Banks

Do not believe anyone telling you the European banking sector is healthy. None other than the European central bank, the ECB, is aware of the problem, having just confessed to it.

Venezuela’s gold holdings in the Bank of England have jumped after it closed out a gold swap deal with Deutsche Bank, according to two sources, as Britain remains reluctant to release gold held for the troubled OPEC nation.

The German government, usually against any form of interventionism, is pushing toward a merger between Deutsche Bank and the country’s second largest bank, Commerzbank.

The risk of holding cash or gold in a bank is increasing continuously. Later on I discuss the difficulties bank clients encounter in taking money or gold out of their bank.

In every crisis there is opportunity. The Greek word for crisis means to separate or sift and only keep what is worthwhile. And this is what the investors who want to survive the coming crisis must do. Get rid of all bubble assets AND BUY HARD ASSETS.

What constituted, up to now, worries in Italy, Spain, Portugal and, of course, Greece, risks happening in France as well. Bad loans, or non-performing loans, along with the risks they entail for the banking system, constitute a new danger that has to be seriously taken into account.

On the question of immigration, we are witnessing more and more divide within the European Union. One cannot keep, while witnessing all this confusion and frustration, from imagining what it would be like in case of a banking and financial crisis.

Banking mergers are absolutely not the answer to the banking problems today – in fact, they would constitute a dangerous leap forward.

As stated by La Tribune, “Emmanuel Macron wishes the implementation of the European Banking Union – a system for joint management of bank failures – to be finalised as soon as possible in order to draw lessons from the Euro zone’s debt crisis.” Well, alright, but why is it so urgent? Is the French P...

Many banks are ailing in Europe, notably in Italy, Greece and Spain, but Deutsche Bank, sitting at the core of Europe’s largest and most competitive economy, is like an atomic bomb that could spark a worldwide financial crisis, just like Lehman Brothers did in the past. Even Mario Draghi, ordinarily...