Tuesday, 16 December 2014

PAIN FOR US BANKS, EUROPE - FALL IN RUBLE AND OIL PRICE

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Russia is going to be importing less from Europe.

This hits the economies of the UK, France, Italy...

Russia is going to struggle to pay back loans to European banks.

This hits the economies of the UK, France, Italy...


Wells Fargo bank in the USA is among the top banks likely to be heavily hit by the fall in the oil price.

"Wells Fargo tops the list. It participated in $37bn of non-investment grade loans from 2012 to 2014. Only JPMorgan, with $31.7bn of deals, comes close."

Falling oil price poses new threat to banks.

Are certain people trying to bring about a 1929-style crash?

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4 comments:

  1. Anonymous17 December 2014 at 01:12

    the subject was just brought in the news here in Switzerland. It was stressed out, that the authorities in Russia have so far refrained, probably due to prestige thinking, from imposing restrictions to the free flow of the ruble. When Iceland was railroaded into financial crisis (by the very same forces as now Russia) their government imposed restrictions, which seem to work out quite well. One can only wonder, when Russia' s government is trying out these measures.
    Caveman

    ReplyDelete
  2. Anonymous17 December 2014 at 01:20

    https://www.youtube.com/watch?v=rJ9y1c73-IM&feature=youtu.be

    ReplyDelete
  3. Penny17 December 2014 at 06:04

    Hey Aang
    I have been writing on the topic of how the oil prices may be used to burst the equity bubble, possibly taking down the banks and triggering bail ins

    It all began in 2013 and has been picking up speed from what I can figure out
    limited of course by access to info

    http://pennyforyourthoughts2.blogspot.ca/2014/12/the-oil-coup-ussaudi-dirty-dealing.html

    http://pennyforyourthoughts2.blogspot.ca/2014/12/ellen-brown-global-banker-coup-bail-ins.html

    http://pennyforyourthoughts2.blogspot.ca/2014/11/banksters-global-haircuts-global.html

    http://pennyforyourthoughts2.blogspot.ca/2013/04/pt1-giving-canadians-and-everyone.html

    http://pennyforyourthoughts2.blogspot.ca/2013/04/pt2-giving-canadians-and.html

    Scary, scary!!! Dam scary

    ReplyDelete
  4. elwind4517 December 2014 at 09:44

    How is Saudis being mad about the fracking boom in America becoming about PUTIN? Bankers losing money because of surprise fall in OIL BULLSHIAT

    ReplyDelete