This War Will Not Be Like The Others, It Will Be Catastrophic – Episode 153

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The economy is getting worse, retail is down, housing is declining, the stock market is barely staying in the green and gold is rising. War is coming. This war will be used by the central bankers/US government to control all natural resources and keep these countries using the dollar as the reserve currency.  If the central bankers/US government cannot do this the dollar collapses. The US Congress is debating to vote for the war on Syria. If the Congress votes no the US government will use a false flag event to bypass 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.


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Economy

Spain youth unemployment reaches record 56.1%

The unemployment rate in the Eurozone is going up not down. As time passes it is getting harder and harder for people to find work. Spain youth unemployment is at 56.1%, the youth is the future of the country, if they cannot find work there is not future.

  • Number of young Spaniards belonging to ‘lost generation’ is up 2% since June, despite government claims that the worst is over
  • Youth unemployment in Spain has reached a new high of 56.1%, a quarter of the 3.5 million under-25s jobless across the eurozone, according to the latest Eurostat figures.
  • The number of young Spaniards belonging to what has become known as the lost generation is up 2% since June to 883,000. Only Greece has a higher percentage of young people out of work, at 62.9%.
  • Among adult males, Spain has the highest unemployment at 25.3%, higher even than Greece. Despite the government’s claims that the worst has passed and that employment reforms will encourage firms to hire, the figures suggest it will be a long time before any upturn in the economy is reflected in a declining jobless rate. With the holiday season coming to a close, the numbers are likely to rise as workers on seasonal contracts go back on the dole.
  • With close to six million Spaniards out of work, unemployment is so entrenched that there was no political reaction to the latest figures, neither from government nor the opposition. Indeed, mentioning the economy at all has become virtually taboo across the political spectrum. Meanwhile, Spaniards and recent immigrants are deserting the country in search of work, with 500,000 leaving in 2012, 60,000 of them Spanish nationals, most of them to Latin America and Europe.

It’s Not “If” The US Attacks Syria, It’s “When” – Episode 152

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The American people are against any war in Syria, Congress is being called back into session but at this time if they took a vote now it would be a no to war in Syria.  The US is making their case and incrementally presenting evidence hoping to sway the rest of the world to agree with them. In the meantime the UN said it would take 2 weeks to go through all the evidence. The President is leaving on Sep 5 for the G20 meeting. The President is buying time because Congress, the American people and the rest of the world are not convinced that Assad did the attack. He is using this time to build a case before the UN results.

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

US Banks on Swiss: RIP

  • The Buffets and the Gates of the US will be shedding a few tears this week as the United States and Switzerland have reached an agreement that brings the status of the latter as a tax haven for Americans (or will they?). No more hiding their cash away in Swiss banks. No more tax avoidance and money laundering. No more secret accounts and banking secrecy. At one time bankers could be trusted to keep secrets. These days they can’t. There’s always someone somewhere willing to pay more than the secret of what you have locked away in the vaults is actually worth.
  • The US and Switzerland have been talking over the possibility of putting a stop to the flow of money from the US into the Swiss banks for three years and have just found some common ground. Although it is hard to see just what advantage the Swiss state has got out of the whole affair. Swiss banks will end up being punished if they have aided and abetted wealthy US citizens in their attempts to hide money from the tax authorities. They will also be required to provide details to the US authorities regarding the account holders as well as details about people who are working on the accounts at the banks. Is this the end of Swiss banking?

Special Report: Attack On Syria Will Engulf The Entire Region – “News Brief” – Episode 151

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In this news brief we will discuss the latest news on the economic collapse. The US has made the claim that Assad has used chemical weapons on his own people. The President has decided to let Congress vote on the war, meanwhile more ships, more military assets are moved into position outside of Syria. The Russians are telling the US not to do this because there will be consequences which will most likely turn into a world war.

