“The government and parliament need to review the agreement signed with the United States on security because the United States does not seriously care about its fulfillment, We demand that it be annulled."
Senate Holds Hearing On Farcical US ISIS "Strategy" - Live Feed
Submitted by Tyler Durden on 12/09/2015 - 09:52 Do you need a bit of comic relief this Wednesday morning? Tune in live as Ash Carter explains to lawmakers how The Pentagon intends to fight Islamic State in the year ahead.
Glencore CDS Are Soaring Again As Default Risk Rises Above 50%
Submitted by Tyler Durden on 12/09/2015 - 09:50 As of today, with Glencore stock once again trading near all time lows sliding as low at 75p, the company's default risk just hit 54%, the highest in 6 years, as a result of its CDS blowing out past 900 and wider than the intraday spreads hit in September as the following chart from Markit shows.
And The European Markets Break (Again)
For the second day in a row, European stock markets have broken. Today, it is even more serious as Euronext warns of a "data issue" which means no levels are being disseminated for AEX, CAC40, BEL20, and PSI20.
Greek Stocks Crash To 30-Month Lows As Trading Restrrictions Lifted
Since laste June, "local investors" have been restricted to only being allowed to buy shares and disallowed from withdrawing cash from accounts. Those restrictions did not stop the stock market from collapsing further and today authorities have decided to lift those capital controls... the result - ASE has plunged below mid-Summer lows to its lowest since June 2009...from FinanceAndLiberty:
Trump Accuses Merkel Of "Ruining Germany" In Response To Time "Person Of The Year" Snub
Submitted by Tyler Durden on 12/09/2015 - 09:15
The Dollar Is Dumping
Submitted by Tyler Durden on 12/09/2015 - 09:10 The USD is getting pummeled this morning (following China's 'devaluation' to the weakest Yuan since 2011 overnight) as all the majors are bid against the greenback. USD Index is now below the post-ECB lows from last week... The USD is now at its weakest since early November.UK Petition To Ban Trump From Entry Gets Enough Signatures To Be Debated By Parliament
Submitted by Tyler Durden on 12/09/2015 - 09:01
Ever Greater Distortions Hint At Rising Crash Probabilities
Submitted by Tyler Durden on 12/09/2015 - 08:41 Government interference by both central banks and regulators (the latter are desperately fighting the “last crisis”, bolting the barn door long after the horse has escaped, thereby putting into place the preconditions for the next crisis) has created an ever more fragile situation in both the global economy and the financial markets. As the below charts and data show, price distortions and dislocations have been moving from one market segment to the next and they keep growing, which indicates to us that there is considerable danger that a really big dislocation will eventually happen.
Angela Merkel Is Time's Person Of 2015, Followed By ISIS Leader Al-Baghdadi And Donald Trump
Submitted by Tyler Durden on 12/09/2015 - 08:23 When Time magazine announced the short list of its Persons of the Year for 2015, there was some consternation that the winner could be ISIS leader Abu Bakr al-Baghdadi or, maybe even worse according to the US press, Donald Trump. Instead, according to the just announced final results, the two gentlemen are in positions #2 and #3 respectively, with the winner being Germany's iron chancellor, Angela Merkel, whose position however in the aftermath of Europe's historic refugee crisis, has been downgraded from "iron" to quite shaky in recent weeks.
Freeport McMoRan, World's Second Largest Copper Miner, Suspends Dividend
Submitted by Tyler Durden on 12/09/2015 - 08:13 FCX announced today that its Board has suspended its annual common stock dividend of $0.20 per share. This action will provide cash savings of approximately $240 million per annum and further enhance FCX’s liquidity during this period of weak market conditions. FCX’s Board will review its financial policy on an ongoing basis and authorize cash returns to shareholders as market conditions improve.
ECB's Nowotny Blames "Massive Failure Of Market Analysts" For Last Week's Unprecedented Hedge Fund Losses
Submitted by Tyler Durden on 12/09/2015 - 07:22 "I think it was really a massive failure of market analysts," Nowotny told a news conference, adding that those analysts should have paid more attention to economic fundamentals. The comedy continued when Nowotny said that "the ECB can and will not let itself be pushed by the markets," adding that "it’s not our job to correct wrong expectations of individuals” and “it wasn’t the view of the whole market." Which, of course, was a lie.
