While the US the media lashes out at Trump every time he dares to tell the truth that the central bank is a biased, engaged, political member of the decision-making landscape, other “developed” countries are happily willing to demonstrate just how apolitical the central bank truly is. Take Greece, for example, […]
Episode 1049b. Milwaukee is on fire, riots being pushed to declare a state of emergency. Russia has intel that the US is preparing chaos is Macedonia and Greece.Italy wants to help Libya create a national force. Italy is now warned that there are ISIS cells in Milan. US is quietly carving […]
Greece looking to change their constitution and have additional referendums. US manufacturing has bounce but all indicators are pointing to a slowdown. Construction spending slows and crashes. US entitlements is the sixth biggest economy on earth. Social security unofficially went bankrupt in 2010. European banking system is in big trouble, the […]
Bank of Greece admits austerity is not good for the population and does not work. Single family home permits decline. The housing bubble just popped, San Francisco prices decline dramatically. Baltic Dry Index declines again 11 points.The Fed is actually taxing us without representation, we never elected the Fed. The stock markets […]
Greece is really tightening the screws on the people, more taxes, less pensions more austerity. The retail apocalypse has hit but the corporate media and the US government is playing it off that retail is not important. Recession red flag indicator in temp jobs. They are now dropping off. Manufacturing declines and […]
by Nathan McDonald, Sprott Money:
The uncertainty that the global markets are facing continues to grow with the recent announcement that Puerto Rico, a branch of the United States, would be forgoing its debt repayment and instead using the funds to focus on essential services needed to keep the country running.
This is a […]
by Stephen Lendmen, Market Oracle:
On Sunday, long-suffering Greeks suffered another body blow. Parliamentarians voted 153 to 143 for greater austerity than already, exclusively benefitting Western bankers and large investors, social justice entirely ignored.
A three day anti-austerity strike featured protests and sit-ins. Large parts of Greece’s economy were shut down, including transport, schools […]
by Larry Elliott, The Guardian:
The Greek debt pile is larger than ever – and the solution seemingly ever more remote
It’s that time of year again. Greece is running out of money. There are violent protests in Athens. Eurozone finance ministers are gathering in Brussels in an “emergency” conclave to decide what to […]
from Zero Hedge:
Over the course of documenting the ECB’s push to phase out the €500 note, we stumbled upon something rather interesting that’s taking place at Greek banks.
Courtesy of a reader, we learned that Piraeus Bank (among others) has begun charging a fee to exchange large denomination bills for small. […]
from The Wealth Watchman:
As things continue to heat up here in the election primaries, things are likewise, really getting intense over in Europe. From the massive islamic migrant invasion, to forced “migrant quotas”, to oppressive banking and financial demands, to a cratering economic situation, the peoples of Europe are quickly learning to hate […]
by Doug Casey, International Man:
For a long time, I’ve advocated that the world’s governments should default on their debt. I recognize that this is an outrageous-sounding proposal.
However, the debts accumulated by the governments of the U.S., Japan, Europe and dozens of other countries constitute a gigantic mortgage on the next two or […]
from The Automatic Earth:
Perhaps the best way to show what a mess Europe is in is the €3 billion deal they made with Turkey head Erdogan, only to see him being unmasked by EU archenemy Vlad Putin as a major supporter, financial and who knows how else, of the very group everyone’s so […]
[Ed. Note: Maybe when you make austerity deals with the bankers you get NATO warships up your arse to back it up.]
from ΕΛΛΑΣ-ΑΦΥΠΝΙΣΗ-ΤΩΡΑ, via Silver Destiny:
The Turkish destroyer “Sokullu Mehmet Pasa” takes a shortcut through Corinth after the NATO “Ariane 2015” exercise in the Patraikos Gulf. ~SGTreport **Shout out to the Silver […]
by Jeff Nielson, Sprott Money:
Governments and Central Banksters around the world have proven time and time again throughout history that they simply don’t get it. They don’t get economics, they don’t get finance and they are so far out of touch with everyday people on the street that they don’t get them either.