Search Results for: greece

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 …

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Expect a tidal wave entrance into gold – Gerald Celente

gold tidal wave Gerald Celente King World News

Today top trends forecaster Gerald Celente discussed gold at length, as well as other important trends with King World News.  Celente is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world.  Celente predicted, “a tidal wave entrance into gold,” because “the entire …

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AIG Chief sees retirement age as high as 80 after crisis

American International Group Inc. (AIG) Chief Executive Officer Robert Benmosche said Europe’s debt crisis shows governments worldwide must accept that people will have to work more years as life expectancies increase. “Retirement ages will have to move to 70, 80 years old,” Benmosche, who turned 68 last week, said during a weekend interview at his …

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Crisis spreads to China, Australia, Brazil, Canada, Sweden

Financial crisis

Earlier today, we posted an excerpt from IceCap Asset Management’s latest letter to investors focusing on the farce that is the Greek bailout #3. Which can be summarized simply by the following table… … and Keith Dicker’s assessment which was that “for Greece, it’s mathematically impossible to repay its debt” and that …

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Germany joins China and Russia’s flight to gold

Gold bars

From Filip Karinja, for Birch Gold Group Germans are now rushing into gold. In search of a safe haven from a possible Greek debt default and the ultra-loose monetary policy of the European Central Bank (ECB) that makes even Ben Bernanke look fiscally conservative, Germans have significantly picked up their purchasing since …

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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 …

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Stock market ‘glitch’ exposes vulnerability of modern system

NYSE stock market

From Filip Karinja, for Birch Gold Group The New York Stock Exchange (NYSE) halted all trading on Wednesday. For almost four hours, the world watched with bated breath as the NYSE sorted out what they described as a “technical issue”. Ultimately, the issue was officially reported to be from engineers installing …

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‘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 …

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They will attempt to install a dictatorship – Nigel Farage

With escalating fears regarding the stability of the eurozone, today King World News interviewed former LBMA commodities broker and trader and current MEP Nigel Farage to get his take on the situation.  Farage told KWN he believes there will be an attempt, within months, to install a dictatorship in Europe.  …

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List of countries destroyed by Hillary Clinton

countries-destroyed-hillary-clinton

In an email sent to his business partner and Democratic fundraiser Jeffrey Leeds, former Secretary of State Colin Powell wrote of Hillary Clinton, “Everything HRC touches she kind of screws up with hubris.” Clinton’s tenure as Secretary of State during Barack Obama’s first term was an unmitigated disaster for many …

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Is Australia’s economy set to crash?

Australian consumers are more worried about the medium term outlook than at the peak of the financial crisis, and rightfully so. As The Telegraph reports, by the end of the first quarter this year, Australia’s net foreign debt had climbed to a record $955bn, equal to an already unsustainable 60pc of gross …

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Federal Reserve unable to deal with next economic crisis

Federal Reserve Janet Yellen

From Filip Karinja, for Birch Gold Group Earlier this week, a Federal Reserve official made the stunning admission that its credit expansion and debt creation policy is no longer having any significant effect on the economy. Now, even those in the mainstream are joining those of us who have been saying it for …

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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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Spinning bad financial news into good – Paul Craig Roberts

unemployment numbers

Friday’s payroll jobs report says that 96,000 new jobs were created in August and that the unemployment rate (U.3) fell from 8.3% to 8.1%. As 96,000 new jobs are not enough to keep up with population growth, the decline in the U.3 unemployment rate was caused by 368,000 discouraged job …

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New York Stock Exchange halts trading

NYSE New York Stock Exchange halts trading shut down

The New York Stock Exchange had to shut down trading abruptly shortly before noon Wednesday over what officials said was a technical malfunction that froze computers on the market’s fabled trading floor. One of the world’s biggest stock exchanges had seen shares trending down throughout the morning because of economic …

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Plans for cashless society is accelerating bank runs

Euro cash withdrawal money

From Filip Karinja, for Birch Gold Group Over the past few months, as governments and bankers lose grip on the failing monetary system that is surviving only on the back of record low interest rates and excessive money printing, the ‘war on cash’ has been escalating around the world. Why such disdain for cash? A society …

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25 EU banks fail stress test

European banks

Nearly one in five leading European banks have failed the stress test conducted by the European Central Bank, which revealed a $31.2 billion (€24.6 billion) capital gap in 25 banks showing they’re not ready to withstand a three-year recession. The results of the EU-wide stress test were reported on Sunday …

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