CIA Insider breaks silence on Global Currency Wars – warns of $100 trillion dollar collapse

 Economic Collapse 3
April 2015ECONOMIC NEWS Should China’s plan to position the Yuan as a world reserve currency serve as a warning sign that something much more dangerous is approaching? According to Jim Rickards, the CIA’s Asymmetric Warfare Advisor, the answer is yes. In a startling interview he reveals that all 16 U.S. Intelligence Agencies have begun to prepare for a potential global economic meltdown, possibly even World War III.
Making matters worse, his colleagues believe it could begin within the next 6 months. However, the ground zero location for this global conflict is what makes his interview a must-see for every American. Take a few moments to watch it below and decide for yourself. – Money Morning
Money Morning: Filed October 2014Kindly disregard the ending sales pitch
Posted in Age of Decadence, Austerity, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Conflict Among Nations, Currency - Economic warfare, Economic Collapse, Escalating hostilities, Fiat Money Printing Fiasco, Financial market turmoil, Flashpoint for war, Greed and Corruption, Hierarchal Control, Hoarding Resources, Infrastructure collapse, New World Order, Social Meltdown, Squandered Resources, Struggle for Survival, Surveillance - Police State, Terrorist Threat, The Pyramid Model, Unemployment rising, Unsustainable Debt Burden, Widening gap between rich and poor | 2 Comments

Another financial crisis arrives on Europe’s doorstep

Greece C
April 2015GREECE Remember when in 2008 Hank Paulson’s U.S. Treasury Department decided to let Lehman Brothers go down, pour encourager les autres, and then found that it brought les autres crashing down too? Well, Germany and the other euro-zone members are now trying to repeat that brilliant trick with Greece. If you were looking for where the next big financial meltdown might begin, you need look no further. Chances are, it is about to happen in Europe. If it does, the political consequences could be even worse than last time. Strangely enough, the political risks are easier to evaluate than the economic ones. The risk of a Greek default or exit from the euro begin in Greece: If the left-wing party that runs the new government, Syriza, is discredited, following the discrediting of the old establishment parties, this risks strengthening the fascist alternative, Golden Dawn.
Then, the political risk moves rapidly to France, which is the scariest country in Europe right now. Already, the 25 percent share of the opinion polls held by the anti-immigrant, anti-EU Front National party of Marine le Pen is scary. But imagine what a new political and economic crisis in Europe might do for Ms. le Pen: her chances of becoming France’s president in 2017 would jump from remote to conceivable. Another risk is that Europe’s banking system remains fragile, not cleaned up and reinforced in the way America’s banking system has been since 2008. As long as the European Central Bank stands ready and able to print money in order to provide the banking system with liquidity this should remain true. But what if that were to be blocked? Which it might be, if German politics react badly and severely to a Greek default.
Then, we could be in a repeat of 1931, when the collapse of a European bank, CreditAnstalt of Vienna, brought about a sudden worsening of the depression that was taking hold in America and Europe. We are all connected now. This isn’t the way things looked, quite recently. Back in January, when Greek voters elected Syriza on a mandate to get a better deal from its euro-zone partners and the International Monetary Fund over its vast public debts, the favored metaphor of most commentators was the game of chicken. Greece’s photogenic prime minister, Alexis Tsipras, and especially its economics professor-turned-sex-symbol finance minister Yanis Varoufakis talked tough, and their German counterparts Angela Merkel and Wolfgang Schaueble talked tough in return. But everyone assumed that in the end there would be a compromise and not a car crash.The euro would survive. Greece would not default, would pretend to continue to repay its public debts (now 170 percent of GDP, a colossal level), and would be stealthily given some economic life support. This would buy time for the Greek economy to start growing more rapidly, convincing the Greek public to accept reforms such as privatization.
That acceleration in growth would convince the German public that a country they previously saw as lazy good-for-nothings was willing to play by the rules. A little money would be provided to ease Greece’s transition from slothful parasite to competitive modern nation. Everyone would live happily ever after. It was a comforting fiction. But now, three months later, reality is about to reassert itself. The car crash is looking the much likelier outcome. And the scary thing is that both sets of drivers appear as if they might even want it.
Greece, after all, has undergone an extraordinary economic and political shock since the global financial crisis struck in 2008. Its clientelistic, extravagant political culture, which had been no secret, hit a wall: it ran out of money. The result was a slump in GDP of more than a quarter, a jump in unemployment to nearly 30 percent of the workforce (roughly, U.S. Great Depression levels), and a huge budgetary contraction. The question for the new Syriza government has been: what more could we do? We will see, during the next few weeks, whether the Greeks will move to a default or whether the Germans will move towards an acceptance of mutual responsibility for Greece’s debts, and for those of other big sovereign debtors, allied with clear common rules for the management of that debt. So that’s where we are. In Europe, complacency mixed with domestic political traps is leading European governments towards an outcome which, within a matter of weeks, could bring about a huge global economic and political risk. And they think they have matters under control. Have we learned nothing since the Lehman shock? –Politico
Posted in Age of Decadence, Apathy, Anger, Mistrust, Disillusionment, Austerity, Bank Run, Banking Crisis, Bankruptcy, Civil Unrest, Currency - Economic warfare, Economic Collapse, Economic Hardship or Loss, Financial market turmoil, Flashpoint for war, Geopolitical Crisis, Greed and Corruption, Hierarchal Control, Infrastructure collapse, New World Order, Protests, Social Meltdown, Squandered Resources, Struggle for Survival, The Pyramid Model, Troubled Banks, Unsustainable Debt Burden | 3 Comments

