Enter professor Douglas McWilliams, 63, head of the well-known Centre for Economic and Business Research (CEBR) think tank and one of the most prominent modern economists, in fact in his own words “one of the world’s leading economists…best known for his work in forecasting” as well as advisor (and cheerleader) to none other than UK Chancellor George Osborne. Continue reading »
The ink is not even dry on the much fought extension of the Greek bailout, so hated in Greece because it perpetuates the “austerity” memorandum conditions and already Spain, which as a reminder is suddenly not on very good speaking terms with the Syriza government, is stoking the anti-austerity fire in Athens even more when moments ago Spain’s Guindos revealed that not only is a third Greek bailout imminent, and will cost Europe’s (and America’s via the IMF) taxpayers between €30 and €50 billion, but that Spain, whose banks were completely insolvent as recently as 2 years ago and were only “saved” thanks to the ECB’s direct and indirect (repo) bond monetization pathways will provide between 13% and 14% of the funding!
“THIRD GREEK RESCUE’ TO BE EU30B-EU50B: SPAIN’S DE GUINDOS
SPAIN TO PROVIDE 13-14% OF EU30B-EU5O 3RD GREEK RESCUE: GUINDOS
What makes the announcement doubly ironic (the broke bailout out the insolvent, or is the bankrupt saving the liquidating?), is that after yesterday’s allegation by Tsipras that there was a “conspiracy” between Spain and Portugal to derail the new Greek government, earlier today German Finance Ministry spokesman Martin Jaeger tells reporters in Berlin that “Tsipras’ remarks that Spain and Portugal took negotiations over Greece’s bailout to the brink of failure in a bid to avoid domestic political consequences was “a very unusual foul play.” Continue reading »
For all the attention given to Greece, is Portugal really that much better off?
Even a brief glance at the facts suffices. Portugal is no less bankrupt than Greece. The country’s government debt, at 124% of GDP, might be lower than in Greece. However, government debt is just one – even though important – part of the full debt picture.
On an aggregate level, Portugal’s overall debt level — at 381% of GDP when also including private households and non-financial corporations — is well above Greece’s total debt level (286% of GDP).Continue reading »
Greek short-term default risk jumped over 300bps today putting the odds of a restructuring at 50-50 within the next year as the warnings we issued last week with regard Greece’s imminent default on its IMF loan loom. Seeking to reassure its lenders (and avoid yet more capital flight), Reuters reports the Greek government said it was “exploring solutions,” including delaying payments to suppliers or try to raise up to 3 billion euros by borrowing from state entities such as pension funds. Continue reading »
As Russia announces the expansion of its Navy by 50 vessels this year, including two new nuclear-powered submarines and an aircraft carrier, it appears NATO’s sabre-rattling has drawn a response/threat/warning. Following British plans to send military ‘advisers’ into Ukraine (which NATO has stated are not confirmed), TASS reports, Russia’s NATO envoy, Alexander Grushko, warns Russia will take all measures against possible NATO threat in Ukraine, adding that Russia’s response may include military measures. Continue reading »
“The Fed is out of control,” exclaims David Stockman – perhaps best known for architecting Reagan’s economic turnaround known as ‘Morning in America’ – adding that “people don’t want to hear the reality and the truth that we’re facing.” The following discussion, with Harry Dent, outlines their perspectives on the looming collapse of free market prosperity and the desctruction of American wealth as policymakers “take our economy in a direction that is dangerous, that is not sustainable, and is likely to fully undermine everything that’s been built up and created by the American people over decades and decades.” The Fed, Stockman concludes, “is a rogue institution,” and their actions have led us to “one of the scariest moments in our history… it’s a festering time-bomb and we’re not sure when it will explode.”
The National Vaccine Information Center has issued an alert for Texans to help stop forced vaccination and government coercion in their home state. A total of nine bills are currently pending in the Texas state legislature that threaten medical choice and fundamental human rights.
These laws are the extension of the current wave of vaccine hysteria sweeping America thanks to an aggressive new push toward medical fascism by the mainstream media.
These bills blatantly violate the American Medical Association’s published Code of Ethics which require informed consent for all medical interventions. But medical extremism in America today is not bound by anything resembling medical ethics, and if these Texas lawmakers get their way, every person living in Texas will be tracked like dogs with a government-run vaccine status database that will almost certainly be used to conduct house-to-house SWAT raids and arrests of those who refuse to be vaccinated. Continue reading »
Another reason to doubt the “Blame Putin” chorus we are already seeing in the corporate media is the manner in which the shooting took place, in public, in front of the girlfriend, to generate the maximum publicity. If Putin had really wanted to kill this guy, it would have been a “suicide” in private or a small plane crash, the way the US Government handles assassinations.Continue reading »
The city of Handan in Hebei province is the birthplace of Qin Shihuang, the first emperor of China. That illustrious history isn’t apparent today. Aging, coal-burning steel factories belch grime over the city of 1 million, one of China’s 10 most polluted. Dotting the downtown area are half-constructed high-rises, relics of a property bubble that started more than five years ago but was finally punctured last summer after the central government in Beijing curtailed credit and developers stopped paying creditors. Locals who lost their savings in dodgy real estate investments regularly block city streets in angry protests, demanding their money back from the developers. Continue reading »
A WhiteHouse.gov petition calling for the prohibition of laws requiring mandatory vaccines has been throttled by the White House, buried from public view and finally frozen for over 36 hours to prevent the petition from achieving 100,000 signatures, Natural News can now reveal.
