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Moody’s warns of ’social unrest’ as sovereign debt spirals.
In a sombre report on the outlook for next year, the credit rating agency raised the prospect that future tax rises and spending cuts could trigger social unrest in a range of countries from the developing to the developed world.
It said that in the coming years, evidence [...]
The announcement by the United Nations this week that it will license the minting of silver and gold bullion coins bearing the UN logo may be the button that launches metal prices into orbit.
In its wide-ranging report this fall, the UN Conference on Trade and Development (UNCTAD) stated that the system of currencies and international [...]
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the bonds..the drop in ratings..
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Link here: http://www.martinarmstrong.org/files/The-Dow-the-Future-Theory-Myth-12-6-09.pdf
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a lot of information and right up to date..well researched and prophetic as usual
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As I have previously shown, speculative derivatives (especially credit default swaps or “CDS”) are a primary cause of the economic crisis. They were largely responsible for bringing down Bear Stearns, AIG (and see this), WaMu and other mammoth corporations.
According to top experts, risky derivatives were not only largely responsible for bringing down the American (and [...]
We got the heavy reaction in gold that we had been expecting for some days on Friday. The problem is that we also got a big important breakout in the dollar, which we had acknowledged as a significant possibility for some time. This is not good news for commodities and not good news for the [...]
Over the centuries, there have been some crackers when it comes to bad business decisions. Craig Donaldson lists 10 of the classic additions to the hall of bad business decisions fame.
Napoleon wasn’t a gifted realtor
In 1803, Bonaparte acquired the Louisiana territory — roughly half of the land that became the US — after France made [...]
With his slicked-back hair, neatly trimmed, close-cropped beard, and impeccably pressed suits, Luciano Coutinho looks like any other obscure Brazilian banker.
But he is anything but an average banking man.
Coutinho is the president of the Banco Nacional de Desenvolvimento Econômico e Social - Brazil’s national development bank - simply known by its Portuguese acronym, [...]
The following information may be the most important we have ever published. One of our Intel sources, highly placed in banking circles, tells us that on 1/1/10 all banks that have received TARP funds have been informed by the Federal Reserve that they must further restrict any commercial lending. Loans have to be 75% collateralized, [...]
Paul Reynolds, head of Rothschild’s advisory operations in the Middle East, was this week asked to work for the Dubai government’s chief restructuring officer alongside Aidan Birkett of Deloitte, who was appointed on Wednesday.
The team is tasked with assessing the group’s assets, which is likely to result in a large scale sell-off of assets as [...]
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