Submitted by Tyler Durden on 03/18/2015 - 09:57
Dear Greek readers: the writing is now on the wall, and it is in very clear 48-point, double bold, and underlined font: when the ECB "leaks" that it is modelling a Grexit, something Draghi lied about over and over in 2012 and directly in our face too, take it seriously, because it is time to start planning about what happens on "the day after." And incidentally to all those curious what the fair value of peripheral European bonds is excluding ECB backstops, the ECB has a handy back of the envelope calculation: a 95% loss.
Grexit Contagion Resumes After IMF Slams "Most Unhelpful Client Ever"
Submitted by Tyler Durden on 03/18/2015 - 09:20 Draghi, we have a problem. Despite the omnipotent buying power of the all-knowing ECB, peripheral European bond spreads are blowing out again (and stocks dropping) as Grexit fears start to spread contagiously across the continent. As Greece's cash crunch looms ever closer (with capital controls looming) and bulls "throw in the towel" on the "nuts" Greeks, the IMF has come out and rubbed Mediterranean salt into that wound by telling the Eurogroup that Greece is the most unhelpful country the organization has dealt with in its 70-year history. As Bloomberg reports, in a short and bad-tempered conference call on Tuesday, officials from the 'Troika' complained that Greek officials aren’t adhering to a bailout extension deal leaving Dijsselbloem hinting at Cypriot templates for Greece.
Hilsenrath's FOMC Preview: "No More Promises, Fed Is Injecting Uncertainty Back Into The Market"
Submitted by Tyler Durden on 03/18/2015 - 11:17 There have been countless previews of the FOMC statement at 2pm today, all of them largely worthless and regurgitating the same exact stuff. The only one that matters, as it is the only one with the explicit blessing of the Fed (see "On The New York Fed's Editorial Influence Over The WSJ") in its attempt to manage expectations: that "drafted" by Jon Hilsenrath. And if what the WSJ economist writes in "Fed to Markets: No More Promises" is accurate, then fasten your seat belts, ladies and gentlemen, because we are about to enter some turbulence. "The Federal Reserve is about to inject uncertainty back into financial markets after spending years trying to calm investors’ nerves with explicit assurances that interest rates would remain low."from Peter Schiff:
by Michael Krieger, Liberty Blitzkrieg:
Over the past couple of months, I’ve launched a series of posts titled
either “Hilary Clinton Exposed” or “Jeb Bush Exposed,” in order to call
attention to the deplorable and embarrassing fact that the American
citizenry is being set up to choose between two awful candidates, both
from dynastic and corrupt political families.One thing I’ve realized over the past half-decade or so, is how incredibly slow genuine political change can be. Societies can be well aware of how despicable, useless and criminal their so-called political “leaders” are, yet it still can take decades or more to usher in real, sustainable paradigm level change. This is sort of the curse of being aware and awake, but it’s a burden I and all of you reading this share together.
Read More @ Libertyblitzkrieg.com
Surprise: Tech Company Valuations Are Completely Made Up
Submitted by Tyler Durden on 03/18/2015 - 10:55 We thought private tech company valuations looked ridiculous, but as the VC world will patiently explain to you, things like cash flow and operating costs actually don't matter, and "valuation" doesn't mean what you thought it meant.
by J. D. Heyes, Natural News:
Press freedom took a major hit last year, according to the 2015 World
Press Freedom Index, a measurement of the state of journalism put
together annually by the group Reporters Without Borders.
Because of a rise in warfare, growing threats from non-state actors, worsening economies and violence during demonstrations, freedom in media is retreating on all of the world’s continents, reports Zero Hedge. In fact, there was a major decline in press freedom between 2013 and 2014; two-thirds of the 180 countries surveyed for the latest press freedom index lost important ground from the previous year.
The financial analysis site further noted:
The annual global indicator, which measures the overall level of violations of freedom of information in 180 countries year by year, has risen to 3,719, an 8 percent increase over 2014 and almost 10 percent compared with 2013.
