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Credit Shock Dead Ahead: China Money Formation Soars To 2-Year High As Delinquent Loans Surge By 29%

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 [...]

Meanwhile in the rest of the world – US & China Get Cozy Militarily

NWO Marches on as China continues to morph. Dempsey looks so proud! Positively BEAMING!

AN IMPORTANT MESSAGE TO ALL IRANIANS

Dear Friends:

 

Thank you for the trust you have shown by electing me as one of the members to participate in the forthcoming National Council’s Conference. As we all know, our beloved country is in total economic and social disarray, while justice is a strange word for a nation to be known for it. Even worse, the Mullah regime has made us an outcast nation of the world. 34 years is [...]

An eye-opening “big picture” look at global markets this year

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…

Very Close to Pan-Global Financial Collapse – ‘They are going to force people to pay one way or another. Haircuts are coming for everyone.’ – Gregory Mannarino

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….

http://usawatchdog.com/very-close-to-pan-global-financial-collapse-gregory-mannarino/

Should You Move To Another Country To Escape The Collapse Of America? 10 Questions To Ask Yourself First

By Michael

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 [...]

40 Ways That China Is Beating America

by Michael

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 [...]

Why Uranium Would Make a North Korean Nuclear Test Especially Scary

Max Fisher
Washington Post
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: Without Gun Control, U.S. May Turn Into Nazi Germany

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.

http://www.realclearpolitics.com…gun_control_us_may_turn_into_nazi_germany.html

The US And Global Economies Will Contract As A Major Currency Crisis Is Waiting To Happen! China Admitted Launching A Gold Backed Currency For World Trade. Morgan Stanley: This Quantitative Experiment Is Far From Over!!

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 [...]

HAS THE FIRST CURRENCY CRISIS BEGUN?

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 [...]

Lorenzo Bini Smaghi: Italians need more than the old politics

from FT:

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

United States, March-June 2013 – Unpluggig the world’s sick man: last impact phase of the global systemic crisis

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 [...]

The Global Food Economy: Peak Food, Social Unrest, And Bailed-Out Credit-Junkies

from Zero Hedge:

Beginning with Malthus’ warning to the world and the Great Irish famine, David McWilliams (of Punk Economics) provides his typically succinct, profoundly fascinating, and graphically pleasing insights on the state of the global food economy. “What happens when hungry people panic?” is the question McWilliams poses; “they move to other parts of the world,” he rhetorically answers, adding that this could well be the story of the next 50 years on Earth as the [...]

Large Cities All Over America The Rest of The World Used To Look At In Envy Are Degenerating Into Gang-Infested War Zones

by Michael

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 [...]

25 “Why Questions” For You To Ponder As We Enter 2013

By Michael

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 – [...]

No Cigars from Cuba….and now….NO CHILDREN FROM RUSSIA! Putin Says He Will Sign Law Barring U.S. Adoptions

MOSCOW (AP) — Russian President Vladimir Putin said Thursday he will sign a controversial bill barring Americans from adopting Russian children, while the Kremlin’s children’s rights advocate recommended extending the ban to the rest of the world.

The bill is part of the country’s increasingly confrontational stance with the West and has angered some Russians who argue it victimizes children to make a political point.

The law would block dozens of Russian [...]

Ian Bremmer: World leaders will follow Merkel’s lead

from FT:

The US (and the rest of the world) can take a lesson on this subject from Angela Merkel. Germany’s chancellor has carefully chosen both her words and deeds throughout the eurozone crisis. That strategy has helped keep negotiations on track while she maintains healthy approval ratings at home. Those who draw lines in the sand put their own credibility at risk. Read more

DEMOCIDE: DEATH BY GOVERNMENT: Why the Monopoly on Violence Should Rest Only with Us, the Elite Rulers/Gun Kontrol ALWAYS PRECEDES GENOCIDE!

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, [...]

Sorry Protesters: Your Jobs Are Being Sent To China And They Aren’t Coming Back

By Michael

Did you see the huge crowds of protesters that flooded the Michigan Capitol on Tuesday?  They were there to protest two bills there were being considered by the state legislature that would limit the power of unions in the state.  Michigan lawmakers approved the bills and this absolutely infuriated the protesters.  There is a lot of passion on both sides of this debate, but I am afraid that both [...]

34 Signs That America Is In Decline

by Michael

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 [...]

The Giant Currency Superstorm That Is Coming To The Shores Of America When The Dollar Dies

By Michael

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 [...]

The next major developments in the Middle East could shock the world

From Azizonomics:

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 [...]

WSJ: About 750,000 customers in the Greater New York area are without power, with temperatures near freezing

From WSJ:

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 [...]

The Eurozone Is About To FALL TO PIECES and SHAKE the Global Financial World To Its CORE

breaking

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 [...]

Obama And Romney Both Favor A One World Economic System That Kills American Jobs

by Michael

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 [...]

UNSUSTAINABLE: WE ARE LIVING IN A BUBBLE ECONOMY

by Michael

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 [...]

Ron Paul: World will leave dollar unless we replace it with a gold backed one

On this Labor Day holiday, Congressman and former Presidential candidate Ron Paul is still working hard trying to reach all American on how dire the U.S. monetary system is in the economy. On Sept. 3, the Texas Congressman shared his views on how thedollar is quickly losing its reserve currencystatus between nations, and that if changes aren’t made quickly, to a gold backed, or other metal based system, the dollar is destined to waste [...]

US media ignores national security bungling in Libya

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 [...]

Euro Zone Epicenter of ‘Worst Crisis Since WWII’: Trichet

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 [...]