Global Stocks Slump As Mining Rout Accelerates, Concerns Grow About Chinese "Stealth Devaluation"
Submitted by Tyler Durden on 12/09/2015 - 06:53 Overnight market action has largely been a continuation of Tuesday's key themes with European stocks falling as a selloff in mining companies extended to a 7th day, even as metals prices rose and crude oil rallied modestly from a six-year low after yesterday's API crude inventory draw. U.S. equity futures have rebounded from modest declines, as emerging-market shares extended their losing streak to a 6th day while Asian stocks dropped to 2 month lows.
Putin Hopes "There Will Be No Need To Nuke" The Islamic State
Submitted by Tyler Durden on 12/08/2015 - 22:28 "This new, modern, highly efficient, and highly precise weapon can be equipped with both a conventional warhead as well as a special, nuclear warhead. Naturally, in the fight against terrorism that is not needed and I hope there will be no need [to use nukes against the Islamic State]."- Vladimir Putin
Behold The Deflationary Wave: How China Is Flooding The World With Its Unwanted Commodities
Submitted by Tyler Durden on 12/08/2015 - 22:00 Between commodity-backed financing deals and the centrally-planned mal-investment boom-driven excess capacity, China has a lot of 'liquidation' to do to normalize from a credit-fueled smoke-and-mirrors world to a painful reality. As Bloomberg notes, there’s no let-up in the onslaught of commodities from China. While the country's total exports are slowing in dollar terms (as we noted last night), shipments of steel, oil products and aluminum are reaching for new highs, flooding the world with unwanted inventories. China's de-glutting is now the rest of the world's problem as the deflationary tsunami grows ever higher. This is not going to end well. Not for anybody. Other than the arms lobby. What it will do is change geopolitics forever, and a lot.
Meet The Peer 2 Peer Lending Website That Funded The San Bernardino Shooters
Submitted by Tyler Durden on 12/08/2015 - 21:35 "Prosper is the market leader in peer-to-peer lending-a popular alternative to traditional loans and investing options. Prosper allows people to invest in each other in a way that is financially and socially rewarding. We cut out the middleman to connect people who need money with those who have money to invest...so everyone prospers!"Macroeconomic analyst Rob Kirby says the U.S. dollar is constantly manipulated by the Treasury.
Kirby contends, “I think we are palpably close to major dislocations in the market. . . . China has been selling U.S. securities on an all-out basis. So, the U.S. Treasury market is weak. So, when the Treasury sees this, it runs counter-intuitive to the strong U.S. dollar which has been a rig job from the get go. . . . The strong dollar and swap spreads trading negative are absolutely in opposition to each other. It exposes that something is tragically wrong, and it is something that doesn’t make sense. It’s like shining light on cockroaches.”
Commercial real estate prices over the past many years have done only two things, in this sequence: boom at a blistering pace to dizzying heights and then crash violently.
The benign description for this elegant and repetitive process: “the end of the credit cycle.” Credit gets just a little tighter and a little more expensive, as investors are once again opening their eyes to risks and want to be compensated for them at least a little bit. Then cap rates can no longer compete with rising corporate bond yields. The lofty lease rates commercial property owners have been charging and that made all this possible smack into ordinary run-of-the-mill economic ills that cause vacancy rates to rise.
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by Joachim Hagopian, The New American:
Amid United Nations efforts to shackle humanity to a UN “climate regime” at the COP21 global-warming summit, an international team of scientists and experts from various fields debunked the hysteria at a separate conference in Paris for realists. Essentially, the prestigious scientists said, there is no man-made global-warming crisis. The UN’s “climate” efforts, meanwhile, have a much more sinister agenda: Destroying industrial civilization, propping up kleptocrats with Western tax funds, and seizing control of the global economy under the guise of regulating the immensely beneficial “gas of life,” also known as carbon dioxide. The top U.S. senator on the Environment Committee also offered a message of hope to climate realists, saying the “climate charade” by the UN and the Obama administration was dead on arrival.
Read More…
Amid United Nations efforts to shackle humanity to a UN “climate regime” at the COP21 global-warming summit, an international team of scientists and experts from various fields debunked the hysteria at a separate conference in Paris for realists. Essentially, the prestigious scientists said, there is no man-made global-warming crisis. The UN’s “climate” efforts, meanwhile, have a much more sinister agenda: Destroying industrial civilization, propping up kleptocrats with Western tax funds, and seizing control of the global economy under the guise of regulating the immensely beneficial “gas of life,” also known as carbon dioxide. The top U.S. senator on the Environment Committee also offered a message of hope to climate realists, saying the “climate charade” by the UN and the Obama administration was dead on arrival.
