JEWISH KING JESUS IS COMING AT THE RAPTURE FOR US IN THE CLOUDS-DON'T MISS IT FOR THE WORLD.THE BIBLE TAKEN LITERALLY- WHEN THE PLAIN SENSE MAKES GOOD SENSE-SEEK NO OTHER SENSE-LEST YOU END UP IN NONSENSE.GET SAVED NOW- CALL ON JESUS TODAY.THE ONLY SAVIOR OF THE WHOLE EARTH - NO OTHER.
1 COR 15:23-JESUS THE FIRST FRUITS-CHRISTIANS RAPTURED TO JESUS-FIRST FRUITS OF THE SPIRIT-23 But every man in his own order: Christ the firstfruits; afterward they that are Christ’s at his coming.ROMANS 8:23 And not only they, but ourselves also, which have the firstfruits of the Spirit, even we ourselves groan within ourselves, waiting for the adoption, to wit, the redemption of our body.(THE PRE-TRIB RAPTURE)
HOARDING OF GOLD AND SILVER
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
UPDATE-JULY 09,15-12:00AM
IMF 'ready to assist Greece-By EUOBSERVER-JULY 6,15
Today, 18:15-The IMF has taken note of yesterday’s referendum held in Greece. We are monitoring the situation closely and stand ready to assist Greece if requested to do so,” International Monetary Fund chief Christine Lagarde said in a statement ahead of the emergency Eurogroup and euro summit on Tuesday (7 July).
After 'no' vote, Greece tries to reopen bailout talks to get deal before banks collapse-The Canadian Press By Elena Becatoros, The Associated Press | The Canadian Press – july 6,15-yahoonews
ATHENS, Greece - Greece and its membership in Europe's joint currency faced an uncertain future Monday, with the country under pressure to restart bailout talks with creditors as soon as possible after Greeks resoundingly rejected the notion of more austerity in exchange for aid.With Greek banks running out of cash and facing the danger of collapse within days without new aid, the government in Athens is racing against the clock.In an effort to facilitate negotiations on a new aid program, Finance Minister Yanis Varoufakis, who had clashed with European officials in the bailout talks, announced his resignation Monday.But Greece and its creditors, who will meet again Tuesday to discuss how to keep the country in the euro, remain far apart on key issues, particularly the notion of debt relief.Prime Minister Alexis Tsipras and Chancellor Angela Merkel spoke on the phone Monday ahead of the Tuesday summit, though no details were disclosed of what they discussed.New negotiations will be complicated for the European creditors by Tsipras' triumph in Sunday's referendum. More than 61 per cent of Greeks backed his call to vote "no" to budget cuts the creditors had proposed in return for rescue loans the country needs — even though those proposals were no longer on the table.The vote was painted by opposition parties and many European officials as one on whether Greece should remain in Europe's joint currency. In the aftermath, many European leaders softened their tone and said talks would resume, though Greece's chance of staying in the euro was looking increasingly shaky.The country's banks remained shut on Monday for a sixth working day and the government kept tight limits on cash withdrawals at ATMs and money transfers to limit the drain on deposits.All eyes now turn to whether the European Central Bank will increase the amount of credit the banks can draw on to make up for the cash drain. Analysts expect the ECB to not provide more emergency assistance on Monday.That means the banks would not be able to reopen and Greece might have to tighten its limits on cash withdrawals and transfers from the current 60 euros ($67) per day. Some banks may even face the risk of collapse in coming days as they continue to be drained of banknotes.Greece's economy minister, Giorgos Stathakis, told the BBC that if the ECB keeps its support unchanged, the current cash withdrawals limits can stay in place until Friday without any banks collapsing.Facing such urgency, the Greek government has vowed to quickly restart negotiations with creditors in other eurozone countries and with the institutions that oversaw the country's bailout: the ECB, European Commission and International Monetary Fund.Varoufakis appeared to be the first casualty of the Greek government's attempt to reach a deal with creditors.With his brash style and fondness for frequent media appearances, Varoufakis had visibly annoyed many of the eurozone's finance ministers during the past months' debt negotiations.Varoufakis said in a statement he was told shortly after the referendum result that some other eurozone finance ministers and the country's other creditors would appreciate his not attending the ministers' meetings.The idea was one "that the Prime Minister judged to be potentially helpful to him in reaching an agreement. For this reason I am leaving the Ministry of Finance today," he said.As for his European negotiating colleagues, he said of them: "I shall wear the creditors' loathing with pride."A replacement was to be announced later Monday.With his high-stakes gamble to call a referendum with just a week's notice, Tsipras aimed to show creditors that Greeks, whose economy has been shattered and who face spiraling unemployment and poverty, have had enough and that the austerity prescribed isn't working.But everything hinges on European reaction.European officials appear to be split on a key demand by Greece to have the burden of its bailout loans be made more manageable.France's finance minister, Michel Sapin, indicated that discussing Greece's debt is not taboo, saying the country could not recover with its current obligations "in the months and years to come."Sapin also called for the ECB to maintain liquidity assistance to Greek