Submitted by Tyler Durden on 09/16/2015 - 13:30
Submitted by Tyler Durden on 09/16/2015 - 15:10 "A couple of days there is no currency. Only buy dollars and euros, in the tenge no changes, so there is no currency. People go, constantly ask dollars or euros."
Submitted by Tyler Durden on 09/16/2015 - 11:45 At this moment, president Obama is taking to the Business Roundtable where as noted previously he will discuss "the turnarounds in the stock market, housing iprices [sic?] and job growth." Here are some things Obama will not discuss.
Submitted by Tyler Durden on 09/16/2015 - 12:38 More bad news - proving The Fed's projections wrong once again - appear to have enabled yet another USDJPY-inspired ramp ahead of tomorrow's FOMC statement.
Submitted by Tyler Durden on 09/16/2015 - 14:50 "Every day brings another reason why the Federal Reserve should hold off before raising interest rates... First and foremost there was the recent plunge in stock prices."
Submitted by Tyler Durden on 09/16/2015 - 14:33 Blankfein's biggest nightmare? "The image of Trump "with his finger on the button blows my mind," he added, drawing laughter from the audience." Surely a far scarier prospect for Blankfein and his peers is coming to Washington after the next crash and demanding another bailout, and coming back empty handed.
Submitted by Tyler Durden on 09/16/2015 - 14:14 The inflation-adjusted household income for half the US population is back at 1989 levels. Meanwhile the S&P500, which impacts the net worth of about 10% of the US population is six times higher than where it was in 1989. America has a problem.
Submitted by Tyler Durden on 09/16/2015 - 13:50 A perfect storm of Islamophobia and technophobia (as Wired.com's Marcus Wohlsen so eloquently put it) has erupted in Texas where high-school freshman Ahmed Mohamed was arrested Monday after bringing a homemade digital clock to MacArthur High. A teacher at the Irving school exclaimed "it looks like a bomb," resulting in a call to police. By mid-afternoon, police were leading the boy out of school in handcuffs and taking him to juvenile detention on suspicion of making a "hoax bomb." As Mike Krieger sums up so perfectly, America is a deeply fallen nation. I don’t know how obvious it has to become before people come to grips and start to do something about it.
Assad Says Europe Is Responsible For Refugee Crisis: "If You're Worried About Them, Stop Supporting Terrorists"Submitted by Tyler Durden on 09/16/2015 - 13:10 "If you are worried about them, stop supporting terrorists. Can you feel sad for a child's death in the sea and not for thousands of children who have been killed by the terrorists in Syria?"
Submitted by Tyler Durden on 09/16/2015 - 12:55 The Fed may have noble mandates to help the real economy, but it will in the end always decide to do what’s best for Wall Street banks. And these banks could well make a huge killing off a rate hike. They can profit from trouble and volatility in emerging markets as well as domestic markets, provided they’re well-positioned. Given that they’ve had ample time, and it’s hard to answer the question who else is in a good position, we may have an idea which wind the wind will blow. Increasing credibility for the Fed and increasing profits for Wall Street banks. Might be a winning combination. And if Yellen is realistic about the potential for a recovery in the American economy, why would she not pick it?
Submitted by Tyler Durden on 09/16/2015 - 12:43
Submitted by Tyler Durden on 09/16/2015 - 12:35 A week ago, we noted Goldman Sachs' 'strawman' that Janet should "think about easing," despite the world's misplaced confidence that rates will rise "inevitably" since the US economy is doing so well. Today, we get to hear what 'god' thinks as the only thing that matters for The Fed's decision is - keep Lloyd happy - and Goldman CEO Blankfein just said "U.S. economic data doesn’t support the case for higher interest rates."
Submitted by Tyler Durden on 09/16/2015 - 12:10 We’re seeing a shift in the world’s dominant superpower at the exact same time there’s a shift in the global financial system, and reserve currency, and game-changing technology. And even more trends that we haven’t even discussed. The convergence of all of these trends at the same moment is the MEGA-trend. The last time this happened was... never.
