Submitted by Tyler Durden on 09/15/2015 - 21:12 As of this moment JPMogan has only 335 kilograms of deliverable gold, or just 27 "good delivery" bricks, left. It is just one withdrawal request away from running out of registered physical gold.
Head Of China's 'Goldman Sachs' Probed For Insider Trading As "Market Purification" Continues
Submitted by Tyler Durden on 09/16/2015 - 00:15 Imagine for a moment the sentiment shock for mainstream Americans if Goldman Sachs' Lloyd Blankfein was probed for insider-trading and publicly scapegoated for causing a nation's equity market (and economy) to collapse. While it may be true, it would never happen in America... But in China, as part of what authorities call "purifying the markets," the president of China’s biggest brokerage has been swept up in a widening campaign to root out financial wrongdoing and assign blame for the nation’s $5 trillion stock rout. As Bloomberg notes, shares are falling further in today's markets as the probe of Citic Securities President Cheng Boming comes after the state-run Xinhua News Agency reported last month that four executives at Citic had admitted to so-called insider trading.from MMPC:
This Is Why Hewlett-Packard Just Fired Another 30,000
Submitted by Tyler Durden on 09/15/2015 - 16:39 Remember when Hewlett-Packard announced it would fire 58,000 in February just so the company could spend even more billions on stock buybacks to make its shareholders filthier rich? Alas, since then things have gone south not only for HPQ stock but also for the company's buybacks activity and so Meg Whitman clearly needed to spend even more on buybacks. But where to get the money? Wait, here's an idea: lets fire another 30,000!How To Solve The Immigration Crisis Fast, Easy, & Cheap!
Submitted by Tyler Durden on 09/15/2015 - 23:30 No, we're not kidding. We can solve the immigration and refugee crises without more wars, without rounding people up like animals, and while boosting the GDP. It’s not hard. All you have to do is stop thinking inside the same old status quo. Here’s the plan...Traders Fear Second China State Entity Default As Aussie Leading Index Plunges, PBOC Devalues Yuan
Submitted by Tyler Durden on 09/15/2015 - 22:31 Chinese equity markets are holding modest 'bounce' gains after two days of carnage. After 3 days of stronger fixes PBOC devalued the Yuan but the Ministry of Finance made it clear that "devaluation is not aimed at boosting exports," which makes us wonder, is it aimed at selling Treasuries? No additional direct liquidity injections but anxiety grows as China National Erzhong Group Co. may miss an interest payment later this month after one of its creditors filed a restructuring request, putting it at risk of becoming the second state-owned company to default in the nation’s onshore bond market.
Former employees say United Nations is failing to protect those who report corruption, malpractice or sexual abuse
from The Guardian:
When a United Nations investigator reported the rape of a refugee in Sri Lanka, she did not expect the disclosure to force her into a decade-long legal battle with her employer.
Caroline Hunt-Matthes was ostracised and eventually ousted while on medical leave. She has still not secured redress after a decade fighting her case.
Her case was remarkable in duration but not in substance. Hunt-Matthes is by no means the first or only whistleblower to fall foul of the UN system. Indeed, her case highlights neatly one of the UN’s dirtiest secrets: that its staff are reluctant to report abuses or corruption within the organisation for fear of losing their jobs.
Read More
from The Guardian:
When a United Nations investigator reported the rape of a refugee in Sri Lanka, she did not expect the disclosure to force her into a decade-long legal battle with her employer.
Caroline Hunt-Matthes was ostracised and eventually ousted while on medical leave. She has still not secured redress after a decade fighting her case.
Her case was remarkable in duration but not in substance. Hunt-Matthes is by no means the first or only whistleblower to fall foul of the UN system. Indeed, her case highlights neatly one of the UN’s dirtiest secrets: that its staff are reluctant to report abuses or corruption within the organisation for fear of losing their jobs.