banks.Germany, however, remains reluctant to discuss debt forgiveness.Finance Ministry spokesman Martin Jaeger said Germany's "position is well-known ... a debt cut is not an issue for us."More broadly, Chancellor Angela Merkel's spokesman said talks on a new bailout program for Greece would depend on what proposals Athens makes.Steffen Seibert said Germany respects the "clear 'no' vote" by Greeks against austerity measures."However, he added that "in view of Greek citizens' decision yesterday, the conditions are not there at present to enter negotiations on a new program." He said the "no" vote is a vote against the principle — still supported by Germany — that solidarity requires countries to make their own reform efforts.Besieged by a prolonged recession, high unemployment and banks dangerously low on capital, Greece defaulted on an IMF loan repayment last week, becoming the first developed nation to do so.Now some analysts wonder if Greece is so starved of cash that it could be forced to start issuing its own currency and become the first country to leave the 19-member eurozone, established in 1999.Tsipras was elected in January on promises to repeal the austerity demanded in return for its bailout and negotiations broke down late last month after dragging on unsuccessfully for five months.___Demetri Nellas and Menelaos Hadjicostis in Athens, Greece, Lori Hinnant in Paris, Raf Casert in Brussels and Geir Moulson in Berlin contributed.
How close is Greece to leaving the euro? A look at the country's options and what happens next-The Canadian PressBy David McHugh, The Associated Press | The Canadian Press – july 6,15-yahoonews
FRANKFURT - Greece is at the last chance saloon, thirsty and out of credit. Next stop could be the badlands of euro exit.Without a deal on more bailout loans, the heavily indebted country faces looming financial hurdles in the coming days.If it stumbles, it could leave the shared currency in a chaotic mess. A resounding "no" vote in a referendum Sunday on the tough conditions attached to more loans leaves Athens at odds with its main creditors — the other eurozone governments, led by Germany."Greece is in limbo and is sliding fast toward Grexit," said Berenberg Bank economist Holger Schmieding, using the shorthand for Greek exit.Here are questions and answers on what Greece faces next.___Q: What happens first? A: The politicians will try to re-start bailout talks — not easy, after Greek voters rejected the last formal offer from the creditors. Meanwhile, the creditors' resistance to softening terms remains high. There are concerns that rewarding Greek obstinacy will mean it and other indebted countries that need financial assistance will also resist spending cuts and economic reforms in the future.Greece, which overspent for years until its troubles became clear in 2009, has already been granted 240 billion euros in loans from the other eurozone countries. But the spending restraint demanded as a condition for the loans hurt economic growth, and reforms to make Greece more business-friendly have been slower than hoped.Chancellor Angela Merkel from Germany meets French President Francois Hollande on Monday evening. That's followed by a meeting of eurozone finance ministers on Tuesday, and a full summit of the leaders of the 19 euro countries that evening.After months of talks, the basic issues are well known, so the rejected deal, with tweaks, could serve as a basis for some kind of agreement.Greece's previous bailout line of credit expired June 30 before a deal could be reached to tap the last payout. So a new one will have to be negotiated. That could take time. Germany's parliament, for instance, would have to vote to approve a new negotiating mandate just to begin. And time is short.Schmieding said any new offer to Greece "will be at least as tough as the offer Greece rejected." That offer included painful increases in value-added tax paid at the point of sale by consumers, and reductions in state pensions.James Nixon, chief European economist at Oxford Economics, says there's "a narrow trajectory from here that sees an emboldened Greek parliament accepting the need for reform in return for a debt write-down.""The next 48 hours will be crucial." Q: What happens while we wait for talks to get started again? A: The most pressing question is the country's banks, which closed a week ago after the European Central Bank refused to let them tap more emergency credit. Banks needed the credit to replace deposits as Greeks pulled their savings out, fearing it would be lost in a bank collapse or changed into a new currency that is worth less.ATM withdrawals are limited to 60 euros ($66) a day to keep banks from collapsing. Suppliers are demanding business pay cash up front, making normal commerce impossible.The banks have barely enough money left to meet limited withdrawals. The ECB is to review the situation Monday, but likely won't turn the tap back on unless it is convinced Greek banks are solvent and it's not pouring taxpayer money into a black hole. The banks' health depends on the government's finances, since the banks hold government bonds and much of their capital consists of future tax breaks — money that vanishes if the government goes bankrupt.So the ECB may wait on the politicians to see if a bailout deal for the government takes shape. The bank's preference is for the politicians to come up with a solution.The ECB faces tough choices. It doesn't want to pull the plug on Greece. But it doesn't to pour in more money only to lose it.Schmieding says for now the ECB "will play a holding game." Q: And after that? A: Perhaps the biggest drop-dead date is July 20. That's the day Greece must pay 3.5 billion euros on a bond held by the European Central Bank. If it doesn't pay, the ECB could withdraw all the emergency credit, collapsing Greece's banking system.Many analysts think that would result in Greece leaving the euro.If the government defaults to the ECB itself, the thinking goes, it would be impossible to deny the government is bankrupt. And that could extend to the banks that are tied to it.In that case, the ECB could not only cap its credit, as it has done so far, but withdraw the existing 89 billion euros it has already extended to Greek banks. With the banks broke, the ECB's supervisory arm would likely order that they either be wound down or saved with new investment.Yet Greece doesn't have enough euros for a bank rescue. So, barring a deal with creditors to refloat the banks, it would have to print a new currency. Q: So they've got until July 20? A: Not necessarily. The government is running out of euros to pay its regular bills such as paychecks to government employees and pensions. If it starts handing them IOUs instead, that could be the first step toward a new currency. It would take months to actually print new money and get it into circulation.Meanwhile, every week the banks are closed the recession gets worse, tax revenues fall, and the amount of help Greece will need rises.If Grexit is to be avoided, the country needs some kind of a deal.And soon.
US stocks slip after Greeks reject terms of latest bailout package; European markets slide-The Canadian PressBy Bernard Condon And Pan Pylas, The Associated Press | The Canadian Press – JULY 6,15-YAHOONEWS
NEW YORK, N.Y. - U.S. stocks are edging lower after Greeks reject the terms of the country's latest bailout.European markets had bigger losses Monday, but not as bad as many were expecting.Many credited the moderate declines to the resignation of Greece's finance minister, who had clashed with his European counterparts.Energy stocks fell more than the rest of the market as the price of oil sank 5 per cent.The Dow Jones industrial average fell 45 points, or 0.3 per cent, to 17,685 as of 11:45 a.m. Eastern time.The Standard & Poor's 500 index gave up five points, or 0.2 per cent, to 2,071. The Nasdaq composite fell 14 points, or 0.3 per cent, to 4,994.Bond prices rose. The yield on the 10-year Treasury note fell to 2.29 per cent.
Tsipras gets cross-party backing before euro summit By Eric Maurice-EUOBSERVER-JULY 6,15
ATHENS, Today, 18:11-In the wake of a resounding No by Greek voters to the reforms asked by the EU and the International Monetary Fund, Alexis Tsipras rallied on Monday (6 July) the main Greek parties ahead of the next round of negotiations.The Greek PM agreed with German chancellor Angela Merkel that he would present a new proposal for an bailout agreement at the euro summit Tuesday evening (7 July).After a 6-hour long meeting with president Prokopis Pavlopoulos and party leaders, he obtained the backing of 4 parties from the left and right.Only the communist party refused to join what amounts to a national unity forced by the 60-percent vote in favor of the government's position at Sunday's referendum."The government assumes the responsibility of continuing the negotiations. And each political leader will contribute, respectively, within the framework of his/her institutional and political role," leaders from Pasok (socialists), ANEL (nationalists), To Potami (center) and New Democracy (right) said in a common statement.The meeting was preceded by the resignation of finance minister Yanis Varoufakis, who was replaced by Euclid Tsakalotos.A deputy minister for international economy, Tsakalotos was Tsipras' chief negotiator with the creditors.Varoufakis' resignation was seen as a sign that Tsipras wants to ease tensions with Greece's partners, as Varoufakis had become a antagonistic figure inside the Eurogroup."He was not the problem," the minister for administrative reforms George Katrougalos told EUobserver, adding that Greece's "partners will not be able anymore to say that we do not want a compromise."But despite a 60-percent win at the referendum and a backin from the main parties, the negative reactions of his partners and the worsening situation of the Greek banking system put him in an uncertain position."An agreement or Grexit', summarized center-right Kathimerini newspaper on Monday, while I Avgi, Syriza's newspaper welcomed the "60% against austerity"."We were expecting a tough initial reaction to the referendum result, but both side have an interest in finding a common ground," Katrougalos said."We believe that reason and Europe's democratic traditions will win over," Katrougalos said adding that "what is essential is an agreement with a debt relief".The emergency Eurogroup meeting and eurozone leaders summit on Tuesday will be crucial to see the ratio of power.Despite hardline positions expressed after the result of the referendum, "we can see the level of dissent" among Greece's creditors, Jens Bastian, an economical analyst for the Athens-Based MacroPolis website, told EUobserver."It will become even bigger," Bastian said, noting that French Finance minister Michel Sapin said his government was ready to consider a debt relief. "It is the first time a Eurogroup member takes the line of the International Monetary Fund," Bastian observed. In the meantime, the most pressing issue for the Greek government was the situation of the banks."Our immediate priority is to quickly restore our banking system’s functioning and our economic stability," Tsipras said Sunday after