Euro zone’s debt is rising. Companies reporting in that sales and revenue are dropping. China has made a deal with Venezuela for oil and agricultural production. Portugal president says the bank is the tip of the iceberg, collapse is coming. Obamacare loses subsidies in 36 states. BRICS pumping in billions of non US dollars into Africa to build infrastructure. Central banker/US government false flag story collapsing, no proof, just believe us, it was Russia. Israel continuing the extermination of Palestinians. Russia moving military assets to protect the country from NATO. Leaked emails show Ukraine and US Government were planning a false flag.
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Current News – 07.22.2014
- Euro zone public debt rose to 93.9 percent of economic output in the first quarter of this year,
- Greece was the euro zone’s most indebted country with sovereign debt of 174.1 percent of GDP, followed by the bloc’s third-biggest economy Italy, with debt equivalent to 135.6 percent of GDP in the first quarter.
Crocs Inc – Plans to Close / Restructure up to 100 Stores
Wolverine Worldwide – 140 Stores – Most of the closures involve the Stride Rite brand.
- The theme park’s shares plunged as much as 9% after the company disclosed an attendance drop.
- The company blamed the shrinking crowds on “lingering effects of the long, harsh winter” that extended school calendars and shortened many spring breaks.
- Inflation on products, food, energy but no wage inflation. real hourly wage remain flat for the second month in a row at $10.29, the lowest level since September 2013, but posted the first annual decline since October 2012.
- Russia has added another 500,000 ounces of physical gold to their reserves.
- Total Russian gold reserves now stand at 35,200,000 ounces, which equals 921,35 tonnes.
- The Russian government’s legislative commission approved on Tuesday a draft law on ratifying the Eurasian Economic Union Treaty.
- The Eurasian Economic Union, which allows the free movement of goods, services, capital and workforce and is based on the Customs Union of Russia, Belarus and Kazakhstan, will become operational from January 1, 2015
- Chinese President Xi Jinping has signed a row of oil and mineral deals with Venezuela. The Chinese leader is on a four-country tour of Latin America aimed to increasing influence in the region.
- The 38 economic agreements are related to the production and development of Venezuelan oil and agriculture, as well as social and cultural expansion, says the BBC. The deals provides a credit line of $4 billion in return for Venezuelan oil and oil products, as well as allocating $691 million to explore Venezuela’s gold and copper reserves,
- China is the second-largest market for Venezuelan oil after the United States.
- , Portugal’s President warned on Monday that fallout from the financial troubles of the founding family of Banco Espirito Santo (BES) could affect the wider economy.
- *RIOFORTE SAYS IT SEEKS PROTECTION FROM CREDITORS
- *RIOFORTE SAYS FILING IS LINKED TO DIFFICULTIES AT ESI
- Bank of England officials led by Mark Carney, the Bank of England governor, are attempting to bridge sharp differences among leading G20 countries as they prepare a landmark set of proposals aimed at tackling the problem of “too big to fail” banks according to the Financial Times today.
- The issue is of major consequence to globally systemic lenders such as Citigroup, Barclays and BNP Paribas, as some will have to issue billions of dollars of fresh bonds earmarked to carry losses.
- The issue is of major consequence also to depositors who could see their savings confiscated as happened in Cyprus.
- The complexity of the topic and differences between countries’ legal regimes and corporate structures are raising questions over how detailed any framework will be.
- Japan is one of the countries with problems with bail-in plans amid concerns that they are not easily compatible with the structure of its banking system. Its banks are heavily deposit-funded, and officials are uncomfortable about the idea of bail-ins.
- China is also sceptical about the notion of private sector bail-ins given its banks are state-owned. “There are some very entrenched positions,” one official told the FT.
- Russia is likely to oppose the coming bail-in regime as well as many other large creditor nations.
- Russian President Vladimir Putin said on Tuesday the country needs to think of additional steps to protect its national economy and financial system, including protection from external factors such as political risks.
- The BRICS New Development Bank will address African continent’s infrastructure funding gap as the lack of infrastructure is preventing the development of intra-continental trade, South African Trade and Industry Rob Davies said on Monday during a radio interview on SAFM.
- “The lack of infrastructure is preventing our continent from moving up the value chain, so the New Development Bank can address the funding gap,” he said.
- The BRICS were also moving to denominating intra-BRICS trade in their respective currencies.
- “If you convert rand to US dollars and then to yuan there are costs involved, so if we convert rand directly into yuan that will reduce costs,” he said.
- Usage of the Chinese yuan as an international payments currency has soared by more than 400% since June 2011, according to the latest SWIFT currency tracker.
- federal appeals court has ruled that the federal government may not subsidize health insurance plans bought by people in states that decided not to set up their own marketplaces under Obamacare. The law clearly says that states are to set up the exchanges. But 34 states opted not to, and the federal government took over in those states. The court ruled that federal government may not pay subsidies for insurance plans in those states.
- the Affordable Care Act does not permit the IRS to distribute premium subsidies in the federal ObamaCare exchange, meaning those consumers must bear the full cost of their insurance.
- But… they said socialism is for the greater good!?
- The 2-1 decision by the three-judge panel in Halbig v. Burwell sets up a major legal showdown that conservatives believe could deal a fatal blow to President Obama’s healthcare law.
- EU foreign ministers failed to agree new sanctions against Russia at a Brussels meeting
- Dutch minister says EU imposing new sanctions on officials over Russia
- EU foreign ministers failed to agree new sanctions against Russia at a Brussels meeting on Tuesday and instead tasked their diplomats to explore possible wider-.
- Dutch minister says EU is imposing new sanctions on officials over Russia’s actions in Ukraine.
