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Euro collapses to record four-year low
As the European economy suffers from heavy financial burdens and Germany moved to ban naked short-selling of shares, the Euro has collapsed to a new four-year low against the US dollar in international currency markets. The Euro collapsed by 1.7 per cent...
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 trillion has disappeared into a black hole....
Debt Burden Continues to Cripple the South
Between 1970 and 2002, the continent of Africa received some US$540bn in loans. However, a United Nations Conference on Trade and Development (UNCTAD) study, Debt Sustainability: Oasis or Mirage? revealed that despite repaying some US$550bn in principal...
The Future of the U.S. Dollar
March 10, 2010 – FutureOfDollar.com © INTRODUCTION The World is concerned that the dollar cannot play the role of the main reserve currency any longer after the financial crisis sparked by the collapse of the U.S. mortgage market led to the worst...
Is the EURO on the brink of collapse?
George Soros recently claimed the euro may not survive and be in danger of total collapse, given the sovereign risk threat from Greece and the growing debt burden of other member states. Soros declared that gold is a bubble at the World Economic Forum...
