by J. D. Heyes, Natural News:
For years now, government agencies, politicians, economists and pundits
have tried to sound the alarm over the federal government’s
out-of-control spending and spiraling national debt.
The predictions of dire financial consequences have actually been widely publicized in the mainstream. In July 2014, for example, The Hill reported on an analysis by the Congressional Budget Office that Congress’ and the White House’s inability to control or reform entitlement spending – considered to be politically radioactive by members of both parties – is collapsing the budget.
The Hill reported further:
The CBO said the rising costs of entitlement programs like Medicare and Social Security as the U.S. population continues to age are the drivers of U.S. debt.
“Debt would be on an upward path relative to the size of the economy, a trend that could not be sustained indefinitely,” the CBO report said.
Read More
For years now, government agencies, politicians, economists and pundits
have tried to sound the alarm over the federal government’s
out-of-control spending and spiraling national debt.The predictions of dire financial consequences have actually been widely publicized in the mainstream. In July 2014, for example, The Hill reported on an analysis by the Congressional Budget Office that Congress’ and the White House’s inability to control or reform entitlement spending – considered to be politically radioactive by members of both parties – is collapsing the budget.
The Hill reported further:
The CBO said the rising costs of entitlement programs like Medicare and Social Security as the U.S. population continues to age are the drivers of U.S. debt.
“Debt would be on an upward path relative to the size of the economy, a trend that could not be sustained indefinitely,” the CBO report said.
Read More
"We Could See Bullets Flying And Laser Beams": Full Paris "Mastermind" Raid Summary
Submitted by Tyler Durden on 11/18/2015 - 07:25
The Poisonous Cocktail Of Main Street Woes And Federal Reserve Liftoff
Submitted by Tyler Durden on 11/18/2015 - 09:36 Sure, the stock market had a great October with the Dow Jones Industrial Average jumping by 8.5%, but the disconnect between Wall Street and Main Street is too stark to ignore, and the Federal Reserve is about to pop the easy-money financial bubble.
BlackRock Liquidates Its Macro Hedge Fund Following Worst Loss Since Inception, Surge In Redemptions
Submitted by Tyler Durden on 11/18/2015 - 09:16 BlackRock Inc., the world’s largest asset manager, is winding down a global macro hedge fund after losses and investor redemptions eroded assets. The reason for the liquidation: losses of 9.4% this year, cited by Bloomberg according to an October investor document, leading to the worst year for the asset manager since inception in 2003. The fund, which had $4.6 billion in assets just two years ago, has shrunk to less than $1 billion as of Nov. 1.
Gartman Flip-Flops Three Times In Three Days, Now See "Parabolic" Move Higher In Stocks
"... any time and every time we find ourselves philosophically dubious of what is going on and have attempted to take a bearish view our hands are slapped; our margins are depleted and our psyche struck down... We’ve no choice then but to see in the “reversals” that took place on Monday the propensity still for the markets to head higher. Indeed, they may go parabolically so as the shorts run for cover and as those left behind rush to be included."
Housing Starts Plunge To 7-Month Lows As Rental Units Tumble
Submitted by Tyler Durden on 11/18/2015 - 08:41 With new and pending sales tumbling and lumber prices down, yesterday's drop in homebuilders sentiment - from 10 year highs! - appears justified entirely now as Housing Starts collapsed 11% in October to the weakest level since March. This is the biggest miss (and MoM drop) since Feb. Multi-family unit starts plunged 25.5% MoM as single-family dropped just 2.5%. Starts in The West and South plunged as The Midwest saw a 30.8% collapse in housing completions. Building Permits rose 4.1% after tumbling 4.8% in September but SAAR remains notably below the Q2 cycle peak levels (1.337mm) at around 1.15mm homes (with multi-family permits rising 6.8% MoM).
Meanwhile In Greece... Farmers Throw Oranges, Police Toss Teargas Grenades
Submitted by Tyler Durden on 11/18/2015 - 08:25 In the first major protest by farmers in several years, bus-loads of men and women arrived from across Greece to protest the looming over-taxation and social security changes exclaiming that these government-enforced, Quadriga-mandated changes will affect the country’s primary production and crash those who sole income comes from farming, breeding and fishing. The infamous Syntagma Square saw oranges and water bottles met with police tear gas and sound cannons as European social tension continues to roil...