the referendum results."An increase of the liquidity is necessary, otherwise the economy is not viable," minister George Katrougalos said, calling the European Central Bank (ECB) to take an initiative.While the Greek central bank continues to ask for an increase of the ceiling of the Emergency Liquidity Assistance, some ECB governors plead for a decrease of the programme.As consequence, the ELA ceiling will probably remain unchanged as long as an agreement is not reached between Greece and its creditors. In any case, the deadline for the programme will be on 20 July when Greece has to repay €3.5 billion to the ECB.A Greek default on this payment would automatically put an end to the liquidity assistance."That is the real deadline to find an agreement," Jens Bastian said."The ECB took a political decision when it decided not to increase the ceiling and it will continue on the same political path," economist and Syriza MP Costas Lapavistas told this website."Greece is under enormous foreign pressure," Lapavistas said, "but the liquidity problem and the ECB repayment will force the issue."On Monday the government decided to extend for a few days the bank holiday first imposed until Tuesday.In Athens people continued to queue at ATM machines to withdraw their daily €60 allowance, even if the actual limit is €50 due to a shortage of €20 notes - when ATMs are not empty.After a week of capital control, the euros are still circulating. In shops and tavernas, tills are still well provided in coins and notes of every values and foreign tourists bring fresh cash in the circuit.Economy minister Giorgos Stathakis told the BBC that banks could collapse if no decision is taken in the next 48 hours."All banks are not at the same level," a EU source told EUobserver suggesting there were concerns about a possible collapse.But the source said there was no emergency."The money is there.""Some companies repatriated money from foreign accounts to Greek banks to pay their employees. And then the money goes to other banks," the source said."Money is under the beds" and will continue to circulate for a while event with no ELA increase, the source assured.But for many other business, who pay their employees or are paid by clients through processes that requires a bank deposit, the situation is getting more difficult each day.And at the cash machines, after a week of capital control, the crucial issue now is "the avaibility of real bank notes", Jens Bastian said.The Bank of Greece can only print €5 and €10 euro notes and would need an external supply of €20 and €50 notes."The issue is to bring into the country huge amounts of banks notes," as this was done in 2012 when planes brought cash from Italy, said Bastian, who was at the time a member of the EU Task Force for Greece."It would be surprising if they did not do it again," Bastian noted, adding that such a initiative would be within the ECB mandate."We will have to look at the Athens airport's activity."
ECB to decide on Greek funding Monday By Benjamin Fox-JULY 6,15-EUOBSERVER
BRUSSELS, Today, 09:34-The euro fell in early trading on Asian markets at the start of an expected period of market volatility in response to the Greek referendum result.Asian stocks hit a six month low, with the Japanese Nikkei index dropping by 2.4 percent. European stock markets are expected to fall by a similar level over the course of Monday’s trading.With eurozone politicians not meeting until Tuesday (7 July), attention will switch to Frankfurt, where the European Central Bank’s governing council will meet on Monday to decide its next move.The ECB’s decision last Sunday not to raise the ceiling of its emergency liquidity assistance (ELA) programme to Greek banks from €89 billion led to the introduction of limits on cash withdrawals.The Greek government faces its next big repayment on 20 July, when it must redeem €4.2 billion of ECB bonds. Failure to meet this payment would almost certainly result in the ECB halting its ELA programme, bankrupting the country’s banking sector.But without further financial support over the next two weeks there is little chance of its banks being able to survive that long. In the absence of the ECB pumping new money into the Greek system, market analysts believe that Greece would soon be forced to introduce a parallel currency.The ELA programme requires the ECB to deem that Greek banks are still solvent. However, after a week of capital controls, and no extra money coming into the system, the Greek banking sector is within days, or even hours, of running out of cash to stock its cash machines.“The ECB will not be the one pulling the trigger on Greece,” says ING chief economist Carsten Brzeski, adding that “as long as eurozone politicians will signal their willingness to negotiate with Athens, the ECB will maintan ELA at its current levels.”Meanwhile, in a note reacting to the referendum result, Barclays stated that it “would expect (the) ECB’s (governing council) to shut down ELA at the latest by 20 July”.Barclays estimates that Greek banks have around €28 billion of collateral that could be posted to the ECB in return for ELA funding.The market uncertainty is also expected to hit other southern Mediterranean countries, particularly the sovereign bond spreads of Italy and Spain, with investors expected to flock towards so-called safe haven bonds such as Germany and the US.Greek banks have faced a steady flight of capital since January. The ECB has pumped in around €120 billion - equivalent to over two thirds of the Greek economy- making it one of the institutions most exposed to a Greek default.
