IRAQ ON THE PRECIPICE

The daily newspapers are now full of stories predicting that Iraq, as we know it, will soon disintegrate into three or more warring states. In the last two weeks Sunni insurgents led by the extremist ISIS have routed a good part of the Iraqi army, taken over much of northern Iraq not controlled by the Kurds and now are moving close to Baghdad.

Read more: http://tinyurl.com/q4kp2hk 

IMF ADVOCATES TAKING PENSIONS & EXTENDING MATURITIES OF GOV’T DEBT TO PREVENT REDEMPTION

I have gone on record that the most dangerous organization is the now French led IMF with Christine Lagarde at the helm, which has presented a concept report that debt cuts for over-indebted states are uncompromising and are to be performed more effectively in the future by defaulting on retirement accounts held in life insurance, mutual funds and other types of pension schemes, or arbitrarily extending debt perpetually so you cannot redeem.

Read more: http://tinyurl.com/mxwkf2n

Pending home sales surge 6.1% in May vs. 1.2% gain estimate

The spring recovery in home sales gained further ground in May. Signed contracts to buy existing homes surged 6.1 percent from April, as home prices began to ease slightly. This is the largest monthly gain since April 2010, just before the end of the popular first-time home buyer tax credit. Despite the monthly gain, the so-called Pending Home Sales Index from the National Association of Realtors is down 5.2 percent from May of 2013.

Read more: http://www.cnbc.com/id/101799859