Submitted by Tyler Durden on 09/26/2015 - 23:20
Neoliberal economics is blind to reality and serves to justify the destruction of the economic prospects of the Western World. It remains to be seen if Russia and China can develop a different economics or whether these rising superpowers will fall victim to the “junk economics” that has destroyed the West. With so many Chinese and Russian economists educated in the US tradition, the prospects of Russia and China might not be any better than ours. The entire world could go down the tubes together.
"Nothing's Safe" Passport's Burbank Warns "The Liquidity Of Everything Is Being Taken Down"
Submitted by Tyler Durden on 09/27/2015 - 18:00 Having warned that "we are on the precipice of a liquidation in emerging markets like the fourth quarter of 1997," Passport Capital's John Burbank sits down with RealVisionTV to discuss why "the Fed would eventually be forced into a fourth round of quantitative easing to shore up the economy." Being among 2015's best performing hedge funds, successfully navigating this turmoiling unwind of the Fed's efforts to "mean-revert" the world's assets back to normal, Burbank concludes, "nothing's safe," no matter what The Fed does, "the liquidity of everything is being taken down."
from KingWorldNews:
There has been an unprecedented attack on gold and mining shares over
the past three years emanating from financial institutions in order to
support the government’s supposed success in bringing the economy back
to health. And even though gold mining shares are down 85% during this
tenure, the case for owning gold-related investments has never been more
compelling…
The Century’s Best Performing Asset
Eric Sprott, James Turk and George Soros all believe this company is advancing the digital payments revolution by helping people securely acquire, store, and now spend gold with unprecedented simplicity. Accounts are free and can be opened in minutes. They provide users with a secure vault account to purchase and hold gold, the ability to make and receive instant gold payments, and a prepaid card for spending gold at traditional points of sale.
Read More
There has been an unprecedented attack on gold and mining shares over
the past three years emanating from financial institutions in order to
support the government’s supposed success in bringing the economy back
to health. And even though gold mining shares are down 85% during this
tenure, the case for owning gold-related investments has never been more
compelling…The Century’s Best Performing Asset
Eric Sprott, James Turk and George Soros all believe this company is advancing the digital payments revolution by helping people securely acquire, store, and now spend gold with unprecedented simplicity. Accounts are free and can be opened in minutes. They provide users with a secure vault account to purchase and hold gold, the ability to make and receive instant gold payments, and a prepaid card for spending gold at traditional points of sale.
Read More
Meet The Man Who Prevented World War III
Submitted by Tyler Durden on 09/26/2015 - 22:40 As proxy wars morph closer and closer to outright confrontations, the Cold War 2.0 meme continues to mount and questions arise of how this rapidly escalating sabre-rattling will end. With that in mind it is perhaps worth remembering Vasili Arkhipov; and how - at the height of The Cold War (with the civilized world on the brink of extinction) - one person can indeed change the fate of the world.US On The Ropes: China To Join Russian Military In Syria While Iraq Strikes Intel Deal With Moscow, Tehran
Submitted by Tyler Durden on 09/27/2015 - 11:59
The "Hard-Landing" Has Arrived: Chinese Coal Company Fires 100,000
Submitted by Tyler Durden on 09/27/2015 - 09:43 In a move that would make even Hewlett-Packard's Meg Whitman blush, Harbin-based Heilongjiang Longmay Mining Holding Group, or Longmay Group, the biggest met coal miner in northeast China which has been struggling to reduce massive losses in recent months as a result of the commodity collapse, just confirmed China's "hard-landing" has arrived when it announced on its website it would cut 100,000 jobs or 40% of its entire 240,000-strong labor force.from RT:
filed under (unt
Hillary Clinton’s email controversy took yet another turn for the worse for her, when the State Department confirmed on Friday that it had discovered more work-related emails Clinton failed to turn over. The emails will be turned over to the Select Committee on Benghazi.
The Washington Times reports: “A senior State Department official said about 925 emails of discussions that relate or refer to Libya would be delivered to the committee, explaining that the new email were discovered during a second review of the email the roughly 35,000 emails that Mrs. Clinton turned over to the department earlier this year.”
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Education Secretary Arne Duncan grew up in Chicago and attended the private, prestigious University of Chicago Laboratory Schools. The pre-K-12 Lab Schools are progressive institutions that, according to its Web site, “ignite and nurture an enduring spirit of scholarship, curiosity, creativity, and confidence” and “value learning experientially, exhibiting kindness, and honoring diversity.”
