Bitcoin is going to implode, repeating the fate of US energy and commodities giant Enron, Saudi billionaire investor Prince Alwaleed bin Talal said. “It just doesn’t make sense,” Alwaleed told CNBC’s Squawk Box program when asked about the prospects for Bitcoin. “This thing [Bitcoin] is not regulated, it’s not under control, it’s not under the supervision” of any central... 

The United States has now officially accumulated a $20 trillion debt. The ceiling was broken after the White House allowed the Treasury to borrow more money. As of Tuesday, the American national debt stood at $20.16 trillion, according to the US Debt Clock website. This is almost $62,000 per person and over $167,000 per tax payer. The debt number had been stagnant since March due to the debt ceiling,... 

The German government in 2016 provided €9.3 billion euros ($10.4 billion) to its sixteen states for assisting nonwhite invaders pretending to be refugees and a further €11 billion euros on welfare handouts in Third World countries in failed efforts to halt the flow. The figures are from a federal government report approved and published by Chancellor Angela Merkel’s cabinet on Wednesday. A... 

The Commonwealth of Puerto Rico is seeking the largest municipal bankruptcy filing in US history, after failed negotiations with creditors over its $70 billion debt crisis. That’s more than four times the debt Detroit collapsed under. On Wednesday, the Financial Oversight and Management Board for Puerto Rico announced they had moved to place the US territory into federal bankruptcy court, making... 

While shortages of basic foods, medicines, and toilet paper may be a major societal problem, the people of Venezuela face an even more existential problem: the nation now lacks the materials to meet the soaring demand for new passports – making it almost impossible to leave the socialist utopia. “People used to move to Venezuela from all over the Americas, Europe and Asia and now they are all... 

With two months left until the French election, analysts and political experts find themselves in a quandary: on one hand, political polls show that while National Front’s Marine Le Pen will likely win the first round, she is virtually assured a loss in the runoff round against either Fillon, or more recently Macron, having between 20 and 30% of the vote; on the other, all those same analysts and... 

Brexiteer professor Ted Malloch, who is likely to become the United States ambassador to the European Union, has predicted the looming failure of the single European currency. In an interview with the BBC, Malloch predicts the euro “could collapse” in the next 18 months. “I think it is a currency that is not only in demise but has a real problem and could in fact collapse in the... 

Gawker’s outgoing CEO Nick Denton announced on Thursday after fourteen years Gawker.com will shut down next week. Gawker reported: After nearly fourteen years of operation, Gawker.com will be shutting down next week. The decision to close Gawker comes days after Univision successfully bid $135 million for Gawker Media’s six other websites, and four months after the Silicon Valley billionaire Peter... 

The Western central bankers are conducting “the greatest experiment in monetary policy” history with consequences impossible to predict, Lord Rothschild writes, warning that the world is now in “uncharted waters.” Trouble is brewing for the global economy with the consequences impossible to predict, RIT Capital Partners Chairman Lord Rothschild warns in his semi-annual address... 

The country worst affected by the global financial crisis eight years ago has made a miraculous turnaround. Iceland saw an unexpected GDP surge of 4.2 percent in the first three months of the year. The growth is explained by a significant rise in tourism. Tourism has been steadily growing since the beginning of the decade, and is currently a larger source of revenue than exports of fish and aluminum.... 

Brexit campaigner and MEP Nigel Farage has announced he is stepping down as leader of UKIP as Britain is in crisis, a major political crisis which was never seen before. Just weeks after Brexit, first, UK’s Prime Minister David Cameron stepped down, Boris Johnson who was the presumptive next Prime Minister declared his unwillingness to take over the job, then all eyes were focused on Nigel... 

Following the British vote to leave the European Union, markets around the world slipped into free fall on Friday. Sterling fell to a low not seen since 1985, far below its value during the 2008 financial crisis. It lost parity against the dollar and the euro, but Mark Carney, Governor of the Bank of England and Chairman of the G20’s Financial Stability Board, said not to worry. The bank announced... 

Venezuela’s super-rich are enjoying lavish parties and gourmet cuisine, while middle-class people are forced to scavenge for food as the Socialist country’s economy collapses. What is astonishing is that these people are so brain washed that it doesn’t even cross their minds to plan a revolution to overthrow the socialist-communist government. For all of you Bernie morons out there,... 

For the second time in the space of ten years, the powerful Bilderberg group is plotting to trigger a financial collapse, with elitists already positioning themselves to profit from the next economic meltdown. As we reported back in 2006 during the Bilderberg Group’s meeting in Ottawa, Canada, leaked information from an American delegate revealed that insiders were preparing for the housing bubble... 

The White House doesn’t get “too disappointed” over the number of unemployed and underemployed Americans. “I’ve been reacting to jobs numbers here at the White House for more than seven years, and what is true today has been true in the past, which is, we don’t get too excited when jobs numbers are better than expected and we don’t get too disappointed when jobs numbers...