Economy Archives July 2012
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Spain’s Unemployment surpasses 24 percent
Spanish unemployment hit its highest level in the second quarter since the country’s return to democracy in the mid-1970s, as firms shed more staff, driven by fears of prolonged recession and a crisis of confidence among consumers.
100 million Americans Poor or near Poverty Line
It’s bad out there. Really bad. As world leaders finally begin to admit that we are smack dab in the middle of another Great Depression and the economy stands at the cusp of another earth-shaking collapse of the financial system, the US census reports that nearly 100 million Americans are now classified as living in poverty or are considered “near poor.”
Spain’s Economy Slows Further and Runs out of Options, says Central Bank
Spain’s economy sank deeper into recession in the second quarter, its central bank said on Monday, as investors spooked by a funding crisis in its regions pushed the country ever closer to a full bailout.
Spanish People Take it to the Streets of Madrid
Spanish police fired rubber bullets and charged protestors in central Madrid early Friday at the end of a huge demonstration against economic crisis measures.
“They want to ruin Spain – and we have to stop them!”
The new austerity plan presented on 11 July by the Spanish Prime Minister, Mariano Rajoy, is an unprecedented blow to workers’ rights, to the unemployed and to civil servants, to the founding principles of our constitution and to democracy itself. The measures will have an impact on society, on the economy and on the labour force, but the government is playing with fire.
Italy ready to beg for a Bailout
The time for handouts doesn’t seem to end in Europe. After ‘solving’ the Spanish problems, the European bankers are now looking forward to ‘rescuing’ Italy from financial disaster.
Spain Complies with Brussels’ Deadly Economic Policies
Mariano Rajoy and his government have provided another sign that they are not about to stop starving Spain through the policies proposed and enforced by the European government, after it agreed to rescue the peninsular nation with some 125 billion in aid.
Trans Pacific Partnership Fascism Disguised as Trade Deal
There is a bold global corporate takeover happening right before our eyes. The Trans Pacific Partnership has been discussed in secret for nearly 3 years and has been disguised as a trade deal when in reality it amounts to a fascist corporate coup where the megacorporations are gaining a tighter grip over individual governments all over the world.
Barack Obama Issues Executive Order to Control Communications Infrastructure
There is little that needs to be added as press when the words are so clear. The Executive Order below calls for the seizing of the communications infrastructure in cases of “crisis”.
Obamacare is Mandated Social Engineering
Retired neurosurgeon, author, lecturer and educator Dr. Russell L. Blaylock gives his expert doctor’s perspective analysis of the unconstitutional Patient Protection and Affordable Care Act.
European Stability Mechanism Spreads to Italy
The European technocracy has set its firm feet in Spain and now the bankers that control the financial institutions that Spain just surrendered to are moving to their next prize: Italy. By accepting the rules set in the latest rescue agreement, Spain, France, Italy and Germany turned into pawn waiting in line to be absorbed by the bankers and now, it is Italy’s time.
Europe’s Unemployment Hits a new High
Unemployment in the 17-country euro currency bloc hit another record in May as the continent teetered on the edge of recession because of its crippling financial crisis, official figures showed Monday.
75% of Obamacare Costs Will Fall on Backs of Those Making Less Than $120K a Year
Stephen Moore, Senior Economics Writer with the Wall Street Journal, told FOX and Friends this morning that nearly 75% of Obamacare costs will fall on the backs of those Americans making less than $120,000 a year.
Less Sovereignty is the Central Bankers Solution for the Crisis
Everyone on the main stream seems to believe that the continuous meetings between European central bankers and government officials are seeking to save the Euro and to help the governments deal with their sovereign debts. The latest agreement between the EU Council and the Prime Ministers of Italy and Spain is an example of how the bankers are in complete control.
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