Banking

Everyone must be wondering where this "unprecedented global financial crisis", (the World Bank's words), is heading. What follows, for what they are worth, are my cogitations on this crisis. Words: 1641

One of the 5 main purposes of the meeting in Davos is to discern and implement new ways to convince the public that giving a perpetual and eternal supply of money to the largest employers in the world - governments, the banking industry and the defense industry - is the path to financial salvation.

Russian Roulette: Put one bullet in the cylinder of a revolver, spin the cylinder, point the gun at YOUR head, and pull the trigger. Most revolvers have 6 chambers, so your odds of surviving are 5 in 6, IF you quit after pulling the trigger once. Press your luck, spin the cylinder, point the gun, and pull the trigger again. It might be okay. Try for a third time? Now let's play Russian roulette - derivatives style.

It would be wise for bitcoin traders to use any kind of hedge that they can find and over the past few months, one such hedge has been, ironically, gold.

In 2016 we can expect more QE and when that doesn't defeat deflation (driven by global over-indebtedness), further unorthodox measures will be taken (i.e. helicopter money) and eventually there will be a gold revaluation to $8,000/ozt.

We have entered the endgame for the dollar as the dominant reserve currency and most investors and policy makers are unaware of the implications - but those who are will have positioned themselves in the one asset most likely to be left standing when the dust settles - gold.

The ‘Money Industry’ bought control of America and, as such, bought control of the American political system and, in the process, betrayed America’s trust in them. They are still in control and there is no end in sight. Words: 1611

When interest rates are low, businesses and individuals are more likely to borrow. Unfortunately, the resulting sub-zero interest rates were the exact opposite than those intended.

For several years, and in particular the last 12 months, the IMF (International Monetary Fund) and the BIS (Bank for International Settlements) have been issuing warning after warning - as outlined below - that the biggest financial and social crash in history is coming. Are you listening? The warnings are all well thought out with cogent logic and are not to be ignored!

Student loan debt in America now ranks as the second-largest consumer debt category, trailing only mortgages and, based on the latest data, it isn’t about to end any time soon.