Update 2: Greece’s Skai reports that if/when banks reopen (supposedly on Tuesday), a 60€ withdrawal limit will be imposed.
Update: In a televised address to the nation, Greek PM Alexis Tsipras assured Greeks that their deposits are safe despite an upcoming bank holiday and despite the fact that Greek stocks will not open for trading on Monday. Tsipras also said Athens has re-applied for a bailout extension and urged Greeks to “remain calm” in the face of what is sure to be a turbulent week.
- GREEK PRIME MINISTER SAYS GREEK PEOPLE SHOULD REMAIN CALM
- GREEK PM: BANK OF GREECE PROPOSED BANK TRANSACTION RESTRICTIONS
- GREEK PRIME SAID GREECE RE-APPLIED FOR BAILOUT EXTENSION
- GREEK PRIME MINISTER SAYS DEPOSITS ARE COMPLETELY SAFE
ECB Says "Greek Bank Holiday Now Necessary"
Submitted by Tyler Durden on 06/28/2015 - 09:23 Bloomberg: ECB SAID TO VIEW BANK HOLIDAY FOR GREECE AS NECESSARY
Draghi Freezes Greek ELA, Varoufakis Tells BBC "Looking At Imposing Capital Controls, Closing Banks"
Submitted by Tyler Durden on 06/28/2015 - 08:29 A little under 24 hours before Europe opens for trading, and just under 12 hours before the open of equity futures, and things are not looking good."Spread Bet" Early Market Opening Indications: Stocks Tumble, Europe Crashes
Submitted by Tyler Durden on 06/28/2015 - 10:24
G-7, EU Banking Officials Hold Emergency Calls Ahead Of Black Monday
Submitted by Tyler Durden on 06/28/2015 - 10:01 Multiple “emergency” meetings have been scheduled for Sunday as EU officials scramble to figure out how best to deal with what is likely to be a turbulent week and to consider the impact a potential Grexit will have on the currency bloc, its member nations and institutions, and on the global financial system as a whole. Meanwhile, Germany assesses Grexit damage.
Why The ECB Suddenly Has A Huge Headache On Its Hands, In One Chart
Submitted by Tyler Durden on 06/28/2015 - 12:25 As that €126 billion or so of total ECB/Eurosystem claims on Greek banks were "charged off" in case of a terminal Greek "event" then the entire ECB capital buffer would also be wiped out, leaving the ECB with negative equity. Translated: dear Eurosystem members: we need more cash.
by Joshua Krause, Activist Post:
As the talks between the Greek government and their creditors slowly
falls apart, the citizens of Greece are busy preparing for the worst.
They don’t want to be caught off guard like they were during the last
economic crash, and they certainly don’t want to end up like the people
of Cyprus, and have their hard-earned savings arbitrarily taken from
them.
So they’re doing everything they can to insulate themselves from the potential collapse of their financial system, which largely includes taking their money out of the system. Earlier today, sources in the banking industry told Reuters that over one-third of the ATMs in the country, have been completely cleaned out.
Read More @ ActivistPost.com
As the talks between the Greek government and their creditors slowly
falls apart, the citizens of Greece are busy preparing for the worst.
They don’t want to be caught off guard like they were during the last
economic crash, and they certainly don’t want to end up like the people
of Cyprus, and have their hard-earned savings arbitrarily taken from
them.So they’re doing everything they can to insulate themselves from the potential collapse of their financial system, which largely includes taking their money out of the system. Earlier today, sources in the banking industry told Reuters that over one-third of the ATMs in the country, have been completely cleaned out.
Read More @ ActivistPost.com
"Artificial" Phantom Liquidity Will Disappear In "Adverse, Turbulent" Markets, BIS Warns
Submitted by Tyler Durden on 06/28/2015 - 12:45 "The growing size of the asset management industry may have increased the risk of liquidity illusion: market liquidity seems to be ample in normal times, but vanishes quickly during market stress. This liquidity may be artificial and less robust in the event of market turbulence." So what's the solution? Unfortunately there isn't one. Instead, fund managers are simply resorting to emergency liquidity lines with banks which is just another manifestation of using cheap cash to delay the Schumpeterian endgame scenario which, if ever allowed to play out, will finally purge capital markets, reset the system, and free the world from the nefarious clutches of central bankers gone mad with delusions of Keynesian grandeur.by Paul Farrell, The Guardian:
Whistleblowers with dual citizenship who speak out on Australia’s national security – including those involved in allegations that Timor-Leste’s cabinet room was bugged – could face having their citizenship revoked under proposed laws.
