Submitted by Tyler Durden on 07/19/2015 - 13:15 "Greek banks expect long queues ... when they reopen on Monday for the first time in three weeks, although withdrawals will still be limited and capital controls will remain," Reuters reports, adding that "Greeks will be able to withdraw 420 euros a week at once instead of just 60 euros a day". Clearly, this is about managing perception. The only way that €420 per week is different than €60 per day is that it will front-load the bank queues on Mondays and thus create a false impression of calm throughout the remainder of the week.
from The Sleuth Journal:
Eurozone finance ministers continue meeting in Brussels on bailout
terms Greece offered – practically everything asked for, what no
responsible government would agree to.
Leaked word is it’s not enough. Saturday talks ended inconclusively. They resumed Sunday.
A scheduled summit of all 28 EU leaders to follow was cancelled. European Council president Donald Tusk said 19 Eurozone leaders will meet instead until talks with Greece conclude.
Greece’s Finance Minister Euclid Tsakalotos was apparently told deeper “reforms” are wanted to consider a third bailout.
Read More @ Thesleuthjournal.com
Eurozone finance ministers continue meeting in Brussels on bailout
terms Greece offered – practically everything asked for, what no
responsible government would agree to.Leaked word is it’s not enough. Saturday talks ended inconclusively. They resumed Sunday.
A scheduled summit of all 28 EU leaders to follow was cancelled. European Council president Donald Tusk said 19 Eurozone leaders will meet instead until talks with Greece conclude.
Greece’s Finance Minister Euclid Tsakalotos was apparently told deeper “reforms” are wanted to consider a third bailout.
Read More @ Thesleuthjournal.com
Portugal’s Debts Are (Also) Unsustainable
Submitted by Tyler Durden on 07/19/2015 - 09:32 Everyone seems to be focusing on Greece these days – a country so indebted that it needs even more loans to repay just a fraction of its gigantic credits. Clearly this is unsustainable and something has to give. Even the IMF agrees. But what about the other Southern European countries? Actually, Portugal’s financial situation is looking particularly shaky, and any hiccups could have serious cross-border repercussions from Madrid all the way to Berlin.
Credit Deflation & Gold
Submitted by Tyler Durden on 07/19/2015 - 14:00 So having acquired substantial quantities of gold for itself and having also ensured it is widely held by its public, the Chinese government is arguably in a more compelling position to encourage a gold revaluation as a means of stabilising her economy in a credit crisis than America was eighty years ago. It will be China's only option, and if the government doesn't go for it, China's middle classes certainly will. This simple fact could override all the geostrategic considerations upon which China-watchers have tended to focus. A gold revaluation would be presented to the world as bound up with China's domestic economic problems, instead of an act aimed at undermining the dollar's reserve status: a solution that is less confrontational than outright disagreement with Western central banks over gold's role in the international monetary order.Obama To Ban Guns From 4.2 Million Social Security Recipients In Massive Gun Grab
from Outsider Club:
Why does this international event (many to choose from) matter to me?
So many investors have asked me that question over the past few weeks.
More specifically, the questions take this form: my portfolio is composed entirely of U.S. stocks, why should I care what happens in Greece or China?
It can be tough to answer quickly, especially in the case of Greece. With a population close to 11 million, Greece is no economic powerhouse, and with GDP for 2015 that should run at about €180 billion, Greece is not even 2% of the size of the $17 trillion U.S. economy.
Read More @ OutsiderClub.com
Why does this international event (many to choose from) matter to me?
So many investors have asked me that question over the past few weeks.More specifically, the questions take this form: my portfolio is composed entirely of U.S. stocks, why should I care what happens in Greece or China?
It can be tough to answer quickly, especially in the case of Greece. With a population close to 11 million, Greece is no economic powerhouse, and with GDP for 2015 that should run at about €180 billion, Greece is not even 2% of the size of the $17 trillion U.S. economy.
