Government Propaganda Increasing As The Global Financial System Begins To Disintegrate

from KingWorldNews:
On the heels of continued chaos in global markets as the Dow plunged 470 points, today a 50-year market veteran warned King World News that Western government propaganda is increasing as the global financial system begins to disintegrate. He also discussed major markets as well as gold, silver and oil.
John Embry: “Things have proceeded much as I have expected. After the Plunge Protection Team absorbed the initial blows in the U.S. stock market on Friday, August 21, and then Monday last week, they returned to the fray with a vengeance….
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Meanwhile, In Sweden, Banks Are Refusing To Open Savings Accounts

"I think it's pretty bad style"...

Putin Targets US Monetary System: "Aims To Eliminate US Dollar From Trade"

Submitted by Tyler Durden on 09/02/2015 - 11:48 Something is afoot as de-dollarization escalates around the world. With CNY/RUB trading volumes up a stunning 400% year-over-year to record highs, and hot on the heels of China's (and much of EM Asia) dumping dollar assets, Russian President Vladimir Putin has just unleashed a new bill aiming to completely eliminate the US dollar from the trade of goods.

Putin Pushes to Dump the Dollar

by Joshua Krause, The Daily Sheeple:

Over the past week it was revealed that China is gradually dumping billions of dollars in US treasuries. Truth be told though, China isn’t the only country interested in unhinging itself from the dollar system. The global currency war has begun in earnest, and now Russia is getting in on the action.
Putin recently announced that he was drafting a bill that would remove the dollar and the euro from trade agreements between Russia’s closest trading partners in the CIS. The CIS is a regional association of former Soviet States, which includes Russia, Armenia, Belarus, Kazakhistan, Uzbekistan, Tajikistan, Moldova, Kyrgyzstan, and Azerbaijan. By creating a single marketplace between all of these countries, it would, according to the Kremlin “help expand the use of national currencies in foreign trade payments and financial services and thus create preconditions for greater liquidity of domestic currency markets.”
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The Beginning Of The End For Glencore, And How To Trade It

Submitted by Tyler Durden on 09/02/2015 - 14:14 Earlier today, Glencore stock plunged to a new all time low, after crashing nearly 20% in the past two days as investors with rose-colored glasses finally appreciate the dire reality facing the global miner. However, the best way to trade the beginning of the end for Glencore is not using stock at all.

Perfect Storm Of Worldwide PMI Slippage

Submitted by Tyler Durden on 09/02/2015 - 13:57 Given “highly accommodative” policy almost everywhere, and so little gained; it isn’t a good sign particularly after eight incessant years of it and the lagged effects from the renewed “dollar” wave still to be withstood. Every year was supposed to be “the year”, but 2015 was a surefire lock according to orthodox versions. The real difference, unlike past years, is that everything is going wrong so far just as predicted by the “strong dollar.”

The Value Of "Experts"

Submitted by Tyler Durden on 09/02/2015 - 13:31 Then - "We will not have any more crashes in our time." – John Maynard Keynes (1927)
Now - "Ambarella, GoPro & FitBit are headed higher" - Jim Cramer (7/22)

Exposing The Lie Behind The "Strong Jobs Recovery" In One Chart

Submitted by Tyler Durden on 09/02/2015 - 13:12 With all eyes glued to Friday's payrolls report, we thought it worth reiterating some 'facts' about US employment data. As ECRI notes, the sustained decline in the official jobless rate – now approaching the Fed’s estimate of “full employment” – is a misleading indicator of labor market slack. The data shows that the so-called jobs recovery has been spearheaded by cheap labor, with job gains going disproportionately to the least educated — and lowest-paid — workers. This is scarcely a good basis for resilient consumer spending driven by “solid” job growth that the consensus – including the Fed – is banking on.

