Search Results for: spain

The greatest debt crisis the world has ever seen is coming

U.S. National Debt 2013

The largest mountain of debt in the history of the world just continues to grow even larger, and everyone knows that this colossal debt spiral is not going to end well.  But we all keep playing along because nobody wants the party to end.  Right now, there is an unprecedented …

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New ad from Australian bank will shock you

ANZ

If you’re looking around right now for a new bank account that pays a reasonable rate of return, ANZ bank has a hell of a deal for you: 0%! That’s right. ANZ is offering its depositors absolutely zero interest. Now, a bank paying 0% isn’t exactly abnormal in today’s banking environment. But …

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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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European Central Bank “models” €1 trillion in money printing

European Central Bank ECB

Update: in direct flashback from the summer of 2011 when the ECB leaked news only to retract it within minutes, this just happened: CONSTANCIO: DOESN’T KNOW ABOUT 1 TLN-EURO QE MODEL REPORT For those who have forgotten, here is the ECB playbook: leak “false” rumor, gauge market reaction, then promptly deny …

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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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The real reason why the US and France are back in Iraq

Iraq oil

Why is Obama now re-committing the U.S. military to Iraq? Why is France strongly backing military action? Obama says it’s to protect minorities. That’s nothing new. Obama is the fourth president in a row to bomb Iraq … while claiming it is for humanitarian purposes. But the architects of the Iraq War (the one …

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Great news: Monsanto abandons plans for GMOs in Europe

GMO-protest-in-France

The world’s largest seed corporation says it has dropped its bid to get more genetically modified crops onto the European market due to the wide-spread popular opposition. The biotech giant says it will expand its share of the natural seed market instead. “We will no longer be pursuing approvals for …

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Turkey warzone: Thousands of protesters try to reclaim Taksim Square

Turkey

Riot police have fired volleys of tear gas as thousands of protesters are trying to reclaim Taksim after being forced out in fierce clashes with law enforcement. Thick smoke blankets the square. Turkish riot police are driving thousands into narrow side streets, Reuters report citing witnesses, with water cannon vehicles …

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Pictures from Zimbabwe

Just because “Spanish banks are fine” 12 days before they got a full-blown bailout, and global hyperinflation can never happen in this world, where every central planner is now preparing to hold the CTRL and P buttons until the bitter end, here are some pictures from Zimbabwe.   And some charts: …

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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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US deploys 3 B-52 nuclear bombers for NATO exercise in Europe

B52 NATO nuclear bomber

Three US Air Force B-52 Stratofortress bombers based at Barksdale Air Force Base in the state of Louisiana have been redeployed to Moron Air Base, Spain, the US Strategic Command announced in a statement. “The multi-role heavy bombers will integrate and train with US European Command components and regional allies and partners by participating in the Norwegian exercise …

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Cristiano Ronaldo donates €1.5mn to children in Gaza

ronaldo golden boot

Real Madrid iconic forward Cristiano Ronaldo has donated €1.5 million to Palestinian children in Gaza, the Arabic version of the club’s Classico network reports. The star forward gave his Golden Boot which he earned in 2011 to the Real Madrid foundation. The Spanish giants in their turn sold it at …

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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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Millennials all around the world support whistleblowers

Young people millennials

About a year ago, a thirty-something sculptor in Los Angeles began working on a bust of Edward Snowden. When he was done, he shipped the bust to his artist friends on the East Coast. Just before dawn April 6, the artists crept under cover of darkness into Brooklyn’s Fort Greene …

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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 …

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Iran to dump US dollar in oil trade, settle in euro instead

US dollar dumped oil trade

Iran wants post-sanctions’ oil contracts denominated in dollars and have buyers pay in euros, Reuters reported. Tehran is also keen to receive money owed to it since the pre-sanctions days in the European currency. The country’s crude deliveries are to be restored soon, with companies such as the French giant …

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