The Greek "Choice": Hand Over Sovereignty Or Take Five Year Euro "Time Out"

Submitted by Tyler Durden on 07/12/2015 - 13:08
For those who missed today's festivities in Brussels, here is the 30,000 foot summary: Europe has given Greece a "choice": hand over sovereignty to Germany Europe or undergo a 5 year Grexit "time out", which is a polite euphemism for get the hell out.

Germany's Most Noted Euroskeptic Is Now In Control

Submitted by Tyler Durden on 07/12/2015 - 15:15 This weekend's events in Europe have clarified who is really running the show across the 'union'. Hans-Werner Sinn, Chairman of the Ifo Institute for Economic Research, vehemnt euroskeptic, and head of the so-called 'five wise men' advising the German government and specifically Angela Merkel, confirmed his call from 2012 for a "temporary grexit from the euro." The right wing economist previously explained "Greece and Portugal have to become 30-40% less expensive to be competitive again. This is being attempted through excessive austerity measures within the euro zone, but it won't work. It will drive these countries to the brink of civil war before it succeeds. Temporary exits would very quickly stabilize these countries, create new jobs and free the population from the yoke of the euro." Anyone positioning for more centrist union-supporting rhetoric, hope is no longer a strategy as the hardest conservatives are now in charge.

Eurogroup Officially Threatens Greece With 5 Year Grexit "Time Out"

Submitted by Tyler Durden on 07/12/2015 - 12:16 "In case no agreement could be reached, Greece should be offered swift negotiations on a time-out from the euro area with possible debt restructuring."

An Alternative Interpretation Of The Eurozone Strategy

Submitted by Tyler Durden on 07/12/2015 - 14:58

 

 

 

 

Debt Crisis Central: Let’s Not Forget About America

from The Daily Sheeple:

As the situation in Puerto Rico has recently revealed, Greece is not alone. The world is filled with debt laden nations, many of which may never be able to pay down their liabilities. All told, the world is $200 trillion in debt, of which $57 trillion was accumulated in the past 8 years. And for the record, all the wealth in the world, including assets, amounts to $241 trillion (as of 2013). It’s safe to say that the human race is on one massive debt bender, and there won’t be any easy way out.
As for which countries are worse off than others, a recent article from The Guardian happens to reveal which of the world’s nations are on the fast track to a debt crisis. As I read it however, there was a country that was suspiciously missing from the list. Can you spot this missing debt junky? (hint: it’s America. The answer is always America.)
Read More @ TheDailySheeple.com

EUR Indicated 100 Pips Lower After Tsipras "Mental Waterboarding"

Submitted by Tyler Durden on 07/12/2015 - 14:40 After ramping gloriously on Thursday and Friday, basking in the warm after-glow of an assured done-deal, the FX market appears to be deja-vu-ing all over again as EU leaders throw up all over Greek proposals. EURUSD is indicated 1.1085/1.1056 in pre-market - down around 100 pips from the Friday close - following what one official called "extensive mental waterboarding" of Greek PM Alexis Tsipras.

Similarities Between China's Stock Market Crash And 1929 Are Eerie

Submitted by Tyler Durden on 07/12/2015 - 14:40 For students of history, the China stock market crash looks eerily familiar. It’s playing out much like the Wall Street stock market crash of 1929. One of the factors fueling the soaring stock market of the 1920s was an influx of new, financially unsophisticated investors who saw the rising numbers and saw an opportunity for quick and easy profits. And that’s exactly what’s happened in China over the past year or so.

Greece May Sue Goldman Over Bank's Role In Greek Collapse

Submitted by Tyler Durden on 07/12/2015 - 14:05 Former Goldmanite George Jabbour thinks Greece should take legal action against Goldman for the bank's role in helping the country hide its debt. We can only hope that if Greece does indeed decide to take Mr. Jabbour up on his offer to help clawback some of the half billion euros the bank reportedly pocketed from the deal, that the discovery process will help shed some light on whether the man now in charge of the ECB personally oversaw and endorsed the perpetuation of the Greek lie.

Guest Post: Why Donald Trump Surged in the Polls (And Why It Matters)

Submitted by Tyler Durden on 07/12/2015 - 13:31 Donald Trump is not a pleasant man. He is egotistical, vain, bombastic, often mean-spirited. He revels in his financial superiority, which he conflates with human goodness. When he contorts his mouth into a kind of tube as he talks, you brace yourself for something outrageous—and it nearly always emerges as expected. His likability quotient, at least in terms of his public persona, is down somewhere in single digits. And yet he has just taken hold of the American political system by the neck and doesn’t seem inclined to let go anytime soon.

