Tag Archives: Germany

  • Daily Digest
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    Daily Digest 4/17 – Cyprus Braces For Russian Exodus, Half NYC Workforce On Food Stamps

    by saxplayer00o1

    Wednesday, April 17, 2013, 6:37 PM

    2
    • Ohio’s $500 Billion Oil Dream Fades as Drillers Misjudge: Energy
    • Cyprus braces for Russian cash exodus
    • Italy May Cut $6.6 Billion in Defense Spending This Year
    • Detroit's encroaching blight as seen through Google and Bing maps
    • Smithsonian to close galleries due to budget cuts
    • Three-fold increase in demand for Gold: Jewellers
    • Bailouts push German debt to new record
    • Italy's temporary layoff scheme runs out of cash, sparks protests
    • Almost half of NYC workforce on food stamps
    • Let them eat vegetables: Egypt's wheat farmers hit hard by diesel price hikes
    • South Korea Proposes $15.3 Billion Stimulus Budget
    • EU warns of budget constraints as Cyprus seeks more aid

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  • Daily Digest
    Image by OiMax, Flickr Creative Commons

    Daily Digest 4/5 – The Tough Politics Of Environment, Japan’s Debt Crisis Visualized

    by DailyDigest

    Friday, April 5, 2013, 3:05 PM

    4
    • Is It Beginning? Biggest JGB Price Collapse In Over 10 Years Triggers TSE Circuit Breakers
    • Canada sheds 54,500 jobs, the worst loss in more than four years
    • Europe to shut 10 refineries as profits tumble
    • Why Go After the Depositors To Save 'the Taxpayers?'
    • Moody’s analysis contemplates 44% drop in Canadian housing prices
    • The First Crack In The Bond Market Is A Fact
    • Japan eyeing billions in LNG investments in Western Canada
    • ABN has no gold left for its clients
    • Japan's Debt Problem Visualized
    • Is Tunisia the New Hot Spot for Energy Investors? Interview with John Nelson
    • Obama Tells Donors of Tough Politics of Environment
    • Breakthrough in hydrogen fuel production could revolutionize alternative energy market
    • Fish deformities linked to oil pollution in U.S. and Alberta

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  • Insider
    The Library of Congress | flickr Creative Commons

    Rise a Pauper

    Wealth confiscation is the next stage of the game
    by Chris Martenson

    Tuesday, April 2, 2013, 12:46 AM

    26

    Because of exceptionally poor decision making on the part of Cyprus leadership both before and during the recent crisis, Cyprus is now consigned to a very dark future of economic depression and failure.

    Whatever the jabbering from the Troika, a precedent has now been set.

    The one genie that cannot be placed back into its bottle is the notion that bank depositor accounts are now fair game.  The larger lesson here is that a wealth tax is now one of the solutions on the table for various government authorities across the EU, US, and other developed nations.

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  • Insider
    © Auris | Dreamstime.com

    Cyprus Bank Heist: A True Game-Changer

    Near-term risks include domino-like bank runs & capital cont
    by Chris Martenson

    Monday, March 18, 2013, 4:29 AM

    56

    This weekend on 3/16/13, under pressure from IMF bankers and a push from German politicians, a Cyprus bailout deal was approved that would take the bulk of the bailout fund from the private bank accounts of Cyprus bank depositors.  Yes, you read that right; savers were determined to be the logical target to bail out the profligate.

    The reaction from depositors, predictably, was intensely negative.  They are furious and shocked.

    This is a complete game-changer.  It means that even money in the bank is not safe.  It implies that money in pension and money market accounts is not safe, either.  It means that rule of laws and contracts really don't matter.  Of course, MF Global taught us that.  It finally means that trust is no longer a part of the equation… 

