ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jul 08 15:15

Faber: “Wake Up, People of the World! Greece Will Come to You …Very Soon”

“Wake up, people of the world and investors! Greece will come to your neighbourhood very soon, maybe not this year but next year or whenever…because the world is over-indebted and defaults will follow or they’ll have to create very high inflation rates”.

Jul 08 15:09

Homelessness and empty stores becoming the new normal in NYC

If you’ve been out and about in Manhattan over the past six weeks and you have eyes and ears, you know something’s happening — something worrisome.

Jul 08 15:05

And Now for a Putsch in Athens? Yes, if Neocon Schemers Have Their Way

A putsch in Athens to save allied Greece from enemy Russia is in preparation by the US and Germany, with backing from the non-taxpayers of Greece – the Greek oligarchs, Anglo-Greek shipowners, and the Greek Church. At the highest and lowest level of Greek government, and from Thessaloniki to Milvorni, all Greeks understand what is happening. Yesterday they voted overwhelmingly to resist. According to a high political figure in Athens, a 40-year veteran, “what is actually happening is a slow process of regime change.”

Jul 08 14:30

Michelle O unveils $600,000 changes to White House dining room

Michelle Obama unveiled her ‘modest’ remodel of the White House State Dining Room on Tuesday.

Jul 08 14:16

EU's Tusk Urges Tsipras to 'Seek Help Among Friends, Not Enemies'

Donald Tusk urged Greek Prime Minister Alexis Tsipras to turn to friends for help but the president of the European Council did not specify who those were.

It is clear who Tusk is referring to. He is attempting to dissuade Greece from entertaining any notions of partnership with Russia. In reality, Greece has no friends among the majority of the European Parliament and Commission, who are in the case of the former are little more than serial gravy-train passengers. In the case of the latter, they are unelected politburo-style bureaucrats and banksters' puppets. On the other hand, Greece has long-standing cultural ties with Russia.

Jul 08 14:14

Be Afraid: Obama Enters Greek Financial Crisis

Jul 08 13:25

Planned US Coup in Greece?

Washington’s geopolitical strategy when bullying fails is either assassinating independent leaders, color revolutions, military coups or naked aggression.

If Moscow-based independent investigative journalist John Helmer is right, Greek Prime Minister Alexis Tsipras is a marked man and SYRIZA governance on thin ice showing cracks.

Jul 08 13:18

Tsipras Slams Austerity at EU as Greece Requests New Bailout

Greek Prime Minister Alexis Tsipras called for the eurozone to reach a deal with sustainable solutions to the Greek crisis in a speech at the European Parliament Wednesday, saying the “austerity laboratory” that Greece has become has been a failure for the country’s people.

“The simple fact is that we have to face and accept that the majority of the Greek people feels that they have no other choice other than to demand that they be given a way out of this impasse and this dead end," said Tsipras, adding that poverty and public debt have soared with the austerity “experiment” imposed on Greece.

Jul 08 13:04

Inside 'billionaire summer camp': Tycoon Elon Musk brings wife he's already divorced twice while recently widowed Sheryl Sandberg is accompanied by a friend

The annual summer camp for billionaires kicked off in Sun Valley, Idaho on Tuesday - and attendees were up early for breakfast Wednesday morning.

Elon Musk, 43-year-old CEO of Tesla, led the swarm of moguls, arriving hand-in-hand with his wife, British actress Talulah Riley, 29, after tearing up their second set of divorce papers earlier this year.

Sheryl Sandberg, Facebook COO, arrived with a female friend, two months after the death of her husband, SurveyMonkey CEO David Goldberg. Last year they attended the conference together.

This year's appearance, wearing a ring on a chain around her neck, comes a day after Sandberg announced she is taking a seat on the board of SurveyMonkey to 'realize' Goldberg's vision.

Others spotted on the walk were Rupert Murdoch and one of his heirs Lachlan and Disney's beloved CEO Bob Iger and his wife Willow Bay. James Murdoch arrived separately with his wife.

Jul 08 12:04

Systemic "Holidays" Are Coming to Banks, Money Market Accounts and More in the Weeks Ahead

This morning both the NYSE broke (canceling all open orders) and China outlawed selling stocks for large investors.

