The Thoroughfare of Modern Day Essentials - Same As It Ever Was

Rustin R. Leathers blogs your Health, News, Forex, Beer, Wine, Whiskey, Water, Premium Cigars, Bitcoin and much more..

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form
Recent blog posts

The possibility of Greece exiting the eurozone is looking more likely, amid continued vows from new Greek Prime Minister Alexis Tsipras to scale back austerity measures the country previously agreed to in exchange for a bailout package. This leaves investors wondering if Greece will honor its financial commitments. The Street's Scott Gamm speaks with Michael James, managing director of equity trading at Wedbush Securities to discuss the implications of a Grexit from the eurozone, along with why the volatility seen in U.S. markets so far in 2015 is expected to continue.

Here is how UBS believes a Greek Eurozone contagion will play out:

The contagion risk of a euro exit reflects the fact that there is a meaningful risk that other countries would join Greece in leaving the euro. The euro is patently not an optimal currency union at the moment, which gives economic momentum to the idea of a broader fragmentation.

Whether other countries leave the euro is contingent on two questions with binary outcomes:

  •     Do bank depositors think that their country could leave the euro?
  •     Does the euro area guarantee the integrity of the banking system?

A "double lock" is required to prevent contagion. An assurance that bank deposits are guaranteed by the ECB is completely worthless if the general public believe that the country is going to leave the Euro. If one believes that one's country may leave the euro, then what the ECB does or does not do will no longer apply within one's country,and so it is rational to withdraw one's money sooner rather than later. The parallel here is to the Czech and Slovak monetary union break-up in 1993; the governments both assured the public that the monetary union would stay and their savings were safe, but the public did not regard these statements as credible and so removed their savings from banks. The process became self-fulfilling as the extent of deposit flight contributed to the governments being forced to break their promises and end the monetary union.

Read more:  Zerohedge.com

Hits: 1293
0
Continue reading 0 Comments

Jim Willie: Swiss De-peg Triggers Massive Derivative Crisis, Potential END OF THE EURO!

Jim Willie says it best with his analogy of the US Dollar acting as a rocket.

Read More:  Silver Doctors

Hits: 865
0
Continue reading 0 Comments

Rory Hall
Activist Post

The Swiss National Bank (SNB) sent shock waves through the financial markets on January 15, 2015, when they announced the Swiss Franc would no longer be pegged to the Euro.

The shock grew in intensity when they further announced, not only would they continue with the NIRP (Negative Interest Rate Policy) but they were in fact going to steal even more currency from savers by dropping their negative interest rate from -0.25 to -0.75. Which of course means that if you had the equivalent of $100,000 in the SNB this morning, this afternoon you would have lost $750–in one day!

Read more:  Activist Post

Hits: 616
0
Continue reading 0 Comments

KEEP THE CLUBS SWINGIN’ #Obeezy

Posted by on in Gophers

I COULD BEAT THIS HACK OBEEZY WITH A BROOM...

See more: http://www.infowars.com/music-video-keep-the-clubs-swingin-featuring-obama/

Hits: 723
0
Continue reading 0 Comments

Document: Army Preparing to Use Lethal Force Against “Unarmed Civilians” During “Full Scale Riots” in U.S.

by Paul Joseph Watson | August 18, 2014

On Nov 7, 2013 Paul Joseph Watson and David Knight expose possible plans for civil unrest in America on The Alex Jones Show.

Flip-flop: While admitting equipment and armed guards are for "civil disturbances," federal agency claims otherwise.

Training manual outlines "sniper response" during crowd control operations

The 132-page document, titled U.S. Army Techniques Publication 3-39.33: Civil Disturbances (PDF), was written in April 2014 and recently obtained by Public Intelligence.

The document makes it clear that the techniques detailed therein are to be applied both outside and inside the “continental United States (CONUS)” in the event of “unruly and violent crowds” where it is “necessary to quell riots and restore public order.”

Read more:  Infowars.com

Hits: 861
0
Continue reading 0 Comments