All the Devils from 2008 Are Back at the Megabanks: Leverage, Off-Balance-Sheet Debt, Over $192 Trillion in Derivatives, Shaky Capital Levels

TL;DR: Derivatives Danger: Four major U.S. banks hold 87% of all derivatives, totaling $168.26 trillion. Dodd-Frank Failure: The 2010 law failed to prevent the return of risky derivatives practices. Leverage and Off-Balance Sheet Debt: Megabanks have excessive leverage and hide debt off their balance sheets. Financial Crisis Repeat: The current situation resembles the 2008 crisis, with risks like those …

READ MORE

Too Much Debt? Harris Proposing $1.7 Trillion In Spending Despite The US Begin $35+ Trillion In Debt And $218+ Trillion In Unfunded Liabilities (National Assets Of $213 Trillion Less Than Unfunded Liabilities Of $218+ Trillion)

by confoundedinterest17 Too much debt? Kamala Harris doesn’t think so. She is proposing economic policies costing $1. 7 trillion without sufficicent offsets. Harris is putting the US on the path to default, following numerous other badly managed nations, like Ukraine and Greece. And much of Latin America. The US is already at $35+ trillion with unfunded liabilties totalling …

READ MORE

U.S. hits record $17.8 trillion in household debt; credit card and auto loan delinquencies nearing 2008 highs.

U.S. household debt has reached a record $17.8 trillion as of the second quarter of 2024. This includes significant increases in mortgage balances, auto loans, and credit card debt. Regarding delinquencies, there has been a notable rise. Serious delinquencies (90 days or more overdue) for credit card debt have surged to 7.18%, and auto loan delinquencies have also …

READ MORE

A 0.25% rate hike triggered a -27% Nikkei decline, $6.4 trillion global stock losses. The Japanese Yen Carry Trade unwinding is only 50% complete, warns JP Morgan.

A quarter point rate hike from 0% to .25% caused a -27% decline in the Nikkei, wiped out all gains for the year and caused a global crash w/$6.4 trillion in stock losses. So far.https://t.co/VCez2pIbgq The global stock losses exceed the entire value of the Japanese stock market… pic.twitter.com/CKFGfuwxXw — Mac10 (@SuburbanDrone) August 6, 2024 …

READ MORE

We’re in a new regime: higher volatility, lower liquidity, global deleveraging. Risk assets face bigger price swings and downward pressure…. $6.4 trillion erased from global markets in the past 3 weeks.

The “pain trade” is back… That means for traders it's a good time to consider smaller position sizing, wider stops and much more discerning execution. – Smaller size to reduce total exposure – Wider stops to account for illiquid, volatile trading conditions – Discerning execution to limit overtrading — Markets & Mayhem (@Mayhem4Markets) August 6, …

READ MORE

Over $2 trillion wiped out from the US stock market so far today. A tldr of what‘s been happening on the market.

by theknowndudereturns The sharp rise in the JPY/USD is causing a massive unwind of Yen carry trade positions and contributing to the sharp decline in US stocks. For those who do not understand how this works, a brief explanation Many traders were borrowing Jap Yen (JPY) at low interest rates, converted them to USD and …

READ MORE

Over $2.9 trillion erased from major indices today amid global recession fears; worst since March 2020.

Over $2.9 trillion has been wiped out from major indices and stocks this morning due to growing fears of a global recession. byu/External-Noise-4832 inconspiracy Stocks sunk on Friday morning after investors were spooked by a weak jobs report. The unemployment rate fell to the lowest level in almost three years – hitting 4.3 percent in …

READ MORE

National Debt Passes $35 Trillion – Are We Close to the End?

The U.S. economy is headed in the wrong direction even faster. With debt growth outstripping economic growth this rapidly, should we put the dollar on deathwatch? From Peter Reagan at Birch Gold Group | Reading time: 5 minutes We are living through an incredible period of economic history in the United States. It should be discussed in …

READ MORE

China Rejects $1 Trillion Housing Rescue Plan Pitched by IMF

(Bloomberg) — Chinese authorities have rejected a proposal made by the International Monetary Fund to use central government funds to complete unfinished housing, dealing a blow to hopes for more forceful support to an industry that’s been a major drag on the economy. The IMF called on China to deploy “one-off” fiscal resources to complete …

READ MORE

US National Debt hits $35 Trillion

Interest payments on the debt now exceed national defense spending. Economists are divided on whether this debt poses a serious threat to economic stability or remains manageable with economic growth. Political debates focus on whether to cut spending or increase taxes to address the growing debt. 🚨🇺🇸U.S. NATIONAL DEBT HITS $35 TRILLION Interest payments on …

READ MORE

Peter Schiff: U.S. national debt surpasses $35 trillion, rising $7.2 trillion under Biden’s tenure… Elon Musk: This is crazy

The U.S. #NationalDebt just broke $35 trillion, up over $7.2 trillion since #Biden took office. It took 43 presidents 215 years to add the first $7.2 trillion. Biden did it in just 3.5 years. #Trump added a single-term record $7.8 trilion. Biden is on track to break that record. — Peter Schiff (@PeterSchiff) July 29, …

READ MORE

What Is The Fed Doing? Mortgage Rates Up 102% Since 2022 As The Fed Still Has A Long Way To Go In Shedding Its $2.4 TRILLION MBS Holdings

by confoundedinterest17 What’s it going to be? Mortgage rate increases or balance sheet (MBS) reductions? Since the Covid outbreak in early 2020, The Fed went wild with rate cuts and massive and unpredented balance sheet expansion. Let’s look at The Fed’s puchase of agency MBS and mortgage rates. From 2020 2022, The Fed continued to buy …

