Economy

Nuclear empire of Mr. Putin

“Russia covers the world with a network of nuclear power plants. The Kremlin considers it a pillar of its global power for decades,” says Pavel Lokshin, the journalist for the German newspaper Die Welt. Paks NPP near Budapest produces half of the electricity in Hungary. Four power units were built by the USSR in the 1970s. Five years ago, Moscow and Budapest signed an agreement on the construction of two new 1200 MW power units of the WWER type NPP-2006. The ice age in diplomatic relations between Moscow and Brussels in connection with the annexation of Crimea and the war

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Is the Second Great Depression looming?

Exactly ninety years ago, on October 24, 1929 (also, incidentally, on Thursday) the Great Depression began in the USA (at the same time striking Canada, Great Britain, France, and Germany). Among the reasons for the beginning of the Great Depression are called: – lack of money supply; – erroneous monetary policy of the FRS; – margin loans (margin debt); – Adoption of the Hawley-Smoot Tariff Act, which introduced high customs duties on imported goods. Does nothing ring the bell? This is the exact situation in the USA today! Liquidity crisis, insane Fed regulatory policy, unprecedentedly high level of margin loans

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US Court – All Banks Are Counterfeiters (Proved by Jerome Daly a humble lawyer from Minnesota)

Half a century ago, an event occurred in the United States that is comparable in importance to the creation of the Federal Reserve System. But if the history of the FRS is spelled out in all textbooks on economics, then this event is hushed up and is known to an extremely narrow circle of people… Those whom I call the “owners of money” (the main shareholders of the Federal Reserve) have done everything possible so that the event of the late 1960s does not receive much publicity. The media were ordered to keep their mouths shut. Professional bankers in America,

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US Economy – Ratings and Findings

According to the latest Wall Street Journal publication, approximately 60% of all debt bonds in the US economy have a junk rating of BBB. The other day, analysts at JP Morgan Chase and Goldman Sachs issued mutually independent reports but voicing almost identical conclusions. According to their calculations, the Fed’s tactic to flood the liquidity crisis with money does not work. Moreover, markets use repos to dump treasuries (which they “pledge”) and get cash. As a result, the Fed’s balance is rapidly swelling, and money doesn’t reach the real sector of the economy. And what should they do if, according

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Zombie corporations are grave diggers of the old economy

“Zombie corporations” do not make any profit, but exist by receiving more and more new loans. More and more different companies fall under this definition every year. If initially, when this phenomenon began to be detected, the definition of “zombie companies” included mainly various “venture startups” like “Uber”, which were not connected with production in any way, then gradually the situation worsened. At first, the majority of Elon Musk companies got into “unprofitable, but successful” ones. It was then that Ruslan Karmanov coined the term “high-tech imitation.” When instead of real high technologies, people (investors including) are force-fed with turtlenecks,

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