It’s
been reported that hordes of Chinese have transferred their life
savings into stock markets in the hopes of striking it rich. According
to Zero Hedge, some 7.2 million trading accounts have been opened in just the last two months.
by Mac Slavo, SHTFPlan:
If you’re familiar with the story of the shoeshine boy then skip right to the image below.
The anecdote goes that avid investor Joe Kennedy was on his way to work in the winter of 1928 and stopped to have his shoes shined. When the shoeshine boy finished he offered up a tip to Kennedy.
“Buy Hindenburg,” he told the millionaire. Kennedy soon unloaded most of his holdings. When pressed by friends and associates about his reason for selling, Kennedy quipped:
“You know it’s time to sell when shoeshine boys give you stock tips. This bull market is over.”
Read More @ SHTFPlan.com
by Mac Slavo, SHTFPlan:
If you’re familiar with the story of the shoeshine boy then skip right to the image below.The anecdote goes that avid investor Joe Kennedy was on his way to work in the winter of 1928 and stopped to have his shoes shined. When the shoeshine boy finished he offered up a tip to Kennedy.
“Buy Hindenburg,” he told the millionaire. Kennedy soon unloaded most of his holdings. When pressed by friends and associates about his reason for selling, Kennedy quipped:
“You know it’s time to sell when shoeshine boys give you stock tips. This bull market is over.”
Read More @ SHTFPlan.com
New Highs To Nowhere On Nothing
Submitted by Tyler Durden on 04/26/2015 - 20:25 It’s official: all the markers of manias both past and present have now been surpassed.
Boston Fed Admits There Is No Exit, Suggests QE Become "Normal Monetary Policy"
Submitted by Tyler Durden on 04/26/2015 - 21:00 "Largely missing from these discussions about the Fed's "exit strategy" is a consideration that perhaps it should retain, not discard, the balance sheet tools," the Boston Fed says, in a new paper advocating the retention of QE as a permanent part of the Fed's tool box. QEfinity may yet become a reality and for the most ironic of reasons: because the Fed is now in charge of promoting "financial stability" something which, as last October's Treasury flash crash proves, is exacerbated by asset purchases not ameliorated.How The Fed "Engineered A Massive Squeeze In The Markets"? With The Help Of 683x Leverage
Submitted by Tyler Durden on 04/26/2015 - 19:50
Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver? Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million
ounces of physical silver. Clearly, someone over at JP Morgan is
convinced that physical silver is a great investment. But in recent
times, the price of silver has actually fallen quite a bit. As I write
this, it is sitting at the ridiculously low price of $15.66 an ounce.
So up to this point, JP Morgan’s investment in silver has definitely not
paid off. But it will pay off in a big way if we will soon be entering a time of great financial turmoil.Read More…
Rising Police Aggression A Telling Indicator Of Our Societal Decline
Submitted by Tyler Durden on 04/26/2015 - 19:15 The lines have been drawn in many police departments: it’s us vs. them. Trust in many departments has been utterly shattered within some communities because the police hold themselves to a different standard than they do the populace. But the recent cases of police brutality are simply a symptom of a much larger problem. Society in the US is breaking down, civility has been lost, and the country is rapidly becoming uncivilized. This extends within and across all of the most important institutions.
Daily Bell: Before we continue, give us a very brief synopsis of your latest book, The Real Crash: America’s Coming Bankruptcy—and How to Save Yourself and Your Country? for those who haven’t read it. It goes into detail on many of the topics we’ve been discussing today.Peter Schiff: In a nutshell, people think the financial crisis is in our past. It is not. It is in our future. That was the overture to the opera, the beginning. This thing is far from over. It is the people who didn’t understand that crisis that are the ones who think we have solved the problem. They never understood the problem in the first place, which is why they were so blindsided by the ’08 financial crisis. I understood the problem. That is why I was warning about it for years and that is why I understand that the problem has only been made worse by the very people and institutions that caused it in the first place.
