Thursday, May 30, 2013
Economic Collapse, Global Economic Crisis And Depression
The global financial crisis, is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s. It resulted in the threat of total collapse from large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of US dollars, and a downturn in economic activity leading to the 2008--2012 global recession and contributing to the European sovereign-debt crisis. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 7, 2007 when a French bank with an auxiliary headquarters in the U.K. terminated withdrawals from 3 hedge funds citing "a complete evaporation of liquidity."
The bursting of the U.S. housing bubble, which peaked in 2006, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally.The financial crisis was triggered by a complex interplay of the overvaluation of bundled sub-prime mortgages, questionable trading practices on behalf of both buyers and sellers, and a lack of adequate capital holdings from banks and insurance companies to back the financial commitments they were making. Questions regarding bank solvency, declines in credit availability and damaged investor confidence had an impact on global stock markets, where securities suffered large losses during 2008 and early 2009. Economies worldwide slowed during this period, as credit tightened and international trade declined. Governments and central banks responded with unprecedented fiscal stimulus, monetary policy expansion and institutional bailouts. Although there have been aftershocks, the financial crisis itself ended sometime between late-2008 and mid-2009. In the U.S., Congress passed the American Recovery and Reinvestment Act of 2009. In the E.U., the U.K. responded with austerity measures of spending cuts and tax increases without export growth and it has since slid into a double-dip recession
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Is The Japanese Market Plunge The Start of a Global Collapse?
The massive transfer of wealth from the US to China, the Federal government cover up of open corruption of the central banks and Keynesian prescriptions for economy — are they all coming together to create a global financial crisis? After a decade of stagnation and central bank easing, Japanese markets plummeted 10% in just days at the end of last week and have failed to recover. Is this the start of a global collapse?
ALERT : Syria Received Advanced AntiAircraft Missiles From Russia
ALERT: Assad Says Syria Has Received Advanced AntiAircraft Missiles From Russia
(NYTimes) BEIRUT, Lebanon — President Bashar al-Assad of Syria said in a television interview to be broadcast on Thursday that Russia has delivered S-300 air defense missiles to his country, weapons that Israel has said present a threat to its security and against which it is willing to use force.
"Syria has received the first shipment of Russian antiaircraft S-300 rockets," Mr. Assad said in the interview, to be broadcast on Al Manar, the television channel of the Lebanese militant group Hezbollah, which in recent weeks has dramatically increased its military intervention in Syria on the side of Mr. Assad's government. "The rest of the shipment will arrive later today."
Russian officials had said earlier this week that the country would deliver the weapons to Syria, a move that Mr. Assad's opponents said was a sign that neither Russia nor the Syrian government was serious about proposed negotiations to end the Syrian civil war that Russia and the United States are trying to organize for as early as next month.
The interview with Mr. Assad was taped on Tuesday, according to the Beirut news director of Iran's English-language Press TV. That same day, Israel's defense minister declared categorically that the missile systems had not yet been delivered.
A senior Israeli official said on Thursday that the S-300 missile systems "do not just come in a box" and that different elements would probably be delivered in stages. It was possible, he said, speaking on the condition of anonymity because of diplomatic constraints, that some parts had arrived in Syria, but he added that there was no indication at this stage that the systems were anywhere near operational.
Secretary of State John Kerry has raised the issue of the arms sales with the Russians, even as he and the Russian foreign minister, Sergey V. Lavrov, are trying to arrange a meeting between the Assad government and the rebels. Asked about the missiles and Israeli warnings that the deliveries of them would pose a threat to Israel, the State Department's spokeswoman, Jen Psaki, said on Wednesday: "We support Israel's ability to defend themselves, certainly, but we remain hopeful and remain committed to working towards a political transition. And that's what our focus is here on Syria, and we remain concerned about the overflow impacts of the events that are happening on the ground."
The Syrian government and the opposition have hardened their positions in recent days, casting doubt on the future of the proposed talks as each side declared a starting point that is thoroughly unacceptable to the other.
On Wednesday, the Syrian opposition said that Mr. Assad's departure was a prerequisite of talks — a condition his government and Russia reject — while Syria's foreign minister said that Mr. Assad would stay on at least until 2014 and might seek re-election and that any peace agreement would have to be approved by a referendum.
Mr. Assad's statements — and the choice of the Hezbollah channel to deliver them — added to the confrontational atmosphere. His statements were first reported in the Lebanese newspaper al-Akhbar and confirmed by Ali Rizk, who performed the simultaneous translation of the interview to be broadcast on Iran's Press TV.
Syrian rebel commanders have also issued aggressive statements in recent days, threatening to attack Hezbollah and even the Lebanese Army inside Lebanon if Hezbollah's intervention is not halted.
Late Wednesday, Lebanon's president, Michel Suleiman, a political ally of Hezbollah, issued an unusual statement calling on Hezbollah to pull out of Syria for the sake of Lebanese security and the integrity of the group's primary mission, fighting Israel.
Lebanese politicians of every stripe have been loath to directly confront Hezbollah, which fields the most seasoned and influential military force in the country, trumping even the army. But as rocket attacks on Hezbollah areas have increased along with sectarian anger, a growing chorus has worried that Hezbollah and Lebanese Sunni militants supporting the Syrian rebels are destabilizing the country.
Economic Collapse Approaches Preppers Shall Inherit the Earth
Economic Collapse Approaches Preppers Shall Inherit the Earth
This video makes the point that close examination reveals a crisis approaches and documents what is being done by some Americans to prepare for that crisis. Donate $15 Dollars (or preferably Gold) or More at my blog in the link above or my YouTube Channel Homepage and we will send you more than 160 Survival Books that we have compiled and use for ourselves on CD as a thank you for your generous support.
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