Greeks Told To Declare Cash "Under The Mattress", Jewelry And Precious Stones
Submitted by Tyler Durden on 12/01/2015 - 14:26 When earlier today we read a report in the Greek Enikonomia, according to which Greek taxpayers would be forced to declare all cash "under the mattress" (including inside) or boxes that contain more than 15,000 euros as well as jewelry and precious stones (including gold) worth over 30,000 euros, starting in 2016, we assumed this has to be some early April fools joke or some mistake. However, it was not a joke...US Intervention: Before And After
Submitted by Tyler Durden on 12/01/2015 - 18:00
Despite LeBeau-gasms, Domestic Vehicle Sales Slide For 2nd Month In A Row, Miss By Most In 5 Months
Submitted by Tyler Durden on 12/01/2015 - 17:43 Well this is a little awkward. After a day of exuberant unsubstantiated auto sales proclamations that a) it's not all subprime, b) 8-year credit terms do not pull forward demand, and c) it's totally sustainable; anyone could have been forgiven for being excited about the total vehicle sales of 18.12mm (according to Wards' data), just above expectations of 18.10mm and flat from October. However, Wards reported just 14.03mm domestic vehicles sold (missing expectations by the most since June) and dropping for the 2nd month in a row. Those darned facts do get in the way eh?
Millennials Increasingly Believe The American Dream "Is Not Really Alive"
Submitted by Tyler Durden on 12/01/2015 - 17:30 "In the three decades between the surveys, pollsters found the share of young Americans overall who said the American Dream 'is not really alive' grew sharply from 12 to 29 percent. Among white people, it nearly tripled from 10 percent to 29 percent."
U.S. Total Debt Soars By $674 Billion In November
Submitted by Tyler Durden on 12/01/2015 - 17:07 While we can account for the jump of $339 billion in November total debt, which is the result of the "debt ceiling" accrued debt recognition, what is unclear is how in the remaining 4 weeks of November, the US managed to add another $335 billion in total debt, bringing the total increase for the month of November to a whopping $674 billion, and total US debt to a record $18.827 trillion.
WTI Crude Slides After API Reports Another Surprise Inventory Build
Submitted by Tyler Durden on 12/01/2015 - 16:41 After nine weeks of inventory builds in a row, expectations were for a modest 900k barrel draw in total inventory this week. Expectations were crushed as API reported a much-larger 1.6 million barrel build - the 10th week in a row. After three weeks of very significant builds, Cushing - having seen its storage capacity increased to 73mm (from 71.4mm) barrels - saw a smaller-than-expectd 433k build (+1mm build exp.). WTI prices had drifted higher into the API report (after an extremely volatile day) but slipped lower after the print, as anxiety builds ahead of OPEC.
The 'Goldilocks' Warning
Submitted by Tyler Durden on 12/01/2015 - 16:30 The problem of suggesting that we have once again evolved into a "Goldilocks economy" is that such an environment of slower growth is not conducive to supporting corporate profit growth at a level to justify high valuations. Such a backdrop becomes particularly problematic when the Federal Reserve begins to raise interest rates which removes one of the fundamental underpinnings of an overvalued market which was low interest rates. Ultimately, higher interest rates, particulalry in an economy with a deteriorating economic backdrop, becomes the pin that "pops the bubble." It is true that the bears didn't eat Goldilocks at the end of the story...but then again, there never was a sequel either.
Zuckerberg To Donate 99% Of His Facebook Shares To "Advance Human Potential"
Submitted by Tyler Durden on 12/01/2015 - 16:29 "We will give 99% of our Facebook shares — currently about $45 billion — during our lives to advance this mission. We know this is a small contribution compared to all the resources and talents of those already working on these issues. But we want to do what we can, working alongside many others."
"The Most Extreme Point Of Stock Market Overvaluation In History"
Submitted by Tyler Durden on 12/01/2015 - 15:55 The atmosphere is getting thin up here, and every ounce counts triple when you're climbing in rarefied air. While near-term market dynamics are more likely to be impacted by Friday’s employment report than any other factor, our broad view remains that stocks are in the late-stage top formation of the second most extreme episode of equity market overvaluation in U.S. history, second only to the 2000 peak, and already beyond the 1929, 1937, 1972, and 2007 episodes, not to mention lesser extremes across history.