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  • Daily Digest

    Daily Digest 3/14 – Endless Government Manipulation, The Price Of Green Energy

    by DailyDigest

    Thursday, March 14, 2013, 2:43 PM

    6
    • The graph Bernanke should look at before ‘exiting’ anything
    • Charlie Rose: Jeremy Grantham
    • Mark Faber: Endless Government Manipulation
    • Inflation Targeting Revisited; Three Major Fed-Sponsored Bubbles; Who Benefits From Inflation?
    • 1,000 companies going bankrupt in Italy every day as country faces full-scale ‘credit emergency’
    • Young inventor’s flash idea to scare off lions
    • Detroit City Council continues to fight governor's EFM plan
    • U.S. to let spy agencies scour Americans' finances
    • It's Going To End Badly
    • Thieves Blight Nigeria's Swamps with Spilt Oil
    • Deepwater rig worker weeps as he admits he overlooked warning of blast that set off America’s worst environmental disaster
    • The Price of Green Energy: Is Germany Killing the Environment to Save It?
    • Japan's Methane Hydrate Gas Extraction Is First In The World
    • Greenland's resources boom still more talk than action
    • Analysis: Antibiotic apocalypse
    • Pentagon weapons-maker finds method for cheap, clean water

     

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  • Daily Digest
    Image by Digitalmoneyworld, Flickr Creative Commons

    Daily Digest 3/13 – U.K. Faces Growing Vulnerability, German Bank Doubles Reserves

    by saxplayer00o1

    Wednesday, March 13, 2013, 1:18 PM

    4
    • Spain unveils $4.6-billion plan to get young back to work
    • Portugal in worst recession in 37 years
    • Duty hike on gold expected to reduce imports: Minister
    • France's Francois Hollande admits to miss deficit target
    • Students Rally Against Proposed Tuition Hike
    • Military tuition assistance another casualty of the sequester
    • Abe’s Weak Yen Policy Erodes Japanese Tourist Spending in Korea
    • Local Lawmakers Lead Fight To Ban Traffic Cameras in Ohio
    • German Central Bank Doubles Reserves
    • U.K. Faces Growing Vulnerability

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  • Daily Digest
    Image by Images_Of_Money, Flickr Creative Commons

    Daily Digest 3/10 – Austerity Still Not Working, What If Women Ruled The World?

    by DailyDigest

    Sunday, March 10, 2013, 2:37 PM

    3
    • Elizabeth Warren: What Level of Criminality Will It Take to Shut Down a Bank, (Mr. President)?
    • Viewpoint: What if women ruled the world?
    • Max Keiser on Bitcoin Currency | Interview with Max Keiser
    • Gold Price “Weakness” Explained By The Ongoing Currency War
    • Austerity: Still Not Working
    • ‘Everyone’s a bit lost’: Carmakers think outside the box as electric dreams shatter
    • Tiny German village a model in country's energy revolution
    • Gardening Link Bomb
    • Invasive species hitchhiking to west coast on tsunami debris

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  • Podcast

    Jim Rogers: We’re Wiping out the Savings Class Globally, to Terrible Consequence

    History shows this does not end well
    by Adam Taggart

    Saturday, March 9, 2013, 4:19 PM

    4

    Jim Rogers decries the growing uncertainty and recklessness of global central planners as the world enters unchartered financial markets:

    For the first time in recorded history, we have nearly every central bank printing money and trying to debase their currency. This has never happened before. How it’s going to work out, I don't know. It just depends on which one goes down the most and first, and they take turns. When one says a currency is going down, the question is against what? because they are all trying to debase themselves. It’s a peculiar time in world history.

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  • Blog
    © Andrea Crisante | Dreamstime.com

    Europe is Drowning Under Too Much Government

    Its banks are being increasingly propped up by the U.S.
    by Alasdair Macleod

    Monday, March 4, 2013, 7:52 PM

    28

    The Christmas and New Year's break, when Europe shuts down and stops thinking, is now well and truly over, and we are reawakening to the same old problems: Greece, Spain, Cyprus, Portugal, Italy, France…all with their hands out for money from Germany, Holland, Finland, and Austria.

    The holiday from the banking crisis, which was the result of the determination of the ECB to put a lid on it, is also over, with yields on the supplicant countries’ debt rising again.

    However, joining the bad news list is the United Kingdom. Ominously, the pound is sliding in the foreign exchange markets, providing a very tricky background for Chancellor Osborne’s budget on March 20th. I shall examine the UK’s position later, but first let’s update ourselves on developments in the Eurozone.

    The reality is that all the problems of the Eurozone are still with us, despite the fall in bond yields and their modest subsequent recovery. There is now the likelihood that we are about to enter the final phase of the end of the Eurozone experiment, with far wider consequences. So we need to pick up the story where we left off.

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