Submitted by Tyler Durden on 05/10/2016 - 09:39 The establishment (and its mainstream media mouthpieces) proclaim that "confidence" is being threatened because Donald Trump has told the truth that the Federal debt is on a track toward unmanageability and default. Yes, Uncle Sam’s credit standing is in deep trouble and the Fed is heading for a monetary calamity. But these untoward prospects have nothing to do with a couple of alleged wild pitches from Donald Trump. Upon closer examination, it is evident that the Donald was actually right on the money.
Caught On Tape: This Is What Happened When An MEP Tried To Read The TTIP Text
Democracy, this is not...Joke of the day...The senate to investigate abuse of trust...now that's a joke...
Senate Investigates "Abuse Of Trust" After Facebook Responds To Allegations Of Right-Wing News Censorship
Submitted by Tyler Durden on 05/10/2016 - 12:55 Update: The Senate just got involved... As ABC News report, Senator John Thune has sent letter to Facebook seeking information on alleged manipulation of news curationIn response to allegations from former Facebook staff that they censored right-wing 'just not liberal enough' news stories in the social network's feed, the man who is responsible for Facebook's "Trending Topics" has issued a statement directly refuting the claims of biases. To clarify, another entity accused of wrongdoing has undertaken an internal review and found no evidence of wrongdoing; and even if its records show no evidence of tampering with Trends, the perception of bias could haunt the company through the election season.
"The US Threatened China's Sovereignty" - China Scrambles Fighter Jets After US Warship Sails Near Disputed Reef
Submitted by Tyler Durden on 05/10/2016 - 12:00 Oovernight the US decided to provoke some more Chinese anger when it sailed the guided missile destroyer the USS William P. Lawrence within 12 nautical miles of Chinese-occupied Fiery Cross Reef. China promptly scrambled two fighter jets in proximity to the U.S. navy ship, while an additional three warships shadowed the U.S. ship, telling it to leave. "This action by the U.S. side threatened China's sovereignty and security interests, endangered the staff and facilities on the reef, and damaged regional peace and stability," said China's foreign ministry spokesman.
With A Historic -150% Net Short Position, Carl Icahn Is Betting On An Imminent Market Collapse
Submitted by Tyler Durden on 05/10/2016 - 09:58 "We’re much more concerned about the market going down 20% than we are it going up 20%. And so the significant weighting to the short side reflects that."
Reality Is A Formidable Enemy
Submitted by Tyler Durden on 05/10/2016 - 11:44 Welcome to a world scrubbed of offense...
Oil Jumps Despite Saudi Plans For "Significant Output Growth"; Kuwait Unveils Plans For Record Production Surge
Submitted by Tyler Durden on 05/10/2016 - 11:25 Two stories that oil traders are ignoring in today's action is the latest out of Saudi Arabia where Saudi Aramco, the state oil company, announced it was raising production to capture more customers as it pushes ahead with what could be the world’s biggest stock market listing next year the FT reported earlier. Additionally, Kuwait's head of research at state-owned Kuwait Petroleum said the country aims to produc a record 4 million a barrels a day by 2020, a major increase of nearly 50% compared to its recent 2.8mmbpd output recorded in March.
Bonds (& VIX) Ain't Buying It
Submitted by Tyler Durden on 05/10/2016 - 11:14 This morning's exuberance in equity markets, despite weak inventories data and nothing good from AsiaPac, appears to be entirely ignored by the US Treasury market...
Obama Will Be First Sitting President To Visit Hiroshima "Highlighting Pursuit Of Peace"
Submitted by Tyler Durden on 05/10/2016 - 11:05 "Symbolizing how far the United States and Japan have come in building a deep and abiding alliance based on mutual interests, shared values and an enduring spirit of friendship between our people," according to The White House official statement, The Hill reports that Nobel-Peace-Prize-winning President Obama will become the first sitting U.S. president to visit Hiroshima, Japan, later this month. Is this merely continuing Obama's apology tour?
Job Openings Back To All Time Highs: Yellen's "Favorite Labor Indicator" Says Its Time To Hike
Submitted by Tyler Durden on 05/10/2016 - 10:47 When last Friday's disappointing payrolls report hit, which saw just 160K jobs added in April, stocks initially tumbled only to surge as the case of a June rate hike was quickly taken off the table. Not only that, but according to Fed Fund futures as of this moment, the Fed won't hike until some time in early 2017. However, one look at the latest JOLTS data, admittedly Janet Yellen's favorite jobs indicator, paints a very different picture.
Germany Blinks Under IMF Pressure: Breakthrough Agreement To Do Nothing
Submitted by Tyler Durden on 05/10/2016 - 10:25 In the wake of an IMF threat to back out of the Troika deal with Greece, Germany blinked under the IMF pressure. Well, sort of.
