Worldwide Economic Collapse Averted For Now? ‘Bailout Forces’ in Charge After Election Win in Greece
from CNBC:
Parties committed to Greece’s bailout were on course to secure a
parliamentary majority on Sunday and the radical leftists who had vied
for first place conceded defeat in an election that could keep the
debt-laden country in the euro zone.
An official projection
released by the interior ministry showed conservative New Democracy
taking 29.5 percent, with the radical leftist SYRIZA bloc just behind on
27.1. The PASOK Socialists were set to take 12.3 percent of the vote.
Because of a 50-seat bonus
given to the party which comes first, that result would give New
Democracy and PASOK 161 seats in the 300-seat parliament, in an alliance
committed to a 130 billion euro ($164 billion) EU/IMF bailout keeping
the country from bankruptcy.
“I am relieved,” smiling New Democracy leader Antonis Samaras told
Reuters, leaving his office to joyous chants from supporters. “I am
relieved for Greece and Europe. As soon as possible we will form a
government.”
Read More @ CNBC.comSocGen's Take On The Greek Elections And What Happens Next
"MARKET ISSUES: Greek euro exit fears are likely to ease for now, but even in this best case outcome, Greece will continue to struggle to meet programme targets and renegotiation with a possible third programme for Greece will soon have to be addressed. Moreover, this does not solve the fundamental issues weighing on Spain and Italy."
by James Turk, Gold Money:
It has been over a year since Mr Axel Weber made his surprise
decision not to seek the top post at the European Central Bank, which
led soon thereafter to his resignation as president of the Bundesbank.
These events transpired at a critical moment for the euro. The Greek
crisis was still simmering, and borrowing costs across southern Europe
were rising, raising fears that other countries might follow the path of
Greece, Ireland and Portugal in needing bailouts.The Wall Street Journal reported at the time that Mr Weber’s announcement “undermined a key plank” of Chancellor Angela Merkel’s “strategy to restore Germans’ confidence in the euro.” It went on to say that she “had hoped to win back Germans’ trust in the single currency by installing a German as head of the ECB.”
It was a logical strategy, given the confidence the German people place in the leaders of the Bundesbank, and indeed, in that venerated institution itself. It is a trust well-deserved given that for 50 years the Bundesbank guided the Deutschemark to a record of stability unmatched by any other central bank, except Switzerland, which was pursuing a similar policy based upon German monetary discipline.
Read More @ GoldMoney.com
by Harvey Organ, HarveyOrgan.Blogspot.ca:
Before
I commence with my commentary, it saddens me to report that we have 3
new entrants who on Friday took their last breath as they succumbed to
the wishes of the FDIC and entered our hallowed morgue.
1. Farmers Bank of Lynchburg Tennessee
2. Security Exchange Bank of Marietta Georgia
3. Putnam State Bank from the great metropolis Palatka Florida.
Gold closed up on Friday to the tune of $6.60 to $1627.00 whereas silver still seems to be under the banking cartels control with respect to price. On Friday, the silver price rose 33 cents to $28.73.
The big news from Europe was the big downgrade of the 5 Dutch banks, with the two biggies, Amro and Rabobank included in that list. The Spanish 10 yr yield hit 7% early in the session but later sold off in yield to finish at a yield of 6.88%. The Italian 10 yr bond crossed below the 6% level finishing at 5.92%. Retail sales from Holland plummeted by 11% last month in a performance worse than Spain’s 9.7%.
Read More @ HarveyOrgan.Blogspot.ca
Before
I commence with my commentary, it saddens me to report that we have 3
new entrants who on Friday took their last breath as they succumbed to
the wishes of the FDIC and entered our hallowed morgue.1. Farmers Bank of Lynchburg Tennessee
2. Security Exchange Bank of Marietta Georgia
3. Putnam State Bank from the great metropolis Palatka Florida.
Gold closed up on Friday to the tune of $6.60 to $1627.00 whereas silver still seems to be under the banking cartels control with respect to price. On Friday, the silver price rose 33 cents to $28.73.
The big news from Europe was the big downgrade of the 5 Dutch banks, with the two biggies, Amro and Rabobank included in that list. The Spanish 10 yr yield hit 7% early in the session but later sold off in yield to finish at a yield of 6.88%. The Italian 10 yr bond crossed below the 6% level finishing at 5.92%. Retail sales from Holland plummeted by 11% last month in a performance worse than Spain’s 9.7%.
Read More @ HarveyOrgan.Blogspot.ca
by Mandy Valencia, Mail Tribune:
An Ashland woman says she buried a safe containing $262,000 in gold
Krugerrands in her backyard two years ago. But when she went to dig it
up earlier this year, it was gone.
The woman told police she began buying gold in 2006. She said when she returned to dig up the safe, she found other containers of money and precious metals that she had buried, but not the safe.
