Tag Archives: debt

Lucas – Prosperity Programs – 16 September 2012

A lot is dropped in my mailbox and some is instantly denied again or proven to be disinfo. I see a lot of people talking about debt-forgiveness what is not the same or equals NESARA or the Prosperity programs. I know a lot is confusion and is getting  people’s hope up but read a bit about NESARA. Continue reading

Bill Sharon – The Debts Will Not Be Paid – 8 January 2012

(comment Lucas: although this article is from 2nd Jan. 2012 and posted already on other websites I found it something worth not to withhold all!)
The debts will not be paid.  Not the sovereign debts, the corporate debts, the municipal debts or the personal debts. Continue reading

Fears Of A Eurozone Split As Greece Plumbs New Depths In Debt Crisis – 28 September 2011

Fears Of A Eurozone Split As Greece Plumbs New Depths In Debt Crisis, Huffington Post UK, by Michael Rundle, 28th sept. 2011

Concerns are growing of split in the eurozone over the terms of Greece’s second 190 billion euro (£166 billion) bailout, as the president of the European Commission warned that the EU faces its “greatest challenge” over the spiralling debt crisis.

Up to seven of the eurozone’s 17 members are reported to be unhappy with the current bailout deal for Greece, and are arguing in private for creditors to accept a bigger write down on their Greek bond holdings.

The split has emerged due to concerns that the situation regarding Greece’s sovereign debt is even more dire than previously thought.

German and Dutch officials are said to be leading the push for the private sector to take on more of the losses. France and the European Central Bank are said to be opposing the move.

Jose Manuel Barroso, the head of the European Commission, told MEPs on Wednesday that the EU now faces its “greatest challenge”, but remains confident that Greece will stay in the eurozone.

“This is not a sprint but a marathon,” he said in his annual State of the Union address in Strasboug.

He also proposed a tax on financial transactions and eurobonds while urging members to consider an even closer economic union.

Chancellor George Osborne has previously said he opposes the tax, arguing that it would simply cause foreign exchange markets to move overseas.

Meanwhile there have been renewed protests in Athens after politicians agreed to impose an unpopular new property tax via electricity bills.

Up to 1,000 demonstrators protested on Syntagma Square as police fired tear gas to break up the crowds.

The tax, which would levy 16 euros per square metre of property, will affect around 70 per cent of the Greek population who own their own homes. By attaching the tax to the electricity bill, those who refuse to pay run the risk of having their electricity service turned off.

The move is designed to plug the near 2 billion euro budget gap between revenue and debt.

IMF calls on Europe to get “act together” on debt, reuters.com

By Lesley Wroughton / reuters.com

(Reuters) – Europe needs to “get its act together” and deal with its worsening sovereign debt crisis, the International Monetary Fund said on Tuesday, warning of the risk of severe repercussions for global growth.

The IMF said both Europe’s debt woes and a painfully slow U.S. recovery could undermine global expansion, and it warned that without action those economies could tip back into recession.

The top economist at the global lender, however, singled out Europe as “a major source of worry” as he released the IMF’s latest World Economic Outlook report.

“There is a wide perception that policymakers are one step behindmarkets,” IMF chief economist Olivier Blanchard told reporters. “Europe must get its act together,” he added.

Investors have questioned Europe’s ability to come up with a convincing solution to its festering sovereign debt crisis, which has rattled confidence and roiled financial markets.

The Fund cut its 2011 and 2012 global growth forecast to 4 percent, shaving projections for almost every region of the world and saying risks remained tilted to the downside. Just three months ago it had projected an expansion of 4.3 percent for 2011 and 4.5 percent for 2012.

Finance officials from around the world, who gather in Washington later this week for semiannual meetings of the IMF and World Bank, appear to have no clear road map for how to deal with high debt levels and a fragile global recovery.

The IMF’s message to European leaders was that they should do whatever it takes to preserve confidence in national policies and the euro, and it urged the European Central Bank to lower interest rates if risks to growth persisted.

Standard & Poor’s on Monday downgraded its ratings on Italy by one notch and kept its outlook on negative in mounting pressure to cut its debt. Greece on Tuesday pledged to shrink the country’s public sector to win more loans from international lenders like the IMF.

