Submitted by Tyler Durden on 09/18/2015 - 23:45 The man who made a billion dollars on Black Monday sums up his strategy perfectly in this excellent FOX Business clip with the money-honey, "I'm a hedge fund manager that actually hedges for his clients. This is something of an old fashioned idea in this day of just gambling on the next Fed bailout." Spitznagel, who is wholly unapologetic in his criticism of The Fed (and any central planner), unleashes eight minutes of awful truthiness on what is going on under the surface of the so-called 'market', concluding ominously, "if August was scary for people, they ain't seen nothin’ yet."
"Blood In The Casino Like Never Before" - Riding ZIRP Into Monetary Central Planning's Dead End
Submitted by Tyler Durden on 09/19/2015 - 11:45 What the Fed really decided Thursday was to ride the zero-bound right smack into the next recession. When that calamity happens not too many months from now, the 28-year experiment in monetary central planning inaugurated by a desperate Alan Greenspan after Black Monday in October 1987 will come to an abrupt and merciful halt. Yellen and Co should be so lucky as to only face torches and pitch forks.
Clock Ticks On US Syria Strategy As Assad Pounds ISIS Targets, Russia Sends Fighter Jets
Submitted by Tyler Durden on 09/19/2015 - 09:57 For the second consecutive day, Bashar al-Assad pounded ISIS targets across Syria on Friday, serving notice that Russia's stepped up "technical" and "logistical" support may have turned the tide in the country's four-year civil war. With Moscow having called Washington's bluff, Obama instructs Defense Secretary Ashton Carter to liaise with the Russian military while in Tehran, Major General Qassem Soleimani lays bare America's ISIS strategy.filed under political liars, thieves and assholes...
Joe "Ridin' With" Biden Close To Announcing White House Bid, Aides Say
Submitted by Tyler Durden on 09/19/2015 - 12:30 "It’s my sense that this is happening, unless they change their minds"...
China's Latest Craze: Sperm For iPhone
Submitted by Tyler Durden on 09/19/2015 - 10:58 For China's middle class, whose dreams of market bubble riches just went up in a margin call, there is still hope to pretend to be richer than one's neighbor courtesy of a faux rose gold cell phone. The answer: a tablespoon of sperm. As Xinhua reports, "technophiles may not have to reach far to find the cash for Apple's latest model. According to an advertisement with the Shanghai Sperm Bank - all you have to do is donating." "No need to sell a kidney...Shanghai sperm bank can make your iPhone 6s dream come true," says the ad which has gone viral on China's most popular social networking app WeChat this week.
Deep State America
Submitted by Tyler Durden on 09/18/2015 - 22:25 Ordinary Americans frequently ask why politicians and government officials appear to be so obtuse, rarely recognizing what is actually occurring in the country. That is partly due to the fact that the political class lives in a bubble of its own creation, but it might also be because many of America’s leaders actually accept that there is an unelected, unappointed, and unaccountable presence within the system that actually manages what is taking place behind the scenes. That would be the American deep state. America’s deep state is completely corrupt: it exists to sell out the public interest, and includes both major political parties as well as government officials.
Never Say "Never"
Submitted by Tyler Durden on 09/18/2015 - 21:50 Never... is a long time.
It Begins: Australia's Largest Investment Bank Just Said "Helicopter Money" Is 12-18 Months Away
Submitted by Tyler Durden on 09/18/2015 - 21:30 "Instead of acting via bond markets and banking sector, why shouldn’t public sector bypass markets altogether and inject stimulus directly into the ‘blood stream’?... CBs directly monetizing Government spending and funding projects would do the same. Whilst ultimately it would lead to stagflation (UK, 70s) or deflation (China, today), it could provide strong initial boost to generate impression of recovery and sustainable business cycle... What is probability of the above policy shift? Low over next six months; very high over the longer term."
