Thursday, April 30, 2015

16 Signs That The Economy Has Stalled Out And The Next Economic Downturn Is Here

The past few years have been a period of relative stability for the U.S. economy.  A lot of people have been lulled into a false sense of security during that time.  These people have become convinced that our problems have been fixed.  But they haven’t been fixed at all.  In fact, our problems are far, far worse than they were just prior to the last financial crisis. Don’t let this next recession take you by surprise.

NSA Whistleblower: “We Are No Longer Afraid Of The Police State Happening. It’s Here”

from Washington’s Blog:
First Bill Binney – the high-level NSA executive who created the agency’s mass surveillance program for digital information, the 32-year NSA veteran widely who was the senior technical director within the agency and managed thousands of NSA employees – told Washington’s Blog that America has already become a police state.
Then Thomas Drake – one of the top NSA executives, and Senior Change Leader within the NSA – told us the same thing.
Now Kirk Wiebe – a 32-year NSA veteran who received the Director CIA’s Meritorious Unit Award and the NSA’s Meritorious Civilian Service Award – agrees (tweet via Jesselyn Radack, attorney for many national security whistleblowers, herself a Department of Justice whistleblower):
Read More @
image credit:

The "Scariest Spreadsheet In Fed Possession" Just Revealed A Very Scary Number For Q2 GDP

Guess Who Predicted The Failure Of QE

Yellen... AND Bernanke!

Monsanto Secretly Gave Money to Farmer Caught Contaminating Organic Farms with GMOs

by Christina Sarich, Natural Society:
Natural Society reported on organic farmer Steve Marsh’s dilemma with GMO cross pollination of his organic farms a while back, but some shocking news has recently bubbled to the surface about Monsanto’s involvement.
One of the secrets of monopolizing Monsanto is that it contributed big bucks to the defense of the Australian farmer whose GMO canola crop infected Steve Marsh’s organic fields. If you aren’t privy, a ruling by the Supreme Court of Western Australia had no sympathy for Steve Marsh’s plight, and sided in favor of Michael Baxter and Monsanto.
Read More @

ONLY an IDIOT...Would CONSENT to a CASHLESS SOCIETY...That's why I think it will happen in the U.S.... The FREE SHIT ARMY WILL EMBRACE IT WITH BOTH HANDS...

The War On Cash: Transparently Totalitarian

"The War on Cash is the attempt by governments to phase cash out of their economies. Governments hate cash because they hate the financial privacy cash makes possible. And they prefer that you keep your money in a bank to help prop up an unsound fractional reserve banking system." As Ron Paul warned, “The cashless society is the IRS’s dream: total knowledge of, and control over, the finances of every single American.”

"Purge" Night 4: Baltimore Tense As Police Clashes Erupt In Philadelphia - Live Feed

Inching Toward Conflict: US Navy To Escort Cargo Ships In Persian Gulf; Iran Refuses To Back Down

Moments ago there was yet another step up in the Persian Gulf naval escalation when CNN reported that the U.S. Navy will escort U.S.-flagged cargo ships through Strait of Hormuz in wake of Iran seizure this week, a US official says. Specifically, the Navy will henceforth accompany ships on concern that Iran’s Revolutionary Guard may seize them, CNN’s Jim Sciutto says in Twitter post, citing CNN’s Barbara Starr. It is unclear what happens if either the accompanied cargo ship, or the US Navy warship leaves international waters, and enters Iran territory, which as the Bab el-Mandeb Strait is virtually assured: a strait which as the following US Naval update map has become as busy for US traffic as the 405 Freeway during rush hour.

This Is How Disastrous The Situation In The West Really Is

from KingWorldNews:
Here’s an astonishing statistic; more than 30pc of all government debt in the eurozone – around €2 trillion of securities in total – is trading on a negative interest rate.
With the advent of European Central Bank quantitative easing, what began four months ago when 10-year Swiss yields turned negative for the first time has snowballed into a veritable avalanche of negative rates across European government bond markets. In the hunt for apparently “safe assets”, investors have thrown caution to the wind, and collectively determined to pay governments for the privilege of lending to them.
Art Cashin continues @

First Blythe Masters, Now Goldman Investing In Bitcoin

First it was Blythe Masters (and the Fed). Now, the most important FDIC-insured hedge fund in the world, Goldman Sachs, adds its name to a growing list of Wall Street institutions exploring digital-currency technology’s potential to provide faster and cheaper financial transactions and payments.

Is Your State Racist?

