Posts Tagged ‘Collapse’

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Dandelion Salad

Dandelion Salad

Nov 15, 2012 by strugglevideomedia

Alan Akrivos explains the issues in the huge strikes by Greek, Italian, Portuguese and Latin American workers. Nov. 14, 2012 in New York City.

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Violent clashes erupted between police and protesters in the northern Italian town of Riva del Garda as tens of thousands took to the streets of Italy in a nationwide anti-austerity demonstration dubbed ‘No Monti Day.’ – READ MORE http://on.rt.com/yg6nrw

In Rome police expected some 30,000 to take to the streets, but activists estimate that up to 100,000 showed up.

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The Extinction Protocol

September 4, 2012SPAINAfter working six years as a senior executive for a multinational payroll-processing company in Barcelona, Spain, Mr. Vildosola is cutting his professional and financial ties with his troubled homeland. He has moved his family to a village near Cambridge, England, where he will take the reins at a small software company, and he has transferred his savings from Spanish banks to British banks. “The macro situation in Spain is getting worse and worse,” Mr. Vildosola, 38, said last week just hours before boarding a plane to London with his wife and two small children. “There is just too much risk. Spain is going to be next after Greece, and I just don’t want to end up holding devalued pesetas.” Mr. Vildosola is among many who worry that Spain’s economic tailspin could eventually force the country’s withdrawal from the euro and a return to its…

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The Extinction Protocol

August 14, 2012 GREECEA senior member of Chancellor Angela Merkel’s party issued a stark warning to Greece on Monday, saying Germany would not hesitate to veto further aid to the country if there were any signs it was not meeting the conditions of its bailout. The comments, by the deputy parliamentary leader of Merkel’s Christian Democrats (CDU) Michael Fuchs, are a sign that frustration with Greece among ruling party lawmakers is nearing the breaking point. The ‘troika’ of the European Commission, the European Central Bank and the International Monetary Fund is due to decide on the disbursement of the next tranche of money from Greece’s 130 billion euro bailout package in September. “Even if the glass is half full, that won’t be sufficient for a new aid package. Germany cannot and will not agree to that,” Michael Fuchs told German newspaper Handelsblatt. “We long ago reached the…

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Truth11

Monday, August 13, 2012

Susanne Posel, Contributor
Activist Post

The biggest banks in the US have been given advisement by US regulators that they must make plans to stave off a complete financial collapse without relying on the US government. Bank of America, Goldman Sachs and other technocrats have secretly crafted worst-case scenarios in which they can continue to thrive during a full-blown domestic monetary crisis.

The Federal Reserve and the US Office of the Comptroller of the Currency (OCC) named Citigroup Inc., Morgan Stanley and JPMorgan Chase & Co. as well as others to devise “recovery plans” in 2010. Banks were directed to have schemes to remain afloat by selling off assets, finding alternative sources of funding, reducing risky measures that make a quick buck. These strategies were to be perfected with “no assumption of extraordinary support from the public sector.”

Resolution plans, required under the 2010 Dodd-Frank financial reform law describe how…

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The Extinction Protocol

August 11, 2012ECONOMYUntil recently, it was a sign of political correctness not even to consider the possibility of a euro collapse. Investment experts at Deutsche Bank –Germany’s largest bank — now feel that a collapse of the common currency is “a very likely scenario.” Germany’s second-largest bank — Commerzbank — has also flagged fears of a Eurozone collapse whilst bracing for a worsening of the euro-crisis. “The greatest downside risk remains an uncertainty shock from an escalation of the sovereign debt crisis, ie, the collapse of the monetary union,’ Commerzbank states in its latest quarterly report released this week, adding that it thought the risk was higher now than in autumn last year. Italian Prime Minister Mario Monti has also warned of the “psychological break-up” of Europe if the euro crisis is not soon resolved. Spain and Italy, the two chief trouble spots, are threatened with…

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