Submitted by Tyler Durden on 06/16/2015 - 15:31
Caught between a recalcitrant Left Platform and exasperated creditors, Greek PM Alexis Tsipras must decide how he wants history to remember his tenure as Prime Minister. Either he will be the leader who allowed Greece to crash out of the euro on its way to a redomination-driven economic collapse, or he will go down as the fiery advocate for change who caved under pressure and allowed the troika to stamp out democracy in the place where it was born.
The Two Contending Visions Of World Government
Submitted by Tyler Durden on 06/16/2015 - 22:30 U.S. President Barack Obama’s proposed ‘Trade’ deals are actually about whether the world is heading toward a dictatorial world government - a dictatorship by the hundred or so global super-rich who hold the controlling blocks of stock in the world’s largest international corporations - or else toward a democratic world government - which will be a global federation of free and independent states, much like the United States was at its founding, but global in extent. These are two opposite visions of world government; and Obama is clearly on the side of fascism, an international mega-corporate dictatorship... What’s at stake here is nothing less than whether the future of the United States, and perhaps even of the world, will be democracy, or else fascism.
How To Find What Country A Euro Note Is From
Submitted by Tyler Durden on 06/16/2015 - 22:01 German notes begin with an X, while Greek notes start with a Y. Spain is V, France U, Ireland T, Portugal M and Italy S. Belgium is Z, Cyprus G, Luxembourg 1, Malta F, Netherlands P, Austria N, Slovenia H, Slovakia E and Finland L.
JPM's Walk Through What Greek Capital Controls Would Look Like
Submitted by Tyler Durden on 06/16/2015 - 20:45 "One particularly ugly scenario would be if the Greek authorities resist the imposition of capital controls, claim that restrictions on bank access to liquidity have been unjustly imposed, and then seek to use the antipathy that creates among the Greek population to begin to argue toward an exit from the euro. This is a scenario we have accorded a low probability to, on the grounds that it is not clear that the Greek population would follow the script and regard the situation as primarily the responsibility of the rest of the region. But the increasingly hot rhetoric has us more concerned about this than we have been hitherto."
What Happened The Last Time The Fed's Balance Sheet Hit 25% Of GDP
Submitted by Tyler Durden on 06/16/2015 - 17:46 From the first rate hike by a Fed whose balance sheet as a % of GDP was nearly identical to the current one, to the start of World War II: less than three years.
Prisons Without Walls: We're All Inmates In The American Police State
Submitted by Tyler Durden on 06/16/2015 - 21:30 “It is perfectly possible for a man to be out of prison and yet not free - to be under no physical constraint and yet be a psychological captive, compelled to think, feel and act as the representatives of the national state, or of some private interest within the nation wants him to think, feel and act... To him the walls of his prison are invisible and he believes himself to be free.” - Aldous Huxley,
This Is The US Government, Hard At Work
Submitted by Tyler Durden on 06/16/2015 - 21:22 S. 1315 would allow people to possess knives in states where they are illegal if the person is travelling to and from states where the knife is legal, if the knife is secured, or if the knife is a safety blade designed for cutting seatbelts. Based on information provided by the Department of Justice and the Federal Trade Commission, CBO estimates that implementing S. 1315 would have no effect on the federal budget. Because enacting S. 1315 would not affect direct spending or revenues, pay-as-you-go procedures do not apply.
Chinese Corporations Become Stock Speculators, Joining Housewives, Banana Vendors
Submitted by Tyler Durden on 06/16/2015 - 21:00 "Chinese companies are finding stock investing an attractive option as the wider economy struggles with tepid demand, excess industrial capacity, persistently high borrowing costs and other troubles. Their interest poses a challenge for policy makers, who want to nurture markets companies can tap for investment capital, rather than creating a venue for speculation," WSJ reports.
