Mar 07

The Ukraine is on track to be the next country that will be raped & pillaged by the IMF financial mafia.

Greece has been warned before:

“The International Monetary Fund is that last thing you need. You will lose your sovereignty. It exercises terrorism. You will be raped in such a way, that it will be the worst pain you have ever felt.”

So get rid of your self-proclaimed puppet government or suffer.


- Pensions in Ukraine to be halved – sequestration draft (RT, March 6, 2014):

The self-proclaimed government in Kiev is reportedly planning to cut pensions by 50 percent as part of unprecedented austerity measures to save Ukraine from default. With an “empty treasury”, reduction of payments might take place in March.

According to the draft document obtained by Kommersant-Ukraine, social payments will be the first to be reduced.

“The Finance Ministry has prepared a plan for optimizing budget expenditures, which implies budget sequestration is to be in force before the end of March. For this purpose, in particular, it has been proposed to reduce capital costs, eliminate tax schemes and preferences and to cut social benefits, for example, 50 percent of pensions to working pensioners,” Kommersant-Ukraine reported.

Ukraine’s Ministry of Social Policy reported on December 1, 2013, that an average pension in Ukraine is $160.
Right after the formation, the self-proclaimed government in Kiev announced that the “treasury is empty”.

Ukraine’s new prime minister, Arseny Yatsenyuk, promised the government would do its best to avoid a default, adding that he expects an EU/IMF economic stabilization package soon. The plan has been formulated in record time, with the government’s strategy ratified in the Ukrainian parliament on February 27, and the document being sent for evaluation to the Ministry of Economic Development and Trade on March 3.

The European Commission offered Ukraine an 11 billion euro loan if Kiev agrees a deal with the IMF, European Commission President Jose Barroso announced on Wednesday. As a rule, help from financial organizations such as the IMF or the World Bank normally includes drastic austerity measures.

Continue reading »

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Mar 06

- Crimea Parliament “Accelerates Crisis”, Votes To Join Russia (ZeroHedge, March 6, 2014):

While the world is convinced that Putin’s Tuesday press conference was an admission of blinking to the west, the reality is anything but that, and hours ago Crimea’s parliament voted to join Russia on Thursday and its Moscow-backed government set a referendum within 10 days on the decision in what Reuters said is a “a dramatic escalation of the crisis over the Ukrainian Black Sea peninsula.” To be sure, the Crimea – which has an ethnic Russian majority – affiliation to Moscow as opposed to Kiev is well-known, yet still the sudden acceleration of moves to bring Crimea formally under Moscow’s rule came as European Union leaders gathered for an emergency summit to seek ways to pressure Russia to back down and accept mediation. And now all Putin has to do is sit back and say the people have spoken and without spilling a drop of blood has effectively split the country in two parts, with the entire east of Ukraine, where pro-Russian sentiment also runs high – sure to follow Crimea. Just as we said from the very beginning.

From Reuters:

The Crimean parliament voted unanimously “to enter into the Russian Federation with the rights of a subject of the Russian Federation”. The vice premier of Crimea, home to Russia’s Black Sea military base in Sevastopol, said a referendum on the status would take place on March 16. The announcement, which diplomats said could not have been made without Russian President Vladimir Putin’s approval, raised the stakes in the most serious east-west confrontation since the end of the Cold War. Continue reading »

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Mar 06

- Amnesty International Calls on International Community to Cut Off Arms to Israel (Veterans News Now, March 1, 2014):

Amnesty International  has released a report urging “the USA, the European Union and the rest of the international community to suspend all transfers of munitions, weapons and other equipment to Israel.”

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Mar 06

- “Behind The Kiev Snipers It Was Somebody From The New Coalition” – A Stunning New Leak Released (ZeroHedge, March 5, 2014):

The last time a leaked phone call out of Ukraine was released about a month ago ostensibly by the Russian NSA equivalent, one between US assistant sec state Victoria Nuland and the US envoy to the Ukraine, Geoffrey Pyatt, it was revealed that the real puppet masters behind the Maidan movement, and the true instigators of the Ukraine “revolution” were none other than the “developed” world superpowers, lead by the US. Also revealed were tensions between the US and EU strategies on how to overthrow the current government, culminating with the infamous “Fuck the EU.” Needless to say the US, which implicitly confirmed the recording, was angry at Russia and accused it of using dirty tricks.

