Tag Archives: Bailout Fail

German Government Takes Off Mask, Emerges As Fascist Dictatorship

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“The Greek national broadcaster was taken off air in the middle of a programme on Tuesday night without warning, without a public debate or a debate in parliament. A brave group of journalists have rebelled and keep a skeleton service going as a pirate station cheered on by supporters in scenes worthy of a fascist dictatorship.  A poll shows two thirds of the Greeks oppose the closure of their national broadcaster, paid for by their taxes. The ERT was shut down by the police following a decree — considered illegal by many — by the EU/ECB/IMF Troika puppet, Greek Prime Minister Antonis Samaras. The move was greeted with applause by the German government.”

http://birdflu666.wordpress.com/2013/06/16/he-end-of-the-lie-germany-emerges-as-a-fully-fledged-fascist-dictatorship/

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Lies the IMF Tells

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“The International Monetary Fund has published a scathing internal self-assessment of its bailout of Greece three years ago. It isn’t pretty. The IMF underestimated the damage that fiscal austerity would do to the Greek economy in its earliest rescue of the nation in 2010. It was too slow to promote a write-down of the nation’s debts to more sustainable levels. And it was compromised by a sometimes unwieldy partnership with major European institutions in what became known as the ‘troika.’ The IMF could have handled its 2010 bailout of Greece quite a bit better, a staff review found.”

http://www.thedailybell.com/29203/Lies-the-IMF-Tells

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Bill Bonner: Fed’s policies are bringing poverty

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BillBonner

“The Panic of 1907, before all these ‘protections’ were put in place, was over in 3 months…followed by full employment.  The Crash of 1921 took longer – about 18 months – but when it was over anyone who wanted a job could find one.  But now, we’ve been in the Great Correction for 5 years. Millions of people have given up; they’re no longer even looking for work. And suicide has replaced car accidents as the number one threat to working-age Americans.  You want to reduce the rate of suicide? Eliminate the barriers to saving, capital formation and employment.”

http://www.equitymaster.com/dailyreckoning/detail.asp?date=05/31/2013&story=2&title=Feds-policies-are-bringing-poverty

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Former Citi Exec Goes On TV, Pleads That Big Banks Need More of Your Money

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Former Citi Exec Goes On TV, Pleads That Big Banks Need More of Your Money

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Greece Considering Labor Camp for Those Who Can’t Pay Their Taxes

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EPJ13

“Apparently the Greek government is planning to use an old army base as a forced labor camp for those unable to pay their taxes.”

http://www.economicpolicyjournal.com/2013/05/greece-considering-labor-camp-for-those.html

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Soros To Germany: Introduce Eurobonds or Hit The Bricks

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EPJ13

“George Soros made an assertion aimed at the heart of the euro crisis: Germany should either agree to introduce ‘Eurobonds’ – which would mutualize the public debts of all of the euro zone member states – or step out of the way and leave the euro, so that the remaining member states could move forward with debt mutualization.”

http://www.economicpolicyjournal.com/2013/05/soros-to-germany-introduce-eurobonds-or.html

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Switzerland reintroduces immigration quotas after sudden influx of Europeans

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“Switzerland will begin restricting residence permits to citizens from 17 European Union countries, including the UK, on June 1st.  The measure, approved by the federal government and announced by the immigration department on Wednesday, was triggered by a safeguard clause in the freedom of movement agreement signed by the Swiss with the EU.  The clause allows for the Swiss to restrict immigrants from the EU unilaterally until May 31st, 2014.  It can be enacted if the number of residence and short stay permits issued to EU workers exceeds by at least 10 percent the average number of annual permits issued in the previous three years.”

http://www.thelocal.ch/page/view/eu-citizens-face-swiss-residence-quotas

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Europeans Rapidly Losing Faith in EU Project

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“Europe’s ongoing economic crisis and lasting currency woes are beginning to rapidly erode faith among Europeans in the EU project. That is the result of a new survey undertaken by the renowned Pew Research Center in Washington D.C. and released on Monday evening.  In just one year, the share of Europeans who view the European Union project favorably plummeted from 60 percent in 2012 to just 45 percent this year. Furthermore, only in Germany does a majority continue to support granting more power to Brussels in an effort to combat the ongoing crisis.”

http://www.spiegel.de/international/europe/new-pew-study-finds-europeans-losing-faith-in-eu-project-a-899588.html

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Spain’s Bitcoin Reaction to the Cyprus Crisis Government Grab of Deposits

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“Number of Bitcoin dealers, before and after the Cyprus crisis, in Spain.”

http://www.economicpolicyjournal.com/2013/05/spains-bitcoin-reaction-to-cyprus.html

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It’s Not Pretty: The EuroZone Economies

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“The EuroZone is in the down phase of the business cycle and government regulations make it difficult for startups in most EZ countries to launch, regulations in most EZ countries also make it risky for established firms to hire. Further, unemployment packages make it attractive for most to stay unemployed once they are laid off. Thus you have economies that look like this. Unlike the European Central Bank, which has been doing only very modest money printing, the Fed has been flooding the markets, which has caused, yet another manipulated boom in the housing sector and stock market, that will, soon enough, experience another bust.”

http://www.economicpolicyjournal.com/2013/05/its-not-pretty-eurozone-economies.html

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