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Post by Duc N Altum on Nov 22, 2016 13:03:29 GMT -5
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Post by Duc N Altum on Nov 22, 2016 14:00:40 GMT -5
Again, just to go over a comparison of the Britain exit, with an Italy exist. There was some big negative shifts that happened during the Bri-exit with central bankers meeting weeks before had to have things in place to try to have avenues in place to counter much more massive losses in comparison if they had not prepared.
Well the main thing about Britain, they were not directly attached to the Euro currency, they had their British pound currency. So the much bigger difference between a Britain exit and an Italy exit... is A TON MORE HORRIFIC.
1) Italy is directly attached to the Euro currency. And not only are they directly attached to the Euro currency... but Italy is the #2 economy in the whole European Union.... and the 8th largest economy in the world. So since Italy is directly attached to the Euro currency and how huge of a nation in pecking order economic strength... if they get out of the Euro zone.... that would or could most likely be a massive hit to the Euro currency.
2) Also... there are $72 trillion globally in currency derivatives. And the Euro is $27 trillion of that $72 trillion in currency derivatives. So if by some chance Italy did get out of the European Union... and they being directly tied to the Euro currency.... if they voted out and then separated from the Euro currency... then there could be the $27 trillion of currency derivatives in the Euro that could explode upon the Euro. Not saying this is going to happen, just mentioning in the present time of the possible cause and effects of if Italy moved in this direction and the possibilities that could come about. And with a very bad or already weak global fiat system...this could spread and ignite or compound the weakness of the global fiat system and help lead it to it's final moment. AIMO - Duc End of Euro in Italy: Renzi Faces Three Opposition Parties, All Rabidly Anti-EuroThe nannycrats in Brussels better be working on plan B. Plan A, never let a country leave the Eurozone, is set to fail, sooner or later, and in a country big enough to have massive repercussions.
On December 4, Italy holds a referendum that would give sweeping powers to the winner of an election. If the referendum fails, prime minister Matteo Renzi has repeatedly threatened to resign.
On December 5, it is increasingly likely that Europe could wake up to an immediate threat of disintegration.mishtalk.com/2016/11/21/end-of-euro-in-italy-renzi-faces-three-opposition-parties-all-rabidly-anti-euro/
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Post by Duc N Altum on Nov 26, 2016 2:31:11 GMT -5
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Post by Duc N Altum on Nov 26, 2016 2:32:59 GMT -5
Again, just to go over a comparison of the Britain exit, with an Italy exist. There was some big negative shifts that happened during the Bri-exit with central bankers meeting weeks before had to have things in place to try to have avenues in place to counter much more massive losses in comparison if they had not prepared.
Well the main thing about Britain, they were not directly attached to the Euro currency, they had their British pound currency. So the much bigger difference between a Britain exit and an Italy exit... is A TON MORE HORRIFIC.
1) Italy is directly attached to the Euro currency. And not only are they directly attached to the Euro currency... but Italy is the #2 economy in the whole European Union.... and the 8th largest economy in the world. So since Italy is directly attached to the Euro currency and how huge of a nation in pecking order economic strength... if they get out of the Euro zone.... that would or could most likely be a massive hit to the Euro currency.
2) Also... there are $72 trillion globally in currency derivatives. And the Euro is $27 trillion of that $72 trillion in currency derivatives. So if by some chance Italy did get out of the European Union... and they being directly tied to the Euro currency.... if they voted out and then separated from the Euro currency... then there could be the $27 trillion of currency derivatives in the Euro that could explode upon the Euro. Not saying this is going to happen, just mentioning in the present time of the possible cause and effects of if Italy moved in this direction and the possibilities that could come about. And with a very bad or already weak global fiat system...this could spread and ignite or compound the weakness of the global fiat system and help lead it to it's final moment. AIMO - Duc End of Euro in Italy: Renzi Faces Three Opposition Parties, All Rabidly Anti-EuroThe nannycrats in Brussels better be working on plan B. Plan A, never let a country leave the Eurozone, is set to fail, sooner or later, and in a country big enough to have massive repercussions.
On December 4, Italy holds a referendum that would give sweeping powers to the winner of an election. If the referendum fails, prime minister Matteo Renzi has repeatedly threatened to resign.
