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Category: Global Financial System

The analysis published under this category are as follows.

Politics

Thursday, April 03, 2014

3 First Steps To Cleanse The Economic System / Politics / Global Financial System

By: Raul_I_Meijer

Since we can all attest to the fact that our financial banking economic system is bust and busted, we should probably look at ways to repair and cure it. And we don’t want to wait for the system to repair itself from the inside with the aid and abetment of its political stooges, revolving door and otherwise, because that will only lead to everyone else paying through the nose for a system they didn’t break to begin with. If we don’t seize control over this ourselves, it will never be cured, and the guys that went for broke and succeeded will make out like bandits and disappear like thieves into the night, leaving us with enough damage to last for multiple and miserable generations.

Read full article... Read full article...

 


Politics

Wednesday, November 13, 2013

Public Banking in Costa Rica: A Remarkable Little-Known Model / Politics / Global Financial System

By: Ellen_Brown

In Costa Rica, publicly-owned banks have been available for so long and work so well that people take for granted that any country that knows how to run an economy has a public banking option. Costa Ricans are amazed to hear there is only one public depository bank in the United States (the Bank of North Dakota), and few people have private access to it.

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Politics

Thursday, May 23, 2013

Why The Petrodollar System Is Crippled / Politics / Global Financial System

By: Andrew_McKillop

BRETTON WOODS BREAKDOWN, VIETNAM AND THE GREAT SOCIETY
For Jerry Robinson (http://ftmdaily.com/documents/Preparing-for-the-Collapse-of-the-Petrodollar-System.pdf) the reasons why the so-called Petrodollar System must collapse is ultimately because the political and monetary drivers of the system date back to the fast-fading times of 1945-1971 when the the USA's global hegemony and monetary power was almost unchallenged.

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Politics

Tuesday, January 29, 2013

Hackers and the Alternatives to the Global Financial System / Politics / Global Financial System

By: Submissions

Keith Hilden writes: We find ourselves as a world currently at a pivotal point where the current maligned global financial system is falling way to multiple alternatives as new global financial system models emerge as solid competitors. Hackers will undoubtedly prove themselves as a disruptor to the alternative new financial system frameworks that emerge, and will sculpt the initial framework into its matured institutional state. Due to the leverage that hackers will possess, emerging alternative global financial system frameworks will be heavily influenced by hackers. Simply said, regardless of which global financial alternative is chosen, hackers will own the day. And investment into cybersecurity firms products and services will absolutely skyrocket.

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Interest-Rates

Wednesday, January 09, 2013

Can Banks Really Just Create Money? / Interest-Rates / Global Financial System

By: Paul_Tustain

It's the banks, not their customers, who actually wind up owing each other money...

OBSERVERS of Fractional Reserve Banking have noticed that your deposit into a bank can cause the bank to offer new loans well above and beyond the size of your deposit.

Those watchers often object on the grounds that this is new money which shouldn't have been created.

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Stock-Markets

Monday, December 17, 2012

67 Trillion Reasons to be Cheerful, the Shadow Banking System / Stock-Markets / Global Financial System

By: Submissions

David Rose writes: The much-maligned ‘shadow banking’ sector has so far been accused of causing the global financial crisis, restricting access to capital and, probably, global warming too.  But maybe the time has come to bring ‘shadow banking’ out of the shadows and into the light, so that the discussion can become a little more constructive. 

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Interest-Rates

Friday, June 15, 2012

Anti-Fragile Banking / Interest-Rates / Global Financial System

By: William_Bancroft

Best Financial Markets Analysis ArticleWe’ve been big fans of the author and academic, Nasim Nicholas Taleb, for some time. We have enjoyed his best-selling book, ‘The Black Swan’, his media appearances and have used his work to find other interesting works by the likes of Benoit Mandelbrot.

A central theme in Taleb’s writing is that systems should be built not just to withstand 99% of scenarios, but all scenarios. A bit like saying we should build a house that stands for 365 days a year, not one that stands for 364 days only to be toppled by the perfect storm.

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Politics

Monday, April 16, 2012

Another Gust of Stench from IMF / Politics / Global Financial System

By: Pravda

International Monetary Fund Senior Resident Representative in Russia, Odd Per Brekk has recently made a surprisingly lucrative suggestion to the international community. According to Mr. Brekk, one should invest their money in the development of national economies rather than saving up the funds on bank accounts. If something happens, the IMF will be there to help the country in trouble. The idea seems to be perfect, but there is a downside to it.

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Politics

Tuesday, May 31, 2011

IMF Make or Break Time / Politics / Global Financial System

By: Andrew_McKillop

Best Financial Markets Analysis ArticleThe IMF's real goal, today, has mutated from supplying rapid aid to countries in balance of payments crisis (BOP crises) and more vague official goals for stabilizing exchange rates, aiding the growth of world trade, fighting poverty and newer elite fear themes, most recently global warming until its sudden fall from grace, after the disastrous and embarrassing Copenhagen "summit" of Dec 2009. Since the collapse of global warming as the underlying theme for generating new underlying financial assets, tied to emissions credits and carbon finance and thought able to generate at least one $ 100-billion-plus new funding vehicle for the IMF, it has shifted to its last and probably make or break role.

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Politics

Thursday, May 26, 2011

Why the IMF is a Drain on Your Wallet / Politics / Global Financial System

By: Money_Morning

Best Financial Markets Analysis ArticleMartin Hutchinson writes: Dominique Strauss-Kahn's forced resignation from the International Monetary Fund - and the search for an IMF successor - is a blessing in disguise. Strauss-Kahn's term in office saw a vast expansion of the IMF's activities, a fact often used to praise his tenure.

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Politics

Thursday, May 26, 2011

Pro Bank Bailout Christine Lagarde IMF Shoo In Replacement for Strauss-Kahn / Politics / Global Financial System

By: Mike_Whitney

Best Financial Markets Analysis ArticleFrench Finance Minster Christine Lagarde has emerged as the front-runner in the race to replace ex-IMF chief Dominique Strauss-Kahn. She is a champion swimmer, an accomplished attorney, and a competent bureaucrat. She's also a friend of Wall Street who will ferociously defend the interests of big capital. Research assistant for the far-right American Enterprise Institute Jurgen Reinhoudt notes that under "France's free-market oriented economics minister"..."the top income tax rate was cut and, in a frontal assault on the 35-hour workweek, overtime work for hourly workers was made tax-free." (Don't Give Up on Sarkozy Just Yet, AEI)

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Politics

Sunday, May 22, 2011

After The Sleaze Story : The Complex Wake Of The Strauss-Kahn Affair / Politics / Global Financial System

By: Andrew_McKillop

Best Financial Markets Analysis ArticleWhat can be called the liberal media has gone into high gear on this sex scandal with all the body fluid details needing round-the-clock reporting from drab and repressive prison buildings and crowded court rooms as well as chic downtown high-rent apartment blocks. To be sure, the IMF and what this director was doing at the IMF almost never features, lkely because it is so much complex than anal sex and therefore very boring for average consumers of pap media.

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Politics

Friday, May 20, 2011

The Battle for New IMF Managing Director Between Emerging and Developed Countries / Politics / Global Financial System

By: Money_Morning

Best Financial Markets Analysis ArticleKerri Shannon writes: Dominique Strauss-Kahn resigned as leader of the International Monetary Fund (IMF) late Wednesday night, triggering a global battle between developed economies and emerging markets to find a new IMF managing director.

Strauss-Kahn, who was arrested May 14 on sexual assault charges, said in a statement released yesterday (Thursday) morning that he felt "compelled" to resign.

Read full article... Read full article...

 


Politics

Thursday, May 19, 2011

Dominique Strauss-Kahn Was Tying to Torpedo the Dollar / Politics / Global Financial System

By: Mike_Whitney

Best Financial Markets Analysis ArticleIt's all about perception management. The media is trying to dig up as much dirt as they can on Dominique Strauss-Kahn so they can hang the man before he ever sees the inside of a courthouse. It reminds me of the Terry Schiavo case, where devoted-husband Michael was pegged as an insensitive slimeball for carrying out the explicit wishes of his brain-dead wife. Do you remember how the media conducted their disgraceful 24 hour-a-day Blitzkrieg with the endless coverage of weepy Christian fanatics on the front lawn of the hospital while Hannity, Limbaugh and O' Reilly fired away with their sanctimonious claptrap?

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Politics

Thursday, May 19, 2011

The Coming IMF Crisis / Politics / Global Financial System

By: Andrew_McKillop

Best Financial Markets Analysis ArticleAFTER STRAUSS-KAHN - Countries pushing for a quick resignation of disgraced IMF chief Strauss-Kahn, and others arguing a slower approach underline by coded messages who stands to gain or lose when a new IMF chief is named by a weighted majority vote at the IMF's 24-person executive board. But whoever wins, we all lose when the IMF-run gold laundering and illicit or 'gray' capital recycling operations get known.

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Politics

Monday, April 18, 2011

Bretton Woods II - The Final Enslavement of Mankind, Totalitarian Collectivism / Politics / Global Financial System

By: BATR

Best Financial Markets Analysis Article“The rising powers must be present at the creation of this new system in order to ensure that they will be active supporters.” - George Soros

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Politics

Friday, February 11, 2011

The Illuminati's Secret 20 Trillion Dollar Bank / Politics / Global Financial System

By: Chris_Kitze

Best Financial Markets Analysis ArticleZen Gardner writes: Of all the scams, the worldwide banking system is one of the most mind-boggling. Never mind the entire false premise of fiat money and the debt system, that vast amounts of this illusory "currency" get shifted every micro-second just begs deceit and piracy.

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Politics

Tuesday, December 14, 2010

The IMF and the ECB on Perfecting Stupidity / Politics / Global Financial System

By: Richard_Daughty

Best Financial Markets Analysis ArticleThis week's winner of the coveted Mogambo Bluster And Incompetence Award (MBAIA) goes to Dominique Strauss-Kahn, the Managing Director of the International Monetary Fund.

I will skip the part where I heap disdain on the IMF and say rude things like how I think that the IMF is a worthless bunch of incompetent, self-serving, socialist scumbags.

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Interest-Rates

Monday, November 22, 2010

Global Monetary Policy - Negligence, Ignorance or Fraud? / Interest-Rates / Global Financial System

By: The_Gold_Report

Best Financial Markets Analysis ArticleRecovery? What recovery? With more money in circulation than ever before in history, Midas Letter Editor James West asks, "Where's all the money?" The government would have us believe a "recovery" is underway and that we're all firmly back on the road to prosperity. "A recovery is underway," says James, "but those elements of the global economy that are recovering aren't in the economic interests of most planetary citizens." In this Gold Report exclusive, James looks beyond media talking heads and rosy governmental economic forecasts to ponder the eventual consequences of a regulatory framework that is fractured and impotent.

Read full article... Read full article...

 


Politics

Monday, November 15, 2010

G20 Summit Fails to Resolve Global Trade and Currency Conflicts / Politics / Global Financial System

By: Barry_Grey

Best Financial Markets Analysis ArticleThe G20 summit of leading economies held in Seoul, South Korea concluded Friday without any agreement on policies to bridge differences over global currency and trade issues that have grown increasingly bitter in recent weeks.

