Submitted by Tyler Durden on 01/29/2016 - 20:17
Two weeks ago we, in collaboration with several readers, requested an official response from the Fed through a Freedom Of Information Act submission. Surely if the Fed would go so far as to call us liars, it would have no problem either responding or providing the required information. This is what we got back.
Submitted by Tyler Durden on 01/29/2016 - 22:05 We are hearing the voices of the Mushy Moderate Middle rise up in defense of the status quo: Democrats like the Washington courtier Dana Milbank are warning us against Sanders, while the neocons to a man are railing against the Trumpist Temptation. This should be enough to tell us what is the right road to take and what our answer to the Mushy Middletarians must be: Extremism in defense of peace is no vice – and moderation in the fight against the War Party is no virtue!
Submitted by Tyler Durden on 01/29/2016 - 21:30 “I think it won’t be a planned, horrible mischievous act, I think it will be an act which is almost a mistake, or it will be an act of random terrorism that will suddenly have extraordinary implications for the Western world."
Submitted by Tyler Durden on 01/29/2016 - 16:50 "I don’t want to invest in stocks because they’re crazy and real estate is a solid, safe investment."
Submitted by Tyler Durden on 01/29/2016 - 20:55 Student Loan Debt is a cancer for our society. This misconception that getting a college education equals a steady career has been dashed by the recession. For-profit colleges pray on undereducated and low-income individuals. Text book prices have risen exponentially while the cost of a quality education has as well. This industry of education is going backwards, and will one day burst – will that happen soon?
Submitted by Tyler Durden on 01/29/2016 - 19:45 With Citi's chief economist proclaiming "only helicopter money can save the world now," and the Bank of England pre-empting paradropping money concerns, it appears that Australia's largest investment bank's forecast that money-drops were 12-18 months away was too conservative. While The Finns consider a "basic monthly income" for the entire population, Swiss residents are to vote on a countrywide referendum about a radical plan to pay every single adult a guaranteed income of around $2500 per month, with authorities insisting that people will still want to find a job.
Submitted by Tyler Durden on 01/29/2016 - 19:41 Just as we warned, and she mush have known, it appears at least 22 of the emails found on Hillary Clinton's private email server have been declared "top secret" by The FBI (but will not be releasing the contents) according to AP. The revelation comes just three days before the Iowa presidential nominating caucuses in which Clinton is a candidate. As we previously noted, the implications are tough for The DoJ - if they indict they crush their own candidate's chances of the Presidency, if they do not - someone will leak the details and the FBI will revolt...
Submitted by Tyler Durden on 01/29/2016 - 19:15 "I owe almost my entire Wall Street career to the Clintons. I am not alone; most bankers owe their careers, and their wealth, to them."
Submitted by Tyler Durden on 01/29/2016 - 18:45 "The nominal GDP of the industrialized world has grown just 4.1% since the lows of Q1’2009, one of the tiniest, deflationary expansions ever. And while asset prices are up significantly since their 2008/09 lows, the underlying message from Wall Street in recent years has been doggedly deflationary."
Submitted by Tyler Durden on 01/29/2016 - 18:15 That American Dream thing is a going up in smoke. Upward mobility has stalled, and stagnation is setting in. Skyrocketing costs and shrinking opportunity are meeting head on with full on economic disaster. The "Dude, Where’s My Stuff?" generation doesn’t have much motivation to go on for growing up and getting their life together these days.
Submitted by Tyler Durden on 01/29/2016 - 17:45 Abandon all hope for China's equity markets ye who enter here...
Submitted by Tyler Durden on 01/29/2016 - 17:15 Coincidence?
Submitted by Tyler Durden on 01/29/2016 - 17:03 "... When stocks are falling this much, it's hard to justify not acting"
"... Davos - where he mingled with central bankers such as ECB President Mario Draghi and leading company executives - likely prompted him to pull the trigger"
Submitted by Tyler Durden on 01/29/2016 - 16:25 “The real enemy of investors is not these fairly routine 10 or 20% downturns. The real enemy is the bear market that is associated with a recession or crisis, the one that knocks your equity block down by 40 or 50%. And actually it isn’t even the depth that is the real enemy. For most investors the enemy is time.”
