Submitted by Tyler Durden on 06/10/2015 - 16:30 The current bubbles are so large and fragile that air is already coming out with rates still locked at zero. However, unlike prior bubbles that pricked in response to Fed rate hikes, the current bubble may be the first to burst without a pin. It appears the Fed fears this and will do everything it can to avoid any possible stress. That is why Fed officials will talk about raising rates, but keep coming up with excuses why they can’t. Larry Lindsey will be right that the markets will eventually force the Fed to raise rates even more abruptly if it waits too long to raise them on its own. But he grossly underestimates the magnitude of the rise and the severity of the crisis when that happens. It won’t just be the end of a raging party, but the beginning of the worst economic hangover this nation has yet experienced.
"Obama Is Destroying Europe", "Dragging It Into A Crusade Against Russia" Says Former French PM
Submitted by Tyler Durden on 06/10/2015 - 15:55 "Today, Europe is not independent… The US is drawing us [the EU] into a crusade against Russia, which contradicts the interests of Europe,” said the former French Prime Minister Fillon while the chief economist at Bremer Landesbank adds that as a result of US policies "unmeasurable damage lies in an elevated geopolitical risk situation for the people in the EU.”
"Profits Over Public Health" - Big Pharma Revealed As Puppetmaster Behind TPP Secrecy
Submitted by Tyler Durden on 06/10/2015 - 22:13 When it came to the highly confidential TPP, it was unclear just which corporations were dominant in pulling the strings. Now thanks to more documents published by Wikileaks, and analyzed by the NYT, it appears that "big "pharma" is once again pulling the strings, this time of the Trans Pacific Partnership, which if passed will "empower big pharmaceutical firms to command higher reimbursement rates in the United States and abroad, at the expense of consumers" according to "public health professionals, generic-drug makers and activists opposed to the trade deal."Oops! Fed Admits QE Widens Inequality
Submitted by Tyler Durden on 06/10/2015 - 22:00 Oops, Sorry America!
from cambridgehouseintl:
The Upside Of Soaring Obamacare Premiums?
Submitted by Tyler Durden on 06/10/2015 - 21:30 More costs...
Rigging Markets? How To Determine If You Will Go To Jail In A Simple Flow Chart
Submitted by Tyler Durden on 06/10/2015 - 21:15 Here is the answer.
China Officially Doubles Down On Multi-Trillion Yuan Debt Swap Program
Submitted by Tyler Durden on 06/10/2015 - 21:00 China has officially doubled the quota on a critical local government bond swap program designed to help provincial authorities crawl out from beneath a debt pile that amounts to some 35% of GDP. Participating banks can pledge the newly issued muni bonds for cash, but with four policy rate cuts already on the books this year, it isn't clear that more liquidity is the answer when it comes to boosting credit creation.CIA Humor - Mocking Transparency, "Conspiracy Theories"
Submitted by Tyler Durden on 06/10/2015 - 20:45
Hospitals Are Blatantly Ripping Us Off
Submitted by Tyler Durden on 06/10/2015 - 20:30 Most Americans are deathly afraid to go to the hospital these days – and it is because of the immense pain that it will cause to their wallets. If you want to get on a path that will lead you to bankruptcy, just start going to the hospital a lot. In America today, hospitals and doctors are blatantly ripping us off and they aren’t making any apologies for it. As you will read about below, some hospitals mark up treatments by 1,000 percent. If the U.S. health care system was a separate country, it would actually be the 6th largest economy on the entire planet.Biotech Bubble; China Crash; Rate Rumble: How Goldman Is Hedging The "What Ifs"
Submitted by Tyler Durden on 06/10/2015 - 20:01
Deutsche Bank Head Of Asia-Pac Equities Loses Control Of His $580,000 Ferrari, Kills Innocent Bystander
Submitted by Tyler Durden on 06/10/2015 - 19:49 As recently as several months ago, the financial press was surprised when a wave of Deutsche Bank employees, particularly those in the bank's legal department (such as here and here), decided to take their own lives. Now at least one Deutsche Banker, perhaps perturbed by the recent news involving the unexpected departure of his co-CEOs coupled with the even more unexpected raid of the bank's global headquarters, has decided to show the jump from sui- to homicide is a simple one.
