Banks Quickly Abolishing Your Ability to Use & Store Cash. – D.S. o o o Priorities: Greeks Rush to Buy Laptops and Games Consoles in Anticipation of Economic Collapse. – JBG o o o Items from Mr. Econocobas: China ‘Heading Towards 1929 Market Crash’… Chinese Retail Investor Savings ‘fall into abyss’… ‘Greece Is On The Edge of Catastrophe. There Will be Riots and Chaos’ Greek Crisis – Breakdown Of Situation With Mike Maloney
Gold Up & S&P Down? o o o US Mint SOLD OUT of Silver Eagles, Announces Will Not Take Orders Until AUGUST! – D.S. o o o One in Five Americans Participates in Government Assistance Programs Each Month – G.G. o o o China stocks tumble again despite support measures. – G.P. o o o How The U.S. Government Could Default On Its Debt
“Greece Is Coming To Your Neighborhood” Marc Faber Warns o o o 9.3 million Americans went through a foreclosure or short sale between 2006 and 2014: Home shopping in Compton California. o o o Items from Mr. Econocobas: Greece Bailout Referendum: They Voted ‘No’. Now What? David Stockman- It Is NOT Priced-In, Stupid! Barack Obama Tells Another Whopper—–He Did Not Create 12.8 Million Jobs Sugar, Flour, Rice: Panicked Greeks Stock Up
Greeks Using Bitcoins to Preserve Their Wealth – H.L. o o o EU warns of Armageddon if Greek voters reject terms – JBG o o o Greece’s Yanis Varoufakis prepares for economic siege as companies issue private currencies – JBG o o o The BIS Is Trying To Hide A Terrifying Nightmare That Is Going To Send The World Into A Full-Blown Panic – B.B.
Rosy jobless numbers cover up bad news. – J.F. o o o Famous Rothschild Banking Dynasty Facing Fraud Charges In France o o o Non-working America soars by 640,000 in one month to new record of 93.6 million. Not in the labor force Americans up 11 million since 2010. o o o Sugar, flour, rice: panicked Greeks stock up on essentials – G.G. o o o Greek banks prepare plan to raid deposits to avert collapse. – G.G. o o o Tax Like It Is July 4, 1776. – PLC
Greek banks prepare plan to raid deposits to avert collapse – JBG (requires login) o o o Items from Mr. Econocobas: Greek Bank Closures May Deplete Supermarket Shelves Greece Maybe Out of Cash by Weekend Greek Banks Considering 30% Haircut On Deposits Over €8,000: FT The Complete Greek Referendum Walk-Thru: When, How, What To Expect; And What Comes Next
HJL, As I write this, Greece and its financial woes are in the news again. There is nothing especially surprising about that, as Greece has been there before. Greece has been in a state of “soft default” since at least 2009. For the last five years Greece and the EU have engaged in on again – off again negotiations trying to tap dance around what has become known as “The Greek Debt Crisis”. The can, as they say, has been kicked down the road several times. At the end of this month (June 2015), Greece is due to cough up …
“It Could Never Happen Here” | The 10th Man Investment Newsletter – D.S. o o o US Dollar Death Guarantee o o o Items from Mr. Econocobas: Americans Not In The Labor Force Soar By 640,000 To Record 93.6 Million; Participation Rate Drops To 1977 Levels Since 2007 The US Has Lost 1.4 Million Manufacturers, Gained 1.4 Million Waiters And Bartenders Part-Time Jobs Surge By 161,000; Full-Time Jobs Tumble By 349,000
THE SILVER CHART REPORT: The Coming Explosive Silver Price & Market o o o The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing o o o Items from Mr. Econocobas: Puerto Rico Bonds Are Collapsing “Heartbreaking” Scene Unfolds At Greek Banks As Pensioners Clamor For Cash Swindle Alert: How To Spot The Fed’s Impending Bailout Of Europe
U.S. debt headed toward Greek levels. – G.P. o o o Greece Collapse: The real situation in the streets of Athens – Note the comment about vendors not taking credit cards or debit cards, just cash. If you haven’t already done so, ensure you have some cash in case of an earthquake or other. – P.S. o o o Items from Mr. Econocobas: David Stockman- Good On You, Alexis Tsipras (Part 1) Greek Crisis: ‘We Rely on Imports. Soon Even the Most Basic Goods Won’t Be Available’– Don’t imagine Amid Puerto Rico Debt Woes, Reality Hits San Juan Streets Greece …
Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’ – JBG o o o When you have to trot out analysts to characterize something as a “calculated retreat” and “not a panic”, it’s a pretty good guess that the panic is on… Greek Debt Crisis – J.H. o o o Items from Mr. Econocobas: Greece Will Default To IMF Tomorrow, Government Official Says – There is still decisions to be played out here but if there is a “default” (extremely likely) and a no vote on Sunday, how this plays out could very well be very ugly… Greece Closing Banks …
Nature Provides Novel Solution To Energy Storage Problem o o o A Wary Athens Awaits the Referendum on Austerity. – JBG o o o Puerto Rico Debt Crisis Mounts With Key Deadline Just Week Away. – G.G. o o o Greece Update: Run On Banks Risks Leaving Them Cashless – JBG o o o The world is defenseless against the next financial crisis, warns BIS. – G.G. o o o Items from Mr. Econocobas: Greek Capital Controls Begin: Greek Banks, Stock Market Will Not Open On Monday
Video: Queues form outside Greek banks after referendum announcement – JBG o o o Greeks Line Up – Drain ATMs of Cash – T.P. o o o Lines form at Greek banks as PM Tsipras calls historic bailout vote o o o Items from Mr. Econocobas: What Electricity Consumption Tells Us About The State Of The US Economy – An Update: This is an interesting concept. This is a little geeky and probably hard to really gauge, but interesting. 18 Years Ago This Country Collapsed Overnight——Could It Happen Again?
The Economic Collapse Blog Has Issued A RED ALERT For The Last Six Months Of 2015. – B.B. o o o TOP 5 GOLD PRODUCERS: Stunning Decline In Gold Productivity o o o Items from Mr. Econocobas: Tsipras Meets With Merkel, Hollande Before Saturday Aid Decision Greece Rejects Bailout Extension: Tsipras “Won’t Be Blackmailed”, Threatens Snap Elections IMF Says It Still Expects Greece to Pay $1.7 Billion Due Tuesday
The Mystery Of The “Missing” Inflation Solved: Record Number Of US Renters Can’t Afford Housing. – H.L. o o o When Will US Debt Hit the Wall? o o o Items from Mr. Econocobas: Forget Grexit, “Madame Frexit” Says France Is Next: French Presidential Frontrunner Wants Out Of “Failed” Euro The Economy’s All Fixed—–Only 70 Million Adults Teetering On The Edge Of Ruin Chart Of The Day: Greece’s Money Goes Under The Mattress Credit Market Warning- Chris Martenson