from Greg Hunter:
Renowned gold expert Jim Sinclair stands by his prediction last year of an eventual gold price of $50,000 per ounce. Sinclair explains, “You have to understand we are going into unprecedented deflation, and it’s the reaction of central banks around the world to the concept of deflation that brings about hyperinflation. . . . There will be debt monetization of all kinds of debt to maintain some sort of equilibrium. The price of gold is going to go to a level that is going to surprise everybody.”
from KingWorldNews:
China
was back in the news last night: its market fell about 7%, despite an
injection of about $25 billion into the money market there and, after
the close, the Chinese cut reserve requirements by 50 basis points and
the bank lending rate by 25.
However, the rest of Asia was higher, with the exception of Japan, which fell 4%, and Europe gained 4%. All of that set the stage for an overnight rally in the SPOOs and an approximately 2%-plus higher opening in our stock market. After the initial ramp, the market traded essentially sideways through midday before starting to leak in the afternoon. That leakage turned into a selloff, and with 30 minutes to go the S&P was back to flat on the day.
Read More
China
was back in the news last night: its market fell about 7%, despite an
injection of about $25 billion into the money market there and, after
the close, the Chinese cut reserve requirements by 50 basis points and
the bank lending rate by 25.However, the rest of Asia was higher, with the exception of Japan, which fell 4%, and Europe gained 4%. All of that set the stage for an overnight rally in the SPOOs and an approximately 2%-plus higher opening in our stock market. After the initial ramp, the market traded essentially sideways through midday before starting to leak in the afternoon. That leakage turned into a selloff, and with 30 minutes to go the S&P was back to flat on the day.
Read More
What If The "Crash" Is As Rigged As Everything Else?
Submitted by Tyler Durden on 08/26/2015 - 08:51 Take your pick - here's three good reasons to engineer a "crash" that benefits the few at the expense of the many.
Betting On "The End Of The World" Just Returned 2400% In One Day
Submitted by Tyler Durden on 08/26/2015 - 09:19 This is what we said on Friday afternoon when we reported that someone was aggressively bidding VIX 50 Sept calls: "what would be far scarier is if whoever is suddenly offering a nickel for the VIX Sept 50 calls actually knows something. Because if he "does", that would suggest a market move 'Straight out of Lehman.'" Fast forward to Monday, when we had a market move that was, drumroll, straight out of Lehman indeed, and shockingly, the VIX 50 calls, which were bought when the VIX was trading at half that value, were briefly in the money!
Caught On Tape: Virginia Reporter, Photographer Killed During Live TV Report; Schools Locked-Down As Gunman Loose
Submitted by Tyler Durden on 08/26/2015 - 08:59 While Americans are becoming numb to inner city violence, shooting sprees, and lone gunmen at military installations, the following stunning clip - from live TV at the Bridgewater Plaza in Bedford County, Virginia - of a reporter and photographer being shot and killed is likely to raise the public's awareness of the underlying chaos occurring under the surface in America every day...
Recession Watch - Durable Goods Growth Slows In July, Core Capex Orders Decline 6 Straight Months
Submitted by Tyler Durden on 08/26/2015 - 08:40 Durable Goods Orders rose a better than expected 2.0% in July (but that is notably slower than the 4.1% revised growth in June). Non-defense Capital Goods growth remains stagnant as core capex orders have now been in deceline 6 straiught months year-over-year. Furthermore, on a non-seasonally-adjusted basis, YoY Durable Goods New Orders collapsed 20.4% - the worse level since the financial crisis as last year's Boeing orders outlier washes out of the numbers... but even ex-Transports the numbers remain recessionary-ugly.
China Loses All Control: Arrests Journalist, Financial Executive Over Market Crash
Submitted by Tyler Durden on 08/26/2015 - 08:31 With China's equity bubble now squarely in the rearview and the stock market crash making headlines the world over, Beijing is out for blood in a desperate attempt to find a scapegoat for a market rout that has rattled the country to the core. In what is perhaps a worrying sign of things to come, overnight China arrested a journalist and a top investment banker for "spreading fake trading information" and "illegal trading", respectively.
