WorthyNewsBot Posted September 23, 2016 Group: Bots Followers: 3 Topic Count: 39,879 Topics Per Day: 6.49 Content Count: 44,074 Content Per Day: 7.18 Reputation: 980 Days Won: 2 Joined: 06/06/2007 Status: Offline Share Posted September 23, 2016 (Worthy News) - The third leg of the world's intractable depression is yet to come. If trade economists at the United Nations are right, the next traumatic episode may entail the greatest debt jubilee in history. It may also prove to be the definitive crisis of globalized capitalism, the demise of the liberal free-market orthodoxies promoted for almost forty years by the Bretton Woods institutions, the OECD, and the Davos fraternity. "Alarm bells have been ringing over the explosion of corporate debt levels in emerging economies, which now exceed $25 trillion. Damaging deflationary spirals cannot be ruled out," said the annual report of the UN Conference on Trade and Development (UNCTAD). [ Source ] View the full article Link to comment Share on other sites More sharing options...
ayin jade Posted September 23, 2016 Group: Worthy Ministers Followers: 44 Topic Count: 6,178 Topics Per Day: 0.88 Content Count: 43,784 Content Per Day: 6.23 Reputation: 11,227 Days Won: 58 Joined: 01/03/2005 Status: Offline Share Posted September 23, 2016 Does the un really fear this? Link to comment Share on other sites More sharing options...
Running Gator Posted September 23, 2016 Group: Royal Member * Followers: 8 Topic Count: 91 Topics Per Day: 0.03 Content Count: 10,596 Content Per Day: 3.73 Reputation: 2,743 Days Won: 25 Joined: 06/16/2016 Status: Offline Share Posted September 23, 2016 On a related note... https://www.rt.com/business/360382-bank-of-england-china-bubble/ Britain's central bank has warned that growing Chinese debt is a threat to global financial stability. Chinese firms are borrowing faster than the GDP is growing, according to the bank. Link to comment Share on other sites More sharing options...
nebula Posted September 23, 2016 Group: Royal Member Followers: 10 Topic Count: 5,823 Topics Per Day: 0.76 Content Count: 45,870 Content Per Day: 5.97 Reputation: 1,897 Days Won: 83 Joined: 03/22/2003 Status: Offline Birthday: 11/19/1970 Share Posted September 23, 2016 Who is China borrowing from? Link to comment Share on other sites More sharing options...
Running Gator Posted September 23, 2016 Group: Royal Member * Followers: 8 Topic Count: 91 Topics Per Day: 0.03 Content Count: 10,596 Content Per Day: 3.73 Reputation: 2,743 Days Won: 25 Joined: 06/16/2016 Status: Offline Share Posted September 23, 2016 1 hour ago, nebula said: Who is China borrowing from? I am not not sure who all they borrow form, but it seems at a bare minimum it is from British banks. Link to comment Share on other sites More sharing options...
Marilyn C Posted September 24, 2016 Group: Worthy Ministers Followers: 30 Topic Count: 265 Topics Per Day: 0.07 Content Count: 13,128 Content Per Day: 3.50 Reputation: 8,461 Days Won: 12 Joined: 12/21/2013 Status: Offline Birthday: 10/06/1947 Share Posted September 24, 2016 The golden rule (of the world) is - `He who holds the gold - rules.` As the globalists (G 20) are about to empower the IMF to become their central bank, then they will print the money & give it out in exchange for control & power over the nations. It is just the next step in the coming together of man`s global system to control every aspect of our lives. People will run around like `Henny Penny & the sky is falling...` when really it is just a restructuring of the Global economic architecture. Only a crisis will make people give their power & authority away. Marilyn. Link to comment Share on other sites More sharing options...
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