Daily Bell: Thanks. Let’s turn to Europe for a minute. Is Greece going to leave the EU? Is the drachma coming back?
Read More @ TheDailyBell.com
Capital Controls Arrive: Greece Begins Confiscating Deposits Of "Small Debtors"
Submitted by Tyler Durden on 04/26/2015 - 15:17 "Soft" capital controls arrived in Greece last week with the state decree requiring local governments to transfer reserves to Athens. Now, Kathimerini reports that debtors are seeing their accounts frozen in an indication that "hard" capital controls are set to be instituted amid a deepening cash crunch.
by Bernie Suarez, Activist Post:
The latest ISIS report by mainstream media is in. As has been the
case since 2014’s launching of the ISIS show, CNN once again has taken
the lead in being the mouthpiece of Intelligence to spread lies and
deceit to the American people to set them up for a future terror event.
Now we’re told ISIS is supposedly here in the United States.
The way that FBI and other Intelligence agencies know this is because they overheard some “chatter” somewhere. Everything else about the new ISIS threat revelation is a secret that you apparently do not need to know because the government agencies are “not” willing to be more specific about anything at this time. Also, someone whose identity is NOT known has asked the Intelligence agencies and the reporters like CNN’s Evan Perez to “NOT” reveal too much about this ISIS threat.
Read More @ ActivistPost.com
The latest ISIS report by mainstream media is in. As has been the
case since 2014’s launching of the ISIS show, CNN once again has taken
the lead in being the mouthpiece of Intelligence to spread lies and
deceit to the American people to set them up for a future terror event.
Now we’re told ISIS is supposedly here in the United States.The way that FBI and other Intelligence agencies know this is because they overheard some “chatter” somewhere. Everything else about the new ISIS threat revelation is a secret that you apparently do not need to know because the government agencies are “not” willing to be more specific about anything at this time. Also, someone whose identity is NOT known has asked the Intelligence agencies and the reporters like CNN’s Evan Perez to “NOT” reveal too much about this ISIS threat.
Read More @ ActivistPost.com
from The Burning Platform:
The wealthiest Americans can fly on their own jets, live in gated compounds and watch movies in their own theaters.
More of them also are walling off their political contributions from other big and small players.
A growing number of political committees known as super PACs have become instruments of single donors, according to a ProPublica analysis of federal records. During the 2014 election cycle, $113 million – 16 percent of money raised by all super PACs – went to committees dominated by one donor. That was quadruple their 2012 share.
Read More @ TheBurningPlatform.com
The wealthiest Americans can fly on their own jets, live in gated compounds and watch movies in their own theaters.More of them also are walling off their political contributions from other big and small players.
A growing number of political committees known as super PACs have become instruments of single donors, according to a ProPublica analysis of federal records. During the 2014 election cycle, $113 million – 16 percent of money raised by all super PACs – went to committees dominated by one donor. That was quadruple their 2012 share.
Read More @ TheBurningPlatform.com
from The Daily Sheeple:
On April 7th, Betty McCray was elected mayor of the town of Kinloch, just outside of St. Louis, Missouri. However, after she was sworn in earlier this week, she headed toward city hall to start her term, when she was stopped by nearly two dozen police officers in front of the building (I should add that there are over 50 members of the police department for this town of 300 residents). They claimed that she had been suspended and served impeachment papers for voter fraud.
If all you read was the local mainstream news, you’d think this was a cut and dry case. It wouldn’t be hard to believe either. Political corruption isn’t exactly unheard of in America.
Read More @ TheDailySheeple.com
On April 7th, Betty McCray was elected mayor of the town of Kinloch, just outside of St. Louis, Missouri. However, after she was sworn in earlier this week, she headed toward city hall to start her term, when she was stopped by nearly two dozen police officers in front of the building (I should add that there are over 50 members of the police department for this town of 300 residents). They claimed that she had been suspended and served impeachment papers for voter fraud.
