"Time is now rapidly running out," warns The Telegraph's John Ficenec as the British paper takes a deep dive into the dark realities behind the mainstream media headlines continued faith in central planning. Sounding very "Zero Hedge", Ficenec warns that from China to Brazil, the central banks have lost control and at the same time the global economy is grinding to a halt. It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations.
from Western Journalism:
Republican presidential candidate Donald Trump on Friday predicted that
“huge problems” will derail Hillary Clinton’s campaign, preventing her
from emerging as the Democratic candidate for president. Trump, noting
strong support in post-debate polling over the past week, also said he
fully expects to win the GOP contest.
“It just looks like Hillary is going to not be able to run. It looks to me like that’s what’s going to happen,” Trump told Breitbart News. “I think it’s unlikely if you look at what she’s done. What she’s done is ten times worse than what General Petraeus did—far more sensitive documents, top-of-the-line sensitive documents, far more of them. What she did is ten times worse. It destroyed him, so I don’t see how she’s going to possibly be able to run. It’s pretty conclusive right now, too.”
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Republican presidential candidate Donald Trump on Friday predicted that
“huge problems” will derail Hillary Clinton’s campaign, preventing her
from emerging as the Democratic candidate for president. Trump, noting
strong support in post-debate polling over the past week, also said he
fully expects to win the GOP contest.“It just looks like Hillary is going to not be able to run. It looks to me like that’s what’s going to happen,” Trump told Breitbart News. “I think it’s unlikely if you look at what she’s done. What she’s done is ten times worse than what General Petraeus did—far more sensitive documents, top-of-the-line sensitive documents, far more of them. What she did is ten times worse. It destroyed him, so I don’t see how she’s going to possibly be able to run. It’s pretty conclusive right now, too.”
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Jessie Ventura Endorses Donald Trump, Wants To Be His Running Mate
Submitted by Tyler Durden on 08/17/2015 - 09:35 “These insiders to our government... Trump has scared the hell out of them, because as you said, they can’t control him,”
Turkey Declares Curfew In Latest Wartime Escalation, Lira In Record Plunge On More Government Turmoil
Submitted by Tyler Durden on 08/17/2015 - 11:11 In what looks like the latest escalation in a string of wartime crackdowns, Turkey has declared a curfew for citizens of Lice, a district of Diyarbakir province. As Bloomberg reports, “citizens are prohibited from going out on streets from 9pm tonight until 7am on Tuesday.” Additionally, “the Governor of Diyarbakir [has] declared ‘special security zones’ in Silvan, Lice, Kulp and Dicle,” citing the PKK “terror” threat.
Dow Surges 200 Points "Off The Lows"
Submitted by Tyler Durden on 08/17/2015 - 11:10 We suspect Goldman's buyback desk is busy again...
Why Everyone Is So Nervous About What China Does Next, In One Chart
Submitted by Tyler Durden on 08/17/2015 - 10:44 Here, in one chart, is the reason why anyone following China's devaluation is very nervous. And if they aren't yet, they should be. As Goldman explains, "if the recent CNY moves are the start of a journey, even undoing half of the accumulated trade-weighted appreciation of the last three years, this may provoke a meaningful additional bout of currency depreciation across the EM complex."
from USA Watchdog:
Financial writer and trader Gregory Mannarino predicts that big debt defaults are coming.
Mannarino contends, “We are starting to see this with Greece and Puerto Rico here. It’s everywhere. This is a global problem and it’s going to engulf the world. This debt problem is going to swallow the earth. They have done this on purpose. They cannot be this stupid. . . . They are doing this on purpose and there is going to be no soft landing. It is a global issue and it is going to implode.”
Mannarino says the current financial system is dying and it was designed to die. Mannarino explains, “It’s a debt based system, and we are at the end of it now—period. This is why this is occurring—why? We are seeing equities inflate while we are seeing deflationary spiral with commodities, and it may get worse. People are going to start to realize that the debt is no good, and then cash is no good.
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Financial writer and trader Gregory Mannarino predicts that big debt defaults are coming.
