by Dave Kranzler, Investment Research Dynamics:
The director of the CME Metals Group announced her resignation to effective December 11. No further explanation was provided – Reuters link. I’m not one to infer some type of conspiracy theory in connection with this, but it seems rather abrupt. It’s akin to Bernanke leaving the Fed much sooner than anyone expected. The rats are leaving the ship before it sinks.
The collapse began in earnest in 2008. This is why gold soared to all-time highs in dollar terms until late 2011. The effort to push down the price of gold is overt evidence that the systemic collapse, even with the heavy application of money printing, has been ongoing since 2008. The recurring violent hits to the price of gold using fraudulent paper gold is overt evidence that the authorities are becoming more desperate in their attempt to hide any possible market signals that the systemic collapse is accelerating. This is how gold behaved from March 2008 – October 2008. Look what happened then.
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The director of the CME Metals Group announced her resignation to effective December 11. No further explanation was provided – Reuters link. I’m not one to infer some type of conspiracy theory in connection with this, but it seems rather abrupt. It’s akin to Bernanke leaving the Fed much sooner than anyone expected. The rats are leaving the ship before it sinks.
The collapse began in earnest in 2008. This is why gold soared to all-time highs in dollar terms until late 2011. The effort to push down the price of gold is overt evidence that the systemic collapse, even with the heavy application of money printing, has been ongoing since 2008. The recurring violent hits to the price of gold using fraudulent paper gold is overt evidence that the authorities are becoming more desperate in their attempt to hide any possible market signals that the systemic collapse is accelerating. This is how gold behaved from March 2008 – October 2008. Look what happened then.
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Robots Made Fast-Food Workers Obsolete: Now They Are Coming After These 791,200 Jobs
Submitted by Tyler Durden on 12/04/2015 - 17:00 For the hundreds of thousands of warehouse, retail and storage workers who will soon be made obsolete, please meet your nemesis: the robot who will do your job without complaints, asking for a pay raise (or salary), or ever threatening to unionize.
Nothing To Fear But The Fearful Themselves
Submitted by Tyler Durden on 12/04/2015 - 22:00 Stop swallowing the overblown scaremongering of the government and its corporate media cronies. Stop letting them use hysteria over small menaces to drive you into the arms of tyranny, which is the greatest menace of all. Overthrow the reign of terror the State has installed over your mind. Else the days ahead may be terrible indeed.
It should go without saying that the internal political processes of a
sovereign country belongs to the people of that country, and no-one
else. Nevertheless, as Washington insists on a prerogative to determine
who can or cannot lead another country, some background on Bashar al
Assad and the political reform process in Syria might be useful.We find little reasonable discussion of either, in western circles, after the Islamist insurrection of 2011. Instead, the wartime discussion descended into caricatures, conditioned by ‘regime-change’ fervour and bloody war, of a bloodthirsty ‘brutal dictator’ mindlessly repressing and slaughtering his own people. None of this helps sensible or principled understandings. Fortunately, there are a range of Syrian and independent sources that allow us to put together a more realistic picture. If we believed most western media reports we would think President Assad had launched repeated and indiscriminate attacks on civilians, including the gassing of children.
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Prominent Turkish Media Figure Resigns Citing Legal Battle With Erdogan
Submitted by Tyler Durden on 12/04/2015 - 21:30 "As the founding editor-in-chief of the Today's Zaman, I have sincerely tried to fulfill my job to the best of my ability, maintained the paper's integrity and tried to resist all kinds of pressure from the government as much as I could."
The Pretend War: Why Bombing ISIS Won't Solve The Problem
Submitted by Tyler Durden on 12/04/2015 - 21:00 The vicious Isis attacks in Paris represent yet another unpardonable offense; and through war, Cameron and Hollande seek to avenge the innocents who were killed and wounded. But as the humiliating outcome of the Suez war reminds us, there are some problems to which war is an unsuitable response. Across much of the greater Middle East today, we confront one such problem. For western governments to reflexively visit further violence on that region represents not a policy but an abdication of policy. It’s past time to think differently.
For Citi, This Is The "Greatest Event Risk" For Markets In 2016
Submitted by Tyler Durden on 12/04/2015 - 20:30 "In the year ahead, geopolitics likely poses the greatest potential to disrupt markets in terms of event risk. There is also the potential for geopolitical risks to intersect with economic fragility in the event of a downturn, amplifying both."
