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Current Economic Collapse News Brief – Episode 687

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Current Economic News Brief
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In this news brief we will discuss the latest news on the economic collapse. We look to see if things are really that different. The central bank will not stop at just confiscating your wealth they will want your life. They want to enslave the people.

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Please check the Sentinel Alerts for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. If you haven’t already, go to “The People” and join the community of people who are helping each through the economic collapse.


Current News – 06.06.2015


Economy

Greek PM rejects ‘absurd’ offer from lenders, delays IMF payment

  • Greek Prime Minister Alexis Tsipras on Friday spurned “absurd” terms of proposed aid from lenders
  • The Greek government cannot consent to absurd proposals,” Tsipras told parliament. 
  •  the lenders’ proposal crosses many of Tsipras’s ‘red lines,’ including hiking taxes, privatizing strategic assets and cutting benefits for poor pensioners.

Source: reuters.com

Greece Explores BRICS Development Bank Membership

  •  Greece is considering membership in the BRICS New Development Bank (NDB), Greek Deputy Defense Minister  said 
    Russia invited Greece to become the bank’s sixth member on May 11, but
  • “Greece’s bilateral agreement with BRICS countries has to do with what Greece and the BRICS countries are talking about on the question of development projects within Greece,” Isychos told Sputnik.

Source: sputniknews.com


Rights

The Online Privacy Lie Is Unraveling

  • A new report into U.S. consumers’ attitude to the collection of personal data has highlighted the disconnect between commercial claims that web users are happy to trade privacy in exchange for ‘benefits’ like discounts
  • The report, entitled The Tradeoff Fallacy: How marketers are misrepresenting American consumers and opening them up to exploitation, is authored by three academics from the University of Pennsylvania, and is based on a representative national cell phone and wireline phone survey of more than 1,500 Americans age 18 and older who use the internet or email “at least occasionally”.
  • Key findings on American consumers include that —
  • 91% disagree (77% of them strongly) that “If companies give me a discount, it is a fair exchange for them to collect information about me without my knowing”
  • 71% disagree (53% of them strongly) that “It’s fair for an online or physical store to monitor what I’m doing online when I’m there, in exchange for letting me use the store’s wireless internet, or Wi-Fi, without charge.”
  • 55% disagree (38% of them strongly) that “It’s okay if a store where I shop uses information it has about me to create a picture of me that improves the services they provide for me.”
  • The report also flags up that large numbers (often a majority) of U.S. consumers are unaware of how their purchase and usage data can be sold on or shared with third parties without their permission or knowledge — in many instances falsely believing they have greater data protection rights

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