Submitted by Tyler Durden on 07/11/2015 - 18:17 Equity markets roared higher Thursday and Friday as they 'knew' a deal was imminent in Greece because Tsipras appeared to backpedal. However, after someone told Merkel the truth, and "everyone knows you can't believe" the Greeks, The Eurorgoup Meeting ends with zero agreement after 9 hours of rumor-mongering and escalating tensions. Local reporters noted the leaders could not even agree on what to disagree about as an increasing number of EU member states pushed for either a Grexit or considerably tougher sanctions austerity on the Greeks. There is no press conference and the meeting will resume tomorrow at 11am... shortly before FX markets open.
Prominent German politician Oskar Lafontaine has called for the
abandonment of the single European currency, in an interview with the
Der Spiegel magazine.In an interview with the Der Spiegel magazine, the former chairman of Germany’s Social Democratic Party, Oskar Lafontaine, has called for the abandonment of the single European currency.
According to him, the biggest mistake in creating a single currency union was the fact that the process was not preceded by the formation of a new political association.
Read More @ SputnikNews.com
Goldman Sachs — the Great Vampire Squid that helped oligarchs and
corrupt politicians hide the debt central bankers say the Greek people
owe — faces legal action over the role it played in the financial
crisis. The investment bank worked behind the scenes to ensure Greece
followed strict Maastricht rules for eurozone membership, according to a
former Goldman banker who advised indebted governments on recovering
losses made from complex transactions with banks.The swaps hid the true extent of the country’s outstanding debt and resulted in a hefty profit for Goldman Sachs — around $500 million — a figure disputed by the bank.
Jaber George Jabbour, a former Goldman employee who designed swaps told the Greek government in a formal letter that it could “right historical wrongs as part of (its) plan to reduce Greece’s debt,” according to a reported published today by The Independent.
Read More @ Infowars.com
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07/11/2015 - 20:06
Guest Post: A Coming Era Of Civil Disobedience?
Submitted by Tyler Durden on 07/11/2015 - 22:00 If a family disagreed as broadly as we Americans do on issues so fundamental as right and wrong, good and evil, the family would fall apart, the couple would divorce, and the children would go their separate ways. Something like that is happening in the country. A secession of the heart has already taken place in America, and a secession, not of states, but of people from one another, caused by divisions on social, moral, cultural, and political views and values, is taking place. America is disuniting.
by Jonathan Benson, Natural News:
Skull on fire, writhing in pain, one journalist tells his own story
about the onset of searing headaches and the feeling of being “hit over the head with a rod of steel.” That’s
how journalist Adam Estes described the mysterious “bolts of pain” that
shot from the top of his neck and across his skull.
The pain was debilitating and confusing. He was never physically attacked or hit across the head. He hadn’t been in a car accident. He didn’t have a sports injury. The pain stemmed from something much simpler, something right under his nose. It all had to do with his posture.
“[It was] as if someone had hit me over the head with a red hot rod of steel sending electric bolts of pain across my skull,” wrote Journalist Adam Estes in an article for Gizmodo.
Read More @ NaturalNews.com
Skull on fire, writhing in pain, one journalist tells his own story
about the onset of searing headaches and the feeling of being “hit over the head with a rod of steel.” That’s
how journalist Adam Estes described the mysterious “bolts of pain” that
shot from the top of his neck and across his skull.The pain was debilitating and confusing. He was never physically attacked or hit across the head. He hadn’t been in a car accident. He didn’t have a sports injury. The pain stemmed from something much simpler, something right under his nose. It all had to do with his posture.
“[It was] as if someone had hit me over the head with a red hot rod of steel sending electric bolts of pain across my skull,” wrote Journalist Adam Estes in an article for Gizmodo.
Read More @ NaturalNews.com
Testifying in the U.S Senate yesterday, Congressional Budget Office
Director Keith Hall warned that the publicly held debt of the U.S.
government, when measured as a percentage of Gross Domestic Product, is
headed toward a level the United States has seen only once in its
history—at the end of World War II.To simply contain the debt at the high historical level where it currently sits—74 percent of GDP–would require either significant increases in federal tax revenue or decreases in non-interest federal spending (or a combination of the two).
Historically, U.S. government debt held by the public, measured as a percentage of GDP, hit its peak in 1945 and 1946, when it was 104 percent and 106 percent of GDP respectively. In 2015, the CBO estimates that the U.S. government debt held by the public will be 74 percent of GDP. That is higher than the 69-percent-of-GDP debt the U.S. government had in 1943—the second year after Pearl Harbor.