Read More
Governments Give Migrants A Disastrous Mix Of Social Welfare & Bureaucracy
Submitted by Tyler Durden on 09/15/2015 - 22:10 While influential voices like the Pope are correct that this is a travesty, the policies promoted by him and other government officials will only make this worse. Offering assistance to migrants by rescuing them when they become troubled or allowing migrants to remain without changing the underlying bureaucratic issue will only create greater incentives for more and more people to take the same dangerous routes. Risk compensation has to be considered — the greater the safety mechanisms in place, the more risky the behavior will become. Unfortunately, the current solutions presented by officials will likely result in boats even more overloaded with people and even greater numbers traversing dangerous jungle passes.Ron Paul: Congress Is 'Fiddling' While The Economy Burns
Submitted by Tyler Durden on 09/15/2015 - 21:25 Reports that the official unemployment rate has fallen to 5.1 percent may appear to vindicate the policies of easy money, corporate bailouts, and increased government spending. However, even the mainstream media has acknowledged that the official numbers understate the true unemployment rate. Disappointingly, but not surprisingly, few in Washington, DC acknowledge that America’s economic future is endangered by excessive spending, borrowing, taxing, and inflating. Instead, Congress continues to waste taxpayer money on futile attempts to run the economy, run our lives, and run the world.AsiaPac Quiet, Too Quiet: Aussie Leading Index Plunges, PBOC Devalues Yuan, & China's "$800,000 Dog" Bubble Bursts
Submitted by Tyler Durden on 09/15/2015 - 21:21 Following last night's double-disappointment - the absence of China's 'National Team' and the lack of moar from The BoJ, everything was not awesome when Asian markets closed. However, dismal US data has floated all boats on a sea of bad-news-is-good-news as the world holds its breath ahead of Thursday's Fedsplosion. China's weakness is spreading as Aussie Leading Index plunges most in 3 years. Trading volumes remain de minmus as 1300 hedge funds have liquidated in China in recent weeks (as the $800,000 Tibetan Mastiff bubble bursts). Tonight Japan opens with selling pressure ands China bouncing modestly higher, but it's quiet, too quiet. PBOC devalued Yuan for the first time in 4 days but one local Chinese trader opined confidently ahead of The Fed, "Mother PBOC is so worried there could be a liquidity problem that it will ensure abundant supply."Aussie Property Market Collapse Looms As Chinese Flee Amid Capital Controls
Submitted by Tyler Durden on 09/15/2015 - 21:00 Given the recent admission by the Australian Central Bank that property prices "have gone crazy," it appears new Chinese 'regulations' may just kill Australia's golden goose of 'weath creation' as Aussie's largest trade partner sees its economy collapse. While the Aussies themselves proclaimed a "war on cash," it appears, as AFR reports, that Chinese purchases of Australian property have dropped significantly in the past month, according to agents, as buyers struggle to shift money out of the country following Beijing's move to tighten capital controls. With Chinese banks now limiting any overseas transfer to USD50,000 - in an effort to control capital outflows - and with China dominating the Aussie housing market, one agent exclaimed, "it has affected 70 to 80 per cent of current transactions and some have already been suspended."Putin Accuses World Of "Using Terrorist Groups" To Destabilize Governments
Submitted by Tyler Durden on 09/15/2015 - 20:40 "Countries need to put aside geopolitical ambitions [and] direct or indirect use of terrorist groups to achieve goals that include regime change, in order to counter the threat of Islamic State. Elementary common sense responsibility for global and regional security demands the collective effort of the international community."How The Justice Department Is Actively Preventing Civil Asset Forfeiture Reform
Submitted by Tyler Durden on 09/15/2015 - 20:30 When we say that the rule of law is dead in America, we are not exaggerating. Civil asset forfeiture is one of the most unethical and barbaric practices routinely performed by law enforcement in these United States today. Naturally, the Department of Justice is doing everything it can to protect the practice.Explosive Allegation: Citigroup Leaked Central Bank Trading Activity
Submitted by Tyler Durden on 09/15/2015 - 20:22 "Our Investor Desk would comply with a weekly request from (a client) for details of Central Bank activity that Citi had transacted."Abenomics Explained (In 1 Chart & 4 Words)
