Submitted by Tyler Durden on 07/06/2015 - 17:29
"Wake up people of the world and investors. Greece will come to your neighborhood very soon, maybe not this year, but next year or whenever it is, because the world is over infected," Marc Faber warns, in an interview on Bloomberg TV. Faber also discusses the collapse in Chinese equities and the prospects for a Fed "liftoff."
I’m focused on the fact that there is a consistent pattern in the
markets with regards to bad news, and I would consider the Greek
referendum outcome to definitely be bad news for the markets and a shock
to the world. Even the elites, who are busy implementing their New
World Order, expected a yes outcome. Markets initially acted as they
should, with gold rising and stocks falling. Last night gold shot up,
but then the usual suspects employed their algorithms and high-frequency
techniques and then slammed it back down again.Stock Market Crash, Desperate Western Central Banks & Financial Collapse
Then the stock markets, after being sharply lower, rallied back as the powers that be know that an extended decline could lead to a crash. Ironically, if this continues long enough the cost will be a collapse of the present fiat currency system and a horrific hyperinflation. But in the eyes of the elite, that’s a problem for another day.
John Embry Continues @ King World News
One of the consequences of an American civil war would be a worldwide
food shortage for many years. The disruption of the agricultural sector
of the American economy during a nationwide war would virtually
eliminate the tons of food exported to other nations from the U.S. A
large percentage of these exports are grain that keeps many third world
nations stable and peaceful.Any national chaos would disable the system of seed production that allows farmers to plant the millions of acres in the U.S. It would also disable the production and distribution of fuels and fertilizers that farmers depend on to plant, grow and harvest.
Read More @ Alt-Market.com
from Fabian4Liberty:
Welcome To Blackswansville
Submitted by Tyler Durden on 07/06/2015 - 14:47 While the folks clogging the US tattoo parlors may not have noticed, things are beginning to look a little World War one-ish out there. Except the current blossoming world conflict is being fought not with massed troops and tanks but with interest rates and repayment schedules. Germany now dawdles in reply to the gauntlet slammed down Sunday in the Greek referendum (hell) “no” vote. Germany’s immediate strategy, it appears, is to apply some good old fashioned Teutonic todesfurcht — let the Greeks simmer in their own juices for a few days while depositors suck the dwindling cash reserves from the banks and the grocery store shelves empty out. Then what? Nobody knows. And anything can happen.Get ready to get screwed from both ends...
Are You Ready For The e-PATRIOT Act?
Submitted by Tyler Durden on 07/06/2015 - 22:00 Earlier this month, news emerged that the US government had suffered its worst cyberattack ever. There’s a good chance the attack is even worse than what we've read about. So what does the Obama administration want to do to solve the problem? For starters, it’s proposed “economic sanctions” against China, which it holds responsible for the attack. And only a few days after the OPM hack, Senate leaders tacked on the Cybersecurity Information Sharing Act (CISA) - which creates a back-door channel for government agencies to retrieve, analyze, and store enormous volumes of personal data - to a defense bill to avoid debate on the measure. It didn’t work – the Senate failed to advance the legislation for now... but it is a good time to begin securing your electronic life. The US government certainly isn’t going to do it for you."Greece Is Contained" Except In Crude, Copper, FX, US & EU Stocks, & Peripheral Bonds
Submitted by Tyler Durden on 07/06/2015 - 16:04
It Begins: ECB Hikes Greek ELA Haircuts; Full "Depositor Bail-In" Sensitivity Analysis
Submitted by Tyler Durden on 07/06/2015 - 13:54 Earlier today we reported that as Bloomberg correctly leaked, the ECB would keep its ELA frozen for Greek banks at its ceiling level disclosed two weeks ago. However we did not know what the ECB would do with Greek ELA haircuts, assuming that the ECB would not dare risk contagion and the collapse of the Greek banking system by triggering a collapse in Greek banks if and when it boosts ELA haircuts. Turns out we were wrong, and as the ECB just announced "the Governing Council decided today to adjust the haircuts on collateral accepted by the Bank of Greece for ELA."
This Is How Much It Cost To Keep The Shanghai Composite Green For A Day
Submitted by Tyler Durden on 07/06/2015 - 19:30 China's PBoC-assisted plunge protection program got off to a rather inauspicious start on Monday after an early bid to ramp the SHCOMP fizzled fast.The Shit IS Hitting the Proverbial Rotating Oscillator...For many People...If you were living in Greece would you rather have money in the bank and live in the City...Or a house and small lot in the country with a garden Hen House and a few Goats? Think the same wont happen in your country...especially In the U.S. your delusional...