Ocean ‘economy’ heading for collapse – planet’s life-sustaining ecology in grave danger of unraveling

 Ocean Collapse TEP
April 2015 ECOLOGY The world’s seventh-largest economy is heading toward collapse. An economic powerhouse conservatively valued at $24 trillion, one that annually churns out the equivalent of $2.5 trillion, is under assault. However, I am not referring to one of the G8 economies, but to the “super economy” of the ocean. It’s one that for far too long has been ignored and taken for granted — and it is going downhill fast. The health and wealth of the ocean are assessed in a WWF report released Thursday, Reviving the Ocean Economy. The report is the result of a hard economic analysis performed by The Boston Consulting Group built on a foundation of the latest ocean science provided by the Global Change Institute of the University of Queensland.
True, the enormity of the ocean can complicate any single appraisal. But it is still important to try to understand its value if global leaders are ever going to sustain it for future generations. The fact is that the ocean feeds us, employs us, offers protection and plays a direct role in the lives and livelihoods of people throughout the world. The ocean also provides intangible but essential services to humanity, such as climate regulation and oxygen production that are difficult to put in monetary terms. And while we all may look at the ocean from different perspectives, no one can escape the fact that it is a shared resource that provides for each and every one of us. A figure that may get lost in the headlines generated by our report is perhaps most telling: Seventy percent of the ocean’s overall economic value relies on its continued health. Ocean assets like fisheries, coral reefs, mangroves and sea-grasses that produce goods and services rivaling the world’s top 10 economies will lose their value if we continue to over-exploit and outright destroy them.
That may seem like a far-off possibility to some, but it is a future foretold by the many details in this report. For example, 90 percent of the world’s fish stocks are either fully exploited or over-exploited. And that is not all. By 2050 — only a few decades from now — it is possible that the ocean could lose its coral reefs, which have already been halved in the last few decades. This isn’t just a concern for dive enthusiasts, but to the hundreds of millions of people that rely on ocean resources for their daily meals and their weekly paychecks. The ocean is truly too big to fail. The loss of the ocean’s critical habitats and species would have a devastating ripple effect on global food security and economies that no government bailout could salvage. Fortunately, our report identifies actions that would revive the ocean economy, three of which are critical this year. First, the international community must rally around a set of sustainable development goals that clearly reflect the link between the environment — including the ocean — and human well-being.
Also, negotiators meeting in Paris later this year must agree on an ambitious global climate deal that sets us on the path to avert the worst impacts of climate change. And finally, leaders must commit to conserving increasing amounts of coastal and marine areas over the course of the next 15 years. The economic case for why the ocean is so critical to livelihoods around the world is clear, and we will not be able to plead ignorance if we collectively preside over the collapse of the ocean economy. Reviving the Ocean Economy is dedicated to helping us avoid that outcome, but it will require political vision and courage among policymakers. All this said, and as terrifying as it is that the deterioration of the ocean’s health has been its fastest in millions of years, there is actually some (potential) good news: If we act swiftly and with determination, marine resources can recover — and recover quickly. Many local examples — from the Mediterranean to the Mozambique Channel, from the Fiji archipelago to the Arctic — show us that conservation, restoration and sustainable-use approaches mean the ocean, and the people who depend on it, can both prosper. –CNN
Posted in Apathy, Boom and Bust Cycles, Ecological Disaster, Economic Collapse, Economic Hardship or Loss, Economic impact of natural disasters, Environomental toxins, Hierarchal Control, Hoarding Resources, Marine Disaster, New World Order, Resource War, Social Meltdown, The Pyramid Model, Water Conflict | Leave a comment