Read More @ OutsiderClub.com
China’s four-week-long stock market rout wiped out nearly 30 percent
off the Shanghai Composite Index since its highs of June. To stem those
losses the Chinese government has formulated an interesting hypothesis:
stocks won’t go down if you ban sell orders….Working off this proposition Beijing has ordered shareholders with more than a 5-percent interest to stop selling shares. Directors, supervisors, and senior management personnel are also barred from reducing their holdings.
China has also launched investigations on those it believes engaged in malicious short selling. The threat of imprisonment has proved an effective deterrent to those who may have been contemplating a short in the Chinese markets.
Michael Pento Continues @ KingWorldNews.com
Vice Chancellor and Economics Minister Sigmar Gabriel says Woflgang Schaeuble was wrong to advocate Greece’s temporary exit from the European currency zone as Berlin’s official position.
“Introducing the idea of a Grexit as a German
proposal was, in my view, not reasonable,” Gabriel said in portions
of an interview with Germany’s Zweites Deutsches Fernsehen (ZDF)
television released on Saturday.
Speaking Friday ahead of the German parliament’s vote to approve new
talks with cash-strapped Greece over a third bailout package, Schaeuble
reiterated his support for the so-called Grexit.
The average American today considers comfort their greatest need.
There is no scientific research needed to come to this conclusion. Just
look around you and you’ll see people worried about vacations, going out
to eat, parties, and the list goes on and on. Before I go any further,
realize I have nothing against any of those things; in fact, I enjoy
those comforts as much as the next person. The difference between us– me
and most likely every person reading this website– and the rest of the
world is that we understand that all these niceties are fleeting, and we
have chosen to prepare for the worst. In an instant things can change,
and having the mental aptitude to adjust to hard times or a TEOTWAWKI
event is essential. Although, saying this now when things are easy is
one thing; actually putting that into action when the SHTF becomes much
more difficult. I do not claim to be a psychologist or someone who
completely understands the whole range of human mental capacity, but
what I can give testament to is that throughout my life I have been
under extreme duress, both physically and mentally, and I hope to apply
these circumstances in future events.Read More @ SurvivalBlog.com
Fat Tails & The Invisible Vulnerability Of Markets
Submitted by Tyler Durden on 07/19/2015 - 12:30 "...rising asset prices provide investors confirming evidence that their strategy is good and everything is fine. This induction problem lulls investors into a sense of confidence, and sets the stage for the shock when events turn down. That nonlinearity causes sudden change only adds to the confusion."
Which Is A Bigger "Act Of Faith" - Owning Gold Or Stocks?
Submitted by Tyler Durden on 07/19/2015 - 11:53 The WSJ has released yet another gold hit piece calling it a "pet rock' and gold bugs "subjects of a laboratory experiment on the psychology of cognitive dissonance" just one day after the PBOC reveals it has added the biggest amount of gold in history in order to "ensure security." But the biggest irony is that none other than Citigroup made a far bolder case that it is not the ownership of gold but of stocks that is the ultimate act of faith: "investors remain united in their faith in the central banks – if not for their ability to create growth, then at least in their ability to push up asset prices. And yet the limits of that faith are increasingly on display." So who is right?
Shell Warns, Oil Price Recovery To Take 5 Years
Submitted by Tyler Durden on 07/19/2015 - 11:04 Andy Brown, a top Shell official, said the Anglo-Dutch oil giant forecasts no quick rebound in the average global price of oil, but only a gradual recovery lasting five years. He attributed this sluggishness to a slowdown in China’s economy, leading a drop in demand for fuel, and the continuing oversupply of oil. “It will take several years [for oil prices to recover fully], but we do believe fundamentals will return,” Brown said. “Until such time, we, like other companies, will have to make sure we stay robust.”
