by Michael Noonan, Edge Trader Plus:
Step back for a moment and absorb what just transpired in the ongoing
Greek tragedy that refuses to go away. Greece, with no possibility of
ever repaying its fictitious debts to the EU, and the EU, in all of its
greed and avarice, for no wisdom is to be found within that body of
elite-pushing bureaucrats, it determined that the best and ONLY solution
for debt-laden Greece was to LOAN MORE “MONEY.”
Need anything more be said about what is going on in European politics?
In the real world, if you cannot repay your debt[s], your car is repossessed, your house undergoes foreclosure, you cannot get credit, your credit cards get canceled, your debt-burdened ass is hauled into court, often times, your family falls apart, etc, etc, etc. Not so for Greece. She gets offered even more debt from her creditors. Only in politics.
Read More @ EdgeTraderPlus.com
Step back for a moment and absorb what just transpired in the ongoing
Greek tragedy that refuses to go away. Greece, with no possibility of
ever repaying its fictitious debts to the EU, and the EU, in all of its
greed and avarice, for no wisdom is to be found within that body of
elite-pushing bureaucrats, it determined that the best and ONLY solution
for debt-laden Greece was to LOAN MORE “MONEY.”Need anything more be said about what is going on in European politics?
In the real world, if you cannot repay your debt[s], your car is repossessed, your house undergoes foreclosure, you cannot get credit, your credit cards get canceled, your debt-burdened ass is hauled into court, often times, your family falls apart, etc, etc, etc. Not so for Greece. She gets offered even more debt from her creditors. Only in politics.
Read More @ EdgeTraderPlus.com
Gold, Stocks, Oil... Choose One
Submitted by Tyler Durden on 07/18/2015 - 13:45 Would you rather have one “Share” of the S&P 500 at $2,124, or 41 barrels of crude oil, or 1.86 ounces of gold? Yes, they are all worth the same amount at the moment, but the price relationship between the three has shifted over the decades.
Martin Armstrong: "Those In Power Will Risk War And Civil Unrest To Preserve It"
Submitted by Tyler Durden on 07/17/2015 - 23:55 "The IMF acts as a member of the Troika, yet has no elected position whatsoever. The second unelected member is Mario Draghi of the ECB. Then the head of Europe is also unelected by the people...This is authoritarian government if we have ever seen one... The Invisible Hand of Adam Smith works even in this instance – those in power are only interested in their self-interest and will risk war and civil unrest to maintain their failed dreams of power."
Does This Chart Look Bullish To You?
Submitted by Tyler Durden on 07/17/2015 - 22:44 As Nasdaq soars to record-er highs and CNBC just can't hold themselves back when Google adds as much in one day as the market cap of 415 S&P 500 companies, we have one question... should breadth look like this when the index is hitting new highs?
Varoufakis Slams Bailout #3 As "Greatest Macroeconomic Disaster In History" While Tsipras "Doesn't Eat Or Sleep"
Submitted by Tyler Durden on 07/18/2015 - 10:00 In an rare convergence of Greek and German viewpoints, overnight former Greek finance minister Yanis Varoufakis told the BBC that "economic reforms imposed on his country by creditors are "going to fail", ahead of talks on a huge bailout. At the same time, Germany's most noted Eurosceptic, Hans-Werner Sinn, in an interview with the newspaper "Passauer Neue Presse" also earlier today warned that any new aid would be "totally worthless" and "would never come back." Meanwhile, the Greek PM, who is facing an economic abyss "does not eat, does not sleep, but he has no choice -- he has a debt to the people who put their faith in him" his mother Aristi Tsipras, 73, told Parapolitika weekly.
The Fed Is Either Too Late Or Too Early; But Certainly Not Just Right
Submitted by Tyler Durden on 07/18/2015 - 12:15 If market economists have the Fed right, in about 60 days from now Janet Yellen, chairwoman of the Federal Reserve, will announce the first Federal Reserve rate hike in about 9 years. With the first rate hike pending, an obvious question is - Does the Fed have the timing right? If you're looking at year-over-year growth in Retail Sales, Industrial Production, and Capacity Utilization, the answer is a clear no.
UK Market Regulator Head Who Thought "All Bankers Were Evil" Let Go After "Making Too Many Enemies"
Submitted by Tyler Durden on 07/18/2015 - 11:29 One senior UK bank director said: “The problem with Martin was that he made so many enemies, partly for good reason because banks did rightly need firm treatment after the crisis. But he seemed to have a mindset that all bankers were evil.”