A bill introduced to the federal parliament by the immigration minister, Peter Dutton, on Wednesday enhances the power of the immigration minister to revoke or initiate a renunciation of citizenship for conduct deemed to relate to certain terrorism offences. The new bill seeks to strip only dual nationals of their citizenship.
Read More @ TheGuardian.com
from Global Research:
The
NATO military alliance is preparing to implement a more aggressive
nuclear weapons strategy in response to alleged “Russian aggression,”
according to NATO sources cited by the Guardian Wednesday evening.
Proposed changes include provisions for greater involvement of nuclear forces in ongoing NATO military exercises along Russia’s borders and new guidelines for nuclear escalation against Russia, according to the NATO officials.
The alliance’s nuclear doctrine has been the subject of quiet, informal discussions “on the sidelines” of the ongoing NATO summit. The new policies will be formally articulated and confirmed at an upcoming conference of the alliance’s Nuclear Planning Group, which was rescheduled for an earlier date this week as word got around about the secretive planning.
Read More @ Globalresearch.ca
The
NATO military alliance is preparing to implement a more aggressive
nuclear weapons strategy in response to alleged “Russian aggression,”
according to NATO sources cited by the Guardian Wednesday evening.Proposed changes include provisions for greater involvement of nuclear forces in ongoing NATO military exercises along Russia’s borders and new guidelines for nuclear escalation against Russia, according to the NATO officials.
The alliance’s nuclear doctrine has been the subject of quiet, informal discussions “on the sidelines” of the ongoing NATO summit. The new policies will be formally articulated and confirmed at an upcoming conference of the alliance’s Nuclear Planning Group, which was rescheduled for an earlier date this week as word got around about the secretive planning.
Read More @ Globalresearch.ca
by William Norman Grigg, Pro Libertate Blog, via Lew Rockwell:
“Give me control of a nation’s money supply, and I care not who makes its laws.” – Amschel Rothschild
To my understanding, that Amstel Rothschild ever said such a thing is in doubt. All I will say is if he didn’t say it, he should have.
Ambrose Evans-Pritchard does an excellent job of highlighting the institution that is, in fact, in charge. He is not impressed with their work regarding the situation in Greece:
Rarely in modern times have we witnessed such a display of petulance and bad judgment by those supposed to be in charge of global financial stability, and by those who set the tone for the Western world.
Read More @ LewRockwell.com
image: kolotoumba.files.wordpress.com
“Give me control of a nation’s money supply, and I care not who makes its laws.” – Amschel RothschildTo my understanding, that Amstel Rothschild ever said such a thing is in doubt. All I will say is if he didn’t say it, he should have.
Ambrose Evans-Pritchard does an excellent job of highlighting the institution that is, in fact, in charge. He is not impressed with their work regarding the situation in Greece:
Rarely in modern times have we witnessed such a display of petulance and bad judgment by those supposed to be in charge of global financial stability, and by those who set the tone for the Western world.
Read More @ LewRockwell.com
image: kolotoumba.files.wordpress.com
from Western Journalism:
The State Department confirmed on Thursday that former Secretary of
State Hillary Clinton did not turn over all her work-related emails, as
she has claimed.
This revelation came following the release of 179 pages of emails on Monday by the Select Committee on Benghazi. Among those emails were 120 pages of emails produced by Clinton confidant Sidney Blumenthal in response to the committee’s request.
“The officials said Julia Frifield, the assistant secretary of state for legislative affairs, confirmed that nine emails and parts of six others that the committee made public Monday couldn’t be located in the department’s records,” according to the Associated Press.
Read More @ WesternJournalism.com
The State Department confirmed on Thursday that former Secretary of
State Hillary Clinton did not turn over all her work-related emails, as
she has claimed.This revelation came following the release of 179 pages of emails on Monday by the Select Committee on Benghazi. Among those emails were 120 pages of emails produced by Clinton confidant Sidney Blumenthal in response to the committee’s request.
“The officials said Julia Frifield, the assistant secretary of state for legislative affairs, confirmed that nine emails and parts of six others that the committee made public Monday couldn’t be located in the department’s records,” according to the Associated Press.
Read More @ WesternJournalism.com
from Wolf Street:
So how much exactly are the largest US corporations, those in the
S&P 500, worried about Greece? The horrific damage that a Grexit
might do to the EU economy, global financial markets, the euro, and
even, it seems, the survival of the species?