HOARDING OF GOLD AND SILVER
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
UPDATE-JULY 09,15-12:00AM
IMF 'ready to assist Greece-By EUOBSERVER-JULY 6,15
Today, 18:15-The IMF has taken note of yesterday’s referendum held in Greece. We are monitoring the situation closely and stand ready to assist Greece if requested to do so,” International Monetary Fund chief Christine Lagarde said in a statement ahead of the emergency Eurogroup and euro summit on Tuesday (7 July).
After 'no' vote, Greece tries to reopen bailout talks to get deal before banks collapse-The Canadian Press By Elena Becatoros, The Associated Press | The Canadian Press – july 6,15-yahoonews
ATHENS, Greece - Greece and its membership in Europe's joint currency faced an uncertain future Monday, with the country under pressure to restart bailout talks with creditors as soon as possible after Greeks resoundingly rejected the notion of more austerity in exchange for aid.With Greek banks running out of cash and facing the danger of collapse within days without new aid, the government in Athens is racing against the clock.In an effort to facilitate negotiations on a new aid program, Finance Minister Yanis Varoufakis, who had clashed with European officials in the bailout talks, announced his resignation Monday.But Greece and its creditors, who will meet again Tuesday to discuss how to keep the country in the euro, remain far apart on key issues, particularly the notion of debt relief.Prime Minister Alexis Tsipras and Chancellor Angela Merkel spoke on the phone Monday ahead of the Tuesday summit, though no details were disclosed of what they discussed.New negotiations will be complicated for the European creditors by Tsipras' triumph in Sunday's referendum. More than 61 per cent of Greeks backed his call to vote "no" to budget cuts the creditors had proposed in return for rescue loans the country needs — even though those proposals were no longer on the table.The vote was painted by opposition parties and many European officials as one on whether Greece should remain in Europe's joint currency. In the aftermath, many European leaders softened their tone and said talks would resume, though Greece's chance of staying in the euro was looking increasingly shaky.The country's banks remained shut on Monday for a sixth working day and the government kept tight limits on cash withdrawals at ATMs and money transfers to limit the drain on deposits.All eyes now turn to whether the European Central Bank will increase the amount of credit the banks can draw on to make up for the cash drain. Analysts expect the ECB to not provide more emergency assistance on Monday.That means the banks would not be able to reopen and Greece might have to tighten its limits on cash withdrawals and transfers from the current 60 euros ($67) per day. Some banks may even face the risk of collapse in coming days as they continue to be drained of banknotes.Greece's economy minister, Giorgos Stathakis, told the BBC that if the ECB keeps its support unchanged, the current cash withdrawals limits can stay in place until Friday without any banks collapsing.Facing such urgency, the Greek government has vowed to quickly restart negotiations with creditors in other eurozone countries and with the institutions that oversaw the country's bailout: the ECB, European Commission and International Monetary Fund.Varoufakis appeared to be the first casualty of the Greek government's attempt to reach a deal with creditors.With his brash style and fondness for frequent media appearances, Varoufakis had visibly annoyed many of the eurozone's finance ministers during the past months' debt negotiations.Varoufakis said in a statement he was told shortly after the referendum result that some other eurozone finance ministers and the country's other creditors would appreciate his not attending the ministers' meetings.The idea was one "that the Prime Minister judged to be potentially helpful to him in reaching an agreement. For this reason I am leaving the Ministry of Finance today," he said.As for his European negotiating colleagues, he said of them: "I shall wear the creditors' loathing with pride."A replacement was to be announced later Monday.With his high-stakes gamble to call a referendum with just a week's notice, Tsipras aimed to show creditors that Greeks, whose economy has been shattered and who face spiraling unemployment and poverty, have had enough and that the austerity prescribed isn't working.But everything hinges on European reaction.European officials appear to be split on a key demand by Greece to have the burden of its bailout loans be made more manageable.France's finance minister, Michel Sapin, indicated that discussing Greece's debt is not taboo, saying the country could not recover with its current obligations "in the months and years to come."Sapin also called for the ECB to maintain liquidity assistance to Greek banks.Germany, however, remains reluctant to discuss debt forgiveness.Finance Ministry spokesman Martin Jaeger said Germany's "position is well-known ... a debt cut is not an issue for us."More broadly, Chancellor Angela Merkel's spokesman said talks on a new bailout program for Greece would depend on what proposals Athens makes.Steffen Seibert said Germany respects the "clear 'no' vote" by Greeks against austerity measures."However, he added that "in view of Greek citizens' decision yesterday, the conditions are not there at present to enter negotiations on a new program." He said the "no" vote is a vote against the principle — still supported by Germany — that solidarity requires countries to make their own reform efforts.Besieged by a prolonged recession, high unemployment and banks dangerously low on capital, Greece defaulted on an IMF loan repayment last week, becoming the first developed nation to do so.Now some analysts wonder if Greece is so starved of cash that it could be forced to start issuing its own currency and become the first country to leave the 19-member eurozone, established in 1999.Tsipras was elected in January on promises to repeal the austerity demanded in return for its bailout and negotiations broke down late last month after dragging on unsuccessfully for five months.___Demetri Nellas and Menelaos Hadjicostis in Athens, Greece, Lori Hinnant in Paris, Raf Casert in Brussels and Geir Moulson in Berlin contributed.
How close is Greece to leaving the euro? A look at the country's options and what happens next-The Canadian PressBy David McHugh, The Associated Press | The Canadian Press – july 6,15-yahoonews
FRANKFURT - Greece is at the last chance saloon, thirsty and out of credit. Next stop could be the badlands of euro exit.Without a deal on more bailout loans, the heavily indebted country faces looming financial hurdles in the coming days.If it stumbles, it could leave the shared currency in a chaotic mess. A resounding "no" vote in a referendum Sunday on the tough conditions attached to more loans leaves Athens at odds with its main creditors — the other eurozone governments, led by Germany."Greece is in limbo and is sliding fast toward Grexit," said Berenberg Bank economist Holger Schmieding, using the shorthand for Greek exit.Here are questions and answers on what Greece faces next.___Q: What happens first? A: The politicians will try to re-start bailout talks — not easy, after Greek voters rejected the last formal offer from the creditors. Meanwhile, the creditors' resistance to softening terms remains high. There are concerns that rewarding Greek obstinacy will mean it and other indebted countries that need financial assistance will also resist spending cuts and economic reforms in the future.Greece, which overspent for years until its troubles became clear in 2009, has already been granted 240 billion euros in loans from the other eurozone countries. But the spending restraint demanded as a condition for the loans hurt economic growth, and reforms to make Greece more business-friendly have been slower than hoped.Chancellor Angela Merkel from Germany meets French President Francois Hollande on Monday evening. That's followed by a meeting of eurozone finance ministers on Tuesday, and a full summit of the leaders of the 19 euro countries that evening.After months of talks, the basic issues are well known, so the rejected deal, with tweaks, could serve as a basis for some kind of agreement.Greece's previous bailout line of credit expired June 30 before a deal could be reached to tap the last payout. So a new one will have to be negotiated. That could take time. Germany's parliament, for instance, would have to vote to approve a new negotiating mandate just to begin. And time is short.Schmieding said any new offer to Greece "will be at least as tough as the offer Greece rejected." That offer included painful increases in value-added tax paid at the point of sale by consumers, and reductions in state pensions.James Nixon, chief European economist at Oxford Economics, says there's "a narrow trajectory from here that sees an emboldened Greek parliament accepting the need for reform in return for a debt write-down.""The next 48 hours will be crucial." Q: What happens while we wait for talks to get started again? A: The most pressing question is the country's banks, which closed a week ago after the European Central Bank refused to let them tap more emergency credit. Banks needed the credit to replace deposits as Greeks pulled their savings out, fearing it would be lost in a bank collapse or changed into a new currency that is worth less.ATM withdrawals are limited to 60 euros ($66) a day to keep banks from collapsing. Suppliers are demanding business pay cash up front, making normal commerce impossible.The banks have barely enough money left to meet limited withdrawals. The ECB is to review the situation Monday, but likely won't turn the tap back on unless it is convinced Greek banks are solvent and it's not pouring taxpayer money into a black hole. The banks' health depends on the government's finances, since the banks hold government bonds and much of their capital consists of future tax breaks — money that vanishes if the government goes bankrupt.So the ECB may wait on the politicians to see if a bailout deal for the government takes shape. The bank's preference is for the politicians to come up with a solution.The ECB faces tough choices. It doesn't want to pull the plug on Greece. But it doesn't to pour in more money only to lose it.Schmieding says for now the ECB "will play a holding game." Q: And after that? A: Perhaps the biggest drop-dead date is July 20. That's the day Greece must pay 3.5 billion euros on a bond held by the European Central Bank. If it doesn't pay, the ECB could withdraw all the emergency credit, collapsing Greece's banking system.Many analysts think that would result in Greece leaving the euro.If the government defaults to the ECB itself, the thinking goes, it would be impossible to deny the government is bankrupt. And that could extend to the banks that are tied to it.In that case, the ECB could not only cap its credit, as it has done so far, but withdraw the existing 89 billion euros it has already extended to Greek banks. With the banks broke, the ECB's supervisory arm would likely order that they either be wound down or saved with new investment.Yet Greece doesn't have enough euros for a bank rescue. So, barring a deal with creditors to refloat the banks, it would have to print a new currency. Q: So they've got until July 20? A: Not necessarily. The government is running out of euros to pay its regular bills such as paychecks to government employees and pensions. If it starts handing them IOUs instead, that could be the first step toward a new currency. It would take months to actually print new money and get it into circulation.Meanwhile, every week the banks are closed the recession gets worse, tax revenues fall, and the amount of help Greece will need rises.If Grexit is to be avoided, the country needs some kind of a deal.And soon.