Read More @ CNSnews.com
"There Is Going To Be A Taper Tantrum In Latin America... It Is Inescapable"
Submitted by Tyler Durden on 07/11/2015 - 20:25
Greece needs a bailout and China's stock market is in meltdown mode. But the global economy has another rising red flag: Latin America.
When Money Dies
Submitted by Tyler Durden on 07/11/2015 - 17:44 “When Money Dies” is the title of a 1975 book by Adam Fergusson, in which he describes the downfall of the Reichsmark in Weimar Germany. A fascinating look at that period of history, one can glean quite a few useful pieces of advice on how to survive a currency crisis. But “when money dies” could also describe the current currency crisis in Greece, in which many Greeks seem to have taken those lessons from Fergusson’s account of the Weimar hyperinflation to heart.
With Jade Helm 15 is less than a week away, hundreds of citizens are
prepared to conduct “Counter Jade Helm,” a surveillance operation of
military activity during the secretive government exercise spanning the
Southwest.Now that the military has announced it will not allow the media to cover the massive exercise, Counter Jade Helm and citizen reports will be the only information available. Eric Johnston, a 51-year-old retired firefighter and sheriff’s deputy who lives in Kerrville, is a surveillance team leader in Texas, the Houston Chronicle reports. Beginning on July 15 when Jade Helm begins, Johnston will coordinate three groups of volunteers to monitor the SEALs, Green Berets and Air Force Special Ops in Bastrop, Big Spring and Junction.
“If a team member sees two Humvees full of soldiers driving through town, they’re going to follow them,” Johnston said. “And they’re going to radio back their ultimate location.” Pete Lanteri, a former Marine living in Arizona, founded the Counter Jade Helm Facebook page. The group has six thousand members and has set-up a web page where reports will be posted.
Read More @ Infowars.com
Someone Told Merkel...
Submitted by Tyler Durden on 07/11/2015 - 18:07 €10-14 billion was bad enough, but €25 billion may have been simply too much to bear...
Economic Sanctions Cause War, Not Peace: Some Lessons From FDR's Embargo Against Japan
Submitted by Tyler Durden on 07/11/2015 - 19:10 Ask a typical American how the United States got into World War II, and he will almost certainly tell you that the Japanese attacked Pearl Harbor and the Americans fought back. Ask him why the Japanese attacked Pearl Harbor, and he will probably need some time to gather his thoughts. Ask him what the United States did to provoke the Japanese, and he will probably say that the Americans did nothing: we were just minding our own business when the crazy Japanese, completely without justification, mounted a sneak attack on us, catching us totally by surprise in Hawaii on December 7, 1941. Unfortunately, this orthodox view is a tissue of misconceptions.Meanwhile, In The Kremlin...
Submitted by Tyler Durden on 07/11/2015 - 18:45
"Things over in Europe sure are making me hungry"
Risky Loans Are 'Driving' US Auto Sales: 3 Charts
Submitted by Tyler Durden on 07/11/2015 - 17:00
Conspiracy Fact: How The Government Conducted 239 Secret Bioweapon Experiments On The American People
Submitted by Tyler Durden on 07/11/2015 - 16:13 Take a step back and imagine if you were alive in 1950. Five years after the Allies’ glorious victory in World War II, and someone told you the U.S. government was conducting bioweapon experiments on the American public in secret. Not only would you not believe it, you’d think this person was a complete and total lunatic. Now try to imagine what they are undoubtably doing right now.
Schauble Proposes "5 Year Grexit With Humanitarian Support"; What The Other Eurozone FinMins Are Saying On Greece
Submitted by Tyler Durden on 07/11/2015 - 15:42 Here is the punchline from Greek nemesis #1, Schauble: SCHAEUBLE PROPOSES TIME-LIMITED `GREXIT': FAZ; SCHAEUBLE SUGGESTS 5-YR GREXIT, HUMANITARIAN SUPPORT: FAZIn other words, Germany just said kick Greece out, conditionally, for 5 years (it is not quite clear what Greece would use for currency in the meantime), quarantine it, and treat it as a third-world country until 2020. Somehow we doubt global stocks expected this outcome when they soared on Friday...
Finland Echoes Germany, Wants Greece Out; Five Other Nations Back Grexit
Submitted by Tyler Durden on 07/11/2015 - 15:35 Initially it was just an unconfirmed rumor circulating in the German FAS media that the local FinMin had proposed a "temporary Grexit" option. It now appears that this was not only not a rumor, but Schauble's sentiment is contagious: moments ago Finnish broadcaster MTV reported that first Finland, and then the Eurozone's smaller, if somewhat more solvent nations, Estonia, Lithuania, Slovakia, Slovenia and even the Netherlands, support the German position on temporarily suspending Greece' Euro membership.
Border Insecurity (In 1 Cartoon)
Submitted by Tyler Durden on 07/11/2015 - 14:48 Presented with no comment...
