Jun 17

In Furious Tirade, Citi Lashes Out At “Utterly Misguided” Central Bankers, Invokes Weimar Republic’s Von Havenstein:

In what may be merely a peculiar case of serendipity, just last night we mentioned the name of the infamous president of Weimar Republic’s Reichsbank, Rudolf von Havenstein, in the context of the BOJ’s proud announcement that it now held more than a third of all Japanese government bonds at the end of March (so even more currently).

Well, either Citi’s Gregory Marks was following our amused observation, or in an act of odd confluence of thought invoked the spirit of Rudy von Havenstein completely independently, when overnight he unleashed a furious tirade at both negative rates and “utterly misguided” central bank policies in general and negative rates in particular in “Let’s Take Stock: The Efficacy and Merit of Negative Rates.”

The full note, which is on par with Deutsche Bank’s just as angry recent rant against the ECB, is presented in its entirety below. Continue reading »

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Jun 17

It Begins: Members Of European Parliament Beg Draghi To Unleash Helicopter Money:

Remember earlier this year when Mario Draghi said that the use of helicopter money was “a very interesting concept”? If not, rest assured that 18 members of the European Parliament do.

In an open letter to ECB president Mario Draghi, 18 members of the European Parliament’s social democrat, leftwing and green groups recommended that the ECB look into the use of helicopter money and buying bonds from the European Investment Bank “as possible solutions to enhance economic development through direct spending into the real economy” the FT reports. Continue reading »

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Jun 16

Question of the Day: When Was the Last Time the Yield on German 10-Year Bonds Went Negative?:

Think back. Many readers have been trading for 10 or 20 years. A few have been trading for 30 or more years. What was it like the last time German 10-year bond yields went negative?

That is sort of a trick question. Most likely you were not alive, no matter how old you are.

As translated from Spanish, my friend Guru Huky posted the answer on his blog today: And the last time the German bond stood negative was …. surprise surprise.

German 10-Year Yield Since 1807

Hyperinflation_10YBund

Huky Comments Continue reading »

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Jun 16

NATO-Russia

NATO Says It Might Now Have Grounds to Attack Russia:

by Eric Zuesse

On Tuesday, June 14th, NATO announced that if a NATO member country becomes the victim of a cyber attack by persons in a non-NATO country such as Russia or China, then NATO’s Article V “collective defense” provision requires each NATO member country to join that NATO member country if it decides to strike back against the attacking country. The preliminary decision for this was made two years ago after Crimea abandoned Ukraine and rejoined Russia, of which it had been a part until involuntarily transferred to Ukraine by the Soviet dictator Nikita Khrushchev in 1954. That NATO decision was made in anticipation of Ukraine’s ultimately becoming a NATO member country, which still hasn’t happened. However, only now is NATO declaring cyber war itself to be included as real “war” under the NATO Treaty’s “collective defense” provision. Continue reading »

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Jun 16

Here’s What You Need to Know About the Cold War 2.0…Because It’s Already Here:

As mainstream media attention largely focuses on complex entanglements destabilizing the Middle East, the United States continues to advance a rather aggressive agenda against Russia through its NATO allies in the Balkans and beyond. While an amassing of NATO troops in states bordering the U.S.’ Cold War foe might be troubling news in itself, an examination of several factors provides ample reason for vigilance.

nato vs russia

Source: RiskAdvisory

On Tuesday, NATO Secretary-General Jens Stoltenberg announced the alliance would be sending 4,000 troops to the Baltic states and Poland after nervous nations called for increased NATO presence following Russia’s annexation of Crimea. Germany, the U.S., the U.K., and an as-yet unnamed fourth nation will deploy troops to Estonia, Lithuania, Latvia, and Poland at some point in 2017. But the build-up won’t be limited to those areas. Continue reading »

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Jun 16

NATO-Russia

NATO Begins Encirclement of Russia:

http://deutsche-wirtschafts-nachrichten.de/2016/06/13/deutsche-soldaten-nach-litauen-nato-beginnt-einkreisung-von-russland/

NATO begins encirclement of Russia: German troops to Lithuania

German Economic News  |  Published:13:06:16 17:21 Clock (Translation by Eric Zuesse)

