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07/08/2015 - 12:21
Stocks Slammed On Beligerent Merkel, Broken Markets, & Bearish Minutes
Submitted by Tyler Durden on 07/08/2015 - 16:06
NYSE Hopes To Reopen At 3:10 PM
Submitted by Tyler Durden on 07/08/2015 - 14:55
This Is The Way The NYSE Comes Back Online, Not With A Bang But A Whimper
Submitted by Tyler Durden on 07/08/2015 - 15:44 Once upon a time, the NYSE was the world's most important exchange and judging by the commotion over its historical trading halt when it was offline for just under 4 hours, one would think it still is. Unfortunately for the NYSE and its new owners, the ICE, it isn't, and as the following market share chart from Nanex shows, the NYSE whose share of the total NMS is shown in red, may well have stayed closed and few would even notice.by Kit Daniels, Infowars:
Chinese stocks were suffering huge declines prior to the New York Stock
Exchange shutdown due to an alleged “technical issue,” fueling concerns
whether the NYSE was actually halted due to the free fall in China.
Companies in China fell 20% from a May high and, right before the NYSE shutdown, the Hang Seng Index plunged its most since the 2008 financial crisis.
“The Hang Seng Index fell 5.8% to 23,516.56 at the close today, the biggest drop since November 2008, after slumping as much as 8.6%,” Bloomberg’s Kana Nishizawa wrote.
Overall, China’s stock market plunge has wiped out around $3.2 trillion since June 12.
Read More @ Infowars.com
Meanwhile, Over At The Real New York Stock Exchange
Submitted by Tyler Durden on 07/08/2015 - 14:36 Ignore the constant commotion at the TV studio in downtown Manhattan which once was the New York Stock Exchange (currently owned by the ICE) and is now mostly packed with actors, cheerleaders, set designers and producers, and focus on the real exchange located some 40 miles away in Mahwah, NJ (which for a few months over the winter even had a laser attached to its main microwave tower), where moments ago the scene was the following...
Is This What The First World Cyber War Looks Like: Global Real Time Cyber Attack Map
Submitted by Tyler Durden on 07/08/2015 - 11:41 After a series of cyber failures involving first UAL, then this website, then the NYSE which is still halted, then the WSJ, some have suggested that this could be a concerted cyber attack (perhaps by retaliatory China unhappy its stocks are plunging) focusing on the US. So we decided to look at a real-time cyber attack map courtesy of Norsecorp which provides real time visibility into global cyber attacks.Jim Sinclair’s Commentary
Now some hacker is going to start a war in Germany.
‘Hackers’ give orders to German missile battery Published: 07 Jul 2015 15:00 GMT+02:00
German-owned Patriot missiles stationed in Turkey were briefly taken over by hackers, according to media reports on Tuesday.
The attack took place on anti-aircraft ‘Patriot’ missiles on the Syrian border. The American-made weapons had been stationed there by the Bundeswehr (German army) to protect Nato ally Turkey.
According to the civil service magazine, the missile system carried out “unexplained” orders. It was not immediately clear when these orders were carried out and what they were.
The magazine speculates about two weak spots in the missile system which could be exploited by hackers.
One such weakness is the Sensor-Shooter-Interoperability (SSI) which exchanges real time information between the missile launcher and its control system.
The second exposed point is a computer chip which controls the guidance of the weapon.
Attackers might have gained access in two different ways, one that takes over the operating of the missile system and one that steals data from it.
The patriot missile has been in service in the US army since 1984 and was first used in operation in the first Gulf war in 1991.
In 2012 Turkey asked that its Nato partners support it by stationing Patriot missile systems there, after the civil war in Syria drew closer to its southern border.
In June 2015 Germany announced that it would replace its Patriot missiles with MEADS, an air defence system designed in cooperation with the USA and Italy.
More…
Tuesday morning we warned that physical shortages and BIG jumps in physical silver premiums were imminent after 90% silver premiums had doubled in the past 48 hours.
