Submitted by Tyler Durden on 07/05/2015 - 13:15
It seems the early forecasts showing the No vote in the lead were right: according to the Ministry of the Interior, with over 21% of the vote counted, the "No's" have a resounding lead with well over 60% of the vote.
Greek PM Calls Emergency Meeting For Bank Liquidity: MNI
Submitted by Tyler Durden on 07/05/2015 - 14:18 Congratulations Greece: for the first time you had the chance to tell the Troika, the unelected eurocrats, and the entire status quo establishment, not to mention all the banks, how you really felt and based on the most recent results, some 61% of you told it to go fuck itself. Now comes the hard part.A "No" Victory Appears Probable: What Happens Next According To Deutsche Bank
Submitted by Tyler Durden on 07/05/2015 - 13:04- N1 – Soft deal: The most unlikely scenario is that the euro-area partners offer a much softer programme to Greece.
- N2 – Default-and-stay: Moderately less unlikely is a scenario where Greece defaults but stays in the euro thanks to a direct recapitalisation of Greek banks by the euro-area partners, with the Greek government using only domestic resources for the country’s fiscal needs.
- N3 – New deal: The third scenario is one in which the rising economic and political cost of a closed banking system results in the Syriza government being replaced by a new government of national unity and a new deal with creditors being reached.
- N4 – Grexit: In our view, Grexit and Scenario N3 are the most likely – with about equal probabilities.
Eurogroup In Shock: Finance Ministers "Would Not Know What To Discuss" After Greferendum Stunner
Submitted by Tyler Durden on 07/05/2015 - 13:59 Just out from Reuters:- FINANCE MINISTERS "WOULD NOT KNOW WHAT TO DISCUSS" AFTER EMERGING GREEK 'NO' VOTE-EURO ZONE OFFICIAL
The Central Bankers Dilemma: The Pendulum’s Back Swing
Submitted by Tyler Durden on 07/05/2015 - 13:14 With the Federal Reserve’s unwillingness to allow the markets to stand on their own feet, and not be so dependent on their interventionism with QE for years, and Zero interest rates for the same – the tool box may in fact be empty – at the most inopportune time. So here we are, once again, waiting or watching for what could possibly be the start of another contagion effect to ripple through the markets that has the potential of resembling 2008, or worse. And the only thing to stand in its way will be the faith and/or belief in their omnipotence. For it seems – that’s all they have left. All while we watch the same crumble in the eyes of others across the waters as their Central Banks are being perceived daily more as villains or worse – inept
Greek Referendum Polls Close: "No" Seen Ahead By Most
Submitted by Tyler Durden on 07/05/2015 - 12:05 A poll by GPO on Mega TV gave 51.5% in favor of “no” and 48.5% in for “yes”Metron Analysis on Antenna TV showed “no” leading with 49% vs 46% for “yes”
MRB on Star TV showed “no” leading with 49%-54% vs 46%-51% for “yes”
Marc opinion poll for Alpha TV shows “no” ahead with 49.5%-54.5% vs 45.5%-50.5%
Panic: China Central Bank Steps In To Bailout Stocks As Underwater Traders Pray For A Rebound
Submitted by Tyler Durden on 07/05/2015 - 10:19 On Sunday, the China Securities Regulatory Commission announced that the PBoC is set to inject capital into China Securities Finance Corp which will use the funds to help brokerages expand their businesses and reinvigorate stocks. In other words, the PBoC is now in the business of financing leveraged stock buying.
Bitcoin Surges After Initial Forecasts Show "No" Vote Ahead
Submitted by Tyler Durden on 07/05/2015 - 12:33 If the early bitcoin markets are an indication of what will happen once New Zealand opens for illiquid FX trade, it will be a risk off kinda day...
Trillion-Dollar Asset Managers Warn On Greece Fallout: "No Blueprint" Means "All Kinds Of Uncertainty"
Submitted by Tyler Durden on 07/05/2015 - 12:00 “If all of a sudden one member leaves, it creates a precedent, and maybe suddenly casts some doubt on the long-term future of the monetary union.”“There is no blueprint for how a country exits the euro and redenominates [and] that’s going to create all kinds of uncertainty in Europe.”
