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The Latest Thing In China: Brokers Refusing Sell Orders

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china no selling

– The Latest Thing In China: Brokers Refusing Sell Orders (ZeroHedge, July 10, 2015):

Just think of it as brokers doing you a favor: do you really want to be arrested for “malicious” selling?

So why even bother with the pretense of “markets”, and not only in China, but in Japan, Europe, Switzerland, the US and everywhere else where central banks have directly injected $22 trillion in artificial liquidity in the past 7 years to keep the illusion afloat?

Read moreThe Latest Thing In China: Brokers Refusing Sell Orders

Greek Financial Advisor Suing “Politically Motivated” ECB For Crushing Greek Banks

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draghi

– Greek Financial Advisor Suing “Politically Motivated” ECB For Crushing Greek Banks (ZeroHedge, July 10, 2015):

The European Central Bank’s decision to reject the Bank of Greece’s request for increases in Emergency Liquidity Assistance (ELA) has, in a nutshell, crushed Greek banks for what appears to be purely political, nogitating-based motives. Greek financial advisor Alcimos (infamous for their heretical comments on the referendum) commenced proceedings before the General Court of the Court of Justice of the European Union, requesting the annulment of the ECB decisions.

The global and European economies are increasingly dominated by bureaucrats taking arbitrary decisions on capital allocation, with little regard for rules or process. The decisions of the ECB to reject the applications of the Bank of Greece for additional funding under ELA could have only been politically motivated, and therefore in clear violation of the ECB’s independence as enshrined in Article 123 TFEU. It is time for EU bureaucrats to stop acting as autocrats.

Read moreGreek Financial Advisor Suing “Politically Motivated” ECB For Crushing Greek Banks

Tsipras’ Letter To The Troika: Full Text

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Alexis Tsipras, Greece's new prime minister

– Tsipras’ Letter To The Troika: Full Text (ZeroHedge, July 10, 2015):

Follows the full text of a letter Greek PM Tsipras send to the Troika: Commission President Juncker, ECB’s Draghi, and the IMF’s Lagarde regarding the latest Greek deal proposal.

Dear President and Managing Director,

The attached proposal for a comprehensive and specific reform agenda by the Minister of Finance of Greece – aimed at complementing the request for a loan facility from the ESM of July 8 2015 – is conveyed to you following the Euro Summit decision of July 7 2015. 

Read moreTsipras’ Letter To The Troika: Full Text

Tsipras Sells Out Referendum ‘No’ Vote Ahead Of Weekend Deadline – Varoufakis Will Be Absent From Parliament Today, Detained Due To “Family Reasons”

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Related info:

– Varoufakis Will Be Absent From Parliament Today, Detained Due To “Family Reasons”:

Following Varoufakis’ resignation as Greek finmin on Monday, the first official casualty of the Greferendum which in retrospect was completely irrelevant, he has been put in a tough position of still having to be physically present in parliament of which he remains a member. But not today: moments ago Yanis tweeted that he will not be present to cast the critical vote supporting Syriza’s backtracked proposal, as he will be detained for “family reasons.”

varoufakis beer_0

Nonetheless, he also tweets that he fully supports the new FinMin Tsakalotos’ “in the fight he is going to put at the Eurogroup.” Unclear which fight he is referring to since Greece has backtracked to a position from before the referendum, but whatever.

– Tsipras Sells Out Referendum ‘No’ Vote Ahead Of Weekend Deadline (ZeroHedge, July 10, 2015):

“We got a mandate to bring a better deal than the ultimatum that the Eurogroup gave us, but certainly not given a mandate to take Greece out of the eurozone,” Greek PM Alexis Tsipras reportedly told Syriza lawmakers on Friday, underscoring the fact that his government’s mandate is, for all intents and purposes, impossible to achieve.

As detailed Thursday evening, the proposal (or, the “thorough piece of text” as Jeroen Dijsselbloem called it) submitted by Tsipras looks quite a bit like the proposal the Greek people rejected at Tsipras’ urging last Sunday. Here are the basics:

Read moreTsipras Sells Out Referendum ‘No’ Vote Ahead Of Weekend Deadline – Varoufakis Will Be Absent From Parliament Today, Detained Due To “Family Reasons”

Chinese Police Officially Launch Crackdown On Stock Sellers & Rumor Spreaders

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– Chinese Police Officially Launch Crackdown On Stock Sellers & Rumor Spreaders (ZeroHedge, July 10, 2015):

Not only has the Chinese regulator specifically asked all listed companies to submit reports, within the next two days, on the measures they will take to prop up their shares, according to the 21st Centruy Business Herald; but, as we warned yesterday, Chinese police have begun a “nationwide action plan” to work with stock regulator CSRC to crack down on now ‘illegal’ stock and futures trading. As SCMP reports, police are checking who sold off Ping An and PetroChina stocks in last 30 minutes of trading July 8 while Government was buying to boost index… Who needs QE? This is worse, much worse..

