In the “very interesting” category comes this prophecy by the famous Jewish Rabbi, Yitzchak Kaduri. It is said that the Lubavitcher Rebbe predicted that Rabbi Kaduri would bear witness to the coming of the Messiah. That got my attention, because quotes from the Lubavitcher Rebbe (Rabbi Menachem Mendel Schneerson) comprise one of my favorite books, Bringing Heaven Down to Earth: 365 Meditations of the Rebbe. During his final years on Earth, Rabbi Kaduri’s thoughts were centered on the coming of the One who would redeem Israel. The Rabbi passed on in January of 2006….READ
On Wednesday, July 2nd, Ukrainian President Petro Poroshenko resumed unlimited war against the residents of southeastern Ukraine, whom he calls “terrorists” for their wanting not to be killed by his troops. European leaders (especially Merkel of Germany, Hollande of France, and Putin of Russia) urged him not to resume his bombing campaign against the southeast, but the U.S. (specifically President Obama) supports the bombings, and that’s enough for Poroshenko; so, he did it. As the U.S. State Department said, “he has a right to defend his country.” Reuters reports that Poroshenko gave as his reason for the resumption, “to rid Ukraine of ‘parasites’.” Adolf Hitler had given the same reason for ethnically cleansing his country.
Here are videos and photos of the Obama Administration’s sponsored ethnic cleansing to reduce the population in the areas of Ukraine that had voted overwhelmingly “the wrong way” in Ukraine’s final nationwide election, in 2010: the areas of Ukraine that overwhelmingly chose as Ukraine’s President the man whom Obama’s coup overthrew in February 2014. After this ethnic cleansing, maybe Ukraine can have another nationwide election, which will produce the type of outcome that the U.S. Government likes. But on 25 May 2014, we held in Ukraine an election where people voted only in the pro-American portion of Ukraine, and only leaders who were acceptable to the U.S. White House were allowed onto the ballot.
America’s “news” media are not reporting on America’s ethnic-cleansing program in Ukraine. It’s happening in the dark, as far as the American public are concerned: they don’t know about it. But, here it is: this, is what they are hiding from you….READ
Harry S. Dent Jr., Senior Editor, Survive & Prosper
I have been warning for years that the greatest — and final — bubble to burst, in this century of bubbles, would be China. Now that cracks in the great red dragon’s economy are widening, it’s time to prepare for the worst.
China has a unique, state-driven model of capitalism that clueless economists have hailed as the “new model for economic success.”
But I say China’s model (and economy) will fail drastically, proving once and for all that government-planned economies do not work as well as free market capitalism balanced by democracy.
China has massively overbuilt everything: industrial capacity, housing, offices, malls, infrastructure, you name it.
It’s overbuilt twice as much, and for twice as long, as any other government-driven emerging economy ever has. In fact, the last government-driven over-investment spree occurred in Southeast Asia, and it resulted in a financial crisis between late 1997 and late 2002. And China has made that situation look puny by comparison.
There is no way this can end any way other than very, very badly. The question is: when will an economic collapse come? The answer is, sadly: sooner than you’d like.
Here are the seven signs the end is near…
Sign #1: Recently, a large Chinese property developer decided, for the first time, to discount condos by 40% when sales stalled.
The thing is, this is a shocking step to take in China. It’s just not done.
The affluent Chinese line up to buy overbuilt, empty condos at insanely overpriced levels. They don’t rent them out because there is no rental culture in the country. Ninety percent of homes are owned. They simply buy the property and let it stand empty… so when a developer cuts prices and thus devalues their investment, they get bitterly angry.
But this discounting trend is likely to spread rapidly now as more developers are forced to discount prices just to raise cash and avoid bankruptcy.
Sign #2: The richest man in China, with $31.9 billion, is Li Ka-shing. He and his son, Richard, have sold $3 billion of prime commercial properties in the last nine months. That tells me the smart money is leaving before the bubble bursts!
Sign #3: A Bain & Company/Chinese bank survey of affluent households showed that 60% of the rich are considering moving overseas because they don’t trust government or the bubble, pollution levels are getting intolerable, and they want to get their kids an English-speaking education.
Sign #4: A number of major developers have gone bankrupt. These developers are highly leveraged and pose the greatest threat to the banking system, which has grown more through shadow banking and sub-prime lending in the last few years than anything sustainable. The worst new statistic, as developers pull back, is that housing starts in floor space dropped 37% in the first four months of 2013.