And The Options Market Breaks (Again)

Submitted by Tyler Durden on 09/02/2015 - 13:00 With Crude ramping, dragging stocks with it (as USDJPY is dead now) but not really gaining much ground, it was only a matter of time before the manipulators turned to their oldest-trick-in-the-book:
*NASDAQ, NYSE EXCHANGES DECLARE SELF-HELP AGAINST CBOE
VIX is gapping lower... Mission Accomplished

Give All Refugees A Free Ticket To Brussels

Submitted by Tyler Durden on 09/02/2015 - 12:35 The Italian, Hungarian, Greek etc. governments should issue rail tickets from their countries to Brussels and tell the refugees that that’s where the European capital is, and to apply there for visas, asylum, and everything else. Let’s see how Brussels deals with 50,000 -100,000 people in its streets and parks, with more coming every day, while the whole world is watching live on a hundred new channels. Brussels lives by the adage of divide and rule. And that serves only the bureaucrats that inhabit the institution. Not the refugees, and not the people of Europe.

China Scrambles To Enforce Capital Controls (Which Is Great News For Bitcoin)

Submitted by Tyler Durden on 09/02/2015 - 12:11 "China is imposing fresh controls to prevent too much money from leaving the country, in an effort to keep badly needed funds at home to battle a deepening slowdown in the world’s No. 2 economy." This is undsiputedly bad news for China, but Blythe Masters would be the first to admit, escalating Chinese capital controls would be just the thing bitcoin needs to surge, and surpass, it previous all time highs...



filed under (unt

Hillary "Favorability" Nears All-Time Low

Submitted by Tyler Durden on 09/02/2015 - 11:32 Americans' views on Democratic front-runner Hillary Clinton have gone under water, nearing an all-time low in ABC News/Washington Post polling. Favorability taps into a public figure’s basic overall image, with as Langer Research details, a negative score indicating thin ice. This last few weeks has seen Hillary Clinton's poll numbers indicate she is on thinner and thinner ice. Clinton’s favorability has been especially uneven, from as high as 67 percent favorable during her tenure as secretary of state to as low as 44 percent in spring 2008 and 45 percent now. Perhaps most worrying for her 'people' is the fact that Clinton was somewhat better rated at roughly this time in the 2008 cycle. It seems #BlackLiesMatter after all.

Reporter Makes Bombshell Announcement About Hillary’s Newly Released Emails

from Western Journalism:
Veteran reporter Sharyl Attkisson contends the latest batch of emails from former Secretary of State Hillary Clinton’s private server, released by the U.S. State Department, proves that the “law has been blatantly violated.”
The State Department Monday released over 7,000 emails as part of a court order from a federal judge. More than 25 percent of the Democratic presidential candidate’s emails have been disclosed.
Attkisson wrote the following on her personal website Tuesday after the emails were released:
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The US Economy Is Not Awesome And It's Not Decoupled

When the bubble vision stock peddlers get desperate, they talk decoupling. So by the end of yesterday’s bloodbath you would have thought China was on another planet, and that “commodities” were some trinket-like collectibles gathered by people who don’t wear long pants, drink coca cola or jabber on their cell phones. On these fine shores, of course, its all awesome from sea to shinning sea. So don’t be troubled. Buy the dip.

To Citi, "The Failure Of ECB QE Looks Clear" And The Global Reserve Unwind Will Only Make It Worse

Submitted by Tyler Durden on 09/02/2015 - 10:50 Mario Draghi and the ECB have a habit of patting themselves on the back when it comes to what they imagine the happy outcomes of their monetary policy decisions have been. In fact, they have a habit of congratulating themselves on positive outcomes even before said outcomes have been observed or have even had time to play out. This time around unfortunately, "the failure looks clear."