Yellen's "New" Mandate - Why We Are All Fed-Watchers Now
Submitted by Tyler Durden on 09/18/2015 - 21:15 Perception is everything in contemporary economics and the Fed is the center of perception; the medium has become the message. The truth is more this: the Fed no longer reacts to the waxing and waning of animal spirit-led demand. In the current monetary regime it exists to create and maintain animal spirits with a secular policy centered on ever-expanding credit, but it is very aware that admitting it’s centrality would defeat its purpose.
Janet Yellen's "Fedspeak" Translated
Submitted by Tyler Durden on 09/19/2015 - 13:15 For those of you who don’t want to take the time reading through the ponderous 7000-word transcript of yesterday’s FOMC press conference, we bring you the shorter Janet Yellen, translated from Fedspeak into plain English. Enjoy!
Interbank Credit Risk Soars To 3 Year Highs - Is This Why Janet Folded?
Submitted by Tyler Durden on 09/18/2015 - 20:40 Last week we warned of the ominously rising risks evident under the surface in US financials. Following Yellen's decision to chicken-out yesterday, it appears interbank counterparty risk is even ominous-er. With bank stocks prices tumbling, catching down to credit market's concerns, the TED Spread - implicitly measuring interbank credit risk - jumped over 21% yesterday - to its highest in 3 years.1. Get money out of politics
2. Re-impose the Glass-Steagall Act on banking
3. Close the tax loopholes exploited by corporations and the wealthy
But none of these reforms–or any of the other good-governance tweaks habitually promoted by left, right, center and Libertarian–can save the Status Quo. For what’s wrong with the Status Quo is systemic: tweaking rules and limiting excesses may make us feel like we’ve accomplished something useful, but that sense of accomplishment is illusory.
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from RT:
from Western Journalism:
In his second policy position paper, presidential candidate Donald Trump called for an expansion of gun rights in America.
In the document published on his campaign website, Trump stated: “The Second Amendment to our Constitution is clear. The right of the people to keep and bear Arms shall not be infringed upon. Period.”
He added: “It’s been said that the Second Amendment is America’s first freedom. That’s because the Right to Keep and Bear Arms protects all our other rights.”
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In his second policy position paper, presidential candidate Donald Trump called for an expansion of gun rights in America.In the document published on his campaign website, Trump stated: “The Second Amendment to our Constitution is clear. The right of the people to keep and bear Arms shall not be infringed upon. Period.”
He added: “It’s been said that the Second Amendment is America’s first freedom. That’s because the Right to Keep and Bear Arms protects all our other rights.”
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from The Silver Coin Investor Page:
from SilverDoctors:
With PMs surging this week, Fund Manager Dave Kranzler joins the show, discussing:
1. Gold and Silver Rally as Market Realizes Fed Can’t Raise Rates- Has a Momentum Shift Begun?
2. Readily Available? Kranzler States: “It took HSBC 7 Weeks Past Contractually Promised Date to Deliver a COMEX Silver Contract to Us!”
3. Kranzler Explains Why “Its all a Bluff”
4. Are the Bullion Bankers Intentionally Causing Retail Silver Shortag
from Spiro:
Extensive and destructive floods across eastern Japan have swept more than 700 bags containing Fukushima-contaminated soil and grass into Japan’s rivers, with many still unaccounted for and some spilling their radioactive content into the water system.
Extensive and destructive floods across eastern Japan have swept more than 700 bags containing Fukushima-contaminated soil and grass into Japan’s rivers, with many still unaccounted for and some spilling their radioactive content into the water system.
by Nick Turse, The Intercept:
It’s one of the most memorable scenes in Apocalypse Now. Martin Sheen’s Green Beret captain is being briefed on his mission to find Col. Walter Kurtz, played by Marlon Brando. “He’s out there operating without any decent restraint, totally beyond the pale of any acceptable human conduct,” a general tells the captain. A civilian spook then gives him a coded order: “Terminate with extreme prejudice.”
The line was no Hollywood creation but a euphemism that came to light in 1969, after a group of real Army Green Berets murdered a suspected Vietnamese double agent. The phrase, some of the soldiers said, was the CIA’s suggestion to them on dealing with the supposed turncoat.
