Thursday, August 20, 2015

Venezuela Currency So Worthless it’s Used as a Napkin — Hyperinflation Escalation


from TheMoneyGPS:


"Mystery" Cyanide Foam Covers Streets In China After Tianjin Storms As "Massive Fish Die-Off" Photographed





Pessimism Rising - Options Markets Signal Bears Beating Bulls

Amid the tightest range in stock market history, bearish sentiment toward stocks is rapidly worsening according to the options market. As Bloomberg reports, based on the number of puts trading compared with calls on single stocks, pessimism is higher now than any time since 2012 as "upside speculation has really fallen off a cliff." Contrarians may be rejoicing but without a QE-backing and central bank omnipotence in question, as one strategist noted, "perhaps these traders fear a greater correction coming down the pike."



UK Stock Market Tumbles Into 10% 'Correction' - Gone Nowhere Since Feb 2013

Just as The BoE starts to hint at raising rates sometimes, maybe, possibly, never... The FTSE 100 tumbles into yet another correction - down 10% from its record highs set shortly after Draghi unleashed Q€. At current levels, the UK stock market has seen no appreciation since Feb 2013...



The Baby Boom Will Never Retire - Half Have No Retirement Savings At All

If it were not for Social Security, half of retirees would be out in the street bringing back another Great Depression like atmosphere. This is in stark contrast to that 401(k) dreams pushed by Wall Street investment banks of endless Margaritas and walks on nameless sunny beaches. The sad reality is that retirement is no longer what people think.



Greek PM Alexis Tsipras To Resign; New Elections Set For September 20

Update: GREEK PM TO HAND IN RESIGNATION TO PRESIDENT LATER ON THURSDAY -GOVT OFFICIALS 
"Greek state broadcaster ERT is reporting that the embattled prime minister will announce the vote later today. The PM has been meeting with government officials this afternoon and could resign from office having called the vote. September 13 and 20 have been touted as possible dates."



Iran Allowed To "Self-Inspect" Its Nuclear Sites By "Remarkably Naive And Reckless" UN

Given that self-regulation worked so well in the financial services industry, The United Nations, according to AP, has decided to allow Iran to use its own inspectors to investigate a site accused of being used to develop nuclear bombs. While the Obama administration was "confident in the agency's technical plans for investigating the possible military dimensions of Iran's former program," John Cornyn of Texas, the second-ranking Republican senator, said of the 'secret agreement' - since The UN normally does this work itself - "trusting Iran to inspect its own nuclear site and report to the U.N. in an open and transparent way is remarkably naive and incredibly reckless."

Which Comes First? Oil Under $40 Or 10Y Yield Under 2.00%?









Existing Home Sales Extrapolation Surges To Highest Since Feb 2007

By the miracle of NAR extrapolation and seasonal adjustment, the SAAR Existing Home Sales data just printed 5.59mm units - the highest since Feb 2007. Sales were dominated by increases in The West and The South with The Northeast falling. We have two questions for NAR - where are the buyers coming from... and how long is this sustainable?



Philly Fed Stagnant At 2015 Lows Amid Weaker Prices And New Orders

After July's hope-crushing drop in the Philly Fed manufacturing survey, August printed 8.3, modestly higher than expectations of a modest rise to 6.5. Prices Paid and Prices Received tumbled as did New Orders as deflation has firmly reappeared: "percentage of firms reporting reductions in prices received exceeded those reporting increases in prices received", but the headline index rose thanks to a pick up in employment and average workweek. The bottom line is that Philly Fed's survey is flatlining at the lowest levls in 2 years; and on a side note, the not-discussed-much Philly Fed non-manufacturing survey utterly collapsed from 51.4 to 2.7 in July.


For Caterpillar, This Is What The "Second Great Depression" Looks Like

The second great depression, which for industrial bellwether CAT started in December 2012 and has since resulted in 32 consecutive months of declining global retail sales and over a year longer than the decline observed during the great financial crisis, refuses to go away.