Read moreChinese Police Officially Launch Crackdown On Stock Sellers & Rumor Spreaders

Euro-Skeptic William Hague: “I Was Right In 1998, And I Am Right Today”

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hague-savile

William Hague

– Euro-Skeptic William Hague: “I Was Right In 1998, And I Am Right Today” (ZeroHedge, July 9, 2015):

“Chirac and many others were appalled as I told them in 1998… joining the euro would exacerbate recession in some countries, and that some would find themselves ‘trapped in a burning building with no exits’ – a phrase that brought me a fair amount of controversy and abuse… I hope the eurozone leaders meeting today will remember that those of us who criticised the euro at its creation were correct in our forecasts. Otherwise they risk adding to the monumental errors of judgment, analysis and leadership made by their predecessors in 1998.”

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Jimmy-Savile-Margaret-Thatcher

Violent Crime Is Surging In Major U.S. Cities And The Economy Is Not Even Crashing Yet

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Violent-Crime

– Violent Crime Is Surging In Major U.S. Cities And The Economy Is Not Even Crashing Yet (The American Dream, July 9, 2015):

Don’t let anyone tell you that crime is going down in America.  All over the United States, rates of violent crime in our major cities are increasing by double digit percentages.  Murders are way up, shootings are way up and rapes are way up.  So what is behind this sudden spike in crime?  In Baltimore, authorities are pointing to the racial tensions that were stirred up by the riots that erupted in protest to the death of Freddie Gray.  But what about the rest of the country?  From coast to coast, we are witnessing a dramatic increase in violent crime, and the economy is not even crashing yet.  So what is going to happen when the next great economic crisis hits us, unemployment skyrockets, and people really start hurting?

When I was surveying the news today, I was very surprised to learn that the murder rate in Milwaukee, Wisconsin has more than doubled so far this year…

Read moreViolent Crime Is Surging In Major U.S. Cities And The Economy Is Not Even Crashing Yet

10 Very Strange Things That Have Happened In Just The Past Few Weeks

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10-Sign

–  10 Very Strange Things That Have Happened In Just The Past Few Weeks (The American Dream, July 8, 2015):

Have you noticed that events have begun to accelerate?  Over the past few weeks, things have officially started to get very weird.  Chinese stocks are crashing, the Greek debt crisis is spiraling out of control, the New York Stock Exchange was down for about four hours on Wednesday thanks to a “technical glitch”, and global politicians have been acting very strangely.  After several years of relative calm, could it be possible that the second half of 2015 will usher in a time of chaos and confusion on a worldwide scale?  Personally, I have never been more concerned about a period of time as I am about the last six months of 2015.  And if I am right, what we have seen so far is just the tip of the iceberg.

The following are 10 very strange things that have happened in just the past few weeks…

Read more10 Very Strange Things That Have Happened In Just The Past Few Weeks

Chinese ‘Dead Cat Bounce’ Fades, “Hostile Sellers” Appear As Goldman Warns “Not Yet Fully Purged”

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– Chinese ‘Dead Cat Bounce’ Fades, “Hostile Sellers” Appear As Goldman Warns “Not Yet Fully Purged” (ZeroHedge, July 9, 2015):

*CHINA’S SHANGHAI COMPOSITE INDEX FALLS 0.6% TO 3,687.36 AT OPEN

Amid the highest level Typhoon warnings, China’s stock market continues to storm as only 49% of Chinese stocks are halted (down from 54%) as local analysts fear yesterday’s bounce (just like last week’s) was nothing but a dead cat bounce: “bounces like today prolong the timeframe to get that final bottom in place.” For the 14th day in a row margin balances declined with the pace accelerating (down 10.9% yesterday alone) for a total over 36% decline so far. Seemingly on pain of death, someone is selling Chinese stocks as CSI-300 futures opened a mere 0.2% higher then sold off – no follow through for now. Goldman warned to expect another 30% decline margin balance and concludes, China “hasn’t yet fully purged.”

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The Legend: Viktor Korchnoi – Lecture By GM Ben Finegold (Video)

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fischer-kortschnoi
Fischer vs Kortchnoi at the Candidates in Curacao, 1962

 


Jun 2, 2015

Description:

Grandmaster Ben Finegold profiles arguably the strongest non-World Champion ever, Viktor Korchnoi. A game from every decade the Soviet defector played strongly is featured.

