By Michael Snyder
Could you live without debt? Most Americans say that they cannot. According to a brand new Pew survey, approximately 7 out of every 10 Americans believe that “debt is... [...]
(NaturalNews) Some last-minute deal-making to ensure that Greece's bailout debt is fully repaid is not likely to sit well with the Greek electorate.A week ago, voters in Greece overwhelmingly rejected a deal, rebuffing European leaders who were demanding new austerity measures... [...]
There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment. As you are about to see, there are 24 nations that are currently facing a full-blown debt crisis, and there are 14 more that are rapidly heading toward one. Right now, the debt to GDP ratio for the entire planet is up to an all-time record high of 286 percent, and globally there is approxim [...]
The “deal that was designed to fail” has already begun to unravel. The IMF, which was expected to provide a big chunk of the financing, has indicated that it may walk away from the deal unless Greece is granted extensive debt relief. This is something that the Germans and their allies have resolutely refused to do. Meanwhile, outrage is pouring in from all over Europe regarding what the Greek government is being forced to do to their own people. Most of this anger is being di [...]
Greece is saved? All over the planet, news headlines are boldly proclaiming that a “deal” has been reached which will give Greece the money that it needs and keep it in the eurozone. But as you will see below, this is not true at all. Yesterday, when I wrote that “there never was going to be any deal“, I was not exaggerating. This “deal” was not drafted with the intention of “saving Greece”. As I explained in my previous article, these nego [...]
The wait will soon be over. Greece submitted a final compromise plan to its eurozone creditors on Thursday, European finance ministers will meet on Saturday to discuss the proposal, and an emergency summit of all 28 EU nations on Sunday will make a final decision on what to do. The summit on Sunday is being billed as a “final deadline” and a “last chance” by EU officials. In essence, Greece is being given one more opportunity to embrace the austerity measures that a [...]
Did you hear the news? “Greece Says No to Further Austerity Measures!” Did you shake your head and say, “Wow, the nerve of those people refusing to cut their expenses in the face of all that debt”?
I’m no financial expert, but I don’t think that tightening up the budget was really what they were turning down.
I think that they were turning down the opportunity to continue under the tyrannical rule of the EU. They were breaking free.
What they were actually t [...]
The debt crisis in Puerto Rico could potentially cost financial institutions in the United States tens of billions of dollars in losses. This week, Puerto Rico Governor Alejandro Garcia Padilla publicly announced that Puerto Rico’s 73 billion dollar debt is “not payable,” and a special adviser that was recently appointed to help straighten out the island’s finances said that it is “insolvent” and will totally run out of cash very shortly. At this point, [...]
(NaturalNews) We have been tracking and reporting on the worsening economic situation in Greece now for more than a year, and it appears as though our earlier predictions – that the broke Mediterranean nation would eventually default on bailout loans it received in 2012, under... [...]
(NaturalNews) Debt talks to resolve Greece's ongoing financial crisis are going nowhere, and now the entire European Union is bracing for what it believes could be a financial emergency that will begin in Athens but potentially spread throughout the continent.As reported by Reuters... [...]
When it comes to geopolitics, there are often wheels working within wheels that are working within wheels. Once in a while we get a peek behind the scenes, but for the most part the machinations of the global elite remain shrouded in mystery most of the time. And sometimes the global elite appear to be doing things that, on the surface, do not seem to make much sense at all. What is going on in Europe is a perfect example of this. If everyone was negotiating honestly, I believe that a Gr [...]
By Mac SlavoThe housing market and the student loan bubble are not the only financial bombs set to go off.Pension liabilities swelled drastically over the decades since they were set up, as politicians conceded greater and greater benefits to workers, and passed off the burden onto taxpayers.Investing in risky stocks, and now derivatives, these pensions have become a millstone around the necks of dozens of socialized cities and states across the country – with locales like Detroit, New Jer [...]
(NaturalNews) The current leaders of Greece were not in power when the financially strapped nation was begging the International Monetary Fund and the European Central Bank for bailout funds a few years ago. However, for current leaders to now declare that such loans were somehow... [...]
Corporations, individuals and the federal government continue to rack up debt at a rate that is far faster than the overall rate of economic growth. We are literally drowning in red ink from sea to shining sea, and yet we just can’t help ourselves. Consumer credit has doubled since the year 2000. Student loan debt has doubled over the course of the past decade. Business debt has doubled since 2006. And of course the debt of the federal government has doubled since 2007. Anyone [...]
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? Today, the debt of the federal government exceeds $145,000 per household, and it is getting worse with each passing year. Many believe that if we paid it off a little bit at a time that we could eventually pay it all off, but as you will see below that isn’t going to work either. It has been projected that “mandatory” fed [...]
Did you know that there is more than $28,000 of debt for every man, woman and child on the entire planet? And since close to 3 billion of those people survive on less than 2 dollars a day, your share of that debt is going to be much larger than that. If we took everything that the global economy produced this year and everything that the global economy produced next year and used it to pay all of this debt, it still would not be enough. According to a recent report put out by the McKinsey [...]
Mac SlavoActivist PostWith all of that job creation being claimed by the Obama administration and disseminated by mainstream media outlets as signs of a sustained recovery you’d think most college graduates would have no trouble keeping up with their bills.But new data released by the Department of Education tell a different story.According to the report as many as 33% of American college grads with student loan debt are now in delinquent status on their repayments.About one-third of borrow [...]
(NaturalNews) Global debt has soared to dizzying levels since the "Great Recession," according to a new report from the McKinsey Global Institute. The study estimates that overall global debt since 2007 has increased by a staggering $57 trillion, outpacing world GDP growth and raising... [...]
(NaturalNews) The European nation of Greece is in deep financial trouble, and it doesn't look like its neighbors are going to open up their treasuries to bail it out this time around. More than that, what the country's new leadership is planning could eventually spell the end of the... [...]
We are living through a time that will go down in the history books as one of epic economic turmoil. Instead of three economic groups (Rich, Middle Class, and Poor) we are quickly dividing into two groups: richer and poorer. If you dutifully go to work and punch the clock, then come home and pay your bills, you’ll end up with little to show for it but indentured servitude to “the system.” If your kids go into debt to attend college, they will very likely come out unable to f [...]
Armstrong has been saying 2015.75 (end of September) since I found his works in 2009. I think that date has been on his radar long before 2009. [...]
This guy is really good Gnos.
Moved to source many years ago and lives over there in Uke and his latest is on Plane Truth.
The jews are fabricated identity, a cultural mafia inventing themselves to be chosen cattle masters. Laws and rules of their own that cant be questioned. Satan as the victim the con of the world with desciples lined up in the very article you link to.
They gave everyone a bible and then gave themselves holocaust religion, the forever victim entitled to a self defense where e [...]
from FinanceAndLiberty: [...]
I’ll sell you some droppings from the Golden Jackass… or perhaps “The Turd”. [...]
(NaturalNews) Think you're a good judge of what's "real?"Think again. Almost everything you believe, perceive, think or feel is an elaborate manipulation:SCIENCE is conducted via INTIMIDATIONMEDICINE is carried out via COERCIONKNOWLEDGE is destroyed via CENSORSHIPSUPPRESSION... [...]
@WillyT, Answer: CON-fidence, when the Con game is over – pssst…splat….pooof…pop! [...]
(NaturalNews) The small eastern European nation of Croatia has decided to let Christmas come early for its poorest citizens: Under a new initiative aimed at giving them a fresh start, the government is wiping out their debts, leaving some observers to relate the move to an ancient... [...]
Please stop posting this megalomaniacal, hypocritical fraud, SGT.