Saturday, October 15, 2016

Saturday roundup (10-15-2016)

The Deadly Global War for Sand: Concrete. Glass. Silicon. Our civilization is built on the most important yet most overlooked commodity in the world: sand. And we are starting to run out. (Pulitzer Center on Crisis Reporting)

Deutsche Bank Reported to Mull Partial U.S. Retreat to Cut Costs (Bloomberg) Deutsche Bank considering changes to U.S. strategy: sources (Reuters)

Doom for Deutsche Bank as largest lender Qatar 'pulls plug on future equity': SINKING Deutsche Bank has been dealt a hammer blow today after its biggest backer pulled the plug on future equity, it has been claimed. (The Sunday Express)

     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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