Why The NYSE Debacle Mattered

Submitted by Tyler Durden on 07/12/2015 - 11:47 On Thursday this past week there were a few attempts at crisis management that should go into textbooks (as well as history books) everywhere in years to come as: Crisis Management 101.a – Lessons in Ineptitude. The responses as to settle the angst in an ever-more-skeptical, as well as frightened investing class was not only inane as demonstrated by the responses (or better yet; lack there of) given at the NYSE by way of “answering” as to why it halted its operation for nearly 4 hours. Was only outdone by what many view as the near insane when one views the steps taken in China to “calm” their markets. Is that how one instills confidence? It instills something – however the term isn’t anything resembling “confidence.”

Early Market Indications: Bitcoin Soars To 2015 Highs, Stocks Tumble

Submitted by Tyler Durden on 07/12/2015 - 11:05

Eurogroup Fails To Reach Deal, Gives Greece 24 Hours To Accept Draconian Terms

Submitted by Tyler Durden on 07/12/2015 - 10:37 After a day-long meeting of the Eurogroup, the European FinMins were unable to reach a conclusion on the third Greek bailout and instead once again punted the revised term sheet, this time with absolutely draconian terms, back to Tsipras, and told him he has until tomorrow to agree to the terms, and until Wednesday to pass them into law, for talks to even begin!

"It's Not Possible To Reach A Deal Today" - EU Summit Canceled As Leaders Scramble To Keep The Dr€am Alive

Submitted by Tyler Durden on 07/12/2015 - 10:10 It was a weekend in which, according to traders, Greece facing an "absolutely final" was going to be saved. Instead, it may go down in history as the weekend in which the Eurozone finally split and its long-overdue disintegration began.

A Broken Greek PM Says He Is "Ready For An Honest Compromise"

Submitted by Tyler Durden on 07/12/2015 - 10:09 TSIPRAS: AGREEMENT CAN BE REACHED TONIGHT IF ALL WANT IT

MUST HEAR: Texas Gold Repatriation & Its New GOLD-BACKED BANK!! — Texas Rep. Capriglione

[Ed. Note: To those of you who believe there’s not much we can do to topple the tyranny of the federal government, please pay extra close attention to this one.]
from Tru News, via VisionLiberty:



Texas Representative Giovanni Capriglione reveals to the Trunews audience a stunning new revelation about the Texas gold depository that will be built soon.

US Fears Euro Crisis Unravelling Anti-Russia Project – Finian Cunningham

by Jon Rappoport, via The News Doctors:
As leaders of the European Union meet this weekend to decide on whether Greece is to be ejected from the eurozone, Washington is pulling out the stops to prevent such an outcome.
What is alarming Washington is not the technical, financial arguments over Greece’s eligibility to remain inside the EU’s monetary system. Nor, we can aver, are the pressing human concerns about the poverty-stricken Greek people from the collapse of their country’s economy. What has the US rattled is that the monetary crisis in Europe could lead to much bigger geopolitical consequences: in particular, the EU’s bickering threatens to unravel Washington’s carefully constructed anti-Russian agenda in which, for the US, a coherent Europe plays a vital role.
Read More @ TheNewsDoctors.com

What is a “Conspiracy Theorist” and why we should be proud to question the narrative

from Jay Taylor:



Jay Taylor discusses the roots of the term “conspiracy theorist” and how the CIA coined the term to discredit those who questioned the system. RIP to Dr Jeff Bradstreet Anti Vaccine and alternative medicine practitioner.

How to Avoid a ‘Windfall Profits’ Tax on Gold

from Grams Gold:
“People don’t really realize the situation. If people understood that their government and central bank did not regard the entire population with anywhere near the regard it has for banks, they’d be up in arms.”
As inflation continues to climb, especially for essentials like food, people will start to realize that Fed policies are to blame,” says Dr. Paul Craig Roberts.

---

“If I was the evil witch somewhere and I sat down and said, “How can I destroy the dollar?” I would do EXACTLY what the Federal Reserve and the Obama White House are doing.”
Read More @ Gramsgold.com

The US Dollar and Bretton Woods are Finished: The BRICS/SCO Summits in Ufa Mark the Start of a “Silk World Order”

from Global Research:
Get ready for ground shattering geopolitical changes. At the crossroads of Asia and Europe, it has been decided that the Russian city of Ufa will be the point of convergence for all the initiatives and projects of the Silk World Order of trade and integration that China and Russia are spearheading. Ufa, which is the capital of Russia’s Bashkortostan, is being used to simultaneously host an extraordinary summit for both the BRICS—which has increasing become an alternative forum to that of the G7—and the Shanghai Cooperation Organization (SCO) respectively from July 8 to 9 and from July 9 to 10, 2015.
The Coming Together of Eurasia and Beyond
The joint BRICS and SCO summit in Ufa has been organized by Moscow as the simultaneous holder of both the rotating chairmanships of the BRICS and the SCO. It is no coincidence, however, that the Seventh BRICS and Fifteenth SCO summits have been amalgamated as one large international summit. The Kremlin has used the opportunity to bring Russia’s partners together. This is part of the integration process of the Silk World Order. There will be joint BRICS and SCO sessions and many important exchanges and discussions about a new archetype for the world.
Read More @ Globalresearch.ca

/