To give you an idea of how many people that would be in New Zealand, the Greek population is about 11 million so to extrapolate that to New Zealand’s 4 million population you would end up with about 5455 newly unemployed! If the newly unemployed is the sole bread winner you end up with about […]
Tag Archives: Greece
So Shearer forgot about a bank account he had in New York. He declared the account belatedly meaning it must have had at least $ 50,000.- in it. I don’t know about you but I don’t usually forget about those kinds of sums. Do you? Neh, I didn’t think so! Here is what happens to […]
The problem the Greek elite have is that if they are not seen to be doing anything against the rampant corruption so prevalent amongst them it could very well end with the Guillotine for all of them. So last week the ex-mayor of the second biggest city disappeared to jail for life for embezzling $17 […]
Greece is facing a serious shortage of medicines amid claims that pharmaceutical multinationals have halted shipments to the country because of the economic crisis and, as The Guardian reports, concerns that the drugs will be exported by middlemen because prices are higher in other European countries. Rubbing further salt into the Greek (un-medicated) wound, the […]
Here is a one and a half hour Greek documentary about the privatization and the “soft” coup in Greece by the same people who supported the Military Junta which brought misery to millions of Greeks in times not so long past. It is subtitled in English if you push the subtitle button!
If you want to know what that means consider this: You and I don’t hold any Derivatives. the 0.2% does. We only know of $ 212 Trillion according to this article but calculations about the “shadow banking world” Derivatives(the off the books money supplies which I might add would get our asses in jail if […]
Judging by ongoing momentum moves in various European stock and bond market indicators, one could be left with the impression that something in the continent is actually improving. And while hope of improvement is certainly be high, the reality is vastly different as confirmed by the just released Greek unemployment data, which saw the broad […]
If Greece defaults even partially it will trigger the insurance hedges countries have taken to insure their risks against foreign Currencies. This is what will be the result: Late last night S&P placed Greece into “Selective Default” again. This is not the first time that Athens has been placed in the jailhouse and perhaps it […]
It took the charming three tries for Greece to get its third “bailout”, which incidentally does not bail out anyone except the hedge funds who went long GGBs because the only actual winners resulting from yesterday’s transaction – those benefiting from Europe’s AAA club fund flows are hedge funds as explained previously. As for Greece, […]
While we are watching Sandy the next phase of the economic collapse just happened. The Greek coalition collapsed ahead of an important vote. This means new elections and more chance of the inevitable disintegration of the Euro. If one is curious why the EURUSD has been ramping as if no one will ever sell one […]
This was an accident waiting to happen and trust me when I tell you that if being German could get you killed in Greece since WWII, now is definitely not the time to go to Greece for a holiday if you are German! Greece has threatened to hit Germany with a bill for tens of […]
How would you feel right here in New Zealand if you were told by an international unelected body of bankers that in order to pay off debt you had nothing to do with you would have to work 6 days a week. I didn’t think so! But that is exactly what the international bankers Troika […]
For those of you who think nothing is being said in the MSM about both the Financial Global Collapse and the LIBOR rigging scam may I remind you that this is August and that every politician, journalist, banker and their dog on the Northern Hemisphere is currently on holiday so not a lot seems to […]
This from the Slog: The US Treasury’s Assistant Secretary for International Finance Charles Collyns had a meeting with Greek Finance Minister Yiannis Stournaras in Athens on Wednesday morning. The official Greek media version was that Collyns ‘expressed the support of US-Finance Secretary Tomothy Geithner to Greece and his confidence in Greek efforts. Yinannis Stournas briefed […]
In our MSM today it was announced that with the forming of a new Government in Greece all would be well and I’m sure that the NZ $ 1.36 Billion we just committed to the IMF will go to those thousands of poor starving Greek being fed by gifts from their fellow Greek farmers you […]
Just imagine living like this. Your country is experiencing bank runs every day for the last two weeks and you have stocked up on food to help you survive the coming elections and the possible collapse of your currency. Well that is what’s happening in Greece and it will happen here. $ 112 Billion in […]
While we are being distracted by the royal pageantry and the Olympic games the collapse of our entire financial system moves inexorably towards its demise. Here are some pointers you might be forgiven for having missed as they are not present in our mainstream media. China, the great economic power that was going to be […]
So what is important in mainstream media today? Greece, Spain, Financial meltdowns debilitating entire nations? No, Kim Kardashians hanging braless tits, Zombies on LSD eating other peoples faces and other assorted rubbish are what you are supposed to digest. If like me you have absolutely no truck with Narcissists and Mad men on drugs here […]
In Greece children have to go to school with shoes with holes in them and they are fainting because they are starving but the head of the IMF Christine Lagarde is telling the Greek to pay their taxes in a hideous display of callousness. While all over the Globe millions of people are facing financial […]
And while New Zealand wakes up to arguably one of the worst budgets in the last twenty years (Ruthanasia anyone) and even kids with a holiday job have to pay tax so the rich can continue getting richer while everybody gets poorer here is what is happening in the rest of the world. In a […]
Update on the developing European banking crisis! Fitch has downgraded Greece again and Moody only downgraded 16 Spanish banks after it had announced it would downgrade 21 banks. And Jamie Dimon the CEO of JP Morgan has been invited (What is wrong with old fashioned arrests and police investigations I wonder) to testify before the […]
Today it emerged that the Greek drew another billion Euro’s out of their banks and yesterday the Spanish took a billion out of the partly Nationalised Bank. This is the scariest development yet but it will only spiral out of control from here on. Look for bank runs in Ireland and Italy and possibly in […]
Christine Lagarde spokeswomen if the IMF (International Mafia Federation) finally had to concede what all of us here in the real world have known for years that the structurally unsound Euro is collapsing when she told the press that she was technically prepared for anything with regards to the Greek financial collapse and that effort […]
This just came in thanks to an attentive reader! Remember if Greece goes so does the rest of the financial world! ATHENS—Greek depositors withdrew €700 million ($898 million) from local banks Monday, the country’s president said, as he warned that the situation facing Greece’s lenders was very difficult. In a transcript of remarks by President […]
Warren Buffet once famously called Derivatives a financial weapon of mass destruction but that hasn’t stopped the out of control banking sector to build a bubble worth $500 trillion to 1.5 Quadrillion and since the profits were privatised while the losses were socialised there has been no risk for the banksters. So if you have […]
With each day the situation in Greece gets more and more desperate! The economic crisis across Europe has perhaps been most keenly felt in Greece, where people have taken to the streets in violent and emotional protests against the austerity measures imposed on the nation. In this heartbreaking dispatch from the streets of Athens, SUE […]
If you have ever been in debt to the point of bankruptcy you know that while you battle on to do the right thing there is going to be a moment at which you have to give in to the inevitable. In a previous life my husband and I ran a business which due to […]
Greece’s preliminary election results are a banksters worst nightmare. The pro bail out parties who decided to bail out the banks over the back of their own people are no in a minority and all the other parties are against the bailout. The issue could quickly become one of will Greek stay in the Euro […]
As was inevitable the financial collapse is entering a new and dangerous new phase. A month ago it was announced that with the bail out of the big European banks over the backs of the Greeks Greece had solved Europe’s financial woes but now the next and inevitable phase will slowly develop as Ponzi schemes […]
Over the next couple of days I’m going to attempt to tell a long story, about 25 years worth of banking history and how John Key is connected to the most vile products devised by the Financial elite. I have decided to cut it in segments to make the build up and the end result […]
