The Real Issues You Won't Hear From The 2016 Presidential Candidates This Election Year
These are not problems that can be glibly dismissed with a few well-chosen words, as most politicians are inclined to do. Nor will the 2016 elections do much to alter our present course towards a police state. Indeed, it is doubtful whether the popularity contest for the new occupant of the White House will significantly alter the day-to-day life of the average American greatly at all. Those life-changing decisions are made elsewhere, by nameless, unelected government officials who have turned bureaucracy into a full-time and profitable business.
Dogfights Coming? US Sends F-15 Jets To "Counter" Russian Air Force Over Syria
Ahead of US spec ops deployment in Syria, the US is sending F-15C Eagle twin-engine fighters to Turkey, suggesting The Pentagon is preparing for aerial combat with the Russian air force.
Hugh Hendry Says "Don't Panic"; Here Is Paul Singer Explaining Why You May Want To
"The "bailout culture" often coincides with sustained weak growth because, among other consequences, successful companies have to compete with companies who are alive only because of cheap credit. Overcapacity and inefficient production are engendered by such policies, causing price and profit declines. Failure is an essential element of capitalism, and if failure is politically denied, the most effective, efficient and innovative solutions cannot "win" over the "living dead" who clutter markets and consumer baskets."
China Services PMI Rises (And Falls); Stocks Jump Led By Brokers, Exchanges On Shenzhen Trading Link Resumption
Following Caixin China Manufacturing's 'surprise' jump higher (in the face of the official PMI flat), Caixin Services PMI just beat expectations and bounced considerably to a 'healthy expanding' 52.0 (despite official Services PMI plunge), bringing the Composite PMI to 49.9 - thus proving that billions of dollars of liquidity injections, market interventions, debt transfers to SOEs, arrests, shootings, and general thuggery has fixed China. For now stocks are rallying on this news but offshore Yuan is continuing to leak back to Friday's lows. The biggest gainers are the Chinese brokerages and exchanges (HKEx is up 8%) after PBOC Governor Zhou said a trading link with Shenzhen will start this year.
US Ally Turkey Throws Journalists In Jail For "Attempting To Overthrow The Government"
Following farcical elections which saw President Tayyip Erdogan get the outcome he needed in order to press forward with a move to rewrite the constitution on the way to consolidating his power, Ankara's crackdown on the press continues as the government is now jailing opposition reporters and accusing them of attempting to orchestrate a "coup."
The Market Is Not The Economy
After Q3's magic; Q4, we have a problem...
18 Bullets Showing That A Global Recession Is Already Here
The stock market has been soaring, but all of the hard economic numbers are telling us that a major global recession is here. This is so reminiscent of what happened back in 2008. Back then, all of the fundamentals were screaming “recession” by the middle of that year, but the equity markets didn’t respond until later. It appears that a similar pattern is playing out right now. Just like in 2008, the irrational optimists are going to keep chanting their happy mantras for as long as they possibly can.
Peter Schiff On QE's Creeping Communism: Washington Joins Tokyo On The Road To Leningrad
So this is the endgame of QE:
Exploding debt, financial distortion, prolonged stagnation, recurring
recession, and the eventual government takeover of industry and the
economy. This appears to be the preferred alternative of politicians
and bankers who simply refuse to let the free markets function the way
they are supposed to. If interest rates were never manipulated by
central banks and QE had never been invented, the markets could have purged themselves years ago of the speculative bubbles and mal-investments.
Sure we could have had a deeper recession, but it also could have been
much shorter, and it could have been followed by a far more robust and
sustainable recovery. Instead Washington has joined Tokyo on the road to Leningrad.
A Caption next to picture should read... "See how big of an asshole I am...This big..."
from Off Grid Survival:
With the help of the Republicans in Congress, when President Obama signs the budget deal today he will have nearly doubled the national debt since he took office. By the end of President Obama’s term in office, the national debt is expected to hit $20 trillion.
In July of 2008, Candidate Barack Obama said at a campaign event:
”The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child.”
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With the help of the Republicans in Congress, when President Obama signs the budget deal today he will have nearly doubled the national debt since he took office. By the end of President Obama’s term in office, the national debt is expected to hit $20 trillion.
