Monday, September 26, 2016

"It All Has A Very 2008 Feel To It" - For Deutsche Bank, The News Just Keeps Getting Worse...

For most of 2016, Deutsche Bank shares had been sliding fast. On Monday, they crashed, down more than 7%, after Angela Merkel refused to consider a bailout for the troubled lender. The bank's bonds have slumped, while it default risk spiked. As some have correctly put it "it all has a very 2008 feel to it."

26 Incredible Facts About The Economy That Every American Should Know Before The Trump-Clinton Debate

Are you ready for the most anticipated presidential debate in decades? There will likely be quite a few questions about the economy, and without a doubt this is an area where Trump and Clinton have some very sharp differences.  The mainstream media would have us believe that the U.S. economy is in pretty good shape, and if that was true that would seem to favor Clinton.  But is it actually true? 

Nate Silver: 51.1% Chance Of Trump Winning If Election Held Today

Why The Deep State Is Dumping Hillary

The governed are ready for a period of retrenchment, consolidation and diplomatic solutions to unwinnable conflicts, as imperfect as the peace might be to hawks. For these reasons, the more adept elements of the Deep State have no choice but to dump Hillary. Empires fall not just from defeat in war with external enemies, but from the abandonment of expansionist Imperial burdens by the domestic populace. Put another way: drones and proxies don't pay taxes.

Low Oil Prices Are Not The Reason Oil Companies Are Going Bankrupt

The real reason energy companies are going bankrupt is more technical. Reserve base lending for unconventional reservoir projects became a ponzi scheme. This is how it works...

Trauma Programming: "Up To Our Eyeballs In Manufactured Strife"

As the nation awaits the gruesome spectacle of the so-called debate between Trump and Clinton in an election campaign beneath the dignity of a third-world shit-hole, we are once again up to our eyeballs in manufactured racial strife...

Twitter Surges On Report Disney Is Preparing A Takeover Bid

TWTR soared and Disney stock slid after a Bloomberg report that Disney is said to be working with an adviser on a potential Twitter bid, citing people familiar with the matter.

Saudi Arabia Cancels Public Sector Bonuses, Slashes Salaries

Saudi Arabia's government has decided to curb to some financial perks for public sector employees, according to a live broadcast of the cabinet's weekly meeting. "The cabinet has decided to stop and cancel some bonuses and financial benefits," read a line of text on Ekhbariya TV, as a minister read to assembled ministers and royals, including King Salman, a list of cuts to be made in various grades in the civil service.

Bonds & Bullion Best As Stocks Give Up Post-Fed Gains Amid Banking Blowups

Treasury bonds and precious metals are well bid today, leading the way as US equities give back all their post-Fed gains amid weak economic data and increasing turmoil in Europe spilling over...

"It's A Travesty" - Nestlé Outbids Another Canadian Town For Control Of Local Water Supply

Corporate giant NestlĂ© continued its privatization creep on Thursday as it won approval to take over another Canadian community’s water supply, claiming it needed the well to ensure “future business growth.”

The "Nightmare Scenario" For The Bank Of Japan Is Starting To Come True

"JGB CURVES FLATTENING POST BoJ: Not part of the plan."

Latest Repo Squeeze Helps 2 Year Auction Prices Through When Issued

As a result of the latest repo market squeeze, the just concluded 2Y auction came in somewhat better than expected, printing at 0.75%, stopping 0.3bps through the When Issued. On the other hand, the Bid to Cover of 2.65 was modestly less than the 2.831 in August, and below the 6MMA of 2.72.

Twitter Folds To Erdogan Pressure, Will Block Journalist For "Instigating Terrorism"

US Bank Stocks Slide After New Fed Tests Suggest Need For "Significant Increase In Capital"

Two weeks after European and Japanese banks threatened mutiny against new banking capital requirements set forth by the Basel Committee, Bloomberg reports that Wall Street would have to come up with billions of dollars in additional capital in a proposed revamp of the Fed’s stress tests. US bank stocks are sliding on the news, falling back to the reality of lower and flatter yield curves as well as systemic threats from Deutsche Bank.

BofA Fined $12.5 Million For Creating At Least 15 Mini "Flash Crashes"

The SEC announced that BofA/Merrill Lynch agreed to pay a $12.5 million penalty for "maintaining ineffective trading controls" that failed to prevent erroneous orders from being sent to the markets and causing at least 15 mini-flash crashes between 2012 and 2014.

Saudi Arabia Bails Out Banking System After Interbank Rates Hit 2009 Highs

Amid what some might call self-inflicted economic collapse, Saudi Arablia has announced a $5.3 billion bailout of its banking system as interbank borrowing rates near the highest since Lehman. In what the supposedly central bank calls "supportive monetary policy...on behalf of government entities," is easing liquidity constraints with 28-day repo agreements and is the second liquidty injection this year.

WTI Crude Surges Back Above $46 On Saudi Hype But Traders Pile Into Protection

The machines are in charge again as Saudi cut hopes created just the right amount of momentum to fill the gap to the drop highs from Friday (after Iran's denial of any deal)...However, Oil volatility is spiking as hedgers pile into protection.

Mylan Admits EpiPen Profits 60% Higher Than It Told Congress, Stock Slips

The post-hearing dead cat bounce in Mylan stock is over. The "blood in the streets" buyers are in trouble as the stock is tumbling following WSJ reports that Mylan is admitting its pre-tax profits for EpiPen are actually 60% higher than they told Congress.

ECB Board Member Admits Central Bank's Monetary Policy Risks "Tearing Up Social Fabric"

"Moving from interest rates being ‘low for long’ to being ‘low forever’ would severely limit the room for maneuver for conventional monetary policy tools, but even more worryingly, it would threaten the contract between generations as well as risk tearing up our social fabric." - ECB's Benoit Coeure

Germany Goes There: "You Can't Compare Deutsche Bank To Lehman"

"When it's important, you have to lie," is the now well-known mantra from European leaders when the crisis hit. So when a German politician proclaims "you can’t compare Deutsche Bank with Lehman. The bank is in a position to get out of this situation on its own," it's time to panic. Just a week after the 8th anniversary of Lehman's collapse, the multi-trillion dollar derivative book of Deutsche Bank dwarfs that of Lehman... and the credit markets are starting to wake up again.

Corporate Media Retreats To Hollywood As New “Truth” Media Destroys False Narratives In Real Time

by Jefferey Jaxen, The Anti Media:
Mainstream corporate media outlets in America have been suffering from a slow bleeding loss of viewership for years. A critical mass of their audience is leaving in search for integrity and truth. The exodus away from news outlets who have traditionally lied by omission and purposely have abused their viewers with a variety of manipulation techniques appears to be hitting a crescendo on many fronts. Corporate media, funded by the military-industrial complex, pharmaceutical money government bailouts and other seedy sources, aligns lockstep with the darker agendas attempting to gain a foothold as human consciousness rises worldwide. As independent sources and truth media outlets take the lead, the core of corporate media propaganda appears be pouring their efforts into Hollywood propaganda to keep their failing message and crumbling narratives alive.
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From Gold Trains to Gold Loans – Banca d’Italia’s Mammoth Gold Reserves

by Ronan Manly, Gold Seek:
Italy’s gold has had an eventful history. Robbed by the Nazis and taken to Berlin. Loaded on to gold trains and sent to Switzerland. Flown from London to Milan and Rome. Used as super-sized collateral for gold backed loans from West Germany while sitting quietly in a vault in New York. Leveraged as a springboard to prepare for Euro membership entry. Inspired Italian senators to visit the Palazzo Koch in Rome. Half of it is now in permanent residency in downtown Manhattan, or is it? Even Mario Draghi, European Central Bank (ECB) president, has a view on Italy’s gold. The below commentary tries to make sense of it all by bringing together pieces of the Italian gold jigsaw that I have collected.
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IRD On Kennedy Financial: Janet Yellen Is A Complete Embarrassment

by Dave Kranzler, Investment Research Dynamics:
Predictably, the FOMC once again fell flat on its face with regard to its continuous threats over the last month to hike rates. Despite the politically motivated rhetoric about the strengthening economy and tight labor market flowing from Yellen’s pie-hole, the fact that the Fed is afraid to raise rates just one-quarter of one percent tells us all we need to know about the true condition of the economy.
If I didn’t despise the fact that Yellen has been an incompetent political hack originally inserted into the Federal Reserve system as a political tool since her first tenure as an economist at the Fed in 1978, I would almost feel sorry for her. But the fact that she can stand in front of the public and read off of a sheet of paper scripted with lies about the state of the economy forces me to despise her as much as I despise the entirety of Washington, DC
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Is Stockman Right? Is This The Big One?