NATO prepares a veritable military buildup in Eastern Europe: German soldiers are operating in Lithuania, the British take over Estonia, and US soldiers move in to protect Latvia. The Canadians will be in Poland. Also in the Mediterranean, combat units are being increased. Russia perceives the activity as a threat, but hasn’t yet announced any countermeasures. Continue reading »

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Jun 15

20160615_protest

Violent, Bloody Scenes From Tuesday’s Massive Protests In Paris

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Jun 15

10Y bund DB

Deutsche Bank: “If One Wanted A Simple Indicator Of A Broken Financial System, Then This Is It”:

If there is one bank that is more concerned than any other about global central bank unorthodoxy, it is Deutsche Bank which as we reported yesterday, saw its stock price drop to a record low yesterday. As such it is not surprising that in his overnight note, DB’s Jim Reid focuses on the “broken financial system” and highlights the one indicator that confirms just how broken the system is: the Bund Yield.

This is what he said: Continue reading »

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Jun 14

Chaos Erupts in Paris as Riot Police Unleash on 50,000-Strong Labor Protest:

Strikes against anti-worker labor reform shut down Eiffel Tower and city transportation

French police unleashed tear gas and water cannons on demonstrators Tuesday as tens of thousands packed the streets of Paris in an outpouring of opposition to the government’s anti-labor agenda.

The CGT labor union, which helped organized the march, hoped Tuesday’s mobilization would be the largest since protests launched over new labor standards, which allow employers to more easily fire workers and create precarious, lower paid positions in place of permanent contracts. Continue reading »

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Jun 14

European Union Fascism

The EU Wants to Impose a Tax for Sharing Links on the Internet:

No wonder the people of Great Britain are itching to rid themselves of this miserable, idiotic union.

TechDirt reports:

We’ve written plenty of times about ridiculous European plans to create a so-called “snippet tax” which is more officially referred to as “ancillary rights” (and is really just about creating a tax on Google). The basic concept is that some old school newspapers are so lazy and have so failed to adapt to the internet — and so want to blame Google for their own failures — that they want to tax any aggregator (e.g., Google) that links to their works with a snippet, that doesn’t pay for the privilege of sending those publishers traffic. As you may remember, Germany has been pushing for such a thing for many, many years, and Austria has been exploring it as well. But perhaps the most attention grabbing move was the one in Spain, which not only included a snippet tax, but made it mandatory. That is, even if you wanted Google News to link to you for free, you couldn’t get that. In response, Google took the nuclear option and shut down Google News in Spain. A study showed that this law has actually done much to harm Spanish publishers, but the EU pushes on, ridiculously. 

Continue reading »

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Jun 14

NATO boosts build-up in E. Europe, confirms deployment of four multinational battalions:

After a NATO meeting in Brussels, the alliance’s secretary-general, Jens Stoltenberg, confirmed that it plans to deploy four multinational battalions in the Baltic States and Poland, while President Putin has ordered snap inspections for Russia’s military.

On Tuesday, NATO agreed to deploy a new 4,000-strong force in the Baltic States and Poland, NATO Secretary-General Jens Stoltenberg said after a meeting of the block’s ministers in Brussels. Continue reading »

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Jun 13

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Jun 13

H/t reader squodgy:

“Very true!
We are sick & tired of the “Spongeing Society””


Brexit

The Establishment Has Lost Its Hold On The People, Brexit Gains Momentum:

People around the world are sick and tired of the status quo. They are sick and tired of the overly political correctness and the way that the system is attempting to control every aspect of our lives. You can see this growing wave of discontent from the ever-growing amount of politicians getting elected around the world with a nationalist ideology. Continue reading »

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Jun 13

Mario-Draghi-Just-Evil

€348 Million: ECB Releases First Total Of Corporate Bond Purchases:

As part of today’s update of the ECB’s asset purchases, the central bank announced for the first time, in addition to its various other sovereign and covered-bond purchases, just how many corporate bonds it had bought in the open market under its infamous CSPP, or corporate bond buying program, which officially launched on June 3. The result: a mere €348 million in purchases on the first day in which the program was operational.

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Jun 11

Battle of Marseille - Violent fans hurl missiles, clash with police ahead of Russia-England match

Battle of Marseille: Violent fans hurl missiles, clash with police ahead of Russia-England match:

Violence has marred the lead up to Group B opener between England and Russia in the French city of Marseille, with both sets of supporters conducting violent running battles.

