Federal Reserve Report Nov 2015 Banks are not Sound.
Scared pol/??
Here is link.
http://www.zerohedge.com/news/2015-11-10/us-banks-are-not-sound-fed-report-finds
“continuing gaps between industry practices and the expectations for safe and sound banking.”
This is part of an annual report they publish called the Shared National Credit (SNC) Review. And in this year’s report, they identified a huge jump in risky loans due to overexposure to weakening oil and gas industries.
Make no mistake; this is not chump change.
The total exceeds $3.9 trillion worth of risky loans"
there are three primary types of risk, at least from the consumer’s perspective.
The first is fraud risk.
This ultimately comes down to whether you can trust your bank. Are they stealing from you?
MF Global was once among the largest brokers in the United States. But in 2011 it was found that the firm had stolen funds from customer accounts
The second key risk is solvency. (think 2008)
The third major risk is liquidity risk.
But also... Public and Private Pensions and Retirements are under funded and used to balance budgets at the state level (plus federal guarantees payout like $5 Billion a year for Pensions gone bad already).
And FDIC Funding to insure $800 Billion is only in the $50 Billion dollar range.
2013 Total FDIC Trust Fund in Treasuries = $36.9 Billion + $18 billion in the DIF (Risky)
- 2013 Total National Credit Union Trust in Treasuries = $11.2 Billion
http://www.federalreserve.gov/newsevents/press/bcreg/20151105a.htm
http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20151105a1.pdf
2015 Shared Credit Program.
However, the review highlighted continuing gaps between industry practices and the expectations for safe and sound banking. Leveraged transactions originated within the past year continued to exhibit structures that were cited as weak by examiners. The persistent structural deficiencies found in loan underwriting by the agencies warrant continued attention.
The review also noted an increase in weakness among credits related to oil and gas exploration, production, and energy services following the decline in energy prices since mid-2014.
Overall, total SNC commitments increased $518.3 billion to $3.9 trillion, a 15.3 percent gain from 2014. Classified commitments as well as credits rated special mention--which exhibit potential weakness and could result in further deterioration if uncorrected--remained elevated at 9.5 percent of total commitments. Classified and special mention commitments increased $31.9 billion from 2014, or 9.4 percent, from $340.6 billion to $372.6 billion. Substandard dollar volume increased 18.5 percent from 2014, primarily because of deterioration in oil and gas commitments, and represented 5.8 percent of the SNC portfolio.
underwriting and risk-management processes in the leveraged lending and oil and gas sectors.
More on TPP.
TPP critical too.
Well Niall Ferguson states that we collapsed before from Globalism in the Start of World War I when Financial Globalism and other Trade halted. One week prior to the war... Everyone thought Globalism was here to stay!
https://www.youtube.com/watch?v=_42elJNXZmY
So maybe we are headed for war after all?
"The TPP is part of a triad of trade agreements that includes the Transatlantic Trade and Investment Partnership (TTIP) and the Trade in Services Agreement (TiSA). TiSA, by calling for the privatization of all public services, is a mortal threat to the viability of the U.S. Postal Service, public education and other government-run enterprises and utilities; together these operations make up 80 percent of the U.S. economy. The TTIP and TiSA are still in the negotiation phase. They will follow on the heels of the TPP and are likely to go before Congress in 2017."
Serious financial crisis
The Happening is Happening
>nobody on /pol/ cares because there are no niggers involved
http://www.youtube.com/watch?v=OEiyEbRbTAA
http://readersupportednews.org/opinion2/277-75/17466-focus-everything-is-rigged-continued-oil-companies-raided
>>55373294
minor fix
>>55374402
Oh there will be if the banking system breaks.
>>55373294
Nah, Donald Trump defends the FED so were good
MAKE
AMERICA
GREAT
AGAIN
>>55374861
far better
>drive down oil prices to fuck up Putin
>your own country's financial system collapses
>>55375047
Actually, as far as I know, Russians were just collateral damage here. The real reason Saudis are fucking up oil prices is to drive American fracking companies into the ground.
>>55375047
>thinking obongo directly had anything to do with oil prices
>>55375110
Not to mention Canadian oil production. Everyone knows that Canada hedged a nasty bet on the expense of building their tar sands operation. They're paying for it now though...
http://www.bloomberg.com/news/articles/2015-11-02/money-flooding-out-of-canada-at-fastest-pace-in-developed-world
... and with the abandonment of the Keystone XL pipeline, I'm sure the Saudi's are laughing their asses off.
>>55374861
Good Job.
I'm gonna learn how to do that one day.
>>55375305
Saudis probably paid Obama to chuck it.
