In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘financial collapse’

A Tale of Two Worlds

Posted by seumasach on February 3, 2023

Alastair MacLeod

Gold Money

In the war between the western alliance and the Asian axis, the media focus is on the Ukrainian battlefield. The real war is in currencies, with Russia capable of destroying the dollar.

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Trump shows realism toward Iran

Posted by seumasach on July 19, 2017

Trump, like his predecessor, Obama, seems destined to preside over the demise of all neoconservative plans. At the same time, like Obama, he appears unable to break free of the “swamp”, the deep state quagmire, and actually define US interests in positive terms through an embrace of the emerging multipolar reality. Thus, the neocons have made sure that if they can’t lead no one can. If it continues, this paralysis means that there is no soft landing for bankrupt America, no reset of the global financial system: the next phase of the financial crisis is imminent and the US economy and the dollar will be right in the eye of the storm.


Indian Punchline

18th July, 2017

The United States’ regional strategies in the Middle East face multiple challenges and it needs strong nerves and robust realism not to overreact. Importantly, the temptation to display ‘muscular’ diplomacy must be curbed. Thus, the decision by the Trump administration on Monday to certify for the second time Iran’s compliance with the July 2015 nuclear deal signifies strategic maturity.

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Global trade just snapped

Posted by seumasach on November 22, 2015

Zero Hedge

21st November, 2015

Container Freight Rates Plummet 70% In 3 Weeks

This market is looking like a disaster and the rates are a reflection of that,” warns one of the world’s largest shipbrokers, but while The Baltic Dry Freight Index gets all the headlines – having collapsed to all-time record lows this week – it is the spefics below that headline that are truly terrifying. At a time of typical seasonal strength for freight and thus global trade around the world, Reuters reports that spot rates for transporting containers from Asia to Northern Europe have crashed a stunning 70% in the last 3 weeks alone.

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The “Great Unwind” has arrived

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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BIS calls for market correction

Posted by seumasach on July 16, 2014

Did the “central banks’ central bank” just call for a stock-market collapse?


30th June, 2014

Don’t look now, but the Bank for International Settlements (BIS), which is often referred to as the “central banks’ central bank”, just advised the world’s central banks to stage a market collapse now rather than later.

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Jim Willie-US $ implosion and petrodollar demise in 2014

Posted by seumasach on February 8, 2014

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

Flash trading hits US treasury bonds

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!!

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Broken America: The Towns left in Financial Ruin

Posted by seumasach on July 7, 2012


7th July, 2012

They were hanging up the bunting in Mammoth Lakes this week, celebrating Independence Day in the traditional small-town fashion. First, locals queued up for an eat-all-you-can-eat “pancake breakfast”.

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JP Morgan chief reveals $2bn trading loss

Posted by seumasach on May 11, 2012

JP Morgan chief reveals $2bn trading loss caused by ‘sloppiness’


11th May, 2012

JP Morgan Chase, America’s biggest bank, issued a surprise trading update after US markets had shut on Thursday, admitting it had incurred $2bn (£1.2bn) of trading losses in the past six weeks.

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Global Systemic Crisis: Towards a Renaissance in European political and economic integration

Posted by seumasach on February 19, 2012

Global Economic Anticipation Bulletin (GEAB) no 62

Global Research

18th February, 2012

As anticipated by LEAP/E2020, the fear largely fed by the City of London and Wall Street of a Eurozone break-up over the Greek debt crisis proved unfounded.

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HSBC to snub Chancellor’s £20bn loan plan

Posted by seumasach on February 19, 2012

This is yet another bailout- a handy 20 billion, but not enough to to prevent the inevitable: a run on the banks.


18th February, 2012

The British bank is understood to feel that the Chancellor’s loan guarantee scheme – which will see the Government loan money to UK banks to lend on to small and medium-sized companies – is not workable as it would prove to be too expensive under the structure being discussed.

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Posted in UK economy | Tagged: , , , , , | 1 Comment »

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