from KingWorldNews:
Richard Russell:
“Subscribers may remember that I thought the stock market would have a
melt-up before it settled into a destructive bear market. It occurs to
me that the chances of a melt-up are diminishing because the market is
losing its upside momentum.
My thinking is that the market is preparing for one of the worst bear markets in history, one that will out do the 1929-32 affair. My old friend, Robert Prechter, of Elliot Wave fame, believes the Dow will go below 400. If this happens I think there will be doubts about whether the US can survive.
Richard Russell Continues @ KingWorldNews.com
Richard Russell:
“Subscribers may remember that I thought the stock market would have a
melt-up before it settled into a destructive bear market. It occurs to
me that the chances of a melt-up are diminishing because the market is
losing its upside momentum.My thinking is that the market is preparing for one of the worst bear markets in history, one that will out do the 1929-32 affair. My old friend, Robert Prechter, of Elliot Wave fame, believes the Dow will go below 400. If this happens I think there will be doubts about whether the US can survive.
Richard Russell Continues @ KingWorldNews.com
Gold & Silver Surge As Schizophrenic Stocks Slump-And-Pump
Submitted by Tyler Durden on 04/28/2015 - 16:15
The Baltimore Riots: The Stunning Comments By Orioles Owner's Son
Submitted by Tyler Durden on 04/28/2015 - 14:12 "...my greater source of personal concern, outrage... is focused upon an American political elite that have shipped middle class and working class jobs away from Baltimore and cities and towns around the US... plunged tens of millions of good hard-working Americans into economic devastation... in order to control an unfairly impoverished population living under an ever-declining standard of living and suffering at the butt end of an ever-more militarized and aggressive surveillance state."Baltimore "Purge" Continues: Fights Erupt, Pepper Spray Unleashed Ahead Of Curfew - Live Feed
Submitted by Tyler Durden on 04/28/2015 - 14:57
As Paul Craig Roberts has recently reported, the US government is in the process of launching an all-out war on truth. Those who express views contrary to the party line out of Washington will be labeled a threat. Eventually they may find themselves carted to one of the concentration camps which Halliberton (Dick Cheney’s old company) has constructed for $385 million. But that may take a while. In the meantime, we can expect lots of other, less dramatic developments. Indeed, some of these are already happening. Here they are, listed in order of severity.
1. Self-censorship. Those who have previously tried to get the truth out no matter what become more reticent and prone to equivocation when reporting on “hot” issues.
Read More @ TheBurningPlatform.com
Clinton Transparency Explained (In 1 Cartoon)
Submitted by Tyler Durden on 04/28/2015 - 15:50 Presented with no comment...ActionAlertPLUS!
Submitted by Tyler Durden on 04/28/2015 - 16:02 "Twitter has likely the greatest array of company-specific catalysts of any company in its sphere this year, including Periscope, core monthly active user (MAU) acceleration from the Google partnership, and new core features like embedded video.... building out the "tail" should allow Twitter to grow well-above average over the next several years. With a global ad load between 1% to 2% and 85% from mobile, we think TWTR has more revenue runway than any other company in the Internet space. Our target is $55."Twitter Confirms Leak: Stocks Plummets On Disastrous Results, Outlook Cut
Submitted by Tyler Durden on 04/28/2015 - 15:38 Well, the leak (which ironically came out on Twitter only, and not Facebook) was right, and the full story is even worse than Selerity reported:TWITTER 1Q LOSS PER SHARE 25C; TWITTER INC 1Q ADJ. EPS 7C , EST. 4C.That much we knew. Here is where it gets worse:
- TWITTER 1Q REV. $ 435.9M, EST. $456.2M
- TWITTER SEES 2Q REV. $470M TO $485M, EST. $538.1M
- TWTR SEES YR REV $2.170B-$2.270B, SAW $2.3B-$2.35B, EST $2.37B
How BofA's Depositors Funded The Bank's "Fugazi P&L"
Submitted by Tyler Durden on 04/28/2015 - 15:30 When we first exposed in February how yet another bank - Bank of America - has been quietly preserving the post Glass-Steagall world in which cash depositing taxpayers are on the hook for a bank's stupidity, some shrugged it off and looked to stress test to solve all the problems. However, it appears - for once - the SEC is not willing to just ignore the bank's actions. Just as JPMorgan's CIO Office, aka the London Whale, took advantage of fungible, taxpayer-insured funding in the form of excess US deposits over loans, to corner the US credit market (in what was clearly a directional prop trade); so, as WSJ reports, The SEC is investigating whether BofA broke rules designed to safeguard client accounts, potentially putting retail-brokerage funds at risk in order to generate more profits using large complex trades.
For-Profit College Closures: The Next Billion Dollar Taxpayer Bailout?
Submitted by Tyler Durden on 04/28/2015 - 15:10 The sudden closure of Corinthian Colleges' remaining campuses has displaced some 16,000 students. If all of their student debt is canceled — which is possible — it will cost taxpayers more than $200 million. With the government cracking down on the for-profit education space and with nearly 90% of students at for profit-colleges dependent on loans, the demise of the for-profit model could end up costing taxpayers quite a pretty penny.
