Submitted by Tyler Durden on 08/22/2015 - 10:56
The eventual outcome to all this is captured brilliantly in this quote by Ludwig Von Mises, the Austrian economist: "There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." The credit expansion happened between 1980 and 2008, there was a warning shot which was soundly ignored by ignorant central bankers, and now we have more, not less, debt with which to contend.
from KingWorldNews:
Today the man who has become legendary for his predictions on QE,
historic moves in currencies, and major global events warned King World
News that the world is in denial and headed for full-blown panic as the
global economy and stock markets crash.
“Jesus you can’t make a buck in this market, the country’s going to hell faster than when that son of a bitch Roosevelt was in charge. Too much cheap money sloshing around the world. The worst mistake we ever made was letting Nixon get off the gold standard.” — Lou Mannheim (Wall Street)
Read More
Today the man who has become legendary for his predictions on QE,
historic moves in currencies, and major global events warned King World
News that the world is in denial and headed for full-blown panic as the
global economy and stock markets crash.“Jesus you can’t make a buck in this market, the country’s going to hell faster than when that son of a bitch Roosevelt was in charge. Too much cheap money sloshing around the world. The worst mistake we ever made was letting Nixon get off the gold standard.” — Lou Mannheim (Wall Street)
Read More
The Federal Reserve Is Not Your Friend
Submitted by Tyler Durden on 08/21/2015 - 20:45 Imagine that the Food and Drug Administration (FDA) was a corporation, with its shares owned by the nation's major pharmaceutical companies. How would you feel about the regulation of medications? Whose interests would this corporation be serving? Or suppose that major oil companies appointed a small committee to periodically announce the price of a barrel of crude in the United States. How would that impact you at the gasoline pump? Such hypotheticals would strike the majority of Americans as completely absurd, but it's exactly how our banking system operates.from Truth Never Told:
"Teflon" Donald Trump Holds Giant "Pep Rally" At Football Stadium - Live Feed
Submitted by Tyler Durden on 08/21/2015 - 18:55 Donald Trump is holding a campaign rally at a football stadium. Enough said.Caught On Tape: Another Huge Chemical Warehouse Explosion Rocks China
Submitted by Tyler Durden on 08/22/2015 - 10:51
7 Million People Haven't Made A Single Student Loan Payment In At Least A Year
Submitted by Tyler Durden on 08/22/2015 - 11:43 How bad is America's $1.3 trillion student loan problem, you ask? As WSJ reports, "nearly seven million Americans have gone at least a year without making a payment on their federal student loans, a staggering level of default that highlights how student debt continues to burden households despite an improving labor
Is This Where The Long Lost Nazi "Gold Train" Is Located
Submitted by Tyler Durden on 08/22/2015 - 10:09 Earlier this week, two people, a Pole and a German, said they may have found the legendary, long-lost Nazi train rumored to be full of gold, gems and guns, i.e., the prize possessions of years of Third Reich plunder, that disappeared just before the end of World War Two. As BBC first reported, the train was believed to have gone missing near what is now the Polish city of Wroclaw as Soviet forces approached in 1945.
Who Would Win A War In The South China Sea: The Pentagon Infographic
Submitted by Tyler Durden on 08/22/2015 - 09:18 Should the dispute between China and its neighbors over Beijing's land reclamation efforts in the South China Sea escalate from a war of words to a war of missles and bullets, how do the potential combatants match up from a maritime military perspective? The Pentagon explains.
Paul Craig Roberts: "America Is A Gulag"
Submitted by Tyler Durden on 08/21/2015 - 22:00 America is a gulag. We are ruled by a government that is devoid of all morality, all integrity, all compassion, all justice. The government of the United States stands for one thing and one thing only: Evil. You are part of the new Captive Nation.
How Big Are China's Man-Made Military Outposts? The Pentagon Explains
Submitted by Tyler Durden on 08/21/2015 - 21:25 Apparently, someone at the Pentagon thought that between the four-year civil war in Syria, the heightened violence in Turkey, the proxy war in Ukraine, and the threat of a new war in the Korean Peninsula, the geopolitical situation wasn’t unstable enough, because on Thursday the DoD issued a report entitled "Asia Pacific Maritime Security Strategy," in which a considerable amount of space is spent discussing China’s land reclamation efforts in the Spratlys.
Mal-Asia: Politcal, Currency Crises Converge As Stocks Head For Bear Market
Submitted by Tyler Durden on 08/21/2015 - 20:10 As the great EM unwind continues unabated, we’ve noted that in some hard-hit countries, the terrible trio of falling commodity prices, decelerating Chinese demand, and looming Fed hike has been exacerbated by political turmoil. Now, we turn to Malaysia where an already tenuous situation just got worse as PM Najib Razak is now facing calls for a no-confidence vote amid allegations he embezzled some $700 million from the country's development fund.
