Submitted by Tyler Durden on 05/18/2016 - 09:57
After yesterday's plunge was unable to be stopped by a late day VIX slam; and this morning pre-open puke, there was only one thing left to do to stall the weakness...Break The Market!
Gold Spikes Above $1275 On Sudden Billion Dollar Bid
Submitted by Tyler Durden on 05/18/2016 - 09:46
Welcome To 1984
Submitted by Tyler Durden on 05/17/2016 - 22:50 The artifice of corporate totalitarianism has been exposed. The citizens, disgusted by the lies and manipulation, have turned on the political establishment. But the game is not over. Corporate power has within its arsenal potent forms of control. It will use them. As the pretense of democracy is unmasked, the naked fist of state repression takes its place. America is about—unless we act quickly—to get ugly. “Our political system is decaying,” said Ralph Nader. “It’s on the way to gangrene. It’s reaching a critical mass of citizen revolt.”
Undeniable Evidence That The Real Economy Is Already In Recession
Submitted by Tyler Durden on 05/18/2016 - 02:00 Peddling some facts... "This is no longer statistical “noise” that can easily be brushed off."
The Chart That Will Make Every American Driver Angry
Submitted by Tyler Durden on 05/18/2016 - 09:40 When crude oil prices started to collapse, the great American unwashed were told - day after day - that low oil prices were "unequivocally good" for them. That myth was destroyed as rent, healthcare, and debt-reduction trumped consumer gains. However, as angry Americans are seeing every day now, gas prices at their local pump have been soaring... having never dropped as they should. In fact, as the following anger-inducing chart below exposes, gas prices for the average joe are almost 50% higher than would be expected given the low oil prices...Shocking Images Of Record Long Lines At US Airports
Submitted by Tyler Durden on 05/18/2016 - 09:05
filed under White Trash...
Sworn Depositions Of Close Clinton Aides Begin This Week
Submitted by Tyler Durden on 05/17/2016 - 21:58 Interviews in a civil lawsuit with current and former State Department officials concerning former Secretary of State Hillary Clinton’s use of a private email server will begin this week. Lewis Lukens, a former deputy assistant secretary of state, will be interviewed under oath in the first deposition taken as part of a lawsuit by the conservative watchdog group Judicial Watch over access to Mrs. Clinton’s records during her time in office.
from Jesse’s Café Américain:
“A credibility trap is a condition in which the financial, political
and informational functions of a society have been compromised by
corruption and fraud, so that the leadership cannot effectively reform,
or even honestly address, the problems of that system without impairing
and implicating, at least incidentally, a broad swath of the power
structure, including themselves.”
The bureaucrats, politicians, professional enablers, and financial elite are so intricately complicit in, and so benefited by, the broken system which we have now that they cannot talk about the systemic problems that are driving the real economy into a perpetual stagnation. They may talk a good game, and pledge themselves to reform in passing, but quickly turn the conversation to some emotional distraction, some other group of people to blame, some other social cause, anything but the serious subject of substantial financial reform.
They are very much a part of the problem, if not at the heart of it.
Read More…
“A credibility trap is a condition in which the financial, political
and informational functions of a society have been compromised by
corruption and fraud, so that the leadership cannot effectively reform,
or even honestly address, the problems of that system without impairing
and implicating, at least incidentally, a broad swath of the power
structure, including themselves.”The bureaucrats, politicians, professional enablers, and financial elite are so intricately complicit in, and so benefited by, the broken system which we have now that they cannot talk about the systemic problems that are driving the real economy into a perpetual stagnation. They may talk a good game, and pledge themselves to reform in passing, but quickly turn the conversation to some emotional distraction, some other group of people to blame, some other social cause, anything but the serious subject of substantial financial reform.
They are very much a part of the problem, if not at the heart of it.
Read More…
from InfoWars:
Burlington College, which took on heavy debt during the tenure of Bernie Sanders’ wife, is closing down.
The closure of the liberal arts college in Vermont was blamed directly on Jane Sanders, who bankrupted the school as president from 2004 to 2011.
“Founded in 1972 as an informal gathering of students, Burlington College grew into a small, regionally accredited liberal arts college, but financial strain and academic probation created by an ambitious but ill-fated expansion under then-President Jane Sanders onto a new campus on prime waterfront land led to the school’s demise,” the Burlington Free Press reported.
