French President Francois Hollande says he wants Western sanctions on Russia to be lifted if progress is made in talks on the Ukraine conflict this month. He did not specify which sanctions - imposed by the EU, US and Canada - could be lifted.
The US is keen to keep imposing new sanctions on Russia. Germany and France are both increasingly pushing back against those sanctions, however, with French President Francois Hollande calling for sanctions to be ended outright.
Expected that opposition party “Syriza ” will win election, install “Tsipras” as national leader. Tsipras wants Greece national debt “written down,” wants national debt FORGIVEN, halt “austerity” measures. Greece will EXIT THE EURO currency, would mean Quantitative Easing put on indefinite hiatus. Bonds, priced over 100% of a European QE, would go bid-less overnight, lead to market crashes across the continent, bank runs, full-blown European depression.
French President Francois Hollande’s 75 percent “supertax” on well-off earners is to be abandoned in February. The policy caused major controversy and triggered outrage among some of the country’s richest people, who moved to become tax exiles abroad. The tax is to expire February 1, will not be renewed.
The wealthiest 400 people in the world saw their combined net worth grow by $92 billion last year, hitting $4.1 trillion. The bonanza for the super-rich was underwritten by governments and central banks around the world, which fueled surging stock markets and record corporate profits by pumping hundreds of billions into the financial markets.
US debt rose by $32 billion on the last day of November sending total US debt above $18 trillion for the first time ever. last day of 2014, total US debt soared by $98 billion in one day driven by Social Security debt closing off 2014 with a new all time high total of $18.141 trillion in Federal debt,
During next banking crisis, ‘money’ you have in the bank will be ‘bailed-in’ after a financial collapse, your money not FDIC protected. G20 meeting (mid-November), member nations decided bank deposits become property of the bank in a crisis. New rules change the status of you as a depositor of your money to an investor in the bank and subject to losing money.
BP trades large quantities of currency each day. Company regularly received valuable information from world’s biggest banks about forthcoming trades of confidential business and stop-losses, trigger points for buying or selling; belonged to chat room called “The Cartel” included JPMorgan, Citigroup Inc. (C), Barclays Plc, UBS Group AG. (UBSN), offered information hours before they happened.
Government doesn’t want bankruptcy, as companies go bust, unemployment spikes, tax revenues disappear. Stopping companies from going bankrupt, officials maintain illusion of local prosperity, economic growth, stable taxes,” still producing even though suppliers won’t deliver anything without cash up front, drowning in debt.
Disappointing Russian economic data has been released on Monday, as the country’s manufacturing activity declined in December for the first time in six months. November GDP shrank by 0.5 percent, the first time since 2009.
Wal-Mart has 2.2 million employees, generating profits of $17.20 billion, has a 66.70 percent market share. Wal-Mart’s low wage employees seeking public assistance, receive $2.66 billion in government help each year; in Wisconsin it was at least $904,542 a year per store. Much more sense to raise the minimum wage.
What did Wall Street just do? It guaranteed that any losses from all derivatives that arise
within the bankrupt banking system will be passed onto the taxpaying serfs called United
States citizens.,. What it means is that taxpayers will be responsible for all losses resulting from theses derivative contracts.
China’s industrial profits fell the most in two years last month, the latest data to show a deepening slowdown in the world’s second-biggest economy as pressure grows on the nation’s central bank to ease monetary conditions.
Share prices went through the roof, speculation ran wild and money poured into ill-fated ventures before the boom turned, inevitably and catastrophically, to bust. that financial crash in 1720, called the South Sea Bubble British government was forced to bailout; left several million pounds of debt on its books almost three centuries later Britons are still paying interest on.
The crisis in the Ruble is of course being portrayed as a Western plot to destroy Russia. The Council of Ministers of Belarus has issued a directive imposing an indefinite moratorium on raising consumer prices in the country.
Russia and China continue to be nudged by the west ever closer monetarily and strategically, until one day, as we have long predicted, China and Russia will announce a joint currency, one backed by both China’s “surprising” gold reserves and Russia’s commodity hoard.
The ever-widening gap between financial markets and the real economy is creating the conditions for economic turmoil and the eruption of social and political struggles.
The ruble has seen a full week of recovery after its drastic 20 percent drop on December 16 dubbed as ‘Black Tuesaday.’ This was triggered by the call from the Russian government for businessmen to sell currency earnings.
Saudi Arabia, has projected $39 billion deficit in 2015. The impact of lower oil prices, decision not to cut production, putting pressure on country’s finances. Finance Ministry: government will try to save money by cutting salaries, wages, allowances that represent “50 percent of total budgeted expenditures,” move could anger Saudi youth, who are struggling to cover the costs of living.
What most people refuse to understand, if not even acknowledge, is the extent to which the elites have an utter stranglehold on the world’s financial system, and by world we do not mean just the Western world.
Russia-led Eurasian Economic Union has huge potential to expand open to cooperation with partners in the East and West. President Vladimir Putin: “The increase in the number of members is beneficial to the union itself. It boosts its market capacity and contributes to the strengthening of trade and economic ties, and to the launching of new investment projects.
