Submitted by Tyler Durden on 06/24/2015 - 13:16 We suspect this will be the last time billionaire investor Carl Icahn is invited on CNBC. Having sold CNBC darling NFLX, he crushed the two main memes of CNBC's raison d'etre - buy stocks, because where else are you going to put your money - "what's better - making 2% or losing 30% as people did in 2008...right now it's an extremely dangerous time;" and the next leg of this bull market will come from an improving real economy - "the economy is not picking up, it is artificial due to low interest rates." The market has way over-estmated how long this will last, Icahn concludes, "keep your powder dry - why do have to own anything risky? It's just nonsensical."
Greek Delegation Leaves EU Commission: No Agreement Today
Submitted by Tyler Durden on 06/24/2015 - 13:59 So much for a Greek deal getting "done" today, as the market had priced in for the nth countless time on Monday. Here is what happened moments ago according to Bloomberg and Reuters:- GREEK DELEGATION LEAVES EU COMMISSION
- SCHAEUBLE SEES INSUFFICIENT PROGRESS FOR GREECE DEAL TODAY
- SCHAEUBLE SAYS HE DOESN'T HAVE MUCH NEW TO SAY ON GREECE
from Off Grid Survival:
According to the mainstream media the economy is in recovery mode. But
when you look at the reality of the situation, take into account the
actual debt numbers, and then think about your own financial situation,
recovery starts to look like nothing more than a media hyped fairytale. A
fairytale that at some point is going to have very unhappy ending.
The United States is literally drowning in debt
The United States holds the largest mountain of debt the world has ever seen, yet the moronic do-nothing politicians in Washington D.C. seem to be more ignorant than ever. In fact, they’re not only ignorant, they’re out-of-control and doing everything they can to strap us with even more debt.
Read More @ OffGridSurvival.com
According to the mainstream media the economy is in recovery mode. But
when you look at the reality of the situation, take into account the
actual debt numbers, and then think about your own financial situation,
recovery starts to look like nothing more than a media hyped fairytale. A
fairytale that at some point is going to have very unhappy ending.The United States is literally drowning in debt
The United States holds the largest mountain of debt the world has ever seen, yet the moronic do-nothing politicians in Washington D.C. seem to be more ignorant than ever. In fact, they’re not only ignorant, they’re out-of-control and doing everything they can to strap us with even more debt.
Read More @ OffGridSurvival.com
We have all from time to time tried to help others, friends and
family, by pointing them toward reality. For our troubles and efforts
we have been viewed as the “squirrely” guy/gal with a tinfoil hat who
see’s everything as a conspiracy. We have lost friends and even had
family cringe when holiday get togethers were planned because no one
wants to be exposed to our “craziness”. Worse than any disease or even
leprosy, anyone spouting Austrian economics or even “common sense”
(almost extinct today) has been shoved into the outcast corner by the
mass delusional majority. Over the last few years, “theory after
theory” has become fact after FACT after FACT! There can no longer be
any question, conspiracy to delude and defraud has run rampant and is a
day to day operation in the Western world.Originally my thought was to write this piece about and around the perfect response, “but you do agree the government is bankrupt, right?”. I say this because almost anyone (in the U.S.), no matter what age, sex, religion, race or financial status will generally agree with this. For those who don’t agree, it is better to leave well enough alone, this is a subset living in their own delusional world.
Read More…
Pentagon Brands 'Belligerent' Journalists As Legitimate "Enemy Combatant" Targets
Submitted by Tyler Durden on 06/24/2015 - 17:30 The Pentagon has released an 1,176-page book of instructions on the "The Law Of War" detailing acceptable ways of killing the enemy. The manual also states that journalists can be labeled "unprivileged belligerents," an obscure term that replaces the Bush era "unlawful enemy combatant." The Obama Administration’s definition of "enemy combatant" was vague enough, basically meaning any male of a military age who "happens to be there," and this shift appears to make the situation even more dangerous.
Stackers have endured a long, hot summer of attacks upon silver. Yet,
despite that fact, they’ve doubled down on their retail silver buying as
of late, and have absolutely refused to quit. The numbers bear it out.Earlier this month, I covered how India has already imported perhaps as much as 100 million ounces(or 1,000 lakhs) of silver, in just the first 4 months of the year, and the same strong demand continues apace in the retail market. Throughout the globe(with the exception of Perth), most of the world’s mints are showing near record demand.
The most impressive part about it though, are silver’s sales compared to its golden cousin. In fact, check out this powerful chart, from a buddy of mine, which shows another undeniably powerful trend:
Read More…
The Mystery Of The "Missing" Inflation Solved: Record Number Of US Renters Can't Afford Housing
Submitted by Tyler Durden on 06/24/2015 - 15:12 Confused where all the inflation that the Fed is either unable, or simply refuses to measure, is hiding? The answer: right under your roof.
In Historic Shift, Russia Overtakes Saudi Arabia As China's Number One Oil Supplier
Submitted by Tyler Durden on 06/24/2015 - 17:00 We have argued that as economic ties between China and Russia deepen Beijing could increasingly look to Moscow to meet China’s energy needs. This would of course only serve to further de-dollarize the global energy trade, dealing yet another blow to the petrodollar system. Sure enough, Russia has, for the first time in history, overtaken Saudi Arabia as China’s top oil supplier.
The silver paper futures open interest is now officially over a 1
billion ozs., most of which represents a naked short position in silver.
Never in the history of the markets has any futures market
been this extraordinarily disconnected from the amount of underlying
physical commodity that is available to deliver against those contract
open interest.The only conclusion that can be drawn is that the Fed, Treasury and big banks are implementing the most extreme market manipulation exercise ever witnessed. I shudder to think about what catastrophe is coming at us that they know about but we don’t – yet.
“James Mc,” a valuable daily contributor to Lemetroplecafe.com’s nightly “Midas” report commented last night on the Comex silver market in comparison to the CME lumber futures market:
Read More…
Dangerous, Phony 'Gun-Control'-Logic Strikes Again
Submitted by Tyler Durden on 06/24/2015 - 16:30 Look, it’s unfortunate to have to live in a world where there’s crazy people who want to do bad things. But it would be even more unfortunate to live in a world where we are regulated against being able to defend ourselves against those people... and the institution with the monopoly over ‘protecting’ us has a long-term track record of violence, intimidation, and abuse.Icahn Frets, Fed Threats & Greek Regrets Send Stocks Sliding
Submitted by Tyler Durden on 06/24/2015 - 16:04
Picturing John Kerry's Iran Nuclear Deal Progress
Submitted by Tyler Durden on 06/24/2015 - 15:45 As they say on stage, "break a leg" John...
from KingWorldNews:
Rick Rule:
“To me, Eric, the thing about Greece is not so much its absolute
impact as the fact that it is symptomatic. As an American, when
somebody brings up Greece, I think of Detroit or Illinois. We are
creating our own homegrown Greece’s right here in the United States….
“Greece is symptomatic of politics and where we are in the financial services community. And I don’t think that Americans need to look to Greece. I think they can look to Detroit or Illinois.
And when I look at the mainstream media touting an economic recovery in the United States, I have to tell you that I’m just not seeing it. I don’t see the personal circumstance of most Americans improving from a credit point of view.
Rick Rule continues @ KingWorldNews.com
Rick Rule:
“To me, Eric, the thing about Greece is not so much its absolute
impact as the fact that it is symptomatic. As an American, when
somebody brings up Greece, I think of Detroit or Illinois. We are
creating our own homegrown Greece’s right here in the United States….“Greece is symptomatic of politics and where we are in the financial services community. And I don’t think that Americans need to look to Greece. I think they can look to Detroit or Illinois.
And when I look at the mainstream media touting an economic recovery in the United States, I have to tell you that I’m just not seeing it. I don’t see the personal circumstance of most Americans improving from a credit point of view.
Rick Rule continues @ KingWorldNews.com
Abbott & Costello Explain The Unemployment Situation
Submitted by Tyler Durden on 06/24/2015 - 15:30 COSTELLO: So there are two ways to bring unemployment down, and the easier of the two is to have people stop looking for work. ABBOTT: Now you’re thinking like an Economist.COSTELLO: I don’t even know what the hell I just said! ABBOTT: Now you’re thinking like a Politician.
Senator Slams Obamatrade: "They Won The Vote, But Lost The Trust Of The American People"
Submitted by Tyler Durden on 06/24/2015 - 14:53 "Americans increasingly believe that their country isn’t serving its own citizens... The same routine plays out over and again. We are told a massive bill must be passed, all the business lobbyists and leaders tell how grand it will be, but that it must be rushed through before the voters spoil the plan.. And when ordinary Americans who never asked for the plan, who don’t want the plan, who want no part of the plan, resist, they are scorned, mocked, and heaped with condescension."
America - Land Of The Free (And Entirely Unaccountable)
Submitted by Tyler Durden on 06/24/2015 - 14:52 The federal personnel chief said Tuesday that she does not believe “anyone is personally responsible” for the massive hack of federal employee data and security clearance files.Translation - no one is accountable, it was a glitch.
Investors Sue Wall Street, Markit For Conspiring To Monopolize CDS Market
Submitted by Tyler Durden on 06/24/2015 - 14:30 With a DoJ probe having predictably gone nowhere, a group of pensioners and retirement funds are suing Wall Street and Markit for colluding to monopolize the CDS market. Amusingly, Citadel has been subpoenaed to discuss how it was shut out of creating a CDS trading platform by the "oligopolistic" activities of TBTF banks, even as the firm looks set to dominate the market for IR swaps.
