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Sheldon Filger
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Sheldon Filger, an American-Canadian writer, is the author WALL STREET KILLS: A NOVEL ABOUT FINANCIAL POWER, VIOLENT SEX AND THE ULTIMATE SNUFF MOVIE. He has also written GLOBAL ECONOMIC FORECAST 2010-2015: RECESSION INTO DEPRESSION. Sheldon Filger's other books and articles involve subjects as diverse as politics, economics, nuclear terrorism and female sensuality. His chilling book, KING OF BOMBS, is a novel about nuclear terrorism. His blistering critique of American politics, HILLARY CLINTON NUDE, warned back in 2006 that a terrible global economic crisis would strike, crippling the American economy.

Mr. Filger is the founder of www.GlobalEconomicCrisis.com, one of the most visible websites on the Internet focused on the global economic crisis.

Entries by Sheldon Filger

24 European Banks Fail EBA Stress Test: Is a Major Banking Crisis Looming?

(0) Comments | Posted October 26, 2014 | 3:36 PM

The European Banking Authority, in conjunction with the European Central Bank, conducted a stress test of 123 leading banks within the European Union. A total of 24 banks failed the stress tests, which gauges the ability of a bank located within the EU to withstand macroeconomic pressures, which are rapidly...

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Global Economy Shows Increasing Signs of Fragility: From Wall Street to Berlin, the Warning Lights Are Flashing

(1) Comments | Posted October 9, 2014 | 6:08 PM

In the past few days the equity markets, in particular the Dow Jones index, have displayed wild gyrations. One day stocks fall sharply, followed by a near equal climb the following day, only to shortly afterwards swing down sharply again. The sentiment-driven swings on the world's bourses display extreme nervousness...

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President Obama Wages War on the Islamic State, aka ISIS and ISIL: Anatomy of a Disaster in the Making

(82) Comments | Posted October 5, 2014 | 12:07 AM

A full-blooded war in its early stages is now underway, involving two antagonists, the Islamic State led by Abu Bakr al-Baghdadi, known to his followers as Caliph Ibrahim, and the United States of America, led by President Barack Obama. The former, creator of the world's first Islamic caliphate in nearly...

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Does the Islamic State (aka ISIS and ISIL) Pose a Threat to America?

(0) Comments | Posted September 19, 2014 | 4:36 PM

As the Obama administrations engages in an awkward and uncertain recalibration of its policy towards the Middle East since of the emergence of the caliphate of Abu Bakr al-Baghdadi -- the Islamic State -- the internal debate amongst the President's inner circle is being mirrored by pundits on both the...

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Can the Islamic State, ISIS, and the Global Jihad Defeat the U.S.? The Answer Is Yes

(102) Comments | Posted August 29, 2014 | 3:21 PM

In remarks made before White House journalists on August 28, President Barack Obama, officially the commander-in-chief of the world's most powerful military, offered his nation the following status of his leadership in the emerging global struggle with the Islamic State. "We don't have a strategy yet," so stated President Obama,...

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The Final Solution Of The Christian Arab Question In The Middle East

(2) Comments | Posted August 7, 2014 | 8:40 PM

In 2003, as President George W. Bush unleashed his invasion of Iraq-based on the false premise of WMDs- for the overarching goal of reengineering the Arab world to conform to Western notions of governance and economics, the Christian community of that ancient Mesopotamian land numbered 1.5 million, representing some 5...

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Malaysian Airlines Massacre: Vladimir Putin and Katyn Forest Version 2.0

(0) Comments | Posted July 21, 2014 | 6:14 PM

The horrific destruction of Malaysian Airlines flight MH17 is one of those rare events that shocks the conscience of the entire world. While an objective investigation has been rightly called for to uncover the full truth behind this horrific crime, is it unlikely that such truth will be easily discoverable....

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Does Abu Bakr al-Baghdadi and His Islamic Caliphate Mark the Beginning of the Third World War?

(33) Comments | Posted July 10, 2014 | 3:47 PM

As the world mark's the 100th anniversary of the First World War, the self-proclaimed Caliph of the Islamic State, Abu Bakr al-Baghdadi, made his first public appearance at the Great Al-Nuri Mosque in Mosul, Iraq. In a fiery sermon, the man who claims to be the leader of the first...

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Iraq Crisis Threatens Global Economy

(1) Comments | Posted June 13, 2014 | 2:59 AM

The latest news from Iraq clearly has geopolitical implications. No less important are the economic ramifications. The Iraq war, which began with the U.S. invasion in 2003, is entering a new phase, and perhaps far more dangerous territory.

