Caught On Tape: Dijsselbloem To Varoufakis: ‘You Just Killed Troika’

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Caught On Tape: Dijsselbloem To Varoufakis: “You Just Killed Troika” (ZeroHedge, Jan 31, 2015):

Amid ‘turmoiling’ stock markets on Friday, CNBC’s Simon Hobbs summed up the status quo’s thinking on the new Greek leadership when he noted, somewhat angrily and shocked, “The Greeks are not even trying to reassure the markets,” seeming to have entirely forgotten (and who can blame him in this new normal the world has been force-fed for 6 years) that political leaders are elected for the good of the people (by the people) not for the markets. Yesterday saw the clearest example yet of Europe’s anger that the Greeks may choose their own path as opposed to following the EU’s non-sovereign leadership’s demands when the most uncomfortable moment ever caught on tape – the moment when Eurogroup chief Jeroen Dijsselbloem (he of the “template” foot in mouth disease) stood up at the end of the EU-Greece press conference, awkwardly shook hands with Greece’s new finance minister, and whispered…”you have just killed the Troika,” to which Varoufakis responded… “wow!”

As Keep Talking Greece reports,

Read moreCaught On Tape: Dijsselbloem To Varoufakis: ‘You Just Killed Troika’

ECB Threatens Athens With Bank Funding Cutoff If No Deal In One Month: February 28 Is Now D-Day For Greece

mario-draghi-ecb

From the article:

So earlier today the ECB’s Erikki Liikanen, tired of pleasantries and dealing with what to Europe is a completely incomprehensible and illogical stance, one which is essentially a massive defection by Greece in the European “prisoner’s dilemma”, and which while leading to a Greek financial collapse and Grexit – both prerequisites to a subsequent Greek economic recovery unburdened by the shackles of the Euro – would also unleash a European depression, came out and directly threatened Greece that it now has 1 month until the end of February to reach a deal with the Troika, or else the ECB would cut off lending to Greek banks, in the process destroying the otherwise insolvent Greek banking sector.

ECB Threatens Athens With Bank Funding Cutoff If No Deal In One Month: February 28 Is Now D-Day For Greece (ZeroHedge, Jan 31, 2015):

As Deutsche Bank’s George Saravelos politely puts it, “Developments since the Greek election on Sunday have moved very fast.” And indeed, so far the new Tsipras cabinet, and here we focus on the words and deeds of the new finance minister Yanis Varoufakis, has shown that the market’s greatest hope – that the status quo in Greece will continue – has been crushed into a pulp (and so have Greek stock and bond prices) especially following yesterday’s most recent comments by the finmin in which he said that Greece “does not want the $7 billion” from the Troika agreement and that it wants to “rethink the whole program”, culminating with an epic exchange with Eurogroup chief Jeroen Dijsselbloem in which Greece made it clear that the “constructive talks” are over.

Read moreECB Threatens Athens With Bank Funding Cutoff If No Deal In One Month: February 28 Is Now D-Day For Greece

Did The Federal Reserve Make A Major Math Error When Reporting Its December Gold Withdrawals?

Did The Federal Reserve Make A Major Math Error When Reporting Its December Gold Withdrawals? (ZeroHedge, Jan 31, 2015):

According to the NY Fed, 177 tons of gold have been withdawn from its vault in 2014; according to foreign central banks, at least 207 tons of gold were withdrawn from the NY Fed in 2014.

Did a Fed intern make a very glaring math error or is something else going on?

Ukrainian Government: “No Russian Troops Are Fighting Against Us”. Sanctions against Russia based on Falsehoods

Ukrainian Government No Russian Troops Are Fighting Against Us - Sanctions against Russia based on Falsehoods

Ukrainian Government: “No Russian Troops Are Fighting Against Us”. Sanctions against Russia based on Falsehoods (Global Research, Jan 31, 2015):

Ukraine’s top general is contradicting allegations by the Obama Administration and by his own Ukrainian Government, by saying that no Russian troops are fighting against the Ukrainian Government’s forces in the formerly Ukrainian, but now separatist, area, where the Ukrainian civil war is being waged.

