Jul 03

“Greek banks are preparing contingency plans for a possible “bail-in” of depositors amid fears. The plans, which call for a “haircut” of at least 30 per cent on deposits above €8,000, sketch out an increasingly likely scenario for at least one bank, the sources said.”


Bank-robbery

Greek Banks Considering 30% Haircut On Deposits Over €8,000: FT (ZeroHedge, July 3, 2015):

Last week in “For Greeks, The Nightmare Is Just Beginning: Here Come The Depositor Haircuts,” we warned that a Cyprus-style bail-in of Greek depositors may be imminent given the acute cash crunch that has brought the Greek banking sector to its knees and forced the Greek government to implement capital controls in a futile attempt to stem the flow. Continue reading »

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Jul 03

Greece Has Spent A Half-Century In Default Or Restructuring (ZeroHedge, July 3, 2015):

On Thursday, we highlighted the pitiable plight of Greek businesses which, facing an acute cash crunch and suppliers unwilling to provide credit ahead of the country’s weekend referendum, are being forced to close the doors.

The country’s banks are set to run out of physical banknotes “in a matter of days” according to a “person familiar with the situation” who spoke to WSJ and Constantine Michalos, the president of the Athens Chamber of Commerce, fears the country’s stock of imported goods will only last for two or three more weeks.

Meanwhile, Greeks have resorted to scavenging for food and picking through dustbins for scrap metal and as we noted on Wednesday, this is hardly a recent development in Greece. High unemployment has plagued the country for years , becoming endemic and relegating many Greeks to a life of perpetual and severe economic hardship. Continue reading »

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Jul 03

Egypt on the edge of a full blown civil war. (Gefira, Junly 1, 2015):

In the last few days there were dozens of separate attacks in Egypt from the Sinai up to Cairo. Probably more than 60 people died while the Egyptian army used F16 attack plains to protect itself against it disgruntled population.It is clear that the Egyptian rulers will not be able to contain the current situation, today could be marked as the start of Egypt’s civil war.

Democratic elected governments were violently overthrown, in Algeria, Egypt and  Palestinian territories. In Algeria the FIS  had won the first held elections with a convincing majority in 1990 and 1992. It has been removed from power in 1992 by a coup d’etat that was highly approved by the West. Probably 150.000 people died in the civil war that followed these events up. Continue reading »

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Jul 03

obama-angry

Barack Obama Tells Another Whopper – He Did Not Create 12.8 Million Jobs (ZeroHedge, July 3, 2015):

America is better off when President Obama is out on the stump bloviating and boasting rather than in Washington actively doing harm. But the whoppers he just told the students at the University of Wisconsin are beyond the pale. Said our spinmeister-in-chief: “And the unemployment rate is now down to 5.3 percent. (Applause.) Keep in mind, when I came into office it was hovering around 10 percent. All told, we’ve now seen 64 straight months of private sector job growth, which is a new record — (applause) — new record — 12.8 million new jobs all told.” That’s a pack of context-free factoids.

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Jul 03

… at this very moment, politicians from Spain’s Podemos to Italy Five Star movement are drafting memos demanding that the IMF evaluate their own debt sustainability. Or rather unsustainability.


Did The IMF Just Open Pandora’s Box? (ZeroHedge, July 3, 2015):

By now it should be clear to all that the only reason why Germany has been so steadfast in its negotiating stance with Greece is because it knows very well that if it concedes to a public debt reduction (as opposed to haircut on debt held mostly by private entities such as hedge funds which already happened in 2012), then the rest of the PIIGS will come pouring in: first Italy, then Spain, then Portugal, then Ireland. Continue reading »

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Jul 03

NSA Leak Reveals Both Merkel And Schauble Saw Greek Debt As Unsustainable Even After Haircut (ZeroHedge, July 3, 2015):

Several days ago, we posted a NSA cable leaked by Wikileaks, in which then French finance minister Moscovici (currently a European commissioner) was admitted that the French economic situation was “worse than anyone [could] imagine and drastic measures [would] have to be taken in the next two years.” It has not improved since then.

