International Credit System For Infrastructure & Development or Bust

President Donald J. Trump and First Lady Melania Trump arrive at Joint Base Andrews Air Force Base Friday, January 31, 2020, in Maryland, and depart on Air Force One en route Florida. (Official White House Photo by Shealah Craighead)
New International Economic OrderAmerican Credit SystemGlass-SteagallStop WWIII

New International Credit System or Bust: Trump Should Initiate It

The trade and production impacts of the novel coronavirus epidemic in China hit a global economy which is already in a manufacturing, industry and trade recession, and is threatened at any moment with a blowout of unpayable corporate debt and derivatives contracts bringing down banking systems. In the fourth quarter, 40 central banks cut interest rates 71 times and increased their bond-buying schemes, in a desperate campaign to support stock and bond markets. The Federal Reserve cannot escape “quantitative easing” and daily huge liquidity injections into the interbank lending markets. This…READ MORE

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