Don’t Worry The President Will Fix The Economy, Round 2 – Episode 123

youtube_president_round2_economic_collapse2In this report we will discuss the latest news on the economic collapse. The President in his speech today said that he is going to do everything to help the middle class. If we look the President’s actions the first time around he did nothing for the people but everything for the FED and banks.  Because we all know that the President answers to the central bankers. War is building in the middle east and in the Pacific. The US is moving assets to the region and strategically putting everything in place for the eventual war. DHS is cracking down an flexing its muscles on the people of the United States. Time is drawing close the economic collapse is coming.

Please check the Sentinel Alerts for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. If you haven’t already, go to “The People” and join the community of people who are helping each through the economic collapse.


Current News


Economy

Greece Has Already Spent 75% Of Its Bank Bailout Cash

Debt piled onto debt piled onto debt will not work. Greece needed to layoff a total of 25,000 workers to get more debt. This leaves more people looking for work and with the unemployment around 30% this will not work. This is why the bailouts last for a short period and then the government needs more.

  • Eurozone taxpayers and the IMF are left wondering what their bailout funds have been spent on in Greece. The Hellenic Financial Stability Fund (HFSF) has spent EUR38bn (or 75% of its total) bolstering the capital of Greece’s four biggest banks (and winding down eight small lenders). The EUR50bn fund looks set to be drained further – despite the banks comments that costs have been cut, funds raised, and assets sold – as non-performing loans continue to surge. About a quarter of all loans are non-performing and that share is likely to increase as the country’s six-year recession, which has wiped out over a quarter of the economy, shows little sign of abating. Have no fear though, since stress tests will be carried out later this year to establish whether Greek banks have more capital needs. Of course the key question is – just where were these rescue funds diverted within the bank shells.
  • Via Reuters,
  • The Hellenic Financial Stability Fund (HFSF), Greece’s bank bailout fund, has spent 38 billion euros (33.75 billion pounds) propping up the country’s ailing bank system, three-quarters of the total it was endowed with.

Pedal To The Metal, WWIII Is Starting To Accelerate To Cover Up The Economic Collapse – Episode 122

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In this report we will discuss the latest news on the economic collapse. Israel, US, China, Japan, Philippines, Russia and other countries are moving and preparing all assets to be ready for the upcoming war. The mid-east is seeing massive uprisings which will put pressure on the US to intervene to protect the US dollar as the reserve currency. China is making deals and is becoming the next reserve currency while the US is waging war just to maintain those countries using the US dollar as the reserve currency. The central bankers will go down fighting to keep the US dollar as the reserve currency.

Please check the Sentinel Alerts for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. If you haven’t already, go to “The People” and join the community of people who are helping each through the economic collapse.


Current News


Economy

Cyprus, lenders set Bank of Cyprus bail-in at 47.5 percent, sources say

Just imagine if the bail-ins were happening in your country and they took 47.5 percent of your money and froze your account so you were not able to withdraw your money. Well this was the test and this will be happening everywhere, the US, UK, Europe, Canada etc already have laws in place or are introducing them.

  • Cyprus and its international lenders have agreed to convert 47.5 percent of deposits exceeding 100,000 euros in Bank of Cyprus to equity to recapitalize it, banking sources said on Sunday.
  • Under a programme agreed between Cyprus and lenders in March, large depositors in Bank of Cyprus were earmarked to pay for the recapitalisation of the bank. Authorities initially converted 37.5 percent of deposits exceeding 100,000 euros into equity, and held an additional 22.5 percent as a buffer in the event of further needs.
  • “There was an agreement concluding at a final figure of 47.5 percent this morning,” a source close to consultations told Reuters.

Monthly Home Payment Soars 40% To 2008 Levels

  • Credit Suisse fully explains why the US housing “recovery” has just ground to a halt: in a few short weeks, US housing affordability (a topic we first covered a month ago) has collapsed as a result of the monthly payment on the median home sold soaring by nearly 40% from under $800 to just shy of $1100, a level not seen since 2008. Now if only US personal incomes would keep pace, instead of doing this…

Current Economic Collapse News – News Brief – Episode 121

youtube_newsbriefeconomic_collapse2In this news brief we will discuss the latest news on the economic collapse. We look to see if things are really that different. The central bank will not stop at just confiscating your wealth they will want your life. They want to enslave the people.

Please check the Sentinel Alerts for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. If you haven’t already, go to “The People” and join the community of people who are helping each through the economic collapse.


Current News


Economy

Michigan Gov. Snyder vetoes bailout for Detroit

  • Michigan Gov. Rick Snyder said he will not ask for a federal bailout for the Detroit, which recently filed for bankruptcy protection.
  • “The state nor the federal government should just simply write checks to take care of liabilities. I haven’t asked and I don’t intend to ask,” said Snyder in an interview, The Wall Street Journal reported Saturday.
  • Snyder said there would be no change in the city’s emergency strategy of considering general obligation bondholders as unsecured creditors, the Journal said.
  • In the same interview, the emergency financial manager assigned to Detroit, Kevyn Orr, said general obligation bondholders were aware a the start that their investment was a risk.
  • “My job, the contract I signed, the covenant I have with the state and the governor … doesn’t say put the city on sustainable footing while taking into consideration the impact this might have on the broader general-obligation market. No, it’s just: Put the city on sustainable footing,” Orr said.

Economic Collapse Is Like Preparing For A Natural Disaster – Episode 120

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In this report we will discuss the latest news on the economic collapse. Goldman Sachs and JP Morgan are both involved in a precious metal manipulation. JP Morgan is closing down its physical commodity branch. The US Government is paying Syrian police to work with the US paid mercenaries, they are paying their salaries with the sequester hitting the American people. There have been multiple cyber attacks and there is a report that the infrastructure is very vulnerable.  War is coming to cover the economic collapse, be prepared.