Soccer fans clashed with police in Marseille for the second time in two days, ahead of the group’s opening Euro 2016 fixture, while gangs of Russian and English supporters have also doled out violence on each other.

Early reports suggest at least five people have been injured, with police telling BFMTV that one person is in a serious condition following brawls involving around 500 supporters.

One England fan is reportedly in critical condition after sustaining a serious head wound. Continue reading »

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Jun 11

Will closing borders drive Germans to incest?:

“Isolation is what would ruin us – it would lead us into incest,” the finance minister told Die Zeit, doing a good imitation of a doomsday preacher.

The comments were meant as a resolute defence of his government’s migration policies, against the hostile attitudes of many Germans towards the Muslim faith practised by many migrants who move to Germany.

“Muslims are an enrichment of our openness and our diversity,” he continued. “Look at the third generation of Turks, especially the women. That is an enormous innovation potential.” Continue reading »

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Jun 11

Germany Panics Over Brexit – Largest Newspaper Begs Brits “Please Don’t Go”:

It appears the reality of the rising probability of Britain leaving the EU is dawning on the rest of Europe. So much so in fact that Germany’s Der Spiegel magazine unleashes an English-language front-page urging “Please Don’t Go! – Why Germany needs the British.”

spiegel-brexit

As KeepTalkingGreece reports, the special edition with the English title will be sold in in the UK at a reduced price of 2 BP (2.90 euros).

Editor-in-chief of the weekly,

‎Klaus Brinkbäumer, said that the central article of the magazine will include several arguments why the European Union can not manage without Britain. “The result is an objective and simultaneously strong, moving -and bilingual- appeal to the country: Please do not leave!” the editorial team said in a statement today.The central article describes the important role Britain played in defining the European Union and analyzes the impact of a Brexit to Europe’s security, its ability to fight terrorism and geo-strategic weight. Continue reading »

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Jun 11

Germany warns 11 MPs to keep out of Turkey after Armenian genocide vote – report:

Eleven German MPs of Turkish descent, who voted for recognition of the Armenian genocide, have reportedly received a travel warning from the German Foreign Ministry. They were told not to visit Turkey – or face safety risks there.

German MPs of Turkish origin have been recommended not travel to Turkey in the nearest future as “their security could not be guaranteed,”Der Spiegel reported on Saturday, citing an internal communication from the Foreign Ministry.

“It is unspeakable to know for the first time that it’s no longer possible to fly there,” Aydan Ozoguz, a Socialist Democratic Party MP told Der Spiegel. “Erdogan needs to realize that we are not an extension of Turkey,” she said. Continue reading »

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Jun 11

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Jun 11

keep-calm-and-vote-for-brexit

EU Referendum: Massive swing to Brexit – with just 12 days to go

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Jun 11

Farage Threatens To “Destroy The Old EU” As Marc Faber Says Brexit “Best Thing In British History”:

The European Union is an “empire that is hugely bureaucratic,” warns Marc Faber, telling CNBC that he thinks that “a Brexit would be bullish for global economic growth,” because “it would give other countries incentive to leave the badly organized EU.” The Gloom, Boom & Doom-er explained that Brexit is a risk Britain should be willing to take, and that it would not be a disaster, “on the contrary, it would be the best thing for Britain that would ever happen!” Rubbing further salt into the wounds of Europe’s establishment, outspoken pro-Brexit campaigner Nigel Farage exclaimed that he said he would “destroy the old EU”, together with 5-Star leader Beppe Grillo.

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Jun 10

Hmmh.

FYI.


Ramstein Germany

Military EVACUATING Women & Children from Ramstein Air Force Base in Germany:

Numerous reports have now come in to SuperStation95 that an EVACUATION of military families is underway from Ramstein Air Force Base in Germany.  This is usually undertaken ONLY if war is considered “imminent.”

Officially, there are “security concerns” about a planned Protest around the base. The protest, dubbed “Initiative Stop Ramstein” is planning to protest this Saturday, June 11th, outside of Ramstein Air Base’s west gate between 13:00 and 17:00. The coordinator is estimating 5,000 demonstrators with a rally that kicks off at the main train station in Kaiserslautern. Both Polizei and 569 USFPS will conduct vehicle and crowd control measures outside the west gate as well as along the human chain between the west gate traffic circle through Ramstein Village, between the main road from Kindsbach through Landstuhl, and between Lanstuhl’s city center to the west gate access road toward the west gate traffic circle. Please avoid these areas and the west gate as much as possible. East and LVIS gates will be open for use from 10:00 to 19:00.

