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

Did a series of banks not-so-randomly failing across Europe present a negative bellwether for another imminent 2008 Global Financial Crisis?  How would any average citizen know?  In this inaugural episode of Money and Fear, we’ll review a sampling of bank failures, weigh whether more institutions can and/or will fail, and what it all means for “systemic risks”, “contagion”, and other fun technical words used to nonchalantly summarize global economic mayhem.  We’ll also ask if there is any sense of a wider – or deeper – design to such wealth destruction which would seek financial asset consolidation as a political tool, believe it or not. Do not miss this one-of-a-kind show to find out what co-opted global governments don’t want you to know!

*Follow us here at Newsbud Twitter

**Subscribe here at BFP-Newsbud YouTube Channel

Show Notes

Newsbud Exclusive- European Bank Failures:  When Do They Go Globally Systemic, and Who Decides?

Collapse of Veneto banks would create systemic crisis: undersecretary

Italian Banks, A German Bank and The Euro

The Italian Banking Crisis: Fear of the Walking Dead

Trump’s America Is Facing a $13 Trillion Consumer Debt Hangover

JPMorgan Tells Banks to Partner Up as U.S. Deposit Drain Looms

Text #1:  Alchemists of Loss:  How Modern Finance and Government Intervention Crashed the Financial System by Kevin Dowd & Martin Hutchinson

Text #2: The Death of Money: The Coming Collapse of the International Monetary System by Jim Rickards

Text #3: The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis – Ibid.

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


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  1. spiro skouras says:

    We are excited for the long awaited launch of Newsbud’s own financial show, I would like to thank Pye Ian for the diligent work he put into this first episode. I have to say one of the qualities I like most about Pye is his enthusiasm. Just like any new show, we will work out any bugs as we start to get a few episodes under our belt. Thank you to all of the Community members for making Newsbud possible! Also we are down to the last 48 hours or so for our in house fundraiser, your support makes what we do possible! So chip in what you can, we greatly appreciate your support!


    • Mintaka says:

      Perhaps slightly off topic, but I agree with comments from other subscribers regarding the paywall.
      IMO, it needs to be removed, or at least reduced to only limited content.
      I think Newsbud has alienated itself by putting up that paywall. It seemed to be clearly shown after it was put up, pledges during the Kickstarter 3 campaign slowed down dramatically and also the in-house fundraiser has been sluggish to say the least.

      It certainly isn’t the Newsbud content that is at fault, it is 2nd to none with great articles from all contributors.
      This needs to be spread far-and-wide and the paywall is not helping with that.

      You may know that Paul Craig Roberts toyed with the same idea, to make his articles subscription-only based. He actually asked his subscribers for their opinion and the overwhelming response (including from me) was NOT to do it, for exactly the reason as I’ve just given, to make the information available to an as wide as possible audience.
      Yes, it means that probably only a minority of readers actually subscribe and pay for the content, but that is just something that needs to be taken into account.
      Meanwhile, please keep up the great work you, Sibel and the Newsbud team are doing. I hope this is possible with the current level of funding.

      Best Regards,

      • Ludovico Doebbeling says:

        In my case I did not collaborate to kick 3 because I had prev. collab to Kick 1 and 2 and suscribed with a yearly payment. Between last two items I believe it was close to 120 bucks in a couple of months. I felt I had done my part. On the paywall I suggest you try diff options. Maybe one could be show 2/3 of the vids free and if you want to see the last third, suscribe. You would be putting 66% of the info for free, and I believe it would help in spreading your good work. Just a suggestion.

