IMF: Global debt rises to all-time high $152tn

The International Monetary Fund (IMF) has raised concerns over ballooning global debt that has reached 225 percent of the world’s gross domestic product (GDP), which could lead to financial crises. “At 225...

The West Is Reduced To Looting Third World Countries

By Paul Craig Roberts I, Michael Hudson, John Perkins, and a few others have reported the multi-pronged looting of peoples by Western economic institutions, principally the big New York Banks with the aid of...

Saudi Arabia could be bankrupt by 2020 – IMF

The Middle East’s biggest economy, Saudi Arabia may run out of financial assets within the next five years if the government maintains its current policies, warns the International Monetary Fund. Saudi Ara...