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It’s A Revolution: German Banks Told To Start Hoarding Cash

By Simon Black Just stunning. German newspaper Der Spiegel reported yesterday that the Bavarian Banking Association has recommended that its member banks start stockpiling PHYSICAL CASH. Europe, of course, has been battling with negative interest rates for quite some time. What this means is that commercial banks are being charged interest for holding wholesale deposits at … Continue reading

Jim Rogers Says 100% Probability U.S. Is Heading For Recession; Data Backs Him Up

By Samuel Bryan, SchiffGold Media and government officials keep telling us the economy looks great, but a peek behind the curtain tells a different story. Some people do see the writing on the wall. Peter Schiff has been saying the US may well have already entered a recession. Last month, Jim Grant echoed Peter, saying the US … Continue reading

The World Map Of The U.S. Trade Deficit

By Jeff Desjardins, Visual Capitalist The United States has now run an annual trade deficit for 40 years in a row. Last year was no exception, and in 2015 the U.S. had over $1.5 trillion in exports while importing $2.2 trillion of goods. The resulting trade deficit was -$735 billion. Today’s map from HowMuch.net, a cost information … Continue reading

‘We Will Participate’: Saudi Military Admits US Coalition Mulling Ground Invasion In Syria

Saudi Arabia has acknowledged that the US-led anti-ISIS coalition has held a “political” discussion about a potential ground troop deployment in Syria. Riyadh’s statements have been criticized by Damascus as destructive and a threat to regional security. In an interview with Reuters, an aide to Saudi Arabia’s defense minister, Brigadier General Ahmed Asseri, confirmed that … Continue reading

The Economic Collapse Of South America Is Well Underway

By Michael Snyder The 7th largest economy on the entire planet is completely imploding.  I have written previously about the economic depression that is plaguing Brazil, but since my last article it has gotten much, much worse.  During 2015, Brazil’s economy shrank by 3.8 percent, but for the most recent quarter the decline was 5.89 percent … Continue reading

Japan: The Canary In The Coal Mine Of The Global Collapse?

By James Corbett, TheInternationalForecaster.com An utterly insane bubble of market insanity directly blown by the central bank? Check. The sudden and cataclysmic popping of that bubble? Yup. A rush to prop up the “too big to fail” banks by papering over their credit defaults with government promises (at taxpayers’ expense, of course)? Old hat to the … Continue reading

Sheen On The Oil Slick Getting Darker

By David Haggith, The Great Recession Blog Last week, I wrote that the day would come soon when oil prices would take another nasty dive because there is nowhere left to store oil, causing the spot price for immediately delivery to dive toward the zero bound. This week we see how close that day is … Continue reading

Brazil’s Economic Growth Falls To 25-Year Low

Brazil’s economy suffered its worst economic slump in a quarter of a century in 2015 amid a “perfect storm” with severe factors both on the domestic front amid a political crisis, high inflation, fiscal issues, sovereign downgrades, and fleeing investment; but also from severe factors from abroad as oil and commodity prices continue to plunge and growth in China slows. Official data released on Thursday by national statistics … Continue reading

China Prepares To Lay Off Millions Of State Workers Amid Industrial Overcapacity

By John Ward and Peter Symonds In the lead-up to the National People’s Congress (NPC) starting on Saturday, the Chinese government has announced massive layoffs in state-owned enterprises in coal and steel. Further sackings in other basic industries are being foreshadowed in moves that will result in millions of workers losing their jobs and heightened … Continue reading

The Importance Of Africa’s Informal Economy

By Anzetse Were It is well known that in Africa there exist two types of economies: the formal and the informal. Often the general assumption is that the formal economy is the more important of the two, and often it is the formal sector which gains attention in terms of policy formulation, development strategies and … Continue reading

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