The back rooms of every single big bank on earth is on FIRE. They can’t take this kind of volatility in the markets and are definitely hemorrhaging under the stress of low oil prices. The Big Ones are already starting the mass layoffs…
Unicredit to Fire 10,000 as EU Pink Slip Pandemonium Continues
“Hours ago, it was revealed that Deutsche Bank is set to fire some 23,000 people or around a quarter of its workforce.”
“UniCredit (CRDI.MI), Italy’s biggest bank by assets, is planning to cut around 10,000 jobs, or 7 percent of its workforce, as it seeks to slash costs and boost profits, a source at the bank told Reuters on Monday.”
“And there, ladies and gentlemen, is your European recovery – 33,000 pink slips in a single day.”
It’s going to get a lot worse as the US is determined to DESTROY THE US DOLLAR and will do everything in their power to ensure a speedy demise. Watch for the fight over the debt ceiling to kick into high gear out of the blue as September 30th is deadline to get a spending package signed or else it’s “Shut Down Time” once again.
Layer that on top of the current “Shemitah Shaking” and you have the recipe for a Global Monetary Meltdown.
How’s that for the start of the “Jubilee Year?”
May the Road you choose be the Right Road.
Malaysia’s RHB says it offers voluntary exit scheme to employees – Reuters
More CIMB Group staff shake-up likely after MSS – RakyatPost