Wednesday, July 29, 2015

Flight MH370 Wreckage Found, Close To Madagascar


16 Months after Malaysia Airlines Flight MH370 disappeared off the coast of Malaysia, The Telegraph reports that fragments of a wing washed up in the French island of Reunion (near Madagascar) could be wreckage from the missing plane, according to an aviation expert.


If Spending Is Our Military Strategy, Our Strategy Is Bankrupt

US global superiority in military affairs is actually the superiority of a rich kid who thinks he’s really smart but in reality is merely just rich. When the seemingly endless flow of money slows (as it inevitably will), the mask of cleverness will fall. Everyone who resented the kid will be waiting at the edge of the playground for this day of reckoning, and because no one else will have been so dependent on spending-as-strategy, the erstwhile rich kid will find it tough going.


Total Collapse: Greece Reverts To Barter Economy For First Time Since Nazi Occupation


"He is going to pay me back in some sort of product when he is able to, maybe in cheese."




Meanwhile In Venezuela... The Socialist Paradise Has Arrived

As we recently warned, the hyperinflationary collapse in Venezuala 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).

Government of Venezuela Forces Farmers to Hand Over Food

by Daisy Luther, The Organic Prepper:

The government of Venezuela is playing Monopoly, but it isn’t the kind with those little plastic hotels.
They’re controlling essential goods like food, and putting the retail establishments of the country out of business.
According to a UK Telegraph report, the government is now forcing farmers and food manufacturers to sell anywhere from 30-100% of their products to the state, as opposed to stores and supermarkets.
There’s a pattern in collapses around the world
As countries around the world collapse, it’s very important that we take note of the ways that governments take steps to control their people. While no two countries have exactly the same situations, there are some very distinct patterns that we can identify, and this can help us to prepare for a similar scenario if it were to happen in the United States.
Read More @ TheOrganicPrepper.com




Bill Gross Explains (In 90 Seconds) How It's All A Big Shell Game

"All global financials markets are a shell game right now... There is no doubt that the price of assets right now is a question mark... and ultimately when Central Banks stop manipulating markets where that price goes is up for grabs... and probably points down"



In Latest Market-Rigging Scandal, ITG Busted For Frontrunning Clients In Its Dark Pool

Since the market is once again on the verge of a terminal liquidity seizure with its associated side-effects (see China for details), the authorities needed to remind the "market" just who the scapegoat will be when the next crash finally does come. Which is why earlier today in an unexpected "preliminary second quarter guidance" release, ITG, owner of the Posit dark pool, was just busted with a $22.6 million potential SEC settlement for what appears to have been blatant frontrunning of company clients in its own prop trading pod. But what is particularly amusing in this case is that while everyone knows that when it comes to HFT's, it is never called "rigging" - the proper nomenclature is "glitch", so now we learn a new term to use instead of "criminal frontrunning" - drumroll... trading experiment,




Chinese Stocks Open Lower As Margin Debt Tumbles To 4-Month Lows, Regulators Probe Officials' Sales

Following last night's afternoon session melt-up at the hands of a $100bn injection into China's sovereign rescue fund, Chinese stocks opened higher but faded fast, with no follow-through from yesterday's farce. With Warren Buffett's favorite indicator flashing red for China (and US) stocks, and so many rural Chinese citizens "just hoping to get out at breakeven," any assistance in levitating the nation's stocks are simply being sold into as margined traders unwind their positions. One such leveraged 'citizen' is none other than State-Owned-Enterprise GM Yang Shengjun, whose firm was ironically among the most vocal in blaming the crash on "malicious foreign sellers trying tio start an economic war" and is now under investigation for dumping his own shares... do as I say Chinese people, not as I do.




4 Mainstream Media Articles Mocking Gold That Should Make You Think

Religious imagery... peak condescension... everyone proclaiming "gold is dead"... In a nutshell, sentiment has plunged to negative levels not seen in years, if not more than a decade. Here are four mainstream media articles that provide some evidence we may be approaching a sentiment low. Some of them we're sure you’ve seen, others perhaps not. What amazes us is how they’ve all come out within the last two weeks.



