"What happened in each of those episodes was a short-run break in the system, collapse of confidence and flight to gold. What I think we are facing now is a terminal phase of a monetary system that isn’t viable, stable or sustainable. Therefore gold has but one characteristic - massive upside in the years ahead."
The Last Two Times This Happened, Stocks Crashed
Submitted by Tyler Durden on 05/18/2015 - 15:54 According to Tobin's Q, which compares stock prices to the replacement value of companies' underlying assets, equity markets have become detached from reality to a degree only witnessed on two occasions in history: the tech bubble and 1929.
Investors Are Trapped In A "Twilight Zone", BofAML Warns Of Looming C.R.A.S.H. Risks
Submitted by Tyler Durden on 05/18/2015 - 12:52 Episodes of “corrections” are apparently happening more frequently according to BofAML's credit strategist Barnaby Martin and given the extremities of liquidity, profits, technological disruption, regulation, and income inequality, BofAML warns 'gently' that the potential for a cleansing drop in asset prices cannot be dismissed. Most likely catalysts: Consumer, Rates, A-shares, Speculation, High Yield. "We advise selling risk into strength, buying volatility into weakness, advocate higher than normal levels of cash and would add some gold."Writer & researcher Bil Holter joins me to discuss the latest as we document the collapse. Over just the past week, Bill explains, “all hell has been breaking lose” in the global credit markets.
Bill wants readers of SGT Report to understand that “the stock market(s) are merely a side show to the grand Big Top circus of the credit markets because the credit (bond) markets are so much larger than the equity markets.” And Bill says when the credit markets implode – EVERYTHING will implode.
So how will it all end? Bill explains, “This is going to be an overnight or over the weekend type of event where you have what you have on a Friday and you wake up on a Monday morning and you can’t trade anything and you’re locked in to your position. So it’s absolutely imperative that you have what you WANT to have, because you won’t have a chance to change it” And Bill asks, “Do realize that gold and silver are THE only monies out there that are not “credit based” or derive their values via the credit markets … markets which will ultimately will be closed?”
The choice is yours, paper brokerage account statements and ones and zeros on a computer screen, or real physical wealth. The time to make your decision is running out.
from Armstrong Economics:
Europe is moving full speed ahead to eliminate all cash. Instead of
reforming and tackling the economic problems, government always seeks to
maintain the same course of thinking that now leads us to the
totalitarian approach coming from Brussels. To maintain the euro, they
must maintain the banks. However, the bank reserves are debts of all
member states. As government becomes insolvent as in Greece, the banking
system is undermined. The only way to prevent the banking collapse is
to prevent people from withdrawing cash. Hence, we see this trend is
surfacing in all the mainstream press to get the people ready for what
is coming after 2015.75 – the elimination of cash. We are even starting
to see this advocated in parts of Germany.
We will not be able to buy or sell anything without government
approval. That is where we are going, and it may be the major event that
erupts after 2015.75.
Read More @ ArmstrongEconomics.org
Europe is moving full speed ahead to eliminate all cash. Instead of
reforming and tackling the economic problems, government always seeks to
maintain the same course of thinking that now leads us to the
totalitarian approach coming from Brussels. To maintain the euro, they
must maintain the banks. However, the bank reserves are debts of all
member states. As government becomes insolvent as in Greece, the banking
system is undermined. The only way to prevent the banking collapse is
to prevent people from withdrawing cash. Hence, we see this trend is
surfacing in all the mainstream press to get the people ready for what
is coming after 2015.75 – the elimination of cash. We are even starting
to see this advocated in parts of Germany.
We will not be able to buy or sell anything without government
approval. That is where we are going, and it may be the major event that
erupts after 2015.75.Read More @ ArmstrongEconomics.org
Gold Jumps Despite Stronger Dollar As Grexit Gets Ever Nearer, Futures Flat
With equities having long ago stopped reflecting fundamentals, and certainly the Eurozone's ever more dire newsflow where any day could be Greece's last in the doomed monetary union, it was up to gold to reflect that headlines out of Athens are going from bad to worse, with Bloomberg reporting that not only are Greek banks running low on collateral, both for ELA and any other purposes, that Greece would have no choice but to leave the Euro upon a default and that, as reported previously, Greece would not have made its May 12 payment had it not been for using the IMF's own reserves as a source of funding and that the IMF now sees June 5 as Greece's ever more fluid D-day. As a result gold jumped above $1230 overnight, a level last seen in February even as the Dollar index was higher by 0.5% at last check thanks to a drop in the EUR and the JPY.Carl Icahn Would Like Tim Cook To Buyback Some More Of His AAPL Shares
Here are the cliff notes of the Icahn letter:- Uncle Carl and his two analysts remain convinced they know how to run AAPL better than its CEO and his thousands of employees.
