Prophecy in today's headlines

Head of IMF Proposes New Global Reserve Currency

Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar. “That day has not yet come, but I think it is intellectually healthy to explore these kinds of […]

Debt Dynamite Dominoes: The Coming Financial Catastrophe

In October 2008, the mainstream media and politicians of the Western world were warning of an impending depression if actions were not taken to quickly prevent this. The problem was that this crisis had been a long-time coming, and what’s worse, is that the actions governments took did not address any of the core, systemic […]

Jilted: The Looming Dollar Disaster

Most Americans have no idea what is happening to the economy. Many people think America is emerging from a vicious little recession, and will soon be back on the road to prosperity. America always has, so it always will, is the common reasoning. Yet this time, things may turn out very different. On January 8, […]

World Bank Offers Dire Forecast For World Economy

In a bleaker assessment than those of most private forecasters, the World Bank predicted Sunday that the global economy would shrink in 2009 for the first time since World War II. The bank did not provide a specific estimate, but bank officials said its economists would be publishing one in the next several weeks. Until […]