Below is an update of the physical precious metals markets over the past 48 hours:
90% premiums skyrocketed over the weekend after the Greek Referendum vote with availability nearly nill- wholesalers/distributors are now offering 90% silver in volume at up to $3 over spot, and supplies are rapidly vanishing
Read More…
Demand for U.S. Silver Eagle coins has been running so high that the U.S. Mint has had to suspend sales to replenish its stocks
by Lawrence Williams, MineWeb.com:
The weakness in silver prices culminating so far in a dive down to well
below $15 an ounce appears to have created a huge surge in demand for
one ounce silver Eagle coins out of the U.S. Mint. Indeed so much so
that the Mint has had to suspend sales to authorised dealers for at
least 2 weeks while it replenishes stocks. Reports from the U.S. note
that silver bullion coin premiums are rising as dealers face further
demands on what stock they have.
Overall, the U.S. Mint reports that silver Eagle coin sales had already been rising sharply ahead of the latest surge – almost certainly related to the Greek financial upheaval in Europe pushing people into solid assets. June silver eagle sales at some 4.8 million ounces were well over double those recorded in May while some 1.6 million silver Eagles were sold in the first week of July alone resulting in the Mint running out of available stock. Intriguingly the Mint’s suspension of sales occurred on the same day silver fell by around 7% in the latest precious metals price dive.
Read More @ MineWeb.com
by Lawrence Williams, MineWeb.com:
The weakness in silver prices culminating so far in a dive down to well
below $15 an ounce appears to have created a huge surge in demand for
one ounce silver Eagle coins out of the U.S. Mint. Indeed so much so
that the Mint has had to suspend sales to authorised dealers for at
least 2 weeks while it replenishes stocks. Reports from the U.S. note
that silver bullion coin premiums are rising as dealers face further
demands on what stock they have.Overall, the U.S. Mint reports that silver Eagle coin sales had already been rising sharply ahead of the latest surge – almost certainly related to the Greek financial upheaval in Europe pushing people into solid assets. June silver eagle sales at some 4.8 million ounces were well over double those recorded in May while some 1.6 million silver Eagles were sold in the first week of July alone resulting in the Mint running out of available stock. Intriguingly the Mint’s suspension of sales occurred on the same day silver fell by around 7% in the latest precious metals price dive.
Read More @ MineWeb.com
Stocks Are Crashing To Post-"OXI" Lows - Given Up All Of Yesterday's Ramp Gains
Submitted by Tyler Durden on 07/08/2015 - 14:53 Broken markets tanking....
"I'm A Tad Worried At The Market's Complacency"
Submitted by Tyler Durden on 07/08/2015 - 11:28 "With this brewing crisis around Greece, the fact the Shanghai stock market is exposing all kinds of uncomfortable truths about China, (for instance, the lack of competitiveness, overleverage, massive over-expectations in valuations, the failure of the stock market as “bread and circuses” for the middle classes, and the fears of the party at a troublesome time), and the big bond reversal in the last quarter… and its perhaps surprising that things aren’t a whole lot worse. It’s no wonder global commodity markets are flimsier than a chocolate tea-pot. The first half of the year was pretty torrid… but it could still prove pleasant compared to what may be coming. I’m wondering if Global Markets are poised on the edge of the precipice about to take a step forward?"
FOMC Minutes Reaction: Stocks, USDollar, & Bond Yields Tumble
Submitted by Tyler Durden on 07/08/2015 - 14:31 Gold is unchanged but stocks and bond yields are sliding post the somewhat more hawkish FOMC minutes. The USD index is falling (which suggests the minutes were more dovish) just to add some confusion...
