Wednesday, May 20, 2015

The Gloves Come Off: Moody's Warns Of Greek "Deposit Freeze" As Schauble "Won't Rule Out Default"


Asked whether he would repeat an assurance he gave in late 2012 that Greece wouldn't default, Wolfgang Schäuble told The Wall Street Journal and French daily Les Echos that “I would have to think very hard before repeating this in the current situation.” To which Moody's had just one thing to add: "there is a high likelihood of an imposition of capital controls and a deposit freeze."



Militarization Is More Than Tanks & Rifles: It’s a Cultural Disease, Acclimating Citizens To Life In A Police State

The problems we’re grappling with have been building for more than 40 years. They’re not going to go away overnight, and they certainly will not be resolved by a report that instructs the police to simply adopt different tactics to accomplish the same results - i.e., maintain the government’s power, control and wealth at all costs. This is the sad reality of life in the American police state.




Putin Pans Ukraine's Debt Moratorium As "De Facto Default", Threatens Court

In exactly a month, Ukraine will owe Russia a $75 million debt coupon payment. Finance Minister Anton Siluanov told reporters in Moscow today that "if they miss the payment, we will use our right to go to court." Then it got serious, as Vladimir Putin instructed Russian Prime Minister Dmitry Medvedev to assume control of Ukraine's repayment of its $3-billion debt in Eurobonds that Russia bought in 2013, slamming Ukraine's bill allowing them to impose a moratorium on foreign debt repayments as a de facto announcement of default. As one market participant warned, "I would wait until after June 20 to go forward with" any moratorium, as "if Russia takes Ukraine to court, that might be an incentive for other creditors to go down the same route."



4 Factors Signaling Volatility Will Return With A Vengeance

The uncertainty surrounding the inevitability, if not the exact timing, of multiple and possibly overlapping volatility drivers is itself a source of volatility. For the average person, these signs can be scary. Taking steps to avoid the circus as much as possible, such as extracting money from the markets, securing personal assets, and waiting out the swings, can be a source of emotional comfort and future financial stability.



In India, Gold Is Not Only Money But Now Pays Interest

Despite Bernanke's previous protestations that "gold is not money... it is tradition," in an effort to mobilise 20,000 tonnes of unproductive gold owned by Indian households into cash, Reuters reports that - after unveiling the gold monetisation scheme on Feb 28th, India's FinMin Arun Jaitley released bank guidelines overnight on interest rates, reserve and liquidity ratios. The scheme "allows gold to become a dynamic, fungible asset in the hands of gold savers," offering incentives (interest payable in gold) to convince households, who sometimes have little faith in financial institutions, to break the tradition and hand over gold passed down the generations.





China Bails Out Brazil In $50 Billion Regional Power Grab

On the heels of pledging $46 billion in infrastructure aid to Pakistan, China is set to invest as much as $50 billion in Brazil including $10 billion on a cross-mountain railway that will connect Latin America's largest economy with Peru's ports in what Premier Li calls "a new road to Asia." The move is a dramatic example of China's growing foothold in what is ostensibly Washington's strongest sphere of influence.



Man Asked To Speak To Chinese Officials Warns The Endgame Is Now Unfolding

from Kingworldnews:
Despite the euphoria in the Chinese stock market, drawdowns of physical gold from the Shanghai Gold Exchange remain strong. Recently we saw 51 tons of gold taken out of the Shanghai Gold Exchange in just one week. We will hear more discussion going forward about the renminbi being included as part of an international reserve currency, along with the U.S. dollar and the euro. That would be a major step in making the renminbi an international currency, particularly since it would have to included in portfolios. The IMF reviews this in October but there will be jockeying back and forth this summer.
All Signs Point To The East As China Continues To Build Their Gold Reserves
Regardless, China continues to build up their massive reserves of physical gold. Having the renminbi included as part of an international reserve currency would also force the Chinese to come clean with regards to how much physical gold they possess. Already we see the Shanghai Gold Exchange overshadowing the Comex. China already has the world’s largest bank — the Industrial and Commercial Bank of China. ICBC is larger than the American banks. I can also see China’s stock markets becoming bigger than the New York markets. So I think from a capital raising point of view, all signs point to the East.
John Embry Continues @ King World News




Self Protection from Growing Wars and Inflation

from JayTaylorMedia:



Banking Fraternity Felons

by Pam Martens and Russ Martens, Wall Street on Parade:
The U.S. Department of Justice held a press conference in Washington, D.C. this morning at 10 a.m. to announce that two of the largest banks in the United States, Citicorp, a unit of Citigroup, and JPMorgan Chase & Co., would plead guilty to felony charges in connection with the rigging of foreign currency trading. Two foreign banks, Barclays PLC and the Royal Bank of Scotland (RBS), also pleaded guilty to felony charges in the same matter. A fifth bank, UBS, pled guilty to rigging the interest rate benchmark known as Libor.
Today’s felony charges far just short of the 19th anniversary of the U.S. Justice Department charging almost every major firm on Wall Street, including JPMorgan, the predecessors of Citigroup, and UBS with fixing prices on the Nasdaq stock market. No criminal charges were brought. That now looks like a serious mistake.
Read More @ WallStreetonParade.com




MUST WATCH: Mainstream Mockingbird Media is a Weapon of Social Engineering and War

from Intercept Media:



Waldemar Perez spoke at Portland Community College, Sylvania Campus on May 10th, 2015.




The Illusion Of Democracy

Distract, deny, democracy...





Ray Dalio Slams Buffett For Being "Wrong On Gold", Says "Social Disruption" Is Inevitable

"we're beyond the point of being able to successfully manage this... and I worry about another leg down in the economy causing social disruption."
"Gold should be a part of everybody's portfolio to some degree because... it is the alternative money. Warren Buffett is making a big mistake."



“If You Don’t Own Gold You Don’t Know History” | McAlvany Weekly Commentary

from McalvanyFinancial:




How to Avoid Capture If You Are On the Jade Helm Red List

by Dave Hodges, The Common Sense Show:
It is the latter days of summer and there’s not much excitement. However, one day stands out like no other. On that fateful day, you awaken to the news that the nation’s banks are “temporarily closed” because some terrorist group launched a cyber attack upon all of the major banks the night before. You instantly recognize the lie for what it is.
You have been preparing for this moment for a long time and you recognize this event for the false flag event that it is. You announce to your family it is time to go. You grab your “bug out” bag” and you drive 20 miles in the opposite direction from your intended destination as you enter an underground parking garage. There you are met by a trusted source. You transfer your bug out bags to their vehicle and leave your vehicle behind. Why did you have to drive to an underground structure?
Read More


Bill Fleckenstein On The Plunge In Gold, Silver And Oil, Chaos In Currency And Bond Markets And A Hard Lesson

from KingWorldNews:
Overnight bond markets were mostly firm and world equity markets took that as an excuse to party, with much of Europe higher by a couple of percent. The proximate cause for all that were the comments from ECB gasbag Benoît Coeuré, who sparked a decline in the euro when he said that the ECB intended to “front-load” its QE and really step on the gas over the next couple of months….
The Lord of the Dark Matter’s comment on the recent gyrations was that the ECB doesn’t like the euro at $1.15 and the Fed doesn’t like it at $1.05. If that is the case, we will get more than our usual level of hot air from both camps as the currency ping-pongs between those two levels.
Bill Fleckenstein Continues @ KingWorldNews.com


It’s Time to Hold More Cash and Buy Gold

from Gold Core:
Gold is a regarded as a hedge against market turbulence by Bank of America who, in a note to clients, advised holding gold and paper currency at this time.
Bloomberg report that Bank of America Merrill Lynch describe the markets as being in a “Twilight Zone” – the zone between the end of QE and the Fed beginning to raise rates to try to bring normality back into the markets.
The note highlights two problems with raising rates which are prolonging this sojourn in the Twilight Zone. The first is that the real economy in the U.S. is not currently strong enough to withstand a rise in interest rates.
Read More @ GoldCore.com


The Danger That There Will Be No “Big Event”

from The Daily Sheeple:
How many times do you hear preppers and liberty-minded folks make statements along the line of “When the schumer hits the fan, I will take such action,” or “After some event I will make that change,” or “If it gets to that point, then I’ll take a stand!”? These ideas are based on the premise that there will be “the big event.” The assumption among many preppers and liberty activists is that there will be a clear cut “before” and “after,” with a defining moment, event, or series of events, delineating between the two. Such events could include economic collapse, natural disaster, a pandemic, an EMP or CME, a “terrorist” attack, or martial law. I myself have at times fallen into this very trap.
Read More @ TheDailySheeple.com


