JUL 19 SIT EC y POL
LATEST from EURONEWS.com
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ZERO HEDGE
Concentrated
Wealth + Widespread Stupidity = End Of Democracy. S-by Tyler
Durden on 07/19/15
This is how democracy has died in America. The
formula is simple: billionaires + their (and their many clergy’s) suckers =
aristocracy. The result is, in any case, an aristocratic dictatorship,
no sort of authentic democracy whatsoever. And, when even the Democratic
candidate has gotten there by a string of lies and no substantive record on
which voters can know that his assertions don’t match his real beliefs or
commitments, the voters are trapped by the aristocracy: they’ve got
nothing else to go on but the aristocracy’s lies, and the aristocratically
owned ‘news’ media’s stenographic transmissions of their politicians’ lies to
the public. The American Revolution (1765-83)
overthrew Britain’s aristocracy here. But now, the American people need to
overthrow America’s own aristocracy, or else simply accept fascism (rule by an
aristocracy).
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Is
Australia The Next Greece?. Submitted by Tyler
Durden on 07/19/2015
Australian consumers are more worried about the medium term
outlook than at the peak of the financial crisis, and rightfully so. As
The Telegraph reports, by the end of the first quarter this year, Australia’s
net foreign debt had climbed to a record $955bn, equal to an already
unsustainable 60pc of gross domestic product, and is set to rise as RBA's
bet that depreciation in the value of the country’s currency would help to
offset the decline in its overbearing mining industry hasn’t happened to the
extent they would have wished. Furthermore, as UBS explains, China's real
GDP growth cycles have become an increasingly important driver of Australia's
nominal GDP growth this last decade. With iron ore and coal prices plumbing
new record lows, a Chinese (real) economy firing on perhaps 1 cyclinder, and
equity investors reeling from China's collapse; perhaps the situation facing
Australia is more like Greece than many want to admit, as Gina Rinehart,
Australia’s richest woman and matriarch of Perth’s Hancock mining dynasty
stunned her workers this week: accept a 10% pay cut or face redundancies.
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Lies,
Damned Lies, & Inflation Statistics. Submitted by Tyler
Durden on 07/19/2015
You know your true level of inflation. You know it’s not
0.1%. You know it’s somewhere between 4% and 10%. You know your government is
lying to you. You know the captured corporate media perpetuates the lies.
You know those in control of the government must lie to keep their Ponzi scheme
going. You know they are just following the Edward Bernays playbook: “The
conscious and intelligent manipulation of the organized habits and opinions of
the masses is an important element in democratic society." They want
you to believe it’s for your own good. Do you think it’s for your own
good?
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How
The Fed And Wall Street Are Eating Their Seed Corn. Submitted by Tyler
Durden on 07/19/2015
What both Wall Street in general as well as the Federal
Reserve has wrought is a market so adulterated, so anemic, and so mistrusted
the euphemistic “money on the sidelines” has more in common with nursery rhymes
than it does with anything reality based. There is no money on the
sidelines. Nobody wants “in” to this market. Anyone with half a brain and a
modicum of common sense wants out – and the outflow numbers show it still to be
true.
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French
President Calls For The Creation Of United States Of Europe. S- by Tyler
Durden on 07/19/15
French President Francois Hollande said that the 19
countries using the euro need their own government complete with a budget and
parliament to cooperate better and overcome the Greek crisis. “Circumstances
are leading us to accelerate,” Hollande said in an opinion piece published by
the Journal du Dimanche on Sunday. “What threatens us is not too much
Europe, but a lack of it.”... Countries in favor of more integration should
move ahead, forming an “avant-garde,” Hollande said.
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Russia
Unveils "Terminator T-1" Inspired Killer Robots. Submitted by
Tyler
Durden on 07/19/2015
Many had believed that Russia was years behind the envelope
when it comes to putting advanced robotic technology on the battlefield. Until
today, when a video showcased Russia's latest military equipment in Sevastopol,
ranging from the "Bastion" air defense and anti-ship complexes
missile system to sniper rifles and special ops naval guns, also showed none
other than the Platform-M combat robot mingling among the population of this
most important Crimean city.
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"The
Streets Of Athens Will Fill With Tanks": Kathimerini Reveals Grexit
"Black Book" Shocker. Submitted
by Tyler Durden on 07/19/2015
"If this plan is implemented, the streets of Athens
will sound the tracks of tanks"...
