Category Archives: Banking & Finance

$100B BRICS Monetary Fund to Be Operational in 30 Days

While the Atlantic nations and their allies are covertly negotiating on how to strengthen the Corporatocracy by passing secretive trade agreements that even the puppet lawmakers haven’t read yet or don’t really care to know what’s in them, the BRICS countries have been busy organizing multiple banks with committed funding of $100 billion each, to cater the needs of underdeveloped nations without the usual strings attached.
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Athenian Democracy vs. Neoliberal Gods

Tsipras is, of course, right; he had to call a referendum because the troika had delivered “an ultimatum towards Greek democracy and the Greek people.” Indeed, “an ultimatum at odds with the founding principles and values of Europe.”
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Greek Default: What are the Options?

Do the Greeks deserve to be free from debt slavery?
As harsh as this simple question would be, this actually applies to everyone. The rulers of the world have their own doctrine, i.e. a presumption that people must be ruled before they kill themselves with their freedom.
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The Lies and Deception Known as the European Union

We’ve long known that trade pacts and organized economic blocks are not really instituted for our benefit but for facilitating totalitarian control in its grandest scale, and the recent leaking of the IMF document, emphasizing the futility for Greece to have accepted the Troika’s terms, only proves that sinister objective even more.
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Greece Intends to Become A BRICS Member

After the Greeks say a loud “OXI” come July 5th, Greece might consider Putin’s offer for her to become the newest BRICS member on July 9th as the organization holds its annual meeting in Russia. When that happens, it will be the biggest slap to the European Cabalists as the once beacon of democracy officially pivots to the East.
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Greece Closes Banks 'til Referendum as ECB Flip-flops on ELA

Earlier, the ECB committed to not cutting the ELA funds to the Greek banks. But this has turned out to be a fluke as most of those in the Troika are hell bent on toppling the Tsipras government in much the same way as they imposed sanctions on Russia to topple Vladimir Putin.
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Cabal Markets Plunge as Greeks Scream “We don’t owe, we won’t sell, we won’t pay.”

Stock markets worldwide are plunging just by the virtue of the Greeks’ unwillingness to bite the austerity bullet once more as imposed upon them by the Troika Vulture Funds.
Continue reading Cabal Markets Plunge as Greeks Scream “We don’t owe, we won’t sell, we won’t pay.”

What's Next for Greece?

Pain, heartbreak and then…. Recovery!
That’s from their own Thema news network, and that maybe is where the Greeks are headed after the majority in the Greek Parliament voted to have the Troika bailout terms be put to a national referendum.
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Fiat Financial System's Assured Collapse Sans Greek Contagion

This is a pretty concise and truthful take on the current mufti-layered financial-geopolitical drama centered on the Atlantic economies, and is a very useful addition to what we already know to date.
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Tsipras Gov't Submits EU Bailout "Blackmail" to Nat'l Referendum; Greeks Still Lining Up in ATMs @ 2AM

Greek PM Tsipras just submitted the IMF/ECB/EU’s “humiliating and blackmail” bailout proposal that requires the Greek government to impose VAT as high as 45%, and massive pension cuts that have resulted to the widespread “misery and pillaging” of the country since its debt crisis exploded five years ago, to a national referendum.
Continue reading Tsipras Gov't Submits EU Bailout "Blackmail" to Nat'l Referendum; Greeks Still Lining Up in ATMs @ 2AM

Greek PM Tsipras Capitulates to Fiat Troika Vultures

After five months of melodramatic debt negotiations, it turns the Troika fiat money lenders are better poker players than the current Syriza government in Greece. It decided to bite the bullet, i.e. a six month supply of paper money in exchange of a sizable pension funds and an increase in VAT collections.
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Greek Debt Committee Just Declared All Debts "Illegitimate, And Odious"

In a preliminary move to declaring default, the Greek Debt Committee concluded that all debts to the troika are odious and illegal.
When the default is declared officially it will be the beginning of the end to the single currency union that is the Eurozone.
A few more sleep, folks!
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Texas Takes 1st Step to Secession by Repatriating $1Billion Gold from Federal Reserve

In our previous post, When Empires Fall, a Brazilian journalist arrives at a a bold but not entirely baseless conclusion about how the United States may follow the template of the Soviet collapse in the early 1990s where individual states within the communist union decided to break away from Mother Russia.
The problem for the Americans, and the world at large, is…
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Power of Gold

We were all expecting a grand global announcement of a shift from fiat dollar to gold standard, actually a basket of sovereign currencies backed up by hard assets, e.g. oil, natural gas, copper, silver and gold, and yet, it is turning out not to be the case.
What we are seeing right now is a gradual implementation of that shift.
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Will Europe Survive the Collapse of the Euro System?

Now that the Greeks have shown their resolve not to accept more austerity dictates from the Troika, suddenly, no less than the head of the European Parliament is expressing readiness to “meet Greece halfway” to finally end the the four month long impasse in the Greek-Troika Debt negotiation.
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Greek Banks On Verge Of Total Collapse

The collapse of the Greek economy is fast approaching.
There’s a very high probability that it won’t be able to pay $1.8 billion owed to the IMF this month.
Both Tsipras and Putin are said to be talking about the options in dealing with inevitable possibility of a “Grexit”.
The local banking industry is already heating up from massive withdrawals.
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Greece @ Breaking Point; Grexit Will Trigger ECB Demise

Three days ago, Greece interior ministry admitted it won’t have money to pay its June obligations to the IMF. A sizable $1.8 billion needed to be raised and from the looks of it, nobody in the EU is willing to kick the can one more time.
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Outline of ‘Future of BRICS institutions’

 In the run-up to the 7th BRICS leaders Summit to be hosted by Russia, Foreign Minister Sergey Lavrov will attend an event in Moscow on Saturday to outline priorities for Russia within the group of five.

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AIIB Members Discuss Shareholding & Other Specifics

The $100 billion Asian Infrastructure Investment Bank’s 5th Chief Negotiators’ meeting has ended in Singapore on Friday.
Delegates and representatives from 57 countries which had joined the China-led Bank as founding members have discussed stake-holding, draft of articles and shares in the newly found lender.
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