The world is not going to end. It already has, and you have not noticed.
They will never learn, but why should they? These institutions are gambling with your money, not theirs. They win and they whack it up between themselves. They go wrong you lose in the trillions. There is a potential for an uncontrolled nuclear financial reaction in this outrageous form of greed driven madness. No longer does the Edison and Tesla of the world seek to invent a better world, just a better way to beat the markets using universal energy of the leverage in OTC derivatives via super computers. This is going misfire very badly. Each generation is crazier than its predecessor in their greed and penchant for money and power. The builders of real businesses are frowned upon. Our financial kids are downright dangerous. They seek not to better the world but to destroy all that is good in it for personal profit. The only invention welcome is one that means more paper profit. They have no limits on their desires. They cannot be satisfied by any amount. Their battle cry is "More at any Cost." They will cause a chain reaction financial dark energy that cannot be stopped by any central bank or all central banks together. Maybe we are going into a Super Financial Nova followed by a permanent Economic Black Hole where prosperity once existed? Maybe the rebellious IMF knows this.
OCC’s Quarterly Report on Bank Trading and Derivatives Activities
First Quarter 2015
Highlights:
· JPM and Citi are still competing for top derivative gambler at about $56 Trillion each
· At table 2, tiny Morgan Stanley has a derivative book of $35.2 Trillion
· At graph #12, (other) precious metals derivatives (i.e. silver) jumped from about $22.4 Billion in Q4’2014 to about $75.6 billion in Q1’2015
· At table 9, Citi’s (other) precious metals derivatives (i.e. silver) jumped from about $3.9 Billion in Q4’2014 to about $53 billion in Q1’2015!
Click here to read the full report…
from RT:
The Mood On The Ground In Greece: "Some Have Raised The Prospect Of Civil War"
Submitted by Tyler Durden on 06/29/2015 - 22:29 "There have been some people that worry that the military may actually get involved. It wouldn't surprise me - there are some people in Greece that have raised the whole prospect of potential civil war."
1914 Deja Vu: Draghi's Cap On ELA Is Today's Czar Nicholas Troop Mobilization
Submitted by Tyler Durden on 06/29/2015 - 19:25 It’s all so very 1914-ish. Draghi’s cap on bank-supporting Emergency Liquidity Assistance (ELA) is the modern day equivalent of Czar Nicholas II’s troop mobilization. Good luck walking that back.Coming to your country soon...very soon... Yes that includes the U.S.
Greek Supermarkets Begin To Resemble Those Of Venezuela
Submitted by Tyler Durden on 06/29/2015 - 19:42
Puerto Rico Announces Bond Payment "Moratorium"
Submitted by Tyler Durden on 06/29/2015 - 18:25 Having concluded last night that Puerto Rico debt is "unpayable," and that his government could not continue to borrow money to address budget deficits while asking its residents, already struggling with high rates of poverty and crime, to shoulder most of the burden through tax increases and pension cuts, Padilla confirmed tonight that: PUERTO RICO TO SEEK "NEGOTIATED MORATORIUM", 'YEARS' OF POSTPONEMENT IN DEBT PAYMENTS. Likening his state's situation to that of Detroit and New York City (though not Greece), Padilla concluded, the economic situation is "extremely difficult," which is odd because just a few years ago when they issued that bond - everything was awesome?
China Makes It Official, Launches The Bank That Humiliated Washington
Submitted by Tyler Durden on 06/29/2015 - 20:00 Four months after the UK opened the membership floodgates and dealt Washington a humiliating political blow, China has officially launched the Asian Infrastructure Investment Bank.
JPMorgan Just Cornered The Commodity Derivative Market, And This Time There Is Proof
Submitted by Tyler Durden on 06/29/2015 - 20:55 For years there had been speculation, rumor and hearsay that JPM had cornered the US commodities market. Now, finally, we have documented proof.
by Andrew Hoffman, Miles Franklin:
Just how “deformed” has the world become? Here in the States, the
Supreme Court upheld Obamacare by a 6-3 vote, sentencing Americans to
the inevitable tax increases and government bureaucracy that will put
the United States of Socialism far closer to Europe’s hopeless situation
than most can imagine. Which, by the way, is yet another reason to run, don’t walk,
from government sponsored retirement plans like IRAs, pensions, and
401ks. Simultaneously, the Senate passed Obama’s “fast track” TPP trade
bill; which, thanks to WikiLeaks, we now know has little to do with
trade, and everything to do with covertly usurping citizens’ rights. In
other words, yet another red, blaring signal to “get out of the system”
as quickly as possible.