- Uncle Carl and his two analysts have built up a massive stake in AAPL shares which however they can't get out of in this illiquid market without tipping the market they are selling - a tip which would promptly send the stock plunging - and as a result have come to the only buyer who is big enough to buy all of Icahn's shares without destabilizing the market: the company itself.
30Y Treasury Yield Surges Back Above 3.00%, Bunds Flat
Submitted by Tyler Durden on 05/18/2015 - 10:55 After some relief Friday, US treasuries are selling off once again this morning (but not being driven by Bund weakness). Yields are up 5-9bps across the complex with 30Y back over 3.00% again..Goldman Can Now Predict The Price Of Oil In 2020
Submitted by Tyler Durden on 05/18/2015 - 09:57
More Buffett Hypocrisy: "Eco-friendly" Billionaire Seeks to "Squash" Nevada Rooftop Solar
Submitted by Tyler Durden on 05/18/2015 - 12:01 "Warren Buffett highlights how his Berkshire Hathaway Inc. utilities make massive investments in renewable energy. Meanwhile, in Nevada, the company is fighting a plan that would encourage more residents to use green power," Bloomberg reports, in the latest example of the world's ultra-rich not practicing what they preach.
Shape Of Greek Endgame Emerges: IMF Discussed "Cyprus-Like" Plan After Tsipras Warned Of Looming Default
The IMF discussed a "Cyrpus-like" take it or leave it solution for Greece last week, FT reports. With the countdown to outright insolvency down to two weeks, PM Tsipras will meet EU leaders in Latvia on Thursday to make one last push for a last minute deal. Meanwhile, the fate of the Greek banking sector hangs in the balance as the ECB has come under fire for the monetary financing of the Greek government.
EURUSD & Peripheral Bonds Tumble As Greek Fears Re-Emerge
The exuberant bounce of last week's IMF default/IMF payment workaround is fading fast as peripheral European bonds and the euro are being sold aggressively this morning, after headlines continue to suggest Greek bank collateral is dropping faster than the pressure in Patriot's footballs. Most notably, bunds are eeerily stable - almost as if some central planner figured out German bonds were the world's flashing red indicator and decided to suppress volatility some more.
Gold Hits 3-Month Highs Amid "Frenetic Liquidity"
Gold topped $1230 this morning - breaking to 3-month highs and up over 4% year-to-date - up 5 days in a row for the best run in 4 months. The surge comes causally or correlatedly coincidental with China's explicit shift into extraordinary measures (LTROs) but, as The FT reports, market participants are concerned that algo-based funds have created a "frenetic liquidity" environment as everyone from real money to central banks "aren’t trading the gold market the way they used to."
Washington’s Shadowy Energy Partnership With Azerbaijan Exposed
Submitted by Tyler Durden on 05/18/2015 - 08:34 Ten Members of the U.S. Congress – along with 32 of their staff members – received secret payments from Azerbaijan’s state-owned oil company to travel to Baku in 2013, to cover the cost of travel, including souvenirs of “silk scarves, crystal tea sets and Azerbaijani rugs.”
Momos In Turmoil As Patron Saint Of Momentum "Investing" Calls It Quits
Over the years many have wondered how it was possible that a hedge fund could exist that did nothing more than ride momentum and heatmaps higher or lower without almost any insight into the fundamentals of the underlying corporations. That hedge funds, of course, is John A. Thaler's JAT Capital, which did nothing but buy the most talked about, "storied" momo stocks and ride them higher. Or lower, as the case may be. Because the hedge fund which only managed $3.7 billion as of March 31 just because it was a Tiger Management spin off, is no more.JADE = Joint Assistant For Development and Execution: BBN Technologies, Raytheon in conjunction with DARPA
from Level9News:
“JADE” is an AI quantum computing technology that produces holographic battlefield simulations and has the ability to use vast amounts of data being collected on the human domain to generate human terrain systems in geographic population centric locations to identify and eliminate targets, insurgents, rebels or whatever labels that can be flagged as targets in a Global Information Grid for Network Centric Warfare environments.