Fed Mouthpiece Hilsenrath Confirms Fed "Cautious" But "Unalarmed" About Overseas Turmoil
Submitted by Tyler Durden on 07/08/2015 - 14:18 While a skim of the FOMC Minutes suggest the committee is balanced on when (or if) to raise rates, WSJ's Jon Hilsenrath has just provided some more color confirming that "Fed officials are cautious about overseas developments but appear unalarmed," suggesting their confident economic growth forecasts point to a September rate hike (unless the whole world collapses obviously).FOMC Minutes Suggest September Rate Hike Despite Global Turmoil
Submitted by Tyler Durden on 07/08/2015 - 14:02 Since The FOMC's supposedly dovish June meeting, bonds have outperformed stocks rather notably and crude has crashed. The crucial aspect for the Minutes is the balance they struck between market turmoil overseas (dovish) and the domestic economic and housing recovery (hawkish) as to how that fits with an expectation for a 'gradual' post-September lift-off...- *FOMC SAW CONDITIONS STILL APPROACHING THOSE WARRANTING LIFTOFF (dovish)
- *ONE MEMBER READY TO RAISE RATES IN JUNE BUT WILLING TO WAIT (dovish)
- *MANY FED OFFICIALS EXPRESSED CONCERN ABOUT GREECE AT JUNE FOMC (hawkish)
- *SEVERAL OFFICIALS VOICED UNCERTAINTY ABOUT CHINESE GROWTH PACE (hawkish)
IMF Slams Germany, Says Greece "Needs Debt Restructuring"
Submitted by Tyler Durden on 07/08/2015 - 15:23 IMF'S LAGARDE SAYS DEBT RESTRUCTURING NEEDED IN GREECEIMF'S LAGARDE SAYS FUND REMAINS 'FULLY ENGAGED' WITH GREECE
IMF'S LAGARDE SAYS IMF CANNOT GIVE GREECE SPECIAL TREATMENT
It Has Begun: Greek Businesses Now Listing Prices In Drachma
Submitted by Tyler Durden on 07/08/2015 - 13:45 A tourist went to a cafe in Greece and sent in the following picture of a menu where the prices appear to be back in Drachma...Greece Preparing "Alternative Currency", Kathimerini Says
Submitted by Tyler Durden on 07/08/2015 - 11:40 Facing an acute cash shortage and a worsening credit crunch which together threaten to leave government employees in the lurch and cut off the flow of imported goods, Kathimerini says Greece is preparing for the launch of an "alternative currency."
USDJPY Breaks Key Technical Support: Next Target 118.96 According To Goldman
Submitted by Tyler Durden on 07/08/2015 - 11:34 After valiantly defending the 121 level, moments ago what is perhaps the most important carry currency for the US stock market dipped below and is now trading at fresh lows not seen since May. What happens next: "A break below that point will further imply that the decline since June isn’t actually corrective at all but rather something more impulsive. If this is true then the next likely target should be down at ~118.96; a 1.618 extension from the June high."
The New American Dream: No Jobs For The Young, No Retirement For The Old
Submitted by Tyler Durden on 07/08/2015 - 13:35 The reality is that financial insecurity is rising for everyone...
Europe Readies Emergency "Humanitarian" Action Plan For Greece
Submitted by Tyler Durden on 07/08/2015 - 13:25 EURO AREA, ECB SAID TO DISCUSS GUARANTEE AS HUMANITARIAN ACTION
Despite Broken Stock Market, Strong 10 Year Treasury Auction Prices Without A Glitch
Submitted by Tyler Durden on 07/08/2015 - 13:18 The US stock market may be in shambles and the Mahwah Stock Exchange is offline for nearly 2 hours now, but that had no impact on demand for US paper, in fact moments ago the US Treasury just sold $21 billion in 10 Year paper without a single hitch. With a When Issued of 2.233%, the bond priced 0.8% through at 2.225% showing that when one can't buy anything else, one buys what one can, in this case 10 Year paper.
Suddenly The "Experts" Are Dumbfounded
Submitted by Tyler Durden on 07/08/2015 - 13:00 Over the course of the last few years one thing that has been prevalent more than nearly any other time we can recall is just how many so-called "experts" have lined up to proclaim how their prognostications "were surely sound." The rationale? They must be correct in all their assumptions for – "Just look at these markets!" Well suddenly when one looks at these markets – it's not for the reasons the "experts" wanted. Now it's: "What in the world is going on in these markets!?"
Carpet Bombing
This week friends, we take a careful look at the carnage that’s transpiring in silver right now.
We discuss:
One minor prediction I recently made which was incorrect…
Another correct prediction which has helped make this all transpire…
Read More…
by SGT, SGT Report.com:
Andy Hoffman from Miles Franklin joins us to discuss the latest on Greece where on Sunday, the people voted NO to more of the same: IMF Bankster austerity – because it does NOT work.
According to Hoffman, “Greece gets the ball rolling” because now the Banksters can’t say, “there will be another bailout, and everything will be fine”. Andy says, “Next up is Portugal and Spain and Italy and France, so there’s no doubt in my mind that the Euro is going to break up it’s just a matter of how long the game can be strung along, and I don’t think it can be much longer…”
“…The people want out from the tyranny of the central banks,” Andy says.
Andy Hoffman from Miles Franklin joins us to discuss the latest on Greece where on Sunday, the people voted NO to more of the same: IMF Bankster austerity – because it does NOT work.
