JUN 29 SIT EC y POL
ZERO HEDGE
The
Emergence Of Orwellian Newspeak And The Death Of Free Speech. S- by Tyler
Durden on 06/29/15
How do you change the way people think? You start by
changing the words they use.
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Is
The American Youth Ready For Conscription?. Submitted by Tyler
Durden on 06/29/2015
The shining future that America once had is all but a page
note in the history books now. Record numbers not in the workforce, failed
foreign policies and domestic strife is the new normal. And how is the brain
trust in DC going to solve these problems? National service for all 18 - to
28-year-olds!
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Greece
Will Default To IMF Tomorrow, Government Official Says. S- by Tyler
Durden on 06/29/2015
Earlier today, as the exchange between Greece and its
creditors got increasingly belligerent, Estonian Prime Minister Taavi said that
"Greece’s debt would still remain outstanding and creditors would
expect this money back." So did this latest antagonism change the
Greek mind? According to a flash headline by the WSJ released moments ago, not
all. In fact, Greece just made it official that it would default to the IMF in
just over 24 hours: "Greece won't pay IMF tranche due Tuesday, government
official says"
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China
Makes It Official, Launches The Bank That Humiliated Washington. S- by Tyler
Durden on 06/29/15
Four months after the UK opened the membership floodgates
and dealt Washington a humiliating political blow, China has officially
launched the Asian Infrastructure Investment Bank.
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Puerto
Rico Announces Bond Payment "Moratorium". Submitted by Tyler
Durden on 06/29/2015
Having
concluded last night that Puerto Rico debt is "unpayable,"
and that his government could not continue to borrow money to address budget
deficits while asking its residents, already struggling with high rates of
poverty and crime, to shoulder most of the burden through tax increases and
pension cuts, Padilla confirmed tonight that: PUERTO RICO TO SEEK
"NEGOTIATED MORATORIUM", 'YEARS' OF POSTPONEMENT IN DEBT PAYMENTS.
Likening his state's situation to that of Detroit and New York City (though not
Greece), Padilla concluded, the economic situation is "extremely difficult,"
which is odd because just a few years ago when they issued that bond -
everything was awesome?
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"Of
What Use Is A Gun With No Bullets?", BIS Says Central Banks Defenseless
Against Coming CrisisSubmitted by Tyler
Durden on 06/29/2015
Risk-taking in financial markets has gone on for too
long. And the illusion that markets will remain liquid under stress has been
too pervasive. But the likelihood of turbulence will increase further if
current extraordinary conditions are spun out. The more one stretches an
elastic band, the more violently it snaps back. Restoring more normal
conditions will also be essential for facing the next recession, which will no
doubt materialise at some point. Of what use is a gun with no bullets left?
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Greek
Contagion Uncontained: Portugal Bond Risk Spikes Most In Over 7 Years. Submitted
by Tyler Durden on 06/29/2015
Portuguese bond risk spiked a massive 49bps today.
Early efforts to limit the contagion failed and Portuguese risk went out at its
highs of the day and the biggest spike in risk since March 2008. Yes
we know Draghi has a big bazooka but so does China... and how did that work
out?
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Varoufakis
Reveals Europe's Stunning Denial Of Greek People's Right To Vote. Submitted
by Tyler Durden on 06/29/2015
We are watching the total collapse of Democracy and the
birth of a new era – Economic Totalitarianism from Arrogant people who are
totally clueless beyond their own greed for power and money.
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Russia
Promises "Economic And Military" Aid To Syria As US Refloats Assad
"Chemcial Weapons" Trial Balloon. Submitted by Tyler
Durden on 06/29/2015
The Syrian "chemical weapons" narrative is back
and with it is the confirmaton that Russia will not leave the US dictate middle
eastern borders unilaterally. Syria's foreign minister said on a visit to
Moscow on Monday that top ally Russia had promised to send political,
economic and military aid to his country. "I got a promise of aid to Syria
- politically, economically and militarily," Walid al-Moualem said at
a televised news conference in Moscow after meeting Russian President Vladimir
Putin.
