Jul 05

acropolis now

Greece Contemplates Nuclear Options: May Print Euros, Launch Parallel Currency, Nationalize Banks (ZeroHedge, July 5, 2015):

As we said earlier today, following today’s dramatic referendum result the Greeks may have burned all symbolic bridges with the Eurozone. However, there still is one key link: the insolvent Greek banks’ reliance on the ECB’s goodwill via the ELA. While we have explained countless times that even a modest ELA collateral haircut would lead to prompt depositor bail-ins, here is DB’s George Saravelos with a simplified version of the potential worst case for Greece in the coming days: Continue reading »

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Jul 05


Jul 4, 2015

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Jul 04

WeekInChinaStocks

China Scrambles to Put Plunge Protection Team Together: Banks Pledge Support For Crashing Market (ZeroHedge, July 4, 2015):

China has moved in the direction of direct intervention in its flagging equity markets, although it appears Beijing will try to orchestrate a “private” sector (whatever that means in China) solution first before going the nuclear route with the central bank’s balance sheet. As Bloomberg reports, the country’s largest brokerages are teaming up to invest nearly $20 billion in “blue chip” Chinese equities.

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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

Since 2007 The US Has Lost 1.4 Million Manufacturers, Gained 1.4 Million Waiters And Bartenders (ZeroHedge, July 2, 2015):

Presented without comment.

Mfg workers vs waiters_0

* December 2007 is when, according to the NBER, the recession started. The same recession which also according to the NBER ended precisely 6 years ago.

 

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Jul 02

Part-Time Jobs Surge By 161,000; Full-Time Jobs Tumble By 349,000 (ZeroHedge, July 2, 2015):

The composition of the US labor force once again deteriorated rapidly with part-time jobs added in June surging by 161,000 while the number of full time jobs tumbled by 349,000.

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Jul 02

Factory Orders Scream Recession: Annual Drop Biggest Since 2008  (ZeroHedge, July 2, 2015):

This has never happened outside of recession… Year-over-year, factory orders dropped 6.3% (adjusted) but 8% non-adjusted, the most since the financial crisis. Against expectations of a 0.5% drop MoM, manufacturers saw new orders tumble 1.0% and previous months were revised dramatically lower. Factory orders has now missed 10 of the last 11 months.

 

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Jul 01

NikosP
Nikos Polonos, 55

Desperate Greeks Resort To Scavenging Through Garbage To Find Food (ZeroHedge, July 1, 2015):

Earlier today we documented the “heartbreaking” plight of Greece’s retirees who have been reduced to lining up in front of Greek banks hoping for a chance to collect a portion of their pensions. Some went away empty handed (there were reports that only those whose last names began with “A” through “K” were paid on Wednesday) and those who did manage to leave with cash were only allowed to access a third of their usual payouts.

This comes as Greeks may (and we emphasize “may”, because nothing is certain and the Greek government has bent over backwards to claim that deposits are “safe”) face a Cyprus-like depositor bail-in in the weeks ahead.  Continue reading »

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Jul 01

europe-the-final-countdown


Europe’s Controlled Demolition (Tha Automatic Earth, June 30, 2015):

I have plenty to say on the topic of this essay. But the most important thing I think is that I know the EU is blowing up itself by trying to exert far too much influence on the very member nations that made its existence possible. Brussels is a blind city. To see it blowing itself to smithereens makes me very happy.

The flipside is that it will take a lot of pain, and probably even the very wars the EU was originally founded to prevent, to figuratively burn it to the ground. But that, if you’ll allow me, is for another day: Continue reading »

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Jul 01

All of this is NOT just caused by greed, ignorance and stupidity.

This has all been planned by …

Rothschild

The History of the House of Rothschild

And the Obama, Merkel, Cameron and Hollande kangaroos are just doing what they are told to do by TPTB.



19.06.2015

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Jun 30

20150629_china_1

–  Strap In! China Is Crashing Again (ZeroHedge, June 29, 2015):

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.

china-crash

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Jun 30

France-Time-Bomb

French Economy In “Dire Straits”, “Worse Than Anyone Can Imagine”, Leaked NSA Cable Reveals (ZeroHedge, June 29, 2015):

Earlier today Wikileaks released a new batch of NSA intercepts among which one in particular stands out: an intercepted communication which reveals that then French Finance Minister Pierre Moscovici believes the French economic situation was far worse, as of mid-2012, than perceived.