According to Hoffman, “Greece gets the ball rolling” because now the Banksters can’t say, “there will be another bailout, and everything will be fine”. Andy says, “Next up is Portugal and Spain and Italy and France, so there’s no doubt in my mind that the Euro is going to break up it’s just a matter of how long the game can be strung along, and I don’t think it can be much longer…”
“…The people want out from the tyranny of the central banks,” Andy says.
by SGT, SGT Report.com:
Bill Holter is back to discuss the impending ‘Global Margin Call’… and when it might begin. We recorded this call on Friday, July 3rd, so we weren’t privy to the outcome of the Greek referendum at the time of this call. So Sunday’s news that the PEOPLE of Greece have said a resounding NO to IMF Bankster servitude and endless austerity is most welcome news indeed. Although, from a global economic collapse perspective, from a derivatives bubble and credit default swaps and TBTF criminal international banks perspective, today’s vote may well ensure that a ‘Global Margin Call’ could commence at any moment.
Thanks for joining us – and stay tuned to SGT Report all week for much more on the events in Greece and the repercussions that these events may have on all of us.
Bill Holter is back to discuss the impending ‘Global Margin Call’… and when it might begin. We recorded this call on Friday, July 3rd, so we weren’t privy to the outcome of the Greek referendum at the time of this call. So Sunday’s news that the PEOPLE of Greece have said a resounding NO to IMF Bankster servitude and endless austerity is most welcome news indeed. Although, from a global economic collapse perspective, from a derivatives bubble and credit default swaps and TBTF criminal international banks perspective, today’s vote may well ensure that a ‘Global Margin Call’ could commence at any moment.
Thanks for joining us – and stay tuned to SGT Report all week for much more on the events in Greece and the repercussions that these events may have on all of us.
from Paul Craig Roberts:
I doubt that there will be a Greek exit.
The Greek referendum, in which the Greek government’s position easily prevailed, tells the troika (EU Commission, European Central Bank, IMF, with of course Washington as the puppet master) that the Greek people support their government’s position that the years of austerity to which Greece has been subjected have seriously worsened the debt problem. The Greek government has been trying to turn the austerity approach into reforms that would lessen the debt burden via a rise in employment, GDP, and tax revenues.
The first response of most EU politicians to the Greek referendum outcome was to bluster about Greece exiting Europe. Washington is not prepared for this to happen and has told its vassals to give the Greeks a deal that they can accept that will keep them within the EU.
Read More @ PaulCraigRoberts.org
I doubt that there will be a Greek exit.The Greek referendum, in which the Greek government’s position easily prevailed, tells the troika (EU Commission, European Central Bank, IMF, with of course Washington as the puppet master) that the Greek people support their government’s position that the years of austerity to which Greece has been subjected have seriously worsened the debt problem. The Greek government has been trying to turn the austerity approach into reforms that would lessen the debt burden via a rise in employment, GDP, and tax revenues.
The first response of most EU politicians to the Greek referendum outcome was to bluster about Greece exiting Europe. Washington is not prepared for this to happen and has told its vassals to give the Greeks a deal that they can accept that will keep them within the EU.
Read More @ PaulCraigRoberts.org
from The Sleuth Journal:
The TPP (Trans Pacific Partnership) has moved one stepcloser to
becoming law in the US after the Senate voted to give Fast Track
authority to the President. The TPP however must really be considered as
1 of 3 mega treaties designed to give unprecedented control of the
world’s trade to giant multinationals including Big Pharma and Big
Biotech companies. The other 2 parts are the TTIP (Transatlantic Trade
and Investment Partnership) and the TISA (Trade in Services Agreement);
together the TPP, TTIP and TISA form the 3 T-Treaties to cement the
corporatocracy as our global ruler. The TPP is focused on 12 countries
in the Pacific which contribute 40% of the world’s GDP (US, Japan,
Australia, Peru, Malaysia, Vietnam, New Zealand, Chile, Singapore,
Canada, Mexico, and Brunei) while the TTIP harmonizes trade between the
US and the EU. The TISA included the US, EU, Australia and other nations
(totaling 24) and aims to privatize the worldwide trade of services
such as banking, healthcare and transport.
