The Traderszone Network

Greece becomes the first developed country to default on the International Monetary Fund, as the rescue program that has sustained it for five years expires, and its creditors reject a last-ditch effort to buy more time.
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President Barack Obama says he is prepared to walk away from a nuclear deal unless Iran accepts a tight monitoring regime as negotiators extend talks for a week past Tuesday’s deadline to reach a comprehensive agreement.
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The Puerto Rico Electric Power Authority and its creditors are close to a deal that would allow the cash-strapped utility to pay more than $400 million to bondholders, The Wall Street Journal reports.
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Jim Cramer has seen a massive number of IPOs this month. Could these stocks be toxic to your portfolio?

Authored by Paul Craig Roberts,

The entire Western edifice rests on lies. There is no other foundation. Just lies.

This makes truth an enemy. Enemies have to be suppressed, and thus truth has to be suppressed.

Truth comes from foreign news sources, such as RT, and from Internet sites, such as this one.

Thus, Washington and its vassals are busy at work closing down independent media.

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In the past week, the one recurring theme among the permabullish parade on financial propaganda TV has been to ignore the closed stock market and banks in suddenly imploding Greece, the situation in Puerto Rico, the recent plunge in US stocks which are now unchanged for the year, and what may be the beginning of the end of the Chinese bubble and instead focus on the “strong” US fundamentals, especially among tech stocks – the only shiny spot an an otherwise dreary landscape (and definitely ignore the energy companies; nobody wants to talk about those).

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The euro got off to a cautious start in Asia after Greece became the first advanced economy to ever be in arrears to the IMF.