Puerto Rico Says Will Default Tomorrow, Begs Congress For Help "Or Else Crisis Will Get Worse"

Submitted by Tyler Durden on 05/01/2016 - 17:10
Update: PR Governor Padilla has spoken...*PUERTO RICO GOVERNOR SAYS WON'T PAY DEBT TOMORROW, CALLS ON U.S. CONGRESS, PAUL RYAN FOR HELP, CRISIS WILL GET WORSE IF U.S. CONGRESS DOESN'T HELP

Seymour Hersh Says Hillary Approved Sending Libya's Sarin To Syrian Rebels

Submitted by Tyler Durden on 05/01/2016 - 22:00 Seymour Hersh has reported that the Obama Administration falsely blamed the government of Syria’s Bashar al-Assad for the sarin gas attack that Obama was trying to use as an excuse to invade Syria, exposing that a secret agreement in 2012 was reached between the Obama Administration and the leaders of Turkey, Saudi Arabia, and Qatar, to set up a sarin gas attack and blame it on Assad so that the US could invade and overthrow Assad. Notably, multiple reports suggest the US Consulate in Benghazi Libya was operating a "rat line" for Gaddafi’s captured weapons into Syria through Turkey; and now, for the first time, Hersh has implicated Hillary Clinton directly in this "rat line."

British "Spies" Among Thousands Of names Exposed Following Massive Leak At Largest Mid-East Bank

Submitted by Tyler Durden on 05/01/2016 - 21:33 The latest mega data leak which hit the Qatar NationL Bank last week contains hundreds of thousands of records including customer transaction logs, personal identification numbers and credit card data. Additionally, dozens of separate folders consist of information on everything from Al Jazeera journalists to what appears to be the Al-Thani Qatar Royal Family and even contains a slew of records listed as Ministry of Defence, MI6 (the UK foreign intelligence service) and Qatar's State Security Bureau, also known as "Mukhabarat".

Deutsche Bank Has Systemic Money Laundering, Terrorist Financing And Sanctions Problems: UK Regulator

Submitted by Tyler Durden on 05/01/2016 - 20:01 "Our overall conclusion was that Deutsche Bank UK had serious AML (anti-money laundering), terrorist financing and sanctions failings which were systemic in nature," the FCA said in a recent letter. Deutsche Bank's response? To fire the man it tasked with enforcing "business ethics."

Schwab Is Forcing Cash Out Of Money Market Funds And Into Treasuries

Submitted by Tyler Durden on 05/01/2016 - 18:03

Why So Worried?

What a bunch of worry warts...

You're Next!

...and now the fun really begins...

Iraqi Oil & The 'Strange' Death of Mr. Abadi

Submitted by Tyler Durden on 05/01/2016 - 20:20 From here, we expect Abadi to face more calls to resign to pave the way for fresh elections. On balance, those calls will be narrowly dismissed, not because Abadi has any political capital left to appoint a new cabinet, but because a dearth of consensus over who’d replace him. Iran is more than happy to keep Abadi in post to bring Iraq to its knees, while the US won’t want the horrifying nightmare of orchestrating an Iraqi election before US Presidential elections are out the way. Fall short on the 2018 dates, and you’ll merely highlight the ingrained presence ISIS still has in Iraq, amid inexorable state collapse.

"Get Out Traitor" - German Justice Minister Flees In Armored Mercedes After Angry Protesters Boo Him Offstage

Submitted by Tyler Durden on 05/01/2016 - 19:40 Heiko Maas, the German Minister of Justice, was unable to finish his Labor Day celebration speech on the 1st of May as he was loudly booed and chased off the stage by the German people. The people repeatedly shouted "Traitor", "Leftist Rat", "Get out!", "We are the People" and "Maas must go!", eventually getting him to cancel his speech and flee to his armored Mercedes escorted by his armed bodyguards.

Why Socialism Will Always Fail

Submitted by Tyler Durden on 05/01/2016 - 19:30 The paradox of "planning" is that it cannot plan, because of the absence of economic calculation. What is called a planned economy is no economy at all. It is just a system of groping about in the dark. There is no question of a rational choice of means for the best possible attainment of the ultimate ends sought. What is called conscious planning is precisely the elimination of conscious purposive action.

Two Americas - One Photo

Submitted by Tyler Durden on 05/01/2016 - 19:05 Presented with no comment...

