Topic: Monetary reset

In a Nutshell

The financialization of our modern day credit driven economy and the unprecedented explosion of debt in the past four decades have slowly but surely driven our monetary system to a dead end. Unless preempted by a major war, the impact to our society when the monetary reset unfolds will not be smooth.

We go into mid-level details on topics contributing to the monetary reset, many of which are not covered, intentionally or otherwise, by mainstream media in the hope that you won’t get broadsided by this financial pickup truck when it hits and complain “Nobody saw this coming”.

Bank of North Dakota Soars Despite Oil Bust: A Blueprint for California?

Lawyer and public bank advocate Ellen Brown describes how the US one and only state-run public Bank of North Dakota remains profitable despite the epic oil price collapse, and how a state as big as California can starts its own public bank without cost …

May 2, 2016

Austria Just Announced A 54% Haircut Of Senior Creditors In First “Bail In” Under New European Rules

First bank bail-in in action under the new Bank Recovery and Resolution Act took effect in Europe in 2016. Austria just announced its decision to bail-in senior creditors of failed Heta Bank. Highlights: 100% bail-in of all subordinate liabilities, 54% …

April 10, 2016

Canada Introduces Bank Bail-in Regime to Bail Out Failing Banks

Following the EU’s footsteps, the government of Canada introduces bail-in legislation to bail in depositors’ money in order to bail out future failing banks.

April 3, 2016

Deflation, Debt & the Monetary Reset

A confluence of driving forces nudges the global monetary system toward a reset, with deflation leading the charge.

February 13, 2016

Will Deutsche Bank Be Saved From Collapse?

Deutsche Bank shares tanking over 10% today (more than 30% since last Dec alone) is evidence that the market has finally awakened to the smell of the roses. DB, probably the most reckless too-big-to-fail bank for those who have not noticed, is merely a …

February 8, 2016

A Crisis Worse than ISIS? Bail-Ins Begin

Bail-in mechanisms in G20 countries enter implementation phase in 2016.

January 11, 2016

The Bail-Ins Are Back! Portugal Slaps Senior Bank Bondholders With €2 Billion Loss

Another bail-in. this time senior Portuguese bank bond holders are on the hook to bail out another failed bank.

December 30, 2015

A Crisis Worse than ISIS? Bail-Ins Begin

Bail-ins happening to Italian banks. Ellen Brown summaries how legislation puts depositors on the very bottom of the totem pole when a private bank fails.

December 29, 2015

Liquidity: Closing the Gate

Faced with mounting losses in their bond portfolios and massive redemption requests, mutual and hedge funds begin suspension of any and all redemption requests. The next phase of the junk bond crisis has begun.

December 13, 2015

Icelandic Bankers Are Not Too Big To Jail: Face 74 Years In Prison As US Bankers Bask In Bailouts

To date, 26 bankers in Iceland have been sentenced to prison for a combined 74 years among them, for their roles in the 2008 economic collapse.

September 9, 2015