10/12/2014
Jester’s Place:
[Jester] U.S. And UK to test big bank collapse in joint model run
[Jester] SAY WHAT THE &*%^$&%?????
[Jester] Oct 10 (Reuters) - Regulators from the United States and the United Kingdom will get together in a war room next week to see if they can cope with any possible fall-out when the next big bank topples over, the two countries said on Friday.
[Jester] SO LET'S JUST STOP THERE FOR A SEC.... NOT IF... WHEN... THE NEXT... NOT AWARE THERE WAS ONE... BANK TOPPLES... NOW LULU... THAT IS SCARY...
[diditrvyeet] Jester so when it happens they can say they warned us?
....
[Jester] U.S. And UK to test big bank collapse in joint model run
[Jester] SAY WHAT THE &*%^$&%?????
[Jester] Oct 10 (Reuters) - Regulators from the United States and the United Kingdom will get together in a war room next week to see if they can cope with any possible fall-out when the next big bank topples over, the two countries said on Friday.
[Jester] SO LET'S JUST STOP THERE FOR A SEC.... NOT IF... WHEN... THE NEXT... NOT AWARE THERE WAS ONE... BANK TOPPLES... NOW LULU... THAT IS SCARY...
[diditrvyeet] Jester so when it happens they can say they warned us?
....
[Jester]
diditrvyeet NOT IF... AND THERE IS A NEXT ONE... NO ISSUE ABOUT IT BEING JUST A
WHAT IF....
[Jester] NOW.. HERE IT COMES... HOW THEY WILL FIX IT...
[Jester] Treasury Secretary Jack Lew and the UK's Chancellor of the Exchequer, George Osborne, on Monday will run a joint exercise simulating how they would prop up a large bank with operations in both countries that has landed in trouble.
[diditrvyeet] Jester you think they know when also
[Jester] Also taking part are Federal Reserve Chair Janet Yellen and Bank of England Governor Mark Carney, and the heads of a large number of other regulators, in a meeting hosted by the U.S. Federal Deposit Insurance Corporation.
[Jester] "We are going to make sure that we can handle an institution that previously would have been regarded as too big to fail. We're confident that we now have choices that did not exist in the past," Osborne said at the International Monetary Fund's annual meeting.
[Jester] Six years after the financial crisis, politicians and regulators around the globe are keen to prove they have created rules that will allow them to let a large bank go under without spending billions in taxpayer dollars.
[Jester] THANK YOU I SAY... LET THE RAT BARSTEDS GO DOWN THE TUBES....
[Jester] They have forced banks to ramp up equity and debt capital buffers to protect taxpayers against losses, and have told them to write plans that lay out how they can go through ordinary bankruptcy. The plans are so-called living wills.
[Jester] Because the failure of a big bank is such a rare event, regulators may not be used to talking to each other. There have also been suspicions that supervisors would first look to save the domestic operations of a bank, and would worry less about units abroad.
[Jester] THERE IS A LITTLE MORE.... READ THE REST HERE....
http://www.reuters.com/article/2014/10/10/banks-regulations-collapse-idUSL2N0S52LK20141010
[MotoXR] Jester that is the part I do not understand, why let Yellen and Carney there The wolves so to speak? To make sure they are in favor of it going their way? Or am I lost?
[Jester] MotoXR THEY ARE THE FED... THEY ARE NOT BEHOLDEN TO ANYONE... THAT IS THE ISSUE...
[MotoXR] Jester ok got it
[Jester] NOW.. HERE IT COMES... HOW THEY WILL FIX IT...
[Jester] Treasury Secretary Jack Lew and the UK's Chancellor of the Exchequer, George Osborne, on Monday will run a joint exercise simulating how they would prop up a large bank with operations in both countries that has landed in trouble.
