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Old 07-11-2016, 06:32 PM   #26
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After BREXIT the UK pound is much lower vs other currencies and gold .

It means that money borrowed overseas from traditional low interest
rate countries ( like Japan ) is suddenly much more difficult to repay .




Who were the biggest UK borrowers ?

Almost certainly British banks who made loans
in UK pounds then went to Japan to cover the loan with money costing
almost nothing . My guess is that BREXIT has screwed the UK banking industry .

Bear in mind that everybody has assumed the YEN will eventually
fall in value because of their massive debt to GDP ration . Hence
borrowing from Japan must have looked like a very safe bet to the
British .

Hence Bernanke is currently in Japan desperately seeking mechanisms
to lower the YEN vs British pounds .

Discussion of the Bernanke visit here .


IMO it is not going to be very long before the world realizes that
British banks are now in a world of pain .

In summary - The Yen is about to plunge .


( All of the above is just my speculation )

..
Attached Images
File Type: jpg 2016 07 12 UK pound vs gold 60 days.jpg (56.9 KB, 211 views)
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Old 08-05-2016, 12:40 AM   #27
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Chinese investors rescind on housing contracts in Australia
and lose deposits.


In this case ''Rescind'' is a polite word for ''default'' .

According to local developers it is a new phenomenon to see Chinese
investors default on this scale .

Apparently caused by difficulty in getting their money out of China .

I remind readers that Kyle Bass predicted some months ago
that China would start to experience serious foreign exchange
''issues'' around Aug 2016 .

Source article here .

..
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‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
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Old 08-06-2016, 06:22 PM   #28
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Source of charts.
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All paper is a short position on gold . “Gold is money. Everything else is credit.”

“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
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Old 08-30-2016, 07:29 PM   #29
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There are now many indicators suggesting we are over the peak of Ponzi
finance and on the way down .

Reality behind this rail traffic chart from China is likely far worse than
it looks for the simple reason that many of miles of track have
been laid every year since the chart start point of 2005 , much of it 'high speed'.



Chart source .

Below is a chart documenting the growth of high speed rail in China .
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Old 09-02-2016, 06:39 AM   #30
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Quote:
It Starts: Rents Drop in 10 of the Top 12 US Markets .
Quote:
Landlords are competing with a surge of new supply from new apartment
and condo developments. Incentives, such as one month free rent,
a rarity in hot markets like San Francisco, have reappeared.
And in some of the neighborhoods with new apartment towers, the “now leasing” banners are everywhere.
Extract source .

..
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All paper is a short position on gold . “Gold is money. Everything else is credit.”

“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
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Old 09-02-2016, 09:05 AM   #31
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We actually had a - THE big Developer apologize for over-building mega-apartments. I think that in ways they might be safer in that people who do not belong there really, really stick out. On the other hand, the saturation of drugs and alcohol create a dangerous atmosphere. Most of the common property quickly becomes polluted with human waste (for lack of a better term or group of terms). Keep in mind that each of these building have hundreds of big children with no parentals - it is like a 24 hour constant drug induced sex romp. The culture is right out of the bible.

NOW DON'T GET ME WRONG!!!!! That would have been fine when I was 14-19 - but I grew up. Now it just keeps me up at night when I am near it. Unfortunately, students die from it and get injured, and attacked every night.
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Old 09-02-2016, 09:12 AM   #32
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OK, thread drift. Sorry.

What happens is that it forcibly depresses the older apartment buildings. The lower rents that must be instituted in the older properties to continue operations cut into the maintentence budget first, and then into infrastructure replacement. Put another way, the building starts to fall down and the plumbing stops working, and the riff-raff moves in.

You start to see m ore actual kids and older retirees. Additionally, you see section 8 people and a bunch of people sitting on their porches because they can not afford to run the AC.

What is REALLY weird is when you get a note on the door saying your rent has been unilaterally reduced - with out notice, by 20%, just to keep you (Everybody) from breaking leases and running back to their parents.
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Old 09-26-2016, 06:36 AM   #33
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Quote:
Deutsche Bank Stock Plunges To All Time Low After Merkel Rules Out State Bailout; Default Risk Surges


Well Deutsche Bank is apparently stuffed anyway but a very low
share price means they will have great difficulty raising desperately
needed capital to delay the inevitable .

In other words the end game has suddenly moved much closer .

We are talking systemic banking contagion here , with unknowable
consequences.

However I recall reading , that in terms of direct impact , it has been estimated that
if Deutsche Bank goes under the effect will be about 5 times worse than when Lehman
failed , triggering the 2008/9 financial crisis ( not that anybody really knows , but hey
''5x'' is as good a bullshit figure as any other ) .

Source of extract .

Interestingly , because US imposed fines are an immediate and significant factor
in DBs current capitalization difficulties the fear of collapse must give DB some
leverage over US penalty claims . So Merkels refusal to organize a bailout could
be part of that negotiating tactic ( Think MAD - mutually assured destruction )

..
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“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche

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Old 09-29-2016, 04:32 AM   #34
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Oh nothing to see here .

Just the occasional hint of systemic risk .

It turns out that the most highly leveraged banks are also
the most interconnected .

So what is the big deal ? Well apart from a collapse of the
banking system guess who will be on the hook
for bailout money when the boilers burst and the ship sinks .
Yes dear tax payers , that would be you .