That’s ironic, because when it comes to “dirty tricks” what is about to be presented, blows the top off anything Russia may or has done to date.

Continue reading »

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Mar 05


YouTube

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Mar 05


YouTube Added: Mar 5, 2014

Description:

The snipers who shot at protesters and police in Kiev were allegedly hired by Maidan leaders, according to a leaked phone conversation between the EU foreign affairs chief Catherine Ashton and Estonian foreign affairs minister, which has emerged online.

- Kiev snipers hired by Maidan leaders – leaked EU’s Ashton phone tape (RT, March 5, 2014):

he snipers who shot at protesters and police in Kiev were allegedly hired by Maidan leaders, according to a leaked phone conversation between the EU foreign affairs chief Catherine Ashton and Estonian foreign affairs minister, which has emerged online.

“There is now stronger and stronger understanding that behind the snipers, it was not Yanukovich, but it was somebody from the new coalition,” Paet said during the conversation.

Continue reading »

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Mar 05

Related info:

- It Begins: Gazprom Warns European Gas ‘Supply Disruptions’ Possible#


Gazprom-Logo

- Ukraine Won’t Pay Russia For Gas, Has Billions In Obligations Due; Europe Promises Aid Money It Doesn’t Have (ZeroHedge, March 4, 2014):

About an hour ago, the head of Russia’s top natural gas producer Gazprom said on Wednesday that Ukraine had informed the company it could not pay for February gas deliveries in full, further adding to tensions between Moscow and Kiev. Alexei Miller said Ukraine’s total debt to Gazprom for gas deliveries was nearing $2 billion. “Our Ukrainian colleagues informed us that they would not be able to pay in full for February gas deliveries,” he told Russian President Vladimir Putin.

As reported by Reuters, Miller added that Ukraine managed to redeem only $10 million on Wednesday from a total debt of $1.529 billion. He said that Ukraine’s debt would rise by $440 million on March 7, a deadline for payments. In other words, as of this moment the Ukraine already owes Russia $2 billion, or about double what John Kerry announced to much fanfare, the US would provide the country with in terms of aid. And considering that yesterday Gazprom announed that beginning in April it would end the gas pricing discount to the Ukraine, which lowered the price of gas to $268.5 per 1,000 cubic metres from around $400, this accrual is only set to get bigger with every passing day, and very soon Ukraine may get no Russian gas at all which was and continues to be the biggest leverage Russia has over the country which nuclear power plants provide less than half of its electricity needs.

Continue reading »

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Mar 05

PIMCO is an autonomous subsidiary of Allianz.

Nobody in his right mind (let alone Bill Gross, ‘the king of bonds’) would by toxic European debt.

I highly doubt that PIMCO is a FOMO (aka Fear of Missing Out) buyer.

From the article:

Recall that it was the IMF itself which said in October of 2012 that European banks needs to sell $4.5 trillion in assets until 2014.”

The elitists are intentionally running everything into the ground and there will be nothing left.

Again, prepare for total collapse.


billl-gross

- PIMCO To Buy Billions In European Toxic Debt (ZeroHedge, March 5, 2014)

Earlier today we were surprised when none other than uber central-planning skeptic, not to mention bond fund manager, Bill Gross threw in the towel and in his latest letter advocated the purchase of risk assets – and Bill Gross is the last person needing reminding that in a day and age when the 10 Year yields just barely over 2.5%, this means not bonds but stocks. The surprise, however, promptly disappeared when we realized that PIMCO is merely the  latest entrant in the scramble for yield game following, with a substantial delay to all of its other “alternative” asset management peers, right into ground zero: European toxic debt.

Continue reading »

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Mar 04

- It Begins: Gazprom Warns European Gas “Supply Disruptions” Possible (ZeroHedge, March 4, 2014):

We had previously warned that Putin’s “trump card” had yet to be played and with Obama (and a quickly dropping list of allies) preparing economic sanctions (given their limited escalation options otherwise), it was only a matter of time before the pressure was once again applied from the Russian side. As ITAR-TASS reports, Russia’s Gazprom warned that not only could it cancel its “supply discount” as Ukraine’s overdue payments reached $1.5 billion but that “simmering political tensions in Ukraine, that are aggravated by inadequate economic conditions, may cause disruptions of gas supplies to Europe.” And with that one sentence, Europe will awaken to grave concerns over Russia’s next steps should sanctions be applied.