Read More…
by Harvey Organ, HarveyOrganblog:
Good evening Ladies and Gentlemen:
Gold: $1076.30 down $.10 (comex closing time)
Silver $14.09 down 31 cents
In the access market 5:15 pm
Gold $1075.00
Silver: $14.16
At the gold comex today, we had an extremely poor delivery day, registering 120 notices for 12,000 ounces. And this is the biggest delivery month of the year for gold? Silver saw only 1 notice for 5,000 oz.
Read More
Good evening Ladies and Gentlemen:Gold: $1076.30 down $.10 (comex closing time)
Silver $14.09 down 31 cents
In the access market 5:15 pm
Gold $1075.00
Silver: $14.16
At the gold comex today, we had an extremely poor delivery day, registering 120 notices for 12,000 ounces. And this is the biggest delivery month of the year for gold? Silver saw only 1 notice for 5,000 oz.
Read More
from Zen Gardner:
For the first half of my life I was a master manipulator, a weaver of grand stories, a long distance runner and avoider of truths and responsibilities, and a victim of the highest order.
It can be very difficult for a person to admit to themselves that they have a victim mentality; facing this fact means you have to admit you are rather accustomed to feeling self pity, as well as placing blame outside of yourself regularly. These are hard admissions to make, let alone try to understand. Yet every person I’ve met who has made this leap from victim to self-aware has benefited in so many ways, and has ultimately become a happier and more balanced person.
Read More…
For the first half of my life I was a master manipulator, a weaver of grand stories, a long distance runner and avoider of truths and responsibilities, and a victim of the highest order.
It can be very difficult for a person to admit to themselves that they have a victim mentality; facing this fact means you have to admit you are rather accustomed to feeling self pity, as well as placing blame outside of yourself regularly. These are hard admissions to make, let alone try to understand. Yet every person I’ve met who has made this leap from victim to self-aware has benefited in so many ways, and has ultimately become a happier and more balanced person.
Read More…
Critics demand death for GOP front-runner after Muslim remarks
by Douglas Ernst, WND:
Donald Trump’s online critics have proposed an alternative to his anti-terrorism policies: Assassinate him instead.
Secret Service agents assigned to protect Trump since Nov. 11 may be working overtime in the wake of his comments on halting Muslim immigration into the U.S. A slew of death threats against the billionaire were tweeted after a campaign stop in South Carolina on Monday.
Read More
by Douglas Ernst, WND:
Donald Trump’s online critics have proposed an alternative to his anti-terrorism policies: Assassinate him instead.Secret Service agents assigned to protect Trump since Nov. 11 may be working overtime in the wake of his comments on halting Muslim immigration into the U.S. A slew of death threats against the billionaire were tweeted after a campaign stop in South Carolina on Monday.
Read More
from Pete Santilli Show:
Special guest – Butch & Rita Lewis – Local 100 retired Teamsters – Update on criminal activity of Union leaders and The United States Government – Cincinnati Ohio
Special guest – Butch & Rita Lewis – Local 100 retired Teamsters – Update on criminal activity of Union leaders and The United States Government – Cincinnati Ohio
by Stephen Lendman, Rense:
America
has a notorious record of indiscriminately killing civilians in all its
wars of aggression – from aerial attacks and ground operations,
including special ops.
Since US warplanes began bombing Syrian infrastructure and government targets last year on the phony pretext of combating ISIS, nearly a thousand civilian deaths were reported, likely many more ignored or forgotten in the fog of war.
Read More
America
has a notorious record of indiscriminately killing civilians in all its
wars of aggression – from aerial attacks and ground operations,
including special ops.Since US warplanes began bombing Syrian infrastructure and government targets last year on the phony pretext of combating ISIS, nearly a thousand civilian deaths were reported, likely many more ignored or forgotten in the fog of war.
Read More
from The Money GPS:
from Sputnik News:
As part of Moscow’s anti-terror campaign, Russian warplanes have carried out 300 sorties against targets in Syria over the last three days.
“We carried out more than 300 combat missions in Syria in the past three days, hitting over 600 various targets,” Russian Defense Minister Sergei Shoigu told Putin.
One video released by the Defense Department shows the massive airstrikes carried out by Long-range bombers.
Read More
As part of Moscow’s anti-terror campaign, Russian warplanes have carried out 300 sorties against targets in Syria over the last three days.
“We carried out more than 300 combat missions in Syria in the past three days, hitting over 600 various targets,” Russian Defense Minister Sergei Shoigu told Putin.
One video released by the Defense Department shows the massive airstrikes carried out by Long-range bombers.
Read More
from Democracy Now:
In his first televised U.S. interview since becoming U.K. Labour leader three months ago, Jeremy Corbyn addresses the refugee crisis. “I think we have to both open up and take in far more of the Syrian refugees, but also take in those people that are living in these desperate camps because it is inhuman,” Corbyn says. “We’re not going to secure the world’s future with razor wire and electronic surveillance of borders. You only secure the world’s future if you deal with the desperate levels of inequality in the world and deal with the disproportionate effects of environmental change around the world.”
In his first televised U.S. interview since becoming U.K. Labour leader three months ago, Jeremy Corbyn addresses the refugee crisis. “I think we have to both open up and take in far more of the Syrian refugees, but also take in those people that are living in these desperate camps because it is inhuman,” Corbyn says. “We’re not going to secure the world’s future with razor wire and electronic surveillance of borders. You only secure the world’s future if you deal with the desperate levels of inequality in the world and deal with the disproportionate effects of environmental change around the world.”
from ENE News:
National Conference on Radiation Control (Joji Ortego, Los Angeles County Radiation Management, Principal Radiation Protection Specialist), Jul 2012 (emphasis added):
National Conference on Radiation Control (Joji Ortego, Los Angeles County Radiation Management, Principal Radiation Protection Specialist), Jul 2012 (emphasis added):- Los Angeles County’s Response to the Fukushima Incident
- Public Concerns — Will radiation reach California?… Local produce exposed? Radiation in rain? Is water and milk safe?…
- Delay in obtaining information from the federal agencies… Deployed ~20 telemetry radiation monitors… Deployed ~30 air samplers throughout the County…
- LA County contacted the State’s Radiologic Health Branch (RHB) for assistance. Due to budgetary issues, RHB pulled the 3 RAM [Radiation Area Monitor?] inspectors…
- State lab results would not be able to report results in a timely manner – may take weeks… Local RAM manufacturer equipped with analyzer [was] contacted for assistance – 24‐hour turnaround time… Read More
by Christina Sarich, Natural Society:
The U.S. Department of Agriculture’s Animal and Plant Health Inspection
Service (APHIS) recently made it a little easier for Monsanto and
Syngenta to push their poison. The agency has deregulated two more strains of genetically engineered corn.
Though the FDA stated in September that it planned to implement more strict protocols for permitting GE wheat strains due to non-GMO crops being contaminated through cross pollination, they have apparently decided the two more GMO corn varieties don’t pose the same exact threat!
Read More
The U.S. Department of Agriculture’s Animal and Plant Health Inspection
Service (APHIS) recently made it a little easier for Monsanto and
Syngenta to push their poison. The agency has deregulated two more strains of genetically engineered corn.Though the FDA stated in September that it planned to implement more strict protocols for permitting GE wheat strains due to non-GMO crops being contaminated through cross pollination, they have apparently decided the two more GMO corn varieties don’t pose the same exact threat!
Read More
from Boom Bust:
Brent crude crashed below $40 a barrel for the first time in nearly seven years on Tuesday in a further decline from Monday’s losses. Ameera David weighs in. Ameera also highlights the cut in forecasts for growth in France, all due to the Paris terror attacks that. Then, Ameera sits down with billionaire investor and acclaimed author Jim Rogers about how he is positioning himself during this major decline in oil, gold and commodities prices.
Brent crude crashed below $40 a barrel for the first time in nearly seven years on Tuesday in a further decline from Monday’s losses. Ameera David weighs in. Ameera also highlights the cut in forecasts for growth in France, all due to the Paris terror attacks that. Then, Ameera sits down with billionaire investor and acclaimed author Jim Rogers about how he is positioning himself during this major decline in oil, gold and commodities prices.
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