Archiv: credits / loans (bank monopoly)


20.04.2021 - 20:06 [ SPglobal.com ]

Volatility in store for Chad’s oil industry after president’s death

Despite its oil wealth, Chad has been facing an enormous debt burden. Global Commodity trading house Glencore is one of the largest creditors to Chad through an oil-for-cash loan. Last year, the Chadian government requested that Glencore suspend payments on its oil-for-cash loan. The oil producer now also relies on oil-for-cash loadings from Chinese creditors.

Chad holds around 1.5 billion barrels of proven oil reserves, according to BP’s Energy Outlook 2020, making it the 10th-largest oil reserve holder in Africa. Oil accounts for almost 90% of the country’s export revenues.

24.11.2020 - 19:50 [ Ayanna Pressley, Abgeordnete im US Repräsentantenhaus / Twitter ]

That’s right @briebriejoy „3 million people over the age of 60 are still paying on student loans.“

We all should be gasping. This debt is choking trillions, it is a crisis & demands urgent, bold action. The Biden-Harris Admin can cancel student debt Day 1 via Exec Order.

02.05.2020 - 11:52 [ CBS News ]

Nearly 4 million homeowners are no longer paying their mortgages

Nearly 4 million people, or just over 7% of mortgage holders, have sought relief on their home loans as of April 30, according to housing data provider Black Knight. That’s up sharply from the beginning of March, when fewer than 150,000 mortgages were in forbearance.

The number is only expected to grow, with May payments due soon and with the nation’s unemployment rate expected to reach 15% to 20%.

29.04.2020 - 19:14 [ CherryMedia CCTV / Youtube ]

Comedian Vic DiBitetto goes on an epic rant over government checks and mortgage payments

(23.04.2020)

The four-and-a-half minute rant has received over 1,600,000 views on YouTube, 158,000 likes on Reddit,

29.04.2020 - 18:59 [ The Hill / Twitter ]

Rep. @AOC : „Here’s the path to canceling rent — we’re going to lay it out right here. WATCH: @RepAOC lays out a method by which rent and mortgages can be suspended to help both renters and mom and pop landlords.

29.04.2020 - 18:58 [ MPRNews.org ]

3.4M homeowners skip payments; many are scared, say Congress needs to act

„They told me, yes, you can skip three months‘ payments,“ Gullo says. „But then they told me there was a balloon payment at the end of it.“ He was told that after three months, they’d have to come up with all the money for those skipped payments. So they’d suddenly owe four months of mortgage payments all at once — $14,000.

29.04.2020 - 18:42 [ Washington Post ]

The U.S. plans to lend $500 billion to large companies. It won’t require them to preserve jobs or limit executive pay.

Democrats asked for restrictions on how companies can use the money from the central bank’s bond purchases but were rebuffed by the administration during negotiations about the Cares Act, said a spokesman for Senate Minority Leader Charles E. Schumer (D-N.Y.).

23.04.2020 - 16:46 [ theGuardian.com ]

Clashes predicted over trillion-euro Covid-19 aid as EU meets online

European Union leaders are expected to clash over the size and scope of a coronavirus recovery fund as they stand on the precipice of an economic slump unparalleled since the 1930’s Great Depression.

10.04.2020 - 09:04 [ Nuno Rafael Gomes / Twitter ]

In a nutshell, #EU’s „help“ to fight #COVIDー19:

– Only credit lines (#loans)
– No mutualised debt (#Eurobonds)
– No currency issued to countries (#monetary #sovereignty)
– Free money for financiers, not the real economy
– Skyrocket the #debt/#GDP ratio => more #austerity soon.

08.04.2020 - 08:41 [ Ansa.it ]

Swift EU deal needed or ‚we all collapse‘ says Di Maio An

The Eurogroup is trying to find a compromise between Italy, France and Spain, on the one hand, who want ‚coronabonds‘, and northern deficit hawks like the Netherlands, Denmark and Finland who advocate the use of the European Stability Mechanism (ESM), rejecting any mutualizing of debt.

06.04.2020 - 16:05 [ The European Post / Twitter ]

Ahead of the #Eurogroup, Italian Minister of EU Affairs @amendolaenzo repeats Italy’s NO to the ESM.

06.04.2020 - 15:58 [ Ansa.it ]

Italy irked after EU rejects coronabonds: ‚They want us to get in debt so they can punish us‘ – Patuanelli

(27.03.2020)

Italy was irked after an EU summit rejected the idea of ‚coronabonds‘ to fund measures to offset the economic impact of the coronavirus

06.04.2020 - 15:52 [ Auswärtiges Amt ]

„A response to the corona crisis in Europe based on solidarity“

Article by Heiko Maas, Federal Minister of Foreign Affairs, and Olaf Scholz, Federal Minister of Finance, on the corona crisis in Europe. Published April 6th, 2020, in different language versions in Les Echos (France), La Stampa (Italy), El País (Spain), Público (Portugal) and Ta Nea (Greece).

03.04.2020 - 20:08 [ Yahoo.com ]

Dutch PM prefers a ‚gift‘ to a loan for European coronavirus support

He said he would also prefer setting up a new support fund rather than having countries use the European Stability Mechanism (ESM).

„If you do (support) from the ESM, then it’s a loan and a loan must be paid back,“ he said. „If you do it as a gift, then it’s: ‚Listen, you guys have been hit hard, but together with a number of wealthier countries, we’re prepared to bear the direct costs of the coronavirus crisis‘.“

27.03.2020 - 18:05 [ courier-journal.com ]

Trump calls for ousting GOP congressman from party ahead of coronavirus relief vote

„Looks like a third rate grandstander named (Thomas Massie), a congressman from, unfortunately, a truly GREAT state, Kentucky, wants to vote against the new Save Our Workers Bill in Congress,“ Trump tweeted early Friday.

Massie’s office did not immediately respond to a request for comment, but the congressman signaled he was moving forward despite bipartisan calls to forgo calling for a roll call vote.

27.03.2020 - 17:55 [ Thomas Massie, Abgeordneter im US Repräsentantenhaus / Twitter ]

(8/11) This bill creates even more secrecy around a Federal Reserve that still refuses to be audited. It allows the Federal Reserve to make decisions about who gets what, how much money we’ll print. With no transparency.