• Phoenix Capital...
    07/02/2015 - 11:09
    This process has already begun in Europe. It will be spreading elsewhere in the months to come. Smart investors are preparing now BEFORE it hits so they are in a position to profit from it...

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Did The IMF Just Open Pandora's Box?

... at this very moment, politicians from Spain's Podemos to Italy Five Star movement are drafting memos demanding that the IMF evaluate their own debt sustainability. Or rather unsustainability.



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How Greece Has Fallen Victim To "Economic Hit Men"

"Greece is being 'hit', there's no doubt about it," exclaims John Perkins, author of Confessions of an Economic Hit Man, noting that "[Indebted countries] become servants to what I call the corporatocracy ... today we have a global empire, and it's not an American empire. It's not a national empire... It's a corporate empire, and the big corporations rule."



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NSA Leak Reveals Both Merkel And Schauble Saw Greek Debt As Unsustainable Even After Haircut

"Merkel's fear was that Athens would be unable to overcome its problems even with an additional haircut, since it would not be able to handle the remaining debt... Within the German cabinet, Finance Minister Wolfgang Schnaeuble alone continued to strongly back another haircut... with IMF Managing Director Christine Lagarde described as undecided on the issue."



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JPMorgan Banker: "We Can't Make Money Anymore..."

"...between ridiculously low interest rates and the increasing costs of compliance, we can’t make money anymore..."

The US government has really screwed the world on this. Paperwork is the priority. Not business. The transition isn’t going to be smooth. And it won’t happen overnight. But there will come a time, and likely soon, when the United States gets displaced.



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Trading Stocks - It's Easier Than Farmwork... And Porn

While the Chinese recently found out that making money from trading is, in fact, not "easier than farmwork," it appears in America, trading stocks is back en vogue... Meet 2014 Playmate of the Year, Kennedy Summers, who has given it all up to become a day trader...



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"It Could Never Happen Here" - America Is Not Greece

Tick, tock... "it could never happen here?"



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Friday Humor: How To Use A Fax Machine

Hillary Clinton figuring out how to work a fax machine... and this is who may become America's next President?



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China State Official Hints Beijing May Bailout Greece

"I believe there are two ways to give Greece Chinese aid. First, within the framework of the international aid through EU countries. Second, China could aid Greece directly. Especially considering the Silk Road Economic Belt and the Asian Infrastructure Investment Bank. China has this ability," Fan Mingtao director of the Quantitative Finance Department at China's Institute of Quantitative and Technical Economics told Sputnik China. It would be difficult to imagine a more fitting pilot program for the world’s newest supranational lender than a rescue package for the birthplace of Western democracy which has been brought to its knees by that most Western of all multilateral institutions, the IMF.



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Varoufakis Will Resign If Referendum Passes, Says Would Rather "Cut Off Arm" Than Sign

"With banks shuttered and Greece’s economy hobbled by capital controls, Varoufakis said in a Bloomberg Television interview in Athens that he would “rather cut my arm off” than sign a deal that fails to restructure Greece’s debt."



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Cost Of "War" With ISIS Hits $9.2 Million Per Day

The American taxpayer is paying a hefty price to support the “battle” against the CIA’s “strategic asset” gone rogue. The damage: about $9.2 million per day or around $3 billion in total, meaning the US could have created around 67,000 average jobs with the money it's spent fighting the group.



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Goldman: "Greece Will Remain In Euro Even If It Votes No", And How Markets Will React

The time to negotiate the Greek referendum this Sunday has come and gone and at this point, one can only sit and wait as the vote results start trickling in on Sunday evening. And, as Goldman's Huw Pill prudently observes, the outcome of Sunday's Greek referendum is uncertain. "Regardless of the outcome, Greece will continue to face substantial economic dislocation in the shorter term." What is interesting is that Goldman says "Greece will ultimately remain in the Euro area even in the event of a ‘No’ vote."



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Plunge In Export Prices Is Now Worse Than The Great Financial Crisis

Spot The Recovery... 



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EU Parliament President Tells Greece:Time For Another Puppet Government

European Parliament president Martin Schulz said his faith in the Greek government had reached "rock bottom," and, as AFP reports, that he hopes it resigns after Sunday's referendum. Luckily, he has an idea for a solution... the time between the departure of Tsipras' hard-left Syriza party and new elections would have to "be bridged with a technocratic government, so that we can continue to negotiate." Just what The Greeks need - another "Yes man" puppet government to implement whatever Europe's bankers demand.



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Robot Kills Worker At German Car Factory

It begins... " The 22-year-old was part of a team that was setting up the stationary robot when it grabbed and crushed him against a metal plate..."



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