27 May 2012


The Truth About Intergalactic Jet Lag - Max Keiser and Stacy Herbert's radio show

Max Keiser and Stacy Herbert

Newedge Leaves Greek Stock Market, Will Only Execute Sell Orders

Tyler Durden's picture
Either the game of chicken in Europe has just hit and surpassed ludicrous speed, or French banks SocGen and Credit Agricole, both of which have some of the worst CT1/TA ratios in the known universe, and which are the JV participants of Newedge, have decided to formally pull the plug on Greece. As the FT reported moments ago, Newedge "has told clients that it will process only sell orders, and stop extending margin loans for existing positions in Greek securities, according to a memo obtained by the Financial Times."

Peter Dale Scott: 'Americans don't share global domination policies of their leaders' and the Scandal of Libya

Peter Dale Scott - former diplomat, poet and prominent anti-war advocate. He says that the US corporate superstructure conglomerate - including financial interests, the defense industry, oil companies and the media - brazenly manipulate American society. Source

EU's double standard toward Palestinian human rights issues - Remember Palestine

The European Union foreign ministers issued a statement accusing Israel of accelerating settlement construction and tightening its control over East Jerusalem at the expense of Palestinians. Israel condemned the report as "biased" and said it would do nothing to help promote peace in the region. According to data collected by international aid groups, at least 62 structures funded by the EU and its member states were demolished by Israel in 2011 and 2012, including water cisterns, animal shelters, and agricultural and residential buildings.

European Political Crisis - Double Standards

Egypt held its historic presidential election after the ouster of Hosni Mubarak, Britain failed to help their favorite candidate Amr Moussa to win the election. Afshin reviews the American and British PR companies that are working for the Bahraini and Saudi governments to distort the media portrayal of the on-going awakening activity in the two states, one of which companies working for the Bahraini regime having close ties with Google.

Greece will run out of money by end of June, warns former PM Lucas Papademos

Former Greek prime minister Lucas Papademos has reportedly warned that Greece may run out of money by the end of June if international bailout funds are cut off following next month's election.

"From late June onwards, the ability of the government to fund its obligations fully depends on the approval of the subsequent installments of loans from the EFSF and the IMF," To Vimanewspaper quoted Papademos as saying in a leaked memo.
"The available funds in the Greek government will be reduced gradually from about €3.8bn [£3bn} on May 11 to about €700m on June 18 and from June 20 will enter negative territory at the level of around €1bn."
Centre-left To Vima said Papademos made the warning in a memo to President Carolos Papoulias dated May 11 that was then circulated to party leaders as they tried to form a coalition after an inconclusive May 6 vote.

UK Fascists praised by Chinese State Media: Blocking porn in UK thin end of wedge of state censorship

Politicians are calling for the blocking by default of pornography to everyone's computers at home, unless they "opt out". What they refuse to say is that this is part of their wet dream of controlling the internet.

Are The Europeans About To Start The Second Half Of Our Great Depression?

Tyler Durden's picture

"Just when we think the worst is over - and let's face it we have been in this crisis for five years - we get the second half; are the Europeans about to start the second half our Great Depression with massive bank runs" are the Jaws-music-inspired words that recent media-favorite (yes, us too) Niall Ferguson uses in an interview with CBC. His main concern is that this kind of (bank-run) event can quickly spiral out of the control of even the ECB as he uncomfortably conjures the image of the initial US stabilization that occurred in 1930 to May 1931 only to be knocked back into a greater depression by the failure of Credit-Anstalt, which set off bank failures and eventually defaults in 1932 on many government debtsThe deposit run potential is the single-biggest reason to care about Greek-exit - in itself it is not large enough economically to interfere with global growth but it is the message and contagion that it sends that is critical in bringing forth a pan-European banking crisis and implicitly spilling over to the US and Asia via global trade and banking transmission channels. An excellent brief interview that summarizes the exact fears that face Europe and implicitly the US, explains the rather simple solution of fiscal federalism and the fact that today's German politik is very different from 1989's Helmut Kohl-era with regard to their commitment to the Federal outcome. His conclusions are worrisome. Germany is the key - and there is not a good understanding of financial markets in Berlin.

