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Pentagon reveal financial terrorists may have triggered economic crash
Attack: The report concludes that state or terrorist organisations contributed to the collapse of the U.S. financial system through a series of targeted financial attacks.
Did China or Jihadists try to bankrupt America? Pentagon report reveals financial terrorists may have triggered economic crash.
Two mystery investors ‘were number one traders in all financial companies that collapsed or are...
US Will Be the World's Third Largest Economy
The world is going to become richer and richer as developing economies play catch up over the coming years, according to Willem Buiter, chief economist at Citigroup.
“We expect strong growth in the world economy until 2050, with average real GDP growth rates of 4.6 percent per annum until 2030 and 3.8 percent per annum between 2030 and 2050,” Buiter wrote in a market research.
“As...
Debt now equals total U.S. economy
President Obama‘s budget, released Monday, was conceived as a blueprint for future spending, but it also paints the bleakest picture yet of the current fiscal year, which is on track for a record federal deficit and will see the government’s overall debt surpass the size of the total U.S. economy.
Mr. Obama‘s budget projects that 2011 will see the biggest one-year debt jump in history, or nearly...
North Korea Importing Animal Feed for Human Consumption
North Korea is reportedly importing animal feed grain from China to distribute on the market for human consumption as the regime struggles with food shortages.
According to Radio Free Asia, Pyongyang gave the animal feed to its military as well as to merchants, bringing down the surging cost of rice.
A source in North Korea said the feed is commonly darker in color than normal rice and is often mixed...
Republicans grill Bernanke over inflation threat
Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, Wednesday, Feb. 9, 2011, before the House Budget Committee.
Members of Congress sharply questioned Federal Reserve Chairman Ben Bernanke Wednesday over whether the Fed’s policies are raising the risk of higher inflation in the months ahead.
House Budget Committee Chairman Paul Ryan, R-Wis., said he is concerned that...
South Korean President warns Nation must prepare for food crisis
South Korean President Lee Myung-Bak has called for new strategies to help secure a stable supply of food amid growing concerns about a global food crisis.
South Korean President Lee Myung-Bak called Monday for new strategies to help secure a stable supply of food amid growing concerns about a global food crisis.
“The likelihood of a global food crisis is rising due to climate change. We need...
New Superstorms Warned Have ‘Doomed’ World Food Production
A grim report prepared by Russia’s Agricultural Ministry for Prime Minister Putin warns that our world’s ability to feed itself in 2011 has been ‘doomed’ due the latest Superstorms that slammed into the United States and Australia this past week.
A Superstorm is an extremely large and powerful storm that forms when conditions of the atmosphere are right to support a storm of its magnitude....
Boom in immigration helped cause the economic crisis, says Cameron
Pointed: The Prime Minister said 'unsustainable levels of public spending and immigration' were among the problems inherited by the Coalition.
David Cameron today identified immigration as being partly responsible for the economic crisis gripping the country.
The Prime Minister said ‘unsustainable levels of public spending and immigration’ were among the problems inherited by the...
Over a million immigrants land U.S. jobs in 2008-10
A group of immigrant day laborers stand near a street corner waiting for work in the Staten Island borough of New York August 3, 2010.
Over the past two years, as U.S. unemployment remained near double-digit levels and the economy shed jobs in the wake of the financial crisis, over a million foreign-born arrivals to America found work, many illegally.
Those are among the findings of a review of U.S....
UK’s government debt reaches £1 trillion or £40k per household
Counting the cost: Britain's £1trillion National Debt means it will pay interest of nearly £120million a day - more than the government spends on defence.
Britain’s government debt smashed through £1 trillion ($1.59 trillion) for the first time yesterday – a staggering £40,000 per household.
Campaigners branded the milestone ‘terrifying’ and warned that taxpayers will have to foot the...
Global food chain stretched to the limit
Activists from India's main opposition Bharatiya Janata Party (BJP) women's wing shout slogans against the Congress-led government during a protest against an increase in milk, vegetables and food prices in New Delhi on April 1, 2010. The BJP activists protested against the price hikes of essential commodities. Food inflation is still at 17 percent according to official figures.
Strained by...
Obama Orders Military To Prepare For Spring Food Riots
A grim report prepared by France’s General Directorate for External Security (DGSE) obtained by Russia’s Foreign Intelligence Service (SVR) states that president’s Obama and Sarkozy have “agreed in principal” to create a joint US-European military force to deal exclusively with a Global uprising expected this spring as our World runs out of food.
According to this report, Sarkozy, as head...
Illinois faces 66% tax boost amid budget crisis
Reps. Dan Brady, right, R-Bloomington, and Roger Eddy, R-Hutsonville confer on the House floor during a session at the state Capitol in Springfield, Ill.
Illinois Gov. Pat Quinn defended a massive increase in state income taxes passed by lawmakers Wednesday and promised to quickly sign the measure to help heal the state’s ailing finances.
Lawmakers worked overnight to pass the increase to raise...
US unemployment rate stands at 21%
While the recent drop in the official unemployment rate is attributed to the fact that Americans have given up looking for jobs, a former Senate candidate says that the actual jobless rate stands at 21 percent.
“When you look at the overall joblessness picture, and the fact that the true unemployment rate in the United States, as Paul Craig Roberts has pointed out is actually somewhere around...
Soros: USA must stop resisting dollar decline, global currency and NWO
In the video you are about to see, George Soros talks about “the creation of a New World Order”, he discusses the need for a “managed decline” of the U.S. dollar and he talks at length of the global need for a true world currency. So just who is George Soros? Well, he is a billionaire “philanthropist” who came to be known as “the Man Who Broke the Bank of...