If all you read was the local mainstream news, you’d think this was a cut and dry case. It wouldn’t be hard to believe either. Political corruption isn’t exactly unheard of in America.
Read More @ TheDailySheeple.com
Hillary's Banned Words
Submitted by Tyler Durden on 04/26/2015 - 15:30
Russia Deploys Tactial Drone In The Arctic, Exposes Rarely-Seen US Spy Satellite Images
Submitted by Tyler Durden on 04/26/2015 - 21:35 While the USA is busy killing US civilians and terrorists with its drone program, Russia is set to deploy its own Orlan-10 drones in the oil- and gas-rich Arctic region (reportedly to monitor the climate situation). As SputnikNews reports, Colonel Aleksandr Gordeev stated "the drones' task is to maintain impartial control of the situation in the Russian sector of the Arctic, including the ecological and ice situation in the adjoining sea areas and along the Northern Sea Route." So, passive-agressive? However, Russia also chose this week to release rarely-seen images of a US intelligence satellite which as one analyst notes is provocative (but obscure in its intent other than the growing recognition of US space-based surveillance assets).
It's Not Just The Students Who Are Broke: LSU Draws Up Bankruptcy Plan
Submitted by Tyler Durden on 04/26/2015 - 14:47 "Louisiana faces a $1.6 billion budget shortfall in the coming fiscal year, a result of both plunging oil-tax revenue and the state’s failure to enact adequate tax increases or spending cuts after the economic downturn in 2009. The latest plans would mean an 82 percent cut to the state’s public colleges and universities."
Goldman Gets Cold Feet:"It Is Difficult To Predict How Negative The Market Reaction To Grexit Would Be"
Submitted by Tyler Durden on 04/26/2015 - 14:18 "We think that, at the 10-year tenor, the spread between Spanish and Italian bonds yield versus Bunds yield could still widen to around 350-400bp before a policy response is enacted. We stress that the departure of a country from the ‘irrevocable’ monetary arrangements of the EMU would take us into unchartered waters and it is difficult to predict how negative the market reaction could be."
White House Admits Russian Hackers Read Obama's Unclassified Emails
Submitted by Tyler Durden on 04/26/2015 - 14:00 It appears a breach of the White House’s unclassified computer system last year was far more intrusive and worrisome than has been publicly acknowledged. As The NY Times reports, some of President Obama’s email correspondence was swept up by Russian hackers who also got deeply into the State Department’s unclassified system. "This has been one of the most sophisticated actors we’ve seen," according to one official, and while Mr. Obama’s BlackBerry was not penetrated, officials have conceded that the unclassified system routinely contains much information that is considered highly sensitive.California Goes Dark: Sunshine Laws Ignored By The California DOJ
The darkness now enveloping the state of California is not a result of
a power failure. Rather, it is the result of too much power,
concentrated in the hands of those who do not respect or honor those who
have delegated authority to them.This darkness is palpable, though it is not physical. This darkness is the result of attempts by those in power to illegally obscure their activities from the populace. Make no mistake, this darkness is obscuring crimes of murder as well as crimes against property.
The perpetrators of this darkness are acting in concert. On one hand, we have members of the California Department of Justice ignoring their responsibilities under the California Public Records Act. In another agency, also located in the capitol of California, Sacramento, we have other individuals — Julia Ansel, head of the Professional Fiduciaries Bureau (PFB) located in the Department of Consumer Affairs and also Russ Heimerich, spokesperson for the PFB, also illegally obscuring access to related information.
