European economy struggles under debt and staggering unemployment: EU unemployment at record while nations pile into massive levels of debt. Inflation censorship.
The European Union is the largest economy in the world combining the collective buying and selling power of multiple countries. If you’re biggest customer is having troubles, it is expected that the world would be concerned. Not so with the stock market. The EU is currently sitting at a high in respect to their unemployment […]
What European Recovery? Unemployment at record high and debt only keeps reaching more unsustainable levels. Italy’s Debt to GDP crosses 125 percent.
I never understood why so many people bought into the notion that the European Union was recovering. If recovery means that a handful of well-connected bankers are bailed out with financial smoke and mirrors instead of facing reality while placing crushing austerity on the public, then yes, maybe a recovery is what was experienced. As […]
Engaging debt spiral – Spillover to US market from record European Union Unemployment – US exports over $260 billion to Europe every year. Why is the EU crisis no longer in the US press?
It is hard to tell why the European Crisis fell out of favor in the US media. The EU is the largest economy in the world punching in over US$17 trillion a year in GDP. The idea that things have been saved is clearly not the case. Sticking your fingers deep in your ears is […]
European Union reaches highest unemployment rate since crisis started – Spain hits 25 percent unemployment rate for first time. The missing EU crisis headlines.
During the height of the US Great Depression, the unemployment rate stood at 25 percent. This was a devastating experience for our economy and shifted policies and geopolitics for decades to come. So when you have the European Union, the world’s largest trading bloc with two countries experiencing unemployment rates of 25 percent people should […]
The chicanery between the Fed and ECB – twin balance sheets near peak levels and many European nations back in recession. Methods of understating US unemployment rates.
The Fed and ECB (European Central Bank) have taken notes from the exact playbook in dealing with the global financial crisis. People tend to believe that these are somehow fully set government agencies but in reality, they are designed to protect their number one constituency group. The Fed and ECB have the primary mission of […]
The suffocation of unsustainable global debt – Total global debt is now over $190 trillion and more than three times global GDP. Contagion with European Union.
The biggest market in the world is the European Union and debt problems are still rippling through the global markets. It is apparent with the financial crisis that the global markets are tied together by large banks and interconnected trade. A problem in the largest market should be unsettling and the unemployment rate in the […]
The infection of massive global debt and the era of permanent bailouts – Global bankers on a mission to dilute currencies around the world. Ireland GDP equal to Louisiana GDP.
The problems plaguing Ireland are common and something very familiar with Americans. Irish banks got drunk on housing bubble beer and loans were made without any actual thoughtful analysis of whether the loans would be paid back. Now the European Union is stepping in with the IMF to bailout Ireland not because it has a […]