For those hoping that the recent brief dip in Brent crude below $50 – most notably Venezuela’s intrepid socialist leader Nicolas Maduro whose numbered days get shorter with every day Brent closes red, and countless bondholders of junk- debt capitalized shale companies – would mean that Saudi Arabia’s vendetta against OPEC would finally be put […]
ECONOMY
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Nuclear Power Plant Leak Into Lake Michigan Goes Unnoticed for Two Months
Tony Geren(The Pontiac Tribune) – Plant officials believe at least 2,000 gallons of oil leaked into the Lake Michigan and personnel suspect the leak has probably been ongoing since October 25th, 2014. Officials with the Donald C. Cook Nuclear Plant near Bridgman reported the leak to the U.S. Nuclear Regulatory Commission and local authorities on December 20th, 2014, […]
Russia’s “Startling” Proposal To Europe: Dump The US, Join The Eurasian Economic Union
Slowly but surely Europe is figuring out that as a result of the western economic and financial blockade of Russian, it is Europe itself that is suffering the most. And while Germany was first to acknowledge this late in 2014 when its economy swooned and is now on the verge of a recession, now others […]
China’s Christmas Present To The World: Beijing Eases Again, Sets Non-Bank Deposit Reserve To Zero
Four years ago, on Christmas Day in 2010, China shocked the world when, unexpectedly, hiked its lending and deposits rates by 0.25% in order to battle inflation – only its second such hike in the prior 3 years. Since then things for the global economy haven’t done exactly as expected, and certainly not for China, […]
China President Warns: Prepare For War As China Prepares To ‘Bail Out’ Russia!
The President of China, Xi Jinping, has issued a strong warning to his People’s Liberation Army, “Prepare For War!” In this new story excerpted below from The Week we learn that China’s neighbors nearby and as far away as Washington DC have no idea what all this preparation by China is for. Is China preparing […]
In 2008, the U.S. spent $700 billion bailing out bankers, it also paid $451 billion in interest on the national debt, to the same bankers
The Emergency Economic Stabilization Act of 2008, commonly referred to as a bailout of the U.S. financial system, is a law enacted in response to the subprime mortgage crisisauthorizing the United States Secretary of the Treasury to spend up to $700 billion to purchase distressed assets, especially mortgage-backed securities, and supply cash directly to banks. […]
“Isolated”? China Officially Offers Help To “Irreplaceable Strategic Partner” Russia
Just a week ago we detailed how China was preparing to bailout Russia’s liquidity crisis via the 150 billion yuan swap line the two nations agreed in October. Today, as Bloomberg reports, we got confirmation as two Chinese ministers offered support for Russia. China will provide help if needed and is confident Russia can overcome […]
President Obama signs into law $1.1 trillion spending bill to fund government through September 2015
President Obama signs into law $1.1 trillion spending bill to fund government through September 2015, White House says – @WhiteHouse
Nervous HK rich seek backup after protests – Wei Gu
+Wei Gu The pro-democracy protests in Hong Kong might be fizzling, but its richer residents have started to look for alternatives, writes WSJ wealth editor Wei Gu in the Wall Street Journal. High home prices, costs of living and pollution add to their worries. Wei Gu: Immigration demand has been subdued in recent years after […]
US Govt just put in for more Big Bank BAILOUTS using Federal Deposit Insurance!
“I believe that means this crash will see people’s deposits seized due to all of those laws passed since 2008.” Congressional budget welcomes big bank bailouts once more despite White House opposition Congress has agreed to use federal deposit insurance, which was designed to protect the savings accounts of consumers, to cover risky trading by […]