Fed Admits Another $4 Trillion In QE Will Be Needed To Offset An "Economic Shock"

"Large-scale asset purchases and forward guidance about the future path of the federal funds rate have almost no ability to offset a shock in current circumstances, but down the road may be able to provide enough additional accommodation to fully compensate for a more limited [ability] to cut short-term interest rates in some, but not all and maybe even not most, circumstances."

Meet The Hedge Fund Puppetmaster Behind The US Presidential Election

One hedge fund has made it a virtual guarantee that no matter which presidential candidate loses, it will win.

Jeffrey Miller: "I Don’t Know How Dumb Things Will Get Before Central Banks Finally Stop"

According to Jeffrey Miller, "all the conditions for a market crash are in place" but when it happens is anyone's guess and ultimately depends on "how dumb things will get before" central banks finally stop.

Hungarian Politician Slammed For Suggesting Pig's Heads Along Border To Stop Immigrants

In an effort to ward off immigrants, Hungary had placed eerie 'scarecrow-like' masks - fashioned from vegetables - along its border fence. Responding to remarks that "your root vegetable heads will not deter them," Hungarian politician (and MEP) Gyorgy Schopflin, snapped back that he agreed, adding that "pig’s heads would deter more effectively." His comments were not well met...

As Predicted, Obamacare Is Absolutely Killing The Middle Class

The critics of Obamacare have been proven right... Just about everything that Barack Obama promised us about Obamacare has turned out to be a lie. So where is the accountability?

Merkel Accused Of "Fearmongering" After Telling Germans To Stockpile Food "In Case Of Catastrophe"

The German government's civil defence plan has been strongly condemned by the opposition party Die Linke (the Left Party), who accused Merkel that her proposal could result in a public frenzy. “By bringing out new plans all the time, the government could make people afraid people and even lead them to panic buy,” Dietmar Bartsch, co-chair of Die Linke told the Rheinische Post on Monday.

FBI Uncovers Over 15,000 More Emails In Clinton Probe

The FBI’s year-long investigation of Hillary Clinton’s private email server uncovered tens of thousands more documents from her time as secretary of state that were not previously disclosed by her attorneys. Worse still, as Judicial Watch details, “it looks like the State Department is trying to slow roll the release of the records."

Marx & Markets

Investors should check their ideologies and personal politics at the door. The fact is, that strong and enduring capital markets can only survive in truly capitalist economies, preferably with strong representative governments. With accretive capital formation in question, it occurs to us that the largest global capital markets have become little more than tools for Marx’s "ruling class" - in this case well-funded politicians and their patrons - to socialize the factors of production. Whether such a conclusion is good, bad or irrelevant to market performance is the focus of this report.

Embracing "Slavery" In Hillbama's America

Be careful what you hope-and-change for...

Jim Grant: "This Will Turn Out To Be Very Bad For Many People"

"The stock market is at record highs and the bond market is acting as if this were the Great Depression... the Fed is virtually a hostage of the financial markets. When they sputter, let alone fall, the Fed frets and steps in... the Fed is justified in that belief because it is responsible to a great degree for the elevation of financial asset values... and to me, gold is a very timely way to invest in monetary disorder."

One Trader's Advice If The "Ultimate Breakdown Is Likely To Be Sudden, Intense And Large"

When it’s clear the game has become rigged, it’s easier and less risky to stop playing that game, and go play a different game somewhere else... There is a huge disincentive to step boldly in the direction of sanity... which serves as a dangerous feedback loop to reinforce a false narrative that everything is awesome and under control.

"Orchestrated Chaos" - Stocks Rollercoaster Despite Oil, Dollar, Bond Yield Tumble

Congress Demand An Explanation For Epipen Price Increases; Mylan Slides

Senator Charles Grassley, an Iowa Republican, asked Mylan to explain a steep price increase in the price of Epipens in recent years, citing complaints from constituents who say they have to pay as much as $500 for one of the pens. Fearing a repeat of last year's pharma battering, Mylan holders promptly sold the stock.

