Category: Economic Collapse

Global Economic Collapse: Why the Fed has no choice but to keep cutting interest rates – if it wants to avoid a financial crisis. All American companies are currently sitting on a record US$15.5 (5) trillion in debt and $660 (6) billion of companies’ so-called leveraged debt is held in collateralized loan obligations. Trillions and billions of five’s (5) and six’s (6). Must Read.

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The U.S. Federal Reserve is stuck between an apparently booming economy and a financial crisis that might be right around the corner. That’s why its decision to cut interest rates by another quarter point on Oct. 30 – its third reduction in as many months – seems so odd. Lowering rates when […]

Global Economic Collapse: When recession/depression comes, expect central banks to rewrite the rules. “It all depends on the nature of ‘the shock’.” (What if hundreds of millions of people, just ‘disappeared’?)

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Global Economic Collapse: When recession/depression comes, expect central banks to rewrite the rules. Nouriel Roubini • Nouriel Roubini is a professor at NYU’s Stern School of Business and was senior economist for international affairs in the Clinton White House’s council of economic advisers. He has worked for the IMF, […]

Global Economic Collapse: ‘We are all screwed!’ The U.S. is like a banana republic and a depression could be on the way, warns money manager. Video.

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Global Economic Collapse: ‘We are all screwed!’ The U.S. is like a banana republic and a depression could be on the way, warns money manager. Video. Published: Oct 29, 2019. Market Watch. When this thing implodes, we are all screwed. On a global scale, we have never before created […]

Global Economic Collapse, Cash-less Society: Bank of Canada exploring digital currency that would replace cash, track how people spend money.

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Global Economic Collapse, Cash-less Society: Bank of Canada exploring digital currency that would replace cash, track how people spend money. An internal Bank of Canada presentation says benefits of a digital currency include the sharing of personal information with police or tax authorities Financial Post. October 15, 2019 […]

Global Economic Collapse, Cash-less Society: Beijing’s backing could tip scales in race for blockchain supremacy, industry figures say

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Global Economic Collapse, Cash-less Society: Beijing’s backing could tip scales in race for blockchain supremacy, industry figures say By Tom Wilson Reuters•October 30, 2019 LONDON, Oct 30 (Reuters) – Calls by China’s president to put blockchain at the heart of the country’s innovation could tip the scales towards […]

Global Economic Collapse, Cash-less Society: From Banking Giants to Tech Darlings, China Reveals Over 500 (5) Enterprise Blockchain Projects.

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Global Economic Collapse, Cash-less Society:  From Banking Giants to Tech Darlings, China Reveals Over 500 (5) Enterprise Blockchain Projects. David Pan. Coindesk•October 27, 2019 As President Xi Jinping called on his countrymen to seize opportunities in distributed ledger technology, China’s industry heavyweights were already leading hundreds of enterprise blockchain projects. […]

Global Economic Collapse: US-China trade deal at Apec would be temporary pause in ‘a growing storm’, experts say. “It’s clear that the US and China are headed for a prolonged period of open strategic rivalry.”

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Global Economic Collapse:  US-China trade deal at Apec would be temporary pause in ‘a growing storm’, experts say. “It’s clear that the US and China are headed for a prolonged period of open strategic rivalry.” Robert Delaney. South China Morning Post•October 30, 2019 Any trade deal signed by […]

Global Economic Collapse: Last-Minute India Demands Jeopardize 16-Nation Asian Trade Pact

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Global Economic Collapse: Last-Minute India Demands Jeopardize 16-Nation Asian Trade Pact Archana Chaudhary, Shruti Srivastava and Iain Marlow. Bloomberg•October 30, 2019 India keeps making last-minute requests after it agreed to terms for the world’s largest regional trade agreement, potentially preventing Asian leaders from announcing a breakthrough next week […]