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WAR and PEACE
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» » Topic » Economics
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| Is Baoshang Bank China’s Lehman Brothers? |
| 19.07.19 09:08 |
Economics |
| Modern fractional reserve banking is ultimately a confidence game. If lenders or depositors are confident their bank is solvent, it stands. If confidence is broken, that historically leads to bank panics, deposit runs and domino collapse of a financial system or worse. The surprise collapse in late May of a small Inner-Mongolia Chinese bank, Baoshang, has suddenly focused attention on the fragility of the world’s largest and largely opaque banking system, that of the Peoples Republic of China. The timing is very bad, as China struggles with a sharp domestic economic slowdown, rising food inflation, combined with the uncertainties of the US trade war. |
| New Eastern Outlook |
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| The bankers and the euro |
| 04.11.17 10:56 |
Economics |
| 18 years after its launching the euro still doesnt work well. An essential element is still lacking to make it a durable currency. Behind the scene the central banks are still keeping it upright with temporary emergency solutions. |
| Rudo de Ruijter |
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| The cancer of bankers |
| 02.03.17 08:59 |
Economics |
| In The magic of bankers you have been able to read how bankers create balances for loans with a simple line of bookkeeping. There is no money involved. The money for the balances doesnt even exist. This extremely lucrative trick incites the bankers to supply as many loans as possible, but there is more. There are specific growth impulses which makes it impossible to stop the growth of the outstanding loans. Not even with regulations. This has tremendous consequences for our society. |
| Court Fool |
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| The magic of bankers |
| 03.02.17 22:29 |
Economics |
| If you dont know how banks work, you will never be able to understand the world. Juggle money out of the hat. Of course, bankers cannot. But what they can is juggle numbers out of the hat and make everybody believe this is money. |
| Court Fool |
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| Rex Tillerson and the Myths, Lies and Oil Wars to Come |
| 29.01.17 19:52 |
Economics |
| Rex Tillerson, former CEO of the ExxonMobil oil colossus is not designated Secretary of State because of his diplomatic experience. He is there because clearly the Trump Project of those Patriarchs behind Trump–ones such as Warren Buffett, David Rockefeller, Henry Kissinger and others–want a person from Big Oil guiding American foreign policy the coming four years. Already as President, Trump has given the green light to the controversial KeystoneXL pipelines that will not ship US oil, but costly Canada Tar Sands sludge. His EPA plans a friendly stance to the environmental hazards of shale oil production. But most essential, with Secretary Tillerson, the US plans a major reorganization of control over oil, reminding of the oft-cited Kissinger statement, “If you control the oil you control entire nations or groups of nations.” |
| F. William Engdahl |
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| Capitalism Requires World War |
| 03.03.16 10:13 |
Economics |
| The present showdown between West, Russia and China is the culmination of a long running saga that began with World War One. Prior to which, Capitalism was governed by the gold standard system which was international, very solid, with clear rules and had brought great prosperity: for banking Capital was scarce and so allocated carefully. World War One required debt-capitalism of the FIAT kind, a bankrupt Britain began to pass the Imperial baton to the US, which had profited by financing the war and selling munitions. |
| thesaker.is |
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| Greece and the Crisis of International Capital |
| 11.07.15 09:48 |
Economics |
| In terms both gratuitous and sadly predictable, last week’s ‘no’ vote in Greece was followed by insistence from the Troika, led by German Chancellor Angela Merkel, that the Greek government accept economic ‘reforms’ likely to be even more onerous than those that preceded the vote or face a quick exit from the European Monetary Union (Grexit). With long precedence of capitulation to Troika demands by center-left Social Democrat governments across Europe, now apparently joining this macabre dance is Greek Prime Minister Alexis Tsipris who, only days after winning consent from the Greek people to take on the Troika, is said to be offering more austerity in exchange for ‘face-saving’ cuts in unpayable levels of deb |
| Rob Urie |
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| The Planet as a Whole: A Race between the BRICS and the World War Party |
| 20.05.15 03:31 |
Economics |
| The past weeks have seen an extraordinary consolidation of the economic partnership and mutual support among China, India, and Russia—the core of the BRICS impulse of scientific progress and economic growth, which is now reaching many nations. A “brotherhood,” as EIR Founding Editor Lyndon LaRouche recently called it, rather than an alliance of nations, some of which are driving the highest rates of productivity and growth in the world; others of which, desperately need that |
| larouchepac.com |
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| Does Turkey Prefer A European Or Eurasian Energy Union? |
| 04.05.15 19:50 |
Economics |
| The sixth meeting of the World Forum on Energy Regulation is sc heduled to be held on May 25–28, in Istanbul, and is being organized by the office of the prime minister of the Turkish Republic. The competitive and dynamically expanding nature of the energy sector in Eurasia has been boosting Turkey’s regional importance as it prepares to take on the role of a strategically important transit and energy hub country (Hurriyet Daily News, January 28). |
| Jamestown Foundation |
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