Category Archives: Iceland

Hungary Approaches HuExit: October 2nd 2016 Anti-EU Referendum

Hungary's Orban & Russia's Putin

Hungary’s Orban & Russia’s Putin

On October 2, voters in Hungary will participate in a nationwide referendum to vote whether they agree to the forced settlement of migrants in Hungary by the EU or not. It’s a major issue in Hungary, a land of proud and staunchly independent-minded people who have endured 150 years of Ottoman rule; wars with Habsburg Austria until the Austro-Hungarian Compromise of 1867 created a peaceful coexistence under the dual Monarchy of Austria–Hungary.

After that, Hungarians were subject to the [NWO Rothschild] Soviet Union since 1945, initially under the dreaded Mátyás Rákosi, until it became the first Warsaw Pact communist country to declare a constitutional republic in October, 1989 and open its borders to Austria, setting in motion the domino fall of East Germany and then of the entire Warsaw Pact and, ultimately, the Soviet Union. Like every nation, they have a very special history.

It might well be said that Hungarians, always an ethnic melting-pot population whose parliament enacted the first laws of ethnic and minority rights in the world in 1849, are not a passive people when they sense something is wrong in the way they are being treated.

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Helen Chaitman-Big Bank Customers Destroyed in Next Economic Meltdown: JP Morgan Chase ~ Madoff ~ All Along The Watchtower.

Helen Chaitman

JP Morgan Chase And The U.S. Bank Secrecy Act.

Helen Davis Chaitman was the lead attorney representing the victims of the $65 billion Bernie Madoff scam. Madoff had help from JP Morgan Chase Bank, and what she found out was stunning. Chaitman explains,

JP Morgan Chase was the subject of a criminal complaint . . . it was charged with a criminal violation of the Bank Secrecy Act, which is a felony violation. JP Morgan Chase disgorged a small percentage of the profits it made on the Madoff relationship, and the government called it quits. Nobody was fired. Nobody disgorged bonuses, they just went on doing other crimes.”

The Bank Secrecy Act of 1970 (or BSA, or otherwise known as the Currency and Foreign Transactions Reporting Act) requires financial institutions in the United States to assist U.S. government agencies to detect and prevent money laundering.

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April Sends A Soaring 562,000 Americans Missing From Obama’s Employment Calculations: The Final Silver & Gold Showdown!

poor poverty

In addition to the poor headline Establishment survey print which rose only 160,000 in April, coupled with a deplorable Household survey employment number which plunged by 316,000 for the month and below levels seen in February, an even more concerning development was the resumption in the deteriorating trend in the US labor force participation rate, which in recent months had been on a steady increase as far fewer workers were dropping out of the workforce (contrary to convention wisdom, this was not driven by new entrants into the labor force).

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Revolt Of The Debt Slaves: When The Herd Turns

Debt Slave

If we could just get consumers to borrow more, so that they spend money they don’t have on things they don’t need, in order to boost GDP and corporate profits, all would be fine.

That’s the current meme among [keynesian] economists.

Since 68.5% of US GDP is related to personal consumption expenditures, boosting consumer spending is seen as crucial. Since wages at the lower 75% are crummy and have not been rising enough to keep up with inflation, the only other way to prod consumers into spending more is to bamboozle them into borrowing more and blowing this moolah instantly.

Cutting interest rates to zero was supposed to have helped that noble process (though consumers see those zero-rates inexplicably only on their savings and not on their debts).

So that process of growing GDP by loading up consumers with debt, which worked for decades, has stalled:

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Japan Shares Plunge Day Before China Releases New Gold Backed Yuan Scheduled For Tuesday April 19, 2016.

Japanese Stock Plunge 4182016

Tokyo – Japanese stocks fell 3 per cent Monday for the second straight trading day of fall as investor sentiment was hurt by a stronger yen, falling oil prices and growing concerns about the two major earthquakes that struck the southern island of Kyushu last week.

The benchmark Nikkei 225 Stock Average lost 572.08 points, or 3.4 per cent, to close at 16,275.95 after falling as much as 3.5 per cent.

The broader Topix index was down 41.25 points, or 3.03 per cent, at 1,320.15.

Oil prices fell sharply after top oil producers Sunday delayed anagreement in the Qatari capital Doha to freeze the crude output levels to shore up low prices.

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Fiat Economic Collapse Is Coming!

“You can lead a horse to water, but a pencil must be lead.” ― Stan Laurel. Oliver Hardy is on the floor and Stan is in the middle.

“You can lead a horse to water, but a pencil must be lead.” ― Stan Laurel. Oliver Hardy is on the floor and Stan is in the middle.

By Greg Hunter’s USAWatchdog.com

Financial expert and best-selling author James Rickards says another economic collapse is coming. Rickards contends, “It’s very clear, and you can prove this scientifically.

The next collapse will be bigger than anything in history or maybe since the Bronze Age or the fall of the Roman Empire. Why do I say that? . . . We have these things coming together. The system is larger. That means systemically it is exponentially more risky.

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