Tuesday, August 23, 2016

Tuesday roundup (08-23-2016)

Europe on the brink of COLLAPSE as 'divorce' is needed to prevent economic doom: THE European Union is on the brink of imploding, destroying the Euro and causing economic doom, according to a Nobel Prize winning economist. (The Express) The euro has destroyed the EU and led directly to Brexit (The Telegraph)

[In the United States,] Fed Admits Another $4 Trillion In QE Will Be Needed To Offset An "Economic Shock" (ZeroHedge blog)

Multiple donors to Clinton Foundation met with her while at State Department (FoxNews) More than half the non-government people Clinton met with at the State Department were Clinton Foundation donors (The Associated Press) Now Hillary has a big Clinton Foundation problem, too (The Washington Post)

Voters Don’t Trust Donald Trump On Any Of These Major Issues: He’s the most distrusted Republican candidate in recent history when it comes to policy. (The Huffington Post)

Nobel prize winner Stiglitz calls TPP 'outrageous' (CNNMoney)

     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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