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The Economist Calls Victory For "No" Camp: Sees 60% Voting "Oxi"
Submitted by Tyler Durden on 07/05/2015 10:28 -0400The EIU forecast victory for the "No" camp as soon as the referendum was called. We are sticking to that call.
— The EIU Europe (@TheEIU_Europe) July 5, 2015
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Did They "Fix" The US Economy?
Submitted by Tyler Durden on 07/05/2015 10:15 -0400The 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
Submitted by Tyler Durden on 07/05/2015 09:25 -0400That 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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The Greek Bluff In All Its Glory: Presenting The Grexit "Falling Dominoes"
Submitted by Tyler Durden on 07/04/2015 22:46 -0400- 69 comments
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A 21-Year-Old Greek Unloads: "I Am Terrified Of Tomorrow...It Feels Like An End"
Submitted by Tyler Durden on 07/04/2015 23:10 -0400"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
Submitted by Tyler Durden on 07/04/2015 22:48 -0400What JPMorgan is doing to the "Other" commodities space, Citigroup has just done to the "Precious Metals" derivative market.
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This Is Why The Euro Is Finished
Submitted by Tyler Durden on 07/04/2015 21:34 -0400It’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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They Want To Use "Hate Speech Laws" To Destroy Freedom Of Speech In America
Submitted by Tyler Durden on 07/04/2015 21:55 -0400Even 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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"The US Needs War Every 4 Years To Maintain Economic Growth"
Submitted by Tyler Durden on 07/04/2015 21:20 -0400"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
Submitted by Tyler Durden on 07/04/2015 20:45 -0400"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
Submitted by Tyler Durden on 07/04/2015 19:10 -0400Global 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
Submitted by Tyler Durden on 07/04/2015 18:20 -0400Whole 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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With 6 Hours Until The Greek Vote, This Is Where We Stand
Submitted by Tyler Durden on 07/04/2015 17:59 -0400- 137 comments
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5 Things To Ponder: Independence Day Reading
Submitted by Tyler Durden on 07/04/2015 17:10 -0400This weekend's reading list is a smattering of articles to enjoy between your favorite beverage, grilled meat and really fattening desert. Just remember to go back to the gym on Monday...
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Will Greek Depositors Under €100,000 Be Spared In Case Of A "Bail-In"
Submitted by Tyler Durden on 07/04/2015 16:48 -0400"Could deposits below €100k be protected as it happened in Cyprus? The answer depends on the total amount of deposits above €100k. If there are enough of these large deposits above €100k, then most likely any required deposit haircut will be inflicted on these depositors only. There are no recent data on how big this universe of large deposits is. The most recent data from the European Commission suggest that at the end of 2012, covered (i.e. those below €100k) represented 75% of eligible Greek deposits. We suspect this number is now significantly higher leaving little room for depositors with less than €100k to be spared."
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