Oct 30

Flashback.



Nov 25, 2011

Conspiracy Con 2002, Marriott Hotel Santa Clara CA, May 26, 2002

Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,

Oct 28

Related info:

- Sikorski U-turn: Polish ex-FM backtracks on scandalous ‘divide Ukraine’ claim:

Radoslaw Sikorski — the speaker of the Polish Parliament and that nation’s former foreign minister — was forced to apologize after claiming that he overheard Vladimir Putin in 2008 suggest that Ukraine should be divided between Russia and Poland.

A bombshell report published by Politico Magazine over the weekend called “Putin’s Coup” alleged that Sikorski heard that the Russian president told Donald Tusk, then the Polish prime minister, that Poland should “become participants in the divide of Ukraine” during a Polish delegation’s 2008 visit to Moscow.

“He wanted us to become participants in this partition of Ukraine… This was one of the first things that Putin said to my prime minister, Donald Tusk, when he visited Moscow,” Politico’s Ben Judah quoted Sikorski as saying following an interview that formed the basis of the Sunday article.


Polands Defence Minister Tomasz Siemoniak

- Poland to move thousands of troops to border with Ukraine (RT, Oct 27, 2014):

Warsaw has decided to relocate troops from the west of the country towards its eastern border due to “the biggest security crisis since the Cold War.” It is a major realignment of the military structure, Poland’s defense minister told the AP.

“The geopolitical situation has changed, we have the biggest crisis of security since the Cold War and we must draw conclusions from that,” Poland’s Defense Minister Tomasz Siemoniak told The Associated Press on Monday.

He explained that the number of troops stationed at three military bases in the east will triple in two years. Siemoniak added that the quantity of military hardware stationed at the bases will also be increased. Continue reading »

Tags: , , , , , , , , ,

Oct 28

- When Stress Tests Fail – Italian Banks Are Collapsing (ZeroHedge, Oct 27, 2014):

Despite the ban on short-sales – which has never worked in the past to do anything but instil fear in traders’ holding long positions – Italian banks are in free-fall following the utter failure of Draghi’s stress tests to encourage confidence in the European banking system.

  • INTESA, UBI, UNICREDIT, MONTE PASCHI SUSPENDED IN MILAN, LIMIT DOWN

Given the post-“whatever-it-takes” world of domestic sovereign bond-buying, it is no surprise that Italian govvie risk is jumping higher and the FTSEMIB is plunging.

“A relief rally would not be justified,” said Michael Woischneck, a portfolio manager at Lampe Asset Management in Dusseldorf, Germany. “There are still a lot of problems to fix, and Italian banks still have a lot of work to do. Even for the banks that passed, what is there to be relieved about? They still have to find a business model and figure out how to get unanswered questions that a stress test just cannot answer.”

Tags: , , , , , , , , , ,

Oct 28

Hungarians revolt against internet tax

- Hungarians revolt against internet tax (PHOTOS, VIDEO) (RT, Oct 27, 2014):

Furious with the government plan to impose tax on Internet data traffic, thousands of Hungarians rallied in front of the Economy Ministry in Budapest to protect the freedom of the internet from the ‘anti-democratic’ measure.

Tens of thousands gathered in front of the Economy Ministry building on Sunday, urging the politicians to scrap the plan that will see internet service providers (ISPs) pay 150 forints ($0.62) for every gigabyte of data traffic transferred over their networks.

Although the draft suggests that ISPs would be able to offset corporate income tax against the new levy, the protesters believe that eventually the new tax burden will end up pinned on common users. The Association of IT, Telecommunications and Electronics Companies has already said the tax would force them to raise prices, Reuters reports.

Tags: , , , , , , , , ,

Oct 27

One can’t make this up:

The scenario of deflation is not there because indeed we don’t consider that deflation is going to happen.”
- Vítor Constâncio, Vice-President of the ECB


- The Chart That Crushes All Credibility Of The ECB’s Latest Stress Test (ZeroHedge, Oct 26, 2014):

While we would be the last to comment on the ECB’s laughable forecasting capabilities, we do have to note that there is a bit of a disconnect between the ECB’s projections of Eurozone inflation for 2014, 2015 and 2016 as presented in its March, June and September meetings

ECB inflation forecast history

… and what the market is currently anticipating based on 5Y5Y forwards which as we noted two weeks ago, recently hit an all time low.

