Sunday, December 27, 2015

Something Just Snapped Again In China - B-Shares Crash Most In 4 Months



Update: *SHANGHAI B-SHARE INDEX PLUNGES 7.8% - MOST IN 4 MONTHS
We have seen this pattern before. In August, the first thing to tumble was Yuan FX rates, then money market rates exploded, and then the stock market tumbled. While it is a little premature, today's sudden plunge in Chinese stocks (as the afternoon session opens) following last week's spike in money market rates following the previous week's non-stop weakness in the Yuan does have a concerning smell of deja vu all over again.



Abenomics Is Dead - Japanese Data Collapses Across The Board

With recent JPY strength not helping, last week ended on a down-note for Japan as its jobless rate ticked up from 3.1% to 3.3% (the biggest rise since January) and Household spending collapsed. However, as the last week of the year begins, things have not improved as a double whammy of awfulness just hit the shores of Abe's nation with retail sales (worst since the tsunami) and industrial production ugly and missing across the board. We are sure, of course, that just one more dose of faith-based QE will fix this.



How The Public Get Suckered By "News" Media Ignoring Reality


The aristocracy’s control over all the mainstream ‘news’ is ironclad - and this includes the political magazines as well as ‘intellectual’ magazines.  American ‘news’ media stifle democracy in America; they’re not part of  democracy, in America. They’re like poison that’s presented as being ‘medicine’ instead. Suckers don’t just swallow it; they come back for more of that propaganda. A press like this makes it impossible for there to be intelligent, informed, rather than misinformed and/or stupid, voting in national political elections in the United States.



Meanwhile, Over At The "New York" Stock Exchange... Many Lasers

This, ladies and gentlemen, is what "trading" has become.



"Trump Voters Are Not Just Angry - They Want Revenge"

The phenomenon of “The Donald” is rooted in a psyche far deeper and more consequential than next November’s presidential election. His support denotes an abiding distrust in - and disrespect for - the governing elite. These individuals do not like being told by Washington or Wall Street what is best for them, do not like the direction America is headed in, and disdain President Barack Obama and his (perceived) circle of self-righteous, tone-deaf governing partisans. Trump voters are not just angry - they want revenge.



Guest Post: Has There Ever Been A More Selfish Generation?

Because we squandered our opportunity to correct our own problems, our problems shall be our legacy. It’s wretched how dumb we are in our greed to have everything right now in the cheapest way possible and how willing we are to force the debts of that consumption upon our grandchildren and to pretend that won’t hurt them. We live in economic denial.



Why Driving Behind Chinese Trucks May Be Hazardous To Your Health

In one of the greatest analogies for China's slow-moving, pollution-puking economy, the impact of this small bump in the road sums up the fragility of the credit-fueled slow-motion truck-wreck that the central planners have created...



This Is What Gold Does In A Currency Crisis, Canadian Edition

Along with the currencies of most other commodity-exporting countries, the Canadian dollar has been in near-freefall lately. Gold, meanwhile, has been sucked down with the rest of the commodities complex, falling hard since 2013. But only in US dollars. For Canadians, with their weak domestic currency, gold has been behaving just fine. It’s up 17% in C$ terms over the past two years and looks ready to rally from here. Protection from currency trouble is why people own it, and why in the vast majority of places it’s owners are very happy.



Obama Scrambles To Create "New ISIS Narrative" After Putin Embarrasses Washington

“If you're not willing to change policy ... or you're not willing to change your goals, then what you do is you reorganize the deck chairs on the Titanic."
"There is a legitimate criticism of what I've been doing and our administration has been doing in the sense that we haven't, you know, on a regular basis I think described all the work that we've been doing for more than a year now to defeat ISIL."



Ontarians Urged To "Voluntarily" Pay More Taxes To Cut Province's Debt

Christmas is a time for giving and that is what Ontario Premier Kathleen Wynne is asking of her citizenry. With almost $300 billion in debt, and almost 1 in 10 dollars of revenue going to pay interest, and already facing the highest tax rates in North America, The Star reports that Ontario officials are asking that 'patriots' voluntarily donate their tax refund or write a cheque to defray the province's massive debtload.



2015: The Year That Exposed The "Experts" And Left The "Smart-Crowd" Dumbfounded

It wasn’t supposed to be this way. We were all told by the “experts” and the so-called “smart crowd” ad nauseam the economy and markets of 2015 were “ready for lift off.” Proclamations that GDP and other economic metrics were indeed going to be the unquestionable catalyst to help propel not only the markets themselves ever higher, but also, prove all the nay-sayers as well as data-deniers wrong. The problem? It was the exact opposite. 2015 exposed the sole overarching fundamental principle the “experts” refused to calculate into their qualitative analysis. That fundamental? Without the continuing interventionism of the Federal Reserve – there is no market. Period.



WalMart Works With FBI, MIC To Spy On "Problem" Employees

Evil corporate America meets oppressive police state: “When we received word of potential strikes and disruptive activity on Black Friday 2012, that’s when we started to ask the ARC to work with us. ARC had contracted with Lockheed leading up to Black Friday to help source open social media sites.”

Food as an Investment – Preparing Now for a Food Crisis

from Natural News:
People all over the US are feeling a sudden pinch on their food budgets. This is a result of a convergence of events that have spiked prices for everyday items like meat, eggs, dairy but also natural events like drought, floods, snow. (Story by Ray Gano, republished from Prophezine.com)
ALREADY food prices have gone up 0.4 percent in February.
Love steak? Beef shoppers have faced some huge increases in this past year. In fact average beef prices have jumped 4 percent just in January.(1)
For the past year I have been warning people of rising food prices and what I believe will happen a lack of food on the shelves.
Read More

Elite Stashing Gold While Bashing It In The Press — Jim Willie

from Reluctant Preppers:



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