In Venezuela, it is a “painful reality” that people “hunt cats, dogs and pigeons” to ease their hunger.”
from Zero Hedge:
Over the last several years we have documented with clockwork
regularity Venezuela’s collapse into failed state status, which was
cemented several weeks ago when news hit that “Venezuela had officially
run out of money to print new money.”
At that point the best one could do was merely to step back and watch as local society and civilization turned on itself, unleashing what would ultimately turn into Venezuela’s own, sad apocalypse.
Last night we showed what Caracas, looks like this week:
Read More
That’s already been discussed. The coup d’état, we hope, will not be repeated. We remember what happened in 2002 with Chávez and we don’t want something similar to happen in the future. We are rather waiting for things to get truly out of hand. And that will happen in the following months. The situation is extremely unstable and the status quo can’t last. We are witnessing daily looting at supermarkets, and people are protesting.
from Zero Hedge:
Over the last several years we have documented with clockwork
regularity Venezuela’s collapse into failed state status, which was
cemented several weeks ago when news hit that “Venezuela had officially
run out of money to print new money.”At that point the best one could do was merely to step back and watch as local society and civilization turned on itself, unleashing what would ultimately turn into Venezuela’s own, sad apocalypse.
Last night we showed what Caracas, looks like this week:
Read More
Is A Venezuela Coup Imminent? An Interview With A National Guardsman
Submitted by Tyler Durden on 05/14/2016 - 20:13 Q. If discontent is so widespread, why is there no talk of a coup?That’s already been discussed. The coup d’état, we hope, will not be repeated. We remember what happened in 2002 with Chávez and we don’t want something similar to happen in the future. We are rather waiting for things to get truly out of hand. And that will happen in the following months. The situation is extremely unstable and the status quo can’t last. We are witnessing daily looting at supermarkets, and people are protesting.
from TheAnarchast:
Jeff interviews Mises Institute member Daniel from the barrios of Caracas, Venezuela. Topics include: Anarcho-capitalism in Venezuela, the trouble with socialism, the Mises Institute in Venezuela, $1 a day maximum withdrawal limit, long lines for the supermarket, anarchism is unknown in Venezuela, armed private security is not allowed greatly adding to the danger, only criminals have guns, murder rates skyrocket in gun free zones, hyperinflation with more to come, very dangerous to speak up against the government.
Jeff interviews Mises Institute member Daniel from the barrios of Caracas, Venezuela. Topics include: Anarcho-capitalism in Venezuela, the trouble with socialism, the Mises Institute in Venezuela, $1 a day maximum withdrawal limit, long lines for the supermarket, anarchism is unknown in Venezuela, armed private security is not allowed greatly adding to the danger, only criminals have guns, murder rates skyrocket in gun free zones, hyperinflation with more to come, very dangerous to speak up against the government.
Maduro's Last Stand: Venezuela Declares State Of Emergency
Submitted by Tyler Durden on 05/14/2016 - 14:40 From extending the weekend, to rationing electricity, to running out of money to print money, we've been covering the real-time events that have occurred in Venezuela as it devolved into a completely failed state. Sadly, last night as starving citizens looted marketplaces in search of food, we predicted that a civil war was almost inevitable, and that Nicolas Maduro would do what he could to hang on for dear life (literally). Today we learn, with his entire socialist utopia literally crumbling beneath him, Venezuelan president Maduro has declared a 60-day state of emergency.
by Shepard Ambellas, Intellihub:
The hacktivist collective Anonymous vowed to wreak havoc on “banking
and other financial institutions” this week and quite possibly may
already have as it has been reported by hundreds that Chase Bank ATMs
are still not dispensing cash at this time and haven’t since Friday
night.
Now countless customers have taken to social media to hammer the banking cartel, who still is not letting account holders access their funds.
Read More @ Intellihub.com
The hacktivist collective Anonymous vowed to wreak havoc on “banking
and other financial institutions” this week and quite possibly may
already have as it has been reported by hundreds that Chase Bank ATMs
are still not dispensing cash at this time and haven’t since Friday
night.Now countless customers have taken to social media to hammer the banking cartel, who still is not letting account holders access their funds.
