The combination of another debt limit fight, the defunding of Planned Parenthood, and prospect of another government shutdown tearing his party apart, the GOP just suffered its latest major blow, when news hit that House speaker John Boehner, just 24 hours after getting a visit by none other than the Pope, is folding one last time: according to the NYT, "Speaker John A. Boehner will resign from Congress and give up his House seat at the end of October."
Submitted by Tyler Durden on 09/25/2015 - 10:40 This is the sort of thing you’d expect to see in a Banana Republic. Which makes perfect sense, because America is a Banana Republic.
The United States [military policy] has destroyed seven countries. The populations there are subject to ongoing continual violence either from the U.S. or these Jihadists or from the Islamic State. In Libya there’s various factions, no Government – just warlords fighting and nobody’s safe anywhere so the populations are getting out. You can’t live in that type of situation. – Dr. Paul Craig Roberts on the Shadow of Truth
The Money GPS:
Submitted by Tyler Durden on 09/25/2015 - 13:51 Now that concerns about a biotech top are in play, biotechs just can't seem to catch a bid, and as of moments ago were down over 3% dragging the Nasdaq just barely positive for the day even with the S&P up 0.8% One reason for the continuied weakness may be that, as Bank of America points out, there are signs the dreaded head and shoulders top has appeared in the Nasdaq Biotech Index.
Submitted by Tyler Durden on 09/25/2015 - 13:09 For the 4th week in a row , US oil rig counts declined (down 4 to 640) leaving the count as 10-week lows. This is the largest 4-week decline since May. Crude prices are undecided on how to react for now with stop runs higher and lower so far...
Submitted by Tyler Durden on 09/25/2015 - 12:53 Earlier today yet another "very serious policy maker" confirmed that cash as we know it, may be on the endangered species list - again, a necessary precondition to make global NIRP effective - when overnight former Bank of England central banker, Charles Goodhart, told a London audience that bills such as the Swiss National Bank’s 1,000-franc note and the European Central Bank’s 500-euro note should be abolished, adding this "move that might also prove beneficial by trimming interest rates."
Submitted by Tyler Durden on 09/25/2015 - 12:52
Submitted by Tyler Durden on 09/25/2015 - 12:30 With just 3 months left on the calendar, many investors are down on the year for one simple reason: nothing is really working. That leaves them only a short period to show a positive return, or at least a less-negative result than whatever index they track. To do that, many will have to make very specific and concentrated bets. It might be about equities generally – will they recover from the current growth scare? Or it might be asset allocation – will bonds finally go up on the year? For stock pickers, the key question is certainly “Play the winners, or look for laggards?” All we know is that with 69 days left to play catchup, time favors the fleet. And the bold.
Submitted by Tyler Durden on 09/25/2015 - 12:11 Oh, the irony. A senator of the world's largest creditor nation has demanded America's allies do 'whatever it takes' to support Ukraine in breaking international law by refusing to pay back $3bn of debt owed to Russia in December. As RT reports, US Senator Chris Murphy of the Foreign Relations Committee exclaimed, "the international community should make it clear that we should take whatever steps necessary to give Ukraine the legal cover it needs to walk away from that debt... I don’t think Ukraine should be obligated to pay Russia back a dime." One can only wonder how US's creditors will feel about this perspective (maybe China and EM are already showing theirs).
Submitted by Tyler Durden on 09/25/2015 - 12:01 Clash of the Titans? President "we don't spy/cyberhack other nations" Obama and President "we don't devalue our currency" Xi will hold a joint press conference to show the world how much US and China love each other (despite China dumping Treasuries and looming US cybersecurity sanctions on China)... grab your popcorn as Xi is supposedly taking questions from the Western press...
Submitted by Tyler Durden on 09/25/2015 - 11:32 You'd have to be in full denial mode not to see that it's getting ugly out there in global markets: currencies are melting down, trade and shipping are tanking, commodities are swooning and global stock markets are increasingly on central-bank life support.
Submitted by Tyler Durden on 09/25/2015 - 11:29 When will the “nothing is happening” crowd finally wake up?
Submitted by Tyler Durden on 09/25/2015 - 11:05 As Russia gears up for an offensive designed to rout anti-government forces operating in Syria, the US finds itself in the awkward position of having to partner with two of Washington's fiercest critics in the fight against terror. With the clock ticking on America's Mid-East strategy, Obama is set to sit down for a critical one-on-one with Putin that could have major geopolitical implications.
Silver bullion coins are continuing to see rising premiums and delivery delays due to continuing very robust demand and a lack of supply of all silver bullion coins.
Premiums on silver eagles have been creeping up since mid-May (see chart below) and wholesale premiums have risen from 14% in May to over 25% this week. Silver eagles remain probably one of the best proxies for silver coin demand and also of investment and store of wealth demand for silver.
The shortage of silver coins is due to continuing robust demand and a lack of supply of silver bullion coins. It is primarily due to a lack of coin minting capacity and of actual coin blanks or planchets.
In the Spring of 2015, I stated that Jade Helm was exceeding its prime directive consisting of dissident extraction and the implementation of martial law. And yes, Jade Helm 15 is about the imposing the will of the “New America” upon the people. However, for months, I noticed that the scope of the military exercises of Jade Helm far exceeded the domestic needs for the military imposition of martial law. As I looked at the endless stream of videos and still photos of massive military movement, it become apparent that Jade Helm was also providing cover for the mobilization of military equipment in preparation for World War III
Ironically, the vaccine controversy is not actually a controversy at all. The only controversy was created by people (corporations) who want to sell you vaccines. Using the media, this controversy was created–fabricated–planted–by companies with billions of dollars by intentionally skewing the public’s common sense, preying on our lack of education, thereby distorting the truth in the mind of the public. The fear caused by this distorted truth (lie) makes vaccines very easy to sell…very easy.
Essentially, what we have here, is that the struggle in the mind of a concerned parent (over whether or not to vaccinate their children) was created intentionally by the pharmaceutical houses…in order to create a profit margin.
For a man who is supposed to represent the highest virtues of Christianity, Pope Francis sure has habit of racking up hypocrisies on a regular basis. However, it’s surprising how many of these hypocrisies were spawned in just the past few days. In fact, they’ve been mounting since the moment he embarked on his trip to North America, and I mean that quite literally.
As he pontificates to us about the threat of global warming and criticizes climate deniers, he does so while traveling the world in his Boeing 777.
The pope’s flights from Rome to Cuba, Washington, D.C., New York, Philadelphia and then back to D.C. and to Rome will total around 11,500 miles, so overall the pontiff will emit around 572 tons of CO2 during his trip.