Business

The Deutsche Bank Settlement is Meaningless

Written by Jeff Nielson (CLICK FOR ORIGINAL)

Debt undermines growth and, as Scotiabank's Guy Haselmann exclaims, the world has never been more indebted.

Reinhart and Rogoff’s 2010 research on the topic concluded that growth is about 1 percentage point lower in the long run when sovereign debt is 90% or more of GDP.  They found that these episodes of ‘high debt’ were long and costly and that the average period (of ‘high debt’) lasted 23 years.  [Such long duration advocates that ‘high debt’ is not merely a function of a downturn in the business cycle.]

A newly released financial report reveals that a Ukraine based anti-Putin TV station is almost entirely funded by North America and Europe.  The anti-Russian Kiev-based station Hromadske.TV was set up to spread anti-Moscow propaganda and has nearly a dozen western government agencies financially supporting it, according to a 2015 report. Forbes.com reports: Who are they? They are the Canada International Development Agency (CIDA); the Embassy of The Netherlands in Ukraine; another Canadian charity called the Ukrainian World Foundation; independent DC-based Pact World; the U.S.

According to a report from the Russian Security Council, American leaders have been left in a state of “shock” after learning of Donald Trump’s successful take-over of one of the last US media giants that remained, until now, free form any “Freemasonic influence”.  The Kremlin say that the Freemasons have used Trump and the 2016 US Presidential election to initiate a complete take-over of the country in what is being referred to as a coup d’etat.

Submitted by Annie Zhou via FinancialRepressionAuthority.com,

FRA Co-founder Gordon T. Long is joined by Professor Michael Hudson in discussing his concept of the FIRE economy and its influence on the production and consumption economy, along with some of his writings.