Submitted by Tyler Durden on 05/05/2016 - 19:50
Does the deployment of helicopter money not entail some meaningful risk of the loss of confidence in a currency that is, after all, undefined, uncollateralized and infinitely replicable at exactly zero cost? Might trust be shattered by the visible act of infusing the government with invisible monetary pixels and by the subsequent exchange of those images for real goods and services? To us, it is the great question. Pondering it, as we say, we are bearish on the money of overextended governments. We are bullish on the alternatives enumerated in the Periodic table. It would be nice to know when the rest of the world will come around to the gold-friendly view that central bankers have lost their marbles. We have no such timetable. The road to confetti is long and winding.
How Jeff Gundlach Is Preparing For A Trump Presidency
Submitted by Tyler Durden on 05/05/2016 - 20:20 How is Gundlach preparing and trading in advance "Trump presidency"? "Look at arms manufacturers, said Gundlach. He would avoid companies that are susceptible to global trade slowdowns, particularly those related to Mexico and China.... As he gets the nomination, the markets and investors are going to worry about it more. You will see a downgrading of global growth based on geopolitical risks. You must factor this into your risk-management."
Larry Lindsey Warns "Nothing Will Change Until The System Collapses Under Its Own Weight"
Submitted by Tyler Durden on 05/05/2016 - 17:30 "... there is nothing new under the sun that shines in the Policy Activists' Universe. Negative interest rates sound new and 'unconventional,' but they are nothing more than an extension of this nostrum. Undertaken in the name of promoting inflation, they are really nothing more than taxation of (and ultimately confiscation of) liquid wealth. They are 'unconventional' only in the context that as time goes on, the policies of state acquisition of wealth must become ever more creative...the growth of societies trying these schemes diminishes. Long-term capital moves from growth-enhancing productive investment, which dries up as it increasingly gets channeled into the hands of the state. The fibers of the economic morality that drive growth get frayed..."
Lawmakers To Obama: Don't Supply Syrian Rebels With Stingers
Submitted by Tyler Durden on 05/05/2016 - 22:50 More than two dozen U.S. lawmakers are urging President Barack Obama to refrain from supplying Syrian rebels with American-made shoulder-fired surface-to-air missiles... “While we may have differing perspectives regarding the appropriate US response to the horrific violence in Syria, we agree that MANPADS would only lead to more violence, not only in Syria, but potentially around the world...”
The Number Of Americans Renouncing Citizenship Just Keeps Going Up
Submitted by Tyler Durden on 05/05/2016 - 22:20 Today the IRS published the latest figures on renunciation, showing that yet another 1,158 Americans have renounced their citizenship in the first quarter of 2016. While this may not be setting a record for a single quarter, the trend is quite clear.
Deep State Democrats & The Donald - Ron Paul Destroys The 2-Party System Myth
Submitted by Tyler Durden on 05/05/2016 - 21:50 “I’ve never bought into this idea that the lesser of two evils is a good idea.”
Churn, Baby, Churn - The China Commodity Bubble Exposed In 1 Simple Chart
Submitted by Tyler Durden on 05/05/2016 - 21:20 The frenzied trading that smashed Chinese commodity markets through the roof in the last month has begun to unfurl rapidly as authorities crackdown on the speculative fever and force exchanges to curve excess 'churn'. Of course, there are still some who cling to the belief that any of this was 'real' demand, real buying, and real economic growth (just don't look at The Baltic Dry in the last few days) but, as Bloomberg reports, it was nothing but "churn baby churn" as trading volume exploded but open-interest remained flat.
FBI Interviews Clinton's Top Personal Aide As Email Investigation Heats Up
Submitted by Tyler Durden on 05/05/2016 - 19:35 As we reported yesterday, just when Hillary thought the email scandal was behind her, and she could shift her focus to the newly minted GOP presidential nominee Donald Trump, an order by Judge Emmet Sullivan of the U.S. District Court decided to lay out ground rules for interviewing multiple State Department employees. One key name in the order was longtime Clinton personal aide Huma Abedin, who as The Hill reports, was indeed interviewed today by the FBI, along with other top aides, some multiple times.Would you expect anything less from "MEATHEAD"...The writers for "All in the family" had this 2 bit douche bags number back in the 70"s...
