"A U.S. official confirmed Sunday that a decision had been made to conduct such patrols but said it was unclear when that might happen or where exactly. 'It’s just a matter of time when it happens,' the official said. Another U.S. official indicated that the operation could come within days."
Iran Openly Flouts Obama, Launches New Ballistic Missile
"We don’t ask anyone’s permission to enhance our defense power or missile capability and will firmly pursue our defense plans, particularly in the field of missiles."from The Wealth Watchman:
Well, well, Russia has now begun their long-awaited offensive against ISIS/Daesh/Al-Nusra/Al-Qaeda/Free Syrian Army, over the past week, a great deal has been seen(and learned) about what it means, and how it will change the dynamic going forward.
Make no mistake, the Russian involvement in Syria is, without a doubt, an enormous game-changer here. To my mind, it could be the most vitally important event in all of 2015, for several reasons which I’ll detail in a moment, but first, before we lay those out, we must first remind ourselves what the bankster, globalists’ real involvement in Syria was all about in the first place. This map lays it all out, very clearly.
Read More…
Russia, Iran Rack Up Gains In "Fiercest Syrian Fighting Yet"
Last week, we said the following about the next stage of Syria’s civil war: “In case it wasn’t clear enough what was set to happen soon after the Russian air force had spent a few days softening up anti-regime positions on the ground, allow us to spell it out: with the opposition on the run thanks to days of aerial bombardment, Iran will now send in the Hezbollah/Shiite militia/Quds clean up crew, who will personally ensure that whoever is left in the wake of the Su-34 strikes is swiftly eliminated at close range." As Retuers reports, that is exactly what's unfolding.The Fed's "Communication Strategy" In Just Three Headlines
Submitted by Tyler Durden on 10/12/2015 - 11:56- September 2013: EVANS; NO RATE HIKE UNTIL LATE 2015 (source)
- March 2014: EVANS: NO RATE HIKE UNTIL EARLY 2016 (source)
- October 2015: EVANS: MID-2016 BEST CHOICE FOR LIFTOFF
from Washington’s Blog:
Elliott Wave International’s 3-minute video documents US debt securities being sold by other nations’ governments (and here). This is in context of the historically ever-increasing US federal government’s $18 trillion debt. US “leadership” chose to somehow “freeze” their debt for the last 200 days, a seeming impossibility, with “debt ceiling” again addressed in Congress as ongoing theatrics.
Demonocracy’s 2-minute video to visualize the unimaginable magnitude of not millions or billions, but trillions of dollars in US federal government debt:
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Elliott Wave International’s 3-minute video documents US debt securities being sold by other nations’ governments (and here). This is in context of the historically ever-increasing US federal government’s $18 trillion debt. US “leadership” chose to somehow “freeze” their debt for the last 200 days, a seeming impossibility, with “debt ceiling” again addressed in Congress as ongoing theatrics.
Demonocracy’s 2-minute video to visualize the unimaginable magnitude of not millions or billions, but trillions of dollars in US federal government debt:
Read More
Deflation = Disruption + Debt + Demographics
The cyclical fallout from the Great Financial Crisis and the secular deflationary “D’s” of excess Debt, tech Disruption, aging Demographics have been the major catalysts for deflatin.
Chinese Regulator Proposes Ban On High-Frequency Trading
It appears Chinese authorities want to be the monopoly manipulator of their stock markets. Just a week after BlackRock suggested (and Hillary spewed) plans for transaction taxes in US markets to effectively kill high-frequency-trading (and all its ills), China's Securities Regulator Commission (CSRC) has proposed limiting the use of automated trading programs in the stock market. Of course, just as we saw last nght in China futures, we assume CSRC only wants to ban "selling" algos and not "spoofers" pushing stocks higher.
Crony Capitalism - The Real Cause Of Society's Problems
Since the economic downturn of 2008, the critics of capitalism have redoubled their efforts to persuade the American people and many others around the world that the system of individual freedom and free enterprise has failed. These critics have insisted that it is unbridled capitalism, set loose on the world, which is the source of all of our personal and society misfortunes. The political and economic crises through which the world suffers is not the crisis or failure of the free market. No, it is the crisis and failure of the interventionist-welfare state, and its anti-free market capitalist ideology.
Top 0.1% Of US Households Own As Much Wealth As The Bottom 90%
If it wasn't for Ben "the Hero" Bernanke's courage to print like a drunken Keynesian madman, none of this would have been possible, and by "this" we of course mean that the net worth of the top 0.1% of Americans is about to surpass the wealth of the bottom 90% of US households.Key Events In The Coming Week
While the US bond market, if not equities, is enjoying the day off on a day in which there is no economic data just more Fed speakers including the Fed's Evans who on Friday uttered what may be the dumbest thing a central planner has ever said, the week's macro docket starts in earnest on Tuesday when China releases much anticipated September trade data. Here are the key events for the rest of the week.