It would appear this is the most important map in Europe once again…

russian-gas-supplies-to-europe-via-ukraine

Some recent history… Continue reading »

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Mar 03

- Polish tanks mobilized to the border of Ukraine (Intellihub, March 3, 2014):

POLAND – The conflict in Ukraine begins to expand as countries allied with the European Union are rattling sabers with Russia over control of the struggling country.  It was reported by multiple sources yesterday, that Poland is now involved with the conflict, as they began massing troops and tanks along their border with Ukraine.

Poland’s Prime Minister Donald Tusk said on Sunday it was essential to prevent Russia’s seizure of Crimea expanding into a wider regional conflict.

Continue reading »

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Mar 03

- Russia Warns Kerry’s “Threats Are Unacceptable” As Europe Weighs Sanctions (ZeroHedge, March 3, 2014):

Russia has lashed out following comments from US Secretary of State John Kerry:

  • *RUSSIA SAYS KERRY THREATS ARE `UNACCEPTABLE’
  • *RUSSIA SAYS KERRY ISN’T ANALYSING SITUATION IN UKRAINE
  • *KERRY IS USING COLD WAR SLOGANS, RUSSIA FOREIGN MINISTRY SAYS

In comments on the Russian foreign ministry website, Lavrov added:

  • *RUSSIAN MEASURES IN UKRAINE ARE `REASONABLE,’ `LEGAL’: FOR.MIN.
  • *U.S., ALLIES IGNORED VIOLENCE, RUSSOPHOBIA IN UKRAINE PROTESTS
  • *G-8 HALT OF PREPARATIONS FOR SUMMIT IS UNCONSTRUCTIVE: RUSSIA

Continue reading »

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Mar 03

- The Phone Call (ZeroHedge, March 2, 2014):

The phone-calls are flying. On the heels of yesterday’s Obama-Putin “discussion”, today has seen Merkel drop him a line (with the resultant claim that Putin has accepted a “fact-finding mission” despite all evidence to the contrary); and then Merkel, Obama, and Cameron got on a party-line to discuss “sanctions”.

In the face of this seriousness, we suspect, however, any of the calls to Putin all had a similar dialogue… Continue reading »

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Mar 02

- ‘Treasury empty’, Ukraine’s economy in free fall (RT, Feb 27, 2014):

Ukraine’s new Prime Minister, opposition leader Arseny Yatsenyuk, has promised the government would do its best to avoid a default, a difficult task as the country’s treasury is empty and the economy is in disarray.

Yatsenyuk says he expects an EU/IMF economic stabilization package soon, but didn’t give any specifics on timing.

Strengthening ties with the European Union and the International Monetary Fund will remain a priority as Ukraine rebuilds, Yatsenyuk said on Thursday in Kiev, Itar-Itass reported.

Yatsenyuk said negotiations with Russia would continue, and he considers the neighboring country “a partner”.

Continue reading »

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Mar 01

rome

- Near-Bankrupt Rome Bailed Out As Italy Unemployment Rises To All Time High, Grows By Most On Record In 2013 (ZeroHedge, March 1, 2014):

A few days ago, we reported that, seemingly out of the blue, the city of Rome was on the verge of a “Detroit-style bankruptcy.” In the article, Guido Guidesi, a parliamentarian from the Northern League, was quoted as saying “It’s time to stop the accounting tricks and declare Rome’s default.” Of course, that would be unthinkable: we said that if “if one stops the accounting tricks, not only Rome, but all of Europe, as well as the US and China would all be swept under a global bankruptcy tsunami. So it is safe to assume that the tricks will continue. Especially when one considers that as Mirko Coratti, head of Rome’s city council said on Wednesday, “A default of Italy’s capital city would trigger a chain reaction that could sweep across the national economy.” Well we can’t have that, especially not with everyone in Europe living with their head stuck in the sand of universal denial, assisted by the soothing lies of Mario Draghi and all the other European spin masters.” And just as expected, yesterday Rome was bailed out. Continue reading »

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Mar 01

- Britain Summons Russian Ambassador; Russian Ambassador To US May Be Recalled (ZeroHedge, Mar 1, 2014):

While various organizations are scrambling to meet on short notice, or not so short if one is a European finance minister, the diplomatic fallout has begun with the summoning of the Russian Ambassador in Great Britain to the foreign office.