The Warren Buffett Economy, Part 5: Why Its Days Are Numbered
Submitted by Tyler Durden on 06/16/2015 - 19:30 Today’s style of heavy-handed monetary central planning destroys capitalist prosperity. Real capitalism cannot thrive unless inventive and enterprenurial genius is rewarded with outsized fortunes. Warren Buffett’s $73 billion net worth, and numerous like and similar financial gambling fortunes that have arisen since 1987, are not due to genius; they are owing to adept surfing on the $50 trillion bubble that has been generated by the central bank Keynesianism of Alan Greenspan and his successors.
from RonPaulLibertyReport:
Is a recent House vote to prohibit funding for Ukraine’s openly Nazi Azov Battalion just a cosmetic move to avoid US embarrassment? The policy has NOT changed.
Is a recent House vote to prohibit funding for Ukraine’s openly Nazi Azov Battalion just a cosmetic move to avoid US embarrassment? The policy has NOT changed.
by Keith Weiner, Gold Seek:
The stories are all over the Internet. Governments are forcing us into
a cashless society. Supposedly the pretext is terrorism, and the real
reason is to take more control. No doubt more power appeals to
politicians, and banning cash seems like the next step after mandatory
reporting of cash transactions. However, I think there is a more serious
driver than simple power lust.
A more compelling case is that cash banning is the logical follow up to bail-ins. Most people think a bail-in is when banks steal your deposit. So it seems to make sense that governments want to force people to keep their cash in the bank. Then they are easy meat for the next bail-in.
Read More @ GoldSeek.com
The stories are all over the Internet. Governments are forcing us into
a cashless society. Supposedly the pretext is terrorism, and the real
reason is to take more control. No doubt more power appeals to
politicians, and banning cash seems like the next step after mandatory
reporting of cash transactions. However, I think there is a more serious
driver than simple power lust.A more compelling case is that cash banning is the logical follow up to bail-ins. Most people think a bail-in is when banks steal your deposit. So it seems to make sense that governments want to force people to keep their cash in the bank. Then they are easy meat for the next bail-in.
Read More @ GoldSeek.com
“The SDR has the features and potential to act as a super-sovereign reserve currency.”
Although you probably didn’t hear about it at the time, those words may very well be quoted by future monetary historians as the real beginning of the first truly global currency. They were penned by Zhou Xiaochuan, the Governor of the People’s Bank of China, on March 23, 2009 in an essay entitled simply “Reform the international monetary system.”
Savvy readers will already understand the context and significance of that comment, but just to bring everyone up to speed the London G20 summit was held on April 2, 2009, just one week after Xiaochuan’s essay was released. You know, the “Summit on Financial Markets and the World Economy” that was held in the wake of the 2008 Lehman Brothers collapse? The one that was meant to kickstart discussions on re-ordering the global economy in the wake of this “crisis of capitalism” that nearly destroyed the planet? The one where the newspaper headlines were blaring “New World Order to Save Earth”? The one where the leaders resolved to “fund and reform our international financial institutions” and “promote global trade and investment” as the answer to the crisis they created? Yeah, that one.
Read More @ The International Forecaster
We’ll circle back to the first strike later. Let’s frame the problem:The War on Cash: Charles Hugh Smith brings clarity to the issue:
“Why are governments suddenly so keen to ban physical cash? The answer appears to be that the banks and government authorities are anticipating bail-ins, steeply negative interest rates and hefty fees on cash, and they want to close any opening regular depositors might have to escape these forms of officially sanctioned theft. The escape from bail-ins and fees on cash deposits is physical cash, and hence the sudden flurry of calls to eliminate cash as a relic of a bygone age—that is, an age when commoners had some way to safeguard their money from bail-ins and bankers’ control.”
Read More @ GoldSilverWorlds.com
Rise in Volatility has just put precious metals back in demand. As
equity volatility persists, the price of gold has been unable to shrug
off its correlation with the US dollar. Investors have now begun to look
for safer options to put their money in.The rise in the number of jobs in the US, as well as the government bond yields has had a direct impact on the price of gold.
However, as Greece still looms on the horizon and other asset classes offer very little protection, investors have turned their eyes towards gold and other precious metals again.