Grexit Will Establish Berlin As The New Geopolitical Player To Reckon With
Submitted by Tyler Durden on 07/11/2015 - 14:01 A Greek exit will be evidence that the US and IMF influence on Berlin is waning, and will establish Berlin as the new geopolitical player to reckon with.China's Margin Mania In Context, The "Striking" Comparison With The US And Japan
Submitted by Tyler Durden on 07/11/2015 - 13:10
by Christina Sarich, Natural Society:
Thanks to the admitted link between Monsanto’s best-selling herbicide known as Roundup and the development of cancer, another major lawsuit could be coming up against the biotech titan.
This would be the second major lawsuit over Monsanto’s Roundup health
risk, following awareness campaigns launched by groups like March
Against Monsanto and individuals like Anthony Gucciardi.
It was last May when we told you about the California-based lawsuit that alleged Monsanto acted “to conceal the fact that glyphosate is harmful to humans and animals.” The lawsuit was launched by the office of T. Matthew Phillips, and could amount to a serious legal precedent.
Read More @ NaturalSociety.com
Thanks to the admitted link between Monsanto’s best-selling herbicide known as Roundup and the development of cancer, another major lawsuit could be coming up against the biotech titan.
This would be the second major lawsuit over Monsanto’s Roundup health
risk, following awareness campaigns launched by groups like March
Against Monsanto and individuals like Anthony Gucciardi.It was last May when we told you about the California-based lawsuit that alleged Monsanto acted “to conceal the fact that glyphosate is harmful to humans and animals.” The lawsuit was launched by the office of T. Matthew Phillips, and could amount to a serious legal precedent.
Read More @ NaturalSociety.com
by Adam Hamilton, Zeal, LLC:
China’s stock bubble has burst, with its stock markets utterly
collapsing after rocketing parabolic. The failure of this popular
speculative mania has grave implications for the global stock markets.
It shatters the universally-believed myth that central banks can nullify
normal market cycles. No government has more power over its stock
markets than China’s, yet not even it could magically eradicate greed
and fear.
Even before their recent calamity, the Chinese stock markets had been the most-interesting financial story of 2015. Having the world’s second-largest economy, China is immensely important in global markets. And its stock markets were soaring, as evidenced by China’s flagship benchmark stock index. It is the Shanghai Stock Exchange Composite Index (SSEC), the local equivalent of the US S&P 500.
Read More @ Zealllc.com
China’s stock bubble has burst, with its stock markets utterly
collapsing after rocketing parabolic. The failure of this popular
speculative mania has grave implications for the global stock markets.
It shatters the universally-believed myth that central banks can nullify
normal market cycles. No government has more power over its stock
markets than China’s, yet not even it could magically eradicate greed
and fear.Even before their recent calamity, the Chinese stock markets had been the most-interesting financial story of 2015. Having the world’s second-largest economy, China is immensely important in global markets. And its stock markets were soaring, as evidenced by China’s flagship benchmark stock index. It is the Shanghai Stock Exchange Composite Index (SSEC), the local equivalent of the US S&P 500.
Read More @ Zealllc.com
by Jeff D. Opdyke, GoldSeek:
I live in hurricane country, South Louisiana. You learn down here that
the first sign of blue skies after a ‘cane passes through isn’t the
relief it first seems. It’s a head fake — the quiet, clear eye of the
storm. The horrible truth is that it’s a beautiful lie. For on its way
is the backside of the hurricane, and the destruction it brings is often
worse than what you’ve already survived.
Economies have their own analog. The financial storm passes; the regulators, politicians and populace exhale their relief … and then the backside slams with an unanticipated ferocity — just what happened after the 1929 financial crash.
Read More @ GoldSeek.com
I live in hurricane country, South Louisiana. You learn down here that
the first sign of blue skies after a ‘cane passes through isn’t the
relief it first seems. It’s a head fake — the quiet, clear eye of the
storm. The horrible truth is that it’s a beautiful lie. For on its way
is the backside of the hurricane, and the destruction it brings is often
worse than what you’ve already survived.Economies have their own analog. The financial storm passes; the regulators, politicians and populace exhale their relief … and then the backside slams with an unanticipated ferocity — just what happened after the 1929 financial crash.
Read More @ GoldSeek.com
from The Automatic Earth:
I was going to write up on the uselessness of Angela Merkel, given
that she said on this week that “giving in to Greece could ‘blow apart’
the euro”, and it’s the 180ยบ other way around; it’s the consistent
refusal to allow any leniency towards the Greeks that is blowing the
currency union to smithereens.