Major Market Index Fails Key Test
Submitted by Tyler Durden on 11/18/2015 - 08:11 The blue chip Major Market Index failed to recapture a key breakdown level. Recently, amid the sharp post-September rally, the XMI returned to “kiss” the underside of the broken trendline. This was no happy reunion, however, as the result was a clear and precise rejection of price by the trendline.Frontrunning: November 18
Submitted by Tyler Durden on 11/18/2015 - 08:02- Security jitters drive European investors back to safe havens (Reuters)
- Global Anti-ISIS Alliance Begins to Emerge (WSJ)
- Merkel says cancelling soccer match was 'responsible' decision (Reuters)
- Paris attacker may have had accomplice on journey through Balkans (Reuters)
- Drop Assad demands if you want to unite against Islamic State: Russia to West (Reuters)
- Putin sets up commission to combat terrorism financing (Reuters)
It Will SUNE Be Over: Axiom Says SunEdison "Credit Event Appears More Likely", Sees Price Dropping To $2/Share
Submitted by Tyler Durden on 11/18/2015 - 07:31 As @the_real_fly says, "it will SUNE be over" and perhaps catalyzing the ending is a brand new note by Axiom Capital Research titled "The Nightmare Before Christmas” – Credit Event Appears More Likely than Presaged, in which the analyst Gordon Johnson sees at least another 33% of downside before the stock finally stabilizes at something resembling a fair value of $2.00
Global Stocks Tread Water After Two Consecutive Terrorist Scares; Oil Rises, Industrial Metals Tumble
Submitted by Tyler Durden on 11/18/2015 - 07:03 If this weekend's gruesome terrorist attack on Paris ended up being hugely bullish for stocks, then two subsequent events, a stadium-evacuation scare in Hannover (where Angela Merkel was supposed to be present) and a raid in north Paris which left several dead in the ongoing manhunt against the alleged ISIS mastermind, appear to have but some question into if not stocks then algos whether a rising wave of terrorist hatred across Europe is truly what central bankers need to unleash more QE. That said, we expect the current weakness to last only until the traditional USDJPY carry ramp pushes stocks traditionally higher.
by Kit Daniels, Infowars:
Americans are starting to melt down phone lines in Washington, D.C., as
backlash explodes against President Obama’s migrant resettlement
program.
People are flooding social media to encourage Americans to call their congressional representatives to stop the resettlement of Middle Eastern migrants after government officials and contractors admitted the migrants cannot be tracked or vetted properly.
“Call your congressperson now and demand defunding Obama’s Syrian refugee plan,” one tweet of many states.
Read More…
Americans are starting to melt down phone lines in Washington, D.C., as
backlash explodes against President Obama’s migrant resettlement
program.
People are flooding social media to encourage Americans to call their congressional representatives to stop the resettlement of Middle Eastern migrants after government officials and contractors admitted the migrants cannot be tracked or vetted properly.
“Call your congressperson now and demand defunding Obama’s Syrian refugee plan,” one tweet of many states.
Read More…
from Wolf Street:
Caterpillar, one of the icons of American industrial might and a “bellwether” for the global economy, has been having a hard time. It forecast that sales would drop 5% in 2016, an IBM-like fourth year in a row of declining sales, the worst such spell in its history.
Now Caterpillar threw in the towel on its formerly most promising market, China. Not for the current year, or even next year – those are already toast. But for future years. And for the entire industry.
It isn’t just CAT’s problem; the industry as a whole is getting whacked in China because of China’s economy. That’s Tom Pellette, Group President of Caterpillar Inc., with administrative responsibility for Construction Industries, told the Financial Times in an interview.
Read More
Caterpillar, one of the icons of American industrial might and a “bellwether” for the global economy, has been having a hard time. It forecast that sales would drop 5% in 2016, an IBM-like fourth year in a row of declining sales, the worst such spell in its history.
Now Caterpillar threw in the towel on its formerly most promising market, China. Not for the current year, or even next year – those are already toast. But for future years. And for the entire industry.
It isn’t just CAT’s problem; the industry as a whole is getting whacked in China because of China’s economy. That’s Tom Pellette, Group President of Caterpillar Inc., with administrative responsibility for Construction Industries, told the Financial Times in an interview.
Read More
from Greg Hunter:
Precious metals expert Mike Maloney experiencing a “rollercoaster crash.” Maloney explains, “The second half of the economic storm that started in 2007 and crashed in 2008, we’ve been in the eye of the hurricane from 2009 until today. The second half of this economic storm is about to start. I believe in 2016, we are going to see something happen, and 2017 will probably be pretty bad for the general economy. . . . If we have a currency crisis, a recession, and this changing monetary system all together, it will be absolute chaos.”
Precious metals expert Mike Maloney experiencing a “rollercoaster crash.” Maloney explains, “The second half of the economic storm that started in 2007 and crashed in 2008, we’ve been in the eye of the hurricane from 2009 until today. The second half of this economic storm is about to start. I believe in 2016, we are going to see something happen, and 2017 will probably be pretty bad for the general economy. . . . If we have a currency crisis, a recession, and this changing monetary system all together, it will be absolute chaos.”
by Harvey Organ, HarveyOrganblog:
Good evening Ladies and Gentlemen:
Gold: $1068.70 down $15.00 cents (comex closing time)
Silver $14.22 up 2 cents
In the access market 5:15 pm
Gold $1070.10
Silver: $14.17
First, here is an outline of what will be discussed tonight:
At the gold comex today, we had a very poor delivery day, registering 0 notice for nil ounces. Silver saw 0 notices for nil oz.