On December 5, it is increasingly likely that Europe could wake up to an immediate threat of disintegration.mishtalk.com/2016/11/21/end-of-euro-in-italy-renzi-faces-three-opposition-parties-all-rabidly-anti-euro/ Again, just if Italy were to EXIT the European Union...and they being the #2 strongest economy in the European Union...AND THEY USING THE EURO AS A CURRENCY... IF THEY WERE TO EXIT THE EU...THEN THAT WOULD MEAN THE EURO AS A CURRENCY TOO. I wonder what the effects would be if the #2 strongest economy exited the EU and mainly cutting ties in using the Euro as their currency....and to what effects that would have in the $27 trillion in currency derivatives that are specifically wrapped up in the EURO.
But moreover, what effect would this have when all of Italy's banks, small, medium and large... are on the verge of collapse anyway... and this would most likely do the job if all of this unraveled. And Monti Peshi would most likely go down in this, and they having direct ties to Deutsche Bank's derivative mess, would be interesting to then see the effects of Deutsche Bank to the rest of the too big to fail banks globally and that finally forcing the derivative moment to be addressed and handled/ dealt with.
Anyway, since the global market have no real liquidity in them and are all stuck in only operating in speculation for profit and or loss, it will be interesting to see how the markets will react to Italy if this does not go well with the current structure that is in place now in Italy if the vote does not favor the current establishment's wishes. It would be nice to see this as an excuse for the markets to nose dive big enough off of whatever speculation created if this did not go well and then the paralleling John Edwards hearing on Dec 16th and the Turino sentencing hearing on Jan 4th.... I hope could act out properly and finish this off. Or something else allowing the events needed to force the fiat shifting out and the new system coming in and Edwards and Turino's timing of their court hearings I am hoping could be the result ending this whole thing. Hoping. -Duc Italy NEXT to reject establishment as protest vote set to WIN referendum, shock poll findsNov 25, 2016As the nation prepares for a momentous referendum, which could spark an exit from the European Union, Mr Renzi said that he would have no interest in running the country if voters reject the proposed constitutional reform.
A Demos poll has revealed Mr Renzi's reforms will be rejected by an 11 percentage point margin in the south of the country - where most of the poorest regions are located - compared with a seven-point margin across the country. www.express.co.uk/news/world/735716/Italy-NEXT-to-reject-establishment-as-protest-vote-set-to-WIN-referendum-shock-poll-finds
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Post by Duc N Altum on Nov 26, 2016 12:24:14 GMT -5
Italy: The Biggest Elephant Jeopardizing Europe and the EuroNovember 25, 2016Not just the euro, but the entire European Union may be in jeopardy next week when the Italians vote on a constitutional referendum initiated by Prime Minister, Matteo Renzi.
What a Jubilee year it has been. First Brexit, then Trump and now it appears Italy is on the cusp of also escaping the grasp of the European Union.
After two years of directly covering trends involved with the disintegration of Western culture in my book Shemitah Trends, I can say with confidence that what has been built up is being torn down. That includes the European Union which will either gradually or abruptly collapse into various pieces. dollarvigilante.com/blog/2016/11/25/italy-biggest-elephant-jeopardizing-europe-euro.html
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Post by Duc N Altum on Nov 26, 2016 23:37:53 GMT -5
Monte Paschi who is also tied to Deutsche Bank, obviously is not doing well.
World's Oldest Bank Implements Bail In - Monte dei Paschi di Siena Wants Customers' Money
Published on Nov 26, 2016
Josh Sigurdson talks with author and economic analyst John Sneisen about Italian bank Monte dei Paschi di Siena's bail-in implementation as shares plummet. The bank is Italy's 3rd largest as well as the world's oldest bank founded in 1472 in Siena, Italy. While the bail-in is voluntary, it's an obvious sign of the times. This is historic news considering the bank's overall history. They've been through this before on several occasions, re-instituting and renaming after past crashes. It once again goes back to the horrors of fiat currency and debt. John Sneisen breaks down this complicated issue and the bank's history.
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Post by Duc N Altum on Nov 27, 2016 23:00:00 GMT -5
Italy: The Biggest Elephant Jeopardizing Europe and the EuroNovember 25, 2016Not just the euro, but the entire European Union may be in jeopardy next week when the Italians vote on a constitutional referendum initiated by Prime Minister, Matteo Renzi.
What a Jubilee year it has been. First Brexit, then Trump and now it appears Italy is on the cusp of also escaping the grasp of the European Union.
