Greece can now seize bank deposits without notifying the account holder.Inflation is now hitting the US and salaries are deflating. Real Estate is completely collapsing, new housing has declined once again. Federal Reserve is now putting an exit fee on bonds, exit fees would seek to discourage retail investors from withdrawing funds during a bond dump. New poll says Americans do not want to invade Iraq again. The Iraq conflict is spreading and the Sunni’s are pushing the popular uprising. Maliki is losing control of the situation and the central bankers/US Government are pushing the agenda to push into Syria via Iraq. Be prepared for an event.
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Current News – 06.17.2014
- The Greek state and insurance funds have the right to seize bank account deposits for debts owed to it without informing the account holder, the country’s supreme administrative court ruled on Monday.
- In an irrevocable decision that overturns earlier rulings, the Council of State said that informing account holders of the intention to seize deposits would defeat the purpose.
- “Were the (account) owner notified of the measure, he would rush to withdraw the funds from the third party (the bank)” or he or she “would transfer his assets to another party”, it said.
- food index rose 0.5% in May after increasing 0.4% in each of the three previous months; and the index for food at home increased 0.7%, its largest increase since July 2011. This is all happening against a backdrop of real hourly wages dropping 0.1% YoY.
- real average hourly earnings just posted their third sequential decline in a row, dropping from $10.33 in February, to $10.32 in March, to $10.30 in April, to $10.28 in May. Furthermore, this was the first year over year decline since October 2012.
- WASHINGTON (AP) — The pace of U.S home construction slipped in May with many Americans still struggling to afford new houses.
- The Commerce Department says builders started work at a seasonally adjusted annual rate on 1.01 million homes. That was down 6.5 percent from 1.07 million in April.
- Construction firms began work on fewer single-family houses, condominiums and apartments last month.
- The Financial Times is reporting that:
- Federal Reserve officials have discussed whether regulators should impose exit fees on bond funds to avert a potential run by investors,
- Officials are concerned that bond funds are becoming “shadow banks”, because investors can withdraw their money on demand, even though the assets held by the funds can be hard to sell in a crisis. Exit fees would seek to discourage retail investors from withdrawing funds, thereby making their claims less liquid and making a fire sale of the assets more unlikely.
- The Southern Poverty Law Center estimates there are 300,000 so-called sovereign citizens in the U.S. and that number may be growing in Nevada.
- The FBI says sovereign-citizen extremists are part of a domestic terrorist movement. In
- The SPLC says the sovereign citizen movement has been growing for six years, and because of the Bundy ranch protest in April, Nevada has attracted larger numbers of anti-government extremists.
- The explosion on the Urengoy-Pomary-Uzhgorod gas pipeline in the Poltava region was caused by a loss of pressure, a spokeswoman for the regional office of the State Emergency Situations Service, Svetlana Rybalko, told Interfax on Tuesday.
- Specialists have found that a loss of pressure occurred, she said. “At this moment, the main gas authority is doing the repair work to discontinue gas supplies by way of closing the caps,” might have been the result of a sabotage attack. “The area covered by the fire is reaching one kilometer. The preliminary theory is sabotage,” the source said.
- A US guided-missile destroyer arrived on Monday at the Spanish naval port of Rota amid escalating tensions with Russia over the recent crisis in Ukraine.
- Joining USS Donald Cook which has been at the Naval Station Rota in Spain since February, the guided-missile destroyer USS Ross is the second of four Arleigh Burke-class destroyers to be deployed to the station.
- The four US Navy destroyers are considered to be the cornerstone of NATO’s European missile system. Moscow has said that it considers the system to be a direct threat to its security.
- A survey conducted by Public Policy Polling found that 74 percent of the public is opposed to deploying combat troops back into Iraq.
- VPNs allow the user to appear as if they are accessing the Internet from elsewhere. Banning them may be ineffective because tech-savvy users can usually find alternative means.
- The government has instructed mobile operators to block mobile data,
- Iraq has yet to allow 3G services and only basic websites and services are available over 2G.
- In just three days, the army had simply folded as first the jihadist insurgents and then the Kurds rode into town. Its soldiers returned to their homes and its weapons were carted away
- The army’s collapse signalled a sudden and dramatic shift in the balance of power between Kurds, Sunnis and Shia. T
- the reality that the Kurds had long ago lost faith in the prime minister Nouri al-Maliki’s ability to serve either their interests or those of Iraq.
- Maliki, a member of Iraq’s Shiite majority, has been accused of repressing the Sunni Arab minority, including politicians and protesters.
- “Shiite soldiers felt that they were too far away from home, had not been home for a while, and were dying on a daily basis for a city that they felt very little attachment to,” he said.
- In Sunni-dominated Mosul, those tensions meant some Shiite troops felt it was not worth trying to tackle the militants, Kamel said.
- “It’s not an environment in which the soldiers were necessarily eager to fight. The local community didn’t welcome the army.
This time the shia-led government of Nouri al Maliki has been challenged by a Sunni uprising, also involving militants from Islamic State of Iraq and the Levant (ISIL) – a jihadist group affiliated to Al-Qaeda
- Prime Minister –Maliki requested that the United States “provide Iraq with the ability to operate drones” according to the New York Times. However, Maliki also reassured that if the US
- After taking control of the northern Iraqi town of Baiji, ISIS Islamists were reported closing in on its refinery, causing the evacuation of foreign staff and shutting down the production of some 300,000 barrels of oil per day, much of it for local consumption, including for the capital, Baghdad.
