The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label october. Show all posts
Showing posts with label october. Show all posts

Sunday, April 26, 2015

Is the IMF trying to beat China in the creation of a new reserve currency?

Earlier this year, China announced that they will have their new SWIFT system fully functional by either September or October and can then fully float the Yuan currency worldwide.  Many are believing that once SWIFT is up for the world’s largest economy then it will be the end of the dollar as the global reserve currency.
However, a new report out from Stansberry Research is alleging that the IMF is not planning on sitting idly by while the East wrests control from them over the global monetary system, and could be finalizing plans of their own to replace the dollar before China does, and if so it would probably be in the form of the Special Drawing Rights (SDR) currency.
 
Read more on this article here...

Tuesday, November 8, 2011

Failed banks in October tied to commerical real estate losses and depreciation

There were 11 banks that closed their doors in the month of October, but it appears there was a major difference between these banks, and the 74 that had shutdown earlier in the year.  Whereas the primary cause for most of those banks to fail was residential loans and mortgages, these new banks were instrically tied to commercial real estate.

(A review of the 11 bank failures can be found here)

Trepp’s report looks at the October failures and the makeup of each bank’s portfolio to ascertain nonperforming loan attribution. The company’s analysts found that commercial real estate exposure was the main driver behind problem loans for the banks that went under in October.
Commercial real estate loans comprised $401 million (65.1 percent) of the total $617 million in nonperforming loans at the failed banks. Construction and land loans made up $254 million while commercial mortgages comprised $147 million of the total nonperforming pool. - DSNews
For many observers and analysts, this is the final shoe that the real estate markets have been watching for to drop.  The commerical real estate industry is much larger than the residential one, and if the trend is headed towards massive drawdowns and non-performing loans, the number of banks that could very quickly fail would jump into the dozens or even hundreds.