Unemployment Down, FED Ready To Taper, Economic Collapse Avoided? – Episode 134

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Unemployment is down, there is talk of the FED tapering, the terror threat is still going on but in the shadow of the middle east. All economic indicators are pointing to the economy getting ready to make a full recovery. The President is out on the campaign trail selling Obamacare, selling the housing market, pretending to nothing about the NSA spying on people. In the meantime more rights, liberties are being taken away. Everything is being prepped to pull the big one over on the American people come this fall.

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

France economic growth forecast lowered: Finance minister

  • French Finance Minister Pierre Moscovici says the European country has cut its economic growth forecast for 2013.
  • “This year, growth will be weak and spread out, between minus 0.1 percent and plus 0.1 percent,” Moscovici said on Saturday.
  • In April, French officials had predicted that the country’s economy would grow by 0.1 percent in 2013.
  • Referring to the recommendations offered by the International Monetary Fund (IMF) to French officials with regard to the country’s economic growth, Moscovici said, “In line with International Monetary Fund recommendations, we will reduce public spending, then by a limited increase in the tax burden of 0.3%, in line with social justice.”
  • On August 5, the IMF urged France to ease the pace of its austerity policies aimed at bringing the budget deficit under control.
  • “By the end of 2013, the government will have completed two-thirds of the effort … to bring deficits to a stable position. Given this track record and the still hesitant recovery, the government should ease the pace of adjustment,” the IMF said in its annual survey of the French economy.
  • It also added that the country should further reduce its spending without raising the taxes. The report said that taxes in the eurozone’s second-largest economy are already “among the highest by international standards” and raising them can impede investments and job creation.

Current Economic Collapse News Brief – Episode 133

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

A new era begins for China-Greece economic relations

As the Eurozone continually ads more and more debt to the Greek government the Greek people are looking to make deals to pay off their debt.  China is making deals with Greece to help with their debt problem by bringing investors and building.

  • While European Union leaders are driving Greece to more spending cuts and tax hikes as preconditions for a second massive bail-out, Greek Prime Minister, Antonis Samaras, accepted Chinese Premier Li Keqiang’s invitation to China to seek investments.
  • Could China’s roaring economic interest and involvement in Greece plug the nation’s budget holes? According to Li Keqiang, it can.
  • “Until today, many thought Greece lost every single one of its economic bets, but something is starting to change. There is political and social stability now in Greece, and that’s a fact.” This was one of the first things Greek Prime Minister Antonis Samaras, said in his speech at the Sino-Hellenic economic forum held on the 17th of May in Beijing. He also noted that Greece and China have started setting their common goals and one great “win-win” project.
  • A hailed success – deals on the table

High Alert As The Terrorist Threats Continue – Episode 132

youtube_high_alert_threat_economic_collapse2The threat alert has been increased in the middle east, the Pakistan US embassy has been closed and the US citizens are being evacuated. Every country is on high alert and the false flag is just days away from happening. John Kerry is pleading with Russia to back off and do not get involved if the US invades Syria. The rights of the people are being chipped away by the US government and the 1st and 4th Amendment are nearly non existent.

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

About half Greek businesses caught cheating taxman

  • Nationwide spot checks by Greek tax inspectors have found that almost every other business is cheating the taxman in some way, as the debt-hobbled country’s authorities struggle to improve revenue collection amid a crippling recession.
  • Despite repeated campaigns by successive governments to clamp down on tax fraud, it remains a major problem in Greece, which for the past three years has relied on vast international rescue loans to stave off bankruptcy.
  • Finance Ministry data released Friday showed that 731 of 1,465 companies — mostly restaurants, bars, coffee shops and clubs — checked from July 25 to Aug. 5 had violated tax laws. The highest rate of non-compliance, some 85 percent of those checked, was on the islands of Evia and Skyros.
  • The top tourist destinations of Mykonos, Santorini and Crete had rates of over 56 percent of the businesses investigated.
  • Authorities have recently ordered 12 businesses to close for a month for outstanding tax violations or resisting inspectors, and are planning to shut down another 14 for similar reasons — including a restaurant on Crete where customers allegedly chased away a team of inspectors this week.
  • Finance Minister Yannis Stournaras said the government was forced to pass special legislation to enable tax checks on weekends and during the holiday month of August.

Scare Tactics, Bribes And Assassinations All Failed Onto Plan “Y” – Episode 131

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In this report we will discuss the latest news on the economic collapse. US controlled Saudi Arabia tried to bribe Russia with oil, gas and cash to remove their protection of Syria. Putin laughed at the bribe. CIA deputy director said the biggest threat would be the removal Assad and al-Qaeda was in control of the government. al-Qaeda tried an assassination of Assad, it didn’t work. The terror threat is still in place and the warnings are still in place. There is an eerie feel in the air that something is about to happen.

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

Greek Youth Unemployment Soars To Record 65%

As the unemployment rate continues to rise it makes more difficult each time for the government to pay off the debt. Greece will be collapsing soon, it doesn’t matter if they continually receive bailouts, this is not sustainable.

