Submitted by Tyler Durden on 06/17/2015 - 15:40 Two critically important themes which have far-reaching geopolitical and economic consequences came together recently when it became apparent that Gazprom had begun settling all crude sales to China in yuan. This marked the intersection of yuan hegemony and the death of petrodollar mercantilism. Now, the trend continues as Russia and China will de-dollarize hundreds of millions in natural gas settlements.
Texas Gold Repatriation Bill Has One Message To Feds: "Come And Take It"
Submitted by Tyler Durden on 06/17/2015 - 18:00 "If the federal government were to try and do something like [confiscation], the reality is: There is a motto in the office of almost every state legislator in Texas, and it’s a flag that we have [from the Texas Revolution], it’s below a cannon and what the motto says is, 'Come and Take it.'"
Asymmetric tactics rely on the idea of fighting smarter, rather than
fighting directly, against a larger or more technologically advanced
aggressor. It means turning your opponent’s strengths into weaknesses.For instance, if your opponent relies on the superiority of his tanks and armor, make him fight in the mountains where his armor is useless. If he relies on air superiority, make him sift through a thick canopy where his eye in the sky sees nothing, or make it dangerous for him to land and refuel such vehicles at all. If he relies on body armor for safety, make him fight uphill so that the extra weight wears him down. If his surveillance and security techniques are a little too sensitive and effective, create constant false positives, until he can no longer trust his own alert systems. And, if most of his weaponry and soldiers are heavily reliant on a particular piece of technology, make that technology useless in the field. Force your opponent to fight on fairer ground, where the man with the most skill and intelligence prevails rather than the man with the most million dollar toys.
Read More @ Alt-Market.com
Let’s see…a heavily-indebted country can’t pay its bills, engages in a
long series of failed attempts to manage a partial, controlled default,
sees most of its capital flee to safer venues, and then, in a final act
of desperation, imposes capital controls.But it quickly realizes that it’s too late. Capital controls, to the extent that they ever work, have to be imposed by surprise, while there’s still some capital to control. If you wait until everyone expects them, the banks empty out in anticipation and you’ve locked a barn sans horses.
That’s pretty much what Greece is looking at in the next couple of weeks. Though a bailout remains possible, the markets have decided that it’s no longer a sure thing and capital is streaming towards the exit:
Read More @ DollarCollapse.com
Greek Citizens Threaten To "Take The Heads" Of "Grave Digging" Creditors
Submitted by Tyler Durden on 06/17/2015 - 17:00 “They are going to turn us into murderers. If they come to seize my house I’m ready to take the head of whoever is standing there—and I’m not the only one thinking this way.”"They can take our money, but they cannot take our hearts and souls. We live for our dignity."
Gun Owners are pushing back against an illegal proposal by the Spartanburg, South Carolina County Council to restrict the discharge of firearms in unincorporated areas of the county.
The Spartanburg Sheriff’s Office had received several complaints about gunshots being fired.
Fox Carolina reports:
County Council created a committee to draft an ordinance as to where guns cannot be discharged. Officials said the Spartanburg Sheriff’s Office received a number of complaints about neighbors shooting in their backyards in densely populated areas.
Read More @ FreedomOutpost.com
by Dave Kranzler, Investment Research Dynamics:
The
financial markets are more distorted and perverted than ever; and there
is no sign that dynamic will end for the foreseeable future. – The King Report, June 16, 2015
Today is one of those days when the Fed’s footprints were all over the markets. Yesterday’s negative economic reports – industrial production declined .2% for May and was revised lower for April to -.5% from -.3%; NY Fed manufacturing survey plunged into contraction and has been declining for five straight months – were followed up by an 11% plunge in housing starts in May.
Read More @ Investmentresearchdynamics.com
The
financial markets are more distorted and perverted than ever; and there
is no sign that dynamic will end for the foreseeable future. – The King Report, June 16, 2015Today is one of those days when the Fed’s footprints were all over the markets. Yesterday’s negative economic reports – industrial production declined .2% for May and was revised lower for April to -.5% from -.3%; NY Fed manufacturing survey plunged into contraction and has been declining for five straight months – were followed up by an 11% plunge in housing starts in May.
