Goldman is telling the public that everything is going to be just fine, but meanwhile they are advising their top clients to bet on a huge financial collapse. On August 16th, a 54 page report authored by Goldman strategist Alan Brazil was distribute
If the crisis continues to grow and the U.S. takes on a wider role, U.S. taxpayers could feel a bigger impact. The biggest exposure could come from America’s status as the single largest source of money for the International Monetary Fund.
China has called for major strategic concessions from Europe before agreeing to rescue the eurozone, chilling hopes for immediate purchases of Italian bonds.
Where now for European banks? Sir Howard Davies, former chairman of Britain's Financial Services Authority, thought the French government was only days away from having to recapitalise the country's banking system for a second time.
Three years ago today, my best friend called me and told me to turn on my television. I remember the way he described it– “Lehman is finished.”
I came across an interesting real estate deal the other day here in Manila. It was for a tiny, one bedroom condo of 45 square meters (just under 500 square feet).
The Greek government is prepared to lean on property owners as the nation faces default and anti-austerity demonstrations once again turn violent.
Asian stock markets fell sharply Monday, with sentiment soured by renewed anxiety about Europe’s debt problems and heavy Wall Street losses before the weekend. Japan’s Nikkei 225 stock average lost 2 percent at 8,562.47 as the index hit fresh six-
THE cost of Ireland leaving the euro could be as much as €45,000 per family in the first year, according to research report for clients of giant Swiss investment bank UBS.
The bitcoin, a virtual medium of exchange, could be a real alternative to government-issued money—but only if it survives hoarding by speculators.
Andrew Colquhoun, head of Asia-Pacific sovereign ratings at Fitch, told Reuters in an interview that China's local currency debt rating could be downgraded over the next 12 to 24 months.
Some of Richard Maybury's more popular books include "Whatever Happened to Penny Candy?" "Whatever Happened to Justice?" and "Evaluating Books: What Would Thomas Jefferson Think of This?" His current interest is "The Fall of the U.S. Empire."
A Greece bankruptcy would actually be a good thing because "it's time for people to acknowledge reality," well-known investor Jim Rogers told CNBC Friday.
An economic collapse in many ways is similar to the decline of an empire regarding how complex it is to prepare for it. Unlike defined disasters, natural ones like Katrina or man-made, there’s no clear beginning to it.
CNBC Video - Jim Rogers
There are some very ominous rumblings coming from the European continent this morning.
The financial crisis in Europe has become so severe that it has put the future of the euro, and indeed the future of the EU itself, in doubt. If the financial system in Europe collapses, it is going to plunge the entire globe into chaos.
Ackermann just gave a speech about the fragility of the Euro banking sector. In Frankfurt he said, "It is an open secret that numerous European banks would not survive having to revalue sovereign debt held on the banking book at market levels."
Swiss stocks rallied strongly Tuesday following the Swiss National Bank's intervention to set a cap on the franc's exchange rate against the euro.
Turmoil in Europe could quickly spread across the Atlantic because of the intertwined nature of the global financial system. “This crisis has the potential to be a lot worse than Lehman Brothers,” said George Soros
Warns Of Collapse Of Banking System And Civil War
Holy Red Screen, Batman! If you haven’t seen the news, the Swiss National Bank has just announced that it is putting a ceiling on the franc’s appreciation against the euro… effectively abandoning its economic sovereignty and putting its future in the
This kind of floor/peg has been speculated on in recent weeks, but this is still an unbelievable move that will require ongoing Franc printing by the SNB to work.
Did you ever wonder why countries allow private central banks to issue their money? Somehow, missing in the self-governing status of governments is the courage to deny the seduction or the threats of the global banking cabal, over the control of a na
Financial stocks are getting demolished today, primarily because of their exposure to the Eurozone debt crisis.
Asian stocks fell Tuesday, dragged down by sharp losses in European markets the day before as fears mounted of a worsening global economy. Oil slid to $84 a barrel amid expectations that continued weakness in developed economies will crimp demand
Israel’s Jerusalem Post newspaper recently published an article calling Israel “The New Golden Country” for young people from around the world. It reports that Israel boasts an ever-increasing GDP, a strong currency, and “a lower unemployment rate th
This article in the UK Telegraph takes a dim view of the "recovery" that the West is supposed to be enjoying. In fact, it cites a good deal of evidence to show the West's economic situation is about to get even worse.
But the roller coaster actually began on Tuesday, 8-2-11, the day after the last-minute deal to raise the U.S. debt ceiling -- a deal that was supposed to avoid the downgrade that happened anyway five days later. The Dow changed directions for eight
You’ve probably heard that old saying– ‘if you’re not a socialist by the time you’re 20, you have no heart. If you’re still one by the time you’re 30, you have no brain.’