Submitted by Tyler Durden on 05/03/2016 - 20:36
Indiana's Over: Sanders Hammers Hillary, Trump Crushes Cruz - Speech Livestream
Submitted by Tyler Durden on 05/03/2016 - 18:26
US Futures Tumble After China Devalues Yuan By Most Since August Collapse
Submitted by Tyler Durden on 05/03/2016 - 22:30 The 'odd' regime shift in the relationship between USDJPY and US equities continues overnight. Following some visible-handedness and follow-through momentum, Yen is weakening against the USD - normally a big flashing green sign for risk-on pajama traders but China's biggest Yuan devaluation in 9 months (since the August turmoil) seems to have stolen the jam out of the bull's donut as US equity futures extend losses, AsiaPac credit risk jumps, and USD strength is weighing on crude prices.
A Whistleblower Manifesto By Edward Snowden
Submitted by Tyler Durden on 05/03/2016 - 21:55 "Unrestrained power may be many things, but it’s not American. It is in this sense that the act of whistleblowing increasingly has become an act of political resistance. The whistleblower raises the alarm and lifts the lamp, inheriting the legacy of a line of Americans that begins with Paul Revere..."
Mapping The Most Dangerous Places To Live In The World
Submitted by Tyler Durden on 05/03/2016 - 21:25 Based on the world risk index, which takes into account not only the frequency of natural disasters in each country (known as exposure) but also how well equipped the country is to cope with and recover from the effects of a disaster, The Guardian reports Vanuatu is the riskiest country to live in, with natural disasters on average affecting more than a third of the population each year. If you want to be safe from natural disasters, move to Qatar (the lowest disaster risk country in the world)...
Ron Paul: "Our Economic System Is Designed To Fail"
Submitted by Tyler Durden on 05/03/2016 - 20:55 "I oppose today’s so-called capitalism. I don’t even like the world “capitalism,” I like “free markets.” But if you say “free markets” and “capitalism” together, we don’t have that. We have interventionism. We have a planned economy, we have a welfare state, we have inflationism, we have central economic planning by a central bank, we have a belief in deficit financing. It is so far removed from free-market capitalism that it’s foolish for people to label it free market and capitalize on this and say: “We know it’s so bad. What we need is socialism.” That is a problem."
The Hire That Could Be The Difference Between A Fed Rate Hike And BoJ Helicopter Money
Submitted by Tyler Durden on 05/03/2016 - 20:25 Back in March, Japan's Global Pension Investment Fund appointed Norihiro Takahashi as its new president. Few paid much attention to it, but it may very well end up being one of the most significant events that occurred as we look back in twelve to eighteen months.Massive Fire Burns At Gateway Town To Alberta's Oilsands; 30,000 Evacuated
Submitted by Tyler Durden on 05/03/2016 - 19:56
"I Don't Know How To Explain It" - Confused Clinton Can't Explain Own Comments To Coal-Miner
Submitted by Tyler Durden on 05/03/2016 - 19:30 Bo: "I just want to know how you can say you're going to put a lot of coal miners out of jobs, and then come in here and tell us how you're going to be our friend."Hillary: "I don't know how to explain it.."
It's About To Get Crazy Again - North Dakota Official Exalts Oil Boom "Is Coming Back With A Rush"
Submitted by Tyler Durden on 05/03/2016 - 19:30 Great News!! As OilJobFinder.com reports, North Dakota's top oil regulator sent out a message the other day to the leaders of Williston: Get Ready. "This is going to come back pretty hard and pretty rapidly," Helms said told members of Williston’s Chamber of Commerce. "And we'll be back running to stay ahead of it." You can smell the desperate hope in his rhetoric...
Dollar Doldrums To Continue As "Fantasy World Of Rate Normalization" Unwinds
Submitted by Tyler Durden on 05/03/2016 - 19:00 Despite today's jump in the USD index, the sharp dollar selloff trend remains even as U.S. rates have climbed and the commodity rally pauses. It’s logical to query if there is an end in sight for the rout. The short answer, according to Bloomberg's Mark Cudmore, is no. The dollar may be due a bounce, but that would likely mark a consolidation phase rather than a trend reversal.
