Monday, August 29, 2016

Former Barrick Gold President: "A Big Move Has Begun. There's Something Fundamentally Wrong With The Economy"




"I think a move has begun... When you have bonds at negative interest rates you know there’s something fundamentally wrong with the economy. That’s a statement of the relative safeness of currencies... when people actually feel they can buy that bond and pay money to keep it in that bond just because it’s a safer haven than other investments then that’s pretty bad."

Recent Surge In Inner-City Heroin Overdoses "Unlike Anything We've Seen Before"

In the past 6 days, emergency rooms in Cincinnati have seen a 5.5x spike in heroin overdoses.  Many speculate that recent heroin supplies have been cut with a powerful elephant tranquilizer, Carfentanil, that is leaving many users dead.


Germans "Lose Faith In Banks", Rush To Buy Safes




First Japan, now German savers are leaving the "security" of savings banks for the true safety of paper cash parked inside home safes, where the central bank's negative rates can never reach. As a result safes across Germany are selling out as German savers finally "lose faith in banks."

What The Media Did Not Report: Here Is The "Ignored" Part Of Kaepernick's Speech



"You have Hillary who has called black teens or black kids super predators... a presidential candidate who has deleted emails and done things illegally... That doesn’t make sense to me because if that was any other person you’d be in prison. So, what is this country really standing for?"

Exposing the ESTABLISHMENT and its AGENDA

by TC, SGT Report:
In my past life I was a successful insurance broker and learned that “people tend to buy what they understand”.
Enclosed is a summary of the OUTSTANDING 2+ Hour documentary Shadowring which fully exposes the ESTABLISHMENT and its Globalist Agenda. 
Once learning the truth – regardless of whether voters love TRUMP or not – they should HATE the ESTABLISHMENT and understand that TRUMP is our only hope!
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ARE EMERGING MARKETS ABOUT TO SWITCH US TREASURIES FOR SDR BONDS?

by JC Collins, Philosophy of Metrics.com:
The first issuance of SDR denominated bonds in the Chinese market is being implemented by the World Bank. Let that sink in for a moment. The World Bank, the great bastion of the western banking elite, will be providing SDR bonds specifically for the Chinese market. This is a major defeat for all of those who repeatedly promoted the idea that wealthy interests within China were attempting to overthrow the western banking structure or implement a competing system.
A second issuance of SDR bonds will take place through the China Development Bank. The purpose of both issuances is multiform.
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HuffPo "Revoked Publishing Access" Of Journalist After 'Hillary Health' Story: "It's Orwellian...I'm Scared"



"I've honestly never seen anything like this.  It's frankly chilling.  I'm a little scared.  I'm doing this video also to say, I'm not suicidal right now; I am not a particularly clumsy person; I don't own a car at the moment.  So if I'm to slip in the shower over the next couple of days or something silly like that you have to really employ probability and statistics here." 

"There Will Be Blood" - The Whole Game Is About Containing Russia-China



BRICS is in a coma. What’s surviving is RC: the Russia/China strategic partnership. Yet even the partnership seems to be in trouble – with Russia still attacked by myriad metastases of Hybrid War. The – Exceptionalist – Hegemon remains powerful, and the opposition is dazed and confused. Or is it?



Weiner is a Dick...

Abedin Separating from Weiner After Another Sexting Revelation

from AP via CNSnews:
Hillary Clinton aide Huma Abedin says she is separating from husband Anthony Weiner after another sexting revelation involving the former congressman from New York.
Abedin says in a statement released by Clinton’s presidential campaign: “After long and painful consideration and work on my marriage, I have made the decision to separate from my husband.
She adds: “Anthony and I remain devoted to doing what is best for our son, who is the light of our life. During this difficult time, I ask for respect for our privacy.”
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The Federal Reserve Stranglehold Will End VERY BADLY

from Gregory Mannarino:



Nature Valley is Facing Lawsuits over Granola Bar Labeling

by Julie Fidler, Natural Society:
If a food product contains small amounts of glyphosate (an herbicide chemical), can it still be considered “100% natural?” Fed-up consumers are saying no to false advertising, and now multiple lawsuits have been filed against Nature Valley for exactly that.
The company is facing four lawsuits, including three federal class actions filed in District Courts in New York, California, and Minnesota, along with a civil case brought in a D.C. Superior Court on behalf of three non-profit groups. [1]
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Iraq War Architect Voting For Hillary Clinton?

from WeAreChange:



Department of Homeland Security Has Surprise for Bernie Supporters at DNC Lawsuit Hearing

by Pam Martens and Russ Martens, Wall Street On Parade:
Mavi Ramierez is a Mom, a social media entrepreneur and a dedicated citizen journalist who took a day off from work to cover the first hearing on August 23 in the Federal lawsuit that has been filed by Senator Bernie Sanders’ supporters against the Democratic National Committee and its former Chair, Debbie Wasserman Schultz. The lawsuit, which currently has more than 100 plaintiffs and more than a thousand in the wings with retainer agreements, is charging the DNC with fraud, negligent misrepresentation, deceptive conduct, unjust enrichment, breach of fiduciary duty, and negligence.
Leaked DNC documents and emails by Guccifer 2.0 and Wikileaks show Wasserman Schultz disparaging the Sanders’ campaign while key DNC officials actually plotted to sabotage the Sanders’ campaign by putting the word out that he is an atheist (which Sanders says he is not) and characterizing his campaign as “a mess.”
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Yellen Talks Up the Economy at Jackson Hole While US Real-Estate Market Cracks

from The Daily Bell:
Gold hits near 5-week low after Fed strikes hawkish note … Gold slid to a near five-week low on Monday after comments from top Federal Reserve officials fuelled speculation that U.S. interest rates would rise sooner rather than later, weighing on the dollar. Speaking at a meeting of leading central bankers in Jackson Hole, Wyoming, Fed chair Janet Yellen said on Friday that an improvement in the economy and the labour market in recent months had boosted the case for hiking rates. -CNBC
Why buy gold? The economic numbers are looking better and fedgov never lies, right?
However, there is this from ZeroHedge:
In “A Death Knell Just Tolled For Luxury Real Estate”, we documented the sudden trapdoor that opened beneath the ultra-luxury segment in the Manhattan housing market.
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Former Clinton Global Initiative Moderator: Hillary is ‘Beholden to Scumbags’

from Sputnik News:
Journalist Adam Davidson who writes New York Magazine and hosts a show on NPR says the Clinton Foundation is “all about buying access” describing it as “gross.”
Appearing on this week’s “Slate Political Gabfest” podcast, journalist Adam Davidson who previously served as a moderator for the Clinton Global Initiative, the centerpiece of the Clinton Foundation, blasted the former Secretary of State and former US President for shamelessly using charity as a cover for a complex pay-to-play scheme.
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Why A Record Number Of College Grads Are Working Minimum Wage Jobs




Increasingly more low wage employees are those with a college education as they are unable to leverage their diploma credentials to get a better paying job, as the only ones hiring are those seeking minimum-paid workers. This means that the share of college grads working minimum wage jobs is now an all time high; jobs which barely cover the cost of living, let along covering interest expense on student loans.

4 Millennials, 4 Salaries: Survey Finds Millennials At All Income Levels Happy, Self-Assured And Completely Delusional




Esquire Magazine recently conducted a poll of 4 millennials at 4 different income levels and the one unifying theme in the responses seemed to be that millennials are fairly self-assured and optimistic about their future despite the overwhelming mountain of economic evidence that suggests they're totally screwed.  Seems that millennials are maintaining their "safe spaces" beyond their college years...





