Submitted by Tyler Durden on 05/25/2016 - 15:47
As Bloomberg's Nathan Crooks demonstrates, this is the maximum amount of money one can take out from a Venezuela ATM each day.
Trump Accidentally Reveals His Next Attack On Hillary
Submitted by Tyler Durden on 05/25/2016 - 16:50 Two days after Donald Trump released a clip in which he hinted at Bill Clinton's sexual transgressions by featuring two women - Kathleen Willey and Juanita Broaddrick - who have made rape accusations against the former president, and then promptly escalated his attacks on the Clintons in an interview with WaPo in which Trump called the circumstances of Vincent Foster’s death "very fishy", Trump accidentally revealed what his next attack on Hillary will be.
Chasing Yield Into Minefields
Submitted by Tyler Durden on 05/25/2016 - 16:25 Fed policies are directly responsible for ballooning the systemic risk in the financial and socioeconomic landscape. Not just pensions but actual individual retirees are facing the very same dilemma. For those lucky enough to still have a nest egg after the last two bubble crashes they are forced to venture further out onto the risk continuum. But there must be some upside to the ZIRP policies to offset the almost unmanageable amount of resultant risk, right? I mean these policies are meant to help the average American not hurt them, correct??Volumeless Short Squeeze Lifts Stocks Green For 2016, Oil Nears $50
Submitted by Tyler Durden on 05/25/2016 - 16:01
Add It Up... And It Doesn't Add Up
Submitted by Tyler Durden on 05/25/2016 - 15:35 Continuing deceleration of population growth offset by rate cuts incentivizing ever greater debt loads (with continually underperforming GDP) was the central banks only play. And now as population growth and decelerating demand really begin to wane...the playbook is basically exhausted save for one play...simply print money with which to buy and "permanently retire" those assets. Think Treasury's, think MBS, think equity's...think anything that can be digitally created and digitally destroyed all to perpetually shrink the outstanding float (think perpetual short squeeze). How long this can maintain asset values northward march in the face of the populations southward divergence is anybody's guess.
Erdogan Halts European Refugee Deal After Merkel Snub, Says Turkey Has Other Options
Submitted by Tyler Durden on 05/25/2016 - 15:23 Following Monday's visa snub by Merkel, Turkey's president said he would not take any steps regarding the implementation of migrant readmission until progress was made on visa liberalization. He also said funds that the EU had promised to pay Ankara for taking back refugees had not been paid. Turkey added it is not worried if a decision cannot be reached, with Ankara’s new EU affairs minister saying that the EU was not the "sole option."
Hillary In Trouble: State Department Says Clinton Did Not Comply With Record Policies: Full Report
Submitted by Tyler Durden on 05/25/2016 - 15:19 In a surprising reversal, what many thought was impossible, namely the State Department cracking down on its former head and Democratic presidential frontrunner, Hillary Clinton, seems all too possible following news that the State Department inspector General audit has faulted Hillary Clinton, other secretaries of state for poorly managing electronic communications.
Downtown Seattle Hit By Widespread Power Outage
Submitted by Tyler Durden on 05/25/2016 - 15:08 France may go dark tomorrow, but for residents of downtown Seattle elevators ground to a halt and lights went out across downtown Seattle late Wednesday morning as a major power outage struck. According to Komo News, the outage struck at about 11:30 a.m. The cause of the disruption was an equipment failure at Massachusetts Street Substation and was expected to last about two hours, according to Seattle City Light.
The Two 'Faces' Of The Democratic Party
Presented with no comment...
The "System" Won't Survive The Robots
Submitted by Tyler Durden on 05/25/2016 - 14:50 It’s really just a matter of time; the working man’s deal with his overseers is half dead already. But there’s still inertia in the system, and even the losers are keeping the faith. Hope dies slowly, after all. Nonetheless, the deal is collapsing and a new wave of robots will kill it altogether. Unless the overseers can pull back on technology – very fast and very hard – the deal that held through all our lifetimes will unwind.
Monetary Lunacy: The ECB Could End Up Funding Bayer's Purchase Of Monsanto
Submitted by Tyler Durden on 05/25/2016 - 14:35 Today we find an even more striking example of just how broken the global bond market has become thanks to the ECB because as Reuters writes, Bayer could receive financing from none other than the European Central Bank to help fund its takeover of the world's largest seed company, US-based Monsanto, according to the terms of the ECB's bond-buying program.