Why The Liberal Media Hate Trump
Submitted by Tyler Durden on 12/04/2015 - 20:00 Enter The Donald. His popularity is traceable to the fact that he rejects the moral authority of the media, breaks their commandments, and mocks their condemnations. His contempt for the norms of Political Correctness is daily on display. And that large slice of America that detests a media whose public approval now rivals that of Congress, relishes this defiance. The last thing these folks want Trump to do is to apologize to the press.
Correlation May Not Equal Causation, But This Divergence Looks Like Bad News
Submitted by Tyler Durden on 12/04/2015 - 19:30 For about three weeks, beginning on August 11, just about all anyone wanted to talk about were EM FX reserves, and for good reason. But because the market has a short memory, the global EM FX reserve liquidation story has been largely forgotten even as commodity prices remain in the doldrums and even as a laundry list of idiosyncratic factors are still weighing on the world’s most important emerging economies from Brasilia to Ankara to Beijing to Kuala Lumpur.
Democratic New York State Sheriff Urges Citizens To Carry Guns In Mass Shooting Aftermath
Submitted by Tyler Durden on 12/04/2015 - 19:00 A democratic sheriff from New York State's Ulster Country, Paul Van Blarcum, asked residents in his county to carry their legal guns in the wake of a mass shooting in California that has reignited a national conversation about gun control. "In light of recent events that have occurred in the United States and around the world I want to encourage citizens of Ulster County who are licensed to carry a firearm to PLEASE DO SO," Ulster County Sheriff Paul J. Van Blarcum wrote on Facebook Thursday. "I urge you to responsibly take advantage of your legal right to carry a firearm."
Indian Government Shifts Focus to Temple Stash After Failing To Get Citizens' Gold
Submitted by Tyler Durden on 12/04/2015 - 18:30 When at first you don't succeed (having failed in their bid to draw physical gold from the 'cold, dead' hands of Indian citizens), find another group to exploit. As is standard operating procedure with government, if voluntarism fails, use coercion...Caught On Tape: Russia Destroys ISIS Oil Transport Cars, Al-Qaeda Training Camp
Submitted by Tyler Durden on 12/04/2015 - 18:00
Feds Illegally Maintain Registry Of Firearm Owners; Media Fails To Report It
Submitted by Tyler Durden on 12/04/2015 - 17:30 One of the largest fears of firearm owners is the prospect of a database of their names and personal information in the hands of the federal government. The idea of the government in possession of a list of gun owners has been one of the most opposed proposals in the gun control debate. The stiff opposition is linked to the justifiable fear of the government using such a list to confiscate firearms by force."As If It Never Happened" - Stocks, Bonds, Gold Soar On Draghi "No Limits" Double-Speak
Submitted by Tyler Durden on 12/04/2015 - 17:15
Weekend Reading: Market Forecasting
Submitted by Tyler Durden on 12/04/2015 - 16:30 The mainstream media is increasingly suggesting that we have once again entered into a 'Goldilocks Economy.' The problem is that in the rush to come up with a 'bullish thesis' as to why stocks should continue to elevate in the future, they have forgotten the last time the U.S. entered into such a state of 'economic bliss.' You might remember this: "The Fed's official forecast, an average of forecasts by Fed governors and the Fed's district banks, essentially portrays a 'Goldilocks' economy that is neither too hot, with inflation, nor too cold, with rising unemployment." - WSJ Feb 15, 2007. Of course, it was just 10-months later that the U.S. entered into a recession followed by the worst financial crisis since the 'Great Depression.'SHOW NOTES: https://www.corbettreport.com/?p=17159
Every sexual assault victim deserves to be heard and believed, sayeth Hillary Clinton. Except for those who accuse her husband of rape, of course. Or the 12 year old rape victim who she said was asking for it. Or the victims of her hubby’s pedophile pal. Or…or…or…Just search for “Hillary Clinton rape” (and “Bill Clinton rape” while you’re at it).
by Geoffrey Grider, Now the end Begins:
THE SENATE VOTED THURSDAY EVENING FOR THE FIRST TIME EVER TO REPEAL
PRESIDENT BARACK OBAMA’S SIGNATURE HEALTH CARE LAW, PASSING THE MEASURE
52-47The bill will now head to the House, where it should win easy approval from the Republican majority. Congress will then send the measure, which also strips federal funding for Planned Parenthood, to Obama who will veto it.
THIS MARKS THE FIRST TIME THE REPUBLICAN CONTROLLED CONGRESS HAS EVER SENT A BILL TO REPEAL OBAMACARE TO THE PRESIDENT’S DESK.
