Submitted by Tyler Durden on 07/03/2015 - 03:30
As Stalin said, “Those who vote decide nothing. Those who count the vote decide everything.”
According to history books, democracy originated in Greece. Of
course, historians could be mistaken, but this is the prevailing view
among Western populations with enough awareness to be interested to
know.What we are witnessing today, July 2, 2015, is that after 2,500 years in the Western World only the current Greek government is interested in democracy.
Dr. Roberts Audio Interview @ KingWorldNews.com
What It All Comes Down To On Sunday
Submitted by Tyler Durden on 07/03/2015 - 10:55 "Do you think Europe should forgive your debt, check box 'Yes' or 'No'." "No" means a lot of pain now and recovery later. "Yes" means less pain now but no hope of recovery ever. Choose wisely...
The Troika Turns Europe Into A Warzone
Submitted by Tyler Durden on 07/03/2015 - 09:11 There’s no there there. Europeans are completely clueless about what’s happening here in Athens. They can’t see to save their lives that their silence protects and legitimizes a flat out war against a country that is, just like their respective countries, a member of a union that now seeks to obliterate it. Europeans need to understand that the EU has no qualms about declaring war on one of its own member states. And that it could be theirs next time around. Where people die of hunger or preventable diseases. Or commit suicide. Or flee. All Europeans on their TV screens can see the line-ups at ATMs, and the fainting grandmas at the banks, the hunger, the despair. How on earth can they see this as somehow normal, and somehow not connected to their own lives?
Good On You, Greece - But Don’t Waver Now (Part 2)
Submitted by Tyler Durden on 07/03/2015 - 10:19 Earlier this week the embattled Greeks delivered still more body blows to the rotten regime of Keynesian central banking and the crony capitalist bailout state to which it is conjoined. By defaulting on its IMF loan, walking away from the troika bailout program and taking control of its insolvent domestic banking system, Alexis Tsipras and his band of political outlaws have shattered a giant illusion.The Complete Greek Referendum Walk-Thru: When, How, What To Expect; And What Comes Next
Submitted by Tyler Durden on 07/03/2015 - 08:34- WHEN ARE RESULTS DUE?
- WHAT ARE GREEKS BEING ASKED TO VOTE ON?
- WHAT DO THE POLLS SHOW?
- WHAT IF IT’S YES?
- WHAT IF IT’S NO?
- HOW WILL MARKETS REACT?
This Is What It Looks Like When Central Banks Lose Control
Submitted by Tyler Durden on 07/03/2015 - 12:05 In the utopian world of US equities - where every dip is a buying opportunity and "The Fed's got your back," - it is blasphemous for anyone to suggest this state of affairs cannot go on forever is extreme. However, as China encountered an accelerated version of the farce that the US has experienced in the past few years, the same "The PBOC's got your back" mentality dominated every fundamental fact and central bank omnipotence was doctrine. That is until 2 weeks ago... when modest efforts to rein in exponentially-growing leverage pricked the new normal's narrative. Now every "save" by the government and every plunge protected is sold into by a desperate population burned...
Chinese Stocks Plummet Despite Government Threats To Shorts, Europe Lower, US Closed
Submitted by Tyler Durden on 07/03/2015 - 07:52 The Greece impasse set to culminate on Sunday continues to have a massive impact on at least one stock market, unfortunately it is the wrong one, located on a continent which is mostly irrelevant to the future of the Greek people (unless that whole AIIB bailout does take place of course). We are, of course, talking about China which as noted earlier, started off horribly, plunging over 7% with over 1000 stocks hitting 10% limit down, then in the afternoon session mysteriously recovering all losses and even trading slightly higher on the day, before the late selling returned once more, and the Shanghai Composite plunged to close down 5.8%: an unimaginable 20% total roundtrip move!
The German Press Does It Again: "Give Me The Money Or I Shoot"
Submitted by Tyler Durden on 07/03/2015 - 02:00 When a message needs to be sent by the powers that be, the German press can always be relied upon to send it, no matter how divisive (as they did here, here, and here). So it is no surprise that with the stakes appearing to have never been higher, Handelsblatt unleashes the following...
Europe-US Risk Diverges Most In 13 Years - How Best To Trade The Referendum
Submitted by Tyler Durden on 07/03/2015 - 09:45 European risk has never traded at such an extreme level relative to US risk... ever. But when looking for the best bang for your Greferendum-trading buck - are you better off buying higher vol in Europe or lower US vol? Or, as Goldman Sachs explains below, what are the highest payouts on bets for a rebound...
Contagion Continues: Italy, Spain Stocks Tumble To Post-Greferendum Lows
Submitted by Tyler Durden on 07/03/2015 - 09:55 Having bounced midweek on 'hope' of a deal and 'faith' in Draghi's containment, European stock markets are tumbling back to the post-Greferendum lows of Tuesday. Italy and Spain are now down 5.5 to 6% and as the European close nears - and the realization thanks to The IMF that the vote is a simple Yes/No to debt haircuts - stocks are being sold and volatility is picking up. Bond spreads are leaking higher but it is clear that what Draghi really 'contained' was EURUSD which remains only marginally lower on the week.
3 Things: Valuations, Employment, Sectors
Submitted by Tyler Durden on 07/03/2015 - 11:30 ...while the media gets overly excited about monthly job growth, the reality is that job growth has been little more than just a function of overall population growth. This isn't something the fosters long-term economic expansions that generate higher levels of prosperity... and if you think low interest rates necessitate high stock prices, that wasn't the case in the 1940s when interest rates were low and stock prices were below their long-term average relative to past earnings.
The second largest stock market in the entire world is collapsing right
in front of our eyes. Since hitting a peak in June, the most important
Chinese stock market index has plummeted by well over 20 percent, and
more than 3 trillion dollars of “paper wealth” has been wiped out. Of
course the Shanghai Composite Index is still way above the level it was
sitting at exactly one year ago, but what is so disturbing about this
current crash is that it is so similar to what we witnessed just prior
to the great financial crisis of 2008 in the United States. From
October 2006 to October 2007, the Shanghai Composite Index more than
tripled in value. It was the greatest stock market surge in Chinese
history. But after hitting a peak, it began to fall dramatically. From
October 2007 to October 2008, the Shanghai Composite Index absolutely
crashed. In the end, more than two-thirds of all wealth in the market
was completely wiped out. You can see all of this on a chart that you
can find right here.
What makes this so important to U.S. investors is the fact that Chinese
stocks started crashing well before U.S. stocks started crashing during
the last financial crisis, and now it is happening again. Is this yet
another sign that a U.S. stock market crash is imminent?Read More…
Will some type of False Flag Event happen this weekend? I heard the media playing it up yesterday on the radio...If so you can bet they will be running a drill at that exact place...
by James Perloff, via The Phaser:
This is another long post, but I believe the potential for immediate danger to the American people warrants it.
Internet traffic is buzzing about Jade Helm, a U.S. military exercise scheduled to begin July 15 (but according to latest reports in June) and end on September 15. It is to take place across a number of states, especially in the Southwest, and involves several branches of the military, including the 82nd Airborne, Navy Seals, Green Berets, and other Special Ops.
There is broad concern that the drill will transition into the onset of martial law. Some factors fueling the alarm: (1) No drill this extensive has ever occurred before; (2) it includes nighttime activities, air drops near towns, and attempts to infiltrate and “blend in” with civilian populations; (3) the exercise is unlawful as it violates the Posse Comitatus Act, which prohibits domestic deployment of federal troops in civilian areas (section 4 of the Constitution allows it in cases of “domestic violence,” but that is clearly not the situation here); (4) the operation’s field map has labeled Texas, Utah, and certain Southern California counties as “hostile” territory – troubling, since these areas also happen to contain populations especially known as constitutionalist, religious, and/or patriotic.
Read More @ ThePhaser.com
This is another long post, but I believe the potential for immediate danger to the American people warrants it.Internet traffic is buzzing about Jade Helm, a U.S. military exercise scheduled to begin July 15 (but according to latest reports in June) and end on September 15. It is to take place across a number of states, especially in the Southwest, and involves several branches of the military, including the 82nd Airborne, Navy Seals, Green Berets, and other Special Ops.
There is broad concern that the drill will transition into the onset of martial law. Some factors fueling the alarm: (1) No drill this extensive has ever occurred before; (2) it includes nighttime activities, air drops near towns, and attempts to infiltrate and “blend in” with civilian populations; (3) the exercise is unlawful as it violates the Posse Comitatus Act, which prohibits domestic deployment of federal troops in civilian areas (section 4 of the Constitution allows it in cases of “domestic violence,” but that is clearly not the situation here); (4) the operation’s field map has labeled Texas, Utah, and certain Southern California counties as “hostile” territory – troubling, since these areas also happen to contain populations especially known as constitutionalist, religious, and/or patriotic.
Read More @ ThePhaser.com
from grindall61:
by Jeff Nielson, Bullion Bulls:
Over the past couple of months; several respected commentators and (of
course) the mainstream media have been reporting that JPMorgan has
supposedly amassed a gigantic hoard of “physical silver”, roughly twice
as large as what was amassed by the Hunt Brothers (and their cartel)
back in 1980, when the Hunt Brothers were formally charged (and
convicted) of “cornering the silver market”.
This report was previously greeted with extreme skepticism in a previous commentary, for a multitude of reasons. When the Hunt Brothers were charged/convicted of cornering the market; their hoard accounted for less than 20% of total global inventories, yet this “squeeze” on the market resulted in the price of silver soaring by a factor of ten (i.e. 1,000%).
The JPMorgan “silver hoard” is supposed to be twice as large as that of the Hunt Brothers; yet it comes at a time where global silver inventories are (at best) ¼ as large as back in 1980.
Read More…
Over the past couple of months; several respected commentators and (of
course) the mainstream media have been reporting that JPMorgan has
supposedly amassed a gigantic hoard of “physical silver”, roughly twice
as large as what was amassed by the Hunt Brothers (and their cartel)
back in 1980, when the Hunt Brothers were formally charged (and
convicted) of “cornering the silver market”.This report was previously greeted with extreme skepticism in a previous commentary, for a multitude of reasons. When the Hunt Brothers were charged/convicted of cornering the market; their hoard accounted for less than 20% of total global inventories, yet this “squeeze” on the market resulted in the price of silver soaring by a factor of ten (i.e. 1,000%).
The JPMorgan “silver hoard” is supposed to be twice as large as that of the Hunt Brothers; yet it comes at a time where global silver inventories are (at best) ¼ as large as back in 1980.
Read More…
filed under (unt
from Liberty Blitzkrieg:
It didn’t take much foresight to know how much of a compromised Wall
Street tool Mary Jo White would be when she was nominated to run the SEC
by President Barack Obama. It was so obvious, that I wrote an article
all about it before she worked a single day on the job. Here are a
couple of excerpts from my 2013 piece: Meet Mary Jo White: The Next SEC Chief and a Guaranteed Wall Street Patsy.
It didn’t take much foresight to know how much of a compromised Wall
Street tool Mary Jo White would be when she was nominated to run the SEC
by President Barack Obama. It was so obvious, that I wrote an article
all about it before she worked a single day on the job. Here are a
couple of excerpts from my 2013 piece: Meet Mary Jo White: The Next SEC Chief and a Guaranteed Wall Street Patsy.Obama’s nominee to head the SEC, Mary Jo White, is just another gatekeeper appointed to make sure no one ever goes after the Wall Street crime syndicate. As I have written about many times in the past, Obama does not nominate anyone to a high position of power in government who will not behave like a good little lapdog for Wall Street.Read More @ LibertyBlitzkrieg.com
Despite Obama’s propagandist statement about how “you don’t want to mess with Mary Jo,” her background implies she will function as a useful servant to the financial oligarchs. Forget for a second about that fact at her recent firm Debevoise & Plimpton LLP her clients included the usual suspects such as such as JPMorgan Chase & Co. (JPM), Morgan Stanley (MS), and UBS AG, but she is actually known as the prosecutor who popularized the “slap Wall Street on the wrist” approach.
from Jesse’s Café Américain:
This is why nice, neat theories of perfectly rational economic behavior fall apart quickly in reality.
This is why regulation is necessary. Because there is a tendency in some people to break the rules, and to bend them over time to serve their disordered minds and appetites.
This is why there must be checks and balances on power. Especially when that power appeals to noble symbols as a cover for their excessive misdeeds and complex secrecy.
We have seen entire sections of corporate organizations bent to the will of persuasive psychopathy. And even when they fail, they will rise up to find a new place to obtain what they need, without shame or remorse, or even a genuine understanding of why they have failed, although they may get better at the execution of their schemes. They will blame everyone else for being unworthy of them.
Read More @ Jessescrossroadscafe.blogspot.ca
This is why nice, neat theories of perfectly rational economic behavior fall apart quickly in reality.This is why regulation is necessary. Because there is a tendency in some people to break the rules, and to bend them over time to serve their disordered minds and appetites.
This is why there must be checks and balances on power. Especially when that power appeals to noble symbols as a cover for their excessive misdeeds and complex secrecy.
We have seen entire sections of corporate organizations bent to the will of persuasive psychopathy. And even when they fail, they will rise up to find a new place to obtain what they need, without shame or remorse, or even a genuine understanding of why they have failed, although they may get better at the execution of their schemes. They will blame everyone else for being unworthy of them.
Read More @ Jessescrossroadscafe.blogspot.ca
from TomWoodsTV:
from X22 Report:
from KingWorldNews:
One of man’s dreams has been to get something for nothing. The
alchemists were dreamers who sought to turn base metals into gold. They
never succeeded. Gold is only accumulated by man’s labor. The dream of
the gambler in Las Vegas is to put a coin in the slot machine and with a
mere pull of the handle, hit the jackpot.
In the same way, the operators at the central banks create money out of thin air. Through acts of manipulation, they create new money. They force people to accept their new currency by fiat. Fiat currency gains its legitimacy through government threat and the muzzle of a gun. Ironically, despite government threat, no fiat currency has ever survived. In the end, reality trumps government threats. The reality is that the great trend of the economy is in a correction mode. The great leveraging and inflation since World War II hit its peak in the year 2000, and since then the forces of deleveraging and deflation have dominated.
Richard Russell Continues @ KingWorldNews.com
One of man’s dreams has been to get something for nothing. The
alchemists were dreamers who sought to turn base metals into gold. They
never succeeded. Gold is only accumulated by man’s labor. The dream of
the gambler in Las Vegas is to put a coin in the slot machine and with a
mere pull of the handle, hit the jackpot.In the same way, the operators at the central banks create money out of thin air. Through acts of manipulation, they create new money. They force people to accept their new currency by fiat. Fiat currency gains its legitimacy through government threat and the muzzle of a gun. Ironically, despite government threat, no fiat currency has ever survived. In the end, reality trumps government threats. The reality is that the great trend of the economy is in a correction mode. The great leveraging and inflation since World War II hit its peak in the year 2000, and since then the forces of deleveraging and deflation have dominated.
Richard Russell Continues @ KingWorldNews.com
When Mario Draghi, President of the European Central Bank, famously
said on July 26, 2012 that he would do “whatever it takes” to save the
Euro, apparently providing a life line to Greece wasn’t part of the
“whatever.” That has a lot of investors and heads of state worried: what
else might not be part of his pledge? Would a financial crisis
in Portugal, Spain or Italy also not be part of doing whatever it
takes? It’s beginning to sound like there’s a monetary cap on doing
whatever it takes.This is the exact quote from Draghi’s speech on July 26, 2012:
“And so we view this, and I do not think
we are unbiased observers, we think the euro is irreversible. And it’s
not an empty word now, because I preceded saying exactly what actions
have been made, are being made to make it irreversible. But there is
another message I want to tell you. Within our mandate, the ECB is ready
to do whatever it takes to preserve the euro. And believe me, it will
be enough.”
Read More @ WallStreetonParade.com
by Graham Summers, Gold Seek:
The Fuse on the Global Debt Bomb has been lit.
We are now officially in the Crisis to which the 2008 Meltdown was just the warm up.
The process will take time to unfold. The Tech Bubble, arguably the single biggest stock market bubble of all time, was both obvious to investors AND isolated to a single asset class: stocks. In spite of this, it took two years for stocks to finally bottom. In contrast, the current Crisis that we are facing involves bonds… the bedrock of the financial system.
Every asset class in the world trades based on the pricing of bonds. So the fact that bonds are in a bubble (arguably the biggest bubble in financial history), means that EVERY asset class is in a bubble.
Read More @ GoldSeek.com
The Fuse on the Global Debt Bomb has been lit.We are now officially in the Crisis to which the 2008 Meltdown was just the warm up.
The process will take time to unfold. The Tech Bubble, arguably the single biggest stock market bubble of all time, was both obvious to investors AND isolated to a single asset class: stocks. In spite of this, it took two years for stocks to finally bottom. In contrast, the current Crisis that we are facing involves bonds… the bedrock of the financial system.
Every asset class in the world trades based on the pricing of bonds. So the fact that bonds are in a bubble (arguably the biggest bubble in financial history), means that EVERY asset class is in a bubble.
Read More @ GoldSeek.com
We are a Village... run by the Village Idiot...
by Gary Christenson, Deviant Investor:
This is a short story. It has a purpose. Bear with me.
A long time ago and far, far away there was a village that was occasionally raided by outlaws who took food, jewels, and women. The villagers were understandably angry but could do little to protect themselves.
One day a large and fearsome dragon landed in the village square. After negotiating with the Mayor, the dragon agreed to protect the village in return for food.
A year passed and the town was raided no more. People felt safer and realized that everyone was afraid of the dragon, its sharp claws, and the fire it could breathe from its mouth to incinerate anyone who threatened the village or the dragon.
The people rejoiced in their new safety but noted that the dragon ate a lot of food.
Read More @ deviantinvestor.com
This is a short story. It has a purpose. Bear with me.A long time ago and far, far away there was a village that was occasionally raided by outlaws who took food, jewels, and women. The villagers were understandably angry but could do little to protect themselves.
One day a large and fearsome dragon landed in the village square. After negotiating with the Mayor, the dragon agreed to protect the village in return for food.
A year passed and the town was raided no more. People felt safer and realized that everyone was afraid of the dragon, its sharp claws, and the fire it could breathe from its mouth to incinerate anyone who threatened the village or the dragon.
The people rejoiced in their new safety but noted that the dragon ate a lot of food.
Read More @ deviantinvestor.com
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