Surprisingly, that includes the United States. Indeed, for a country whose founders made freedom of the press a guaranteed right and even wrote it into the nation’s founding governing document, the United States is, in many respects, no longer a bastion of press freedom.
Read More @ NaturalNews.com
from Gold Core:
The price of gold is forecast to double in the next 15 years, and
growing wealth across Asia, particularly in China and India, will lead
to demand for gold bullion and send its value soaring, a new study from
ANZ predicts.
ANZ’s just released report `East to El Dorado: Asia and the Future of Gold’ says the price of gold could exceed $2,400 per ounce by 2030, more than double its current value of around $1,150.
Since 2003, we have said that gold was likely to surpass its real record high or inflation adjusted high of $2,400 per ounce due to store of value, investment and central bank monetary demand.
Read More @ GoldCore.com
from The Wealth Watchman:
Ya ever heard that old saying, “Ya catch more flies with honey than with vinegar”?
Ah good, because DC and “the City” sure haven’t!
As many here know, the East has been trying to formulate its banking alternatives for its member states these past several years. This is of monumental importance to Eurasian alliances, because without a network of lending institutions of their own, they’ve often been at the (lack of) mercy of the Western banking powers. For several years now, Eastern alliances such as the BRICS, have made a great deal of progress on this front.
That progress has been met with fear and loathing from DC and London, as previously, they’ve enjoyed the perks from being the world’s predatory lender through institutions like the World Bank and IMF.
Read More…
/
Press freedom took a major hit last year, according to the 2015 World
Press Freedom Index, a measurement of the state of journalism put
together annually by the group Reporters Without Borders.Because of a rise in warfare, growing threats from non-state actors, worsening economies and violence during demonstrations, freedom in media is retreating on all of the world’s continents, reports Zero Hedge. In fact, there was a major decline in press freedom between 2013 and 2014; two-thirds of the 180 countries surveyed for the latest press freedom index lost important ground from the previous year.
The financial analysis site further noted:
The annual global indicator, which measures the overall level of violations of freedom of information in 180 countries year by year, has risen to 3,719, an 8 percent increase over 2014 and almost 10 percent compared with 2013.
Surprisingly, that includes the United States. Indeed, for a country whose founders made freedom of the press a guaranteed right and even wrote it into the nation’s founding governing document, the United States is, in many respects, no longer a bastion of press freedom.
Read More @ NaturalNews.com
by Stefan Stanford, All News Pipeline:
From July 15th to September 15th of 2015, the US Army’s Green Berets,
US Navy Seals, US Marines Special Ops Command and US Air Force Special
Ops Command will be taking part in ‘Jade Helm 15′, 8 weeks of night time
drills in 7 states in the southwestern portion of America in which the
states of Texas and Utah are both labeled ‘hostile’ territory in the
‘drills’ as outlined in more detail in the US Army Special Ops Command
documents embedded below.
While US Army operations planner Thomas Mead tells mySouTex.com “this allows our soldiers to get a better training environment” and “you only get so much in a military environment”, his disclaimer is “you don’t get a true interaction with the public” which leads us to ask these questions: How much interaction do they expect with the public between the hours of 11 pm and 4 am, when these exercises will be taking place? Maybe even more importantly, what exactly is ‘mastering the human domain’, the exercise tag line seen in the image at the top of story?
According to several US Generals, the ‘human domain will dictate future wars’. Look deeply to understand exactly what is being said in the following quotes from the story.:
Read More @ Allnewspipeline.com
From July 15th to September 15th of 2015, the US Army’s Green Berets,
US Navy Seals, US Marines Special Ops Command and US Air Force Special
Ops Command will be taking part in ‘Jade Helm 15′, 8 weeks of night time
drills in 7 states in the southwestern portion of America in which the
states of Texas and Utah are both labeled ‘hostile’ territory in the
‘drills’ as outlined in more detail in the US Army Special Ops Command
documents embedded below. While US Army operations planner Thomas Mead tells mySouTex.com “this allows our soldiers to get a better training environment” and “you only get so much in a military environment”, his disclaimer is “you don’t get a true interaction with the public” which leads us to ask these questions: How much interaction do they expect with the public between the hours of 11 pm and 4 am, when these exercises will be taking place? Maybe even more importantly, what exactly is ‘mastering the human domain’, the exercise tag line seen in the image at the top of story?
