Friday, September 30, 2016

7 Things You Need to Know: “New World Money” Goes Live Tomorrow

by Jim Rickards, DailyReckoning:
1) Is tomorrow THE day that the dollar “dies” and is replaced?
Tomorrow, Sept. 30, is when the International Monetary Fund (IMF) officially adds the Chinese yuan to its basket of currencies comprising its special drawing right (SDR). It has enormous long-term implications for the dollar.
Does that mean the dollar becomes worthless overnight? Of course not. Tomorrow’s event may not even make major headlines. You won’t hear about it in the news. And it won’t cause the dollar to crash immediately. This is a development with long-term implications, but in itself, it will not make waves. But that’s the point — the dollar will die — but with a whimper, not a bang.
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Bill Holter’s Commentary
This toon is very appropriate and very timely …but please don’t “laugh” at it!
I did not intend to write today but 3 events warrant a heads up.
1. Deutsche Bank may be having their “Lehman moment” as 10 hedge funds have withdrawn funds and are cutting exposure with DB.
This is how a “bank run” starts folks! Quite convenient that this Monday I believe is a banking holiday in Germany. If this is truly a Lehman moment, we will have a far larger event in a very compressed timeframe than we had in 2008.
2. The veto of the Saudi 911 bill was overridden in the House and Senate.
The ramifications of this are beyond human comprehension to understand how widespread the fallout can be. Think “Rollover” by multiples with the added negative the U.S. is no longer the sole military superpower in the world. I wrote about this last week, the important thing to understand is the assets that get sold in dollars…will not remain in dollars very long!
3. It looks like John Kerry is threatening to cut off diplomatic ties with Russia.
This is horrific on so many levels, particularly to the survival of the human race. Please understand the “timing” of this particular item. All three of these events are happening at one time, if you believe it’s a “bad coincidence” you are wrong in my opinion. The takedown of the Western standard of living is happening in real time, right now. Ignore this at your own risk!
Standing watch,
Bill Holter
Holter-Sinclair collaboration.


[pictured: DB’s Derivatives exposure]
by Andy Hoffman, Miles Franklin:
I don’t normally write Friday morning, in lieu of waiting for the week’s trading to close. However, as my entire family is flying in to celebrate Diana’s 50th birthday – from New York, New Jersey, Maryland, Florida, and California – I’m going to make an exception. Quite exciting – and terrifying; as I have no idea if today will indeed be the bloodbath it has all the potential in the world to be, or if the powers that be will be able to muster enough money printing, market manipulation, and propaganda to stave off panic through the weekend.
A weekend, I might add, that not only includes the expiration of the U.S. fiscal year at midnight tonight – with not even a whiff of a 2017 budget proposal in the air, making a government shutdown tomorrow morning highly possible; but a three-day weekend in Europe, given the…I kid you not…”banking holiday” scheduled for Monday.
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Stocks Soar After French Press "Confirm" Deutsche Bank Near Settlement With DOJ

Seemingly confirming the rumor, Agence France Press reports that Deutsche Bank is nearing a $5.4 billion settlement with the US Justice Department. This has catalyzed another leg higher in Deutsche Bank stock and lifted the whole market.

Rumor Rescues Deutsche From Banking Bloodbath But Gold Tops Stocks In September

Is America Still A Serious Nation?

Is America still a serious nation? Consider. While U.S. elites were denouncing Donald Trump as unfit to serve for having compared Miss Universe 1996 to “Miss Piggy” of “The Muppets,” the World Trade Organization was validating the principal plank of his platform. America’s allies are cheating and robbing her blind on trade.

Citi Trader: "I Almost Feel Stupid Being Bearish "

"I almost feel stupid being bearish given it has been such an incredibly popular and incredibly losing strategy for so long and there have been so many false starts over the past few years."

BofA Upgrades Deutsche Bank's Cap Structure Despite Admission "Does Not Particularly Like It"

"We do not particularly like the profile of a credit where performance is skewed to an outcome that is so inherently unpredictable – in this case, guessing what a regulatory fine will be....  DB is likely to be a weak bank for several years from now, though, even with a capital increase."

Secret Swiss Military Bunkers Being Filled With Gold By Billionaires Seeking "Alternatives To Bank Deposits"

“There is growth in gold.  Since 2008 there has been a real interest in alternatives to bank deposits.”

Clinton Foundation 'Deal' Unleashes Italy's Anti-Trump Front

Mrs. Clinton musters foreign support in a desperate attempt the regain her lead.

Satellite Imagery Reveals China's Strategic Petroleum Reserve Is Vastly Greater Than Disclosed

According to satellite images by geospatial analytics startup Orbital Insight, China, has not only misrepresented how much oil it has stored, it has done so at a massive scale, with the real number dwarfing even JPM own estimate: the real amount of Chinese oil in storage, according to Orbital, was a whopping 600 million barrels as of May, a number which may have risen to well over 700 million barrels as of September.

Inside France's "The Jungle" Migrant Camp

... the government's "irresponsible" plan to relocate migrants in Calais to other parts of France... would "proliferate a multitude of small Calais, genuine areas of lawlessness that exacerbate lasting tensions throughout the country."