'Kill! Kill! Kill! - How China Recruits For Its Massively Underpaid Army
Submitted by Tyler Durden on 05/03/2016 - 18:27 China's military is out with a new recruiting video, although it isn't what some may envision. The People's Liberation Army (incidentally the world's largest military force, with a strength of approximately 2,285,000 personnel, or 0.18% of China's population) released an online recruiting video, which however was anything but your average, army stock filler with a beating bass line or a cherubic choir in the background: it was just the testament to demonstrate China's militant yet "cultured uniqueness" as it sets off to dominates the world. In other words: a "culturally unique" rap video.
Ted Cruz Explodes In Epic Anti-Trump Rant: "He Is Utterly Amoral, Narcissist, Philandering, Pathological Liar"
Submitted by Tyler Durden on 05/03/2016 - 17:58 "I’m going to do something I haven’t done the entire campaign. I’m going to tell you what I really think of Donald Trump. This man is a pathological liar. He doesn't know the difference between truth and lies. He lies practically every word that comes out of his mouth. And in a pattern that I think is straight out of a psychology text book, his response is to accuse everybody else of lying."
Did The Bank Of Japan Just Step In To Sell Yen?
Submitted by Tyler Durden on 05/03/2016 - 17:45 Just another central bank intervention in what is now a daily occurrence?
by Jim Sinclair, via Silver Doctors:
I believe after careful consideration, we have found the structure and
method of winning in litigation against market manipulators. Billions of
dollars are a potential recovery in this never before applied legal
framework.
I offer you an important opportunity to join with me to address this problem in a never before used litigation approach…
I have been exploring and analyzing the present and proposed litigation of Gold and Silver Precious Metals (PMs). I have reached some conclusions and want to share my views and offer you an important opportunity to join with me to address this problem in a never before used litigation approach.
Read More
I believe after careful consideration, we have found the structure and
method of winning in litigation against market manipulators. Billions of
dollars are a potential recovery in this never before applied legal
framework.I offer you an important opportunity to join with me to address this problem in a never before used litigation approach…
I have been exploring and analyzing the present and proposed litigation of Gold and Silver Precious Metals (PMs). I have reached some conclusions and want to share my views and offer you an important opportunity to join with me to address this problem in a never before used litigation approach.
Read More
On April 21, Wall Street On Parade reported that the U.S. government
(also known as the U.S. taxpayer) was on the hook for potentially tens
of billions of dollars in derivative losses at Freddie Mac and Fannie
Mae – the two companies the government put under conservatorship during
the Wall Street financial collapse of 2008. (See related article below.)This morning, Freddie Mac is adding further angst to this potential derivatives blowup scenario by reporting that it lost $4.56 billion in its derivatives portfolio in just the first three months of this year – a stunning 90 percent increase over what it lost in derivatives in the first quarter of 2015. That brings its derivative losses for all of 2014, 2015 and the first quarter of 2016 to $15.54 billion. (See chart below.) This is certain to bring gasps from some members of Congress.
Read More
by Lauretta Brown, CNSnews:
The United States Commission on International Religious Freedom (USCIRF) released
their annual religious freedom report Monday and found that religious
freedom worldwide “has been under serious and sustained assault” since
their 2015 report.
“By any measure, religious freedom abroad has been under serious and sustained assault since the release of our commission’s last Annual Report in 2015,” the report said. “From the plight of new and longstanding prisoners of conscience, to the dramatic rise in the numbers of refugees and internally displaced persons, to the continued acts of bigotry against Jews and Muslims in Europe, and to the other abuses detailed in this report, there was no shortage of attendant suffering worldwide.”
“Regrettably the situation is that things have not improved and in some places things have gotten worse.” USCIRF Chairman Robert George told reporters in a conference call about the report on Monday. “At best in most of the countries we cover, religious freedom conditions have failed to improve in any serious or demonstrable way. At worst, they’ve spiraled downward.”
Read More
The United States Commission on International Religious Freedom (USCIRF) released
their annual religious freedom report Monday and found that religious
freedom worldwide “has been under serious and sustained assault” since
their 2015 report.“By any measure, religious freedom abroad has been under serious and sustained assault since the release of our commission’s last Annual Report in 2015,” the report said. “From the plight of new and longstanding prisoners of conscience, to the dramatic rise in the numbers of refugees and internally displaced persons, to the continued acts of bigotry against Jews and Muslims in Europe, and to the other abuses detailed in this report, there was no shortage of attendant suffering worldwide.”
