Thursday, October 6, 2016

Leaked Memo Confirms Hillary Was Given Questions Ahead Of Interview...

Talk show host Steve Harvey provided Hillary Clinton’s campaign with the exact questions he would ask of Clinton during a February interview, according to an internal campaign memo sent a week before the interview and obtained by the Washington Free Beacon.

"I Listened To A Trump Supporter... Now I Understand"

... the dominant media narrative characterizing Trump supporters as a bunch of racist, uneducated brutes is pretty much just dishonest, elitist propaganda.
Your retirement money...

One Of The World's Biggest Hedge Funds Has Lost $1.8 Billion In 2016

The latest monthly drop brings its YTD losses to 14.7% this year. According to the WSJ, the fund has now lost $1.8 billion YTD which places it among the worst-performing funds this year. The firm now runs about $20 billion.

The Global Economic "Nuclear Options" - Oil Pinned Below $30/barrel, US Dollar Rising

These two nuclear options could strike the global economy even without any planning. Once the global economy tips into recession, oil may fall under its own weight and the dollar may gain ground as other currencies fall.


Gold and Silver is on SALE...

Precious Metals Hammered, Illusions Shattered – Jeff Nielson

by Jeff Nielson, Sprott Money:
Gold at a 3 ½ month low.
Gold and silver step over a cliff.
One can almost see the smirks, and hear the chuckles of glee, as the mainstream flock crows their news.
What is missing from all the gold (and silver) bashing is one, small detail: a reason. Yes, sift through the Corporate media muck, and one will see explanations: “a stronger dollar” or “fears of a Fed rate increase”. Infantile nonsense.
A stronger dollar? Gold was down over 3%. Silver was down over 5%. The dollar gained no more than a fraction of 1% against international currencies, except for the pound, which is currently in the Brexit penalty box. That’s not a reason.
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Your Future...

Bartering to Eat: How People on the Streets of Venezuela are Surviving

by Tess Pennington, Ready Nutrition:
Venezuela truly has become a nightmare come to life. What has taken place over the last three years has been nothing short of a total destabilization of the entire country. The water system, the roads, the electrical grid, the hospital, and especially the food distribution system. Venezuelans became so desperate that they were forced to scrounge for food in dumpsters and hunt down cats and dogs. Crime became rampant as well, and the capital city of Caracas now has the highest murder rate in the world. Mobs of vigilantes are frequently seen picking up the slack of the corrupt police; that is, when they’re not busy looting grocery stores. Venezuela is practically a war zone now.
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France's Marine Le Pen Says EU Responsible For "Monstrous Chaos In Syria"

You’ve done everything to bring down the government of Syria, throwing the country into a terrible civil war, while accusing Russia which is actually fighting Islamic State. Your responsibility could not be concealed”, she said speaking at the European Parliament plenary session in Strasbourg on Wednesday.

Silver Crashes 10% Since Friday - Worst Week In 42 Months

With the worst week (and it's not over yet) since April 2013, Silver is getting slayed since it spiked towards $20 on Friday...

US Government: Russia Is Barbaric (For Doing The Exact Same Thing We're Doing)

While the United States accuses Russia of “[bombing] civilian populations into submission,” the U.S. runs the risk of being called out for its own record of aggressive and unsuccessful military interventions in the Middle East in the past decades.

Hurricane Matthew Strengthens As Florida Governor Warns: "Evacuate Now. This Is Going To Kill People"

Hurricane Matthew is expected to strengthen to a category 4 storm before making landfall in Florida late tonight.  1.5mm Florida residents have been ordered to evacuate as Governor Rick Scott warns "this is going to kill people."

The Latest Deutsche Bank Scandal Reeks On Enron: 103 "Enhanced Repo" Deals To Make Loans "Disappear"

Deutsche Bank arranged 103 deals similar to the infamous Santorini, with a total value of €10.5BN for 30 clients. It sold collateral the borrower had provided, such as government bonds, creating a new obligation for the bank to eventually return the bonds. The loan was offset by that obligation, "making it essentially disappear."

