Wednesday, July 20, 2016

Erdogan Declares Three Month "State Of Emergency", Warns S&P "Don't Mess With Turkey"

Having warned earlier of the possibility, Turkish President Erdogan announced a 3-month "state of emergency" across his nation to "effectively tackle the Gulen movement," as Erdogan stated that there might be more plans to continue coup attempts. Erdogan added that "citizens should have no concerns for democracy," and warned ratings egency S&P "not to mess with Turkey."

Why Citi Thinks "The Pokemon GO Threat Is Real"

The avg. U.S. iOS user is spending over 33 minutes playing Pok√©mon GO each day. This places PG ahead of apps such as Facebook, Snapchat, Twitter, and Instagram. Although we believe that PG is adding some incremental time to total smartphone time, we think it would be wrong to assume that the app’s success is not coming at the expense of other players.... , YouTube and TWTR are seeing the largest decreases in avg. time spent per day.

S&P Sees A "Crisis Of Confidence Around The Globe" As Corporate Debt Hits $75 Trillion In 2020

"A worst-case scenario would be a series of major negative surprises sparking a crisis of confidence around the globe. These unforeseen events could quickly destabilize the market, pushing investors and lenders to exit riskier positions (a ’crexit’ scenario). If mishandled, this could result in credit growth collapsing as it did during the global financial crisis.”

Stocks Went Up...Again

"My Own People Hate Me!" - Black Brooklyn Cop Slams "False Narrative Of Black Lives Matter"

"I haven’t slept well in the past few nights. Heartbreak weighs me down, rage flows through my veins, and tears fills my eyes. I couldn’t help but wonder if it had been me, a black man, a black cop, on TV, assassinated, laying on the ground dead... would my friends and family still think black lives mattered? Would my life have mattered? I realized...  Black Lives do not matter to most black people. Only the lives that make the national news matter to them. Only the lives that are taken at the hands of cops or white people, matter. The other thousands of lives lost, the other black souls that I along with every cop, have seen taken at the hands of other blacks, do not matter."

Intel Reports Worst GAAP Earnings Since 2009; "Beats" Expectations Thanks To $1.4 Billion In Addbacks

Just like Microsoft, Intel engaged in yet another egregious non-GAAP fudging exercise when it reported non-GAAP EPS of only $0.27, which however promptly rose to $0.59, beating expectations of $0.54, only thanks to $1.4 billion in restructuring charge addbacks.

Anti-Trump Protester Pepper-Sprayed, Arrested After Burning US Flag In Cleveland

Police and fire officials moved rapidly in Cleveland as an Anti-Trump protester - reportedly a Communist party supporter - set fire to the US flag.

Wikileaks Is About To Expose The Turkish 'Coup', But Someone Is Trying To Silence Them

Wikileaks claimed Monday it was under attack after it announced it would release hundreds of thousands of documents related to Turkey and the failed military coup attempted Friday.

Saudi Clerics Unleash New Fatwa On Pokemon Game

Following Indonesia's ban and issuance of a 'national security threat', Reuters reports that Saudi Arabia's top clerical body has renewed a 15-year-old edict that the Pokemon game franchise is un-Islamic.

Another Bad Month For Truck Shipping

Truck shipments and expenditures are below the June level of 2015, 2014, and 2013.

Milo Yiannopoulos Responds To Twitter Ban

"Twitter is perfectly happy to host ISIS, to host death threats against Donald Trump supporters and they do nothing in any of these cases. But if you make a joke about a feminist, or if you dislike the new Ghostbusters movie, or if you have the audacity to dislike the work in Hollywood of someone who happens to be black, or happens to be a woman and you get suspended, that's absurd."

VIX Hits 11 Handle - Crashes At Fastest Pace In History

In the 17 trading days since Brexit, VIX has fallen 15 of them plunging from almost 27 immediately after the British vote to 11.4 lows this morning - the lowest since August 2014. This collapse is the fastest in the 26 year history of VIX.

The ECB May Run Out Of German Bonds To Buy In Just A Few Months: Here Is How It Can Fix This

The ECB may run out of eligible German bonds to monetize in just a few months unless it changes the construction of its bond buying program. Here is how it may do that as soon as tomorrow.

Energy Is The Reason Europe Is Still Backing Erdogan

A lot of people in Europe are wondering why political leaders on the continent seem to be ready to agree with whatever Turkish President Recep Tayyip Erdogan says, and do anything he demands. Many resent Erdogan’s hand-twisting approach to the migrant crisis and worry about Turkey turning into a dictatorship, plain and simple. This is why...