Read More @ Investmentresearchdynamics.com
America, You're Fired!
Submitted by Tyler Durden on 06/17/2015 - 16:30 They call it "voting," and we're told it's our civic duty. But it's just an illusion. Just like in Caesar’s time, the election will go to the people who spend the most money. But we're not talking about the candidates. They're just puppets. Entertainers. We're talking about the people who bankroll them.Flummoxed Fed Sparks Insta-Buying Binge In Bonds & Bullion, Stocks Hit By Hindenburg
Submitted by Tyler Durden on 06/17/2015 - 16:05
Meanwhile, In Greece, The Protests Return
Submitted by Tyler Durden on 06/17/2015 - 15:15 On the eve of a critical Eurogroup meeting in Luxembourg where Greek FinMin Yanis Varoufakis says no new proposal will be tabled, Greeks are taking to the streets ahead of an anti-austerity protest planned for Wednesday evening.
Did Yellen Just Throw Greenspan/Bernanke Under The Bubble-Blowing Bus?
Submitted by Tyler Durden on 06/17/2015 - 15:05 Reflecting on the rate hikes undertaken in the 2004-2006 period (ensuring the world not think that The Fed would repeat that) Janet Yellen appears to have thrown Greenspan and Bernanke under the bubble-blowing bus with an off the cuff comment that "with hindsight, The Fed should have hiked rates faster," during that period... which is odd since we assumed it was The Fed's job to inflate financial assets to prove the real economy was doing great?
FOMC Press Conference: Yellen Explains Why Everything Will Be Awesome In The Future - Live Feed
Submitted by Tyler Durden on 06/17/2015 - 14:25 Upgrades to labor market (despite downgrades to economic growth), upgrades to rate hike expectations (despite IMF warnings and downgrades to economic growth) and upgrades to being beyond the law (despite Congressional lambasting)... But do not be confused, Yellen will explain how it all makes sense (and if she can't will mumble and curse and move on)...
[Ed. Note:
To the poor souls living paycheck to paycheck waiting for their
bi-weekly wages or disability payments, RBS says… Sorry we “lost” your
money, hope to find it by SATURDAY!.]
by Kevin Peachey, BBC:
About 600,000 payments that failed to enter the accounts of RBS
customers overnight may not be completed until the end of the week, the
bank has said.
Payments of wages, tax credits and disability living allowance were among those that failed to be credited to accounts.
RBS initially said some payments were “missing”, but it had now identified and fixed the underlying problem. Delayed payments would be processed “no later than Saturday”, it said.
Read More @ BBC.com
hat tip: Matthew
by Kevin Peachey, BBC:
About 600,000 payments that failed to enter the accounts of RBS
customers overnight may not be completed until the end of the week, the
bank has said.Payments of wages, tax credits and disability living allowance were among those that failed to be credited to accounts.
RBS initially said some payments were “missing”, but it had now identified and fixed the underlying problem. Delayed payments would be processed “no later than Saturday”, it said.
Read More @ BBC.com
hat tip: Matthew
Broad Decline In "Dot Plots" Suggest Fed Rate Hike Confidence Shaky
Submitted by Tyler Durden on 06/17/2015 - 14:21
"Stingy" Fed Whisperer Hisenrath Confirms Hawkish Fed Ready To Hike Rates
Submitted by Tyler Durden on 06/17/2015 - 14:18 "The Federal Reserve signaled it was moving toward interest rate increases in the months ahead now that signs of a dip in economic activity early in the year are waning," Fed mouthpiece Jon Hilsenrath writes.
June 9 saw one of the most significant attacks on the U.S. dollar to date, and most people missed it…You see, most investors think the U.S. dollar is stronger than ever. After all, the greenback is up 3% this year.