The petition, which was rapidly headed toward the 100,000 signatures needed to trigger a response from the White House, was frozen mid-day Friday and has remained stuck at 56,791 signatures for over 36 hours.
The petition is titled “PROHIBIT ANY LAWS MANDATING THE FORCE AND REQUIREMENT OF VACCINATIONS OF ANY KIND.” It can be found at this link.
Slowly, all the lies of the “recovery”, all the skeletons in the closet, and all the bodies swept under the rug are emerging.
Moments ago, Austrian ORF reported that there have been “spectacular developments” in the case of the Hypo Alpe Adria bad bank, also known as the Heta Asset Resolution, where an outside audit of Heta’s balance sheet exposed a capital hole of up to 7.6 billion euros ($8.51 billion) which the government was not prepared to fill, the Austrian Financial Market Authority said.
As a result, according to Reuters, the bad bank that was created in the aftermath of the Hypo collapse, is itself about to be unwound, as the bad bank itself goes bad!Continue reading »
In case the world needed any more geopolitical risk “hotspots”, overnight Venezuela’s flailing president Nicolas Maduro, faced with an unprecedented economic crisis at home, decided to do what most authoritarian rulers do when faced with imminent civil unrest: point the finger abroad, and in this case, at Washington, as a distraction. With crude oil plunging, with opposition leaders being arrested, and with the economy generally in shambles, Venezuela has in recent weeks accused the United States of being behind an alleged coup plot. Then overnight, Maduro switched from broad generalizations to specifics when, as CNN reports, Maduro said Saturday an unspecified number of Americans were arrested “a few days ago” for engaging in espionage and recruitment activities.Continue reading »
The top picture is, obviously, Anna Duritskaya, Nemtsov’s femme fatale of the last day of his life. The next pictures show Nemtsov in the company of an elite call girl by the name of Nastya Ognyeva, during his “vacation” in Dubai in 2012. While Oleg Lyashko most likely was not in love with Nemtsov, the photo nevertheless shows that Nemtsov fell in with a lot of bad company…Whoever is investigating his murder no doubt has many leads to follow up on. Continue reading »
Honestly, I never thought the day would come where I would have anything good to say about the Russian “liberal” or “democratic” “non-system” opposition but apparently this day has come today. To my surprise, all the leaders of this opposition have so far made very moderate and reasonable statement and all those which I have heard have apparently dismissed the notion that the Kremlin was behind the murder. Now this might be self-evident for most of us, but for the Russian “liberal” or “democratic” “non-system” opposition this is quite a change of tone. Many have even said that this murder was a “provocation” (which in this context means “false flag”!) to destabilize Russia and create a crisis. Even Irina Khakamada, normally a real crackpot, has said that this was either a “provocation” or the action of a small group of extremists. Continue reading »
Already in February 2012 (two years ago!) Putin was warning Russians about exactly the kind of false flag which we just saw happening with the murder of Nemtsov. See for yourself:
Note: the Russian word “provocatsiia” is often translated as “provocation” which is not incorrect as long as you are aware that in Russian “provocation” can mean “false flag”, as it does in this context. Putin is clearly warning about a false flag “sacrifice”. Continue reading »
Because he can’t get Congress to approve the things that he wants to do, Barack Obama has apparently decided to rule by decree for the rest of his time in the White House. One of Obama’s latest moves is to try to ban some of the most popular ammunition for the most popular rifle in America. Previously, the Obama administration attempted unsuccessfully to ban the AR-15. That didn’t work, so now Obama is going after the ammunition. This is yet another example of the war on preppers that is going on all over the nation. Whether you are a gun owner or not, this assault on our constitutional rights should disturb you greatly. Barack Obama has promised to try to squeeze as much “change” as possible out of his last two years, and in the process he is “fundamentally transforming” America. But what will our country look like when he is done?
As promised, President Obama is using executive actions to impose gun control on the nation, targeting the top-selling rifle in the country, the AR-15 style semi-automatic, with a ban on one of the most-used AR bullets by sportsmen and target shooters. Continue reading »
This post explains the liberties guaranteed in the Bill of Rights – the first 10 amendments to the United States Constitution – and provides a scorecard on the extent of the loss of each right. Continue reading »