Friday, January 22, 2016

This Is What The Death Of A Nation Looks Like: Venezuela Prepares For 720% Hyperinflation

For citizens of Nicholas Maduro's socialist paradise the news is terrible, and getting worse with every passing day.

Central Banks Have "Over-Promised" What Can Actually Be Delivered

Markets need to retreat from dependency on central bank stimulus which they falsely believe provides the magical elixir that fixes all economic and financial market woes.

The Dow Could Fall Another 5000 Points (And Still Not Be "Cheap")

Stocks are certainly much cheaper than they were a few weeks ago after the worst start to a new year in Wall Street history...But cheaper doesn’t necessarily mean cheap.

Are You A Sexually Frustrated Rapefugee In Germany? This Cartoon's For You

"Worst Start To Year Since 2008" But Stocks Bounce On Crude Squeeze, Central Bank Hopes

Weekend Reading: The Bear Awakens

“Better to preserve capital on the downside rather than outperform on the upside”

"China 2016 Is US 2008" Felix Zulauf Warns "The Outcome Of A Major Yuan Devaluation Would Be Disastrous"

"China is to the current cycle what the US housing market was for the Global Financial Crisis in 2008. It will take years to correct the excesses that were built up in China... the consequences of a weaker yuan would be disastrous...If China devalues, all the other countries in the region will follow suit which will lead to a global deflationary shock. There is a real chance of a bigger correction than many investors realize..."

A New Record: Goldman Stopped Out On 3 Of Its 6 "Top Trades For 2016" Just 3 Weeks Into The Year

Just three weeks into the new year, we followed up to see how Goldman's "Top 6 Trades For 2016" are doing and to our amazement we find that Goldman is about to set a new record: just 21 days into 2016 and Goldman has already been stopped out with a loss on 3, or half, of its 6 trades for 2016!

The Islamization Of France In 2015

The Muslim population of France reached 6.5 million in 2015, or around 10% of the overall population of 66 million. In real terms, France has the largest Muslim population in the European Union, just above Germany... "Those who denounce the illegal behavior of fundamentalists are more likely to be sued than the fundamentalists who behave illegally."

What Happens Next?

Trade accordingly...

How To Trade This Market: What The Charts Say

"...this is the real world where 'trend followers' do battle with 'mean reverters'... US (and global) equities may be finally responding to tactical oversolds with what we believe is a sell strength relief rally..."

Attention Finally Turns To Saudi Arabia's "Secret" US Treasury Holdings

If you were wondering how much US debt Saudi Arabia holds, you're out of luck because as it turns out, that's a state secret protected by a decades old "unusual Treasury blackout." “It’s mind-boggling they haven’t undone it. The Treasury didn’t want to offend OPEC [but] it’s hard to justify this special treatment at this point.”

Bank (Un)earnings: Why FICC Is Shrinking And Will Continue To

We are told bank earnings and revenue are under pressure from a slew of “tough markets” but what makes those markets so untenable in the first place?

Moody's Just Put Over Half A Trillion Dollars In Energy Debt On Downgrade Review

Moody's took the global energy sector to the woodshed, placing 175 global oil, gas and mining companies and groups on review for a downgrade due to a prolonged rout in global commodities prices that it says could remain depressed indefinitely. Here are the 69 US, 19 Canadian and 13 European companies (the full list of all global companies can be found here) that just Moody's black list, a grand total of 101 companies which now face a downgrade threat on just about $540 billion in total debt.

Maduro "Wake Up" Call For OPEC As Venezuela Crude Crashes To 13 Year Lows

Venezuela's crude oil basket price collapsed to as low as $20.20 yesterday, according to the socialist utopia's President Maduro. Having already "passed the point of no return," Maduro rages that OPEC producers appear to be "finally waking up" to what they have unleashed noting that, according to him, Russia's Putin has agreed to "work on oil price issues."

Crude Unmoved As Rig Count Extends Decline To New 6 Year Lows

With crude soaring despite DOE showing inventories surging, production up fgor the 7th week in a row, and demand plummeting, Baker Hughes oil rig count dropped 5 more to 510 this week - the lowest since April 2010 (after a de minimus 1 rig drop last week). Crude had ripped higher into this print but was thoroughly unimpressed in its unchangedness. The lagged crude price suggests rig count declines are about to accelerate...

Governor Knew About Flint Water Poisoning for Nearly A Year, Tried To Shift Blame

“Somebody needs to go to jail for this, man.” Redacted emails released Wednesday by Michigan Gov. Rick Snyder show that his administration was informed of problems with Flint’s water almost a year ago, many months before the embattled governor or his staff begrudgingly admitted to bearing any responsibility for poisoning a city - or for fixing the problem. “They’re poisoning an entire community. A generation of kids will never recover from this. And it’s all just to save a few dollars. They played a game of chess with our lives and we lost.

Chasing The Wild Goose In Davos

Ultimately the efforts of the Davos elites to control the world economy are in vain, for attempting to improve the economy through force never quite works out the way the planners intend. New complexities arise to make a mockery of their efforts. The simple fact is the planners’ solutions to the problems their policies created in the first place result in even greater problems... and even greater solutions. In short, their cure is worse than the disease. Nonetheless, they’ll never give up chasing the wild goose.

Schlumberger's Terrifying Moment Of Truth About The US Energy Sector

Having laid off 10,000 employees (and boosted his share buyback program by $10 billion - because that has worked out so well in the past), it appears Schlumberger CEO Paal Kibsgaard unleashes some very uncomfortable truthiness on his audience this morning during the earnings call... "For many of our customers, available cash and annual budgets were exhausted well before the halfway point for the fourth quarter... as pricing levels for frackers has dropped into unsustainable territory."

Dramatic Footage Depicts "Heinous Massacre" Of Civilians, Rescue Workers By Saudi Warplanes

"Repeated airstrikes in villages in Saada kill an ambulance driver from an MSF hospital on his way to help"...

"Is The Bottom In?" - BofA Answers The Question Everyone Is Asking

The one question on everyone's lips, is whether aside from a "interim low", was Wednesday's flush the market's lows for the foreseeable future, and certainly for the first quarter.Bank of America responds.

The Government Will Never Let It Happen!

by Bill Holter, SGT Report:
What a tangled web the global geopolitical situation has become. Geopolitics and finance have always been interrelated but recently much more so. As many readers know, I have speculated we would be hit over the head with a “truth bomb” from the East and most likely from Mr. Putin himself. Just this week Britain has alleged Mr. Putin personally ordered a “hit” on an ex KGB agent for calling him a pedophile. Another story came out that Turkey shot down a NATO helicopter which made no press coverage at all in the West. Also, Victoria Nuland recently travelled to Russia and was refused an audience by Mr. Putin. This, after John Kerry had a meeting where he went into it saying “Assad must go” and came out saying Mr. Assad can stay … Why all of this now? I would simply say this reeks of desperation and also a VERY dangerous strategy to attack Mr. Putin personally. I say “dangerous” because it raises the likelihood of a response from him.
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White House on Flint Pollution: Obama ‘Absolutely Determined to Figure Out What Went Wrong, Generally Speaking’

by Susan Jones, CNSnews:
President Obama is “deeply engaged” in efforts to help Flint, Michigan recover from its lead-contaminated drinking water, a White House spokesman told reporters on Wednesday.
Despite residents’ complaints, the problem was ignored for more than a year by all levels of government.
“The president is absolutely determined to figure out what went wrong, generally speaking,” spokesman Eric Schultz told reporters, even as he blamed state and local officials for allowing polluted drinking water to flow into residents’ taps for more than a year.
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from Covert Geopolitics:
A leaked Russian Ministry of Defense Report indicated that the two US Navy boats captured by the Iranians some time ago were actually carrying a high-ranking ISIS commander, and the reported missile firing on USS Harry S. Truman by the Iranians was actually related to the event.
Before anything else, leaked reports such as this one is fairly common in Russia [here], whether by design or not. But, considering the ongoing covert geopolitical war which should include propaganda, this leak may have been intentional and is meant to further destroy what’s left of the reputation of the White House and the mainstream media.
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The Biggest Scandal in US History That The Mainstream Media REFUSES To Talk About

[Ed. Note: WE here at SGT Report have been talking about the looting going on at the Pentagon for quite some time, sadly the bought-and-paid-for mainstream media won’t touch it.]
from Daily Kos:

This is roughly what 8.5 Trillion dollars would look like… and those are $100 bills.    Take another look and let that sink in for a bit…   I find it absolutely astonishing that the pentagon could lose track of this much money and for there to be no MSM coverage of this scandalous amount of mismanagement and fraud.  Where is the demand for accountability?  Why is the first question to ANY candidate for president not “What would you do about the massive fraud and waste at the Pentagon?”  Where are the hearings, nay indictments, that are warranted when a sum equal to  1/2 of our national debt can be sent to the pentagon to never be accounted for.  More below.
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Capital Controls Are Coming

by Nick Giambruno, International Man:
The carnage always comes by surprise, often on an otherwise ordinary Saturday morning…
The government declares a surprise bank holiday. It shuts all the banks. It imposes capital controls to stop citizens from taking their money out of the country. Cash-sniffing dogs, which make drug-sniffing dogs look friendly, show up at airports.
At that point, the government is free to help itself to as much of the country’s wealth as it wants. It’s an all-you-can-steal buffet.
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Laws Do Not Make Us Free and Neither Do Whistleblowers

from The Daily Bell:
Cruz shifts on Edward Snowden … Republican presidential hopeful Ted Cruz … said National Security Agency leaker Edward Snowden is a “traitor” who should be “tried for treason,” shifting away from the praise he expressed for Snowden in 2013. – The Hill
Dominant Social Theme: Off with his head.
Free-Market Analysis: Politics is a truly brutal sport. Most of the time when people change their opinion of something, the ramifications are not life-threatening. But when a prominent politician does it, he can end up demanding that someone forfeit his very existence. This is the case with GOP presidential candidate Ted Cruz who last week decided to label Edward Snowden a traitor, by implication calling for Snowden to be subject to capital punishment.
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Monsanto’s Greed Continues to Threaten 59 Indigenous Corn Varieties in Mexico

by Christina Sarich, Natural Society:
As recently as October of 2015, Monsanto stated that it planned to double its sales in Mexico. The biotech giant already made around $400 million in the country in 2015. This greed to conquer the Mexican maize market has caused the company to fight resistance and GMO corn bans initiated by citizens and government, though the company continues to put 59 unique, indigenous varieties of corn at risk. [1]
The world’s largest seed producer (largely achieved through lies, deceit, and monopolizing trade agreements with bought-out governments), Monsanto still awaits a final ruling on a GMO corn ban that was overturned by a Mexican judge in September of last year. A final decision is expected to end up in Mexico’s Supreme Court.
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“Policing For Profit”: Cops Claimed Couple Had Drugs, But They Were Really Looking for Cash

by Mac Slavo, SHTFPlan:
There’s no doubt that many abuses have become entrenched in the devastating war against drugs – in which rights have been tossed aside and police have been trained to become thugs.
The most recent episode released via dashcam video proves the point.
This couple were stopped while returning from a family members’ funeral by Tennessee cops who were part of the 23rd Judicial District Drug Task Force, who badgered them to allow police to search their vehicle – despite the fact that they had done nothing to garner police attention other than having an out of state license plate.
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