Wake Up! 11 Facts That Show That Europe Is Heading Into An Economic Depression

Europe is not just heading into another recession.  The truth is that Europe is heading into a full-blown depression.  The economy of the EU is actually larger than the U.S. economy, and we are watching it melt down right in front of our eyes.  Things just continue to get worse in Europe, and yet somehow […]

Black Market for Body Parts Spreads Among the Poor in Europe

This will only get worse as Europe collapses and people start to starve. BELGRADE, Serbia — Pavle Mircov and his partner, Daniella, nervously scan their e-mail in-box every 15 minutes, desperate for economic salvation: a buyer willing to pay nearly $40,000 for one of their kidneys. Ervin Balo, a father of two with his wife, […]

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Nobel Peace Prize Loreate Kills Economy Off Peaceful Nation In An Act Of War!

  The EU has approved one of the toughest sets of sanctions yet on Iran’s nuclear program. It includes banning the import of Iranian natural gas into union nations. The sanctions also include a ban on financial transactions between European and Iranian banks, with some exceptions for those involving humanitarian aid, food and medicine purchases. […]

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ROFL, ROFL, ROFL…. Oh Shit It’s True; Europe Was Given The Nobel Peace Prize!

Update: Thank you Chris for pointing out the Price/Prize error. English is my second language and I know I make stupid mistakes sometimes! In what can only be described as a surreal choice the Norwegian Nobel Peace Prize was given to Europe. These days Europe only exist in the minds of a very small elite […]

The Largest Economy In The World Is Imploding Right In Front Of Our Eyes

While James Henderson over at the Standard is still trying to spin economic recovery in Europe let’s look at the reality of where most Europeans find themselves in: A devastating economic depression is rapidly spreading across the largest economy in the world.  Unemployment is skyrocketing, money is being pulled out of the banks at an […]

Iran gives Europe the finger and takes away the oil or how you don’t fuck with the Persians

If the sorry parade of European poodles – or what analyst Chris Floyd delightfully dubbed Europuppies – had any understanding of Persian culture, they would have known that blowback for their declaration of economic war in the form of an Iranian oil embargo would be nothing short of heavy metal. Better yet; death metal. The […]

Helga’s bar or how building a financial empire on broke alcoholics is not a good idea (unless you get bailed out by non-drinking middle class idjits)

Here is a dummies guide to what went wrong in Europe: Helga is the proprietor of a bar. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with a new marketing plan that allows her […]

Reprieve? Sanctions against Iran postponed for 6 months or the West blinked!

It may be a Pyrrhic Victory for Iran (only time will tell) but with the likely postponement of Sanctions against Iran for six months it seems it if finally dawning on European leaders that an all out attack on Iran would cause such upheaval in the global economy their citizens might wake up even more […]

Catching up on the first week of the new Year 1: Iran and Syria

These are some of the developments surrounding the pending attack on Iran. Thousands of US soldiers are deployed to Israel. This means they are not conducting exercises but are preparing to work together with Israeli soldiers in future war theatres i.e. Syria and Iran. A third explosion in as much as six weeks in one […]

Bankers have seized Europe: Goldman Sachs Has Taken Over

By Paul Graig Roberts On November 25, two days after a failed German government bond auction in which Germany was unable to sell 35% of its offerings of 10-year bonds, the German finance minister, Wolfgang Schaeuble said that Germany might retreat from its demands that the private banks that hold the troubled sovereign debt from […]

Morgan Stanley Says Europe’s Pandora’s Box Has Been Opened

Oh shit! Have a sinking suspicion that the way the Eurozone has handled the past week’s Greek threat has set the stage for the collapse of the Eurozone (here’s looking at you Italy, over and over) now that Merkozy has made the possibility of a country leaving the Eurozone all too real? You are not […]

Europe: Prison of Nations

Sarkozy’s ‘incoherence’ is a sign of the euro-impasse. Riots swept across Eastern Europe this winter. In Latvia 100 were arrested when they attacked the Finance Ministry with cobblestones from the quaintly restored tourist area protesting unemployment, budget and wage cuts. In Lithuania, riot police fired rubber-bullets and tear gas on a trade union march. A […]

Europe on the brink of currency crisis meltdown

By Ambrose Evans-Pritchard Last Updated: 10:52AM GMT 26 Oct 2008 Comments 69 | Comment on this article The financial crisis spreading like wildfire across the former Soviet bloc threatens to set off a second and more dangerous banking crisis in Western Europe, tipping the whole Continent into a fully-fledged economic slump. Currency pegs are being […]

Germany takes hot seat as Europe falls into the abyss

Star-crossed bankers: The European Central Bank played a shockingly destructive role Photo: REUTERS Investors will learn today whether the Paulson bail-out – fattened to $850bn (£480bn) by Congress – can begin to halt the death spiral in the credit system. So far, the response looks terrible. Germany is now in the hot seat. The collapse […]