Greece Rejects "Totally Unacceptable" IMF Counterproposal Demanding Pension Cuts: Full Redline Comparison
Submitted by Tyler Durden on 06/24/2015 - 07:47 The renewed optimism that's surrounded Greek debt negotiations since Monday evening evaporated like deposits on a hot summer day in Athens this morning as the IMF has indicated it will stick to its "red lines" on pension cuts and the VAT, meaning PM Alexis Tsipras will either surrender unconditionally or embrace an EMU exit.
by Daniel Barker, Natural News:
Something truly terrible has happened in America. It didn’t take place
overnight, and the truth is that what went wrong happened so gradually —
so incrementally — that most people didn’t see it coming until it was
too late.
But I’m getting ahead of myself. I want to talk about two problems, actually, one so big that I have to zoom out a bit to describe it. The other is almost equally huge and is directly related to the first. The first problem will take a lot of concerted effort to solve. The second one, however, can be solved soon, and in doing so, we make great progress towards at least beginning to grapple with the first.
The main problem, in case you haven’t noticed, is that our government has sold us out. Our so-called “leaders” — both Democrats and Republicans, and nearly every last one of them (with a very few possible exceptions) — have been bought and paid for by mega-corporations, cartels, monopolies or whatever you like to call them.
Big Pharma, Big Oil, Big Arms Manufacturers, Big Agriculture — you get the idea…
Read More @ Naturalnews.com
Something truly terrible has happened in America. It didn’t take place
overnight, and the truth is that what went wrong happened so gradually —
so incrementally — that most people didn’t see it coming until it was
too late.But I’m getting ahead of myself. I want to talk about two problems, actually, one so big that I have to zoom out a bit to describe it. The other is almost equally huge and is directly related to the first. The first problem will take a lot of concerted effort to solve. The second one, however, can be solved soon, and in doing so, we make great progress towards at least beginning to grapple with the first.
The main problem, in case you haven’t noticed, is that our government has sold us out. Our so-called “leaders” — both Democrats and Republicans, and nearly every last one of them (with a very few possible exceptions) — have been bought and paid for by mega-corporations, cartels, monopolies or whatever you like to call them.
Big Pharma, Big Oil, Big Arms Manufacturers, Big Agriculture — you get the idea…
Read More @ Naturalnews.com
"Angry And Embarrassed" France Calls US Spying "Unacceptable", Demands US "Repair Damaged Relations"
Submitted by Tyler Durden on 06/24/2015 - 11:07 Angry and embarrassed, France summoned the U.S. ambassador Wednesday to respond to the revelations by WikiLeaks that the U.S. National Security Agency eavesdropped on three successive French presidents and other top officials. Prime Minister Manuel Valls said the U.S. must do everything it can, and quickly, to "repair the damage" to U.S.-French relations from the revelations, which he called "a very serious violation of the spirit of trust" between the allies. "If the fact of the revelations today does not constitute a real surprise for anyone, that in no way lessens the emotion and the anger. They are legitimate. France will not tolerate any action threatening its security and fundamental interests."
Stunned Investors See NFLX Stock Split Gains Eviscerated As Icahn Exits
Submitted by Tyler Durden on 06/24/2015 - 10:44 You just can't make this up... We're gonna need some greater fools!
"Nailed It"
Submitted by Tyler Durden on 06/24/2015 - 10:29 Presented with little comment aside to ask - why does anyone listen to these idiots anyway?
The Only Good Deal For Greece Is NO Deal
Submitted by Tyler Durden on 06/24/2015 - 10:05 "We've won a few months' respite but the problem will come back," France's Marine Le Pen said of Greece... "Today we're talking about Grexit, tomorrow it will be Brexit, and the day after tomorrow it will be Frexit." We shouldn’t need Le Pen to voice the obvious. But that no other ‘leader’, save for Nigel Farage, puts it into these crystal clear terms, does tell us a lot about all other European leaders. And unfortunately that includes Alexis Tsipras. Though we hold out some hope for him yet. Here’s hoping he will not sign that deal, whichever it may be in the end, and thereby set in motion the disintegration of the unholy Union.
