Keyword: collapse
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Genesis Camona was a 22-year-old college student who participated in the protests. She was also a beauty queen, having won the title of Miss Tourism in her home state of Carabobo. According to her uncle, she and her mother were peaceful protestors wanting an end to the 15 years of socialism that have plagued the nation. He stated: ‘There’s no food, no milk, no baby food … It is horrible what is happening in this country,’ Gil said. ‘That’s why she was out at the protest.’ During the demonstrations, she was gunned down by members of armed militias known as...
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In order for our current level of debt-fueled prosperity to continue, the rest of the world must continue to use our dollars to trade with one another and must continue to buy our debt at ridiculously low interest rates. Of course the number one foreign nation that we depend on to participate in our system is China. China accounts for more global trade than anyone else on the planet (including the United States), and most of that trade is conducted in U.S. dollars. This keeps demand for our dollars very high, and it ensures that we can import massive quantities...
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There are eerie parallels between the stock market's recent behavior and how it behaved right before the 1929 crash. That at least is the conclusion reached by a frightening chart that has been making the rounds on Wall Street. The chart superimposes the market's recent performance on top of a plot of its gyrations in 1928 and 1929. The picture isn't pretty. And it's not as easy as you might think to wriggle out from underneath the bearish significance of this chart.
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20 Signs That The Global Economic Crisis Is Starting To Catch Fire Submitted by Tyler Durden on 02/14/2014 23:20 -0500 Australia Central Banks China default Evans-Pritchard Fail Federal Reserve Fitch fixed France Global Economy Greece Housing Prices India Italy Japan Nikkei None Quantitative Easing ratings Too Big To Fail Turkey Ukraine Unemployment inShare 12 Submitted by Michael Snyder of The Economic Collapse blog, If you have been waiting for the "global economic crisis" to begin, just open up your eyes and look around. I know that most Americans tend to ignore what happens in the rest of the world because...
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If you have been waiting for the "global economic crisis" to begin, just open up your eyes and look around. I know that most Americans tend to ignore what happens in the rest of the world because they consider it to be "irrelevant" to their daily lives, but the truth is that the massive economic problems that are currently sweeping across Europe, Asia and South America are going to be affecting all of us here in the U.S. very soon. Sadly, most of the big news organizations in this country seem to be more concerned about the fate of Justin...
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Venezuela And Argentina: The Party Is Over Latin America’s weakest economies are reaching breaking-pointThe Economist Feb 1st 2014 WHEN the euro crisis was at its height it became commonplace for struggling European economies to insist that they were not outliers like Greece. Whatever their woes, they declared, Greece’s were in a class of their own. In Latin America, by contrast, the unwanted title of outlier has two contenders: Argentina and Venezuela. Both have been living high on the hog for years, blithely dishing out the proceeds of an unrepeatable commodities boom (oil in Venezuela; soya in Argentina). Both have been...
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Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt. Listeners have told Radio 4's Money Box they were stopped from withdrawing amounts ranging from £5,000 to £10,000. HSBC admitted it has not informed customers of the change in policy, which was implemented in November. The bank says it has now changed its guidance to staff. New rules Stephen Cotton went to his local HSBC branch this month to withdraw £7,000 from his instant access savings account to pay back a loan from...
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Event Phases: Phase 1 – Pre-Event Phase 2 – The Event Occurs. Phase 3 – Reaction of the General Public to the Event. Phase 4 – Government Reaction to the General Public’s Reaction to the Event. Phase 5 – Individual Reaction to the Governments Reaction to the Event: Phase 6 – Stabilization of Situation Post Event. Phase 7 – Long Term Adjustment of Population and Governments to Situations Resulting from the Event.
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Have you been paying attention to what has been happening in Argentina, Venezuela, Brazil, Ukraine, Turkey and China? If you are like most Americans, you have not been. Most Americans don’t seem to really care too much about what is happening in the rest of the world, but they should. In major cities all over the globe right now, there is looting, violence, shortages of basic supplies, and runs on the banks. We are not at a “global crisis” stage yet, but things are getting worse with each passing day. For a while, I have felt that 2014 would turn...
