Most U.S. Cities and States Float in a Sea of Red Ink
Greg Hunter USA Watchdog Nearly every state in the Union and nearly every large city are facing ballooning budgets and shrinking tax revenue. (confiscation) Some, such…
Bailout
Domino’s Pizza Receives $12 Million Government Bailout While Experts Warn of Global Food Riots
image source Anthony Gucciardi Shatter Limits While food riots have begun emerging across the globe as a result of surging food prices, the United States…
Government Says No to Helping States and Main Street, While Continuing to Throw Trillions at the Giant Banks
Dees Illustration Washington’s Blog The Wall Street Journal noted last week: Federal Reserve Chairman Ben Bernanke on Friday ruled out a central bank bailout of…
The Fed Has Spoken: No Bailout for Main Street
Ellen H. Brown Web of Debt The Federal Reserve was set up by bankers for bankers, and it has served them well. Out of the…
Nearly 100 bailed-out banks may collapse all the same: analysis
More collapsing banks could mean more ‘too big to fail’ banks Dees Illustration Daniel Tencer — Raw Story The $700-billion bank bailout, launched in the…
The eurozone is in bad need of an undertaker
The EU’s Franco-German “Directoire” and the European Central Bank have between them ruled out all plausible solutions to the eurozone’s debt crisis. Reuters image Ambrose…
Spain OKs new austerity measures to calm markets
Austerity Protest June 2010 (AFP: Cristina Quicler) Ciaran Giles Associated Press MADRID – The Spanish government approved new austerity measures and a limited economic stimulus…
US Fed lent $3.3tn to multinationals, billionaires and foreign banks
US central bank releases details of thousands of secret loans to global firms as well as foreign banks and American billionaires Dominic Rushe Guardian The…
The Austerity Hammer Starts to Fall on United States as Debt Consumes Europe (VIDEO)
It’s the Bankers or the People – You have been Warned! Alex Jones and Aaron Dykes InfoWars Problem, Reaction, Solution: Derivatives, Crash, Too Big To…
US Ready to Back Bigger EU Stability Fund: Official
Reuters The United States would be ready to support the extension of the European Financial Stability Facility via an extra commitment of money from the…
The Stench of US Economic Decay Grows Stronger
image source Paul Craig Roberts VDARE On Thanksgiving eve the English language China Daily and People’s Daily Online reported that Russia and China have concluded…
Spain’s leader vows deficit reduction amid crisis
Harold Heckle Associated Press MADRID — Spain’s prime minister mounted a vigorous defense Saturday of his nation’s economy and finances, insisting his administration will forge…
Euro slides as Portugal bailout pressure builds
Portugal is under pressure to accept an EU bailout in order to stop the eurozone debt contagion spreading to Spain, according to German press reports…
Ireland Unveils Harshest Cuts, Tax Hikes In History
Attention: Looting in Progress Shawn Pogatchnik Associated Press DUBLIN — Ireland unveiled the harshest budget measures in its history Wednesday, a four-year plan to slash…