A watershed moment has just occurred in food transparency. General Mills (GM), the same company that tried to impair genetically modified food-labeling by donating more than a million dollars to defeat legislation in several states, is about to label its products containing genetically modified ingredients.Along with being part of the Grocery Manufacturers Association (GMA) – Big Food’s national lobby group, GM has announced that it will label all their products if they contain genetically modified ingredients.
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by Jennifer Lea Reynolds, Natural News:
The water quality
throughout the United States leaves much to be desired; it’s in such
horrible shape that just about everywhere you turn, it’s ruining
people’s health. This isn’t about an occasional situation either, but
rather several ongoing problems that seem to have no end in sight.
The latest water issue to rear its ugly head comes from Florida’s Biscayne Bay. Water sampling of its waters revealed hundreds of times more than the normal amount of tritium, a radioactive isotope that’s produced by nearby nuclear reactors. These are used to track water that’s been leaking from nearby cooling canals. Specifically, it’s the Cooling Canal System (CCS) that serves the Florida Power & Light (FPL) Turkey Point facility that was studied.
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The water quality
throughout the United States leaves much to be desired; it’s in such
horrible shape that just about everywhere you turn, it’s ruining
people’s health. This isn’t about an occasional situation either, but
rather several ongoing problems that seem to have no end in sight.The latest water issue to rear its ugly head comes from Florida’s Biscayne Bay. Water sampling of its waters revealed hundreds of times more than the normal amount of tritium, a radioactive isotope that’s produced by nearby nuclear reactors. These are used to track water that’s been leaking from nearby cooling canals. Specifically, it’s the Cooling Canal System (CCS) that serves the Florida Power & Light (FPL) Turkey Point facility that was studied.
Read More
KKK-Dressed, Nazi-Saluting Protester Beaten Up By Black Trump Supporter At Arizona Rally
Submitted by Tyler Durden on 03/19/2016 - 22:44 Violence at a Trump rally? Hardly unexpected. However, make that violence between by a black Trump supporter who unloaded on an abusive, KKK-dressed, Hitler-saluting white protester who was being escorted out of the building, and the absurd shock value suddenly evolves to such surreal proportions one would expect a Salvador Dali portrait of Trump in the oval cabinet to emerge any day now.
by Kurt Nimmo, Infowars:
In tribute to the 995,000 people Obama has killed during his reign in
the White House, Infowars has decided to award him with another Nobel
Peace Prize to compliment the first prize he won under the false
pretense of his “extraordinary efforts to strengthen international
diplomacy and cooperation between people.”
Obama was elevated to the “peace” pantheon in 2009 along with four other unworthy US heads of state—Theodore Roosevelt, Woodrow Wilson and Jimmy Carter.
Roosevelt is known for his murderous escapade as the “rough rider” of San Juan Hill during the US invasion of Cuba in the Spanish-American War. He later formulated the Roosevelt Corollary to the Monroe Doctrine declaring the United States has the right to rule over Latin America—and anywhere it sees fit—with an iron fist.
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In tribute to the 995,000 people Obama has killed during his reign in
the White House, Infowars has decided to award him with another Nobel
Peace Prize to compliment the first prize he won under the false
pretense of his “extraordinary efforts to strengthen international
diplomacy and cooperation between people.”Obama was elevated to the “peace” pantheon in 2009 along with four other unworthy US heads of state—Theodore Roosevelt, Woodrow Wilson and Jimmy Carter.
Roosevelt is known for his murderous escapade as the “rough rider” of San Juan Hill during the US invasion of Cuba in the Spanish-American War. He later formulated the Roosevelt Corollary to the Monroe Doctrine declaring the United States has the right to rule over Latin America—and anywhere it sees fit—with an iron fist.
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In
his weekly address released today, President Barack Obama said that
Supreme Court Justices are supposed to apply “the principles written
into our founding documents.”“The men and women who sit on the Supreme Court safeguard our rights,” Obama said. “They ensure that ours is a system of laws, not of men. And they’re given the essential task of applying the principles written into our founding documents to the most challenging questions of today.
“So this is a duty I take very seriously,” Obama said. “It requires me to set aside short-term politics in order to maintain faith with our founders.”
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by Doug Kass, Telegraph:
The European Central Bank is prepared to slash interest rates deeper into negative territory if the economic outlook deteriorates, according to its chief economist.
Peter Praet insisted that the central bank had not run out of ammunition as he left the door open to pumping cash directly into the real economy through so-called “helicopter drops”.
