Tuesday, August 16, 2016

Soros Hack Reveals Plot Behind Europe's Refugee Crisis; Media Manipulation; Cash For "Social Justice"

Following the hack of the Soros Open Society Foundation hack by the DCLeaks collective, several notable revelations have emerged among the data dump of over 2,500 documents exposing the internal strategy of the organization. Here are some of the most notable.

Edward Snowden Explains The Historic NSA Hack: "This Escalation Could Get Messy Fast"

Still think your vote counts...

"To Ensure Her Election": Wasserman-Schultz Admits She Really Worked For Hillary While At DNC

Still don’t believe that elections are rigged, and that the whole thing is a sham?

The Real Existential Threats Of 2016

"If one belongs to that third of the nation that pays no income taxes but receives copious benefits, why would you vote for a party that will cut taxes you don’t pay, but take away benefits you do receive?" And so they did, and so they do. But this is a game that cannot go on forever.

An Unexpected "Biggest Tail Risk" Emerges Within The Investing Community

According to the latest FMS, the biggest tail risk is no longer Renewed China Devaluation, as was the case in July, followed by "a crash in the European bond market." Instead the biggest concern cited by some 22% of respondents in the month of August was "EU disintegration."

Oil Panic-Buyers Ignore US Dollar Bounce

The market remains glommed onto Saudi comments from a few days ago, choosing to ignore the real bearish fundamentals which are getting worse. This morning's USD weakness sparked some oil momentum... but once the USD started to bounce higher so oil ignored it and melted up...

Why Paul Krugman Should Go Back To 5th Grade

Economist Paul Krugman is whining for more fiscal stimulus, his favorite pastime by far. Krugman’s target this time is Japan... "The average 5th grader understands it’s absurd to pay money for something guaranteed to be useless, but the average Keynesian economist doesn’t."

Gilts Slide After BOE 15Y+ POMO Closes Without A Glitch

The BOE buyback across the 15Y+ sector saw the offer-cover ratio rise to 2.67x after being uncovered at 0.96x last week. More notably, the bank bought most bonds at a discount of 7p-45p, with just three issues bought at a premium of 1p-9p. As a result of today's successful operation, Gilt futures slid and yields jumped, as the much-favored QE spot on the curve, 15-20Y sector, continued to lead losses.

The Deep State's Catch-22

What happens if the Deep State pursues the usual pathological path of increasing repression? The system it feeds on decays and collapses.

Opium Rules: Afghan Oil Will Never Get Out Of The Ground

Afghanistan may have mouth-watering oil riches, but opium still rules this economy amid a lack of any real investment in getting oil and gas out of the ground.

US Industrial Production Slumps To Longest Non-Recessionary Contraction Is History

For the 11th month in a row, US Industrial Production fell YoY (down 0.53%) in July - the longest non-recessionary period of contraction in US history. Month-over-month, IP rose 0.7% (beating an 0.3% expected rise) - the best since Nov 2014 - but June was revised notably lower. Overall, all confirming the plunge in productivity seen last week. The decline since its peak in Nov 2014 (ironically the month after The Fed's QE3 ended) is the biggest drop since September 2008.

US Dollar Jumps As Hawkish Dudley Says "September Is Possible.. Market Underpricing Rate Hikes"

"10Y yields are pretty low given the circumstances... the market is complacent about the need to gradually hike rates and the time for a rate hike is edging closer."

Housing Starts Jump On Spike In Rental Units As Permits Decline

While the single-family housing stagnation continues, multi-family, or rental, housing starts and permits jumped in the month of July according to the latest Census data.

Core CPI Remains Above Fed Mandated 2% For 9th Straight Month

Core CPI (ex food and energy) rose 2.2% YoY (below the 2.3% expectations) but remains above The Fed's 2%-mandate for the 9th straight month. The modest disappointments across the board in CPI data were led by a drop in energy-related prices (down 1.6%) with food prices unchanged. The headline CPI data was unchanged month-over-month, the weakest price change since Feb 2016.

US Dollar Dives To 3-Month Lows As Rate-Hike Odds Slide

Bloomberg's US Dollar index has tumbled most in a month to 3-month lows overnight - led by Yen and Swissy strength - as it appears the sudden realization that The Fed is on hold no matter what ripples across FX markets. Sept rate hike odds are back below 10% and even Dec odds are below 30% as a series of weaker than expected US macro data blows the recovery narrative...

Soros' S&P Puts Soar Near Record High As Percentage Of AUM

Soros bearish turn was reported over two months ago, when the WSJ reported that the recently hacked billionaire had returned to active investing at his Soros Fund Management with "Big, bearish" bets on economic turmoil. Yesterday, in his latest 13F we got confirmation of just that when the hedge fund revealed that it had doubled the amount of its SPDR Puts to 4 million, or a notional equivalent of $839 million as of June 30, up from $431 million as of Q1.

For The First Time, Russian Strategic Bombers Strike ISIS From Iran's Hamadan Air Base

Russian strategic bombers with full payloads delivered their first airstrikes on terrorist targets in Syria operating from an Iranian airbase, the Russian Defence Ministry said, after Moscow deployed Russian aircraft to an Iranian air force base to widen its campaign in Syria. This was the first time that Russia has struck targets inside Syria from Iran since it launched a bombing campaign to support Syrian President Bashar al-Assad in September last year.

Tumbling Dollar Sends USDJPY Under 100, Oil Over $46 As Gold Spikes; Futures Flat

Overnight, John Williams' latest uberdovish paper "Monetary Policy in a Low R-star World", which we profiled yesterday, and which suggests lower rates for far longer, made the rounds and has led to a steep 0.8% drop in the Bloomberg Dollar spot Index, which sank to its weakest since June while the yen strengthened 1.2 percent, slipping briefly below 100 against the greenback for the first time since June 24, pushing oil and gold higher, and Asian shares lower.

