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Panic in Financial Markets prompts more Bank and Government Bailouts

The ECB decided yesterday to buy more Spanish securitized private debt or ABS, corporate bonds or mortgage-backed securities and loans of various types, something that had never done before bonuses. Bloomberg spread the news at noon, adding that the entity chaired by Mario Draghi had given the order to buy French mortgage bonds maturing in the short term at Societe Generale and BNP Paribas and various Spanish institutions whose ...Read full article...

Greek Parliament Dismisses Thousands of Government Workers

The Greek parliament has approved 109 items with the arrangements for the dismissal of several thousand employees and a series of fiscal reforms agreed with the troika. The bill received 153 votes, the number corresponding to the sum of the members of the conservative New Democracy and socialist Pasok Parties, the two members that make up the bipartisan government. In an unprecedented initiative, since it involves the dismissal of ...Read full article...

European Central Bank to use fake money for more bailouts

The European Central Bank (ECB) is ready to buy bad debts weighing in Southern countries in an attempt to end the fragmentation in the eurozone and boost funding to the SMEs, as confirmed by the German representative on the board of the entity, Jörg Asmussen . “It’s part of the debate on lending to SMEs,” Asmussen said when asked about the measure, which was conducted by Expansion. The ECB ...Read full article...

Commodity prices drop on week-long sell-off

Gold dropped as much as 6.3 percent on Monday Investors ditched gold along with other commodities from oil to copper after a less-than-forecast growth in China’s gross domestic product in the first quarter stoked doubts about the health of the global economy. This added to last week’s fears of central bank sales from Europe, prompted by a proposed sale of Cyprus bullion holdings, and concerns about a reduction in ...Read full article...

Austerity cripples Portugal

Health inspectors are not doing their job because they have no money to pay for gasoline and tolls, while financial inspectors refuse to work because they have to pay for gasoline out of pocket and do not know if they will get the money back. In some universities, research projects and food for the cafeterias have run out of funding. In the administration of justice “any imponderable” as a ...Read full article...

EU Ministers agree on framework to create New World Order Bank

By LUIS MIRANDA | THE REAL AGENDA | DECEMBER 13, 2012 Ministers of Economy and Finance of the European Union reached an agreement early Thursday on the  legal framework that will allow Europe to create a single banking supervisor. The pact is the first step towards joining the euro zone bank and comes hours before the EU summit on Thursday, which will  ratify the commitment. It is expected that ...Read full article...

IMF presses Euro countries to hand over Sovereignty

By LUIS MIRANDA | THE REAL AGENDA | NOVEMBER 9, 2012 The International Monetary Fund (IMF) has urged countries that are under pressure from markets and high financing costs, including Spain, to seek the help of the European bailout funds to enable the debt purchase program created by the European Central Bank (ECB) to be initiated. “Countries should implement plans to adjust and, if necessary, seek appropriate support from ...Read full article...

The crisis has reached Germany, warns ECB president

By LUIS MIRANDA | THE REAL AGENDA | NOVEMBER 8, 2012 Mario Draghi, the president of the European Central Bank (ECB), said Wednesday that the effects of the crisis are beginning to be felt in the German economy, which until now had remained largely untouched by the difficulties experienced by other European nations. In a statement, Draghi said that Germany had remained somehow unaffected by the crisis and that ...Read full article...

International Banking Mafia Drools over ‘Spanish Prize’

By LUIS MIRANDA | THE REAL AGENDA | SEPTEMBER 19, 2012 The global banking cartel that almost daily proposes the destruction of the nations states is working harder than ever to once and for all conquer Spain. Even before the European Central Bank issued a statement about its openness to bail out Spain, technocrats in Europe were already proposing the looting of the country. Now that the ECB agreed ...Read full article...

Tokyo Injects Fiat Money while Beijing Talks about Bond Attack on Japan

By LUIS MIRANDA | THE REAL AGENDA | SEPTEMBER 19, 2012 The territorial conflict for the Senkaku/Diaoyu islands on the East China Sea have revealed two things in the last few days. First, China’s thirst to defeat its rivals in the region, despite American interventionism. Two, China will not necessarily use military weapons. Instead, it will use its economic might. While the Japanese Central Bank announced it will follow ...Read full article...

All Power to Brussels and the European Central Bank

By LUIS MIRANDA | THE REAL AGENDA | SEPTEMBER 12, 2012 A great complement to the decision to enable the European Stability Mechanism could materialize if the government in Brussels gets its way. The European government is now proposing that the European Central Bank should control all banking institutions in the EU. The European Commission wants the ECB to have the power to close or punish banks that do ...Read full article...

European Leaders Negotiate How to Collapse Europe

Herman van Rompuy Calls for less sovereignty for remaining nation-states. By LUIS MIRANDA | THE REAL AGENDA | SEPTEMBER 9, 2012 Flashback: Herman van Rompuy, President of the European Union: “Homogenous Nation States are Dead”. The collapse of the Euro and the European Union is not a result of the financial crisis created by the bankers. In fact, the crisis was created as a way to justify the banker acquisition of ...Read full article...

Draghi brings in the ‘goodies’ to capture Spain and Italy

By LUIS MIRANDA | THE REAL AGENDA | SEPTEMBER 7, 2012 Mario ‘Super Mario‘ Draghi has unloaded his bag of goodies after the European Central Bank agreed to acquire the European continent. The line of states begging for a ‘rescue’ is headed by Spain and Italy, with Portugal and France waiting on the wings. The European Central Bank announced the already expected purchase of sovereign debt to keep the ...Read full article...

European Central Bank will decide to become — or not — The Bank of the Euro

By LUIS MIRANDA | THE REAL AGENDA | SEPTEMBER 3, 2012 September promises to be a decisive month for the Euro zone. It is expected that the European Central Bank will decide to become the Euro’s grand daddy and it also may be the time when Spain will be handed over to the bankers. At this point, the second outcome seems a sure thing, while the first has found ...Read full article...
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