The Global Economy is Imploding – Michael Pento

from USA Watchdog:

Money manager Michael Pento thinks the global economy is terrible.
So, will the Fed still raise rates soon? Pento contends, “The global currency situation will actually go into hyper-drive if the Fed follows through and goes on this protracted rate hiking campaign. Wall Street is a myriad and plethora of myths. . . . One myth that is out there today is the Federal Reserve may go and do a ‘one and done’ rate hike. Where has that ever been done before? Previous rate hikes have been about 300 basis points (or 3%). The last one was 425 basis points. . . . The Fed wants to be at 1.6% by the end of 2016. The only reason why they won’t get there, and I don’t think they ever will get there, is if the global economy continues to collapse. By the way, that is exactly what is happening. The global economy is imploding. Our clueless and feckless Federal Reserve is fighting inflation. . . . There is one area of inflation and that is asset prices. That’s where all the inflation has gone. The real battle is the global collapse of commodities. Commodity prices are at panic lows and even lower. We are having a global implosion of growth because China is no longer a sustainable communist regime.”

"It Looks To Me Like A Bubble Again", Shiller Warns On US Stocks

Submitted by Tyler Durden on 09/14/2015 - 11:20 "It looks to me a bit like a bubble again with essentially a tripling of stock prices since 2009 in just six years and at the same time people losing confidence in the valuation of the market."

US Equities Give Up Friday 'Panic-Buying' Close Gains

Submitted by Tyler Durden on 09/14/2015 - 10:03 A disappointing lack of massive monetary manipulation in China overnight (despite terrible data), has helped provide some impetus to the downside in stocks as the major US indices have now given up the gains in the melt-up from Friday's close...

Behold The European Recovery: Deutsche Bank To Fire 25% Of All Workers

Submitted by Tyler Durden on 09/14/2015 - 10:19 As Reuters reports, "Deutsche Bank aims to cut roughly 23,000 jobs, or about one quarter of total staff, through layoffs mainly in technology activities and by spinning off its PostBank division, financial sources said on Monday."

HISTORIC NEWS: Finally, EU Breaks Away from U.S.

from Washington’s Blog:
On Saturday, September 12th, United Kingdom’s Labour Party elected as its leader and their candidate to lead the UK, Jeremy Corbyn, who has been the most vocal British critic of the UK’s serving as the lap-dog of an aggressive imperialistic United States of America.
Simultaneously, the leader of German Chancellor Angela Merkel’s own Christian Social Union Party, Horst Seehofer, a man who, prior to his being appointed to be the Party-chief had been Chancellor Merkel’s Agriculture Minister, has now turned against Chancellor Merkel (who until now was the most powerful leader in all of Europe) and denounced her policy on the refugee crisis, and has now stated publicly that Germany should instead ally with Russia and against NATO on the entire Syrian war.
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Systemic Meltdown is Imminent Brace for Impact! Pt2

from Prepper Recon:

Current Economic Collapse News Brief

from X22Report:

The Duty of the Military in a Militarized Empire

“He who joyfully marches to music in rank and file has already earned my contempt. He has been given a large brain by mistake, since for him the spinal cord would surely suffice.” – Albert Einstein
from BATR:
Those who serve in the military are in a difficult position. The oath taken by enlistees states, “I, do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; and that I will obey the orders of the President of the United States and the orders of the officers appointed over me, according to regulations and the Uniform Code of Military Justice. So help me God.” The internal conflict between supporting and defending the Constitution and obeying orders is at the heart of the dilemma of honor and duty. Those who accept that the Presidential chain of command is by nature constitutional; lack a proper understanding of history and professes an even greater ignorance of current affairs.
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In This Globally Interconnected Economy, "Nobody Wins" If Fed Hikes Rates

Submitted by Tyler Durden on 09/14/2015 - 10:59 The USD strengthening since last July is the core driver of the global recession. Is the Fed insane enough to deepen the global recession by raising rates and pushing the U.S. dollar even higher? Who wins if the USD strengthens due to the Fed raising rates? In a globally interconnected economy, nobody wins.

Telegraph Calls UK's New Shadow Chancellor "Nutjob", Promptly Retracts

Submitted by Tyler Durden on 09/14/2015 - 10:41 The UK Labor Party's new leader Jeremy Corbyn has, rather unsurprisingly, is making controversial headlines already. His appointment of John McDonnell - an outspoken opponent to the independence of central banks: "in the first week of a Labour government, democratic control of the major economic decisions would be restored by ending the Bank of England’s control over interest rates," - as shadow chancellor has been met with derision in the British press. Initially described as a "nutjob" by The Telegraph, McDonnell's 'plan' to close the deficit is simple - instead of cutting spending, he will dramatically raise taxes on businesses and the rich. The Telegraph then watered-down their perspective, we think, slamming McDonnell's policy as "cloud cuckoo land economics."
 

