2015 The global economy is imploding.
SAYONARA GLOBAL ECONOMY Posted on January 5, 2015 by JimQ “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total…
Prepare for the 2nd Black Swan of a decade
Biggest Risk to the World’s Economy Decades ago now that I first began stomping around Asia and Southeast Asia in particular… longer actually but I prefer not to age myself. At first it was simple fun and adventure – a pretty girl at my side. I’d traveled extensively before venturing to Asia so culture…
An Offer Europe Banks Can Not Refuse
Cheap Money will Help European Banks But Not The People Boris Roessler / AFP / Getty Images A home-made euro sign is attached to the tip of a Christmas tree in front of the European Central Bank (ECB) in Frankfurt am Main, Germany, on December 21, 2011. Might the world be witnessing the first…
Meltdown Of World Economy On The Brink
A German newspaper said Merkel had concluded Greece was insolvent and was pushing for a mandatory debt restructuring. Three years after the crash of the US investment bank Lehman Brothers, the financial crisis is hitting hard again. If, in the fall of 2008, the whole future of the international financial system – and,…
Law Of Banking Jungle: Gadaffi Money Becomes Rebel Money $33 Billon
U.S. to allow Libyan rebels access Gaddafi’s frozen $33bn Libya’s rebels will be given access to part of the $33bn of Libyan state assets that have been frozen at US banks, Secretary of State Hillary Clinton said. Clinton’s announcement that the US is creating a legal framework for rebels to…
How to launder a Million dirty dollars
Drugs, terrorism and shadow banking Mar 26, 2010 11:28 EDT banking | drugs | terrorism The trouble with moving big amounts of cash, from a criminal’s point of view, is threefold. It’s bulky, it’s heavy and it smells. A stash of $1 million in mixed bills weighs around 100 pounds (50 kilos). Specially-trained dogs can…