In July of 2008, Candidate Barack Obama said at a campaign event:
”The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child.”
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America's Endangered Species: Uneducated, Middle-Aged, White
An article published in the latest issue of the Proceedings of the National Academy of Sciences (PNAS), documents that, ever since 1998 in the U.S, Whites who are of non-Hispanic origin have been dying younger and younger, and that this is especially true for those Whites who are low-educated (non-BA’ed) and middle-aged (45- to 54-year-old). But it’s true also for the other age-categories of non-Hispanic Whites.China's Fixed? Stocks Pop But Yuan Drops After Services PMI Surge
Following Caixin China Manufacturing's 'surprise' jump higher (in the face of the official PMI flat), Caixin Services PMI just beat expectations and bounced considerably to 'healthy expanding' 52.0, bringing the Composite PMI to 49.9 - thus proving that billions of dollars of liquidity injections, market interventions, debt transfers to SOEs, arrests, shootings, and general thuggery has fixed China. For now stocks are rallying on this news but offshore Yuan is continuing to leak back to Friday's lows.
Housing Crisis: Australians Resort To Renting Tents As Cost Of Living Skyrockets
"Tent outside - full use of apartment - cheap - $90""I have a caravan in my driveway that I'm going to rent out."
Goldman Warns "VIX Seems Low", Significantly Underpricing Economic Uncertainty
Submitted by Tyler Durden on 11/03/2015 - 19:40 "The options market seems to either be anticipating an inflection higher in the economic data, no rate hike, or an extreme lack of catalysts between now and year-end," according to Goldman Sachs' Krag Gregory. With VIX trading with a 13 handle, Gregroy warns, it is notably under-priced relative a 19 handle more in line with economic and policy uncertainty. The potential for volatility to swing higher seems more likely. Bottom line: a VIX back at 2013-2014 levels seems low if a December rate hike really is in play.
Greek Island Runs Out Of Burial Ground Amid Flood Of Dead Refugees
"Yesterday we held five funerals, but there are still 55 bodies at the morgue," exclaims Lesbos' mayor Spyros Galinos, adding "Who could have anticipated such a carnage in the Aegean?"
The Unhackable iPhone Has Been Compromised: "Intelligence Agencies Can Intercept Calls, Messages, & Access Data"
iPhone maker Apple claimed last month that their latest iteration of the wildly popular handheld device was unhackable. But as we already know from recent hacks of Department of Defense computers, essential domestic grid infrastructure computers, and even NASA’s in-orbit spacecraft, in the digital age nothing is ever really secure. After offering a $1 million bounty, cyber security firm Zerodium confirms a hacker group has successfully compromised Apple's iOS 9. Here’s the kicker: the exploit is remote, so it can be launched on your phone without you even knowing about it.
How Beijing & The West Work Together To Manipulate The Global Currency War
If it smells like a rat it probably is a rat, and so it is with respect to these deals by collusion between China and Western governments, and their chosen corporate protégés, whether on currency or trade or investment matters. This is all an exercise in some combination of crony capitalism (with cronies on both sides!) and diplomacy by stealth. The gains and gainers are deliberately kept opaque. The losers are much less evident than the gainers, on whichever side of the fence, but principle and practice tells us that the total losses are much larger than the gains.
162 Days Later, The Treasury Finally Updates The Total US Debt Number, And It Is...
8 months later, the US Treasury finally provided an update to the latest US debt number, and here it is: as of this moment, official US public debt is $18,492,091,120,833.99, or 102.5% of GDP.President Obama’s old revolutionary pal, Bill Ayers, was front and center in the middle of a protest staged outside the Chicago Board of Trade/CME Group blocking entrances to the building and demanding a transaction tax on trades made through the exchange.
Ayers can be seen in this Fox Business live coverage emerging from the center of the of the crowd blocking the entrance. He remains center frame for almost a minute. He proceeds to stand right in front of Fox News’s Jeff Flock, as Flock gives oxygen to the protesters chanting.
Flock either does not recognize Ayers standing right in front of his face, or is not interested.
Flock also reported there have been 9 arrests at the protest.
Anyone who has ever covered a Chicago protest knows that the arrestables are pre-arranged and determined and coordinated with the Chicago Police prior to the protest. The police cuff them with wire tires, put them in the paddy wagon, and following the protest drive them around the corner and let them with a ticket or no charges at all.
