Sunday, June 17, 2012


Forget The Election Results – Greece Is Still Doomed And So Is The Rest Of Europe

The election results from Greece are in and the pro-bailout forces have won, but just barely. It is being projected that the pro-bailout New Democracy party will have about 130 seats in the 300 seat parliament, and Pasok (another pro-bailout party) will have about 33 seats. Those two parties have alternated ruling Greece for decades, and it looks like they are going to form a coalition government which will keep Greece in the euro. On Monday we are likely to see financial markets across the globe in celebration mode. But the truth is that nothing has really changed. Greece is still in a depression. The Greek economy has contracted by close to 25 percent over the past four years, and now they are going to stay on the exact same path that they were before. Austerity is going to continue to grind away at what remains of the Greek economy and money is going to continue to fly out of the country at a very rapid pace. Greece is still drowning in debt and completely dependent on outside aid to avoid bankruptcy. Meanwhile, things in Spain and Italy are rapidly getting worse. So where in that equation is room for optimism?
Read More @ TheEconomicCollpaseBlog.com

 

 

The Tiresome Eurozone Soap Opera Has Entered Re-Runs

What's more tiresome than a hastily rehearsed soap opera that replays the same boring plots again and again? Re-Runs of that soap opera. The Eurozone "drama" is now in re-runs and I for one am switching channels. Nothing will change until some critical part of the worm-eaten, corrupt construct of artifice and denial collapses in a heap. Until then, all we have is replays of the same boring plot lines:
Put-upon Greece: We were just minding our business here in the sunny south, living happily on borrowed billions in a thoroughly corrupt Status Quo, and suddenly we're debt-serfs squeezed by rapacious Eurozone enforcers of the banking cartel. What did we do to deserve this? It's not fair.
Put-upon Germany: We were just minding the store here, racking up 40% of our GDP in exports and raking in bank profits loaning money to our Eurozone compatriots, when suddenly everyone who's lived beyond their means demands that we refinance their debts because we're rich. Excuse us, but did anyone look at how we got rich? Hard work, cuts in spending, high taxes and a tight lid on wages. What did we do to deserve this? It's not fair.
Married couple in counseling: France and Germany: It's all his/her fault. They never bothered to understand me, etc.



Aftermath Of Greek Elections & How It Will Affect Investors

from KingWorldNews:
With many investors wondering what to expect in the aftermath of the Greek elections, today 40 year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the United States. Here are Fitzwilson’s observations: “Investors and savers alike are transfixed on the election in Greece. The headline issues were whether or not Greece would retain the Euro, stay in the eurozone, return to the drachma, default on the debt owed to European entities or a combination of the above. We believed those outcomes were secondary to the much more important issues.
Fitzwilson continues @ KingWorldNews.com


Central Banksters Cry: “We rigged this election and all we got was a 70 point Dow Futures bounce!”

from John Galt FLA:
Uh, someone with some money realizes that this is becoming a joke. In the old days, a rigged election or leak about “coordinated bailout” would cause the futures to skyrocket some 300-500 Dow points. Here they are getting “their boy” into office in Athens and this is all they got?
Perhaps someone actually looked at a map and realize that Ireland, Hungary, Portugal, Spain, and Italy are still on the “oh hell no we’re all going to die” map also. That and the fact that Greece still will never be able to pay everything back.


Russia flies anti-air, anti-ship missiles to Assad as its fleet heads to Tartus

from Debka.com:
Moscow is using the time up until Russian President Vladimir Putin faces US President Barack Obama across the G20 conference table in Los Cabos, Mexico Sunday, June 17 – or in its corridors – to ship sophisticated arms to Syria able to prevent a no-fly zone and a fleet of warships to the Mediterranean port of Tartus.
While Pentagon sources Friday disclosed the approach of a “small contingent” of Russian warships to Tartus, debkafile’s military and intelligence sources have discovered that heading for the Russian base at this Syrian port is a Russian fleet that includes Ropucha-toad or Project 775 class landing-craft carrying Russian marines. Each craft can carry 250 marine personnel and 500-ton armored vehicles.
And flying overhead are Russian air transports that are touching down at Syrian air bases bearing, according to our sources, a variety of sophisticated munitions for the Syrian army: advanced Russian Pantsyr-S1 anti-air missiles capable of hitting fighter-bombers flying at an altitude of 12 kilometers and cruise missiles; self-propelled medium range anti-air Buk-M2 missiles (NATO codenamed SA-11). They are capable of downing aircraft flying at an altitude of 14 kilometers and Mach 32 speed; and shore-based Bastion anti-ship missiles which can reach vessels sailing 300 kilometers out to sea.
Read More @ Debka.com


LISTEN NOW – Gold $3,000 – $5,000 in 12 Months & More – Egon von Greyerz

from KingWorldNews:
Egon von Greyerz (EvG): Founder and Managing Partner of Matterhorn Asset Management AG & GoldSwitzerland. Since the 1990s Egon von Greyerz has been actively involved with financial investment activities including Mergers and Acquisitions and Asset allocation consultancy for private family funds. This led to the creation of Matterhorn Asset Management -MAM an asset management company based on wealth preservation principles. MAM is part of the Aquila Group, Switzerland’s largest independent asset management group. EvG makes regular media appearances on CNBC, BBC, etc. and publishes articles on the world economy and wealth preservation.
LISTEN NOW @ KingWorldNews.com



Mark Skousen on FreedomFest 2012: Finding Freedom in an Unfree World

Daily Bell: Hello again. Thanks for sitting down with us. It’s almost time for FreedomFest again this year. Why don’t you fill our readers in on FreedomFest generally, the nuts and bolts of this year’s event and why you believe this is the most important FreedomFest in the history of your conferences?
Mark Skousen: Thanks for contacting me again. Our political, financial and personal liberties are slowly but surely being squeezed, with dire consequences. Due to one series of government-induced crises after another, our world is facing more and more instability and controls, and losses of wealth and freedom. “Mandated” and “prohibited” are the two watchwords of today.
What to do? I’ve felt for some time the need for everyone in the freedom movement to gather together once a year (actually physically meeting in one location, not just emailing, texting, blogging or tweeting) to learn what’s really going on in Washington and around the world, to network and create bridges with like-minded individuals, to develop ways to counter our losses, to rebuild our standard of living and finally, to celebrate our freedoms, or what is left of them – and maybe even turn the tide away from the growing welfare-warfare state.
Read More @ TheDailyBell.com



Updates & Progress of the Usage of Silver Dirham and Gold Dinar

This just in from our friend Dean Arif, Program Director of Dinihari Dinar in Kuala Lumpur, Malaysia. Dean sent us the following videos which help quantify the progress being made throughout the region to give the population physical gold and silver alternatives to fiat currency.
You can see our pal Dean in the first clip at :38 seconds in, giving a lecture on the fractional reserve banking system.
Despite the endless mainstream media and Pentagon propaganda which demonizes much of the Islamic world, videos like these are wonderful to see because they remind us that all over the world people are people, and just like us – they long to live their lives in peace, free from the chains of the fiat Banksters.


Part 2 




Bank Holiday

from wepollock:






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