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Andrea Germanos – Unlike US, Ireland Just Sent Three Bankers to Jail for Role in 2008 Crisis

A Dublin court has sent three former senior banking executives to jail for committing “sham transactions” in an effort to deceive customers and shareholders during the 2008 financial crisis. “The trio will be among the first senior bankers globally to be jailed for their role in the collapse of a bank during the crisis,” as Reuters reports. Former Anglo Irish Bank executive …

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Trends This Week – The Economic Meltdown: It’s Global. Period. – 01.27.16

Want to know the truth behind those wild swings in global markets? Listen to this program with global master forecaster Gerald Celente. The facts prove it. With just three trading days left in January, in the history of the Dow Jones, there has never been a new year that has rung in on such a down note. And the wild market ride has spread far beyond Wall Street. Just one week ago, the global equity rout sent the MSCI All-Country World Index into bear territory. From China to Japan, from the UK to France, stocks were down more than 20 percent from 2015 highs. Among the higher-risk emerging markets, stocks dove to their lowest levels since May 2009. Overall, some $15 trillion in global equity values has been lost since the year began. Beyond diving equities, commodity prices are down to 1991 levels, according to the Bloomberg Commodity Index. Thus, among many resource-rich nations whose exports have sharply fallen along with the prices of the commodities they sell, their currencies’ value also has dramatically declined. There’s a rough ride ahead. Prepare. Prevail. Prosper.

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Mike Whitney – Markets Gone Mad

Imagine your doctor put you on a daily dose of oxycontin, phenobarbital and Quaaludes for six years straight. Then he suddenly cancelled your prescription. Do you think your behavior might become a bit erratic? This is what’s going on with the stock market. It’s trying to shake off six years of overmedication brought on by the Fed’s zero rates and …

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Michael Hudson – Behind the Market Crash: the Smoke and Mirrors of Corporate Buybacks

Sharmini Peries: The Dow Jones trading took a deep drive this week, dropping over 1,000 points in the first 20 minutes of trading. It is now slowly reversing itself, but it was the greatest loss in trading since the 2010 crash. Here to discuss all of this, we’re joined by Michael Hudson. Michael Hudson is a distinguished research professor of economics …