There is trouble again for federal mortgage backers and bailout queens Fannie Mae and Freddie Mac, whose failures helped to trigger the housing market collapse and subsequent 2008 economic crisis. The government enterprises are again turning their lowest profits since...
Recently, SHTF has pointed out the rise of China and their aim to become a major part of the new global reserve currency, and hence a major weight in the new global order. China’s renminbi is positioning for major global exchange; the BRICS development bank is...
Self-made billionaire and founder of Sprott, Inc. and Sprott Asset Management, Eric Sprott, gave a dire warning about the state of the system that makes clear the globe is hinged on little more than a little Dutch boy with his finger in the dyke. Obviously, with a...
The California drought has already been alarming enough not only for residents of the state – whose water supply was never secured, and has constantly been the source of heated controversy – but those across the country and globe who depend up on its agriculture for...
It looks like things are moving a lot faster than anyone could have imagined. Last week, reports circulated that China was positioning itself to become the world’s next reserve currency, and even putting up billboards advertising the global importance of the...
This article was graciously contributed by Michael Snyder via his Economic Collapse blog. Editor’s Note: Many have warned that a silent but ongoing global currency war is underway. Call it a reevaluation or shift if you like. The Euro is falling fast, in large...