Read More
Burlington College, which took on heavy debt during the tenure of Bernie Sanders’ wife, is closing down.The closure of the liberal arts college in Vermont was blamed directly on Jane Sanders, who bankrupted the school as president from 2004 to 2011.
“Founded in 1972 as an informal gathering of students, Burlington College grew into a small, regionally accredited liberal arts college, but financial strain and academic probation created by an ambitious but ill-fated expansion under then-President Jane Sanders onto a new campus on prime waterfront land led to the school’s demise,” the Burlington Free Press reported.
Read More
The Interests Of A Government In Debt Are Not Aligned With The People
Submitted by Tyler Durden on 05/18/2016 - 09:20 Since the beginning of the year, the greenback has shown it's not almighty after all; and gold - the barbarous relic as some have called it - may be en vogue again? Where are we going from here and what are the implications for investors?
Cable Spikes To 3-Week Highs On Latest BREXIT Poll
Submitted by Tyler Durden on 05/18/2016 - 08:58 With still more than a month to go until the June 23 referendum on whether to keep Britain inside the European Union, the pound is strengthening amid evidence the "leave" campaign is losing ground in the Brexit debate. Cable has spiked this morning to near 3-week highs after an opinion poll by the Evening Standard newspaper and Ipsos Mori put the “remain” camp’s lead at 18 percentage points. What is most fascinating is that while phone polls show BREMAIN now in the lead, online polls signal BREXIT still leads - perhaps indicating age-related biases.16 Months & Counting...
These are not normal times; treating them as such will likely turn out to be a grave error...
British Spymaster Fears The EU Has "Run Its Historical Course"; Warns Of "Populist Uprising"
Submitted by Tyler Durden on 05/18/2016 - 08:30 "The argument that we would be less secure if we left the EU, is in reality rather difficult to make. There would in fact be some gains if we left, because the UK would be fully master of its own house...The stakes are very high, and the UK referendum is the first roll of the dice in a bigger geopolitical game."
Target Crashes To 2016 Lows After Missing Top Line, Slashing Guidance
Submitted by Tyler Durden on 05/18/2016 - 08:09 How is this possible? The government just told us that retail sales jumped the most in years?China's Housing Bubble Is So Big, Goldman Will "Need A Bigger Chart"
With almost 30% price inflation for China's Tier 1 home prices, Goldman will need a bigger chart very soon...
Middle Class Destitution – A Devastating Tale From America's Heartland
Submitted by Tyler Durden on 05/17/2016 - 22:20 "We're becoming like a third-world country. This is how it feels to be sold out by your country. We’re going to have nothing left but fast food... Fast food and hedge funds. That's where we're going."Congressman Exposes Porn Habit With 'Innocent' Facebook Post
Submitted by Tyler Durden on 05/17/2016 - 22:25
by Michael Snyder, The Economic Collapse Blog:
What can you do when you are working 60 hours a week at three part-time
jobs and it is still not enough? In America today, many people have
taken on more than one job in a desperate attempt to make ends meet, but
they still come up short at the end of the month. And those that are
actually working are the fortunate ones, because in one out of every
five families in the United States nobody has a job.
There are more than 100 million working age Americans that are
currently not employed (yes this is true), and as I pointed out yesterday,
job cut announcements by major firms are currently running 24 percent
ahead of last year’s pace. But unemployment is just part of the overall
problem. There is this growing misconception out there that if you “have
a job” that you must be doing okay. Unfortunately for the growing
number of “working poor” in America, that is not true at all.
Read More
What can you do when you are working 60 hours a week at three part-time
jobs and it is still not enough? In America today, many people have
taken on more than one job in a desperate attempt to make ends meet, but
they still come up short at the end of the month. And those that are
actually working are the fortunate ones, because in one out of every
five families in the United States nobody has a job.
There are more than 100 million working age Americans that are
currently not employed (yes this is true), and as I pointed out yesterday,
job cut announcements by major firms are currently running 24 percent
ahead of last year’s pace. But unemployment is just part of the overall
problem. There is this growing misconception out there that if you “have
a job” that you must be doing okay. Unfortunately for the growing
number of “working poor” in America, that is not true at all.Read More
Someone Really Wants This Market To Crash
Submitted by Tyler Durden on 05/18/2016 - 05:22 If Goldman was surprised how many investors in the VIX ETP market disagreed with Goldman's 'low vol' call three weeks ago, it will be absolutely shocked now. Because what the charts show is that someone really wants this market to crash, and is putting their money where their mouth is.
