Submitted by Tyler Durden on 04/14/2015 - 12:56
Hillary rose to fame delivering an idealistic commencement address at the beginning of her career. But like the generation she represents, she has betrayed those grand ideals over a lifetime of compromise, expediency, self-promotion and complacent acquisition of power, wealth and fame. She doesn’t deserve another stint at the podium - let alone the bully pulpit.
330 Million Citizens & Only One Democrat Interested In Being President
Submitted by Tyler Durden on 04/14/2015 - 16:30 You could ask 1000 people what characteristics they want in a president and 990 will describe Ron Paul. However, ask 1000 people what they think of Ron Paul and 990 will say he’s crazy. Why?? Because that’s what we’ve been told to think. So we think it. It is that simple. And that is why this country has been deteriorating for 100 years and really accelerating, faster each year for the past 15, toward utter collapse. But not to fear, the free fall is about to end… and with a thump.
"We're Living In A Gambling Society" BlackRock's Larry Fink Urges CEOs To Stop "Short-Termist" Thinking
Submitted by Tyler Durden on 04/14/2015 - 17:00 As the ongoing collapse in economic productivity continues in America, and Alan Greenspan's concerns grow, the call for an end to the diversion of corporate spending to instantly shareholder-friendly actions comes from an unusual source. Larry Fink - CEO of the largest asset manager in the world - has unleashed a letter to 500 CEOs around the world - telling them that "the effects of the short-termist phenomenon are troubling both to those seeking to save for long-term goals such as retirement and for our broader economy,” bucking the dividend/buyback trend that investors are demanding. As NYTimes notes, the shortsightedness that pervades corporate America is just a symptom of a larger issue. "This is not just a corporate problem," Fink explains, "It's a societal problem, we’re currently living in a "gambling society."
It appears that this morning I have stumbled upon the World’s Two,
Stupidest People: the person who wrote the article below, and the
idiot-economist whom the writer (foolishly) treats as an expert. The
premise of the World’s Two Stupidest People? There is a “shortage” of
U.S. dollars in the world.“There is pent-up demand for the US currency that will underpin years of appreciation because the world is “structurally short” of the dollar“, says investor and former International Monetary Fund economist Stephen Jen.
And note that this is only the “official” increase in the supply of dollars, and doesn’t include ADDITIONAL trillions of USD’s which B.S. Bernanke simply counterfeited:
Maximum Fraud in U.S. Treasuries Market
Federal Reserve Increases Counterfeiting
Read More @ Bullionbullscanada.com
CEO Planted Cocaine On Brother Then Paid Police $100K To Arrest Him
Submitted by Tyler Durden on 04/14/2015 - 11:50 "People make the difference" at Knight Oil Tools where the "Knightmark" of "excellence, leadership, and integrity" was on full display last year when then-CEO Mark Knight planted drugs in his brother's car then paid police to arrest him...Dollar Dumped, Oil Pumped As Another Retail Sales Miss Sends Stocks Surging
Submitted by Tyler Durden on 04/14/2015 - 16:04
Active Managers' Underperformance Is A One In 130,000 Years Event
Submitted by Tyler Durden on 04/14/2015 - 15:49 Congratulations Active Managers: thanks to the Federal Reserve, also known as the Chief Risk Officer of the S&P 500, which has made any market risk a thing of the past, your underperformance relative to benchmarks over the past decade is now a 1 in 130,000 years event.
Bakken Shale Oil Well Output Drops To Lowest Since 2009
Submitted by Tyler Durden on 04/14/2015 - 15:19 Something is off: either US oil production is set to tumble, leading to another junk bond, and equity, rout among the energy companies (which as noted earlier are now trading at a near record high 32x forward PE), or oil production will continue rising and lead to another steep drop in prices, because without a dramatic pick up in demand, all this extra oil is merely piling up in Cushing and in various other storage hubs around the country, where it is merely awaiting for the tiniest increase in oil prices before hitting the market.
US Government Was More Forgiving Of The Nazis Than Its Own Citizens
Submitted by Tyler Durden on 04/14/2015 - 14:55 This is not a government of the people, for the people, by the people. It is a government that takes from the people. By any means necessary. And they grow bolder with each passing day.
