Submitted by Tyler Durden on 01/23/2016 - 18:17
"The world’s central banks can’t save us anymore." That was the message from some of the world’s most prominent investors at the World Economic Forum in Davos, Switzerland, on Friday. Each was resistant to putting on fresh positions and expected asset prices to head downward. In short, they say, the only winning move is not to play the game. “The trade now is to hold as much cash as possible,” said Nikhil Srinivasan, chief investment officer for Generali, a European insurer with $480 billion in assets. “Equity markets could go down 15% to 20%.”
Submitted by Tyler Durden on 01/23/2016 - 18:55 A new analysis of the Trans-Pacific Partnership (TPP) international trade deal has found claims of increased jobs are likely exaggerated..."TPP would lead to employment losses in all countries, with a total of 771,000 lost jobs. The United States would be the hardest hit, with a loss of 448,000 jobs."
Submitted by Tyler Durden on 01/23/2016 - 17:10 "There are so many dangers and disadvantages associated with cash, we have concluded that it should be phased out..."
Submitted by Tyler Durden on 01/23/2016 - 10:25
Submitted by Tyler Durden on 01/23/2016 - 19:28 As part of its 363 Asset Sale, the 3rd largest bankruptcy of 2015 after Samson Energy and Sabine Oil, that of Quicksilver, the estate was only able to collect $245 million in cash proceeds from BlueStone Natural Resources. With $2.35 billion in debt, Quicksilver was one of the first casualties of the energy bust when it filed on March 17, 2015. Today's news means that the recovery for its creditors is a paltry 10 cents on every dollar of total debt.
Submitted by Tyler Durden on 01/23/2016 - 17:45 "I pledge allegiance to the Flag of the United States of America, and to the Republic for which it stands, one Nation under Allah...."
Submitted by Tyler Durden on 01/23/2016 - 16:28 Courtesy of Bank of America, here is a list of the 100 top hedge funds in the US and their 100 favorite stock holdings - assuming the status quo continues, expect very substantial asset declines among these 100 when we rerun this analysis in 52 weeks time.
Submitted by Tyler Durden on 01/23/2016 - 16:35 “Those who are not willing to learn German, who do not want to be part of the labor market, who are not ready to attend an integration course, will face social benefits cuts,."
Submitted by Tyler Durden on 01/23/2016 - 16:00 The global economy has had its artificial boom and CapEx frenzy already and years of deflationary liquidation and correction lie ahead. Money printing has failed. Any effort by the central banks to double down on another $20 trillion of bond purchases would blow the world’s financial casinos sky high. Contemporary central bankers function like a team of monetary wranglers, herding the retail cattle toward the asset gathers. At the end of the day, the asset gathers will profoundly regret what they are clamoring for.
The Nazi's will be watching you...
Submitted by Tyler Durden on 01/23/2016 - 15:45
Submitted by Tyler Durden on 01/23/2016 - 15:34 Coinciding with UK's Labor leader Jeremy Corbyn's arrival at the French refugee camps, Sky News reports the port of Calais has been temporarily closed as 100s of migrants stormed on to a ship in the hope of reaching the UK. About 50 migrants are thought to have made their way on to a P&O-operated vessel called Spirit of Britain, and police are at the scene and have reportedly deployed water cannons to break up the crowds of protesters.
Submitted by Tyler Durden on 01/23/2016 - 15:15 Over the short run, markets respond to myths. Investors are ready to believe almost anything... for a while. But over the long run, there is reality. No matter how badly investors want asset prices to go up, they don’t always comply. Greenspan, Bernanke, and Yellen are, after all, only human. They respond to myths as much as anyone... maybe more.
Would you be dumb enough to vote for this douche bag?
Submitted by Tyler Durden on 01/23/2016 - 14:45 Frustrated with what he believes is a presidental race gone off the rails, Michael Bloomberg is set to make a run at the White House as an independent candidate, multiple sources say. Although commentators are divided on the effect Bloomberg's entry would have on Trump and Sanders, one thing is certain: Hillary Clinton has the most to lose.
Submitted by Tyler Durden on 01/23/2016 - 13:05 What will bring down the Chinese and Saudi pegs, along with a long list of other pegs, is, how appropriately, the very same markets they’ve been relying on to NOT function. The bets against Hong Kong’s ability to maintain its USD peg have already started, and China is next, along with the House of Saud (the latter two just take more fire-power). Which of course is exactly why they speak their soothing ‘confident’ words. Words that are today interpreted as the very sign of weakness they’re meant to circumvent.
Leonardo DiCaprio Slams Corporate Greed and Calls for the Elimination of Fossil Fuels … “We cannot afford to allow the corporate greed of the coal, oil and gas industries to determine the future of humanity.” – TIME via People
Dominant Social Theme: The same greedy corporations that pay me millions must divest themselves of their oil and gas interests. Oh, and coal, too.
Free-Market Analysis: We’ve watched Leonardo DiCaprio’s career with a kind of awe. The man has an innate sense of what constitutes an elite dominant social theme and is abundantly enthusiastic about reflecting them on the Big Screen.
