Submitted by Tyler Durden on 04/01/2015 - 19:01
Now we can see the real tragedy of negative interest rates: they not only have the perverse effect of reversing the flow of time, but they demonstrate that borrowers are not acting with the good faith incentives normally associated with someone who needs money. Rather than paying forward, borrowers are paying backwards because they are effectively trying to return something they don’t want. Such an arrangement renders it impossible for an economy to grow. By destroying the temporal and moral structure of money, negative interest rates destroy the economy. When tomorrow cannot be paid, the current regime must fail. The only question to be determined is the form that failure will assume. This may sound like philosophy but it is cold, hard reality.
Central Banking Refuted In One Blog - Thanks Ben!
Submitted by Tyler Durden on 04/01/2015 - 13:47 Blogger Ben’s work is already done. In his very first substantive post as a civilian he gave away all the secrets of the monetary temple. The Bernank actually refuted the case for modern central banking in one blog. The truth is the real world of capitalism is far, far too complex and dynamic to be measured and assessed with the exactitude implied by Bernanke’s gobbledygook. In fact, what his purported necessity for choosing a rate “somewhere” actually involves is the age old problem of socialist calculation.A Shocking Admission: "The Federal Reserve Is A Criminal Conspiracy"
Submitted by Tyler Durden on 04/01/2015 - 11:50
"If you’re incompetent, you can’t know you’re incompetent. [...] the skills you need to produce a right answer are exactly the skills you need to recognize what a right answer is."from PressTV News Videos:
Here Is The "Rate Hike Decision" Waterfall Analysis Goldman Gave To The Fed
Submitted by Tyler Durden on 04/01/2015 - 11:25
from McalvanyFinancial:
It's Official: Fed Sees 0.0% GDP Growth In The First Quarter
Submitted by Tyler Durden on 04/01/2015 - 13:22 The Atlanta Fed's GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2015 has been downgraded once again... to 0.0 percent on April 1, down from 2.3 percent on Feb 13th.For First Time In History, California Governor Orders Mandatory Water Cuts Amid "Unprecedented, Dangerous Situation"
Submitted by Tyler Durden on 04/01/2015 - 14:32
For the first time in the state's history, Governor Jerry Brown has directed the State Water Resources Control Board to implement mandatory water reductions across California, in an effort to reduce water usage by 25 percent.
Hillary Clinton Caught In Another Lie
Submitted by Tyler Durden on 04/01/2015 - 12:52 Three weeks ago, when Hillary Clinton was scrambling to come up with a credible lie to explain why she was using a personal server for email distribution - one that was not US government property and thus exempt from official FOIA requests - she said during a press conference at the United Nations that the reason was simple: it was simply a matter of "convenience" of carrying just one device."when I got to work as secretary of State, I opted for convenience to use my personal email account, which was allowed by the State Department, because I thought it would be easier to carry just one device for my work and for my personal emails instead of two." As it turns out she lied. Again.Chinese Retail Investors Open Enough Brokerage Accounts In March For Every Man, Woman, and Child In LA
Submitted by Tyler Durden on 04/01/2015 - 20:40
Inexperienced,
uneducated "investors" piling in by the millions, preposterous margin
debt, and a relentless rally. What could go wrong?
Clintons Unveil Official 2016 Hillary Campaign Button
Submitted by Tyler Durden on 04/01/2015 - 19:30 Not an April Fool?
Grandson Of Oil Tycoon J. Paul Getty Found Dead, "Traumatic Injury To Rectal Area" Alleged Source Of Death
Submitted by Tyler Durden on 04/01/2015 - 19:21 In a story which we initially thought was an early April fool's prank, but subsequently turned out to be all too real, and all too tragic, yesterday afternoon Andrew Rork Getty, the 47-year-old grandson of oil tycoon J. Paul Getty who once was the richest living man in the world and member of the Getty trust, was found dead at his Hollywood Hills home, the latest chapter in a saga involving the Getty family which has seen kidnappings (including a tax-deductible ransom payment), mutilations, drug use and now, allegedly, murder.
The Two Most Important Numbers Of The First Quarter
Submitted by Tyler Durden on 04/01/2015 - 18:00 Now that the Atlanta Fed has determined that the US economy did not grow in the first quarter of the year - because, well, it snowed - even though said snow did not prevent the US from raking up $100 billion in public debt through March 30 (and likely much more, however since the US has again hit its debt ceiling we won't know the real level of US debt until some time in October), we can formally summarize the two most important changes in the US economy in the first three months of the year. Here they are.
Iceland Stuns Banks: Plans To Take Back The Power To Create Money
Submitted by Tyler Durden on 04/01/2015 - 17:00 Who knew that the revolution would start with those radical Icelanders? It does, though. One Frosti Sigurjonsson, a lawmaker from the ruling Progress Party, issued a report today that suggests taking the power to create money away from commercial banks, and hand it to the central bank and, ultimately, Parliament.
