Most Americans have absolutely no idea how incredibly vulnerable our electrical grid is, but Ted Koppel does. For many years, Koppel was the level-headed host of Nightline on ABC, but now he is issuing a very chilling warning to America. For more than a year, he investigated potential threats to our power grid, and he has detailed what he discovered in a new book entitled “Lights Out“. He is convinced that a massive cyberattack could take down our entire electrical grid for an extended period of time, and he was horrified to learn that the Department of Homeland Security really doesn’t have a plan for how to deal with this kind of a scenario.
What Koppel found out during the course of his investigation freaked him out so much that he actually decided to buy freeze-dried food for himself, his children, and even his grandchildren.
Read More…
by Mac Slavo, SHTFplan:
Ron Paul has written another column advocating the auditing of, and eventually shutting down, the Federal Reserve system.
Until the United States has the political will to tackle this important issue, America is in grave danger of “a series of ever-worsening economic crises” which will wear down the purchasing power of the dollar while further eroding the standard of living for everyone.
In stark terms, Dr. Paul warns that this country and the world will “soon experience a major economic crisis” unless they change course on monetary and economic policy.
Read More
Ron Paul has written another column advocating the auditing of, and eventually shutting down, the Federal Reserve system.Until the United States has the political will to tackle this important issue, America is in grave danger of “a series of ever-worsening economic crises” which will wear down the purchasing power of the dollar while further eroding the standard of living for everyone.
In stark terms, Dr. Paul warns that this country and the world will “soon experience a major economic crisis” unless they change course on monetary and economic policy.
Read More
The Biggest Threat To Oil Prices: 2-Mile Long Stretch Of Iraq Oil Tankers Headed For The U.S.
"It's A Bloodbath" - Here Is The Biggest Casualty Of Canada's Recession
"It is a bloodbath. We’re at the highest point of fear and uncertainty now.... God only knows what’ll happen if oil doesn’t rebound. I try not to let that penetrate my mind."
The World's Biggest Bond Bubble Continues To Burst As China Suffers More Defaults
“Debt wasn’t a problem during the boom years because profits kept growing. But it’s not sustainable when the economy slows."
The SEC Cracks Down On The Biggest Market Threat: Short Sellers On Twitter
It's not HFTs; It's not global orchestrated central bank intervention in "markets"; it is not even confirmed manipulation of virtually every asset class by the Too Big To Prosecute banks, who instead of doing research spent time colluding in anonymous chat rooms how to manipulate everything from FX, to Treasurys, to gold. No: according to the SEC what is truly broken with the markets, and why two-thirds of Millennials have lost faith in stocks, are short sellers "manipulating" stock prices on twitter.
December Is Not The 'Done Deal' The Market Thinks
Listening to the mainstream media would imply that the Fed has made the decision already; but Fed Funds Futures are priced (as-of 11/10/2015) for only a 66% chance of the Fed raising to 0.25%-0.50% in December. It isn't the foregone conclusion you would think after watching CNBC. We do not think the Fed will have enough time of relative solace to raise even once before a global slowdown/recession is obvious in the U.S.
EUR Slides On News ECB May Expand QE To Muni Bonds Next
After a disappointingly un-uber-dovish speech this morning by Draghi,it appears The ECB needed to full ease-tard to make sure 'markets' believe. EURUSD tumbld 50 pips - to the lows of the day - after Reuters reports that, in what is becoming increasingly clear desperation, The ECB is mulling buying the debt of cities and regions.
An Almost Perfect Storm Of Incompetence And Felony
Submitted by Tyler Durden on 11/11/2015 - 10:30 "People of privilege will always risk their complete destruction rather than surrender any material part of their advantage. Intellectual myopia, often called stupidity, is no doubt a reason."
More Missouri Drama: Campus Police Arrest Suspect For Threatening To "Shoot Every Black Person I See"
A suspect was in custody this morning for making online threats to shoot black students at the University of Missouri following the racial protests that prompted the school's president and chancellor to step down this week, campus police said. The announcement followed a post on the social media app Yik Yak on Tuesday, tagged for the college town Columbia. The posting read: "I'm going to stand my ground tomorrow and shoot every black person I see."