I doubt Flock will be following the truck to see that happen.
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The Essence Of Modern Economics: Garbage In, Garbage Out
The fundamental problem facing today’s economy is the flagrant contempt by governments the world over for the free exchange of goods and services and private stewardship of property. Perhaps it is power and control governments are after. Maybe they believe they are improving the economy and making the world a better place for all. No one really knows for sure. But what is lucidly clear is the muddled disorder modern day economic policies have wrought upon us.
API Reports Larger-Than-Expected Total Crude Inventory Build For 6th Consecutive Week, Cushing Draw
For the sixth week in a row, API reports a larger than expected 2.8mm inventory build (though that is lower than the last few week's build). Cushing stocks, however, saw a 508k draw, easing some storage concerns. Crude oil prices remain confused for now having pumped and dumped to unch.Tesla Jumps Despite Missing, Burning Record Cash On Better Than Expected China, Outlook
The Short-Squeeze-Driven Melt-Up Continues: Crude, Copper, Stocks, & Bond Yields Soar
"It's Under Control"
America's T.I.N.A. Economy...
Why Most Investors Will Never Go Back To Stocks Again, In One Chart
... for many equities are simply, as SocGen puts it, "too scary."
Subprime Auto Goes Full-Retard: Lender Sells $154 Million ABS Deal Backed By Loans To Borrowers With No Credit
Remember Skopos Financial, the US subprime auto lender run by Santander Consumer veterans? Well, in a testament to just how desperate America is to perpetuate the US auto market "renaissance," the company just sold $154 millon worth of paper to investors partially backed by loans to borrowers with no credit score.
For years Martin Armstrong has denied market manipulation had any
effect on markets. He has taken this stance while touting the ability
of his “cycles and charts” to forecast future prices of various markets.
In his latest writing he says, “Throughout history, there has NEVER been a market manipulated TO ALTER its long-term trend – PERIOD.” Martin Armstrong, Oct 30, 2015.If you read the article he points out Bretton Woods would never have failed nor would the Swiss peg have broken. I would point out, the Bretton Woods agreement lasted in its original form for 27 years until it failed. During the 1960’s, the London Gold pool was formed to defend the dollar peg at $35 per ounce. The “pool” is officially admitted fact, it is admitted effort at “manipulation”. Maybe Mr. Armstrong does not believe 27 years is “the long term”?
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from ENE News:
Woods Hole Oceanographic Institution: In the aftermath of the 2011 tsunami off Japan, the Fukushima Dai-ichi Nuclear Power Plant released cesium-134 and other radioactive elements into the ocean at unprecedented levels. Since then, the radioactive plume has traveled west across the Pacific… any cesium-134 detected in the ocean today must have come from Fukushima…
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Woods Hole Oceanographic Institution: In the aftermath of the 2011 tsunami off Japan, the Fukushima Dai-ichi Nuclear Power Plant released cesium-134 and other radioactive elements into the ocean at unprecedented levels. Since then, the radioactive plume has traveled west across the Pacific… any cesium-134 detected in the ocean today must have come from Fukushima…
Read More…
from Casey Research:
The deals keep getting bigger…and one of the gravest financial warnings of 2015 keeps growing in relevance.
Last month, legendary investor Carl Icahn publically warned that cheap money is fueling a bubble in dealmaking. Icahn said:
…[W]hat [companies] do with the money is almost perverse. They just go in and buy another company to show analysts on Wall Street that earnings are going up, so their stock will go up and it’s financial engineering at its height.