Read More
Good evening Ladies and Gentlemen:Gold: $1068.70 down $15.00 cents (comex closing time)
Silver $14.22 up 2 cents
In the access market 5:15 pm
Gold $1070.10
Silver: $14.17
First, here is an outline of what will be discussed tonight:
At the gold comex today, we had a very poor delivery day, registering 0 notice for nil ounces. Silver saw 0 notices for nil oz.
Read More
by Dr. Jeffrey Lewis, Silver-coin-investor:
In our recent LIVE Q&A interview with renowned silver analyst, Ted Butler, the following question came up. Below is the transcript of Butler’s response.
Ted: Its a great question. COMEX is the center of the gold and silver universe.
Technically, there is trading on these other exchanges. Take the LBMA for example.
I don’t trust any of their statistics, mainly because they don’t provide that many statistics and they don’t provide them in detail. They come out once a month, give you a volume figure for what they traded in a month and that’s it.
Read More
In our recent LIVE Q&A interview with renowned silver analyst, Ted Butler, the following question came up. Below is the transcript of Butler’s response.
Ted: Its a great question. COMEX is the center of the gold and silver universe.
Technically, there is trading on these other exchanges. Take the LBMA for example.
I don’t trust any of their statistics, mainly because they don’t provide that many statistics and they don’t provide them in detail. They come out once a month, give you a volume figure for what they traded in a month and that’s it.
Read More
from Spiro:
A U.S. congresswoman plans to introduce a bill later this week that would require a $100 tax on all gun sales nationwide. If the bill is passed by Congress, the revenue made off of the tax will go toward mental health and anti-violence programs.
A U.S. congresswoman plans to introduce a bill later this week that would require a $100 tax on all gun sales nationwide. If the bill is passed by Congress, the revenue made off of the tax will go toward mental health and anti-violence programs.
by Graham Summers, GoldSeek:
We are in a global economic collapse.
And it is going to trigger a stock market crash.
The Central Bank fueled “recovery” is officially over. Central Banks propped up the financial markets for six years. But the money was spent on financialization and accounting gimmicks (buybacks).
That is, it didn’t get into the global economy in a useful way: corporate capital expenditures, job hires, etc. As a result, the global economy never really hit “lift off.”
We can see this clearly in a number of economic images.
Consider Oil, possibly the most economically sensitive commodity in the world.
Read More
We are in a global economic collapse.And it is going to trigger a stock market crash.
The Central Bank fueled “recovery” is officially over. Central Banks propped up the financial markets for six years. But the money was spent on financialization and accounting gimmicks (buybacks).
That is, it didn’t get into the global economy in a useful way: corporate capital expenditures, job hires, etc. As a result, the global economy never really hit “lift off.”
We can see this clearly in a number of economic images.
Consider Oil, possibly the most economically sensitive commodity in the world.
Read More
by Makia Freeman, Activist Post:
The Paris shooting of November 2015 which just occurred on Friday 13th November bears many of the telltale signs of a false flag operation.
Now more than 48 hours later, we have some clues that the New World
Order manipulators are up to their old tricks again – which are getting
very predictable by now. Here are 10 signs that the Paris shooting is
yet another false flag attack designed to scare the common citizen (in
France and everywhere), demonize Islam, provide “reason” for Governments
at G20 and around the world to waste more money and take more liberty
fighting terrorism, provide justification for the French Government to
increase surveillance, and provide France and NATO with an excuse to
escalate violence against Syria.
Paris Shooting False Flag Sign #1: Drills on Same Day
How many false flags in recent history have all had the same feature: drills at the same time at the same (or a nearby) place? 21st Century Wire reports that Dr. Patrick Pelloux was “a ‘survivor’ of the Charlie Hebdo shootings” who just happened to be on the scene at these shootings. That in and of itself is a coincidence, but Pelloux actually stated that a “multi-site attack exercise” (i.e. a drill) was taking place during the shootings!
Paris Shooting False Flag Sign #2: Terrorist Passport Magically Found
Read More
The Paris shooting of November 2015 which just occurred on Friday 13th November bears many of the telltale signs of a false flag operation.
Now more than 48 hours later, we have some clues that the New World
Order manipulators are up to their old tricks again – which are getting
very predictable by now. Here are 10 signs that the Paris shooting is
yet another false flag attack designed to scare the common citizen (in
France and everywhere), demonize Islam, provide “reason” for Governments
at G20 and around the world to waste more money and take more liberty
fighting terrorism, provide justification for the French Government to
increase surveillance, and provide France and NATO with an excuse to
escalate violence against Syria.Paris Shooting False Flag Sign #1: Drills on Same Day
How many false flags in recent history have all had the same feature: drills at the same time at the same (or a nearby) place? 21st Century Wire reports that Dr. Patrick Pelloux was “a ‘survivor’ of the Charlie Hebdo shootings” who just happened to be on the scene at these shootings. That in and of itself is a coincidence, but Pelloux actually stated that a “multi-site attack exercise” (i.e. a drill) was taking place during the shootings!
Paris Shooting False Flag Sign #2: Terrorist Passport Magically Found
Read More
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