Europe Delays Greek Decision Until July, QE3 Or Operation Twist?, Euro To Break Up By 2015, The $1 Billion Fed Buyout Clause, The Bond Vigilante, Rare Earth Metal Prices Go Parabolic, Homeless Man Learns He's Rich (15 LINKS)

• Euro ministers delay Greek loan decision until July
• Ohio Judge Found Guilty of Rigging Foreclosure Corruption Case
• America's lost decade - Clive Crook FT
• Life inside Greece's Syntagma Square
• QE3 or Operation Twist?
• Euro to go up in smoke by 2015
• Bitcoin market hacked again Sunday, crashes to below $0.01 per bitcoin
• $1 Billion Buy-Out Clause - For The Federal Reserve
• Reuters Analysis: High-frequency trade fires up commodities
• Ron Paul Wins Republican Leadership Council Presidential Straw Poll
• The catastrophe isn't default, it's "extend and pretend" - Charles Hugh Smith
• The Bank Regulator Down The Hall - WSJ
• The New York Fed’s Top Embeds - Dealbook
• Greek Default Means ‘Havoc’ for European Banks a Year After Bailout - Bloomberg
• The Bond Vigilante - WHY THE MAN WHO RUNS THE WORLD'S LARGEST MUTUAL FUND SOLD ALL HIS TREASURY BONDS
• Rare earth prices go parabolic as China corners the market - FT
• Homeless Man Max Melitzer Learns He's Very Rich

Comments

[DailyBail]

Greek finance minister urges passage of austerity

http://www.marketwatch.com/story/greek-finance-minister-urges-passage-of-austerity-2011-06-20

[DailyBail]

European stocks falter on Greece worries

Banks drop across the region; Italian stocks fall on downgrade fears

http://www.marketwatch.com/story/european-stocks-falter-on-greece-worries-2011-06-20

[DailyBail]

Afghan finance minister blasts IMF for stopping needed $70M payment amid banking crisis

http://finance.yahoo.com/news/Afghan-minister-blasts-IMF-on-apf-3244714813.html?x=0&.v=1

[DailyBail]

Wal-Mart wins Supreme Court sex-bias case ruling

http://finance.yahoo.com/news/WalMart-wins-Supreme-Court-rb-2205198065.html;_ylt=As1D502VI4oafqoZRtL85rDeba9_;_ylu=X3oDMTE2a2lyb3NxBHBvcwMxBHNlYwN0b3Atc3RvcmllcwRzbGsDd2FsLW1hcnR3aW5z?x=0

[DailyBail]

Oil falls to below $92 amid stronger US dollar

http://finance.yahoo.com/news/Oil-falls-to-below-92-amid-apf-3099995927.html?x=0

[DailyBail]

Bailed out RBS shuts three care homes to save £1.3m... but boss who earns FIVE times as much won't take pay cut

Read more: http://www.dailymail.co.uk/news/article-2005368/RBS-shuts-care-homes-save-1-3m--boss-earns-FIVE-times-wont-pay-cut.html#ixzz1PpdEhOPN

[DailyBail]

Hiding The Decline In Sea Level

When warmists don’t like data, they simply throw it out – or hide it best they can. A great example is the Aviso “multi-mission” sea level graph, which purports to support the idea that sea level is rising almost 3 mm/year.

http://stevengoddard.wordpress.com/2011/06/19/hiding-the-decline-in-sea-level/

[DailyBail]

Sun's Output to Fall ... Leading to a Mini Ice Age?

http://www.washingtonsblog.com/2011/06/suns-output-to-fall-leading-to-mini-ice.html

[DailyBail]

Record Food Prices Linked to Biofuels

http://www.technologyreview.com/printer_friendly_article.aspx?id=37848

[DailyBail]

Kmart Shoplifter Commits Suicide After Being Caught By Loss Prevention

http://whatreallyhappened.com/comment/reply/120804

[DailyBail]

The Chinese Government Is Buying Up Economic Assets And Huge Tracts Of Land All Over The United States

http://www.activistpost.com/2011/06/chinese-government-is-buying-up.html

[john]

Banks tap fund to repay TARP
US program has fewer restrictions; critics call switch another bailout

http://www.boston.com/business/articles/2011/06/20/small_banks_turn_to_us_fund_to_repay_tarp_aid/?p1=News_links

[snip]

Hundreds of small banks that received US aid after the financial crisis appear to have found a creative way to repay the funds: obtain money from a different government program.

[john]

Supreme Court Rejects Environmentalists' Suit Demanding Power Plant Emissions Cuts

http://www.foxnews.com/politics/2011/06/20/supreme-court-rejects-environmentalists-suit-demanding-power-plant-emissions/

[snip]

In the most significant global warming case to reach its front doors, the Supreme Court on Monday blocked a major lawsuit brought by states and environmental groups against five large power companies they accused of creating a public nuisance because of carbon dioxide emissions...

.... The Clean Air Act "provides a means to seek limits on emissions of carbon dioxide from domestic power plants -- the same relief the plaintiffs seek by invoking federal common law. We see no room for a parallel track," reads the order written by Justice Ruth Bader Ginsburg.