The Collapse Of American Free Press: Martin Armstrong Rages "It's Just Over"

"It is a sad day for journalism. It has never been so manipulative than it is today. This is truly the end of everything that made America the beacon of liberty for the world. It is just a hallow shell. To think that the parents of these journalists worked hard to make sure their children had a better life. They have disgraced their parents."

The Collapse Of American Free Press: Martin Armstrong Rages "It's Just Over"

"It is a sad day for journalism. It has never been so manipulative than it is today. This is truly the end of everything that made America the beacon of liberty for the world. It is just a hallow shell. To think that the parents of these journalists worked hard to make sure their children had a better life. They have disgraced their parents."

How The GOP Got Trumped—–The Fiscal Follies Of Johnny Lawnchair And Faker Ryan

by David Stockman, David Stockman’s Contra Corner:
I am in the throes of finishing a book on the upheaval represented by the Trump candidacy and movement. It is an exploration of how 30 years of Bubble Finance policies at the Fed, feckless interventions abroad and mushrooming Big government and debt at home have brought America to its current ruinous condition.
It also delves into the good and bad of the Trump campaign and platform and outlines a more consistent way forward based on free markets, fiscal rectitude, sound money, constitutional liberty, non-intervention abroad, minimalist government at home and decentralized political rule.
Read More

Colin Powell Throws Hillary Clinton Under the Bus Over Email Scandal

by Patrick Howley, Breitbart:
Bush administration Secretary of State Colin Powell complained about his recent appearance in the headlines in connection with the Hillary Clinton private email server scandal.
“Her people have been trying to pin it on me,” Powell told PEOPLE magazine in the Hamptons this weekend.
Powell was referring to Clinton’s interview with FBI interrogators, in which she claimed that Powell told her in a memo that he used a private email server as Secretary of State and that she could too.
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IMAGINE THAT: KOCH BROTHERS LEAD THE BATTLE TO KEEP MONEY IN POLITICS

by Christina Sarich, Underground Reporter:
A state ballot measure seeking to end political corruption has won the ire of the billionaire Koch Brothers, who have relied on secret donations to conservative interest groups to influence elections coast to coast.
South Dakota’s Initiated Measure 22 (pdf), dubbed the Government Accountability and Anti-Corruption Act, seeks to “ensur[e] that special interest lobbyists and their cronies aren’t buying influence with our elected officials,” according to proponents South Dakotans for Integrity.
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Did Someone Just Try to Assassinate Julian Assange?… Attempted Break-in at Ecuadorian Embassy

by Jim Hoft, The Gateway Pundit:
Secretary of State Hillary Clinton knew that the US was sending arms from Libya to Syria back in 2011, a year before the Benghazi consulate attacks.
Hillary Clinton denied she knew about the weapons shipments during public testimony (under oath) in early 2013 after the Benghazi terrorist attack.
Senator Rand Paul questioned Hillary Clinton about this gun running program back in January 2013 during her testimony on the Benghazi terrorist attack.
Read More

Dollar Disaster Looms? China and Russian Currencies Break Away

from The Daily Bell:
Russia leaves the Dollar based monetary system and adopts a system of Sovereign Currency. The implications are phenomenal! “In 1990 the first priority of Washington and the IMF was to pressure Yeltsin and the Duma to “privatize” the State Bank of Russia, under a Constitutional amendment that mandated the new Central Bank of Russia, like the Federal Reserve or European Central Bank, be a purely monetarist entity whose only mandate is to control inflation and stabilize the Ruble. In effect, money creation in Russia was removed from state sovereignty and tied to the US dollar.”
Read More

Dollar Disaster Looms? China and Russian Currencies Break Away

from The Daily Bell:
Russia leaves the Dollar based monetary system and adopts a system of Sovereign Currency. The implications are phenomenal! “In 1990 the first priority of Washington and the IMF was to pressure Yeltsin and the Duma to “privatize” the State Bank of Russia, under a Constitutional amendment that mandated the new Central Bank of Russia, like the Federal Reserve or European Central Bank, be a purely monetarist entity whose only mandate is to control inflation and stabilize the Ruble. In effect, money creation in Russia was removed from state sovereignty and tied to the US dollar.”
Read More

 

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