#AceFinanceNews – GERMANY – Nov.30 – The German pilots’ union Vereinigung Cockpit (VC) is calling for a strike on December 1 and 2 after talks over retirement benefits stalled.
“It became clear that management is not interested in solutions, but in introducing an autocratic leadership model like that of airlines in the Gulf states,” VC spokesman Jörg Handwerg said.
The pilots oppose plans to gradually raise the age at which they can take early retirement by five years.
Currently, they can retire at 55 and get up to 60 percent of their pay until the normal pension starts at their statutory retirement age of 65.
#AceFinanceNews – UKRAINE – Nov.28 – Kiev authorities have shut down cash machines in eastern Ukraine and businesses have stopped accepting credit cards in the region, according to local residents and bank workers.
“We received the order to close the establishment yesterday.
There are no more money transfers here,” Valery, an employee at Ukraine’s Oschadbank in the Donetsk Region, told AFP.
In the city of Donetsk, locals told the agency that they fruitlessly queued to try and withdraw cash from ATMs, and that credit cards have stopped working in shops.
On Tuesday, the country’s central bank ordered all banks to “suspend” their work in eastern Ukraine.
#AceFinanceNews – UNITED STATES – Nov.26 – There are many people out there that believe that the Federal Reserve is an “agency” of the federal government.
But that is not true at all. The Federal Reserve is an unelected, unaccountable central banking cartel, and it has argued in federal court that it is “not an agency” of the federal government and therefore not subject to the Freedom of Information Act. The 12 regional Federal Reserve banks are organized “much like private corporations“, and they actually issue shares of stock to the “member banks” that own them. 100 percent of the shareholders of the Federal Reserve are private banks.
The U.S. government owns zero shares.
Many people also assume that the federal government “issues money”, but that is not true at all either. Under our current system, what the federal government actually does is borrow money that the Federal Reserve creates out of thin air. The big banks, the ultra-wealthy and other countries purchase the debt that is created, and we end up as debt servants to them. For a detailed explanation of how this works, please see my previous article entitled “Where Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not Understand“. When it is all said and done, the elite end up holding the debt instruments and we end up being collectively responsible for the endlessly growing mountain of debt. Our politicians always promise to get the debt under control, but there is never enough money to both fund the government and pay the interest on the constantly expanding debt.
So it always becomes necessary to borrow even more money.
When it was created back in 1913, the Federal Reserve system was designed to create a perpetual government debt spiral from which it would never be possible to escape, and that is precisely what has happened.
Forty years ago, the U.S. national debt was less than half a trillion dollars. Today, it has exploded up to nearly 18 trillion dollars…
#AceFinanceNews – UNITED STATES – Nov.26 – The Justice Department is investigating whether an HSBC employee may have leaked confidential information to a hedge fund, Dow Jones reported.
According to the report, the alleged leak occurred while the bank was advising Prudential “on a huge acquisition and was working on a related multi-billion-dollar currency transaction.”
HSBC self-reported the alleged incident to U.S. and British authorities, Dow Jones said.
#AceFinanceNews – AUSTRALIA (Brisbane) – Nov.16 – In a vain hope of jump-starting a lethargic economy, and bringing it back from the dead.
It was agreed by G-20 nations on Sunday to finalize a plan to boost global GDP by more than $2 trillion over five years AP reported.
The fanfare, however, was overshadowed by tensions between Russian President Vladimir Putin and Western leaders.
The communique from the Brisbane summit of Group of 20 wealthy and emerging nations revealed that the plan for jumps-starting growth includes investing in infrastructure, increasing trade and the creation of a global infrastructure hub that would help match potential investors with projects.
#AceFinanceNews – This is higher than l thought!