According to Eurostat, the agency compiling data for the 17-member European Monetary Union, unemployment throughout the Eurozone continued to rise, reaching 12.2 percent in April. In the worst afflicted Eurozone economies, the overall unemployment rate is well above 20 percent, with youth unemployment in some cases exceeding 40 percent, such as in Italy.
Even if the Eurozone were to magically transition to high rates of economic growth, it would take years to reduce the level of joblessness to levels that existed prior to the onset of the global economic crisis. However, such a miracle is not in the works. All the leading prognosticators, including the IMF, project tepid growth at best, with several major economies in the Eurozone remaining in recession. While pressure grows on the ECB (European Central Bank) to engage in more quantitative easing, the politicians remain impotent in the face of continued economic malaise and stagnation.
If Hillary Clinton runs for President of the United States in 2016, see the video about the book that warned back in 2008 what a second Clinton presidency would mean for the USA:
HILLARY CLINTON NUDE
WALL STREET KILLS--A CHILLING NOVEL ABOUT WALL STREET GREED GONE MAD
To view the official trailer YouTube video for “Wall Street Kills,” click image below:
In a world dominated by high
finance, how far would
Wall Streetgo in search of
profits? In Sheldon Filger’s terrifying novel about money, sex and murder, Wall Street has no limits. “Wall Street Kills” is the ultimate thriller about greed gone mad. Read “Wall Street Kills” and blow your mind.
As the Dow Jones surpasses previous records, in nominal terms, the striking contrast between fantasies on Wall Street, subsidized by the Federal Reserve, and what is transpiring in the real global economy is best demonstrated by the latest data emerging from Europe. The unemployment disaster in the Eurozone, a by-product of the Eurozone fiscal and debt crisis and austerity-driven policy prescriptions, continues to worsen. The official unemployment rate in the European monetary union countries has now reached 12 percent, a record level.
While discordant and asymmetrical records are being recorded on Wall Street and in Europe, the very fabric of European society is fraying. The 12 percent unemployment figure is, of course, uneven. It is much worse in countries that are most afflicted by the sovereign debt crisis, especially Spain and Greece. But the countries in the core of the Eurozone, in particular Germany, with more robust economies, cannot forever see their job markets immune. They are export dependent, and many of those exports are to countries in the Eurozone with legion of unemployed. Inevitably, export-driven economies in the Eurozone such as Germany will see a day of reckoning within their own job markets, as the economic, fiscal and debt crisis continues to ravage the Eurozone with reckless abandon, most recently witnessed with the banking catastrophe in Cyprus.
WALL STREET KILLS--A CHILLING NOVEL ABOUT WALL STREET GREED GONE MAD
To view the official trailer YouTube video for “Wall Street Kills,” click image below:
In a world dominated by high
finance, how far would
Wall Streetgo in search of
profits? In Sheldon Filger’s terrifying novel about money, sex and murder, Wall Street has no limits. “Wall Street Kills” is the ultimate thriller about greed gone mad. Read “Wall Street Kills” and blow your mind.
Barclays, one of the major British banks, is plagued with scandal following revelations that it had manipulated the Libor (interbank lending rates) over a four year period. Barclays has had to pay a fine of almost half a billion dollars to UK and U.S. banking regulators, but the deepest cost has been to its reputation. Bob Diamond, CEO of Barclays, has been forced to resign amid growing calls for a high-level inquiry into the banking scandal.
A banking scandal in the UK, the growing insolvency of banks throughout the Eurozone (requiring massive-and ultimately unaffordable public bailouts) and the revelations that JP Morgan Chase in the U.S. lost billions of dollars on a trading “error” ( the loss, according to some reports, could eventually top $9 billion)only hint at the volatility of the global financial sector four years after the collapse of Lehman Brothers. On top of the dreadful state of banking in Europe and the United States, the latest statistics reveal that the Eurozone is afflicted with record high levels of unemployment. On both the financial and economic front, the evidence is accumulating that the massive debts accumulated by the sovereigns in the wake of the global economic and financial crisis of 2008 have neither transformed risky banking practices nor resolved crippling unemployment. The long-term outlook is far from favorable.
To view the YouTube video overview of “Wall Street Kills,” click image below:
On Wall Street, a secretive group of investors
plan on making the ultimate snuff movie (a snuff movie is an erotic film in which one of the performers is murdered in front of the camera). Their goal: massive financial returns on their investment. Their plan: kidnap a female celebrity and have her tortured and killed before a live Internet audience. Wall Street greed, financial power, the Federal Reserve and corrupt politics come together in the explosive thriller by Sheldon Filger, “Wall Street Kills.”