China's Global Ambitions Take Shape As AIIB Structure Revealed, Germany Pledges Full Support
Submitted by Tyler Durden on 06/10/2015 - 19:30 As China builds its own multilateral institutions, Beijing has been keen to dispel the notion that it seeks to supplant the Bretton Woods order with its own brand of Eastern hegemony and although one can certainly question the degree to which China’s aims are rooted purely in an inclination to be benevolent towards nations in need of fixed asset investment, Beijing is making an effort to distance itself from the way the US governs the institutions under its control.Do you really think any of these cock suckers will be any different from each other...If so your not paying attention...
Bush Brother Calls Putin "Bully", Warns Of "Consequences" For Russia If Elected
Submitted by Tyler Durden on 06/10/2015 - 18:30 "Ultimately I think to deal with Putin you need to deal from strength - he's a bully and ... you enable bad behavior when you're nuanced with a guy like that."
Guess How Many Nations In The World Do Not Have A Central Bank?
Submitted by Tyler Durden on 06/10/2015 - 18:00 Central banking has truly taken over the entire planet. At this point, the only major nation on the globe that does not have a central bank is North Korea. Yes, there are some small island countries such as the Federated States of Micronesia that do not have a central bank, but even if you count them, more than 99.9% of the population of the world still lives in a country that has a central bank. The global elite dominate us because we allow them to dominate us. Their debt-based system greatly enriches them while it enslaves the remainder of the planet. We need to expose their evil system and the dark agenda behind it while we still have time.
20 Years Later, Bill Clinton's Home Ownership Dream For America Is Dead
Submitted by Tyler Durden on 06/10/2015 - 17:30 20 years ago this month, Bill Clinton unveiled the National Home Ownership Strategy, a 100-point plan designed to drive the home ownership rate in America to all-time highs. The plan succeeded — and now it has unraveled completely.
No Steve Schwarzman, That's Not How "The Next Financial Crisis Will Happen"
Submitted by Tyler Durden on 06/10/2015 - 17:05 "We take issue with the widespread notion that the problem is solely due to regulators having raised the cost of dealer balance sheet, and could be ameliorated if only there were greater investment in e-trading or a rise in non-dealer-to-non dealer activity... illiquidity is a growing concern even in markets like equities and FX, which use barely any balance sheet at all, and where e-trading is the already the norm rather than the exception.""Denied" Greek Rumor Sparks Stock Buying Panic As Bonds Near Death Cross
Submitted by Tyler Durden on 06/10/2015 - 16:08
Taxpayers To Lose Billions On Student Loan Refinancing
Submitted by Tyler Durden on 06/10/2015 - 15:40 In what looks like the latest threat to the US taxpayer stemming from the government's trillion-dollar student loan portfolio, VC-backed tech startups are using attractive refi offers to siphon off the best loans, leaving taxpayers with a book full of IBR enrollees and severely delinquent borrowers who aren't even thinking about making payments.from Hollands Glorie:
by Jeff Nielson, Bullion Bulls:
Day after day; the Lemmings of Western societies are bombarded with
euphemistic buzzwords and phrases, which are either absolutely
meaningless or where the meaning is radically different from (even
opposite to) the buzzword/phrase itself: the New Normal; quantitative easing; competitive devaluation; the bail-in; etc.; etc.; etc.
Go back several years; and we were bombarded with a different set of euphemisms, all with a similar goal. Distract us, confuse us, cause us to fight amongst ourselves, or simply hide the ever more-heinous inequality and economic rape taking place in our once-prosperous, once-egalitarian societies. However, one euphemism stands out above (below?) all others, both for its enduring nature, and because this vague, but positive-sounding phrase hides a particularly ugly, cynical truth: free trade.
Read More @ Bullionbullscanada.com
image credit: popularresistance.org
Day after day; the Lemmings of Western societies are bombarded with
euphemistic buzzwords and phrases, which are either absolutely
meaningless or where the meaning is radically different from (even
opposite to) the buzzword/phrase itself: the New Normal; quantitative easing; competitive devaluation; the bail-in; etc.; etc.; etc.Go back several years; and we were bombarded with a different set of euphemisms, all with a similar goal. Distract us, confuse us, cause us to fight amongst ourselves, or simply hide the ever more-heinous inequality and economic rape taking place in our once-prosperous, once-egalitarian societies. However, one euphemism stands out above (below?) all others, both for its enduring nature, and because this vague, but positive-sounding phrase hides a particularly ugly, cynical truth: free trade.
Read More @ Bullionbullscanada.com
image credit: popularresistance.org
from Senator Elizabeth Warren:
I’m not the only one who’s noticed a significant increase in the amount
of anti-gold propaganda flooding the financial media. Here’s a perfect
example published by Bloomberg News just today: Gold’s Technical/Fundamental Trend Is DownOf course, nothing could be further from the truth. You tell me, does this chart look “bearish:”
This graph does not reflect today’s spike higher in gold. The U.S. financial media has become disinformational in proportions that would make George Orwell or Joseph Goebbels blush with embarrassment.
Read More…
by Claire Bernish, Activist Post:
When government is completely dysfunctional and seems not to serve the
people’s interests, we have to wonder where our tax dollars are going.
Thanks to a Reuters investigation
by Scot Paltrow, we have an answer—or, rather, a non-answer.
Apparently, the Pentagon has made use of $8.5 trillion of our tax money
handed over by Congress since 1996—but don’t ask what was done with the
money. The Department of Defense doesn’t have a clue.
Audits of all federal agencies were mandated by law beginning in 1996, but the Pentagon is unique in never having complied. In almost 20 years, the Pentagon has never accounted for trillions it spent, in part because “plugging”—fudging the numbers—is standard operating procedure.
According to the investigation, employees of the Defense Finance and Accounting Service, the Pentagon’s primary accounting agency, were routinely told by superiors to take “unsubstantiated change actions.” These plugs—which amounted to falsifying the books—were used to bring the military’s figures in line with the Treasury’s when discrepancies couldn’t be traced and accounted for. According to DFAS employee, Linda Woodford, “A lot of times there were issues of numbers being inaccurate. We didn’t have the detail . . . for a lot of it.” This so-called plugging isn’t unique to DFAS—when it comes to resolving lost or missing information, it’s just business as usual in every branch of the service.
Read More @ ActivistPost.com
When government is completely dysfunctional and seems not to serve the
people’s interests, we have to wonder where our tax dollars are going.
Thanks to a Reuters investigation
by Scot Paltrow, we have an answer—or, rather, a non-answer.
Apparently, the Pentagon has made use of $8.5 trillion of our tax money
handed over by Congress since 1996—but don’t ask what was done with the
money. The Department of Defense doesn’t have a clue.Audits of all federal agencies were mandated by law beginning in 1996, but the Pentagon is unique in never having complied. In almost 20 years, the Pentagon has never accounted for trillions it spent, in part because “plugging”—fudging the numbers—is standard operating procedure.
According to the investigation, employees of the Defense Finance and Accounting Service, the Pentagon’s primary accounting agency, were routinely told by superiors to take “unsubstantiated change actions.” These plugs—which amounted to falsifying the books—were used to bring the military’s figures in line with the Treasury’s when discrepancies couldn’t be traced and accounted for. According to DFAS employee, Linda Woodford, “A lot of times there were issues of numbers being inaccurate. We didn’t have the detail . . . for a lot of it.” This so-called plugging isn’t unique to DFAS—when it comes to resolving lost or missing information, it’s just business as usual in every branch of the service.
Read More @ ActivistPost.com
by Steve Watson, Infowars:
Read More @ Infowars.com
Austrian media is reporting that a huge
security zone has been drawn up around the hotel where the Bilderberg
Group are meeting this weekend, and that anyone who enters the
designated area will be thrown in jail for a fortnight, or subjected to a
500 euro ($565) fine.
