Tag Archive | poverty

Arizona Senate Committee Passes Bill To Treat Gold as Money, Remove Capital Gains Tax*

Arizona Senate Committee Passes Bill To Treat Gold as Money, Remove Capital Gains Tax*

On March 8th an Arizona Senate Committee passed a bill that would eliminate state capital gains taxes on gold and silver specie, and encourage its use as currency. Final approval of the legislation would help undermine the Federal Reserve’s monopoly on money.

Former U.S. Rep. Ron Paul testified today in the Senate Finance Committee in support of House Bill 2014 (HB2014). The legislation, which previously passed the state House by a 35-24 vote, would eliminate state capital gains taxes on income “derived from the exchange of one kind of legal tender for another kind of legal tender.” The bill defines legal tender as “a medium of exchange, including specie that is authorized by the United States Constitution or Congress for the payment of debts, public charges, taxes and dues.” “Specie” means coins having precious metal content.

In effect, passage of the bill would, as Paul noted, “legalize competition in a Constitutional fashion.”

Under current Arizona law, gold and silver are subject to capital gains tax when exchanged for Federal Reserve notes, or when used in barter transactions. If the purchasing power of the Federal Reserve note has decreased due to inflation, the metals’ nominal dollar value generally rises and that triggers a “gain.” In most cases, of course, the capital gain is purely fictional. But these “gains” are still taxed — thus unfairly punishing people using precious metals as money.

“We ought not to tax money, and that’s a good idea. It makes no sense to tax money,” said Paul.

“Paper is not money, it’s a substitute for money and it’s fraud,” Paul continued, noting the importance of honesty money vs federal reserve notes.

Today, the Senate Finance Committee passed the bill by a 4-3 vote along party lines.

An Important Step Forward

Passage of HB2014 would remove the amount of any net capital gain derived from the exchange of one kind of legal tender for another kind of legal tender or specie (gold and silver coins) from their gross income on their state income tax. In other words, individuals buying gold or silver bullion, or utilizing gold and silver in a transaction, would no longer be subject to state taxes on the exchange.

Bill sponsor Rep. Mark Finchem (R-Tucson) discussed this as well. “What the IRS has figured out at the federal level is to target inflation as a gain. They call it capital gains.” He noted that the bill would help Arizona residents “protect their conversion of one kind of currency for another.”

Passage into law would mark an important step towards currency competition. If sound money gains a foothold in the marketplace against Federal Reserve notes, the people would be able to choose the time-tested stability of gold and silver over the central bank’s rapidly-depreciating paper currency. The freedom of choice expanded by HB2014 would allow Arizona residents to secure the purchasing power of their money.

Ron Paul added that he considered the Arizona bill to be “very important” because it would also serve as an educational effort for other states. In fact, similar legislation is also under consideration in IdahoTexasTennesseeVirginia, and Maine.

“The responsibility is on the states to follow the constitution,” said Paul.

Background Information

Currently, all debts and taxes in Arizona must be paid with either Federal Reserve Notes (dollars), authorized as legal tender by Congress, or with coins issued by the U.S. Treasury — very few of which have gold or silver in them.

But the United States Constitution states in Article I, Section 10, “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.”

The Arizona bills take a step towards that constitutional requirement, ignored for decades in every state. Such a tactic would undermine the monopoly or the Federal Reserve by introducing competition into the monetary system.

Professor William Greene is an expert on constitutional tender and said when people in multiple states actually start using gold and silver instead of Federal Reserve Notes, it would effectively nullify the Federal Reserve and end the federal government’s monopoly on money.

“Over time, as residents of the state use both Federal Reserve notes and silver and gold coins, the fact that the coins hold their value more than Federal Reserve notes do will lead to a “reverse Gresham’s Law” effect, where good money (gold and silver coins) will drive out bad money (Federal Reserve notes). As this happens, a cascade of events can begin to occur, including the flow of real wealth toward the state’s treasury, an influx of banking business from outside of the state – as people in other states carry out their desire to bank with sound money – and an eventual outcry against the use of Federal Reserve notes for any transactions.”

Once things get to that point, Federal Reserve notes would become largely unwanted and irrelevant for ordinary people. Nullifying the Fed on a state by state level is what will get us there.

Up Next

HB2014 now moves to the Senate Rules committee for further consideration.

Source*

Related Topics:

Germany Gets the ‘Wrong Suitcase’ While Repatriating Its Gold Reserves from U.S.*

Pay As You Go Gold Launched by Britain’s Royal Mint*

New Currency for The United States Republic, Backed by Gold, Ready for distribution??

