ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jun 22 11:17

EU Extends Economic Sanctions Against Russia Until February 2016

European Union foreign ministers on Monday extended economic sanctions against Russia until January 31, 2016.

Jun 22 11:15

San Francisco vs America in Housing Bubble 2

Jun 22 11:01

“Sentence First, Verdict Afterwards”: The Alice in Wonderland World of Fast-tracked Secret Trade Agreements

While the deals are being negotiated, lawmakers can see their terms only under the strictest secrecy, and they can be subjected to criminal prosecution for revealing those terms. What we know of them comes only through WikiLeaks. The agreements are being treated as if they were a matter of grave national security, yet they are not about troop movements or military strategy. Something else is obviously going on.

Webmaster's Commentary: 

I do not consider myself bound by a treaty (or any other obligation) not approved of by all of the people, and by that I do NOT mean that grand asylum for the aged and inform on Capitol Hill, but We The People. If treaties are the highest law of the land they deserve the highest scrutiny and review by the public before passage.

Jun 22 10:25

Obama admits: Obamacare website 'disaster'

President Obama made a somewhat shocking admission, given his tendency to divert blame from his own White House – even to the point where the lagging economy has been painted as George W. Bush’s fault several years into the current administration – and said his Obamacare website has proven disastrous.

Webmaster's Commentary: 

Jun 22 09:48

Can You Imagine Empty Grocery Stores?

Jun 22 09:36

Crowdfunding Allows Easier Investment in Real Estate

As the popularity of crowdfunding rises in the commercial real-estate industry, so does the ease with which everyday investors can invest in real estate without pledging huge amounts of capital.

Jun 22 09:31

4 Million American Homeowners Still "Underwater"

Although the number of American homeowners who are "underwater" with their mortgages, owing more than their home is worth, has been dropping as the real estate market continues to improve, almost 4 million are still underwater by at least 20%.

Jun 22 09:24

Presidential Candidate: Every American Deserves Paid Vacation

Presidential candidate, Bernie Sanders, said he believes every American worker deserves paid vacation.

Jun 22 09:18

Bird Flu Causes Egg Prices to Skyrocket

The average weekly price of large eggs has more than doubled in the last month thanks to the bird flu epidemic.

Jun 22 09:17

CEO Pays for College for Employee’s Children

CEO Chieh Huang of Boxed, an online version of Costco, decided to pay for the college education of his employee’s children.

Jun 22 08:43

Bilderberg: Started by a Nazi, still with the same agenda

When you want to discover what an organization is really all about, it is important to dig down to the roots. And when you uncover the roots of the Bilderberg Group, you find some very unsettling things. It turns out that the Bilderberg Group has had Nazi connections from the very beginning, and it continues to advance the agenda of the Nazis to this very day.

This year, the Bilderberg Group met from June 11th to June 14th at the Interalpen Hotel which is near the city of Telfs, Austria. This organization has so much power that even several days before the event police kept everyone (including reporters) 10 kilometers away from the hotel. If this is just a group of private citizens getting together to chat about world issues, why all the security? What is so special about this group of people that rates such extraordinary measures? And why are they so bound and determined to keep all of the rest of us away from them?

Jun 22 08:34

Be wary of Russia/Greece news

While there is some important data coming out this week, in particular the corporate profits report on Wednesday, the world will be watching the European Union's debate regarding the future of Greece and whether or not politicians are willing to allow Russia to become Greece's ‘Spasitel' (savior).

If this occurs, Russia would gain an immediate advantage in ending future economic sanctions by the EU, as such a vote must be unanimous, and the Greeks would certainly side with their new comrades. One thing is certain, there will be plenty of headlines to bewilder observers and cause additional market volatility.

Jun 22 08:33

‘The People Will Not Be Blackmailed': Thousands March in Athens Against Austerity

Throngs flocked to Athens on Sunday to call on the ruling Syriza party to stand up to international creditors and reject further austerity measures.

In the second mass demonstration this week alone, thousands of protesters chanted “No to the euro” and “The people will not be blackmailed.”

Jun 22 08:27

Dire warning from Greek bank boss

Mr Karamouzis confirmed to me that the European Central Bank (ECB) has agreed to keep Greek banks alive today.