President Barack Obama failed to obtain a consensus to demand that China allow its currency, the renminbi (also known as the yuan), to appreciate more rapidly. But the US continued to defend its policy of printing hundreds of billions of dollars, dismissing complaints from countries ranging from Germany, Japan and China to Brazil, Thailand and South Africa that Washington is deliberately devaluing the dollar in order to obtain a trade advantage over its competitors.

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Politics

Wednesday, November 10, 2010

Will G20 Take a Collective Stand on Capital Controls? / Politics / Global Financial System

By: Global_Research

Best Financial Markets Analysis ArticleKavaljit Singh writes: Leaders of the G20 will meet in Seoul on Nov. 11 and 12 to discuss a myriad of issues concerning global financial stability and economic recovery. In many ways, the G20 Seoul Summit is significant because for the first time it is hosted by a non-G8 nation and one in Asia too.

The two-day Seoul summit covers an expansive agenda, ranging from global safety nets to new rules on bank capital and liquidity requirements to reforming the International Monetary Fund (IMF).

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Politics

Wednesday, November 10, 2010

World Bank Head Calls for Monetary System Linked to Gold / Politics / Global Financial System

By: Barry_Grey

Best Financial Markets Analysis ArticleIn the run-up to the G20 summit of leading economies, to be held Thursday and Friday in Seoul, the president of the World Bank has published a column in the Financial Times calling for a fundamental revamping of the global currency system involving a lesser role for the US dollar and a modified gold standard. The Financial Times underscored the significance of the column by making it the subject of its front-page lead article on Monday.

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Politics

Wednesday, November 03, 2010

Global Monetary System in Crisis, Currency War Is Leading to Trade War / Politics / Global Financial System

By: Bob_Chapman

Best Financial Markets Analysis ArticleThe UK, Europe, the US and Canada are different degrees of welfare states. By way of regulation, government controls via taxation. The states and their inhabitants send taxes to Washington, which takes its cut and sends funds back to the states with strings attached. You either do what we want you to do, or we cut off your funds. The states and the people are subject to extortion with government using their funds to do so. By using regulations, welfare and extortion, the federal government creates dependency.

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Politics

Saturday, October 30, 2010

The Global Monetary System is in Crisis / Politics / Global Financial System

By: Bob_Chapman

Best Financial Markets Analysis ArticleThe recognition of currency war, which has been going on for years, reflects the failure of international cooperation and the failure the G-20 to find a solution of the beggar-thy-neighbor policies of almost every nation. The result has been growing geopolitical dislocation, which G-20 has yet to find a solution for. These efforts, until recently, were turned upside down by the failure of the Copenhagen Summit in the summer of 2009, when it was discovered that global warming was a giant scam.

Read full article... Read full article...

 


Economics

Wednesday, October 27, 2010

Global Banking System, Is There Life After Sudden Death? / Economics / Global Financial System

By: Professor_Emeritus

Best Financial Markets Analysis ArticleThe debate on the Real Bills Doctrine (RBD) within the sound money movement is important because the international banking system, financing world trade as well as domestic trade, is facing its greatest challenge in all history. Indeed, it may succumb to the sudden death syndrome, and all efforts to resuscitate it may fail. Worse still, banks have by now acquired such a bad name, and they have earned such a universal hatred for their role in the global destruction of capital and of individual savings, that any new financial institution in whose name the word "bank" figures may be rejected out of hand by the people, should anyone try to make a fresh start in the banking business after the collapse.

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Politics

Saturday, October 23, 2010

China Rejects G20 New Trade Currency Rules and Limits / Politics / Global Financial System

By: Submissions

Tehran writes: China rejects any form of rules on currency policy and exports limits among world’s industrialized nations, Reuters reported from South Korea where the G20 meeting is being held this weekend.

Many observers expect the US treasury secretary Timothy Geithner is going to pressure China to accept a new system of currency valuation in which Beijing would agree to allow its currency fluctuate freely and not be pegged to US dollar like the way it’s currently. The move - if accepted by China - should make Chinese industrial products more expensive and therefore reduce trade imbalance in US favor.

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Politics

Friday, October 15, 2010

Financial Markets Tensions Rise as Global Policymakers Part Ways / Politics / Global Financial System

By: Mike_Larson

Best Financial Markets Analysis ArticleThe tension out there is so thick you can cut it with a knife. I’m talking about the tension building between central bankers and policymakers in developed nations and their counterparts in so-called emerging market countries.

On the one hand, you have policymakers here, in Japan, and in England promising to print money until the cows come home. Their aim is to boost their faltering domestic economies and combat deflation.

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Politics

Tuesday, October 12, 2010

BCCI Operations. Inside the Global Banking Intelligence Complex / Politics / Global Financial System

By: David_DeGraw

Diamond Rated - Best Financial Markets Analysis ArticleTo get a more complete understanding of our current crisis, we need to look at the history of events that led up to it. We need to peer deeply into the inner workings of the Global Banking Intelligence Complex. Without acknowledging and exposing the covert forces that are aligned against us, we will not be able to effectively overcome them.

In the past I have shied away from going too deeply into the details of the intelligence world out of fear of being written off and dismissed as a conspiracy theorist. If I hadn’t spent the majority of the past 20 years investigating global financial intelligence operations, I certainly wouldn’t believe half of this myself. Given the severity of our current crisis and the imminent devastating implications, I now realize that I must go deeper into covert activities than I publicly ever have. The information I am about to report is very well-sourced and documented, and needs to be covered before we can proceed to exposing present operations.

Read full article... Read full article...

 


Politics

Monday, July 05, 2010

The IMF Wants to Take Over the World, Banking Colossus in the Making / Politics / Global Financial System

By: Michael_S_Rozeff

Best Financial Markets Analysis ArticleHow long did it take to build the Federal Reserve System? Nineteen years. The various interests created and debated banking reform between the years 1894 and 1913. This is documented by Elmus Wicker in his little book The Great Debate on Banking Reform: Nelson Aldrich and the Origins of the Fed.

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Politics

Wednesday, June 23, 2010

Gold and the Architecture for a New World Financial System / Politics / Global Financial System

By: Professor_Emeritus

Best Financial Markets Analysis ArticleThe Symposium was held at the historic town of Hall in Tirol, Austria, for a good reason. Hall in Tirol (just east of Innsbruck) had been the “monetary capital” of Europe for centuries.

It all started in 1477 with the moving of the Mint from Meran in South Tirol (now part of Italy) where it had been operating since 1271, to Burg Hasegg in Hall, by Archduke Sigismund of Austria (1427-1496). At the same time the Archduke instituted important monetary reforms. He opened the Mint to silver. As a result, silver mining was revived in the valleys of Tirol, and new mining methods and technology were developed. Ultimately, the much-debased coinage of Medieval Europe was replaced by sound currency that brought heretofore unprecedented prosperity to the people of Renaissance Europe. The currency reform of Archduke Sigismund has laid the foundations for the architecture of a new world financial system.

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InvestorEducation

Monday, June 14, 2010

The Fractional Reserve Banking System Explained / InvestorEducation / Global Financial System

By: Robert_Murphy

Diamond Rated - Best Financial Markets Analysis ArticleAustrian economics is superior to Marxism in every respect, and this includes internal, sectarian squabbles. When we Austrians feel the time is ripe for another bloodletting — it keeps us strong by thinning the herd once in a while — we argue over fractional-reserve banking.

If you have never had the pleasure of watching such fireworks, I point you to Joe Salerno's recent blog post; it has enough links to bring you up to speed. In the present article, I want to walk through a simple example to make sure everyone understands exactly why some of us think fractional-reserve banking is just plain weird.

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Politics

Friday, April 30, 2010

Russian Hackers Threaten the World / Politics / Global Financial System

By: Pravda

According to Symantec, the number of cyber crimes last year has increased twofold and continues to grow, while the number of hacker attacks has increased by 71%. Within the last year nearly 3 million viruses were registered. Russia shot significantly ahead and made it to seventh place among top ten countries producing the most cyber threats.

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Politics

Saturday, March 20, 2010

London and New York Tie as Top Global Financial Centres, Asia Catching Up Fast / Politics / Global Financial System

By: Pravda

In the rating of global financial centers created by Z/Yen Group Ltd., Moscow dropped from 67th to 68th place out of 75 available. There were some changes on the top of the list as well. London, despite being a leader, has to share the top place with New York as both cities received 775 points out of 1,000 available.

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Politics

Tuesday, February 23, 2010

A Parable About How One Nation Came to Financial Ruin / Politics / Global Financial System

By: Trader_Mark

Best Financial Markets Analysis ArticleWhile Warren Buffet gets all the press and is a media darling, his partner who works in shadows is a person I find much more interesting.  Perhaps because Charlie Munger is one blunt son of a gun as we saw a year ago [May 3, 2009: Berkshire Hathaway's Charlie Munger Says 'Venal' Banks May Avoid Needed Reform]

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Politics

Friday, January 15, 2010

Bilderbergs of the World Unite! / Politics / Global Financial System

By: William_Bowles

Best Financial Markets Analysis Article“In Post-War Iraq, Use Military Forces to Secure Vital U.S. Interests, Not for Nation-Building” — The Heritage Foundation

And just in case you still haven’t got the point, the same Heritage Foundation document, dated 25 September, 2002 went on to tell us,

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Currencies

Wednesday, October 28, 2009

SDR Global Currency Power Shift Underway / Currencies / Global Financial System

By: Doug_Wakefield

Best Financial Markets Analysis ArticleOn Monday, November 2nd, it will have been seven months since the G20 met in London to expand the international currency known as the Special Drawing Rights. If you want to brush up on the background of this international currency, our November 2008 newsletter, states:

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Politics

Thursday, October 08, 2009

Bankster's Bait and Switch Fractional Reserve Banking System / Politics / Global Financial System

By: Gary_North

Diamond Rated - Best Financial Markets Analysis ArticleThe phrase "bait and switch" refers to a sales practice of advertising a desirable item at a low price to get potential buyers into a showroom. Then the salesman tells the shopper that the firm has run out of the sought-after item. The salesman then uses his sales skills to sell the shopper a more expensive item.

This practice is illegal. It is a form of fraud. It steals time from the shoppers.

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Politics

Sunday, September 06, 2009

Financial and Geopolitical Intelligence, Gain From the Banking Cartel Game Plan / Politics / Global Financial System

By: DeepCaster_LLC

Diamond Rated - Best Financial Markets Analysis ArticleStudying The Cartel* Game Plan, to the (considerable) extent that that Plan can be inferred from Cartel actions and their consequences (see below), can be a significant aid in making profitable investment decisions.

Asking key questions which arise from market or economic developments which appear to be rationally inexplicable, often reveals important aspects of that Game Plan.

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Politics

Thursday, September 03, 2009

American Monetary Institute 2009 Conference: “We Shall Prevail” / Politics / Global Financial System

By: Richard_C_Cook

Best Financial Markets Analysis ArticleThe world’s most important gathering of monetary reformers takes place each year in Chicago at the American Monetary Institute’s annual conference. This year’s event takes place September 24-27 at Roosevelt University. Chairing the conference is Stephen Zarlenga, AMI director and author of the landmark book “The Lost Science of Money.” For information and the list of speakers, including monetary economist Michael Hudson, see the AMI website at http://www.monetary.org/2009schedule.html. While personal matters will prevent me from appearing on-site, I have sent the following remarks. Segments of my six-part DVD, “Credit as a Public Utility,” will also be shown.

