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originally posted by: MyHappyDogShiner
a reply to: pl3bscheese
When the events that generate the data occur simultaneously, the data which is offset by a certain time period in most cases.
It will probably be environmental in nature where production of food and energy are interrupted or slowed, which will cause those illogical humans to have themselves another one of those war things.
Wars always fix everything. After people get tire of losing loved one's and demand an end to it, they completely forget what it was that preceded it and jump right into the same crap as before.
Governments and business just love wars.
With any luck the people that have collected all the money, might just realise that they have a poisoned chalice
How can a junior employee in a major bank pay the incredible sum of $6B without any controls whatsoever? This is a world gone mad. Governments print trillions, banks issue derivatives in the quadrillions and banks transact in hundreds of billions every week. The zeros no longer mean anything and have no value. This is all routine stuff for the people dealing in these sums and no one has a clue about the risk or the real exposure. Remember that back in 1995 Barings Bank collapsed in London after a loss of £827 million ($1.3B). The fall of Baring almost brought all the banks down in London. The money printing and the credit creation 20 years later have created a financial system which is out of control, heavily overleveraged and desperately undercapitalised
The dark clouds just continue to gather on the nation’s economic horizon.
This time, rail traffic has plunged to recessionary levels, according to Wolf Street.com’s Wolf Richter.
U.S. railroad cargo in 2015 dropped the most in six years, and 2016 isn’t expected to be any better.
"Transportation is a measure of how well the real economy is clicking," Richter wrote.
That harrowing advice is from The Royal Bank of Scotland, which has warned of a "cataclysmic year" ahead for markets and advised clients to head for the exit. Do not wait. Do not pass go.
"Sell everything except high quality bonds," warned Andrew Roberts in a note this week.
He said the bank's red flags for 2016 -- falling oil, volatility in China, shrinking world trade, rising debt, weak corporate loans and deflation -- had all been seen in just the first week of trading.
"We think investors should be afraid," he said.
The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned.
"The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up," said William White, the Swiss-based chairman of the OECD's review committee and former chief economist of the Bank for International Settlements (BIS).
"Debts have continued to build up over the last eight years and they have reached such levels in every part of the world that they have become a potent cause for mischief," he said.
"It will become obvious in the next recession that many of these debts will never be serviced or repaid, and this will be uncomfortable for a lot of people who think they own assets that are worth something," he told The Telegraph on the eve of the World Economic Forum in Davos.