Read Mo
by Michael Snyder, End of the American Dream:
The stock market has been soaring, but all of the hard economic numbers are telling us that a major global recession is here. This is so reminiscent of what happened back in 2008. Back then, all of the fundamentals were screaming “recession” by the middle of that year, but the equity markets didn’t respond until later. It appears that a similar pattern is playing out right now. The trade numbers, the manufacturing numbers, the inventory numbers and even the GDP numbers are all saying that a very significant economic slowdown is happening, but stock traders haven’t gotten the memo yet. In fact, stocks had an absolutely great month in October. Of course just like in 2008, stocks will eventually catch up with reality. It is just a matter of time. The following are 18 numbers that scream that a crippling global recession has arrived…
Read More…
The stock market has been soaring, but all of the hard economic numbers are telling us that a major global recession is here. This is so reminiscent of what happened back in 2008. Back then, all of the fundamentals were screaming “recession” by the middle of that year, but the equity markets didn’t respond until later. It appears that a similar pattern is playing out right now. The trade numbers, the manufacturing numbers, the inventory numbers and even the GDP numbers are all saying that a very significant economic slowdown is happening, but stock traders haven’t gotten the memo yet. In fact, stocks had an absolutely great month in October. Of course just like in 2008, stocks will eventually catch up with reality. It is just a matter of time. The following are 18 numbers that scream that a crippling global recession has arrived…
Read More…
by Jeff Thomas, International Man:
Recently, the people of Catalonia voted in favour of seceding from Spain.
In the recent election, secessionist parties secured 72 out of the 135 seats, confirming that the majority of voters want secession. Artur Mas, region president of Catalonia and the leader of the Junts pel Sí movement, is seeking independence from Spain in 18 months.
This is great news for libertarians the world over, as, to our minds, this is a clear step forward for the Catalan people and for those who seek greater freedom from governments worldwide. And, of course, any blow against the present trend toward empires is a step in the right direction.
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Recently, the people of Catalonia voted in favour of seceding from Spain.
In the recent election, secessionist parties secured 72 out of the 135 seats, confirming that the majority of voters want secession. Artur Mas, region president of Catalonia and the leader of the Junts pel Sí movement, is seeking independence from Spain in 18 months.
This is great news for libertarians the world over, as, to our minds, this is a clear step forward for the Catalan people and for those who seek greater freedom from governments worldwide. And, of course, any blow against the present trend toward empires is a step in the right direction.
Read More
from Natural News:
By policy, the FDA considers GMO foods to be substantially equivalent to their non-genetically modified counterparts, and to be generally recognized as safe. GMOs do after all, look very similar to their conventional counterparts and they are grown under somewhat similar conditions. Under FDA guidelines, this leaves foods that are newly invented to be poorly tested, and the FDA assumes them to be safe without sufficient evidence to reach such conclusions. Under the limitations of our current biotechnology, whenever genes are artificially manipulated, unintended consequences inevitably result.
Independent Scientists Are Finding That GMOs are Not Substantially Equivalent to Their Conventional Counterparts
A new study from Cambridge University demonstrates that GMO soy is less nutritious and more toxic than conventional soy. Each GMO crop is unique, and this study focused solely on one type of genetically modified soy.
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By policy, the FDA considers GMO foods to be substantially equivalent to their non-genetically modified counterparts, and to be generally recognized as safe. GMOs do after all, look very similar to their conventional counterparts and they are grown under somewhat similar conditions. Under FDA guidelines, this leaves foods that are newly invented to be poorly tested, and the FDA assumes them to be safe without sufficient evidence to reach such conclusions. Under the limitations of our current biotechnology, whenever genes are artificially manipulated, unintended consequences inevitably result.
Independent Scientists Are Finding That GMOs are Not Substantially Equivalent to Their Conventional Counterparts
A new study from Cambridge University demonstrates that GMO soy is less nutritious and more toxic than conventional soy. Each GMO crop is unique, and this study focused solely on one type of genetically modified soy.
Read More
by Andy Hoffman, Miles Franklin:
It’s early November, but today’s article may well be one of the most
important of the year. In my view, barely less so than January 2nd’s “direst prediction of all,”
when I discussed my rational for collapsing commodity prices for years
to come. Which, I might add, was written when WTI crude oil was $53/bbl
vs. $45/bbl today; and the CRB Commodity Index, at 230 vs. 195 today,
having briefly touched a 40-year low of 185 in late August.
In Monday’s “how’s Economic Mother Nature doing?,” I quantitatively demonstrated that despite relentless manipulation of “last to go” markets like the “Dow Jones Propaganda Average” and paper PMs (per last night’s 120th “Sunday Night Sentiment” raid of the past 124 weeks, and 540th “2:15 AM” attack of the past 617 trading days); and unprecedented money printing from the ECB, BOJ, PBOC, and dozens of other “final currency war” participants; the “unstoppable tsunami of reality” is wreaking havoc on global commodities, currencies, economies; and yes, many financial markets as well.
