ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Feb 18 12:24

WALMART COLLAPSE! WARREN BUFFET JUST DROVE A STAKE THROUGH THE HEART OF WALMART, THEY’RE GOING DOWN!

Investor Warren Buffett has sold off 89 percent of his shares of Walmart as the giant retailer fights Amazon for a share of the e-commerce market. Buffett’s Berkshire Hathaway announced Tuesday that it had sold off $900 million of Walmart stock as it invested elsewhere.

Feb 18 10:28

Andrew Hoffman – Everything is Going Down!

Feb 18 08:44

America Too Broke to Fix Crumbling Infrastructure? “Bridges, Roads, Airports In Long Term Collapse”

It is certainly solid to suggest that the entire national infrastructure is in bad need of an overhaul. Bridges, roads, tunnels, sewage, water pipes, the electric grid and more are corroded, toxic, faulty and blemishes. They reflect the vibrance and prosperity of the country, and it is no surprise to find the worst cases of these failing public works in some of the most economically depressed areas of the country, with high unemployment, and in the big cities where too many people are crammed together and overflowing the various utilities and roadways.

Feb 18 08:21

Why Are Your Payroll Taxes So High?

Did you know the government deducts money out of every paycheck you get? Do you know where that money goes? Watch this short video on payroll taxes to learn more.

Feb 18 07:49

European Union as NATO’s Auxiliary Economic Alliance

In a recent interview, Donald Trump has praised Britain for opting out of the European Union and called it a smart move. Moreover, he also said that the NATO military alliance is obsolete and it needs reform. In order to understand his remarks, we should keep in mind that both NATO and EU were conceived during the Cold War to offset the influence of the Soviet Union in Europe. Therefore it is not a coincidence then that the Soviet Union was dissolved in December 1991 and the Maastricht Treaty that further consolidated the European Community and laid the foundations of the European Union was signed in February 1992.

Feb 18 07:31

This once prosperous Greek builder is now living in a shack as his country’s economy collapses under the weight of German diktats and a never ending tide of migrants, says SUE REID 

‘We don’t like Mrs Merkel or Mr Juncker,’ he says with fervour. ‘We are better out of the Euro and Europe. I congratulate Britain for voting Brexit, closing borders, and hope we do the same thing because it will be better for us.’ His sentiment is shared by many Greeks.

Feb 18 07:20

Hitler's American Business Partners

Feb 17 16:48

Here are the Top “Sell Markets” in an Overpriced World as “the Apartment Cycle Draws Closer and Closer to the End”

Commercial Property Bust to hit Multifamily Rentals in San Francisco & New York, the Most Expensive Markets in the World

Feb 17 13:56

Whatever Happened to Inflation after All This Money Printing? It Has Arrived!

Workers, bondholders, savers get sacked. So what would Yellen do?

Feb 17 13:00

Greek Bank Runs Begin Again, Bankers Go On Alert

The people of Greece are nervous and they are making a run on the banking system to get their currency out of the banks. The unemployment rate in France has gone nowhere since 2013.

Feb 17 12:57

Greece Under Continuous Siege: Syriza's Disastrous Political Stance

It’s been seven years since the outbreak of the Greek debt crisis, yet Greece — the country that gave birth to democracy — is still stuck in a vicious cycle of debt, austerity and high unemployment. Three consecutive bailout programs have deprived the nation of its fiscal sovereignty, transferred many of its publicly owned assets and resources into private hands (virtually all of foreign origin), produced the collapse of the public health care system, slashed wages, salaries and pensions by as much as 50 percent, and led to a massive exodus of its skilled and educated labor force.

Feb 17 11:43

Bear Markets + World Trade = Bad Outcomes?

We've all seen the negative political headlines from across the planet. If you're an investor, you have to wonder: What does it all mean for world trade and global markets?

Feb 17 11:36

Is oil on the verge of a big decline?

Feb 17 11:36

Five Charts That Hint Towards The Lurking Risks In China’s Economic Stabilization

China bears haven’t been dissuaded by its 6.7 percent full-year growth as there are so many clouds circulating around this high growth indicator.

