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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

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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Australia Fiscal Crisis: Massive Deficit Overwhelms Julia Gillard's Government

(2) Comments | Posted May 16, 2013 | 2:47 PM

A year ago, Australia's treasurer, Wayne Swan, boasted that the nation's budget for 2013 would have a surplus of 1.5 billion Australian dollars. This was supposed to herald a fall election campaign based on the wise stewardship of the ruling Labor Party and its prime minister, Julia Gillard. It now...

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Cyprus Banking Crisis Goes From Bad To Worse

(2) Comments | Posted April 12, 2013 | 11:25 AM

Just when everyone thought the Cypriote banking disaster could not get any worse-how can it get worse when the government is desperate enough to steal bank depositors' money-it has suddenly become much worse. The President of Cyprus, Nicos Anastasiades, is back on his hands and knees, begging the European Union...

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Banking Debacle in Cyprus; Grand Theft Auto in Brussels

(0) Comments | Posted March 21, 2013 | 2:01 PM

For those who thought that the Eurozone debt crisis had simply gone away, they received a rude reminder that this destructive fiscal disaster is not only still with us, but that its contagion continues to metastasize. The private banks in Cyprus were among many privately-owned financial institutions in the Eurozone...

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Sequestration: Economic Russian Roulette Comes to America

(0) Comments | Posted March 7, 2013 | 10:07 AM

Russian roulette is the macabre game of death, in which a revolver with a single bullet is passed around, each player pointing a gun at his head and pressing the trigger. There is, mathematically speaking, a one in six chance of blowing one's brains to smithereens. This morbid game of...

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Moody's Cut's Britain's Credit Rating; UK Loses Coveted AAA Status

(1) Comments | Posted February 25, 2013 | 10:42 AM

The British economy, still struggling from the aftereffects of the 2008 Global Economic Crisis and financial disaster, now has received another boot in its ribcage. Moody's, one of the three major credit rating agencies, has cut its assessment of the UK's sovereign debt form AAA to Aa1.

...

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The Dow Jones at 14,000: Party Before the Storm?

(1) Comments | Posted February 7, 2013 | 1:13 PM

With the Dow Jones having reached 14,000, it can be said that the worst losses on the index since 2008 have been made whole. But does that mean the global economic crisis is over? Hardly, as what we are seeing on Wall Street is totally unconnected to the real economy,...

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U.S. Economy Held Hostage to Fiscal Cliff Shenanigans

(0) Comments | Posted December 21, 2012 | 2:02 PM

The so-called fiscal cliff, a creation of Washington politicians, means that a tsunami of tax increases and spending cuts will batter the American economy, due to, among other things, the expiration of the Bush tax cuts. As the United States is still coping with a severe economic crisis, and depends...

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Greece Bailout Crisis a Warning for U.S. Politicians Facing the Nation's Fiscal Cliff

(3) Comments | Posted November 21, 2012 | 3:56 PM

At their most recent meeting, the finance ministers representing the 17 countries that comprise the eurozone, along with the IMF (International Monetary Fund) and ECB (European Central Bank), have thus far failed to decide on releasing the next tranche of bailout funds to insolvent Greece. Without the bailout money being...

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Sending Scientists to Prison Helps Explain Why the Italian Economy Is in Trouble

(1) Comments | Posted October 25, 2012 | 6:19 PM

First there was Greece, then Ireland and Portugal, and now Spain. The last of the PIIGS nations afflicted with massive sovereign debt is Italy. Massive public debts and annual deficits, its bonds periodically hovering at the seven percent dangerous yield level on long term sovereign debt, the Italian economy is...

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Controversy Over U.S. Unemployment Rate Masks The Real Issue Underlying America's Crisis

(6) Comments | Posted October 8, 2012 | 11:53 AM

The Bureau of Labor Statistics latest jobs report suggested 114,000 non-farm jobs were added in September, while the national unemployment rate dropped from 8.1 percent to 7.8 percent. With the U.S. presidential election only one month away, the Republicans naturally claimed that something was fishy about the jobs...

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