The report from Austrian newspaper Tiroler Tageszeitung,
notes that a “court ban” has been secured around the exclusive
Interalpen-Hotel in Telfs, ensuring that over 130 heads of finance,
government and the corporate world are able to meet in total secrecy.
Police have released a map of the security zone, which covers the
entire hotel grounds as well as the main road and trails leading up to
the venue from the small town of Buchen.Read More @ Infowars.com
by Christina Sarich, Natural Society:
US Secretary of Agriculture Tom Vilsack, also known as Monsanto’s errand boy, sent a letter to media outlets on May 1st
of this year stating that the USDA’s Agricultural Marketing Service
(AMS) has, for a long time now, offered a Process Verified non-GMO label
to food manufacturers. In the least, the claim has kicked up some dust
to make understanding the USDA non-GM label claims a little difficult to
see through.
Vilsack points to the USDA’s website, stating it “provides companies that supply agricultural products or services the opportunity to assure customers of their ability to provide consistent quality products or services,” with a Process Verified Seal. But this only requires companies to submit internal documentation on their goods or services – there is no outside inquiry into any claims they make.
Read More @ NaturalSociety.com
US Secretary of Agriculture Tom Vilsack, also known as Monsanto’s errand boy, sent a letter to media outlets on May 1st
of this year stating that the USDA’s Agricultural Marketing Service
(AMS) has, for a long time now, offered a Process Verified non-GMO label
to food manufacturers. In the least, the claim has kicked up some dust
to make understanding the USDA non-GM label claims a little difficult to
see through.Vilsack points to the USDA’s website, stating it “provides companies that supply agricultural products or services the opportunity to assure customers of their ability to provide consistent quality products or services,” with a Process Verified Seal. But this only requires companies to submit internal documentation on their goods or services – there is no outside inquiry into any claims they make.
Read More @ NaturalSociety.com
from Live Wellness Center:
from The Daily Sheeple:
Much of the mainstream American food supply is laden with unhealthy
additives, artificial flavorings, coloring, dyes, preservatives,
hormones, genetically modified organisms (GMOs), and toxins. Not
everyone agrees that GMOs have been proven harmful to humans, which is
why the food chains listed here were selected specifically because they
are responsible for a wide variety of health violations—the GMOs and
their concealment from public knowledge are included for informational
purposes.
As with all things, I urge you to read with your head on a swivel, adjusting your worldview based on new information.
Read More @ TheDailySheeple.com
Much of the mainstream American food supply is laden with unhealthy
additives, artificial flavorings, coloring, dyes, preservatives,
hormones, genetically modified organisms (GMOs), and toxins. Not
everyone agrees that GMOs have been proven harmful to humans, which is
why the food chains listed here were selected specifically because they
are responsible for a wide variety of health violations—the GMOs and
their concealment from public knowledge are included for informational
purposes.As with all things, I urge you to read with your head on a swivel, adjusting your worldview based on new information.
Read More @ TheDailySheeple.com
by Gary Christenson, Gold Seek:
There is no shortage of negative commentary on gold and silver. A quick google search will produce such headlines as:
“Gold is the Worst Investment in History”
There is some truth in the above objections to gold, but as usual, there is more to the story. I have rephrased and condensed the above objections into the following nine statements. Consider those objections in red and my commentary:
Gold and silver are not money because we can’t purchase groceries, fuel, or other necessities with either gold or silver. We also can’t purchase groceries with hundreds of other paper currencies that are now worthless. Even if gold or silver are not the primary currency in use, they certainly can be converted into hundreds of currencies and used to purchase groceries. In short, gold “spends” everywhere.
Read More @ GoldSeek.com
There is no shortage of negative commentary on gold and silver. A quick google search will produce such headlines as:“Gold is the Worst Investment in History”
There is some truth in the above objections to gold, but as usual, there is more to the story. I have rephrased and condensed the above objections into the following nine statements. Consider those objections in red and my commentary:
Gold and silver are not money because we can’t purchase groceries, fuel, or other necessities with either gold or silver. We also can’t purchase groceries with hundreds of other paper currencies that are now worthless. Even if gold or silver are not the primary currency in use, they certainly can be converted into hundreds of currencies and used to purchase groceries. In short, gold “spends” everywhere.