Japan Proves Monetary Policy Is Nothing But Destructive
Submitted by Tyler Durden on 04/28/2015 - 14:40 Thus, the mistaken conceit of monetarism is on full display, especially in Japan, as they boil down their efforts to substitute financial wealth for true wealth as if they could simply conjure industrious creation from nothing. And Japan is proving useful as the full and complete refutation of every facet of such a notion, even if the mainstream resists so far confessing it.
Furious Baltimore Mom Offers Hope, Restores Faith In Humanity
Submitted by Tyler Durden on 04/28/2015 - 14:20 It was all too easy to see the devastation unleashed on Baltimore last night as angry protesters showed their disgust at the police by burning, breaking, and looting their city; and give up hope for America's future. But there was a bright spot... a sign that people really do know right from wrong...
WTF Chart Of The Day: Over 4 Million New Chinese Trading Accounts Opened Last Week
Submitted by Tyler Durden on 04/28/2015 - 13:07 It appears the banana-stand guy has more than a few friends...The warnings signs of a coming collapse of the global financial system are starting to appear everywhere. From currency machinations in the United State and Europe to government exercises and simulations preparing the military and law enforcement for widespread civil unrest, it seems that those those in the upper echelons of the global power structure know that it is only a matter of time.
Though the exact path to the next financial crisis is still unclear, there are a host of possible trigger events that could send the system into a tailspin in rapid fashion. The Dollar Vigilante Jeff Berwick, one of the most well known contrarian financial analysts in the world, suggests that the reckoning may come in the Fall of 2015. Berwick doesn’t make forecasts such as this lightly, but as he notes, there are a lot of crazy things going on and it’s just amazing to see all of these things being put into place.
Read More @ SHTFPlan.com
from The Daily Sheeple:
The FBI recently admitted that “nearly every examiner in an elite FBI
forensic unit gave flawed testimony in almost all trials in which they
offered evidence against criminal defendants over more than a two-decade
period before 2000.” One of the most egregious cases to come to light
thus far is the case of Santae Tribble, who served 28 years in prison
after hair analysts couldn’t tell dog hair apart from human hair.
The case went to trial in Washington D.C. in 1978. Tribble, then 17, stood accused of robbing and murdering a cab driver in front of his home. Tribble asserted throughout the trial he was not guilty, and in spite of the testimony of friends vouching for his innocence, he was found guilty after only 40 minutes of jury deliberation. He was convicted because two expert hair analysts testified that one strand of hair found near the scene of the crime matched Tribble’s.
Read More @ TheDailySheeple.com
The FBI recently admitted that “nearly every examiner in an elite FBI
forensic unit gave flawed testimony in almost all trials in which they
offered evidence against criminal defendants over more than a two-decade
period before 2000.” One of the most egregious cases to come to light
thus far is the case of Santae Tribble, who served 28 years in prison
after hair analysts couldn’t tell dog hair apart from human hair.The case went to trial in Washington D.C. in 1978. Tribble, then 17, stood accused of robbing and murdering a cab driver in front of his home. Tribble asserted throughout the trial he was not guilty, and in spite of the testimony of friends vouching for his innocence, he was found guilty after only 40 minutes of jury deliberation. He was convicted because two expert hair analysts testified that one strand of hair found near the scene of the crime matched Tribble’s.
Read More @ TheDailySheeple.com
from The News Doctors:
On Hardball with Chris Matthews, a U.S. mainstream media program
interviewed President Barack Obama and was asked about Russia’s decision
on lifting a ban on the sale of S-300 air-defense missile systems to
Iran. According to the Jerusalem Post, Obama said “Our
defense budget is somewhere just a little under $600 billion. Theirs is a
little over $17 billion. Even if they’ve got some air defense systems,
if we had to, we could penetrate them.” Obama declares that the
U.S. military would penetrate Iran’s defenses while ignoring the fact
that the Iranian forces would respond decisively to such an attack. The
U.S. military would not be alone in its crusade against Iran. Israel and
Saudi Arabia would also join their suicide mission. Let’s talk about
facts concerning Iran and how it would defend its territory from an
invading force.
Read More @ TheNewsDoctors.com
On Hardball with Chris Matthews, a U.S. mainstream media program
interviewed President Barack Obama and was asked about Russia’s decision
on lifting a ban on the sale of S-300 air-defense missile systems to
Iran. According to the Jerusalem Post, Obama said “Our
defense budget is somewhere just a little under $600 billion. Theirs is a
little over $17 billion. Even if they’ve got some air defense systems,
if we had to, we could penetrate them.” Obama declares that the
U.S. military would penetrate Iran’s defenses while ignoring the fact
that the Iranian forces would respond decisively to such an attack. The
U.S. military would not be alone in its crusade against Iran. Israel and
Saudi Arabia would also join their suicide mission. Let’s talk about
facts concerning Iran and how it would defend its territory from an
invading force. Read More @ TheNewsDoctors.com
by Michael Snyder, The Economic Collapse Blog:
The city of Baltimore has been transformed into an “absolute war zone“,
and the governor of Maryland has declared a state of emergency as the
rioting in “Charm City” continues to escalate. The funeral for Freddie
Gray has unleashed a firestorm of violence, and none of it is going to
do anyone any good. To their credit, some of the leaders of the
African-American community are standing up and loudly condemning the
violence. They know that smashing cars, throwing rocks at police and
looting stores is not going to solve anything. But just like we saw in
Ferguson, there are lots of people out there that are ready to riot,
loot and set things on fire at the drop of a hat – all they need is an
opportunity. The social decay that has been eating away at the
foundations of our society for generations is now manifesting in some
very ugly ways. We have raised an entire generation of young people in a
“value free” environment, and now we are getting to experience some of
the consequences of our foolishness. And what we are witnessing in
Baltimore right now is just the start. Eventually, we are going to see
scenes like this all over the nation.
