Archive for the ‘Financial crisis’ Category
The financial system established in England after 1688, based on usurious lending to the state by private bankers, is reaching its final blowout in the form of a series of devastating bubbles and a massive bailout of the financiers with public money. But the issuance of money doesn’t have to be in the hands of a private consortium: another credit system is possible.
Posted by seumasach on April 4, 2014
4th April, 2014
The shocks will be many as the USDollar struggles and falls off the global financial stage in full view. The desperate maneuvers like in Syria and Ukraine should be seen as last ditch efforts to save a dying system. For two decades the USDollar has been defended by military means. Worse, for 50 years the USGovt has been a hidden nazi enclave of wicked fascists who have hidden behind their overt disdain for communism, with Kissinger the flag bearer, with Brzezinski the ideologue, with Papa Bush the executor, with narcotics and genetics and gold thefts their principal agenda. The official US support of fascist regimes includes a list of nations as long as your arm. Since 2008 when the Lehman kill was executed in order to rescue Goldman Sachs, when Fannie Mae was hidden under the USGovt roof to prevent its $trillion fraud from being exposed, and when AIG was tucked in the USFed basement closet for ample monetized rescues to patch the derivative black holes, the Anglo-American banking system has indeed been going through trials and tribulations, leading to its death throes. The climax of the banking system death process is upon us finally, the fibrillations of sudden illiquidity against the backdrop of relentless unforgiving insolvency so evident to those with eyes that function. Never before has the USGovt been so plain in its fascist ways, with abuses on domestic soil and installed nazi regimes on foreign soil. They kill economies systematically. They wage war relentlessly, using it as a business initiative. They control bank movements obsessively. They monitor human movement compulsively. In Kiev were seen the swastikas on armbands. The name Neo-Con is derived as a more palatable version of Neo-Nazi. The game is over for their captured gutted violated USDollar kingdom in a veritable killing field of nations.
Posted in Currency Wars, Financial crisis, Multipolar world | Tagged: Chinese soft power, new financial architecture, Russian diplomacy | Leave a Comment »
Posted by seumasach on February 18, 2014
The terrible truth about educational levels is another aspect of contemporary Britain which we refuse to confront along with the real state of our banks, our infrastructure, our industrial base, our public health and so on.
17th february, 2014
British schoolchildren are lagging so far behind their peers in the Far East that even pupils from wealthy backgrounds are now performing worse in exams than the poorest students in China, an international study shows.
Posted in UK economy | Tagged: bankrupt Britain, End of empire | Leave a Comment »
Posted by seumasach on February 17, 2014
16th February, 2014
The avalanche of liquidity from the Fed’s quantitative easing in 2013, allowed the world before’s tenets to wake up: indebtedness, bubbles, globalization, financialization… But all it took was a slight slowing down in the astronomical amounts injected by the US central bank every month for the rampant crisis, buried under these piles of liquidity, to reassert itself. As anticipated, the method of “resolving” the crisis by accentuating the excesses that caused it is ineffective, causing a crisis squared instead. All the same one can find an actual benefit: time is gained which everyone uses to their best advantage.
Posted in Financial crisis | Tagged: BRICS(Brazil-Russia-India-China-South Africa), dollar collapse, End of empire, QE3, tapering | Leave a Comment »
Posted by seumasach on February 13, 2014
The Federal Reserve had been purchasing $85 billion in Treasury and mortgage-backed securities per month, but it announced that it would reduce its monthly pace of purchases to $75 billion in January and to $65 billion in February. In her testimony, Yellen reaffirmed that another reduction in the pace of asset purchases is likely to be announced at the next policy meeting in March.
Yellen cannot continue a zero-interest rate policy and continue tapering QE. QE, the systematic devaluation of the dollar, still the world’s reserve currency, has led to rising prices globally and threatens to provoke a global revolt against US finical hegemony. That is why the Fed is tapering and why interest rates will rise at some point in the none too distant future.
US Fed Chair Janet Yellen reassures Wall Street on easy money policy
US Federal Reserve Chair Janet Yellen reassured Wall Street in her first congressional testimony Tuesday that the Fed would continue its zero-interest-rate policies into the indefinite future.
Posted in Currency Wars, Financial crisis | Tagged: dollar collapse, End of empire, QE3 | Leave a Comment »
Posted by seumasach on February 10, 2014
Global markets have turned highly unsettled. … Currency markets have turned treacherous. Those short the commodity currencies abruptly found themselves on the wrong side of a squeeze.
Overall, global markets these days convulse between “risk off” and “risk on” – in bloody trench warfare between market bulls and bears. Greed and fear vacillate between the two camps. …
Bill Gross’ February piece, “Most ‘Medieval’”, provides an insightful read. …”The days of getting rich quickly are over, and the days of getting rich slowly may be as well.”
Posted in Financial crisis | Tagged: EM crisis, tapering | Leave a Comment »
Posted by seumasach on January 31, 2014
“In other words, perhaps the Fed understands that a dollar crisis is a bigger crisis than a bank crisis and that its bailout of the banks is undermining the dollar. The question is: will the Fed let the banks go in order to save the dollar?”
Paul Craig Roberts
30th January, 2014
In former times, the rise in the gold price was held down by central banks selling gold or leasing gold to bullion dealers who sold the gold. The supply added in this way to the market absorbed some of the demand, thus holding down the rise in the gold price.
Posted in Financial crisis | Tagged: dollar collapse, failing banks, QE3, tapering | Leave a Comment »
Posted by seumasach on January 29, 2014
Philippe Lamberts, a Belgian Green MEP, said the ruling was “excellent news for those who believe that financial markets need regulation at EU level”.
22nd January, 2014
Britain suffered a serious defeat in its campaign to limit the power of EU financial watchdogs after Europe’s highest court dismissed London’s attempt to prevent Brussels from winning powers to ban short selling.
Posted in Battle for Europe, Financial crisis | Tagged: european banking union | Leave a Comment »
Posted by seumasach on January 19, 2014
British exit from EU may scare off foreign investors, admits Vince Cable
18th January, 2014
Vince Cable has admitted that the government is battling to reassure foreign investors who are increasingly worried about a potential British exit from the European Union.
Posted in UK economy | Tagged: Britain into Europe-Europe out of NATO | Leave a Comment »
Posted by seumasach on December 12, 2013
“Shareholders and bondholders would be first in line, with savers last in the queue, while tapping public money to prevent a bank collapse would only be done as a last resort.”
This is an important step towards ending the hegemony of finance capital in Europe.
12th December, 2013
BRUSSELS - MEPs and ministers have agreed new rules to rescue insolvent banks that would target bondholders not savers, following the final round of talks in Strasbourg.
Posted in Battle for Europe, Financial crisis | Tagged: bailout industry not finance, no more bailouts-put banks into receivership, no more bombing!-no more bailouts! | Leave a Comment »
Posted by seumasach on December 3, 2013
Li said Britain and China were indispensable and equal partners, noting the prime minister’s recent approach to Beijing by acknowledging the territorial integrity of China – diplomatic code for accepting Beijing’s rule over Tibet.
Li said: “We have become indispensable partners for each other’s development. China and the UK must treat each other as equals.”
From Guardian, 2nd December, 2013
Posted in Multipolar world, UK economy | Tagged: UK-China strategic partnership | Leave a Comment »