The JADE II battle field system is cognitive and intuitive. It can examine prior executed battle plans and and devise ‘new and better’ strategies to increase the ‘kill chain’. The II generation of JADE has the capability for two way communication with drones throuh the OCCOM technology which is one of the next generation integrations to this system.
In short, JADE HELM will not be battles directed by Generals and Military Commanders, but by a computer. It is a cognitive software program based on a Network Centric Warfare System at the HELM.
Please get this information out, share, re-post. It would seem the Jade Helm 15 exercise is actually a system roll out and more diabolical than we originally imagined.
hat tip: Colin M.
from TheVictoryReport:
from Washington’s Blog:
In addition to the illegality of US wars, we know from the disclosed evidence of our own government that all claims for current US wars were known to be lies as they were told to the American public and not “mistaken intelligence.” Read this and this for more complete documentation; here’s the summary for lies to initiate War Crimes on Iraq and Afghanistan:
In addition to the illegality of US wars, we know from the disclosed evidence of our own government that all claims for current US wars were known to be lies as they were told to the American public and not “mistaken intelligence.” Read this and this for more complete documentation; here’s the summary for lies to initiate War Crimes on Iraq and Afghanistan:
- Iraq had Weapons of Mass Destruction (WMD), a scary-sounding name for specific chemical and biological weapons.
- The US intercepted aluminum tubes that could only be used to refine nuclear material; irrefutable evidence that Iraq had restarted a nuclear weapons program.
- Saddam had attempted to purchase enriched uranium from Niger; more evidence that Iraq had reconstituted nuclear weapons development.
- Saddam had links to Al Qaeda, the alleged terrorists who attacked the US on 9/11.
from WeAreChange:
from Level9News:
Robin Sage is the military exercise equivalent of Jade Helm 15 for the Eastern 25% of America. While the political and MSM pundents have all eyes focused on the Southwestern states calling “Squirrel” plans have been in place for more than a decade for a similar ‘exercise’ from New Hampshire to Georgia over to Mississippi up to Tennessee.
The Netflix series “REVOLUTION” is a pretty good depiction of what we may be facing in America given re
from William Mount:
by Michael Snyder, The Economic Collapse Blog:
Did you know that there is more than $28,000 of debt for every man,
woman and child on the entire planet? And since close to 3 billion of
those people survive on less than 2 dollars a day, your share of that
debt is going to be much larger than that. If we took everything that the global economy produced this year and everything
that the global economy produced next year and used it to pay all of
this debt, it still would not be enough. According to a recent report
put out by the McKinsey Global Institute entitled “Debt and (not much) deleveraging“,
the total amount of debt on our planet has grown from 142 trillion
dollars at the end of 2007 to 199 trillion dollars today. This is the
largest mountain of debt in the history of the world, and those numbers
mean that we are in substantially worse condition than we were just prior to the last financial crisis.
Read More…
Did you know that there is more than $28,000 of debt for every man,
woman and child on the entire planet? And since close to 3 billion of
those people survive on less than 2 dollars a day, your share of that
debt is going to be much larger than that. If we took everything that the global economy produced this year and everything
that the global economy produced next year and used it to pay all of
this debt, it still would not be enough. According to a recent report
put out by the McKinsey Global Institute entitled “Debt and (not much) deleveraging“,
the total amount of debt on our planet has grown from 142 trillion
dollars at the end of 2007 to 199 trillion dollars today. This is the
largest mountain of debt in the history of the world, and those numbers
mean that we are in substantially worse condition than we were just prior to the last financial crisis.Read More…
from Gold Core:
New research shows that European banks are as likely to fail today as
they were preceding the global economic crash seven years ago.