NATO to hold massive cyber-security drill near Russia – cyberattack on NATO will be seen as act of war

NATO Cyberattack
April 2015EASTERN EUROPEMore than 400 computer experts and teams from 16 countries, as well as the NATO Computer Incident Response Capability (NCIRC), will participate in the cybersecurity drill dubbed as Locked Shields 2015. Colonel Artur Suzik, director, NATO Cooperative Cyber Defense Center of Excellence said, “Locked Shields prepares computer emergency response specialist for the ever-changing cyber security landscape. Uniquely, we use realistic technologies, networks, and attack methods.”
Col. Suzik added that new technologies and attack vectors were added every year to keep the cybersecurity drill at pace with real-world developments. Last year, Android devices, IP cameras, and VoiP attacks were added to the cybersecurity exercises. The Locked Shields 2015 included ICS/SCADA Systems, Windows 8 and 10 operating systems and an element of active defense, according to Col. Suzik. He explained that the cybersecurity drills is scenario-based. The NATO Cyber Defense Center of Excellence started the annual cybersecurity drill in 2010. The Government of Canada provided the financial grant for Locked Shield 2015. The grant will be used to purchase technical equipment for the cyber lab and supporting services to increase the capacity of the cybersecurity drill. President Barack Obama and other world leaders decided to boost partnerships in cyber defense capabilities during a NATO summit in September. The world leaders also warned that a cyberattack against NATO members could trigger a collective defense response similar to a military aggression. –Value Walk
US and Estonia War Games
Separately, the U.S. Army and Estonia soldiers are part of the NATO Tornado military drills. According to RT News, NATO will use a laser training system to simulate actual battles during the military drills, which is the largest in the history of Estonia. Almost 2,000 Estonian soldiers and divisions of U.S. paratroopers will start the five-day Tornado drills, which will demonstrate the level of their readiness for larger Siil [Hedgehog] military exercises,” according to General Staff of Estonia’s Defense Forces. In May, 13,000 soldiers will participate in the Siil war games.
According to the report, NATO will use different versions of the Multiple Integrated Laser Engagement System (MILES) during the Tornado drills. The presence of the U.S. soldiers in the Baltic region is part of the Atlantic Resolve, which demonstrates the commitment of the United States to NATO members across Eastern Europe. The U.S. is committed to international training and security cooperation. On Thursday, Russia’s General Staff, Lieutenant General Andrey Kartapolov noted that the operational combat training activities of NATO near the borders of the country increased by 80% last year. According to him, the military drills have a “clear anti-Russian orientation.” –VW
Posted in Acts of Agression, Arms Race, Conflict Among Nations, Currency - Economic warfare, Cyber Attack, EMP Threat, Escalating hostilities, Flashpoint for war, Geopolitical Crisis, Hierarchal Control, New World Order, Nuclear Proliferation, Political turmoil, Preparation for War, Resource War, Rumors of War, Terrorism threat, The Pyramid Model, Unsustainable Debt Burden | 2 Comments

