Sep 30

Related info:

- Catalonia President Orders Independence Referendum On Nov. 9


- Spot The Total Logic Fail (ZeroHedge, Sep 29, 2014):

It appears the leadership in Spain has reached its panic-point. Following Catalonia’s President Artur Mas signing of a decree calling for an ultimately democratic referendum on independence for the region, Spanish Prime Minister Rajoy uttered this mind-numbing phrase:

  • CATALAN VOTE PROFOUNDLY ANTI-DEMOCRATIC, RAJOY SAYS

It appears Rajoy’s perspective on democracy and the will of the people is a little different as the situation has become serious enough that he has gone full-Juncker.

As The BBC reports,

“Catalonia wants to speak,” he said after signing on Saturday. “Wants to be heard. Wants to vote. Now is the right time and we have the right legal framework to do so.”

The referendum’s two questions Continue reading »

Tags: , , , , , ,

Sep 29

- Revealed – the Troika threats to bankrupt Ireland (The Irish Independent, Sep 28, 2014):

Honohan: ECB officials agreed to threaten Ireland with bankruptcy if the government tried to burn bondholders

The threat was made at a high-level teleconference meeting, details of which have been revealed for the first time by the Central Bank governor, Dr Patrick Honohan.

Mr Honohan, who famously told the nation Ireland would be entering the Troika bailout programme live on radio as government ministers were publicly denying it, also revealed he was kept out of loop about the meeting. Continue reading »

Tags: , , , , , , , , ,

Sep 29

“There is a principle which is a bar against all information, which is proof against all arguments, and which cannot fail to keep a man in everlasting ignorance – that principle is contempt prior to investigation.”
– Herbert Spencer (William Paley according to Wikiquote)


- Great Historical Quotes (TrueWorldHistory):

If you read these in order, they tell a story…

“Who controls the past controls the future. Who controls the present controls the past.” – George Orwell

“One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors.” – Plato

“Just because you do not take an interest in politics doesn’t mean politics won’t take an interest in you.” – Pericles Continue reading »

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

Sep 28

- Standard & Poor’s Warns on Germany Triggering the Next Debt Crisis, Investors Would Lose their Shirts (Wolf Street, Sep 24, 2014):

A true debacle happened. Just when we thought the euro was safe, that ECB President Mario Draghi had single-handedly duct-taped the Eurozone back together in the summer of 2012 with his magic words, “whatever it takes.” Markets assumed that they were backed by the ECB’s printing press, and they loved their assumption. Spanish, Italian, even highly dubious Greek debt, some of it with a fresh haircut, soared. And hedge funds and banks gorged on it and loved it. The debt crisis was over! Stocks soared even more. Money was being made.

So bank bailouts continued, and the Eurozone recession proved to be a nasty long-term affair, but no problem, everything seemed to be guaranteed by the ECB. Debt-sinner countries, as Germans like to call them, could suddenly borrow for nearly free, and neither deficits nor debts mattered to financial markets.

But now comes ratings agency Standard & Poor’s and douses our illusions, because that’s all they were, with a bucket of ice water. The soaring popularity and electoral successes of Germany’s anti-euro party, Alternative for Germany (AfD), could push Chancellor Angela Merkel and her party, the conservative CDU, to take a harder line against bailouts, hopes of QE, and all manner of other ECB miracles that financial markets had been counting on. And it could spook them. And the nearly free money could suddenly dry up. So S&P warned: Continue reading »

Tags: , , , , , , ,

Sep 27

Catalonia president orders independence referendum on Nov. 9 (RT, Sep 27, 2014):

The president of Catalonia, Artur Mas, has signed a decree calling an independence referendum for Nov. 9. The secessionist drive of the Spanish region has been rebuked by Madrid, which vowed to block the vote.

Spanish Prime Minister Mariano Rajoy has called a government meeting Monday that is expected to provide a legal response to Barcelona’s announcement. Madrid plans to challenge the vote in the constitutional court. Continue reading »

Tags: , , , , , ,

Sep 25

Vladimir-Putin1

- No More Foreplay: Russia Threatens European Gas Supply Disruptions (ZeroHedge, Sep 25, 2014):

It appears Vladimir Putin is willing to hit’em while they’re down. Early European equity weakness (and safe-haven flows) on asset-freeze threats have accelerated as Bloomberg reports, Russian energy minister Alexander Novak threatens gas supply disruptions if the EU continues to re-export Russian gas to Ukraine. 3Y German bond yields have plunged to -4.1bps, a record low close and European stocks are closing on their lows of the day.

