Thursday, June 18, 2015

SELDOM WILL YOU SEE MORE TROUBLING HEADLINES IN A 24 HOUR PERIOD ...........

EUROPE, CHINA, AND THE U.S. ALL HAVE ENORMOUS FESTERING PROBLEMS THAT LEADERSHIP WOULD PREFER TO IGNORE, WITH EACH PASSING DAY THAT BECOMES HARDER TO DO. BUT DON'T WORRY, THE U.S. STOCK MARKET IS ON ANOTHER FANTASY FLIGHT BECAUSE THE FED DID NOT RAISE INTEREST RATES.  THE DOMINO'S ARE WOBBLING, SERIOUSLY WOBBLING AT THIS POINT.


Moscow Furious After Both Belgium And France Freeze Russian State Assets

Both France and Belgium have moved to freeze Russian state assets on Thursday, prompting an angry response from Moscow and serving to further inflame tensions between Russia and Europe amid escalating violence in Ukraine and an increasingly aggressive stance towards the Kremlin on the part of Washington and NATO.

Eurogroup Meeting Ends Without A Deal, Greek Belligerence Grows

Another day over, and another failure to reach a Greek deal, except for the usual pathetic rumor mill allowing "someone" to exit positions:

NO DEAL AT EUROGROUP, SAYS DOMBROVSKIS ON TWITTER

As Greek belligerence grows:

GREECE WON'T BE BLACKMAILED, GREEK GOVT OFFICIAL SAYS
GREEK GOVT SAYS SOME PEOPLE SEEKING TO INCITE CAPITAL FLIGHT

Europe Folds? German Zeit Reports EU, ECB Will Extend Aid To Greece Without IMF; Merkel Denies

Believe it or not: GREECE AID TO BE EXTENDED UNTIL YR-END W/O IMF: DIE ZEIT

... NOT! GERMAN NEWSPAPER ZEIT REPORT ABOUT CONCESSIONS MADE TO GREECE BY CREDITORS HAS NOTHING TO DO WITH REALITY, SUCH A PROPOSAL WOULD DEFINITELY NOT FLY - EU DIPLOMATS

Game Over For Greek Banks: Depositors Yank €2 Billion In Past Three Days

The Troika - whose intention from the very beginning was to cripple Greek banks so badly and terminally that Tsipras and Varoufakis are forced to accept any terms hoisted on them as we predicted in January - has succeeded. The only question is how long until the Syriza government admits defeat.

Europe Considers Emergency Debt Writeoffs As Greece Faces "Ungovernable Chaos"

European creditors will reportedly consider writing down their Greek debt in order to get the IMF back to the table and make the country's long-term prospects more sustainable. Meanwhile, Greeks are taking to the streets and one portfolio manager warns of anarchy.

Greek Debt Committee Just Declared All Debt To The Troika "Illegal, Illegitimate, And Odious"

"Greece not only does not have the ability to pay this debt, but also should not pay this debt first and foremost because the debt emerging from the Troika's arrangements is a direct infringement on the fundamental human rights of the residents of Greece. Hence, we came to the conclusion that Greece should not pay this debt because it is illegal, illegitimate, and odious."

Greek Citizens Threaten To "Take The Heads" Of "Grave Digging" Creditors

"They are going to turn us into murderers. If they come to seize my house I'm ready to take the head of whoever is standing there—and I'm not the only one thinking this way."

"They can take our money, but they cannot take our hearts and souls. We live for our dignity."


Fear Trumps Greed As Chinese Stock Bubble Canary In The Coalmine Croaks

Chinese stocks had a tough night with CHINEXT dropping back into official correction once again and the rest of the Chinese stock euphoria fading systemically. In fact, Chinese stocks have gone nowhere in the last month -which is a major problem for a margin-loan-driven ponzi-fest. However, there is a much more worrying canary in China's coalmine which as one analyst warns "investors are becoming more fearful than greedy." The "No-Brainer" China IPO Trade has tumbled in the last few weeks as limit-up gains disappear, and is nearing a bear market. UP, DOWN, UP, DOWN, A VOLATILE AND VERY DANGEROUS MESS IS COMING TO A HEAD! 

George Soros Warns Washington To "Mend Relations With China" Or Face World War 3

"Both the US and China have a vital interest in reaching an understanding because the alternative is so unpalatable," Soros wrote in an article for the New York Review of Books, with the danger imminent if Chinese economic reforms fail forcing President Xi Jinping to "foster some external conflicts to keep the country united and maintain himself in power." These "conflicts" would present themselves in the form of a Sino-Russo alliance which could draw the entire world into war.

9 Confirmed Dead After White Gunman Opens Fire On Black Congregation In Charleston Church

9 people are confirmed dead, including State Senator Clementa Pinckney, after a white gunman opened fire inside one of Charleston's oldest and most well known black churches tonight. Mayor Joe Riley exclaimed, "this is an unspeakable and heartbreaking tragedy in this most historic church, an evil and hateful person took the lives of citizens who had come to worship and pray together." As The Post and Courier reports, a bomb threat complicated the investigation and prompted police to ask nearby residents to evacuate.

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