“If new negative shocks should worsen the outlook, or if financing conditions should not adjust in the direction and to the extent that is necessary to boost the economy and inflation, a rate reduction remains in our armoury,” he told Italian newspaper La Repubblica.
Read More…
The European Central Bank is prepared to slash interest rates deeper into negative territory if the economic outlook deteriorates, according to its chief economist.
Peter Praet insisted that the central bank had not run out of ammunition as he left the door open to pumping cash directly into the real economy through so-called “helicopter drops”.
“If new negative shocks should worsen the outlook, or if financing conditions should not adjust in the direction and to the extent that is necessary to boost the economy and inflation, a rate reduction remains in our armoury,” he told Italian newspaper La Repubblica.
Read More…
by Doug Kass, Contra Corner:
“Can I get an amen?“ — Reverend LeRoy, The Church of What’s Happening Now, The Flip Wilson Show
As I’ve previously noted, I believe a broadening and important market top is in place, and that a relatively meaningful portion of stocks’ daily moves are exaggerated by gamma hedging, risk parity and other quant strategies.
If I’m correct, buying on strength in an attempt to sell on more strength isn’t advisable — and it’s certainly not the route that I’m taking in today’s market. Let’s look at why:
Read More…
“Can I get an amen?“ — Reverend LeRoy, The Church of What’s Happening Now, The Flip Wilson Show
As I’ve previously noted, I believe a broadening and important market top is in place, and that a relatively meaningful portion of stocks’ daily moves are exaggerated by gamma hedging, risk parity and other quant strategies.
If I’m correct, buying on strength in an attempt to sell on more strength isn’t advisable — and it’s certainly not the route that I’m taking in today’s market. Let’s look at why:
Read More…
by Adan Salazar, InfoWars:
A pair of Libertarian ideologues have established an organization attempting to rally support behind Republican presidential frontrunner Donald Trump.
The “Libertarians for Trump” group, created earlier this week by LewRockwell.com editors Dr. Donald Miller and economics professor Walter E. Block, admits “it has its work cut out for it in mobilizing massive support for Donald Trump within the libertarian community.”
This is because, Block writes, “there are some libertarians who oppose supporting any politician for political office, even a 99% pure one such as Dr. Ron Paul.”
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A pair of Libertarian ideologues have established an organization attempting to rally support behind Republican presidential frontrunner Donald Trump.
The “Libertarians for Trump” group, created earlier this week by LewRockwell.com editors Dr. Donald Miller and economics professor Walter E. Block, admits “it has its work cut out for it in mobilizing massive support for Donald Trump within the libertarian community.”
This is because, Block writes, “there are some libertarians who oppose supporting any politician for political office, even a 99% pure one such as Dr. Ron Paul.”
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by Adam Hamilton, GoldSeek:
Gold stocks have radically outperformed every other sector in the stock markets this year, blasting higher as investors flock back to gold. This powerful surge is spawning worries that gold stocks’ new bull run is in danger of exhausting itself. But such fears are totally unfounded. A longer-term perspective reveals that gold stocks’ baby bull market in 2016 remains tiny in the grand scheme. This new bull has barely begun.
Successfully buying low and selling high to multiply wealth in the markets demands traders overcome their own innate greed and fear. These ever-present emotions are constantly warring in traders’ minds, impairing their judgment. One consequence of heeding these dangerous emotions is the tyranny of the present. Traders naturally tend to overweight the present and forget the past, which leads to poor decisions.
Read More
Gold stocks have radically outperformed every other sector in the stock markets this year, blasting higher as investors flock back to gold. This powerful surge is spawning worries that gold stocks’ new bull run is in danger of exhausting itself. But such fears are totally unfounded. A longer-term perspective reveals that gold stocks’ baby bull market in 2016 remains tiny in the grand scheme. This new bull has barely begun.
Successfully buying low and selling high to multiply wealth in the markets demands traders overcome their own innate greed and fear. These ever-present emotions are constantly warring in traders’ minds, impairing their judgment. One consequence of heeding these dangerous emotions is the tyranny of the present. Traders naturally tend to overweight the present and forget the past, which leads to poor decisions.
Read More
Mr. Williams shares the following with us. Do you think Chair Yellen might have gotten the message?