[diditrvyeet] Jester you think they know when also
[Jester] Also taking part are Federal Reserve Chair Janet Yellen and Bank of England Governor Mark Carney, and the heads of a large number of other regulators, in a meeting hosted by the U.S. Federal Deposit Insurance Corporation.
[Jester] "We are going to make sure that we can handle an institution that previously would have been regarded as too big to fail. We're confident that we now have choices that did not exist in the past," Osborne said at the International Monetary Fund's annual meeting.
[Jester] Six years after the financial crisis, politicians and regulators around the globe are keen to prove they have created rules that will allow them to let a large bank go under without spending billions in taxpayer dollars.
[Jester] THANK YOU I SAY... LET THE RAT BARSTEDS GO DOWN THE TUBES....
[Jester] They have forced banks to ramp up equity and debt capital buffers to protect taxpayers against losses, and have told them to write plans that lay out how they can go through ordinary bankruptcy. The plans are so-called living wills.
[Jester] Because the failure of a big bank is such a rare event, regulators may not be used to talking to each other. There have also been suspicions that supervisors would first look to save the domestic operations of a bank, and would worry less about units abroad.
[Jester] THERE IS A LITTLE MORE.... READ THE REST HERE....
http://www.reuters.com/article/2014/10/10/banks-regulations-collapse-idUSL2N0S52LK20141010
[MotoXR] Jester that is the part I do not understand, why let Yellen and Carney there The wolves so to speak? To make sure they are in favor of it going their way? Or am I lost?
[Jester] MotoXR THEY ARE THE FED... THEY ARE NOT BEHOLDEN TO ANYONE... THAT IS THE ISSUE...
[MotoXR] Jester ok got it
Hannah] I did
find an article this morning that I found interesting:
http://www.examiner.com/article/russia-dumping-dollars-to-use-to-protect-currency-and-falling-oil-prices
[Hannah] As the United States expands its proxy war against Russia and the BRICS nations through a newly discovered secret deal with Saudi Arabia to force down global oil prices, Russia is firing back to this monetary attack against their currency and economy.
On Oct. 10, a new report on Russian currency outflows shows that during the third quarter ending in September, the Eurasian state paid off a near record $53 billion in foreign debt, and sold off dollars to use as capital to stabilize their declining currency,
[Hannah] and to protect their primary resource industry from the deflation America has caused through the dumping of excess oil into the market supply..
[Hannah] Some of this money was used earlier this week to support the declining Rouble as President Putin authorized the transfer of over $2 billion to be used directly to support the Russian currency. Additionally, the Russian central bank has already authorized funds to be set aside to supplement Russian corporations and oil industries should the need arise for liquidity and capital.
[Hannah] Despite the reassuring narrative from The West that Russia faces "costs" and is increasingly "isolated" due to sanctions for its actions in Ukraine, the most recent data suggests reality is quite different. First, capital outflows slowed dramatically in Q3 (from $23.7 billion in Q2 to $13 billion in Q3) with September seeing capital inflows for the first time since Sept 2013.
[Hannah] Second, Russia's current account surplus was significantly stronger than expected ($11.4 billion vs $8.8 billion expected) driven by increased trade.
[Hannah] Third, and perhaps most crucially, Russia paid down a massive $52.8 billion in foreign debt as Putin "de-dollarizes" at near record pace, reducing external debt to the lowest since 2012. – Zerohedge
[Hannah] Russia is not the only Eurasian nation de-dollarizing at a fast pace. Earlier this week as well, long time U.S. Economic ally South Korea disseminated that their foreign reserve holdings had grown in the Yuan over the past year, almost doubling its prior total of 13.7% which was the amount they held at the end of 2013.
[Hannah] These reserves replace former dollar holdings, and rise a huge red flag that the Far Eastern manufacturing center is quickly moving into the Eurasian Trade camp, and away from Western hegemony.