Bonds Are Back: "There Is Too Much Complacency"
Submitted by Tyler Durden on 07/18/2015 - 11:10 Investors are too myopically focused on expectations of a steep rise in bond yields and on using central bank stimulus to pile back into riskier assets. There is too much complacency. We believe the upside potential for Treasuries prices for the balance of the year is once again being greatly underestimated. The long end should continue to perform well under various scenarios. If the Fed hikes in September or earlier, the back end should perform well. If the Fed breaks its implicit promise to hike rates in September, its credibility would be damaged: unless of course, it was due to a significant deterioration in the economic or political landscape. Either outcome would likely benefit long Treasury security prices.China's Three Bubbles And What Could Cause Them To Burst
Submitted by Tyler Durden on 07/18/2015 - 10:45
All Hail Our Banking Overlords!
Submitted by Tyler Durden on 07/18/2015 - 09:15 There’s simply too much debt and too little cheap oil for there to be any other trajectory to this story. We need to all prepare for the inevitability that, as the rot proceeds, the people of Greece will not be the only casualties of the banks' attempts at self-preservation. They'll try to throw all of us under the bus before taking any losses themselves.
An "Austrian" Economist's Advice For Greece & The EU
Submitted by Tyler Durden on 07/17/2015 - 22:25 Greece’s and the European Union’s economic and political crisis will not be resolved through a new debt deal between the government in Athens and the European authorities. It will be merely one more stop-gag “solution” to a problem whose nature is endemic to the current ideology and politics of State-Power and collectivism. Its real solution requires something deeper and more comprehensive: a revival of the classical liberal ideal of individualism and the economics of free market capitalism. This, unfortunately, is not likely to occur any time soon.
he Bankruptcy Of The Planet Accelerates - 24 Nations Are Currently Facing A Debt Crisis
Submitted by Tyler Durden on 07/17/2015 - 22:30 There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment. The only “solution” under our current system is to kick the can down the road for as long as we can until this colossal debt pyramid finally collapses in upon itself.
Is This The Most Remote Object In The Solar System?
Submitted by Tyler Durden on 07/18/2015 - 13:00 Maybe not...
from SilverDoctors:
With Metals Smashed This Week and Gold Closing the Week at Bear Market Lows, The Doc & Eric Dubin Cover All the Action, Discussing:
1. Eric Breaks Down the Numbers and Explains Why Friday’s Chinese Announcement Updating Gold Reserves to 1,658 Metric Tonnes, a TOTAL JOKE!
2. Silver Smashed to $14 Handle and Gold Closes Week at Bear Market Lows- Are the Metals Headed Over the Cliff for Final Capitulation Crash on Sunday’s Globex Open?
3. Is Greece Over, Or Are We in the Eye of the Hurricane?
4. Physical Silver Mainstays Go NO OFFER At Authorized Distributors and Wholesalers!
With Metals Smashed This Week and Gold Closing the Week at Bear Market Lows, The Doc & Eric Dubin Cover All the Action, Discussing:
1. Eric Breaks Down the Numbers and Explains Why Friday’s Chinese Announcement Updating Gold Reserves to 1,658 Metric Tonnes, a TOTAL JOKE!
2. Silver Smashed to $14 Handle and Gold Closes Week at Bear Market Lows- Are the Metals Headed Over the Cliff for Final Capitulation Crash on Sunday’s Globex Open?
3. Is Greece Over, Or Are We in the Eye of the Hurricane?
4. Physical Silver Mainstays Go NO OFFER At Authorized Distributors and Wholesalers!
from KingWorldNews:
Stephen Leeb: “I would be very surprised if the Chinese don’t have
more gold and possibly significantly more gold than the U.S. claims it
possesses (8,100+ tonnes). I certainly would not be at all surprised if
the Chinese have 15,000 tonnes of gold….
“But they’re saying, ‘We don’t have any gold. What are you guys worried about?’ In that sense it was a brilliant move by China. Think of the leverage China has if the 15,000 tonnes figure is correct and gold goes to up to $10,000. What kind of wealth effect is that creating for China? It’s unbelievable. The bottom line is the West shouldn’t play chess against the Chinese, especially if monetary hegemony is at stake.
