Thursday, December 22, 2016

Something Wicked This Way Comes

"The narrative about an improving economy, thriving jobs market, and glorious future is bullshit. I know it. You know it. And your establishment puppeteers know it. But only “fake news” sites would dare reveal these inconvenient truths."

ISIS Releases Holiday Attack List Of U.S. Churches

Recent messages posted to the pro-ISIS "Secrets of Jihadis" group on the Telegram app included a list of churches in the United States and called for lone-wolf attackers to "turn the Christian New Year into a bloody horror movie."

Unruly Jet Blue Passenger Kicked Off Plane For "Accosting" Ivanka Trump - "Your Father Is Ruining The Country"

"Your father is ruining the country.  Why is she on our flight. She should be flying private."

Dashcam Video Captures Moment Of Deadly Berlin Truck Attack

The first video of the terrible events that occurred in Berlin this week has surfaced. As Reuters reports, a video clip from a car-mounted dashcam appears to show the moment a truck drove into a Berlin Christmas market on Monday in an attack that killed 12 people.

In Rare Move, US Sues Barclays For Mortgage Securities Fraud

The market was waiting for the DOJ to announce the long-awaited settlement with Deutsche Bank today. Instead, it got news of a surprise lawsuit filed by the DOJ which sued Barclays after failing to settle a long-running probe into the UK bank's involvement in pre-crisis mortgage fraud.

Investors 'Shocked' As Dow Suffers Longest Losing Streak Since Election

Chart(s) Of The Week: 'Lombard Street' For A New Age

Gold is collateral of last resort as it is near-universally accepted. Repo fails indicate, very strongly, collateral shortage. Put the two together and you get yet more evidence that central bankers really don’t know what they are doing. And, also like in Bagehot’s day, the repercussions are global.

Red Flag For Markets: Pension Funds To Sell "Near Record" Amount Of Stocks In The Next Few Days

According to Credit Suisse, pension funds that rebalance monthly and quarterly would need to sell $38BN in US stocks in coming days to rebalance to prior asset allocation levels, adding the "estimated rotation out of domestic U.S. equities would be one of the largest on record."

Carl Icahn "Concerned" About "Lack Of Stock Selling" Last Few Weeks

"[I'm] concerned about the market in the short term" because there are "so many factors here that you have to worry about... there's a dangerous amount of money dammed up in ETFs..."

Italy Proves That Banks Are Not The Risk-Free Fantasy We're Told To Believe

We’ve been programmed to sign over our life’s savings to a complete stranger simply because the government says it’s OK. That same government has lied to us about everything else imaginable, ranging from the existence of Weapons of Mass Destruction to whether or not he had “sexual relations with that woman.” Yet this government-sanctioned trust is routinely abused.

German Anger Rises At Merkel As More Details Emerge About Berlin Truck Terrorist

"In my view we experienced a major shift on Monday," said Stephan Mayer, a member of Merkel's center-right bloc. "Terrorism has reached a new level in Germany. It's shaken the nation and citizens are worried. I think citizens wouldn't accept it if we simply returned to the political order of the day."

Home Affordability Drops To 8-Year Lows As Mortgage Rates Surge

"Rapid home price appreciation and tepid wage growth have combined to erode home affordability during this housing recovery, and the recent uptick in mortgage rates only accelerated that trend in the fourth quarter,” said RealtyTrac's Daren Blomquist: "The prospect of further interest rate hikes in 2017 will likely cause further deterioration of home affordability next year."

Gold Manipulation Suspicion Lingers

It seems that manipulation of the gold fixing is over and done with - exposed by various lawsuits. Nevertheless, a noticeable price slide still occurs regularly in early New York trading - price behavior that is reminiscent of the time after August 5 1993, when manipulation of the gold price could first be detected.

Syrian Army Says Aleppo Has Returned To Government Control

The Syrian army said Aleppo has returned to government control, ending the 4-year rebel control over parts of the city that years ago was the largest metropolitan center in Syria and is now a landscape out of Call of Duty.

2016 Year-End Bull/Bear Debate

As we head into 2017, trying to predict the markets is often quite pointless. The risk for investors is “willful blindness” that builds when complacency reaches extremes. It is worth remembering that the bullish mantra we hear today is much the same as it was in both 1999 and 2007. We don’t need to remind you what happened next.

Snowden Lashes Out At Congressional Report He Is Colluding With Russia

The anti-Russian propaganda launched into overdrive today with the release of the full Congressional report claiming that "since Snowden's arrival in Moscow, he has had, and continues to have, contact with Russian intelligence services", in other words the former NSA contractor is a traitor. Snowden, however, had a few things to say about the report.

'Off The Grid' Economic Indicators Suggest Current Expansion "Has Run Out Of Gas"

"... this data explains why markets are so enthusiastic about the novelty of Trump presidency, for the current expansion feels very much like it is out of gas."

Trump Calls For Expansion Of US Nuclear Capability, Hours After Putin Urges Russia To Do The Same

"We need to strengthen the military potential of strategic nuclear forces." - Vladimir Putin, December 22, 2016
"The United States must greatly strengthen and expand its nuclear capability" - Donald Trump, December 22, 2016

Are 3 Rate Hikes Really Possible Next Year?

The Fed has communicated that the plan for 2017 includes three rate hikes. The market isn’t quite buying into that plan yet.

filed under "Will NEVER Happen"

Trump Refutes Gingrich: "We Will Always Be Trying To 'Drain The Swamp'"

Why The Massive Expansion Of "Money" Hasn't Trickled Down To "The Rest of Us"

If you create and distribute money only in the apex of the wealth/power pyramid, it can only benefit the few rather than the many.

A Massive Coup Awaits Trump- Every Federal Agency Is Compromised

by Dave Hodges, The Common Sense Show:
Paul Martin contacted me on Tuesday, December 21, 2016 and told me that he had uncovered information that a contingency of troops, American and foreign, were training in Wyoming, not far from the Colorado border. These troops were training for urban warfare within the United States.
I subsequently interviewed Paul Martin about this and other related matters. The interview concluded at 1130pm on 12/20/2016. During the course of the interview, I simultaneously used a protected system to send out inquiries to sources that I have used before with regard to the “goings-on” in Wyoming with regard to the domestic subjugation training of US citizens. During my interview with Paul Martin, I put out the following message to trusted contacts.
Read More

Putin Urges Russian Nuclear Weapons Boost

by Maria Antonova, Yahoo News:
Moscow (AFP) – Russian President Vladimir Putin on Thursday called for the country to reinforce its military nuclear potential and praised the army’s performance in its Syria campaign.
In a speech that recapped military activities in 2016, Putin said the army’s preparedness has “considerably increased” and called for continued improvement that would ensure it can “neutralise any military threat”.
“We need to strengthen the military potential of strategic nuclear forces, especially with missile complexes that can reliably penetrate any existing and prospective missile defence systems,” the Kremlin strongman said.
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The Blow-Out Phase

by John Rubino, Financial Survival Network:
Since the presidential election, US equities have been soaring – which is reminiscent of 1999 and 2006 when investors decided that “this time it’s different” and were therefore willing to buy stocks at pretty much any price. Like those previous bubbles, today’s will end badly, probably in 2017. Gold, on the other hand should do just fine.
Click HERE to Listen

Good Evening, Mr. Bond

by Jim Rickards, DailyReckoning:
Not long ago I had dinner in my hometown of Darien, Connecticut, with one of the best sources on the inner workings of the U.S. Treasury bond market. Our dinner took place at the Ten Twenty Post bistro, the same restaurant I wrote about in my first book, Currency Wars.
It was there that a friend and I invented the scenario involving a Russian and Chinese gold-backed currency that we played out in the Pentagon-sponsored financial war game described in that book.
Now I had returned for another private conversation with another friend. But this time we were not discussing fictional scenarios for a war game. The conversation involved real threats to real markets happening in real-time.
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The #1 Black Swan Event of 2017

by Doug Casey, International Man:
J. Reeves: You’ve been all around the globe in 2016—Ukraine, Turkey, Zimbabwe, and other hot spots—chasing crises… and making crisis investments. What was your most memorable journey? What was your best-returning crisis investment?
Nick Giambruno: I’d say meeting Gideon Gono with Doug Casey was the most memorable moment of the year. Gono was the head of Zimbabwe’s central bank during the country’s 2008–2009 hyperinflation. He’s “the man who made everybody trillionaires.”
Read More

Imminent Monte Paschim Bailout Depicts True State of Global Banking System

by Andy Hoffman, Miles Franklin:

There’s barely a week left in 2016, and it’s hard to believe I’m actually looking forward to it ending.  After five miserable years of unprecedented Precious Metals suppression – going back to May 2011’s “Sunday Night Paper Silver Massacre” and September 2011’s “Operation PM Annihilation I,” when the powers that be nearly lost control of financial markets entirely; and consequently, passed the “point of no return” when the “evil tripod” of money printing, market manipulation, and propaganda became a 24/7 operation; great strides were made in this year’s first half – with gold and silver rebounding, in the wake of the BrExit, to as high as $1,375/oz and $21/oz, respectively. Read More

FBI Reveals Search Warrant for Clinton Email Probe

from RT:
The FBI has made public documents related to the controversial October reopening of its probe into Hillary Clinton’s private email server; the Democratic presidential candidate has blamed the investigation announcement for her defeat at the polls.
The federal probe into Clinton’s use of a personal email server while she was secretary of state appeared to be closed in July, when FBI Director James Comey took the unprecedented step of giving a press conference to explain why he advised the Department of Justice not to press any charges in the matter. On October 28, however, Comey sent a letter to Congress informing the lawmakers that emails that “appear to be pertinent to the investigation” were recovered in connection with an “unrelated case.”
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Guest Post: “Why Invest In The Monetary Metals and Their Miners If They Won’t Defend Themselves?”, by Chris Powell of GATA

by Chris Powell, via TF Metals Report:
Echoing some points we’ve made here recently, today GATA Secretary/Treasurer Chris Powell slams the pathetic rock-breaker CEOs of mining companies for failing to understand the forces aligned against their companies. In doing so, these short-sighted geologists harm not only their companies and employees but their shareholders, too.
Please be sure to read Chris’ post AND please be sure to support GATA as they are an indispensable ally in the fight against the corruption and fraud of The Bullion Banks and their co-conspirators in government and the media.
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What The Heck’s Happening To Our Share Buyback Boom?

by Wolf Richter, via SRSRocco Report:
Companies in the S&P 500 spent about $3 trillion since 2011 to buy back their own shares, often with borrowed money. It’s part of a noble magic called financial engineering, the simplest way to goose the all-important metric of earnings per share (by lowering the number of shares outstanding). And it creates buying pressure in the stock market that drives up share prices.
With buybacks, you don’t need to sell one extra iPhone to boost your earnings per share. So the amounts have grown and grown. With ultra-cheap money available to borrow endlessly, companies take on debt and hollow out shareholder equity. It has worked like a charm. Stock prices have soared. Declining revenues and earnings, no problem. But something is happening that hasn’t happened since the Financial Crisis.
Read More

Russia Begins Closing McDonald’s Restaurants

by Baxter Dmitry, Your News Wire:
Russia has shut down four McDonald’s restaurants in Moscow for sanitary violations after a consumer watchdog filed a suit demanding certain burgers and milkshakes be banned on the grounds the fat, protein, carbohydrates and calories they contain “deviate widely from technical norms”.
“Violations have been found that put the quality and safety of food products in doubt for the whole McDonald’s chain,” said Anna Popova, Russia’s head sanitary inspector.
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The Dangerous Implications of the Assassination in Turkey

by Martin Berger, New Eastern Outlook:
On December 19 an armed man murdered Russia’s Ambassador to Ankara Andrey Karlov in cold blood during the speech that the victim was delivering to honor the opening of the photo exhibition “Russia through the eyes of the Turks” in the Turkish capital. It’s been reported that were three other victims.
The footage that appeared on the Internet shows how an armed man approaches the ambassador from the back and starts shooting at him, while shouting “Allah Akbar! Do not forget about Aleppo! Do not forget about Syria!”
The attacker was soon killed by local policemen and security guards. It is now reported that the terrorist known as Mevlut Mert Altintas was a former Turkish policeman that served in a quick response special unit, while the HaberTurk news agency claims that he was fired after the failed coup d’etat in July.
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