Sign #5: Bad loans are rising fast in China. The country’s private debt is now higher than that of the U.S. or Europe, as you can see in the chart below. At 190% and rising, it’s higher than emerging countries in Asia in 1998, when private debt peaked at 160% before a five-year currency and financial crisis.
But note that this chart doesn’t include financial sector or government debt. When you add those numbers into the pot, my estimates of the country’s total debt is around 277% of GDP. That’s much higher than other emerging countries like Brazil, which is at 152%, India at 130%, and Russia at 78%.
Emerging countries don’t have nearly the private debt of developed nations because their incomes are low and their citizens and businesses are less creditworthy. So for China to have a total debt of around 277% is unprecedented for an emerging country.
Sign #6: A major agricultural co-op closed its doors and investors couldn’t withdraw their deposits.
Sign #7: A major Chinese solar company defaulted on its bonds — the first to occur in China.
Thus far, the government has quietly bailed out or covered over the defaults and cracks. But they’re now hinting that they’re going to let more defaults happen to “slowly let the air out of the balloon.”
The Chinese government simply doesn’t have a clue. Actually, no government does. They always think they can deflate bubbles slowly to ensure a soft landing.
Soft landings never occur in major bubbles.
Bubbles don’t correct. They burst.
They get so extreme — and China’s bubble is the most extreme of all — that once they start to unwind, you get an avalanche of deleveraging and defaults that build on each other.
Bubbles become black holes.
I expect major problems in China likely by the summer or fall.
When China blows, there won’t be an effective stimulus policy from the U.S., Europe, or Japan, to counter such a shock. It will make the U.S. sub-prime crisis look like a Sunday afternoon picnic.
The North American Free Trade Agreement (NATFA) was the door through which American workers were shoved into the neoliberal global labor market.
By establishing the principle that U.S. corporations could relocate production elsewhere and sell back into the United States, NAFTA undercut the bargaining power of American workers, which had driven the expansion of the middle class since the end of World War II. The result has been 20 years of stagnant wages and the upward redistribution of income, wealth and political power.
NAFTA affected U.S. workers in four principal ways. First, it caused the loss of some 700,000 jobs as production moved to Mexico. Most of these losses came in California, Texas, Michigan, and other states where manufacturing is concentrated. To be sure, there were some job gains along the border in service and retail sectors resulting from increased trucking activity, but these gains are small in relation to the loses, and are in lower paying occupations. The vast majority of workers who lost jobs from NAFTA suffered a permanent loss of income…more
*What’s most interesting is how NAFTA paved the way for China to take over*
A divided U.S. Supreme Court struck down decades-old limits on the total amount donors can give to federal candidates and parties, dealing a fresh blow to efforts to curb the role of money in American politics.
Voting 5-4 along ideological lines, the court today said the caps violated the speech rights of Shaun McCutcheon, an Alabama Republican official seeking to give candidates, parties and political committees more than the $123,200 maximum. It was the court’s biggest campaign-finance decision since its 2010 Citizens United ruling allowed unlimited corporate spending…more
(CNSNews.com) – The number of Americans receiving subsidized food assistance from the federal government has risen to 101 million, representing roughly a third of the U.S. population. The U.S. Department of Agriculture estimates that a total of 101,000,000 people currently participate in at least one of the 15 food programs offered by the agency, at a cost of $114 billion in fiscal year 2012. That means the number of Americans receiving food assistance has surpassed the number of full-time private sector workers in the U.S. According to the Bureau of Labor Statistics (BLS), there were 97,180,000 full-time private sector workers in 2012….more
Bert And Ernie Gay Marriage? Sesame Street Says No
Source: Huffington Post
Bert and Ernie will not be getting married. To each other, or anyone else. The demands of a petition calling for Bert and Ernie to get married, which has become an internet sensation in the last few years, has been gently denied by the Sesame Street Workshop, who issued this statement on their Facebook page:
Bert and Ernie are best friends. They were created to teach preschoolers that people can be good friends with those who are very different from themselves. Even though they are identified as male characters and possess many human traits and characteristics (as most Sesame Street Muppets™ do), they remain puppets, and do not have a sexual orientation.
