JUL 2 SIT EC y POL
ZERO HEDGE
China
State Official Hints Beijing May Bailout Greece. Submitted by Tyler
Durden on 07/02/2015
"I believe there are two ways to give Greece Chinese
aid. First, within the framework of the international aid through EU countries.
Second, China could aid Greece directly. Especially considering the Silk
Road Economic Belt and the Asian Infrastructure Investment Bank. China has this
ability," Fan Mingtao director of the Quantitative Finance
Department at China's Institute of Quantitative and Technical Economics told
Sputnik China. It would be difficult to imagine a more fitting pilot program
for the world’s newest supranational lender than a rescue package for the
birthplace of Western democracy which has been brought to its knees by that
most Western of all multilateral institutions, the IMF.
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Why
Is the American Dream Dead In The South?. Submitted by Tyler
Durden on 07/02/2015
The top 1 percent aren't killing the American Dream. Something
else is - if you live in the wrong place. We like to tell ourselves
that America is the land of opportunity, but the reality doesn't match the
rhetoric - and hasn't for awhile.
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Did
The IMF Just Open Pandora's Box?. Submitted by Tyler
Durden on 07/02/2015
... at this very moment, politicians from Spain's Podemos to
Italy Five Star movement are drafting memos demanding that the IMF evaluate
their own debt sustainability. Or rather unsustainability.
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How
Greece Has Fallen Victim To "Economic Hit Men" S- by Tyler
Durden on 07/02/2015
"Greece is being 'hit', there's no doubt about
it," exclaims John Perkins, author of Confessions of an Economic
Hit Man, noting that "[Indebted countries] become servants to what I call
the corporatocracy ... today we have a global empire, and it's not an American
empire. It's not a national empire... It's a corporate empire, and the big
corporations rule."
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JPMorgan
Banker: "We Can't Make Money Anymore...". S- by Tyler
Durden on 07/02/2015
"...between ridiculously low interest rates and the
increasing costs of compliance, we can’t make money anymore..."
The US government has really screwed the world on this.
Paperwork is the priority. Not business. The transition isn’t going to be
smooth. And it won’t happen overnight. But there will come a time, and likely
soon, when the United States gets displaced.
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The American taxpayer is paying a hefty price to support the
“battle” against the CIA’s “strategic asset” gone rogue. The damage: about
$9.2 million per day or around $3 billion in total, meaning the US could
have created around 67,000 average jobs with the money it's spent fighting the
group.
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Goldman:
"Greece Will Remain In Euro Even If It Votes No", And How Markets
Will React. Submitted by Tyler
Durden on 07/02/2015
The time to negotiate the Greek referendum this Sunday has
come and gone and at this point, one can only sit and wait as the vote results
start trickling in on Sunday evening. And, as Goldman's Huw Pill prudently
observes, the outcome of Sunday's Greek referendum is uncertain.
"Regardless of the outcome, Greece will continue to face substantial
economic dislocation in the shorter term." What is interesting is that
Goldman says "Greece will ultimately remain in the Euro area even in
the event of a ‘No’ vote."
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EU
Parliament President Tells Greece:Time For Another Puppet Government. Submitted
by Tyler Durden on 07/02/2015
European Parliament president Martin Schulz said his faith
in the Greek government had reached "rock bottom," and, as
AFP reports, that he hopes it resigns after Sunday's referendum. Luckily,
he has an idea for a solution... the time between the departure of Tsipras'
hard-left Syriza party and new elections would have to "be bridged
with a technocratic government, so that we can continue to negotiate."
Just what The Greeks need - another "Yes man" puppet government to
implement whatever Europe's bankers demand.
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Finally
The Truth: "The Greek Debt Is So Big Everyone Understands It Won’t Be
Repaid".Submitted by Tyler
Durden on 07/02/2015
"... this [Greek] debt is so big that everyone
understands that it won’t be repaid. Loans to Greece have just bought time
so that those in power don’t have to take decisions. This is like a game: who
can hold out longer by not showing that this money has been lost? This
burden has become bigger and there obviously is no possibility to repay....
debt writedown of Greek debt will come after bankruptcy of state."
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Beware
Of Greeks Bearing Referenda.Submitted by Tyler
Durden on 07/02/2015
It appears the sovereign peoples of Europe would not go
gently into a Federal States of Europe night. Investors need to prepare for
the inevitable political solution: referendums across Europe on the
constitution of the Federal States of Europe needed to sustain the Euro.
Events this weekend will trigger the search for the democratic legitimacy for
the single currency and the centralised constitution it requires... or the
demise of the unelected 'king Juncker' and 'queen Lagarde' of the Federal
States of Europe.
