Out of the suffering of others, many take the advantage to make profit, used the people to test drugs and commit every medical crime they find it hard to execute in Europe or in America. You must have noticed that the war in Syria has stopped for a while. Unicef is bringing food… And the World Health Oranization? They are starting a vaccination campaign.
Journalist and book author Michael Snyder says the collapse is not an event, but a “process.” Snyder explains, “I believe it is already in the process of coming apart. . . . One fifth of global stock market value is already gone. That means we only have four fifths left. At one point this month, $16.5 trillion had been wiped out from global stock markets since mid-2015. So, this started last year.
We saw oil collapse. We’ve seen junk bonds collapse. We’ve seen commodity prices collapse. The $16.5 trillion I just mentioned is just for stocks, and when you add up the other losses, that’s trillions of dollars more wealth that has been wiped out all over the world. What we have seen already has been extraordinary, but we are still in the process. People want to think of it as an event or a single day or a month, but this is a process.”
Snyder also contends, “The Baltic Dry Index dropped below 300 for the first time ever. We did not even see that during the 2008 Great Recession and financial crisis. I didn’t know the Baltic Dry Index could go that low. We are seeing exports decline dramatically in South Korea. New numbers for Japan came out . . . their exports were down 12% year over year. Exports in China have been falling month, after month, after month. U.S. exports were down 7% for the last monthly figure we had. India’s exports are down. This is happening all over the world. Real economic activity is grinding to a halt.”
Snyder says the problems with some global banks are far worse than in 2008. Snyder says, “The collapse of Deutsche Bank would be a far bigger event than the collapse of Lehman Brothers was back in 2008. If you are looking for another Lehman Brothers moment with their derivatives exposure . . . and now the biggest bank, in the biggest and most important economy in Europe, is in the process of coming apart.”
On war, Snyder says keep your eyes on the Middle East and Syria. Snyder explains, “Saudi Arabia and Turkey have to give up and cut their losses or they have to go in and do the job themselves. The Sunni militants, including ISIS, are not getting the job done. Turkey and Saudi Arabia are seriously considering a ground invasion of Syria. Are the Russians and Hezbollah and Iran going to stand aside and let them do it? I say almost certainly not and, in fact, could very easily erupt into WWIII.”
Either way, Snyder thinks we get “global financial collapse” and “World War III” but does not know which one comes first. Snyder says, “We already have the global economy grinding to a halt, but if we get WWIII, that just accelerates things greatly. It’s the chicken or the egg, whichever comes first, but without a doubt, we are moving into a time described as a perfect storm.”
On precious metals, Snyder says, “I think silver will absolutely skyrocket in the years ahead. We like gold, but absolutely love silver.”
Join Greg Hunter as he goes One-on-One with Michael Snyder, creator of TheEconomicCollapseBlog.com.
Modern technology, through communication and internet have influenced and enhanced Africa’s development, in a way that lives of many throughout the continent have significantly improved. The demand of ICT companies in Africa, have created fast growing mobile and internet markets providing employment to thousands of people.
A country without technology economy can never grow. It is therefore the effort of every government in Africa to invest into ICT facilities to sustain the economy. Technology is therefore essential and important establishing sustainable startup companies and firms in Africa. Today, several major technology trends are shaping the lives of Africans and the economies, with many formidable mobile companies, with communication tools such as the internet and telephone enabling quick access to every part of the world.
Let’s have a glance at the effect of ICT trends in Ghana, choosing MTN as an example. Officially launched in 1994, MTN Group is a multinational telecommunications group, operating in 21 countries throughout Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: “MTN” Detailed Report Data for 30 September 2010, MTN recorded 134,4 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d’Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo Brazzaville), Rwanda, South Africa, Sudan, Swaziland, Syria, Uganda, Yemen and Zambia.
MTN MobileMoney, a service which allows users to perform micro-financing and transfer money from their mobile device, has been adopted across the continent. The basic satisfaction behind this is the answer to customers’ dream of enjoying basic financial services on their mobile phones everywhere they go in Ghana and above all one doesn’t need a bank account to cash his or her money. This service provided by MTN in partnership with banks is also available on the internet. MTN MobileMoney service is recommended to be secure, simple, fast and convenient solution for money transfer and other transactions including reloading of MTN airtime units.
Let’s have a quick glance at India. What is a successful strategic technology? That is an existing technology that has matured, which is the case of India. The country has become an IT brand among the global countries over the years, with strong policies base in education, well-established telecommunication & infrastructure facilities and favourable market conditions that prevail. Many Indian cities are now holding prominent places in the global IT map. Now India stands out as one of the biggest and fastest growing economies in the world.