After two years of directly covering trends involved with the disintegration of Western culture in my book Shemitah Trends, I can say with confidence that what has been built up is being torn down. That includes the European Union which will either gradually or abruptly collapse into various pieces. dollarvigilante.com/blog/2016/11/25/italy-biggest-elephant-jeopardizing-europe-euro.html Up To Eight Italian Banks May Fail If Renzi Loses Referendum Nov 27, 2016 Just as we were concluding our write up on the return of Europe's solvency crisis, the FT reported that said crisis may be just around the corner because as many as eight of Italy’s troubled banks "risk failing" if prime minister Renzi loses next weekend's constitutional referendum and ensuing market turbulence deters investors from recapitalizing them, citing senior bankers. www.zerohedge.com/news/2016-11-27/eight-italian-banks-may-fail-if-renzi-loses-referendum
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Post by Duc N Altum on Nov 28, 2016 8:15:28 GMT -5
Economist Peter Schiff Warns that a Financial Crisis Bigger than 2008 is Coming
Published on Nov 13, 2016
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Post by Duc N Altum on Nov 28, 2016 10:30:18 GMT -5
Italy Banks COLLAPSING as BAIL-IN Preparations HAVE BEGUN!
Published on Nov 27, 2016
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Post by Duc N Altum on Nov 28, 2016 10:35:28 GMT -5
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Post by Duc N Altum on Nov 29, 2016 1:32:54 GMT -5
Trump is meeting with an ex-bank CEO who wants to abolish the Federal Reserve and return to the gold standard11/28/16As President-elect's Donald Trump's transition rolls on, more and more attention is being paid to possible selections for a variety of high-ranking positions and meetings that might help decide these appointments.
On Monday, Trump will meet with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute.
There have been reports that Allison is being considered for Treasury secretary.
Trump's has on the campaign trail questioned the future of the Federal Reserve's political independence, but Allison takes that rhetoric a step further. While running the Cato Institute, Allison wrote a paper in support of abolishing the Fed.
"I would get rid of the Federal Reserve because the volatility in the economy is primarily caused by the Fed," Allison wrote in 2014 for the Cato Journal, a publication of the institute.
Allison said that simply allowing the market to regulate itself would be preferable to the Fed harming the stability of the financial system.
"When the Fed is radically changing the money supply, distorting interest rates, and over-regulating the financial sector, it makes rational economic calculation difficult," Allison wrote. "Markets do form bubbles, but the Fed makes them worse."
Allison also suggested that the government's practice of insuring bank deposits up to $250,000 should be abolished and the US should go back to a banking system backed by "a market standard such as gold."
Allison also argued for higher capital reserves of up to 20% of assets at banks. On the other hand, he also argued that the government should repeal three of the broadest banking regulations.
"We should raise capital standards, but it is even more important to eliminate burdensome regulations — including Dodd-Frank, the Community Reinvestment Act, and Truth in Lending," Allison wrote. "About 25 percent of a bank's personnel cost relates to regulations. Banks cannot pay the regulatory costs and have high capital standards."
This is similar to Trump's desire to roll back regulation — including Dodd-Frank — on financial institutions, though he has since backtracked somewhat.
It is unclear if any of Allison's policy views will ultimately become a part of Trump's plan, but given the unconventional nature of his ideas, the meeting is notable. www.businessinsider.com/trump-meeting-john-allison-bank-ceo-abolish-the-fed-gold-standard-2016-11
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Post by Duc N Altum on Nov 29, 2016 1:46:24 GMT -5
Islamic gold standard to debut in December; price jump expected November 22 2016The long-awaited new Shariah Gold Standard is now set to be launched before the end of 2016 and expected to become the next big catalyst to push the precious metal to new highs – some analysts say even up to $3,000 an ounce in the medium-term, more than 2.5-fold of where the price currently stands. Islamic scholars at the Accounting and Auditing Organisation for Islamic Financial Institutions in Bahrain are reportedly in the final phase of creating an acceptable standard for Muslims to trade in gold, a regulation set to become effective next month that will allow Muslims to trade physical gold and gold-related financial instruments. The council is working with London-based World Gold Council on all technical and ethical issues.
The basic challenge to create a Shariah Gold Standard is that gold has been treated mostly as a currency in Islamic finance, limiting its use to spot transactions. Under Shariah law, gold is one of six items (ribawi items, the others being barley, dates, salt, silver and wheat), which are forbidden from being held onto with the intention of trading at a later date for an expected higher value. This means that, until now, Muslims could not trade gold for a profit, neither use gold-related investment vehicles such as gold index funds, futures and even mining stocks.
