Is the stock market going to crash by the end of 2015? Of course stock market crashes are already happening in 23 different nations around the planet, but most Americans don’t really care about those markets. By Michael Snyder The truth is that what matters to people in this country is the health of their … Continue reading
You can stop waiting for a global financial crisis to happen. The truth is that one is happening right now. By Michael Snyder All over the world, stock markets are already crashing. Most of these stock market crashes are occurring in nations that are known as “emerging markets”. In recent years, developing countries in … Continue reading
Once upon a time, it was popular to say that the U.S. government only had enough wheat stored up to provide everyone in America with half a loaf of bread. But that is not true anymore. By Michael Snyder Recently, I discovered that the U.S. does not have any strategic grain reserves left at all. Zero. … Continue reading
Gerald Celente of the Trends Research Institute has just gone on the record with a prediction that there will be a stock market crash by the end of this calendar year. By Michael Snyder If you are not familiar with Gerald Celente, he is one of the most highly respected trends forecasters in the entire … Continue reading
The list of nations around the globe that have collapsing economies just continues to grow. By Michael Snyder In recent weeks I have written about the ongoing saga in Greece, the stock market crash in China, the debt crisis in Puerto Rico and the economic meltdown in South America. But there are more economic flashpoints … Continue reading
Most nations in South America are either already experiencing an economic recession or are right on the verge of one. In general, South American economies are very heavily dependent on exports, and right now they are being absolutely shredded by the twin blades of a commodity price collapse and a skyrocketing U.S. dollar. By Michael … Continue reading
Originally posted on Global News:
FRANKFURT – As things stand now, Greece can’t pay its debts. That’s what more and more people – including now the International Monetary Fund and even, it seems, Germany’s finance minister – are saying. So what to do? Greece’s creditors have indicated they could agree under certain conditions to ease the…
As press reports emerge that Yanis Varoufakis was encouraged to resign his post as Greek finance minister due to his statement saying a “parallel currency was an option,” bank reports paint a picture of pain ahead for Greece. But amid the fury a potential replacement for the often outspoken Greek finance leader could be emerging: … Continue reading
Originally posted on America's Markets:
An elderly woman waves the national Greek flag as she joins supporters of the Syriza party and of the ‘No’ vote campaign, gathering after results of the referendum in front of the Greek Parliament in Athens, Greece, 05 July 2015. Greek voters resoundingly rejected bailout terms in Sunday’s referendum.…
Originally posted on On Vietnam and the World:
Paul Krugman: “The truth is that Europe’s self-styled technocrats are like medieval doctors who insisted on bleeding their patients — and when their treatment made the patients sicker, demanded even more bleeding. A “yes” vote in Greece would have condemned the country to years more of suffering…