‘Mentally Unstable’ Obama Looking To Start A War With China?

by Michael Snyder, Economic Collapse Blog:
This week, Barack Obama sent a guided missile destroyer into disputed waters in the South China Sea to see if the Chinese would start shooting at it. Yes, this is what he actually did. Fortunately for us, the Chinese backed down and did not follow through on their threats to take military action. Instead, the Chinese have chosen to respond with very angry words. The Chinese ambassador to the United States, Cui Tiankai, says that what Obama did was “a very serious provocation, politically and militarily.” And as you will see below, a state-run newspaper stated that China “is not frightened to fight a war with the US in the region”. So why in the world would Obama provoke the Chinese like this? Yes, the Chinese claims in the South China Sea are questionable. But there are other ways to resolve things like this. My friend Rick Wiles began his radio broadcast yesterday by suggesting that these kinds of actions show that Barack Obama has become “mentally unstable”, and I would have to agree. You don’t risk military confrontations that could potentially spark World War III unless you have a really good reason to do so.
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Another Mentally Ill person elected to a high position that will screw you...If you think he wont screw you...you are DELUSIONAL...

Paul Ryan Elected 54th House Speaker - Live Feed

Having received the support of the various warring (and whining) factions within the Republican Party, Paul Ryan has just garnered enough votes to become the 54th House Speaker. As CNN reports, Ryan began turning the page on Wednesday, telling reporters after his party's internal vote that, "we are not going to have a House that looks like it's looked the last two years. We are going to move forward. We are going to unify. Our party has lost its vision, and we are going to replace it with a vision."

Claudio Grass: Why This Monetary System Will Collapse

from Gold Silver Worlds:
In the big picture, the $18 trillion total debt (which is only the official debt, as unfunded liabilities are $220 trillion) is by far the reason why the economy and markets are facing a huge risk. When the gold window closed in August of 1971 (by President Nixon), the debt has gone exponential. That is why this system will not survive, it has to collapse, either through a deflationary collapse or a hyperinflationary bust (in which case paper money is going to zero, its intrinsic value). Central banks do not have the situation under control. It is for instance absolutely insane that investors have to pay for Treasuries, both in Switzerland and in the U.S.
Moving into physical gold requires the correct mindset, and the appropriate big picture vision. Investors and individuals should hold physical metals in a safe haven place like Switzerland for the right reasons, not as a trade for instance. And the safe haven appeal of Switzerland is still very much intact. For instance, the U.S. government or IRA cannot approach Global Gold directly. Only in case of a serious case, they can submit the suspicious activity to the Swiss government system, which then will assess whether it is an issue according to Swiss law, and only then can question the gold sitting in a private vault.
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The Next US False Flag Event Is Waiting For The Green Light For The Go Ahead

from X22Report:

New Bill to Force US Government to Liquidate Assets — Turns Out There Aren’t Any

from Sovereign Man:
It was just weeks ago that the US government barely averted a debt ceiling shutdown with a last-minute bill to kick the can down the road until December.
This gave them 2 months to tackle a problem that’s been decades in the making, with a debt that now totals nearly $19 trillion.
So far the solutions they’ve come up with have been nothing short of comical.
In fact the very first ‘solution’ introduced in a bill earlier this month was designed to give Congress special powers to kick the can even further down the road. Genius.
Then there was a bill proclaiming to “take the possibility of default off the table” by promising that the government’s mandatory obligations would be paid first.
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BofA Looks At Europe's Record €2.6 Trillion In Negative-Yielding Debt, Is Shocked At What It Finds

"The rise in household savings rates amid so much central bank support is paradoxical to us, and mimics what we highlighted in the credit market earlier this year. Companies in Europe are deleveraging, not releveraging"

Pending Home Sales Tumble Most Since 2013 Amid

Following the carnage in new home sales in September, amid sliding mortgage apps and despite soaring homebuilder sentiment, pending home sales in September also plunged - dropping 2.3% MoM (missing expectations of a 1.0% rise) and worse still from a downwardly revised history. This is the biggest MoM drop sicne Dec 2013 andthe second lowest level of pending home sales this year. While there is plenty of blame for this, NAR's Larry Yun, rather ominously warns, "signs of a slowing U.S. economy may be causing some prospective buyers to take a wait–and–see approach."

And The Biggest "Contributor" To Q3 GDP Was...

If you said "the Supreme Court-approved tax that is Obamacare", then give yourself a pat on the back.

NATO Looks To Station Thousands Of Troops On Border With Russia

“NATO military planning generates confrontational approaches to security issues that in our view should belong to the past. The creeping increase in NATO’s military presence on our frontiers [is] testing [our] patience."