  • *RUSSIA THREATENS GAS SUPPLY THROTTLING TO EUROPE: HANDELSBLATT

Tags: , , , , , , ,

Sep 25

- ISIS Plotting US, France Attacks, May Target Subways According To Iraq’s New PM (ZeroHedge, Sep 25, 2014):

It’s al Qaeda deja vu time: while it is unclear if anyone will notice that the fearmongering was taken up several notches when the real terrorists are clearly attacking the S&P 500 with barbaric selling, moments ago the new, US-designated PM of Iraq, where hopes are high that this US puppet will behave better than the previous US figurehead, announced that the wrath of ISIS is about to be unleashed on the US. From Bloomberg:

  • ISLAMIC STATE CELLS PLOTTING US, FRANCE ATTACKS, ABADI SAYS
  • TARGETS VIEWED MAY INCLUDE SUBWAYS, ABADI SAYS
  • IRAQI PRIME MINISTER ABADI SAYS HE GOT INFORMATION THIS MORNING
  • ABADI SAYS INFO FROM CAPTURED FIGHTERS IN IRAQ SEEMS CREDIBLE
  • U.S., FRANCE INFORMED BY IRAQ, ABADI SAYS

And from CBS: Continue reading »

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

Sep 24

- ISIS Splinter Group “Caliphate Soldiers” Beheads French Hostage In Algeria (ZeroHedge, Sep 24, 2014):

A new armed group in Algeria calling itself the “Caliphate Soldiers”  – a re-splinter from Al-Qaeda splinter group ISIS – has, according to AP, beheaded a Frenchman abducted in Algeria in a video posted online on Wednesday, after giving a 24-hour deadline to Paris. Herve Gourdel, a 55-year-old hiker from the southern French city of Nice, was kidnapped on Sunday by Jund al-Khilifa, which demanded France stop its air strikes against IS in Iraq.

The initial threat video sent 24 hours ago… Continue reading »

Tags: , , , , , , ,

Sep 24

- Humpday Humor: French Cops Await ISIS Suspects At Wrong Airport (ZeroHedge, Sep 24, 2014):

On a day when a French hostage is beheaded by an ISIS splinter group, the bungling of French police’s attempts to arrest returning jihadists is simply incredulous…

As Bloomberg reports,

The French government struggled to explain its bungling of the arrest of three men suspected of having fought for Islamic State in Syria and deported by Turkey, after police waited for them at the wrong airport. Continue reading »

Tags: , , , , , , , ,

Sep 23

FrechProtext9-21-2014

- The Decline & Fall Of Europe: French Farmers Set Tax Office On Fire (Zerohedge, Sep 23, 2014):

French vegetable farmer have set a tax office and a building on fire destroying the government facility which was the symbol of the increasing administrative burden and sanctions that is killing farming. Hundreds of tractors and trailers of the farmers converged on Friday evening before the building of the Agricultural Social Insurance (MSA) in the town of Morlaix (Brittany). There they dumped unsold potatoes and artichokes before the MSA-building and added pallets and tires setting the entire lot on fire. Thereafter, the farmers moved on to the tax office set that on fire as well. The protests also took place in numerous other places as well, however, only these two government buildings were totally destroyed.

The association of vegetable farmers had announced the protest action on Friday. The background is that for years the bureaucracy for farmers have magnified the economic decline and their plight with constant new regulation of everything. The economic situation of farming in Europe has been seriously pushed too far with the US sanctions against Russia. The agricultural crisis caused by Obama is increasingly deteriorating with far too many farmers throughout Europe losing everything. Continue reading »

Tags: , , , , , , , , ,

Sep 23

- First Germany, Now France Folds On Syrian Airstrikes (Zerohedge, Sep 22, 2014):

In yet another rather embarrassing event for The White House, just days after President Obama praised the French for helping in the fight against ISIS, and General martin Dempsey noted “the French were our very first ally and they’re with us again now,” French officials have, according to Reuters, ruled out participation in airstrikes against Islamic State in Syria. With the fall of France (and Germany already saying “nein”), it appears the broad coalition is now a “coalition of none,” as Obama has stated the US would not go it alone… Continue reading »

