Greece according to CNN Money owes 323 billion euros ($366 billion), over 175% of the country’s GDP. That is roughly $ 33,273 per Greek citizen. John Key yesterday announced we may be called in to help the Greek people cope with this debt. It pays to know who will end up with this money. Hint? […]
No, this is not a joke: this is, sadly, the big picture of the “global economic and profitability recovery.” From Zero hedge
John Key promised us before the elections there would be no involvement of New Zealand in any wars. We knew that would not be true of course because we had all heard this little clip: We have known for a very long time that John Key loves war. Just so long as it isn’t his […]
So to get back to Auckland and Christchurch and the hysterical house price rises ( I just checked but a solid stone 4 bedroom house with a nice garden in a quite burb in Holland ( a country so densely populated you could just about walk over heads to get from one city to the next) so close to all the amenities you could possibly need you could walk there still only costs about a quarter of what a wooden run down shack in Auckland costs and there are a million people in a waiting list for a home and they have to wait at least 20-30 years to get a small flat for themselves.
I know it’s happy Auckland day and all that but for the rest of the world it’s business as usual. So here are a few headlines you might want to check up on: China stops bank transfers. HSBC (of Rockstar economy infamy) Was forced to end the limitations on cash withdrawals after it tired to […]
A full length Documentary (the official version which we are allowed to link to and share) about how Financial institutions brought the global economy to a standstill and are continuing to this day to pay themselves big bonuses as a reward for being the biggest parasites this globe has ever seen.
Bartenders in Washington are telling us that while the US dollar is collapsing the Senators and MP’s are partying from as early as 9 am. Here are some quotes: I’m not over exaggerating when I say I can smell the booze wafting from members as they walk off the floor. — Ginger Gibson (@GingerGibson) September […]
From Michael Snyder: There is a reason why every fiat currency in the history of the world has eventually failed. At some point, those issuing fiat currencies always find themselves giving in to the temptation to wildly print more money. Sometimes, the motivation for doing this is good. When an economy is really struggling, those […]
Wanna know how screwed you are?
Tomtidomtidom…. Here is what keeps john Key awake at night; Most of his money is in Bank of America and guess what, he knows that bank is going to go down!!!! Soon!!!! Have you ever seen a disaster movie that is so bad that it is actually good? Well, that is exactly what Syfy’s new […]
I know, I know, here in New Zealand you have been promised that China will pick up the slack when the US and Europe go but if you search my blog for China you will find that over the years I have been trying to point out that this is mathematically impossible. Currently we are, […]
It should come as no surprise to wake up to another bail out for Greece. Not to do so would spell the end of the entire global financial system after all and the Greek government knows this. Neither should the continuing and worsening crisis in Portugal raise any eyebrows and rest assured in a couple […]
Paul Graig Roberts, Editor of the Wall street journal, once upon a time privatization guru and the father of Reagonomics, explains why we are going down the drain and onto WWIII
From Economic collapse blog Somebody out there is sure getting prepared for something really big. We have just witnessed a takedown of gold and silver unlike anything that we have witnessed in decades. On Monday, the price of gold had fallen by more than 10 percent at one point. It shocked investors all over the […]
In order not to have to start just yet on what can only be called the mother of all dishes after feeding about 25-30 people throughout the Sunday on what was a beautiful day with beautiful people celebrating our good fortune in life, I thought I’d put down a couple of thoughts about why we […]
Just in case you still believe the optimistic crap coming from the US about the Economic “recovery”. The jobs recovery is a complete and total myth. The percentage of the working age population in the United States that had a job in March 2013 was exactly the same as it was all the way back […]
(Update: as is common when you link to “copyrighted” content it is impossible to embed it in your blog. If you want to see the 60 minute segment scroll down to the bottom and click on the word segment) Update II: It seems that the globe is catching on to the idiocy of building 12-24 […]
You know the shit is about to hit the fan when Wall-mart complains about sales! Two weeks ago, Wal-Mart stunned the world when a leaked memo discloses that February sales had been a “total disaster” and the company was facing the worst February start since 2006. Today, Bloomberg’s deep throat in Bentonville strikes again, as […]
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!
Here is are Max and Stacey on how the banks are preparing for the total collapse of the bond market and why you might ask are Wall street insiders selling 9 times more shares then they are buying and betting mind bogling sums against the a financial collapse in the next 60 days? Could it […]
This is worth breaking my blog silence for (Sometimes the real world is just so glorious I can’t get my act together online). Venezuela just nuked the global finance world with a devaluation of it’s currency with46% . Even with Hugo Chavez in cancerous limbo it seems Venezuela can’t stop being naughty. The bad news […]
Release Date: January 23, 2013 Issued By: Waterfund LLC NEW YORK, NY – January 23, 2013 – Waterfund LLC announced today that it has signed an agreement with IBM (NYSE: IBM) to develop a Water Cost Index (WCI). Scientists from IBM Research will apply Big Data expertise, acting as a calculation agent, to analyze large […]
Britain’s recent economic performance is the worst since records began in the pre-Victorian era, experts said today, apart from the two immediate post-war slumps. Ministers today admitted Britain is facing “very, very grave difficulties” after figures showed the economy did not grow at all in 2012. Both George Osborne, the Chancellor, and Danny Alexander, the […]
Here we are bailing out the big banks and yes, John Key gave billions to the IMF to do just that and Jami Dimon whose bank JPP Morgan has been a recipient of bailout money while they were scamming the system with Derivatives and he has the gall to tell us that we don’t know […]
Just in case anybody can tell me; does New Zealand have it’s own gold in some vault somewhere and if so where? Yesterday the Bundesbank announced it would repatriate all of it’s considerable gold stock back from France and some of it’s gold from New York. As far as I am concerned this is huge […]
Wall street is becoming the biggest slumlord in human history. Ten major financial firms agreed on Monday to pay $3.3 billion in cash to settle allegations of mortgage fraud by the Office of the Comptroller of the Currency (OCC) in the latest in a string of sweetheart settlements between the major Wall Street banks and […]
Just in case you are still laboring under the impression that the US is recovering. By Paul Craig Roberts In November the largest chunk of new jobs came from retail and wholesale trade. Businesses gearing up for Christmas sales added 65,700 jobs or 45% of November’s 146,000 jobs gain. With December sales a disappointment, these […]
I have added the Economic Collapse blog to my RSS feeds so you can keep informed about the real state the US is in as reported from the ground. Large U.S. cities that the rest of the world used to look at in envy are now being transformed into gang-infested hellholes with skyrocketing crime rates. […]
Here is a link to a not for profit documentary you might want to watch with your family and friends and if you feel really courageous with colleagues at work. Maybe after unpacking all those presents you didn’t really need and the food you stuffed yourself with knowing it would cost you another couple of […]
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 […]