Euro slides on report about European Central Bank negative deposit rates

Reuters The euro tumbled across the board on Wednesday after a report that the European Central Bank is considering negative deposit rates to boost inflation closer to its target. Bloomberg reported that if the ECB decides to take the deposit rate for cash it holds overnight for banks into negative…
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Japanese Q3 Growth Tumbles As Abenomics Cracks Following Slide In Consumption And Exports

Zero Hedge Earlier today we reported that the Japanese cries of "more QE" have not only started but are getting progressively louder, when after a massive initial surge in the first half of the year following an epic currency dilution, the Nikkei's performance since May has largely been one big…
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“It Is High Time That Central Banking Is Recognized For The Disease It Is”

ZeroHedge by Pater Tenebrarum Hans-Werner Sinn On The ECB And TARGET-2 Winners and Losers In a recent editorial at German newspaper Frankfurter Allgemeine Zeitung (FAZ), Hans-Werner Sinn, president of Germany's IFO Institute and a prominent critic of the ECB and the euro area bailouts, revisits the topic of the euro-systems…
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Goldman Sachs appoints Zoellick Chairman of International Advisors

HereIsTheCity by Ian Bolland Goldman Sachs has announced that Robert B. Zoellick, former president of the World Bank Group, will serve as chairman of Goldman Sachs’ international advisors. In this role, Zoellick will advise the firm on global strategic issues and oversee the work of our 16 international advisors. He…
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And The Latest Firm Under Investigation For Currency Manipulation Is… Goldman

ZeroHedge With JPM having stolen the spotlight for every possible instance of fraud and market manipulation in the past year, it was easy to forget there are other prominent banks that engage in precisely the same deceptive practices as, well, everyone else. One such prominent bank is none other than…
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We Are Close to The End: “The Con Job Is Up”

SHTFplan by Mac Slavo We’ve seen decades of manipulation in the monetary, financial and economic systems of this country. And while most people have fallen hook, line and sinker for the recovery narrative touted by the establishment, the reality is a stark contrast to what they’re being told. As Jay…
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Untouchable Banks: The End of the Easy Life (I)

Strategic Research by Valentin KATASONOV The largest banks of Wall Street, the London City and other financial centers of the West have always been considered «Too Big to Fail». Such big-name banks were categorized as «untouchables», «sacred cows» which were destined to exist forever. And that is not surprising; the…
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Dylan Grice: “There Is A Widespread Perception That Something Is Very Wrong”

ZeroHedge Dylan Grice lets loose with his latest piece "The Language Of Inflation": We’ve recently come to the conclusion that there seems to be a widespread misunderstanding of what "capital" is. We happened to stumble across a fabulous book called Talent is Overrated (no sarcastic emails on why we were…
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Show Me The Lack Of Money: Global Corporate Cash Flow Slides To 2009 Levels

ZeroHedge The last time we looked at global corporate cash flow and capex as a percentage of G4 (US, UK, Europe and Japan) things were bad. Two quarters later, things have gotten much worse, with that purest proxy of true growth, or lack thereof, corporate cash flow (and not fudged,…
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Asst. Secretary of Treasury: ‘Ignored reality wiping out human race’

Washington's Blog by Carl Herman “The Federal Reserve could not care less about the US population. The Fed was established for the purpose of protecting and aiding banks. Currently, the Fed, as if America were a Banana Republic which America appears to be becoming, is printing one thousand billion dollars…
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After “Currency Wars” Comes “The Death Of Money”

Alt-Market by Luis Martin “The world is getting closer to that end game every day,” says Rickards, who just finished writing the sequel to his bestselling Currency Wars. In the winter of 2009, lawyer, investment banker, and advisor on capital markets to the Director of National Intelligence and the Office…
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Central Bankers Prepare to Flood the World with More Funny Money

The New American by Alex Newman Recent comments by the head of the Bank of England, the ’s powerful central bank, offered further evidence that Western central bankers are preparing to shower even greater quantities of fiat currency on private banks and financial institutions — all at public expense. Already,…
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Federal Reserve Says Banks Need to Brace For Economic Impact

Occupy Corporatism by Susanne Posel The Federal Reserve Bank (FRB) warned financial institutions to reserve on-hand cash, government bonds and all highly rated assets to survive a severe economic “downturn”. The FRB outlined essential “liquidity” requirements to ensure that cash can be assessed in an instant. Those financial institutions with…
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What Comes After “Bubble”: London Home Prices Rise By 10% In One Month; Shanghai Up 12% In One Week

