Submitted by Tyler Durden on 10/08/2015 - 11:14 “Driven by a lust for power, greed, and a desire to improve their own financial position and reputation at the expense of investors and decency, a cabal of Pimco managing directors plotted to drive founder Bill Gross out of Pimco in order to take, without compensation, Gross’s percentage ownership in the profitability of Pimco."
This Is How The IMF "Predicted" China's Slowdown
Submitted by Tyler Durden on 10/08/2015 - 11:55 Over the past 5 years, the one forecast that was clear to anyone with even an introductory grasp of economics and finance, is that a Chinese economic collapse is inevitable and just a matter of time. Apparently, in retrospect, this was also clear to the head of the IMF, Christine Lagarde, who during a press conference in Lima, said the following:LAGARDE SAYS CHINA'S SLOWDOWN WAS PREDICTABLE, IS A "GOOD MOVE" There is just one problem with that: of all market participants, the IMF is perhaps the only one who did not predict China's slowdown. Quite the opposite.
deFANGed: Market Darlings Fail To Rise In Choppy Tape
Submitted by Tyler Durden on 10/08/2015 - 11:45 US equity markets have shrugged off China's disappointing open and surged back to the highs of the day (with Trannies leading). However, a few of the "gurus" favorite stocks are not buying the dip... as the so-called FANG names are notably weaker over the last 3 days...
Warren Buffett once referred to derivatives as “financial weapons of mass destruction“,
and it was inevitable that they would begin to wreak havoc on our
financial system at some point. While things may seem somewhat calm on
Wall Street at the moment, the truth is that a great deal of trouble is
bubbling just under the surface. As you will see below, something happened
in mid-September that required an unprecedented 405 billion dollar
surge of Treasury collateral into the repo market. I know – that sounds
very complicated, so I will try to break it down more simply for you.
It appears that some very large institutions have started to get into a
significant amount of trouble because of all the reckless betting that
they have been doing. This is something that I have warned would
happen over and over again.
In fact, I have written about it so much that my regular readers are
probably sick of hearing about it. But this is what is going to cause
the meltdown of our financial system.Read More…
NATO Threatens To Send In Troops After Russia Stations Ground "Battalion" In Syria
Submitted by Tyler Durden on 10/08/2015 - 08:16 "The force that they have deployed down there is actually quite impressive for a rapid deployment of a week or so. It is all arms, combined arms, attack aircraft, it is the attack helicopters and artillery, rocket artillery. NATO is ready and able to defend all allies, including Turkey against any threats."
How The TPP Could Lead To Worldwide Internet Censorship
Submitted by Tyler Durden on 10/08/2015 - 11:32 "What we're talking about here is global Internet censorship. It will criminalize our online activities, censor the Web, and cost everyday users money. This deal would never pass with the whole world watching - that’s why they've negotiated it in total secrecy."
We just received this memo from a SGT Report reader in Thailand who
wanted to share information about what is being called a ‘system
failure’ at Bangkok Bank. As we have long suggested, informed readers
should prepare for such banking “outages” in the United Staes as well.
Because when such “systemic glitches” come, depending on the reasons and
duration, you may find that your window to protect yourself is closed,
permanently.Andy writes:
It’s been a while since we last talked and I said I would let you know if any news came my way I thought you should know about. As of two hours ago Bangkok Bank one of Thailand’s biggest banks had what they are calling a system failure of the main computer.Read More
House Democrats recently put forward a vote seeking to disband the Select Committee on Benghazi, chaired by Representative Trey Gowdy, R-S.C.
The House of Representatives voted down the effort to disband the committee on Wednesday, though, on a party-line vote, 240-183.
This effort was led by Rep. Louise Slaughter, D-N.Y, the top Democrat serving on the House Rules Committee.
The Democrats argued that the Benghazi committee existed to harm Hillary Clinton rather than to investigate the Benghazi situation.
Read More
by Pam Martens and Russ Martens, Wall Street On Parade:
Hillary Clinton just can’t catch a break. After making the admitted poor choice of using a private server for her emails during her time as Secretary of State instead of one protected by the U.S. government and its security octopus, Hillary has told the public that she turned over all work-related emails from her time as Secretary of State to the government and erased all of her 31,000 personal emails from that period.
Now it turns out that a company called Datto Inc., which routinely makes demos of setting fire to equipmentto show how indestructible its data backup system is, may have a stash of Hillary’s emails. Its founder and CEO, Austin McChord, was named this year as one of Forbes “30 Under 30,” a prestigious list of technology entrepreneurs under the age of 30.
