Submitted by Tyler Durden on 04/20/2015 - 19:30
Update: Because the report from AP does not play well with "Everyday Americans", US CentCom is denying: U.S. DENIES REPORT SHIP SENT TO INTERCEPT IRAN VESSEL, SAYS SHIP SENT TO KEEP SHIPPING LANES IN REGION OPEN
The 'proxy' war is escalating very rapidly. As AP reports, Navy officials confirm that the aircraft carrier USS Theodore Roosevelt is headed to Yemeni waters to intercept an Iranian weapons shipments. Just as we warned 10 days ago, the probability of a major escalation over the latest proxy Middle Eastern civil war escalated substantially when Iran parked two warships off the Yemeni coast.
from Sputnik News:
Konstantin Kosachev, Chairman of the Foreign Affairs Committee in the
State Duma, the lower house of Russia’s parliament, says comments made
by the commander of the US army in Europe, Lieutenant General Frederick
“Ben” Hodges, in a recent interview, is an admission that NATO would
never have an equal relationship with Russia.
“The commander of ground forces in Europe, General Frederick Ben Hodges, was very honest in his interview with the Telegraph,” Kosachev wrote on his blog, citing part of the article in which General Hodges said:
Read More @ SputnikNews.com
Konstantin Kosachev, Chairman of the Foreign Affairs Committee in the
State Duma, the lower house of Russia’s parliament, says comments made
by the commander of the US army in Europe, Lieutenant General Frederick
“Ben” Hodges, in a recent interview, is an admission that NATO would
never have an equal relationship with Russia.“The commander of ground forces in Europe, General Frederick Ben Hodges, was very honest in his interview with the Telegraph,” Kosachev wrote on his blog, citing part of the article in which General Hodges said:
Read More @ SputnikNews.com
Stunned Greeks React To Initial Capital Controls And The "Decree To Confiscate Reserves", And They Are Not Happy
Submitted by Tyler Durden on 04/20/2015 - 15:54 Several hours after the Greek government decreed the confiscation of local government reserves, this order has finally percolated among the population, and the response to what even ordinary Greeks realize is now the endgame, is less than exuberant. Bloomberg reports, that "as Greece struggles to find cash to stay afloat, local authorities say they oppose a government decision to use their reserves for short-term financing." “The government’s decision to seize our reserves not only raises legal and constitutional issues, but also a moral one,” said George Papanikolaou, mayor of Glyfada, the third-largest municipality in the metropolitan region of Attica after Athens and Piraeus. “We have a responsibility to serve our citizens."
What’s bothering me is that as things continue to deteriorate
economically, financially and geopolitically, the totally rigged market
action becomes increasingly more frenetic. There is no better example
than today’s ludicrous activity. As you know, global stock markets got
walloped on Friday in the wake of the Chinese trying to deflate what is
becoming an epic bubble in their stock market by changing some shorting
and margin rules. Also, the safe havens gold and silver had a
relatively good day on Friday.Collapsing Stock Markets Would Be Their Worst Nightmare
Well the powers that be, the central bankers, can’t allow any strong deflationary trends to get started, and collapsing stock markets would be among their worst nightmares. Thus, over the weekend the Chinese road to the rescue, not surprisingly after their bloated stock market collapsed on Friday, by announcing some easing moves. This buoyed stock markets around the world today.
John Embry continues @ KingWorldNews.com
from Lisa Haven:
Secretary Of State For Hire: Hillary Clinton Made Millions From Foreign Donors In Exchange For "Favors"
Submitted by Tyler Durden on 04/20/2015 - 20:04 What will be revealed in a new book "Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich,” by Peter Schweizer, is something very sinister: foreign entities made payments to the Clinton Foundation and to Mr. Clinton through high speaking fees expected, and received, favors from Mrs. Clinton’s State Department in return. This means that during her tenure as Secretary of State, Hillary Clinton may or may not have been working in the best interest of the US population; she was, however, certainly working in the best interest of the biggest Clinton Foundation donor du jour. Such as, for example, the country of Ukraine.
by Anthony Gucciardi, Natural Society:
Have you ever seen a post, comment, or reply that absolutely reeked of
behind-the-scenes compensation by corporations like Monsanto? In the
growing age of internet activism, and the expansion of social media as a
tool to spread the word on real issues, paid internet trolling is becoming a new career path.
