Category Archives: ECB

“Losses Will Be Devastating,” Triggering A Derivatives Blow-Up And Worldwide Collapse

Today the man who remarkably predicted the collapse of the euro against the Swiss franc warned King World News that “losses will be devastating,” triggering a derivatives blow-up and worldwide collapse. Egon von Greyerz:  “Eric, I’m looking at the bond markets, worldwide.  What we’ve seen now both in the U.S. and in Germany is that rates have increased Read More

“We Have Come To The End Of The Road” – Greece Prepares For Default, FT Reports

Update: as always is the case in Europe, nothing is confirmed until it is officially denied by officials, so here you go:GREEK GOVT OFFICIAL DENIES FT REPORT GREECE PLANNING DEFAULT There was no explanation from the government official where Greece would get the €2.5 billion it needs to fund upcoming IMF interest and principal payments. * Read More

Russia joins China-led Asian Bank

Beijing’s staunch ally, Russia, on Saturday announced its decision to join the China-led Asian Infrastructure Investment Bank, the latest in the growing list of countries applying for membership, including US allies in the European Union. Russian Deputy Prime Minister Igor Shuvalov, at the 2015 annual conference of the Boao Forum for Asia in the coastal Read More

As Major Cracks Appear In The Global Financial System, It’s Everyone, Every Currency And Every Central Bank For Itself

By John Ing of Maison Placements March 24 (King World News) – Much is made of America’s economy becoming one of the fastest growing economies in the world. It is all relative. Debt has grown even faster. The US dollar too has soared relative to other currencies, thanks in part to a relatively better economic Read More

“Belief That European QE Will Work Is Far-Fetched,” Bill White Warns This Will “End Very Badly”

As the title of Hinde Capital’s latest note ascribes, we are on “The Road to Nowhere,” and this excellent discussion with former BIS Economic Adviser (and teller-of-the-truth) William White explains it all.. “I’m not sure [European QE] is going to do anything – certainly, nothing that’s good. The fundamental problem here, as I see it Read More

Paul Tudor Jones Warns This “Disastrous Market Mania” Will End “By Revolution, Taxes, Or War”

“This gap between the 1% and the rest of America, and between the US and the rest of the world, cannot and will not persist,” warns renowned trader Paul Tudor Jones during his recent TED Talks speech, as he addressed the question – can capital be just? Hoping to expand the “narrow definitions of capitalism,” Read More

ECB Prepares For Grexit, Anticipates 95% Loss On Greek Debt

Dear Greek readers: the writing is now on the wall, and it is in very clear 48-point, double bold, and underlined font: when the ECB “leaks” that it is modelling a Grexit, something Draghi lied about over and over in 2012 and directly in our face too, take it seriously, because it is time to Read More

Legend Just Warned Greek Deal Has No Substance And The Crisis May Become Catastrophic Financial Ebola

From King World News Eric King: “After the news of this so-called deal with Greece was announced, I thought of one guy on the planet I could call to find out what this really means and that’s you, Art. You’ve been doing this for over half a century, you are a legend in the business Read More

How Germany Is Blowing Up The European Union

As Germany is set to reject a Greek loan extension request (and no, international press, that is not the same as an extension of the bailout program), Steve Keen uses proprietary numbers issued by the OECD – which is supposed to be on Germany’s side?! – to show how dramatically austerity has failed in Europe- Read More

Setting the Stage for the One World Currency – Martin Armstrong

By Martin Armstrong We can start to see how the one-world currency comes into play with BIG BANG. The more these governments try to manipulate the outcome of the free markets, the worse everything becomes. I met with members of the board in charge of the Swiss/Euro Peg just before the Berlin Conference. I explained Read More