>>55375305
The tarsands retards thought that oil was going to keep increasing by $10/year... $110 in 2015, $120 in 2016, $130 in 2017 etc. In the past few years it never crossed their minds that oil could possibly go down at some point in the future. The amount of group-think was astounding. I think a lot of it has to do with negative selection: ie smart people move out of Canada and retards stay.
>>55375411
Why spend the money on local oil when you can have Saudi oil on the cheap? The Saudis don't care. They practically have infinity dollars at this point. They can afford losses for a few generations probably.
>>55375110
I'm not sure.
who are the interest groups?
- Oil companies
- Neocons & neoliberals
- Pentagon, Right wing think groups, policy makers, Israel,
- Corporations & Wealthy Investors
Everyone can gain. Plus they still want to push back Russia and get more oil and gas access, enlist old USSR into new power structure, new intelligence and foreign military contacts
They seem to want to rule the world.
>>55375110
Fracking is getting cheaper and cheaper every year.
If that really is the Saudis' intention, they are pretty fucking stupid.
>>55375541
Yeah, I'm pretty sure your oil companies woke up from a syrup binge and lost their god damn minds, forgetting who controls the world's oil supply.
>inb4 Canada switches from an oil based economy to a weed based economy.
>>55375547
No it is good.
Our oil companies were acting like monopolies anyway. They needed shaking up.
Not sure how to answer about what is good for Canada. US should have found safe routes with better terms for farmers who have the land or work around without eminent domain.
Oil bubble popped. ANd clearly there was an oil bubble.
>>55375581
I have a feeling fracking will be a temporary player on the market as there will eventually be enough people that are angry about the effects of fracking. There will be some heavy lobbying that will have to happen to keep it from being outlawed. There are plenty of environmental movements that are pushing against the fracking companies. Time will tell if they will be successful in dissuading oil companies from spending their money on the costs of greasing the palms of legislators and if it is still cheaper than importing Saudi gas.
hm...wrong time to ask for raise in minimum wage.
>>55375775
The oil bubble popped only because of the Saudis taking action for their future interests. Things were fine as long as the value of oil (including the cost of production) remained the same.
Libs cheer Obama for lowering oil prices when really he fucked up the petrodollar by pissing off the Saudis with domestic oil production and a lack of commitment in using our military might to ensure Saudi interests in the middle east (Syria and Iran).
Oh oh another hack.
http://www.bloomberg.com/news/articles/2015-11-10/hackers-accused-by-u-s-of-targeting-top-banks-mutual-funds
>>55376511
>Things were fine as long as the value of oil (including the cost of production) remained the same.
I don't know I was seeing Opec Oil Supply Higher for Years and seeing WTI Oil and Fed Website showing oil high long before the crash.
Production was high in natural gas, so gas investors were very disappointed.
Production in gasoline was high since 2008 Crisis had down turn in global and US Demand. But US Production/Refining stayed high, so supplies were high.
And they were still reaming me on airplane tickets like the monopolies that they are.
>>55376183
A lot of foreigners invested in Fracking too.
It might be making big waves behind the scene some place.
>>55375547
I think I heard the Saudis are dipping into there Sovereign Wealth Fund.
The princes need regular allowances for a rich lifestyle, but think the problem is all the peons.
I think my chart here is billions, I just have it marked millions.
>>55376708
>>55376829
Well, it all might be intentional then. I mean the death of the petrodollar would certainly be the way to get out and stay out of the middle east, something Obama kept promising. Will his legacy be the complete and utter destruction of the dominance of the US dollar?
>>55374861
>>55376708
Also, air travel is practically a government granted monopoly at this point. An AA pilot friend of mine has had his pension cleaned out (something like a million or so) and he has no collective bargaining rights. What other civilian jobs besides Pilot can you list that you can be arrested over looking out for your own interests?
>>55377134
Wall street and the Central Bankers will pick the time to collapse like they did in 2008.
They are great at kicking the can, but they are not patriots. They may take their capital to China or Asia.
Once they decide, they will have a plan to put in place and people in place to initiate action.
If people wake up, they will take us to war.
Can the BRIICS resist actions to force war?
Looks like they have BIS, IMF, and WB to continue finance and trade in war. Plus international banking is very well developed at this point.
The other direction is a Putsch for a one world currency or SDRs.
What do you think? Do they have 3 alternatives?
- War
- One world Currency
- Global Government
>>55377528
You got me.
I didn't know that. Still hear about Air Traffic Controllers & Reagan though.
>>55377615
War is expensive and destroys potential investment both in labor and resources. So I don't think war is inevitable at all, unless we've got a crazy somewhere.