Europarliament President Threatens Greeks With Armageddon If They Vote No
Submitted by Tyler Durden on 07/05/2015 - 11:14 “Without new money, salaries won’t be paid, the health system will stop functioning, the power network and public transport will break down and they won’t be able to import vital goods because nobody can pay” President of European Parliament Martin Schulz warned Greek voters one day before the crucial Referendum on Sunday.Did They "Fix" The US Economy?
Submitted by Tyler Durden on 07/05/2015 - 10:15 The story of the "U.S Economic Recovery", who oversaw it, and how they f##ked "fixed" everything...
Independence Day, Twice Removed
Submitted by Tyler Durden on 07/05/2015 - 09:25 That like it or not, this is where the democracy was born that allowed for America to become a nation of free people. The same democracy celebrated from sea to shining sea every Fourth of July. And also the same democracy that is under threat, in Greece, in Europe as a whole, and very much in the US too.Greeks Vote In "Holy Moment" - Live Updates
Submitted by Tyler Durden on 07/05/2015 - 08:06
The
United States is facing its own Greece moment as Puerto Rico faces
similar debt questions. One key difference is that it seems unlikely
that Puerto Rico will leave the United States, potentially leaving
American citizens on the hook to foot the bill for the US territory of
Puerto Rico.On June 28, Puerto Rico’s governor Alejandro García Padilla called the island’s debts “not payable” and that in order to avoid a “death spiral” the country would need to refuse payment. Lenders lent the poor government money very cheaply, and the government did not use the money to invest. Puerto Rico and US will likely not sever political and economic union, like many say Greece could. Thus, Puerto Rico becomes a US liability. (What’s likely, to be sure, is that Greece will not leave the European Union)
Puerto Rico is a self-governing US territory, which has enjoyed a US law that creates a tax subsidy for Puerto Rican debt. Middle class and well-to-do US people thus lent money to Puerto Rico, and Puerto Rico accepted the terms, then spent money on a considerable welfare state.
Read More @ Goldsilverbitcoin.com
from silver investor.com:
by Eric Zuesse, Washington’s Blog:
image: Globalresearch.ca
On July 3rd, the Ukrainian newspaper Vesti headlined “The Ministry of Justice Acknowledges UNA-UNSO Collaborated with Nazis,” and
reported that, “Ukraine’s Ministry of Justice has officially recognized
that the members of the Ukrainian nationalist organization UNA-UNSO
fought on the side of Nazi Germany during the Great Patriotic War.” It
went on to note that, “On May 22 of last year, the State Registration
Service renamed the party of UNA-UNSO as the Right Sector Party, which
is led by Dmitriy Yarosh.”
Yarosh was appointed by the U.S.-organized Ukrainian coup in February 2014 to serve as the active head of the Security Bureau of Ukraine, working directly under the newly appointed Chief of State Security, Andrei Parubiy, who
had co-founded Ukraine’s other nazi party, the Social Nationalist Party
of Ukraine. The SNPU had already changed its name in 2004 to “Freedom”
or “Svoboda,” on the advice of the U.S. CIA, because a name patterned
after the National Socialist Party of Germany wouldn’t look good in the
U.S. But inside Ukraine, Yarosh’s people were bold about their anti-Russian nazism, and even proud to be teaching it in the new regime’s public schools.
Read More @ WashingtonsBlog.comimage: Globalresearch.ca
by Mike Adams, Natural News:
Every time a government seeks to commit some great evil upon the
People, it uses extreme fear tactics to accomplish that goal.
Terrorizing the population has become such a useful tactic for scaring
the population into obedience that governments now routinely resort to
terrifying the public on every big issue: vaccines, global warming, gun
control, bankster bailouts and even war.
In Greece, this social engineering terrorism is now being directly called out by Greek Finance Minister Yanis Varoufakis. He correctly calls the actions of banking creditors “acts of terrorism” aimed against the citizens of Greece.
“There is a name for what they are doing to Greece: terrorism… Why did they force us to close banks? To strike fear into people. And when we are talking about inciting fear, this phenomenon is called terrorism,” says Varoufakis as reported in Sputnik News.
