Current Economic Collapse News Brief – Episode 720

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Current Economic Collapse News
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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.

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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 – 07.18.2015


3 week bank shutdown cost Greek economy €3 billion

  • first three weeks of capital controls have cost retail trade some €600 million ($650 million), with the clothing sector hit hardest.
  • According to the Athens Chamber of Commerce and Industry (EBEA) some 4,500 containers with raw materials and finished products are currently blocked at customs, since importers cannot carryout any banking transactions.
  • Another problem, is the backlog of checks and bills of exchange that cannot be paid, meaning that business transactions worth an estimated €6 billion ($6.5 billion) have been frozen, according to the EBEA.


Greek government issues decree on banks’ reopening

  • The Greek government has issued a decree ordering banks to reopen on Monday


Greek banks to reopen Monday but capital controls to remain

  • The decree sets a new cumulative weekly withdrawal limit of 420 euros ($458), with the daily limit remaining at 60 euros.
  • To facilitate Greeks studying abroad the decree permits the electronic transfer of up to 5,000 euros per trimester.
  • people receiving health treatment abroad will be able to access up to 2,000 euros in cash.
  • A broad range of capital controls still remain in place, however, including a block on capital transfers
  • The decree also enables the Bank of Greece to restrict the amount of euros or other currency carried in cash out of Greece.
  • New sales tax rates that were agreed between Greece and its international creditors in return for a three-year bailout last week will also come into effect on Monday.


The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis

  • According to a new report from the Jubilee Debt Campaign, there are currently 24 countries in the world that are facing a full-blown debt crisis…

■ Armenia

■ Belize

■ Costa Rica

■ Croatia

■ Cyprus

■ Dominican Republic

■ El Salvador

■ The Gambia

■ Greece

■ Grenada

■ Ireland

■ Jamaica

■ Lebanon

■ Macedonia

■ Marshall Islands

■ Montenegro

■ Portugal

■ Spain

■ Sri Lanka

■ St Vincent and the Grenadines

■ Tunisia

■ Ukraine

■ Sudan

■ Zimbabwe

And there are another 14 nations that are right on the verge of one…

■ Bhutan

■ Cape Verde

■ Dominica

■ Ethiopia

■ Ghana

■ Laos

■ Mauritania

■ Mongolia

■ Mozambique

■ Samoa

■ Sao Tome e Principe

■ Senegal

■ Tanzania

■ Uganda

  • Spain’s Debt to GDP has risen from 69% to 98%. Italy’s Debt to GDP has risen from 116% to 132%. France’s has risen from 85% to 95%.
  • In addition to Spain, Italy and France, let us not forget Belgium (106 percent debt to GDP), Ireland (109 debt to GDP) and Portugal (130 debt to GDP).


China Dumps Record $143 Billion In US Treasurys In Three Months Via Belgium

  •  China has sold a record $96 billion in Treasurys in the last three months.China has already dumped a record total $107 billion in US Treasurys in 2015 to offset what is now quite clear capital flight from the mainland, and the most aggressive attempt to keep the Renminbi stable



Police State


Japan Allows Military to Fight for the First Time Since WW2

ARTICLE 9. Aspiring sincerely to an international peace based on justice and order, the Japanese people forever renounce war as a sovereign right of the nation and the threat or use of force as means of settling international disputes.

(2) To accomplish the aim of the preceding paragraph, land, sea, and air forces, as well as other war potential, will never be maintained. The right of belligerency of the state will not be recognized.

TOKYO — Defying broad public opposition and large demonstrations, Prime Minister Shinzo Abe won a crucial vote in Parliament on Thursday for legislation that would give Japan’s military limited powers to fight in foreign conflicts for the first time since World War II.


US Delivers 100Humvees to Ukraine

  • One hundred High Mobility Multipurpose Wheeled Vehicles, or Humvees, were delivered to Ukraine on Saturday,
  • A first batch of 10 Humvees was delivered to Ukraine in March.


LPR militia begins withdrawing weapons under 100mm calibre

  • The self-proclaimed Donetsk and Lugansk People’s Republic (LPR) begins a unilateral withdrawal from the line of engagement of the weapons under 100-mm calibre to the distance of at least three kilometres,” 
  • “Despite the complicated military and political situation in Ukraine, we are not going to use this advantage and provoke a new circle of conflict,” he said.


Ukrainian Army Says Did Not Receive Orders to Withdraw Weapons in Donbass

  • The Ukrainian military has not received an order to begin withdrawal of its weapons with a caliber of less than 100mm from the line of contact in eastern Ukraine, a spokesman for the General Staff of Ukraine said Sunday.


ISIS used chemical weapons against Kurds

  • Islamic State (IS, formerly ISIS/ISIL) militants used poison gas while shelling a Kurdish village in late June, UK-based Syrian Observatory for Human Rights reports
  • While there have been unconfirmed reports of IS fighters using toxic substances in the past, the rights group claims it has documented the accounts from the June 28 chemical weapons attack in detail. 
  • Meanwhile, the Observatory called on the UN Security Council to send an international probe to Syria to “detect the use of gases by IS and the regime troops across Syria.” Previously, the group had been blaming Syrian President Bashar Assad’s forces for launching several chemical attacks amid the Syrian civil war.


Cyber Attacks

False Flags

Reports the gunman was battling depression, was he on ssri’s? It seems this is the pattern for these shootings

Chattanooga gunman: foreign links of ‘a new generation of terrorist’ investigated

  • Federal investigators are looking into the international connections and foreign travel of Muhammad Youssef Abdulazeez,


Wesley Clark Promotes Internment Of ‘Radicalized’ US Citizens

  • Clark: We have got to identify the people who are most likely to be radicalized. We’ve got to cut this off at the beginning. There are always a certain number of young people who are alienated. They don’t get a job, they lost a girlfriend, their family doesn’t feel happy here and we can watch the signs of that. And there are members of the community who can reach out to those people and bring them back in and encourage them to look at their blessings here.
  • But I do think on a national policy level we need to look at what self-radicalization means because we are at war with this group of terrorists. They do have an ideology. In World War II if someone supported Nazi Germany at the expense of the United States, we didn’t say that was freedom of speech, we put him in a camp, they were prisoners of war.
  • So, if these people are radicalized and they don’t support the United States and they are disloyal to the United States, as a matter of principle fine. It’s their right and it’s our right and obligation to segregate them from the normal community for the duration of the conflict. And I think we’re going to have to increasingly get tough on this, not only in the United States but our allied nations like Britain, Germany and France are going to have to look at their domestic law procedures.


Other News