Submitted by Tyler Durden on 06/14/2015 - 19:30
by Ambrose Evans-Pritchard, The Telegraph:
The radical wing of Greece’s Syriza party is to table plans over
coming days for an Icelandic-style default and a nationalisation of the
Greek banking system, deeming it pointless to continue talks with
Europe’s creditor powers.
Syriza sources say measures being drafted include capital controls and the establishment of a sovereign central bank able to stand behind a new financial system. While some form of dual currency might be possible in theory, such a structure would be incompatible with euro membership and would imply a rapid return to the drachma.
The confidential plans were circulating over the weekend and have the backing of 30 MPs from the Aristeri Platforma or ‘Left Platform’, as well as other hard-line groupings in Syriza’s spectrum. It is understood that the nationalist ANEL party in the ruling coalition is also willing to force a rupture with creditors, if need be.
Read More @ Telegraph.co.uk
from Pete Santilli Show:
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TPP Explained (In Comic Book Cartoons)
Submitted by Tyler Durden on 06/14/2015 - 17:15
The radical wing of Greece’s Syriza party is to table plans over
coming days for an Icelandic-style default and a nationalisation of the
Greek banking system, deeming it pointless to continue talks with
Europe’s creditor powers.Syriza sources say measures being drafted include capital controls and the establishment of a sovereign central bank able to stand behind a new financial system. While some form of dual currency might be possible in theory, such a structure would be incompatible with euro membership and would imply a rapid return to the drachma.
The confidential plans were circulating over the weekend and have the backing of 30 MPs from the Aristeri Platforma or ‘Left Platform’, as well as other hard-line groupings in Syriza’s spectrum. It is understood that the nationalist ANEL party in the ruling coalition is also willing to force a rupture with creditors, if need be.
Read More @ Telegraph.co.uk
by Claire Bernish, The Anti Media:
After Iceland suffered a heavy hit in the 2008-2009 financial crisis,
which famously resulted in convictions and jail terms for a number of
top banking executives, the IMF now says the country has managed to achieve economic recovery—“without compromising its welfare model,”
which includes universal healthcare and education. In fact, Iceland is
on track to become the first European country that suffered in the
financial meltdown to “surpass its pre-crisis peak of economic output”—essentially proving to the U.S. that bailing out “too big to fail” banks wasn’t the way to go.
Iceland is beautifully, yet unfortunately, unique in how it chose to handle the disaster. It simply let the banks fail, which resulted in defaults totaling $85 billion—lending ample justification for the prosecution and conviction of bank executives for various fraud-related charges. The decision seemed shocking at the time, but the gamble has obviously paid off. Choosing a different route, the U.S. bailed out the banks and let executives off the hook by levying fines that ultimately ended up being paid by the corporations—meaning the executives ostensibly responsible for the mess got off scot-free.
Read More @ Theantimedia.org
hat tip: Gnostic image credit: grizzom.blogspot.com
After Iceland suffered a heavy hit in the 2008-2009 financial crisis,
which famously resulted in convictions and jail terms for a number of
top banking executives, the IMF now says the country has managed to achieve economic recovery—“without compromising its welfare model,”
which includes universal healthcare and education. In fact, Iceland is
on track to become the first European country that suffered in the
financial meltdown to “surpass its pre-crisis peak of economic output”—essentially proving to the U.S. that bailing out “too big to fail” banks wasn’t the way to go.Iceland is beautifully, yet unfortunately, unique in how it chose to handle the disaster. It simply let the banks fail, which resulted in defaults totaling $85 billion—lending ample justification for the prosecution and conviction of bank executives for various fraud-related charges. The decision seemed shocking at the time, but the gamble has obviously paid off. Choosing a different route, the U.S. bailed out the banks and let executives off the hook by levying fines that ultimately ended up being paid by the corporations—meaning the executives ostensibly responsible for the mess got off scot-free.
Read More @ Theantimedia.org
hat tip: Gnostic image credit: grizzom.blogspot.com
by Cassius Methyl, ActivistPost:
A former police commander from Tajikistan was featured in an ISIS
video recently where he admitted he was trained by the U.S. State
Department and former military contractor Blackwater all the way up until last year.
At a Blackwater facility in North Carolina, Col. Gulmurod Khalimov received “counter-terrorism training.”
“From 2003-2014 Colonel Khalimov participated in five counterterrorism training courses in the United States and in Tajikistan, through the Department of State’s Diplomatic Security/Anti-Terrorism Assistance program,” said US State Department spokeswoman Pooja Jhunjhunwala.
Read More @ ActivistPost.com
A former police commander from Tajikistan was featured in an ISIS
video recently where he admitted he was trained by the U.S. State
Department and former military contractor Blackwater all the way up until last year.At a Blackwater facility in North Carolina, Col. Gulmurod Khalimov received “counter-terrorism training.”
