Nobody Is Prepared For What Is Coming

from TruthNeverTold:

  Battlefield America: The War On The American People

from The News Doctors:
We have entered into a particularly dismal chapter in the American narrative, one that shifts us from a swashbuckling tale of adventure into a bone-chilling horror story.
As I document in my new book Battlefield America: The War on the American People, “we the people” have now come full circle, from being held captive by the British police state to being held captive by the American police state. In between, we have charted a course from revolutionaries fighting for our independence and a free people establishing a new nation to pioneers and explorers, braving the wilderness and expanding into new territories.
Read More @ TheNewsDoctors.com

Richard Russell – China And The Super Wealthy Preparing For Something Big But Silver Will Surprise Everyone

from KingWorldNews:
Richard Russell: “Negative news is coming out about the US economy. The result will be the Fed will put off raising rates to as far as the eye can see. If the economy continues to deteriorate, we might even see QE4 as the Fed struggles to offset a declining US economy. My advice continues to be: buy and accumulate physical silver and gold.
What I look for at this time is not asset appreciation or profits, it’s peace of mind. Gold and silver are at the base of a huge inverted pyramid. When all else is destroyed, the base of the pyramid will stand. Hold on to your silver and gold, and buy more if your finances allow you to.
Richard Russell Continues @ KingWorldNews.com

A New Dark Age: When College Doesn't Pay

Submitted by Tyler Durden on 04/21/2015 - 09:30 Thank You President Comacho/obama...Idiocracy is upon us...

Baker Hughes Cuts 17% Of Workforce As Oil Slump Ripples Through Economy

Submitted by Tyler Durden on 04/21/2015 - 13:05 Baker Hughes has increased the number of jobs it plans to cut from 7,000 to 10,500 and will close 140 facilities worldwide citing a need to "reduce the cost base and resize [the company's] footprint" in the face of challenging market conditions. Meanwhile, JPM reminds Richard Fisher that "the only thing dropping in the Texas economy is the number of jobs."

For the First Time In Many Decades, More Americans Support Gun RIGHTS than Gun Control

from Washington’s Blog:
For most of the 1990s and the subsequent decade, a substantial majority of Americans believed it was more important to control gun ownership than to protect gun owners’ rights. But in December 2014, the balance of opinion flipped: For the first time, more Americans say that protecting gun rights is more important than controlling gun ownership, 52% to 46%.
Most believe gun ownership – not gun control – makes people safer.
Read More @ WashingtonsBlog.com

BofA Is Confusing Liquidity Fueled And Secular Bull Markets

Submitted by Tyler Durden on 04/21/2015 - 12:40 Over the past couple of years, there has been a growing chorus of individuals claiming that the financial markets have finally shaken the shackles of the secular bear market that began at the turn of the century. Bank of America is the latest to jump onto the "new secular bull market" bandwagon; but what they miss is that secular bull markets are not born of price, but rather of a set of fundamental metrics that foster sustained economic growth over long periods of time.

Greece May Sign Russia Gas Deal As Soon As Today

Submitted by Tyler Durden on 04/21/2015 - 12:17 It appears that Herr Schaeuble will be left in the cold disappointed as following comments from the Greek energy minister that a deal is coming "soon,"  it is being reported that:
*RUSSIA MAY SIGN GAS LINK ACCORD W/ GREECE TODAY: ROSSIYA 24
*GREECE MAY GET LOANS USING RUSSIA GAS TRANSIT GUARANTEE: MILLER
According to Gazprom's CEO comments on Greek TV, following his meeting with Greek PM Tsipras, Russia will guarantee 47BCM/YR of gas via Greece with the link to be built by a Russian-European group at a cost of around €2 billion.

You Don’t Represent Me Any More

from Michael Rivero:

Saudi Arabia Orders Its National Guard To Enter Yemen War

Submitted by Tyler Durden on 04/21/2015 - 12:01 Over the better part of the past month, the only entities actively involved in the proxy war in Yemen against the local Houthi rebel force have been air force units, mostly under Saudi command as part of Operation "Decisive Storm." Which probably explains why there has been little if any progress to note in pushing back said rebellion which, armed heavily thanks to the US government, has successfully managed to push the current president into an indefinite exile. That changed hours ago, when Saudi Arabia's King Salman ordered the Saudi Arabian National Guard, widely regarded as the kingdom's best equipped military ground force, to take part in Riyadh's campaign against Iran-allied Houthi rebels in Yemen.

Bill Gross Says Bunds "Short Of A Lifetime", As Mario Draghi Is About To Run Out Of Bunds To Buy

Submitted by Tyler Durden on 04/21/2015 - 10:45 On one hand, Bill Gross says that "German 10yr Bunds = The short of a lifetime." On the other, the ECB is about to run out of bonds to monetize at current prices as the Bund yield slides every lower to the ECB's hard floor of -0.20%. End result: someone will be very hurt...
 

