Monday, September 7, 2015

The Elite Have Prepared For The Coming Collapse – Have You?

by Michael Snyder, The Economic Collapse Blog
Why are the global elite buying extremely remote compounds that come with their own private airstrips in the middle of nowhere on the other side of the planet?  And why did they start dumping stocks like crazy earlier this year?  Do they know something that the rest of us don’t?  The things that I am about to share with you are quite alarming.  It appears that the global elite have a really good idea of what is coming, and they have already taken substantial steps to prepare for it.  Sadly, most of the general population is absolutely clueless about the financial collapse that is about to take place, and thus most of them will be completely blindsided by it.
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The Numbers Are In: China Dumps A Record $94 Billion In US Treasurys In One Month

The data point everyone has been waiting on is out and, just as we tipped weeks ago, China liquidated nearly $100 billion in USD assets during the month of August in support of the yuan.

Another Chinese Chemical Plant Explodes, Huge Clouds Of Black Smoke Billow Skyward

Even The Mainstream Economists Are Fed Up With The Fed

There is strong evidence that economies perform better with a tight labor market and, as the International Monetary Fund has shown, lower inequality (and the former typically leads to the latter). Of course, the financiers and corporate executives who pay $1,000 to attend the Jackson Hole meeting see things differently: Low wages mean high profits, and low interest rates mean high stock prices. Statements from Fed officials that the economy has virtually returned to normal are met with derision. Perhaps that is true in the neighborhoods where the officials live. But, with the bulk of the increase in incomes since the US “recovery” began going to the top 1% of earners, it is not true for most communities. Simply put, in the US, workers are being asked to sacrifice their livelihoods and wellbeing to protect well-heeled financiers from the consequences of their own recklessness.

France Prepares To Bomb Syria In Retaliation For Refugee Crisis

Filed under 'what the f##k?', French President Francois Hollande is preparing for air strikes in Syria in a somewhat mind-numbing approach to to stem a flood of refugees from the Middle East into Europe. Using the always-ready excuse of "grappling with the threat of terrorism," Bloomberg reports Hollande's response to Europe’s biggest refugee crisis since World War II by increasing the bombing of the very place from which the refugees are fleeing...

If You Think That Was A Crash...

Last week’s volatility to the downside was entirely predictable, as the first leg down during this ongoing market crash reached the correction stage of 11%. The technical bounce was a given, as the 30 year old HFT MBAs on Wall Street have been trained like rats to BTFD. In their lemming like minds, it has worked for the last six years of this Federal Reserve created “bull market”, so why wouldn’t it work now. Last week was their first lesson in why it doesn’t work during bear markets, and we’ve entered a bear market. John Hussman seems amused at the shallowness of the arguments by Wall Street shills and CNBC cheerleaders about the future of the stock market in his weekly letter. After this modest pullback from all-time highs, the S&P 500 is still overvalued by 92%...

Meanwhile In Brussels, Farmers Take On The Riot Police With "Hay Cannon"

As events unfold that have to be seen to be be believed in Belgian capital Brussels, European farmers - protesting plunging food prices, blamed on Russia's food embargo, which was retaliation to Europe and US sanctions - are demanding EU intervention to bail them out. What was originally a parade of tractors quickly turned violent as farm equipment rammed police barricades and police released tear gas and water jets in response to the farmers unleashing their "hay cannon." Boomerang anyone? "EU farmers are paying the price for international politics...There have been hundreds of suicides as a result of disastrous agricultural policies."

WTI Crude Tumbles To $44 Handle (As Algos Forget US Closed)

Despite US markets being closed for Labor Day, WTI Crude futures traders algos appear to be following the post-EU close run-the-stops pattern. Despite rising tensions in the middle-east and China promising their market is stable, WTI Crude is down almost 4%, back to a $43 handle...

More "Seller Strikes"? ECB Monetizes Fewest Bonds In August Since Start Of Q€

What is the reason for the drop? Well, one can believe the ECB's stated explanation which is that due to European summer vacations, activity in Europe has ground to a halt. Of course, this would suggest that monetization in the Eurozone is continent on managers' summer vacation plans, which is probably an even more troubling explanation of ECB activity bottlenecks than what may be really going on in Europe. The alternative? As we noted over the weekend when we reported that now even the IMF is discussing the upcoming limits to BOJ QE as a result of sellers running out of BOJs to hand over to the BOJ, the same may be taking place in Europe

Mass Confusion: Fate Of US Treasurys Is Great Unknown Amid China Dumping

Logically, the massive liquidation of USD assets by China and other emerging market central banks should put upward pressure on UST yields and will, all else equal, work at cross purposes with DM central bank QE. But all else is never really equal...

