The global economic crisis is staged: Unemployment skyrockets in the EU – Incomes crash in the USA – China ‘fully prepared’ for currency war – Billionaires, traders, and hedge funds are betting against economy, stock markets and currencies

Unemployment Hits New Record in Euro Zone, Personal Income Plummets in US  Economic statistics released this week reflect a further weakening of the world economy and a further fall in the living standards of the international working class.
Reports on unemployment, manufacturing activity, economic growth and personal income in Europe, China and the United States point to an overall slowdown in economic growth and a rise in unemployment and poverty. They coincide with new moves by the European Union and the Obama administration in the US to slash social spending and public-sector jobs and wages. These measures mark an escalation of the class-war policies that have fueled the economic slump and already brought untold suffering to hundreds of millions of workers.
On Friday, the European Union statistics agency Eurostat reported that unemployment in the 17-nation euro zone hit a new record in January of 11.9 percent, up from 11.8 percent in December. For the 27-nation European Union as a whole, the official figure for January was 10.8 percent, up from 10.7 percent the previous month.
There were nearly 19 million unemployed people in the euro zone, an increase of 200,000 from January, according to official figures. In the whole of the EU, there were 26.2 million jobless workers, 222,000 more than in December. The real situation is even worse than these staggering figures indicate, since they do not take into account millions of people who have dropped out of the labor market.
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Alasdair Macleod: Europe is in Worse Shape Than Everyone Thinks

EU governments are getting desperate

China ‘fully prepared’ for currency war

Just in case Lagarde (and everyone else except for the Germans, who have a very unpleasant habit of telling the truth), was lying about that whole “no currency war” thing, China is already one step ahead and is fully prepared to roll out its own FX army. According to China Times, “China is fully prepared for a looming currency war should it, though “avoidable,” really happen, said China’s central bank deputy governor Yi Gang late Friday.” We look forward to the female head of the IMF explaining how China is obviously confused and that it is not currency war when one crushes their currency to promote “economic goals.” Of course, that same organization may want to read “Zero Sum for Absolute Idiots” because in this globalized economy any attempt to promote demand (by an end consumer who has no incremental income and stagnant cash flow) through currency debasement has no impact when everyone does it. But then again, this is the IMF – the same organization that declared Europe fixed in 2009, 2010, 2011, 2012, 2013 and so on.

Billionaires Continue To Dump Stocks, Traders Are Betting Against The Economy, Hedge Funds Preparing For Market Sell-Off, And Now They Start Betting Against Currencies As World Plunges Into Recession

Billionaires Dumping Stocks, Economist Knows Why

Google Inc Executive Chairman Eric Schmidt is selling roughly 42 percent of his stake in the Internet search

Urgent! Hedge Funds Preparing For Market Sell-Off.


Some of The Biggest U.S. Hedge-Fund Investors Score Big by Betting Against Yen
Some of the biggest U.S. hedge-fund investors have made billions betting against the yen, exploiting Japan’s determination to weaken its currency and boost its economy.
World Plunges Into Recession

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Fed’s Evans – “I don’t think we are anywhere near the end of the program”
“It is in fact that specter of repeating the Japanese experience that now keeps me up at night,” Evans said.

Peter Schiff predicts: US Debt Crisis Will Be Worse Than Europe’s

Imminent stock market crash – Get READY