debt crisis

  1. Four reasons why you shouldn't count gold out just yet!

    Four reasons why you shouldn't count gold out just yet!
    Remember gold? It seems like only six years ago the shiny metal was flavor of the month, hitting a record $1,900 a troy ounce while its backers prophesied the end of the fiat money system.  With bitcoin sucking up all the crazy in financial markets, gold looks to have lost its luster. The CBOE/Comex Gold Volatility Index, a rough proxy...
  2. Iran Should Go For Gold, Not A Currency Reform Illusion

    Iran Should Go For Gold, Not A Currency Reform Illusion
    Last December, the Iranian government of Hassan Rouhani passed a bill to change the name of Iran’s national currency from the rial to the toman. This would require a redenomination in which one zero was lopped off Iran’s unit of account, as 1 toman is equal to 10 rials. Without a change in the monetary and exchange rate regime, the...
  3. Degenerate Dutch Father Forces Family to Sell Everything So He Could Trade Cryptocurrencies

    Degenerate Dutch Father Forces Family to Sell Everything So He Could Trade Cryptocurrencies
    This is akin to a family of five selling their home, cars, and personal belongings, in order to finance Dad heading off to Vegas in order to play the fucking slot machines. What can go wrong, after all? Bitcoins only go higher. Source: CNBC Didi Taihuttu, his wife, three kids and their cat bet all they have on bitcoin. The...
  4. Here's Why Malaysians Can't Afford a House

    Here's Why Malaysians Can't Afford a House
    Malaysia’s central bank has a response to those saying it needs to do more to spur home loans: houses simply aren’t affordable. Bank Negara Malaysia has created a website packed with data aimed at debunking the “myth” that access to financing was deterring home ownership, showing that loan approvals for key cities are near 70 percent or higher. The central...
  5. Central Bankers 'Are' The Crisis

    Central Bankers 'Are' The Crisis
    If there’s one myth - and there are many - that we should invalidate in the cross-over world of politics and economics,it‘s that central banks have saved us from a financial crisis. It’s a carefully construed myth, but it’s as false as can be. Our central banks have caused our financial crises, not saved us from them. It really should -but doesn’t...
  6. Ron Paul Warns "Central Bankers Are Always Wrong...Especially Before A Bust"

    Ron Paul Warns "Central Bankers Are Always Wrong...Especially Before A Bust"
    The global dollar-based monetary system is in serious jeopardy, according to former Texas Congressman Ron Paul. And contrary to Fed Chairwoman Janet Yellen’s assurances that there won’t be another major crisis in our lifetime, the next economy-cratering fiat-currency crash could happen as soon as next month, Paul said during an interview with Josh Sigurdson of World Alternative media. Paul and Sigurdson...
  7. Janet Yellen Says A New Financial Crisis Probably Won’t Happen ‘In Our Lifetimes’ But The BIS Says One Could Soon Hit ‘With A Vengeance’

    Janet Yellen Says A New Financial Crisis Probably Won’t Happen ‘In Our Lifetimes’ But The BIS Says One Could Soon Hit ‘With A Vengeance’
    Federal Reserve Chair Janet Yellen is quite convinced that the United States will not experience another financial crisis for a very long time to come.  In fact, she is publicly saying that she does not believe that another one will happen “in our lifetimes”.  But there are other central bankers that see things very differently.  In fact, a new report...
  8. We're in A Boiling-Point Crisis of Exploitative Elites

    We're in A Boiling-Point Crisis of Exploitative Elites
    The "fixes" to the stagnation of postwar Capitalism in the 1970s were financialization, globalism, and the sustained expansion of debt--all have run out of steam. Many of us have written about cycles in the past decade: Kondratieff economic cycles, business/credit cycles, the Strauss–Howe generational theory (an existential national crisis arises every four generations, as described in their book The Fourth Turning), and long-wave cycles...
  9. The Incredible Cost of Going Broke

    The Incredible Cost of Going Broke
    Puerto Rico’s road to financial freedom is cripplingly expensive. Already, as Bloomberg News reported Monday, the island has spent as much as $154 million to financial consultants and lawyers as it grapples with its unpayable $74 billion of debt. And that was incurred mostly before it filed for a bankruptcy-like restructuring in May. SURGING DEBT And that bill is going to rise substantially. It’s easy...
  10. Goldman Faces Venezuela Probe, Protest After Bond Purchase

    Goldman Faces Venezuela Probe, Protest After Bond Purchase
    Goldman Sachs Group Inc. faces a probe by Venezuela’s opposition leaders after buying bonds issued in 2014 by the state oil company, a purchase some lawmakers said bolsters President Nicolas Maduro as he grapples with accusations of human-rights violations. The South American nation’s legislature vowed to launch an investigation into whether the investment by Goldman Sachs’s asset-management arm broke any laws...

Items 1 to 10 of 17 total

Page