These two items seem completely unrelated… however, the reality is they are both based on a theme we outlined back in May 2015.

Jul 08 11:42

Prepare for Economic Collapse: Oath Keepers Calls for Emergency Summits

While speaking recently at the First Annual Oath Keepers Awards Banquet in New York, Founder and Director of Oath Keepers Stewart Rhodes issued an urgent directive to all Oath Keeper chapters across the country to hold an Emergency Summit by state in order to prepare for an economic collapse.

(read more)

Jul 08 11:39

The Globalists Are Racing to World War III Before the American Sheeple Wake Up

f you think the globalists are pushing pedal to the metal now, you’re absolutely right! Rapid acceleration toward their one world government has humanity on a fateful collision course to Armageddon. Just look at the unfolding events in 2015 so far with barely half the year over. The Charlie Hebdo attack in January came right after France moved to recognize a sovereign Palestinian state. Clearly Hebdo was a false flag payback that only escalated movement toward more Orwellian tyranny and draconian police state oppression, not only in France but around the world.

Jul 08 11:35

Throughout history, debt and war have been constant partners

There is this idea that the Greeks got themselves into this current mess because they paid themselves too much for doing too little. Well, maybe. But it’s not the complete picture. For the Greeks also got themselves into debt for the oldest reason in the book – one might even argue, for the very reason that public debt itself was first invented – to raise and support an army. The state’s need for quick money to raise an army is how industrial-scale money lending comes into business (in the face of the church’s historic opposition to usury). Indeed, in the west, one might even stretch to say that large-scale public debt began as a way to finance military intervention in the Middle East – ie the crusades. And just as rescuing Jerusalem from the Turks was the justification for massive military spending in the middle ages, so the fear of Turkey has been the reason given for recent Greek spending.

Jul 08 11:34

Planned US Coup in Greece?

Wherever neocon Assistant Secretary of State for European and Eurasian Affairs Victoria Nuland shows up (Hillary Clinton’s handpicked choice for the job), trouble usually follows.

Helmer says she’s “in charge of warmaking in Europe.” Her notorious involvement in Ukraine’s February 2014 coup is well documented.

According to Helmer, she gave Tsipras two ultimatums in Athens last March – surrender to Troika demands and remain allied with US-dominated NATO’s anti Russian agenda.”

Her spokeman Mark Toner said Washington is “focused on, frankly, the opposite (of Sunday’s referendum), which is finding a path forward that allows Greece to continue to make reforms (more austerity), return to growth (by letting Troika bandits rape its economy and population), and remain in the Eurozone.”

Jul 08 11:17

Tsipras to EU: Greece's Days as 'Laboratory for Austerity' Are Over

In a speech before European Parliament, Greek Prime Minister says, 'We want an agreement that will give a final end to the crisis and show there is light at the end of the tunnel.'

Jul 08 11:16

Gold Default COMEX Almost....

Jul 08 11:16

U.S. Trade Deficit Grows

Jul 08 11:08

UKIP Party Leader Predicts Death of 'EU Project'

The European Union may soon become irrelevant, head of the eurosceptic United Kingdom Independence Party (UKIP) Nigel Farage said Wednesday.

Jul 08 11:05

After 6-Year Tenure Not Prosecuting Banks, Eric Holder Returns 'Home' to Defend Them

Former U.S. Attorney General Eric Holder's return this week to a high-level position at Covington & Burling, a corporate law firm that represents big banks, has some calling it a dramatic and troubling example of the Washington-to-Wall-Street revolving door.

Jul 08 10:12

Greece and The EU House Of Cards

Jul 08 10:09

FBI raids Michigan Jewish college suspected of defrauding federal government

Federal agents raided the offices of a Jewish college that has prospered from millions of dollars in federal aid even though almost all its students live in Israel and hardly any of them graduate.

Federal officials declined to comment on the reason for the July 7 raid at Michigan Jewish Institute, in a suburb of Detroit.

But in 2012, the Forward showed how MJI’s assets soared as the college enrolled thousands of students in distance and online learning courses.

During a five-year period, MJI’s students claimed $25 million under the Federal Pell Grant Program, which is designed for the neediest American students.

Almost all those students took degree courses in Judaic studies at yeshivas and seminaries in Israel that they never completed.

