World Events and the Bible

A site dedicated to World Events and Study of the Bible.

Date: November 10, 2015

We Have Never Seen Global Trade Collapse This Dramatically Outside Of A Major Recession

Source: Economic Collapse Blog | If you have been watching for the next major global economic downturn, you can now stop waiting, because it has officially arrived.  Never before in history has global trade collapsed this dramatically outside of a major worldwide recession.  And this makes perfect sense – when global economic activity is increasing there is more demand for goods and services around the world, and when global economic activity is decreasing there is less demand for goods and services around the world.  So far this year, global trade is down about 8.4 percent, and over the past 30 days the Baltic Dry Index has been absolutely plummeting.  A month ago it was sitting at a reading of 809, but now it has fallen all the way to 628.  However, it is when you look at the trade numbers for specific countries that the numbers become particularly startling.

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Montreal to dump billion-liter load of raw sewage into St. Lawrence River

WEB Notes: We would not want to mess up quarterly profits or someone’s big bonus now would we?

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Bank Of Ireland Bans “Small” Cash Withdrawals At Branches

Source: From The Trenches | As central planners the world over grapple with the effective “lower bound” that’s imposed by the existence of physical banknotes, there’s been no shortage of calls for a ban on cash.

Put simply, if you eliminate physical currency, you also eliminate the idea of a floor for depo rates.

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Apple Cuts Component Orders By 10% Due To Weak iPhone 6s Demand: Credit Suisse

One week ago we reported something unpleasant for the world’s largest company: China Daily had reported that Apple’s key Taiwanese supplier, Pegatron, had halted hiring “due to poor iPhone sales.” Today, Credit Suisse confirms much of the cautions laid out previously in a note in which it says “iPhone supply chain orders have weakened recently. In our view, the continued weak supply chain news could weigh on Apple shares for the next few weeks/quarters.”

As a result of the change in sales expectations, the Swiss bank is lowering its CY16 EPS estimates by 6%, but since it doesn’t want to get on Tim Cook’s bad side, says that it continues to “believe that with high retention rates, continued installed base growth, and the optionality of a smaller 4-inch iPhone, Apple remains an Outperform.”
Source: Apple Cuts Component Orders By 10% Due To Weak iPhone 6s Demand: Credit Suisse | Zero Hedge

6-year-old Ohio boy suspended for pretending to play with imaginary bow and arrow

WEB Notes: People are absolutely crazy.

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The global taxers are after you

Are you aware that the American government has been slowly giving away its power to international bureaucrats to determine how its businesses and citizens are taxed?

Most wars do not turn out the way the people who started them intended. Setting aside the hot military wars, look at the consequences of the “war on drugs” and the “war on money laundering and tax evasion.”

Source: RICHARD RAHN: The global taxers are after you – Washington Times

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