Category Archives: Financial Crisis

$25 Billion Fine for A $32 Trillion Foreclosure Fraud Proof of Gov’t + Bank Conspiracy

Multiple global banks have been fined “record breaking amounts” for foreclosure fraud and interest rigging, yet when we compare it to the actual damages that should have been awarded to the actual victims of the whole Ponzi scheme it would appear that the so-called “record breaking amounts” are just a trickle in the grand swindle bucket.

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All Stocks Still in Red, Let’s Bomb China Again

Another chemical plant with 300,000 tons of adiponitrile exploded in China at 8:50 PM last night. That’s the second chemical storage to have been blown in a week, and we are asking ourselves why after decades of unprecedented economic progress, they still haven’t learn how to do things properly.

Is that really the case here?

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The Reign of Western Oligarchy is Finally Over

Just recently China devalues its Yuan from the dollar to benefit its exporters while making US products more expensive to import, in addition to the massive unloading of US dollars and US treasury bonds in exchange for gold bars. These actions coupled with that of the Saudis may further weaken the influence of the fiat US dollar worldwide and indeed that’s the whole idea.

Contrary to most expert assessments, China does have the capacity to play with its own currency and in fact, with the whole economy because it can survive by itself without being too dependent on Western markets, but with just a little help from friends in the BRICS Alliance.

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Germany Made 100 Billion Euros from Greek Crisis

Here’s one more proof that the whole financial system is one big swindle.

The paper-based monetary system started with nothing, literally. It came into life just by virtue of an imposed agreement. Played with rosy promises, the whole system was put into action  with deliberately complex layers of paper shuffling and mind-numbing plethora of financial gobbledygook to cover its empty, shallow foundation.

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Europe’s Vindictive Privatization Plan for Greece

Eurozone leaders demanded that Greek public assets be transferred to a Treuhand-like fund – a fire-sale vehicle similar to the one used after the fall of the Berlin Wall to privatize quickly, at great financial loss, and with devastating effects on employment all of the vanishing East German state’s public property.

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We Are Entering a New State of the World Economy

The Schiller Institute and the LaRouche Movement are being listened to by Asian governments and the economic template that they have formulated decades ago is serving as the fundamental outline of the Eurasian Project and the reestablishment of the Silk Road multi-cultural economic sphere.

But it’s not Asia only, or the BRICS in general, that are entering a new sociopolitical and economic phase .

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Germany is the country that’s never repaid its debts

According to pertinent records, only 10% of Greeks debt to the Troika actually went into the national economy, i.e. as much as 90% went to German and French banks.  They were bailing out themselves in 2008 at the cost of the pensions of the elderly, and massive unemployment.

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Inflexible EU Creates Conditions for Russia and China to Act

There is a great probability that even with the resounding NO vote against austerity the EU Vultures will never give away their inflexible position and just let the Greek economy slide deeper into recession. This creates impetus for the BRICS Alliance to come in as it has been itching for the past few weeks before the successful Greferendum.

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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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The Troika Swindlers Are Just Stalling, The British Monarchy is Not

Most of us here have already understood that the whole financial system is rigged down to its core. We understand that the money they conveniently called liquidity are made out of thin air; the only stock in the market that is not subject to speculation is the human resource and the products they produced. The rest are mere pigments of their imagination and have nothing to do with the real economy.

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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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Greece Won’t Pay IMF Dues Today, Declaring Default

This is of course logical since a NO vote is highly expected on the 5th of July, the day of the Greek Referendum on IMF bailout proposal. Besides, even if it wants to, the Greeks are just bleeding long enough it would be impossible for them to pay without collapsing their own economy permanently.

An official declaration of default to the fiat economic system will be announced later today.

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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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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.

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