[Hannah] America's gambit to force down the price of oil is a ploy the U.S. Used in the late 1980's to destroy the Rouble, and tear down the old Soviet Union's economy. However, the Russian leadership is not stupid, and have realized for a long time that this was an Achilles Heel in their economic system, and this time, the tables are quickly turning against the U.S. As Russia simply dumps more and more dollars to use as capital to supplement their currency and industry during these short term attacks by the West in
[Hannah] their attempt to cripple them monetarily.
[Hannah] end
[clange] Hannah Great article
[Americana] Hannah good research and article
[lulu] Great article and I'm sure Russia's shaking as America has no gold
[Aunt B ] Hannah big smile! When I read articles like this... It makes me realize we're getting closer to our goal thank you for bringing it in!
[SoldierofChrist] did you see the article in Reuters World economies warn of global risks, call for bold action
http://www.reuters.com/article/2014/10/12/us-imf-economy-idUSKCN0I00P220141012
http://www.examiner.com/article/russia-dumping-dollars-to-use-to-protect-currency-and-falling-oil-prices
[Hannah] As the United States expands its proxy war against Russia and the BRICS nations through a newly discovered secret deal with Saudi Arabia to force down global oil prices, Russia is firing back to this monetary attack against their currency and economy.
On Oct. 10, a new report on Russian currency outflows shows that during the third quarter ending in September, the Eurasian state paid off a near record $53 billion in foreign debt, and sold off dollars to use as capital to stabilize their declining currency,
[Hannah] and to protect their primary resource industry from the deflation America has caused through the dumping of excess oil into the market supply..
[Hannah] Some of this money was used earlier this week to support the declining Rouble as President Putin authorized the transfer of over $2 billion to be used directly to support the Russian currency. Additionally, the Russian central bank has already authorized funds to be set aside to supplement Russian corporations and oil industries should the need arise for liquidity and capital.
[Hannah] Despite the reassuring narrative from The West that Russia faces "costs" and is increasingly "isolated" due to sanctions for its actions in Ukraine, the most recent data suggests reality is quite different. First, capital outflows slowed dramatically in Q3 (from $23.7 billion in Q2 to $13 billion in Q3) with September seeing capital inflows for the first time since Sept 2013.
[Hannah] Second, Russia's current account surplus was significantly stronger than expected ($11.4 billion vs $8.8 billion expected) driven by increased trade.
[Hannah] Third, and perhaps most crucially, Russia paid down a massive $52.8 billion in foreign debt as Putin "de-dollarizes" at near record pace, reducing external debt to the lowest since 2012. – Zerohedge
[Hannah] Russia is not the only Eurasian nation de-dollarizing at a fast pace. Earlier this week as well, long time U.S. Economic ally South Korea disseminated that their foreign reserve holdings had grown in the Yuan over the past year, almost doubling its prior total of 13.7% which was the amount they held at the end of 2013.
[Hannah] These reserves replace former dollar holdings, and rise a huge red flag that the Far Eastern manufacturing center is quickly moving into the Eurasian Trade camp, and away from Western hegemony.
[Hannah] America's gambit to force down the price of oil is a ploy the U.S. Used in the late 1980's to destroy the Rouble, and tear down the old Soviet Union's economy. However, the Russian leadership is not stupid, and have realized for a long time that this was an Achilles Heel in their economic system, and this time, the tables are quickly turning against the U.S. As Russia simply dumps more and more dollars to use as capital to supplement their currency and industry during these short term attacks by the West in
[Hannah] their attempt to cripple them monetarily.
[Hannah] end
[clange] Hannah Great article
[Americana] Hannah good research and article
[lulu] Great article and I'm sure Russia's shaking as America has no gold
[Aunt B ] Hannah big smile! When I read articles like this... It makes me realize we're getting closer to our goal thank you for bringing it in!
[SoldierofChrist] did you see the article in Reuters World economies warn of global risks, call for bold action
http://www.reuters.com/article/2014/10/12/us-imf-economy-idUSKCN0I00P220141012
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