Submitted by Tyler Durden on 07/18/2015 - 16:00 "Moody’s, which in 2013 began using a lower rate than governments do to calculate future liabilities, has estimated that the 25 largest U.S. public pensions alone have $2 trillion less than they need", Bloomberg reports.
The Greatest Collapse In The History Of The VIX Index
Submitted by Tyler Durden on 07/18/2015 - 15:15 The ongoing decline in the VIX starting last week (and still going) is the largest supernormal volatility collapse in VIX history. Over the past 2 years, we have been experiencing a quantifiable ‘outlier’ or ‘black swan’ decline in the VIX every 6 months as evaluated against history. We can only point to government intervention as the core reason. We firmly believe that this moral hazard produces a hidden leverage and “shadow market gamma” that at some point will result in a sustained volatility outlier event in the opposite direction.
by Dave Hodges, The Common Sense Show:
China’s stock market is failing along with the sell out of the Greek people and the collapse of their economy. In Greece,
it is merely a matter of time until the entire country goes up in
flames and results in a civil war. This is merely the tip of the
iceberg. The “civilized world” as we know it, is in an undeniable
economic meltdown.
With regard to the present set of economic circumstances, the pattern in history is always the same:
1. The government anticipates an economic meltdown. When they cannot spend their way out of the impending depression, they move to the next predictable step.
Read More
China’s stock market is failing along with the sell out of the Greek people and the collapse of their economy. In Greece,
it is merely a matter of time until the entire country goes up in
flames and results in a civil war. This is merely the tip of the
iceberg. The “civilized world” as we know it, is in an undeniable
economic meltdown.With regard to the present set of economic circumstances, the pattern in history is always the same:
1. The government anticipates an economic meltdown. When they cannot spend their way out of the impending depression, they move to the next predictable step.
Read More
Putin Orders Formation Of New Military Reserve Force
Submitted by Tyler Durden on 07/18/2015 - 17:30 Fifteen years after Vladimir Putin first walked into the Kremlin, Russia’s army is bigger, stronger, and better equipped than at any time since the end of the Cold War. Able to call on three quarters of a million frontline troops, The Telegraph reports, with more tanks than any other country on the planet, and the world’s third largest air force, Russia retains much of the brute force associated with a former superpower. But it has also rapidly modernised, spending millions on rearmament and retraining programmes aimed at professionalising the lumbering, conscript-reliant force it inherited from the Soviet Union. The latest effort, as Reuters reports, Putin has ordered the creation of a new reserve armed force as part of steps to improve training and military readiness at a time of international tensions with the West over Ukraine.
Was Greece Set Up To Fail?
Submitted by Tyler Durden on 07/18/2015 - 16:45 What have the bailouts achieved? Well, the Greek economy is doing worse than ever, and the people are poorer than ever; and both have a lot more bad ‘news’ to come. The bailouts needed to be as big as they were to 1) successfully make the international banks ‘whole’ that had lent as much as they had into the Greek economy, 2) get the IMF involved, 3) and absolve the notorious -and cooperative- domestic oligarchy from any pain. And make all the usual suspects a lot more money in the process. It therefore doesn’t look at all unlikely that Greece was saddled with an artificially raised deficit, and that the intention behind that, all along, was to get the Troika ‘inside’ for the long run. So the country could be stripped of all its assets.
I am re-printing a reader comment verbatim because it’s one of the
clearest explanations I have ever read explaining why the western
Central Banks and Governments are attacking the price of gold right now.
It’s also just really well-written!I will point out that, although not obvious on the surface, the “flock” is losing faith in the dollar out of a desperation that has been imposed upon them by the elitists unwittingly. When the history books are written on this period of time, what is occurring now will be explained as an unintended consequence of pure evil seeded in hubris. Hillary Clinton is the poster-child for this. I will elaborate on why I say the “flock” is being forced into “fleeing” later.
Here is “Zen’s” explanation for the historically unprecedented intervention in the gold market:
Read More @ InvestmentResearchDynamics.com
from LaRouchePAC:
It was Queen Elizabeth II personally, who ordered German Finance Minister Schaeuble’s virtual murder of the nation of Greece in Eurozone debt-summit negotiations over July 12-13.
The Greek debt negotiations had been proceeding in June. Germany’s demands against Greece were much more moderate at that time, according to an AP wire of today carried in the New York Times. But then, those negotiations were adjourned on June 26, to await the results of the Greek referendum which was held on July 5. (In that referendum, Greeks overwhelmingly rejected the austerity demands of Germany and the Eurozone countries.)
