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Economy

European Banksters are afraid of Yanis Varoufakis

The former Greek Finance Minister resigned because the Troika is not confortable with him in the room. The Greek Finance Minister, Yanis Varoufakis, announced Monday his resignation because he believes that this can help the government to reach an agreement with the European institutions, hours after the victory of the ‘no’ in the referendum. Varoufakis, who said he would resign if the YES won on Sunday’s referendum met on ...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...

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...

Big Food: Kicking, Screaming, and Losing Lots of Money

A red flag sign of an emotionally abusive relationship is when the abuser goes to great lengths to make the abused party seem “crazy” or “ridiculous.” This is actually just an attempt to maintain power in the relationship and the behavior worsens when they sense that their victim is breaking free. They humiliate, demean, and “tease” the victim in an effort to remain in control.  This is the classic pattern ...Read full article...

Rule By The Corporations

TTIP: The Corporate Empowerment Act The Transatlantic and Transpacific Trade and Investment Partnerships have nothing to do with free trade. “Free trade” is used as a disguise to hide the power these agreements give to corporations to use law suits to overturn sovereign laws of nations that regulate pollution, food safety, GMOs, and minimum wages. The first thing to understand is that these so-called “partnerships” are not laws written ...Read full article...

The Socialist party is over in Brazil

The Brazilian gravy train has stopped to a halt as Dilma Rousseff announces a R$ 70 billion cut in government spending. The government of President Dilma Rousseff of the Workers Party (PT), will make an adjustment of 70 billion reais in 2015. The measure is aimed, Dilma says, at adjusting government expenses but that economy experts believe are more of a sign to reassure markets. The figures of the ...Read full article...

Heading Toward Financial Maidan in Ukraine?

Ukraine’s economy is a sinkhole of economic Depression. It’s teetering toward collapse. Its Q I GDP plunged 17.6% year-over-year. It’s down 6.1% from Q IV 2014. Ten of the last 11 quarters saw economic contraction. Kiev depends on outside aid to keep operating. Inflation is out-of-control. The Financial Times reported it reaching 61% in April. Its hryvnia currency is headed toward becoming worthless toilet paper. It’s worth less than ...Read full article...

Banks buy their way out of Currency Manipulation Scandal

It is the second reprimand in less than six months against five major multinational banks for currency manipulation. The Department of Justice of United States and the Federal Reserve closed a deal with five of the largest banks in the world, which will be fined $ 5.7 billion dollars for having manipulated currency exchange rates for five years. It is the second reprimand derived from in less than six ...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...

Eurozone didn’t allow Greece to bankrupt in 2010

French and German banks were weakened due to their heavy investment in Greek debt. According to the documentary titled “On the Trail of the Troika“, the euro states prevented Greece from going bankrupt in order to protect German and French banks. Those banks, research shows, were exposed to almost €40 billion in Greek debt and were afraid to lose the money. Not only did Germany and France not allow Greece to ...Read full article...

Corruption and Poverty govern over Latin America

Corruption is the great plague that invades many countries in Latin America and the world. It will be perceived more and more as the threat of economic crisis looms, which will cause even greater rejection of corrupt practices. Social and economic developments in Latin America over the past decade have failed to circumvent a harsh reality: 40% of the population is in vulnerable conditions. That is, the risk of ...Read full article...

BRICS and the Fiction of “De-Dollarization”

The financial media as well as segments of the alternative media are pointing to a possible weakening of the US dollar as a global trading currency resulting from the BRICS (Brazil, Russia, India, China, South Africa) initiative.  One of the central arguments in this debate on competing World currencies hinges on the BRICS initiative to create a development bank which, according to analysts, challenges the hegemony of Wall Street and ...Read full article...

Germany Pre-approves Fracking

The German Council of Ministers approved a bill that allows the extraction of unconventional hydrocarbons with the technique of hydraulic fracturing. The government will allow fracking to take place beginning in 2016, and says that the process of poisoning water and soil will have “strict limits”. According to the bill, the plan to authorize the use of this system for the extraction of oil and gas will be effective ...Read full article...