“In putting the interests of the creditors over the 99%, the economy is committing financial suicide” – Michael Hudson on debt forgiveness

https://youtu.be/AdPukQ96vEA Economist and author, Michael Hudson, in his new book “…And Forgive Them Their Debts: Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year,” shares with journalist Chris Hedges how Ancient cultures forgave debt cyclically to prevent …

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In the decentralized economy, KYC is a must

Know your client Finance is a high-risk sphere, where knowing your customer is extremely important. To avoid sanctions, and protect themselves and their clients, financial organizations have to take a risk-based approach and perform enhanced due diligence, including:   client …

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World Economy Declines into 2035.8

via Armstrong Economics  QUESTION: Mr. Armstrong; You mentioned that we should expect a further decline in the economy. Do you have a target for that decline? ANSWER: The world economy has been in a prolonged economic decline as taxes have risen and …

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If you believe in the theory that “Housing is the US Economy” then things are starting to get dicey…. Morgan Stanley: “We are in a bear market”

global slowdown is coming pic.twitter.com/76WjQdNNC3 — Alastair (@StockBoardAsset) November 19, 2018 Morgan Stanley Calls It: "We Are In A Bear Market" https://t.co/MHNd8yczng — zerohedge (@zerohedge) November 19, 2018 US High Yield credit spreads move up to 418 bps, widest since …

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