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Currencies

Monday, August 24, 2009

U.S. Dollar the Achilles’ Heel of the Worlds Financial System / Currencies / Global Financial System

By: LewRockwell

Best Financial Markets Analysis ArticleBill Bonner writes: The dollar fell to $1.42 per euro yesterday. Many believe it is the Achilles’ heel of the entire world financial system – and Warren Buffett is among them.

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Politics

Tuesday, August 04, 2009

Controlling the Global Economy: Bilderberg, the Trilateral Commission and the Federal Reserve / Politics / Global Financial System

By: Global_Research

Diamond Rated - Best Financial Markets Analysis ArticleAndrew Gavin Marshall writes: This essay is Part 3 of "Global Power and Global Government," published by Global Research.

Part 1: Evolution and Revolution of the Central Banking System
Part 2: Origins of the American Empire: Revolution, World Wars and World Order

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Currencies

Wednesday, July 29, 2009

One World Currency is Inevitable / Currencies / Global Financial System

By: Christopher_Laird

Best Financial Markets Analysis ArticleI know it sounds impossible, but the world is being forced to a point of having to implement a one world currency. Or at least a one world currency among the major economies – maybe Tunisia might escape.

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Currencies

Thursday, July 23, 2009

Towards Integration of the U.S. Dollar and the Euro into a New Global Currency / Currencies / Global Financial System

By: Global_Research

Best Financial Markets Analysis ArticleMichel Chossudovsky writes: With a view to restoring financial stability, World leaders have called upon the Group of 20 countries (G-20) to instigate a new global currency based on the IMF's  Special Drawing Rights (SDRs).

The media has presented the global currency initiative as a consensus building process, in which BRIC countries (Brazil, Russia, India and China) would participate in the revamping of the international monetary system.

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Politics

Tuesday, June 23, 2009

BIS Global Big Brother, Trading Financial Stability for National Sovereignty? / Politics / Global Financial System

By: Global_Research

Diamond Rated - Best Financial Markets Analysis ArticleEllen Brown writes: Buried on page 83 of the 89-page Report on Financial Regulatory Reform issued by the U.S. Administration on June 17 is a recommendation that the new Financial Stability Board strengthen and institutionalize its mandate to promote global financial stability. Financial stability is a worthy goal, but the devil is in the details. The new global Big Brother is based in the Bank for International Settlements, a controversial institution that raises red flags among the wary . . . .

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Currencies

Thursday, June 18, 2009

BRIC's Moving Towards a New Financial World Order / Currencies / Global Financial System

By: Global_Research

Natalia Kovalenko writes: During their summits in the Russian city of Yekaterinburg on Tuesday, SCO and BRIC members urged the creation of a new global financial security system, reiterating their drive to act in concert to weather the economic meltdown.

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Politics

Sunday, June 14, 2009

De-Dollarization, Dismantling America’s Financial-Military Empire / Politics / Global Financial System

By: Global_Research

Best Financial Markets Analysis ArticleMichael Hudson writes: The Yekaterinburg Turning Point - The city of Yakaterinburg, Russia’s largest east of the Urals, may become known not only as the death place of the tsars but of American hegemony too – and not only where US U-2 pilot Gary Powers was shot down in 1960, but where the US-centered international financial order was brought to ground.

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Politics

Friday, June 05, 2009

Balance of Global Financial Power Shifting to China / Politics / Global Financial System

By: Money_and_Markets

Best Financial Markets Analysis ArticleMike Larson writes: So this is what it’s come to: Our Treasury Secretary, Timothy Geithner, has to jet off to Beijing to beg for mercy from our biggest global creditor.

He has to sit by and be lectured in the ways of finance by Chinese officials.

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Economics

Thursday, June 04, 2009

A Structural Change in the Global Debt Based Financial and Economic System / Economics / Global Financial System

By: Submissions

Best Financial Markets Analysis ArticleBrett Jordaan writes: What politicians and central bankers around the world are either neglecting to tell us, or to consider, is that the current economic crisis, now a global recession and fast becoming a depression, is a result of a fundamental structural shift in the very makeup of the world economy. The credit crisis is widely accepted as the trigger for the current economic woes, but those who take a broad view of the world will see that our current predicament was actually years in the making, and ultimately, inevitable. As inevitable as the collapse of a house of cards, or the implosion of a Ponzi scheme. In fact, the global monetary system actually fits the description of a Ponzi scheme.

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Politics

Monday, June 01, 2009

True Story of the Bilderberg Group and What They May Be Planning Now / Politics / Global Financial System

By: Stephen_Lendman

Diamond Rated - Best Financial Markets Analysis ArticleFor over 14 years, Daniel Estulin has investigated and researched the Bilderberg Group's far-reaching influence on business and finance, global politics, war and peace, and control of the world's resources and its money. His book, "The True Story of the Bilderberg Group," was published in 2005 and is now updated in a new 2009 edition. He states that in 1954, "the most powerful men in the world met for the first time" in Oosterbeek, Netherlands, "debated the future of the world," and decided to meet annually in secret. They called themselves the Bilderberg Group with a membership representing a who's who of world power elites, mostly from America, Canada, and Western Europe.

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Politics

Tuesday, May 26, 2009

Bilderberg Plan For Remaking the Global Political Economy 2009 / Politics / Global Financial System

By: Global_Research

Best Financial Markets Analysis ArticleAndrew G. Marshall writes: From May 14-17, the global elite met in secret in Greece for the yearly Bilderberg conference, amid scattered and limited global media attention. Roughly 130 of the world’s most powerful individuals came together to discuss the pressing issues of today, and to chart a course for the next year. The main topic of discussion at this years meeting was the global financial crisis, which is no surprise, considering the list of conference attendees includes many of the primary architects of the crisis, as well as those poised to “solve” it.

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Interest-Rates

Thursday, May 21, 2009

Government Debt Downgrades vs. Gold / Interest-Rates / Global Financial System

By: Mike_Shedlock

Best Financial Markets Analysis ArticleThe word for today is "downgrade". Inquiring minds may wish to count the instances of downgrade in the following paragraphs.

UK and US Debt Face Downgrades

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Currencies

Tuesday, May 19, 2009

Russia Dumps the U.S. Dollar for Euro as Reserve Currency / Currencies / Global Financial System

By: Pravda

The US dollar is not Russia’s basic reserve currency anymore. The euro-based share of reserve assets of Russia’s Central Bank increased to the level of 47.5 percent as of January 1, 2009 and exceeded the investments in dollar assets, which made up 41.5 percent, The Vedomosti newspaper wrote.

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Politics

Monday, May 18, 2009

Restoring National Sovereignty with A Truly National Banking System / Politics / Global Financial System

By: Stephen_Lendman

Best Financial Markets Analysis ArticleReviewing Ellen Brown's "Web of Debt:" Part VI - This is the sixth and final article on Ellen Brown's superb 2007 book titled "Web of Debt," now updated in a December 2008 third edition. It tells "the shocking truth about our money system, (how it) trapped us in debt, and how we can break free." This article focuses on establishing a people-oriented banking system. It's high time we had one and reclaimed what's rightfully ours.

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Politics

Thursday, May 14, 2009

Countries Should Use their Central Bank Reserves to Tame the Speculators / Politics / Global Financial System

By: Global_Research

Best Financial Markets Analysis ArticleMichael Hudson writes: Yevgeny Primakov explains where Russia’s Neoliberal Model Went Wrong - Last week Izvestiya published an interview with former Premier Yevgeny Primakov, now president of the Chamber of Commerce and Industry. (Johnson’s Russia List published a translation on May 8). The discussion centered on a universal problem – what China and other Asian countries, as well as OPEC and Europe should do with the export surpluses and proceeds mounting up in their central banks from mortgaging or selling off their real estate and industry. Or to put matters in retrospect, what should they have done to avoid the neoliberal monetarist ideology that governments should do nothing at all with these surpluses, not even use them to fuel economic growth.

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Politics

Thursday, May 14, 2009

The Debt Spider Captures America - American Workers Consigned to Debt Serfdom / Politics / Global Financial System

By: Stephen_Lendman

Best Financial Markets Analysis ArticleReviewing Ellen Brown's "Web of Debt:" Part IV - This is the fourth in a series of articles on Ellen Brown's superb 2007 book titled "Web of Debt," now updated in a December 2008 third edition. It tells "the shocking truth about our money system, (how it) trapped us in debt, and how we can break free." This article focuses on America's "web of debt" entrapment.

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Politics

Tuesday, May 12, 2009

Global Debt Enslavement - From Gold Reserves to Petrodollars / Politics / Global Financial System

By: Stephen_Lendman

Best Financial Markets Analysis ArticleReviewing Ellen Brown's "Web of Debt:" Part III - This is the third in a series of articles on Ellen Brown's superb 2007 book titled "Web of Debt," now updated in a December 2008 third edition. It tells "the shocking truth about our money system, (how it) trapped us in debt, and how we can break free." This article focuses on global debt entrapment.

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Politics

Monday, May 11, 2009

How Scotland's Unscrupulous Money Men Sought to Control Colonial America / Politics / Global Financial System

By: BBC

Best Financial Markets Analysis ArticleNeil Oliver and A History Of Scotland are about to go Stateside to document Scotland's international moneymen, who weren't averse to "playing the markets" for their own ends in the 18th century.

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Politics

Friday, May 08, 2009

Bankers Capture the Money Machine: Reviewing Ellen Brown's "Web of Debt:" Part 2 / Politics / Global Financial System

By: Stephen_Lendman

Best Financial Markets Analysis ArticleThis is the second of several articles on Ellen Brown's remarkable book titled "Web of Debt....the shocking truth about our money system, (how it) trapped us in debt, and how we can break free." It's a multi-part snapshot. Reading the entire book is strongly recommended - easily obtainable through Amazon or Brown's webofdebt.com site.

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Politics

Wednesday, May 06, 2009

Global Monetary & Financial System: Reviewing Ellen Brown's "Web of Debt:" Part I / Politics / Global Financial System

By: Stephen_Lendman

Best Financial Markets Analysis ArticleThis is the first of several articles on Ellen Brown's superb 2007 book titled "Web of Debt," now updated in a December 2008 third edition. It tells "the shocking truth about our money system, (how it) trapped us in debt, and how we can break free." Given today's global economic crisis, it's an appropriate time to review it and urge readers to digest the entire work, easily gotten through Amazon or Brown's webofdebt.com site. Her book is a remarkable achievement - in its scope, depth, and importance.

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Politics

Monday, May 04, 2009

G20 Meeting Governmental or Mafia? / Politics / Global Financial System

By: LewRockwell

Best Financial Markets Analysis ArticleDo you remember the 1957 meeting of Mafia bosses in Apalachin, New York? About 100 of the Big Bosses met at the home (it must have been large!) of local Mafia chieftain Joe Barbara, and the local police became curious when they noticed numbers of expensive cars with out-of-town license plates at the Barbara home. The cops, acting on the principle of "arrest now, ask questions later," arrested as many of the men as they could catch, and a prosecutor named Milton Wessel subsequently tried them on conspiracy charges.

