Search Results for: refugee crisis

US and UK conducting war games for banking collapse

Money currency

Regulators from the United States and the United Kingdom will get together in a war room next week to see if they can cope with any possible fall-out when the next big bank topples over, the two countries said on Friday. Treasury Secretary Jack Lew and the UK’s Chancellor of …

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The greatest debt crisis the world has ever seen is coming

U.S. National Debt 2013

The largest mountain of debt in the history of the world just continues to grow even larger, and everyone knows that this colossal debt spiral is not going to end well.  But we all keep playing along because nobody wants the party to end.  Right now, there is an unprecedented …

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Cyprus banks to remain closed until Thursday

Bank of Cyprus

The Cypriot finance minister has ordered all the country’s banks to remain closed until Thursday, the country’s central bank announced. Just hours before the announcement late Monday, the central bank said all but two country’s largest banks would open on Tuesday morning. The postponement could be a sign that the …

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Steve Keen: “Can we avoid another financial crisis?”

Steve Keen Can we avoid another financial crisis

Economic theory is like a layer cake: Explanations within one layer make sense, but once you move to another layer, they no longer apply. Economist Steve Keen‘s new book “Can We Avoid Another Financial Crisis?” is an illustrative example. The good news is that Keen accurately describes the current economic …

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The next banking crisis is coming

By Filip Karinja Following the global financial crisis back in 2008 you’d think the banks had solved their issues and it is business as usual. However this is not the case, something big appears to be lurking in the shadows of the banking system that could make 2008 look like …

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Responding to The UK’s Mental Health Crisis

A series of reports from various government agencies over the last few years have begun explicitly referring to the situation regarding our nation’s mental health as ‘a crisis’ for the first time. Concerns about the quality of, and access to, mental health care has been an issue for some time, …

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Obama lie #847: ‘There is no debt crisis’

obama

The United States is roughly $17 trillion in debt, but President Barack Obama says there’s no reason to worry. Speaking with ABC News correspondent George Stephanopoulos this week, Pres. Obama downplayed concerns of an impending financial catastrophe, claiming quite to the contrary that the country is on track to turning …

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UN propaganda asset Angelina Jolie treks to Syrian refugee camp

CFR member, United Nations propaganda asset and “special envoy” Angelina Jolie has been sent to Jordan to bring attention to the squalid conditions at the Zaatari refugee. “UNHCR spokesman Ali Bebe says the Hollywood star arrived Monday and is to visit Jordan’s first tent city for Syrian refugees on Tuesday morning,” the …

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What happens after Brexit?

When it comes to “Plan B” Europe is funny: it never has one. The best example is, of course, Greece most notably from an April 2013 press conference, when Mario Draghi responded to a question from Zero Hedge readers about a worst case scenario for Greece. This was the exchange that …

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Worst economic problems of our lifetimes coming soon – Jim Rogers

Jim Rogers economic problems lifetimes coming soon

Renowned investor Jim Rogers has forecast the next financial crisis will be the worst in our lifetime where governments and countries could “disappear” and said people should start to “get very worried”. In a podcast interview with MacroVoices Erik Townsend, billionaire commodities investor Rogers (pictured) forecast firms disappearing, in the …

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Saudi airstrike on refugee camp kills 40 in Yemen

An air strike in Yemen by the Saudi-led coalition has killed at least 40 people and wounded about 200 at a camp for internal refugees, a human rights group has said. Of the injured, 25 were severely injured in the raids, a spokesman for the International Organisation for Migration (IOM) …

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UK banks won’t survive another recession

Bank of England London

Former Bank of England governor Mervyn King has warned that British banks are too weak to weather another financial crisis, adding that government officials haven’t “got to the heart” of what went wrong in 2008. Speaking to BBC Radio 4 on Monday, King criticised current measures being taken by the …

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BRICS dumping euro amid simmering EU banking crisis

euro-set-back-a-generation__-by-eu-banking-crisis.si

People withdraw money from Bank of Cyprus ATM’s while employees gather outside the bank’s headquarters in Athens. Brussels has been forced to eat a generous slice of humble pie: A massive sell-off of the euro is underway in the wake of a persistent financial crisis, as holdings in the European …

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New Zealand considers Cyprus-style banking failure solution

new zealand banks ANZ

New Zealand depositors could face a Cyprus-style tax on their bank accounts, as the government is planning to impose a similar strategy on its banks warns the country’s Green Party. New Zealand is facing a similar bank failure to Cyprus, is likely to adopt open bank resolution (OBR), which will …

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Greenspan: a crisis is imminent, urges a return to the gold standard

Greenspan brisis Brexit

On Friday afternoon, after the shocking Brexit referendum, while being interviewed by CNBC Alan Greenspan stunned his hosts when he said that things are about as bad as he has ever seen. “This is the worst period, I recall since I’ve been in public service. There’s nothing like it, including the crisis …

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