Oil Triple Whammy: Inventory Build, Iran Nuke Deal Has Votes, & China Gives Venezuela $5 Billion Loan

Submitted by Tyler Durden on 09/02/2015 - 10:38 Following last night's epic inventory build., according to API, DOE has reported a 4.7mm barrel build but US crude production pluinged 1.4% (lowest since March). However, ths oil complexc has been hit by two other 'issues' this morning as Obama captures the votes he needs to confirm the Iran nuclear deal (guaranteeing more oil supply) and China encumbers more Venezuelan oil ($5bn loan) allowing them to keep pumping at below-cost levels. The reaction for now is notable selling pressure...

Just When You Thought It Couldn't Get Worse For Brazil...

Submitted by Tyler Durden on 09/02/2015 - 10:20 After last Friday’s GDP print which confirmed that Brazil slid into recession during Q2 - a quarter in which Brazilians suffered through the worst inflation-growth outcome in at least a decade - and after July’s budget data which confirmed that the country’s fiscal situation is a veritable nightmare, we got a look at industrial production today and boy, oh boy was it bad. So bad in fact, that it missed even the lowest analyst estimate.

US Recession Looms As Factory Orders Plunge 9th Month In A Row

Submitted by Tyler Durden on 09/02/2015 - 10:09 US Manufacturers saw new orders rise at a modest 0.4% in July (missing expectations of a 0.9%). However, year-over-year Factory Orders crashed 14.7% (thanks in large part to last year's Boeing order dropping out of the cycle). But even ex-Transports, New orders tumbled 0.6% in July and plunged 6.9% YoY. This is the 9th month in a row of YoY drops and is without doubt signalling an imminent US recession...


Think this could Never happen in Murica...Think again...

COLLAPSE: Food Crisis in Venezuela

from Operacion Libertad Venezuela:

Please help share to the world because unless the international community takes action, there may be a regime-induced famine in Venezuela. hat tip: jsnip4

Putin Pushes to Dump the Dollar

by Joshua Krause, The Daily Sheeple:

Over the past week it was revealed that China is gradually dumping billions of dollars in US treasuries. Truth be told though, China isn’t the only country interested in unhinging itself from the dollar system. The global currency war has begun in earnest, and now Russia is getting in on the action.
Putin recently announced that he was drafting a bill that would remove the dollar and the euro from trade agreements between Russia’s closest trading partners in the CIS. The CIS is a regional association of former Soviet States, which includes Russia, Armenia, Belarus, Kazakhistan, Uzbekistan, Tajikistan, Moldova, Kyrgyzstan, and Azerbaijan. By creating a single marketplace between all of these countries, it would, according to the Kremlin “help expand the use of national currencies in foreign trade payments and financial services and thus create preconditions for greater liquidity of domestic currency markets.”
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Unprecedented Stimulus & Dow 20,000 Ahead | Fabian Calvo

from financeandliberty:

Why Preppers Need to Focus on Local Food for Self-Reliance

by Daisy Luther, The Organic Prepper:

Years ago, I was reading the book Surviving the Apocalypse in the Suburbs. (Great book that I highly recommend!) The premise of the book is that our future economic woes will be based on the scarcity of oil.
The author, Wendy Brown, makes an excellent case regarding our dependency on oil, but the thing that really stood out in my mind was how she had changed her family’s diet well in advance of this economic crisis. She focused her efforts on local food for self-reliance in the long run.
She discussed at length the fact that on her suburban property, in her particular climate, there were things she could produce, and things she could not. Taking it a step further, there were many things that were not available within a 100 miles of her area.
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George Soros Public Enemy Number One

from TheAlexJonesChannel:

Misguided Calls For More QE

from The Sleuth Journal:
Former US Treasury Secretary Larry Summers and other US financial community members urge more money printing madness – duplicitously suggesting current market turmoil conditions warrant it.
Reckless monetary policy instituted by the Fed and other major central banks bears full responsibility for what’s unfolding – how severe for how long remains to be seen. More on what Summers said below.
Three rounds of Fed quantitative easing (QE) did nothing to create jobs or put money in the pockets of ordinary people who spend it, generate economic growth and create a virtuous circle of prosperity lifting all boats equitably.
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