But that couldn’t be further from the truth…
For the last 15 years, the U.S. dollar has been heading for total destruction due to one major transition: the end of the petrodollar…
Read More @ Moneymorning.com
from KingWorldNews:
With continued uncertainty in global markets, today King World News
wanted to take a step back and look at two of the most shocking charts
of 2015 that expose how the economic collapse is destroying people’s
lives.
The following chart from Bloomberg is absolutely shocking. It reveals that a staggering number of young people between the ages of 25 and 34 (66 percent in Greece and nearly 64 percent in Italy) have been forced to move back home with their parents in order to survive.
James Turk continues @ KingWorldNews.com
With continued uncertainty in global markets, today King World News
wanted to take a step back and look at two of the most shocking charts
of 2015 that expose how the economic collapse is destroying people’s
lives.The following chart from Bloomberg is absolutely shocking. It reveals that a staggering number of young people between the ages of 25 and 34 (66 percent in Greece and nearly 64 percent in Italy) have been forced to move back home with their parents in order to survive.
James Turk continues @ KingWorldNews.com
10,000
baby boomers a day turn 65 and most are inadequately prepared for
retirement. Half of elderly Americans in poverty without Social
Security.
from MyBudget360.com:
There is a very common number that is thrown out regarding baby boomers and retirement. We consistently hear that every day 10,000 baby boomers hit the typical retirement age of 65. This trend is expected to go out until 2030. What is troubling with this narrative is the assumption that most have enough funds to actually retire. The reality is that most will depend on Social Security as their primary source of retirement income. When we examine net worth figures we find that the single largest asset for Americans is their primary residence. It is good to have a paid off home in retirement but no income is generated from this. You have taxes, insurance, and the costs associated with maintaining a home plus the costs of daily living: food, healthcare, and other expenses. For many, the new retirement plan is a form of working until you pass away.
Read More @ MyBudget360.com
from MyBudget360.com:
There is a very common number that is thrown out regarding baby boomers and retirement. We consistently hear that every day 10,000 baby boomers hit the typical retirement age of 65. This trend is expected to go out until 2030. What is troubling with this narrative is the assumption that most have enough funds to actually retire. The reality is that most will depend on Social Security as their primary source of retirement income. When we examine net worth figures we find that the single largest asset for Americans is their primary residence. It is good to have a paid off home in retirement but no income is generated from this. You have taxes, insurance, and the costs associated with maintaining a home plus the costs of daily living: food, healthcare, and other expenses. For many, the new retirement plan is a form of working until you pass away.
Read More @ MyBudget360.com
by Mike Adams, Natural News:
Water shut-offs have now begun in California, where government-ordered
restrictions are starting to leave large communities high and dry. As CBS News is now reporting, the Mountain House community of 15,000 residents will run out of water in just a matter of days.
“The community’s sole source of water, the Byron-Bethany Irrigation District, was one of 114 senior water rights holders cut off by a curtailment notice from the state on Friday,” reports CBS.
And just like that, the property values of millions of dollars worth of homes belonging to 15,000 residents nosedives toward zero.
Read More @ NaturalNews.com
Water shut-offs have now begun in California, where government-ordered
restrictions are starting to leave large communities high and dry. As CBS News is now reporting, the Mountain House community of 15,000 residents will run out of water in just a matter of days.“The community’s sole source of water, the Byron-Bethany Irrigation District, was one of 114 senior water rights holders cut off by a curtailment notice from the state on Friday,” reports CBS.
And just like that, the property values of millions of dollars worth of homes belonging to 15,000 residents nosedives toward zero.
Read More @ NaturalNews.com
by Mac Slavo, SHTFPlan:
This article is going to detail some of the increased movements by
U.S. military forces in Northwestern Montana, particularly in the
Flathead Valley as observed by myself and others who live in the area.
Upon the conclusion of this article it would be greatly appreciated for
any and all comments to be submitted pertaining to similar movements
noticed in the home states of the readers. With Jade Helm in its
preliminary stages, one cannot help but notice these comings and goings.