Goldman Slams US Auto Sector As "Cycle Has Peaked", Downgrades Tesla

"We lower our Autos and Auto Parts coverage view to Cautious from Neutral. As we progress through the later stages of the US auto cycle, we expect a sales plateau through 2017 held up by increasing OEM incentives. Beyond this, we see US light vehicle sales mean reverting back toward normalized SAAR of 15mn from 2018 through 2020 as pent-up demand clears through"

"Heaven Help Us If There Is Ever A Modest Blip Of An Inflation Impulse"

"when even the limpest “trial balloon” discussion of the ECB’s hypothetical, WAY down-the-road discussion of how to end their QE program (we could be talking 2020 here people) creates yet another “Mini-Taper Tantrum,” we have to be intellectually honest with ourselves (as do CBers) and acknowledge the incredible degree to which the current monpol framework has distorted prices / valuations / market structure."

Trader: "If You Take Away QE's Greater Fools, You'll Get A Market Resembling The Pit Scene From Trading Places"

"As QE gets long in the tooth, it has increasingly relied on the greater fool theory to maintain itself. Take that assumption away and you’ll get a market resembling the pit scene from “Trading Places." Taking a mark-to-market hit on a negative yielding bond is a nasty shock investors aren’t used to. And certainly not prepared for."

"Wrong Way Gartman"...

As Gold Crashes, Gartman Has A Theory What Is Behind It

"Tuesday’s sell-off did look like liquidation rather than fundamentally warranted selling. This view is further supported by the fact that the open interest in the COMEX futures has fallen by more than 4% this week, suggestive strongly of forced liquidation and a throwing up of the hands… and of the stuff in one’s stomach."

Currency Carnage Continues: Cable, Yen Turmoil; Precious Metals Pounded

US equity markets remain unimpressed despite the best efforts of a soaring oil complex and collapsing yen. Following further comments from Theresa May confirming 'hard Brexit' looms, cable continues to crash to a 1.26 handle - fresh 31 year lows. Yen is also in freefall once again, smashing the USD Index to 2 month highs. USD strength  has accelerated PM losses with gold and silver erasing all gains post Brexit.

Initial Jobless Claims Drop To 43-Year Lows - What Now Janet?

Initial jobless claims beat expectations and dropped to 249k last week. This dragged the smoother 4-week average to its lowest level since 1973...

WTI Crude Tops $50

For the first time since July 4th, the front-month WTI Crude futures contract traded above $50 - rallying almost incessantly from $44 when the OPEC 'deal' was announced last week.

Potential Future UKIP Leader Hospitalized After "Altercation" With Colleague

Just a day after Nigel Farage resumed leadership of the UK Independence Party, following the shock resignation of Diane James after 18 days as leader, The FT reports MEP Stephen Woolfe - touted as a possible future party leader - has been hospitalized and is in serious condition after an "altercation" with a colleague at a meeting in Strasborg.

What Bridgewater's Ray Dalio Told The New York Fed

  • this isn’t a normal business cycle and we are likely in an environment of abnormally slow growth
  • the current tools of monetary policy will be a lot less effective going forward
  • the risks are asymmetric to the downside
  • the impatience with economic stagnation, especially among middle and lower income earners, is leading to dangerous populism and nationalism.

US Futures Pressured By European Weakness; Oil Flat, Dollar Rises

For the fourth day in a row, US traders arrive at their desks with US equity futures largely rangebound if with a modestly heavy bias, pressured by some recent weakness in European stocks, where DB continues to post modest gains following yesterday's report that Germany is pursuing "discrete talks" over the fate of the German lender. Oil has regained earlier losses following comments by Algeria's oil minister who said that OPEC could cut 1% more than agreed upon while sterling continues to slide on growing concerns of a "hard Brexit."

Hillary Caught Using Child Actor At Pennsylvania Town Hall

Meet Brennan Leach, 15 year old 'actress' and daughter of Pennsylvania Democratic State Senator Daylin Leach... and random participant at Hillary Clinton's town hall yesterday in Haverford, PA...

Washington Leads The World To War — Paul Craig Roberts

by Paul Craig Roberts, Paul Craig Roberts:
What must the world think watching the US presidential campaign? Over time US political campaigns have become more unreal and less related to voters’ concerns, but the current one is so unreal as to be absurd.
The offshoring of American jobs by global corporations and the deregulation of the US financial system have resulted in American economic failure. One might think that this would be an issue in a presidential campaign.
The neoconservative ideology of US world hegemony is driving the US and its vassals into conflict with Russia and China. The risks of nuclear war are higher than at any previous time in history. One might think that this also would be an issue in a presidential campaign.
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Banks Must Face U.S. Silver Rigging Lawsuit; UBS is Dismissed

