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Archive for January, 2015

DEUTSCHE BANK: A disaster waiting to happen…and it’s no accident.

A disaster waiting to happen? I belive the disaster is allready there only the crooks running this bank have sucsessfully kept the world and their own German government blackmailed all this time: Deutsche Bank is Lehman Brothers X 100 and they are sitting on Trillions of worthless derivative positions ! Waite until that blows up ,its goodnight Euro!

The Slog.

This is Deutsche Bank’s transparency track record in recent years:

* The US Federal Reserve Bank of New York questioned the bank’s reporting procedures and “myriad oversights” in late 2013.

* Britain’s Financial Conduct Authority (FCA) placed Deutsche Bank’s London office under “enhanced supervision” last August, and fined it £4.7m for “reporting failures”.

* Yesterday, the German Federal Financial Supervisory Authority said it had begun an inquiry into whether Deutsche Bank violated German securities regulations in disclosing its earnings for the fourth quarter of 2014 last Thursday.

I’m far from being the only observer with huge doubts about exactly what might explode (covering us all in sh*t) when Deutsche finally hits force majeur, and has no choice but to tell us the truth. Although regulators colluding with banks to hide their guilt is common, three separate regulatory authorities ganging up against one bank is just not credible. But that’s…

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In Denmark You Are Now Paid To Take Out A Mortgage

Little did we know that just minutes after our tweet, we would learn that at least one place is already paying homeowners to take out a mortgage. That’s right – the negative rate mortgage is now a reality.

Thanks of Mario Draghi’s generosity with “other generations’ slavery”, and following 3 consecutive rate cuts by the Danish Central Bank, a local bank – Nordea Credit – is now offering a mortgage with a negative interest rate! This means, according to DR.dk, that Nordea have had to pay instead of charging interest to to a handful of customers, says housing economist at Nordea Kredit, Lise Nytoft Bergmann for Finance.

From DR, google-translated:

The interest rate has balanced around 0 in a level between minus 0.03 percent plus 0.03 percent. Most have paid a modest positive interest rate, but there are so few who have had a negative rate. It is quite an unusual situation, says Lise Nytoft Bergmann.

It is residential customers who have chosen to stick with F1-loan that now benefit from the negative interest rate. F1 loan form has otherwise been strong returns in recent years in favor of fixed interest loan.

Although interest rates are negative, it is not something that can be felt by customers as contributions and other costs continue to be paid. In turn, interest will be deducted from the contribution.

Precisely because it is an unusual situation, Nordea Kredit’s IT systems are not geared to the situation when the computers are only used to collect interest.

Lise Nytoft Bergmann says that there is no cause for concern, and that the new situation can be handled, “but sometimes we have to use duct tape and paste.”

This is just the beginning: according the Danish media outlet, as a result of variable-refinancing, as recently as a week from now “a greater share of customers could have a negative rate.”

Mortgage Denmark is one of the mortgage banks, where F1 rate also is close to zero, and here you are very excited about the upcoming negotiations, says Christian Hilligsøe Heinig, chief economist of the Mortgage Denmark.

We have an auction just around the corner and it is very exciting to see how interest rates are going. We can go and get negative interest rates, says Christian Hilligsøe Heinig to JP Financial.

And just like that, first in Denmark, and soon everywhere else in Europe, a situation has now emerged where savers who pay the bank to hold their cash courtesy of negative deposit rates, are directly funding the negative interest rate paid to those who wish to take out debt. In fact, the more debt the greater the saver-subsidized windfall.

That all this will end in blood and a lot of tears is clear to anyone but the most tenured economists, however in the meantime, we can’t wait to take advantage of the humorous opportunities that Europe (and soon Japan and the US) will provide in the coming months, as spending profligacy will be directly subsidized and funded by the insolvent monetary system, while responsible behavior and well-paid labor will be punished, first with negative rates and soon thereafter: with threats, both theoretical and practical, of bodily harm.

full article at source: http://www.zerohedge.com/news/2015-01-30/denmark-you-are-now-paid-take-out-mortgage

Wicklow says No to Irish water charges again!

This is why I along with 2000 more more citizens are out today on the streets: It is no longer about the water meters but the whole rotten system that allows our political system be infiltrated with corporate stooges who are happy to implement the vested interests of corporate GREED rather than that of our people and our communities, ,We are slowly been forced into becoming a commodity and cash cows to be milked for all they can get before been dumped on to the scrap heap at the end of our productive lives! We are not cattle; we are not machines here to do the bidding of a select few!