Now, in case you’re not familiar with what ‘trolling’ really is, I think Wikipedia has a great definition. According to Wikipedia, an internet troll is:
“…a person who sows discord on the Internet by starting arguments or upsetting people, by posting inflammatory, extraneous, or off-topic messages in an online community (such as a newsgroup, forum, chat room, or blog) with the deliberate intent of provoking readers into an emotional response or of otherwise disrupting normal on-topic discussion.“
Read More @ NaturalSociety.com
Have you ever seen a post, comment, or reply that absolutely reeked of
behind-the-scenes compensation by corporations like Monsanto? In the
growing age of internet activism, and the expansion of social media as a
tool to spread the word on real issues, paid internet trolling is becoming a new career path.Now, in case you’re not familiar with what ‘trolling’ really is, I think Wikipedia has a great definition. According to Wikipedia, an internet troll is:
“…a person who sows discord on the Internet by starting arguments or upsetting people, by posting inflammatory, extraneous, or off-topic messages in an online community (such as a newsgroup, forum, chat room, or blog) with the deliberate intent of provoking readers into an emotional response or of otherwise disrupting normal on-topic discussion.“
Read More @ NaturalSociety.com
North Carolina Man's Obituary "Respectfully Asks That You Not Vote For Hillary In 2016"
Submitted by Tyler Durden on 04/20/2015 - 19:15 A Cabarrus County, North Carolina man died last week, but Larry Upright, 81, made one final request in his obituary - written by his family."Also, the family respectfully asks that you do not vote for Hillary Clinton in 2016. R.I.P. Grandaddy."
Judging by the condolences, he is not alone in his request. It seems "everyday Americans" does not include North Carolinans...
by Dave Hodges, The Common Sense Show:
May you live in interesting times says the Chinese proverb. However,
it does not say, may you live in dangerous times. The latter is more
true than the former. The more I learn about Jade Helm, the less I know.
The more I learn, the more frightening the details. Never before in the
“peacetime” American history, has there been a series of military
“exercises” this massive and so clouded in mystery.
It is child’s play to determine that Jade Helm is about extracting dissident leadership and imposing martial law. However, Jade Helm is much more encompassing than these two functions.
Read More
May you live in interesting times says the Chinese proverb. However,
it does not say, may you live in dangerous times. The latter is more
true than the former. The more I learn about Jade Helm, the less I know.
The more I learn, the more frightening the details. Never before in the
“peacetime” American history, has there been a series of military
“exercises” this massive and so clouded in mystery.It is child’s play to determine that Jade Helm is about extracting dissident leadership and imposing martial law. However, Jade Helm is much more encompassing than these two functions.
Read More
Chinese Economic Outlook "Skewed Heavily To The Downside," BNP Says
Submitted by Tyler Durden on 04/20/2015 - 20:55 "The outlook for Chinese demand, in contrast to optimistic forecasts of producers, is skewed heavily to the downside," BNP says, in a new note warning of further deflationary pressures and protracted weakness in iron ore prices. For those who still think a "hard landing" can still be avoided, look no further for evidence to the contrary.
from Sovereign Man:
In October 1925, English mathematician Karl Pearson began publishing a
multipart series of groundbreaking articles in the Annals of Human
Eugenics.
The series was entitled, “The Problem of Alien Immigration into Great Britain, Illustrated by an Examination of Russian and Polish Jewish Children,” and it went on for hundreds of pages over several years.
Pearson’s article focused on “whether the intelligence of the alien Jewish children is closely correlated with their defective physique. . .” and concluded, among many other things, that “Jewish girls have less intelligence than Gentile girls. . .”
Read More @ SovereignMan.com
In October 1925, English mathematician Karl Pearson began publishing a
multipart series of groundbreaking articles in the Annals of Human
Eugenics.The series was entitled, “The Problem of Alien Immigration into Great Britain, Illustrated by an Examination of Russian and Polish Jewish Children,” and it went on for hundreds of pages over several years.
