Latest Greek Negotiations Fall Apart; Risk Slides After Greece Says "Won't Take Orders On Bailout"

Submitted by Tyler Durden on 02/16/2015 - 12:02
UPDATE: *EU FINANCE MINISTERS' TALKS WITH GREECE OVER FOR TODAY, GREECE SAYS WON'T TAKE ORDERS ON BAILOUT
That didn't last long. It seems - just as earlier in the week - the ability for either side in this Euro-system death match game of chicken to find any common ground to even start negotiations remains lost: GREEK GOVT OFFICIAL SAYS THAT "THERE CANNOT BE A DEAL TODAY", EUROGROUP DISCUSSED "UNREASONABLE", "UNACCEPTABLE" DRAFT TEXT INSISTING ON EXTENDING BAILOUT.  In fact, reports sya that the text presented was a reversal of last Thursday's agreement... The Germans are now calling for Tsipras to replace Varoufakis at the negotiating table. EURUSD is tumbling and S&P Futures are falling fast.

Greece: What Happened Today, And What Happens Next

Submitted by Tyler Durden on 02/16/2015 - 21:23 Ultimately, then, we are still left with the same three-step process to reach a conclusion to the Greek crisis.

• Step 1 consists of a request for a new program or an application for a 3rd ESM program with Greece committing to some a prior conditionality.
• Step 2 consists of negotiating the substance around this conditionality, in particular the prior actions that would need to be fulfilled to disburse funding to Greece.
• Step 3 would consist of passing such prior actions through the Greek parliament and ultimately servicing Greece's loan obligations.

The more each of these steps is delayed, the shorter the timespans available and the greater the risks of failure.

Obama’s Force Authorization: Blank Check for War Worldwide — Ron Paul

from Vision Liberty:


The president is requesting Congress to pass an authorization for the use of military force (AUMF) resolution against ISIS. Congress has not issued a similar resolution since 2002, when President Bush was given the authority to wage war against Iraq. The purpose of this resolution is to give official authority to the president to do the things that he has already been doing for the past six years.

World War 3, The Big Prize, & Europe's Gigantic Debt Minefield

Submitted by Tyler Durden on 02/16/2015 - 20:50 In case anyone didn’t get ISIL’s message from their latest video in which 21 Egyptian Coptic Christians have their heads sawn off, here it is: “We’re executioners, not warriors.” The Big Prize, of course, is the grand fortress of Saudi Arabia. The kingdom is surrounded by Islamic maniacs now and if Saudi Arabia falls apart, it’s game over for modern life as the West has known it (and much of Asia now, too). But Europe is a gigantic debt minefield that no one can really walk across. Other parts of it than Greece are just waiting to blow up, and will, and it’s unclear whether Europe is even paying attention to the blood-red welcome mat that was laid out in Libya last weekend.

Hans-Werner Sinn: "Impose Capital Controls In Greece Now To Avoid Another Cyprus"

Submitted by Tyler Durden on 02/16/2015 - 20:14 There is a saying: "strike while the rehypothecated iron is hot", and nobody is better at it than Germany, which hours after the latest disappointing Eurogroup summit failed - again - to reach a solution on the third iteration of the Grexit dilemma, has decided to pour even more gas on the fire in the form of infamous Euroskeptic, the president of the Ifo Institute for Economic Research, Hans-Werner Sinn who in an FT op-ed beckons someone, supposedly Europe's federalist, if non-existant, powers which in the mind of the German have control over Greek sovereignty, to immediately 'impose capital controls in Greece or repeat the mistake of Cyprus."

STOCK UP on GUNS & AMMO NOW

from DEMCAD:


Don’t say that I’ve never warned you. Smart gun owners stock up on ammo when the prices are low and stay out of the market when panic is in full swing.

 
 

Moscow-Based Security Firm Reveals What May Be The Biggest NSA "Backdoor Exploit" Ever

Submitted by Tyler Durden on 02/16/2015 - 19:41 In a world in which the NSA's fingerprints are already on every form of electronic communication and information exchange, the latest revelation - conveniently presented by a Russian-based security firm - may have just implicated the US digital supespy agency in the biggest "backdoor" infiltration scandal of all time... and with it crushed the future revenue potential of countless US technology corporations.