Goodbye FICO, Hello FAKE-O: Behold The Banks' Brilliant "Plan" To Lend To Deadbeats
Submitted by Tyler Durden on 04/01/2015 - 16:15 When gaming the old score wasn't sufficient to expand the pool of elligible borrowers, creativity was necessary. The result: an entirely new score is born...'Mysterious' Last-Second Buying-Panic Saves S&P From Red Close For 2015
Submitted by Tyler Durden on 04/01/2015 - 16:10
"Wall Street Chief Economists" Explained For Dummies
Submitted by Tyler Durden on 04/01/2015 - 15:45
5 Truly Crazy Assertions From Jamie Dimon's Barron's Cover Story
Submitted by Tyler Durden on 04/01/2015 - 15:20 Barron’s should have published its gushing cover story on Jamie Dimon’s stewardship of JPMorgan today – as an April Fool’s joke.
The "Mysterious" Source Of Surging Demand For GM Cars, Revealed
Submitted by Tyler Durden on 04/01/2015 - 14:22 With both channel stuffing and subprime out of the window if only for the time being, GM, whose China sales are falling off a cliff, had to come up with some urgent source of end demand. And thanks to recently disclosed data, we now know that "once a Government Motors, always a Government Motors", because just the first quarter of 2015, the average annual increase in sales to Uncle Sam, aka the Government was a whopping 24%, just about 100% higher than GM's headline rate of sales increase!
by Susan Jones, CNS News:
The IRS has eliminated the backlog of applications from groups seeking
nonprofit status, Commissioner John Koskinen told a gathering in
Washington on Tuesday.
But a conservative civil liberties group says “the facts show otherwise.”
The American Center for Law and Justice said two of its clients are still awaiting a determination on their applications for tax-exempt status — and one of those groups (the Albuquerque Tea Party) has been waiting for more than five years. “The IRS continues to target this group and other Americans to this day,” said the ACLJ. At the National Press Club on Tuesday, IRS Commissioner Koskinen suggested that the backlog of applications for non-profit status was the result of volume, not political bias against conservatives before the 2012 election.
Read More @ CNS News.com:
The IRS has eliminated the backlog of applications from groups seeking
nonprofit status, Commissioner John Koskinen told a gathering in
Washington on Tuesday.But a conservative civil liberties group says “the facts show otherwise.”
The American Center for Law and Justice said two of its clients are still awaiting a determination on their applications for tax-exempt status — and one of those groups (the Albuquerque Tea Party) has been waiting for more than five years. “The IRS continues to target this group and other Americans to this day,” said the ACLJ. At the National Press Club on Tuesday, IRS Commissioner Koskinen suggested that the backlog of applications for non-profit status was the result of volume, not political bias against conservatives before the 2012 election.
Read More @ CNS News.com:
by Steve Watson, Infowars:
A viral anti-feminist video which showed men defending themselves
against violent assaults by women was controversially deleted after
YouTube deemed the video to be a form of “hate speech”. Uploaded by a
YouTube user called RedPillPhilosophy, the video received over 1.1
million views and over 9,000 likes on YouTube alone before it was taken
down.
The clip showed numerous instances of women attacking men and men defending themselves in an effort to make the point that feminists don’t truly believe in “gender equality”.
“All the video ever did was document people defending themselves against bullies, aggressors (and) violent people,” commented the uploader, noting that the idea we live in a “patriarchy” is discredited if men defending themselves against violence was considered to be “hate speech”.
Read More @ Infowars.com
/
A viral anti-feminist video which showed men defending themselves
against violent assaults by women was controversially deleted after
YouTube deemed the video to be a form of “hate speech”. Uploaded by a
YouTube user called RedPillPhilosophy, the video received over 1.1
million views and over 9,000 likes on YouTube alone before it was taken
down.The clip showed numerous instances of women attacking men and men defending themselves in an effort to make the point that feminists don’t truly believe in “gender equality”.
“All the video ever did was document people defending themselves against bullies, aggressors (and) violent people,” commented the uploader, noting that the idea we live in a “patriarchy” is discredited if men defending themselves against violence was considered to be “hate speech”.
Read More @ Infowars.com
from International Man:
It ranks at the very top of potential tax nightmares, especially if you invest internationally.
This nightmare could become a reality if you happen to invest in what the IRS deems a Passive Foreign Investment Company (PFIC), which are taxed at exorbitant rates and have highly complex reporting rules. Most foreign mutual funds are PFICs, as are certain foreign stocks.
It’s not illegal to invest in a PFIC, but practically speaking, the costs of doing it are so incredibly onerous that it’s prohibitively expensive in the vast majority of cases.