Read More @ MilesFranklin.com
Just how “deformed” has the world become? Here in the States, the
Supreme Court upheld Obamacare by a 6-3 vote, sentencing Americans to
the inevitable tax increases and government bureaucracy that will put
the United States of Socialism far closer to Europe’s hopeless situation
than most can imagine. Which, by the way, is yet another reason to run, don’t walk,
from government sponsored retirement plans like IRAs, pensions, and
401ks. Simultaneously, the Senate passed Obama’s “fast track” TPP trade
bill; which, thanks to WikiLeaks, we now know has little to do with
trade, and everything to do with covertly usurping citizens’ rights. In
other words, yet another red, blaring signal to “get out of the system”
as quickly as possible.Read More @ MilesFranklin.com
The Emergence Of Orwellian Newspeak And The Death Of Free Speech
Submitted by Tyler Durden on 06/29/2015 - 23:00 How do you change the way people think? You start by changing the words they use.
Strap In! China Is Crashing Again
Submitted by Tyler Durden on 06/29/2015 - 22:07 In the last 2 days, PBOC has thrown everything at the ponzi-fest they call a rational market. An RRR cut, a Benchmark rate cut, a rev repo rate cut, a CNY50 Bn rev repo injection, a stamp duty cut, IPO halts (cut supply), and last but not least permission to speculate with a reassurance that shares on a solid foundation. The outcome of all this policy-panic - CHINEXT (China's Nasdaq) is down another 6% today (down 25% in 3 days) and aside from CSI-300 futures, all other major Chinese indices are in free-fall. Add to that the fact that industrial metals are collapsing with steel rebar limit down and it appears Central Bank Omnipotence is under threat.
by J. D. Heyes, Natural News:
The central bank of the cash-strapped Greek government has signaled
that the country is liable to default on bailout loans issued by the
International Monetary Fund and the European Central Bank by the end of
June, thereby crashing out of the euro and perhaps seizing private bank
accounts in the process.
As reported by the UK’s Independent, European finance ministers are scrambling to develop contingency plans in case the Greek government makes good on threats to default if no agreement is reached to either downgrade the debt or extend payment options. Greek officials have not signaled a willingness to simply make the next payment, which is due at the end of June.
Athens is schedules to repay €1.6 billion to the IMF on June 30, but it will be unable to do so unless its creditors release a €7.2 billion bailout payment before then, the paper noted.
Read More @ NaturalNews.com
The central bank of the cash-strapped Greek government has signaled
that the country is liable to default on bailout loans issued by the
International Monetary Fund and the European Central Bank by the end of
June, thereby crashing out of the euro and perhaps seizing private bank
accounts in the process.As reported by the UK’s Independent, European finance ministers are scrambling to develop contingency plans in case the Greek government makes good on threats to default if no agreement is reached to either downgrade the debt or extend payment options. Greek officials have not signaled a willingness to simply make the next payment, which is due at the end of June.
Athens is schedules to repay €1.6 billion to the IMF on June 30, but it will be unable to do so unless its creditors release a €7.2 billion bailout payment before then, the paper noted.
Read More @ NaturalNews.com
Is The American Youth Ready For Conscription?
Submitted by Tyler Durden on 06/29/2015 - 22:00 The shining future that America once had is all but a page note in the history books now. Record numbers not in the workforce, failed foreign policies and domestic strife is the new normal. And how is the brain trust in DC going to solve these problems? National service for all 18 - to 28-year-olds!
French Economy In "Dire Straits", "Worse Than Anyone Can Imagine", Leaked NSA Cable Reveals
Submitted by Tyler Durden on 06/29/2015 - 21:55 Moscovici who served as French finance minister until 2014 and then became European commissioner for Economic and Financial Affairs, Taxation and Customs, used some very colorful language, i.e., the French economic situation was "worse than anyone [could] imagine and drastic measures [would] have to be taken in the next two years”.
Beggar Thy Neighbor? Greece's Battered Banks Beget Balkan Jitters
Submitted by Tyler Durden on 06/29/2015 - 21:30 "Millions of people in ex-Communist Bulgaria, Macedonia, Albania, Serbia and Romania have deposits in banks owned by Greek lenders, putting this corner of south-eastern Europe in the frontline if there is contagion from the Greek crisis."
