MY LADIES:OK OK...BACK TO FACTS NOW PLEASE...
CHATTER: Spotlight on Greece’s Gold Reserves and Grexit
MY LADIES: VERY INFORMATIVE PIECE..THANK YOU CHATTER
PrincessDD: Looks like in this article they are using their Danish Kroner too http://www.thelocal.dk/20150627/denmarks-incoming-govt-wants-to-cut-top-tax-rate
MY LADIES: NOW LET'S GO TO IRAN OK...BECAUSE THIS WILL HAVE HUGE IMPACTS ON ALL SORTS OF THINGS WHEN THEY JOIN THE WORLD ON TUESDAY
Princess DD: <<< Obama plays ‘Let’s Make a Deal’ with nuclear Iran
MY LADIES: ALRIGHT SO I THINK THIS ANOTHER BEHIND YOUR BACK IN FRONT OF YOUR FACE DEAL.
THE FLAMINGO MATING DANCE CONTINUES AND I THINK WE ALL KNOW THE OUTCOME.
I THINK THIS DEAL IS LOCKED AND READY AND ALL THIS MEDIA IS JUST TRYING TO SELL IT TO THE AMERICAN PEOPLE.
With a Tuesday deadline for a negotiated deal, the stretch drive is following a familiar script. Iran raises its demands, and America, on behalf of major powers, responds with capitulations.
The most recent concession saw the United States dropping a demand that Iran come clean about how much of its past atomic research was related to military use. Secretary of State John Kerry signaled the retreat when he said he was “not fixated” on the past .
MY LADIES: WE SAW THIS U-TURN LAST WEEK REMEMBER, THAT'S WHEN I WAS PRETTY SURE THE DEAL WAS DONE.
Although European leaders protested, Kerry and his colleagues consistently show they will do almost anything to get a deal.
MY LADIES: THERE IS A BUCKET FULL OF MONEY ON THE TABLE.
Iran knows that, too, which is why it keeps making new demands, including that all economic sanctions be lifted immediately and that inspectors can never set foot on military sites.
The mullahs have the upper hand because the other side is desperate.
MY LADIES: SOUNDS DONE TO ME.
Meanwhile, the White House strategy to win support at home has been transparent, as in obvious.
After claiming the only alternative to an Iran deal was war, it has consistently lowballed the odds of a final agreement.
The aim is to make a deal desirable to the American public, then use that desire as a cover for making endless concessions.
Obama sealed the approach by saying there was no military option, so a deal was the only option.
MY LADIES: I FIND THIS NO COINCIDENCE THAT THIS DEAL LINES UP WITH THE DEFAULT ACTION AND COINCIDES WITH THE BRICS BANKS COMING ON LINE.
WE HAVE A BUSY COUPLE OF WEEKS COMING UP LET'S SEE WHERE WE END UP.
Farhead: Good points Mary, the Greek default/EU crisis and its aftermath will completely shadow the US congress's concerns over this deal( with Iran) in a few weeks.
On the other hand the new BAnks and specially the new international payment systems give Iran a way to trade internationally without the need for the current( singular) SWIFT system, hence a greater bargaining position.
Bottom line, US opposition will only hurt US big business and we know who controls all three branches of our government!!! It is a done deal, only political posturing for domestic politcs!
MY LADIES: CORRECT HOW DOES THAT SAYING GO
DAZZLE THEM WITH BULLS***.... WELL THAT'S WHAT'S HAPPENING ….IT'S DONE
SO ISN'T IT BETTER FOR THE US TO GET INTO A DEAL WITH IRAN NOW??
BECAUSE SANCTIONS OR NOT THEY WILL JOIN AN ALTERNATE SYSTEM IF SOMETHING IS NOT ARRANGED NOW.
SAUDI AND RUSSIA WILL HAVE THE OIL, SO MUCH FOR RUSSIAS SANCTIONS..
AND THE USA AND IRAN WILL HAVE THE GAS
SINCE YOU CAN'T HAVE 2 ROOSTERS IN THE SAME PILLOW CASE, THE US SENT SAUDI TO ALIGN WITH RUSSIA WHILE THEY CAN MAKE NICE WITH IRAN.
THE ALTERNATIVE IS RUSSIA HAVING ALL THE TOYS...
Farhead: Right... the new Asian banks and payment systems are in part insurance fior China, Russia, Brics and others that care to join, to escape US financial hegomony...we are about to see how it will affect the world in the future!!
MY LADIES: OH YES WE ARE
Chatter: G-7, EU Banking Officials Hold Emergency Calls Ahead Of Black Monday http://www.zerohedge.com/news/2015-06-28/g-7-eu-banking-officials-hold-emergency-calls-ahead-black-monday
MY LADIES: THIS IS INTERESTING, BUT I JUST DON'T THINK ANY CONFERENCE CALL IS GOING TO SLOW THE TRAIN DOWN....HOW EXPOSED IS GERMANY???
MY LADIES: OK BACK TO THE G7 SO WHILE LOOKING FOR THE BLOOMBERG REPORTS I FOUND THIS GREAT BLOG SPOT.. HAVE A LOOK
The Greek Butterfly Effect
MY LADIES: SO HERE IT IS ALL SUMMED UP REALLY NICE WITH A BOW ON TOP..
Many times nothing happens for a long time. Then all of a sudden everything happens at once. Like a dam break. It builds slowly and then it bursts.