Excluding Obamacare And The "Harsh Winter", Q1 GDP Tumbled -1.4%
Submitted by Tyler Durden on 06/24/2015 - 09:45 If one excludes just three items: Obamacare, the "harsh winter", and near record inventory re-stocking in anticipation of a spending deluge that never comes, Q1 GDP would have tumbled nearly 2.0%.
Putin Strikes Back: Cuts Ukraine Gas Discount
Submitted by Tyler Durden on 06/24/2015 - 09:22 We had wondered at the relative lack of response by Russia to extended sanctions and asset freezes in Europe and now we see the first major move. Having confirmed new counter-sanctions this morning, Russian President Vladimir Putin just threw The IMF (US taxpayers), and Ukraine's 'American' finance minister under the bus... "Moscow can no longer give Ukraine gas discounts due to the current drop in oil prices." The price must be on level of other countries like Poland, he added.
from Neon Nettle:
The country has imposed the tax to prevent it hemorrhaging money as it
loosens bank laws imposed six years ago, when Iceland made the shocking
decision to let its banks go bust.
Iceland also allowed bankers to be prosecuted as criminals – in contrast to the US and Europe, where banks were fined, but chief executives escaped punishment.
The proof that icelands decison six years ago is now baring fruits could trigger a world wide revoltion – something that the elites are desperately trying to keep a lid on.
Read More @ NeonNettle.com
hat tip/WhatReallyHappened.com
The country has imposed the tax to prevent it hemorrhaging money as it
loosens bank laws imposed six years ago, when Iceland made the shocking
decision to let its banks go bust.Iceland also allowed bankers to be prosecuted as criminals – in contrast to the US and Europe, where banks were fined, but chief executives escaped punishment.
The proof that icelands decison six years ago is now baring fruits could trigger a world wide revoltion – something that the elites are desperately trying to keep a lid on.
Read More @ NeonNettle.com
hat tip/WhatReallyHappened.com
Gold & Silver Slammed In Mini-Flash-Crash
Submitted by Tyler Durden on 06/24/2015 - 08:56 15 minutes after GDP data was released - showing Q1 was indeed as weak as expected and inventories suggesting Q2 will be just as weak - someone decided it was an appropriate time to dump over half a billion dollars of notional gold on the futures market...
Final Q2 GDP Revision Confirms 3rd Negative GDP Quarter Of The "Recovery", Inventory Build Up Flashing Red
Submitted by Tyler Durden on 06/24/2015 - 08:48 Just as consensus had expected, after printing at -0.7% in the first revision to Q1 GDP, the final revised GDP print for the March 31-ended quarter came in at -0.2%, confirming the third negative GDP quarter in one recovery cycle since 2011 (all of which have come in the first quarter of the year as global winter cooling fans will have you know)- the first time this has happened since the 1950s.
Collapse Part 3: No Institutional Path To Contraction
Submitted by Tyler Durden on 06/24/2015 - 08:08 Collapse is not an event, it is a process.
When it comes to geopolitics, there are often wheels working within
wheels that are working within wheels. Once in a while we get a peek
behind the scenes, but for the most part the machinations of the global
elite remain shrouded in mystery most of the time. And sometimes the
global elite appear to be doing things that, on the surface, do not seem
to make much sense at all. What is going on in Europe is a perfect
example of this. If everyone was negotiating honestly, I believe that a
Greek debt deal would have been reached by now. As this endless crisis
has stretched on month after month, it has become increasingly apparent
that more is going on here than meets the eye. In particular, the IMF
has been standing in the way of a deal time after time. So what do IMF
officials want? Are they looking for the “unconditional surrender” of
this new Greek government in order to send a message to other
governments that would potentially defy them? Or could it be possible
that the IMF actually wants a Greek debt default for some other
insidious reason?Read More…
from Wolf Street:
A tsunami of cheap cars manufactured in China would wash over America,
just like all the other products from China – those were the predictions
and fears over the years. It seemed inevitable. The US auto market,
until recently the biggest in the world, was just too juicy. But it
hasn’t quite worked out.