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It’s one of the most memorable scenes in Apocalypse Now. Martin Sheen’s Green Beret captain is being briefed on his mission to find Col. Walter Kurtz, played by Marlon Brando. “He’s out there operating without any decent restraint, totally beyond the pale of any acceptable human conduct,” a general tells the captain. A civilian spook then gives him a coded order: “Terminate with extreme prejudice.”
The line was no Hollywood creation but a euphemism that came to light in 1969, after a group of real Army Green Berets murdered a suspected Vietnamese double agent. The phrase, some of the soldiers said, was the CIA’s suggestion to them on dealing with the supposed turncoat.
Read More
by Michael Noonan, Edge Trader Plus:
To almost all Americans mentioning Ufa will bring a blank response.
What is Ufa? None would ask, “Where is it?” for there has been no
mention of it anywhere in the mainstream media. Does Ufa matter? Yes,
but in this country it does not.
Here is a primer on understanding many acronyms the average American has no clue even of their existence. First of all, Ufa is not an acronym, it is the capital and administrative center of Bashkortostan Republic, Russia. It is one of the largest Russian cities with a population over one million people. It was founded in 1574. Now you know more than 99.9% of the average American, with just two sentences.
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To almost all Americans mentioning Ufa will bring a blank response.
What is Ufa? None would ask, “Where is it?” for there has been no
mention of it anywhere in the mainstream media. Does Ufa matter? Yes,
but in this country it does not.Here is a primer on understanding many acronyms the average American has no clue even of their existence. First of all, Ufa is not an acronym, it is the capital and administrative center of Bashkortostan Republic, Russia. It is one of the largest Russian cities with a population over one million people. It was founded in 1574. Now you know more than 99.9% of the average American, with just two sentences.
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from KingWorldNews:
Eric Sprott:
“In the bond market you have the two biggest buyers of bonds, China
and OPEC, now are sellers of bonds. Of course one of the thoughts that
I’ve had is that maybe the Fed wants the stock market down because they
need someone to come and buy bonds…
The Century’s Best Performing Asset
Eric Sprott continues: “We see China unloading $60 – $70 billion a month, and OPECs obviously got to sell with the oil price where it is. And other people have to liquidate to fund themselves.
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Eric Sprott:
“In the bond market you have the two biggest buyers of bonds, China
and OPEC, now are sellers of bonds. Of course one of the thoughts that
I’ve had is that maybe the Fed wants the stock market down because they
need someone to come and buy bonds…The Century’s Best Performing Asset
Eric Sprott continues: “We see China unloading $60 – $70 billion a month, and OPECs obviously got to sell with the oil price where it is. And other people have to liquidate to fund themselves.
Read More
from Smaulgld:
It was reported today
that the Central Bank of the Russian Federation announced its official
August 2015 reserve assets and other foreign currency assets report
indicating that its gold reserves had increased 1,000,000 ounces from its July 2015 report to 42.4 million ounces.
Since 2009 Russia has added more than 711 tons of gold to its reserves more than China who added (623 tons) during the same time period. The increase in August reserves was the most since March 2015 when Russia also added one million ounces of gold to its reserves.
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It was reported today
that the Central Bank of the Russian Federation announced its official
August 2015 reserve assets and other foreign currency assets report
indicating that its gold reserves had increased 1,000,000 ounces from its July 2015 report to 42.4 million ounces.Since 2009 Russia has added more than 711 tons of gold to its reserves more than China who added (623 tons) during the same time period. The increase in August reserves was the most since March 2015 when Russia also added one million ounces of gold to its reserves.
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from The Moscow Times:
Russia’s Trade and Industry Ministry has prepared legislation that
would ban the use of foreign currencies in commercial lease deals, the
Vedomosti business daily reported last week.
The amendments to the Civil Code would put tenants and property owners on an equal footing amid ruble fluctuations, Deputy Trade and Industry Minister Viktor Yevtukhov told Vedomosti.