Mannarino contends, “We are starting to see this with Greece and Puerto Rico here. It’s everywhere. This is a global problem and it’s going to engulf the world. This debt problem is going to swallow the earth. They have done this on purpose. They cannot be this stupid. . . . They are doing this on purpose and there is going to be no soft landing. It is a global issue and it is going to implode.”
Mannarino says the current financial system is dying and it was designed to die. Mannarino explains, “It’s a debt based system, and we are at the end of it now—period. This is why this is occurring—why? We are seeing equities inflate while we are seeing deflationary spiral with commodities, and it may get worse. People are going to start to realize that the debt is no good, and then cash is no good.
Read More
Volume Crash Sparks Monday Meltup In Stocks
Submitted by Tyler Durden on 08/17/2015 - 10:27 The US equity markets stumbled out of the gate as the S&P 500 slipped back down to test its 200-day moving average. Then as volume dried up, the inevitable occurred - an algo-driven vertical melt-up pushing stocks back to unchanged... Crucially, undelying this 'panic-buying' is only 35% of stocks are advancing!!
Homebuilder Confidence Jumps To 10 Year Highs As Lumber Prices, New Home Sales Slump
Submitted by Tyler Durden on 08/17/2015 - 10:06 NAHB Sentiment jumped to 61 - the highest since 2005 - despite weakening new home sales and collapsing lumber prices. Housing Starts also remain tepid (especially compared to 2005 levels) but hope springs eternal for an industry almost 100% reliant on hope. Prospective buyer traffic rose 2 points as Northeast saw a drop as West and South saw modest increases.
Funds For Fracking Finally Dry Up: One Last Hail Mary Pass Remains
Submitted by Tyler Durden on 08/17/2015 - 09:58 Is Saudi Arabia on the verge of winning the war on US Shale firms? It appears the spigot of malinvestment-subsidizing liquidity that kept numerous zombie energy firms alive has been shut off almost entirely. As oil prices return to cycle lows, so credit risk has spiked to record highs and issuance of life-giving bonds has collapsed. As Reuters reports, this has opened up opportunities for deep-pocketed private equity firms to push for restructuring or buy assets as many oil companies need cash to replenish banks' slimmed-down lending facilities, service their bonds and finance drilling of new wells to keep pumping oil and sustain cash flow. But hope is fading as one private equity form CEO warns "I would say, this is a good time to be careful when it comes to investing in energy."
by Jeff Nielson, Bullion Bulls:
This was a difficult piece to write, and an equally difficult piece to
title, because the people who most need to see this message are
simultaneously the least-likely to read it. How do you steal anything?
Boiled down, there are only two procedures: doing so via brute-force
(i.e. robbery), or doing so by deception (i.e. fraud).
This is primarily a warning about the latter form of stealing, although ultimately there will be brute-force employed, for any who attempt to resist the mass-foreclosures and mass-evictions which are now imminent. To explain how your land will be stolen from (most of) you – by fraud – first requires a brief lesson in economics, conducted via a simple, hypothetical scenario.
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This was a difficult piece to write, and an equally difficult piece to
title, because the people who most need to see this message are
simultaneously the least-likely to read it. How do you steal anything?
Boiled down, there are only two procedures: doing so via brute-force
(i.e. robbery), or doing so by deception (i.e. fraud).This is primarily a warning about the latter form of stealing, although ultimately there will be brute-force employed, for any who attempt to resist the mass-foreclosures and mass-evictions which are now imminent. To explain how your land will be stolen from (most of) you – by fraud – first requires a brief lesson in economics, conducted via a simple, hypothetical scenario.
Read More
My guess... is that they had a new city planned to be built in that location...and needed it cleared for the project...
Poison Rain Feared In Tianjin As Death Toll Rumored At 1,400
Submitted by Tyler Durden on 08/17/2015 - 08:50 The fallout from last week’s massive explosion in the Chinese port of Tianjin continues to worsen, despite Beijing’s best efforts to play down the danger to the public. The death toll from the apocalyptic blast - which was described by witnesses as akin to a nuclear explosion - has risen above 100 with 114 people confirmed killed and more than 700 injured. Some 6,000 have been displaced. Authorities now fear that storms in the area could transform sodium cyanide (which is water soluble) present on the scene into hydrogen cyanide, which is "rapidly fatal."
