The 'Bernwashing' Of America

We The Sheeplez...Will blindly follow what they are told to think and do...and those who know what is happening will still have to pay for the FSA (Free Shit Army's ) mistakes...Get ready your about to get screwed from both ends...

Bernie Sanders supporters seem to be everywhere. 49% of Democrats now have a favorable view towards socialism. This is scary. And sad. No matter how it is wrapped, socialism is still the belief that we can raise people out of poverty by taking money out of the hands of those who have learned how to produce. And it has never worked. Socialism always fails because at some point people realize they don’t have to work as hard to get the same amount of stuff. It takes all the incentive away to really succeed.

Ron Paul Rages "We Must Oppose Obama's Escalation In Syria & Iraq!"

Submitted by Tyler Durden on 10/29/2015 - 14:00 "This is not our war. I cannot condemn in strong enough terms this ill-advised US military escalation in the Middle East. Whoever concluded that it is a good idea to send US troops into an area already being bombed by Russian military forces should really be relieved of duty."
 

The Debate: GOP Candidates Elevated, CNBC Eviscerated

On Wednesday morning a new national poll revealed that 54% of Americans rate the economy as 'poor', but instead of focusing oin that, Becky Quick quizzed Marco Rubio about his 'lack of bookkeeping skills,' Carl Quintanilla posed questions about homosexuality and fantasy football, and the astonishingly incompetent John Harwood expressed doubt about Donald Trump's 'moral authority.' The interaction between the candidates and the CNBC moderators revealed the yawning gap between the bubble world at the intersection of Washington and Wall Street and the hard scrabble reality of economic stagnation and political alienation on main street America.
 

4 Disturbing Signs that America’s Real Economy is Going Beneath the Waves

from Wealth Watchman:

This Is What The "Invasion Of Europe" Looks Like

Housing Bubble 2.0: Flipping A Home In These 20 Cities Results In A 102% Average Return

The bottom line: the gross profit from a "flip" in any of these 20 markets will result in an average profit of just over 102% in as little under 7 months. Good luck.

The Debate: GOP Candidates Elevated, CNBC Eviscerated

On Wednesday morning a new national poll revealed that 54% of Americans rate the economy as 'poor', but instead of focusing oin that, Becky Quick quizzed Marco Rubio about his 'lack of bookkeeping skills,' Carl Quintanilla posed questions about homosexuality and fantasy football, and the astonishingly incompetent John Harwood expressed doubt about Donald Trump's 'moral authority.' The interaction between the candidates and the CNBC moderators revealed the yawning gap between the bubble world at the intersection of Washington and Wall Street and the hard scrabble reality of economic stagnation and political alienation on main street America.

Valeant Tumbles After Hours As More Bad News Emerges

Just when you (and Bill Ackman) thought the worst was over,  an avalanche of insurers and pharmacies are dumping Valeant's Philidor and raising more questions about its activities. VRX is now down 16% on the day, back below the key $100 level (after touching $127 intraday).

US Threatens UK With Trade Barriers If It Leaves The European Union

According to the Guardian, the US trade representative, Michael Froman, in the first public comments from a senior US official on the matter, said that "the United States is not keen on pursuing a separate free trade deal with Britain if it leaves the European Union."

Today's War Against Deflation Will Make Us All Poorer

Contrary to the popular view, a fall in the growth momentum of prices is always good news for the wealth generating process and hence for the economy.

Fed Rates, QE, and a Cashless Society? Mike Maloney’s Daily News Brief

from WhyGoldandSilver:

Yellen's Hawkish Hangover Leaves Bonds & Bullion Bruised & Stocks Steady

Spot The Defense Minister

Valeant Flash Crashes On Report CVS Terminates Its Philidor From Caremark Pharmacy Network

Moments ago VRX stock flash crashed on news CVS had just terminated Philidor from its Caremark PBM network: CVS CITES 'NONCOMPLIANCE' W/ PROVIDER PACT ON PHILIDOR; CVS MOVE BASED ON RECENT AUDITS OF PHILIDOR, DJ SAYS

Another Taxpayer-Funded Bailout, This Time For A Canadian Private Jet Maker

Once more in this new normal in which we 'live', the necessary creative destruction of capitalism is eschewed in favor of saving a zombie company that the CEO admitted was "overwhelmed." The good news for American taxpayers is that it is Canadian taxpayers - via a generous $1.3 billion 'investment' by the Quebec government - that are bailing out private-jet-maker Bombardier. Following aircraft projects plagued by overruns, missed deadlines, and scant interest from airlines, Bombardier posted a $4.9billion loss in Q3. Well never mind that, Quebec taxpayers now own 49.5% of the challenged CSeries program.