20141009_infl

The reason we bring this up, is because just after the latest “most serious, most confidence inspiring” stress test was revealed, that perpetual troublemaker, the head of Germany’s IFO Institute, Hans-Werner Sinn, who relentlessly refuses to drink the European Kool Aid, pointed out something rather stunning. According to Bloomberg, in an emailed statement, Sinn said that “ECB avoided modelling a deflation scenario for southern Europe which explains why the capital shortfall was so small for many banks.” Continue reading »

Tags: , , , , ,

Oct 27

- ECB Announces Stress Test Results: Here Are The 25 Banks That Failed (ZeroHedge, Oct 26, 2014):

As was leaked on Friday, when the market surged on news that some 25 banks would fail the ECB’s third stress test (because in the New Normal more bank failures means more bailouts, means the richer get richest, means more wealth inequality), so moments ago the ECB reported that, indeed, some 25 banks failed the European Central Bank’s third attempt at collective confidence building and redrawing of a reality in which there is about €1 trillion in European NPLs, also known as the stress test.

The ECB’s results as summarized by the central bank: Continue reading »

Tags: , , , ,

Oct 27

FYI.


- French “hate speech” lawsuit leading to worldwide online censorship (The Realist Report, Oct 26, 2014):

A little over a year after a French court forced Twitter to remove some anti-Semitic content, experts say the ruling has had a ripple effect, leading other Internet companies to act more aggressively against hate speech in an effort to avoid lawsuits. Continue reading »

Tags: , , , , , , , ,

Oct 26

“Whatever We Decide Is A Disaster For Us” France Admits Putin Is Winning, Europe “Blinked” (ZeroHedge, Oct 25, 2014):

While the analogy of Vladimir Putin playing geopolitical chess (while the rest of the world plays checkers) has been a popular one, the French ambassador Gerard Araud has a different – somewhat stunningly honest  – persepctive: Putin “is more a poker player really, putting all the money on the table; saying, ‘Do the same’ and of course we blink. We don’t do the same.”As Bloomberg reports, Araud goes on to express entirely un-Juncker-like, how Putin has outmaneuvered his opponents and humiliated Ukraine. Simply put, he adds, the Russian president “has won because we were not ready to die for Ukraine, while apparently he was,” leaving the ominous question, “when is Putin going to stop? Whatever we decide is a disaster for us.”

As Bloomberg reports, Continue reading »

Tags: , , , , , , ,

Oct 26

Hundreds of thousands rally in Rome in protest over ‘anti-job’ reforms (PHOTOS) (RT, Oct 25, 2014):

Protesters from all over Italy have packed the streets of Rome to express their anger at labor market reforms, one of the main building blocks of the government of Prime Minister Matteo Renzi’s policy.

Up to 1 million people flooded the streets of the Italian capital, the organizers of the rally said. Up to 300,000 more participants were set to arrive in Rome throughout the day to take part in the protests, including a boat and two chartered planes from Sardinia.

Tags: , , , , , , , ,

Oct 25

- French Unemployed Hits Record High, Hollande Demands EU Budget “Must Be Adapted” (ZeroHedge, Oct 24, 2014):

France’s President Francois Hollande states confidently that “everyone should respeoct treaties,” then ‘Junckers’ it with this stunningly hypocritical bullshit, “budget rules must be adapted” to support growth and France “has done what it has to do” on its deficit… one glance at the following chart suggests that Hollande has done nothing and has been enabled by Draghi… What a farce!!

French Unemployed Hits Record High

So:

  • *HOLLANDE SAYS `EVERYONE’ SHOULD RESPECT TREATIES
  • *HOLLANDE SAYS FRANCE RESPECTS DEFICIT TREATY WITH FLEXIBILITY

But: Continue reading »

Tags: , , , , , , ,

Oct 24

- The Parrot Is Finally Dead: The Economist Does It Again (ZeroHedge, Oct 23, 2014):

With its latest “coverage” of the European economy, the Economist may have finally jumped the parrot.

The Economist - Europe's Economy

Hm, where else have we heard the “it’s only resting” excuse? Oh yes, Mr Panos of course. Continue reading »

Tags: , , , , ,

Oct 24

Related info:

- Dr. Paul Craig Roberts – Russian Foreign Minister Lavrov Speaks To The World (Complete English Transcript):

Dear Readers, I now have for you the complete English transcript of Russian Foreign Minister Sergey Lavrov’s speech to the United Nations. Lavrov’s speech, together with President Putin’s remarks in his Serbian press conference (excerpts posted on this site) clearly indicate that the moral leader of the world is Russia, not Washington.

