Current Economic Collapse News Brief – Episode 127

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In 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

Europeans Lose Trust in Governments

  • Years into an economic crisis that has rocked the eurozone, European citizens are losing trust in their governments. A recent survey found that trust in political parties is at an all-time low with up to 90 percent in some countries saying politicians are affected by corruption. The survey comes as a number of top political figures in Italy, Spain, and France face allegations of fraud and tax evasion.
  • Across Europe, citizens are losing trust in their governments.
  • A recent study carried out by the corruption watchdog Transparency International surveyed people in 107 countries. Only 23 percent said their governments are making effective efforts to beat corruption.
  • In Europe, the figures were much lower. In Spain, eight percent felt like corruption was being addressed; in Italy, 13 percent; in Greece and Portugal, just one percent.
  • Valentina Rigamonti of Transparency International said the crisis of confidence was deepest in the countries hardest hit by the economic crisis — arguably the ones most in need of citizens’ trust.
  • “The global corruption barometer has showed that corruption is very strong in Southern Europe, the countries that are hit by the financial crisis,” said Rigamonti.
  • Trust in political parties themselves has also gone down. In Greece, one of the eurozone’s major economic worries, 9 in 10 people surveyed said they think political parties are affected by corruption.
  • Rigamonti said that while the deteriorating trust was most noticeable in economic crisis zones, corruption was a problem in every European country, even Nordic nations, which typically have a good reputation for transparency.

Warning: Possibility Of A False Flag Event In The Next 30 Days- Episode 126

youtube_aug_threat_economic_collapse2In this report we will discuss the latest news on the economic collapse. The job numbers are out and they are not as good as everyone believes, the unemployment rate went down but the number of part time jobs increase and the number of people who are not looking anymore has increased. Washington has issued a warning around the globe, all embassy’s will be closed and all American citizens traveling are being warned. Be prepared for a false flag event.

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

Spain To Suffer At Least 25% Unemployment Until 2018, IMF Forecasts

Since the government officials are telling the people that unemployment is going to be bad until 2018 you know for a fact that it will get much, much worse.

With the mean-reverting extrapolators all calling the bottom in Europe and scandal-plagued PM Rajoy desperate for distraction repeatedly arguing that the country’s depressed economy is finally emerging from a two-tear slump, the FT reports that IMF has just popped that balloon of hope. “Spain has historically never generated net employment when the economy grew less that 1.5-2%,” the IMF notes, pointing out “yet growth is not projected to reach these rates even in the medium-term.” In fact, echoing recent warnings from independent economists at exuberance over the most recent data (driven by seasonally-enhanced tourism) as the start of a new trend, the IMF warns, “the weak recovery will constrain employment gains, with unemployment remaining above 25 per cent in 2018.” So, for Rajoy, its back to the grift.…

High Probability That Something Is About To Happen – Episode 125

youtube_something_happen_economic_collapse2In this report we will discuss the latest news on the economic collapse. Greece is getting worse they are continually adding debt on top of debt. The US and Egypt are having a drill where troops will be in Egypt, is this a setup to get the troops into Egypt to maintain control. Snowden now has asylum in Russia and the US is angry and wants to look at the US/Russian policies. Countries are moving military assets to better protect their countries and on Sunday Aug 4 the government is ordering embassies closed world wide because of security fears.

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

Costly Greece: IMF says lenders need to ‘forget’ about €7.4bn of its loans

Countries that are bailed out with debt can never repay the debt if they need to layoff people to receive the debt. With unemployment so high in Greece and business doing poorly the Greek people cannot contribute to payoff the debt. Sooner or later Greece will not be able to take on anymore debt and it will collapse and soon after the rest of the world will collapse.

  • Eurozone governments should be prepared to write off big chunks of their loans to Greece, around about €7.4bn within the next two years, according to the IMF.
  • To make Greek debt manageable, the country’s lenders may be forced to accept big losses on their aid to the Athens, the International Monetary Fund (IMF) told in its fourth review of Greece’s performance under an economic program it must follow to qualify for the loans.
  • Almost all of the Greek debt is now held by European governments. In 2013 it’s expected to go up to the sky-high 176% of the country’s GDP.
  • “If investors are not persuaded that the policy for dealing with the debt problem is credible, investment and growth will be unlikely to recover as programmed,” the IMF said in the 207-page report. “Should debt sustainability concerns prove to be weighing on investor sentiments even with the framework for debt relief now in place, European partners should consider providing relief that would entail a faster reduction in debt than currently programmed.”
  • It’s not the first time the IMF has called on the government lenders to write off part of their loans to struggling Greece. The main thing that’s changing is the scale of the losses.
  • The new report comes just 2 months ahead of the polls in Germany, which can become a real problem for its current Chancellor Angela Merkel.

Inflation Check, GDP Check, Employment Check, We Are Ready For The Collapse – Episode 124

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In this report we will discuss the latest news on the economic collapse. The FED just came out with its minutes, the economy seems to be doing fine, Europe is reporting that unemployment is going down and the economic pace is improving. The talk of taper was not mentioned during the meeting but we know the central bankers are planning to do something because bubbles are forming and they recognize this. War is on the horizon all countries are getting prepared and placing their military assets in strategic locations around the world.

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

Eurozone jobless down for first time in 2 years

We are hearing great news in Europe and in America, ADP just came out with their number on jobs and they are looking good, Eurozone jobs are improving, GDP is higher. It looks like the central bankers are making all the numbers look good by changing calculations so they can make their case to taper in the fall.

  • Further evidence emerged Wednesday that the eurozone economy is on the mend after struggling with a recession that’s seen unemployment edge toward the 20 million mark.
  • Figures from Eurostat, the EU’s statistics office, showed that the number of unemployed across the 17 European Union countries that use the euro fell by 24,000 in June to 19.27 million. That’s the first fall since April 2011 and adds to the weight of recent evidence that suggests the recession in the eurozone has — or is about to — come to an end.
  • “While the latest data are far from suggesting a quick turnaround, the stabilization provides some relief from the relentless rise in the number of unemployed to date,” said Timo del Carpio, European economist at RBC Capital Markets.
  • The eurozone’s economy has been shrinking since the last quarter of 2011 as a raging debt crisis prompted many countries to pursue tough austerity policies that weighed on economic activity and confidence.

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.