Puerto Rico Avoids $354 Million Default With Absurd Revenue "Clawback"
Submitted by Tyler Durden on 12/01/2015 - 15:35 "Let us be clear: We have no cash left. This is a distress call from a ship of 3.5 million American citizens that have been lost at sea."
Fed Credibility Chart Tumbles Most Since October
Submitted by Tyler Durden on 12/01/2015 - 15:25 With 15 days left until the day that will live in monetary policy infamy, it appears investors are beginning to lose faith...
Today's WTF Stock Chart Du Jour
Submitted by Tyler Durden on 12/01/2015 - 15:19 Meet Acorn International - an integrated multi-platform marketing company - which closed down 23% yesterday (after falliong 45% intraday) on 23x the average volume. Following a conference call this morning, in which the CEO cited some 'volatility' in the ADSs and discussed strong Singles Day sales, the stock is now up over 700%.The Syrian Proxy War: A World War III-esque Summary
Submitted by Tyler Durden on 12/01/2015 - 14:56
Caption Contest: Obama Pardons Another Turkey?
Submitted by Tyler Durden on 12/01/2015 - 14:40 By the look on President Obama's face, Erdogan must have just announced the addition of dozens of coal-fired power plants...
The Truth About GDP
Submitted by Tyler Durden on 12/01/2015 - 14:13 If rising prices are good for the economy, how come everyone was so unhappy in Germany's Weimar Republic in 1923, or in Zimbabwe fifteen years ago? Surely, as inflation accelerates the happiness level should rise...Millennials Increasingly Believe The American Dream "Is Not Really Alive"
Submitted by Tyler Durden on 12/01/2015 - 17:30 "In the three decades between the surveys, pollsters found the share of young Americans overall who said the American Dream 'is not really alive' grew sharply from 12 to 29 percent. Among white people, it nearly tripled from 10 percent to 29 percent."
With the flu season ramping up, many are looking to vaccination as a “preventive” approach. Those who abstain are often accused of being uneducated, or worse, socially irresponsible. Nothing could be further from the truth.
As it presently stands, it is not sound medical science, but primarily economic and political motivation which generates the immense pressure behind mass participation in the annual ritual of flu vaccination.
It is a heavily guarded secret within the medical establishment (especially within the corridors of the CDC) that the Cochrane Database Review (CDR), considered by many within the evidence-based medical model to be the gold standard for assessing the effectiveness of common medical interventions, does not lend unequivocal scientific support to the belief and/or propaganda that flu vaccines are safe and effective.
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from Washington’s Blog:
If we define Christmas as consumer spending going up while earnings are going down, 2015 will be the last Christmas in America for a long time to come. In broad brush, Christmas (along with all other consumer spending) has been funded by financialization, i.e. debt and leverage, not by increased earnings.
The primary financial trick that’s propped up the “recovery” for seven years is piling more debt on stagnating incomes. How does this magic work? Lower interest rates.
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If we define Christmas as consumer spending going up while earnings are going down, 2015 will be the last Christmas in America for a long time to come. In broad brush, Christmas (along with all other consumer spending) has been funded by financialization, i.e. debt and leverage, not by increased earnings.
The primary financial trick that’s propped up the “recovery” for seven years is piling more debt on stagnating incomes. How does this magic work? Lower interest rates.
Read More
““TBig
Brother in the form of an increasingly powerful government and in an
increasingly powerful private sector will pile the records high with
reasons why privacy should give way to national security, to law and
order […] and the like.” ― William O. Douglas, Supreme Court Justice
by John W. Whitehead, The Rutherford Institute:
Bottle up the champagne, pack away the noisemakers, and toss out the party hats.
There is no cause for celebration.
We have secured no major victories against tyranny.
We have achieved no great feat in pushing back against government overreach.
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by John W. Whitehead, The Rutherford Institute:
Bottle up the champagne, pack away the noisemakers, and toss out the party hats.
There is no cause for celebration.
We have secured no major victories against tyranny.
We have achieved no great feat in pushing back against government overreach.
Read More
from Western Journalism:
Islamic extremists in Germany are using food, shelter and the religion of home as bait as they fish the wave of Syrian refugees entering Germany for new converts to radical Islam.