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Greece
May Not Even Have The Funds To Conduct A Referendum. S- by Tyler
Durden on 06/29/2015
According to Germany's FAZ, "the Greek Court also
estimates that the referendum will cost around 110 million euros, according to a
well-informed policy analyst. Money that in view of the strapped Greek Checkout
simply will not be there, even if the country saves a EUR 1.6 billion
full-scale default to the International Monetary Fund this Tuesday."
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Greece
Will Open 700 Bank Branches On Thursday - For Limited Pension Withdrawals Only.
Submitted by Tyler Durden on 06/29/2015
Good news - some Greek bank branches will re-open
sooner than expected: GREEK OFFICIAL: 700 BANK BRANCHES TO OPEN THURSDAY FOR
PENSIONS
Bad news - only pension withdrawals are allowed in
limited size: GREEK PENSION WITHDRAWALS WILL BE LIMITED TO EU240: OFFICIAL
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Puerto
Rico Bonds Are Collapsing. Submitted by Tyler
Durden on 06/29/2015
With all eyes focused on Greek ATM lines, collapsing Chinese
ponzi schemes, and European bank implosions, one could be forgiven for
forgetting about another crisis occurring closer to home. As
we detailed here, Puerto Rico is now "in a death spiral"
and PR bonds are collapsing this morning...
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Greek
Contagion Spreads As Several Italian Bank Stocks Failed To Open. S- by Tyler
Durden on 06/29/2015
While things have normalized since the open thanks entirely
to the SNB's aggressive EUR-buying, CHF-selling intervention (good to see that
central banks have read the BIS' report and have learned from their prior
intervention mistakes), earlier this morning we got a snapshot of what happens
if and when the SNB, and then the ECB itself, finally lose control when as a
result of the Greek crisis the contagion promptly spread a few hundred
kilometers west to Italy where as the WSJ
reported, "several Italian banks failed to start trading on Monday
as fears over a Greek debt default induced many investors to shed peripheral
stocks, including Italian, with banks suffering the most."
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Submitted by Tyler
Durden on 06/29/2015 - 07:39
- China’s Stocks Enter Bear Market as Rate Cut Fails to Stop Rout (BBG)
- Stocks Tumble Around the World on Greek Crisis (WSJ)
- Some say back to the drachma for a Greek reboot (Reuters)
- Greece Imposes Capital Controls as Fears of Grexit Grow (BBG)
- Panic Sets in Among Hardy Hedge Fund Investors Remaining in Greece (NYT)
- Euro off Greece-driven lows after SNB intervenes (Reuters)
- Western Union to close in Greece for rest of week (Reuters)
- European banks, bonds shaken by Greek turmoil (Reuters)
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INFORMATION CLEARING HOUSE
Turkey Plans to Invade Syria, But to Stop the
Kurds, Not ISIS. By Thomas Seibert
The reports said up to 18,000 soldiers would be deployed
to take over and hold a strip of territory up to 30 kilometers deep and 100
kilometers long that currently is held by ISIS.
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Russia
Promises "Economic And Military" Aid To Syria As US Refloats Assad
"Chemcial Weapons" Trial Balloon. By Tyler Durden
Syria's foreign minister said on a visit to Moscow on
Monday that top ally Russia had promised to send political, economic and
military aid to his country.
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Europe’s
Attack on Greek Democracy. By Joseph E. Stiglitz
Almost none of the huge amount of money loaned to Greece
has actually gone there. It has gone to pay out private-sector creditors –
including German and French banks.
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A New Mode
of Warfare. The Greek Debt Crisis and Crashing Markets
By Michael Hudson
By Michael Hudson
Finance has shown itself to be the new mode of warfare.
Resisting debt leverage and financial conquest is as legal as is resisting
military invasion
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Truth Is A
Crime Against The State. By Paul Craig Roberts
The Western presstitutes have succeeded in creating a
false reality for insouciant Americans and also for much of the European Union
population.
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GLOBAL RESEARCH
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NEWS IN SPANISH
Europa. Quebrar a Grecia, ¿para qué?. Paul
Krugman
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Dejen que Grecia vote en paz. Alberto Montero Soler
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Colombia ¿Qué tanto les cuesta a las empresas sostener
políticas y estrategias antisindicales? . Edwin Mauricio Villamil
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“Hay que romper los muros mentales creados por
el patriarcalismo y el capitalismo” Renzo D’Alessandro
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