BABA Battered As Macro Fears & Counterfeit Concerns Trump Singles-Day Celebrations
The headline-making celebrations of the mind-blowing numbers associated with China's Singles-Day sales drove investors to buy BABA ahead of the open in excited 'everything is awesome' anticipation. However, between 'sell the news' profit-takers, weak China macro, and a WSJ story confirming our recent fears on counterfeit goods, BABA is now down over 4% on the day, back below the 200-day moving average.
US Equities Give Up China, Japan "Bad News Is Good News" Gains
Well that didn't last long. After diappointing data from Japan (very weak Reuters Tankan), and China overnight confirming the weekend's dire trade data (and crushing the soft survey-based idiocy of the PMIs), global equity markets ramped abruptly because "bad news is good news" still in China - meaning moar stimulus is due. However, Draghi's lack of exuberance this morning, and the reality of Macy's outlook reflection on the US consumer have dragged all the overnight gains back into the red...
"No QE For You!": ECB May Cut "Lifeline" To Portugal After Socialists Overthrow Government
In what sounds like the plot of a McCarthy-era propaganda spy novel, the Socialists and Communists have overthrown the government in Portugal. That means it's time for the troika to start pushing back against the undesirables by threatening the country with financial ruin. Just call it "tough love."
Valeant Fiasco Hits Biggest Holder: Sequoia Suffers Largest Outflow Of The Year, And Why It Could Get Worse
Ruane Cunniff & Goldfarb, the investment firm that runs the Sequoia Fund, was Valeant’s largest shareholder as of June 30, with VRX shares growing to 29% of Sequoia’s portfolio at midyear. The latest outflow is a continuation of previous redemptions: "in the first 10 months of 2015, Sequoia Fund’s outflows totaled about $213 million, Bloomberg data show, after investors withdrew more than $500 million in 2014."
Judgment Day Looms - US 10Y Yield Hitting Key Resistance
With the US bond markets closed for Veterans' Day, it is time to take a breath and examine how far (and how fast) yields have moved in the last few weeks. With the entire curve bursting higher, we focus on the 10Y yield which will need to fight through critical resistance here if rates are to continue to rise.
Mob-Violence-Inciting University Of Missouri Media Professor Resigns
A victory for common-sense? Who knows anymore. But following the disgusting debacle on Mizzou's campus yesterday, Melissa Click - the media professor who incited mob violence against a reporter who was doing his job - has reportedly resigned. As NYTimes reports, Click noted in a statement, "I regret the language and strategies I used," which we suspect, roughly translated, means "I regret being caught bullying a reporter." The university seems to be distancing itself from Click, noting that her position was a "courtesy appointment."
Macy's Blames "Tepid Spending" On Revenue Miss: Same Store Sales Tumble; Slashes Guidance
The "unexpected" weakness among US consumption, that segment accountable for 70% of US GDP, continues this morning when moments ago Macy's reported a trifecta of weak data, reporting a miss on Q3 sales which came at $5.87 billion below the $6.1 billion expected, and down from the $6.2 billion a year ago, but also a plunge in comparable store sales which tumbled by 3.9%, far worse than the expected drop of -0.4%, and nearly three times as bad as the 1.4% drop a year ago.
Forget Oil, Base Metals Collapse 50% From 2011 Highs
Bloomberg's global commodities index is testing fresh 16 year lows but this is often excused on the basis that it includes crude oil weakness - which will mean-revert higher any day now. Perhaps the bigger, even louder warning signal is directly from the basest of base industrial metals... which are now down 50% from their 2011 "reflate the world" highs.
Global Stocks Break 5 Day Losing Streak As Poor Chinese Data Sparks Hope For More Stimulus
For the third day in a row, China dominated the overnight newsflow with the latest industrial output data, which printed at 5.6% missing expectations of a 5.8% increase, and was tied with March for the lowest print since late 2008.