Now during just the same period the negotiations were interrupted, Britain’s Queen Elizabeth made a rare state visit to Germany over June 23-25, and met there with Chancellor Angela Merkel, among others. It is not known at this time whether she also met with German Finance Minister Wolfgang Schaeuble. But on June 25, the last day of the Queen’s visit, Chancellor Merkel complained that Greek negotiations had “lost ground,” and Schaeuble warned that the sides were moving apart.
Read More @ LarouchePAC.com
It was Queen Elizabeth II personally, who ordered German Finance Minister Schaeuble’s virtual murder of the nation of Greece in Eurozone debt-summit negotiations over July 12-13.The Greek debt negotiations had been proceeding in June. Germany’s demands against Greece were much more moderate at that time, according to an AP wire of today carried in the New York Times. But then, those negotiations were adjourned on June 26, to await the results of the Greek referendum which was held on July 5. (In that referendum, Greeks overwhelmingly rejected the austerity demands of Germany and the Eurozone countries.)
Now during just the same period the negotiations were interrupted, Britain’s Queen Elizabeth made a rare state visit to Germany over June 23-25, and met there with Chancellor Angela Merkel, among others. It is not known at this time whether she also met with German Finance Minister Wolfgang Schaeuble. But on June 25, the last day of the Queen’s visit, Chancellor Merkel complained that Greek negotiations had “lost ground,” and Schaeuble warned that the sides were moving apart.
Read More @ LarouchePAC.com
from RT:
E785 – Max Keiser and Stacy Herbert discuss when the ‘EU will be couping and the Greeks will be capitulating,’ while in the US, Senators are introducing legislation to allow Puerto Rico to file Chapter 9 bankruptcy in order to avoid a debt prisoner situation as Greece is enduring. At the same time, in the US, health insurance companies’ stock prices triple in five years as consolidation into three or four providers escalate costs to individual consumers forced to consume their product.
E785 – Max Keiser and Stacy Herbert discuss when the ‘EU will be couping and the Greeks will be capitulating,’ while in the US, Senators are introducing legislation to allow Puerto Rico to file Chapter 9 bankruptcy in order to avoid a debt prisoner situation as Greece is enduring. At the same time, in the US, health insurance companies’ stock prices triple in five years as consolidation into three or four providers escalate costs to individual consumers forced to consume their product.
by Bix Weir, Road To Roota:
Yesterday, the US Mint announced that the sales of US Silver Eagles will resume on July 27th on an allocated basis as mandated by US Treasury Secretary, Jack Lew.
US Mint to Resume Silver Eagle Sales July 27
http://www.kitco.com/news/2015-07-17/U-S-Mint-To-Restart-Silver-Sales-July-27-Gold-Demand-Remains-Strong.html
Silver bullion investors will have to wait one more week to buy more 2015 U.S. American Eagle Silver coins from the U.S. Mint.
Read More @ RoadToRoota.com
A few weeks back the US Mint announced that
US Treasury Secretary, Jack Lew, had ordered them to stop selling the
#1 retail silver coin in the world…the 1oz Silver Eagle. He ordered it
because too many were being sold at the low, manipulated silver price
below $15/oz and he knew that there was more pain to come in the silver
price suppression so he cut off supply to slow the physical dishoarding
of the remaining stockpiles of silver.
That’s the truth and there is no other way to describe it.Yesterday, the US Mint announced that the sales of US Silver Eagles will resume on July 27th on an allocated basis as mandated by US Treasury Secretary, Jack Lew.
US Mint to Resume Silver Eagle Sales July 27
http://www.kitco.com/news/2015-07-17/U-S-Mint-To-Restart-Silver-Sales-July-27-Gold-Demand-Remains-Strong.html
Silver bullion investors will have to wait one more week to buy more 2015 U.S. American Eagle Silver coins from the U.S. Mint.
Read More @ RoadToRoota.com
from Paul Craig Roberts:
“Greece’s
debt can now only be made sustainable through debt relief measures that
go far beyond what Europe has been willing to consider so far.” — International Monetary Fund
Greece’s lesson for Russia, and for China and Iran, is to avoid all financial relationships with the West. The West simply cannot be trusted. Washington is committed to economic and political hegemony over every other country and uses the Western financial system for asset freezes, confiscations, and sanctions. Countries that have independent foreign policies and also have assets in the West cannot expect Washington to respect their property rights or their ownership. Washington freezes or steals countries’ assets, or in the case of France imposes multi-billion dollar fines, in order to force compliance with Washington’s policies. Iran, for example, lost the use of $100 billion, approximately one-fourth of the Iranian GDP, for years simply because Iran insisted on its rights under the Non-Proliferation Treaty.