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HuffPo "Revoked Publishing Access" Of Journalist After 'Hillary Health' Story: "It's Orwellian...I'm Scared"



"I've honestly never seen anything like this.  It's frankly chilling.  I'm a little scared.  I'm doing this video also to say, I'm not suicidal right now; I am not a particularly clumsy person; I don't own a car at the moment.  So if I'm to slip in the shower over the next couple of days or something silly like that you have to really employ probability and statistics here." 

Former Clinton Global Initiative Moderator: Hillary is ‘Beholden to Scumbags’

from Sputnik News:
Journalist Adam Davidson who writes New York Magazine and hosts a show on NPR says the Clinton Foundation is “all about buying access” describing it as “gross.”
Appearing on this week’s “Slate Political Gabfest” podcast, journalist Adam Davidson who previously served as a moderator for the Clinton Global Initiative, the centerpiece of the Clinton Foundation, blasted the former Secretary of State and former US President for shamelessly using charity as a cover for a complex pay-to-play scheme.
Read More

"Election Fraud Underway" - NBC Affiliate Posts "Election Results" For Florida Race That Hasn't Happened Yet

Republican candidate for Florida House District 86, Laurel Bennett, was a little surprised over the weekend to find that a local TV station was reporting her loss of a race that hadn't even yet occurred.


What The Media Did Not Report: Here Is The "Ignored" Part Of Kaepernick's Speech



"You have Hillary who has called black teens or black kids super predators... a presidential candidate who has deleted emails and done things illegally... That doesn’t make sense to me because if that was any other person you’d be in prison. So, what is this country really standing for?"
 

The "Devastating" Truth Behind America's Record Household Net Worth

American net worth just hit a record high $88 trillion, a number taken by the fawning media is evidence of how successful Obama's policies have been. However, when one looks beneath the surface, a "devastating" picture emerges: US inequality like no one has seen it before.
 

“Pure Liquidity”

by Bill Holter, JS Mineset, SGT Report:
The 2008 Great Financial Crisis came about because we began to hit “debt saturation” levels. The crisis was one of solvency but was attended to with added liquidity. Sovereign treasuries still had the ability to add debt to their balance sheets which was done in unprecedented amounts. Now, we are again bumping up against debt saturation levels as sovereign treasuries by and large have little room left to add more debt in efforts to reflate. The root problem of solvency was never addresses, only postponed to another day. That “day” seems to be in sight.
The Fed recently did a study concluding that a $4 trillion increase in their balance sheet should be enough to reverse a future recession. I would ask several questions: first, 2008 began as a downturn in real estate in the U.S. and quickly spread to financial asset prices and thus institutional balance sheets …
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As Vancouver's Housing Market Implodes, Furious Chinese Envoy Slams Real Estate Tax



China’s top envoy in British Columbia slammed the Canadian province’s new 15% tax on foreign home buyers, questioning the justification behind the hastily imposed measure. "Why a 15 percent tax? Why now? Why this rate? What’s the purpose? Will it work?" Liu Fei, China’s infuriated consul general in Vancouver.

Leaked Soros Document Calls For Regulating Internet To Favor 'Open Society' Supporters



Very soon, on October 1, 2016, much of the internet's governance will shift from the US authority (NTIA) to a nonprofit multi-stakeholder entity (ICANN). The Obama Administration says that the transition will have no practical effects on the internet's functioning or its users, but an internal proposed strategy from George Soros' Open Society Justice Initiative calls for international regulation of private actors’ decisions on “what information is taken off the Internet and what may remain," which should favor “those most supportive of open society.”

Chicago Records "Most Violent Month In 20 Years"



With 3 days left in the month, August 2016 is officially the deadliest day in Chicago in 20 years...

Japanese Government Now The Largest Shareholder Of 474 Big Companies



The two biggest buyers of Japan Inc. are flying blind and don’t care...

Will The Election Be Hacked: FBI Finds "Foreigners" Breached Two State Election Databases



With both political parties increasingly sensitive to allegations of electoral rigging in the upcoming presidential elections, whether due to direct manipulation of the counting process or as a result of "hacks" potentially leading to accusations of vote rigging by the losing candidate and their supporters, today's striking news that the FBI has evidence that hackers targeted two state election databases in recent weeks may be a harbinger of what is to come.

Gold - What Happens Next?

You are here..

Mike Maloney: "This Is The Peak"



"This is the peak – we have passed the peak of the bubble. It's now deflating. There is usually a little tiny roll over and then a huge crash. And the little tiny roll over is just starting right now. We are seeing it first in the top end (like luxury real estate), where the currency that was created by the central banks went to that 0.1% first. Within the next few years you are going to see probably the greatest crash in history. I have often said that the crisis of 2008 was just a speed bump on the way to the main event. We are in the process right now of seeing this unwind."

What Will Happen After November 8th?



"Trump supporters endure the abuse, endure the spittle, endure the shoves and punches, endure the theft of their possessions, and endure the damaged cars and the incessant harassment. For now, for the sake of their political movement and the candidacy of Donald Trump they do not strike back...But what happens after the election?"

How Many Monitors Does The Co-CEO Of The World's Biggest Hedge Fund Need



If you answered "at least 10", you are correct.

Hershey Plunges After Mondelez Pulls Offer To Buy Company



Three months after Mondelez shocked the world with the latest proposed mega-merger, when it offered $23 billion to acquire Pennsylvania's iconic Hershey, in a bid to make the world's biggest candy maker combining the candy industry’s second- and fifth-largest players by revenue, moments ago, the snack giant, which makes Oreo cookies and Cadbury chocolate bares, announced it was no longer pursuing the combination.

Smart Money Is Turning To METALS As Bankers Print — James Gowans

by SGT, SGT Report.com:

James Gowans the President and CEO of Arizona Mining joins us to discuss central bank money printing, the real risk of hyperinflation of the US Dollar as we’ve seen in Venezuela and the trend of big money moving into metals mining stocks, including Zinc mining companies like Arizona Mining. Jim explains that Zinc has actually outperformed gold and silver in 2016 rising more than 40% year-to-date, “A big move has begun,” Jim notes, “there’s something fundamentally wrong with the economy.”
The commodities are rising fast as the decades long bond market bubble begins to deflate. This is going to translate into much higher prices for the stuff people need.  Inflation… and ultimately hyperinflation as John Williams has predicted,  is looking increasingly likely.

The Darwin Awards for Nations

by Jeff Thomas, International Man:
The fellow in the photo above is taking a bit of a risk. If all does not go well for him, he may become a candidate for the annual Darwin Awards – an award given to those who have inadvertently taken themselves out of the gene pool.
Of course, Darwin’s premise was that, through natural selection, those who are born weaker, deformed, or otherwise less capable of survival are less likely to live long enough to procreate, thus assuring an ever-stronger, more adaptable species.
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Double Digit Inflation And The Rise of Gold

by Jim Rickards, DailyReckoning:
Double-digit inflation is a non-linear development. What I mean by that is, inflation doesn’t go simply from two percent, three percent, four, five, six. What happens is it’s really hard to get it from two to three, which is ultimately what the fed wants.
It’s proving extremely difficult just to get up to two. Personal consumption expenditures (PCE) is the core price deflator, which is what the fed looks at. Currently, it is at about 1.6, 1.7 percent, but it’s stuck there. It’s not going anywhere. The fed continues to try everything possible to get it to two with hopes to hit three. Where the problem arises is once you get to three, the next stop isn’t four, it’s eight, and then it goes to ten. In other words, there is a big jump.
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Fake Rally: The Final Piece of the Trap

