Paul Mason won't be having it:
https://twitter.com/BanTheBBC/status/781213110065594368
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Paul Mason won't be having it:
https://twitter.com/BanTheBBC/status/781213110065594368
Hot off the presses. Something big is in the wind, boys. Prepare accordingly.
Thursday 29 September 2016 6:34pm
Deutsche Bank US share price plunges after reports suggest funds have lost faith in the lender - http://www.cityam.com/250415/deutsch...eports-suggest
None of the events you mentioned caused panic in any UK streets.
Think contagion, counterparties and dominos falling. Their derivatives book's value is similar to the entire world's GDP and 20 times that of Germany, Europe's biggest and most successful economy. The bank dwarfs Lehman Brothers in size and importance. It going down could make 2008 and everything that followed seem like nothing important. That's why Christine Lagarde, the IMF boss, described it as the world's most dangerous bank.
The greatest risk is that somewhere in the future hyperinflation occurs. If it is bad enough cash could mirror its intrinsic value, which is precisely nothing because fiat money is backed by nothing except faith. Once confidence goes then even in the Satellite City valleys communities they will know all about it.
Deutsche Bank fall drags down US stocks
http://www.bbc.co.uk/news/business-37508394
Commerzbank plans to cut 9,600 jobs
http://www.bbc.co.uk/news/business-37505900
Last edited by Wales-Bales; 29-09-16 at 20:31.
You heard much about this? I've only heard bad stuff, I don't really know enough about it to know if it's a bad thing or not.
I hope ICANN doesn't turn in to ICAN'T
US Relinquishes Control of Internet Naming System Oct. 1
http://uk.pcmag.com/internet-product...g-system-oct-1
There's something else booked for October 1st - the re-weighting of the SDR (special drawing rights). It's reckoned by those familiar with the dealings that the Chinese renminbi and gold will become part of the basket of currencies. Gold has been bought hand over fist by the Chinese government for years.