On Monday, the German multinational investment bank –and the world’s 15th largest bank by total assets– started cutting thousands of jobs as part of an $8.3 billion overhaul announced one day earlier. The bank’s workforce is set to be reduced by 18,000 to around 74,000 employees by 2022, as Deutsche Bank scraps its global equities and trading operations. Deutsche Bank axes 18,000 jobs worldwide as part of $8.3bn ‘restart’ plan. The move has already impacted the bank’s shares, which started to fall after initial 4 percent gains on Monday. “The financial system is in trouble and this is just one sign of what is going on. This has happened in previous financial problems in the 1930s or the 1960s or the 1990s,” Rogers said in a phone interview with RT. He explained that central banks around the globe drove interest rates “to crazy levels,” and now we have to pay the price for that.
When Michael Lewis wrote The Big Short, he discovered that all of his various characters crawling over the mortgage derivative securities markets in the USSA kept asking one question? “Who is actually dumb enough to own this stuff?” The former corporation known as Merril Lynch was one answer. The correct one nearly as often was Deutsche Bank. So no, the global financial system isn’t in trouble. The people that use it poorly are simply performing as expected. Deutsche Bank will be heavily propped up by the EU. It will simply cover its losses via wealth transfer from Italy, Portugal, Spain and Greece.
The financial system would be in less jeopardy if Deutsche Bank were allowed to simply pocket the results of its deciaion-making processes. Instead, bail-outs keep capital in the hands of idiots. As long as people are afraid to let Deutsche Bank die, we know the answer to Michael Burry’s astonished and anguished question: “Who is actually dumb enough to own this stuff?”
The US Attorney’s Office in Manhattan says Epstein was arrested on Saturday and will be hauled in for arraignment sometime Monday. The indictment shows the feds want to seize the 66-year-old’s lavish townhouse at 9 E. 71st St. — a seven-story, 21,000-square-foot Upper East Side pad that is one of Manhattan’s largest townhouses and allegedly one of the venues for his sick sexual pyramid scheme.
Reading about the grotesque things this guy did to teenaged girls, I wonder how it could have given him pleasure. The whole #Pizzagate thing strikes me as a giant blackmail operation. The whole point is to get people you want control over on film with teenage girls who still have braces. Anyone care to make book on (((Epstein’s))) life expectancy in captivity?
Maurene Comey, daughter of former FBI Director James Comey, is reportedly a prosecutor in the new criminal case against convicted pedophile Jeffrey Epstein. This details comes out of a new CNN report. The source is described as a person “with knowledge of the case.”
Those who believe in The Cabal, do so for reasons such as this. I’m sure they just randomly assign competent and qualified people to try cases like these. Considering the strong political connections between the Clintons and (((Epstein) and The Clintons and James Comey, does anyone believe that this won’t involve sweeping enough dirt under the rug to grow a row of geraniums? Expect this to be handled with all of the professional impartiality we saw James Comey use in the Great Clinton Toilet Server debaucle.
In 2015, when the U.S. Women’s National Team beat Japan to take the World Cup in Vancouver, the Women’s World Cup brought in almost $73 million in revenue, of which the players got 13 percent — $10 million. In 2010, the men’s World Cup in South Africa made almost $4 billion, of which 9 percent — $348 million — went to the players. The men simply make more money for FIFA — boatloads more money. The men’s World Cup in Russia generated over $6 billion in revenue, with the participating teams sharing $400 million, less than 7 percent of the revenue. Meanwhile, the Women’s World Cup was expected to earn $131 million for the 2019-2022 cycle and give out $30 million to participating teams. That’s a whopping 22.9 percent!
There is a very easy way for Women’s National Soccer Team players to enjoy equal pay. Generate a fun and exciting game that rivals the men’s game. That way they too will generate $6B of revenue instead of $131M. Had they really been into equal pay and had given the men 23% of the gate when the Russian World Cup made $6B, the men would have been splitting $1.3B. It’s a good thing those FIFA piggies are all sexist brutes. Pay the men proportionally to the ladies, and a lot of the most talented and capable male players in the world would cash out and never run a 200 Push-Up Suicide again.
Teddy Kennedy, Joe Scarborough, Gary Condit, John Conyers, and many, many more. How many sexual reprobates have we had in Congress? At least 260.
When a member of Congress was accused of sexual harassment, the case went to a secret court known as the Office of Compliance. Hidden from public view, Congress’s Office of Compliance paid out over $17 million for 264 settlements involving misconduct and sexual harassment.
Let’s let sunshine be the best disinfectant. Let’s see who is making you pay for their perverted predilictions…
The Clintons are on the defense now like never before. Refusals by The Clinton Library to hand over any dealings with (((Epstein))), coupled with Jim Comey’s lovely and talented daughter being added to the Prosecution Team makes for quite the typical cover-up that we’ve come to expect from Bill and #FemaleCaligula. I’m thinking it doesn’t fly this time because the Dems would love to kill them off.
People who came here and underwent the full process to get US citizenship want it to mean something. People who sneak in, have criminal records that would impress the Gattis, or who just want to subsist in the shadows, will want to just use the system. Also, a lot of the older generation Hispanics in the US came here to get away from the ones crossing the Rio Grande today. Citizenship is a last line of defense for people who don’t want globalization and mass migration to destroy what they’ve worked for all of their lives.
France will introduce an “eco-tax” of up to €18 (£16.19) on tickets for all flights leaving the country, the government has announced. Transport minister Elisabeth Borne told a news conference that the €180m (£162m) it is expected to raise annually from 2020 would help finance daily transport, notably rail, in the country. The new tax will range from €1.50 for short-haul flights and up to €18 for long-haul journeys in business class.
