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Showing posts with the label Economic

The $75 Trillion Time Bomb

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How long till the Global Economic Collapse?   Dave Hodges The entire wealth of the planet is estimated to be around $65-7o trillion dollars. Any debt that exceeds that amount should be considered to be a catalyst for global economic collapse and ultimately World War III  along with the emergence of extreme authoritarian government similar to what the world witnessed prior to World War II. Nations who are trying to save themselves from the abyss of economic collapse will seek to plunder the resources of other nations and when these predatory behaviors grow in number, global conflict will breakout. We are already seeing evidence of this in Ukraine (i.e. control of Eurasia’s gas) and in  Syria and Iran (i.e. control of the medium of exchange to buy oil, gold vs. the dollar). In 2011,   Bloomberg reported   that Bank of America shifted about $22 trillion worth of derivative obligations from Merrill Lynch and the Bank of America Corporation hold...

With China, for China

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As China arrives, Pakistan cleans house Wajahat S. Khan   July 10, 2015 Chinese President Xi Jinping with Pakistani Army Chief General Raheel Sharif during his visit to Islamabad in April. Th e Sino-Pak axis has matured. The decades old 'Cheen-Pak Bhai Bhai' narrative is fast moving beyond pan-Karakoram fraternal rhetoric complemented by scenically exotic highways, shared rocket designs and muted nuclear deals to morph into optically sound, fundamentally critical, even mutually loud and proud policy, infrastructure and defense initiatives on the ground. China - and not just its submarines - is coming to Pakistan, and Pakistan is getting ready to receive the People's Republic. The 'Bhai' in Beijing, as the mood in Islamabad indicates, is now a BFF - Best Friend Forever - even a Friend With Benefits. The comprehensive Chinese assistance package - hinged on the 3000 kilometer-long China-Pak Economic Corridor, an aggressive energy build-up and mi...