Feb 17 11:20

BILL GATES WANTS TO TAX ROBOTS JUST LIKE HUMANS

Feb 17 10:47

“Seriously Delinquent” Auto Loans Surge

Bank regulators have been warning, now it’s happen

Feb 17 10:22

THE EU IS FINISHED! WHAT THESE ECONOMISTS PREDICT SPELLS CERTAIN DOOM FOR THE EURO

European Union nations are plummeting further into debt, amid angry protests and calls for reform, but the Union continues to push for the joint monetary union. Now, economists have suggested it is already too late to save the failing monetary union – which will "almost surely fail".

Feb 17 10:02

Is This What They Mean By “Crack-Up Boom”?

In 1980, the US government – along with pretty much all of its peers – began borrowing at an accelerating rate.

Feb 17 09:57

GERMANY REPATRIATES GOLD QUICKER THAN PLANNED - Global Chaos / Economic Collapse Coming?

An official announcement last week that the Bundesbank had pretty much repatriated half its gold reserves ahead of schedule has once again sent the rumor mill into overdrive.

Feb 17 09:57

To Stop Trump Globalists Plan Economic Collapse

The globalists are desperate, Donald Trump undoing everything they've worked for and they're willing to do anything to stop him.

Feb 17 09:35

Why Bubbles In Optimism Can Be Dangerous?

Bubbles in any economy are signals of eventual doom. Bubble signals from optimism have far bigger consequences.

Feb 17 08:57

Russia to clear entire Soviet debt by year-end

Moscow will pay off the balance of the debt inherited from the Soviet Union this year, Izvestia daily reports, quoting sources in the Russian Ministry of Finance.

Feb 17 08:42

Every Citizen Should Own 3.5 Ounces of Gold Bullion – Central Bank

The Governor of the Central bank of Kyrgyzstan has told Bloomberg News in an interview that it is his “dream” for every citizen in his country to own at least 100 grams (3.5 ounces) of gold as a way to protect their savings.

Feb 17 08:08

Are We In For A Stock Market Correction As The Euphoria Is Reaching Its Peak Ahead Of A Market Top

Ever since President Trump has taken oath of the office, investors have been pushing major stock indexes to record highs on the bet that new administration will roll back financial regulations, cut taxes, and increase fiscal spending, all of which could help boost profits in corporate America.

Feb 17 07:48

The Houston Real Estate Market Crisis

Feb 17 07:34

Should You Continue To Invest In Gold

Feb 17 06:41

Strong Indicators That A Great Financial Collapse Is Waiting To Happen

Global economic changes and policy makeovers at home could be signaling turmoil for the US economy.

Feb 16 23:57

Armed Woman Robs Washington Convenience Store With AR-15

She looked like a pro, although police note that "the rifle did not have a magazine in it and it did not have the stock attached."

Feb 16 19:56

A Bloodbath Looms Over Oil Markets

Oil prices have traded reliably in the $50s per barrel since OPEC agreed to cut production last November, but having failed to break through a ceiling in the upper-$50s, crude prices are in danger of falling back again.

Feb 16 19:38

Failing Companies Due to Failed Liberal Politics

(don't forget to include Macys, Sears, T J Maxx, Marshalls, Burlington and Belk to the list of anti-Trump companies - companies that have declared war against a duly elected President, elected by a majority of their potential customers'.)

Recently, the profits of no less than four major, public American companies have been significantly affected by the politics of the firms, which have led to consumer backlash against them, particularly amongst conservative voters.

Kellogg’s, Target, Nordstrom’s and Twitter all have seen profits decrease and in some cases physical locations close because consumers have angrily responded to official company policies and political stances.

Twitter

Feb 16 17:11

Greece To Appoint Rothschild As Debt Adviser

Greece has decided to call in Rothschild, one of the oldest financial firms in the world, to help advise the country on its debts, help end a long-running creditor stand-off and avert default.

Feb 16 15:14

Fed Frets about Commercial Real Estate Bubble & its $2 Trillion in Loans Mostly at “Smaller Banks”

Fear of “waiting too long” or of “having already waited too long?”

Feb 16 14:56

Trump signs repeal of Obama-era coal mining 'stream protection rule'

President Donald Trump has signed his second repeal of Obama-era regulation, this time concerning coal mining near waterways. Republicans voted to overturn the "stream protection rule" earlier this month.

Feb 16 14:45

FLASHBACK: Billionaire George Soros warms up to coal as stock prices hit bottom

Billionaire investor George Soros, who has demonized fossil fuels for years through his think tanks and political contributions, seems to have warmed up to Big Coal now that stocks are dirt cheap.

