The Federal Reserve Injects Yet Another Dose Of Heroin Into This Market

from Gregory Mannarino:

Fed Reporter Pedro Da Costa Is Leaving The Wall Street Journal After Asking Yellen "Uncomfortable" Questions

Submitted by Tyler Durden on 07/30/2015 - 10:44

The Summation Of All Fears

Submitted by Tyler Durden on 07/30/2015 - 11:10 This negative breadth signal has an ominous long-term track record. The 59 occurrences all took place in 4 distinct periods, though most of them happened within 2 clusters: August 1972 (13), November 1999-March 2000 (44), September 2007 (1), July 2015 (1)

"Say A Little Prayer" Bill Gross Warns, "Zombie Corporations Now Roam The Real Economy"

Submitted by Tyler Durden on 07/30/2015 - 10:24 Having exposed the reality that the world's capital markets are a manipulated shell game, Janus' Bill Gross has a message for the perpetual bulls in his latest letter to investors - "say a little prayer." Gross continues, "low interest rates are not the cure – they are part of the problem," warning that ZIRP has enabled, "a host of zombie and future zombie corporations now roam the real economy. Schumpeter’s 'creative destruction' – the supposed heart of capitalistic progress – has been neutered. The old remains in place, and new investment is stifled." As he previously warned, when the central bank manipulation is removed the likely trajectory of prices is downward...

70% Of Americans See Economy Worsening, Consumer Comfort Collapses By Most In 10 Month

Submitted by Tyler Durden on 07/30/2015 - 09:58 With stocks just 1-2% from record highs, because China is fixed, oil is recovering, Europe is awesome, and gas prices are low? it appears the talking heads forgot to tell the 'people' how great things are. Bloomberg's Consumer Comfort index plunged (by the most since Sept 2014) to hover at 18 month lows as 70% of Americans see the state of the economy as negative. Rather amusingly an intriguing 1% of Americans see the state of the economy as 'excellent' - wonder which 1% that is...

Concentration Camps In America?

from The Sleuth Journal:
Post-9/11 repressive laws transformed America into a police state. US prisons already overflow with political and other unjustly incarcerated victims.
It’s a short leap to filling concentration camps with dissidents – anyone publicly opposing America run by monied interests and warlords, governed lawlessly, waging endless wars of aggression abroad, persecuting its own people, leaving anyone potentially vulnerable to abuse.
FEMA detention camps were established years ago. Perhaps many more are planned. They’re used to incarcerate undocumented immigrants before deportations to countries of origin.
Read More @ Thesleuthjournal.com

Oligarchy In D.C. To Create Insidious New DHS Gov Agency: Countering Violent Extremism (CVE)

by Sword at the Ready, Investment Watch Blog:
CVE will become the American Gestapo – a Federal agency that will target Christians, Conservatives,  and anti-Establishment/Big Government organizations and groups.  But not Muslims.
Remember the IRS targeting of Conservative groups that got no media attention?  Remember the 2009 DHS Terror Assessment that lists “Right wing” Christians, Conservatives, Vets and anti-establishment groups as Domestic Terrorists,but made no mention of Islam or Jihad?
Well, this is the IRS scandal on steroids and INSTITUTIONALIZED.   House Bill 2899 establishes a permanent agency under the umbrella of DHS, tasked with ‘countering violent extremism’.  What that really means is that this agency will be charged to go after, shut down and eliminate any and all opposition to the Oligarchy, the Imperial Executive and their PC agendas in Washington.  This all being done under the guise that they are countering ‘dangerous violent extremism’, except that they do not define what ‘dangerous violent extremism’ is outside of simply stating that that ‘violent extremism’ is ideologically motivated terrorist activities – leaving which ideologies that will be targeted ‘open to interpretation’ of what groups pose a threat to the nation.
Read More @ Investmentwatchblog.com

Lagarde Says No To IMF Aid For Greece

Submitted by Tyler Durden on 07/30/2015 - 09:43 "The International Monetary Fund’s board has been told Athens’ high debt levels and poor record of implementing reforms disqualify Greece from a third IMF bailout of the country, raising new questions over whether the institution will join the EU’s latest financial rescue."

