Wednesday, May 4, 2016

A Very Bearish Stanley Druckenmiller Blows Up At The Fed; Reveals His Biggest "Currency" Position




If anyone had wondered if Stanley Druckenmiller's recent bearishness had dissipated, or transformed into at least modest bullishness as a result of the market meltup, we have bad news.



Watch Live: John Kasich Announces End Of His Presidential Campaign

It's all over but the press conference (and perhaps elbowing his wife in the face). Watch John Kasich announce he is taking the exterminaTed way out, and also suspending his presidential campaign one day after Ted Cruz did the same, and leaving Donald Trump the official GOP candidate.

Odds Are Stacked Against Equity Investors












Stocks Slump, Dollar Jumps After China Sends Message To Fed







"Nothing Has Been Fixed" - Citi's Five Reasons Why This Sucker Is Going Down

"none of the structural headwinds that seem to have plagued the global economy in recent years (a mix of excessive indebtedness, deteriorating demographics, rising political uncertainty as well as the end of the China growth miracle and the c

One Man (Who Is Not A Fan Of Trump) Explains Why Trump Winning Is Good For Democracy

 Irrespective of what you think of Trump, his continued survival in the Presidential circus is undoubtably good. Not because he’s some sort of savior who will “Make America Great Again,” but because he’s bringing up issues he’s not supposed to bring up. Because he’s getting people who have given up on the political process engaged again. Because he’s convincing tens of millions of Americans that it really is possible to give the status quo the boot. At the end of the day, it’s not the actions of any particular individual that instills true fear in the U.S. establishment and deep state government. What really scares them is a population capable of critical thought beyond false left-right paradigm talking points...



This Incredibly Reckless Policy Is Gaining Momentum

Let’s be honest, free money sounds great. And you might agree if you start daydreaming about what you’d buy with additional $1,000 or $5,000 in your bank account. The truth is, nothing is free...



The War On Paper Currency Officially Begins: ECB Ends Production Of €500 Bill

Following the denial in February that this action is in any way about reducing cash, Mario Draghi has made his decision: ECB ENDS PRODUCTION AND ISSUANCE OF €500 BANKNOTE. And just like that the second highest denominated European bank note in circulation is dead, driving everyone into the CHF1000 Bill, and implicitly weakening the euro.

SoT – Alasdair Macleod: The Purchasing Power Of The Dollar Is Doomed

from The Daily Coin:

Akin to ancient Rome, the United States has over-extended herself. She has created a climate that could easily be transformed into a war on a slight pretext. Wars, as it is well known are also a means a nation can extricate itself from debt and financial responsibility.  – The U.S. Endgame, Jeremiah Johnson (nom de plume, retired U.S. Special Forces, excerpt from Zerohedge
One would have to be blinded from either denial or ignorance not see the escalating political and military tension between the U.S. and Russia/China. While the U.S. media spins the story into a tall-tale in which BRIC nation leaders are the provocateurs, the truth is that the U.S. has transformed its illegitimate “war on terror” into war on the world in a last-gasp attempt hold onto the economic and geopolitical hegemony it has enjoyed for several decades.
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Pro-Brexit Leader Jokes "Keep Sending Obama Over" After Surge In Polls

Who could have seen this coming? Having told the British public in so many words, "Vote No To Brexit, Vote Yes To Undemocratic Superstate!" it appears President Obama's unwanted presence in the UK-EU Referendum debate has backfired beautifully. As FreeBeacon reports, Arron Banks, the British entrepreneur leading a grassroots effort to leave the European Union urges Americans to "keep sending Obama over," as 'Brexit' odds have risen above plunging 'Bremain' odds since the President paid a visit to the Queeen.




Eight "New Normal" Charts That Are Insanely Abnormal (And Dangerous)

Is there anyone on the planet who's actually stupid enough to believe these New Normal charts are healthy and sustainable? We doubt it. Rather, the apologists, toadies, apparatchiks and flacks are being well-paid to cheerlead, and the "leadership" (using the term lightly) of the discredited institutions are terrified of what will happen when people finally catch on. The New Normal is not sustainable.



China Warns 'Will Respond To Trump Presidency'

Speaking through its mouthpiece Global Times, China has published its first reaction to "unpredictable" Trump's position as presumptive Republican nominee and their expectations of a Trump vs Clinton fight for The White House... "This scenario is becoming increasingly serious..."

