Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-55541 Fri, 28 Nov 2014 14:44:01 GMT The Financial Times Thinks Ukraine's Financial Meltdown Has Arrived http://implode-explode.com/viewnews/2014-11-28_TheFinancialTimesThinksUkrainesFinancialMeltdownHasArrived.html Pensioners storm banks, sue president as economic blockade enforced on E.Ukraine.]]> iehi-feed-55540 Fri, 28 Nov 2014 14:24:27 GMT Leeb: Gold Signaling New Monetary Role; Great Inflation http://implode-explode.com/viewnews/2014-11-28_LeebGoldSignalingNewMonetaryRoleGreatInflation.html iehi-feed-55539 Wed, 26 Nov 2014 19:39:10 GMT Le Pen Wants French Gold Repatriation http://implode-explode.com/viewnews/2014-11-26_LePenWantsFrenchGoldRepatriation.html iehi-feed-55538 Wed, 26 Nov 2014 19:32:22 GMT France postpones Mistral delivery to Russia over Ukraine 'until further notice' http://implode-explode.com/viewnews/2014-11-26_FrancepostponesMistraldeliverytoRussiaoverUkraineuntilfurthernot.html iehi-feed-55537 Wed, 26 Nov 2014 19:10:06 GMT Jean-Claude Juncker's €315bn New Deal dismissed as a subprime gimmick http://implode-explode.com/viewnews/2014-11-26_JeanClaudeJunckers315bnNewDealdismissedasasubprimegimmick.html The European Commission has launched a €315bn "New Deal" to pull Europe out of its economic slump over the next three years, but will provide almost no new money of its own and is relying on subprime forms of financial engineering.

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"The money is chicken feed and it won't do anything to kick-start growth," said Professor Charles Wyplosz, from Geneva University. "It is unbelievable they are doing this rather than real fiscal expansion. The private sector will just take governments to the cleaners. "This is really an excuse to pretend they are they doing something while the austerity is still going on. It will take too long to work and there will be a big fight over the projects as every country tries to get a share of the cake."

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The EU bodies will suffer the "first loss" if any project defaults, a device all too like the structured finance used in the heyday of the pre-Lehman boom, when Dublin became a hub for "special investment vehicles" (SIVs) that disguised the concentration of risk. The plans entail a de facto subsidy, but of a contentious kind. Critics call it "socialised loss, private gain".

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Mr Juncker's hands have been tied from the start. Germany, Britain and other northern states have capped EU spending near €140bn a year until 2020, forcing Brussels to resort to shadow finance.

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iehi-feed-55535 Wed, 26 Nov 2014 15:59:35 GMT Forex rigging probe: US prosecutors to grill London traders http://implode-explode.com/viewnews/2014-11-26_ForexriggingprobeUSprosecutorstogrillLondontraders.html iehi-feed-55534 Wed, 26 Nov 2014 15:51:12 GMT Researchers: We Have Passed Peak Gold http://implode-explode.com/viewnews/2014-11-26_ResearchersWeHavePassedPeakGold.html iehi-feed-55533 Wed, 26 Nov 2014 15:42:28 GMT HSBC, Goldman Rigged Metals' Prices for Years: Suit http://implode-explode.com/viewnews/2014-11-26_HSBCGoldmanRiggedMetalsPricesforYearsSuit.html Goldman Sachs Group Inc. and HSBC Holdings Plc were sued in New York over claims they conspired for eight years to manipulate prices for the precious metals platinum and palladium in what plaintiffs' lawyers say is the first class-action lawsuit of its kind in the U.S.

Standard Bank Group Ltd. and a metals unit of BASF SE, the world's largest chemical company, were also sued. The four companies used inside information about client purchases and sale orders to profit from price movements for the metals used in products ranging from jewelry to cars, according to a complaint filed yesterday in Manhattan federal court.

The lawsuit by Modern Settings LLC, a jeweler that buys precious metals and derivatives set on their prices, claims the companies "were privy to and shared confidential, non-public information about client purchase and sale orders that allowed them to glean information about the direction" of prices.

