Pope Francis has launched a scathing attack on the global economic system, warning it is near collapse because of a ‘throwaway culture’ of greed and the ‘atrocity’ of youth unemployment. The Roman Catholic… Continue reading
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
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
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
Unnervingly, it is starting to look like the answer may be yes. Policymakers this week failed yet again to take decisive action on Greece’s debt crisis, rattling markets and prompting billionaire George Soros to… Continue reading
SAO PAULO (Reuters) – The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden European countries that they are “playing with fire” unless they take… Continue reading
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
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
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
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
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
As we prepare for the two-year anniversary of the March 9 lows for stock markets, investors are confronted with a number of worries that make it difficult to celebrate the near 100 percent… Continue reading
When Barack Obama, the Federal Reserve and the mainstream media tell us that we are in the middle of an economic recovery, is that supposed to be some kind of sick joke? According… Continue reading
It’s been nearly 80 years since the U.S. stopped using gold coins as legal currency, and nearly 40 since the world abandoned the gold standard, but the precious metal could be making a… Continue reading
The single most astonishing fact about foreign exchange is not the high volume of transactions, as incredible as that growth has been. Nor is it the volatility of currency rates, as wild as… Continue reading
Galatians 4:9 “But now, since you know God, or rather have become known by God, how can you turn back again to the weak and bankrupt elemental forces? Do you want to be… Continue reading