They’re Bringing Back Feudalism… and Nobody Seems to Notice

by Nick Giambruno, International Man:

You’ve likely heard that unknown hackers recently attacked Mossack Fonseca, a law firm in Panama that helps people set up offshore companies and bank accounts. They later leaked 11.5 million documents.
Almost immediately, central economic planners at the G20 and OECD—international organizations of the world’s largest economies—took advantage of the “Panama Papers” incident to shove GATCA down the world’s throat.
GATCA is a new “global standard” for the automatic exchange of financial information between governments. It’s modeled on an overreaching U.S. law, FATCA, which forces every financial institution on earth to give the IRS information.
Read More…



Tesla Jumps After Smaller Than Expected Loss; Warns Cash Burn Is About To Hit Ludicrous Speed

As we previewed yesterday, perhaps more so that the longs it was the company's near record shorts who were expecting today's earnings release to see if their bearish bets on the company will pan out. And while the stock slid all day, losing 4% in regular hours after Jim Chanos announced he was short the car maket, the stock now appears to be jumping in the after hours session having just reported its Q1 results which were as follows.
 

Spot The Odd Car Maker Out









Will The (Falling) Buck Stop Here?

The recent decline in the U.S. Dollar has people wondering where it might stop; its chart suggests right here is as good a spot as any.



Turkish Lira Plunges Most Since 2008 As Yet Another Political Crisis Appears Imminent

As another political crisis appears ready to grip Turkey, moments ago we got confirmation that the latest scandal, this time one involving the president and the prime minister, is about to become acute and will likely lead to a party Convention as well as the resignation of the Prime Minister. The immediate response: the biggest crash in the Turkish Lira since October 2008.



As UK Housing Bubble Bursts, Barclays Unleashes 100% LTV Mortgages Again

Just a month after the UK's luxury housing bubble burst, it appears the nice friendly bankers at Barclays are looking for some scapegoats to flip their condos to. That the housing recovery has been driven primarily by a steady flow of foreign investment, and not necessarily the underlying economic fundamentals improving is becoming clear to everyone and so in what appears a desperate act of deja vu, Barclays has brought back the 100 per cent mortgage - the first major bank to do so since the last financial crisis - to keep the ponzi dream alive just a little longer.



Obama Chugs A Glass Of Flint Water, Says It Is "Drinkable"

Behold the leader of the free world: "Obama drinks water in Flint, Michigan. Says the water is 'drinkable'."

RED ALERT WARNING: THIS IS YOUR LAST CHANCE — Bill Holter

by SGT, SGT Report.com:
Friends, this interview with JS Mineset’s Bill Holter is not for the faint of heart. It contains information you absolutely must share with your friends and family, no matter how closed-minded they are, no matter how many times you may have tried to warn them in the past. This may well be their last chance to protect themselves from an economic calamity so severe that they will never recover.
Holter warns, “I think what we are looking at is an EVENT that you’re not going to be able to recover from. If this market snaps and the markets close, and you’re not in position, you’re out. You’re out for the rest of your life. This is going to be an EVENT that you can’t recover from.”
As readers of SGT Report know, Silver is the best performing commodity asset of 2016 thus far, and there are some very quantifiable, very important reasons for it. This may well be YOUR last chance to protect yourself from what’s coming.

The Planned Starvation of America

by Dave Hodges, The Common Sense Show:

It would appear that Alex Jones and Dave Hodges were serendipitously working on the same story. Someone who knew that I was releasing this story, today, sent me an Alex Jones’ interview, yesterday afternoon. The point being is that two journalists with completely different sources,who have never spoken to each other, are telling the public the same exact story, with the same exact consequences, it is time to pay attention. As a point of reference, here is the brief version of the Alex Jones video.
If one is willing to spend the time to look, they will discover that many journalists are writing on this topic.
Americans Could Never Be Starved to Death: Unfortunately, It’s Happened Before!
Read More

Is The US A Carefully Constructed “Mock-Up?” – Janet Phelan

by Janet Phelan, The News Doctors:

Those familiar with settings for Hollywood movies will recognize that there is a difference between façade and structure. In the case of celluloid, a “mock-up” may be used to simulate a structure, without, however its three-dimensional and functional integrity. A mock-up may look like what it is simulating, but on close examination, it will become apparent it is only a Sim.
A “mock up” may be defined as follows: a “full sized scale model used for demonstration, study or testing.”
This article will explore the possibility that, far from being a Constitutional republic, that the United States is, in fact, a “mock-up” and a Sim.
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