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Jason Hartman – Financial Repression Comes In All Shapes And Sizes

from Financial Survival Network Jason Hartman joined us today to discuss the antidote to Financial… [more]

Jason Hartman – Financial Repression Comes In All Shapes And Sizes Jason Hartman - Financial Repression Comes In All Shapes And Sizes

Andrew Hoffman – Has Greece Become Neverland?

from Financial Survival Network What In The World Is Really Going On Wednesdays With Andrew Hoffman.… [more]

Andrew Hoffman – Has Greece Become Neverland? Andrew Hoffman - Has Greece Become Neverland?

Jordan Goodman – Latest Take On The Fed

from Financial Survival Network Jordan E. Goodman is “America’s Money Answers Man” and a nationally-recognized… [more]

Jordan Goodman – Latest Take On The Fed Jordan Goodman - Latest Take On The Fed

James Hirsen – Lessons In Finance From The Famous

from Financial Survival Network James Hirsen returns to the program... Success in the music, sports,… [more]

James Hirsen – Lessons In Finance From The Famous James Hirsen - Lessons In Finance From The Famous

Gordon T. Long – Greece And Puerto Rico: Public Pensions Come Undone

from Financial Survival Network According to Gordon T. Long, Greece and Puerto Rico's collapses have… [more]

Gordon T. Long – Greece And Puerto Rico: Public Pensions Come Undone Gordon T. Long - Greece And Puerto Rico: Public Pensions Come Undone

Patrick Crow – Don’t Use Debit Cards, and Watch Out For Gas Station Skimmers (Episode 14)

from The Identity Theft Warriors Patrick Crow is COO of KeepMyID.org, and a leading expert on identity… [more]

Patrick Crow – Don’t Use Debit Cards, and Watch Out For Gas Station Skimmers (Episode 14) Patrick Crow - Don't Use Debit Cards, and Watch Out For Gas Station Skimmers (Episode 14)

John Rubino – End of the Greek Tragedy is Here, Just as the Chinese Tragedy Starts

from Financial Survival Network John Rubino recounts how the Greek Tragedy has finally come to an… [more]

John Rubino – End of the Greek Tragedy is Here, Just as the Chinese Tragedy Starts John Rubino - End of the Greek Tragedy is Here, Just as the Chinese Tragedy Starts

Keith Neumeyer – Supply Crunch Coming In The Mining Sector

from Financial Survival Network Keith Neumeyer has created two billion dollar mining companies, First… [more]

Keith Neumeyer – Supply Crunch Coming In The Mining Sector Keith Neumeyer - Supply Crunch Coming In The Mining Sector

Christopher Markowski – Yet Another Greek Bailout Coming?

from Financial Survival Network Christopher Markowski has carried the titles of author, investment… [more]

Christopher Markowski – Yet Another Greek Bailout Coming? Christopher Markowski - Yet Another Greek Bailout Coming?

John Rubino – When is a Housing Recovery Not a Housing Recovery?

from Financial Survival Network John Rubino returns... Mortgage rates are going up. Could this be… [more]

John Rubino – When is a Housing Recovery Not a Housing Recovery? John Rubino - When is a Housing Recovery Not a Housing Recovery?

You’re Macrostomum Hstrix

by Karl Denninger
Market-Ticker.org

I’m quite serious.

After nearly 10 years of writing on the various schemes and scams that have and continue to destroy your financial and personal future I have observed only commentary in response including (1) the law will simply be more-ignored (yet they won’t do anything about it), (2) bleating that if you just vote for {democrats|republicans|martians|the-man-with-a-tardis} it will all be fixed despite 30+ years of evidence to the contrary, (3) you should buy ghold (which will be $50,000/oz “soon”), (4) you should read books written by men intended to control more men using the threat of eternal hellfire as their premise (how come nobody can prove it?) or (5) just BTFD and you’ll get rich (how’d that work in 2008?)

