“The risk of over-tightening by the European Central Bank is nothing less than catastrophic” says Prof Kenneth Rogoff .
At Davos he also said: “Italy is extremely vulnerable. But this could pop anywhere. Global debt has gone up massively since the pandemic: public debt, corporate debt, everything.”
Rogoff believes that it is a miracle that the world averted a financial crisis in 2022, but the odds of a major accident are shortening as the delayed effects of past tightening feed through.
As Rogoff said: “We were very fortunate that we didn’t have a global systemic event in 2022, and we can count our blessings for that, but rates are still going higher and the risk keeps rising.”
But lurking in the murkiness is also the global financial assets/liabilities which is almost $500 trillion including the shadow banking system at 46% of the total. The shadow banking sector includes pension funds, hedge funds and other financial institutions which are largely unregulated.....More Below
https://goldswitzerland.com/as-west-debt-stocks-implode-east-gold-oil-will-explode/
The world's largest aircraft carrier, the USS Gerald R. Ford, will arrive in the northern Caribbean on Sunday as tensions with Venezuela grow, according to a U.S. military official. The carrier will join 15,000 service members, including 2,000 Marines aboard an amphibious assault ship.
The official, who was not authorized to speak publicly, told NPR the "table is being set" for possible military action. Administration officials are continuing to hold high-level meetings with members of Congress and foreign leaders amid ongoing military exercises.
It remains unclear, however, if President Trump will use military force against Venezuela. The U.S. has conducted 20 strikes on boats in the region so far, saying they were ferrying drugs trafficked from the country. In August, the U.S. government set a $50 million reward for the arrest of Venezuelan leader Nicolás Maduro.......more below
https://www.npr.org/2025/11/15/nx-s1-5609888/aircraft-carrier-caribbean-venezuela-military-action
By PHILLIP NIETO, US POLITICAL REPORTER
GOP lawmakers have released a trove of new emails from pedophile Jeffrey Epstein, including the financier claiming to have compromising photos of 'dirty' Donald Trump.
The House Oversight Committee, which includes Trump loyalist and Florida Representative Anna Paulina Luna, published 23,000 pages of documents from the estate of the deceased pedophile on Wednesday after the Democrats released a selective batch of emails earlier in the day.
Republican and Democratic members of the committee are investigating Epstein.....more below