Turkey On The Brink As Calls For Martial Law, Civil War Send Lira Plunging Again

Turkey is rapidly descending into chaos on all fronts. With the lira in free fall and the politically-motivated violence escalating, one prominent lawmaker is calling for martial law ahead of new elections which could plunge the country further into civil war.



S&P Slumps Red Year-To-Date, Only The Nasdaq Still Has Gains In 2015

Small Caps hitting 6 month lows, S&P swinging red year-to-date, and Dow near 7-month lows... but remember China doesn't matter and Fed is priced in...



"Drought" Surrounding Last Stock Market High Is "Something To Worry About"

It has now been 64 days since the last 52-week high in the Dow Jones Industrial Average (DJIA) on May 19. 50-day "droughts" before and after a 52-week high in the Dow Jones Industrial Average have marked several major tops.



Financial Pop Quiz

Think you know finance? Test your skills with this quick pop quiz.

Why Are So Many People Freaking Out About A Stock Market Crash In The Fall Of 2015?

by Michael Snyder, The Economic Collapse Blog:
Is the stock market going to crash by the end of 2015?  Of course stock market crashes are already happening in 23 different nations around the planet, but most Americans don’t really care about those markets.  The truth is that what matters to people in this country is the health of their own stock portfolios and retirement accounts.  There are a lot of people out there that are very afraid of what could happen if the money that they have worked so hard to save gets wiped out in a sudden financial collapse.  And right now there is an unprecedented amount of buzz about the potential for a giant stock market crash by the end of this calendar year.  In fact, I don’t think that I have ever seen more experts come out with bold predictions that a stock market crash will happen within a very specific period of time.
Read More…


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Trump Predicts Prison Time for Hillary Clinton

from TheAlexJonesChannel:


Stunning One-Day Decline In Shanghai Futures Exchange Silver Inventories

from SRS Rocco:

In a surprising update, the Shanghai Futures Exchange reported one of the largest single-day withdrawals of silver off its exchange today.  As of yesterday, the total amount of silver stored at the Shanghai Futures Exchange (SHFE) was 256 metric tons (mt).  If we look at the chart below, we can see how the SHFE silver inventories grew slightly over the past week:
From Aug 12th to Aug 18th, the silver stocks at the SHFE increased a mere 5 mt, from 251 mt to 256 mt.  However, in just one day, silver inventories fell a whopping 23 mt to 233 mt today.  This was nearly a 10% decline of total silver warehouse stocks at the SHFE in a single day.  If we convert 23 mt to ounces, it turns out to be 739,450 oz.  That’s a lot of silver.
Read More…

George Soros’s Fakery

from Washington’s Blog:
George Soros pretends to be a progressive, but he invests in and finances nazis. That’s not “Nazis” as in National Socialist Party of Germany, which was outlawed after WW II, and whose racist obsession was against Jews. Instead, it’s “nazis” as in any racist fascist ideology (any ideology of racist fascism, instead of a political Party), in any country, against any ethnic group. But George Soros happens to support only nazis (racist fascists) whose passionate hatred is specifically against Russians. His entire biography in public life has actually been that.
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Ben Carson Just Scored A Huge Win Over Trump In A Way No One Expected

from Western Journalism:

Republican presidential candidate Ben Carson topped rival Donald Trump Tuesday as his appearance before a Phoenix, AZ, crowd was more than double the size of the crowd Trump drew in the area last month. Carson’s event, initially scheduled for a venue seating 2,300 people, drew about 12,000 people.
Carson, second in the most recent poll to Trump after being a virtual unknown a few weeks ago, joked with the Phoenix crowd about how earlier in the year, the political class had all but dismissed him.
“We’ve been able to put together a magnificent national organization but I found it amusing a few months ago the Washington Post says ‘Carson’s organization is falling apart, and all his people are quitting,’” he said.
Read More