“They start by saying, ‘We will help you live your faith,’” Torsten Voss of Germany’s domestic intelligence agency told the Wall Street Journal. “The Islamist area comes later — that is, of course, their goal.”
German officials said that refugees who want to attend mosques in search of familiar surroundings are, increasingly, attending those frequented by Islamic extremists.
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Islamic extremists in Germany are using food, shelter and the religion of home as bait as they fish the wave of Syrian refugees entering Germany for new converts to radical Islam.
“They start by saying, ‘We will help you live your faith,’” Torsten Voss of Germany’s domestic intelligence agency told the Wall Street Journal. “The Islamist area comes later — that is, of course, their goal.”
German officials said that refugees who want to attend mosques in search of familiar surroundings are, increasingly, attending those frequented by Islamic extremists.
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from Sputnik:
Discussing the matter with world leaders during the Paris climate
talks, Russian President Vladimir Putin said that Moscow has evidence
that the Su-24 was shot down by Turkey to protect oil deliveries of the
ISIL terrorist group, also known as Daesh, and that oil from
IS-controlled fields is being exported to Turkey on an industrial scale.
“We have every reason to believe that the decision to shoot down our aircraft was dictated by the desire to ensure the safety of supply routes of oil to Turkey, to the ports where they are shipped in tankers,” Putin said.
Read More…
Discussing the matter with world leaders during the Paris climate
talks, Russian President Vladimir Putin said that Moscow has evidence
that the Su-24 was shot down by Turkey to protect oil deliveries of the
ISIL terrorist group, also known as Daesh, and that oil from
IS-controlled fields is being exported to Turkey on an industrial scale.“We have every reason to believe that the decision to shoot down our aircraft was dictated by the desire to ensure the safety of supply routes of oil to Turkey, to the ports where they are shipped in tankers,” Putin said.
Read More…
by Kurt Nimmo, Prison Planet:
Damascus and Moscow have agreed to take steps to block the Syrian border with Turkey and cut off supply lines for the Islamic State and other jihadi groups.
Damascus and Moscow have agreed to take steps to block the Syrian border with Turkey and cut off supply lines for the Islamic State and other jihadi groups.
Russian Foreign Minister Sergey Lavrov announced the effort on Friday after talks with Syrian Foreign Minister Walid Muallem.
“We actively support that. We are open for coordination of
practical steps, certainly, in interaction with the Syrian government,”
Lavrov said about an earlier proposal by French President Francois
Hollande. “We are convinced that by blocking the border we will in many
respects solve the tasks to eradicate terrorism on Syrian soil.”
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by Edwin Mora, Breitbart:
The Obama administration pursued a policy in Libya back in 2011 that ultimately allowed guns to walk into the hands of jihadists linked to the Islamic State (ISIS/ISIL) and al-Qaeda (AQ) in Syria, according to a former CIA officer who co-authored a report on behalf of the Citizen’s Commission on Benghazi (CCB), detailing the gun running scheme.
In Congress, the then-bipartisan group known as the “Gang of Eight,” at a minimum, knew of the operation to aid and abet America’s jihadist enemies by providing them with material support. So says Clare Lopez, a former CIA officer and the primary author of CCB’s interim report, titled How America Switched Sides in the War on Terror, speaking with Breitbart News.
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The Obama administration pursued a policy in Libya back in 2011 that ultimately allowed guns to walk into the hands of jihadists linked to the Islamic State (ISIS/ISIL) and al-Qaeda (AQ) in Syria, according to a former CIA officer who co-authored a report on behalf of the Citizen’s Commission on Benghazi (CCB), detailing the gun running scheme.
In Congress, the then-bipartisan group known as the “Gang of Eight,” at a minimum, knew of the operation to aid and abet America’s jihadist enemies by providing them with material support. So says Clare Lopez, a former CIA officer and the primary author of CCB’s interim report, titled How America Switched Sides in the War on Terror, speaking with Breitbart News.
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by Karl Denninger, Market-Ticker:
This is one of the dumbest articles I’ve seen to date:
The National Security Agency’s sweeping authority to collect phone-record data expired Sunday, despite evidence that such programs helped European officials track down the perpetrators of the recent Paris suicide bombing attacks and prevented other attacks.