Greeks don’t want austerity, but the future is bleak and unknown.As of Friday, grocery shelves were being stripped bare of staple cooking goods, and pharmacies ran out of crucial medicines like thyroxine (thyroid treatment). More than half of those items are imported, but with banking plugs, companies are unable to pay suppliers. Things are frozen; stopped, and tens of thousands of tourists had allegedly cancelled bookings this past weekend. The cities are feeling the effects of economic turmoil, more than their rural counterparts. This could be in part because of self-sufficient tactics like gathering animals and starting gardens as soon as the economic tides started churning…
The Associated Press reports that Greek villagers have a secret weapon against austerity and crash – their gardens. Something that is discouraged and often simultaneously banned across U.S. cities. Will it save them – or is it a reassuring buffer? Read More @ ActivistPost.com
Greece Fallout: Italy & Spain Have Funded A Massive Backdoor Bailout Of French Banks
Submitted by Tyler Durden on 07/06/2015 - 19:00 France has managed to use the Greek bailout to offload €8 billion in junk debt onto its neighbors and burden them with tens of billions more in debt they could have avoided had Greece simply been allowed to default in 2010. The upshot is that Italy and Spain are much closer to financial crisis today than they should be.But don't worry about it too much...Your government has a plan to kill you...Healthcare you can't afford...
Obamacare Sticker Shock Arrives: Insurance Premiums To Soar 20-40%
Submitted by Tyler Durden on 07/06/2015 - 18:30 Health insurance companies around the country are seeking rate increases of 20 percent to 40 percent or more, saying their new customers under the Affordable Care Act turned out to be sicker than expected.Is It Slowing China Or Grexit That Is Driving Financial Market Price Changes?
Submitted by Tyler Durden on 07/06/2015 - 18:00 Perhaps the more important catalyst for asset price changes of late is Chinese economic slowing rather than fears of Grexit?
If you think this asshole... cares about anything but himself ...again your Delusional...
Meanwhile, Back In Obama Legacy-Land
Submitted by Tyler Durden on 07/06/2015 - 17:01 Problems... "solved"Why Greece Matters A Lot: The Case Of Europe's Falling Dominoes
Submitted by Tyler Durden on 07/06/2015 - 16:37
This Is What Greece's "Triumphant Return" Looks Like Now
Submitted by Tyler Durden on 07/06/2015 - 15:47 April 10th 2014 will live on as a day of infamy as hopes of Greece's 'recovery' were proven 'correct' as it issued a 5Y bond in the public markets in what some commentators called a "triumphant return." As recently as last Friday that bond still traded at aroun 70c on the dollar (a 300% collapse from the issue price) but for all those who stuck to their guns and denied-denied-denied reality, today's collapse shows that a 'No' vote was anything but priced in...
There is Only One Way Out For Greece
Submitted by Tyler Durden on 07/06/2015 - 20:00 Brussels has been dead wrong. The stupid idea that the euro will bring stability and peace, as it was sold from the outset, has migrated to European domination as if this were “Game of Thrones”. Those in power have misread history, almost at every possible level.Anybody with half a brain would be doing the same...as you can tell... our Dear leader Must have Less then Half...
Russia Is Taking Full Advantage Of Greek Crisis
Submitted by Tyler Durden on 07/06/2015 - 21:00 With Greece’s debt situation spiraling downwards, the European project is showing some cracks. The July 5 referendum could end up amounting to a mandate on whether or not Greece stays in the euro. In the meantime, the turmoil offers an opportunity for Russia to advance its interests... and with The Krlemlin reporting that Putin held discussions with Hollande today, it appears something is going on behind the scenes.
Chinese Stocks Open Down Hard, "VIX" Hits Record High, "Nasdaq" Down 40% From Highs
Submitted by Tyler Durden on 07/06/2015 - 21:41 Despite all the hopes and prayers of illiterate farmers everywhere, Chinese stocks refuse to hold a bid and down 3-4% at the open amid suspension of around 160 individual securities. In the pre-open to open, Shanghai Composite is down 3.2%, Shenzhen is off 3.5%, and China's Nasdaq - ChiNext is down 3.8%. This leaves ChiNext down over 40% from its highs as the cost of insuring downside in Chinese stocks explodes to record highs. As China goes through the 1929 playbook to save its 'market', it appears "momentum" has shifted.
