Things Are Getting Scary: Global Police, Precrime, & The War On Domestic "Extremists"

If you believe in and exercise your rights under the Constitution (namely, your right to speak freely, worship freely, associate with like-minded individuals who share your political views, criticize the government, own a weapon, demand a warrant before being questioned or searched, or any other activity viewed as potentially anti-government, racist, bigoted, anarchic or sovereign), you have just been promoted to the top of the government’s terrorism watch list.

Commodities, Stocks, & Bond Yields Are Plunging, S&P Turns Red

Submitted by Tyler Durden on 10/21/2015 - 10:09 The drop had begun before the US open but shortly after the Ferrari IPO opened (and The Bank of Canada maintained its rates), all hell seemed to break loose. Bond yields started tumbling, stocks broke lower (S&P now red), and commodities all plunged in sync...
 

Traders Dump T-Bills Despite Lew's "Hope" US Avoids Crisis

The bloodbathery in Treasury Bills continues this morning with11/12/15 Bills pushing up to 14bps (from 0bps on Friday). Despite the "hopes" of Treasury Secretary Jack Lew that the US avoids a crisis, he warns "there's no margin for error" and with GOP Leadership talks still ongoing (as Paul Ryan lays down his demands), it appears markets are not taking any chances for now.
 

Off To The RACEs - Ferrari's 'Small Float' IPO Roars At Open, Then Stalls

With its IPO price of $52, Ferrari's relatively small float is in great (speculative) demand apparently:
*FERRARI OPENS AT $60.00/SHR, IPO PRICED AT $52
However, after trading up to $60.97, it seems some profit-taking on the "limited to 10,000 cars" automaker is in order...
 

Confusion, Delusions, & Illusions

Two recent surveys, along with numerous other studies and data, reveal most American households to be living on the brink of catastrophe, but continuing to act in a reckless and delusionary manner. Telling people the truth today is meaningless, as they don’t want their illusions destroyed. But destroyed they will be, when this teetering edifice of debt comes crashing down on their heads.

Professor Compares Law-Abiding Gun-Owners To Slaveholders, Calls For Them To Be Shot

Submitted by Tyler Durden on 10/20/2015 - 22:30 "I believe that being shot should be requirement for gun ownership in America. It’s very simple. You need to have gun, like taking selfies with pistols, can’t live with out it? Then take a bullet and you will be granted the right to purchase the firearm of your choice... Gun praisers are just like the people who were in favor of slavery back in the day - the elite, lazy and ignorant"

Furious Germans Stage Massive Anti-Islam Protest: "The Concentration Camps Are Unfortunately Out Of Action"

Meanwhile, In Front Of The NYSE, They Are Celebrating The "Recovery"

Submitted by Tyler Durden on 10/21/2015 - 08:26

And Now A Warning For The Bulls: Gartman Is A "Buyer Of Any Intra-And Inter Day Weakness"

Submitted by Tyler Durden on 10/21/2015 - 09:24 "...we are buyers of any intra-and inter day weakness on balance for that is what one is to do in a bull market."

With Just $10 "You're Wealthier Than 25% Of Americans"

“If you’ve no debts and have $10 in your pocket you have more wealth than 25% of Americans. More than 25% of Americans have collectively that is.”

Teetering Trannies? Oil "Could Get Very Very Ugly, Very Very Quickly"

Submitted by Tyler Durden on 10/21/2015 - 09:00 As WTI Crude tests new lows this morning (Dec contract $45.32) after API reported a huge build, we can't help but wonder "what happens next" in Dow Transports as the exuberant index has decoupled from oil for the 3rd time in a week... the only saving grace for the collapse in oil - Gartman warned "this could get very, very ugly and do so very, very quickly."

Italian Central Bank Chief (And ECB Council Member) Probed Over Corruption, Fraud, & Abuse Of Office

Submitted by Tyler Durden on 10/21/2015 - 08:43 As the world places its 'life' in the hands of a few unelected members of ivory tower trusting them to centrally plan the global utopia, that faith may be shattered by Bank of Italy Governor Ignazio Visco. As Bloomberg reports, Visco and seven other people were place under investigation according to chief prosecutor. While the statement does not list allegations, court documents reveal alleged corruption, fraud, and abuse of office.

From Russia With Love: Assad Unexpectedly Visits Putin In Moscow

"It's Russia’s way of saying he is in our pocket, he is our asset and we will decide whether to keep him. This is for sure a preparation for a deal and one more attempt by the Russians to embolden their bargaining position. The message to the world is that Russia solves problems and you don’t. If you want to solve problems, work with us.”

