McDonald’s to Close 700 Stores
McDonald’s closed 350 stores in the first three months of 2015 and is planning to close an additional 350 by the end of the year
State Department Won’t Rule Out $50 Billion ‘Signing Bonus’ For Iran
The State Department on Monday would not rule out giving Iran up to $50 billion as a so-called “signing bonus” for agreeing to a nuclear deal later this year, according to comments made to journalists following reports that the Obama administration had formulated a plan to release tens of billions of frozen Iranian funds.
Ron Paul: Watch out. Dollar's in a 'huge bubble'
Despite rising stock prices and a falling unemployment rate, the United States is on the brink of a catastrophic "financial crisis," according to former U.S. presidential candidate Ron Paul. And the culprit could be the dollar
Ukraine’s Car-Production Plunges 96%; Many Banks Also Fail
On Tuesday April 7th, Ukravtoprome (the Ukrainian Association of Automobile Manufacturers) reported that, in the three-month period January-March 2015, as compared to the same three months of 2014, production of passenger cars plunged 96%, commercial vehicles 23%, buses 43%, for an overall decline of 92%.
The Federal Debt of US Is Worse Than You Think
Of all the failures of recent Congresses and Presidents, none is more important than their failure to deal with the nation's long-term debt. Although Congress tied itself in knots trying to address the problem, the growth of debt remains, in the words of the Congressional Budget Office, "unsustainable."
Proof: The World Is actively preparing to ditch the dollar
There is now mounting evidence and undeniable proof that the world is actively preparing for economic life after the death of the Dollar. Collapse of our current financial system is clearly coming. The question is, how bad will it get for those of us trapped in the United States, trapped holding only Dollars? "
This Could Sink Banks in Greece, Portugal, Spain, and Italy
Not that much has changed in Spain since the climax of the debt crisis during which its collapsing banks were bailed out. Some of them were recombined into a bank with a new name - Bankia - and sold to the public via an IPO that immediately sank into red ink and scandal. Spanish government debt sported yields that reflected the risks of owning it. At this time in 2012, six-month T-bills yielded over 3.2%.
Iceland considers stripping power to create currency from banks
Still reeling from the economic catastrophe that struck in 2008, Iceland and its Parliament are debating a plan that would dramatically restructure the tiny nation's monetary system by stripping commercial banks of the legal ability to create currency out of thin air - and handing that power exclusively to politicians and central bankers under what is being labelled a "sovereign money" system