ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Apr 01 08:34

Greek FinMin: "Greece Will Adopt the Bitcoin If Eurogroup Doesn't Give Us A Deal"

While Greece’s lenders are pushing the Greek government to accept their terms in order to allocate funds so the country will not go bankrupt, Greek Finance Minister Yanis Varoufakis seems to have another ace up his sleeve. The second top thinker in the world according to prospect magazine surprised even his closest aids at a secret meeting when he said “We ‘ve had enough, we ‘ll run on Bitcoin.”

Sources very closed to Greece’s minister of finance told Greek Reporter that today Yanis Varoufakis held a top secret meeting with high-ranking finance ministry officials to prepare them in case negotiations at the upcoming Eurogroup fail. The anonymous source noted that everybody in the room was staring at each other when Varoufakis – also a prominent blogger – said “We ‘ll go to Bitcoin, we will be ahead of all the world economies and although it may be painful in the beginning, Greece’s economy will thrive in the long term.”

WEBMASTER ADDITION: This is an April Fool's Day joke.

Apr 01 08:28

Corporatism 101

Regular readers of this Corporatocracy series should have a firm grasp on the concept of Corporatism

Apr 01 07:55

The Economic Collapse Is Getting Closer And The U.S. Gov. Is Getting Ready

Apr 01 07:23

This US State is on the Verge of a Silver & Gold Revolution!

First though, a short bit of background. In 2011, Utah became the first State to take a step towards constitutional money again, when Governor Gary Herbert signed legislation removing all state sales taxes on gold and silver purchases, and declared bullion to be legal tender. Many other states soon followed suit, including: Louisiana, Oklahoma, and Texas, to name a few. Other states can be checked at statelegaltender.com.

Webmaster's Commentary: 

And oddly enough, many of these are the states being targeted for Jade Helm this summer!

Apr 01 07:21

Thailand, International Oil, and the Future of Energy

Tony Cartalucci
Activist Post

The Southeast Asian nation of Thailand is currently wrestling with a particularly contentious issue involving international oil concessions. In essence, foreign oil monopolies, particularly Western corporations including Exxon, Chevron, and British Petroleum (BP) have been given access to Thailand’s oil and natural gas supplies, to explore, develop, and exploit for billions in profits year to year.

Much of this money, it is alleged, ends up leaving the country. What remains is often divided up amongst a handful of special interests leaving little if anything at all left for the actual people and nation that has provided this vast source of energy and riches...

Apr 01 07:20

China Gloats

As of 6 p.m. Tuesday, a total of 46 countries had applied to be founding members of #AIIB. Founding membership will be finalized on April 15

And while Washington has proclaimed Russia as "isolated", we wonder what the AIIB applications makes America?

Apr 01 07:09

Updated: ADP Shows 189K Private Sector Jobs Created In March

U.S. companies further slowed the pace of hiring in March, falling below 200,000 jobs, according to the latest employment data released by payrolls processor ADP Wednesday.

Apr 01 06:52

World Gold Reserves May Run out in 20 Years

Recently, Goldman Sachs came out with a new prediction for the gold mining industry. With new gold discoveries on the decline, it appears that there may only be about 20 years worth of known reserves left to mine, and that gold production may hit its peak this year.

Apr 01 04:54

U.S. Asian, European "Allies" Pivot away from Washington

President Barack Obama’s much-heralded «Pivot to Asia» lies in tatters as European and Asian «allies» of the United States march away from the heavily U.S.-influenced Asian Development Bank (ADB) and International Monetary Fund (IMF), as well as the American-led World Bank, to join China’s Asian Infrastructure Investment Bank (AIIB).

Mar 31 20:33

Australia to Start Taxing Bank Deposits

Mar 31 20:22

The Stock Market In 2015 Is Starting To Look Remarkably Similar To The Stock Market In 2008

Are we watching a replay of the last financial crisis? Over the past six months, the price of oil has collapsed, the U.S. dollar has soared, and a whole bunch of other patterns that we witnessed just before the stock market crash of 2008 are repeating once again.

Mar 31 16:02

BIGGEST CASH HOARDERS ON EARTH

n/a
Mar 31 14:45

Gold In Fed Vault Drops Under 6,000 Tons For The First Time, After 10th Consecutive Month Of Redemptions

Two months ago, when looking at the most recent physical gold withdrawal numbers reported by the Fed, we observed something peculiar: between the publicly reported surprise redemption by the Netherlands (122 tons) and the just as surprise redemption by the Bundesbank (85 tons), at least 207 tons of gold should have vacated the NY Fed’s gold vault.

Instead, the Fed reported that in all of 2014 “only” 177 tons of gold were shipped out of the massive gold vault located 90 feet below 33 Liberty Street.