Americans Need More Than Just Low Gas Prices & Higher Stocks To Be "Comfortable"

Submitted by Tyler Durden on 10/29/2015 - 09:52 Presented with little comment, aside to note it appears Americans need even moar in order to be happy...

All Hail Our New Lord & Master - The Stock Market

Submitted by Tyler Durden on 10/29/2015 - 09:30 We're all minions now of the stock market. By cowering in terror of a stock market tantrum, the Fed has surrendered everything: its vaunted (and completely phony) independence; its duty (yes, go ahead and laugh) to the nation and the real economy - everything. The Fed is nothing but an abject slave of the market.

'Traders' Panic-Buy WTI Crude After Disappointing GDP

Stop-running algos are panic-buying WTI crude this morning as a slightly disappointing GDP print must have triggered the "bad news is good news" function to horde oil with both hands and feet...

Q3 GDP Misses Expectations, Tumbles To 1.5% On Sliding Inventories

The long awaited inventory correction is finally arriving. Moments ago the BEA reported preliminary Q3 GDP, which at 1.49%, missed both sellside consensus expectations of 1.6%, and tumbled from the 3.9% reported in the second quarter as the quarterly volatility continues at an unprecedented pace. This was the second lowest quarterly GDP print since Q1 2014 excluding the "double seasonal adjustment" meant to cover up the collapse in Q1 2015 GDP.

Someone's Still Lying

The raw initial claims data rose 1k from 259 to 260k (beating expectations of 265k). But the less-noisy 4-week average of initial jobless claims has slid further this week - to 263.25, its lowest since Dec 1973 - as the divergence between "useless at this point in the business cycle" claims and 'real' job cuts has never been wider.

"Policy Mistake"

When it comes to the Fed's current "data dependent" thinking there is absolutely no agreement among the experts: it may or may not hike in December, or it may or may not hike in the 2016 election year. There is, however, much  agreement that what the Fed is doing can best be summarized with two simple words: "policy mistake" as the following chart showing the appearance of these two words in Bloomberg news stories confirms.

A "Hawkish" Fed Is Bad For Stocks After All

That didn't last long. You can fool all of the algos, and some some of the people some of the time.

Deutsche Bank Reports Massive Loss, Will Cut 35,000 Jobs, Exit 10 Countries In Sweeping Overhaul

Submitted by Tyler Durden on 10/29/2015 - 07:53 As tipped earlier this month, Deutsche Bank just turned in a Q3 loss of €6 billion as a raft of writedowns hit the bottom line. The bank also announced more details of "Strategy 2020", which include layoffs and a corporate rethink that will see Europe's largest bank exit a multitude of markets.


They know they are about to send a couple billion to die in war.

China Abandons 37-Year-Old "One-Child Policy" - Here Are The Implications

While China had previously hinted that it's one-child policy is being phased out, most notably in 2013 when sources close to the National Population and Family Planning Commission said China may relax its one-child policy at end-2013 or early-2014 (read end) by allowing families to have two children, moments ago, during the Fifth Chinese Plenum, this 37 year old policy was formally scrapped and China will henceforth allow two kids for all couples in what is a clear bid to boost growth.

Futures Fade As Hawkish Fed Deemed Not So Bullish After All

Based on the overnight market prints which are an oddly reddish shade of green, it took algos about 12 hours to realize that the reason they soared for most of October, namely hopes of an easier Fed which were launched with the terrible September jobs report and continued with increasingly worse US economic report in the past month, can not be the same reason they also soared yesterday after the announcement of a more hawkish than expected Fed statement which envisioned a stronger US economy and a removal of foreign considerations, which even more curiously took place on even worse data than the Fed's far more dovish September statement.

GOP Debate III Post Mortem: Trump Top, Fiorina Flop, Bush (& CNBC) Biggest Loser

"Debates in Turmoil" would have been an appropriate summary for tonight's free-for-all CNBC-sponsored screamfest in Boulder, Colorado. Argumentative moderators, mis-stated facts, time complaints, and general whining was everywhere but Trump still managed to come out the other side of this gauntlet unscathed. One major highlight included Santelli and Paul pushing 'Audit The Fed', calls for gold-backed currency,and exclaimed that The Fed "has been a great problem" in US society. However, what was odd was the apparent slights to Trump and Carson (questioned less directly) which resulted in an aberrantly low 'talking time' for the leading candidates; as Politico noted, the repeated bursts of anger and anarchy were prompted, in part, by questions from the moderators that veered, at times, beyond sharp into contentiousness.