Unofficially, there is concern that the base is to be ATTACKED.  Intelligence sources now tell SuperStation95 that a sub-plot to the Protest goes something like this:  Continue reading »

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Jun 09

Overrun in 60 hours NATO

Overrun in 60 hours: Pentagon admits NATO lacks force to oppose ‘Russian aggression’ in Europe:

The US Secretary of Defense’s deputy assistant said that Russia could potentially overpower NATO forces in the Baltics in 60 hours, adding that with its greater budget the chances of deterring such “Russian aggression” is set to significantly increase in 2017.

Capitals of the Baltic states are presently vulnerable should Russians decide to conquer them, but after 2017 the threat would decline thanks to recently-approved US defense expenditures, believes Michael Carpenter, deputy assistant secretary of defense for Russia, Ukraine, and Eurasia. Continue reading »

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Jun 09

European Parliament Rejects GMOs in Europe and Africa:

June’s European Parliament plenary saw five different votes related to GMOs. Altogether they give a good idea of the European Parliament’s very coherent opinion on GMOs, which can be summarized as being a resounding no.

GMO-crops-europe

Source: www.greens-efa.eu

The Authorization Process for Imports is Not Democratic

Two objections to the authorization for import of a GM carnation and a GM maize[1] were voted on Wednesday. These were the 5th and 6th objections (all initiated by the Greens/EFA) that have been submitted to the plenary since December 2015. Continue reading »

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Jun 09

Great Glyphosate Rebellion Continues as Europe Refuses Temporary License Extension:

The Great Glyphosate Rebellion continues at full pace in Europe as a new European Commission proposal for a temporary license extension of 18 months failed to receive support from the European Union members states.

EU-PARLIAMENT

The European Commission may now submit its temporary extension proposal to an appeal committee of political representatives of the 28 EU member states within one month. Continue reading »

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Jun 08

Bilderberg


bilderberg teaser_0

The Bilderberg 2016 Agenda: Trump, Riots, Migrants, Brexit:

Every year, the world’s richest and most powerful business executives, bankers, media heads and politicians sit down in some luxurious and heavily guarded venue, and discuss how to shape the world in a way that maximizes profits for all involved, while perpetuating a status quo that has been highly beneficial for a select few, even if it means the ongoing destruction of the middle class. We are talking, of course, about the annual, and always secretive, Bilderberg meeting.

And, as the Guardian notes, “you know Bilderberg’s about to begin when you start seeing the guns.” 

barricade bilderberg
Workers erect a barricade outside the Taschenbergpalais hotel in Dresden

The Taschenbergpalais hotel in Dresden – the venue of “Bilderberg 2016” which starts tomorrow and continues until June 12 – is filling up with pistol-packing plainclothes security as the last guests are ushered out. The frowning gunslingers head up and down the corridors with their hotel maps, trying door handles and checking the lay of the land while, down in the hotel lobby, corporate goons gather in muttering huddles. Continue reading »

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Jun 08

Bilderberg-Dresden

Bilderberg Leak: Secretive Group to Discuss Internet ID, Global Tax:

Elitists seek to eviscerate online anonymity, chill free speech

The secretive Bilderberg Group is set to discuss plans to implement an Internet ID to eviscerate anonymity on the web as well as a global tax on financial transactions and air travel, according to an inside source who spoke to Infowars.

The clandestine organization is set to begin its annual meeting tomorrow at the Taschenbergpalais Kempinski hotel in Dresden, Germany. Continue reading »

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Jun 08

H/t reader squodgy:

“Very worrying.”


germany invisible crisis

PDF: GPF-germanys-invisible-crisis

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Jun 08

FYI.


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Jun 08

Germany May Be A Bigger Threat To The European Union Than Brexit:

Two polls were recently released that call the European Union in question.

A poll in Italy reported that the Five Star Movement (a populist political party that wants to hold a referendum on whether Italy should remain in the European Union) was the most popular political party in the country ahead of local elections scheduled for next month. 

On the same day, British researchers who surveyed nine EU countries reported that 45 percent of respondents believed that their country should hold a referendum on whether to remain in the EU. Continue reading »

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