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Category: economics

China to lay off 1.8 million workers or 6 million workers

China to lay off 1.8 million workers or 6 million workers

I wonder if they’ll do it by text. Here’s the article, taken from the Guardian. *Update: News from Reuters is that the figure may be closer to 6 million. http://qz.com/630094/chinas-massive-state-company-layoffs-could-triple-to-6-million-people/ China slowdown China expects to lay off 1.8 million workers in the coal and steel industries, or about 15% of the workforce, as part of efforts to reduce industrial overcapacity. It was the first time China gave figures that underlining the magnitude of its task in dealing with slowing growth…

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VOD: New Zealand – Cruelty, The dark side of dairy

VOD: New Zealand – Cruelty, The dark side of dairy

New Zealand has one of the biggest dairy industries in the world. Not just for fresh products, such as milk and cheese, but also processed foods such a baby powdered milk. The industry does have a dark side. Every  year, each cattle must calf. This keeps them lactating. Once the calf is born, it begins on a journey, the video shows their journey. (Visited 7 times, 1 visits today)Related Posts Funny video of the day I lol’d. VOD: Kayaking the…

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VOD: China’s growth figure closer to 2%

VOD: China’s growth figure closer to 2%

This stat has been bandied about in the absence of any believable figures from the government for some time… Property Pear Since China’s property bubble went pear-shaped and threatened to pop, figures having been fighting a turning tide of debt fueled domestic demand, and generally flat export and rising wages. June’s black-Monday on the Shanghai stock exchange have only highlighted what many China insiders have been speculating for a long time. Foreign Dumping The whole thing’s a house of cards…

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TPP – the secret bill to affect 40% of world trade

TPP – the secret bill to affect 40% of world trade

If you ever thought moving to another planet was a good idea, here’s a reason why. TPP is being negotiated in secret by governments of the above countries. None of the residents of these countries can read the bill, yet they are all effected. The main bones of contention ISDS, investor-state dispute settlement; Provides exceptional legal privileges to foreign investors not enjoyed by domestic companies or the public by providing private arbitration funded by the tax-payer. Not a new thing,…

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China’s gold bullion reserve rival US’s

China’s gold bullion reserve rival US’s

China is strengthening it’s bullion reserves to present its currency as an alternative to the US dollar. Considering the debt ratio’s and relative leveraging of the currency, this is something that must have the Americans worried. Article The title is of course a little misleading because China has many options, none of which except one in my opinion will actually work.  Options to what exactly you ask?  Options to a collapsing global economy and an imploding financial system which will surely…

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3.3 million new investors sign up to for China’s dicey stock market in the last week

3.3 million new investors sign up to for China’s dicey stock market in the last week

The surging stock markets in both mainland China and Hong Kong in recent weeks have drawn plenty of people to suggest that, when something rises so fast, it can only end badly. If the sheer volume of eager traders is anything to go by, Chinese stocks are unlikely to return to normality any time soon. Last week, 3.3 million people in China opened new brokerage accounts to buy “A-shares,” as Chinese mainland-listed stocks are called, according to the China Securities Depository…

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US under Martial Law – US Bailout

US under Martial Law – US Bailout

Not managed to get this on mainstream media. The US Govt. has instituted Martial Law to pass a bill unread through Congress in less than the required 24 hour minimum reading period?!? US recalling troops Reading on the US websites and watching Utube today, I was shocked with the depth of divide between Wall St. and Main St. . One Senator was talking about the level of telephone calls he received (in this video) something like 4 to 1,000 against….

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You own us more money , already

You own us more money , already

Just one thought about the Henry Paulson ‘TARP’ plan. That the plan has yet to be fleshed out, it assumes mortgages will fail… Can’t those consumers who believe themselves to be ‘sub-prime’, those fallen 3 months behind with payments, already threatened with foreclosure… just take this as a carte blanche not to pay? Can’t those who are able to pay just choose to default? Given the choice I know I would rather default and pay tax, which raises questions about…

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We are all equal – Some of us are more equal than others

We are all equal – Some of us are more equal than others

A toxic dumping ground for bad debt. Banks offload their debts for taxpayers to pick up the tab. As the FED has borrowed close to 1 Trillion (900 Billion) to directly the markets. They’re setting up a root and branch analysis addressing the root problem, Bad Debt. In this new plan being mulled over by the FED, banks are encouraged to disclose and dump their bad debt. A provision is set up in Government. This toxic funding area is paid…

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Miracle on Wall Street

Miracle on Wall Street

The financial markets witness the largest series of events this century and the Wall Street Stock exchange rallies. This is truly a miracle… FTSE 100 Index -178.60 -3.43%  AEX Amsterdam Index -13.84 -3.59%  DAX Index -98.99 -1.63%  CAC 40 Index -81.57 -1.96%  Nikkei -605.04 -4.95%  Hang Seng -1,052.29 -5.44%  Shanghai Composite -93.04 -4.47% Dow Jones Industrial Average +141.51 +1.30% No visits yetRelated Posts List of dead bankers 2018 – conspiracy updat… **Update March/April 2018 Changed the dates and included some…

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