Stephen Leeb Audio Interview @ KingWorldNews.com
Stephen Leeb: “I would be very surprised if the Chinese don’t have
more gold and possibly significantly more gold than the U.S. claims it
possesses (8,100+ tonnes). I certainly would not be at all surprised if
the Chinese have 15,000 tonnes of gold….“But they’re saying, ‘We don’t have any gold. What are you guys worried about?’ In that sense it was a brilliant move by China. Think of the leverage China has if the 15,000 tonnes figure is correct and gold goes to up to $10,000. What kind of wealth effect is that creating for China? It’s unbelievable. The bottom line is the West shouldn’t play chess against the Chinese, especially if monetary hegemony is at stake.
Stephen Leeb Audio Interview @ KingWorldNews.com
In my 2011 book, Currency Wars, I gave a detailed description of the
first-ever financial war game sponsored by the Department of Defense.
This financial war game took place in 2009 at the top-secret Applied
Physics Laboratory located about twenty miles north of Washington, D.C.
in the Maryland countryside. Unlike typical war games, the “rules of
engagement” for this financial exercise did not permit the use of any
kinetic weapons such as bombs, missiles or drones. The only weapons
allowed were financial instrument including stocks, bonds, currencies,
commodities and derivatives.Read More @ DailyReckoning.com
from TheMoneyGPS:
from The Sleuth Journal:
“Don’t ask us about our meeting with corporate lobbyists!” That was the message given to the 11Alive Investigators at a resort hotel in Savannah, Georgia where they tracked down state legislators having secret meetings behind closed doors.
The meetings were part of the Spring Task Force Summit of the American Legislative Exchange Council, also known as ALEC.
According to their website ALEC:
“…is America’s largest nonpartisan, voluntary membership organization of state legislators. Comprised of nearly one-quarter of the country’s state legislators, business and thought leaders, think tank scholars and individuals, ALEC provides a unique forum for diverse groups to exchange ideas and develop real, state-based solutions that encourage growth, preserve economic security and protect hardworking taxpayers.”
Read More @ Thesleuthjournal.com
“Don’t ask us about our meeting with corporate lobbyists!” That was the message given to the 11Alive Investigators at a resort hotel in Savannah, Georgia where they tracked down state legislators having secret meetings behind closed doors.
The meetings were part of the Spring Task Force Summit of the American Legislative Exchange Council, also known as ALEC.
According to their website ALEC:
“…is America’s largest nonpartisan, voluntary membership organization of state legislators. Comprised of nearly one-quarter of the country’s state legislators, business and thought leaders, think tank scholars and individuals, ALEC provides a unique forum for diverse groups to exchange ideas and develop real, state-based solutions that encourage growth, preserve economic security and protect hardworking taxpayers.”
Read More @ Thesleuthjournal.com
from JediWitness2:
by Jeff Nielson, Bullion Bulls:
A recent commentary
introduced readers to a new term: “creditism”. This term was carefully
defined and explained to readers as a contrast to capitalism, an
ideology with which most readers consider themselves to be familiar.
As the word explicitly implies; “capitalism” is a system based upon capital; i.e. it is a cash-based economic system. On the other hand; creditism (as it was previously defined) is an opposite economic system – one that is based upon debt (or “credit”), rather than cash/capital. It was also explained to readers why, as a matter of simple arithmetic, creditism was/is a grossly inferior economic system versus capitalism (i.e. real capitalism).
With creditism; the wealthy don’t invest their capital into the economy, they lend it into the economy. The inferiority is obvious: with every dollar fueling the economy encumbered with parasitic debt; individuals, corporations, and the economy itself get further and further dragged-down with cumulative (and compounding) interest payments — wasted capital.
Read More @ BullionBullsCanada.com:
A recent commentary
introduced readers to a new term: “creditism”. This term was carefully
defined and explained to readers as a contrast to capitalism, an
ideology with which most readers consider themselves to be familiar.As the word explicitly implies; “capitalism” is a system based upon capital; i.e. it is a cash-based economic system. On the other hand; creditism (as it was previously defined) is an opposite economic system – one that is based upon debt (or “credit”), rather than cash/capital. It was also explained to readers why, as a matter of simple arithmetic, creditism was/is a grossly inferior economic system versus capitalism (i.e. real capitalism).
With creditism; the wealthy don’t invest their capital into the economy, they lend it into the economy. The inferiority is obvious: with every dollar fueling the economy encumbered with parasitic debt; individuals, corporations, and the economy itself get further and further dragged-down with cumulative (and compounding) interest payments — wasted capital.
