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Is Your Bank on The Problem Banks List? Find Out.

Written by Gary North on December 5, 2011

There is an unofficial list of problem banks. There are 980 American banks on this list. Is one of them yours? Find out. Here is the unofficial problem bank list for Dec 2, 2011. (table is sortable by assets, state, etc.) Since the publication of the Unofficial Problem Bank List in August 2009, this is […]

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Big Bank Bailout: Why You Will Be Asked to Pay

Written by Gary North on November 30, 2011

The politicians in Europe are planning another summit meeting on December 9. The more summits they have, the more it becomes clear that they have no solution. If they did, they would need only one summit. Matthew Lynn nails it: “Every week we get another big search for a smart-sounding scheme to rescue the project. […]

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The Biggest Bailout of All Time Is Coming

Written by Gary North on November 30, 2011

The big banks of Europe are facing disaster if Italy defaults. Unless the European Central Bank starts inflating, and soon, Italy will default. Will Europe let the banks go under? I doubt it. The leaders will finally save the system by bailing out the banks. That is the problem. David Weidner explains. If you understand […]

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FED Bank Bailout Papers Prove the Tea Party Is Right

Written by Gary North on November 29, 2011

Bloomberg had to get a Supreme Court ruling to get the Federal Reserve to turn over 29,000documents on the 2008/9 big bank bailouts. Slowly, journalists are finding out what happened. They are also finding out why the FED refused to turn them over, as required by the FOIA law. MarketWatch reports: The Fed didn’t tell […]

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Which Governments Owe How Much to Foreign Banks?

Written by Gary North on November 29, 2011

Each nation’s government owes money to foreign banks. The foreign banks are threatened by a default — an “Iceland event.” The biggest debtor is the USA. If our government defaults, the West’s economy collapses. Which nation is most at risk today of foreign governments’ defaulting? France. France is Italy’s biggest creditor. But Italy is close […]

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The Daisy Chain of Banking: From Europe to the USA

Written by Gary North on November 29, 2011

John Mauldin monitors the markets. He is the author of Endgame. He also used to be my business manager. He is less apocalyptic than I am, but is is scary enough. Here is his latest assessment: I am constantly asked what my biggest worry is. What is the largest monster I think I hear in […]

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Half of Britain’s Leading Bankers Fear a Major Crisis Soon

Written by Gary North on November 28, 2011

We remember the weekend collapse of Lehman Brothers’ investment bank in October 2008. A recent survey of Britain’s senior bankers reveals that over half of them fear a Lehman-like event in Europe. [Note: “City” refers to the banking section of London that exists as a separate legal jurisdiction. It is shorthand for “Wall Street.”] A […]

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Bailout FOR the FED, Not from It

Written by Gary North on November 28, 2011

Remember this question: “Who guards the guardians?” I offer another: “Who lends to lender of last resort?” This is not hypothetical. The Federal Reserve is called the lender of last resort. In theory, it can always escape  an audit. It cannot be shut down. But this applies legally only to the Board of Governors, an […]

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Venezuela Takes Delivery of Its Gold

Written by Gary North on November 28, 2011

Socialist leader Hugo [OOgo] Chavez demanded in August that Venezuela’s gold be sent to it for safekeeping. The first delivery has taken place. It is customary for nations to leave their gold in storage, either in London or at the New York Federal Reserve Bank. It is rare for any nation to take delivery. Chavez […]

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