Real Alternative. Real News.|Friday, October 31, 2014
You are here: Home » debt crisis

debt crisis

“Shock and Awe Economics”, Financial Warfare directed against the American People

Groups campaigning against Obamacare are funded by multibillionaires Charles and David Koch. Days before Obama and Congress struck the last-minute budget deal on October 16, the Koch brothers, seeing that their plan had gone wrong, “jumped off the train” and wrote an open letter to Congress, distancing themselves from accusations of a shutdown blackmail conspiracy. The Voice of Russia spoke with Professor Michel Chossudovsky, founder of the Centre for ...Read full article...

Global Poverty in the 20th Century Resembles Today’s Economic Depression

Introduction The onslaught of America’s war is occurring at the height of a global economic depression marked by the downfall of State institutions, mounting unemployment, the collapse in living standards in all major regions of the World, including Western Europe and North America and the outbreak of famines over large areas. This depression is far more serious than that of the 1930s. Moreover, the war has not only unleashed ...Read full article...

The Student Debt Bubble

By BRIAN KOENIG | THE NEW AMERICAN | MARCH 13 2012 As more and more young people graduate from college with mounds of unresolved loan debt, financial experts and bankruptcy attorneys are calling the progressively worsening dilemma the “next debt bomb.” According to a new survey conducted by the National Association of Consumer Bankruptcy Attorneys (NACBA), 81 percent of bankruptcy lawyers report that the number of prospective clients with student ...Read full article...

European Debt Crisis Becoming A Greater Problem

by Bob Chapman International Forecaster December 19, 2011 England at odds with Euro zone, The Fed has been covering the debt crisis in Europe up until now, nationalization coming for the banks, avoidance instead of facing the problems of debt, we have wars to keep the bankers going, rebellion within the EU, the financial treadmill runs ever faster for Greece, Gingrich plan to add another trillion to the US deficit, ...Read full article...

Merkel and Sarkozy in Talks to End Eurozone

Fears that Italy’s fall may drag the whole region down, prompted the ‘strongest’ economies to think about doing away with the current shape of the Eurozone. Guardian.co.uk November 10, 2011 Fears that Europe’s sovereign debt crisis was spiralling out of control have intensified as political chaos in Athens and Rome, and looming recession, created panic on world markets. Reports emerging from Brussels said that Germany and France had begun preliminary ...Read full article...

European Union’s Plot: One Single Treasury to Control it All

European Union chiefs are drawing up plans for a single “Treasury” to oversee tax and spending across the 17 eurozone nations. London Telegraph October 23, 2011 The proposal, put forward by Herman Van Rompuy, the European Council president, would be the clearest sign yet of a new “United States of Europe” — with Britain left on the sidelines. The plan comes as European governments desperately trying to save the ...Read full article...

Debt Deal: ”It’s like Curing a Drunk with Vodka”

By David Lawder Reuters August 1, 2011 The tentative deal to avoid a crushing debt default is at best a mild relief for the U.S. economy that nearly stalled in the first half of the year and has yet to show signs of any realistic pickup. The plan for $2.4 trillion in spending cuts over a decade, if backed by lawmakers, would help lift some of the uncertainty that ...Read full article...

The Debt Deal Meaning? It’s Meaningless

by Zeke Miller Business Insider August 1, 2011 The “historic, bipartisan compromise” reached to raise the debt limit does not end the struggle to reign in the federal deficit — in fact, it pushes the most difficult decisions off into the future. More surprising, the debt deal actually cuts almost nothing now–it just promises future cuts that may or may not materialize. There are very few specific cuts in ...Read full article...

Ron Paul Embarrasses Ben Bernanke as he says Gold is not Money

Forbes July 13, 2011 Chairman Ben Bernanke faced-off with Fed-hating Representative Ron Paul during his monetary policy report to Congress on Wednesday.  The head of the Fed was forced to respond to accusations of enriching already rich corporations while failing to help Main Street, while he was pushed on his views on gold.  “Gold isn’t money,” Bernanke said. (See video below). While most of Bernanke’s reports to Congress serve politicians to ...Read full article...

Eurozone Risks Fallout as Bankers try same old Ineffective Medicine

Breitbart May 31, 2011 The debt crisis in Greece, Ireland and Portugal could have “significant systemic effects” in the eurozone, Italy’s central bank chief Mario Draghi, who is set to head up the European Central Bank,said on Tuesday. “In the eurozone, the sovereign debt crisis in three countries, which together represent six percent of the area’s GDP, has the potential to exert significant systemic effects,” Draghi said at a ...Read full article...