Archive for June 17th, 2012

by John Aziz ZeroHedge.com 06/17/2012 The world’s eyes are on the Greek election, and whether or not Greeks will elect New Democracy’s Samaras (widely-assumed to be pro-bailout, pro-status quo), or SYRIZA’s Tsipras (widely-assumed to be anti-bailout, anti-status quo). The Eurocrats have very sternly warned Greece against voting against austerity. Merkel said: It is extremely... »

Raul Ilargi Mendoz BusinessInsider.com Jun. 16, 2012 Please allow me to start off with a few explanatory bits. At The Automatic Earth, we have always defined inflation in a different manner from most other sources. That is to say, we define inflation as an increase in money and credit supply (relative to available goods... »

Mike “Mish” Shedlock BusinessInsider.com Jun. 16, 2012 All eyes are focused on the Greek election on Sunday. However, a fundamentally far more important election (for the long term) will take place in France on Saturday. If socialists take control of both houses in French parliament as expected, president François Hollande would have free rein... »

Global Research June 16, 2012 Officials with the US Department of Defense have confirmed that the Pentagon has finalized procedures that outline how American forces could soon combat the government of war-torn Syria and officially involve itself in that state’s bloody uprising. After months of rumors suggesting that the US has unofficially made efforts... »

DEBKAfile.com June 16, 2012 As the violence in Syria continued to go from bad to worse in scope and intensity, US official sources had this to say Saturday, June 16, about planned US military operations in the war-torn country: “The intervention will happen. It is not a question of ‘if’ but ‘when.’” A Syrian... »

by Mike Adams NaturalNews.com Saturday, June 16, 2012 A lot of people believe they are becoming “power independent” by installing grid-tie solar systems, but what many don’t realize is that virtually all such systems are designed to actively go offline when the power grid goes offline. A “grid-tie” solar system is one that ties... »

By MATTHEW CRAFT AP.org Jun 16 NEW YORK (AP) — The unthinkable suddenly looks possible. Bankers, governments and investors are preparing for Greece to stop using the euro as its currency, a move that could spread turmoil throughout the global financial system. The worst case envisions governments defaulting on their debts, a run on... »

By: Peter Eavis CNBC.com Saturday, 16 Jun 2012 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... »

Paul Craig Roberts Prisonplanet.com June 16, 2012 When neoconservatives, politicians, and high ranking military officers speak of a 30-year war against terrorism, there is no discussion about its affordability or whether the one significant attack (September 11, 2001) that is attributed, perhaps incorrectly, to Muslim terrorists justifies an open-ended war against a dozen countries.... »

KingWorldNews.com June 16, 2012 With investors around the world wondering what can be done to fix the broken financial system, today Michael Pento, of Pento Portfolio Strategies, writes exclusively for King World News to let readers know what to expect and how to fix the system as it continues to collapse. Here is what... »