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The potential sale of giant Australian cotton farm, Cubbie Station, to a Chinese-led consortium has stirred local controversy following the approval by Aussie government of the sale. Treasurer Wayne Swan last Friday approved a joint proposal by the Chinese textile company Shandong Ruyi Scientific and Technological Group Co Ltd and the Australian company Lempriere Pty Ltd to buy Cubbie after the review board found the sale was not detrimental to the national [...] The eurozone economic downturn since the start of the crisis looks like the Great Depression of the 1930s, according to one economist The decline in the economy of the eurozone, sparked by the beginning of the debt crisis with the shocks in Greece two and a half years ago, “seems to be more of a long-distance run than a quick sprint,” according to Carl Weinberg, chief economist at High Frequency Economics. One [...] 3 to 24 months tops. Economic Collapse Final Warning!!
“We cannot track 2.3 TRILLION in transactions.”
RED ALERT / Global systemic crisis – September-October 2012: When the trumpets of Jericho ring out seven times for the world before the crisis leap2020.eu The progression of world events unfolds in accordance with the anticipations mapped out by LEAP/E2020 during these last few quarters. Euroland has finally come out from its political torpor and short-termism since François [...] KWN With stock markets trading in the red around the world, today King World News interviewed 40 year veteran, Don Coxe. Coxe told King World News, “The situation (in Europe) has gone from worse to truly awful in the last week.” He also warned that “… by the end of the summer we might be facing two of the PIIGS going into default.”
Coxe, who is Global Strategy Advisor to BMO ($538 billion in [...] Something is happening? First the UK bank systems crash and now a major part of the UKs cell networkKinda feels like something is certainly happening.. The 02 (ex British Telecom) cell network in the UK has crashed, the network has 23 million users and running into a second day of outages due to an unknown technical fault/s. O2 is now owned by Telefonica of Spain, are they having credit issues? “Service update from O2: leap2020.eu The progression of world events unfolds in accordance with the anticipations mapped out by LEAP/E2020 during these last few quarters. Euroland has finally come out from its political torpor and short-termism since François Hollande’s election (1) as France’s president and the Greeks have just confirmed their willingness to resolve their problems within Euroland (2) thus contradicting all the Anglo-Saxon media and Euro sceptics’ “forecasts”. From now on, Euroland (in fact [...] leap2020.eu The progression of world events unfolds in accordance with the anticipations mapped out by LEAP/E2020 during these last few quarters. Euroland has finally come out from its political torpor and short-termism since François Hollande’s election (1) as France’s president and the Greeks have just confirmed their willingness to resolve their problems within Euroland (2) thus contradicting all the Anglo-Saxon media and Euro sceptics’ “forecasts”. From now on, Euroland (in fact [...] This is what Richard Heinburg from Postcarbon has said about it – “A really fantastic overview of the global situation. I don’t think I’ve seen a more comprehensive ‘welcome to the 21st century’.” ‘The Crisis of Civilization’ has just been released online to watch for free, to download and to buy on DVD on the website The Crisis of Civilization: Full Film from thecrisisofcivilization on Vimeo. Information about the author Nafeez Mosaddeq Ahmed [...] From Peter Brandt: Futures traders – if you read just one blog I write all year, let this be the one. If you do not take action, futures trading as we have known it for decades will cease to exist. Perhaps you are like me – you have tried to explain the MF Global situation to your elected officials, but they just cannot get their minds wrapped around it. They understand insider trading quite [...] kingworldnews.com With stocks plunging, the dollar rallying, gold and silver pulling back and fears of contagion spreading, today King World News interviewed James Turk out of Spain to get his take on what is happening. When asked about the possibility of contagion and the MF Global situation, Turk responded, “First of all investors should be concerned because everything is so inter-connected today. People call it contagion and this contagion is real [...] The MF Global situation is a perfect example of why you need to own physical assets and be in control. A lot of investors as of Friday November 4 still did not have access to their funds. Like Mike says, “If you can’t hold it, you don’t own it!” The new ETR program the Royal Canadian Mint unveiled last week is another example of how the powers that be will continue [...] bloomberg.com Nassim Nicholas Taleb, author of the best-selling book “The Black Swan,” said the current global market turmoil is worse than it was in 2008 because countries such as the U.S. have larger sovereign-debt loads. “Definitely, we face a bigger problem now and we will pay a higher price,” Taleb, who is also a professor at New York University, said today at a news conference in [...] quote In its monthly Oil Market Report, the agency said total world oil demand will reach a stunning 86.60 million barrels per day this year  up 2% from 84.93 million in 2009. In [...] |
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