Wicklow stands up and says NO: “Water is a Human Right”

Wicklow:Saturday.31.01.2015
By Thomás Aengus O Cléirigh


Braving the bitter cold wind today citizens of Wicklow came out to demonstrate against the troika imposed water charges! Approximately 2000 concerned citizens and children have once again made a stand against the fascist dictates of collaborators of corporate greed now in charge of our country!
This financial corrupt system where a very small group of vested corporate interests ,dictate policy for the rest of us and the politicians and their clapped out not fit for purpose system will use any amount of corruption, fraud or downright criminality to please their unelected, corrupt corporate masters! Our country is now in the hands of these faceless dictators! Creating money out of nothing and then lending this worthless monopoly money out to us at penal interest rates designed to bankrupt countries and then swarm all over the same countries stealing their natural assets and financially enslaving the citizens for generations to come must be stopped!
This is why I along with 2000 more more citizens are out today on the streets: It is no longer about the water meters but the whole rotten system that allows our political system be infiltrated with corporate stooges who are happy to implement the vested interests of corporate GREED rather than that of our people and our communities, ,We are slowly been forced into becoming a commodity and cash cows to be milked for all they can get before been dumped on to the scrap heap at the end of our productive lives! We are not cattle; we are not machines here to do the bidding of a select few! This country is ours and we the people will not sit back and allow Greed to dictate our lives! We want a better future for our children and we want to hand over a sustainable system of hope of better times for the future generations to come! I do not want my children to have to shed their blood fighting for a basic human right I have enjoyed as a child growing up in this country!
If you push a people into a corner they will eventually come out fighting history teaches us !

“Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty or give me death!”
Patrick Henry

Keiser Report: If It Bleeds, It Leads

In this episode of the Keiser Report from Mexico City, Max Keiser and Stacy Herbert discuss the significance of Teotihuacan to the modern era of semi-divine elite hoarding wealth during a time of financial crop failures and lending droughts. In the second half, Max interviews media, retail and banking tycoon

700,000 Irish citizens won’t register with Irish water!

DSC02804

The Herald can reveal that only around 171,000 households registered after the reduced price structures were announced by the Government on November 20.

Irish Water has claimed that 1.04 million households have now “validated their info”.

But it said that only 79pc of that figure, or 821,600, were on the public water mains and are considered customers of the semi-state.

grim

The utility estimates that around 1.5 million households across the country are on the public network, meaning that in the region of 678,400 of those have not registered.

The figures will make for some grim reading for the Government, which had hoped the new charges would encourage people to supply their details to the embattled company.

By the end of the first week of November, when higher charges were still being proposed, 828,000 homes had validated their information with Irish Water.

hnews@herald.ie

Obama Can End Argentina’s Debt Crisis with a PenThe President has the Constitutional power to pluck vulture-fund billionaire Paul Singer. Obama hasn’t. Why not?

By Greg Palast

The “vulture” financier now threatening to devour Argentina can be stopped dead by a simple note to the courts from Barack Obama. But the president, while officially supporting Argentina, has not done this one thing that could save Buenos Aires from default.

Obama could prevent vulture hedge-fund billionaire Paul Singer from collecting a single penny from Argentina by invoking the long-established authority granted presidents by the US constitution’s “Separation of Powers” clause. Under the principle known as “comity”, Obama only need inform US federal judge Thomas Griesa that Singer’s suit interferes with the president’s sole authority to conduct foreign policy. Case dismissed.

Indeed, President George W Bush invoked this power against the very same hedge fund now threatening Argentina. Bush blocked Singer’s seizure of Congo-Brazzaville’s US property, despite the fact that the hedge fund chief is one of the largest, and most influential, contributors to Republican candidates.

Notably, an appeals court warned this very judge, 30 years ago, to heed the directive of a president invoking his foreign policy powers. In the Singer case, the US state department did inform Judge Griesa that the Obama administration agreed with Argentina’s legal arguments; but the president never invoked the magical, vulture-stopping clause.

Obama’s devastating hesitation is no surprise. It repeats the president’s capitulation to Singer the last time they went mano a mano. It was 2009. Singer, through a brilliantly complex financial manoeuvre, took control of Delphi Automotive, the sole supplier of most of the auto parts needed by General Motors and Chrysler. Both auto firms were already in bankruptcy.

Singer and co-investors demanded the US Treasury pay them billions, including $350m (£200m) in cash immediately, or – as the Singer consortium threatened – “we’ll shut you down”. They would cut off GM’s parts. Literally.

GM and Chrysler, with no more than a couple of days’ worth of parts to hand, would have shut down, permanently forced into liquidation.

Obama’s negotiator, Treasury deputy Steven Rattner, called the vulture funds’ demand “extortion” – a characterisation of Singer repeated last week by Argentina President Cristina Fernández de Kirchner.

full article at source:Obama Can End Argentina’s Debt Crisis with a PenThe President has the Constitutional power to pluck vulture-fund billionaire Paul Singer. Obama hasn’t. Why not?.

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