http://www.zerohedge.com/news/2015-07-08/brics-bank-officially-launches-sun-sets-us-hegemony
Thursday, July 9, 2015
Japanese Investors Lose Faith In Draghi - Dump The Most Foreign Bonds In History
Greece matters after all. Contagion is a bitch.
http://www.zerohedge.com/news/2015-07-08/japanese-investors-lose-faith-draghi-dump-most-foreign-bonds-history
http://www.zerohedge.com/news/2015-07-08/japanese-investors-lose-faith-draghi-dump-most-foreign-bonds-history
Preparedness Critics Are History’s Cannon Fodder
http://www.alt-market.com/articles/2638-preparedness-critics-are-historys-cannon-fodder
It is perhaps not coincidental that the people most in love with the state are often the first ones to be annihilated by it. Avid lower echelon and middlemen agents of tyranny are in many cases exterminated by the very system they helped to dominance. If they do not meet their demise at the hands of the establishment, then they invariably meet their demise at the hands of those fighting against the establishment.
Wednesday, July 8, 2015
Tuesday, July 7, 2015
Monday, July 6, 2015
The First Post-Referendum Head Rolls: "Toxic" "Martyr" Yanis Varoufakis Resigns
The reason why Varoufakis resigned is simple. He probably got death threats for standing up to the troika.
http://www.zerohedge.com/news/2015-07-06/first-post-referendum-head-rolls-toxic-martyr-yanis-varoufakis-resigns
http://www.zerohedge.com/news/2015-07-06/first-post-referendum-head-rolls-toxic-martyr-yanis-varoufakis-resigns
Sunday, July 5, 2015
Euro Area Exposure to Greek Exit Via EFSF
Greece defaulting could be analogous to Lehman Brothers defaulting.
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| Click on Image to Enlarge |
Citigroup Just Cornered The "Precious Metals" Derivatives Market
To provide some contextual color, the Hunt brothers were prosecuted for trying to corner the silver market in 1980. They achieved approximately a 10% long position in silver, trying to profit on rising silver prices. A closer inspection reveals the government regulators changed the goal posts on the Hunt brothers, turning them from mere speculators to criminals.
Fast forward to today, and JPMorgan has carved out a 90% position in the COMEX gold exchange, while Citigroup has a 70% position in COMEX silver. It is egregious that the Hunt's were busted for taking a 10% position, while JPMorgan and Citigroup are left unchecked, free to take massive, concentrated (short) positions.
Yes, the bullion banks will claim they are market makers providing liquidity by taking both sides of a trade, but they have been incessantly investigated for manipulating markets by taking outsized, concentrated positions in LIBOR, fixed-income, and commodities markets. They used this exact same argument prior to the cratering of subprime mortage-backed securities.
In other words, they are not only Wall Street casinos, they are also placing their own huge one-way bets--and getting in trouble when those bets go sour. These bets aren't hedges--they are wagers placed from their proprietary trading desks. It is not a stretch to deduce they are up to the same shenanigans in the much smaller precious metals complex.
http://www.zerohedge.com/news/2015-07-04/why-did-citigroups-precious-metals-derivative-exposure-just-soar-1260?page=1
Fast forward to today, and JPMorgan has carved out a 90% position in the COMEX gold exchange, while Citigroup has a 70% position in COMEX silver. It is egregious that the Hunt's were busted for taking a 10% position, while JPMorgan and Citigroup are left unchecked, free to take massive, concentrated (short) positions.
Yes, the bullion banks will claim they are market makers providing liquidity by taking both sides of a trade, but they have been incessantly investigated for manipulating markets by taking outsized, concentrated positions in LIBOR, fixed-income, and commodities markets. They used this exact same argument prior to the cratering of subprime mortage-backed securities.
In other words, they are not only Wall Street casinos, they are also placing their own huge one-way bets--and getting in trouble when those bets go sour. These bets aren't hedges--they are wagers placed from their proprietary trading desks. It is not a stretch to deduce they are up to the same shenanigans in the much smaller precious metals complex.
http://www.zerohedge.com/news/2015-07-04/why-did-citigroups-precious-metals-derivative-exposure-just-soar-1260?page=1
Gerald Celente – The Great Global Panic Is On But This Is Going To Shock The World
http://kingworldnews.com/gerald-celente-the-great-panic-is-now-on-throughout-the-world/
How could anybody with an ounce of brains that lives in Greece keep their money in the banks as they saw this crisis unfold? Now they are waiting in line because they have a ‘bank holiday.’ ‘Bank holiday,’ how’s that for BS? ‘Holiday,’ we’re going to take your money and hold it and maybe we’ll give it back to you. Look at the amount of gold purchases going on in Greece right now. Don’t they wish they had their money in gold, rather than in a bank in Greece?
Friday, July 3, 2015
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