Category : Debt crisis
The U.S. government's balance sheet is about to explode financially; interest costs and debt have broken new records.
India and Russia bypass US sanctions; euro stability threatened by Italian debt; Iran wants to veto Saudi and Russian oil production proposal.
Russian government turns away from US debt; Belarus and Russia abandon the dollar in their trade; U.S. will add $200 billion in additional taxes on chinese goods.
The coalition regime and the decisions of this new Italian government worry the markets and the European Union.
The risk of default is increasing in Asia and the powerful banks in America have to revised there default-rate forecasts.
U.S. dollar rally could be the origin of the next global debt implosion
Famous investor George Soros warns of the threat posed by the financial crisis in Europe.
As corporate debt reaches its highest level since the financial crisis, Moody's warns of substantial problems looming on the horizon for junk bonds during the next downturn hits.
Phil Lowe Governer of RBA has explained the debt risks faced by China, denouncing the fast piled up debt since 2009 and its opaque financial system.