Some efforts are still underway. Guangzhou Auto Group, sixth largest car manufacturer in China and joint-venture partner of Toyota and Honda, is trying to line up dealers in the US while researching how to comply with US regulations, the company announced in April. It plans to start selling its China-made models in the US by 2017.
Read More @ Wolfstreet.com
image: afroautos.com
A tsunami of cheap cars manufactured in China would wash over America,
just like all the other products from China – those were the predictions
and fears over the years. It seemed inevitable. The US auto market,
until recently the biggest in the world, was just too juicy. But it
hasn’t quite worked out.Some efforts are still underway. Guangzhou Auto Group, sixth largest car manufacturer in China and joint-venture partner of Toyota and Honda, is trying to line up dealers in the US while researching how to comply with US regulations, the company announced in April. It plans to start selling its China-made models in the US by 2017.
Read More @ Wolfstreet.com
image: afroautos.com
from ZenGardner:
Now we have another weapon in our arsenal to fight back against the ongoing climate engineering insanity, acknowledgment of the atmospheric spraying in a science publication. Geoengineeringwatch.org has had extensive ongoing communication with Dr. Herndon, he attended the California Jam event in Southern California with me. My gratitude to geoscientist/physicist Marvin Herndon for his courage in directly addressing the issue of geoengineering when the vast majority of climate science community is cowering in the shadows.
Dane Wigington
geoengineeringwatch.org
In a scientific article in Current Science (Indian Academy of Sciences), San Diego geoscientist, J. Marvin Herndon discloses: “Globally, for the past decade or more, with dramatically increasing intensity, our planet is being deliberately and clandestinely exposed to a non-natural substance which releases toxic mobile aluminum into the environment .… But there has been no public admission, no understanding, no academic investigations, no informed consent, and no disclosure as to the nature of the toxic substances being dispersed into the air.”
Read More @ ZenGardner.com
Now we have another weapon in our arsenal to fight back against the ongoing climate engineering insanity, acknowledgment of the atmospheric spraying in a science publication. Geoengineeringwatch.org has had extensive ongoing communication with Dr. Herndon, he attended the California Jam event in Southern California with me. My gratitude to geoscientist/physicist Marvin Herndon for his courage in directly addressing the issue of geoengineering when the vast majority of climate science community is cowering in the shadows.
Dane Wigington
geoengineeringwatch.org
In a scientific article in Current Science (Indian Academy of Sciences), San Diego geoscientist, J. Marvin Herndon discloses: “Globally, for the past decade or more, with dramatically increasing intensity, our planet is being deliberately and clandestinely exposed to a non-natural substance which releases toxic mobile aluminum into the environment .… But there has been no public admission, no understanding, no academic investigations, no informed consent, and no disclosure as to the nature of the toxic substances being dispersed into the air.”
Read More @ ZenGardner.com
from USA Watchdog:
Attorney and public banking expert Ellen Brown says the recent Obama trade deal is bad news.
Brown contends, “We don’t even know how bad it is. All we know we got out of WikiLeaks. It’s all secret. They are negotiating what would be called a treaty which should require a two-thirds vote under the Constitution. They are negotiating it for “fast-track” and it is completely secret. . . . These documents are supposed to be kept classified for four years after this thing passes. How is that even possible? There are two other agreements that are coming down the pipe that are also covered by “fast-track,” which means they go directly to an up or down vote. Only get a brief time to look at it. They don’t get to use filibusters. They don’t get to debate. Besides the TPP (Trans Pacific Partnership) which is bad enough because what we know of it is horrible, there is the Trans-Atlantic Agreement which is similar to the TPP with Pacific Rim countries. There’s another one that we only just heard about which is the TiSA, which is the Trade in Services Agreement. This covers 80% of the American economy and all sorts of services, including financial services, which means banking. So, we can’t regulate banking anymore, and that is basically what it means.”
Read More @ USAWatchdog.com
Attorney and public banking expert Ellen Brown says the recent Obama trade deal is bad news.
Brown contends, “We don’t even know how bad it is. All we know we got out of WikiLeaks. It’s all secret. They are negotiating what would be called a treaty which should require a two-thirds vote under the Constitution. They are negotiating it for “fast-track” and it is completely secret. . . . These documents are supposed to be kept classified for four years after this thing passes. How is that even possible? There are two other agreements that are coming down the pipe that are also covered by “fast-track,” which means they go directly to an up or down vote. Only get a brief time to look at it. They don’t get to use filibusters. They don’t get to debate. Besides the TPP (Trans Pacific Partnership) which is bad enough because what we know of it is horrible, there is the Trans-Atlantic Agreement which is similar to the TPP with Pacific Rim countries. There’s another one that we only just heard about which is the TiSA, which is the Trade in Services Agreement. This covers 80% of the American economy and all sorts of services, including financial services, which means banking. So, we can’t regulate banking anymore, and that is basically what it means.”
Read More @ USAWatchdog.com
by Susan Jones, CNSnews:
Baltimore Mayor Stephanie Rawlings-Blake, criticized
for giving people too much space to protest during the recent rioting
in her city, has an additional job: On Monday, she was sworn in as
president of the U.S. Conference of Mayors, a group that influences
national urban policy.
“She’s been elected by her peers,” said USCM CEO and Executive Director Tom Cochran. “It’s one of the highest honors you can have as a mayor. For one year, she’s America’s mayor. It’s a very powerful position.”
As conference president, Rawlings-Blake, a Democrat, will set the organization’s agenda, appoint committee and task force chairs and serve as the national spokesperson for the one-year term that runs through June 2016. “At a time when women, and African-American women especially, still face many challenges, the honor of being a female president of this organization and the first African-American female president is not lost on me,” Rawlings-Blake said in her inaugural speech.
Read More @ CNSnews.com
Baltimore Mayor Stephanie Rawlings-Blake, criticized
for giving people too much space to protest during the recent rioting
in her city, has an additional job: On Monday, she was sworn in as
president of the U.S. Conference of Mayors, a group that influences
national urban policy.“She’s been elected by her peers,” said USCM CEO and Executive Director Tom Cochran. “It’s one of the highest honors you can have as a mayor. For one year, she’s America’s mayor. It’s a very powerful position.”
As conference president, Rawlings-Blake, a Democrat, will set the organization’s agenda, appoint committee and task force chairs and serve as the national spokesperson for the one-year term that runs through June 2016. “At a time when women, and African-American women especially, still face many challenges, the honor of being a female president of this organization and the first African-American female president is not lost on me,” Rawlings-Blake said in her inaugural speech.
Read More @ CNSnews.com
by Peter Cooper, Arabian Money:
The first signs of a rush to convert financial assets into physical
gold in China have emerged with a spike in physical gold payouts at the
Shanghai gold exchanges. Withdrawals of physical gold from the Shanghai
Gold Exchange and Shanghai International Gold Exchange jumped 41 per
cent in the trading week 8-12th June from the previous week, while
year-to-date withdrawals are up 20 per cent to an incredible 1,061
tones.
Massive rotation
To put that figure into perspective, that is higher than China’s entire last officially declared gold reserve. It represents a massive conversion of paper assets into bars of the precious metal. The 8-12th June gold rush came before the Shanghai Composite began to sell-off late last week, quickly entering a bear market with stocks down more than 20 per cent. How much paper gold trading has been converted into the physical stuff in this market collapse?
Read More @ ArabianMoney.com
The first signs of a rush to convert financial assets into physical
gold in China have emerged with a spike in physical gold payouts at the
Shanghai gold exchanges. Withdrawals of physical gold from the Shanghai
Gold Exchange and Shanghai International Gold Exchange jumped 41 per
cent in the trading week 8-12th June from the previous week, while
year-to-date withdrawals are up 20 per cent to an incredible 1,061
tones.Massive rotation
To put that figure into perspective, that is higher than China’s entire last officially declared gold reserve. It represents a massive conversion of paper assets into bars of the precious metal. The 8-12th June gold rush came before the Shanghai Composite began to sell-off late last week, quickly entering a bear market with stocks down more than 20 per cent. How much paper gold trading has been converted into the physical stuff in this market collapse?
Read More @ ArabianMoney.com
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