In China, Hairdresser Bull Call Goes Horribly Wrong, Broker IPO Crashes 31%
Submitted by Tyler Durden on 07/06/2015 - 20:30 “I don’t really follow news on stocks that closely. My hairdresser said it was still a bull market and I needed to get in”...
by Barbara Minton, Natural Society:
If you wouldn’t dream of buying a food product before reading the
label, you are not alone. More people than ever want to know what’s in
the food they are buying, ruling out products containing known food
additives. After reading several labels and being appalled at the amount
of additives most foods contain, people want to know why this is being
allowed. The Center for Public Integrity (CPI) has an answer, but it may not pass the test of common sense.
According to this investigative news organization, food companies have been able to pump thousands of non-food ingredients into their products because of a decades-old loophole which allows companies to police themselves. Essentially, if a company decides a food additive it wants to use is safe, then it’s safe; case closed. All the company has to do is declare that the additive is generally recognized as safe (GRAS). This is a lot like the sleight of hand Monsanto uses when it says that GMOs are safe. In other words, they are safe because Monsanto says they are safe.
Read More @ NaturalSociety.com
If you wouldn’t dream of buying a food product before reading the
label, you are not alone. More people than ever want to know what’s in
the food they are buying, ruling out products containing known food
additives. After reading several labels and being appalled at the amount
of additives most foods contain, people want to know why this is being
allowed. The Center for Public Integrity (CPI) has an answer, but it may not pass the test of common sense.According to this investigative news organization, food companies have been able to pump thousands of non-food ingredients into their products because of a decades-old loophole which allows companies to police themselves. Essentially, if a company decides a food additive it wants to use is safe, then it’s safe; case closed. All the company has to do is declare that the additive is generally recognized as safe (GRAS). This is a lot like the sleight of hand Monsanto uses when it says that GMOs are safe. In other words, they are safe because Monsanto says they are safe.
Read More @ NaturalSociety.com
from The Money GPS:
from Sovereign Man:
While all eyes were on Greece this weekend, one of the largest banks in
Lithuania quietly posted an awkward announcement to its customers.
Interest rates are now negative.
So negative, in fact, that the bank actually has to pay interest to some of its borrowers.
And the bank was totally unprepared for this.
Apparently some meaningful percentage of the bank’s loans are on variable interest.
Read More @ SovereignMan.com
While all eyes were on Greece this weekend, one of the largest banks in
Lithuania quietly posted an awkward announcement to its customers.Interest rates are now negative.
So negative, in fact, that the bank actually has to pay interest to some of its borrowers.
And the bank was totally unprepared for this.
Apparently some meaningful percentage of the bank’s loans are on variable interest.
Read More @ SovereignMan.com
by Tim Brown, Freedom Outpost:
In a scandal bigger than Benghazi, in which 30 Americans lost their lives, including 17 Navy SEALs from SEAL Team Six, the shoot-down of Extortion 17 continues to be masked by cover up. One of the most bizarre indications that a cover up is going on concerning Extortion 17 is the helicopter’s missing black box recorder.
As I have sought, along with others, to revive this story following the release of Don Brown’s book Call Sign Extortion 17: The Shoot-Down of Seal Team Six so that the families of those killed and the American people might get answers to the truth of what happened to that mission, it seems I find more and more people who have never even heard of Extortion 17. Yet, they are more than aware of the media stories about the alleged killing of Osama bin Laden, whose death is attributed to the SEALs of SEAL Team Six.
Read More @ FreedomOutpost.com
by David Stockman, Contra Corner:
Among all the mindless blather served up by the talking heads of
bubblevision is the recurrent claim that “its all priced-in”. That is,
there is no danger of a serious market correction because anything which
might imply trouble ahead—-such as weak domestic growth, stalling world
trade or Grexit——is already embodied in stock market prices.
Yep, those soaring averages are already fully risk-adjusted!
So the “oxi” that came screaming unexpectedly out of Greece Sunday evening will undoubtedly be explained away before the NYSE closes on Monday. Nothing to see here, it will be argued. Today’s plunge is just another opportunity for those who get it to “buy-the-dip”.
Read More @ DavidStockmansContraCorner.com
Among all the mindless blather served up by the talking heads of
bubblevision is the recurrent claim that “its all priced-in”. That is,
there is no danger of a serious market correction because anything which
might imply trouble ahead—-such as weak domestic growth, stalling world
trade or Grexit——is already embodied in stock market prices.Yep, those soaring averages are already fully risk-adjusted!