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by Jeff Nielson Bullion Bulls:
I have to admit, when the One Bank and India’s new, corrupt government first announced their “gold deposit scheme” (gold-theft scam), I really didn’t think I was going to enjoy watching it unfold. Of course at the time I was deceived by the massive amount of hype from the mainstream media that there was considerable enthusiasm among India’s population to give away their cherished gold.
Silly me!
As has already been reported, during the first two weeks of this “operation”, the Thieves managed to net a grand total of just under 1 lb of gold. Now we get an update. With the scam a full month old; India’s government has now stolen a grand total of about 2 lbs of gold. As the Thieves have already stated; their goal is to steal as much of the 20,000 TONS of gold being hoarded in India as they can.
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I have to admit, when the One Bank and India’s new, corrupt government first announced their “gold deposit scheme” (gold-theft scam), I really didn’t think I was going to enjoy watching it unfold. Of course at the time I was deceived by the massive amount of hype from the mainstream media that there was considerable enthusiasm among India’s population to give away their cherished gold.
Silly me!
As has already been reported, during the first two weeks of this “operation”, the Thieves managed to net a grand total of just under 1 lb of gold. Now we get an update. With the scam a full month old; India’s government has now stolen a grand total of about 2 lbs of gold. As the Thieves have already stated; their goal is to steal as much of the 20,000 TONS of gold being hoarded in India as they can.
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by Alasdair Macleod, Gold Money:
One can understand the Fed’s frustration over the failure of its interest rate policy, and its desire to escape the zero bound.
However, since the FOMC has all but said it will increase rates at its December meeting, events have turned against this course of action. The other major central banks are in easing mode, and the slowdown in China has further undermined both world trade flows and commodity prices. The result has been a strong dollar, which has effectively eliminated any perceived need for higher dollar interest rates. Meanwhile, the US’s non-financial economy remains subdued.
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One can understand the Fed’s frustration over the failure of its interest rate policy, and its desire to escape the zero bound.
However, since the FOMC has all but said it will increase rates at its December meeting, events have turned against this course of action. The other major central banks are in easing mode, and the slowdown in China has further undermined both world trade flows and commodity prices. The result has been a strong dollar, which has effectively eliminated any perceived need for higher dollar interest rates. Meanwhile, the US’s non-financial economy remains subdued.
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from Dollar Collapse:
Each month one or two high-profile government reports show the US is growing, adding jobs and generally recovering from the Great Recession. But it’s not clear how that can be, when the part of the economy that makes and moves real things keeps shrinking. Here’s a chart, published recently by Zero Hedge, showing that US manufacturing has been contracting for the past year:
Meanwhile, the companies that move physical things around are falling hard:
Railroad stocks drop after companies give downbeat outlooks
Railroad stocks dropped sharply Wednesday, after both Kansas City Southern and CSX Corp. provided downbeat outlooks for the current quarter at an analyst conference.
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Each month one or two high-profile government reports show the US is growing, adding jobs and generally recovering from the Great Recession. But it’s not clear how that can be, when the part of the economy that makes and moves real things keeps shrinking. Here’s a chart, published recently by Zero Hedge, showing that US manufacturing has been contracting for the past year:
Meanwhile, the companies that move physical things around are falling hard:
Railroad stocks drop after companies give downbeat outlooks
Railroad stocks dropped sharply Wednesday, after both Kansas City Southern and CSX Corp. provided downbeat outlooks for the current quarter at an analyst conference.
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by Fred Reed, Contra Corner:
A few cheering thoughts on terrorism. This column specializes in cheering thoughts.
Terrorism by Moslems in America and Europe cannot be stopped. If attacks do not occur, it will be because nobody tried very hard. Stopping them would require excluding Moslems, deporting them, or controlling them by totalitarian methods. Or, improbably, minding our own business in the Middle East.
What you think of the foregoing approaches doesn’t matter, since none of them will be used. In France the result would be a civil war. America is too divided to do anything about anything.
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A few cheering thoughts on terrorism. This column specializes in cheering thoughts.
Terrorism by Moslems in America and Europe cannot be stopped. If attacks do not occur, it will be because nobody tried very hard. Stopping them would require excluding Moslems, deporting them, or controlling them by totalitarian methods. Or, improbably, minding our own business in the Middle East.
What you think of the foregoing approaches doesn’t matter, since none of them will be used. In France the result would be a civil war. America is too divided to do anything about anything.
