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When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives. Along with credit default swaps ... Full article
Nobody will be surprised to know that one of the reasons of the current Greek crisis is the high level of tax evasion. The Organization for Economic Cooperation and ...
The Troika has triumphed over the Greek people. Alexis Tsipras defied the European gods, but did not have enough guts to take the battle for freedom to the endline. ...
The NO vote by the people in Greece turned into a green light for Tsipras to further destroy the nation. Predatory monied interests make serial killers look good by ...
We have explained on a number of occasions how the Federal Reserves’ agents, the bullion banks (principally JPMorganChase, HSBC, and Scotia) sell uncovered shorts (“naked shorts”) on the Comex ...
The referendum was a smoke screen by Tsipras to legitimize his plan to keep Greece in the euro zone under heavy austerity measures. Athens has met at noon today ... Full article
The most likely outcome from the meetings that Alexis Tsipras will hold with the Troika will be a third financial bailout of German and French banks, which would mean ...
The former Greek Finance Minister resigned because the Troika is not confortable with him in the room. The Greek Finance Minister, Yanis Varoufakis, announced Monday his resignation because he ...
Troika-waged financial war is systematically destroying Greece. According to history books, democracy originated in Greece. Of course, historians could be mistaken, but this is the prevailing view among Western ...
The Prime Minister, who had rejected the proposal of the Eurogroup, has now practically accepted all the conditions set out in the proposal Nothing less than the complete refusal ...
Few people understand that the fate of Western liberty, what remains of it, is at stake in the conflict, and, indeed, the fate of life on earth. Like Marathon, ...
Syriza government asks the people to participate in the referendum Greek Prime Minister Alexis Tsipras, is reconsidering the last offer made by the President of the European Commission, Jean-Claude ...
A red flag sign of an emotionally abusive relationship is when the abuser goes to great lengths to make the abused party seem “crazy” or “ridiculous.” This is actually just ...
TTIP: The Corporate Empowerment Act The Transatlantic and Transpacific Trade and Investment Partnerships have nothing to do with free trade. “Free trade” is used as a disguise to hide ...
The Brazilian gravy train has stopped to a halt as Dilma Rousseff announces a R$ 70 billion cut in government spending. The government of President Dilma Rousseff of the ...
Ukraine’s economy is a sinkhole of economic Depression. It’s teetering toward collapse. Its Q I GDP plunged 17.6% year-over-year. It’s down 6.1% from Q IV 2014. Ten of the ...
It is the second reprimand in less than six months against five major multinational banks for currency manipulation. The Department of Justice of United States and the Federal Reserve ...
Only a liar or a banker could say he sees positive signs in the world economy. With Europe immersed in a dire economic depression, the United States ever more ...
French and German banks were weakened due to their heavy investment in Greek debt. According to the documentary titled “On the Trail of the Troika“, the euro states prevented Greece ...
Corruption is the great plague that invades many countries in Latin America and the world. It will be perceived more and more as the threat of economic crisis looms, ...
The financial media as well as segments of the alternative media are pointing to a possible weakening of the US dollar as a global trading currency resulting from the ...
The German Council of Ministers approved a bill that allows the extraction of unconventional hydrocarbons with the technique of hydraulic fracturing. The government will allow fracking to take place ...
Even countries like the United States, which opossed China’s initiative from the the beginning, now want to participate. China took another step Tuesday to realize its dream of leading ...
According to the official economic fairy tale, the US economy has been in recovery since June 2009. This fairy tale supports America’s image as the safe haven, an image ...
ATHENS – Greece has, at the very least yielded. The pressure from the Troika, serious liquidity problems and tensions in the financial system led to the Government of Alexis ...