Continue Reading at Market-Ticker.org…

Greece Defaults on IMF

from Boom Bust

Video Description…

COT Report For Silver is Off-the-Charts Wildly Bullish in the Extreme

by Ed Steer
Silver Seek

YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM

The gold price crept higher in early Far East trading on their Friday morning—and that lasted until shortly after 8 a.m. Hong Kong time. It didn’t do much until the spike down at the London open—and the subsequent rally got its wings clipped once the London a.m. gold fix was done for the day. The absolute low tick of the day came shortly before the equity markets opened in New York. They crawled higher from there until 12:50 p.m. EDT—and then traded flat into the 5:15 p.m. close of electronic trading.

Despite the appearance of a lot of price activity yesterday, it’s only because of the ‘y’ axis scale on the chart. Gold traded in less than a ten dollar range all day on Friday, so the highs and lows aren’t worth mentioning here. But, having said that, ‘da boyz’ did set a slight new low for this current move down.

Continue Reading at SilverSeek.com…

Harvey Organ’s Daily Gold & Silver Report – July 1st, 2015

Greece sends letter to the Troika and they refuse to deal until after the referendum / Michael Snyder warns of the coming shadow banking destruction / Poor USA auto sales

by Harvey Organ
Harvey Organ’s Blog

[...] Before we head into the body of the commentary, I would like to point out that tomorrow, we will have the jobs report and as you know, gold and silver are generally very volatile. So expect an interesting day tomorrow in the precious metals.

As far as Greece is concerned, you must look at the big picture to try and get an understanding as to what is happening.

The key for Greece is to stay in the euro zone similar to England whereby UK uses the pound even though they are in the eurozone. Greece will still keep its huge free trade zone. However it also will join the BRICS and by doing so, it will have a huge free trade zone with Russia and China and also it will be a gateway to the west for the huge Chinese SILK ROAD project.

Continue Reading at HarveyOrganBlog.com…

Gold Shrugs Off Armageddon

by Barry Ritholtz
Bbloomberg View

This was the week Greece inched closest to chaos, as a bank holiday and a technical default caused markets around the world to erupt in turmoil. They recovered somewhat Tuesday, and futures looked stronger Wednesday morning, but on Monday, the NASDAQ Composite Index lost 2.4 percent, the Standard & Poor’s 500 Index lost 2.09 percent and the Dow Jones Industrial Average fell 1.95 percent. Volatility exploded, as the Chicago Board Options Exchange Volatility Index surged 35 percent, its biggest increase in two years, to 18.85.

One would imagine that such a scenario might be constructive for gold. It has been called the best measure of fear, the only real currency, a refuge for those who plan for panic. So how is it doing these days? Spot prices were soft on Monday, despite the wild volatility in equities, drifting down a few bucks from about $1,180 an ounce to about $1,176. They fell a few dollars more yesterday, and are soft Wednesday.

Continue Reading at BloombergView.com…

The “Smartest Money” Is Liquidating Stocks At A Record Pace: “Selling Everything That’s Not Bolted Down”

from Zero Hedge

Just over two years ago, at the Milken global conference, the head of Apollo Group Leon Black said that “this is an almost biblical opportunity to reap gains and sell” adding that his firm has been a net seller for the last 15 months, ending with the emphatic punchline that Apollo is “selling everything that is not nailed down.

Roughly at that time the great stock buyback binge began, which coupled with two more central banks entering the stock levitation “wealth effect” bonanza, provided ample opportunity for the biggest asset managers in the world to sell into.

Continue Reading at ZeroHedge.com…

There is No Way Out of a Pan-global Economic Collapse

from Gregory Mannarino

Video Description…

Why The Puerto Rico Debt Crisis Is Such A Huge Threat To The U.S. Financial System

by Michael Snyder
The Economic Collapse Blog

The debt crisis in Puerto Rico could potentially cost financial institutions in the United States tens of billions of dollars in losses. This week, Puerto Rico Governor Alejandro Garcia Padilla publicly announced that Puerto Rico’s 73 billion dollar debt is “not payable,” and a special adviser that was recently appointed to help straighten out the island’s finances said that it is “insolvent” and will totally run out of cash very shortly. At this point, Puerto Rico’s debt is approximately 15 times larger than the per capita median debt of the 50 U.S. states. Yes, the Greek debt crisis is larger, as Greece currently owes about $350 billion to the rest of the planet. But only about $14 billion of that total is owed to U.S. financial institutions. But with Puerto Rico, things are very different. Just about the entire 73 billion dollar debt is owed to U.S. financial institutions, and this could potentially cause massive problems for some extremely leveraged Wall Street firms.

