Monthly Archives: February 2014

Tokyo bitcoin exchange files for bankruptcy – virtual currency goes up in smoke

February 2014 – TOKYO – The Mt. Gox bitcoin exchange in Tokyo filed for bankruptcy protection Friday and its chief executive said 850,000 bitcoins, worth several hundred million dollars, are unaccounted for.  The exchange’s CEO Mark Karpeles appeared before Japanese TV … Continue reading

Posted in Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Depression and Anxiety, Economic Collapse, Fiat Money Printing Fiasco, Financial market turmoil, Greed and Corruption, Hierarchal Control, Squandered Resources, Struggle for Survival, The Pyramid Model, Unsustainable Debt Burden | 2 Comments

Another domino poised to fall: Rome teetering on the brink of a Detroit-Style bankruptcy

February 2014 – ROME, IT – With European peripheral bond yields collapsing every single day to new all time lows (primarily driven by Europe’s near-certainty that a US-style QE is imminent as we first showed here in November, despite Mario … Continue reading

Posted in Apathy, Anger, Mistrust, Disillusionment, Austerity, Bank Run, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Depression and Anxiety, Economic Collapse, Economic Hardship or Loss, Fiat Money Printing Fiasco, Financial market turmoil, Greed and Corruption, New World Order, Political Corruption, Political turmoil, Protests, Social Meltdown, Squandered Resources, Struggle for Survival, The Pyramid Model, Unemployment rising, Unsustainable Debt Burden, Widening gap between rich and poor | Leave a comment

Armed men storm government buildings in Crimea; two dead, 30 injured during confrontations

February 2014 – UKRAINE – Ukraine’s Acting Interior Minister Arsen Avakov put police and security forces on alert after buildings of the Crimean parliament and administration were seized just before dawn on Feb. 27 by an unknown armed group. Two persons … Continue reading

Posted in Apathy, Anger, Mistrust, Disillusionment, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Depression and Anxiety, Economic Collapse, Economic Hardship or Loss, Financial market turmoil, Flashpoint for war, Geopolitical Crisis, New World Order, Political Corruption, Political turmoil, Protests, Social Meltdown, Squandered Resources, Struggle for Survival, The Pyramid Model, Unemployment rising, Unsustainable Debt Burden | Leave a comment

150,000 Russian troops on alert, causes alarm in Ukraine

February 2014 – UKRAINE – President Vladimir Putin put Russian combat troops on high alert for war games near Ukraine yesterday, the Kremlin’s boldest gesture yet after days of saber rattling since its ally Viktor Yanukovich was toppled as president … Continue reading

Posted in Apathy, Anger, Mistrust, Disillusionment, Banking Crisis, Boom and Bust Cycles, Civil Unrest, Depression and Anxiety, Economic Collapse, Economic Hardship or Loss, Fiat Money Printing Fiasco, Financial market turmoil, Flashpoint for war, Political Corruption, Political turmoil, Protests, Resource War, Social Meltdown, Struggle for Survival, The Pyramid Model, Unemployment rising, Unsustainable Debt Burden | 1 Comment

$70 Billion in debt: Puerto Rico’s Detroit-Like economic turmoil

February 2014 – PUERTO RICO – Puerto Rico’s economic crisis features a shrinking economy and a declining population, with 15 percent unemployment rate to boot. In laymen’s terms, things aren’t looking too good for the high income economy territory with … Continue reading

Posted in Apathy, Anger, Mistrust, Disillusionment, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Class Division, Economic Collapse, Economic Hardship or Loss, Fiat Money Printing Fiasco, Financial market turmoil, Greed and Corruption, Political Corruption, Political turmoil, Squandered Resources, Struggle for Survival, Unemployment rising, Unsustainable Debt Burden, Widening gap between rich and poor | Leave a comment

Another bubble: Canada housing boom expected to cool, crash fears linger

February 2014 – CANADA – Canada’s housing market boom will fade out over the next three years and although analysts say prices won’t fall from record highs most are at least somewhat worried about the risk of a crash, a … Continue reading

Posted in Age of Decadence, Apathy, Anger, Mistrust, Disillusionment, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Economic Collapse, Economic Hardship or Loss, Fiat Money Printing Fiasco, Financial market turmoil, Greed and Corruption, Struggle for Survival, The Pyramid Model, Unemployment rising, Unsustainable Debt Burden, Widening gap between rich and poor | 1 Comment

Banks struggling despite meteoric rise of stock market: JPMorgan to cut 8,000 jobs

February 2014 – FINANCE – JPMorgan Chase & Co (JPM.N), the largest U.S. bank, announced thousands of job cuts on Tuesday as the mortgage lending business slows, and said it was lowering its profitability target. The company said it expected … Continue reading

Posted in Banking Crisis, Boom and Bust Cycles, Civil Unrest, Depression and Anxiety, Economic Collapse, Economic Hardship or Loss, Fiat Money Printing Fiasco, Financial market turmoil, Greed and Corruption, Squandered Resources, The Pyramid Model, Unemployment rising, Unsustainable Debt Burden, Widening gap between rich and poor | 1 Comment

On the brink of collapse, Ukraine is a costly geopolitical prize for the West

February 2014 – UKRAINE – Ukraine may well be the geopolitical prize nobody can afford to win. As the country begins the delicate climb out of the chaos that saw yet another political turnover, the U.S. and the European Union … Continue reading

Posted in Austerity, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Depression and Anxiety, Economic Collapse, Economic Hardship or Loss, Fiat Money Printing Fiasco, Financial market turmoil, Geopolitical Crisis, Greed and Corruption, Hierarchal Control, New World Order, Protests, Social Meltdown, Struggle for Survival, The Pyramid Model, Unemployment rising, Unsustainable Debt Burden, Widening gap between rich and poor | 1 Comment

Ukraine leader warns country is dangerously close to economic default

February 2014 – UKRAINE – Ukrainian parliament Speaker Oleksandr Turchynov, handed presidential powers as lawmakers prepare to form a coalition government, warned that the economy was in a “pre-default situation.” Lawmakers in Kiev worked on reshaping government after ousting Viktor … Continue reading

Posted in Apathy, Anger, Mistrust, Disillusionment, Austerity, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Class Division, Depression and Anxiety, Economic Collapse, Fiat Money Printing Fiasco, Financial market turmoil, Geopolitical Crisis, Greed and Corruption, Political Corruption, Political turmoil, Protests, Social Meltdown, Squandered Resources, Struggle for Survival, The Pyramid Model, Unemployment rising, Unsustainable Debt Burden | 3 Comments

Eight banker commits suicide, as mystery over string of deaths deepens

February 2014 – FINANCE – “RIP … What happened to all the promises and plans you made? What happened to your return to Toronto? I didn’t know you were that upset! I will miss you always,” remarked the friend. Junjie … Continue reading

Posted in Age of Decadence, Apathy, Anger, Mistrust, Disillusionment, Austerity, Bank Run, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Depression and Anxiety, Economic Collapse, Economic Hardship or Loss, Fiat Money Printing Fiasco, Financial market turmoil, Greed and Corruption, Political turmoil, Social Meltdown, Surveillance - Police State, The Pyramid Model, Unsustainable Debt Burden, Widening gap between rich and poor | 10 Comments