Archive for June 23, 2015

The BRICS As False Competition To Western Banking Interests

Originally posted on EbolaInfo:
All 5 BRICS nations central Banks are members BIS (Bank for International Settlements) B – Brazil Central Bank of Brazil R – Russia Central Bank of the Russian Federation I – India Reserve Bank of India http://en.wikipedia.org/wiki/Reserve_Bank_of_India C – China People’s Bank of China S – South Africa South African Reserve…

Warren Buffett: Derivatives Are Still Weapons Of Mass Destruction And ‘Are Likely To Cause Big Trouble’

After all these years, the most famous investor in the world still believes that derivatives are financial weapons of mass destruction.  And you know what?  He is exactly right.  The next great global financial collapse that so many are warning about is nearly upon us, and when it arrives derivatives are going to play a … Continue reading

12 Signs That The U.S. And China Are Moving Toward War

By Michael Snyder If the United States and China are supposed to be such “great friends”, why are both sides acting as if war is in our future?  Thanks to events in the South China Sea and the blatant theft of the personal information of millions of U.S. government workers, tensions between the United States … Continue reading

NATO To Evaluate Nuclear Threats From Russia

Originally posted on Peace and Freedom:
NATO Defense ministers meeting in Brussels face renewed vocal threats from an assertive Kremlin A Russian Yars RS-24 intercontinental ballistic-missile system drives during the Victory Day military parade in Moscow on May 9, 2015. Russian President Vladimir Putin said last week he’s adding 40 inter-continental ballistic missiles to Russia’s arsenal.…

Growth’s Secret Weapon: The Poor And The Middle Class

The gap between the rich and the poor is at its widest in decades in advanced countries, and inequality is also rising in major emerging markets (Chart 1).  It is becoming increasingly clear that these developments have profound economic implications. By Era Dabla-Norris, Kalpana Kochhar, and Evridiki Tsounta Earlier IMF work has shown that income inequality is … Continue reading

Geopolitics Will Trump Economics In Greece

Based on the continued failure of the negotiating parties to make any substantive progress in the talks over Greek debt payments, the financial world is tied up in knots over a possible Greek exit from the European Union. By  John Browne, Euro Pacific The uncertainty has manifested in both high and low finance, with a … Continue reading

Kaliningrad, Moscow’s Military Trump Card

Russia is pouring troops and weapons — including missiles capable of carrying nuclear warheads — into its western exclave of Kaliningrad at such a rate that the region is now one of Europe’s most militarized places. By Tony Wesolowsky A NATO official, writing to RFE/RL on condition of anonymity, said that Moscow is stationing “thousands … Continue reading

Greece: Orderly Adjustment Vs Default Chaos

Originally posted on Financial Post:
However this Greek drama plays out, there will be an inevitable and harsh adjustment Greece and its creditors – the so-called troika of the EU, ECB and IMF – have been engaged in a long game of chicken this spring about the conditions for refinancing its debt. While pundits continue…

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