But he warned there was a genuine risk of Greek banks being forced to close their doors tomorrow and cease dispensing cash for days, if the Greek government led by Alexis Tsipras fails today to convince eurozone finance ministers and government heads that it is taking credible steps to balance its books.

Jun 22 08:25

Vladimir Putin schools Charlie Rose

Interestingly, Putin did not say the word "reforms", let alone "structural reforms", even once, although that's what he was talking about. Let's focus on only one statistic: the physical volume of non-raw material exports from Russia grew by 17% in the first quarter of this year. Which means the structure of exports are changing, something that until recently could only be dreamt about.

In other areas, Russia's economy also displayed a resilience that many did not expect.

Jun 22 08:23

Max Keiser: JP Morgan's Blythe Masters is the devil incarnate

Keiser told IBTimes UK in no uncertain terms that the most prominent force attempting to wrestle back a proprietary fiefdom for banks is the former global head of commodities at JP Morgan, Blythe Masters.

Masters joined blockchain-focussed company Digital Asset Holdings in March of this year. She is by far the biggest fish from Wall Street to enter the space – something which mainstream media sources generally reported as a huge vote of confidence for cryptocurrencies.

Keiser sees it differently: "Yes, I can tell you the evil cult leader is Blythe Masters. Jamie Dimon has moved her running the credit default swap desk in London – something she invented, the credit default swap."

Jun 22 08:21

Feel Like You’re on the Titanic?

The highly regarded editor of the Gloom, Doom and Boom report, Dr. Marc Faber has warned that “the whole financial system will one day implode”.

Jun 22 08:18

Greek bailout talks end without progress

Eurozone finance ministers have broken off talks without an agreement on Greece’s bailout.

But the officials say they aim to reach a deal later this week that might keep the country from defaulting and falling out of the currency union.

Jun 22 08:01

Currency Crisis: How Much Longer Until it Hits the US?

A currency crisis is coming to the US and it’s only a matter of when, not if. Many have been warning about it for years, from politician Ron Paul to economist Peter Schiff to many other voices in the alternative media. It’s a mathematical certainty, and a question of when, not if.

Jun 22 07:53

How to Punish Bank Felons

The penalty? The banks have agreed to pay $5.5 billion. That may sound like a big chunk of change, but for a giant bank it’s the cost of doing business. In fact, the banks are likely to deduct the fines from their taxes as business costs.

The banks sound contrite. After all, they can’t have the public believe they’re outright crooks.

Jun 22 07:44

Federal Reserve System a Run Away Machine-G. Edward Griffin

Edward Griffin, author of “The Creature from Jekyll Island,” says the global monetary system is out of control. Griffin contends, “There is nothing that can be done about it. This thing is a runaway machine. I would feel much better if these political figures would say hey, this is out of our control right now. We need a substantial change in the system. . . . We need more honesty. People have to stand up and say we are in for a tough time. There is no easy way out of this. We are in for a tough time. Hang on to your seatbelts. We are coming into the rapids now. We need that kind of honesty, but we are not getting it because most of these guys and gals in Washington are thinking well, it’s going to be bad, but at least I’m in a good spot. They are more worried about themselves and their families than they are worried about the nation.”

Jun 22 06:16

Greece Nears the Endgame

Jun 21 22:36

Hypocrisy reigns supreme in the West

The European Union has hypocritically extended sanctions on Russia and the Russian autonomous Republic of Crimea in support of the politically- and economically-failed state of Ukraine. At the same time, the EU has threatened the sovereignty of Greece for failing to adhere to confiscatory and usurious financial policies set by the banking gnomes of Frankfurt and London, the same bankers that are propping up a corrupt government in Kiev. Nothing spells hypocrisy more than what is taking place in Europe at the direction of the "Eurocrats" of Brussels, their military centurions in NATO, and their overall puppet masters in Washington.

Jun 21 22:30

'The People Will Not Be Blackmailed': Thousands March in Athens Against Austerity

Throngs flocked to Athens on Sunday to call on the ruling Syriza party to stand up to international creditors and reject further austerity measures.

Jun 21 19:33

BRICS Bank to commence business on 7 July

The BRICS New Development Bank will be launched at the first session of its Board of Governors in Moscow on 7 July, Russian officials have confirmed.

Russian Deputy Finance Minister Sergei Storchak announced at the St Petersburg International Economic Forum on Friday that the BRICS Bank will be ready for action after the maiden meet of the governors.

