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Survival or Extinction: The Power of Money

(PART ONE: LIFE OR DEATH; PART TWO: FOLLOW THE MONEY; PART THREE: NEED NOT GREED; PART FOUR: TAMING THE WOLVES; PART FIVE: DISCARD ME NOT; PART SIX: HEAD AND HAND) Don’t be intimidated by the economic content of this article, about which you think you know little.  Economists hide very simple concepts behind fancy words to obscure the facts and monopolize knowledge so as to be able to advance ...Read full article...

Europeans still expect the worst of the crisis to come

Most Europeans believe that the crisis will worsen next year. Despite the official message that economies clearly begin to grow next year, people still believe that the worst is yet to come, according to a European survey conducted in April by Ipsos and Publicis. At the head of pessimism are the French with 73% of them who believe things will get worse and, paradoxically, the Spanish are the most ...Read full article...

Spanish Government makes official the Looting of Pension Funds

By LUIS MIRANDA | THE REAL AGENDA | SEPTEMBER 29, 2012 It did not take too long for the Spanish government to dip into the rapidly disappearing pension fund reserves. After presenting its 2013 budget, the Finance Minister Cristobal Montoro announced that the government led by Mariano Rajoy will make use of Social Security, retirement and other supplemental funds to help with the liquidity problems the central government faces ...Read full article...

The ‘Spanish Autumn’ Begins now

By LUIS MIRANDA | THE REAL AGENDA | SEPTEMBER 26, 2012 The ‘Spanish autumn’ is here. The same pictures we saw months ago in Greece and Portugal, are now popping up in Madrid. The Spanish people went out by the thousands on Tuesday to tell their government they are angry and that the people cannot take it anymore. Spain is being pushed to the limit and unfortunately it is ...Read full article...

German Court Greenlights European Stability Mechanism

By LUIS MIRANDA | THE REAL AGENDA | SEPTEMBER 12, 2012 The constitutional court in Karlsruhe has decided that the German participation in the permanent mechanism for bailing out European nations is totally legitimate, but that their participation is limited to 190,000 million euros. As expected, the German Constitutional Court on Wednesday approved the German participation in the European Stability Mechanism (ESM). The only condition is that Germany will ...Read full article...

France announces tax increases to collect € 33,000 million

By LUIS MIRANDA | THE REAL AGENDA | SEPTEMBER 10, 2012 The President of France, François Hollande, announced at last night a new plan to increase government revenue by 33,000 million euros, the highest increase of the last decades. Most of the money the government intends to collect will come from taxes increases, which will render between 15,000 and 20,000 million. Hollande spoke last week about his plan to “reduce the deficit to 3 percent by the end of ...Read full article...

How Long Will the Dollar Remain the World’s Reserve Currency?

RON PAUL | THE REAL AGENDA | SEPTEMBER 4, 2012 We frequently hear the financial press refer to the U.S. dollar as the “world’s reserve currency,” implying that our dollar will always retain its value in an ever shifting world economy. But this is a dangerous and mistaken assumption. Since August 15, 1971, when President Nixon closed the gold window and refused to pay out any of our remaining ...Read full article...

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

p5rn7vb 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 ...Read full article...

Merkel and Hollande want Greece Destruction to Remain on Schedule

Both Merkel’s and Holland’s stances are that Greece must suffer the pain related to being owned by European banksters. The PM’s have said they won’t move a muscle to easy the destruction and consolidation of the mediterranean country. By STEPHEN BROWN | REUTERS | AUGUST 24, 2012 Angela Merkel and Francois Hollande presented a united front towards Greece on Thursday, telling Athens it should not expect leeway on its ...Read full article...

Spain: Tax us all to Save the Euro

The government in Madrid officially calls for bailout, but refrains from calling it so. By IAN TRAYNOR | UK GUARDIAN | JUNE 7, 2012 Spain is warning that Europe‘s single currency will unravel unless its leaders decide within weeks to centralise budget and tax policies in the eurozone and agree on a strategy to pool responsibility for failing banks. As Spain’s prime minister, Mariano Rajoy, came under mounting international pressure to accept ...Read full article...
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