Read More @ SecularInvestor.com
For some time, food chain Whole Foods Market and organic farmers have
had a cooperative, mutual relationship. The retail grocer has enabled
organic farmers to gain a sizable foothold in the food market at a time
when Americans’ passion for healthier alternatives to the GMO-laden,
processed foods market is rising.As The New York Times reported, Whole Foods’ stores were more like “showcases” for organic products – fruits, vegetables and flowers that are labeled with the names of the farmers who grow them.
However, this mutually beneficial relationship is beginning to fade, thanks in large part to changes by Whole Foods as it faces new competition from other mainstream grocer chains and organic farmers are able to find additional markets for their produce.
Read More @ NaturalNews.com
"We're Not All Equal When It Comes To Water": Rich Californians Blast Conservation Efforts
Submitted by Tyler Durden on 06/16/2015 - 19:00 "People should not be forced to golf on brown courses...""What are we supposed to do, just have dirt around our house?!"
from BPEarthWatch:
from Paul Craig Roberts:
Syriza, the new Greek government that intended to rescue Greece from
austerity, has come a cropper. The government relied on the good will of
its EU “partners,” only to find that its “partners” had no good will.
The Greek government did not understand that the only concern was the
bottom line, or profits, of those who held the Greek debt.
The Greek people are as out to lunch as their government. The majority of Greeks want to remain in the EU even though it means that their pensions, their wages, their social services, and their employment opportunities will be reduced. Apparently for Greeks, being a part of Europe is worth being driven into the ground.
Read More @ PaulCraigRoberts.org
Syriza, the new Greek government that intended to rescue Greece from
austerity, has come a cropper. The government relied on the good will of
its EU “partners,” only to find that its “partners” had no good will.
The Greek government did not understand that the only concern was the
bottom line, or profits, of those who held the Greek debt.The Greek people are as out to lunch as their government. The majority of Greeks want to remain in the EU even though it means that their pensions, their wages, their social services, and their employment opportunities will be reduced. Apparently for Greeks, being a part of Europe is worth being driven into the ground.
Read More @ PaulCraigRoberts.org
from Ready Nutrition:
The subject of this article is to help you prepare yourselves for an
emergency…any emergency, in whatever scope. Many of you are already
doing this; however, you may pick up a few useful tips. You may also
have some to contribute in the comments section. I wish to be the
facilitator of a discussion in this article. I wish very much for you
to participate in it. Trust me, I will be taking notes. As I mentioned
in my last articles, it is very important to share information and I
rely on you, the readership, as well.
First things first: always be armed. The ones who do not wish you to be armed are those who are armed. Those who are armed place those who are unarmed into work/death camps or kill them outright. What state do you live in? Do you have open carry laws? Do your homework…and then make your own decision. Here is the ultimate concealed carry law:
Read More @ ReadyNutrition.com
The subject of this article is to help you prepare yourselves for an
emergency…any emergency, in whatever scope. Many of you are already
doing this; however, you may pick up a few useful tips. You may also
have some to contribute in the comments section. I wish to be the
facilitator of a discussion in this article. I wish very much for you
to participate in it. Trust me, I will be taking notes. As I mentioned
in my last articles, it is very important to share information and I
rely on you, the readership, as well.First things first: always be armed. The ones who do not wish you to be armed are those who are armed. Those who are armed place those who are unarmed into work/death camps or kill them outright. What state do you live in? Do you have open carry laws? Do your homework…and then make your own decision. Here is the ultimate concealed carry law:
Read More @ ReadyNutrition.com
by Mac Slavo, SHTFPlan:
Grab your gold, and hold on!
The financial wizards who have declared precious metals to be a treasure of the past in this interconnected and digital world of currency and trade may have a few things to reconsider.
It is now official – Texas House Bill #483 was passed and signed into law by Gov. Abbott, establishing a Texas Bullion Depository to house billions of dollars in gold owned by Texas’ university investment firm UTIMCO, as SHTF has long reported, and, of course, other interested parties looking for a safer haven than the notoriously corrupt banking sector in New York.