 

CEO Of Rosneft Compares Oil Market Manipulation Which "Doesn't Reflect Reality" To Gold Price Rigging

Submitted by Tyler Durden on 02/16/2015 - 19:33 "In today’s distorted oil markets, prices do not reflect reality. They are driven instead by financial speculation, which outweighs the real-life factors of supply and demand. Financial markets tend to produce economic bubbles, and those bubbles tend to burst. Remember the dotcom bust and the subprime mortgage crisis? Furthermore, they are prone to manipulation. We have not forgotten the rigging of the Libor interest rate benchmark and the gold price."
- Igor Sechin, CEO of Rosneft
 

Ron Paul Warns "US Militarism Will End One Way Or Another..."

Submitted by Tyler Durden on 02/16/2015 - 19:25 This militarism will end one way or the other. Either enough Americans will wake up and demand an end to Washington’s foreign adventurism, or we will go broke and be unable to spend another fiat dollar on maintaining the global US empire.
 
 

Redlined Comparison Of The Eurogroup Draft Varoufakis Was Ready To Sign, And The Draft He Rejected

Submitted by Tyler Durden on 02/16/2015 - 18:25 What exactly was the reason for the Greek disagreement? Now that both the acceptable, pre-revision (source), and rejected, post-revision (source) texts are available, we can find precisely which inserted and deleted words infuriated the Greeks so much. Presenting: the red-line (or rahter blue-line) comparison between the two drafts, none of which was ultimately signed by anyone.

CNN’s Insane Quiz Show

from breakingtheset:

The 'New' Greatest Obama "Error" Ever

Submitted by Tyler Durden on 02/16/2015 - 16:20

 

The Last Time This Happened, US GDP Crashed By 5%

Submitted by Tyler Durden on 02/16/2015 - 15:50 The last time US weather was this bad, annualized US GDP crashed from 2.3% to -2.9%. 

 
 

German Lawmaker Demands All Payments To Greece Be "Immediately Stopped"

Submitted by Tyler Durden on 02/16/2015 - 15:46 Following the reported withdrawal of what Greece deemed as an acceptable draft document to move forward - replaced by an "absurd, unacceptable" draft by EU President Dijsselbloem - it appears the Germans are none too happy. A senior lawmaker from Angela Merkel's Christian Union bloc has demanded that following this 'rejection' of the Eurogroup's plan, all payments to Greece should be immediately stopped. The rift is clearly deepening on both sides...
 

Unlimited War! ISIS Psyop Theater Comes to Full Fruition

by Bernie Suarez, Activist Post:
The CIA and the U.S. Military Industrial Complex have now invested over 6 months of ISIS branding, promotion, and public relations. It was revealed by early January of 2015 that the U.S. had already dumped over one billion dollars to fight ISIS. All supposedly invested in failed air strikes and un-televised secret battles against ISIS where the U.S. ends up attacking Syrian targets instead.
The ISIS psyop has been worked on so hard by the architects of the plan that now we are seeing the final desired political goals of the entire operation – an operation which has become more of a global theater. The ISIS psyop theater is now coming to fruition and the globalists are speaking loud and clear about what they want, which is really an admission to why they concocted the ISIS psyop to begin with.
They want the authorization to use “unlimited” military “force” wherever they want, whenever they want and (of course) on WHO-ever they want to use it on. Isn’t this a tyrannical empire’s dream come true? And with this revelation the romance between ISIS and CIA/US/Israel and the other NATO ISIS partners is now fully exposed to anyone willing to see it for what it is.
Read More @ Activist Post

Outrage: Border Patrol Ordered To Release All Illegal Alien Drunk Drivers: “Allow Them to Go On Their Way”

by Mac Slavo, SHTFPlan:
If you are caught driving while intoxicated and happen to be an American citizen then you’re going to be arrested, fined, and potentially jailed – and rightfully so, as by driving under the influence of alcohol or drugs you are putting the lives of others in danger when you drive on public roads.
But, as we’ve come to learn in recent years, if you are an undocumented alien who has entered this country illegally, the laws don’t really apply to you. You not only get to break the law by entering the United States without authorization, but you also get free health care, housing, food and tax refunds even if you falsified your employment paperwork.
Though all of the afformentioned benefits have crossed the line as many hardworking Americans struggle to make ends meet for their own families while also paying for the free ride being given to illegal immigrants, the latest move by the Obama administration is nothing short of outrageous.
Read More @ SHTFPlan.com

 

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