The New Development Bank will provide a financing alternative to the World Bank, where the five large emerging markets have sought more clout.

BRICS leaders also announced the establishment of the BRICS Contingent Reserve Arrangement, a 100-billion-dollar fund from which the BRICS member countries will be allowed to draw funds when going through a crisis.

The bank is set to be headquartered in Shanghai. India has already announced the first president of the Bank.

Jun 21 18:26

Lindsey Williams, Martin Armstrong And Alex Jones All Warn About What Is Coming In The Fall Of 2015

Not since the financial crash of 2008 have so many prominent people issued such urgent warnings about a specific time period. Almost daily now, really big names are coming out with chilling predictions about what they believe is going to happen during the second half of 2015.

Jun 21 17:10

Creditors offer Greece six-month bailout reprieve as Tsipras weighs response

Greece’s international creditors are aiming to strike a deal to stop Athens defaulting on its debt and possibly tumbling out of the euro by extending its bailout by six months and supplying up to €18bn (£12.9bn) in rescue funds.

The negotiators representing Greece’s lenders are also proposing to pledge debt relief for the austerity-battered country – but officials stressed that a breakthrough hinged on a positive response from the Greek prime minister, Alexis Tsipras.

Jun 21 16:35

LinkedIn's Loot and Pillage Accounting

Jun 21 15:30

Queen's income safe from cuts for two years despite rising revenues

Formula for calculating Queen's income should safeguard her from the government's austerity plans, despite an 11 per cent rise in her income

Jun 21 14:41

Common Sense Says U.S. Stocks Are Overvalued

Jun 21 13:10

The People Who Flash Crashed Gold In 2014

Back in late 2013 and early 2014, the gold (and silver) market was stunned by a series of massive, unprecedented “stop” or “velocity logic” sales which sent the price of the precious metal crashing so furiously they halted the entire gold futures market anywhere between 10 and 20 seconds. Some examples:

Jun 21 13:00

Trapping Russia to Prove a Negative

The prove-a-negative trap is the Big Lie technique of Nazi propagandist Josef Goebbels: there is no substance to the allegations and there is no obligation to present evidence to verify, thanks to the dutiful and unquestioning nature of Western corporate “journalism”.

The United States and its Western allies are trying to ensnare Russia in an audacious disinformation trap over the Ukraine conflict. That trap involves imposing an insoluble conundrum on Vladimir Putin’s government, which we might call “prove a negative”. It is a familiar conceptual device that Washington has used elsewhere, against Iraq and Iran for example, in order to pursue what are otherwise illegitimate geopolitical aims.Russia is being held up as the guilty party that is undermining the shaky Minsk ceasefire; and Western economic sanctions are being extended “until Russia implements the ceasefire”.

Jun 21 12:24

UK's child poverty rate heading towards largest hike: Experts

Child poverty rate in Britain is reportedly heading towards its largest increase in a generation, reversing over a decade of progress that began in the late 1990s, leading independent experts say.

Jun 21 11:51

What’s the deal with the TPP?

By Jeb Kicker

Many Americans have heard of this giant trade deal known as the TPP, or Trans-Pacific Partnership. Most don’t have a clue what the agreement actually contains or what effects it will have on our situation in America. All citizens should at least know what is being discussed; this pact will have enormous implications and the widespread ignorance of its provisions is by design. Let’s dive in...

Jun 21 11:46

UK is 'biggest tax haven in EU,' says global tax expert

British Overseas Territories and Crown Dependencies make up almost 25 percent of the world’s tax havens blacklisted by the European Commission.

Jun 21 11:38

British campaigners demand cuts to queen expenses

British campaigners demand a review of the queen’s finances after reports that royal spending will not face cuts for at least another couple of years.

Jun 21 10:42

Our "Stealth Politics" of Inequality

What happens — to democracy — when income and wealth concentrate?

A half-century ago, that question hardly seemed worth asking. In the decades right after World War II, Americans were living in a nation — and a world, for that matter — growing ever more equal.

Jun 21 10:23

Managing Greek default risks

Jun 21 09:56

The Myth of Global ‘Free’ Trade

The key to TTIP is the so-called Investor-State Dispute Settlement mechanism that essentially gives corporations free reign to sue governments using a “failure to implement” provision, if state policies or legislation interfere with profits. But is this all about trade?