Anti-vaccine activists being targeted by big pharma hit squad

from Natural Health 365:
Mandatory vaccination bills have dominated news headlines – especially in California, where SB277 was recently signed into law, stripping parents of their rights to opt children out of the mandatory immunizations required to attend school. Anti-vaccine activists have not been silent on their opposition to the bill and their belief that big pharma profit margins are the driving force behind the bill – not concern for public health and safety. After all, drug companies have resorted to crooked and underhanded techniques in the past in an effort to hide safety information about their medications and the serious dangers they present to unknowing consumers.
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Wall Street is Running out of Time… and Money

from Wolf Street:
Chinese stocks fell hard yesterday. The Shanghai Composite plunged more than 6% – the biggest fall in three weeks. Our research team in Beijing is downcast.
“Nobody here wants to hear about stocks,” they tell us.
And the junkiest – and riskiest – part of the U.S. bond market has taken a dive too. Here’s that chart of the big U.S. junk bond ETF that Chris highlighted in yesterday’s Market Insight. It has completely rolled over this year…
Meanwhile, U.S. corporate earnings have plateaued. And according to Deutsche Bank’s David Bianco, earnings are actually falling when you exclude companies’ slick accounting adjustments to “smooth” their numbers.
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Hillary KNOWS Jeb Is Going To Win!

from TruthNeverTold:


Did China Kick-Start A New Bull Market In Gold?

by Taki, Secular Investor:

Many have written about the devaluation of the Chinese currency last week, in particular its causes and consequences.
In mainstream media, most opinions are centered around the weakness of the Chinese economy  which is now growing less than 7%. Logically, they argue, China wants to stimulate exports and stabilize the currency by ‘de-pegging’ it from a strengthening dollar.
The alternative media basically is focused on a new phase in the currency war, the aim to control capital outflows, and, obviously, the wish of China to enter the IMF’s based SDR currency system (for which a free market currency is a prerequisite).
Read More

Horror: Intact Fetus Moves Arms, Legs Outside Womb in Latest Planned Parenthood Video

by Adan Salazar, Infowars:
A fully intact human fetus is seen moving its arms and legs outside of the womb, in the latest damning Planned Parenthood sting video released by the pro-life Center for Medical Progress. Ex-Stem Express procurement technician Holly O’Donnell appears again in the 7th installment of the group’s series, revealing even more horrific details about her former employer’s partnership with Planned Parenthood and their customized abortion for profit racket.
“O’Donnell describes the harvesting, or ‘procurement,’ of organs from a nearly intact late-term fetus aborted at Planned Parenthood Mar Monte’s Alameda clinic in San Jose, CA,” CMP notes in their latest video’s description. “Usually they want both hemispheres intact with the brain stems, which usually doesn’t happen,” O’Donnell says. “They’ll take like a 70 percent intact or an 80 percent intact… and you have to contact them and see if that’ll be ok.”
The former technician goes on to recount how her lab supervisor described cutting through the mouth of a gestated fetus as “cool.”
Read More

When Governments Go Broke They Go “On Sale” — Here are Some Great Deals I’m Seeing

from Sovereign Man:
Earlier today I had a great meeting with a government minister in Antigua, who’d phoned to update me on their economic citizenship program.
If you’re not familiar, an economic citizenship is a legal process backed by formal legislation whereby an investor can make a large donation or investment in a country in exchange for a passport.
Antigua’s is still quite new, and it’s well-priced.
After undergoing a strict due diligence process and providing a minimum donation of roughly $250,000, you can obtain an Antiguan passport— which provides visa-free travel to over 130 countries including most of Europe, Latin America, and more.
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Is Your Doc Bought and Paid for by Big Pharma?

by Jasmine LeMaster, Laissez Faire Books:
I was sitting in the waiting room of my doctor’s office when a beautiful, leggy blonde sat down beside me. She was dressed in heels and a fashionable skirt suit and made me instantly feel like I should probably sit up just a tad bit straighter. Her fashion sense, briefcase, and iPad gave her away instantly: She was a drug rep.
As she waited for the doctor to come out, a lady on the other side of her started to make small talk. As the conversation moved from the fact that they both knew similar people (small world!), the lady innocently asked the rep what drug company she worked for.
What happened next was so perfect it was like a commercial.
Read More

Greek Infrastructure Goes on Sale as Germany Approves €86 Billion Bailout

from RT:



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