Monthly Archives: July 2015

Disaster looming: Banks down to about $550 million dollars – enough cash on hand to last 1 hour

July 2015 – GREECE – Greek bank reserves are being rapidly depleted, which could plunge the over-indebted country into economic collapse. As creditors stopped funding the Greek banks, the country’s banking system has been facing a severe liquidity crisis. Even … Continue reading

Posted in Age of Decadence, 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 plunge, Financial market turmoil, Geopolitical Crisis, Greed and Corruption, Hierarchal Control, Hoarding Resources, Infrastructure collapse, New World Order, Political Corruption, Political turmoil, Protests, Social Meltdown, Squandered Resources, Struggle for Survival, The Pyramid Model, Troubled Banks, Unemployment rising, Unsustainable Debt Burden, Widening gap between rich and poor | 2 Comments

Financial markets rattled: Euro falls as Greece votes ‘No’ to bailout package

July 2015 – GREECE – The euro fell sharply on Monday (local time) in Asia-Pacific trading after Greeks overwhelmingly rejected austerity measures demanded in return for bailout money. The euro initially fell about 1.4 percent against its U.S. counterpart but … Continue reading

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Everything counts in large amounts: Greek banks prepare plan to raid deposits to avert collapse

July 2015 – ATHENS, Greece – Greek banks are preparing contingency plans for a possible “bail-in” of depositors amid fears the country is heading for financial collapse, according to bankers and businesspeople with knowledge of the measures. The plans, which … Continue reading

Posted in Age of Decadence, Apathy, Anger, Mistrust, Disillusionment, Austerity, Bank Run, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Currency - Economic warfare, Depression and Anxiety, Economic Collapse, Fiat Money Printing Fiasco, Financial Market plunge, Financial market turmoil, Geopolitical Crisis, 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, Unemployment rising, Unsustainable Debt Burden, Widening gap between rich and poor | 3 Comments

Contagion fears: Greece poses risk to UK financial system, says Bank of England

July 2015 – LONDON – The precarious position of Greece could pose a risk to the financial system, the Bank of England has warned, as it pledged to intervene to insulate the UK from potential shockwaves caused by any escalation … Continue reading

Posted in Age of Decadence, Apathy, Anger, Mistrust, Disillusionment, Austerity, Bank Run, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Currency - Economic warfare, Cyber Attack, Depression and Anxiety, Economic Collapse, Fiat Money Printing Fiasco, Financial Market plunge, Financial market turmoil, Geopolitical Crisis, Greed and Corruption, Hoarding Resources, Political turmoil, The Pyramid Model, Troubled Banks, Unsustainable Debt Burden, Widening gap between rich and poor | 1 Comment

Is China’s stock market bubble bursting? Billions wiped off share values in June – the shock is only just beginning

July 2015 – CHINA – “Before leaving the world, I wish to say I concede defeat. With capital of 1.7 million yuan and four-times margin, I bet the entirety on China Railway Rolling Stock Corp (CRRC). I have only myself … Continue reading

Posted in Age of Decadence, Apathy, Anger, Mistrust, Disillusionment, Austerity, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Currency - Economic warfare, Depression and Anxiety, Economic Collapse, Economic Hardship or Loss, Fiat Money Printing Fiasco, Financial Market plunge, Financial market turmoil, Greed and Corruption, Hierarchal Control, Hoarding Gold, Hoarding Resources, New World Order, Resource War, Social Meltdown, Squandered Resources, Struggle for Survival, The Pyramid Model, Unsustainable Debt Burden, Widening gap between rich and poor | 3 Comments

Hopelessness and despair, as Greece slides into a black hole: nearly 50% of Greeks already living below poverty level

  June 2015 – GREECE – By scale alone, the financial crises rattling Greece and Puerto Rico seemingly have little in common. Greece, which late Tuesday defaulted on its loan to the International Monetary Fund, has about $263 billion in … Continue reading

Posted in Austerity, Bank Run, Banking Crisis, Bankruptcy, Boom and Bust Cycles, Civil Unrest, Currency - Economic warfare, Depression and Anxiety, Economic Collapse, Economic Hardship or Loss, Fiat Money Printing Fiasco, Financial Market plunge, Financial market turmoil, Geopolitical Crisis, Greed and Corruption, Hierarchal Control, Hoarding Resources, Infrastructure collapse, New World Order, Political Corruption, Protests, 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 | 3 Comments

Greece defaults on loan obligations – largest national default in history

July 2015 – GREECE – Cash-strapped Greece missed a 1.5 billion euros ($A2.17 billion) payment to the International Monetary Fund as last-ditch efforts to find a compromise with official EU lenders came to naught. The missed payment made Greece the … Continue reading

Posted in Apathy, Anger, Mistrust, Disillusionment, 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, Hoarding Resources, Infrastructure collapse, Political Corruption, Political turmoil, Protests, Squandered Resources, Struggle for Survival, Troubled Banks, Unemployment rising, Unsustainable Debt Burden, Widening gap between rich and poor | Leave a comment