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Spain’s Public Debt Overcomes GDP

Spain’s public debt reached an all-time high in June, almost 1.2 billion euros, which is equivalent to 100.9% of GDP, according to the latest data released Wednesday by the Bank of Spain. Specifically, in June public debt added 18.5 billion euros, an amount that has exceeded the level of one hundred percent of GDP for the third time since early 2015. Public debt reached 100% of GDP in the ...Read full article...

Spain taps into Reserves to pay for Social Security Obligations

Reserves will disappear in 2017 if no solution is found to the deficit. The government of Spain had to resort to its reserves to pay for Social Security and pensions for the month of July. It had to take 8,7 billion euros from the Reserve Fund, the largest one-time withdrawal to date. Following this transaction,  there are only 25,17 billion euros saved, the equivalent to 2.33% of GDP. At ...Read full article...

The Collapse of Western Democracy

Corporations want more profit and regard regulations and laws that benefit people as barriers to higher profitability. Democracy no longer exists in the West. In the US powerful private interest groups, such as the military-security complex, Wall Street, the Israel Lobby, agribusiness and the extractive industries of energy, timber and mining, have long exercised more control over government than the people. But now even the semblance of democracy has ...Read full article...

Varoufakis: Fight against the Establishment is now in Spain

After his country’s government surrendered to the Troika and Brussels, in what has been one of the clearest examples of betrayal by Greek Prime Minister, Alexis Tsipras, former Finance Minister, Yanis Varoufakis understands that combating centralized control of politics and finance in Europe is still far from over. Varoufakis has already identified the next battleground, where the next fight between corporate control and those who wish to have sovereignty and ...Read full article...

Are You Safe from the War on Cash?

Governments are waging a war on cash as part of their total control agenda. Although you won’t hear it in the mainstream media, many world governments want to eliminate paper cash. Governments hate paper cash because it’s hard to track. Electronic payments through banks are much easier to monitor and record. Nick Giambruno, editor of Crisis Speculator, has been following this trend closely. The War on Cash is a favorite ...Read full article...

The Dark Dancers

The north-western Galicia region in Spain is the top entry point for cocaine into Europe. Despite preventative measures, the number of drug addicts in this region is still growing and the fight against drug addiction is disappointing. El Pazo Bayón, located in Vilanova de Arousa, has become the symbol of mothers combating drugs. This building once belonged to Laureano Uviña, one of the most infamous drug kingpins in 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...

Brussels imposes illegal immigration quotas on Member-States

Powerful European technocrats will continue bombing Africa and the Middle East while mandating that member-States welcome war refugees. No one likes having uninvited guests in their house, especially when someone else is dictating that you must have them over for an indefinite time. In Europe, however, that is exactly what the unelected technocrats are demanding member-States do. The response that European leaders have given to the drama of massive ...Read full article...

Optimism grows about the global economy

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 engaged in wars all over the world and a group of emerging markets with stagnated economies, only a member of the banking or financial industry could see the present as a good omen for the future. In contrast to reality ...Read full article...

United States in panic about Ebola

While the border controls are non-existent and people come and go from Ebola stricken countries With the arrival of Ashoka Mukpo to a hospital in Nebraska, and a total of five Americans repatriated from Africa after contracting Ebola, the United States is in the early stages of panic about the disease. The small group of Americans who are allegedly sick with Ebola have now joined Eric Thomas Duncan, a Liberian ...Read full article...

Spain is in Debt up to its Eyeballs

Spain‘s debt with the world reached 1.4 billion dollars or 1.1 billion euros in 2013, making it the second most indebted country in the world after the United States, as recorded by the International Monetary Fund (IMF) in the fourth chapter of the new edition of its report ‘Global Economic Prospects‘. The negative balance of 1.1 billion euros that includes net foreign assets of Spain is second only to the ...Read full article...

Social Gap to Widen and Extreme Poverty to Rise in Spain

More poverty, more inequality, more job insecurity, more youthful emigration, less social protection, a considerable reduction of the real incomes of households and a collapse of the lowest incomes. This is the panorama that is envisioned by a new assessment in Spain. In summary, the country will experience a widening social gap and extreme poverty. The conclusions came from a meeting of experts who gathered at the Queen Sofia ...Read full article...

Spain, Italy and other European nations to be raided to save Euro

It is in their blood. Bankers are born believing they can risk people’s assets and then come back to ask for financial rescues to pay for the losses that weren’t even theirs. What are the real chances that the European Union applies the same medicine to other members nations in an effort to ‘save’ the Euro? According to Jeroen Dijsselbloem, the Dutch chairman of the eurozone, more looting is ...Read full article...

Spain will also investigate the health threats of Bayer’s Diane 35 drug

By LUIS MIRANDA | THE REAL AGENDA | JANUARY 31, 2013 Yesterday, the French National Agency for the Safety of Medicines (MSNA) announced it decided to suspend the sale of Diane 35, a drug that is prescribed to combat acne, but that is also provided as contraceptive pill. The agency made the decision to issue such suspension after four women died mysteriously after using the drug. As explained by ...Read full article...

The Immorality Crisis not lack of Transparency caused the Financial Collapse

By LUIS MIRANDA | THE REAL AGENDA | DECEMBER 5, 2012 The European Union countries most affected by the global economic and financial collapse are also some of the most corrupt. But the highest levels of immorality and corruption are not seen at the national level, but on the international stage. A recent publication by Transparency International which assesses the perception of corruption through a well established index, calls the results “disappointing” ...Read full article...
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