Specifically, 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”.  Continue reading »

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Jun 30

Got food & water?


supermarkets greece teaser_0

Greek Supermarkets Begin To Resemble Those Of Venezuela (ZeroHedge, June 29, 2015)

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Jun 29

America-Blue-Screen

Has America reached a ‘blue screen of death’ moment? A hard reboot now seems inevitable… (Natural News, June 27, 2015):

In just the last week alone, America’s politicians forfeited the nation’s economic future by secretly passing fast track trade authority, California lawmakers accepted bribes from Big Pharma to legalize mass medical genocide against blacks by passing the mandatory vaccination law SB 277, online retailers banned the Confederate flag while promoting Nazi symbolism, howling leftist maniacs began vandalizing historical monuments in cities like Austin Texas, the U.S. Supreme Court declared that words have no meaning in law, and Apple yanked historical Civil War games from its app store because those games showed “Confederate imagery.”

As the United States of America remains inundated with Fukushima radiation and chemtrail geoengineering experiments, it has now surpassed $18 trillion in national debt. Nearly 50 million Americans are on government food stamps, and political correctness is now so insanely absurd that the University of California has ordered its professors to avoid using “offensive” phrases like “land of opportunity.”

These are all signs that America has entered the blue screen of death phase of civilization — that “memory dump” moment when everything stops working and the computer tries to figure out what happened before suddenly rebooting to BIOS and trying to reload the operating system. Continue reading »

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Jun 29

H/t reader squodgy:

“The BANKSTERS’ BANKSTERS admit they’ve *uc#ed up” and used all their ammunition to cover up decades of incompetence and this next crash will be a Tsunami.”


bis-bank-for-international-settlements-basel-switzerland
Just another Rothschild controlled ‘bee-hive’.

Central Bank of Central Banks Says “The World is Unable to Fight Next Global Crash” (SHFTplan, June 29, 2015):

According to the Bank of International Settlements (BIS), the shadowy “central bank of central banks,” the world as it stands is incapable of combating another global financial crash – a crash that there is every reason to think is coming.

That’s because the economy remains in the hands of the Federal Reserve and other central banks. The financial wizards in THIS VIDEO went so far to say that “we are all slaves to the central banks.” It wasn’t exactly hyperbole. Continue reading »

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Jun 29


May 19, 2015

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Jun 29

European banks are suffering the exact ‘contagion’ that we were told numerous times would be contained ... led by limit down moves in Italy.


“Uncontained” – Greek Stocks Crash 17% As European Banks Plunge Most In 3 Years (ZeroHedge, June 29, 2015):

Despite the Greek stock market being closed there is an option for hedging the exposure that all the smart money has been building to Greece in the past few days – GREK – the US-trade Greek ETF. In the pre-open, GREK is trading down 17% but the problems lie ahead as more and more realize how illiquid it is and redemptions are forced to be made from ‘cash’ – since there is no way to offload the underlying Greek stocks, unless OTC trades can be arranged with other entities – which could thus expose the entire false-liquidity-facade of the ETF industry. Continue reading »

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Jun 28

Ignoring Tsipras Plea For Calm, Greeks Storm ATMs, Stores, Gas Stations (ZeroHedge, June 28, 2015): 

Just a few hours ago Greek PM Tsipras addressed his nation imploring then to “remain calm” and reassuring them that their “deposits were safe.” It appears the Greeks did not believe him. Many were wondering where the Greek bank lines were for the past several months. Turns out the local depositors were merely waiting until just after the last minute to withdraw their funds… horde gas… and stack food. Greece, it appears is Venezuela – the new socialist paradise.

Tsipras implored: “Keep Calm….”

They did not listen… Continue reading »

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Jun 28

Greece

Greek Capital Controls Begin: Greek Banks, Stock Market Will Not Open On Monday (ZeroHedge, June 28, 2015): 

Update 2: Greece’s Skai reports that if/when banks reopen (supposedly on Tuesday), a 60€ withdrawal limit will be imposed.

Update: In a televised address to the nation, Greek PM Alexis Tsipras assured Greeks that their deposits are safe despite an upcoming bank holiday and despite the fact that Greek stocks will not open for trading on Monday. Tsipras also said Athens has re-applied for a bailout extension and urged Greeks to “remain calm” in the face of what is sure to be a turbulent week.

  • GREEK PRIME MINISTER SAYS GREEK PEOPLE SHOULD REMAIN CALM
  • GREEK PM: BANK OF GREECE PROPOSED BANK TRANSACTION RESTRICTIONS
  • GREEK PRIME SAID GREECE RE-APPLIED FOR BAILOUT EXTENSION
  • GREEK PRIME MINISTER SAYS DEPOSITS ARE COMPLETELY SAFE

Earlier: Continue reading »

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Jun 28

A little under 24 hours before Europe opens for trading, and just under 12 hours before the open of equity futures, and things are not looking good.


Draghi Freezes Greek ELA, Varoufakis Tells BBC “Looking At Imposing Capital Controls, Closing Banks” (ZeroHedge, June 28, 2015)

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