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DEBT

Irish MEP to incoming European Commission president - "We want our money back"

The MEP Luke "Ming" Flanagan stated that Ireland paid €67 billion, which amounts to 42% of the European bank bailout for 1% of the European population. He went on to say that Ireland wants that money back.

"I actually love Europe, but I despite the EU," said to gasps from others in the chamber.

We want our money back Mr Juncker.

Indebted Austrian pensioner robs bank to 'pay his debts'

A 63-year-old Graz man wearing a mask carried out an armed bank robbery on Wednesday. When captured, he explained his motive was to 'pay his debts.'

Buying Up the Planet: Out-of-control Central Banks on a Corporate Buying Spree

Whatever power plays are going on behind the scenes, it is increasingly clear that they are not serving we-the-people. The global central banking scheme is systemically flawed and needs to be radically overhauled.

Total US debt soars to $60 trillion

The government, businesses and people in the United States were $59.4 trillion in debt at the end of the first quarter of 2014, according to the latest economic data from the St. Louis Federal Reserve.

'No more mollycoddling!' Moscow calls out Ukraine's gas debt denial

From today onwards Kiev is going to have to pay for its gas in advance. Russia's Prime Minister says Ukraine will only be supplied with whatever it's already paid for. Kiev has failed to settle its fuel bill on time for more than a year - and is currently billions in debt.

'No more mollycoddling!' Moscow calls out Ukraine's gas debt denial

Ukraine Can Use EU Aid to Pay Off Russian Gas Debt – European Commission

Ukraine will be able to use the EU’s financial assistance to pay off its debt for Russian gas, a spokesman for the European Commission on economic and monetary affairs said Tuesday.

Only Greece tops Italy for debt: EU

The Italian government's debt-to-GDP ratio hit 132.6 percent in 2013, the second-highest in the EU after Greece, figures released on Wednesday showed.

Greece returns to bond markets, says end of bailout nears

Two years after nearly crashing out of the euro zone, Greece returned to the bond market on Thursday with investors hungry for high returns scooping up its debt in a €3bn deal that could mark the beginning of the end of its bailout.

Regime Change in Ukraine and the IMF’s Bitter "Economic Medicine"

In the days following the Ukraine coup d’Etat of February 23, leading to the ousting of a duly elected president, Wall Street and the IMF–in liaison with the US Treasury and the European Commission in Brussels– had already set the stage for the outright takeover of Ukraine’s monetary system. The EuroMaidan protests leading up to “regime change” and the formation of an interim government were followed by purges within key ministries and government bodies.

Moscow to demand return of $20 billion debt if Kiev revives ‘zero debt’ debate

Moscow will reserve the right to demand the immediate payment by Kiev of the 20 billion U.S. dollar Soviet debt if Ukraine decides to bring back the “zero option” issue, the Foreign Ministry said on Monday, March 17.

Obama signs increase in U.S. debt ceiling

President Barack Obama signed legislation on Saturday that raises the U.S. debt limit through March 2015, taking the politically volatile issue off the table with congressional elections coming up this November.

Chicago is on the road to Detroit

By the most recent numbers, Mayor Rahm Emanuel's government owes $13.9 billion in general obligation bond debt, plus $19.5 billion in unfunded pension obligations. Add in Chicago Public Schools and City Hall's other "sister agencies" and you're talking billions more in debts that Chicago taxpayers owe.

US teeters towards debt default, cash could run dry by end of February

On Friday, America’s debt limit extension expires and Congress is expected to renew its legal $16.7 trillion debt cap. If the debt limit isn’t raised, the US could burn through its cash as soon as February 28, Secretary Treasurer Jacob Lew warns.

I.O.U.S.A. - America's Debt

A film that boldly examines the rapidly growing national debt and its consequences for the United States and its citizens.

I.O.U.S.A.: Byte-Sized - The 30 Minute Version

Local courts reviving 'debtors' prison' for overdue fines, fees

As if out of a Charles Dickens novel, people struggling to pay overdue fines and fees associated with court costs for even the simplest traffic infractions are being thrown in jail across the United States.

Mortgage Madness: Irish debtors see bankruptcy as way out

The crisis may be just about over in Ireland, but for Irish homeowners it's still tough keeping the wolves from the door. Up to 20 per cent of mortgage payments are overdue with families across the country being forced out when their homes are repossessed. 

Mortgage Madness: Irish debtors see bankruptcy as way out

Spanish banks' "bad loans" balloon to 50-year high

Spanish banks' bad loans hit the highest level for 50 years in October, data showed on Wednesday, despite the sector getting good marks from creditors as it exits its bailout programme.

Italy's pitchfork movement - waking the world up to a new reality

Peter Koenig, former World Bank economist shares his views on the Pitchfork movement in Italy, the crisis in Ukraine and the economic reasons for Europe's social problems.

EU 'betrayed Ireland over debt'

Europe has betrayed Ireland over commitments to ease the cost of saving banks, opposition politicians in the Irish Parliament have claimed.

The Debt Incest Cult

Max Keiser and Stacy Herbert discuss the debt incest cult operating on Wall Street in which JP Morgan's Sons and Daughters mate two units of related debt for four generations and thus spawning a deformed and cross-eyed credit market. In the second half, Max interviews Jeff Berwick of DollarVigilante.com about the great Bitcoin divide in the libertarian community and about the great migration from the USA to Mexico and beyond by Americans seeking more liberty and freedom.

Keiser Report: Debt Incest Cult (E536)

The Wild and Cruel Gap Between Debtors and Creditors

The word “inequality” is much in vogue these days. We hear almost daily about the inequality of wealth, income and wages between the richest top 2 or 3 percent of people and the majority of the country’s wage earners. But not much attention is given and not many marches and other protests are addressing the huge inequalities between creditors and debtors.

German cities pile up mountain of debt

The number of German cities threatened with bankruptcy has increased over recent years, with the gap between rich and poor areas growing, a study revealed on Tuesday.

Home repossessions 'are set to soar again' - thousands could lose properties when period of rock-bottom interest rates ends

The ‘benign period’ during which the number of families being repossessed or falling behind with their mortgage has remained exceptionally low ‘may be coming to an end’, the Council of Mortgage Lenders said yesterday.

Iceland's $1.25 bln mortgage write-down to boost recovery

For a role model in Europe, Iceland is leading the way having successfully got its finaces back on track. In the latest move - it announced a major write-down of mortgages.

Forgive & Forget: Iceland's $1.25 bln mortgage write-down to boost recovery

Ireland - Threat of second bailout still has not gone away

Resorting to a second bailout is a real possibility. Most of the reasons that gave rise to the belief that an on-schedule exit was impossible have not gone away. There are three major foreseeable risk factors over the next two years.

UK's personal debt level hits £1.4tn

Personal debt in Britain has reached £1.4tn – almost the same amount as Britain's national economic output – according to a report that warns debt is wreaking havoc on people's mental health and wellbeing.

Loan shark burned to death by debtor, who gets 10 years in prison

A man from Worcester has been sentenced to 10 years in prison for an arson attack that killed a man he owed money to.

Debt load of PIIGS countries far heavier now than four years ago

As the euro zone's weakest members crawl out of their longest recession in modern history, their prospects of recovery are weighed down by a crushing mountain of debt far heavier than before four years of financial crisis.

The downside of microcredit - Bangladeshi poor selling organs to pay debts

Microcredit, hailed as a saviour for millions, aims to break the cycle of poverty by stimulating income-generating activities through providing collateral-free loans.

But its repayment structure and the apparent inability of microfinance institutions to determine whether borrowers have multiple loans with other institutions rarely come under scrutiny.

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