There was a direct, crucial “secret” agenda linking the G7 meeting in Germany and the Bilderberg meeting in Austria last week; the advancement of the virtually secret negotiations towards the Transatlantic Trade and Investment Partnership (TTIP), the massive free trade agreement between the US and the EU.

Even though the corporate powers behind TTIP are itching for a deal to be reached before the end of 2015, serious (negotiation) trouble remains.

Jun 21 09:50

Trump for President? — Paul Craig Roberts

This is not my endorsement of Trump for President. It is merely my speculations on how we might think of how large egos might be brought into our service.

Celente put it well. If you look at the sorry collection that aspires to be the CEO of what continues to be described as the “exceptional, indispensable, most important country with the largest economy and military, the world’s only Superpower, the Uni-power,” you see a collection of nobodies. America is like the last days of Rome when contenting factions fought to put their puppet on the throne.

In actual fact, Trump might be our best candidate to date. By all accounts, he is very rich. Thus, he doesn’t need the office in order to become rich by selling out America to interest groups.

Jun 21 09:32

“THE COLLATERAL HAS RUN OUT” – JPM WARNS ECB WILL USE GREEK “NUCLEAR OPTION” IF NO MONDAY DEAL

Although estimates vary, Kathimerini, citing Greek banking officials, puts Friday’s deposit outflow at €1.7 billion. If true, that would mark a serious step up from the estimated €1.2 billion that left the banking system on Thursday and serves to underscore just how critical the ECB’s emergency decision to lift the ELA cap by €1.8 billion truly was. “Banks expressed relief following Frankfurt’s reaction, acknowledging that Friday could have ended very differently without a new cash injection,” the Greek daily said, adding that the ECB’s expectation of “a positive outcome in Monday’s meeting”, suggests ELA could be frozen if the stalemate remains after leaders convene the ad hoc summit.

Webmaster's Commentary: 

IF the fertilizer hits the ventilation shaft financially in Europe this week, it cannot manage to not affect American banking systems as well.

The Dow may respond precipitously, as the credit default swap markets may really become unhinged in the extreme.

Jun 21 09:22

Anti-austerity marchers told to 'go wave your banners while grown ups run the country' by Westminster councillor

A central London councillor has mocked anti-austerity protesters on Twitter telling them to “go wave your banners” while the “grown-ups get on running the country”.

Using the #EndAusterityNow hashtag , Conservative Westminster city councillor Richard Holloway dismissed the protest:

Webmaster's Commentary: 

That may have been his "Let them eat cake" moment!

Jun 21 09:05

EXCLUSIVE: Baron Rothschild indicted in France over fraud case

FRENCH police have been ordered to track down one of Europe’s wealthiest aristocrats over a fraud involving hundreds of British pensioners.

Baron David de Rothschild has been indicted over the allegations after the victims, mostly expats living in Spain, bought into his loan scheme.

The banking magnate will now be questioned in his native France, five years after a Marbella-based law firm began legal action against him.

French police have been told by a judge in Paris to track down the wealthy scion who has various homes in the country.

Jun 21 08:11

How Edmund de Rothschild Managed to Let 179 Governments Pay Him for Grasping Up to 30% of The Earth

After Edmund de Rothschild’s statement, totally without basis, at the 4th World Wilderness Congress in 1987, that CO2 is the cause of (a non-existent) global warming and that combating it needs money (our money), he founded the World Conservation Bank for this spurious reason.

In 1991 its name was changed to The Global Environment Facility (GEF).

The purpose of the Facility is to lend money to the poorest countries, 'money' printed by the IMF out of thin air and guaranteed by our governments.

The Facility seeks wilderness areas rich in minerals as security. The idea is that GEF money then flows back to reimburse our governments for loans. I.e., we give away our tax money. For what? When a country cannot repay loans to the GEF it must give up a piece of its territory to the Rothschild banks (GEF, IMF, World Bank).

The total amount of land involved can be as much as 30% of the Earth's surface.

Jun 21 04:59

Putin: €2bn Russia-Greece gas deal will help Athens pay its debt

A deal to jointly build an extension of the Turkish Stream gas pipeline across Greece will help Athens to settle its multibillion euro debt to international creditors, President Vladimir Putin said at the St. Petersburg International Economic Forum.

Jun 21 02:54

How Much Home Can You Buy With Your Income?

