Chinese Media Slams U.S. Debt Crisis

NEW YORK (TheStreet) — A mouthpiece for the Chinese government has published a scathing attack Thursday on the U.S. over its failure to raise the national debt ceiling just days ahead of the… Continue reading →

Ghost towns on the increase as rural America accounts for just 16% of population

Vast swathes of the U.S. countryside are emptying and communities becoming ghost towns as rural America now only accounts for just 16 per cent of the population. The 2010 census results suggest that… Continue reading →

Japan Passes Law To Cleanse Internet Of “Bad” Fukushima Radiation News

Japan has passed a law that will enable the police and contractors to monitor internet activity without restriction to “cleanse” the Internet of any “bad” Fukushima radiation news. As I previously reported, Japan… Continue reading →

Obama admits the government could default as debt talks collapse AGAIN

House Speaker John Boehner blamed President Barack Obama for the collapse of U.S. debt ceiling talks, saying the White House sought to raise taxes and failed to ‘make the tough choices’ on spending… Continue reading →

UN security council to consider climate change peacekeeping

A special meeting of the United Nations security council is due to consider whether to expand its mission to keep the peace in an era of climate change. Small island states, which could… Continue reading →

Jobless claims rise above expectations

(Reuters) – The number of Americans filing new claims for unemployment benefits rose more than expected last week, pointing to a labor market that is struggling to regain momentum. Initial claims for state… Continue reading →

World one step away from economic meltdown

The world is just one misstep away from a complete financial, economic and geo-political meltdown. Though the mainstream voices have calmed their reports of Middle East conflict amid the debt ceiling and negative… Continue reading →

Europe’s Leaders Have Finally Run Out of Time

Only Germany can save EMU as contagion turns systemic If they fail to agree on some form of debt pooling and shared fiscal destiny at Thursday’s emergency summit, they risk a full-fledged run… Continue reading →

U.S. Sovereign Debt Downgraded to a “C-minus”, DHS Warns Of Terror Attack If Debt Ceiling Not Raised

U.S. Downgraded to ‘Near Junk’ by Weiss “NEW YORK (TheStreet) — Weiss Ratings on Friday downgraded its rating for United States sovereign debt to a “C-minus,” or just one notch above a junk… Continue reading →

10 Signs That The American People Are Starting To Freak Out About The Condition Of The Economy

All over America, restlessness and frustration are growing. It has now been almost three years since the great financial crash of 2008, and yet the U.S. economy is still a complete and total… Continue reading →

Return of the gold standard as world order unravels

As the twin pillars of international monetary system threaten to come tumbling down in unison, gold has reclaimed its ancient status as the anchor of stability. The spot price surged to an all-time… Continue reading →

POTUS: ‘This May Bring Down My Presidency, But I Will Not Yield on This’

From a GOP Aide at the Debt Talks: “Over the last several days the White House has been walking back the savings on the Biden number.  Thursday it was $2 trillion, Monday it… Continue reading →

We are one major scare away from global financial markets unraveling

Moody’s Investors Service put the U.S. under review for a credit rating downgrade as talks to raise the government’s $14.3 trillion debt limit stall, adding to concern that political gridlock will lead to… Continue reading →

Even Dollar Stores Struggling In ‘Obama Depression’

More stores across the U.S. that offer deeply-discounted products are seeing their sales decline after years of growth amid America’s “Great Recession” — and one analyst said on Monday it’s another sign of… Continue reading →

US plan of inaction is dooming economy

If you were shocked by Friday’s US jobs report, if you thought America was doing well and were taken aback by the bad news, you haven’t been paying attention. The fact is, the… Continue reading →

Obama challenges GOP to compromise on debt

WASHINGTON (AP) — President Barack Obama raised the stakes Monday in talks aimed at preventing an unprecedented U.S. default, saying there would be no agreement if Republicans did not compromise and that he… Continue reading →

9% Unemployment Rate is a Statistical Lie

The Bureau of Labor Statistics (BLS) released the latest unemployment figures last Friday.  There was a stunning drop to 9% from 9.4%.  How did that happen?  Is the economy really getting better or… Continue reading →

Exclusive – EU calls emergency meeting as crisis stalks Italy

(Reuters) – European Council President Herman Van Rompuy has called an emergency meeting of top officials dealing with the euro zone debt crisis for Monday morning, reflecting concern that the crisis could spread… Continue reading →

Over 1,400 arrested, tear gas fired in Malaysia protest

(Reuters) – Malaysian police fired repeated rounds of tear gas and detained over 1,400 people in the capital on Saturday as thousands of activists evaded roadblocks and barbed wire to hold a street… Continue reading →

Jobs growth stalls, setting back recovery hopes

(Reuters) – U.S. jobs growth ground to a near halt in June as employers hired the fewest workers in nine months, frustrating hopes the economy would bounce back quickly from a slowdown in… Continue reading →

A 2004 secret report warned of catastrophes and coming global upheaval

This is a chilling article and we reexamine what was written some 7 years ago, in 2004, in light of recent earthchanges. Here’s the UK article in part that appeared in the Guardian:… Continue reading →

European debt crisis: Portugal is latest domino to fall

European debt crisis: the German chancellor, Angela Merkel, needs to accept that the richer EU nations took a risky bet in buying Portuguese debt. Photograph: Picture Perfect/Rex Features There is a growing sense… Continue reading →

S&P: We’ll Drop U.S. Debt Rating From AAA to D in August

Standard & Poor’s, the credit rating agency, will drop the United States’ debt rating from a pristine triple-A to a pathetic D if Republicans and Democrats cannot agree on a deal by August… Continue reading →

Financial storm clouds of unprecedented intensity gathering on the horizon

July 3, 2011 – If you thought the global financial crisis of 2008 was bad, wait till you sit through the sequel. The world should be preparing for some very difficult days ahead. An unprecedented… Continue reading →

Selling gold teeth to make ends meet in Greece

(Reuters) – A smartly dressed woman waits as a young man behind a glass screen weighs her gold earrings, bracelets and rings and counts out 1,600 euros. “I’ll see you again soon,” she… Continue reading →