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Politics

Friday, April 24, 2009

U.S. ‘Soft Power’, Dollar Standard and the Banks / Politics / Global Financial System

By: Global_Research

Best Financial Markets Analysis ArticleSteven Lesh writes: The privilege of supplying the world’s reserve currency, the money nations use to conduct business beyond their borders, is a source of power to the nation that possesses it more valuable than the most powerful military.  Since virtually all money is created ‘out of thin air’ by entries in bank ledgers, the nation supplying the world’s reserve currency has the power to create enough money to buy the world.  Working in conjunction with its banks, a nation supplying the reserve currency can conquer and control vastly more of the world’s wealth than it could hope to with military force. 

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Currencies

Thursday, April 23, 2009

Chinese Global Currency Strategy Challenge to U.S. Dollar and Gold / Currencies / Global Financial System

By: Jim_Willie_CB

Best Financial Markets Analysis ArticleIn a series of maneuvers, Chinese officials have revealed their strategy implementation in a very broad set of steps. Beijing leaders plan to establish the yuan currency as a global reserve currency. The process will be made more complete after issuance of a large volume of Chinese Govt debt securities, soon in coming. The number of policy actions is impressive. While the USGovt is busy stepping backwards with FASB rules enabling false bank accounting, gearing up Treasury programs to direct colossal elite welfare / confiscation to failed banks responsible for the crisis, covering up Wall Street fraud and regulatory lapses and debt rating agency collusion, and ordering pork like the $9 billion high speed train from Disneyland to Las Vegas, the Chinese are making important meaningful critical strides.

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Politics

Saturday, April 18, 2009

The Tower of BIS Basel: Secretive Plans for the Issuing of a New Global Currency / Politics / Global Financial System

By: Global_Research

Diamond Rated - Best Financial Markets Analysis ArticleEllen Brown writes: In an April 7 article in The London Telegraph titled “The G20 Moves the World a Step Closer to a Global Currency,” Ambrose Evans-Pritchard wrote:“A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order. “We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity,’ it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century.

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Currencies

Monday, April 13, 2009

China's Proposal for a Super-sovereign Global Reserve Currency System / Currencies / Global Financial System

By: Global_Research

Best Financial Markets Analysis ArticleProposal of the Governor of the People's Bank of China presented to the G20 Meetings - The outbreak of the current crisis and its spillover in the world have confronted us with a long-existing but still unanswered question,i.e., what kind of international reserve currency do we need to secure global financial stability and facilitate world economic growth, which was one of the purposes for establishing the IMF? There were various institutional arrangements in an attempt to find a solution, including the Silver Standard, the Gold Standard, the Gold Exchange Standard and the Bretton Woods system. The above question, however, as the ongoing financial crisis demonstrates, is far from being solved, and has become even more severe due to the inherent weaknesses of the current international monetary system.

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Politics

Wednesday, April 08, 2009

Towards New Global Currency, New Financial World Order - Part2 / Politics / Global Financial System

By: Global_Research

... Continued from Part 1 Here.

An Emerging Global Government

A recent article in the Financial Post stated that, “The danger in the present course is that if the world moves to a “super sovereign” reserve currency engineered by experts, such as the “UN Commission of Experts” led by Nobel laureate economist Joseph Stiglitz, we would give up the possibility of a spontaneous money order and financial harmony for a centrally planned order and the politicization of money. Such a regime change would endanger not only the future value of money but, more importantly, our freedom and prosperity.”[57]

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Politics

Wednesday, April 08, 2009

Towards New Global Currency, New Financial World Order / Politics / Global Financial System

By: Global_Research

Diamond Rated - Best Financial Markets Analysis ArticleFollowing the 2009 G20 summit, plans were announced for implementing the creation of a new global currency to replace the US dollar's role as the world reserve currency. Point 19 of the communiqué released by the G20 at the end of the Summit stated, “We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity.” SDRs, or Special Drawing Rights, are “a synthetic paper currency issued by the International Monetary Fund.” As the Telegraph reported, “the G20 leaders have activated the IMF's power to create money and begin global "quantitative easing". In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.”[1]

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Currencies

Monday, April 06, 2009

The New Real Global Reserve Currency / Currencies / Global Financial System

By: David_Vaughn

Best Financial Markets Analysis ArticleWell! Well! Well! China is proposing getting rid of the US dollar to be replaced by a new global currency that would become the new international reserve currency. China wants to see stability in the currency mark ets and the US dollar is not providing this. Actually, China is very concerned about the new dollars being printed and their future impact on inflation.

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Currencies

Tuesday, March 31, 2009

What Will be the Next World Reserve Currency? / Currencies / Global Financial System

By: Joseph_Toronto

  • Best Financial Markets Analysis ArticleWhat exactly is a “reserve currency”?
  • Replace the dollar as the world's reserve currency?
  • Why the dollar will remain the most important reserve currency.
  • What are the Chinese really up to?
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Currencies

Sunday, March 29, 2009

China Zhou Xiaochuan: We Need An International Currency / Currencies / Global Financial System

By: Ronald_R_Cooke

China wants to divorce the dollar. Good move. The dollar is on the brink of considerable depreciation. Premier Wen Jiabao is concerned looming inflationary pressures will sharply decrease the value of American debt held in Chinese banks. In order to encourage create greater monetary stability, Zhou Xiaochuan wants to create an international currency unit that can be used in trade as well as a standard against which other currencies can be pegged.

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Currencies

Sunday, March 29, 2009

An International Reserve Super Currency? Bretton Woods the Third / Currencies / Global Financial System

By: Oxbury_Research

Best Financial Markets Analysis ArticleMarch 24 (Bloomberg) -- China 's call for a new international reserve currency may signal its concern at the dollar's weakness and ambitions for a leadership role at next week's Group of 20 summit, economists said. Central bank Governor Zhou Xiaochuan yesterday urged the International Monetary Fund to create a “super-sovereign reserve currency.” The dollar weakened after the Federal Reserve said it would buy Treasuries and the U.S. government outlined plans to buy illiquid bank assets.

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Politics

Thursday, March 26, 2009

G20 Meeting and Special Drawing Rights Potential Developments / Politics / Global Financial System

By: Robert_Bradshaw

Best Financial Markets Analysis ArticleThere have been several news reports this past week on the upcoming G20 meeting in London on April 2nd. Perhaps the Chinese and Russians have been the most noteworthy in their plans for a new world reserve currency to replace the dollar. The Russians have had a focus on a basket of currencies or regional currencies which would open the door for the Russian ruble to gain a par status with the dollar and other key currencies.

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Interest-Rates

Thursday, March 12, 2009

Global Zero Interest Rates Policy Means Spend Now Pay Later / Interest-Rates / Global Financial System

By: Mike_Shedlock

Best Financial Markets Analysis ArticleECB President Trichet has effectively cut its interest rate policy to .5% by agreeing to provide banks an unlimited supply of cash.

Let's tune in with a look at ECB Approaches Zero Rates by Stealth With New Weapon .

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Politics

Sunday, February 15, 2009

Understanding Money and War- Part I / Politics / Global Financial System

By: Robert_Bradshaw

Diamond Rated - Best Financial Markets Analysis ArticleIn medieval times, the goldsmith business developed in much of Europe (with involvement of people whom had been known earlier as money changers). By the Middle Ages, goldsmithing was an established reality. As gold was physical, heavy and bulky to store, but yet of great value, many people found that they lacked the means to store and safeguard it. Goldsmiths provided this service. When gold was stored with the goldsmith, he would write a receipt for it which was given to the gold owner. Since the gold owner could get his gold upon surrender of the receipt, the receipt was as good as gold.

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Interest-Rates

Tuesday, January 13, 2009

Breakpoint for the Global Monetary System / Interest-Rates / Global Financial System

By: Dr_Krassimir_Petrov

Diamond Rated - Best Financial Markets Analysis ArticleCHAOS & ORDER - The global monetary system is at a critical juncture. It is fast approaching a breakpoint. We take a philosophical worldview based on chaos theory that considers the evolution of seemingly stable complex systems reaching a bifurcation point, where the whole system rather unpredictably either “explodes” or “implodes” with a lightning speed. The transition is perceived as “chaotic” – the old order collapses and a new order is established. We think that the global monetary system approaches bifurcation – the breakpoint.

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Economics

Monday, December 22, 2008

Federal Reserve and Central Banking Responsible for Inflationary Booms and Busts / Economics / Global Financial System

By: Rob_Kirby

Best Financial Markets Analysis ArticleWhether Or Not We Like It - In the past, I've written papers where the following quotation was included at the end of the treatise as an “exclamation point”: “We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.”James Paul Warburg , whose family co-founded the Federal Reserve - while speaking before the United States Senate, February 17, 1950

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Stock-Markets

Tuesday, November 25, 2008

Citigroup Collapses! Global Banking System Shutdown Possible / Stock-Markets / Global Financial System

By: Money_and_Markets

Diamond Rated - Best Financial Markets Analysis ArticleIt pains me deeply to announce that, despite the massive government rescue, yesterday's collapse of Citigroup could ultimately lead to a shutdown of the global banking system.

For many years, I hoped this would never happen, and I thought we might be able to avoid it.

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Politics

Sunday, November 16, 2008

G20 Economic Summit Changes Nothing / Politics / Global Financial System

By: Richard_C_Cook

Best Financial Markets Analysis ArticleThe G20 is meeting today in Washington, D.C., to discuss the world financial crisis, its causes, and what can be done about it. But this won't help the people of the U.S. who have been victimized by their own financial system.

The stated objectives are to find ways to stabilize and reduce speculation in the financial markets and make financial transactions more transparent, more efficient, and more international in scope. But this is also a revolt by the nations of the world against over-reliance on the U.S. dollar as the world's reserve currency. What we are likely to see over time is a multi-currency regime that includes the Euro and one or more Asian currencies as well.

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Stock-Markets

Friday, November 14, 2008

G7 Banking Systems Continue to Plunge into the Abyss / Stock-Markets / Global Financial System

By: Ty_Andros

Diamond Rated - Best Financial Markets Analysis ArticleAs the G7 banking systems continue their plunge into the abyss, so do the world's economies. Public servants, governments and central banks are firing every policy option they have to keep the confidence of consumers and business from collapsing. NOTHING is working as the dominoes of confidence fall faster then they can run ahead of the game. The US and G7 governments are still trying to PICK winners and losers so confusion reigns supreme. Which set of corporate or financial elites will be let into the financial lifeboats and which shall be allowed to fail? That is the question.

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Currencies

Friday, November 14, 2008

The G-20's Secret Credit Crash Debt Solution / Currencies / Global Financial System

By: Money_and_Markets

Diamond Rated - Best Financial Markets Analysis ArticleLarry Edelson writes: If you think this weekend's G-20 meetings in Washington are only about designing short-term fixes to the financial system and regulatory reforms for banks, hedge funds, brokers, mortgage companies and investment banks … think again.

Behind the scenes, a far more fundamental fix is being discussed — the possible revaluation of gold and the birth of an entirely new monetary system.

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Stock-Markets

Tuesday, November 11, 2008

Bretton Woods II- Roadmap Towards a New Financial System / Stock-Markets / Global Financial System

By: Axel_Merk

Best Financial Markets Analysis ArticleFollowing calls by European leaders for a "Bretton Woods II", the Bush administration has invited the " G-20 " countries to come to Washington with the lofty goal to reform the world financial system. Will the way we do business change November 15?

The first Bretton Woods conference, held in 1944, gave birth to the International Monetary Fund (IMF), the World Bank and - albeit with half a century delay - the World Trade Organization.

