Tag archive for ‘collapse’
By Michael Walsh On Monday, November 28th, 2011

Don’t Panic, Don’t Panic Just Yet

Channel 4 TV was not irresponsible when it set out a ‘what if’ scenario should the collapse of the euro in an EU member state trigger a chain reaction leading to the currency’s collapse. Certainly it is speculative More...

By Michael Walsh On Wednesday, November 24th, 2010

The Thin Blue Line is Broken

Student and public demonstrations are nothing new but they achieve significance during periods of societal change. Ordinarily they are safety valves when public frustrations build up a head of steam. The protest More...

By Ana Nivtova On Monday, November 22nd, 2010

As Ireland Gets Rescued, All Eyes on Portugal and Spain, Who’s Next to Collapse?

As the Irish banks are due to be rescued with up to 100,000 million euros in bailout funds, economists, investors and financial experts are turning their eyes on Portugal and Spain, asking “Who’s next?” An More...

By Andrea Sono On Monday, November 22nd, 2010

Eric Cantona Calls for Run on the Banks

As Europe crumbles under an ever worsening debt crisis, activists are calling for a banking crash on the 7th December. Ex-footballer Eric Cantona has taken up the task to promote a revolution against the banking More...

By Karen Lapitan On Tuesday, July 27th, 2010

China: The US is Insolvent and Faces Bankruptcy

A recent article in the Financial Times quotes the head of China’s biggest credit rating agency has said that the US is insolvent and U.S. credit ratings are a joke. “The western rating agencies are politicised More...

By Ana Nivtova On Saturday, July 3rd, 2010

‘US facing Soviet-like disintegration’ says Iranian lawmaker

Reports from PressTV state that senior Iranian lawmaker Alaeddin Boroujerdi said that the “US is facing Soviet-like disintegration” warning the US of imminent collapse. “America’s conduct More...

By Michael Walsh On Thursday, June 24th, 2010

U.S. The Crossroads of History

America’s superpower status may be tested and found wanting if, urged on by Israel it opts for what it sees as a pre-emptive strike against Iran. The argument that the Persian nation will acquire a nuclear potential More...

By Michael Walsh On Saturday, May 15th, 2010
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Cash for Wall Street Crash

Thursday 6th May, the New York Stock Exchange plummets 1,000 points; a historical first. By the Monday it recovers and a further 400 points are added. Spikes in graphs don’t get any sharper. In four days $3.7 More...

By Ana Nivtova On Thursday, April 15th, 2010

Japan heading for ‘financial meltdown’ says analysts

Japan’s economy is heading towards financial meltdown, say analysts, who see that public debt in Japan is greater than that of any other industrialised nation. Public debt in Japan is heading towards 200 per More...

By Michael Walsh On Sunday, March 28th, 2010
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Detroit is Toast

You don’t believe me when I tell you that Detroit, one of America’s most iconic cities is a dying city? Will you believe me when I tell you that in Detroit a palatial home that sold for $250,000 as recently More...