Overnight, in another perhaps even more relevant to the current quagmire in Greece leak, Wikileaks has released another intercepted NSA communication between German Chancellor Angela Merkel and her personal assistant reveals that not only Merkel, but Schauble, were well aware that even with a debt haircut (which took place in 2012 but only for private creditors and whose impact was promptly countered with the debt from the second bailout) Greek debt would be unsustainable. Technically, she did not use that word: she said that “Athens would be unable to overcome its problems even with an additional haircut, since it would not be able to handle the remaining debt.” Continue reading »

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Jul 03

The Troika Turns Europe Into A Warzone (The Automatic Earth, July 3, 2015):

So now they do it. Now the IMF comes out with a report that says Greece needs hefty debt restructuring.

Mind you, their numbers are still way off the mark, in the end it’s going to be easily double what they claim. Not even a Yanis Varoufakis haircut will do the trick.

But at least they now have preliminary numbers out. The reason why they have is inevitably linked to the press leak I wrote about earlier this week in Troika Documents Say Greece Needs Huge Debt Relief. If that hadn’t come out, I’m betting they would still not have said a thing.

It’s even been clear for many years to the IMF that debt restructuring for Greece is badly needed, but Lagarde and her troops have come to the Athens talks with an agenda, and stonewalled their own researchers. Continue reading »

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Jul 03

Jim-Carrey

Jim Carrey blasts Jerry Brown as a ‘corporate fascist’ for signing mandatory vaccination law (Natural News, July 2, 2015):

Actor and comedian Jim Carrey has some strong words for California Gov. Jerry Brown: “corporate fascist.”

In a major Twitter rant, Carrey – a Golden Globe winner – slammed Brown on Twitter, labeling him a “corporate fascist” who was poisoning children by signing into law the vaccination requirements, the Los Angeles Times and The Hollywood Reporter (THR) noted.

“California Gov says yes to poisoning more children with mercury and aluminum in [mandatory] vaccines,” he said. “This corporate fascist must be stopped.” Continue reading »

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Jul 03

Greek solidarity protests across Europe ahead of referendum LIVE UPDATES (RT, July 3, 2015):

Thousands of protesters in European cities are rallying in solidarity with Greece ahead of the weekend referendum on a cash-for-reform deal with creditors.

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Jul 03

‘Grassroots movement working': Bernie Sanders gains on the Clinton machine (Guardian, July 3, 2015):

The Vermont senator is winning over progressive voters and has raised millions in small donations. Could this underdog campaign have a fighting chance?

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Jul 03

Bees-Hive-Honey-Comb

100,000 beekeepers urge Germany to ban GMOs as biotech industry destroys their livelihood and environment (Natural News, July 2, 2015):

Nearly 100,000 German beekeepers are calling for a nationwide ban on the cultivation of GMO crops. The beekeepers are represented by the German Beekeepers Association (DIB), which is pursuing the ban after the introduction of legislation allowing member states to opt out of GM planting schemes that have been approved at the EU level.

The new law allows a member state to ban GMO agriculture in all or part of its territory. The legislation is strongly opposed by GM proponents and has become a controversial issue throughout the EU.
Continue reading »

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Jul 03

FYI.


pedophile

Gays Rights May Open Door for Pedophile Rights (Infowars, July 2, 2015):

Democrats have attempted to normalize pedophilia as a sexual orientation

A recent Supreme Court ruling on same-sex marriage may soon allow pedophiles to argue they are suffering discrimination.

“Using the same tactics used by ‘gay’ rights activists, pedophiles have begun to seek similar status arguing their desire for children is a sexual orientation no different than heterosexual or homosexuals,” writes Jack Minor for the Northern Colorado Gazette.

Minor notes that “psychiatrists are now beginning to advocate redefining pedophilia in the same way homosexuality was redefined several years ago.” Continue reading »

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Jul 03

I wouldn’t hold my breath.


EXCLUSIVE: Why SB 277 will totally backfire on the vaccine industry and uncover the truth about vaccine science fraud (Natural News, July 2, 2015):

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Jul 03

false-flag-2

FALSE FLAG ALERT: Craigslist Ad Asking for CRISIS ACTORS in Houston For JULY 4th (The Daily Sheeple, June 20, 2014):

UPDATE: Craigslist has removed this post since publishing as this story has gotten national attention.

* * *

In a Craigslist ad posted about 17 days ago, our Federal Government is looking for crisis actors for July 4th through July 6th.