The left-wing hedge fund legend has raised eyebrows with major purchases of stock in two large coal companies, firms his critics say he helped bring to their knees. While buying low is the hallmark of any shrewd investor, buying coal goes against the political and environmental ideology Soros has long espoused.

Feb 16 13:35

This is What Happens to Inflation when a Currency Gets Unpegged from the Dollar

The “supply shock” in Egypt

Feb 16 12:21

DON’T MESS WITH TRUMP! LOOK WHAT HAPPENED TO MACY’S AFTER THEY ATTACKED TRUMP…

Paris Swade for Liberty Writers reports, Macy’s is falling apart. It’s kind of sad, but not that sad because they made the dumb decision to attack Trump and to go political.

Feb 16 11:35

WIKILEAKS: STRATEGY TO CREATE A NEW GLOBALIST LEGAL AND ECONOMIC SYSTEM – TPP, TTIP, TISA

Many of us breathed a sigh of relief when, within hours of taking office, Donald Trump withdrew the US from the Transpacific Partnership (TPP) by Executive Order, even though the Bill was not expected to pass a vote in Congress. The terms of the agreement were not made public (except for a portion leaked by WikiLeaks) but the general consensus is that it represented a corporate takeover of the member nations’ governments, like a global European Union. There’s actually a name for that. It’s called the New World Order.

While this action was seen by Trump supporters as both a rapid and welcome fulfillment of a campaign promise and an action which should have pleased partisans on both sides of the aisle, the TPP having been a major cause of Progressive groups, like Fight for the Future there are now some people voicing concerns that its replacement, the Trade in Services Agreement (TiSA) is swooping in to replace the TPP.

Feb 16 11:12

Former IHOP Restaurant Repurposed as Clubhouse for Homeless

In this video I show a former IHOP restaurant which until recently was vacant. This IHOP restaurant was closed in April of 2016. It is located in Hudson Florida, the restaurant property sits next to a Kmart parking lot. The restaurant is now being used a clubhouse/hangout for some of the local homeless people....

https://www.youtube.com/watch?v=CYxQN-brWgQ&feature=youtu.be

Feb 16 10:58

Janet Yellen Just Revealed Something Huge But No One Is Listening

Mortgage delinquencies are on the rise. Corporate media reporting that retail are incredible in January, gas prices increased and inflation moved higher. Consumer prices surge at the fastest pace in 5 years.

Feb 16 10:45

United States Economic Freedom Tumbles To Historic Low

After eight years of the regulation-happy Obama administration, the United States has undergone a huge slide into the 17th most economically free country in the world, according to the Heritage Foundation’s 2017 Index of Economic Freedom.

Feb 16 10:38

The TPP Has Been Rewritten, Shrouded In Secrecy & Is Worse Than Before

Euro zone has been revised and the economy is not doing as well as it has been reported. American CEO's have never been more optimistic.

Feb 16 10:28

'We're powerless' EU says it can't make states adopt CETA and Wallonia could sink it AGAIN

BRUSSELS today admitted it cannot force member states to adopt its landmark trade pact with Canada as the tiny Belgian region of Wallonia threatened to try and scupper the deal for a second time.

Eurocrats conceded they “can’t interfere” and attempt to railroad through CETA, which still faces an uncertain future despite being approved by MEPs following a fractious vote in the Strasbourg parliament yesterday.

Europe’s elite reacted with relief yesterday as they squeezed through the pact despite intense opposition from politicians across the continent who fear it will hand big US corporations too much power.

Feb 16 10:22

Gold Continues Its March Higher. Can The Precious Metal Keep The Momentum Going

Hedge funds longs in gold, gold ETFs, gold futures, and the gold miners have suddenly shot up to new all-time highs. If it turns out that the new administration policies do well, inflation will rocket, sending gold through the roof.

Feb 16 09:28

This Is One Of The Big Reasons Why So Many Families Are Feeling Extreme Financial Stress

When the cost of living rises faster than paychecks do year after year, eventually that becomes a very big problem. For quite some time I have been writing about the shrinking middle class, and one of the biggest culprits is inflation.