For the most part, Ben Bernanke and his colleagues at the Federal Reserve have been good guys in these troubled economic times. They have tried to boost the economy even as most of Washington seemingly either forgot about the jobless, or decided that the best way to cure unemployment was to intensify the suffering of the unemployed. You can argue — and I would — that the Fed’s activism, while welcome, isn’t enough, and that it should be doing even more. But at least it didn’t lose sight of what’s really important. Until now...more
Have you ever Tweeted a politically subversive message, attended a protest, or signed an oppositional petition? If so, you may have a dedicated file on you kept by the FBI and/or the NSA….more
Small businesses are being ‘left out in the cold’ nearly a year after the Government launched an emergency cash lifeline to rescue them, official figures revealed yesterday. On another dire day for Britain’s banks, the Bank of England warned net lending continues to drop sharply, down £300million between January and March. Net lending is the total amount handed out by banks, building societies and other lenders, minus the total amount repaid by their customers...more
BAGHDAD — Since the American-led invasion of 2003, Iraq has become one of the world’s top oil producers, and China is now its biggest customer.
China already buys nearly half the oil that Iraq produces, nearly 1.5 million barrels a day, and is angling for an even bigger share, bidding for a stake now owned by Exxon Mobil in one of Iraq’s largest oil fields.
“The Chinese are the biggest beneficiary of this post-Saddam oil boom in Iraq,” said Denise Natali, a Middle East expert at the National Defense University in Washington. “They need energy, and they want to get into the market.”
Before the invasion, Iraq’s oil industry was sputtering, largely walled off from world markets by international sanctions against the government of Saddam Hussein, so his overthrow always carried the promise of renewed access to the country’s immense reserves. Chinese state-owned companies seized the opportunity, pouring more than $2 billion a year and hundreds of workers into Iraq, and just as important, showing a willingness to play by the new Iraqi government’s rules and to accept lower profits to win contracts….more
**We have a suspicion that the only ones that will benefit are the oil companies. None of it will ever make it home & the cost of this “event” went from 50 billion to 2 trillion (on the low side)
The European Union wants to exempt state control of utilities and support for creative industries from free trade talks with the United Statesdue to start next month, the latest draft of Brussels’ negotiating mandate showed on Tuesday. The draft outlines several exceptions that preserve EU states’ control over sensitive sectors, including the power and water industries and government controlled infrastructure and are likely to be the main areas it seeks to cordon off from negotiations. Senior officials including EU trade chief Karel De Gucht and British Prime Minister David Cameron have called for the bloc to come to the table with a completely open mind and officials say it is unlikely further substantial exemptions will be added….more
“I think he did the right thing,” said the man, emphatically, in reference to Bill Clinton’s 1990s infidelity with Monica Lewinsky. The sentiment, expressed during a conversation I had some years ago, was really no surprise. You see, the fellow was a fine specimen of his political species. In every civilization you have, to use psychological terminology, well-adjusted individuals and dysfunctional ones. Of course, dividing people into two groups in this area will always be problematic, as moral status is a continuum. As we walking, talking anachronisms like to say, we’re all sinners; it’s just a matter of degree. Nonetheless, some people...more
In a world where much faith is placed in random events (lotteries) and causality of events is rarely measured someone has to take the reins and call out to the run-away-team of horses WHOA!! The bombing in Boston had several key links to a known terrorist front group that is still allowed to operate legally in the United States after declaring this company an enemy. If you’re intelligent you should be asking why a terrorist group would be allowed to operate legally in the United States. If you are, you are asking the right question….more
In what may be the most important story of the day, or maybe year, for a world in which there already is an $11 trillion shortfall in high-quality collateral (and declining every day courtesy of Ben’s monetization of Treasury paper) so needed to support the deposit-free liability structures of the shadow bankingsystem (as most recently explained here), Bloomberg has just reported that Europe may begin a crackdown on that most important credit money conduit: the $80 trillion+ global shadow banking system, by effectively collapsing collateral chains, and by making wanton asset rehypothecation a thing of the past, permitted only with express prior permission, which obviously will never come: who in their right mind would allow a bank to repledge an asset which may be lost as part of the counterparty carnage should said bank pull a Lehman. The result of this, should it be taken to completion, would be pervasive liquidations as countless collateral chain margin calls spread, counterparty risk soars all over again, and as the scramble to obtain the true underlying assets finally begins.
