World

This tag is associated with 10 posts

The Richest And Poorest Countries In The World

By Jeff Desjardins, Visual Capitalist The world economy is complex, but today’s series of maps will allow you to simplify your understanding of the relative wealth of people around the globe. Global Finance Magazine recently collated data from the World Bank on Gross National Income (GNI) per capita for 204 countries. Each country was placed in one … Continue reading

Will The Discovery Of Huge Amounts Of Oil In Israel Lead To War In The Middle East?

By Michael Snyder Billions of barrels of oil have been discovered in Israel, and this discovery could essentially make Israel energy independent for many decades to come.  But there is just one problem.  This discovery was made in the Golan Heights.  If you are not familiar with the Golan Heights, it is an area that … Continue reading

The 2030 Agenda: This Month The UN Launches A Blueprint For A New World Order With The Help Of The Pope

By Michael Snyder Did you know that the UN is planning to launch a “new universal agenda” for humanity in September 2015?  That phrase does not come from me – it is actually right in the very first paragraph of the official document that every UN member nation will formally approve at a conference later … Continue reading

Barack Obama, Israel And Iran All Warn That World War 3 Could Be Coming To The Middle East

Will we soon see World War 3 erupt in the Middle East? By Michael Snyder Even though Barack Obama has made a “peace deal” with Iran, leaders in the region sure are talking a lot about war.  And of course this “deal” is on very shaky ground.  The Israelis hate it, a significant portion of … Continue reading

You Can Add Iraq And Ukraine To The List Of Economies That Are Collapsing

The list of nations around the globe that have collapsing economies just continues to grow. By Michael Snyder In recent weeks I have written about the ongoing saga in Greece, the stock market crash in China, the debt crisis in Puerto Rico and the economic meltdown in South America.  But there are more economic flashpoints … Continue reading

Greece: The Struggle For An Honourable Compromise Is Far From Over

“Greece’s economy will barely grow this month, and unemployment will be even higher than previously feared,” The Guardian reports. That’s according to new forecasts from the Organisation for Economic Co-operation and Development this morning. The OECD has adjusted its expectations downwards, given the events of recent months, The Guardian noted. Greece has the highest unemployment … Continue reading

Greece Likely To Default On June 5th: Liquidity Squeeze Keeps Pushing The Economy Deeper Into Recession

Greece may miss a deadline for a deal with creditors this week, as the parties haven’t made any progress in talks, Bloomberg sources close to the negotiations said, accelerating fears of an Athens default. Greece remains too far from striking a debt deal with its international creditors, unnamed sources who wished to remain anonymous told Bloomberg. … Continue reading

Greek Drama Continues: Athens Faces Debt Repayments To The IMF Of €1.5B Next Month

“Now is the moment that negotiations are coming to a head. Now is the moment of truth, on June 5,” Nikos Filis, spokesman for Syriza party’s lawmakers, told ANT1 TV channel yesterday. “If there is no deal by then that will address the current funding problem, they won’t get any money.” In an interview with British … Continue reading

Greece Says That It Will Default On June 5th, And Moody’s Warns Of A ‘Deposit Freeze’

The Greek government says that a “moment of truth” is coming on June 5th.  Either their lenders agree to give them more money by that date, or Greece will default on a 300 million euro loan payment to the IMF. By Michael Snyder Of course it won’t technically be a “default” according to IMF rules … Continue reading

The Debt To GDP Ratio For The Entire World: 286 Percent

Did you know that there is more than $28,000 of debt for every man, woman and child on the entire planet?  And since close to 3 billion of those people survive on less than 2 dollars a day, your share of that debt is going to be much larger than that.  If we took everything that … Continue reading

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