The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label austerity. Show all posts
Showing posts with label austerity. Show all posts

Thursday, November 12, 2015

EU unofficially becomes a political union after threatening to cut off funds to Portugal

Earlier this year, the European Union’s economic arm fought tooth and nail with Greece over their massive amounts of sovereign debt that hung in the balance between default, and restructure.  In the end, the Troika won out over the Syriza government, and money began to flow back in only after austerity measures were increased against the Greek people.
And a little less than six months later, the EU is once again attempting to use their power on a sovereign country to force not only monetary policies on the people of Portugal, but perhaps now a political one as well as on Nov. 10, the European Central Bank threatened to turn off the Euro spigot to the Southern European country for their temerity in voting out an EU friendly government and replacing it with a Marxist one.

Read more on this article here...

Wednesday, October 14, 2015

Following Greek elections, government imposes new capital controls on public workers and retirees

Less than three weeks ago, the people of Greece willingly voted to keep the Syriza party in power, despite the fact they had to know that this would mean further austerity measures already crushing the economy after five years of such measures.  But for those who chose to take one taskmaster (austerity) in exchange for another (default), the consequences of this choice is now beginning to emerge.
Civil servants, or those working for the government, along with retirees receiving pensions will now experience a program of capital controls which will limit their ability to withdrawal large amounts of cash from banks or ATMS.  In fact, this new policy will only affect public workers and retirees as regular citizens will be able to withdrawal greater amounts than what is being proscribed to civil servants.

Read more on this article here...

Saturday, August 22, 2015

Greece to have 1000 Bitcoin ATM’s installed as corrupt banking forces alternatives

With the final vote made last night to accept the parameters of the Greek bailout deal, the people of Greece are expected to have to endure another decade of high unemployment, capital controls, low GDP, and of course austerity.  But as with most societies that finally recognize that their governments and financial systems no longer work for their benefit, the rise of black markets and alternative means of commerce rise as an example of necessity being the mother of invention.
And besides the ongoing TEM currency that has been functioning in the Greek economy for close to a decade now, those in the Bitcoin community have partnered up with a service provider of the crypto currency, and are expected to install 1000 Bitcoin ATM’s all across the beleaguered European nation.

Read more on this article here...

Wednesday, July 15, 2015

German coup over Greece sees new rise of the 4th Reich in Europe

Politicians are not leaders… nor are they statesmen who are willing to make the hard decisions despite the potential loss to one’s career or reputation.  And just days after the only Greek minister with the fortitude to stand up to the Troika resigned from office, it appears that not only is Greece ceding to another generation of austerity, but in doing so is giving up their sovereignty and possessions for a few billion euros from the real masters of the continent.
Germany.
At the beginning of the 20th century, and then again near its midpoint, the German empire rose and fell twice only to hide in wait as the Cold War placed its dream of continental domination on the shelf.  But in the 1990’s when the Soviet Union and Berlin walls fell, Germany began a new empiric rise that would come not from soldiers, artillery, and tanks, but from economic means and power over European banks.
And on July 13, the emergence and rise of the 4th Reich took place as Greece not only capitulated to Germany in an utterly humiliating defeat, but voluntarily gave up their sovereignty, their future, and their legacy simply for new debt that like their current obligations, can never be repaid.
 
Read more on this article here...

Tuesday, February 25, 2014

EU tried to capitalize on Ukraine tragedy by offering money and austerity

Let’s be honest here.  Whenever a central bank or Western government offers assistance to another nation the end goal is not Democracy or actual aid to the people, but a means to weasel in and wrest benefits that suit the so-called benevolent country.  When the U.S. provided aid, arms, and support to the rebels in Libya, little did these people know the ultimate goal was confiscation of the more than 140 tons of gold Qadaffi held in London banks for storage.  Additionally, when the U.S. falsified ‘weapons of mass destruction’ intel during the invasion of Iraq, the real purpose was not only the confiscation of their central bank gold, but to annihilate Sadam Hussein’s regime because they rebelled against the use of the petro-dollar and were a national security threat to the reserve currency.



Read more on this article here....

Tuesday, June 19, 2012

Latvia proves that austerity works

In a satirical animation of how austerity is the harbinger of economic growth, the nation of Latvia provides the platform for what can only validate the axiom, when at the bottom, everything is up.



Courtesy of Mark Fiore's Animation

Tuesday, June 5, 2012

Elite feel that workers should pay into retirement but not collect it

There was an interesting interview on Bloomberg with AIG's CEO Robert Benmosche over the weekend, where the elitist banker opined that workers should now expect to not retire until they reach the age of 80.



This of course means that the average person in the US, and around the Eurozone, will be working until they simply drop dead, as the average lifespans for both continents are 78 and 81 respectively.