According to several US Generals, the ‘human domain will dictate future wars’. Look deeply to understand exactly what is being said in the following quotes from the story.:
Read More @ Allnewspipeline.com
from The Daily Bell:
New
border deal: Canada customs agents could work in U.S., vice versa …
Canadian customs agents could soon work in the U.S. and carry firearms,
and the U.S. border guards could do the same in Canada, as a result of a
new border agreement between Canada and the U.S. – CBC
Dominant Social Theme: It makes a lot of sense for US and Canadian security personnel to work together – maybe under the same regime.
Free-Market Analysis: We last wrote about the nascent NAU in late January, in an article entitled, “Shock: CNN Editorial Calls for a North American Union.” Now, once more, these three large states seem to have taken another step toward unity. But before proceeding, let’s review the CNN article, which we quoted as follows:
Read More @ TheDailyBell.com
New
border deal: Canada customs agents could work in U.S., vice versa …
Canadian customs agents could soon work in the U.S. and carry firearms,
and the U.S. border guards could do the same in Canada, as a result of a
new border agreement between Canada and the U.S. – CBCDominant Social Theme: It makes a lot of sense for US and Canadian security personnel to work together – maybe under the same regime.
Free-Market Analysis: We last wrote about the nascent NAU in late January, in an article entitled, “Shock: CNN Editorial Calls for a North American Union.” Now, once more, these three large states seem to have taken another step toward unity. But before proceeding, let’s review the CNN article, which we quoted as follows:
Read More @ TheDailyBell.com
by Pam Martens and Russ Martens, Wall Street on Parade:
Last week the Press Club of Mexico honored Paul Craig Roberts with the
International Award for Excellence in Journalism. Roberts used the
occasion to call out a tainted brand of journalism in this country which
frequently involves “lying for the government and for the
corporations.”
Roberts is one of the most prolific writers in America and a former Assistant Secretary of the Treasury for Economic Policy. His journalism career includes Associate Editor of the Wall Street Journal, columnist for Business Week, Scripps Howard News Service and Creators Syndicate. Roberts has also been one of the most strident critics of both the George W. Bush and Obama administrations, calling them “vassals” of the corporate titans. Increasingly, Roberts sees the corporate media as a twin evil to Washington, writing recently that “the so-called ‘mainstream media’ has been transformed into a Ministry of Propaganda.”
Read More @ WallStreetonParade.com
Last week the Press Club of Mexico honored Paul Craig Roberts with the
International Award for Excellence in Journalism. Roberts used the
occasion to call out a tainted brand of journalism in this country which
frequently involves “lying for the government and for the
corporations.”Roberts is one of the most prolific writers in America and a former Assistant Secretary of the Treasury for Economic Policy. His journalism career includes Associate Editor of the Wall Street Journal, columnist for Business Week, Scripps Howard News Service and Creators Syndicate. Roberts has also been one of the most strident critics of both the George W. Bush and Obama administrations, calling them “vassals” of the corporate titans. Increasingly, Roberts sees the corporate media as a twin evil to Washington, writing recently that “the so-called ‘mainstream media’ has been transformed into a Ministry of Propaganda.”
Read More @ WallStreetonParade.com
Legislation would Turn Off Water and Electric to San Antonio Facility
from Activist Post:
A Texas legislator introduced a bill that would stop the independent
Texas power grid from being used to power mass, warrantless surveillance
by the NSA last week.
