“We’re Not Some Banana Republic, This Is Not A Deadbeat Nation” – Episode 174

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The Government is only days away from a shutdown. They need to raise the debt ceiling so they can fund all the programs. What does this tell us, the US government does not take enough in from the people to pay its bills so it needs borrow on a credit card to pay. So at this point the government is completely broke. The central bankers/US government are now planning a false flag of false flags. They have have an attack clause in the agreement with Syria, which is Chapter VII. “We’re Not Some Banana Republic, This Is Not A Deadbeat Nation” – President Obama

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.


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Economy

Italy on Verge of Downgrade to Junk; Silvio Berlusconi’s Supporters Threaten Mass Resignation from Parliament

  • Silvio Berlusconi supporters threatened to resign form Italy’s parliament en masse today, even though a week ago Berlusconi himself said he would not end the coalition. To someone in the US, such a ploy makes little sense, because as soon as you resign, you lose your vote.
  • Parliamentary rules described below suggest there may be some merit in the idea, but I still think a coalition collapse by ordinary means (withdrawing support) is more likely. Regardless, one way or another, the threat of a coalition collapse is back in the picture.
  • In response to the threat of a government collapse Standard & Poor’s warned of a further downgrade “by one notch or more” if Italy could not demonstrate “institutional and governance effectiveness”. Italian sovereign debt is just two notches above junk.

Osama bin Laden Is Out And The White Widow Is In, The New Face Of Terror – Episode 173

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Osama bin Laden is out and the White Widow is in. She is the new face of terror. There is a warrant for her arrest. There is now global terrorist alert for Africa, Europe, Middle East and America. The economy propaganda is continuing and all private western central bank nations are pushing that the economy is doing well event though it is collapsing. The stock market is hitting all time highs and precious metals are being pushed down .

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.


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Economy

Private-sector deposits in Cypriot banks slide in Aug -ECB

  • Consumers and companies continued to withdraw deposits from banks in Cyprus in August, where big account holders in the two largest lenders were forced to take a hit as part of an international bailout.
  • Private-sector deposits fell by 2.1 percent to 35.9 billion euros after a 2.4 percent fall in July, European Central Bank data showed on Wednesday.
  • They had peaked at 50.5 billion euros in May of last year and have now lost almost 30 percent of the private-sector deposit base in just 15 months, hitting the lowest level since June 2008.
  • Banks on the island were shut for nearly two weeks in March after Cyprus agreed a 10-billion-euro bailout, which forced major depositors to pay part of the cost of the rescue.
  • Capital controls are still in place on the island, with limits on how much people can transfer from their accounts. Cyprus is gradually easing the controls.
  • The data showed that deposits in other southern European countries mired in the debt crisis remained relatively stable.
  • Private-sector deposits fell less than half a percent in Portugal in August. They were flat in Greeceand up slightly in both Italy and Spain.
  • Monthly fluctuations in the figures are common, though sharp consecutive drops in countries with stable banking systems are unusual.

Alert – One Step Closer To The Big Event, Be Prepared!! – Episode 172

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The central bankers/US government are in the process of building the propaganda that al-Qaeda and al-Shabaab are now very strong terrorist groups. They are making the case that these groups are much more sophisticated and will be able to strike America. The Government officials along with the corporate media are making the case that the economy is getting better but when you look at the hype you can see the economy is not doing as well as they are making everyone believe. The government and corporate media are playing mind games with the American 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.


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Economy

France public debt to hit record 95.1% of GDP in 2014

What do we know, Spain, France, Cyprus, Greece, Portugal, Italy etc…. and oh yeah America all have huge amounts of debt. In the eyes of Government officials and the central banks when a countries continuously adds more debt it means the country is recovering. This is completely false, it is a band aid which allows the country to function for a little while longer until they need more debt to survive and then eventually the country collapses

  • France says its public debt will hit a new record high of 95.1 percent of the country’s gross domestic product (GDP) in 2014, far higher than previous estimates.
  • Finance Minister Pierre Moscovici and Budget Minister Bernard Cazeneuve presented the draft budget on Wednesday.
  • Public sector debt, including central government, welfare and local authority debt, stood at 90.2 percent of GDP at the end of last year. The French government had been counting on public debt to peak in 2014 at 94.3 percent of GDP.
  • The draft budget included measures that amount to an “unprecedented’ 15-billion-euro cut in public spending.
  • The two ministers said some 80 percent of fiscal saving in next year’s budget will come from public spending cuts and the remaining 20 percent from tax hikes.
  • The government also plans to issue treasury bills worth over eight billion euros to overcome the worst than expected budget deficit.
  • The 2014 draft budget was based on a growth forecast of 0.9 percent, which was downgraded from a previous 1.2 percent. The French government has said it expects a meager growth of 0.1 percent this year.