Good On You, Alexis Tsipras (Part 1)
Submitted by Tyler Durden on 06/29/2015 - 20:30 Late Friday night a solid blow was struck for sound money, free markets and limited government by a most unlikely force. Namely, the hard core statist and crypto-Marxist prime minister of Greece, Alexis Tsipras. He has now set in motion a cascade of disruption that will shake the corrupt status quo to its very foundations.
Greece Threatens 'Unprecedented' Injunction Against EU To Block Grexit
Submitted by Tyler Durden on 06/29/2015 - 18:07 Having told the citizens of Greece that the European leaders will not kick them out of Europe because "the cost of throwing them out is too high, enormous," it appears Greek PM Tspiras has another plan to ensure - no matter what the outcome of the forthcoming referendum - that there is no actual Grexit. As The Telegraph reports, Greece has threatened to seek a court injunction against the EU institutions, saying "we are taking advice and will certainly consider an injunction at the European Court of Justice. The EU treaties make no provision for euro exit and we refuse to accept it. Our membership is not negotiable."
A Wall Street Crash Course: How To Sell $1 For $100
Submitted by Tyler Durden on 06/29/2015 - 18:00 On Wall Street, a vital skill is the ability to sell something that you know is completely worthless. Goldman Sachs did it when it sold ABACUS 2007-AC1 to investors while hedge fund manager John Paulson was betting against it. Paulson paid Goldman $15 million to peddle this junk, which was a collateralized debt obligation that would make money when millions of people lost their homes. The SEC charged Goldman with fraud, and they eventually settled for $550 million. If you're an enterprising Wall Streeter who wants to make a name for himself without breaking the rules, you can operate a tantalizing scheme that investors can't resist. It's called Shubik's Dollar Auction.
ECB Says "Grexit Can No Longer Be Excluded", Hints At More QE
Submitted by Tyler Durden on 06/29/2015 - 16:40 It seems Goldman Sachs' conspiracy theory was right all along...ECB'S COEURE SAYS ECB IS EVEN READY TO USE NEW INSTRUMENTS, WITHIN ITS MANDATE
GREECE COULD EXIT EURO, COEURE SAYS IN LES ECHOS INTERVIEW
This is exactly what The ECB wanted all along (and their leaders overlords) - all they needed was an 'excuse'. Or, in the parlance of Rahm Emanuel's times, "Let no Greek default crisis go to QE waste."
by Graham Summers, Gold Seek:
As we have been noting throughout 2015 thus far:
There is no recovery. There is only the bond bubble. And everything has been done to prop it up because when it bursts (as all bubbles do), entire countries (including the US) will go bust.
Greece is just the first domino to fall.
Indeed the front pages of the financial media today show an interesting tale: both China and Greece are experiencing debt implosions, the former being a margin debt fueled stock market bubble crashing while the latter is on the verge of defaulting on its sovereign debt.
Read More @ GoldSeek.com
As we have been noting throughout 2015 thus far:There is no recovery. There is only the bond bubble. And everything has been done to prop it up because when it bursts (as all bubbles do), entire countries (including the US) will go bust.
Greece is just the first domino to fall.
Indeed the front pages of the financial media today show an interesting tale: both China and Greece are experiencing debt implosions, the former being a margin debt fueled stock market bubble crashing while the latter is on the verge of defaulting on its sovereign debt.
Read More @ GoldSeek.com
by Philippe Gastonne, The Daily Bell:
In a 1968 Star Trek episode titled “The Gamesters of Triskelion,”
disembodied aliens abduct Captain Kirk and two of his crew for their own
entertainment. They fit the humans with special collars that create
enormous pain on command, thereby ensuring compliance. Of course,
Captain Kirk finds a heroic way to escape the situation. Actual 2015
prisoners fitted with “Stun-Cuffs” from Myers Enterprises are not so
lucky. Their keepers can inflict agony on command from up to 100 yards
away.
Myers looks like a small company and the devices don’t appear to be widely used – yet. Lawyers will surely argue the pain constitutes “cruel and unusual punishment.” Unlike a Taser, which helps apprehend suspects, Stun-Cuffs are expressly designed to use on people authorities already apprehended.
The Myers Enterprises’ brochure includes a chilling line: “They must be controlled.”
Read More @ TheDailyBell.com
In a 1968 Star Trek episode titled “The Gamesters of Triskelion,”
disembodied aliens abduct Captain Kirk and two of his crew for their own
entertainment. They fit the humans with special collars that create
enormous pain on command, thereby ensuring compliance. Of course,
Captain Kirk finds a heroic way to escape the situation. Actual 2015
prisoners fitted with “Stun-Cuffs” from Myers Enterprises are not so
lucky. Their keepers can inflict agony on command from up to 100 yards
away.Myers looks like a small company and the devices don’t appear to be widely used – yet. Lawyers will surely argue the pain constitutes “cruel and unusual punishment.” Unlike a Taser, which helps apprehend suspects, Stun-Cuffs are expressly designed to use on people authorities already apprehended.
