Search Results for: unemployment

Switzerland prepares for mass civil unrest in Europe

Fears over race wars, economic fallout prompt new military battalions. Despite being one of the most stable and economically vibrant countries in the world, primarily as a result of its refusal to join the Euro, Switzerland is preparing for mass civil unrest in central Europe that could spill over its …

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European Central Bank cuts interest rate to below zero

ECB euro symbol

The European Central Bank lowered its deposit rate to -0.10% as the continent battles deflation after many failed monetary policy attempts. The bank said more extraordinary tools can can be used to prevent the derailment of economic recovery. The European Central Bank (ECB) cut its main refinancing rate to 0.15 percent from …

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Croatia joins failing EU amid economic recession at home

Croatia EU

Croatia will be officially recognized as a European Union member at midnight on Sunday (last Sunday), becoming the 28th state to join the bloc. Over 170 foreign officials, including 15 heads of state and 13 prime ministers, are expected to attend the grand ceremony in the capital, Zagreb. European Commission …

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Has the US in 2017 Really Recovered from the Recession?

When people talk about the Recession (sometimes the “Great Recession”), they tend to talk about it as if they are referencing some event in the distant past.  But is the Recession really in the past?  Maybe, maybe not.   Let’s Take a Look at the Evidence To start with, consider …

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India cuts interest rates more than expected

India central bank Raghuram Rajan interest rates

India’s central bank on Tuesday cut its key interest rate more than markets expected amid optimism that inflation will remain low and fears that Asia’s third-largest economy is slowing. Reserve Bank of India Governor Raghuram Rajan cut the repurchase-agreement rate by 0.5 percentage point to 6.75%. That brings the total easing by …

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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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Greece to tax cash withdrawals

Greece cash bank run ATM

Greece has revealed it will introduce a surcharge for all cashpoint withdrawals and financial transactions in a desperate attempt to prevent citizens withdrawing their money from the country’s beleaguered banks. Ministers hope the controversial move could raise as much as €180 million, which the Athens government hopes will help the country …

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US government faces $127 trillion in unfunded liabilities

Economic turmoil US dollar

For a casual observer of the US economy (most “experts”), you could say that things look pretty good. Unemployment is at its lowest rate in six years. Earnings of S&P 500 companies are higher than ever, while their debt is lower than it’s been in the last 24 years. Nonetheless, …

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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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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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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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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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Europe is about to impose extreme repression – Nigel Farage

nigel farage

On the heels of the recent turmoil in global markets, today King World News interviewed MEP (Member European Parliament) Nigel Farage, to get his take on the ongoing crisis.  Farage told KWN that “What you may see is a very desperate European Union begin to put in place capital controls and things …

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California deficit soars to $16 billion

California, like Greece is perpetually in fiscal trouble. Overoptimistic revenue forecasts coupled with spending $2 billion more than expected has California in a deep hole. Governor Jerry Brown has the same non-solution as ever, hike taxes. Brown wants a “temporary” (as in seven years) tax hike. Given we all know …

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Ron Paul: the Federal Reserve has lost control of interest rates

Ron Paul

Today, Campaign for Liberty Chairman Ron Paul issued the following statement in response to the Federal Open Market Committee’s decision to continue its failed bond buying program: “Chairman Bernanke and the government falsely believe they can single-handedly control interest rates. Yes, there can be some manipulation, but markets are much …

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Only 3 minutes worth listening to from World Economic Forum 2013

World Economic Forum Davos

“Why do we consider banks to be like holy churches?” is the rhetorical question that Iceland’s President Olafur Ragnar Grimsson asks (and answers) in this truly epic three minutes of truthiness from the farce that is the World Economic Forum in Davos. Amid a week of back-slapping and self-congratulatory party-outdoing, as John …

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