Viktor Korchnoi vs Vladimir Zak, Leningrad (1951): D00 Queen’s pawn, Chigorin variation
Vladimir Mikhailovich Liberzon vs Korchnoi, USSR Championship (1960): B43 Sicilian, Kan, 5.Nc3
Korchnoi vs Arturo Pomar-Salamanca, EU-chT Kapfenberg (1970): A00 Benko’s opening
Korchnoi vs Karoly Honfi, Baden-Baden 32/127 (1981): A62 Benoni, fianchetto variation
Korchnoi vs Artur Yusupov, Cologne (1990): A18 English, Mikenas-Carls, Flohr variation
Korchnoi vs Pavel Kotsur, 34th Olympiad (2000): C02 French, advance, Wade variation

 

korchnoi-karpov
Anatoli Karpow and Viktor Kortschnoi in Meran, 1981

Peru: State Of Emergency In Palca District

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– Peru – State of Emergency in Palca district (Ice Age Now, July 10, 2015):

Frosts are covering the pastures and killing camels.

9 July 2015 – Authorities have asked the Regional Government of Tacna to declare an emergency and take actions to mitigate damage

Thermometers register to -20 ° celsius and a blanket of snow 15 centimeters and 5 centimeters in Paucarani Ancomarca notes Alcalde mayor.

Read morePeru: State Of Emergency In Palca District

Jade Helm: No Media Allowed To Observe It

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JADE HELM

– Jade Helm 15, heavily scrutinized military exercise, to open without media access (Washington Post, July 9, 2015):

Jade Helm 15, the controversial Special Operations exercise that spawned a wave of conspiracy theories about a government takeover, will open next week without any media allowed to observe it, a military spokesman said.

Embedded reporters won’t be permitted at any point during the exercise, in which military officials say that secretive Special Operations troops will maneuver through private and publicly owned land in several southern states. Lt. Col. Mark Lastoria, a spokesman for Army Special Operations Command, said his organization is considering allowing a small number of journalists to view selected portions of the exercise later this summer, but nothing is finalized.

Read moreJade Helm: No Media Allowed To Observe It

‘Daylight robbery!’ Uber screws Londoners with 300% Tube-strike price hike (VIDEO)

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– ‘Daylight robbery!’ Uber screws Londoners with 300% Tube-strike price hike (VIDEO) (RT, July 9, 2015):

Taxi firm Uber has been accused of ‘robbery’ after the company tripled its prices to cash in on the traffic chaos caused by the biggest London Underground strike in 13 years.

Uber users tweeted their anger at the online taxi company, expressing outrage as taxi fares rose by up to 300 percent at a time when thousands of Londoners were struggling to get to work.

“Demand is off the charts! Fares have increased to get more Ubers on the road,” the app stated.

Read more‘Daylight robbery!’ Uber screws Londoners with 300% Tube-strike price hike (VIDEO)

George W. Bush Charged $100,000 To Speak At Charity For Wounded Veterans

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Bush

– George W. Bush Charged $100,000 to Speak at Charity for Wounded Veterans (Liberty Blitzkrieg, July 9, 2015):

Former President George W. Bush billed a charity for wounded military veterans $100,000 in speaking fees three years ago, a new report says.

The organization also provided Bush with private jet travel to Houston at a cost of $20,000.

Laura Bush, the former president’s wife, additionally pocketed $50,000 after appearing for the group in 2011, ABC reported.

Helping a Hero fundraises for homes that are specifically adapted for military veterans with lost limbs and other severe injuries, it said.

The group specifically helps those who fought in Afghanistan and Iraq.

– From the Hill article: George W. Bush Charged $100K for Speech at Wounded Veterans Event 

Only in America could it been seen as acceptable for the man most directly responsible for causing young veterans their wounds, to turn around and charge $100,000 to speak in front of a charity for those same veterans.

While one could argue (though it’s becoming increasingly hard these days with evidence of Saudi Arabia’s role in 9/11), that the invasion of Afghanistan seemed justified at the time, the invasion of Iraq was nothing short of a horrific war crime. Iraq had nothing to do with September 11th, and everyone with half a brain knew that. The Iraq war continues to be a gigantic crime scene. One in which thousands of Americans and hundreds of thousands of Iraqis were killed. For absolutely no reason. 

Read moreGeorge W. Bush Charged $100,000 To Speak At Charity For Wounded Veterans

JPMorgan to Pay Another Slap on the Wrist Fine for Engaging in Systemic Consumer Credit Card Debt Fraud

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jamie dimon cufflinks

– JP Morgan to Pay Another Slap on the Wrist Fine for Engaging in Systemic Consumer Credit Card Debt Fraud (Liberty Blitzkrieg, July 8, 2015):

Just yesterday, I published a post titled: Florida Man Sentenced to 2.5 Years in Jail for Having Sex on the Beach. The purpose of that post wasn’t to justify his actions, but rather to highlight the difference between how average citizens are treated under the U.S. “justice” system, and how thieving, remorseless financial oligarchs are treated.