Feb 16 09:09

Response To My Open-Border Libertarian Friend On Trump's Immigration Raids

First of all I am so glad and happy to hear if Trump is considering "criminal aliens" to be ANY illegal alien who has snuck into the USA. If this is true, it's absolutely great news, not to mention hilarious. Since they all broke the law, and unlike many of our laws it is a 100% valid law, they are indeed all literal criminals. I also tell the story of 'Minuteman' founder Jim Gilchrist's 2004 speech in Garden Grove, Calif., where the host of the event asked if I'd help to serve as ad-hoc security. It was insane, hundreds of reconauista radicals surrounded the place and smashed bricks into the windshield of an old 85-year old couple, a husband and wife, who were simply trying to drive their Cadillac into the parking lot to attend the Gilchrist event. It was horrible. They were attacking peaceful patrons who simply wanted to attend the event.

Feb 16 08:53

George Soros Bought a Huge Stake in Goldman Sachs After Trump’s Election

In addition to Goldman Sachs, Soros bought tens of millions of shares in companies such as Facebook, Time Warner, T Mobile, and Kohls.

Feb 16 08:52

New York Office Sector Not in Collapse But “Gradual” Decline

A few “success stories” overshadow “very anemic activity.”

Feb 16 07:24

Gold Is Undervalued – Leading Money Managers

Gold is undervalued according to a record number of fund managers
Last time gold was considered undervalued, the price surged
BAML surveyed 175 money managers with $543 billion in assets under management
34% of investors believe protectionism is the biggest threat to markets
Gold viewed as the best protectionist investment by a third of investors

Feb 16 03:47

Did The Fed Just Experience A “Margin Call” Moment?

For those not familiar, the reference is attributed to a scene from the movie “Margin Call” (2011, Lionsgate™) where John Tuld (Jeremy Irons) makes the sanguinary argument for dumping its portfolio of toxic holdings immediately against contradictory arguments that it’ll be seen as panicking by others with the line, “It’s not panicking if you’re first.”

That one line in fiction contains volumes as to the reality about how Wall Street, bankers, and more view the world. Which is precisely why when I read the news that Federal Reserve member, and “Regulatory Point Man” Daniel Tarullo resigned unexpectedly I just sat back in my chair thinking, “Of course he did” as that afore-mentioned scene came to mind.

Feb 15 22:08

Italian banks on brink of running DRY: Rome forced to bend EU rules in emergency bailout

ITALY is plotting another multibillion rescue of its beleaguered banking system, as two struggling lenders come dangerously close to running out of money.

Rome wants to inject around £4.2billion (€5bn) into Veneto Banca and Banca Popolare di Vicenza, by bypassing European rules that ban taxpayers' cash from being used to bailout banks.

The two banks are haemorrhaging cash at an alarming rate, according to the Financial Times, sending Italy into panic.

But the new so-called precautionary recapitalisation plan still needs approval from Brussels to go ahead.

Feb 15 20:09

Riding the Bear Market Rally

Everybody’s been obsessed with “Dow 20,000” lately.

The Dow Jones Industrial Average is perhaps the most widely-watched gauge of the U.S. stock market. And “20,000” is a big, fat, impressive-sounding round number. So it’s not surprising the financial media latched onto “Dow 20,000” like a dog to a bone.

Feb 15 17:28

EU Bureaucrats Escalate the War on Cash: Will Precious Metals Be in the Crosshairs?

The global war on cash rolls on. The cabal of bankers seeking more transaction fees, busybody political leaders, and central bankers who want to experiment with negative interest rates recently threw India into turmoil by eliminating the two largest denomination bank notes.

Feb 15 15:45

Soros: Banks Eliminating Cash To Usher In World Government

An insider who worked with billionaire George Soros claims that Soros is orchestrating the elimination of cash in order to usher in a “world government”.

Feb 15 14:33

Biggest EU Banks Embark On The Mother Of All Debt Binges, The Last Time They Rolled Out So Much Debt So Quickly Was In 2007

Spain’s three biggest banks, Banco Santander, BBVA and Caixa Bank, have got off to a flying start this year having issued €8.6 billion in new debt, seven times the amount they sold during the same period of last year.

Feb 15 14:05

Open Border and Sanctuary Lies of the Left!

The Left's Orchestrated Rebellion in America…
Continue

Added by Doc Vega

Feb 15 12:04

WITCH'S BREW: Sentiment UP, Complacency UP - but Uncertainty Also UP (Not DOWN?)

When did the distortion start occurring in the markets when increasing UNCERTAINTY can come with an increase in COMPLACENCY and SENTIMENT?