Rep. Jonathan Stickland (R) introduced House Bill 3916 (HB3916) on March 13. The legislation would prohibit any political subdivision in Texas from providing water or electricity to any federal agency “involved in the routine surveillance or collection and storage of bulk telephone or e-mail records or related metadata concerning any citizen of the United States and that claims the legal authority to collect and store the bulk telephone or e-mail records or metadata concerning any citizen of the United States without the citizen’s consent or a search warrant that describes the person, place, or thing to be searched or seized.”
“No water and no electricity means no super-computers. That will shut down NSA operations in Texas. If Congress doesn’t want to reform the NSA then we’ll just turn it off,” OffNow founder and associate director Michael Boldin said.
Read More @ Activist Post
from Activist Post:
A Texas legislator introduced a bill that would stop the independent
Texas power grid from being used to power mass, warrantless surveillance
by the NSA last week. Rep. Jonathan Stickland (R) introduced House Bill 3916 (HB3916) on March 13. The legislation would prohibit any political subdivision in Texas from providing water or electricity to any federal agency “involved in the routine surveillance or collection and storage of bulk telephone or e-mail records or related metadata concerning any citizen of the United States and that claims the legal authority to collect and store the bulk telephone or e-mail records or metadata concerning any citizen of the United States without the citizen’s consent or a search warrant that describes the person, place, or thing to be searched or seized.”
“No water and no electricity means no super-computers. That will shut down NSA operations in Texas. If Congress doesn’t want to reform the NSA then we’ll just turn it off,” OffNow founder and associate director Michael Boldin said.
Read More @ Activist Post
by Kurt Nimmo, Infowars:
The U.S. government says it has given al-Qaeda millions of dollars
“largely because of poor oversight and loose financial controls,”
reports The New York Times.
The money, supposedly part of a secret CIA fund to pay kidnappers, was used by al-Qaeda for operational costs and weapons.
The United States and Britain insist they do not pay ransom to terrorist groups. Details of the money transfers supposedly showed up in the papers of Osama bin Laden who was, according to the official war on terror narrative, killed in 2010 in Pakistan by U.S. Navy SEALs. In fact, according to multiples sources, the former CIA operator who headed up the Arab Afghans in the CIA’s war against the Soviet Union in Afghanistan died in late 2001, not 2010 as the government and its corporate media insist.
Read More @ Infowars.com
The U.S. government says it has given al-Qaeda millions of dollars
“largely because of poor oversight and loose financial controls,”
reports The New York Times.The money, supposedly part of a secret CIA fund to pay kidnappers, was used by al-Qaeda for operational costs and weapons.
The United States and Britain insist they do not pay ransom to terrorist groups. Details of the money transfers supposedly showed up in the papers of Osama bin Laden who was, according to the official war on terror narrative, killed in 2010 in Pakistan by U.S. Navy SEALs. In fact, according to multiples sources, the former CIA operator who headed up the Arab Afghans in the CIA’s war against the Soviet Union in Afghanistan died in late 2001, not 2010 as the government and its corporate media insist.
Read More @ Infowars.com
from KingWorldNews:
With everyone focused on the Fed meeting, today King World News
thought it was a good idea to take a step back and look at the big
picture of the war between gold and the Federal Reserve. This led to a
remarkable question: Is the price of gold headed above $12,000?
MacroTrends: This chart (below) shows the ratio of gold (priced in dollars) to the S&P 500 market index (currently .56). This ratio is a good indicator of investor confidence in the dollar/fiat currency system. A low ratio signifies high confidence (gold low, S&P high) and a high ratio signals a lack of confidence (gold high, S&P low). The ratio hit a peak of 5.94 back in January of 1980 when gold briefly traded over $800 an ounce.
Read more @ KingWorldNews.com
With everyone focused on the Fed meeting, today King World News
thought it was a good idea to take a step back and look at the big
picture of the war between gold and the Federal Reserve. This led to a
remarkable question: Is the price of gold headed above $12,000?MacroTrends: This chart (below) shows the ratio of gold (priced in dollars) to the S&P 500 market index (currently .56). This ratio is a good indicator of investor confidence in the dollar/fiat currency system. A low ratio signifies high confidence (gold low, S&P high) and a high ratio signals a lack of confidence (gold high, S&P low). The ratio hit a peak of 5.94 back in January of 1980 when gold briefly traded over $800 an ounce.