A Hidden Threat to Your Whole Portfolio

from Outsider Club:
In my slow-and-steady transformation into a cranky old man, one thing has consistently weighed on me more and more.
Naturally, at least for this evolution, or regression perhaps, it involves me being annoyed by seemingly trivial things people do.
Don’t worry, I’m not writing a screed about those damn kids and how they won’t stay off my lawn. There is a point to be made here that is useful.
Today, the target of my ire is the overuse of idioms. Specifically, how they are used as a means to cite someone smarter than you.
Read More @ OutsiderClub.com


What No One Sees Coming

from TruthNeverTold:




ISIS Holds Military Parade After Seizing Ramadi, US-Led Coalition Does Nothing To Stop It

from Western Journalism:
After seizing the strategically important city of Ramadi, 60 miles west of Baghdad, on Monday, the Islamic State held a massive military parade in the western part of Iraq’s largest province of Anbar.
The Gateway Pundit published these photos of the parade, which was held yesterday:
Where was the U.S.-led coalition, the Pundit wondered.
Other images posted on Twitter showed multimillion dollar minesweepers, donated by the U.S., that have fallen in the hands of the Islamic State:
Read More @ WesternJournalism.com

Ferguson Protesters Promised Cash To “Simulate Chaos,” Now Soros’ Group Won’t Pay, So They’re Protesting THEM

from Down Trend:
Ferguson protesters who were promised thousands of dollars by George Soros’ organizations to protest, loot and burn buildings are upset that they haven’t been paid yet.
In hilarious irony, they’re protesting and “occupying” the offices of Missourians Organizing for Reform and Empowerment (MORE), a Soros-backed organization, demanding the group “Cut the Checks.”
They’ve created a Twitter “hashtag” and have promised to stage a sit-in outside the offices until they get their money.
Read More @ DownTrend.com

HARDCORE CRIMINAL: Hillary Clinton Had SECOND SECRET Email Address

from Sputnik News:
Presidential hopeful Hillary Clinton used a second private email address while she was secretary of state, contradicting assertions that the first secret address was the only one she kept from her colleagues in Washington.
The second email address, revealed by the New York Times, is from the same private email server that was uncovered earlier this year. Clinton used the account in exchanges with longtime adviser Sydney Blumenthal about strategies to help rebels oust Muammar Gadhafi in Libya in 2011.
“Fyi. The idea of using private security experts to arm the opposition should be considered,” Clinton wrote Blumenthal from the email address HRod17@clintonemail.com.
Read More @ SputnikNews.com

Asian American and Pacific Islander Groups Nationwide Announce Opposition to Fast Track and the TPP

from CWA News:
More than 30 organizations representing a broad coalition of Asian American and Pacific Islander (AAPI) organizations urged Congress to oppose Fast Track and the Trans-Pacific Partnership (TPP).
Fast Track legislation, also known as Trade Promotion Authority (TPA), was introduced on April 16, 2015 and will be considered by the Senate soon. The Asian Pacific American Labor Alliance (APALA) and other members of the AAPI community are part of a movement of workers, environmentalists, people of faith, consumers and allies to simply say No to Fast Track.
Immediately following the introduction of TPA, the coalition sent a letter to Senate Majority Leader Mitch McConnell, Senate Minority Leader Harry Reid, Speaker of the House John Boehner, and House Minority Leader Nancy Pelosi. The groups wrote, “We are very concerned about the unprecedented level of secrecy that negotiations have been conducted in. Leaked texts have shown that the fast-tracking of sweeping trade agreements like the TPP will have serious implications for AAPI workers and families.”
Read More @ CWA-union.org

ABC’s ‘SECRET’ $105 MILLION Gamble on George Stephanopoulos

[Ed. Note: If this isn’t the very definition of a “mockingbird”, nothing is. As a member of the Council on Foreign Relations, and former White House Communications Director and Senior Advisor for Policy and Strategy for the Clinton Administration, Stephanopoulos has made a fortune by selling his nation out to the New World Order oligarchs.]
by Emily Smith, Page Six:
ABC has plenty of reasons to be freaking out over the George Stephanopoulos scandal — 105 million, to be exact.
The “Good Morning America” and “This Week” anchor renewed his contract last year for $105 million, TV industry sources told The Post Monday.
The seven-year deal — which dwarfs the five-year, $50 million contract scored by since-suspended NBC rival Brian Williams — was supposed to keep Stephanopoulos in front of ABC’s cameras through 2021.
But now his credibility, and future, have been called into question since he admitted Friday that he had donated $75,000 to the Clinton Foundation since 2011, just as the presidential race gears up with Hillary Rodham Clinton the leading Democrat.
Read More @ PageSix.com
hat tip: Rich

