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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
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Just when you thought things were getting better - IMF chief warns no country immune from crisis

Just when you thought things were getting better - IMF chief warns no country immune from crisis | Countdown to Financial Armageddon | Scoop.it

WASHINGTON (Reuters) - No country is immune from an escalating euro zone crisis and each one must act to head off the risk of a global depression, the head of the International Monetary Fund said on Thursday.IMF...

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Bloomberg Poll: Sixty One Percent respondents predict Chinese credit crisis by 2016

Most global investors predict China will face a banking crisis within the next five years, paring their appetite for the nation's shares and eroding confidence in its leadership, a Bloomberg Global Poll indicated.

 

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On verge of new world recession! Why employment could take 5 years to return to pre-crisis levels

On verge of new world recession! Why employment could take 5 years to return to pre-crisis levels | Countdown to Financial Armageddon | Scoop.it

The global economy is on the verge of a new and deeper jobs recession that may ignite social unrest, the International Labour Organization warns. It will take at least five years for employment in advanced economies to return to pre-crisis levels, it said.

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RECOMMENDED READING: How to Survive The Coming Global Debtquake 2011-2022

RECOMMENDED READING: How to Survive The Coming Global Debtquake 2011-2022 | Countdown to Financial Armageddon | Scoop.it

How make money trading the global debt crisis.

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Currency Wars: Japan 'ready' to act on yen

Currency Wars: Japan 'ready' to act on yen | Countdown to Financial Armageddon | Scoop.it

Japan is prepared to take action in the foreign exchange market to stem the rising yen, says its finance minister.

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Doomsday hedging pushes China markets to extremes

The euro-zone debt crisis and fears of a U.S. recession have doomsayers unsurprisingly pricing in another global financial meltdown. More of a surprise is that they are taking no chances on China.

 

The world's second-biggest economy certainly has its problems. It is exposed to any global downturn. Accounting scandals at U.S.-listed Chinese firms have tainted investor perception and a mountain of local government debt has raised worries about the health of Chinese banks.

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China's economic growth slows (a bit)

China's economic growth slows (a bit) | Countdown to Financial Armageddon | Scoop.it

If only Western economies could grow by a fraction of this! China's economic expansion slows during the third quarter of the year as government measures to control inflation hurt growth.

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China's debt pileup raises risk of hard landing

China's debt pileup raises risk of hard landing | Countdown to Financial Armageddon | Scoop.it

When China announced a nearly $600 billion package to ward off the 2008 global financial crisis, city planners across the country happily embarked on a frenzy of infrastructure...

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Why is Greece Buying 400 Tanks From The US?

Why is Greece Buying 400 Tanks From The US? | Countdown to Financial Armageddon | Scoop.it

Greece has apparently just ordered 400 tanks from the United States. No idea where the money comes from though. And what do they need them for? 

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Down, Down Down! UK banks hit by Moody's downgrade

Down, Down Down! UK banks hit by Moody's downgrade | Countdown to Financial Armageddon | Scoop.it

Moody's downgrades the credit rating of 12 UK financial firms because it believes the government is now less likely to provide support.

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Why Europe's Debt Crisis Could Trigger another Giant Bailout of Wall Street

Why Europe's Debt Crisis Could Trigger another Giant Bailout of Wall Street | Countdown to Financial Armageddon | Scoop.it

If Greece goes down, investors will flee Ireland, Spain, Italy, and Portugal. All of this sends big French and German banks reeling. If one of these banks collapses, or show signs of major strain, Wall Street is in big trouble.

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Germany Overtakes Spain in Credit Default Swaps

Bets on German credit quality overtook those on Spain for the first time in a year as the mounting cost of bailing out the region's most indebted nations infects Europe's largest economy.

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"The money ran out in June and what you are seeing now is the beginning of a new credit crunch, except this time it will be truly global, not Western,"

"The money ran out in June and what you are seeing now is the beginning of a new credit crunch, except this time it will be truly global, not Western," | Countdown to Financial Armageddon | Scoop.it

The global financial system is on the edge of a new credit crunch as the cost of insuring the bonds of banks across the world hits new highs, analysts
have said.

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Cyber attacks could wreck world oil supply

Cyber attacks could wreck world oil supply | Countdown to Financial Armageddon | Scoop.it

DOHA (Reuters) - Hackers are bombarding the world's computer controlled energy sector, conducting industrial espionage and threatening potential global havoc through oil supply disruption.Oil company...

