The socialist Venezuelan government has seized a closed Kellogg’s factory and decided to make the perfect storm for failure out of their theft. The government has handed control of the factory over to the workers who will attempt to continue to produce...
The dollar’s collapse is nearing. The European Union is planning to switch its payments to the Euro for its oil purchases from Iran, eliminating United States dollar transactions. Just one more nail to the US dollar’s coffin. Its collapse is all but...
Michael Pento, a money manager and economist says it is no longer a matter of IF our economy tanks, but WHEN. And he says this time, we’ll be flung into a worldwide depression handed to us by the “hubris” of the central bankers. In an interview with...
The currency in the online role-playing game World of Warcraft is now worth more than Venezuela’s bolivar. File this one under: “Things that happen when socialists take over.” Although it’s probably not very funny for those who use money as...
The last recession in 2008 was spurred by excessive debt in the private sector, mostly in the housing market. But this time, it’ll be worst and much more difficult, as the problem will be caused by corporate debt, according to several leading investors. The...
The nation of Iran has dumped the United States dollar in favor of the European euro amid tensions with Washington. Tehran’s supreme leader has proclaimed that the “dollar has no place in our transactions today.” According to RT, The governor of...