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Economics

Sunday, November 02, 2008

Time to Bunker Down as the Global Debt Mountain Implodes / Economics / Global Financial System

By: Dr_William_R_Swagell

Best Financial Markets Analysis ArticleGlobal Panic Spreads - The largest debt bubble in the history of mankind is on the verge of deflating and collapsing as world leaders and central bankers fly around the globe to one crisis meeting after another. No sooner is one panic quelled or some hasty band-aid fix slapped into place to stop a financial collapse than another breaks out somewhere else. The bad news just keeps on coming;

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Economics

Tuesday, October 21, 2008

The United States, Europe and Bretton Woods II to Avoid Economic Depression / Economics / Global Financial System

By: STRATFOR

Best Financial Markets Analysis ArticleFrench President Nicolas Sarkozy and U.S. President George W. Bush met Oct. 18 to discuss the possibility of a global financial summit. The meeting ended with an American offer to host a global summit in December modeled on the 1944 Bretton Woods system that founded the modern economic system.

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Economics

Monday, October 20, 2008

The End of Friedmanite Economics / Economics / Global Financial System

By: Mike_Whitney

Best Financial Markets Analysis ArticleMonday last week, the stock market recorded its biggest one day gain in history on news that the G-7 had settled on a plan to recapitalize the banking system. The Federal Reserve, the European Central Bank (ECB) and the Bank of England (BOE) all agreed to make direct capital injections into "systemically important" banks so they could resume lending and reduce stress in the credit markets. They also decided to insure deposits and to guarantee interbank lending. Do you think that these unprecedented steps will be enough to avert a meltdown of the financial system?

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Politics

Monday, October 20, 2008

The End Game- Greatest Ponzi Scheme in History Part2 / Politics / Global Financial System

By: David_Chu

deleted

 


Interest-Rates

Wednesday, October 08, 2008

Unprecedented Global Coordinated Interest Rate Cut / Interest-Rates / Global Financial System

By: Joseph_Brusuelas

The US Federal Reserve along with the Bank of Canada, Bank of England, the European Central Bank, Sweden Riksbank and the Swiss National Bank acted in concert to reduce short term lending rates in pre-market hours this morning.

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Stock-Markets

Sunday, October 05, 2008

Fear Grips Stock Markets as Economies Tip Into Recession / Stock-Markets / Global Financial System

By: Prieur_du_Plessis

Diamond Rated - Best Financial Markets Analysis ArticleWhew – what a wild week! Global stock markets and commodities tumbled, whereas government bonds and the US dollar surged amid mounting fears that the ongoing turmoil in financial markets was foreshadowing a hard landing for the US and Europe.

The first-ever trillion-dollar loss (as measured by the Dow Jones Willshire 5000 Index) on Wall Street came on Monday in the wake of the US House of Representatives failing to gather enough votes to pass the $700 billion bank rescue package. Globally, more than $1.7 trillion got wiped off the MSCI World Index.

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Interest-Rates

Sunday, September 28, 2008

Mega-Trend: End of the Era of Falling Interest Rates / Interest-Rates / Global Financial System

By: Boris_Chikvashvili

Best Financial Markets Analysis ArticleDear Reader,

In early CAPI(SOPI)TALISATION process of USSR/RUSSIA, they have searched the earth for a nice motto for a newly minted credit card called RUSSIAN EXPRESS. Their search has finally ended when they DISCOVER(ed) the AMERICAN EXPRESS ad with a motto: Do Not Leave Home Without It.

And Bingo. The choice was uncontested. The motto became...

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Politics

Friday, September 05, 2008

Russo-Georgian War Aftermath Impact on Financial Markets / Politics / Global Financial System

By: STRATFOR

Best Financial Markets Analysis ArticleA redefinition of Russia has taken place — rather jarringly — following its war with Georgia, and the entire world is reassessing its position and relations with the resurgent power. This reassessment includes financial factors — a much more tender area for today's Russia than for the Soviet Union, because Russia's large economy is tied into the global economy.

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Stock-Markets

Wednesday, July 23, 2008

The Greatest Transfer of Wealth in History is About to Unfold / Stock-Markets / Global Financial System

By: Ty_Andros

Best Financial Markets Analysis ArticleAs we look out over the next six months what we see will be extraordinary. The opportunities for prepared investors have never been brighter as the unfolding volatility will be incredible. “Volatility is Opportunity ” for the prepared investor and it will arrive in spades. After a short period of corrective activity I believe explosive moves in almost ALL SECTORS (interest rates, stocks, commodities, natural resources, currencies, and more) lay on the near horizon.

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Economics

Wednesday, June 18, 2008

G8 Fail to Address Growing Global Instability / Economics / Global Financial System

By: John_Browne

With market watchers the world over feeling increasingly alarmed by spreading economic problems, much hope and attention was focused on Japan last weekend as finance ministers and central bankers of the G-8 (Group of Eight) nations gathered to apparently map out a coordinated global response. In particular, all hoped that the delegates would conjure a plan to save the dollar from the dustbin and stop the price of oil and food from pushing the world into crisis.

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Politics

Tuesday, May 27, 2008

Will We See the End of Empire in Our Time? / Politics / Global Financial System

By: Richard_C_Cook

Best Financial Markets Analysis ArticleThe following is based on a talk given by the author at the “End of Empire” session of the “Building a New World” Conference of the Prout World Assembly at Radford University, Radford, Virginia, on May 22, 2008.

I believe we have had two Americas. One started with the imperialist state which Alexander Hamilton tried to put into place in the 1790s with the First Bank of the United States. Thomas Jefferson overthrew this early expression of empire in the Civic Revolution of 1800 and created a strong and free America which lasted until 1913 in spite of the convulsion of the Civil War.

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Politics

Sunday, May 04, 2008

Extraordinary Times, Intentional Collapse, and Takedown of the USA - Part 2 / Politics / Global Financial System

By: Richard_C_Cook

Part 1
“End Times”
Can it be that the last stage of the U.S. takedown is “The Project for the New American Century”? Is this ambitious plan for “global leadership” through military might that was seemingly invented by the “neocons”—many with dual U.S.-Israeli citizenship—a Trojan Horse?

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Politics

Sunday, May 04, 2008

Extraordinary Times, Intentional Collapse, and Takedown of the USA - Part 1 / Politics / Global Financial System

By: Richard_C_Cook

Much has been written about whether a worldwide plan exists to control events and steer them in the direction profitable to an elite of the rich and powerful. Is this a “conspiracy theory”? While it is difficult to be specific about who exactly may be behind such a conspiracy, if it exists, it is at least clear that the privately-managed system of global financial capitalism gives ample opportunity for the world’s richest people to combine for their mutual benefit. Further, global financial capitalism itself is based on the monopolization of money-creation by a world banking system that is largely privately owned, even while working through the central banks of the largest and most prosperous nations.

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Stock-Markets

Monday, March 03, 2008

Epic Paradigm Shift Looms Against the Acceptance of Fiat Money / Stock-Markets / Global Financial System

By: Joseph_Russo

Best Financial Markets Analysis ArticleAdaptive Trading and Investment Perspectives Since we first began offering our market forecasting and analysis services to the public some two years ago, Elliott Wave Technology has been strident in directing our clients focus and attention to the negative wealth effects that eroding fiat-currency's impose - along with the plausibility of epic consequence, if and when an inevitable paradigm shift against the acceptance of fiat-money were to ever reach critical mass. No matter where we are in a given investment cycle, we must first recognize the inherent nature of that environment, and then adapt our various investment postures with fitting perspective.

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Currencies

Friday, February 29, 2008

Currencies Crises- Two Days in September / Currencies / Global Financial System

By: Adrian_Ash

"...The US Dollar's hoped-for decline had now become a rout, driving the greenback down to new all-time lows on its trade-weighted index..."

Saturday, 19th Sept. 1931 - Montagu Norman – governor of the Bank of England – is sailing back to London from a vacation in Canada . He'd felt "under the harrow" since February, and one day in late July had gone home early "feeling queer".

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Commodities

Friday, February 29, 2008

The Anti-Gold Standard Gospel According to Barron Smith / Commodities / Global Financial System

By: Professor_Emeritus

Best Financial Markets Analysis ArticleBarron Young Smith is a financial journalist whose piece What Would Happen If We Adopted the Gold Standard? is appended below. He describes Ron Paul's campaign to restore Constitutional money in the U.S. as being "populist". He adds insult to injury in saying that "Ron Paul... is on a crusade to resurrect a great symbol of Wall Street-Washington dominance over the individual".

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Stock-Markets

Wednesday, February 06, 2008

The Coming Collapse of International Credit Ratings Agencies - Moody's, Standard & Poor, and Fitch / Stock-Markets / Global Financial System

By: Alex_Wallenwein

Best Financial Markets Analysis ArticleSo you thought the Ambac/MBIA bond insurers crisis was bad?

You ain't seen nothin' yet

The problem, the challenge, the scandal, is not that the bond insurers are about to be downgraded. The real scandal lies in the fact that they haven't been downgraded a long time ago - and much deeper than from "AAA" to "AA". In fact, what needs to be downgraded are the major international credit ratings agencies, Moody's, Standard & Poor, and Fitch.

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Commodities

Wednesday, January 30, 2008

Iran's Notice to Crude Oil Importers Results in Monetary Contraction of $500 billion of PetroDollar Reserves / Commodities / Global Financial System

By: Rob_Kirby

Best Financial Markets Analysis ArticleMuch was made of Iran's announcement back in December, 2007 – that they would no longer be accepting U.S. Dollars as payment for their chief export, crude oil:

Iran stops selling oil in dollars - Tehran moves closer to confrontation with U.S.

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Currencies

Wednesday, January 30, 2008

Stock and Financial Market Forecasts 2008 - Currencies - Part 3 / Currencies / Global Financial System

By: Ty_Andros

Best Financial Markets Analysis ArticleIntroduction
This is the master thread to which all economic analysis must be held up due to the fiat monetary systems practiced UNIVERSALLY around the world. Just like a game of musical chairs, or rearranging the deck chairs on the titanic everyone will go down sooner or later. The central reality is that Currencies don't float, they just sink at different rates .

Currencies are no longer backed by gold or silver and are no one else's liability; they are all now IOU's and are the liability of the central bank and country that issues them. The principle reserves of the world's central banks consist of other country's promises to pay (currency and bonds). As we all know, public servants rarely deliver on their promises, and their “promises to pay” are made of the same timber.

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Stock-Markets

Monday, January 28, 2008

Davos, Debt & Systemic Failure - When West Meets East / Stock-Markets / Global Financial System

By: Darryl_R_Schoon

Best Financial Markets Analysis ArticleThe preferred diet of most Davos attendees is a fusion inspired composition of individual, government, and corporate debt combined with a free-market frisee of lax regulatory oversight held together by a roux of central bank credit that dissolves instantly when paired with matching counter-party risk.

The January 2008 gathering in Davos , Switzerland at the World Economic Forum is similar to the 1957 meeting in Palermo , Sicily of American and Sicilian Cosa Nostra crime families who met to discuss mutual problems and opportunities. The notable difference being that those in the Cosa Nostra live outside the law; while those at the World Economic Forum in Davos make them.