The Housing Bubble Is Biggest In These Cities

"House prices have decoupled most from local incomes in Hong Kong, London, Paris, Singapore, New York and Tokyo. Buying a 60-square-meter apartment exceeds the budget of most people who work even in the highly-skilled service sector. Loose monetary policy has prevented a normalization of housing markets and encouraged local bubble risks to grow"

Here Is Goldman's "Exhibit A" Why The ECB's Monetary Policy Has Been A Failure

"... judging from market-based implied measures of longer-term inflation expectations, the effectiveness of the ECB’s announcements has proved limited so far."
- Goldman Sachs

Goldman 'Explains' This Is Not A "Low Quality" Rally, It Is "Macro-Free" - So Don't Worry

It appears even Goldman Sachs was surprised by the recent rally in US equities - especially in light of the explicit hawkishness of The Fed yesterday. In a trading note this morning, the bank says that market risks are real and rising (but are not overwhelming) as it explains, we assume with no intent at humor or sarcasm, that they "prefer to think of the recent equity rally as 'macro-free' rather than 'low quality'," reiterating their view of the cycle and of markets as "fundamentally upbeat." They do, however, admit over the last month, the likelihood of a drawdown in the US equity market further increased, and remains at mildly elevated levels.

Iraq To Washington: "We Don't Need Your Help Fighting Terrorism"

Don't call us, we'll call you: "This is an Iraqi affair and the government did not ask the U.S. Department of Defense to be involved in direct operations. We have enough soldiers on the ground."

Neocons Are Back – Gold & Wars

from Junius Maltby:

CBS: Fire erupts at another U.S. nuclear site near major city — Witness: Flames within feet of radioactive waste

from ENE News:
KTVI, Oct 24, 2015 (emphasis added): Brush fire at West Lake Landfill sparks concern —Smoke could be seen for miles as fire crews responded to a brush fire at the West Lake Landfill in Bridgeton Saturday… The fire was started by a faulty switch… inside the landfill’s perimeter. The switch overheated, causing hot metal to drop below and ignite a fire… Arearesidents and elected officials gathered near the scene of the fire Saturday to see if it would move into a restricted area where an underground fire is burning. Residents were concerned that the fire would reach area
where radioactive waste is buried…
KTVI Transcript, Oct 24, 2015: You can see the smoke for miles… A big-time scare for residents out there tonight… Dawn Chapman, resident: “This fire came within feet of it,within feet of radioactive waste“…

CBS News, Oct 27, 2015: No one knows for sure what will happen if the fire comes into contact with it… some low-level radiation has moved into neighborhoods… But it’s not just the underground fire that is a concern – this weekend a grass fire erupted within some 75 yards of the radioactive waste. This region also sits near an earthquake fault line.
Read More

filed under IDIOTS...

Venezuela SELLS BILLION IN GOLD To Repay Its Debt

from Zero Hedge:
Just under a year ago in the aftermath of the “OPEC Thanksgiving Massacre” of 2014 which sent oil crashing when Saudi Arabia effectively ended the oil cartel, we predicted that Venezuela (with its CDS trading at 2300 bps back then) would become the first casualty of the “crude carnage.” Since then not only has Venezuela, which relies on crude oil for 95% of its export revenue, suffered a dramatic episode of hyperinflation (which is only accelerating) coupled with total economic collapse, but its CDS has, as expected, blown out to reflect a default of probability at 96% over the next five years as shown below.
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Gold Analogue: Then and Now

by Gary Christenson, Deviant Investor:
1970s: Gold rallied from about $35 in 1970 to nearly $200 in December 1974, and then fell to about $100 in August 1976.
So what?
Examine the graph of average monthly gold prices Jan. 1970 – Sept. 1976. Compare it to the graph of gold prices from April 2002 – October 2015. Note that the second graph was prepared with the same number of data points, but the time scale was doubled – each point is a two month average price. Note the similarity in form. The first is scaled $0 to $200 and the second $0 to $2,000.
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Gold Ready to Take Its Position When QE Undoubtedly Fails

by David Levenstein, MineWeb.com:
Even though the price of gold failed to make a decisive break above the 200 day Moving average, the price looks set to continue its upward trajectory. However, one can expect some resistance close to the 200 day MA at around the $1185 an ounce level.
After briefly breaching $1190 an ounce level, gold prices came under some renewed selling pressure as the U.S dollar gained against it major peers especially the euro.
The rally in the greenback was sparked when European Central Bank (ECB) president Mario Draghi announced that the central bank would not cut rates, but at the same time, he strongly hinted that they would act later this year. The ECB left the main refinancing rate unchanged at 0.05%. The marginal lending rate also stayed unchanged at 0.3% and the deposit rate at -0.2%.
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Great news for Germany...

