Thursday, June 2, 2016

Trump Supporters "Terrorized" In Massive San Jose Street Brawl As Police "Lose Control"

 
Shocking scenes are occuring on the streets of San Jose as anti-Trump supporters are chased, punched, kicked, and, as ABC News' Tom Llamas reports "terrorized" as the local police "appears to have lost control." Mobs of protestors, many carrying mexican flags, took over the streets ahead of a Trump rally branding tire irons and burning American flags.

Just How Shady is Hillary Clinton? This Shady...

It’s now clear that this was no honest mistake, but rather a deliberate attempt to shield her correspondence from the American people. Here is what is new publicly: When her private server was down and her BlackBerry immobilized for days at a time, she refused to use a government-issued BlackBerry because of her fear of the Freedom of Information Act. She preferred to go dark, or back to the 19th-century technology of having documents read aloud to her.

"Hillary Clinton Will Be Indicted, It's Inevitable" Says Susan Sarandon

"Nobody's even talking about this indictment. What happens with that?" Sarandon told MSNBC's Chris Jansing. "Besides the trust issue of catching her in so many lies..."
"Well, there has been no indictment," Jansing responded.
"No, but there's going to be. There's going to be. I mean, it's inevitable."

Why Conscripting Women Into Combat Will Result In Cultural Disaster

To be clear, we are supportive of the idea of women in the military, as long as they meet the same standards required of men, and that those standards are not artificially lowered in order to accommodate those who would otherwise fail. But, the maniacal feminists are driving to make everything in the world “equal” when it simply is not and never will be. If you cannot make men and women equal in every arena naturally, then you have to do it through force or dishonesty or bureaucracy.

Asia's Largest Commodity Trader Just Sold Stock At A 63% Discount

In the latest dramatic news to come out of a company that has been in an unexpained tailspin over the past month, moments ago Noble Energy, Asia's largest commodity trader, announced that it will offer 1 rights share for each existing share at 11 Singapore cents, a 63 percent discount from the close on Thursday, according to a statement on Friday.

Goldman Unveils The FX Doom Loop: Turns "Outright Negative" On Yuan Due To "Weak Link"

"We shift to an outright negative view on the RMB. This is because there is a weak link in China’s management of its currency.... one regularity over the past year has been that the SPX has fallen sharply within a week or two of $/CNY fixing meaningfully higher" - Goldman

The CFPB Plans On Regulating Payday Lenders, But What Will The Unintended Consequences Be?

"Congress told the CFPB to regulate payday, not annihilate it, and so much of what they are proposing represents annihilation..." If those individuals get frozen out of financial institutions, where will they turn for short term cash in order to pay those one-off emergency item; because as more and more of the only available jobs are on the lower end of the pay scale, or worse, the jobs for rural Americans disappear as we discussed previously, there will be a need for those individuals to access credit, and if it's not there, real social unrest will manifest itself.

Venezuela Burning

Idleness, whether forced or chosen, combined with entitlement, can lead to nothing good. You can only placate the masses with an ever-expanding welfare state and misguided monetary policy that fails to grow the workforce while enriching the haves for so long before things turn.

Why The G7 May Be Hastening Helicopter Money

Faced with a sharply appreciating yen, and lacking G7 support, Japan may need to take extreme measures. More than three years into Abenomics, and with policymakers running out of options on how to reverse the economy's trend, the Bank of Japan may be forced to intervene with unorthodox and untested policy, such as “helicopter money.”

Jamie Dimon Warns "Someone Will Get Hurt In Auto Lending" As Citi Sees No Rebound From Abysmal First Quarter

Jamie Dimon said the market for U.S. automobile lending is “a little stressed” and that he foresees higher losses ahead for some competitors. “Someone will get hurt in auto lending,” but not JPMorgan, Dimon said. Meanwhile, CEO Citigroup Mike Corbat indicated that the company's second-quarter net income will be roughly 25% lower than the same period a year earlier, roughly the same as the abysmal first quarter.

