Markets Glad To Pause Today To Figure Out What The Heck Is Going On
SD Midweek: “Chaos”, “confusion” and “crashes” are the words of the moment for the markets. Let’s use this pause to take it all in and figure it all out…
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EU Plans to Freeze Bank Accounts to Prevent Runs at Failing Banks!
Be first, Or Not at All…
Continue readingIf Greece Blows Up And Financial Armageddon Hits, Gold Will Go “Bid Without”
The only way to prevent financial Armageddon is to declare all markets on holiday. However, the most interesting market to watch will be the re-pricing of the market for physical precious […]
Continue readingDefault Countdown? European Banks Lose €50bn as Greek Debt Deadline Nears
The market value of European banks has shrunk by more than €50 billion after Greece shut down its banks until July, 6, the day after the referendum on the bailout […]
Continue readingGrexit?, Overnight CHINESE MARKET CRASH & Systemic Risk SHAKE the Global Economy
With Greek banks and market closed Monday as Greece prepares to default, Chinese markets were ROUTED overnight. Has “THE BIG ONE” begun?
Continue readingGreeks Find Religion- Storm ATMs, Stores, Gas Stations
*Update: Greece officially passes Capital Controls Act – Banks to Remain closed until July 6th, ATM Withdrawals Limited to €60/day “He who panics first panics best.“ It appears the phrase might […]
Continue readingBank Holidays, Bail-ins, & Full Capital Controls: Greece on the Precipice – AGXIIK
I am of the opinion that some of the Greek banks will not open Monday and those that remain open will shut down with a day of opening or at […]
Continue readingA Tale of How It All Went Down
When they woke Thursday morning, the banks had been closed on the east coast for 2 hours. Electronic payment systems worked in select areas only: government services, food, and energy […]
Continue readingThe Price of Everything and the Value of Nothing
We recently had the “not necessarily” storm of the century in San Francisco. The following day, I went to the local gas station to top off the fuel for […]
Continue readingLet’s Give Thanks for this Most Precious Gift
Today, let us be thankful that the following has not occurred…YET. A young lady waking up one morning, pouring herself a steaming cup of coffee, and stretching as she walks over to […]
Continue readingRob Kirby: System Break-down Certain With Bank Holidays & Possible Martial Law!
In this interview with Paul Sandhu, exotic derivatives expert Rob Kirby explains why a complete systemic financial collapse is CERTAIN, with full-fledged bank system holidays & martial law coming! Rob […]
Continue readingBig Banks Are Being Hit With Cyberattacks “Every Minute Of Every Day”
What would you do if you logged in to your bank account one day and it showed that you had a zero balance and that your bank had absolutely no […]
Continue readingDavid Morgan: What do the banks know that the country doesn’t? Bank Run? System Failure?
David Morgan joins Ellis Martin to discuss JP Morgan Chase’s upcoming dictate to limit out of country wire transfers as of November 17, 2013. Will there be a bank run […]
Continue readingBank of Panama Reopens Without Incident
Last Friday the Bank of Panama (BancoNacional) announced a 5-day bank holiday, shutting down all banking systems ahead of the end of the month Panamanian payday, completely shuttering all wire […]
Continue readingFirsthand Update on Panama Bank Holiday
In the wake of yesterday’s breaking news that the Bank of Panama has closed for 5 days for a Bank Holiday, we reached out to SD reader PK, an ex-pat […]
Continue reading*Breaking: Panama Announces 5 Day Bank Holiday! Bail-in Imminent?
*Updated 4pm EST with notice to customers from National Bank of Panama’s website This morning the National Bank of Panama announced that it was suspending all services until Tuesday the […]
Continue readingEmergency G-7 Meeting: Elite Ready to Pull the Trigger?
The G-7 are meeting this weekend outside of London. This was unscheduled and can only be considered as an emergency meeting. I have maintained all along that a “bank holiday” […]
Continue readingIt’s head for “the mattresses” time for savers worldwide
Throughout the colorful history of organized crime in the United States, periodic eruptions of inter-gang Mafia violence have dotted the criminal landscape. When turf wars broke out between competing crime […]
Continue readingPeter Schiff: Cyprus Banks and the End Game
Money manager Peter Schiff says, “Cyprus is a wake-up call for everybody who has a bank deposit. . . . When you are depositor, you are in fact . . […]
Continue readingCyprus making ‘superhuman’ effort to reopen banks by Thursday
Cypriot Central Bank head Panicos Demetriades has just stated that Cyprus is making a ‘superhuman’ effort to reopen banks by Thursday. Assuming the banks do re-open Thursday (which is probably […]
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