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

Guess Which “Bearish” Bank Bought A Record Amount Of GLD In Q2

Didn’t Goldman become bearish on gold in April. They told everyone to sell it. I can’t believe it, they lied again, remember the sub-prime securities

  • In early April, the status quo was exuberant when none other than Goldman Sachs issued a “sell” on the barbarous relic that has become so indicative of the exuberance of central planning. At the time, we were skeptical (to say the least) and, just for extra Muppetting, the bank also suggested its clients buy Treasuries. Well, now that the full details of holdings changes have been released for Q2, it is perhaps clearer than ever before that as the bank was telling its clients to “sell, sell, sell” it was itself “buy, buy, buy”-ing the Gold ETF (GLD) with both arms and feet. In Q2, Goldman Sachs added a stunning (and record) 3.7 million ‘shares’ of GLD. As Paulson dumped his GLD, Goldman lapped it up to become the ETF’s 7th largest holder.
  • Goldman was the largest adding holder for GLD…

High Probability Of A Major Attack On The Financial System – Episode 150

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The Obama administration tried to present evidence that the Syrian government was at fault for the chemical attacks. The problem there was no evidence. Most of the world is not backing the US on this mission of war, so the US is willing to go it alone. This entire war was planned along time ago to cover up the economic collapse. To push this war forward there will be major cyber attacks on the financial system which will in turn bring the economy to a screeching halt. This will be blamed on another country .

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

European Unemployment Remains At All Time High: Ranges From 4.8% To 27.6%

The average European unemployment has not changed from 12.1%, but as we can see the unemployment rate is at an all time high and things are just getting worse for the European countries.

  • Europe may be a union, but when it comes to the distribution of unemployment rates across its 27 member nations (and as of July 1 with the addition of Croatia, 28), it is anything but. As the latest chart from Eurostat shows summarizing the just released July data, it is confusing if one should be more stunned by the continuing record unemployment in the Euroarea, which at 12.1% was once again an all time high (in line with expectations), or the gaping distribution of slack and lack of labor opportunities in the “Union”, which ranges from 4.8% for Austria on the low end, and hits a gargantuan 27.6% for Greece on the high side (although with Spain at 26.3% it is rapidly approaching and threatening to overtake).
  • More details from Eurostat:
  • Among the Member States, the lowest unemployment rates were recorded in Austria (4.8%), Germany (5.3%) and Luxembourg (5.7%), and the highest in Greece (27.6% in May 2013) and Spain (26.3%).
  • Compared with a year ago, the unemployment rate increased in seventeen Member States and fell in eleven. The highest increases were registered in Cyprus (12.2% to 17.3%), Greece (23.8% to 27.6% between May 2012 and May 2013), Slovenia (9.3% to 11.2%) and the Netherlands (5.3% to 7.0%). The largest decreases were observed in Latvia (15.7% to 11.5% between the second quarters of 2012 and 2013) and Estonia (10.1% to 7.9% between June 2012 and June 2013).
  • However, as is well-known, the biggest issue in Europe is youth unemployment. And at 24% in the Euro Area, even without a recent Greek print, it speaks volumes about the future growth potential of the continent.

There Is No Turning Back, War Is On The Horizon – Episode 149

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The circle is almost complete, the central bankers/US government forced other middle eastern countries to use the dollar as the reserve currency. Now its Syria and Iran’s turn.  The central bankers/US government have been trying for over 20 plus years to get into these countries, this is their last attempt and it will start WWIII. There is no turning back at this point, if the war starts tomorrow or 3 weeks from now is not important, war will start to cover up the economic collapse.