One world Currency already exists in a way... debt.
Global government... without getting too tin-foil hat... kinda also exists since competition between large international conglomerates forces policy more so than votes. Influence is the name of the game when it comes to the population. Who cares if 1/3 of the US is armed to the teeth? As long as you can placate them into being upset at the wrong people, it doesn't matter how stacked to the roof with ammo people are.
National borders are merely a formality. Which is why I am finding this whole migrant crisis in Europe so interesting. I mean here is the first time we see individual states fighting to keep their nations sovereign in a long time and how little they can do to stop the flow.
Did you buy that gold yet?
>>55378001
I'm kinda resigned at this point at the concept that the immigration crisis the west is dealing with is an attempt to weaken Europe's economy, placing more of a reliance on eastern powerhouses like China and also as a means of distraction for the coming global economic shift (I refuse to call it a crisis; this shit is planned).
The US will likely swing its petrodollar dominance rather than fully give it up... it just seems too insane that we wouldn't replace it with something. The US still has the best defense contractors in world under our roof and a host of natural resources. We're worth the investment.
The middle class is so fucked in the coming swing though in the US. Its nothing that any politician running for office in 2016 can do anything about. Looking at how many people are renting and at what age groups they are still renting at is evidence enough that the ownership of property will be conglomerated more and more. Why allow equity to be decentralized when something could be done about it?
In my city, the amount of rental properties owned by a singular company is staggering. I wouldn't be surprised if its the same in other cities.
>>55378001
Yeah that makes sense.
Augustines Laws contains one where eventually the USA can only aford one Jet Fighter which has to be shared between the services due to inflation.
The cost of the Iraqi war is not well known, but think people who looked would say $2-$3 Trillion or more without rebuilding Iraq(which I didn't think we really did, we wanted refugees to be forced out without resources).
So yeah. After all the killing of civilians, dirty war tactics, destruction of the economy, businesses, homes, and infrastructure tack on another $200 Billion for the people of Iraq.
We can spend nearly a Billion just to bribe our most important countries to be friendly.
Borders seem to be more important now.
Globalism seems very dangerous now.
Political Polarization seems dangerous now.
We need some founding documents and core values for all to hold on to. I don't see this in our Universities in all places. I don't see politicians as leaders who can join peoples in a nation now.
But here where I am, it is better than that I think. We have order here.
>>55378935
>properties owned by a singular company
I'm not sure, I did hear that some hedge funds had set up property funds to rent out. Someone is keeping homes off the market, and looks like that would mean buying tracts. The Chinese are buying Tracks and Niall Ferguson talks about the Chinese lending to America in a swing to a new trend in the last decade. Foreign ownership in the USA is $31 Trillion now. Ferguson said lit looked like the Chinese money actually was part of the last subprime housing bubble.
Yes. US Citizens are proud. They will want to keep their currency, USD. US people are conservative like that.
Pensions and Retirements keep getting underfunded and defeated by LIRP/ZIRP Interest Rates.
pay outs for Pension Benefit Guaranty Corporation (federal Trust Fund), 1999 = $1.23 Billion, 2000 = $1.35 Billion, 2001 =$1.37 Billion. Okay, but today 2010 = $5.59 B, 2011 = $5.89 B, 2012 = $5.86 B, 2013 = $5.89 B. There is a continual need to supplement Pensions. 2010 PBGC's deficit increased 4.5 percent to $23 billion (Liabilities beyond assets)
Teamsters Retirement was just cut for those that already retired. The Union lost power and lost membership required to pay into the fund. Plus LIRP interest Rates hurt fund growth.
Ferguson said US wanted to be the first Property Democracy with a house for everyone. So in the New Deal in 1938 we got low interest mortgages for white people. But in the Reagan years they reformed the act for Savings and Loans which then let interest rates fly and resulted in boom and bust in housing and the savings and loan crisis of the 1980s-90s. So no more property democracy.
>>55378945
>Augustines Laws contains one where eventually the USA can only aford one Jet Fighter which has to be shared between the services due to inflation.
lol. Not in our lifetime but eventually, sure. Unless we somehow all collectively agree to wipe away debts. Maybe that will be the first of the Global Default Wars fought entirely with property that other nations own. Maybe soldiers of the future will have multiple national/corporate flags tacked all over them like NASCAR sponsors. Sovereignty can't survive that.
>Borders seem to be more important now.
>Globalism seems very dangerous now.
>Political Polarization seems dangerous now.