Read More @ TheNewsDoctors.com
Apologies To A Grandson: "It's Not The Country I Imagined For You"
Submitted by Tyler Durden on 04/26/2015 - 16:15 "I have no way of imagining what the United States will be like in your adulthood and yet I can sense that this country is changing in unsettling ways... Stretch anything far enough and it’ll begin to tear, fragment, break apart. That, I suspect, may be a reasonable summary of what’s been happening in our twenty-first-century world. Under stress, things are beginning to crack open... Though you don’t know it yet, you’re already living in an increasingly lopsided world whose stresses only seem to be multiplying. This has been true for the return of plutocracy...It certainly doesn’t look like the American world I’d want to turn over to you."from WallStForMainSt:
by Jaco Schipper, Market Update:
Jelle Zijlstra was a renowned Dutch economist and one of Holland’s
finer statesmen. Early in his career in 1948, shortly after World War
II, he became a professor, specializing in the velocity of money. By
1952 he was appointed minister of economic affairs, then Dutch treasurer
from 1958 to 1963 and again from 1966 to 1967. During his last term as
treasurer he led the Dutch Cabinet as prime minister as well until 1967,
after which he became president of De Nederlandsche Bank (DNB). While
president of the Dutch central bank he was appointed as the president of
the Bank for International Settlements (BIS) as well, positions he held
until his resignation in 1981.
The other side of the mock SDR note says: “To Meet the Need, As and When It Arises, for a Supplement to Existing Reserve Assets.” In between it says: “1 SDR = 0.8886671 gram of fine gold(?).”
Read More @ MarketUpdate.nl
Jelle Zijlstra was a renowned Dutch economist and one of Holland’s
finer statesmen. Early in his career in 1948, shortly after World War
II, he became a professor, specializing in the velocity of money. By
1952 he was appointed minister of economic affairs, then Dutch treasurer
from 1958 to 1963 and again from 1966 to 1967. During his last term as
treasurer he led the Dutch Cabinet as prime minister as well until 1967,
after which he became president of De Nederlandsche Bank (DNB). While
president of the Dutch central bank he was appointed as the president of
the Bank for International Settlements (BIS) as well, positions he held
until his resignation in 1981.The other side of the mock SDR note says: “To Meet the Need, As and When It Arises, for a Supplement to Existing Reserve Assets.” In between it says: “1 SDR = 0.8886671 gram of fine gold(?).”
Read More @ MarketUpdate.nl
from Western Journalism:
Anyone who would want to see a Jeb Bush vs. Hillary Clinton presidential race in 2016 has a death wish for America.
Does anyone in the country want to see another Bush vs. Clinton presidential race? If they do, they have a death wish for America.
It is not uncommon these days to hear people refer to Jeb and Hillary as the “royals.” And, while I’m glad that a lot of people seem to have a natural revulsion to having another Bush or Clinton in the White House, the fact is, the Bushes and Clintons are not two “royals.” They are one CRIME FAMILY.
Read More @ WesternJournalism.com
Anyone who would want to see a Jeb Bush vs. Hillary Clinton presidential race in 2016 has a death wish for America.Does anyone in the country want to see another Bush vs. Clinton presidential race? If they do, they have a death wish for America.
It is not uncommon these days to hear people refer to Jeb and Hillary as the “royals.” And, while I’m glad that a lot of people seem to have a natural revulsion to having another Bush or Clinton in the White House, the fact is, the Bushes and Clintons are not two “royals.” They are one CRIME FAMILY.
Read More @ WesternJournalism.com
from Black Listed News:
‘Audience: All Service Attendees At Non-Commissioned Officer Academies Or Officer Career Courses. Synopsis: Provides soldiers with psychological operations (PSYOP) terminology and developments and shows how PSYOP is used as both an offensive and defensive tool. PSYOP coordination requirements and the integration process for including PSYOP into military operations is also included.’
US Army Training Film TVT 31-23
Public domain film from the US National Archives, slightly cropped to remove uneven edges, with the aspect ratio corrected, and mild video noise reduction applied.
The soundtrack was also processed with volume normalization, noise reduction, clipping reduction, and/or equalization (the resulting sound, though not perfect, is far less noisy than the original).
Read More @ BlackListedNews.com
‘Audience: All Service Attendees At Non-Commissioned Officer Academies Or Officer Career Courses. Synopsis: Provides soldiers with psychological operations (PSYOP) terminology and developments and shows how PSYOP is used as both an offensive and defensive tool. PSYOP coordination requirements and the integration process for including PSYOP into military operations is also included.’
