Wednesday, September 21, 2016

"Deutsche Bank May Ultimately Need A State Bailout" - Handelsblatt

"Some have even raised the possibility of a government bailout of Germany’s largest bank, which would be a defining event and a symbolic blow to the image of Europe’s largest economy."

I wished the FBI and CIA would stop leaving their False Flag materials lying around...

Times Square "Completely Shut Down" Due To 'Suspicious Package'

The NYPD has descended on 42nd St. between 7th and 8th Avenues in Manhattan where a suspicious package was reported. As Fox5NY reports, the street has been closed while police investigate.

Obama is Protecting the Terrorists, America to the Rescue of ISIS-ISIL-Daesh. Testimonies of Syrian Soldiers Who Witnessed the US Airstrikes

by Prof Michel Chossudovsky, Global Research:
These testimonies by Syrian soldiers who are fighting the Islamic State rebels (ISIS-Daesh) confirm what we already know. The United States of America is not fighting the terrorists in Syria.
The Obama administration, with the support of its allies including Turkey and Saudi Arabia, is supporting the Islamic State (ISIS Daesh)
Obama’s counterterrorism campaign in Syria and Iraq is bogus.
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Money Laundering Scheme Exposed: 14 Pro-Clinton Super PACs & Non-Profits Implicated

If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.

This Is What $50 Million Gets You (If You're Hillary Clinton)

Hillary Clinton spent $645,000 more a day than her opponent Donald Trump last month, but, as AP reports, even with her $50 million campaign outlay, she has not been able to pull away from him in the race for the White House.


by Geoffrey Grider, Now The End Begins:
The News-Press estimated the crowd at more than 8,000 people and the heat at over 90 degrees outside the arena where attendees stood before gaining entrance to the event.
Meanwhile Hillary Clinton spoke at Temple University the same day in Philadelphia, Pennsylvania. It was reportedly attended by less than 200 people. At the event targeted to millennial voters she acknowledged a need to court the youth vote, according to local NBC10 News. Clinton’s campaign launched “Pennsylvania Millennials for Hillary” aimed at showing support for boosting youth economic opportunities and dealing with college debt.
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Bill Blain: What The BOJ Just Did Is "Recipe For Disaster"

"I rather suspect the horrible truth will soon be out. The last 7 years of extreme monetary experimentation has created a mutant economy... where the only beneficiaries have been holders of financial assets. Investors have been loath to invest in real plant, infrastructure or jobs because the returns look so limited by artificially low

Gold & Silver Surge, Break Technical Levels

Gold and silver are surging this morinng after BoJ's disappointment as a stronger yen weighs on the USD index. Heavy volume has lifted Gold off key technical support and silver through a major technical resistance...

FX & Bond Markets Ain't Buying What The Bank Of Japan Is Selling

Equity markets are stronger on the back of financials  - helped by BoJ's plan to steepen the Japanese bond curve - but judging by the strengthening in the Yen, FX markets are non-believers. The lack of additional easing is largely being heralded as a disappointment (no lower NIRP and no increased buying) and many are questioning the kneejerk bounce in stocks (as bank balance sheets face trauma from the 'reverse twist' effect on the long bonds).

JPM Downgrades Wells Fargo; Expects More Probes "Following Tough Senate Hearings"

One day after what was a rather disastrous hearing for Wells CEO John Stumpf, which culminated with a Senator telling the embattled chief executive he may want to consider going to prison, the bad news continued overnight when the bank that overtook Wells in the "biggest US bank by market cap" category, JPMorgan, downgraded Wells to Netural, cutting its price target from $53.50 to $48.00 as a result of "tough Senate hearings and mounting public scrutiny following the opening of fraudulent accounts."

Larry Summers Lashes Out At The Fed: "Tweetstorms" Why Yellen Should Not Raise Rates

There was a time when former Harvard head and Democratic administration darling, Larry Summers, would draw out a crowd at every public appearance. Those days are gone, however, and now the formerly corpulent cogitator is forced to resort to Twitter for his rants, such as the one he unleashed early this morning when in "tweetstorm" of 11 consecutive tweets he slammed Yellen for even daring to think about tightening.

Global Stocks Rise After "Disappointing" BOJ Announcement: All Eyes On Janet Yellen

While the BOJ may have disappointed with its latest iteration of monetary policy, now known as "QQE with Curve Control", Asian and European stocks as well as U.S. equity index futures rallied in early trading perhaps on the back of the bounce in the USDJPY which has now completely faded.

"Disappointing And Underwhelming" - An Unhappy Wall Street Reacts To The BOJ's Latest Announcement

Just after midnight east coast time, the BOJ presented its new and improved monetary policy dubbed “QQE with Yield Curve Control,” in which the central bank said it would buy JGBs such that 10-year yield remain at the current level of around zero percent. The BOJ will also buy JGBs at designated yields, and generally steepen the curve even as it failed to lower rates or add more QE. Wall Street took one look at what the BOJ came up with... and hated it immediately.

With Trump Regaining North Carolina Lead, Hillary Unexpectedly Postpones Local Fundraiser "Without Reason"

With Trump regaining the lead in the key battleground state of North Carolina, we found it surprising that with Hillary's desperately needing to make an appearance, overnight CBS reported that Clinton campaign officials said that a Tuesday fundraiser in Chapel Hill was postponed. No reason was given for postponement of the Clinton event.

Martin Armstrong On "The Coming Dark Age"

"The system as we know it is always doomed to failure simply because we are satisfied as a whole with bread and circuses and let politicians run wild in their greed. Hillary is the example for everyone to see..."