You’d think they’d be quaking in their boots, given the mutual extortion racket carried out via the media through leaks, rumors, and contradictory announcements. You’d think they’d be fretting over every final-final-final-last-chance-deadline for Greece to accept the fine print that comes with more money that will eventually be extracted from strung-out taxpayers in other countries. You’d think US corporations, at a minimum, would start blaming Greece and its side effects for things gone wrong. So…
Read More @ Wolfstreet.com
So how much exactly are the largest US corporations, those in the
S&P 500, worried about Greece? The horrific damage that a Grexit
might do to the EU economy, global financial markets, the euro, and
even, it seems, the survival of the species?You’d think they’d be quaking in their boots, given the mutual extortion racket carried out via the media through leaks, rumors, and contradictory announcements. You’d think they’d be fretting over every final-final-final-last-chance-deadline for Greece to accept the fine print that comes with more money that will eventually be extracted from strung-out taxpayers in other countries. You’d think US corporations, at a minimum, would start blaming Greece and its side effects for things gone wrong. So…
Read More @ Wolfstreet.com
from ZenGardner:
Reason.com, the website I edit, was recently commanded by the feds to
provide information on a few commenters and not discuss it. Here’s why
we’re speaking out.
Is there anything more likely to make you shit your pants out of a mix of fear and anger than getting a federal subpoena out of the blue?
Well, yes, there is: getting a gag order that prohibits you from speaking publicly about that subpoena and even the gag order itself. Talk about feeling isolated and cast adrift in the home of the free. You can’t even respond honestly when someone asks, “Are you under a court order not to speak?”
Read More @ ZenGardner.com
Reason.com, the website I edit, was recently commanded by the feds to
provide information on a few commenters and not discuss it. Here’s why
we’re speaking out.Is there anything more likely to make you shit your pants out of a mix of fear and anger than getting a federal subpoena out of the blue?
Well, yes, there is: getting a gag order that prohibits you from speaking publicly about that subpoena and even the gag order itself. Talk about feeling isolated and cast adrift in the home of the free. You can’t even respond honestly when someone asks, “Are you under a court order not to speak?”
Read More @ ZenGardner.com
by Pater Tenebrarum, Acting-Man.com:
Regime Change Option on the Table?
It has been clear from the beginning that Greece and its creditors were in a “Mexican standoff” situation. We already pointed this out shortly before Syriza won the election (see: Grexitology: A Mexican Standoff). 1. the “institutions” (formerly known as the “troika”) couldn’t possibly let Greece go, but could also not possibly give in and climb down from their demands and 2. Mr. Tsipras was in essentially the same situation; he couldn’t cross Syriza’s aptly named “red lines”, but defaulting and leaving the euro zone is likewise not palatable to him.
In mid June, we speculated that given their perspective, the creditors may be considering an option that has already worked several times in the course of the euro area’s debt crisis: go for regime change.
Read More @ Acting-Man.com
Regime Change Option on the Table?It has been clear from the beginning that Greece and its creditors were in a “Mexican standoff” situation. We already pointed this out shortly before Syriza won the election (see: Grexitology: A Mexican Standoff). 1. the “institutions” (formerly known as the “troika”) couldn’t possibly let Greece go, but could also not possibly give in and climb down from their demands and 2. Mr. Tsipras was in essentially the same situation; he couldn’t cross Syriza’s aptly named “red lines”, but defaulting and leaving the euro zone is likewise not palatable to him.
In mid June, we speculated that given their perspective, the creditors may be considering an option that has already worked several times in the course of the euro area’s debt crisis: go for regime change.
Read More @ Acting-Man.com
by Mac Slavo, SHTFPlan:
With the eyes of the world on Greece and a possible collapse of the of
the Eurozone as a likely end result, many are ignoring a potentially
much more massive elephant in the room. It’s been the hottest market in
the world, so flush with cash that they have actually built entire
ghost-cities lacking populations and mega shopping centers without
tenants – a clear sign of bubble waiting to be pricked. But the
inevitable seems to now be taking hold as once unstoppable Chinese stock
markets are now reversing the unprecedented gains seen over the last
several years.
Forget Greece. We’ve seen that story before. This could be the first domino:
Read More @ SHTFPlan.com
With the eyes of the world on Greece and a possible collapse of the of
the Eurozone as a likely end result, many are ignoring a potentially
much more massive elephant in the room. It’s been the hottest market in
the world, so flush with cash that they have actually built entire
ghost-cities lacking populations and mega shopping centers without
tenants – a clear sign of bubble waiting to be pricked. But the
inevitable seems to now be taking hold as once unstoppable Chinese stock
markets are now reversing the unprecedented gains seen over the last
several years.Forget Greece. We’ve seen that story before. This could be the first domino:
Read More @ SHTFPlan.com
by J. D. Heyes, Natural News:
Long time readers of Natural News
likely knew it was coming: As much as we and our audience applauded the
recent decision by chain restaurant Chipotle to scrub all GMO foods and
ingredients from its menus, you just knew that the decision would be
criticized, and by the usual mainstream suspects.