Hillary Responds To Damaging State Department Report
Submitted by Tyler Durden on 05/25/2016 - 14:33 CLINTON SPOKESMAN SAYS INSPECTOR GENERAL'S REPORT SHOWS CLINTON'S EMAIL PRACTICES CONSISTENT WITH THAT OF FORMER SECRETARIES OF STATE
A Non-Random Straight-Line Walk Up Wall Street
Submitted by Tyler Durden on 05/25/2016 - 14:27 Malkiel would be shocked...
Myopic Markets & The Looming Mall REITs Massacre
Submitted by Tyler Durden on 05/25/2016 - 14:20 While markets are myopically co-moving to the siren songs of Fed hawks and doves, deteriorating fundamentals are becoming harder to ignore. Like wildfires, it’s hard to predict how quickly and where market panic will spread to next. However, the chain-reaction of peak consumer credit growth, softening retail sales, and tightening credit conditions does not bode well for REITs going forward.
There are some people who will deny it, but the #HandCuffHillary
hashtag is vastly becoming a movement, and it doesn’t take a rocket
scientist to see why.Created by Joe Biggs, a former Army Staff Sargent and current reporter at Alex Jones’ InfoWars website, #HandCuffHillary is based on making sure that Hillary Clinton is charged with the email and Benghazi scandal that is still hanging over her head, even as she is the current Democratic front-runner for the Presidential Race.
While most do agree that Hillary may not see prison time, it’s a bother to many as to why Clinton was able to skate around the email and Benghazi scandal that put the nation’s security at risk and got four Americans killed, including two U.S. Ambassadors. Why does she get a free pass? Is it because of her name?
Read More
from Rogue Money:
A ‘roguemoney.net’ reader asked
a good question last week in the comments section of the prior
installment, “How we, the good guys, can fight to ensure the next system
is in fact honest?” The gist of it was he didn’t like sitting around
doing nothing, and eating the popcorn as was referenced last week. For
the record once again, I had been telling my financial clients to get
out of paper since 2012, and was doing it with gusto in 2013 (during
that year the word was finally out to all). I felt the need to do so
was in the dirty here & now, but I was wrong. The standard of
living collapse in the USA hadn’t hit that “Moores Law Standard of
Living Collapse Moment”, via my predicted time schedules. Fast forward
to today, and it is still (been so for 14 months now) my view the
“Financial Moore’s Law” moment hits before the spring of next year.
Read More
A ‘roguemoney.net’ reader asked
a good question last week in the comments section of the prior
installment, “How we, the good guys, can fight to ensure the next system
is in fact honest?” The gist of it was he didn’t like sitting around
doing nothing, and eating the popcorn as was referenced last week. For
the record once again, I had been telling my financial clients to get
out of paper since 2012, and was doing it with gusto in 2013 (during
that year the word was finally out to all). I felt the need to do so
was in the dirty here & now, but I was wrong. The standard of
living collapse in the USA hadn’t hit that “Moores Law Standard of
Living Collapse Moment”, via my predicted time schedules. Fast forward
to today, and it is still (been so for 14 months now) my view the
“Financial Moore’s Law” moment hits before the spring of next year. Read More
by Dave Kranzler, Investment Research Dynamics:
I described the other day what a circus the inter-FOMC meeting periods
have become. One by one Fed clowns appear to describe an economy at
full employment and threaten us with another one-quarter of one percent
Fed Funds rate hike. Since this process has started last Monday, the
S&P 500 has been flat but gold has been taken down methodically
about $80, or 6.7%. The mining stocks as represented by the HUI have
been dropped 12% from their high last week.
Yesterday the circus took on a new dimension. SF Fed John Williams was once again out promoting rate hikes this year and even more rate hikes next year – LINK. St Louis Fed clown Bullard was out yesterday pontificating that low rates for too long could be risky – LINK. You don’t say, James? Is he referencing the nominal .25% Fed funds rate since lat e 2008? OR is he referencing the negative real interest rates since well before 2008? To which measure of interest rates are you are you referencing, James?
