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Abu Dhabi does not allow England to buy more Barclays
The British government has found out that even if they want to help Barclays, by putting in more investment, they can’t. Turns out that a “clause inserted during the Abu Dhabi Royal Family’s investment in Barclays last October has made it pract...
England on a path with Stagnation
We have been talking about the United State printing money for some months now, but it looks like Britain has been drinking the same cool-aid. Someone will have to pay for these bailout outs. The Taxpayer. Regulation is needed, not protection, an...
Europe tries again, bailout part two
After the earlier efforts to stimulate leading have mostly failed in the United States and Europe, government across Europe are trying to “forcefully assure that bailed-out banks lend more money to offset the recession that has engulfed both contin...
Europe Wants to Printing Money too
It’s seems that Europe does not want to see American be the only country out there printing money, as it starts to leading more money to its banks, and lowers its interest rate once again. Seems that the gospel of Peter Schiff is lost of the le...
Continued changes in bank ownership (International)
United Kingdom In England, Lloyds TSB and takeover target HBOS have walked away from a pari of rights issues, which is now leaving the Bank of England with the bill, a staggering 17 billion pounds, which is needed to rebuilding the banks capital. ...
Short Squeeze: How Porsche hacked the financial system and profited
Want to know how to make money? Lets say you’re a high end automative producer, Porsche for example. Do you: Appeal to a broader demographic, create lower end vehicles leveraging technology in higher end cars Take advantage of lower wages an...
England cuts rates – Everyone wants to print money
In move that aligns it self closer to other modern economies including Japan, US, and Europe, the Bank of England has cut its benchmark rate by half a percentage point. The move is seen as an effort to help the struggling economy and provide further ...
Still, silence regarding OPEC? OPEC’s impending demise.
Back in September, Why Banks Fail reported on, what we thought was, the beginning of the end for OPEC. The post was called What About OPEC? While looking around at other financial sites I ran across a link to Are we watching the death of OPEC? on W...
Icelanders protest their Central Bank
What can you do? If your central government runs the nations politics and economics into the ground? No, not the US (yet), Iceland. Icelanders protested and stormed the central bank over economic tensions. “Iceland has seen its banks a...
CDO destruction would save banks, unfreeze credit markets, and destroy investors worldwide
Alan Kohler, of Business Spectator, wrote an article A tsunami of hope or terror?. The article covers what will happen if more companies go under. The Breakdown: A synthetic CDO cataclysm could save the global banking system (with horrible consequ...
Peter Schiff on the Bailout
Peter Schiff on Fast Money, the man who called the economic collapse in 2007, says what he thinks about the economy right now. “I think what’s happened in commodities and the dollar right now, is temporary …. these prices get sold o...
China Construction Bank stake increased by Bank of America
In an effort to control more of China Construction Bank, Bank of America(NYSE: BAC 15.33 11/17/08) has decided to exercise option this month to purchase additional shares of the Bank. This purchase will bring the stake in China Construction to 19.1%....
Recession in the worlds second largest economy, Japan.
“Japan, the world’s second-largest economy, has officially slipped into recession, hurt by weak export growth and steep cuts in corporate spending amid the worsening global slowdown.” Breakdown: GDP (Gross domestic product) shrank at a...
Russian Stocks Fall Sharply, Trading Halted
With oil prices reaching record lows (good to hear that for once?) — the Russian ruble has been falling. Russia’s main export is currently oil, which has fallen 63 percent in recent months. According to Russia Stocks Slide, Kuwait Shuts...
Where money falls for China’s $586 billion bailout
China had announced their massive $586 billion bailout a few days ago. Where will the money come from? China’s net exports are up, but that doesn’t account for $586 billion worth of cash. China has about $1 trillion of U.S. securitie...