Here We Go Again: US Equities Surge Even As Chinese Stock Market Rollercoaster Tumbles To 8 Month Low
Submitted by Tyler Durden on 08/26/2015 - 08:16 It seemed like finally China's relentless and increasingly futile attempts to have a green stock close would work: interest rate cuts, liquidity injections, direct stock interventions, even threats on the Prime Minister's head, and just to make certain moments before the close news very deliberately broke that government funds are buying large financial stocks, especially state-owned banks, to support the index, in the latest clear signs of government support, the Shanghai Composite seemed on pace to end an unprecedented series of consecutive tumbles which have dragged the composite down nearly 1000 points, or 25% in one week, and then... red close, with the SHCOMP down 1.3% to 2927, and a stunned China watching in horror as the central bank and government lose control, and everything they throws at the biggest market bubble of 2015 does absolutely nothing.
Silver & Gold Slammed As Dollar & Bond Yields Surge
Submitted by Tyler Durden on 08/26/2015 - 08:09 As the USD levitates along with Treasury yields, so Precious Metals are coming under significant pressure once again...
Time To Pull Out The Nasdaq/China Comparison Chart
Submitted by Tyler Durden on 08/26/2015 - 07:53 Following the most recent Chinese market rout, Deutsche's Jim Reid updates a chart he used back in early June comparing the Shanghai Composite recent performance with that of the NASDAQ back in 1999-2000.
Meanwhile In Greece, Pension Funds Tap Emergency Loans
Submitted by Tyler Durden on 08/26/2015 - 02:01 "Greece’s state insurance funds are resorting to external loans to cover their needs as fears grow that the measures of the third bailout will not be enough to cover the rest of 2015’s liquidity needs."
by Philippe Gastonne, The Daily Bell:
Americans
like to think the nation takes good care of their veterans. Its actual
record for doing so is spotty at best, as recent VA hospital scandals
demonstrate. Nevertheless, one category of veterans always lands on its
feet after it hangs up the uniform. Retiring generals and admirals can
take their pick of comfortable “advisory” jobs on Wall Street and at
defense contractors.
Army General (ret.) Ray Odierno was still wearing four stars barely a week ago and he’s already providing “strategic advice and global insights” to JPMorgan Chase. His compensation, while undisclosed, is no doubt ample.
What possible advice and insights could Odierno give JPM? His reputation actually makes him a perfect fit. A general known for heavy-handed, brutal behavior as well as extremely harsh tactics against the civilian population can help JPM streamline its customer service call centers, for example.
Read More
Americans
like to think the nation takes good care of their veterans. Its actual
record for doing so is spotty at best, as recent VA hospital scandals
demonstrate. Nevertheless, one category of veterans always lands on its
feet after it hangs up the uniform. Retiring generals and admirals can
take their pick of comfortable “advisory” jobs on Wall Street and at
defense contractors.Army General (ret.) Ray Odierno was still wearing four stars barely a week ago and he’s already providing “strategic advice and global insights” to JPMorgan Chase. His compensation, while undisclosed, is no doubt ample.
What possible advice and insights could Odierno give JPM? His reputation actually makes him a perfect fit. A general known for heavy-handed, brutal behavior as well as extremely harsh tactics against the civilian population can help JPM streamline its customer service call centers, for example.
Read More
from McAlvany Financial:
McAlvany Weekly Commentary 2015: David heads to China where financial crises accelerates, China dumps 180 billion in U.S. Treasuries & Income starved retirees forced to take risks they WILL regret.
McAlvany Weekly Commentary 2015: David heads to China where financial crises accelerates, China dumps 180 billion in U.S. Treasuries & Income starved retirees forced to take risks they WILL regret.
People without homes will not quarrel with their leaders. – The Bankers Manifesto of 1892
by Jeff Nielson, Bullion Bulls:
Who wants to steal all of our homes, and thus our land? Part II
of this series ended with the pledge to provide greater detail on the
actual perpetrators, the time-frame in which they plan to execute the
final phase of this Great Swindle, and how they can (and will) steal the
land out from under even those with no mortgage upon which they can
foreclose.