Europe's Next Refugee Crisis: Thousands Of Migrants Freezing To Death

With winter rapidly approaching, Europe has yet to develop a viable plan to provide shelter for the hundreds of thousands of refugees fleeing the war-torn Mid-East. If the bloc doesn't act soon, tens of thousands of families could end up freezing to death on the way to Germany.

SWAT Team Destroys Tiny Houses Built for the Homeless, 10 Activists Arrested

by John Vibes, Activist Post:

Ten activists were arrested this weekend for attempting to help the homeless in the city of Denver by building tiny houses in a park. The houses were also immediately destroyed just after the arrests were made.
The activists belong to a group called Denver Homeless Out Loud, released a statement after the arrests which read:
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Laughing Abortionists ‘Pull Out Baby Hearts After Abortion, Just For Fun. It’s Cute’

by Steve Watson, Infowars:
An eleventh undercover video was released Tuesday by the Center For Medical Progress, again capturing officials at Planned Parenthood admitting to selling aborted body parts, and laughing about it.
This time an abortion doctor for Planned Parenthood in Austin, Texas. discusses harvesting the “intact” heads of late term aborted babies for research. “My aim is usually to get the specimens out pretty intact,” the doctor, Amna Dermish, tells the actors posing as potential fetal tissue buyers.
Dermish also admits that she sometimes alters the abortion procedure in an effort to preserve the fetus for harvesting.
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City of Oakland Orders Church to Pay $3,500 Plus $500 Per Day to Continue to Worship God

by J. D. Heyes, Natural News:
In what is yet another sign of government’s war on Christianity, a Baptist church in Oakland, California, has been threatened by city officials to tone down its choir practice or face heavy fines for being a noise “nuisance.”
As reported by CBS San Francisco, lovers of Gospel music think of it as “joyful noise” and acknowledge that it’s anything but quiet.
“The music of the church reveals the life of the church, the enthusiasm of the church,” Michael Wright, pastor at Solid Rock Baptist Church, told the local affiliate.
Oakland officials are seeing it differently, however.
Read More

St. Louis is a Radioactive Toxic Waste Bath

from TheAlexJonesChannel:

Just One Question For Janet Yellen: Are Valuations Still 'Quite High'?

Here is our question: on May 7, the Price-to-Sales ratio of the stock market was 1.8264x. As of this moment it is higher at 1.8408x. So, dear Janet, can you please confirm what the attached chart shows, namely that "equity market valuations" are now even higher than when you said they were "generally quite high", and if so, should we still be buying stocks and why?

7 Astounding Charts Show How Badly The Fed Failed The Housing Market

For generations, single family housing development was a driver of US economic growth. Today, there is no single family housing industry to speak of. These 7 charts derived from this week’s release of new house sales data from the Census Bureau illustrates just how bad things are.

The BoJ Owns 52% Of The Entire Japanese ETF Market , And Now It Wants More

Submitted by Tyler Durden on 10/29/2015 - 11:41 Haruhiko Kuroda owns 52% of all Japanese ETFs. And now he wants more. Facing a lack of willing JGB sellers, the BoJ now faces the possibility that ramping up its easing efforts will entail expanding the bank's already elephantine equity portfolio. "At a fundamental level, I don’t support the idea of central banks buying ETFs or equities. Unlike bonds, equities never redeem. That means they will have to be sold at some point, which creates market risk."

The 'Smart' Money Has Never Been This Long The Long-Bond

Submitted by Tyler Durden on 10/29/2015 - 11:21 Back at the beginning of 2014 - when commercial traders were net long nearly 40,000 options and futures contracts on the US long bond - it marked the peak in yields and preceded a 13 month rally in bonds that took 30-year treasury rates from 4% to 2.25%. Now, as Gavekal Capital's Bryce Coward notes, the commercial traders, aka "smart money," were net long about 61,000 contracts, or 50% more contracts than the peak in 2014. If recent history is any guide then a 1 handle on the 30-year treasury bond could be a reality!


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