15 Dead After Large Explosion Rips Through Central Bangkok
Submitted by Tyler Durden on 08/17/2015 - 08:49 "The BBC's Jonathan Head, who is at the scene, says there appear to be both dead and injured, amid a huge amount of chaos. There are burnt motorbikes on the main road, with paramedics and police trying to take the injured away, he says."
Bonds & Bullion Surge, Stocks & USD Purge As Fed Credibility Questioned
Submitted by Tyler Durden on 08/17/2015 - 08:48 It appears faith in The Fed is falling. A disastrous Empire Fed print (following weak Japan growth overnight) has led to a decidedly risk off move this morning. The move seems to signal like a "QE4"-on trade (USD down, bonds bid, PMs up) but the equity market weakness suggests trust that the recovery hope The Fed keeps spewing just is not there... in other words - for stocks, "bad" news is no longer good news as the narrative begins to break...
Empire Fed Collapses To Six Year Lows As New Orders Signal Recession Imminent
Submitted by Tyler Durden on 08/17/2015 - 08:36 Having 'stabilized' in recent months, The Empire Fed Manufacturing Survey just collapsed to -14.92 (from 3.86) missing expectations of 4.50 by the biggest margin since 2010. Across the board it was a bloodbath with New Orders crashing, inventories plunging and employment lower (with both workweek and number of employees falling). The headline data would have been worse were it not for the concurrent spike in 'hope' - highest since April.
Copper & Crude Carnage Continues
Submitted by Tyler Durden on 08/17/2015 - 08:25 Perhaps at the margin, weak Japanese GDP - as it heads for a quintuple-dip recession - could be today's catalyst but both crude and copper prices are re-tumbling this morning, pressing cycle lows. The USDollar is drifting higher and dos not appear a major driver today. However, broadly speaking malinvestment-driven overcapacity and the collapse of fake credit-fueled demand continue to provide the backdrop for commodity carnage...RANSQUAWK WEEK AHEAD VIDEO - 17th August - Markets remain concerned about China, key releases include US CPI and FOMC Minutes
Submitted by RANSquawk Video on 08/17/2015 - 08:19- Markets will be keeping a close an eye on what action/if any the PBoC take to try and keep Chinese growth prospects on course.
- Main releases this week come in the form of US and UK CPI reports and the FOMC minutes release
Key Events In The Coming Week: FOMC, Housing Starts, CPI, TIC Data
Submitted by Tyler Durden on 08/17/2015 - 08:10 It was a quiet start to the week today with just the June Euro area trade balance (which rose €21.9bn vs €23.1 bn expected, up from €21.3 bn) in the European timezone and Empire manufacturing and NAHB housing market index for August this afternoon in the US. Under the radar, but perhaps the most news today, is the June TIC data which will likely confirm the ongoing liquidation of "FX Reserves" aka TSYs by "Belgium" aka China. Expect another $15-20 billion drop in Belgian Treasury holdings in the month of June.filed under (unt
from Bill Still:
from What Really Happened:
The crimes, lies, and frauds of the Clintons are epic in scale, scope,
and sheer audacity! Herewith is a by no means all-inclusive telling of
the duo of deception, the marriage of mendacity, the couple of
corruption!
“Edmund” Hillary.
Hillary claims she was named after Sir Edmund Hillary, the first man known to have successfully climbed Mt. Everest and make it back down alive.
Hillary was born October 26, 1947. Sir Edmund Hillary reached the summit of Everest on May 29th, 1953, when Hillary Clinton was already approaching her sixth birthday!
Read More
The crimes, lies, and frauds of the Clintons are epic in scale, scope,
and sheer audacity! Herewith is a by no means all-inclusive telling of
the duo of deception, the marriage of mendacity, the couple of
corruption!“Edmund” Hillary.
Hillary claims she was named after Sir Edmund Hillary, the first man known to have successfully climbed Mt. Everest and make it back down alive.
Hillary was born October 26, 1947. Sir Edmund Hillary reached the summit of Everest on May 29th, 1953, when Hillary Clinton was already approaching her sixth birthday!
