Here Is The Secret On The Economic Collapse – Episode 137

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The middle east is in turmoil, the US government paid mercenaries are losing the battle in Syria, failure is imminent. To bring the war out of Syria they central bankers/US government is causing anarchy all across the middle east. The FED is confusing the markets and the stock market is dropping and gold is rising. Many retail outlets are showing a decline in revenue and Walmart which is the gauge of the middle class is reporting their sales are falling. Macy’s is also showing that sales are falling. George Soros is putting a put call on the S&P 500 betting that its going to 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

India Bans All Gold Coin Imports, Increases Capital Controls

  • Not satisfied with raising import tariffs on gold and putting in place jarring new FX flow capital controls, it seems the war on a weakening Rupee continues. We previously discussed the unintended consequence of such actions – including the rise of the gold smuggler – but the latest total ban on the importation of gold coins and medallions is edging India closer and closer to the Argentinian edge of Cristina Fernandez totalitarianism (after the initial ban on sales in June). In an effort to “moderate outflows” of Rupee, the Indian central bank slashed the amount of money families can send out of the country per year to $75k (from $200k) and limited overseas investment to 100% of net worth (from 400%). “We will leave no stone unturned” to control the current account deficit and stabilize the rupee, the finance minister warned; which of course removes any hope that monetary easing to revive growth will occur anytime soon.
  • Since the Fed began discussing Taper – the Rupee has weakened almost 15% (3 months)…
  • On Gold’s import ban (via RBI),
  • Import of Gold by Nominated Banks /Agencies/Entities
  • 1. Attention of Authorised Persons is drawn to the Reserve Bank’s A.P. (DIR Series) Circular No. 15 dated July 22, 2013 on the captioned subject. As per these instructions, certain restrictions were imposed on the import of various forms of gold by nominated banks/nominated agencies/ premier or star trading houses/SEZ units/EoUs which have been permitted to import gold for use in the domestic sector.

Governments Keeping The Illusion While The World Collapses – Episode 136

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The US government is keeping the illusion that everything is going well. The mainstream media is continually reporting that the economy will be recovering in the fall and that the FED will be able to taper. Around the world the European crisis has been contained and the mainstream media is reporting that the worst is over. Meanwhile the middle east is revolting against the western powers and the economic collapse and war are gaining steam.

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 to seize assets of tax dodgers

For those people who worked half a year or an entire year then lost their jobs still need to pay taxes if they owe them. It is very difficult to pay when you are using the money to survive, to feed your family and to pay for your basic needs. Businesses that have seen their revenue drop also have a hard time paying taxes because they are trying to keep their heads above water.  Unemployment in Greece is approaching 30% and among youths it is ~60%

    • Greek tax authorities will seize the assets of businesses and individuals who do not settle their tax debts, the government said on Tuesday (13 August).
    • Under the plans, the Greek finance ministry will issue warnings that assets will be seized if the recipients do not arrange a payment plan within 20 days to those who owe more than €10,000.
    • The move is the latest attempt by the Greek government to clamp down on tax evasion.
    • An estimated €60 billion in unpaid taxes and social security contributions are currently owed to the Greek government, leaving a gaping hole in the country’s budget.
    • Earlier this week, figures released by the Greek finance ministry revealed that tax revenues from the first six months of 2013 were about €1.5 billion behind target.
    • While revenues have been badly hit by the country’s six-year recession which has wiped out over 20 percent of the country’s economy, tax collection remains one of Greece’s biggest budgetary problems.

    Confusing FED, Preparing For War With Syria Without US Troops – Episode 135

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    The stock market has been down for days now, the plunge protection team and the high frequency traders have been trying to prop up the market but has not been successful. The FED has been talking about tapering, all signs looks like they are tapering as the market is falling. To push the market back up the FED says they might not taper.  The US government is preparing to invade Syria but without using US troops, they will use trained paid troops to do the fighting. This way the US government hopes they will trick the Russian government in not getting involved.

    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 to need more bailout loans by start of 2014: Germany’s central bank

    • Adding more debt is not going to solver their problem. How many bailouts have there been. The government officials have told us that they would only need one and the crisis was solved. But when the majority of the people are unemployed and there is little revenue being brought in to pay the debt the country will not be able to get out of debt.
    • A report has revealed a document showing Germany’s central bank predicts that the recession-hit Greece will need more rescue loans from its international creditors by the start of the next year.
    • According to the report published by prominent German magazine Der Spiegel earlier this week, the document from the Bundesbank indicated that the cash-strapped Mediterranean country will need more bailout loans from the so-called troika of international lenders — the European Union (EU), the European Central Bank (ECB), and the International Monetary Fund (IMF) by the start of 2014.
    • The German magazine dubbed the document a Bundesbank report prepared for the IMF and German finance ministry.
    • Greece has been dependent on bailout funds from international rescue loans approved by the troika of international creditors since May 2010.
    • The Greek economy is in its sixth year of recession due to fiscal mismanagement resulting in tax rises and spending cuts.
    • This is while Greece’s jobless rate reached 27.6 percent in May 2013, up from 27.0 percent in April, according to a report released on August 8 by Greece’s statistic service LSTAT.
    • The agency added that the youth aged between 15 and 24 were hit the hardest with a 64.9 unemployment rate in May.
    • The country’s unemployment rate stands at more than double the eurozone’s average reading of 12.1 percent, reflecting a deepening recession after years of austerity being imposed under the EU bailout plan.
    • Europe plunged into financial crisis in early 2008. The worsening debt crisis has forced the EU governments to adopt harsh austerity measures and tough economic reforms, which have triggered incidents of social unrest

    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.