However, in the growing socialist states, this does not mean that workers will be able to refrain from paying into state run retirement programs such as social security or pensions, it just means that the elite expect the majority of workers to never regain that money, thus helping prop up insolvent nation states through the use of backdoor austerity.

http://bloom.bg/NxACdK

And the 1%ers wonder why the 99% hold such disdain for them in nearly every capacity. (Note, Benmosche gave this interview from his wealthy seaside villa)

Tuesday, May 8, 2012

Europe isn't spending less, they are just spending less on their own people

European austerity is a relative term for the nations and people of the European Union.  On one hand, it represents a pullback from massive borrowing, spending, and public benefit programs, but it can also mean simply a pullback on where the money goes without cutting spending at all.

It appears now that austerity in Europe really is no more spending on the people, and instead giving money to banks, governments, and corporations, at the expense of the very populations who are barely surviving in desperation mode.


When you were a child and did something wrong, the worse possible words your mom could say were "wait til your father comes home!" and that dreaded anticipatory angst is what Europeans must be feeling now as the threat of austerity hangs like the sword of Damocles over their heads. The reason we say this is that in fact, as Veronique de Rugy of National Review Online notes, the 'savage' spending cuts in Europe have yet to show up anywhere. All the rhetoric of how Europe's austerity has failed, all the hand-wringing and election-winning, and yet all the major nations are spending more than pre-recession levels; France and the UK did not cut spending at all, and even in Greece and Spain cuts have been small (and any meaningful reforms failed to be implemented). In fact, the epicenter of the current meltdown - Spanish banking - has seen only de-minimus headcount reduction over the past few years - so who is tightening their belts? The trouble, of course, is that while the threat of austerity has struck fear in the hearts of every European voter, the action of raising taxes has hurt just as much and perhaps the "trumpeting the failure of austerity as a reason to go full-Keynesian again" chatter will recede as facts overtake fallacies. As Mark Grant recently noted, there's a big divide between austerity pledged and austerity implemented, as it appears its more about raising taxes than cutting spending. - Zerohedge



As you can see, nations like Spain, Greece, and Italy have not curtailed their spending at all, just moved where the money was going to.  In this case, it away from public benefit programs and more towards the banks, corporations, and crony capitalists who helped create the problem in the first place.

Greek production and tourism closing the doors on economic recovery

Even after the EU bailout of Greece, and the subsequent austerity imposed on its citizens, not a single indicator shows that the Mediteranean nation is emerging from any sort of depression.  In fact, both economic production and tourism, the two mainstays of Greek economy, are spiraling down to historic levels.



Athens has the highest rate of empty office space in Europe, according to data for the year’s first quarter presented by BNP Paribas Real Estate.
Its report on the course of the European office market showed that the availability rate in the Greek capital soared to 20 percent in the January-March period from 15.5 percent in the same period last year.


This clearly illustrates the blow that the recession has inflicted on the country’s business activity, resulting in a major drop in demand for the lease of office space.
Additionally:
Online tourism bookings from abroad are pointing to a 12.5 percent decline for this year, according to the Airfasttickets travel agency.
Nikos Koklonis, head of the company that owns the agency, says that the biggest drop in bookings for Greek destinations this year is from the German market, which last year accounted for 15 percent of all bookings. Its share has now shrunk to just 3 percent.
Surprisingly, most bookings from abroad this year originate from Italy, followed by Britain, Spain, France and Austria. One in four clients the agency handles chooses Greece as its destination.
Association of Hellenic Tourism Enterprises president (SETE) Andreas Andreadis expects receipts from tourism to drop below 10 billion euros this year, after climbing to 10.5 billion in 2011. - Ekathimerini
Forced austerity is a death sentence to any nation, both fundamentally and economically.  Few politicians have the stomach to implement slow changes, since the people, once they get socialistic promises of pensions, welfare, and healthcare, will fight governments to the end until there is little left and the entire ball drops.

This is why Greece is simply a microcosm of what will occur to most of Europe in the future.  As former Prime Minister Margaret Thatcher once said:  "The trouble with Socialism is that eventually you run out of other people's money."

Wednesday, December 7, 2011

For the children: Spain's austerity measure lead to toilet paper limits in schools

Nations rarely make the right choices when it comes to budget cutting, and it appears that in Spain, this is no exception.  Spanish debt and massive unemployment in their recession is leading the country to impose stringent austerity measure, to include obscure cuts for children in schools.

Such as... cutting back on toilet paper.

The latest edict issued by the region’s ministry of education instructs state schools to cut “excessive consumption” of toilet roll among pupils and limit the quota to a maximum of 25 metres per child per month.
This most recent penny saving measure comes amid widespread cuts to education budgets across Spain that has led to regular protests in the streets by teachers. - UK Telegraph

It is sad, but historically accurate that children seem to always feel the brunt of tough economic time, especially when the excrement hits the fan.
And there is nothing left to wipe it off.