Continue Reading at TheEconomicCollapseBlog.com…

Germany Will Not ‘Pour Money’ Into Greek Black Hole, Warns Angela Merkel Ally

Greek crisis: Athens must take steps to repay the IMF if the country is to unlock fresh cash, says Michael Fuchs, as he brands Sunday’s referendum a ‘stupid’ idea

by Szu Ping Chan, in Berlin
Telegraph.co.uk

Greece will not get any more cash from Europe until it takes steps to settle its arrears with the International Monetary Fund and presents a credible package of reforms, according to a senior German politician.

Michael Fuchs, a close ally of German Chancellor Angela Merkel and deputy chairman of the ruling CDU/CSU coalition, rejected Greece’s latest bail-out plea and said Germany would not “pour money” into a country that refused to change.

Mr Fuchs said the tone of negotations had been soured by the Greek government’s shock call for a referendum on creditor demands for a deal, branding it a “stupid” idea that had strained relations between the parties.

He said Syriza’s decision to campaign for “No” was “crazy” and showed the party was not “pro-Europe”.

Continue Reading at Telegraph.co.uk…

Vermont Producers Dumping Obscene Amounts of Milk

from RT America

Video Description…

There Are Now More Stock Traders in China Than Communist Party Members

from Bloomberg.com

Stock investors of the world unite! For the first time in modern China, you outnumber the Communists.

The nation’s $8.1 trillion equity market now has more than 90 million individual investors, according to China Securities Depository and Clearing Co. That compares with 87.8 million Communist Party members at the end of last year, the state-run Xinhua News Agency reported June 29, two days before the 94th anniversary of the party’s founding.

It’s safe to assume this is not what Mao Zedong envisioned when he led the Communists to power in 1949, and it presents tricky challenges for President Xi Jinping. A record number of Chinese citizens flocked to the stock market over the past year as the Shanghai Composite Index doubled. Now, that boom is at risk of turning into a bust after the benchmark tumbled more than 20 percent from its June 12 peak through Monday, leaving many retail investors bruised and undercutting the nation’s already sluggish economy.

Continue Reading at Bloomberg.com…

Greece’s Largest Industry Suddenly Takes a Terrible Hit

by Wolf Richter
Wolf Street

They’re all coming out of the woodwork, urging international audiences to come visit Greece. Today it was Greek Tourism Confederation President Andreas Andreadis who appeared on Bloomberg TV to explain in English that for tourists, “things are normal,” their “daily reality has not been affected,” they can access their accounts, use their credit cards, etc. They “don’t have issues at the moment,” he said, but suggested, “Obviously, come with some cash as well.”

Alternate Tourism Minister Elena Kountoura chimed in: “The tourists that are currently in Greece, as well as those that are going to come, will not be at the least affected by the latest developments and can continue to enjoy their vacations in Greece without the slightest problem.”

Continue Reading at WolfStreet.com…

Banks Close as Greeks Brace for Onslaught

As of press time, Greece was still insisting they would not make their scheduled 1.6 billion euro payment to the IMF. Assuming the payment does not go through, what will happen?

by James Corbett
The International Forecaster

Did the Greek people just stare into the abyss? Or is the abyss staring into the Greek people? For those who haven’t heard, Greece and the Eurozone just went through a hair raising weekend. The bailout talks came to an acrimonious end as the two sides fell apart on the issue of whether Greece should increase revenues by raising taxes or cutting spending.

[...] Tsipras wants the former, the Brussels Group wants the latter. And just like that, the EU was announcing it would not provide any more Emergency Liquidity Assistance to Greek banks and Syriza was taking the issue to the Greek people via a referendum. Then on Monday, it finally happened: the banks failed to open.

After an 8-hour deliberation on Sunday, Prime Minister Tsipris announced that the banks would remain closed until June 6th (the day after the referendum). The decree ordering the closure allows Greek bank account holders to withdraw no more than 60 euros per day from ATMs during the bank holiday. And with one fell swoop, all of those Greeks who were reported stuffing thousands of euros under their mattresses in the last few weeks were vindicated.

Continue Reading at TheInternationalForecaster.com…