- Previously up by 0.2%, January Retail Sales Fell by a Revised 0.4% (-0.4%); February Sales Fell by 0.1% (-0.1%), with a Quarterly Sales Drop Unfolding
-Seasonal-Adjustment Inconsistencies Bloated Headline February Sales by 0.5%; Consistent Reporting Would Have Seen a Headline Decline of 0.6% (-0.6%)
- February 2016 PPI Goods Inflation Fell by 0.56% (-0.56%), PPI Services Profit Margins Were Unchanged at 0.00%, with Final-Demand PPI Inflation Down by 0.18% (-0.18%)
“No. 792: Retail Sales and Producer Price Index”
Web-page: http://www.shadowstats.com
Jim Sinclair’s Commentary
All those false dreams will be replaced with the reality of debt and credit out of control. The explosion, when it occurs, will make the Big Bang look like child’s play.
Rich countries have a $78 trillion pension problemBy Katy Barnat oMarch 16, 2016 9:03 AM
Dreams of lengthy cruises and beach life may be just that, with 20 of the world’s biggest countries facing a pension shortfall worth $78 trillion, Citi said in a report sent on Wednesday.
“Social security systems, national pension plans, private sector pensions, and individual retirement accounts are unfunded or underfunded across the globe,” pensions and insurance analysts at the bank said in the report.
“Government services, corporate profits, or retirement benefits themselves will have to be reduced to make any part of the system work. This poses an enormous challenge to employers, employees, and policymakers all over the world.”
The total value of unfunded or underfunded government pension liabilities for 20 countries belonging to the Organisation for Economic Co-operation and Development (OECD) — a group of largely wealthy countries — is $78 trillion, Citi said. (The countries studied include the U.K., France and Germany, plus several others in western and central Europe, the U.S., Japan, Canada, and Australia.)
The bank added that corporates also failed to consistently meet their pension obligations, with most U.S. and U.K. corporate pensions plans underfunded.
Countries with large public pension systems in Europe appear to have the greatest problem. Citi noted that Germany, France, Italy, the U.K., Portugal and Spain had estimated public sector pension liabilities that topped 300 percent of gross domestic product.
Improvements in health care mean retirees need to string out their income for longer. Meanwhile, the increase in the retirement-age population versus the working population is straining government pension schemes.
More…
As a rule I try not to comment all that much on politics because it is such a polarizing topic. No matter what I could say one way or the other, “politics” will turn some normally placid folks into rabid trolls. That said, what we are witnessing now has never happened before in our lifetimes and is not even about the candidates …it is about the survival of our Republic!
Immediately after turning on the business news this morning, I heard an interview of a Republican National Committee member talking about “rules”. I did not catch who it was but the essence of the interview was it did not matter who had the most votes or delegates …the Republican committee would choose “their candidate” if no one had the majority leading into the convention. He was questioned with “so the will of the people doesn’t matter”? To which he answered and I will paraphrase in my own words as I understood, “it doesn’t matter who the people vote for and we will even overturn a majority if we see fit, the Republican party will choose their candidate for the good of the Republican party”. As an aside, John (buddy can you spare a Kleenex) Boehner “endorsed” Paul Ryan for presidential nominee. (Not sure I would have voted for him but I don’t recall his name on the ballot)? Upon further searching, the interview can be found here Voters don’t pick nominee, we do: GOP official. All I can say is “in your face, we make the rules, you don’t even matter”!
Please understand this fully, the tricks, sleight of hand and outright lying as to our country’s condition are not working anymore. The primary voting on both sides show an electorate where a large percentage of the country has woken up in anger. It doesn’t matter if the average guy does not know exactly “what” is wrong, he/she knows it is something! Reality is so bad the “machine” can no longer hide it and the boiling point is being reached. The election looks to me as if it is going to be a referendum of the average guy versus the establishment. The danger of course is if enough “average guys” have their votes ignored they will rail against the machine. The way I see it, the upcoming election will be about the establishment retaining the control and ability to continue bilking the system or the populous rising up and taking power back.
You might ask “what does this have to do with finance or economics”? In no particular order, it has EVERYTHING to do with economics and finance! Whatever happens will certainly affect the dollar (the currency of any nation is the equivalent of its common stock). Future policy will affect the dollar as well as how foreigners view what happens. Interest rates, stocks, real estate, everything imaginable will be affected. It does need to be said that no matter who wins or loses, the system is already toast and only “timing” may be altered. Most importantly I believe the only difference between who wins and who loses will dictate how quickly or severe the elimination of our civil rights and liberties will be.