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Stock-Markets

Wednesday, January 23, 2008

Expert Views on the Stock Market Credit Crisis and Global Economy / Stock-Markets / Global Financial System

By: John_Mauldin

Best Financial Markets Analysis ArticleThis week we do something a little different in our Outside the Box. Every weekend I get a very information-filled blog called Investment Postcards from Cape Town ( http://www.investmentpostcards .com ) by Dr. Prieur du Plessis. In it he highlights what he thinks is the most important portion of the writings of 10 to 15 analysts from around the world on the state of the economy and investing, and summarizes the news and data. I find it very useful, as Prieur generally finds a lot of interesting pieces that I miss and go on to read in my effort to stay on top of the markets. You can subscribe on your own if you like by activating the subscription option on the blog.

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Stock-Markets

Tuesday, January 15, 2008

Shadow Banking System Crumbling as Losses Double to $500 Billion / Stock-Markets / Global Financial System

By: John_Mauldin

Best Financial Markets Analysis ArticleThis week look at a short but very important piece by Bill Gross. He has my same concern about credit default swaps, but he puts a number to it. He thinks the cost to the world economic system could be in the $250 billion dollar range. Add that to the $250 billion in losses due to the subprime markets, and you are starting to talk real money. The Shadow Banking System is at the center of the problem. I trust you will find this of interest.

Bill Gross was just named Fixed Income Manager of the Year by Morningstar. He sits on the largest pile of bonds in the world at PIMCO and is their Managing Director.

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Economics

Thursday, January 10, 2008

The Coming Economic Depression & Christmas On Threadneedle Street / Economics / Global Financial System

By: Darryl_R_Schoon

Best Financial Markets Analysis ArticleThe address of the Bank of England is Threadneedle Street , EC2 London. Martha and I could not have been closer. On Christmas day, we were at the Threadneedles Hotel at 5 Threadneedle Street . But proximity to the Bank of England is measured not by distance but by influence. Those closest to the Bank of England are the moneylenders.

England 's reign as a world power actually began on Threadneedle Street . Then, no bank had its own building and bankers were but goldsmiths who lent money and rented space to do business. But after the moneylenders cut their bargain (and it was a bargain) with King William of England , things were never to be the same, either for England or the moneylenders—or the world.

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Economics

Monday, January 07, 2008

NO Economic Decoupling Instead Greater Interdependence - 2008: The Year of Reckoning ? / Economics / Global Financial System

By: Brent_Harmes

Best Financial Markets Analysis ArticleWhat lies dead ahead for our economy.- The main stream press is finally waking up to the economic realities that are starting to affect us here and now.  The January 7, 2008 Forbes magazine has an article by Ernest Zedillo, (former President of Mexico and current Director of The Yale Center for the study of Globalization) titled, 2008:  Year of Reckoning .  This article is written by a very studied and intelligent man that has seen first hand the effects of currency and borrowing problems.  He sees major problems dead ahead for the global economy and I think he absolutely hits the nail on the head with his analysis.  Here are a few quotes from that article along with my comments:

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Interest-Rates

Thursday, December 20, 2007

Bond Markets Train Wreck Imminent? / Interest-Rates / Global Financial System

By: Paul_Tustain

Best Financial Markets Analysis ArticleNext week may hold some unpleasant surprises – you may profit from an early warning.

YESTERDAY WE LEARNED that the British government's guarantee to bail out Northern Rock's creditors is worth a staggering £100 billion. That's £5,000 [$10,000] per British household. This week the European Central Bank made $500 billion available through money market operations. And only last week $110bn of new money was created by central bank loans with artificially low rates and reduced-quality security. This is money creation on an epic scale.

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Housing-Market

Wednesday, December 12, 2007

Global Financial Crisis Consequence of the Biggest Housing Bust in US History / Housing-Market / Global Financial System

By: Mike_Whitney

Best Financial Markets Analysis ArticleThe wreckage in the housing market just keeps piling up. Sales of existing homes in October dipped 23.5% from last year. Prices on new homes dropped 13% year over year. Third quarter foreclosures skyrocketed to 635,000, a 94% increase over last October and an all-time high on the Misery-Meter. The real estate market is in free-fall and the real trouble hasn't even begun yet.

California, Nevada, Arizona and Florida are mired in a full-blown housing depression. Inventory is off-the-chart. Presently, there's a 10.8 month backlog and the numbers are steadily rising. If foreclosures continue at the current pace, by the end of 2008, there'll be a 14 month inventory. That means that every builder in the country could take off his tool-belt right now and stop working FOR MORE THAN A YEAR before the market would clear. Contractors would be filling out job-applications at Red Lobster or looking for an empty street-corner with a tin cup.

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Interest-Rates

Tuesday, December 11, 2007

Subprimes Hit Dervatives Shadow Banking System / Interest-Rates / Global Financial System

By: John_Mauldin

Best Financial Markets Analysis ArticleThis week in Outside the Box we will look at Bill Gross of Pimco's latest essay, addressing the ever expanding economic repercussions of the poorly understood CDO/CLO market, the off balance sheet structured investment vehicles (SIVs) and the economic abyss Bernanke and Company are attempting to lead the market out of with neither light nor guide. Bill sits on the top of the largest bond firm in the world, so they have some very unique insights into what is happening. I always pay attention to what Bill says, and you should too.

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Stock-Markets

Tuesday, December 04, 2007

G7 Creating Rolling Asset Bubbles That Implode - Fingers of Instability, Part 14 / Stock-Markets / Global Financial System

By: Ty_Andros

Best Financial Markets Analysis ArticleIn This Issue- 3 Fingers of Instability

  • Moral Hazard, Herding Cats and Shades of Japan !
  • Ghosts of Christmas “Future”
  • Shocking News!

Introduction
The “fingers of Instability” series will be wrapped up next week (in the months and years ahead we will bring you short vignettes). It's been a fun and enjoyable mental exercise but it has now unfolded pretty much as outlined since it began. It is prelude to the next chapter in the unfolding demise of the G7 and its financial and monetary systems. But it has a long way to run (several decades in my estimation) and the opportunities are generational in scope. Wealth will shift from one group to another and change the face of the Globe.

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Interest-Rates

Monday, December 03, 2007

Catch-22 for US Fed and Global Economy On Interest Rates / Interest-Rates / Global Financial System

By: Captain_Hook

What can I tell you, but I told you so. Finally, Europeans are waking up to the fact cake eaters on Wall Street intend to devalue their way out of their problems, as forecast here on these pages recently. This is because it's really beginning to hurt, and it now appears the US intends to make the currency trade a one way event in postponing any pain like the stock market.

The only problem with this brand of thinking, if you can call what price managers are doing these days thinking, is a good old-fashioned currency crisis , which should go a long ways in waking up slumbering societies around the world in turn, along with keeping gold in the forefront. This should become even more apparent today with Bernanke speaking, where already yesterday a panicky Fed was pandering the mob by hinting at lower rates.

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Economics

Saturday, December 01, 2007

Are We Heading for Hyperinflation or Deflation? - At Philosophical Crossroads / Economics / Global Financial System

By: Brian_Bloom

Best Financial Markets Analysis ArticleFor some unfathomable reason, the human mind tends to think in terms of extremes. For example: “Death or Glory”, “Success or Failure”, “Accelerating growth or Collapse”.

Thus, the questions being asked in today's financial world seem to be revolving around whether we are facing “hyperinflation or depression”. All of which begs the questions: Why does it have to be at one or the other extreme? Why can't there be something in between? Alternatively, why can't there be a paradigm shift which renders the very question irrelevant?

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Politics

Monday, October 29, 2007

The Bank of the South: An Alternative to IMF and World Bank Dominance / Politics / Global Financial System

By: Stephen_Lendman

In July, 2004, the IMF and World Bank commemorated the 60th anniversary of their founding at Bretton Woods, NH to provide a financial framework of assistance for the postwar world after the expected defeat of Germany and Japan. With breathtaking hypocrisy, an October, 2004 Development Committee Communique stated: "As we celebrate the 60th anniversary of the Bretton Woods Institutions....we recommit ourselves to supporting efforts by developing countries to pursue sustainable growth, sound macroeconomic policies, debt sustainability, open trade, job creation, poverty reduction and good governance." Phew.

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Politics

Sunday, October 07, 2007

Losing the Peace Incentive - Israel As Warning - Part 8 / Politics / Global Financial System

By: Stephen_Lendman

Conventional wisdom once thought economic growth and prosperity required peace and stability. No longer. Post-9/11, the terror scare was ignited, wars rage in Iraq and Afghanistan, more war is threatened on Iran, oil prices touched $80 a barrel, the WTO Doha Round trade talks collapsed, and "a golden period of broadly shared growth" prevails (at least until the recent credit crunch). How come?

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Stock-Markets

Friday, October 05, 2007

Capitalism and Freedom Unmasked / Stock-Markets / Global Financial System

By: Stephen_Lendman

Best Financial Markets Analysis ArticleAn era ended November 16, 2006 when economist Milton Friedman died. A torrent of eulogies followed. The Wall Street Journal mourned his loss with the same tribute he credulously used when Ronald Reagan died saying "few people in human history have contributed more to the achievement of human freedom." Economist and former Treasury Secretary Lawrence Summers called him a hero and "The Great Liberator" in a New York Times op-ed; the UK Financial Times called him "the last of the great economists;" Terence Corcoran, editor of Canada's National Post, mourned the "free markets" loss of "their last lion;" and Business Week magazine noted the "Death of a Giant" and praised his doctrine that "the best thing government can do is supply the economy with the money it needs and stand aside."

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Economics

Tuesday, October 02, 2007

Return of Trade Tariff Wars / Economics / Global Financial System

By: Gerard_Jackson

Kevin Rudd is signalling that a Labor Government would introduce another tariff regime. Rudd’s threat basically rests on two arguments, whether he knows it or not: The main one being that tariffs are needed to protect Australian manufacturing before it disappears. Then there is the subsidiary argument that tariffs are needed to protect jobs and real incomes. It is now time to give some basic economic facts another airing:

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Politics

Monday, October 01, 2007

The Rise of the Disaster Capitalism Complex - Shock Therapy in the USA - Part 5 / Politics / Global Financial System

By: Stephen_Lendman

Richard Nixon knew before the rest of us that Donald Rumsfeld is "a ruthless little bastard." He also has a knack for making enemies even inside the Pentagon he ran as Defense Secretary. He planned to "reinvent warfare for the twenty-first century (making it) more psychological than physical, more spectacle than struggle, and far more profitable" than ever before.

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Politics

Sunday, September 30, 2007

The Shock Doctrine: Lost in Transition: Slamming the Door on History - Part 4 / Politics / Global Financial System

By: Stephen_Lendman

Before the Berlin Wall fell, Lech Walesa became a labor hero in Poland and the West by defying the Moscow-controlled government and getting away with it. Solidarnosc (Solidarity) spread from its Gdansk roots to the country's mines, shipyards and factories and within a year had 10 million members. They won the right to bargain but wanted more. They aspired to take over the state and institute their own alternative economic and political program. It's radical centerpiece was to transform huge state-run companies into worker-run cooperatives so Solidarity members could be empowered in their own "socialized enterprise."

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Stock-Markets

Wednesday, September 26, 2007

Macro Musings: Northern Rock Exposure / Stock-Markets / Global Financial System

By: Justice_Litle

Best Financial Markets Analysis ArticleBY NOW YOU HAVE probably heard about Northern Rock—the UK mortgage bank that got, er, rocked.

