India’s shadow banks, non-bank financial groups such as Indiabulls and Dewan Housing Finance, are in crisis, setting off alarms for investors and analysts that could affect the country’s conventional banks and real estate companies. The Reserve Bank of India cautions that failure of largest NBFCs and housing finance companies could cause two banks to default....
Author: Gerald Celente
HONG KONG: WEEK 22 REVOLT
Another weekend, another week of heated protests in Hong Kong. Not even increased police presence could stop it. It’s the Hong Kong people against the Chinese Government. They know that if they lose, they’ll be living under government rule they would rather die than live under. Angry at recent clampdowns on freedoms, directed by the...
IRAQ: SECURITY FORCES OPEN FIRE ON PROTESTORS
The Iraqi riots that broke out last month, in a nation bombed into ruin by the George W. Bush War which killed over a million citizens and destroyed its economic and social infrastructure, continues. With no future and infuriated with government corruption, unemployment, and deteriorating public services, thousands continue taking to the streets. Hundreds...
LEBANON – PROGRESS FOR PROTESTORS
The Lebanese protests demanding a complete overhaul of a political system they deem as inefficient and corrupt continued on Sunday, as tens of thousands kept up a nationwide street movement that began on 17 October. Facing the largest street protests since Lebanon’s independence in 1943, anger over a faltering economy on the verge of collapse...
TRUCE IN YEMEN?
As street protests continue to increase around the globe, Yemen finally may be experiencing a halt to the worst humanitarian crisis in the world. After weeks of talks, the ongoing, devastating civil war that cost millions their lives and which has caused widespread starvation and destruction, may be coming to an end. Last Saturday, the...
CHILE: POWER HUNGRY VS. THE HUNGRY
Last week, over a million Chilean citizens filled the streets of the capital city of Santiago protesting low wages, high living costs, and government corruption. While many participating in current protests across the globe are young, in Chile, the street rallies also include many elderly citizens, angry over a failing pension system that promised them...
BOLIVIA: MORE OF THE SAME, DIFFERENT LEADER
As reported in last week’s Trends Journal, millions of Bolivians were infuriated after President Evo Morales initiated a blackout of the vote count in a very close election and then claimed victory. Last Thursday, a sizeable part of the country was slowed down by large demonstrations, including strikes and blockades. A letter addressed...
THE BUSINESS OF AMERICA IS WAR
Last week, the Pentagon signed the largest contract yet for America’s most expensive weapon, the Lockheed Martin F-35. Despite being rated by critics as one of the “5 Worst Fighter Jets Ever Made,” and suffering huge cost overruns, the Pentagon will take $34 billion of taxpayer money to buy some 500 stealth F-35 jets. Playing...
BIG DATA WATCHING
Forget “Big Brother.” Orwell didn’t come close. They know who you are, where you are, what you look like, what you’re thinking, what you want, and what you’ll pay for. In one of the many latest twists, Facebook, Netflix, and Google track your viewing habits to deliver more targeted ads to your brain. They’re in...
ELECTRIC CARS STALLING
A few weeks ago, the National Highway Traffic Safety Administration notified Tesla informing them of plans to study suspected defects in its electric cars manufactured between 2012 and 2019. The company has been challenged by the negative publicity of three of its lithium-ion battery cars spontaneously bursting into flames last August. This news comes on...