In my opinion we are actually watching a circus that no fiction writer could have dreamed up. On one side we have a socialist/communist running against an apparent felon. On the other side we have a populist who says whatever he cares to as long as it’s something the people are thinking, running against a hardened conservative that no one in establishment Washington likes. The odds favor a Clinton/Trump matchup. I would ask a couple of questions. What will the response be if Hillary Clinton is indicted? A really far out question would be what if she is somehow pardoned and allowed to run? On the other side, what will happen if the nomination is taken away from Mr. Trump? Or better yet, what if it is taken away from both Trump and Cruz and instead given to a “preferred” candidate? The most comical thing I can think of right now is future debates between Hillary and The Donald!
Before finishing it needs to be said the old adage “it doesn’t matter who you vote for, it only matters who counts the votes” is probably quite true now more than ever before. Because of the financial backdrop I wonder whether or not we will even have an election? If the financial system were to come down prior to the election (which I believe is likely), would we have an election under martial law conditions? Financially our fate is carved in stone in my opinion, how we navigate, survive or perish with or without civil liberties is in question.
As I said at the beginning, I hesitate to write on this topic because my e-mail inbox explodes with hatred. As an admission, my candidate of choice was Ben Carson. Was he most qualified? No. Was he establishment or even a politician? No. Did he have ANY experience in government? No. In my opinion, Ben Carson is an American with his country’s best interest ahead of his own or anyone else’s. He believes in God and in Christian values, whether real or not, the world would be a pretty cool place if everyone got along and acted as Christ did according to the Bible. Mr. Carson was my choice because as I see it, our “inalienable” (or God given) rights have been frittered away and we are on the cusp of losing them altogether. Maybe I am mistaken but I view him as a man of respect for everyone and their individual rights, not someone who wants control through handouts I can only pray that we as a nation can find our way back in time when neighbor helped neighbor, and self reliance and accountability for one’s actions not only meant something but was expected. No matter the outcome, this next election will be historical!
Standing watch,
Bill Holter
Holter-Sinclair collaboration
“Lucid” comments welcome! bholter@hotmail.com
Bill Holter’s Commentary
Maybe the real question is whether they will be an independent entity “this year”?
Deutsche Bank Tumbles After CEO Says Bank Won’t Be Profitable This YearSubmitted by Tyler Durden on 03/16/2016 08:12 -0400
Back in January, Deutsche Bank reported what were variously described as “horrible,” “grim” results.
The net loss for 2015 came in at roughly $7 billion, the first annual loss since the crisis. The abysmal year was capped off by €2.1 billion of red ink in Q4 of which some €1.2 billion was attributable to litigation.
The Q4 breakdown – which came a few days after CEO John Cryan initially reported how bad 2015 truly was – was a nightmare. Revenues plunged 30% in corporate banking and securities where provisions for credit losses jumped from just $9 million in Q4 2014 to $115 million. Citi questioned whether the bank’s investment bank model is in “structural decline.”
“We think that the bank is in for another difficult year in that guidance is that ‘2016 peak restructuring year’,” BofA said, adding that “it looks like revenues are under a lot of pressure, yet adjusted costs are guided to be flat with another €1bn of restructuring costs.”
Citi sees an additional €3.6 billion in litigation for 2016.
Cryan – who took the reins from Anshu Jain and Jürgen Fitschen (who is still hanging around) last summer – has cut thousands upon thousands of jobs as part of a desperate attempt to restructure the German behemoth which some say is in very real trouble.
Underscoring that assessment are comments out today from Cryan who spoke at a conference in London.
More…
Bill Holter’s Commentary
Surely China and Russia would not gang up on the U.S.?
China, Russia Planning Space Attacks on U.S. Satellites
Critical space infrastructure faces crippling missile strikes, small satellites, lasersBY: Bill Gertz
March 16, 2016 5:00 am
China and Russia are preparing to attack and disrupt critical U.S. military and intelligence satellites in a future conflict with crippling space missile, maneuvering satellite, and laser attacks, senior Pentagon and intelligence officials told Congress on Tuesday.
Air Force Gen. John Hyten, commander of the Air Force Space Command, said the threat to U.S. space systems has reached a new tipping point, and after years of post-Cold War stagnation foreign states are focused on curbing U.S. space systems.
“Adversaries are developing kinetic, directed-energy, and cyber tools to deny, degrade, and destroy our space capabilities,” Hyten said in a prepared statement for a hearing of the House Armed Service strategic forces subcommittee.
“They understand our reliance on space, and they understand the competitive advantage we derive from space. The need for vigilance has never been greater,” the four-star general said.
Hyten said U.S. Global Positioning System satellites remain vulnerable to attack or jamming. The satellites’ extremely accurate time-keeping feature is even more critical to U.S. guided weapons than their ability to provide navigation guidance, he said.
More…
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