One American's Rage Spills Over: Shut Your Mouth & Start Fighting These Political Parasites

Submitted by Tyler Durden on 03/13/2015 - 15:53
"I was shocked today by the absolute gaul of the Fed releasing a statement about Net Worth in America reaching record levels.  Now I get that they are under extreme pressure to sell the story that everything is rainbows and butterflies. The ugly reality is that the bottom 80% of Americans experienced none of that gain. And so when the Fed via its ass pamper boy, Steve Liesman, start banging on about the fact that some sliver of society is being handed extraordinary wealth while the working class has lost 40% of their net worth since 2007, well a big F### you right back at ya bub!...And for those of you that think I’m an ass for being so harsh on us, well stuff it.  Get up off your stool you lazy drunk, shut your damn mouth and start fighting these political parasites like a damn man, like a damn American." 

RED ALERT – IBM Moves to Create a Centralized, Central Bank Controlled Blockchain for Currency Control

by Michael Krieger, Liberty Blitzkrieg:
International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the “blockchain,” to create a digital cash and payment system for major currencies, according to a person familiar with the matter.
Unlike bitcoin, where the network is decentralized and there is no overseer, the proposed digital currency system would be controlled by central banks.
– From the Reuters article: IBM Looking at Adopting Bitcoin Technology for Major Currencies
Read More @ Libertyblitzkrieg.com

Flash Boys' Michael Lewis Warns "The Problem's Not Just HFT, The Problem Is The Entire System"

Submitted by Tyler Durden on 03/13/2015 - 09:50 As HFT shops begin to turn on each other, it seems appropriate to reflect on the impact that Michael Lewis' Flash Boys book had on exposing the ugly truth that many have been discussing for years in US (and international) equity (and non-equity) markets. As Lewis concludes, after explaining the attacks he has suffered from the HFT industry, "If I didn't do more to distinguish 'good' H.F.T. from 'bad' H.F.T., it was because I saw, early on, that there was no practical way for me or anyone else... to do it. ...  The big banks and the exchanges [have] been paid to compromise investors’ interests while pretending to guard those interests. I was surprised more people weren’t angry with them."
 

How The ECB Is Distorting Euro Money Markets

Submitted by Tyler Durden on 03/13/2015 - 12:19 Central banks' ability to distort markets, inhibit price discovery, and create systemic risk is alive and well as ECB asset purchases ripple through euro money markets. "The ECB’s liquidity bazooka will likely create the conditions for all rates money markets to stay in negative territory. This would represent a very challenging environment for investors, especially those focusing on the euro money markets, whose resilience to negative rates has not fully tested yet," Barclays warns.
 

What Happens To The Stock Market If The U.S. Follows The World Into Recession?

Submitted by Tyler Durden on 03/13/2015 - 08:58

Regardless of income, history shows that stocks crater when payrolls, industrial production and real final sales all tank. The current euphoria for stocks has several components: one is soaring corporate profits, and the other is quasi-religious faith in the power of central banks to keep stocks lofting higher in a complete disconnect from fundamentals such as sales, profits, production or payrolls. History is rather unkind to blind faith in central banks, just as the rising U.S. dollar and stagnant sales are being very unkind to corporate profits.

 

US Attacks "Closest Ally" UK For "Constant Accommodation" With China

Submitted by Tyler Durden on 03/13/2015 - 13:24 The UK has announced it’s joining the Asian Infrastructure Investment Bank, China’s answer to the Asian Development Bank over which Beijing feels the US has undue influence. US wonders aloud if "constant accommodation" is the best way to engage a "rising power".
 

Europe Has A Modest Proposal For Greece: "Don't Pay Wages For One Or Two Months"

Submitted by Tyler Durden on 03/13/2015 - 11:40 The Greek media is ablaze with just what Europe's proposed solution to this issue may be. As Protothema and Capital report, the Troika proposed that Athens halt the payment of salaries and pensions for one to two months. This, according to Europe, would promptly tackle the problem of liquidity and find a solution to Greek problem of how to pay back bailout loan tranches to creditors when suffering from liquidity problems.
 

ECB QE Week 1: Germany 3, Greece -9

Submitted by Tyler Durden on 03/13/2015 - 12:37 And so the first week of Draghi Open Market Operations (DOMO) ends and while yields have been pushed lower, the benefits of massive money printing are very much skewed to The North and not The South. Spanish sovereign bond risk ended the week unchanged (not exactly the exuberance Draghi hoped for) and Italy only 2bps lower. In equity land, the divergenes were enormous - German stocks soared to new record highs (up 3% this week and 21% year-to-date) as the rest of the majors rose less than 1%. Spanish stocks fell 0.6% but Greek stocks cratered over 9% on the week. Inflation breakevens also fell 6bps on the week...and Europe's VIX rose 0.3 to 18.85... oops.
 