Q1 GDP Expectations Are Crashing
Submitted by Tyler Durden on 04/14/2015 - 14:30 In just six short months, expectations for US economic growth in Q1 2015 has been slashed by more than half (from 'trend' 3% to a mere 1.4% growth this week). While consensus is still well above the Atlanta Fed's 0.1% forecast, the sell-side is rapidly being forced to admit it's not just the weather...
Vladimir Putin Is World's Most Influential Person Americans Say
Submitted by Tyler Durden on 04/14/2015 - 13:40 The Russian President tops TIME's 100 most influential people list even as 60% of voters were Americans. Guess where President Obama landed...
from KingWorldNews:
With crude oil trading near $54 and continued uncertainty in global
markets, today King World News wanted to take a step back and look at 5
of the most astonishing charts of 2015.
The following charts are from the Wall Street Journal. The first chart below from WSJ shows the share of expenditures on food and housing for different income groups. Note that the poorest Americans spend roughly 60 percent of their income on food and shelter.
The second chart below from WSJ shows that even with 23 percent real unemployment (ShadowStats) in the United States, which is near Great Depression levels, the percentage of unemployed Americans receiving jobless benefits is at its lowest level in decades. This is correctly noted by WSJ as taking place specifically because of the expiration of emergency federal programs.
Robert Fitzwilson Continues @ KingWorldNews.com
With crude oil trading near $54 and continued uncertainty in global
markets, today King World News wanted to take a step back and look at 5
of the most astonishing charts of 2015.The following charts are from the Wall Street Journal. The first chart below from WSJ shows the share of expenditures on food and housing for different income groups. Note that the poorest Americans spend roughly 60 percent of their income on food and shelter.
The second chart below from WSJ shows that even with 23 percent real unemployment (ShadowStats) in the United States, which is near Great Depression levels, the percentage of unemployed Americans receiving jobless benefits is at its lowest level in decades. This is correctly noted by WSJ as taking place specifically because of the expiration of emergency federal programs.
Robert Fitzwilson Continues @ KingWorldNews.com
from Armstrong Economics:
Marty, I am an avid reader and a big fan. My mind now works much
better than ever, and I am nearing my 60th year. Thank you for trying to
better society in such a selfless way. My question for today is
this…how do you do it? What I am referring to is the amazing history
lesson, usually more than once a day. I imagine that your mind is a
great encyclopedia to be able to pull together such detail in the
fashion that you are able. Yes, I know the power of computers, but there
is a personal touch that you have, far beyond the search. Kudos, and
God Bless!
ANSWER: I will answer this question for perhaps it will change the way we teach one day in school and that may spark a real new age of knowledge.
Read More @ ArmstrongEconomics.org
Marty, I am an avid reader and a big fan. My mind now works much
better than ever, and I am nearing my 60th year. Thank you for trying to
better society in such a selfless way. My question for today is
this…how do you do it? What I am referring to is the amazing history
lesson, usually more than once a day. I imagine that your mind is a
great encyclopedia to be able to pull together such detail in the
fashion that you are able. Yes, I know the power of computers, but there
is a personal touch that you have, far beyond the search. Kudos, and
God Bless!ANSWER: I will answer this question for perhaps it will change the way we teach one day in school and that may spark a real new age of knowledge.
Read More @ ArmstrongEconomics.org
by Jim Rickards, Daily Reckoning.com:
Today’s currency war started in 2010.
My first book, Currency Wars came out a little bit after that. One of
the points that I made in the book is that the world is not always in a
currency war but when we are, they can last for a very long time. They
can last for five, ten, or even fifteen years — sometimes longer.
It’s really not a surprise that here we are in 2015 talking about currency wars because it’s the same currency war. A lot of what you read or see on the TV will be some policy move by, let’s say, Japan, to weaken the yen. And reporters will say: “There’s a currency war going on”, or “There’s a new currency war.” I just roll my eyes a little bit and think to myself, “No, this is the same currency war; it’s just a new phase or new battle.”
Read More @ DailyReckoning.com
Today’s currency war started in 2010.
