May 20

Asked whether he would repeat an assurance he gave in late 2012 that Greece wouldn’t default, Wolfgang Schäuble told The Wall Street Journal and French daily Les Echos that “I would have to think very hard before repeating this in the current situation.” To which Moody’s had just one thing to add: there is a high likelihood of an imposition of capital controls and a deposit freeze.”


greek atm line

The Gloves Come Off: Moody’s Warns Of Greek “Deposit Freeze” As Schauble “Won’t Rule Out Default” (ZeroHedge, May 20, 2015):

Ever since Syriza took over the Greek government and has refused, at least until now, to concede to every Troika demand of perpetuating a status quo which it was elected with a mandate to overturn, Europe has done everything in its power to make not only Syriza’s life increasingly difficult and hostile, but has taken every opportunity to turn the Greek population against its rulers, in hopes that a more “moderate”, technocrat government would replace the “radical leftists.” So far it has failed, despite the best attempts by the ECB and the European Commission to sput a terminal bank run. Continue reading »

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May 20

Related info:

Monsanto Knew of Glyphosate Cancer Link 35 Years Ago

Monsanto Employee Admits An Entire Department Exists to ‘Discredit’ Scientists

More info down below.


pesticides_roundup_bottles

Victory: German Retail Giant Removes Glyphosate from 350 Stores (Natural Society, May 12, 2015):

Now US stores just need to follow

I recently snapped a photo from an advertising circular that was delivered to my home, proudly promoting Monsanto’s ‘probably carcinogenic’ Round Up, on sale no less, at a local hardware store. While US garden and DIY stores are still selling cancer-causing poison in a jug, a German retail giant will no longer carry glyphosate-containing products as of September 30, 2015More than 350 ‘toom Baumarkt DIY’ stores belonging to the REWE Group are removing any product that contains this endocrine disrupting chemical concoction, and as of today, no such products can be re-ordered from their stores. Continue reading »

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May 19

Merkel Faces German Parliament “Revolt” On Greece (ZeroHedge, May 19, 2015)

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May 19

“Cash Is Coined Freedom”: War on Cash Becomes Official in Germany, Reaches G-7, Draws Withering Fire (Wolf Street, May 18, 2015)

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May 10

nsa-bnd-germany-siemens-spy

NSA ‘asked’ Germany’s BND to spy on Siemens over alleged links with Russian intel (RT, May 10, 2015):

The NSA has reportedly sought the help of Germany’s intelligence agency in spying on Munich-based Siemens over the company’s suspected business with Russian intelligence, Bild am Sonntag newspaper revealed. Siemens has denied any connection with Russia.

The revelation came from an unknown US intelligence source speaking to Germany’s Bild am Sonntag, and is the latest report in a spy scandal involving a widening gap in trust between the Americans and the Germans. Continue reading »

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May 06

H/t reader I.G.



Apr 28, 2015

Description:

That’s how it looked like just after the Second World War in Berlin!

Fascinating moving pictures in color show the situation of the city in summer 1945, just after the Second World War and the capitulation of Germany. Daily life after years of war.

Pictures from the destroyed city, the Reichstag, Brandenburger Tor, Adlon, Führerbunker, Unter den Linden, rubble women working in the streets, the tram is running again.

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May 05

NATO & allies stage thousands-strong drills across Europe (RT, May 4, 2015):

Three sets of military exercises kicked off in Europe on Monday, involving thousands of servicemen from a variety of NATO nations and their allies, amid a wave of similar action across the area.

Estonia is holding its largest-ever military drills. Named Siil-2015 (Hedgehog), the maneuvers involve about 13,000 personnel. The number includes about 7,000 reservists, along with members of the volunteer Estonian Defense League.

Siil-2015, scheduled to last until May 15, also involves forces from the US, the UK, Germany, Latvia, Lithuania, Belgium, Poland and the Netherlands. American troops, who are staying in Estonia as part of the massive training operation Atlantic Resolve, will bring four Abrams main battle tanks to the exercise. British, Belgian and German air defense units, as well as several NATO warplanes, will also take part. Continue reading »

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May 01

Flashback:

‘Greece Won’t See A Cent Of The GREAT BAILOUT’ (Telegraph) … It’s All For The Banksters!

Shame On Europe For Betraying And Raping Greece For Its Bankster Masters:

When we casually use a term like “bailout”, it is important to remember that it is not people who are being bailed out, or at least not the Greek people. The bailout will not save a single Greek life. The opposite is the case. What is being “bailed out” is the global financial system, including the banks, hedge funds and pension funds of the other EU member states, and it is the Greek people who are being ordered to pay – in money, time, physical pain, hopelessness and missed educational opportunities. The relatively neutral, even stoic, term “austerity”, is a gross insult to the Greek people. This is not austerity; at best it is callousness.

Max Keiser on Greece: ‘The IMF is a Financial Mafia’:

The only solution for Greece is to arrest the Goldman Sachs bankers immediately and all those involved in the fabrication of Greek economic data in 2000, when you became a member of the eurozone. The next step is to nationalize all banks like Sweden did in 1993. The International Monetary Fund is that last thing you need. You will lose your sovereignty. It exercises terrorism. You will be raped in such a way, that it will be the worst pain you have ever felt.

