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 October 12, 2013
Red Cross launches emergency food aid plan for UK’s hungry
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.
Posted in UK economy | Leave a Comment »
Posted by seumasach on October 10, 2013
Bond investors face ‘untold damage’ when interest rates rise
8th October, 2013
Rising interest rates could inflict “untold damage” on bond portfolios, a senior investment analyst has warned.
Posted in Financial crisis, UK economy | Tagged: bond market bubble | Leave a Comment »
Posted by seumasach on September 29, 2013
Jim Willie
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!!
Posted in Financial crisis | Tagged: dollar collapse, End of empire, financial collapse | Leave a Comment »
Posted by seumasach on September 24, 2013
23rd September, 2013
Years of recession and financial crisis have turned almost one in ten of the UK’s 2.5 million companies into “zombies”, threatening a “surge of insolvencies” as they are left behind by the improving economy.
Posted in UK economy | Leave a Comment »
Posted by seumasach on September 21, 2013
Cailean Bochanan
21st Septemebr, 2013
I’ve already been called mad for my assertion over the last nine months or so that Obama is actually engaged in some kind of peace process involving a historic compromise with Russia in working a resolution of the Syria crisis as well as a broader Middle East settlement. I seem to be the only one who doesn’t know that Obama is a bad guy and that bad guys do bad things, like rocketing Syria at the first available opportunity. My detractors assessment of my mental health is about to become a lot worse since I now propose to suggest that Obama is readying to pit himself against Wall Street- yes, that’s right. Obama, the Manchurian Candidate with a chip in his brain. is about to take on the financial oligarchy of whom he is nothing other than a puppet! What could be the basis for such an exorbitant thesis?
Posted in Currency Wars, Financial crisis | Tagged: dollar collapse, Obama agenda, obama revolution, Obama v. Wall Street, Obama's realist turn | 3 Comments »
Posted by seumasach on September 15, 2013
Liam Halligan
14th September, 2013
Lehman Brothers filed for bankruptcy on September 15 2008. The resulting financial meltdown led to the first global recession in living memory, so causing countless job losses and widespread human misery.
Posted in UK economy | Tagged: bankrupt Britain, QE3 | Leave a Comment »
Posted by seumasach on August 22, 2013
We Are Now On The Verge Of A Historic Meltdown & Collapse
20th August, 2013
Posted in Financial crisis | Tagged: derivatives, dollar collapse, End of empire, Financial crisis | Leave a Comment »
Posted by seumasach on August 21, 2013
“If the Fed truly starts to ‘taper’ and fund investors continue to decide that they do not want to buy bonds at ridiculously low yields any longer, who will be left to buy all the debt that the U.S. government and corporate America need to sell at low rates,” he said.
Bond exodus accelerates as yields creep nearer 3%
19th August
Outflows from U.S. bond mutual funds and exchange traded funds has accelerated in August, according to a new report by TrimTabs, as fears grow of the threat that rising yields pose for the U.S. economy.
Posted in Financial crisis | Tagged: bond bubble, dollar collapse | Leave a Comment »
Posted by seumasach on August 20, 2013
Posted in Financial crisis, Multipolar world | Tagged: Chinese soft power, dollar collapse, gold-backed yuan, new financial architecture | Leave a Comment »
Posted by seumasach on August 19, 2013
[This is very interesting coming from a source which Fox News describes as “a virtual mouthpiece for the administration”. Is Obama’s new direction leading to the inevitable clash with Wall Street?]
“Detroit’s problems are a reminder of broader challenges, identified but still unmet: protecting pensions; protecting municipalities from Wall Street; and, at long last, revoking the obscene privileges of banks that allow them to prosper on the failings of others.”
Editorial Board
15th August, 2013
The Detroit bankruptcy case has been cast as a contest between bondholders and pensioners that can be resolved only by shared sacrifice.
Posted in Financial crisis | Tagged: Obama agenda, Obama v. Wall Street, Obama's realist turn | Leave a Comment »
Posted by seumasach on August 19, 2013
[Firstly, they tried to knock out the Euro. Then they tried to knock out gold. In both cases they have failed and there is nothing left to support the dollar.]
Gold Bears Retreat as Prices Reach Two-Month High
19th August, 2013
Speculators cut bullish and bearish bets on gold simultaneously for the first time in two months as prices advanced to the highest since mid-June on signs of strengthening physical demand.
Posted in Financial crisis | Tagged: dollar collapse | Leave a Comment »
In These New Times 