Read More
I described the other day what a circus the inter-FOMC meeting periods
have become. One by one Fed clowns appear to describe an economy at
full employment and threaten us with another one-quarter of one percent
Fed Funds rate hike. Since this process has started last Monday, the
S&P 500 has been flat but gold has been taken down methodically
about $80, or 6.7%. The mining stocks as represented by the HUI have
been dropped 12% from their high last week.Yesterday the circus took on a new dimension. SF Fed John Williams was once again out promoting rate hikes this year and even more rate hikes next year – LINK. St Louis Fed clown Bullard was out yesterday pontificating that low rates for too long could be risky – LINK. You don’t say, James? Is he referencing the nominal .25% Fed funds rate since lat e 2008? OR is he referencing the negative real interest rates since well before 2008? To which measure of interest rates are you are you referencing, James?
Read More
Your Future...
from TRU News:
People in Venezuela now have to use their fingerprints to get food.
The move to biometric scanners has become a reality, even though the effort began a few years ago by President Nicholas Maduro. It is called the “Fingerprints for Food” program by the socialist government, as reported by the Miami Herald. With it, people can only get minimal goods, medicine and supplies from the state-owned grocery stores.
Maduro said fingerprinting was necessary to prevent hoarding and to keep price-controlled food from being resold for profit.
Consumers must also show ID.
For years, Venezuela has been short on food, which has been made worse from the global oil glut, since they depend heavily on oil revenue, along with other socialist, Latin American countries.
Read More
People in Venezuela now have to use their fingerprints to get food.The move to biometric scanners has become a reality, even though the effort began a few years ago by President Nicholas Maduro. It is called the “Fingerprints for Food” program by the socialist government, as reported by the Miami Herald. With it, people can only get minimal goods, medicine and supplies from the state-owned grocery stores.
Maduro said fingerprinting was necessary to prevent hoarding and to keep price-controlled food from being resold for profit.
Consumers must also show ID.
For years, Venezuela has been short on food, which has been made worse from the global oil glut, since they depend heavily on oil revenue, along with other socialist, Latin American countries.
Read More
by Andy Hoffman, Miles Franklin:
Today, I’m going to demonstrate, in spades, why the Miles Franklin Blog is such a valuable, FREE resource – and consequently, why “all bullion dealers are not commodities.”
I try to do this every day, and this October, will mark my five-year
anniversary at Miles Franklin. However, it’s in “times of need” like
today – when “the powers that be” are doing their best to prevent you
from protecting themselves from the death of the historically
destructive monetary paradigm they themselves created – when truth
tellers like us are of maximum value. Not to mention, that when
purchasing, selling, or storing bullion – as with anything in life – “you get what you pay for.”
Unfortunately, the Cartel “won” the current battle for short-term price control – in finally, with the aid of a lie as egregious as the “we killed bin Laden” card utilized to quell the 2011 silver price spike (i.e., June “rate hike” propaganda) – getting perpetually stupid COMEX “specs” to pitch their positions, causing the Precious Metal bull market to “correct.” This, amidst the most “PM bullish, everything-else-bearish” news flow to date. To that end, someone I have great respect for just wrote an extremely cynical article of the past week’s proceedings, titled the “end of the Precious Metal fake rally” – opining that we have returned to the PM “hostage market” of the past five years.
Read More
Today, I’m going to demonstrate, in spades, why the Miles Franklin Blog is such a valuable, FREE resource – and consequently, why “all bullion dealers are not commodities.”
I try to do this every day, and this October, will mark my five-year
anniversary at Miles Franklin. However, it’s in “times of need” like
today – when “the powers that be” are doing their best to prevent you
from protecting themselves from the death of the historically
destructive monetary paradigm they themselves created – when truth
tellers like us are of maximum value. Not to mention, that when
purchasing, selling, or storing bullion – as with anything in life – “you get what you pay for.”Unfortunately, the Cartel “won” the current battle for short-term price control – in finally, with the aid of a lie as egregious as the “we killed bin Laden” card utilized to quell the 2011 silver price spike (i.e., June “rate hike” propaganda) – getting perpetually stupid COMEX “specs” to pitch their positions, causing the Precious Metal bull market to “correct.” This, amidst the most “PM bullish, everything-else-bearish” news flow to date. To that end, someone I have great respect for just wrote an extremely cynical article of the past week’s proceedings, titled the “end of the Precious Metal fake rally” – opining that we have returned to the PM “hostage market” of the past five years.
Read More
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