Tag Archives: debt

A protester holds a placard of German Chancellor Angela Merkel featuring a Hitler moustache near the Greek parliament in Athens on October 9, 2012.

Germany owes Greece billions in WWII reparations: Secret report

Germany owes billions of euros to Greece for the reparation of damages done to the country during the World War II as well as for unpaid loans, a ‘top secret’…

IMG_0015aga (1)

Greece Agrees to Give Up All of its Gold to Obtain Latest Bailout

The devil is in the details.  In this case, the details require Greece to give up all 111 tonnes of its gold in exchange for the latest bailout.  Which means that…

The Extinction Protocol

India suffers through worst drought in nearly 50 years

Millions of people in western India are suffering their worst drought in more than four decades, with critics blaming official ineptitude and corruption for exacerbating the natural water shortage. Central…

12

The Fed is Now the Fifth Largest Country in the World

  With QE 3 and QE 4 firmly in place and the Fed’s balance sheet over $3 trillion, Idecided to go back and count the recap the Fed/Feds’ interventions since…

23779bankers

All Wars are Bankers’ Wars

I know many people have a great deal of difficulty comprehending just how many wars are started for no other purpose than to force private central banks onto nations, so…

13041_20130103162755-images

Spain Plunders 90% Of Social Security Fund To Buy Its Own Debt

With Spanish 10Y yields hovering at a ‘relatively’ healthy 5%, having been driven inexorably lower on the promise of ECB assistance at some time in the future, the market has…

kamov_ka50_hokum_l1 (1)

China writes off Russia’s debt for helicopter deal

The Chinese administration has decided to write off Russia’s debt of 1.57 million Swiss francs (about 52.5 million rubles), Deputy Prime Minister Dmitry Rogozin tweeted. It turned out that the…

floating-currency-300x300

When They Stop Buying Bonds, the Game is Over

As you know, I would not touch bonds with a barge pole, especially government bonds. After 40 years of unending fiat money expansion, the world suffers from excess levels of…

ponzi-scheme-033011

Global Finance: The Shylock model

A Greek brainstorming session would sound something like this: Default! Downgrade! Bond Swap! ECB Bailout! Austerity Measures! IMF Recipes! Riots! Euro Collapse! Pay up!! Can anybody make any sense out…

548330_260682787378673_651639353_n

The Death of Rice in India

We will soon be eating genetically modified rice invented by seeds multinational corporations Someone said, “Monsanto invented the pig.’ Very soon we will learn, right here in India and Asia,…

399052_428587127188001_695263541_n

Why Are Indian Farmers Committing Suicide and How Can We Stop This Tragedy?

The factors that have caused 200,000 suicides in India are rooted in the policies of trade liberalization and corporate globalization which ensnare farmers in a spiral of indebtedness, generating despair….

293752_267650963348522_44938020_n

Triggering Economic Disaster: the Insidious Role of the International Monetary Fund (IMF)

We’ve all heard the old adage about adding insult to injury but the IMF has turned it into an art form. The new IMF Director, Christine Lagarde, came to Washington…

FractionalReserveBanking

Fractional Reserve Banking: Creating Money Out of Thin Air

Savings and lending Before we discuss fractional reserve banking, it is important to understand the essence of savings and lending. The first myth to dispel is that money is wealth. Money…