GUEST POST: Here Come The TRUTH BOMB(s)! — Bill Holter

by Bill Holter, SGT Report.com:
A few months back I theorized the rest of the world led by a Chinese/Russian alliance might let loose with a “truth bomb” or a series of them. It is clear the U.S. has been on a pathway in the desire to start a war. We have pressed in Syria and the Ukraine but so far to no avail. From the standpoint of the U.S., it is my opinion that a war is “necessary” to point at and blame for the financial collapse surely coming because in no way can “policy” be blamed.
The upcoming month of June will be a telling one as the situation in Greece comes to possibly a final head. Tiny Greece is important for several reasons. The first and most obvious, they are certainly a firing pin for the derivatives market. Should they default, what will it be called? Somehow, some way, a Greek default cannot be classified as one because a cascade of failures will immediately follow. Financially, Greece can take the Western financial system down all on its own.
Read More…

Our "Junkie Economy" Will Soon Hit Rock Bottom

A robust economy would allow central banks to raise rates and still allow debts to be paid down. But that is not what is happening. And it won’t happen. Junkies rarely go out and get a job... and gradually “taper off” their habit. No. They have to crash... hit bottom... and sink into such misery that they have no choice but to go cold turkey. Now, major central banks are committed to QE and ZIRP forever. They have created an economy that is addicted to EZ money. It will have to be smashed to smithereens before the feds change their policies.
 

"One Of These Things Is Not Like The Other"

It is very rare to see Dow Industrials hitting new highs as Dow Transports prints new range lows... one of them is wrong here...
 

Google Apologizes For "Nigger House" Search Result

"Do no evil..." that is part from the racist stuff, would appear to be Google's new meme as The Guardian reports the somewhat unbelievable fact that searches which include the racist slur “nigger” were shown to find the White House in Google Maps. “Some inappropriate results are surfacing in Google Maps that should not be, and we apologise for any offence this may have caused. Our teams are working to fix this issue quickly,” a Google spokesperson said, claiming that it had been experiencing “escalated attacks to spam Google Maps over the past few months”.
 

Overheard In The FX Rigging "Cartel" Chatroom: "Mess This Up And Sleep With One Eye Open

One Barclays FX trader, when he became the main Euro trader for Barclays in 2011, was desperate to be invited to join the Cartel because of the trading advantages from sharing information with the other main traders of the Euro.After extensive discussion of whether or not this trader “would add value” to the Cartel, he was invited to join for a “1 month trial,” but was advised “mess this up and sleep with one eye open at night.”


Americans Have No Idea What They Are Eating

from TRUTHstreammedia:



Media Hit Piece: You’re ‘Ignorant’ If You Want GMO Labeling

by Anthony Gucciardi, Natural Society:
Are you in favor of labeling Monsanto’s Roundup-drenched genetically modified crops? Perhaps you’re concerned after realizing that it was in fact Monsanto’s Roundup herbicide that was linked to cancer by the World Health Organization?
According to the mainstream media, you must be ignorant.
That’s the message in a new piece by USA Today, which I was really shocked to see when scanning the headlines today. Not only does the article say that anyone who is concerned about GMOs is akin to a conspiracy theorist that believes the moon landing was staged and that Elvis is still alive, but it goes on to blame concern over Monsanto’s creations as ‘ignorance and hysteria.’
Read More @ NaturalSociety.com


Alternate Hyperinflation Hedges : COPPER PENNIES & NICKELS!!!

by SGT & Wil, SGT Report.com:
Hey gang, I received this e-mail yesterday and thought you might enjoy the exchange between Wil and me. Great minds think alike!
—–
Hi Sean, I’ve been listening to you for 4-5 years now. I seriously enjoyed the Bill Holter interview which got me thinking about what he said when this all goes kaboom, “what you have is what you have!”
Just wanted to share what I’ve been doing for awhile. Been collecting nickels! Somewhere in the recesses of my mind I had heard that the US had to have nickel imported as we didn’t have any mines here. Anyway since I am one of those who didn’t wake up until silver was maxing in price, often times I didn’t have the cash to buy an ounce of silver. So, instead every time I or my wife would get paid, the bank would sell me up to 5 rolls of nickels without charging me any fee. It was forced savings I suppose and I figured nickel would be good for something if things crashed. [Ed. Note: Since the hard cost for the US Mint to manufacture each nickel is is around 11 cents, seems like a good bet to me!]
Read More…





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