Nordic pact heightens tension with Russia – Finland and Sweden being seen as “potential” enemies to Russia

Nordic NATO
April 2015SWEDENThe Kremlin has complained that a new Nordic defense pact is “directed against Russia” and amounts to a “confrontational approach” on the Ukraine crisis. The Russian foreign ministry issued the statement on its website on Sunday (12 April). It said “Nordic defense co-operation … has begun to be directed against Russia in a way that could undermine the positive engagement accumulated over the past decade.” It voiced “concern” that Finland and Sweden, which are not NATO members, are showing “increasingly strong convergence” with the alliance. It also said that “instead of an open and constructive dialogue” on issues such as the Ukraine conflict, “the principles of confrontation are being foisted on the public opinion of the Nordic countries.” The defense ministers of Denmark, Finland, Iceland, Norway, and Sweden unveiled the agreement in an op-ed in Norwegian daily Aftenposten last Thursday.
They said they would: share information on maritime and airspace movements; take joint steps on cyber defense; conduct military drills; consider launching a new air-police mission called Northern Flag; share air bases; and explore joint military acquisitions. “Russia’s conduct [in Ukraine] represents the gravest challenge to European security. As a consequence, we must be prepared to face possible crises or incidents”, they warned. They said “Russia is undertaking huge economic investments in its military capability” and that its military “is acting in a challenging way along our borders.” They added that Russia is trying to “sow discord” in the West and that their pact “strengthen[s] the cohesion of NATO and the EU, and helps to maintain transatlantic links”.
Russian jets have violated the airspace of Estonia, Latvia, and Lithuania hundreds of times over the past year. But the Russian military has also spooked the Nordic allies. Last June, Russian bombers simulated an attack on the Danish island of Bornholm. Last October, two Russian bombers entered Swedish airspace near the Oland Island. The same month the Swedish navy launched a hunt for a suspected Russian submarine in the Stockholm archipelago. Russian military planes have also been involved in near-misses with Swedish civilian and military flights. A recent survey showed that 64 percent of Finnish people don’t want to join NATO. But Swedish public opinion is swinging toward the alliance. For his part, the Finnish foreign minister, Erkki Tuomioja, told national media on Sunday the defense pact is “neither a plan for nor precursor of NATO membership”.
Speaking to EUobserver before the Ukraine conflict, the then Swedish defense minister, Karin Enstrom, said she believes that if any Nordic state is attacked, neither NATO nor EU allies would stand aside. “It’s really difficult to think that if one [EU] country … was affected by a catastrophe or an attack, it would not affect all the other EU countries. It would be an act of self-interest to try to stabilize the situation,” she said.
-EUO Observer
Global Strike Force
Poland has reportedly external link selected Raytheon’s Patriot AMDR system as the winner in its Wisla program, following the firm’s selection as a finalist in June last year external link. The Wisla program is designed to be the outermost, ballistic-missile-killing third tier of Poland’s modernized air defense system. The winning bid is reported to come with a price-tag of $5.6 billion.
The US Air Force is also realigning external link B-1 fleets and the Long Range Strike-Bomber external link (LRSB) program from Air Combat Command to Air Force Global Strike Command, with the move shifting 63 aircraft and around 7,000 personnel. The Air Force is grouping its bombers under Air Force Global Strike Command, a nuclear-capable command based at Barksdale Air Force Base in Louisiana, in a transition that will be effective Oct. 1. The leadership change also puts the Air Force’s next-generation bomber program, frequently called the Long Range Strike Bomber, under the same auspices. “Consolidating all of our Air Force assets in this critical mission area under a single command will help provide a unified voice to maintain the high standards necessary in stewardship of our nation’s bomber forces,” Secretary of the Air Force Deborah Lee James said in a statement.  –Defense Industry Daily
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Obama warns Iran on weapon shipments to Yemen – U.S. positions aircraft carrier off coast

Yemen Ships
April 2015 MIDDLE EAST – President Barack Obama said on Tuesday the United States government has warned Iran against delivering weapons to Yemen that could be used to threaten shipping traffic in the region. “We’ve been actually very straightforward to them,” Obama said in a televised interview on MSNBC’s “Hardball.” “What we’ve said to them is that ‘if there are weapons delivered to factions within Yemen that could threaten navigation, that’s a problem.’ And we’re not sending them obscure messages – we send them very direct messages about it,” Obama said. The warning came amid reports that Iranian ships may be on their way to provide arms to Shiite rebels, known as Houthis, who have overtaken parts of Yemen and driven out the country’s leadership.
“Right now their ships are in international waters,” said Obama during the interview with MSNBC’s Chris Matthews on Tuesday. “There’s a reason why we keep some of our ships in the Persian Gulf region and that is to make sure we maintain freedom of navigation. And what we’ve said to them is if there are weapons delivered to factions within Yemen that could threaten navigation, that’s a problem.” On Monday, a US aircraft carrier was sent to Yemen’s coast to help prevent any shipment of Iranian arms. Obama has said that Iranian involvement in the Yemen crisis would only complicate efforts to find a solution.
 “What we need to do is bring all the parties together and find a political arrangement,” Obama said. “It is not solved by having another proxy war in Yemen. We’ve indicated to the Iranians that they need to be part of the solution, and not part of the problem.” The president also sought to play down concerns over reports that Russia plans to sell Iran a sophisticated missile-defense system—another development that could complicate the nuclear talks. “This is a sale that’s been pending for six years,” Obama said. “It’s of concern, we object to it, particularly because right now we’re still negotiating.” But, Obama said, “we have to keep this in perspective. Our defense budget is somewhere just a little under $600 billion. Theirs is a little over $17 billion. Even if they’ve got some air defense systems, if we had to, we could penetrate them.” “Ultimately, it’s going to be up to the Iranians to make sure that they come to the table prepared to memorialize what has already been agreed to,” Obama said. –YNET
Posted in Acts of Agression, Arms Race, Banking Crisis, Boom and Bust Cycles, Civil Unrest, Conflict Among Nations, Economic Collapse, Escalating hostilities, Flashpoint for war, Geopolitical Crisis, Hierarchal Control, Infrastructure collapse, New World Order, Nuclear Proliferation, Political Corruption, Political turmoil, Preparation for War, Religious War, Resource War, Rumors of War, Terrorism threat, The Pyramid Model, Unsustainable Debt Burden, Widening gap between rich and poor | Leave a comment