Please check the Sentinel Alerts for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. If you haven’t already, go to “The People” and join the community of people who are helping each through the economic collapse.


Current News


Economy

Final ‘haircut’: Cyprus to levy deposits by 50 percent

Don’t worry you money is safe in the banks, we will only take around 50 percent of your money hopefully less, and you know if they are saying hopefully less than 50 percent its going to be more.  Personal opinion I would remove some money from the bank just in case.

  • The ‘Troika’ of creditors have agreed the final deposit levy on Cypriot accounts will be 45 percent for shareholders, bondholders, and depositors with more than 100,000 euro in the two largest banks.
  • The official decision will be announced later by the Cypriot Ministry of Finance, Itar-Itass reported, citing a Cypriot news outlet.
  • Central Bank Board of Director Sophocles Mihaelidis reported a slightly different figure, saying about 50 percent, but not more than 60 percent, will be levied, Vesti reported.
  • Previous exact loss estimates have ranged from 12.5 percent, later revised to 30 or 40 percent, and in April, 60 percent. Cyprus hopes to keep the deposit levy under 50 percent.
  • As a condition for receiving a $13 billion (10 billion euro) bailout package, Cyprus was forced by Troika lenders to sponsor a portion of their bailout, which they will raise by levying shareholders, bondholders, and depositors with more than 100,000 euro in accounts.

You Will Be Watched, Recorded and Tracked During The Economic Collapse – Episode 119

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In this report we will discuss the latest news on the economic collapse. NSA is allowed to spy on the people, they say it is constitutional but we know it is not. The pentagon wants to put blimps in the air over Washington to monitor everyone. These blimps will eventual spread to other cities. The government needs to track the movements of everyone for the economic collapse. The rest of the world is preparing for WWIII.

Please check the Sentinel Alerts for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. If you haven’t already, go to “The People” and join the community of people who are helping each through the economic collapse.


Current News


Economy

Cyprus Deposits Plunge At Fastest Rate In History

  • With capital controls like these who needs bank runs.
  • Perhaps the most underreported news to come out of Europe this morning had nothing to do with PMI or employment or credit creation in the Eurozone. It had to do with Cyprus – the insolvent island that everyone forgot – and which since its March bail in has been left for a state of Schrodingerian suspended animation, where it is either alive or dead depending on what propaganda wave function it had to satisfy.

Fake Economy, Military Drills And War Spells Economic Collapse – Episode 118

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In this report we will discuss the latest news on the economic collapse. We are seeing more drills that include military helicopters flying in cities. We are seeing more taxes being imposed on Americans. We are seeing Europe suffering with a recession/depression. War is on the horizon and is building with Syria, US, and Russia. All of this leads to one thing and one thing only, the economic collapse is approaching.

Please check the Sentinel Alerts for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. If you haven’t already, go to “The People” and join the community of people who are helping each through the economic collapse.


Current News


Economy

Greeks protest against new austerity measure

  • Greek workers have taken to the streets in the capital, Athens, to protest against the government’s new austerity measure that mandates them to work on Sundays, Press TV reports.
  • Some 17 trade unions took part in the demonstration to express opposition to the government’s decision, which also liberalizes trade laws.
  • Under the new bill, passed by the government late on Tuesday, collective labor contracts and the eight-hour working shifts will be amended to force more trade even on the only holiday in the week, the Sundays.
  • Similar demonstration was also held in several other Greek cities, with protesters saying that the bill will abolish decades-old labor rights.
  • The bill was drafted by the country’s Labor Ministry as demanded by the troika of international lenders, the European Union (EU), the European Central Bank (ECB), and the International Monetary Fund (IMF).
  • Greek lawmakers recently decided to pursue mass lay-offs in the civil service, pushing thousands of state employees into unemployment.
  • On July 8, the international lenders announced plans to release EUR 7 billion (USD 9.2 billion) in financial aid for Greece.

The Economic Collapse Is Like A Tornado It Destroys Anything In Its Path – Episode 117

youtube_tornado_economic_collapse2In this report we will discuss the latest news on the economic collapse. Real estate is struggling along, the Republicans and Democrats are at it again arguing over the debt ceiling. War is on the horizon, there are reports that US troops are training in NC to prepare for an invasion into Syria. Russia is flexing its muscles and arming the Syrian government meanwhile the US is arming the rebels. Goldman Sachs was caught manipulating the Aluminum market and the FED’s worst nightmare is appearing across the US, INFLATION.

Please check the Sentinel Alerts for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. If you haven’t already, go to “The People” and join the community of people who are helping each through the economic collapse.


Current News


Economy

Cyprus Real Estate Prices Post Record Plunge

  • Days after Cyprus banks were bailed out (or, rather, in) in March, even if it meant the complete collapse of the local economy just to keep the country in the Eurozone and potentially the sale of the country’s gold to provide its own funding toward the “common cause”, the Eurogroup came out with a “Debt Sustainability Analysis” which predicted some hard times for the country but its eventual recovery. About a week later it emerged that the funding needs of the tiny island nation would be far greater than previously imagined, but for the time being, since the liquidity (if not solvency) situation had stabilized, all was well and that was one bridge that would be crossed when Europe came to it. That time may be coming fast. As Reuters reports, the Cypriot banking collapse has finally spilled over into the economy and resulted in a record collapse in local real estate values, which ranged from a 12.6% price drop in the valuation of an apartment to a 23.3% fall for office space in just the second quarter, which were the “sharpest recorded since RICS started collecting data in 2009, Loizou told Reuters.”