The U.S. is now experiencing the next stage of the great reset. Two pillars were put in place on top of an already existing pillar by the central banks in order to maintain a semblance of stability after the 2008 crash. This faux stability appears to have been necessary in order to allow time for the conditioning of the masses towards greater acceptance of globalist initiatives, to ensure the debt slavery of future generations through the taxation of government generated long term debts, and to allow for internationalists to safely position their own assets. The three pillars are now being systematically removed by the same central bankers. Why? They are simply ready to carry on with the next stage of the controlled demolition of the American structure as we know it.
In Lehman Rerun, Banks Are Buying Protection Against Their Own Systemic Demise Again
At the peak of the craziness of the last cycle, banks took to protecting themselves by buying (credit) protection on other banks as a 'hedge' for systemic risk (which instead exacerbated contagion concerns and was never going to payoff anyway given the systemic - counterparty - collapse required to trigger it). Fast forward 8 years and it appears once again, as Bloomberg reports, that banks are buying (equity) protection in order to hedge the stress-test downside scenarios enforced by The Fed.
How Many People Were Shot Near Your Home This Year: Find Out With This Interactive Map
Given all of the attention the issue has received of late, you might be curious to know just how prevalent gun violence actually is where you live. Fortunately, there’s a map for that. Utilizing data from the Gun Violence Archive, The Trace and Slate have developed an interactive map which allows you to discover how many fatal and non-fatal shooting have occurred in a particular area. Essentially, the map uses location data to find where you are, and tells you if anyone has been shot there recently. How cool is that?"Most Hated Man In America" Martin Shkreli Spends $2 Million On Wu-Tang Clan Album
from The Daily Bell:
The
twentieth century has witnessed the beginning, development, and end of
the most tragic experiment in human history: socialism. The experiment
resulted in tremendous human losses, destruction of potentially rich
economies, and colossal ecological disasters. The experiment has ended,
but the devastation will affect the lives and health of generations to
come. The real tragedy of this experiment is that Ludwig von Mises and
his followers — among the best economic minds of this century — had
exposed the truth about socialism in 1920, yet their warnings went
unheeded. – Dr. Gary North quoting Yuri Maltsev (1990)
Dominant Social Theme: Free markets can’t be trusted.
Free-Market Analysis: Gary North has written an interesting article entitled “Socialism Is Dead. Let’s Move On. We Won” that incorporates his usual rigorous logic. It is posted at his website and also at LewRockwell.com. It is interesting because it provides an insight of which we were not aware. In fact, if you asked us if socialism was dead before reading this article, we would have insisted that socialism was alive and well. But here is Dr. North to remind us that words have meanings and that those meanings need to be respected.
Read More
The
twentieth century has witnessed the beginning, development, and end of
the most tragic experiment in human history: socialism. The experiment
resulted in tremendous human losses, destruction of potentially rich
economies, and colossal ecological disasters. The experiment has ended,
but the devastation will affect the lives and health of generations to
come. The real tragedy of this experiment is that Ludwig von Mises and
his followers — among the best economic minds of this century — had
exposed the truth about socialism in 1920, yet their warnings went
unheeded. – Dr. Gary North quoting Yuri Maltsev (1990)Dominant Social Theme: Free markets can’t be trusted.
Free-Market Analysis: Gary North has written an interesting article entitled “Socialism Is Dead. Let’s Move On. We Won” that incorporates his usual rigorous logic. It is posted at his website and also at LewRockwell.com. It is interesting because it provides an insight of which we were not aware. In fact, if you asked us if socialism was dead before reading this article, we would have insisted that socialism was alive and well. But here is Dr. North to remind us that words have meanings and that those meanings need to be respected.
Read More
Does Fear Lead To Fascism?
We are at a critical crossroads in American history, and we have a choice: freedom or fascism. Let’s hope the American people make the right choice while we still have the freedom to choose.
Could Trump Become One Of America's Greatest Presidents?
