The Donald vs. China (Or The Fallacy Of Protectionism)

Submitted by Tyler Durden on 08/16/2015 - 15:15 For reasons that will forever remain a mystery to us, mercantilism and protectionism actually hold enormous popular appeal. The best explanation we can come up with for this phenomenon is that the support for such policies is based on a mixture of economic ignorance and relentless propaganda by vested interests over the past, say, four centuries. Still, it is almost comical that people are so vociferously clamoring for policies that can actually cost them a fortune and will definitely lower their standard of living.

John Embry: The Public Has Been Set Up For Slaugher – It Doesn’t Have A Chance

from The Daily Coin:

One of the things that has bothered me a lot is the cognitive dissonance amongst – not the public, the public doesn’t have a chance, they’re being lied to constantly by the media – but what I find distressing is the cognitive dissonance amongst financial professionals. – John Embry on Shadow of Truth
The precious metals sector has been under violent manipulative attack since gold and silver peaked in price in 2011. The western Governments and Central Banks had no choice but to attack real money because it would be the only way that they could continue implementing their ultimately catastrophic monetary policies in order to prevent systemic collapse.
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American Malls In Meltdown - The Economic Recovery Is Complete & Utter Fraud

Submitted by Tyler Durden on 08/16/2015 - 16:15 What happens when we roll back into the next official recession, unemployment soars, and consumers really stop spending? What is revealed when you look under the hood of this economic recovery is that it is a complete and utter fraud. The recovery is nothing but smoke and mirrors, buoyed by subprime auto debt, really subprime student loan debt, corporate stock buybacks, and Fed financed bubbles in stocks, real estate, and bonds. The four retailers listed below are nothing but zombies, kept alive by the Fed’s ZIRP and QE, as they stumble towards their ultimate deaths. The coming recession will be the knife through their skulls, putting them out of their misery.

Three Clear Signs That the US is Already in Recession

from Phoenix Capital Research:

The US economy is collapsing at a pace not seen since 2008-2009.
Retail sales are showing outright deflation, declining at a pace not seen outside of contractions.
The retail sector is not the only sector showing pronounced weakness.
General Electric (GE), JP Morgan (JPM), Microsoft (MSFT), IBM (IBM), Citigroup (C), Johnson & Johnson (JNJ), Intel (INTC), Coke (KO), Oracle (ORCL), Honeywell (HON), Goldman Sachs (GS), and American Express (AXP) have all reported a decline in Year Over Year sales for the second quarter of 2015.
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Why The Fantasy Is Now Coming Unraveled And What This Will Mean For Gold

from KingWorldNews:
On the heels of another chaotic trading week in major markets, today one of the top economists in the world warned King World News that the fantasy is now coming unraveled. He also discussed what this will mean for the gold market.
Michael Pento: “The fantasy is coming unraveled, Eric. What is the fantasy? That central banks and governments can borrow and print their way to prosperity. They have engendered another $60 trillion worth of debt since the Great Recession supposedly ended. What do we see? We see nothing but anemic growth, massive debt levels and unprecedented currency manipulation that spans the globe. This is starting to unravel. This will end in failure….
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This would be funny ...IF... there was no way to use this as a False Flag event...Gotta start another war somehow...

North Korea Threatens To "Invade USA," Use Weapons "Unknown To The World"

Submitted by Tyler Durden on 08/16/2015 - 15:40 If Washington does not cancel its planned military exercises with South Korea, North Korea has issued new nuclear threats and says it is ready to us its latest weapons, which "are unknown to the world." The drills, called Ulchi Freedom Guardian, are due to start Monday are designed to "protect the region and maintain stability on the Korean peninsula." However, as expected Pyongyang is not happy, "If [the] United States wants their mainland to be safe," said state TV, "then the Ulchi Freedom Guardian should stop immediately."

"They Have To Go"; Trump Vows To Deport All Illegal Immigrants

Submitted by Tyler Durden on 08/16/2015 - 10:27 "We're going to keep the families together, but they have to go. We will work with them. They have to go. Chuck, we either have a country, or we don't have a country."

New Snowden Leak Exposes AT&T's "Extreme Willingness To Help" NSA Spy On Americans

Submitted by Tyler Durden on 08/16/2015 - 14:40 Newly disclosed NSA files expose the spy agency's relationship through the years with American telecoms companies. As NYTimes reports, The National Security Agency’s ability to spy on vast quantities of Internet traffic passing through the United States has relied on its extraordinary, decades-long partnership with a single company: the telecom giant AT&T. The documents, provided by the former agency contractor Edward Snowden, described the NSA-AT&T relationship as "highly collaborative," while another lauded the company’s "extreme willingness to help."

Austerity - Elite Terrorism Against Ordinary People

Submitted by Tyler Durden on 08/16/2015 - 14:05 The purpose of austerity is to create insecurity and instill fear in the general population in order to protect the finance and banking sector from popular rage against the crimes the participants of this sector have committed against ordinary people. This rage ought to have given rise a long time ago to legal actions and desperately needed fundamental reforms to take away from bankers the right to create money, a right which they have abused at tremendous cost to ordinary people. Instead of collective reforms, what we are being subjected to is a policy of deliberately spreading insecurity together with the scapegoating of vulnerable people.

Hundreds Of Thousands Take To The Streets In Brazil Demanding President's Impeachment

Fukushima Nuclear Power Plant Shaken By Magnitude 4.7 Quake

from MissingSky101:

More Corruption Of Science

by Karl Denninger, Market-Ticker:

Uh, yep…
Coca-Cola, the world’s largest producer of sugary beverages, is backing a new “science-based” solution to the obesity crisis: To maintain a healthy weight, get more exercise and worry less about cutting calories.
The beverage giant has teamed up with influential scientists who are advancing this message in medical journals, at conferences and through social media. To help the scientists get the word out, Coke has provided financial and logistical support to a new nonprofit organization called the Global Energy Balance Network, which promotes the argument that weight-conscious Americans are overly fixated on how much they eat and drink while not paying enough attention to exercise.
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CHINA ADDS 17 TONNES TO ITS OFFICIAL RESERVES/COMEX GOLD CONTINUES TO BLEED

by Harvey Organ, HarveyOrganblog:
Good evening Ladies and Gentlemen:
Here are the following closes for gold and silver today:
Gold: $1112.90 down $2.80 (comex closing time)
Silver $15.21 down 18 cents.
In the access market 5:15 pm
Gold $1115.20
Silver: $15.25
First, here is an outline of what will be discussed tonight:
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