Dangerous drift towards Russian-NATO war over escalating tensions in Ukraine

Russia NATO
April 2015UKRAINE – “Could a U.S. response to Russia’s action in Ukraine provoke a confrontation that leads to a U.S.-Russia War?” This jolting question is raised by Graham Allison and Dimitri Simes in the cover article of The National Interest. The answer the authors give, in “Countdown to War: The Coming U.S. Russia Conflict,” is that the odds are shortening on a military collision between the world’s largest nuclear powers. The cockpit of the conflict, should it come, will be Ukraine. What makes the article timely is the report that Canada will be sending 200 soldiers to western Ukraine to join 800 Americans and 75 Brits on a yearlong assignment to train the Ukrainian army. And train that army to fight whom? Pro-Russian rebels in Ukraine whom Vladimir Putin has said will not be crushed, even if it requires Russian intervention – says Putin, “We won’t let it happen.”  
What are the forces that have us “stumbling to war? Putin is not the hardest of the hard-liners in Russia,” write the authors. “Russia’s establishment falls into … a pragmatic camp, which is currently dominant thanks principally to Putin’s support, and a hard-line camp” the one Putin adviser calls “the hotheads.” The hotheads believe the way to respond to U.S. encroachments is to invoke the doctrine of Yuri Andropov, “challenge the main enemy,” and brandish nuclear weapons to terrify Europe and split NATO. Russian public opinion is said to be moving toward the hotheads. Russian bombers have been intruding into NATO air space. Putin says he was ready to put nuclear forces on alert in the Crimea. Russia’s ambassador has warned Copenhagen that if its ships join a NATO missile defense force, Denmark could be targeted with nukes.
In coming war games, Russia will move Iskander missiles into the Baltic enclave of Kaliningrad on Poland’s northern border.  “Russia is the only country in the world that is realistically capable of turning the United States into radioactive ash,” brays the director of the television network Rossiya Segodnya. As of now, the “pragmatists” represented by Foreign Minister Sergey Lavrov retain the upper hand. They believe Russia can still do business with the United States and Europe. “The ‘hotheads’ take the opposite view,” the authors write, “they argue that NATO is determined to overthrow Putin, force Russia to its knees, and perhaps even dismember the country.” In Ukraine, Putin has drawn two red lines. He will not permit Ukraine to join NATO. He will not allow the rebels to be crushed. Russia hard-liners are confident that should it come to war in Ukraine, Russia would have what Cold War strategists called “escalation dominance.” This is what JFK had in the Cuban missile crisis – conventional and nuclear superiority on sea and land, and in the air around Cuba.
With Ukraine easily accessible to Russian forces by road and rail, sea and air, and Russia’s military just over the border while U.S. military might is a continent away, the hard-liners believe Russia would prevail in a war and America would face a choice – accept defeat in Ukraine or escalate to tactical atomic weapons. The Russians are talking of resorting to such weapons first. The decisive date for Putin to determine which way Russia will go would appear to be this summer. The authors write: “Putin will attempt to exploit the expiration of EU sanctions, which are scheduled to expire in July. If that fails, however, and the European Union joins the United States in imposing additional economic sanctions such as excluding Moscow from the SWIFT financial clearing system, Putin would be tempted to respond, not by retreating, but by ending all cooperation with the West, and mobilizing his people against a new and ‘apocalyptic’ threat to ‘Mother Russia.’ As a leading Russian politician told us, ‘We stood all alone against Napoleon and against Hitler.’”
 As of now, the Minsk II cease-fire of February seems to be holding. The Ukrainian army and pro-Russian rebels have both moved their heavy weapons back from the truce lines, though there have been clashes and casualties. But as Ukraine’s crisis is unresolved, these questions remain: Will the U.S. train the Ukrainian army and then greenlight an offensive to retake the rebel-held provinces? Would Russia intervene and rout that army? Would the Americans sit by if their Ukrainian trainees were defeated and more Ukrainian land was lost? Or would we start up the escalator to a war with Russia that few Europeans, but some Americans and Russians, might welcome today? –ANTIWAR
Posted in Acts of Agression, Arms Race, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Conflict Among Nations, Currency - Economic warfare, Cyber Attack, Economic Collapse, EMP Threat, Escalating hostilities, Ethnic tensions, Financial market turmoil, Flashpoint for war, Geopolitical Crisis, Nuclear Proliferation, Political Corruption, Political turmoil, Preparation for War, Rumors of War, Social Meltdown, Struggle for Survival | Leave a comment