by Jeff Nielson, Bullion Bulls:
For 6 ½ months; readers have been warned that the anemic advance in gold and silver prices over this period of time was/is a Fake Rally. The arguments in favor of this conclusion are almost too numerous to list.
a) Gold and silver are currently undervalued by roughly an order of magnitude, and in the case of silver, closer to two orders of magnitude. In any legitimate rally, the upward slope in prices would have been much, much steeper.
b) In a legitimate rally, silver always outperforms gold. Yet despite silver being undervalued versus gold by roughly an order of magnitude, the price of silver lagged the price of gold originally, and has barely kept pace throughout this sluggish “rally”.
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Price Targets for Gold & Silver to Moonshot, FED Failure & Clinton Soros Ties – @TraderStef

from CrushTheStreet:



Red Ponzi Ticking—-China And The Dark Side Of The Global Bubble, Part 1

by David Stockman, David Stockman’s Contra Corner:
…..Donald Trump is absolutely correct that China is a great economic menace. But that’s not owing to incompetence at the State and Commerce Departments or USTR in cutting bad trade deals.
Nor is it even primarily due to the fact that China egregiously manipulates it currency, massively subsidizes its exports, wantonly steals technology, chronically infringes patents and hacks propriety business information like there is no tomorrow.
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Jackson Hole Saturday, When the Real Hyperinflationary Fireworks Occurred

by Andy Hoffman, Miles Franklin:
Pardon me if this article starts out a bit disjointed, as I accidentally erased the notes I took last night, amidst the 155th “Sunday Night Sentiment” attack of the past 161 weekends. And afterwards, the 689th “2:15 AM” raid of the past 793 trading days, which I was able to document in real-time because someone called me at 3:00 AM, acting surprised that I wasn’t on “European time.” I mean, do I have a French, German, or British accent?
Thankfully, the amount of notes was minimal, as amidst the “summer doldrums,” trading volumes are exceptionally low – with “volatility” at 20-year lows, care of the most maniacal, relentless market manipulation in global history.
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Loose Monetary Policy and Social Inequality

by Claudio Grass, Acting Man:
The Rationale for Interventionism
It has been almost eight years since former U.S. President George W. Bush warned the world that “without immediate action by Congress, America could slip into a financial panic and a distressing scenario would unfold.”
The government’s response to the crisis was a USD700 billion rescue package that was supposed to prevent U.S. banks from collapsing and encourage them to resume lending, which was soon to be followed by a series of Quantitative Easing (QE) packages injecting money into the economy.
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DHS Prepares for A Nuclear Event with Huge Order of Radiation Detectors

from Dahboo7:



It’s Time To Imagine A Post-Police World … Here’s Why Abolishing The Police Is Not A Crazy Idea

by Claire Bernish, Activist Post:
Are police necessary? Although this existential question often produces a knee-jerk ‘of course they are, who would protect us?’ a growing call for the abolition of police — and working examples to back it up — deserves more than scornful dismissal, particularly amid epidemic-level violence by agents of the State.
Police are under no obligation to protect the public they putatively serve — a series of state and Supreme Court decisions stretching back more than three decades indisputably establish this fact — so the lingering question, ‘who will protect us?’ is of no consequence to the case for dismantling every police department in the nation.
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What Life Will Be Like After an Economic Collapse

by Megan Stewart, Survival Sullivan:
If you have been waiting for a public announcement or news headline to let you know that an economic collapse has begun, you are in for the surprise of your life. If history in other countries and in Detroit, Michigan is any indication, there won’t be an announcement. An economic collapse tends to sneak up on a city, region, or country gradually over time. In some cases, the arrival of an economic collapse is so gradual that most people living in it aren’t even aware of it at first.
Things just get gradually worse, often so gradually that people and families adjust as best they can until one day they actually realize that it’s not just their home or their neighborhood that has been hit so hard financially, it’s everyone. By that time, it’s often too late to take preventative action.
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TRUMP Calls Hillary’s Bluff, Offers to Release Detailed Medical Records if Hillary Does Same...


