ISIS Releases Video Of Alleged Russian Airplane Mid-Air Exposion After It Claims Responsibility For Disaster

ISLAMIC STATE CLAIMS RESPONSIBILITY FOR RUSSIAN PLANE CRASH IN EGYPT
In other words, a proxy organization of US "shadow government destabilizing operations", trained in U.S. ally Turkey, and openly funded by both U.S. allies Saudi Arabia and Qatar, just took down a Russian plane.

Withdrawals Of Gold From NY Fed Jump To 20 Tons In September, Total 276 Tons Since 2014

Submitted by Tyler Durden on 10/31/2015 - 11:40 In September, the total physical gold held in custody at the NY Fed dropped another 19.9 tons in September, down to 5,919.5 tons. This was a doubling in gold withdrawals from 10 tons in August, and is the highest withdrawal since January. At just under 5,920 total tons in NY Fed inventory, this is the lowest amount of gold held in NY Fed custody in decades.

Greek Bad Debt Rises Above 50% For The First Time, ECB Admits

Submitted by Tyler Durden on 10/31/2015 - 14:35 Today we got yet another tortured admission of just how ugly Greek balance sheets are, the ECB has admitted what we knew months ago, namely that more than  half of all Greek loans are now nonperforming, and that as much as 57% of the loans made by Piraeus Bank the bank which fared worst, are at risk with the other Greek banks not much better off.

Guest Post: Truth, Lies, & Venezuela

Submitted by Tyler Durden on 10/31/2015 - 13:45 In the US, there is a natural tendency to punish political candidates when they lie, but mostly about their personal peccadillos. If a country’s political culture is such that all agree on condemning intentional lies and liars, especially when their goal is to promote hatred, a country may avoid big evil. But this is not the case in Venezuela. Its government has run the country’s economy and society into the ground, overseeing the world’s steepest decline in output, highest inflation rate, and second highest murder rate, not to mention shortages beyond compare. And now it is systematically lying about the causes of the mess it created and inventing scapegoats.

Germans Face “Destruction Of Genetic Heritage" As Village Of 102 Braces To Be Overrun By Refugees

Submitted by Tyler Durden on 10/31/2015 - 13:00 "Now they can stand up and preach. People say this is democracy, but I don’t think it is democracy to let Nazis say what they want"...

'Lipstick'-ing The GDP Pig Amid An Epochal Global Deflationary Swoon

Submitted by Tyler Durden on 10/31/2015 - 12:15 The talking heads were busy this week powdering the GDP pig. By averaging up the “disappointing” 1.5% gain for Q3 with the previous quarter they were able to pronounce that the economy is moving forward at an “encouraging” 2% clip. And once we get through this quarter’s big negative inventory adjustment, they insisted, we will be off to the ‘escape velocity’ races. Again. No we won’t! The global economy is in an epochal deflationary swoon and the US economy has already hit stall speed. It is only a matter of months before this long-in-the-tooth 75-month old business expansion will rollover into outright liquidation of excess inventories and hoarded labor. That is otherwise known as a recession.

The Dire Societal Consequences Of Stability-Obsessed Keynesians

Submitted by Tyler Durden on 10/31/2015 - 10:45 We will be the first to admit that yield curve inversion is not the only factor causing recessions, but through the credit channel it can be an important contributor. Depending on the importance of the credit channel, the Federal Reserve, by pegging the short term rate at zero, have essentially removed one recessionary market mechanism that used to efficiently clear excesses within the financial system. While stability obsessed Keynesians on a quest to the permanent boom regard this as a positive development, the rest of us obviously understand that false stability breeds instability.

US Sends Troops To Syria: Here Are The Questions The Media Should Be Asking

Submitted by Tyler Durden on 10/31/2015 - 10:05 It's "boots on the ground" time in the Mid-East and predictably, the mainstream media are asking all the wrong questions. Here's what you need to know about America's plan to embed US commandos with Kurdish forces in Syria.

No Survivors After Russian Airplane With 224 On Board Crashes In Egypt's Sinai, ISIS Claims Responsibility

Submitted by Tyler Durden on 10/31/2015 - 09:39

Why The Fallacy Of The Fed's Feedback Loops Has Failed - "The Bust Is Still Underway"

Submitted by Tyler Durden on 10/31/2015 - 09:33 Should the Fed actually hike in December (the statement explicitly mentioned the possibility), we think it’s highly likely to become a “one and done” that will be taken back shortly, similar to the BoJ’s handful of attempts to hike rates after the bursting of the 1980s bubble. We say this simply based on the economy’s actual performance. After all, it took only a minimal tightening of policy (the “tapering” of QE3) to induce a bust in the sector most exposed to capital malinvestment.

Obamacare Is A Disaster: Co-Op Insurers Across America Are Collapsing, And Now There Is Fraud

Submitted by Tyler Durden on 10/30/2015 - 23:09 Just when you thought it couldn't get any worse for Obamacare, it gets worse.

The Constitution's Big Lie

Submitted by Tyler Durden on 10/30/2015 - 22:15 One of the greatest hoaxes ever perpetrated upon Americans at the time of its telling and which is still trumpeted to this very day is the notion that the U.S. Constitution contains within its framework mechanisms which limit its power. The “separation of powers,” where power is distributed among the three branches – legislative, executive, judicial – is supposedly the primary check on the federal government’s aggrandizement. This week, once again, this sacred held tenet of American political history has once again been disproved.

OK Paul Ryan, Get Rid Of Obamacare

from jsnip4:

Why Did the Environmental Protection Agency Spend $1.4 Million on Guns?

by Ed Feulner, CNS News:
Even those of us who have worked in Washington for many years and become accustomed to the inner workings of government can still be amazed by what lurks behind the curtain sometimes. Case in point: the Environmental Protection Agency.
Most Americans have at least heard of the EPA, even if they have only a dim notion of what the agency actually does. It tends to skate along under the radar, unless something unusual happens, such as the toxic spill that turned the Colorado’s Animas River orange last August. Of course, what really made the spill unusual is that the EPA itself caused it.
Otherwise, Americans don’t hear much about the agency. So many of them would probably be as unpleasantly surprised as I was by a new report by Open the Books, a nonprofit group that promotes government transparency. Its look into the EPA’s spending habits is alarming, to put it mildly.
Read More

Are We Ready for Anarchism? – Questions For Corbett

from corbettreport:

Student Accused of Promoting Gang Culture for Wearing American Flag Shirt

by Kit Daniels, Infowars:
A 12-year-old student in California was forced to turn his American flag t-shirt inside-out last week after administrators claimed it was “gang related.”
Dustin Cole, an honors student at Yuba Gardens Intermediate school, says he was approached by school staff who argued that the t-shirt, which features items from both the American and California flag, violated the district’s dress code. Cole’s mother, Lori Carpenter, says she first became aware of the issue after Cole came home with his shirt on inside-out.
“I asked him why,” Carpenter told Fox40. “He said he was ‘dress coded’ at school because the stars were gang related.”
Read More…

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