The Economic And Financial Problems In Europe Are Only Just Beginning…

by Michael Snyder, End of The American Dream:
Right now, the financial world is focused on the breathtaking stock market crash in China, but don’t forget to keep an eye on what is happening in Europe.  Collectively, the European Union has a larger population than the United States, a larger economy than either the U.S. or China, and the banking system in Europe is the biggest on the planet by far.  So what happens in Europe really matters, and at this point the European economy is absolutely primed for a meltdown.  European debt levels have never been higher, European banks are absolutely loaded with non-performing loans and high-risk derivatives, and the unemployment rate in the eurozone is currently more than double the unemployment rate in the United States.  In all the euphoria surrounding the “deal” that temporarily kept Greece in the eurozone, I think that people have forgotten that the economic and financial fundamentals in Europe have continued to deteriorate.  Whether Greece ultimately leaves the eurozone or not, a great financial crisis is inevitably coming to Europe.  It is just a matter of time.
Read More…


Flamethrowers made in Metro Detroit are legal to manufacture, sell, own and use




Presenting Jeremy Grantham's "10 Topics To Ruin Your Summer"

In GMO’s latest quarterly missive, Jeremy Grantham is back with another dose of inconvenient truthiness, this time in the form of "ten quick topics to ruin your summer"...



filed under (unt

Hillary Saves Capitalism!

We don’t know what we would do without Ms.Clinton. How would we know, for example, how long we should hold an investment without her to tell us? She seems to believe that today’s average holding period is too short. It causes an obsession with short-term results that she calls “quarterly capitalism.” How will “working to end short-termism” help working families? How many months of holding an investment is acceptable to the Democratic Party’s front-runner? Why would anyone even think that Ms. Clinton – who has never held an honest job in the private sector – could possibly have any idea about how to save capitalism… or how long an investment should be held?



1 In 5 US Stocks Now In Bear Market

With the major US equity markets within 1-2% of their record highs, Gavekal Capital notes that underneath the headline indices, stock markets are extremely tumultuous. Rather stunningly 21% of MSCI USA stocks are at least 20% off their recent highs, and 68% of Canadian stocks are in bear markets, but the real carnage is taking place in Emerging Markets.



The War On Cash: Why Now?

Why are governments suddenly so keen to ban physical cash? The answer appears to be that the banks and government authorities are anticipating bail-ins, steeply negative interest rates and hefty fees on cash, and they want to close any opening regular depositors might have to escape these forms of officially sanctioned theft. The escape mechanism from bail-ins and fees on cash deposits is physical cash, and hence the sudden flurry of calls to eliminate cash as a relic of a bygone age — that is, an age when commoners had some way to safeguard their money from bail-ins and bankers’ control.



What Is The Fair Value Of Gold?

Having detailed yesterday the manipulation in the precious metals markets that implies the bear market in bullion is an artificial creation, we thought the following 'rational' chart effort at 'valuing' gold may provide some frame of reference for the level of riggedness occurring...




Congress Proposes Fraudulent New Law To "Fix" Social Security

When people think about Social Security, they think that all the problems are decades away. Wrong. The Disability Insurance (DI) fund reserves are expected to be depleted by next year. The other trust fund, OAS, is projected to “become depleted and unable to pay scheduled benefits in full on a timely basis in 2034.” Which means that if you’re 47 or younger, you can kiss Social Security goodbye. Not to worry, though. Congress is on the case... the only problem with their solution - it's fraud!



If Varoufakis Is Charged With Treason, Then Dijsselbloem Should Be As Well

If Greece does find it has a legal basis to criminally charge Varoufakis with treason merely for preparing for a Plan B, then it brings up an interesting question: if Varoufakis was a criminal merely for preparing for existing the Euro, then comparable treason charges should also be lobbed against none other than Varoufakis' nemesis - Eurogroup president and Dutch finance minister Jeroen Dijsselbloem.

China Rescue, VIX Crash, & Fed Pump Squeeze Shorts Most In 6 Months, Trannies Bounce Most Since 2011








This Is The Reason Why Facebook Is Sliding After Hours, Dragging Nasdaq Futures Lower

Moments ago, Facebook reported Q2 earnings and just like Twitter, it beat across all key financial metrics. So all should be well, and FB stock should be soaring. Alas for FB longs it isn't and at last check the stock was down by $5 or about 5% after hours, because algos were focused on one particular user growth metric: Daily active users (DAUs) - DAUs were 968 million on average for June 2015, an increase of 17% year-over-year.  This number was a fraction less than the 970.5 million consensus estimate, and because it brought up nightmare visions of what happened to Twitter stock overnight, which since earnings has plunged to near all time lows, is forcing traders to sell or short, if only now, and ask questions later.