Leading economists say that the European banking system is still highly vulnerable to financial and economic shocks despite the various policies which have been put in place to protect against such events since the collapse in 2008.
According to research by the University of Portsmouth Business School which was published in the Journal of Banking and Finance European banks are as vulnerable today as they were in the run up to the crisis of 2008.
Read More @ GoldCore.com
New research shows that European banks are as likely to fail today as
they were preceding the global economic crash seven years ago.Leading economists say that the European banking system is still highly vulnerable to financial and economic shocks despite the various policies which have been put in place to protect against such events since the collapse in 2008.
According to research by the University of Portsmouth Business School which was published in the Journal of Banking and Finance European banks are as vulnerable today as they were in the run up to the crisis of 2008.
Read More @ GoldCore.com
from The Daily Sheeple:
Joseph Rivers was a 22-year-old aspiring music video producer from
outside of Detroit who managed to painstakingly save $16,000 for a music
venture.
He was on an Amtrak train moving to Los Angeles to pursue his dream when his life’s savings were stolen from him.
According to the Albuquerque Journal, “A DEA agent boarded the train at the Albuquerque Amtrak station and began asking various passengers, including Rivers, where they were going and why. When Rivers replied that he was headed to LA to make a music video, the agent asked to search his bags. Rivers complied.”
Read More @ TheDailySheeple.com
Joseph Rivers was a 22-year-old aspiring music video producer from
outside of Detroit who managed to painstakingly save $16,000 for a music
venture.He was on an Amtrak train moving to Los Angeles to pursue his dream when his life’s savings were stolen from him.
According to the Albuquerque Journal, “A DEA agent boarded the train at the Albuquerque Amtrak station and began asking various passengers, including Rivers, where they were going and why. When Rivers replied that he was headed to LA to make a music video, the agent asked to search his bags. Rivers complied.”
Read More @ TheDailySheeple.com
from The News Doctors:
Last week started with US Secretary of State John Kerry coming to
Russia to lay a wreath for the millions of Soviet soldiers who gave
their lives in the historic defeat of Nazi Germany. Then the week ended
with Kerry’s deputy at the State Department, Victoria Nuland, flying to
Moscow to meet Russian officials to discuss implementation of the Minsk
ceasefire in Ukraine.
Nuland’s was the second high-level political delegation from Washington to Russia in less than seven days. Before Kerry’s attendance at the war memorial in Sochi, it was reportedly two years since a senior American official had set foot on Russian territory.
Read More @ TheNewsDoctors.com
Last week started with US Secretary of State John Kerry coming to
Russia to lay a wreath for the millions of Soviet soldiers who gave
their lives in the historic defeat of Nazi Germany. Then the week ended
with Kerry’s deputy at the State Department, Victoria Nuland, flying to
Moscow to meet Russian officials to discuss implementation of the Minsk
ceasefire in Ukraine.Nuland’s was the second high-level political delegation from Washington to Russia in less than seven days. Before Kerry’s attendance at the war memorial in Sochi, it was reportedly two years since a senior American official had set foot on Russian territory.
Read More @ TheNewsDoctors.com
from USA Watchdog:
Mexican retail mogul Hugo Salinas-Price is worried about the common man and the upcoming currency calamity that is approaching the globe.
Salinas-Price says, “It certainly isn’t getting better when you have some intellectuals going so crazy as to say they want to ban cash. We can’t go too much further along this road. This is utter madness. We’re not supposed to use cash anymore? Salinas Price goes on to say, “If we have these lunatics running things, it can’t get any better. We have people running things that have forgotten about what motivates the common man. . . . I want people to have silver because it is going to protect them.”
Read More @ USAWatchdog.com
Mexican retail mogul Hugo Salinas-Price is worried about the common man and the upcoming currency calamity that is approaching the globe.
Salinas-Price says, “It certainly isn’t getting better when you have some intellectuals going so crazy as to say they want to ban cash. We can’t go too much further along this road. This is utter madness. We’re not supposed to use cash anymore? Salinas Price goes on to say, “If we have these lunatics running things, it can’t get any better. We have people running things that have forgotten about what motivates the common man. . . . I want people to have silver because it is going to protect them.”
Read More @ USAWatchdog.com
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