A month ago we pointed out that even as the Chinese credit bubble – at a record 240% of GDP on a consolidated basis – is now clearly out of control, the far more disturbing aspect of China’s credit-fueled economy is the ever declining boost to economic growth as a result of every incremental dollar created. Indeed, as the economic response to “credit shock” becomes lower and lower, even as the inflationary [...]
NWO Marches on as China continues to morph. Dempsey looks so proud! Positively BEAMING!
From All Star Charts:
I think it’s important to put things into perspective as often as we can.
Where has the money been flowing so far this year? We know that within the United States, defense has been the key: Healthcare, Staples and Utilities.
But what about the rest of the world?
Today’s chart of the day compares the U.S. to other regions around the Globe. I think it’s clear that…
Read full article…
Financial Analyst Gregory Mannarino says the banking crisis in Cyprus is a signal of what is coming to the rest of the world. Mannarino says, “People are now going to start losing faith in these institutions….
Why are so many people leaving the United States right now? Over the past couple of years, an increasing number of Americans have decided that moving to another country is the best way to prepare for the collapse of America. According to the U.S. State Department, an all-time record of more than 6 million Americans are now working or studying overseas. Of course many of those that have left [...]
China is wiping the floor with the United States on the global economic stage, and most Americans are so clueless that they have absolutely no idea what is happening. The number one global economic superpower is in anadvanced state of decline, and the number two global economic superpower is becoming stronger with each passing day. Unless something truly dramatic happens, it is only a matter of time before China overtakes [...]
February 8, 2013
North Korea’s recent threat to conduct an underground nuclear weapons test, its third, isprovocative enough on its own. The North Korean nuclear weapons program is illegal, dangerous and destabilizing, has been widely condemned by the rest of the world and is even causing some tension (alas, probably relatively minor and temporary tension) in Pyongyang’s all-important relationship with China.
Some analysts fear, though, that an upcoming test could feature a uranium-fueled weapon, rendering it [...]
TONY BENNETT: It’s the kind of turn that happened to the great country of Germany, when Nazis came over and created tragic things, and they had to be told off. And if we continue this kind of violence and accept it in our country, the rest of the world’s going to really take care of us, in a very bad way.
These Charts Suggest A Major Currency Crisis Could Be Underway
As many of you who have read my work in the past know, I expect this whole Keynesian monetary experiment that has been going on since World War II to finally terminate in a global currency crisis. I’m starting to wonder if we aren’t seeing the first domino start to topple.
I’m talking about the Japanese Yen…
I think everyone assumes that the [...]
By Toby Connor
As many of you who have read my work in the past know, I expect the eventual endgame to this whole Keynesian monetary experiment that has been going on ever since World War II, to finally terminate in a global currency crisis. I’m starting to wonder if we aren’t seeing the first domino start to topple.
I’m talking about the Japanese Yen of course.
I think everyone just naturally assumes that [...]
The missing word in the election debate is competitiveness. Italy’s economy has lost competitiveness over the past decade or so. Internal labour costs have grown at a faster pace than productivity, and faster than in most of the rest of the world. Since the creation of the euro, Italy’s unit labour costs have risen by about 30 per cent more than the currency area average. Read more
leap2020.eu / January 16, 2013
Until now the course of the crisis has been accurately described according to the five phases identified by our team from May 2006 (GEAB n°5) and completed in February 2009 (GEAB n°32): release, acceleration, impact, decanting and global geopolitical dislocation, the last two stages developing simultaneously. In the last issues and in particular the GEAB n°70 (December 2012), we commented extensively on the ongoing processes of the [...]
Large U.S. cities that the rest of the world used to look at in envy are now being transformed into gang-infested hellholes with skyrocketing crime rates. Cities such as Chicago, Detroit, Camden, East St. Louis, New Orleans and Oakland were once bustling with economic activity, but as industry has fled those communities poverty has exploded and so has criminal activity. Meanwhile, financial problems have caused all of those cities [...]
Why does it seem like America is getting crazier with each passing year? It has become glaringly apparent that very deep corruption has taken root in our society from the lowest levels of society all the way up to the highest levels of society. In fact, some of the worst behavior of all is being exhibited by those that are supposed to be “examples” for our young people – [...]
From a simple perspective, it works like this:
A group of people become rich.
Then over time , they become very very rich.
Soon they become rich enough to fund wars, and build nations.
Soon they become powerful enough to rule a nation incognito.
Over time, they extend their hidden rule over several nations.
They use everything, to keep the population within the line of control: wars, psychology, relgion, medicine, education, propaganda, chemicals, synthetic food, media, [...]
The United States is clearly in an advanced state of decline. Many people around the world (and even inside America) rejoice at this, but not me. I mourn for the country that I was born in and that I still love. Yes, the United States has never been perfect, but the Republic that our Founding Fathers started truly has been a light to the rest of the world in a [...]
By recklessly printing, borrowing and spending money, our authorities are absolutely shredding confidence in the U.S. dollar. The rest of the world is watching this nonsense, and at some point they are going to give up on the U.S. dollar and throw their hands up in the air. When that happens, it is going to be absolutely catastrophic for the U.S. economy. Right now, we export a lot of [...]
While the missiles, planes, and rockets fly over Gaza and Israel, both Hamas and the Israeli government have been engaged in a battle of social media.
It is a battle to shape the perceptions of the rest of the world.
The IDF appears so far to have the upper hand in terms of social media, having notched up 143,000 followers on Twitter, although Hamas’ al-Qassam Brigades are in swift pursuit having [...]
NEW YORK—The nor’easter that stymied recovery efforts from superstorm Sandy pulled away from New York and New Jersey Thursday, leaving hundreds of thousands of new people in darkness after thick, wet snow snapped storm-weakened trees and downed power lines.
From Brooklyn to storm-battered sections of the Jersey shore and Connecticut, about 750,000 customers—more than 200,000 from the new storm—in the region were without power in temperatures near freezing.
“We lost power [...]
Europe Makes Obama Look Good, But That’s Not The Whole Story
All the plans to save Greece, Spain et al and keep them in the eurozone are still based on growth recovery prospects which are in turn based on entirely unrealistic assumptions. And every single turn of the way those assumptions have to be recalibrated downwards. Which always leads to more austerity demands, more cuts. And at some point that will no [...]
Either way this election turns out, American jobs are going to continue to get slaughtered by the millions. During this campaign, Mitt Romney and Barack Obama have both attempted to portray each other as the “outsourcer in chief“. Unfortunately, they are both right. Barack Obama and Mitt Romney have both participated in the outsourcing of American jobs, and both are openly admitting to the American people that they favor [...]
When it comes to explaining the problems with our economy, one of the hardest things to do is to get people to understand that we are living in an economic fantasy world that is completely and totally unsustainable. As a nation we consume far more than we produce, we spend far more than we bring in, our debt is growing much faster than our GDP is, our entitlement programs [...]
As the liberal American press and ultra-liberal bloggers inundate the Internet and newsprints with criticisms of what Mitt Romney, the GOP presidential challenger to President Barack Obama, said about Obama during the Libyan attacks and murders, throngs of foreign press and few American outlets tell the real story involved with the White House’s role in the incidents that we now know could have been prevented.
After the American media grabbed and [...]
he euro zone’s debt crisis is just the center of an “adjustment” which is affecting all advanced economies, former European Central Bank (ECB) President Jean-Claude Trichet told CNBC.
“The Europeans have a special responsibility because we are the epicenter of the worst crisis since World War II. And that, of course, calls for highly responsible decisions,” he said.
All the advanced economies are undergoing their first major adjustment since the Second World [...]