White House Refutes European Complacency: Warns Grexit Threatens Global Economic Recovery

Submitted by Tyler Durden on 04/21/2015 - 10:19 Despite our exposure of the contagious risk increases in peripheral bond spreads, "many European officials believe a Greek exit would be manageable, and in contrast to 2010-2011, we wouldn’t see the same cascading effect on countries like Spain or Ireland,” according to the European Centre for International Political Economy in Brussels and EU Chair Jeroen Djisselbloem even noted that "the Greek situation can be isolated." It appears America is getting nervous at Europe's apparent complacency... White House economic adviser Jason Furman says a Greek exit from the euro zone would present "VERY LARGE AND UNNECESSARY RISK FOR GLOBAL ECONOMY."
 

One Year Ago, These Bonds Were Eight Times Oversubscribed

Submitted by Tyler Durden on 04/21/2015 - 09:56 From 8x over-subscribed to 60c on the dollar in one year: (almost) well played "yield chasers" with other people's money!

Egypt's Clinton-Backed Former President Jailed For 20 years

Submitted by Tyler Durden on 04/21/2015 - 09:15 Deposed former Egyptian President Mohammed Morsi was sentenced to 20 years in prison today in connection with a crackdown on protesters during demonstrations against his rule in late 2012. Morsi assumed the Presidency in 2012 after Hosni Mubarak was toppled a year earlier during the Arab Spring. Morsi's "democracy" lasted all of 4 months before he granted himself special autocratic powers triggering unrest that would eventually lead the military to assume power.
 

European Banks Are Paid To Borrow For First Time Ever As Euribor Goes Negative

Submitted by Tyler Durden on 04/21/2015 - 09:08 Mario Draghi said this week that the transmission channels for European Q€ were opening up and crowed how well his cunning plan was working (by well we assume he means stocks are up). Today we get the ultimate test of that 'transmission' as 3-Month EURIBOR fell below 0.00% for the first time ever (likely wreaking havoc on European derivative pricing models). In English that means banks are being paid to borrow from one another in the interbank money-markets (which sounds a lot like a 'glut' of excess cash) seemingly confirming ICMA's de Vidts fears: "We are scared about the [repo] market freezing," as the ECB is "driving without headlights in the dark." Of course this is yet another disturbing distortion on the heels of homeowners being paid to take out mortgages...
 

Ten Things We're Grateful For (Irony Alert)

Submitted by Tyler Durden on 04/21/2015 - 08:54 Being grateful boosts your happiness. Here are ten sickening wonderful things we're grateful for in the new normal...
 

Following "Soft" Capital Controls, ECB Threatens Greece With ELA Cut Even As 1 Million Workers Go Unpaid For Months

Submitted by Tyler Durden on 04/21/2015 - 08:39 Things for insolvent, cashless Greece are - not unexpectedly - getting worse by the day.
 

First Chinese State-Owned Firm Defaults On Its Bonds

Submitted by Tyler Durden on 04/21/2015 - 07:50 In what may be a harbinger of things to come and in a sign that Beijing will allow the market to play a greater role in determining companies’ financial future, a subsidiary of China South Industries Group has missed a coupon payment, marking the first default by a Chinese state-owned firm.
 

The Medical Cartel: Too Big to Fail, Too Evil to Expose

from The Daily Sheeple:
There are several reasons why the medical cartel is too big to fail: the enormous amount of money at stake; its aim to control populations.
In this article, I want to examine a related reason.
Suppose it was discovered that thousands of bridges around the US were in imminent danger of collapsing? Not because maintenance and repair were lacking, not because the materials used to build them were cheap and shoddy. But because the original designs were inadequate and broke basic rules of engineering.
Read More @ TheDailySheeple.com

Pentagon Makes Stunning Move Against Iran That Could Destroy Obama’s Plan

from Western Journalism:
A number of media outlets, including Fox News, are reporting that tensions in the Middle East have abruptly escalated with word that the aircraft carrier USS Theodore Roosevelt has just been dispatched to the waters off Yemen. According to a developing story on the Fox News website, the warship nicknamed The Big Stick “will join other American ships prepared to intercept any Iranian vessels carrying weapons to the Houthi rebels fighting in Yemen.”
Even as the Obama administration continues to push for a negotiated agreement with Iran that would supposedly restrict the country’s development of nuclear weapons, a potential confrontation with Iran could be on the horizon.
Read More @ WesternJournalism.com

The Most Outrageous Fraud Ever Perpetrated on the Canadian People

from Counter Punch:
“Once a nation parts with the control of its currency and credit, it matters not who makes the nation’s laws. Usury, once in control, will wreck any nation.” —William Lyon Mackenzie King, Prime Minister of Canada, 1935
You know the old aphorism – “If a tree falls in the forest….?” Well, how about this one: if citizens win a significant victory in court against an autocratic government involving the fleecing of Canadians of billions of their hard-earned tax dollars and no one in the media actually covers it, did it really happen?
That might well be the question being asked over at the Committee for Monetary and Economic Reform (COMER) a very small and low-budget think tank.
Read More @ CounterPunch.org
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