My first book, Currency Wars came out a little bit after that. One of
the points that I made in the book is that the world is not always in a
currency war but when we are, they can last for a very long time. They
can last for five, ten, or even fifteen years — sometimes longer.It’s really not a surprise that here we are in 2015 talking about currency wars because it’s the same currency war. A lot of what you read or see on the TV will be some policy move by, let’s say, Japan, to weaken the yen. And reporters will say: “There’s a currency war going on”, or “There’s a new currency war.” I just roll my eyes a little bit and think to myself, “No, this is the same currency war; it’s just a new phase or new battle.”
Read More @ DailyReckoning.com
Nonexistent nest eggs and most Americans are bad at planning as to how long they will live.
from MyBudget360.com:
The idea of retirement is a modern one especially when it comes to saving and having a nest egg. In the past, retirement was only a luxury afforded to a small number of wealthy families. The rest of the population was destined to work until they died. That may seem harsh but that is historical fact. After World War II the idea of mass retirement started to take hold. Even Social Security was merely a safety net to keep you from starving or being homeless. Social Security was never designed as the main source of income for retirees but that is what it has become. Many older Americans simply did not prepare adequately. The taking away of pension plans was supposed to usher in the era of the self-directed 401k. One generation later the results are in and Americans are looking into the new retirement plan. The new retirement plan is working forever (in other words, until people can no longer physically hold down a job). This certainly doesn’t coincide with the brochures we see of older Americans galloping across the beach with cocktails in their hands.
Read More @ MyBudget360.com
from MyBudget360.com:
The idea of retirement is a modern one especially when it comes to saving and having a nest egg. In the past, retirement was only a luxury afforded to a small number of wealthy families. The rest of the population was destined to work until they died. That may seem harsh but that is historical fact. After World War II the idea of mass retirement started to take hold. Even Social Security was merely a safety net to keep you from starving or being homeless. Social Security was never designed as the main source of income for retirees but that is what it has become. Many older Americans simply did not prepare adequately. The taking away of pension plans was supposed to usher in the era of the self-directed 401k. One generation later the results are in and Americans are looking into the new retirement plan. The new retirement plan is working forever (in other words, until people can no longer physically hold down a job). This certainly doesn’t coincide with the brochures we see of older Americans galloping across the beach with cocktails in their hands.
Read More @ MyBudget360.com
by Ethan A. Huff, Natural News:
The lawless entity posing as the federal government has issued a new
guideline pertaining to the distribution of funding for disaster and
emergency preparedness that crystallizes the man-made climate change
myth. States that refuse to acknowledge and assess the “long-term
vulnerability” caused by global warming may be refused federal funding
from the Federal Emergency Management Agency (FEMA) for emergency
preparedness, according to new reports.
Under the leadership of the Obama Administration, FEMA is now mandating that states conduct a new type of risk assessment that includes “consideration of changing environmental or climate conditions that may affect and influence the long-term vulnerability from hazards in the state.” Any states that refuse to comply with this mandate face being cut off from the gravy train for preemptive emergency preparedness.
Read More @ NaturalNews.com
The lawless entity posing as the federal government has issued a new
guideline pertaining to the distribution of funding for disaster and
emergency preparedness that crystallizes the man-made climate change
myth. States that refuse to acknowledge and assess the “long-term
vulnerability” caused by global warming may be refused federal funding
from the Federal Emergency Management Agency (FEMA) for emergency
preparedness, according to new reports.Under the leadership of the Obama Administration, FEMA is now mandating that states conduct a new type of risk assessment that includes “consideration of changing environmental or climate conditions that may affect and influence the long-term vulnerability from hazards in the state.” Any states that refuse to comply with this mandate face being cut off from the gravy train for preemptive emergency preparedness.
Read More @ NaturalNews.com
from Paul Craig Roberts:
Washington in its arrogance, seeing itself as “indispensable,” poses a
continuing threat to the lives of hundreds of millions of people. The
extraordinary number of dead that Washington has murdered in the 21st
century–”The American Century”–is dismissed as “collateral damage” in
the “war on terror.”
The war on terror is a hoax. It is a creation of the evil neoconservatives who intend Washington’s world hegemony and Israel’s hegemony from the Nile to the Euphrates. The rest of mankind has realized that Washington’s drive for world hegemony means the entire human race will be dismissed as “collateral damage” as Washington establishes itself as the “exceptional, indispensable country,” the country whose will is above the rule of law and whose morality is non-existent.
