Global debt markets hit $100 trillion-mark
Global debt markets burgeoned to an estimated $100 trillion last year, according to the Basel-based Bank of International Settlements (BIS), which also highlighted a growing decline in cross-border lending since the start of the financial crisis.
The BIS – known as the central bank of central banks – released its latest statistics from mid-2013 on Sunday showing the $100 trillion debt issuance figure had risen from [...]
By Michael Snyder
If the U.S. economy is getting better, then why are major retail chains closing thousands of stores? If we truly are in an “economic recovery”, then why do sales figures continue to go down for large retailers all over the country? Without a doubt, the rise of Internet retailing giants such as Amazon.com have had a huge impact. Today, there are millions of Americans that actually prefer to [...]
http://usawatchdog.com/80-decline-in-… Dr. Jim Willie, Editor of “The Hat Trick Letter,” contends, “I don’t think it would be a shock to see the Russians come out and say we’ve got over 20,000 tons of gold, and we are going to back our ruble with gold. Screw the dollar. I think in the next year or so, the Russians and Chinese are going to let it be known that between them they own [...]
Its curtains for a number of large store front retailers. Those who are not outright closing up are dramatically downsizing their operations which means closings, loss of tax revenue, vacant commercial real estate and increasing unemployment.
The commercial real estate issues will translate into more stress on the bankster sector since banksters in many cases hold title to the vacated properties.
Not a good sign at all for the purported great recovery [...]
March 9th, 2014
It’s no secret that the U.S. government is in serious fiscal trouble. So much so that our Treasury Secretary recently noted that should the debt ceiling fail to be increased, the fall-out would be “catastrophic” and last for generations.
Given that sobering report, consider that everything in America, from food to fuel, is subsidized in one way or another. Those subsidies are being paid with ever-increasing debt. It [...]
Greek bondholders set for 74 percent loss
Debt crisis: Greece’s bondholders could face more losses, says Berlin
European Central Bank Moves to Avoid Loss on Greek Bonds
What is Shrinkflation? Pippa Malmgren explains in a Boom Bust Web Extra that before inflation begins to reflect prices rising, you begin to see companies repackage their products to hide rising costs. The size of products begin to get smaller: you’ll see smaller candy bars, fewer potato chips, and a lot more air in those packages. This shows that companies are facing margin pressure, and when customers get upset that [...]
John Manfreda of Wall Street For Main Street Interviews Asset Manager Adrian Day about the Gold market, Gold Royalties, the Asian markets, Dividend Stock investing, Blue Chip stock investing, and other related topics
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Has China Reached its ‘Bear Stearns’ Moment?
The country’s first-ever bond default could potentially reshape the entire financial sector
In Shanghai on Friday, a solar energy equipment maker you’ve probably never heard of before, Chaori Solar Energy Science & Technology, couldn’t pay investors interest due on its bonds. In normal times, such an event might not get that much attention. But matters in China’s financial industry are far from normal [...]
from SGT Report.com:
Researcher and You Tuber Hatrick Penry, from Hatrick Penry Unbound.com joins us to discuss what he calls the world’s largest provable coverup – Fukushima Plumegate.
Hatrick has assembled more than 445 pages of government and regulatory documents through FOIA which show the frightening realities of the Fukushima Daiichi nuclear disaster in the days, weeks and months following the devastating March 11, 2011 Tsunami and resulting hydrogen explosions which devastated Daiichi Units 3 and 4. [...]
Boeing said on Thursday it will end pension plans for 68,000 non-union employees, including its chief executive. The move takes effect Jan. 1, 2016, & is part of the company’s effort to reduce the growing costs of its pension plans.
below video contains everything you need the know IMO, about the reason behind the current situation in Ukraine and Russia’s involvement.. the rest is all irrelevant.
don’t have 13 minutes spare time? fastforward to 7:10 where the good stuff starts:
watch that dollarchart…
I guess this is just a coincidence?:
More on this subject in this very interesting video:
(EDIT: this is an almost 3 hr long video. I will point to a short excerpt [...]
by Michael Noonan
There is something going on in the gold and silver market, and it is difficult to ascertain
exactly what it is. Perhaps it can best be described as a change in market behavior that
may be defining a potential change in trend. For many, the presumption has been, “Gold
and silver are going to go to the moon, for the following reason[s]….” What followed was
then a litany of the same facts that [...]
February jobs report beat expectations so what did the government do, it raised the unemployment rate. This gives the FED and the US government time to prepare for the upcoming event which will allow them to blame the economic collapse on another country. The US government is pushing climate change and they are trying to link climate change to terrorism to convince everyone to pay more taxes. US is now [...]
Big Bubble Bursting
The head of China’s sovereign wealth fund noted in 2009: “both China and America are addressing bubbles by creating more bubbles”.
He’s right …
Global credit excess is worse than before the 2008 crash.
The U.S. and Japan have been easing like crazy, but – as Zero Hedge notes – China has been much worse:
Here is just the change in the past five years:
You read that right: in the past five years the total assets on [...]
March 7th, 2014
Earlier this week we noted that an invasion of the Ukraine by Vladimir Putin would likely lead to a complete destruction of U.S. stock markets. It’s not so much the invasion force itself, but rather, the economic maneuvers that would come with it should Russia take this course of action.
Well known economist and founder of the Shadow Stats web site John Williams seems to agree. If Russia were to begin [...]
2014-03-10 00:38:20 UTC
2014-03-09 17:38:20 UTC-07:00 at epicenter
2014-03-09 20:38:20 UTC-04:00 system time
16.121°N 98.246°W depth=35.0km (21.7mi)
32km (20mi) SW of Santiago Pinotepa Nacional, Mexico
64km (40mi) SSE of Ometepec, Mexico
129km (80mi) WNW of Puerto Escondido, Mexico
139km (86mi) ESE of San Marcos, Mexico
377km (234mi) SSE of Mexico City, Mexico
Region OFFSHORE OAXACA, MEXICO
Date time 2014-03-10 00:38:16.0 UTC
Location 16.07 N ; 98.34 W
Depth 10 km
No tsunami detected
School students should be given a “European Union education” in the classroom to tackle “ignorance” and growing public Euro-scepticism, according to an election manifesto signed by Angela Merkel and eight other of Europe’s leaders.
The European People’s Party (EPP), the EU’s biggest political grouping, is convinced such a programme would improve the public image of Brussels, which has never been lower.
Its manifesto for May’s European elections calls for the introduction of [...]