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by Graham Summers, GoldSeek:
It’s always been true, as Bourne said, that “war is the health of the State.” But it’s especially true when economic times get tough. That’s because governments like to blame their problems on outsiders; even an imagined foreign threat tends to unify opinions around those of the leaders. Since economies around the world are all weakening, and political leaders are all similar in essential mindset, there’s good reason to believe the trend towards World War III is accelerating.
Many politicians and pundits in the U.S. blame “those damn Chinese” for taking “our jobs” by filling Walmart with tons of cheap goods, and the swarthy ragheads for making the price of oil too high (usually, but now too low).
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It’s always been true, as Bourne said, that “war is the health of the State.” But it’s especially true when economic times get tough. That’s because governments like to blame their problems on outsiders; even an imagined foreign threat tends to unify opinions around those of the leaders. Since economies around the world are all weakening, and political leaders are all similar in essential mindset, there’s good reason to believe the trend towards World War III is accelerating.
Many politicians and pundits in the U.S. blame “those damn Chinese” for taking “our jobs” by filling Walmart with tons of cheap goods, and the swarthy ragheads for making the price of oil too high (usually, but now too low).
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from Gold Core:
‘Super Mario’, the European Central Bank’s monetary magician, disappointed markets yesterday as continuing and unprecedented monetary easing failed to prevent a sharp sell-off in stock and bond markets which has continued today.
There are sharp losses on financial markets after the ECBs President’s – nicknamed ‘Super Mario’ and more recently ‘Magic Mario’ – latest radical measures stopped well short of market expectations and traders desperation for more cheap money and deepening ultra loose monetary policies.
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‘Super Mario’, the European Central Bank’s monetary magician, disappointed markets yesterday as continuing and unprecedented monetary easing failed to prevent a sharp sell-off in stock and bond markets which has continued today.
There are sharp losses on financial markets after the ECBs President’s – nicknamed ‘Super Mario’ and more recently ‘Magic Mario’ – latest radical measures stopped well short of market expectations and traders desperation for more cheap money and deepening ultra loose monetary policies.
Read More
Auto debt getting riskier with extended terms and chasing borrowers with lower credit scores.
from MyBudget360.com:
The word “subprime” was synonymous with the toxic loans that were made during the credit bubble. Some tend to think that those days are long gone but we simply have shifted the form in which toxic debt is filtered into the system. Instead of making no-doc no-income loans on houses, we are now offering no-income loans to college students and also, a large number of subprime loans to purchase cars. This is problematic for a variety of reasons. First, Millennials and younger Americans are carrying the disproportionate amount of debt in college loans and auto loans. College debt is causing major problems including forcing many young people to live at home with their parents well into older adulthood. At least with college if done correctly, you are getting a degree that should boost your earnings power. Of course you need to be weary of how much debt you take on and the quality of the institution you attend. But with auto loans, you are basically financing a purchase that is losing value the moment you take it off the lot. We now have over $1 trillion in auto debt outstanding and a large portion of this growth is coming because of subprime loans to riskier borrowers.
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from MyBudget360.com:
The word “subprime” was synonymous with the toxic loans that were made during the credit bubble. Some tend to think that those days are long gone but we simply have shifted the form in which toxic debt is filtered into the system. Instead of making no-doc no-income loans on houses, we are now offering no-income loans to college students and also, a large number of subprime loans to purchase cars. This is problematic for a variety of reasons. First, Millennials and younger Americans are carrying the disproportionate amount of debt in college loans and auto loans. College debt is causing major problems including forcing many young people to live at home with their parents well into older adulthood. At least with college if done correctly, you are getting a degree that should boost your earnings power. Of course you need to be weary of how much debt you take on and the quality of the institution you attend. But with auto loans, you are basically financing a purchase that is losing value the moment you take it off the lot. We now have over $1 trillion in auto debt outstanding and a large portion of this growth is coming because of subprime loans to riskier borrowers.
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It’s predicted that 38 percent of women and 43 percent of men will develop some type of cancer over their lifetime; however, internationally recognized nutrition and cancer expert Dr. Patrick Quillin says practicing optimal nutrition can reduce the risk of developing cancer by up to 90 percent.
His book, entitled Beating Cancer with Nutrition, provides readers with an aggressive approach to beating and preventing cancer, including reducing your sugar intake, stimulating your immune system and avoiding malnutrition. The following is an excerpt from his book:
“Cancer mimics the chemistry of a fetus, and hence becomes invisible to the human immune system. Cancer also mutates by changing its DNA composition almost weekly, which is a major reason why many cancers develop a drug resistance that often limits the value of chemotherapy. Cancer also weakens its host by installing its own abnormal biochemistry, including:
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