With the topic of racial division increasingly top of mind in America, The Washington Post reports a new study suggests that the rural Northeat and South are the most racist regions of America. The study, based on Goggle searches for race-related phrases, shows racist people in the U.S. appear to be clustered along the Appalachian Mountains from Georgia, through New York and all the way up to Vermont. West of Texas, no region falls into the "much more than average" category.

Remember...Banks and Governments rely on WeTheSheeplez to do Exactly the wrong thing at  Exactly the Wrong time...

No More Greater Fools: Retail Traders Are "Pretty Fully Invested" In Stocks, TD CEO Says

"Margin loans at high levels, client cash at low levels and account holders at the firm logging in frequently." Believe it or not, that is not a description of day traders in China, but rather of US retail investors who, according to TD Ameritrade's Fred Tomczyk, are all-in at the wrong time.

TWO More Dead Gray Whales Off Santa Cruz County Coast

[Ed. Note: Why is NO ONE in the mainstream mockingbird media in this country talking about Fukushima? Why is it now ILLEGAL in Japan to report the TRUTH about Fukushima? We’re in a LOT of trouble folks.]
by Calvin Men, Santa Cruz Sentinel:
Two gray whale carcasses washed up in Santa Cruz County this week, prompting Long Marine Lab officials to investigate their deaths.
The whales — one at the northern end of the county and the other at the southern end — were first reported Wednesday, but officials couldn’t conduct necropsies when they were reported because of the tide, said Terri Sigler, marine mammal stranding coordinator for Long Marine Lab.
A necropsy conducted Thursday on a 40-foot adult gray whale that washed ashore near Waddell Beach near Davenport couldn’t determine the cause of death, Sigler said. [Ed. Note: Check for RADIATION! ~ SGT]
Read More @

25 Years Of US Monetary Policy Explained (In 1 Cartoon)

While Bernanke claims that "Fed actions didn't favor Wall Street over Main Street," we suspect the following chart clarifies the effect of his and his predecessors actions on the average American...

Dow Tumbles Back Into The Red For 2015


Martin Armstrong Explains Why The Richest 1% Get Richer

The 99% need to wake up. It ain’t the 1%It is those who pretend to be on your side who deprive you of your real right to economic freedom.

When Will Apple Stop Screwing The US Economy?

Apple is the Ty Cobb of corporate America. Like Cobb, Apple has set some impressive records. Nine years, a trillion dollars in sales, and almost no taxes paid. Apple risks having a legacy of tainted success and isolation.

NY Fed Head Of Banking Supervision, And Person Who Handed Over Billions In AIG Profits To Goldman, Resigns

Just three questions here about Sarah Dahlgren's "resignation":
1. Why is she resigning now: is there a crackdown on just how corrupt the Goldman Sachs branch office at Liberty 33 truly is?
2. What will her salary at Goldman Sachs be once she joins the 200 West firm?
3. Which Goldman partner will replace her.

The Swiss National Bank Is Long $100 Billion In Stocks, Reports Record Loss

According to the latest SNB financial release, 18%, or CHF 95 ($102 billion) of the assets held on the SNB's balance sheet are, drumroll, foreign stocks!  In other words, the SNB holds 15% of Switzerland's GDP in equities!

Albert Edwards On What Happens Next: "More QE - Everywhere!"

"The Q1 US GDP data was a major disappointment to the market as business investment declined due to the intensifying US profits recession. Only the biggest inventory build in history stopped the economy subsiding into a recessionary quagmire. The US economy is struggling and the Fed will ultimately re-engage the QE spigot. Talk is growing that China will soon be doing the same as local authorities struggle to issue debt. But this week we want to focus on Japan, having just made my fist visit to that fine nation for over a decade! Japan, the third largest economy in the world, is also in trouble (see chart below) and will soon be increasing its off-the-scale QE programme to an out-of-this-world QE programme." - Albert Edwards

Did The Japanese Just Save The World Again?

Suddenly, and with no catalyst whatsoever, "someone" decided to sell JPY, buy EUR and USD and aggressively bid for US equities and European peripheral bonds... just as they headed for an ugly day... Paging GPIF?

We Are Witnessing A Fundamental Change In The Oil Sector

The world oil market is undergoing a fundamental structural change in response to expensive oil. Producers are trying to survive by limiting expenditures. While analysts have been focused on rig counts, deferred completions have emerged as the initial path to lower U.S. oil production. This unanticipated outcome suggests that others may follow. While everyone is waiting for higher oil prices and for things to return to normal, what we may be witnessing is the end of normal.