While, Mr. Caballero may have ruined the day of a few beach goers by crudely having sex on a public beach in broad daylight, he didn’t run the U.S. economy into the ground and cause destitution to tens of millions of Americans. Nor did he received trillions in taxpayer backstops and bailouts, only to turn around and pay himself a record bonus and then carry on with extremely profitable, illegal financial schemes. No, it was the bank executives who did (and continue to do) all of that. Guess who ends up in prison?

Read moreJPMorgan to Pay Another Slap on the Wrist Fine for Engaging in Systemic Consumer Credit Card Debt Fraud

Chance of frost in the Netherlands

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– Chance of frost in the Netherlands (Ice Age Now, July 9, 2015):

 Frost on the ground in July is a rarity.

9  July 2015 – A rare cold night in July with minimums between 5 and 10 degrees and very local as possible frost on the ground!

The lowest temperatures are expected over the sandy areas in the center and east of Brabant, the Veluwe and Twente, reports Weather Plaza. Frost on the ground in July is a rarity. In the past 45 years it was only five times previously.

Read moreChance of frost in the Netherlands

Nobel Prize-Winning Economist Demands US Taxpayers “Show Humanity & Save Greece”

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–  Nobel Prize-Winning Economist Demands US Taxpayers “Show Humanity & Save Greece” (ZeroHedge, July 9, 2015):

When the going gets tough, the taxed get going and that is what Nobel Prize winning economist Joseph Stiglitz thinks should happen. In a Time op-ed, Stiglitz warns (likely correctly) that if Greece continues with austerity, it would be depression without end; and so his solution is simple… “The U.S. was generous with Germany as we defeated it. Now, it is time for the U.S. to be generous with our friends in Greece in their time of need, as they have been crushed for the second time in a century by Germany, this time with the support of the troika.” Strawman much?

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China Soars Most Since 2009 After Government Threatens Short Sellers With Arrest, Global Stocks Surge

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– China Soars Most Since 2009 After Government Threatens Short Sellers With Arrest, Global Stocks Surge (ZeroHedge, July 9, 2015):

The Shanghai Composite Index had dropped as much as 3.8% to a 4 month low before the news that the cops were going to arrest anyone who was caught “maliciously shorting stocks”, when everything suddenly took off, and the SHCOMP closed  a “Dramamine required” 5.8% higher, the biggest daily increase since March 2009! Stocks around the globe followed, with US equity futures wiping out much of yesterday’s losses and up 1% at last check.

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Initial Jobless Claims Spike To Highest Since Feb, Near Crucial 300k Level

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– Initial Jobless Claims Spike To Highest Since Feb, Near Crucial 300k Level (ZeroHedge, July 9, 2015):

Initial jobless claims have surged almost 30k in the last 2 weeks and are nearing the Maginot Line of 300k (printing 297k vs 285k exp).  This is the worst claims print since mid-Feb and well above the levels that occurred at the end of QE3. Of course, apologists will note that there are likely holiday distortions in this data. At the same time, continuing claims continue to rise quite notably, now at their highest since mid-March having missed expectations for the last 7 weeks.

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Nigel Farage Destroys EU Group-Think: ‘There’s A New Berlin Wall … And It’s Called The Euro’ (Video)

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FYI.

Nigel-Farage-Euro

– Nigel Farage destroys the euro groupthink in just 4 minutes. (Sovereign Man, July 8, 2015):

Standing before the European Parliament yesterday, it took Nigel Farage just four minutes to completely destroy every argument supporting the Eurozone.

A few years back when he spoke at one of our Sovereign Man events in Santiago, he anticipated everything that we’re seeing right now.

Today it’s not nearly as controversial to say that the Eurozone experiment has failed. Anyone aware of what’s happening in Greece should say the same. But very few people really understand why.

As Nigel explains in the video below, right from the start, the system was never intended to help the Greek people.

Read moreNigel Farage Destroys EU Group-Think: ‘There’s A New Berlin Wall … And It’s Called The Euro’ (Video)

Preparedness Critics Are History’s Cannon Fodder

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self destructive

– Preparedness Critics Are History’s Cannon Fodder (Alt-Market, July 8, 2015):

The world is entering a kind of no man’s land, in between the realms of insane denial and utterly obvious crisis. Europe is now destabilizing amid the Greek soap opera (an event that I predicted in January would occur in 2015); China’s stock market bubble is bursting; and the U.S. dollar’s world reserve status is about to be decimated by the global shift toward the International Monetary Fund’s basket currency reserve system. I’m afraid I’m going to have to say this because I don’t know if anyone else will admit it: Alternative economic analysts were right, and the mainstream choir was either terribly wrong or disgustingly dishonest. However, as most of us in the liberty movement are well aware, being right is not necessarily a solution to disaster.

Read morePreparedness Critics Are History’s Cannon Fodder