Economic implosion news, articles and information:

Global debt rose $57 trillion since 2007; economic implosion now unavoidable

3/12/2015 - Global debt has soared to dizzying levels since the "Great Recession," according to a new report from the McKinsey Global Institute. The study estimates that overall global debt since 2007 has increased by a staggering $57 trillion, outpacing world GDP growth and raising the debt-to-GDP ratio by 17...

California to accelerate economic implosion by forcing businesses to pay for sick days of hourly workers

2/3/2014 - There is one thing to be said about having a desire to help those in need, but when that kind of compassion turns into a cult-like political ideology, it can turn into something ugly and harmful. A new measure being considered by the uber-progressive Democratic majority in the California Assembly...

Economic implosion in Spain driving citizens to 'dumpster diving' survival food scavenging

10/2/2012 - Make no mistake - the economic situation in a number of European nations is deteriorating rapidly, so much so that basic survival has become an issue for more and more people. Consider Spain, whose government will have to borrow €207 billion (about $334.6 billion) next year just to survive (widening...

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