Greece, which stands at the center of Europe’s crisis, is facing increasing pressure from the European Union and IMF to deliver on pledges to slash its deficit.

Senior IMF economist Jorg Decressin told reporters Greece’s debt problems were “eminently manageable” and its government was fully committed to staying in the euro zone.

More broadly, he said it was a “crazy proposition” to even talk about a possible break up of the 17-nation currency bloc because European leaders were fully committed to making the euro area work.

Carlo Cotarrelli, the director of the IMF’s Fiscal Affairs Department, said there was a political will in Europe to support crisis-hit countries, but that policymakers had failed to properly communicate their strategy.

He said the “cacophony of voices” from different euro zone states had confused markets with mixed messages.

WEAK AND BUMPY RECOVERY

The IMF warned that uncertain politics in the United States could threaten recovery there if needed actions to bolster growth in the near-term were not taken.

It said a failure by Europe and the United States to act forcefully would undermine financial markets, which would lead to a sharp decline in world trade and capital flows and drag down growth in emerging and developing economies.

The fund cut its growth forecast for the euro zone by nearly half a percentage point to 1.6 percent in 2011 and said growth would likely register just 1.1 percent next year.

It cautioned that hasty budget cuts in the United States could further weaken growth, and said the U.S. Federal Reserve should stand ready to ease monetary policy further. The Fed meets on Tuesday and Wednesday and is widely expected to take fresh actions to bolster the U.S. recovery.

The IMF shaved its forecasts for U.S. growth to 1.5 percent for 2011 and 1.8 percent for 2012, down from June projection of 2.5 percent and 2.7 percent, respectively.

Japan’s economy was forecast to shrink 0.5 percent this year, not quite as severely as previously thought, but to grow just 2.3 percent in 2012. In June, the IMF said Japan would likely grow 2.9 percent next year.

The IMF also said prospects for emerging market economies were growing more uncertain, although growth would likely remain fairly strong at about 6.4 percent this year, slowing to 6.1 percent in 2012.

Signs of overheating still warranted close attention in emerging market economies, it cautioned. In some countries, higher commodity prices and social and political unrest loomed large, it added.

The fund trimmed its forecasts for China and other emerging Asian economies, in part due to slowing global growth.

It said it expects China’s economy to grow 9.5 percent in 2011 and 9.0 percent in 2012. That’s down from its June forecasts of 9.6 percent this year and 9.5 percent in 2012.

(Editing by Neil Stempleman and Andrew Hay)

reuters.com edition USA

China Willing To Buy From Sovereign Debt Crisis Nations Zhang Says

China Willing To Buy Bonds From Sovereign Debt Crisis Nations Zhang Says via Bloomberg.com 15th september 2011

 

My comment: In my article yesterday I already said that what ever interventions now are being made none will help eventually. There will be an other iceberg in front of the Titanic so the ship will sink and the financial system will collapse. It  is needed to do so and make way for the new money and financial system that is out of private hands and in public hands. The new system will be in place soon and makes it possible that all debt will be deleted and abundance is being given to all people of this world.

 

China in talks over buying Italian debt | Business | guardian.co.uk

China in talks over buying Italian debt | Business | guardian.co.uk. via 2012IndyInfo.wordpress.com by Laura Tyco

Iceland Bullied Over Bank Debt

Iceland Bullied Over Bank Debt via Infowars.com first published 6th september 2011

 

My Comment: Bullied the wrong one. Iceland has shown grateness in being the small David against Goliath who stood for no more paying for something the people of Iceland haven’t been causing.

 

Irelands boost the economy by mortgage debt forgiveness

Ireland to mull mortgage forgiveness – minister  courtesy Reuters/ Written by Conor Humphries

 

A North Atlantic economic crisis – Counting the Cost – Al Jazeera English

 

 

A North Atlantic economic crisis – Counting the Cost – Al Jazeera English.

courtesy Aljazeera English Channel.

Ben Fulford: Downgrading Debt Like Japanese Emperor Admitting WWII Not Going Well | The 2012 Scenario

 

 

Ben Fulford: Downgrading Debt Like Japanese Emperor Admitting WWII Not Going Well | The 2012 Scenario. reblog via 2012IndyInfo.wordpress.com source Steve Beckow- SteveBeckow.com