Podcast: On the Objective – Lessons Of Black Monday For Future Financial Crisis – Chuck Coppes – 10.23.2018

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Thanks for joining us again On the Objective as your host Steven Menking welcomes back researcher, economist, and author Chuck Coppes to discuss the latest happenings in the world of global finance. This podcast was recorded on the 31st anniversary of Black Monday 10.19.1987, and we discuss how much – and how little – has changed since that time. The monetary system continues to be stretched thinner and thinner, and the real questions now are focused on the events that will transpire to precipitate a change in the structure of money as well as what the world will look like following another systemic event. Thanks for joining us On the Objective!

Chuck Coppes 

Website: http://chuckcoppes.com/
IDP Consulting Group: http://idpconsultinggroup.com/

On the Objective 

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Podcast: Tracking The Final Stage Of The Fiat Monetary System – Chuck Coppes – 04.26.2017

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Join Steven as he sits down again with Chuck Coppes of IDP Consulting Group to discuss the final stage of the current global fiat monetary system. The topics for this podcast include the debt ceiling, demographics, the North American Union, CS Lewis, social unrest, and Biblical prophecy. We hope you are informed, encouraged, and exhorted by this wide-ranging conversation.

Steven will be guest hosting The Hagmann & Hagmann Report on Thursday, May 4th and Chuck will be on as a guest during the second hour of the broadcast!

Listen to “Tracking The Final Stage Of The Fiat Monetary System – Chuck Coppes – 04.26.2017” on Spreaker.

Chuck’s Website: http://chuckcoppes.com/
IDP Consulting Group: http://idpconsultinggroup.com/

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The Amateur Society: Et Tu Deutsche – Is It Time For The Final Swan?

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Amateurs,

Our regular open call will take place tonight, Monday 10/03, at 8:00pm eastern time via Skype. To join in please send us a contact request on Skype by searching for our account name amateursociety. If you have any questions or need clarification, please drop us a line on the contact page here or email us directly at amateursociety@gmail.com.

Tonight we will be running through the latest in the Deutsche Bank saga. After a dramatic rescue of the stock last Friday based on a Twitter rumor which has since been shown to be demonstrably false, what does this coming week portend. Nerves are running high with default risk at new records. The banks in Germany are closed today, but will there be fireworks when they reopen or will this week be more subdued?

Bring your questions to our open forum and join us for another lively meeting of The Amateur Society. We look forward to having you with us. Stay safe and God bless!

-Steven

Deutsche Bank – Code Blue

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The analogy to Lehman Brothers strengthened overnight (09.28.2016) as Deutsche Bank CEO John Cryan sounded the all clear for the bank in an interview with Germany’s Bild magazine.

So everything must be fine, right?

For those who might be inclined to take Cryan at his word, consider that we’ve seen this exact scenario play out before. In 2008, Lehman Brothers CEO Dick Fuld incredulously bellowed that the bank was fully capitalized and that he would punish the shorts who were betting against the stock. Soon after, Lehman was no more.

But what could we expect Cryan to say?

Continue reading “Deutsche Bank – Code Blue”

New All Time Lows for Deutsche Bank – Critical $10 Threshold In View

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For those who may be tired of hearing about the woes of Deutsche Bank, I unfortunately cannot apologize at this time. It is necessary for me to continue cataloguing the adventures of the systemically important German bank because it is one of the key signposts that trouble is brewing. More accurately, trouble is being poured out with another batch brewing right behind it.

Despite reassurances from Deutsche Bank’s latest CEO, all is not well. The stock has lost almost 50% of its value in 2016 after a dismal performance in 2015 as well. So why is this happening now?

Continue reading “New All Time Lows for Deutsche Bank – Critical $10 Threshold In View”

The Global Two Minute Drill: What Happens When the Cracks in the Foundation Are Too Obvious to Ignore, Cover, or Patch?

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In the past I’ve written about how our economic and governmental institutions are currently maintained because of a perception of confidence. In A Collapse in Credibility I anticipated a hastening erosion of confidence in the Federal Reserve. Fast forward three months and even mainstream media outlets are questioning the effectiveness of the ongoing emergency monetary policy at the Fed in light of their lies concerning data dependence and their lack of direction. Some are even openly declaring that the unprecedented monetary policy pursued over the last decade has failed. While this was by no means a difficult forecast, to this day it remains opaque to those who hold on to the beliefs that the Fed has their best interests in mind, is focused only on its stated objectives, has the power to achieve its stated objectives, and provides accurate prognostications.

Continue reading “The Global Two Minute Drill: What Happens When the Cracks in the Foundation Are Too Obvious to Ignore, Cover, or Patch?”

Deutsche Bank Down Almost 10%

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An ugly year for Deutsche Bank seems like it could get a whole lot uglier. The stock of the systemically important bank holding over $70 trillion of derivatives is under significant pressure today. Overnight it was reported that the US Department of Justice offered to settle outstanding litigation and charges relating to the 2008 financial crisis and the mishandling of mortgage securities for $14Bn. Deutsche Bank refused to settle, and the uncertainty has put the stock back within striking distance of its all time lows from last month. The total market value of the stock is under $20Bn, making the proposed settlement fine extremely significant relative to the overall valuation of the company. This is a live situation, and we’ll see how this plays out. One thing is for sure: this will be a weekend filled with closed door meetings at a variety of financial, regulatory, and governmental institutions.

Instead of going forward with an analysis of the timing of this announcement from the DoJ at this moment, I’m going to wait to see how things unfold in the next 48-72 hours. By then we’ll hopefully have a clearer picture of what’s happening at a micro level and what the potential consequences are at the macro level.

Stay frosty, amateurs: ’tis the season of Lehman – bankrupt 8 years ago yesterday.