The Greek people are sick and tired of austerity, unemployment is ~30% and rising. The Greek people are being urged by their government to keep all money in the country to help the debt problem. More financial layoffs are looming, reports are filtering in that many will possibly lose their jobs in the next few months. The Ukraine crisis continues, the central bankers/US government are pursuing other options, meanwhile they are positioning military assets for war with Syria and Libya. The US government is trying to push legislation and attach it to the Ukraine bill which will meet the obligations of the IMF. If this legislation is not passed there is a high possibility that the US dollar might shift the reserve status to the SDR which would wreak havoc on the American people. The dollar would devalue and goods and services would be to expensive for most people.
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Current News – 03.12.2014
- A protest march is planned in central Athens later in the day, while civil servants have penciled in another 48-hour strike on March 19-20.
- Demonstrators gathered at two squares in central Athens, including cleaning staff fired by the Finance Ministry, who marched holding up buckets and mops.
- The latest disruptions have come as negotiations with rescue lenders have dragged on for months, with the government reluctant to impose more economic pain in a country already exhausted by a six-year recession. Continue reading “Is The Devaluation Of The Dollar Unavoidable? – Episode 312”