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

Treasury 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

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 him. […]

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

The 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

ShareThis 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

Finally 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 […]

IMF urges authorities to consider debt forgiveness to restore growth

The International Monetary Fund (IMF) has urged governments to consider “bold” interventions to reduce household debt levels and stimulate growth. High levels of household debt restrain consumer spending and delay recoveries, the Bretton Woods institution concluded in an analysis of crises over the past century. While cutting interest rates and unemployment benefits help, the IMF […]

Ron Paul Still in the Race with Millions in Funding and Zero Debt

RT | ccording to the latest bulletin from the campaign headquarters of the Texas congressman, Ron Paul is still in the race and rolling in the bucks.              

Obama Executive Order: The Takeover of Municipalities Drowning in Debt!

The Intel Hub News Brief | On March 15th, the day before he signed the National Defense Resources Preparedness executive order, President Obama signed the executive order, “Establishing a White House Council on Strong Cities, Strong Communities.”              

How Goldman Sachs Helped Mask Greece’s Debt

Nick Dunbar, author of ’The Devil’s Derivatives’, reveals how the country turned to investment bank Goldman Sachs for help getting around the deficit rules. In his report for Newsnight, some of those who did the deal, talk publicly for the first time. Source: youtube.com Vampire Squid” Goldman Sachs confesses it is being investigated for helping […]

Christie’s New Jersey Tax Cut Imperiled by Increase in Debt, Pension Costs

New Jersey Governor Chris Christie will say next week how he’ll pay for the first phase of a 10 percent income-tax cut for the second-wealthiest U.S. state’s residents even as he deals with as much as $ 1.3 billion in higher costs for pensions and debt. Christie, a 49-year-old Republican who’s set to deliver his […]