This Is What The End Of European Democracy Looks Like
Underlying the question of whether European leaders and the Greek state will be able to come to terms amid the financial crisis is one even more fundamental: Is there room in Europe for democracy?
In January, Greek voters elected a government on a platform of anti-austerity, one that argued further cuts would not just be cruel to a people already experiencing 25 percent unemployment, but economically backward as well. European leaders have spent the five months since then doing everything they can to drive that Greek government from power.
If the troika of economic policy-setters succeeds in ousting the Greek government, it will send a clear message to other European Union countries: You are free to hold elections, but the government you elect can only do what we say. ...
Record-Breaking Heat Wave Scorches Europe
Triple-digit temperatures baked Spain and Portugal earlier this week before moving on to France, the United Kingdom, Germany, Poland and other areas of Europe, AccuWeather reported.
Madrid set a new record for its June heat on Monday when temperatures reached 103.5 degrees Fahrenheit, according to the Weather Channel, and southern Spain's Cordoba experienced 110.7 degrees on Sunday. A heat of 98.1 degrees at London's Heathrow Airport on Wednesday set a new record for July heat in all of the U.K., while the 103.5 degrees recorded in Paris that same day was the hottest reading in the city since 1873. Read more & PHOTOS
The Troika Turns Europe Into A Warzone
There's no there there. Europeans are completely clueless about what's happening here in Athens. They can't see to save their lives that their silence protects and legitimizes a flat out war against a country that is, just like their respective countries, a member of a union that now seeks to obliterate it. Europeans need to understand that the EU has no qualms about declaring war on one of its own member states. And that it could be theirs next time around. Where people die of hunger or preventable diseases. Or commit suicide. Or flee. All Europeans on their TV screens can see the line-ups at ATMs, and the fainting grandmas at the banks, the hunger, the despair. How on earth can they see this as somehow normal, and somehow not connected to their own lives? ... Read more
Contagion Continues: Italy, Spain Stocks Tumble To Post-Greferendum Lows
Having bounced midweek on 'hope' of a deal and 'faith' in Draghi's containment, European stock markets are tumbling back to the post-Greferendum lows of Tuesday. Italy and Spain are now down 5.5 to 6% and as the European close nears - and the realization thanks to The IMF that the vote is a simple Yes/No to debt haircuts - stocks are being sold and volatility is picking up. Bond spreads are leaking higher but it is clear that what Draghi really 'contained' was EURUSD which remains only marginally lower on the week. ...
Puerto Rico Is Emptying of People as Its Economy Disintegrates
As Puerto Rico begins to ration water, close schools and lose its healthcare system under the weight of a $73 billion debt, tens of thousands of its inhabitants are fleeing to the United States, where prospects of finding a better life are dim. Forty-five percent of Puerto Ricans live in poverty. ... Read more
DemocracyNow - http://www.democracynow.org/DN | "What to the Slave is 4th of July?": James Earl Jones Reads Frederick Douglass' Historic Speech (07/03/15) [5:48]
DN | "This Flag Comes Down Today": Bree Newsome Scales SC Capitol Flagpole, Removing Confederate Flag (07/03/15) [17:34]
GreeceAljazeera | The Eurozone Greek Government-debt Crisis & Resistance - Painful history locked into a new conflict (06/02/15) [46:50]
TRNN News - http://therealnews.com/TRNN | Elite interests aim to keep Greece on the path of further austerity, say University of Greenwich's Ozlem Onaran and University of London's John Weeks (07/03/15) [8:49]
TRNN | Survivor Sgt. Bryce Lockwood: Survivor of Israeli Attack on USS Liberty: It Could Not Have Been a Mistake, Part 2 (07/03/15) [19:30]
TRNN | Survivor Sgt. Bryce Lockwood: Survivor of Israeli Attack on USS Liberty: It Could Not Have Been a Mistake, Part 1 (07/02/15) [28:44]
TYT News - http://www.tytnetwork.com/TYT | Obama's No-Good, Terrible, Secret, Evil Trade Deal (TPP & TTIP) Is About To Pass (07/02/15) [13:52]
"President Obama is poised for one of the biggest victories of his second term after the Senate voted Tuesday to advance legislation enhancing his trade powers.TYT | HUGE Bernie Sanders Crowd Should Terrify Hillary (07/02/15) [7:46]
The Senate's 60-37 vote sets the stage for passage on Wednesday of the trade-promotion authority (TPA) bill, or fast-track, which House GOP leaders ushered through the lower chamber last week. If the Senate approves the measure, as expected, it heads to the White House for Obama's signature.
After the vote, liberal trade opponents on and off Capitol Hill acknowledged fast-track is all but certain to become law, throwing in the towel after a months-long legislative brawl that saw Obama siding with GOP leaders against his own Democratic base."
RT - http://www.rt.com/
Ring of Fire - http://ringoffireradio.com/RoF | Hillary Puppets Smear Bernie Sanders (06/30/15) [7:08]
RoF | The Biggest Lie of Obama's Presidency: The TPP (06/30/15) [6:12]
Thom Hartmann - www.thomhartmann.com/ThomHartmann | Bernie Sanders Could Be the Next FDR... (07/02/15) [7:58]
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National Debt - TILLIONS
*Demonocracyinfo | US Debt in Physical $100 bills [2:10]
United States owes a lot of money, with its debt equal to the size of the economy as of 2012. See the Statue of Liberty & WTC being dwarfed by the debt.
Five Banks Account For 96% Of The $250 Trillion In Outstanding US Derivative Exposure; Is Morgan Stanley Sitting On An FX Derivative Time Bomb?
Zero Hedge | Author | 09/24/11
The latest quarterly report from the Office Of the Currency Comptroller is out and as usual it presents in a crisp, clear and very much glaring format the fact that the top 4 banks in the US now account for a massively disproportionate amount of the derivative risk in the financial system. Specifically, of the $250 trillion in gross notional amount of derivative contracts outstanding (consisting of Interest Rate, FX, Equity Contracts, Commodity and CDS) among the Top 25 commercial banks (a number that swells to $333 trillion when looking at the Top 25 Bank Holding Companies), a mere 5 banks (and really 4) account for 95.9% of all derivative exposure (HSBC replaced Wells as the Top 5th bank, which at $3.9 trillion in derivative exposure is a distant place from #4 Goldman with $47.7 trillion). The top 4 banks: JPM with $78.1 trillion in exposure, Citi with $56 trillion, Bank of America with $53 trillion and Goldman with $48 trillion, account for 94.4% of total exposure. As historically has been the case, the bulk of consolidated exposure is in Interest Rate swaps ($204.6 trillion), followed by FX ($26.5TR), CDS ($15.2 trillion), and Equity and Commodity with $1.6 and $1.4 trillion, respectively. Read more