Economics, money, trade, business and spending

The Care and Feeding of a Financial Black Hole

If the black hole does succeed in sucking in Greece, then which country is next? Will it be Italy, Spain or Portugal? And, as that process continues, at what point will enough people say that enough is enough?

7 Key Events That Are Going To Happen By The End Of September

We are about to see a remarkable confluence of economic, political and spiritual events coming together during the second half of 2015

Wave of contagion expected after dramatic weekend raises “Grexit” chances

The European Central Bank on Sunday capped the amount of emergency financing for Greek banks, which are expected to remain closed Monday and most of the week

Greek Film Shows Way Out of Debt Bind

Greek Film Shows Way Out of Debt Bind

An important reminder that Greece’s capitulation is neither necessary nor ethical

'It's time to hold physical cash,' says one of Britain's most senior fund managers

‘It’s time to hold physical cash,’ says one of Britain’s most senior fund managers

One of Britain’s most senior fund managers has warned that, in addition to gold and silver, investors should keep some ready cash to hand

A painter waits for customers in a square in central Athens. click to enlarge

Greek Central Bank Challenges Government on Bailout Talks

Greek central bank, at odds with government over its failure to reach agreement with international creditors, warn Greece could face financial catastrophe

Grexit beckons: Greece on brink of euro exit as it faces economic meltdown

Athens could be forced out by Germany after politicians warn ‘enough is enough’ as Greece lurches towards default on €1.5bn debt

‘You’re Fired – Now Train Your Much Cheaper Foreign Replacement’

How much damage has to be done before people will finally start waking up?

Iceland Recovering Fastest in Europe After Jailing Bankers Instead of Bailing them Out

Iceland is on track to become the first European country that suffered in the financial meltdown to “surpass its pre-crisis peak of economic output”

Iran’s economy poised for growth spurt with or without sanctions over nukes

“The Iranian economy will grow… It’s not going to depend on the lifting of sanctions. It will just grow and develop at a slower pace,” said a managing partner for an Austria-based consulting firm

Russian T-14 Armata tanks on Red Square during the May 9, 2015, Victory Day pardade

Russia steps up military modernization — but at what cost?

Putin’s $400 billion military modernisation program faces problems as Russia’s economy sinks under the weight of Western sanctions and falling oil prices

IMF quits Greek talks; EU tells Tsipras: stop gambling

International Monetary Fund representatives depart negotiations with Greece prompting dire warnings

Guess How Many Nations In The World Do Not Have A Central Bank?

Within two years of Western ‘intervention’ Afghanistan had its first national bank. The US invaded Iraq in 2003 and the following year it too had its first central bank. While Western ‘intervention’ also brought Libya its first central bank in 2011

A Recession Within A Recession

Despite announcements about a ‘recovery’ it’s now official: the U.S. economy contracted during the first quarter of 2015

Greece Says That It Will Default On June 5th, And Moody’s Warns Of A ‘Deposit Freeze’

Greece Says That It Will Default On June 5th, And Moody’s Warns Of A ‘Deposit Freeze’

We could actually see Cyprus-style wealth confiscation but on a mch bigger scale

Greece can’t make €1.6B IMF payment, refuses to budge on rescue aid terms

“This money will not be given … It does not exist,” Greek Interior Minister Nikos Voutsis commenting on the IMF repayment Sunday

Greece €400 Million Short For Wage And Pension Payments, Rushes To Pass Troika-Friendly Laws

Not only does Greece not have €1 billion in cash needed to pay the IMF, it also lacks €400 million for wages and pensions payments

Wealth of world’s billionaires doubles since 2009

This report dates back to 2013 but between then and 2009 the world richest got substantially richer

Grexit: Remaining In The Eurozone Is No Longer ‘The Base Case’ For Greece

We stand on the verge of the next great global economic crisis. The lessons that we should have learned from the last crisis were never learned, and instead global debt levels have exploded much higher

Can We Put Our Faith in Financial Markets?

Can We Put Our Faith in Financial Markets?

Henry Makow wonders: are the markets a mechanism to steal our souls as well as our money?