The Federal Reserve still wants more interest rate hikes. Vice Chairman of The Fed, Richard Clarida, says more interest rate hikes are coming but he doesn’t know just how many times he’ll jack up the […]
Forget about tax policies and left-right politics with the coming era of Trump. The real trend for the direction of the economy is in the rapidly-accelerating transition to a cashless society. This vicious move by […]
Italian voters have embraced the global trend of rejecting the established world order, but the “no” vote on Sunday has plunged global financial markets into a state of utter chaos. The euro has already fallen […]
Do you remember when our politicians promised to do something about the “too big to fail” banks?
Liberal press claims that DNC will match the GOP platform in a call to restore Glass-Steagall.
Over the last two trading days, European banks have lost 23 percent of their value. Let that number sink it for a bit. In just a two day stretch, nearly a quarter of the value of all European banks has been wiped out.
Hope to ever get out of debt in your lifetime? Hope that these guys don’t find you first. They are the bounty hunters in the American wasteland debt collection.
Bail-outs, Bail-ins, the average consumer has trouble keeping these terms and their meanings straight. Both terms are relatively new on the American economic scene. Here is what these terms mean.
If there were ever a signal that large investment banks may be preparing for financial crisis and that they’ll be using your money to bail themselves out when it hits, this could be it.
Should central banks create money out of thin air and give it directly to governments and average citizens? If you can believe it, this is now under serious consideration. Since 2008, global central banks have cut interest rates 637 times, they have injected 12.3 trillion dollars into the global financial system through various quantitative easing programs, and we have seen an explosion of government debt unlike anything we have ever witnessed before.
We just got more evidence that a major economic slowdown is underway here in the United States. Existing home sales were down a whopping 7.1 percent during the month of February, and this represented the biggest decline that we have seen in six years. This is yet another sign that we are in the early stages of a new crisis that is eerily reminiscent of what happened back in 2008.
The Italian banking system is a “leaning tower” that truly could completely collapse at literally any moment. And as Italy’s banks begin to go down like dominoes, it is going to set off financial panic all over Europe unlike anything we have ever seen before. I wrote about the troubles in Italy back in January, but since that time the crisis has escalated.
Uh oh – here we go again. Do you remember the subprime mortgage meltdown during the last financial crisis?
The global economy, and in particular, the American economy is in such a state of free-fall, it is difficult to know where to start when describing the overall devastation. Here is a small cross-section of the devastation which will precede some very major political, social and military events which will not doubt accompany the the economic collapse which is well underway.
In part, this article is a case of breaking news which is really old news. In the video below, released on February 7, 2016, the whistle-blower of doom, says he’s a teller. Ray Charles could […]
As bad as the month of January was for the global economy, the truth is that the rest of 2016 promises to be much worse. Layoffs are increasing at a pace that we haven’t seen […]
Did you know that the top 1% has more wealth than the rest of the planet combined? And just 62 ultra-wealthy members of the elite have as much money as the poorest 3.5 billion people on […]
Last time around it was subprime mortgages, but this time it is oil that is playing a starring role in a global financial crisis. Since the start of 2015, 42 North American oil companies have filed […]
Did you know that 15 trillion dollars of global stock market wealth has been wiped out since last June? The worldwide financial crisis that began in the middle of last year is starting to spin wildly out […]
Thousands of reports have been coming in from across the country over the past several days of SNAP/EBT card payment systems not working for a large number of individuals and while ANP has been unable to confirm […]