“From 2003-2014 Colonel Khalimov participated in five counterterrorism training courses in the United States and in Tajikistan, through the Department of State’s Diplomatic Security/Anti-Terrorism Assistance program,” said US State Department spokeswoman Pooja Jhunjhunwala.
Read More @ ActivistPost.com
from ENE News:
Banyan Analytics, an institute that assists the U.S. Government in developing strong emergency preparedness and response systems in the Asia-Pacific; Founded by ANSER, a security and defense analysis group that works with the U.S. government and miltary, Nov. 14, 2013 (emphasis added):
Few issues on the Asia-Pacific security horizon are more worrying and potentially more destabilizing to the region than the decommissioning and cleanup of the Fukushima Daiichi nuclear power plant… the situation is dangerous enough that a single mistake could potentially lead to a radiological disaster far worse than the initial disaster… That there has not yet been a major disruption in Fukushima that could cause another meltdown and potentially affect the lives of millions in the Asia-Pacific and on the western coast of the United States is an incredible relief to all. But, as some scientists have asserted, the situation in Fukushima is so fragile that a number of things could go wrong at any moment to make the currently risky situation turn globally catastrophic. An earthquake or severe storm… could cause damage… leading to the massive radiological contamination of the Pacific region, which would endanger the lives of millions of people and force mass evacuations… In the context of regional security, it is important to acknowledge that the situation in Fukushima poses a substantial risk to the stability of the Asia-Pacific. If an incident occurred during the decommissioning of… the nuclear facility, it would impact systems such as the social and political stability of Japan as well as countries in the region; food security; public health; trade and commerce; the global environment; and regional politics. Governments in the Asia-Pacific would do well to anticipate a variety of emergency scenarios that could unfold during the upcoming and most fragile phases of decommissioning.
Read More @ ENEnews.com
Banyan Analytics, an institute that assists the U.S. Government in developing strong emergency preparedness and response systems in the Asia-Pacific; Founded by ANSER, a security and defense analysis group that works with the U.S. government and miltary, Nov. 14, 2013 (emphasis added): Few issues on the Asia-Pacific security horizon are more worrying and potentially more destabilizing to the region than the decommissioning and cleanup of the Fukushima Daiichi nuclear power plant… the situation is dangerous enough that a single mistake could potentially lead to a radiological disaster far worse than the initial disaster… That there has not yet been a major disruption in Fukushima that could cause another meltdown and potentially affect the lives of millions in the Asia-Pacific and on the western coast of the United States is an incredible relief to all. But, as some scientists have asserted, the situation in Fukushima is so fragile that a number of things could go wrong at any moment to make the currently risky situation turn globally catastrophic. An earthquake or severe storm… could cause damage… leading to the massive radiological contamination of the Pacific region, which would endanger the lives of millions of people and force mass evacuations… In the context of regional security, it is important to acknowledge that the situation in Fukushima poses a substantial risk to the stability of the Asia-Pacific. If an incident occurred during the decommissioning of… the nuclear facility, it would impact systems such as the social and political stability of Japan as well as countries in the region; food security; public health; trade and commerce; the global environment; and regional politics. Governments in the Asia-Pacific would do well to anticipate a variety of emergency scenarios that could unfold during the upcoming and most fragile phases of decommissioning.
Read More @ ENEnews.com
from Pete Santilli Show:
from SLACKER614:
Video recorded at 9:15 pm, June 13th, 2015: The train is headed South out of Portland, OR. I am a retired disabled veteran….I served with 1st Armored Div…Old Ironsides….im disabled 100% from military service.
Additional, much longer train video: Click HERE.
Video recorded at 9:15 pm, June 13th, 2015: The train is headed South out of Portland, OR. I am a retired disabled veteran….I served with 1st Armored Div…Old Ironsides….im disabled 100% from military service.
Additional, much longer train video: Click HERE.
by Christina Sarich, Natural Society:
In the same way Big Food makers tried to rename sugar in their products
so that consumers wouldn’t know that their favorite brands contained
almost 75 percent empty calories, the mainstream media is trying to re-brand GMOs so that the public thinks the food creations are completely safe.
That’s right. Just like Hilary Clinton advised biotech at a recent symposium, she thinks if customers just ‘thought of GMOs differently’ we would like them more.
Like putting a new coat of paint on a dilapidated shed and calling it a mansion, or prettying up our fall wardrobe with some new shoes – we just need a new ‘name’ for GMOs, and then we’d like eating something that could make us infertile while causing cancer and kidney failure.
Read More @ NaturalSociety.com
In the same way Big Food makers tried to rename sugar in their products
so that consumers wouldn’t know that their favorite brands contained
almost 75 percent empty calories, the mainstream media is trying to re-brand GMOs so that the public thinks the food creations are completely safe.That’s right. Just like Hilary Clinton advised biotech at a recent symposium, she thinks if customers just ‘thought of GMOs differently’ we would like them more.