  • RIP Greekovery.
  • What little hope there may have been that bad and/or deteriorating Greek economic data had peaked in the early part of 2013 and the country was set for a long overdue “recovery” was promptly extinguished following today’s latest release of the Greek May labor force survey.
  • The headline news for the broader population was ugly:
  • The number of employed was 3,621,153, a decline of 14,889 from April, and down 171,356 from a year earlier
  • The number of unemployed was a record high 1,381,088, an increase of 43,467 from April, and up 193,668 from a year earlier
  • The unemployment rate was a record high 27.6%, up from 26.9% in April and 23.8% a year earlier
  • But that was the “good” news.
  • The bad news? Greek youth (15-24 year old) unemployment halted its decline over the past few months only to explode higher from 57.5% in April to a whopping 64.9% in May! Needless to say this is a record high, and means that two thirds of all eligible for work youths can not find a job. That this is the most combustible combination for social upheaval if not war, is well known to anyone who has opened even one history book.

Markets Down, Gold Smacked Down, Terrorists Threats, War On The Horizon – Episode 130

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In this report we will discuss the latest news on the economic collapse. Markets around the world are down, gold is being smacked down again. The probe into Goldman and JPMorgan is getting bigger and gaining steam. The terrorist threat is full steam ahead and now there is lull right before something big happens. There were some reports of Yemen stopping the terrorist but the big strike and the big terrorist attack has yet to emerge but it will.

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

Cypriot depositors prepare legal battle over EU bank bailout

When your money is robbed by a corporation, because that is what banks are corporations, the only way to repair the damage they have inflicted on each person is to sue. By suing the banks it shows a strong message that the people are not going to take this. If the people win the lawsuit this will send a clear message to other banks that try to do this, if the people lose the banks will rob every single person of the hard earned money via a bail-in

  • Within one week in June, Cypriot Andrew Georgiou suffered a massive heart attack and his father was diagnosed with leukaemia, just as they were fighting to recover much of their life savings wrapped up in the country’s EU-led bailout.
  • A victim of Cyprus’s chaotic financial rescue, Georgiou cannot be sure his stressful legal battle for the lost money wrecked his family’s health. But, as he said with grim understatement, “it sure as hell didn’t help”.
  • Georgiou is one of an estimated 20,000 account holders who had large amounts of savings wiped out almost overnight at Laiki, the island’s second-largest bank, which was wound down under the €10 billion international aid package.
  • “My initial reaction was utter disbelief. Now I am just angry,” Georgiou, 56, told Reuters. He has spent the best part of the past four months arguing with his bank manager and in lawyers’ offices, trying to reclaim funds his father and three sisters had in the now-defunct bank.
  • The Georgiou family’s case is one of hundreds of actions against commercial lenders, the central bank and the government that are pending in the courts. If successful, they could unravel the “bail-in” which saved Cyprus from bankruptcy in March but, unlike the bailouts of other troubled EU countries, targeted savings in two major banks.

Military Strikes Behind The Terrorism Threats – Episode 129

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In this report we will discuss the latest news on the economic collapse. The NSA has picked up more chatter about a threat in the Yemen area. They have evacuated US citizens out of this area. The terrorist threat has 3 different purposes, to show the NSA and other spy agencies are relevant. Make sure the American people are afraid of terrorism and to make sure the power has control over them and third to secure the middle east with strikes that would not normally be approved by congress.

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: Building permits decrease by 26.6% in first five months of 2013

  • The number of building permits authorised by the municipal authorities and the district administration offices during May 2013, stood at 380, the Statistical Service of the Republic of Cyprus announced on Tuesday.
  • It is added that 2,285 building permits were issued during the period January – May 2013, registering a decrease of 26.6% compared to the corresponding period of the previous year.
  • The total value of permits in May reached €107,8 million and the total area 74,2 thousand square metres. These building permits provide for the construction of 308 dwelling units.
  • The total value of permits during the first five months of 2013 decreased by 9.1% and the total area by 20.6%. The number of dwelling units recorded a decrease of 14.0%.
  • Building permits constitute a leading indicator of future activity in the construction sector, the announcement concludes.

IMF sees no end to French jobless crisis this decade

We see unemployment out of control all over the Eurozone. Spain will have unemployment at 25% or higher until 2018, Greece, Cyrpus, Italy all have sky rocketing unemployment. The US has skyrocketing unemployment, the only difference is that the US government changed the calculation. More debt, no revenue is a recipe for an economic collapse.

  • France’s economic reforms do not go deep enough to halt long-term decline and may not cut unemployment from double-digit levels by the end of this decade, the International Monetary Fund has warned.

Terrorism, Distractions, Spying And The Removal Of The Peoples Rights – Episode 128

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In this report we will discuss the latest news on the economic collapse. The world is on edge because the US government agencies (NSA) have intercepted communications that there is a terrorist threat across the world. Meanwhile the government is trying to limit the rights of the people, the economy is doing worse and the all the calculated number, GDP, unemployment and inflation numbers are all fake. The government has shown unemployment has gone down but realistically the number of jobs increase is due to people falling off and the number of part times has increased.

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

Uncollected Greek Taxes Rise To Record €60 Billion, One Third Of Greek GDP

If the Greek people are unemployed and Greece needs to layoff 25,000 people to receive more debt, how can people expect to pay there taxes when they lose their jobs. They are surviving on what they have and the last thing on their mind is to pay a collapsing government.

  • While Europe, and especially Germany has been understandably “displeased” with having to provide billions in bailout upon bailout funding to Greece every year starting in 2010, all the more so following recent news that Greece has already spent some 75% of its bank bailout cash with no discernible improvement in its economy to show for it, Europes’ taxpayers will unlikely be any more pleased to learn that as of the end of June, a whopping €60 billion in past due taxes (an all time record) was owed by Greek businesses and individuals to the state. This is an amount that is 20% greater than the entire external cash handed over by the Troika to keep Greek banks afloat, and represents nearly 30% of imploding Greek GDP.