Here is a screen-print of a google-chrome auto-translation of that statement:

Ukrainian Government No Russian Troops Are Fighting Against Us - Sanctions against Russia based on Falsehoods-1

The Chief of Staff of Ukraine’s Armed Forces, General Viktor Muzhenko, is saying, in that news-report, which is dated on Thursday January 29th, that the only Russian citizens who are fighting in the contested region, are residents in that region, or of Ukraine, and also some Russian citizens (and this does not deny that perhaps some of other countries’ citizens are fighting there, inasmuch as American mercenaries have already been noted to have been participating on the Ukrainian Government’s side), who “are members of illegal armed groups,” meaning fighters who are not paid by any government, but instead are just “individual citizens” (as opposed to foreign-government-paid ones). General Muzhenko also says, emphatically, that the “Ukrainian army is not fighting with the regular units of the Russian army.”

In other words: He is explicitly and clearly denying the very basis for the EU’s sanctions against Russia, and for the U.S.’s sanctions against Russia: all of the sanctions against Russia are based on the falsehood that Ukraine is fighting against “the regular units of the Russian army” — i.e., against the Russian-Government-controlled-and-trained fighting forces.

Read moreUkrainian Government: “No Russian Troops Are Fighting Against Us”. Sanctions against Russia based on Falsehoods

In Denmark You Are Now Paid To Take Out A Mortgage

You can’t make this stuff up!


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In Denmark You Are Now Paid To Take Out A Mortgage (ZeroHedge, Jan 30, 2015):

With NIRP raging in the Eurozone and over €1.5 trillion in European government bonds trading with negative yields, many were wondering when any of this perverted bond generosity will spill over to other debtors, not just Europe’s insolvent governments (who can only print negative interest debt because of the ECB’s backstop that it will buy any piece of garbage for sale in the doomed monetary union). In fact just earlier today we, rhetorically, asked a logical – in as much as nothing is logical in the new normal – question:

Little did we know that just minutes after our tweet, we would learn that at least one place is already paying homeowners to take out a mortgage. That’s right – the negative rate mortgage is now a reality.

Thanks of Mario Draghi’s generosity with “other generations’ slavery”, and following 3 consecutive rate cuts by the Danish Central Bank, a local bank – Nordea Credit – is now offering a mortgage with a negative interest rate! This means, according to DR.dk, that Nordea have had to pay instead of charging interest to to a handful of customers, says housing economist at Nordea Kredit, Lise Nytoft Bergmann for Finance.

Read moreIn Denmark You Are Now Paid To Take Out A Mortgage

NYPD Launches Plan to Deal with Protests – Arm Police with Long Rifles, Machines Guns and Extra Protective Gear

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NYPD Launches Plan to Deal with Protests – Arm Police with Long Rifles, Machines Guns and Extra Protective Gear (Liberty Blitzkrieg, Jan 30, 2015):

Murders reached a historic low in NYC for 2014; overall crime was down across the board by nearly 5%; hell, even the holiday slowdown didn’t really lead to any additional crime. So clearly, now is the time when NYC really needs to implement a new anti-terrorism program which would empower a team of NYPD officers to roam around the city carrying machine guns. What could go wrong?This new squad will be used to investigate and combat terrorist plots, lone wolf terrorists, and… protests. “It is designed for dealing with events like our recent protests, or incidents like Mumbai or what just happened in Paris,” Bratton said, according to CBS.

