In These New Times

A new paradigm for a post-imperial world

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.

UK seeks Chinese investment

Posted by seumasach on December 3, 2013

“We think we have a lot to learn from China because of the success of your high-speed rail. I said to your president and prime minister yesterday that just as we welcome Chinese investment into nuclear power, into other infrastructure so there will be very open competition to provide the infrastructure for our network. We will welcome Chinese investment into that.”

Guardian

3rd December, 2013

UK would welcome Chinese investment in HS2, says David Cameron

David Cameron has told the Chinese leadership that he would welcome investment by Beijing in Britain’s high-speed rail network.

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Posted in Multipolar world, UK economy | Tagged: | Leave a Comment »

Jim Willie on GCR(Global Currency Reset)

Posted by seumasach on November 30, 2013

Posted in Financial crisis | Tagged: , , , , | 1 Comment »

PBOC says no longer in China’s interest to increase reserves

Posted by seumasach on November 24, 2013

Bloomberg

21st November, 2013

The People’s Bank of China said the country does not benefit any more from increases in its foreign-currency holdings, adding to signs policy makers will rein in dollar purchases that limit the yuan’s appreciation.

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£1,430,000,000,000 (that’s £1.43 trillion): Britain’s personal debt timebomb

Posted by seumasach on November 22, 2013

Independent

20th November, 2013

Britain faces a timebomb as the cost of living crisis forces more people into crippling debt they will not be able to repay, according to a major study published today.

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Posted in UK economy | Leave a Comment »

Fury at Glasgow woman’s Bedroom Tax eviction

Posted by seumasach on November 17, 2013

 

Newsnet Scotland

15th November, 2013

A woman from Glasgow has become the first in Scotland to be evicted due to the Bedroom Tax after falling behind with her rent.

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Posted in UK economy | Tagged: | Leave a Comment »

Paul Craig Roberts-Fed trapped by money printing

Posted by seumasach on November 5, 2013

Posted in Currency Wars, Financial crisis | Tagged: , , | Leave a Comment »

U.S. fiscal failure warrants a de-Americanized world

Posted by seumasach on October 14, 2013

Xinhua

13th October, 2013

BEIJING, Oct. 13 (Xinhua) — As U.S. politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanized world.

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Posted in Financial crisis, Multipolar world | Tagged: | Leave a Comment »

US banks no longer ‘too big to fail’

Posted by seumasach on October 13, 2013

America’s biggest banks are now in a position to go bust without state intervention, the Bank of England’s deputy governor declares

Telegraph

12th October, 2013

The deputy governor of the Bank of England has declared an end to the era of taxpayer bail-outs for the world’s giant lenders.

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Red Cross aid plan for UK’s hungry

Posted by seumasach on October 12, 2013

Red Cross launches emergency food aid plan for UK’s hungry

Independent

11th October, 2013

The Red Cross will this winter start collecting and distributing food aid to the needy in Britain for the first time since the Second World War, as welfare cuts and the economic downturn send soaring numbers of people to soup kitchens and food banks across Europe.

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Posted in UK economy | Leave a Comment »

Warning on bond prices

Posted by seumasach on October 10, 2013

Bond investors face ‘untold damage’ when interest rates rise

Telegraph

8th October, 2013

Rising interest rates could inflict “untold damage” on bond portfolios, a senior investment analyst has warned.

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Posted in Financial crisis, UK economy | Tagged: | Leave a Comment »

Flash trading hits US treasury bonds

Posted by seumasach on September 29, 2013

Jim Willie

Goldseek

25th September, 2013

The USTreasury Bond market breakdown is in progress, all part of the general USDollar global rejection that is taking the world by storm. Of course, residents inside the US Dome do not notice, since they only perceive it as the native currency. From conversations with common folk, discussions with investor types, and general observations for over 20 years, the Jackass belief is that only 5% to 10% of Americans are aware that the USDollar serves as a global financial instrument in contracts, the basis for trade settlement (mostly crude oil), with some extremely important consequences. A major development has begun, much like a metabolic life support system in concert with the Interest Rate Swap derivative contract. For two years or more, the USTreasury Bond market has been deeply dependent upon artificial demand derived from the derivatives. Entire bond rallies have been fabricated with 50:1 leverage, fully supported by the financial network propaganda. Without derivative flying buttress support, the giant USTBond Tower would have collapsed a couple of years ago. Now a new support system has been begun, a dangerous musical chairs long entrenched in the stock market. It has entered the bond market finally. Flash Trading!!

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Posted in Financial crisis | Tagged: , , | Leave a Comment »

 
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