Cool. Reduce demand for round-trip tickets from French airports abroad. This will fund a nice resentment fund aimed at anyone successful enough to take a foreign vacation. After all, anyone who does anything better than I do truly causes Global Warming. The science is settled, mon ami.
Am I the only guy who thinks that several government officials in Great Britain would only shed crocodile tears if Robinson is correct? Many inconvenient men have died in jail.
Epstein’s “business” might have involved people an order of magnitude richer than that who were facing consequences much more severe than a sexual harassment suit if their behavior with minors was found out. He could have named his price theoretically from some of them. And that feeds into the “intelligence asset” theory: If Epstein had life-destroying evidence against powerful men abroad, obviously that would be of use potentially to U.S. intelligence. It might also explain how Epstein managed to avoid being killed by any of these powerful blackmailed men. Maybe he was being protected somehow by people with the means to provide protection. Or maybe he let it be known to his blackmail targets that he’d already shared the evidence with U.S. intel and any attempt to harm him would result in them using it.
(((Epstein))) must be a very creepy and frightening human being to know on a personal level. Acosta was well convinced that he would have died had (((Epstein))) been convicted of anything life-wrecking. The ability of a high-end pimp to drop the hammer on public officials tells us everything we need to know about why morally corrupt individuals really should be impeached. Even if it is “just about sex.” It’s never just about the intercourse. (((Epstein))) may well be empowered to make policy when he so chooses thanks to the perverted appetites of powerful customers.
“The party in my opinion, for me personally, has moved too far to the left,” Johnson, the founder of cable network BET and RLJ Companies business network, told CNBC’s Hadley Gamble Tuesday. “And for that reason, I don’t have a particular candidate (I’m supporting) in the party at this time,” he said. “I think at the end of the day, if a Democrat is going to beat Trump, then that person, he or she, will have to move to the center and you can’t wait too long to do that.”
The left failed to whomp-whomp Kanye hard enough. It didn’t pay off short term, but Trump’s investment in courting wealthy and powerful minority celebs has helped make the Progressive Left deal with unwanted friction. Identify any reasonably-sized fraction of the Dems would support #FemaleCaligula, but not someone too much farther to the Left, and Donald Trump’s enemies are now fighting amongst themselves.
On March 20, 2016, guests at Warner Bros.’ Batman v. Superman: Dawn of Justice premiere in New York began whispering about one man mingling among the A-list crowd. No, it wasn’t the film’s Ben Affleck or Henry Cavill, or Affleck’s hulking bodyguard, who almost knocked over the studio’s former marketing head Sue Kroll as the VIP area became too crowded. The surprised looks were aimed at Jeffrey Epstein, who was being introduced to guests by New York society doyenne Peggy Siegal. When a Warners executive was asked at the time how a highly recognizable level-three registered sex offender landed the hottest ticket in town, the executive offered no comment.
That’s predictable. (((Epstein))) was on speed-dial all over HollyOrc. We’re talking Kevin Spacey Country here. All scumbags eventually become radioactive, but you can learn a lot seeing who hangs with them until they are too hot to be seen with.
In USSA Social Media uses you. Seriously. If you are encouraged to use some service free of charge, then you are the product instead of the customer. This from the belly of the Silicon Valley beast.
Steve Wozniak has a warning for anyone who uses social media … the platforms are eavesdropping on your private conversations, and sending that precious data to advertisers.
We got Steve at Reagan National Airport in D.C. Friday and just had to ask him if he’s worried about Facebook, Instagram and others infringing on his privacy … the Woz says he’s terrified, and you should be too!!!
The world of 1984 may well be a private sector creation. “Alexa, how many government officials listen to people in my house through you every day?”
Ross Perot was the first modern presidential candidate to cut through both sets of party lines and reach out to the monster vote. Perot’s ferocious opposition to the NAFTA trade deal, and all economic policies against U.S. interests, was the center of his campaign. There are striking similarities between President Trump and Ross Perot particularly around America-First trade deals and prioritizing policy for the American worker.
Back in 1992 I believed H. Ross Perot was The Devil. He gave us Bill Clinton; I deluded myself. Then in 2016, I woke up on the wrong side of the floor one morning and voted for a GOP Candidate with a very similar set of political views to that poor guy I called a nut-job 24 years before. I like to think time brings a leavening of wisdom. It certainly brought a dose of vindication for Perot’s quixotic runs in 1992 and 1996. Ross, congratulations for being magnificently correct on immigration and the border. Godspeed towards your hereafter.
A jury found an electrical engineer and University of California, Los Angeles (UCLA) professor guilty of exporting stolen U.S. military technology to China. UCLA adjunct professor Yi-Chi Shih was convicted June 26 on 18 federal charges, Newsweek reported, and could now lose hundreds of thousands of dollars, while also facing up to 219 years behind bars for numerous violations of the law. These include conspiracy to break the International Emergency Economic Powers Act (IEEPA), committing mail and wire fraud, lying to a government agency, subscribing to a false tax return, and conspiring to gain unauthorized access to information on a protected computer, according to a Department of Justice news release.
But doesn’t the Magic Dirt Theory preclude such perfidy? Why wasn’t Yi-Chi Shih magically transformed into a flag-waving (((Bill Kristol))) wannabe? He should be cranking out #NeverTrump dreck over at The Bulwark or something. The civic nationalism should run blue in his once red veins. Why do you guys think it doesn’t?
Guys, I’m tellin’ ya’. Give up the crack and the one-night stands. It’s for your own good, man!