Economics

Eurozone in CRISIS: Greece set to default AGAIN and Italy panics over £270BN of bad loans…(Euro Zombie)

Thursday, May 5, 2016
By Paul Martin

DEFIANT Greece has again turned down creditor demands, taking the country a step closer to another default crisis and subsequently crashing out of the eurozone. By LANA CLEMENTS Express.co.uk Thu, May 5, 2016 The Greek government is at loggerheads with the International Monetary Fund (IMF) over extra state savings to be made if Athens... »

Why I Think there Will Be a “Dollar Panic”…”Please remember this warning when you go to the ATM to get cash — and there is none.”

Thursday, May 5, 2016
By Paul Martin

The Great American Credit Collapse by Bill Bonner WolfStreet.com May 5, 2016 Please remember this warning when you go to the ATM to get cash — and there is none. While we were thinking about what was really going on with today’s strange new money system, a startling thought occurred to us. Our financial... »

Did The Fed Signal The Inevitability Of The Next Banking System Collapse? – Dave Kranzler

Thursday, May 5, 2016
By Paul Martin

TND Guest Contributor: Dave Kranzler TheNewsDoctors.com Wed, May 4th, 2016 Like a Mafia Don protecting his “family,” the Fed is implementing another layer of “protection” from collapse for the Too Big To Fail Banks. This latest deal will prevent bank counter-parties from pulling collateral from a collapsing bank. The installation of this law is... »

Surprise! Baltic Dry Index Plunges Most Since November As Commodity Bubble Bursts

Thursday, May 5, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/05/2016 Who could have seen this coming? Remember a week ago when TV entertainers crowed about the surge in The Baltic Dry Freight Index was a “clear signal” that ‘China is back’ baby and that escape velocity growth was just around the corner as global growth was destined to pick... »

Federal Spending Bill Appropriates Taxpayer Dollars To Be Used To Spread Pro-GMO Propaganda

Thursday, May 5, 2016
By Paul Martin

By Justin Gardner ActivistPost.com MAY 5, 2016 As more food companies are opting to go “GMO-free” in response to rising public awareness, Monsanto and the biotech industry can count on their friends in government to help counter the movement. A paragraph tucked into a new spending bill would give the green light for a... »

Incredible aerial shots show the sheer scale of Alberta wildfire set to become costliest Canadian natural disaster ever with $1.6BILLION-worth of damage

Thursday, May 5, 2016
By Paul Martin

The fire, which entered its fourth day on Wednesday, prompted the evacuation of Fort McMurray’s 88,000 residents Alberta declared a state of emergency with Premier Rachel Notley saying the destruction of buildings is ‘significant’ According to authorities, 1,600 buildings have already been destroyed and another 19,000 are under threat Analysts and industry sources say... »

The World Now Faces Two Horrific Nightmares

Thursday, May 5, 2016
By Paul Martin

KingWorldNews.com May 05, 2016 With gold, silver and the dollar all trading higher, a couple of greats in the business warned about two horrific nightmares that the world now faces. Bill Gross Warns Robotization Of The World To Create Massive Job Losses Here is a portion of today’s note from Art Cashin: And He... »

Monetary Liquifaction, Gold and The Time Of The Vulture…(Must Read!)

Thursday, May 5, 2016
By Paul Martin

Darryl Robert Schoon GoldSeek.com Thursday, 5 May 2016 In January 2016, the crisis entered its final stage. The time of the vulture is here, when the vulture feeds on the blind ignorance and denial of the ostrich. A better world will follow. Buy gold, buy silver, have faith. The Rest…HERE Share on Facebook »

Is a Cash Ban and Carry Tax Coming to the US?

Thursday, May 5, 2016
By Paul Martin

By: Graham Summers GoldSeek.com Thursday, 5 May 2016 Europe has banned the use of €500 bills. The reason? They claim these bills are used in money laundering and for drugs. And if you believe that is the concern, you probably believe the earth is flat. The fact of the matter is that Europe is... »

In Latest Blow To Hedge Funds, Largest US Life Insurer Is Redeeming Most Of Its Investments

Thursday, May 5, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/05/2016 Moments ago we the latest confirmation that the hedge fund business model is indeed suffering through an existential battle when MetLife Inc., the largest U.S. life insurer, said was seeking to exit most of its hedge-fund portfolio after a slump in the investments. According to Bloomberg, the insurer is... »

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