Thursday, December 31, 2015

Thursday roundup (12-31-15)

EU's trillion euro bank bail-outs are over: Taxpayers will no longer have to foot the bill for failing lenders as new bail-in laws call time on 'too big to fail' (The Telegraph) Happy New Year — Bail-In Passed for Europe’s Banks by Martin Armstrong (Armstrong Economics blog) A Crisis Worse than ISIS? Bank “Bail-Ins” Begin…”Your Life Savings Could be Wiped out in a Massive Derivatives Collapse”. by Ellen Brown (Global Research)

Head of Swiss Army Sees Rising Civil Unrest & Calls Upon the Country to Arm Itself by Martin Armstrong (Armstrong Economics blog)

     The aim of this blog is to show (mostly from reports in mainstream respected news sources) that there is reason to believe that both the United States and the global economies remain fragile in the wake of the financial crisis of 2008 and that a number of threats exist today that could, if they worsened, bring about economic depression -- not just a minor depression, but a depression worse than the Great Depression. Key threats include excessive risk-taking by financial firms, unchecked by effective regulation; the continued existence of "too big to fail" institutions; and most especially, the amassing of levels of public and private debt which could become unsustainable.

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