Feb 15 11:57

The U.S. Government's Official 5-Year Plan For Infrastructure Improvement

The U.S Department of Transportation recently issued an official white paper outlining their 'Five Year Strategic Plan' for improving and funding infrastructure repair. The latest LibertyFight.com research project exposes the highlights of this nearly-200-page report. Transportation and freedom of travel, as well as the quality of of roads and infrastructure is fundamental to our very liberty, freedom of movement, and our very American identity, at least as I understand it. Restrictions on that travel, including violations of privacy, unneeded environmental restrictions, and monetary restrictions or fees that limit our resources and decrease our financial well being, are restrictions on liberty. Unfortunately, all of these things are being openly admitted and planned by our federal government. Fighting 'Climate Change' plays a pivotal role in their plan.

Feb 15 10:13

Undeniable Evidence: “The College Education System Is On The Fast Track To Destruction… An Obvious Sign Of Economic Crisis Waiting To Happen”

Today in America the overburdening debt and shrinking jobs market is exposing the ugly consequences of the reality that mindless attendance to higher education has drastic consequences for millions of students.

College attendance has peaked and now we are witnessing what we will call The College Meltdown… From grants and loans for various degrees across the board with little repayment viability, to the constant propaganda by high schools and the media that everyone should and needs to attend a college or university to be successful in life, the truth is being revealed… Our youth lives in an age of increasingly crushing student loan debt with five consecutive years of declining enrollment numbers.

Feb 15 09:57

World's 2nd Largest Stockpile Of Gold Leaves The United States

Even after the Soviet Union fell, most governments still chose to keep their gold in New York.

It was safe. America was a rich, trusted ally. Why bother moving it?

Fast forward a few decades and the world has clearly changed.

The US government is in debt up to its eyeballs. It has been caught blatantly spying on its own allies. And it’s much less predictable than ever before.

Germany was among the first out the door.

Even as early as 2013, the German government announced that they would bring back at least half of their country’s gold reserves (the second largest in the world) by the end of 2020.

Feb 15 09:36

The Globalists Strike Back With A Major Push Toward A Cashless Society

Their agenda may be on the rocks in the United States at the moment, but that doesn’t mean that the globalists are giving up. In fact, a major push toward a cashless society is being made in the European Union right now.

Feb 15 08:39

Titan Machinery to close 15 stores…

Feb 15 08:29

Corporate America Setting Up "War Rooms" To Prep For Potential Trump Tweets

Since November 8th, several public companies have unsuspectingly fallen into the cross hairs of Trump tweets sending their stocks gyrating violently while adding or erasing millions of dollars worth of market cap in a matter of seconds. Here is just a small sample:

Feb 15 07:30

BREAKING : Nigel Farage - You're In For a Bigger Shock in 2017

Feb 15 07:28

Silver Price To Surge As “Investors and Users Fighting Over Available Physical Supplies”

One of the world’s foremost silver analysts Theodore Butler has elaborated on another “powerful” bullish factor which “screams at us to buy silver”.

Feb 15 07:25

Definite Movement to Take Trump Out, Debt Crisis Builds-Buy Gold -Gerald Celente

Top Trends researcher Gerald Celente says that Trump is inheriting a U.S. and global economy that is bullish for gold prices. Celente explains, “The debt crisis continues to build.

Feb 15 03:30

2017 the Beginning Of the End: “U.S. Economy About To Get Slammed By A Major Recession”

Trump is not out to get you he is here to save the country from total globalism. Alex mentions Ron Paul saying that Trump is doing great with the economy but it is too late to do much to change it.

Feb 14 17:44

Truckers armed despite legal questions, carrier policies

New Overdrive research shows large concerns over threats to personal safety. Though varying state convealed-carry laws make it difficult to cross state lines and remain in compliance, many truckers stick to their guns.

Feb 14 16:10

This Is Why You Don’t Own A Lot Of Stocks

Feb 14 15:52

Oroville dam evacuation order lifted, warning remains

MAY!!!

California officials lifted the evacuation orders for residents downstream of Oroville Dam, saying the dam may hold up to upcoming storms.

Feb 14 13:42

Hong Kong Housing Crisis Sees Citizens Living In ‘Coffin Homes’

Millions of residents in Hong Kong are being forced to live in inhumane conditions, with some of them living in tiny ‘coffin homes’ as the housing crisis in the city worsens.

