We were recently given the news that over 30 retail shops close every day – suggesting that the demise of the High Street is gaining momentum. Many reasons are put forward for this demise but the reason we see so many empty shops is really very simple – and the reason incidentally, I got out of retailing many years ago. That reason being Value Added Tax. VAT is an accountant’s tax and as such,... 

When global freight transportation collapsed to record lows in July of this year most analysts wrote it off as an anomaly. In September, when one of the largest retail shipping companies in the world warned of weakening global economic conditions and announced they would slash thousands of jobs, financial markets barely even noticed. Last week, Google, the largest small business advertising platform... 

The European currency euro logo stands in front of the European Central Bank (ECB) in Frankfurt, Germany. Business confidence has dropped in Germany to its lowest level in more than two years amid pessimism over the eurozone’s deteriorating debt crisis, data show. According to the German research institute, Ifo, the country’s Business Climate Index fell to 102.3 points in August from 103.2 points... 

Former money manager Ann Barnhardt, who in November of 2011 made the decision to cease operations of her brokerage firm and return funds to her customers citing “systemic” problems within the entire financial industry, has issued a new warning about the stability of US banks and the safety of individual deposit accounts. The warning, stemming from a recent federal appeals court ruling surrounding... 

The Chairman of the Thai-Iranian Business Council criticizes the US for leading a sanctions regime against Iran, saying it is harming ordinary financial enterprises in Thailand. Anirut Samutkochorn said not only would the Western sanctions against Tehran ultimately fail but they would also backfire, The Bangkok Post reported on Sunday. Anirut, who is involved in numerous businesses with Iran, demanded... 

Indian business delegation will visit Tehran in the end of February to boost oil imports from the Islamic Republic. India plans to send a business delegation to Iran to hold talks aimed at increasing the volume of Tehran’s oil exports to New Delhi, a report says. “We will need to lead a business delegation there, taking potential exporters across a range of sectors, and go out there and... 

The influx of migrants from former Soviet republics has long been out of control. It is understandable because the illegals receive “assistance” from employees of the involved agencies and ordinary citizens. The latter marry illegals without love, but with profit and no liability under the law. MPs have decided to shut down the marriage business. Each year the quota for migrant workers... 

'Well-known cloud over his head': Jailed financier Bernie Madoff. It has emerged that JPMorgan Chase were suspicious of his activities... but continued doing business with him anyway. A top Wall Street bank is said to have suspected Bernie Madoff was a crook more than 18 months before he was exposed as the world’s biggest swindler. But JPMorgan Chase executives continued to do business with... 

Death of US Economy (click on the image to enlarge) Spiraling debt is Uncle Sam’s shock collar, and its jolt may await like an invisible pet fence. “Nobody knows when you bump up against the limit, but you know when it happens it will really hurt,” said fiscal watchdog Maya MacGuineas of the Committee for a Responsible Federal Budget. The great uncertainty about how much debt is too... 

The President of the European Central Bank, Jean-Claude Trichet, told Forbes that global governance is extremely necessary if we want to prevent another financial crisis. In his prepared printed and spoken remarks to the Council on Foreign Relations, Trichet emphasized that politicians, economists, and financiers must work across the Atlantic and collaborate on methods to create an international set... 

Goldman Sachs came under fresh pressure this morning after it was revealed the Wall Street powerhouse faces a criminal investigation into mortgage security deals it arranged. The inquiry follows civil fraud charges filed by the government against Goldman two weeks ago. The U.S. attorney’s office in Manhattan opened the investigation following a criminal referral by America’s financial watchdog,... 

Investors are abandoning the euro at a rate not seen since the collapse of Lehman Brothers Holdings Inc. as Europe’s worsening fiscal crisis threatens to splinter the 16-nation currency union. Pension funds and banks sold euros this month at the fastest pace since the second half of 2008, when the currency tumbled more than 25 percent against the dollar between mid-July and the end of October, according... 

Hyperinflation Nation is a short documentary about the falling US economy. Hyperinflation Nation Part 1/3  Read More »