Give me control of a nation’s money supply, and I care not who makes its laws
– Mayer Amschel Rothschild [1744 – 1812]
While the two quotes above may not have been penned by the same hand, they clearly emanate from the same clan, or at the least, the same crime syndicate. Simply put, there was/is no other clan on the planet that already possessed the wealth and power to make the pledges contained in The Bankers Manifesto of 1892, in 1892 – and then to (finally) pursue that crime-against-humanity to (near) fruition, in 2015.
Read More
by Jeff Nielson, Bullion Bulls:
Who wants to steal all of our homes, and thus our land? Part II
of this series ended with the pledge to provide greater detail on the
actual perpetrators, the time-frame in which they plan to execute the
final phase of this Great Swindle, and how they can (and will) steal the
land out from under even those with no mortgage upon which they can
foreclose.Give me control of a nation’s money supply, and I care not who makes its laws
– Mayer Amschel Rothschild [1744 – 1812]
While the two quotes above may not have been penned by the same hand, they clearly emanate from the same clan, or at the least, the same crime syndicate. Simply put, there was/is no other clan on the planet that already possessed the wealth and power to make the pledges contained in The Bankers Manifesto of 1892, in 1892 – and then to (finally) pursue that crime-against-humanity to (near) fruition, in 2015.
Read More
by Julie Fidler, Natural Society:
The
U.S. went a decade without any cases of the plague, but this summer the
illness has made headlines after several people contracted the disease
while visiting Yosemite National Park.
On August 18, California officials announced that they were looking into a case of plague in a Georgia resident who visited the park this month. The patient is presumed to have the plague, but the CDC has not yet confirmed the case. [1]
Last month, a Los Angeles county girl was also diagnosed with plague after visiting Yosemite. Health officials say she is recovering.
Read More
The
U.S. went a decade without any cases of the plague, but this summer the
illness has made headlines after several people contracted the disease
while visiting Yosemite National Park.On August 18, California officials announced that they were looking into a case of plague in a Georgia resident who visited the park this month. The patient is presumed to have the plague, but the CDC has not yet confirmed the case. [1]
Last month, a Los Angeles county girl was also diagnosed with plague after visiting Yosemite. Health officials say she is recovering.
Read More
from Ben Swann:
from RTAmerica:
A new report has found that large quantities of nuclear waste from power plants are being dumped into a remote desert town located in Texas, potentially impacting water flowing into one of the biggest aquifers in America.
A new report has found that large quantities of nuclear waste from power plants are being dumped into a remote desert town located in Texas, potentially impacting water flowing into one of the biggest aquifers in America.
One Asshole to another...
from TheAlexJonesChannel:
The handling of the Ukrainian conflict, and the second-rate attempt to antagonize Vladimir Putin and paint him as an aggressor has failed, if the terse opinion of one of America’s oldest diplomats is any indication.
The handling of the Ukrainian conflict, and the second-rate attempt to antagonize Vladimir Putin and paint him as an aggressor has failed, if the terse opinion of one of America’s oldest diplomats is any indication.
by Catherine J. Frompovich, Activist Post:
With all the uproar—and rightfully so—about Planned Parenthood and fetal parts sales and delivery recently, there is something consumers may want to know how aborted fetal cells directly impact everyone’s daily lives! What? You may be asking. The straight up answer is: Consumers are purchasing products from companies that use fetal ‘parts’ in some way, including research, for products you purchase.
There’s a company—Senomyx—that patents food additives to produce certain smells and flavors in foods, which uses HEK239 cells from aborted fetuses, per Wikipedia. [1] HEK stands for human embryonic kidney cells!
Read More
With all the uproar—and rightfully so—about Planned Parenthood and fetal parts sales and delivery recently, there is something consumers may want to know how aborted fetal cells directly impact everyone’s daily lives! What? You may be asking. The straight up answer is: Consumers are purchasing products from companies that use fetal ‘parts’ in some way, including research, for products you purchase.
