As the farcical negotiations between Greece and its creditors unfold ahead of a June 5 IMF payment and as Alexis Tsipras is forced to spread false hope just to avoid a terminal bank run, a picture of the Greek endgame has emerged. On the political front, the troika is intent on sending a strong message …
Category: Economy
May 28
Today’s News May 28, 2015
Greece Owes $1.2 Billion To Drugmakers As Government Can No Longer Afford Basic Medical Supplies Talks between Greece and its creditors went full-retard on Wednesday when the following soundbite from Canada’s FinMin Joe Oliver hit the wires: “No Greek payment to IMF would be default to IMF” That seemed self-evident to us, but in a …
May 27
NEO-FEUDAL USA: THE DEATH OF DEMOCRACY
In neo-feudal America, the financial aristocracy and political elite are judged under a different set of laws By Gerald Celente Neither a conspiracy nor conjecture: By every quantitative measure, 21st century America has degenerated from being the beacon of democracy to a neo-feudal state. From crime and punishment to the vast wealth and income-inequality gap, …
May 27
Today’s News May 27, 2015
Iraq Trolls US, Calls Latest Military Operation "We Are At Your Services, Hussein" While some have argued that President Obama and his folly-prone foreign policy debacle is the laughing stock of the world, it seems, as DefenseNews reports, that the Iraqi military is directly mocking America. Just a day after Defense Secretary Ash Carter accused …
May 26
Today’s News May 26, 2015
Chinese Stocks Are Now Up Over 100% Year-To-Date Another day, another dip to be bought aggressively in China. The only catalyst for moar – aside from “well it was up yesterday” – is the news that the Shanghai-HK Stock Exchange aggregate quota will be abolished, leaving room for more speculative excess to flood into 500%-gainers. …
May 25
Ron Paul: The Case For Truly ‘Free’ Trade
Submitted by Ron Paul via The Mises Institute, With recent DC politicking on both the Export-Import Bank and the Trans-Pacific Partnership, we revisit Ron Paul’s 1981 essay “The Case for Free Trade” which explains the basics of truly free trade: Although we think of ourselves as a free-trading nation, it takes more than 700 pages …
May 25
Today’s News May 25, 2015
MeMORiaL DaY 2015: THe LaND OF THE FRee . Once alienated, an “unalienable right” is apt to be forever lost, in which case we are no longer even remotely the last best hope of earth but merely a seedy imperial state whose citizens are kept in line by SWAT teams and whose way of …
May 24
Today’s News May 24, 2015
WoRLD TuRTLe DaY 2015 Never Forget The Price Of Freedom Presented with no comment… Source: Investors.com The Original Chechnya Bombers – The CIA, The Saudis And Bin Laden Authored by F. William Engdahl via New Eastern Outlook, What if Putin is Telling The Truth? On April 26 Russia’s main national TV station, Rossiya …
May 23
Today’s News May 23, 2015
For Today's Investors: Ignorance Is Not Bliss – It Is Oblivion Submitted by Tim Price via The Cobden Centre, “We’re not gonna make it, are we ? People, I mean.” “It is in your nature to destroy yourselves.” “Yeah. Major drag, huh ?” From James Cameron’s ‘Terminator 2: Judgment Day’. Here is …
May 22
Today’s News May 22, 2015
OBAMAS MaSSiVe FiGHT WiTH WaLL STReeT… . Our banks have admitted to crimes And sentenced to pay a few dimes While profits they see Front-running QE We’re living in interesting times The Limerick King ECB's Willful Ignorance: Leaking Central Bank Says Austerity "Compliments" QE Earlier this week, the ECB’s Benoit Coeure pulled a Janet …
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