Search Results for: refugee crisis

Eurozone unemployment hits all-time high: 19 million out of work

Europe unemployment

People queue outside a government employment office in Burgos. Eurozone unemployment levels have hit 12 percent – the highest in the history of eurozone record-keeping, since the currency was launched in 1999. The average unemployment rate across the eurozone’s 17 constituent European Union countries rose from January’s initial 11.9 percent …

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Bank of Cyprus to cut 30% off deposits over €100,000

Cyprus banking crisis

Cypriots and foreigners wait in line to withdraw money from an ATM of a Laiki (Popular) Bank branch in the old city of the capital, Nicosia. Depositors in the Bank of Cyprus, the biggest bank on the island, will reportedly lose 30 percent on their holdings above 100,000 euros, the …

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Cyprus banks to remain shut until Tuesday amid bailout crisis

Protesters raise their open palms showing the word "No" during an anti-bailout rally in Nicosia

Banks in Cyprus will remain closed until Tuesday as the country tries to avert financial meltdown after rejecting the terms of a controversial bailout, turning instead to Russia for help. An official said banks, which been shut for days amid fears of a run on savings, will stay closed on Thursday …

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Greece back to the Drachma?

Traders around the world have been staring at their Bloomberg screens, hardly believing their eyes. The electronic information platform has been showing details for possible Greek Drachma trading. The Bloomberg helpdesk described it as “an internal function which is set up to test.” The news comes in the wake of the …

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Exposed: CIA, NATO and NGOs created the Ukrainian crisis

Ukraine Kiev

Breaking through the mainstream media’s suppression of contrary voices regarding the Ukraine crisis, RPI advisors Dennis Kucinich and Lawrence Wilkerson this week expose, on Fox News and MSNBC respectively, the United States government’s role in creating the crisis. Kucinich, who served eight terms in the United States House of Representatives and ran …

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Iceland: a silver bullet for the world economic crisis

arrest the bankers

Obama is in Mexico for yet another G20 meeting of the international socialist politburo.  We are told the discussions at the meeting are centered on theEuropean economic crisis. The United States government is set to spend about $2.4 trillion this year.  The mainstream propagandists are telling us that if Spain and Greece fold on …

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U.S Banks told to prepare for total collapse

Martial law is being prepared for a staged banking collapse in the late October. [youtube height=”400″ width=”550″]http://www.youtube.com/watch?v=lsp5n3Lc1hU[/youtube] This is a Red Alert! Only exposing the fact that this is staged will make them back off. Let’s get to work exposing the Banksters. Don’t sit around with a bunch of guns …

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The End Game: 2012 and 2013 will usher in the end

If Raoul Pal was some doomsday spouting windbag, writing in all caps, arbitrarily pasting together disparate charts to create 200 page slideshows, it would be easy to ignore him. He isn’t. The founder of Global Macro Investor “previously co-managed the GLG Global Macro Fund in London for GLG Partners, one of the …

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Australia moves to buy $3b spy drone fleet

Australia drones

The Defence Force is quietly resurrecting plans to buy seven huge maritime surveillance spy drones at a cost of up to $3 billion. The unmanned aerial vehicles will be used for maritime surveillance and intercepting asylum seeker boats. The decision comes despite claims that the Royal Australian Air Force’s top …

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Pro-Palestinian ads ignite firestorm of controversy

Palestinian loss of land Israel

A seemingly endless debate over politics, religion and territory is coming to a train station near you. An explosive ad about Israel is now igniting a firestorm of controversy. The display shows shrinking Palestinian territory in Israel over the years and refers to 4.7 million Palestinians there as refugees. The …

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Bank of America fined $17 billion for role in financial crisis

Bank of America

Bank of America, the second largest US lender is close to ending a landmark deal with US authorities to pay up to $17 billion – a record fine – to the Justice Department over its role in the 2007 financial crisis. If completed, it will be largest single compensation settlement, …

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JPMorgan: fined $13b, stole $ trillions and 2 million people lost homes

jp morgan

In a telephone call on Friday between the US attorney general and the bank’s CEO, the two sides tentatively agreed to a $13 billion settlement for JPMorgan’s alleged sales of fraudulent mortgage-backed securities. The tentative agreement concludes a civil investigation by the California attorney general over the bank’s sale of …

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Jim Rickards: Prepare for Trump win & 2018 financial crisis

jim-rickards-trump-win-2018-financial-crisis

Jim Rickards is known for his big calls, and he’s not holding back ahead of next month’s US Presidential Election, predicting the price of gold could surge should Donald Trump emerge victorious. “Markets are fully priced for Hillary; gold, stocks, everything is priced for a Hillary victory. If she wins, …

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IMF downgrades global growth outlook, lowest since financial crisis

Lagarde IMF National Press Club economic growth

The International Monetary Fund (IMF) has downgraded its forecast for global economic growth for the fourth time this year, reducing the figure to 3.1 percent from the 3.3 percent estimate in July. Modest growth pickup could occur in advanced economies, along with the slowdown in emerging markets, according to IMF. …

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8 signs the system is broken

Here are a few interesting tidbits to chew on: 1) In the land of the free, there are now more than 760 incarcerated inmates for every 100,000 citizens. This is more than 5x the 1980 average, and it far surpasses the number (560 per 100,000) that Stalin threw in the Gulag …

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Economic collapse is inevitable, here’s why…

recession

America is quickly approaching a catastrophic economic collapse. Before you dismiss this as hype or paranoia, take a few minutes to review the facts outlined on this page. The numbers don’t lie. At this point, the dollar crash is unavoidable… far from an exaggeration this is a mathematical certainty. As …

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Nobel Peace Prize is officially a joke: European Union wins in 2012

EU flag

The European Union was announced the winner of the Nobel Peace Prize 2012. A heated debate emerged over the validity of the award amidst the backdrop of Europe’s as-yet-unsolved economic crisis. The 27-nation organization was awarded the prize for its role in “uniting the continent,” and its contributions “to the advancement of peace …

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The Global Demise of Pension Plans

Elderly People

We have been saying for a long time that anyone in the western world who’s 10-15 years away from collecting their first pension payments, shouldn’t expect to get much, if anything, when the time comes. This is because, obviously, the economy has deteriorated as much as it has. It’s also …

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