 

This was to be expected. More interest will be whether Russia will “summon” its ambassador to the US as the upper house of parliament has demanded of Putin: Continue reading »

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Feb 28

rome

- Rome Is On The Verge Of Detroit-Style Bankruptcy (ZeroHedge, Feb 27, 2014):

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 Draghi’s own words from November 2011 that a QE intervention is virtually impossible), increasingly more of Europe is trading just as safe, if not more, as the United States. And in keeping with the analogies, considering a major US metropolitan center, Detroit, recently went bankrupt, it is only fair that Europe should sacrifice one of its own historic cities to the gods of negative cash flows. The city in question, Rome, which as the WSJ reports, is “teetering on the brink of a Detroit-style bankruptcy.”

Rome, the eternal city, which survived two millennia of abuse from everyone may be preparing to lay its arms at the hands of unprecedented corruption, capital mismanagement and lies. Continue reading »

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Feb 25

FYI.


- US warns Russia it would be a ‘grave mistake’ to send its military into Ukraine (Daily Mail Feb 23, 2014):

  • Susan Rice, Obama’s national security adviser said it is not in interests to see the country split
  • ‘It’s in nobody’s interest to see violence return and the situation escalate,’ Rice said today in interview
  • Opposition politician captured kissing daughter Yevgenia upon her arrival to Kiev’s iconic Independence Square
  • Ukrainian parliament voted to oust Mr Yanukovych – duties temporarily handed over to Oleksander Turchinov

America has warned Russia it would be a ‘grave mistake’ to send military forces into Ukraine as its new leader said it wants to integrate with the European Union. 

Susan Rice, President Barack Obama’s national security adviser said it is not in the interests of Ukraine, Russia, Europe or the United States to see the country split.

Continue reading »

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Feb 25

Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

- Democracy Murdered By Protest — Ukraine Falls To Intrigue and violence (Paul Craig Roberts, Feb 23, 2014):

Who’s in charge? Certainly not the bought-and-paid-for-moderates that Washington and the EU hoped to install as the new government of Ukraine. The agreement that the Washington and EU supported opposition concluded with President Yanukovich to end the crisis did not last an hour. Even the former boxing champion, Vitaly Klitschko, who was riding high as an opposition leader until a few hours ago has been booed by the rioters and shoved aside. The newly appointed president by what is perhaps an irrelevant parliament, Oleksandr Turchynov, has no support base among those who overthrew the government. As the BBC reports, “like all of the mainstream opposition politicians, Mr. Turchynov is not entirely trusted or respected by the protesters in Kiev’s Independence Square.”

Continue reading »

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Feb 25

From the article:

“Under the terms of the European Union offer of last year … the EU was offering $160 million per year for the next five years while the bond repayments to the International Monetary Fund alone were greater than that amount,” wrote Ben Aris, editor of Business New Europe magazine. “In contrast, Russia offered $15 billion in cash and immediately paid $3 billion.”

The EU deal also mandated certain trade restrictions that would have hindered the development of Ukraine’s fragile economy. “Had Yanukovych accepted the EU deal, the country would have collapsed,” Aris insists.

FYI.


UKRAINE-UNREST-EU-RUSIA-POLITICS

- Ukraine: What the hell just happened? (Global Post, Feb 24, 2014):

BUZZARDS BAY, Mass. — The images have been burned into the world’s consciousness: a huge square filled with protesters; black smoke billowing over a beautiful and historical city. Bodies are rushed by on stretchers, angry voices are raised. A man with his feet on fire dances madly around before someone shoves him to the ground to smother the flames.

Whatever else the recent events in Ukraine may ultimately bring in their wake, they certainly were telegenic.

Continue reading »

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Feb 22

Photo illustration used for the EU's Horizon 2020 programme. Image: European Commission
Photo illustration used for the EU’s Horizon 2020 programme. Image: European Commission

- EU freezes research and student exchange funds (The Local, Feb 16, 2014):

In a tit-for-tat retaliation, the European Union has frozen research grants for Swiss universities worth hundreds of millions of euros and suspended the involvement of Switzerland in the Erasmus student exchange programme.

A spokesman for the EU announced the freeze on Sunday, a day after after Bern announced it had refused to sign a deal opening labour market access to Croatia, the ATS news agency reported.

