It's been an odd few days for Greece's new PM Alexis Tsipras. From being lambasted by Jeroen Dijsselbloem, shunned by Angela Merkel's henchmen, holding hands with Jean-Claude Juncker, and losing a key funding channel from Mario Draghi; Tsipras' anti-austerity...
The International Monetary Fund has decided that on November 30th, 2015 they will attempt again to include the Yuan into the elite currency basket. The decision is not final, yet. However Christine Lagarde, the mouthpiece, stated that she supports...
As it becomes public knowledge that the IMF has followed the BIS with a warning to brace for a global "liqudity shock", it has become apparent that banks are already taking quick action. It was a liquidity shock in...
The tyranny is a foot, Obamalaw (Martial Law) will be implemented before or during the early hours of the 3rd world war. Obama has yet again proven he is a dictator in his latest power grab. However, not only...
The falling of an iconic company in the US, radio-shack is done. Thursday they filed chapter 11 and closed over half of their stores. NEW YORK (CNNMoney) — Nearly a century after it opened its first store and sent out...
Carnage... This leave China's CSI-300 broad stock index futures up just 7% year-to-date... *CHINA CSI 500 STOCK-INDEX FUTURES FALL BY MAXIMUM 10% LIMIT *CHINA CSI 500 STOCK-INDEX FUTURES FALL BY LIMIT FOR 2ND DAY *SHANGHAI COMPOSITE INDEX EXTENDS DROP TO 7.5% *SHANGHAI COMPOSITE...
The real banking system is behind the scenes and is in danger of collapsing such is the reason we are seeing such a decline in the economy as of late. Keep an eye on the shadow banking system – it...
WASHINGTON, Feb 2 (Reuters) - President Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programs to boost the middle class that are funded by higher taxes...
FRANKFURT, Germany (AP) — Greece wants a break from the terms of its eurozone bailout loans, saying they're suffocating its economy. Germany, the biggest backer of two bailouts worth 240 billion euros (currently $271 billion), says Athens must pay what...
Breaking news, another Government Shutdown is heading for the USA. Stay tuned for this fall when everything economically begins to change. According to the Chron website, a MSM source, the IMF will be announcing on October 20th 2015 that...
The first time the phrase Emergency Liquidity Assistance, or ELA, was used in the context of Greece was in August 2011, when Greece was imploding, when its banking sector was on (and past) the verge of collapse, and just...
So it begins. Greece is the start of the economic downturn, sending signals all across the board. With the world on the brink during the Greece crisis, and Puerto Rico a US version of the Greece crisis, then such...