Merkel’s been such an abject failure, the fullblown lack of leadership, the addiction to her right wing backbenchers, no opinion that seems to be remotely her own. But I don’t think the topic by itself makes much sense anymore for an article. It’s high time to take a step back and oversee the entire failing euro and EU system.
Read More @ TheAutomaticEarth.com
I was going to write up on the uselessness of Angela Merkel, given
that she said on this week that “giving in to Greece could ‘blow apart’
the euro”, and it’s the 180ยบ other way around; it’s the consistent
refusal to allow any leniency towards the Greeks that is blowing the
currency union to smithereens.Merkel’s been such an abject failure, the fullblown lack of leadership, the addiction to her right wing backbenchers, no opinion that seems to be remotely her own. But I don’t think the topic by itself makes much sense anymore for an article. It’s high time to take a step back and oversee the entire failing euro and EU system.
Read More @ TheAutomaticEarth.com
from Modern Survival Blog:
When it rains, there is a stunning amount of water that falls from the
sky, and it adds up very quickly for every square foot that you capture
and collect from water runoff (as from a tarp).For survival and preparedness, or for the purposes of simply collecting rainwater for various uses including drinking or irrigation, having a method of capturing the rain will provide you with a large quantity of free water.
Here’s how many gallons of rainwater you can collect based on some examples of various tarp sizes and the amount of rainfall:
Read More @ ModernSurvivalBlog.com
by Erica, Natural News:
These evasive maneuvers are usually performed by someone trying to
escape a bee or mosquito. Not only are the latter irritating, but in
some areas, they pose a real health threat because they carry diseases.
Mosquito repellents usually work to mask your scent. This is because
mosquitoes smell their food — they can smell carbon dioxide from more
than 150 feet away.
We all love summers with its good weather and great sun light. However, one of the biggest nuisance in the summers are mosquitos that swarm our homes in hundreds. Using anti-bug vaporisers or mosquito zappers is not a practical solution considering every room needs one. However, there is a very easy mosquito trap that you can make at home with household items.
Read More @ NaturalNews.com
These evasive maneuvers are usually performed by someone trying to
escape a bee or mosquito. Not only are the latter irritating, but in
some areas, they pose a real health threat because they carry diseases.
Mosquito repellents usually work to mask your scent. This is because
mosquitoes smell their food — they can smell carbon dioxide from more
than 150 feet away.We all love summers with its good weather and great sun light. However, one of the biggest nuisance in the summers are mosquitos that swarm our homes in hundreds. Using anti-bug vaporisers or mosquito zappers is not a practical solution considering every room needs one. However, there is a very easy mosquito trap that you can make at home with household items.
Read More @ NaturalNews.com
by Alasdair Macleod, Gold Money:
If we can reassign meanings given to the biblical Four Horsemen of the
Apocalypse from the original, we can then say financial markets saw two
of them this week.
The first brought us the Greek Crisis which went from very bad to impossible to resolve, and the second was a collapsing stock market in China. Between them these two events triggered another flight into the US dollar, which would have been far worse without central bank intervention. With the dollar rising against the euro, commodity prices, particularly energy and oil, have fallen sharply, with US Crude down over 15% in the last month.
Read More @ GoldMoney.com
If we can reassign meanings given to the biblical Four Horsemen of the
Apocalypse from the original, we can then say financial markets saw two
of them this week.The first brought us the Greek Crisis which went from very bad to impossible to resolve, and the second was a collapsing stock market in China. Between them these two events triggered another flight into the US dollar, which would have been far worse without central bank intervention. With the dollar rising against the euro, commodity prices, particularly energy and oil, have fallen sharply, with US Crude down over 15% in the last month.
Read More @ GoldMoney.com
from The Burning Platform:
from TruthNeverTold:
With the situation rapidly deteriorating in Greece, many experts have
predicted that Greece may be forced from the Euro. If that happens, then
Greece will have to go through the lengthy and complicated process of
creating a new currency, which would most likely carry the namesake of
their pre-Euro currency, known as the “Drachma.” For now the Euro is
still their official currency, but it seems that hasn’t stopped some
financial institutions from jumping the gun.A reporter for Bloomberg stayed at a hotel in Athens from June 28th to July 4th, but when they charged his Visa debit card, the online statement didn’t show his charge in Euros.
Read More @ TheDailySheeple.com
I am so sorry that I feel compelled to unleash the realities of such a
hellish nightmare that is beginning to engulf this country. The United
States is in the early stages of an economic meltdown. I apologize to
the cognitive dissonance crowd, but your days of ignorant bliss are
coming to and end. How can I be so sure?We live in country that only takes in $2 trillion dollars per year, yet we are looking at the most staggering debt in world history:
1. $18 trillion dollar deficit and that is the good news.
Read More
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