Austerity

Tsipras Rejects EU Ultimatum, Demands Bridge Deal: “Greeks Can’t Take More Disappointment”

Zerohedge Speaking defiant tone on Sunday evening, Greece's new Prime Minister Alexis Tsipras showed no signs of backing away from the commitments and pledges he and his party made to the Greek people (and that so many staunch status-quo huggers believe he will back down from). Raging that Greece "won't…
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Obama’s Transatlantic Trade and Investment Partnership (TTIP) Would Be Disastrous for Europe

Global Research By Eric Zuesse On November 14th, German Economic News (which this writer has found to be the world’s most honest, non-propagandistic, newspaper) published two articles about, and they also posted to the Internet, the first independent study of the likely impacts of the Obama-proposed Transatlantic Trade and Investment Partnership (TTIP). This study, by an…
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Global Capitalism in Crisis: Empty Commitment by G20 to Boost Global Economic Growth

Global Research By Nick Beams The communiqué issued at the end of the G20 summit held in Brisbane, Australia, over the weekend stated that agreement had been reached among the participants, whose countries comprise 85 percent of the world economy, to boost global growth by an additional percent over the…
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Global Economy

“Taxation Must Go Global,” Says German Finance Minister

The New American In one of the bluntest statements on the topic by any globalist thus far, controversial German Finance Minister Wolfgang Schäuble (shown) openly called for “global standards” and “global governance” in taxation to ensure that governments can continue extracting huge sums in taxes from the wealth-producing class in…
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Bankers

France’s president replaces economy minister with “former” Rothschild Banker

Reuters President Francois Hollande replaced his maverick leftist economy minister with a former Rothschild partner on Tuesday, in a reshuffle intended to reconcile his efforts to revive the stagnant French economy with deficit-cutting orthodoxy. The shake-up is the latest episode in the wrangling across Europe about how much budgetary rigor…
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Economic Collapse

Three Chart Alarm: The Fed Has Set-Up The Corporate Bond Market For A Big Fall

Contra Corner blog The three charts below , which appeared in the Wall Street Journal, are still another reminder that the Fed’s heedless fueling of the third financial bubble this century has done enormous damage to the internals of financial ; In this case, investors and savers being brutally punished by…
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Debt Slavery

Portugal’s Insolvent Banco Espirito Santo To Be Bailed Out, Existing Equity To Be Wiped Out

Zero Hedge When a week ago, the third and final Banco Espirito Santo HoldCo went ... we knew it was only a matter of time. Sure enough, following Friday's record collapse in the stock price of Portugal's mega bank after even Goldman decided it had enough and pulled the plug…
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INTERNATIONAL

HSBC terminates Gaza-linked Islamic charity’s bank account and others

RT HSBC has written to an array of UK Islamic charitable organizations to inform them their accounts with the bank will be terminated. One such organization has carried out relief work in crisis-stricken Gaza for over a decade. In formal letters issued to a think tank, a charity and a…
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"Elites"

Behind the Curtains: How The Corporatocracy Is Driving the US-EU Trade Agenda

Wolf Street By Don Quijones, freelance writer, translator in Barcelona, Spain. Raging Bull-Shit is his modest attempt to challenge the wishful thinking and scrub away the lathers of soft soap peddled by political and business leaders and their loyal mainstream ;This article is a Wolf Street exclusive. Last week the…
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Central Banks

Three Charts Of The Week: Money Printing Is Not Bringing Prosperity To Main Street

Zero Hedge Furious money printing by the world’s major central banks is not generating real growth and prosperity—–but professional economists never seem to get the word. As shown below, the 2014 outlook for global real growth has been marked down sharply since early ;Back then, of course, Abenomics and massive…
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Finance

The Global Corporatocracy Is Nearing Completion

Testosterone Pit By Don Quijones, freelance writer and translator in Barcelona, Spain. Raging Bull-Shit is his modest attempt to challenge the wishful thinking and scrub away the lathers of soft soap peddled by our political and business leaders and their loyal mainstream media. Quietly, subtly, almost imperceptibly, the rules governing…
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Banks

A Secret in Cyprus Bank Bailout Stirs Resentment

NY Times Of all the financial implosions in the eurozone, few matched last year’s collapse of tiny Cyprus in terms of drama and chaos. Frantic Cypriots queued up at banks to drain their accounts. Russian oligarchs scrambled to repatriate hidden fortunes. European officials, fearing another bout of market contagion, orchestrated…
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Federal Reserve

Are The 12 Regional Banks Of The Fed Private Entities?

