February 4, 2012 (TSR) – On January 27, the US Bureau of Economic Analysis announced its advance estimate that in the last quarter of 2011 the economy grew at an annual rate of 2.8% in real inflation-adjusted terms, an increase from the annual rate of growth in the third quarter. Good news, right? Wrong. If you [...]
Jan. 17, 2012 (TSR) - The European debt crisis has just gone to an entirely new level. Just when it seemed like things may be stabilizing somewhat, we get news of huge financial bombs being dropped all over Europe. Very shortly after U.S. financial markets closed on Friday, S&P announced credit downgrades for nine European nations. This included [...]
Jan 3, 2012 (TSR) - Conscious Media Network has been approached by a representative of global leaders and financiers from 130 nations to broadcast a statement about a new global economic restructuring arising in 2012. The statement will be delivered via a video-taped interview with a layperson on behalf of the consortium that has been working behind the scenes, [...]
Accra, Dec 27, 2011 (TSR) – The President of Ghana, John Evans Atta Mills, intends to pull Ghana out of the International Monetary Fund in a final bid to end moves by the Christine Largarde-led funding agency to suffocate the US$3 billion loan the NDC government wants from the China Development Bank (CDB). News of [...]
December 20, 2011 (TSR) - Whereas previously we had heard extensive horror stories about banks being told to prepare for the end of the world in case the European summit (the latest and greatest one from last Friday which was supposed to find a cure for cancer among other things) failed, and even went so far as to [...]
Nov 28, 2011 (TSR) – Last week, President Barack Obama was in Asia to declare a cold war with China. Hopefully the U.S.-China cold war won’t be like the one fought with the Soviet Union that brought the world to the brink of nuclear annihilation and cost trillions of dollars over 60 years. The crux of the conflict is [...]
Oct. 7, 2011 (TSR) – The Eurozone crisis continues to spiral out of control while hapless politicians fail to put together a credible resolution plan. The Franco-Belgian bank, Dexia, already bailed out when the US mortgage market crashed in late 2008, is in danger of becoming the first major European banking institution to fall since [...]
The Federal Reserve is actively preparing for the possibility that the United States could default as a deadline for raising the government’s $14.3 trillion borrowing limit looms, a top Fed policymaker said on Wednesday. Charles Plosser, president of the Philadelphia Federal Reserve Bank, said the U.S. central bank has for the past few months been working closely [...]
According to Congressional Budget Office (CBO) Report on Thursday, President Obama’s fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation’s economic output by 2020. US debt would top 101% of GDP [...]
Iceland is free. And it will remain so, so long as her people wish to remain autonomous of the foreign domination of her would-be masters — in this case, international bankers. On April 9, the fiercely independent people of island-nation defeated a referendum that would have bailed out the UK and the Netherlands who had [...]
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