Even though the chain is far from the largest in the country, it is possible to gauge the impact of the decision by the relentless criticism that the chain has been forced to endure — as if this were the first time a business made a decision to cater to a certain kind of customer.
As noted by Independent Science News (ISN), Chipotle has come under fire as being irrational, anti-science and irresponsible from the likes of The Washington Post, The Motley Fool, the Chicago Tribune, the Los Angeles Times and other legacy media, all of which depend on big advertising dollars from GMO king Monsanto, agri-business interests and every eatery that serves GMO foods.
Read More @ NaturalNews.com
Long time readers of Natural News
likely knew it was coming: As much as we and our audience applauded the
recent decision by chain restaurant Chipotle to scrub all GMO foods and
ingredients from its menus, you just knew that the decision would be
criticized, and by the usual mainstream suspects.Even though the chain is far from the largest in the country, it is possible to gauge the impact of the decision by the relentless criticism that the chain has been forced to endure — as if this were the first time a business made a decision to cater to a certain kind of customer.
As noted by Independent Science News (ISN), Chipotle has come under fire as being irrational, anti-science and irresponsible from the likes of The Washington Post, The Motley Fool, the Chicago Tribune, the Los Angeles Times and other legacy media, all of which depend on big advertising dollars from GMO king Monsanto, agri-business interests and every eatery that serves GMO foods.
Read More @ NaturalNews.com
In his dissent from the Supreme Court’s 5-4 decision in Obergefell v.
Hodges, which declared that same-sex marriage was a right, Justice
Antonin Scalia declared that this Supreme Court has become a “threat to
American democracy.“I write separately to call attention to this Court’s threat to American democracy,” Scalia said.
“This practice of constitutional revision by an unelected committee of nine, always accompanied (as it is today) by extravagant praise of liberty, robs the People of the most important liberty they asserted in the Declaration of Independence and won in the Revolution of 1776: the freedom to govern themselves.”
Read More @ CNSnews.com
A disturbing report published Wednesday by Human Rights Watch details how the Colombian military callously murdered thousands of innocent civilians
and dressed their lifeless bodies in leftist rebels’ uniforms, just to
artificially inflate the body count for a period of at least six
years. The commander of the armed forces and other senior army brass
knew about it the whole time.Somewhat euphemistically termed “extrajudicial killings,” the practice has been recognized for some time, but HRW found evidence in previously unpublished prosecutorial records that the practice was far more extensive and systematic than previously realized.
Prosecutors are currently investigating 3,700 deaths caused by state agents. From 2002-2008, the report, titled “On Their Watch: Evidence of Senior Army Officers’ Responsibility for False Positive Killings in Colombia,” revealed that more than 180 brigades and tactical units—and their commanders—were responsible for murders of civilians. These “false positives” bolstered records at a time when success in the ongoing war was measured in dead rebel bodies. According to the report:
Read More @ ActivistPost.com
from The Money GPS:
If you're Fucked and you know it, clap your hands (clap clap)
If you're Fucked and you know it, clap your hands (clap clap)
If you're Fucked and you know it, then your face will surely show it...
If you're Fucked and you know it, clap your hands. (clap clap)
If you're Fucked and you know it, stomp your feet (stomp stomp)
If you're Fucked and you know it, stomp your feet (stomp stomp)
If you're Fucked and you know it, then your face will surely show it...
If you're Fucked and you know it, stomp your feet. (stomp stomp)
If you're Fucked and you know it, shout "I'm Fucked!" (I'm-Fucked!)
If you're Fucked and you know it, shout "I'm Fucked!" (I'm-Fucked!)
If you're Fucked and you know it, then your face will surely show it...
If you're Fucked and you know it, shout "I'm-Fucked!" (I'm-Fucked!)
If you're Fucked and you know it, do all three (clap-clap, stomp-stomp, I'm-Fucked!)
If you're Fucked and you know it, do all three (clap-clap, stomp-stomp, I'm-Fucked!)
If you're Fucked and you know it, then your face will surely show it...
If you're Fucked and you know it, do all three. (clap-clap, stomp-stomp, I'm-Fucked!)
/
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