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European Great Depression preceded by Negative Interest Rates

Europe faces a prolonged era of very low or negative real interest rates between 0 and minus 2%. It will last five more years, until 2021, conclude the experts convened by the European Central Bank (ECB) at its annual conference. So credit users will sing glad tidings; savers, curses; and the whole society will intone lamentations, as low interest rates indicate sluggish growth, in which any surprise multiplies the ...Read full article...

Brexit: What Is It About?

If you read the presstitute media, Brexit—the referendum on the UK’s exit from the EU— is about racism. According to the story line, angry right-wing racists of violent inclinations want to leave the EU to avoid having to accept more dark-skinned immigrants into England. Despite the constant propaganda against exit, polls indicated that more favored leaving the EU than remaining until a female member of Parliament, Jo Cox, was ...Read full article...

European Central Bank to Bailout European Multinationals

The European Central Bank (ECB) takes a new step in its policy of providing cheap liquidity to the euro zone. The panorama of zero and negative rates and the quantitative easing program (QE) will now be supported by the bank’s purchase of corporate bonds. That is, corporate debt. By purchasing corporate bonds, the ECB hopes to, once again, rescue corporations that are allegedly experiencing ‘difficulties’ in collecting billions in ...Read full article...

Does Bank Stocks plunging Signal the Crisis to Come?

Wall Street banks were bailed out in 2009 after the Federal Reserve wired billions in fake money to their coffers. In 2016, central banks are out of ammunition and globalized banking institutions are again on the brink of collapse. European bank stocks are crashing. Deutsche Bank (DB), Germany’s largest bank, has plunged 36% this year. Its stock is at an all-time low. Credit Suisse (CS), a major Swiss bank, ...Read full article...

Greece strikes to oppose Tsipras’ Austerity

Even Tsipras’ own party -Syriza- is supporting the strike that affects transportation, news services and hospitals. Greece is experiencing today the first general strike under President Alexis Tsipras, at a time that creditors have returned to Athens to unblock some points of the negotiations for the disbursement of 2 billion euros of the so-called rescue and 10 billion euros for the recapitalization of the banking. Syriza, the party of ...Read full article...

Tsipras chooses Debt Slavery

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. Previous governments, with the help of Goldman Sachs falsified oficial documents to allow Greece to enter the European Union, and today the Greek people are paying the price. The Referendum where millions of Greeks gave Tsipras a mandate to crush ...Read full article...

Alexis Tsipras sells out to the Troika

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 comparison. Their business model creates crises to facilitate grand theft, financial terrorism and debt entrapment. They hold nations captive to their demands. They turn crises into humanitarian disasters. They create mass impoverishment, high unemployment, neo-serfdom and human wreckage. They’re more ...Read full article...

Greece’s Sunday’s Vote Will Determine Liberty Or Serfdom

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 populations with enough awareness to be interested to know. What we are witnessing today, July 2, 2015, is that after 2,500 years in the Western World only the current Greek government is interested in democracy. The Greek government, to the ...Read full article...

Capitalism Has Devolved Into Looting

…when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you–when you see corruption being rewarded and honesty becoming a self-sacrifice–you may know that your society is doomed.   –  Ayn Rand, “Atlas Shrugged” There’s no such thing as markets anymore – only interventions.  –  Chris Powell, co-founder and Treasurer of GATA Ayn ...Read full article...

Tsipras betrays the Greeks

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 of the illegal debt would hae been a defeat for Greece, yet, the ‘strong man’ who came to power promising no more of the same bended his knee at the last minute and has now, once again, delivered Greece into the ...Read full article...

Greece Again Can Save The West

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, Thermopylae, Plateau and Mycale roughly 2,500 years ago, Western freedom again depends on Greece. Today Washington and its empire of European vassal states are playing the part of the Persian Empire, and belatedly the Greeks have formed a government, Syriza, ...Read full article...

Greece will not pay the IMF and Tsipras prepares a counter offer

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 Juncker, to resolve the debt crisis, according to reports by the Greek media. Although it would mean a step back in rejecting perpetual austerity and misery for the Greek people, Tsipras has been pressured by members of his own government to ...Read full article...

Troika Intends Starving Greece Into Submission

Eurozone, ECB and IMF officials’ treatment reveal the latest example of predatory capitalist viciousness. Since Greece’s financial crisis erupted in 2009, imposed austerity diktats incrementally transferred its wealth, assets and enterprises to Western interests at the expense of a 25% GDP drop, mass impoverishment and unemployment (60% for youths), elimination of vital public services, and a brain drain of its best and brightest. SYRIZA Prime Minister Alexis Tsipras promised ...Read full article...

European Central Bank forcing Greece into perpetual Debt

The European Central Bank is tightening the rope with Greece. The bank intervened yesterday in the negotiations between Athens and the Troika by threatening with the cancellation of credit to all Greek banks. This measure is meant to force Greece to request another bailout and to continue the vicious circle the ECB has mandated. Frankfurt announced just after 9 p.m. to cut of liquidity to Greek banks beginning next ...Read full article...

The Fed and ECB took West back to Aristocracy

When the former Goldman Sachs executive who runs the European Central Bank (ECB) announced that he was going to print 720 billion euros annually with which to purchase bad debts from the politically connected big banks, the euro sank and the stock market and Swiss franc shot up.  As in the US, quantitative easing (QE) serves to enrich the already rich. It has no other purpose. The well-heeled financial ...Read full article...
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