Webmaster's Commentary: 

I wonder if Hillary still thinks BDS is the big problem with colleges!

On a side note, the failure of these students to complete their courses underlines a common human trait; people do not respect or value things which they get for free. The more the American taxpayer showers all over Israel, the more disdainful of Americans' "generosity" Israel becomes!

Jul 08 09:51

Microsoft To Cut 7,800 Jobs

Jul 08 09:17

Greece – The Triumph of Democracy – the first day of a New Beginning

Congratulations! – With a resounding “OXI” = “No” – with 61% the Greek rejected the troika imposed austerity. They joined a majority of economists worldwide, including from the IMF, who also know that austerity doesn’t help recovery – and certainly doesn’t wipe out debt, the noose around a country’s neck.

But – what does the decisive no-vote mean for the 39% yes-voters? – Do they want more of austerity? – Hardly. Or were they manipulated with fear-mongering by the mostly privately owned western media, which also dominate Greece?– Blackmailed by the threats of Brussels? – Were they afraid of what’s next? – Western presstitute media propaganda for a “yes” vote, spiked with fear, threats and purposeful confusion was horrendous.

Jul 08 09:14

Greece: The Pearl Cast Before Swine

The Greece referendum was a victory, and a victory can do wonders even to wet and wobbling leaders. It would be a shame to cast the pearl of Greece to the banker swine.

How to beat banksters at their own game?

Jul 08 09:13

New York Stock Exchange shut down over tech glitch

The New York Stock Exchange had to shut down trading abruptly shortly before noon Wednesday over what officials said was a technical malfunction that froze computers on the market’s fabled trading floor.

One of the world’s biggest stock exchanges had seen shares trending down throughout the morning because of economic crises in Greece and China, but all trading halted at 11:32 a.m. as data on trades and prices apparently stopped coming into the traders’ computer screens.

Webmaster's Commentary: 

Could this be the start of the virtual 9-11?

The website for the Wall Street Journal was also down for a while!

Jul 08 09:13

VIRTUAL 9-11: Will the US & Israel Hack The US Banking System Computers and Falsely Blame It On Iran (or Syria or Russia or China)?

So what it looks like is being planned, and pre-sold to the American people with all these stories about celebrities' personal information being hacked and made public (an activity that produces no profit for the hackers other than news headlines), and the "Syrian" (nudge nudge wink wink) hack of the AP Twitter feed that shocked the US stock market, is that the US Government will itself take down the US financial computers, and blame it on Iran /Russia/ China/Al Qaeda/Syria/Arabs and others to be named as convenient. This gets Wall Street and Washington DC off the hook, because now the financial melt-down is an act of war, rather than the result of decades of Wall Street crime and corruption and the predations of Private Central Banks.

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Jul 08 09:08

Greece Preparing "Alternative Currency", Kathimerini Says

Facing an acute cash shortage and a worsening credit crunch which together threaten to leave government employees in the lurch and cut off the flow of imported goods, Kathimerini says Greece is preparing for the launch of an "alternative currency."

Jul 08 09:01

Barclays sacks chief executive Antony Jenkins in row over strategy

British multinational banking and financial services company, Barclays, has ousted its chief executive Antony Jenkins.

Jul 08 09:00

Why Greece will have to exit the eurozone

It’s just a matter of how long – and how much suffering – it takes for Europeans to understand that the eurozone is finished.

Jul 08 08:51

Microsoft to Cut Jobs, Take $7.6 Billion Writedown on Nokia

Microsoft Corp. plans to cut as many as 7,800 jobs and write down about $7.6 billion on its Nokia phone-handset unit, wiping out nearly all of the value of a business it acquired just 14 months ago.

Jul 08 08:48

Trading Halted On NYSE Floor

Jul 08 08:45

NYSE trading halted; stocks down 1% as China, Greece weigh

Trading on the New York Stock Exchange was suspended in late-morning trade on Wednesday with U.S. stocks down about 1 percent on Wednesday as continued concerns about Greece and the extended selloff in the Chinese market pressured investor sentiment.

"We've had some technical malfunctions. Some may be related to connectivity with other exchanges. I believe we're going to have a temporary pause certainly in a variety of stocks perhaps floor wide," Art Cashin, director of floor operations at the NYSE, told CNBC.