One Heckuva Bull Market

The current equities bull run seems unstoppable. No amount of geopolitical concerns, Greek default fears, rate hikes, US dollar strength, crude oil price volatility, Russian sanctions or whatever else you can think of can put a dent on it. Perhaps we should take a step back and try to understand what is driving this strength. OK, we know that central banks continue to spike the punchbowl, but what is the actual transmission mechanism that directs all this liquidity into equities – as opposed to commodities for instance, which continue to struggle?

Billionaire Hypocrisy: George Soros May Owe $7 Billion In Taxes

George Soros may owe some $6.7 billion in taxes Bloomberg says, noting that despite the billionaire's call to increase taxes on the wealthy, his fund has employed a loophole that allowed for the deferral of taxes on management fees the reinvestment of which has generated billions in returns.

Nasdaq Loses 5000 As Good Data Spooks Liquidity Addicts

"I felt a great disturbance in the Farce, as if millions of fast-money voices suddenly cried out in terror, and were suddenly silenced. I fear something terrible has happened."

Bunds & Bullion Bloodbath'd

Well that escalated quickly...

When The Herd Turns

The ultimate hubris of central banks was their supreme belief in their own powers to direct the herd. As long as the herd was stampeding in one direction, the central banks could imagine that their shouted orders were directing the herd. But once the herd turns, the futility of those orders will be revealed.

Gold Dumped, Dollar Pumped As Algos Focus On Claims, Ignore Spending

Because what really matters is not spending or incomes for the average American (which both missed dismally), the market appears convinced that the 2nd lowest jobless claims print in history is what matters and the "rate hike is coming" trade is on. Bond yields are higher, dollar is jumping, and gold (and silver) and dumping...

Greece "Scrambles"To Make Full Monthly Pension Payments: "Still Missing Several Hundred Million Euros"

Greece was forced to delay pension payments by 8 hours on Tuesday while Athens scrambled to find cash. Although the government claims there was a "technical glitch," officials with knowledge of the matter offered a far more elegant explanation: there wasn't enough money.

British Doctors Now Asking Elderly If They’re Ready to Die

by Joshua Krause, Activist Post:
Ever since the Affordable Care Act was passed, Americans have been asking themselves if our healthcare will ever resemble the UK’s socialized medical system. Some have greeted it with praise, while others have been concerned that our healthcare could turn to death panels to cut costs. Now the UK’s National Health Service has given us another unfortunate condition to look forward to. They recently told all doctors to ask every patient over 75 if they would like to establish a “do not resuscitate” order for future emergencies. In some cases, the doctors are ordering their nurses to cold-call every elderly patient, and everyone with a long-term condition, to see if they have “thought about resuscitation.”
Could you imagine how awkward it would be to receive such a phone call? To be called right out of the blue and gently asked if you’re ready to die. As one health analyst put it ‘It will give some older people the impression that no-one wants to bother with them. It looks as though they’re being told: ‘You’re old, how do you want to die because you’re in the way’.
Read More @

Homeland Security Chief Admits He Doesn’t Understand 4th Amendment

by Steve Watson, Infowars:
During a hearing Homeland Security head Jeh Johnson admitted Wednesday that he doesn’t know or understand the laws covered by the Fourth Amendment.
Johnson was appearing at a Senate gathering on the government’s surveillance capabilities and authority, specifically regarding obtaining records from telephone companies without a warrant.
When Kentucky Senator Rand Paul began grilling Johnson, asking him whether those practices are lawful under the Fourth Amendment, which covers searches and seizures, Johnson effectively pleaded ignorance. When Paul asked Johnson if he believes the Fourth Amendment “applies to third party records,” Johnson said that it is “beyond my competence as secretary of homeland security” to answer the question.
Read More @

Sunset is Coming for NSA Dragnet

by Philippe Gastonne, The Daily Bell:
Senate Republicans have launched the opening salvo in a battle over government surveillance powers, introducing a bill to preserve intact the National Security Agency’s authority to store and search domestic telephone records…
Legal authority for the program, contained in Section 215 of the Patriot Act, is set to expire June 1. That has set off a race between lawmakers who want to preserve the government’s surveillance powers and those who want to rein them in. – Los Angeles Times, April 22, 2015
The program described in this article is one of the less-intrusive dragnets Edward Snowden exposed, but it is nonetheless unacceptable. Supposedly, it does not give the government the content of phone calls, only the “metadata” such as date, time, location, number dialed, length of call, etc. Collected and studied over time, this information can paint a surprisingly comprehensive picture of a citizen’s life. That is why the NSA wants it, after all.
Read More @


Wednesday, April 29, 2015

Texas Governor Calls Up State Guard To Counter Jade Helm "Federal Invasion" Fears

The story of Jade Helm — the name for the upcoming military exercises in Texas, California, Arizona, Utah, New Mexico, Colorado, and Nevada — has taken a decisive turn for the absurd as Texas Governor Greg Abbott has now called on the Texas Guard to (literally) monitor military drills conducted by US special forces after local residents suggested the exercises could be the precursor to a federal invasion of Texas. Only in America.