Russia warns of escalation of conflict after US paratroopers arrive in Ukraine

US Paratroopers Ukraine
April 2015UKRAINE US Army paratroopers have landed in Ukraine to help the National Guard units train in exercises over the next six months. The move has been criticized by Moscow and the Ukrainian separatist rebels in the eastern part of the country, who say that the move could destabilize the current situation in Ukraine. U.S. troops are training 900 Ukrainian national guardsmen, a unit formed of volunteers, some of which are currently being integrated with the Ukrainian regular army. The volunteer guardsmen have been an important part of Ukraine’s defense of the parts of the country under siege from Russian-backed separatist rebels. Currently, two National Guard units working on week-long rotations have managed to hold the town of Shyrokyne, a town near the port city of Mariupol, which has seen some of the heaviest fighting and shelling in recent weeks.
The US troops are part of the 173rd Airborne Brigade, usually based in Italy – the same brigade that trained with Ukrainian forces in international exercises last year. The introduction of foreign troops to training has aggravated the Russian administration, who has denounced the Ukrainian guardsmen as “ultranationalists.” Russian Foreign Ministry spokesman Alexander Lukashevich described said the troops had “stained themselves with the blood of women, children and the elderly during their punitive operations.” Clashes continue in the country despite the cease-fire deal signed in February.
Each side has accused the other of wanting to resume the conflict, with the latest introduction of US troops causing Russia to claim that their presence violates the cease-fire. They say the action violates the section of the agreement that bans foreign armed formations from Ukraine. Dmitry Peskov said: “The participation of instructors and specialists from a third country on the territory of Ukraine, where an unresolved intra-Ukrainian conflict remains, where problems persist in carrying out the Minsk agreement, is far from helping resolve the conflict. “To the contrary, it enables destabilizing the situation.” A report by the UN Human Rights Commissioner’s office said at least 6,116 people have been killed since the fighting between the rebels and the government of Ukraine broke out a year ago. –Independent
Posted in Acts of Agression, Apathy, Anger, Mistrust, Disillusionment, Arms Race, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Conflict Among Nations, Cyber Attack, Economic Collapse, EMP Threat, Escalating hostilities, Ethnic tensions, Flashpoint for war, Geopolitical Crisis, Hierarchal Control, Infrastructure collapse, Political Corruption, Political turmoil, Preparation for War, Resource War, Rumors of War, Social Meltdown, Struggle for Survival, Terrorism threat, The Pyramid Model, Unemployment rising, Unsustainable Debt Burden | Leave a comment

Utopia the collapse – the human crossroads

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Greeks tell Obama: help us or risk collapse – runs out of cash to operate country on April 20th

Greece Default
April 2015 GREECE With time and money running out, Greece’s finance minister was set to warn Barack Obama last night that without help his country could trigger a global financial crisis. In a White House meeting, Yanis Varoufakis was expected to ask the US president to intercede on Greece’s behalf with the International Monetary Fund to stave off looming repayments. His argument was: “Is the Greek financial saga — a pittance — worth the unraveling of the entire global financial system? If not, then please weigh in, and get the IMF to back off on demands it is insisting Athens meet.” –The Times
Greece risks running out of cash by April 20 unless it secures fresh aid, a source familiar with the matter told Reuters on Tuesday, leaving it little time to convince skeptical creditors it is committed to economic reform. After talks with EU leaders including German Chancellor Angela Merkel in the past week, Athens said it will present a package of reforms to its euro zone partners by Monday in the hope of unlocking aid and avoiding a messy default. “It will be done at the latest by Monday,” government spokesman Gabriel Sakellaridis told Mega TV. Merkel did not reveal details from her meetings with Greek Prime Minister Alexis Tsipras, but she did tell members of her conservative party at a closed-door meeting in parliament on Tuesday that Greece needs to work with the European Central Bank, the International Monetary Fund and the European Commission to unlock the cash injection it needs. “Time is short,” she said, according to party allies.
Comments from the German foreign minister and the chairman of euro zone finance ministers suggested slightly more optimism among Greece’s partners that it may be moving closer to meeting the conditions needed to receive more cash. “That process is moving once again, I say with some cautious satisfaction. Now there’s hard work happening on complementary additions to the (reform) list,” said Eurogroup chairman Jeroen Dijsselbloem, who is also Dutch finance minister. “That they’re all but broke, we knew already,” he told RTL Nieuws television. “But my message to the Greeks is then every time again: So then, work with us as quickly as possible on an adjustment to the program.” Athens is hoping the finance ministers will approve its list and allow the return of about 1.9 billion euros ($2.1 billion) in profits made by the European Central Bank on Greek bonds, the source familiar with the matter said. –Reuters
Posted in Apathy, Anger, Mistrust, Disillusionment, Austerity, Bank Run, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Currency - Economic warfare, Depression and Anxiety, Economic Collapse, Fiat Money Printing Fiasco, Flashpoint for war, Greed and Corruption, Hierarchal Control, Infrastructure collapse, New World Order, Political turmoil, Resource War, Social Meltdown, Squandered Resources, Struggle for Survival, The Pyramid Model, Troubled Banks, Unemployment rising, Unsustainable Debt Burden, Widening gap between rich and poor | 1 Comment