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Did a Catfish Cause the Debtquake?

Did a Catfish Cause the Debtquake? | Countdown to Financial Armageddon | Scoop.it

An excellent article from BullionVault! 'The Japanese used to think a giant catfish caused earthquakes. He shuffled and shifted whenever the great god of Kashima forgot to keep his foot on a heavy stone holding the beast down, deep beneath the coast of Honshu, some 80 miles north-east of what was then Edo (and is now Tokyo)...

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Why the latest eurozone bail-out is destined to fail within weeks - Telegraph

Why the latest eurozone bail-out is destined to fail within weeks  - Telegraph | Countdown to Financial Armageddon | Scoop.it

I want last week's European bail-out to work. My sincere hope is that collective and decisive action by the eurozone's large member states will stabilize global markets, at least for a while, so allowing the global economy to catch its breath.

 

By late Thursday, though, and certainly on Friday, the warning signs were there. Global bond markets, by character more sober and smarter than the excitable equity guys, were voting against the deal. This is alarming. For it is only by selling more bonds that the eurozone's deeply indebted governments can roll-over their enormous liabilities and keep the show on the road.

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The Dragon's long tail risk: the cost of a 'what if China crashed' doomday scenario

The Dragon's long tail risk: the cost of a 'what if China crashed' doomday scenario | Countdown to Financial Armageddon | Scoop.it

(Reuters) - The China hard-landing debate is a classic tail risk story -- an unlikely scenario, but if it materializes the consequences could be catastrophic.Because of their close trade links, Malaysia,...

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World population could hit 15 billion by 2100

World population could hit 15 billion by 2100 | Countdown to Financial Armageddon | Scoop.it

Nearly 7 billion people now inhabit planet but projections that number will double this century have shocked academics...


Via Wildcat2030, ddrrnt, ABroaderView
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China Cuts Off World's Rare Earth Metal Supply (it now controls 97% of total output)

China Cuts Off World's Rare Earth Metal Supply (it now controls 97% of total output) | Countdown to Financial Armageddon | Scoop.it

China only has about 30 percent of the world's rare earth metal deposits, but thanks to clever planning it today controls 97 percent of the world's production of these scarce resources. Deposits of this family of 17 elements -- vital to power electronics found in televisions, smart phones, electric vehicles, and a variety of other devices -- are found in California, Canada, Australia, and Russia, but it will take years to bring them online.

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Slowdown in China's trade growth

Slowdown in China's trade growth | Countdown to Financial Armageddon | Scoop.it

China's Exports rose 17.1% in September, from a year earlier, but fell from a 24.5% growth in the previous month. Meanwhile, imports rose 20.9%, down from a 30.2% jump in August.

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How long before an American Caligula appears?

How long before an American Caligula appears? | Countdown to Financial Armageddon | Scoop.it

You want to know what lies ahead? Just read the classics…particularly the history of Rome. Empires have roles to play too. They have scripts to follow. They have plots they must respect…and destinies they must fulfill. For example, in the US, it is probably only a matter of time before a weak president is replaced by a strong emperor.

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jda2000's comment, October 7, 2011 6:54 PM
Will you accept a negative integer for an answer?
Nick Laight's comment, October 8, 2011 5:02 AM
Yes, and intrigued how a maths term will be used as a riposte
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Watch this BBC interview to see IMF advisor Predict GLOBAL BANKING MELTDOWN

Dr. Robert Shapiro who advised Presidents Clinton and Obama and who currently advises the IMF predicts possible banking meltdown within the next few weeks!

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Occupy Wall Street Protest - A Video Montage

Not sure about the soundtrack, but some arresting images from the Occupy Wall Street demonstrrations

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Why China's Economy is on the Edge of a Nervous Breakdown

Over the past several weeks, a number of news reports and market figures have caught my attention, which appear to indicate that China’s economy may be approaching a crisis. I use the word “crisis” in the traditional (or medical) sense, meaning a critical turning point when tensions or contradictions are resolved, for better or worse — sometimes in unexpected ways. 

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Sino Contagion? S.M.E. credit crisis 'could sweep China'

Sino Contagion? S.M.E. credit crisis 'could sweep China' | Countdown to Financial Armageddon | Scoop.it

The failure of a number of small and medium-sized businesses in Wenzhou marks the beginning of a much larger wave of corporate bankruptcies across the rest of China, economists warn.

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