The mainstream news has been awash lately in talk over the danger of economic “contagion,” primarily due to lack of dollar liquidity in emerging markets. This lack of liquidity is being pegged as a trigger for instability in stocks, bonds and forex markets around the world, and this time around it is the nation of Turkey that is being called a potential trigger for a fiscal domino effect spreading through multiple countries. Continue reading Economic Contagion? Central Banks Are the Real Culprit
The $5.7 billion settlement for rigging the already rigged fiat financial institution is just a slap on the wrist for the banksters. The amount will never serve future deterrence for corruption but could easily be considered as part of the cost of doing business.
The penalty is just a mere drop of the $300 trillion Libor bucket.
Both China and Iran have jailed and hung a number of bankers for multi-billion fraud already. The United States has yet to prick the nose of one banker involved in at least $16 Trillion covert bailout scandal that has affected the quality of social services in the country.
Thanks, Karen, for the title 😉
Here’s the inconvenient details about the new G20 directive for those who have big deposits in their favorite banks.
Russell Napier Declares November 16, 2014 The Day Money Dies
Submitted by Tyler Durden on 11/12/2014 23:39 -0500