Obama Bans Gold Ownership for “United States Citizens”? So Who’s a “Citizen”?*

Rothschild Establishes Billionaire Tax Haven Inside America*

 

Americans aren’t Filling their Taxes this Year says IRS*

Americans aren’t Filling their Taxes this Year says IRS*

Millions of Americans have not filed their income taxes with just one month left in the tax filing season, according to the U.S. Internal Revenue Service (IRS), an issue that some experts blame on President Donald Trump’s political rhetoric.

The IRS has received 5.7 million fewer individual tax returns as of February 17 compared to the same period last year, an 8.5-percent drop.

The annual deadline to file one’s individual income tax return is April 15.

Experts believe that the trend can largely be blamed on Trump’s immigration policies, which have targeted millions of undocumented immigrants.

According to a report by Bloomberg, with the Trump administration’s promise to crack down on immigration, “undocumented immigrants may be afraid to create a paper trail with the government by claiming tax refunds.”

John Hewitt, chairman and chief executive of Liberty Tax, said earlier this month that there has been less individual taxpayer identification numbers (ITINs) filed this year.

The ITINs are generally used by undocumented immigrants instead of Social Security numbers.

They’re “probably fearful of the Trump initiatives,” Hewitt said in a call with analysts on March 8.

Trump’s promise to introduce major tax cuts, coupled with the Republican plans to replace the Affordable Care Act, or ObamaCare, have also been cited as other reasons.

Meanwhile, Sanjay Baskaran, president of online tax preparer TaxAct, argued that the reason is much simpler: Procrastination.

“Customers waiting longer to file their returns is a trend we have observed for the last four years, although it’s more pronounced this year,” he said.

Data by the IRS shows that the closer its gets to the deadline, the more tax returns come in.

Last year, for example, a whopping 12 million tax returns were filed during the week leading to the April 16 deadline.

Delayed refunds due to the federal government’s crackdown on tax fraud is also blamed by some analysts as the reason.

Source*

Related Topics:

U.S. Now Taxing Collection of Rainwater*

IRS Agent Admits Income Tax is Unconstitutional and Illegal*

Rothschild Establishes Billionaire Tax Haven Inside America*

A Call for National Tax Disobedience*

Former Head of Morgan Stanley Indicted for Evading $45mn in Taxes*

U.S. Taxpayers Funded Clinton’s Private Email Servers through ‘Former Presidents Act’*

U.S. Sued over $280bn Tax-deductible Aid Sent to Israel*

1980 Interview: How the Tax Exempt Foundation has brought about the Destruction of U.S.*

U.S. Taxation Deadline Looms for Trinidad and Tobago*

E.U. Desperate to Raises Taxes Starts Cashless Society Project November 2017*

E.U. Passed Tax ID Numbers for Everyone*

U.K. Taxpayers Subsidising World’s Largest Oil Companies to Exploit Its Own Natural Resources*

Everyone Who Can Now See Your Entire Internet History, Including the Taxman…*

U.K’s New PM’s Husband is a Senior Executive to an Investment Fund that Profits from Tax Avoiding Companies*

Welsh Town Tax Rebellion Uses Big Corporations ‘offshore’ to Avoid Tax on Local Business*

Thousands Protest Privatization of Health Service in London*

Thousands Protest Privatization of Health Service in London*

Thousands of activists, including healthcare staff, are taking part in a London demonstration on Saturday to protest cuts and the privatization of the U.K.’s healthcare service.

The #OurNHS rally, organised by Unite trade union began at 12 pm from Tavistock Square and heard from a number of high profile speakers including Labour leader Jeremy Corbyn and health spokesperson of the Green Party Larry Sanders.

Around 200,000 people are demonstrating across London, according to organizers, with many travelling from other parts of the country to join the protest.

The crowds carried banners and chanted slogans declaring “NHS not for sale” and “The blood on my hands washes off.”

#OurNHS – Curated tweets by DoloresMartyn

Organizers say the threat to the NHS is real and the fight is on to save the healthcare system from privatization. Trade union activists, Labour party members, and NHS employees joined members of the public in the march and addressed crowds at Parliament Square.

“Change course on the NHS or else we will change you,” trade union Unite warned the government at Saturday’s rally.

Steve Turner, Assistant General Secretary of Unite, told the crowd that hospitals across the country are declaring emergencies but that the issue comes down to a political decision.

