Friday, September 9, 2016

saveyourassetsfirst3

saveyourassetsfirst3


Eldorado Gold: Impressive Long-Term Opportunity

Posted: 09 Sep 2016 12:03 PM PDT

RED ALERT: CDC Giving Itself Unconstitutional POWERS To Detain Citizens En Masse Anytime, Anywhere & Throw Away The Key

Posted: 09 Sep 2016 12:00 PM PDT

The CDC is creating a police healthcare state…   by Catherine J Frompovich, Natural Blaze via SHTFPlan:   The U.S. Centers for Disease Control and Prevention literally has overstepped its authority in proposing to grant itself powers that obviously negate any rights U.S. citizens thought they had by issuing the Proposed Rule "Control of Communicable Diseases" on […]

The post RED ALERT: CDC Giving Itself Unconstitutional POWERS To Detain Citizens En Masse Anytime, Anywhere & Throw Away The Key appeared first on Silver Doctors.

Gold Stocks' Massive Correction

Posted: 09 Sep 2016 11:30 AM PDT

Trillion Dollar Consumer Auto Loan Bubble Is Beginning To Burst

Posted: 09 Sep 2016 11:00 AM PDT

This time around we are facing a subprime auto loan meltdown. The size of this market is larger than you may imagine.  Earlier this year, the auto loan bubble surpassed the one trillion dollar mark for the first time ever…   From Michael Snyder, The Economic Collapse Blog: Do you remember the subprime mortgage meltdown […]

The post Trillion Dollar Consumer Auto Loan Bubble Is Beginning To Burst appeared first on Silver Doctors.

When They Say ‘Hoarding’ Instead of ‘Saving’ You Know You’re in Trouble

Posted: 09 Sep 2016 10:00 AM PDT

Cash is becoming dangerous to own, with more and more governments floating the idea of cash controls or all-out cash bans. As interest rates head below zero, savers will rightly be resistant to the idea of paying banks for keeping cash on deposit.  The obvious answer for any responsible, sensible saver is to remove his/her […]

The post When They Say 'Hoarding' Instead of 'Saving' You Know You're in Trouble appeared first on Silver Doctors.

“I’m All In!” Eric Sprott Explains DRAMATIC Sudden Sell Off In Long Bonds

Posted: 09 Sep 2016 10:00 AM PDT

In A Crucial Market Update, Eric Sprott Explains This Week’s STUNNING and DRAMATIC Global Sell-Off in Long Bonds, and what the implications are for gold and silver prices:   On Sale At SD Bullion Last Chance…

The post “I’m All In!” Eric Sprott Explains DRAMATIC Sudden Sell Off In Long Bonds appeared first on Silver Doctors.

Congressman Asks FBI to Release Notes from Financial Crisis Banker Investigations

Posted: 09 Sep 2016 09:30 AM PDT

Why has the DoJ been so keen on deferred prosecution since 2010? It coincides exactly with investigations into the 2008 financial crisis…   Submitted by Michael Krieger: These agreements were created 100 years ago to give juvenile defendants and first-time offenders a chance to for rehabilitate themselves. Only in the last 20 years have DPAs […]

The post Congressman Asks FBI to Release Notes from Financial Crisis Banker Investigations appeared first on Silver Doctors.

Sprott’s Thoughts On The Evolving Gold Narrative: 2011 vs. 2016

Posted: 09 Sep 2016 09:00 AM PDT

Bill Gross just called out Janet Yellen as the penultimate market manipulator. His solution for investors? Avoid stock and bonds, move toward gold bullion and tangible assets. We're glad Mr. Gross has finally caught up. But as this has been an ongoing narrative for gold investors since 2011, we asked Rick Rule what has changed […]

The post Sprott’s Thoughts On The Evolving Gold Narrative: 2011 vs. 2016 appeared first on Silver Doctors.

