Submitted by Tyler Durden on 01/10/2016 - 10:59
Germany is rapidly descending into chaos on the heels of a wave of attacks allegedly perpetrated by refugees in Cologne on New Year's Eve. A PEGIDA protest had to be broken up by water cannon-wielding riot police on Saturday and in an eerie twist of fate, the seven decade ban on publication of "Mein Kampf" expired this month.
"They Want To Occupy Poland Again" - Merkel, European Union Compared To Nazis In Latest Diplomatic SpatSubmitted by Tyler Durden on 01/10/2016 - 10:05 "I am not in the habit of replying to silly comments on Poland made by foreign politicians. Such words, said by a German politician, cause the worst of connotations among Poles. Also in me. I'm a grandson of a Polish officer, who during World War II fought in the underground National Army with 'German supervision.' I came to a sad conclusion that it is easier for you to talk about fictitious threats to media freedom in other countries than to condemn censorship in your homeland." - Polish justice minister Zibgniew Ziobro
Submitted by Tyler Durden on 01/10/2016 - 09:13 On Sunday, Washington responded to Kim Jong-Un's nuclear sabre rattling by flying a B-52 over South Korea in a show of force that's sure to infuriate Pyongyang. Next up: Ash Carter may be set to send in an aircraft carrier.
Submitted by Tyler Durden on 01/09/2016 - 23:48
Submitted by Tyler Durden on 01/09/2016 - 23:15 Did we just cross "the tipping point" for faith in the American dream?
Submitted by Tyler Durden on 01/09/2016 - 22:45 "Growth" meet "mal-investment boom-bust" In a perfect example of the smoke-and-mirror-ness of China's credit-fueled expansion, a 27-storey high-rise building which was completed on November 15th 2015 was just demolished, "having been left unused for too long."
Submitted by Tyler Durden on 01/09/2016 - 22:30 In what may well be the most epic 28-seconds of footage ever recorded, a fedora-donning Kim Jong-Un watches from a ship as a North Korean sub launches a missile.
Submitted by Tyler Durden on 01/09/2016 - 22:00 Government owned and subsidized lands in the American West have been a source of conflict among competing interest groups since the 19th century. Since the very beginning of white settlement, lands have been used by the federal government as part of a political scheme to subsidize and reward certain groups while punishing others. The current standoff between ranchers and federal officials in Oregon is simply the latest chapter in a long contentious and sometimes bloody history of groups competing for control over government-owned lands in the West, and by ensuring that lands continue to be allocated by political means rather than through the market, government ownership of lands simply perpetuates conflict in the region.
Submitted by Tyler Durden on 01/09/2016 - 21:15 While gold is undoubtedly one of the most traded substances on earth, it also happens to be one of the most valuable substances by weight. Although prices fluctuate, one gram of gold will cost you on average around $35. This got us thinking about how much other primarily naturally occurring substances out there cost.
Submitted by Tyler Durden on 01/09/2016 - 20:30 Perhaps weak manufacturing, construction, and trade data are mere outliers. Maybe the Fed can see beyond the fog to clearly capture the big picture. Or maybe the Fed has lost its marbles. Their outlook doesn’t jive with that of the regular working stiff.
Submitted by Tyler Durden on 01/09/2016 - 19:42 "The increasingly frequent departures from Constitutional principles are destroying the Rule of Law foundation on which this country was built... The cure to these problems will not come from Washington D.C. Instead, the states must lead the way. The irony for our generation is that the threat to our Republic doesn’t come just from foreign enemies, it comes, in part, from our very own leaders."
- Texas governor Greg Abbott
Submitted by Tyler Durden on 01/09/2016 - 18:15 An unseen bubble at the heart of the financial system is deflating with unknown consequences. When bubbles deflate, and here we are talking about one in the hundreds of trillions, bad debts are usually exposed. Even though much of the reduction in outstanding OTC derivatives is due to consolidation of positions following the Frank Dodd Act, much of it is not. When free markets reassert themselves, and they always do, the disruption promises to be substantial. We appear to be in the early stages of this event. If so, demand for physical gold can be expected to escalate rapidly as a financial crisis unfolds.
Submitted by Tyler Durden on 01/09/2016 - 17:45 Late last month, amid heightened tensions between Washington and Tehran, Iran conducted a live-fire exercise in the Strait of Hormuz in close proximity to the USS Harry Truman, one of Ash Carter’s fleet of aircraft carriers. On Saturday, the US released a video of the incident.
Submitted by Tyler Durden on 01/09/2016 - 17:15 "After suffering the worst start to a new year in history, the U.S. stock market has entered correction territory which is defined by a drop of 10% from its old high. The following "hateful eight" charts pretty much speak for themselves... This doesn't bode well for U.S. stocks which are now in the riskiest position since the bull market started seven years ago."
Submitted by Tyler Durden on 01/09/2016 - 15:45 Here’s a newsflash that CNBC didn’t mention. According to the BLS, the US economy generated a miniscule 11,000 jobs in the month of December.
Let us start with an historical fact. Treason and betrayal by the highest levels is a common feature of history, whether it is Judas vs Jesus, Brutus vs Julius Caesar, Benedict Arnold, the Rosenbergs, Jonathan Pollard, Aldrich Ames, Robert Hanssen. It is just a fact of life. It does happen.
Back in 1996, when Bill Clinton was running for re-election, he authorized the transfer of highly sensitive technology to China. This technology had military applications and allowed China to close the gap in missile performance with the United States. The transfers were opposed and severely criticized by the Defense Department.
A New York Police Department sergeant has just been charged in the death of Eric Garner, but when you here the details, you might be shocked.
The sergeant has been stripped of her gun and badge. She now faces internal charges in the July 2014 death of Eric Garner, but still no criminal charges.
This marks the first official accusation of wrongdoing to date in the case that captured the attention of the nation, and the world. Along with killings like that of Mike Brown in Ferguson, Missouri, the death of Eric Garner shined a spotlight on the issue of police brutality.
“Weaknesses in energy and manufacturing, as well as world economic softening, had a negative impact on both carload and intermodal traffic in 2015.” Those were the encouraging words of John T. Gray, Senior VP of Policy and Economics at the Association of American Railroads (AAR).
Transportation is a measure of how well the real economy is clicking. Alas rail traffic is getting clobbered.
The deterioration in the second half of 2015 dragged the whole year down from 2014: carloads fell 6.1%, according to the AAR, while intermodal containers and trailers edged up 1.6%, for a total decline of 2.5%. But the deterioration late in the year was a doozie.
I’m sorry for being a little slow to get to this item, but it’s certainly a subject which requires being addressed. Observe the following chain of events:
1) The Corrupt West CREATES millions of Muslim refugees, and a(nother) “humanitarian crisis” both directly and indirectly. The indirect contribution comes in the form of all the dirty-deeds which have been performed by their ISIS employees, and the direct contribution to this refugee crisis comes in their attacks on SYRIA.
2) Western governments (primarily in Europe) reluctantly let in many of these refugees, while whining vociferously about a problem they created.
When Taya Kyle, widow of “American Sniper” Chris Kyle, asked President Barack Obama at a town hall meeting on gun control in Fairfax, Va., Thursday, why he doesn’t celebrate the fact that the overall murder rate is at an all-time low, the president admitted that violent crime has been dropping “steadily” for a long time.
“The fact of the matter is, is that violent crime has been steadily declining across America for a pretty long time, and you wouldn’t always know it by watching television, but overall, most cities are much safer than they were 10 years ago or 20 years ago,” the president said during CNN’s town hall event at George Mason University.