"While funding continued to be available, such a large negative basis indicates potential market dislocations. And this may call into question how smoothly US dollar funding conditions will adjust in the event of an increase in US onshore interest rates. Similar pricing anomalies have also emerged in interest rate swap markets r
by Dave Hodges, The Common Sense Show:
Can the banks withstand one more false flag event? The economy is hanging on by a thread. False flag events may no longer matter to the economic health of the nation. Yesterday, theS&P downgraded Goldman Sachs, JP Morgan and six other major financial institutions. Here comes another bailout, but it is not going to matter. This is the pyramid of power in the US. The game is over. Your money will soon be gone. However, if you need more convincing, please read on.
The next false flag event will likely collapse this fragile economy, if not a cyber attack upon the banks will do quite nicely. When this happens, food will not be shipped to your neighborhood grocery store. The American economy will come to a complete standstill. Economic collapse is imminent. The Baltic Dry Index, is below 500, an all-time low. This is the end!
Read More
Can the banks withstand one more false flag event? The economy is hanging on by a thread. False flag events may no longer matter to the economic health of the nation. Yesterday, theS&P downgraded Goldman Sachs, JP Morgan and six other major financial institutions. Here comes another bailout, but it is not going to matter. This is the pyramid of power in the US. The game is over. Your money will soon be gone. However, if you need more convincing, please read on.
The next false flag event will likely collapse this fragile economy, if not a cyber attack upon the banks will do quite nicely. When this happens, food will not be shipped to your neighborhood grocery store. The American economy will come to a complete standstill. Economic collapse is imminent. The Baltic Dry Index, is below 500, an all-time low. This is the end!
Read More
"Don't Believe The Hope" - When Forward Guidance Becomes Forward Mis-Direction
Submitted by Tyler Durden on 12/06/2015 - 18:20 As we approach the Fed meeting expect markets to get more volatile. While the odds favor a move, it isn’t a sure thing until it is actually done. We found out last week what happens when forward guidance turns out to be forward misdirection. All those traders who thought they had a sure thing, who assumed that Draghi wouldn’t dare disappoint the market, got whipped. Whipped good.A Beleaguered Wal-Mart Sues A Broke Puerto Rico For "Astonishing" Tax Hike
Submitted by Tyler Durden on 12/06/2015 - 17:55 “The new levy raised the estimated cumulative income tax on Wal-Mart Puerto Rico Inc. to an astonishing and unsustainable 91.5% of its net income!”
Iraq May Seek "Direct Military Intervention From Russia" To Expel Turkish Troops
Submitted by Tyler Durden on 12/06/2015 - 17:22 Iraq “may soon ask Russia for direct military intervention in response to the Turkish invasion and the violation of Iraqi sovereignty."
What Polarized Politics Teaches Us About Stock Market Uncertainty
Submitted by Tyler Durden on 12/06/2015 - 17:30 It’s important to respect the power of econometric models. It’s important to work with econometric models. But we don’t care who you are... whether you’re the leader of the world’s largest central bank or you’re the CIO of an enormous pension fund or you’re the world’s most successful financial advisor... it’s a terrible mistake to trust econometric models. But we all do, because we’ve been convinced by modeling’s henchman, The Central Tendency.
An Open Letter Calling For The Resignation Of Saudi-Sympathizing Politicians
Submitted by Tyler Durden on 12/06/2015 - 16:30 "...Should you continue your flagrant support of Saudi Arabia by way of foreign aid and weapons sales, you are no longer to be trusted to hold an elected position of influence. You should therefore resign, effective immediately. The question is: Is your allegiance to the people of the United States, or are you beholden to another kingdom?"