Saudi Arabia Bombs Second Yemeni Wedding In A Week - At Least 23 Dead
Saudi Arabia, the recently crowned head of a UN human rights panel and close U.S. government ally, has now bombed two wedding parties in Yemen in just over a week. Yes, you read that right.
Glencore Production Cuts Backfire After World's Second Largest Miner Vows To Fill The Glencore Void
On Friday we said that "it is certain that any volume reductions by Glencore will be promptly taken advantage of by Glencore's competitors, because in a global deleveraging and commodity supercycle repricing, he who cooperates while others defect, always loses the game theory."And just as expected, overnight the world's second biggest mining company, Rio Tinto, warned that it will not cut copper production, saying it would be illogical to hold back output and leave space in the market for higher-cost rivals.
Oil Stumbles Below $49 As Goldman Warns "Lower For Even Longer"
Submitted by Tyler Durden on 10/12/2015 - 09:43 Despite its dubious track record, oil prices are stumbling after Goldman Sachs releases a report calling for oil prices to remain lower for even longer, calling for a drop to $50 within the next 6 months.
Greek Cash Ban Escalates: 'Permanent' Stricter "Capital Controls" On 3 Million Pensioners, Civil Servants Imposed
Submitted by Tyler Durden on 10/12/2015 - 09:19 In a stunning move towards the elites' endgame of 'banning cash', Greek authorities unveiled stricter capital controls for civil servants and pensioners this weekend. By drastically limiting cash withdrawals and forcing the more 'controllable' compulsory use of plastic money, Greek authorities hope to stop tax evasion through the use of 'fake cash registers'.
BlackRock, The Stock Market, & The Alleged Evils Of "Volatility"
Submitted by Tyler Durden on 10/12/2015 - 08:32 We would argue the main reason for Blackrock’s attempt to persuade the exchanges to adopt its recommendations on trading halts is that Blackrock itself is inconvenienced by downside volatility. Presumably the company is no stranger to leverage (how else can it squeeze out large returns with a portfolio this large in a ZIRP world?) and is therefore forced to exercise stop loss orders itself when the market declines fast. Such attempts to “regulate” everything, even the price swings markets are allowed to make, are attempts to stem oneself against nature.
Why Gold Is Surging: BofA Says To Expect A "Massive Policy Shift In 2016"
Submitted by Tyler Durden on 10/12/2015 - 08:09 "The secular reality of deflation & inequality is intensified by recession & rising unemployment, investors should expect a massive policy shift in 2016. Seven years after the west went “all-in” on QE & ZIRP, the US/Japan/Europe would shift toward fiscal stimulus via government spending on infrastructure or more aggressive income redistribution. …buy TIPs, gold, commodities, Main Street not Wall Street."
from Paul Craig Roberts:
The world is beginning to realize that a seachange in world affairs occured on September 28 when President Putin of Russia stated in his UN speech that Russia can no longer tolerate Washington’s vicious, stupid, and failed policies that have unleashed chaos, which is engulfing the Middle East and now Europe. Two days later, Russia took over the military situation in Syria and began the destruction of the Islamic State forces.
Perhaps among Obama’s advisors there are a few who are not drowning in hubris and can understand this seachange. Sputnik news reports that some high-level security advisors to Obama have advised him to withdraw US military forces from Syria and give up his plan to overthrow Assad. They advised Obama to cooperate with Russia in order to stop the refugee flow that is overwhelming Washington’s vassals in Europe.
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The world is beginning to realize that a seachange in world affairs occured on September 28 when President Putin of Russia stated in his UN speech that Russia can no longer tolerate Washington’s vicious, stupid, and failed policies that have unleashed chaos, which is engulfing the Middle East and now Europe. Two days later, Russia took over the military situation in Syria and began the destruction of the Islamic State forces.
Perhaps among Obama’s advisors there are a few who are not drowning in hubris and can understand this seachange. Sputnik news reports that some high-level security advisors to Obama have advised him to withdraw US military forces from Syria and give up his plan to overthrow Assad. They advised Obama to cooperate with Russia in order to stop the refugee flow that is overwhelming Washington’s vassals in Europe.
Read More
from Anthony Gucciardi:
from Western Journalism:
A Hispanic woman offered Donald Trump the type of unqualified, enthusiastic endorsement on Thursday in Las Vegas that candidates can only dream of.
While addressing a capacity crowd of 1,500 at the Cirque du Soleil’s Mystere Theater at Treasure Island, Trump began to joke about being on more magazine covers “than any supermodel in history.”
He offered People magazine as a recent example. “I didn’t love the picture,” he said. “They did something with my nose. They played around [with it.]…But Milania looked good, Barron [his son] look good. I look like hell. I have a feeling they might have picked the picture.”
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A Hispanic woman offered Donald Trump the type of unqualified, enthusiastic endorsement on Thursday in Las Vegas that candidates can only dream of.
While addressing a capacity crowd of 1,500 at the Cirque du Soleil’s Mystere Theater at Treasure Island, Trump began to joke about being on more magazine covers “than any supermodel in history.”
He offered People magazine as a recent example. “I didn’t love the picture,” he said. “They did something with my nose. They played around [with it.]…But Milania looked good, Barron [his son] look good. I look like hell. I have a feeling they might have picked the picture.”
Read More
from FutureMoneyTrends:
Putin: Russia has no intention of mounting Syria ground operation, wants to see political compromise
from RT:
Using ground troops in Syria is out of the question, the Russian president said in an interview with Rossiya 1 TV. Russia’s air operation has been thoroughly prepared and is aimed merely at aiding the Syrian Army’s offensive, he said.
“Whatever happens, we’re not going to do this [ground operation] and our Syrian friends are well aware of it,” President Vladimir Putin said in an interview with Russian TV anchor Vladimir Solovyov.
The primary task of the Russian operation in Syria is “stabilizing the legitimate authority in this country and creating conditions to look for political compromise,” President Putin said.
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Using ground troops in Syria is out of the question, the Russian president said in an interview with Rossiya 1 TV. Russia’s air operation has been thoroughly prepared and is aimed merely at aiding the Syrian Army’s offensive, he said.
“Whatever happens, we’re not going to do this [ground operation] and our Syrian friends are well aware of it,” President Vladimir Putin said in an interview with Russian TV anchor Vladimir Solovyov.
The primary task of the Russian operation in Syria is “stabilizing the legitimate authority in this country and creating conditions to look for political compromise,” President Putin said.
Read More
from Mark Dice:
from BBC:
Syrian forces backed by Hezbollah militants from Lebanon are said to have made significant advances against rebels after heavy Russian air strikes.
Government gains are being reported in Idlib, Hama and Latakia provinces.
Russia says its aircraft carried out more than 60 missions over Syria in the past 24 hours, and that the Islamic State group was its main target.
But the Russian strikes appear to have impacted heavily on rebels fighting both the government and IS.
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Syrian forces backed by Hezbollah militants from Lebanon are said to have made significant advances against rebels after heavy Russian air strikes.
Government gains are being reported in Idlib, Hama and Latakia provinces.
Russia says its aircraft carried out more than 60 missions over Syria in the past 24 hours, and that the Islamic State group was its main target.
But the Russian strikes appear to have impacted heavily on rebels fighting both the government and IS.
Read More
from Wolf Street:
This was a data set we didn’t need. Not one bit. It mauled our hopes. But the US Census Bureau dished it up anyway: wholesales declined again, inventories rose again, and the inventory-to-sales ratio reached Lehman-moment levels.
In August, wholesales dropped to $445.4 billion, seasonally adjusted. Down 1.0% from July and down 4.7% from August last year.
It was ugly all around. Wholesales of durable goods dropped 1.2% for the month, and 1.9% year over year.
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This was a data set we didn’t need. Not one bit. It mauled our hopes. But the US Census Bureau dished it up anyway: wholesales declined again, inventories rose again, and the inventory-to-sales ratio reached Lehman-moment levels.
In August, wholesales dropped to $445.4 billion, seasonally adjusted. Down 1.0% from July and down 4.7% from August last year.
It was ugly all around. Wholesales of durable goods dropped 1.2% for the month, and 1.9% year over year.
Read More
The world’s #1 arms dealer says that America has a gun problem. Is this real life?
by Riley Waggaman, Russia-Insider:
We understand the futile nature of our request, but for the love of
God: Please stop pretending that Barack Obama cares about gun violence.
Do people understand how silly they look when they post campy, indignant claptrap on Facebook about how brave Obama is for speaking out against gun violence? Apparently not, so now we have to write an Internet article which points out the obvious: Barack Obama loves guns and has done everything in his power to give them to as many violent monsters (and third-world children) as humanly possible.
Does America need stricter gun laws? This is a separate issue which we are not particularly eager to dive into. We merely feel the need to point out that Barack Obama is responsible for gun violence all over the world and should be considered a threat to humanity. We have created a convenient “listicle” in order to support this outrageous claim:
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by Riley Waggaman, Russia-Insider:
We understand the futile nature of our request, but for the love of
God: Please stop pretending that Barack Obama cares about gun violence.Do people understand how silly they look when they post campy, indignant claptrap on Facebook about how brave Obama is for speaking out against gun violence? Apparently not, so now we have to write an Internet article which points out the obvious: Barack Obama loves guns and has done everything in his power to give them to as many violent monsters (and third-world children) as humanly possible.
Does America need stricter gun laws? This is a separate issue which we are not particularly eager to dive into. We merely feel the need to point out that Barack Obama is responsible for gun violence all over the world and should be considered a threat to humanity. We have created a convenient “listicle” in order to support this outrageous claim:
Read More
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