Continue reading »

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Feb 22

See also:

- Dr. Paul Craig Roberts: US, EU Paying Ukrainian Rioters, Protesters


Before And After Picture Of Kiev

Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

- Washington Orchestrated Protests Are Destabilizing Ukraine (Paul Craig Roberts, Feb 12, 2014):

By Dr. Paul Craig Roberts

The protests in the western Ukraine are organized by the CIA, the US State Department, and by Washington- and EU-financed Non-Governmental Organizations (NGOs) that work in conjunction with the CIA and State Department. The purpose of the protests is to overturn the decision by the independent government of Ukraine not to join the EU.

The US and EU were initially cooperating in the effort to destroy the independence of Ukraine and make it a subservient entity to the EU government in Brussels. For the EU government, the goal is to expand the EU. For Washington the purposes are to make Ukraine available for looting by US banks and corporations and to bring Ukraine into NATO so that Washington can gain more military bases on Russia’s frontier.

Continue reading »

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Feb 21

- Ukraine May Or May Not Have A Deal As S&P Warns Of Sovereign Default (ZeroHedge, Feb 21, 2014):

Several hours ago, and a day after the latest truce lasted about a few minutes before the the shooting returned and resulted in the bloodiest day of Ukraine’s protests so far, there was hope that the situation in Ukraine may finally be getting resolved, when Ukraine’s President Viktor Yanukovich announced plans for early elections in a series of concessions to his pro-European opponents. As Reuters reported earlier, Russian-backed Yanukovich, under pressure to quit from mass demonstrations in central Kiev, promised a national unity government and constitutional change to reduce his powers, as well as the presidential polls. He made the announcement in a statement on the presidential website without waiting for a signed agreement with opposition leaders after at least 77 people were killed in the worst violence since Ukraine became independent 22 years ago. This comes in the aftermath of S&P’s announcement overnight that the Ukraine will default in absence of favorable changes.

Continue reading »

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Feb 21

- Diplomatic talks in Ukraine last until dawn, a day after 100 may have died (CNN, Feb 20, 2014):

Kiev, Ukraine (CNN) — Protests. Talks. Violence. Protests. Talks. Violence.

By early Friday morning, the lone positive point was that — for the time being — Ukraine’s cycle of political and physical infighting was not then at its bloodiest point, as it had been hours earlier.

Opposition medics said that 100 protesters died Thursday in clashes with police, when gunfire was unleashed.

The government places the toll much lower.

The health ministry puts the total death toll since Tuesday at 77. Twenty-six of them had been previously reported for Tuesday alone.

Another 577 people have been injured; 369 of those were hospitalized, the ministry said.

The Foreign ministers of Germany, France and Poland met with Ukrainian President Viktor Yanukovych and with the opposition overnight.

Continue reading »

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Feb 20

- European Union Commits To Sanctions Against Ukraine (ZeroHedge, Feb 20, 2014):

Following hours of talks between three European foreign ministers and Ukrainian President Viktor Yanukovych in Kiev, the EU has decided to go ahead with sanctions:

  • *EU COMMITS TO SANCTIONS AGAINST UKRAINE
  • *EU TO WORK OUT UKRAINE ASSET FREEZE, VISA BAN SOON
  • *EU TO SUSPEND UKRAINE EXP0RT LICENSES FOR `REPRESSIVE’ GEAR

Having already proclaimed this move as “blackmail”, we are sure the Russians will be utilizing this move to further their support for the catastrophically divided nation.

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Feb 18

- China Sold Second-Largest Amount Ever Of US Treasurys In December: And Guess Who Comes To The Rescue (ZeroHedge, Feb 18, 2014):

While we will have more to say about the disastrous December TIC data shortly, which was released early today, and which showed a dramatic plunge in foreign purchases of US securities in December – the month when the S&P soared to all time highs and when everyone was panicking about the 3% barrier in the 10 Year being breached and resulting in a selloff in Tsy paper – one thing stands out. The chart below shows holdings of Chinese Treasurys (pending revision of course, as the Treasury department is quite fond of ajdusting this data series with annual regularity): in a nutshell, Chinese Treasury holdings plunged by the most in two years, after China offloaded some $48 billion in paper, bringing its total to only $1268.9 billion, down from $1316.7 billion, and back to a level last seen in March 2013! 

China TSY Holdings DEC

This was the second largest dump by China in history with the sole exception of December 2011.

Continue reading »

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Feb 16

Oh, sure!

