The National Bank of Ukraine has projected an economic decline of 15 percent for the first quarter of 2015, Ukrainian media have reported, citing the bank's March report on inflation, projects continuing decline through the first three quarters of the year.
Investment funds, governments and central banks have been secretly buying up and storing physical gold in anticipation of an event that will leave the U.S. dollar effectively worthless and governments around the world angling for a new global currency mechanism,
Greece is preparing to leave the Euro zone and will nationalize its banks. Jobs reports shows the economy is no recovery but headed for a major collapse. Full time hard to come by, US is pushing a part-time recovery. Younger people in US cannot find jobs, many retiree’s are not receiving interest on their retirement and they need to get jobs. IMF planning to tax every ones savings, retirement to bailout the bankers. Ukraine introduces martial law bill. Saudi Arabia drops weapons to pro-Hadi forces. US getting involved in Yemen by refueling planes, firing missiles and giving Intel to Saudi Arabia
Russia aims to become the first country in the BRICS group of leading emerging economies to ratify an agreement on the foreign currency reserve pool; Russian Foreign Ministry Ambassador-at-Large Vadim Lukov.
BRICS countries are discussing the creation of a new independent rating agency to counter the geopolitically-biased economic assessment by Western ratings agencies.
Drought in California is getting a lot worse. Snow pack levels in e Sierra Nevada mountains lowest ever recorded. California is turning back into a desert, now has a population of 38 million people. This is not sustainable in the long-term. So when the water runs out, where are they going to go?
Greek finance minister Yanis Varoufakis will travel to Washington to meet with International Monetary Fund Managing Director Christine Lagarde and unspecified US Treasury officials, the Greek government has announced.
Greece's government is drawing up contingency plans to nationalize the country's banks and introduce a parallel currency, as the cash-strapped country teeters on the brink of defaulting on a key international loan. “We will shut down the banks and nationalize them, issue IOUs if we have to, we all know what this means. What we will not do is become a protectorate of the EU.
As the United States continues to beg ally after ally to forgo joining the China-led Asian Infrastructure Investment Bank (AIIB), key nations have, nevertheless, ignored that plea. The UK, Turkey, and Australia have already applied, among others. But the latest application might sting the most, as PM Netanyahu tosses Israel’s name into the mix.
The revival of the ‘Great Silk Road’ that once linked China, Central Asia, and Europe won’t stop at transport, but will build a “new platform” for economic development between China, Russia and Mongolia; Chinese Foreign Minister Wang Yi.
Greek Finance Minister Yanis Varoufakis: cryptocurrency will be implemented with computerized card with a chip, distributed free to Greek citizens, available for purchase at country’s entry points for 45 euros to tourists; revenue for Greece. Move to beat corruption, tax evasion, all transactions will be recorded to Greek Ministry of Finance, able to track transanctions at any given moment.”
Highly sensitive financial details from loan applications are being sold to scammers and cold-calling firms, the Mail can reveal. Details of how much money applicants asked for, why the cash was needed and why the application was rejected are all being stored on lists and traded.
Greek Interior Minister Nikos Voutzis: "If no money is flowing to 9 April, we will first determine the salaries, pensions pay here in Greece and then ask our partners abroad to achieve consensus and understanding that we will pay 450 million euros to the IMF not on time." Russia and China are "complementary to an agreement with the European partners" new Greek "Plan A, "We want Russia helping us rebuild the Greek economy, with trade agreements, purchase of government bonds.
As Russia assumes the chairmanship of the BRICS business council, the launch of the New Development Bank for its members will begin as an alternative to the US-dominated International Monetary Fund (IMF), an economic association made up of Brazil, Russia, India, China and South Africa.
China’s finance ministry: government of Denmark announcing its intention to join the AIIB as a founding member. Earlier, Russia announced its decision to join the AIIB a day after Brazil accepted an invitation from China. The Netherlands and Australia also announced their intent to become members.
There are currently 41 million Americans who collectively have about $1.1 Trillion in loans outstanding. That means about 13.5 million Americans are currently delinquent on roughly $350 billion in student loan debt.
Greek Prime Minister Alexis Tsipras addressed parliament last night, making clear his readiness to implement austerity measures dictated by the country’s international creditors, Debt Syriza inherited from the New Democracy/PASOK government larger than had been presented. It was now time to face the truth, ready to make an “honest compromise” with creditors.
Ukraine is expected to import around 300 million cubic meters of Russian gas and transfer $105 million for it. Last week Gazprom said the latest tranche worth $15 million would be sufficient for gas supplies till the end of the month or April 1.
The Pentagon is considering how to attract and retain the best and the brightest people in areas like cyber-technology, even if that means easing recruitment standards and hiring older people or offering incentives like student loan repayment.