- Secretary of State John Kerry predicted Monday that Sunni militants in Iraq do not have the ability to overrun Baghdad.
- officials are trumpeting a counter-offensive, though successes have been limited so far.
- The army was “rapidly trained, only some of them have been brought into combat and there was a very erratic structure because when the US left it had planned to be there… for another two years.”
- He also cited corruption throughout the army, from recruits buying jobs and paying for promotions, to Prime Minister Nuri al-Maliki appointing senior officers “loyal to him, regardless of competence.”
- Meanwhile, Shiite neighbourhoods of the capital have faced a relentless wave of bomb attacks by Sunni militants.
- Former U.S. Ambassador to Iraq Ryan Crocker said Tuesday, “Secretary Kerry, in my view, should be on a plane right now for Baghdad.”
- “Diplomacy is what is crucial right now,” Crocker advised. “We need to work with the Iraqis at the highest level. That would be Secretary Kerry, backed by the president, so that they can demonstrate the national unity, Kurdish, Sunni and Shia, that is going to be essential, if there is going to be any hope of turning back the ISIS threat.”
- will of the Iraqi people remains ignored.
- the US government—the prime cause of these problems to begin with—prepares to intervene however it chooses. President Obama has so far expressed his concern over Iraqi oil twice when talking about recent events. He has not shown any regard or concern for the fate of two million people
- We reject US intervention and protest President Obama’s inappropriate speech in which he expressed concern over oil and not over people. We also stand firmly against the brazen meddling of Iran.
- We reject Nouri al-Maliki’s sectarian and reactionary policies.
- We aim to stand with those who represent the interests of the people and to empower them in the face of this dangerous and reactionary attack. We call for a clear international position to curb the deteriorating situation as well as regional interference, and to support the people of Iraq.
- A former Qatari ambassador to the United States offered up a warning to the Obama administration Monday that any military intervention on behalf of the government of Iraqi Prime Minister Nouri al Maliki would be seen as an act of “war” on the entire community of Sunni Arabs.
- He also warned against the United States working with Iran to repulse the advance by the radical Sunni group the Islamic State of Iraq and Syria, something that Secretary of State John Kerry said Monday the United States would be willing to consider.
- “For the West or Iran or the two working together to fight beside Maliki against Sunni Arabs will be seen as another conspiracy against Sunni,” Khalifa tweeted.
- Khalifa’s comments via Twitter (@NasserIbnHamad) show the complicated calculations the Obama administration faces as it considers whether to come to Maliki’s aid while insurgents from ISIS consolidate their gains over much of northern and central Iraq and menace the Iraqi capital, Baghdad.
- Maliki’s Shiite Muslim government has angered Sunnis across the Arab world for being close to Shiite-ruled Iran and for what Sunnis describe as widespread mistreatment of their co-religionists in Iraq.
- He added, “We swiftly urge those concerned to pay attention to the demands of large segments of the population who only seek equality and participation, away from all forms of sectarian or denominational discrimination.”..
- US President Barack Obama has announced 275 US troops will be deployed to Iraq to provide security for the US Embassy in Baghdad as Sunni insurgents continue to test the nation’s security forces in its push closer to the capital.
- “This force is deploying for the purpose of protecting U.S. citizens and property, if necessary, and is equipped for combat,” Obama said in a letter sent to House and Senate leaders.“This force will remain in Iraq until the security situation becomes such that it is no longer needed.” These forces are combat ready.
- It seems like South Carolina Senator Lindsey Graham is suffering from serious case of Graham-nesia when it comes to his own position about Iran. His current position is explosively different than his previous view. He must have forgotten all about it. Thankfully, there is video to remind him.
- Appearing on CBS’s Face The Nation on Sunday, Graham said he wanted the U.S. to work with Iran in order to help stabilize Iraq.
- “We’re going to probably need to their help to hold Baghdad,” Graham said,
- Go back in time:
- Graham then explains that its not just stopping Iran from having a nuclear weapon, it’s about completely disarming Iran.
- “You have to neuter this regime. Destroy their air force, sink their navy. Go after the revolutionary guard and try and get the people in the country to overthrow this regime,” he said.
- Source: benswann.com
- Syrian and Iraqi terrorist forces obtained significant numbers of tanks, trucks, and U.S.-origin Humvees in recent military operations in Iraq and those arms are being shipped to al Qaeda rebels in Syria, according to U.S. officials.
- Exact numbers of captured arms and equipment are not known.
- One photo carried a caption in Arabic that read “Transferring the spoils to the Islamic State’s headquarters in the Al Hasakah province in northeastern Syria.
- Chemical weapons inspectors have information suggesting that chlorine gas-like chemical weapons have been used during the conflict in Syria, the international watchdog charged with destroying the country’s chemical arsenal said on Tuesday.
- “The information that was available to the fact-finding mission lends credence to the view that toxic chemicals – most likely pulmonary irritating agents, such as chlorine – have been used in Syria,” the body said in a statement.