Monthly Archives: June 2015

World slipping into Great Depression-like economic problems warns former IMF Chief Economist

You are about to enter a nightmare where something invisible called ‘credit’ runs the world and money is printed out of thin air – where financial markets rise frantically based on a simple whisper or innuendo or plunge on the latest … Continue reading

Posted in Age of Decadence, Austerity, Bank Run, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Class Division, Currency - Economic warfare, Economic Collapse, Fiat Money Printing Fiasco, Financial Market plunge, Financial market turmoil, Flashpoint for war, Geopolitical Crisis, Greed and Corruption, Hierarchal Control, Hoarding Gold, Hoarding Resources, New World Order, Political Corruption, Political turmoil, Social Meltdown, Squandered Resources, The Pyramid Model, Troubled Banks, Unsustainable Debt Burden, Widening gap between rich and poor | 2 Comments

Out of ammunition: the world is defenseless against the next financial crisis, warns BIS

June 2015 – ECONOMIC CRISIS – The world will be unable to fight the next global financial crash as central banks have used up their ammunition trying to tackle the last crises, the Bank of International Settlements has warned. The … Continue reading

Posted in Age of Decadence, Austerity, Bank Run, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Class Division, Conflict Among Nations, Currency - Economic warfare, Cyber crime, Economic Collapse, Economic Hardship or Loss, Economic impact of natural disasters, Fiat Money Printing Fiasco, Financial market turmoil, Flashpoint for war, Geopolitical Crisis, Greed and Corruption, Hoarding Gold, Hoarding Resources, Infrastructure collapse, Political Corruption, Political turmoil, Protests, Resource War, Squandered Resources, Struggle for Survival, Troubled Banks, Unemployment rising, Unsustainable Debt Burden, Widening gap between rich and poor | Leave a comment

Not just Greece: Puerto Rico days away from debt default of $72 billion, Governor says “debt unpayable”

June 2015 – PUERTO RICO – The U.S. territory of Puerto Rico is just days away from a historic economic collapse after the commonwealth’s governor said the island cannot pay its $U.S. 72 billion ($93 billion) in debts. Governor Alejandro … Continue reading

Posted in Austerity, Bank Run, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Currency - Economic warfare, Economic Collapse, Economic Hardship or Loss, Fiat Money Printing Fiasco, Financial Market plunge, Financial market turmoil, Geopolitical Crisis, Greed and Corruption, Hierarchal Control, Hoarding Gold, Hoarding Resources, Infrastructure collapse, New World Order, Resource War, Squandered Resources, Struggle for Survival, The Pyramid Model, Troubled Banks, Unemployment rising, Unsustainable Debt Burden, Widening gap between rich and poor | 1 Comment

U.S stock market loses $900 billion in value, as Dow plunges 350 Points – worst drop of 2015

June 2015 – ECONOMIC NEWS – U.S. equity markets posted their biggest selloff of the year Monday amid the ongoing crisis in Greece as investors weigh the possibility of the nation’s exit from the eurozone. The Dow Jones Industrial Average … Continue reading

Posted in Apathy, Anger, Mistrust, Disillusionment, Austerity, Bank Run, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Currency - Economic warfare, Economic Collapse, Fiat Money Printing Fiasco, Financial Market plunge, Financial market turmoil, Geopolitical Crisis, Greed and Corruption, Hierarchal Control, Hoarding Gold, Hoarding Resources, New World Order, Political Corruption, Social Meltdown, Squandered Resources, The Pyramid Model, Troubled Banks, Unsustainable Debt Burden, Widening gap between rich and poor | 6 Comments

Greece Meltdown: banks close amidst fears of a financial collapse

June 2015 – GREECE – Greek Prime Minister Alexis Tsipras announced on Sunday that the nation’s banks and stock market would be closed on Monday amid fears of financial collapse. Greece is also set to impose capital controls that will … Continue reading

Posted in Austerity, Bank Run, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Currency - Economic warfare, Economic Collapse, Fiat Money Printing Fiasco, Financial market turmoil, Flashpoint for war, Geopolitical Crisis, Hierarchal Control, Hoarding Resources, Infrastructure collapse, New World Order, Protests, Resource War, Squandered Resources, Struggle for Survival, The Pyramid Model, Troubled Banks, Unsustainable Debt Burden | Leave a comment

Russian forces ‘practiced invasion of Norway, Finland, Denmark and Sweden’ – tension mounts in Europe

