The election results from Greece are in and the pro-bailout forces have
won, but just barely. It is being projected that the pro-bailout New
Democracy party will have about 130 seats in the 300 seat parliament,
and Pasok (another pro-bailout party) will have about 33 seats. Those
two parties have alternated ruling Greece for decades, and it looks like
they are going to form a coalition government which will keep Greece in
the euro. On Monday we are likely to see financial markets across the
globe in celebration mode. But the truth is that nothing has really
changed. Greece is still in a depression. The Greek economy has
contracted by close to 25 percent
over the past four years, and now they are going to stay on the exact
same path that they were before. Austerity is going to continue to
grind away at what remains of the Greek economy and money is going to
continue to fly out of the country at a very rapid pace. Greece is still
drowning in debt and completely dependent on outside aid to avoid
bankruptcy. Meanwhile, things in Spain and Italy are rapidly getting
worse. So where in that equation is room for optimism?Read More @ TheEconomicCollpaseBlog.com
The Tiresome Eurozone Soap Opera Has Entered Re-Runs
What's more tiresome than a hastily rehearsed soap opera that replays the same boring plots again and again? Re-Runs of that soap opera. The Eurozone "drama" is now in re-runs and I for one am switching channels. Nothing will change until some critical part of the worm-eaten, corrupt construct of artifice and denial collapses in a heap. Until then, all we have is replays of the same boring plot lines:Put-upon Greece: We were just minding our business here in the sunny south, living happily on borrowed billions in a thoroughly corrupt Status Quo, and suddenly we're debt-serfs squeezed by rapacious Eurozone enforcers of the banking cartel. What did we do to deserve this? It's not fair.
Put-upon Germany: We were just minding the store here, racking up 40% of our GDP in exports and raking in bank profits loaning money to our Eurozone compatriots, when suddenly everyone who's lived beyond their means demands that we refinance their debts because we're rich. Excuse us, but did anyone look at how we got rich? Hard work, cuts in spending, high taxes and a tight lid on wages. What did we do to deserve this? It's not fair.
Married couple in counseling: France and Germany: It's all his/her fault. They never bothered to understand me, etc.
from KingWorldNews:
With many investors wondering what to expect in the aftermath of the
Greek elections, today 40 year veteran, Robert Fitzwilson, wrote the
following piece exclusively for King World News. Fitzwilson is founder
of The Portola Group, one of the premier boutique firms in the United
States. Here are Fitzwilson’s observations: “Investors and
savers alike are transfixed on the election in Greece. The headline
issues were whether or not Greece would retain the Euro, stay in the
eurozone, return to the drachma, default on the debt owed to European
entities or a combination of the above. We believed those outcomes were
secondary to the much more important issues.”
Fitzwilson continues @ KingWorldNews.com
With many investors wondering what to expect in the aftermath of the
Greek elections, today 40 year veteran, Robert Fitzwilson, wrote the
following piece exclusively for King World News. Fitzwilson is founder
of The Portola Group, one of the premier boutique firms in the United
States. Here are Fitzwilson’s observations: “Investors and
savers alike are transfixed on the election in Greece. The headline
issues were whether or not Greece would retain the Euro, stay in the
eurozone, return to the drachma, default on the debt owed to European
entities or a combination of the above. We believed those outcomes were
secondary to the much more important issues.”Fitzwilson continues @ KingWorldNews.com
from John Galt FLA:
Uh, someone with some money realizes that this is becoming a joke. In
the old days, a rigged election or leak about “coordinated bailout”
would cause the futures to skyrocket some 300-500 Dow points. Here they
are getting “their boy” into office in Athens and this is all they got?
Perhaps someone actually looked at a map and realize that Ireland, Hungary, Portugal, Spain, and Italy are still on the “oh hell no we’re all going to die” map also. That and the fact that Greece still will never be able to pay everything back.
Uh, someone with some money realizes that this is becoming a joke. In
the old days, a rigged election or leak about “coordinated bailout”
would cause the futures to skyrocket some 300-500 Dow points. Here they
are getting “their boy” into office in Athens and this is all they got?Perhaps someone actually looked at a map and realize that Ireland, Hungary, Portugal, Spain, and Italy are still on the “oh hell no we’re all going to die” map also. That and the fact that Greece still will never be able to pay everything back.
from Debka.com:
Moscow is using the time up until Russian President Vladimir Putin
faces US President Barack Obama across the G20 conference table in Los
Cabos, Mexico Sunday, June 17 – or in its corridors – to ship
sophisticated arms to Syria able to prevent a no-fly zone and a fleet of
warships to the Mediterranean port of Tartus.
While Pentagon sources Friday disclosed the approach of a “small contingent” of Russian warships to Tartus, debkafile’s military and intelligence sources have discovered that heading for the Russian base at this Syrian port is a Russian fleet that includes Ropucha-toad or Project 775 class landing-craft carrying Russian marines. Each craft can carry 250 marine personnel and 500-ton armored vehicles.
