JUN 30 SIT EC y POL
ZERO HEDGE
IF YOU WANT TO KNOW HOW IS AMERICA… & how they see the world : YOU HAVE TO READ ITS ALTERNATIVE MEDIA… Fox, Cnn.. all corporate media lie, distort & miss-interpret reality
Greece
Becomes First Developed Country To Default To The IMF. S-by Tyler
Durden on 06/30/2015
*IMF SAYS GREECE FAILED TO MAKE PAYMENT DUE TUESDAY
*IMF BOARD INFORMED THAT GREECE IS NOW IN ARREARS
*IMF BOARD INFORMED THAT GREECE IS NOW IN ARREARS
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Europe's
Controlled Demolition. Submitted by Tyler
Durden on 07/01/2015
The EU is blowing up itself by trying to exert far too much
influence on the very member nations that made its existence possible. Brussels
is a blind city. It will take a lot of pain, and probably even the very wars
the EU was originally founded to prevent, to figuratively burn it to the
ground.
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Paul
Craig Roberts Rages: Truth Is Now A Crime Against The State. S- by Tyler
Durden on 06/30/2015
The entire Western edifice rests on lies. There is no
other foundation. Just lies. This makes truth an enemy. Enemies have to be
suppressed, and thus truth has to be suppressed.
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No
End In Sight For Higher-Education Malinvestment. Submitted by Tyler
Durden on 06/30/2015
"A true bubble is when something is overvalued
and intensely believed. Education may be the only thing people still
believe in in the United States. To question education is really dangerous.
It is the absolute taboo. It’s like telling the world there’s no Santa Claus."
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When
Disruption Gets Too Disruptive. Submitted by Tyler
Durden on 06/30/2015
With massive strikes in France and now
drivers shooting passengers, Uber is making headlines everywhere. While
some might say any publicity is good publicity (and any disruption is good
disruption), for the firm valued at $50 billion (with a stunning
operating loss of $470 million and revenues of only $415 million)
perhaps there is a limit to both press and disruption...
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Greece: The Five Possible Paths Forward. Submitted by Tyler Durden on 06/30/2015 Acg. WSJ
Greece is poised between remaining a member of the eurozone
or leaving it. In fact, as
WSJ's Stephen Fidler explains, there are five possible future currency
arrangements for Greece. Here they are...
1. Greece stays in the eurozone:
2. Greece keeps the euro, but sits outside the eurozone:
3. A currency board:
4. A dual system:
5. The new drachma:
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Ukraine
Halts Russian Gas Purchases After Price Talks Fail. Submitted by Tyler
Durden on 06/30/2015
[ The worse: Brazil and Col eliminated from the finals in Copa
America 2015. The best game is coming today: Argentina- Paraguay. In the Groups
round they tied in the incredible 2nd half.. a piece of art ]
June has been a bad month for deals and deadlines all
around: first Greece is about to enter July without a bailout program and in
default to the IMF with the ECB about to yank its ELA support or at least cut
ELA haircuts; also the US failed to reach a nuclear deal with Iran in a
can-kicking negotiation that has become so farcical there is no point in even
covering it; and now moments ago a third June 30 "deal" failed to
reach an acceptable conclusion when Russia and Ukraine were unable to reach an
agreement on gas prices at talks in Vienna on Tuesday. As a result, Ukraine
is suspending its purchase of Russian gas.
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"Off
The Grid" Indicators Suggest US Economy Not Ready For 'Liftoff'. S
by Tyler Durden on 06/30/2015
Every quarter ConvergEx's Nick Colas reviews a raft of
unusual and less examined datasets with an eye to refining and adding
perspective to the more traditional macroeconomic analyses. This quarter’s
assessment of everything from large pickup truck and firearms sales to Google
search autofills for “I want to buy/sell” shows a U.S. economy that is
reasonably strong but growing only very slowly. The chief areas of concern:
Food Stamp participation is still very high at 45.6 million Americans (14%
of the total population) and indicators like used car prices and large pickup
sales are flat.
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After seven long years of aggressively defending a monetary
policy regime that's served to exacerbate the divide between the haves and the
have-nots, the Fed looks at whether "the legend of Robin Hood" offers
any helpful pointers about how to reignite America's economic growth engine.
Spoiler alert: the
Fed doesn't think "taking from the rich to give to the poor" would be
very productive.
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Who
Could Have Seen This Coming?, Submitted
by Tyler Durden on 06/30/2015
It appears Central Bank omnipotence is under threat once
again....
Cross-Asset-Class Volatilities... equities finally
catch up to reality.
It appears you can only hold an ever-expanding balloon of
exuberance underwater for so long.
