Swedes urged to deposit 41m invalid banknotes


What happens when the EU collapses maybe these notes will be good again?

Central Banks Cut Interest Rates 667 Times Since ’08 & Owns $25 Trillion Of Financial Assets – Episode 1058


From X22 Report Click On Picture To See Larger Picture Gold slammed down again. Subprime auto delinquencies surge. Durable goods orders decline. Capital goods shipments decline. Services PMI declin…

Source: Central Banks Cut Interest Rates 667 Times Since ’08 & Owns $25 Trillion Of Financial Assets – Episode 1058

NKorea Boasts: Can Now Nuke Mainland USA…


A few SF and Action books have North Korea and Iran hit the US with EMP pulses —cold this bee what they are planning

THE WORLD’S BIGGEST BABY . . .


He maybe a baby but Clinton started the ball rolling for him to get the nukes

Merkel’s Refugee Crisis


Merkel-Good Bye'

Of course, Chancellor Angela Merkel has denied that allowing the refugees in has led to the recent Islamic terrorist attacks. She has admitted that fighting crime and Islamist terrorism will be key challenges for the year, and she is adopting a law and order position after attacks in Germany have seen her approval ratings collapse. Her response is typical, “We need more police.” To this, she added, “We will need more video surveillance of public spaces.”

Greece-Merkel-Banks
Greece-PensionerThis is the entire problem with career politicians. They could never admit the truth because they fear that would be the end of their careers. Western “republic” forms of government are by no means a democracy. The very creation of the European Parliament, with no power to introduce or veto legislation, proves the entire point. Moreover, Chancellor Merkel collapsed in polls internationally after her refusal to yield to Greece. She allowed the Greek people to be strip-mined of assets to pay for their corrupt politicians.

Merkel’s harsh actions toward Greece drew international condemnation. On July 15, 2015, Time Magazine wrote, “Berlin’s role as the enforcer in negotiations over Greece’s debt could cause lasting damage to Germany’s global image.” Images of elderly Greeks committing suicide in Syntagma central square in front of the Greek Parliament in Athens had been making the front pages in the international press. Merkel’s image was becoming that of a money-grubber without any humanity. Pictures of retired Greeks who were moved to tears after being unable to withdraw any money from banks and unable to buy food ran around the world.

Mother-Merkel

Then, the Washington Times wrote on September 10, 2015, “Angela Merkel welcomes refugees to Germany despite rising anti-immigrant movement.” The entire refugee crisis was created by Merkel as a diversion because Germany was being viewed as the harsh enforcer of loans, which were structured to hide what Goldman Sachs had instituted to get Greece into the euro from the outset. The entire reason for the refugee crisis was simply the view of Merkel globally. She needed to reshape her image from the loan shark to the caring Mother Merkel. Europe is now paying the price because career politicians were simply concerned about her polls.

Germany-How-2-Get-Lucky

Now Merkel refuses to accept any responsibility and outright denies that the refugee issue is even the problem. Police have altered records in Cologne to remove the word “rape” from criminal reports to support Merkel. Now, a leaked document has surfaced reporting that 2,000 men assaulted and raped 1,200 girls across Germany on New Year’s Eve. This was not an act of terrorism or some normal crime wave that ever took place in ANY western country before Merkel’s refugee crisis. If the refugees were not the issue, then why create flirting courses to show Islamic men how to get lucky with Germany girls without raping them?

The nightmare in Germany is becoming unbelievable. Speaking with friends in Germany, many with young children are terrified to send their children to school. Why? You have young Islamic men, pretending to be under-18, who look to be in their mid-20s, sitting in classes with young girls and towering over them. They speak nothing of the language but must attend school. One must wonder why any politician is putting their personal career before the safety of their own people. Make no mistake about this — it may be Merkel’s refugee crisis, but a score of other career politicians also refuse to admit what they have done.

The answer? No. They are trying to put any possible incident in the USA on TV to paint America as being more dangerous so the refugee crisis is seen as just a minor blip. They have even issued travel advisories against the USA in retaliation for the travel alert issued against Europe to warn American travelers to be careful when visiting this summer. Canada also issued a travel alert on Germany, as was the case in New Zealand. These travel alerts did not exist prior to Merkel’s refugee crisis.

 

The Condo Market Turning Down


Porsche Building

The condo bubble has broken in many markets. Even rentals in Miami and other prime markets have begun to decline. In part, the rise in the dollar is now curtailing foreign investment. Likewise, I personally know some British friends who are selling property in the states to take advantage of the huge profit in the drop in the pound when converting back to the base currency.

As with every peak, developers see how condos sell so they have increased the supply right into the peak in prices. This cyclical pattern repeats over and over again. The foreign investors who got into US property back in 2011 have made a fortune in the home currency and are taking profits.

China & Its Debt Problems


Shanghai-8-25-2016

With a total debt of almost 250% of GDP, China’s debt problems are well known. Meanwhile, the government is working on resolving the issue by following the playbook of US investment banks and creating securities structures to offload bad debt (remember CDOs?). The slowing economy has caused rising defaults. Analysts suspect the NPLs ratio to be 30% of bank loan portfolios versus the official ratio of 1.81% as of the end of June 2016.

The corporate bond market is also feeling pressure as 41 companies have defaulted on R25.4bn of bonds since the beginning of the year. In an effort to restore confidence in the banking sector, Bank of China and China Merchants Bank sold off some of its NPLs as securitized products. It seems like an asset swap to other banks with 50-60% of the book being sold to other banks. Furthermore, 95% of the riskiest tranches were sold to a state-owned asset manager. Meanwhile, in an effort to support growth, the Chinese government is promoting lending to small and micro businesses, which carries higher risk and reduces peer-to-peer lending.

Corporate debt is estimated at 145% of GDP with the non-financial state-owned enterprises representing half of the bank credit. Chinese banks have a greater concentration of individual customers with the top customer of Agriculture of China accounting for 7% of its loan book and the top 10 customers comprising 17% of its loan book.

Copper-8-25-2016

Chinese credit is currently growing at 2x GDP, meanwhile, fixed capital investment growth slowed to 3% during 2015. Watch copper that is used for loan collateral in China and has recently broken weekly technical support with a Directional Change during August and the next turning point in October. A breach of the $2.00 level will indicate further lows.
Categories: China
Tags: China

Call It Judgment Day: Obama Faces a Reckoning Over Payments to Iran


From the New York Sun By SETH LIPSKY Call it judgment day. It looks like the Obama administration might yet face some kind of reckoning — in Congress, at least — over its payoff of a long-simmering… Only a Muslim would do something like this Obama is a criminal for sure; both he and Hillary should be in jail.

Source: Call It Judgment Day: Obama Faces a Reckoning Over Payments to Iran

Julian Assange’s Lawyer Found Dead After Being Struck by Train


Source: (Before It’s News) John Jones 48, one of Britain’s  top human rights lawyers, and a representative for Julian Assange, was killed last Monday, 15 August 2016, when he was struck by a …

Source: Julian Assange’s Lawyer Found Dead After Being Struck by Train

A History Of Manufactured Regime Change And Civil Unrest: Is America Next?


Source: Zero Hedge Truthstream Media outlines the history of elitist run regime change and cultural overthrow in the past century. As Alt-Market’s Brandon Smith notes, Truthstream thankfully …

Source: A History Of Manufactured Regime Change And Civil Unrest: Is America Next?