domingo, 21 de junio de 2015

JUN 21 SIT EC Y POL



JUN 21 SIT EC Y POL

ZERO HEDGE

“Systemic risk is in the system [and] we are in uncharted territory. Think about holding other assets. That could mean precious metals, it could mean physical currencies.”
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The 1960s visibly changed society in a few short years, and less visibly, the economy. Two books published in 1970, at the end of the tumultuous 1960s, attempted to weave a coherent narrative of what everyone was experiencing: Future Shock and The Greening of America. If Future Shock and Present Shock have any predictive value, then we must conclude the speeding up of change is eroding our ability to make sense of present-day trends, as the velocity of change is outrunning our ability to construct coherent narratives.
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With just under 24 hours until Monday's final summit after which even JPMorgan now agrees the ECB will be forced to use a nuclear option and limit or cut Greek ELA thus imposing capital controls as a "negotiating tactic", earlier today both France and Germany told Greece it must have a reform deal agreement with the Troika finalized and delivered before a crucial leaders’ summit between Athens and its creditors on Monday; in other words before trading opens on Monday.
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Whatever the eventual financial costs to EU taxpayers of a Greek default, the political costs of a Greek exit are likely to be seen as unacceptable. Most likely the EU will allow a covert Greek default, disguised for the time being by extended repayment schedules, bogus refinancing formulae and possible delayed haircuts as bonds mature. They may insist that such moves are not a technical default. Despite that absurdity, our obedient press corps may even concur with such a characterization, and investors may be so thrilled that a relief rally occurs in stocks and bonds. Extend and pretend will once again be the only acceptable manner to confront our intractable problems.
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Who Said It?. Submitted by Tyler Durden on 06/21/2015
... the long-term deficit and debt that we have accumulated is unsustainable. We can't keep on just borrowing from China, or borrowing from other countries because part of it is, we have to pay interest on that debt. And that means that we're mortgaging our children's future with more and more debt, but what's also true is that at some point they're just going to get tired of buying our debt. And when that happens, we will really have to raise interest rates to be able to borrow...
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With a Greek default, shortly followed by a Grexit, a collapse of the "irreversible union" (but... but... "political capital"), and ultimately the end of the latest European monetary union experiment (the latest in a long and illustrious series of prior failures) now seemingly imminent, the blame game has begun. As the NYT noted overnight "the recriminations that would then fly would be so bitter that they would inflict a second round of damage." But who is really to blame? Simple: anyone and everyone who willingly and voluntarily was complicit with the great "can kicking" bailout fiction of the past 5 years...
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Jim Rogers: Turmoil Is Coming. Submitted by Tyler Durden on 06/21/2015
"I suspect in the next year or two we will see some kind of major, major problems in the world financial markets. I would suspect when we have this correction, it's going to cause central banks to panic... they will print and spend and borrow, but there comes a time when people are just going to say 'We don’t want to play this game anymore'. And at that point, the world has serious, serious problems because there's nothing to rescue us. I suspect the next economic/financial collapse will be the one they can't deal with."
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Today’s America* is an ugly fraud. Today’s America* has nothing in common with the nostalgic images and grand successes of the nation as it were in her glory days. In fact, we would argue not only does America* lack any authentic representation of times past but is the antithesis of America. We have come full circle, back to the very thing our ancestors fought, died and ultimately persevered to escape.
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Amid escalating violence in Ukraine and stepped up efforts by the Pentagon to rally support for Washington's increasingly aggressive posturing towards Moscow, NATO conducts war games in Poland designed to replicate the conflict in Ukraine.
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WASHINGTON BLOG

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INFORMATION  CLEARING  HOUSE

It’s beyond evident that the EU’s policy of sanctioning Russia is a disaster – whatever the European Council decides next week.
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Oren: Obama Abandoned Israel. By Times of Israel staff
According to Oren, Israeli leaders typically received advance copies of major American policy statements on the Middle East and could submit their comments.
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"If it is allowed to continue, life would take many millions of years to recover and our species itself would likely disappear early on"
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Does Anyone Want to Make the World a Better Place?
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The example of Syriza in Greece is a warning of the fatal consequences of middle class leaders trying to realize radical changes
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Who doubts any Second Clinton Coming won't prove more hawkish than Clinton I or Obama?
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GLOBAL RESEARCH

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NOTICIAS EN ESPAÑOL

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Colombia. El extractivismo es el primer frente de guerra contra la paz
Mayerly Garzón/Anabel Zúñiga/Angela Esteban/Diana Nitola/Gustavo Pedraza/Javier Orozco
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PRESS TV

‘80,000 terrorists infiltrate into Syria’. Mon Jun 22, 2015 Syria’s UN envoy says some 80,000 terrorists have so far infiltrated into Syria from Turkey and Jordan.
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Black church in US defies white 'Devil'. Sun Jun 21, 2015 The historic black church in South Carolina where a white man gunned down nine people on Wednesday has held its first service since the massacre.

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