There is much angst in the Northern financial media about how the era of globalisation led actively by the United States may well be coming to an end. This is said to be exemplified in the changed political attitudes to mega regional trade deals like the Trans Pacific Partnership Agreement (TPP) that was signed (but has not yet been ratified) …
On September 8, The New York Times published an interview with President Barack Obama in which he discussed the rapidly approaching, and already present, dangers of climate change, along with the threats that Republican presidential nominee Donald Trump would pose to the environment as president. Reflecting on his climate legacy in the interview, President Obama reinforced his concerns about and dedication to acting on climate change, but his rhetoric fails …
Globalisation is the demise of humanity. That being said, if we want peace, solidarity, harmonious cohabitation, justice and equality – we have to defeat globalisation. And to be able to defeat it, countries which strive to take back autonomy and sovereignty may want to move away from the oppressive fist of the west. BREXIT offers Europe and the world a …
The unthinkable may well happen. The US may elect as President a racist, xenophobic, narcissistic, con man with no knowledge of policy or governance. As of now, Trump holds a slight lead over Clinton in the latest poll. Real progressives could be forgiven for feeling a healthy dose of schadenfreude, but then, schadenfreude is a bitter banquet if you’re all in the …
The BBC’s rather charming piece entitled “Who is Theresa May: A profile” sets out a life reminiscent of Margaret Thatcher, from her early days as a schoolchild to the ascension to the most powerful job in Britain. It’s a piece littered with affection and sentiment, typical of a state broadcaster. “An early advocate of Conservative “modernisation” in the wilderness years that …
BREXIT, FREXIT, GREXIT – where’s everybody going? The recent vote in the United Kingdom to get out of the European Union is a telling example of how ill-served citizens in the political/financial union are feeling about their status. Such feeling suggests the potential for contagion with other European nations souring on the control of the unelected bureaucrats in Brussels. Ellen talks with a noted international observer Stephen Lendman about this vote and the politics that led up to it and are now playing out.
Matt Stannard reports on another political stage, in NC, where money for local infrastructure depends on compliance with onerous immigration policies. And our What Wall Street Costs America report focuses on the tragic human costs inflicted on Puerto Rico by American hedge funds.
Global forecaster Gerald Celente rips into the decision not to prosecute Democratic presidential candidate Hillary Clinton for her email scandal, demonstrating once again two scales of justice: One for the elites, one for the rest of us. Elsewhere, Celente analyzes market indicators in the aftermath of Brexit. Global equity markets are in turmoil. However, the business media’s view of market mayhem is a snapshot in time dating to the June 23 “Brexit” when the United Kingdom voted to exit the European Union. Indeed, while Brexit triggered the current turmoil, Celente’s trends-eye view identifies the current market volatility in a Globalnomic® context far bigger than Brexit.
Born In the 1940’s We Remember
Meria Heller and Jim Fetzer discuss the following topics:
Living in a false reality of constructed events
From Sandy Hook to Orlando (JFK -9/11/01)
Signs of a staged event in Orlando
Blaming it on Islam? No links to ISIS
ISIS – made in the USA
Omar Mateen and G4S and connections to James Wesley Howell
Who and what is G4S and it’s connection to DHS
Professional crisis actors
Supreme Court ruling against Texas abortion access
Clinton death toll
Fake moon landing
Updates on new Puerto Rico deal, French street battles, German leaders’ need humility, fake Cleveland revitalization, selling out national parks. Major analysis of Brexit in changing world economy.
As Jack Rasmus predicted last week, the initial scenario for the Brexit vote is not an immediately global financial crash. The threat is more intermediate than short term. The analogy is not Brexit as a ‘Lehman Brothers’ event, the US bank collapse that ushered in the financial crash of 2008-09, but more similar to a ‘Bear Sterns’ event, the US bank that collapsed in the US early in 2008. Brexit is a warning shot fired across the bow of the global capitalist economy, not the precipitating event for another crash. Jack explains how global investors are waiting to see what happens next before dropping the other shoe. Jack reviews the likely intermediate effects of Brexit on global markets—currencies, bond rates, stocks, real investment, deflation, productivity, bank lending, consumption, and GDP. The relative effects of Brexit on economic regions are also covered: the UK, EU, US, China, EMEs. Recession in the UK will occur first, Jack explains. Europe will stagnate further. Japan’s recession will deepen, the US will enter recession in 2017 soon after the elections. China eventually will have to devaluate its currency with severe global consequences—i.e. the effects of Brexit on financial markets and real economies is just beginning. Political instability in the UK, in both conservative and labor parties is reviewed, with splits deepening in both. What Brexit also means for growing political instability for France, Spain, Netherlands, and Italy; how Brexit is penetrating the US election campaigns, as US elites and corporate push back on both candidates. Jack warns the weak spots of global capital today are Italy’s banks and Japan, where the most likely next ‘Bear Stearns’ event will emerge. Longer term, the UK currency and London as global financial center are finished as global players.