Saturday, June 27, 2015

There Is No Escape – Unprecedented Worldwide Panic And Economic Carnage Is Dead Ahead


from KingWorldNews:
Investors are obsessed over predicting the timing of the Fed’s first interest rate hike. Will it raise the Fed Funds rate in September, or wait until next year? But it is far more important to get a grasp on the pace of rate hikes. Will it be a one and done move, or does this mark the beginning of an incremental tightening cycle? Those of us who are not in the inner circle are forced to speculate. But one thing is certain: If history is any guide, whatever they do, the Fed will get it wrong. Most market commentators place unfounded belief in the Fed’s acumen. But the truth is: I wouldn’t trust the Fed to tell me what the weather is going to do in the next 30 seconds — even if they were looking out the window.

Bursting Bubbles And The Coming Disaster

Once you understand the nature of bubbles—how they are created and how they burst—you can be assured this latest manifestation will also end in disaster. If the Fed raises rates in the manner in which the dot plots currently suggest, it will quickly burst the bubbles already created in the real estate, stock and bond markets. On the other hand, if the Fed opts to only make a small token move higher in the cost of money it will allow asset bubbles to spin out of control until inflation destroys the vestiges of economic growth.
Michael Pento continues @ KingWorldNews

Hat tip to http://www.thesleuthjournal.com where I found this banner...
Commode O Politics

FX Brokerages Move To "Close Only" Ahead Of Monday Open

Upcoming risk - Instruments moving to 'Close Only' mode
Due to the uncertainty surrounding the ongoing Greek debt negotiations, and ahead of a potential announcement over the weekend that could lead to high volatility on the market, please be informed that we have decided to decrease your risks by temporarily moving all Instruments to 'Close Only' mode, from 22:30 GMT+3 on Friday the 26th of June 2015, until 00:30 GMT+3 on Monday the 29th of June 2015, trading terminal time.


CRASH: China’s Stock Market Selloff Accelerates

Shanghai, one of the best-performing markets globally last year, nears bear territory
by Chao Deng, WSJ:
China’s stock markets plunged Friday, a sharp turnaround after a year of strong gains, as investors start to question the sustainability of that breathless rally.
China’s smaller Shenzhen market has fallen 20% from its recent peak, entering bear territory, while the Shanghai market has dropped nearly as much from its high earlier this month.
The Shanghai Composite Index became one of the best-performing markets globally last year after years of dismal performance. This year, it has been up as much as 60%, as local investors—cheered by a series of stimulus measures introduced by China’s central bank last November—have borrowed a flood of cash from their brokerages to invest in the stock market. The benchmark hit its highest level since the global financial crisis on June 12.
Read More @ WSJ.com

Greek PM Who Was Fired For Referendum Bluff Tells Zero Hedge "It's Different This Time""






Eurozone Rejects Greek Bailout Extension: All Bailout Programs Expire On June 30, Referendum Moot

"Regrettably, despite efforts at all levels and full support of the Eurogroup, this proposal has been rejected by the Greek authorities who broke off the programme negotiations late on the 26 June unilaterally.  The current financial assistance arrangement with Greece will expire on 30 June 2015, as well as all agreements related to the current Greek programme including  the transfer by euro area Member States of SMP and ANFA equivalent profits."




"This Is A Sad Decision": Europe Responds To The Greek Referendum, Which Has One Massive Problem

While the path ahead suddenly just got very confusing for both Greece and Europe, one thing is clear: going forward the Greeks will only have themselves to blame for whatever the final outcome is. That, and the Greek trargicomedy which has now lasted for over 5 years, may finally be over.




Thanks Michelle: Black Market In Food Items Springs Up In US Schools

Politicians have always labored under the entirely mistaken impression that one can keep people from doing what they actually want to do, or that markets can be suppressed by outlawing them. It turns out that kids don’t like to be told how their food should be prepared either. In fact, they absolutely hate it. Congress just received an update on the “unintended consequences” of Michelle Obama’s school lunch rules. Apparently the stuff she wanted to push on children just tastes really crappy and now a black market in salt, pepper and sugar has developed...




Varoufakis: Creditor Proposal Offers "No Hope," Greece At "Historic Moment"

As Jerome Dijsselbloem fearmongers all the worst parts of the bible that are about to befall Greece, Yanis Varoufakis is explainiing the Greek decision:
*VAROUFAKIS: CREDITOR OFFER LACKED HOPE FOR INVESTORS, CONSUMERS
*VAROUFAKIS SAYS GREECE FIND ITSELF AT `HISTORIC MOMENT'
Adding that the decision by the Eurogroup (ex-Greece) to veto the program extension damages Europe overall, Varoufakis defiantly concluded, "Greek aid programs have been clear failures" and the Greek government has no mandate to accept a "recessionary" aid offer.

