Dear Striking Fast-Food Workers: Meet The Machine That Just Put You Out Of A Job

Dear fast food workers of the US - presenting you nemesis: the Momentum Machines burger maker. It just made all of your jobs obsolete.

"It's Going To Take Years": US Air Force Calls For Ground Troops To "Occupy And Govern" Iraq, Syria

"It’s going to take years. Air power is extremely important. It can do a lot but it can't do everything. Ultimately it cannot occupy territory and very importantly it cannot govern territory."

Portuguese Government Falls As Socialists, Communists Topple PM

Get ready Angela Merkel, because you're about to face another anti-austerity push, only this time, the country "matters"...

Unicorns Dropping Like Flies: First Dropbox; Then Square; Now Fidelity Cuts Snapchat Valuation By 25%

First it was Dropbox. Than it was Jack Dorsey's "other" company, Square. Today, it's the turn of Snapchat, the fourth most highly valued private tech start up: "Fidelity, the only fund manager to have invested in the four-year-old company best known for disappearing photos, wrote down the value of its stake by 25 per cent in the third quarter."

Older Americans Have Never Been More Miserable

"Adults over 30 are less happy than any of their predecessors," concludes a study published last week which examined happiness data from more than 50,000 adults, gleaned from the General Social Survey which has collected information about American adults since 1972. Perhaps most notable is that, for the first time ever, adults ages 18 to 29 were happier than adults over 30.

A Rare Do-Over For Equity Investors?

While the market may still rally to new highs, the late August free fall in stock prices and spike in volatility served as a wake-up call for investors. In the past ten weeks, major equity indices have recovered virtually all those losses, giving investors an unusual second opportunity to position their portfolio for an important inflection point in monetary policy as the Fed likely starts raising interest rates. Simply put, investors who were not properly positioned and frustrated by their performance in the late August swoon are being given a do-over.

Another Former Goldmanite Becomes Fed President: Neel "Chump" Kashkari Replaces Uber-Dove Kocherlakota

Goldman Sachs -> Treasury -> PIMCO -> The Fed

Another "Less Than Meets The Eye" Nasdaq Rally

As Strategas notes "any way we look at it, market breadth remains narrow," but, as Dana Lyon's details, everyone's favorite high-beta squeeze index - Nasdaq - is perhaps the most troubling. Since the initial spike off the September lows, rally participation among all stocks has been lackluster; the Nasdaq provides us with more evidence of this... In fact, over the past month, the cumulative number of daily advancing stocks minus declining stocks on the Nasdaq is actually negative.

Spot The Difference: It's Keynesian Idiocy Groundhog Day, All Over Again

Wholesale Inventories Have Never Been Higher Relative To Sales, Ever

Having risen to its highest level since the middle of the last two recessions, wholesale inventories-to-sales ratio remains at cycle highs at 1.31x. With wholesale sales and inventories both rising 0.5% (both more than expected), however, the absolute difference between sales and inventories has never been higher, leaving either major inventory liquidation ahead (or a miracle in sales). Wholesale inventories have now risen 4.7% YoY, as Sales have fallen 3.9% YoY. Finally, Auto inventories-to-sales ratio dropped very modestly (thanks to the surge in sales), but remains deep in 2008/9 crisis territory.

Here We Go Again: "Warm Weather" Blamed For Poor Retail Sales

Behold! More shark jumping as BofA, Citi blame warm weather for weak October retail sales: "We believe abnormal weather patterns may have biased retail ex-auto sales lower in October."

World Bank Makes A Chilling Announcement That Will Rattle You To The Very Core!

from The Sleuth Journal:

According to the World Bank website, “It is a vital source that offers financial and technical assistance to developing countries around the world. They are not a bank in the common sense. They are made up of two unique development institutions owned by 185 member countries—the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Each institution plays a different but collaborative role to advance the vision of an inclusive and sustainable globalization.”

In their own words the World Bank aims at globalization and will stop at nothing until their vision of global governance is accomplished and recently they have made a bold move in that direction.

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9/11: Challenging Your Normalcy Bias

from, The News Doctors:

Much of the rationale behind the ratcheting up of the government intrusions into our natural individual rights of Life, Liberty and the pursuit of Happiness began on 9/11/2001. Everyday thousands of people around the world wake up to the reality that the official account of events for this day, just don’t make any sense.
If you still hold to the belief that what those of us who have investigated the events of that day can’t be right because your government protectors wouldn’t do this to its own citizens, then you are still asleep. It is time to wake up. Your future depends on the actions you take and the causes you choose to defend. Join the truth seekers who question 9/11. Reclaim your natural rights. Throw off the chains that bind you. The truth will set you free, and topple the oppressive government that seeks to enslave us all.
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Secrets of the Federal Reserve: American Wealth Destroyed by Currency Coup From Within

from Truth Stream Media:

The Federal Reserve remains the 800-pound gorilla. Its moves are of enormous consequence to the economy, and their interests are at odds with those of ordinary Americans.
If people who’ve been thrown out of work, out of their homes and into bankruptcy understood what had been done, and by whom, they would have overthrown it practically overnight.
This insightful video discusses how the New York Federal Reserve is a corporation, largely owned by the top 10 banks – including many international banks – and works to increase the wealth of its shareholders at the expense of everyone else:
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Obama’s Attempt To Attack Guns Just Backfired In A Way He Never Saw Coming

from Western Journalism:

President Obama’s gun control agenda appears to be having the unintended consequence of boosting gun sales in the United States to record levels.
The Washington Beacon reports that the FBI processed a record number of background checks during the month of October: 1,976,759, which is a 373,290 increase over last year. October also marks the sixth month in a row background checks have been at record levels. So far in 2015, the bureau has processed 17,584,346 checks, which it on pace to beat 2013’s record of 21,093,273.
President Obama has made a point, after nearly every major mass shooting incident, to state the need for greater nationwide gun control measures.
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MASS MIGRATION DRIVES UNEMPLOYMENT UP 17 PER CENT IN VIENNA

by Oliver Lane, Breitbart:
Unemployment in otherwise prosperous central European Austria has risen over the past year, with the greatest increase observed among the migrant community.
The latest figures from the Arbeitsmarktservice Österreich (Austrian Public Employment Service, AMS) show that last month, 410,854 people were employed, some 8.7 per cent of the workforce. While this represented a 5.6 per cent increase on average nationwide, actual incidence of unemployment were highly concentrated in certain areas, and among certain communities.
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Gold Reserves By Country 2015 – Top 40

by Louis Cammarosano, Smaulgld:
Below are charts showing the gold reserves by country as reported by the World Gold Council.
The chart shows that the United States is the largest holder of gold in the world. In the last few years Russia and China have increased their gold reserves significantly. The chart shows China to have the sixth largest holdings of the yellow metal with 1,708 tonnes. Even after China updated their official gold holdings in July of 2015, and again in August of 2015, many suspect that China has far more gold than they have reported.
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