President Obama Explains Where "The Economy Is Booming" (In 1 Cartoon)

Finally, an economic growth strategy...




Currency Devaluation: The Crushing Vice Of Price

Authorities pushing currency devaluation as a cure for their stagnating economies might want to study Frederic Bastiat's insight into the eventual cost and consequences: "For it almost always happens that when the immediate consequence is favorable, the later consequences are disastrous, and vice versa.”


"It Depends On What The Meaning Of The Word "Some" Is": Goldman Says Don'tt Read Too Much Into Fed Statement

When even Jon Hilsenrath is clueless what the Fed is trying to say, we go with old faithful, the company that runs the NY Fed, Goldman Sachs. Here is Jan Hatzius' take. "The statement following today's FOMC meeting made relatively few changes compared to June, and did not affect our view that the first rate hike is most likely to occur in December. The most notable change was the addition of the word "some" in the committee's description of desired progress in the labor market."



Damn It, Janet - Act Now, Before It Is Too Late!!

Given the irrefutable historical testimony of the disasters which ensue once a construction boom takes full rootand also given both the empirical and Austrian-theoretic conclusion that this is one of the most interest rate sensitive sectors in the economycan we please act now, before it is too late, Janet?



VIX "Flash-Crashes" To 11 Handle After Dovish Fed Statement

We assume this means the 'market' will break before the close unless we make new highs...



Fed Mouthpiece Hilsenrath Confirms Inflation Concerns May Delay "Liftoff"

"The Federal Reserve on Wednesday kept interest rates near zero but cited progress in the U.S. job market, a sign it remains on course to raise interest rates in September or later this year. At the same time, however, it flagged a nagging concern about low inflation, which is creating caution among officials and could convince them to delay the day of the first increase."

Fed Finishes 54th Consecutive Meeting With No Hike, Hints At Dovish Delay

With no press conference, expectations were muted going in (aside from the ubiquitous VIX-dip, equity market rip that happens at every FOMC meeting) but seemed to hint at delaying a September/December liftoff is on the cards - needing more job improvement...
  • *FED SAYS LABOR MARKET CONTINUED TO IMPROVE, JOB GAINS `SOLID'
  • *FED REPEATS RISKS TO ECONOMY, JOB OUTLOOKS `NEARLY BALANCED'
  • *FED: RATE TO RISE AFTER `SOME FURTHER' JOB MARKET IMPROVEMENT
And so the confusion continues... the jobs market is telling the Fed one thing, while inflation (held down by a lackluster Chinese demand which has in turn exacerbated a global deflationary supply glut) is saying something different, and remember 25bps doesn't matter (just like subprime was "contained"). Full redline below.
Pre-Fed: S&P Futs 2096.00, 10Y 2.2880%, Gold $1095, EURUSD 1.1050, VIX 12.92




Pre-FOMC Humor: Bubbles Everywhere... And Now In Space

Gazing from the windows of the International Space Station with your economic eyeglasses on, earth is now a pool of festering asset bubbles ready to burst with The FOMC not about to ruin that party anytime soon. Not to be left out, astronaut Terry Virts created his very own effervescence as bubbles have now reached space...



Record Foreign Central Bank Demand Leads To Blistering 5 Year Auction

If yesterday's 3 Year auction was far stronger than expected, then today's 5 Year auction was an absolute whopper, printing moments ago at a high yield of 1.625%, 0.5bps through the When Issued, but it was the internals that were most impressive, not so much the Bid to Cover which jumped from 2.39 to 2.58, the highest since November, but the real stunner just like in yesterday 3Y auction, was the central bank, aka Indirect, interest because while the foreign central bank bid in yesterday's 3 Year auction were the highest since 2009, today's 67.5% Indirect takedown was the strongest on record!



