Blogs

First Official Projection Says at Least 61% of Greeks Voted ‘No’ in Referendum

Greece voted NO

From Wall St Journal...

A first official projection of Greece’s referendum outcome, based on early counting, said that at least 61% of Greeks voted “no” to creditors’ demands on Sunday, an outcome that—if confirmed—would set the country on a collision course with the rest of the eurozone.

The projection, announced by the company Singular Logic, the official partner of Greece’s interior ministry in carrying out the referendum, was announced after some 20% of the vote had been counted.

China markets crashing

China markets crashing

China's Shanghai market closed down almost 6% today. Over the past three weeks, the decline in Shanghai shares is valued at roughly $2.9 trillion, roughly the size of the UK economy.

Shanghai Market

Is the European Union trying to end democracy?

Varoufakis

With his frustration with the EU efforts to thwart any vote on whether or not Greece stays in the Euro, Greek Finance Minister, Yanis Varoufakis, posted the following blog detailing exactly what he says transpired in those recent meetings. If he is telling the truth, we as the public need to understand the arrogance of these bureaucrats and politicians.

Puerto Rico, the next Greece

From NY Times....

Puerto Rico, new Greece

Puerto Rico’s governor, saying he needs to pull the island out of a “death spiral,” has concluded that the commonwealth cannot pay its roughly $72 billion in debts, an admission that will probably have wide-reaching financial repercussions.

Illinois - a classic example of what happens when you make big promises, but under-fund those promises

We have used Illinois as a poster child for how not manage an economy. Here is an excellent 7 minute or so video from the Khan Academy explaining what happens when politicians make big promises, but never fund them.

Are you prepared for the coming Bond Market Crash?

“There is an event that is about to happen that will affect every investor, but unfortunately, most investors have no idea of what is coming.” M. Straith


We answer your questions on the coming economic crisis

Questions

In this issue we answer the following questions:

  •       Has the Bonds Bubble Crash started?
  •       Are we headed for deflation or inflation?
  •       Why has gold not performed better?
  •       What is the answer to this economic crisis?
  •       As investors, how do we survive this coming economic crisis?

 

Clinton Foundation Donors Got Weapons Deals From Hillary Clinton's State Department

From Internation Business Times...

>Hilary Clinton

Even by the standards of arms deals between the United States and Saudi Arabia, this one was enormous. A consortium of American defense contractors led by Boeing would deliver $29 billion worth of advanced fighter jets to the United States' oil-rich ally in the Middle East.

China's Gold Imports Drop Sharply

China imported surprisingly little gold from Hong Kong in April, imports declining on a net basis by 22% year-on-year to 52.2 tons, according to data from the Census and Statistics Department of the Hong Kong government. Net imports were thus down for already the third consecutive month, and were also at their lowest level since August 2014. 

Rand Paul: "I will force the expiration of the NSA illegal spy program”

NSA Center

We do not trust any politician, but at least there is going to be some debate on this constant strip mining of our rights & freedoms. From Bloomberg...

Republican presidential candidate Rand Paul said he plans to prevent the renewal of U.S. anti-terrorism programs when the Senate holds a rare Sunday session in a last-ditch effort to extend expiring surveillance rules.

Chart of the Day: Greek Bank Deposits

From Quartz....

This is what a dying banking system looks like!

Greek Deposits

More evidence that the Bond Bubble Crash is fast approaching

From Barons....

Inflation in Venezuela may have reached 100.7% year over year in April, bringing monthly average inflation to 8.5% in the first four months of the year.

7 Top FIFA Officials Arrested

Two criminal investigations into corruption at football's world governing body Fifa are under way, with seven top officials arrested in Zurich.

For those who are not familiar with how FIFA operates, John Oliver gave a great overview.

China state paper: ‘War inevitable’ unless US backs down

From PressTV

A war between the United States and China is “inevitable” unless Washington stops demanding Beijing halt its construction projects in the South China Sea, a Chinese state-owned newspaper warns.

War Planes

Why is the current generation so willing to give up the rights & freedoms so many died for?

Politicians & bureaucrats from around the globe are meeting, with the objective of eliminating cash.  While they will pronounce that they are doing this to chase down organized crime and terrorists, their true objective is to track down every single transaction you make.

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