Fed May Not Be Able to Hold the Market Up Till the Election – Fund Manager

Posted: 09 Sep 2016 09:00 AM PDT

I just don't think the S&P 500 can continue in this "holding" pattern much longer.  Some think the Fed is holding up the market until after the election. I don't know if that's true or even possible.  It's my view that, unless the Fed engages in another massive round of money printing, at some point […]

The post Fed May Not Be Able to Hold the Market Up Till the Election – Fund Manager appeared first on Silver Doctors.

Eric Sprott & the Flash Boys Are Taking On the Bad Guys! – Harvey Organ

Posted: 09 Sep 2016 08:25 AM PDT

The "flash boys" with the support of our own Eric Sprott are taking on the bad guys our HFT traders in the gold market. They should neutralize the criminals stopping their spoofing…   OPEN INTEREST FOR THE UPCOMING OCTOBER CONTRACT REMAINS EXTREMELY HIGH AT 44,000 CONTRACTS/DESPITE THE WHACKING OF GOLD AND SILVER YESTERDAY, BOTH OI'S […]

The post Eric Sprott & the Flash Boys Are Taking On the Bad Guys! – Harvey Organ appeared first on Silver Doctors.

Over The Top: The Fed Is Afraid Of This Bubble – Chris Martenson

Posted: 09 Sep 2016 08:00 AM PDT

The Fed may be on the brink of losing control…   From Greg Hunter:  "The Fed is afraid of these markets because the Fed has created Franken markets. These markets are deeply in nose bleed territory right now. Most people wouldn't know this, but the earnings on the S&P are about where they were in […]

The post Over The Top: The Fed Is Afraid Of This Bubble – Chris Martenson appeared first on Silver Doctors.

This One Chart Should Drive Investors Into Buying Gold & Silver

Posted: 09 Sep 2016 08:00 AM PDT

The chart below is VERY bad news for Americans rich and poor. This is the reason investors need to be holding onto LOTS of physical gold and silver bullion:   From the SRSRocco Report: The U.S. financial system is in serious trouble and this one chart confirms it.  Investors who understand the negative consequences of this […]

The post This One Chart Should Drive Investors Into Buying Gold & Silver appeared first on Silver Doctors.

Hear how under orders there were 9,000 US gold mines shut down

Posted: 08 Sep 2016 10:45 PM PDT

Charleston Voice

Major Problems Announced At One Of The Largest Too Big To Fail Banks In The United States

Posted: 08 Sep 2016 06:27 PM PDT

Wells FargoDo you remember when our politicians promised to do something about the “too big to fail” banks?  Well, they didn’t, and now the chickens are coming home to roost.  On Thursday, it was announced that one of those “too big to fail” banks, Wells Fargo, has been slapped with 185 million dollars in penalties.  It turns out that for years their employees had been opening millions of bank and credit card accounts for customers without even telling them.  The goal was to meet sales goals, and customers were hit by surprise fees that they never intended to pay.  Some employees actually created false email addresses and false PIN numbers to sign customers up for accounts.  It was fraud on a scale that is hard to imagine, and now Wells Fargo finds itself embroiled in a major crisis.

There are six banks in America that basically dwarf all of the other banks – JPMorgan Chase, Citibank, Bank of America, Wells Fargo, Morgan Stanley and Goldman Sachs.  If a single one of those banks were to fail, it would be a catastrophe of unprecedented proportions for our financial system.  So we need these banks to be healthy and running well.  That is why what we just learned about Wells Fargo is so concerning…

Employees of Wells Fargo (WFC) boosted sales figures by covertly opening the accounts and funding them by transferring money from customers’ authorized accounts without permission, the Consumer Financial Protection Bureau, Office of the Comptroller of the Currency and Los Angeles city officials said.

An analysis by the San Francisco-headquartered bank found that its employees opened more than two million deposit and credit card accounts that may not have been authorized by consumers, the officials said. Many of the transfers ran up fees or other charges for the customers, even as they helped employees make incentive goals.

