When it comes to “prepping”, many among the elite take things to an entirely different level. As you will see below, the elite are willing to pay big money for cutting edge home security measures, luxury bomb shelters and superyacht getaway submarines. Some of the things that the elite are demanding for their own protection go beyond even what we would see in a James Bond film, and serving the prepping needs of the elite has become a multi-billion dollar business. Meanwhile, the media outlets that the elite own continue to mock the rest of us for getting prepared. All the time we see headlines like this one that appeared in a major American news source: “Preppers: Meet the paranoid Americans awaiting the apocalypse“. Well, if we are paranoid for setting aside some extra food and supplies for the future, what does that make the people that you will read about in this article?
by Nadia Prupis for Common Dreams, Mint Press:
Police in Chicago kidnapped and imprisoned more than 7,000 people between 2004 and 2015 at the secret interrogation warehouse now known publicly as Homan Square, according to new reporting by the Guardian.
Nearly 6,000 of the disappeared were black, which is proportionately more than double the city’s black population and 82.2 percent of the 7,185 total individuals sent to the facility. An additional 11.8 percent were Hispanic and 5.5 percent were white.
Only 68 people—less than one percent—held at the ‘domestic black site’ were allowed access to lawyers or to tell others where they were. As Common Dreams previously reported, the imprisonments and interrogations at Homan Square happened off the books, without detainees’ names being entered into official law enforcement databases, which would have made them easier to find.
Submitted by Tyler Durden on 10/23/2015 - 09:52 Having stabilized at 2-year lows in September, October's preliminary US Manufacturing PMI printed 54.0 (smashing expectations of a small drop to 52.7). Despite collapse regional Fed surveys, and widespread job cuts across the manufacturing sector, Markit claims US Manufacturing is the strongest since May. Both output and new orders surged as input costs fell, as Markit notes, despite cycle high inventory levels, today's data "indicated a robust and accelerated expansion of production levels across the manufacturing sector." December rate-hike odds are risisng...
The biggest headline this week came from Sochi, Russia, and it plays right along the increasing war theme.
Vladimir Putting is worried that the chances of a wider global war are increasing and not decreasing. At a global conference discussing war and peace prospects, Putin said, “We had the right to expect that work on development of US missile defense system would stop. But nothing like it happened, and it continues. This is a very dangerous scenario, harmful for all, including the United States itself. The deterrent of nuclear weapons has started to lose its value, and some have even got the illusion that a real victory of one of the sides can be achieved in a global conflict, without irreversible consequences for the winner itself – if there is a winner at all.”
One of the common complaints heard about the U.S. financial regulatory system is that it’s so fragmented that one hand doesn’t know what the other is doing. For example, both the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board of Governors (Fed) regulate the largest banks – including the biggest banks on Wall Street. But neither of these regulators has any clarity on the securities trading risks that these banks holding trillions in insured deposits are taking. Neither does the FDIC that insures the deposits with backstopping from the taxpayer. That’s the Securities and Exchange Commission’s job. The same banks are also taking big risks in commodities and futures trading – but that’s left to the oversight of the Commodity Futures Trading Commission (CFTC). And on and on it goes.
A speech given yesterday by Thomas J. Curry, Comptroller of the Currency, underscores the dangers of this fragmented system, which effectively allows Wall Street to run wild by hiding systemic risks in the abundant cracks of this system: A system Wall Street itself designed through lobby pressure on Congress and regulators and a gold-plated revolving door.
“Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country.
When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin!
Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out.”
While lawmakers seem to have no problem finding funds for bombs fighter jets and terrorists in Syria and Iraq, it seems that it is much more difficult for them to find money to pay American soldiers for their service and pay for their healthcare once that service is over.
This is because Congressional Defense leaders on Tuesday announced that they are looking to enact more “entitlement and personnel reforms” in 2016.
The bill being submitted and debated by Congress would provide a much lower than anticipated pay raise for U.S. troops beginning in January 2016. It includes cuts in the growth of military housing stipends, an introduction of new co-pays for some military drug prescriptions and a scale-down of the commissary benefit.
China Cuts Interest Rate By 25 bps, Cuts RRR by 50 bps; Futures Soar; Fed December Rate Hike Back In PlaySubmitted by Tyler Durden on 10/23/2015 - 07:22
- CHINA CUTS BANKS’ RESERVE REQUIREMENT RATIO
- CHINA CUTS 1-YEAR LENDING RATE BY 0.25 PPT
- CHINA CUTS 1-YEAR DEPOSIT RATE BY 0.25 PPT
- CHINA CUTS RESERVE RATIO BY 0.5 PPT
Submitted by Tyler Durden on 10/23/2015 - 09:36 Great news... US equity market investors (judging by the S&P 500) have now lost no money this year (and have made no money). All it took to get stocks "back to even" for 2015 was... no Fed hike, more ECB QE and more negative rates, China rate cuts, and negative EPS growth. What more do you need to BTFD?
Submitted by Tyler Durden on 10/23/2015 - 08:26 To say that China, which a few days ago reported GDP of 6.9% which "beat" expectations and which a few hours ago reported Chinese home prices rose in more than half of tracked cities for the first time in 17 months, stunned everyone with its rate cut on Friday night, meant clearly for the benefit of US stocks, as well as the global commodity market, is an understatement: nobody expected this. As a result strategists have been scrambling to put China's 6th rate cut in the past year (one taking place just ahead of this weekend's Fifth plenum) in context. Here are the first responses we have seen this morning.
Futures Are Firm On Hope Draghi Will Give Green Light To BTFD." And boy did Draghi give a green light, that and then some, when his press conference unleashed one of the biggest one-day US equity rallies in 2015. This morning it has been more of the same, with global market momentum on the heels of Draghi's confirmation that Europe's economy is again backsliding (it's a good thing, if only for stocks), leading to momentum for US equity futures, which together with soaring tech/cloud, earnings if no other, are on their way to take out recent all time highs.
Good evening Ladies and Gentlemen:
Here are the following closes for gold and silver today:
Gold: $1166.60 down $1.00 (comex closing time)
Silver $15.82 up 12 cents.
In the access market 5:15 pm
First, here is an outline of what will be discussed tonight:
At the gold comex today, we had a very good delivery day, registering 44 notices for 4400 ounces Silver saw 15 notices for 75,000 oz.
With 10 weeks remaining in 2015, the US Mint is nearing a new all-time sales record on Silver Eagles, for the second consecutive year:
With another 2,931,500 Silver Eagles sold in October as of the 22nd, the Mint has now sold a total of 38,986,000 Silver Eagle coins in 2015, nearly 90% of the Mint’s record of 44,006,000 coins set last year in 2014.
filed under (unt
Russian President Vladimir Putin on Thursday accused the West of playing a “double game” with terrorist groups in Syria, where both Moscow and a US-led coalition are conducting separate bombing campaigns.
“It’s always difficult to play a double game: declaring a fight against terrorists while simultaneously trying to use some of them to arrange the pieces on the Middle East chess board in one’s own interests,” Putin said at a meeting of political scientists in Sochi known as the Valdai Club.
“It is impossible to prevail over terrorism if some of the terrorists are being used as a battering ram to overthrow undesirable regimes,” Putin said.
Yes a manual on how to speak about gun control. This manual was done by Rosa DeLauro’s husband’s law firm Stanley Greenberg. This manual was distributed prior to Sandy Hook. It’s fairly long so I have transcribed it to audio for your listening pleasure.