The country’s matured technology offers an opportunity for strategic business advantage, continuing expansion in foreign firms owned establishments in India, with its emergence as favorite sector for local Indian investors and talented entrepreneurs. Yet Indian IT industry is still only in its very early stages of development both internationally and domestically and has strong growth potential.
The industry growing at 40 percent per annum between 1994 and 1999, with software exports alone more than 50 percent, earned revenue growth IT industry from $1 billion in 1990 to $8 billion in 2000, envisioned to reach $100 billion in 2008.
“While predicting the future is hard to do, it’s indubitable that the Internet and mobile technology will improve the lives of many Africans in the years to come,” said tech expert Rudy de Waele, who assists global brands and companies with cutting edge open innovation strategy on how to mobilize their business and products through projects, research, strategy, presentations, workshops and brainstorms.
ICT developed and developing continents, such as Africa and Asia hold its own communications future, as talent shines through and the continent becomes leading innovator, manufacturer and exporter throughout the continents and of the rest of the world.
The scramble for Africa was very swift. It was an opportunity Europeans made good use of it, but with iron fist, after discovering Africa’s wealth, in the least advanced continent. Even though malaria killed hundreds of Europeans, by 1862, they had reached the source of the Nile, then little later, they traced the route of the Niger and confirmed the reality of Africa’s rich mineral resources- ivory, gold, diamonds, tin, copper, rubber etc.
Between the 1870’s and 1900, Africa experienced European imperialist invasion, diplomatic pressures, military invasions, and eventual conquest and colonization. Among other European countries, France had Republic of Benin, Upper Volta, now Burkina Faso, Cameroon, Central African Republic, Republic of Chad, Ivory Coast, Gabon, Madagascar, Mali, Mauritania, Mozambique, Niger, Senegal and Republic of Togo in Sub-Saharan Africa, and Morocco, Algeria and Tunisia in North Africa, then Djibouti, Lebanon and Syria.
Since most of the countries colonized by France were Islamic countries, Islam became the second largest professed religion in France, following Catholic-Christians, with an estimated total of 5 to 10 percent of the national population. France stands as the largest Muslim country in Western Europe. Do we have to ask: Would France be free from terrorism without colonizing many Islamic countries?
As the story unfolds, France ruled heavy Islamic dominant countries, including Republic of Guinea, until Guinea attained its independence in 1958. Like Belgium, that couldn’t stand the pain of losing Congo and embarked on ruthless destruction of Congo, both physically and medically, France aimed to destroy Guinea as well. They emptied all the coffers of the bank and took everything from the state house, including the furniture to France. The newly elected Prime Minister Ahmed Sekou Touré inherited a very bad economy and complete looted country.
France still interested in Africa, established its embassies in every country they colonized and continued interfering with African politics. The reason whenever there is coup in any of the countries France colonized, they quickly send the military to arrest the situation. France seen as paradise, nationals from countries they colonized in Africa, had the opportunity to travel to France to study, request for political asylum and to work as immigrants.
Apart from migration, a lot of Muslims were born in France, amounting to 15 percent of the total population, creating Muslim communities through out France. The country therefore has a long and complicated relationship with the Muslim world and its own immigrant population, many of whom have been in the country for generations.
Due to the heavy concentration of Muslims in France, the country is therefore an easy target for terrorists. In the beginning of this year, gunmen shot dead 12 people at the Paris office of French satirical magazine Charlie Hebdo, in an apparent militant Islamist attack. That’s where France should have been careful to avoid the present attacks that have killed at least 129 people.
Under President Francois Hollande, France launched its first airstrikes against ISIS targets in Syria in September, but external attacks against terrorists, can’t weaken the foundation of terrorism threatening France, because the enemies-terrorists are within the people in the country. The France government should first fight against terrorism at home, to weaken its foundation, before concentrating on external issues.
French officials have named Abdelhamid Abaaoud, as the alleged mastermind of the Paris attacks. The 27 year old Belgian linked to a Brussel-based terror cell. He remains at large and is believed to be in Syria.
He became known to security forces after, appearijng in an Islamic State Video. He was also linked to two twarted attacks in France this year, one on a high speed train to Paris and another on a church in the capital.
Omar Ismail Mostefai has been indentified as one of the Islamic attackers at the Bataclan. His body was found at the scene. He was born in France and grew up in Le Canal Estate in Courcourronnes, 16 miles, South of Paris.
For updates and more information follow Yahoo News: https://uk.news.yahoo.com/video/abdelhamid-abaaoud-islamic-state-jihadi-105741833.html