Source of chart and further reading here.

Isn't it great the way democracy works , Congress secretly commits you to debt because telling you
about it might make them a touch unpopular .

..
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‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche

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Old 09-30-2016, 07:18 PM   #35
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US heavy truck sales are plunging and there is a strong historical
correlation with US recessions .







Source

..
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All paper is a short position on gold . “Gold is money. Everything else is credit.”

“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche

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Old 10-12-2016, 08:37 AM   #36
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The world is drowning in unprecedented debt ( roughly $230 Trillion )
and there is a problem .

Specifically , to borrow most entities need collateral .

The problem is that the value of their collateral is now collapsing
mostly due to declining economic performance .

What does that mean ?

Well it means that if your lender now demands more collateral
to back your loan , you must comply .

Do I need to spell out the consequences of everybody forced
to raise capital and selling in to a market with collapsing asset
values ( I think not ) .

Why do I say all this ? Because tonight yet another example of
collapsing asset values appeared .

Below I give you below the stock price of Ericsson Telecom ,
after a bad performance report . There are many more Ericsson type
events about to appear on your viewing horizon .



Image source and the Ericsson story here .
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Old 10-13-2016, 12:52 PM   #37
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Thread has been moved to Economy.
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Old 10-13-2016, 09:02 PM   #38
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The economy of Singapore goes negative .




Source link .
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‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
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Old 10-14-2016, 10:31 AM   #39
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Hey Ross, not to sound needy or obtuse, but can you comment when you post graphs? I have a hard time getting your point sometimes. I know you are trying to say something - and I want to get what you are saying - I just need a clue - or better yet - a direct statement about what you are thinking.
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Old 10-16-2016, 09:11 AM   #40
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Andy ... Just one more indicator of the looming world wide economic
death spiral .

..
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“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
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Old 10-16-2016, 09:01 PM   #41
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Quote:
Originally Posted by Ross View Post
Andy ... Just one more indicator of the looming world wide economic
death spiral .

..
Merkel says she won't save Duetch Bank but then pressure from the EU makes her do it which, in real terms, means she's OK'd Rehypothication on a multi-trillion debt that can never be repaid. Hyper Inflation is the only result of such a move. And what follows Hyper-inflation boys and girls? WAR http://thisbluemarble.com/images/smi...unforhills.gif
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Old 10-17-2016, 01:29 PM   #42
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With all the manipulation and fraud within the Capitalist Financial System .....

All Theories Proven With One Graph
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Old 10-17-2016, 02:32 PM   #43
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Calm, I have a problem with your graph. There are a lot of different peanut butters.You just can not lump them ALL together. JIFFY or Jif does not count.
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Old 10-17-2016, 04:01 PM   #44
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Quote:
Originally Posted by andy View Post
Calm, I have a problem with your graph. There are a lot of different peanut butters.You just can not lump them ALL together. JIFFY or Jif does not count.
What about almond butter? Was it intentionally left out?
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Old 10-17-2016, 06:02 PM   #45
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PPL in power will do anything to stay in power hence the importation of 1.5 million muslims to Europe. They are not there to fill vacant jobs, their IQ is far to low for that and they won't work in a non-sharia job. The "rapeugees" are there to act as an islamo-fascist Gestapo against Europeans when the banks fall in an insane Faustian Bargain dreamed-up by the neo-NAZI-Merkel. The EUCB has just propped-up the Duetch Bank via re-hypothication because some Billionaires have yet to complete their blast shelters needed to survive the approaching genocidal conflict
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Old 10-19-2016, 08:39 AM   #46
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erudne said ...
Quote:
The "rapeugees" are there to act as an islamo-fascist Gestapo against Europeans
when the banks fall in an insane Faustian Bargain dreamed-up by the neo-NAZI-Merkel.
Kindly provide even the slightest bit of evidence
in support of that assertion . Frankly it is whacky .

Quote:
The EUCB has just propped-up the Duetch Bank via re-hypothication
because some Billionaires have yet to complete their blast shelters needed
to survive the approaching genocidal conflict
I am unaware that the EUCB has ''just propped-up Duetch Bank ''
nor via ''re-hypothication'' ( if there were such a word ) .
Correctly spelt Deutsche bank and Rehypothecation .
Please provide some evidence for your claims .


..
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Old 10-26-2016, 08:52 AM   #47
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Quote:
Investors Have Pulled $8 Billion From Deutsche Bank's ETF Unit
And the Deutsche Bank death spiral continues .

Source of extract .
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Old 11-02-2016, 03:16 PM   #48
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Source

..
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All paper is a short position on gold . “Gold is money. Everything else is credit.”

“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
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Old 11-02-2016, 06:23 PM   #49
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Ross, Please remember that I see what you write - but do not get what the significance of what you are showing is. Would you please comment a little bit so that I can learn?

Thanks!

Andy
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Old 11-03-2016, 03:52 AM   #50
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Andy ... I just posted that chart to show that the Deutsche Bank
dilemma is still boiling away and has not been stabilized .

I suspect ( but cannot prove ) that Brexit vote was a knife between
the ribs for Deutsche Bank and that when it happens DB will become a
ferocious bonfire .

..
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‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
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