China Tests Most Dangerous Nuclear Weapon of All Time
Submitted by Tyler Durden on 08/21/2015 - 19:30 Coincidence? As China enters the currency wars, crushing carry around the world, it just happens that it also conducted a flight test of its new intercontinental ballistic missile (ICBM) this month (and China’s acquisition of a MIRVed capability is one of the most dangerous nuclear weapons developments that no one is talking about).
These Currencies Could Be The Next To Tumble In Global FX Wars
Submitted by Tyler Durden on 08/21/2015 - 18:10 Shockwaves from China’s devaluation have conspired with sluggish global demand and an attendant commodities slump to wreak havoc on developing market currencies the world over. On the heels of Kazakhstan's dramatic move to float the tenge, here's which currencies are next in line to tumble.
Is September 2015 going to be a month that changes history? For
months, there has been an unprecedented amount of buzz all over the
Internet about what is going to happen in September. And without a
doubt, we are going to witness a convergence of events during that month
that is quite remarkable. What I have attempted to do in this article
is to put together a list of things that we know will happen next
month. Some of the lists that I have seen contain things that cannot be
proven or that are simply inaccurate. And of course it is very likely
that some things will happen in September that we cannot anticipate
right now. I am just providing the information that I have at this
time, and it is up to you and your family to prepare for what you
believe will happen. The following is my big list of 33 things that are
going to happen in September 2015…Read More…
from RT:
from Wolf Street:
Smartphones conquered even impoverished consumers in desperately poor
countries, giving them access to things they couldn’t even imagine a few
years ago. The devices and the activities they spawned have been one of
the world’s growth engines. China’s consumers adopted them at stunning
rates. But even that growth engine is slowing down on a global basis.
And in China, it just skidded backwards into the ditch.
Globally, smartphone sales in the second quarter rose 13.5% to 329.6 million units, the slowest year-over-year growth rate since 2013, Gartner reported today. What drove growth were cheaper 3G and 4G smartphones in emerging markets in Asia/Pacific – excluding China – Eastern Europe, the Middle East, and Africa. The winners in these markets were Chinese and local brands.
Read More
Smartphones conquered even impoverished consumers in desperately poor
countries, giving them access to things they couldn’t even imagine a few
years ago. The devices and the activities they spawned have been one of
the world’s growth engines. China’s consumers adopted them at stunning
rates. But even that growth engine is slowing down on a global basis.
And in China, it just skidded backwards into the ditch.Globally, smartphone sales in the second quarter rose 13.5% to 329.6 million units, the slowest year-over-year growth rate since 2013, Gartner reported today. What drove growth were cheaper 3G and 4G smartphones in emerging markets in Asia/Pacific – excluding China – Eastern Europe, the Middle East, and Africa. The winners in these markets were Chinese and local brands.
Read More
from ZenGardner:
Security expert and hacker Morgan Marquis-Boire
spends his days researching the shady underworld of government
surveillance. Here he explains how governments are using malicious
computer code to spy on journalists and human rights activists across
the world.
What is spyware and how is it different to malware?
Broadly, malware is malicious code that does something harmful or undesirable on a user’s system that runs without their consent. Most people will be familiar with the concept of viruses, trojans, crimeware and even ransomware, which encrypts your data and tries to ‘ransom’ it back to you.
Read More
Security expert and hacker Morgan Marquis-Boire
spends his days researching the shady underworld of government
surveillance. Here he explains how governments are using malicious
computer code to spy on journalists and human rights activists across
the world.What is spyware and how is it different to malware?
Broadly, malware is malicious code that does something harmful or undesirable on a user’s system that runs without their consent. Most people will be familiar with the concept of viruses, trojans, crimeware and even ransomware, which encrypts your data and tries to ‘ransom’ it back to you.
Read More
by Michael Noonan, Edge Trader Plus:
Last week, we lamented how difficult it was to get a fix on the so many
things going on in the world, and going wrong. It occurs to us that we
are all in the midst of the New World Order going about business as
usual, creating Problems, and the bigger the better, then watching
reactions of the masses, even governments. The worse possible the
problems, the more horrifying the Reactions the better. For waiting in
the wings is their planned Solution, all leading toward global takeover
under a one world rule, like the UN.
Read More
Last week, we lamented how difficult it was to get a fix on the so many
things going on in the world, and going wrong. It occurs to us that we
are all in the midst of the New World Order going about business as
usual, creating Problems, and the bigger the better, then watching
reactions of the masses, even governments. The worse possible the
problems, the more horrifying the Reactions the better. For waiting in
the wings is their planned Solution, all leading toward global takeover
under a one world rule, like the UN.Read More
by Jeff Nielson, Bullion Bulls:
In Part I; readers were introduced to the Great, Western Real Estate Swindle being perpetrated by the Western banking crime syndicate (the One Bank),
primarily through the efforts of their loyal servants in the West’s
governments and (especially) our central banks. But the size/complexity
of this mega-scam required both considerable explanation and context.
Thus, in the opening installment, readers only saw part of the bigger picture. They learned how to deliberately create a real estate bubble: via either low mortgage rates, or high inflation. It was then pointed out to readers how (in our corrupt regimes) we have both the lowest mortgage rates in history and the highest inflation in our lifetime – year after year after year.
Read More
In Part I; readers were introduced to the Great, Western Real Estate Swindle being perpetrated by the Western banking crime syndicate (the One Bank),
primarily through the efforts of their loyal servants in the West’s
governments and (especially) our central banks. But the size/complexity
of this mega-scam required both considerable explanation and context.Thus, in the opening installment, readers only saw part of the bigger picture. They learned how to deliberately create a real estate bubble: via either low mortgage rates, or high inflation. It was then pointed out to readers how (in our corrupt regimes) we have both the lowest mortgage rates in history and the highest inflation in our lifetime – year after year after year.
Read More
by Louis Cammarosano, Smaulgld:
Premiums on one ounce American Silver Eagle coins are at elevated levels.
Higher Premiums on American Silver Eagles are more a function of lower silver prices than a silver shortage.
Premiums on other silver products, like privately minted silver bars and rounds have not risen to the same extent as premiums on American Silver Eagles and “Junk Silver“
Why Do Premiums on American Silver Eagles Rise?
When one ounce American Silver Eagle coin (ASE) premiums rise, it’s usually in response to an increase in demand. Sales of ASE’s hit records in 2013 and 2014 and are on pace to do so again this year. Premiums rise during sustained surges in ASE sales making it difficult for the U.S. Mint to keep pace with demand.
Read More
Premiums on one ounce American Silver Eagle coins are at elevated levels.Higher Premiums on American Silver Eagles are more a function of lower silver prices than a silver shortage.
Premiums on other silver products, like privately minted silver bars and rounds have not risen to the same extent as premiums on American Silver Eagles and “Junk Silver“
Why Do Premiums on American Silver Eagles Rise?
When one ounce American Silver Eagle coin (ASE) premiums rise, it’s usually in response to an increase in demand. Sales of ASE’s hit records in 2013 and 2014 and are on pace to do so again this year. Premiums rise during sustained surges in ASE sales making it difficult for the U.S. Mint to keep pace with demand.
Read More
by Andrew Levine, Counter Punch:
For three decades or more, politicians and pundits have been
proclaiming the end of the left-right spectrum. The terms left, right
and center, they say, are irrelevant or are rapidly becoming so. They
are meaningless descriptions of ideas, policies and practices.
This has always been an exaggeration at best – concocted to serve the interests of economic and political elites intent on diminishing challenges to the status quo. The challenges that concern them come from the left.
For proponents of a “third way” – Bill Clinton and Tony Blair, for example, and other like-minded figures associated with historically leftwing or left-leaning political parties – blathering on about the irrelevance of the old spectrum was a more or less transparent subterfuge, part of a larger, generally successful, effort to shift politics to the right.
Read More
For three decades or more, politicians and pundits have been
proclaiming the end of the left-right spectrum. The terms left, right
and center, they say, are irrelevant or are rapidly becoming so. They
are meaningless descriptions of ideas, policies and practices.This has always been an exaggeration at best – concocted to serve the interests of economic and political elites intent on diminishing challenges to the status quo. The challenges that concern them come from the left.
For proponents of a “third way” – Bill Clinton and Tony Blair, for example, and other like-minded figures associated with historically leftwing or left-leaning political parties – blathering on about the irrelevance of the old spectrum was a more or less transparent subterfuge, part of a larger, generally successful, effort to shift politics to the right.
Read More
by Pam Martens and Russ Martens, Wall Street on Parade:
U.S. stocks felt their worst selloff in 18 months yesterday with the Dow Jones Industrial Average losing 358 points and the S&P 500 index shaving off 43.88 points. Of particular concern, the S&P has now broken through its 200-day moving average which suggests to market technicians that more pain is ahead.
The stock plunge set off a flight to safety with money flowing into the 10-year U.S. Treasury note, driving down the yield. This morning, the U.S. 10-year paper is sporting a yield of 2.06 percent. Despite persistent talk of a rate hike coming out of the Federal Reserve, the yield on the 10-year has been declining for months, not rising – suggesting that the markets believe the Fed is reading the wrong tea leaves.
Read More
U.S. stocks felt their worst selloff in 18 months yesterday with the Dow Jones Industrial Average losing 358 points and the S&P 500 index shaving off 43.88 points. Of particular concern, the S&P has now broken through its 200-day moving average which suggests to market technicians that more pain is ahead.
The stock plunge set off a flight to safety with money flowing into the 10-year U.S. Treasury note, driving down the yield. This morning, the U.S. 10-year paper is sporting a yield of 2.06 percent. Despite persistent talk of a rate hike coming out of the Federal Reserve, the yield on the 10-year has been declining for months, not rising – suggesting that the markets believe the Fed is reading the wrong tea leaves.
Read More
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