Submitted by Tyler Durden on 08/17/2015 - 22:28
Earlier today an EU official was reported as saying that Greek banks will exclude all depositors from losses until the EU’s Bank Recovery and Resolution Directive rules go into effect on Jan. 1, 2016. Needless to say this was vastly different to Dijsselbloem's blanket guarantee statement from Friday, and suggests that depositors will indeed be bailed-in, but not right now: only after BRRD rules come in place on the first day of 2016.
From Crisis To Confiscation - Where Do I Store My Wealth?
Submitted by Tyler Durden on 08/17/2015 - 19:05 It's human nature for us to want to keep our wealth close at hand. Trouble is, you have all your wealth in one jurisdiction, and should that jurisdiction find itself in an economic crisis, all that “diversification” will be seriously at risk. If we’re being really truthful with ourselves, governments pose a greater threat than the average thief, as they can steal legally. Much of the world has gone on a massive spending spree and has, in effect, used a credit card to do so. Soon, that bill will need to be paid and the jurisdictions that are in debt will unquestionably be revealed to be insolvent. The economic crisis, when it hits, will be sudden and will be devastating.Caught On Tape: Native Americans Chase John McCain Off Navajo Land
Submitted by Tyler Durden on 08/17/2015 - 22:00 As McCain attempted a backdoor exit, the activists chanted in the hallway with their arms linked. Once they noticed McCain’s convoy making an escape, the group began chasing on foot. They were temporarily blocked by law enforcement but eventually made their way out of the building, chasing the cars as they exited the Navajo nation.These Are The "People" That Really Run Your State
Submitted by Tyler Durden on 08/17/2015 - 19:55 "Who" really runs your state?..."Global Shock Absorber" China Holds Currency Stable, Margin Debt Rises For 7th Day
Submitted by Tyler Durden on 08/17/2015 - 21:24 Offshore Yuan continues to trade at a discount to onshore against the USD (imply a modest further devaluation is due) but the spread is narrowing and today's practically unch Yuan fix is dragging USDCNH lower (stronger Yuan). Yesterday's afternoon session ramp in stocks managed to extend its gains as margin debt rises for the 7th straight day. The PBOC injects 120 bn Yuan liquidity via 7-day reverse-repo (notably more than the 50bn maturing), as HSBC's Stephen King concludes, the message from last week's surprise devaluation is clear - China no longer wants to play the "global shock absorber" role - instead is more focused on domestic instability... and there is no other nation yet willing (or able) to shoulder the responsibility.Officials Admit ISIS, Like Al-Qaeda, Was A Creation Of US Foreign Policy
Submitted by Tyler Durden on 08/17/2015 - 21:15 “The Americans allowed ISIS to rise to power because they wanted to get Assad out from Syria. But they didn’t anticipate that the results would be so far beyond their control.” This was not, then, a US intelligence failure as such. Rather, the US failure to to curtail the rise of ISIS and its likely destabilization of both Iraq and Syria, was not due to a lack of accurate intelligence? - ?which was abundant and precise? - ?but due to an ill-conceived political decision to impose ‘regime change’ on Syria at any cost. We can’t come up with any other logical conclusion. Either way, such people have no business running the affairs of these United States, and their actions are merely increasing instability and violence across the planet. The longer they remain in charge with no accountability, the more dangerous this world will become.America's "Over-Promise & Under-Deliver" Economy
Submitted by Tyler Durden on 08/17/2015 - 20:45 Two words - "Nailed it!"The Fed Is Scared To Raise Rates, Ron Paul Warns "Everything Is Too Vulnerable"
Submitted by Tyler Durden on 08/17/2015 - 20:20 The Fed is too scared to raise interest rates in the middle of an already weak recovery and risk sending the U.S. economy back into recession, or worse... The Fed chief "does not want to be responsible for the depression that I think we’ve been in the midst of all along," Paul added, "everything is vulnerable, so we’re living in very dangerous times."Which Are The Most Illiquid Assets In The Market Right Now
Submitted by Tyler Durden on 08/17/2015 - 19:34 As the chart below shows, from oil to bunds, to US HG and Convertible debt, to USTs and even to Developed Market stocks, turnovers are virtually non-existant, while the only place where there has been a transitory surge in turnover has something to do with Chinese stocks, where volume however has been quite muted in recent months ever since the bubble died.What Options Are Saying About A Possible September Rate Hike
Submitted by Tyler Durden on 08/17/2015 - 18:40 While 75% of 'expert economists' expect The Fed to raise rates in September, Goldman Sachs warns that if investors are worried about a September rate hike then it is not being priced via S&P 500 options...The Wall Street Ponzi At Work - The Stock Pumping Swindle Behind Four Retail Zombies
Submitted by Tyler Durden on 08/17/2015 - 18:10 The dance of the zombies goes on... During the 10 years between 2005 and 2014, these four retailers spent $34 billion on stock buybacks and dividends. But, alas, their cumulative net income during the period was only $13 billion. So they pumped 2.6X more into the casino than they earned! Last week’s tepid retail reports were not only a reminder that QE and ZIRP have by-passed main street entirely. The faltering department store sector is also a reminder that the monumental amount of Fed confected cash pooling-up in the canyons of Wall Street is breeding debt-laden zombies throughout the length and breadth of the land."Avoid ALL Contact" With Rain, American Embassy In Beijing Warns
Submitted by Tyler Durden on 08/17/2015 - 17:40 "For your information and consideration for action. First rain expected today or tonight. Avoid ALL contact with skin. If on clothing, remove and wash as soon as possible, and also shower yourself. Avoid pets coming into contact with rains, or wet ground, and wash them immediately if they do."Corporate Debt - Road To Oblivion In A Bear Market
Submitted by Tyler Durden on 08/17/2015 - 17:10 “The way to wealth in a bull market is debt. The way to oblivion in a bear market is also debt, and nobody rings a bell.” – James GrantThe Biggest Surprise About Claren Road's Upcoming Liquidation
Submitted by Tyler Durden on 08/17/2015 - 16:40You Decide...
