Socialism

Eurozone Crisis: A Disaster Waiting to Happen

Tuesday, July 28, 2015
By Paul Martin

SputnikNews.com 28.07.2015 The current crisis in the Eurozone, which has thrown Greece into disarray, was a disaster waiting to happen, according to many economists, one of whom told Sputnik the currency is inherently unstable. As talks over a third bailout for Greece begin Tuesday, many economists are watching with a sense of foreboding amid... »

4 Alarming Reasons America Could Be The Next Greece

Wednesday, July 15, 2015
By Paul Martin

by: Daniel Jennings OffTheGridNews.com July 15, 2015 The financial crisis in Greece should be a wakeup call for Americans, as there are some disturbing parallels between that European country and the US. If you haven’t heard, banks in Greece – closed off and on for several weeks now – are closed again until Thursday.... »

Canada is on the brink of a full-blown recession(Depression)

Monday, July 13, 2015
By Paul Martin

NORMAN MOGIL BusinessInsider.com Jul. 13, 2015 The Governor of the Bank of Canada (BOC), Stephen Poloz, was not kidding when he warned that the first quarter of 2015 would be “atrocious.” After a respectable fourth quarter in 2014, the Canadian economy took a turn for the worse: domestic demand fell by 1.7%, owing to... »

Greece Today, America Tomorrow?

Monday, July 13, 2015
By Paul Martin

By Ron Paul GoldSeek.com Monday, 13 July 2015 The drama over Greece’s financial crisis continues to dominate the headlines. As this column is being written, a deal may have been reached providing Greece with yet another bailout if the Greek government adopts new “austerity” measures. The deal will allow all sides to brag about... »

Economic hardships in Puerto Rico spur a mass exodus to U.S. mainland…“But with everything happening now, I decided it’s time to go. The system doesn’t work here.”

Tuesday, July 7, 2015
By Paul Martin

Many residents have decided it’s time to leave: The island’s population has declined by 400,000 since 2009. BY NANCY SAN MARTIN CentreDaily.com July 7, 2015 SAN JUAN — Yessenia Puente is disenchanted with the Isla del Encanto. She became a widow six years ago. Public schools don’t provide a safe environment for her three... »

Is Puerto Rico America’s Greece?

Monday, July 6, 2015
By Paul Martin

by Bob Adelmann TheNewAmerican.com Monday, 06 July 2015 After running deficits every year since 1973 and paying for them by borrowing, the U.S. commonwealth of Puerto Rico has finally run out of options. On June 28, the island’s Governor Garcia Padilla admitted that its $73 billion in “debt is not payable.… We will ... »

Saxobank CIO Explains Why The Greek ‘Problem’ Won’t Be Solved

Wednesday, June 24, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 06/24/2015 “Even if a deal between Greece and its creditors is struck, the problem isn’t solved,” warns Saxobank CIO Steen Jakobsen, which leaves the door open to a snap election being called shortly and a referendum on continued membership of the EU just weeks later. Debt refinancing will be the... »

Greece debt talks collapse and EU leaders prepare for state of emergency from runaway market panic

Wednesday, June 24, 2015
By Paul Martin

by: J. D. Heyes NaturalNews.com Wednesday, June 24, 2015 Debt talks to resolve Greece’s ongoing financial crisis are going nowhere, and now the entire European Union is bracing for what it believes could be a financial emergency that will begin in Athens but potentially spread throughout the continent. As reported by Reuters, Greek officials... »

Trade treaties, mega-corporations, and worldwide socialism

Monday, June 15, 2015
By Paul Martin

By Jon Rappoport ActivistPost.com Monday, June 15, 2015 “The ever-emerging popular image of socialism: a humane government colossus controls the means of production for the benefit of the people; and share-the-wealth at all levels of society comes alive. This is political theory for children in a condition of arrested development—for example, college students and... »

Venezuela: World’s Highest Inflation Rate…500%!!

Saturday, May 30, 2015
By Paul Martin

Steve H. Hanke HuffingtonPost.com 05/27/2015 Venezuela’s bolivar is collapsing. And as night follows day, Venezuela’s annual implied inflation rate is soaring. Last week, the annual inflation rate broke through the 500% level. It now stands at 510%. When inflation rates are elevated, standard economic theory and reliable empirical techniques allow us to produce accurate... »

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