Tag Archives: Greek

Oracle Report ~ Tuesday, March 25, 2014

OracleReport  Third Quarter Moon in  Capricorn/Aquarius: revise, realign, responsibility

Today’s energy provides answers, solutions, and knowledge. It’s a wise owl kind of day.

As if often the case, however, the answer, solution, or knowledge may come as a result of some kind of pressure or a feeling like there is no answer, solution, or knowledge. This is ok because the narrowing of focus (or feeling of being “boxed” in) that the pressure or feeling causes is exactly what enables us to see it. So go with it, no matter what it looks like in the moment. More moments are to follow today and tomorrow, as we continue the last two days of our month-long journey seeking illumination.

Some may experience illumination today through recognition of how something done impulsively in the past set off a chain reaction of events. This is particularly true with action that had a lot of zeal or even righteous indignation. In other words, you had an “Eris moment,” where you let something fly. Eris is prone to lobbing and lopping. She throws monkey wrenches. She damns the torpedoes. She calls things out that need to be called out. She doesn’t give a flying fig about the consequence because she knows it will be rectified in divine order. If the result of an Eris moment from your past shows up, rest assured that no matter what something looks like in the realm of the matrix, it is quite another thing in the realm of reality. Take heart and know that this is the way of the spiritual warrior.

Continue reading

Greece Is Not Poor – It Actually Has Massive Uptapped Reserves Of Gold, Oil And Natural Gas

The Economic Collapse blog | October 16 2012

It turns out that the poster child for the European debt crisis is not actually poor at all.  In fact, the truth is that the nation of Greece is sitting on absolutely massive untapped reserves of gold, oil and natural gas.  If the Greeks were to fully exploit the natural resources that are literally right under their feet, they would no longer have any debt problems.  Fortunately, this recent economic crisis has spurred them to action and it is now being projected that Greece will be the number one gold producer in Europe by 2016.  In addition, Greece is now opening up exploration of their massive oil and natural gas deposits.  Reportedly, Greece is sitting on hundreds of millions of barrels of oil and gigantic natural gas deposits that are worth trillions of dollars.  It is truly sad that Greece should be one of the wealthiest nations in all of Europe but instead the country is going through the worst economic depression that it has experienced in modern history.  It is kind of like a homeless man that sleeps on the streets every night without realizing that a relative has left him an inheritance worth millions of dollars.  Greece is not poor at all, and hopefully the people of Greece can learn the truth about all of this wealth and chart a course out of this current mess.

I have written extensively about the nightmarish economic conditions that Greece is experiencing right now.  Just check out this articlethis article and this article.  Since the depression began in Greece, the Greek economy has contracted by more than 20 percent.  In April 2010, the unemployment rate in Greece was only 11.8 percent.  Since then it has skyrocketed to 25.1 percent.

The government debt to GDP ratio in Greece is projected to hit 198 percent this year, and there are persistent rumors that Greece will be forced to leave the euro.

But all of this is completely and totally unnecessary.  Greece is not actually poor at all.  In fact, after you account for untapped natural resources, Greece is actually one of the wealthiest nations in all of Europe.

According to Bloomberg, there is a massive amount of gold in Greece.  This recent economic crisis has accelerated the approval of mining activity, and it is now being projected that Greece will soon be the number one gold producing country in all of Europe…

Gold mining is gathering momentum after Greece began what it called a “fast-track” approvals program. The Canadian and Australian companies said their projects will add about 425,000 ounces by 2016, worth $757 million at the Oct. 5 spot price, to the 16,000 ounces the country produced in 2011.

“There’s clearly evidence that Greece has woken up to the potential of their mining industry,” said Jeremy Wrathall, chairman of Perth-based Glory Resources. “Politicians increasingly realize that a pro-mining stance is appropriate due to job creation potential.”

Greece, which is also fast-tracking state property sales, is set to overtake Finland as the continent’s largest gold producer within four years, as regulators in Athens sign off on mines kept on hold for more than a decade by red tape and environmental rules.