Read More @ Intellihub.com
The ECB Met With Goldman, Other Banks At Shanghai G-20 Meeting, Allegedly Leaking March Stimulus
Submitted by Tyler Durden on 05/14/2016 - 16:42 On March 10, 2016 when the ECB announced the biggest expansion to quantitative easing in European history, when it shocked the market by announcing not only a reduction in its negative rate and expansion in the TLTRO program, but also the launch of a corporate bond monetization program.Well maybe not "shocked" the market, because as Bloomberg writes, ECB board members met with representatives of banks and investment managers including Goldman Sachs, BlackRock, Credit Suisse and Moore Europe Capital Management in February, just days before the ECB's March 10 announcement.The Dismal Retirement Picture For America's Older Generation
Submitted by Tyler Durden on 05/14/2016 - 19:40 The employment-to-population ratio for those 65 and over is at its highest level since the early 1960's, creating a bottleneck for younger workers who are looking to move up from their current roles, and also those that are trying to gain entry level employment but can't until the current occupiers of those seats can move up. The situation doesn't appear to be on the verge of getting any better either, as 27% of Americans say they will "keep working as long as possible" according to a 2015 Federal Reserve study - and to make matters worse (for younger generations), 12% of Americans say they don't plan to retire at all.You Know Those Missing Hillary Emails? Russia Might Leak 20,000 Of Them
Submitted by Tyler Durden on 05/14/2016 - 19:05 Hillary Clinton sits at the center of a raging firestorm concerning her arrangement of a private email account and server set up in her home - from which top secret information may have been deleted. But despite Bernie Sanders’ apparent annoyance with the “damn emails,” the scandal just exponentially intensified, when Judge Andrew Napolitano revealed on Monday that Russia has possession of around 20,000 of Clinton’s emails - leaving open the possibility her deletions might not have been permanent after all.
by Michael Snyder, End Of The American Dream:
Most Americans may not like to hear this, but the truth is that modern
day America very closely resembles Nazi Germany. If you initially
recoiled when you read the headline to this article, that is
understandable. After all, most of us were raised to deeply love this
country. But I would ask you to consider the evidence that I have
compiled before you pass judgment on the matter. Most citizens of this
nation know that something has gone deeply wrong, and I would suggest
that just like the Nazis, all of the pageantry and beauty in our society
masks an evil which has grown to a level that is almost unspeakable.
And just like the Germans, we don’t do ourselves any favors by turning a
blind eye to what is going on. The following are 10 stunning parallels
between the United States and Nazi Germany…
Read More
Most Americans may not like to hear this, but the truth is that modern
day America very closely resembles Nazi Germany. If you initially
recoiled when you read the headline to this article, that is
understandable. After all, most of us were raised to deeply love this
country. But I would ask you to consider the evidence that I have
compiled before you pass judgment on the matter. Most citizens of this
nation know that something has gone deeply wrong, and I would suggest
that just like the Nazis, all of the pageantry and beauty in our society
masks an evil which has grown to a level that is almost unspeakable.
And just like the Germans, we don’t do ourselves any favors by turning a
blind eye to what is going on. The following are 10 stunning parallels
between the United States and Nazi Germany…Read More
from TRU News:
As the summer months approach, civil unrest is expected in many major cities around the U.S., especially Chicago.
The President of Chicago Fraternal Order of Police Lodge 7, Dean Angelo, Sr. is expecting a major jump in gang violence, mainly due to the politics of Mayor Rahm Emanuel.
Angelo said Emanuel’s accusations the Chicago PD is racist is inciting people, and if proposed measures are passed by the legislature, it will cause the city to “light up”, according to Breitbart.
Read More
As the summer months approach, civil unrest is expected in many major cities around the U.S., especially Chicago.The President of Chicago Fraternal Order of Police Lodge 7, Dean Angelo, Sr. is expecting a major jump in gang violence, mainly due to the politics of Mayor Rahm Emanuel.