Most owners of shopping centers and other retail properties protect themselves from currency shocks by setting rental rates in dollars or euros, Yevtukhov said. Tenants paying in foreign currencies have been badly hit over the last year as the Russian currency has collapsed on the back of low oil prices and Western sanctions on Russia over the Ukraine crisis.
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Russia’s Trade and Industry Ministry has prepared legislation that
would ban the use of foreign currencies in commercial lease deals, the
Vedomosti business daily reported last week.The amendments to the Civil Code would put tenants and property owners on an equal footing amid ruble fluctuations, Deputy Trade and Industry Minister Viktor Yevtukhov told Vedomosti.
Most owners of shopping centers and other retail properties protect themselves from currency shocks by setting rental rates in dollars or euros, Yevtukhov said. Tenants paying in foreign currencies have been badly hit over the last year as the Russian currency has collapsed on the back of low oil prices and Western sanctions on Russia over the Ukraine crisis.
Read More
“Let me assure you, if the revenue environment weakens or
interest-rate structures don’t move up and the economy slows down, we’ll
have to take out more costs,” Bank of America CEO Brian Moynihan said
on Thursday at the Barclays Global Financial Services Conference. And
that would mean more job cuts.BofA is famous for whittling down its headcount in recent years. In Moynihan’s 25-slide presentation, there was this chart that shows just how skillfully he has trimmed down his workforce, chopping it by 25% overall since the second quarter of 2011:
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True Humanity – or Transhuman Singularity and Gene Genocide?“We are confronted here and now with this ultra manipulative, parasitic force trying to worm its way into the very foundations of life itself – to forever corrupt its essence.”
We individuals are here on this planet as sentient, living beings, having the capacity to love, create, empathise and be joyous. But these qualities are increasingly the object of a covert – if not overt – programme of systematic sterilization and attempted eradication.
There’s a war on. Not just the continuous fabricated war between nations and peoples – but a war to alter the very DNA of the human race and to thereby render homo sapiens a slave race, responding only to a computerised command system.
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from Market Watch:
Bit by bit, bitcoin is gaining in legitimacy. Each passing year has
seen the digital currency, which has come to be associated with
clandestine transactions and shady operators, garnering more credibility
in the world of finance.Now, the so-called cryptocurrency has achieved another mark of distinction by beingdesignated a commodity by the Commodity Futures Trading Commission, or CFTC.
This move further affirms bitcoin’s street cred, theoretically, putting it on equal footing with physical commodities like gold, silver, and oil, as well as complex derivatives. Part of the effort to regulate the bitcoin market is to protect investors against dodgy dealing.
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from X22Report:
by Christina Sarich, Natural Society:
The US Appeals Court has ruled that federal regulators should never have approved an insecticide that is harmful to pollinators, like bees. In this unprecedented ruling, it was found that the EPA used flawed and limited data. This heralds a changing tide which will finally hold the biotech industry and industrial agriculture accountable for the mass die-offs of our pollinators.
The insecticide in question is sulfoxaflor, marketed under the brand names Transform and Closer. Farmers will have to immediately stop using it, unless and until the Environmental Protection Agency obtains more evidence regarding its effects on honeybees. Only then will the EPA be allowed to decide if it can re-approve the chemical for use on crops.
Read More
The US Appeals Court has ruled that federal regulators should never have approved an insecticide that is harmful to pollinators, like bees. In this unprecedented ruling, it was found that the EPA used flawed and limited data. This heralds a changing tide which will finally hold the biotech industry and industrial agriculture accountable for the mass die-offs of our pollinators.
The insecticide in question is sulfoxaflor, marketed under the brand names Transform and Closer. Farmers will have to immediately stop using it, unless and until the Environmental Protection Agency obtains more evidence regarding its effects on honeybees. Only then will the EPA be allowed to decide if it can re-approve the chemical for use on crops.
