Monday, October 12, 2015

IMF Three Trillion Credit Crunch

You mean world corporate mal-credit is not maintaining the nominal valuations upon which bankers depend for their bonuses?
Governments and central banks risk tipping the world into a fresh financial crisis, the International Monetary Fund has warned, as it called time on a corporate debt binge in the developing world.
These people fly around on private jets and have caviar and duck and champagne with each meal, and sometimes catch wind there may be a problem out there.  Now that it turns out the USA cannot prosecute wars effectively, even when it wants to, faith in the warfare/welfare state creeps in.

Paycheck, pension or property... unload those and clear off any debt.  And start up your own family business.  No family?  Start one!

Feel free to forward this by email to three of your friends.


1 comments:

Anonymous said...


Do you think that Russia could displace the US economically?:

https://www.project-syndicate.org/commentary/are-sanctions-helping-russia-by-richard-a--werner-and-vladimir-i--yakunin-2015-10