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Italy, the EU, Banking & Systemic Risks Rising

14-6-2018 < Boiling Frogs Post 106 889 words
 

Recent Italian political turmoil triggered telling volatility in stock markets globally, yet much is at stake regarding wider economic stability in this, a decade after the 2008 Global Financial Crisis. I.E. We’re not out of the woods yet from the debt-drenched mayhem of ten years ago, if you go by true, rather than assigned & advertised statistics, and the very nature of solvency for many institutions and thus political calm is all linked to delicately managed perception, rather than to core economic or certainly auditable financial fundamentals.  Should opposition, euro-skeptic governments come to the fore in economically beleaguered nations such as Italy, the EU project would be threatened and, in turn, confidence in both systemically and systematically important mega-financial institutions would turn on a dime.


In this 22nd episode of Money & Fear, and in the show’s detailed Show Notes as always listed under the videos on our website, expect an immediate reviewing of causal relations between political friction within a nation or region and the frail stature of overleveraged finance delicately supporting its political infrastructure, alongside those of counterparties across the Atlantic Ocean.  Would Italy dropping the euro currency, leaving the EU or certainly both in turn cause, say, a collapse of its banking sector, which in turn would domino to take out Germany’s largest lender Deutsche Bank, which in turn would negatively affect US megabanks, those who’ve brushed toxicities under Deutsche’s rug for years while treating it like a red-headed stepchild?  Is all this inevitable anyway, and hence are the ‘smartest money’ crowds & most privileged planners arranging for a necessary sense of “controlled chaos” to achieve more synthesized ends?  The latest Bilderberg Group meeting was held just last week in Turin, Italy.  Yes, Italy, not coincidentally.  I wasn’t in any of its meeting rooms, but know enough to know that the 0.0001% do not believe in coincidences…


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Show Notes


Isaac Newton's occult studies


‘The Last Magician’: Isaac Newton’s ‘Dark Secrets’


Newton's Third Law


The Italian Five Star Movement


Lega Nord


Bank of Italy chief says country risks losing ‘asset of trust’


Here’s why markets are worried about Italian politics — again


Global Markets Descend Into Contagious Panic As Italy Implodes


Spain’s leader Rajoy ousted in no-confidence vote with socialist party gaining power


Italian political crisis is a black swan testing the fate of European banks


Panic, Crisis In Italy: Dealers Pull Bids As Bonds, Stocks Crash; Euro, Deutsche Bank Tumble As Contagion Spreads


Which Banks Are Most Exposed to Italy’s Sovereign Debt? (Other than the Horribly Exposed Italian Banks)


European Bank Failures: A Bellwether for Another Imminent 2008 Financial Crisis


CDS as a measure of credit risk


Leading banks in France in 2016, by total assets (in billion euros)


How and When Will the Establishment Pull the Alchemical Plug on Deutsche Bank?


Deutsche Bank CoCo Bonds Plunge, Shares Hit Record Low, after US Entity Makes FDIC’s “Problem Bank List”


Deutsche Bank’s systemic risk puts Italian lenders in the shade


Leading banks in Europe as of June 2017, by total assets (in billion U.S. dollars)


Deutsche Bank’s U.S. Operations Deemed Troubled by Fed


Italy’s election resulted in political gridlock as expected — what that means for stocks


CNBC Italy Coverage


Russell Napier: The Rising Dollar Will Trigger The Next "Systemic Banking Crisis"


Market Plummets if Global Central Banks Pull Plug – Nomi Prins


U.S. 10 Year Treasury Note


Italy Generic Govt 10Y Yield - GBTPGR10:IND


Liquidity Crisis Coming: Here, There, Everywhere


Moody’s: ‘Particularly Large Default Wave’ Coming on Company Debt


World’s Top Market Survived Bailouts and Brexit Only to Face Italian Threat


Bank of Italy chief says country risks losing ‘asset of trust’


Here’s why markets are worried about Italian politics — again


U.S. banks may be at risk from Italy's political turmoil


Italy Turmoil Puts These 6 Bank Stocks at Risk


Papers


Bank for International Settlements - Basel Committee on Banking Supervision - Discussion paper - The regulatory treatment of sovereign exposures - Issued for comment by 9 March 2018


Books


Collusion: How Central Bankers Rigged the World by Nomi Prins


The Road to Ruin by James Rickards


Alchemists of Loss: How modern finance and government intervention crashed the financial system by Kevin Dowd and Martin Hutchinson


*For additional footnotes and links refer to the Newsbud article link above


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