Read More @ PaulCraigRoberts.org
Washington in its arrogance, seeing itself as “indispensable,” poses a
continuing threat to the lives of hundreds of millions of people. The
extraordinary number of dead that Washington has murdered in the 21st
century–”The American Century”–is dismissed as “collateral damage” in
the “war on terror.”The war on terror is a hoax. It is a creation of the evil neoconservatives who intend Washington’s world hegemony and Israel’s hegemony from the Nile to the Euphrates. The rest of mankind has realized that Washington’s drive for world hegemony means the entire human race will be dismissed as “collateral damage” as Washington establishes itself as the “exceptional, indispensable country,” the country whose will is above the rule of law and whose morality is non-existent.
Read More @ PaulCraigRoberts.org
by Michael Snyder, The Economic Collapse Blog:
The very same people that caused the last economic crisis have created a 278 TRILLION
dollar derivatives time bomb that could go off at any moment. When
this absolutely colossal bubble does implode, we are going to be faced
with the worst economic crash in the history of the United States.
During the last financial crisis, our politicians promised us that they
would make sure that “too big to fail” would never be a problem again.
Instead, as you will see below, those banks have actually gotten far
larger since then. So now we really can’t afford for
them to fail. The six banks that I am talking about are JPMorgan Chase,
Citibank, Goldman Sachs, Bank of America, Morgan Stanley and Wells
Fargo. When you add up all of their exposure to derivatives, it comes
to a grand total of more than 278 trillion dollars. But when you add up
all of the assets of all six banks combined, it only comes to a grand
total of about 9.8 trillion dollars. In other words, these “too big to
fail” banks have exposure to derivatives that is more than 28 times greater than their total assets.
This is complete and utter insanity, and yet nobody seems too alarmed
about it. For the moment, those banks are still making lots of money
and funding the campaigns of our most prominent politicians. Right now
there is no incentive for them to stop their incredibly reckless
gambling so they are just going to keep on doing it.
Read More…
The very same people that caused the last economic crisis have created a 278 TRILLION
dollar derivatives time bomb that could go off at any moment. When
this absolutely colossal bubble does implode, we are going to be faced
with the worst economic crash in the history of the United States.
During the last financial crisis, our politicians promised us that they
would make sure that “too big to fail” would never be a problem again.
Instead, as you will see below, those banks have actually gotten far
larger since then. So now we really can’t afford for
them to fail. The six banks that I am talking about are JPMorgan Chase,
Citibank, Goldman Sachs, Bank of America, Morgan Stanley and Wells
Fargo. When you add up all of their exposure to derivatives, it comes
to a grand total of more than 278 trillion dollars. But when you add up
all of the assets of all six banks combined, it only comes to a grand
total of about 9.8 trillion dollars. In other words, these “too big to
fail” banks have exposure to derivatives that is more than 28 times greater than their total assets.
This is complete and utter insanity, and yet nobody seems too alarmed
about it. For the moment, those banks are still making lots of money
and funding the campaigns of our most prominent politicians. Right now
there is no incentive for them to stop their incredibly reckless
gambling so they are just going to keep on doing it.Read More…
The Financial Times, citing unsourced “people briefed on the radical
leftist government’s thinking” has made the claim that the Tsipras
government in Athens has “has decided to withhold E2.5 billion of
payments due to the International Monetary Fund in May and June if no
agreement is struck”.The Greek government was quick to deny the claim. “Greece … is not preparing for any debt default and the same goes for its lenders. Negotiations are proceeding swiftly towards a mutually beneficial solution,” read a statement from the Prime Minister’s office.
The Greek government is rapidly exhausting its funding to pay salaries and pensions with no funding from its lenders having been released since July. Another “end of the road” deadline looms – this time the Eurogroup meeting on April 24th.
Read More @ GoldCore.com
There are times in life when we need to know when to step aside and
let others do the talking. This is that time. The Common Sense Show, has
been deluged with communications which detail abnormally high amounts
of troop and equipment movement across the United States in preparation
for Jade Helm 15. Along the same lines, we are hearing from people who
have relatives in Special Operations that very concerned about what is
coming.The following represents a very small cross-section of email notifications from Americans all across the country and they are highly concerned with what they are discovering about Jade Helm.
Read More
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