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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

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...

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...

Global Banking Authority will Open for Business in Europe

Just as advertised, the all mighty global bank has now been announced by European nations in order to save the Eurozone By JUERGEN BAETZ | AP | JUNE 5, 2012 German Chancellor Angela Merkel said Monday that she is open to establishing a European banking authority as a long-term solution to the continent’s financial crisis. Her support as leader of the EU’s biggest economy could be crucial for the concept, which ...Read full article...

Banks Can No Longer Hide the Collapse

By LUIS MIRANDA | THE REAL AGENDA | MAY 16, 2012 It’s been at least four years since the current financial collapse began. Back in 2008, when the crisis was already taking shape, the banks supported by international financial institutions such as the IMF, World Bank, Bank of Europe, Bank of England and the US Federal Reserve did not hesitate to calm everyone down saying that the earliest signs of a global ...Read full article...

Banks Get Ready for Greek Currency Come Back

REUTERS | MAY 11, 2012 Banks are quietly readying themselves to start trading a new Greek currency. Some banks never erased the drachma from their systems after Greeceadopted the euro more than a decade ago and would be ready at the flick of a switch if its debt problems forced it to bring back national banknotes and coins. From the end of the Soviet Union – which spawned currencies such ...Read full article...

17 Million Unemployed in Euro zone

By ROBIN EMMOTT | REUTERS | APRIL 2, 2012 Unemployment in the euro zone reached its highest level in almost 15 years in February, with more than 17 million people out of work, and economists said they expected job office queues to grow even longer later this year. Joblessness in the 17-nation currency zone rose to 10.8 percent – in line with a Reuters poll of economists – and ...Read full article...

Does Germany Intend to Leave the Eurozone?

The Economic Collapse March 12, 2012 For a long time, most analysts have believed that if someone was going to leave the euro, it would be a weak nation such as Greece or Portugal.  But the truth is that financially troubled nations such as Greece and Portugal don’t want to leave the euro.  The leaders of those nations understand that if they leave the euro their economies will totally ...Read full article...
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