RANsquawk Week Ahead Video: US markets are expected to be quiet with the Fed's blackout period coming into effect on Wednesday 

The Situation That Smoldered For Decades Is Now Exploding

Don’t expect to see any end to desperation and instability in MENA, but do expect new demographic crises out of other regions: Indonesia, Ukraine, Pakistan, West Africa, and Brazil, with its cratering economy. It’s not inconceivable that China might bust apart politically, with centrifugal consequences. The global economy is contracting. We have indeed attained the limits to growth. Cheap oil is bygone and the capital infrastructure we have won’t run on expensive oil — including the oil industry itself. New technology or further central bank legerdemain is not going to fix that. We’re in population overshoot and a scramble is underway to bail on the places that just can’t support the people who live there. National boundaries will be defended. Sentimentalists will have to step aside. History is not a bedtime story about bunnies and kittens.

Glencore Capitulates: Scrambles To Avoid Default By Selling Equity, Dumping Assets, Cutting Dividend

Early this morning Glencore finally capitulated and admitted defeat not only on its expansionary phase (it was just last year Glencore had approached Rio Tinto to engage in a merger), but on its shareholder "friendliness", with a stunning annoucement that it would proceed in a $10 billion debt reduction, issuing $2.5 billion in equity in the form of a rights offering, sell $2 billion worth of assets (such as "proposed precious metals streaming transaction(s) and the minority participation of 3rd party strategic investors in certain of Glencore’s agriculture assets, including infrastructure"), cut working capital by $1.5 billion, cut capex and its loan book by a further $1-$1.8 billion... oh, and it would also scrap its final $1.6 billion dividend as well as next year's interim payout, saving a further $2.4 billion. All this because our "best way to trade China's blow up" was finally picking up steam.

Chinese Stocks Surge Then Tumble At The Close, Stun Market News Algos; Futures Levitate On Back Of USDJPY

Chinese stocks opened with a bang, and as we previously noted soared higher at the open after China's long 4-day holiday weekend, which however subsequently slowly (but very surely) fizzled, eating away at the hope that the 3-day drop in the Shanghai Composite would finally come to an end following comments from PBOC governor Zhou that the recent rout in Chinese stocks is almost over, and result in a relief rally in Europe and the US. Alas, all that was promptly swept away at the end of trading in China when the Shanghai Composite tumbled at close of trading to confirm just how unpleasant a "death cross" is coupled with loss of central bank control, and to push the Shanghai Composite down 2.5% for the day and 3.4% for the year.

The Virginia Shooting UNCLOAKED — Sofia Smallstorm

This is an excerpt from my new interview with researcher and film maker Sofia Smallstorm. The full interview about the Corporation of the United States will post Labor Day evening. In this important excerpt, Sofia and I cover a few of the glaring questions surrounding the alleged “shooting” of reporter Alison Parker in Virginia. As Sofia rightly notes, when our government has turned overtly criminal, “We have to question the nature of the event.”

The 1998 And 2008 Crises, Marc Faber And Trapped Central Banks

from KingWorldNews:
Today one of the greats in the business discussed the 1998 and 2008 crises, Marc Faber and trapped central banks.
Eric King: “Rick, you’ve had a chance to read the Dr. Marc Faber interview (on KWN). He was talking about the money printing binge all over the world and the fact if they are going to get the global bull market in stocks going again it’s going to require huge amounts of liquidity injections to be pumped into the system.”
Rick Rule: “Well, first off thanks for posting it. Faber is obviously comfortable interviewing with you and you tend to get the best out of him, which I appreciate because I always enjoy reading Marc. And if you look at Marc’s track record going back 20 or 30 years in the Barrons Roundtable, he’s been an amazingly prescient observer…
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The Global Elites Takedown Of The West Launches

from TheAlexJonesChannel:

The American Dream, Brought to You by Edward Bernays

from TruthStreamMedia:
JComedian George Carlin famously said “You have to be asleep to believe it.”
The concept of The American Dream, what seems like a relic of the Cold War, is hammered into our heads from childhood and constantly thrown in our faces by politicians even today.
It’s always defined as this grand idea that the game is not in any way rigged; oh no, it is instead beat into us Americans from the time we are very little that with a little elbow grease, any of us can be anything we want to be in this country, regardless of what circumstances we find ourselves born in simply because… well… this is America.
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British government surveilling 3-year-olds for ‘extremism’ while defending pedophile elitists

from Natural News:
Increasingly, the leaders of Great Britain appear to be losing their minds, further demonstrating that they seem incapable of distinguishing good, moral public policy from bad.
As noted over at Liberty Blitzkrieg, the British government has essentially launched a war on toddlers with the implementation of a policy aimed at forcing nursery school teachers to identify “extremist” children to the government.
Michael Krieger of Liberty Blitzkrieg wrote back in January of the rising insanity behind Britain’s approach to combating terrorism. A new “counter-terrorism” measure that was under consideration in the British parliament at the time would require nursery school personnel to “report” toddlers they identified as being at risk of being influenced or recruited by terrorists.
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China Central Bank Says Stock Market Has Crashed 40% Since Peak!