Making preposterous and outrageous proposals hardly disqualifies you for the White House. In fact, some of our “best” presidents – at least, according to historians and the public – were those who did the looniest things... things that were completely at odds with the Constitution, the spirit of liberty, and their own policy goals.from HighImpactFlix:
America Crosses The Tipping Point: The Middle Class Is Now A Minority
Americans have long lived in a nation made up primarily of middle-class families, neither rich nor poor, but comfortable enough, notes NPR's Marilyn Geewax, but this year - for the first time in US history, that changed. A new analysis of government data shows that as of 2015, middle-income households have become the minority, extending a multi-decade decline that confirms the hollowing out of society as 49% of all Americans now live in a home that receives money from the government each month. Sadly, the trends that are destroying the middle class in America just continue to accelerate.
China Says Turkey Needs To Respect Iraq's Sovereignty, Territorial Integrity
Submitted by Tyler Durden on 12/09/2015 - 20:50 With Turkey and Iraq still at odds over the former's deployment of between 150 and 300 troops along with two dozen tanks to Bashiqa, Russia told the Security Council on Tuesday that Ankara is acting "recklessly and inexplicably." Of course Moscow has a powerful friend among the five permanent members and on Wednesday, Beijing weighed in on the Turkish troop issue for the first time.
Amid Commodity Collapse, World's Most Resource-Driven Economy Posts Greatest Jobs Gain In 15 Years
Submitted by Tyler Durden on 12/09/2015 - 20:18 When Australia released its October jobs data a month ago (printing an astonishing 58k increase - almost 6 times expectations of a 10k increase), the media threw up all over the farce of the best jobs gain in 3 years (amid commodity price collapses, mining industry bankruptcy fears, and China trade implosions) saying simply "don't believe the jobs figure for October." So we cannot wait to see what the men from downunder make of November's print. With expectations of a 10k drop, Australia added a mind-numbing 71,400 jobs - the most in 15 years!! This is equivalent to the US adding almost 1.75 million jobs in 2 months... They just don't care anymore!
"We Are Living Amid An Islamic Threat", French Mayor Says: "Our Country Is At War Inside Our Borders"
"We are living amid an Islamic threat and we should be aware of the consequences. Our country, as well as other European countries, is at war – both outside our borders, in Syria for instance, and inside our borders, because our enemies live in our own country”
Economic Growth: How It Works, How It Fails, & Why Wealth Disparity Occurs
Economists have put together models of how an economy works, but these models were developed years ago, when the world economy was far from limits. These models may have been reasonably adequate when they were developed, but there is increasing evidence that they don’t work in an economy that is reaching limits.
Mark Zuckerberg Storms Into The Trump 'Muslim Ban' Scandal, Tells Muslims "You Are Always Welcome Here"
"I want to add my voice in support of Muslims in our community and around the world... If you're a Muslim in this community, as the leader of Facebook I want you to know that you are always welcome here and that we will fight to protect your rights and create a peaceful and safe environment for you."filed under (unt
How Hillary Clinton Abused Her State Department Role To Help Her Hedge Funder Son-In-Law
According to the latest set of emails released by the State Department, and first reported by the Daily Caller, Hillary intervened in a request forwarded by her son-in-law, Marc Mezvisnky, on behalf of a deep-sea mining firm, Neptune Minerals, to meet with her or other State Department officials.
The Screaming Fundamentals For Owning Gold
Gold is one of the few investments that every investor should have in their portfolio. We are now at the dangerous end-game period of a very bold but very reckless & disappointing experiment with the world's fiat (unbacked) currencies. If this experiment fails -- and we observe it's in the process of failing -- gold will provide one of the best forms of wealth insurance. But like all insurance products, it only works if you buy it before you need to rely on it.
Australian Police Storm Home Of Outed Bitcoin "Founder"
On Tuesday, Wired and Gizmodo revealed the identity of the man they say is Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Hours later, Australian authorities stormed his home and businesses in what was descrbed to reporters only as "an operation." According to the reports released yesterday, "Cold fish Craig" - as the man is known in the Austrailian suburb where he resides with his wife - may be in for a protracted standoff with the country's tax authorities.Carnage In Currency-Land - Dollar Dump Sparks Stock Slump
The "American Dream" Is Over... And Voters Know It
If the American Dream depends on skyrocketing debt built on a weakening foundation of stagnant productivity and income, then it is indeed over. Voters sense this fragile, debt-dependent economy is one repricing away from implosion, and they're uneasy for good reason. Voters are rightly angry that the official statistics mask or manipulate this reality, for if we can't face reality then we have zero hope of solving any problems.
Credit Card Data Reveals First Core Retail Sales Decline Since The Recession
According to Bank of America's credit and debit card spending data, core retail sales (those excluding autos which are mostly non-revolving credit funded) just dropped by 0.2% in November, the first annual decline since the financial crisis!
Something Did Blow Up In Junk
Submitted by Tyler Durden on 12/09/2015 - 15:45 The huge spike in the BofAML High Yield CCC’s that we noted last week is proving to be a real event, real trading and possibly a wholesale reset of the whole funding and liquidity environment. This is far, far more serious than just oil trading below $40 once more.. and brings the death of "transitory."
If You Like Your Home "Protected", You Can Keep It Protected...
Do you feel "safe" now?
Corporate Loan Charge-Offs And Delinquencies Surge
More signs that the economy is actually not all that well. It may yet recover on its own (believe it or not, but from a historical perspective the data in their totality are not yet decisive), but we think this is a very low probability scenario at this stage. There is likely already way too much malinvested capital in need of a significant purge.
Almost 70% Of US Stocks Are Below Their 200-Day Moving-Average
We know, we know... "pent-up demand" and "buy the dip!"
America's Road To Serfdom: 51% Of Renters Are Over-40 Years Old
Submitted by Tyler Durden on 12/09/2015 - 14:45 While popular perception holds that debt-ridden, broke millennials are the ones driving the rental market, the truth is far more nuanced... and depressing for those who still cling breathlessly to The American Dream. The truth is millions of Americans were reduced to neo-feudal serfs by the financial crisis, and how those who ruined the economy profited handsomely from the process.
"The Default Cycle Is Now Unavoidable": How The 'Junk' Cancer Spread To The Entire High Yield Space
"... a default cycle in commodity-related areas at this point is unavoidable, and the only real question here is whether it stays contained to those areas or extends itself to other sectors."
Paranoia is rampant among Republicans on the House Financial Services
Committee and was on display throughout its hearing yesterday.
Unfortunately for the nation, much of that paranoia is well founded.Just take a look at the photo above. The panel of witnesses that testified yesterday represent just eight of the ten voting members of the Financial Stability Oversight Council (FSOC; which is pronounced F-Sock), another layer of oversight imposed by the Dodd-Frank financial reform legislation of 2010 to monitor an ever sprawling octopus of a financial system that looks to most Americans as if it is still out of control, seven long years after the greatest financial collapse since the Great Depression.
Read More…
by Jay Syrmopoulos, Activist Post:
The flight data recorder of the Su-24 bomber shot down by Turkey will
prove the Russian jet was in Syrian airspace, not Turkish, when the
attack took place, Russian President Vladimir Putin said on Tuesday.
Putin was presented with the airplane’s black box, which was recovered by Syrian and Russian special-forces, by Russian Defense Minister Sergei Shoigu on Tuesday.
According to a report in the Moscow Times:
The flight data recorder of the Su-24 bomber shot down by Turkey will
prove the Russian jet was in Syrian airspace, not Turkish, when the
attack took place, Russian President Vladimir Putin said on Tuesday.Putin was presented with the airplane’s black box, which was recovered by Syrian and Russian special-forces, by Russian Defense Minister Sergei Shoigu on Tuesday.
According to a report in the Moscow Times:
Russian President Vladimir Putin invited British experts to examine the black box from the Su-24 bomber downed by Turkey last month, the Kremlin’s official website reported Wednesday.
