Venezuela Is Shutting Down Read more

Venezuela Is Shutting Down

Ever wonder what it would be like if there was an economic collapse in this country?  Well we have a real life situation to refer to as Venezuela is Shutting Down.  It is now an example of what happens to a country while in it’s death throes.   CARACAS, Venezuela — The courts? Closed most […]

States Already In Recession Read more

Some States Already In Recession

Some States Already In Recession according to some economists. Dale Oxley doesn’t need to hear about rising odds of a U.S. recession to dread the future. For the West Virginia homebuilder, the downturn has already arrived. Energy-state slumps put economists on alert for wider decline In West Virginia, everyone needs to `tighten their belts’ Dale […]

Cubans retire to Florida with help from U.S. taxpayers Read more

Cubans retire to Florida with help from U.S. taxpayers

Source: Cubans retire to Florida with help from U.S. taxpayers More Cubans are coming to Florida in their golden years to retire, able to tap U.S. government assistance even though they never lived or worked here. The number of Cubans arriving over the age of 60 grew fivefold since 2010, according to state refugee data. […]

Cubans retire to Florida with help from U.S. taxpayers Read more

Major Money Manager Braces for Bond-Market Collapse

Source: Major Money Manager Braces for Bond-Market Collapse Major Money Manager Braces for Bond-Market Collapse TCW Group Inc. is taking the possibility of a bond-market selloff seriously. So seriously that the Los Angeles-based money manager, which oversees almost $140 billion of U.S. debt, has been accumulating more and more cash in its credit funds, with the […]

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Citi Economist Says It Might Be Time to Abolish Cash

Citi Economist Says It Might Be Time to Abolish Cash Would this save the world economy? by Lorcan Roche Kelly 10:03 AM CDT April 10, 2015 The world’s central banks have a problem. When economic conditions worsen, they react by reducing interest rates in order to stimulate the economy. But, as has happened across the […]

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Russia to join China-led development bank.

Russia to join China-led development bank. Moscow (AFP) – Russia is to sign up to the Chinese-led development bank AIIB, first deputy prime minister Igor Shuvalov said Saturday at an international forum in China, cited by Russian news agencies. "I’d like to inform you that Russian President Vladimir Putin has taken the decision that Russia […]