Pearson’s article focused on “whether the intelligence of the alien Jewish children is closely correlated with their defective physique. . .” and concluded, among many other things, that “Jewish girls have less intelligence than Gentile girls. . .”
Read More @ SovereignMan.com
Another Reason To Move Away From California: "Conditions Are Like A Third-World Country"
Submitted by Tyler Durden on 04/20/2015 - 20:30 All over the southwest United States, we are seeing conditions that we have not witnessed since the days of the Dust Bowl in the 1930s. If anyone actually needed another reason to move out of the crazy state of California, now it is being reported that conditions in some areas of the state “are like a third-world country” due to the multi-year megadrought that has hit the state. Millions of Californians have fled the state in recent years, and this water crisis could soon spark the greatest migration out of the state that we have ever seen.
The Crowning Glory Of Keynesianism
Submitted by Tyler Durden on 04/20/2015 - 19:40 Many have forecast the creation of a new monetary system by which governments and banks gain total control over all monetary transactions. On the surface of it, this may seem an impossible goal, as it would be so all-encompassing and would eliminate economic freedom entirely. Surely, it would not be tolerated. However, we believe that it’s not only relatively easy to create, but it will be sold in such a way that the public will see it as an absolute panacea to their economic woes. Only those who are far-sighted will understand its level of destruction in advance of its implementation.
Steen Jakobsen: Get Ready For The Biggest Margin Call In History
Submitted by Tyler Durden on 04/20/2015 - 18:50 Economist Steen Jakobsen, Chief Investment Officer of Saxo Bank, believes 2015 will be another "lost year" for the economy. And he predicts the Federal Reserve will indeed start to raise rates later this year, surprising the market and taking the wind of out asset prices. He recommends building cash and waiting to see how the coming storm - which he calls the "greatest margin call in history" - plays out...
Bank Of England Exposes US Cronyism: Questions Why Buffett's Berkshire Hathaway Is Not Too Big To Fail
Submitted by Tyler Durden on 04/20/2015 - 18:00 If you thought currency-wars were a problem, just wait until crony-wars begin. In a stunning show of disagreement among the omnipotent, The FT reports that a Freedom of Information Act request has confirmed The Bank of England wrote to US authorities seeking clarity about Berkshire’s absence from a provisional list of "systemically import" (Too Big To Fail) financial institutions (SIFIs). The US Treasury declined to comment...
from Armstrong Economics:
The entire theory of how to manage an economy via the rise and fall of the money supply being the sole cause of inflation or deflation, was really discredited post-1971 with the birth of the Floating Exchange Rate System. Unbeknownst to the vast majority, the entire accounting system of trade had been constructed upon the Bretton Woods system. There was no need to actually count the number of Toyota cars coming in at the dock, for all you had to do was count the dollars in and out and that under a fixed exchange rate mean more or less goods. This short-cut made sense with fixed exchange rates, but not when currency fluctuated.
The 1970s produced rising prices (inflation) but declining economic growth, which became known as STAGFLATION. This was a cost-push type inflation whereas OPEC sent oil prices soaring so the costs rose dramatically forcing prices to rise even in recession. Therefore, it became possible for inflation to now rise without an increase in money supply or even consumer demand. The consumer post-1976 responded by purchasing goods now to save money tomorrow much as the consumer rise in spend in Tokyo ahead of the implementation of taxes. Likewise, real estate sales will typically rise when the consumer begins to see mortgages rates rising, not falling. The consumer responds to the trend in motion.
Read More @ ArmstrongEconomics.org
The entire theory of how to manage an economy via the rise and fall of the money supply being the sole cause of inflation or deflation, was really discredited post-1971 with the birth of the Floating Exchange Rate System. Unbeknownst to the vast majority, the entire accounting system of trade had been constructed upon the Bretton Woods system. There was no need to actually count the number of Toyota cars coming in at the dock, for all you had to do was count the dollars in and out and that under a fixed exchange rate mean more or less goods. This short-cut made sense with fixed exchange rates, but not when currency fluctuated.
