• 'Gold is pouring from weak hands to strong' 1. A sea change is coming. But what is it? I spent 4 hours on the phone last night with my trader "The Brain" discussing this and other gold-related issues. 2. When you make 30% a year for 10 years...
• Global sovereign debt to hit $49.5 trln-Moody's Global sovereign debt is expected to hit $49.5 trillion by year end, a 45 percent climb since 2007 as the credit crisis takes a toll, Moody's Investors Service said on Tuesday. The expected $15.3...
• Drug money saved banks in global crisis, claims UN advisor While banks were enduring a severe financial downturn, they absorbed billions of dollars in drugs money, says Antonio Maria Costa, head of the UN Office on Drugs and Crime. Costa told the Observer...
• It will happen and NO country will be spared: A default by the US means complete economic collapse around the world Joyce's Armageddon warningExcerpt:
Senator Joyce came under attack from several ministers, including Treasurer Wayne Swan, who said he had been elevated ''straight from the reactionary fringe of...
• Killer Debt: Dubai, Greece, Spain -- Now the Baltics? On December 8, Fitch Ratings announced that “Latvia and Lithuania’s ratings are under pressure from the sharp deterioration in public finances.” (Bloomberg) The same agency also...
• Charting The Great World Trade Collapse A new report by VoxEU provides some detailed perspectives on just how bad the collapse in world trade has been as a result of the last year's events. In a nutshell: the current Great...
• Country defaults is a new risk horizon for investors: Ambit Tell us how do you read into the implications of the Dubai debt scare? Was it clearly over-exaggerated on street or you feel it could have had an effect? No, I think well by and large, probably the...
• German politicians, media warn about the next global financial crisis (WSWS) -- Within Germany’s top political circles fear is growing of a second international financial crash exceeding in intensity and impact that of autumn 2008.
At the weekend, Chancellor...
• Société Générale tells clients how to prepare for potential 'global collapse' Related: World Oil Production Peaked in 2008Société Générale has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a...
• The most recent economic downturn is a peak oil recession As nations and corporations consider their energy strategies for the future, their beliefs about the sources of the current recession will prove critical in strategy formulation. Read more
• World Bank warns of more unemployment in 2010 (Press TV) -- The World Bank chief has predicted another tough year for the global economy, impending large-scale unemployment for wealthy nations. Robert Zoellick on Friday outlined a list of...
• The real New World Order..American hegemony in decline? McDonald's: 1,000 new restaurants around the World in 2010 McDonald's plans to open 1,000 new restaurants next year and renovate 2,300 existing locations.
At a meeting of company investors on Thursday, the fast-food giant said it would focus on opening new...
• Cheap food depends on cheap oil ‘GIVEN THAT food is as important to our well-being as health care and education," says Jennifer Scott, "it is curious that farmers are finding it so difficult to squeeze out a living from...
• We Can Expect More and More People to Want to Own Gold Meanwhile, gold hit a new record high yesterday. It's at 1,089. More on gold, below. The Dow went up too - 203 points yesterday. It's over 10,000 again. Not very impressive for a bear market bounce....
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