Feb 14 11:51

Rio's Olympic venues, six months on – in pictures

Six months after hosting South America’s first-ever Olympic and Paralympic Games, the Rio de Janeiro venues – some of which have been looted – sit mainly idle and already in disrepair, raising questions about a legacy that organisers promised would benefit the Brazilian city and its residents

Webmaster's Commentary: 

Every government that hosts the Olympics promises their people the games will be a benefit to their nation. But it rarely, if ever, works out that way!

Feb 14 11:35

Peter Spina: Political and Market Uncertainty Is Driving The Rush For Gold

Peter explains the recent market action and how gold stocks have historically lead the spot price. There is considerable support near $1100, and long term resistance at $1275. This level may well translate into resistance to the upside, once through it though, expect $1475 to $1500. He is seeing growing Wall Street and Chinese speculation in the market, there seems to be a general rush for gold.

Feb 14 11:31

ALERT: Nickel deficit imminent!

Nickel has been one of the weaker performing metals in the past few years.

Feb 14 11:19

GREECE COULD DITCH EU CURRENCY FOR US DOLLAR

Feb 14 10:09

Why a NYMEX Veteran is Getting Nervous about Oil

Being long oil is a very “crowded trade,” but who’s on the other side of that trade, and what do they know that speculators don’t?

Feb 14 09:37

Toshiba boss quits over massive losses in nuclear power projects

According to Associated Press, Toshiba announced it is on track to report a net loss of $3.4 billion (390 billion yen) in the current fiscal year that ends in March 2017. It also warned the estimated loss may change "by a wide margin," projecting a $6.3 billion (712.5 billion yen) loss for its nuclear business. That was related to the acquisition of a nuclear construction firm by its Westinghouse unit.

Feb 14 09:23

Germany growth SLOWS: Merkel facing dire economy news as EU uncertainty over Trump grows

GERMANY'S economy grew at a disappointingly slow pace in the final three months last year - and at a far lower rate than Britain - data showed today.

The eurozone's powerhouse expanded by only 0.4 per cent in the fourth quarter of 2016, behind expectations of 0.5 per cent, according to initial estimates from the Federal Statistics Office.

In another blow, the GDP for the third quarter was revised lower to just 0.1 per cent.

In comparison, Britain grew by a bumper 0.6 per cent in the three months to December, as the economy continued to boom following the vote to leave the European Union (EU).

Feb 14 08:09

Bond traders fear Janet Yellen is planning a ‘St. Valentine’s Day Massacre’

Is Federal Reserve Chairwoman Janet Yellen capable of conducting a bond-market bloodbath? That’s what some on Wall Street are wondering.

Albert Edwards, market strategist at Société Générale and noted permabear, expects Yellen, who is set to deliver semiannual testimony to the Senate Banking Committee on Tuesday, will trigger a steep bond selloff by talking up the possibility that the central bank will raise interest rates in March.

Feb 14 07:51

Trump To Unveil "Passive-Aggressive" Currency War With China

While one of Trump's most sincere desires, both during his campaign, and ideologically from his life prior to politics, has been to publicly declare China a currency manipulator - something he promised he would do on day one of his administration - and crack down on the "undervalued" Yuan (even though over the past 18 months, China has been scrambling to prevent further devaluation of the Yuan in light of over $1 trillion in capital outflows in recent years), lately Trump appears to have gotten second thoughts, and after backing off on his intent to negotiate the "One China" policy, now Trump is looking for a way out of engaging China directly in currency war.

Feb 14 07:50

Someone Will Make A $100 Million Profit If Le Pen Wins

A payout of more than 100 million euros ($106 million) may be beckoning for options investors if the German 10-year yield drops to zero in the aftermath of France’s elections.

Feb 13 20:33

EURO HUMILIATION: Germany ‘freaked out’ as Greece 'could ditch EU currency for US DOLLAR'

GREECE could be poised to humiliate Brussels by ditching the euro and instead choosing to be tied to the US dollar, Donald Trump’s reported pick as EU ambassador has sensationally claimed.

Professor Ted Malloch revealed that senior Greek economists have enquired about the possibility of adopting the greenback if the country crashes out of the single currency.

He asserted that Athens is so desperate it is prepared to tie itself to the dollar on the same terms as the likes of Puerto Rico if it means being able to quit the eurozone.

Feb 13 18:02

Kamikaze Economics with Slow-Motion Debt Crash

Wee bit of Contagion? Catalonian default will be seen as Spanish default: Moody’s

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