US Army Training Film TVT 31-23
Public domain film from the US National Archives, slightly cropped to remove uneven edges, with the aspect ratio corrected, and mild video noise reduction applied.
The soundtrack was also processed with volume normalization, noise reduction, clipping reduction, and/or equalization (the resulting sound, though not perfect, is far less noisy than the original).
Read More @ BlackListedNews.com
by John Rubino, Dollar Collapse:
The past few years have been brutal for the gold miners, most of which brought it on themselves by starting new, high-cost mines just in time for the metal’s price to crater. The resulting write-downs and operating losses have made this without question the most unloved sector in the whole market.
The consensus among analysts has been that most miners’ costs are so structurally sticky that only slight reductions will be possible, making the industry a financial basket case until gold starts rising again.
Then Newmont, the second biggest gold miner, reported its first quarter earnings. Among other startling numbers, its all-in sustaining costs to produce one ounce of gold fell nearly 18 percent to $849 and its earnings rose by either 50% or 89% year-over-year, depending on the definition of profit being used (analysts were predicting a slight earnings decline). Free cash flow, meanwhile, soared to $344 million from the year-earlier $52 million.
Read More @ DollarCollapse.com
The past few years have been brutal for the gold miners, most of which brought it on themselves by starting new, high-cost mines just in time for the metal’s price to crater. The resulting write-downs and operating losses have made this without question the most unloved sector in the whole market.
The consensus among analysts has been that most miners’ costs are so structurally sticky that only slight reductions will be possible, making the industry a financial basket case until gold starts rising again.
Then Newmont, the second biggest gold miner, reported its first quarter earnings. Among other startling numbers, its all-in sustaining costs to produce one ounce of gold fell nearly 18 percent to $849 and its earnings rose by either 50% or 89% year-over-year, depending on the definition of profit being used (analysts were predicting a slight earnings decline). Free cash flow, meanwhile, soared to $344 million from the year-earlier $52 million.
Read More @ DollarCollapse.com
from NextNewsNetwork:
from Bearing Arms:
One of the most common avenues of attack for gun control supporters is
the attempt to limit the ability of citizens to own the
standard-capacity magazines that a given firearm was designed to use.
These opponents of your Second Amendment rights claim that you don’t “need” a standard-capacity magazine, and have pushed some states to adopt arbitrary 15, 10, or even 7 round magazine limits.
The reality of the matter, of course, is that the Second Amendment was intended to ensure that the citizenry always maintained access to arms and accouterments of contemporary military utility, including unrestricted magazines. Thomas Jefferson himself purchased two rifles with detachable 22-round magazines which he sent west with Lewis & Clarke on their famous expedition to the Pacific Ocean and back.
Read More @ BearingArms.com
One of the most common avenues of attack for gun control supporters is
the attempt to limit the ability of citizens to own the
standard-capacity magazines that a given firearm was designed to use.These opponents of your Second Amendment rights claim that you don’t “need” a standard-capacity magazine, and have pushed some states to adopt arbitrary 15, 10, or even 7 round magazine limits.
The reality of the matter, of course, is that the Second Amendment was intended to ensure that the citizenry always maintained access to arms and accouterments of contemporary military utility, including unrestricted magazines. Thomas Jefferson himself purchased two rifles with detachable 22-round magazines which he sent west with Lewis & Clarke on their famous expedition to the Pacific Ocean and back.
Read More @ BearingArms.com
by Daisy Luther, The Organic Prepper:
Home of restrictive gun laws. Liberal enclaves like Los Angelos and
Hollywood. That terrible, four-year drought. Feinstein and Pelosi.
Not great qualities for a state, I have to admit.
I can’t tell you how many times people have blithely suggested that I move. Or that they hold close the fervent wish that our state should break off with the next earthquake and fall into the ocean. Or that they lump every single Californian in with the Obama-loving, gum-chewing, impractical folks that are always the ones representing us on TV.
