The European Commission braces for a “state of emergency” in Greece, fearing social unrest and a break-down of basic supplies
Greek premier Alexis Tsipras has accused Europe’s creditor powers of trying to subvert Greece’s elected government after five years of “pillaging”, warning in solemn terms that his country will defend its sovereign dignity whatever the consequences.
The defiant stand came as the European Commission lashed out at the Greeks and warned that the country would collapse into a “state of emergency” unless there is a deal to avert a financial crash.
PM says ‘red warning lights are flashing’ against a backdrop of instability and uncertainty, as G20 summit draws to a close
David Cameron has issued a stark message that “red warning lights are flashing on the dashboard of the global economy” in the same way as when the financial crash brought the world to its knees six years ago.
Writing in the Guardian at the close of the G20 summit in Brisbane, Cameron says there is now “a dangerous backdrop of instability and uncertainty” that presents a real risk to the UK recovery, adding that the eurozone slowdown is already having an impact on British exports and manufacturing. Continue reading
A grave mistake is to think that this can’t happen or won’t happen, or that the Russians don’t have the capability. China and Russia have both publicly expressed their unity against the USA and the EU after engineering the chaos running through the Ukraine at this moment. Previously they’ve always been united behind scenes, but as they both grow and advance militarily, economically and politically they can be out in the open about it — especially now that they have been given cause.
China has also previously threatened the ‘nuclear option’ on the US Dollar. For additional information, read the following article: China threatens ‘nuclear option’ of dollar sales
The USA, which is drunk off its own power, becoming more corrupt daily and rotting from within might have to face a grave and sobering reality — and sooner rather than later. America is not untouchable.
Europe also faces the same fate as the Heizung can be turned off at any given moment. You’ll also likely see a united Europe like never before as a result, unlike America where its current administration keeps drawing a new line in the sand each time it back-peddles.
Moscow (AFP) – Russia could reduce to zero its economic dependency on the United States if Washington agreed sanctions against Moscow over Ukraine, a Kremlin aide said on Tuesday, warning that the American financial system faced a “crash” if this happened.
“We would find a way not just to reduce our dependency on the United States to zero but to emerge from those sanctions with great benefits for ourselves,” said Kremlin economic aide Sergei Glazyev.
He told the RIA Novosti news agency Russia could stop using dollars for international transactions and create its own payment system using its “wonderful trade and economic relations with our partners in the East and South.”
Russian firms and banks would also not return loans from American financial institutions, he said.
“An attempt to announce sanctions would end in a crash for the financial system of the United States, which would cause the end of the domination of the United States in the global financial system,” he added. Continue reading
The Bank for International Settlements has crafted a plan to inject major lenders with more cash, in the event of financial failure, while avoiding market chaos and the need to use taxpayers’ money.
According to BIS’ paper, the central bank forum laid out blueprints on how to recapitalise banks quickly and easily, while also allowing authorities to give an ironclad guarantee that insured depositors would not lose savings. Continue reading
Jim Sinclair states this morning that the entire US and Western banking system just missed a complete collapse and full bail-in by a hair’s length at the end of the Memorial Day Weekend.
Full details on the US banking system’s narrow miss of a complete systemic collapse and a full banking holiday Tuesday are below:
The entire Western World banking system just missed the need for a bail-in by a hairs length.
The next crisis in finance in North America will be a product of the FASB, the Guardians of Auditing, allowing banks to value OTC derivative paper at whatever the bank wishes. This is a camouflaged black hole loss unstated that Western Banking system deposits could fall into to disappear partially or wholly, made up of your deposits. Washington made moves to override the CFTC, mandating proper valuations which the FASB has run away from. Had the banks been required by the CFTC to value these derivatives at anything resembling a real market (there isn’t any markets for the legacy OTC derivatives of 1991 to 2008), we would have had another banking crisis in the USA on Tuesday after Memorial Day. The USA just missed another banking crisis by a hair’s length. Next time it will be closer. Continue reading
Most know who George Soros is, but perhaps not as much as they’d like to believe. More well-sourced and factual information about Soros can be found here — more than you could ever ask for, or want to know.
The intelligence community that we know no longer exists, as it has been infiltrated long ago and is redirecting its agenda.
Last October we explained how the Benghazi incident highlighted the very sad politicization of the Intelligence reporting of the United States. Not at the functional level, but at various points in the political leadership. Click the link below and read the post in light of this week’s revelations:
To be fair, there were cases of politicization of defense and intelligence matters in the Bush years as well, with the media questioning whether or not there really were WMDs in Iraq and the whole Valerie Plame situation to name a couple of incidents.
In our case, we have first-hand evidence of a problem in this regard. We were repeatedly told that “no one wants to go there” and that “it doesn’t fit the narrative” when we presented credible evidence of financial market manipulation that took place in 2008 and threats of worse going forward. In private meetings with Intelligence Officials, some privately acknowledged that “the narrative” prevented a thorough review of what took place in the financial crash. They said it was “in the past” and no one wanted to look back. Of course, this is from the same Administration that said last September’s Benghazi tragedy was “a long time ago.” Continue reading