Read More @ SHTFPlan.com
Grab your gold, and hold on!The financial wizards who have declared precious metals to be a treasure of the past in this interconnected and digital world of currency and trade may have a few things to reconsider.
It is now official – Texas House Bill #483 was passed and signed into law by Gov. Abbott, establishing a Texas Bullion Depository to house billions of dollars in gold owned by Texas’ university investment firm UTIMCO, as SHTF has long reported, and, of course, other interested parties looking for a safer haven than the notoriously corrupt banking sector in New York.
Read More @ SHTFPlan.com
by Dave Hodges, The Common Sense Show:
Most people, who are familiar with Jade Helm, understand that it will take a precipitating event (e.g. false flag) in order for the “drill” to go live. And most would agree that the precipitating event will be tied to an economic collapse of the dollar.
When the collapse comes, order will have to be restored, hence, enter Jade Helm. Once America reaches this point, your money will be gone along with the 401K, Roth IRA and all retirement accounts will be confiscated. Jade Helm, or its successor will be needed.
Read More
Most people, who are familiar with Jade Helm, understand that it will take a precipitating event (e.g. false flag) in order for the “drill” to go live. And most would agree that the precipitating event will be tied to an economic collapse of the dollar.
When the collapse comes, order will have to be restored, hence, enter Jade Helm. Once America reaches this point, your money will be gone along with the 401K, Roth IRA and all retirement accounts will be confiscated. Jade Helm, or its successor will be needed.
Read More
China Completes Island Construction, Will Now Build Military Facilities
Submitted by Tyler Durden on 06/16/2015 - 18:10 The Chinese foreign ministry is out with a statement indicating the country has nearly completed its construction projects in the South China Sea. While this could be viewed as a sign that China has effectively backed down, albeit on its own terms and at its discretion, that will likely come as no consolation to the US and its allies because even as China signaled an end to its dredging activities, it also implicitly admitted that it will continue to build military facilities on the islands.filed under White Trash...
"Free Labor" Or "Slave Labor" - Hillary's Unpaid Intern Hypocrisy
Submitted by Tyler Durden on 06/16/2015 - 17:50 What difference does it make? In yet another gross exposure of Hillary hypocrisy, The Guardian reports that the great savior of "everyday Americans", promising to fight for fairness for working Americans; She who proclaims $15 per hour minimum wage is fair for all, is in the midst of a 'hiring freeze' of paid organizing positions, forcing experienced grassroots campaign workers to offer their services for free, unpaid internships. Perhaps, a rephrasing of the campaign slogan should be "do as I say, not as I do."
The Economic Alamo
Submitted by Tyler Durden on 06/16/2015 - 17:30 It’s a common assumption that governments exist in order to serve the people of a country and that in order to do so, they must be accorded the necessary evils of power and taxation. In fact, we believe the opposite is true: that in the perception of those who rule, power and the ability to exact tax are the very purpose of government, and service to the people is merely a justification for that pursuit. This condition is perennial. The world’s tax havens therefore are the economic Alamo - the last holdout against world economic domination.
Well That Was Not Supposed To Happen
Submitted by Tyler Durden on 06/16/2015 - 17:10 The bigger they are the harder they will eventually fail... and the more taxpayer funds will be confiscated to fix them!
Forget Wall Street, Meet "Gall" Street
Submitted by Tyler Durden on 06/16/2015 - 16:50 Presented with no comment...SEC's Mary Jo White "Embodies, Promotes Wall Street-Regulator Revolving Door Policy", New Report Finds
Submitted by Tyler Durden on 06/16/2015 - 16:30
Stocks Up, Bonds Up, VIX Up, Dollar Up, & Oil Up; Time's Up, Fed's Up
Submitted by Tyler Durden on 06/16/2015 - 16:04
The Audacity Of Hope Meets The Veracity Of Data
Submitted by Tyler Durden on 06/16/2015 - 15:50 Hope may be an investing strategy in the short-term, but it is not a driver of economic growth...