US stocks slip after Greeks reject terms of latest bailout package; European markets slide-The Canadian PressBy Bernard Condon And Pan Pylas, The Associated Press | The Canadian Press – JULY 6,15-YAHOONEWS
NEW YORK, N.Y. - U.S. stocks are edging lower after Greeks reject the terms of the country's latest bailout.European markets had bigger losses Monday, but not as bad as many were expecting.Many credited the moderate declines to the resignation of Greece's finance minister, who had clashed with his European counterparts.Energy stocks fell more than the rest of the market as the price of oil sank 5 per cent.The Dow Jones industrial average fell 45 points, or 0.3 per cent, to 17,685 as of 11:45 a.m. Eastern time.The Standard & Poor's 500 index gave up five points, or 0.2 per cent, to 2,071. The Nasdaq composite fell 14 points, or 0.3 per cent, to 4,994.Bond prices rose. The yield on the 10-year Treasury note fell to 2.29 per cent.
Tsipras gets cross-party backing before euro summit By Eric Maurice-EUOBSERVER-JULY 6,15
ATHENS, Today, 18:11-In the wake of a resounding No by Greek voters to the reforms asked by the EU and the International Monetary Fund, Alexis Tsipras rallied on Monday (6 July) the main Greek parties ahead of the next round of negotiations.The Greek PM agreed with German chancellor Angela Merkel that he would present a new proposal for an bailout agreement at the euro summit Tuesday evening (7 July).After a 6-hour long meeting with president Prokopis Pavlopoulos and party leaders, he obtained the backing of 4 parties from the left and right.Only the communist party refused to join what amounts to a national unity forced by the 60-percent vote in favor of the government's position at Sunday's referendum."The government assumes the responsibility of continuing the negotiations. And each political leader will contribute, respectively, within the framework of his/her institutional and political role," leaders from Pasok (socialists), ANEL (nationalists), To Potami (center) and New Democracy (right) said in a common statement.The meeting was preceded by the resignation of finance minister Yanis Varoufakis, who was replaced by Euclid Tsakalotos.A deputy minister for international economy, Tsakalotos was Tsipras' chief negotiator with the creditors.Varoufakis' resignation was seen as a sign that Tsipras wants to ease tensions with Greece's partners, as Varoufakis had become a antagonistic figure inside the Eurogroup."He was not the problem," the minister for administrative reforms George Katrougalos told EUobserver, adding that Greece's "partners will not be able anymore to say that we do not want a compromise."But despite a 60-percent win at the referendum and a backin from the main parties, the negative reactions of his partners and the worsening situation of the Greek banking system put him in an uncertain position."An agreement or Grexit', summarized center-right Kathimerini newspaper on Monday, while I Avgi, Syriza's newspaper welcomed the "60% against austerity"."We were expecting a tough initial reaction to the referendum result, but both side have an interest in finding a common ground," Katrougalos said."We believe that reason and Europe's democratic traditions will win over," Katrougalos said adding that "what is essential is an agreement with a debt relief".The emergency Eurogroup meeting and eurozone leaders summit on Tuesday will be crucial to see the ratio of power.Despite hardline positions expressed after the result of the referendum, "we can see the level of dissent" among Greece's creditors, Jens Bastian, an economical analyst for the Athens-Based MacroPolis website, told EUobserver."It will become even bigger," Bastian said, noting that French Finance minister Michel Sapin said his government was ready to consider a debt relief. "It is the first time a Eurogroup member takes the line of the International Monetary Fund," Bastian observed. In the meantime, the most pressing issue for the Greek government was the situation of the banks."Our immediate priority is to quickly restore our banking system’s functioning and our economic stability," Tsipras said Sunday after the referendum results."An increase of the liquidity is necessary, otherwise the economy is not viable," minister George Katrougalos said, calling the European Central Bank (ECB) to take an initiative.While the Greek central bank continues to ask for an increase of the ceiling of the Emergency Liquidity Assistance, some ECB governors plead for a decrease of the programme.As consequence, the ELA ceiling will probably remain unchanged as long as an agreement is not reached between Greece and its creditors. In any case, the deadline for the programme will be on 20 July when Greece has to repay €3.5 billion to the ECB.A Greek default on this payment would automatically put an end to the liquidity assistance."That is the real deadline