Read More @ InternationalMan.com
It ranks at the very top of potential tax nightmares, especially if you invest internationally.This nightmare could become a reality if you happen to invest in what the IRS deems a Passive Foreign Investment Company (PFIC), which are taxed at exorbitant rates and have highly complex reporting rules. Most foreign mutual funds are PFICs, as are certain foreign stocks.
It’s not illegal to invest in a PFIC, but practically speaking, the costs of doing it are so incredibly onerous that it’s prohibitively expensive in the vast majority of cases.
Read More @ InternationalMan.com
by Dave Hodges, The Common Sense Show:
Most of us have seen the images as America descends into a new level
of tyranny under the cloud of Jade Helm 15 (JH 15) as the loyal American
states of Texas and Utah are declared to be “hostile” states.
Are you ready for the coming tyrannical crackdown and the complete evisceration of our constitutional liberties? Have you taken the proper precautions that will ensure the safety of you and your family? It is not likely that very many of us have taken any meaningful steps to maximize our chances for survival in what will prove to be humanity’s darkest days. Do you have what it takes to survive in a re-education camp?
Read More
Most of us have seen the images as America descends into a new level
of tyranny under the cloud of Jade Helm 15 (JH 15) as the loyal American
states of Texas and Utah are declared to be “hostile” states.Are you ready for the coming tyrannical crackdown and the complete evisceration of our constitutional liberties? Have you taken the proper precautions that will ensure the safety of you and your family? It is not likely that very many of us have taken any meaningful steps to maximize our chances for survival in what will prove to be humanity’s darkest days. Do you have what it takes to survive in a re-education camp?
Read More
by Melanie Grimes, Natural News:
The city of San Diego, California recently initiated a lawsuit against
Monsanto, home of GMO-produced foods, dangerous chemicals such as
glyphosate and of course, denial.
The lawsuit was filed in federal court claiming that Monsanto is polluting the San Diego Bay. Officials from San Diego allege that chemicals, including polychlorinated biphenyls (PCBs), have been found in both water samples and in the tissues of marine life living in the area. The complaint also alleges that these Monsanto chemicals, some of which were banned over 30 years ago, are still active in the city’s waterways.
About San Diego’s lawsuit against Monsanto: The lawsuit claims that the contamination by Monsanto’s PCBs “affects all San Diegans and visitors who enjoy the Bay, who reasonably would be disturbed by the presence of a hazardous, banned substance in the sediment, water, and wildlife.”
Read More @ NaturalNews.com
The city of San Diego, California recently initiated a lawsuit against
Monsanto, home of GMO-produced foods, dangerous chemicals such as
glyphosate and of course, denial.The lawsuit was filed in federal court claiming that Monsanto is polluting the San Diego Bay. Officials from San Diego allege that chemicals, including polychlorinated biphenyls (PCBs), have been found in both water samples and in the tissues of marine life living in the area. The complaint also alleges that these Monsanto chemicals, some of which were banned over 30 years ago, are still active in the city’s waterways.
About San Diego’s lawsuit against Monsanto: The lawsuit claims that the contamination by Monsanto’s PCBs “affects all San Diegans and visitors who enjoy the Bay, who reasonably would be disturbed by the presence of a hazardous, banned substance in the sediment, water, and wildlife.”
Read More @ NaturalNews.com
from The News Doctors:
George Washington pointed out, “Overgrown military establishments,
which under any form of government, are inauspicious to liberty, and
which are to be regarded as particularly hostile to Republican Liberty.
Wise words by the father of our country, but ones, unfortunately, rejected by modern-day Americans, who love and idolize the enormously overgrown military establishment that now characterizes our federal governmental system.
Eastern Europeans are getting a gander at America’s overgrown military establishment. Yesterday, the New York Times reported that a huge contingent of U.S. military forces is winding its way through Eastern Europe as some sort of good-will tour and also to serve as a message to Russia that the United States is ready to go to war to protect Eastern Europe from Russia’s aggressive designs.
Read More @ TheNewsDoctors.com
George Washington pointed out, “Overgrown military establishments,
which under any form of government, are inauspicious to liberty, and
which are to be regarded as particularly hostile to Republican Liberty.Wise words by the father of our country, but ones, unfortunately, rejected by modern-day Americans, who love and idolize the enormously overgrown military establishment that now characterizes our federal governmental system.
Eastern Europeans are getting a gander at America’s overgrown military establishment. Yesterday, the New York Times reported that a huge contingent of U.S. military forces is winding its way through Eastern Europe as some sort of good-will tour and also to serve as a message to Russia that the United States is ready to go to war to protect Eastern Europe from Russia’s aggressive designs.
Read More @ TheNewsDoctors.com
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