Read More…
The city of Baltimore has been transformed into an “absolute war zone“,
and the governor of Maryland has declared a state of emergency as the
rioting in “Charm City” continues to escalate. The funeral for Freddie
Gray has unleashed a firestorm of violence, and none of it is going to
do anyone any good. To their credit, some of the leaders of the
African-American community are standing up and loudly condemning the
violence. They know that smashing cars, throwing rocks at police and
looting stores is not going to solve anything. But just like we saw in
Ferguson, there are lots of people out there that are ready to riot,
loot and set things on fire at the drop of a hat – all they need is an
opportunity. The social decay that has been eating away at the
foundations of our society for generations is now manifesting in some
very ugly ways. We have raised an entire generation of young people in a
“value free” environment, and now we are getting to experience some of
the consequences of our foolishness. And what we are witnessing in
Baltimore right now is just the start. Eventually, we are going to see
scenes like this all over the nation.Read More…
from Zero Hedge:
Update 2: Curiously, while we were confident Iran would deny the report first, it was in fact the US: US NAVY DENIES CONFRONTATION WITH IRANIAN MILITARY: CNBC
Update: WHITE HOUSE REFERS COMMENT ON IRAN SHIP CAPTURE TO DEFENSE DEPT
Moments ago according to Saudi-owned Arabiya news, Iranian forces have seized a US cargo ship, which has some 34 American sailors, which they have taken to the port of Bandar Abbas. Iran’s Farsnews confirms the Arabiya report, stating that “a US cargo ship with 34 crew was stopped and seized by Iranian Navy warships on Tuesday. The Iranian Navy has confiscated the American trade vessel with all its 34 crew for trespassing on Iran’s territorial waters in the Persian Gulf.
Read More @ ZeroHedge.com
Update 2: Curiously, while we were confident Iran would deny the report first, it was in fact the US: US NAVY DENIES CONFRONTATION WITH IRANIAN MILITARY: CNBCUpdate: WHITE HOUSE REFERS COMMENT ON IRAN SHIP CAPTURE TO DEFENSE DEPT
Moments ago according to Saudi-owned Arabiya news, Iranian forces have seized a US cargo ship, which has some 34 American sailors, which they have taken to the port of Bandar Abbas. Iran’s Farsnews confirms the Arabiya report, stating that “a US cargo ship with 34 crew was stopped and seized by Iranian Navy warships on Tuesday. The Iranian Navy has confiscated the American trade vessel with all its 34 crew for trespassing on Iran’s territorial waters in the Persian Gulf.
Read More @ ZeroHedge.com
from WBalTV:
WBAL-TV 11 News reporter David Collins reported at 10:50 p.m. that National Guard trucks were seen leaving Camp Fretterd.
“I did not make this decision lightly. The National Guard represents a last resort in order to restore order. People have the right to protest and express their frustration, but Baltimore City families deserve peace and safety in their communities, and these acts of violence and destruction of property cannot and will not be tolerated,” Hogan said.
Read More @ WBalTV.com
WBAL-TV 11 News reporter David Collins reported at 10:50 p.m. that National Guard trucks were seen leaving Camp Fretterd.“I did not make this decision lightly. The National Guard represents a last resort in order to restore order. People have the right to protest and express their frustration, but Baltimore City families deserve peace and safety in their communities, and these acts of violence and destruction of property cannot and will not be tolerated,” Hogan said.
Read More @ WBalTV.com
from ZenGardner:
You can choose to ignore reality, but you can’t ignore the
consequences of ignoring reality. Most of us rely heavily on the media
for information, not realizing that 90 percent of it is controlled by a
mere six media giants.
Sharyl Attkisson, a five-time Emmy Award winning investigative journalist whose television career spans more than three decades is one of my personal heroes. She was the reporter who, in 2009, blew the lid off the swine flu media hype, showing the hysteria was completely unfounded and manufactured.
Read More @ ZenGardner.com
You can choose to ignore reality, but you can’t ignore the
consequences of ignoring reality. Most of us rely heavily on the media
for information, not realizing that 90 percent of it is controlled by a
mere six media giants.Sharyl Attkisson, a five-time Emmy Award winning investigative journalist whose television career spans more than three decades is one of my personal heroes. She was the reporter who, in 2009, blew the lid off the swine flu media hype, showing the hysteria was completely unfounded and manufactured.
Read More @ ZenGardner.com
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