Jaime Caruana, General Manager of the Bank for International Settlements since 2009, recently warned that the global financial system is currently “more fragile” in many ways than it was just prior to the collapse of Lehman Brothers. Speaking of the financial markets, Caruana ominously declared that “it is hard to avoid the sense of a puzzling disconnect between the markets’ buoyancy and underlying economic developments globally” and he noted that “markets can stay irrational longer than you can stay solvent”. In other words, he is saying what I have been saying for so long. The behavior of the financial markets has become completely divorced from economic reality, and at some point there is going to be a massive correction.
Mike Maloney and Ed Steer talk about silver prices and the forthcoming currency crises. “It’s going to go far far higher because of this healthy shakeout that we’ve got” – Mike Maloney on the silver market, June 2014.
The US Federal Reserve holds 45 percent of Germany’s gold assets, and a plan to bring much of that back to its homeland is in jeopardy. Efforts to transport or even audit the billions of dollars worth of precious metal held by the US are being impeded by politics and the Fed itself, creating frustration for many of the plans supporters. RT’s Peter Oliver reports from Berlin on what is holding up the process.
In just 60 minutes this UK-perspective documentary shows how the power to create money is the puzzle piece that economists were missing when they failed to predict the crisis.
We urgently need to move beyond the restrictive political and economic ideologies of the past and embrace solutions that meet the common needs of people in all nations – which will be impossible to achieve without some degree of economic sharing both within and between countries. In an increasingly unequal and unsustainable world in which all governments need to drastically re-order their priorities, a call for economic sharing embodies the need for justice, human rights and sound environmental stewardship to guide policymaking at every level of society.
Multi-millionaire Nick Hanauer sees the writing on the wall: nowhere in history did wealth accumulated like this and the pitchforks didn’t eventually come out.
The idea that the Great Depression was finally brought to an end by the onset of WWII has been a staple of history textbooks, documentaries and various war propaganda for decades. This myth continues to be perpetuated to the present day.
If you are in the midst of a personal economic collapse, you just might be able to change your course by creating your own streams of income instead of relying on an employer to pay you a living wage.
Learn how and why the current monetary system (the U.S. dollar standard) is aging, becoming unstable, and predicted to soon implode.
As the US loses its status as the globe’s number one economic power, a few Americans are amassing staggering wealth. What will become of the rest of us?
The Seattle city council voted unaminously to pass a $15 minimum wage, the highest in the nation. Prior to the vote, groups of workers and activists met weekly, held mass conferences and debates, organized rallies, and engaged thousands of people around the city about the need for a living wage.