Yep. Everyone who is paying attention knows this shit. The question is how many do and does it really matter? The War on Terrorism has been described to be similar to the 1984-style endless war. Terrorism doesn't have a face, so we can't fight it the same way we always fought any other tyranny in history. Likewise, those who are making these sweeping economic decisions with no regard to morals or ethics are faceless as well. We, the little people, only feel the vibrations of their movements and are subject to their actions.
>>55380133
>so we can't fight it the same way we always fought any other tyranny in history.
Yeah. The cost benefit of spending $500 Billion in Afghanistan to kill or capture 10,000 is way too expensive. Or whatever the numbers are. I know there were at least 30,000 Taliban in Afghanistan at some point.
That could be like $16 Million USD to one Terrorist.
>>55374402
Well no
I just don't want to be disappointed again by another false shemita
https://www.youtube.com/watch?v=mMFoJ0G-qug
a whole lotta money creation going on in Western Banking System.
They just plus up an Account to do it.
It is digital money now without any regulation really. Leadership doesn't understand that digital money is not fractional reserve lending.
>>55378945
>We need some founding documents and core values for all to hold on to. I don't see this in our Universities in all places. I don't see politicians as leaders who can join peoples in a nation now.
Ideology is like a warm blanket. You can make friends and business deals based off of it. You can base an entire economy off of it. It feels good to be behind something. But ultimately there's no purity of ideology any more. Liberty has been corrupted by the collectivist corporatism we have in America and other western nations: socialism for corporations and capitalism for the people.
Its obvious Universities are also corrupted. Producing a generation of authoritarian liberals who believe that they have all of the answers for all of the worlds problems just because they got a good grade from the regurgitation of politically-aligned values. Going full right with their education isn't the answer either. Knowledge should be neutral, but it isn't treated that way.
Politicians are largely talking heads for their sponsors and partners. There's a few that genuinely believe they're doing whats right by fighting potentially harmful legislation, but in the end its collective voices vs a few angry representatives. Or maybe they're just there to give us a false sense of hope. Who knows.
>>55374912
No he doesn't, from what I have gathered he doesn't seem to trust or like the Fed at all.
>FED screams "The sky is falling!"
What are the kikes up to, now?
>>55380506
If we don't use our bombs and ammunition, then the military industry doesn't have any reason to make more of it. And more importantly, the government needn't borrow money to buy it. The 1984 endless war may happen, but it will for the purpose of creating wealth for the bankers.
>>55380836
>Politicians are largely talking heads for their sponsors and partners.
Yes.
Yes, and people don't learn about Bias, so they can't think or look at studies or know themselves. No more logic.
But 6000 years ago they would carve the laws in stone. Today we have lawyers, Lobbyist, Bankers and Politicians that ruin simple laws and make careers out of complicated laws like the tax code or like Obama Care or like TPP, TISA, TTIP.
https://en.wikipedia.org/wiki/Code_of_Ur-Nammu
https://en.wikipedia.org/wiki/Code_of_Hammurabi
Who's blowtorching American jobs?
https://www.youtube.com/watch?v=SfTfsWhZi5E
The first episode of BestEvidence goes to the root of what’s happening to American jobs.
Fed Audit Shocker: They Come from Planet Klepto
https://www.youtube.com/watch?v=jt377DV2BKs
Ben Bernanke's Sovereign Deception
https://www.youtube.com/watch?v=RmPUKy-3OfY
https://www.minneapolisfed.org/research/wp/wp666.pdf
>>55381219
War doesn't need to happen to justify the investment into the military industrial complex there only needs to really be the threat of war.
> last two captchas: Oppenheimer cddredut and mteels melancholy
lol...
>>55381219
Yeah. All wars are bankers wars.
https://www.youtube.com/watch?v=p-0BPMwgKNA
https://www.youtube.com/watch?v=Vgoe1SOSKH4
https://www.youtube.com/watch?v=jZz_HEosWVY
>>55378587
How do you get capital formation or... build cities using gold backed currency is the question.
Urury has no limits in Western Banking. We had 19% fed interest rate in 1970s-1980s or maybe higher.
If we have to have usury why not 1% on student loans and 5% max on everything else?
If Gold backed money with gold valued at $10K or $20K... I guess bonds are valued the same way and sold with usury?
>>55374912
According to Roger Stone, Trump is in favor of moving back to the gold standard, and will supposedly be announcing more financial and monetary reforms in the future regarding it
Check out this interview with him, just ignore Alex Jones. If it's to be believed, then Trump will end up being the ultimate /pol/ candidate.
https://www.youtube.com/watch?v=Tveor3jjM7k
>>55375541
nah they just don't care lol
the people making decisions get golden parachutes bud
>>55381390
Thanks for these videos, anon.
