Category Archives: Banking & Finance

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!
Continue reading Greek Debt Committee Just Declared All Debts "Illegitimate, And Odious"

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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Settlement by 5 Big Banks Consistent With History of Fraud

The $5.7 billion settlement for rigging the already rigged fiat financial institution is just a slap on the wrist for the banksters. The amount will never serve future deterrence for corruption but could easily be considered as part of the cost of doing business.
The penalty is just a mere drop of the $300 trillion Libor bucket.
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BRICS Global Bank Will Open Coffers by Year-End, Coinciding Jesuits' Debt Jubilee

As we have indicated in our previous article, “World Bank & U.S. Companies Ready to Cooperate with BRICS“, the Jesuits are planning to erase all persons’ debt starting December 8th of this year dubbed as the Holy Year of Mercy, a big PR stunt that is sure to lure the Sheeples once again into the caring arms of the Jesuit controlled Vatican Church, aka Roman Empire.
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IMF Lagarde Urges Renewed Crackdown on Bankers' Bonuses

One more indication that the IMF as an institution is now allied with, if not under the full control of the BRICS World Bank, is the renewed call for clampdown on bank CEO bonuses which is like adding insult to injury to an already battered global economy.
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Western Financial Insanity Grips the World

Depending on where you are today, cash is under persistent attack or is already dead. Your pension fund, or your parents’,  is under state-sanctioned robbery, too. The people are starting to realize something very wrong is going on and do want to react, but how?
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China/Iran have jailed/hung bankers but NOT USA!

Both China and Iran have jailed and hung a number of bankers for multi-billion fraud already. The United States has yet to prick the nose of one banker involved in at least $16 Trillion covert bailout scandal that has affected the quality of social services in the country.
Thanks, Karen, for the title 😉
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Iceland’s Economic Revolution

F. William Engdahl  
Icelanders are a proud stubborn people with more than 1200 years of history, rugged Scandinavian stock, living in one of the most beautiful natural areas of our Earth. In 2001 her government made a colossal series of disastrous decisions that resulted in the worst banking crisis in history.
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