Read More
Hillary Clinton just can’t catch a break. After making the admitted poor choice of using a private server for her emails during her time as Secretary of State instead of one protected by the U.S. government and its security octopus, Hillary has told the public that she turned over all work-related emails from her time as Secretary of State to the government and erased all of her 31,000 personal emails from that period.
Now it turns out that a company called Datto Inc., which routinely makes demos of setting fire to equipmentto show how indestructible its data backup system is, may have a stash of Hillary’s emails. Its founder and CEO, Austin McChord, was named this year as one of Forbes “30 Under 30,” a prestigious list of technology entrepreneurs under the age of 30.
Read More
filed under (unt
Hillary Pushes HFT Tax (A Day After BlackRock Warns Of "Wild Price Swings")
Submitted by Tyler Durden on 10/08/2015 - 10:54 Following yesterday's flip-flop on TPP, Hillary Clinton has unleashed some new financial system 'policies' this morning, the most crucial of which includes the provision of a transaction tax which will dramatically penalize high-frequency traders (gratifying critics of HFT's instability-creating market structure). The question is, who is she trying to appease with this 'policy'? The answer is simple - Follow the money... once again.
“Oh what a tangled web we weave, When first we practice to deceive.”(Walter Scott, 1771-1832, “Marmion.”)
How speedily the lies of the
“international community” in general and those of the US and UK in
particular about the Syrian situation are unraveling since the
participation of Russia.
Take UK Prime Minister David
Cameron. On 24th September last year he addressed the United Nations,
committing British aircraft to targeting IS/ISIL/ISIS in Iraq adding
unequivocally that there would be no similar action in Syria and
absolutely no “boots on the ground.”(1)
Read Morefrom The Money GPS:
When The Aristocracy Leaves The Commoners In The Dust, The Empire Is Doomed
Submitted by Tyler Durden on 10/08/2015 - 10:35 The Power Elite aristocracy isn't dumb; they fully understand once the illusion of their shared purpose and identity with the commoners is shattered, their invulnerability is history.
Brazilian Nightmare Continues As Rousseff Suffers Major Setback, Impeachment Looms
Submitted by Tyler Durden on 10/08/2015 - 10:17 "The BRL will continue to be under pressure. I think it will be a continuous and arduous political struggle from here and some will try to bring the impeachment proposal forward."
According To The Bernank, This Was The "Biggest Impact Of QE"
Submitted by Tyler Durden on 10/08/2015 - 10:13 Are you ready for this... are you sitting down... you better be sitting down. Cause here it comes...
HSBC Asks If "US Is Turning European, Or Is It Japanese" As It Cuts 10 Year Forecast From 2.8% to 1.5%
Submitted by Tyler Durden on 10/08/2015 - 09:53 As more and more "reputable" analysts realize that the 30 Year bull market in Treasury isn't going anywhere, another firm jumped on the "more easing" bandwagon overnight, when HSBC's Steven Major slashed his target yield on 10Y Treasurys for 2015 and 2016, from 2.4% and 2.8% to 2.1% and 1.5% respectively. The reason: more easing of course, or rather expectations for further ECB monetary easing which will help U.S. curve to perform.
Saudi Arabia Declares Spending Moratorium As Oil Rout Bankrupts Kingdom
Submitted by Tyler Durden on 10/08/2015 - 09:41 Last month, when King Salman arrived in Washington to a fleet of Mercedes S-Classes, we asked if, considering the current circumstances, cutting back on spending might be in order. Indeed, in the wake of Saudi Arabia's move to tap debt markets, rumors have been circulating for months that the kingdom has enlisted the help of "advisers" to help rein in the ballooning deficit. Now, Riyadh has effectively declared a spending moratorium in the face of self-inflicted crude carnage.
From Bezzle To Bummer - The Mirage Of "Psychic" Wealth
Submitted by Tyler Durden on 10/08/2015 - 09:24 The market is prone to temporary fits of shared enthusiasm – for emerging-market debt, for Internet stocks, for residential mortgage-backed securities, for Greek government debt. Traders need not wait to see when or whether the profits materialize. IBGYBG, they say – I’ll be gone, you’ll be gone. There are numerous routes to bezzle and febezzle... traders borrowed money from the future. And then the future came, as it always does, turning the bezzle into a bummer.