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

Sep 22

- ISIS Slams “Mule Of The Jews” Obama, Demands Killing Of “Disbelievers” Especially “Filthy French” (ZeroHedge, Sep 21, 2014):

Having released some 46 Turkish hostages, because “Turkey refused to agree to the US demand for ‘active support of the coalition‘,” ISIS has come out swinging in its first ‘official’ statement since President Obama unveiled his ‘strategy’ for “degrading and destroying” them, with a call for all followers of Allah to make the coalition campaign the “last crusader campaign,” and calls Obama “vile”, more foolish than Bush, and a “mule of the Jews.” Warning Americans and Europeans that “you will pay a great price, when your economies collapse,” ISIS blasts Kerry, “the uncircumcised old geezer,” for his “false arguments.” The statement concludes by telling ISIS followers, “if you can kill a disbelieving American or European – especially the spiteful and filthy French – or an Australian, or a Canadian, or any other disbeliever from the disbelievers waging war, including the citizens of the countries that entered into a coalition against the Islamic State, then rely upon Allah, and kill him in any manner or way however it may be.” Continue reading »

Tags: , , , , , , , , ,

Sep 22

- France Releases Video Of Its First Airstrike Against ISIS (ZeroHedge, Sep 20, 2014):

Several months ago, when France vehemently opposed canceling the delivery of the Mistral amphibious warship to Russia, its largest bank BNP was “unexpectedly” slapped with a record $9 billion fine by the US Department of Justice for money-laundering. The retaliatory measure was so obvious even Putin opined on the US action: “We know about the pressure which our U.S. partners are applying on France not to supply the Mistrals to Russia,” Putin said in July. “And we even know that they hinted that if the French don’t deliver the Mistrals, they would quietly get rid of the sanctions against the bank, or at least minimize them.” Continue reading »

Tags: , , , , , , , ,

Sep 21

- US admits there is a much scarier terrorist group than ISIS (RT, Sep 21, 2014):

New intelligence has emerged warning Washington that its upcoming confrontation with the Islamic State may leave it blind to a more sinister and direct threat from a much lesser known terrorist group that has arisen from the ashes of the Syrian war.

Very little information is being released at the moment by anyone within American intelligence circles, but the group calling itself Khorasan is said by officials to have concrete plans for striking targets in the United States and Europe as a chosen modus operandi – more so than the Islamic State (IS), formerly known as ISIS. Continue reading »

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

Sep 19

- True story: You know your country is broke when the cops have to call 911… (Sovereign Man, Sep 18, 2014):

Imagine coming home from work and finding that a group of men have broken into your house. What do you do?

I have a gratified feeling that for an increasing number of our readers, the answer would be to draw their firearm and defend the home.

But it’s safe to say most folks would… call the police. Continue reading »

Tags: , , , , , , ,

Sep 19


11.09.2014

Description:
Continue reading »

Tags: , , , , , ,

Sep 17

Symphony of Lies
Ukraine-Symhony-Of-Lies

Under Cover of Ceasefire, NATO-Armed Kiev Poised to Attack (Ron Paul Institute, Sep 16, 2014):

Just over ten days ago, as the pro-independence forces in east Ukraine were on the march with significant gains on the battlefield, a ceasefire was signed in Minsk, Belarus. According to the terms of the ceasefire, the pro-independence fighters were to lay down their arms, cease their offensive to regain lost territory in the Donetsk and Lugansk region, and disband. Continue reading »

Tags: , , , , , , , , ,

Sep 17

- Germany Issues 2Y Note At Record Low Yield Of -7bps (ZeroHedge, Sep 17, 2014):

Germany sold EUR 3.34 billion 2-year notes to a desparate-for-collateral, safe-haven-seeking, ECB QE-front-running, deflation-pricing market (with exceptional demand – an elevated 2.26x bid-to-cover) for a stunning -0.07% yield… an all-time record low yield issuance for Germany. We have nothing to add…

Tags: , , , , , , , ,

Sep 16

Bank Of America Has A Message For Its European Depositors: “We May Charge You” (ZeroHedge, Sep 15, 2014):

Because Mario Draghi wasn’t joking about that whole NIRP thing. And yes, negative deposit rates mean just that.

BofA Europe deposits_0

As the letter says, don’t worry: Bank of America has an extensive team of “liquidity and investment management solutions” experts who will gladly advise you to rotate your money out of deposits and into financial stocks, preferably that of BAC itself.