Project Mayhem - Man Calmly Enters Apple Store And Crushes Every iPhone In Sight With A Ball Bearing

Amazing video of a Frenchman calmly walking into an Apple store and proceeding to crush every single iPhone in site with a metal ball bearing..

US Oil Rig Count Rises Most In Q3 Since 2009

Q3 ends with a 29% rise in US oil rigs - this is the biggest rise since Q4 2009. Oil rigs have risen 14 weeks in a row (up 7 this week to 425, the highest since Feb 2016).

The Fed's Monetary Politburo Is Finally Catching Some Flack

“As the saying goes, perception is reality,” Garrett told Yellen. “Whether you like it or not, the public increasingly believes that the Fed’s independence is nothing more than a myth.”

Congress Gets "Case Of Rapid-Onset Buyer's Remorse" One Day After Passing 9/11 Bill

“Everybody was aware of who the potential beneficiaries were but nobody had really focused on the potential downside in terms of our international relationships, and I think it was just a ball dropped” - Mitch McConnell

Did Trump Support The Iraq War Or Not?

The way Lester Holt “corrected” Donald Trump at Monday’s debate (as he was clearly instructed to do) regarding the Iraq War, you’d think the answer to whether he supported it or not was clear-cut. The truth is, it may not be that simple. Meanwhile, we know for sure which candidate absolutely loves war and leaves a trail of death and destruction in her wake: Hillary Clinton.

Greece Says It's "Safe" From Deutsche Bank Turmoil

"Greek banks not at risk from turmoil in European banks..."

Cash Funding Shortage Soars To Highest Since Financial Crisis In Repo

As Europe's Dollar Shortage Intensifies, Funding Pressure Surges Most In 4 Years

As the world wakes up to the fact that Deutsche Bank is not Lehman - it's massively bigger, and massively more systemic, oh and it has depositors contagion is spreading through global funding and asset markets.

America is on a Slippery Slope

by Alasdair Macleod, GoldMoney:
It hadn’t happened before, at least not since US presidents started visiting foreign countries after the Second World War.
In early September, when President Obama landed at Hangzhoi for the G-20 summit in early September, the CIA security men were told in no uncertain terms by the Chinese that they were not in charge of landing arrangements, and that the President would disembark by the rear exit. It had the hallmarks of a calculated snub, as did the obligatory photograph of the world’s leaders, where the President was placed firmly on the far left, and not near the centre, which is customary.
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V Guerrilla Economist: China Setting Up A Gold Control Move

from The Daily Coin:

Deutsche Bank, Japan Bonds, SDR China, Saudi USTs, One Heck of a Weekend: Open Thread

from Rogue Money:
Dear Rogue Money Readers: we are posting this Open Thread to encourage Reader Comments in the spirit of “if you hear something, say something” as the Maelstrom of Autumn 2016 begins to unfold. The specific data points that I am watching as Q3 winds down tomorrow are listed below. But, as W. has reminded us, “Expect the Unexpected,” and absolutely ANYTHING can happen now between today and next Monday… and beyond as we steer through the treacherous waters of October.
Shout-out to V. and to Ken Schortgen Jr. for sounding the preliminary alarm bells. You’ll want to start with these Youtubes:
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The World’s Economic System Failing Fast: China on Brink

from The Daily Bell:
ECB and Italy’s bank rescue fund head clash over bailout rules … The European Central Bank and the head of Italy’s bank rescue fund clashed on Monday over the European Union’s tough conditions on state aid for troubled banks. Speaking at the same conference in London, one of the ECB’s most senior supervisors said EU states should follow the bloc’s rules when it comes to dealing with problem banks while the head of Italy’s Atlante fund called the resolution process “absurd.” – Reuters
More bad financial news. Italy, Germany and China continue to decay economically as they move toward financial catastrophe.
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Al-Nusra Commander: US, Israel, Saudi’s Back ISIS

from TRU News:
Jabhat al-Nusra unit commander Abu Al Ezz told Koelner Stadt-Anzeiger newspaper journalist Jurgen Todenhofer that the US, Israel, and Saudi Arabia support and arm terrorist groups in Syria.
“Yes, the US supports the opposition [in Syria], but not directly. They support the countries that support us. But we are not yet satisfied with this support.”
Jabhat al-Nusra unit commander Abu Al Ezz: Militants should be receiving more “sophisticated weapons” from their backers to succeed against the Syrian government.
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Cancer Healing – A Natural Alternative

by Jonathan Landsman, Natural News:
By the end of 2016, the American Cancer Society estimates that cancer will have claimed over 595,000 lives: that’s 1,630 people per day, in this year alone – making cancer second only to heart disease as the leading cause of death in the United States. In addition, over 1.6 million new cases of the disease are expected to be diagnosed. (Our medical approach MUST change)
Suppressed natural therapies for cancer revealed. On the next NaturalNews Talk Hour, Jonathan Landsman and Linda Isaacs, MD – board certified in internal medicine will talk about a 3-prong approach to healing cancer without the need for toxic drugs. If you or someone you know is suffering from cancer, you won’t want to miss this lifesaving information.
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