Read More @ Thesleuthjournal.com
The TPP (Trans Pacific Partnership) has moved one stepcloser to
becoming law in the US after the Senate voted to give Fast Track
authority to the President. The TPP however must really be considered as
1 of 3 mega treaties designed to give unprecedented control of the
world’s trade to giant multinationals including Big Pharma and Big
Biotech companies. The other 2 parts are the TTIP (Transatlantic Trade
and Investment Partnership) and the TISA (Trade in Services Agreement);
together the TPP, TTIP and TISA form the 3 T-Treaties to cement the
corporatocracy as our global ruler. The TPP is focused on 12 countries
in the Pacific which contribute 40% of the world’s GDP (US, Japan,
Australia, Peru, Malaysia, Vietnam, New Zealand, Chile, Singapore,
Canada, Mexico, and Brunei) while the TTIP harmonizes trade between the
US and the EU. The TISA included the US, EU, Australia and other nations
(totaling 24) and aims to privatize the worldwide trade of services
such as banking, healthcare and transport.Read More @ Thesleuthjournal.com
from TruthNeverTold:
from Gold Core:
China’s stock markets continued their decline overnight with the
Shanghai SE Composite falling another 4.64% and down of 32% since June
12. Markets have begun seizing up as sellers overwhelm the system.
The Chinese regulator, the China Securities Regulatory Commission, has described market participants as being “irrationally” driven by “panic sentiment” despite there having been no rational basis for the run up in Chinese markets before they peaked last month.
Indeed, in these past two weeks the government itself has taken a series of panic measures to prop up the system but, thus far, to no avail. These measure include cuts in reserve requirements, and a rate cut to boost lending for the purpose of further speculation, easing regulations on margin financing, reduction on transaction fees and providing liquidity to brokerage firms to prop up shares. Which is more or less what western agencies have done to prop up their markets. They have even directed state companies to not sell public companies stock that they might own.
Read More @ GoldCore.com
China’s stock markets continued their decline overnight with the
Shanghai SE Composite falling another 4.64% and down of 32% since June
12. Markets have begun seizing up as sellers overwhelm the system.The Chinese regulator, the China Securities Regulatory Commission, has described market participants as being “irrationally” driven by “panic sentiment” despite there having been no rational basis for the run up in Chinese markets before they peaked last month.
Indeed, in these past two weeks the government itself has taken a series of panic measures to prop up the system but, thus far, to no avail. These measure include cuts in reserve requirements, and a rate cut to boost lending for the purpose of further speculation, easing regulations on margin financing, reduction on transaction fees and providing liquidity to brokerage firms to prop up shares. Which is more or less what western agencies have done to prop up their markets. They have even directed state companies to not sell public companies stock that they might own.
Read More @ GoldCore.com
from ijreview
Former CNN anchor Lynne Russell recently made national headlines when her special forces veteran husband Chuck de Caro used a gun to defend the couple from an armed felon.
Tomario Watson assailed Russell in the parking lot of a Motel 6 in Albuquerque, New Mexico, and forced her to go back to the room with her husband, who was in the shower. When Watson became more demanding, he shot de Caro in the chest three times.
But the Green Beret vet had a gun in the room, and proceeded to use it to defend them against the criminal. As Lynne Russell put it, The Second Amendment “saved my life.”
Read More @ IJReview.com
h/t WhatReallyHappened.com
Former CNN anchor Lynne Russell recently made national headlines when her special forces veteran husband Chuck de Caro used a gun to defend the couple from an armed felon.
Tomario Watson assailed Russell in the parking lot of a Motel 6 in Albuquerque, New Mexico, and forced her to go back to the room with her husband, who was in the shower. When Watson became more demanding, he shot de Caro in the chest three times.
But the Green Beret vet had a gun in the room, and proceeded to use it to defend them against the criminal. As Lynne Russell put it, The Second Amendment “saved my life.”
Read More @ IJReview.com
h/t WhatReallyHappened.com
You ever heard the old saying “My husband would live at the stadium if
we could”? This is the lament of every football widow. However, the
husband may soon get his wish and the wife may indeed become a widow in
the true sense of the word.The Tyranny That Is the NFL
The NFL season is just over two months away. The NFL’s actions in this past season dictates that all freedom-loving Americans will boycott this globalist serving organization. This article demonstrates how the NFL is an extension of the TSA, DHS and the globalist agenda in general.
Read More
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