Read More @ TheOrganicPrepper.com
Home of restrictive gun laws. Liberal enclaves like Los Angelos and
Hollywood. That terrible, four-year drought. Feinstein and Pelosi.Not great qualities for a state, I have to admit.
I can’t tell you how many times people have blithely suggested that I move. Or that they hold close the fervent wish that our state should break off with the next earthquake and fall into the ocean. Or that they lump every single Californian in with the Obama-loving, gum-chewing, impractical folks that are always the ones representing us on TV.
Read More @ TheOrganicPrepper.com
This week in a secret meeting of global “fixers,” sometimes called the
“Secret Shadow Government” or the “Khazarian Mafia,” Ohio Governor John
Kasich, a virtual unknown, was chosen to join “the least of all Bushes,”
former Florida governor Jeb Bush, to be appointed to run the US after a
rigged presidential election scheduled for 2016.Leading the Planet to Armageddon: War is coming, everyone sees it but few understand how much events are controlled by American elections. A reality of the 20th century is that a Republican/GOP presidential win can only be achieved through rigging an election. Only 30% of Americans see themselves as “conservative” or “Republican.”
It is America’s Republican Party, the party of Nixon/Reagan/Bush and McCain that is pushing for war with Russia, even at the risk of branding America a rogue dictatorship.
Read More @ Neo.org
by Mahdi Darius Nazemroaya, Global Research:
Talk about joint efforts between China, India, Russia and Iran against
NATO expansion was augmented with plans for tripartite military talks
between Beijing, Moscow, and Tehran.
Defense ministers and military officials from all over the world gathered on April 16 at the landmark Radisson Royal or Hotel Ukraina, one of the best pieces of Soviet architecture in Moscow, which is known as one of the “Seven Sisters” that were constructed during Joseph Stalin’s time. The two-day event hosted by the Russian Defense Ministry was the fourth annual Moscow Conference on International Security (MCIS).
Civilian and military officials from over seventy countries, including NATO members, attended. Fifteen defense ministers took part in the event. However, aside from Greece, defense ministers of NATO countries did not participate in the conference.
Read More @ GlobalResearch.com:
Talk about joint efforts between China, India, Russia and Iran against
NATO expansion was augmented with plans for tripartite military talks
between Beijing, Moscow, and Tehran.Defense ministers and military officials from all over the world gathered on April 16 at the landmark Radisson Royal or Hotel Ukraina, one of the best pieces of Soviet architecture in Moscow, which is known as one of the “Seven Sisters” that were constructed during Joseph Stalin’s time. The two-day event hosted by the Russian Defense Ministry was the fourth annual Moscow Conference on International Security (MCIS).
Civilian and military officials from over seventy countries, including NATO members, attended. Fifteen defense ministers took part in the event. However, aside from Greece, defense ministers of NATO countries did not participate in the conference.
Read More @ GlobalResearch.com:
from KingWorldNews:
The debt that investors have pledged with stocks as collateral has
reached another record, and their available cash a record low. But the
growth in that debt has not kept pace with the growth in stocks,
suggesting we’re not seeing speculative fervor. For the past few years,
when looking at margin debt, we’ve been discussing the likelihood that
we were entering a different environment than we saw in 2000 and 2007.
The headline numbers look frightening, on a par with those massive market peaks, but when adjusting the data for market cap and looking further back in history, it got difficult to justify including margin debt as a negative for stocks.
With the latest release from the NYSE, the headline numbers got even scarier. Cash available to investors (debt minus credits) dropped to an all-time low.
Read More @ KingWorldNews.com
The debt that investors have pledged with stocks as collateral has
reached another record, and their available cash a record low. But the
growth in that debt has not kept pace with the growth in stocks,
suggesting we’re not seeing speculative fervor. For the past few years,
when looking at margin debt, we’ve been discussing the likelihood that
we were entering a different environment than we saw in 2000 and 2007.The headline numbers look frightening, on a par with those massive market peaks, but when adjusting the data for market cap and looking further back in history, it got difficult to justify including margin debt as a negative for stocks.