If someone burns down your house in order to sell you charcoal, would you consider this logical? That is exactly what Goldman Sachs did to the Greek economy. They burned you down like arsonists and then they tell you not to worry they’ll give you charcoal. It’s outrageous. The IMF has said that it can provide Greece with help. The Wall Street investment hedge funds are attacking Greece’s bond market so that the Greek economy collapses. And they’re doing this for a simple reason; to force the Greek people to ask for help from the IMF. The IMF will say, we came because you asked for our help. Wall Street bankers work very closely with the IMF. It’s a financial mafia and the hedge funds are the assassins. Research conducted on Goldman Sachs in the USA and in Europe show how big a mafia it is. They are involved in illegal activity throughout the world.


greece-imf-riot-police-athens

Eurozone didn’t allow Greece to bankrupt in 2010 (The Real Agenda News, April 22, 2015):

French and German banks were weakened due to their heavy investment in Greek debt.

According to the documentary titled “On the Trail of the Troika“, the euro states prevented Greece from going bankrupt in order to protect German and French banks. Those banks, research shows, were exposed to almost €40 billion in Greek debt and were afraid to lose the money.

Not only did Germany and France not allow Greece to declare bankruptcy, but also used their taxpayers’ money to finance the never ending Greek debt financial system. Continue reading »

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Apr 26

The Secrets of the Federal Reserve

@Amazon.com: The Secrets of the Federal Reserve

@Amazon.co.uk: The Secrets of the Federal Reserve

* * *

FYI.


Adolf-Hitler-Hjalmar-Schacht

For Nazi Industrialists And Hitler’s Banker “All Was Forgiven” (ZeroHedge, April 26, 2015):

In recent years, there has been much shock and stunned reactions among the general public as one after another banker avoided any prison time, despite perpetrating (and benefiting from the subsequent bailout) the biggest financial crisis know to mankind.

But is this shock warranted? The simple answer: no. Continue reading »

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Apr 25

Merkel Tsipras

Germany Prepares For “Plan B”, Says Greece Would “Need Not Only A Third Bailout, But Fourth, Fifth Or Even More” (ZeroHedge, April 25, 2015):

It has been a very disturbing 24 hours for Greece.

It all started during yesterday’s surprisingly short, just one hour long Eurozone finmin meeting in Riga, where Yanis Varoufakis not only got the most “hostile” reception yet being called “a time-waster, gambler, and amateur“, but for the first time one minister openly said that maybe it was time governments prepared for the plan B of a Greek default. This happened after Jeroen Dijsselbloem slammed the door on Varoufakis’ proposal for early cash after partial reforms.

“A comprehensive and detailed list of reforms is needed,” Dijsselbloem told a news conference following a meeting in Riga. “A comprehensive deal is necessary before any disbursement can take place … We are all aware that time is running out.” Continue reading »

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Apr 15

schauble stare

German FinMin Schaeuble Sees “No Contagion” From Grexit, Don’t Show Him This Chart (ZeroHedge, April 15, 2015):

Because all that matters is what some elite says, we are sure the following propaganda from German FinMin Schaeuble will be regurgitated by the mainstream media:

  • *SCHAEUBLE SAYS “YOU CAN’T SEE ANY CONTAGION”

However, if one actually looks at the data – European peripheral bond risk premia have soared in the last week as Grexit fears resurge.

20150415_cont

Charts: Bloomberg

 

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Apr 15

German 10Y Bond Yield Plunges To 10bps, Negative To 8 Years (ZeroHedge, April 15, 2015):

German yields cratered-er today (as DAX flash-crashed into the close). 10Y yields are now at 10.5bps – record lows – and the entire German yield curve is now at negative rates to 8 year maturity. Must all be a signal of the economic success of Q€ right?

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Apr 13

A German Army Leopard II tank, assigned to 104th Panzer Battalion, moves through the Joint Multinational Readiness Center during an exercise in Hohenfels, Germany, on Oct. 25, 2012

Germany to bring back 100 mothballed tanks (Stars And Stripes, April 10, 2015):

BERLIN — The German military plans to bring 100 mothballed tanks back into service as it deals with increased demands from the Ukraine crisis.

Defense Ministry spokesman Jens Flosdorff said Friday that the military will pay $23.6 million to buy back the Leopard 2 main battle tanks from the defense industry, which has kept them in storage. The tanks will then be modernized starting in 2017.