The Disenfranching Of America - Ohio Moves To Block Voters Who Missed Previous Elections

"It's absolutely unfair" exclaims one voter as, in what appears to be the latest attempt by a state to disenfranchise voters, Ohio residents are finding that if they haven't voted in the past six years, they will be purged from the voting rolls.

China Is The Biggest Short...Ever

As simply put as possible... over the next 2 decades, there will be an average of 7.5 million fewer 0-55yr/old Chinese every year vs. an average annual increase of 9.5 million 55+yr/olds. And the wealthy minority of the elderly have stashed their reserves in a whole lot of expensive, vacant real estate that they intend to pass along (rent or sell) to the declining young population.  What could go wrong since housing prices only go up...right!?!

Chicago Suffers Deadliest May In 21 Years

A seemingly delusional Chicago police superintendent told reporters that "we've seen a steady downtrend in violence since the beginning of the year. It's not success, but it is some progress, and it does give us room for encouragement." Johnson skirted the fact that Chicago ranks as one of the strictest gun control cities in the nation, and instead directed blame to weak gun laws in neighboring states, an endemic gang culture that ensnares children at younger ages, and a "broken and overwhelmed" judicial system that releases violent offenders too soon. Anything other than the dismal economy of course.

"Dwayne Pimps 3 Ho's" - Alabama Math Quiz Veers Too Close To Real Life

Not The Onion - From a quiz given to students at Burns Middle School in Mobile, Alabama: "Tyrone knocked up four girls in the gang... There are 20 girls in the gang. What is the exact percentage of girls that Tyrone knocked up?"

Air Force Jet Crashes Moments After Flying Above President Obama

A Thunderbirds fighter jet crashed south of Colorado Springs on Thursday afternoon just after the team had performed at the Air Force Academy’s graduation. The pilot safely ejected. The crash happened minutes after the Thunderbirds’ F-16 jets flew over President Obama and others at the ceremony.

The Rich Can Relax: Barron’s Says “The Stock Market Won’t Crash – Yet”

by Pam Martens and Russ Martens, Wall St On Parade:

In 1925 F. Scott Fitzgerald famously wrote: “Let me tell you about the very rich. They are different from you and me.” One thing that makes the rich different is that they will pay $5 for the May 30 issue of Barron’s, which is dispensing the peculiarly indecisive wisdom that “The Stock Market Won’t Crash – Yet.”
The other thing that makes the rich different is that they’re the ones heavily invested in this stock market. According to the most recent 2013 Federal Reserve “Survey of Consumer Finances,” which is conducted every three years, the rate of direct or indirect stock ownership by the top income group “increased 3.9 percentage points from 2010 to 2013, reaching 92.1 percent, slightly above the 91.7 percent found in the 2007 survey.”
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9 in 10 Americans are Disillusioned With Democracy

from The Daily Bell:
Hillary and Trump Leave Americans with Angst, Malaise and Little Confidence  … A new poll by the Associated Press-NORC Center for Public Affairs Research finds that the choice of Hillary Clinton or Donald Trump for president leaves Americans feeling frustrated, angry, helpless — suffering from angst and malaise, with little confidence with our political system.  –Red State
We covered this AP-NORC poll previously HERE but focused on Americans lack of trust when it comes to government.
But there is another aspect to this eye-opening poll.
The poll provides a devastating picture of American fidelity to the larger US system.
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General Mills Recalls 10 Million Pounds of Flour over E. Coli Outbreak

by Anna Scanlon, Natural Society:
General Mills has recalled an estimated 10 million pounds of flour over fears that they contain the E. coli virus. Over 38 people have been stricken with the virus in over 20 states, and General Mills has linked it to their flour.
This E. coli outbreak is caused by the strain O121, which causes cramps, bloody diarrhea, vomiting and can potentially lead to a life-threatening situation. The Centers for Disease Control noted that most people who became ill with this particular strain recall baking something homemade prior to becoming ill.
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EU Proposes Government ID to Use Internet

by Kit Daniels, Infowars:
The European Union is proposing a government ID for using the Internet which will eradicate both on-line privacy and free speech.
Spearheaded by former communist official Andrus Ansip, the European Commission published a draft document outlining its proposed electronic ID that would not only allow the EU to track what you say on-line, but also what you buy.
According to the document:
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Gold – Major Cycle Lows

by Gary Christenson, Deviant Investor:

Gold bottomed in December 2015 at a major cycle low.
Or did it?
Financial Sense published in May an article by Tom McClellan, an excellent analyst:  “Major Cycle Low Upcoming in Gold.”  The low may be coming as this article suggests, or perhaps it has already occurred.
Cycle analysis can be useful but, as in chaos theory, a small change in initial conditions can create a substantially different outcome.
Example:  In the above article Tom McClellan uses an 8 year cycle and a 13.5 month cycle to conclude that “There is a major cycle low looming for gold prices.  Ideally, it should arrive as a price low in late 2016.”
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The Biggest Bubble In History Will Lead To An Even Bigger Collapse

by Egon Von Greyerz, Gold Switzerland:
In a world full of bubbles that will all burst, it is of course impossible to forecast which will be the first ones to cause havoc for the world economy. One of the biggest bubbles that would clearly bring down the financial system is the bond market. Here we have a $100 trillion market which has grown exponentially in the last 25 years and which has virtually gone vertical since the 2006-9 crisis.
Desperate governments are raising money as if there was no tomorrow in the hope that they can keep the world afloat for another few years. But as I have stressed so many times, you can create neither economic stability nor wealth by printing money or increasing the debt burden.
Governments cannot afford interest rates above zero
Under normal conditions governments would be totally insolvent with the high levels of debt they are raising. But Japan solved that problem over 20 years ago by setting rates at zero. That trend has accelerated in the last couple of years and there are now around $8 trillion of government bonds with negative yield around the world. But governments of course never have a problem paying the interest since they will just issue more debt to pay it.
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Good for Donald, These Clowns Need to Be “Rattled”

by David Stockman, DailyReckoning:
President Obama says that the feckless world leaders who attended last week’s G-7 meeting in Japan are “rattled” by Donald Trump.
Bully for The Donald!
These clowns need to be rattled — right to their very bones. And we might as well start with our own snake oil salesman in chief.
It seems that Obama can’t stop taking bows for the awesome recovery he claims to have presided over and the 14 million new jobs he claims to have created. Yet those claims are as exaggerated as anything that Trump has ever let fly.
Let’s look at facts:
>> At the February 2008 peak, prior to the crisis, the U.S. Bureau of Labor Statistics (BLS) reported 138.5 million nonfarm payroll jobs in existence
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The End of the American Dream

by Simon Wilson, Money Week:
The middle class in America is in crisis, with incomes falling and life expectancy worsening. Why? And what can be done about it? Simon Wilson reports.
What’s it like to be a middle-class American?
Increasingly precarious, it seems. In an article entitled “The Secret Shame of Middle Class Americans” in this month’s issue of The Atlantic, the writer Neal Gabler – an author, film critic and academic – came out as one of the many millions of apparently middle-class Americans who are in fact living in a “more or less continual state of financial peril” – scrabbling around to make ends meet, and mostly failing.
Gabler draws attention to a regular survey by the Federal Reserve, which asks consumers a set of questions, including how they would pay for a $400 emergency. “The answer: 47% of respondents said that either they would cover the expense by borrowing or selling something, or they would not be able to come up with the $400 at all”, writes Gabler. “Four hundred dollars! Who knew? Well, I knew. I knew because I am in that 47%.”
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The “Dumb Money” Is Finally Buying New Homes, Just as the “Smart Money” Exits

by Harry Dent, Wolf Street:
But how much longer can this trend continue?
New home sales just went up a staggering 16.6% in April: 619,000 new homes were sold – the most since early 2008 just before the worst of the housing meltdown, and the highest rate of growth in 24 years. So is this a sign that the economy is back on track?
Don’t count on it.
Home sales, like jobs, is a lagging indicator, not a leading one. It’s a sign of where we’ve been, not where we’re going. So this isn’t a big surprise to us. In fact, this is just like stock indicators near a peak.
The dumb money is finally pouring in while the smart money is exiting. Except this time, it’s just in real estate.
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