Janet Yellen Can't Pop The Biotech Bubble (But The SF Gate Can)

Biotech has a special place in the heart of the gambler investor. In the modern market where the average investor doesn't stand a chance, some of them indulge their hope and turn to lottery tickets. If only they can get the next Gilead or the next Amgen, they will become the next wildly successful "maverick" investor. More lottery tickets seem to be flying around than usual lately, floating alongside the recent biotech bubble. Some have doubted if this is a bubble. Maybe it's different this time. The SF Gate pondered this exact same question 15 years ago, and the market promptly replied.

UK Thought Police Arresting People Who May Offend Muslims

from PrisonPlanetLive:




A “No-Fly Zone” By Any Other Name – The “ISIL-Free Zone” In Syria

by Brandon Turbeville, Activist Post:
As the NATO Article 4 meeting concludes with little or no fanfare and no major decisions made regarding a “no-fly zone” over Syria, many onlookers may take the opportunity to sit back in satisfaction that the meeting was concluded without any announcement of further direct military involvement in Syrian affairs. For many, the lackluster meeting was simply more proof that Turkey and the United States will not attempt a frontal assault on the Middle Eastern country.
Unfortunately, however, the big decision was not made at the NATO Article 4 meeting, it was made bilaterally days before between Turkey and the United States.
The new agreement effectively creates a “buffer zone” that will span from the Turkish border line into Syria. It will extend from Azaz in the East to Jarablus in the West and as far south as al-Bab. The width of the zone would be about 68 miles and would extend around 40 miles deep into Syria, right on the doorstep of Aleppo.
Read More @ ActivistPost.com

Middle Class Disappearing as Trillions in Debt Crushing Americans

from TheMoneyGPS:



I hope they go down in Flames...

McDonald’s Global Profits Are Continuing to Fall

by Anthony Gucciardi, Natural Society:
The decline of fast food giant McDonald’s continues in full swing, as the company reports yet another quarter of ‘disappointing’ global losses.
I’ve been telling you about McDonald’s decline for quite some time now, as millions of informed eaters continue to turn to higher quality food options when it comes to feeding themselves and their families. More and more individuals are realizing what’s really in their food, and they’re taking action. And as they begin to read food labels, research toxic additives, and even find out about GMOs, McDonald’s is always a ‘poster child’ for everything wrong with the food industry.
That’s why, as you may remember, McDonald’s has decided to stop reporting their monthly losses altogether to their investors. Because they’re losing so many customers, and even major news outlets are highlighting the company’s demise.
Read More @ NaturalSociety.com

Is It Time to Buy Metals?

by Avi Gilburt, GoldSeek:
When the market made it clear three years ago that much lower levels were going to be seen, as the bottoming set up we were tracking was invalidated in June of 2012, I put out the lower targets we have had on our metals charts for the last three years. And, during those last few years, many of you have questioned me about us being able to strike those targets, as they seemed too unbelievable to most. In fact, I have been warned by many market participants, as well as other analysts, that if I wait for my targets, I will likely miss the next bull market. Well, I don’t think we have missed much, and, in fact, have done quite well with our short side trades.
With the markets now dropping towards our long term buying zones, the most common question I am asked is “do we buy now?” And, much of the answer depends on your risk tolerance perspective. But, for those that are not trying to perfectly time the market, the answer is “yes,” if you already do not have initial positions in this market. But, if you do, please do keep in mind that the “potential” still exists that silver can see the as low as the $10 region (ideal target has been 12.75), whereas GLD can still drop as low as the 75 region (ideal target has been 98) in an overemotional capitulation event, which I have warned about for quite some time.
Read More @ GoldSeek.com

Are You Prepared For The Coming Collapse Pt2

from Prepper Recon:



Here is part two of my appearance as a guest with David Kobler on Today’s Survival Show. We discuss practical prepping tips and how to be better prepared for the inevitable collapse. If you enjoy the show, please like and subscribe!