Read more @ KingWorldNews.com
The price of gold is forecast to double in the next 15 years, and
growing wealth across Asia, particularly in China and India, will lead
to demand for gold bullion and send its value soaring, a new study from
ANZ predicts.ANZ’s just released report `East to El Dorado: Asia and the Future of Gold’ says the price of gold could exceed $2,400 per ounce by 2030, more than double its current value of around $1,150.
Since 2003, we have said that gold was likely to surpass its real record high or inflation adjusted high of $2,400 per ounce due to store of value, investment and central bank monetary demand.
Read More @ GoldCore.com
Ya ever heard that old saying, “Ya catch more flies with honey than with vinegar”?Ah good, because DC and “the City” sure haven’t!
As many here know, the East has been trying to formulate its banking alternatives for its member states these past several years. This is of monumental importance to Eurasian alliances, because without a network of lending institutions of their own, they’ve often been at the (lack of) mercy of the Western banking powers. For several years now, Eastern alliances such as the BRICS, have made a great deal of progress on this front.
That progress has been met with fear and loathing from DC and London, as previously, they’ve enjoyed the perks from being the world’s predatory lender through institutions like the World Bank and IMF.
Read More…
from Washington’s Blog:
Not Theory … Admitted Fact
There are many documented false flag attacks, where a government carries out a terror attack … and then falsely blames its enemy for political purposes.
In the following instances, officials in the government which carried out the attack (or seriously proposed an attack) admit to it, either orally or in writing:
(1) Japanese troops set off a small explosion on a train track in 1931, and falsely blamed it on China in order to justify an invasion of Manchuria. This is known as the “Mukden Incident” or the “Manchurian Incident”. The Tokyo International Military Tribunal found: “Several of the participators in the plan, including Hashimoto [a high-ranking Japanese army officer], have on various occasions admitted their part in the plot and have stated that the object of the ‘Incident’ was to afford an excuse for the occupation of Manchuria by the Kwantung Army ….” And see this.
Read More @ WashingtonsBlog.com
Not Theory … Admitted FactThere are many documented false flag attacks, where a government carries out a terror attack … and then falsely blames its enemy for political purposes.
In the following instances, officials in the government which carried out the attack (or seriously proposed an attack) admit to it, either orally or in writing:
(1) Japanese troops set off a small explosion on a train track in 1931, and falsely blamed it on China in order to justify an invasion of Manchuria. This is known as the “Mukden Incident” or the “Manchurian Incident”. The Tokyo International Military Tribunal found: “Several of the participators in the plan, including Hashimoto [a high-ranking Japanese army officer], have on various occasions admitted their part in the plot and have stated that the object of the ‘Incident’ was to afford an excuse for the occupation of Manchuria by the Kwantung Army ….” And see this.
Read More @ WashingtonsBlog.com
from Western Journalism:
Americans wanted ‘Hope’ and ‘Change’ during the 2008 election cycle, but never expected that the ‘change’ would involve having Marxist-socialists occupying America at every level from the top down, who are hard at work dismantling the ‘America’ that we all know and love. Led by the most corrupt and least transparent president in American history, according to dozens of media stories, Obama–who is a proven Marxist and social-activist himself–seems intent on transforming America from a Constitutional Republic and the greatest beacon of light and freedom on earth to a miserable third-world socialist state, or worse. A very revealing way to judge Obama’s actions as president is made under the lens of his mentor’s handbook for social activism and ‘change’ titled ‘Rules For Radicals’.