C-130 Hercules flights are running out of Glacier International Airport on a regular basis, with a minimum of three flights during the day and two at night, the latter usually occurring around 11:00 pm or later. They usually fly east and cross over the Continental Divide, heading toward Malmstrom Air Force Base. The helicopters have been more alarming. For the past two weeks, there has been a minimum of two sorties per night, paralleling the north-south railroad line and following it through the mountains and crossing the Divide. These sorties bear a minimum of (2) UH-60 Blackhawk helicopters, and I have seen as many as (6) per over flight.
Read More @ SHTFPlan.com
This article is going to detail some of the increased movements by
U.S. military forces in Northwestern Montana, particularly in the
Flathead Valley as observed by myself and others who live in the area.
Upon the conclusion of this article it would be greatly appreciated for
any and all comments to be submitted pertaining to similar movements
noticed in the home states of the readers. With Jade Helm in its
preliminary stages, one cannot help but notice these comings and goings.C-130 Hercules flights are running out of Glacier International Airport on a regular basis, with a minimum of three flights during the day and two at night, the latter usually occurring around 11:00 pm or later. They usually fly east and cross over the Continental Divide, heading toward Malmstrom Air Force Base. The helicopters have been more alarming. For the past two weeks, there has been a minimum of two sorties per night, paralleling the north-south railroad line and following it through the mountains and crossing the Divide. These sorties bear a minimum of (2) UH-60 Blackhawk helicopters, and I have seen as many as (6) per over flight.
Read More @ SHTFPlan.com
from Martin O’Malley:
ADD YOUR NAME: OPPOSE FAST TRACK FOR TPP The Trans-Pacific Partnership (TPP)—a big, secret trade deal. With Fast Track, all Congress can do is vote yes or no on TPP. It’s all or nothing: no matter how bad the deal turns out to be. Add your name: oppose Fast Track and secret trade deals.
ADD YOUR NAME: OPPOSE FAST TRACK FOR TPP The Trans-Pacific Partnership (TPP)—a big, secret trade deal. With Fast Track, all Congress can do is vote yes or no on TPP. It’s all or nothing: no matter how bad the deal turns out to be. Add your name: oppose Fast Track and secret trade deals.
by Dave Hodges, The Common Sense Show:
Dave interviewed survivalist expert, Bob Griswold,
on how to resupply essential supplies following the coming economic
collapse. Bob provided several useful tips which can be applied to
surviving the coming collapse of the dollar.
Click HERE to Listen
Dave interviewed survivalist expert, Bob Griswold,
on how to resupply essential supplies following the coming economic
collapse. Bob provided several useful tips which can be applied to
surviving the coming collapse of the dollar.Click HERE to Listen
by Rory, The Daily Coin:
With China’s industrial production on the rise and exports sinking like
a rotting ship this could mean only one thing–internal demand is rising
sharply. As we noted in the latest Shadow of Truth Market Update,
China’s exports have fallen by 2.8% year-over-year and now we find out
production is rising. Either there is major league channel stuffing
going on or “Momma needs a new pair of shoes“. Apparently, Momma does need a new pair of shoes as real growth expanded by more than 10% in April.
Remind me of the official first quarter GDP for the U.S.; oh yeah, revised down to 0.1%. Once you add inflation of somewhere north of 4% (generous and very conservative) you come up with a contraction in GDP.
Read More @ TheDailyCoin.org
With China’s industrial production on the rise and exports sinking like
a rotting ship this could mean only one thing–internal demand is rising
sharply. As we noted in the latest Shadow of Truth Market Update,
China’s exports have fallen by 2.8% year-over-year and now we find out
production is rising. Either there is major league channel stuffing
going on or “Momma needs a new pair of shoes“. Apparently, Momma does need a new pair of shoes as real growth expanded by more than 10% in April.Remind me of the official first quarter GDP for the U.S.; oh yeah, revised down to 0.1%. Once you add inflation of somewhere north of 4% (generous and very conservative) you come up with a contraction in GDP.
Read More @ TheDailyCoin.org
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