Editor’s Note – What happens here in America when we go over the fiscal cliff? What happens here if the austerity measures are deep and the economy fails further? What happens when ‘Sequestration’ kicks in and hundreds of thousands get laid off? Are we heading for the scenes in the video below? 53 days until [...]
Editor’s Note – Here in America our focus has been on the Islamic uprisings, the murder of our diplomats in Benghazi, our current campaign season and the economy here to name but a few. However, things continue to deteriorate in Europe, especially in Spain and Greece. Rajoy inches toward aid as protests seethe By Julien Toyer and Fiona [...]
SUA Staff – Summer is here – and in many parts of America its already too hot. The trouble is, a different kind of heat is upon us as well. With Friday’s dismal job’s report, where unemployment went UP. Where GDP gains were walked back and the previous two months were adjusted, in the negative, [...]
Editor’s Note – To really understand the issues now confronting Europe, its union, and its economy, one must understand the constituent countries better. In the piece written by David Goldman below, he gives us a great start down that road. When we see the underpinnings of the problems, no wonder Angela Merkel of Germany wants [...]
Editor’s Note – After the G-8 Summit at Camp David, and the raucous week last, Monday should be very interesting as markets open for trading tonight. The Debt Ceiling, the Greek disaster, Spain following suit… “Lions and tigers and bears…oh my…” In a sort of VIP sleepover, G8 leaders bedded down in rustic cabins in rural Maryland, where the [...]
Editor’s Note – All over Europe, people are extremely nervous, Germany, Greece, France, Spain are all making moves; a confusing state of affairs across the board. UK Daily Mail Euro crisis: Run on nationalized Spanish bank sees customers withdraw €1 BILLION… Shares in Bankia, Spain’s fourth largest bank, fall 27% after media reports Greece forms government, but will [...]
Editor’s Note – Today we see a stark new reality sweeping across Greece. The election has shifted the entire nation and for the first time neo-Nazis (See videos below) have attained power. Today, reports (See below) are emerging that indicate its virtually over for Greece economically, nationally, and civilly. The people are emptying the banks of [...]
Editor’s Note – The negative economic and financial news from Europe just does not end. How is this going to end? China stops buying Euro debt, but is okayed to buy a US Bank: The United States on Wednesday opened its banking market to ICBC, China’s biggest bank, for the first time clearing a takeover of [...]
“Sunday in Europe: Voters in both France and Greece, two countries ruinously addicted to government entitlements” PJ Tattler by Zombie The now-infamous “Cloward-Piven Strategy” outlined by Richard Cloward and Frances Fox Piven in 1966 proposed a clear roadmap to socialism: get so many people addicted to government entitlements that the economic system collapses, and in [...]
Editor’s Note – Despite the weirdness of the news everyday coming from Europe over the Greece issue, the markets here did not seem to budge, they went up on what was BAD news. At one time, riots on that scale alone would have affected the markets negatively, let alone the dire nature of the Greek [...]
