1 Jul 2015

Bank Of England Warns Greece "Threatens To Trigger Market Selloff That Could Ripple Through The Global Economy"

Tyler Durden's picture Early last week we presented something rather shocking: a note by Goldman Sachs suggested that as a result of the ECB's QE failure to push the EUR lower and with bond yields having risen instead of falling since the launch of the ECB's QE in March, and perhaps due to a perplexing conflict between the ECB and the Bundesbank when it comes to debt monetization, a Greek default sparking contagion blowout risk, not to mention a "seven big figure" tumble in the EURUSD, may be just what the ECB needs.
On one hand, the Goldman assessment was not surprising: after all the bank's top trade for 2015 has been that the EUR will go much lower from current levels so in many ways it was self-serving. But, what's far more stunning is that Goldman, accurately, assessed the ECB's needs in light of what is increasingly seen by many as a QE program that is faltering just 4 months after its launch, and the direct implication was evident: for all the posturing and bluffing from Greece that it won't be blackmailed, it may have fallen precisely in a trap set by none other than the ECB.
The only hurdle was getting the Greeks to accept the blame for the failure of the negotiations which happened, at least in the perspective of the Eurozone, when Tsipras announced the referendum after midnight on Friday. Merkel herself admitted as much earlier:

Responding To MGTOW Universe

A Response To A Response Video To My Original Video. Niko Choski

Greek PM Tsipras's Explanation Of The Government’s Bailout Decision And Of The Banksters' Shakedown

"I suggest we say 'NO' to these orders that are destroying Europe, I suggest you answer emphatically to this forced solution that we might turn one bright page for democracy and one certain hope for a better agreement!" Prime Minister Tsipras of Greece.
The Greek government remains at the table of negotiations. ...The choice of a people is more powerful than the choice of a government. ...In very important milestones of the European project, the people have helped decisions. This is so in France and in many other countries. This is happening in Ireland where Ireland in the end gained better terms. Unfortunately regarding Greece's situation we have had other measures and stops.

Is Diversity A Problem?

Whites are under represented and Asians are hugely over represented in facebook's staff. Lucian Valsan

Western Presstitutes Dumbfounded By Vladimir Putin’s 89% Approval Rating

'Putin holds Obama by the balls.'
By The Saker: The Saker notes that the disapproving 11% are not pleased because they want Putin to take a more hardline policy toward the West. In other words, the country is unified in standing up to the West.
What does Vladimir Putin’s 89% rating mean?
Think Russians are tiring of conflict with the West? Not according to President Vladimir Putin’s approval ratings, which hit all-time highs of 89 percent Wednesday (…) Putin’s ratings jumped from 65 percent in January 2014 to 80 percent two months later, and they’ve stayed in the 80s ever since, according to measurements from the Moscow-based Levada Center, the only independent polling organization in Russia. They’ve kept going up: In Putin’s 15 years in office, they’ve never been higher than June’s 89 percent (…) The 89 percent approval rating is also a testimony to the near-unanimity of views about Russia’s current direction.
The Washington Post is correct: the Russian people do fully support Putin, especially if you consider that the 11% which are not happy with him are largely composed of Communists who blame Putin for being too sympathetic to capitalist market economy practices, nationalists who think that the Kremlin is too soft or indecisive about supporting Novorussia against the Ukronazis and maybe 1-3% (max!) who generally support the USA & EU.  So in terms of the current confrontation with the AngloZionist Empire the real approval rating of Putin would be in the 97-98% range.
What does this mean?

In Case You Still Have A Drop Of Sympathy Toward JVP

Just read fat feminist Rabbi Alissa Wise!
By Gilad Atzmon: The following is a compendium of duplicitous and manipulative Judeo centric statements that illustrate precisely what many of us dread to admit - liberal Jews are not the solution; they are the core of the problem. These quotes are taken from a transcript of Rabbi Alissa Wise’s speech to a Christian Pro Palestinian organisation- Friends of Sabeel, North America Conference in Vancouver, BC, April 2015.
Rabbi Alissa Wise is not a Zionist zealot, she is much worse – a supremacist Jew dressed in dove’s clothing. Rabbi Alissa Wise is also JVP's Director of Campaigns.

MGTOW...Rant About Dogma

Recent events in MGTOW.  Gregory Becker

Greece! Start Fresh

Max Keiser and Stacy Herbert discuss the idea of nothing to fear but fear itselfas Greece puts an end to sovereign asset forfeiture as capital controls and bankster holidays are declared after its government called a referendum. In the second half, Max interviews American defense attorney Craig Brand about civil asset forfeiture.

Cyprused: For Greeks The Nightmare Is Just Beginning: Here Come The Depositor Haircuts

Tyler Durden's picture: With capital controls already imposed on Greece, some have wondered if this is as bad as it gets. Unfortunately, as the Cyprus "template" has already shown us, for Greece the nightmare on Eurozone street is just beginning.
As a reminder, over the past few months there have been recurring rumors that as part of its strong-arming tactics the ECB may eventually move to raise the haircuts the Bank of Greece is required to apply to assets pledged by Greek banks as collateral for ELA. The idea is to ensure the haircuts are representative of both the deteriorating condition of Greece's banking sector and the decreased likelihood that Athens will reach a deal with its creditors.
Flashback to April when, on the heels of a decree by the Greek government that mandated the sweep of “excess” cash balances from local governments to the Bank of Greece’s coffers, Bloomberg reported that the ECB was considering three options for haircuts on ELA collateral posted by Greek banks. “Haircuts could be returned to the level of late last year, before the ECB eased its Greek collateral requirements; set at 75 percent; or set at 90 percent,” Bloomberg wrote, adding that “the latter two options could be applied if Greece is in an ‘orderly default’ under a formal ECB program or a ‘disorderly default.’” 

Greece Becomes First Developed Country To Default To The Jewish IMF

Faced with almost impossible choices...
And just as promised earlier in the week, Greece has now passed the midnight deadline for repayment of the €1.6 billion bundled loans due to the IMF and in thus in default.
Yes we are fully aware that using the pejorative term 'default' makes us members of the ignorati, but what else do you call it when you fail to pay back a contracted debt in a timely fashion? (and don't say 'arrears') Anything else is semantics.
“I can also confirm that the IMF received a request today from the Greek authorities for an extension of Greece’s repayment obligation that fell due today, which will go to the IMF’s Executive Board in due course,” IMF spokesman Gerry Rice says in e-mailed statement.
This is the first time an advanced economy has defaulted to The IMF and is by far the largest default The IMF has ever faced.

How To Make An Easy Three Million Dollars. For Men Only

By Women, it is said, are equal to men in every way and all differences are merely the product of socialization. Performance standards are social constructs designed to deliberately impede women from fulfilling their desires to be fire-fighters, officers in the Marine Corps and oil rig workers. Oh wait, never mind about the oil rig workers. That’s icky. Men can have that job. If women can’t meet performance standards, well, lower them dammit! They’re not bona fide occupational qualifications after all. I mean really, why on earth does a firefighter need to be able to run up a ladder wearing 50 pounds of gear carrying a 100 pound hose and then come back down with a 250 weight over her shoulder?
What sexist nonsense, amirite?
The NYFD intends to lower standards so women can become firefighters, and I propose the following city by-law: all private residences must prominently display a bright red F if anyone in the home identifies as a feminist. That way, the fire department can dispatch these new lady firefighters should a blaze break out. We’ll see how much feminists enjoy the social construction of physical differences then.
How curious that when it comes to the subject of professional athletics, the feminists fall dead silent on the construction of social differences.