Read More @ WesternJournalism.com
Americans wanted ‘Hope’ and ‘Change’ during the 2008 election cycle, but never expected that the ‘change’ would involve having Marxist-socialists occupying America at every level from the top down, who are hard at work dismantling the ‘America’ that we all know and love. Led by the most corrupt and least transparent president in American history, according to dozens of media stories, Obama–who is a proven Marxist and social-activist himself–seems intent on transforming America from a Constitutional Republic and the greatest beacon of light and freedom on earth to a miserable third-world socialist state, or worse. A very revealing way to judge Obama’s actions as president is made under the lens of his mentor’s handbook for social activism and ‘change’ titled ‘Rules For Radicals’.
Read More @ WesternJournalism.com
from The Daily Coin:
Read More @ TheDailyCoin.org
With interest rate at this level,
at any other time in American history we would have had a raging
homebuying mania right now…We’re [the Government] what we can to increase speculation out there and that would never be a good thing. – John Rubino, Shadow of Truth
As Hemingway famously remarked in reference to how one goes bankrupt:
“Two ways, gradually and suddenly” (“The Sun Also Rises”). The U.S.
Government, absent the power of an unfettered money printing press, is
technically insolvent. Based on the latest TIC (Treasury International
Capital) report, foreigners dumped $55 billion in U.S. Treasury
holdings in January (there’s a two-month lag in the data). It was the
second largest monthly outflow of foreign capital from Treasuries since
late 2008.Read More @ TheDailyCoin.org
by Mac Slavo, SHTFPlan:
Recently, SHTF has pointed out the rise of China and their aim to become a major part of the new global reserve currency, and hence a major weight in the new global order.
China’s renminbi is positioning for major global exchange; the BRICS development bank is taking off, to the chagrin of the U.S. axis of global finance; and the IMF is talking with China about the likelihood of including the yuan in the “basket of currencies” that make up SDRs, or Special Drawing Rights that already includes the dollar, the pound, the euro and the yen:
Read More @ SHTFPlan.com
Recently, SHTF has pointed out the rise of China and their aim to become a major part of the new global reserve currency, and hence a major weight in the new global order.
China’s renminbi is positioning for major global exchange; the BRICS development bank is taking off, to the chagrin of the U.S. axis of global finance; and the IMF is talking with China about the likelihood of including the yuan in the “basket of currencies” that make up SDRs, or Special Drawing Rights that already includes the dollar, the pound, the euro and the yen:
Read More @ SHTFPlan.com
Violent Clashes Break Out Next To New ECB Headquarters In Frankfurt As Thousands Protest Austerity: Live Webcast
Submitted by Tyler Durden on 03/18/2015 - 07:38 It's not just Greece which is protesting the utter lack of reforms enabled by the ECB known as "austerity" - as of today so is Germany itself with the so-called #Blockupy movement. According to local media reports, the start of anti-austerity rallies in Frankfurt coincided with the European Central Bank opening its new headquarters, whose occupants are now besieged by tens of thousands of protesters, so perhaps #OccupyQ€ would have been more appropriate. Police said they expect around 10,000 anti-capitalist protesters, marching under the banner of leftist alliance Blockupy, to attend the rally, with a march through the city planned for later in the evening. The result is what according to a police spokesman "is one of the biggest deployments ever in the city."VIX Just Flash-Crashed
Submitted by Tyler Durden on 03/18/2015 - 09:38 We suspect any second now, one (or all) of the exchanges will break as VIX just flash-crashed from 16 to 13.69...
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_ubpclFrAumhQCterJj_s74cfy6YUADf45epZkKyjmIy9Jpx76bpEMJysEFxHlZZncxGADhQzsKFdj-NQPbKd2ZvHzg9Zsc1NLUyRsUP1PFIdrpLO82Ir-10H7rd9_NiEe17A=s0-d)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sScXD2X-vsU7oY3rTyO17dYi7X0_0MwBOLM3_0d6VPR1KZjjiwdE1qFOT_Mk3jIMZQ7klqq3b7I_gDq-WsqLBS1X2O-claTqHzB1HoaXRkoaaky-FMSq-5NKcc5QsguXw1BXyq=s0-d)
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