[john]

Supreme Court: individuals may challenge federal law for violating states' rights

http://jurist.org/paperchase/2011/06/supreme-court-individual-may-challenge-federal-law-for-violating-states-rights.php

[snip]

The court said:

to argue that the National Government has interfered with state sovereignty in violation of the Tenth Amendment is to assert the legal rights and interests of States and States alone. That, however, is not so. ... Bond seeks to vindicate her own constitutional interests. The individual, in a proper case, can assert injury from governmental action taken in excess of the authority that federalism defines. Her rights in this regard do not belong to a State.

[john]

Committee on Science, Space, and Technology sends IPCC a strong letter on their conflict of interest debacle

http://wattsupwiththat.com/2011/06/20/committee-on-science-space-and-technology-sends-ipcc-a-letter-on-their-conflict-of-interest-debacle/

[snip]

The plot thickens. Some parts of this letter are strongly worded. It is clear that there’s not much tolerance for the latest set of shenanigans from Pachauri.

[S. Gompers]

"The Chinese Government Is Buying Up Economic Assets And Huge Tracts Of Land All Over The United States"

They are doing this globally with oil, mineral, agricultural, etc., "investment". On the African continent, many of the riots are due to food prices and shortages as the people who live there watch the bulk of their food get exported back to The Countries who are rapidly buying up all the arable soil they can get their hands on.

Soon Americans who grew up in the land of plenty will know hunger as they watch the wealth of our nation leave our shores to be used to feed or make rich others.

The dull ache between your ears will go away as soon as we all resume watching Dancing with the Stars...

[john]

U.S. military's need for biofuels could build new market

http://www.mcclatchydc.com/2011/06/20/116146/us-military-ready-to-buy-affordable.html

[snip]


The main thing the Navy brings is a market, Mabus said. But the price, he added, "is going to have to be pretty competitive with fossil fuels."

The cost of biofuels now is about $35 a gallon, 10 times the cost of conventional jet fuel.

[john]

A New Perimeter to Expand NAFTA?

http://www.fpif.org/articles/a_new_perimeter_to_expand_nafta

[snip]

The continentalists are out of the cupboard: The United States and Canada are taking another crack at North American integration, this time without Mexico. Civil servants are dusting off their policy playbooks, business lobbyists are flexing their muscles, and politicians are sexing up their communications strategies. Their opponents, activists fighting for a new economic model, are preparing a counteroffensive that we hope will succeed — again.

[S. Gompers]

Just remember John, there is no such thing as people pushing for a plan for a North American Union. It is all just a conspiracy theory...

[Wil Martindale]

A conspiracy theory that could include a currency NOT pegged to gold, but freely valued against it on a real-time basis (to keep it honest) such that gold flows OUT of countries who mismanage their currencies, and INTO countries which keep it honest.

At least THAT part of the proposed Amero central bank balance sheet is a good thing, Gomp. The dollar central bank? Bye bye Fed, you're politically DEAD.

But ... global corporatism through regional consolidation under some Obamanite big brother global governance, in league with the manufacturer of the only toilet paper we'll be allowed to wipe our asses with, and cameras in the crapper watching us deposit the used ass paper into pre-labeled envelopes going to a central health prevention unit who will analyze your crap-wipes and print out a peventive dietary mandate for you to follow (through their chosen global agri-business PPP) all for the greater "good of the whole" ... is NOT.

[S. Gompers]

Yes Wil, but I don't like the other aspects of the NAU. We give up way more than we gain as a nation (that is the point). I personally would like to see a dollar tied to a basket of commodities such as silver, copper, etc.. It would fulfill a couple of goals, it would allow more dollars verses a gold only backing, and it would obviously remove from the table selling our mines, etc., to foreigners because that would remove those resources from the table of expanding the currency. As global demand continues to climb, the resources we have are becoming more inflated. The question to ask is do we see that trend subject to change. Meanwhile while we continue the bankers socialized paradise, China is slowly buying up resources globally. Which horse do we think is going to win this race of long term currency valuation?

I am also not necessarily against a fractional currency as long as it is fixed, and not loaned into existence from a private entity to our government thus ensuring the shackles of usury before it is ever put to a use.

America will never be able to borrow her way to prosperity, and selling our assets only speeds up our decline.

I won't be participating in any central health prevention unit schemes either. I grow my own food. Screw the global agri-business, I will leave that to the slaves... I will send them chicken shit, that oughta keep them busy for a while, and then I would send them deer shit, etc., just to keep their pea brains rolling, LOL.

It is all just a rough thought though, many of you are way smarter than this simple plowboy. I'm not really that smart, but I can lift heavy things...

I still believe in America, maybe that makes me a sentimental fool.

[Wil Martindale]

Interesting thoughts Gomp. They say "time reveals all".

But Globama's gonna googlemap your alimentary canal in the name of socialized healthcare COST mitigation, and if they find a little node to snip that looks "suspicious" and you don't report to the central office of asshoile inspection right away, your rectum is gonna be featured on milk cartons in your neighborhood, and your name will go on that list of "health offenders" being e-mailed to your local elected officials.

And when that flashing red light starts blinking at your front doorway, who knows ... your very neighbors may be knocking on the door, from Neighborhood ASSWATCH, (pleading for you to relax your sphincter and allow the intrusion - less THEY be FORCED to subsidize the greater cost, and the greater harm, of your personal choice to squeeze tight and hold fast.

I believe in what America used to be, and even what it could be, but America today? I've never seen or dreamt anything like it in all my years.