Wednesday, November 30, 2016

In Apology Letter to Reddit Users, Huffman Calls The Donald Users ‘Toxic’, ‘Behaving Badly’, Threatens Action and Outright Ban

The CEO of Reddit issues and apology and declaration of war, all at once!

Caught On Tape: Man Steals $1.6 Million Bucket Full Of Gold In Midtown Manhattan In Broad Daylight

Police released footage on Tuesday of what may be the luckiest theft in recent history. In the clip, a man brazenly swipes an 86-pound bucket full of gold worth $1.6 million from the back of an unattended armored truck on West 48th Street in the Diamond District on Sept. 29 in broad daylight.

I guess they don't have hot tar and feathers in India...

Angry Mobs Lock Up Indian Bankers As Cash Chaos Soars: "We Are Fearing The Worst"

Bankers are bracing for long hours and angry mobs as pay day approaches in India. "We are bracing ourselves for payday and fearing the worst," the chief executive officer at Laxmi Vilas Bank said, concerned the situation has gotten out of control.

Obama Creates New Al-Qaeda Out of Thin Air to Justify His Somalia War

by Michael Krieger, Liberty Blitzkrieg:
An article published in The New York Times this past Sunday perfectly demonstrates how out of control and unconstitutional America’s foreign policy has become. It highlights the latest war being perpetrated by the Obama administration, which is expanding with very little scrutiny from the press or the government branch supposedly in charge of waging war, the U.S. Congress.
The latest growing battlefield is in Somalia, and it threatens to spiral out of control just like so many other undeclared war zones before it. From the NY Times:
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UBS Warns "One-Sided" Sentiment Is Pure Contrarian Indicator, Upside Limited

"It’s been a long time since we had such a relatively clear and one-sided picture on the sentiment side, which we can just describe as tactical contrarian and too complacent."

Carrier Issues Statement On Trump Deal: "Incentives Offered Were An Important Consideration"

"The incentives offered by the state were an important consideration.... This agreement in no way diminishes our belief in the benefits of free trade and that the forces of globalization will continue to require solutions for the long-term competitiveness of the U.S. and of American workers moving forward."

A Tale Of Two Job Markets (Or Why The Elites Couldn't See A Trump Win Coming)

With the economic expansion in its eighth year, over 15 million jobs added since the post-recession low in employment, and a steady decline in the jobless rate from its recessionary high of 10% to under 5%, many mainstream economists were convinced that the U.S. economy was in good shape. That misconception, at least where jobs are concerned, is a key reason so many were stunned by this month’s election verdict.

A Second Look At The OPEC Deal: Here's What Can Go Wrong

The price of oil soared today on hopes that the "historic" OPEC production cut deal is credible and sustainable. There is, however, much that can go wrong with the deal. Here are some observations.

University Stuns World: Pledges To Support Free Speech, "Censorship Is Not The Answer"

Did the politically-correct insanity just reach its tipping point? Just weeks after a notably politically-incorrect Donald Trump was swept to victory in the US election,'s Kieran Corcoran reports a university has pledged to end its culture of censorship and no-platforming, and has instead pledged to defend free speech, declaring, rather shockingly, "censorship is not the answer."

The War On Cash Is Happening Faster Than We Could Have Imagined

The political and financial establishments want you to willingly get on board with the idea of abolishing, or at least reducing, cash. And they’re pumping out all sorts of propaganda to do it, trying to get people to equate crime and corruption with high denominations of cash. Simply put, the data doesn’t support their assertion.

Steven Mnuchin Roils Bond Markets With Suggestion Of 100 Year Treasury Bond

Barely having confirmed he will be Donald Trump's nominee for Treasury Secretary, Steven Mnuchin proceeded to roil the bond market when the former Goldman banker told CNBC he would look at extending the maturity of future Treasury issuance, hinting at 50 and 100 Year bonds, which promptly sent long-term US bond yields surging by the most since the turmoil following Trump’s election victory.

November To Remember - Unprecedented Month In Markets Ends Weak

Jill Stein Files Official Recount Petition In Michigan

Jill Stein continues along with her one-person recount crusade by filing an official petition in the state of Michigan...which will change absolutely nothing.

The Last Ride Of The Unemployment Rate

After eight years of trying to see recovery where there was none, the constant spin of sunshine will very likely disappear on January 20. It is ironic in one sense since it is this very disparity between mainstream “reporting” and actual economic conditions that contributed to the Trump victory in the first place.

