Economic Crash The situation of the United Kingdom in fiscal terms is in fact worse than the situation of Greece. That may come as a surprise to you, but if you look at the most recent paper on the subject published by the Bank for International Settlements, it is very clear. The trajectory of U.K. public debt over the next 30 years, absent a major change of policy, will take it to a mind-blowing 500%... 

Portuguese Finance Minister Fernando Teixeira speaks during a parliamentary debate on the govenment’s controversial stability and growth program. As Greece barreled closer to the edge of a debt default this week, fears that the crisis would infect other countries rattled the world’s financial markets. “It’s not a question of the danger of contagion,” Angel Gurria, the... 

Lloyd Blankfein As the U.S. housing turned downward in January 2007, a Goldman Sachs trader wrote in e-mails to a woman he apparently was courting that investments he had sold were “like Frankenstein turning against his own inventor.” “I’m trading a product which a month ago was worth $100 and today is only worth $93,” wrote Fabrice Tourre, who was charged along with the... 

Hope you can all believe in School districts around the country, forced to resort to drastic money-saving measures, are warning hundreds of thousands of teachers that their jobs may be eliminated in June. The districts have no choice, they say, because their usual sources of revenue — state money and local property taxes — have been hit hard by the recession. In addition, federal stimulus money... 

George Soros George Soros, the billionaire financier, says he thinks the euro and the European Union itself are at risk of breaking up if Germany refuses to play its traditional role and make concessions, Reuters reported, citing an interview conducted with Italian newspaper. “The Germans have always made the concessions needed to advance the European Union, when people were looking for a deal. Not... 

George Soros Railway porter-turned-billionaire Jewish financier George Soros delivered a stark warning last night that the financial world is on the wrong track and that we may be hurtling towards an even bigger boom and bust than in the credit crisis. The man who broke the Bank of England (and who is still able to earn a cool $3.3 bln in a year) said the same strategy of borrowing and spending that... 

Obama, Giving the sign of the Horns (Satanist salute) Initial reports prepared for Prime Minister Putin on US President Barack Obama’s extraordinary meeting with World leaders on the Global economic situation states that the Americans are now warning that a complete crash of the Global banking system is “all but inevitable” and “can’t be stopped”. According to these grim reports, Obama... 

Since 1973, Israel has cost the United States about $1.6 trillion. If divided by today’s population, that is more than $5,700 per person. This is an estimate by Thomas Stauffer, a consulting economist in Washington. For decades, his analyses of the Middle East scene have made him a frequent thorn in the side of the Israel lobby. For the first time in many years, Mr. Stauffer has tallied... 

Although America just met its worse Financial Crisis ever, their president wants to throw away $2.8 billion President Barack Obama is asking Congress for $2.8 billion in emergency funding for the reconstruction effort in Haiti following January’s devastating earthquake. The president’s request comes one week before a U.N. donors conference March 31 in New York. Haitian officials plan to... 

Pure Magic (Alan Greenspan & Ben Bernanke) Barbara Cargill says the Federal Reserve presided over a 95 percent decline in the U.S. dollar The dollar ain’t what it used to be, and State Board of Education member Barbara Cargill wants Texas students to know it. The board hammered out more than 300 proposed changes to the state’s social studies curriculum in its January and March meetings,... 

America, The Land of Opportunity? Not Anymore... Is America the “land of opportunity”? Not so much. A new report from the Organization for Economic Co-Operation and Development (OECD) finds that social mobility between generations is dramatically lower in the U.S. than in many other developed countries. So if you want your children to climb the socioeconomic ladder higher than you did,... 

Street clashes broke out between rioting youths and police in central Athens today as tens of thousands demonstrated during a nationwide strike against the cash-strapped government. Hundreds of masked and hooded youths punched and kicked motorcycle police, knocking several off their bikes, as police responded with volleys of tear gas and stun grenades. The violence spread after the end of the march... 

Who’s to blame for the current global financial crisis? According to a bestselling book in China, which is leading the sales charts in the country, the answer is clear: The Jews. In the eyes of most Chinese, Jewish people are considered “smart,” “rich” and “good at making money.” Bookstores in China offer a variety of self-help books titled, “How to... 

Jim Rogers Jim Rogers, Chairman of Rogers Holdings, has once again made a bold prediction and that is the British Pound could quite possibly collapse within the coming weeks. Jim Rogers, co-founder of the Quantum Fund and founder of the Rogers Commodities Index, was quoted in a recent press release that the United Kingdom Pound is on the brink of utter collapse, which could happen within the coming... 

Ohio Man Bulldozing His Own House Like many people, Terry Hoskins has had troubles with his bank. But his solution to foreclosure might be unique. Hoskins said he’s been in a struggle with RiverHills Bank over his Clermont County home for nearly a decade, a struggle that was coming to an end as the bank began foreclosure proceedings on his $350,000 home. “When I see I owe $160,000 on a...