- Sergei Lavrov’s Speech At The United Nations General Assembly (Video)


- George Soros Slams Putin, Warns Of “Existential Threat” From Russia, Demands $20 Billion From IMF In “Russia War Effort” (ZeroHedge, Oct 23, 2014):

If even George Soros is getting concerned and writing Op-Eds, then Putin must be truly winning.

george-soros

Here are the highlights from what the Open Society founder has to say about the “existential” Russian threat in a just released Op-Ed: Continue reading »

Tags: , , , , , , , , , ,

Oct 24

- Central Banker Admits Central Bank Policy Leads To Wealth Inequality (ZeroHedge, Oct 22, 2014):

Six years after QE started, and just about the time when we for the first time said that the primary consequence of QE would be unprecedented wealth and class inequality (in addition to fiat collapse, even if that particular bridge has not yet been crossed), even the central banks themselves – the very institutions that unleashed QE – are now admitting that the record wealth disparity in the world – surpassing that of the Great Depression and even pre-French revolution France - is caused by “monetary policy”, i.e., QE.

Case in point, during the Keynote speech by Yves Mersch, ECB executive board member, in Zurich on 17 October 2014 titled “Monetary policy and economic inequality” he said: Continue reading »

Tags: , , , ,

Oct 23

 – Equity Levitation Stumbles After Second ECB Denial Of Corporate Bond Buying, Report Of 11 Stress Test Failures (ZeroHedge, Oct 22, 2014):

A day after a Reuters headline blast proclaimed that, in a stunning turn of events, the ECB which has barely started buying covered bond (of countries like Germany today for example, because the record low yielding Bunds clearly need help from the ECB) will also buy corporate bonds, sending the stock market soaring the most in 2014, it has now backtracked for the second time, and following a report from the FT yesterday which denied the report, the second denial came straight from Reuters itself which hours ago said that the ECB “has no concrete plans to buy corporate bonds, but this could be a way to prevent the bank from paying too much for just covered bonds and asset backed securities, ECB governing council member Luc Coene told Belgian media.” Continue reading »

Tags: , , , , , , ,

Oct 23

- Someone Didn’t Do The Math On The ECB’s Corporate Bond Purchasing “Trial Balloon” (ZeroHedge, Oct 22, 2014):

In other words, the “mega-leak” from the ECB will hardly scratch the surface in terms of the required liquidity injections, and certainly will be insufficient if at some point in the coming year, the BOJ finds it too has run out of collateral and is forced to wind down its own QE.

So after actually doing the math we wonder: how long before the market realizes Draghi’s latest bazooka was another water pistol, and how long until Reuters is forced to go with the nuclear leak – that the ECB is now considering monetizing ETFs and, gasp, stocks.

Because that, ladies and gentlemen, is the endgame here.

Tags: , , , , , , ,

Oct 22

- Battleships And Helicopters Join Hunt For Missing Submarine: Sweden Prepares To “Use Weapons To Surface Sub” (ZeroHedge, Oct 21, 2014):

Sweden’s military has announced that if it finds a suspect foreign vessel in the Stockholm archipelago, it is prepared to force it to the surface “with weapons if necessary”. “Our aim now is to force whatever it is up to the surface… with armed force, if necessary,” he added. He added that submarines are “extremely difficult” to find, and that Sweden has never succeeded in the past when it came to tracking them down. “And no one else has either,” he added.  If the sub is indeed Russian, it would be quite a hit for Sweden, which in more than a decade of hunting Russian U-boats in the 1980s and early nineties, never succeeded in capturing one, except in 1981 when the U137 ran aground several miles from one of Sweden’s largest naval bases, triggering an embarrassing diplomatic stand-off for Russia.

Tags: , , , , , ,

Oct 22

- Germany’s Merkel Agrees with ‘Angry’ Slovak Leader that Ukraine Bums EU to Pay for Russian Gas (Washington’s Blog, Oct 21, 2014):

But Merkel says EU taxpayers will have to subsidize Ukraine.

On October 21st, the German Economic News  headlined (as translated), “Merkel: EU Taxpayers Should Finance Debt of Ukraine,” and reported that, “Angela Merkel visited [Slovakia's Prime Minister] Robert Fico on Monday [in the Slovak capital of Bratislava]. Both leaders demand that Kiev should take more responsibility,” and not push the EU to pay Ukraine’s past-due gas bills from Russia’s Gazprom. Continue reading »

Tags: , , , , , , ,

Oct 21

- Living The Grecovery Dream: Two Jobless Parents, Two Kids, One Cat All Living In A Car (ZeroHedge, Oct 20, 2014):

Squeezed between steering wheel, handbrake, door and dashboard, Katerina reads in her history book, takes notes for school. Next to her, on the driver’s seat, cat Eddy stares right in the camera lens. It may look like a cute snapshot on a sunny day, if it wasn’t for a sad detail: a withering spring stuck in a roll of toilet paper.  A distinctive memory of a former normal life that turned into a grim reality for a family of four.