These US Senators Are Actually Trying to Stop The Government From Doing Something Terrible

U.S. senators are attempting to block the State Department’s deal to sell Saudi Arabia nearly $1.5 billion in weapons, just days after the move was announced by the Obama administration.

Bundesbank Proposes Raising German Retirement Age, Sees Demographic Shock

Earlier today, in its monthly report, the German Bundesbank had some good and some not so good news. The good news was that, at least for now, the German economy is not being impacted by Brexit. The not so good news was that German central bank also quietly proposed raising the legal retirement age to 69 by 2060.

U.N. Peacekeepers, U.S. Embassy Stand Down As American Aid Workers Beaten, Raped In Sudan

"For hours throughout the assault, the U.N. peacekeeping force stationed less than a mile away refused to respond to desperate calls for help. Neither did embassies, including the U.S. Embassy..."

Pension Duration Dilemma - Why Pension Funds Are Driving The Biggest Bond Bubble In History

The looming pension catastrophe is an inconvenient fact for elected officials as well as union bosses and their membership.  Rational solutions like cutting benefits are not palatable to employees or the elected officials that require their votes.  As such, we suspect the problem will continue to be ignored until it boils over...

The Glue Holding America Together Is No Longer Binding

Often cited as an important reason for US success as a global power, our diversity has finally come home to roost, and it’s taking a destructive, cruel toll. A unique magic glue that we somehow thought would keep myriad groups in America working at unison with a common goal forever, has unhardened, lost both its adhesive properties and cohesive strength, leaving us with a divided America.  No; not as a simplistic two-part nation, but as a fragmented Humpty Dumpty beyond the conservative-liberal political fray.


from Smaul gld:

America: You Will Go Insane Because Of What Your Eyes Will See

by Michael Snyder, The Economic Collapse Blog:
A cloud of madness is descending on America, and most of us are completely unprepared for the chaos that will be unleashed during the months ahead. This morning, I was reading through Deuteronomy when I came to a phrase that really resonated with me. In the Modern English Version, this is what Deuteronomy 28:34 says: “You will go insane because of what your eyes will see”. As I read that, it struck me that this is precisely what America is heading for. There are going to be people that have vast quantities of food and supplies stored up that are still going to blow their brains out when they see what happens to this country because they don’t have any hope. Without hope, I don’t know how anyone is going to make it through what is coming. If you think that the unrest and violence in Milwaukee are disturbing, just wait for a while, because much, much worse is on the way.
Read More


from Harvey Organ:
For the August gold contract month, we had a small sized 44 notices served upon for 4400 ounces. The total number of notices filed so far for delivery: 12,824 for 1,282,400 oz or tonnes or 39.8880 tonnes. The total amount of gold standing for August is 43.7 tonnes.
In silver we had 0 notices served upon for nil oz. The total number of notices filed so far this month: 274 for 1,370,000 oz.
Read More @ HarveyOrganblog.com

George Soros Hacked, MSM Blames Russia; Many “Dissident” Orgs Revealed In Leaks

by Brandon Turbeville, Activist Post:
George Soros has been hacked and, according to the Western mainstream press, the Russians did it! In fact, that is the entirety of the story for most of the mainstream outlets – that the Russians hacked such an important American figure and therefore made their power play over American elections yet again. This Russian hack comes after Russians hacked the DNC, Hillary Clinton, hired Donald Trump to destroy the country and invented a time machine enabling them to go back in time and prevent the election of Barack Obama. It doesn’t matter that there is as much evidence for the latter as there is for the former, the mainstream outlets are wild with speculation and neo-McCarthyism.
It also doesn’t seem to matter that the hackers are apparently DC Leaks, an American-based hacking group that state as much openly in their own releases. In fact, the hacks themselves are not even garnering as much attention as the alleged and speculative identity of the hackers, another example of how the Western press is doing nothing but implementing damage control policies for their benefactor and co-conspirator.
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The Ugly Truth About Millennials

from ZeroHedge:
Today I asked my followers how would they describe Millennials and this is what I got:
“lazy”, “thin-skinned”, “spoiled”, “selfish”, “undisciplined”, “self-absorbed”, ”fragile”, “oblivious”, etc.
…and I can agree on this. This generation is really what you call it.
They have never been taught how to debate and formulate an argument, as another follower noticed. Now you may start shouting about terrible school education, but it’s the family which is to blame.
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Secret Service Confirm Hillary is Sick

from The Alex Jones Channel:

Bloomberg Article Bashing Gold Based on Phony Jobs Report

from The Daily Bell:
Gold Losing Appeal for Investors Retreating From Rally … ‘People don’t believe in the gold rally,’ Holmes says. Investors are growing more skeptical of gold’s lasting luster. Hedge funds and other speculators cut their wagers on a bullion rally for the fourth time in five weeks. As traders tire, the metal’s 30-day historical volatility has dropped to the lowest since November. Open interest is also on the decline. – Bloomberg
Here comes Bloomberg telling us gold (and silver) are moving down.
That’s the implication anyway. Bloomberg rarely has something good to say about precious metals. The news service represents and endorses a technocratic version of the world.
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Will Ireland Be First Country In World To See Bail-in Regime?

by Mark O’Byrne, GoldCore:
Deposit bail-in risks are slowly being realised in Ireland, after it emerged overnight that FBD, one of Ireland’s largest insurance companies, have been moving cash out of Irish bank deposits and into bonds.
Revelations regarding deposit bail-in risks came in the wake of warnings of a new property crash centred on the housing market in Ireland. The former deputy governor of the Central Bank warned in an op-ed in a leading international financial publication, Project Syndicate, that Ireland is at risk of another housing market crash.
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