Home » Financial Crisis


American Millennials 'Lose Hope in American Dream'

Post Pic
Startup culture and the “sharing economy” could be replacing the traditional American Dream of freedom of lifestyle choice and the ability to own a home, according to a new survey paralleling research conducted in 1986. Young white Americans have become as hopeless regarding the “American Dream” as their non-white counterparts, according to a poll conducted among US 18 to 34-year-olds,... 

Number of homeless rises in America to more than half a million, especially in New York

Post Pic
About 565,000 people were homeless in the United States, according to a one-night federal survey. While this is a two percent drop from 2014, major cities like New York, Seattle and Los Angeles continue to battle rising homelessness. The US Department of Housing and Urban Development’s 2015 Annual Homeless Assessment Report to Congress found that of the 565,000 homeless counted during a point-in-time... 

47 million Americans live in poverty right now

Post Pic
The middle class in America has been disappearing because of the rapid increase in the cost of living in the United States. Indeed, the cost of living in the United States (food, rent, medical insurance and so on) has been growing rapidly. On the federal level, the poverty threshold for a family of five makes up $28,410, although 51% of all American workers make less than $ 30,000 a year at the moment. In... 

US Leading World Towards Global Economic Crisis - Ron Paul

Post Pic
Dr. Ron Paul: “Unless this system is changed, America, and the world, will soon experience a major economic crisis. It is time to finally audit, then end, the Fed.” Dr. Ron Paul, the former congressman and US presidential candidate, says unless the United States shuts down the Federal Reserve System – the US central bank known as “the Fed” – the world will experience a major... 

US public debt 3 Times the size of officially declared - $65 Trillion

Post Pic
The real amount of the US public debt, with due regard to all unfunded liabilities of the country now stands at around 65 trillion dollars, instead of the publicly stated 18.5 trillion, The Hill reports with reference to the former head of the Accounting Chamber of the United States David Walker. According to him, the officially declared amount should take account of unsecured civilian and military... 

IMF Warns Saudi Arabia May Go Bankrupt by 2020

Post Pic
Saudi Arabia may go bankrupt within the next five years if the government maintains its current spending habits, the International Monetary Fund said in a report Wednesday. Saudi authorities are already planning spending cuts as the world’s biggest oil exporter seeks to cut its budget deficit created by the drop in crude prices. Saudi officials have repeatedly said that the kingdom’s economy... 

Global Trade Is Collapsing As The Worldwide Economic Recession Deepens

Post Pic
When the global economy is doing well, the amount of stuff that is imported and exported around the world goes up, and when the global economy is in recession, the amount of stuff that is imported and exported around the world goes down. It is just basic economics. Governments around the world have become very adept at manipulating other measures of economic activity such as GDP, but the trade numbers... 

Youth homelessness surging in UK

Post Pic
A new report suggests that youth homelessness in the UK is more than eight times higher than the official figures. A new report suggests that youth homelessness in the UK is more than eight times higher than the official figures. The report has been published by Centrepoint – the UK’s leading charity for homeless young people. It says some 136,000 young people aged between 16 and 24, sought... 

102.6 Million Working Age Americans Do Not Have A Job

Post Pic
The federal government uses very carefully manipulated numbers to cover up the crushing economic depression that is going on in this nation. For the month of September, the federal government told us that 142,000 jobs were added to the economy. If that was actually true, that would barely be enough to keep up with population growth. Sadly, the truth is that the real numbers were actually far worse... 

UK's National Health Service on brink of collapse

Post Pic
The UK’s former health minister, Norman Lamb. Britain’s former health minister warns the UK’s National Health Service (NHS) will crash, unless instant cash is injected into the healthcare system. Norman Lamb says the NHS will crash within two years with catastrophic consequences unless the government orders a multibillion pound cash injection. The stark warning comes amid mounting fears among... 

Brazil raises taxes and cuts spending as recession hits

Post Pic
The Brazilian government has announced plans for $7 billion in spending cuts and $8 billion in additional taxes aimed at plugging the hole in the country’s 2016 budget. The austerity package is designed to balance the harsh economic downturn of the seventh-largest economy, whose sovereign credit rating was cut to ‘junk’ status last week. The measures are going to freeze public sector salaries,... 

Wall Street Panics Over Global Recession Fears

Post Pic
Wall Street plunged Tuesday after investors feared weak data from China, the world’s second-largest economy, would lead to a global recession. China’s manufacturing sector suffered its quickest deterioration in over six years, leading to a three-year market low and other sectors of the Chinese economy also slowed down significantly. In response, all three major U.S. stock indices, the Dow Jones,... 

Fears Explode In Russia After Obama Orders Sudden 9/11 Type War Drill

Post Pic
A new Ministry of Defense (MoD) report circulating in the Kremlin today states that President Putin has “modified” his order yesterday permitting the Federation to attack Islamic State of Iraq and the Levant (ISIL/ISIS) forces in the Levant War Zone (Eastern Mediterranean) after the Obama regime late last night ordered an “unexpected and highly provocative” massive nuclear war drill all along... 

Blame the Fed, Not China for Market Crash - Ron Paul

Post Pic
Last week’s historic stock market crash was caused not by China, but by the US Federal Reserve, according to former US Congressman Ron Paul. In a column published on his website Sunday, Paul blamed the crash on flawed monetary policy from the Fed, and not on China’s recent currency devaluation, as many experts said. “The Federal Reserve’s inflationary policies distort the economy,... 

China Displacing Monopoly of US Dollar

Post Pic
China and Russia are changing the financial architecture of the world, award-winning author, sociologist and geopolitical analyst Mahdi Darius Nazemroaya emphasizes, recommending the Wall Street financial elite to focus on America’s domestic problems instead of trying to undermine China’s economy. The rise of the yuan sends shivers down the spine of America’s financial elite: fearing... 
Copyright © 2009 The European Union Times – Breaking News, Latest News. All rights reserved.