Chinese "Bubble Trouble": Why UBS Thinks We're Only "Half Way Through"
Submitted by Tyler Durden on 07/19/2015 - 10:23 The ongoing downshift in property construction will continue to undercut China's demand for commodities, raw materials and machinery, weigh on property as well as mining and industrial investment, and be a drag for overall GDP growth in 2016. The most direct and important channel through which this impact spreads is trade linkages, given China's role as the top exporter and second largest importer in the world.This is a important update the melted reactors at Fukushima are devastating the Pacific Ocean Sea Food Marine Life Birds Whales Mammals . http://www.thenuclearproctologist.org/
Chat room & info by and for the Fukushima Hounds . http://fukushimahounds.freeforums.net/
Pension Shocker: Plans Face $2 Trillion Shortfall, Moody's Says
Submitted by Tyler Durden on 07/18/2015 - 23:20 "Moody’s, which in 2013 began using a lower rate than governments do to calculate future liabilities, has estimated that the 25 largest U.S. public pensions alone have $2 trillion less than they need", Bloomberg reports.
I love growing my own vegetables.
I spend many fulfilling hours outside every summer, tending to my
plants, nurturing my soil, and babying things along, with the birds for
music and a basket full of delicious organic food to show for it each
day.Except this year. This year, my garden is a flop.
Eaten by deer, killed by the heat
It’s pretty embarrassing to admit on my own website that my garden is not doing diddly squat this year. I am normally pretty good at growing food (or just extraordinarily lucky) but this year, circumstances beyond my control have thrown up one challenge after another. First of all, we moved July 1. I started my garden in containers, earlier in the summer, and then transplanted them into my lovely new fenced garden full of raised beds.
Read More @ TheOrganicPrepper.com
from X22Report Spotlight:
from Off Grid Survival:
From seasonal storms and natural disasters to hacking attacks and terrorism, we face more threats on our power grid than ever before. With much of our electrical infrastructure still relying on antiquated equipment and technologies, our power grid has become extremely vulnerable to disruption.
Luckily advances in solar technology has made it possible for everyone to at least have a small emergency solar backup, even if it’s just something that can keep your small electronic devices up and running. These small portable devices are not only great for camping and hiking adventures, but when disaster strikes they can help keep devices like cell phones, small tablets, flashlights, emergency radios, ham radios, and GPS devices up and running.
As these technologies continue to improve and be adopted by the public, prices on emergency solar chargers have continued to drop, making them an affordable addition to anyone’s supply list. Here are some of our favorites.
Read More @ OffGridSurvival.com
From seasonal storms and natural disasters to hacking attacks and terrorism, we face more threats on our power grid than ever before. With much of our electrical infrastructure still relying on antiquated equipment and technologies, our power grid has become extremely vulnerable to disruption.
Luckily advances in solar technology has made it possible for everyone to at least have a small emergency solar backup, even if it’s just something that can keep your small electronic devices up and running. These small portable devices are not only great for camping and hiking adventures, but when disaster strikes they can help keep devices like cell phones, small tablets, flashlights, emergency radios, ham radios, and GPS devices up and running.
As these technologies continue to improve and be adopted by the public, prices on emergency solar chargers have continued to drop, making them an affordable addition to anyone’s supply list. Here are some of our favorites.
Read More @ OffGridSurvival.com
from Western Journalism:
I thought it was very telling this past week that the President of the United States thought it necessary to further fortify himself against the people he serves by putting spikes on the posts around the people’s White House. On a daily basis, we in America are inundated with the magnification of the crimes that are committed by the despots who are supposed to represent us (Numbers 32:23). Yet, if he were serving in the manner that he should be serving, he, like the presidents of the past, could actually walk up and down the streets shaking the hands of those he represents without fear of reprisal.
Read More @ WesternJournalism.com
I thought it was very telling this past week that the President of the United States thought it necessary to further fortify himself against the people he serves by putting spikes on the posts around the people’s White House. On a daily basis, we in America are inundated with the magnification of the crimes that are committed by the despots who are supposed to represent us (Numbers 32:23). Yet, if he were serving in the manner that he should be serving, he, like the presidents of the past, could actually walk up and down the streets shaking the hands of those he represents without fear of reprisal.
Read More @ WesternJournalism.com
MSNBC Tries to Claim Tenn. Terrorist Killed Because he’s a Southern Gun Nut, Not Because He’s Muslim
from Live Leak:
MSNBC’s Andrea Mitchell tried to absolve Islam as a motive for the Tennessee terror attack yesterday by trying to get a classmate of the murderer to say that the killer liked southern culture, guns, and hunting like other southerners do.
MSNBC’s Andrea Mitchell tried to absolve Islam as a motive for the Tennessee terror attack yesterday by trying to get a classmate of the murderer to say that the killer liked southern culture, guns, and hunting like other southerners do.
from ZenGardner:
There’s no doubt about it: actions speak louder than words. However
words also speak loudly when intimately bonded with actions. Otherwise
they remain empty.
If we remain aloof from full engagement our words simply become a commentary on life. And a commentator is one who normally views action as something ‘on the outside’ , thereby feeling disengaged from it. The time for detachedly commentating – or commenting – on the various degrees of global oppression and struggling emancipation – must surely be over.
Read More @ ZenGardner.com
There’s no doubt about it: actions speak louder than words. However
words also speak loudly when intimately bonded with actions. Otherwise
they remain empty.If we remain aloof from full engagement our words simply become a commentary on life. And a commentator is one who normally views action as something ‘on the outside’ , thereby feeling disengaged from it. The time for detachedly commentating – or commenting – on the various degrees of global oppression and struggling emancipation – must surely be over.
Read More @ ZenGardner.com
from Wolf Street:
It was a historic day. Google’s market capitalization jumped
by over $60 billion, enough to bail out Greece for a couple of years,
and handily beating the prior single-day record of $46 billion held by
Apple.
The thrilling event occurred on the news that Google’s second-quarter revenues rose 11% year-over-year – which seems like a lot in a quarter when S&P 500 revenues are expected to shrink – and “net profit” rose 17%, while net earnings per share of its class A common stock inched up a measly 1%, which sent these shares up 16%.
Or maybe it was on the news that Google finally hadn’t disappointed analysts’ expectations. Or rather, that they’d finally lowered their expectations enough to where Google could exceed them.
Read More @ Wolfstreet.com
It was a historic day. Google’s market capitalization jumped
by over $60 billion, enough to bail out Greece for a couple of years,
and handily beating the prior single-day record of $46 billion held by
Apple.The thrilling event occurred on the news that Google’s second-quarter revenues rose 11% year-over-year – which seems like a lot in a quarter when S&P 500 revenues are expected to shrink – and “net profit” rose 17%, while net earnings per share of its class A common stock inched up a measly 1%, which sent these shares up 16%.
Or maybe it was on the news that Google finally hadn’t disappointed analysts’ expectations. Or rather, that they’d finally lowered their expectations enough to where Google could exceed them.
Read More @ Wolfstreet.com
from grindall61 :
THIS IS ONE OF THE MOST SHOCKING VIDEOS YOU WILL EVER SEE. COMMON CORE MANDATES RACISM.
https://www.youtube.com/watch?v=EY___…
THIS IS WHAT IS GOING ON IN AMERICA. WE ARE HEADING INTO AN APARTHEID SOCIETY
https://www.youtube.com/watch?v=bw-h3…
OBAMA EXECUTIVE ORDER FORCES DIVERSITY IN THOUSANDS OF US NEIGHBORHOODS. AGENDA 21.
https://www.youtube.com/watch?v=6_siY…
DISTURBING: US GOVERNMENT PROMOTES RACISM. TRESSY TOSSED OUT OF SCAG FOR FILMING ASKING QUESTIONS..
https://www.youtube.com/watch?v=FglV0…
THIS IS ONE OF THE MOST SHOCKING VIDEOS YOU WILL EVER SEE. COMMON CORE MANDATES RACISM.
https://www.youtube.com/watch?v=EY___…
THIS IS WHAT IS GOING ON IN AMERICA. WE ARE HEADING INTO AN APARTHEID SOCIETY
https://www.youtube.com/watch?v=bw-h3…
OBAMA EXECUTIVE ORDER FORCES DIVERSITY IN THOUSANDS OF US NEIGHBORHOODS. AGENDA 21.
