*[20 Oct 2015 Addendum: Some readers did not catch the nuance in WHAT Makes a Monetary System CRIMINAL. The executives, policy makers, politicians, and others are criminals that make any system they control criminal, for deception and fraud are tools of criminals. “GOLD Bullion” as money is not the answer.]
Venezuela decreed 30% increase in the minimum wage for higher inflation in 2015.
This is the second increase in the year and according to the president of the South American nation, will recover the purchasing power of Venezuelans. However, this adjustment will fall short before an expected 80% inflation.
Recession in Latin America’s biggest economy:
As the citizens in Brazil call on criminal investigations and impeachment to halt the criminality in government and banks, the Brazilian government fights to survive (with a disapproval rate of 70%) even as it face inflating government debt due to several international monetary factors and fluctuations…
Recent years Brazil was championed as an example of growth and development, today the Latin American giant is at the center of the economic crisis in the region.
Credit rating agencies have shredded the nation’s credit rating and economic outlook, causing greater costs of government borrowing.
Even more Ominous Brazil’s government launches a political drive for Austerity measures!
The mass media is non-stop-hype about the massive war refugees flooding Europe. That is a topic we can discuss another time…
Title: “Vicious circle of corruption Focus on Europe”
Video posted 15 Oct 2015
Refugees from Montenegro have virtually no chance of being granted asylum in Germany. Still, many are fleeing their tiny republic, where nepotism and rampant corruption have bred high unemployment.
Read more: http://www.dw.com/en/focus-on-europe-spotlight-on-people-2015-10-14/e-18735821-9798
Video posted 16 Oct 2015
A court in Portugal has lifted the house arrest for the country’s former socialist prime minister Jose Socrates.
He is now allowed to leave his home, but is required to stay in Portugal unless given special permission to travel abroad.
Socrates was allowed to vote in parliamentary elections earlier this month.
He was arrested last November as part of an investigation into suspected tax fraud, corruption and money-laundering.
Prosecutors and judges have intensified a campaign against corrupt…
READ MORE : http://www.euronews.com/2015/10/16/portugal-lifts-house-arrest-for-ex-pm-jose-socrates
–Osborne warns UK not immune from rising global risks
–Greece’s debt has become unsustainable and the country needs debt relief, according to the International Monetary Fund.
–Glencore shares crash 29% as European markets slide
Iceland’s Leadership is pointing to something important. Quote:
Iceland Repays All of Its Remaining Obligations to the IMF Ahead of Schedule
Press Release No. 15/469
October 9, 2015
Iceland today repaid, ahead of schedule, all of its remaining obligations to the International Monetary Fund (IMF), amounting to SDR 236.9 million (about US$334 million).
Will Iceland Adopt A Sovereign Money Policy?
I don’t think the Banksters will like that.
Read Iceland’s proposal: