financial system »
Starving Greeks queue for food in their thousands as debt-wracked country finally forms a coalition government… but how long will it last?
Starving Greeks queued around the block for free food handouts yesterday as the country's politicians managed to end a crippling stalemate to form a coalition government. Young children as well as the elderly waited in
Read More »
America is Greece… On Steroids
Take a moment to consider this number: $16,084,425,792,391 At the last count, this is the level of the U.S. national debt. And if that number scares you… it should. The fiscal and debt situation of the
Read More »
Oh Crud! 19 Reasons Why It Is Time To Start Freaking Out About The Global Economy
Yes, it is officially time to start freaking out about the global economy. The European financial system is falling apart and it is going to go down hard. If Europe was going
Read More »
Forget The Election Results – Greece Is Still Doomed And So Is The Rest Of Europe
The election results from Greece are in and the pro-bailout forces have won, but just barely. It is being projected that the pro-bailout New Democracy party will have about 130 seats in the
Read More »
20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare
The world is on now on the brink of a global credit crisis that could be far worse than the tumultuous events of 2008. The ongoing sovereign debt crisis in the southern reaches of
Read More »
The Economic Collapse Is Not A Single Event
Many people hype "the coming economic collapse" as if it is some kind of big summer Hollywood blockbuster. Many people out there write about it as if it is something that will happen
Read More »
The U.S. Economy By The Numbers: 70 Facts That Barack Obama Does Not Want You To See
Why is the economy going to collapse? Have you ever been asked that question? If so, what did you say? Sometimes it is difficult to communicate dozens of complicated economic and
Read More »
America In Decline: The Soul Crushing Despair Of Lowered Expectations
All over America tonight there are people that believe that their lives are over. When you do everything that you know how to do to get a job and you still can't get
Read More »
Economic Collapse Nearing
Ever since the beginning of the financial crisis and quantitative easing, the question has been before us: How can the Federal Reserve maintain zero interest rates for banks and negative real interest rates for
Read More »
21 Signs That This Could Be A Long, Hot, Crazy Summer For The Global Financial System
The summer of 2012 is shaping up to be very similar to the summer of 2008. Things look incredibly bleak for the global economy right now. Economic activity and lending are slowing
Read More »
“The End Game: 2012 And 2013 Will Usher In The End” – The Scariest Presentation Ever?
If Raoul Pal was some doomsday spouting windbag, writing in all caps, arbitrarily pasting together disparate charts to create 200 page slideshows, it would be easy to ignore him. He isn't. The founder of
Read More »
The Bad Jobs Report Is Just A Very Small Taste Of The Nightmare That Is Coming
Another month, another bad jobs report. For the month of May, the U.S. economy only added 69,000 jobs and the unemployment rate rose to 8.2%. Many are calling this a total "disaster"
Read More »
Lloyd’s of London preparing for euro collapse
The chief executive of the multi-billion pound Lloyd's of London has publicly admitted that the world's leading insurance market is prepared for a collapse in the single currency and has reduced its exposure "as
Read More »
Spare Change: Rising number of homeless female US veterans
Four years ago, Veronica Witherspoon was stationed in Baghdad, enduring roiling sandstorms and nearly daily rocket fire as she worked as a Navy petty officer at Camp Victory. By January, she had left the military,
Read More »
As Europe Threatens to Implode, America Shrugs
Americans are increasingly inundated with news about the debt crisis rocking Europe, but that doesn't mean they care. According to data from the Pew Research Center's Project for Excellence in Journalism, the European crisis
Read More »
Real federal deficit dwarfs official tally
The typical American household would have paid nearly all of its income in taxes last year to balance the budget if the government used standard accounting rules to compute the deficit, a USA TODAY
Read More »
How Facebook could destroy the U.S. economy
Facebook just joined a “troubled club,” warns the Economist. Now it’s just another “endangered public company.” Yes, endangered. The number of public companies has declined 37% since 1997. The number of IPOs has dropped from
Read More »
The Days of Decline — Images from an Economic Collapse in Progress
This is a familiar scenario the world over as divide-and-conquer techniques pit police against the very people it is in their best interest to protect ... while the engineers of the collapse sit back
Read More »
Bilderberg Agenda Attracts National Exposure
The secretive Bilderberg Group’s agenda for its 2012 meeting has attracted national attention with an article by veteran Politico journalist Ken Vogel exploring charges that the organization is set to play a decisive role
Read More »
18 Signs That The Banking Crisis In Europe Has Just Gone From Bad To Worse
With each passing day, the banking crisis in Europe escalates. European banks are having their credit ratings downgraded in waves, bond yields are soaring and billions of euros are being pulled out of
Read More »