The Collapse Is Coming...And Goldman Sachs Rules The World

[omniknight]

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Greek Shutdown by Nationwide Strike.

Greek Shutdown by Nationwide Strike - WSJ.com


ATHENS—Public services across Greece were shut down Wednesday in a nationwide strike over austerity measures the government has proposed to secure badly needed aid from the country's international creditors.

The 24-hour strike shut central and local government operations, including schools and courts, and hospitals, emergency health services and state-owned companies, such as the national power utility, were operating at reduced staff levels.

Transport services around Greece were disrupted as air traffic controllers walked off the job, forcing the cancelation of dozens of flights into and out of the country. Ferry services were also frozen and public transport in the capital, Athens, was affected by a partial walkout of the city's bus, rail and trolley workers.

Greece's museums and hundreds of archaeological sites were also closed Wednesday as a result of the strike, while guards at detention centers extended their own two-day walkout that affected, among other things, the transport of prisoners.

The strike, called by Greece's two major umbrella unions, comes after weeks of almost daily protest actions by various groups—ranging from bus drivers to tax collectors—over the government cutbacks. A day earlier, protesters blocked all access to several key government ministries while a nationwide general strike is also planned for Oct. 19.

After disclosing Sunday that it would miss its deficit targets this year, Greece's government is rushing to meet the demands of its international creditors by enacting some €6.6 billion ($ billion) in further austerity measures to bring its budget back on track by the end of 2012.

A visiting delegation of international inspectors from the European Commission, the International Monetary Fund and the European Central Bank have demanded those measures in exchange for releasing an €8 billion tranche of aid.

Without that latest disbursement, which is part of a €110 billion bailout package Greece received in May 2010, the government has said it will run out of money by mid-November.

"The government, submissive to the interests of the banks, big capital and speculators, is sweeping away the rights of the workers and of society," public sector umbrella union ADEDY said in a statement. "It is trying to frighten, threaten and blackmail us into submitting to its policies, and is even threatening us with not paying wages and pensions."

Since receiving its bailout last year, Greece's government has passed successive rounds of austerity measures that have led to deep cuts in public-sector salaries, pensions, and tax increases on everything from cigarettes to restaurant bills.

[omniknight]

World facing worst financial crisis in history, Bank of England Governor says

World facing worst financial crisis in history, Bank of England Governor says - Telegraph

The world is facing the worst financial crisis since at least the 1930s “if not ever”, the Governor of the Bank of England said last night.

By James Kirkup
10:00PM BST 06 Oct 2011

[zapantalambda]

ka.scary. pugong najud kog maayu's kwarta ani.

[Sand Man]

Wow... Look at all those so-called experts singing the same tune.

Looks like they're the ones creating all the commotion. Murag gituyo ni dah...

[breinrules]

MR Goldman? Gipildi naman na siya sa house of the dead 2, nabuhi nasad siya?

On topic: Mods I think you have to close this one again

[leonell]

Expected na ni to come from the countries who are buried with their own debt and Great Britain included. Let's not get dragged by the talk. Emerging markets like the Philippines are not that susceptible to external shocked brought about by problems of indebted developed countries.

The concept is simple 'people from developed countries spend credit from their NEXT PAYCHECK while Filipinos just spends what they get in their CURRENT PAYCHECKS.' Go figure why.

[istoryamember]

i dont think pinoys spends what they get in their current paychecks. Wa pa gali ang 13th month, hurot na. Same ra ta sa developed countries. kalahi lang kay sila sa bank nangutang, ang pinoy sa bombay

[CocoCrunch]

MR Goldman? Gipildi naman na siya sa house of the dead 2, nabuhi nasad siya?

On topic: Mods I think you have to close this one again

lols, maypa magpakong mong kahuny.
The Goldman Sachs he mentioned is not a person but a company, specifically a bank that offers different type of financial services.

all around utok huh but your infos are wrong.

[kidynamite]

some are using scary tactics to manipulate the market..

[likyam]

mao na tingai ni giingon na giapas na ug gaba ang greed.

mahitabo na dyud tong storya sa katigulangan na ang mahibilin ani kai kwarta nalang pero di na magamit kai gubot na ang tawo kai gutom na. unsaon pa man daw nang kwarta nga di man na makaon.

a lesson from which i know im happy to see because i can feel the power of the Higher Being manifested through a cataclysmic incident that is and is about to happen pa.

well Goodluck to all of us then.

i just hope lang ta we could get a lesson from our forefathers long ago: to be HONEST and TRUSTWORTHY. always being fair and thinking of the welfare of those who support or buy your product for which have been hard to see this Generation.

mas maayo pa tingai tong BARTER TRADE before. baylo-ai lang sa kinahanglanon. wa kai asin, naa ko pero barter tag karne nimo. most of you would disagree with me. pero para nako, it will always be one lesson people will never learn. to be just satisfied and stay within means.