Submitted by Tyler Durden on 07/09/2015 - 08:21 Standing before the European Parliament yesterday, it took Nigel Farage just four minutes to completely destroy every argument supporting the Eurozone. As Nigel explains in the video below, right from the start, the system was never intended to help the Greek people. Greece entering the euro was great for Goldman Sachs. But terrible for Greeks. It chained the country to a system in which it didn’t belong.
Why Janet Is Lost: Her Favorite Charts Show 'JOLTing' Disconnects
Submitted by Tyler Durden on 07/09/2015 - 11:55 Janet Yellen’s reputed favorite jobs measure, the JOLTS (Job Openings and Labor Turnover Survey) reported blockbuster record job openings in May. But look beneath the headlines and you will see just how distorted and maladjusted the US job market is.
Five Years Of Glorious IMF "Hockey Stick" Comedy
Submitted by Tyler Durden on 07/09/2015 - 11:37 Who cares about constantly being wrong right here, right now (aside from 11 million Greeks that is) when your projections keep promising that growth is always "just around the corner" as they do in the following chart showing just why the IMF has now lost all credibility not only as an bailouter of last resort (see Greece), but as a forecaster.Presenting: over five years of glorious IMF hockeysticks.
Eric Holder has gone back to work for his old firm, the white-collar defense heavyweight Covington & Burling. The former attorney general decided against going for a judgeship, saying he’s not ready for the ivory tower yet. “I want to be a player,” he told the National Law Journal, one would have to say ominously.
Holder will reassume his lucrative partnership (he made $2.5 million the last year he worked there) and take his seat in an office that reportedly – this is no joke – was kept empty for him in his absence.
Read More @ RollingStone.com
"Greece Is No One's Hostage": Leftist Energy Minister Lays Out €2 Billion Russian Gas Project
Submitted by Tyler Durden on 07/09/2015 - 11:16 Greece's outspoken Energy Minister Panagiotis Lafazanis laid out the details for the country's pipeline project with Russia on Thursday and went out of his way to let PM Alexis Tsipras know that the referendum "no" vote is "not going to become a humiliating 'yes'".Stock bubble, credit market bubbles and housing market bubbles. Unfettered money printing by Central Banks globally have created massive bubbles of unprecedented proportions across all asset classes.
Once Government and the Central
Banks lose the power to stop markets from going down, you’ll have
situation that spirals out of control quickly. – Wolf Richter, The Shadow of Truth
Wolf sees China eventually emerging as the world’s new number one,
but believes that first it must “cleanse” the massive excesses – asset
bubbles fueled by a massive credit bubble – with a painful financial and
economic correction.Read More @ TheDailyCoin.org
from Global Research:
If you think the globalists are pushing pedal to the metal now, you’re
absolutely right! Rapid acceleration toward their one world government
has humanity on a fateful collision course to Armageddon. Just look at
the unfolding events in 2015 so far with barely half the year over. The
Charlie Hebdo attack in January came right after France moved to recognize a sovereign Palestinian state.
Clearly Hebdo was a false flag payback that only escalated movement
toward more Orwellian tyranny and draconian police state oppression, not
only in France but around the world.
Hebdo’s aftermath in Paris with world leaders gathered arm-in-arm flanked by a duped million plus strong waving their false freedom flags reeked of foul stench – a hideous pretense of staged mockery defiance.
Read More @ Globalresearch.ca
If you think the globalists are pushing pedal to the metal now, you’re
absolutely right! Rapid acceleration toward their one world government
has humanity on a fateful collision course to Armageddon. Just look at
the unfolding events in 2015 so far with barely half the year over. The
Charlie Hebdo attack in January came right after France moved to recognize a sovereign Palestinian state.
Clearly Hebdo was a false flag payback that only escalated movement
toward more Orwellian tyranny and draconian police state oppression, not
only in France but around the world.Hebdo’s aftermath in Paris with world leaders gathered arm-in-arm flanked by a duped million plus strong waving their false freedom flags reeked of foul stench – a hideous pretense of staged mockery defiance.
Read More @ Globalresearch.ca
from NorthWestLibertyNews:
EXCLUSIVE: Dave Hodges of The Common Sense Show and James White of The Liberty Brothers Radio Show discuss the recent cyber-attacks and how our very infrastructure is targeted next.
EXCLUSIVE: Dave Hodges of The Common Sense Show and James White of The Liberty Brothers Radio Show discuss the recent cyber-attacks and how our very infrastructure is targeted next.