Read More @ NaturalNews.com
Every time a government seeks to commit some great evil upon the
People, it uses extreme fear tactics to accomplish that goal.
Terrorizing the population has become such a useful tactic for scaring
the population into obedience that governments now routinely resort to
terrifying the public on every big issue: vaccines, global warming, gun
control, bankster bailouts and even war.In Greece, this social engineering terrorism is now being directly called out by Greek Finance Minister Yanis Varoufakis. He correctly calls the actions of banking creditors “acts of terrorism” aimed against the citizens of Greece.
“There is a name for what they are doing to Greece: terrorism… Why did they force us to close banks? To strike fear into people. And when we are talking about inciting fear, this phenomenon is called terrorism,” says Varoufakis as reported in Sputnik News.
Read More @ NaturalNews.com
from FUKUSHIMA 2015:
Fukushima (福島市 Fukushima-shi?, [ɸu͍̥ku͍ꜜɕima]) is the capital city
of Fukushima Prefecture, Japan. It is located in the northern part of Nakadōri, the central region of the prefecture.
Fukushima (福島市 Fukushima-shi?, [ɸu͍̥ku͍ꜜɕima]) is the capital city
of Fukushima Prefecture, Japan. It is located in the northern part of Nakadōri, the central region of the prefecture.
from The Automatic Earth:
The IMF Debt Sustainability Analysis report on Greece that came out
this week has caused a big stir. We now know that the Fund’s analysts
confirm what Syriza has been saying ever since they came to power 5
months ago: Greece needs debt relief, lots of it, and fast.
We also know that Europe tried to silence the report. But what’s most interesting is that this has been going on for months, as per Reuters. Ergo, the IMF has known about the -preliminary- analysis for months, and kept silent, while at the same time ‘negotiating’ with Greece on austerity and bailouts.
And if you dig a bit deeper still, there’s no avoiding the fact that the IMF hasn’t merely known this for months, it’s known it for years. The Greek Parliamentary Debt Committee reported three weeks ago that it has in its possession an IMF document from 2010(!) that confirms the Fund knew even at that point in time.
Read More @ Theautomaticearth.com
The IMF Debt Sustainability Analysis report on Greece that came out
this week has caused a big stir. We now know that the Fund’s analysts
confirm what Syriza has been saying ever since they came to power 5
months ago: Greece needs debt relief, lots of it, and fast.We also know that Europe tried to silence the report. But what’s most interesting is that this has been going on for months, as per Reuters. Ergo, the IMF has known about the -preliminary- analysis for months, and kept silent, while at the same time ‘negotiating’ with Greece on austerity and bailouts.
And if you dig a bit deeper still, there’s no avoiding the fact that the IMF hasn’t merely known this for months, it’s known it for years. The Greek Parliamentary Debt Committee reported three weeks ago that it has in its possession an IMF document from 2010(!) that confirms the Fund knew even at that point in time.
Read More @ Theautomaticearth.com
EU rules mean the insurance is cut back when the euro falls against the pound
by Tim Wallace, Telegraph:
hat tip: Matt
by Tim Wallace, Telegraph:
Cash in bank accounts will only be guaranteed up to a limit of
£75,000 from January 1, 2016, the Bank of England has said, down from
the current limit of £85,000, because of the euro’s weakness against the
pound.
Senior Conservative MP Andrew Tyrie called the decision “absurd” and
urged the Chancellor George Osborne to push for the EU’s rules to be
changed to allow the guarantee to be raised back up to £85,000.
The level of protection is fixed across the EU
– if any bank goes bust across the Union, depositors’ money is still
safe up to a limit of €100,000. When the level was agreed in 2010, that
figure translated to £85,000. But because the euro has fallen against
the pound, it is being chopped back to £75,000.
Read More @ Telegraph.co.ukhat tip: Matt
from The Money GPS:
from smartknowledgeu:
Today, July 5th, we recorded an emergency broadcast at 6AM Greek time to address the Greek Referendum today, and what it means for all of humanity’s freedom, gold, silver and you.
Today, July 5th, we recorded an emergency broadcast at 6AM Greek time to address the Greek Referendum today, and what it means for all of humanity’s freedom, gold, silver and you.