Stunning Video Emerges As 1000s Flee California Wildfires After Governor Calls 'State Of Emergency'

Submitted by Tyler Durden on 09/14/2015 - 08:58 As if the drought was not disheartening enough, wildfires are now raging across many parts of northen and southern California focing Governor Jerry Brown to call a state of emergency. Nowhere is the crisis more evident than in NorCal's Lake County where, as The LA Times reports, the untamed wildfire forced chaotic evacuations, is consuming hundreds of homes and businesses, and has outrun the efforts of a growing army of firefighters to corral it. However, as the following clip shows, one car-driver ran the gauntlet and managed to outrun "the worst tragedy Lake County has ever seen," in a scene right out of a disaster movie.

Europe Approves "Military Action" Against Refugee Smugglers As Germany Warns 1 Million Coming

Submitted by Tyler Durden on 09/14/2015 - 10:04 Europe's refugee crisis is getting worse by the day. Less than 24 hours after Germany announced it would impose border controls with Austria, followed promptly by the Czech Republic, Slovenia and now the Netherlands, German vice chancellor Sigmar Gabriel predicted that as many as 1 million refugees may arrive by the end of the year as other nations moved to fortify their frontiers. In the meantime, however, Europe is dramatically escalating measures to halt the influx and as AFP reported earlier today, the European Union has now approved military action against human traffickers in the Mediterranean Sea.

WTI Tumbles To $43 Handle As Iran 'Price Cut' Sparks Supply Surge

Submitted by Tyler Durden on 09/14/2015 - 09:45 Having traded above $46 on Friday, WTI Crude is back to a $43 handle as it appears Iran's price cut, as we detailed here, sparked demand from China and India driving up Iran exports to 1 million barrels per day.

Key Events In The Coming "Most Important FOMC Decision Ever" Week

Submitted by Tyler Durden on 09/14/2015 - 09:36 The title does give it away: the only event that everyone will be focusing on this week will be the Fed's announcement and Yellen's press conference on Thursday. Here is what else is on deck.

"There's Just No Cash" Oil Price Increase Will Not Come Fast Enough To Save Alberta

Submitted by Tyler Durden on 09/14/2015 - 09:23 Bankers and borrowers have kicked the can down the road about as far as they can as more oilfield service (OFS) and exploration and production (E&P) companies default on their loans and seek more relief on lending covenants. While a significant oil price increase to lift all the sinking boats will surely come, it won’t happen soon enough. More of the same won’t work. Oil industry debt is everyday news. But the discussion is about the symptoms, not the ailment.

EM FX Bloodbath Continues As Lira Slides To New Low, Tenge Plunges

Submitted by Tyler Durden on 09/14/2015 - 08:41 The EM FX carnage continues unabated heading into the FOMC as the Kazakh tenge plunges for a seventh consecutive day and the beleaguered Turkish lira slides to a new low as an obstinate central bank and an extraordinarily unstable political situation conspire to undermine confidence ahead of elections scheduled for November 1.

Australia Has A New Prime Minister: Ex-Goldman Partner Turnbull Overthrows Tony Abbott

Submitted by Tyler Durden on 09/14/2015 - 08:15 TURNBULL WINS PARTY BALLOT TO BECOME AUSTRALIAN PRIME MINISTER

To JPM, Both A Rate Hike And A Delay Would Be Bullish For Stocks

Submitted by Tyler Durden on 09/14/2015 - 07:55 "The eagerly awaited Fed meeting is upon us. Regardless of the actual decision, we suggest that the market impact could end up being positive. If the Fed does raise rates, but at the same time reassures the market that this will be a gradual process, it would be received well. If, on the other hand, the Fed delays the move, this could be interpreted as a signal that the Fed is aware of and is responding to recent market concerns." - JPM

Futures Fade Early Euphoria After Chinese Stocks Resume Slide

Submitted by Tyler Durden on 09/14/2015 - 06:52 While any moves in the US stock market ahead of Thursday are largely irrelevant, as only Yellen's statement in 4 days will unleash epic algo buying or short covering (yes, according to JPM the Fed statement is bullish no matter what), it is what happened in China that is concerning, because while we had expected Chinese stocks to go nowhere in particular now that index future trading volumes have plunged by 99% or perhaps rise on hopes of even more easing after the latest terrible economic data, the Shanghai Composite dropped 2.7%, but it was the retail darling Shenzhen Composite which tumbled 6.7% - its worst selloff since August 25, while China's Nasdaq, the ChiNext crashed -7.5%.