Submitted by Tyler Durden on 09/15/2015 - 20:00 "It Does Not Work"How Our Energy Problems Lead To A Debt Collapse Problem
Submitted by Tyler Durden on 09/15/2015 - 19:30 Usually, we don’t stop to think about how the whole economy works together. A major reason is that we have been lacking data to see long-term relationships. What we are doing now is building debt to unsustainably high levels, thanks to today’s high cost of producing energy products. This can be turned around. To do so would require immediate production of huge quantities of incredibly cheap energy products - that is oil at less than $20 per barrel in 2014$, and other energy products with comparably cheap cost structures. Of course, such a low-price, high-growth scenario isn’t really sustainable in a finite world either.Presenting The Presidential Money Maps: Here's Where The Checks Come From
Submitted by Tyler Durden on 09/15/2015 - 19:00Bankers Will Be Jailed In The Next Financial Crisis
Submitted by Tyler Durden on 09/15/2015 - 18:30 "What became very quickly clear this year was the general sense of deep disgust and repugnance that was demonstrated towards the global banking industry. I can say with some degree of certainty now that a very large number of academics, law enforcement agencies, and financial compliance consultants are now joined, as one, in their total condemnation of significant elements of the global banking sector for their organised criminal activities. Many banks are widely identified now as nothing more than enterprise criminal organisations, who engage in widespread criminal practice and dishonest conduct as a matter of course and deliberate commercial policy."WTO's Stark Warning On Global Trade: "The Timing Belt On The Global Growth Engine Is Off"
Submitted by Tyler Durden on 09/15/2015 - 18:01 "It’s fairly obvious that we reached peak trade in 2007"...Separating Fed Delusion From Reality: The Environment Is Fraught With Risk
Submitted by Tyler Durden on 09/15/2015 - 17:30 The data continues to suggest that the Fed is contemplating actions inconsistent with those they have taken in the past. It is possible the Fed is motivated to increase interest rates to support the illusion that their higher interest rate projections and rosy economic forecasts are finally coming to fruition. It is incumbent upon investors to separate illusion from reality. Investing in such a misunderstood and distorted economic environment is fraught with risk especially for those failing to grasp this reality. While current Fed monetary policy is clearly unsustainable, the Fed runs the risk of severely damaging asset markets with any deviations from such policy.filed under (unt
New bombshell revelations prove Hillary is lying about her e-mails. She is a criminal, she is a TRAITOR. She need to be put in PRISON.
from Washington’s Blog:
In Part 1 of this article I discussed the catalyst spark which ignited this Fourth Turning and the seemingly delayed regeneracy. In Part 2 I will ponder possible Grey Champion prophet generation leaders who could arise during the regeneracy.
The nearly seven year reign of Barack Obama has resulted in furthering wealth inequality, in spite of his socialistic rhetoric. Notwithstanding his Nobel Peace Prize, military spending is at all-time highs and we are engaged in actual and proxy wars across the Middle East and in the Ukraine. Race relations have never been worse. Poverty levels have never been worse. Real median household income is lower than it was in 1989. Real hourly wages are at 50 year lows.
Read More
In Part 1 of this article I discussed the catalyst spark which ignited this Fourth Turning and the seemingly delayed regeneracy. In Part 2 I will ponder possible Grey Champion prophet generation leaders who could arise during the regeneracy.
The nearly seven year reign of Barack Obama has resulted in furthering wealth inequality, in spite of his socialistic rhetoric. Notwithstanding his Nobel Peace Prize, military spending is at all-time highs and we are engaged in actual and proxy wars across the Middle East and in the Ukraine. Race relations have never been worse. Poverty levels have never been worse. Real median household income is lower than it was in 1989. Real hourly wages are at 50 year lows.
Read More
from RTAmerica:
by Ambrose Evans-Pritchard, The Telegraph:
Emerging markets have accumulated $7.5 trillion of external debt and are acutely vulnerable to a rapid rise in US interest rates, regardless of whether they borrowed in dollars or their own currencies, Fitch Ratings has warned.