Extreme Gold Positioning Grows As Hedge Funds Add To Record Shorts
Submitted by Tyler Durden on 12/06/2015 - 15:30 With an all time high of 293 ounces of paper per ounce of registered physical gold, it appears hedge funds continue to ignore systemic risk and surging physical demand, merely following the trend lower in paper gold prices by adding to already record short positions in gold last week. With the speculative world near-record long the USDollar and record short gold, how much longer can the status quo boat can remain upright with so many on the same side. After this week's shake-out of USD longs courtesy of Draghi, one wonders if the gold squeeze is about to begin?ISIS Makes Major Move In Yemen, Assassinates Aden's Governor After Executing Two Dozen Houthis
Submitted by Tyler Durden on 12/06/2015 - 15:00
France's Far-Right Party Leads Regional Elections With Unprecedented 30%-Plus Of Votes
Submitted by Tyler Durden on 12/06/2015 - 14:45 As we warned last week, Europe is about to change forever, and sure enough, Marine Le Pen's National Front party is on course for a historic result in regional elections on Sunday, winning more than 30 per cent of the vote and leading the country’s two mainstream parties. Our words from the day after the Paris attacks, when Le Pen called for "eradication" of Muslims and demanded the nation "re-arm itself," seem extraordinarlity prophetic now "if there is one 'winner' from last night's terrible events in Paris, it is France's anti-EU, anti-immigration far-right wing Front Nationale party leader Marine Le Pen."
Central Banks Continue To Rule Equity And Commodity Markets
Submitted by Tyler Durden on 12/06/2015 - 14:30 Until pro-growth, low taxation and less regulation policy changes are enacted, we don’t foresee any changes to central bank policy nor the unsustainable market divergences and asset price distortions. Expect more media propaganda on how great the economy is while the reality is another story. Early signs are that retail sales this holiday season are poor. Nobody can predict when reality will set in and equity markets revert back to pre QE levels in 2008/09. The longer this charade continues, the lower equity markets will eventually go, and in the short-term so will commodities. Then the super cycle in commodities will begin anew. Much this will hinge on next fall’s election cycle.University President Urges Students: Carry Weapons On Campus, "End Those Muslims"
In an age of uncontrollable political correctness and micro-aggression across America's colleges, one university has taken a different tack this week. Speaking to an estimated 10,000 strong campus community, Liberty University President Jerry Falwell Jr. urged students, staff and faculty at his Christian school to get a permit to carry a concealed weapon on campus, so that "we could end those Muslims before they walked in." Students reportedly erupted into applause at the call to arms.
from The Daily Sheeple:
As I write this news about another mass shooting is unfolding, this one – like past shootings – took place in what is essentially one massive gun-free zone: the state of California.
According to early reports – and they are preliminary, so let me just make that caveat up front – police say “one to three” “heavily armed suspects” with military gear and concealed faces began shooting at a San Bernardino developmentally disabled institution, the Inland Regional Center (initial reports said an office holiday party involving San Bernardino County workers was being targeted). Several people have reportedly been shot, some killed, and – again, as of this writing – the suspects, who were reported to have escaped in a black SUV, are still at large.
Read More
from Ron Jonson, via xBLACKxOPSxSECRETSx:
As I write this news about another mass shooting is unfolding, this one – like past shootings – took place in what is essentially one massive gun-free zone: the state of California.
According to early reports – and they are preliminary, so let me just make that caveat up front – police say “one to three” “heavily armed suspects” with military gear and concealed faces began shooting at a San Bernardino developmentally disabled institution, the Inland Regional Center (initial reports said an office holiday party involving San Bernardino County workers was being targeted). Several people have reportedly been shot, some killed, and – again, as of this writing – the suspects, who were reported to have escaped in a black SUV, are still at large.
Read More
from Ron Jonson, via xBLACKxOPSxSECRETSx:
Back in 2011 we facetiously noted that innocent Americans were being added to terror watchlists and No-Fly lists at an alarming pace. So much so, we opined, that by 2020 every person in the United States would be deemed a terroristand that the entire world would be on a government watchlist by 2025.
We were kind of joking… but only kind of, because as we highlighted last year, the President approved a substantial expansion of the lists wherein concrete facts are no longer necessary for law enforcement and intelligence agencies to flag pretty much anyone, for any reason as being suspected of terrorism. In fact, the new rules set forth by the administration make it possible for one to be added to a watchlist for being suspected of being a suspected terrorist. Yes, it is absolutely ridiculous on its face.
