China’s Renminbi Is On Its Way To Becoming A World Currency Which Will Surpass The U.S. Dollar – Episode 608

China Reserve Currency
Click On Picture To See Larger Picture

IMF admits the bailouts to Greece was for the banks not the people. Cyprus is protesting austerity. Initial jobless claims rose but are missing the jobs that were lost because of the oil suppression. US factory and new orders are declining. China renminbi is on its way to becoming a world currency. Obamacare has not met the expectations of the people. FCC is taking over the internet to solve problems but there are no problems. Ukraine is now under capital controls. US getting ready to send troops into Syria.

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 – 03.05.2015


Economy

IMF Director Admits: Greek Bailout Was “To Save German & French Banks” 

  • The IMF has admitted that the various Greek bailouts were not for The Greeks at all“They gave money to save German and French banks, not Greece,” Paolo Batista, one of the Executive Directors of International Monetary Fund said

Continue reading “China’s Renminbi Is On Its Way To Becoming A World Currency Which Will Surpass The U.S. Dollar – Episode 608”

Governments Keeping The Illusion While The World Collapses – Episode 136

youtube_illusion_war_collapse_economic_collapse2

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. Continue reading “Governments Keeping The Illusion While The World Collapses – Episode 136”