Marc Faber - Looming Global Catastrophe "Greece Should Default On Its Obligations" "Chinese economy is much weaker than analysts suggest"

Europe on the march towards full on fascism and "Chinese economy is much weaker than analysts suggest" Explains Marc Faber

Harsh Language from Lagarde: "IMF Has No Intention of Softening Terms"; From Head of Deutsche Bank: "Greece is a Failed Corrupt State"; Purposely Inflammatory Statements to Force Greece Exit

Strong messages from the head or the IMF, the head of Deutsche Bank, and the president of the Bundesbank are highly likely to drive Greek voters away from New Democracy and Pasok in the June 17 elections.

The Guardian writes It's payback time: don't expect sympathy – Lagarde to Greeks.
The International Monetary Fund has ratcheted up the pressure on crisis-hit Greece after its managing director, Christine Lagarde, said she has more sympathy for children deprived of decent schooling in sub-Saharan Africa than for many of those facing poverty in Athens.

In an uncompromising interview with the Guardian, Lagarde insists it is payback time for Greece and makes it clear that the IMF has no intention of softening the terms of the country's austerity package.

'Yes Scotland' wants divorce from UK, seeks a million for support to begin breakup of unrepresentative 300 year union "We could do better!"

Supporters of independence for Scotland have launched the campaign which they hope will let them break free of the 305-year-old union with England. The Scottish National Party are now gathering the one million signatures needed to call a referendum in 2014. Source

Crisis-led suicide epidemic: Greek mother & son jump to death

A 60-year-old Greek musician and his 91-year-old mother jumped to their deaths from their 5th floor apartment, driven to despair by financial woes. This double death is the latest in a rising epidemic of crisis-induced suicides in Greece.
Witness accounts vary – some say the mother, who suffered from Alzheimer’s, jumped first, screaming a prayer as she plummeted to her death. Other neighbors say the mother and her son jumped together, holding hands. 
But the one thing everyone seems to agree on is that the family had been struggling for a long time. The night before, Antonis Perris posted a suicide note of sorts on a popular Greek forum, saying he had no way of resolving the family’s financial issues. 
“The problem is that I didn’t realize that I would need to have cash, because the economic crisis came so suddenly. Even though I have been selling our possessions, we have no cash flow, we have no money to buy food anymore and my credit card is maxed out with 22% interest rate.”

A nation in shock: Italy’s Columbine, the Mafia and the many mysteries

By Richard Cottrell:
"The strategy of tension has surfaced once again"
On the morning of Saturday May 19th the devil came to Brindisi, a bustling port city of some 90,000 people perched in the very heel of Italy.
Brindisi is an ancient place, one of the most important nerve centers of the Roman Empire. The great super-highway called the Via Appia ran (and still does, although under tarmac these days) from the waters of the eastern Mediterranean all the way to Rome.
Today, the noisy and boisterous city with its endless chorus of honking traffic lies under a deep pall of gloom.
Saturday May 19th dawned rather sultry, typical for the South. Being a weekend the usual cacophony of the streets was a little calmer.
At the Morvillo Falcone high school it was the usual bustling morning scene that one finds at every school gate in Italy with pupils and parents milling around, the usual jumble of school buses mixed up with the traffic.
Then came a massive explosion fifteen minutes before eight o’clock. One sixteen-year-old student, Melissa Bassi, was caught in the full force of the blast wave. She suffered horrific injuries. One arm was ripped away and practically her entire body was seared by terrible burns. Melissa died in hospital.
Her sixteen-year-old friend, Veronica Capodieci, suffered terrible chest and abdominal wounds. Doctors are fighting to save her life.