Submitted by Tyler Durden on 10/05/2015 - 18:01
Submitted by Tyler Durden on 10/05/2015 - 17:14 Earlier today the US decided to jump right on it, and as CNN reported, accordint to the latest U.S. assessment of Moscow's activity in western Syria, "Russia has moved several ground combat weapons and troops into the area to potentially back up Syrian forces in the field planning to attack anti-regime forces, according to two U.S. defense officials."
Submitted by Tyler Durden on 10/05/2015 - 20:59
Submitted by Tyler Durden on 10/05/2015 - 20:30 For many years now, it’s been clear that China would soon be pulling the strings in the U.S. financial system. In 2015, the American people owe the Chinese government nearly $1.5 trillion. Of course, the Chinese aren’t stupid. They realize we are both trapped.China has recently put into place a covert plan to get back as much of its money as possible - by extracting colossal sums from both the United States government and ordinary citizens, like you and me.
Submitted by Tyler Durden on 10/05/2015 - 20:00 Presented with no comment...
Submitted by Tyler Durden on 10/05/2015 - 19:24
Saudi Oil Minister Puts On Brave Face Amid Severe Headwinds: "Eventually, Economic Producers Will Prevail"Submitted by Tyler Durden on 10/05/2015 - 19:01 "The world needs a reliable, sustainable supply. Best way to do it is to make sure that demand and supply should be equal, so there will not be fluctuation of price. The biggest problem for everybody, producer and consumer today, is fluctuation — the ups and downs."
Submitted by Tyler Durden on 10/05/2015 - 18:51 "Investors" are so desperate to hold on to short-term paper that they paid $100 for a 3-month Treasury-bill at today's auction. That is a 0% yield - for the first time ever - lower even than the auction right after Lehman's bankruptcy in Nov 2008.
Submitted by Tyler Durden on 10/05/2015 - 18:45 "Regarding the large-scale use of the Black Sea Fleet in this operation, I don't think it will happen, but in terms of a coastal blockade, I think that [is] quite [possible]. The delivery of artillery strikes hasn't been excluded; the ships are ready for this."
Monsanto already succeeded in passing Rep. Mike Pompeo’s H.R. 1599 bill, otherwise known as the DARK Act, in the House this summer by a vote of 275 to 150. Now we need to make sure we stop their dangerous plan from going through the Senate.
The Senate Agricultural Committee, which is heavily influenced by companies like Monsanto, has scheduled a hearing on October 21st, just three weeks away, to try to take state’s rights to label GMO away from them. This means that big wins in Vermont and Maui County would become null and void. It also means you would never know if you were eating a GM product or not when you pick up food in grocery store aisles.
VLADIMIR Putin is preparing to send 150,000 troops to Syria in a bid to wipe out the evil Islamic State once and for all.
The Russian leader is reportedly mounting an enormous military mission to take control of the terror group’s stronghold of Raqqa.
The city is the self-declared capital of ISIS in Syria and is patrolled by as many as 5,000 jihadi members.
Putin is set to mobilise 150,000 reservists who he conscripted into the military earlier this week.
The world’s third-largest economy might be in a recession.
On Wednesday, Japan announced that its industrial output fell 0.5% in August. That might not sound like a lot, but this was the second month straight that Japan’s industrial output fell.
Industrial output measures the amount of goods an economy produces. When industrial output falls, it usually means the economy is slowing.
Japan’s economy already shrank 1.2% during the second quarter. Now, economists are worried that Japan’s economy shrank again during the third quarter, which ended on September 30.
Shares in Australian gold miners rallied hard on Monday, with Northern Star Resources even hitting a new all-time high on an improved outlook for the precious metal.
The spot gold price jumped 2.2 per cent to $US1136 an ounce on Friday night, the biggest increase since mid-January, after a lacklustre US jobs report dented expectations the US Federal Reserve will lift rates this year.
“Today could be a game-changer, because nobody expected this sort of a jobs report,” George Gero, precious metals strategist for RBC Capital Markets, said.
Last week we wrote about the invisible hand’s removal of a negative paragraph on the financial industry from the Pope’s speech before a joint session of Congress and some bizarre shenanigans with Fed Chair Janet Yellen’s highly anticipated speech in Amherst, Massachusetts. This past Saturday, Adam Posen, the President of a powerful think tank, the Peterson Institute for International Economics, delivered a speech at a conference sponsored by the Federal Reserve Bank of Boston, calling the U.S. Financial Stability Oversight Council (FSOC) “a mess.” That speech has gone missing from online access.
FSOC is the body created under the Dodd-Frank financial reform legislation of 2010 to reassure the American people that Wall Street would never again be able to take the U.S. economy, the financial system, and the housing market to the cleaners and then get a multi-trillion dollar bailout. FSOC is chaired by the U.S. Treasury Secretary, Jack Lew (an alumnus of the biggest bailout recipient, Citigroup), along with the heads of every other major U.S. financial regulator.
Dear Friend of GATA and Gold:
Sprott Asset Management Inc., the Canadian investment firm best known for precious metals, doesn’t want to be known solely for precious metals anymore.
The protracted bear market for commodities has forced the fund to diversify its investments and shift focus away from the resource sector, where it profited so substantially during the bull market of the 2000s.
Company chief executive John Wilson, who was brought on in 2012 to help lead the shift, says more than 80 percent of the company’s actively managed business is not related to resources at all today, compared with only about a quarter in 2012.
In September, authorities banned cars from the streets of Paris in preparation for the 2015 Climate Change conference. Governments are behind the climate change propaganda because they want to introduce a per mile driven tax. A core group of academics is on board because the government pays them to put out studies to justify the need for more taxes.
It would be nice to see these people giving up their cars and trying to ride their bikes in 1 meter of snow. But they believe in government as if those people ever tell the truth.
For many years, I’ve provided consultation for those who have come to the conclusion that they are living in a country that is removing both their freedom and their wealth. In many cases, they have already reached the conclusion that they need to internationalise and only need guidance as to how they can effectively internationalise themselves.
Today, the number of people who see the writing on the wall is growing exponentially, but the great majority of the new crowd are coming to the realisation rather late in the game and haven’t done the requisite planning. In fact, many of them so greatly fear change that they cannot bring themselves to take the necessary steps.
The Yogi Berra quote above, which was brought to my attention this week, seems an apt description of where the markets and the economy are today. Nobody is quite sure where we are or where we’re going, but we all seem to think we’re going to get there soon.
I think it’s pretty much a given that we’re in for a cyclical bear market in the coming quarters. The question is, will it be 1998 or 2001/2007? Will the recovery look V-shaped, or will it drag out? Remember, there is always a recovery. But at the same time, there is always a recession out in front of us; and that fact of life is what makes for long and difficult recoveries, not to mention very deep bear markets.
The open interest on the Comex for the December contract is approximately 293 thousand contracts (final number as of Friday is not posted until Monday morning). That represents approximately 29 million ounces of gold.
Yet, as of Friday (Oct 2), the Comex vault operators were reporting 161,642 ozs of gold in their “registered” vault accounts, which is the amount of gold that has been declared eligible for delivery.
This means that the ratio of December open interest to deliverable gold is approximately 180:1.
In 2008 when he was first running for president, then-Senator Barack Obama of Illinois said he wanted to tackle the high cost of health care in the United States.
In 2009, his first year in office, he began pushing legislation that would eventually – and not-so-endearingly – be labeled “Obamacare,” a massive bill that the newly elected chief executive promised would curb the growth of healthcare costs.
In 2010, when a Democrat majority passed the Affordable Care Act, Obama and his congressional supporters swore that the new law would lower healthcare expenditures and make it more affordable for more Americans.
Submitted by Tyler Durden on 10/05/2015 - 21:30 The popular belief that the U.S. economy has been steadily recovering has endured months of disappointing data without losing much of its appeal. But the downright dismal September jobs report that was released last Friday may prove to be the flashing red beacon that even the most skilled apologists can't explain away. But rather than questioning the Fed's credibility in missing another forecast, most economists are lauding it for supposedly seeing weakness that others missed, which allowed it to wisely do nothing in September. But this is simply a continuation of the Fed's long-standing playbook: Talk the economy up through optimistic statements while continually holding off an actual rate hike that the Fed is concerned could undermine an economy teetering on the brink of recession.
by Paul Joseph Watson, Infowars:
With hundreds of thousands more migrants set to pour into Sweden, a Bishop in Stockholm has proposed removing crosses from a Christian church and replacing them with Islamic symbols in order to cater for Muslims.