  2. Andreas Hedqvist says:

    The so called rescue of the Italian banks circumventing the new European banking rules will prove to have been a mistake but not due to systemic risk but rather exposing how the SSM (Single Supervisory Mechanism) in reality does not work. I get the impression that Americans view European banks as being similar to US banks but that is actually not the case. Europe is far less integrated and there are far more medium and smaller sized banks, at least in northern Europe. While the US, UK, European and Japanese big banks are all in serious trouble, there are differences and one very important fact that most Americans fail to recognize is how the US Dollar has been abused for a long time as the most dominant world reserve currency. In reality the US has become used to having a free ride from foreign support of ever expanding debt. No other country has the same option and this is obvious when viewing countries that have attempted to follow the US method of government financing through expanding and spiraling revolving debt like Greece, Portugal and Spain. Even with all the risky derivatives the next crisis will probably not start with any large private bank or financial institution but when faith in public institutions starts crumbling. This is something that especially the US Congress needs to contemplate because unless public financial prudence is taken seriously it may soon be too late because faith in the US Dollar will be lost and then it is game over.

    • Thanks for your comment. Worth reviewing the accompanying article I posted alongside the program above, as it is packed with hyperlinked references, some of which outline how said systemic risks are actually very real vis-a-vis EU financial institutions, and how said risks can spread abroad.

      • Andreas Hedqvist says:

        Thank you Pye, I read your other article where the systemic risk and contagion is explained and it’s correct that if especially Deutsche Bank gets dragged in through its derivatives connections then a much wider net will be affected. I think most are now in agreement that the stubbornness of Spanish banks to not mark down their mortgage portfolios is the reason behind what we’re now seeing in Spain. The Italian bond market is similar in many ways to the Japanese in that the majority of holders are domestic and this makes the systemic risks (outside the border) less dramatic than assumed at first glance. It is clear that we are close to the precipice and any large credit event could easily set off a cascade of effects that would require completely new solutions.

  3. Montague Thielen says:

    Just finishing “The Web of Debt” by Ellen Brown. For the second time. Would highly recommend it to anyone who is searching for knowledge regarding the evolution of the banking cartels that essentially run the world today.
    There is no greater need in the arena of internet journalism than educating the masses on the fractional reserve banking systems and the endless spiral of debt that the super elite who own them have ensnared “us” with.
    I sincerely believe that this would be a worth while endeavor to put together a series dealing with the origins of money and markets in America, and how they have been usurped over time by the ruthless and relentless banking cartels.
    I have learned first hand that most Americans, even well educated people in various fields of endeavor, have no clue that the Federal Reserve Bank is not an official branch of the US government, but rather a privately owned and operated bank. Shocking to say the least.

    Good luck in your endeavors Pan. They are urgently needed.

    • Andreas Hedqvist says:

      Ellen’s book is a good read as is Griffin’s Creature from Jekyll Island but they don’t explain the whole story. It is true that the Federal Reserve System is a private institution that does not have the public’s best interest at heart, however, the Fed is not the main player behind the scene when it comes to market manipulation. The now infamous ESF (Exchange Stabilization Fund) is the shadow entity manipulating markets on behalf of the US Dollar with the impact and reach that dwarfs even what the Fed is capable of. It is disturbing to say the least. A very good synopsis of the ESF and its activities was made by Eric deCarbonnel and can be found e.g. here :

      What is clear right now is the fact that major economic powers have been selling treasuries in huge numbers for several years (China, Japan ..) but somehow these selloffs have vanished into a black hole and no official records can show who the buying entity is. Many are now starting to see that it is the ESF that has been buying them for absolutely stunning amounts and siphoning them off the books all to allow the Fed to continue to issue new ones that are also covered by the ESF. In other words, the US debt market has become a charade and it is just a matter of time until major market participants see this manipulation and throw in the towel. That is when the US Dollar fiat ponzi scheme has reached the end of the track. It is therefore no wonder that while this theater is still running the US is doing everything it can to use force to dominate and subvert contentious rivals like China and Russia because when the time comes to replace the US Dollar, the game is up and the US will have no possibility anymore. Russia is the bigger threat economically because China is much more economically entwined with the US. We are certainly living through interesting times.

  4. victor friese says:

    Um, one thing I would like to bring up is the volume. Pye’s voice tends to trail off. Please make it so it doesn’t because it makes it harder to hear what he is saying.

  5. victor friese says:

    Also, please cover student loans in depth. U.S. student loans that is. The U.S. is the only country perfectly willing to ruin the lives of its youth for the sake of greed.

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