by Jim Hift, The Gateway Pundit:
A recent leaked email posted by Wikileaks revealed Hillary’s staff even contacted the NFL to ask about her “cracked head.”
She’s clearly suffering and has taken much of the last month off to rest.
Today Trump challenged Hillary Clinton to release her detailed medical records.
Don’t hold your breath, Donald.
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Exclusive — Lt. Gen. Mike Flynn: Obama, Hillary Ignored Intelligence They Did Not Like About Middle East, Only Wanted ‘Happy Talk’

by Matthew Boyle, Breitbart:
NEW YORK CITY, New York — Retired Lt. Gen. Mike Flynn, who served for more than two years as the director of President Barack Obama’s Defense Intelligence Agency (DIA), leveled explosive charges against the President and his former Secretary of State Hillary Clinton in an exclusive hour-long interview with Breitbart News Daily on Friday.
Specifically, during an exclusive interview about his book The Field of Fight, Flynn said that Obama and Clinton were not interested in hearing intelligence that did not fit their “happy talk” narrative about the Middle East. In fact, he alleged the administration actively scrubbed training manuals and purged from the military ranks any thinking about the concept of radical Islamism. Flynn argued that this effort by Obama, Clinton and others to reduce the intelligence community to gathering only facts that the senior administration officials wanted to hear—rather than what they needed to hear—helped the enemy fester and grow, while weakening the United States on the world stage.
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HUFFINGTON POST BANS JOURNALIST FOR WRITING ABOUT HILLARY’S HEALTH, DELETES ARTICLE

from InfoWars:
The Huffington Post has sensationally censored an article pertaining to questions about Hillary Clinton’s health and banned the journalist who wrote it from posting on their website altogether.
David Seaman penned a commentary piece discussing questions surrounding Hillary’s health problems on Sunday. The story included a link to my viral video about the subject, which now has over 3.5 million views.
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Dallas Fed Respondent: "Sometime After The Election, Data Will Show That In 2016 The U.S. Was In Recession"

"Sometime after the election, historical data will show that in 2016 the U.S. was in recession."

European Banks Prepare For "Economic Nuclear Winter"

While some European bank stocks have scrambled back some of their plunge losses post-Brexit, the current uncertainty over when the U.K. will start the process of quitting the EU has banks on tenterhooks, with a source telling CNBC that banks are "preparing for an economic nuclear winter situation." With negative rates (and a plunging yield curve) banks' earnings are under threat but the concerns over the potential for contagious European break-up and collapse of the pound after Article 50 is signed is existential.

Risk-Parity Panic Looms As Bonds, Stocks, Gold Rally; Reject Fed Hawkish Chatter


"Election Fraud Underway" - NBC Affiliate Posts "Election Results" For Florida Race That Hasn't Happened Yet

Republican candidate for Florida House District 86, Laurel Bennett, was a little surprised over the weekend to find that a local TV station was reporting her loss of a race that hadn't even yet occurred.

“We Are At A Point Where The Encroachment Of Government Power Has Historically Resulted In Rebellion”

from ZeroHedge:
Overnight, one of our favorite hedge fund commentators, (ex) IceFarm Capital’s Michael Green, was gruesomely entertained by Ken Rogoff’s WSJ Op-Ed, pushing for a ban on $20, $50 and $100 bills, to which he – just like us – has some less than kind words.
Unlike our bemused conclusion about the idiocy of Rogoff’s latest pitch to do away with cash (something we predicted would happen years ago as banning cash is a necessary, if not sufficient, condition for NIRP to work), Green provides the following thought experiment to demonstrate just how ridiculous economic prescriptions have become:
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Trump By a Landslide?

by Charles Hugh Smith, Of Two Minds:
Based on this analytic structure, Trump may not just win the election in November–he might win by a landslide.
If we believe the mainstream media and the Establishment it protects and promotes, Trump has no chance of winning the presidential election. For starters, Trump supporters are all Confederate-flag waving hillbillies, bigots, fascists and misogynists. In other words. “good people” can’t possibly vote for Trump.
Even cartoon character Mike Doonesbury is fleeing to Vancouver to escape Trumpism. (Memo to the Doonesbury family: selling your Seattle home will barely net the down payment on a decent crib in Vancouver.)
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Mission Creep - How The Fed Will Justify Maintaining Its Excessive Balance Sheet

FOMC have changed their normalizing strategy several times and we now see the contours of yet another shift.

