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Is the Next Global Financial Crisis Upon US?

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Financial markets are currently in a frenzy – and a global market crash could be just minutes away. Earlier last week, China allowed its currency to fall in value, prompting its highest one-day decline in over two decades. Today, data shows that China’s factories have contracted at their fastest pace since the most recent financial crisis. Market panic is quickly gaining pace as China’s economy shows clear signs of further deterioration.

keithfromashfordMany years ago when Alan Greenspan first proposed using monetary policy to control economies, the critics said this was far too broad a brush.After the dot.com crash Alan Greenspan loosened monetary policy to get the economy going again. The broad brush effect stoked a housing boom.When he tightened...

3 days ago

keithfromashfordThis is the oncoming crisis.The same crisis as 1999 and 2008, but a bit worse this time:"Leveraged Financial Speculation in the US at a Familiar Peak, Once Again"http://www.zerohedge.com/news/......

3 days ago

adiosspainCredit banks are not legitimate businesses, they are counterfeiters. Won't be replying to any more of your idiotic comments. Stick with the daily mail....

2 weeks ago
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How to bypass the financial markets and ensure money is spent on building homes, roads and energy infrastructure (nef)

It is clear that the current approach to monetary policy – which essentially hasn’t changed for three years – is failing to achieve the economic pick-up that the government and policy makers assumed it would have by now. So experimenting with how QE is used in the future, and thinking strategically, would not be as disastrous a policy as some would have you believe, argues Josh Ryan-Collins, Associate Director of the Economy and Finance team at New Economics Foundation in the article entitled 'Strategic Quantitative Easing – public money for public benefit', 12th August 2015

jamesmurraylawHi RJ,Dunno where austerity comes into it...Continued austerity by Osborne appears to be merely a thinly disguised excuse to drag back the size of the Public Sector - i.e. cutting back spending well beyond that needed to reduce the deficit.Whether it will result in a recession or depression seems to...

2 weeks ago

RJUnsure what you mean by this. Do you support austerity? Because if austerity goes too much further it will almost certainly result in a recession or depression. A Govt surplus certainly will. This isn't socialism (it could be achieved by tax cuts) but economic reality. The world needs yearly increas...

2 weeks ago

jamesmurraylawJeremy Corbyn is just another daft socialist.We all know that Socialism was tried all through the last century and in so many places and failed, while leaving low growth, misery and poverty in its wake. Oh yes, great on wealth redistribution but dreadful in wealth creation.And of course, it cannot e...

2 weeks ago
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When Entire Economies are Held Hostage

economies held hostage

The recent dramatic events surrounding the Greek debt crisis had many of us on the edge of our seats as we witnessed history unfolding before our eyes. From the calling of the referendum, to the landslide No vote, to Tsipras’ subsequent capitulation under pressure from the Troika-- for many of us it was as gripping as it was occasionally demoralising (like watching the finals except the outcome actually matters). What I’m sure is lost on most, obscure as the mechanics of the monetary system are, is the crucial role of fractional reserve banking both in precipitating the crisis and in using it to strip the Greek people of their democratic sovereignty.

keithfromashfordBanks, the banking industry and the monetary system have become a joke.Banks have become strange hybrid (private/state) institutions where the profits remain in private hands and the losses are socialised.They need “too big to fail” status because they know they can’t stand on their own two fe...

3 days ago

bankster01RJ, I have to say you are a persistant distraction. I think Graham explains things very well....

3 days ago

bankster01Look at the banking 101 videos on this site, which are a cut down version of the book "Where does money come from ?" Some punctuation in your last paragraph would make it easier to read....

3 days ago
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