As for Greece, everyday the dominoes keep tumbling as the political jockeying continues. ECB Prepares To Sacrifice Greek Banks With 50% Collateral Haircut. And this may just be the beginning of the haircuts. I wonder, like the Cyprus situation, how many insiders are being allowed to exit haircut free while the little people are left to hang.
"The European Central Bank is now demanding that the value of the collateral that Greek banks post at their own central bank to secure these loans be reduced by as much as 50 percent,"
On to the lie -
I'm struggling with the fact that every time a downturn has passed the 61% retracement they've managed to march price to new ATH's. Things are apparently (and finally) becoming a little more difficult for team manipulation. A disconnected Fed does not help matters. More bothersome is the geopolitical stage from Ukraine to Yemen to Israel to Jade Helm here at home.
SPX Daily - You will prolly see this chart a lot in the next few weeks. It's really all there is to it.
Freedom watch -
Surreal? You tell me if this does not help connect the dots (immigration/economy/destruction of middle class) of an America where it appears they are trying to turn this country into a third world nation with cheap labor and ignorant debt slaves that are capable of doing little more than support the corprotocracy. Common Core's real goal? 'Dumbing down people'.
"“As just one example of how bad these national ‘standards’ are, consider that both of the subject-matter experts selected by Common Core’s own architects for the Validation Committee refused to sign off on them,” Newman revealed. “The math expert cited, among other problems, incorrect math. The English Language Arts expert blasted the fact that the standards will reduce the ability of children to think for themselves.”
In addition to imposing questionable standards, Newman reports the Department of Education is collecting obscene amounts of data on every student in the country – even data such as the number of teeth a child has lost and the condition of his or her gums.
“The data-mining schemes exposed in the book would make George Orwell blush,”"
More to come below.
Have a good day.
GL and GB.