The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up road
Today's TIC data confirmed what Zero Hedge readers have now known for quite some time: namely that foreigners are selling US paper
"If government wishes to see a depression ended as quickly as possible, and the economy returned to normal prosperity, what course should it adopt? The first and clearest injunction is: don’t interfere with the market’s adjustment process." Rothbard
Western class war rages
Supposedly the Dutch government had the bright idea to create a global "financial tribunal." But who gets up in the morning and decides that what the world needs is a better way to resolve disputes about derivatives and other artificial securitized i
Despite disappointing auction results in France, the downgrade hangovers (sell the rumor, buy the news?), and increasingly likely Greek PSI talk epic-fail, most European sovereigns are rallying modestly on the day
Time for the dominos to fall where they may: head of sovereign ratings at S&P Kraemer spoke on Bloomberg TV, and said the following:
One of the most phenomenal human beings I’ve ever met hails from Harare, Zimbabwe of all places. His name is Time. That’s seriously his name. When you ask him about it, he shrugs, grins, and says, “My mom felt that she was in labor for way too long.”
U.S. rating agency Standard & Poor's cut its credit rating of the euro zone's EFSF rescue fund on Monday, and Greece was under pressure to break a deadlock in debt swap talks if it is to avoid an unruly default. French Finance Minister Francois Ba
Greece’s creditor banks broke off talks after failing to agree with the government about how much money investors will lose by swapping their bonds, increasing the risk of the euro-area’s first sovereign default.
The European debt crisis has just gone to an entirely new level. Just when it seemed like things may be stabilizing somewhat, we get news of huge financial bombs being dropped all over Europe.
2012 is shaping up to be a very tough year for the global economy. All over the world there are signs that economic activity is significantly slowing down.
Standard & Poor’s downgraded the credit ratings of France and eight other European nations Friday, further weakening the region’s finances and potentially raising costs for governments at time when they already face a debt crisis. The downgrade ro
Eurozone governments are bracing for new debt-crisis turbulence after ratings agency Standard & Poor’s told them it would downgrade two of the eurozone’s six triple A nations.
Over the past few months, I have written several articles dealing with the coming cashless society and the developing technological control grid.
Youngsters are being dumped by their parents who are struggling to make ends meet in what is fast becoming the most tragic human consequence of the Euro crisis.
Protracted global crisis continues
Children are being abandoned on Greece's streets by their poverty-stricken families who cannot afford to look after them any more. Youngsters are being dumped by their parents who are struggling to make ends meet in what is fast becoming the most
Europe has a $1 trillion problem. As difficult as the last two years have been for Europe, 2012 could be even tougher. Each week, countries will need to sell billions of dollars of bonds — a staggering $1 trillion in total — to replace existing de
The euro is a dying currency. On Thursday, the EUR/USD fell below 1.28 for the first time since September 2010. In fact, as I write this the EUR/USD is sitting at 1.2791.
The "buy American stocks" trade is gaining backers by the day—including Goldman Sachs on Tuesday—as US economic indicators continue to show improvement and investors become less-focused on Europe. Time for the PERFECT Cheer
Alex Jones talks with Greg Hunter of USAwatchdog.com about the situation in the Persian Gulf as Iran and the West draw closer to all-out war.
Swiss National Bank Chairman Philipp Hildebrand resigned with immediate effect on Monday, saying he could not prove he had been unaware of a currency trade made by his wife and wanted to protect the integrity of the central bank. Hildebrand's deci
Blue-chip names like Johnson & Johnson (JNJ.N), Pfizer (PFE.N) and Peugeot (PEUP.PA) are among firms bailing out Europe's ailing banks in a reversal of the established roles of clients and lenders.
Venezuela will not recognize any decisions by the World Bank’s arbitration forum, President Hugo Chavez said Sunday, digging his heels in over a multibillion-dollar dispute with ExxonMobil.
The largest pension fund in the Netherlands has divested itself of all shares in Walmart as a result of the company’s anti-union position and poor labor standards.
A Romanian man has been arrested in a $1.5 million card-skimming operation that targeted 40 ATMs belonging to HSBC branches in New York.
2012 should see more trouble from Europe, and therefore potentially more dollar buying. This might even be the year we see a few members exit the euro.
Looking ahead to 2102, I see a continuation of the same themes, but a few new ideas as well.
There are all kinds of weird rumors happening right now in Europe: Troubles with Greece, French downgrades, mass Euro dumping by Wall Street. We're not sure what's real or not, but the euro is getting clobbered.