Related to a book that I’m writing in German, I was asking myself whether the 12 regional Federal Reserve banks are privately owned. The US Supreme Court, I found out, said this on January 3, 1928 in the case “United States Shipping Board Emergency Fleet Corporation v. Western Union Telegraph…
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Buffett gives record $2.1 billion donation to Gates foundation

Chicago Tribune Comment From Old-Thinker News: Foundations serve another, much less discussed purpose. They are not entirely altruistic as their PR campaigns would lead us to believe. The wealth of the individuals who own the large foundations is protected from taxation, and those who support ; The Rockefeller Foundation was conveniently…
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Central Banks

BRICS Announce $100 Billion Reserve To Bypass Fed, Developed World Central Banks

Zero Hedge As we suggested last night, the anti-dollar alliance among the BRICS has successfully created a so-called "mini-IMF" since the BRICS are clearly furious with the IMF as it stands currently: this is what the world's developing nations just said on this topic "We remain disappointed and seriously concerned with…
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Commodities

CME, Reuters Picked To Replace Silver Fixing In Process Supervised By Former Gold Fixer

Zero Hedge A few days ago we reported that the World Gold Council was actively preparing to announce the replacement to the existing gold/silver fix, a system that had allowed the rigging of precious metals for 117 years. Confirming that said rigging would only continue was our report that the…
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Central Banks

Buying Up the Planet: Out-of-control Central Banks on a Corporate Buying Spree

Ellen Brown Finance is the new form of warfare – without the expense of a military overhead and an occupation against unwilling hosts. It is a competition in credit creation to buy foreign resources, real estate, public and privatized infrastructure, bonds and corporate stock ownership. Who needs an army when…
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Focus C

Secret trade agreement covering 68 percent of world services published by WikiLeaks

RT The text of a 19-page, international trade agreement being drafted in secret was published by WikiLeaks on Thursday as the transparency group’s editor commemorated his two-year anniversary confined to the Ecuadorian Embassy in London. Fifty countries around the globe have already signed on to the Trade in Service Agreement,…
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Central Banks

“Cluster Of Central Banks” Have Secretly Invested $29 Trillion In The Market

Zero Hedge Another conspiracy "theory" becomes conspiracy "fact" as The FT reports "a cluster of central banking investors has become major players on world equity markets." The report, to be published this week by the Official Monetary and Financial Institutions Forum (OMFIF), confirms $ in market investments, held by 400…
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Focus C

Hillary Clinton, NATO, Yanukovich, Uranium: What Wiki-Leaked Cables Reveal About Ukraine’s New President

Zero Hedge While barely covered in the western media as a result of the curious blackout of recent developments in the Ukraine civil war, for nearly a month Ukraine has had a new president, 48 year old billionaire businessman, Petro Poroshenko. In order to cut through the fog, we decided…
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Debt Slavery

How the Troika, the WSJ and the NYT Keep the Public Befuddled About Austerity and Deflation

If the troika (the European Commission, ECB, and IMF) taught sex education students would believe that storks brought children, that sex had nothing to do with pregnancy, that confident women never got pregnant, and that women should be forced to lose weight when they became ; The Wall Street Journal and the New York Times would…
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Debt Slavery

Fire Sale: Greece sells 110 of its best beaches in the name of “development”

Keep Talking Greece One hundred and ten of Greece’s best beaches are on sale by Greece’s privatization agency,  the Hellenic Republic Asset Development Fund (TAIPED) in the name of supposed “development” and “utilization of public assets”. In fact a sale off of Greece best beaches for cash so that the…
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"Elites"

ITALIAN MEP: ‘BILDERBERG IS THE ROOT OF ALL EVIL’

Infowars As the secretive group gears up for its annual confab in Copenhagen next week, Italian Member of the European Parliament Mario Borghezio has slammed the Bilderberg group as being “the root of all evil,” blaming the organization for Italy’s economic crisis. Borghezio, who is a member of the Committee…
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Finance

City of London’s Imperialist Designs on Russia

Dean Henderson Yesterday the EU and US imposed additional sanctions on Russia, while 150 US troops landed in neighboring Estonia for military ; Two months after Ukraine’s democratically-elected President Viktor Yanukovych fled the country amidst the MI6/CIA/Mossad-orchestrated putsch in Kiev(), the West continues to ramp up its aggression against Russia, despite repeated attempts at…
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Central Banks

How the Bankers Stand to Profit from the Trans-Pacific Partnership

Occupy Corporatism Concerning the future of the Trans-Pacific Partnership (TPP), the president is expected to accelerate talks and negotiations to play import/export with other nations to ensure profits for rich countries and control one-third of global trade. Payoffs for successful positioning regarding the TPP have left some bankers just a…
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INTERNATIONAL