ZeroHedge All those who claim there is no inflation, and a tsunami of hot central-bank money flooding the world, are advised to check out the housing numbers reported overnight by UK's property website Rightmove, according to which asking prices in London saw an "unsustainable" 10% month-on-month increase in October. This…
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How Central Banks Have Broken Fiscal Policy In One Sentence

ZeroHedge By now, and certainly in the aftermath of the embarrassing US government shutdown, it has become clear to everyone that fiscal policy is terminally broken as a process through which to reform and fine-tune the economy. But far from affecting only the US, fiscal policy has failed miserably to…
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Iceland: Revolution Under Bankers Guidance

Strategic Culture by Valentin KATASONOV  On and off media reports appear saying the so-called revolution in Iceland is an example of successful fight against the world financial oligarchy. In concrete terms it is all about the debts that Iceland owes to deposit account holders. The small freedom loving nation has…
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Alasdair Macleod Warns A Currency Crisis Is Dead Ahead

Peak Prosperity by Adam Taggart This week's podcast interview introduces a new monetary measurement developed by Alasdair Macleod: the 'Fiat Quantity of Money', or FMQ. Alasdair explains how FMQ is derived, as well as what it can tell us about the true levels of fiat money supply. In the case…
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JPMorgan To Pay Record $13 Billion Mortgage Settlement But Criminal Case Remains

ZeroHedge Under the guidance of Jamie Dimon, adjudged by the mainstream media to be the greatest banker the world has ever  known (hyperbole accepted), a late night Friday phone call (we assume not a drunk-dial) between Attorney General Eric Holder and JPMorgan's general counsel, confirms, according to the WSJ, that…
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3 Academic Studies Show that Quantitative Easing Doesn’t Help the Economy

Washington's Blog Fed Policy Hasn’t Worked Quantitative easing doesn’t help Main Street or the average American. It only helps big banks, giant corporations, and big investors. (In reality, Federal Reserve policy works … just not for the average American. And a lot of the money goes abroad). Lacy Hunt –…
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Confirmed: Chase bank drops the hammer on capital controls; no money allowed to transfer out of USA starting Nov. 17th

Natural News by Mike Adams I admit that when I saw today's breaking news on about Chase Bank limiting cash withdrawals and banning international wire transfers, I was skeptical. Many readers didn't believe it, either. So just to check it out, I called my own accounting team to ask if…
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How Safe is Your Money From Impending US Default?

Occupy Corporatism by Susanne Posel Last week, Christine Lagarde, managing director of the International Monetary Fund (IMF), announced that the global financial system is “not safe” after the fall of Lehman Brothers. Since then, the IMF is “concerned” about the Federal Reserve Bank (FRB) purchasing mortgage-backed securities (MBS) at $85…
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From Cascading Complexity To Systemic Collapse: A Walk Thru “Society’s Equivalent Of A Heart Attack”

ZeroHedge Over a year ago, FEASTA's David Korowicz stunned the world with his fascinating analysis titled "Trade-Off: Financial System Supply-Chain Cross-Contagion: a study in global systemic collapse," in which he shone a much needed light on the "weakest link" choke points of modern hyper-complex society: a forensic investigation into a…
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Wall Street Headhunter: “I Haven’t Seen Morale This Bad Since The Titanic”

ZeroHedge Say what you will about the quality of financial earnings in 2013 (and we have said quite a bit, making it very clear over the past three quarters that a substantial portion of financial "earnings" has been accounting gimmickry such as loan-loss reserve releases and other "one-time" addbacks which…
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US Banks Stuffing ATMs With 20-30% More Cash In Case Of Panicked Withdrawals

ZeroHedge Even as the fearmongering over the debt ceiling hits proportions not seen since 2011 (when it was the precipitous drop in the market that catalyzed a resolution in the final minutes, and when four consecutive 400 point up and down DJIA days cemented the deal - a scenario that…
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Enabled By ZIRP and QE, Banksters Continue Looting Instead of Building Capital

The Wall Street Examiner By Lee Adlers By Lee Adlers, The Wall Street Examiner One of the purposes of ZIRP was ostensibly so that banks could rebuild their balance sheets through suppressed funding costs allowing them to earn a wider spread and increased profits. Theoretically that would add to their…
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When Bubbles Fail: Albert Edwards Explains What Happens When The Fed Can No Longer Contain The Fury Of The “99%”

ZeroHedge The premise in Albert Edwards' latest letter "Is the Fed blowing bubbles to cover up growing again" is simple: the unprecedented social inequality in the US (and the rest of the world - as pointed out here), and what it will ultimately lead to. Regarding what it will lead…
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Gov Targets Private Bank Accounts: Seizes Funds Of Innocent Americans Without Charge or Trial

SHTFPlan by Mac Slavo Do you still keep a hefty portion of your savings in a bank? If so you may want to reconsider your options. Because if the following report from the Institute of Justice is any indication, nothing you hold in private bank account is safe anymore. Can…
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AIG CEO Compares Anger At Wall Street Bonuses To The Lynching Of Black People In The South

Liberty Blitzkrieg by Michael Krieger I’m doing God’s Goldman Sachs CEO Lloyd Blankfein in a November 2009 interview   It’s war. It’s like when Hitler invaded Poland in Steve Schwarzman, Chairman and co-founder of Blackstone, on potential tax changes in 2010   The uproar over bonuses was intended to stir…
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Libor lies: 13 giant lenders sued over the benchmark rate rigging

RT Reuters / Mike Segar JPMorgan Chase, Barclays, Credit Suisse, and 10 other world’s biggest international lenders are being sued by a US regulator for causing millions of losses to credit unions by allegedly manipulating the Libor benchmark rate. Five credit unions were forced to close after they received less…
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5 Years After the Financial Crisis, The Big Banks Are Still Committing Massive Crimes

Washington's Blog Preface: Not all banks are criminal enterprises. The wrongdoing of a particular bank cannot be attributed to other banks without proof. But – as documented below – many of the biggest banks have engaged in unimaginably bad behavior. You Won’t Believe What They’ve Done … Here are just…
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Why Obama Allowed Bailouts Without Indictments

ZeroHedge The following article by Janet Tavakoli is an excellent reminder of the extraordinarily destructive coup pulled off by financial oligarchs in fall of 2008, when the rule of law was suspended and total theft institutionalized. I have written many times about my experience on Wall Street when the bailouts happened.…
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Marc Faber Warns “The Endgame Is A Total Collapse – But From A Higher Diving Board Now”

ZeroHedge With rumors this evening of the White House calling around for support for Yellen, Marc Faber's comments today during a Bloomberg TV interview are even more ; Fearing that Janet Yellen "would make Bernanke look like a hawk," Faber explains that he is not entirely surprised by today's no-taper…
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FOMC Shocker: No Taper – Full FOMC Statement Redline Comparison

Zero Hedge It seems the Fed is so scared about something (despite every long-only asset manager telling us day after day that the economy is recovering and the US doesn't need crisis oh and can withstand higher rates) that they have gone against consensus and decided that Tapering now is…
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Big Banks Manipulated Gold and Silver Markets

Washington's Blog Gold and Silver Are Manipulated The Guardian and Telegraph report that gold and silver prices are “fixed” in the same way as interest rates and derivatives – in daily conference calls by the powers-that-be. Long-time trader Andrew Maguire told told King World News this week that 2 JP…
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Why Banks Failed

ZeroHedge Despite Hank Paulson's recent re-emergence basking in the glory of his miracle, the 'too-big-to-fail' problem is bigger and more prone to fail than ever before (M&A dominance, capital cost advantages, major AFS loss potential and huge reliance on repo funding). The following excellent infographic from The FT succinctly summarises…
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Five Years Later: 18 Dollars Of Debt For Every Dollar Of GDP; Total G7 Debt/GDP: 440%

ZeroHedge With everyone focused on the 5th anniversary of the Lehman failure, we are taking a quick look at how the world's developed (G7) nations have fared since 2008, and just what the cost to restore "stability" has been. In a nutshell: the G7 have added around $18tn of consolidated…
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Prepare For Tough Times If Your Job Has Anything To Do With Real Estate Or Mortgages

The Economic Collapse Blog By Michael Snyder If you have a job that involves building homes, buying homes, selling homes or that is in any way related to the mortgage industry, you might want to start searching for alternate ; ; Interest rates are starting to rise dramatically, and mortgage…
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