Muslims have always been allowed to own gold jewellery, though, but consumer demand for gold in the Middle East region has actually fallen in recent years. This is highly likely to change quickly. The key of the new Shariah Gold Standard is that gold is no longer seen as a currency, but as a commodity, and any transaction would be allowed under this circumstance as long as it is backed by real gold as an asset. The standard now also delivers a consensus on gold trading in financial instruments such as exchange traded funds or futures, which are halal as long as physical gold is delivered at the end of a transaction, ending the confusion and hesitation that was always part of gold deals in Islamic finance. It provides guidance from a Shariah perspective on the usage of gold in financial and investment transactions for Islamic financial institutions and participants.
According to the World Gold Council, the new standard will also serve as an internationally recognised consensus on regular gold savings plans, gold certificates and gold mining equities.
“The Shariah Gold Standard will highly likely bring a boost to the gold market and spur a new wave of product innovation in Islamic finance,” says World Gold Council CEO Aram Shishmanian, pointing out that until now, money managers within Islamic financial markets were limited to a few Shariah-compliant assets such as equities, real estate and sukuk as there were virtually no official Shariah-compliant gold products on the market. Thus, gold investments will now allow Islamic investors to diversify their assets more broadly, stabilising the Islamic financial market in the process. Once the Shariah Gold Standard is introduced, many market observers expect the gold price to take off since an additional 1.6bn Muslims, dozens of central banks and hundreds of Arab ultra-high-net worth individuals will be eligible to invest in gold. In addition, Muslim countries with weak currencies such as Malaysia, Indonesia and Pakistan, are expected to build up gold reserves to flatten exchange rate volatilities. Younger middle-class Muslims, who are looking for greater financial sophistication, might find it in Shariah-compliant gold options such as compliant gold exchange traded funds.
According to a Standard & Poor’s estimate, up to a whopping $3tn could flood into the gold market after the Shariah Gold Standard is introduced, propelling Islamic assets globally to $5tn by 2020.www.gulf-times.com/story/522050/Islamic-gold-standard-to-debut-in-December-price-j
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Post by Duc N Altum on Nov 29, 2016 2:06:01 GMT -5
Where Are We In The Business Cycle: A Troubling Chart From Morgan StanleyNov 28, 2016 According to Morgan Stanley, 2017 will be a year in which odds of a boom and bust have materially increased, consistent with a late-cycle US environment. So late, in fact, that one look at the chart below shows the US cycle has not only plateaued but is now stalling and is turning over.www.zerohedge.com/news/2016-11-28/where-are-we-business-cycle-troubling-chart-morgan-stanley
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Post by Duc N Altum on Nov 29, 2016 2:23:20 GMT -5
Bail In Risk – €4 Trillion Banking System In Italy Poses Contagion Risk as Referendum Looms11/28/16The Italian banking system looks vulnerable to collapse whether the referendum is passed in Italy or not. Were the referendum passed, it may allow senior Italian and international bankers to further ‘kick the can down the road’ and delay the inevitable.
Financial and economic contagion in the EU is the likely outcome of the financial and political mess that both Italy and other EU states find themselves in. The question is increasingly not if, but when.
Bail-ins are “now the rule” and depositors need to begin preparing by diversifying and not have all their ‘saving eggs’ in the ‘bankers basket’. www.goldcore.com/us/gold-blog/bail-risk-e4-trillion-banking-system-italy-poses-contagion-risk-referendum-looms/
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Post by Duc N Altum on Nov 29, 2016 3:11:59 GMT -5
Welcome To The Currency War, Part 23: Europe Will Devalue Or DissolveNovember 27th, 2016 No rest for the wicked. With the shockwaves from Brexit and President Trump still reverberating around the world, the established order is bracing for more bad news. Next up is a December 4 Italian constitutional referendum that might end the reign of centrist prime minister Matteo Renzi and replace him with a bunch of anti-euro iconoclasts from the Brexit/Trump part of the spectrum. Here’s an excerpt from a much longer, deep-context Guardian UK article:
As the air of insurgency becomes unmistakable, the technical debate over reforming a 70-year-old constitution is in danger of becoming a sideshow. Perhaps the most disturbing poll for Renzi found last week that only 40% of Italians say they will vote on the reform package; 56% consider their vote to be more a verdict on the prime minister, his government and, by implication, the state of the nation. dollarcollapse.com/currency-war-2/europe-will-devalue-dissolve/
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