Countries everywhere are facing debt crises today, precipitated by the credit collapse of 2008.
The Muslim world, on the other hand, has struggled during this era of unprecedented global wealth creation. These countries have profited almost solely, by happy geological accident, from oil and gas extraction. Beyond these activities, economic acti
China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the
The central Spanish region of Castilla-La Mancha is “totally bankrupt”, according to the incoming administration of the rightwing Popular party (PP), an accusation that will deepen concerns about Spain’s budget deficit.
How is it that the world's fortunes hang on the life or death of a murderous thug that the US has been supporting for 30 years? And why, in fact, if Yemen's President Ali Abdullah Saleh is so important, isn't it common knowledge?
Company officials said they rate the Onca Puma plant as one of the largest ferronickel production plants in the world with annual nickel production set to exceed 53,000 tons. Once fully operational the plant will have an annual capacity to produce
The Wall Street Journal and the Heritage Foundation use 10 separate benchmarks to determine, in 183 countries, economic success. The 2011 Index of Economic Freedom is the latest chapter in this study that has been taking place since 1995. The ques
As it turns out, not all of the world’s wild things are in Max’s bedroom. Some of the wildest things of all are in the accounting ledgers of various national governments. Greek finances, for example, aren’t just wild; they’re scary too.
Most Americans are aware of some, but not all, of the striking similarities between Greece and the United States. To wit: Both countries have a national debt that can’t be paid off without resorting to theft and serfdom,...
Can a booming "crypto-currency" really compete with conventional cash?
BARCELONA – Viva la revolution! Spain’s youth are staging boisterous but peaceful protests across the country that many call the Iberian version of the popular revolutions sweeping the Arab world.
Pretty interesting commentary from Marc Faber in this Bloomberg video, considering he is usually a mega Asian bull.
Debt is slavery… or at least indentured servitude of the worst kind. That looming mortgage, the high interest credit card debt, the short-term car loan– these are the forces that keep people from breaking free and taking action.
One of the most interesting things going on here in Hong Kong at the moment is the gradual displacement of the US dollar, and even the local Hong Kong dollar, by the Chinese Yuan.
The destruction of a currency is, without doubt, positively devastating for a society. History is generous with examples dating all the way back to 212 BC when Rome first devalued its denarius silver coin by 50%. Recent examples are also plentiful.
Total world resource use has risen from about six billion tons in 1900 to 49 billion tons in 2000 and has already gone up to an estimated 59 billion tons now. Currently people in rich nations consume an average of 16 tons of minerals, ores, fossil
It may seem a radical idea at first thought, but passports are a relatively modern invention. Until about a century ago, entering one country didn't generally require official proof of citizenship or nationality in another one.
As I have pointed out, the lead candidate to replace Dominique Strauss-Kahn as head of the IMF, Christine Lagarde, is a total insider, hardline bankster. She will protect every pound of flesh owed to the banksters.
Celente says riots from Iran to Spain are the beginning of another world war, precipitated by food prices, unemployment and inequality. Last year he claimed that 2011 would bring "Off With Their Heads 2.0" and the prediction is going well so far.
Greece's prime minister called again for consensus at a meeting with the country's president on Wednesday, declining to comment on reports that his government is considering a referendum on more austerity measures.
King William privatized the Bank of England, established the City of London, and turned control of England's money over to an elite group of international bankers.
In 1918, the United States proved militarily decisive in the defeat of the Kaiser's Germany and emerged as first power on earth. World War II, ending in 1945, produced two truly victorious nations, the Soviet Union of Joseph Stalin and the America of
The laws of the United States do not apply inside its walls, and until earlier this month the I.M.F.’s own rules contained an unusual provision that some experts and former officials say has encouraged managers to pursue the women who work for them:
We, here at The Dollar Vigilante (TDV), have been big supporters of Hugo Salinas Price for years. Not just for his business exploits, which have made him a billionaire.
Dominique Strauss-Kahn placed on suicide watch following his arrest and detention on attempted rape charges.
The International Monetary Fund’s director, Dominique Strauss-Kahn, was arrested last Sunday in New York City on the allegation of an immigrant hotel maid that he attempted to rape her in his hotel room.
The price is right for foreign shoppers in the U.S. as the sagging dollar boosts their purchasing power on everything from jewelry to vitamins.
The fast-food restaurant, known for its golden arches, Big Mac burgers and Happy Meals, will replace cashiers with touch-screen terminals and swipe cards at its 7,000 chain restaurants in Europe, according to the Financial Times.
The head of the International Monetary Fund has been charged with sexual attack, attempted rape and unlawful imprisonment.
Yes. Zimbabwe, the same place that two years ago sported a brand new crisp $100 trillion bill. What is just as odd is that this news comes less than a week after Iran’s President Mahmoud Ahmadinejad criticized US economic policies