Obama Succumbs To Saudi Pressure, Will Veto Sept 11 Lawsuit Bill
Submitted by Tyler Durden on 04/19/2016 - 09:12 Following strong Saudi pressure to scuttle the Sept 11 Bipartisan Bill, the president made it clear on what side he stands when the White House threatened to veto the bipartisan bill to let families victimized by the 9/11 terrorist attacks sue Saudi Arabia while a GOP senator privately sought to block the measure. The White House and State Department are bluntly warning lawmakers not to proceed with the legislation due to "fears" it could have dramatic ramifications for the United States and citizens living abroad to retaliatory lawsuits.
Which Narrative Will Win Out: Bulls Or Bears?
Submitted by Tyler Durden on 04/19/2016 - 08:21 The battle boils down to what controls the market: central banks or fundamentals.
China Launches Yuan Gold Fix To "Exert More Control Over Price Of Gold"
Submitted by Tyler Durden on 04/19/2016 - 09:35 Overnight a historic event took place when China, the world's top gold consumer, launched a yuan-denominated gold benchmark on Tuesday as had been previewed here previously in what Reuters dubbed "an ambitious step to exert more control over the pricing of the metal and boost its influence in the global bullion market."
Institutionalized Lying - Why Central Bankers Never See Bubbles
Submitted by Tyler Durden on 04/19/2016 - 08:55 Every day there is more confirmation that the casino is an exceedingly dangerous place and that exposure to the stock, bond and related markets is to be avoided at all hazards. In essence the whole shebang is based on institutionalized lying, meaning that prouncements of central bankers, Wall Street brokers and big company executives are a tissue of misdirection, obfuscation and outright deceit. And they are self-reinforcing, too.
by Michael Snyder, The Economic Collapse Blog:
The Dow closed above 18,000 on Monday for the first time since July. Isn’t that great news? I truly wish that it was. If the Dow actually reflected economic reality, I could stop writing about “economic collapse” and start blogging about cats or football. Unfortunately, the stock market and the economy are moving in two completely different directions right now. Even as stock prices soar, big corporations are defaulting on their debts at a level that we have not seen since the last financial crisis. In fact, this wave of debt defaults have become so dramatic that even USA Today is reporting on it…
Get ready to step over some landmines, investors. The number of companies defaulting on their debt is hitting levels not seen since the financial crisis, and it’s not just a problem for bondholders.
Read More
The Dow closed above 18,000 on Monday for the first time since July. Isn’t that great news? I truly wish that it was. If the Dow actually reflected economic reality, I could stop writing about “economic collapse” and start blogging about cats or football. Unfortunately, the stock market and the economy are moving in two completely different directions right now. Even as stock prices soar, big corporations are defaulting on their debts at a level that we have not seen since the last financial crisis. In fact, this wave of debt defaults have become so dramatic that even USA Today is reporting on it…
Get ready to step over some landmines, investors. The number of companies defaulting on their debt is hitting levels not seen since the financial crisis, and it’s not just a problem for bondholders.
Read More
March Housing Starts, Permits Plunge As Single-family Units Crash
Submitted by Tyler Durden on 04/19/2016 - 08:44 US Housing Starts tumbled 8.8% in March (missing -1.1% expectations by the most since Feb 2015) as both single-family (-9.2%) and multi-family units (-7.9%) tumbled. The biggest drop was in The West (-16% overall with a 26.9% MoM plunge in single-family units). Worst still, Permits (forward-looking), plunged 7.7% (agsinst expectations of 2% rise) - this is the 2nd biggest MoM crash since Jan 2011. As the Spring-selling season starts, the housing 'recovery' appears to be stalling.
Silver Soars To 10-Month Highs, Gold-Ratio Continues To Plunge
Submitted by Tyler Durden on 04/19/2016 - 08:06 It appears a combination of Rosengren's comments (panic-jawboning about rates raises policy error fears), positioning unwinds (commercial hedgers covering), and gold/silver ratio compression has sparked a surge in both silver (10-month highs) and gold (back above 50dma) overnight.