from The Money GPS:

filed under (unt

Hillary Just Shot Herself In The Foot With These 6 Words About Her Email Server

from Western Journalism:
Hillary Clinton took another pass at trying to answer the questions surrounding her use of a private email server as secretary of state, but once again came up short.
During an interview which aired on Friday, MSNBC’s Andrew Mitchell gave her an open-ended opportunity to address the issue squarely, but the presidential candidate responded with less than satisfying answers.
Mitchell first asked, “Did anyone in your inner-circle say this is not a good idea, let’s not do this?” regarding the use of a private server. Clinton responded with an answer that does not evoke confidence in someone seeking the highest office in the land. “You know, I was not thinking a lot [emphasis added] when I got in. There was so much work to be done. We had so many problems around the world. I didn’t really stop and think, ‘What kind of email system will there be?’”
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Tech specialist who helped Hillary Clinton set up her private email server was paid with TAXPAYER dollars

from Daily Mail:
The IT specialist who set up Hillary Clinton’s controversial private email was paid with taxpayer dollars after he helped the former Secretary of State skirt the law.
And Bryan Pagliano is finding his own words could be coming back to bite him. ‘Some things that look like good ideas…may actually have bad consequences,’ he told an IT webinar last year.
Pagliano, 39, was taken on by the State Department when Clinton was appointed the nation’s top diplomat in 2009. He had previously worked for her presidential campaign.
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Generational Sins

from TruthNeverTold:

US, NATO responsible for refugee crisis in Europe: Austrian politician

from PressTV:
The head of Austria’s opposition Freedom Party has censured the United States and the NATO for sparking the ongoing refugee crisis that has engulfed European countries.
“The USA and NATO have destroyed Iraq and Libya with their military intervention, bombs and missiles; provided financial, logistical and military support to the opposition against President [Bashar al-] Assad in Syria, and thus made possible the destruction, chaos, suffering,” and Takfirism in the region, Heinz-Christian Strache wrote on his Facebook page on Saturday.
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America is Burning, More Money Printing Coming-Rob Kirby

from USA Watchdog:

Macroeconomic analyst Rob Kirby says forget what you are hearing about the so-called “recovery.”
The powers are hiding a coming collapse. The American economy is being propped up with fraud and crime and time is running out. Kirby explains, “The whole world is grading America and America is burning. When you are burning, it is really hard to put out a message or convince people that all is well. America is failing in spades at doing this. Rigging markets and acting in a sociopathic nature doesn’t make this job easier and doesn’t make it true because they say so. They have idiots making pronouncements that a weak jobs number is good tonic and a good basis for raising rates. It clearly isn’t. . . . We are living in “Alice in Wonderland” with the comments we are getting out of this administration.”
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Silver, Gold & The Cracking Economy with David Morgan

from NorthWestLibertyNews:

Precious Metals Expert, David Morgan drops in with Jim and Jason on The Liberty Brothers Radio Show

Evidence of Clinton emailing Israel’s Iranian attack plans to reporter ignored

from Examiner:
When White House Press Secretary Josh Earnest told a room full of reporters on Friday, “I will just say on principle that the success of our democracy depends on the rule of law and there is no public official that is above the rule of law. Certainly not the President of the United States,” there should have been a cry from those attending for Earnest to stop his calculated dishonesty and non-transparency, according to more than one law enforcement official. Those accused of misconduct — even criminal activity –in the Obama administration have relied on stonewalling, deceit and news media disinformation to avoid punishment that lower level government workers are forced to endure, cops claim.
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The Default Next Move For Oil Is Down, And Here’s Why

from Wolf Street:
As traders, investors and pundits, we all like to think that what we do is akin to a science. We believe that by working harder and being smarter we can give ourselves an edge, that enough research will reveal to us the next move, either a long term trend or an intraday blip on a chart, and that we can profit from that knowledge. Usually, especially over longer time spans, we are correct in that assumption. Sometimes, however, no amount of fundamental or technical analysis will help.
Over the last week or so we have seen some violent swings in the price of oil, swings that in many ways defy logic. At times like these we have to rely on the art, rather than science, of trading and reading markets. That is not to say that traders and investors at home should be simply making wild guesses. It is just that right now, the oil markets are trading on factors other than the fundamental influences that we are used to. It is hard to chart fear and panic.
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Urban Legend Confirmed True As Archaeologists Discover Hidden Tunnels In Mexico

from DAHBOO77:

Low-Wage America

by Stephen Lendman,
US workers have little to celebrate this Labor Day weekend or any other one. America is being systematically thirdworldized – represented by weak unions complicit with management or none at all, unable to bargain effectively for higher wages.
Economic recovery is an illusion. A protracted Main Street Depression persists. Poverty is a growth industry. Around 23% of Americans wanting work can’t find it.
Most available jobs are rotten ones – temp or part-time low pay/poor or no benefit service ones with no futures. Conditions are getting worse, not better.
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Tepco Dumps Radioactive Water in Ocean To “SAVE” Pacific

from MsMilkytheclown1:

US Hegemony Takes Another Hit: Athens Denies US Request to Close Airspace for Russian Aid to Syria

from Sputnik News:
Moscow requested and received Athens’ permission to conduct flights to transport humanitarian aid to Syria in the period from September 1 to September 24, according to a diplomatic source.
Greece denied on Sunday US request to close Athens airspace (FIR Athens) for the flights of Russian aircraft with humanitarian aid to Syria, a diplomatic source in Athens said.
“On Saturday, US embassy appealed to the Greek government with a request to prohibit the flights of Russian aircraft in the FIR Athens. The Greek government refused to do so, in order not to worsen relations with Russia,” the source told RIA Novosti.
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Bee-Killing Neonics Found in 50% of Rivers and Streams Sampled in Study

by Christina Sarich, Natural Society:
The Midwestern United States first saw a burgeoning problem with super weeds, caused by GMOs. Now in a study conducted by researchers from the United States Geological Survey who collected samples from 9 sites in Nebraska and Iowa, it was found that neonicotinoids, otherwise known as bee-killing pesticides, were present in varying amounts in every single river and stream.
Although the levels of neonicotinoids varied depending on the sample site, many of the sites tested contained the pesticides in levels that are considered harmful.
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State Department Warns Russia not to Support Syrian Government

by Kurt Nimmo, Infowars:
On Saturday the US Secretary of State made a phone call to his counterpart in Russia and said Russian support for the government of Bashar al-Assad will risk a confrontation with “the anti-ISIL coalition operating in Syria.” The anti-ISIL or ISIS forces in Syria fighting to overthrow the Syrian government are virtually all jihadi extremists who have called for the establishment of a Sunni Wahhabist caliphate in the country.
The Saudi and Gulf Emirate funded and US-trained fighters, euphemistically called “rebels” by the US government and the corporate media, have captured much of the country.
In 2013 The Wall Street Journal called for assassinating al-Assad and his family.
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German Political Adviser Claims US Considered Nuking Afghanistan

by Joshua Krause, Daily Sheeple:
It’s no secret that American history is littered with examples of truly horrendous crimes, most of which were committed by our own government. In the past, the feds have been known to confiscate wealth from American citizens, conduct scientific experiments on unwitting and unwilling subjects, round up citizens into internment camps, and commit genocide against native ethnic groups, among many other crimes.
In recent years our government has apologized for these incidents, and has tried to convince us that its brutal nature is all in the past. Of course, nothing could be further from the truth; especially in regards to the use of nuclear weapons against civilian populations, which our government has never apologized for.  This actually makes sense, since they probably don’t even view mass civilian casualties as a crime in the first place. As our recent overseas wars have shown, our government still has no qualms about inflicting collateral damage, and no amount of apologizing for past crimes can cover up that fact.
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ISIS Shows Off American M16 Rifles in New Video

from RTAmerica:

Using Al-Qaeda To Fight ISIS Is Crazy And Dangerous – Col. Lawrence Wilkerson

from The News Doctors:
College of William & Mary Professor and Ron Paul Institute Academic Board Member Lawrence Wilkerson frankly assesses that former United States General and Central Intelligence Agency (CIA) Director David Petraeus’proposal that the US support al-Qaeda to fight the Islamic State (ISIS) is a “crazy idea” that creates a blowback danger for Americans. Wilkerson declared this assessment in an interview Thursday with RT host Thom Hartman.
In the interview, Wilkerson, a former US Army colonel and chief of staff for Secretary of State Colin Powell, elaborates on his conclusion by warning:
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FL Pro-Life Activist: If Gay Pride Flag Can Fly Over City Hall, So Can Pro-Life Flag

by Susan Jones, CNSnews:

For the second year in a row, a Florida activist is asking his mayor to fly a pro-life flag at City Hall.
Scott Mahurin is president of Florida Preborn Rescue, a pro-life group in St. Petersburg. St. Petersburg mayor Rick Kriseman has flown the gay pride flag at City Hall on two different days over the last two years to honor St. Pete Pride, a month-long gay festival in the city. In the name of “true diversity” Mahurin is petitioning to fly a pro-life flag on the same grounds.
Mayor Kriseman has turned down Mahurin’s request both years.
The mayor’s office did not respond to a request for comment from CNS News. Mahurin offered the following statement:
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