Friday, January 3, 2014

Up against a gathering credit crunch, the Chinese economy will slow to almost stall-speed; the price of Brent crude will sink below $80 a barrel; Germany will slide back into recession; the European Union will remain intact and the internet will begin to Balkanise, leading to a boom in encryption technology but problems for the big global online brands.
’Tis the season for self-indulgent – and mainly futile – crystal ball gazing. What does the future hold for the economy and markets? Normal health and wealth warnings apply.
My big prediction is for $80 oil, from which much of the rest of my outlook for the coming year flows. It’s hard to overstate the significance of a much lower oil price – Brent at, say, $80 a barrel, or perhaps lower still – yet this is a surprisingly likely prospect, the implications of which have been largely missed by mainstream economic forecasters.
But first, there’s the frequently humiliating task of revisiting last year’s predictions.
A year ago, I did a cowardly thing; I hedged my bets, or rather, I wasn’t specific enough to easily pin down. This at least has the merit of enabling me to claim I was more right than wrong, though without any great sense of pride, since I basically hugged the consensus....My own predictions may be just a little darker than the average. I can see the disestablishment of the national church, and St. Paul's made over into a mosque. China, after reabsorbing Taiwan and southern Japan, becomes the world's only superpower. Liberals in America unfurl an all-out campaign against same race marriage. That country will also expand drone attacks to cover Kazakhstan, Nigeria, Switzerland, Ecuador, Pitcairn Island, and Georgia. Wales and Cornwall secede. The offspring of Bulgarian-Romanian-Jamaican liaisons form the new British majority. The "monoritization" of white people in the U.S. will be greeted with euphoria by white people. Advances in inter-species sex will unleash a "new wave" of cinematic expression in France. More than 2 million Germans will die from self-inflicted flagellation. Putin will receive more than 26% of the popular vote in the American off-year elections. Berlusconi wins popular mandate for 6th,7th, and 8th times. Britain adopts waterboarding for persons suspected of incivility. Iceland disappears....Chinese aggression in the East China and West Philippine Sea. Remember this is very likely to be the next major World flashpoint.
China, against, Japan, South Korea, Taiwan, Philippines, Vietnam and Malaysia all embroiled in territory disputes across this vast sea and now with false Chinese air corridors.
Chinese are bullying their near and far neighbors and already stealing Islands belonging to the Philippines and Vietnam to stake claim to the vast oil and natural gas that lies beneath the surface. One single unintended incident could spark a World War. Remember, the US has mutual defense agreements with Japan, South Korea, the Philippines and covertly Vietnam, so any military aggression by China against these countries will mean a military response from the US. Dangerous times ahead,Instead of 80 US oil price you could see 200 US dollars plus, plus....Eh. well,...
The £ $ Yen and €uro will collapse in Q1 or Q2 of 2015 which is why the Police and MOD are being trained for Martial Law. The surviving currencies will be the Renminbi, Ruble and Mark which was minted and printed 5 yrs ago.
Cameron knows what is coming and knows that there will not be a Referendum in 2017. They will be locked into lucrative long term roles in World Government and we will be economic slaves after our wealth has been destroyed.
The collapse will be caused by increasing the overnight interbank lending rate which in turn will collapse derivatives.
Aaron Russo briefly explains what is being done to us here;

6 comments:

Anonymous said...

Analysts said the figures were a strong signal that the sector's growing momentum would continue into 2014, despite a slight dip in the strength of output growth last month from a near 20-year high in November.

The seasonally adjusted purchasing manager's index (PMI) compiled by Markit fell from 58.1 to 57.3 in December, where a figure above 50 marks an expansion of activity.

Rob Dobson, senior economist at Markit, said: "UK manufacturing's strong upsurge continued at the end of 2013, with rates of growth in production and new orders still among the highest in the 22-year PMI survey history.

"On its current track, the sector should achieve output growth of over 1% in the final quarter while filling around 10-15,000 jobs, continuing its positive contributions to both the broader economic and labour market recoveries."

Manufacturers have been adding jobs since May and the steady rise accounts for a significant proportion of the recovery in private sector jobs while the public sector has shed jobs.

