Financial Markets and Money Warfare...
Russia is about to play its most dangerous cards – and the west is not ready... A few weeks ago, the US bank JP Morgan offered an apocalyptic warning that barely made a ripple outside the financial press. It said that if Russia completely halted oil exports, the shock to the world economy could be so large it would instantly quadruple the price of oil to nearly $400 a barrel. Right now, it’s hovering at around $100 a barrel.
Something is brewing.. holy maria.
JPMorgan gold traders used ‘spoof’ deals to cheat for years: ex-employee... JPMorgan’s gold traders cheated other market players for years by “spoofing trades” or manipulating the price of precious metals to boost their profits, a former employee testified to a Chicago federal jury Tuesday.
JPMorgan Chase earnings fell 28% after building reserves for bad loans, bank suspends buybacks... JPMorgan Chase said Thursday that second-quarter profit slumped as the bank built reserves for bad loans by $428 million and suspended share buybacks.
China On Verge Of Violent Debt Jubilee As "Disgruntled" Homebuyers Refuse To Pay Their Mortgages... While US snowflakes are all too happy to talk the talk (which remains free, even despite Biden's hyperinflation), Chinese residents are increasingly walking the walk. First, it was the violent outcry against mandatory covid vaccines that put an end to Beijing's desire to forcibly innoculate all Beijing residents in just 48 hours - a feat not all of America's armed militias have been able to achieve, and now it's a grassroots push for what appears to be a debt jubillee as millions of homeowners suddenly stop paying their mortgages, a shocking move that has sent shockwaves across China's capital markets and has sparked panic within China's political leadership circles.
US judge rules against SEC’s contradicting defense over Hinman speech in Ripple case... A U.S. judge has ruled against the Securities and Exchange Commission (SEC) in its defense of the infamous Bill Hinman speech, claiming that the regulator’s legal arguments were contradicting and hypocritical.
EU edges closer to ending 'too-big-to-fail' banks by 2024... The European Union's body for dismantling failed banks said on Wednesday it would ratchet up pressure on lenders over the coming months to bolster their defences so that none remain "too big to fail" by January 2024.
Bank of America Forecasts a Recession This Year with Economy Shrinking 1.4%... Bank of America has downgraded its expectations for the economy this year to include a “mild recession.”
RBI Unveils Rupee Settlement System For International Trade... The Reserve Bank of India unveiled a rupee settlement system for international trade, according to a notification on Monday.
Central Bank of France Eyes XRP as Basis for Digital Euro... CPA Australia has released a report that says the Central Bank of France is considering using Ripple and XRP as a potential platform for issuing the digital euro.
The Central Bank calls for the establishment of a sovereign fund “after the financial abundance”... The Central Bank of Iraq called for the establishment of a sovereign fund, after the financial abundance, while it was considered that the currency auction is a channel to provide hard currency for the imports of foreign traders.
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Consumer Prices Jump Sharply Again in June: Live Updates... Prices in June climbed 9.1 percent from a year earlier, the fastest pace since 1981, as soaring gas prices, rising rents and swelling grocery bills made everyday life more expensive for American households. The pickup in prices was broad and faster than expected, spelling trouble for the Federal Reserve.
JPMorgan Gold Desk Ripped Off Market for Years, Jurors Told... The precious-metals business at JPMorgan Chase & Co. operated for years as a corrupt group of traders and sales staff who manipulated gold and silver markets for the benefit of the bank and its prized clients, a federal prosecutor told jurors in Chicago.
Russia's Sberbank executes first digital asset issue on its platform... Russia's dominant lender Sberbank (SBER.MM) on Saturday said it had carried out the first digital financial asset transaction on its own platform, with its subsidiary SberFactoring executing a 1-billion rouble ($16 million) issue with three-month maturity.
Peter Hambro: BIS, Central Banks Are Rigging Gold Market Using Bullion Banks' Paper Gold... This week an intriguing and eye-opening article by the well-known Peter Hambro was published by British economics and politics news site Reaction.
400,000 Chinese Lose Their Life Savings Instantly... Officers in plain clothes disrupted a peaceful protest outside the capital of Henan, as seen in the video above. Depositors were protesting to demand that their savings be returned as thousands have been unable to access their money for over a month.
MASSIVE BANK RUN IN CHINA - TURNS VIOLENT!... China is on the verge of financial collapse. Chinese Banks stopped depositors from withdrawing money back in April and have not enabled withdrawals since.
This is huge. Don't know how this will end. Henan bank is NOT the only one that is having problems with liquidity. All four Chinese banks are having the same issue. Some depositors found they can save and can NOT withdraw money with their bank cards.
London Metal Exchange Abandons Attempt to Crack Gold Market... The London Metal Exchange will abandon its attempt to break into precious-metal trading after just five years.
Kevin O’Leary Warns Massive Crypto Panic Event Incoming, Predicts Much of Industry Will Be Wiped Out... Shark Tank star Kevin O’Leary says he’s expecting to witness a massive capitulation event that will trigger fear and panic among crypto investors.
US Regulators Release First of Many Reports on Crypto Following Exec Order... A group of US regulators urged the federal government to work with other nations as countries around the world grapple with digital asset regulation.