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Did you know that financial institutions all over the world are warning that we could see a “mega default” on a very prominent high-yield investment product in China on January 31st? We are being told that this could lead to a cascading collapse of the shadow banking system in China which could potentially result in “sky-high interest rates” and “a precipitous plunge in credit“. In other words, it could be a “Lehman Brothers moment” for Asia. And since the global financial system is more interconnected today than ever before, that would be very bad news for the United States as...
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Travel Restrictions. Confiscation of wealth. Food Shortages. Squatters Rebellions. Riots. Martial Law.
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Like Enron, Greece, and Donald Trump before us, America is about to go bankrupt. Unfortunately, our bankruptcy will probably be more Enron and less Donald Trump because we're very unlikely to come back bigger and better in the lifetime of anyone reading this column. Instead, most Americans are probably going to experience skyrocketing taxes, spiraling inflation, widespread disorder, and a dramatically reduced standard of living. This isn’t a crisis that our great-grandchildren will have to figure out one day. To the contrary, it's entirely possible it will occur within the next decade and unless we make big changes no one...
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European UnionIf you are anxiously awaiting the arrival of the "economic collapse", just open up your eyes and look at what is happening in Europe. The entire continent is a giant economic mess right now. Unemployment and poverty levels are setting record highs, car sales are setting record lows, and there is an ocean of bad loans and red ink everywhere you look. Over the past several years, most of the attention has been on the economic struggles of Greece, Spain and Portugal and without a doubt things continue to get even worse in those nations. But in 2014 and...
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Archbishop Schevchuk: As a teenager, at that time I was not aware of the dangers because it was completely a secret and every teenager had his own secret. Neither my mother nor my father were aware of this and this was my personal secret. It was after a year that I understood the dangers that could have resulted had I been discovered by the secret police. My parents: my mother was a music teacher and my father was an engineer. Had I been discovered my parents would have lost their jobs. Many people in Ukraine, in the past, who were...
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Late last week it was learned that some 40 million charge cards were obtained using physical processing systems located in Target retail locations nationwide. Though no details of the how the hack attack was executed have been released by Target, the FBI or other agencies investigating the breach, it is likely that the processing machines themselves were compromised. Target claims that the hack was sophisticated, but on the technical side, once hackers found a way into the credit card processing machines, probably via remote entry from servers somewhere in Eastern Europe or Russia, the theft of credit card data itself...
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The Democratic Party gained prominence in the first half of the nineteenth century as being the party that opposed the Second Bank of the United States. In the process, it tapped into an anti-state sentiment that proved so strong that we wouldn't see another like it until the next century. Its adversaries were Whig politicians who defended the bank and its ability to grow the government and their own personal fortunes at the same time. They were, in fact, quite open about these arrangements. It was considered standard-operating procedure for Whig representatives to receive monetary compensation for their support of...
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In just the last twelve months Congressional members and top level administrators at the Department of Homeland Security have warned of threats to the national power grid so serious that should they occur life in America as we have come to know it would change almost instantly. Former DHS head Janet Napolitano, in a letter to her successor, advised that “a massive and serious cyber attack” on the US Homeland is imminent and that a “natural disaster — the likes of which the nation has never seen — is also likely on its way.” This was followed up by a...
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Seven people seriously hurt after part of Shaftesbury Avenue theatre collapsed during The Curious Incident of the Dog in the Night-time .
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Numbers of public sector unions in Wisconsin collapsed in the wake of an historic vote that ended on Thursday. The unions are acutely feeling the impact of Act 10, Governor Scott Walker’s controversy-generating collective bargaining reforms of 2011. The reforms require public sector unions to hold annual recertification votes. In order to be certified as unions by the state, the labor groups must get the approval of over 50% of their members. For several weeks now the Wisconsin Employment Relations Commission has been holding an open and ongoing vote for over 400 unions, mostly made up of public school teachers...
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Broke on Fox News within the last hour. The Apollo theater was showing a family show “The Curious Incident Of The Dog In The Nighttime.” Injuries have been reported.
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