Iceland Sounds Alarm After Largest Volcano Rocked By Big Earthquake Cluster

Six years after the eruption of Iceland's Eyjafjallajokull volcano in 2010 caused the cancellation of more than 100,000 flights across Europe on concern that glass-like particles formed from lava might melt in aircraft engines and clog turbines, Iceland met office raised the alarm after its largest volcano was hit by the biggest tremors since 1977. Katla, named after an evil troll, is in southern Iceland about 140 kilometers (87 miles) from the capital, Reykjavik.


Neither of these WEINERS deserve respect or privacy...

Huma Adebin Announces Separation From Anthony Weiner After Latest Sexting Scandal

"After long and painful consideration and work on my marriage, I have made the decision to separate from my husband," Abedin said in a statement. "Anthony and I remain devoted to doing what is best for our son, who is the light of our life. During this difficult time, I ask for respect for our privacy."

Trump Applauds Huma's Decision To Dump "Pervert Sleaze" Weiner

Trump commended Huma Abedin on her choice to separate from her husband, former Rep. Anthony Weiner. “Huma is making a very wise decision," Trump said in a statement. "I know Anthony Weiner well, and she will be far better off without him."

Mike Maloney: "This Is The Peak"

"This is the peak – we have passed the peak of the bubble. It's now deflating. There is usually a little tiny roll over and then a huge crash. And the little tiny roll over is just starting right now. We are seeing it first in the top end (like luxury real estate), where the currency that was created by the central banks went to that 0.1% first. Within the next few years you are going to see probably the greatest crash in history. I have often said that the crisis of 2008 was just a speed bump on the way to the main event. We are in the process right now of seeing this unwind."

New DNC Chair Says Outrage Over Clinton's Pay-To-Play Is Attempt To "Criminalize Normal Behavior"

"This notion that, somehow or another, that someone who is a donor saying I want access...we often criminalize behavior that is normal. And I don’t see what the smoke is."

Ron Paul: The Right Lessons From Obamacare's Meltdown

The problems plaguing the health care system are rooted in the treatment of health care as a "right." This justifies government intervention in the health care marketplace. This intervention causes increasing prices and declining quality and supply. Ironically, those who suffer most from government intervention are the very people proponents of these programs claim to want to help.

Jack Lew Furious After Europe Set To Hit Apple With "Largest Tax Penalty Ever"

Just minutes after the excitement over Apple's new product announcement hit, The FT drops a rather more painful headline stating that Apple will on Tuesday be hit with Europe’s largest tax penalty after Brussels ruled that the company received illegal state aid from Ireland. Despite Treasury Secretary Lew's pleas/demands just a week ago that the EU back off, the company will have to pay billions of euro in back taxes to Dublin as the European Commission moves to redraw the boundaries on aggressive tax avoidance by the world’s biggest corporations.

The Apotheosis Of Bubble Finance - Folly Of The FANGs, Part 1

"The trouble is, financial prices cannot be falsified indefinitely. At length, they become the subject of a pure confidence game and the risk of shocks and black swans that even the central banks are unable to off-set. Then the day of reckoning arrives in traumatic and violent aspect."

Oil Extends Losses As 'Short-Squeeze' Ammo Is Now Exhausted

WTI Crude is now down 6% from last week's highs, back below $47 as supply concerns (Abu Dhabi production rise and ConocoPhilips' CEO comments) and OPEC freeze talks doubts have combined with the biggest collapse in speculative short positions in history (following the Saudi statement) - removing the last 'short-squeeze' leg of support from this dead-cat-bounce.