So the “oxi” that came screaming unexpectedly out of Greece Sunday evening will undoubtedly be explained away before the NYSE closes on Monday. Nothing to see here, it will be argued. Today’s plunge is just another opportunity for those who get it to “buy-the-dip”.
Read More @ DavidStockmansContraCorner.com
by Koos Jansen, GoldSeek:
There has been much speculation about a slide
from chairman and secretary-general of the China Gold Association Zhang
Bingnan presented at the LBMA forum in Shanghai June 25, 2015. The
slide states Chinese gold reserves are 9,816.03 tonnes, however, this
refers to in ground mining reserves.
I have never received so many emails and tweets as for inquiries about this slide, hence a post to debunk the rumor. Let’s have a look at the slide; clearly we can see Zhang talks about the Chinese mining industry, at the top it says, “<1> Chinese gold mining guarantee the steady supply of world gold”.
Read More @ GoldSeek.com
There has been much speculation about a slide
from chairman and secretary-general of the China Gold Association Zhang
Bingnan presented at the LBMA forum in Shanghai June 25, 2015. The
slide states Chinese gold reserves are 9,816.03 tonnes, however, this
refers to in ground mining reserves.I have never received so many emails and tweets as for inquiries about this slide, hence a post to debunk the rumor. Let’s have a look at the slide; clearly we can see Zhang talks about the Chinese mining industry, at the top it says, “<1> Chinese gold mining guarantee the steady supply of world gold”.
Read More @ GoldSeek.com
from Secular Investor:
We cannot remember having seen so many markets at critical points
simultaneously. It is truly astonishing. Scary movie or turning points?
We do not know for sure, but let’s review the strategic assets in order
to get an understanding of the likely scenarios going forward.
First and foremost, the TED spread is about to cross a critical resistance level. We look at the TED spread as a fear indicator, a signal that a correction is coming. The steady rise of the TED spread since last summer is not a healthy signal. The trillion dollar question is how far it will go, and which markets it will hit.
Read More @ SecularInvestor.com
We cannot remember having seen so many markets at critical points
simultaneously. It is truly astonishing. Scary movie or turning points?
We do not know for sure, but let’s review the strategic assets in order
to get an understanding of the likely scenarios going forward.First and foremost, the TED spread is about to cross a critical resistance level. We look at the TED spread as a fear indicator, a signal that a correction is coming. The steady rise of the TED spread since last summer is not a healthy signal. The trillion dollar question is how far it will go, and which markets it will hit.
Read More @ SecularInvestor.com
by Peter Schiff, Zeal, LLC:
The past four years or so have been extremely frustrating for investors
like me who have structured their portfolios around the belief that the
current experiments in central bank stimulus, the anti-business drift
in Washington, and America’s mediocre economy and unresolved debt
issues would push down the value of the dollar, push up commodity
prices, and favor assets in economies with relatively low debt levels
and higher GDP growth. But since the beginning of 2011, the Dow Jones
Industrial Average has rallied 67% while the rest of the world has been
largely stuck in the mud. This dominance is reminiscent of the four
years from the end of 1996 to the end of 2000, when the Dow rallied 54%
while overseas markets languished. Although past performance is no
guarantee of future results, a casual look back at how the U.S.
out-performance trend played out the last time it had occurred should
give investors much to think about.
Read More @ Zealllc.com
The past four years or so have been extremely frustrating for investors
like me who have structured their portfolios around the belief that the
current experiments in central bank stimulus, the anti-business drift
in Washington, and America’s mediocre economy and unresolved debt
issues would push down the value of the dollar, push up commodity
prices, and favor assets in economies with relatively low debt levels
and higher GDP growth. But since the beginning of 2011, the Dow Jones
Industrial Average has rallied 67% while the rest of the world has been
largely stuck in the mud. This dominance is reminiscent of the four
years from the end of 1996 to the end of 2000, when the Dow rallied 54%
while overseas markets languished. Although past performance is no
guarantee of future results, a casual look back at how the U.S.