The 1970s produced rising prices (inflation) but declining economic growth, which became known as STAGFLATION. This was a cost-push type inflation whereas OPEC sent oil prices soaring so the costs rose dramatically forcing prices to rise even in recession. Therefore, it became possible for inflation to now rise without an increase in money supply or even consumer demand. The consumer post-1976 responded by purchasing goods now to save money tomorrow much as the consumer rise in spend in Tokyo ahead of the implementation of taxes. Likewise, real estate sales will typically rise when the consumer begins to see mortgages rates rising, not falling. The consumer responds to the trend in motion.
Read More @ ArmstrongEconomics.org
David Einhorn Is "Adding More Shorts", Has A Question For Mario Draghi
Submitted by Tyler Durden on 04/20/2015 - 17:37 "At the bottom of the cycle, firms cut labor faster than output. The higher productivity led to improving margins, earnings and stock prices. Now labor is being added faster than output, and with large companies like McDonalds, Walmart and Target announcing pay increases, unit labor costs are likely to increase further. All told, there is a good chance earnings will actually shrink this year. We think the market is too high if earnings have, in fact, peaked for the cycle, and we have reduced our net exposure by adding more shorts."- David Einhorn
Which Nation Is Bob Pisani Talking About?
Submitted by Tyler Durden on 04/20/2015 - 16:52 Listen to the following 15 second clip of Bob Pisani explaining what the important thing is... and decide which centrally-planned, micro-managed economy's omnipotence he is questioning...
IBM Reports Worst Sales Since 2002; EPS Beats On Aggressive Buybacks, Cut In Tax Rate
Submitted by Tyler Durden on 04/20/2015 - 16:38 IBM numbers in a nutshell: Revenue dropped by 11.9% to $19.6 billion; Net Income dropped by 2.4% to $2.3 billion...And yet... GAAP EPS rose by 2.6% to $2.36!
Here's the accounting magic behind this "beat"
Stop The Presses: Nobel-Prize Winning Economist Slams QE
Submitted by Tyler Durden on 04/20/2015 - 15:29 "An alternate, more sophisticated approach to explaining why QE may not work to stimulate aggregate consumption is, perhaps, because the demographic mix of the U.S. (and most parts of the developed world) has shifted toward older people. Unlike 30 or 40 years ago, the enormous baby boomer generation, and even retirees, are much wealthier (including human capital) than in the past, and they are wealthier than current generations earlier in their life cycle. So the wealth effect does not lead to an increase in consumption and, potentially, has the opposite outcome."- Robert Merton
Monsanto Furious At World Health Organization For Claiming Weedkiller Causes Cancer
Submitted by Tyler Durden on 04/20/2015 - 13:56 Following Monsanto lobbyist comments recently that he's "not stupid" enough to drink the weedkiller that he also proclaimed was safe enough that "you can drink a whole quart of it and it won’t hurt you;" Reuters reports that the maker of the world's most widely used herbicide, Roundup, wants an international health organization to retract a report linking the chief ingredient in the weedkiller to cancer. The company said on Tuesday that a report, issued on Friday by the WHO, was biased: "The WHO has something to explain." However, as one scientist noted, "there are a number of independent, published manuscripts that clearly indicate that glyphosate...can promote cancer and tumor growth."
Another day, another completely expected gold and silver Comex smackdown!While we stacking warriors have done some of our best fighting during these past few months/years, some of our critics have only grown louder on days like today. That’s ok. Let them preen and squawk all they want to. It makes no difference to me. After all, there is so much going on behind the scenes, which continues to point to silver being the place to be, that the evidence is overwhelming at this stage..
Case in point, last week, you’ll remember that I mentioned over 11 million ounces of silver moved either in or out of the Comex system, within just 5 business days. A record, to be sure, but there’s more to the story than just the mere tonnage of silver that was transferred.
Read More…
by Heather Callaghan, Activist Post:
By now readers to this site have seen some outrageous indoctrination
assignments springing forth from public schools. Yet wonders never cease
when dissecting the exact mechanism of influencing young,
impressionable and trusting minds. It cannot be by accident.