Hillary's "Hispanic Problem" - Trump May Be Doing Better With Hispanics Than You Thought

A look at recent polling data suggests that Trump may not be doing as poorly with Hispanic voters as you thought.

Could Germany Ever Allow Deutsche Bank To Go Under?

So Germany ignores all the FSB rules and regulations and bails Deutsche bringing it into government ownership/protection –  call it what you like. In so doing it demolishes the entirety of European policy regarding bail-ins, government debts and austerity. The Bundesbank, Berlin and the ECB would have no authority at all. Every country would have a green light to do the same for their flag carriers. It would be the end the European experiment.

Bank Of Japan Maintains Bond-Buying Pace With "Yield Curve Control", Leaves Rates Unchanged, But Offers Hope For Moar

The BOJ disappointed by unveiling a lackluster package that sent stocks lower and JPY higher initially - bigger ETF buying, maintains rates (no easing), maintains bond-buying (no easing), unveils "yield curve control" (steepens curve but crushes bank balance sheets through long bond MTM losses). But then offered some hope by noting that the monetary base may fluctuate to achieve yield-curve control (which markets liked as it implies the possibility of more easing).

Protecting America's Children From Police-State Goons, Bureaucratic Idiots, & Mercenary Creeps

This is the tyranny of the Nanny State: marketed as benevolence, enforced with armed police, and inflicted on all those who do not belong to the elite ruling class that gets to call the shots. The lesson is this: once a free people allows the government inroads into their freedoms or uses those same freedoms as bargaining chips for security, it quickly becomes a slippery slope to outright tyranny.

Obama Pitches Globalism, TPP at UNGA

from TRU News:
President Obama told the UN General Assembly Tuesday that he believes in a “liberal political order”, and as part of that the US should strive toward globalism.
Obama called for better trade agreements like TPP.
Obama claims: “The world is by many measures less violent and more prosperous than ever before.”
“Our societies are filled with unease and strife.”
“The integration of our global economy has made life better for billions.”
“Work together to see the benefits of integration are more broadly shared.”
Obama noted: Globalization and rapid progress of technology have diminished ability of workers to earn a decent wage with many good paying jobs disappearing.
“I do not think America can or should impose our model on other countries.”
“I am not neutral in that conflict. I believe in a liberal political order.”
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The Central Bank of Russia Adds 700,000 Ounces of Gold To Reserves in August

from Smaul gld:

Me and Manager Dan

by Richard Daughty, The Mogambo Guru, Gold Seek:
I have been advised many, many times that I would suffer a lot less seething hostility from co-workers, neighbors and family members (including the one, not mentioning any names, that promised to love, honor, ‘til death do us part with this ring I thee wed blah blah blah) if I would stop being so critical of people, to the point of cruelly belittling these, what is the word I am looking for? morons.
Like the evil Federal Reserve and self-delusional Keynesian econometric lunatics, for example.
As for the vast majority of people who do not, or ever did, deserve such ill-treatment, I am ashamed of myself, and I apologize.
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Chinese Consider Home Prices “High and Hard to Accept,” but Buying Frenzy Surges

by Wolf Richter, Wolf Street:
When will the Home Price Bubble blow up?
Home prices in China are “high and hard to accept,” said 53.7% of the respondents in a survey by the People’s Bank of China, published today in the People’s Daily, the official paper of the Communist Party. Only 42.9% found them “acceptable.” And only 23.1% predicted that they would rise next quarter, while 11.9% expected them to fall. But that isn’t stopping people from wanting to participate in this frenzy:
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Bye Bye Deutsche Bank

by Dave Kranzler, Investment Research Dynamics:
No way to know for sure when the Bundesbank, Fed and ECB lose control of Deutsche Bank’s balance sheet. But its stock price just hit an all-time low since its NYSE-listing in October 2001.
Anyone who owns the Deutsche Bank “Tier 1” bonds should sell them now. They are currently yielding about 8%, which puts on the same “tier” as U.S. triple-C (CCC/Caa) rated credits.
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REVOLVING DOOR OF US GOV’T-CORPORATE FASCISM: John Boehner Cashes Out, Joins Corporate Lobbying Firm That Represents China

by Lee Fang, The Intercept:

JOHN BOEHNER, THE RETIRED speaker of the House, is monetizing his decades of political relationships and cashing out to serve some of the most powerful special interests in the world.
Boehner is joining Squire Patton Boggs, a lobbying firm that peddles its considerable influence on behalf of a number of foreign nations, including most notably the People’s Republic of China. Serving Beijing is somewhat appropriate: Boehner has long been a supporter of unfettered trade, helping to lead the effort to grant Most Favored Nation status to China. Squire Patton Boggs also represents a long list of corporate clients, including AT&T,, Goldman Sachs & Co., Royal Dutch Shell, and the Managed Funds Association, a trade group for the largest hedge funds in the country.
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Trump & the Press — A Death Struggle

by Patrick J. Buchanan,

Alerting the press that he would deal with the birther issue at the opening of his new hotel, the Donald, after treating them to an hour of tributes to himself from Medal of Honor recipients, delivered.
“Hillary Clinton and her campaign of 2008 started the birther controversy. I finished it. … President Barack Obama was born in the United States. Period.”
The press went orbital.
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from Harvey Organ:
The Shanghai fix is at 10:15 pm est and 2:15 am est
The fix for London is at 5:30 am est (first fix) and 10 am est (second fix)
Thus Shanghai’s second fix corresponds to 195 minutes before London’s first fix.
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