from Silver Seek:
Silver investors may pursue a lawsuit accusing two major banks of conspiring to fix prices and exploit market distortions, affecting $30 billion traded each year in the precious metal and related instruments, a federal judge has ruled.
U.S. District Judge Valerie Caproni in Manhattan rejected efforts by Bank of Nova Scotia (“ScotiaBank”) and HSBC Holdings Plc to dismiss the lawsuit, in a decision made public on Tuesday.
Caproni also dismissed UBS Group AG as a defendant, saying there was nothing to show it manipulated prices.
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Rescue of Italy’s Monte dei Paschi Gets ‘Dark’ & ‘Complicated’

by Wolf Richter, Wolf Street:
A Gargantuan Crime Scene
Shares of Monte dei Paschi di Siena, the world’s oldest bank and by now the world’s most famous penny stock, trade at €0.18. Things have gotten so bad that Italy’s financial markets regulator Consob extended the deadline and widened the scope of its ban on short selling of the bank’s shares. The restrictions were initially introduced on July 7 just after the bank’s shares had crashed 20% in one day. Since then they have shed a further 45%.
Doubts continue to mount over the chances of success for the bank’s latest rescue program, its third since the Global Financial Crisis began. “The situation has got more complicated,” reported Il Corriere della Sera, one of Italy’s most influential newspapers. It’s also apparently quite “dark” — as in sinister.
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EMERGENCY: Russia Prepares For Nuclear War And Obama Threats

from The Alex Jones Channel:

An Open Letter to Elizabeth Warren on Gold Fraud

by Dave Kranzler, Investment Research Dynamics:
The letter posted below is from Stewart Dougherty. Elizabeth Warren on the surface purports to represent middle class interests by associating herself with the erection of the Consumer Financial Protection Bureau. But she has turned out to be another faux populist who panders to the public in order to generate voter support and, in reality, sides with the rest of her cronies and looks other way while Corporate America steals our wealth.
The Consumer Financial Protection Bureau is a Trojan horse device which superficially appears to protect the public from Wall Street but in reality does nothing more than provide a false sense of security. It’s another useless bureaucratic mechanism which serves no purpose other than to create another Government department that vacuums up taxpayer money and employs people who are otherwise unemployable in the private sector.
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Jubilee Shockwaves to Continue Throughout this Fall

by Jeff Berwick, The Dollar Vigilante:
The Jubilee Year has officially ended… or has it?
I received this about a month ago from a Jewish scholar:
The Yuval (Jubilee) ends on Yom ha Kippur (Day of Atonement), which is on October 11th at sundown, not on October 2nd, which is Rosh Hashanah. The Shemitah always ends on Yom ha Teruah (Day of Trumpets), Yom ha Din (Day of Judgement) and Rosh Hashanah (Head Year), which are all on the same day, but not the Jubilee. It ends ten days later after the ten days of awe.
I reported it to TDV subscribers, but haven’t mentioned it in public, mostly because there were so many massive events occurring this last weekend that a discussion of alternative dates seemed besides the point. But I do want to mention it.
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Dead People And Illegal Immigrants Are Being Registered To Vote All Over America

by Michael Snyder, The Economic Collapse Blog:
Without free and fair elections, what hope is there for the future of America? The integrity of our voting process is of the utmost importance, and yet so little attention is being paid to it. Later this week I am going to share some documented facts about voting fraud during the 2012 election that most Americans have never even heard about, and it is absolutely imperative that we don’t allow this kind of funny business to happen again this time. Today, I am going to share some examples of how dead people and illegal immigrants are actually being registered to vote all over America. Despite very strong and very angry denials by the mainstream media, the truth is that election fraud is absolutely rampant in this country, and when someone tries to steal an election they are committing a crime against all of us.
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“Pope Francis:” Traitor to Western Civilization

from Antonius Aquinas:
There has been no greater advocate of mass Muslim migration into Europe than the purported head of the Catholic Church, “Pope Francis.” At a recent conference, he urged that “asylum seekers” be accepted, “through the acts of mercy that promote their integration into the European context and beyond.”*
Jorge Bergoglio is the “purported pope” of the Catholic Church because, as certain theologians have argued, he was neither validly ordained as a priest or consecrated as a bishop in the traditional Catholic rites of Holy Orders. Since a pope must first be a bishop, in particular the bishop of Rome, Bergoglio cannot, therefore, be pope.
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