Make the math workable
MY LADIES: SEE I SAID THIS YESTERDAY RIGHT...IT'S ALL ABOUT THE MATH...THE MATH DOES NOT LIE.
*In the US the 4 principle “solutions” to make the math workable were to:*
1. End mark to market which had the basic effect of allowing institutions to work with fictitious balance sheets and claim financial viability.
2. Engage in unprecedented fiscal deficits to grow the economy. To this day the US, and the world for that matter, runs deficits. Every single year. The result: Global GDP has been, and continues to be overstated as a certain percentage of growth remains debt financed and not purely organically driven.
3. QE, to flush the system with artificial liquidity, the classic printing press to create demand out of thin air.
4. ZIRP. Generally ZIRP has been sold to the public as an incentive program to stimulate lending and thereby generate wage growth & inflation. While it could be argued it had some success in certain areas such as housing, the larger evidence suggests that ZIRP is not about growth at all.
To make global debt serviceable. To make the math work without a default.
Here’s the strategic frame-up:
Ultimately what Greece needs is debt relief. Big time debt relief to make the math work.
The global cabal of creditors, ECB, EU, and IMF do not want that.
Why not? Because the very second they do this the classroom will look like this:
Here’s the strategic frame-up:
Everybody would want a cut on their debt starting with Italy, Spain, Portugal etc. and the dominos would be rolling.
MY LADIES: THIS IS A GOOD READ...CLICK THE LINK FOR THE WHOLE STORY
Bandito Rox: Greece To Close Banks And Stock Exchange On Monday
ATHENS/FRANKFURT, June 28 (Reuters) - Greek banks and the stock exchange will be shut on Monday after creditors refused to extend the country's bailout and savers queued to withdraw cash, taking Athens' standoff with the European Union and the International Monetary Fund to a dangerous new level.
Greece's banks, kept afloat by emergency funding from the European Central Bank, are on the front line as Athens moves towards defaulting on a 1.6 billion euros payment due to the International Monetary Fund on Tuesday. http://www.huffingtonpost.com/2015/06/28/greece-debt-crisis-capital-controls_n_7681344.html
PrincessDD: Black Monday is really happening WOW!
Bandito Rox: Athens stock exchange will not open on Monday: source
ATHENS, JUNE 28 http://www.reuters.com/article/2015/06/28/eurozone-greece-exchange-idUSA8N0Z302J20150628
PrincessDD: Ukraine is asking for a 40 percent write off and will also default in July
MY LADIES: OH YES IT IS COMING...THE EU WARNED THAT IT WOULD SPREAD LIKE A DISEASE..NO ONE IS IMMUNE FROM WHAT IS COMING...
BUT THE UPSIDE WILL BE A MUCH SOUNDER GLOBAL BANKING SYSTEM...(FOR NOW)
Chatter: A Money Murder Mystery: Who Killed the Stock Market?
Liquidity, the "life blood" that allows the world's capital markets to function, has been murdered.
Liquidity was choked violently in the bond market by the gloved hands of its erstwhile babysitter – the broker-dealers- but it bled to death in the stock market from a thousand cuts.
We should be afraid. The lurking henchmen who worked as lookouts on "the job" are the very regulators and guardians of the stock and bond markets who should've stopped it.
Worse, they don't understand their own crime.
That's scary enough, but what's more frightening is how the wheels of both the stock and bond markets could seize and come to a screeching halt at any time.
Investors who don't want to be murder victims need to examine the evidence.
Here it is, in black and white with red all over…
Dead on Arrival: One of the Most Important Functions of the Market
liquidity is critical for smooth functioning markets. Abundant liquidity has been the hallmark of U.S. capital markets. While there have been corrections and crashes in those markets, most of them were caused by massive selling that overwhelmed normal liquidity.
That's not the case anymore.
There is only normal liquidity on sunny, up-market days.
But on down days – for stocks and for bonds – liquidity dries up quickly. Indeed, it can disappear altogether – literally – in a matter of seconds.
Disappear as in: none. No buyers to be found – at any price.
There's only one reason stocks can free-fall: There's no liquidity. If there are no buyers waiting to catch falling assets at even bargain prices, there is no "bottom" to the market.
If there's no liquidity – and no bottom other than zero – investors caught in the next free-fall may not be so lucky, especially if markets don't rebound like they did in May 2010.
PrincessDD: Batista Jr is on Russia Today getting interviewed. He attends Bilderberger meetings. He is the IMF executive director… He is going to head up the BRICS and leaving the IMF.
AH: Everybody start getting in line for debt forgiveness..................starting with "a"s, followed by the "b"s, etc., etc...... Oh,....that means either America is at the front of the line or in the back with the United States of America...............lol
MY LADIES: SO I'M WATCHING THIS INTERVIEW WITH BATISTA AN I KEEP FLASHING ON ALL THE MONEY IRAQ HAS BORROWED FROM THE IMF...
HAVE A LOOK http://rt.com/shows/worlds-apart-oksana-boyko/270217-greece-ukraine-debt-crises/
PrincessDS: The Latest: Bank of Greece recommends banks remain closed http://www.myfoxaustin.com/story/29425532/the-latest-greek-minister-hints-no-payment-tuesday-to-imf
PrincessDD: And here we go!
Panic Among Hedge Fund Investors in Greece