Submitted by Tyler Durden on 01/29/2016 - 16:12 Early in the day, VIX spiked 'oddly' and instanly broke the options market - prompting the start of an epic ramp in stocks. In the last minute of the US day-session today, we have only one question as a follow up... WTF just happened here...
Submitted by Tyler Durden on 01/29/2016 - 15:55 By surprising markets with a move to a negative deposit rate, the Bank of Japan gave investors temporary reprieve, providing a much needed opportunity to pare portfolio risk at better prices. Unfortunately, the improvement in financial asset prices will be short-lived; except, of course, for long-maturity Treasuries.
Citing concerns that glyphosate has been proven to be an endocrine disruptor, along with other health and environmental issues, 67 Members of the European Parliament (MEPs) have written a letter to the European Commissioner for Health and Food Safety, Vytenis Andriukaitis, asking that glyphosate, the main ingredient in Monsanto’s Round Up weed killer, NOT be re-approved.
The letter to Andriukaitis draws attention to the scientific controversy between the European Food Safety Agency (EFSA) and the International Agency for Research on Cancer of the World Health Organization (IARC) with regard to the carcinogenicity of glyphosate. The IARC called glyphosate ‘probably carcinogenic,’ while the EFSA peer review, based on the renewal assessment report by the rapporteur Member State (BfR), concluded that glyphosate is “unlikely to pose a carcinogenic hazard to humans and the evidence does not support classification with regard to its carcinogenic potential.”
There are seven characteristics I can think of that define a sociopath, although I’m sure the list could be extended:
- Sociopaths completely lack a conscience or any capacity for real regret about hurting people. Although they pretend the opposite.
- Sociopaths put their own desires and wants on a totally different level from those of other people. Their wants are incommensurate. They truly believe their ends justify their means. Although they pretend the opposite.
- Sociopaths consider themselves superior to everyone else, because they aren’t burdened by the emotions and ethics others have – they’re above all that. They’re arrogant. Although they pretend the opposite.
When they’re trading 1.5 billion oz. of silver each day in London, the ‘silver’ fix each day is a complete sham. Now the fix has been found to be openly manipulated, it will be interesting to see what happens with the London silver market. – David Jensen, “Silver: Is It The LBMA’s Greatest Rig?”
Strange things are happening in the global financial markets. Most likely evidence of a massive systemic earthquake starting to shake. As many of you know, the LBMA price fix “fixed” the a.m. price of silver 84 cents below the front-month futures price right before the price was “fixed.” This graph to the right shows how the criminal activity went down (click to enlarge).
I awoke this morning and had an email from Bill “Midas” Murphy asking me if the $13.98 low print shown on Kitco was correct. I responded that it looked like there were some “low hanging” stop loss orders that were attacked in an attempt to get the price of silver down. This was before I had learned of the crime committed on the LBMA.
Official data reported at the National Conference on Radiation Control shows that the U.S. has been experiencing a huge spike in radiation from Fukushima. Levels are considered to be far exceeding the federal regulatory limit, with nearly 1,000 times the normal amount of alpha particles recorded, including plutonium.(1)
Data analysis of Californian air samples, taken seven weeks after Fukushima began to release radiation in 2011, shows gross alpha activity of 200 femtocuries per cubic meter, which is 790 times the normal levels experienced in the state.
Treatment of atomized individuals in a setting of atomized symptoms and treatments is by any measure the opposite of a system that encourages and enables everyone to be their own medicine.
I recently saw a slogan that encapsulated what’s wrong with the U.S. healthcare system: Be Your Own Medicine. To Be Your Own Medicine is the essence of prevention, and a way of taking full ownership of one’s health, body, mind, diet, fitness and daily habits.
Alas, being your own medicine strips the $3.5 trillion healthcare system of profit, power and control, so the last thing the healthcare cartels want is for us to be our own medicine, as that would reduce our reliance on highly profitable pharmaceuticals, tests, procedures and high-cost facilities.
The shooting of LaVoy Finicum by law enforcement agents near the Malheur National Wildlife Refuge had left scores of unanswered questions before video of the incident captured by an FBI helicopter camera was released late Thursday evening. Police claim that Finicum, who had been part of the group protesting Federal land grabs in Oregon, reached for a weapon after being confronted by agents from the Federal Bureau of Investigation.
But an eye witness report from Victoria Sharp, one of the passengers in the vehicleshown in the video below, contradicts initial law enforcement statements.