Search Results for: tax

Greece likely to leave Eurozone and EU

Greece EU Grexit Athens

The Greek central bank warned Wednesday that the country could crash out of the eurozone and even the European Union if it fails to reach a bailout deal with international creditors. In one of the starkest warnings so far from a Greek institution, the Bank of Greece said: “Failure to …

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HSBC to axe 50,000 jobs

HSBC jobs

Just days after JPMorgan revealed it would fire another 5,000 by the end of the year in a “scalpel” headcount reduction, overnight the world’s favorite drug money laundering bank HSBC unleashed the “machete” and announced it would cut almost 50,000 workers, or one in five bankers, a move which would shrink the …

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Sweden cuts rates below zero, launches QE

Sweden

Sweden has cut interest rates below zero and launched quantitative easing to fight deflation, becoming the latest Scandinavian state to join Europe’s escalating currency wars. The Riksbank caught markets by surprise, reducing the benchmark lending rate to minus 0.10pc and unveiled its first asset purchases, vowing to take further action …

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Bankrupt Spain to spend €1bn on riot gear

Spain riots

The Spanish government intends to spend nearly 1 billion euro on police riot gear, despite the country’s debt rising by 58 billion euro over the last year. Authorities worry about widespread protests they believe will grip the nation in the autumn. Students chant during a demonstration on the second day …

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BRICS to create alternative to IMF and World Bank

BRICS leaders

The BRICS countries (Brazil, Russia, India, China and South Africa) have made significant progress in setting up structures that would serve as an alternative to the IMF and the World Bank (which are dominated by the U.S. and the EU), according to RBTH. As WSJ reports, the U.S. would lose its veto power on …

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New DHS headquarters was a CIA MKUltra test facility

NSA MKUltra facility

The Department of Homeland Security’s plans to occupy an old psychiatric hospital in the Washington D.C. area have slowly been moving forward, despite the project’s enormous projected cost. Center Building at St. Elizabeths Hospital in Washington, D.C. The mammoth governmental entity, which has come to umbrella the offices of the …

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Tom Clancy’s new video game Rainbow 6: Patriots are the enemy

Tom Clancy Rainbow 6 Patriots

Magazine article literally asks, “Do you have what it takes to pull the trigger on a fellow citizen?” The latest installment of the popular Rainbow Six video game franchise casts Americans fed up with government corruption and banker domination as domestic terrorists intent on carrying out killings and bombings, yet …

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Ron Paul: “It’s going to get much, much worse”

Ron Paul

Dr. Ron Paul has long been a leading voice for limited constitutional government, low taxes, free markets, sound money, civil liberty, and non-interventionist foreign policies. His last term in the U.S. House of Representatives ended earlier this year, so we caught up with the former Congressman to get his latest …

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Globalist funded think tank says poverty will save planet

world poverty

The Center for Economic Policy and Research, described as a liberal think tank, has produced a study claiming less work will save the planet from global warming. Economist David Rosnick, who produced the analysis, says the world should adopt a “more European” work schedule as a way to reduce carbon emissions. …

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Google faces UK class action over secret iPhone tracking

iphone google

Google is embroiled in its biggest privacy battle yet in the UK over reportedly tracking users’ online habits. At least 10 UK citizens began legal action with dozens more lining up. According to media estimates up to 10 million Britons could join in. Google is accused of evading security settings …

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Australia will be a casualty of the currency wars

Australian money currency

The world’s most powerful nations are sitting on zero interest rates and printing money to get their currencies down, and there’s very little Australia can do about it, writes Alan Kohler. The currency war will be on in earnest in 2013 as the United States, Europe, Japan and China all …

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From currency debasement to social collapse: 4 case studies

At its most fundamental level, SocGen’s Dylan Grice notes that economic activity is no more than an exchange between strangers. It depends, therefore, on a degree of trust between strangers. Since money is the agent of exchange, it is the agent of trust. Debasing money therefore debases trust. Grice emphasizes that …

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More Americans opting out of banking system

JP Morgan Chase bank

In the aftermath of one of the worst recessions in history, more Americans have limited or no interaction with banks, instead relying on check cashers and payday lenders to manage their finances, according to a new federal report. Not only are these Americans more vulnerable to high fees and interest …

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Nationwide Spanish protests turn violent (PHOTOS, VIDEO)

Spanish police have clashed with protesters who marched against the latest batch of austerity measures. Over a million public employees, trade union members and fed-up citizens have taken to the streets in over 80 Spanish cities. Violence erupted in Madrid around midnight. Police used rubber bullets and tear gas to …

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Occupy Bilderberg 2012

Well, it looks like the most cunning and deceptive people on the planet may not be so bright after all.  The infamous and elusive Bilderberg club has decided to bring their annual meeting back to the United States after setting last year’s event at a hotel buried deep in the mountains …

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Berlusconi sentenced to 1 year behind bars in wiretap trial

silvio-berlusconi-sentences-to-year-in-prison

Italy’s former Prime Minister Silvio Berlusconi has been sentenced to one year in jail after a wiretap trial linked to a 2005 banking scandal. The ex-premier is accused of violating secrecy laws after making public a police wiretap concerning his political rival in 2005. They were published in Il Giornale, …

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Greed and Debt: The True Story of Mitt Romney

Mitt Romney Bain Capital

How the GOP presidential candidate and his private equity firm staged an epic wealth grab, destroyed jobs – and stuck others with the bill. The great criticism of Mitt Romney, from both sides of the aisle, has always been that he doesn’t stand for anything. He’s a flip-flopper, they say, …

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How Greece was robbed by the bankers

Greece flag thinking Aristotle

Every single mainstream media has the following narrative for the economic crisis in Greece: the government spent too much money and went broke; the generous banks gave them money, but Greece still can’t pay the bills because it mismanaged the money that was given. It sounds quite reasonable, right? Except …

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