Jul 08 08:40

Bank of Canada accused of conspiracy by Committee for Monetary and Economic Reform (COMER)

A Canadian appellate court has handed down a ruling that may pave the way for an escape from debt-based money.

Jul 08 08:30

A Greek Tragedy Playing Out Today

By Catherine J. Frompovich

The Greek people have been known throughout history for two social contributions: developing the form of governance known as “democracy” and for their classic drama plays, which usually are referred to as “Greek tragedies.”

Little did the Greek people think that they would be living a very real life, true Greek tragedy that has unfolded with uncanny drama: Banks closed for a week, maybe longer; 60 Euros as a “daily ATM allowance”; all while probably becoming a poster child for what may be the eventual undoing of the European Union. How so?...

Jul 08 08:27

Microsoft to cut 7,800 jobs, mostly in phone business

Microsoft is cutting 7,800 jobs, primarily employees involved in its Windows Phone business, and is taking a $7.6 billion write-down related to its Nokia acquisition.

Jul 08 08:16

Greece Must Meet Sunday Deadline to Reform or Face Euro Exit

European leaders set a Sunday deadline for Greece to accept a rescue, saying otherwise they’ll take the unprecedented step of propelling the country out of the euro.

Jul 08 08:08

The New York Times Urges the Troika to "Make an Example of Greece"

It is often the moral and economic blindness of New York Times articles about the EU crisis that is most striking. The newest entry in this field is entitled "Now Europe Must Decide Whether to Make an Example of Greece." That is a chilling phrase most associated in our popular culture with a Consigliere and his Don deciding whether to order a mob "hit." It is, therefore, fitting (albeit over the top) as a criticism of the troika's economic, political, and propaganda war against the Greek people. Except that the article is actually another salvo in that war.

Webmaster's Commentary: 

Jul 08 08:01

Greece Refuses Pound of Flesh


I find it somewhat amusing how bankers who make billions from financial manipulations have the gall to lecture Greece that they must accept an austerity plan. These are people who fly in private jets (while lecturing us about global warming) and buy mansions far away from the diversity they proclaim to love. These same people dare to lecture the elderly in Greece that they must work into their old age so that these shysters can get their pound of flesh.

Jul 08 07:59

EU dismisses Greek referendum as 'not legally correct'

Greece’s referendum was not “legally correct”, the European Commission has declared.

Valdis Dombrovskis, the Latvian-born EU vice president responsible for the euro, said the vote had “complicated” the work of the creditors and had left the Greek government in a weaker, not stronger, negotiating position.

Jul 08 07:53

TURBULENCE HITS STREET

Jul 08 07:39

EU Makes Greece ‘An Offer They Can’t Refuse': Agree To A Deal By Sunday Or Go Bankrupt

It looks like we aren’t going to have to wait much longer to see if Greece remains part of the eurozone or not. Instead of softening their demands in the wake of the Greek referendum, European leaders have given the Greek government an ultimatum.

Jul 08 07:33

U.S. Wealth-Concentration: The Most-Accurate Current Estimates

Wealthiest Tenth (10%) of Americans Own 75% of America; They Draw 40% of All U.S. Income.

Wealthiest Hundredth (1%) of Americans Own 43% of America; They Draw 20% of All U.S. Income.

Wealthiest Thousandth (0.1%) of Americans Own 22% of America; They Draw 8% of All U.S. Income.

Wealthiest Ten-Thousandth (0.01%) Own 11.2% of America; They Draw 5% of All U.S. Income.

Jul 08 07:29

Is Ukraine The Next In Line For Default?

By Brandon Turbeville

As Greece concludes its vote to reject IMF austerity measures and impossible “debt repayment mechanisms” and as the Puerto Rican debt cauldron bubbles off the shores of the United States, there is yet another country whose debts to private bankers, the IMF, and other “creditors” is about to come due – Ukraine...

Jul 08 07:12

The Essence Of The Banking Industry

Webmaster's Commentary: 

From the movie, "The International", which for some reason is not among the endless flood of banal re-runs all over cable TV these days! :)

Jul 08 07:10

Greece And The EU Situation — Paul Craig Roberts

I doubt that there will be a Greek exit.