Jun 21 02:53

Have Chinese Markets Hit Top? Bob Hoye

Jun 20 22:54

150,000 Cigarettes or 3,275 Ounces of Silver

Jun 20 18:55

Osborne and IDS vow to press ahead with £12bn benefits cuts as they pledge a 'return to sanity'

George Osborne and Iain Duncan Smith have insisted they will push ahead with plans to slash another £12 billion a year from the benefits bill.

The Chancellor and Work and Pensions Secretary reiterated their determination to achieve the savings in full after a major anti-austerity protest on the streets of London.

Jun 20 18:37

US Could Be in Recession in 6 Months (Video)

Jun 20 18:34

Hungary, Greece, Cyprus to Restart Food Trade With Russia Despite Sanctions

Russian health authorities are conducting audits of suppliers in all three countries, as well as India, Alexey Alexeyenko, the director of Rosselkhoznadzor (the Russian Federal Service for Veterinary and Phytosanitary Surveillance) is quoted as saying. "About 20 companies will be verified in Greece and Hungary. In India — less, around four to five. Cyprus has requested a delay for technical reasons and therefore, the audits will begin on April 27, where seven to eight companies will be checked."

Jun 20 18:09

Greek debt crisis is the Iraq War of finance

Rarely in modern times have we witnessed such a display of petulance and bad judgment by those supposed to be in charge of global financial stability, and by those who set the tone for the Western world.

The spectacle is astonishing. The European Central Bank, the EMU bail-out fund, and the International Monetary Fund, among others, are lashing out in fury against an elected government that refuses to do what it is told. They entirely duck their own responsibility for five years of policy blunders that have led to this impasse.

They want to see these rebel Klephts hanged from the columns of the Parthenon – or impaled as Ottoman forces preferred, deeming them bandits - even if they degrade their own institutions in the process.

Jun 20 17:45

Debt: War and Empire By Other Means

Jun 20 17:06

BEER BUBBLE?

Jun 20 15:29

Tyler Durden's picture Meanwhile, Greece Is Quietly Printing Billions Of Euros

During the same period over which Greek banks lost nearly €30 billion in deposits, banknotes in circulation jumped by some €13 billion. In short, because Greeks are increasingly prone to stuffing their euros in mattresses, a large proportion of the deposit flight has come in the form of hard currency withdrawals, meaning the Bank of Greece is forced to (literally) print billions in physical banknotes.

Jun 20 15:28

"The Collateral Has Run Out" - JPM Warns ECB Will Use Greek "Nuclear Option" If No Monday Deal

"If no agreement is reached on Monday, then the ECB will have little reason to show further flexibility and it will likely freeze its ELA limit on Greek banks. As a result capital controls will become almost inevitable after Monday."

Jun 20 15:22

Anti-austerity protest: This is just the start of our campaign, say marchers

Cries to end austerity echoed through the streets of central London as a reported 250,000 people campaigned against a new wave of government spending cuts.

Protesters gathered outside the Bank of England before marching to Parliament Square in one of the biggest anti-austerity events in recent years, and the first major protest since the new Government was formed.

A spokesman from the People’s Assembly, which organised the march, said: “Today is not the end of our campaign against austerity but the start of a mass movement prepared to take on this Government.”

Jun 20 15:08

Putin: €2bn Russia-Greece gas deal will help Athens pay its debt

A deal to jointly build an extension of the Turkish Stream gas pipeline across Greece will help Athens to settle its multibillion euro debt to international creditors, President Vladimir Putin said at the St. Petersburg International Economic Forum.

Talking to the representatives of international media at the Forum, Putin said he didn’t see any support for Greece from the EU, RIA Novosti reports.

“If the EU wants Greece to pay its debt than it should be interested in the Greek economy growing,” Putin said. “The EU should be applauding us. What’s bad about creating new jobs in Greece?” he said, commenting on Russia’s preliminary gas deal with Greece.

Jun 20 14:55

DIY Healthcare: A New Kind of Insurance

By Brian Berletic

Health insurance is a financial scheme devised to help individuals cope with otherwise impossible-to-pay medical bills. By large numbers of people paying monthly premiums (or taxes) to a centralized insurance or healthcare provider, the smaller number of those who actually need expensive coverage can be accommodated.

