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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