https://www.youtube.com/watch?v=6_siY…
DISTURBING: US GOVERNMENT PROMOTES RACISM. TRESSY TOSSED OUT OF SCAG FOR FILMING ASKING QUESTIONS..
https://www.youtube.com/watch?v=FglV0…
from Washington’s Blog:
See if you can spot the mistake in this activist email I received recently:
“In 2001, the Clinton Administration handed George Bush peace, prosperity, and record budget surpluses. Eight years later, Bush handed Barack Obama two disastrous wars and a global economic crash that destroyed over 8 million American jobs. Now that President Obama has finally brought those jobs back – in the face of vicious GOP opposition – Bush’s brother Jeb is now blaming American workers for not working hard enough. If you’re as outraged as we are, please click here to sign Hillary Clinton’s petition telling Jeb Bush that Americans need a raise, not a lecture.”
OK, it was a trick; there’s more than one mistake. Let’s list a few:
Here are things Bill Clinton is now apologizing for: mass incarceration, Wall Street deregulation, the drug war, and corporate trade agreements. Here are a few of the things he should also be apologizing for: destroying welfare, creating media monopolies, expanding NATO toward Russia, creating a precedent for illegal NATO wars without Congressional or UN authorizations, and 500,000 children killed by sanctions in Iraq.
Read More @ WashingtonsBlog.com
See if you can spot the mistake in this activist email I received recently:
“In 2001, the Clinton Administration handed George Bush peace, prosperity, and record budget surpluses. Eight years later, Bush handed Barack Obama two disastrous wars and a global economic crash that destroyed over 8 million American jobs. Now that President Obama has finally brought those jobs back – in the face of vicious GOP opposition – Bush’s brother Jeb is now blaming American workers for not working hard enough. If you’re as outraged as we are, please click here to sign Hillary Clinton’s petition telling Jeb Bush that Americans need a raise, not a lecture.”
OK, it was a trick; there’s more than one mistake. Let’s list a few:
Here are things Bill Clinton is now apologizing for: mass incarceration, Wall Street deregulation, the drug war, and corporate trade agreements. Here are a few of the things he should also be apologizing for: destroying welfare, creating media monopolies, expanding NATO toward Russia, creating a precedent for illegal NATO wars without Congressional or UN authorizations, and 500,000 children killed by sanctions in Iraq.
Read More @ WashingtonsBlog.com
by Rand Clifford, Veterans News Now:
Actions trump lies. Evidence does not lie . . . so how has the American
public been so brainwashed by lies, in light of so much evidence? Are
Zionists that intelligent, or is the American public that
unintelligent—and how did even that obvious question become a
“third-rail issue”?Totally uncool, our tradition of being outsmarted by Zionists even to the point of “Rothschilding” our descendants’ future.
Is it possible for the American public to think their way out of Zionist enslavement . . . or is Gaza a preview of our future?
There certainly is genius behind creation of the terms, “conspiracy theory,” and, “anti-Semitism.” Mere concepts, these two seem among the highest human inventions in terms of neutralizing independent thought. Both terms are amazingly popular and effective; a function, perhaps, of both being technically meaningless—a reliable Zionist mind-control touch, confusion.
Read More @ Veteransnewsnow.com
Note: Here’s Part 2.
from BPEarthWatch:
It is time to leave America? Is it possible to leave the country and leave with your assets in tow? And where would you go?There are many indicators that tell us that we have totally lost our country. Nowhere is this more evident than it is with what our media is choosing to glorify and so many of our young people are choosing to emulate the trash that the media is putting out.
We Live In a Country That Glorifies What It Used to Call Perversion
You now live in a country where nearly every vaccine contains aborted fetal cell products. Cecile Richards (i.e. the modern day Dr. Mengele, president of the Planned Parenthood Federation of America, defended the organization’s practices of selling aborted fetal body parts. Why isn’t this monster in prison?
Read More
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