Loading ...goldielocks @ 16:47
Deflation can be good for Gold, because deflation, and low rates, shows ineptness and or
mismanagement with the financial system.
Everything that is happening, is good for the people, and bad for TPTB. There is a global regime change trying to happen, for a long time now, and TPTB are weaving and bobbing, a day late and a dollar short.
P.S. the global “regime” because of money and greed, (big multi national business) went too far, holding middle class (tax payer) wages down, and avoiding US labor and taxes. It’s all real simple what’s going on. A classic catch 22. Time snuck up on them.
The dumb sucker politicians, to over ride outsourcing, simply created more and more tax absorbing occupations and let tax ABSORBER’S wages and benefits surpassing inflation. Like too many chiefs and not enough Indians. Note all the budget deficits, huge debt, and corporations sitting on piles of cash.
Greece in a microcosm, or “cancer” for TPTB.
Their past screw the Americans objective is in reverse. No longer in their best interests.
On a more somber note, is this moment in time any different than what the Patriots were facing almost 250 years ago?
They must have felt extremely exasperated. History rhymes.
To the end BG, to the end.
ipso will take us in at his cardboard box behind the Quikee Mart
MM
I’m not deserting. I’m in or I’m broke Whatever comes first.
Say, anyone notice Maya’s train pic going down mainstreet USA? It had the gold price plastered all over it…9998
Now I’ll let y’all bicker over the currency that would be in.
And BuyGold, straighten up soldier! Didn’t they teach you about the 30 years war?
Howaboot the 100 year FRB/treasury that wants to remove Andrew Jackson? It appears FB deserted the ranks, not you too.
Remember, “it’s for the children”. Them children are yours and your grandkids.
Ororeef – sorry
I really am, but for as long as I’ve been in these markets for the last twenty years, the markets look to fleece people that think logically, to try and go against the money masters is always a foolish bet. Look at the article I posted a little awhile ago. GREEK LEADERS DO NOT WANT TO LEAVE HE EU!! They are willing to sue to stay in. The money masters don’t want them in, they want them out, which means they have everything under control. The Euro rose today, that means there are no problems. Understand?
We’ve been snookered. The Chinese and the AIIB are the next thing to fool investors into thinking there will be a sea change to sound money. Not going to happen.
I’ve come to believe, all the big boyz are in on it. Russia, China, US, UK. All phony, The fiat regimes and One world order are now upon us.
Sorry for the rant, but gold told us everything we needed to know today.
Did you know ?
The average NET capital of European banks is 4%….their risk from Greece exceeds their net Capital !
If Greece goes out of the EU the European Banks are busted ….but..but they are too big to fail arent they ?….
R640
I actually think Segal is right. Greece is no big deal and I suspect the EU wants Greece out anyway. The markets have had what four years to absorb this and fix their derivative positions?
Gold is right back down again tonight. We live in the Matrix.
A lot of commentators-all day-like Jeremy Segal- have been saying greece is only 1.6% of the euro zone economically
and saying long term all will be ok…
But Arch Duke Ferdinand was the ruler of a minor country–and his assassination started WW One…incredible complacency so far in the U.S. and they have been right so far…is the wolf really at the door this time?
Floridagold and BG
Count me as one of the Headbangers. In fact … I think I have brain damage now … how else explain my having PM positions! 
Wait, what?
Greece Threatens ‘Unprecedented’ Injunction Against EU To Block Grexit
Submitted by Tyler Durden on 06/29/2015 – 18:07 
Having told the citizens of Greece that the European leaders will not kick them out of Europe because “the cost of throwing them out is too high, enormous,” it appears Greek PM Tspiras has another plan to ensure – no matter what the outcome of the forthcoming referendum – that there is no actual Grexit. As The Telegraph reports, Greece has threatened to seek a court injunction against the EU institutions, saying “we are taking advice and will certainly consider an injunction at the European Court of Justice. The EU treaties make no provision for euro exit and we refuse to accept it. Our membership is not negotiable.“
Floridagold @ 17:36
It’s my new diet plan!
Ipso, R640
Yeah it was, even with the Greek crisis, the USD down, etc. we still can’t catch a decent bid.
Seems like 10 years ago at least gold reacted to what should have been positive news, but anymore nothing is positive. God forbid the shares ever catch a bid for any reason.
R640 – you’re right about the malaise. The only thing that would surprise me would be if we actually had a big sustained move higher.
The criminals completely own us.
Scary …. No soup for you!
Greek Supermarkets Begin To Resemble Those Of Venezuela
http://www.zerohedge.com/news/2015-06-29/greek-supermarkets-begin-resemble-those-venezuela
Eldorado Gold says no impact on Greek operations from bank shutdown
http://finance.yahoo.com/news/eldorado-gold-says-no-impact-190202440.html
What a disappointing day this was. I am disgusted. The Liars and cheats are firmly in control.
Mr Copper
Seems like this Greece crisis is being seen as deflationary is what current reaction you see at the moment. Euro up gold down and dollar?
Richard 12:31
Looks like the funds mismanagers are up to no good again. Seems to me thats a breach of fiduciary duty to the share holders. So the greedy high yield holders he now wants to save want their cake and eat it to, and now run to the less riskier to absorb their losses for them. The game of musical chairs begins. Sounds criminal to me.
Richard640 @ 15:05
Me too, not trading for a long long time. Too many false breakouts. Very strange erratic market action. It seems like an all news and or auto electronic buying and selling. No real people involved.
The jerks that run everything are DREAMERS. Just like John Lenin said in Imagine…..You may think I’m a dreamer, but I’m not the only one.” Yes, him and TPTB that probably gave him the political words to build a hit song around.
Propaganda, decades of it. Catching up to them finally. It’s time to be happy. 🙂
Arrogance times infinity
OI in comex AG is @ 1 billion Oz…….despite all that is going on, they kept it down on the day !!!!!!!!
R640
Agreed we all have to have some extra skin in this one…..it surely is the end times for the EU thugs…..the UK has a vote coming up…in/out and when we see just how contemptuous/scared, they are of Democracy, that may well swing it, for the outs.
Phoenix Capital=2008 was A Crisis… what’s begun is THE Crisis.
The European banking system as a whole is leveraged at over 26 to 1. That’s the ENTIRE European Banking system leveraged at near Lehman levels (Lehman was 30 to 1 when it collapsed).
To put this into perspective, with a leverage level of 26 to 1, you only need a 4% drop in asset prices to wipe out ALL capital. What are the odds that European bank assets have fallen 4% in value in the last two years?
The European crisis is not over. And when the next round really hits, whether it be from Greece leaving the Euro or some other issue, both capital and border controls will be implemented.
Fast forward to today and the EU banking system is indeed imploding and capital controls are already underway with border controls to follow (once people start trying to smuggle physical cash across the border).
The real issue is just how much collateral will disappear when Greece goes bust. Because whatever happens in Greece will be used as a template for much larger problems AKA Spain and Italy.
Spain and Italy, by comparison, have €1.78 trillion and €1.87 trillion in external debt respectively.
That is a heck of a lot of collateral that would be in BIG trouble in the event of a bond crash for either country.
The next round of the great crisis is approaching. 2008 was A Crisis… what’s begun is THE Crisis.
http://www.zerohedge.com/news/2015-06-29/next-round-great-crisis-has-just-begun