See Charts: Bloomberg
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Former
Senator Slams Washington As Corrupt "Sewer", Calls For Outraged Young
Americans To Revolt. Submitted by Tyler
Durden on 06/30/2015
"On a more personal level, how can public service
be promoted as an ideal to young people when this sewer corrupts our Republic?
At this point in early twenty-first-century America, the greatest service our
nation’s young people could provide is to lead an army of outraged young
Americans armed with brooms on a crusade to sweep out the rascals and rid
our capital of the money changers, rent seekers, revolving door dancers, and
special interest deal makers and power brokers and send them back home to make
an honest living, that is, if they still remember how to do so."
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Chart
Of The Day: Is China Sending A Warning?. Submitted by Tyler
Durden on 06/30/2015
[ NEW GREAT RECESSION UNDER WAY .. THIS WILL BE WORSE THAN 2008..
]
"I think China may be more important than Greece.
Stick with the drill – stay wary, alert and very, very nimble."
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Fiat
Faith Faltering? Bitcoin Surges 12% Post-Greferendum Announcement. Submitted by Tyler Durden on 06/30/2015 [ La poca fe en el
dollar y en el Euro a punto de colapsar ]
Like it or not, Bitcoin is an alternative to the fiat fraud
money that is the backbone of the status quo. Since Tsipras proposed the
Greferendum, Bitcoin has surged 12% as perhaps - away
from the cornered and manipulated precious metals markets - faith in
fiat is faltering...
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While perhaps not on the scale of China or Russia
assistance, Turkey has thrown its hat into the Troika-Greece farce by offering
financial assistance to its embattled neighbor. As
ekthimerini reports, "We are ready to help Greece survive its
economic crisis with cooperation in tourism, energy, trade,"
Turkish Prime Minister Ahmet Davutoglu said and Turkey's left-wing parties
showed solidarity by adding, "we believe that apart from imposing
austerity policies on peoples of Europe, there can be more reasonable
agreements." While no aid has been asked fro Turkey says it is
ready to evaluate options.
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Malvinas
2.0? Argentina Plans Asset Seizure Of Falkland Oil Companies. S- Tyler
Durden on 06/30/2015
[ Si se planea un
golpe.. tiene que ser arriba… en el país de ellos .. Como lograr que prueben su
propia medicina?.. con que aliados?.. no creo que seria con los mercenarios del
ISIL ]
Is it just election fever, or is Argentina serious
about reclaiming the Falklands Islands?
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Greece
Asks For 2-Year Bailout From ESM, Merkel Shoots It Down. S- Tyler
Durden on 06/30/2015
[Pushing the Grexit is her aim… In my view there is a hidden agenda in
disassembling the EU … quiza se cansaron
de resar a santo equivocado y decidieron romper ataduras con NATO .. la táctica
seria romper 1ro la Union Europea .. este es un lastre para Alemania .. sin la
UE les iria mejor y mejor aún si se unen al poyecto euro-asiatico chino … por
allí está su futuro … preparan un adiós al imperio USA y su NATO? .. de ser
asi, en buena hora ]
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Chicago
PMI Prints Worst June Since 2008 As Employment Tumbles. Submitted by Tyler
Durden on 06/30/2015
Chicago PMI has now missed 4 of the last 5 months and
printed sub-50 contractionary indications for 4 of the last 5 months. … Under
the covers it was ugly - employment plunged to the weakest since Nov 2009,
order backlogs plunges to the lowest since September 2009, and prices paid
rose again (pressuring margins).
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The
Global Template For Collapse: The Enchanting Charms Of Cheap, Easy Credit.
Submitted by Tyler Durden on 06/30/2015
Cheap, easy credit has created moral hazard and nurtured
magical thinking throughout the global economy.
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In
Big Boost To "No" Vote, Schauble Hints Greece Can Default And Stay In
Euro. Submitted by Tyler Durden on 06/30/2015 [ empty
speculation? .. 1ro dijeron que el Gbno
no tiene dinero para org el referendum … ahora dicen que crece el voto por el
NO al grexit… ]
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Why
There Is No Growth: The Entire S&P 500 Free Cash Flow Is Going Back To
Shareholders. Submitted by Tyler
Durden on 06/30/2015 [Good question
.. and better answer ] see la chart:
See full chart in: http://www.zerohedge.com/news/2015-06-30/2015-all-sp-500-free-cash-flow-will-go-back-shareholders
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Submitted by Tyler
Durden on 06/30/2015 - 07:40
- EU in last-ditch bid to Greece, urges "yes" vote to bailout (Reuters)
- In? Out? In between? A Greek legal riddle for EU (Reuters)
- Tsipras Says EU Won’t Eject Greece as Cost ‘Immense’ (BBG)
- Empty Greek ATMs Force Tourists to Stiff Santorini Cabbies (BBG)
- Anti-austerity protests in Greece as bank shutdown bites (Reuters)
- Puerto Rico governor calls for bankruptcy; adviser says island 'insolvent' (Reuters)
- Puerto Rico Urges Concessions From Creditors (WSJ)
- Hilsenrath - For Fed to Delay Rate Hikes, Global Tumult Would Need to Infect U.S. (WSJ)
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Varoufakis
Confirms Greece Will Default To IMF Today. Submitted by Tyler
Durden on 06/30/2015
GREEK FINANCE MINISTER SAYS
GREECE WILL NOT PAY IMF ON TUESDAY.