THESE TWO AMERICAN TRAITORS WANT ‘SYRIAN REFUGEES’ IN THE U.S. — CAN YOU SAY, “ISIS IN AMERICA”?

from grindall61:

Obama Admin. Resettling Refugees in Republican States

by Kit Daniels, Prison Planet:
Of the 19 states that took in the most refugees per capita in 2013 and 2014, 15 have upper house legislatures dominated by Republicans, a percentage of nearly 80%.
In comparison, only three of the 19 states are Democratic and another state, Nebraska, has a nonpartisan legislature but is considered a ‘red state’ in presidential elections.
Overall, Republican-controlled states (upper house majorities) represent 62% of the country but 79% of the top states for refugees whereas Democratic-controlled states represent 24% of the country but only 16% of the states taking in the most migrants.
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A Refugee Crisis Made In America

Submitted by Tyler Durden on 09/13/2015 - 22:40 We Americans are in something approaching complete denial about how truly horrible our nation’s recent impact on the rest of the world has been. We are universally hated, even by those who have their hands out to receive their Danegeld, and the world is undoubtedly shaking its head as it listens to the bile coming out of the mouths of our presidential candidates. Shakespeare observed that the “evil that men do lives after them,” but he had no experience of the United States.

The Fake European Refugee Crisis

from The Wealth Watchman:

Never Let a Good Crisis Go to Waste

Well friends, DC’s war on the Christian-friendly Assad regime, in Syria, has continued unabated. While Russia seems to be stepping in to stop U.S. puppet-terror organizations like ISIS from carving up the remaining parts of ancient Syria, the damage has been done.  Since the destructive war began, millions of people within Syria have been displaced, and have fled to other areas.
However,  I write what I write today to demonstrate that the current “European Migrant Crisis” is an utter fabrication, completely contrived, and totally preventable.  For starters though, I wish to show you a map that illustrates this point in an unbelievably powerful way.
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9/11 Memory: Fascism & Gold

by Jim Willie, GoldSeek:
The ultimate patriotic act is to invest the life savings in Gold & Silver, which does honor to real money, shows disdain for paper merchants who rule the central banks, and forces nations to put forth honest sound money in usage. It is important to recall the 9/11 event, however based in reality, not the official story. Honor should be given to the 2500 victims of the mass murder event. The official story makes far less sense than the Kennedy assassination, while the two events appear to be front and back bookends of the same Fascist takeover of the United States Govt. The Patriot Act was a fascist manifesto, much like the Enabling Act installed in Germany over seven decades ago. The two acts have a 90% correlation and overlap, yet the American public remains largely in the dark on the similarity in template. The USCongress passed the controversial Patriot Act, which has totally opposite direction to patriotism, under threat of anthrax in their ventilation system (rumored to be engineered by the FBI). The creation of the Homeland Security Agency should ring loud gongs about the Gestapo similarities. That the US & London & Swiss bankers are fascists with roots to 1930 fascists should also be brought to public attention. The US bankers on Wall Street actually had loans extended to the German Nazis, a fact the public seems to overlook. Operation Paperclip, which opened the US gates to the several hundred bankers, scientists, and industrial captains should have been a wakeup call to Americans, but they remain asleep. Imagine a nation that makes a mockery of citizens seeking the truth on the event, calling them disparagingly the Truthers. Recall that truth is the enemy of fascist regimes, and the early victim of any war.
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Forget the Greek Crisis, Immigration Will Divide Europe Against Itself

by Steve Saville, Mises:
Europe has complex immigration rules. As the EU web site shows, there are multiple layers of immigration regulations encompassing both the local national level and the EU level.
But, as the recent influx of refugees and economic migrants has shown, the EU government is able to flex its muscle in an ad hoc fashion in the service of compelling member states to accept the migrants and refugees. The “quota plan” being forwarded by the EU government would divide up migrants and refugees among the EU member states, and, of course, over time, these migrants would qualify for those member states’ taxpayer funded public benefits. In Germany, for example, officials “estimate that as many as 460,000 more people could be entitled [next year] to social benefits.”
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2 Weeks Later – Virginia Shooting Hoax Completely Vanished From Mainstream Media

by Jay Syrmopoulos, Activist Post:
Throughout alternative media over the last few years many people have written about what to look for in a false flag. Many including yours truly have outlined steps to look for when trying to diagnose the next government false flag. Many of us have a good grasp on what to look for. Let’s review some of these common trends:
1 – Police, military or federal agency “drills” are almost always going on at about the same time of the staged event.
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What the Hell is the US Mission in Syria? Perverse Wisdom