- The Germans remain the most anxious of the repurcussions…
- German Foreign Minister Frank-Walter Steinmeier said that while Berlin was still willing to talk with Russia, greater economic pressure was needed to make Moscow change course.
- “I say we remain open to defusing the situation with all political and diplomatic means but it will be necessary to accompany this willingness with higher pressure, which also means sharper measures,” he told reporters on arrival.
- And Britain the most aggressive…
- Britain’s new Foreign Secretary Philip Hammond said he would urge fellow ministers to “send a very clear and strong signal to Russia today”.
- Along with Lithuania…
- Lithuanian Foreign Minister Linas Linkevicius said it was “time to name names” and to put Ukraine’s breakaway republics of Luhansk and Donetsk on the EU’s list of terrorist organizations.
- * * *
- Dis-united States of Europe…
- The European Union is ready to ban new military contracts with Russia, “refusing to break the existing ones,”
- The Israeli military has been accused of using flechette shells during its offensive in Gaza, which can cause widespread harm and death to civilians. The weapons, though legal in Israel and internationally, have been slammed as inhumane by rights groups.
- The munitions are normally fired by tanks and contain thousands of small darts, which are released when the shell explodes in midair. The flechette shells are only four centimeters in length.
- A number of major US airlines say they are immediately suspending flights to and from Israel after a rocket attack near Ben-Gurion International Airport. US Airways, Delta are both grounding their planes.
- However, United Airlines has announced that it will be operating flights as usual.
- PUTIN: RUSSIA TO BOOST DEFENSE CAPABILITY AFTER NATO BUILDUP
- PUTIN: SAYS SEES INCREASE IN USE OF LANGUAGE OF “ULTIMATUMS AND SANCTIONS” TOWARD RUSSIA, CALLS FOR MORE DIALOGUE
- PUTIN SEES EFFORTS TO WEAKEN, DESTABILIZE RUSSIA
- PUTIN SAYS GOVT IN KIEV TOOK POWER USING UNCONSTITUTIONAL MEANS
- PUTIN URGES UKRAINE GOVT TO AGREE TO TRUCE, `HOWEVER BRIEF’
- PUTIN: RUSSIA CREATING ANEW MILITARY INFRASTRUCTURE IN CRIMEA
- PUTIN: U.S. MISSILE DEFENSE OFFENSIVE SYSTEM TARGETING RUSSIA
- PUTIN: RUSSIA NEEDS FURTHER SAFEGUARDS TO DEFEND ECONOMY
- PUTIN: RUSSIA TO USE CRIMEA AS IT BOOSTS DEFENSE CAPABILITY
- Russian President Vladimir Putin believes it is necessary to call on Kiev to observe the ceasefire, which should last while investigations into the MH17 crash are ongoing.
- Ukraine air force strikes 30km from plane crash site despite ban – reports
- Putin said that Ukrainian troops attacked self-defense units near Donetsk almost at the same time anti-government forces were handing over the black boxes from the MH17 crash to international experts.
- “Dutch forensics experts – accompanying the SMM – assessed the storage conditions of bodies on board the train at Torez railway station as good,” the report published on OSCE website Tuesday says. “At the main crash site, all bodies had been removed. The recovery process was assessed by the Dutch forensics experts as good.”
- Spokeswoman Angrily Refers Press to Social Media for ‘Proof’
- The Obama Administration continues to reiterate its narrative on what happened to Malaysia Airlines flight MH17 with more certainty (and often different details) every day, but there is a stark lack of evidence, beyond a handful of “authenticity could not be verified” images floating around on social media
- State Department spokeswoman Marie Harf referred the press to social media, while reiterating that there was totally better evidence out there that they just can’t see.
- When pressed on the array of theories on social media, and why the US is embracing just the one, Harf insisted that none of the other theories made any sense, because the State Department totally knows it was Russia’s fault.
- When pressed further on Russia’s denial, Harf turned visible hostile toward the press members at the briefing, angrily insisting that it was unfair for the media to even consider Russian statements that contradict the State Department, when everyone is supposed to know the US is more credible. When pressed further on that line of reasoning, Harf angrily barked “I’m not even dignifying that question with a response.”
- Which is right in the heart of separatist-held territory…
- We await the detailed presentation of exactly what this means (or what The White House believes it to mean) … or if it is simply a well drawn Powerpoint slide
- Now that the black boxes from flight MH-17 have been handed over by the Ukraine separatists to Malaysian authorities (somewhat denting the credibility of the fabricated Ukrainian YouTube clip in which the rebels were “instructed” by Moscow to hide the black boxes), there was one question: which impartial entity
- So the Dutch are incapable of analyzing black boxes on their own and needed London’s help? Curious.
- David Cameron said on Twitter that British experts at the Air Accidents Investigation Branch will retrieve data from the flight recorders for analysis, following a request from the Dutch government.
- Evidence, including intercepted emails from “Anonymous Ukraine” and interviews with US special operations contractors, has led to the discovery of plans to stage a series of terror attacks in the Ukraine to be blamed on Russian Special Forces.
- In a series of emails released on March 12, 2014, three in particular stand out. Implicated is Lt. Colonel Jason Kresh, Assistant Attaché at the US embassy in Kiev and Colonel Igor Protsyk, Chief, Bilateral Cooperation Division of the PKO General Staff, Armed Forces of the Ukraine.
- Emails outline a plan for a staged attack on a Ukrainian air facility including maps of which planes are to be damaged. Other operations are outlined as well.
- One thing is made clear; the attacks are to appear as though done by Russia. This is stated repeatedly.
- Events are moving rapidly in Crimea. Our friends in Washington expect more decisive actions from your network.
- I think it’s time to implement the plan
Kiev refuses to release air traffic control recordings. Ukrainian security services confiscated the tapes immediately after the incident. What do they have to hide if their version of events is true?