Gartman vs Goldman: "Oil Rally To Fade" Warns Blankfein's Bank
Submitted by Tyler Durden on 10/08/2015 - 08:57 Just a day after no lesser world-renowned newsletter writer than Dennis Gartman went full bull-tard of crude oil (in $29.95 terms), Goldman Sachs has come out with a "lower for longer" warning about the crude complex noting that the gains have been exacerbated by still large short positioning and the break of key technical levels. Despite the magnitude of this rally, Goldman does not believe that data releases over the past week suggest a change in oil fundamentals. In fact, high frequency data continue to point to an oversupplied market despite a gradual decline in US production.
Day After Deutsche Bank Admits Not All Is Well, Swiss Giant Credit Suisse Also Admits It Needs More Cash
Submitted by Tyler Durden on 10/08/2015 - 08:51 Not everything is "fine" in the land of European banks, in fact quite the opposite.
Despite Surging Job Cuts, Initial Jobless Claims Tumble Back Near 42 Year Lows
Submitted by Tyler Durden on 10/08/2015 - 08:36 Job cuts have already surpassed last year's total, according to Challenger, Gray & Christmas with the highest annual total since 2009, when nearly 1.3 million layoffs were announced at the tail-end of the recession... so how does the government explain the fact that initial jobless claims have once again re-tumbled back to close to 42-year lows...
Silver Loses Key Technical Support After 'Weak' China Open Plunge
Submitted by Tyler Durden on 10/08/2015 - 08:03 Having closed yesterday above the 200-day moving average for the first time since May, the weaker-than-expected Chinese equity market open sent the precious metal tumbling and it is extending losses in the early US session.
ECB Will Again "Frontload" Bond Purchases Ahead Of The Winter, No Advance Leak To Hedge Funds This Time
Submitted by Tyler Durden on 10/08/2015 - 07:56 Moments ago, as part of its quite stale and otherwise irrelevant minutes of its September 2-3 governing council meeting, the ECB did precisely the same, announcing that as part of its ongoing open-ended QE program (which the ECB expects will be implemented fully by September 2016 "or beyond") it would frontload purchases between September and November because, you guessed it, volatility once again declines in December.
from Sputnik News:
Ayatollah Khamenei, Iran’s Supreme Leader says that negotiating with the US has “no advantages.”
Ayatollah Khamenei, Iran’s Supreme Leader says that negotiating with the US has “no advantages.”
Iran’s Supreme Leader Ayatollah Khamenei slapped a ban on negotiating
with the US on Wednesday, saying the process has “many disadvantages
and no advantages.”
Khamenei said that despite the best efforts of the Iranian negotiating team during talks on its nuclear program, the US “took any chance to infiltrate.”
“The Iranian side was vigilant, but they gained chances and acted against our national interests.”
Read MoreKhamenei said that despite the best efforts of the Iranian negotiating team during talks on its nuclear program, the US “took any chance to infiltrate.”
“The Iranian side was vigilant, but they gained chances and acted against our national interests.”
from NextNewsNetwork:
from Zen Gardner:
What they’re supposed to think about nuclear weapons, pesticides, medical drugs, vaccines, presidential elections, major media, the CIA, US foreign policy, mega-corporations, brain research, collectivism, surveillance, psychiatry, immigration…
In each case, there are a set of messages broadcast to the population. These messages are projected to replace what people would think on their own, if left to their own devices.
And in many cases, these messages have the same underlying theme: feel unlimited sympathy.
Read More…
What they’re supposed to think about nuclear weapons, pesticides, medical drugs, vaccines, presidential elections, major media, the CIA, US foreign policy, mega-corporations, brain research, collectivism, surveillance, psychiatry, immigration…
In each case, there are a set of messages broadcast to the population. These messages are projected to replace what people would think on their own, if left to their own devices.
And in many cases, these messages have the same underlying theme: feel unlimited sympathy.
Read More…
from X22 Report:
by Harvey Organ, HarveyOrganblog:
Read More
Good evening Ladies and Gentlemen:
Here are the following closes for gold and silver today:
Here are the following closes for gold and silver today:
Gold: $1149.00 up $2.20 (comex closing time)
Silver $16.09 up 11 cents.
Silver $16.09 up 11 cents.
In the access market 5:15 pm
Gold $1146.10
Silver: $16.03
First, here is an outline of what will be discussed tonight:Gold $1146.10
Silver: $16.03
At the gold comex today, we had a very poor delivery day,
registering 0 notices for nil ounces Silver saw 0 notices for 10,000
oz.
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