North Carolina Sen. Richard Burr, chairman of the Senate Intelligence Committee, told “Fox News Sunday” that investigators in France and Belgium found a cellphone number, then were able to see other numbers to which it had contacted, thwarting another attack and leading to at least a dozen arrests.
Right.
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This is one of the dumbest articles I’ve seen to date:
The National Security Agency’s sweeping authority to collect phone-record data expired Sunday, despite evidence that such programs helped European officials track down the perpetrators of the recent Paris suicide bombing attacks and prevented other attacks.
North Carolina Sen. Richard Burr, chairman of the Senate Intelligence Committee, told “Fox News Sunday” that investigators in France and Belgium found a cellphone number, then were able to see other numbers to which it had contacted, thwarting another attack and leading to at least a dozen arrests.
Right.
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from Paul Craig Roberts:
It took the Russians too long to defend themselves from Washington’s Fifth Column NGOs, but
finally they understood that these US-financed operatives were a dagger at Russia’s heart.
Russian prosecutors have banned them. https://www.rt.com/politics/323919-soros-foundation-recognized-as-undesirable/
No one will give me credit for this, so I will claim it for myself. I wrote many columns about the Russian government’s insouciant toleration of Washington’s Fifth Columns operating against them. And some of these Fifth Columns are still present in the Russian media and in the neoliberal central bank.
One day, perhaps, the Russian government will come to its full senses.
Read More @ PaulCraigRoberts.org
It took the Russians too long to defend themselves from Washington’s Fifth Column NGOs, but
finally they understood that these US-financed operatives were a dagger at Russia’s heart.
Russian prosecutors have banned them. https://www.rt.com/politics/323919-soros-foundation-recognized-as-undesirable/
No one will give me credit for this, so I will claim it for myself. I wrote many columns about the Russian government’s insouciant toleration of Washington’s Fifth Columns operating against them. And some of these Fifth Columns are still present in the Russian media and in the neoliberal central bank.
One day, perhaps, the Russian government will come to its full senses.
Read More @ PaulCraigRoberts.org
by Claudio Grass, Global Gold AG via Zero Hedge:
Paris attacks legitimize a new wave of counter-terrorism and emergency laws
The tragic Paris attacks led me to raise questions once again, since it is the second time that France has topped the news headlines this year. I believe that followers of our Outlook are now aware that I am a big fan of history. I have a tendency to go back to my history books to reflect on the past and recognize similar patterns to the events that we are experiencing today. Looking back, it seems obvious that, going through the 20th century and into the 21st, wars went, from being about nationalism, to ideological wars (communism versus democracy or what we would call ‘state capitalism disguised in democracy’), to becoming about religion, which sort of takes us back to the dark ages. Since the Berlin wall came down, back in 1989, and communism was defeated, it has been replaced by the “Muslim world”. We could see this change in Hollywood movies and in our media coverage.
Read More…
Paris attacks legitimize a new wave of counter-terrorism and emergency lawsThe tragic Paris attacks led me to raise questions once again, since it is the second time that France has topped the news headlines this year. I believe that followers of our Outlook are now aware that I am a big fan of history. I have a tendency to go back to my history books to reflect on the past and recognize similar patterns to the events that we are experiencing today. Looking back, it seems obvious that, going through the 20th century and into the 21st, wars went, from being about nationalism, to ideological wars (communism versus democracy or what we would call ‘state capitalism disguised in democracy’), to becoming about religion, which sort of takes us back to the dark ages. Since the Berlin wall came down, back in 1989, and communism was defeated, it has been replaced by the “Muslim world”. We could see this change in Hollywood movies and in our media coverage.
Read More…
by Louis Cammarosano, Smaulgld:
Due to the U.S. Mint’s inability to keep up with demand for American
Silver Eagle coins, premiums doubled during the month of September,
further curbing sales.
This chart and charts showing the premiums of other popular silver and gold coin premiums is updated here from time to time.
Read More
Due to the U.S. Mint’s inability to keep up with demand for American
Silver Eagle coins, premiums doubled during the month of September,
further curbing sales.This chart and charts showing the premiums of other popular silver and gold coin premiums is updated here from time to time.
The near six year low in silver prices during 2015, and the higher gold silver ratio helped boost sales.
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![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
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