Read More
In this day of paychecks that are stretched to the limit, it can be
difficult to imagine taking on anything else that will cost money.
Despite that, if you are interested in preparedness, you know that it’s
wise to have a food supply on hand that will see you through a basic emergency.I always recommend that you get started by planning for a two-week emergency. What kind of emergency, you may be asking?
Well, the best kind of prepping will be so versatile that it will see you through a personal financial issue, an extended power outage, or being confined to your home for a period of time due to a blizzard or civil unrest.
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from The Sleuth Journal:
“The conscious and intelligent manipulation of the organized habits and
opinions of the masses is an important element in democratic society,”
Edward Bernays observed
almost a century ago. “Those who manipulate this unseen mechanism of
society constitute an invisible government which is the true ruling
power of our country.” Bernays’ insight reflects the view of corporate
statists he regularly commissioned with.
Intertwined with complex public relations exercises, corporate news media’s role today has far less to do with informing the public than it does with maintaining a perpetual tension and anxiety throughout the body politic. Through such tension the citizenry will further gravitate toward or even consciously advocate for heightened police state measures now peddled a prerequisite for public safety.
Read More
“The conscious and intelligent manipulation of the organized habits and
opinions of the masses is an important element in democratic society,”
Edward Bernays observed
almost a century ago. “Those who manipulate this unseen mechanism of
society constitute an invisible government which is the true ruling
power of our country.” Bernays’ insight reflects the view of corporate
statists he regularly commissioned with.Intertwined with complex public relations exercises, corporate news media’s role today has far less to do with informing the public than it does with maintaining a perpetual tension and anxiety throughout the body politic. Through such tension the citizenry will further gravitate toward or even consciously advocate for heightened police state measures now peddled a prerequisite for public safety.
Read More
from Washington’s Blog:
Apparently jealous that Hillary Clinton is hogging all the
embarrassing headlines, Jeb Bush decided to go on a neocon diatribe
while campaigning in Iowa.
Just in case there’s any doubt about how anti-freedom he is, Jeb! decided to make things crystal clear. From him calling the Iraq War a “good deal,” to expressing support for torture and unconstitutional NSA spying, the man is a dyed in the wool authoritarian. Which is precisely why establishment Republican oligarchs love him.
Let’s tackle the torture angle first. The New York Times reported the following:
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Apparently jealous that Hillary Clinton is hogging all the
embarrassing headlines, Jeb Bush decided to go on a neocon diatribe
while campaigning in Iowa.Just in case there’s any doubt about how anti-freedom he is, Jeb! decided to make things crystal clear. From him calling the Iraq War a “good deal,” to expressing support for torture and unconstitutional NSA spying, the man is a dyed in the wool authoritarian. Which is precisely why establishment Republican oligarchs love him.
Let’s tackle the torture angle first. The New York Times reported the following:
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from Wolf Street:
You wouldn’t know by looking at the US Treasury market, which remained
relatively sanguine this week, with only a little panic buying on
Tuesday. So 10-year Treasuries ended the week near where they’d started
it. But at the other end of the spectrum, the riskiest portion of the
junk bond market just blew up spectacularly.
There were a lot of culprits to catch the blame. At the top of the list was the devaluation of the Chinese yuan. It caught the corporate bond markets by surprise, though it shouldn’t have, injected all kinds of stress into them, and drove up bond spreads, with investors demanding a higher yields for riskier bonds. It hit the riskiest segment of the junk bond market with a sledge hammer.
Read More
You wouldn’t know by looking at the US Treasury market, which remained
relatively sanguine this week, with only a little panic buying on
Tuesday. So 10-year Treasuries ended the week near where they’d started
it. But at the other end of the spectrum, the riskiest portion of the
junk bond market just blew up spectacularly.There were a lot of culprits to catch the blame. At the top of the list was the devaluation of the Chinese yuan. It caught the corporate bond markets by surprise, though it shouldn’t have, injected all kinds of stress into them, and drove up bond spreads, with investors demanding a higher yields for riskier bonds. It hit the riskiest segment of the junk bond market with a sledge hammer.
Read More
from TruthNeverTold:
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