The Telegraph | 12 June 2015 Zimbabweans will start exchanging ‘quadrillions’ of local dollars for a few US dollars next week, as President Robert Mugabe’s government discards its virtually worthless national currency, the central bank said on Thursday. The southern African country started using foreign currencies like the US dollar and South African rand in…
Global Research | 2 June 2015 What is the current state of the economy around the world? Many analysts warn of yet another global economic crisis as well as the decline of the U.S. dollar. Some are suggesting that Russia and China are paving the way for a new gold-backed currency. Meanwhile Africa still falls…
12 May 2015 That didn’t take long did it? I of course am speaking of the second overnight and global meltdown of the credit markets …in the last four business days! Before getting into this topic which I believe will soon be seen in retrospect and by historians far into the future as “THE” trigger…
The Telegraph | 6 May 2015 Germany’s record trade surplus is a bigger threat to euro than Greece If EU law were properly enforced, Germany would face fines for endangering eurozone stability and breaching the Macroeconomic Imbalance Procedure for the fifth year in a row Germany’s current account surplus is out of control. The European…
Prof William I. Robinson | Global Research | April 21, 2015 The world capitalist system is arguably experiencing the worst crisis in its 500 year history. World capitalism has experienced a profound restructuring through globalisation over the past few decades and has been transformed in ways that make it fundamentally distinct from its earlier incarnations. Similarly,…
Infowars.com | March 28, 2015 Blood moons and eclipses are sensational, but have you heard about the ‘Super Shemitah’? Best-selling author Jonathan Cahn explains The Mystery of the Shemitah, the biblical pattern which indicates that a financial collapse may be coming in 2015. Does a mystery that is 3,500 years old hold the key to…
Washington’s Blog | 20 March 2015 Financial Experts: World War Looms … Unless We Stop It The Economist argues that there are ominous parallels between the conditions which led to the first world war and today: The United States is Britain, the superpower on the wane, unable to guarantee global security. Its main trading partner,…
Dispatches From The Edge | 23 Feb 2015 Myths are dangerous precisely because they rely more on cultural memory and prejudice than facts, and behind the current crisis between Greece and the European Union (EU) lays a fable that bears little relationship to why Athens and a number of other countries in the 28-member organization…
Counterpunch | 13-15 March “There are no nations…. no peoples…. no Russians.. no Arabs…no third worlds…no West. There is only one holistic system of systems, one vast and immane, interwoven, interacting, multi-variate, multi-national dominion of dollars. Petro-dollars, electro-dollars, multi-dollars, reichmarks, rins, rubles, pounds, and shekels. It is the international system of currency which determines the…
Michael Snyder | Economic Collapse | March 11, 2015 Are we on the verge of an unprecedented global currency crisis? On Tuesday, the euro briefly fell below $1.07 for the first time in almost a dozen years. And the U.S. dollar continues to surge against almost every other major global currency. The U.S. dollar index…