This Is The Way The World Ends...

Would fate permit it, the election of Hillary Clinton will be the supreme and perhaps terminal act in an Anything-Goes-And-Nothing-Matters society. Her reward in office may be to dodge indictment for four years while the nation crumbles around her. This is the way the world ends: not with a bang or a whimper but with a cackle.

US Bank Stocks Surge To 2016 Highs Despite Collapse In Yield Curve To 9 Year Lows

US bank stocks are exuberantly listening to mainstream media pushers as the hopes of a double-rate-hike-rainbow has sent S&P Financials to their highest since Dec 2015. However, despite the rise in implied rate-hike odds, the Treasury curve is utterly collapsing (which is what really matters for NIM) with 2s30s now at its lowest since 2007...

German Vice Chancellor Warns UK "Must Pay For Brexit" Or Europe Would Go "Down The Drain"

German vice chancellor Sigmar Gabriel slammed Britain, saying the island nation must not be allowed to “keep the nice things” that come with EU membership without taking responsibility for the fallout from Brexit. Gabriel warned if the issue was badly handled and other member countries followed Britain’s lead, Europe would go “down the drain” adding that "if we organise Brexit in the wrong way, then we’ll be in deep trouble."

What Life Will Be Like After an Economic Collapse

by Megan Stewart, Survival Sullivan:
If you have been waiting for a public announcement or news headline to let you know that an economic collapse has begun, you are in for the surprise of your life. If history in other countries and in Detroit, Michigan is any indication, there won’t be an announcement. An economic collapse tends to sneak up on a city, region, or country gradually over time. In some cases, the arrival of an economic collapse is so gradual that most people living in it aren’t even aware of it at first.
Things just get gradually worse, often so gradually that people and families adjust as best they can until one day they actually realize that it’s not just their home or their neighborhood that has been hit so hard financially, it’s everyone. By that time, it’s often too late to take preventative action.
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Are Germans Getting Fed Up With Muslim Migrants?

by Michael Ware, Freedom OutPost:
The clash of culture can be trying on all involved. Even those who would support the move to accept asylum seekers would have to admit that the transition has been a bumpy one. The reason is that Muslims and Humanists do not see things the same way. So, in Germany, the German people are faced with a situation that can be dangerous.
The people living with and around the migrants are finding that they are facing the brunt of the difficulty. It is their wives and daughters that face the fear of attack. They and not the politicians are the ones that face the daily danger of terror attacks. So, one group is seeking to voice their frustration.
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The Economy is Doing Great! Oh, Wait a Minute … – Nathan McDonald

by Nathan McDonald, Sprott Money:
The mainstream media continue to spin this narrative that all is well in the economy. They have to paint this beautiful and rosy picture for the public and hope beyond all hope that they will buy into it, hook, line and sinker.
This is a topic that I have talked about much in the past. It is the game they play and a game they love, called MOPE. Jim Sinclair is the founder of this term, but not its creator. He also has pointed out this strategy for years and shown those of us who are awake the blatant deception that the mainstream media orchestrates on the public, on a daily basis.
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It’s Time To Imagine A Post-Police World … Here’s Why Abolishing The Police Is Not A Crazy Idea

by Claire Bernish, Activist Post:
Are police necessary? Although this existential question often produces a knee-jerk ‘of course they are, who would protect us?’ a growing call for the abolition of police — and working examples to back it up — deserves more than scornful dismissal, particularly amid epidemic-level violence by agents of the State.
Police are under no obligation to protect the public they putatively serve — a series of state and Supreme Court decisions stretching back more than three decades indisputably establish this fact — so the lingering question, ‘who will protect us?’ is of no consequence to the case for dismantling every police department in the nation.
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