Banks and brokers face a clampdown on using assets they hold for clients as collateral for their own trades as part of European Union moves to bolster market stability and rein in shadow banking….more
A wave of bomb attacks in Shia neighbourhoods across Baghdad has killed more than 50 people. Iraqi officials said several parked cars packed with explosives detonated across the city, killing and wounding dozens. Reuters said over 50 people had died while the Associated Press put the day’s death toll at 57. Police and hospital officials reported deadly explosions in the largely Shia neighbourhoods of Sabi al Boor, Bayaa, Kazimiyah, Sadria, and al Maalif, where six people were killed and 12 wounded when back-to-back blasts hit an open air market…more
CHILE – Chilean Navy discovers more than 600 dead animals in Punta de Choros, a small fishing town north of La Serena. The bodies of sea lions, cormorants and penguins littered a seven mile stretch of beach in Punta de Choros, northern Chile on Sunday. The crime scene is in close proximity to the Humboldt Penguin Nature Reserve. Two days prior the Movement in Defense of the Environment (MODEMA) reported a band of ten fishing boats off the coastline of Punta de Choros. MODEMA and other environmental groups accused the boats of blast fishing — using explosives to catch mass quantities of fish. Sernapesca, Chile’s National Fishing Service, investigated the scene and determined that all the animals were killed by the same incident. Autopsies report animals with…more
Asset manager BlackRock said on Tuesday that one of its former employees was arrested in April by City of London police on suspicion of insider dealing. BlackRock did not name the individual but a source with knowledge of the matter said it was Mark Lyttleton, one of the firm’s longest serving British-based fund managers who left the company in March. The source said Lyttleton was one of the people to whom Britain’s Financial Conduct Authority referred on May 3, when it said it had arrested and questioned a man aged 41 and a woman aged 37 on April 30 in West London, in connection with an investigation into insider dealing and market abuse….more
**…and he’s the only one?**
Greek youth unemployment rose above 60 per cent for the first time in February, reflecting the pain caused by the country’s crippling recession after years of austerity under its international bailout. Greece’s jobless rate has almost tripled since the country’s debt crisis emerged in 2009 and was more than twice the euro zone’s average unemployment reading of 12.1 percent in March. While the overall unemployment rate rose to 27 per cent, according to statistics service data released on Thursday, joblessness among those aged between 15 and 24 jumped to 64.2 percent in February from 59.3 percent in January.….more
The following video by Storm Clouds Gathering provides an excellent summary of continuing Chinese efforts to chip away at the US dollar. These include a recent trade agreement between China and Australia to use the yuan and Australian dollar – rather than the US dollar – in bilateral trade. China entered into a similar trade agreement with Russia in 2010 and with Japan in 2011. Another major concern for the Obama administration is recent massive Chinese gold purchases, which suggest they may intend to create a gold-backed currency to rival the US dollar….here
Since I graduated from college in 2009, the economy has remained stagnant and the job market has remained weak, with no sign of improvement. Just last week, the Bureau of Labor and Statistics reported that the unemployment rate hit 7.5 percent.
While the mainstream media and our leaders in Washington want you to believe that the economy is getting better, thanks to more spending, higher taxes, and more regulation, six million people have dropped out of the work force since the recession began in 2008. Young Americans, especially, have it bad….more
Portugal is planning to cut 30,000 civil service jobs and to raise the retirement age by one year to 66 as it tries to meet the terms of a bailout.
Prime Minister Pedro Passos Coelho said civil servants would also be required to work 40 hours a week instead of 35.
The proposals, which would be applied mostly from next year, would save 4.8bn euros (£4bn) over three years, he said.
Austerity measures have proved deeply unpopular and have triggered large protests.
“With these measures, our European partners cannot doubt our commitment” to the bailout, Mr Coelho said in an address to the nation late on Friday….more
Polarization may have legs. A Harvard study suggests that young Americans are becoming more divided politically, giving rise to a chilling thought: The so-called millennials could become “Generation X-treme.”
“Young adults seem to have the same view about politics as the rest of us,” said Esten Perez, communications director for the Institute of Politics at Harvard. “And that’s scary.”
The generation of adults between ages 18 and 29 is often considered by political observers and pop-sociologists to be a source of hope–measurably more tolerant, diverse, global-minded and adaptable than their parents and grandparents. And yet, millennials might be no less divided….more
The institute released an update this week to its 13-year-old study of young adults. It is packed with clues about the nation’s future, including the potential durability of polarization.
Damascus, Syria (CNN) — A series of massive explosions illuminated the dark sky over Damascus early Sunday, igniting renewed claims that Israel has launched attacks into the war-torn country.
A top Syrian official told CNN in an exclusive interview that the attack was a “declaration of war” by Israel. Syria’s government said the target was a military research facility outside Damascus.
Syrian authorities vowed to retaliate against Israel but did not specify what action they would take….more
WASHINGTON (AP) — Israel launched an airstrike into Syria, apparently targeting a suspected weapons site, U.S. officials said Friday night.The strike occurred overnight Thursday into Friday, the officials told The Associated Press. It did not appear that a chemical weapons site was targeted, they said, and one official said the strike appeared to have hit a warehouse...more
The European Central Bank cut interest rates a quarter point to a record low of 0.5pc and threatened to punish banks for hoarding funds, but was faulted for doing too little to pull Europe out of deep recession….more
The downturn in eurozone factory output deepened in April, with the eurozone’s five largest economies posting declines as even powerhouse Germany failed to eke out any growth.
Manufacturing activity in Germany, Europe’s largest economy, fell for the second consecutive month and at a faster pace than in March, while France, Italy and Spain – theeurozone’s second, third, and fourth-largest economies – all saw continued contractions in manufacturing activity….more
It’s not your fault. Since the murder trial of Pennsylvania abortion doctor Kermit Gosnell began March 18, there has been precious little coverage of the case that should be on every news show and front page. The revolting revelations of Gosnell’s former staff, who have been testifying to what they witnessed and did during late-term abortions, should shock anyone with a heart.
NBC-10 Philadelphia reported that, Stephen Massof, a former Gosnell worker, “described how he snipped the spinal cords of babies, calling it, ‘literally a beheading. It is separating the brain from the body.” One former worker, Adrienne Moton, testified that Gosnell taught her his “snipping” technique to use on infants born alive.
Massof, who, like other witnesses, has himself pleaded guilty to serious crimes, testified “It would rain fetuses. Fetuses and blood all over the place.” Here is the headline the Associated Press put on a story about his testimony that he saw 100 babies born and then snipped: “Staffer describes chaos at PA abortion clinic.”…more
April 26, 2013 (WLS) — Glowing sheep sure would have come in hand for Little Bo Peep. She probably wouldn’t have lost them. Scientists in Uruguay presented the first genetically- modified phosphorescent sheep. They used a gene from a jellyfish which is responsible for a green fluorescent protein. Now, these sheep glow in the dark....more
Get ready for The Triumph. This powerful new documentary investigates one of the greatest mysteries in the modern world… a real-life prophecy unfolding today.
Once in a rare while, a documentary film comes along that has the power to change the world. According to early reviews, The Triumph is one of those films.
Spain’s population fell last year for the first time in decades, as immigrants left the country amid a major economic crisis, officials say.
The National Statistic Institute (NSI) says the number of residents dropped by almost 206,000 to 47.1m – the decline entirely accounted for by foreigners.
Immigrants from Ecuador and Colombia showed the biggest fall.
The figures do not take into account many Spaniards who have left in search of work but are still on the census….more
FRANKFURT — When Wolfgang Schäuble, the German finance minister and war horse of European politics, celebrated his 70th birthday at a theater in Berlin last September, two of the most powerful women in the world offered warm words in his honor. One was Chancellor Angela Merkel. The other, delivering the keynote speech, was …more, the managing director of the . Ms. Lagarde’s presence reflected her close, longtime friendship with Mr. Schäuble. But it also was a confirmation of the enormous stature that Ms. Lagarde and the I.M.F. have acquired in Europe as a result of the euro crisis.
Growing concern at the International Monetary Fund over the long-term side-effects of interest rates close to zero came as some of the leading figures in central banking conceded they were flying blind when steering their economies.
Lorenzo Bini Smaghi, the former member of the European Central Bank’s executive board, captured the mood at the IMF’s spring meeting, saying: “We don’t fully understand what is happening in advanced economies.”....more
In a NY Times piece, Teresa Tritch wrote about Louis Freeh’s recently released investigative report of what went wrong when MF Global collapsed in October 2011 due a wayward trade strategy on European debt. At the firm’s helm was former Senator and Governor of NJ Jon Corzine who has not been heard from since (save a few congressional hearings where he said little). Freeh’s report summarized that Corzine “knew, or should have known” about weaknesses in the firm’s internal risk controls. Tritch wrote that the report suggests that “Mr. Corzine passive-aggressively let those weaknesses endure, because stronger controls would have put an end to his bigger-is-better trading strategy.” While Corzine was not criminally prosecuted, and most likely never will be, those loose internal controls that were tolerated within the company cost one young man years in prison … Evan Brent Dooley….more
(Reuters) – The number of Americans filing new claims for unemployment benefits rose last week and factory activity in the nation’s Mid-Atlantic region cooled in April, further signs of a moderation in economic growth.
