U.S. will hit debt ceiling on Monday, Treasury Secretary Geithner warns

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TweetYumTreasury Secretary Timothy F. Geithner said his department will take “extraordinary measures” to postpone a U.S. default for about two months while President Barack Obama and Congress work out a deficit-reduction deal. Geithner, in a letter to congressional leaders today, said the government will hit its statutory debt ceiling on Dec. 31. To avert a […]

Former Marine Arrested by FBI for Patriotic Facebook Posts

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TweetYum Update: Brandon Raub sentenced to 30 days in Psych ward (8/20/2012) This video was taken 8.16.12 around 7:30 pm. This is the video of a fellow patriot, Brandon J Raub, being “arrested” and taken away by Chesterfield County Virginia Police Department. They showed up inquiring his postings on facebook, and then they just took […]

Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse?

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TweetYumThe Economic Collapse Blog Something really strange appears to be happening.  All over the globe, governments and big banks are acting as if they are anticipating an imminent financial collapse.  Unfortunately, we are not privy to the quiet conversations that are taking place in corporate boardrooms and in the halls of power in places such […]

Markets Rally After 81bn-Pound Spain Bank Bailout

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TweetYumShareThis Markets Rally After £81bn Spain Bank Bailout 11 Jun 2012 Asian stocks and the euro rose sharply after Spain sought a lifeline for its ailing banks, easing fears that Europe’s debt crisis was about to spin out of control. The markets rallied after Spain asked finance ministers from the 17 euro-using countries to rescue […]

Iceland forces debt forgiveness

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TweetYumFinally serious economists are considering a position I have been maintaining and writing about since the 2008 financial meltdown. Whatever its name – erasure, repudiation, abolishment, cancellation, jubilee – debt forgiveness, will have to eventually emerge forefront in global efforts to solve an ongoing systemic financial crisis. The US Rothschild Controlled Media (RCM) has completely […]