June 2015 – EUROPE – Russian forces rehearsed the invasion of Norway, Finland, Sweden and Denmark during a military exercise involving 33,000 troops, according to a new study of Baltic security. The man oeuvres, which took place in March, assumed … Continue reading

Posted in Acts of Agression, Arms Race, Conflict Among Nations, Currency - Economic warfare, Economic Hardship or Loss, Escalating hostilities, Fiat Money Printing Fiasco, Financial market turmoil, Flashpoint for war, Geopolitical Crisis, Hierarchal Control, Hoarding Gold, New World Order, Nuclear Proliferation, Political Corruption, Political turmoil, Preparation for War, Resource War, Rumors of War, The Pyramid Model, Unsustainable Debt Burden | 3 Comments

Greeks drain ATMs as Prime Minister Alexis Tsipras calls referendum to decide country’s fate

June 2015 – GREECE – Greece’s banks may need an injection of fresh emergency funds to operate on Monday as people rushed to pull out money after Prime Minister Alexis Tsipras called a referendum that could decide his country’s fate … Continue reading

Posted in Apathy, Anger, Mistrust, Disillusionment, Austerity, Bank Run, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Currency - Economic warfare, Economic Collapse, Economic Hardship or Loss, Fiat Money Printing Fiasco, Financial market turmoil, Flashpoint for war, Geopolitical Crisis, Hierarchal Control, Infrastructure collapse, New World Order, Political Corruption, Political turmoil, Protests, Resource War, Squandered Resources, Struggle for Survival, The Pyramid Model, Troubled Banks, Unsustainable Debt Burden, Widening gap between rich and poor | 2 Comments

This is it: Greece is probably going to default on Tuesday

June 2015 – GREECE – It looks like Greece is going to default. In Saturday, Greek Finance Minister Yanis Varoufakis left a meeting of eurozone finance ministers after failing to get an agreement to extend the current bailout deal until … Continue reading

Posted in Age of Decadence, Apathy, Anger, Mistrust, Disillusionment, Austerity, Bank Run, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Currency - Economic warfare, Depression and Anxiety, Economic Collapse, Economic Hardship or Loss, Fiat Money Printing Fiasco, Financial market turmoil, Geopolitical Crisis, Greed and Corruption, Hierarchal Control, Hoarding Gold, Hoarding Resources, Infrastructure collapse, New World Order, Political Corruption, Political turmoil, Resource War, Social Meltdown, Squandered Resources, The Pyramid Model, Troubled Banks, Unsustainable Debt Burden, Widening gap between rich and poor | Leave a comment

Greece on the brink of default after talks with creditors break down

June 2015 – ATHENS – Greece’s long-running standoff with its European creditors appeared headed on Saturday for an abrupt — and potentially cataclysmic — ending as the continent’s finance ministers rejected an emergency Greek request to help the cash-starved country … Continue reading

Posted in Age of Decadence, Apathy, Anger, Mistrust, Disillusionment, Austerity, Bank Run, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Currency - Economic warfare, Depression and Anxiety, Economic Collapse, Economic Hardship or Loss, Fiat Money Printing Fiasco, Financial market turmoil, Flashpoint for war, Geopolitical Crisis, Greed and Corruption, Hierarchal Control, Hoarding Resources, Infrastructure collapse, New World Order, Political Corruption, Political turmoil, Protests, Resource War, Social Meltdown, Squandered Resources, Struggle for Survival, The Pyramid Model, Troubled Banks, Unsustainable Debt Burden, Widening gap between rich and poor | Leave a comment

Poll: 72% of Americans fear economic crash coming, concern ‘highest ever’

June 2015 – ECONOMY – The ever-expanding Republican presidential field, which threatens to splinter over social issues as dark horses grab hot-button topics for attention, is being urged to stick to the economy where the real pot of voter gold … Continue reading

Posted in Austerity, Bank Run, Banking Crisis, Boom and Bust Cycles, Conflict Among Nations, Currency - Economic warfare, Economic Collapse, Economic Hardship or Loss, Fiat Money Printing Fiasco, Financial market turmoil, Flashpoint for war, Geopolitical Crisis, Hierarchal Control, Hoarding Resources, Infrastructure collapse, New World Order, Squandered Resources, Struggle for Survival, The Pyramid Model, Unsustainable Debt Burden, Widening gap between rich and poor | 3 Comments