Entries Tagged as 'european banks'

Cash for gold scam! BIS giving cash to European banks in exchange for their gold holdings

July 7th, 2010 52 Comments

Stacy Summary:   Unbelievable, truly unbelievable.  Wonder why the BIS is taking the gold as collateral from the European banks rather than just a paper promise?  Don’t the BIS know they can’t eat gold? European commercial banks have begun using their holdings of gold to raise cash with the Bank for International Settlements, in a [...]

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AIG’s $150 billion “capital relief” bombshell – CDSs Written to European Institutions to get around capital requirements

February 28th, 2010 71 Comments

Stacy Summary: Looks like a whole lot more financial chaos to come to Europe very soon. Bombshell in AIG’s 10Q:  “Capital Relief”

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Trillion euro showdowns, sovereign defaults and dirty wars

February 23rd, 2010 25 Comments

Stacy Summary:  h/t @paganrongs for the Faber headline.   All fits in with our theory that this year will be the next phase of financial collapse in which defaults and wars feature.  And, by wars, I include currency, trade, economic and financial conflict. (By the way, it sure sounds like that conference in Tokyo is a [...]

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