The Myers Enterprises’ brochure includes a chilling line: “They must be controlled.”
Read More @ TheDailyBell.com
from TheAlexJonesChannel:
by Pam Martens and Russ Martens, Wall Street on Parade:
Greece has just a tad more population, at 11 million, than New York
City and its boroughs. But this morning, it has caused hundreds of
billions of dollars to be erased from stock and bond markets around the
world.
The situation in Greece this morning is as follows: banks and the Athens Stock Exchange have been closed until at least July 6, following a breakdown in talks between Greek Prime Minister Alexis Tsipras and the country’s creditors. The July 6 date stems from the vote in the Greek parliament over the weekend to hold a July 5 referendum allowing Greek citizens to vote on the austerity program offered by creditors in exchange for extending more loans to Greece. As a result of a run on the banks as the talks disintegrated, capital controls have now been imposed in Greece, allowing Greek depositors to withdraw no more than just €60 a day (about $66). Moody’s is out with a report this morning indicating that private sector deposits in the Greek banking system have diminished to approximately $133 billion, a decline of approximately $49 billion since November of last year.
Read More @ WallStreetonParade.com
Greece has just a tad more population, at 11 million, than New York
City and its boroughs. But this morning, it has caused hundreds of
billions of dollars to be erased from stock and bond markets around the
world.The situation in Greece this morning is as follows: banks and the Athens Stock Exchange have been closed until at least July 6, following a breakdown in talks between Greek Prime Minister Alexis Tsipras and the country’s creditors. The July 6 date stems from the vote in the Greek parliament over the weekend to hold a July 5 referendum allowing Greek citizens to vote on the austerity program offered by creditors in exchange for extending more loans to Greece. As a result of a run on the banks as the talks disintegrated, capital controls have now been imposed in Greece, allowing Greek depositors to withdraw no more than just €60 a day (about $66). Moody’s is out with a report this morning indicating that private sector deposits in the Greek banking system have diminished to approximately $133 billion, a decline of approximately $49 billion since November of last year.
Read More @ WallStreetonParade.com
by Kurt Nimmo, Infowars:
The First Amendment Defense Act proposed Senator Mike Lee and Rep. Raul
Labrador prior to the Supreme Court ruling upholding homosexual
marriage under the 14th Amendment right to equal protection reveals that
the United States no longer functions as a constitutional republic. The
First Amendment Defense Act
(FADA) would bar the federal government from imposing penalties on
individuals, businesses, groups, and especially religious organizations
for refusing to participate in same-sex weddings.
In particular, the bill would not allow the IRS to revoke the tax-exempt status of non-profit organizations that believe same sex marriage is inappropriate.
If the Constitution prevailed in America, the First Amendment’s guarantees of freedom of religion, freedom of speech, and freedom of conscience would nullify any attempt by the government to punish individuals who oppose homosexual marriage on moral and religious grounds.
Read More @ Infowars.com
The First Amendment Defense Act proposed Senator Mike Lee and Rep. Raul
Labrador prior to the Supreme Court ruling upholding homosexual
marriage under the 14th Amendment right to equal protection reveals that
the United States no longer functions as a constitutional republic. The
First Amendment Defense Act
(FADA) would bar the federal government from imposing penalties on
individuals, businesses, groups, and especially religious organizations
for refusing to participate in same-sex weddings.In particular, the bill would not allow the IRS to revoke the tax-exempt status of non-profit organizations that believe same sex marriage is inappropriate.
If the Constitution prevailed in America, the First Amendment’s guarantees of freedom of religion, freedom of speech, and freedom of conscience would nullify any attempt by the government to punish individuals who oppose homosexual marriage on moral and religious grounds.
Read More @ Infowars.com
by Mike Adams, Natural News:
The legal argument of gay marriage proponents is that because gay
marriage is legal in a majority of states, that “right” cannot be
infringed by the remaining states which opposed gay marriage. The U.S.
Supreme Court, in granting this new, nationwide right to gay marriage,
cited the Fourteenth Amendment of the Constitution, Section 1, which
states:
No state shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.