See also:

- Snowden: NSA Is ‘In Bed With The Germans’

- GCHQ And European Spy Agencies Worked Together On Mass Surveillance

- Germany’s BND Cooperated With NSA As Merkel Denied Knowledge

Research the connections between the Nazis and the creation of the BND & the CIA and you’ll know exactly what is really going on here.


- Germany, France to mastermind European data network – bypassing US (RT, Feb 16, 2014):

Angela Merkel and Francois Hollande will review plans to build up a trustworthy data protection network in Europe. The challenge is to avoid data passing through the US after revelations of mass NSA spying in Germany and France.

Merkel has been one of the biggest supporters of greater data protection in Europe since the revelations that the US tapped her phone emerged in a Der Spiegel news report in October, based on information leaked by former NSA contractor Edward Snowden.

Continue reading »

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Feb 16

- “Money Launderer Until Proven Innocent” – Italy Imposes 20% Tax Withholding On All Inbound Money Transfers (ZeroHedge, Feb 16, 2014):

While the propaganda surrounding Europe’s “recovery” has reached deafening levels, what is going on behind the scenes is quite the opposite, and in the latest example that Europe is increasingly formalizing a regime of implicit capital controls, we learn that Italy has just ordered banks to withhold a 20% tax on all inbound wire transfers: a decree which on to of everything will apply retroactively to February 1. As Il Sole reports, “the deductions will be automatic (unless prior request for exclusion), and then it will be up to the taxpayer to prove that the money is not in the nature of compensation “income.” In other words, as of this moment, but really starting two weeks ago, all Italians are money launderers unless proven innocent. Continue reading »

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Feb 15

internet

- Linking to free stuff is not piracy, EU rules (RT, Feb 14, 2014):

Managing a site with links to freely available copyrighted content does not amount to online piracy, an EU court has ruled. The justices advised their Swedish colleagues, who are reviewing a journalists’ lawsuit against a link-hosting website.

The case involves four journalists from Göteborgs-Posten newspaper, who believe they sustained damages from the website Retriever Sverige, which provides users with clickable links to various online publications.

Continue reading »

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Feb 15

20 Signs That The Global Economic Crisis Is Starting To Catch Fire

- 20 Signs That The Global Economic Crisis Is Starting To Catch Fire (Economic Collapse, Feb 14, 2014):

If you have been waiting for the “global economic crisis” to begin, just open up your eyes and look around.  I know that most Americans tend to ignore what happens in the rest of the world because they consider it to be “irrelevant” to their daily lives, but the truth is that the massive economic problems that are currently sweeping across Europe, Asia and South America are going to be affecting all of us here in the U.S. very soon.  Sadly, most of the big news organizations in this country seem to be more concerned about the fate of Justin Bieber’s wax statue in Times Square than about the horrible financial nightmare that is gripping emerging markets all over the planet.  After a brief period of relative calm, we are beginning to see signs of global financial instability that are unlike anything that we have witnessed since the financial crisis of 2008.  As you will see below, the problems are not just isolated to a few countries.  This is truly a global phenomenon.

Over the past few years, the Federal Reserve and other global central banks have inflated an unprecedented financial bubble with their reckless money printing.  Much of this “hot money” poured into emerging markets all over the world.  But now that the Federal Reserve has begun “tapering” quantitative easing, investors are taking this as a sign that the party is ending.  Money is being pulled out of emerging markets all over the globe at a staggering pace and this is creating a tremendous amount of financial instability.  In addition, the economic problems that have been steadily growing over the past few years in established economies throughout Europe and Asia just continue to escalate.

The following are 20 signs that the global economic crisis is starting to catch fire: Continue reading »

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Feb 13

- Europe Considers Wholesale Savings Confiscation, Enforced Redistribution (ZeroHedge, Feb 13, 2014):

At first we thought Reuters had been punk’d in its article titled “EU executive sees personal savings used to plug long-term financing gap” which disclosed the latest leaked proposal by the European Commission, but after several hours without a retraction, we realized that the story is sadly true. Sadly, because everything that we warned about in “There May Be Only Painful Ways Out Of The Crisis” back in September of 2011, and everything that the depositors and citizens of Cyprus had to live through, seems on the verge of going continental. In a nutshell, and in Reuters’ own words, “the savings of the European Union’s 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis, an EU document says.” What is left unsaid is that the “usage” will be on a purely involuntary basis, at the discretion of the “union”, and can thus best be described as confiscation.

Continue reading »

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