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Understanding the Financial Crisis - very well explanation!

Understanding the Financial Crisis - very well explanation!

politiek24: CATSHUIS: Onderhandelingen... Rebels Without a Clue O.K., a temporary government shutdown — which became almost inevitable after Sunday’s House vote to provide government funding only on unacceptable conditions — wouldn’t be the end of the world. But a U.S. government default, which will happen unless Congress raises the debt ceiling soon, might cause financial catastrophe. Unfortunately, many Republicans either don’t understand this or don’t care. Let’s talk first about the economics. After the government shutdowns of 1995 and 1996 many observers concluded that such events, while clearly bad, aren’t catastrophes: essential services continue, and the result is a major nuisance but no lasting harm. Still, a government shutdown looks benign compared with the possibility that Congress might refuse to raise the debt ceiling. First of all, hitting the ceiling would force a huge, immediate spending cut, almost surely pushing America back into recession. Why? No sane political system would run this kind of risk. So how does this end?

Page 2: U.S. Military Wanted to Provoke War With Cuba In the early 1960s, America's top military leaders reportedly drafted plans to kill innocent people and commit acts of terrorism in U.S. cities to create public support for a war against Cuba. Code named Operation Northwoods, the plans reportedly included the possible assassination of Cuban émigrés, sinking boats of Cuban refugees on the high seas, hijacking planes, blowing up a U.S. ship, and even orchestrating violent terrorism in U.S. cities. The plans were developed as ways to trick the American public and the international community into supporting a war to oust Cuba's then new leader, communist Fidel Castro. America's top military brass even contemplated causing U.S. military casualties, writing: "We could blow up a U.S. ship in Guantanamo Bay and blame Cuba," and, "casualty lists in U.S. newspapers would cause a helpful wave of national indignation." "These were Joint Chiefs of Staff documents. Gunning for War "That's what we're supposed to be freeing them from," Bamford says.

Rothschild Conspiracy International Banking Cartel and The Federal Reserve Europees Stabiliteitsmechanisme Het Europees Stabiliteitsmechanisme (ESM) is een permanent financieringsprogramma voor de redding van lidstaten van de Europese Unie in moeilijkheden. Het ESM moet volgens de huidige plannen medio 2013 de opvolger worden van de tijdelijke Europese Faciliteit voor Financiële Stabiliteit en het Europees financieel stabiliteitsmechanisme. Tijdens de Europese top van 8-9 december 2011 werd besloten het Europees Stabiliteitsmechanisme reeds op 1 juli 2012 in te laten gaan.[1] Een meerderheid van de Nederlandse Tweede Kamer stemde op 24 mei 2012 in met het verdrag.[2] Op 27 september 2012 trad het verdrag in werking. Op 8 en 9 oktober 2012 vindt de eerste vergadering van de Raad van gouverneurs en de Raad van bewind plaats. Bij deze inaugurele vergadering zal de Raad van gouverneurs enkele benoemingen doen, waaronder zijn eigen voorzitter en vice-voorzitter, de directeur van het ESM en de leden van het auditcomité.[3] Duurzaam stabiliteitsmechanisme (maart 2011)[bewerken] Bijdragen[bewerken]

Global savings glut or global banking glut? Since Bernanke’s 2005 speech (Bernanke 2005), it has become commonplace to assert that current-account imbalances were a key factor in stoking the permissive financial conditions that led to subprime lending in the US. The ‘global savings glut’ is what Ben Bernanke called it. This phrase provided a powerful linguistic focal point for thinking about the surge in net external claims on the US on the part of emerging economies. But maybe the finger is being pointed the wrong way. To introduce the distinction, it is instructive to start with the financial crisis in Europe. The current-account deficits of Ireland and Spain widened dramatically before the crisis (Figure 1). Figure 1. Source: IMF International Financial Statistics Figure 2. To push the analogy with the US further, imagine for a moment that the Eurozone is a self-contained miniature model of the global financial system. However, the further we push the analogy, the stranger it gets. Figure 3. Figure 4. Figure 5.

Bradley Manning trial: 10 revelations from Wikileaks documents on Iraq, Afghanistan, Pakistan, and Europe. Army Pfc. Bradley Manning, center, is escorted as he leaves a military court at Fort Meade, Md., on Monday. Photo by Alex Wong/Getty Images In 2010, Army Pfc. The 25-year-old intelligence analyst admitted earlier this year to passing documents to the whistle-blowing website, though he denies the charge of “aiding the enemy,” an offense that carries a life sentence or the death penalty. Below is a list of 10 revelations disclosed by Manning’s leaked documents that offer insight into the breadth and scope of what he revealed, help explain his motivation for leaking, and provide context for the ongoing trial. During the Iraq War, U.S. authorities failed to investigate hundreds of reports of abuse, torture, rape, and murder by Iraqi police and soldiers, according to thousands of field reports. Manning’s trial is expected to last through the summer.

Kabinetscrisis over de begroting voor 2013 De kabinetscrisis over de begroting voor 2013 was een Nederlandse kabinetscrisis die leidde tot de val van het kabinet-Rutte I. Oorzaak was het mislukken van het Catshuisoverleg over de begroting voor 2013. Premier Mark Rutte en VVD-Fractievoorzitter Stef Blok verlaten het Catshuis na de mislukte onderhandelingen. Het overleg begon op 5 maart 2012 en eindigde op 21 april 2012 nadat de PVV kenbaar had gemaakt aan de overige partners (VVD en CDA) niet akkoord te kunnen gaan met de plannen. Het moeizame overleg had uiteindelijk geresulteerd in een totaalpakket van 14 miljard aan bezuinigingen. Op 23 april 2012 diende Premier Mark Rutte het ontslag van de regering in. Voorgeschiedenis[bewerken] Naar aanleiding van negatieve cijfers van het CPB (begrotingstekort van 4,5% in 2013) startten coalitiepartners VVD, CDA en gedoogpartner PVV op 5 maart 2012 besloten bezuinigingsonderhandelingen in het Catshuis.[1] De extra bezuinigingen konden oplopen tot 16 miljard euro. Verloop[bewerken]

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