Submitted by Tyler Durden on 09/16/2015 - 11:40 You know, to help fight ISIS...
Yesterday we alerted you to China’s emergency devaluation situation. But today we want to expand on the enormity of it in terms of related consequences.
First, it emphasizes how dangerously loose monetary policy is in many parts of the world.
The U.S. is flirting with raising rates after years of addictive bouts of quantitative easing, China devalued its currency last month in an attempt to stimulate its own bleak-looking economy, and the yen’s been steadily plunging at an alarming rate in Japan — the world’s third largest economy.
Greece is again a laboratory. It was so this year after its government failed the Greek people and negotiated a third bailout to rescue European banks.
Now, Greece is again the victim of European and, in general, Western abhorrent foreign policies. The country is the largest recipient of immigrants that arrive daily to its islands.
The out-of-control inflow of African and Middle Eastern refugees provides two very different and eye opening realities.
by Kevin Scott King, Truth Shock:
A small number are conscious of the fake reality we live within, but unconscious to the truth. Most today are barely conscious of their immediate surroundings, let alone of the cavalcade of events happening worldwide. Which is one of the purposes of mass media and especially the computer/smartphone. To keep the individuals ‘conscious’ as small as possible. That when one ventures out to ‘expand’ their consciousness that probe is discouraged, blocked, misdirected, redirected and if all these fail then led into a cul-de-sac of partial truth. To keep the conscious as unconscious as possible… the unconscious conscious. This is the reality of the world we live in. The ‘awakening’ that some claim is happening is currently stillborn. For most do not have the wherewithal to pursue the truth to it’s ultimate conclusion. A partial awakening does no good if the individual ends up stuck in a cul-de-sac of limited truth. And in fact this position is especially dangerous if the individual believes themselves to be fully awake, when at best they are only just barely. For these persons are easy prey for the various wolves in sheep’s clothing (WISC). Pride and arrogance are so easily exploited.
Gold has risen to near record highs in many currencies internationally. Bullion is again acting as a safe haven for people throughout the world whose currencies are devaluing and for those who are fleeing instability, terrorism and war.
Gold is not reaching record highs per se, rather these paper currencies are losing their value or are being devalued. People throughout the world who own safe haven gold are, again, protecting their purchasing power.
Yet you would not know this looking at the many negative headlines and sentiment surrounding gold. Our Western-centric views lead to a simplistic focus on gold solely in dollars, euros and pounds. For most of humanity, gold’s price in dollars is irrelevant. What is relevant is gold in their local currency terms.
Central banks are like generals: they tend to fight the last war. The Great Financial meltdown of 2008 was centered in too big to fail, too big to jail transnational banks and other financial entities with enormous exposure to collateral risk (such as subprime mortgages), highly leveraged bets and counterparty risk (the guys who were supposed to pay off your portfolio insurance vanish in a puff of digital smoke, leaving you to absorb the loss).
In response, the central banks and treasuries of the major economies “did whatever it took” to save the private banking sector from insolvency and collapse. In effect, central banks launched a multi-pronged bailout of banks and other financial heavyweights (such as AIG) and hastily constructed a clumsy and costly Maginot Line to protect the now-indispensable private banks from a similar meltdown.
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The new Hillary Clinton campaign ad that tells victims of sexual assault that they have a right to be believed is being criticized as hypocrisy at its worst.
“She’s a lying pig. I cannot believe that she had the gall to make that commercial. How dare she?” responded Kathleen Willey who in 1993 accused Hillary’s husband, President Bill Clinton, of sexually assaulting her.
“She believed what happened for sure,” Willey said. “She just chose to ignore the plight of all of his victims, thus enabling him to continue to abuse and rape women in the future.”
here are gaps totaling five months in the Hillary Clinton emails released by the State Department, the watchdog group Judicial Watch announced Monday morning.
The revelation emerged after a court ordered the release of State Department documents as part of Judicial Watch’s effort to obtain Clinton emails under the Freedom of Information Act.
Emails sent and received by Clinton on her private server are missing over periods totaling five months, beginning when she took office as secretary of state in 2009.