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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
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America insists on speedy end to turmoil in eurozone

America insists on speedy end to turmoil in eurozone | Countdown to Financial Armageddon | Scoop.it

Amid growing US impatience with European indecision, William Kennard, the American ambassador in Brussels, insisted on faster and more radical action.

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Cartoon from 1912, one year before the creation of the Federal Reserve… amazing.

Cartoon from 1912, one year before the creation of the Federal Reserve… amazing. | Countdown to Financial Armageddon | Scoop.it

Ok, so this appeared on a conspiracy site, but such an arresting image!

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On Brink of Failure, U.S. Debt Committee Says It's Gridlocked

On Brink of Failure, U.S. Debt Committee Says It's Gridlocked | Countdown to Financial Armageddon | Scoop.it

While Europe has all the attention, the US debt crisis is about to hit the headlines again (and for the wrong reasons)...

 

On the brink of failure, members of a special deficit-cutting committee blamed each other Sunday for the intransigence that has gridlocked the panel in its quest to cut the deficit by at least $1.2 trillion over the coming decade.

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"We've Averted a Disaster, Until The Next One" Senate Deal Prevents US Shutdown

"We've Averted a Disaster, Until The Next One" Senate Deal Prevents US Shutdown | Countdown to Financial Armageddon | Scoop.it

The US Senate approves a budget bill, amid a dispute over disaster relief that threatened a partial government shutdown. "We've averted a disaster, until the next one," Democratic Senator Ben Nelson told Reuters news agency.

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