Submitted by Tyler Durden on 04/30/2016 - 17:10
The probability of The Donald becoming the Republican Presidential nominee has surged up to a record high 85% this week (as the odds of a brokered convention collapse) as a more mild-mannered and "can't we all get along" Trump begins to creep out of the shadows. As the inevitable event looms - no matter what the establishment tries - increasing numbers of #NeverTrump-ers are slowly but surely moving over to what they pictured before as the dark side. The latest, as The Hill reports, is none other than Marco Rubio who said "[Trump's] performance has improved significantly," urging GOP "let’s not ignore the will of the people or they’re going to be angry." Additionally, Rep. Jimmy Duncan (R-Tenn.) on Saturday endorsed Donald Trump for president, giving the GOP front-runner his 12th lawmaker endorsement.
UPS Braces For $3.8 Billion Charge As Treasury's Pension Benefit Decision Looms
Submitted by Tyler Durden on 04/30/2016 - 17:45
NIRP Has Officially Arrived: Interactive Brokers Starts Charging 0.25% On Yen Cash Balances
Submitted by Tyler Durden on 04/30/2016 - 16:03
Trump Responds To California Protesters: "Felt Like I Was Crossing The Border, But I Got Here"
Submitted by Tyler Durden on 04/30/2016 - 13:50 "That was not the easiest entrance I've ever made. We went under a fence, and through a fence. Oh boy, it felt like I was crossing the border actually..."
The Real Story Behind The True Magnitude Of The New Home Sales Collapse
Submitted by Tyler Durden on 04/30/2016 - 16:35 Comparing the growth in the number of full time jobs versus the growth in new home sales starkly illustrates both the horrible quality of the new jobs, and how badly ZIRP has served the US economy.
Gold And Negative Interest Rates
Submitted by Tyler Durden on 04/30/2016 - 15:20 In Japan, the European Union and Switzerland, where negative nominal interest rates have already been adopted, it was observed that demand for safes and cash increased. At the same time, we learn that negative rates have boosted demand for gold in Japan (sales of gold to Japanese consumers rose to 32.8 metric tonnes in 2015 from 17.9 tonnes a year earlier). According to Takahiro Ito, chief manager at Tanaka Kikinzoku Kogyo K.K.’s store in Tokyo’s Ginza shopping district, “Many customers are wagering that it’s better to turn their savings to gold as a safe asset rather than deposit money at banks that offer low interest rates."
by Steve St. Angelo, SRS Rocco:
Silver and the silver mining stocks are some of the top performing assets in 2016. Silver was the top performing physical asset in the metal-commodity basket gaining 27% since the beginning of the year. Silver’s gains surpassed West Texas Oil which increased 24%, zinc at 20% and gold at 19%:
As we scroll down the chart we can see that copper, the king base metal, placed towards the bottom of the list at a mere 5% gain, while lead recorded a 2% loss and natural gas declined the most at 8%.
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Silver and the silver mining stocks are some of the top performing assets in 2016. Silver was the top performing physical asset in the metal-commodity basket gaining 27% since the beginning of the year. Silver’s gains surpassed West Texas Oil which increased 24%, zinc at 20% and gold at 19%:
As we scroll down the chart we can see that copper, the king base metal, placed towards the bottom of the list at a mere 5% gain, while lead recorded a 2% loss and natural gas declined the most at 8%.
Read More
WTF Chart Of The Day: Speculative Frenzy '101'
Submitted by Tyler Durden on 04/30/2016 - 14:50 In the new normal, where bad news is good news, stagnation is growth, and depression is a buying opportunity, it should be no surprise that the so-called "safety stocks" of the Consumer Staples sector have never been more risky. At a P/E valuation of 22x, food, beverage, and tobacco companies have never been more expensive. But, "safety stocks" are not the most expensive stocks in the US equity market...
Let's Stop Pretending Nuclear Power Is Commercially Viable
Submitted by Tyler Durden on 04/30/2016 - 14:20 Nuclear power is not commercially viable but has become a state-sponsored technology. There is nothing wrong with state supported technology. But we could save a lot of time and money by not pretending that it is something else.
The Cult Of Central Banking Is Dead In The Water
Submitted by Tyler Durden on 04/30/2016 - 13:22 So what is to be done, as Lenin once queried? In a word it is this. Fire the Fed. Attend to supply side policy. Let market capitalism do the rest. The cult of central banking is dead in the water.
Caught On Tape: The Last Minutes Of Life Of A Bumbling ISIS Fighter
Submitted by Tyler Durden on 04/30/2016 - 13:10 "I need a rocket for firing at people! .. Careful not to shoot at our brothers! ... I've been shot!"