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

Gold Confisaction Imminent? Or Does India Simply Have An Offer For Its Citizens They Can’t Refuse…

  • Even as the Indian capital outflows and current account exodus may be threatening to shut down the economy altogether (except for the three oil companies that received a last ditch USD infusion from the RBI yesterday), the central bank is planning and strategizing. And it appears to have come up with more of precisely the same that has led it to its current unprecedented predicament: prevent the population from converting their wealth into hard money, i.e., gold. But while the government’s attempts to impose capital controls on gold purchases have been well documented, the latest foray is just a headspinner. Reuters reports that India is now considering a “radical plan to direct commercial banks to buy gold from ordinary citizens and divert it to precious metal refiners in an attempt to curb imports and take some heat off the plunging currency.”
  • Here we can safely assume that the commercial banks will pay for the gold in… Rupees which just hit an all time low?
  • And not just any rupees but rupees just fresh off the central bank’s printer.

Alert: High Probability There Will Be A War Powers Act False Flag – Episode 148

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The war drums are beating louder and louder. The US and other NATO nations are calling for a strike but they do not have a UN resolutions, the UN Security Council has not yet finished the investigation in the chemical attack.  The economy is falling apart, FEMA regions are stocking up on supplies and India’s economy is completely falling apart. There is a high probability that a war powers act false flag might occur because the President does not have the legal right to strike another country.

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

Portugal’s recovery isn’t really a recovery at all

  • Earlier this month Portugal surpassed expectations when it reported the strongest quarterly growth in the European Union, seemingly confirming its position as “the good student” of the EU-IMF-ECB “troika”.
  • But there are fears that the GDP data were an anomaly and rather than signifying a turnaround in the economy, the country will sink back into recession by the end of year, and that further planned austerity measures will crush any early signs of recovery.
  • “We are clearly seeing stabilisation on many fronts,” said Filipe Garcia, an economist at Infomacao de Mercados Financeiros in Lisbon. “But as long as there is austerity being implemented, the economy will remain in a fragile state,” he warned.
  • And there is certainly more austerity to come if Portugal is to meet the budget deficit targets imposed as part of €78bn (£67bn) bail-out from the EU and IMF.
  • When Portugal went cap in hand to European partners in April 2011 for the three-year aid package, after refinancing interest rates rose to unsustainable levels, the Lisbon government committed to undertake radical measures to correct public finances and increase the economy’s efficiency.
  • Nearly two and a half years later and despite relentless austerity packages, Portugal is still – while not technically in recession – suffering the effects of its harshest economic contraction in 40 years, with unemployment at a record rate of nearly 17pc.

Warning: The War And Economic Collapse Cannot Be Stopped – Episode 147

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The economic collapse and WWIII cannot be stopped at this point. The central bankers have been planning to invade Iran and Syria for years now. They entire mission is to get the natural resources of every country and have the US dollar as the reserve currency.  The economies of the world are an illusion and every government official from every countries are pushing this illusion. There are many warning signs that indicate that this fall we are looking at some type of collapse. Government documents are being exposed that show that governments around the world are preparing for some type of collapse which will lead to rioting, martial law and war.

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

Despite “Austerity” Greek Debt Is Rising At Its Fastest Rate Since March 2010

Debt on debt on debt cannot be sustained while the countries unemployment continues to go up and they government continues to layoff people that would contribute to paying off the debt.

  • The total amount of Greek government debt outstanding has grown so much over the last 15 months that it has retraced over 60% of the ‘haircut’-based reduction and has jumped a stunning 14.5% in that period. As KeepTalkingGreece notes, this is despite three years of strict austerity measures, incredible taxes and a debt haircut of 53% (~100billion euros in March 2012). As To Vima reports, Greek debt stands at EUR 321 billion, which is considerably higher than the pre-crisis levels of 2009. Is it any wonder that Merkel and Schaeuble have been forced to admit that a new bailout will be required? And how long before a ‘new template’ will be enforced?
  • Via KeepTalkingGreece blog,
  • The current debt data corresponds to 180% of GDP and thus despite having achieved a primary surplus. the debt is still burdened with the amount of loan interests.
  • Finance Ministrer Yiannis Stournaras and his economic team try to find ways on how to deal with the issue.
  • The big question remains: is the debt sustainable? Could a new haircut solve the problem of always increasing debt?
  • New bailout