This Is How The Much Anticipated "Second Seasonal Adjustment" Affected Q1 GDP

Submitted by Tyler Durden on 07/30/2015 - 09:36 A look at the internals reveals a major surprise - while many said that the Q1 economy does not expose the true strength of the US consumer (instead of shopping in stores, they shopped online which wasn't captured or comparable), what actually happened was that Personal Consumption Expenditures as a % of GDP actually declined from 1.4% to 1.2% when netting out the harsh winter impact. As in the real economic driver was even weaker and this time you can't blame it on the weather!

"Bad News Is Bad News"? 30Y Yield Plunges Under 3.00%, Stocks & USD Slide After GDP Miss

Submitted by Tyler Durden on 07/30/2015 - 09:08 Is bad news, bad news again?

Blankfein Warns Of "Jarring" Jolt From Fed Rate Hike

Submitted by Tyler Durden on 07/30/2015 - 09:02 "Well, I think it will be jarring when we see an interest rate hike. People will get out the smelling salts."
"No question that low interest rates have exacerbated the wealth gap between the poor and the rich because the rich have assets."

US Economy Grew Less Than Expected In Q2: Worst Economic Recovery Since WWII Revised Even Weaker

Submitted by Tyler Durden on 07/30/2015 - 08:43 The worst "economic expansion" in history was even worse than previously expected.

Initial Jobless Claims Tick Up, Hover Near 42 Year Lows

Submitted by Tyler Durden on 07/30/2015 - 08:36 Initial jobless claims rose 12k last week to 267k but remains zero-interest-rate-dismissingly close to 42 year lows...

The Energy Layoffs Resume: Shell Fires 6,500, Whiting Cuts 2015 Budget 2 Weeks After Raising It

Submitted by Tyler Durden on 07/30/2015 - 08:12 Yesterday it was US and Italian energy giants Chevron and Saipem which announced a total of over 10,000 new job cuts in the aftermath of oil sliding back under $50 and resuming its downward trend. Today, we got more confirmation of this when Royal Dutch Shell, still basking in the glow of its proposed $70 billion mega-acquisition of BG Group, announced it would axe 6,500 jobs this year and step up spending cuts, responding to an extended period of lower oil prices which contributed to a 37 percent drop in the oil and gas group's second-quarter profits.

An Exasperated Tsipras Calls For Syriza Referendum On Bailout Cancellation

Submitted by Tyler Durden on 07/30/2015 - 07:51 Speaking to a gathering of some 200 Syriza lawmakers on Wednesday, Greek PM Alexis Tsipras drew a line in the sand, insisting that the divisions within the party cannot persist. In a dramatic move, Tsipras called for a party referendum on Sunday to decide once and for all whether Syriza lawmakers will support the bailout or push for its cancellation.

Chinese Stocks Tumble In Close Of Trading "Causing Panic", US GDP To Be Revised Higher On Seasonal Adjustments

Submitted by Tyler Durden on 07/30/2015 - 06:54 We start off the overnight wrap up with the usual place, China, where in a mirror image of Wednesday's action, stocks once again started off uneventful, then gradually rose in the afternoon session and meandered near unchanged territory until the last half hour, when out of the blue they tumbled to close near the day's low, some 2.2% below yesterday's closing level.  What caused it?  One possible catalyst came from Reuters which reported that that Chinese banks were investigating their exposure to the stock market via wealth management products and loans backed by stock as collateral. 

The South American Financial Crisis Of 2015

by Michael Snyder, The Economic Collapse Blog:
Most nations in South America are either already experiencing an economic recession or are right on the verge of one.  In general, South American economies are very heavily dependent on exports, and right now they are being absolutely shredded by the twin blades of a commodity price collapse and a skyrocketing U.S. dollar.  During the boom times in South America, governments and businesses loaded up on tremendous amounts of debt.  Since much of that debt was denominated in U.S. dollars, South American borrowers are now finding that it takes much more of their own local currencies to service and pay back those debts.  At the same time, there is much less demand for commodities being produced by South American nations in the international marketplace.  As a result, South America is heading into a full-blown financial crisis which will cause years of pain for the entire continent.
If you know your financial history, then you know that we have seen this exact same scenario play out before in various parts of the world.  The following comes from a recent CNN article…
Read More…

