We wouldn’t say that it is “never too late” to prepare for potential disaster because, obviously, the numerous economic and social catastrophes of the past have proven otherwise. There simply comes a point in time in which the ignorant and presumptive are indeed officially screwed. We will say that we have not quite come to that point yet here in the U.S., but the window of opportunity for preparation is growing very narrow.
Submitted by Tyler Durden on 09/09/2015 - 11:32 As of Friday the comex gold "coverage" or amount of paper claims on every ounce of physical, was literally off the chart, soaring to a mindblowing 207 ounces of paper gold claims for every ounce of deliverable gold. This also means that the dilution ratio between physical gold and paper gold has hit a new all-time low of just 0.48%!
Submitted by Tyler Durden on 09/09/2015 - 17:35
AsiaPac Stocks, FX Tumble As China Devalues Yuan Most In 4 Weeks, Sees "No Need For Massive Economic Stimulus"Submitted by Tyler Durden on 09/09/2015 - 21:20 Losses from the US session extended following comments in one of the government's official mouthpieces that "China doesn't need massive stimulus." A BoNZ rate cut (blaming China's devaluation) sent Kiwi tumbling, Ringgit hit a fresh 17 year low against the USD, Japanese stocks collapsed over 650 points so far, and Chinese stocks are opening notably lower. Volume remains de minimus (99% below average) in Chinese futures trading as China devalues the Yuan by the most since Aug 13 and injects another 80 billion Yuan liquidity.
Submitted by Tyler Durden on 09/09/2015 - 21:00 Politicians learned long ago that it's easier to just import non-Americanized voters to vote for you, than, as FutureMoneyTrends notes, to get naturalized citizens who still cherish the idea of America to vote for things like national healthcare systems, higher taxes on business owners, and the catering to every little tribal group that declares themselves a minority. As SHTFPLan's Mac Slavo concludes, with Europe’s immigrant crisis coming to a head and similar events having played out in the United States last summer, it should be clear that what’s happening is an orchestrated detonation of First World nations.
We have a very important inflection point coming next week with the Fed meeting. I believe the inflection point has already been reached a few weeks back but next week may be the final straw. Will the Fed raise rates to “save face” and try to stem the loss of credibility? Or will they remain “patient” (cornered) and realize they cannot raise rates without razing the entire building?
Before getting to the rate hike thoughts, a bit of backdrop is needed. World equity (and credit/currency) markets are in disarray. 20-40%+ drops in equity bourses around the world are now common. In plain English, the world is already in a bear market of significant historical proportions. Credit markets particularly in Europe are showing signs that illiquidity is taking over. The German bund trading to .8% up from nearly 0% is just one illustration.
Submitted by Tyler Durden on 09/09/2015 - 20:30 Five Chinese navy ships are currently operating in the Bering Sea off the coast of Alaska, the Wall Street Journal reported Wednesday, marking the first time the U.S. military has seen them in the area. Why the sudden interest? Because the Chinese have been studying the cycles. From generational theorists William Strauss and Neil Howe, they have learned that political/cultural cycles last only 65 years, and then they collapse, cycles first observed by Taoist monks and Roman philosophers. And China is exactly 66 years advanced since the Chinese Communist Revolution of 1949. In terms of generational cycles, China is on the eve of destruction. (In terms of the Strauss/Howe theory, so are we.)
On the heels a big surge in Asian markets, today King World News is featuring a piece from one of the greats in the business discussing the attempt by the global markets to stabilize with the Dow Theory “sell signal” already triggered. Also included is a quick note from Art Cashin.
“Hey Jeff, on your report this morning, we are using the closing low on Monday 8/24/15 (15871.08) for the Dow, but the closing low of 8/25/15 for the Transports. Why do we not use the closing low of 8/25 on the Dow of 15666? Thanks.” — A concerned financial advisor emailing about Thursday’s Morning Tack (9/3/15)
Submitted by Tyler Durden on 09/09/2015 - 20:00 As discussed here on Tuesday evening, people flows (i.e. immigration and migration) are grabbing international headlines these days thanks in large part to i) the massive influx of asylum seekers entering Western Europe from war-torn Syria, and ii) GOP frontrunner Donald Trump’s outspoken position on illegal immigration in the US. With that in mind, we present Goldman's new flowchart which shows "where everybody is going."
filed under (unt
Submitted by Tyler Durden on 09/09/2015 - 17:20 The legacy of the Clinton’s behind the curtain has also been one of questioning everything, two, three, if not four to ten times. The lack of honesty between the words seems to be catching up. Hillary and Bill have been rather notorious for doing whatever it takes to win while lining their pockets at the same time. So it is no surprise that Hillary may fight to the end without ever fearing prosecution for anything she has ever done is in the past.
We The Sheeplez... lead to the slaughterhouse...Again...
Submitted by Tyler Durden on 09/09/2015 - 16:54 "In theory, investors can exit an open-ended mutual fund or an ETF at will. But the growing popularity of these funds forces them to invest in an ever larger share of less liquid bonds. If everyone wants to exit at once, prices could fall very far, very fast. A lucky few may get out in time. Others will probably get trampled."
Submitted by Tyler Durden on 09/09/2015 - 19:30 “Sooner or later, everyone sits down to a banquet of consequences..." – Robert Louis Stephenson
So if you really want to make “refugees” the election issue “du jour”, one can waste a lot of time watching the mainstream incumbent parties bicker over the “right” number of refugees to allow into Canada or how much taxpayer money to throw at aid, or even whether more Canadian “boots on the ground” should be headed over there on various “peace keeping” escapades... or, you could ask the really hard hitting questions...
Submitted by Tyler Durden on 09/09/2015 - 19:00 Stockman unleashes truthiness hell on Bloomberg TV: "Federal Reserve [actions] will have disastrous long-term consequences... when you deny price-discovery in the market for so long, it is a massive subsidy to speculation... In an era of peak debt, the only thing zero interest rates achieve is create an enormous incentive for Wall Street to gamble more and more recklessly..."
Yesterday, in a stunning decision packed with Orwellian reverse speak, Judge Victor Marrero of the U.S. District Court for the Southern District of New York (where cases against Wall Street firms are thrown out like penny candy by a carnival barker) dismissed claims against Goldman Sachs in a case so fraught with the appearance of corruption that it had commanded an investigation by the U.S. Senate’s Permanent Subcommittee on Investigations.
Plaintiffs in the case were investors in Hudson Mezzanine Funding 2006-1 and 2006-2, synthetic bets on toxic mortgages which Goldman sold to investors while making multi-billion-dollar bets for its own firm that the deals would fail.
Submitted by Tyler Durden on 09/09/2015 - 18:35 Corporate buybacks, based on BofAML's client flows, are at the highest four-week-average level in 18 months as the irrationally non-economic buyers of last resort pile in to tumbling prices to maintain their CFO's and CEO's year-end performance bonuses. While hope remains that this pick-up will continue, the demise of the corporate credit market suggests the last greater fool just entered the market...
Submitted by Tyler Durden on 09/09/2015 - 18:17 Brazil, whose economy officially slid into recession in Q2 - a quarter during which Brazilians suffered through the worst inflation-growth outcome (i.e. stagflation) in over a decade - and whose efforts to plug a yawning budget gap are complicated by political infighting and a growing public outcry against embattled President Dilma Rousseff, has been cut to junk by S&P.
Muricas concentration camps are called FEMA camps...and the FRS (free shit army) will Run to fill them...
Submitted by Tyler Durden on 09/09/2015 - 18:10 Following Hungarian cameramen kicking 10-year-old girl refugees, and Czech police hauling immigrants of trains and writing numbers on their arms, it appears the horrors of the past are quickly forgotten when it comes to 'solutions' for the present. As The Jerusalem Post reports, the leader of the Czech 'nationalist' National Democracy Party, has called for refugees to be placed in Terezin - a former Nazi concentration camp - "Why build tent camps for the aliens? We have the beautiful fortress town of Terezin where the aliens could concentrate before they are taken home by trains." Police are investigating whether his comments constitute a criminal act and Czech Jewish leaders have refused to comment on the incident.
If you're Dumb enough to watch these liars...then you deserve to loose everything you invest...