Rob Reiner (aka Meathead) Explains Why Millions Of Americans Support Trump: "They're All Racist"
When asked to explain why "million and milions of people listen to what trump says and voted for him," infamously liberal director Rob Reiner replied "There are a lot of people who are racist..." ... And scene.
Trump Picks Former Goldman Partner And Soros Employee As Finance Chairman
Submitted by Tyler Durden on 05/05/2016 - 17:35 In an oddly ironic twist, today Donald Trump announced that he has picked as chairman of his newly launched fundraising operation none other than a former employee of the bank he has repeatedly criticized in the past, and which he used as a foil to criticize Ted Cruz: Goldman Sachs. In addition to Goldman, Mnuchin also worked for Soros previously. Where it gets even more ironic is that Mnuchin has donated frequently to Democrats, including to Clinton and Barack Obama.
All over the United States, school districts have been implementing
biometric identification technology for the purpose of allowing students
to purchase lunch with no cash or card, and to track them getting on and off the school bus.This technology has many worried that school districts are going to far with collecting personal information on students and are putting their privacy at risk.
In Illinois, the Geneva Unit District 304 has recently installed a biometric scanner in their cafeterias that will take students’ thumbprints for lunch purchases.
Read More
Caught On Tape: 100s Of M1 Abrams Tanks Roll Through Houston, TX
Submitted by Tyler Durden on 05/05/2016 - 16:25 Just days after we exposed Texas police planning for riots and conducting mass arrest drills, the site of hundreds of M1 Abrams battle-tanks rolling on a train through Houston raised more than a few eyebrows...
Remember That "Taxation Without Representation" Thing? It's Happening Again
Submitted by Tyler Durden on 05/05/2016 - 18:50 Everybody remembers learning about one of the central rallying cries of the American Revolution: “No taxation without representation!” Yes, the settlers in early America thought the idea of being forced to pay taxes without having a say in the decision-making of their overlords was very problematic. Fortunately for modern-day Americans, the founding fathers fixed that problem after they kicked the crown to the curb... except they didn’t.
Trump Says If Economy Crashes "Can Make A Deal", "Will Renegotiate Debt"
Submitted by Tyler Durden on 05/05/2016 - 18:20 Calling himself 'the king of debt' in his business dealings, Donald Trump warned correctly this morning that the national debt would be troublesome if the cost of borrowing increases, asking rhetorically, "we're paying a very low interest rate. What happens if that interest rate goes up 2, 3, 4 points? ...We don't have a country." The U.S. should "renegotiate longer-term debt," he added rather shockingly to the CNBC anchors, and with the recent surge in US Treasury default risk (now at 3-month highs), it appears the market is growing more nervous also.
An Open Letter To Those Disappointed By 'Both' US Presidential Candidates
Submitted by Tyler Durden on 05/05/2016 - 17:30 If you are one of those rare souls who genuinely believe Hillary Clinton and Donald Trump are honorable people – if they are the role models you want for your kids – then this letter is not for you...
Speaker Ryan Ditches Donald: "Just Not Ready To Support Trump"
Submitted by Tyler Durden on 05/05/2016 - 16:43 “At this point I’m not ready to jump in, but I hope we can get there."Sinko Day Stocko - Crude Pump'n'Dump Leads Trannie Slump
Submitted by Tyler Durden on 05/05/2016 - 16:03
Warning Signs
Submitted by Tyler Durden on 05/05/2016 - 15:55 Rising wages and employment costs (benefits, healthcare, etc.) are a direct input into the profitability equation. Therefore, as the economy slows and other cost-cutting measures, accounting gimmicks and share buybacks lose their ability to increase bottom line profitability, it is only a function of time before the focus returns to the cost of labor. With corporate profitability currently under pressure, overall economic activity weak and global conditions deteriorating, just how long can companies sustain employment and wage growth? The answer is not long.
Will Turkey Become An "Islamic State"?