The Deep State: The Unelected Shadow Government Is Here To Stay
America’s next president will inherit more than a bitterly divided nation teetering on the brink of financial catastrophe when he or she assumes office. He will also inherit a shadow government, one that is fully operational and staffed by unelected officials who are, in essence, running the country. To be precise, however, the future president will actually inherit not one but two shadow governments.
Which 2 Nations Received 75% Of America's $5.9 Billion Foreign Military Financing?
According to the U.S. State Government 2013-2015 Foreign Assistance report, an estimated $5.9 billion was spent on foreign military funding alone in fiscal year 2014. This is equivalent to 17% of the estimated $35 billion spent on total global aid discussed in our previous article. U.S. foreign military aid to countries ranged from $200,000 to $3.1 billion. Of the top 10 recipients, two countries received 75% of the $5.9 billion.
On The Verge Of The Great Unraveling, Looking Back From 2050
Empires, like adolescents, think they’ll live forever. In geopolitics, as in biology, expiration dates are never visible. When death comes, it’s always a shock. "At the beginning of the great unraveling, in 2015, I was still a young man. Like everyone else, I didn’t see this coming. Today, in 2050, fewer and fewer people can recall what it was like to live among those leviathans... Thirty-five years and endless catastrophes later on a poorer, bleaker, less hospitable planet, it’s clear that we just weren’t paying sufficient attention. Had we been listening, we would have heard the termites. There, in the basement of our common home, they were eating the very foundations out from under us. Suddenly, before we knew quite what was happening, all that was solid had melted into air."Inside The Fukushima Radioactive Wasteland: A Trip Through The "Exclusion Zone"
Finland To House Refugees In Shipping Containers
First the good news: with a cold winter about to slam Europe where thousand of refugees make their way north every day, and where many of these migrants have been scrambling to find any form of lodging ahead of the first snow, Finland has decided to generously provide much needed housing facilities.The bad news: said facilities are empty shipping containers and tents. Neither has heating.
Supreme Court Justice Slams Cops For "Shoot First, Think Later" Mentality
“By sanctioning a ‘shoot first, think later’ approach to policing, the Court renders protections of the Fourth Amendment hollow.”
The last installment gave the readers a picture of how Russia and the United States are positioning their Special Forces assets, posturing for a potential Ghost War between the two elite groups. The previous article also presented the basic role of the U.S. Army Special Forces (Airborne). Recall that Green Berets function as “force multipliers” designed to optimize civilian human resources in an unconventional (guerrilla) warfare capacity. These resources are drawn from local indigenous personnel within the combat theater of operations.
But what of their Russian counterparts, the Spetsnaz? Not too many people are aware that the Russian warriors have a long and distinguished history that effectively begins with WWII (although their inception as deep reconnaissance battalions stem further). Spetsnaz is an acronym for (phonetic) Spetsialnoygo Nazhacheniye, or Special Reconnaissance-Intelligence units.
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from Western Journalism:
The People of Coos County, Oregon, are standing up against unconstitutional federal laws! However, according to an interview in World Net Daily, The Heritage Foundation says they are wrong to do so. So let’s see what the founders of the Constitution say…
Coos County, Oregon, has passed an ordinance that says that the Sheriff is not to enforce any unconstitutional laws in their county. But the Heritage Foundation says:
… the Supremacy Clause in the Constitution leaves “no question that federal law trumps state law”…(Hans von Spakovsky, a senior legal fellow at The Heritage Foundation)
Read More
The People of Coos County, Oregon, are standing up against unconstitutional federal laws! However, according to an interview in World Net Daily, The Heritage Foundation says they are wrong to do so. So let’s see what the founders of the Constitution say…
Coos County, Oregon, has passed an ordinance that says that the Sheriff is not to enforce any unconstitutional laws in their county. But the Heritage Foundation says:
… the Supremacy Clause in the Constitution leaves “no question that federal law trumps state law”…(Hans von Spakovsky, a senior legal fellow at The Heritage Foundation)
Read More
by Christina Sarich, Natural Society:
For an undisclosed sum, Monsanto’s Climate Corporation will sell its Precision Planting farm equipment business to Deere & Co in a move which proves how the turmoil in the agriculture sector paves way for business deals which try to save a dying multinational.