Read More @ BullionBullsCanada.com:
from CrushTheStreet:
from WeAreChange:
from KingWorldNews:
For this situation to stabilize, there must be a massive writedown of
debt … Meanwhile, the mainstream media characterizes the rioters in
Greece as ‘anarchists,’ but the reality is that many of the Greek people
are starving to death. These people aren’t anarchists — they are part
of the 62 percent of Greeks who want to take control of their own fate.
The only way the Greeks can do that is to default on their debt and go back to printing their own currency, just as they have for thousands of years. That’s the only way to solve this problem once and for all. Until they do that, we are going to see a carousel of bailouts, continued depression in Greece, and Molotov cocktails, fires and riots in Athens Square.
Gerald Celente continues @ KingWorldNews.com
For this situation to stabilize, there must be a massive writedown of
debt … Meanwhile, the mainstream media characterizes the rioters in
Greece as ‘anarchists,’ but the reality is that many of the Greek people
are starving to death. These people aren’t anarchists — they are part
of the 62 percent of Greeks who want to take control of their own fate.The only way the Greeks can do that is to default on their debt and go back to printing their own currency, just as they have for thousands of years. That’s the only way to solve this problem once and for all. Until they do that, we are going to see a carousel of bailouts, continued depression in Greece, and Molotov cocktails, fires and riots in Athens Square.
Gerald Celente continues @ KingWorldNews.com
from ZeroHedge:
When the latest Treasury International Capital data was released
yesterday, many were quick to conclude that not only had China’s selling
of US Treasury ceased, but that with the addition of $7 billion in US
government paper, China’s latest total holdings of $1270.3 billion were
the highest since May of 2014. And if one was merely looking at the
“China” line item in the major foreign holders table, that would be correct.
However, as we have shown before, when looking at China’s Treasury holdings, one also has to add the “Belgian” Treasuries, which is where China had been anonymously engaging in a record buying spree via the local Euroclear, starting in late 2013, which however concluded with a bang in early 2015.
Read More @ ZeroHedge.com
When the latest Treasury International Capital data was released
yesterday, many were quick to conclude that not only had China’s selling
of US Treasury ceased, but that with the addition of $7 billion in US
government paper, China’s latest total holdings of $1270.3 billion were
the highest since May of 2014. And if one was merely looking at the
“China” line item in the major foreign holders table, that would be correct.However, as we have shown before, when looking at China’s Treasury holdings, one also has to add the “Belgian” Treasuries, which is where China had been anonymously engaging in a record buying spree via the local Euroclear, starting in late 2013, which however concluded with a bang in early 2015.
Read More @ ZeroHedge.com
by Christina Sarich, Natural Society:
Thousands of our fans, including those with March Against Monsanto,
have found this post to be blocked on Facebook. Why is this being
blocked? When I tried to post this article to both the Natural Society
page and my Anthony Gucciardi Facebook page I was met with a warning
that this post was blocked due to ‘security measures.’ Needless to say,
this raised many questions. What do you think?
Want some more proof that Monsanto and other biotech giants are deathly afraid of GMO labeling initiatives passing within the United States? A new bill introduced by Monsanto’s star representative, Mike Pompeo, could soon ban all mandatory GMO labeling in the US.
The worst part? It was just approved by the House Agriculture Committee, which means it’s one step closer to becoming a full-fledged law. The bill is formally known as H.R. 1599, or the ‘Safe and Accurate Food Labeling Act of 2015.’
Read More @ NaturalSociety.com
Thousands of our fans, including those with March Against Monsanto,
have found this post to be blocked on Facebook. Why is this being
blocked? When I tried to post this article to both the Natural Society
page and my Anthony Gucciardi Facebook page I was met with a warning
that this post was blocked due to ‘security measures.’ Needless to say,
this raised many questions. What do you think?Want some more proof that Monsanto and other biotech giants are deathly afraid of GMO labeling initiatives passing within the United States? A new bill introduced by Monsanto’s star representative, Mike Pompeo, could soon ban all mandatory GMO labeling in the US.
The worst part? It was just approved by the House Agriculture Committee, which means it’s one step closer to becoming a full-fledged law. The bill is formally known as H.R. 1599, or the ‘Safe and Accurate Food Labeling Act of 2015.’
Read More @ NaturalSociety.com
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