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German Minister Calls For ‘Plan B’: “Greece Should Pledge Gold, Real Estate For New Loans”

from ZeroHedge:

Bavaria’s 50-year-old finance minister Markus Soeder was previously named by German weekly Der Spiegel as one of the Ten Most Dangerous European Politicians (defined as “every politician who is resorting to cheap populism in order to rack up domestic political points”).

For the Greeks, this may well be true.

During the […]

There Are 66,719 Empty Mansions In Vancouver

from ZeroHedge:

One year ago, when we first started discussing the Vancouver housing bubble, which as we first speculated – and was later confirmed – was the result of Chinese oligarch money-launderers parking “hot cash” in this offshore housing market (at least until a 15% property tax on foreign purchases made Seattle the […]

Kremlin Warns Of Response To Latest US Sanctions, Says “Almost All Communication With US Is Frozen”

from ZeroHedge:

In response to the latest imposition of US sanctions on Russia, the Kremlin said on Wednesday that the new sanctions would further damage relations between the two countries and that Moscow would respond with its own measures. “We regret that Washington is continuing on this destructive path,” Kremlin spokesman Dmitry Peskov […]

Is Saudi Arabia Funding Extremist Islamist Groups In Germany?

from ZeroHedge:

A newly-leaked German intelligence report states Saudi Arabia, Kuwait and Qatar are funding extremist Islamic groups in Germany.

German Foreign Minister Frank-Walter Steinmeier (R) and his Saudi counterpart Adel al-Jubeir give a joint press conferenceat the Foreign Ministry in Berlin.

The German newspaper Süddeutsche Zeitung and Northern German public radio broadcaster […]

China Suffers Failed Treasury Bill Auction

from ZeroHedge:

One day after China’s regulator halted trading in bond futures for the first time ever, Beijing suffered another catalytic bond-market event overnight when it failed to sell all the Treasury Bills on auction Friday, for the first time in almost 18 months, as bids fell short of minimum requirements, according to traders […]

George Soros Is Funding Facebook’s “Third-Party Fact Checking” Organization Targeting “Fake News”

from ZeroHedge:

Behind almost every liberal crusade of the past several decades, from the blocking of voter ID laws to the Syrian refugee crisis, there has been one man quietly pulling the puppet strings from the background: George Soros. So imagine our complete shock when we discovered Soros to be the financing source behind […]

The ‘Soft Coup’ Builds: More ‘Electors’ Demand “Russian Interference” Briefing Before They Vote

from ZeroHedge:

Donald Trump could have the election legally stolen from him on either December 19th when the Electoral College casts their votes or on January 6th when a joint session of Congress gathers to count those votes. As The Economic Collapse blog’s Michael Snyder notes, the establishment is in full-blown panic mode at […]

Top US Spy Agency Refuses To Endorse CIA’s Russian Hacking Assessment Due To “Lack Of Evidence”

from ZeroHedge:

When the WaPo posted last Friday’s story about a “secret” CIA assessment that Russian cyber attacks were aimed at helping Republican President-elect Donald Trump win the 2016 election, the readers of the Bezos-owned publication took it as gospel, despite, as we promptly noted, there being no evidence provided by the CIA, and […]

India Confiscates Gold, Even Jewelry, In Raids On Hidden Money

by Mish Shedlock, via ZeroHedge:

Global financial repression picks up steam, led by India. After declaring large denomination notes illegal, India now targets gold.

It’s not just gold bars or bullion. The government has raided houses, no questions asked, confiscating jewelry.

For background to this article, please see my November 27 article Cash Chaos […]

Italian Government Prepares To Nationalize Monte Paschi

from ZeroHedge:

The wait is almost over.

After two previous taxpayer funded bailouts, and nearly five months of foreplay since the third largest Italian bank failed the latest European stress test at the end of July, in which the Italian government in September vow that “bailout for Italian banks has been ‘absolutely’ ruled out“, […]

WikiLeaks Documents Reveal Sinister Relations Between Erdogan And ISIS

from ZeroHedge:

Back in November 2015, when the world (or at least parts of it) was trying to answer one simple question: where does ISIS get its money, we first provided the answer in “Meet The Man Who Funds ISIS: Bilal Erdogan, The Son Of Turkey’s President.” Subsequent articles such as “ISIS Oil Trade […]

Did The Market Just Flash A Hindenburg Omen Warning?

from ZeroHedge:

Amid the slings and arrows of outrageous fortune in the stock, bond, and commodity markets this week, a few ‘rotten’ things began to emerge. With major indices diverging notably, new highs and new lows soaring, and breadth deteriorating, analysts noted the re-awakening of The Hindenburg Omen signal…

As John Hussman previously wrote, […]

After A “Run On The Pension Fund” Dallas Mayor Demands Halt Of Withdrawals

from ZeroHedge:

We’ve written several times over the past couple of months about the epic meltdown of the the Dallas Police and Firefighters Pension (DPFP) (see here, here and here for background). It all started when the Pension Board discovered that one of their real estate managers had been consistently overmarking illiquid real estate […]

Google Maps Briefly Renames Trump Tower To “Dump Tower”

from ZeroHedge:

On Saturday night, anyone seeking to find the Trump Tower on Fifth Avenue in New York was met with an unexpected result: the Trump residence and transition campaign HQ was briefly renamed “Dump Tower” on Google Maps. The unofficial new name didn’t last too long, however, with the president-elect’s transition headquarters completely […]

India’s Modi Admits Plan Shifting Nation To “Cashless Society”

from ZeroHedge:

Well who could have seen this coming? Just as we noted, the slippery slope towards full government control in a cash-less society is where Indian PM Modi is heading following his chaos-creating demonetization efforts of the last two weeks. While massive opposition protests are planned tomorrow, Modi remains indignant, as Reuters reports, […]

Trump Bypasses Media With Direct YouTube/Twitter Distribution As Feud With Mainstream Outlets Rages

from ZeroHedge:

For the past year and a half the Trump team has played the mainstream media like a fiddle. During the republican primary, he was granted millions of dollars of free air time as the unwitting mainstream outlets thought they were boosting one of Hillary’s chosen “pied piper” candidates that could be easily […]

Cash Crackdown Escalates: India May Impose 60% Tax On “Unaccounted” Deposits, Curbs On Gold Holdings

from ZeroHedge:

As reported yesterday, India’s unexpected crackdown on “black money” which saw the elimination of the old high denomination bills, is not going well, not only because former PM Manmohan Singh slammed the idea warning it would cut as much as 2% from the GDP of the world’s fastest growing economy, but because […]