Ex-Google Engineers Launch "Otto": Completely Driverless Truck Testing Underway
Submitted by Tyler Durden on 05/18/2016 - 04:00 Movement in the autonomous vehicle space accelerated once again. Four ex-Google engineers, including the man who built Google’s first self-driving car, announced “Otto”, an autonomous truck retrofitting business. The service isn’t vaporware. “Otto” is currently operating on Nevada highways.
by Pam Martens and Russ Martens, Wall St On Parade:
Yesterday we read two articles: one made our blood boil, the other broke our hearts.
Let’s start with the first. Bloomberg News seems to be on a roll with Jamie Dimon, Chairman and CEO of JPMorgan Chase. First it put him on the cover of its relaunched Bloomberg Markets magazine and then followed up with a Bloomberg TV promotion for the article, suggesting that Jamie Dimon is all about the customer – a concept so divergent from the facts on the ground that we devoted a column to it in March. Neither the article nor the TV promotion mentioned the fact that under Dimon’s leadership, the bank was been charged with three criminal felony counts between 2014 and 2015 for decidedly non-customer friendly behavior while simultaneously rewarding Dimon with obscene pay.
Read More
Yesterday we read two articles: one made our blood boil, the other broke our hearts.
Let’s start with the first. Bloomberg News seems to be on a roll with Jamie Dimon, Chairman and CEO of JPMorgan Chase. First it put him on the cover of its relaunched Bloomberg Markets magazine and then followed up with a Bloomberg TV promotion for the article, suggesting that Jamie Dimon is all about the customer – a concept so divergent from the facts on the ground that we devoted a column to it in March. Neither the article nor the TV promotion mentioned the fact that under Dimon’s leadership, the bank was been charged with three criminal felony counts between 2014 and 2015 for decidedly non-customer friendly behavior while simultaneously rewarding Dimon with obscene pay.
Read More
by Michaela Whitton, Activist Post:
A
U.S. Army Reserve chaplain has resigned in opposition to U.S. policies
on nuclear weapons, militarized drones, and preemptive war. In a letter
to President Obama, Captain Christopher John Antal stated he can no
longer serve as a chaplain for an “empire.”
From September 2012 to February 2013, Antal was an Army chaplain to a battalion supporting the 3rd Infantry Division in southern Afghanistan. Although his unit didn’t have operational responsibilities for drones, the chaplain saw them launch and land, and was therefore fully aware of the consequences of remote-control killing.
In a poem he wrote in 2012, called “A Veterans Day Confession For America,” Antal accused the U.S. of sanitizing killing and condoning extrajudicial assassinations. His commanding officer was informed of his prose, and in a blatant attempt to silence dissent, Antal was investigated and banned from travel. Officially reprimanded, he was sent back to the U.S. with a “do not promote” evaluation and discharged from active duty. According to Veterans For Peace, the minister challenged the punishment, which resulted in his re-activation and promotion to Captain in the U.S. Army.
Read More
A
U.S. Army Reserve chaplain has resigned in opposition to U.S. policies
on nuclear weapons, militarized drones, and preemptive war. In a letter
to President Obama, Captain Christopher John Antal stated he can no
longer serve as a chaplain for an “empire.”From September 2012 to February 2013, Antal was an Army chaplain to a battalion supporting the 3rd Infantry Division in southern Afghanistan. Although his unit didn’t have operational responsibilities for drones, the chaplain saw them launch and land, and was therefore fully aware of the consequences of remote-control killing.
In a poem he wrote in 2012, called “A Veterans Day Confession For America,” Antal accused the U.S. of sanitizing killing and condoning extrajudicial assassinations. His commanding officer was informed of his prose, and in a blatant attempt to silence dissent, Antal was investigated and banned from travel. Officially reprimanded, he was sent back to the U.S. with a “do not promote” evaluation and discharged from active duty. According to Veterans For Peace, the minister challenged the punishment, which resulted in his re-activation and promotion to Captain in the U.S. Army.
Read More
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