Dr. Rasmus begins a four part series examining the role and function of central banks in the global capitalist system, and how that role evolved…
Bailout
The Credit Market Is Manipulated Giant American banks said they had to be bailed out or else the American economy would crash. It wasn’t just the…
"I went to Wall Street when I was a United States senator. I told them they were wrecking the economy. I asked for a moratorium…
In the heady and panicked months following the financial crash of 2008, the US government bailed out a handful of the United States' biggest financial…
Germany's approval of Greece's third bailout of €86 billion on Wednesday marked what critics of austerity warn is a new phase in the ongoing economic…
Earlier in August, Ukraine managed to avoid a technical default by paying off its $120 million eurobond coupon. The next payment, $500 million, is due to be made in September. "Creditors…
In a development spurring calls for a new "anti-bailout movement," the Greek Parliament early Friday approved a controversial €85 billion financial rescue package—the country's third…
Today on "This Can't Be Happening!" journalist Alfredo Lopez talks with colleague and host Dave Lindorff about two stories that intimately concern him. The first…
Debt: The Creation of A Global Crisis The forced, politically engineered bankruptcy of the City of Detroit has been an ongoing discussion on Leid Stories…
What do you call a country that has grown 4.6 per cent - in total - since it joined the euro 16 years ago? Well, probably…
A black swan is Wall Street lexicon for an unpredicted event. The author of that concept, Nassim Taleb, opines that most of the major moves…
News outlets are officially reporting that the 'No' side has won a decisive victory in Greece, rejecting a bailout offer from foreign creditors that would have imposed…