Economy September 2012 Archives
It did not take too long for the Spanish government to dip into the rapidly disappearing pension fund reserves.
The ‘Spanish autumn’ is here. The same pictures we saw months ago in Greece and Portugal, are now popping up in Madrid. The Spanish people went out by the thousands on Tuesday to tell their government they are angry and that the people cannot take it anymore. Spain is being pushed to the limit and unfortunately it is just the beginning.
The global banking cartel that almost daily proposes the destruction of the nations states is working harder than ever to once and for all conquer Spain.
The territorial conflict for the Senkaku/Diaoyu islands on the East China Sea have revealed two things in the last few days. First, China’s thirst to defeat its rivals in the region, despite American interventionism. Two, China will not necessarily use military weapons. Instead, it will use its economic might.
One of the main causes of the financial crisis is still ongoing despite promises to end it.
Quantitative Easing is no longer an option for the private Federal Reserve and neither for the US. QE1 and QE2 did not avoid the fall of the United States, so QE3 did not make sense. Instead, Ben Bernanke has implanted a new fiat money manufacturing scheme I’d like to call Unlimited Easing.
For way too many years, the United States has enjoyed an unfair advantage with respect to the rest of the world: most international commerce is conducted in US dollars.
The constitutional court in Karlsruhe has decided that the German participation in the permanent mechanism for bailing out European nations is totally legitimate, but that their participation is limited to 190,000 million euros.
The President of France, François Hollande, announced at last night a new plan to increase government revenue by 33,000 million euros, the highest increase of the last decades. Most of the money the government intends to collect will come from taxes increases
Mario ‘Super Mario‘ Draghi has unloaded his bag of goodies after the European Central Bank agreed to acquire the European continent. The line of states begging for a ‘rescue’ is headed by Spain and Italy, with Portugal and France waiting on the wings.
Food Banks feed two million people in Spain, twice the number of people than they did in 2007, but their future is now uncertain. Although the financial crisis that has ravaged the continent turned them into the people’s pantry, their existence is now being contested by European authorities who question whether these food banks should be funded at all.
We frequently hear the financial press refer to the U.S. dollar as the “world’s reserve currency,” implying that our dollar will always retain its value in an ever shifting world economy. But this is a dangerous and mistaken assumption.
The looting of the Spanish Pension system has officially begun as the country’s Social Security Administration announced that it has taken money from the program’s prevention fund to face its obligations to millions of life-long contributors.
September promises to be a decisive month for the Euro zone. It is expected that the European Central Bank will decide to become the Euro’s grand daddy and it also may be the time when Spain will be handed over to the bankers.
From Welfare to Warfare, the United States of America has the most deceived population in the history of humanity.