Loading ...Wells Fargo To Be Sanctioned By DOJ For Improperly Seizing Soldiers’ Cars
Hmmm…
CNBS now has Deutsche Bank trading in the bottom right corner of the screen.
Last time I saw that was in 2008 when they had AIG and LEH shown on the screen
DB of course coming out with a statement that everything is fine, well capitalized etc. Never herd that before.
Fed has tried to goose the SM once successfully off the lows, let’s see what they can do in the last hour.
Deer79 – agree about tomorrow, could be very volatile if the SM here tanks in the last hour.
Trouble in paradise before they try to get Hillary elected…
redneckokie1 @ 14:18
Hey how was your trip to the jungle?
We have a different jungle here. It’s a money jungle with lots of predators roaming about.
Forget Derivatives, Bad Loans, Huge Debt, Bailouts, Nothing Matters
Because the money printed loaned out and or circulating, is FAKE. Only paper. On a Gold standard, GOLD would be loaned out, and repayment back in Gold very important. But that’s not the case.
The replacement or substitute “money” is REAL ESTATE. This is what the tax pigs want. Because you can’t move it or hide it. Everybody knows how much “substitute money” you have by looking at the market value of your property.
The above is why TPTB are so protective of real estate. The banks are up to their asses in real estate loans. If real estate collapses in value, its a net CONTRACTION of substitute money supply.
After market values drop, you are entitled to lower property taxes also. At least the real estate is an object that can’t disappear. Stocks and bonds, also money substitutes, made of paper, IOUs, are a different story.
So, the only thing that matters, is the ability of gov’ts to collect taxes. And so far, they are having partial trouble because of abnormally low wages in the tax payer private sector.
The Unionized tax absorber public sector gets paid more, but they are tax neutral, taxes THEY pay are gleaned from taxes PAID by the tax payers. When tax absorbers pay taxes, they are paying taxes to themselves, and should be considered an illegal “kick back”.
The above story does not include public service civil service, or gov’t vendors that live of tax payers. And or all the various occupations that are supported by gov’t. Like real estate, medical, airlines, accountants, auto mechanics check engine lights etc.
Great PM shares catch a bid with general SM …the world is so screwed
Redneckokie….tks for the grain info…
Cheers
Don’t know if it makes a difference
But Monday is a bank holiday in Germany, so there may be a little volatility that rears it’s head tomorrow……..
Panic over…Scum selling Gold and buying SM and dollar/yen…… Algo’s following
That was easy !!!!!!
Doushbank may be worse than we think!
Some of the derivatives are being moved! What derivatives are being left? Doushbank is going to be holding the bag for a mountain of bad paper. The good stuff is already gone somewhere else . Nobody will have to take a dime out to cause the capital to vanish. When a very small percentage of derivatives are triggered, Doushbank is gone!
How much longer are taxpayers and depositors going to finance the casino? How many more bail ins and bail outs are available?
A lot of Germans may go to bed Friday in good financial condition and wake up Tuesday flat broke.
The American grain markets are holding up well while staring at huge crops in the field. Ending stocks report is tomorrow. Somebody is buying grain outside the normal market parameters. That somebody may be exchanging fiat for something that will at least be a store of value. Bankers and politicians have bought grain before every currency devaluation.
rno
ipso facto
give it some time….but that was my point..it’s a steal here.
Maddog
It’s the end times and gold’s up pennies.
Wow been out…come back check prices…what the **** !!!!!!!
Get news and boy oh boy are they giving the PM’s away here…..This is end times stuff folks….Saudi in melt down and DB being thrown of the bridge….Saudi’s will be buying PM’s with all they have, as they will likely be ultra rich refugees very soon…but cannot trust any banks etc…who is solvent etc .
Gotta hand it to Obummer he sure has f***ed up the ME a treat…no-one will ever rival him for worst President ever.
Buygold
Congress voted to override Obama’s veto that families of those killed in the terror attacks on 9/11 would not be allowed to sue Saudi Arabia. This is the first time he has been overruled. This will open the courts in New York to some very interesting court battles, but Saudi Arabia will most likely sell off all US assets to prevent any US court from freezing their assets. If they take everything out of the USA, then they can ignore the courts and not defend at all exposing themselves to discovery rules that will be very intrusive.
Buygold
-182 now …
DB …German govvy will have no choice but to bail them out … bail ins too?
deer79
That shi* really ticks me off! GD warmongers causing nothing but trouble!
That’s a big point in Trump’s favor. He wants to cooperate with the Russians instead of going to war with them.
Yeah Ipso
I’ll say this if we get a 300 pt. selloff in the DOW things could get real interesting tomorrow
ipso
Could be. The other headline posted on ZH:
“US To Suspend Syria Diplomacy With Russia, Prepares Military Options.” Can you say DISTRACTION!
This is getting really interesting folks
VIX starting to spike a little, gold firming up, DB down 6%
Wouldn’t really mind seeing another Lehman episode.
Buygold
Where’s that popcorn deer? Can you spell: LIT FUSE
The Run Begins: Deutsche Bank Hedge Fund Clients Withdraw Excess Cash
CNBS Reporting
Hedge Funds selling Deustche Bank – can’t imagine why
SM actually starting to tank with DB stock.
Maybe the hedge funds got some inside info because things got ugly pretty quick
This is a weird thing
Acne sufferers live longer, research suggests
http://www.telegraph.co.uk/science/2016/09/28/acne-sufferers-live-longer–research-suggests/
treefrog @ 23:09
Very wise words. Problem is some people don’t know when to count their blessings. Every day is a new one.
Re China to shut down hundreds of coal, steel operations
Like I predicted after 2008. China has over 50 years been turned into a new prosperous “USA”, via US consumer dollars.
And now THEY will be inundated with clean air rules, more regulations, more unneeded tax absorbing gov’t spending, budget and trade deficits, and maybe some nice increased national debt.
Re Protesters block access to Mexican mine owned by Goldcorp
Another clear sign of reversal of the past.
See what I mean about big cross border international corporations? The other day it was the Philippines suspending mining licenses, and hurt BTG by about 20%. We all better re-think where our favorite miners are based, and where they have permission to dig and drill.