I will never own jpm, as long as dimon is in charge.
and i'll never own a stock with a large contribution to either side.
Either way Bankters will have to print hundreds and hundreds of billions right out of thin air. Workers of the world are getting sick watching the Oligarchs weasel out of their responsibility to pay their bills with other than counterfeit confetti monopoly money while we must pay ours with blood sweat and tears.
MNGA lands major sale of its fuel as one of America’s largest transportation companies prepares to use MagneGas®. This is proof positive that MNGA is on its way UP.
Greece problem is simple Investment bankers hiding loans to Greece off the Books..
The global economy tanked and the Investment Bankers bundled these loans in CDO's and CDS of EU debt.
The problem stated with the Bankers and they are the ones that need to take a hit!!!
Make a search with the words " anti austerity party" using a search engine. You will find in Portugal, Irland, Greece and Spain. You will not find this party in other region of the world. You will not add a state if you don´t understand is problems.
To become a US state so we(US) can bail them out, as the Bankster get paid back 100c on these investments.
Jack Lew of the US Treasury is working on the Details..
Traders dig in and rush to cash in after MNGA sees RESI rise to 64. Could it go all the way to 80 RSI where it trades at $1.13?
Jamie is going to lay off even more this year to increase his paycheck and bonuses.
London Whale like losses - The Fed will take care of it.
Greece, creditors seek breakthrough as clock runs down
Greece and its lenders enter a decisive weekend of negotiations in a bid to agree on a package of cuts and reforms that would unlock another 7.2 billion euros and allow Athens to keep meeting its debt repayments.
Talks at the Brussels Group level continued Friday as Washington issued a fresh warning to all sides about the dangers of no consensus being reached soon. Speaking after the G7 meeting in Dresden, Germany, US Treasury Secretary Jack Lew warned that the chances of an “accident” are growing.
“If you look from January until now, too much time has been spent unproductively,” he said. “I think waiting until the day or two before whatever the deadline is, is just a way of courting an accident.”
Lew also emphasized that although Greece would have to take some tough decisions in the coming days, its lenders will also need to compromise so there can be an accord. “All parties need to move,” said the American official. “There needs to be some flexibility on the part of the institutions.”
The Greek government was warned on Thursday that it only had a few days to reach a deal otherwise there would not be enough time for eurozone parliaments to agree to the disbursal of new loans before the end of the month, when the current program extension ends.
Greece has to pay just under 300 million euros to the International Monetary Fund on June 5 and the government has sent mixed messages over whether it will be in a position to meet this commitment. If the payment is made, then Athens has to find another 1.3 billion euros during the course of next month to meet its obligations to the Washington-based organization. This has put extra pressure on Prime Minister Alexis Tsipras to ensure talks conclude successfully as quickly as possible.
If in the south of europe its easy to find anti - austerity partys, in the north there are no such partys. There are no political linkage between the north and south partys of europe. This could lead to two diferernts currencys to figth two diferentes problems.
Pablo Iglesias, leader of the anti-austerity party Podemos, admits that his relationship with Spain’s Socialists (PSOE) has changed and could enter a new phase in the coming weeks.
In a press conference on Thursday, Iglesias said he has observed “revealing gestures indicating that the relationship has changed” on the part of PSOE secretary general Pedro Sánchez.
“It is evident that now Pedro Sánchez is calling me, and before this he wasn’t calling me,” said Iglesias.
It is evident that now Pedro Sánchez is calling me, and before this he wasn’t calling me”
Podemos leader Pablo Iglesias
The pair spoke on Wednesday and set down the necessary bases for future talks, said Iglesias. Next week, both leaders will seek deals to create Socialist governments in as many municipalities and regions as possible, particularly in those where the PP secured narrow victories at Sunday’s elections.