The essential act of war is destruction, not necessarily of human lives, but of the products of human labour. War is a way of shattering to pieces, or pouring into the stratosphere, or sinking in the depths of the sea, materials which might otherwise be used to make the masses too comfortable, and hence, in the long run, too intelligent.
– From George Orwell’s, 1984
This morning, I came across an extremely important story with tremendous long-term negative implications for freedom in these United States. It relates to the fact that the always shady Senate Majority Leader Mitch McConnell is moving to fast track an Authorization of Military Force (AUMF) for the President that would allow for unrestricted warfare against ISIS. There would be no time or geographic restrictions on this authorization. Rather than being a favor to President Obama, this is primarily a means to ensure that whoever takes control in 2017 receives a blank check for unrestrained militarism with no expiration date. This is terrifying.
CBC News, Jan 22, 2016: Sea star wasting disease among worst wildlife die-offs say scientists; The mysterious wasting disease is still killing sea stars from Mexico to Alaska — The sea star wasting disease [is] hitting a bigger range of species over a larger area than originally thought. Scientists investigating the disease in the U.S. and Canada met in Seattle [and] agreed on the scale of the problem, said Dr. Martin Haulena, the veterinarian for the Vancouver Aquarium… “This is, if not the, certainly one of the biggest wildlife die-offs that have ever been recorded, and we’re not just talking marine die-offs.”… [It] has decimated the creatures from Alaska to Mexico… losing their limbs and turning to mush… “Recovery is not happening the way it should be, so I think it is still really bad.”… “It could be a disease that’s been in the system a long time, and something sparked an outbreak recently.”… Any die-off of this magnitude is a major concern, said [the experts]… And there are many more species… that are getting sick, said Haulena, as well as possible signs of disease in sea urchins and sea cucumbers… “to put it in context — yeah, it’s a really big deal.”
For additional background to the latest press release from DARPA posted in full below, I encourage you to read the following selection of linked articles where I discuss the scope and chronology of what is being studied. Therein, you will find that the U.S. BRAIN Initiative and its European counterpart, the Human Brain Project, are not spending multi-billions of dollars on neuroscience research simply to help people with Post Traumatic Stress Disorder and organic brain dysfunction. It is, perhaps first and foremost, a military endeavor that has wide ramifications if even 1/10th of what is being studied comes to fruition. In short, it’s more about mind control than it is about brain restoration and improvement. Please keep this in mind when you read DARPA’s emphasis on “new therapies.”
- Obama Doubles Down on BRAIN Project and Military Mind Control
- Mind Control Scientists Find New Memory Manipulation Technology
- Secret DARPA Mind Control Project Revealed: Leaked Document
- The 9 Goals of Mind Control: Interim Report
- New Mind Reading Research Aims to Synchronize Humans
- Nanoparticles Enable Remote Control Brains Via Magnetic Field: New Study
by Ambrose Evans-Pritchard, The Telegraph:
Bad debts in the Chinese banking system are four or five times higher than officially admitted and pose a mounting risk to the country’s financial stability, the world’s leading expert on debt has warned. Harvard professor Ken Rogoff said China is the last big domino to fall as the global “debt supercycle” unwinds. This is likely to expose the sheer scale of malinvestment that has built up during the country’s $26 trillion credit bubble.
As practically the entire world seems to be nearing the end of its run financially, many people are beginning to wonder how much longer America has before our own teetering house of cards finally falls. Nobody can say for sure how it will all play out, of course, but there are a number of potential scenarios that could act as trigger events to bring about a cataclysmic economic collapse here in the United States, in the very near future.
According to Jim Willie from GoldenJackass.com, the following imminent events could predicate a complete financial breakdown, unlike anything ever before seen in America:
1) Plummeting oil prices. As I’m writing this, oil prices have already dipped below $30 a barrel, which Willie suggests is a major indicator of impending financial doom.
Record breaking winter snow storms… they might be extreme, but should they really be crippling cities across the country?
The Drudge Report is splashed with warnings to “shelter in place,” while reporting that food is running out, and grocery stores shelves have been wiped out. The East Coast is on the brink.
But should they be?
Here is a live exercise reminder that the system can and will break down in an instant. The population is simply not ready for a major emergency. Hopefully you are; but they just aren’t.
Critics of today’s fiat currency/fractional reserve banking world have (for what seems like forever) made the common sense point that when debt rises faster than cash flow, bad things are bound to happen. In every cycle since 1980 this has been dismissed by the vast majority who benefit from inflating bubbles — until the bubble bursts.
And here we go again. The following chart from Stock Traders Daily shows the relationship between margin debt (money borrowed by investors against existing stock positions in order to buy more stock) and cash on hand in brokerage accounts. The idea is that when investors hold lots of cash they’re pessimistic, and when they borrow a lot they’re optimisitc. Extremes of either tend to signal changes in market direction. At the end of 2015 investors were even more excited than at the peak of the housing bubble, indicating that there’s not much retail money left to be tossed at US stocks.