Gold Manipulation: It’s Much Bigger Than You Think

by Dave Kranzler, Investment Research Dynamics:
The gold price manipulation scheme will go down as the biggest financial market scandal in US history for numerous reasons. They include the destruction of the free market system in the United States. The manipulation of the gold and silver prices eventually led to the manipulation of US interest rates via the Fed, the stock market via the Plunge Protection Team, and to the currency markets. – Bill Murphy, GATA.org
The gold manipulation scheme has taken on historic proportions. It’s been going on for several decades – witness the London gold pools of the 1960’s which were implemented to prevent the price of gold from taking off because the U.S. was running out of gold with which to back the Treasury debt it had issued to foreign creditors who were redeeming their Treasury notes for gold per the Bretton Woods Agreement.
Read More @ InvestmentResearchDynamics.com

MUST WATCH – HR 2899: On FEMA Camps and Rounding Up Radicalized Americans (Political Dissidents)

[Ed. Note: We recently reported on HR 2899 (the Countering Violent Extremism Act of 2015 Bill) citing the increasingly quantifiable potential for the US government to begin imprisoning “radicalized” Americans in FEMA camps. Not having access to all of the Bill’s amendments, we later realized that we may have jumped the gun on the FEMA camps claim as it pertains to HR 2899 specifically. However, in this important video Waldemar Perez from Verify Events Research explains how we may have gotten it right, and that the US government’s plans to imprison American “dissidents” is underway and well documented.]
from Verify Events Research:



This Verify Events Research video is to discuss/clarify the new bill HR 2899 and to talk about the far more chilling document FM 3-39.40 “Internment and Resettlement Operations” Army manual published in 2010 and 2013 and to put both documents in the proper historical and contemporary context.

AMA declares war on natural doctors, proposes gag order to silence progressive physicians like Dr. Oz

by Ethan A. Huff, Natural News:
The same organization that has been trying to shut down chiropractic since at least the 1960s is now going after medical professionals like Dr. Mehmet Oz who have the opportunity to speak on television about the latest advancements in medicine. The American Medical Association (AMA) used the words “actively defend” to describe the intent of its new guidelines for the medical profession that threaten to muzzle progressive doctors from exercising their freedom of speech on the national stage.
For a group whose professional membership represents a mere 17 percent of all medical doctors, the AMA sure has a lot of gall trying to police the entire medical industry with its own opinions on science. The AMA apparently sees itself as the gatekeeper of all scientific knowledge even though the group maintains an ironic position of clinging to the most outmoded dinosaur science at the expense of medical progress.
Read More @ NaturalNews.com

An Expert That Correctly Called The Last Two Stock Market Crashes Is Now Predicting Another One

by Michael Snyder, The Economic Collapse Blog:
What I am about to share with you is quite stunning.  A well-respected financial expert that correctly predicted the last two stock market crashes is now warning that we are right on the verge of the next one.  John Hussman is a former professor of economics and international finance at the University of Michigan, and the information in his latest weekly market comment is staggering.  Since 1970, there have only been a handful of times when a combination of market signals that Hussman uses have indicated that a major market peak has been reached.  In 1972, 2000 and 2007 each of those peaks was followed by a dramatic stock market crash.  Now, for the first time since the last financial crisis, all four of those signals appeared once again during the week of July 17th.  If Hussman’s analysis is correct, this could very well mean that the next great stock market crash in the United States is imminent.
Read More…

Canada is a Tinpot Dictatorship

from corbettreport:



The Reality Of A Massive Market Crash: “I Have Lost Everything… I Don’t Know What To Do… I Trusted the Government Too Much…”

by Mac Slavo, SHTFPlan:
In April of this year, as Chinese stock markets rocketed to new all-time highs and the country’s speculators joined online brokerage firms by the millions, we learned that everyone, from farmers to banana stand workers, was joining the fray. It was different this time, of course, because infinite growth was guaranteed by the government, so there was no risk, only profit.
It was then that we shared the following picture of the modern-day shoeshine boy, noting at the time that it was the only thing you needed to see to know it was time to get out of stocks:
Read More @ SHTFPlan.com

The Litigators of War

by Dr. Jeffrey Lewis, Silver-coin-investor:
Remember the Transpacific Partnership? The TPP?
The majority do not.
And speaking of memories, here’s a blast from the past. A Charlie Rose interview from 1994 with Sir James Goldsmith discussing the so called benefits, and the actual effects of “Free Trade”.
What does all this have to do with silver and precious metals?
Seen through the lens of an artificially priced commodity is an excellent vantage point for gauging the true motivations beneath the surface propaganda. Profit trumps the greater conspiracies. And perhaps more importantly, the flagrant disregard of process and human dignity.
Read More @ Silver-coin-investor.com

Just Look at Who’s Shorting Gold, Now Do the Opposite | McAlvany Weekly Commentary

from McalvanyFinancial:





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