“We demand that the billions robbed from the NHS are returned,” he said, referencing next week’s budget.

A number of junior doctors also took to the stage Saturday, warning that privatization will lead to higher healthcare costs and poorer quality of care.

Speaking at the event, Labour leader Jeremy Corbyn thanked health service workers and pledged to fight for the “most civilised” institution in the land.

#JeremyCorbyn on #OurNHS#NHSMarch
The most civilised institution in this country needs to fought for. We’re up for the fight. pic.twitter.com/VYgyqfjKc9

— Florence Naluyimba (@Floramujaasi) March 4, 2017

Be clear, underfunding the NHS is a political choice by the Conservative government. @jeremycorbyn speaking at the #OurNHS rally today. pic.twitter.com/Ce1DZDOKmO

— Sarah Hacker (@CllrSarahHacker) March 4, 2017

“Defending the NHS is defending a basic human value and a basic human right!” @jeremycorbyn

Watch #NHSMarch live: https://t.co/sOFuJC5IfKpic.twitter.com/VkXLj0Z1AV

— RT UK (@RTUKnews) March 4, 2017

“NHS is in crisis not because of overspending but because of under-funding – a crisis made in Downing street,” he said.

“It’s not the fault of the staff, it’s the fault of a government that has made a political choice.”

He commended the multicultural workforce of the NHS, saying he would stand up for the rights of European nationals working there and supporting British society. Corbyn also vowed to protect the values of the NHS and told the crowd that “defending the NHS is defending a basic human right.”

Source*

Related Topics:

Engineered National Health Service Meltdown in the U.K.*

How Homeopathy is Being Kicked Out of the U.K.’s Health System*

U.K. is at Bottom Of O.E.C.D. In Healthcare – But Leaders Still Deny Austerity Is to Blame*

Unfair Health Contract Sparks Exodus of U.K. Medical Professionals*

Syphilis Pandemic Rises 163% in U.K.*

Bank Bail-outs Behind Behind U.K.’s Collapsing Public Services*

U.K. Cuts to Social Services has Caused the ‘biggest rise in death rates’ since WWII*

U.K.: Can you Cut Public Spending to 1930s Level with 2014-18 Cost of Living?*

Hospitals across England Declare ‘black alert’ as NHS Crisis Worsens*

Four-Year-Olds Forced to Mine for Cobalt to Make Smartphones Work*

Four-Year-Olds Forced to Mine for Cobalt to Make Smartphones Work*
By Jessica Murray

Credit: Sky News

young children get paid 8p per day for 12 hours of work – Credit: Sky News

A recent undercover investigation by Sky News has revealed that children as young as four are working in mines to retrieve an substance to make mobile phones work. The investigation discovered that the mineral that the children are mining for is called cobalt, and is an essential component of batteries for smartphones and laptops, according to recent reports. Despite the army of children working in the mines to extract it for as little as 8p per day, the crucial component makes billions for multinational companies such as Apple and Samsung. Together with the incredibly low wage that the young children are paid, they are also made to work in terrible conditions with no safety equipment. The footage from Sky News shows that the children are made to continue working during heavy rain when they are wearing no shoes and have to carry large and heavy bags through the dirt.

 

Credit: Sky News

Credit: Sky News

 

Credit: Sky News
Eight-year-old mine worker Dorsen told Sky News,

“When I’m working here I’m suffering. My mother, she’s already dead, and I have to work all day and my head hurts me.”

He told reporters from Sky News that despite working for 12 hours each day, he had not made enough money to eat for the past two days. Every day the children descend into hand-dug shafts without any protective equipment, meaning that the tunnels frequently collapse on top of them. The mines where the children are exploited are located in the Democratic Republic of the Congo (DRC), where half of the world’s cobalt is located. If the children mess up their work in any way they are threatened with a beating. 11-year-old Richard told the media outlet,

“When I wake up every morning I feel terrible knowing I have to come back here again. Everything hurts.”

Sky News claimed that, due to the fact that there is very little regulation which requires companies to trace their cobalt supply lines, it is very likely that the majority of smartphones contain a battery with cobalt that was mined by children in the central African nation, particularly as this is where the majority of the element lies.

Credit: Sky News

Credit: Sky News

 

The growing demand for lithium-ion batteries for use in modern technology is the reason behind the industry that is driven by the U.S. and Chinese corporations behind the smartphone and electric car markets. The mine owners sell the retrieved cobalt to traders, who are mainly from China and do not ask any questions about the workers who are involved in mining it. Apple told Sky News,

“If our suppliers are unable or unwilling to meet our standards then we suspend or terminate business with them. Last year we removed 22 smelters from our supply chain.”

Other electronics and car firms that were contacted by Sky News during the investigation said that it is difficult to trace whether their cobalt comes from the mines seen in the footage. They then suggested that it is better for the communities involved to improve their working conditions than to terminate contracts altogether. The investigation concluded that there are thousands of unofficial, unregulated and unmonitored mines where men, women, and children are working in what has been described as slave conditions.

Source*

Related Topics:

The Congolese in their Struggle for Freedom*

The Secret Race to get Congo’s Uranium to Destroy Hiroshima*

How the World Runs on Looting the Congo*

U.S. Sponsors Rape in Congo*

What’s Behind a Mysterious Nuclear Radiation Spike across Europe*

What’s Behind a Mysterious Nuclear Radiation Spike across Europe*

Small amounts of nuclear radiation spread across Europe last month, and no one can figure out why.

First detected over the Norway-Russia border in January, the radioactive Iodine-131 bloom was then found over several European countries, and while unsubstantiated rumours of nuclear testing by Russia have been cropping up, officials say it’s most likely linked to an unreported pharmaceutical mishap.

While the radiation spike happened in January, officials in Finland and France have only just gone public with information on the incident, announcing that after the spike was detected in Norway, it appeared in Finland, Poland, Czechia (Czech Republic), Germany, France and Spain, until the end of January.

When asked why Norway didn’t inform the public last month, when it was the first to detect the radiation in its northernmost county, Finnmark, Astrid Liland from the Norwegian Radiation Protection Authority told the Barents Observer:

“The measurements at Svanhovd in January were very, very low. So were the measurements made in neighbouring countries, like Finland. The levels raise no concern for humans or the environment. Therefore, we believe this had no news value.”

Radiotoxicity of iodine 131 The radioactive toxicity of iodine 131 is measured by an ‘ingestion dose conversion factor’ which allows to calculate the effective dose resulting from the ingestion of a given activity of a radioelement. Ingested Iodine-131 is dangerous because it primarily affects the thyroid gland that plays a fundamental role in childhood development. Radioactive iodine toxicity varies greatly with age, with toddlers, young children and adolescents being far more sensitive than adults. IN2P3

Radiotoxicity of iodine 131 The radioactive toxicity of iodine 131 is measured by an ‘ingestion dose conversion factor’ which allows to calculate the effective dose resulting from the ingestion of a given activity of a radioelement. Ingested Iodine-131 is dangerous because it primarily affects the thyroid gland that plays a fundamental role in childhood development. Radioactive iodine toxicity varies greatly with age, with toddlers, young children and adolescents being far more sensitive than adults. IN2P3

As France’s nuclear safety authority, the IRSN, announced last week, the actual amount of radioactive Iodine-131 in Europe’s ground-level atmosphere in January “raise no health concerns”, and has since returned to normal.

But what’s most disconcerting about the event isn’t the level of radiation that spread through Europe – it’s the fact that no one can say what actually happened.

Iodine-131 (value +/- uncertainty) in the atmosphere. Credit: IRSN

Iodine-131 (value +/- uncertainty) in the atmosphere. Credit: IRSN

Iodine-131 (value +/- uncertainty) in the atmosphere. Credit: IRSN

What we do know is that Iodine-131 has a half-life of just eight days, so detecting it in the atmosphere is proof of a recent release.

“The release was probably of recent origin. Further than this, it is impossible to speculate,” Brian Gornall from Britain’s Society for Radiological Protection told Ben Sullivan at Motherboard.

Right now, the best bet is that the origin of the radioactive Iodine-131 is somewhere in Eastern Europe – something that conspiracy theorists have latched onto as evidence that Russia performed a nuclear test in the Arctic.

But there is no evidence of this taking place, and the fact that only Iodine-131 – and no other radioactive substances – were detected strongly suggests this is not the answer.

“It was rough weather in the period when the measurements were made, so we can’t trace the release back to a particular location. Measurements from several places in Europe might indicate it comes from Eastern Europe,” Liland told the Barents Observer.

Based on the particular isotope, experts are saying it’s far more likely that the radiation spike is the result of some kind of pharmaceutical factory leak, seeing as Iodine-131 is used widely in treating certain types of cancer.