Remember “500 Days to Climate Chaos”? Pope to Give Sermon at Ground Zero on the 500th Day

by Melissa Dykes, TruthStreamMedia:
Back on May 13, 2014, French foreign minister Laurent Fabius made a joint appearance with Secretary of State John Kerry to warn the world that we only had 500 days left until “climate chaos.”
Here are his exact words on that day:

Well, I’m very happy to be with John. There is no week without a phone call or a visit between John and myself, and we have on the agenda many items, many issues – Iran, because negotiations are resuming today; the question of Syria, and we shall meet next Thursday in London together; Ukraine as well; and very important issues, issue of climate change, climate chaos. And we have – as I said, we have 500 days to avoid climate chaos. And I know that President Obama and John Kerry himself are committed on this subject and I’m sure that with them, with a lot of other friends, we shall be able to reach success on this very important matter. (source)

Read More @ TRUTHStreamMedia.com

5 Minutes Of The Greatest Truth Never Told

from TruthNeverTold:

Affirmatively destroying America’s neighborhoods in the war on suburbia

from Personal Liberty:
Few of us understand patient gradualism. We live and have our being within a few years and mostly in an unconscious automated state of mind.
But people in power are long-term planners. They absolutely understand human nature and how to channel it to the evolution and refinement of the authoritarian state.
Authoritarianism is based on long-term planning. Authoritarianism is a philosophy of collectivism. Some call it democracy. Some call it communism. Some call it fascism. Some call it National Socialism. But whatever you call it, it is all collectivism or authoritarianism; and in its ultimate form it is globalism.
Read More @ PersonalLiberty.com

Trump Heard What Obama Said About Running Again, Fired Back With 3 PERFECT Sentences

from Western Journalism:



Presidential candidate Donald Trump begs to differ with President Barack Obama’s assessment that if he ran for a third term, he could win it.
Obama made the prediction, in a light-hearted fashion, while addressing the African Congress on Tuesday:
I have to also say that Africa’s democratic progress is also at risk when leaders refuse to step aside when their terms end…I am in my second term… I love my work. But under our Constitution, I cannot run again… I actually think I’m a pretty good President — I think if I ran I could win.
Read More @ WesternJournalism.com

JIM WILLIE: THE COMING GLOBAL RESET

from TRUNews:

Americans’ Economic Confidence Gets Mauled

from Wolf Street:
This is one of those things that at first gets ascribed to sampling error or a statistical fluke or the weather or something, but then it wobbles lower month after month, in crass defiance of all rosy scenarios that had been so carefully laid out, and confirmations are hailing down from other directions, and suddenly it’s serious.
In early January, the economic confidence of Americans had reached the highest level in the Economic Confidence Index since Gallup started tracking the data in 2008. At +5 in January, the index wasn’t particularly high. But most Americans don’t live in the glorious Fed-goosed Wall-Street economy. They live in the real economy. And there, things have been tough.
Read More @ Wolfstreet.com

The War On Cash – Mike Maloney

from WhyGoldandSilver:



One morning ...you will wake to this...

Meanwhile In Venezuela… Collapse Going Terminal

The Socialist Paradise Has Arrived
from Zero Hedge:



As we recently warned, the hyperinflationary collapse in Venezuela is reaching its terminal phase. With inflation soaring at least 65%, murder rates the 2nd highest in the world, and chronic food (and toilet paper shortages), the following disturbing clip shows what is rapidly becoming major social unrest in the Maduro’s socialist paradise… and perhaps more importantly, Venezuela shows us what the end game for every fiat money system looks like (and perhaps Janet and her colleagues should remember that).
Read More @ ZeroHedge.com

ETF Trading Volume Eclipses US GDP

Submitted by Tyler Durden on 07/30/2015 - 11:35 "In the past 12 months investors traded $18.2 trillion worth of ETF shares. For perspective, that means the amount of dollars exchanging hands through ETFs is now more than the U.S. gross domestic product, which stands at $17.4 trillion," Bloomberg reports. Or, put differently, the financial apocalypse draws near.


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