Biogen Fires 11% Of Workers Despite Reporting Stellar Earnings, Boosting Guidance

There may not be many biotechs with positive cash flows out out there, but the 4th most profitable, Biogen (after Gilead, Amgen and Shire), saw its shares halted moments ago ahead of reporting earnings, which were a blowout. However what is most confusing is why, in light of the company's glowing earnings and impressive guidance, it also announced it would be laying off 11% of its workforce, or about 800 workers, while cutting a number of pipeline programs.

Corrupt Lawmaker Looks To Oust Brazilian President As Crisis Deepens

"Then tell me, future boy, who's President of Brazil in 2016? Then who's vice president?"

20 Reasons Why All The People That Quit Prepping After September Are Dead Wrong

by Michael Snyder, The Economic Collapse Blog:
Millions of Americans were gearing up for some huge event to happen in September, but the world didn’t end and now many of them have given up entirely on prepping.  Of course the truth is that some absolutely earth-shattering events did take place last month, but because September did not play out exactly as some were anticipating, a lot of people feel very let down.  My contacts in the emergency food industry tell me that sales have dropped off dramatically, and yesterday I was told by someone that I trust that the same is true for those that sell precious metals.  But this should not be happening.  What we witnessed in August and September was just the warm up act, and all of the numbers are absolutely screaming at us that we are right on track for a major global crisis.  In this article I am going to focus on economic and financial issues, but there are so many other things going on around the planet right now that threaten to throw our world into turmoil.  Anyone that thinks that it is safe to “relax” now is simply not paying attention.  The following are 20 reasons why all the people that quit prepping after September are dead wrong…
Read More…

Negative Rates for Next 10 Years-Buy Gold-Axel Merk

from USA Watchdog:

Money manager Axel Merk says you simply must own physical gold in this risky environment.
Merk explains, “Many people say why invest in a brick that doesn’t pay interest? When you look at cash paying negative interest rates on a real basis, after inflation, then a brick suddenly doesn’t look so bad anymore. . . . I would allege the Fed is all but promising to be behind the curve. Even if the Fed is trying to raise rates, emphasis on trying, they will be behind inflation. Yes, they will raise rates, but net inflation, real interest rates are going to continue to be negative. If I look out a decade from now, I don’t see how the U.S., Europe, Japan, or any other country can afford positive real interest rates.

U.S. Government Creates “Stealth Tax” to Patch Budget Holes!

from TheMoneyGPS:

Dr. Ron Paul on why the Fed’s days are numbered

from Sovereign Man:
Just had a great weekend in Dallas, where I had the pleasure of spending some time with Dr. Ron Paul.
After our event on Saturday we sat down to record a quick podcast that I’m eager to share with you.
In this quick audio session we covered his views on the biggest issues surrounding the Fed right now:
– Why the Fed is not going to raise interest rates
– How they’ve lost the power to manipulate markets
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Tony Blair’s ‘Deal In Blood’ With Bush Over Iraq War

by Michael Snyder, Daily Mail:
The sensational leak shows that Blair had given an unqualified pledge to sign up to the conflict a year before the invasion started.
It flies in the face of the Prime Minister’s public claims at the time that he was seeking a diplomatic solution to the crisis.
He told voters: ‘We’re not proposing military action’ – in direct contrast to what the secret email now reveals.
The classified document also discloses that Blair agreed to act as a glorified spin doctor for the President by presenting ‘public affairs lines’ to convince a sceptical public that Saddam had Weapons of Mass Destruction – when none existed.
Read More…

Peace Deal In Libya Collapses, US Prepares To Invade

from X22 Report:

Reality Check: Obama Pushes Perpetual War In Seven Countries?

from Ben Swann:

How to Protect Yourself From Border Big Brother

by Mark Nestmann, Nestmann.com:
Big Brother is alive and well at US border crossings. The latest example comes from published accounts describing the recent ordeal of the mayor of Stockton, California, at the San Francisco International Airport.
After attending a conference in China, Mayor Anthony Silva returned to the US, where border officials singled him out for secondary inspection. During that inspection, they confiscated his laptop and smartphones. They demanded Silva disclose his passwords and informed him he would remain in detention until he complied. Silva also learned that he had “no right for a lawyer to be present” and that being a US citizen did not “entitle [Silva] to rights that [he] probably thought.” After revealing his passwords, Silva was allowed to proceed but without his electronic devices.
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