Read More @ NaturalNews.com
The legal argument of gay marriage proponents is that because gay
marriage is legal in a majority of states, that “right” cannot be
infringed by the remaining states which opposed gay marriage. The U.S.
Supreme Court, in granting this new, nationwide right to gay marriage,
cited the Fourteenth Amendment of the Constitution, Section 1, which
states:No state shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.
Read More @ NaturalNews.com
from The Money GPS:
from Global Research:
The Central Bank of Greece surprised everyone with the publication of
their monetary politics for 2014-2015. Besides revealing the
consequences of the economic suffocation imposed by Brussels, it
concluded that in case of not getting to a prompt deal with its European
partners, a crisis of great proportions will be detonated.
“A crisis with a manageable debt as we are currently facing with the help of our partners will transform into an uncontrollable crisis, with great risk for the banking system and for the financial stability”, it quoted[1]. It was the first time this institution seriously contemplated Greece’s separation from the Eurozone.
Read More @ Globalresearch.ca
The Central Bank of Greece surprised everyone with the publication of
their monetary politics for 2014-2015. Besides revealing the
consequences of the economic suffocation imposed by Brussels, it
concluded that in case of not getting to a prompt deal with its European
partners, a crisis of great proportions will be detonated.“A crisis with a manageable debt as we are currently facing with the help of our partners will transform into an uncontrollable crisis, with great risk for the banking system and for the financial stability”, it quoted[1]. It was the first time this institution seriously contemplated Greece’s separation from the Eurozone.
Read More @ Globalresearch.ca
from Webster Tarpley Radio:
from Ready Nutrition:
Preparing for disasters can be costly if you have to purchase
everything at once. Many preparedness enthusiasts prefer the less
stressful route in prepping a little at a time. That said, our monthly
budgets sometimes do not allow for expensive, top of the line purchases.
That’s when you have to get creative.
When my family rode out the aftermath of Hurricane Ike in 2008, we were off the grid for two weeks and used many emergency items purchased from the Dollar Store. At the time, we were paying off lofty debts and didn’t have the money to buy brand name items. Many of the items I purchased, I outlined in the first week of 52-Weeks to Preparedness, but there are many more Dollar Store finds that I wanted to list today.
Read More @ ReadyNutrition.com
Preparing for disasters can be costly if you have to purchase
everything at once. Many preparedness enthusiasts prefer the less
stressful route in prepping a little at a time. That said, our monthly
budgets sometimes do not allow for expensive, top of the line purchases.
That’s when you have to get creative.When my family rode out the aftermath of Hurricane Ike in 2008, we were off the grid for two weeks and used many emergency items purchased from the Dollar Store. At the time, we were paying off lofty debts and didn’t have the money to buy brand name items. Many of the items I purchased, I outlined in the first week of 52-Weeks to Preparedness, but there are many more Dollar Store finds that I wanted to list today.
Read More @ ReadyNutrition.com
/
Russian proxy forces, armed with Russian EMP technology are
responsible for bringing down an F-16 piloted by an Iraqi general flying
near the Mexican border. Russia has fired the first shots of World War
III.
Late Friday night a solid blow was struck for sound money, free
markets and limited government by a most unlikely force. Namely, the
hard core statist and crypto-Marxist prime minister of Greece, Alexis
Tsipras. He has now set in motion a cascade of disruption that will
shake the corrupt status quo to its very foundations.
China plans to launch a yuan-denominated gold fix by the end of 2015
via the Shanghai Gold Exchange (SGE), in a move aimed at giving the
world’s biggest bullion producer and consumer more influence over
pricing.
No one – as usual – saw it coming.
Greece embarked on capital controls as talks over the weekend between
Tsipras’ leftist government and foreign lenders fell apart.
If Europe is going to stop its bailout program for Greece in order to
humiliate the country’s government, a question remains open whether
Athens needs such a Europe, Greek Finance Minister Yanis Varoufakis said
in an interview with the German newspaper Bild.
There’s something fundamentally wrong with U.S. foreign policy.
As he seeks to push his controversial vaccine bill through another
committee vote Wednesday, Sen. Richard Pan, D-Sacramento, is expected to
confront a legion of even more determined opponents than he witnessed
last week when Senate Bill 277 cleared its first hurdle.![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tRNBXF7FfKgqNHyR3FnvgE6HWxahpJZ0IU--FcTV3oINAw0zk1X9fArlj-gM6NxU1VRnDL6Jqk5BVxaybTsAgbXcqMbtOOHrPxm6XzF7v3cos2zb_OpcIPXpkK-dorGCleMQ=s0-d)
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