Wholesale Inventories-Sales Ratio Holds Near Record Highs As Automakers Suffer
Submitted by Tyler Durden on 05/10/2016 - 10:09 While wholesale sales rose modestly MoM, the continued stagnation in wholesale inventories (lowest since 2010) bodes poorly for Q2 GDP. At 1.36x, the wholesale inventories-to-sales remains near record highs, but Automotive inventories to sales soared to cycle highs at 1.83x (as Auto sales dropped 0.7% MoM but inventories rose 1.0% MoM).
LendingClubbing Continues As Sellside Throws Up All Over Former Peer 2 Peer Darling
Submitted by Tyler Durden on 05/10/2016 - 09:54 As is usual on Wall Street, what a different 1 day makes because just hours after a major internal scandal was revealed that saw the CEO getting kicked out, and potentially implicating none other than LC board member John Mack, this morning it has been a relentless barage of negative notes from all those who until recently loved the stock.Facebook has 1.65 Billion IDIOT SHEEP around the world...
by Melissa Dykes, The Daily Sheeple:
Facebook has roughly 1.65 BILLION users around the world every month.
That’s a lot of people who visit and participate on the site, not just to share pictures of what they had for breakfast for their pet cat doing something cute, but also to read and share news.
As it turns out, Facebook censors “the news”.
Referred to internally as “news curators,” several former Facebook employees have admitted to Gizmodo that they were told to not only suppress conservative news from its coveted “trending” section, but they were also instructed to “artificially inject” certain stories into the news section that weren’t trending at all, such as Black Lives Matter protests.
Read More
Facebook has roughly 1.65 BILLION users around the world every month.That’s a lot of people who visit and participate on the site, not just to share pictures of what they had for breakfast for their pet cat doing something cute, but also to read and share news.
As it turns out, Facebook censors “the news”.
Referred to internally as “news curators,” several former Facebook employees have admitted to Gizmodo that they were told to not only suppress conservative news from its coveted “trending” section, but they were also instructed to “artificially inject” certain stories into the news section that weren’t trending at all, such as Black Lives Matter protests.
Read More
from Liberty Blitzkrieg:
While extremely disturbing, I can’t say the following is particularly surprising.
The Hill reports:
While extremely disturbing, I can’t say the following is particularly surprising.
The Hill reports:
Rep. Brad Sherman (D-Calif.) is criticizing the Obama administration as having tried to strong-arm a former senator who is pushing to declassify 28 pages of the 9/11 report dealing with Saudi Arabia.
He recounted how Rep. Gwen Graham (D-Fla.) and her father, former Senate Intelligence Committee Chairman Bob Graham (D-Fla.), were detained by the FBI in 2011 at Dulles International Airport outside Washington. The message from the agents, according to the Grahams, was to quit pushing for declassification of the 28 pages.
Read More…
from ZeroHedge:
Do you remember all the hopes Americans had for Obama when we elected him to his first term? Painful memories. He betrayed the voters on every one of his promises. There was no change, except for the worst as Obama went on to become one of the most vicious war criminals in world history. Despite his horrific record, we re-elected him, only to have US economic policy turn against the people in order to bail out at our expense the mega-banks and the One Percent.
Now Obama is coercing Asia and Europe to turn the governments of their countries over to rapacious American corporations empowered by TPP and TTIP to subordinate all interests to their profits.
Read More
Do you remember all the hopes Americans had for Obama when we elected him to his first term? Painful memories. He betrayed the voters on every one of his promises. There was no change, except for the worst as Obama went on to become one of the most vicious war criminals in world history. Despite his horrific record, we re-elected him, only to have US economic policy turn against the people in order to bail out at our expense the mega-banks and the One Percent.
Now Obama is coercing Asia and Europe to turn the governments of their countries over to rapacious American corporations empowered by TPP and TTIP to subordinate all interests to their profits.
Read More
by John Rubino, Dollar Collapse:
Something interesting has happened. China earlier this year responded
to falling stock prices by borrowing a trillion dollars and spending it
on commodities, boosting the prices of iron ore, oil, copper, etc., and
giving the global economy a patina of recovery.
Nothing unusual so far. China did the same thing in response to 2008’s Great Recession, and the world breathed an appreciative sigh of relief, ignoring the massive new leverage that the policy required.
Which is why the past month has been so interesting. Instead of just accepting China’s largess and blithely assuming that all was once again well, the global financial media have chosen (for perhaps the first time ever outside of a full-on crisis) to focus on the negative aspects of rising leverage.
Read More
Something interesting has happened. China earlier this year responded
to falling stock prices by borrowing a trillion dollars and spending it
on commodities, boosting the prices of iron ore, oil, copper, etc., and
giving the global economy a patina of recovery.Nothing unusual so far. China did the same thing in response to 2008’s Great Recession, and the world breathed an appreciative sigh of relief, ignoring the massive new leverage that the policy required.
Which is why the past month has been so interesting. Instead of just accepting China’s largess and blithely assuming that all was once again well, the global financial media have chosen (for perhaps the first time ever outside of a full-on crisis) to focus on the negative aspects of rising leverage.
