‘Congress all bribed, has zero confidence in eyes of American people’
Further Reading: http://kahudes.net/
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Author: GIHAdmin
‘De-Americanise the world after Shutdown: China
While US politicians grapple with how to reopen their shuttered government and avoid a potentially disastrous default on their debt, the world should consider ‘de-Americanising’, a commentary on China’s official news agency said Sunday. “As US politicians of both political parties (fail to find a) viable deal to bring normality to the body politic they […]
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Impending collapse of civilization is mathematical certainty, says University of Connecticut professor
There is a mathematical formula created by a professor at the University of Connecticut which appears to be predicting a huge social shift – and which may explain why we’re in the shutdown and debt ceiling crisis. Professor Peter Turchin has spent years developing a model that uses numbers to explain historical cycles – like […]
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World top bankers warn of dire consequences if U.S. defaults
WASHINGTON (Reuters) – Three of the world’s most powerful bankers warned of terrible consequences if the United States defaults on its debt, with Deutsche Bank chief executive Anshu Jain claiming default would be “utterly catastrophic.” “This would be a very rapidly spreading, fatal disease,” Jain said on Saturday at a conference hosted by the Institute […]
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US sacks nuclear missiles General Michael Carey
The general in charge of the US Air Force’s long-range nuclear missiles has been sacked due to “loss of trust and confidence”, officials have said. The Air Force said Maj Gen Michael Carey’s removal was for “behaviour during a temporary duty assignment”. The sacking was not linked to the operation of the nuclear arsenal, which […]
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The Dollar and the Debt Ceiling
10 October 2013 BERKELEY – The dollar is the world’s go-to currency. But for how much longer? Will the dollar’s status as the only true global currency be irreparably damaged by the battle in the US Congress over raising the federal government’s debt ceiling? Is the dollar’s “exorbitant privilege” as the world’s main reserve currency […]
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Is U.S. Political Bubble About to Burst?
The markets shuddered slightly as the debt ceiling neared. The yield on short-term Treasuries has risen tenfold. Fidelity Investments sold off its short-term government debt. But the shudder was slight — and today saw a relief rally in equities on news that House Republicans might agree to suspend the debt ceiling for six weeks in […]
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RBS Said to Pass Currency Trader Chats to FCA Amid Probe
By Gavin Finch and Liam Vaughan – Oct 9, 2013 Royal Bank of Scotland Group Plc has handed over records of instant messages to U.K. regulators after concluding a former currency trader’s communications with counterparts at other firms may have been inappropriate, according to two people with knowledge of the matter. The messages related to […]
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Five Years in Limbo
08 October 2013 NEW YORK – When the US investment bank Lehman Brothers collapsed in 2008, triggering the worst global financial crisis since the Great Depression, a broad consensus about what caused the crisis seemed to emerge. A bloated and dysfunctional financial system had misallocated capital and, rather than managing risk, had actually created it. […]
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