25 Signs That The Financial World Is About To Hit The Big Red Panic Button

Most of the worst financial panics in history have happened in the fall.  Just recall what happened in 1929, 1987 and 2008.  Well, September 2011 is about to begin and there are all kinds of signs that the financial world is about to hit the big red panic button.  Wave after wave of bad economic […]

The Man Who Crashed the World

Very interesting article abvout who might have single-handedly crashed the financial system. Almost a year after A.I.G.’s collapse, despite a tidal wave of outrage, there still has been no clear explanation of what toppled the insurance giant. The author decides to ask the people involved—the silent, shell-shocked traders of the A.I.G. Financial Products unit—and finds […]

Unemployed and on the Verge of Losing Everything: “I Don’t Know How I’ll Make It”

As our mainstream media are finally beginning to get it that the worlds economy has a little problem the Americans are in full fledged aware panic, as they begin to understand that they have beenm lied to about just about everything including the actual unemployment numbers every month more than 600.000 people loose their jobs […]

Bank of England braced for third wave of financial crisis

Surprise £50bn cash injection is attempt to avert new phase of credit crunch. The Bank of England is concerned that the UK’s banking system is heading for a third wave of crisis that could snuff out fragile signs of recovery in the economy. On Thursday the Bank surprised the City by announcing that it would […]

Economic downturn ‘twice as bad as feared’

The economic downturn in Europe will be twice as deep as previously forecast with unemployment reaching over 11 per cent, according to figures from the European Commission. The EC’s analysts warned that the 16 euro-zone economies will shrink 4 per cent this year, a contraction that is double the level it estimated only four months […]

The next big turning point: this weekend?

27 February 2007 is not a date that stands out. It is not indelibly imprinted on the minds of millions; it does not carry the pain or notoriety of 9-11; unlike ‘Black Wednesday’, it has not been nicknamed Nor, like 31 August 1997, The Day Diana Died, did it send a nation into mourning. Yet […]

Foreclosures Soar in March, Up 44 Percent Over February’s High

Lenders End Moratoria, Opening Flood of Foreclosures; Re-Defaults and Job Losses Also Take Their Toll SACRAMENTO, Calif.–(BUSINESS WIRE)–Completed foreclosures hit another monthly record in March as 175,199 homes were lost to foreclosure, up 44 percent from February’s record high, according to the latest U.S. Foreclosure Index released today by ForeclosureS.com, a leading real estate information […]

USA has two options to save its economy: declare default or trigger off war

The United States is the largest borrower in the world. The US national debt has already exceeded the level of 11 trillion dollars as of the beginning of 2009 and continues to grow like an avalanche. Experts say that the USA has only two ways to solve the problem: to either declare default or trigger […]

Forecast: U.S. dollar could plunge 90 pct

RHINEBECK, N.Y., Nov. 19 (UPI) — A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said. “We are going to see economic times the likes of which no living person has seen,” Trends Research Institute […]

Farmers Mutual Finance to stop lending

This is bad. According to their website the are closed to both lending and investment and while the government guarantees will be extended to the existing investments and debenture holders will continue to receive payments the investment banking sector of the is closed and Farmers Mutual Group said ownership of a finance company was no […]

America’s Fiscal Collapse

America is the most indebted country on earth. The US (federal government) public debt is currently of the order of $14 trillion. This does not include mounting public debts at the state and municipal levels. “Strong economic medicine” with a “human face” “Promise amid peril.” The stated priorities of the Obama economic package are health, […]

Britain shivers through its coldest winter for 13 years… and another big freeze is on the way

It’s what we suspected as the deep freeze set in and the country was hit by heavy snow. Now forecasters have confirmed that Britain shivered through the coldest winter for more than a decade. The last three months have been the chilliest for 13 years, with an average temperature of only 37f (2.9c). A man […]

Iran threatened with economic meltdown

How convenient. First you collapse the economy than you bomb the shit out of them and then you steal their oil. it worked in Afghanistan and Iraq and it will work in Iran. The sharp downward spiral of oil prices has prompted economists to predict that Tehran is facing severe financial hardship within the space […]

The “Geithner Put”: It’s time to break up the big banks

“We will preserve the banking system that is owned and managed by the private sector” Treasury Secretary Timothy Geithner. Timothy Geithner is putting the finishing touches on a plan that will dump $1 trillion of toxic assets onto the US taxpayer.  The plan, which goes by the opaque moniker the “Public-Private Investment Fund” (PPIF), is […]

Analysts: New Era Of Chaos Has Taken Hold

Banking collapse has already happened; Crisis is worst ever; Financial system has effectively disintegrated; Mass social insurrection likely Steve Watson Infowars.net Monday, Feb 23rd, 2009 A wave of economists, investors and other financial experts issued a series of dire warnings concerning the global financial crisis over the weekend, stating that a new era of chaos […]

Weldon warns on job loss flow on

The chairman of the “let’s fleece the natives” committee has started the threats. “If you don’t give us the money you’ll be sorry”. Let me give it to you straight: Fisher & Paykel  are fucked. They did too little too late and they are to overextended and selling crap nobody can afford anymore. No amount […]

Japan’s economy ‘worst since end of WWII’

Japan is grappling with its worst economic crisis since the end of World War II, the nation’s economic and fiscal policy minister said Monday. A businessman walks past a homeless man taking a nap at a Tokyo park. The comments from Kaoru Yosano followed news of Japan’s gross domestic product falling 12.7 percent in the […]

Crisis raises risk of social unrest in Asia

SINGAPORE (AFP) — The global economic crisis heightens the potential for social unrest in Asia, where millions of people suddenly out of work will demand governments take swift and decisive action, analysts say. And while the prospect of regimes being overthrown is remote at the moment, they say, it will depend also on how long […]

Dwindling donations put squeeze on foodbanks

Hungry families are facing empty shelves in some foodbanks as social agencies are squeezed between rising need and dwindling donations. Foodbanks throughout the country are reporting a big jump in families seeking food parcels even before New Zealand faces many of the mass layoffs caused by the recession overseas. But some supermarkets are tightening up […]

Ed Balls: minister fears rise of fascism amid economic gloom

Previous 1 of 2 Images Next Ed Balls fears rise of fascism amid economic gloom Photo: Julian Simmonds Adolf Hitler takes the salute as thousands of policemen goose-step past his rostrum. Photo: GETTY Ed Balls, the Children’s and Schools Secretary, said the downturn was likely to be the most serious for 100 years, and his comments […]

It’s Not Going to Be OK

The daily bleeding of thousands of jobs will soon turn our economic crisis into a political crisis. The street protests, strikes and riots that have rattled France, Turkey, Greece, Ukraine, Russia, Latvia, Lithuania, Bulgaria and Iceland will descend on us. It is only a matter of time. And not much time. When things start to […]

China: Up to 26 million rural migrants now jobless

Just imagine 26 million without jobs. If these are the providers for families and we assume that all those families are a Chinese legal family of two parents and one child than we are talking more than 75 million people facing starvation. If these 26 million are parents and both ahve jobs we are still […]

U.S. Economy May Keep Sliding After Shrinking Most Since 1982

The problem with trying to warn people about the disaster pending is that when it happens you’re sort of at a loss of what to put on your blog. I mean now that every other blog worth their business is calling for and to the financial crisis denial it sort of gets boring, doesn’t it. […]

The American Economy is Not Coming Back

President Barack Obama and his economic team are being careful to couch all their talk about economic stimulus programs and bank bailout programs in warnings that the economic downturn is serious and that it will take considerable time to bounce back. I’m reminded of an experience I had with Chinese medicine when I was living […]