The credit agency said international markets are pricing in a much slower pace of US monetary tightening than the US Federal Reserve itself, risking a potential financial upset in East Asia, Latin America and Africa if Fed hawks refuse to bow to market pressure over the next two years.
Fitch said the Fed has signalled a rise in rates to 3.8pc beyond 2017 but investors simply refuse to believe that this will happen, with futures contracts implying rates of just 1.4pc over the same span – an unprecedented gap of 240 basis points, and one that is fraught with risk.
Read More
Emerging markets have accumulated $7.5 trillion of external debt and are acutely vulnerable to a rapid rise in US interest rates, regardless of whether they borrowed in dollars or their own currencies, Fitch Ratings has warned.
The credit agency said international markets are pricing in a much slower pace of US monetary tightening than the US Federal Reserve itself, risking a potential financial upset in East Asia, Latin America and Africa if Fed hawks refuse to bow to market pressure over the next two years.
Fitch said the Fed has signalled a rise in rates to 3.8pc beyond 2017 but investors simply refuse to believe that this will happen, with futures contracts implying rates of just 1.4pc over the same span – an unprecedented gap of 240 basis points, and one that is fraught with risk.
Read More
from Goldbrokercom:
Interview with John Butler (Author of “The Golden Revolution” – CEO of Amphora Capital) on:
1. China gold reserves 2. Russia backing Ruble with gold 3. SDR, China and gold 4. The gold standard
Interview with John Butler (Author of “The Golden Revolution” – CEO of Amphora Capital) on:
1. China gold reserves 2. Russia backing Ruble with gold 3. SDR, China and gold 4. The gold standard
[Ed. Note:
Canadian authorities aren’t releasing names of those arrested, but our
sources indicate that the masterminds were two very desperate, very well
known individuals whose past heists are well documented. Pictured.]
from Times Colonist:
MONTREAL – Authorities say they have recovered about one-third of the $10-million worth of silver stolen from the Port of Montreal last week.
Thieves made off with a truck in the city’s west end, drove it to the port and loaded a shipping container onto it. While the container was found empty on Saturday, the arrest of five men aged 35 to 53 as well as related raids allowed authorities to locate some of the booty.
Three of the five suspects were freed and will appear in court at a later date, while the two others were arraigned Thursday on charges of theft, conspiracy and trafficking in criminally obtained goods over $5,000.
Read More @ TimesColonist.com
from Times Colonist:
MONTREAL – Authorities say they have recovered about one-third of the $10-million worth of silver stolen from the Port of Montreal last week.
Thieves made off with a truck in the city’s west end, drove it to the port and loaded a shipping container onto it. While the container was found empty on Saturday, the arrest of five men aged 35 to 53 as well as related raids allowed authorities to locate some of the booty.
Three of the five suspects were freed and will appear in court at a later date, while the two others were arraigned Thursday on charges of theft, conspiracy and trafficking in criminally obtained goods over $5,000.
Read More @ TimesColonist.com
from WeAreChange:
from The Next News Network:
by Tim Brown, Freedom Outpost:
Just before the weekend, we learned that out of the fifty states, California, Texas and New York will be getting the largest dump of Muslim “refugees” coming from the Middle East. They are also unscreened Muslims as well. So, if you were wondering if a town near you was going to be a dumping ground for potential jihadists, we’ve got a complete list for you.
The Obama State Department has released a list of 190 cities in the United States that they will be releasing these unvetted and unscreened Muslim “refugees” into. Here’s the list:
Read More
Just before the weekend, we learned that out of the fifty states, California, Texas and New York will be getting the largest dump of Muslim “refugees” coming from the Middle East. They are also unscreened Muslims as well. So, if you were wondering if a town near you was going to be a dumping ground for potential jihadists, we’ve got a complete list for you.
The Obama State Department has released a list of 190 cities in the United States that they will be releasing these unvetted and unscreened Muslim “refugees” into. Here’s the list:
Read More
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