“We are looking for crisis actors for a government emergency drill between July 4-6th. Actors will be responsible for portraying different emergency scenarios in a simulated government terror drill. No experience is needed. Confidentiality agreements are required. Pay is $200. Please message for details.” ~Houston Craigslist Continue reading »

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Jul 02

EU Parliament President Tells Greece:Time For Another Puppet Government (ZeroHedge, July 2, 2015):

European Parliament president Martin Schulz said his faith in the Greek government had reached “rock bottom,” and, as AFP reports, that he hopes it resigns after Sunday’s referendum. Luckily, he has an idea for a solution… the time between the departure of Tsipras’ hard-left Syriza party and new elections would have to “be bridged with a technocratic government, so that we can continue to negotiate.”

As AFP reports,

Schulz on Thursday told German Handelsblatt business daily that “new elections would be necessary if the Greek people vote for the reform programme and thus for remaining in the eurozone and Tsipras, as a logical consequence, resigns.” Continue reading »

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Jul 02

Welcome to the recovery!


Americans Not In The Labor Force Soar By 640,000 To Record 93.6 Million; Participation Rate Drops To 1977 Levels (ZeroHedge, July 2, 2015):

The devastation of the US labor force continues.

In what was an “unambiguously” unpleasant June jobs payrolls report, with both April and May jobs revised lower, the fact that the number of Americans not in the labor force soared once again, this time by a whopping 640,000 or the most since April 2014 to a record 93.6 million, with the result being a participation rate of 62.6 or where itt was in September 1977, will merely catalyze even more upside to the so called “market” which continues to reflect nothing but central bank liquidity, and thus – the accelerating deterioration of the broader economy.

Labor Force_1

End result: with the civilian employment to population ratio dropping from last month to 59.3%, one can easily on the chart below why there will be no broad wage growth any time soon, which will merely allow the Fed to engage in its failed policies for a long, long time. Continue reading »

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Jul 02


May 4, 2015

Description:

Want to know what happens in your body when you switch from eating conventional food to organic? Watch this! The study was conducted by the Swedish Environmental Research Institute IVL, and the full report is available here: https://www.coop.se/organiceffect

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Read the report from IVL, the Swedish Environmental Research Institute here: PDF

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Jul 02

sarah-connor-robot-incident

Internet goes mad as Sarah O’Connor tweets news about killer robot at VW plant

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H/t reader squodgy:

“Whoops……..what could possibly go wrong……….just went wrong……….”

Terminator

It begins…


Robot kills a man at Volkswagen plant (RT, July 2, 2015):

A machine on an assembly line grabbed a worker and thrust him against a metal slab, causing lethal injuries.

Robot Kills Worker At German Car Factory (Liberty Blitzkrieg, July 2,  2015):

 

Robot kills a man at Volkswagen plant

Here’s an interesting story I came across last night. From the Guardian:

A robot has killed a contractor at one of Volkswagen’s production plants in Germany, the automaker has said.

The man died on Monday at the plant in Baunatal, about 100km (62 miles) north of Frankfurt, VW spokesman Heiko Hillwig said.

The 22-year-old was part of a team that was setting up the stationary robot when it grabbed and crushed him against a metal plate, Hillwig said. Continue reading »

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Jul 02

Euro-QE

Goldman “Conspiracy Theory” Validated As ECB Expands QE Program (ZeroHedge, July 2, 2015):

The ECB has expanded the list of SSA securities eligible for purchase under PSPP. The updated list includes:  Continue reading »

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Jul 02

And the FBI should know:

Video: “The FBI is Responsible for More Terrorism Plots In the United States Than Any Other Organization. More Than Al Qaeda, More Than Al Shabaab, More Than the Islamic State, More Than All Of Them Combined”

Terrorism Manufactured By The FBI (Video)


Report: FBI Agents Telling Friends & Family To ‘Avoid July 4 Celebrations’ (SHFTplan, July 1, 2015):

Following warnings by the federal government that terrorists may be planning to attack Independence Day events, FBI agents are reportedly telling friends and family members to avoid major July 4 celebrations.

Gateway Pundit’s Jim Hoft cites an “inside source” who told him that, “FBI agents are telling their friends and family members to avoid “official celebrations.”

Hoft also claims that the FBI has canceled vacation for all its agents for the duration of the weekend. Continue reading »

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