At night the seat where Katerina sits during the day turns into a bed for her sister Fay. Cat Eddy cuddles with Katerina on the back seat. Father Nikos and mother Maria sleep in shifts on the driver’s seat. When the one parent is in the car, the other spends the night on a bench of the park where the car has been parked, on a side road of Irakleio suburb of West Athens. “It’s dangerous when it gets dark,” Maria says “we have to watch out.”

Tags: , , , , , ,

Oct 21

- Mysterious ‘Russian sub’ off Sweden may be Dutch – Defense Ministry source (RT, Oct 20, 2014): 

Swedish authorities reportedly searching for a Russian submarine in its waters are probably looking in the wrong direction. The sub is probably Dutch, a source in the Russian Defense Ministry told RT.

Earlier Swedish media reported that the nation’s navy is looking for a submarine in the Baltic Sea, possibly belonging to Russia.

Russia said there was no substance in reports of the Russian connection in the story. Continue reading »

Tags: , , , , , , ,

Oct 20

- ​Sweden deploys troops near Stockholm due to alleged underwater threat (RT, Oct 18, 2014):

Sweden’s armed forces have deployed planes and ships in the waters near the country’s capital due to possible “foreign underwater activity” in the Stockholm archipelago, said the country’s military.

The counter-intelligence operation was carried on Friday night and will continue all Saturday, the country’s military said.

“This will continue until we consider that we are done,” Jesper Tengroth, press officer for the Swedish army, told Swedish TT news agency, as cited by The Local. Continue reading »

Tags: , , , , , ,

Oct 20

euro-collapse

- Europe’s Fatal Flaw Laid Bare For All To See. Again. (The Automatic Earth, Oct , Oct 17, 2014):

markets, at the end of last week, sort of refound their – shaky – feet, oil up a dollar, EU exchanges up 3% or so, Greece even up over 7%, while interestingly gold didn’t move much at all during the wild week (no safe haven), and most movement was perhaps, through all the see-saw, in bonds. To sum up the week: panic followed by plunge protection teams. And now the ‘leaders’ hope plunge protection will save another day too.

And they may. Germany sinks a bit, but Germany is strong. US housing is at least not falling further, but US consumer spending stalls and drops. The deep dark weakness has not yet hit the big economies. But the nerves are back. Volatility is back with a vengeance. As it should. And that will paint the picture going forward, plunge protection or not. Da markets will come again and again and dare central banks to plunge protect. Continue reading »

Tags: , , , , , , , , ,

Oct 19

- Kudos To Herr Weidmann For Uttering Three Truths In One Speech (David Stockman’s Contra Corner, Oct 17, 2014):

Once in a blue moon officials commit truth in public, but the intrepid leader of Germany’s central bank has delivered a speech which let’s loose of three of them in a single go. Speaking at a conference in Riga, Latvia, Jens Weidmann put the kibosh on QE, low-flation and central bank interference in pricing of risky assets.

These days the Keynesian chorus in favor of policy activism is so boisterous that a succinct statement to the contrary rarely gets through – especially at Rupert Murdoch’s Wall Street yarn factory. But here’s what penetrated even Brian Blackstone’s filters:

“The biggest bottleneck for growth in the euro area is not monetary policy, nor is it the lack of fiscal stimulus: it is the structural barriers that impede competition, innovation and productivity,” he said.

Continue reading »

Tags: , , , , , , , , , , , , , ,

Oct 18

- Strange Liaisons? Putin Visits Berlusconi’s Home At 3am After Warning Merkel Of Gas Squeeze (ZeroHedge, Oct 17, 2014):

It appears Bunga-Bunga boy still has something to offer the international elite. After a lengthy meeting with Germany’s Angela Merkel (at a hotel in Milan) where Putin warned of “big transit risks” in delivery of Europe’s gas as Ukraine is “starting to siphon off our gas from the export pipeline,” and threatening to respond by “reducing flows by the amount stolen;” Putin decided the place to be was 78-year-old Berlusconi’s house at 3am. Finally, it is worth noting that Ukraine’s President Poroshenko was scheduled to meet with Frau Merkel this morning – we assume to plead his case for why gas transit should flow through his nation (and beg for some more support).