Forget The 3:30pm Ramp, Stock Gains Are All About The Night Shift
Submitted by Tyler Durden on 06/16/2015 - 15:10 Just 2 years after we first noted it, the mainstream media has become fascinated with the performance of stocks in the last 30 minutes of the US cash session - the 330 Ramp! But, as with anything that becomes widely known (apart from "never start a land war in Asia" and "stocks are always cheap"), the exuberant last 30 minute ramp has been superseded by another... Welcome to The 2am Europe Open Ramp. As Nanex's Eric Scott Hunsader notes, a stunning 22% of all S&P 500 futures gains have occurred between 2am ET and 3am ET.
As Seen On A German TV Channel For Kids
Submitted by Tyler Durden on 06/16/2015 - 15:01 "Learn about the Grexit early, kids, and don't be like those Greeks or the bogeyman will get you..."
As Greek Bonds & Stocks Crash, Here's Who Keeps Catching The Falling Knife
Submitted by Tyler Durden on 06/16/2015 - 14:50 Greek 10Y yields are breaking back above 13%, bonds ar trading at 50 cents on the dollar, Greek stocks are near multi-decade lows, and Greek bank bonds have collapsed amid the ever-more-likely Grexit (or at least redenomination amid capital controls). But, there are some very smart chaps who must know something Tsipras, Merkel, and the rest of the world does not... because they are spending "Other People's Money" to buy the dip in Greek stocks and bonds. From Allianz and PIMCO (the world's lagest Greek bondholder ex-ECB) to Putnam and Wilbur Ross, it seems more than a few American investors will be impacted should Greece really implode.
According To Bank of America, This Is "The Biggest Risk To Global Equities"
Submitted by Tyler Durden on 06/16/2015 - 14:30 "While most are focused on the risks around a withdrawal of liquidity, we believe the biggest hit to confidence could be the opposite: if another round of US QE is necessary to prop up the economy," BofAML says, suggesting the Fed is now cornered as raising rates risks destabilizing markets and QE4 risks betraying the futility of successive central bank interventions.
Brazil Retail Sales Drop Most On Record, Goldman Warns Will Get Worse
Submitted by Tyler Durden on 06/16/2015 - 14:30 Just a few months ago, we warned Brazil's economy was on the verge of collapse as the fiscal situation was deteriorating rapidly. It appears, judging by the most recent data from the oil-rich nation, that we were right. Broad retail sales have now declined for five consecutive months with the seasonally adjusted broad retail sales index now at the same level as early 2012. Core retail sales declined 3.5% YoY during April (weakest print since Aug 2003) and broad retail sales declined by an even larger 8.5% YoY (lowest on record), and as Goldman warns, the outlook for private consumption and retail sales in the near term remains very weak.
The Second Nuclear Arms Race Arrives: Russia Will Add 40 ICBMs In 2015 In Response To "NATO Encroachment"
Submitted by Tyler Durden on 06/16/2015 - 13:56 With the US and Russia in a state of (renewed) cold war for over a year now, it was inevitable that that "other", far more important attribute of the first Cold War would soon return: the nuclear arms race. And indeed it did just around dinner time in Russia today when speaking at an arms race fair, president Putin said that Russia will put more than 40 new intercontinental ballistic missiles into service in 2015 as part of a wide-reaching program to modernize the military.
What's The Real Unemployment Rate In The US?
Submitted by Tyler Durden on 06/16/2015 - 13:10 Officially, the unemployment rate in the U.S. is 5.6%, meaning 5.6% of the work force is temporarily out of a job and actively seeking another one. But these do not feel like good times for most households, despite the low unemployment rate. By our reckoning, roughly 60% of the civilian work force is fully employed and 40% are marginally employed or unemployed.
Forget "Happy Endings" - One Bank Sees Greek "Disorderly Default" As The Most Likely Outcome
Submitted by Tyler Durden on 06/16/2015 - 12:55 With the S&P 500 2% off record highs, we are sure talking-heads will proclaim "any Greece actions are more than priced in," but as Bank Safra's chief economist Karsten Junius warns, forget happy endings, "Disorderly Default" is now the most likely outcome for Greece./
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