Read More @ mailtribune.com
The woman told police she began buying gold in 2006. She said when she returned to dig up the safe, she found other containers of money and precious metals that she had buried, but not the safe.
Read More @ mailtribune.com
by Anthony Wile, The Daily Bell:
UN-Water Survey
Examines Water Law Reform … Twenty years ago this June world leaders
gathered in Rio de Janeiro for an Earth Summit to develop an action plan
for sustainable development. They discussed a wide variety of topics
including climate change, alternative sources
of energy to replace fossil fuel and the growing scarcity of water.
This June, world leaders will gather once again for the Rio+20
Conference to examine the progress that has been made. – WaterWorld
Here we go again!
Leading proponents of “leveling” are preparing to descend on Brazil for the upcoming Rio+20 Earth Summit, hosted by the United Nations, and one of the items on the menu will be a re-valuation of the UN’s muddled Integrated Water Resources Management (IWRM) initiative.
The results will doubtless be a further weakening of property rights around the world under the guise of communitarianism and outright socialism.
Read More @ TheDailyBell.com
UN-Water Survey
Examines Water Law Reform … Twenty years ago this June world leaders
gathered in Rio de Janeiro for an Earth Summit to develop an action plan
for sustainable development. They discussed a wide variety of topics
including climate change, alternative sources
of energy to replace fossil fuel and the growing scarcity of water.
This June, world leaders will gather once again for the Rio+20
Conference to examine the progress that has been made. – WaterWorldHere we go again!
Leading proponents of “leveling” are preparing to descend on Brazil for the upcoming Rio+20 Earth Summit, hosted by the United Nations, and one of the items on the menu will be a re-valuation of the UN’s muddled Integrated Water Resources Management (IWRM) initiative.
The results will doubtless be a further weakening of property rights around the world under the guise of communitarianism and outright socialism.
Read More @ TheDailyBell.com
from KingWorldNews:
With investors around the world wondering what can be done to fix the
broken financial system, today Michael Pento, of Pento Portfolio
Strategies, writes exclusively for King World News to let readers know
what to expect and how to fix the system as it continues to collapse.
Here is what Pento had to say about the situation: “We now live
in a phony economic world where central bankers rule without check.
Any hint of weakening data, which is actually a sign of reality and
healing returning to the economy, is quickly met with the promise of
more disastrous money printing. Last week we saw U.S. factory orders
down and initial jobless claims rise. In Europe, we saw the Spanish
bank bailout fall flat on its face and interest rates spike in Spain and
Italy.”
Pento continues @ KingWorldNews.com
With investors around the world wondering what can be done to fix the
broken financial system, today Michael Pento, of Pento Portfolio
Strategies, writes exclusively for King World News to let readers know
what to expect and how to fix the system as it continues to collapse.
Here is what Pento had to say about the situation: “We now live
in a phony economic world where central bankers rule without check.
Any hint of weakening data, which is actually a sign of reality and
healing returning to the economy, is quickly met with the promise of
more disastrous money printing. Last week we saw U.S. factory orders
down and initial jobless claims rise. In Europe, we saw the Spanish
bank bailout fall flat on its face and interest rates spike in Spain and
Italy.”Pento continues @ KingWorldNews.com
by J. D. Heyes, Natural News:
As the fallout – no pun intended – from Japan’s tsunami-damaged
nuclear reactors at its Fukushima complex continues to worsen,
scientists are now concerned about another related phenomenon that
appears to be invading the U.S. West Coast – buckyballs.
What, exactly, are those? According to a recent University of California – Davis study, in this case the term refers to uranium-filled nanospheres which were “created from the millions of tons of fresh and salt water used to try to cool down the three molten cores of the stricken reactors,” said Michael Collins, of EnviroReporter.com – not the small, magnetic balls that cling to each other.
The tiny, stout buckyballs – which resemble soccer balls – are said to have been formed when water hit the super-heated, primarily uranium-oxide, fuel in the damaged reactors at Fukushima. “In this goo buckyballs are formed, loaded with uranium and able to move quickly through water without disintegrating,” said the report.
Read More @ NaturalNews.com
As the fallout – no pun intended – from Japan’s tsunami-damaged
nuclear reactors at its Fukushima complex continues to worsen,
scientists are now concerned about another related phenomenon that
appears to be invading the U.S. West Coast – buckyballs.What, exactly, are those? According to a recent University of California – Davis study, in this case the term refers to uranium-filled nanospheres which were “created from the millions of tons of fresh and salt water used to try to cool down the three molten cores of the stricken reactors,” said Michael Collins, of EnviroReporter.com – not the small, magnetic balls that cling to each other.
The tiny, stout buckyballs – which resemble soccer balls – are said to have been formed when water hit the super-heated, primarily uranium-oxide, fuel in the damaged reactors at Fukushima. “In this goo buckyballs are formed, loaded with uranium and able to move quickly through water without disintegrating,” said the report.
Read More @ NaturalNews.com
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