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“Calm Reigns” Everywhere As Greece Inches Closer To Default, China Crashes
“Calm Reigns” Everywhere As Greece Inches Closer To Default, China Crashes In what is perhaps the most glaring instance of central bank intervention yet,Reuters today captured the market mood as follows: “Calm ruled Europe’s stock and currency markets on Friday as Greece inched closer to a default later this month….the euro was down just 0.3 percent […]
NATO Lies to NPR
NATO Lies to NPR On June 17th, U.S. National Public Radio (NPR) interviewed NATO’s and America’s General Ben Hodges, who is the Commanding General of the U.S. Army in Europe, which is “NATO’s most senior land forces command.” He said (after 4:54 in the audio): “This notion that somehow, Russia, you know, has no choice but to respond or […]
An Affirming Flame
An Affirming Flame According to an assortment of recent news stories, this Thursday, June 18, is the make-or-break date by which a compromise has to be reached between Greece and the EU if a Greek default, with the ensuing risk of a potential Greek exit from the Eurozone, is to be avoided. If that’s more […]
Is Telling Lies A Democratic Right?
Is Telling Lies A Democratic Right? While I’m on the Greece topic again today, I can’t help but pointing out some of the changes in tone I’ve noticed in the press recently, shifting towards outright oftentimes vicious if not ridiculous antagonism vs Greece. Remember, there is an agenda, there are pre-cooked narratives galore, and these […]
The Next Great European Financial Crisis Has Begun
The Next Great European Financial Crisis Has Begun The Greek financial system is in the process of totally imploding, and the rest of Europe will soon follow. Neither the Greeks nor the Germans are willing to give in, and that means that there is very little chance that a debt deal is going to happen […]
Europe Warns Of “State Of Emergency” As Greek Stalemate Drags On
Europe Warns Of “State Of Emergency” As Greek Stalemate Drags On Talks between Greece and creditors collapsed on Sunday after Athens once again refused to compromise on a the pension cuts and VAT hike the troika insists are necessary if the country is to receive the final tranche of aid from its second bailout program. We noted […]
The European “Template” For Dealing With Crises: Freezing Accounts, Bank Holidays, and Capital Controls…
The European “Template” For Dealing With Crises: Freezing Accounts, Bank Holidays, and Capital Controls… More and more analysts are beginning to take note of the “War on Cash.” However, they’re missing the fact that the actual template for what’s coming to the US first appeared in Europe back in 2012. Back in March of 2012, […]
Germany, France Call for Fiscal and Political Union. Public Ignorance Vital for Success of EU Power Grab
Germany, France Call for Fiscal and Political Union. Public Ignorance Vital for Success of EU Power Grab Since Europe’s sovereign debt problems exploded onto the scene in 2010 the European Union has masterfully exploited the crisis to strengthen its grip over the old continent. It has stripped once-proud, independent nations of the last vestiges of […]
Stay Out Of Harm’s Way—-The Casino Is Fixing To Blow
Stay Out Of Harm’s Way—-The Casino Is Fixing To Blow Shock waves have been rumbling through the global bond market in the last few days. On April 17 the yield on the 10-year German bund pierced through the 5bps level, but yesterday it tagged 100bps. That amounted to a 20X move in 39 trading days. It also amounted to total annihilation if you […]
The Empire Was Temporarily Defeated In Macedonia
The Empire Was Temporarily Defeated In Macedonia Global Research has made available an English translation of Andrew Korybko’s interview with the Macedonian NetPress. Washington’s color revolution for Macedonia has failed for now. Korybko describes how Washington-funded NGOs are used as Fifth Columns to destabilize and to overthrow governments in order to bring countries under Washington’s […]
Central Banks Are Pointing A Weapon Of Financial Mass Destruction—–Right At The Global Bond Markets
Central Banks Are Pointing A Weapon Of Financial Mass Destruction—–Right At The Global Bond Markets For the first time in its country’s history, Portugal sold 6 month T-bills at a negative yield. The 300 million euros ($333 million) worth of bills due in November 2015 sold at an average yield of minus 0.002%. A negative […]
Alexis Tsipras: The Bell Tolls for Europe
Alexis Tsipras: The Bell Tolls for Europe This is a letter From Greek PM Alexis Tsipras in today’s Le Monde. I have little to add, his eloquence needs few comments at this moment. One thing is certain: the negotiations will never be the same. And neither will Europe. Straight from the Prime Minister’s offical website: : Alexis […]
Euro-sclerosis
Euro-sclerosis There appears to be little or nothing in the monetarists’ handbook to enable them to assess the risk of a loss of confidence in the purchasing power of a paper currency. Furthermore, since today’s macroeconomists have chosen to deny Say’s Law1, otherwise known as the laws of the markets, they have little hope of […]
The Pressure Just Shifted from Greece to the US and EU
The Pressure Just Shifted from Greece to the US and EU With the 3rd US Q1 GDP print coming in at -0.7% (-3% if not for inventories), perhaps the media spotlights – and lively imagination – can move away from Greece for a few weeks. The US has enough problems of its own, it would […]
Canada 5 years behind Europe when it comes to banning neonic insecticides
Canada 5 years behind Europe when it comes to banning neonic insecticides ‘Clear connection’ between DDT-like problems and neonics today, French researcher says Canada’s wait and see policy on neonicotinoids, the controversial insecticide often blamed for the widespread death of bees, is “where France was five years ago,” says a researcher with the French National […]