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iehi-feed-55532 Wed, 26 Nov 2014 15:38:12 GMT How Could It Happen? | Things That Make You Go Hmmm... http://implode-explode.com/viewnews/2014-11-26_HowCouldItHappenThingsThatMakeYouGoHmmm.html iehi-feed-55531 Wed, 26 Nov 2014 15:28:15 GMT Das: The Fed has boxed U.S. into a tough easy-money corner http://implode-explode.com/viewnews/2014-11-26_DasTheFedhasboxedUSintoatougheasymoneycorner.html iehi-feed-55529 Wed, 26 Nov 2014 15:24:57 GMT Kissinger To Obama: You Blew It Confronting Russia On The Ukraine---Admit It And Back Off http://implode-explode.com/viewnews/2014-11-26_KissingerToObamaYouBlewItConfrontingRussiaOnTheUkraineAdmitItAnd.html iehi-feed-55528 Wed, 26 Nov 2014 15:22:09 GMT US "Secret" Deal With Saudis Backfires After Oil Minister Says US Should Cut First http://implode-explode.com/viewnews/2014-11-26_USSecretDealWithSaudisBackfiresAfterOilMinisterSaysUSShouldCutFi.html iehi-feed-55527 Tue, 25 Nov 2014 19:29:33 GMT Russian Media Has Field Day With Ferguson Riots http://implode-explode.com/viewnews/2014-11-25_RussianMediaHasFieldDayWithFergusonRiots.html iehi-feed-55526 Tue, 25 Nov 2014 19:09:27 GMT Phil Falcone Resigns From Harbinger Group, Collects $40.3 Million http://implode-explode.com/viewnews/2014-11-25_PhilFalconeResignsFromHarbingerGroupCollects403Million.html iehi-feed-55525 Tue, 25 Nov 2014 18:13:51 GMT GLOBAL BUSINESS OUTLOOK: "DARKEST PICTURE SINCE FINANCIAL CRISIS." US DETERIORATION "OF GREATEST CONCERN" http://implode-explode.com/viewnews/2014-11-25_GLOBALBUSINESSOUTLOOKDARKESTPICTURESINCEFINANCIALCRISISUSDETERIO.html The plunging price of oil since June has been a leading indicator: global economic growth is in trouble, despite six years of unprecedented central-bank free-money policies that caused asset prices to soar but has accomplished little else. This scenario has now been confirmed by businesses that help drive the economy forward -- not by economists and Wall Street hype mongers: their outlook for the next 12 months has plummeted since June to the worst level since crisis year 2009. ]]> iehi-feed-55524 Tue, 25 Nov 2014 15:02:51 GMT The 2014 Oil Price Crash Explained http://implode-explode.com/viewnews/2014-11-25_The2014OilPriceCrashExplained.html iehi-feed-55522 Tue, 25 Nov 2014 14:57:10 GMT War in Ukraine a Result of Misunderstandings between Europe and Russia http://implode-explode.com/viewnews/2014-11-25_WarinUkraineaResultofMisunderstandingsbetweenEuropeandRussia.html iehi-feed-55521 Tue, 25 Nov 2014 14:47:09 GMT Exclusive: China ready to cut rates again on fears of deflation http://implode-explode.com/viewnews/2014-11-25_ExclusiveChinareadytocutratesagainonfearsofdeflation.html iehi-feed-55520 Tue, 25 Nov 2014 13:54:26 GMT Sen. Elizabeth Warren vs NY Fed's William Dudley (VIDEO) http://implode-explode.com/viewnews/2014-11-25_SenElizabethWarrenvsNYFedsWilliamDudleyVIDEO.html I don't think anyone should question our motives or what we are attempting to accomplish." - William Dudley. "Change has to come from the top. Either you need to fix it Mr. Dudley or we have to get someone who will." - Sen. Elizabeth Warren

All this and more in the Senate Banking Subcommittee hearing in Washington, D.C., U.S., Nov. 21, 2014: "Improving Financial Institution Supervision: Examining and Addressing Regulatory Capture" / Financial Institutions and Consumer Protection.

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iehi-feed-55519 Tue, 25 Nov 2014 13:47:17 GMT Global Business Confidence Collapses To Post-Lehman Lows http://implode-explode.com/viewnews/2014-11-25_GlobalBusinessConfidenceCollapsesToPostLehmanLows.html