As Bloomberg reports, Continue reading »

Tags: , , , , , , , , , ,

Oct 18

One reader at RT commented:

“Swiss is quickly becoming an oasis in the vast desertification of eurozone.”

… but only an oasis for the rich and powerful, …

… at least that is what reports that are coming in on my end tell me.

I’ve also been told that you cannot go there anymore, because it simply has become far to expensive.

Will Switzerland be (again) a refuge for elite when the financial collapse (and WW3) will take place?


Switzerland

- Switzerland cuts growth forecast, blames slowing Europe & geopolitical crisis (RT, Oct 16, 2014):

Even the Swiss economy isn’t immune to the “fragile and vulnerable eurozone” and has cut growth forecasts for this year and next. The government points its finger at weak exports to Germany and geopolitical crisis in Ukraine and the Middle East.

The Swiss government has cut back its GDP expectation to 1.8 percent from 2.0 percent growth in 2014, the second revision this year, the State Secretariat for Economics (SECO) said in a statement Thursday. Continue reading »

Tags: , , , , ,

Oct 17

- Putin: If Ukraine siphons gas from pipeline, Russia will reduce Europe supplies (RT, Oct 16, 2014):

Moscow will reduce gas supplies if Kiev starts siphoning deliveries destined for Europe, said Russia’s President Vladimir Putin during a visit to Serbia.

“There are large transit risks. If we see that our Ukrainian partners start illegally taking our gas from the export pipeline as it was in 2008, we will equally reduce the amount of supply as happened in 2008,” warned Putin on Thursday at a news conference in Belgrade, stressing he was “hopeful” it would not come to that.

However, the Russian president pledged that Moscow will supply enough gas to Europe this winter.

“I can tell you for sure, and I am saying with absolute responsibility, there will be no crisis in Europe due to the fault of Russian participants in energy cooperation,” Putin stressed.

“Russia has always been a reliable supplier, we have enough resources.” Continue reading »

Tags: , , , , , , ,

Oct 16

- European Stocks Plunge, Enter Correction (-11% From Record Highs) (ZeroHedge, Oct 15, 2014):

Greece (-6.5% today), Italy (-4.4%), Spain (-3.6%), and Portugal (-3.2%) all saw major stock price collapses today dragging the broad European Stoxx 600 index down 11.4% from its highs just 18 days ago… All European stock indices are now red for 2014

20141015_EUEOD

All European national stock indices are red YTD… Continue reading »

Tags: , , , , ,

Oct 16

Greece Is Crashing (ZeroHedge, Oct 15, 2014):

As we explained in detail yesterday, between governments hopes to exit the bailout program early (in order to save their election) – which the market does not like the idea of – and fears over the reality of OMT, Greek markets are tumbling. Greek stocks are down over 9% – the biggest plunge in 6 years and bond yields are surging… it appears the market is demanding Draghi get back to work as the “whatever it takes” gains have been halved (Greek stocks -35% from March 2014 highs). Continue reading »

Tags: , , , , ,

Oct 16

US, European Stocks Collapse As Oil Tests $80 Handle, 10Y Hits 2.15% (ZeroHedge, Oct 15, 2014):

Blood in the leveraged momo streets. Nikkei was crushed overenight as USDJPY could not hold 107. European stock indices are tumbling led by weakness in Spain, Portugal, and Italy. The peripheral bond markets are also getting crushed (spreads wider by 15-20bps). This has bled over into US equities with Nasdaq leading the way lower. Treasury yields are collapsing (10Y tests below 2.15%). The USD is modestly lower but oil is continuing to collapse testing the $80 handle for WTI. Continue reading »

Tags: , , ,

Oct 16

Reality is still the same, only the GDP figures are different.

Mission accomplished!


hookers-drugs-italy-recession

- Sex, drugs and…Hookers and dope bring Italy out of recession (RT, Oct 15, 2014):

Illegal economic activities such as drugs and prostitution are apparently responsible for having lifted Italy out of economic recession. EU data calculations have demonstrated that the black market has significantly boosted GDP figures.

Italy is technically no longer in economic recession because of the addition of figures from illegal activities.

Continue reading »

Tags: , , , , , , , , ,

Oct 16

- Experts Slam Inconclusive German Glyphosate Risk Assessment (Sustainable Pulse, Oct 10, 2014)

Tags: , , , , , , ,