Saturday, March 21, 2015

Saturday roundup (03-21-15)

Liquidity crisis could spark the next financial crash: Traders warn of a global credit 'meltdown' if corporate bond markets don't improve (The Telegraph)

World faces 40% water shortfall in 15 years: U.N. (Marketwatch)

France is Europe's 'big problem', warns Mario Monti: Gallic nation threatens to blow Europe's Franco-German axis apart, warns former Italian prime minister (The Telegraph)

Early Greek election, referendum possible if EU rejects debt plan: Varoufakis (Reuters) The bailout crisis: Germany’s view of how Greece fell from grace: Athens’ defiance of austerity demands and recalling of wartime atrocities have angered Germans already worried about rising nationalism and economic decline. (The Guardian) The bailout crisis: why Greece is content to put the blame on Germany: Berlin is cast by Athens as the fount of its troubles, but Greek politicians must bear part of the blame (The Guardian)

Greece Continues That Slide Towards Grexident [= Greece leaving the Euro by accident] (Forbes)

Protesters march against austerity measures in Madrid: ‘March for dignity’ comes on the eve of a closely-watched regional election in Andalusia in southern Spain (The Guardian)

Students protest in Montreal over government austerity measures (The Montreal Gazette)

[In the United States,] FDA approves genetically modified apples and potatoes for consumption (The Los Angeles Times)

Download the True Food Shopper's Guide: How to Avoid Foods Made with Genetically Modified Organisms [GMOs] (The Center for Food Safety) Say "No" to GMOs (Non-GMO Project) THE GREAT GMA COVERUP INFOGRAPHIC (WalkByTheWay) GMO Free USA (Facebook) Millions Against Monsanto by OrganicConsumers org (Facebook)

     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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