12/06/2012


Report from Greece: Limited Capital Controls Implemented

  by John Galt June 12, 2012 17:50 ET   The reports of capital controls being implemented should Greece leave the Eurozone have been flying throughout the internet over the last twenty-four hours, leaving many to wonder if the European Union is about to descend into the status of a large latte sipping banana republic. Switzerland’s central bank (SCB) is already rumored to have a plan in place to freeze all incoming funds at their borders and penalize anyone attempting to convert deteriorating Euros into Swiss Francs along with currency exchange…


Iran Plans to Build Nuclear Powered Submarines

  by John Galt June 12, 2012 16:10 ET   Uh, paging the Pentagon and Obama regime, your doorbell is ringing. From PressTV in Iran:   Iran set to build nuclear-powered submarines: Commander   <excerpted>   In a Tuesday interview with Fars news agency, Rear Admiral Abbas Zamini pointed to the Iranian Navy’s plan to build super-heavy nuclear-fueled submarines, saying, “Since we possess peaceful nuclear technology, therefore we can also put on our agenda the construction of propulsion systems for nuclear submarines.”   Zamini expressed optimism that Iran’s Navy will use…


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