Wells Fargo says that 5,300 employees have been fired as a result of this conduct, and they are promising to clean things up.

Hopefully they will keep their word.

It is interesting to note that the largest shareholder in Wells Fargo is Berkshire Hathaway, and Berkshire Hathaway is run by Warren Buffett.  There has been a lot of debate about whether or not this penalty on Wells Fargo was severe enough, and it will be very interesting to hear what he has to say about this in the coming days…

Wells Fargo is the most valuable bank in America, worth just north of $250 billion. Berkshire Hathaway (BRKA), the investment firm run legendary investor Warren Buffett, is the company’s biggest shareholder.

“One wonders whether a penalty of $100 million is enough,” said David Vladeck, a Georgetown University law professor and former director of the Federal Trade Commission’s Bureau of Consumer Protection. “It sounds like a big number, but for a bank the size of Wells Fargo, it isn’t really.”

After the last crisis, we were told that we would never be put in a position again where the health of a single “too big to fail” institution could threaten to bring down our entire financial system.

But our politicians didn’t fix the “too big to fail” problem.

Instead it has gotten much, much worse.

Back in 2007, the five largest banks held 35 percent of all bank assets.  Today, that number is up to 44 percent

Since 1992, the total assets held by the five largest U.S. banks has increased by nearly fifteen times! Back then, the five largest banks held just 10 percent of the banking industry total. Today, JP Morgan alone holds over 12 percent of the industry total, a greater share than the five biggest banks put together in 1992.

Even in the midst of the global financial crisis, the largest U.S. banks managed to increase their hold on total bank industry assets. The assets held by the five largest banks in 2007 – $4.6 trillion – increased by more than 150 percent over the past 8 years. These five banks went from holding 35 percent of industry assets in 2007 to 44 percent today.

Meanwhile, nearly 2,000 smaller institutions have disappeared from our financial system since the beginning of the last crisis.

So the problem of “too big to fail” is now larger than ever.

Considering how reckless these big banks have been, it is inevitable that one or more of them will fail at some point.  When that takes place, it will make the collapse of Lehman Brothers look like a Sunday picnic.

And with each passing day, the rumblings of a new financial crisis grow louder.  For example, this week we learned that commercial bankruptcy filings in the United States in August were up a whopping 29 percent compared to the same period a year ago…

In August, US commercial bankruptcy filings jumped 29% from a year ago to 3,199, the 10th month in a row of year-over-year increases, the American Bankruptcy Institute, in partnership with Epiq Systems, reported today.

There's money to be made. While stockholders and some creditors get raked over the coals, lawyers make a killing on fees. And some folks on the inside track, hedge funds, and private equity firms can make a killing picking up assets for cents on the dollar.

Companies are going bankrupt at a rate that we haven’t seen since the last financial crisis, but nobody seems concerned.

Back in 2007 and early 2008, Federal Reserve Chair Ben Bernanke, President Bush and a whole host of “experts” assured us that everything was going to be just fine and that a recession was not coming.

Today, Federal Reserve Chair Janet Yellen, Barack Obama and a whole host of “experts” are assuring us that everything is going to be just fine and that a recession is not coming.

I hope that they are right.

I really do.

But there is a reason why so many firms are filing for bankruptcy, and there is a reason why so many Americans are getting behind on their auto loans.

Our giant debt bubble is beginning to burst, and this is going to cause a tremendous amount of financial chaos.

Let us just hope that the “too big to fail” banks can handle the stress this time around.

Breaking News And Best Of The Web

Posted: 08 Sep 2016 05:37 PM PDT

Stocks, gold down on Fed rate hike speculation. ECB leaves rates unchanged. German industrial production falls. US jobs, service sector growth disappoint. Japan preparing major new stimulus. The war on cash heats up. North Korea tests a nuke. Trump and Clinton even in latest polls. More Clinton emails to be released soon.   Best Of […]

The post Breaking News And Best Of The Web appeared first on DollarCollapse.com.

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