With an economic crash ...

An imposing sanctions against Russia would lead to crash of the U.S. financial system, while Moscow will annihilate its economic dependence on the U.S. warned the Kremlin. Director of the Kremlin said today that if the United States impose sanctions against Russia because Ukraine, Moscow...

The bankruptcy of Detro...

Federal court ruled Tuesday that the city of Detroit can be put into receivership to renegotiate the massive debt, amounting to 18 billion U.S. dollars, protected from the claims of creditors. Officials of Detroit, Michigan in the state, submitted a request to put the city into...

Subprime mortgages in U...

Thought it was possible for Western governments to learn a lesson after a historic drubbing that almost devastated entire continents? Well not quite. On the other hand when you blindly adhere to a doctrine that does not even require to be understood there are risks involved. Remember, for...

Debt for students in th...

Remember the question of American college debt of which we spoke long ago? In the United States this represents a huge problem, a real bomb set to explode sooner or later. Our sources report that in the first two months of 2013, unpaid student debt amounted to as much as 3 billion with an...

USA Detroit is bankrupt...

Some people are inspired by Chicago and there are those who follow Detroit (which probably is the consequence). In Michigan for many years considers this metropolis symbol of the global crisis! But why? Many believe that what happens in Detroit indicate a little the shape of things to...