Wolfgang Schäuble: Ask Not What Germany Can Do For You, Ask How Many Government Workers You Can Fire
And it seemed like the most innocent case of detached retina ever. On Friday, newly elected Greek PM Samaras had to be rushed to the hospital due to the rather peculiar ocular complication, only to be followed promptly by the new Finance Minister Vassilis Rapanos fainting and also being given urgent medical care. Both are procedures that require a few hours of inpatient treatment. Yet judging by the implications these two freak occurrences have had, one would image that both patients are comatose and on the same ventilator that kept former Egyptian president Hosni Mubarak half alive, half dead a week ago. The punchline, however, is that this may be the only case of detached retina in modern history that costs a country €5 billion.... Tying it all together, however, and making sure that Samaras' cabinet is doomed before the ink of its formation documents is even dry, is everyone's favorite Schrodinger finance minister: Germany's Wolfgang Schauble who just told Greece for the final time: no mas.

The ECB Is Delighted That Three Of Its Sponsored Teams Have Made It To The Euro2012 Semi-Finals

They may not be doing much of anything else lately (except for now proudly accepting Spiderman towels are collateral of course), but the European Central Bank sure is a fan of football, and the fact that three of the four teams in the Semi-finals come from countries officially funded by the ECB. We do have the feeling that letting Germany slip into the congratulatory tweet below was a mistake that will cost someone their taxpayer funded job.

Congratulations to Germany, Spain, Portugal and Italy #euro2012
— Eur. Central Bank (@ecb_europa_eu) June 24, 2012

Ron Holland on Moving Offshore, Executive Orders, Rand Paul, TSA and Political Eunuchs

by Anthony Wile, The Daily Bell:
The Daily Bell is pleased to present this exclusive interview with Ron Holland (left).
Introduction: Ron Holland is the author of three books, numerous special reports and hundreds of articles on investment and political topics, many of which focus on the interplay between politics and the investment markets. Selections of his essays can be found in the archives of LewRockwell.com and TheDailyBell.com. Ron is currently chief executive officer of a new venture, Biologix Hair Inc., ”The best of science and nature,” a private Florida corporation headquartered in Toronto. 

Daily Bell: We lasted interviewed you in July of 2011 and you were getting ready for retirement living on the beach in Hilton Head Island, South Carolina. Since then you have picked up and moved to Toronto, Canada. Exactly what happened in your life to cause such an abrupt change in your lifestyle? Frankly, we haven’t met many people who move from a sub-tropical beach to cold and snowy Toronto, Canada. Did you leave the US because of all the regulatory threats to wealth, life and prosperity that so many writers are warning about in the alternative media?

Ron Holland: No. I left the US for an exciting business opportunity based in Canada but the increasing authoritarianism in the United States combined with the TSA assaults at airports do make America a threatening jurisdiction in which to live or conduct business. Add in the threats of a real or contrived future crisis with exchange controls, a run on the dollar and an out-of-control sovereign debt situation and it makes me very happy to be on the outside of the American financial iron curtain and barbed wire, looking in instead of the other way around.
Read More @ TheDailyBell.com

When Will the Stock Market Finally Hit Bottom?

The global economy is undeniably sliding into an ever-deepening recession. When will the stock market reflect economic reality, and when will it finally hit bottom?
by Charles Hugh Smith, Of Two Minds:
If we pursue the line of inquiry established by Chris Martenson’s recent call to Buckle Up–Market Breakdown in Progress, we come to these basic questions: when will the market reflect the fundamental weakness of the global economy, and when will the market finally hit bottom?

First, we have to stipulate that the correlation between the real economy and the stock market is tenuous at times. According to the National Bureau of Economic Research (NBER), the widely recognized designator of recessions, the most recent recession began in December 2007 and ended in June 2009. Fully six months into the downturn (June 2008), the S&P 500 stock market index was still resiliently hovering around 1,400. The market did not break down until September, 2009, the tenth month of recession.
Read More @ OfTwoMinds.com

If it does BTFD...and Keep Stacking...

Silver to Crash to $15, Then Physical to Rocket Past $1,000 + as Fiat Collapses

by SD Contributor Marshall Swing, Silver Doctors:
It’s about time for me to write my piece on $15 silver and $500 gold, I think.
It seems quite some people get into the market not having the strength to withstand the volatility even though what drew them in was the logic behind the PM story and its validity in time of hyperinflation as a store of wealth.
When silver is $500-$1000 those who sold at $26 will be sorry because they will have nothing in the end after the crash…
It does not matter what happens with the world’s economy, like some are talking, (such as Faber), about commodities crashing with the slowdown in the global economy. When the wealth of the world rushes into gold and silver when there is nothing left it will not matter that PM wealth might have devalued 50-75% in the crash.
Read More @ SilverDoctors.com

U.S. plans more drone flights over Caribbean

by Brian Bennett, Boston Herald

After quietly testing Predator drones over the Bahamas for more than 18 months, the Department of Homeland Security plans to expand the unmanned surveillance flights into the Caribbean and the Gulf of Mexico to fight drug smuggling, according to U.S. officials.
The move would dramatically increase U.S. drone flights in the Western Hemisphere, more than doubling the number of square miles now covered by the department’s fleet of nine surveillance drones, which are used primarily on the northern and southwestern U.S. borders.
Read More @ BostonHerald.com

Is Prepping Worth it? What if Nothing Happens? Is it all a Waste?

by Gaye Levy, Activist Post

Earlier this year, I ran across an blog post on the Directive 21 site that asked the question: What if Nothing Happens? The context was that of prepping. You know what I mean: the time, the expense, the worry, the whole shebang. Is it worth it, and, more to the point, will all of this effort be wasted?
We have six more months for the Doomsday 2012 events to unfold. And now that the end of the Mayan calendar has pretty much been dispelled, what is left?
Well let me see:
– Hurricane season is coming up
– Wildfires are spreading in the South and Midwest
– Shoot-em-ups of innocent bystanders are occurring in our cities
– Underemployment and unemployment means more and more citizens are living below poverty
– Governments around the globe are facing bankruptcy and the potential for total collapse
So gee, have a nice day too, right?
Read More @ Activist Post

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