FDA Caught Covering Up Illegal Activity! Fukushima 70x Increase in Radiation

from The Money GPS:

Big Pharma Giant Guilty of Selling Tainted Children’s Tylenol – Knowingly

by Mike Barrett, Natural Society:
How far does the fraud and contamination of our country’s products go? The list is seemingly endless. Recently adding on to the list, mega-company Johnson and Johnson was recently found out to be knowingly selling adulterated bottles of Tylenol that contain metal particles.
The makers of this children’s Tylenol seemed to think it was OK to pollute our nation’s children  – even if it meant a federal criminal charge.
Johnson & Johnson subsidiary McNeil Consumer Healthcare ‒ which makes Infants’ and Children’s Tylenol and Children’s Motrin ‒ agreed to pay $25 million to resolve the case, the Associated Press reported, citing court documents. The deal came at a plea hearing Tuesday afternoon.
Read More @ Natural Society

Estonia Fears Being "Overrun By Russia In Minutes", Sweden Sends Troops To Baltic Sea Island

Submitted by Tyler Durden on 03/13/2015 - 19:30 "Gotland is a big worry for us. It could be overrun by Russia in minutes and then all of us would be highly vulnerable to an attack," warned one politician recently as it appears NATO fear-mongering and Russia sabre-rattling is having a significant effect on many of the Baltic Sea's border nations. As The FT reports, Sweden will put troops back on the strategic Baltic Sea island of Gotland after a decade-long absence and will also step up military exercises around the island involving the army, navy and air force. “Hunting submarines is a priority area," Sweden's defense minister explained, adding that "everything we do is a part of underlining Swedish sovereignty."
 

More And More Americans Look to Protect Their Wealth Offshore

Submitted by Tyler Durden on 03/13/2015 - 18:55 Every time you think the US establishment can do no more to threaten the freedom and livelihood of the very Americans who contribute the most to the prosperity of the country, they increase the heat in the furnace by a notch with more cheap money and debt, additional laws and higher taxes. America, the land of the free, as it was rightfully referred to in the past, and certainly a beautiful place in so many ways, is in the process of destroying the very foundation it was built on.
 

Lifestyles Of The Not So Austere & Socialist: Greek FinMin Edition

Submitted by Tyler Durden on 03/13/2015 - 18:20 In an apparent attempt to allow Greeks to live well vicariously through their elected officials, FinMin Yanis Varoufakis poses for a not very austere photo shoot, sending Twitter into a frenzy.
 

iDontcare: 69% Of Polled Americans Are "Not Interested" In The Apple Watch

Submitted by Tyler Durden on 03/13/2015 - 17:13 Despite the endless media onslaught, which courtesy of Apple's hundreds of billions in cash is nothing but the biggest new product paid infomercial-cum-publicity stunt to roll out the latest new "revolutionary" wearable product a just released Reuters/IPSOS poll shows that the vast majority of Americans are greeting the new Apple watch with nothing but iYawns. The poll reveals that 69% of Americans are they are not interested in buying the gadget, with 47.8% responding "not at all interested."
 

Furious "Plunge Protection" In Final Minutes Fails To Push Stocks Green For 2015

Submitted by Tyler Durden on 03/13/2015 - 17:05

 

Parasite Turns On Parasite: HFT Sues Other HFTs For "Egregious Manipulation" Of Treasury Securities

Submitted by Tyler Durden on 03/13/2015 - 16:43 The beginning of the end of high frequency trading has arrived, and it has done so in a most unexpected fashion: with an HFT turning on other HFTs and revealing on the record, for the entire world to see, just how truly parasitic, manipulative and "market-rigging" the algorithms truly are.
 

5 Things To Ponder: Return To Reality

Submitted by Tyler Durden on 03/13/2015 - 16:39 There is a tremendous denial by analysts and economists currently of the deteriorating economic underpinnings.
 

Peak Crony Capitalism: First Citi Writes US Financial Laws, Now Boeing Tells Ex-Im Bank What To Do

Submitted by Tyler Durden on 03/13/2015 - 14:56 Today's most under the radar news, just as Citigroup was to Congress, and the swaps push out language, so Boeing, that primary recipients of the generosity of America's Export-Import (Ex-Im) Bank, has been caught red-handed drafting the rules of none other than the Ex-Im bank itself! According to the WSJ: "when the Export-Import Bank sought to respond to critics with tighter rules for aircraft sales, it reached out to a company with a vested interest in the outcome: Boeing Co., the biggest beneficiary of the bank’s assistance." Or nothing more than a criminal conflict of interest, which, once again, is at the expense of America's infinite bailout piggybank: it's taxpayers.
 

Debt Ceiling Drama Is Back: Two Days Until US Borrowing Capacity Is Exhausted

Submitted by Tyler Durden on 03/13/2015 - 14:18 And so, a little over a year after the last debt ceiling melodrama, in which the US kicked the can on its maximum borrowing capacity to this Sunday, March 15, in the meantime raking up total US public debt to $18.149 trillion the soap opera with the self-imposed borrowing ceiling on America's "credit card" is back, and the US is once again faced with sad reality of its debt ceiling (now at well over 100% of America's upward revised GDP of $17.7 trillion). Tthe reason: two days from today Congress’s temporary suspension of the debt ceiling, which was approved in February 2014, ends.
 

Why The Dollar Is Rising As The Global Monetary Bubble Craters

Submitted by Tyler Durden on 03/13/2015 - 13:54 The inevitable death of the dollar may have been delayed. The reason is simply that the other three big economies of the world - Japan, China and Europe - are in even more disastrous condition. Worse still, their governments and central banks are actually more clueless than Washington, and are conducting policies that are flat out lunatic - meaning that their faltering economies will be facing even more destructive punishment from policy makers in the days ahead. The current malignant monetary regime does not merely imply that the Wall Street casino is a dangerous place for your money. No, it screams get out of harms’ way. Now!
 

How's that recovery working out for you...

Lumber and Lumber Liquidators Liquidated

Submitted by Tyler Durden on 03/13/2015 - 13:42 When the chairman of your company comes on CNBC to defend its reputation and the stock drops 11%... perhaps it's time to reconsider the strategy. Lumber liquidators is plunging lemming-like and Lumber futures are being liquidated at the fastest rate in over a year...
 
 
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