And flying overhead are Russian air transports that are touching down at Syrian air bases bearing, according to our sources, a variety of sophisticated munitions for the Syrian army: advanced Russian Pantsyr-S1 anti-air missiles capable of hitting fighter-bombers flying at an altitude of 12 kilometers and cruise missiles; self-propelled medium range anti-air Buk-M2 missiles (NATO codenamed SA-11). They are capable of downing aircraft flying at an altitude of 14 kilometers and Mach 32 speed; and shore-based Bastion anti-ship missiles which can reach vessels sailing 300 kilometers out to sea.
Read More @ Debka.com
Moscow is using the time up until Russian President Vladimir Putin
faces US President Barack Obama across the G20 conference table in Los
Cabos, Mexico Sunday, June 17 – or in its corridors – to ship
sophisticated arms to Syria able to prevent a no-fly zone and a fleet of
warships to the Mediterranean port of Tartus.While Pentagon sources Friday disclosed the approach of a “small contingent” of Russian warships to Tartus, debkafile’s military and intelligence sources have discovered that heading for the Russian base at this Syrian port is a Russian fleet that includes Ropucha-toad or Project 775 class landing-craft carrying Russian marines. Each craft can carry 250 marine personnel and 500-ton armored vehicles.
And flying overhead are Russian air transports that are touching down at Syrian air bases bearing, according to our sources, a variety of sophisticated munitions for the Syrian army: advanced Russian Pantsyr-S1 anti-air missiles capable of hitting fighter-bombers flying at an altitude of 12 kilometers and cruise missiles; self-propelled medium range anti-air Buk-M2 missiles (NATO codenamed SA-11). They are capable of downing aircraft flying at an altitude of 14 kilometers and Mach 32 speed; and shore-based Bastion anti-ship missiles which can reach vessels sailing 300 kilometers out to sea.
Read More @ Debka.com
from KingWorldNews:
Egon von Greyerz (EvG): Founder and Managing Partner of Matterhorn
Asset Management AG & GoldSwitzerland. Since the 1990s Egon von
Greyerz has been actively involved with financial investment activities
including Mergers and Acquisitions and Asset allocation consultancy for
private family funds. This led to the creation of Matterhorn Asset
Management -MAM an asset management company based on wealth preservation
principles. MAM is part of the Aquila Group, Switzerland’s largest
independent asset management group. EvG makes regular media appearances
on CNBC, BBC, etc. and publishes articles on the world economy and
wealth preservation.
LISTEN NOW @ KingWorldNews.com
Egon von Greyerz (EvG): Founder and Managing Partner of Matterhorn
Asset Management AG & GoldSwitzerland. Since the 1990s Egon von
Greyerz has been actively involved with financial investment activities
including Mergers and Acquisitions and Asset allocation consultancy for
private family funds. This led to the creation of Matterhorn Asset
Management -MAM an asset management company based on wealth preservation
principles. MAM is part of the Aquila Group, Switzerland’s largest
independent asset management group. EvG makes regular media appearances
on CNBC, BBC, etc. and publishes articles on the world economy and
wealth preservation.LISTEN NOW @ KingWorldNews.com
by The Daily Bell:
Daily Bell:
Hello again. Thanks for sitting down with us. It’s almost time for
FreedomFest again this year. Why don’t you fill our readers in on
FreedomFest generally, the nuts and bolts of this year’s event and why
you believe this is the most important FreedomFest in the history of
your conferences?Mark Skousen: Thanks for contacting me again. Our political, financial and personal liberties are slowly but surely being squeezed, with dire consequences. Due to one series of government-induced crises after another, our world is facing more and more instability and controls, and losses of wealth and freedom. “Mandated” and “prohibited” are the two watchwords of today.
What to do? I’ve felt for some time the need for everyone in the freedom movement to gather together once a year (actually physically meeting in one location, not just emailing, texting, blogging or tweeting) to learn what’s really going on in Washington and around the world, to network and create bridges with like-minded individuals, to develop ways to counter our losses, to rebuild our standard of living and finally, to celebrate our freedoms, or what is left of them – and maybe even turn the tide away from the growing welfare-warfare state.
Read More @ TheDailyBell.com
This just in from our friend Dean Arif, Program Director of Dinihari
Dinar in Kuala Lumpur, Malaysia. Dean sent us the following videos which
help quantify the progress being made throughout the region to give the
population physical gold and silver alternatives to fiat currency.
You can see our pal Dean in the first clip at :38 seconds in, giving a lecture on the fractional reserve banking system. Despite the endless mainstream media and Pentagon propaganda which demonizes much of the Islamic world, videos like these are wonderful to see because they remind us that all over the world people are people, and just like us – they long to live their lives in peace, free from the chains of the fiat Banksters.
Part 2
from wepollock:
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