Continue reading

The Largest Economy In The World Is Imploding Right In Front Of Our Eyes

Economic Collapse Blog | October 7 2012

A devastating economic depression is rapidly spreading across the largest economy in the world. Unemployment is skyrocketing, money is being pulled out of the banks at an astounding rate, bad debts are everywhere and economic activity is slowing down month after month. So who am I talking about? Not the United States – the economy that I am talking about has a GDP that is more than two trillion dollars larger. It is not China either – the economy that I am talking about is more than twice the size of China. You have probably guessed it by now – the largest economy in the world is the EU economy.

Things in Europe continue to get even worse. Greece and Spain are already experiencing full-blown economic depressions that continue to deepen, and Italy and France are headed down the exact same path that Greece and Spain have gone. Headlines about violent protests and economic despair dominate European newspapers day after day after day. European leaders hold summit meeting after summit meeting, but all of the “solutions” that get announced never seem to fix anything. In fact, the largest economy on the planet continues to implode right in front of our eyes, and the economic shockwave from this implosion is going to be felt to the four corners of the earth.

On Friday, newspapers all over Europe declared that Greece is about to run out of money (again).

The Greek government says that without more aid they will completely run out of cash by the end of November.

Continue reading

Paul Craig Roberts ~ The Revolution From Above

Paul Craig Roberts | September 13 2012

Today the Western peoples are experiencing the destruction of their well being that is comparable to what the one percent in Rome imposed on Roman citizens and conquered peoples. Here is how John Williams (shadowstats.com, 9-12-12) phrases the wipeout of Americans’ hopes:

“Consumers simply cannot make ends meet. Inflation-adjusted, or real, median household income declined for the fourth-straight year, plunging to its lowest level since 1995. Deflated by the CPI-U, the 2011 reading actually stood below levels seen in the late-1960s and early-1970s.”

“At the same time, despite the ongoing nature of the economic and systemic-solvency crises, and the effects of the 2008 financial panic, income dispersion—the movement of income away from the middle towards both high- and low-level extremes—has hit a record high, instead of moderating, as might be expected during periods of financial distress. Extremes in income dispersion usually foreshadow financial-market and economic calamities. With the current circumstance at a record extreme, and well above levels estimated to have prevailed before the 1929 stock-market crash and the Great Depression, increasingly difficult times are likely for the next several years.”

This chart shows where the median household income of the US Superpower, the “indispensable people,” stands at the culmination of 2011. Americans are as well off as they were in 1967-68. Most americans cannot pay for fighting multi-trillion dollar wars for 11 years, bailout trillions of dollars in uncovered casino bets by Wall Street, have their middle class jobs sent abroad by corporations, and still expect to have higher personal incomes.

Continue reading

Oracle Report ~ Wednesday September 5 2012

Oracle Report | Disseminating Moon Phase – Moon in Taurus

Today involves a certain level of distortion in matters. There is a broad range to this, so you may experience it in a small way or in a bigger way. Some will present an image or attitude that is superficial or in some way not honest, so don’t automatically take things at face value.

Uranus and the astrological body known as Pallas Athena meet up in the sky today. Interestingly, Venus, which spends its last full day in Cancer today, is located at the degree known as “a Greek muse weighing newborn twins in golden scales.” So there is a lot of Greek goddess energy today and what it is saying is that new situations are being divinely directed and created. (Remember that this month is the month where things take a different form.) It also says that if you are facing some kind of choice or decision, ask yourself if the choices are really the same thing. Do the alternatives actually lead to the same outcome?

This energy causes us to make comparisons with all types of things, but what we don’t tend to see are the similarities. If you need to do something important, it’s better to wait until things become clearer because of the distortions that are present. Keep this in mind if something is stressing or pressing you

Enhanced by Zemanta

Jonathan Benson ~ Greek Healthcare System Collapses, Hospital Workers Now Working Without Pay

Natural News | June 22 2012

Natural News ~ The economic situation in Greece is only continuing to worsen, as reports indicate that hospitals and care centers throughout the nation are running completely out of medicines, and many healthcare workers are now voluntarily providing care services without pay.

Strapped with spiraling debt, the Greek healthcare, which is government-run, has had to receive gobs of international financial aid just to keep operating with some semblance of normalcy. There has also been plenty of IOUs issued, and desperate patients quietly forking over cash “gifts” to doctors to receive treatments. All in all, the healthcare situation is in utter chaos, save for those that have sacrificed their own time, often free of charge, just to help those in need.