Underscoring the softening growth outlook, another report on Thursday showed a gauge of future economic activity fell in March for the first time in seven months. They were the latest data to indicate a step-back in the economy after a brisk start to the year as tighter fiscal policy began to weigh....more
(Reuters) – Germany’s lower house of parliament voted overwhelmingly on Thursday to grant Cyprus a 10 billion euro bailout that is designed to avert bankruptcy for the tiny Mediterranean island nation and keep it in the euro zone. Of the 601 lawmakers present in the Bundestag chamber, 487 backed the rescue, under which Cyprus has agreed to impose major losses on depositors, shutter its second largest bank and raise its corporate tax rate. Separately, German parliamentarians also backed seven-year loan extensions for bailout victims Portugal and Ireland...more
China placed itself on a collision course with the U.S. today after accusing Washington of destabilizing the Asia-Pacific region with its growing military presence in the area. Beijing said America’s strategy of bolstering its alliances by sending more ships, planes and troops to the region ‘frequently makes the situation tenser’. The policy, known as the ‘pivot’ to Asia, will see 60 per cent of the navy’s fleet deployed to the Pacific by 2020....more
Biden insisted that there would be no central registry for background checks allowing government to keep records on gun owners.
“No way that Uncle Sam can go find out whether you own a gun because we’re about to really take away all your rights and you’re not going to be able to defend yourself and we’re going to swoop down with Special Forces folks and gather up every gun in America,” Biden added mockingly. “It’s bizarre. But that’s what’s being sold out there.”
More journalists were killed during the US-led invasion and occupation of Iraq than in any war in history.
On April 8, 2003, during the US-led invasion of Iraq, Al Jazeera correspondent Tareq Ayoub was killed when a US warplane bombed Al Jazeera’s headquarters in Baghdad.
The invasion and subsequent nine-year occupation of Iraq claimed the lives of a record number of journalists. It was undisputedly the deadliest war for journalists in recorded history.
Disturbingly, more journalists were murdered in targeted killings in Iraq than died in combat-related circumstances, according to the group Committee to Protect Journalists.
CPJ research shows that “at least 150 journalists and 54 media support workers were killed in Iraq from the US-led invasion in March 2003 to the declared end of the war in December 2011.”
“The media were not welcome by the US military,” Soazig Dollet, who runs the Middle East and North Africa desk of Reporters Without Borders told Al Jazeera. “That is really obvious….here
Two bombs at the Boston Marathon have left at least two dead and scores injured. Here is a history of the worst bombings in the US dating to the 1800s and including some famous attempts that failed:
Two explosions occurred near the finish line at the Boston Marathon on Monday about four hours after the start of the race.
At least three people were killed, and more than 100 were wounded.…more
BRUSSELS — As the European Union’s wealthiest country, Luxembourg could have been forgiven for thinking that it would never find itself on the bloc’s financial risk list.
With just half a million people living on a tiny patch of lush land nestled between Belgium, France and Germany, Luxembourg is as tranquil as a buzzing financial center gets. Still, some of Europe’s regulators and politicians have started wondering aloud whether its banks might be holding the 17-nation eurozone’s next ticking bomb.
Following the chaotic bailout for Cyprus last week, European officials have been drawing worrying comparisons between the two countries’ oversized financial industries.
Mario Draghi, president of the European Central Bank, cautioned on Thursday that “the recent experience shows that countries where the banking secto
r is several times bigger than the economy are countries that, on average, have more vulnerabilities.” “Financial shocks hit these countries stronger, simply because of the size of their banking sector.” (Here)
U.S. markets, particularly the riskiest areas of investment, are likely to benefit at least near term from the latest entrant to the central bank money-printing arena.
Following the lead of the Federal Reserve, the Bank of Japan last week announced an even more ambitious project to use created funds to buy assets in the hopes of boosting investment and inflation.
Considering the U.S. central bank already has pushed its balance sheet past $3 trillion, that’s saying something.
Not to fear, though, that Japanese markets may begin to compete with the U.S. for investment money: Many experts figure that the BoJ’s efforts will only complement, rather than divert from, the American central bank stimulus regime.
A Chinese Air Force officer on Saturday accused the U.S. government of creating the new strain of bird flu now afflicting parts of China as a biological warfare attack.
People’s Liberation Army Sr. Col. Dai Xu said the United States released the H7N9 bird flu virus into China in an act of biological warfare, according to a posting on his blog on Saturday.
The charge was first reported in the state-run Guangzhou newspaper Southern Metropolis Daily and then picked up by several news outlets in Asia.
State Department spokesman Jason Rebholz dismissed the claim. “There is absolutely no truth to these allegations,” he told the Washington Free Beacon.
The title says it all…Here