Angelo said Emanuel’s accusations the Chicago PD is racist is inciting people, and if proposed measures are passed by the legislature, it will cause the city to “light up”, according to Breitbart.
Read More
by Paul Craig Roberts, Paul Craig Roberts:
Paul Craig Roberts
In his May 9, 2016, speech to European medical professionals, Michael Hudson points out that the result of TTIP for Europe will be the privatization of health care systems with the associated much higher costs.
Hudson’s accurate description of TTIP shows that politically powerful corporations have gained the power in Western “democracies” to sacrifice the welfare of all populations to corporate greed for profit regardless of the cost to peoples, countries, and societies.
Read More
Paul Craig RobertsIn his May 9, 2016, speech to European medical professionals, Michael Hudson points out that the result of TTIP for Europe will be the privatization of health care systems with the associated much higher costs.
Hudson’s accurate description of TTIP shows that politically powerful corporations have gained the power in Western “democracies” to sacrifice the welfare of all populations to corporate greed for profit regardless of the cost to peoples, countries, and societies.
Read More
Stores reporting sales are dropping. More stores will be reporting in the next couple of weeks which will show a further decline. US pushing the idea retail sales have improved, complete illusion. Symantec laying off 1200 employees. Consumers are not spending because they don’t have the jobs and the high paying jobs. California tax revenue almost 1 billion below expectations. Investors are now getting out of the market world wide.
by Pam Martens and Russ Martens, Wall St On Parade:
Donald Trump’s brash, unfiltered mouth, which he is leveraging to stay
in the media spotlight 24/7, may be taking root in broader society. On
Wednesday, Jamie Dimon, the Chairman and CEO of the largest bank in the
U.S., with buttoned-down, old money clients, called a fellow banker a
“jerk” during an on-air conversation at CNBC.
Dimon’s school boy rhetoric was directed at Camden Fine, President and CEO of the Independent Community Bankers Association, who has accused Dimon of attempting to “link the interests of megabanks to community banks in order to mitigate the political heat” that is on the Wall Street behemoths.
Read More
Donald Trump’s brash, unfiltered mouth, which he is leveraging to stay
in the media spotlight 24/7, may be taking root in broader society. On
Wednesday, Jamie Dimon, the Chairman and CEO of the largest bank in the
U.S., with buttoned-down, old money clients, called a fellow banker a
“jerk” during an on-air conversation at CNBC.Dimon’s school boy rhetoric was directed at Camden Fine, President and CEO of the Independent Community Bankers Association, who has accused Dimon of attempting to “link the interests of megabanks to community banks in order to mitigate the political heat” that is on the Wall Street behemoths.
Read More
by Brandon Smith, The Sleuth Journal:
The ultimate and final goal of evil is to obscure and destroy our very
conception of evil itself, to change the inherent moral fiber of all
humanity until people can no longer recognize what is right and what is
wrong. Evil is not a wisp of theological myth or a simplistic
explanation for the aberrant behaviors of the criminal underbelly;
rather, it is a tangible and ever present force in our world. It exists
in each and every one of us. All men do battle with this force for the
entirety of our lives in the hope that when we leave this Earth, we will
leave it better and not worse.
When evil manifests among organized groups of people in the halls of power, power by itself is not always considered the greatest prize. The true prize is to mold society until it reflects the psychopathy that rots at the core of their being. That is to say, the elites, the oligarchy, the mad philosopher kings want to make us just like they are: proudly soulless. Only then can they rule, because only then will they be totally unopposed.
Read More
The ultimate and final goal of evil is to obscure and destroy our very
conception of evil itself, to change the inherent moral fiber of all
humanity until people can no longer recognize what is right and what is
wrong. Evil is not a wisp of theological myth or a simplistic
explanation for the aberrant behaviors of the criminal underbelly;
rather, it is a tangible and ever present force in our world. It exists
in each and every one of us. All men do battle with this force for the
entirety of our lives in the hope that when we leave this Earth, we will
leave it better and not worse.When evil manifests among organized groups of people in the halls of power, power by itself is not always considered the greatest prize. The true prize is to mold society until it reflects the psychopathy that rots at the core of their being. That is to say, the elites, the oligarchy, the mad philosopher kings want to make us just like they are: proudly soulless. Only then can they rule, because only then will they be totally unopposed.
