ZeroHedge: Michael Snyder on Global Debt Bomb

$21,714 For Every Man, Woman And Child In The World – This Global Debt Bomb Is Ready To Explode

According to the International Monetary Fund, global debt has grown to a staggering grand total of 152 trillion dollars.

We are living during the greatest debt bubble in the history of the world, and our financial engineers have got to keep figuring out ways to keep it growing much faster than global GDP because if it ever stops growing it will burst and destroy the entire global financial system.

Bill Gross, one of the most highly respected financial minds on the entire planet, recently observed that “our highly levered financial system is like a truckload of nitro glycerin on a bumpy road”.

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Mar 15

Antechinus: Case Study Corporate Spying on Activists — Asbestos

Antechinus

How A Corporate Spy For A Kazakhstan Company Infiltrated The Global Anti-Asbestos Network

A Kazakhstan company hired an American intelligence firm in London to spy on the global anti-asbestos movement. They did it with a man who posed as a journalist and pretended to make a film about the evils of the asbestos industry. The spy – Robert Moore – got away with it for four years, until he was exposed last year.

 

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Mar 7

ZeroHedge: David Stockman: “Trump Will Create A Debt Crisis Like Never Before”

Stockman: “Trump Will Create A Debt Crisis Like Never Before”

Having warned that “everything will grind to a halt on March 5th” due to the under-appreciated debt-ceiling debacle that looms over Washington, and exclaiming that “what is going on today is complete insanity,” former Reagan Budget Director David Stockman is rapidly losing faith that anything can be done… 

“I’ve thrown in the towel because he’s not paying attention and he’s not learning anything and he’s making ridiculous statements.”

Reflecting on Trump’s address to Congress, and what we know of The White House agenda, Stockman told Fox Business’ Neil Cavuto:

Read full article with graphics on looming financial crash.

We don’t need a $54 billion increase in defense when the budget already is ten times bigger than that of Russia. We don’t need $6 trillion of defense spending over the next decade because China is going nowhere except trying to keep their Ponzi scheme together.”

Stockman rejected Trump’s dynamic scoring hope…

“Trump is so deep in fiscal la-la-land, he won’t even find the wrong envelope… he is saying crazy things.”

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Mar 3

ZeroHedge: David Stockman: “After March 15 Everything Will Grind To A Halt”

David Stockman: “After March 15 Everything Will Grind To A Halt”

Two weeks after David Stockman warned that “the market is apparently pricing in a huge Trump stimulus. But if you just look at the real world out there, the only thing that’s going to happen is a fiscal bloodbath and a White House train wreck like never before in U.S. history” and exclaimed that, when looking at markets, “what’s going on today is complete insanity” he is back with another interview, this time with Greg Hunter of USAWatchdog in which he, once again warns, that a giant fiscal bloodbatch is coming soon, and urges listeners to pay especially close attention to the March 15, 2017 debt ceiling deadling, at which point everything could “grind to a halt.”  Read more.

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Mar 3