But this is mainly because healthcare is so expensive in the first place. For now, it is the best we have, but what if healthcare wasn't so expensive in the first place? What if it was as affordable as food or other regular consumer products? How could healthcare become as affordable as food or regular consumer products?...

Jun 20 13:56

How to Play the Next Commodities Bull Market

Jun 20 13:02

Dow Divergences Reaching Historic Levels

Jun 20 12:27

Tsipras spoke with Putin hour and a half and came out happy and smiling

Webmaster's Commentary: 

"How DARE Putin free our debt-slaves! Doesn't he know how long and hard we worked to make them debt-slaves in the first place? THIS MEANS WAR!!!!" -- Official White Horse Souse

Jun 20 12:25

European Central Bank extends credit on fears of Greek bank collapse

The European Central Bank (ECB) intervened again Friday to prop up Greece’s banks, as savers, fearing their imminent collapse, withdrew record amounts of deposits.

Following the collapse of talks between Greece and its creditors—the European Union (EU), the ECB and the International Monetary Fund (IMF)—over the terms of a further spending cuts programme, billions of euros in deposits were withdrawn from Greek banks. This week alone €4.2 billion were withdrawn, including €1.2 billion on Friday.

Jun 20 12:20

Nomi Prins, Keynote Speaker Who Addressed The Fed, IMF And World Bank, Warns There Is No Saving This Global Financial System

Today Nomi Prins, who was the keynote speaker that just addressed the Federal Reserve, IMF and the World Bank warned King World News that there is no saving this global financial system in the second of a series of powerful interviews that have now been released.

Webmaster's Commentary: 

Jun 20 10:42

US Dollar forming a bubble?

Jun 20 10:23

‘Fatally flawed’ Bank of England stress tests peddle myth of financial security – report

Bank of England (BoE) stress tests of Britain’s banking sector are “fatally flawed” and peddle the myth that the financial system is secure, a report by the Adam Smith Institute says.

The report, published Thursday, was authored by Professor of Finance and Economics at Durham University Kevin Dowd. It calls for the yearly tests to be scrapped and warns that they hide serious weaknesses in a vulnerable UK banking system.

Jun 20 10:13

The 7 Year Cycle & THREE DIGIT SILVER in 2016

Jun 20 09:36

Reasons behind homebuilder optimism

Jun 20 09:08

S&P 500 quarterly buybacks as % of market cap

Jun 20 08:04

Charlotte Church and Russell Brand join protesters at End Austerity Now rally in London

An estimated 250,000 marched from the Bank of England to the Houses of Parliament to protest against Tory Government cuts.

Jun 20 07:52

Signs Of Financial Turmoil In Europe, China And The United States

As we move toward the second half of 2015, signs of financial turmoil are appearing all over the globe. In Greece, a full blown bank run is happening right now. Approximately 2 billion euros were pulled out of Greek banks in just the past three days, Barclays says that capital controls are “imminent” unless a debt deal is struck, and there are reports that preparations are being made for a “bank holiday” in Greece.

Jun 20 07:37

British banks slash exposure to Greece amid fears the country is heading for bankruptcy and eurozone expulsion

Figures from the Bank of England showed the UK lenders, pension funds and other financial firms had £2billion tied up in the crisis torn nation at the end of March. That was the smallest amount since records began in 2004 and down from £9.6billion a year earlier and a peak of £12.4billion in March 2008.

Jun 20 06:44

China's stock market is about to collapse

Jun 20 04:03

EU losses from anti-Russia sanctions estimated at €100 bln — Die Welt

The sanctions imposed by the European Union against Russia over its stance on the Ukraine crisis and Moscow’s countermeasures will cost Europe €100 billion and endanger over 2 million jobs, influential German daily Die Welt reported on Friday.

Jun 20 03:43

IMF 'Trained' Greek journalists in DC to promote its position in media

Greece's former representative to the International Monetary Fund (IMF) said that Greek journalists were "trained" to promote the policies the IMF and the European Commission had toward the country's debt.

Jun 20 03:09

Currency Crisis: How Much Longer Until it Hits the US?

A currency crisis is coming to the US and it’s only a matter of when, not if. Many have been warning about it for years, from politician Ron Paul to economist Peter Schiff to many other voices in the alternative media. It’s a mathematical certainty, and a question of when, not if. Recent events, within the US and abroad, are beginning to indicate that it’s going to happen sooner rather than later. No one knows exactly when; there are way more predictions that don’t come true than those that do. However, making an accurate prediction of the exact date when the currency crisis hits is not as important as getting spiritually, mentally, financially and physically prepared for it.