FBI's McCarthy-esque Files Expose Obama Advisor Jarrett's Communist Roots
Submitted by Tyler Durden on 06/24/2015 - 14:15 Echoing the era of McCarthyism, Federal Bureau of Investigation (FBI) files obtained by Judicial Watch reveal that the dad, maternal grandpa and father-in-law of President Obama’s trusted senior advisor, Valerie Jarrett, were hardcore Communists under investigation by the U.S. government.
US Equities Give Up Greek Deal Hope Gains
Submitted by Tyler Durden on 06/24/2015 - 13:43 But "Greece was Rescued"...
from The Daily Sheeple:
Yesterday the Washington Post reported that after the Charleston shooting, Obama has been talking about how the U.S. needs to pass sweeping, strict gun control laws similar to those which were passed after a 1996 mass shooting in Australia:
In an interview with comedian Marc Maron that aired Monday, President Obama cited Australia’s gun laws as an example the United States should follow. Australia established strict gun control in response to a massacre in Tasmania that left 35 people dead in 1996. Since then, Australia hasn’t witnessed any mass shootings.
Read More @ TheDailySheeple.com
Yesterday the Washington Post reported that after the Charleston shooting, Obama has been talking about how the U.S. needs to pass sweeping, strict gun control laws similar to those which were passed after a 1996 mass shooting in Australia:
In an interview with comedian Marc Maron that aired Monday, President Obama cited Australia’s gun laws as an example the United States should follow. Australia established strict gun control in response to a massacre in Tasmania that left 35 people dead in 1996. Since then, Australia hasn’t witnessed any mass shootings.
Read More @ TheDailySheeple.com
from The New American:
Not to be outdone by Barack Obama and Hillary Clinton in calling for
civilian disarmament, the United Nations is taking advantage of the
Charleston shootings to join the chorus of confiscators.
In a statement issued on June 19 by the United Nations Working Group of Experts on People of African Descent (yes, that actually exists), committee chairwoman Mireille Fanon Mendes-France demanded that “urgent measures must be taken to prevent gun violence.” Making a point of distinguishing this crime for its effect on “the security of Afro-Americans,” the UN group sent their “heartfelt condolences to the people of the United States of America.”
Read More @ TheNewAmerican.com
Not to be outdone by Barack Obama and Hillary Clinton in calling for
civilian disarmament, the United Nations is taking advantage of the
Charleston shootings to join the chorus of confiscators.In a statement issued on June 19 by the United Nations Working Group of Experts on People of African Descent (yes, that actually exists), committee chairwoman Mireille Fanon Mendes-France demanded that “urgent measures must be taken to prevent gun violence.” Making a point of distinguishing this crime for its effect on “the security of Afro-Americans,” the UN group sent their “heartfelt condolences to the people of the United States of America.”
Read More @ TheNewAmerican.com
by Daisy Luther, Just Security:
This week, one government intelligence agency, after patiently and
methodically tracking a terrorist leader for months through precise
electronic surveillance, successfully targeted him for death by drone.
Also this week, a government intelligence agency eliminated a terrorist
leader through a drone strike without even knowing the leader was
present, basing its decision to use lethal force on sophisticated
analysis of militants’ patterns of life.
Bizarrely, this was the same agency, and this was the same terrorist leader.
On Tuesday, hardly before the dust in Yemen had settled, Bloomberg’s Eli Lake and Josh Rogin, relying on information provided by anonymous sources, supplied the public with the first narrative. In this version, the CIA killed Nasir al-Wuhayshi, “general manager” of al-Qaeda in the Arabian Peninsula, “by building a methodical case on his whereabouts over months from information collected through technical means.”
Read More @ JustSecurity.org
This week, one government intelligence agency, after patiently and
methodically tracking a terrorist leader for months through precise
electronic surveillance, successfully targeted him for death by drone.
Also this week, a government intelligence agency eliminated a terrorist
leader through a drone strike without even knowing the leader was
present, basing its decision to use lethal force on sophisticated
analysis of militants’ patterns of life.Bizarrely, this was the same agency, and this was the same terrorist leader.
On Tuesday, hardly before the dust in Yemen had settled, Bloomberg’s Eli Lake and Josh Rogin, relying on information provided by anonymous sources, supplied the public with the first narrative. In this version, the CIA killed Nasir al-Wuhayshi, “general manager” of al-Qaeda in the Arabian Peninsula, “by building a methodical case on his whereabouts over months from information collected through technical means.”
Read More @ JustSecurity.org
from TheAlexJonesChannel:
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