How The Media Confuses Americans About The Most Common Ways To Die
Submitted by Tyler Durden on 07/09/2015 - 10:49 The Charleston church shooting flooded newsrooms around the world. Did the killer act alone? How much did he really hate black people? Should we burn every Confederate flag in the country? When will another racist strike next? Stay tuned for more! After reading this, one would assume there was an evil Confederate in every town, ready to open fire on every family in America. The reality is much different. The greatest danger to the average American is the cheeseburger they ate for dinner last night.
Schaeuble Proposes A Trade: US Takes Greece, Germany Takes Puerto Rico
Submitted by Tyler Durden on 07/09/2015 - 10:29 SCHAEUBLE: OFFERED LEW TO TAKE PUERTO RICO IF US TAKES GREECE
from Outsider Club:
There have been many stories written in the financial media in the
last few days with the theme “don’t worry about Greece; keep buying U.S.
stocks.” The perma-bulls just love to quote Kevin Bacon from Animal
House: “There’s nothing to see here…”
But, Greece is a worry for U.S. markets because the Hellenic country’s problems are an indicator that risk still exists.
That’s the lesson here: the last six-and-a-half years have been LaLaLand for the markets.
Short-term interest rates have been zero since December 2008 and the Federal Reserve’s Quantitative Easing programs — along with similar money-flooding from the European Central Bank, Bank of England, Bank of Japan, etc. — have flooded the world’s banking systems with money.
Read More @ OutsiderClub.com
There have been many stories written in the financial media in the
last few days with the theme “don’t worry about Greece; keep buying U.S.
stocks.” The perma-bulls just love to quote Kevin Bacon from Animal
House: “There’s nothing to see here…”But, Greece is a worry for U.S. markets because the Hellenic country’s problems are an indicator that risk still exists.
That’s the lesson here: the last six-and-a-half years have been LaLaLand for the markets.
Short-term interest rates have been zero since December 2008 and the Federal Reserve’s Quantitative Easing programs — along with similar money-flooding from the European Central Bank, Bank of England, Bank of Japan, etc. — have flooded the world’s banking systems with money.
Read More @ OutsiderClub.com
Stocks Are Giving Up "China Is Fixed" Gains, Dow Drops Below 200DMA
Submitted by Tyler Durden on 07/09/2015 - 10:28 Well that didn't last long...
Fed's "Modest Proposal" To Boost US Growth: Issue More Debt
Submitted by Tyler Durden on 07/09/2015 - 10:03 "I want to be clear at the outset that I am not saying that it is appropriate for fiscal policymakers to increase the long-run level of public debt. I am simply pointing to one benefit associated with such an increase: It allows the central bank to be more effective in mitigating the impact of adverse shocks to aggregate demand."
from Gold Core:
Chinese markets bounced last night following drastic intervention by
the state when it banned large players from selling their shares in
listed companies – arresting the over 30% decline of the past four
weeks.
By definition, a market ceases to be a market if selling is prohibited so it is far from clear at this point if the government can bring stability back into the system.
At the heart of the problem is the use of credit by “investors” to take up larger positions than they might have if they were gambling only with their savings. It was this trading on leverage which ignited the bubble and it is this same dynamic which is now applying downward force.
Read More @ GoldCore.com
Chinese markets bounced last night following drastic intervention by
the state when it banned large players from selling their shares in
listed companies – arresting the over 30% decline of the past four
weeks.By definition, a market ceases to be a market if selling is prohibited so it is far from clear at this point if the government can bring stability back into the system.
At the heart of the problem is the use of credit by “investors” to take up larger positions than they might have if they were gambling only with their savings. It was this trading on leverage which ignited the bubble and it is this same dynamic which is now applying downward force.
Read More @ GoldCore.com
There's A Spike In New Lows Around The World's Stock Markets
Submitted by Tyler Durden on 07/09/2015 - 09:41 Unsurprisingly, the percent of issues making 65-day new lows is expanding across all geographies.
Another Reason Why Stocks Are Surging
Submitted by Tyler Durden on 07/09/2015 - 09:14 Guess who just went "marginally net short... in dollar terms."
Do you believe that the New York Stock Exchange shut down because of a
“technical glitch” on Wednesday? At 11:32 AM on Wednesday morning,
trading on the New York Stock Exchange was halted due to “internal
technical issues”, and it did not resume until 3:10 PM. Officials
insist that there is no evidence that a cyberattack caused the technical
problems even though hactivists had hinted that something may happen the night before.
Adding to the suspicion is the fact that United Airlines and the Wall
Street Journal also experienced very serious “technical glitches” on
Wednesday. Others found it very curious that trading on the NYSE was
halted just after Chinese stocks had absolutely plummeted the night before.
