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All Eyes May Be On Greece Right Now, But In Reality, The Economic Malaise Is Widespread Across The Continent…. Donald Tusk Warns of Revolution in Europe

July 26th, 2015
Categories: Economic

Link: http://investmentwatchblog.com/all-eyes-may-be-on-greece-right-now-but-in-reality-the-economic-malaise-is-widespread-across-the-continent-donald-tusk-warns-of-revolution-in-europe/

Economic malaise widespread across the continent. Italy; longest recession in history, unemployment figures; Southern Europe appalling levels. France, unemployment record highs. Finland, worst unemployment figures; 13-years.. Greece is not the problem. It’s a symptom of the problem.

Shock Report: China Dumps Half A Trillion Dollars: “Something Is Very, Very Wrong”

July 25th, 2015
Categories: Economic

Link: http://govtslaves.info/shock-report-china-dumps-half-a-trillion-dollars-something-is-very-very-wrong/

China reported massive increase in its gold holdings of 600 tons, dumped hundreds of billions of dollars worth of U.S. Treasuries last 15 months, $224 billion offloaded in last 90 days

Copper, China And World Trade Are All Screaming That The Next Economic Crisis Is Here

July 24th, 2015
Categories: Economic

Link: http://www.activistpost.com/2015/07/copper-china-and-world-trade-are-all.html

Copper just hit a six-year low, Morgan Stanley warning that this could be the worst oil price crash in 45 years, Chinese economy is suddenly stalling out, world trade is falling at the fastest pace since the last financial crisis.

India's Energy Industry Overhaul May Hit Australian Coal Exports Hard

July 23rd, 2015
Categories: World, Economic

Link: http://sputniknews.com/asia/20150724/1024982558.html

India is very serious about shifting towards renewable energy, reducing imports of coal by 70 million tons; $17 billion a year. Disastrous consequences for Australia, India's largest coal export partner.

Dictators and Billionaires Demand Creation of UN Tax Agency

July 23rd, 2015
Categories: World, Economic

Link: http://www.thenewamerican.com/world-news/africa/item/21306-dictators-and-billionaires-demand-creation-of-un-tax-agency

The coalition to create UN tax regime, impose global tax includes more than 130 national governments and dictatorships funded by European Union and globalist billionaires such as Bill Gates, did manage to create "Tax Inspectors Without Borders."

Building for the Future: Saudi Arabia Plans to Invest Billions in Russia

July 22nd, 2015
Categories: Economic

Link: http://sputniknews.com/middleeast/20150722/1024914755.html

Saudi Arabia, usually considered a close ally of the US, plans to invest ten billion US dollars in Russia in the coming years. The agreement between Saudi Arabia and Russia is a sensitive geopolitical setback for the United States,

23% Sales Tax Hits Greece

July 21st, 2015
Categories: Economic

Link: http://govtslaves.info/23-sales-tax-hits-greece/

steep increase in the sales tax from 13 to 23 percent. The new rates have been imposed on basic goods, from cooking oil to condoms, coffee, diapers as well as to popular services; taxi rides, restaurants and ferry transport to the Greek islands. The tax hikes are part of a package of austerity measures that also include pension cuts.

China's Record Dumping Of US Treasuries Leaves Goldman Speechless

July 21st, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-07-21/chinas-record-dumping-us-treasuries-leaves-goldman-speechless

Friday,China's announcement it bought over 600 tons of gold in "one month", Chinese FX reserves come via China's US Treasury holdings, are being aggressively sold, to the tune of $107 billion in Treasury sales so far in 2015. China is forced to liquidate US Treasury paper even though it does not want to, merely to fund a capital outflow unlike anything it has seen in history.

Greece – Harbinger of Global Financial Collapse

July 21st, 2015
Categories: Economic

Link: http://wakeupfromyourslumber.com/greece-harbinger-of-global-financial-collapse/

The Greek debt crisis implications should be analyzed at global scale. No matter what kind of deal Athens and Brussels reach, nobody can say what is in store for Greece and the European Union. If the whole Europe is affected, it will give rise to ripple effect to encompass the whole world. No fundamental solutions on the agenda of talks conducted by state officials.

Greece set to strike deal with creditors by August 20 — government

July 21st, 2015
Categories: Economic

Link: http://tass.ru/en/economy/809904

Greek government spokeswoman Olga Gerovasili: Greece intends to strike a new deal with international creditors before August 20. Pursuant to the eurozone summit’s decision of July 12 ratified by the Greek parliament and published in the government’s newspaper, Greece is required for the start of talks with creditors "to change the value-added tax, amend its tax system.

Banks Beg Greeks To Return Their Money To Banks

July 21st, 2015
Categories: Economic

Link: http://govtslaves.info/banks-beg-greeks-to-return-their-money-to-banks/

President of Greek Banks Association Louka Katseli appealed to citiznes to return their money to the banks. “Banks are absolutely trustworthy,” Katseli told Mega TV “as guaranteed by the ECB and the Bank Association, but they would have been even more powerful if 40 billion euros had not been withdrawn in the last months.“Let’s all help our economy,” Katseli urged Greeks and added “If you take your money out of your chests and houses which are not safe in any case and deposit at banks, this will enhance liquidity.”
“Τhere will be no need to “haircut” deposits in the future if we all act responsibly.”

Pay Attention Greece: Puerto Rico Refuses To Pay Creditors Before It Fully Funds Its Citizens' Needs

July 20th, 2015
Categories: Economic

Link: http://www.zerohedge.com/news/2015-07-20/pay-attention-greece-puerto-rico-refuses-pay-creditors-it-fully-funds-its-citizens-n

Puerto Rico Director of the Office of Management and Budget Luis Cruz: “It is the government’s priority to provide public services health, safety, education, we will not be transferring funds from these assignments to pay the debt, "ratcheting up the pressure to restructure the island’s $72 billion debt burden.

Chinese state banks commit $200 billion to stem market selloff

July 20th, 2015
Categories: Economic

Extent of massive government intervention to halt plunge in Chinese stock market revealed last week by figures showing major state-owned banks have made available $200 billion to boost share prices. Massive bank intervention one of a series of measures initiated by government and financial authorities to halt plunge that was threatening economic and political stability.

Greek Banks Will "Open" Monday BUT Depositors Won't Be Able to Take Their Money Out

July 20th, 2015
Categories: Economic

Greek banks are reopening Monday after a forced 3-week closure. Greek government kept daily cash withdrawal limit at 60 euros ($65), added a weekly limit. Bank customers will still not be able to cash checks, only deposit them into their accounts, and will not be able to get cash abroad with their credit or cash cards, only make purchases.

Gold Hits Five-Year Low as US Dollar Soars on Policy Outlook

July 20th, 2015
Categories: Economic

Link: http://sputniknews.com/business/20150720/1024841768.html

Precious metals are nearing their multi-decade lows as the stronger dollar, safer financial markets and lack of inflation in the advanced nations have all undermined demand for the non-yielding passive and low-liquid assets.

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