Submitted by Tyler Durden on 08/16/2015 - 16:15 What happens when we roll back into the next official recession, unemployment soars, and consumers really stop spending? What is revealed when you look under the hood of this economic recovery is that it is a complete and utter fraud. The recovery is nothing but smoke and mirrors, buoyed by subprime auto debt, really subprime student loan debt, corporate stock buybacks, and Fed financed bubbles in stocks, real estate, and bonds. The four retailers listed below are nothing but zombies, kept alive by the Fed’s ZIRP and QE, as they stumble towards their ultimate deaths. The coming recession will be the knife through their skulls, putting them out of their misery.
"Deal Or War": Is Doomed Dollar Really Behind Obama's Iran Warning?
Submitted by Tyler Durden on 08/16/2015 - 18:45 "The US is digging itself in deeper and deeper,” warns Doug Casey, adding the telling question: “Then what’s going to happen?” President Obama’s grim warning of “deal or war” seems to provide an answer. Faced with economic implosion on an epic scale, the US may be counting on war as its other option.
"A Locally Produced Hitler Or Stalin": Lawmakers Blast US Ally For Staging "Coup"
Submitted by Tyler Durden on 08/16/2015 - 16:50 "He’s now saying 'I won’t listen to the laws or constitution.' This is a very dangerous period. He wants to give a legal foundation to this coup he’s carried out. Those who carry out coups always do this: First they carry out the coup, then they give it a legal foundation.'"
When Japan decided it was going to begin the process of restarting many
of their mothballed nuclear reactors last week, there was certainly
cause for alarm. After all, it’s not unheard of for a nuclear reactor to
run into problems shortly after being started. When Japan made this
announcement, The World Nuclear Association noted that
“Of 14 reactors that resumed operations after four years offline, all
had emergency shutdowns and technical failures.” So it’s safe to say
that when 25 Japanese plants applied for restart permits, the
international community was a little worried.Now it appears that some of those fears have been validated, though not in the way most people were expecting. The Sendai nuclear power plant was the first of those reactors to be restarted on Tuesday, an event which couldn’t have come at a worse time. A volcano near the plant appears ready to blow its top.
Read More
Division 30, also known as the New Syrian Forces, was created by the
United States as part of a propaganda campaign to counter the fact
virtually all of the mercenaries in Syria have gone over to the Islamic
State.On May 8 Defense Secretary Ashton Carter announced 90 mercenaries had begun training with the Pentagon and would be trained at camps in Turkey, Saudi Arabia, Qatar and Jordan.
“These trainees are recruited, they’re vetted, and only then are they put into training,” Carter said.
In early July two-thirds of the Division 30 mercenaries, including the groups’s commander Nadim al-Hassan, were captured in Syria north of Aleppo by Jabhat al-Nusra fighters.
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Say it like it is...The FREE SHIT ARMY...is DESTROYING America...
from WallStForMainSt:
filed under (unt
Hillary's 'Big Crowds'
Maybe not all publicity is good publicity....
"They Have To Go"; Trump Vows To Deport All Illegal Immigrants
Submitted by Tyler Durden on 08/16/2015 - 10:27 "We're going to keep the families together, but they have to go. We will work with them. They have to go. Chuck, we either have a country, or we don't have a country."
Billionaire Stanley Drucknemiller Loads Up On Gold, Makes It His Largest Position For First Time Ever
Submitted by Tyler Durden on 08/16/2015 - 17:40 Following Friday's filing by the Duquesne Family Office, we learned that as of the end of Q2, the largest position for Stanley Druckenmiller was none other than gold, following the purchase of 2.9 million shares of the GLD ETF shares. In other words, as of this moment, gold amount to over 20% of Druckenmiller's total holdings.
Travails Of Empire - Oil, Debt, Gold & The Imperial Dollar
Submitted by Tyler Durden on 08/16/2015 - 22:30 "We are imperial, and we are in decline... People are losing confidence in the Empire."
Asian Currency Crisis Continues As China Holds, Malaysia Folds, & Japan Heads For Quintuple Dip Recession
Submitted by Tyler Durden on 08/16/2015 - 21:21 Asia got off to an inauspicious start this evening with Japan printing a disappointing 1.6% drop in GDP - heading for its fifth recession in 6 years... so much for Abenomics, but, of course, Amari spewed forth some standard propaganda that he expects Japan to recover moderately (and Japanese stocks popped modestly assuming moar QQE). Then Malaysia continued its collapse with the Ringgit down another 1% hitting fresh 17-year lows and stocks dropping further, as the Asian Currency crisis continues. Heading into the China open, offshore Yuan signaled further devaluation but the CNY Fix printed very modestly stronger at 6.3969; and following last week's best gains in 2 months, Chinese stocks are plunging at the open after Chinese farmers extend their streak of margin debt increases. Finally, WTI Crude drifted back to a $41 handle in early futures trading.
Goldman Weighs In On America's Pension Ponzi: Contributions Must Rise $100 Billion Per Year
Submitted by Tyler Durden on 08/16/2015 - 21:00 "Unfunded pension liabilities have grown substantially. There are several factors behind this, led by lower than expected investment returns and insufficient contributions from state and local governments to the plans. In aggregate this would raise government pension contributions by something like $100bn per year, lowering spending in other areas (or raising taxes) by a similar amount."Bouts Of Extreme Volatility Have "Little Obvious Explanation," Citi Warns
Submitted by Tyler Durden on 08/16/2015 - 19:30
Goldman's 4 Reasons Why The S&P Will Remain Unchanged For The Rest Of 2015
Submitted by Tyler Durden on 08/16/2015 - 19:04 These are Goldman's four reasons why the bank expects the S&P 500 will end 2015 unchanged from the current level: High starting valuation, negligible earnings growth, outflow from domestic equity mutual funds and ETFs, and modest economic growth. Offsetting these headwinds to a higher market, buybacks remain robust and serve as a pillar of support in the current environment.
The FDA Just Approved OxyContin To Be Prescribed To Children
Submitted by Tyler Durden on 08/16/2015 - 17:25 The infamously untrustworthy Food and Drug Administration (FDA) has furthered its reputation as one of America’s most beloved hypocrites with its latest motion. It was reported on Thursday that the FDA has just approved OxyContin prescriptions for children between the ages of 11 and 16 years-old.
from The Burning Platform:
The government issued their monthly retail sales this past week and
four of the biggest department store chains in the country announced
their quarterly results. The year over year retail sales increase of
2.4% is pitifully low in an economy that is supposedly in its sixth year
of economic growth with a reported unemployment rate of only 5.3%. If
all of these jobs have been created, why aren’t retail sales booming?
The year to date numbers are even worse than the year over year numbers. With consumer spending accounting for 70% of our GDP and real inflation running north of 5%, it’s pretty clear most Americans are experiencing a recession, despite the propaganda data circulated by the government and Fed.
Read More
The government issued their monthly retail sales this past week and
four of the biggest department store chains in the country announced
their quarterly results. The year over year retail sales increase of
2.4% is pitifully low in an economy that is supposedly in its sixth year
of economic growth with a reported unemployment rate of only 5.3%. If
all of these jobs have been created, why aren’t retail sales booming?The year to date numbers are even worse than the year over year numbers. With consumer spending accounting for 70% of our GDP and real inflation running north of 5%, it’s pretty clear most Americans are experiencing a recession, despite the propaganda data circulated by the government and Fed.
Read More
by Anthony Gucciardi, Natural Society:
Are
you in enough pain to swallow this pill? Stanford scientists have
developed a new way of creating painkiller components like hydrocodone
by injecting 23 different engineered genes from plants, bacteria, and
rats into yeast.
The result is the beginning of the journey towards ‘GMO painkillers,’ and another entrance into the world of genetically modified pharmaceuticals. A world that far expands beyond the tinkering of Monsanto’s GMOs. The ‘advancement’ places into perspective the depths to which the booming industry of DNA alteration will take us.
Read More
Are
you in enough pain to swallow this pill? Stanford scientists have
developed a new way of creating painkiller components like hydrocodone
by injecting 23 different engineered genes from plants, bacteria, and
rats into yeast.The result is the beginning of the journey towards ‘GMO painkillers,’ and another entrance into the world of genetically modified pharmaceuticals. A world that far expands beyond the tinkering of Monsanto’s GMOs. The ‘advancement’ places into perspective the depths to which the booming industry of DNA alteration will take us.
Read More
from Dollar Collapse:
A month ago China’s stock bubble was bursting and Greece was
imploding. Yet the US Fed, in a violation of both headline sentiment and
common sense, was still promising to raise interest rates come September.