Though Monsanto is still the largest seed company in the world, it has experienced severe stock losses as of the last quarter.
Deere, the world’s largest farm equipment maker, hopes the deal will create a revenue stream in retrofitting older machinery to help offset slumping sales they are experiencing as well. Could this mean that the industrial agricultural, mono-cropping model might actually need to revisit its business plans?
Read More
For an undisclosed sum, Monsanto’s Climate Corporation will sell its Precision Planting farm equipment business to Deere & Co in a move which proves how the turmoil in the agriculture sector paves way for business deals which try to save a dying multinational.
Though Monsanto is still the largest seed company in the world, it has experienced severe stock losses as of the last quarter.
Deere, the world’s largest farm equipment maker, hopes the deal will create a revenue stream in retrofitting older machinery to help offset slumping sales they are experiencing as well. Could this mean that the industrial agricultural, mono-cropping model might actually need to revisit its business plans?
Read More
from Wolf Street:
No one in his right mind plays in commercial real estate with their own money. Other people’s money is the key. Low interest rates make it happen. Banks are eager to lend. They repackage some of these loans into highly-rated Commercial Mortgage Backed Securities that yield-desperate investors are eager to gobble up, spreading the risk far and wide.
CMBS made the prior commercial real estate bubble possible, before it all blew up in 2008. And they’re making it possible now. When it doesn’t work out, as in 2008, it isn’t that much of a problem because other people’s capital gets destroyed.
Read More
No one in his right mind plays in commercial real estate with their own money. Other people’s money is the key. Low interest rates make it happen. Banks are eager to lend. They repackage some of these loans into highly-rated Commercial Mortgage Backed Securities that yield-desperate investors are eager to gobble up, spreading the risk far and wide.
CMBS made the prior commercial real estate bubble possible, before it all blew up in 2008. And they’re making it possible now. When it doesn’t work out, as in 2008, it isn’t that much of a problem because other people’s capital gets destroyed.
Read More
from Zen Gardner:
A shocking new report defies the chronically underestimated impacts of the Fukushima’s triple meltdown on the risk of cancer in exposed populations, which does not just include Japan, but arguably the entire world.
A shocking new report defies the chronically underestimated impacts of the Fukushima’s triple meltdown on the risk of cancer in exposed populations, which does not just include Japan, but arguably the entire world.
A new report from Fairewinds Energy Education (FEE), “Cancer on the Rise in Post-Fukushima Japan,”
reveals that the ongoing multi-core nuclear meltdown at the Fukushima
Daiichi plant that started in March 2011 has produced approximately 230
times higher than normal thyroid cancers in Fukushima Prefecture, and
could result in as many as one million more cancers in Japan’s future as
a result of the meltdown.
Read More…
by Jeff Nielson, Sprott Money:
Almost certainly, everyone reading this piece will have heard the
phrase “barbarous relic” used in reference to a particular currency in
our current monetary system. The problem is that (invariably) this label
is attached to the wrong currency.
“Gold is a barbarous relic.” This phrase was originally articulated by the notorious economic charlatan, John Keynes. Keynes preached a doctrine of infinitely expanding sovereign debt, as the supposed path to economic health and prosperity. In reality, this is a recipe for nothing except inevitable, economic destruction, which is patently obvious to anyone who understands the term “compound interest” – and is capable of operating a calculator.
Read More
Almost certainly, everyone reading this piece will have heard the
phrase “barbarous relic” used in reference to a particular currency in
our current monetary system. The problem is that (invariably) this label
is attached to the wrong currency.“Gold is a barbarous relic.” This phrase was originally articulated by the notorious economic charlatan, John Keynes. Keynes preached a doctrine of infinitely expanding sovereign debt, as the supposed path to economic health and prosperity. In reality, this is a recipe for nothing except inevitable, economic destruction, which is patently obvious to anyone who understands the term “compound interest” – and is capable of operating a calculator.
Read More
from Dana Durnford, via Rense:
Before Fukushima on 3-11-11, over 6,500 different species of flora and
fauna COVERED the coastal ocean and tidal pools of spectacular British
Columbia. Now, after 4.5 years of being pounded with Fukushima radiation
both in the ocean and in the rain, there is little, if any, sea or
tidal pool life remaining. Photos don’t lie.
The radiation has annihilated all but a dozen or two species along most of the coast. In the ‘After’ photos below, you will see how only one or two kinds of green tidal plant have been able to hang on… and that’s about from the over 6,000 different species that should be there. The North Pacific is a essentially a sea of DEATH now. The vast schools of ‘food fish’ are virtually gone… no more anchovies, sardines and herring for examples. The eradication of life along the British Columbia coast is moving south, down the entire West Coast. And, sorry, these staggering losses are not caused by ‘domoic acid’, by bacteria, viruses, solar UV activity or ‘global warming.’
Read More
Before Fukushima on 3-11-11, over 6,500 different species of flora and
fauna COVERED the coastal ocean and tidal pools of spectacular British
Columbia. Now, after 4.5 years of being pounded with Fukushima radiation
both in the ocean and in the rain, there is little, if any, sea or
tidal pool life remaining. Photos don’t lie.The radiation has annihilated all but a dozen or two species along most of the coast. In the ‘After’ photos below, you will see how only one or two kinds of green tidal plant have been able to hang on… and that’s about from the over 6,000 different species that should be there. The North Pacific is a essentially a sea of DEATH now. The vast schools of ‘food fish’ are virtually gone… no more anchovies, sardines and herring for examples. The eradication of life along the British Columbia coast is moving south, down the entire West Coast. And, sorry, these staggering losses are not caused by ‘domoic acid’, by bacteria, viruses, solar UV activity or ‘global warming.’
Read More
OECD cuts global growth forecasts amid ‘deep concern’ over slowdown .. A
“deeply concerning” slowdown in trade, particularly with China, will
lead to lower global economic growth this year, says the Organisation
for Economic Co-operation and Development. Global GDP is now expected to
grow by 2.9%, down from 3% forecast in September, but will hit 3.3% in
2016 … The OECD called for the US Federal Reserve to go ahead with its
first rate hike since the financial crisis as a recovery gains steam in
the United States and Europe. Expectations of a rise in US interest
rates next month have soared following strong employment figures from
October. – BBCDominant Social Theme: It’s really bad … but it’s okay, too. The Fed should cut.
Free-Market Analysis: There’s a lot of pressure on the Federal Reserve these days to cut rates. But as we’ll show in this article, the real question is a good deal more serious and complex. First rates. This is currently the mainstream media’s financial obsession. It’s buttressed by regularly occurring news events.
Read More
by Kurt Nimmo, Infowars:
A video produced by the Media Resource Center demonstrates how little
college-age Bernie Sanders supporters understand about socialism.
Students interviewed at the University of Colorado seemed genuinely confused about basic economics. For instance, they were unable to grasp the difference between laissez-faire and crony capitalism.
The video also demonstrates the inroad made by the “social justice” crowd—basically, moral outrage directed at the wealthy—on American campuses.
Read More
A video produced by the Media Resource Center demonstrates how little
college-age Bernie Sanders supporters understand about socialism.Students interviewed at the University of Colorado seemed genuinely confused about basic economics. For instance, they were unable to grasp the difference between laissez-faire and crony capitalism.
The video also demonstrates the inroad made by the “social justice” crowd—basically, moral outrage directed at the wealthy—on American campuses.
Read More
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