100 Jihadis Enter Syria From Turkey Each Week, French Intelligence Finds

"According to the Direction for Military Intelligence (DRM) in Paris, each week, about 100 foreigners continue to cross Turkey into Syria to join Islamic State," French newspaper Le Figaro reported Wednesday, according to Reuters.  The estimate is likely to raise scrutiny on Turkey's effectiveness as a partner in the fight against ISIS, in particular following a failed military coup attempt last week.

"The World's Central Banks Are Making A Big Mistake"

Debt is future consumption brought forward. Once debt is incurred, consumption that might have happened in the future won’t happen. And it should come as no surprise that at a certain debt level, growth and income begin to diminish. That is exactly what we are seeing in the real world.

Papa John's Upgraded On Expectation Civil Unrest, Rioting Will Lead To More Pizza Deliveries

Who says that rioting is bad for business. According to KeyBanc analysts, the recent surge in civil unrest is just what Papa John's ordered, because the catalyst used to justify an upgrade of the pizza chain to overweight, is that consumers - worried about terrorism, political and civil unrest - will choose to stay home and order pizza rather than head out for a meal.

America Is About To Explode And Entire Cities Will Become War Zones

from BugOut News:
By now most Americans who lean, politically, to the Left have made up their minds about the so-called “epidemic” of police shootings of black men around the country. It’s real, cops are the real threat to peace, and none of the men who have been killed in recent years were doing anything wrong.
That is the narrative being put out by the race-baiters and race hustlers for the purpose of agitation; they are seeking radical changes in the way America is governed. The fact that there isn’t an epidemic and that whites and Hispanics are actually being killed at higher numbers by police doesn’t matter; it runs counter to the narrative being put out by the mainstream media and others, so it is a fact that gets trampled under the feet of so many protestors.
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Donald Trump Rejects Melania Speech Writer's Resignation

Following calls yesterday for the Trump campaign to "fire someone," over the Melania-speech-plagiarism debacle, Meredith McIver - the Trump staff-writer responsible for the 'passages' from Michelle Obama's speech - has offered her resignation... but Donald Trump rejected it as an "innocent mistake.". McIver's statement notes "no harm was meant" to Michelle Obama.

The Oddly "Inconsistent" Event That Has Turkey Wondering If The Entire Coup Was Staged

According to the official narrative, there was an attack on Saturday morning by helicopter-borne commandos against a resort hotel in Marmaris. Erdogan was meant to be staying there. But the attack took place nearly an hour after every news channel in Turkey beamed images of Mr Erdogan addressing the nation from the airport in Istanbul, some 750km away.

Prominent Journalist Killed In Ukraine When Car Bomb Explodes In Broad Daylight

In a stark reminder of how precarious the situation remains in Ukraine two years after a coup took place, which ushered in a new-pro Western government and which the western democracies had no objections against, earlier today a prominent journalist working for the online investigative website Ukrayinska Pravda was killed by a car bomb in central Kiev early on Wednesday morning, in what President Petro Poroshenko said was an attempt to destabilize Ukraine.

The Helicopter Has Already Been Tested - And It Failed Spectacularly

Most of what passes for modern monetary policy is nothing more than one assumption piled upon another (and then another, and so on). Taken for granted for so long, rarely are these unproven precepts ever challenged to justify themselves to the minimal standard of internal consistency, let alone prove discrete validity by parts. The latest is “helicopter money”, another sham in a long line of them proffered by at least one central bank today because it knows, as the others, nothing they have done has worked.

HSBC Global Head Of FX Cash Trading Arrested At JFK Airport

A historic event took place moments ago when Mark Johnson, the global head of cash FX at HSBC was arrested at JFK airport for his role in a "conspiracy to rig currency benchmarks", and specifically for frontrunning customer orders. He is the first person charged by the US in the ongoing FX rigging probe.

Governments To Christians: Don’t You Dare Speak Out Against The Sexual Sin In Society

by Michael Snyder, End Of The American Dream:
In our upside down world, evil has become good and good has become evil. Once upon a time, everyone in society generally knew what was “right” and what was “wrong” even if they didn’t always abide by the rules. But now the rules have been totally flipped on their head. If you choose to live a lifestyle that is morally wrong, you are celebrated by society, and if you choose to speak out against the sexual sin that is exploding everywhere around us then you are considered to be a “hater” and a “bigot”. In fact, governments all over the world are now passing “hate speech” laws that are making it a crime to speak out against sexual sin. With each passing year it gets even worse, and those pushing this agenda forward are never going to be satisfied until those standing up for Biblical truth are locked away in prison.
And I was not exaggerating when I said that sexual sin is “exploding” in our society. One example of this is the stunning growth of “polyamory”. The following comes from a recent article in the Guardian that highlighted how the city of Portland in particular has become a hotbed for those that are into the “poly lifestyle”…
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It’s the Inflation Stupid!

