Facts not Fakes

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Even the EU has stopped putting lipstick on the pig that is Greek debt


Ursprünglich veröffentlicht auf Fortune:

Europe has got by for the last five years by pretending that Greece is solvent and will pay all its debts back if it’s just given time. That pretense is looking harder than ever to keep up Tuesday after the European Union published new economic forecasts that revised the troubled country’s debt trajectory sharply higher.

The European Commission said in its latest semi-annual forecasts that it now expects Greece’s ratio of debt-to-gross domestic product to top 180% this year, as the country’s slide back into recession hits growth and tax revenues.

That threatens to unravel even the existing arrangement that is getting by on life support while the Eurozone and Athens haggle over a package of substitute reforms. It makes the prospect of a new, third bailout, which most observers see as necessary, impossible.

The current bailout deal depends on the support of the International Monetary Fund. But the IMF…

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The “War on Cash” Migrates to Switzerland ! Banks Increasingly Refuse Cash Withdrawals – Switzerland Joins the Fun!


Ursprünglich veröffentlicht auf Socio-Economics History Blog:

Who owns the world reserve currency, the dollar, the global monetary hegemony? Look at the Satanic capstone on your dollar bill. The Luciferian New World Order will be complete with the arrival of the Satanic capstone: the Anti-Christ, fake messiah, bringer of false peace, the white horseman of Revelation 6! Who owns the world reserve currency, the dollar, the global monetary hegemony? Look at the Satanic capstone on your dollar bill. The Luciferian New World Order will be complete with the arrival of the Satanic capstone: the Anti-Christ, fake messiah, bringer of false peace, the white horseman of Revelation 6!

  • The “War on Cash” Migrates to Switzerland!
    by Pater Tenebrarum, http://www.acting-man.com/  
    Banks Increasingly Refuse Cash Withdrawals – Switzerland Joins the Fun.

    The war on cash is proliferating globally. It appears that the private members of the world’s banking cartels are increasingly joining the fun, even if it means trampling on the rights of their customers.


    Yesterday we came across an article at Zerohedge, in which Dr. Salerno of the Mises Institute notes that JP Morgan Chase has apparently joined the “war on cash”, by “restricting the use of cash in selected markets, restricting borrowers…

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Saving the Economy!? First Islamic Bank opens in Germany*


Ursprünglich veröffentlicht auf Hwaairfan's Blog:

Saving the Economy!? First Islamic Bank opens in Germany*

Germany is to get its first fully operational Islamic bank on July 1. Opened by the Turkish finance group Kuveyt Turk it will provide Sharia compliant banking services.

“This new achievement will open vast areas of business and investment in Europe’s largest economies, as this is the first bank to obtain a full function license to take deposits and offer credit finance facilities in Germany as per Islamic rules and regulations,” Kuwait Finance House said in a statement on Thursday.

The wholly-owned subsidiary of the Turkish lender will be called KT Bank AG with its headquarters based in Frankfurt and branches in Cologne and Berlin. It will serve Germany’s 4 million Muslims but also plans to expand its services throughout Europe.

“Our market research has shown, that 21% of Muslims in this country would see an Islamic bank as their…

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