Emergency Alert, Please Stand By – Episode 171

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The al-Qaeda Kenya Mall terrorist attack is now over and the situation is under control. Many have called this one of the most sophisticated attacks since 911. Government officials are now scaring and warning the American people that it is highly possible that this new stronger al-Qaeda lone wolf groups are going to attack the US soon. This propaganda build up is for the next false flag event that will push the next war to start with Iran and Syria and eventually it will turn into 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

Venezuela Orders Takeover of Toilet Paper Factory

  • Price controls in action. Reuters reports:
  • Venezuelan state agency on Friday ordered the temporary takeover of a factory that produces toilet paper in what it called an effort to ensure consistent supplies after embarrassing shortages earlier this year.
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  • Critics of President Nicolas Maduro say the nagging shortages of products ranging from bathroom tissue to milk are a sign his socialist government’s rigid price and currency controls are failing.[…]
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  • A national agency called Sundecop, which enforces price controls, said in a statement it would occupy one of the factories belonging to paper producer Manpa for 15 days, adding that National Guard troops would “safeguard” the facility.
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  • “The action in the producer of toilet paper, sanitary napkins and disposable diapers responds to the state’s obligation to ensure a steady supply of basic goods for the people,” Sundecop said, adding it had observed “the violation of the right” to access such products.
  • Notice the use of National Guard troops. When price inflation heats up in the US, will price controls be implemented here? My greatest fear is that they will then be enforced by TSA and other DHS employees let loose on the land. Then you will know why you don’t want a surveillance state, even if “you have nothing to hide.” You will when you need to buy from a back market to survive.

Warning – High Probability Of Something Big Happening Very Soon – Episode 170

youtube_october_surprise_economic_collapse2The al-Qaeda linked terrorists are attacking an Israeli owned mall. Israel sent troops to help with the situation, most likely to kill the terrorists so they will not talk. We are now learning that these terrorist are made up of Americans, British and other countries but are linked to the al-Qaeda group. The government officials are building the case that these terrorists are all over the world, “lone wolves” and they are very hard to track. This build up is being done to convince everyone that al-Qaeda could strike at any moment. They will use this to get the war started in Syria/Iran.

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.


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Economy

Iceland Borrows European “Template” – Removes Large Deposit Guarantees

It seems the bail-in template the Cyprus used is starting to spread to other countries, Italy, Iceland and soon to Europe and then America

  • Following the crisis in October 2008, Iceland’s government declared all deposits in domestic financial institutions were ‘blanket’ guaranteed – an Emergency Act that was reafrmed twice since. However, according to RUV, the finance minister is proposing to restrict this guarantee to only deposits less-than-EUR100,000. While some might see the removal of an ’emergency’ measure as a positive, it is of course sadly reminiscent of the European Union “template” to haircut large depositors. This is coincidental (threatening) timing given the current stagnation of talks between Iceland bank creditors and the government over haircuts and lifting capital controls – which have restricted the outflows of around $8 billion.
  • The government will remove its blanket guarantee for large depositors…
  • Bill on deposit will be tabled in the winter. There will be a deposit equivalent to one hundred thousand euros guaranteed. Later on it is to withdraw from the 2008 statement of all deposits in domestic financial institutions were fully secured.
  • The bill is currently in the process of Finance, but the basis is very similar to the bill presented to Parliament in November 2010 but was not passed. These changes are in line with the European Directive on deposit-guarantee schemes, where individual deposits up to a hundred thousand are secured.

Current Economic Collapse News – News Brief – Episode 169

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

Cyprus’ economy will contract an additional 13% in ’13 and ’14

  • Cyprus’ economy will contract an additional 13% in ’13 and ’14, Reuters said, citing a report by the IMF, ECB and EC “troika” reports Investor Business Daily. Confidence in Cyprus’s once-bloated banking sector is still running low despite a massive reorganisation imposed under a ¤10bn international bailout in March, the IMF said.Despite unprecedented capital controls slapped on the banks in March, the International Monetary Fund said net outflows had reached ¤8bn ($10.6bn), or 12.6 percent of deposits and nearly half of GDP, by August 21. That has put pressure on banks’ balance sheets, already hurt by 30 percent of their loans being classified as non-performing, and led to a sharp contraction in credit supply.Corporate credit declined by nine percent year on year in June, while mortgage lending, already suffering from the effects of recession, was down three percent and consumer loans by seven percent.The IMF report, issued after a first review of the bailout agreed with Cyprus by the Fund, European Commission and European Central Bank, said authorities were on track to fulfil a sweeping package of restructuring measures imposed in exchange for saving the island from bankruptcy. “Nevertheless, risks to the programme remain substantial, given the uncertain impact of the crisis, the still-recovering banking system and ongoing challenges to policy implementation” writes the Peninsula

The FED Sees No Bubbles And Is Not Forecasting A Recession, Déjà vu – Episode 168

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The FED sees no bubbles forming, this is a replay of the crash of 2008. The FED did not see the sub-prime problem, the FED did not forecast a recession and reassured America that house prices would not fall. The US government is still pursuing war with Syria/Iran. The President meets with Benjamin Netanyahu on Sept 30, the fiscal budget end Sept 30 for the paid mercenaries (rebels). Wells Fargo has issued a warning that the stock market is about to break.

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

Hua Xia Bank introduces five gold and silver coin ATMs in Beijing

  • People in Beijing can now buy gold or silver coins at ATMs after the Beijing-based Hua Xia Bank introduced five of the machines earlier this month, according to Hong Kong’s We Wei Po.
  • The bank installed the five machines at its branches across the city in Xidan, Fangzhuang, Zhongguancun, Dongdan and on Qingnian Road.
  • The ATMs look like ordinary teller machines but have an additional compartment to dispense the gold and silver coins. The machines currently offer panda souvenir gold or silver coins and Year of the Snake silver coin and plate sets.
  • A single 1-oz panda silver coin priced at 268 yuan (US$40) is the cheapest item available, while the panda gold coin set is the most expensive at 23,800 yuan (US$3,800).
  • Buyers can purchase the coins using their bank cards. After they place their orders using the machine’s touchscreen, their payments are verified through bank card organization China UnionPay and they can pick up their purchased items through the opening on the lower part of the machine.