Debt Rattle July 15 2015

 

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  • #22458

    Russell Lee Street scene. Spencer, Iowa 1936 • China’s Official GDP Charade Is In – And, Surprise! It’s 7% (Quartz) • China’s Economic Troubles Start
    [See the full post at: Debt Rattle July 15 2015]

    #22469
    Raleigh
    Participant

    October 19, 2015 – the day I hope Harper packs up his panties and moves to the Ukraine. Good riddance! We’ll claim him as an export and value him at – how about 0?

    Canada’s Finance Minister, Stephen Poloz, a third-generation Ukrainian Canadian – they’re everywhere – just lowered the benchmark interest rate to 0.5%. I guess he wants to lower the Canadian dollar in order to help out his export buddies.

    “Poloz spent 14 years with the Bank of Canada (1981-1994) before leaving as Chief of Research Department to become managing editor of BCA Research from 1994 to 1999. Poloz joined Export Development Canada agency in 1999 and became its President and CEO in 2010.

    He has been a visiting scholar with “Economic Planning Agency” in Tokyo and at the International Monetary Fund in Washington D.C.

    Poloz attended the 62nd Bilderberg Annual Conference in Copenhagen, Denmark, on May 29 – June 1, 2014, where one of the subjects being discussed was the situation in Ukraine.”

    https://en.wikipedia.org/wiki/Stephen_Poloz

    Another Bilderberg/IMF boy.

    #22470
    Raleigh
    Participant

    “Greek lawmakers voted overwhelmingly early Thursday to approve a harsh austerity bill demanded by bailout creditors, despite significant dissent from members of Prime Minister Alexis Tsipras’ left-wing party.

    The bill, which imposes sweeping tax hikes and spending cuts, fuelled anger in the governing Syriza party and led to a revolt against Tsipras, who has insisted the deal forged after a marathon weekend eurozone summit was the best he could do to prevent Greece from catastrophically crashing out of Europe’s joint currency.

    The bill was approved with 229 votes in favor, 64 against and six abstentions — and won the support of three pro-European opposition parties.

    Prominent Syriza party members were among the dissenters, including Energy Minister Panagiotis Lafazanis and former finance minister Yanis Varoufakis, who many blame for exacerbating tensions with Greece’s creditors with his abrasive style during five months of tortured negotiations.”

    https://www.cbc.ca/news/business/greek-parliament-passes-austerity-bill-despite-dissent-1.3152371

    Is this a joke?

    #22471
    Raleigh
    Participant

    Alex Andreou – “Now, you may think he didn’t achieve a better deal – that may be a fair criticism – but to suggest the referendum authorized Grexit is deeply disingenuous. And what about the 38% that voted “NAI”? Was Tsipras not there representing those people, too?”

    Why didn’t the referendum ask this very question: Are you in favor of a Grexit? This question could easily have been asked.

    So Greece, who should never have joined in the first place, gets a bailout loan (which banks take 92% of), and then now gets another bailout (putting them further in the hole) and maybe ends up selling their assets? What the heck? Something is going on here that’s not being said, like the whole thing is about to implode and they all know it.

    #22472
    Nassim
    Participant

    “Canada And Ukraine Announce ‘Milestone’ Free Trade Agreement (AFP) ”

    This is really beyond the ridiculous. A tiny number of Canadians of Ukrainian descent – many of them offspring of former Nazis – decides what the foreign policy of Canada should be vis-à-vis Ukraine. Well, they got their wish and Ukraine has been “liberated” with the help of US$5bn. A look at the economy since then will confirm that Ukraine is far worse of than Greece.

    “One Day in the Life of ‘Ukrainian Democracy’”

    One Day in the Life of ‘Ukrainian Democracy’

    My wife and kids are visiting some friends in Belarus right now – people who moved there from the UK. By all reports, the economy there is not doing too badly – they are making money by busting the sanctions in both directions. We were all told that Belarus is run by a dictator who ousted a host of NGO (many financed by the US government despite). I think people underestimate the value of relative stability.

    #22476
    Raleigh
    Participant

    “Let’s look at what just happened.

    Tsipras himself said that there is no purpose to elections in Greece. Did you get that folks? There is no purpose to elections; you are not selecting the direction of your country, you are beholden to an outside interest. You have no right to self-determination.

    This is not just my opinion. The IMF says it is impossible to resolve the problems in Greece without major write-downs of the existing debt. Virtually everyone that has an opinion on this including the ECB and BIS along with others are reporting that roughly a third of loans held by Greek banks are 90 days or more delinquent!

    If this is recognized on any sort of honest accounting basis then the ECB — the European Central Bank — is rendered insolvent. That’s right — as of right now, based on every independent financial analytical opinion out there including the IMF, the BIS, the now-resigned Greek finance minister and Tsipras himself, the European Central Bank is factually bankrupt as its bad debts exceed the entity’s capital (by a hell of a lot.) That’s because all of that bogus Greek debt, official and otherwise, was shoved onto the ECB’s balance sheet over the previous four years so the various banks, including most of the big banks in Europe that had “loaned” Greece money, wouldn’t have to take the loss themselves and potentially blow up. Understand this folks: There is no way to prevent the blowup from happening other than to literally enslave the entire nation of Greece and kill anyone who resists.

    THE ENTIRE GREEK NATION IS NOW A CONFIRMED SLAVE COLONY AND ON THIS NEWS WE GET A NICE POP IN THE S&P FUTURES! And oh by the way, Greece has an impossible output (labor) demand in front of them, they will fail as a consequence, and as a result it will blow up in their — and the ECB’s — face. This is a reason for the market to advance?”

    https://market-ticker.org/akcs-www?post=230376

    #22478
    Nassim
    Participant

    Ukraine is of focus at the moment, but one should pay a little attention to what is going on there:
    “The 25 year old girl / actress in “I am Ukrainian” propaganda video is now deputy governor of Odessa”

    https://redpilltimes.com/must-read-to-believe-the-25-year-old-girl-actress-in-i-am-ukrainian-propaganda-video-is-now-deputy-governor-of-odessa/

    Saakashvili recently dropped his Georigian and US citizenship to become governor of Odessa. He is wanted back home in Georgia for torture. The US set up a torture centre for him in the woods in Georgia. I lunatic was given the task to anally rape Saakashvili’s political enemies. This was videoed and Saakashvili and his cronies liked to watch the videos while partying. Unbelievable depravity by those who count in the US.

    “PRISON TAPE SCANDAL”

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