Goldman Earnings Plunge 55% In Worst Quarter Since 2011; Average Compensation Crashes
Submitted by Tyler Durden on 04/19/2016 - 07:57 There was some hope that after a better than expected result from JPM and, to a lesser extent MS and WFC, that Goldman would surprise to the upside. That did not happen even though the company moments ago reported EPS of $2.68 beating expectations of $2.48, which nonetheless was a 55% plunge in earnings from a year ago. But the real story was in the company's revenue which printing at $6.4 billion was not only a huge miss to expectations of $6.7 billion, but a massive slide of 40% from Q1 2015 driven by top-line weakness across the board. This was the worst revenue quarter for Goldman since Q4 2011.Frontrunning: April 19
- Early Warning Signs of Recession Flash Faintly in U.S. Jobs Data (BBG)
- Who Needs Buybacks? One S&P 500 Variant Just Rallied to a Record (BBG)
- The unpredictable new voice of Saudi oil (FT)
- Saudi's Other Warning Makes Oil Traders Sweat After Doha Failure (BBG)
- U.S. oil investors rush for protection at $35 as Doha talks collapse (Reuters)
- Trump candidacy: Where some fear to tread others see a path to victory (Reuters)
Massive Suicide Bomb Attack Near US Embassy In Afghanistan Kills Over 28, Injures Hundreds
Submitted by Tyler Durden on 04/19/2016 - 07:00 A massive Taliban suicide bomb as well as a gun attack on a government security office in central Kabul near the US embassy during rush hour on Tuesday killed at least 28 people and wounded more than 320 in Afghanistan earlier today, a week after the militant group announced a spring offensive.
S&P To Open Above 2,100, Eyes All Time High As Global Markets Surge, Crude Rises Above $40
Submitted by Tyler Durden on 04/19/2016 - 06:45 If asking traders where stocks and oil would be trading one day after a weekend in which the Doha OPEC meeting resulted in a spectacular failure, few if any would have said the S&P would be over 2,100, WTI would be back over $40 and the VIX would be about to drop to 12 and yet that is precisely where the the S&P500 is set to open today, hitting Goldman's year end target 8 months early, and oblivious of the latest batch of poor earnings news, this time from Intel and Netflix, both of which are sharply lower. We expect that after taking out any 2,100 stops, the S&P will then make a solid effort to take out all time highs, now just over 1% away.$530 Billion Over Ten Years - How The End Of Border-less Travel Threatens Europe's Economy
Submitted by Tyler Durden on 04/19/2016 - 04:00
In
an effort to slow Syrian, Afghan, and Iraqi migrants traveling to
Europe, many countries are now implementing border controls, a decision
that could prove to have significant negative consequences for Europe's economy. As Bloomberg notes,
the open border economy supports more than 400 million people, with 24
million business trips, and 57 million cross-border freight transfers
happening every single year. Research by the Bertelsmann Foundation
asserts that a permanent return to border controls could cost $530 billion of GDP growth from the European economy over the next decade.Saint Or Sinner - Government Eyes Are Watching Every Move You Make
Submitted by Tyler Durden on 04/18/2016 - 22:50
"If, as it seems, we are in the process of becoming a totalitarian society in which the state apparatus is all-powerful, the ethics most important for the survival of the true, free, human individual would be: cheat, lie, evade, fake it, be elsewhere, forge documents, build improved electronic gadgets in your garage that’ll outwit the gadgets used by the authorities." There is no gray area any longer.
Boston Fed Says "Markets Are Wrong," Rates Are Going Higher, Sooner
Submitted by Tyler Durden on 04/18/2016 - 22:25
Gold
and bond prices dropped and stocks popped as yet another open-mouth
operation went underway this evening from none other than Boston Fed
president Eric Rosengren. Ahead of next week's FOMC meeting, and just
days after another Fed president said no April hike, Rosengren spewed
firth that "I don't think financial markets have it right." Of course, what this preacher means is that while stock markets are perfectly efficient (and correct), bonds and rate futures areclearly inefficient and "investor outlooks for Fed rate hikes are too pessimistic," because "the US economy is fundamentally sound." 
