We The Sheeplez- The Coming Economic Collapse.."A Nation Of Sheep Ruled By Wolves" Thomas Jefferson

Friday, June 29, 2012

Juncker 'Hoped For More' As Italy And Spain (Oh, And Ireland Now) Get (To Share Same-Size) 'Band-Aid'

So To Clarify: Dropped seniority and overseeing of ESM (unratified) and EFSF rescue funds (which will not be boosted in size) to fund not just Italy and Spain but Ireland too...conditioned on agreeing to EU banking oversight
UPDATE:

*MONTI SAYS EURO LEADERS HAVE NO PLAN FOR BOOSTING BAILOUT FUNDS
*ITALY HAS NO INTENTION TO `APPLY FOR THIS,' MONTI SAYS
*IRELAND'S KENNY SAYS WHAT WAS IMPOSSIBLE IS NOW POSSIBLE

Early morning (drunk-dialing/texting) headlines from the EU Summit that there has been some short-term measures approved in terms of the removal of the seniority preference for ESM/EFSF rescue fund recaps of Italian and Spanish banks (though no details of the levels of dilution, cram-downs, or amounts have been discussed). The market, being as thin as it can be, is ripping higher on this realistically 'not much' news - though clearly someone 'blinked' a little. Headlines via Bloomberg:

*EURO LEADERS RENOUNCE SENIORITY ON SPAIN LOANS
*EURO LEADERS AGREE TO OPEN FUNDS WITHOUT AUSTERITY PROGRAMS
*BANKS CAN RECAPPED DIRECTLY WITH AID FUNDS, VAN ROMPUY SAYS

But it's not all free-money and unicorn tears:

*MERKEL SAYS EU LEADERS TO CONTINUE WORK ON LONG-TERM MEASURES
*JUNCKER SAYS WOULD HAVE `HOPED FOR MORE' FROM EU SUMMIT
*EU BANK SUPERVISION IS CONDITION FOR ESM LOANS TO BANKS: RUTTE

Full EU Summit Statement (In All Its Conditional Wishy-Washy Glory)

The early Friday morning release of an entirely conditional 'plan' for a 'plan' that will likely require the ESM contracts to be torn up and a new contract to be re-ratified (by ALL members - including Finland and Germany), due to the stripping of the ESM seniority via the EFSF 'workaround', was high-fived by any and all EU leader still standing. Is it any wonder (given the conditionality and ratifications required) that the best the market could manage, on what is now obviously nothing but yet another watered-down talking-point ridden 'promise-of-more-to-come' plan (as opposed to the impossible becoming possible as Ireland's Kenny so eloquently described it), is a 1% pop in US equity futures.

Obamacare Complicated? Check Out The Flow Chart

by The Daily Bail:

As this graphic shows, the new law creates 68 grant programs, 47 bureaucratic entities, 29 demonstration or pilot programs, 6 regulatory systems, 6 compliance standards and 2 entitlements. What could possibly go wrong with something so-well organized?
This chart was meticulously compiled over the last four months after perusing the 2,841 pages of Obamacare that no one who voted for the bill bothered to read. This so-called “reform” has morphed into a new monstrosity of mandates, taxes & rationing, it will hurt seniors and hand healthcare into a bureaucracy which has now taken over 1/6 of our economy. This is a massive expansion of government & the bewildering complexity of this new law is overwhelming.
The HHS czar, Kathleen Sebelius, has 2200 references in the law and 600 new authorities which cannot be challenged. On the chart everything in dark blue to the left are expansions, orange are those empowered with rationing healthcare in the future. In the bottom left hand corner in blue, 150 new bureaucracies and boards have been created between doctor and patient. Those in yellow are specific mandates and there are 17 new mandates on insurance. Rep. Brady stated this law is so complex he couldn’t get the chart to fit on one page, the chart is only actually 1/3 of the size of the law so he shows “bundles of bureaucracy.” For example, one brown bundle hides 59 grant programs. Green diamonds are the taxes this law has created. In the far right corner are 19 special interest provisions, including the “Louisiana Purchase” and special interests for unions.
Read More @ TheDailyBail.com

Mitt Romney’s 13 Globalist ‘Working Groups’ Exposed

by Brandon Turbeville, Activist Post

A few weeks ago, I wrote an article entitled “Romney’s Foreign Policy Advisers Exposed as Globalists” where I compiled a list of the 22 individuals selected by Mitt Romney to serve as his foreign policy advising team back in October 2011.
Along with the names of each of these individuals, I included a list of globalist, neo-con, or otherwise nefarious organizations or government offices that they belong to or have belonged to in the past.
Besides announcing a foreign policy advising team, Romney also announced 13 (interesting number) working groups dedicated to regional and issue-specific policies. It is not surprising that the individuals, although somewhat less important in terms of their pedigree, are themselves diehard globalists.
As I wrote in my last article dealing with this subject:

Considering Romney’s attendance at the 2012 Bilderberg meeting and the apparent tendency of the elite in leaning to Romney as the next president, it is imperative that those who are aware of the forces truly guiding the United States and the rest of the world be prepared to shift gears, even if it is only temporary, and begin to expose Mitt Romney as the criminal globalist that he is.

Read More @ Activist Post

LaRouchePAC Takes Action: On The Ground From Washington, DC

from laroucheyouth:

LaRouchePAC volunteers descended on Washington, DC to expose the fact that Ben Bernanke and Timothy Geithner are demanding that Congress prepare emergency legislation for a mega-bailout of Europe.

How To Barter

from SHTFPlan:

If you’ve never bartered, here are some steps to get you started:
Figure out what you want. In an emergency situation, assess your needs. What things do you need and what things do you want?
Figure out what you can give. Think about what things you would sell if you had a garage sale tomorrow? Is any of it valuable? What skills or hobbies do you have that you can teach someone? What chores do you enjoy doing?
Identify a trading partner. Try to find someone that you know is in need of one of the skills or goods that you have. If you can’t readily find someone, make a list of those you know that might need a skill or good that you have.
Negotiate and ask. Come with an idea of what you want. For example, “I would like to exchange my first born child for your flock of geese.” Don’t go to the trade without an idea of what you want.
Read More @ SHTFPlan.com