Read More
from RTAmerica:
by John Vibes, Activist Post:
In 2009, President Barack Obama received the Nobel Peace Prize before he was even able to prove that he was worthy of it. Once Obama got into office, however, he continued the wars started by Bush and even instigated a few of his own, proving himself to be just as much of a warmongering president as Bush was, if not worse.
Just two years after receiving the prize for being the most peace-promoting person in the world, Obama murdered a US citizen and child with a drone. On October 14, 2011, American teen, Abdul Anwar al-Awlaki was killed as he ate dinner by a CIA drone strike, ordered by Obama.
While he wasn’t murdering American children, Obama was invading Libya and laying waste to their innocent civilians. A Human Rights Watch report would go on to detail eight incidents where at least 72 Libyan civilians died as a result of the aerial campaign.
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In 2009, President Barack Obama received the Nobel Peace Prize before he was even able to prove that he was worthy of it. Once Obama got into office, however, he continued the wars started by Bush and even instigated a few of his own, proving himself to be just as much of a warmongering president as Bush was, if not worse.
Just two years after receiving the prize for being the most peace-promoting person in the world, Obama murdered a US citizen and child with a drone. On October 14, 2011, American teen, Abdul Anwar al-Awlaki was killed as he ate dinner by a CIA drone strike, ordered by Obama.
While he wasn’t murdering American children, Obama was invading Libya and laying waste to their innocent civilians. A Human Rights Watch report would go on to detail eight incidents where at least 72 Libyan civilians died as a result of the aerial campaign.
Read More
by Mac Slavo, SHTFPlan:
In
2005 then-Governor of Arizona Janet Napolitano famously said that
building a wall on the southern border of the United States to stem the
flow of illegal immigration would be ineffective. “You show me a 50-foot wall and I’ll show you a 51-foot ladder at the border. That’s the way the border works,” she argued.
That deep seeded focus on domestic security was apparently enough for President Obama to eventually appoint her as head of the Department of Homeland Security, overseeing the safety of the American people.
An actual wall designed to keep unknown individuals and potential terrorists out of the country, however, was never part of the security infrastructure and was never effectively implemented in the years following.
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In
2005 then-Governor of Arizona Janet Napolitano famously said that
building a wall on the southern border of the United States to stem the
flow of illegal immigration would be ineffective. “You show me a 50-foot wall and I’ll show you a 51-foot ladder at the border. That’s the way the border works,” she argued.That deep seeded focus on domestic security was apparently enough for President Obama to eventually appoint her as head of the Department of Homeland Security, overseeing the safety of the American people.
An actual wall designed to keep unknown individuals and potential terrorists out of the country, however, was never part of the security infrastructure and was never effectively implemented in the years following.
Read More
by Terence P. Jeffrey, CNSnews:
The U.S. House of Representatives voted 248 to 177
on Friday afternoon to approve a bill that would give a born baby who
survives an abortion the same protection under the law as “any person
who comes to a hospital, clinic, or other facility for screening and
treatment or otherwise becomes a patient within its care.”
Under the bill, the Congressional Research Service explained in its official summary of the legislation, “An individual who commits an overt act that kills a child born alive is subject to criminal prosecution for murder.”
The bill would also “require any health care practitioner who is present when a child is born alive following an abortion or attempted abortion to: (1) exercise the same degree of care as reasonably provided to any other child born alive at the same gestational age, and (2) ensure that such child is immediately admitted to a hospital.”
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The U.S. House of Representatives voted 248 to 177
on Friday afternoon to approve a bill that would give a born baby who
survives an abortion the same protection under the law as “any person
who comes to a hospital, clinic, or other facility for screening and
treatment or otherwise becomes a patient within its care.”
Under the bill, the Congressional Research Service explained in its official summary of the legislation, “An individual who commits an overt act that kills a child born alive is subject to criminal prosecution for murder.”
The bill would also “require any health care practitioner who is present when a child is born alive following an abortion or attempted abortion to: (1) exercise the same degree of care as reasonably provided to any other child born alive at the same gestational age, and (2) ensure that such child is immediately admitted to a hospital.”
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