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
‘The Last Magician’: Isaac Newton’s ‘Dark Secrets’
The Italian Five Star Movement
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
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’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
Russell Napier: The Rising Dollar Will Trigger The Next "Systemic Banking Crisis"
Market Plummets if Global Central Banks Pull Plug – Nomi Prins
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
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