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Tag Archives: EU

Want to get cash out of your bank account? You have to pay a tax first in Greece

At this point if you still have a pile of euros in a Greek bank you almost deserve to be taxed in such a terrible way. Of course most of the accounts in play here aren’t stuffed to the gills with money but are everyday accounts used for paying rent and buying groceries.

But not to worry, rich folks may soon see capital controls on transfers of over a million euros. And if you have a million euros in a Greek bank at this point, after all that has happened, I don’t have all that much sympathy.

Both the withdrawal tax and the capital controls still have to be approved by authorities. One can only assume that queues are wrapping around the Athens Wells Fargo as I write this.

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Negative interest rates put world on course for biggest mass default in history

Call it the new abnormal.

Since 2008 the world has been turned upside down. In our collective panic we have disrupted whatever used to pass for economic homeostasis. Now the globe is moving (moved) toward a negative interest rate environment for government bonds.

Please, take my money. I’ll pay you to take my money! Why am I paying a government to hold my money? Well, because the economy is so healthy of course.

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The massive corruption in Eastern Europe which facilitates terrorism, war, and heroin in the rest of the world

This comes from a good friend of ACC . I encourage everyone to take a look at the attached report as it gives a very interesting perspective on what is really going on in that vital part of global real estate where Europe, The Middle East, and Asia converge. 

Natasha is the a Co-Founder of The Adriatic Institute. Her Twitter handle is @NatashaSrdoc.

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Nigel Farage cautions against an EU army from the floor of the EU Parliament (Video)

“And who could forget Eurocorps here in Strasbourg last year, virtually goosestepping that ghastly flag around the courtyard outside.”

Farage believes that the current rising tensions with Russia are being used by some in Europe as an excuse to expand EU military powers. Powers some in the EU have long coveted.

But an armed European Union with all of the Continent under 1 flag is a worrying development as far as Mr. Farage is concerned. And one he feels should be of concern to his countrymen and to the broader world.

The “goosestepping” jibe while the EU Parliament was meeting in Germany was calculated.

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Big Banks fear Swiss citizens will vote to reback their money with gold

The big banks and governments don’t want the Swiss people to reback their money 20% with gold. What does that tell you?

Gold is real money. Paper is not. Gold doesn’t rise and fall in price (generally). Paper becomes more or less valuable relative to gold. This concept is lost on the general public. It is not lost on the bankers and the folks in government.

The establishment fears gold money. It reins in their power. Thus the reason they fight gold so ardently and why they are fighting it online and in newspapers today.

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