Here Come A Lot Of Angry Teamsters: One Of America's Largest Pension Funds Demands A Taxpayer Bailout

Submitted by Tyler Durden on 05/12/2016 - 22:27




Your Future...

Raw Venezuela: Looter Burned Alive, While "Streets Filled With People Killing Animals For Food"

Submitted by Tyler Durden on 05/12/2016 - 15:55 The situation in Venezuela is reaching all out chaos, as crippling socialist policies have resulted in a devastating power and food shortage, as well as looming political instability...

Banned in Hollywood: This Film Dares to Show Martial Law and Civil War Coming to America

by Mac Slavo, SHTFPlan:

Every summer, Hollywood seems to release another batch of disaster and hero films full of action and end of the world scenarios.
But this film hits much closer to home. It’s the scenario that could happen here, but Hollywood won’t dare to get behind. Nevertheless, it is coming to (select) theaters.
Director Mike Norris, son of Chuck Norris, is bringing a drama to screen ripped from the headlines of America’s real-life looming catastrophes.
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"Screw The Next Generation" Anonymous Congressman Admits To "Blithely Mortgaging The Future With A Wink & A Nod"

Submitted by Tyler Durden on 05/12/2016 - 21:15 "My main job is to keep my job, to get reelected. It takes precedence over everything...Voters are incredibly ignorant and know little about our form of government and how it works... It's far easier than you think to manipulate a nation of naive, self-absorbed sheep who crave instant gratification..."

FBI Head: Hillary Email Case Is An Investigation, Not A ‘Security Review’

“We’re conducting an investigation … That’s what we do.”
by Steve Watson, Infowars:
While Hillary Clinton has consistently denied that she is under ‘investigation’ over the email scandal, the head of the FBI has made it abundantly clear that she most certainly is.
Clinton and her aides have attempted over and over again to downplay the case as a ‘security review’ or some routine check being conducted by the Bureau.
However, FBI Director James Comey told reporters that Hillary’s wording is completely inaccurate.
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Washington's Military Addiction (And The Ruins Still To Come)

Submitted by Tyler Durden on 05/12/2016 - 22:55 In a Washington that seems incapable of doing anything but worshiping at the temple of the U.S. military, global policymaking has become a remarkably mindless military-first process of repetition.  It’s as if, as problems built up in your life, you looked in the closet marked “solutions” and the only thing you could ever see was one hulking, over-armed soldier, whom you obsessively let loose, causing yet more damage. But don’t bother to blame the politicians and national security nabobs in Washington for this.  They’re addicts.  They can’t help themselves.  What they need is rehab.  Instead, they continue to run our world.  Be suitably scared for the ruins still to come.

OPEC Politics: Russian King, Iranian Crown Prince?

Submitted by Tyler Durden on 05/12/2016 - 22:05 Another month, another OPEC meeting beckons for 2^nd June. But unlike typical meetings on the Danube (let alone dust filled haze of Doha), the producer group might just have a new King in town. It comes in the form of Russia; the number one global producer that’s not even technically a member of the cartel. Confused? Don’t be. The argument is quite simple.

Fed Nemesis & Mysterious Treasury Bond Buyer Exposed

Submitted by Tyler Durden on 05/12/2016 - 21:40 The monotonous drone from The Eccles Building continues to pontificate that bond bulls are fools but stock buyers are the smart ones for the miracle hockey-stick of Keynesian dreams is just around the corner and rate-hikes right along with it. Three decades of factual dismissal of this bullshit propaganda are of course proving that line of reasoning simply false and while Rosengren, Bullard, et al. bloviate that 'investors' should be selling bonds, it is shockingly ironic that their bond-buying nemesis is Mrs. Watanabe in the land of failed Keynesian policy piling into Treasuries at a record pace since The BoJ went NIRP.

"What Could Have Possibly Raised Your Costs" - Hillary Can't Answer Why Obamacare Costs Are Soaring

Submitted by Tyler Durden on 05/12/2016 - 21:10 Hillary Clinton's strategy to get in front of voters and answer one-on-one type questions is not working out very well. First, Clinton couldn't explain to an unemployed West Virginian why she was promising to put a lot of coal miners out of work. Now, Hillary can't explain why Obamacare fees are higher than promised, and are set to explode even higher next year.

Socialism Is An Immoral System

Submitted by Tyler Durden on 05/12/2016 - 20:50 The American economic system, and in fact the world’s economic system is failing, and that failure is being attributed by many on the left (and some on the right) as a failure of capitalism. This false notion has given rise to Bernie Sanders and his preaching of social democracy. How has this happened?

Is Glencore Manipulating The Price Of Oil: Swiss Trader Holds Over 30% Of June Brent Supply

Submitted by Tyler Durden on 05/12/2016 - 20:43 One particular energy trader - a name well-known to Zero Hedge readers - Glencore, has built up a massive inventory stake in the Brent market where it now holds an unprecedented 30% position in Brent, which it is holding for offshore storage in its tankers in hopes of pushing the price of Brent, and thus the entire energy complex higher, by limiting supply.

Milton Berg: "We Are On The Cusp Of A 30 Year Bear Market"

Submitted by Tyler Durden on 05/12/2016 - 20:39 "I think we're at the cusp of a bear market in both stocks and bonds that will last up to thirty years. This is on a real basis, not on a nominal basis, inflation adjusted basis."

The Biggest Source Of Global Growth In 2016 Is About To Hit A Brick Wall

Submitted by Tyler Durden on 05/12/2016 - 20:31 After issuing a record $1 trillion in combined bank and shadow loans in the first quarter which just like during the financial crisis provided a short-term catalyst for global growth (and sent China's debt/GDP to new all time highs) China's dramatic debt issuance binge is about to hit a brick wall. The reason: combined new loans in April by the Big Four state-owned banks were more than halved from March's level.

Additional Evidence Emerges That US Officials Intentionally Whitewashed Saudi Role In 9/11

Submitted by Tyler Durden on 05/12/2016 - 20:00 It’s impossible to read the below and not conclude that senior U.S. government officials were, and continue to be, more interested in protecting their Saudi “allies” than providing justice for the thousands of innocents killed on 9/11. It should make everyone infinitely more distrustful of our crooked government. If that’s all the “28 pages” drama achieves, we’d call that a success.

Humpty Trumpty

Submitted by Tyler Durden on 05/12/2016 - 19:35 There's no putting this back together again...

How Locals Brilliantly Turned Fog Into Beer In the World’s Driest Desert

by Christina Sarich, Underground Reporter:
Fog collection for a small brewery in the middle of Chile’s Atacama Desert may provide more than just a frosty, tall glass of locally sourced beer to residents in the Coquimbo region, where water is as valuable as gold.  Researchers have placed huge canvas nets across the landscape in order to collect a wall of dense fog that comes in from the Pacific Coast for a multitude of purposes — including possibly providing water to residents in a place that is described as ‘aggressively inhospitable.’
The Atacama is known as the driest place on earth. If water can be harvested there, it could literally be harvested anywhere.
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Declassified “Skull and Bones” Records from George W. Bush White House Set for Public Release

by Jay Syrmopoulos, Activist Post:
One of the most infamous secret societies in America, Yale University’s Skull and Bones Society, may be a little less secret come July, as the national archives is scheduled to publicly release 1,650 pages of records from the President George W. Bush-era.
The National Archives, which oversees White House records held at the George W. Bush Presidential Library in Dallas, Texas, reportedly received a request on April 15 for materials specific to George W. Bush’s presidency under the Freedom of Information Act.
The request specifically sought the public release of records containing 8,072 pages, 3,159 assets (such as presidential memoranda – cards, letters, etc.), and one video clip, according to the National Archives.
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Team Obama Boasts of ‘Ventriloquizing’ the Press

by L. Brent Bozell III and Tim Graham, CNSnews:
President Obama’s political appointees are not only celebrated by the media as the best and brightest America has to offer; they are promoted as being so bright that they are allowed to boast about how they masterfully manipulate the press, like sculpting a can of smelly, journalistic Play-Doh.
The New York Times Magazine wrote a long profile of Obama’s deputy national security advisor for strategic communications — his foreign-policy communications whiz — Ben Rhodes, lauded as “the master shaper and retailer of Obama’s foreign-policy narratives, at a time when the killer wave of social media has washed away the sand castles of the traditional press.”
Don’t blame social media for the traditional media’s adoration of Obama. “Rhodes has become adept at ventriloquizing many people at once,” wrote David Samuels for the Times.
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Tons of New Apartments Are Hitting The Market, But They’re Clustered at The High End

Amy Hoak, Market Watch:
If there’s a new apartment building going up in your neighborhood, chances are you can’t afford to live there.
Much of the new rental apartment stock that hit the market last year was of the high-end, luxury variety — and that trend doesn’t appear to be slowing down, according to a new report.
In 2015, 75% of large, multifamily rental developments completed were classified as high-end, according to a report from RENTCafé, a national apartment search website. The ratio of luxury apartments to total apartments was up 63% from 2012. Data used for the report came from the Yardi Matrix database, RENTCafé’s sister company that specializes in apartment market research. The large developments studied contained 50 apartment units or more.
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Beware of the Chaos of Helicopter Money

from The Daily Bell:

Indian central bank governor says helicopter money no panacea … Indian Central Bank Governor Raghuram Rajan said on Tuesday that he had doubts “helicopter money”, or free cash given directly to citizens to stimulate growth, would be successful if adopted by developed world policymakers. -Reuters
Raghuram Rajan has come out against helicopter money and this is probably to be expected from India’s version of US central banker Paul Volcker.
Both men hiked interest rates hard to halt rapid price inflation. In Rajan’s case, the rupee was depreciating at 10 percent per year.
Now the rupee has stabilized and Rajan gets credit for monetary success and for working closely with India’s Ministry of Finance.
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