Walmart, America’s largest private employer, forced to raise its minimum wage payments for workers. 21 states have adopted minimum wage increases via legislative pressure or ballot initiatives, Walmart mustadjust base salaries at a third of its locations wage hikes are due to come into effect on January 1
The Russian ruble improved to 53 in early day trading, a more than 33 percent increase since 1 week ago when it hit 80 against the US dollar. The Russian government and the Central Bank of Russia (CBR) have made a significant effort in the last couple of days to stop the ruble’ s free fall.
The number of people in France without a job rose in November to the highest level yet, rise of 27,400 people on the jobless queue compared to the previous month.
Economy Minister Alexei Ulyukayev: Russia has been hit by a “perfect storm” of plummeting oil prices, sanctions and a flight of investors’ capital made worse by a lack of structural reforms. Economy is overwhelmingly dependent on oil revenues.
Russian President Vladimir Putin has put his signature to a law that makes Armenia a full member of the Eurasian Economic Union (EEU) from January 2, 2015. The document signed Tuesday will add the 3 million people in Armenia to the 170 million consumers in Russia, Belarus and Kazakhstan.
The National Bank of Belarus is closing all over-the-counter currency exchanges in the country in an effort to keep its own currency strong and avoid a domino effect from the ruble crisis.
Russia has bailed out a mid-sized bank for about $500 million to save it from bankruptcy— a clear sign that the slide in the value of the ruble in the wake of sliding oil prices is straining the banking system.
The Central Bank said Monday it will give Trust Bank 30 billion rubles that will allow it to continue operating as normal.
The Federal Reserve and its bullion bank agents are actively using uncovered futures contracts to illegally manipulate the prices of precious metals in order to keep interest rates below the market rate. The purpose of manipulation is to support the U.S. dollar’s reserve status at a time when the dollar should be in decline from the over-supply created by QE and from trade and budget deficits.
German companies doing business with Russia suffering from the weak ruble, one in three companies will have to fire employees or cancel its projects: Association of German Chambers of Industry and Commerce. German companies said their long-term Russian partners are turning away from Europe toward Asian markets.
Belarus blocked online stores and news websites on Sunday, in an apparent attempt to stop a run on banks and shops as people rushed to secure their savings. Belarussian currency was dragged down by the slide of the Russian ruble last week, leading authorities to impose draconian measures, forbid price increases even for imported goods, and warn people against panic.
Did the US/Saudi Arabia plan the oil crash to collapse Russia & the Ruble? -Putin’s counter-move could result in an EPIC BACKFIRE for the West. Putin may take the Ruble onto the GOLD STANDARD- if Russia detonates this Nuclear Financial Weapon, the West is DEAD!
“Suppose the Russian government says, you guys are attacking the ruble and causing us so much trouble, we are not going to pay off the next traunch of our debt that comes due in 2015.' European banking system would collapse because those banks are undercapitalized. Some of them have loans to Russia that almost absorb the entire capital base. If the Russians get angry, all they have to do is call up the European governments and say, ‘We no longer sell natural gas or any other form of energy to members of NATO.' The consequence would be the total collapse of NATO. Every banking system would collapse; German industry closing down.
Canadian Prime Minister Stephen Harper has announced that Canada is introducing additional economic sanctions and travel bans against Russian and Ukrainian individuals over its alleged involvement in the Ukrainian crisis.
the world is currently engaged in a financial war and the ruble collapse is just one battle. The 2008 Great Financial Crisis ushered in a new currency war that has morphed into a financial market war, with oil as the weapon of choice. The latest battle in this financial war is the engineered drop in oil and subsequent collapse of the Russian ruble.
At a meeting with leaders of 16 Central and Eastern European countries (CEE) Tuesday, Chinese Premier Li Keqiang announced a new investment fund of $3 billion to facilitate financing in the cash-strapped countries. Most of these countries are members of the European Union.
Former Assistant Treasury Secretary Dr. Paul Craig Roberts: recent spending bill, allows banks to gamble on derivatives, and taxpayers and depositors are on the hook for the losses.
The German Committee on Eastern European Economic Relations said on Wednesday that ruble’s plunge would lead to a 20-percent fall in the Western European country’s exports to the Russian Federation.
Russian Prime Minister Dmitry Medvedev also stated that while low oil prices and
Western sanctions have taken their toll on Russia, the central problem is that the ruble was undervalued. "The figures we saw at exchange offices in the last days do not reflect the real picture.
Worst day in Russia’s financial crisis; fallout spreading across global markets. Pacific Investment Management Co. (PEBIX) facing mounting losses on its Russian bond holdings; almost every bullish ruble option contract registered in U.S. made worthless; foreign-exchange brokers in New York and London no longer taking ruble trades.
Your donation helps provide a place for people to speak out.
Not tax deductible. email@example.com
|Search the Site||Search the Internet|
|<< <||> >>|