by
davefairtex
France
by
davefairtex
by
Chris Martenson
It's said that truth mirrors fiction. I'm finding this to be the case more and more these days.
Take the 1993 comedy Groundhog Day. Bill Murray wakes up each day to relieve the exact same daily circumstances and interpersonal interactions. He relives the same day, February 2, over and over again.No matter what he does, the repetitive cycle won't break. He goes to sleep, wakes up to his alarm, and it's the morning of Feb 2 again.
Likewise, in The Truman Show, Jim Carrey lives in a simulated environment where everybody's an actor in a popular TV show except him. For him, it’s his real life. But although he doesn't realise it, everything around him is completely scripted and fake.
If merge these two movies together, they perfectly describe the world in which we live today. Welcome to Groundhog Day meets The Truman Show. Let’s call this mash-up The Groundhog Show.
We're Living In 'The Groundhog Show'
by Chris MartensonIt's said that truth mirrors fiction. I'm finding this to be the case more and more these days.
Take the 1993 comedy Groundhog Day. Bill Murray wakes up each day to relieve the exact same daily circumstances and interpersonal interactions. He relives the same day, February 2, over and over again.No matter what he does, the repetitive cycle won't break. He goes to sleep, wakes up to his alarm, and it's the morning of Feb 2 again.
Likewise, in The Truman Show, Jim Carrey lives in a simulated environment where everybody's an actor in a popular TV show except him. For him, it’s his real life. But although he doesn't realise it, everything around him is completely scripted and fake.
If merge these two movies together, they perfectly describe the world in which we live today. Welcome to Groundhog Day meets The Truman Show. Let’s call this mash-up The Groundhog Show.
by
Adam Taggart
by
Adam Taggart
In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:
- Class Warfare
- Growing tenions between the rural/worker vs urban/financier classes
- Why The Yellow Vest Movement Matters
- It represents a populist anger brewing around the world
- Financialization & Globalization Are The Disease
- They give the elites tremendous advantage over everyone else
- The Empire Is Striking Back
- The global establishment is squashing unrest by every means it has
Chris continues to track the Yellow Vest protests across France Europe because it's representative of a populist ire festering around the globe. Decades of financialization and globalization have created a parasitic elite class that is bleeding the working classes dry.
France is emerging as ground zero for a rebellion against those elites. And the Establishment Empire is doing all it can to suppress the movement before it catches fire in other countries, as it is already threatening to elsewhere in Europe. How soon until we see folks don their own yelow vest in the US, UK, Canada and Australia?
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.
Off The Cuff: The People Are Rising Up Against The Elites
PREVIEW by Adam TaggartIn this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:
- Class Warfare
- Growing tenions between the rural/worker vs urban/financier classes
- Why The Yellow Vest Movement Matters
- It represents a populist anger brewing around the world
- Financialization & Globalization Are The Disease
- They give the elites tremendous advantage over everyone else
- The Empire Is Striking Back
- The global establishment is squashing unrest by every means it has
Chris continues to track the Yellow Vest protests across France Europe because it's representative of a populist ire festering around the globe. Decades of financialization and globalization have created a parasitic elite class that is bleeding the working classes dry.
France is emerging as ground zero for a rebellion against those elites. And the Establishment Empire is doing all it can to suppress the movement before it catches fire in other countries, as it is already threatening to elsewhere in Europe. How soon until we see folks don their own yelow vest in the US, UK, Canada and Australia?
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.
by
Adam Taggart
by
Adam Taggart
by
Adam Taggart
by
Alasdair Macleod
Executive Summary
- Spain: after tens of €billions in bailouts, its banks still need more
- Germany: its largest banks are ridiculously levered
- France: its banks are deteriorating fast with the sinking French economy
- UK: bail-ins are now on the table
If you have not yet read Part I: Europe's Precarious Banks Will Determine the Future available free to all readers, please click here to read it first.
Spain and Bankia
The true state of the Spanish economy (i.e., it is in depression) should be uppermost in our minds when we consider recent developments at Bankia, the Spanish mortgage bank formed only thirty months ago out of the wreckage of Spain’s regional mortgage banks. Bankia underwent a subsequent bail-out only a year ago and has been a continuing disaster, as shown by the share price in the chart below.
Having fallen from an adjusted €106 to only 68 cents as recently as last November, the share price tells us that Bankia is simply bust. The new G20 bail-in rules cannot have helped Bankia hold on to its deposits; the only deposits left should be those of the small depositors prepared to rely on government insurance.
The Cyprus bail-in precedent has undoubtedly made Bankia’s position worse than it would otherwise be. At March 31st Bankia…
Where Will the Minsky Moment Occur?
PREVIEW by Alasdair MacleodExecutive Summary
- Spain: after tens of €billions in bailouts, its banks still need more
- Germany: its largest banks are ridiculously levered
- France: its banks are deteriorating fast with the sinking French economy
- UK: bail-ins are now on the table
If you have not yet read Part I: Europe's Precarious Banks Will Determine the Future available free to all readers, please click here to read it first.
Spain and Bankia
The true state of the Spanish economy (i.e., it is in depression) should be uppermost in our minds when we consider recent developments at Bankia, the Spanish mortgage bank formed only thirty months ago out of the wreckage of Spain’s regional mortgage banks. Bankia underwent a subsequent bail-out only a year ago and has been a continuing disaster, as shown by the share price in the chart below.
Having fallen from an adjusted €106 to only 68 cents as recently as last November, the share price tells us that Bankia is simply bust. The new G20 bail-in rules cannot have helped Bankia hold on to its deposits; the only deposits left should be those of the small depositors prepared to rely on government insurance.
The Cyprus bail-in precedent has undoubtedly made Bankia’s position worse than it would otherwise be. At March 31st Bankia…
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