The teachers there are unionized and respected by administrators. President Obama’s two daughters attended the school before moving to Washington in 2009, and Chicago Mayor Rahm Emanuel’s children are enrolled there now. And in the fall, Duncan’s children will be attending Lab, too, while his wife works there.
Read More…
Dave Kranzler from Investment Research Dynamics joins me to discuss his latest thoughts on the physical silver market, and ‘The Road’ of horrors that lay ahead for the American people.
Horrors that have been created by international Banksters like the Jacob Rothschild, who in 2007 – just a year before the great economic collapse of 2008 – paid $5 million pounds for a painting called ‘Boy Building a House of Cards’. Are you starting to get the picture?
American "Capitalism"
Submitted by Tyler Durden on 09/27/2015 - 16:30 "Everything is awesome..." - just keep saying it.
The Fed's Troubling Clarity Of Confusion
Submitted by Tyler Durden on 09/27/2015 - 15:45 Over the past few years no institution has had more consequences beholden to their words than the Federal Reserve. So much so one could reasonably argue in response to prevailing circumstances their communiques overshadowed most others; including presidents and other leaders. The problem today is; in their effort to bring more clarity via press-ers, and more as to what might be transpiring behind the doors at the Eccles building, they’ve now communicated more confusion in the last two weeks nullifying all previous efforts. In our eyes it seems to be working exactly the same as its other policy outcomes: adding confusion, uncertainty, and having the exact opposite of intended results.
QE Infinity Calls Continue: "QE4 Will Be Their Next Move"
Submitted by Tyler Durden on 09/27/2015 - 15:01 "What we have had is a jobless recovery in the US and so the Fed could not afford to cause another depression by raising interest rates. QE4 will be their next move, which is now much more likely than a rate hike."
George Soros Demands EU Accept 1 Million Refugees (Costing €15 Billion) Per Year For Foreseeable Future
Submitted by Tyler Durden on 09/27/2015 - 14:15 The exodus from war-torn Syria should never have become a crisis, according to billionaire George Soros; it was long in the making, easy to foresee, and eminently manageable by Europe and the international community. While some leaders, like Hungary's Orban, have suggested plans, these subordinate the human rights of asylum-seekers and migrants and threaten to divide and destroy the EU by renouncing the values on which it was built and violating the laws that are supposed to govern it. Soros demands that The EU respond with a genuinely European asylum policy that will put an end to the panic and the unnecessary human suffering.
Catalan 'Secessionists' Set To Win Election Amid Record Turnout
Submitted by Tyler Durden on 09/27/2015 - 14:12 CATALAN SEPARATISTS CLOSE TO 50% OF VOTES: EXIT POLL
Dear Janet Yellen, Here Is All You Need To Know About The US Economy: True Unemployment Is Over 12%
Submitted by Tyler Durden on 09/27/2015 - 13:30 Dear Fed Chairwoman Yellen: if you are still confused why there is so much slack and so little wage growth in the US economy despite the 5.1% "reported" unemployment rate, here is the answer: instead of a 5.1% unemployment rate in August, the true unemployment rate in the "land of the free" has been rising ever since the financial crisis, and is above 12% for the past three years.
The Bull/Bear 'High Stakes Poker' Game Is Down To The Final Table
Submitted by Tyler Durden on 09/27/2015 - 12:45 High stakes poker, winner takes all. Traders better have their trade plans ready: The next 3 weeks will likely determine whether we enter a lengthy bear market or whether bulls can use coming positive seasonality to avert a major market break one more time. As the following charts show, by the end of October we shall have confirmation one way or the other...
A German Explains Why VW's "Moral Demise" Is A Burden For The Entire Nation
Submitted by Tyler Durden on 09/27/2015 - 11:20
Having not only the economic, but also the cultural importance of VW in mind, it becomes clear why the scandal is hitting Germany so hard and why there is the fear that the image of the country and its industries as a whole might suffer.
In "Sweeping" Interview, Putin Calls US Syria Strategy "Illegal", Details Russia's Support For Assad
Submitted by Tyler Durden on 09/27/2015 - 10:27 "In my opinion, provision of military support to illegal structures runs counter to the principles of modern international law and the United Nations Charter."
Jim Grant Explains How To Hedge Against The Coming Money Paradrop
Submitted by Tyler Durden on 09/26/2015 - 22:03 "This is a monetary moment... we are looking at the beginning of the world’s reappraisal of the words and deeds of central bankers like Janet Yellen and Mario Draghi. You see monetary disorder manifested in super low interest rates, in the mispricing of credit broadly and you see it in the escalation of radical monetary nastrums that are floating out of the various central banks and established temples of thought: Negative real rates, negative nominal rates and the idea of helicopter money. So you need some hedge against things not going according to the script and that makes gold and gold mining equities terrifically interesting now."