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Previewing Obama's 8:00 PM Speech On Gun Control
"What you're going to hear from him is a discussion about what government is doing to ensure all of our highest priority — the protection of the American people," the US attorney general said. Lynch's staff later confirmed that the president will specifically call on Congress to review certain gun control measures. And since Congress has long ago given up on taking action in a world in which the Fed's Chairman/woman is expected to "get to work", it will again be up to an Obama executive order to restore peace to the land by continuing his crusade against the Second amendment.Fighting Words: An Open Letter to Publisher Arthur Sulzberger, Jr.
The New York Times just published the newspaper’s first front page editorial in 95 years. It urged America’s legislators to outlaw
civilian ownership of semiautomatic battle rifles. This editorial
twisted words to castigate our militia arms as follows: ” These are
weapons of war, barely modified and deliberately marketed as tools of
macho vigilantism and even insurrection.”
The editor went on to urge: ” Certain kinds of weapons, like the slightly modified combat rifles used in California, and certain kinds of ammunition, must be outlawed for civilian ownership. It is possible to define those guns in a clear and effective way and, yes, it would require Americans who own those kinds of weapons to give them up for the good of their fellow citizens.” [Emphasis added.]
Those are fighting words. They’ve made it clear: These statists want to enact a law forcing civilian disarmament. This would of course be enforced under color of law, by their recently militarized bully boys in black. (Formerly in blue.)
I have a few terse points for Publisher Arthur Sulzberger, Jr., Editor Dean Baquet, their subordinate editors of The New York Times, and all others of their ilk:
If you want my guns, sir, then come and take them. But when you send your thugs to my ranch, tell them to bring plenty of body bags and extra grub. Because they’ll certainly need them.
Sincerely, – James Wesley, Rawles
Founder and Senior Editor, SurvivalBlog.com
Author of the novels Patriots and Land of Promise
The editor went on to urge: ” Certain kinds of weapons, like the slightly modified combat rifles used in California, and certain kinds of ammunition, must be outlawed for civilian ownership. It is possible to define those guns in a clear and effective way and, yes, it would require Americans who own those kinds of weapons to give them up for the good of their fellow citizens.” [Emphasis added.]
Those are fighting words. They’ve made it clear: These statists want to enact a law forcing civilian disarmament. This would of course be enforced under color of law, by their recently militarized bully boys in black. (Formerly in blue.)
I have a few terse points for Publisher Arthur Sulzberger, Jr., Editor Dean Baquet, their subordinate editors of The New York Times, and all others of their ilk:
- The words of our Founding Fathers were unequivocal: “…the right of The People to keep and bear arms shall not be infringed.” Those words can only be taken one way.
- There are more privately-owned guns in America that there are inhabitants. The task of attempting go out and collect them is a Fool’s Errand.
- These are indeed ‘”weapons of war.” They are in fact our most important militia weapons. It was the specific intent of our Founding Fathers that our civilian populace be armed on an equal footing with any standing army. They have their M4s and we have ours. And by the way we also have even more powerful scoped deer rifles with 500-yard effective range. Millions of them.
- Even if just 3% of the citizenry were to take up arms against your intended tyranny, we would still outnumber the combined strength of the police and military by a substantial margin.
- There are 10.3 million licensed deer hunters in the United States, and around 22 million military veterans.
- Not everyone in law enforcement and the military will go along with your scheme. Many of them will have the backbone to stand against you.
- Any attempt to disarm the citizenry by force will surely be met by a
matching resisting force. Aggression begets aggression. It will be you
and your minions who will be the first initiators of force, not us.
Lastly, and most importantly:
- You hint of “insurrection.” Yea, if you continue using such fighting words and if the fools in Congress do indeed enact such unconstitutional legislation, then by God, you will spark an insurrection of the sort that has not been seen in this land since 1781. There will be a second Civil War, and it will be concluded in a matter of weeks, not years. There will be blood, and that blood will be on the hands of the tyrants, not We The People.