A Salafist-Islamist insurgent group which goes by the acronym in English of...

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The U.S. National Debt: Can The Federal Reserve Perform Fiscal Alchemy Forever?

(4) Comments | Posted May 28, 2014 | 4:58 AM

In the year 2000, as George W. Bush assumed the role of 43rd president of the United States, America's national debt stood at $ 5.7 trillion, while the annual GDP was $10.7 trillion. Now, 14 years later, with the U.S. GDP standing at $16.2...

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Vladimir Putin Can Learn A Lesson From History Taught By Joseph Stalin

(1) Comments | Posted March 5, 2014 | 3:25 PM

For the past fourteen years, Vladimir Putin has been at the center of Russian power politics, either as president or prime minister. When he succeeded his predecessor, Boris Yeltsin, Russia was economically in freefall, and on the verge of permanent anarchy in the wake of the chaotic dissolution of the...

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New Fed Chair Janet Yellen Faces Global Financial Woes From Tapering

(0) Comments | Posted February 5, 2014 | 5:20 PM

With Ben Bernanke now gone (but not forgotten), Janet Yellen replaces him in the role of being the most important central banker on the planet. However, Ms. Yellen does not begin her role as the first woman to serve as chair of the U.S. Federal Reserve at the most auspicious...

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China's Local Government Debt Explodes

(2) Comments | Posted January 2, 2014 | 12:03 PM

While much of the discourse on public debt and deficits among economists and media pundits has been related to the Eurozone Crisis, especially regarding Greece, or major developed economies such as the United States and Japan, much less has been heard about China's fiscal status. Yet, one of the most...

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Global Economic Growth Forecast Cut By IMF: Implications Are Sobering

(18) Comments | Posted October 29, 2013 | 9:59 AM

While media throughout the world continues to give the impression that the global economic crisis and its related debt and fiscal issues are on the path to recovery, largely by cherry picking the news, the International Monetary Fund has cut its forecast for 2013. In July, the IMF...

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Esther L. George Is the Lone Hero Within the U.S. Federal Reserve

(0) Comments | Posted September 23, 2013 | 6:52 AM

The recent conclave of the Fed's FOMC (Federal Open Market Committee) that met and rendered a decision has sent the Dow Jones index soaring to record levels. The Fed, under the chairmanship of Ben Bernanke, is continuing its asset buying program, calibrated at $85 billion per month, as...

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Indian Economy Faces Crisis: From Boom to Bust?

(0) Comments | Posted September 5, 2013 | 11:42 AM

Only a few years ago, India was, along with China, viewed as a sleeping giant that had awoken, at least as far as economic development was concerned. Until recently, annual GDP growth rates were just below double-digit levels; those rates have now been halved, as investors turn bearish on the...

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Guernica 1937 and Damascus 2013: A Frightening Comparison

(65) Comments | Posted August 23, 2013 | 1:45 PM

As Syria continues its descent into a hellish self-destruction, its barbaric civil war is being frequently compared to the equally brutal Spanish Civil War of 1936-39, which served as a prologue to the Second World War. It is said that history may not repeat itself, but it often rhythms. If...

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Comedic Farce at the Bank of Israel

(14) Comments | Posted August 9, 2013 | 7:16 PM

Until recently, the Bank of Israel was judged by experts in the field of central banking as being the best managed and most effective central bank among advanced economies during a time of global financial and economic turmoil. In a few short weeks, Israel's Prime Minister, Benjamin Netanyahu, and his...

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Have Central Banks Gone Too Far? A Warning From the Bank for International Settlements

(0) Comments | Posted June 26, 2013 | 3:07 PM

A characteristic of the global financial and economic crisis that erupted in 2008 is that central banks have usurped the role of policy maker in sovereign states from the politicians. In the absence of coherent economic and fiscal policies in the United States, Japan, the eurozone and United Kingdom, central...

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As Syria Implodes, a Civil War Between Sunnis and Shiites Looms Ominously

(2) Comments | Posted June 12, 2013 | 11:59 AM

In the year 680 AD, a military engagement occurred in the town of Karbala, in present-day Iraq. The forces of Hussein ibn Ali, grandson of Islam's prophet, were defeated by the army of the ruling Umayyad caliph. Hussein was beheaded, and approximately 150 men on both sides died. Based strictly...

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