Like putting a new coat of paint on a dilapidated shed and calling it a mansion, or prettying up our fall wardrobe with some new shoes – we just need a new ‘name’ for GMOs, and then we’d like eating something that could make us infertile while causing cancer and kidney failure.
Read More @ NaturalSociety.com
by Dr. Jeffrey Lewis, Silver-coin-investor:
At one time I owned shares of the Vanguard 500 index fund. It was
highly recommended at the time as the simple no-brainer. Just put your
money there, go back to work and don’t think about it. I was marginally
satisfied, though not at peace. And that was a long time ago, when
silver was like gold; a relic no one cared about or needed.
Recently I got another brush with Vanguard when uncle enthusiastically insisted read John Bogle’s “The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns”.
It was brought out on the heals of a intense debate on why I felt anyone should hold at least some amount of physical precious metals, and silver in particular. He agreed with most of the premise. He acknowledged the ultimate plight of the dollar, but could not see it as a reality in his lifetime.
Read More @ Silver-coin-investor.com
At one time I owned shares of the Vanguard 500 index fund. It was
highly recommended at the time as the simple no-brainer. Just put your
money there, go back to work and don’t think about it. I was marginally
satisfied, though not at peace. And that was a long time ago, when
silver was like gold; a relic no one cared about or needed. Recently I got another brush with Vanguard when uncle enthusiastically insisted read John Bogle’s “The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns”.
It was brought out on the heals of a intense debate on why I felt anyone should hold at least some amount of physical precious metals, and silver in particular. He agreed with most of the premise. He acknowledged the ultimate plight of the dollar, but could not see it as a reality in his lifetime.
Read More @ Silver-coin-investor.com
Euro & Stocks Maintain Losses Before EU Open As China Market Cap Tops $10 Trillion For 1st Time Ever
Submitted by Tyler Durden on 06/14/2015 - 23:15 The total market capitalization of China's stocks is now over 40% the size of the US stock market and topped $10 trillion for the first time in history. This represents at 8-fold increase in Chinese market cap since Lehman. But after that initial pop, Chinese stocks are weak too. Meanwhile in other markets the EUR is notably lower against the JPY and USD but appears to be protected from a plunge for now hovering at 138.40 and 1.1200 respectively after the Greek Deal failure news. US equity futures are tumbling, down 9 points but off the initial lows for now.How Obama's "Trade" Deals Are Designed To End Democracy
Submitted by Tyler Durden on 06/14/2015 - 22:30
The world is already almost completely fascistic. The
fact that these ‘trade’ deals are being pushed right now, means that
the people who are in power have concluded that, already, ‘the
free world’ is so dictatorial, that the chances that their plan can now
be imposed globally are about as good as is likely ever to be the case
again. The time is ripe for them to establish a global corporate dictatorship. The political money this year will be flowing like never before.
Should Students Voluntarily Default On $1.3 Trillion In Debt?
Submitted by Tyler Durden on 06/14/2015 - 21:45 "Over the last couple of decades, we have been engaged in an enormous national experiment, taking impressionable and often ignorant teenagers and young adults and seeing just how much student loan debt they can handle.There is a practical question at hand for people who feel as if they are in over their heads: Is it ever a good idea to try to beat the system by openly defying it and refusing to repay the debt that you willingly took on?"The Futility Of Our Global Monetary Experiment
Submitted by Tyler Durden on 06/14/2015 - 21:00 The Fed’s balance sheet grew eight times more rapidly than the economy during the last fourteen years. That’s just the inverse of the relationship that occurred back in the Golden Era. if you need any proof at all of this massive intrusion into the financial system isn’t working; the huge amount of money printing and balance sheet expansion; the unremitting financial repression and pegging of interest rates; look at that fundamental comparison. The only thing it’s really doing is simply inflating the serial bubble that ultimately reach unsustainable peaks and collapse. Hopefully on the third strike, the people who gave us these bubbles will be out.Sepp Blatter "Smells Fresh Air" At FIFA, Plans To Unresign
Submitted by Tyler Durden on 06/14/2015 - 18:45 Despite 'generously' offering his resignation just hours after being re-elected FIFA President following the massively wide-spread scandal; Swiss newspaper Schweiz am Sonntag is reporting, thanks to "generous messages of support from Asia and African colleagues," Sepp Blatter is considering remaining in charge of the fraudulent festering football fiefdom.Writing's On The Wall: Texas Pulls $1 Billion In Gold From NY Fed, Makes It "Non-Confiscatable"
Submitted by Tyler Durden on 06/14/2015 - 20:30 The lack of faith in central bank trustworthiness is spreading. First Germany, then Holland, and Austria, and now - as we noted was possible previously - Texas has enacted a Bill to repatriate $1 billion of gold from The NY Fed's vaults to a newly established state gold bullion depository..."People have this image of Texas as big and powerful … so for a lot of people, this is exactly where they would want to go with their gold," and the Bill includes a section to prevent forced seizure from the Federal Government. Is this the first step down a road to secession?/
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