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Panic: China Central Bank Steps In To Bailout Stocks As Underwater Traders Pray For A Rebound

On Sunday, the China Securities Regulatory Commission announced that the PBoC is set to inject capital into China Securities Finance Corp which will use the funds to help brokerages expand their businesses and reinvigorate stocks. In other words, the PBoC is now in the business of financing leveraged stock buying.



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Greeks Vote In "Holy Moment" - Live Updates



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Europarliament President Threatens Greeks With Armageddon If They Vote No

“Without new money, salaries won’t be paid, the health system will stop functioning, the power network and public transport will break down and they won’t be able to import vital goods because nobody can pay” President of European Parliament Martin Schulz warned Greek voters one day before the crucial Referendum on Sunday.



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The Economist Calls Victory For "No" Camp: Sees 60% Voting "Oxi"



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Did They "Fix" The US Economy?

The story of the "U.S Economic Recovery", who oversaw it, and how they f##ked "fixed" everything...



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Independence Day, Twice Removed

That like it or not, this is where the democracy was born that allowed for America to become a nation of free people. The same democracy celebrated from sea to shining sea every Fourth of July. And also the same democracy that is under threat, in Greece, in Europe as a whole, and very much in the US too.



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A 21-Year-Old Greek Unloads: "I Am Terrified Of Tomorrow...It Feels Like An End"

"I look at my three-year-old niece, I envy her ignorance, I envy her age... They say that all we hear is propaganda; but we have lost our trust in all sides, now everything seems to be lies... It feels like an end. The end of our lives as we knew them. Yes, the lives that, before Friday, we already thought could be better; now we realise they were better then. The only thing we truly wish for is that the worst is not yet to come."



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Citigroup Just Cornered The "Precious Metals" Derivatives Market

What JPMorgan is doing to the "Other" commodities space, Citigroup has just done to the "Precious Metals" derivative market.



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They Want To Use "Hate Speech Laws" To Destroy Freedom Of Speech In America

Even if you never intended to offend anyone and you had no idea that your words were insulting, in some countries you can be detained without bail and sentenced to years in prison for such speech. Today, there are highly restrictive hate speech laws in Canada, in Mexico and in virtually every single European nation. The United States is still an exception, but the truth is that our liberties and freedoms are being eroded every single day, and it is only a matter of time until “hate speech laws” are used to take away our freedom of speech too.



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This Is Why The Euro Is Finished

It’s simple, the euro is finished. It won’t survive the unmitigated scandal that Greece has become. Greece is not the victim of its own profligacy, it’s the victim of a structure that makes it possible to unload the losses of the big countries’ failing financial systems onto the shoulders of the smaller. There’s no way Greece could win. The damned lies and liars and statistics that come with all this are merely the cherry on the euro cake. It’s done. Stick a fork in it. The smaller, poorer, countries in the eurozone need to get out while they can, and as fast as they can, or they will find themselves saddled with ever more losses of the richer nations as the euro falls apart. The structure guarantees it.



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"The US Needs War Every 4 Years To Maintain Economic Growth"

"This is not a secret," explains Kris Roman, director of geopolitical research center Euro-Rus, "The whole [US] economy is built on the military theme: to maintain its economic growth, the United States needs a war every 4 years, otherwise the economic growth slows down." The Belgian expert believes that with the collapse of the USSR, NATO should have stopped existing, but somehow the alliance "has grown to the size of the Universe because the motto 'The Russians are coming!' is relevant again."



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Greece, China, & Russia – A Plan B For Tsipras

"Greece would survive, have new powerful friends, have bargaining chips that neither Europe nor America could ignore; China would have projected the use of the Yuan right in to Europe, and Russia would have more than a toe-hold for military power right inside NATO. If I was Tsipras or Varoufakis I would be on the phone right now."



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Nomi Prins: In A World Of Artificial Liquidity – Cash Is King

Global central banks are afraid. Before Greece tried to stand up to the Troika, they were merely worried. Now it’s clear that no matter what they tell themselves and the world about the necessity or even righteousness of their monetary policies, liquidity can still disappear in an instant. Or at least, that’s what they should be thinking. The problem is that central banks have no plan B in the event of a massive liquidity event. In this cauldron of instability and lack of leadership, cash is the one remaining financial possession that Main Street can translate into goods, services and security. That’s why private banks want more control over it.



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Whole Foods, Half Lies

Whole Foods has just been caught ripping-off customers, above and beyond their typical rip-off prices. So what does Whole Foods' leadership finally do about the recent pricing scandal? Create a feel-good advertisement! No staff changes nor any attempt at financial regress for the systematic and ongoing misconduct. They've already double bagged and taken home those ill-gains. Even worse, as we show, even the most fair mis-pricing will generally be "straight up" not fair.



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