NATO Deploys 4000 Troops To Russian Border As EUCOM Chief Urges "Return To War-Planning"

Submitted by Tyler Durden on 05/01/2016 - 18:40 With anti-establishmentarians on the rise in the US, it appears the neocons and their NATO proxy aren't wasting any time and are stepping up not just the words, but their deeds, against a so-called "resurgent Russia." NATO's European Command (EUCOM) "needs to change," blasts General Philip Breedlove, urging the military to get back to the business of war planning, a skill lost during the post-Cold War era saying his objective is to send a signal of deterrence to Russia. That signal was heard loud and clear as NATO is deploying an additional four battalions of 4,000 troops to the Russian border in Poland and the three Baltic States, according to a report citing US Deputy Secretary of Defense Robert Work.

Was The Fed Just Given The Launch Codes?

Submitted by Tyler Durden on 05/01/2016 - 18:15 In light of what has taken place right before, during, and since The Fed's "emergency meetings" and Obama's chit-chat with Yellen; along with what has recently been released for public consumption (and especially by other governments and officials) capped off with the sudden declaration via Treasury of "currency manipulation warnings" - Is it really that much of a stretch to think that just one wrong move whether intentional or not – can set everything we’ve come to know as “business” into complete and utter disarray? If not worse? As in much worse?

Leaked Docs Reveal TTIP Trade Deal In Jeopardy As "Irreconcilable Differences" Emerge

Submitted by Tyler Durden on 05/01/2016 - 17:48 According to leaked negotiating drafts and internal positions, which were obtained by Greenpeace and seen by the Guardian, it seems the stumbling blocks ahead of the TTIP's implementation are indeed substantial, and potentially dealbreaking. As the Guardian reports, talks for a free trade deal between Europe and the US face a serious impasse with "irreconcilable" differences in some areas.  The leaked texts also show that the two sides are at odds "over US demands that would require the EU to break promises it has made on environmental protection."

With A Double Digit Lead In Indiana Polls, Trump Calls The Race: "It's Over, Cruz Can Not Win"

Submitted by Tyler Durden on 05/01/2016 - 16:55 Ahead of the Indiana primary on Tuesday, Donald Trump holds a 15 point lead in the polls according to the Wall Street Journal, and it is starting to become inevitable (at least for those not named Cruz and Kasich) that The Donald will be the Republican's choice to run against Hillary in the fall.

Climate change may not lead to more floods and droughts after all … 1200 years of data contradict global warming scare stories

by J. D. Heyes, Natural News:
Climate alarmists on the Left don’t want to hear it, and in fact want to punish – like, with fines and jail terms – anyone who disagrees with their claim that the world is burning up and your SUV is to blame. But in fact, some scientists are now claiming that their global warming modeling may have been all wrong.
Not that that should surprise us. A distinctly non-climatologist who has made tens of millions off “global warming” – former Vice President Al Gore – warned the world in 2008 that due to climate change, if we didn’t “do something” (which means high carbon taxes and reverting our technology and lifestyles back to the 1700s) by 2012, it would all be over.
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FOMC Boosts Precious Metal Prices

by Kelly-Ann Kearsy, Gold Money:

This week, clients have been net buying gold, silver, and palladium.
Wednesday’s FOMC release seemed to spark more buying acitivity from our clients as they took advantage of the lower pricing in advance of the FOMC statement. Clients have also been net selling their platinum positions to take advantage of the current platinum price which has risen to over USD1,030/oz this week.
GoldMoney’s clients have been in favour of the Hong Kong, Swiss, and Singapore vaults this week with more or less preference being shown toward the London and Canadian vaults.
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Goldman Sachs “Bail-in” Plot Designed to Steal Your Bank Account

by Dave Hodges, The Common Sense Show:

Bail-outs, Bail-ins, the average consumer has trouble keeping these terms and their meanings straight. Both terms are relatively new on the American economic scene.  Here is what these terms mean:
“A bail-out is when outside investors rescue a borrower by injecting money to help service a debt. Bail-outs of failing banks in Greece, Portugal and Iceland were primarily financed by taxpayers”.
…a bail-in occurs when the borrower’s creditors are forced to bear some of the burden by having a portion of their debt written off. For example, bondholders in Cyprus banks and depositors with more than 100,000 euros in their accounts were forced to write-off a portion of their holdings.
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