The essence of all sound analysis begins with definition of terms.
Parts I and II provided readers with such definitions. Readers were
provided with a partial summary of the past, Nazi Germany’s “Third
Reich”, and an equally partial summary of the present – the Fourth Reich
of the 21st century United States of America.The reason for the partial explanation of the Third Reich is, in part, a necessity of brevity. It’s not possible to provide any comprehensive look at the geopolitical phenomenon of Nazi Germany within the scope of this analysis. It’s also not necessary, since we are only interested in how it came into being.
This was explained primarily in two words: cultural insanity.
Read More
by Jon Rappoport, Activist Post:
Warning: Don’t read this article if you want to avoid feeling an unpleasant sensation in the pit of your stomach.
The issue here is: refusing to believe an uncomfortable fact. An unpleasant fact. A devastating fact. There is a simple formula that describes how the public refuses to believe an uncomfortable fact.
It goes this way: “Well, if that were true, then…”
Read More
Warning: Don’t read this article if you want to avoid feeling an unpleasant sensation in the pit of your stomach.The issue here is: refusing to believe an uncomfortable fact. An unpleasant fact. A devastating fact. There is a simple formula that describes how the public refuses to believe an uncomfortable fact.
It goes this way: “Well, if that were true, then…”
Read More
by J. D. Heyes, Natural News:
Aluminum
is a metal found in many childhood vaccines. The stated role of
aluminum as an adjuvant in vaccines is to enhance the immune response to
the main ingredient in the vaccine. This would be either a virus or
bacterial component.
Vaccines which currently contain aluminum are: hepatitis A, hepatitis B, diphtheria-tetanus-pertussis (DTaP, Tdap), Haemophilusinfluenzae type b (Hib), human papillomavirus (HPV) and pneumococcal.
Aluminum Stops Cellular Cleaning
Lysosomes are organelles inside of most cells in the body. These are the garbage cans of the cell that digest proteins and other molecules, spitting out their parts to be recycled into other cell components.
Read More
Aluminum
is a metal found in many childhood vaccines. The stated role of
aluminum as an adjuvant in vaccines is to enhance the immune response to
the main ingredient in the vaccine. This would be either a virus or
bacterial component.Vaccines which currently contain aluminum are: hepatitis A, hepatitis B, diphtheria-tetanus-pertussis (DTaP, Tdap), Haemophilusinfluenzae type b (Hib), human papillomavirus (HPV) and pneumococcal.
Aluminum Stops Cellular Cleaning
Lysosomes are organelles inside of most cells in the body. These are the garbage cans of the cell that digest proteins and other molecules, spitting out their parts to be recycled into other cell components.
Read More
by Harvey Organ, HarveyOrganblog:
Good evening Ladies and Gentlemen:
Gold: $1,233.60 up $0.50 (comex closing time)
Silver 16.25 down 6 cents
In the access market 5:15 pm
Gold $1233.00
silver: 16.24
I hope you all watched a very important video where Rob Kirby and Greg Hunter discuss the purchase of the Chinese of the SWIFT system. Now the Chinese can combine their CIP with the new SWIFT system and bypass the USA altogether. Rob Kirby describes this as a knife into the heart of the USA. (CIP transfers money/Swift provides the information packet. Up until now you had to settle in dollars as there was no way around the SWIFT system.)
Read More
Good evening Ladies and Gentlemen:Gold: $1,233.60 up $0.50 (comex closing time)
Silver 16.25 down 6 cents
In the access market 5:15 pm
Gold $1233.00
silver: 16.24
I hope you all watched a very important video where Rob Kirby and Greg Hunter discuss the purchase of the Chinese of the SWIFT system. Now the Chinese can combine their CIP with the new SWIFT system and bypass the USA altogether. Rob Kirby describes this as a knife into the heart of the USA. (CIP transfers money/Swift provides the information packet. Up until now you had to settle in dollars as there was no way around the SWIFT system.)
