Bill Fleckenstein – I Don’t See Any Way Possible This Can End Without A Collapse

from KingWorldNews:
Bill Fleckenstein: “If you look at the action in the precious metals, the miners and commodities, you could make a pretty good argument that this has been a ‘puke’ of epic proportions — the sorts of things that happen at the ends of bear markets. It’s a pretty interesting moment for the precious metals markets. The number of anti-gold news stories and the end zone dancing by the bears has gotten extreme.
And I think the stock market rally is on borrowed time. I’m not a big believer in the bull case for the dollar either. So I think the next 2 – 6 months are going to be very interesting. I just don’t see any way possible that this period can end without a collapse because I don’t think the liquidity is there to accommodate very many sellers.”
Bill Fleckenstein Audio Interview @ KingWorldNews.com

Preparing for the Crash

by Peter Cooper, GoldSeek:
In this update on the broad market S&P500 index we are going to look at no less than 5 charts for it, covering different timeframes, the reason for this is that there are different points to make on each of these charts.
Before looking at the charts for the S&P500 index we are going to review first a range of charts, including the latest charts for Margin Debt and NYSE available cash. These charts provide the direst warning imaginable of impending trouble.
The NYSE Margin Debt chart shows that it is “through the roof” – way higher than it was at the 2000 and 2007 market peaks. When the wheel comes off, out will go the margin calls setting off a brutal self-feeding cycle of liquidation…
Read More

Big Chunk Of JP Morgan’s Gold Holdings Withdrawn In One Day

from SRS Rocco:

In just one day, a big chunk of JP Morgan’s gold was withdrawn from the COMEX.  It’s been a while since we have seen such a large single withdrawal.  According to the CME Group’s Friday Warehouse Depository gold stocks, a whopping 200,752 ounces of gold were removed from JP Morgan’s Eligible category.
If we look at the table below, we can see JP Morgan’s total gold inventories fell from 1,398,214 oz on Thursday (7/30/2015) to 1,197,462 oz:
Read More…

The Fed's Circular Logic Exposed In 1 Simple Chart

Submitted by Tyler Durden on 08/02/2015 - 15:50 Hope, quite simply, just isn’t close to enough for a real recovery. There is an undeniable element of troubling prevarication in the whole attempt to coax unearned optimism, as taken to the extreme it means that policymakers will never quite be honest about especially realistic downsides. That may even mean, in their zeal to “fool” consumers, they fool themselves on the circular logic.

$1.5 Quadrillion Time Bomb

from The Sleuth Journal:
When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives.
Along with credit default swaps and other exotic instruments, the total notional derivatives value is about $1.5 quadrillion – about 20% more than in 2008, beyond what anyone can conceive, let alone control if unexpected turmoil strikes.
The late Bob Chapman predicted it. So does Paul Craig Roberts. It could “destroy Western civilization,” he believes. Financial deregulation turned Wall Street into a casino with no rules except unrestrained making money. Catastrophic failure awaits. It’s just a matter of time.
Read More

To Social Media's Horror - It 'Is' Different This Time

Submitted by Tyler Durden on 08/02/2015 - 16:45 The world of everything Social has been the undisputed benefactor of all this “free money.” After all, wasn’t the term “Unicorn” applied and accepted with all its connotations as being a mythical creature that lived and breathed in the land of make-believe? It is incontrovertible that if not for the “free money” provided by QE, many, if not most of what currently falls under the social media umbrella would not only never had come into existence (let alone with Billion dollar price tags), but the perceived “hands off – unquestioning” attitude by Wall Street itself wound not be allowed. This in my opinion is an absolute wanton abandonment of business fundamentals and principles. However, it seems there is a change of mood (or realization the jig is truly up) on Wall Street.

Spectre Of FX Scandal Returns To Haunt HSBC

by Dave Hodges, News.Sky:
The spectre of the foreign exchange-rigging scandal will return to haunt HSBC on Monday when it sets aside hundreds of millions of pounds more to cover future settlements with regulators.
Sky News has learnt that Europe’s largest bank will disclose in its interim results that it is adding a substantial sum to the $550m (£352m) provision it has already allocated to resolve a number of investigations on both sides of the Atlantic.
Insiders said on Sunday that HSBC would announce an overall charge of well over $1bn (£640m) to cover conduct issues including the FX probes, but said that it would not provide a breakdown of the numbers.
Read More

CEO Hikes Minimum Wage To $70K, Capitalist Tragicomedy Ensues

Submitted by Tyler Durden on 08/02/2015 - 11:45 Three months ago, Dan Price had an idea. He would raise the pay floor at his Seatlle-based payments processing company and become a rebel hero to the 120 people who worked for him. This is the story of how one man's unwitting crusade against the disappearance of the American Middle Class went horribly awry.

US Police Kill 118 People In July, Highest Monthly Total Of 2015

Submitted by Tyler Durden on 08/02/2015 - 15:15 Despite a notable spike in violence across Baltimore in the months since the riots and the persistence of violent crime in Chicago, the number of people killed by police across the country posted M/M declines in April, May, and June. In July, the trend was broken.

Here's The Bad News That Nobody Is Telling You About The Record Lows In Initial Jobless Claims

Submitted by Tyler Durden on 08/02/2015 - 14:05 It is absolutely normal for employers to completely miss the signs of impending doom. The 2007 extreme occurred just before the carnage of mass layoffs that was to begin a couple of months later. Employers were still clueless that the end of the housing bubble would have devastating effects. If they were clueless then, they are in an advanced state of delirium and delusion now. The devastating 1973-74 bear market, which cut the value of stocks by 50%, was in its early stages. This was an early example of employers being late to the funeral. Similar employer hoarding of workers has been associated with bubbles in the more recent past and has led to massive retrenchment, usually within 18 months or so.

 

As China Admits It Lied About Its Local Debt Levels, Local Billionaires Are Quietly Liquidating Their Assets

Submitted by Tyler Durden on 08/02/2015 - 13:26 Overnight something unexpected happened: Sheng Songcheng, the director of the statistics division of the People's Bank of China (PBOC), was quoted by the National Business Daily on Saturday whereby he essentially admitted China had been lying about not only its local debt exposure but the level of NPLs across the economy.  The punchline: Sheng warned about the risks of local government debt, saying that 2 trillion yuan in bond swaps may not be able to fully cover maturing debt, according to the report. What he really said, as paraphrased by Bloomberg, is that "local govt's tended to not report all their debts when audited in June 2013, thus the 2 trillion yuan debt swap plan arranged this year may not cover all debts due, Sheng cited as saying."
Oops.



If you download windows 10...You Deserve what you get...

The Surveillance State Goes Mainstream: Windows 10 Is Watching (& Logging) Everything

Submitted by Tyler Durden on 08/02/2015 - 12:55 If Edward Snowden's patriotic exposure of all things 'super secret surveillance state' in America were not enough, Newsweek reports that, as 10s of millions of hungry PC users download the free upgrade, Windows 10 is watching - and logging and sharing - everything users do... and we mean everything.

We're Not All Gordon Gecko - Dan Loeb Defends 'The Activist' Investor

Submitted by Tyler Durden on 08/02/2015 - 12:20 Lately, a varied chorus of powerful union bosses, politicians and candidates, an asset management company executive, and a few ivory tower types have asserted that activism is short term in nature, engaged in by “hit and run”  investors who care only about making a quick buck while leaving a company and its employees in ruins. It might surprise people to hear that we agree completely that the sort of activism they describe is abominable.  Luckily, it does not really exist, and certainly not at Third Point.  Activists today are very different from corporate raiders of the ‘80’s (about whom these criticisms might have been leveled fairly).

China's 1929 Moment

Submitted by Tyler Durden on 08/02/2015 - 11:00 Bubbles collapse, period; and government interventions don't stop them. Furthermore, we are beginning to see a crack widen in the foundations of China's capital markets that could end up undermining the whole economy. If Plan A fails, it is time for Plan B...

Are We Being Forced Into A "Second American Civil War"… If So, Who Will Win?

Submitted by Tyler Durden on 08/02/2015 - 10:36 A report from the U.S. Army War College discusses the use of American troops to quell civil unrest brought about by a worsening economic crisis. The report from the War College’s Strategic Studies Institute warns that the U.S. military must prepare for a “violent, strategic dislocation inside the United States” that could be provoked by “unforeseen economic collapse” or “loss of functioning political and legal order.” [The report also warns of a possible “rapid dissolution of public order in all or significant parts of the US.”]

Varoufakis: "In 1967 There Were The Tanks And In 2015 There Were The Banks"

Submitted by Tyler Durden on 08/02/2015 - 10:10 "This was nothing but a coup. In 1967 there were the tanks and in 2015 there were the banks. But the result is the same in the sense of having overthrown the Government or having forced it to overthrow itself."


Your Future...

Venezuela Increasingly Looks Like A War Zone

Submitted by Tyler Durden on 08/01/2015 - 21:43 While mocking socialist paradises everywhere is a recurring theme especially once they have completely run out of other people's money to burn through, what always follows next is far less amusing - complete social collapse, with riots, civil war and deaths not far behind. That is precisely what the video shown below has captured. In the clip, a demonstration against Venezuela's poor transportation services quickly turned violent. End result: one person dead from a gunshot wound, more than 80 arrested and four shops looted on the Manuel Piar Avenue in San Felix.

Dramatic Footage: How Venezuelans Get Milk Powder

Submitted by Tyler Durden on 08/02/2015 - 16:18 It's been a sad week for Venezuela. First, on Wednesday we showed what happens to local supermarkets when formerly Latin American paradises run out of other people's money. Then, the next day we showed what happens when in the aftermath of scenes such as the one above the social mood turns violent, and how what was once supposed to be a socialist utopia paradise ends uplooking like a warzone. Today we show how the local population is forced to act like stampeding animals when it comes to obtaining even the most basic of staples, in this case milk powder.

CDC Held Meeting to Deliberately Destroy Evidence Linking Vaccines to Autism

from DAHBOO777:



For a government that lies about everything — fudging economic numbers, using the IRS as a political weapon and even manufacturing staged domestic terrorism events so the FBI can “catch terrorists” in the act — it’s no surprise to now learn that the CDC deliberately destroyed evidence linking vaccines to autism. According to a new statement relayed today by Rep. Bill Posey, the CDC held a meeting of scientists to decide which piece of evidence to destroy that might link vaccines to autism in African-American children.
Learn more: http://www.naturalnews.com/050599_CDC…

Jeff Nielson: The Imploding Ponzi and Depleted Silver

by Rory, The Daily Coin:



I sat down with Jeff Nielson, from Bullion Bulls Canada and Jeff also writes for Sprott Money News, to get a quick update on the market from his perspective.
With this unfolding and ever growing ponzi scheme it seems like we are on the edge of implosion or the eve of destruction; pick your poison. The Canadian crime family, led by Stephen Harper, Prime Minister and his number one monetary heroin pusher, Mark Carney began their reign of terror in the 2000’s. I was reading Jeff’s latest article, Canada’s NEW Loonie Assassin, where Jeff details how this branch of the global crime family brought Canada in line with the rest of the world. Namely by devaluing the Canadian dollar to the tune of 30% in 18 months!!
Read More

Gold – The More Hate, The More Bullish We Become

from Secular Investor:
After gold’s breakdown on Sunday July 20th, we have seen an avalanche of negative commentaries. Admittedly, from a chart perspective the breakdown does not bode well. We have to get that straight. The technical breakdown is going to lead the price of gold in US dollar terms towards $1,000 /oz, potentially lower.
But if we compare this breakdown in gold with the one in April and June of 2013, we would say the one from last week is a small dip on the long term chart while the one of 2013 was a real collapse. However, the negativity that was triggered by the latest small price drop is much stronger.
Read More @ SecularInvestor.com

How To Value Silver NOT In $$$

from TruthNeverTold:

Russia Shoots Down US Stealth Coup

from Land Destroyer.blogspot:
Times are tough for America’s “color revolution” industry. Perfected in Eastern Europe after the fall of the Soviet Union, and honed during the so-called “Arab Spring,” the process of backing subversion in a targeted country and overthrowing a sitting government under the cover of staged mass protests appears to be finally at the end of running its course.
That is because the United States can no longer hide the fact that it is behind these protests and often, even hide their role in the armed elements that are brought in covertly to give targeted governments their final push out the door. Nations have learned to identify, expose, and resist this tactic, and like Adolf Hitler and the Nazi regime’s tactic of Blitzkrieg or “lighting war,” once appropriate countermeasures are found, the effectiveness of lighting fast, overwhelming force be it military or political, is rendered impotent.
Read More

America Was Founded in Liberty, But Now Mired In Tyranny

from Western Journalism:
“The foundation of our Empire was not laid in the gloomy age of Ignorance and Superstition, but at an Epoch when the rights of mankind were better understood and more clearly defined, than at any former period…The United States came into existence as a Nation, and if their Citizens should not be completely free and happy, the fault will be entirely their own.” So declared George Washington at the time of our founding as a nation.
It is unique and exceptional that this nation was established according to natural law, and declared inalienable individual rights of life, liberty, and property, or the pursuit of happiness. In an era when monarchs, rulers, oligarchs, autocrats and aristocrats governed according to their whims and disposition, having derived their right to rule based on caste or bloodline, a motley collection of men steeped in classical-liberal principles led a revolution and established a nation dedicated to individual freedom.
Read More @ WesternJournalism.com

Puerto Rico To Default After Missing Payment

Unable to pay $72 billion in debt, the U.S. territory is on thin ice as citizens’ needs collide with empty coffers.
from HuffPo:
Puerto Rico will miss a payment on debt due Aug. 1, the governor’s chief of staff said on Friday, an event that will be considered a default by investors as the commonwealth lurches towards what could be one of the largest U.S. municipal debt restructurings in history.
The island faces a number of debt payments that day but had signaled in recent weeks that it may miss the $58 million payment on Public Finance Corporation (PFC) bonds.
“Tomorrow is Aug. 1 and we don’t have the money,” Puerto Rico’s governor’s chief of staff Victor Suarez told journalists in San Juan. “The PFC payment will not be made this weekend. It was not consigned.”
Read More @ HuffingtonPost.com

This is What We’ve Been Waiting for, the True Recovery of the American Economy

from Wolf Street:
Equifax, which profits from the process when more people apply for credit and load up on debt, sees the miracles of the current economy this way: “American consumers continue to show signs they are recovering from the Great Recession by steadily increasing their credit card debt….”
In its report on credit card debt, Equifax raved about these newly empowered American consumers that are once again buying things they can’t afford and charging these purchases to their credit cards because they didn’t have enough money to pay for them otherwise, given their stagnating salaries. It shows up in the numbers:
Read More

CISA: The Dirty Deal Between Google and the NSA That No One Is Talking About

by H A Goodman, Huffington Post:
One of the things that civil liberties activists like to lament about is that the general public seems to care more about Google and Facebook using their personal data to target advertising than the government using it to target drone strikes.
The reality is that both types of abuse are dangerous, and they work hand in hand.
It’s hard to find a more perfect example of this collusion than in a bill that’s headed for a vote soon in the U.S. Senate: the Cybersecurity Information Sharing Act, or CISA.
CISA is an out and out surveillance bill masquerading as a cybersecurity bill. It won’t stop hackers. Instead, it essentially legalizes all forms of government and corporate spying.
Read More @ HuffingtonPost.com
image/www.brennancenter.org

The 1% – Why Do We Insist On Lying To Ourselves?

from ZenGardner:
As I read, learn and live I see the ever increasing number of peoples which claim to be “awake”. These people with their research, documents, web links; all “evidence” that they must be “awake”. They lament about the 1% controlling the world, poisoning our water and food, wreaking havoc on our financial systems, chem-trails, drugging, killing, torturing, imprisoning… the list is endless. What they don’t see is that it is not the 1% but rather the 99% which are the enablers of this catastrophe which we refer to as civilization and which hinders any kind of progression into human evolution.
Let’s take the 1%, which we abhor, into perspective: OXFAM had released a report (short lived in the media but hey, Justin Bieber was doing something reckless) that 85 people in the world control over half the world’s wealth. A little simple mathematics: 1% of 7,000,000,000 (billion) people is 70,000,000 million people (drop 2 zeros) yet only 85 own half the world’s resources making them the 0.000000012 %. So why is it that we make it into such an acceptable number as 1% instead of seeing how utterly ridiculous it actually is?
Read More @ ZenGardner.com

AR-15 Defends Business From Armed Robbers

from TheAlexJonesChannel:

Turkey’s War On The Kurds, ISIS Air Force Flies Again

by Brandon Turbeville, Activist Post:
Shortly before calling a NATO meeting under the pretense of concerns over its security, Turkey launched a bombing campaign across the border into Syria allegedly against the ISIS forces that it has supported, trained, and facilitated since the beginning of the Syrian crisis.
Very soon after the bombing campaign was launched there came the announcement that Turkey and the United States had agreed to implement an “ISIL Free Zone” otherwise known as a “No Fly Zone” in northern Syria.
Prior to the formal announcement of the “ISIL-Free/No-Fly Zone,” it was known that Turkey had launched a simultaneous attack on Kurdish targets in Iraq. After the announcement, these attacks on Kurdish targets intensified to greatly overshadow anything purporting to be an attack on ISIS.
Read More @ ActivistPost.com

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