In fact, Hong Kong’s Hang Seng Index experienced the largest one day
decline that we have witnessed since November 2008. So is there more
going on here than meets the eye?Read More…
China Soars Most Since 2009 After Government Threatens Short Sellers With Arrest, Global Stocks Surge
Submitted by Tyler Durden on 07/09/2015 - 08:57 The Shanghai Composite Index had dropped as much as 3.8% to a 4 month low before the news that the cops were going to arrest anyone who was caught "maliciously shorting stocks", when everything suddenly took off, and the SHCOMP closed a "Dramamine required" 5.8% higher, the biggest daily increase since March 2009! Stocks around the globe followed, with US equity futures wiping out much of yesterday's losses and up 1% at last check.
Draghi Voices "Unprecedented Doubt" Greek Solution Will Be Found: Complete Greek Overnight Summary
Submitted by Tyler Durden on 07/09/2015 - 08:53 In an odd escalation over the Grexit fiasco, where Greece is now expected to provide yet another detailed reform proposal today by midnight at the very latest, it was the one man whose decision will make or break the Eurozone when (if) he decides to impose even more ELA collateral haircuts (or yank ELA entirely) forcing Greece to Grexit by imposing its own currency (since there is no legal mechanism to kick a nation out of the new Berlin Wall) that made some surprisingly candid comments on the fate of the Greek negotiations. According to Reuters, ECB president Mario Draghi voiced "unprecedented doubts about the chances of rescuing Greece from bankruptcy as Greek Prime Minister Alexis Tsipras was due to put forward last-ditch reform proposals on Thursday."from X22Report:
Initial Jobless Claims Spike To Highest Since Feb, Near Crucial 300k Level
Submitted by Tyler Durden on 07/09/2015 - 08:35 Initial jobless claims have surged almost 30k in the last 2 weeks and are nearing the Maginot Line of 300k (printing 297k vs 285k exp). This is the worst claims print since mid-Feb and well above the levels that occurred at the end of QE3. Of course, apologists will note that there are likely holiday distortions in this data. At the same time, continuing claims continue to rise quite notably, now at their highest since mid-March having missed expectations for the last 7 weeks.
China's "Sweet & Sour" Plunge Protection Lessons From 1987
Submitted by Tyler Durden on 07/09/2015 - 08:02 In the wake of China's unprecedented attempt to rescue its collapsing equity markets, Deutsche Bank is out with a history lesson for Beijing where officials can learn some "sweet and sour" lessons from the crash of '87.
from The Sleuth Journal:
In just the last few weeks through the early part of July 2015 humanity in particular the American populace has been under a complex simultaneous attack coming from different directions. In these tense pre-Jade Helm 15 days we’re seeing one attack on the unassuming public after another. The issues are designed to divide distract and destabilize America and create emotional reactions all the while the globalist advance their agenda with forced vaccination legislation, illegal global trade agreements and other federal executive orders that violate individual rights or state sovereignty. Anyone aware of the controllers’ new world order plans can see these deliberate events unfolding daily.
Read More @ Thesleuthjournal.com
In just the last few weeks through the early part of July 2015 humanity in particular the American populace has been under a complex simultaneous attack coming from different directions. In these tense pre-Jade Helm 15 days we’re seeing one attack on the unassuming public after another. The issues are designed to divide distract and destabilize America and create emotional reactions all the while the globalist advance their agenda with forced vaccination legislation, illegal global trade agreements and other federal executive orders that violate individual rights or state sovereignty. Anyone aware of the controllers’ new world order plans can see these deliberate events unfolding daily.
Read More @ Thesleuthjournal.com
from Western Journalism:
Documents obtained by the government accountability group Judicial
Watch reveal that the Lois Lerner IRS scandal is worse than originally
believed, extending beyond the walls of the agency into the Department
of Justice.
Judicial Watch sued both the IRS and the DOJ when both failed to comply with FOIA requests. What the newly released documents confirm is that the Obama administration not only targeted tea party and other conservative organizations for increased scrutiny, improper questioning (including lists of donor names), and delayed approval for their applications in the lead-up to the 2012 presidential elections–but also sought ways to criminally prosecute them.
Read More @ WesternJournalism.com
Documents obtained by the government accountability group Judicial
Watch reveal that the Lois Lerner IRS scandal is worse than originally
believed, extending beyond the walls of the agency into the Department
of Justice.Judicial Watch sued both the IRS and the DOJ when both failed to comply with FOIA requests. What the newly released documents confirm is that the Obama administration not only targeted tea party and other conservative organizations for increased scrutiny, improper questioning (including lists of donor names), and delayed approval for their applications in the lead-up to the 2012 presidential elections–but also sought ways to criminally prosecute them.
Read More @ WesternJournalism.com
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