by Andy Hoffman, Miles Franklin:
It’s Wednesday and whilst I know where today’s article – as well as the global commodity, currency, and financial markets – will end, it’s difficult to find a single topic to start with, given the myriad “horrible headlines” worthy of discussion. But since, ultimately, I seek to inform you about Precious Metal prices, I’ll start with the past two weeks’ “trading,” and what it portends.
Going back to last month’s BrExit referendum – whose “PM-bullish” political, economic, and social ramifications will be felt for years to come – the stock market’s “gut reaction,” rightfully so, was to sell off; as did currencies, commodities, and every “risk” asset imaginable. Conversely, Precious Metals, Bitcoin, and sovereign bonds surged – the former two due to real safe haven status; and the latter, the artificial safe haven status created by the front-running of ZIRP, NIRP, and QE “to infinity” policies.
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Six Major Events That Will Change History

by Egon Von Greyerz, Gold Switzerland:
Investors globally have never faced risk of the magnitude that the we are now exposed to. But sadly very few are aware of the unprecedented risks the world is facing. For the ones who understand risk and take the right decisions, it will “lead to fortune”. Only very few will choose that route. Instead most investors will continue to live in the hope that current trends will go on forever but sadly these people will end up “in shallows and in miseries”.
Risk is now staring us all right in our face but very few people can actually see it.
Let’s just be clear what some of the events that will change the face of the earth are:
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Why “Skin in the Game” is so Important to Your Investment Returns

by Marin Katusa, Katusa Research:
Have you ever waxed and polished a rental car before returning it?
Chances are good that you’ve never done it. Chances are good nobody you know has done it. Chances are good nobody, ever, has done it.
If you take a moment to think about why people don’t wax and polish rental cars, you can correct a major investment mistake that is probably costing you money right now. And you can vastly improve your investment returns.
People don’t wax and polish rental cars for the same reason they don’t mow their neighbors’ lawns: They don’t own them.
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China Flies Nuclear-Capable Bomber Near Scarborough Shoal, Vows to Make South China Sea Patrols ‘Regular Practice’

by Jesse Johnson, The Japan Times:

China’s air force has announced that it recently flew long-range, nuclear-capable aircraft over the South China Sea, including near the flash point Scarborough Shoal, and that the patrols would become a “regular practice.”
The official Xinhua News Agency quoted military spokesman Shen Jinke as saying late Monday that the air force had sent H-6K bombers and other aircraft, including fighter jets, to patrol islands and reefs, less than a week after a U.N.-backed international tribunal rejected Beijing’s historic claims to much of the South China Sea.
“To effectively fulfill its mission, the air force will continue to conduct combat patrols on a regular basis in the South China Sea,” Shen was quoted as saying.
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America is Being Divided and Conquered Into Oblivion

by Michael Krieger, Liberty Blitzkrieg:
Or take the right to vote. In principle, it is a great privilege. In practice, as recent history has repeatedly shown, the right to vote, by itself, is no guarantee of liberty. Therefore, if you wish to avoid dictatorship by referendum, break up modern society’s merely functional collectives into self-governing, voluntarily co-operating groups, capable of functioning outside the bureaucratic systems of Big Business and Big Government.
-Aldous Huxley, in Brave New World Revisited (1958)
The single event that changed my life more than any other was TARP, aka the banker bailout. The unfairness, extreme greed and selfishness with which the status quo bailed out financial criminals while leaving the public high and dry changed me forever. When it comes to shaping American history, it is equal in importance to the attacks of 9/11.
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This Is What Hyperinflationary Collapse Looks Like

from ZeroHedge:
There was some good news for citizens of Venezuela yesterday, when the government – having mostly given up on trying to provide its citizens’ with even the most basic food needs – announced it has opened its border with Colombia for the second time this month to allow people to buy food and medicine unavailable at home in their country’s collapsing economy. Colombia’s government said 44,000 people crossed on Saturday to buy food, medicine and cleaning products and said it expected that number to almost double on Sunday.
Bus terminals were packed and hotels filled to capacity in the border town of San Antonio, with many traveling hundreds of miles to shop.
The result of the scramble to obtain much needed staples is shown in the photos below.
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Peter Schiff – All Coming to Pass as Peter Said it Would

by Kerry Lutz, Financial Survival Network:
Peter Schiff and I have been speaking for 5 years now. We’re seeing state sponsored civil unrest. 2016 is the beginning of the process that Peter has been warning of. People have been distracted by the bubble that the Fed blew. Bernanke was the hero. However, the reality is that everything that was done actually made the problems much worse and now we’re heading for a much worse disaster for which there are now bail-outs. There is no riding out this disaster.
Click HERE to Listen

Bankers: Massive QE4 Money Printing Coming! No Interest Rate Increase Until 2017!

from The Money GPS:


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