"It was a very British bank run," portfolio manager Tim Price reports. "The queues were orderly, but the emotional impact will scar people for generations." 

What's remarkable is how long it's been since the last one. Northern Rock was Britain's first bank run since 1866.

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Politics

Wednesday, September 26, 2007

The Shock Doctrine: Surviving Democracy - Part 3 / Politics / Global Financial System

By: Stephen_Lendman

Chicago School dogma became known as Thatcherism in Britain, but its prime minister wasn't an early adherent. Margaret Thatcher thought Chilean shock therapy wasn't possible in a democracy like the UK because voters wouldn't buy it. Three years into her first term, her approval rating was lower than George Bush's. She was in danger of not being reelected and didn't dare risk imposing bitter economic medicine that would sink her chances. That is, until destiny intervened on April 2, 1982 when Argentina invaded the British-held Falkland Islands off its coast that was unimportant to either country except for the political hay to gain from war.

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Politics

Saturday, September 22, 2007

Chile The First Test - The Bloody Birth of the Counterrevolution - Part 2 / Politics / Global Financial System

By: Stephen_Lendman

Reviewing Naomi Klein's "The Shock Doctrine: The Rise of Disaster Capitalism" - Introduction ,
Part 1 - Two Doctor Shocks - Torture and Chicago School Fundamentalism

Counterrevolution began 34 years ago in Chile on another September 11 that should have been unimaginable and had to seem surreal. There were tanks in the streets and fighter jets attacking government buildings in a scene all too real and deadly. It played out in Santiago and around Chile and was just the beginning of a long nightmare.

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Politics

Saturday, September 22, 2007

Two Doctor Shocks - Torture and Chicago School Fundamentalism - Part 1 / Politics / Global Financial System

By: Stephen_Lendman

Reviewing Naomi Klein's "The Shock Doctrine: The Rise of Disaster Capitalism" - Introduction

Following a crisis shock, another quickly follows. The corporate piranhas exploit disorientation with economic "shock therapy" along with "police, soldiers and prison interrogators" with torture their method of choice "to build a model country (by) erasing people and then trying to remake them from scratch."

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Politics

Friday, September 21, 2007

The Shock Doctrine: The Rise of Disaster Capitalism / Politics / Global Financial System

By: Stephen_Lendman

Reviewing Naomi Klein's "The Shock Doctrine" - Naomi Klein is an award-winning Canadian journalist, author, documentary filmmaker and activist. She writes a regular column for The Nation magazine and London Guardian that's syndicated internationally by the New York Times Syndicate that gives people worldwide access to her work but not its own readers at home.

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Stock-Markets

Saturday, September 15, 2007

Gold Bull Market as OECD and IMF Warn of Global Financial Instability / Stock-Markets / Global Financial System

By: Julian_DW_Phillips

Investment Climate Changes - Think back to two months ago. Now think back to today. There have been some big changes in confidence levels, not only in global growth, but the financial structures of the world. Lots of reassuring words are flying around, but few are convinced that all is well. This would not matter so much but some of the statements of concern have come from the leading figures in the globe's main financial institutions. Mr. Ben Benanke has warned that the U.S. Trade deficit is unsustainable, he also warned of a potential waning of foreigner's appetite for U.S. Treasury securities. Read full article... Read full article...

 


Stock-Markets

Friday, September 07, 2007

Are The Banks In Trouble? / Stock-Markets / Global Financial System

By: Mike_Whitney

Best Financial Markets Analysis Article

 “ The new capitalist gods must love the poor – they are making so many more of them .” Bill Bonner, “The Daily Reckoning”

The hope of every central bank is that the real problem can be kept from public view. The truth is that the public---even professionals on Wall Street---have no clue what the real problem is. They know it has something to do with derivatives, but none of them realize that it's more than a $20 trillion mountain of unfunded, unregulated paper that has just been discovered to not have a market and, therefore, no real value… When the dollar realizes the seriousness of the situation---be that now or sometime soon---the bottom will drop out. Jim Sinclair, Investment analyst

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Forecasts

Thursday, August 30, 2007

Sovereign Wealth Funds – A Controversial New Power in Global Markets / Forecasts / Global Financial System

By: William_R_Thomson

Best Financial Markets Analysis Article

The imbalanced global economy of recent years, where the US ran huge current accounts deficits of USD 800 billion or so and emerging markets built up huge surpluses of foreign exchange, is passing from a benign period to one that could bring the openness of investment markets into question and engender a lapse back into financial protectionism.

Ten years ago Asia, Russia, Latin America were broke and In crisis having to obey the dictates of the International Monetary Fund to pull themselves out of the hole the markets had dug for them. With the oil price hovering in the teens, OPEC had no spare funds either. In the midst of the tech boom the US was top dog and ruled the roost.

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Interest-Rates

Monday, August 27, 2007

US Fed - A "Slow Motion Train Wreck" / Interest-Rates / Global Financial System

By: Stephen_Lendman

Best Financial Markets Analysis ArticleThese days, financial/market punditry seems to follow two opposite lines of thinking. It ranges from the predominant view that world economies are growing and sound, problems in them minor and fixable, and current volatility (aka turmoil) is corrective, normal and a healthy reassessing and repricing of risk. Contrarians, on the other hand, believe the sky is falling. Most often, extreme views like these turn out wrong and are best avoided. Things are never that simple and hindsight usually proves only Cassandra was good at forecasting although calling market tops and bottoms wasn't her specialty.

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Interest-Rates

Monday, August 20, 2007

The Reserve Bank of Australia gets it Wrong on Financial Markets / Interest-Rates / Global Financial System

By: Gerard_Jackson

Last week the Reserve Bank of Australia raised interest rates. Glenn Stevens, the Reserve's governor, told the house of representatives standing committee on economics, finance and public administration that he did not regret the decision. He said: “It has been a little bit difficult to read what the current trend in inflation is over recent quarters”. Let me see if I can help out here. Inflation, Mr Stevens, is a monetary expansion.

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Stock-Markets

Thursday, August 16, 2007

Stock Market Investments - Take More Profits Now! / Stock-Markets / Global Financial System

By: Money_and_Markets

Larry Edelson writes: I'm just back from Asia with visits to Thailand, Singapore, Manila and Sydney. And I'll get right to the bottom line: I have no doubt in my mind whatsoever that overseas economies will continue to explode higher.

However, my on-the-ground experience from this trip also tells me that even Asian economies could hit some headwinds over the next few months.

I attribute this to three forces …

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Economics

Saturday, August 11, 2007

Making Money vs Creating Wealth - Migrating to New Energy Paradigms Part 5 / Economics / Global Financial System

By: Brian_Bloom

Making money is not the same as creating wealth. The objective of this article is to facilitate an understanding of this deceptively simple statement which, in turn, will facilitate an understanding of the dimensions of the problems now being faced by humanity. Hopefully, this will lead to a realization that these problems – most of them – are soluble within a relatively short space of time.

Perhaps this anecdote will help to set a mental framework:

A long, long time ago I was number two ‘opening bat' for my school's First XI cricket team. I played sport six days a week in those days and had great hand/eye co-ordination. In my mind I can still recall the pleasure of opening my shoulders and smacking a loose ball for six over the bowler's head. The ball would connect with the “sweet spot” of the bat and soar into the bleachers above the sight screen at the far end of the field. It didn't happen often – but when it did, wow!

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Currencies

Tuesday, August 07, 2007

Making Sense of the Currency Market Turmoil / Currencies / Global Financial System

By: William_R_Thomson

How far will the US$ fall? Will yen 'carry trade' positions unwind swiftly? Experts give their take on these and related concerns

OVERVIEW

The combination of a sliding dollar, an unwinding of yen 'carry trades' (whereby yen are used to finance investment or speculation in higher- yielding currencies) and a credit crunch in US markets has sent financial markets reeling around the world. Volatility is back and global asset valuations are looking shaky.

The Business Times gathered together an impressive array of experts to discuss just how serious the situation is - and where investors should look for refuge in the storm.

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Politics

Thursday, July 26, 2007

On the Evolution of Civilizations / Politics / Global Financial System

By: Christopher_Quigley

The essence of the myth of the Western tradition is the ideal of an independent life lived in liberty and dignity through family and community . This liberty and independence promotes enterprise and action. Such a myth engendered the human initiative which gave birth to such epoch-changing developments as paper money, financial credit, steam power, the combustion engine, steel hull shipping, electricity, wireless communication, television, air flight, nuclear power, the micro chip and the Internet.

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Stock-Markets

Monday, July 16, 2007

Cyclical Stock Market Highs – Secular Trends – And The Sinking Of The USS Titanic / Stock-Markets / Global Financial System

By: Captain_Hook

A great deal has already been written on this subject as it pertains to both stocks and commodities, with Michael Alexander's work a shining example in this regard. Of course if you were to compare how the markets are behaving in relation to how conventional analysis along these lines was foretelling what we should expect back at millennium's turn, one might be quite surprised today.

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Interest-Rates

Tuesday, July 10, 2007

The Dash for Cash Goes Global / Interest-Rates / Global Financial System

By: Adrian_Ash

"...How much intangible debt now needs to be squeezed into how much real money...?"

IS THIS WHAT a credit crunch feels like on the ground? Way behind the curve of my own domestic finances as ever, I've been trying to raise a fresh mortgage on my house – well, for around half of its outstanding value, at least.

In fact, I'm just one of 750,000 borrowers in the United Kingdom about to come out of a two-year fixed deal to find interest rates have risen from 4.50% to 5.75% since late 2005 – and all of the lenders I've approached just raised their rates.

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Economics

Saturday, June 30, 2007

Sovereign Wealth Funds / Economics / Global Financial System

By: Mike_Hewitt

Central banks have traditionally kept their reserves in relatively low-yielding, highly liquid government securities, agency debt, money-market instruments and bank deposits. The most current official IMF figure for official worldwide foreign currency reserves is US$5.89 trillion. At US$1.35 trillion, China holds the world's largest pool of official reserves, followed by Japan with US$911 billion and Russia with US$403 billion.

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Commodities

Thursday, June 28, 2007

Crack Up Boom Part IV - Gold, Oil and the Dollar / Commodities / Global Financial System

By: Ty_Andros

The Crack-up Boom Series Part IV Introduction

The Crack Up Boom series is exploring the unfolding “Indirect Exchange” (as detailed by Ludvig Von Mises), that dollar holders will be using to exit their holdings now and eventually is will be followed by all holders of fiat currency holdings no matter which country is perpetrating the “fraud” of confiscation of wealth through the printing and credit creation process that all such monetary schemes evolve into. The “Crack Up Boom” will drive an inflationary global expansion to inconceivable heights over the coming years. Asset prices will skyrocket as people do what they always do when threatened, they will modify their behavior and do the things necessary for “SELF PRESERVATION” of their families, countries, economies and their wealth. Let's take a look at Von Mises description of the CRACK UP BOOM once again:

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Economics

Monday, June 25, 2007

Banks Fight to Postpone Day of Reckoning on Bad Loans Defaults Crisis / Economics / Global Financial System

By: Axel_Merk

The U.S. trade deficit with the rest of the world leapfrogged in recent days: aside from goods and services, we are now importing “consensus based crisis management” from Japan. Out of fear that a cleanup of bad loans would trigger widespread defaults, Japanese banks got themselves deeper and deeper into trouble by hushing up the problems. We are talking about the crisis at Bear Sterns' subprime hedge fund. The crisis shows that major adjustments on how the market prices risks are overdue; this may have negative implications for stocks, bonds, commodities as well as the dollar.