“Regrettably the situation is that things have not improved and in some places things have gotten worse.” USCIRF Chairman Robert George told reporters in a conference call about the report on Monday. “At best in most of the countries we cover, religious freedom conditions have failed to improve in any serious or demonstrable way. At worst, they’ve spiraled downward.”
Read More
from ENE News:
NBC L.A., Apr 19, 2016 (emphasis added): Officials are investigating why sick sea lions are washing up onshore… The Laguna Beach Pacific Marine Mammal Center has an overflow of sea lions… The reason for the influx of sea lions remains a disappearing cold water food source… Another unusual phenomenon they are seeing: Elephant and harbor seals are coming into the centers in addition to California sea lions, and that is not typical.
NBC L.A. transcript, Apr 19, 2016: “Now, an alarming number of sea lions are washing upalong our local beaches… it is taking longer to rehabilitate these sick sea lions… Experts say [they are] taking longer to become healthier.”
Read More
NBC L.A., Apr 19, 2016 (emphasis added): Officials are investigating why sick sea lions are washing up onshore… The Laguna Beach Pacific Marine Mammal Center has an overflow of sea lions… The reason for the influx of sea lions remains a disappearing cold water food source… Another unusual phenomenon they are seeing: Elephant and harbor seals are coming into the centers in addition to California sea lions, and that is not typical.
NBC L.A. transcript, Apr 19, 2016: “Now, an alarming number of sea lions are washing upalong our local beaches… it is taking longer to rehabilitate these sick sea lions… Experts say [they are] taking longer to become healthier.”
Read More
by Matthew Leising, Yahoo News:
On
a recent Monday in April, more than 100 executives from some of the
world’s largest financial institutions gathered for a private meeting at
the Times Square office of Nasdaq Inc. They weren’t there to just talk
about blockchain, the new technology some predict will transform
finance, but to build and experiment with the software.
By
the end of the day, they had seen something revolutionary: U.S. dollars
transformed into pure digital assets, able to be used to execute and
settle a trade instantly. That’s the promise of a blockchain, where the
cumbersome and error-prone system that takes days to move money across
town or around the world is replaced with almost instant certainty. The
event was created by Chain ,
one of many startups trying to rewire the financial industry, with
representatives from Nasdaq, Citigroup Inc., Visa Inc., Fidelity, Fiserv
Inc., Pfizer Inc. and others in the room.
Read More
by Julie Wilson, Natural News:
Aerial spraying of pesticides to
kill mosquitoes, may be linked to an increase in autism spectrum
disorder and development delays in children, according to a study
presented at the Pediatric Academic Societies on Saturday, April 30.
While health authorities have increasingly encouraged pesticide spraying to combat mosquitoes carrying a birth defect-inducing virus, new research suggests that the chemical application may actually be causing birth defects.
Scientists reached their findings after they observed a 25 percent increase in autism and developmental disorders among children living in areas where aerial spraying for mosquitoes has been used since 2003, according to the study, titled “Aerial Pesticide Exposure Increases the Risk of Developmental Delay and Autism Spectrum Disorder.”
Read More
Aerial spraying of pesticides to
kill mosquitoes, may be linked to an increase in autism spectrum
disorder and development delays in children, according to a study
presented at the Pediatric Academic Societies on Saturday, April 30.While health authorities have increasingly encouraged pesticide spraying to combat mosquitoes carrying a birth defect-inducing virus, new research suggests that the chemical application may actually be causing birth defects.
Scientists reached their findings after they observed a 25 percent increase in autism and developmental disorders among children living in areas where aerial spraying for mosquitoes has been used since 2003, according to the study, titled “Aerial Pesticide Exposure Increases the Risk of Developmental Delay and Autism Spectrum Disorder.”
Read More
from Wolf Street:
“Fabled transition to a service economy? Forget it.
The export and manufacturing powerhouse of the world, the locomotive – along with the US – of the global economy, and an indicator of the global economy itself, disappointed economists once again. The operative word in the media today is “unexpectedly.”
China has been on an glorious debt-and-stimulus binge for the past few months. New corporate borrowing shot up to record levels as the People’s Bank of China opened all valves, and juice rushed through the state-owned megabanks to corporate borrowers and others all around.