from Global Economic Analysis:
Now that the US has destabilized Iraq and Syria, and a four-way battle over both countries is underway, I have a simple question: What the hell is the mission?
In Iraq, Isis, the Kurds, the Shia, and the Sunni all fight for portions of the country. In Syria, there are pro-Assad forces, Al-Qaeda rebels, and Isis fighting over a badly splintered country.
The US backs Syrian Al Qaeda rebels (many of whom eventually defect to Isis).
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A Worrying Development for Stock Market Bulls

from Wolf Street:
Yes, it seems to be coming. Our friend and longtime Bonner & Partners Family Office member Hense Ellis summarizes:
A new global recession has begun. The collapse in commodity prices and the slump in the emerging market economies will inevitably lead to a sharp drop in global investment and a new surge in unemployment. Moreover, the recent stock market selloff is making matters much worse by creating a negative wealth effect that will cause consumption to fall.
Another friend, economist and author Richard Duncan, adds detail via his advisory, Macro Watch:
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Our Jubilee – The Year We Change Everything

from ZenGardner:
Today is a brand new day.. A day that was sung about 40 plus years ago when a bunch of young people took it upon themselves to stop the war. We did it but at great cost.
The win for us back then still lives in our hearts and 49 years after the start of the psychedelic spiritual revolution that stopped the war there are still many of us alive to proclaim a bigger battle is being won.. We became the change we wanted to see. We are the people we wanted to become. The madness of the world at present is only the house of cards collapsing and it is a sight to behold.
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World War III Has Begun: Who Will Be Blamed?

from StormCloudsGathering:

If you want to start a to war, the unwashed masses must be convinced to send their brothers, sons and fathers to die on the front lines. The specter of an external enemy must be etched into their collective mind through trauma, exaggeration and repetition. History must be whitewashed, twisted and cherry picked down to a politicized nursery rhyme. At no point should the real motives or consequences of such an endeavor be discussed.

State Control Perpetually Increasing Until Collapse

from WallStForMainSt:

HSBC and the World’s Oldest Drug Cartel

[Ed. Note: As I discussed in my new interview with Rob Kirby, HSBC is perhaps the MOST criminal bank on earth.]
by Todd E. Pierce, Tax Justice:
HSBC’s core values are under scrutiny.  The bank has been implicated in one scandal after another, and  the current leadership claims to be wanting to restore the bank’s reputation.  But what reputation do they aim to restore?  Is it the airbrushed version of a bank rooted in “Scottish banking principles”, or is it an altogether darker reputation reflecting HSBC’s original role as a source of funding for the giant trade of opium into the Chinese markets in the nineteeth century?  As one blogger, based in Rochester, USA, put it in 2013:“When HSBC executives were caught late last year financing the Mexican and other drug cartels, they were returning to the company’s historic roots.”
As this article from Le Monde Diplomatique explains, HSBC was founded after the second of the Opium Wars, by which time the trade was already well established.  The founders included several opium traders who recognised the profitable banking opportunities presented by the new market.  As Le Monde Diplo explains:
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US War Theories Target ‘Dissenters’

In the Orwellian world of Official Washington, the U.S. government is now wedded to the theory of “information warfare,” meaning that Americans who challenge national security policy may be treated as “unprivileged belligerents” under the new Law of War doctrine, retired JAG Major Todd E. Pierce writes.
by Todd E. Pierce, Consortium News:
When the U.S. Department of Defense published a new Law of War Manual (LOW) this past summer, editorialists at the New York Times sat up and took notice. Their concern was that the manual stated that journalists could be deemed “unprivileged belligerents.” The editorial explained that as a legal term “that applies to fighters that are afforded fewer protections than the declared combatants in a war.” In fact, it is far more insidious than that innocuous description.
Here is the manual’s definition: “‘Unlawful combatants’ or ‘unprivileged belligerents’ are persons who, by engaging in hostilities, have incurred one or more of the corresponding liabilities of combatant status (e.g., being made the object of attack and subject to detention), but who are not entitled to any of the distinct privileges of combatant status (e.g., combatant immunity and POW status).”
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Fukushima & Floods: 15 Missing In Floods — Advanced Planning of Radioactive Water Spills?

from MissingSky101:

TV: Floods threaten Fukushima plant structures… “Nuclear nightmare territory then” — Expert: A lot of nuclear fuel has actually gone into ground, and “will come out at the surface” if groundwater rises — Radiation levels flowing into ocean much higher than usual (VIDEO)

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