One Trader Loses It Over Draghi And Yellen's Lies

"What does this mean for investors? It means that at some point in the next year or two, I think we are all going to have a Henry Hill “Goodfellas” moment, where we think that we understand the conversation going on around us, where we think that we’re engaged with our social system in the usual way … and then everything will go sideways in a split second, and we will suddenly and with extreme clarity realize that we don’t understand anything at all except that we’re sitting at a table with a maniac."

Asteroid Near Miss

by Pater Tenebrarum, Acting-Man.com:
Hi Pumpkin!
Did you know that an asteroid with an estimated diameter of 2,000 feet is zipping by planet Earth this Saturday at a speed of roughly 78,000 mph at slightly more than the average distance between the earth and the moon (which is ~240,000 miles, the asteroid will be about 300,000 miles distant)? In astronomical terms this distance is less than a hair. You didn’t know?
Fear did no-one else until a few days ago. That’s when it was picked up by coincidence by one of the three telescopes that are regularly scanning for what is somewhat euphemistically referred to as “near-earth objects” (colloquially known as “genocidal killer asteroids”). Its name is the prosaic sounding “2015-TB-145” (we were vacillating between naming it “Goofy” and “Deathbringer”), but some scientists have in the meantime decided to call it “Spooky”, except for the NASA, which calls it “The Great Pumpkin”.
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If you seek the TRUTH...Please visit RonPaulLibertyReport Daily...

Hill Budget Battle: Another D.C. Charade?

from RonPaulLibertyReport:

Charts Run Counter to Fed Talk of Rate Hike

by Pam Martens and Russ Martens, Wall Street on Parade:

The Federal Open Market Committee (FOMC) of the Federal Reserve will release its statement today at 2 p.m. (ET). It is widely expected that the Fed will be holding rates steady. The Fed has been signaling for more than a year that the U.S. economy is strong enough for it to raise interest rates gradually. Based on comments from various Fed speakers, many had expected the rate hike to come in September.
Wall Street on Parade has taken a skeptical view of the Fed’s happy talk about the economy – preferring to look at the cold, hard data coming from inside and outside the Fed. It now seems quite plausible that the Fed’s agenda all along has been to talk up the U.S. dollar to prevent capital flight while waving pom-poms to boost confidence and spur consumer spending.
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The Oligarch Recovery – U.S. Military Veterans are Selling Their Pensions in Order to Pay the Bills

from Liberty Blitzkrieg:
Moore soon found himself two months behind on rent and at least 10 days from payday. In bed that night, he saw a TV ad for Future Income Payments, a company based in Irvine, Calif., that buys pensions in exchange for a lump sum. The company said it had worked with military personnel and government workers. Ten minutes later, he got up and made the call.
The next day, a company representative called Moore back and explained that he would receive a $5,000 cash advance for selling part of his pension. In exchange, Moore would have to pay the company $510 a month for five years  — a total of $30,600.
If it were a typical loan, that would amount to $25,600 in interest — a rate of 512 percent.
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Clinton PRETENDS to reject “too big to fail”

by Jeff Nielson, Bullion Bulls:
Along with being an utterly loathsome human being, Hillary Clinton is a shameless liar. After her husband Bill was instrumental in CREATING the current too-big-to-fail monstrosity known as Wall Street, we have his “Adam’s Rib” saying she will put an end to it. Sure she will!
It was Bill Clinton who tore-up all U.S. financial regulation, most notably Glass Steagall. It was the Glass Steagall Act which forced U.S. banks to act like banks. When Bill Clinton tore-up Glass Steagall it allowed the Wall Street fraud factories to turn into totally unregulated (and crooked) casinos — with most of their “business” now GAMBLING in their so-called derivatives market.
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Meet the 3 New Alternative Currencies

from Grams Gold:
As currencies around the world become more volatile and devalued, alternatives to paper (fiat) money are coming alive. Bitcoin has been the cryptocurrency of choice, but is inherently dangerous, as it’s digital platform can easily fluctuate or disappear entirely. As gold has never lost its purchasing power over thousands of years, sentiment is growing to create a gold-backed currency. The following are 3 companies who have responded to that need:
Hayek Dollar
The gold storage company known as Anthem Vault has decided to release a new cryptocurrency that is backed by precious metals. Each “coin” will be valued at 1 gram of gold, and will be called the “Hayek,” after Austrian Economist Friedrich Hayek.
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Thank You McCormick...

Leading Spice Provider Plans to go Organic, Non-GMO by 2016

by Christina Sarich, Natural Society:
I’d certainly like to bake some holiday cookies without GMOs, and when I initially heard McCormick would be rolling out a non-GMO vanilla, I thought it was pretty cool that like other food companies, McCormick is listening to its customers about what they really want in their food.
The company:
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Fed Turns Hawkish; Chinese Hunting US Targets

from Boom Bust:

If you own a Bible...Homeland security believes you are worse then ISIS...It says so in their report on terrorists...

Homeland Security “Concerned About Security Breach” From ISIS As Refugees Prepare to Flood America

by Mac Slavo, SHTFPlan:

Get ready. All the controversy that has just swept over Europe with migrant refugees is now coming to America.
Will a threat emerge from the ten thousand or more that will pour in? Homeland Security has noted their concern, as they vow to “carefully screen” for security risks among refugee populations.
Now that Europe has been upended by the refugee crisis, it is time for refugees in the United States. The Obama Administration admits that at least 10,000 are coming, and likely many more later, though Secretary of Homeland Security Jeh Johnson refused to hold to a number in the interview. But in a twist, mass exodus from the Syrian proxy war may well bring with it the enemies the U.S. have unleashed. There is, officially speaking, cause for alarm – according to the very same authorities who so often stoke fear in order to yield emergency power and strengthen perception.
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Fucking cry baby hypocrites... We shouldn't help them at all...They deserve what they get... Actually we deserve what we get too...

Europeans Wish They Had A Second Amendment

from TheAlexJonesChannel:

Bavarian PM Gives Merkel Deadline to Close ‘Open Door’ for Refugees

from RT:

Can the US Raise Rates When Everyone Else is Cutting Them?

by John Rubino, Dollar Collapse:
It’s understandable (sort of) that the Fed wants to raise short-term interest rates so it can cut them again in the next downturn. But what if the next downturn is already here? That’s the signal being sent by the world’s other central banks:

Sweden’s Central Bank Expands Stimulus Program

(New York Times) – Sweden’s central bank says it will expand its bond purchase stimulus program by 65 billion kronor ($7.6 billion) to help the economy and nudge inflation toward the 2 percent target.

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Grandma Janet’s Tea Party

from TF Metals Report:
The lousy US economic news continues today as both “orders for durable goods” and “consumer confidence” were reported to be ugly. Will this impact Mother Fellen and Her Goons as they begin their latest FOMC Bridge and Tea Party?
Of course every one of Mother Fellen’s tea parties begins with the presentation of the doilies. A source inside The Goon Squad confirms that this month’s winner was crocheted by Jeffrey Lacker of the Richmond Fed. Lacker gets the ceremonial first prize of a banana as well as the adulation of Mother Fellen, herself, for his fine work shown below. Great job, Jeff!
After this afternoon’s tea and this evening’s bridge party, they’ll all get down to work tomorrow morning when they craft the latest installment of “the most important FOMC Fedlines…ever”. Will there be a rate hike? Maybe just a teeny-tiny 1/8 of a point? Don’t count on it. However, DO count on some type of jawboning verbiage that will set what remains of LIESman’s hair on fire. Maybe some changes to the rate expectation scatter-plot or perhaps the inclusion of the word “when” in a key paragraph. Either way, after the debacle of September, you must expect some type of “hawkish” nonsense. Enough to rally the USDJPY and drag stock futures up with it. As you can see below, though it’s not always a direct 1:1 and tick-by-tick correlation, the HFT-driven illusion of markets remains.
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NIRP VS. GOLD, PART IV – WHO’S LEFT TO JOIN THE INSANITY PARTY?

by Andy Hoffman, Miles Franklin:
The signs of extreme financial strain are everywhere – as one by one, economies, markets, corporation, and individuals lose the unwinnable war with “Economic Mother Nature” and the “unstoppable tsunami of reality.”  Yes, “last to go” markets like the “Dow Jones Propaganda Average”; the Shanghai stock exchange; and of course, paper gold and silver, are still under TPTB’s “control” – and quite obviously, will be the last markets to succumb, due to unprecedented levels of manipulation.  However, even they are showing signs of a slow, but sure loss of interventionist control – with the Dow having spun its wheels for the past year; the Shanghai Exchange down 35% from June’s bubble highs; and gold and silver clearly amidst a year-long basing process – supported by record physical demand, vanishing above-ground inventories, and the weakest production outlook in decades.
Regarding the latter, I look forward to the earnings reports of Barrick, Newmont, and Agnico Eagle today; followed by Goldcorp and Yamana tomorrow – to see if they can continue to pretend their “resources” are still viable at current prices, and their production outlooks intact.
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