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.