IMF Staff Said to Back $17 Billion Ukraine Loan Amid Contraction

Bloomberg Pedestrians are reflected in the window of a foreign currency exchange store advertising its rates in Kiev. International Monetary Fund staff endorsed a $17 billion loan to Ukraine to help the government pay its bills amid a projected economic contraction of 5 percent this year, according to government officials…
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Princeton Study Confirms ‘US Is An Oligarchy’

Mike Krieger Liberty Blitzkrieg blog Despite the seemingly strong empirical support in previous studies for theories of majoritarian democracy, our analyses suggest that majorities of the American public actually have little influence over the policies our government adopts. Americans do enjoy many features central to democratic governance, such as regular elections, freedom of…
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Economic Collapse

David Stockman: “A Gang Of Unelected PhDs Have Staged An Economics Coup D’Etat”

David Stockman , America is being run by an unelected gang of essentially self-perpetuating PhDs. The notion of an economics coup d’ etat is not so far-fetched. After all, the Eccles Building controls the levers of the nation’s fiscal policy; is the pied piper of the entire financial system; intentionally inflates financial bubbles which…
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Corporate

12 Largest Banks Sued By Public Retirement Funds For “Conspiring To Rig Global FX Markets”

Zero Hedge Yesterday, we read with some amusement that Goldman has moved Guy Saidenberg, reportedly one of the greater profit centers at the firm - and how could he not be when he always traded against Tom Stolper's recommendations which led to tens of thousands of pips in losses to…
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INTERNATIONAL

Cashing In: Ben Bernanke to Have Dinner with Eight Top Hedge Funders

Former Federal Reserve chairman Ben Bernanke is booked for an intimate dinner next week Wednesday to address eight masters of the universe at Le Bernardin, we hear, including hedge funders David Einhorn, Louis Moore Bacon, Larry Robbins and Mike Novogratz, reports NyPo. Sources said Bernanke’s expected to make about the…
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INTERNATIONAL

Ukraine Shocks Population With Staggered 100% Heating Price Increase While Restricting Cash Use

In a TV address to his divided nation, Ukraine's PM Yatsenyuk stunned the people by first suggesting heating prices would rise gradually, then confirming a plan that will see prices rise 100% in the next 2 years (and almost 200% by 2017) as the cost of imported Russian gas is…
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Corporate

A First Look At New Report On Crony Capitalism – Trillions In Corporate Welfare

Michael Krieger , One of the primary topics on this website since it was launched has been the extremely destructive and explosive rise of crony capitalism throughout the USA. It is crony capitalism, as opposed to free markets, that has led to the gross inequality in American society we have…
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Central Banks

“QE Was A Massive Gift Intended To Boost Wealth”, Fed President Admits

Zero Hedge With Bernanke gone, the remaining Fed members knowing full well they will be crucified, metaphorically of course (if not literally) when it all inevitably comes crashing down, are finally at liberty with their and the truth is bleeding out courtesy of the president of the Dallas Fed, via…
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Austerity

Ukraine To Stun Citizens With 40% Gas Price Hike, Tax Deposits Over 100,000 Hryvnia (To Appease IMF?)

Gas Zero Hedge Alas, Ukraine's honeymoon period with its new rulers may end far sooner that most expect, and it will be certainly accelerated with news such as this. A few hours ago, Interfax reported that Ukraine expects to increase domestic gas prices by 40% once discounted import prices from…
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Global Government

Moscow: US to Violate Own Laws by Financially Aiding Ukraine’s Coup-Installed Gov’t

FARS TEHRAN (FNA)- Washington’s decision to provide financial aid to the coup-appointed government of Ukraine goes against the US laws, Russia’s Foreign Ministry said, urging American politicians to think about the consequences of supporting the radicals in Kiev. Ukraine’s ousted President Viktor Yanukovich said on Tuesday that the US plans…
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Cold War

McCain: ‘It’s Tragic’ There’s No U.S. Military Option In Ukraine

Daniel McAdams Lew Rockwell Blog If the US/EU backed overthrow of the Ukrainian government last month had a face, that face would be Sen. John McCain (R-AZ). McCain is the “Energizer Bunny” of US interventionism: wherever there is a government to subvert, a regime to change, chaos to foment, there…
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Cold War

US-Backed Neo-Nazi Party Given Key Roles in Ukrainian Government

Infowars Paul Joseph Watson Confirmation that a US-backed neo-nazi party has been handed key positions within the newly formed Ukrainian government illustrates the fact that the Euromaidan uprising was a contrived coup d’etat and has very little to do with freedom and democracy. Back in December, around the same time…
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Ukraine Imposes Capital Controls, Limits Foreign Currency Withdrawals

Zero Hedge Yesterday we reported that as part of the Ukrainian central bank's plan to bailout the nation's largely insolvent private banks, it would provide any needed funding but only "if they will remain under open control of the National Bank of Ukraine." And since the new CB head Stepan…
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