Read More @ PaulCraigRoberts.org
“Greece’s
debt can now only be made sustainable through debt relief measures that
go far beyond what Europe has been willing to consider so far.” — International Monetary FundGreece’s lesson for Russia, and for China and Iran, is to avoid all financial relationships with the West. The West simply cannot be trusted. Washington is committed to economic and political hegemony over every other country and uses the Western financial system for asset freezes, confiscations, and sanctions. Countries that have independent foreign policies and also have assets in the West cannot expect Washington to respect their property rights or their ownership. Washington freezes or steals countries’ assets, or in the case of France imposes multi-billion dollar fines, in order to force compliance with Washington’s policies. Iran, for example, lost the use of $100 billion, approximately one-fourth of the Iranian GDP, for years simply because Iran insisted on its rights under the Non-Proliferation Treaty.
Read More @ PaulCraigRoberts.org
from Peak Prosperity:
You really have to be paying attention to see what’s truly going on
these days. The keepers of the system, that is the banking elites, now
openly control everything — though you’d never know that by listening to
the media.
Consider this:
Eurozone backs €7bn bridging loan
Jul 16, 2105
Eurozone ministers have agreed to give Greece a €7bn (£5bn) bridging loan from an EU-wide fund to keep its finances afloat until a bailout is approved.
Read More @ PeakProsperity.com
You really have to be paying attention to see what’s truly going on
these days. The keepers of the system, that is the banking elites, now
openly control everything — though you’d never know that by listening to
the media.Consider this:
Eurozone backs €7bn bridging loan
Jul 16, 2105
Eurozone ministers have agreed to give Greece a €7bn (£5bn) bridging loan from an EU-wide fund to keep its finances afloat until a bailout is approved.
Read More @ PeakProsperity.com
from The Daily Sheeple:
Why is the government so maniacal about injecting vaccines?
To read about Jon’s mega-collection, Power Outside The Matrix, click here.)
I want to extend the remarks I made about vaccines the other day.
The reference is the New York Times, 3/15/15, “Protection Without a Vaccine.” It describes the frontier of research. Here are key quotes that illustrate the use of synthetic genes to “protect against disease,” while changing the genetic makeup of humans. This is not science fiction:
Read More @ TheDailySheeple.com
Why is the government so maniacal about injecting vaccines?
To read about Jon’s mega-collection, Power Outside The Matrix, click here.)
I want to extend the remarks I made about vaccines the other day.
The reference is the New York Times, 3/15/15, “Protection Without a Vaccine.” It describes the frontier of research. Here are key quotes that illustrate the use of synthetic genes to “protect against disease,” while changing the genetic makeup of humans. This is not science fiction:
Read More @ TheDailySheeple.com
from ChinaUncensored:
The State of Texas is setting up a gold-backed bank that will allow
depositors to bypass the controversial Federal Reserve System and its
fiat currency in banking and commerce, according to the state
representative who authored the recently enacted law. Under the measure,
passed overwhelmingly by lawmakers and signed in mid-June by Republican
Governor Greg Abbott, Lone Star State officials will establish and
operate the Texas Bullion Depository for anyone who would like to
deposit and trade in precious metals. The implications are as big as
Texas.While some analysts have said the move may be another sign heralding Texas’ eventual secession from the union, or preparation for financial Armageddon, its advocates say the depository simply makes financial sense. Among other benefits, the institution will provide more options to consumers weary of the increasingly troubled traditional banking and monetary system, which is viewed by the public with growing suspicion. And experts say the effect of making it easier to use sound money in commerce could be far-reaching.
Read More @ TheNewAmerican.com
How Student Loans Create Demand For Useless Degrees
Submitted by Tyler Durden on 07/18/2015 - 18:15 Last week, former Secretary of Education and US Senator Lamar Alexander wrote in the Wall Street Journal that a college degree is both affordable and an excellent investment. He repeated the usual talking point about how a college degree increases lifetime earnings by a million dollars, “on average.” That part about averages is perhaps the most important part, since all college degrees are certainly not created equal. In fact, once we start to look at the details, we find that a degree may not be the great deal many higher-education boosters seem to think it is./
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