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Stock-Markets

Saturday, June 23, 2007

Your Financial Edge - Bubbles, Bubbles Everywhere and What Can Go Wrong - China / Stock-Markets / Global Financial System

By: John_Mauldin

In this issue:
Your Financial Edge
Blame It on Stability
That Day of Reckoning
A Billion Here, A Billion There
Bubbles, Bubbles Everywhere
What Can Go Wrong: China
600 Home Runs, Calgary, and La Jollay

This week we look at length at an outstanding new book just hitting the bookstores by good friend Paul McCulley (of Pimco fame), called Your Financial Edge . The main themes will give me an opportunity to weave in a few thoughts about some recent data, and a lengthy telephone interview with Paul, done just before writing this week's letter, will bring us up to date on his current thinking. I think readers will take away a few good ideas, so let's jump right in.

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Interest-Rates

Monday, June 18, 2007

Super Heroes of Central Bank Policy / Interest-Rates / Global Financial System

By: Adrian_Ash

"Is it a bird, is it a plane...or is it a central banker wearing his underpants over his trousers...?"

JUST HOW POWERFUL are the world's central bankers? As comic-book super heroes go, these mild-mannered scholars would no doubt confess that they look a bit weedy.

The massed talents of the Federal Reserve or Bank of England, for instance, hardly ever leap over tall buildings in a single bound. Ben Bernanke and Mervyn King don't own a flowing cape between them, not judging by the multi-year wait for long-dated bond yields to catch up with their gently rising overnight base rates.

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InvestorEducation

Sunday, June 17, 2007

Should Self-Sufficient Countries Trade? / InvestorEducation / Global Financial System

By: Mike_Hewitt

Countries that are self-sufficient have enough resources to meet the demands of their citizens. Such countries do not need to trade, but there is advantage to be gained by trading. These benefits are three-fold: reduced prices, a tradable surplus, and/or reduced work hours for their citizens.

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Interest-Rates

Thursday, June 14, 2007

The Global Bond Bear Market on the Back of the Inflationary Boom Ahead / Interest-Rates / Global Financial System

By: Ty_Andros

  • First Stage in motion, with small signs of wake up!
  • Ethanol Blow Back

CRACK-UP BOOM, part II
In this edition of the “Crack-up Boom” series, we will begin to discuss more in depth how the CRACK-UP BOOM is principally dollar-based now and we will show its fingerprints in US-based money flows, both into and out of the United States, as investors begin to take the actions necessary to protect themselves from the ensuing tsunami of inflation which can be expected.

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InvestorEducation

Thursday, June 14, 2007

Economic Growth Theory: Re-Evolution And The Steady State Of M. King Hubbert / InvestorEducation / Global Financial System

By: Christopher_Quigley

Integrity, intellectual honesty, courage, focus, foresight, leadership, belief in the goodness of the American people. These are descriptions that spring to mind when thinking of M. King Hubbert. He was a visionary who believed in the power of ideas and the need to use intellectual rigour to analyse and manage change. As a research geophysicist he understood the problems posed by the reality of peak oil and the cultural catastrophe that lay before humanity unless it realised the non-recurring historical nature of the growth phenomenon.

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InvestorEducation

Tuesday, June 12, 2007

Money Masters - Documentary on The Federal Reserve Bank and How International Bankers Gained Control of America / InvestorEducation / Global Financial System

By: Submissions

This film is probably the best history movie you will ever see in your life. In total it is about 5 hours of footage but worth every second. You will probably learn more in 5 hours of watching this film than you will learn in any college history class. Fasten your seat belts.

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Stock-Markets

Tuesday, June 05, 2007

Dangerous Divergences in the Global Bond and Stock markets / Stock-Markets / Global Financial System

By: Gary_Dorsch

Once upon a time, many years ago, the US stock market lived in fear of a violent band of traders known as the “bond market vigilantes”. Whenever the Federal Reserve's money supply measures grew too rapidly, or the US economy grew too strongly threatening to stoke higher inflation, the “bond vigilantes” would take matters into their own hands, by jacking-up 30-year Treasury bond yields as much as 25 basis points or short-term T-bill rates by 50 basis points in a single day.

Former US Treasury secretary Robert Rubin convinced his boss, President Bill Clinton that taming the “bond vigilantes” by reducing the budget deficit was the best way to reach long-term economic prosperity. As Clinton political guru James Carville famously put it, “I used to think if there was reincarnation, I wanted to come back as the president or the Pope or a .400 baseball hitter, but now I want to come back as the bond market. You can intimidate everybody,” he once quipped. Read full article... Read full article...

 


Economics

Friday, June 01, 2007

US Politicians Playing with Matches as they Threaten a Mutually Destructive Trade War with China / Economics / Global Financial System

By: Ty_Andros

This week US Treasury Secretary, Hank Paulson, held a summit meeting with Chinese Vice-premier Wu Yi in Washington DC . It was mostly overlooked in the press and media as the fight over funding the war in Iraq consumed the headlines. The impact of this summit sets the table for the future of the United States in a far more meaningful manner as it outlines the coming miscalculations of the Mandarins in Washington DC . And like an exploding cigar, these issues have the potential to blow up in our faces, the unintended consequences of which can create investment opportunities that can be anticipated.

In the last several months the protectionist bombast (soon to be bomb blast) has been spewing forth from the most ignorant of our federal public servants who inhabit the Di strict of Columbia . These elected representatives from both sides of the aisle have decided to try to pin the tail on the Chinese for the failure of US public policy to set the table for wealth creation, and an expanding US economy, in the emerging global economy.

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Politics

Friday, May 11, 2007

NGO Dinosaurs such as the IMF and World Bank / Politics / Global Financial System

By: Ty_Andros

Most NGO's (non governmental organizations, funded by groups of nations for common goals) such as the United Nations, OECD, World bank, the International Monetary fund were valuable contributors to world stability after world wars I and II. But for lack a mission now all have sunk into the depths of corrupt bureaucracies. They are comic book characters now slinking around the world serving up self aggrandizing and self serving goals. Just as Government programs everywhere never are ended decades after their usefulness has ended, but never die, these dinosaurs still roam the earth fighting extinction. They are politically correct as their original intentions/missions were so virtuous, so nobody calls a spade a spade in the politically correct press. Now they are big money machines with heavy strings attached, power and control strings.

Anybody that is involved with them are in it for the money and the money they graft off them is enormous. Any nation taking advice from the IMF is doomed to poverty and economic destruction, its prescriptions are recipes for disaster. Ask Russia , Argentina , Thailand and Brazil to name a few.

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Economics

Friday, May 11, 2007

Are We Headed for Another Great Depression? / Economics / Global Financial System

By: Mike_Whitney

My talks with Elaine Meinel Supkis

Question: I've been getting more and more e mail from people who are worried that the policies of the Bush administration will bring about a severe economic downturn or, perhaps, even another Great Depression. Do you believe that the problems in the real estate market, the falling dollar, the massive current account deficit, or the shaky hedge fund industry are likely to cause major meltdown?

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Economics

Thursday, April 26, 2007

Death of Bretton Woods II / Economics / Global Financial System

By: Jim_Willie_CB

Throughout the entire 2004 and 2005 years, the global financial markets were subjected to utter nonsense and propaganda about a new Macro Economy. Its main pillar was the recycle of vast Asian trade surplus into USTreasurys. The chief carnival barker for the concept was Alan Greenspan, even as its proponents labeled the crutch the name “Bretton Woods II” in pure heretical fashion. The Bretton Woods Accord, linking the USDollar to gold, was real and valid and enforced. It is about as far in function, meaning, and validity as gold (real & tangible) is from the USDollar (paper & counterfeit).

Thus the HERESY. In the last several months, a painfully clear trend is the ABSENCE of Asian recycled funds. On a net basis, led by Japan and China , the Asian group has shown flat USTBond purchases from their central banks, a radical departure from yesteryears. The US exports its inflation to Asia in order to pay for its bill for finished products, but Asia has RESISTED the temptation to put good money after bad into USTBonds. Implications concerning the faulty and stripped mythological premise are huge.

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Economics

Tuesday, April 24, 2007

Economic Armageddon Is Coming / Economics / Global Financial System

By: Joel_S_Hirschhorn

Stop being a compliant consumer. Face the ugly truth. Don't get fooled by the stock market. Accept the need for the mistreated middle class to become the revolutionary class. The British military establishment's most prestigious think tank sees what too few over-consuming Americans are willing to anticipate. Unjustified and mounting economic inequality is planting the seeds for global economic conflict.

Here is what the new report from the UK Defense Ministry's Development, Concepts and Doctrine Centre warned might happen by 2035. "The middle classes could become a revolutionary class. The growing gap between themselves and a small number of highly visible super-rich individuals might fuel disillusion with meritocracy, while the growing urban under-classes are likely to pose an increasing threat...Faced by these twin challenges, the world's middle-classes might unite, using access to knowledge, resources and skills to shape transnational processes in their own class interest."

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Currencies

Thursday, March 08, 2007

Will Crude Oil be traded in currencies other than the US Dollar ? / Currencies / Global Financial System

By: Julian_DW_Phillips

Oil is priced in the U.S. $, which makes it one of the vital interests of the U.S. Without this backing to the $ we have no doubt the path of the $ to the global reserve currency would have been impaired and be undergoing a major attack by now. The thought of oil being priced in currencies other than the $ poses a threat to the credibility of the U.S.$ of major proportions. Any talk of a switch to pricing in other currencies [let alone an actual switch] poses a threat to the U.S. $ in its reserve currency role. This threat is now a real one and poses a considerable danger to the $ in time.

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Politics

Sunday, January 28, 2007

The New World Order - Bilderbergs a power elite who supposedly rule the world / Politics / Global Financial System

By: Douglas_V_Gnazzo

The Bilderbergs - who are they and what do they do? An aura of mystique surrounds the name, casting shades of reflections of the power elite who supposedly rule the world. Presidents, royalty, prime ministers, global industrialists, and financial leaders from around the world are said to be members of the secrete organization that meets once a year to set the direction and course of international affairs, world events, and global policies.

The first Bilderberg conference was held at the Bilderberg Hotel in Osterbeek Holland in May 1954, from which it derives its name. Created as a secret and supportive adjunct of NATO and the Marshall plan of the 1940s, the raison d'etre behind the group was to promote post war trans-Atlantic cooperation between America and Europe. It has since evolved into much more.

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Politics

Friday, January 26, 2007

Secrets of the New World Order / Politics / Global Financial System

By: Douglas_V_Gnazzo

My last article ended with several quotes from Professor Carroll Quigley, a world renowned scholar who had written quite extensively about secret societies and other elite groups, whose sole purpose was to establish a New World Order.

The following part of one such quote reveals important insights into not only Quigley, but the entire subject as well.

"In fact, this network, which we may identify as the Round Table Groups, has no aversion to cooperating with the Communists, or any other groups, and frequently does so. I know of the operations of this network because I have studied it for twenty years and was permitted for two years, in the early 1960's, to examine its papers and secret records.

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