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IMF
Bolsters Greek "No" Vote, Says Country Needs Much Bigger Debt Haircut.
Submitted by Tyler Durden on 07/02/2015
According to a report prepared prior to capital controls and
the banking sector meltdown, any deal that included creditor concessions on
fiscal reforms would mean Greece's debt load would have to be written down.
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Russia
Gets Involved: Tells Europe To Respect The Greek Choice. S- by Tyler
Durden on 07/02/2015
While Russia has been quiet on the sidelines of the
Greco-European austerity-for-cash wrestling death match, offering assistance if
it is needed and making new friends, it appears Putin is now getting more
vocally involved:
*RUSSIA URGES EU TO RESPECT GREECE'S CHOICE IN
REFERENDUM: RIA
*RUSSIAN ENVOY SEES NO THREAT OF GREEK EXIT FROM EURO AREA: RIA
*RUSSIAN ENVOY SEES NO THREAT OF GREEK EXIT FROM EURO AREA: RIA
A well-timed show of support for Greece from its potential
alternate big brother may just be the ammo that Tspiras needs to reassure the
people that they should vote without fear. With 3 days to go, we suspect
fearmongering will rise.
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Is
Saudi Arabia Leaving The U.S. Behind For Russia?. Submitted by Tyler
Durden on 07/02/2015
The news from the recent St. Petersburg Economic Forum,
which took place from June 18 to 20, inspired a torrent of speculation on the
future direction of energy prices. But the real buzz at the conference was the
unexpected but much publicized visit of the Saudi Deputy Crown Prince, as an
emissary of the King. The unusually high level delegation from a long-time
ally and protectorate of the U.S., like Saudi Arabia, visiting a Russian
sponsored economic conference, in a country sanctioned by the U.S. was news
enough but could be the first sign of an emerging
partnership between the two greatest global oil producers.
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Submitted by Tyler
Durden on 07/02/2015 - 07:29
- Chinese stocks tumble again, ignoring Beijing's blandishments (Reuters)
- Plight of Greek pensioners heaps pressure on Tsipras (Reuters)
- Cash Crunch Hits Everyday Life in Greece (WSJ)
- Souvlakis Tell a Story Well Beyond Today's Greek Crisis (BBG)
- Greek Referendum on Bailout Too Close to Call, Poll Shows (BBG)
- Move Over Greece: For Treasuries Traders, Today Is About the Fed (BBG)
- ECB adds corporate names to QE-eligible bonds (FT)
- Special Report: How Greece went bust (Reuters)
- Puerto Rico’s Pain Is Tied to U.S. Wages (WSJ)
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WASHINGTON BLOG
In one of its innumerable segments in a never-ending
terrorist propaganda stream attempting to portray Christians and the US, the
world’s biggest human rights violator, as global victims, Fox News host Greta
Van Susteren, rightly, condemns the alleged criminal treatment
and scheduled execution in major US ally Pakistan of a Christian woman for
using a cup reserved for Muslims.
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CrossTalk:
New Cold War, feat. Hedges, Swanson, Golstein. Posted on July 2, 2015 by Robert Barsocchini
Excellent episode of CrossTalk,
featuring Pulitzer-winning journalist Chris Hedges, Washington’s Blog
contributor David Swanson, and Vladimir Golstein of Brown University.
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GLOBAL RESEARCH
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RT SPUTNIK & LATEST SHOWS
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Watching
the Hawks. Private
Prisons Lock Up Profits, Buzz Save the Butterflies and Bees, “High There”
Tabloid Tales
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NEWS IN SPANISH
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PRESS TV
Austrians
sign petition to leave EU. Fri
Jul 3, 2015 Over 260,000 Austrians sign a petition calling for the exit of
Austria from the European Union (EU)
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Yemen
forces target Saudi military base. Fri Jul 3, 2015 Yemeni forces attack
a Saudi military base in Saudi Arabia’s southwestern region of Jizan in response
to Riyadh’s incessant aggression against Yemen.
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Rouhani
urges IAEA impartiality on N-case. Thu Jul 2, 2015 Iranian President
Hassan Rouhani says the IAEA should play its proper role in Iran's nuclear
talks without being influenced by world powers.
[ IRAN IS BARKING TO THE
WRONG TREE ]
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‘UK
OK'd arms sales to Israel post-Gaza war’ . Thu Jul 2, 2015 The British
government approved £4 million in arms sales to Israel in the immediate
aftermath of Israel’s recent war on Gaza, a report says.
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