Hard hitting global and local news
Continued here: German Finance Minister Proposes Greece for Puerto Rico Trade: Should US Accept the Offer?
View article: Chinese Stock Market Nosedive Continues; China Warns of Panic, Irrational Selling; Over Half of Companies Halted; Pent-Up Demand…
Finance minister (Mr. Varoufakis) said today that an IMF report showed the debt was unsustainable from the start and that financials wouldn’t get better even by 2030. I don’t know if the changes your friend proposes will be done
Anyone recall Roosevelt’s Executive Order 6102 outlawing gold? Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States"
Read More: Divided Greece; Eve of Referendum Polls Split; 20,000 Rally ‘No’ and 20,000 Rally ‘Yes’; Back Home From 17…
Link: Knife-Edge Greek Referendum; Voting Booths Closed; Four Polls Show ‘No’ in Slight Lead; Schäuble Campaigned For ‘No’
See more here: Greek Banks Down to Last €500 Million; Vote for Servitude Takes Slight Lead; IMF Says Greece Needs…
The Wall Street Journal reports Fed Signals Rate Hikes at a Gradual Pace The Federal Reserve signaled it was moving toward interest-rate increases later this year now that signs of a slowdown in economic activity are waning, but the path of rate increases could be less steep than officials anticipated. The last time the Fed made such projections, its consensus appeared to be building around two rate increases this year
Today we also learned the Syriza Left Demands ‘Icelandic’ Default as Defiance Stiffens .
More: Time Pressure Thesis; Let’s Play Ball; Greece 2-Year Bond Yield Hits 28.5%