to find an agreement," Jens Bastian said."The ECB took a political decision when it decided not to increase the ceiling and it will continue on the same political path," economist and Syriza MP Costas Lapavistas told this website."Greece is under enormous foreign pressure," Lapavistas said, "but the liquidity problem and the ECB repayment will force the issue."On Monday the government decided to extend for a few days the bank holiday first imposed until Tuesday.In Athens people continued to queue at ATM machines to withdraw their daily €60 allowance, even if the actual limit is €50 due to a shortage of €20 notes - when ATMs are not empty.After a week of capital control, the euros are still circulating. In shops and tavernas, tills are still well provided in coins and notes of every values and foreign tourists bring fresh cash in the circuit.Economy minister Giorgos Stathakis told the BBC that banks could collapse if no decision is taken in the next 48 hours."All banks are not at the same level," a EU source told EUobserver suggesting there were concerns about a possible collapse.But the source said there was no emergency."The money is there.""Some companies repatriated money from foreign accounts to Greek banks to pay their employees. And then the money goes to other banks," the source said."Money is under the beds" and will continue to circulate for a while event with no ELA increase, the source assured.But for many other business, who pay their employees or are paid by clients through processes that requires a bank deposit, the situation is getting more difficult each day.And at the cash machines, after a week of capital control, the crucial issue now is "the avaibility of real bank notes", Jens Bastian said.The Bank of Greece can only print €5 and €10 euro notes and would need an external supply of €20 and €50 notes."The issue is to bring into the country huge amounts of banks notes," as this was done in 2012 when planes brought cash from Italy, said Bastian, who was at the time a member of the EU Task Force for Greece."It would be surprising if they did not do it again," Bastian noted, adding that such a initiative would be within the ECB mandate."We will have to look at the Athens airport's activity."
ECB to decide on Greek funding Monday By Benjamin Fox-JULY 6,15-EUOBSERVER
BRUSSELS, Today, 09:34-The euro fell in early trading on Asian markets at the start of an expected period of market volatility in response to the Greek referendum result.Asian stocks hit a six month low, with the Japanese Nikkei index dropping by 2.4 percent. European stock markets are expected to fall by a similar level over the course of Monday’s trading.With eurozone politicians not meeting until Tuesday (7 July), attention will switch to Frankfurt, where the European Central Bank’s governing council will meet on Monday to decide its next move.The ECB’s decision last Sunday not to raise the ceiling of its emergency liquidity assistance (ELA) programme to Greek banks from €89 billion led to the introduction of limits on cash withdrawals.The Greek government faces its next big repayment on 20 July, when it must redeem €4.2 billion of ECB bonds. Failure to meet this payment would almost certainly result in the ECB halting its ELA programme, bankrupting the country’s banking sector.But without further financial support over the next two weeks there is little chance of its banks being able to survive that long. In the absence of the ECB pumping new money into the Greek system, market analysts believe that Greece would soon be forced to introduce a parallel currency.The ELA programme requires the ECB to deem that Greek banks are still solvent. However, after a week of capital controls, and no extra money coming into the system, the Greek banking sector is within days, or even hours, of running out of cash to stock its cash machines.“The ECB will not be the one pulling the trigger on Greece,” says ING chief economist Carsten Brzeski, adding that “as long as eurozone politicians will signal their willingness to negotiate with Athens, the ECB will maintan ELA at its current levels.”Meanwhile, in a note reacting to the referendum result, Barclays stated that it “would expect (the) ECB’s (governing council) to shut down ELA at the latest by 20 July”.Barclays estimates that Greek banks have around €28 billion of collateral that could be posted to the ECB in return for ELA funding.The market uncertainty is also expected to hit other southern Mediterranean countries, particularly the sovereign bond spreads of Italy and Spain, with investors expected to flock towards so-called safe haven bonds such as Germany and the US.Greek banks have faced a steady flight of capital since January. The ECB has pumped in around €120 billion - equivalent to over two thirds of the Greek economy- making it one of the institutions most exposed to a Greek default.
