Economics

Greece Debt Talks Transform Into New Cold War – Portuguese Press

Tuesday, June 30, 2015
By Paul Martin

SputnikNews.com 30.06.2015 The Greek crisis is transforming into the Cold War, Portuguese newspaper wrote. “In recent days we witnessed an unusual series of attacks and retreats that took place between two opposing positions that fully expose the weaknesses of the European project,” Jornal de Noticias said. The hegemony of individual states, two main political... »

Greece Shows Importance of Gold as Europeans Buy Coins and Bars

Tuesday, June 30, 2015
By Paul Martin

By: GoldCore GoldSeek.com Tuesday, 30 June 2015 - Demand for physical gold from Europeans surges – Greek ATMs limit withdrawals to €60 per day – Greeks panic buy food, fuel and medicine – European elites threaten Greece with expulsion – Gold not subject to capital controls or “bail-ins” Demand for gold coins and bars... »

Gross Says Hold Cash, Prepare For “Nightmare Panic Selling”

Tuesday, June 30, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 06/30/2015 That an ETF can satisfy redemption with underlying bonds or shares, only raises the nightmare possibility of a disillusioned and uninformed public throwing in the towel once again after they receive thousands of individual odd lot pieces under such circumstances. The Rest…HERE Share on Facebook »

The Global Template For Collapse: The Enchanting Charms Of Cheap, Easy Credit

Tuesday, June 30, 2015
By Paul Martin

by Charles Hugh-Smith of OfTwoMinds blog ZeroHedge.com 06/30/2015 Cheap, easy credit has created moral hazard and nurtured magical thinking throughout the global economy. According to polls, the majority of Greek citizens want the benefits of membership in the euro/EU and the end of EU-imposed austerity. The idea that these are mutually exclusive doesn’t seem... »

16 Facts About The Tremendous Financial Devastation That We Are Seeing All Over The World

Monday, June 29, 2015
By Paul Martin

By Michael Snyder TheEconomicCollapseBlog.com June 29th, 2015 As we enter the second half of 2015, financial panic has gripped most of the globe. Stock prices are crashing in China, in Europe and in the United States. Greece is on the verge of a historic default, and now Puerto Rico and Ukraine are both threatening... »

Strap In! China Is Crashing Again

Monday, June 29, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 06/29/2015 In the last 2 days, PBOC has thrown everything at the ponzi-fest they call a rational market. An RRR cut, a Benchmark rate cut, a rev repo rate cut, a CNY50 Bn rev repo injection, a stamp duty cut, IPO halts (cut supply), and last but not least permission... »

The First Domino Falls – ‘Nothing Will Be Spared, Except Perhaps Gold’ – Roberts: ‘The West Is Collapsing’

Monday, June 29, 2015
By Paul Martin

Greece Pulls Out Of Bailout Talks, World Markets Hammered, Australia Sees $35 Billion Stock Wipeout And Now Puerto Rico Talks Default By Susan Duclos All News PipeLine July 29, 2015 he First Domino fell when Greek negotiators pulled out of the bailout talks and the world markets reacted badly, seeing losses almost across the... »

China’s Stock Slump Widens as Stimulus Fails to Calm Investors

Monday, June 29, 2015
By Paul Martin

SputnikNews.com 29.06.2015 The decline in Chinese stocks continued on Monday amidst wild volatility, indicating the nation’s 935-day bull market is over and the bubble might have popped. Kristian Rouz — The ongoing slump in mainland China’s stocks deepened during Monday’s trading, even though a full-scale monetary stimulus came into effect yesterday, providing the investment-starved... »

Default countdown? European banks lose €50bn as Greek debt deadline nears

Monday, June 29, 2015
By Paul Martin

RT.com June 29, 2015 The market value of European banks has shrunk by more than €50 billion after Greece shut down its banks until July, 6, the day after the referendum on the bailout deal is held. The Stoxx 600 Banks Index fell by 4.4 percent, the biggest daily decline since November 2011, Bloomberg... »

Former Treasury Official: The West Is Collapsing!…”Everything in this country is becoming Third World – nothing functions anymore.”

Monday, June 29, 2015
By Paul Martin

SilverDoctors.com June 29, 2015 Based on the reaction overnight by the stock market futures to the EU/Greek situation- I would hazard the opinion that the zombies on CNBC were slighly off-base when they asserted last week that a Greek default was already “priced into the market.” If Greece leaves the EU, it will likely... »

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