Sunday, February 19, 2017

Sunday roundup (02-19-2017)

EU Commission to warn Italy on Wed over rising debt (Reuters)

[United States Senator John] McCain says a free press is essential to a healthy democracy (The Associated Press)

Carl Bernstein: Trump's attacks on the press 'more treacherous' than Nixon's (CNNMoney) Carl Bernstein: Trump's Press Attacks 'Worse Than Nixon' (Crooks and Liars blog)

Chris Wallace: Trump 'crosses a line' calling media the enemy [around the 0:50 mark, Thomas Jefferson is quoted saying the press is the only "tocsin" of a nation; the word means "alarm bell" and is not synonymous with toxin or poison] (Youtube)

Rickards: This is a Rigged Financial System [I ignore the advertising within the article] (Daily Reckoning) Keiser Report: Trump/Abe Golf Diplomacy (E1030) (Youtube)

     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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