by Andy Hoffman, Miles Franklin:
It’s early Monday morning, on what could not only be an historically bad week for global financial markets, but the “beginning of the end” of the manipulated worldwide perception that “everything’s OK.” Most of the world’s 7.4 billion denizens know this already, having watched their savings, currencies, standards of living, and political and/or social stability decline substantially since the 2008 financial crisis. Which also goes for the majority of Westerners, I might add. However, Western “intervention operatives” – like the PPT, ESF, Fed, and gold Cartel – have been more successful at manipulating markets to defer such perception. Moreover, having the world’s reserve currency enables the inflationary hell the vast majority are experiencing; and in some cases, like Venezuela, hyperinflation; to be temporarily averted, in lieu of a more gradual, “frog-in-a-pot” type syndrome. This is why gold, in the “average currency,” is trading at, near, or in many cases well above previous all-time highs. Which of course the “evil Troika” of Washington, Wall Street, and the MSM won’t dare discussing, in their cumulative desperation to have you believe the PPT-supported, “record-high” Dow Jones Propaganda Average is indicative of a stability that simply does not exist.
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Is the Obama Admin Naturalizing Voters for Clinton?

from TRU News:
Iowa Sen. Chuck Grassley and Wisconsin Sen. Ron Johnson have launched an investigation into reports that the Obama administration is rushing to complete naturalization applications of potential Clinton voters before the November election.
Letter from Grassley (IA-R) and Johnson (WI-R): “We write to express serious concern about an apparent push by your department to rush adjudication of naturalization applications before the upcoming presidential election, presumably in an attempt to create as many new citizens as possible.”
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Claudio Grass: We See Already So Many Cracks In The System

from Gold and Liberty:
Bubba: I believe that this huge monetary experiment can only fail. I think the longer they allow it to exist in its current structure, the worse it will be when it finally does fail because this is destined to fail. This is not destined to succeed.
Claudio Grass: I fully agree with you. If the only question we have to ask ourselves: is it possible to create wealth out of nothing and I think that’s exactly what Central Banks are basically telling us, but we all know that this is impossible because otherwise the Central Banks could give us each $1 million on an annual basis and we can all live a happy life. We all know that this is not working. No, really, the bubble gets bigger. We know from history that, the bigger it gets, the deeper the fall. I think we can already see the cracks in the system everywhere.
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Here’s How CIA Puppet-Masters Are Deliberately Picking A ‘World War III Level’ Fight

Daisy Luther via ZeroHedge:
It’s really quite embarrassing on a global scale when members of our own government seem to be deliberately trying to pick fights with people who aren’t interested in fighting with us. If you’ve traveled outside of the United States much, you probably know that we Americans have a rather negative reputation off of our own shores. Now, generally speaking, that isn’t our fault as individuals. You and I don’t create headlines that make waves throughout Europe and Asia.
While average Americans aren’t directly responsible for this, our federal officials are. I’ve written recently about President Obama doing things in Syria that are worsening the conflict there. I’ve also written about the fact that he and Russian President Vladimir Putin are starting to butt heads. And finally, I’ve warned time and time again that war is upon us – and everyone knows but the US.
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The Root Cause of Monetary Confusion

by Alasdair Macleod, GoldMoney:
Arguments about sound and unsound money often degenerate into a them-and-us dispute, with the supporters of unsound money casting sound money proponents as impractical out-of-date libertarian weirdos.
Supporting one side or the other as if they were opposing football teams does not represent constructive debate, which must be approached with an open mind.
This has now become crucial, because conventional and even unconventional monetary policies have demonstrably failed in their objectives, so it is time to look at the problem from another angle. This article does this by drawing on the implications of Gibson’s paradox, its recent resolutioni, and its apparent absence in the post-Volcker years.
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