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Beijing Looks Into The Abyss……And Threatens To Keep Digging

……….”China’s leadership and central bank are ready to cut interest rates again and also loosen lending restrictions” due to concerns deflation “could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making.” In other words, China has once again looked into the abyss once… and decided to dig a little more.

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Beijing Looks Into The Abyss……And Threatens To Keep Digging

……….”China’s leadership and central bank are ready to cut interest rates again and also loosen lending restrictions” due to concerns deflation “could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making.” In other words, China has once again looked into the abyss once… and decided to dig a little more.

Go Figure—– 86 Million Full-Time Workers, 148 Million Govt. Beneficiaries

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However, therein lies the answer as to why Central Banks globally are drowning the financial system with liquidity, suppressing interest rates and “jawboning” financial markets. The hope and prayer are that eventually a “fire” will ignite, and economic growth and inflation will return allowing for a gradual extraction of support……..The problem is there is scant evidence of any real success to date other than the inflation of assets back to dangerously high levels.

The “Peace President” At Work: White House Fighting to Prevent Release of C.I.A. Torture Report

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If you’re already reading this site, you don’t need me to tell you how much of a fraud Barack Obama is. His love affair with cronyism and devotion to lack of transparency has been documented in countless venues for many years now. Nevertheless, his actions continue to do irreparable harm to this nation, and as much as it […]

Contra News & Views

Hillary The Hawk: Meet Her War Party Team In Waiting

But waiting in the wings, Hillary Clinton just may prove to be what the defense establishment has been waiting for, and more. Superior to all in money, name recognition, and influence, she is poised to compete aggressively for the Democratic nomination for president. She might just win the Oval Office. And by most measures she would be the most formidable hawk this country has seen in a generation.

Europe’s Season Of Discontent: The Anti-Brussels Revolt Flourishes From North To South

We have in Europe cascading divergence, a deep gap between creditor and debtor states, non-existent growth or recession for a number of years in a number of countries,” said Jan Zielonka, a politics professor at Oxford University. “The traditional pro-European establishment parties are now on defense. They are being fiercely attacked by new kids on the block.”

Chinese Corruption Goes “Tebie Juda” (Extremely Huge): General Scalps One Ton Of Cash Selling Promotions

Both had reports that cited people close to the investigation as saying investigators discovered Xu had one ton of cash (U.S. dollars, Euros, and Renminbi) in the basement of his 215,000 square foot Beijing mansion as well as jade, emeralds, calligraphy and paintings. The FT said the cash was neatly stacked in boxes and that each was conveniently inscribed with the name of the solider who had offered the cash in exchange for a promotion.