Category Archives: Financial

Bank Collapse – It’s Happening

ChesapeakeBix Weir – Rumors of bank failures around the world are absolutely true…and they are very, very contagious!

US Banks were told by the Fed NOT to mark to market their energy assets and not to cause any disruption in the oil and gas sector by pulling lines of credit or forcing companies into bankruptcy. All well and good if all they needed was to get past the 4th quarter 2015 but now things have not improved – they have only gotten worse and the spotlight is on the write downs for the 1st quarter 2016.

Chesapeake Energy Craters 40% on Restructuring Report
http://www.bloomberg.com/news/articles/2016-02-08/chesapeake-energy-craters-22-percent-on-restructuring-report

Chesapeake Energy Corp., the U.S. natural gas driller that’s been slashing jobs and investor payouts to conserve dwindling cash flows, lost more than a third of its value after a report that it hired a restructuring law firm.
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Best, Most Reliable Answers Come From The Market – And You

Michael Noonan – Almost everyone is searching for answers about what to do in the stock market. The two best sources are the market itself, and the second source will surprise many, but it is you! No one has a greater vested interest in your financial interests than you when it is your money on the line, at risk. The inherent problem with this simple solution is that few ever consider either source as the best solution.

Wall Street, such a big mystery. Not really. The only mystery about Wall Street is the thieves who run it. Like the Wizard of Oz, Wall Street does not want you to look behind the curtain to discover all of the fraud, the greed, and the purely self-motivated financial interests that are opposite to yours.

The S&P used to be our staple for market commentaries. However, once the government and central banks took over, starting with POMO [Permanent Open Market Operations], we stopped recommending the buy side of the market to not abet the overt market manipulation to keep people trapped in stocks and simple stopped writing articles.

We did the same thing in the gold and silver markets. Once it become so apparent that the elite’s central bankers were totally manipulating gold and silver to eliminate competition to their fiat Ponzi scheme, we stopped recommending any trading on the short side in PMs, again, not to abet what would otherwise be considered criminal activity. Continue reading

Congress wants to turn the US Postal Service… into a bank

postalSimon Black – It’s news that seems ripped from the pages of The Onion. Or perhaps Atlas Shrugged.

But incredibly enough it’s actually true: earlier this week, Congress proposed a new law authorizing the US Postal Service to provide banking and financial services.

It’s called the “Providing Opportunities for Savings, Transactions, and Lending” Act, abbreviated as… wait for it… the POSTAL Act.

And it provides explicit authorization for them to provide banking services including checking and savings accounts, money transfers, and “other basic financial services as the Postal Service deems appropriate in the public interest.”

Bank of the Post Office. It’s incredible when you think about it.

The US Postal Service hasn’t turned a profit in a decade.

As a matter of fact, its total accumulated losses now exceed $51 billion, easily ranking it among the least successful companies in history.

And the only way USPS can continue to maintain its operations is with regular bailouts from the American taxpayer.

The statistics are just horrendous. Mail volume is down dramatically, which means that revenue continues to fall. Continue reading

This World Leader Stole His Citizens’ Gold

CharlesSimon Black – Even before his coronation in 1626, King Charles I of England was almost bankrupt.

His predecessors King James and Queen Elizabeth had run the royal treasury down to almost nothing.

Costly war and military folly had taken its toll. The crown had simply wasted far too much money, and brought in too little.

To make matters worse, King Charles was constantly at odds with parliament.

The English government was completely dysfunctional, with constant bickering, personal attacks, and very little sound decision-making.

Parliament refused to pass the taxes that Charles needed to make ends meet. But at the same time, the King was legally unable to levy his own taxes without parliamentary approval.

So, faced with financial desperation, he began to look for alternative ways to raise revenue.

One way was relying on practically ancient, obscure laws to penalize his subjects.

The Distraint of Knighthood, for example, was based on an act from 1278, roughly three and a half centuries before Charles’ coronation.

The Act gave him the legal authority to fine all men with a minimum level of income who did not present themselves in person at his coronation.

Charles also commandeered vast amounts of land, restoring the boundaries of the royal forests to where they had been during the time of King Edward I in the 13th century. Continue reading

We Are Getting To The End — Nomi Prins [Video]

SGT Report – Nomi Prins, the Best selling author of All The President’s Bankers, joins me to document the collapse of the western banking and economic systems. Nomi says, “We’re getting to the end of what’s possible in terms of stimulation, I would have thought the end should have happened years ago. But the reason it didn’t was because of the epic coordinated efforts between the major central banks… and that element has left markets with the APPEARANCE of health they haven’t actually had because of true growth. And there’s only so much you can do of that. These are desperate actions.”

You can read Nomi’s Financial roadmap for 2016 at her website  http://www.nomiprins.com/

SF Source SGTreport.com  Feb 2016

Current Prices Do Not Matter

Michael Noonan – Truth be known, short of an uprising or revolution by the masses, which is highly unlikely, the elites have won over the masses, hands down, and the end game is in the final and irreversible stages.  Time and again, we have reiterated the elites formulaic strategy of Problem, Reaction, Solution.  The most current is the outrageous Mid East refugee situation where European countries are being forced to accept hundreds of t

Michael Noonan – Truth be known, short of an uprising or revolution by the masses, which is highly unlikely, the elites have won over the masses, hands down, and the end game is in the final and irreversible stages.  Time and again, we have reiterated the elites formulaic strategy of Problem, Reaction, Solution.  The most current is the outrageous Mid East refugee situation where European countries are being forced to accept hundreds of thousands of displaced refugees from the war-torn Middle East.

It is no secret that the US has been covertly responsible for much of the destruction and strife in that area.  Where not covertly involved, the US has provided arms and logistics to Saudi Arabia as the Saudis are destroying helpless Yemenis in the proxy war against Iran.

None of the bought-and-paid-for Western press is questioning how and why, all of a sudden, Middle Eastern refugees have the money and means to escape to various parts of Greece and Europe, en masse.  How is it that black Africans were never able to be in a position to migrate from far worse war atrocities?  Unseen forces are behind this. Continue reading