Read More
by Jeff Nielson, Bullion Bulls:
A couple of weeks ago on this thread, I suggested that the operation by the bankers to march gold/silver prices higher (so they could then be slammed lower in a “crash”) could easily be approaching its end.
That suggestion was based primarily on two factors:
1) After silver prices had suspiciously (impossibly) “lagged” the price of gold for two, solid months; we suddenly saw silver surge higher.
2) We’re now squarely within the optimal window for the One Bank to stage its“Next Crash”.
Read More…
A couple of weeks ago on this thread, I suggested that the operation by the bankers to march gold/silver prices higher (so they could then be slammed lower in a “crash”) could easily be approaching its end.
That suggestion was based primarily on two factors:
1) After silver prices had suspiciously (impossibly) “lagged” the price of gold for two, solid months; we suddenly saw silver surge higher.
2) We’re now squarely within the optimal window for the One Bank to stage its“Next Crash”.
Read More…
from Harvey Organ:
SILVER OI ALSO CLIMBS/GLD RISES BY 2.68 TONNES/CHINA’S DEMAND EQUATES
TO 171 TONNES OR APPROX 40.7 TONNES/PER MONTH/CHINA HAS AN AWFUL APRIL
IN EXPORTS/POLAND NOW REFUSES TO ACCEPT ANY REFUGEES AND WILL NOT
TOLERATE ANY EU BLACKMAIL/LEADER OF THE OPPOSITION IN VENEZUELA
ASSASSINATED/AUSTRIAN CHANCELLOR FAYMANN RESIGNS/CLINTON FOUNDATION TOOK
IN 140 MILLION IN GRANTS AND ONLY 9 MILLION SPENT ON AID WITH THE REST
ON WAGES FOR FAMILY MEMBERS
Let us have a look at the data for Monday, May 9th.
At the gold comex Monday we had a POOR delivery day, registering 0 notices for NIL ounces for gold,and for silver we had 17 notices for 85,000 oz for the non active April delivery month.
Read More…
SILVER OI ALSO CLIMBS/GLD RISES BY 2.68 TONNES/CHINA’S DEMAND EQUATES
TO 171 TONNES OR APPROX 40.7 TONNES/PER MONTH/CHINA HAS AN AWFUL APRIL
IN EXPORTS/POLAND NOW REFUSES TO ACCEPT ANY REFUGEES AND WILL NOT
TOLERATE ANY EU BLACKMAIL/LEADER OF THE OPPOSITION IN VENEZUELA
ASSASSINATED/AUSTRIAN CHANCELLOR FAYMANN RESIGNS/CLINTON FOUNDATION TOOK
IN 140 MILLION IN GRANTS AND ONLY 9 MILLION SPENT ON AID WITH THE REST
ON WAGES FOR FAMILY MEMBERSLet us have a look at the data for Monday, May 9th.
At the gold comex Monday we had a POOR delivery day, registering 0 notices for NIL ounces for gold,and for silver we had 17 notices for 85,000 oz for the non active April delivery month.
Read More…
from BATR:
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to heaven, we were all going direct the other way – in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only”, is just as true today about the true conservative movement as it was back in Charles Dickens, A Tale of Two Cities, era.
The dynamic outrage coming from the populist voice of discontented and betrayed citizens is the most encouraging movement in recent decades. The retro response from the GOP establishment defines the real nature of RINO motives that center on holding onto power and the globalist agenda that has long destroyed the once great Republic.
Read More
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to heaven, we were all going direct the other way – in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only”, is just as true today about the true conservative movement as it was back in Charles Dickens, A Tale of Two Cities, era.
The dynamic outrage coming from the populist voice of discontented and betrayed citizens is the most encouraging movement in recent decades. The retro response from the GOP establishment defines the real nature of RINO motives that center on holding onto power and the globalist agenda that has long destroyed the once great Republic.
Read More
from Sovereign Man:
Warren Buffet has famously said many times that the vast majority of investors shouldn’t bother picking stocks.
Instead, he’s advised everyone from Lebron James to his own children to simply buy an S&P index fund and hold it ‘for the next 50 years.’
He’s probably right; most people probably should just buy an S&P index fund. But not because it’s a superior investment.
It’s because most people simply aren’t educated about business, finance, and investing.
Read More
Warren Buffet has famously said many times that the vast majority of investors shouldn’t bother picking stocks.Instead, he’s advised everyone from Lebron James to his own children to simply buy an S&P index fund and hold it ‘for the next 50 years.’
He’s probably right; most people probably should just buy an S&P index fund. But not because it’s a superior investment.
It’s because most people simply aren’t educated about business, finance, and investing.
Read More
Adolf Hitler Learns All His Fund Was Invested In Valeant
Submitted by Tyler Durden on 05/10/2016 - 12:23 "We will all be flying commercial... have you never heard of a high water mark? I should fire every single on of you and use a f##king dartboard..."/
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