Read More
by Kit Daniels, Infowars:
German Chancellor Angela Merkel narrowly beat ISIS leader Abu Bakr
al-Baghdadi and Caitlyn Jenner to win Time Magazine’s ‘Person of the
Year.’
Time released its shortlist of the final contenders, and surprisingly al-Baghdadi and Jenner made the list, especially considering that the latter never actually went through a complete sex change.
The magazine, which has strong ties to the State Dept., said al-Baghdadi was included on the list because he “inspired followers to both fight in his self-declared caliphate of Iraq and Syria, and also stage attacks in countries like Tunisia and France,” but Time, of course, left out the tremendous support ISIS receives from NATO nations.
In fact, ISIS militants used an American-made M83 guided missile to destroy a Russian helicopter in Syria last month.
Read More…
German Chancellor Angela Merkel narrowly beat ISIS leader Abu Bakr
al-Baghdadi and Caitlyn Jenner to win Time Magazine’s ‘Person of the
Year.’
Time released its shortlist of the final contenders, and surprisingly al-Baghdadi and Jenner made the list, especially considering that the latter never actually went through a complete sex change.
The magazine, which has strong ties to the State Dept., said al-Baghdadi was included on the list because he “inspired followers to both fight in his self-declared caliphate of Iraq and Syria, and also stage attacks in countries like Tunisia and France,” but Time, of course, left out the tremendous support ISIS receives from NATO nations.
In fact, ISIS militants used an American-made M83 guided missile to destroy a Russian helicopter in Syria last month.
Read More…
Saying the ‘Monsanto Chief is horrible’
by Julie Fidler, Natural Society:
Actor Mark Ruffalo got the chance to do something that many of us could
only dream of doing when he told off the CEO of Monsanto, Hugh Grant, in the Green Room at CBS while Ruffalo was waiting to do a segment about his new movie, “Spotlight.”
Ruffalo writes at EcoWatch.com that it was an uncomfortable move for him, but a necessary one, as “we must call out the people who are doing horrible things when they do them.”
Read More
by Julie Fidler, Natural Society:
Actor Mark Ruffalo got the chance to do something that many of us could
only dream of doing when he told off the CEO of Monsanto, Hugh Grant, in the Green Room at CBS while Ruffalo was waiting to do a segment about his new movie, “Spotlight.”Ruffalo writes at EcoWatch.com that it was an uncomfortable move for him, but a necessary one, as “we must call out the people who are doing horrible things when they do them.”
Read More
by Dave Kranzler, Investment Research Dynamics:
The Goldman Sachs ICSC chain store sales plunged 6.3% for the week ending December 5 (measured through Saturday each week). The index measures same-store sales for retail chains. A small decline is expected, as this is the week that follows Black Friday week. But I pulled up the data from last year and the same metric declined only 1.8%. And, in 2013 chain store comp sales actually rose 1.5% for the week following Black Friday week.
The economy is collapsing. This is evident from the ongoing crash in commodities, especially the price of oil and natural gas. The consumer is tapped out. There’s a law of economics called the Law of Diminishing Returns. It says that if one input in the production of a commodity is increased while all other inputs are held fixed, a point will eventually be reached at which additions of the input yield progressively smaller, or diminishing, increases in output.
Read More
The Goldman Sachs ICSC chain store sales plunged 6.3% for the week ending December 5 (measured through Saturday each week). The index measures same-store sales for retail chains. A small decline is expected, as this is the week that follows Black Friday week. But I pulled up the data from last year and the same metric declined only 1.8%. And, in 2013 chain store comp sales actually rose 1.5% for the week following Black Friday week.
The economy is collapsing. This is evident from the ongoing crash in commodities, especially the price of oil and natural gas. The consumer is tapped out. There’s a law of economics called the Law of Diminishing Returns. It says that if one input in the production of a commodity is increased while all other inputs are held fixed, a point will eventually be reached at which additions of the input yield progressively smaller, or diminishing, increases in output.
Read More
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