Saturday, November 7, 2015

"The 2008 Crisis Didn't Come From Nowhere," Jim Grant Slams The Fed's Utopian World Of "Economic Sleepwalking"




"The Fed is a relic of the age of command and control. The Fed is an anachronism,” Grant tells Bloomberg TV in this excellent interview, "The Fed ought to get out of the business of masterminding ‘the American enterprise,’ what we call the U.S. economy." Central bankers, Grant adds, by pressing rates to nothing, have given rise to this "very pleasant kind of inflation we call bull markets." While bull markets are great insofar as they reflect what is actually going on, "they are very dangerous to the extent that they are the artificial creation of artificial interest rates."

Putin's Multi-Millionaire Media Mogul Dies Of Mysterious "Heart Attack" In Luxury DC Hotel





Biderman: "Welcome To The First Global Recession Created By Central Bankers"

"Things are crazy," says Charles Biderman summing up this bizarre situation. "We’re seeing the impact of the global slowdown on the US and that’s going to continue" adds the TrimTabs founder, and, in contrast to the mainstream view on Wall Street, he doesn’t think that the Fed is going to raise interest rates (and is more likely to start a new stimulus program). "Ultimately there will be a major correction," he warns and any new stimulus will merely serve the drug-addicted market.

The Fate Of The December Rate Hike Is In Their Hands





The Looming Death Of Small Business In America (In 1 Simple Chart)

The latest small business survey from NFIB shows mounting pressures for small business resulting from limited pricing power and modestly rising wages (in fact the worst pressure since 2008's crash and 1999/2000's plunge). This has not ended well in the past...



"$19,000 Premiums, Up 4x Since Passage": The 'Crippling Effect' Of Obamacare On The Middle Class

"Not happy w $19k/yr prems, up 4x since ACA. Destruction of small business, middle class & private ins market "



A Nation Of Immigrants: Where America's Newest Citizens Come From

As mass migration (otherwise known as refugee crises) remains a topic of concern for much of the world, an increasing number of the world's population is choosing to become American citizens (even as those renouncing American citizenship hits record highs). As MarketWatch notes, nearly 800,000 people decided to become American citizens in the last 12 months and more than a third of them came from Asia...



The End Of Rebalancing: Marginal Productivity Of Chinese Debt Goes From Bad To Much Worse

Taking the Chinese GDP statistics at face value (an increasingly big assumption these days) we point out a rather ominous scenario which seems to be developing in the productivity dynamics of Chinese debt-financed growth.



One Day After Obama Kills Keystone XL Pipeline Another Buffett-Owned Oil Tanker Train Derails In Wisconsin

It must be somewhat ironic for the U.S. progressive moment that a day after Obama officially slammed the seal shut on Transcanada's Keystone XL pipeline after a seven year "review" (and days after the company itself withdrew its application, something which the admin ignored just so it could have the final say on the mater), moments ago an oil tanker train derailed north of Alma, Wisconsin along the Mississippi River 80 miles south of Minneapolis, with at least 32 cars off the tracks.



Making The World A More Dangerous Place

Forget anything you might read about “brutal dictators” that need to go or the importance of “democracy” to the region. That's dumbed-down pablum for the masses and has literally nothing to do with the motivations of the (clinically insane) external power brokers actually driving the events on the ground and crafting the narrative that is faithfully scribed and re-told by the media. In fact, disturbingly often, the scribed narrative is exactly opposite of the truth.



The Mangled End Of Markets: An Unambiguous Signal Of Malfunction If Not Distress

While the stock market had one of its best months in years, it was, like the jobs report, uncorroborated by almost everything else. The junk bond bubble, in particular, stands in sharp and stark refutation of whatever stocks might be incorporating, especially if that might be based upon assumptions of Yellen’s re-found backbone. As noted on several prior occasions, swap spreads have been sinking fast and to unprecedented levels. Though mainstream commentary will provide plausible-sounding excuses, mostly about corporate or even UST issuance, that is only because these places will not even consider that Janet Yellen has it all wrong; thus, they only search for possibilities that allow that narrative to remain undisturbed even though that narrative itself can never account for negative spreads.