Multiple Simultaneous Threats: Nexit Next?

The nannycrats in Brussels face yet another attack on the anti-immigration front: Geert Wilders’ Far-Right party is topping the polls in the Netherlands.

Gold Extends Losses Below $1200 As Dollar Soars

Gold futures prices dropped to $1,171 this morning as the dollar surged into the European closed and the OPEC deal sent oil prices spiking. The precious metal is now unchanged since October 2014, but as UBS notes with the break of the 2012 downtrend in US inflation expectations but expecting a pullback in yields into Q1, it should be just a question of time to see a new bounce/rally starting in gold/gold mines.

Trump Reportedly Considering Sarah Palin To Run Veterans' Affairs

Following chatter that former Alaska governor Sarah Palin was in line for Interior Secretary, ABC News reports that President-Elect Trump is considering her to lead Veterans Affairs.

Mortgage Refinancings Collapse To 2016 Lows As Rates Top 4.00%

Mortgage applications tumbled 9.4% from the prior week as mortgage rates soared above 4.00% to the highest level since July 2015. The biggest driver of the decline in mortgage demand was a 16% crash in refinances - tumbling to their lowest level since the first week of January (a seasonally dismal time).

Beige Book Finds Modest Economic Slowdown: Strong Dollar "Headwinds" Cited

The Fed's latest Beige Book released Wednesday found seven regional Fed districts reporting economic activity as growing at a modest or moderate pace, a decline from 11 in the last report, with strong dollar headwinds among one of the more frequently cited reasons for the weakness.

When The First Small Piece Of Shit Finally Sticks...

So could it really be that after years of stonewalling, Draghi, the ECB and the cabal of central bankers and regulators, are finally being dragged blinking in to the light?

Six Narratives On The Ascendancy Of Trump

Perhaps the masses have (finally!) reached the point where the pain of maintaining the status quo now exceeds that of breaking it.

Peter Schiff: Look for Fed to Return to QE with Trump’s Economic Plans

by Peter Schiff, Schiff Gold:
Peter Schiff recently appeared on CNBC’s “Future’s Now” program to discuss what the Federal Reserve will likely do during a Donald Trump presidency. Peter said he sees a rate hike in December as too little too late given the ineffectual level of interest the economy has seen over the last several years, and because of the accelerated rate of inflation that’s taking place.
While the Fed is likely to raise the nominal funds rates in December, real interest rates will continue to fall because they’re being outpaced by inflation. Also thrown into the mix are other countries’ central banks, which will also likely raise their rates as well.
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Doug Casey on the Coming Collapse of the World’s Biggest Economy

by Doug Casey, International Man:
Nick Giambruno: The entire European Union is looking shakier by the day. Donald Trump’s victory—which shocked Europe’s political and media elite—gives Eurosceptic parties, the Continent’s populists, even more political rocket fuel. What’s your take?
Doug Casey: The Social Democratic, Christian Democratic, Socialist, Communist, and similar parties have ruled Europe since the end of World War 2. They’re all pretty similar in that they promote massive welfare benefits, strong labor unions, large state bureaucracies, very high taxes, strict regulations, and an atmosphere of Cultural Marxism. Then, every few generations, the voters react and install a “fascist” regime. These keep most of the socialist characteristics, but tend to be supported by, and friendly to, Big Business. That, and they add on nationalism, xenophobia, and militarism.
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by Piper McGowin, The Daily Sheeple:
Is Turkey testing out a new kind of aircraft/weaponry or running a military exercise they don’t want people to know about?
Dozens of people reportedly witnessed UFOs in the skies above at least 12 major Turkish cities this weekend followed by reports of a loud explosion sound or sonic boom.
The sightings and the sound was caught on camera by numerous people:
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First the War on Cash, then the War on Gold

by Jim Rickards, DailyReckoning:
The global elites are using negative interest rates and inflation to make your money disappear. The whole idea of the war on cash is to force savers into digital bank accounts so their money can be taken from them in the form of negative interest rates.
One way to avoid negative interest rates is to go to physical cash.. They can’t impose negative interest rates on cash.
In order to prevent people from using that option, the elites have launched a war on cash, as recent events have borne out. The war on cash is old news, but it is escalating rapidly…
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