Read More @ GoldSeek.com
from KingWorldNews:
Richard Russell:
“I’ve said this before; there are three things that I depend on, and
they have always worked for me. One, I am always safe. Two, I always
hear what’s important and what I am supposed to hear. And three, God
provides me with whatever supplies I need for that day.
Over the weekend, I received a brochure from Steven Leeb. I have read Leeb’s work for a long time and I am convinced that Leeb is very intelligent and an honest person. The brochure I received was about what he calls, “the mega drought.” Leeb believes that this could possibly be a ten-year drought. History has shown that we have had droughts that have lasted ten-years, thirty-years, and more.
Richard Russell Continues @ KingWorldNews.com
Richard Russell:
“I’ve said this before; there are three things that I depend on, and
they have always worked for me. One, I am always safe. Two, I always
hear what’s important and what I am supposed to hear. And three, God
provides me with whatever supplies I need for that day.Over the weekend, I received a brochure from Steven Leeb. I have read Leeb’s work for a long time and I am convinced that Leeb is very intelligent and an honest person. The brochure I received was about what he calls, “the mega drought.” Leeb believes that this could possibly be a ten-year drought. History has shown that we have had droughts that have lasted ten-years, thirty-years, and more.
Richard Russell Continues @ KingWorldNews.com
from Gold Core:
In the last days of the Second World War American troops uncovered a
large stash of gold, silver and paper currencies at the post office of a
small town in eastern Germany called Plauen. Documents show that the
stash was directly linked to SS chief Heinrich Himmler.
The Americans seized the town on 16th April 1945. Documents uncovered in Washington by German historian Peter Heintje show that eleven days later a convoy left the town for Frankfurt.
Apparently the post office of the small town was also a secret branch of the Reichsbank. As the bombing raids on Berlin intensified in 1944 Himmler arranged for the stash to be secreted in the quiet eastern town.
Read More @ GoldCore.com
In the last days of the Second World War American troops uncovered a
large stash of gold, silver and paper currencies at the post office of a
small town in eastern Germany called Plauen. Documents show that the
stash was directly linked to SS chief Heinrich Himmler.The Americans seized the town on 16th April 1945. Documents uncovered in Washington by German historian Peter Heintje show that eleven days later a convoy left the town for Frankfurt.
Apparently the post office of the small town was also a secret branch of the Reichsbank. As the bombing raids on Berlin intensified in 1944 Himmler arranged for the stash to be secreted in the quiet eastern town.
Read More @ GoldCore.com
by Melissa Melton, TruthStreamMedia:
At this point it is ludicrous and hard to watch mainstream media
sources pretend to be outraged at the inaction of Congress in the face
of the growing police state. In this particular instance, it’s regarding
the news that the FBI had created a small fleet of surveillance planes to spy on us wholesale.
Last week, Americans learned that even as the NSA collected information on their telephone and Internet behavior, the FBI was using fictitious companies to secretly operate what the AP called “a small air force with scores of low-flying planes across the country carrying video and, at times, cell phone surveillance technology.”The news organization reported that surveillance flights may be more than a decade old, and identified “more than 100 flights since late April orbiting both major cities and rural areas.”
Read More @ TRUTHStreamMedia.com
At this point it is ludicrous and hard to watch mainstream media
sources pretend to be outraged at the inaction of Congress in the face
of the growing police state. In this particular instance, it’s regarding
the news that the FBI had created a small fleet of surveillance planes to spy on us wholesale.Last week, Americans learned that even as the NSA collected information on their telephone and Internet behavior, the FBI was using fictitious companies to secretly operate what the AP called “a small air force with scores of low-flying planes across the country carrying video and, at times, cell phone surveillance technology.”The news organization reported that surveillance flights may be more than a decade old, and identified “more than 100 flights since late April orbiting both major cities and rural areas.”
Read More @ TRUTHStreamMedia.com
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