>>55382089
>gold standard,
Could Trump be running with the RANDMAN as VP?
Cruz openly stated he wants the Gold standard as well....
>>55374912
Well Trump is going to have to set up a Rumblr account and schedule with the Rothschilds.
>>55373294
Small banks of course, but they probably think their huge joo banks are very sound.
World bank when
>>55375541
>The tarsands retards thought that oil was going to keep increasing by $10/year... $110 in 2015, $120 in 2016, $130 in 2017 etc.
Bloomberg Weekly had one analyst in their 2016 prediction volume who thinks oil will hit about $125; overall, Bloomberg is predicting end of year pricing of about $75-$80. I suspect we won't see $150/barrel until 2020.
>>55375047
How did our economy function when gasoline was under $1.50 a gallon? this is all bullshit.
>>55381390
Its pretty clear how the Fed will force the nation to absorb the excess reserves. We're in it for a series of bubbles while economies all over the world collapse, one after another. What's the end game? Is it really a complete Malthusian scenario do you think? I think its pretty obvious their regard for human life, despite it being the hand that is feeding them, is fairly low.
>>55387674
Because the base price of oil is entirely based on speculation.
/pol/ has been calling for a market crash for years and it's gonna be a lot worse than 2008, and worse than the great depression
>>55389489
then the need for higher prices is unrelated to an economy's health .. its all just gravy for speculators why lessening this frosting hampering growth if the profits from speculation are just used for further speculation.. its draining wealth from the middle class who support the meat of any economy.. its unsustainable.
>>55389679
Of course its unsustainable. Oil is just a commodity, obviously one of the most important, but still only part of a fabric that makes up a nation's economy and value to the global banking system.
What's important about oil, specifically, is the existence and dominance of the US dollar in the form of the petrodollar. This is what has given us a financial advantage in international markets. Our fiat currency's value is held up by our military industrial complex which develops weapons for the middle east and holds our feet to the fire when there is conflict that the Saudis don't like.
Oil dropped because the world economy is entering, or has entered, a recession. Businesses work years in advance, they cut their orders accordingly. Everyone flooded the market to keep market share.
Capital will go to China as China has firmer social fundimentals. Degeneracy is actively prevented here, despite what your liberal media tells you. Polution is a serious problem, as China is undergoing centuries of industrial revolution in decades.
China is now having the Great LeapForward that Mao dreamed of.
There's no conspiracy at play here, just market forces, market fundimemtals.
>inb4 joooos
>>55391443
>There's no conspiracy at play here, just market forces, market fundimemtals.
Are you calling the petrodollar a market fundamental or a nonexistent conspiracy?
Either way you are wrong, it's definitely the Jews.
>>55374402
Well the niggers do sort of come into it. The reason we can't weather a financial storm like Greece or Iceland is that the minute food stamps stop working there's essentially an army in every major city waiting to raise civilization to the ground. Other nations have weeks to figure out a financial snafu, we've only got days before shit hits the fan.
>>55391443
Oh hai China. If you think your nation is exempt from the degeneracy that stems from growth, you're not as educated as you may think. Your respect for your fellow countrymen has humanitarian organizations scratching their heads.
China has an important role to play, but really needs to modernize its military if its going to ever hope to enforce a globally traded currency such as that of the US petrodollar. I wouldn't be surprised if the US would start to bounce back our manufacturing after our eventual collapse by SUPPORTING China by selling our weapons of war as we cycle superpower dominance, as per the wishes of the international banks.
There IS a conspiracy at play, one that directs the flow of money and power. China will likely benefit in the future for a time, but as its rapid growth continues, its land suffers. At least in the US we have large swaths of land that are protected by our environmental agencies and put up for collateral for debt.
>>55373294
>Federal Reserve Report Nov 2015 Banks are not Sound.
>Scared pol/??
You have no idea how bad things are. No one does really. If you pay attention to what the people in the know are saying it's the uncertainty that's the actual danger. This is like sitting on a bomb and talking about when it will go off and how big the blast will be.
Nobody's talking about how we defuse it because everyone knows we can't. It will blow up. The economy will crash when the reckoning from the sustained bubble and debt economies comes calling.
>>55391443
>Oil dropped because the world economy is entering, or has entered, a recession.
>Capital will go to China as China has firmer social fundimentals.
No, it doesn't. The speculative markets in China are even greater than in the west. Moving manufacturing out to you gave you an industrial revolution, but it's all underwritten by the west.
Once we go critical China has no solid foundation to stay afloat independently.