Read More
by Jay Syrmopoulos, Activist Post:
The transparency organization WikiLeaks has exposed acting President
Michel Temer, who ascended to the Brazilian presidency after a soft coup deposed President Rousseff, as having been an intelligence informant for the United States.
Temer, who has served as Brazil’s vice president since 2011, took power Thursday after Brazil’s parliament suspended Rousseff pending the results of impeachment proceedings.
The cables — marked “sensitive but unclassified” — contained summaries of conversations Temer, a Brazilian federal lawmaker at the time, had with the U.S. intelligence officials.
Read More
The transparency organization WikiLeaks has exposed acting President
Michel Temer, who ascended to the Brazilian presidency after a soft coup deposed President Rousseff, as having been an intelligence informant for the United States.Temer, who has served as Brazil’s vice president since 2011, took power Thursday after Brazil’s parliament suspended Rousseff pending the results of impeachment proceedings.
The cables — marked “sensitive but unclassified” — contained summaries of conversations Temer, a Brazilian federal lawmaker at the time, had with the U.S. intelligence officials.
Read More
from ZeroHedge:
Forget the “wall of worry,” former Reagan OMB Director David Stockman warns a shocked CNBC anchorette that “the frogs are in the boiling water again on Wall Street…and they don’t have enough sense to get out.”
The last 600 days of range-bound trading marks the top he explains
adding that “we have reached the cyclical top in both GDP and earnings,”
which leaves a market trading at extremely expensive levels – “why
would you stay in?” Stockman believes that the world economy is heading into a “deep and lasting deflationary recession.” There is no evidence that America is immune, he adds, warning of the potential for 40% downside and just 2% upside in stocks…
Read More
Forget the “wall of worry,” former Reagan OMB Director David Stockman warns a shocked CNBC anchorette that “the frogs are in the boiling water again on Wall Street…and they don’t have enough sense to get out.”
The last 600 days of range-bound trading marks the top he explains
adding that “we have reached the cyclical top in both GDP and earnings,”
which leaves a market trading at extremely expensive levels – “why
would you stay in?” Stockman believes that the world economy is heading into a “deep and lasting deflationary recession.” There is no evidence that America is immune, he adds, warning of the potential for 40% downside and just 2% upside in stocks…Read More
by Doug Casey, International Man:
“Making the chicken run” is what Rhodesians used to say about neighbors
who packed up and got out during the ’60s and ’70s, before the place
became Zimbabwe. It was considered “unpatriotic” to leave Rhodesia. But
it was genuinely idiotic not to.
I’ve written many times about the importance of internationalizing your assets, your mode of living, and your way of thinking. I suspect most readers have treated those articles as they might a travelogue to some distant and exotic land: interesting fodder for cocktail party chatter, but basically academic and of little immediate personal relevance.
I’m directing these comments toward the U.S. mainly because that’s where the problem is most acute, but they’re applicable to most countries.
Read More
“Making the chicken run” is what Rhodesians used to say about neighbors
who packed up and got out during the ’60s and ’70s, before the place
became Zimbabwe. It was considered “unpatriotic” to leave Rhodesia. But
it was genuinely idiotic not to.I’ve written many times about the importance of internationalizing your assets, your mode of living, and your way of thinking. I suspect most readers have treated those articles as they might a travelogue to some distant and exotic land: interesting fodder for cocktail party chatter, but basically academic and of little immediate personal relevance.
I’m directing these comments toward the U.S. mainly because that’s where the problem is most acute, but they’re applicable to most countries.
Read More
For The American Farmer "It's Death By A 1,000 Knives”- US Farmland Values Plunge Most In 30 Years
Submitted by Tyler Durden on 05/14/2016 - 18:28 While America was so focused on whether or not there is a recession in the US manufacturing and oil & gas sector, it completely ignored the depression in America's farming heartland.