Bernie Sanders' Wife: "It Would be Nice If The FBI Moved Along Hillary's Email Probe"
Submitted by Tyler Durden on 04/30/2016 - 13:01 "We said right from the beginning, right after the debate where he said, 'enough of your damn emails,' he also said, 'there's a process...it's going forward,'" Jane Sanders said Thursday on Fox Business. "It's an FBI investigation...we want to let it go through without politicizing it and then we'll find out what the situation is and that's how we still feel. I mean, it would be nice if the FBI moved it along," she said with a laugh.
The Full Story Behind Bloomberg's Attempt To "Unmask" Zero Hedge
Submitted by Tyler Durden on 04/30/2016 - 12:45 Over the years, Zero Hedge has proven to be a magnet for media attention. Today, it is Bloomberg's turn.
Why We're So Unhealthy
Submitted by Tyler Durden on 04/30/2016 - 12:16 ..because our system makes (and keeps) us sick.
"Don't Fly Near Our Borders" - U.S. Spy Plane Again Intercepted By Russian Jet
Submitted by Tyler Durden on 04/30/2016 - 11:46 Yet another close encounter took place between the U.S. and Russia yesterday, as a Russian SU-27 allegedly conducted a barrel roll over top of a U.S. Air Force RC-135 reconnaissance plane flying over the Baltic sea. There appears to be more to the story however, as Russia's defense ministry claims that the U.S. plane had turned off its transponder, which is needed for identification.."The US Air Force has two solutions: either not to fly near our borders or to turn the transponder on for identification."
Lies, Lies, & OMG More Lies...
Submitted by Tyler Durden on 04/30/2016 - 11:06 "I have certain rules that I live by... My first rule - I don't believe anything the government tells me." - George Carlin
For those that have been following the unfolding nightmare that is the total collapse of Venezuela you have been witness to a full blown economic collapse. We could go into all the reasons it is happening or we can review what has happened in real time. As you may be aware this began almost two years ago and we are just getting to the point of a complete and absolute totalitarian state. With all the propaganda, rationing and police state tactics that go along with a totalitarian state. Some of you are probably thinking, ‘what does this have to do with me?’ Everything. If you compare what is happening in Venezuela to what is happening right here in the U.S. you can see eerie similarities.
Two years ago the people of Venezuela were made aware their government was in trouble and the “bills” had become due. The only problem was, the government did not have the money to pay the bills. This put the government in situation that, to this day, can not be very easily resolved.
Read More
by F. William Engdahl, The News Doctors:
The EU Commission is clearly determined to approve a “probable human carcinogen, glyphosate, despite overwhelming evidence of its toxicity. They are clearly content to side with Monsanto and the agribusiness chemical weed-killer lobby and with Washington above the health and safety concerns of EU citizens. A legal mind might call this criminal negligence. The issue is the upcoming renewal of the license to use the probable carcinogen, glyphosate, the main ingredient in Monsanto’s widely-used weed-killer, Roundup®. The intensity of the lies and attempted deception by EU faceless bureaucrats on the controversial glyphosate issue is indicative why more EU citizens are demanding an “opt-out” entirely from the European Union.
Earlier this year, the EU Commission had recommended re-approval for another 15-years of the license for the controversial glyphosate. They declared that their “yes” decision was based on the determination by the EU’s European Food Safety Authority (EFSA) that there was no reason to believe glyphosate is a carcinogen.
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The EU Commission is clearly determined to approve a “probable human carcinogen, glyphosate, despite overwhelming evidence of its toxicity. They are clearly content to side with Monsanto and the agribusiness chemical weed-killer lobby and with Washington above the health and safety concerns of EU citizens. A legal mind might call this criminal negligence. The issue is the upcoming renewal of the license to use the probable carcinogen, glyphosate, the main ingredient in Monsanto’s widely-used weed-killer, Roundup®. The intensity of the lies and attempted deception by EU faceless bureaucrats on the controversial glyphosate issue is indicative why more EU citizens are demanding an “opt-out” entirely from the European Union.
Earlier this year, the EU Commission had recommended re-approval for another 15-years of the license for the controversial glyphosate. They declared that their “yes” decision was based on the determination by the EU’s European Food Safety Authority (EFSA) that there was no reason to believe glyphosate is a carcinogen.
Read More
from Zero Hedge:
Less than two years ago, the US set up another puppet government in the
mid-east this time in the state of Iraq when following substantial US
pressure, on August 14, 2014 then prime minister al-Maliki agreed to
stepped down and be replaced with Haider al-Abadi. Today, the regime is
in chaos and the system set up in Iraq by the US is collapsing when
protesters loyal to popular Shiite cleric Muqtada al-Sadr breached the
heavily fortified Green Zone, home to government buildings and foreign
embassies, and stormed the Iraqi parliament forcing MPs to flee and
unleashing a state of emergency for all of Baghdad.