Submitted by Tyler Durden on 05/05/2016 - 20:50 As we recently hinted, concerns are mounting that Turkey is headed toward Shariah law implementation as the Presidency is consolidated, and particularly given Parliament Speaker Ismail Kahraman’s comments that secularism should be taken out of Turkey’s new constitution last week, moving it instead to a "religious constitution."
from Dollar Collapse:
China’s most recent borrowing binge didn’t work, while Japanese and European negative interest rates sent their currencies up rather than down. The result: Global growth is slowing and governments are panicking. Look for fiscal stimulus to pick up the slack in the year ahead — that is, bigger deficits, more government borrowing and maybe even the fabled debt jubilee. Precious metals love this kind of thing, so after the coming correction, look out.
Click HERE to Listen
China’s most recent borrowing binge didn’t work, while Japanese and European negative interest rates sent their currencies up rather than down. The result: Global growth is slowing and governments are panicking. Look for fiscal stimulus to pick up the slack in the year ahead — that is, bigger deficits, more government borrowing and maybe even the fabled debt jubilee. Precious metals love this kind of thing, so after the coming correction, look out.
Click HERE to Listen
from Zen Gardner:
People in the modern world are quite literally waking up in droves and it’s really no surprise. For many it comes as a slow or perhaps even a sudden realization that something is terribly wrong. And it soon becomes apparent what the problem is.
In the world we now see before us in 2016, western governments have ceased even pretending they actually care what the people want or think or that they are going to bother even being nice anymore. In “response” to the recent events in Paris and Brussels, governments around the world have seized upon the opportunity to ramp the police state up at home as much as they can get away with.
Read More…
People in the modern world are quite literally waking up in droves and it’s really no surprise. For many it comes as a slow or perhaps even a sudden realization that something is terribly wrong. And it soon becomes apparent what the problem is.
In the world we now see before us in 2016, western governments have ceased even pretending they actually care what the people want or think or that they are going to bother even being nice anymore. In “response” to the recent events in Paris and Brussels, governments around the world have seized upon the opportunity to ramp the police state up at home as much as they can get away with.
Read More…
from Wolf Street:
Please remember this warning when you go to the ATM to get cash — and there is none.
While we were thinking about what was really going on with today’s strange new money system, a startling thought occurred to us. Our financial system could take a surprising and catastrophic twist that almost nobody imagines, let alone anticipates.
Do you remember when a lethal tsunami hit the beaches of Southeast Asia, killing thousands of people and causing billions of dollars of damage? Well, just before the 80-foot wall of water slammed into the coast an odd thing happened: The water disappeared.
Read More
Please remember this warning when you go to the ATM to get cash — and there is none.
While we were thinking about what was really going on with today’s strange new money system, a startling thought occurred to us. Our financial system could take a surprising and catastrophic twist that almost nobody imagines, let alone anticipates.
Do you remember when a lethal tsunami hit the beaches of Southeast Asia, killing thousands of people and causing billions of dollars of damage? Well, just before the 80-foot wall of water slammed into the coast an odd thing happened: The water disappeared.
Read More
by Isabelle Z., Natural News:
We’ve
all heard the horror stories of people suffering injury and even death
from the flu shot. Now, to add insult to injury, the CDC has admitted
that the flu shot does not prevent the flu in most cases. A statement taken directly from the CDC’s website reads:
“While vaccine effectiveness can vary, recent studies show vaccine reduces the risk of flu illness by about 50% to 60% among the overall population during seasons when most circulating flu viruses are like the vaccine viruses.”
There is a lot of disturbing information packed into that sentence. First of all, vaccines only reduce the risk of flu illness by 50 to 60 percent in the overall population? What about those who need it most: the immune-compromised and the elderly?
Read More
We’ve
all heard the horror stories of people suffering injury and even death
from the flu shot. Now, to add insult to injury, the CDC has admitted
that the flu shot does not prevent the flu in most cases. A statement taken directly from the CDC’s website reads:“While vaccine effectiveness can vary, recent studies show vaccine reduces the risk of flu illness by about 50% to 60% among the overall population during seasons when most circulating flu viruses are like the vaccine viruses.”