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European
Regulators Suspend Trading In Greek Bonds Citing "Trading Harmony".
Submitted by Tyler Durden on 06/30/2015
Regulators across Europe are beginning to curtail trading in
Greek assets as the country’s stock market remains closed and Greeks grapple
with capital controls and prepare for a default to the IMF at midnight.
====
INFORMATION CLEARING HOUSE
The West
Has Normalised Racist Wars - But You Can’t Solve Complex Problems With 1,000lb
Bombs
By Frankie Boyle
By Frankie Boyle
‘Radicalisation’ is our new dirty word in the US and UK,
yet radical change is needed. Here’s an idea: stop trying to fix the world with
high explosives
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The Care
and Feeding of a Financial Black Hole
By Dmitry Orlov
By Dmitry Orlov
The poor (European) puppets are unable to understand that
there is no military option when it comes to Russia.
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US Admits
Paying Terrorists For Services Rendered In Syria.
By Brandon Turbeville
By Brandon Turbeville
The United States government has admitted that it funds
terrorists on the ground in Syria yet again, this time placing an individual
dollar amount on the assistance provided
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Nuke Deal
Inches Ahead as US-Iran Play Information War
By Pepe Escobar
By Pepe Escobar
The additional protocol does not contemplate any
inspection of military sites.
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Greece’s
Downfall and Redemption
By Finian Cunningham
By Finian Cunningham
Decades of exorbitant military spending account for
Greece’s present downfall under an Olympian-sized debt. European governments
and news media portray the problem of Greece’s financial woes as public
spending profligacy.
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Full Text:
China Report On Human Rights Record of the United States in 2014
By The People's Republic of China
By The People's Republic of China
To acquire intelligence from suspects of terrorism and
extremism, the CIA used brutal methods, such as sleep deprivation,
waterboarding, long-term solitary confinement, slamming prisoners' head against
the wall, lashing, death threat and even the appalling "rectal
rehydration"
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SIXTH GREAT
MASS EXTINCTION EVENT BEGINS
By Dahr Jamail
By Dahr Jamail
Study showed that species are already being killed off at
rates much faster than they were during the other five extinction events, and
warned ominously that humans could very likely be among the first wave of
species going extinct.
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WASHINGTON BLOG
Fluoridation
May Not Prevent Cavities, Scientific Review Shows. Posted on June 30, 2015 by WashingtonsBlog
If you’re like two-thirds of Americans, fluoride is added to
your tap water for the purpose of reducing cavities. But the scientific
rationale for putting it there may be outdated, and no longer as clear-cut as
was once thought. Water fluoridation, which first began in 1945 in Grand
Rapids, Michigan, and expanded nationwide over the years,… Continue reading →
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What is representative democracy but organized
bribery on a mass scale? Politicians seeking control of the spigots of
state wealth and power promise endless swag to voters. Those who promise the
most swag and do so with the most inspirational Soaring Rhetoric ™ win
elections and gain control of the spigots of state wealth and power, ….Continue reading →
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July
4: Land of the free, home of the brave? Ok; are you free and brave enough to
demand arrests of US .01% War Criminals? . Posted on June 30, 2015 by Carl Herman
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The Greek tragedy is reaching its climax.
The discussions between Greece and its European creditors
broke down over the weekend, with the two sides still at an impasse. Greek
Prime Minister Alexis Tsipras balked at deeper austerity cuts to the Greek
economy, cuts that are a prerequisite for further help from Berlin and
Brussels.
More Top Reads From Oilprice.com:
- Nature Provides Novel Solution To Energy Storage Problem
- Demand Response Key To Utilities’ Survival
- Are We Headed For Global Warming Collapse?
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NEWS IN SPANISH
Quebrar a Grecia, ¿para qué?. Paul Krugman
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Los misiles mediáticos de la SIP apuntan contra
Ecuador, Bolivia, Argentina, Brasil y Venezuela . Juan Manuel Suárez
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Unión Europea 25 verdades de Alexis Tsipras sobre el chantaje
del lobby financiero internacional . Salim
Lamrani
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