Jun 20 03:00

UK Readies for Massive Protest Against 'Austerity on Steroids'

A massive and growing anti-austerity movement will take to the streets of London on Saturday, June 20, with demonstrators demanding "an alternative to austerity and to policies that only benefit those at the top."

Jun 19 22:36

Global Trend Forecaster Gerald Celente On $20,000 Gold: “Here’s What We’re Forecasting…”

In his latest interview Celente sheds more light on a recent report that China is preparing for something very big by hedging its bets against the real possibility of a global currency crisis stemming from a collapse in the U.S. dollar.

Jun 19 20:54

Ron Paul: Stock market ‘day of reckoning’ is near

Despite record highs in the market, former Rep. Ron Paul says the Fed’s easy money policies have left stocks and bonds are on the verge of a massive collapse.

Jun 19 18:02

We can pay £7bn to fix parliament, or much less to an arsonist. You choose

First, let us just absorb the fact that the quote for restoration of the Palace of Westminster was pegged at £3bn in March. “A not inconsequential sum of public money,” declared Speaker Bercow, with the worldly air of a man who knows you could get a short war for that and still have change for a duck house. An official report now concludes that up to £7bn could be required. If my experience of commissioning building work is any guide – and I struggle to see how it isn’t – this estimate will rocket into double figures the second a workman breaks ground on his first cup of tea.

Jun 19 15:19

Greek Bank Run Accelerating; Is It “Game Over” Soon?

When the money dries up, it’s “Game Over.” And that’s what Greece is facing now that bank runs are accelerating rapidly!

Consumer and business depositors have reportedly yanked 1.85 billion euros from the Greek banking system in just the last two days. That’s more than 115 million euros PER HOUR, assuming two eight-business-hour days.

More than 2% of all the private money held in Greek banks has now vanished in just the last week. The only thing standing between banks and insolvency is the European Central Bank, which is providing them with emergency liquidity assistance (ELA) since they can’t raise money in the private capital markets.

Jun 19 14:54

Solar Energy is Driving China’s Voracious Demand for Silver (800 M oz!)

Jeff Brown presents us with some stunning statistics regarding the amount of silver required by China to meet its 5-yr plan to install 100 gigawatts of solar (by 2020).

It takes 236 metric tonnes of silver per gigawatt of solar energy. This translates into 8.3 million ounces per gigawatt of solar energy output. If China installs 100 gigawatts in the next 5 years, this will require 26,300 metric tonnes, which is 731.6 million ounces of silver.

“It looks like China is trying to get its hands on all the silver it can find.”

Jun 19 14:29

World: Real potential growth

Jun 19 14:03

Extreme poverty can be eliminated, but conflicts are the problem – UNDP Administrator

The UN agreed to a series of Millennium Development Goals at the turn of the century, aiming to make the world a better place. And while great strides have been made in areas such as poverty reduction and access to clean water, much remains to be done. How can we ensure the world continues to develop substantially, and how much of a role can women have in driving that development? Oksana is joined by Helen Clark, the Administrator of the United Nations Development Program, to debate these issues.

Jun 19 14:03

5 Things To Ponder: Shades Or Umbrella

Jun 19 13:44

IMF Humiliates Greece, Repeats It Will Keep Funding Ukraine Even If It Defaults

One week ago, we were stunned to learn just how low the political organization that is the mostly US-taxpayer funded IMF has stooped when, a day after its negotiators demonstratively stormed out of the Greek negotiations with "creditors", Hermes' ambassador-at-large Christone Lagarde said that the IMF "could lend to Ukraine even if Ukraine determines it cannot service its debt."

Webmaster's Commentary: 

Talk about adding insult to injury with Greece.

but the IMF wants to put Ukraine squarely in the European sphere of influence, and wants the breakaway republics "neutralized" (more on that in an earlier post), because that's where the heart of manufacturing exists in Ukraine.

Jun 19 13:13

Banksters’ Trojan Horse for Greece & EU

The conflict over Greek debt is portrayed as one between fiscally responsible & fiscally irresponsible nations.

Jun 19 13:13

The Bulls Are Down, But Not Out

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