Default and Get it Over With; Stop the Needless Torture
• MIKE SHEDLOCKGreek officials keep stating a deal is near. Meanwhile, Goldman Sachs Warns Greece May Need to Default on Debts as IMF deadline looms.
Contents Pages by Subject
Economy - International
Rule By The Corporations
• http://www.paulcraigroberts.org, Paul Craig RobertThe Transatlantic and Transpacific Trade and Investment Partnerships have nothing to do with free trade. "Free trade" is used as a disguise to hide the power these agreements give to corporations to use law suits to overturn sovereign laws of nat
Goldman Sachs Warns "Too Much Debt" Threatens World Economy
• goldcore.com- Debt load of many countries is an economic risk - Ageing populations in developed world to put pressure on economies - Goldman proposes "creative" social policy to deal with looming crisis
The global economic 'canary in the coal mine' hasn't looked this sick since...
• Business InsiderSouth Korea's exports dropped by a huge 10.9% in dollar terms between May 2014 and May 2015, the biggest annual decline since the depths of the Great Recession in August 2009.
Ex-Im Bank is Welfare for the One Percent
• http://www.thedailybell.comThis month Congress will consider whether to renew the charter of the Export-Import Bank (Ex-Im Bank). Ex-Im Bank is a New Deal-era federal program that uses taxpayer funds to subsidize the exports of American businesses.
"The Fed Has Been Horribly Wrong" Deutsche Bank Admits,...
• http://www.prisonplanet.comDares To Ask If Yellen Is Planning A Housing Market Crash. The reason why Zero Hedge has been steadfast over the past 6 years in its accusation that the Fed is making a mockery of, and destroying not only the very fabric of capital markets (something
Euro-sclerosis
• http://www.zerohedge.com, by Alasdair MacleodThere appears to be little or nothing in the monetarists' handbook to enable them to assess the risk of a loss of confidence in the purchasing power of a paper currency.
How Qatar got so rich so fast
• http://www.businessinsider.com, HARRISON JACOBSFIFA officials were recently indicted in a $150 million bribery scandal in connection with the selection of South Africa as the host country for the 2010 World Cup.
TPP: The Global Corporate Empire Will Leave You Penniless
• jonrappoport.wordpress.com/That's right. In other words, the treaty is the treaty until it isn't, until it's something more, something different, something worse, something that empowers mega-corporations to a greater degree than previously negotiated.
"The Greek Endgame Is Here": Probability Of IMF Default Now 70%, Says Deutsche Bank
• http://www.zerohedge.com, by Tyler DurdenAs the farcical negotiations between Greece and its creditors unfold ahead of a June 5 IMF payment and as Alexis Tsipras is forced to spread false hope just to avoid a terminal bank run, a picture of the Greek endgame has emerged.
Thursday Humor: Greece Wins Contest To Design New Euro Coin
• http://www.zerohedge.com, by Tyler DurdenIf, like us, you assumed that Greece's move to effectively take out a loan from the IMF to pay back a previous IMF loan represented peak absurdity in the increasingly tense standoff between Athens and its creditors you would have been wrong because
Oil drops as dollar rally resumes
• http://www.reuters.comOil prices fell to their lowest levels in a month on Thursday as the dollar resumed a 10-day rally, making fuel more expensive for holders of other currencies.
The Bait-and-Switch Behind Economic Populism
• The Daily BellThe economic policy of populism is characterized by massive intervention, high consumption (and low investment), and government deficits. This is unsustainable and we can identify several stages as it moves toward its inevitable economic failure.
"We're Living In A Make-Believe World" Biderman Warns ...
• Submitted by Christoph Gisiger"We're Living In A Make-Believe World" Biderman Warns "A Global Recession Is Inevitable"
"It's A Coup D'Etat," David Stockman Warns "Central Banks Are Out Of Control*
• zerohedge.comWe're all about to be taken to the woodshed, warns David Stockman in this excellent interview.
HSBC fears world recession with no lifeboats left
• http://www.telegraph.co, By Ambrose Evans-PritcharThe world authorities have run out of ammunition as rates remain stuck at zero. They have no margin for error as economy falters
Greece to miss IMF payments amid fears of 'catastrophic' eurozone rupture
• http://www.telegraph.co, By Peter SpenceA Greek reversion to the Drachma would be an irreversible "disaster" for the entire euro project, Yanis Varoufakis warns
Businesses quietly switch to dollar in socialist Venezuela
• http://apnews.myway.com, By HANNAH DREIERIt's still possible to buy a gleaming Ford truck in Venezuela, rent a chic apartment in Caracas, and snag an American Airlines flight to Miami. Just not in the country's official currency.
Is Greece Still A Country If Someone Else Owns Its Assets?
• zerohedge.comThis story isn't actually about Greece, but it begins there.
A new Industrial Revolution is coming
• http://www.businessinsider.com, STRATFOROver the past 25 years, the Internet has radically altered the way people communicate and share ideas and the way businesses interact with customers and clients.
The Fall of Greece, Rise of China, and Collapse of the Dollar
• https://www.lewrockwell.com, By Peter SchiffPeter Schiff lays out for RT the future he sees for both Greece and China.
Another Central Bank Hits the Panic Button
• http://www.caseyresearch.comAt first glance, the European Central Bank's QE program appears to be working. Asset prices are up across the Continent. Old bubbles, like property in Spain, are reflating.
China Manufacturing PMI Contracts Third Month, Output Index at 13 Month Low
• globaleconomicanalysis.Mike ShedlockThe slowdown in China continues as the HBSC Flash PMI shows Output contracts at strongest rate in just over a year.
HSBC to charge for holding deposits
• ft.comThe decision underlies the extraordinary measures banks are taking to prevent their profit margins being crushed in the record low-interest rate environment.
Are They About To Confiscate Money From Bank Accounts In Greece Just Like They Did In Cyprus?
• theeconomiccollapseblog.comDo you remember what happened when Cyprus decided to defy the EU? In the end, the entire banking system of the nation collapsed and money was confiscated from private bank accounts.
McDonald's must break 'dinosaur' culture to stop the rot, experts warn
• http://www.theguardian.comGuardian analysis reveals struggling fast-food giant draws its board members from tight-knit Chicago pool that critics say raises 'very big red flags'
Netflix Stock Hits Record as Wall St. Sees World Domination
• WiredNetflix's stock reached an all time high today for the third day in a row. Shares peaked today at $628.50 a pop. And some analysts expect the price to keep climbing.
Cayman's Tax Free Economic Zone
• http://www.borderlessblog.comIn this episode we speak to Chris Morgan from The Cayman Enterprise City. This city is a thriving community of tech entrepreneurs operating in Cayman Enterprise City ("CEC"), Grand Cayman's innovative tax-free technology zone.
Revealing The Identity Of The Mystery "Belgian" Buyer Of US Treasurys
• zerohedge.comA little over a year ago, we showed something quite unexpected: in the span of just a few months, the tiny nation of Belgium had become the third largest foreign holder of US Treasurys.
The oil price war has just begun
• Business InsiderSaudi Oil Minister Ali al-Naimi may be one of the most powerful individuals in the global oil industry.
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