“Since only Iodine-131 was measured, and no other radioactive substances, we think it originates from a pharmaceutical company producing radioactive drugs,” Liland told Motherboard. “Iodine-131 is used for treatment of cancer.”

And, oddly enough, the case for pharmaceuticals being behind the mess has a surprisingly similar parallel to back it up – an almost identical event occurred in 2011, when low levels of radioactive Iodine-131 were detected in several European countries for a few weeks.

At the time of the announcement, officials were also at a loss to explain the spike in Iodine-131, but quickly ruled out a link to nuclear power plants.

“If it came from a reactor we would find other elements in the air,” Didier Champion, then head of environment and intervention at the IRSN, told Reuters in 2011.

Interestingly, a paper came out just last week confirming that the source of the 2011 Iodine-131 leak was a faulty filter system at the Institute of Isotopes Ltd in Budapest, Hungary, which produces a wide variety of radioactive isotopes for medical treatment and research.

The investigation is still ongoing for the 2017 leak, with the U.S. Air Force deploying its WC-135 nuclear explosion ‘sniffer’ aircraft to the U.K. last week to help narrow down the source.

Hopefully researchers can nail down what exactly happened here, so factory owners – if they are to blame this time around – can ensure these kinds of leaks don’t continue.

Because while both events posed no health risk to humans, it’s really not something any manufacturer should be risking.

Source*

Related Topics:

Apple’s New ‘Wireless’ Headphones Emit Radiation … Right Next to Your Brain*

Level of Radiation at Fukushima so High, not Even TEPCO Robots can Survive*

Radiation Fall-out from Fukushima Causing Mass Animal Die-offs in U.S.*

A Case against Microwave Technology*

The New Travel Ban You Didn’t Hear About Is Against U.S. Citizens*

The New Travel Ban You Didn’t Hear About Is Against U.S. Citizens*

By Shaun Bradley

As emotions intensify over Trump’s recent immigration ban, the State Department and IRS have quietly used it as a smokescreen to roll out a new policy that targets U.S. citizens for unpaid taxes.

The passports of these individuals can now be revoked and their citizenship status undermined at the behest of one of the government’s most corrupt agencies. By granting the Internal Revenue Service control over passports, due process has been significantly undermined. The shield of protection that U.S. citizenship used to represent has transformed into an inescapable brand of ownership. The desperate financial condition of the federal government will only worsen in the future, forcing it to further consume its own people’s wealth in order to survive.

The new program is set to be implemented over the next few months, and currently only those with ‘seriously delinquent tax debt’ are in the crosshairs. An individual must have $50,000 worth of tax debt to be subject to revocation, but that number can easily be adjusted downward in the future. Once identified by the IRS, a certification is sent to the State Department to begin the process. The taxpayer is then informed of the action taken against them, but any recourse from there is extremely limited. This policy blatantly targets citizens living outside of the country who may not have filed with the IRS while earning an income abroad.

The United States is one of only two countries in the world that entitles itself to tax citizens while they work in other countries. These regulations were bolstered by FACTA legislation, which requires all foreign financial institutions to report account information on Americans. The additional risks that come with having to deal directly with the U.S. government have led many foreign banks to deny American clients altogether.

As society progresses into the next age of authoritarianism, it’s clear that control over travel is going to play a key role in the power structure. The National ID is just one sign of the changing tide and will require federal identification instead of a state driver’s license to travel. These new cards would establish a kind of ‘domestic passport’ system that would open the door to serious abuses against law-abiding citizens. The consolidation of authority into agencies like the TSA and IRS should act as a canary in the coal mine to those worried about the suppression of their freedom of movement.

The ACLU has come out strongly against this kind of control grid being established:

“Americans have long had a visceral aversion to building a society in which the authorities could act like totalitarian sentries and demand ‘your papers please!’ And that everyday intrusiveness would be conjoined with the full power of modern computer and database technology. When a police officer or security guard scans your ID card with his pocket bar-code reader, for example, will a permanent record be created of that check, including the time and your location? How long before office buildings, doctors’ offices, gas stations, highway tolls, subways and buses incorporate the ID card into their security or payment systems for greater efficiency? The end result could be a nation where citizens’ movements inside their own country are monitored and recorded through these ‘internal passports.’”

Considering all of this, the implications of Trump’s border wall should start to appear more sinister than ever to individual freedom. In the years to come, the wall could just as easily be used to keep people in rather than out.

When a country is no longer able to say who can, and who cannot , come in & out, especially for reasons of safety &.security – big trouble!