Read More
from Wolf Street:
Prior to last week, Deutsche Bank made headlines for a string of huge losses and massive exposure to risky derivatives. The last time the firm’s shares traded at prices this low, the world was in the midst of 2008’s financial apocalypse.
Deutsche Bank didn’t need more bad news, but a group of investors who brought suit against the massive German bank for cheating them by rigging the London “fix” price for gold and silver certainly must be smiling. Last week, the bank offered to settle their class action suit for an undisclosed amount.
Read More
Prior to last week, Deutsche Bank made headlines for a string of huge losses and massive exposure to risky derivatives. The last time the firm’s shares traded at prices this low, the world was in the midst of 2008’s financial apocalypse.
Deutsche Bank didn’t need more bad news, but a group of investors who brought suit against the massive German bank for cheating them by rigging the London “fix” price for gold and silver certainly must be smiling. Last week, the bank offered to settle their class action suit for an undisclosed amount.
Read More
from Zen Gardner:
In this day and age as the energies intensify, many of us are called to get out of our comfort zone, question consensus reality and the world we live in. We look for answers to deeper life questions, our individual purpose and role as we embark on the process of seeking truth within and without. Once you take the “red pill” it can become a lonely road at times and it is harder to relate to people we used to be around who don’t question what we’ve been told and taught via official cult-ure. The more we de-program ourselves from cultural, social, and religious conditioning, the less we “fit in” with the sleeping masses. We experience break-downs and separations of relationships and friendships. This is normal in light of the process of awakening.
Read More…
In this day and age as the energies intensify, many of us are called to get out of our comfort zone, question consensus reality and the world we live in. We look for answers to deeper life questions, our individual purpose and role as we embark on the process of seeking truth within and without. Once you take the “red pill” it can become a lonely road at times and it is harder to relate to people we used to be around who don’t question what we’ve been told and taught via official cult-ure. The more we de-program ourselves from cultural, social, and religious conditioning, the less we “fit in” with the sleeping masses. We experience break-downs and separations of relationships and friendships. This is normal in light of the process of awakening.
Read More…
by Kit Daniels, Infowars:
Record-breaking gun sales under Obama’s watch have created tens of thousands of jobs with good wages.
Jobs related to the manufacturing and sale of guns increased 73% since 2008 to a nationwide total of 287,986, the National Shooting Sports Foundation revealed.
“These are good jobs, paying an average of $50,180 in wages and benefits, and today every job is important,” the foundation reported. “Not only does the manufacture and sale of firearms and hunting supplies create good jobs in the United States but the industry also contributes to the economy as a whole.”
Read More @ Infowars.com
Record-breaking gun sales under Obama’s watch have created tens of thousands of jobs with good wages.Jobs related to the manufacturing and sale of guns increased 73% since 2008 to a nationwide total of 287,986, the National Shooting Sports Foundation revealed.
“These are good jobs, paying an average of $50,180 in wages and benefits, and today every job is important,” the foundation reported. “Not only does the manufacture and sale of firearms and hunting supplies create good jobs in the United States but the industry also contributes to the economy as a whole.”
Read More @ Infowars.com
This is what trusting your government officials will get you...
by Anna Scanlon, Natural Society:
In
the wake of the Flint water crisis, two more deaths from Legionnaires’
disease have been confirmed, bringing the total up from 10 to 12. In 2014 and 2015, the state found 91 cases of this illness. It is believed that at least half of the cases are associated with the recent water crisis, though at this time they are still uncertain. [1] [2]
Eden Wells, M.D., Chief Medical Executive with the MDHHS, said:
Read More
In
the wake of the Flint water crisis, two more deaths from Legionnaires’
disease have been confirmed, bringing the total up from 10 to 12. In 2014 and 2015, the state found 91 cases of this illness. It is believed that at least half of the cases are associated with the recent water crisis, though at this time they are still uncertain. [1] [2]Eden Wells, M.D., Chief Medical Executive with the MDHHS, said:
Read More
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