– From the Gothamist article: New NYPD Anti-Terror Unit Will Get Machine Guns To Police Protesters

The morphing of “terrorism” and “domestic dissent” into an all encompassing and convenient category known as “domestic terrorists” or “domestic extremists” has been a long time coming. It has always been my contention, and continues to be, that the oligarchs who have funneled all of the wealth to themselves since the 2008 banker bailouts know exactly what they are doing. They also know that it will eventually result in severe domestic unrest during the next cyclical downturn. As such, the agenda has been to utilize the entirety of the intelligence-industrial-military complex created by the “war on terror” against the domestic population once it recognizes how badly it has been looted.

Read moreNYPD Launches Plan to Deal with Protests – Arm Police with Long Rifles, Machines Guns and Extra Protective Gear

30Y German Bund Yield Plunges Under 1% – Record Low

30Y German Bund Yield Plunges Under 1% – Record Low (ZeroHedge, Jan 30, 2015):

“…but it can’t go any lower, right?” On the heels of yesterday’s German deflation and today’s near-record EU wide deflation prints… and the ongoing tumble in inflation expectations post-Q€ – the rush for the safety of Bunds continues (and with it the arb-drag on US yields) as for the first time ever, 30Y German Bunds yield below 1%…

 

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The US Covert War on Venezuela

The US Covert War on Venezuela in 2015 – Diary: Jan 29 (Axis of Logic, Jan 29, 2015):

Plenty of coffee in the coffee houses and bakeries in Caracas. In the supermarkets or grocery stores? Very rare in the last few months. This is hardly surprising when, in the last week, the authorities uncovered more than 1,000 tons of ground coffee and roasted coffee beans waiting to be spirited away to Colombia. In Falcón state 15 tons of coffee was found; in Lara state a supplier and packaging company had 500 tons standing idle in his warehouse; in neighboring Portuguesa state a further 460 tons were discovered hidden in a warehouse and being sold as “gourmet coffee” which is almost 6 times the official price for standard ground coffee when there is, is fact, very little difference.

At the other end of country in Anzoategui state, the National Guard found 91 tons of food, personal hygiene and cleaning products. In this haul the authorities found 50,600 kilos of corn flour; 23,180 kilos of wheat flour; 9,100 kilos of rice; 3,510 kilos of pasta; 4,700 liters of vegetable cooking oil and 830 cans of fish. We could not detect if arrests were made.

The US Covert War on Venezuela in 2015

Interestingly enough cooking oil has suddenly become easy to find in Caracas – BUT, as this game continues, now white rice has vanished and all you can find is brown rice. Venezuela exported rice last year so where has it gone? Has it all been eaten suddenly?!

Read moreThe US Covert War on Venezuela

The Next War In The Middle East Has Begun And Israel Vows “To Act Powerfully On All Fronts”

– The Next War In The Middle East Has Begun And Israel Vows “To Act Powerfully On All Fronts” (ZeroHedge, Jan 29, 2015):

Israel and Hezbollah are at war.  On top of everything else that is going on in the world, now we have a new war in the Middle East, and nobody is quite certain what is going to happen next.  Israel has been preparing for this moment for more than 8 years.  So has Hezbollah.  According to some reports, Hezbollah has amassed an arsenal of 50,000 rockets since the end of the Hezbollah-Israel war in 2006.  If all-out warfare does erupt, we could potentially see tens of thousands of missiles rain down into an area not too much larger than the state of New Jersey.  And of course the Israeli military is also much more sophisticated and much more powerful than it was back in 2006.  If cooler heads do not prevail, we could be on the verge of witnessing a very bloody war.  But right now nobody seems to be in the mood to back down.  Hezbollah is absolutely fuming over an airstrike earlier this month that killed six fighters and a prominent Iranian general.  And Israeli Prime Minister Benjamin Netanyahu says that Israel is “prepared to act powerfully on all fronts” in response to a Hezbollah ambush that killed two Israeli soldiers and wounded seven.  Just such an incident is what sparked the war between the two sides back in 2006.  But this time, a conflict between Israel and Hezbollah could spark a full-blown regional war.

Read moreThe Next War In The Middle East Has Begun And Israel Vows “To Act Powerfully On All Fronts”