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China Stocks Crash, US Futures Flat Ahead Of More Greek Rumors

Posted by George Freund on May 28, 2015 at 10:35 AM

 

Submitted by Tyler Durden on 05/28/2015 06:46 -0400


Courtesy of central planning, virtually every single capital market has become an illiquid penny stock, with wild swings from one extreme to the other, the latest example of this being the Shanghai Composite, which after soaring 10% in the past ten days, crashed 6.5% overnight tumbling 321 points to 4620 after it briefly rose just ...

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DENMARK LEGISLATES CASHLESS SOCIETY

Posted by George Freund on May 27, 2015 at 11:55 AM


By PYMNTS @pymnts


What's Next In Payments®


7:15 AM EDT May 11th, 2015Share on twitterIn a groundbreaking move, the Danish government has initiated a proposal that will allow selected retailers such as restaurants, clothing stores and gas stations to refuse payments in cash.


Exceptions would be made for grocery st...

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It Is Mathematically Impossible To Pay Off All Of Our Debt

Posted by George Freund on May 25, 2015 at 12:30 AM



By Michael Snyder, on May 21st, 2015

Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt? Today, the debt of the federal government exceeds $145,000 per household, and it is getting worse with eac...

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Greece Says That It Will Default On June 5th, And Moody's Warns Of A 'Deposit Freeze'

Posted by George Freund on May 24, 2015 at 11:50 AM


By Michael Snyder, on May 20th, 2015


The Greek government says that a “moment of truth” is coming on June 5th. Either their lenders agree to give them more money by that date, or Greece will default on a 300 million euro loan payment to the IMF. Of course it won’t technically be a “def...

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Bank of England unwittingly reveals top secret taskforce looking into 'Brexit' - after bungling staff accidentally email highly confidential details to a NEWSPAPER

Posted by George Freund on May 23, 2015 at 3:55 PM


Highly confidential: There are concerns an exit would adversely affect the economy, and the Bank was looking into the implications of an exit from the EU in 2017

 

Email was forwarded on to The Guardian by the Bank's head of press

Included advice on how to keep taskforce's existence out of the media

Re...

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Moscow plans no response to Kiev's decision on foreign debt moratorium - FM

Posted by George Freund on May 20, 2015 at 7:50 AM


May 20, 13:46 UTC+3 MOSCOW

...

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Why Are Exchange-Traded Funds Preparing For A 'Liquidity Crisis' And A 'Market Meltdown'?

Posted by George Freund on May 19, 2015 at 5:25 PM



By Michael Snyder, on May 13th, 2015


Some really weird things are happening in the financial world right now. If you go back to 2008, there was lots of turmoil bubbling just underneath the surface during the months leading up to the great stock market crash in the second half of that year. When Lehman Brothers finally did collaps...

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Are They About To Confiscate Money From Bank Accounts In Greece Just Like They Did In Cyprus?

Posted by George Freund on May 19, 2015 at 5:20 PM



By Michael Snyder, on May 18th, 2015


Euros - Public DomainDo 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. Well, the nation of Greece is now approaching a similar endgame. At this point, the Greek government has n...

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The Economy Almost Crashed Last Week

Posted by George Freund on May 18, 2015 at 9:05 AM


Friday, May 15, 2015 20:25

by Bill Holter


All hell broke out in the credit markets during the overnight hours last Thursday morning, I’ll bet you didn’t even notice it.


Before getting into the meat of this piece, it is important to understand “what’s important”.


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Why Is JP Morgan Accumulating The Biggest Stockpile Of Physical Silver In History?

Posted by George Freund on May 10, 2015 at 11:30 AM



By Michael Snyder, on April 24th, 2015


Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver? Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver. Clearly, someone over at JP Morgan is convinced that physical silver is a great investment....

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