Saturday, July 2, 2016

Saturday roundup (07-02-2016)

Brexit and the Derivatives Time Bomb (The Web of Debt blog)

Greece Central Bank reports 'brain drain' of 427,000 young, educated Greeks since 2008: Greece's young professionals and graduates are escaping economic hardship at a rate of over 100,000 per year, according to the Bank of Greece. They have gone to Germany, Britain and the United Arab Emirates. (Deutsche Welle)

Biggest private coal producer [in the United States] warns of cutting 80 percent of workforce, head blames Obama policies [The Wall Street Journal via] (FoxNews) Murray Energy seeks to layoff thousands in 6 states, including Kentucky (WKYT)

1 Chart Explains Why You Might Not Get Your Full Social Security Benefit: Forget the conspiracies. It's actually much simpler. (The Motley Fool)

Newt Gingrich has climbed to the top of Donald Trump’s vice-presidential list (The Washington Post)

Clinton Questioned at FBI Over E-Mail Use as Top Diplomat (Bloomberg)

How everyone looks bad because Bill Clinton met with Loretta Lynch (The Washington Post) How a Local AZ Reporter Broke the Bombshell Clinton-Lynch Story [with video] (Fox News Insider) Pirro: If Clinton is indicted, her first defense witness is Obama: 'Justice with Judge Jeanine' host Judge Jeanine Pirro with the latest on the investigation into Hillary Clinton's email scandal. [with video] (FoxBusiness) 'It's a Charade': Judge Pirro on Why Hillary Won't Be Indicted for Her Emails [with video](Fox News Insider)

     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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