Tags: , , , , ,

Sep 16

- Over 1000 US, NATO Troops Begin Military Exercises In Ukraine (ZeroHedge, Sep 16, 2014):

Russia could care less whether Ukraine signs meaningless accession agreements with Europe (as it just did) because at the end of the day, Ukraine needs Russia’s gas (if only for the next 4-6 years until Hunter Biden develops Ukraine’s shale deposits and the Qatar gas pipeline finally crosses Syria). Russia, however, is very angry when NATO gets ever closer to its borders, which it just did when earlier today, more than 1,000 troops from 15 NATO and non-NATO countries, including the US of course, are taking part in a military exercise in Ukraine.

The good news: The “Rapid Trident” exercise is happening near Lviv on the Polish-Ukrainian border, around 1,000 miles from the conflict in east Ukraine.

The bad news: 1,000 miles will hardly be considered enough by the Kremlin which will see this latest incursion by NATO ever closer to its border as another direct threat and a hint of what will happen if Ukraine is allowed to progress on its path of demanding entry into the military alliance.

From EuroNews: Continue reading »

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

Sep 15

russian-response-sanctions-cars

- Russia may restrict import of Western cars, clothes in new sanctions tit-for-tat (RT, Sep 12, 2014):

Imports of Western cars and clothes into Russia could be restricted as part of a second round of “retaliatory” measures prepared in response to the sanctions against Moscow, says presidential aide Andrey Belousov.

There are many sellers of non-agricultural goods in the West who are heavily dependent on the Russian market, the official said. Continue reading »

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

Sep 14

Art Cashin

- Art Cashin: “Things Could Theoretically Turn Into What I Call A Lehman Moment” (ZeroHedge, Sep 13, 2014):

Courtesy of Finanz und Wirtschaft, interview by Christoph Gisiger

Wall Street veteran Art Cashin does not fully trust the record levels at the stock market and draws worrisome parallels between the geopolitical tensions over Ukraine and the Cuban missile crisis.

From the assassination of President Kennedy via the stock market crash of 1987 and the Fall of the Berlin Wall through to the burst of the dotcom bubble, the terror attacks of 9/11 and the collapse of Lehman Brothers: Art Cashin has experienced all the major world events of the last half century at the floor of the New York Stock Exchange. Currently, the highly respected Wall Street veteran keeps a close eye on the geopolitical tensions in the Middle East and on the situation in Ukraine which reminds him of the Cuban missile crisis «The markets are edgy and nervous», says the Director of Floor Operations for UBS Financial Services while constantly checking the quotation board. Like many traders here, he is somewhat skeptical of the huge stock market rally that started in March 2009. «I think it is a question of the extraordinarily low interest rates», he explains. Continue reading »

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

Sep 13

Europe Folds To Russian Demands, Delays Ukraine Free Trade Deal By Over A Year (ZeroHedge, Sep 12, 2014):

While the world was poring through the details of the latest round of preannounced western sanctions against Russia – a round which Russia commented would have virtually no actual impact – and just as excitedly awaiting the Kremlin’s retaliation which Putin warned is coming shortly, far from the glare of the center stage Europe quietly folded to a bigger Russian demand namely to delay the implementation of a Ukraine free trade deal by more than one year until the end of 2015 and likely beyond. Continue reading »

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

Sep 12

- Martin Armstrong Warns “Spain Is Moving Towards Civil War” (ZeroHedge, Sep 11, 2014):

Submitted by Martin Armstrong via Armstrong Economics,

  • *SPANISH GOVT SAYS 470,000 TO 520,000 DEMONSTRATORS IN BARCELONA
  • *BARCELONA POLICE SAY 1.8M PEOPLE AT PRO-INDEPENDENCE DEMO

Spain-Militarizing

The Spanish government is militarizing gearing up for violent protests against the EU that are expected to turn up before a hot autumn. Spain is now equipping the police with about one billion million euros with new combat equipment. Violent protests in Spain since the crisis began almost a daily occurrence. Movements such as 25 de Mayo or the Indignados call Spaniards of all strata of the population to protest against the government on the streets. The police will always respond violently. They cover up their brutal responses by banning any video of police beatings making it a crime in itself. This is certainly illustrating the loss of freedom and any democratic process within Europe. The police scandals have only charged the atmosphere within the population and we may see this erupt into civil war as we move forward. Continue reading »

Tags: , , , , , , , ,

Sep 12

Far-Right Nationalist Le Pen Takes Lead In French Presidental Poll (ZeroHedge, Sep 11, 2014):

It’s not just Scotland… or Catalan. As The Guardian reports, polls out in the past few days in France have shown far-right Front National (FN) leader Marine Le Pen topping a presidential poll for the first time. Alongside this surge in support for FN is the utter collapse in the French people’s faith in Hollande. Less than 20% of voters now approve of the French president and stunningly more than half the nation’s card-holding-socialists have given up on him. An unprecedented 85% of French voters don’t think Hollande should seek a second term. One word – guillotine?

Tags: , , , , , ,

Sep 12

- George Soros Warns “This Is The Worst Possible Time” For Scottish Independence (ZeroHedge, Sep 11, 2014):

Authored by George Soros, originally posted Op-Ed at The FT,

This is the worst possible time for Britain to consider leaving the EU – or for Scotland to break with Britain.

The EU is an unfinished project of European states that have sacrificed part of their sovereignty to form an ever-closer union based on shared values and ideals. Those shared values are under attack on multiple fronts. Russia’s undeclared war against Ukraine is perhaps the most immediate example but it is by no means the only one. Resurgent nationalism and illiberal democracy are on the rise within Europe, at its borders and around the globe. Continue reading »

Tags: , , , , , , , ,

Sep 12

- Obama’s Broad Coalition Cracks – UK, Germany Won’t Support Airstrikes In Syria (ZeroHedge, Sep 11, 2014):

Well that didn’t take long. After espousing his strategy last night of leading a broad coalition against ISIS, it appears President Obama’s “allies” are backing away from the plan. As The WSJ reports, Germany and the U.K. on Thursday ruled out carrying out air strikes on Islamic State militants in Syria. It appears the Europeans, realizing the ire that these actions will likely cause to Putin, are stepping back – “We haven’t been asked, nor will we do it,” German Foreign Minister Frank-Walter Steinmeier told reporters and his U.K. counterpart Philip Hammond explicitly ruled out air strikes in Syria, after the U.K. parliament struck down such a move last year. So that leaves the French?

As The WSJ reports,

Germany and the U.K. on Thursday ruled out carrying out air strikes on Islamic State militants in Syria, a day after President Barack Obama authorized the start of U.S. air strikes there. Continue reading »

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

Sep 11

Russian Retaliation Begins: Gazprom “Limiting EU Gas”, Cuts Poland Supplies By 20% In Past Two Days (ZeroHedge, Sep 10, 2014)

Tags: , , , , , , ,

Sep 11

- US Chopper Squadron Invades Poland, Accidentally (ZeroHedge, Sep 10, 2014):

No, this is not from The Onion. Bloomberg reports that six U.S. army helicopters landed in a rapeseed field in northern Poland to ask for directions after veering off course on their way back from military exercises. Locals were alarmed and explained, “we know that security is the most important thing right now… But thank God it was the Americans.” We wonder how long before Sikorski proclaims this an invasion and demands NATO react… 

20140910_gruta_0

As Bloomberg reports,

Five Sikorsky UH-60 Black Hawk helicopters and one tandem-rotor Boeing Co. Chinook chopper touched down near the village of Gruta, 220 kilometers (140 miles) north of Warsaw at about noon yesterday, according to local eyewitnesses. Some residents were at first spooked at the sight of the aircraft, Halina Kowalkowska, the village’s head, said by phone.

“We know that security is the most important thing right now,” Kowalkowska said. “But thank God it was the Americans.” Continue reading »

Tags: , , , , , , , ,

Sep 09

- JPMorgan Stunner: “The Current Episode Of Excess Liquidity Is The Most Extreme Ever” (ZeroHedge, Sep 8, 2014):

“The ECB’s quantitative expansion is hitting the financial system at a time when broad liquidity is also very high. The rise in excess liquidity, i.e. the residual in the model of Figure 3, is supportive of all assets outside cash, i.e. bonds, equities and real estate. The current episode of excess liquidity, which began in May 2012, appears to have been the most extreme ever in terms of its magnitude and the ECB actions have the potential to make it even more extreme, in our view…. These liquidity boosts are not without risks. We note that they risk creating asset bubbles which when they burst can destroy wealth leading to adverse economic outcomes. Asset yields are mean reverting over long periods of time and thus historically low levels of yields in bonds, equities and real estate are unlikely to be sustained forever.”
- JPMorgan

Tags: , , , , , , ,