Nearly 7 billion people now inhabit planet but projections that number will double this century have shocked academics... Via Wildcat2030, ddrrnt, ABroaderView, Nick Laight 
European Union chiefs are drawing up plans for a single “Treasury” to oversee tax and spending across the 17 eurozone nations. 
The US Federal Reserve offered emergency lending programs to help banks with cash. See an updated ranking of financial institutions that had the biggest loans.
European Union chiefs are drawing up plans for a single “Treasury” to oversee tax and spending across the 17 eurozone nations. 
You can't blame investors for feeling a bit cautious regarding the Dow Jones Industrial Average's (DJIA) recent push from 10,700 to 11,140 in the past month. The stock market's bears say it's a false rally, and the Dow is likely to fall. 
The sinister Guy Fawkes masks made famous by the film V for Vendetta have become an emblem for anti-establishment protest groups. Who's behind them? 
Banks and governments in these five shaky economies owe each other many billions of euros, and have even larger debts to Britain, France and Germany. 
Whther this guy is a self-promoter or not, you've got to watch this jaw-dropping video. Alessio Rastani claims ‘Goldman Sachs rules the world’ and says millions will lose their savings...'
Although it now seems Rastani is a chancer, his interview has become a viral hit ... perhoas because he so eloquently articulated what most of us really thought?
"For most traders we don't really care about how they're going to fix the economy... Our job is to make money from it."Personally I've been dreaming of this moment for three years. I have a confession: I go to bed every night and I dream of a recession."
The Bank of England injects more money into the economy via quantitative easing, but what exactly is "QE"? 
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. 
Writing in The Daily Mail Lord William Rees Mogg, opined, "I am old enough to have taken an adult view of the stock market crash and the ‘stagflation’ of the Seventies. The key year was 1973, when the oil-exporting countries used their monopoly to force up the price of oil." 
"The world does seem to be falling apart," Lewis says. Just watch, read or listen to the news. As civil unrest flares in a near-bankrupt Greece and European leaders struggle to avert "contagion", it is hard not to worry that the Great Recession caused by the collapse of debt-laden banks might – horribly – be just a prelude to the even greater disaster of debt-laden countries toppling like dominoes. Via Nick Laight 
Showing the Americans how to do civil unrest properly - protesters in cities around the world take to the streets to demonstrate against financial mismanagement, with riot police charging crowds in Rome. |
Europe's leaders are threatening to trigger a formal default on Greek debt and risk a “credit event” if banks refuse to accept losses of up to €140bn (£120bn) on their holdings. 
The total of U.S. state debt, including pension liabilities, could surpass $4 trillion, with California owing the most and Vermont owing the least, a new analysis says. The housing bust, financial crisis and economic recession caused states' tax revenue to plunge, and huge holes have emerged in their budgets over the last few years. Because all states except Vermont must end their fiscal years with balanced budgets, states have scrambled to cut spending, hike taxes, borrow and turn to the federal government for help. 
(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,... 
Lord Wolfson, the chief executive of Next, offers a £250,000 prize for the best answer to how to manage one or more countries leaving the euro. Here's an idea... Stop. Reset. Go
- A simultaneous global debt cancellation programme
- Dollar to be replaced by global reserve currency backed by a basket of hard assets
- Nationalise all banks
And while there at it agree global demilitarisation, implement all climate agreements and establish a common energy policy and resolve border disputes.
As an exercise in monetary policy, it's probably not the sort of thing that would be advocated by John Maynard Keynes or Milton Friedman. Amid a disastrous economic crisis, the Belarus central bank has attempted to raise capital by selling off used office equipment and furniture. Five hundred items were put up for sale in an auction that it was hoped would raise around £10,000.
Amid a crippling financial crisis, Belarus is seeking a $7bn (£4.4bn) emergency bailout from the International Monetary Fund. The value of its currency has fallen sharply in recent months, while inflation has skyrocketed to over 40%, fuelling discontent with the regime of authoritarian President Alexander Lukashenko. 
Bill Bonner gives his assessment of how to fix the financial crisis, by letting it default and collapse. '... every bailout makes the world poorer. Because it’s clearly bad money after good. Greece does not suddenly become a good credit risk just because you lend it more money. And Americans won’t be made richer because the feds offer them more debt at an even cheaper rate!' 
Occupy’ protesters have come up with a novel approach to demonstrate against corporate greed by adding figure infographics to dollar bills - legally!
“Defacement of currency is a violation of Title 18, Section 333 of the United States Code. Under this provision, currency defacement is generally defined as follows:
Whoever mutilates, cuts, disfigures, perforates, unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, Federal Reserve Bank, or Federal Reserve System, with intent to render such item(s) unfit to be reissued, shall be fined not more than $100 or imprisoned not more than six months, or both.”
So looks like the protestors are ok as the relevant serial numbers are left intact and the bills are still legal tender ... but what about the Federal Reserve itself? Surely Bernanke and his predecessors going back to 1971's Nixon Shock have a case to answer for. If fiat currency isn't the ultimate debasement of money, what is? 
America and Europe are on the brink of complete financial meltdown. In the coming weeks and months we could see stock markets collapse, property values fall and the price of fuel and food soar as we enter a depression that could last years or even decades.
Follow the latest on the crisis plus how to prepare yourself for the challenges and the profit opportunities ahead. Click on the image to start your free subscription 
One reason optimists retain a positive outlook on life despite all evidence to the contrary has been discovered, say researchers. 
A senior police officer and a number have MPs have warned riots which swept England and led to nearly 3,000 arrests in the capital alone could flare up again. 
For the second consecutive day after a U.S. Senate vote aimed at penalizing China for undervaluing its currency, Beijing lowered the range at which the yuan could trade against the dollar. |
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