Read More
Less than two years ago, the US set up another puppet government in the
mid-east this time in the state of Iraq when following substantial US
pressure, on August 14, 2014 then prime minister al-Maliki agreed to
stepped down and be replaced with Haider al-Abadi. Today, the regime is
in chaos and the system set up in Iraq by the US is collapsing when
protesters loyal to popular Shiite cleric Muqtada al-Sadr breached the
heavily fortified Green Zone, home to government buildings and foreign
embassies, and stormed the Iraqi parliament forcing MPs to flee and
unleashing a state of emergency for all of Baghdad.Read More
from The Daily Sheeple:
A small town in Pennsylvania is the latest to be targeted by Nestlé Waters North America, which, in typical fashion, is seeking to extract millions of gallons of freshwater to bottle and sell for an obscene profit — whether or not local residents approve.
Nestlé sneakily began testing waters in the Kunkeltown area as far back as 2012; but residents wouldn’t have discovered the desire for its water at all had the mega-corporation not rented an office in the community center, as Truthout reported. In fact, Nestlé’s plans comprise no small operation, as Truthout explained:
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A small town in Pennsylvania is the latest to be targeted by Nestlé Waters North America, which, in typical fashion, is seeking to extract millions of gallons of freshwater to bottle and sell for an obscene profit — whether or not local residents approve.
Nestlé sneakily began testing waters in the Kunkeltown area as far back as 2012; but residents wouldn’t have discovered the desire for its water at all had the mega-corporation not rented an office in the community center, as Truthout reported. In fact, Nestlé’s plans comprise no small operation, as Truthout explained:
Read More
from The Sleuth Journal:
Venezuela is a rare case of a nation condemned to die a slow painful death by self-destruction and foreign intervention at the same time.
The last shoe to drop for the Bolivarian nation is the sharp decline in oil prices, which was the only lifeline for a country that, despite its natural riches, is still 100% dependent on crude oil sales to finance its gargantuan government-run bureaucracy.
Venezuela’s economic activity has collapsed since the decline of oil prices and, despite major attacks from Washington and its sponsored organizations inside the country, the Maduro-led government is the most egregious aggressor against the ever-dependent population.
Read More
Venezuela is a rare case of a nation condemned to die a slow painful death by self-destruction and foreign intervention at the same time.
The last shoe to drop for the Bolivarian nation is the sharp decline in oil prices, which was the only lifeline for a country that, despite its natural riches, is still 100% dependent on crude oil sales to finance its gargantuan government-run bureaucracy.
Venezuela’s economic activity has collapsed since the decline of oil prices and, despite major attacks from Washington and its sponsored organizations inside the country, the Maduro-led government is the most egregious aggressor against the ever-dependent population.
Read More
by Jason Simpkins, Outsider Club:
Six of the world’s central banks (Europe, Denmark, Sweden, Switzerland, Japan, and Hungary) representing 29 countries have taken interest rates negative. They range from -0.05% in Hungary to -1.25% basis points in Sweden.
As a result, other countries, plagued by the same low commodities prices and a soft global economy, are now under growing pressure to take the same action.
Defend your currency and suffer the consequences, or devalue it and play catch up. In many cases the decision is difficult, but seemingly inevitable.
Read More
Six of the world’s central banks (Europe, Denmark, Sweden, Switzerland, Japan, and Hungary) representing 29 countries have taken interest rates negative. They range from -0.05% in Hungary to -1.25% basis points in Sweden.
As a result, other countries, plagued by the same low commodities prices and a soft global economy, are now under growing pressure to take the same action.
Defend your currency and suffer the consequences, or devalue it and play catch up. In many cases the decision is difficult, but seemingly inevitable.
Read More
by Michael Noonan, Edge Trader Plus:
Perhaps the most successful Ponzi scheme of all has been the Rothschild-led takeover and sapping of the entire United States since the American Civil War that started in 1861. The final stages were set with the not-so-lawfully-passed but fully implemented Federal Reserve Act on 23 December 1913. The fact that it purportedly passed two days before Christmas, when the custom was for no legislation to be enacted, while most politicians were en route or already home for the holidays, and the main opponents for this specific Act were indeed absent when the vote was made before a select skeleton group that stayed in Washington to ensure “passage” of the Act, this was all a huge red flag that was kept hidden from the public.
Read More
Perhaps the most successful Ponzi scheme of all has been the Rothschild-led takeover and sapping of the entire United States since the American Civil War that started in 1861. The final stages were set with the not-so-lawfully-passed but fully implemented Federal Reserve Act on 23 December 1913. The fact that it purportedly passed two days before Christmas, when the custom was for no legislation to be enacted, while most politicians were en route or already home for the holidays, and the main opponents for this specific Act were indeed absent when the vote was made before a select skeleton group that stayed in Washington to ensure “passage” of the Act, this was all a huge red flag that was kept hidden from the public.
Read More
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