Tag Archive: Economic Collapse

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

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

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

Dollar seen losing global reserve status

The US dollar will lose its status as the global reserve currency over the next 25 years, according to a survey of central bank reserve managers who collectively control more than $8,000bn. More… Continue reading

European Banks Scrambling to Prevent Default by Greece

European banks and insurers are scrambling to prevent a default by Greece amid worries that Greece’s parliament won’t pass a much-needed austerity plan next week. The focus right now is on a voluntary… Continue reading

10 Signs That Wall Street Is About To Go Into Panic Mode

The following are 10 signs that Wall Street is about to go into panic mode…. #1 According to The New York Post, nearly all of the major Wall Street banks are planning huge… Continue reading

What are the chances the U.S. economy could eventually trigger violence in our country?

FROM CNN’s Jack Cafferty: For the first time maybe since the Vietnam War or certainly since the civil rights movement, there are some darkening storm clouds on the civility horizon. A growing number… Continue reading

CNN: 48% believe a Great Depression is coming within a year

Alternate headline: Great Depression worries go mainstream.  I guess we can count Barack Obama among the 51% who aren’t worried about it, since he’s not even worrying about a double-dip recession.  CNN’s latest… Continue reading

Empire in decline: Can the American dream stop the American nightmare?

June 6, 2011 – NEW YORK – America clocked up a record last week. The latest drop in house prices meant that the cost of real estate has fallen by 33% since the… Continue reading

Horror for US Economy as Data Falls off Cliff

The last month has been a horror show for the U.S. economy, with economic data falling off a cliff, according to Mike Riddell, a fund manager at M&G Investments in London. The last… Continue reading

40 Signs The Chinese Economy Is Beating The Living Daylights Out Of The U.S. Economy

#1 The Chinese economy has grown 7 times faster than the U.S. economy has over the past decade. #2 According to the IMF, China will pass the United States and will become the… Continue reading

Post-Mubarak Egypt ‘running out of food’

Egypt, struggling to consolidate a revolution that deposed President Hosni Mubarak in February, faces what could be even worse turmoil because the country is running out of food as well as the money… Continue reading

Satellite Images Reveal Shocking Amount of Home Foreclosures

We’ve all heard the horror stories about home foreclosures that have taken place in the US over the last couple of years. However, the following images sent to me in an email really… Continue reading

America Is Rapidly Bleeding Wealth And Jobs: 28 Statistics About The Gutting Of The U.S. Economy That Will Blow Your Mind

The following are 28 statistics about the gutting of the U.S. economy that will blow your mind…. #1 According to the U.S. Department of Commerce, the U.S. trade deficit for the month of… Continue reading

Zimbabwe on verge of having stronger currency than US Dollar

THE central bank says the country must consider adopting a gold-backed Zimbabwean dollar warning that the US greenback’s days as the world’s reserve currency are numbered. Government ditched the Zimbabwe dollar in 2009… Continue reading

America’s Middle Class Crisis: The Sobering Facts

Here are just some of the sobering facts: — There are 8.5 million people receiving unemployment insurance and over 40 million receiving food stamps. — At the current pace of job creation, the… Continue reading

Mexico, Russia, Thailand Add $6 Billion of Gold to Reserves

Mexico, Russia and Thailand added gold now valued at about $6 billion to their reserves in February and March as prices advanced to a record, the dollar weakened and Treasuries lost investors money.… Continue reading

Bachmann Dismisses Debt Ceiling Warnings

Rep. Michele Bachmann on Sunday disputed the claim that the country would go into default if Congress fails to raise the debt ceiling in the coming weeks. The Minnesota Republican has been one… Continue reading

US Reaches Debt Ceiling Tomorrow 3/30/11

Definition of Debt Ceiling: The maximum borrowing power of a governmental entity. Like clockwork, the Treasury placed $35 billion in 5 year bonds with the usual suspects. While the high yield was the… Continue reading

Is America About To Run Out Of Cash Next Week?

And so the US Treasury has hit the proverbial paycheck to paycheck sustenance level. After burning $12.8 billion (without a change in gross debt) in cash today alone, and $75 billion in the… Continue reading

Tsunami Reaches West Coast in the US Causing Millions in Damages

Oceanic waves caused by a major 8.9-magnitude earthquake in the northeast coast of Japan hit the western coast of the United States on Friday including California and Oregon. Associated Press reports that 6-8… Continue reading

People Of Earth: Prepare For Economic Disaster

It is not just the United States that is headed for an economic collapse.  The truth is that the entire world is heading for a massive economic meltdown and the people of earth… Continue reading

21 Signs Of Impending Doom For The 2011 Economy

If you are not aware of how rapidly the global economic situation is unraveling you need to snap out of it and start paying attention.  The world economy was relatively stable in 2010,… Continue reading