Reflexivity Wrecks Fed Credibility, Crushes 2016 Rate Hike Hopes
Submitted by Tyler Durden on 09/26/2015 - 21:25 With Janet Yellen choking back the vomit as she shifted The Fed's stance to a "hawkish hold," markets remain just as confused (and disconnected) as they were after The FOMC's "dovish hold." The problem, as Deutsche explains, is The Fed's reliance on 'conventional' inflation dynamics (and its mean-reversion - higher in this case) as opposed to actual market expectations (which are collapsing), leaving them open to a major Type II policy error - the risk of rejecting something that is, in actuality, true. The Fed's credibility is teetering on the brink as inflation 'reflexivity' - that is, Fed expectations strengthen the dollar, depress risk in general and commodities in particular, with lower commodities driving headline inflation lower - raises the prospect that the Fed fails to raise rates at all in 2016.
Did The PBOC Covertly Buy 1,747 Tonnes Of Gold In London?
Submitted by Tyler Durden on 09/27/2015 - 17:15 The Western gold space has learned a great deal about the Chinese gold market and global gold flows, though we’re always left with loose ends. For example, the issue regarding PBOC gold purchases; how much gold do they truly have and where was it bought? Does the PBOC buy 400-ounce Good Delivery (GD) bars in London and covertly transports these gold bars to its gold vaults in China mainland, or are the Good Delivery gold bars shipped to Switzerland, refined into 1 Kg 9999 gold bars, sent forward to the Chinese mainland where they’re required to be sold through the SGE gold exchange and from where they can be bought (in clear sight) by the PBOC.
by Dave Hodges, The Common Sense Show:
Trump mania is sweeping the country! Some view him as an out of control bigot. Some view him as the savior of the nation. Regardless of how one sees Donald Trump, he is galvanizing the country and getting the country to focus their discontent on the government unlike his Republic colleagues.
Donald Trump is waking America up to the fact that you cannot fool all the people all of the time.
I have always had ambivalent feelings toward Abraham Lincoln. On one hand, the man was an absolute despot who jailed protesters and reporter with whom he did not agree with. On the other hand, and for a brief moment, he brought America the closest it has ever been in fulfilling the meaning of the words “All men are created equal”, when he freed the slaves, although his motivation to do so and how he went about it, left much to be desired.
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Trump mania is sweeping the country! Some view him as an out of control bigot. Some view him as the savior of the nation. Regardless of how one sees Donald Trump, he is galvanizing the country and getting the country to focus their discontent on the government unlike his Republic colleagues.
Donald Trump is waking America up to the fact that you cannot fool all the people all of the time.
I have always had ambivalent feelings toward Abraham Lincoln. On one hand, the man was an absolute despot who jailed protesters and reporter with whom he did not agree with. On the other hand, and for a brief moment, he brought America the closest it has ever been in fulfilling the meaning of the words “All men are created equal”, when he freed the slaves, although his motivation to do so and how he went about it, left much to be desired.
Read More
from The Victory Report:
by Robert Parry, The News Doctors:
Exclusive: Afraid of neocon criticism, President Obama is going out of
his way to insult Russian President Putin prior to a summit meeting.
Obama’s press secretary mocked Putin as “desperate” and accused him of
displaying poor posture in a meeting with Israel’s Prime Minister
Netanyahu, reports Robert Parry.
The demonizing of Russia’s President Vladimir Putin appears to know no bounds, with the White House and The New York Times going out of their way to mock his request for a meeting with President Barack Obama and then ladling on insults about Putin’s looks and posture.
Read More
Exclusive: Afraid of neocon criticism, President Obama is going out of
his way to insult Russian President Putin prior to a summit meeting.
Obama’s press secretary mocked Putin as “desperate” and accused him of
displaying poor posture in a meeting with Israel’s Prime Minister
Netanyahu, reports Robert Parry.The demonizing of Russia’s President Vladimir Putin appears to know no bounds, with the White House and The New York Times going out of their way to mock his request for a meeting with President Barack Obama and then ladling on insults about Putin’s looks and posture.
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from The Sleuth Journal:
A new study reveals ginger contains a pungent compound that could be up to 10,000 times more effective than conventional chemotherapy in targeting the cancer stem cells at the root of cancer malignancy.
A new study published in PLoS reveals a pungent component within ginger known as 6-shogaol is superior to conventional chemotherapy in targeting the root cause of breast cancer malignancy: namely, the breast cancer stem cells.
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A new study reveals ginger contains a pungent compound that could be up to 10,000 times more effective than conventional chemotherapy in targeting the cancer stem cells at the root of cancer malignancy.
A new study published in PLoS reveals a pungent component within ginger known as 6-shogaol is superior to conventional chemotherapy in targeting the root cause of breast cancer malignancy: namely, the breast cancer stem cells.
Read More
from We Are Change:
Luke Rudkowski talks to Ralph Nader about his analysis of Donald Trump and Bernie Sanders leading the pack in the 2016 elections. Ralph Nader is an American political activist, as well as an author, lecturer, and attorney. Nader ran 5 times for as a candidate for President of the United States and is an expert in electoral politics.
Luke Rudkowski talks to Ralph Nader about his analysis of Donald Trump and Bernie Sanders leading the pack in the 2016 elections. Ralph Nader is an American political activist, as well as an author, lecturer, and attorney. Nader ran 5 times for as a candidate for President of the United States and is an expert in electoral politics.
from Truth Stream Media:
It’s that time again: the United Nations is officially releasing the all new Agenda 2030 sustainable development plan, or what some have hailed as “the new Agenda 21 on steroids,” at the United Nations Sustainable Development Summit kicking off today in New York City.
Since these supposedly non-binding international agreements can sometimes be a bit tricky to decode, what with all the weaponized buzz terms and semantics games, we’ve prepared a handy dandy translator on the 17 new Agenda 2030 goals below.
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It’s that time again: the United Nations is officially releasing the all new Agenda 2030 sustainable development plan, or what some have hailed as “the new Agenda 21 on steroids,” at the United Nations Sustainable Development Summit kicking off today in New York City.
Since these supposedly non-binding international agreements can sometimes be a bit tricky to decode, what with all the weaponized buzz terms and semantics games, we’ve prepared a handy dandy translator on the 17 new Agenda 2030 goals below.
Read More
from Washington’s Blog:
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.
Gordon Long and I recently discussed just how ugly it might get in a 28-minute video program.
One focus was Gordon’s forecast that the market may yet recover from its current downtrend and trace out a M Top: one more buy the dip rally that would then be followed by a bone-crushing downtrend as the wheels completely fall off the global “growth” story.
Read More
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.
Gordon Long and I recently discussed just how ugly it might get in a 28-minute video program.
One focus was Gordon’s forecast that the market may yet recover from its current downtrend and trace out a M Top: one more buy the dip rally that would then be followed by a bone-crushing downtrend as the wheels completely fall off the global “growth” story.
Read More
by Eric Zuesse, Global Research:
A Gallup poll issued on September 25th is headlined “Majority in U.S. Maintain Need for Third Major Party,” and it opens: “A majority of Americans, 60%, say a third major political party is needed because the Republican and Democratic parties ‘do such a poor job’ of representing the American people.”
When Gallup started polling on this matter in 2003, only 40% wanted a different major party from the two existing major parties.
The only other time when as high as 60% wanted a new major party was in October 2013, when the government shut down — something that now threatens to repeat. No other period had a percentage this high.
Read More
A Gallup poll issued on September 25th is headlined “Majority in U.S. Maintain Need for Third Major Party,” and it opens: “A majority of Americans, 60%, say a third major political party is needed because the Republican and Democratic parties ‘do such a poor job’ of representing the American people.”
When Gallup started polling on this matter in 2003, only 40% wanted a different major party from the two existing major parties.
The only other time when as high as 60% wanted a new major party was in October 2013, when the government shut down — something that now threatens to repeat. No other period had a percentage this high.
Read More
filed under (unt
from Miami Herald:
- Hillary Clinton, the front-runner for the Democratic nomination for president, attended a fundraiser in New York hosted by John Zaccaro, convicted on felony drug charges after he sold cocaine to an undercover cop.The 1988 conviction of the son of unsuccessful Democratic vice presidential candidate Gerraldine Ferraro was reported in numerous publications at the time. But the arrest was unearthed Friday by the Republican National Committee. “Hillary Clinton can’t seem to kick her decades-long habit of taking money from sketchy campaign contributors,” RNC spokesman Michael Short said. “During her last presidential campaign it was straw donors, now it’s convicted cocaine dealers.”
from VisionVictory:
A few days ago a young entrepreneur came to me with her big idea for a business.This happens a lot, sometimes even 3-4 times per week.
And while our selection rate is very low, I pay attention to each and every pitch in our effort to find the real gems, because, in my view, a profitable private business is one of the best assets you can hold.
Unlike stocks, the value of a private business (outside of the ‘tech’ sector) is generally based on what really counts: profit.
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