Dijsselbloem Says Greek "Program" Will Expire On Tuesday Night, Offer Won't Exist At Referendum Time

And just like that, game theory just became over theory:
  • DIJSSELBLOEM SAYS REST OF EUROGROUP REGRETS GREEK REJECTION
  • DIJSSELBLOEM SAYS `GREAT CONCERNS WITH CREDIBILITY' OF GREECE
  • DIJSSELBLOEM SAYS REST OF EUROGROUP REGRETS GREEK REJECTION
  • DIJSSELBLOEM: SITUATION IN GREECE WILL DETERIOATE IN BETWEEN
And the punchline, which as we hinted earlier is the biggest problem with the Greek referendum:
  • DIJSSELBLOEM: THE PROGRAM WILL EXPIRE ON TUESDAY NIGHT
So just what will the Greeks vote on next Sunday if the proposal is no longer on the table?




Greek Officials Warn "Some Banks May Not Open Monday"

Following Tsipras' surprise referendum decision (and subsequent pulling of proposals by Troika the institutions), Greece's bank jog has turned into a full sprint. ATM lines began to form at 2am, minutes after the announcement and now many ATMs are out of money and, as Bloomberg reports, some Greek banks are drastically limiting cash transactions. Despite all the reassurances that "banks will open Monday," two senior bank executives have warned that some lenders will not be able to open Monday (unless more emergency liquidity is released). Crucially, this is not just about banks being in trouble - drained of deposits electronically - this is running out of physical banknotes, there is literally no more 'real' money left in Greek banks.




Here Are The Three Options Being Discussed In Brussels

With the ATMs literally running out of cash in Greece after PM Alexis Tsipras announced a referendum in a dramatic, early morning televised address to the nation, EU finance ministers are meeting in Brussels today to determine what the next steps are now that Athens has effectively given creditors an ultimatum. According to MNI, three options are being discussed at the Eurogroup emergency session.




A Desperate China Cuts Key Policy Rates After Stock Market Crash; "It's Just Like 1987"

For the first time since October, 2008, China cuts both the benchmark lending rate and RRR on the same day, in a frantic attempt to sustain the country's equity bubble after stocks collapsed to the edge of bear market territory on Friday.

People’s House? Nope. Obama To Heckler: ‘MY’ House

from Western Journalism:
Earlier this week, Barack Obama held an event honoring LGBT Pride Month at the White House. Rainbow flags, tolerance, and all that jazz. But not everyone in attendance was happy. Or tolerant.
As often happens at political events, a heckler’s voice rang out from the crowd during Obama’s speech. Our humorless president was less than amused, and instead lectured the heckler:
“Shame on you.”
(Oh, that’ll show ’em.)
“No, no, no. No, no, no, no, no. No.”
(And… now you sound like that parent who can’t control their child in the grocery store.)
Read More @ WesternJournalism.com


Gold And Silver – Three Choices: Sell, Hold, Hold and Add. A Trading Treatise.

by Michael Noonan, Edge Trader Plus:
Last year, the rage was the record-setting number of coins various mints were selling to the public, such an incredible demand that would surely impact the demand factor for gold and silver. Then the focus changed to how many tones China and Russia were buying each and every month, scooping up all available supply with their insatiable demand. Gold and silver responded by going lower.
The most popular gold/silver sites, the most respected gold/silver analysts from around the world all chiming in how gold and silver will go through the roof while both metals continue to still languish in the basement, as it were.
Read More @ EdgeTraderPlus.com



Watch this then compare to the next video...

Abe Lincoln: What They WON’T Teach in School

from HighImpactFlix:




This training's only purpose is to take obamas army from Hitlers Brown Shirt's to Full Blown Nazi's...

Jade Helm: Long Train of Military Equipment Headed Into “Hostile” Salt Lake City, Utah

from DAHBOO777:



The Crucial Thing to Know About This Economy

from Wolf Street:
Evidence is piling up that the US economy is muddling through, rather than falling off a cliff.
The first quarter was bad, but the Third Estimate of first-quarter GDP, released on Wednesday, showed that it was still bad (-0.2%), but not as bad as feared after the Second Estimate (-0.7%). Data for the current quarter has been mixed, as they say, but better, pointing at the same pace of growth the economy has been experiencing for years, a frustratingly slow pace, not anywhere near the much hyped but always elusive “escape velocity.”
However, there are pronounced booms in parts of the country, including in the Bay Area and Silicon Valley. For people that participate in these booms in one way or another, it can be a thrilling experience, with money sloshing through the streets knee-deep. Elsewhere, it doesn’t look so hot, and people there still think we’re in a recession because to them, it feels like we’re in a recession – or have never left the recession behind in the first place.
Read More @ Wolfstreet.com


The Global Credit Market Is Now A Lit Powderkeg

from Peak Prosperity:
The financial markets have had a bit of a tough time going anywhere this year.
The S&P 500 has been caught in a 6% trading band all year, capped on the upside by a 3% gain and on the downside by a 3% price loss. It has been a back-and-forth flurry while the stock market up to this point has simply marked time.
We’ve seen a bit of the same in the bond market: after rising 3.5% in the first month of the year, the ten year Treasury bond has given away its year-to-date gains and then some.
Read More @ PeakProsperity.com