Mar 31 14:04

5 Charts Which Show That the Next Economic Crash Is Dead Ahead

Some people would have you believe that nobody can anticipate the next great economic downturn and that to try to do so is just an exercise in “guesswork”. But that is not the case at all.

Mar 31 13:33

BILLIONS BLOWN IN AFGHANISTAN RECONSTRUCTION

After routing the Taliban in Afghanistan in 2001, the U.S. government began a now 13-year effort to stabilize and develop the country. It has cost taxpayers billions — and some say, achieved little. These stories examine the waste and problems plaguing U.S. reconstruction efforts that, despite the end of combat, will continue to cost billions — even as our military presence shrinks.

Mar 31 12:40

TPP Opponents Mobilize as Powerful Forces Seek to Ram Through 'Fast Track' Trade Authority

Lawmakers in favor of the pro-corporate trade deals hope to vote on Fast Track legislation in mid-April.

Mar 31 12:32

How to Make the Decision Between Buying or Renting

If the recent housing crash taught us anything, it’s that buying property isn’t right for everyone.

n/a
Mar 31 11:51

US wages wars for its corporations, such as Halliburton

An American antiwar activist in Chicago says corporations, such as Halliburton Company, are running the United States and the country is waging devastating wars to secure these companies' global interests.

Mar 31 11:48

Rickards’ economics predictions for 2015

n/a
Mar 31 11:09

For the Fed, inflation is way off target.

Mar 31 10:55

Central bank cuts downpayment rate in China to 40pc

China's central bank lowered the minimum downpayment levels on second homes nationwide, scrapping a key policy originally aimed at controlling housing prices.
The People's Bank of China, the central bank, said the minimum deposit for individuals buying additional housing would be set at 40 percent, according to a statement on its website.
The level was previously 60 to 70 percent, Xinhua said.
The PBoC said the move was aimed at “supporting residents' home ownership and improving housing demand.’’

(*Contrasting the intimidation technique of the loss of home ownership , currently being proudly boasted by The City Of Detroit Michigan , U.S.A)

n/a
Mar 31 10:45

Hundreds Hope To Avoid Foreclosure

Hundreds hope to avoid home foreclosure in Wayne County

Detroit — Several hundred property owners showed up Tuesday morning at the Wayne County Treasurer’s office to meet the deadline to pay property taxes and avoid foreclosure.

Treasurer Raymond Wojtowicz is pursuing a record number of foreclosures this year and activists have called for him to enact a moratorium to prevent potentially thousands of people from losing their homes.

Mar 31 10:17

Who Spies for Israel in Washington’s Nuclear Negotiations?

All those Zionist ‘wise-guys’ of both genders, who think they have been so clever using their high office to serve Israel, are fooling themselves. More and more citizens are becoming aware that Israel’s espionage, its dictates to the US Congress and its manipulation of Executive powers are harming America. At the present, highly placed Zionist officials hold sway over the Obama Cabinet, but in the future they may find themselves facing charges of being agents of a foreign power, and a threat to US national security. They may find themselves sharing a cell block with Jonathan Pollard!

Mar 31 09:09

Celente: The Republicans and Democrats are thieves and murderers

As for our elected “representatives”, the Republicans and Democrats, Gerald says, “They’re murderers and thieves

Mar 31 09:02

The Rise of the Working Poor and the Non-Working Rich

Many believe that poor people deserve to be poor because they’re lazy. As Speaker John Boehner has said, the poor have a notion that “I really don’t have to work. I don’t really want to do this. I think I’d rather just sit around.”

n/a
Mar 31 08:33

Measures Warn Of Rising Recession Risks

Mar 31 08:03

Sanders: Stand Up to Wall Street, Break Up Big Banks

Speaking last night at the Commonwealth Club of California, U.S. Sen. Bernie Sanders (I-Vt.) said it is time to break up “too-big-to-fail” Wall Street banks that have grown larger and more powerful since taxpayers bailed them out after the 2008 financial collapse.

Mar 31 06:03

5 Charts Which Show That The Next Economic Crash Is Dead Ahead

When an economic crisis is coming, there are usually certain indicators that appear in advance. For example, commodity prices usually start to plunge before a recession begins.

Mar 30 19:51

0% inflation? Not if you pay council tax or use water: Families face raft of price rises

Families face a raft of price hikes from this week on everything from the cost of a bath to prescription medicines.

Advice organisations fear consumers could be lulled into a ‘false sense of security’ by the current Consumer Price Index ‘zero’ measure of inflation and fail to budget for the coming rises.

Increases are due in council tax, water bills, vehicle exise duty, NHS charges, stamps and even Sky television packages.

Translation: the official rate of inflation in the UK is BX

Mar 30 18:51

Our national debt is a "ticking time bomb."

Mar 30 15:19

All Aboard the De-Dollarization Bullet Train!

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA