crisis

World faces wave of epic debt defaults, fears central bank veteran

World faces wave of epic debt defaults, fears central bank veteran
January 22, 2016 No Comments »

By Ambrose Evans-Pritchard Exclusive: Situation worse than it was in 2007, says chairman of the OECD’s review committee The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a ... Read More »

‘US Seek to Control the EU Elites via Refugee Crisis’

‘US Seek to Control the EU Elites via Refugee Crisis’
September 17, 2015 No Comments »

By Andrew Korybko FARS News and Oriental Review interview given by Andrew Korybko to the Iranian FARS News agency on the origins of the Syrian war, refugee crisis in the EU and the US interest in making radicals infiltrate Europe. What ... Read More »

Return to Crisis: Things Keep Getting Worse

Return to Crisis: Things Keep Getting Worse
September 3, 2015 No Comments »

By Mike Whitney CounterPunch Had the economy been fundamentally sound in 1929 the effect of the great stock market crash might have been small…. But business in 1929 was not sound; on the contrary it was exceedingly fragile. It was ... Read More »

Global Capitalism and the Global Police State: Crisis of Humanity and the Specter of 21st Century Fascism

Global Capitalism and the Global Police State: Crisis of Humanity and the Specter of 21st Century Fascism
April 26, 2015 No Comments »

By Prof William I. Robinson The world capitalist system is arguably experiencing the worst crisis in its 500 year history. World capitalism has experienced a profound restructuring through globalisation over the past few decades and has been transformed in ways ... Read More »

The Refugee Crisis: How NATO Kills Africans in the Club Med

The Refugee Crisis: How NATO Kills Africans in the Club Med
April 25, 2015 No Comments »

By Pepe Escobar Sputnik News Humanitarian imperialism as applied to what the Pentagon loves to define as MENA (Middle East-Northern Africa) has led, according to Amnesty International, “to the largest refugee disaster since the Second World War.”  You all remember ... Read More »

Drought in São Paulo: Brazil’s Megacity on Verge of Crisis as Water Rationing, Shutoffs Continue

Drought in São Paulo: Brazil’s Megacity on Verge of Crisis as Water Rationing, Shutoffs Continue
March 29, 2015 No Comments »

By William Hawes The past three months have seen the driest winter in 84 years in southeastern Brazil. Water shortages are now critical in São Paulo, home to twenty million people. The city’s primary reservoir is fluctuating between 6-13% of ... Read More »

Chinese Rating Agency Warns Coming Economic Crisis Is Worse Than 2008, Blames Credit-Based Consumption

Chinese Rating Agency Warns Coming Economic Crisis Is Worse Than 2008, Blames Credit-Based Consumption
February 7, 2015 No Comments »

By ITAR-TASS ITAR-TASS BEIJING – The world economy may slip into a new global financial crisis in the next few years, China’s Dagong Rating Agency Head Guan Jianzhong said in an interview with TASS news agency on Wednesday. “I believe ... Read More »

The Eurozone in Crisis: The Greek Elections, An Opportunity of the Century, A Gateway for Europe

The Eurozone in Crisis: The Greek Elections, An Opportunity of the Century, A Gateway for Europe
January 25, 2015 No Comments »

By Peter Koenig “Greece could be ousted from the Eurozone”, warned deputy parliamentary leader of Angela Merkel’s CDU Party, Michael Fuchs, on 31 December 2014. He added, the Eurozone was no longer obligated to rescue Greece from its current crisis. ... Read More »

Gallup CEO Blasts US Leadership “The Economy Is Not Coming Back”

Gallup CEO Blasts US Leadership “The Economy Is Not Coming Back”
January 15, 2015 No Comments »

by Jim Clifton | Zero Hedge Focus on the almighty entrepreneurs and business builders The U.S. now ranks not first, not second, not third, but 12th among developed nations in terms of business startup activity. Countries such as Hungary, Denmark, ... Read More »

France’s economics ills worsen but all remedies appear unpalatable

France’s economics ills worsen but all remedies appear unpalatable
September 9, 2014 No Comments »

Beset from right and left, president François Hollande could do with some good economic news. But he is at the mercy of Germany’s eurozone austerity drive – and Merkel is unlikely to cut him much slack President Francois Hollande, pictured ... Read More »

Global Financial Turbulence? European Central Bank Cuts Interest Rates and Announces Asset Purchasing Program

Global Financial Turbulence? European Central Bank Cuts Interest Rates and Announces Asset Purchasing Program
September 5, 2014 No Comments »

By Nick Beams he European Central Bank has again lowered official interest rates and will begin a program of purchasing asset-backed securities in financial markets in the hope that these measures will counter the ever-worsening economic situation in the eurozone. ... Read More »

Why Capitalism is Failing

Why Capitalism is Failing
September 4, 2014 No Comments »

by  Dr. Stuart Jeanne Bramhall As the global economy continues to tank, it becomes increasingly apparent that capitalism is incapable of meeting the survival needs of the great majority of the planet. In the video below, economist Jeremy Rifkin explains the ... Read More »

America’s Monetary Crisis: Even the Council on Foreign Relations Is Saying It: Time to Rain Money on Main Street

America’s Monetary Crisis: Even the Council on Foreign Relations Is Saying It: Time to Rain Money on Main Street
September 3, 2014 No Comments »

By Ellen Brown “You can always count on Americans to do the right thing, after they’ve tried everything else.” —Winston Churchill When an article appears in Foreign Affairs, the mouthpiece of the policy-setting Council on Foreign Relations, recommending that the Federal ... Read More »

Federal Reserve Admits Truth In Internal Memo: “Prices Continue To Rise Between 3% And 33%”

Federal Reserve Admits Truth In Internal Memo: “Prices Continue To Rise Between 3% And 33%”
May 29, 2014 No Comments »

Memo: “Over the past five years, many of you may have experience product price increases in grocery stores” Image Credits: selbstfotografiert, Wiki Commons by Zero Hedge We are confused: on one hand the Fed is injecting hundreds of billions of ... Read More »

The Number Of Working Age Americans Without A Job Has Risen By 27 MILLION Since 2000

The Number Of Working Age Americans Without A Job Has Risen By 27 MILLION Since 2000
May 5, 2014 No Comments »

Michael Snyder The Economic Collapse Did you know that there are nearly 102 million working age Americans that do not have a job right now? Image: American Unemployment (Wiki Commons). And20 percent of all families in the United States do ... Read More »

World Bank Whistleblower Reveals How The Global Elite Rules The World

World Bank Whistleblower Reveals How The Global Elite Rules The World
April 22, 2014 No Comments »

By Michael Snyder Karen Hudes is a graduate of Yale Law School and she worked in the legal department of the World Bank for more than 20 years.  In fact, when she was fired for blowing the whistle on corruption ... Read More »

Two More Victims Of The Retail Apocalypse: Family Dollar And Coldwater Creek

Two More Victims Of The Retail Apocalypse: Family Dollar And Coldwater Creek
April 19, 2014 No Comments »

Michael Snyder The Economic Collapse Did you know that Family Dollar is closing 370 stores? When I learned of this, I was quite stunned. I knew that retailers that serve the middle class were really struggling right now, but I ... Read More »

More Americans Go Hungry Than All But 2 European Nations

More Americans Go Hungry Than All But 2 European Nations
April 10, 2014 No Comments »

Zero Hedge Since 2007, when the financial crisis touched down across the world, the proportion of people going hungry in Europe has soared, according to the OECD. As Bloomberg’s Niraj Shah notes, the number has doubled in Greece alone from ... Read More »

Deflation Causes Europe to Run Out of Other People’s Money

Deflation Causes Europe to Run Out of Other People’s Money
April 1, 2014 No Comments »

by Chriss W. Street Margaret Thatcher famously commented on the European welfare state spending, “The problem with socialism is that eventually you run out of other people’s money” to spend. European elites are panicking over a report in the Financial ... Read More »

Poor take the fall in deepening Europe crisis

Poor take the fall in deepening Europe crisis
March 29, 2014 No Comments »

A begger sits beside an ATM in Madrid. (AFP Photo / Gerard Julien) Europe’s poor and children are bearing the brunt of harsh austerity measures as the eurozone crisis continues to deepen, a report compiled by the Catholic charity Caritas ... Read More »