In the first quarter, total debt ballooned by 6.2 trillion yuan (nearly $1 trillion), the largest quarterly jump ever, to a record 163 trillion yuan ($25 trillion), or 237% of GDP, up from 148% of GDP in 2007, according to some of the more benign estimates.
Read More
“Fabled transition to a service economy? Forget it.The export and manufacturing powerhouse of the world, the locomotive – along with the US – of the global economy, and an indicator of the global economy itself, disappointed economists once again. The operative word in the media today is “unexpectedly.”
China has been on an glorious debt-and-stimulus binge for the past few months. New corporate borrowing shot up to record levels as the People’s Bank of China opened all valves, and juice rushed through the state-owned megabanks to corporate borrowers and others all around.
In the first quarter, total debt ballooned by 6.2 trillion yuan (nearly $1 trillion), the largest quarterly jump ever, to a record 163 trillion yuan ($25 trillion), or 237% of GDP, up from 148% of GDP in 2007, according to some of the more benign estimates.
Read More
by Michael Snyder, End of the American Dream:
Is a great shaking about to hit America? Is 2016 going to turn out to be one of the major turning points in our history? On The Economic Collapse Blog and End Of The American Dream, I am constantly warning my readers about what is coming, but today I want to shift the focus to what other watchmen are telling us. And as you will see below, when I use the term “watchmen” I am also including women. All five of the individuals that I am featuring in this article are people that I highly respect, and all five of them have issued extremely ominous warnings about our future. So hopefully you are ready to receive what you are about to hear, because their messages are not to be taken lightly.
Read More
Is a great shaking about to hit America? Is 2016 going to turn out to be one of the major turning points in our history? On The Economic Collapse Blog and End Of The American Dream, I am constantly warning my readers about what is coming, but today I want to shift the focus to what other watchmen are telling us. And as you will see below, when I use the term “watchmen” I am also including women. All five of the individuals that I am featuring in this article are people that I highly respect, and all five of them have issued extremely ominous warnings about our future. So hopefully you are ready to receive what you are about to hear, because their messages are not to be taken lightly.
Read More
from GoldSeek:
Are Central Bankers delusional?
Over the weekend, Benoît Cœuré, Member of the Executive Board of the ECB, penned a piece defending the ECB’s policies from the criticism that NIRP hurts savers.
The first paragraph reveals, quite clearly, just how lost the ECB is regarding the efficacy of its policies.
Is the ECB stubborn because we are adhering to our monetary policy despite strong criticism? No. We are complying with a precise task that was conferred on us. The EU treaties gave the ECB a narrow price stability mandate. In 2003 the ECB’s Governing Council clarified that euro area inflation should be below, but close to, 2% over the medium term.
Read More
Are Central Bankers delusional?
Over the weekend, Benoît Cœuré, Member of the Executive Board of the ECB, penned a piece defending the ECB’s policies from the criticism that NIRP hurts savers.
The first paragraph reveals, quite clearly, just how lost the ECB is regarding the efficacy of its policies.
Is the ECB stubborn because we are adhering to our monetary policy despite strong criticism? No. We are complying with a precise task that was conferred on us. The EU treaties gave the ECB a narrow price stability mandate. In 2003 the ECB’s Governing Council clarified that euro area inflation should be below, but close to, 2% over the medium term.
Read More
by Charles Hugh Smith, Of Two Minds:
Every perverse incentive is the cash cow for a vested interest or cartel.
I hope it’s not a great shock to discover all the incentives in our status quo are perverse: those who rig the financial system while creating zero real value, jobs, goods or services reap all the big profits; those who take near-zero responsibility for their own health are subsidized by those who take responsibility for their own health; those who try to start enterprises and hire workers are saddled with endless regulations, junk fees and taxes while those who game the system to get welfare (household or corporate) skim the cream for doing nothing for their community or for the nation.
Read More…
Every perverse incentive is the cash cow for a vested interest or cartel.
I hope it’s not a great shock to discover all the incentives in our status quo are perverse: those who rig the financial system while creating zero real value, jobs, goods or services reap all the big profits; those who take near-zero responsibility for their own health are subsidized by those who take responsibility for their own health; those who try to start enterprises and hire workers are saddled with endless regulations, junk fees and taxes while those who game the system to get welfare (household or corporate) skim the cream for doing nothing for their community or for the nation.
Read More…
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