1,100 Foreign Donors To Clinton Foundation Never Disclosed & Remain Secret

The reason this is a politically explosive revelation is because the Clinton Foundation promised to disclose its donors as a condition of Hillary Clinton becoming secretary of state. Shortly after Barack Obama was elected president in 2008, the Clinton Foundation signed a “memorandum of understanding” with the Obama White House agreeing to reveal its contributors every year.
It hasn’t.

Apple Admits Watch Shortage Due To Defective Supply, Not Demand

Apple fan-boys have proclaimed the Apple Watch a screaming success as Tim Cook explained he was "generally happy" with the launch. The big driver of the impression of awesomeness was how hard it was to get one... i.e. so much demand that supply copuld not keep up. However, as The Wall Street Journal reports, it was not demand, it was instead defects that forced the company to limit supply.

The War on Cash Escalates

from Money Metals Exchange:
The Federal Reserve bank and its owners, the largest banks on Wall Street, want badly to be able to charge you interest for the privilege of depositing your funds. The problem is getting you to stand for it.
Depositors already complain vigorously about zero percent returns on checking and savings accounts. If they must start actually paying the bank to hold funds on deposit, many will opt to simply withdraw the cash and stuff it under their mattress or into a safe deposit box. That simply won’t do.
The Goal Is to Force You to Deposit Cash and Charge You Interest
Bankers in the U.S. can learn something from the Swiss. The Swiss National Bank recently implemented negative interest rates without first solving the “problem” of how to prevent cash from fleeing the banks. Predictably, depositors started doing some math.
Read More @

12 Unanswered Questions About The Baltimore Riots That They Don’t Want Us To Ask

Yes, the anger over the death of Freddie Gray is very real.  Police brutality has been a major problem in Baltimore and much of the rest of the nation for many yearsBut could it be possible that the anger that the people of Baltimore are feeling is being channeled and manipulated for other purposes?

The Mystery Men Behind the Baltimore Riots

from Outsider Club:
As many of you probably know, The Outsider Club office is in Baltimore.
So the recent events are pretty palpable for all of us here. I passed two armored personnel carriers on my way in to work today. When I got to the office, the cafe was closed and the office building was locked down.
Suffice to say I’ve got a lot of thoughts and feelings about what’s going on, but I think it’s best to address them piece by piece, rather than all at once.
And what I want to talk about today are the “outside elements” that are reportedly holding our city hostage.
Read More @

Texas Rangers Brace for ISIS Led Invasion

by Dave Hodges, The Common Sense Show:
I wrote an article two days ago entitled The Dual Purpose of Jade Helm. The following email, purportedly from a Texas Ranger supports my notion that Jade Helm more than likely has a dual purpose with the end game consisting of the enforcement of a brutal form of martial law and mass detentions.
Hello Mr. Hodges,
I have been a Texas Ranger for quite some time, and as such, I am privy to much of what is going on with regard to the Midland Walmart store closing, the presence of ISIS on Texas soil and our preparations to combat an insurgent threat.

Read More

Apple Warns Of "Material Financial Damage" If Its $171 Billion In Offshore Cash Is Jeopardized

Why have Apple shares languished in the wake of Monday's top and bottom line beat? We may now have the answer...

DC’s Top Cronies Named And Shamed

from The News Doctors:
US President Barack Obama, the Federal Reserve, and Las Vegas casino magnate Sheldon Adelson were among those nominated on Monday to pass through to the final stage of a prestigious prize: the Crony Awards, organized by The Atlas Society.
Inspired by the novel Atlas Shrugged by objectivist philosopher Ayn Rand, the Washington, DC-based organization launched a public vote to find the individuals, corporations, politicians, and government agencies that are most guilty of handing out or receiving political influence for economic gain.
“Unfortunately today we live in a mixed economy full of examples of special interests merging with the power of the state. We have developed the Atlas Shrugged Cronyism Contest to allow everyone to participate in identifying and educating about the destructive nature of crony capitalism,” the competition’s website explains.
Read More @

Bill Fleckenstein – My “Hate Mail” Indicator Says Major Market Turn Is At Hand

from KingWorldNews:
Overnight markets were weaker, but I don’t think that made much difference to anyone in America. I was perhaps a bit premature yesterday in saying that earnings season was over when in fact we had not heard from the biggest market cap of all, that being Apple (and I was wrong about the NFP report; it is next Friday, not this Friday). As everyone expected, that company did have a monstrous quarter, as pent-up demand for the new phone (and an upgrade to bigger screens) led to the last couple of gargantuan quarters Apple has posted.
Bill Fleckenstein Continues @

Truth Has Been Murdered

from Paul Craig Roberts:
The Obama regime and its neocon monsters and European vassals have resurrected a Nazi government and located it in Ukraine. Read this statement by Elena Bondarenko, a member of the Ukrainian parliament:
The Western media has created a fictional account of events in Ukraine. The coup organized by the Obama regime that overthrew the elected democratic government in Ukraine is never mentioned. The militias decked out in Nazi symbols are ignored. These militias are the principle source of the violence that has been inflicted on the Russian populations, resulting in the formation of the break-away republics. Instead of reporting this fact, the corrupt Western media delivers Washington’s propaganda that Russia has invaded and is annexing eastern and southern Ukraine. British and European politicians parrot Washington’s lies.
Read More @

Fed Fails To Spark Buying Frenzy; Stocks, Bonds, Dollar Drop

The Real Financial Crisis That Is Looming

There is a financial crisis on the horizon. It is a crisis that all the Central Bank interventions in the world cannot cure. It is a financial crisis that will continue to change the economic landscape of America for decades to come. No, we are not talking about the next Lehman event or the next financial market meltdown. Although something akin to both will happen in the not-so-distant future. It is the lack of financial stability of the current, and next, generation that will shape the American landscape in the future.

Artist's Rendering Of What Really Burned Down In Baltimore

Sad... but true...

I have told you since 2009 that they will print money to infinity and beyond...Nothing has changed...

When Exactly Will The Fed Launch QE4?

No one earned it. No one saved it. But here’s our prediction: Someone will miss it when it is gone! If the US money supply were a deck of cards, Uncle Sam has been slipping in extra aces for the last 44 years. In the third quarter, net liquidity is likely to turn negative. And the stock market is likely to correct. What then? The Fed will panic and announce QE4… and other measures.

The Financial Markets Now Control Everything

The financial markets don't just dominate the economy - they now control everything.

'Hawkish' Hilsenrath Confirms Fed Not Worried About Q1 Growth, Rate Hikes Coming

At a stunning pace of 608 words in just 4 minutes, The Wall Street Journal's Fed-Whisperer, Jon Hilsenrath, has proclaimed his "common knowledge" meme for today's FOMC statement. Confirming that officials "aren’t at this point alarmed about the first quarter slowdown," and in fact stating they are confident of spending picking up due to consumer sentiment (which just fell)... which leaves them signalling no shift in policy stance - i.e. rate hikes are coming whether the economy can handle it or not...

"Not Patient" Fed Blames Snow For Weakness, Removes Calendar Guidance

With everyone hoping that The Fed says something dovish (because after all stocks are 1% off their highs) there was some disappointment as the weakness was shrugged off as transitory:

In the end, once again, the dovish Fed provides just enough wealth-creating hope to keep stock dreams alive but knows it has to move sooner rather than later (keeping the "but we think the economy will strengthen" meme alive).
Pre-FOMC: S&P Futs 2099.50, 10Y 2.04%, EUR 1.1175, Gold $1210, Oil $58.85

Flash Crash Scapegoat Can't Afford Bail, Will Remain In Prison

The news of Navinder Sarao's arrest, the scapegoat for all that is broken with the world's equity markets, may have come, gone and be largely forgotten, but while the CFTC is happy to have washed the corruption and incompetence off its hands by destroying the career of one insignificant trader (whatever happens, redirect public attention from the HFT firm that just came public and boasted of one trading loss day in 6 years) Sarao is facing decades in prison. And, what is worse for the alleged mastermind of the May 2010 flash crash, he won't even be able to enjoy a few weeks in quasi-freedom. Why? Because this lonely 36 year old, who "crashed" the entire market 5 years ago from his parents' basement (literally), can't even afford bail.

Obama Behind Baltimore Stand Down So Soros Anarchist Could Riot

from TheAlexJonesChannel: