By Stephen Lendman When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements (BIS) data show around $700 trillion in global derivatives. Along with credit default swaps and other exotic instruments, the total notional derivatives value is about $1.5 quadrillion – about 20% … Continue reading
By Michael Snyder If we were going to see a stock market crash in the United States in the fall of 2015 (to use a hypothetical example), we would expect to see commodity prices begin to crash a few months ahead of time. This is precisely what happened just before the great financial crisis of … Continue reading
By Michael Snyder There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment. As you are about to see, there are 24 nations that are currently facing a full-blown … Continue reading
Jim Rogers, the Chairman of Rogers Holdings and Beeland Interests, says that the United States has hurt itself and “shot itself in the foot” by pushing Russia closer towards China during an interview with Russia’s Gazeta.ru newspaper. Rogers explained that it’s only a matter of time before Russia becomes a major partner in Asia, which would mean that the … Continue reading
The $100 billion New Development Bank (NDB), also known as the BRICS bank, which comprises of the members of the BRICS grouping of emerging market nations — Brazil, Russia, India, China, and South Africa — will start lending in local currency by April 2016 and its member countries will be the primarily focus of the bank, K.V. Kamath, the President of … Continue reading
As growth in China slows, the nation is looking to crank up its credit machine and allow its banks to lend as much as they desire in a move to help boost economic growth. In one of its boldest and riskiest steps in banking reform, China is moving to end a two-decade-old banking rule that has capped lending relative to deposits. Late on … Continue reading
By Michael Snyder Are we about to witness trillions of dollars of “paper wealth” vaporize into thin air? During the next financial crisis, a lot of “wealthy” investors are going to be in for a very rude awakening. The truth is that securities are only worth what someone else is willing to pay for them, … Continue reading
Indian Prime Minister Narendra Modi on Sunday announced a $1 billion line of credit to Mongolia in addition to upgrading the relationship of the two countries from comprehensive to “strategic partnership”. India will provide Mongolia with a $1 billion line of credit to help the nation fund railway, power, and other infrastructure projects, a much-needed boost for the east-central … Continue reading
By Etienne Lepers Contemporary political analysis, though firmly focused on the yet to be created AIIB, should be equally as focused on the poorly covered Chinese bilateral lending relationships that already exist. China’s role in the global financial system has recently caught the media’s attention more than usual, as Beijing’s financial aspirations create significant diplomatic … Continue reading
By Bill Holter This past Friday, Dave Kranzler of Investment Research Dynamics put out a very thoughtful article and chart regarding the spike in “reverse repurchase agreements” RRP’s held at the Fed http://investmentresearchdynamics.com/tag/reverse-repo-agreement/. The chart in question shows three very distinctive spikes: The first was Sept. of 2008, again in 2011 and the current spike. It is … Continue reading