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Warren Buffett: Derivatives Are Still Weapons Of Mass Destruction And ‘Are Likely To Cause Big Trouble’
After all these years, the most famous investor in the world still believes that derivatives are financial weapons of mass destruction. And you know what? He is exactly right. The next great global financial collapse that so many are warning about is nearly upon us, and when it arrives derivatives are going to play a … Continue reading
Will The US Economy Collapse Soon?
After a weak first quarter, America’s financials are bloated while the real economy is barely a step away from recession, however, the overall economy is closer to a lengthy stagnation rather than a full-blown demise. By Kristian Rouz, Sputnik News US economy has not fared well in 2015 thus far, staggering and almost nearing a halt … Continue reading
It Is Mathematically Impossible To Pay Off All Of Our Debt
Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt? By Michael Snyder Today, the debt of the federal government exceeds $145,000 per household, and it is getting worse with each passing year. Many believe … Continue reading
Greece Swears In Syriza Leader As Prime Minister
Alexis Tsipras has been sworn in as Greece’s prime minister after his antiausterity Syriza party won January 25 parliamentary polls. Earlier on January 26, Tsipras’s leftist party struck a deal with a right-wing populist party, the Independent Greeks, to form a government after Syriza fell just short of the majority needed to govern alone. The … Continue reading
Syriza’s Victory In Greece To Add Instability To European Economy – OpEd
By Ylli Përmeti SYRIZA’s victory can be attributed almost completely to the conditions created in Greece in the last five years or so, mainly by the Right-wing coalition in Greece. But, while the Right-wing coalition used ‘fear’ during these years, if not (trans) national terrorism,[1] upon the population, the “Left”-wing coalition of SYRIZA, created the … Continue reading
Radical Leftists Win Election In Greece – Future Of Eurozone In Serious Jeopardy – OpEd
By Michael Snyder Radical leftists have been catapulted to power in Greece, and that means that the European financial crisis has just entered a dangerous new phase. Syriza, which is actually an acronym for “Coalition of the Radical Left” in Greek, has 36 percent of the total vote with approximately 80 percent of the polling … Continue reading
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