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As you might have noticed, the stock market is falling like a stone. As of 9 AM PST, the Dow Jones has dropped 172 points while all the other indices are down sharply. German 2-year debt (bund) has dipped below 0% this morning at auction, signalling an acceleration in the bank run taking place in southern Europe. Depositors in Spain, …
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The Countdown To The Break Up Of The Euro Has Officially Begun By Michael Snyder
The results of the elections in France and Greece have made it abundantly clear that there is a tremendous backlash against the austerity approach that Germany has been pushing. All over Europe, prominent politicians and incumbent political parties are being voted out. In fact, Nicolas Sarkozy has become the 11th leader of a European nation to be defeated in an …
Read More »So Long, US Dollar The Media Won’t Touch This Story About The End Of The US Dollar By Marin Katusa
There's a major shift under way, one the US mainstream media has left largely untouched even though it will send the United States into an economic maelstrom and dramatically reduce the country's importance in the world: the demise of the US dollar as the world's reserve currency. For decades the US dollar has been absolutely dominant in international trade, …
Read More »Economic Crisis Takes a Bite From Military Spending By Thalif Deen
UK is one of the countries that have either downsized their defence budgets or made marginal increases in a bid to cut budget deficits. Credit:US Navy/public domain UNITED NATIONS, Apr 17, 2012 (IPS) – The global economic crisis – which had its origins back in 2008 – has had a spreading negative impact on military spending worldwide, according to a …
Read More »Gerald Celente on the decline of Empire America
As the currency weakens many countries that use the dollar are searching for alternatives. China is expected to be the top world economy in a matter of years. To add insult to injury, the BRICS countries have decided to lose the dollar and use their own currencies. So what does this mean for the US dollar? According to many economists, …
Read More »Need for financial literacy for children By REEM M. ASAAD
A longtime advocate of proper financial education, I have called repeatedly for incorporating economics and financial literacy in school programs. There are a number of reasons why this is important. First, children are exposed to many more consumer choices than previous generations. Second, financial products and services are increasingly targeting the younger people and are therefore more appealing and user-friendly. …
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