Tag: banks

What to Do NOW in Case of a Future Banking System Breakdown

| November 13, 2019 | Articles: Insights
What to Do NOW in Case of a Future Banking System Breakdown

The banking system may not be as sound we’ve been led to believe. It continues to get propped up through central bank interventions, which strongly suggests it wouldn’t be able to stand on its own. Last Thursday, the Federal Reserve injected another $115 billion into financial markets via “temporary operations.” The Fed is targeting the repo market in particular, through which banks lend to each other on an overnight basis. For some reason, banks have grown weary of committing liquidity to each other in what should be one of the safest lending markets on the planet. Perhaps they are being overly cautious. Perhaps they (or one in particular) are simply […]

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Like Jeffrey Epstein, Bullion Banks Get Sweet Deals from the Justice Department

Like Jeffrey Epstein, Bullion Banks Get Sweet Deals from the Justice Department

First, a bank’s commodities trading department takes metals investors for a ride like unwitting victims in the back of Jeffrey Epstein’s “Lolita Express.” Now federal prosecutors have extended the same sort of cozy non-prosecution agreement to shield the bank itself from a criminal indictment. Federal prosecutors signed a non-prosecution agreement in June with Merrill Lynch Commodities, Inc. (MLCI) and Bank of America (Merrill’s parent company) for rigging the precious metals markets. The U.S. Department of Justice (DOJ) found gold and silver traders working at Merrill Lynch had “schemed to deceive other market participants by injecting materially false and misleading information into the precious metals futures market.” The agreement references “thousands […]

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