Socialism
Marc Faber: ‘Reduce Government by 50 Percent Or The System Is Going To Break’
Investmentwatchblog.com October 22nd, 2012 West in a ‘Colossal Mess’ in Five to 10 Years: Marc Faber “I think the regimes will try to keep the system alive as it is for as long as possible, which means there’s no “fiscal cliff,” there’s a fiscal grand canyon,” Faber told CNBC’s “Squawk Box.” Faber argued that... »
French business erupts in fury against “disastrous” François Hollande
France is sliding into a grave economic crisis and risks a full-blown “hurricane” as investors flee rocketing tax rates, the country’s business federation has warned. By Ambrose Evans-Pritchard TelegraphUK 15 Oct 2012 “The situation is very serious. Some business leaders are in a state of quasi-panic,” said Laurence Parisot, head of employers’ group MEDEF.... »
We’re going to run out of money next month, warns Greek leader
NATHALIE SAVARICAS IndependentUK SATURDAY 06 OCTOBER 2012 Greece’s Prime Minister warned yesterday that his country’s coffers would run dry by November unless international lenders disbursed a vital €31.5bn loan instalment soon. Invoking a comparison with the Weimar Republic in Germany before the Second World War, Antonis Samaras also warned of “chaos” in Greece if... »
Portugal announces higher taxes as strike is called
BBCUK 3 October 2012 Portugal has announced several new austerity measures, which were met with a call for a huge strike next month. These include reducing Portugal’s income tax brackets from eight to five. This replaces a social security tax rise that was shelved due to its deep unpopularity. Portugal’s largest trade union, the... »
Spain’s Tax Revenue Tumbles as Companies Flee Country
By: Reuters CNBC.com Wednesday, 3 Oct 2012 Spain’s corporate tax take has tumbled by almost two thirds from pre-crisis levels as small businesses fail and a growing number of big corporations seek profits abroad to compensate for the prolonged downturn at home. Attractive tax benefits can accrue to companies expanding overseas, but for Prime... »
A Capitalist Revolt in Socialist France
Wolf Richter ZeroHedge.com 10/03/2012 The French government is trying to reign in its deficit by jacking up taxes, including the capital gains tax, which it wants to bring to the same level as the tax on income earned by the sweat of your brow—an old philosophical pillar of the French left. But an explosive... »
Social Security Is Quietly Eroding Away…(Another Ponzi Scheme Bites The Dust!)
Bruce Krasting BusinessInsider.com Sept. 30, 2012 Social Security (SS) will race through another milestone in October. For the first time in its history, SS will pay out more than $65 billion in a single month. Other than the fact that this is an incredibly big number, there is nothing eye-opening about the payout. SS... »
UK hospitals on the verge of collapse as socialized medicine fails
by: J. D. Heyes NaturalNews.com Monday, September 24, 2012 If you want to get a good look at the future of healthcare in America, compliments of the “Affordable Care Act,” the monstrosity reform law known not-so-affectionately known as Obamacare, look across the Atlantic to Great Britain. Because of that law, our system is set... »
Finland preparing for ‘full-blown currency crisis’ and collapse of Eurozone
by: Ethan A. Huff NaturalNews.com Tuesday, August 21, 2012 In a shocking admission that shows just how serious the ongoing “Eurozone” crisis truly is, a Finnish official has come forward with information about how his country, which is among the strongest in the European Union (EU), plans to deal with a potential break-up of... »
Art Cashin On The New Normal’s New Populism: 165 Million As State Dependents?
by Tyler Durden ZeroHedge.com 08/21/2012 Some must read observations on the dangerous path down which American society is headed. Via UBS Financial Services A Somewhat Ominous Op-Ed Recalls A Manufactured Ominous Quote – An op-ed in Forbes last week by Bill Wilson is causing some buzz in Wall Street watering holes. Its title is... »