Search Results for: austerity

Our collapsing economy and currency

USD money

Is the “fiscal cliff” real or just another hoax? The answer is that the fiscal cliff is real, but it is a result, not a cause. The hoax is the way the fiscal cliff is being used. The fiscal cliff is the result of the inability to close the federal …

Read More »

Gold, silver and a major October surprise – Celente

gold

Today top trends forecaster Gerald Celente told King World News, “They (central planners) are going to destroy the money, and they are going to do everything to try to keep the gold and silver markets down.”  Celente warned about a major “October surprise.” He cautioned, “Anything could happen at any time. …

Read More »

Thousands of Spanish students march for third day against cuts

Thousands of students have taken to the streets of Madrid in the third and final day of protests organized by the Spanish Student’s Union against education spending cuts. The demonstrators marched from Atocha Square to the heart of Madrid’s historic center on Puerta del Sol Square on Thursday. Many wore …

Read More »

Bankers Bag Nobel Peace Prize

European Union flags fly in front of the European Commission headquarters in Brussels

For the millions of Europeans now protesting against brutal austerity measures, awarding the Nobel Peace Prize to the European Union must seem no less unthinkable had the Committee of Five handed their tarnished trophy to Anders Breivik, the nationalist who indiscriminately killed 77 people last year in a madman’s attempt …

Read More »

‘Help!!!’ Italian scales Vatican cathedral in anti-EU protest

Italian scales Vatican cathedral

In an unorthodox display of anti-EU sentiment, an Italian restaurateur has spent over 12 hours staging a protest atop St. Peter’s Basilica in Rome. He addressed crowds of bemused tourists, decrying PM Monti’s policies as “social butchery”. Marcello Di Finizio tagged on to a group of ordinary tourists to gain …

Read More »

Worldwide debt default is the only solution

Sovereign nations, state governments, Californian cities, small businesses, homeowners, middle-class families, recent graduates and all types of other individuals and entities around the world are facing the same growing problem… DEBT. While the European Union is in the spotlight at the moment, the debt crisis is arguably worse in the United …

Read More »

The countdown to the break up of the Euro has officially begun

The results of the elections in France and Greece have made it abundantly clear that there is a tremendous backlash against the austerity approach that Germany has been pushing. All over Europe, prominent politicians and incumbent political parties are being voted out.  In fact, Nicolas Sarkozy has become the 11th …

Read More »

A world on the verge of war?

US navy

Here is a summary of where the world stands: – Unable to reach a compromise over the weekend, South Africa is now in an all out labor strike, with the police again firing rubber bullets at miners with lethal escalation guaranteed – Back from vacation, the once again penniless citizens of Spain, Greece, and Portugal …

Read More »

Romanian president impeached

Romanian President Traian Basescu

Romanian MPs have voted to impeach President Traian Basescu, initiating a process that could oust the unpopular leader in a national referendum. Some 256 of the bicameral parliament’s 372 deputies voted to impeach Basescu, 114 voted against the motion, and two votes were canceled, the final count showed. Senate Speaker …

Read More »

‘End ECB dictatorship’: activist disrupts Mario Draghi speech

End ECB dictatorship

A female protester has interrupted the European Central Bank’s press conference screaming: “End ECB dictatorship”. The woman clambered on top of a podium where the ECB president, Mario Draghi, was delivering his opening speech after the bank’s latest policy meeting, and threw papers at officials. Some activists accuse the bank of …

Read More »

2012 US Elections: Obamney vs. Rombama

insanity obama romney

A vote for Obama will bring war with Syria, Iran, and eventually Russia and China. The economy will continue to suffer in order to bolster the interests of off-shore corporate-financier interests, while  the collective prospects of Americans continue to whither and blow away. A vote for Romney, however, will also …

Read More »

Greece to trigger collapse of fascist eurozone

Greece Eurozone Yanis Varoufakis

From Filip Karinja, for Birch Gold Group Greece is rapidly running out of money. In a last ditch effort to remain afloat, the nation recently passed a law requiring all cash reserves in public sector entities to be transferred to its central bank, the Bank of Greece. This is just the latest round …

Read More »

Over a million protesters demand Catalonian independence from Spain

A million and a half people took to the streets of Barcelona, according to police estimates, to demand independence for the autonomous Spanish region of Catalonia as the country as a whole faces crippling debt. At least one train and more than 1,000 coaches were chartered to bring supporters from …

Read More »

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 …

Read More »

Commonwealth nations oppose monarchy

Queen

Along with Britain’s anti-monarchy campaign group Republic that campaigns for a democratic country consisting of an elected head of state, there seems to be a high level of public support for abandoning the monarchy in some of the nations of the Commonwealth. In 16 of the total of 54 Commonwealth …

Read More »

Pro-bailout party wins parliamentary elections in Greece

New Democracy Antonis Samaras

Greece’s pro-bailout New Democracy party has narrowly won the country’s parliamentary elections by securing 29.7 percent of the vote, the Interior Ministry says. The anti-bailout far left Syriza party garnered 26.9 percent of the ballots to come in second in the Sunday elections, the ministry said. The results showed that …

Read More »

Greece’s banking industry secretly gets €100 billion

bank of greece

Greece’s struggling banking industry has been secretly injected with around €100 billion in emergency liquidity from the country’s central bank which was approved by the European Central Bank in Frankfurt, according to the FT. This follow reports of a ‘run’ developing on Greek banks last week, which were emphatically denied …

Read More »