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Valentin KATASONOV

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Greece – Harbinger of Global Financial Collapse

The Greek debt crisis is on the radar screen today. It’s a pity that 99% of publications are devoted only to the implications for Greece and eurozone. This issue should be considered in a broader context. The implications should be analyzed at global scale...

Valentin KATASONOV | 20.07.2015


 

The bank holidays in Greece are no holiday at all

The history behind the familiar concept of the European “bank holiday” dates back to 1871, when the Bank Holidays Act was passed in the United Kingdom. It established four days each year when banks would be closed. Typically those days fell on major religious holidays. By the end of the nineteenth century, bank holidays had become a familiar part of life in the UK and Commonwealth countries - they were also considered unofficial national holidays in Ireland and then the custom spread to continental Europe in the twentieth century

Valentin KATASONOV | 30.06.2015


 

Tragic History of XX Century and Crisis Faced by Greece

The whole world is closely watching the situation unfolding in Greece. This country may become a trigger to start a chain reaction leading to the collapse of united Europe. A default on public debt (exceeding 320 billion euros) will be followed by a default of Greek bonds holders. Nobody can make a forecast to predict the economic and political consequences...

Valentin KATASONOV | 29.06.2015


 

George Soros as Disaster Capitalist

George Soros is a well-known billionaire. He has recently started to take an active part in Ukrainian affairs. No, Mr. Soros does not play the role of peacekeeper, to the contrary, his activities are aimed at inciting a large-scale war against Russia...

Valentin KATASONOV | 23.06.2015


 

The story of BlackRock, a modest participant at the Bilderberg conference

When it comes to meetings that determine the trajectory of global development, the first half of June was a busy time. The G7 Summit was held in Bavaria, and the Bilderberg Club conducted its annual meeting next door in Austria on June 14. Many of the participants in that club’s meetings carry more weight than the presidents and prime ministers from the Group of Seven. We know that each year, the presidents and chairmen of the boards of directors of banks and corporations with impressive brand names like JPMorgan, Goldman Sachs, Morgan Stanley, Deutsche Bank, Lizard, Banco Santander, HSBC, Royal Dutch Shell, British Petroleum, Alcoa, Google, etc. all meet as part of that club. Those brands are household names, and there is no denying the economic and political influence these banks and corporations wield all over the world...

Valentin KATASONOV | 18.06.2015


 

Printing Press: Kiev’s Last Hope

Yury Lutsenko, an MP and the leader of Bloc of Petro Poroshenko party, reported that the Ukraine’s National Bank started the printing press. Allegedly it went ahead after Prime Minister Arseniy Yatsenyuk gave his approval. Few people paid attention to this information. Soon Yulia Timoshenko confirmed the news (she is an opposition leader). She said the uncontrolled emission without back-up should be stopped. In January the emission rate was 31billion hryvnias...

Valentin KATASONOV | 13.06.2015


 

Kiev Holds Talks With International Money Lenders: This Month is Decisive

Time is running out for both parties to reach an agreement as a June 15 – the International Monetary Fund (IMF) deadline for the restructuring approaches. Ukraine is to restructure the $40 billion bailout. It must meet the mid-June deadline by which it must find a way to save $15 billion (13.7 billion euros) over four years...

Valentin KATASONOV | 12.06.2015


 

Greece’s Creditors Take Tough Line: What Will it Lead to?

...The lenders are going to impose Greece a program of reforms which is actually an ultimatum. The policy conditions in the creditors’ proposal – whose details remained under wraps but include fiscal austerity, privatizations, and overhauls of pensions and labor law—could prove extremely challenging for Mr. Tsipras to accept without sparking a rebellion within his ruling coalition. In not so distant future Greece will have to reduce the budget deficit to 3, 5%. This is the price for having the troika of major lenders – The International Monetary Fund, the European Central Bank and the European Commission – unfreeze the 7, 5 billion euros tranche...

Valentin KATASONOV | 04.06.2015


 

«Gratuitous Democracy» or «Banking Concentration Camp»

The news I’m talking about was reported by media in May. Not a big thing at first glance, certainly not a thing to hit radar screen. But the devil is in the details. Some interesting events took place in Scandinavia. The Danish government proposed exempting certain shops from the obligation to accept cash payments in a move seen as pushing the country a step closer to a «cash-free» economy. Businesses such as clothing retailers, gas stations and restaurants will no longer be required to accept cash next year, the government of Denmark said on May 6. The move comes as part of a pre-election package of economic growth measures aimed at reducing costs and increasing productivity for businesses. Many stores in Sweden do not accept cash but only debit or credit cards. Now a buyer with full pockets of cash will leave a Swedish and Danish shop empty handed...

Valentin KATASONOV | 02.06.2015


 

A meeting on the Elbe River, but without Russia: the G7 Finance Ministers’ meeting

The Group of Seven (G7) Finance Ministers’ meeting is to take place in Dresden (Saxony) in Germany on 27-29 May. It will be the Group of Seven’s last major event before the G7’s final full-scale summit at Schloss Elmau in the Bavarian Alps on 7-8 June 2015. The Group of Seven is made up of Germany, the US, Canada, Japan, France, Great Britain and Italy...

Valentin KATASONOV | 28.05.2015




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OUR COLUMNIST
    Wayne MADSEN

Has Gladio Returned to Europe?

The recent shooting of the U.S. Consulate in Istanbul by two woman who were claimed by Turkish authorities to be members of a far-left terrorist group, the Revolutionary People's Liberation Army-Front (DHKP-C), as well as a suspicious incident on a Thalys high-speed train bound for Paris from Amsterdam, indicate that the false flag operations conducted by the U.S. Central Intelligence Agency’s Cold War-era «stay behind network» known as Gladio may be back in full operation...

29.08.2015
 
 
 
 
 
 
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