Posted by seumasach on September 7, 2015
Zero Hedge
6th September, 2015
It’s my overarching thesis that the world is in the waning days of a historic multi-decade experiment in unfettered finance. As I have posited over the years, international finance has for too long been effectively operating without constraints on either the quantity or the quality of Credit issued. From the perspective of unsound finance on a globalized basis, this period has been unique. History, however, is replete with isolated episodes of booms fueled by bouts of unsound money and Credit – monetary fiascos inevitably ending in disaster. I see discomforting confirmation that the current historic global monetary fiasco’s disaster phase is now unfolding. It is within this context that readers should view recent market instability.
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Posted in Financial crisis | Tagged: End of empire, financial collapse | Leave a Comment »
Posted by seumasach on September 7, 2015
Japan Times
6th September, 2015
NEW YORK – When Chen Mingxu was a boy, U.S. businessmen poured into rural China, welcomed with tax breaks and steamed turtle. Thirty years later, in a kind of reverse migration, Chen finds himself in southwestern Alabama smiling wanly over bacon-wrapped meatloaf and banana pudding.
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Posted in Multipolar world | Tagged: Chinese soft power, us -china strategic partnership | Leave a Comment »
Posted by seumasach on September 5, 2015
It is ironic that as the dollar sores it is gradually being phased out as the world’s leading trading currency. The dollar is obviously being boosted by hot money flows and unravelling carry trades. This is a temporary state of affairs, the deeper underlining trend being towards the overthrow of the dollar as the world’s reserve currency.
Japan Suggests Russia Use Yen Instead of US Dollar in Transactions
Sputnik
4th September, 2015
VLADIVOSTOK, September 4 (Sputnik) – Tokyo has suggested to Moscow that Russia use the Japanese national currency, the yen, in its transactions instead of the US dollar in order to minimize risks, Tadashi Maeda, the Senior Managing Director of the Japan Bank for International Cooperation (JBIC), said Friday.
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Posted by seumasach on September 5, 2015
From 1945 – 49 the US and UK Planned to Bomb Russia into the Stone Age
Russia Insider
4th September, 2015
Just weeks after the Second World War was over and Nazi Germany defeated Soviet Russia’s allies, the United States and Great Britain hastened to develop military plans aimed at dismantling the USSR and wiping out its cities with a massive nuclear strike.
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Posted in Uncategorized | Tagged: operation unthinkable | Leave a Comment »
Posted by seumasach on August 30, 2015
Ecologist
14th August, 2015
At an £11 billion cost to energy users, and against all expert advice, writes Mel Kelly, the government is forcing the rollout of ‘smart meters’ repeatedly exposed as expensive, poorly tested and potential threats to our health and privacy. This madness must stop.
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Posted in Ecological and Public Health Crisis | Tagged: stop smart meters! | Leave a Comment »
Posted by seumasach on August 27, 2015
RT
26th August, 2015
Russia and Egypt support the creation of a broad anti-terrorist coalition, which would include Syria, to fight Islamic State militants, Russian President Vladimir Putin said at a joint media conference with his Egyptian counterpart Abdel el-Sisi.
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Posted in Multipolar world | Tagged: Russian diplomacy | Leave a Comment »
Posted by seumasach on August 27, 2015
Eamonn McCann
Irish Times
27th August, 2015
As the China crisis ripples and rumbles across the world, markets everywhere have been afflicted by a bad case of the vapours. And when investors are anxious, they don’t invest. The diagnosis came from a qualified expert on Channel 4 News.
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Posted by seumasach on August 27, 2015
GEAB
26th August, 2015
At a time when the oil price is languishing at its lowest level in six years, producers need to find half a trillion dollars to repay debt. Some might not make it.
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Posted in Financial crisis | Tagged: oil price crash, peak oil price | Leave a Comment »
Posted by seumasach on August 27, 2015
Zero Hedge
26th August, 2015
On Tuesday evening in “Devaluation Stunner: China Has Dumped $100 Billion In Treasurys In The Past Two Weeks,” we quantified the cost of China’s near daily open FX operations in support of the yuan.
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Posted in Financial crisis | Tagged: dollar collapse | Leave a Comment »
Posted by seumasach on August 27, 2015
Seumas Milne
Guardian
It may not yet be the moment to get in supplies of tinned food. That was whatGordon Brown’s former adviser during the 2008 crash, Damian McBride, suggested on Monday as stock markets crashed from Shanghai to New York and $1tn was wiped off the value of shares in one day. But seven years after the collapse of Lehman Brothers brought down the global financial system and plunged half the world into a slump, it’s scarcely alarmist to see the financial panic as the harbinger of a new crisis in a still crippled world economy.
Posted in Financial crisis | Tagged: economic collapse, financial crah | Leave a Comment »
Posted by seumasach on August 25, 2015
Thierry Meyssan
Voltairenet
24th August, 2015
After having negotiated a regional alliance against the Islamic Emirate which implied Saudi Arabia, Syria and Turkey, Russia suddenly had to abandon its strategy after the Turkish turn-around. Ankara has in fact decided to break off its ties with Moscow, and has cancelled, without genuine motive, the contract for the gas pipe-line Turkish Stream, created, in partenership with Ukraine, an international Islamic Brigade intended to destabilise Crimea [1]. It has also come to the help of the Islamic Emirate in their fight against the Kurds of the PKK and the YPG.
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Posted in Syria | Leave a Comment »
In These New Times 