The
$300-billion question is why? Why did the IMF decide to extend Syriza, a
radical leftist government, a helping hand in its hour of need? Has the
IMF suddenly found a conscience?
by Don Quijones, Wolf Street:
As Europe teeters on a precipice of its own making, some people are beginning to wonder whether the IMF might have somehow discovered it has a conscience. Strange as it may sound, rumors of the IMF’s do-gooding began spreading on Friday after the Fund published a damning report on the sustainability of Greece’s finances and the Troika’s woeful mismanagement of the country’s debt crisis.
Granted, the report was deeply critical of Syriza’s negotiation strategies and governance of Greece. But the report’s real victims were the IMF’s two Troika partners, the European Central Bank (ECB) and the European Commission, both of whom had fought to prevent its publication.
The latest developments confirm what I argued four months ago in “Is the IMF About to Make Greece an Offer It Can’t Refuse?”: namely that the IMF could well prove to be an unlikely, albeit temporary, ally for Syriza. Now, by publishing its Debt Sustainability Analysis at the best/worst possible time, the Fund has massively improved Syriza’s chances of achieving a no-vote on Sunday.
Read More @ WolfStreet.com
by Don Quijones, Wolf Street:
As Europe teeters on a precipice of its own making, some people are beginning to wonder whether the IMF might have somehow discovered it has a conscience. Strange as it may sound, rumors of the IMF’s do-gooding began spreading on Friday after the Fund published a damning report on the sustainability of Greece’s finances and the Troika’s woeful mismanagement of the country’s debt crisis.
Granted, the report was deeply critical of Syriza’s negotiation strategies and governance of Greece. But the report’s real victims were the IMF’s two Troika partners, the European Central Bank (ECB) and the European Commission, both of whom had fought to prevent its publication.
The latest developments confirm what I argued four months ago in “Is the IMF About to Make Greece an Offer It Can’t Refuse?”: namely that the IMF could well prove to be an unlikely, albeit temporary, ally for Syriza. Now, by publishing its Debt Sustainability Analysis at the best/worst possible time, the Fund has massively improved Syriza’s chances of achieving a no-vote on Sunday.
Read More @ WolfStreet.com
from grindall61:
from Sputnik News:
The Troika of the European Commission, the European Central Bank
(ECB), and the International Monetary Fund together with the Greek
oligarchs are playing dirty in Greece, American-German economic
researcher and historian F. William Engdahl pointed out.“And it is looking more and more as though the ‘leftist’ economist, Varoufakis’s role is that of a Trojan Horse for the destruction of the entire Eurozone by the bankers and those Greek oligarchs,” the researcher suggested.
Citing former US Assistant Treasury Paul Craig Roberts, Mr. Engdahl inferred that the ultimate goal of the Troika is “to terminate the fiscal independence of EU member states by turning tax and budget policy over to the EU itself.”
Read More @ SputnikNews
from shakaama:
from TheHealthRanger:
The Health Ranger explains why food storage isn’t enough to keep yourself fed. You also need to store FOOD POTENTIAL!
The Health Ranger explains why food storage isn’t enough to keep yourself fed. You also need to store FOOD POTENTIAL!
from Myeclinik:
Finally, a military pilot steps forward and completely blows the lid
off the unlawful and exceedingly destructive Global Chemtrail Program.
What follows is a video which puts forth a true story about a courageous
pilot who has broken ranks with his chemtrailing peers. In so doing he
has risked his life and the life of his family. As you listen to this
presentation, or read the text provided below, bear in mind that
chemtrails are being sprayed 24/7 around the globe with terrible
consequences.For those uninitiated in the ways of atmospheric engineering, chemtrails are but one geoengineering technique that is being systematically used by the U.S. Military. The following link provides an excellent overview of the geoengineering/chemtrail phenomenon, as well as an exceptional photo-doc. After all, only seeing is believing … for most people!
The Truth about Chemtrails: No matter what the stated reasons are given to those who fly the chemtrail jets, they are always told by their superiors that this ongoing and illegal atmosphere-altering program is being conducted in the interest of NATIONAL SECURITY.
Read More @ Myeclinik.com
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