Fast forward to this week. China’s surprise currency devaluation has sent the global markets into a tailspin, but rather than spiking on the sudden drop in a major trading partner currency, the US dollar is plunging against the euro and most other currencies. Why? Because a global currency crisis is just about the last situation in which the world’s major central bank would be expected to tighten.
Read More
A month ago China’s stock bubble was bursting and Greece was
imploding. Yet the US Fed, in a violation of both headline sentiment and
common sense, was still promising to raise interest rates come September.Fast forward to this week. China’s surprise currency devaluation has sent the global markets into a tailspin, but rather than spiking on the sudden drop in a major trading partner currency, the US dollar is plunging against the euro and most other currencies. Why? Because a global currency crisis is just about the last situation in which the world’s major central bank would be expected to tighten.
Read More
from Fox Business, via Economic News TV:
The Global Economy Weakening At An Alarming Rate, Says Marc Faber
The Global Economy Weakening At An Alarming Rate, Says Marc Faber
by Sol Palha, GoldSeek:
The entire gold-mining sector was crushed last month, suffering a
full-blown panic. This was triggered by an extreme shorting attack on
gold by American futures speculators. As fear-blinded traders rushed
for the gold-stock exits, they claimed their selling was rational
because gold miners’ very existence was threatened by such low gold
prices. But that’s a total fallacy, this sector has no problem
weathering sub-$1200 gold.
The recent pain in gold stocks has been excruciating. This sector’s benchmark of choice these days is Van Eck Global’s Market Vectors Gold Miners ETF, better known by its symbol GDX. It closely mirrors gold stocks’ long-time leading sector index, the NYSE Arca Gold BUGS Index that trades as HUI. The carnage in these two gold-stock metrics has been incredible, shattering the resolve of most contrarian traders.
Read More
The entire gold-mining sector was crushed last month, suffering a
full-blown panic. This was triggered by an extreme shorting attack on
gold by American futures speculators. As fear-blinded traders rushed
for the gold-stock exits, they claimed their selling was rational
because gold miners’ very existence was threatened by such low gold
prices. But that’s a total fallacy, this sector has no problem
weathering sub-$1200 gold.The recent pain in gold stocks has been excruciating. This sector’s benchmark of choice these days is Van Eck Global’s Market Vectors Gold Miners ETF, better known by its symbol GDX. It closely mirrors gold stocks’ long-time leading sector index, the NYSE Arca Gold BUGS Index that trades as HUI. The carnage in these two gold-stock metrics has been incredible, shattering the resolve of most contrarian traders.
Read More
from NextNewsNetwork:
from Natural News:
Five years after the Obama administration and Congress passed
“financial reforms” aimed at “reining in” banks once deemed “too big to
fail,” three top Democrats are accusing a federal housing authority of
quietly changing finance rules in order to shield two recently convicted
banks.
As reported by The Intercept, an investigative news web site, the Department of Housing and Urban Development (HUD) has removed a key provision in requirements for taxpayer-guaranteed mortgage insurance so that the banks, which were found guilty of federal crimes, could still participate in the lucrative market.
Read More
Five years after the Obama administration and Congress passed
“financial reforms” aimed at “reining in” banks once deemed “too big to
fail,” three top Democrats are accusing a federal housing authority of
quietly changing finance rules in order to shield two recently convicted
banks.As reported by The Intercept, an investigative news web site, the Department of Housing and Urban Development (HUD) has removed a key provision in requirements for taxpayer-guaranteed mortgage insurance so that the banks, which were found guilty of federal crimes, could still participate in the lucrative market.
Read More
from The BRICS Post:
Chinese officials have revised the death toll from the deadly Tianjin
blasts to 112, while 95 are still missing even as Chinese leaders have
asked for introspection and radical improvements to workplace safety.
More than 50 people have been rescued in Tianjin after multiple blasts at a chemical warehouse in Tianjin in north China on Saturday.
President Xi Jinping said that the Tianjin blasts and a string of recent accidents exposed severe problems in China’s work safety, and that authorities must always keep “safe development” and “people’s interest first”.
Read More
Chinese officials have revised the death toll from the deadly Tianjin
blasts to 112, while 95 are still missing even as Chinese leaders have
asked for introspection and radical improvements to workplace safety.More than 50 people have been rescued in Tianjin after multiple blasts at a chemical warehouse in Tianjin in north China on Saturday.
President Xi Jinping said that the Tianjin blasts and a string of recent accidents exposed severe problems in China’s work safety, and that authorities must always keep “safe development” and “people’s interest first”.
Read More
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