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Creator
Of Internet Privacy Device Silenced: "Effective Immediately We Are Halting
Further Development". S- by Tyler
Durden on 07/19/2015
Despite the literal hundreds of thousands of pages of
information about government snooping and the Congressional “investigations”
that followed, nothing has been done to curb the unabated violations
of Americans’ Constitutional rights to be secure in their homes and personal
effects. Thus, as always, the free market began developing its own solutions.
Earlier this year an inventor by the name of Benjamin Caudill
announced a device he dubbed the ProxyHam which was going to
literally change everything about how those concerned with privacy could
connect to the internet. However, just hours before Caudill was to reveal
a fully-functioning ProxyHam at the DefCon hacking conference his presentation
was abruptly cancelled - No reason was given and Caudill posted
several cryptic Tweets that left many baffled; the device
had been disappeared, the company was cancelling production on
retail units, and the source code and blueprints would no longer be
released to the public.
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What's
Scarce Geopolitically: Stability, Ways To Get Ahead, & Innovation. S-
by Tyler Durden on 07/19/15
Conserving what is failing is not a path to stability.
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Credit
Deflation & Gold. Submitted by Tyler
Durden on 07/19/2015
So having acquired substantial quantities of gold for itself
and having also ensured it is widely held by its public, the Chinese
government is arguably in a more compelling position to encourage a gold
revaluation as a means of stabilising her economy in a credit crisis than
America was eighty years ago. It will be China's only option, and if the
government doesn't go for it, China's middle classes certainly will. This
simple fact could override all the geostrategic considerations upon which
China-watchers have tended to focus. A gold revaluation would be presented
to the world as bound up with China's domestic economic problems, instead of an
act aimed at undermining the dollar's reserve status: a solution that is
less confrontational than outright disagreement with Western central banks over
gold's role in the international monetary order.
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Long
Lines Expected As Greek Banks Risk "Cautious" Reopening. S-
by Tyler Durden on 07/19/2015
"Greek banks expect long queues ... when they reopen on
Monday for the first time in three weeks, although withdrawals will still be
limited and capital controls will remain," Reuters reports, adding that
"Greeks will be able to withdraw 420 euros a week at once instead of just
60 euros a day". Clearly, this is about managing perception. The only way
that €420 per week is different than €60 per day is that it will front-load the
bank queues on Mondays and thus create a false impression of calm throughout
the remainder of the week.
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Portugal’s
Debts Are (Also) Unsustainable. Submitted
by Tyler Durden on 07/19/2015
Everyone seems to be focusing on Greece these days – a
country so indebted that it needs even more loans to repay just a fraction of
its gigantic credits. Clearly this is unsustainable and something has to give.
Even the IMF agrees. But what about the other Southern European countries?
Actually, Portugal’s financial situation is looking particularly shaky, and any
hiccups could have serious cross-border repercussions from Madrid all the way
to Berlin.
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Shell
Warns, Oil Price Recovery To Take 5 Years. Submitted by Tyler
Durden on 07/19/2015
Andy Brown, a top Shell official, said the Anglo-Dutch oil
giant forecasts no quick rebound in the average global price of oil, but
only a gradual recovery lasting five years. He attributed this sluggishness to a slowdown
in China’s economy, leading a drop in demand for fuel, and the continuing
oversupply of oil. “It will take several years [for oil prices to
recover fully], but we do believe fundamentals will return,” Brown said.
“Until such time, we, like other companies, will have to make sure we stay
robust.”
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Chinese
"Bubble Trouble": Why UBS Thinks We're Only "Half Way
Through". S- by Tyler
Durden on 07/19/15
The ongoing downshift in property construction will continue
to undercut China's demand for commodities, raw materials and machinery, weigh
on property as well as mining and industrial investment, and be a drag for
overall GDP growth in 2016. The most direct and
important [EFFECT] channel through which this impact spreads is trade linkages,
given China's role as the top exporter and second largest importer in the
world.
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SPUTNIK http://sputniknews.com/
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PRESS TV http://www.presstv.com/
Iran
nuclear conclusion goes to Congress.
Sun Jul 19, 2015 The text of the nuclear conclusion reached between Iran
and the six world powers is received by Congress.
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‘Snapback
mechanism hinders JCPOA’. Sun Jul 19, 2015 An Iranian political
commentator says a snapback mechanism envisaged in a UN Security Council
resolution will hinder the JCPOA.
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US
mulling new anti-Russia sanctions. Sun Jul 19, 2015 A new report
suggests that Washington is weighing new sanctions against Russia .
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‘Snapback
in N-conclusion must be fixed’ . Sun Jul 19, 2015 An academic says
based on Article 12 of a resolution submitted to UN Security Council on Iran, a
snapback mechanism has been envisaged, which causes difficulties.
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