Submitted by Tyler Durden on 09/09/2015 - 17:55 Ironic, because it is precisely CNBC's constant cheerleading of what little viewers it had left that pushed the market to such nosebleed levels that on August 24 it suffered its second flash crash in just five years. It is even more ironic, because instead of a rational, objective coverage of the newsflow, the constant stream of cherry-picked, double seasonally adjusted good news is precisely why viewers had left the Comcast cable station in droves realizing the disconnect between the economy and stocks is simply too gargantuan to stomach, and that they are being lied to. As a result, it wasn't until the much dreaded market crash that viewers finally came back. At least some of them.
Submitted by Tyler Durden on 09/09/2015 - 16:29 The question on everyone's mind is whether the economy is strong enough to withstand rate hikes by the Federal Reserve? In our opinion, the answer is no. The economy continues to ebb and flow between weak growth and no growth. This puts the Federal Reserve at risk of a policy mistake that could trip the economy into an outright recession. While there have certainly been positive bumps in the data, as pent-up demand is released back into the economy, the inability to sustain growth is most concerning.
Submitted by Tyler Durden on 09/09/2015 - 15:50 Forget Risk-Parity... ignore volatility-targeting... Risk management is for losers, value-investing is for dummies, and chasing momentum is for suckers... The path to successful trading in the new normal is easy... and involves just 4 simple steps...
As the fall approaches we must now focus on some of the things now available to you as wildcrafters and herbal “gatherers” that previously may have been difficult to find. This article entails some facts about medicinal mushrooms and is provided for informational purposes only. The information provided is not meant to, nor does it diagnose, treat, prescribe, cure, or recommend any actions for any disease or illness. Only a licensed physician may do such things; prior to taking any actions pertaining to this article, seek the approval of your licensed family physician.
Mushrooms are greatly available in the wilds toward the end of summer and the beginning of the fall. Mushrooms have many components in their makeup that can be used effectively against many types of diseases. There is one important thing to stress, however, before you go out and begin your attempts to gather mushrooms from your locality:
Fewer natural substances get more positive press from newspapers, magazines and social media sites than apple cider vinegar and honey. Even taken alone, each brings some amazing health benefits to the body. Apple cider vinegar is great for digestive health, for instance, and can be used topically to treat a number of skin conditions as various as burns, dandruff or minor cuts and scrapes. Honey has been widely used since the time of the ancient Egyptians for its medicinal properties, and even today it is an important weapon in the modern fight against difficult-to-heal wounds like severe burns or diabetic ulcers. No natural health website is complete without information on these two amazing substances. However, when apple cider vinegar and honey are used in conjunction with one another, their healing powers are intensified and they can support the health of the body in some truly amazing ways.
After dragging the rest of the world into seemingly endless wars in the Middle East, policy makers and the major media outlets are now happy to flood the public with guilt-inducing reports about the refugee crisis now overwhelming Europe and threatening to undermine immigration policies throughout the Western world.
Displaced from Syria and other parts of the region, hundreds of thousands of people have become desperate enough to pack into tiny boats, trains, vessels and containers and take a chance on a new life in the hands of often vicious smugglers – and the humanity of it clashes with the burden it will pose on the society.
The number of U.S. residents who are struggling to survive on just $2 a day has more than doubled since 1996, placing 1.5 million households and 3 million children in this desperate economic situation. That’s according to “$2.00 a Day: Living on Almost Nothing in America,” a book from publisher Houghton Mifflin Harcourt that will be released on Sept. 1.
TSilver bullion for retail investors is in short supply. We do our best to keep readers updated on shortages in bullion coins, rounds, and bars. The enormous surge in demand has put mints and refiners terribly behind. After two months of high retail demand, they are still unable to catch up… in fact, they’re falling even more behind. That’s why silver coin premiums rose again last week, and shipping delays lengthened.
The lack of availability in silver coins, rounds, and 5, 10 and 100-ounce bars along with higher premiums are making it more difficult for silver investors to capitalize on today’s low spot prices. Fortunately, the higher demand in gold has not yet created similar shortages. Gold buyers are able to obtain virtually all items promptly.
I had the honor of appearing as a guest on Soaring Eagle Radio recently with Dr. Mike Spaulding. We discussed the imminent meltdown and what you can do to get ready.
The Money GPS: