"Anything that protects the Syrian people and Syria from partition, we will not spare any effort to carry it out with our Saudi and Turkish brothers, no matter what this is. If a military intervention will protect the Syrian people from the brutality of the regime, we will do it."
The whopping €3 billion inducement negotiated between Turkey and German Chancellor Angela Merkel is already being sneered at by the Turkish government, with the country’s Prime Minister Ahmet Davutoğlu stating in an interview that he didn’t intend for his country to become a “concentration camp” for migrants either – implying the nation will not stop migrants going to Europe.
The deal, struck last week, shocked observers across the continent not just because of the huge sums of money involved, but also due to the promise from the European Union that they would “liberalise” visa restrictions between the EU and Turkey. Mrs. Merkel followed up with a visit to Ankara this weekend where she pledged to fast-track Turkish EU membership, a policy backed by British Prime Minister David Cameron.
CEO Of Europe's Largest Zinc Producer Hints At Default: Bonds Hit Record Lows, Stock Plunges Most EverComplacency seemed ready to set back in, with Glencore stock recently rising as high as its recent equity offering price of 125p. And then today we noticed that not only is Glencore's CDS back above 700 bps, the widest it has been in three weeks, but that another mining company has fallen into the market's crosshairs, this time Belgium-based (with Zurich HQ) Nyrstar NV, Europe's largest refined-zinc producer, whose stock crashed the most since its initial public offering in 2007, while it bonds tumbled to a yield of 19%, suggesting a default may be imminent.
Submitted by Tyler Durden on 10/22/2015 - 12:47 History supports two narratives of rising inequality leading to social disintegration and political instability: one is inequality between the top classes and everyone else, and the the other is rising inequality within the top classes. When the pie starts shrinking and there aren't enough slices to satisfy the rising expectations of the top class, the elites splinter in profound political disunity.
Submitted by Tyler Durden on 10/22/2015 - 10:23 September Existing Home Sales fell 6.5% from August, but you will not see that in the headlines as after adjustments for seasonals, existing home sales actually rose in September by 4.7%, bouncing back from a 5.0% revised lower drop in August (and beating expectatations of a mere 1.5% rise). 2015 has seen unprecedented volatility in the NAR's reported data, but a they note, "Unfortunately, first–time buyers are still failing to generate any meaningful traction this year."
The Morning After: Valeant Default Risk Soars After Called Next "Tyco", Sellside "Analysts" HumiliatedAs always happens after shocking events like yesterday which "nobody could have possibly predicted", watching the Penguin gallery reel in its humiliation is absolutely worth the price of admission.
The Victory Report:
As the alternative media as a whole seems poised to eternally sing the praises of the Russian Federation in stymieing the Anglo-American Establishment’s imperialistic aims in Syria, entrenched in analysis of the 2D Chessboard of geopolitics, this author’s contrarian nature has seen fit to call attention to the 3D Chessboard unifying these seemingly disparate nation-states.
Today’s game? Agenda 21. Its playing piece of choice? The seemingly autonomous nation of Russia.
TCHAPPiE is a movie about a police robot with advanced artificial intelligence who gets kidnapped by gangsters. However, the true story of the movie is told through allegory and symbols: CHAPPiE is about the abandonment of old religions for a new, futuristic, transhumanist religion.
Warning: Massive spoilers ahead!
CHAPPiE was created by Neill Blomkamp’s, the South African director who is also behind District 9 and Elysium. As in his two previous films, Blomkamp hides a deeper message beneath the guns, the robots and the gangsters, one that even goes in the spiritual realm.
Just when you thought Wall Street’s heist of the U.S. financial system couldn’t get any crazier, along comes a regulator’s report on FDIC-insured banks exposure to derivatives. According to the Office of the Comptroller of the Currency (OCC), one of the regulators of national banks, as of June 30 of this year, Goldman Sachs Bank USA had $78 billion in deposits, and – wait for it – $45.7 trillion in notional amount of derivatives. (Notional means face amount of derivatives.) According to the OCC report, Goldman Sachs Bank USA’s notional derivatives are an eye-popping 563 percent of its risk-based capital. You and every other little guy in America is backstopping this bank because it’s, amazingly, FDIC insured.