Liquidity Problems? Deutsche Bank Offers 5% Yields If Depositors Lock Up Their Money For Three Months
Submitted by Tyler Durden on 05/14/2016 - 17:53 We were surprised to find that in a promotional offer by Europe's biggest (and by many accounts most insolvent) bank, Germany's Deutsche Bank is not only not rushing to penalize depositors, on the contrary it is offering its Belgian clients a 5% gross return for new €10,000 - €50,000 deposits if this money is locked up for the next three months. The offer is only valid for the next 40 days, until June 24.
How The Baby Boomers Blew Up The Stock Market
Submitted by Tyler Durden on 05/14/2016 - 17:20 This won't end well...
Are Newspapers Captured By Banks?
Submitted by Tyler Durden on 05/14/2016 - 16:10 With Donald Trump going after Jeff Bezos' "capture" of The Washington Post this week, along with Facebook's alleged liberalization of the mainstream's news feeds, the topic of press independence is once again back out of conspiracy theory back-rooms and near top of mind for many average indoctrinated joes. Almost thirty years ago, Edward Herman and Noam Chomsky claimed that media are “effective and powerful ideological institutions that carry out a system-supportive propaganda function," but as ProMarket's Luigi Zingales exposes, for Italy, there is some circumstantial evidence that Italian newspapers are captured by banks.
Meet Donald Trump's Chinese Fan Club
Submitted by Tyler Durden on 05/14/2016 - 15:32 "I think Donald Trump has the guts to say things that normal people in the rest of society fear to say," said China's Gu Yu. He says he is 100% supportive of Trump, and even though he can't cast a ballot, he says the Americans that can should trust Trump. Meanwhile, despite her vocal support for China, Hillary Clinton just can't seem to catch a break: ""If she can't manage her husband, how can she manage America?" And Sima Nan, a television pundit sometimes described as China's Bill O'Reilly, openly calls her a "crazy old woman."
Another Headline Head Fake - The Consumer Can't Save The U.S. Economy
Submitted by Tyler Durden on 05/14/2016 - 15:05 At the end of the day, the seasonally maladjusted data for April retail sales amounts to no more than a swiggle in the larger trend. To wit, consumption spending financed by the growth of transfer payments and household borrowing is coming up hard against Peak Debt, while tepid growth in wage and salary income remains hostage to a domestic economy plagued with structural barriers to growth, an aging business cycle and a gathering global recession from which it is not remotely decoupled. So contrary to Reuters and its Keynesian quote standbys, it is not true that “the demise of the U.S. consumer have been greatly exaggerated”. Actually, it can be hardly exaggerated enough.
Chart Of The Day: Bonds Vs Stocks Vs Reality
Submitted by Tyler Durden on 05/14/2016 - 14:15 Another week goes by and another gaggle of Fed guffaws pukes out the same old 'we are data-dependent' meme, the same old 'everything is on track' narrative, and the same old 'bonds are wrong, stocks are right' idiocy. Do they not see what this constant nonsense has done to Kuroda and The Bank of Japan's credibility - propagandizing in the face of overwhelming facts. In order to help those who just can't seem to shake off the "well The Fed said it so it must be true" denial pysche, we offer the following chart...
Six Reasons Why Goldman Is Suddenly Warning About A "Large Drop" In The Market
Submitted by Tyler Durden on 05/14/2016 - 14:11 After recent (and in some cases very dramatic) bearish conversions by the likes of JPM, BofA, Citi and UBS, the only bank that steadfastly held a bullish view on stocks during the recent market squeeze higher was Goldman Sachs. Not any more.
Why Are We So Bad At Solving Problems?
Submitted by Tyler Durden on 05/14/2016 - 13:50 While our problems tend to evolve in exponential ways, our attempts at solving them move in linear fashion. That is true as much for the problems we ourselves create as it is for those that – seem to – 'simply happen'. "...we are going to evolve through crisis, not through proactive change..."/
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