There’s a company—Senomyx—that patents food additives to produce certain smells and flavors in foods, which uses HEK239 cells from aborted fetuses, per Wikipedia. [1] HEK stands for human embryonic kidney cells!
Read More
from Liberty Blitzkrieg:
t’s
not just Hillary who has problems when it comes to mixing personal
email addresses with official government business. We know know that
conservative and tea party-targeting former head of the IRS’ Exempted
Organizations division, Lois Lerner, used not just one, but two personal
email addresses. The latest one discovered was under the name “Toby Miles.”
The Washington Times reports:
t’s
not just Hillary who has problems when it comes to mixing personal
email addresses with official government business. We know know that
conservative and tea party-targeting former head of the IRS’ Exempted
Organizations division, Lois Lerner, used not just one, but two personal
email addresses. The latest one discovered was under the name “Toby Miles.”The Washington Times reports:
Lois Lerner had yet another personal email account used to conduct some IRS business, the tax agency confirmed in a new court filing late Monday that further complicates the administration’s efforts to be transparent about Ms. Lerner’s actions during the tea party targeting scandal.
The admission came in an open-records lawsuit filed by Judicial Watch, a conservative public interest law firm that has sued to get a look at emails Ms. Lerner sent during the targeting.
Read More…
from Smaulgld:
In Part I of “Welcome To the Cashless Society – There is No War on Cash“, we noted that proponents of a cashless society tout convenience as a selling feature. Paraphrasing Ben Franklin we noted:‘Those who would give up liberty for convenience, deserve neither liberty nor convenience.’
Enhanced convenience is a dual edged sword. A cashless society may be more convenient, but also means a loss of freedom.
Read More
This is exactly the type of market behavior that we would expect to see during the early stages of a major financial crisis. In every major market downturn throughout history there were big ups, big downs and giant waves of momentum, and this time around will not be any different. As I have explained repeatedly, markets tend to go up when things are calm, and they tend to go down when things get really choppy. During a market meltdown, we fully expect to see days when the stock market absolutely soars. Waves of panic selling are often followed by waves of panic buying. As you will see below, six of the ten best single day gains for the Dow Jones Industrial Average happened during the financial crisis of 2008 and 2009. So don’t be fooled for a moment by a very positive day for stocks like we are seeing on Tuesday. It is all part of the dance.
At one point on Tuesday, the Dow was up over 400 points, and many of the talking heads on television were proclaiming that the stock market had “recovered”. This is something that I predicted would happen yesterday…
Read More
CEO and founder of StemExpress says Hillary for president is “a done deal as far as I’m concerned”The CEO of StemExpress, the company which procures the body parts of aborted babies from Planned Parenthood, is reportedly a huge supporter of Democrat presidential contender Hillary Clinton.
Cate Dyer, the founder of StemExpress, appears in the latest and eighth undercover sting video released by the pro-life Center for Medical Progress Tuesday, which features the corporate executive discussing Planned Parenthood as “a volume institution” that can provide intact fetuses, while at the same time noting clinics’ horribly unsanitary conditions.
Read More
It's Not SUNE For Hedge Fund Hotels As The Liquidation Continues
Submitted by Tyler Durden on 08/26/2015 - 09:47 Yesterday, we highlighted what could well have been the catalyst for the collapse late in the session. SUNE has crashed in the last two days as the hedge fund hotel which boasts such guests as Greenlight, Third Point, Glenview, Lone Pine, Fir Tree, Steadfast, Omega, York, and Canyon, sees mass liquidations, and judging by this morning's 6% plunge in the face of a notably higher broad market, it appears the margin-call driven liquidation may be continuing if not accelerating.
AAPL Suffers First Death Cross Since 2012
Submitted by Tyler Durden on 08/26/2015 - 09:40 Following The Dow's recent 'death cross' - when the 50-day moving average drops below the 20-day - it fell 2000 points. So will AAPL triggering its own 'death cross' warrant "no brainer" buying-the-dip or will investors remember what happened in 2012.../
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