Extreme Gold/Silver Shorting

by Adam Hamilton, Zeal, LLC:
Gold and silver are languishing near major lows, trudging through the barren sentiment wasteland of the summer doldrums. The major factor behind this weakness is extreme shorting by American futures speculators. But their heavily-bearish bets are actually very bullish for both precious metals. Not only do these traders as a herd always bet wrong at price extremes, their shorts are guaranteed near-future buying.
American futures speculators’ trading has utterly dominated gold and silver price action in recent years. This single group of traders doesn’t normally wield such outsized influence. But with Western investors largely missing in action since early 2013, futures speculators have gone unchallenged. Couple this with the extreme leverage inherent in futures trading, and its stranglehold on gold and silver prices is ironclad.
Read More @ Zealllc.com


So What’s Really Happening Now?

from ZenGardner:
There’s been something of a lull in truly major developments of late, despite all the garish noise and typical bravado of global figureheads and their complicit media and a few events here and there. Sure, there are skirmishes worldwide and economies continue to crumble as governments continue their draconian crackdowns, but the urgency of many regarding our ongoing situation is apparently suspended in some sort of strange holding pattern.
While it’s encouraging that the awakening is keeping TPTB’s machinations at bay and forcing them to change directions and tactics, I find it nonetheless a bit foreboding. It’s clearly not a time to let our guards down.
Read More @ ZenGardner.com


One World Economic System Is Here

from TheAlexJonesChannel:



Eurozone Coming for US? — Rob Kirby

from Reluctant Preppers



Defenders of Traditional Marriage Now Risk Being Treated as Bigots by Governments, Employers, Schools

by Terence P. Jeffrey, CNSnews:
In his dissent from the Supreme Court’s 5-4 decision in Obergefell v. Hodges, which declared that same-sex marriage is a right, Justice Samuel Alito said the court had falsely likened opposition to same-sex marriage to racism and that its decision “will be used to vilify Americans unwilling to assent to the new orthodoxy.” Alito warned that in the wake of the court’s ruling, Americans who dare to publicly express views in favor the traditional understanding that marriage is between a man and a woman will risk recrimination.
“I assume that those who cling to old beliefs will be able to whisper their thoughts in the recesses of their homes, but if they repeat those views in public, they will risk being labeled as bigots and treated as such by governments, employers, and schools,” Alito wrote.
“By imposing its own views on the entire country,” he said, “the majority facilitates the marginalization of the many Americans who have traditional ideas.”
Read More @ CNSnews.com


All Indicators Point To An Event Occurring In The Next 100 Days

from X22 Report:



Vaccines and Autism: Epidemic Accelerates as Cases in Young Vaccinated Children Explode Unabated

by Ethan A. Huff, Natural News:
The UK is facing an unprecedented number of new autism cases, according to new research. Figures in Scotland, which are among the most comprehensive available in the British isles, reveal that the autism rate among students at Scottish schools is up 1,360% percent since 1998, with no perceivable end in sight.
This amounts to a one-in-68 children rate of autism, which the London School of Economics projects is costing taxpayers around $54 billion annually. This is up from about $2 billion in 2001, demonstrating the immense toll this harrowing disease is costing the public.
But even these figures may be too low, warns Age of Autism, as they disguise the actual number of autism cases among older students, while focusing more on autism rates among younger students. The actual present rate of autism in the UK, reports John Stone, is probably much closer to one in 30 students, based on data supplied by the Scottish government.
Read More @ NaturalNews.com


Why SGE Withdrawals Equal Chinese Gold Demand And Why Not (The Argument List)

by Koos Jansen, Bullion Star:
This post is an overview of all arguments presented by Western consultancy firms that should explain the difference between SGE Withdrawals and WGC Chinese gold demand. Once again we’ll examine to what degree divers metrics can cause the difference.
Since my first post on SGE Withdrawals Equal Chinese Wholesale Gold Demand Western consultancy firms have kept repeating my analysis is false, in response I’ve continued to clarify the metrics used in the China Gold Association (CGA) Gold Yearbooks. Not to get confused in this debate, this blog will keep track of all arguments ever presented and new ones that surface. This is the list so far in chronological order:
  1. industrial demand
  2. stock movement change
  3. round tripping
  4. leasing
  5. official purchases
  6. recycled gold
  7. export
Read More @ BullionStar.com


California Following In Nazi Footsteps

from TheAlexJonesChannel:




Fucking IDIOTS...

With Knife Murders Spiking After Gun Ban, UK Urges “Save a Life–Surrender Your Knife”

by Mac Slavo, SHTFPlan:

Don’t try to think this one through. The logic fail and sheer volume of absurdity might just make you sick if you do. For the UK – whose laws and policies all-too-often influence those of the U.S. – gun control isn’t enough. Probably nothing will ever be enough.
Now a call to surrender knives, ongoing for years, is in full swing. Via Citizen Action:
The right to bear arms might be under attack here in America–but in the United Kingdom, police are trying to do something even more ridiculous: they’re attempting to ban knives.
Read More @ SHTFPlan.com


70 Million Americans on Verge of Financial Catastrophe

from CrushTheStreet:





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