Gold Within Striking Distance Of 5-Year After NFP

from Gold Silver Worlds:

By now, you’ve no doubt heard about today’s essentially perfect Non-Farm Payrolls number and the resulting surge it’s caused in the dollar. This report, and its resulting implications for Federal Reserve monetary policy will be dissected six ways to Sunday over the next couple weeks, but one of the most pressing developments is the resulting weakness in gold prices.
Gold is set to close lower for its eighth consecutive day, with the yellow metal trading nearly 80 points from the levels seen just two weeks ago. The commodity has sliced through all of the possible near-term support levels along the way, including previous bullish trend line support and the key psychological level at 1100. Now, gold is within striking distance of its nearly six-year low around 1080, leaving traders wondering, “Will we ever see a bottom?”
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Ideal Liver Fuel: Super Foods That Detox Liver and Cleanse Liver Toxin Naturally

by Geary Andrew, Natural News:

There are many foods that can help cleanse the liver naturally by stimulating its natural ability to clean toxic waste from the body. The necessity for detoxification or detox, comes from the concern that toxins are constantly bombarding and accumulating in our bodies. Toxins are chemicals with potentially harmful effects. Eat these foods daily to help cleanse and detox your liver naturally and help clear toxic waste from your body.
Lemons
Lemons love your liver and your liver loves them right back! Lemons are a natural cleansing food and essentially one of the best to “get things going” in all areas of your body. Lemons provide a wealth of antioxidants, primarily Vitamin C, and they help your liver produce more enzymes which give you more energy and help with digestion.
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Most Americans Unprepared for Financial Emergencies: Over 60% have less than $1,000 in Savings

from Off Grid Survival:

According to a new study, most Americans are incredibly unprepared to face even small-scale financial emergencies. In fact, according to a recent Google Consumer Survey approximately 62% of Americans have less than $1,000 in savings. The numbers are backed up by another recent survey conducted by Bankrate.comthat found 62% of Americans have no emergency savings for emergencies like a $1,000 emergency room visit or even a $500 vehicle repair.
While these numbers may be shocking to some, they are actually not that surprising when you look at the numbers.
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If Cannabis Can Kill “Incurable” Brain Cancer, Why Is It Criminalized?

from The Sleuth Journal:

Cannabis contains a compound that may kill brain cancers that chemotherapy and radiation can’t touch, so why isn’t it being used today? 
In recent years, we’ve focused heavily on educating our readers about the still relatively unknown role that cancer stem cells play in cancer, both in terms of conventional cancer treatment failure and the exceptionally promising role that natural interventions play in targeting these highly malignant cells.
It is encouraging to witness a growing awareness that cancer has been completely misunderstood, and that in order to make progress against the global epidemic we will have to go back to the wisdom of the ancients by using foods and spices instead of toxic chemicals and radiation to fight a disease that should be classified more as a survival mechanism unmasked than an inexorably lethal, genetically-driven condition.

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Europe’s Largest Gold Dealer Targets Asian Demand & $1,500 Gold Price

by Samuel Bryan, Schiff Gold:

The CEO of Degussa Golchandel, the largest precious metals bullion dealer in Europe, explained why he disagrees with the mainstream market sentiment concerning the price of gold. Rather than dropping to $1,000 an ounce, Wolfgang Wrzesniok-Rossbach expects a $1,500 price point in the near future. He has three core reasons for this analysis: speculative investors have largely stopped selling paper gold, physical demand for both jewelry and bullion is rising, and mine production and supply is not increasing.
He also explained why Degussa has just opened its first Asian retail bullion store in Singapore, which is the latest evidence of the trend of physical gold moving from West to East:
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White House Prepares for EMP That Would “Wipe Out Power, Render Cellphones and Internet Useless”

by Mac Slavo, SHTFPlan:

Every prepper knows about the possibility – even eventuality – of an EMP attack, and most have taken some basic precautions.
Washington and the powers that be know about the threat of an EMP, too, of course, which could come from a powerful solar flare or more dramatically from a foreign enemy.
Nearly everyone admits that such an event would take out the grid, and leave the mass population without power, food, water and other essential services, triggering riots, chaos and mass death within days and weeks.
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Political Prisoner Killed By Federal Mafia

from TheAlexJonesChannel:


China Buys Another 14 Tons Of Gold In October As FX Reserves Unexpectedly Rebound

from Zero Hedge:
Today we got yet another confirmation that China’s July announcement on its gold holdings merely broke the seal of accumulation when the PBOC reported that its total gold holdings as of October 31 had risen to a record $63.3 billion, up $2.1 billion from $61.2 billion at the end of September, and an increase of 14 tons based on the month-end LBMA gold fix price. This represents the fifth consecutive month in a row in which China has added to its gold.
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