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China’s Credit Bubble Putting Banks at Risk of Collapse

The unprecedented level of credit expansion in China has gotten to the point where it dwarfs anything we’ve seen before with overall credit now at about $23 trillion, making a severe banking crisis a very real possibility.

With a shadow banking system that is becoming increasingly prominent, the rise of bundling of assets and

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759 Bridges in Washington State Have a Lower Score Than the One that Collapsed

Dan Sligh and his wife were in their pickup truck on Interstate 5 heading to a camping trip when a bridge before them disappeared in a “big puff of dust.”

May 23, 2013: People look on after the Interstate 5 bridge collapsed over the Skagit River in Mount Vernon, Wash. (AP/The Seattle Times)

“I

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10 Indicators From the Global Economic Collapse

economic-collapse

When is the economic collapse going to happen? Just open up your eyes and take a look around the globe.

 

The next wave of the economic collapse may not have reached Wall Street yet, but it is already deeply affecting billions of lives all over the planet. Much of Europe has already

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Bangladesh: Profit Trumps Murder, Human Cost of Cheap T-Shirts

More than 3,000 people worked producing cheap t-shirts for European clothing chains in the highrise sweatshop that collapsed in Bangladesh last week. Hundreds died because the facility was lacking even the most basic safety standards.

Bangladesh Building Collapse Victims

Jamil can’t stop thinking about the voices that came from the building: a

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Eight Story Building Collapses in Bangladesh

An eight-story block housing factories and a shopping center collapsed on the outskirts of the Bangladeshi capital on Wednesday, killing more than 70 people and injuring hundreds, a government official said.

8 Story Building Collapse Containing 2000 kills 76 at last count

Firefighters and army personnel worked frantically through the morning at the Rana

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King of Jordan: Assad’s Days are Numbered

Jordan’s king warned Wednesday that a jihadist state could emerge on his northern border in Syria with Islamic extremists trying to establish a foothold in the neighboring country.

King Abdullah II told The Associated Press in an interview that in his view, Syrian President Bashar Assad was beyond rehabilitation and it was only a matter

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Iceland Jails Bankers for Fraud

jailed bankers iceland

REYKJAVIK – Two former executives at an Icelandic bank which collapsed in the 2008 financial meltdown were sentenced to jail on Friday for fraud which led to a 53 million euro loss, in the first major trial of Icelandic bankers linked to the crisis.

All three of the small North Atlantic

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Impending Economic Collapse Or Just Manipulation?

collapse

Two thermometers into the brains of corporate America plunged to depth not seen since the trough of the Great Recession when the US was losing hundreds of thousands of jobs a month. One was based on responses from CEOs of America’s largest corporations; the other was based on responses from analysts who’d listened to

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If you’re Worried About Collapse, Prepare

You are reading this article because you have a feeling that something is just not right. Everywhere you turn, you can see the signs. But, as you try to grasp what your fears are, you feel the walls closing even tighter. The pressures of determining what to expect, is not the problem. The

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More Reasons to Believe Financial Collapse is Coming

Global leaders have tried just about everything that they can think of, but the coming global financial catastrophe continues to march steadily toward us. We have seen “stimulus packages”, quantitative easing, bond buying, interest rate cuts, emergency economic summits, bailout packages for banks, bailout packages for entire nations, “Operation Twist”, unprecedented government intervention in business

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Myth’s Preventing an Economic Recovery

The Widespread Economic Myths Destroying the Economy

There are many widespread myths preventing an economic recovery, including the following myths:

Military spending stimulates the economy The banks are acting more conservatively now than before the financial

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Despite Election, Greece and Eurozone are Doomed

The election results from Greece are in and the pro-bailout forces have won, but just barely. It is being projected that the pro-bailout New Democracy party will have about 130 seats in the 300 seat parliament, and Pasok (another pro-bailout party) will have about 33 seats. Those two parties have alternated ruling Greece for decades,

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Economic Advisor Warns: Euro Breakdown will be Worse than 2008

Chief economic advisor Kaushik Basu has warned that if the Eurozone breaks up finally, it will be more disastrous than the 2008 global financial crisis triggered by the fall of the Wall Street banks, from which the global economy is yet to recover. “If Europe does slip into a crisis, it is going to be

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Lloyd’s of London Ready for Collapse of Euro

The chief executive of the multi-billion pound Lloyd’s of London has publicly admitted that the world’s leading insurance market is prepared for a collapse in the single currency and has reduced its exposure “as much as possible” to the crisis-ridden continent.

Richard Ward said the London market had put in place a contingency plan to

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Warnings of Lehman 2.0

By John R. Taylor, Jr. Chief Investment Officer FX Concepts

Lehman 2.0

Global investors either have extremely short memories or they are far too concrete, as my wife the psychologist would say. Saying that Greece is not a bank but a country means nothing. Almost all Europeans argue that a default by the Greek government

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Violent Riots In America and Financial Collapse Warns Soros

From time to time we get a peek inside the mind of a true insider. George Soros knows a thing or two about destabilization and far from equilibrium situations. He’s been on the giving and receiving ends of both. From surviving the Nazi occupation of Hungary during World War II, to single handidly crashing the

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Silver and the Coming Collapse

One year ago marked the beginning of silver returning to it’s rightful role as money in the world.One year ago silver was at $17.76 an ounce after a very long and drawn out consolidation that went all the way back to St. Patrick’s Day 2008. One year ago was the beginning of silver’s breathtaking run

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Engineered Collapse Approaching, Accelerating

Ron Paul constantly reminds us that money is created out of thin air, which is to say it’s an illusion. Therefore, the debt must be an illusion too, correct? Yet, fiscal conservatives still use the debt as a tool of fear to make budget cuts that they selectively deem expendable.

Sure, they may think these

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DoD Practicing for Economic Collapse

The majority of Americans believe that recent government intervention into financial markets, the economy and corporate insolvency has reversed the economic downturn which was described by former Treasury Secretary Hank Paulson as being “on the brink” in 2008. The stimulus, bailouts and unrelenting quantitative easing by the Federal Reserve have thus far been

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American and World Economies in Deliberate State of Slow Collapse

Almost two years ago the US Treasury was selling large amounts of short-term Treasury bills to fund bailouts and stimulus. That caused a major increase in debt. Most of that paper was 2-year bills and it is coming due for rollover shortly. While that transpires, October will report the annual fiscal deficit of 9/30/10 of

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