READ MORE

Harris-Biden Treasury Sec. Janet Yellen says their “transition to a lower carbon global economy” will “require no less than $3 trillion” each year

Harris-Biden Treasury Sec. Janet Yellen says their "transition to a lower carbon global economy" will "require no less than $3 trillion" each year pic.twitter.com/Ho5AoT3e9e — RNC Research (@RNCResearch) July 28, 2024 This idiot wants $78 Trillion to fight the weather. U.S. Treasury Secretary Janet Yellen said during a speech in Belem, Brazil, on Saturday that …

READ MORE

US Unfunded Liabilities Total $217.63 Trillion While TOTAL US National Assets Equal Only $210 Trillion (National Debt Equals $35 Trillion And Growing Awfully Fast!) Unfunded Liabilities 6.23X National Debt!

by confoundedinterest17 This scene from the film “McCabe and Mrs. Miller” sums up our political plight quite nicley. Politicians spend like crazy to stay in power (Biden/Harris) are excellent examples). Politicians promises endless money, then shoot the economy. The US is broke and relies on printing money and boowed funds to stay afloat. Harris wants to …

READ MORE

Big Tech’s $1 trillion dollar sell-off triggers worst day for stock markets since 2022

Has the day of reckoning finally arrived? Wednesday’s rout in tech stocks led by Tesla and Google parent Alphabet wiped a collective $1 trillion in value off U.S. equities, signaling a broad-based correction could be in store. Losses in the benchmark S&P 500 index and tech-heavy Nasdaq Composite endured their worst days since the fourth …

READ MORE

Interest on U.S. debt to hit $1.14 trillion, consuming 76% of income taxes this year.

According to a recent report, interest payments on the U.S. national debt are projected to reach $1.14 trillion this year, which would consume approximately 76% of all personal income taxes collected. This significant increase in interest payments is attributed to rising interest rates and the growing national debt. BREAKING: Interest Payments on U.S. National Debt Will Shatter …

READ MORE

Rick Rule: $100 Trillion Dollars in Liability; Why This is Far Worse Than Post Vietnam Dollar Crisis

“The U.S. dollar will lose substantial purchasing power in the next 10 years,” warns Rick Rule, founder and CEO of Rule Investment Media. During this year’s Rule Symposium in Florida, he explained to Daniela Cambone that exploding liabilities, including $100 billion in entitlements such as Medicare, Medicaid, and Social Security, are likely to greatly devalue …

READ MORE

Consumer sentiment is lower today than during the height of the pandemic lockdown in March/April of 2020. $2.1 trillion of US excess savings were spent in 3 years

Consumer sentiment is lower today than during the height of the pandemic lockdown in March/April of 2020. It is currently at levels traditionally seen during recessions. — Wealthion (@wealthion) July 14, 2024 THIS IS WILD: $2.1 trillion of US excess savings were spent in 3 years As a result, cumulative excess savings are now NEGATIVE …

READ MORE

Citigroup 2024: Disqualified by FINRA, failed Fed stress test, fined for risk management, $30 trillion in swaps.

Citigroup 2024 Recap⚠️ -Subject to FINRA disqualification for aiding and abetting -Failed Stress Test after Fed identified "weakness" in Resolution (Bankruptcy) Plan-Fined for bad books/inability to manage "ongoing risk" Did I mention they have $30 Trillion in Swaps? pic.twitter.com/ej4JQmhQ3X — M.B. (@741trey) July 11, 2024 Stress Test Results (2024): Citigroup completed the Federal Reserve Board’s …

READ MORE

There’s $38 trillion sitting in 401k’s/IRA’s. Where do you think the next money grab is going to some from by the US government?

Some great points in this video. It gets really good near the end. There’s $38 trillion sitting in 401k’s/IRA’s. Where do you think the next money grab is going to some from by the US government? Easy to do via taxes. Something to think about. pic.twitter.com/K9pCwjRP7t — QE Infinity (@StealthQE4) July 10, 2024 So many …

READ MORE

Property fraud allegations surge as commercial real-estate values fall, exposing schemes and shaking the $4.7 trillion industry.

via WSJ: U.S. prosecutors are cracking down on commercial mortgage fraud, a growing push that is sending shudders through the $4.7 trillion industry by raising questions about the numbers underpinning major property loans. Regulators and federal prosecutors say that property loans based on doctored building financials and valuations have been rising. This type of fraud …

READ MORE

Social Security is underfunded by $175 trillion. The “wealthy” will need to pay 7x US GDP in taxes to keep it solvent

Biden: "the wealthy should pay more to keep social security solvent" Social Security is underfunded by $175 trillion. The "wealthy" will need to pay 7x US GDP in taxes to keep it solvent — zerohedge (@zerohedge) June 28, 2024 According to the latest U.S. Treasury Department report, these programs are underfunded by a staggering $175 …

READ MORE

Student Loan Borrowers Owe $1.6 Trillion. Half Aren’t Paying…

After an unprecedented three-year timeout on federal student loan payments because of the pandemic, millions of borrowers began repaying their debt when billing resumed late last year. But nearly as many have not. That reality, along with court decisions that regularly upend the rules, has complicated the government’s efforts to restart its system for collecting …

READ MORE

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.