— Donald J. Trump (@realDonaldTrump) February 4, 2017

The pride that used to be associated with American citizenship created a country of opportunity for those willing to work hard, but now that pride has been replaced with a ball and chain that drags down the prosperity of those hindered by it. Tax evasion is seen by many as a crime deserving of severe punishment, but the hypocrisy of a nation like the United States claiming the moral high ground is laughable. Those who can distance themselves from the jurisdiction of bureaucrats in Washington should do so as soon as possible. America is starting to resemble the Titanic, and there aren’t enough lifeboats for the passengers. The objective now should be to avoid being pulled under the water when the $20 trillion debt bubble implodes.

Source*

Related Topics:

U.S. Taxation Deadline Looms for Trinidad and Tobago*

U.S. Taxpayers Funded Clinton’s Private Email Servers through ‘Former Presidents Act’*

Former Head of Morgan Stanley Indicted for Evading $45mn in Taxes*

U.S. Now Taxing Collection of Rainwater*

IRS Agent Admits Income Tax is Unconstitutional and Illegal*

Flint Tax Payers to foot Gov. Synder’s $500,000 Attorney’s Fee*

Rothschild Establishes Billionaire Tax Haven Inside America*

U.S. Sued over $280bn Tax-deductible Aid Sent to Israel*

1980 Interview: How the Tax Exempt Foundation has brought about the Destruction of U.S.*

What Will Unfold as Greece Hires a Rothschild as Debt Advisor*

What Will Unfold as Greece Hires a Rothschild as Debt Advisor*

As concerns over Greece and its debt mount, Athens has reportedly decided to call in Rothschild, one of the oldest financial firms in the world, to navigate the country’s long-running creditor stand-off and avert default.

According to the Financial Times, Greek authorities hope to finalize the appointment before crunch debt talks with eurozone finance ministers on February 20. The date has been described as the last chance for a bailout review with the upcoming elections in Europe likely to dominate the EU agenda.

Sources told the Financial Times that Rothschild is expected to advise Athens on all areas connected to its debt, including negotiations with creditors, potential inclusion in the European Central Bank’s €80 billion per month bond-buying program and the resumption of Greek government bond sales.

They added the bank will be paid a bonus when Greece regains access to global debt markets.

The Rothschild investment bank was founded over 200 years ago by Mayer Amschel Rothschild. Five of his sons established banking businesses around Europe and the firm today has more than three thousand employees in 40 countries.

The appointment of Rothschild as sovereign debt adviser will require ministerial approval. The bank will thus replace U.S. investment bank Lazard, which worked on Greece’s bailout talks in 2012, and is currently acting as financial adviser to the Greek Ministry of Energy.

The FT revelations may also shed light into the mystery surrounding a secret meeting of Prime Minister Alexis Tsipras with Rotchild representatives in Paris last month.

Last week, the political debate in Greece was heated after the vice president of main opposition party New Democracy revealed that Greek Prime Minister Alexis Tsipras had a secret meeting with the representatives of the Rotchild investment bank in Paris.

The meeting was revealed after the ND vice had claimed Tsipras had misused the prime minister aircraft and flew to Paris for family vacation while he was flying back to Greece from Portugal end of  January.

Bowing to the insisting pressure of ND, the prime minister’s office said in a non paper that purpose of the meeting was to bring investment in Greece and that there was also a meeting with the CEO of  cosmetics company L’ Oreal. The non paper also said that the Rothschild investment bank was adviser to the Public Debt Management Agency.

According to press reports, the Rothschild confirmed the meeting with the Greek Prime Minister but did not revealed details. In the same wavelength, L’ Oreal confirmed without further details that it was a private meeting.

After the Financial Times revealed that Greece government will hire Rothschild as debt adviser, Greek media report that the investment bank will help the Greek government to reach a deal with the E.U. and the IMF lenders on the next Eurogroup scheduled for 20. February.

Without the conclusion of the second review Greece will not be able to receive the next bailout tranche in order to meet its obligations towards the lenders and private investors.

Source*

Related Topics:

Greece Bans Cash*

E.U. Throws Greece and Refugees to the Sharks*

Greece’s Former President of Parliament on Why Syriza Party Broke Its Pledge to the People*

Greece is now a Colony of the E.U.*

Baron Rothschild Indicted in France for Fraud*

Rothschild Bank under Criminal Investigation over Missing $4bn in Global Corruption Probe*