The Greek referendum, in which the Greek government’s position easily prevailed, tells the troika (EU Commission, European Central Bank, IMF, with of course Washington as the puppet master) that the Greek people support their government’s position that the years of austerity to which Greece has been subjected have seriously worsened the debt problem. The Greek government has been trying to turn the austerity approach into reforms that would lessen the debt burden via a rise in employment, GDP, and tax revenues.

The first response of most EU politicians to the Greek referendum outcome was to bluster about Greece exiting Europe. Washington is not prepared for this to happen and has told its vassals to give the Greeks a deal that they can accept that will keep them within the EU.

Webmaster's Commentary: 

The Troika may tell DC to shove it. They can't cut Greece any slack on the debt without triggering a flood of demands for the same from all the other EU member states driven into poverty by private central banking.

Jul 08 07:08

The revolt spreads - 'We don't want Western institutions to dictate us what to do' - South Africa's Zuma

With the current world bank system having been established a while ago, time has come for new financial institutions to be developed globally, South Africa's President Zuma told RT. BRICS and its New Development Bank is one of such alternatives, he said.

"We've had these old banks that have been established many years back. The world has moved, it has developed. For a number of years we've been calling for the transformation of financial institutions, globally," President Jacob Zuma said in an interview with RT's Sophie Shevarnadze.

Jul 08 07:07

True government for the people: Iceland jails corrupt banksters and grows booming economy

Banks around the world are no longer the quaint little savings-and-loan depositories of yesterday. Today, most of them are owned or co-opted by giant mega-wealthy criminal conglomerates that charge customers for everything from cash deposits to ATM fees.

One Western country finally figured out that allowing these criminal enterprises to continue operating business as usual was hurting growth and destroying its economy, so its government decided to make some serious reforms.

Instead of bailing out the big criminal banking enterprises, Iceland instead chose to try, convict and jail criminal banksters. And as a result, the country has the fastest recovering economy in all of fiscally moribund Europe.

Jul 08 06:36

China stock market freezing up as sell-off gathers pace

China's tumbling stock market showed signs of seizing up on Wednesday, as companies scrambled to escape the rout by having their shares suspended and indexes plunged after the securities regulator warned of "panic sentiment" gripping investors.

Webmaster's Commentary: 

I am rather amazed that as Greece, Ukraine, Puerto Rico, Detroit, all circle the drain that the stock market in China gets hammered while the west miraculously emerges unscathed. Frankly, I an wondering if we are seeing the weaponization of the stock market to wage economic wear on China. The US goal was to find a way to wreck the Yuan to make it less attractive than the dollar, and the same high-frequency trading that can drive stocks up can be used to drag them down!

Jul 08 05:53

IMF WILL NOT Declare Greece In Default Despite NO Vote

Webmaster addition: This is to block the holders of credit default swaps on Greece's debt from demanding payment. No matter what happens, the money/junkies will never admit there has been a default. They will use some other word or phrase to screw the people who bought those swaps.

Jul 08 01:22

Oil Falls Off the Chart, Crushes Hopes

Jul 07 23:00

Greek ‘No’ Vote Spurs Wider Resistance

Greek voters rebelled against Germany and the dominant powers of Europe by rejecting demands for more austerity, but the Greek resistance also is resonating across the Continent, emboldening other hard-pressed countries tired of Depression-like conditions.

Despite an unprecedented fear campaign, brave Greeks plunged the European Union into a moment of reckoning with a deafening “no” to “bullying,” “terrorism,” and “humiliation” – or more precisely, 61 percent voted against and 39 percent for creditors’ terms that would have condemned not just Greeks, but millions of other Europeans to another decade of austerity and hardship.

Jul 07 22:47

Will Europe’s leaders come to their senses about Greece?

The Greeks have made their choice. Faced with two painful alternatives, they chose to stand with their elected leaders and to reject overwhelmingly the harsh, unending austerity that their creditors demanded. Now Europe’s leaders must make their choice. Will they come to their senses and open new negotiations with the Syriza government? Or will they remain unbending, force Greece into official bankruptcy and inexorably out of the euro?

Jul 07 20:31

China Shares Fall Sharply Despite Fresh Help From Beijing

Chinese shares fell sharply early Wednesday, even as Beijing scrambled to arrest a three-week selloff.

The Shanghai Composite fell as much as 8.2% at the start of trading. The index is now down 5% at 3546.54. The smaller Shenzhen Composite fell 3.9%. China’s main stock benchmarks have lost more than a third of their value since hitting mid-June highs.

Hundreds of Chinese stocks were frozen from trading Wednesday, with 1,287 companies halted. That represents 45.6% of the constituent stocks of the Shanghai Composite and Shenzhen Composite and $2.5 trillion of market capitalization, according to data from FactSet.

Jul 07 19:30

The Mint Is Out Of Silver Eagles

The bullion banks knew that the Mint was going to be forced to release the news that it was out silver – that’s why silver was slammed in the paper market when the Comex trading floor opened.

This is as criminal as it gets.

...

This also means that the Comex vaults are technically out of any silver that they could supply to the mint.

CNT is one of the bigger silver custodians and they specifically supply the mint with silver. If the Comex vault operators had customer silver that they could hypothecate to the mint they would be doing that. It tells me that the Comex vault operators don’t think they can get ahold of silver to replace any silver that could be “borrowed” and sent to the mint.

Technically, the mint is required by law to make enough silver eagles to meet demand….

Jul 07 18:28

European Stocks, Chinese Stocks And Commodities Are All Crashing – Are U.S. Stocks Next?

A global stock market crash has begun. European stocks are crashing, Chinese stocksare crashing, and commodities are crashing. And guess what? All of those things happened before U.S. stocks crashed in the fall of 2008 too.

Jul 07 17:43

CHINA ‘HEADING TOWARDS 1929 MARKET CRASH’

While all Western eyes remain firmly focused on Greece, a potentially much more significant financial crisis is developing on the other side of world. In some quarters, it’s already being called China’s 1929 – the year of the most infamous stock market crash in history and the start of the economic catastrophe of the Great Depression.

Jul 07 17:07

Gold And Silver Are Paper-Slammed – Is The System Collapsing?

By Dave Kranzler

When a thoroughly corrupt government wants to try and hide something from the public, they exert an all-out effort to misdirect and cover-up. The financial markets are no different. It’s been obvious to anyone with one good eye and one brain cell that the puppet-masters behind the Wall Street/DC “curtain” have been propping up the Dow/S&P 500 and exerting forceful downward pressure on the price of gold and silver. Why gold and silver? Because gold and silver, for 5,000 years, have been the world’s “alarm system” alerting everyone when something is terribly wrong...

Jul 07 16:53

Silver Breaks Down To Lowest Level Since 2009

Jul 07 16:50

Gun Sales Spike 11% In June

Jul 07 15:55

Dear Banksters...Do Us All A Favor

Jul 07 15:54

Gold And Silver Are Paper-Slammed – Is The System Collapsing?

How is it that day after day gold and silver get smashed when the NY Comex floor trading opens? Does it seem odd that, nearly everyday for the last 4+ years, that at 8:20 a.m. EST all of a sudden the world decides to unload paper gold and silver positions?

How is it at all possible that the price of gold and silver are collapsing like this when China has imported a record amount of gold in the first half of 2015? China and India combined are importing more gold than is being produced on a daily basis. India is importing by far a record amount of physical silver. These countries require the physical delivery of the metal they buy. It’s not good enough for the bullion banks to offer free vault storage in London or NYC. The misrepresentation of the true, intrinsic price of gold and silver by the NY and London paper markets is perhaps the greatest fraud in history.

Jul 07 15:41

Flashback: Russia invites Greece to join BRICS bank

Greece has been invited by Russia to become the sixth member of the BRICS New Development Bank (NDB). The $100 billion NDB is expected to compete with Western dominance and become one of the key lending institutions.

BRICS establish $100bn bank and currency pool to cut out Western dominance
The invitation was made by Russian Deputy Finance Minister Sergey Storchak on Monday during a phone conversation with Greek Prime Minister Alexis Tsipras, according to a statement on Greece's Syriza party website.

Jul 07 15:40

Greece may apply for BRICS bank, but not discussed officially – Putin's aide

The issue of Greece joining the BRICS bank hasn’t been officially discussed, one of President Putin’s top aides Yuri Ushakov told RT, Vesti and Ria, commenting on media reports that Athens had been invited to join the institution.

Rumors about Greece possibly joining the bank emerged ahead of the leaders of Russia, China, Brazil, India and South Africa preparing to launch their own development bank at a the seventh summit of the organization in Russia’s Ufa later this week.

“There has been speculation in the media that Greece may apply for accession to the New Development Bank. We know of these assumptions, but so far no one has officially discussed such an option with us,” Yury Ushakov, President Putin's aide, said.

Jul 07 15:18

Thoughts On Greece ... From Zimbabwe

"Greek banks closed for a week, cash withdrawals from ATM’s restricted to a limited amount per person per day is all too familiar to Zimbabweans. We know exactly how this feels: the fear, anger, despair and disbelief that goes with watching your life savings evaporating and knowing there’s nothing you can do to save it."

Jul 07 15:10

Is It Really Different This Time?

Jul 07 14:51

Gun sales spike in June

Background checks for gun sales spiked 11% in June compared to last year, making it the busiest June ever, according to the FBI’s background check data.

Jul 07 14:37

Imminent: U.S. Mint To Suspend Sale of Silver Eagles: “Demand For Physical Silver Is Exploding”

The global financial crisis is in full effect right here and now, and despite what we’re being told by the puppets in mainstream media it is not contained.

Jul 07 14:09

It Is NOT Priced-In, Stupid!

Jul 07 14:00

Gerald Celente: The Great Global Panic Is On

Jul 07 13:47

Bank staff sacked for mock execution video

Six British bank staff members have been sacked after filming themselves staging a mock Isis-style execution during a team-building day out.

The HSBC workers were dressed in overalls and balaclavas at a go-karting centre when they staged a beheading scene, the Sun reported.

Footage posted online showed five of them laughing as a colleague in an orange jumpsuit, named as Saf Ahmed, knelt at their feet.

One clutched a coat hanger as a fake knife while another held Ahmed.

A worker apparently shouted "Allahu Akbar", a phrase often heard from Isis (Islamic State) in videos of them murdering hostages, before one was heard whooping.

Jul 07 13:45

Mass Protests in Armenia Trace Their Inspiration to…Kim Kardashian

The report on Lifenews last week listed similarities between “the scenario” of Electric Yerevan and the Maidan revolution in Kiev last year: cookies supposedly supplied by the U.S. State Department were “noticed” being handed out a Yereant rally; U.S. Assistant Secretary of State Victoria Nuland had recently visited Armenia.

Jul 07 13:43

US Preparing Coup to Prevent Greece from Falling Under Russian Influence

The United States and Germany are prepared to engineer a coup in Greece to keep the country operating as a strategic asset on NATO’s vulnerable southeast European flank.

“A putsch in Athens to save allied Greece from enemy Russia is in preparation by the US and Germany, with backing from the non-taxpayers of Greece – the Greek oligarchs, Anglo-Greek shipowners, and the Greek Church,” writes John Helmer, the longest continuously serving foreign correspondent in Russia not connected to the corporate media.

The primary tip-off something is brewing can be detected by the presence of Victoria Nuland, assistant secretary of state for European and Eurasian affairs, in Athens in March.

Jul 07 13:35

Germany Caused the Crisis, Germany Must Solve It

Heiner Flassbeck, former director of UNCTAD, says German economic policy put Greece into crisis and progressive Germans must stop the irrational bleeding of the Greek people.

Jul 07 13:11

US Mint Runs Out Of Silver On Same Day Price Of Silver Plunges To 2015 Lows

The US mint running out of physical silver, confirming surging demand, on the same day the price of spot silver plummets, implying dropping demand. just does not quite compute...

Jul 07 13:04

FLASHBACK - Harry Reid: "I think we should audit the Federal Reserve"

Jul 07 12:58

Social Security Declares 9,000 Americans Dead Each Year Who Aren’t

Can you imagine what would happen if you were at the grocery store checkout and your credit card was flagged for fraud?

Not only could you not buy food for you and yours, you’d then have to go down to your bank or call to get things straightened out. Only, what would you do if your bank told you there was nothing anyone could do because the government had officially declared you dead to the system?

Apparently this happens to around 9,000 Americans every year, and it completely wrecks their lives (no pun intended).

Jul 07 12:58

You Won’t Believe How Much Mass Surveillance Costs Each Household

The numbers are in. Not only does the British government spy on its citizens, it forces them to foot the bill. It is the taxpayers who bear the costs of the growth of mass surveillance. And the costs are far greater than earlier estimates suggested.

Jul 07 12:25

It’s Not Just A Greek Problem, It’s A Bursting Global Debt Bubble

The debt is insurmountable and it can never be paid back in any possible way whatsoever. -- The way the current financial system works is that it REQUIRES that we borrow for ‘it’ to continue. However when it is admitted that we have borrowed too much and the burden has become so enormous – to the point of an inability to pay it, we have a debt crisis.

Jul 07 12:01

CENSUS: One in five Americans on welfare

One in five Americans participates in government assistance programs each month, according to the most recent data released by the U.S. Census Bureau.

Jul 07 11:19

Corporate Capitalism [i.e. Fascism] Is the Foundation of Police Brutality and the Prison State

Our national conversation on race and crime is based on a fiction. It is the fiction that the organs of internal security, especially the judiciary and the police, can be adjusted, modernized or professionalized to make possible a post-racial America. We discuss issues of race while ignoring the economic, bureaucratic and political systems of exploitation—all of it legal and built into the ruling apparatus—that are the true engines of racism and white supremacy. No discussion of race is possible without a discussion of capitalism and class. And until that discussion takes place, despite all the proposed reforms to the criminal justice system, the state will continue to murder and imprison poor people of color with impunity.

Jul 07 11:04

Large Bank Admits Bitcoin Is A Serious Threat

Jul 07 11:00

CONFIRMED – US Mint Suspends Silver Eagle Sales

While preparing for an interview with Wolf Richter, Wolf Street, Dave Kranzler informed me that he had received an email at approximately 11:18 am Central time, reporting the suspension of American Silver Eagles.

I then reported exactly what was known:

According Bill Holter, the US Mint has suspended sales of Silver Eagles.

This ties in with what we have been reporting for several weeks–that a silver shortage was predicted for September/October. If you recall last year the US Mint sold out during October/November–the US Mint has not been able to produce Silver Eagles for a continous 12 month stretch for the past two calendar years. The last continuous 12 month run of sales was 2013!!

Webmaster's Commentary: 

If there is a shortage, why are silver proves down?

Jul 07 10:54

As Greece Falls, Will Those With Gardens Survive?

Heather Callaghan, Contributor
Waking Times

Greeks don’t want austerity, but the future is bleak and unknown. As of Friday, grocery shelves were being stripped bare of staple cooking goods, and pharmacies ran out of crucial medicines like thyroxine (thyroid treatment). More than half of those items are imported, but with banking plugs, companies are unable to pay suppliers. Things are frozen; stopped, and tens of thousands of tourists had allegedly cancelled bookings this past weekend.

Jul 07 10:48

Greece debt crisis: Angela Merkel and Francois Hollande issue Athens with 24-hour ultimatum to avoid crashing out of the euro

The eurozone’s two most powerful politicians have brushed aside the resounding No vote in the Greek referendum and told Athens that it has one last chance today to offer a new plan to get its economy in order – and avoid crashing out of the single currency. However, other leaders are losing patience, with the Dutch Prime Minister telling Athens to accept reforms or "it's over".

The unyielding line from the German Chancellor, Angela Merkel, and French President, François Hollande, came as the European Central Bank tightened the noose around Greece’s tottering lenders by squeezing their liquidity lifeline, ahead of Tuesday's summit of eurozone leaders.

The Greek government upped the stakes further by revealing that the Prime Minister, Alexis Tsipras, had telephoned the Russian President, Vladimir Putin, to discuss the consequences of the referendum in which Greeks voted by 61 per cent to 39 per cent to reject the EU’s previous austerity demands.

Webmaster's Commentary: 

My best guess here would be that Greece will refuse this ultimatum, and will be handed a financial lifeline by Russia.

The Eurozone's problem is that if they show Greece some economic mercy, other European countries will demand the same kind of deal in struggling with their debt.

Jul 07 10:41

Gold Up & S&P Down?

Jul 07 10:09

JACK MA STOCK SWEAT

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