The decision to equip the Bundeswehr with a maximum 328 tanks nearly reverses a four-year-old decision to cut the total from 350 to 225. Continue reading »

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Apr 10

Germany Orders 100 Tanks To “Ensure Troops Are Ready To Respond To Russian Assertiveness” (Zerohedge, April 10, 2015):

With Jean-Claude Juncker demanding a Unified European Army, it appears Germany is wasting no time in simultaneously boosting its own economy with warfare spending and comforting a ‘fearful populace’ with more military might. As Reuters reports,Germany plans to procure more than 100 additional Leopard 2 tanks, increasing its total Leopard 2 tank inventory by a whopping 45% a government spokesman said on Friday, as it seeks to ensure its “troops are ready for action in response to concerns over recent Russian assertiveness.”

leopard-2

Reuters reports:

Germany plans to procure more than 100 additional Leopard 2 tanks, a government spokesman said on Friday, as it seeks to ensure its troops are ready for action in response to concerns over recent Russian assertiveness. Continue reading »

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Apr 08

German Factory Orders Tumble By Most In 9 Months, Spanish Bond Yields Turn Negative (ZeroHedge, April 8, 2015):

Bad news is even better news in Europe. “Core” Germany saw its powerhouse economy suffer the biggest drop in Factory Orders since June (-1.3% YoY) missing expectations for the 2nd month in a row – the first consecutive drop since may 2013 (despite German business confidence rising for the 5th month in a row) as apparently devaluing the EU’s currency is not encouraging business. The result… DAX futures surging, bond yields tumbling and Spanish bond yields to 6 months are now negative..

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Apr 08

European Derivatives Market Breaks… And Futures Surge (ZeroHedge, April 8, 2015):

Because nothing says “liquid and efficient” market like yet another broken market. Just as we saw yesterday afternoon as US equities collapsed into the close, Euronext has broken in the pre-open European markets…

  • *EURONEXT SAYS EXPERIENCING SOME TECHNICAL ISSUES
  • *EURONEXT DERIVATIVES MKT STATUS – SYSTEMS AFFECTED: CCG ISSUE
  • *EURONEXT: CCG NUMBER 10, 11, 12 MAY SEE CONNECTIVITY ISSUE

20150408_EU1

and sure enough, DAX stock futures surgeContinue reading »

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Apr 08

Germany Slams “Stupid” Greek Demands For “Incomprehensible” €278 Billion In Reparations (ZeroHedge, April 7, 2015):

Yesterday we reported that in what may have been an attempt to stun the world, if not so much Germany, with the law of large numbers, Greece calculated that Germany owes it a whopping €278 billion in World War II reparations, or about a third of what Germany reported was its GDP in the fourth quarter. Unfortunately for Greece, Germany does not appear to be rushing to wire the funds. As Reuters reported earlier today, Germany’s economy minister had one word for the Greek demand: “stupid.”

From Reuters:

Sigmar Gabriel, who is economy minister and German vice chancellor, called the demand “stupid”, saying Greece ultimately had an interest in squeezing a bit of leeway out of its euro zone partners to help Athens overcome its debt crisis. Continue reading »

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Apr 07

Spiegel Greece Merkel

Greece demands €278bn WWII reparations from Germany – more than its debt to EU (RT, April 7, 2015):

Germany owes Greece no less than €278.7 billion in World War II reparations, Athens said, referring to the destruction wrought upon the nation during the Nazi occupation. The sum exceeds Greece’s total debt of €240 billion to the EU.

“According to our calculations, the debt linked to German reparations is €278.7 billion euros, including €10.3 billion for the so-called forced loan. All the other amounts are related to allowances for individuals or infrastructure,” said the country’s deputy finance minister, Dimitris Mardas.

The figure was calculated by a parliamentary committee and the Greek supreme court. The numbers have previously varied between €269 billion and €332 billion.

Mardas added that at the 1946 Paris Conference the amount of reparations was set at $341.2 billion. Continue reading »

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Apr 06

Spiegel Greece Merkel

Greece Calculates Germany Owes It A Third Of Its GDP In WWII Reparations (ZeroHedge, April 6, 2015):

With almost 70% of Europeans already believing that Greece is a drag on the EU economy, this morning’s statement by Greek Alternate Finance Minister Dimitris Mardas – coming just a week after the war-raparations committee was set-up, telling lawmakers in Parliament that he has calculated that Germany owes Greece EUR 278.7 billion in World War II reparations, will surely deepen the rift (at almost 40% of Germany’s EUR 735 billion GDP) whether right or wrong.

As Bloomberg reports, Continue reading »

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Apr 04

bank cash

Germany Generously Offers To Freeze The Bank Accounts Of Wealthy Greeks (ZeroHedge, April 4, 2015):

Back in 2013, when one cuts through the rhetoric and posturing, what the Cyprus depositor bail-in and subsequent capital controls were all about, was an attempt to confiscate deposits of ultra-wealthy Russian billionaires held the banks of this beloved by the Russian oligarchy offshore tax haven. At least that was the theory: in practice the wealthiest Russians got advance notice of what the Greek government in collaboration with the Eurogroup was planning, and quietly moved their funds to even safer offshore venues, leaving the local population to pick up the pieces.

Fast forward two years later, when Greece is on the verge of complete monetary collapse and which is now scrambling to “borrow” funds from local pensions and other public sources of scarce capital just to remain in compliance with IMF debt repayments and avoid a hard default. In fact, according to some, Greece may not have the funds to make its next mandatory payment due on April 9 to the IMF with the long overdue Greek exit from the Eurozone to follow in due course. Continue reading »

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