by Tyler Durden ZeroHedge.com 06/16/2012 Yet the most ironic moment in the Greek denouement will come when fractional reserve lending collapses onto itself: Stavropoulos and her friends have a new strategy to deal with their daily expenses. “We charge everything to our credit cards,” she says. If the Greek banks fail, they won’t be... »
Archive for June 16th, 2012
As Greek Banks Run Out Of Safe Deposit Boxes, An Eerie Calm Takes Over The Country 24 Hours Before D-Day
The Military Occupation of Tampa Goes Live
Foreign troops practice for any disturbance at the GOP convention LewRockwell.com This is not some Hollywood action movie – though the Pentagon runs both – but America 2012, only worse. If you are going to Tampa, take this video to heart. The killers will be in charge, and the are a bloodthirsty bunch. Give... »
Banks ready contingency plans for potential Greek exit of Euro in Sunday’s vote
TheExtinctionProtocol.com June 16, 2012 FINANCE – The banks are on high alert. Hundreds of employees at big firms, some part of special teams, will be on standby this Sunday, awaiting the results of Greece’s pivotal election. They are preparing for the worst case. The fear is that the vote will heighten the chances of... »
It’s Official: Presidency Now a Dictatorship
Kurt Nimmo Prisonplanet.com June 16, 2012 Obama’s latest outrageous violation of the laws of the United States demonstrate that the nation has arrived at its destination: a dictatorship lorded over by an imperial ruler. On Friday, Obama instructed the government to ignore an influx of illegal aliens streaming over the border. The move was... »
DAVID ROSENBERG: 51 Signs The Economy Is A Total Disaster
Mamta Badkar BusinessInsider.com Jun. 16, 2012 The U.S. economic recovery has been weak and the looming fiscal cliff threatens to act as a further drag on the economy. Europe is imploding with the chances of a ‘Grexit’ increasing, and Spain’s economy deteriorating and risking contagion. In his latest report “Charts With Dave”, bearish Gluskin... »
Deutsche Bank: “The Spanish Recapitalization Is Not Working” – A Market Shock Is Required
by Tyler Durden ZeroHedge.com 06/16/2012 This weekend, everyone’s attention will be on the Greek elections, however it is Spain that has now become the “fulcrum security” of Europe. As such, events in Greece are merely a catalyst that will set off a chain of events that will have an impact not only on Spain,... »
Gerald Celente – Expect A Tidal Wave Entrance Into Gold
KingWorldNews.com June 15, 2012 Today top trends forecaster Gerald Celente discussed gold at length, as well as other important trends with King World News. Celente is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world. Celente predicted, “a tidal wave entrance into gold,” because... »