Dobson said manufacturers have largely benefited from a resurgent domestic market for the flow of new orders. He said UK exporters, which have struggled to make much headwind in the last year, were starting to see the benefits of entering previously untapped markets in Brazil, China and Russia, alongside more traditional destinations in Ireland and the US, though the overall export figure remained lacklustre.

Anonymous said...

Portugal Proposes Expanded Tax on Pension Income
Portugal's government also will seek to require public employees to increase their contributions to medical coverage after a court strikes down other proposed austerity measures.

Anonymous said...

Banking Scandal
Kazakhstan's BTA Bank accused its former chairman of fraud and embezzlement, sparking a legal drama that includes private eyes, gendarmes disguised as gardeners and billion-dollar court judgments.

Anonymous said...



Hopeful Signs for U.S. Economy in 2014

After Much Premature Optimism, 2014 Could Finally Be the Year That the Recovery Takes Hold





By
David Wessel



Jan. 1, 2014 7:24 p.m. ET


Each of the past few years has ended with optimism that next year the U.S. economy will finally pull itself out of the mud.

Each year, that optimism has been proven wrong. This year might just be the one that doesn't disappoint.

Few forecasters, if any, foresee a boom. Instead, they predict an economy that performs better in 2014 than it...

Anonymous said...

Anxious to ruin our banking system and our companies, minister of budget Liviu Voinea expressed his wish, in Brussels, as part of the reunion of the Extraordinary Council of ECOFIN, held on Wednesday, December 18th, that the theft of the money deposited in banks through the "bail-in" mechanism become legal as soon as possible and come into effect from January 1st, 2016.
Since we are lucky not to be part of the Eurozone yet, the shocking provisions about confiscating the deposits of banks, following the Cyprus model, wouldn't apply to us, if we didn't join the projected Banking Union of the continent.
But according to his own statements, president Traian Băsescu is an enthusiast of the Banking Union.
The combination of the impatience of Voinea and the enthusiasm of Băsescu sentence us to follow the stupid fate reserved to Europe by the darkest financial mind of the European Union; faced with the danger of seeing their money disappear from banks, we will pull them out en masse, looking for another solution to keep their earnings, and businesspeople will be looking to open accounts in other territories than in Europe.
Ironically, this mechanism has been called a "mechanism for saving banks", as if they could be saved whenever their clients run away.
But the cynicism of European authorities us the most obvious in the manner in which the measure was announced, last Wednesday, by the European commissioner for internal market and services Michel Barnier, who triumphantly said that there would be no more need for banks to be saved using the money of all the citizens (that, in other words, since not all citizens are bank depositors, this means that they were spared from being robbed, when the national budgets put their tax contributions into the failed banks).
Barnier is lying: the financing of the failed banks with the budget funds hasn't been ruled out, but now the depositors' pockets will be rifled as well, who will now be robbed by banks both directly, as depositors, as well as through the budget, as taxpayers.
What is interesting is that the lie has traction with the public.
Aside from BURSA, the Romanian media has not reflected this epochal event, of the switch from the civilization of credit to the civilization of theft; the publication that call themselves "specialized", have swallowed the line served by Barnier, saying that the "bail-in" is a solution for relieving the citizens from the bankruptcies of banks.
In Orwell's "1984", one character said: "Did you see, the chocolate ration was increased from 40 grams, to 30 grams!"
Yes, we are living in an Orwellian world, but European stupidity surpasses his imagination - it is our reality.
Let's be proud!
Happy New Year!

Anonymous said...

Sun Sign Aquarius (Jan. 20 – Feb. 18): Under Pressure
You can find rewards in the workplace during the first half of the year, thanks to the presence of lucky Jupiter in your 6th House of Employment. You may get a better feel for a system or technique that makes you more comfortable and skillful at what you do. On a personal level, this transit suggests you can get closer with colleagues, making your job more pleasant. There are two intense periods when unfulfilled needs or lack of resources could trigger crises, though.

Serious Saturn in Scorpio occupies your 10th House of Career all year, putting more pressure on you at work. Don't spread yourself too thin, but try to maximize the return on your efforts by concentrating them where they are needed most. It's healthier for you to play the role of boss than to resent someone else's control over you.