With the latest release from the NYSE, the headline numbers got even scarier. Cash available to investors (debt minus credits) dropped to an all-time low.
Read More @ KingWorldNews.com
by David Gutierrez, Natural News:
The Los Angeles County Board of Supervisors has temporarily halted a
federal program to install giant cell towers on top of fire and
sheriff’s stations, part of a wider effort to improve emergency
communications systems. However, similar programs are proceeding apace
across the country.
County residents expressed concerns that the towers could have negative health effects on nearby residents, or even be used for surveillance. In particular, dozens of firefighters attended a Board of Supervisors meeting on March 24 to raise worries about the effects of being exposed to radiation from the towers.
“The proximity of the towers and people living next to the towers is of grave concern, but it’s a very complex issue as to how those radio waves affect people all the way up to three miles away,” said Dave Gillotte president of Los Angeles County Firefighters 1014.
Read More @ NaturalNews.com
from The Money GPS:
The Los Angeles County Board of Supervisors has temporarily halted a
federal program to install giant cell towers on top of fire and
sheriff’s stations, part of a wider effort to improve emergency
communications systems. However, similar programs are proceeding apace
across the country.County residents expressed concerns that the towers could have negative health effects on nearby residents, or even be used for surveillance. In particular, dozens of firefighters attended a Board of Supervisors meeting on March 24 to raise worries about the effects of being exposed to radiation from the towers.
“The proximity of the towers and people living next to the towers is of grave concern, but it’s a very complex issue as to how those radio waves affect people all the way up to three miles away,” said Dave Gillotte president of Los Angeles County Firefighters 1014.
Read More @ NaturalNews.com
from The Money GPS:
Europe Has Completely Lost It
Submitted by Tyler Durden on 04/26/2015 - 13:15 As the Greek negotiations with the eurogroup and the ‘institutions’ show us with intense and increasing clarity, the notion of the euro being a boat to lift all tides turns out to be full-on bogus. Southern Europe’s nations will be either thrown out or allowed to stay only as debt servants. For now, Germany and Holland prefer to keep everyone on board, but that may still change. It would therefore seem like a good idea for Greece and Italy to make their moves while they can. What Tsipras and Varoufakis must accomplish is to make people understand that what Europe does to the refugees, it will do to its own citizens too.
Why A Chinese Developer's Default Means Trouble For New York Real Estate
Submitted by Tyler Durden on 04/26/2015 - 12:30 Following the default on major Chinese developer Kaisa this week, and with the continued softness in the Chinese property market, many are asking who's next among the highly-leveraged firms. However, as The Real Deal's Konrad Putzier notes, Kaisa’s default carries significance for New York’s real estate industry. Chinese investors spent $3 billion on New York properties in 2014. Many in New York continue to associate Chinese real estate companies with limitless funds and a never-ending ability to invest... But what if they are wrong?
Our Financial Future: Infinite Greed Meets A Funny Thing Called Karma
Submitted by Tyler Durden on 04/26/2015 - 11:45 Somewhere along the line, we lost the ability to distinguish between earning a profit and maximizing private gain by any means, i.e. Infinite Greed. All those angered by the mere question of the viability of this predatory pillaging in the name of capitalism are incapable of even admitting this cultural crisis exists.
For Nazi Industrialists And Hitler's Banker "All Was Forgiven"
Submitted by Tyler Durden on 04/26/2015 - 11:06 Germany had lost the war, the Nazi industrialists agreed, but the struggle would continue along new lines. The Fourth Reich would be a financial, rather than a military imperium. The industrialists were to plan for a “postwar commercial campaign.” They should make “contacts and alliances” with foreign firms but ensure this was done without “attracting any suspicion.”... The State Department’s efforts on Schacht’s behalf worked. He was initially found guilty but was then acquitted, to the fury of the Soviet judge./
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