Mainland China could soon implement a full-scale economic stimulus due to the threats of deflation and stagnation, adding to the piles of cash being printed by Japanese and European mints, rendering monetary equivalent less valuable and investment less powerful across the globe.
US hedge fund billionaire George Soros said he will invest $1 billion in Ukraine provided the West improves investment conditions, and warned there is no such thing as a ‘benevolent investor’. This must generate a profit.
Hong Kong is taking steps to intensify relations with its Asian neighbors has already signed Investment promotion and protection agreement (IPPA) with Myanmar and Bahrein and later this year will continue similar consultations with UAE and Russia.
South Korea said on Thursday it has decided to seek to be a founding member of the Asian Infrastructure Investment Bank (AIIB), another key U.S. ally joining the China-led institution despite Washington's misgivings.
The UK has become the first country in Europe to open a yuan-denominated money market fund, cutting out the middle man for investing in China. The exchange-traded fund is listed on the London Stock Exchange, with trading available in pounds, euro, and yuan,
Australia appears poised to join the Asian Infrastructure Investment Bank after months of signaling its reluctance to become a member. Prime Minister Tony Abbott said last week that joining the AIIB was something the country would support, as long as there would be assurances of transparency and good governance.
Tsipras stressed that just like his social democratic and conservative predecessors, he was ready to continue the austerity measures in close cooperation with the EU and the German government. “We need to better understand ourselves,” said Tsipras. “There is no other way to overcome the existing difficulties than dialogue.” His government would adhere to all existing contracts and make the necessary structural reforms.
Based on current oil production trend, the US may run out of storage for crude as soon as June. "North Dakota likely to see a “big surge” in production this June. At current rate of record oil production, storage will be exhausted in under two months, some time in mid-May.
International Monetary Fund chief Christine Lagarde has said the IMF would be "delighted" to co-operate with the China-led Asian Infrastructure Investment Bank (AIIB). The AIIB has more than 30 members and is envisaged as a development bank similar to the World Bank.
The Obama administration, facing defiance by allies that have signed up to support a new Chinese-led infrastructure fund, is proposing the bank work in a partnership with Washington-backed development institutions such as the World Bank.
The rouble remains practically uneffaced any longer by oil prices, whose slump triggered a sharp depreciation of the Russian currency at the end of 2014; Finance Minister Anton Siluanov.
If a store or a bar has an awning outside the shadowing on public property, must pay a fee that is part of the public land use, tax on employment of public land.
Greek Prime Minister Alexis Tsipras promised to submit a new list of austerity measures following a summit of European leaders in Brussels. A statement issued by the European powers and Greece “Greek authorities will have ownership of the reforms and will present a full list of specific reforms in the next days.” The reforms are part of the agreement Greece reached with the Eurogroup last month.
If you believe that ignorance is bliss, you might not want to read this article. I am going to dispel the notion that there has been any sort of “economic recovery”, and I am going to show that we are much worse off than we were just prior to the last economic crisis.
China’s finance ministry: China welcomes Luxembourg’s application to be a founding member of the Asian Infrastructure Investment Bank. South Korea leaning towards joining up. Foreign ministers of China, Japan and South Korea will meet in Seoul this weekend. Every shred of objective evidence suggests the dollar’s dominance is coming to an end.
The United States has urged countries to think twice before signing up to a new China-led Asian development bank that Washington sees as a rival to the World Bank, after Germany, France and Italy followed Britain in saying they would join.
The finance ministries of France and Germany have confirmed they’ll join China’s new Asian Infrastructure. Britain last week became the first Western country to agree to become a founding member of the AIIB. The new bank is expected to challenge the Western dominance of the US-led World Bank and IMF in global infrastructure projects.
Australia's Abbott government to sign on for negotiations to join China’s regional bank, "represents a colossal defeat for the Obama administration.
At one quadrillion yen, the Japanese debt level is so high that it now takes the government 43% of its central tax revenue just to pay interest this year. The percentage of tax revenue to service the debt has been rising for years and is absurdly unsustainable. Large Japanese businesses continue to hold Japanese government bonds as part of their obligation to make sure that government doesn’t look bad.
US government wants to kick Russia out of SWIFT; Society of Worldwide Interbank Financial Telecommunications, announced that they were giving a BOARD SEAT to Russia. being part of SWIFT critical to conducting business with the world. China putting together their own version to be a direct competitor to SWIFT, new way for global banks to communicate and transact with one another in way that does NOT depend on the United States.
Including the yuan in the SDR system would allow the IMF to recognize the ascent of the world’s second-biggest economy while aiding China’s attempts to diminish the dollar’s dominance in global trade and finance.
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