As we reported here at NaturalNews back in 2010, Big Pharma had already been withholding drugs from Greece because of the country’s inability to pay for them. Greek authorities had tried to negotiate with drug companies to lower the exorbitant costs associated with drugs, and some complied. But many others simply stopped shipping in medicines, leaving thousands of ill patients without any options. (http://www.naturalnews.com/028922_Greece_Big_Pharma.html)

Today, the situation has gotten even worse, particularly because the Greek healthcare system heavily relies on brand-name drugs rather than far-less-expensive alternatives. Since the entire system is clogged because of unpaid bills, many pharmacies, for instance, have had to simply close their doors. Those that still remain and continue to supply drugs on credit — these are few and far between — are being overwhelmed by long lines of desperate patients seeking life-saving medications.

“We’re not talking about painkillers here,” said one Greek woman, a cancer survivor, to Reuters. “We’ve learned to live with physical pain. We need drugs to keep us alive.”

Continue reading

Foster Gamble ~ How the Fall of Greece Affects YOU — No Matter Where You Are

Thrive | Feb 24, 2012

Enhanced by Zemanta

IMF Boss Lagarde, Who Lectured Greeks to ‘Pay Up’, Pays No Taxes Herself

Common Dreams | May 29 2012

IMF boss who caused international outrage when she suggested that Greeks should pay their taxes earns a tax-free salary – Common Dreams staff

Christine Lagarde, the International Monetary Fund managing director who provoked an angry reaction from the Greek people after telling them to pay their taxes, does not pay tax on her own salary.

In an interview last Friday, Lagarde said she had little sympathy with the Greek people — preferring to concern herself with the plight of starving children in Africa’s Sahel region.

“I also think about all those people who are trying to escape tax all the time,” she said. “All these people in Greece who are trying to escape tax.”

On Tuesday Lagarde admitted that her $467,940 IMF annual salary and $83,760 of additional allowances are entirely tax-free.

* * *

The Guardian/UK reports:

Christine Lagarde, Scourge of Tax Evaders, Pays No Tax

Christine Lagarde, the IMF boss who caused international outrage after she suggested in an interview with the Guardian on Friday that beleaguered Greeks might do well to pay their taxes, pays no taxes, it has emerged.

As an official of an international institution, her salary of $467,940 (£298,675) a year plus $83,760 additional allowance a year is not subject to any taxes.

Continue reading

Greg Hunter ~ Is the Greek Debt Problem Really Solved?

USA Watchdog | March 14 2012

Yesterday, a short but ominous press release was issued at the Commodities Futures Trading Commission.  It said, “At the request of CME Clearing Europe Limited (CMECEL), pursuant to Section 7 of the Commodity Exchange Act, the Commodity Futures Trading Commission issued an Order on March 13, 2012, vacating the registration of CMECEL as a derivatives clearing organization.”  In plain English, the Chicago Mercantile Exchange (CME) no longer wants to be the clearing house for European derivatives.   The derivatives market in Europe must have been very lucrative for the company.  After all, just the credit default swap (CDS) market is reportedly worth $50 trillion globally.  (A CDS is a form of insurance.  If there is a default, the debt is paid by the entity that sold the insurance contract.)  I ask myself, why would the CME willingly stop being the clearing house for this profitable and large market?

Just last week, it was reported there was a new Greek debt deal where 95% of the bondholders voluntarily agreed to take nearly a 75% loss on Greek debt.  CNBC reported, “Greece successfully closed its bond swap offer to private creditors on Thursday, opening the way to securing the funding it needs to avert a messy default on its debt, according to several senior officials. . . . The biggest sovereign debt restructuring in history will see bond holders accept losses of some 74 percent on the value of their investments in a deal that will cut more than 100 billion euros from Greece’s crippling public debt.”  Buried in the CNBC story was this little tidbit that said, “That would potentially trigger payouts on the credit default swaps (CDS) that some investors held on the bonds, an event which would have unknown consequences for the market.”  

Continue reading