Over the weekend, a reader sent us an actual homework assignment from an unspecified elementary grade (below). It’s titled “Medicine” and coerces the young mind to believe that vaccines (and prescription drugs) are the main route to overall health, if not the only route. That without them, there would be a gaping lack of health – a vaccine deficiency?
Sadly, this is not for Health Class! Like so many other assignments we’ve seen, this is for a staple class (the three Rs) but produces propaganda about an unrelated topic. We’ve seen this happen for math classes in story problems. In the upper right corner is the word “comprehension” indicating that this is from Reading class. The sheet is copyrighted 1995.
Read More @ ActivistPost.com
By now readers to this site have seen some outrageous indoctrination
assignments springing forth from public schools. Yet wonders never cease
when dissecting the exact mechanism of influencing young,
impressionable and trusting minds. It cannot be by accident.Over the weekend, a reader sent us an actual homework assignment from an unspecified elementary grade (below). It’s titled “Medicine” and coerces the young mind to believe that vaccines (and prescription drugs) are the main route to overall health, if not the only route. That without them, there would be a gaping lack of health – a vaccine deficiency?
Sadly, this is not for Health Class! Like so many other assignments we’ve seen, this is for a staple class (the three Rs) but produces propaganda about an unrelated topic. We’ve seen this happen for math classes in story problems. In the upper right corner is the word “comprehension” indicating that this is from Reading class. The sheet is copyrighted 1995.
Read More @ ActivistPost.com
by Jim Rickards, Daily Reckoning.com:
“Nobody really understands gold prices, and I don’t pretend to understand them either.” – Ben Bernanke
These quotes illustrate the perennial challenge that investors face in deciding what role gold should play in their portfolios. Few understand how to value gold, and even fewer understand that gold is not really an investment — it is money. Of course, if you want a portfolio that preserves wealth, money is a good place to start.
Saying gold is not an investment may seem strange, especially since I recommend some gold in an investor’s portfolio. To illustrate this point, you can reach into your purse or wallet and pull out a dollar bill. You think of the dollar as “money,” but you do not think of it as an investment.
Read More @ DailyReckoning.com
“Nobody really understands gold prices, and I don’t pretend to understand them either.” – Ben BernankeThese quotes illustrate the perennial challenge that investors face in deciding what role gold should play in their portfolios. Few understand how to value gold, and even fewer understand that gold is not really an investment — it is money. Of course, if you want a portfolio that preserves wealth, money is a good place to start.
Saying gold is not an investment may seem strange, especially since I recommend some gold in an investor’s portfolio. To illustrate this point, you can reach into your purse or wallet and pull out a dollar bill. You think of the dollar as “money,” but you do not think of it as an investment.
Read More @ DailyReckoning.com
Should you be stocking up on gold bullion now or waiting to see if the
price correction ever reaches the miraculous 50 per cent expected by the
chartists? As ever there are no sure answers but the risk-reward ratio
is stacked in favor of buying bullion now and riding out any further
correction, if it actually happens.Generals are forever fighting the last war, and so it is in financial markets. Recent memory focuses on the 2008-9 crash. Then gold went down with all ships. However, as a precedent this is weak as gold has done much better in many past financial crises and so the next one could very easily be different.
Read More @ ArabianMoney.com
from Off Grid Survival:
When it comes to preparedness, I’m a big proponent of studying and intensely training in the art of self-defense. In fact, I believe it’s such an important part of the preparedness puzzle that I devoted an entire section of my book, The Ultimate Situational Survival Guide: Self-Reliance Strategies for a Dangerous World, to the topic of self-defense and criminal behavior.
It can happen anywhere…
People often let their guard down when traveling in familiar areas; many live with an “it can never happen here” attitude.
Read More @ OffGridSurvival.com
from Casey Research:
When it comes to preparedness, I’m a big proponent of studying and intensely training in the art of self-defense. In fact, I believe it’s such an important part of the preparedness puzzle that I devoted an entire section of my book, The Ultimate Situational Survival Guide: Self-Reliance Strategies for a Dangerous World, to the topic of self-defense and criminal behavior.
It can happen anywhere…
People often let their guard down when traveling in familiar areas; many live with an “it can never happen here” attitude.
Read More @ OffGridSurvival.com
from Casey Research:
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