out-performance trend played out the last time it had occurred should
give investors much to think about.Read More @ Zealllc.com
Before I post a couple of excellent responses, I wanted to put Gary
Hart’s comments in context. First, he is and always will be a
politician. Therefore his personal views will have an element of
“lipstick beautification” applied. By default at his core he – like all
politicians – tries to be a people-pleaser. But having said that, I
applaud Hart’s courage for offering an honest and brutal assessment of
the current political and economic system. He is the first politician –
including Ron Paul – who has been willing to publicly condemn our
Government as being outright “corrupt.” Name one other politician who
has used that specific word. My hat’s off to any politician who is
willing to do that.Read More @ Investmentresearchdynamics.com
from MyBudget360.com:
It is hard to believe that one out of every three Americans is financially supporting the other two-thirds. The unemployment rate appears much lower than it is because of the odd math behind the labor force. The latest unemployment rate of 5.3 percent sounds great until you realize that last month 640,000 Americans were plopped into the not in the labor force category. 223,000 jobs were added but 640,000 Americans dropped out of the labor force. Take the back of the napkin calculation that 10,000 Americans a day are hitting retirement age (that is roughly 300,000 per month). Assuming all of these older Americans had the means to retire (not likely according to older Americans working) this means 340,000 Americans of working age fell out of the workforce for other reasons than age. Something is going on behind the headline figures and it seems like more people are waking up to the funny math when it comes to employment.
Read More @ MyBudget360.com
As state and local governments increasingly stretch themselves to the
financial breaking point with free services and taxpayer-supported
benefits, in addition to offering their normal services as well, they
have become even more reliant on citizen participation in the
mainstream.In short, governments need all the tax money and revenues they can get, and they get them when citizens remain part of “the system.”
That’s why it is becoming more and more risky for Americans who choose to live their lives “off the grid,” so to speak; anyone who does reduces cash flow to state and local governments that rely on every dollar they can get in order to stay afloat.
Read More @ NaturalNews.com
“Life without Liberty is Like a body without spirit”
from The Burning Platform:
Independence Day has long been my favorite holiday. My earliest
memories center around the picnic-like atmosphere of these annual
celebrations, from the deviled eggs and grilled meat to the fireworks
displays in the warm Summer darkness. Each year was a nationwide
birthday party for the Republic and a means of reminding us of the
events that led to our happy lives wherever we lived. I have no doubt
that there were those who resented or cared nothing for it, but to me it
was the ultimate form of both unity and individualism, even when I
barely understood the concepts.
My children have always asked about my childhood as they track the progress of their own and I would regale them with the assorted stories that revolved around this particular day; when Yanna Nikitas threw a cherry Slurpee on my prized yellow Chicago T-shirt and I responded by punching her in her 10 year old face only to be dragged away from the party by my father where I was made to sit in our Buick Skylark until the fireworks were over, soaked in perspiration and miserable.
Read More @ TheBurningPlatform.com
from The Burning Platform:
Independence Day has long been my favorite holiday. My earliest
memories center around the picnic-like atmosphere of these annual
celebrations, from the deviled eggs and grilled meat to the fireworks
displays in the warm Summer darkness. Each year was a nationwide
birthday party for the Republic and a means of reminding us of the
events that led to our happy lives wherever we lived. I have no doubt
that there were those who resented or cared nothing for it, but to me it
was the ultimate form of both unity and individualism, even when I
barely understood the concepts.My children have always asked about my childhood as they track the progress of their own and I would regale them with the assorted stories that revolved around this particular day; when Yanna Nikitas threw a cherry Slurpee on my prized yellow Chicago T-shirt and I responded by punching her in her 10 year old face only to be dragged away from the party by my father where I was made to sit in our Buick Skylark until the fireworks were over, soaked in perspiration and miserable.
Read More @ TheBurningPlatform.com
by Dave Hodges, The Common Sense Show:
Awakened Americans have been so focused on the threats to our safety
and security by Jade Helm, that we have lost sight of the fact that
Russia has spent years encircling the United States will attack from
three directions. Part One
of this series detailed how President Obama has left Alaska defenseless
and there are tens of thousands of Russian troops inside the United
States which will serves as a 5th column force when the invasion begins.
Further. has allowed the open importation of an unknown, but large
force, of Russian soldiers into the United States since 2010. Amazingly,
this done at a time when Russia has repeatedly threatened to nuke the
United States of Syria and Ukraine. How do all theses events coalesce
and work together to spell doom for the United States?
Read More
Awakened Americans have been so focused on the threats to our safety
and security by Jade Helm, that we have lost sight of the fact that
Russia has spent years encircling the United States will attack from
three directions. Part One
of this series detailed how President Obama has left Alaska defenseless
and there are tens of thousands of Russian troops inside the United
States which will serves as a 5th column force when the invasion begins.
Further. has allowed the open importation of an unknown, but large
force, of Russian soldiers into the United States since 2010. Amazingly,
this done at a time when Russia has repeatedly threatened to nuke the
United States of Syria and Ukraine. How do all theses events coalesce
and work together to spell doom for the United States?Read More
/
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