China’s two main stock markets, the Shanghai and the Shenzhen Exchanges, plunged more than 30% in recent weeks from their previous record highs of June 12. The Shanghai dropped 30%, and the tech-stock heavy Shenzhen by 37%. That’s the steepest stock decline in China since 1992. The markets briefly stabilized on July 9. But the question remains, will they continue …
TISA Leaks Part Deux: More Evidence of Concerted Attack on Democracy – Deirdre Fulton
The Trade in Services Agreement “responds to major corporate lobbies’ desire to deregulate services,” says global trade expert. (Photo: GGAADD/flickr/cc) One day after it leaked a trove of documents related to the massive, pro-corporate Trade in Services Agreement (TISA), WikiLeaks on Thursday published another four chapters of the proposed 52-nation trade deal, covering key areas ahead of the next negotiating round on Monday. …
Central Bank of Central Banks Warns That World is Unprepared to Fight Global Crash By Mac Slavo
According to the Bank for International Settlements (BIS), the shadowy “central bank of central banks,” the world as it stands is incapable of combating another global financial crash – a crash that there is every reason to think is coming. That’s because the economy remains in the hands of the Federal Reserve and other central banks. The financial wizards in THIS …
Crying Wolf? Impending Global Financial Collapse Will Change the World Order By Bill Holter
Worse than any disease or even leprosy, anyone spouting Austrian economics or even “common sense” (almost extinct today) has been shoved into the outcast corner by the mass delusional majority. Over the last few years, “theory after theory” has become fact after FACT afterFACT! There can no longer be any question, conspiracy to delude and defraud has run rampant and is a …
Meet the New Shadow Bank (It’s a Lot Like the Old Shadow Bank) by Tracy Alloway
Good definitions of shadow banking — the ominously-titled corner of the financial system — are hard to come by. One of the more broader definitions used by the Financial Stability Board includes any vehicle that provides credit and leverage and which falls outside the realm of traditional regulated banking. That would mean anything from hedge funds and private equity to non-bank mortgage lenders. A more narrow definition suggest that …
No growth boost from developing economies says World Bank By Nick Beams
In the years immediately following the global financial crisis of 2008, the claim was frequently advanced that, while the major capitalist economies were severely impacted, the so-called developing economies would provide a new base for world growth. This upbeat assessment has looked increasingly fragile in the recent period. It has now been officially buried in the latest report on the …
Most of the world’s workers have insecure jobs, ILO report reveals – Katie Allen
A global shift to more insecure jobs since the financial crisis is fuelling growing inequality and higher rates of poverty, according to a new report that estimates only a quarter of the world’s workers are on permanent contracts. The International Labour Organization (ILO) said the remaining three quarters are employed on temporary or short-term contracts, working informally often without any contract, are …
New World Order Martial Law Scenario? U.S. Government Pathological Lies Concerning “Jade Helm 15 Military Operation” – Joachim Hagopian
Is it any wonder that fewer people these days are willing to trust the US federal government or their American leader President Obama? The citizen furor over the highly controversial Jade Helm 15 military operationscheduled for two months this summer (July 15-September 15) in all four US Border States with Mexico plus Utah and Nevada is well grounded. Despite mainstream media …
GOVERNMENT USING SUBPRIME MORTGAGES TO PUMP HOUSING RECOVERY – TAXPAYERS WILL PAY AGAIN
It seems hard to believe, but your government is purposely recreating the mortgage debacle of 2007 and putting you on the hook for the billions in losses coming down the road. In their frantic effort to generate the appearance of economic recovery they are willing to gamble with taxpayer’s money while luring unsuspecting blue collar folks into buying houses they …
Fears of a new global crash as debts and dollar’s value rise
Greek ministers are spending this weekend, almost five grinding years since Athens was first bailed out, wrangling over the details of the spending cuts and economic reforms they have drawn up to appease their creditors. As the recriminations fly between Europe’s capitals, campaigners are warning that the global community has failed to learn the lessons of the Greek debt crisis – …