EXCLUSIVE: Mainland Chinese dissidents have handed Natural News the following bombshell story.
The Tianjin explosion, Natural News has learned, was waged as an act of “kinetic retaliation” by the Pentagon in response to China’s currency war Yuan devaluation. The Chinese government has put in place unprecedented secrecy surrounding the mysterious explosion, and aggressive police state tactics are now being invoked to control the flow of information surrounding this event.
“Last week’s explosions sent massive fireballs into the sky and hurled burning debris across the industrial area at the world’s 10th-largest port, burning out buildings and shattering windows kilometres away,” reports the Daily Mail UK.
The Chinese government’s official explanation for the explosion, which has now killed 114 people, is a complete whitewash. China is going to declare regional martial law in the next 18 days, Natural News has learned, in order to exercise total control over the movement of people and information. The government has banned reporters from entering the area and has begun arresting bloggers who promote what the government calls “conspiracy theories” regarding the cause of the massive explosion.
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by Russ Winter, Winter Watch:
The explosion Saturday in the port city of Tianjin, China, has several startling features. The resulting crater within fractured rock indicates it could have been hit by a hyper-velocity, kinetic-energy, heavy-metal-constructed weapon (without a warhead) dubbed the “rod from God.” It is doubtful that explosions of mere chemicals could create a massive crater like this. This crater is being reported as 400 meters wide, and 7.5 meters deep.
The first blast registered 2.3 on the Richter scale and the second 2.9. Eyewitnesses described what felt like a quake. USGS geophysicist John Bellini says seismographs detect man-made explosions in quarries all the time, but usually surface explosions are not detected very well because most of their energy dissipates upward into the air. The fact is that the Tianjin explosions registered a seismographic event that had as much energy as a small earthquake. One can reasonably conclude that unlike a surface explosion of chemicals, this kinetic energy released underground was caused by a powerful penetration of the surface.
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from Susan Duclos:
from Fabian4Liberty:
by Kurt Nimmo, Infowars:
Presidential frontrunner Donald Trump told Chuck Todd and Meet the Press on Sunday the United States should send ground troops to the Middle East to take oil revenue away from the Islamic State. Trump said Iraq’s oil fields should be seized to prevent ISIS from profiting.
It is estimated ISIS controls around 10% of the country’s oil rigs and sells the stolen oil at lower than market prices on an international black market.
Trump said the Iraqis should be given “something” from their oil fields and added “we should definitely take back money for our soldiers” wounded in the invasion of Iraq.
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Presidential frontrunner Donald Trump told Chuck Todd and Meet the Press on Sunday the United States should send ground troops to the Middle East to take oil revenue away from the Islamic State. Trump said Iraq’s oil fields should be seized to prevent ISIS from profiting.
It is estimated ISIS controls around 10% of the country’s oil rigs and sells the stolen oil at lower than market prices on an international black market.
Trump said the Iraqis should be given “something” from their oil fields and added “we should definitely take back money for our soldiers” wounded in the invasion of Iraq.
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from KingWorldNews:
As we kick off what promises to be another wild trading week, today a 50-year market veteran spoke with King World News about everything from Paul Volcker and the tumultuous 1980s as well as the ultimate threat to the global Ponzi scheme.
John Embry: “This morning things remain in the metals markets remain in lockdown. The U.S. stock market is giving every indication of wanting to break down, and given its technical condition, lack of volume, overvaluation and deteriorating fundamentals it should break down. However, the Plunge Protection Team, which has been around since the 1987 Crash, has been working overtime virtually every day to prevent the market from coming unraveled….
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As we kick off what promises to be another wild trading week, today a 50-year market veteran spoke with King World News about everything from Paul Volcker and the tumultuous 1980s as well as the ultimate threat to the global Ponzi scheme.
John Embry: “This morning things remain in the metals markets remain in lockdown. The U.S. stock market is giving every indication of wanting to break down, and given its technical condition, lack of volume, overvaluation and deteriorating fundamentals it should break down. However, the Plunge Protection Team, which has been around since the 1987 Crash, has been working overtime virtually every day to prevent the market from coming unraveled….
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by Dave Hodges, The Common Sense Show:
When we were young, our mothers changed our diapers and tried to meet every need. When we went to school, most of our teachers tried their best to help us learn and grow. When we skinned our knees, the school nurse was there to wash out the wound and put a Band-Aid on it. Most Americans love the idea that there is some benevolent figure out there who will ride in on his white horse and save the day. How many white horses do you see outside the White House, or Congress? There are no white horses out there that are going swoop in at the midnight hour and save the day.
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When we were young, our mothers changed our diapers and tried to meet every need. When we went to school, most of our teachers tried their best to help us learn and grow. When we skinned our knees, the school nurse was there to wash out the wound and put a Band-Aid on it. Most Americans love the idea that there is some benevolent figure out there who will ride in on his white horse and save the day. How many white horses do you see outside the White House, or Congress? There are no white horses out there that are going swoop in at the midnight hour and save the day.
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