There is a lot of disturbing information packed into that sentence. First of all, vaccines only reduce the risk of flu illness by 50 to 60 percent in the overall population? What about those who need it most: the immune-compromised and the elderly?
Read More
by Andy Hoffman, Miles Franklin:
It’s Thursday – and arrogant though it seems, I cannot wait for tomorrow’s NFP “employment” report. For the 14 years I have been fully invested in Precious Metals, this increasingly fraudulent report – more so, with each passing month of the U.S. empires’ demise – has been a “key attack event” for Precious Metals; a “key support event” for financial assets; and a rallying cry for Washington, Wall Street, and MSM propagandists alike.
However, the rubber is about to hit the road, as the propaganda “can” has been kicked to the wall, with not an inch to progress. Regarding the “nuts and bolts” of the dying American economy’s – the manufacturing sector that is permanently dead and buried – thispicture, of 300 idled Union Pacific locomotives in the Arizona desert, tells you all you need to know. As, care of collapsing economic activity – U.S. rail freight is down 12% from a year ago, whilst durable goods and factory orders have declined for 14 and 17 straight months, respectively. Thus, particularly in light of the massive overcapacity financed by six years of zero cost “money,” the trend of expanding layoffs will unquestionably continue, ad infinitum.
Read More
It’s Thursday – and arrogant though it seems, I cannot wait for tomorrow’s NFP “employment” report. For the 14 years I have been fully invested in Precious Metals, this increasingly fraudulent report – more so, with each passing month of the U.S. empires’ demise – has been a “key attack event” for Precious Metals; a “key support event” for financial assets; and a rallying cry for Washington, Wall Street, and MSM propagandists alike.
However, the rubber is about to hit the road, as the propaganda “can” has been kicked to the wall, with not an inch to progress. Regarding the “nuts and bolts” of the dying American economy’s – the manufacturing sector that is permanently dead and buried – thispicture, of 300 idled Union Pacific locomotives in the Arizona desert, tells you all you need to know. As, care of collapsing economic activity – U.S. rail freight is down 12% from a year ago, whilst durable goods and factory orders have declined for 14 and 17 straight months, respectively. Thus, particularly in light of the massive overcapacity financed by six years of zero cost “money,” the trend of expanding layoffs will unquestionably continue, ad infinitum.
Read More
from Smaulgld:
Executive Order 6814 is not a fictional future act of government, like the passing of the 211th, 212th and 213th Amendments to the Constitution, but an actual Presidential Order by Franklin Delano Roosevelt in 1934.
The order dated August 9, 1934, was entitled Executive Order 6814 Requiring the Delivery of All Silver to the United States for Coinage and required all persons to deliver silver to the U.S government pursuant to the Silver Purchase Act of 1934, subject to certain exemptions.
Read More
/Executive Order 6814 is not a fictional future act of government, like the passing of the 211th, 212th and 213th Amendments to the Constitution, but an actual Presidential Order by Franklin Delano Roosevelt in 1934.
The order dated August 9, 1934, was entitled Executive Order 6814 Requiring the Delivery of All Silver to the United States for Coinage and required all persons to deliver silver to the U.S government pursuant to the Silver Purchase Act of 1934, subject to certain exemptions.
Read More
by Melissa Dykes, The Daily Sheeple:
When 13-year-old eighth grader Danesiah Neal attempted to pay for her
lunch at Christa McAuliffe Middle School in Houston, Texas, the lunch
lady called the cops on her.
Why?
Because she dared to use a $2 bill.
(Insert gasping and panic here.)
Via ABC News 13:
When 13-year-old eighth grader Danesiah Neal attempted to pay for her
lunch at Christa McAuliffe Middle School in Houston, Texas, the lunch
lady called the cops on her.Why?
Because she dared to use a $2 bill.
(Insert gasping and panic here.)
Via ABC News 13:
“I went to the lunch line and they said my $2 bill was fake,” Danesiah told Ted Oberg Investigates. “They gave it to the police. Then they sent me to the police office. A police officer said I could be in big trouble.”Read More
Not just big trouble. Third-degree felony trouble.
And that’s just one of eight counterfeiting charges investigated against high- and middle-school students at Fort Bend ISD since the 2013-2014 school year.
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