Read More
It’s early November, but today’s article may well be one of the most
important of the year. In my view, barely less so than January 2nd’s “direst prediction of all,”
when I discussed my rational for collapsing commodity prices for years
to come. Which, I might add, was written when WTI crude oil was $53/bbl
vs. $45/bbl today; and the CRB Commodity Index, at 230 vs. 195 today,
having briefly touched a 40-year low of 185 in late August.In Monday’s “how’s Economic Mother Nature doing?,” I quantitatively demonstrated that despite relentless manipulation of “last to go” markets like the “Dow Jones Propaganda Average” and paper PMs (per last night’s 120th “Sunday Night Sentiment” raid of the past 124 weeks, and 540th “2:15 AM” attack of the past 617 trading days); and unprecedented money printing from the ECB, BOJ, PBOC, and dozens of other “final currency war” participants; the “unstoppable tsunami of reality” is wreaking havoc on global commodities, currencies, economies; and yes, many financial markets as well.
Read More
from Paul Craig Roberts:
Once upon a time, a dental or medical exam was an opportunity to read a book. No more. The TV blares. It was talking heads discussing whether a football player had been sufficiently punished. The offense was unclear. The question was whether the lashes were sufficient.
It brought to mind that punishment has become a primary feature of American, indeed Western, society. A baker in Colorado was punished because he would not bake a wedding cake for a homosexual marriage. A county or state clerk was punished because she would not issue a marriage license for a homosexual marriage. University professors are punished because they criticize Israel’s inhumane treatment of Palestinians. Whistleblowers are punished—despite their protection under federal law—for revealing crimes of the US government. And children are punished for being children.
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Once upon a time, a dental or medical exam was an opportunity to read a book. No more. The TV blares. It was talking heads discussing whether a football player had been sufficiently punished. The offense was unclear. The question was whether the lashes were sufficient.
It brought to mind that punishment has become a primary feature of American, indeed Western, society. A baker in Colorado was punished because he would not bake a wedding cake for a homosexual marriage. A county or state clerk was punished because she would not issue a marriage license for a homosexual marriage. University professors are punished because they criticize Israel’s inhumane treatment of Palestinians. Whistleblowers are punished—despite their protection under federal law—for revealing crimes of the US government. And children are punished for being children.
Read More
Jim Sinclair’s Commentary
This is the Great Leveling before the Great Reset.
American Middle Class Is On The Endangered Species ListOctober 23, 2015
American Middle Class Is On The Endangered Species List
Goodbye Middle Class: Guest Column by Michael Snyder
51 Percent of Americans Make Less than $30,000 per year
October 22, 2015 “Information Clearing House” – “End Of The American Dream” – We just got more evidence that the middle class in America is dying. According to brand new numbers that were just released by the Social Security Administration, 51 percent of all workers in the United States make less than $30,000 a year. Let that number sink in for a moment. You can’t support a middle class family in America today on just $2,500 a month – especially after taxes are taken out. And yet more than half of all workers in this country make less than that each month. In order to have a thriving middle class, you have got to have an economy that produces lots of middle class jobs, and that simply is not happening in America today.
You can find the report that the Social Security Administration just released right here: . The following are some of the numbers that really stood out for me:
38 percent of all American workers made less than $20,000 last year.
51 percent of all American workers made less than $30,000 last year.
62 percent of all American workers made less than $40,000 last year.
71 percent of all American workers made less than $50,000 last year.
That first number is truly staggering. The federal poverty level for a family of five is $28,410, and yet almost 40 percent of all American workers do not even bring in $20,000 a year.
If you worked a full-time job at $10 an hour all year long with two weeks off, you would make approximately $20,000. This should tell you something about the quality of the jobs that our economy is producing at this point.
And of course the numbers above are only for those that are actually working. As I discussed just recently, there are 7.9 million working age Americans that are “officially unemployed” right now and another 94.7 million working age Americans that are considered to be “not in the labor force”. When you add those two numbers together, you get a grand total of 102.6 million working age Americans that do not have a job right now.
More…
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