If you want my guns, sir, then come and take them. But when you send your thugs to my ranch, tell them to bring plenty of body bags and extra grub. Because they’ll certainly need them.
Sincerely, – James Wesley, Rawles
Founder and Senior Editor, SurvivalBlog.com
Author of the novels Patriots and Land of Promise
Why Some Are Questioning The Zuckerberg Charity Story
Submitted by Tyler Durden on 12/06/2015 - 13:25 You know the one thing Mark Zuckerberg with all his Billions can’t do today without causing a media sensation throughout Wall Street? Hint: Sell. If we were in fact at the edge of a bubble in the Valley – how would one be able to sell at the top without bringing on some negative feedback loop in their stock price? With this newly formed “Initiative” any selling is now wrapped into a wonderful meme of “We’re not selling to profit. (or preserve) It’s for charity. And we’ve stated openly we were going to do just that. So, nothing to see here, please move along, thanks so much." Remember, also, this year is the first year that the once Holy Grail of “IPO’s to the promised land” have been mired in quicksand.
Why To Fred Hickey These Are The "Last Gasps Of A Dying Bull Market (And Economy)"
Submitted by Tyler Durden on 12/06/2015 - 12:55 "Deteriorating market breadth and herding into an ever-narrower number of stocks is classic market top behavior. Currently, there are many other warning signs that are also being ignored. The merger mania, the stock buyback frenzy, the year-over-year declines in corporate sales and falling earnings for the entire S&P 500 index, the plunges this year in the high-yield and leveraged loan markets, the topping and rolling over of the massive (record) level of stock margin debt... and I could go on."from TruthStreamMedia:
from The Burning Platform:
Shockingly, all of the mainstream media bullshit about mass shootings is made up and false. Who is going to watch Obama’s national speech on gun control tonight? I’ll be busy taking a big, smelly dump in honor of his speech and ordering some more ammo.
Shortly after news broke of a shooting in San Bernardino (which we now know was a terrorist attack), Twitter, Facebook, and Reddit were abuzz that the events of December 2, 2015 were the “355th mass shooting” of 2015. Obviously, this was a concerning statistic–if it were actually true.
It turns out it wasn’t, and even figures on the left agree. There’s been nowhere near 355 mass shootings in 2015, and according to Mother Jones editor Mark Folman, there have been exactly four.
Read More
Shockingly, all of the mainstream media bullshit about mass shootings is made up and false. Who is going to watch Obama’s national speech on gun control tonight? I’ll be busy taking a big, smelly dump in honor of his speech and ordering some more ammo.
Shortly after news broke of a shooting in San Bernardino (which we now know was a terrorist attack), Twitter, Facebook, and Reddit were abuzz that the events of December 2, 2015 were the “355th mass shooting” of 2015. Obviously, this was a concerning statistic–if it were actually true.
It turns out it wasn’t, and even figures on the left agree. There’s been nowhere near 355 mass shootings in 2015, and according to Mother Jones editor Mark Folman, there have been exactly four.
Read More
from teleSUR English:
On November 22, thousands gathered at the gates of Fort Benning, GA at the 25th annual protest of the School of the Americas to memorialize the tens of thousands of people who lost their lives at the hands of the U.S. Empire’s brutally repressive juntas it used to rule Latin America by force. The dictators and death squad leaders, who committed acts of genocide, were trained within the gates of Fort Benning, at the School of the Americas – otherwise known as the “School Of Assassins.”
On November 22, thousands gathered at the gates of Fort Benning, GA at the 25th annual protest of the School of the Americas to memorialize the tens of thousands of people who lost their lives at the hands of the U.S. Empire’s brutally repressive juntas it used to rule Latin America by force. The dictators and death squad leaders, who committed acts of genocide, were trained within the gates of Fort Benning, at the School of the Americas – otherwise known as the “School Of Assassins.”
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