Sunday, September 7, 2014

Sunday roundup (09-07-14)

Here’s The Timeline For The Terrifying Endgame Of Destruction (King World News)

Deflation would be the stuff of nightmares for European economies: The world has been haunted by the fear of deflation since the 30s. Now it is a very real prospect for the eurozone (The Guardian)

Eurozone’s Draghi Emulates Bernanke/Paulson’s Post Recession Financial Institution Rescue (The Desert Sun of Palm Springs, California)

Scottish homeowners face mortgage meltdown if Yes campaign wins: Home rule? Scotland’s voters are betting the house on independence but they're unaware of the foreign exchange risks to their mortgages (The Telegraph)

[US Senator] Elizabeth Warren on Fighting Back Against Wall St. Giants (Moyers & Company) Elizabeth Warren on Fighting Back Against Wall St. Giants: The Massachusetts senator talks to Bill about taking on the entrenched political and Wall Street interests that have rigged the game against the rest of us. (Vimeo)

Web Extra: Elizabeth Warren on Why “I’ll Never Be an Insider” (Moyers & Company) Web Extra: Elizabeth Warren on Fighting Back Against Wall St.: After the broadcast interview ended, the Senator talked about the warning Larry Summers gave her while she was "causing trouble" in Washington. (Vimeo)

     The aim of this blog is to show (mostly from reports in mainstream respected news sources) that there is reason to believe that both the United States and the global economies remain fragile in the wake of the financial crisis of 2008 and that a number of threats exist today that could, if they worsened, bring about economic depression -- not just a minor depression, but a depression worse than the Great Depression. Key threats include excessive risk-taking by financial firms, unchecked by effective regulation; the continued existence of "too big to fail" institutions; and most especially, the amassing of levels of public and private debt which could become unsustainable.

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