Bill Gross: "Our Financial System Is A Truckload Of Nitroglycerin On A Bumpy Road"

"Our highly levered financial system is like a truckload of nitro glycerin on a bumpy road. One mistake can set off a credit implosion where holders of stocks, high yield bonds, and yes, subprime mortgages all rush to the bank to claim its one and only dollar in the vault."

Bond Blooodbath - Treasuries Haven't Seen A Longer Losing-Streak Than This In 43 Years

Chart Of The Day: Democrats Now Like The CIA More Than Republicans

It appears unaccountable intelligence agency worship is suddenly a 'liberal' position. Who knew!

Here Are The 25 Highest-Paying Jobs In America

Forget those engineering degrees...Scrum Masters are making all the money these days.

Bearish Sentiment Spikes To 1-Year Highs (But It's Not What You Think)

"Bearish" sentiment, according to the American Institute of Individual Investors (AAII), is spiking here, but as BMO's Brad Wishak notes, "it's not what you think."

Five Injured After Axe Attackers Go On Rampage At Dusseldorf Train Station

Several people were injured after two men armed with axes went on a rampage at Dusseldorf's main train station, according to local press. Witnesses reported seeing injured people lying on the ground, and at least one man armed with an axe.

Gold Drops Below $1200, USDJPY Hits 115.00

With a sizable notional of FX option expiring at the 115.00 strike, it seems the machines wanted to try and trigger something and as USDJPY jerked higher so Gold broke below $1200 for the first time since February 1st.

Yellen: "Our Brand Is Crisis"

While rising interest rates may not “initially” impact asset prices, it is a far different story to suggest that they won’t. In fact, there have been absolutely ZERO times in history that the Federal Reserve has begun an interest rate hiking campaign that has not eventually led to a negative outcome.

Defiant Iran Conducts More Ballistic Missile Tests; This Time From Naval Vessel

Amir Ali Hajizadeh, commander of the IRGC's Aerospace Force:  "The naval ballistic missile called Hormuz 2 successfully destroyed a target which was 250 km away."

3 Key Risk On/Off Barometers Turning Down?

A trio of metrics that normally fare well in good markets are faltering; but how serious is it?

Washington, New York And Oregon Sue To Block Trump's New Travel Plan

Washington state, together with New York And Oregon, will file a restraining order against President Trump's revamped travel ban, a move which could foreshadow a potential legal showdown between the administration and a wave of challenges to the controversial executive order.

It Took $4 In New Debt To Create $1 In GDP

The US closed 2016 with 18.86 trillion in GDP, an increase of $632 billion from 2015; the question is how much credit had to be created to generate this growth. The answer: $2.511 trillion. This means that in 2016, it "cost" $4 in new debt to generate just $1 in new economic growth.

Canada's New Blasphemy Laws

Although these motions against "Islamophobia" are not legally binding, extremists have already started demanding them as laws.

Yield Curve Inverts As Mnuchin Warns Congress Of "Extraordinary Measures" To Avoid Debt Ceiling

“Treasury anticipates it will need to start taking certain extraordinary measures in order to temporarily prevent the United States from defaulting on its obligations”

Things Just Got Even Weirder

Just when you thought the 8 year bull market for US stocks had shown us everything, something new comes along. 

Bank Stocks Tumble Into Red After Spicer Confirms Trump's "Commitment To Restoring Glass-Steagal"

That's not what the bankers want to hear...

Russia's Largest Bank Confirms Hiring Podesta Group To Lobby For Ending Sanctions

"The Democrats are sitting there trying to convince us that the Russians are trying to throw the election to Trump. And then they’re with us here in the House and meeting directly with the administration behind closed doors on the issue of the sanctions. The hypocrisy could not be any richer."

Mediocre 30Y Auction Tails Due To Lack Of Short Squeeze

As expected, today's 30 Year tailed when it emerged in the repo market that there would be no short squeeze, printing at 3.170%, the highest yield since September of 2014, and also a modest 0.1bp tail above the 3.169% When Issued, a far cry from yesterday's 10Y auction stopping through by 2.0 bps.

The Last Time Bonds Were This 'Cheap' To Stocks, Yields Crashed

With practically every valuation measure indicating stocks are "fully" valued, "over" valued, or "in a freaking bubble," the last respite of the desperate asset-gatherer has been "well, relative to bonds, stocks are still cheap." That is no longer the case...

It's 1994 Again: Why Albert Edwards Expects An Imminent "Bond Market Bloodbath"

"Accelerated Fed rate hikes will cause tremors in the Treasury bond markets, forcing rates up, most especially in the 2 year – just like 1994. But as yet another central bank-inspired global recession unfolds, I  believe US 10y bond yields will ultimately converge with Japanese and European yields well below zero"

How To Drain The Deep Swamp

If Trump fails in all this, and for now the odds point in that direction, those who protest him today will feel validated, right, and winners. They will be tragically wrong. Because if Trump loses this, the CIA wins. And then we will all live in 1984 for as far into the future as we can see.

Just As Predicted by Clairvoyant: “Antarctica Will Break Apart, Hidden Past Will Be Exposed”

by Mac Slavo, SHTF Plan:
Something enormous, epoch making, is happening in Antarctica.
Although the recent visits by heads of state and other high profile figures to Antarctica remain shrouded in mystery, but there are repeated suggestions that things are changing rapidly there – perhaps the pole shift is happening at a drastic rate – and something buried or hidden may have been discovered.
It is well known in conspiracy circles that the Nazi’s established a secret base in Neuschwabenland, Antarctica during WW2, and it apparently involved the UFO-type aircraft being secretly developed, though no one with any position authority has ever dared to confirm these developments in a major public way.
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16 Reasons Why You Shouldn’t Live In California

by Michael Snyder, The Economic Collapse Blog:
It has been said that “as California goes, so goes the nation”. That is why it is such a shame what is happening to that once great state. At one time, California seemed to be the epicenter of the American Dream. Featuring some of the most beautiful natural landscapes in the entire world, the gorgeous weather and booming economy of the state inspired people from all over the world to move to the state. But now people are moving out of the state by the millions, because life in California has literally become a nightmare for so many people.
I certainly don’t have anything against the state personally. My brother and sister were both born there, and I spent a number of my childhood years in stunning northern California. When I was younger I would sometimes dream of getting a place on the coast eventually, but for reasons I will discuss below I no longer think that would be advisable.
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Kim Dotcom: “Trump is in Danger”

by Paul Joseph Watson, Infowars:
The man who predicted that Wikileaks release of John Podesta’s emails would bring down Hillary Clinton’s presidential campaign is now warning that President Donald Trump is in danger.
Kim Dotcom (born Kim Schmitz), was the founder of the infamous and now-defunct file hosting service Megaupload and is known to have close connections to Wikileaks and Julian Assange.
During a September 2016 interview with Bloomberg, Kim said, “Julian Assange is going to be Hillary Clinton’s worst nightmare.”
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Follow the Money: Senator John McCain’s Ties to Saudis and Rothschilds EXPOSED

by Jack Burns, The Free Thought Project:
Charitable institutions (like The Clinton Foundation), as Judge Jeanine Pirro has stated publicly, often serve as a slush fund for those whose name the institution bears. Pirro called the Clintons’ foundation nothing more than a “money laundering operation used as a slush fund.” Now, it seems, Senator John McCain (R-AZ) and his institution are coming under fire for contributions it has been receiving from the Rothschild family, a controversial global mining company, and the Royal Family of Saudi Arabia.
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How Technology, And Incompetence, Destroyed The World

by Andy Hoffman, Miles Franklin:
In this weekend’s “same as it ever was – Bitcoin, gold, and a rapidly changing world,” I expressed my staunch disagreement with Peter Schiff’s views about Bitcoin – whilst simultaneously, commending him for being the best political and economic analyst in the blogosphere; which yesterday, was demonstrated in this must listen analysis of the Trump Administration’s comically pathetic “Trumpcare” proposal.  And I do mean must listen – so you can truly understand just how dysfunctional, and destructive, our government has become.  Not to mention, to validate what I vehemently espoused in my November 10th Audioblog, “turning on Trump,” just one day after having spent the entire summer and Fall passionately supporting his candidacy (principally, because I viewed Hillary Clinton to be far worse for America) – of how not a single one of Trump’s major campaign “promises” was feasible.  Particularly, the “repeal and replace” of Obamacare, as “once the socialism Genie is let out of the bottle, it can never be put back.”  I mean, when you listen to just how inane this proposal is, on every imaginable front, it becomes crystal clear that incompetence is destroying America.
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Feds Begin Hunt for WikiLeaks’ Snowden 2.0

from The Anti Media:
A federal criminal investigation is being opened into WikiLeaks’ publication of documents detailing alleged CIA hacking operations, CNN reported as both the FBI and CIA are coordinating their hunt for the mysterious whistleblower inside the CIA, who has already been dubbed Snowden 2.0.
The criminal probe will look into how the documents came into WikiLeaks’ possession and whether they might have been leaked by an employee or contractor. The CIA is also trying to determine if there are other unpublished documents WikiLeaks may have. Incidentally, the answer to that is yes as the whistleblowing organization revealed earlier in the day on its twitter feed.
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The Most Shocking Revelation From the CIA Spying Scandal

by Simon Black, Sovereign Man:
It happened again– another spying scandal in the Land of the Free.
Yesterday Wikileaks released 8,761 CIA documents detailing the agency’s hacking of smart phones, routers, computers, and even televisions.
These files reveal that the CIA can and has hacked devices that were supposedly secure– iPhones, iPads, and Android devices.
The documents further reveal that the CIA is deliberately infecting personal computers with spyware, including Windows, Mac OS/X, Solaris, Linux, and other operating systems.
They’re also hacking WiFi routers to deploy software that monitors Internet activity, and have even figured out how to bypass anti-virus software so that their spyware cannot be detected.
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SHOCK VIDEO EXPOSES TENT CITY CRISIS IN FAILING CALIFORNIA

by Dan Lyman, InfoWars:
Homeless epidemic exploding as globalists cater to illegals, “refugees”
Citizen journalists have captured stunning video and images of homeless encampments that are spiraling out of control in the shadows of Disneyland and Anaheim Stadium in California.
The tent city has recently sprung up along the Santa Ana riverbed, near a busy convergence of three major California highways known as the “Orange Crush,” at the border of Anaheim and Santa Ana, the latter a “sanctuary city.”
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