This long-standing monetary policy generates a massive and catastrophic perverse effect: banks are no longer profitable. In other words, this policy pushes them into bankruptcy. This is what no less than the IMF explains in a study from last August 10.

We’ve already talked about the banking crisis in Italy, with 360 billion € in bad loans, the equivalent of 22% of its GDP, an inordinate amount that leads us to fear the worst. The situation has been temporarily stabilised after a deal between the head of government and Brussels: a bailout plan has...

In the United States the Fed just allowed a defaulting bank to keep its clients’ collateral.

The Big Short consists in acquiring physical gold and waiting, knowing this could be lucrative in the short term if stock markets keep on falling, or will be lucrative longer term if central banks keep on printing paper money.

2016 is off to a very bad start for the stock markets worldwide: they have lost approximately 10% of their value since January 1st, one of the worst starts of a year in stock market history. Since their peak of last June, stock markets worldwide have declined by 20%, according to Bloomberg, which corresponds to 15 billion dollars in stock market value vanishing in smoke.

What will American banks do if their own existence is in jeopardy, due to major losses? Well, as a matter of fact, there is only one possibility left: draw from their clients’ accounts.

The collapse of four regional Italian banks (Banca Etruria, CariChieti, Banca Marche and Carife) is starting to take on alarming proportions.

Everyone must now be made aware that if a bank goes bankrupt, it will have the legal right to bail itself out by taking money out of your account, whether it’s in France or, very soon, in all European countries.

A crisis is not limited to a stock market decline because in such a case, an evaluation of the absorption capacity can be made and a return to normalcy is possible. It is also caused by a major default of an entity with no hope for recovery that may trigger a destructive domino effect. In short, a c...

The financial markets are “officially” and “with benevolence” manipulated by the central banks (zero rates, QE...) and illegally, in secret, by the largest banks... How can one trust the prices on those markets?

From now on, when a European bank goes bankrupt, the shareholders shall be the first to foot the bill (makes sense), then the holders of bonds issued by the bank (also makes sense) will be next in line, and if this isn’t enough, the bank will be allowed to use the money in their clients’ accounts directly – a real scandal, a challenge to the right of ownership, a legal hold-up.

The veil is being ripped... the Shanghai stock market crash reveals what the global financial markets would not dare admit: Chinese growth has vanished. Everyone was trying to believe that the official rate of 7% was real, that we could pin our hopes on it, that it would be the engine of the global...

There is not much risk in betting that this number is cooked, largely under-estimated, and that the financial media will be out of superlatives when the next official announcement is closer to reality.

An article in the Swiss newspaper Bilan published last week states that the weight of gold in the global economy amounts to $172 billion. This is a relatively modest number, slightly lower than Apple’s annual turnaround, for example. Is that all that gold weighs?

“Financial repression” destroys the economy from within. When an over-indebted country is unable to reduce its deficit (or refuses to do it in order to continue financing its voting constituency) it exposes itself to market defiance and fleeing investors. In spite of that, in order to avoid this nightmarish scenario, it uses its sovereign power to force available monies to finance its debt at very low rates.

The media silence should be noted regarding those bankruptcies in Austria, Germany, Andorra (always coming with the risk of contagion) and maybe Greece...

No, the crisis is not over and, from now on, banks will be bailed out by shareholders, bond holders and savers, and it will all be legal. Be warned.

Let’s follow Alan Greenspan’s advice and be certain that, once the – very abrupt – exit from the QE plans is realised

The massive deluge of liquidity from central banks in Europe, Japan and the United States (more QE, albeit with zero interest rate) is provoking a general crash in the risk premiums, which renders the markets practically blind.

The sudden burst of panic provoked last week by the Swiss National Bank (SNB) reveals that we have all become so addicted to the central banks’ doings that it is turning pathological.