Pin ItemailprintDo you have all your ducks in a row? You might want to double check this week, just to be sure. In this unedited interview with Ellis Martin, Jim Sinclair reveals an impending undeclared default of 5 major U.S. banks this week per the ISDA International Swaps and Derivatives Association, related to events in [...]
Continue reading " BREAKING: 5 Major U.S. Banks Could Default This Week (VIDEO) "
Don’t look now, but something dark is looking on the horizon. The internet finally put the kibosh on the Stop Online Piracy Act (SOPA) and the PROTECT IP Act (PIPA) last week. Now, along comes its bigger, meaner brother – ACTA! The Anti-Counterfeiting Trade Agreementis even worse than SOPA in that it can pretty much [...]
Standard & Poor‘s says it will likely downgrade Greece’s ratings to “selective default” when the country concludes its debt restructuring plan, but adds that this won’t necessarily destroy the credibility of the European Union. “It’s not a given that Greece’s default would have a domino effect in the euro zone,” John Chambers, the chairman of [...]
Continue reading " Greece Selective Default: Standard and Poor’s Says Downgrade Likely "
It’s long been threatened, and now it’s happened. The eurozone debt crisis took a drastic turn yesterday as Standard & Poor‘s downgraded France and Austria as well as seven other nations, including Italy and Spain. S&P gave 14 of 16 countries – including France, Italy, and Spain – a negative outlook, which it said meant [...]
Continue reading " Standard &Poor’s Downgrades 9 Eurozone Credit Ratings (VIDEO) "
The changeover is nearly complete in Italy, where economist Mario Monti has been nominated to replace Silvio Berlusconi as Italy’s prime minister. Berlusconi resigned from his post on Saturday as the country struggles with a financial crisis unparalleled in recent times. In announcing his nomination, Italian President Giorgio Napolitano said Monti is “gifted, competent, experienced,” and [...]
Continue reading " Mario Monti Nominated to Replace Berlusconi as Italy’s PM (VIDEO) "
Italian Premier Silvio Berlusconi said today that he would resign as soon as parliament passes economic reforms demanded by the European Union, capping a 20-year political career that has ended with Italy on the verge of being drawn into Europe’s widening debt crisis. Italian President Giorgio Napolitano met with Berlusconi for about an hour after the [...]
Continue reading " Silvio Berlusconi: Italian PM to Resign after Parliament OKs Reforms "
Greek Prime Minister George Papandreou today scrapped plans for a debt bailout referendum, averting a political and economic showdown with the European Union, and opened emergency talks with opposition leaders. Papandreou has been under pressure to step down after a split emerged in his government over the plans to hold a public vote on the [...]
Continue reading " Greek PM George Papandreou Scraps Referendum on Debt Plan (VIDEO) "
Apple has landed a direct hit in its battle with Samsung, as a German court granted a preliminary injunction against the Samsung Galaxy Tab 10.1 tablet. Th injunction, issued by the Regional Court of Dusseldorf, bans the sale and importation of the Samsung Galaxy Tab 10.1 throughout the European Union except for the Netherlands on [...]
Continue reading " Apple Blocks Sale of Samsung Galaxy Tab 10.1 in Europe "
Greek riot police have been called in to fend off hooded protestors near parliament after Greece’s lawmakers approved a critical austerity bill today necessary to keep the country from defaulting next month. With Greece teetering on the brink of bankruptcy, parliament is doing whatever it takes to avert the euro zone’s first default. The passinge [...]
Continue reading " Riots Break Out in Greece as Austerity Bill Passes (VIDEO) "
A man in Germany has figured out a way to get around that European Union ban on light bulbs of greater than 60 watts by creating his own brand of “mini heaters”. Siegfried Rotthaeuser and his brother-in-law have decided to import 75 and 100 watt light bulbs from China and sell them as “heatballs”. To [...]
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A ban on the selling of traditional incandescent light bulbs began across most of Europe on Tuesday as the continent tries to get people to save energy. Even those who advocate the decision think that the change could be problematic. Under the light bulb ban, stores won’t be able to buy or import incandescent glass [...]
