Submitted by Tyler Durden on 11/29/2015 - 15:00 So now, here we are in the lull just as we were before that Sept. meeting, And what is happening this time? Well, don’t look now, but there indeed looks to be trouble brewing on the global stage (or should I say “international developments”) that could turn out to be just as big of a headache to the Fed’s reasoning’s on whether or not to “just do it.” Just one of those issues is – once again: China.
by Dave Hodges, The Common Sense Show:
I am so sorry that I feel compelled to unleash the realities of such a hellish nightmare that is beginning to engulf this country. The United States is in the early stages of an economic meltdown. I apologize to the cognitive dissonance crowd, but your days of ignorant bliss are coming to and end. How can I be so sure?
We live in country that only takes in $2 trillion dollars per year, yet we are looking at the most staggering debt in world history:
1. $18 trillion dollar deficit and that is the good news.
2. $240 trillion dollar unfunded and mandated liabilities (e.g. Medicare and Social Security).
Read More
I am so sorry that I feel compelled to unleash the realities of such a hellish nightmare that is beginning to engulf this country. The United States is in the early stages of an economic meltdown. I apologize to the cognitive dissonance crowd, but your days of ignorant bliss are coming to and end. How can I be so sure?
We live in country that only takes in $2 trillion dollars per year, yet we are looking at the most staggering debt in world history:
1. $18 trillion dollar deficit and that is the good news.
2. $240 trillion dollar unfunded and mandated liabilities (e.g. Medicare and Social Security).
Read More
from Spiro:
Four former Air Force drone pilots went public, exposing that many of the Obama administration’s drone strikes have been indiscriminate murder that has nothing to do with fighting Islamic terrorism. Since then, they have had their bank accounts and credit cards frozen by the federal government that they blew the whistle on.
Four former Air Force drone pilots went public, exposing that many of the Obama administration’s drone strikes have been indiscriminate murder that has nothing to do with fighting Islamic terrorism. Since then, they have had their bank accounts and credit cards frozen by the federal government that they blew the whistle on.
"Friend & Ally" Or "Barbaric Death Cult" - You Decide
Submitted by Tyler Durden on 11/29/2015 - 14:25 The latest deranged idea floated by US 'ally and friend' Saudi Arabia’s monarchs is to sue Twitter users comparing the barbaric kingdom to ISIS. The following table demonstrates precisely why the Saudis are so sensitive about the topic. Namely, because the accusations are true.
Former CIA Deputy Director Gives A Stunning Reason Why Obama Has Not Attacked ISIS' Oil Infrastructure
Submitted by Tyler Durden on 11/29/2015 - 12:42 "...we didn’t go after oil wells - actually hitting oil wells that ISIS controls because we didn’t want to do environmental damage."
Paris Is Prologue
Submitted by Tyler Durden on 11/29/2015 - 16:00 The recent attacks in Paris evoke strong emotions for many people, but investors need to look through those feelings to the short, medium, and long-term implications. We believe Paris may mark an important turning point for Europe and the global business cycle... but for different reasons than you may think. There is a chance that the slow disintegration of Europe will drive more capital onto US shores, boosting valuations and fueling a blow-off top in the US equity market; but beware global shocks and take any rally as a chance to get defensive.Greek Prime Minister Joins Diplomatic Scandal Between Russia And Turkey With 4 Tweets
Submitted by Tyler Durden on 11/29/2015 - 15:51
EU Reaches Deal With Turkey, Will Pay €3 Billion To Stem Refugee Outflow, Ease Visas For Turks
Submitted by Tyler Durden on 11/29/2015 - 15:37 As previewed earlier today, moments ago the EU and Turkey reached a deal in which Europe would give Erdogan another €3 billion to be embezzled accordingly (perhaps to buy more tankers for Erdogan's son with which to ferry ISIS oil, or to build a new annex for his palace, or just to recycle the money and purchase even more F-16s from the US), in exchange for which Turkey would promise to close its borders to millions of outpouring Syrian refugees and agree to accept deported refugees already located in Europe.
European HIV Infections Hit Record High, CDC Blames "Migrants And Refugees"
Submitted by Tyler Durden on 11/29/2015 - 13:50 The number of newly diagnosed HIV cases in Europe has hit an all-time high of 142,000, according to The World Health Organization. "Despite all the efforts to fight the disease," WHO officials note that the rise of the epidemic is primarily attributed to Eastern Europe, where new diagnoses have more than doubled. But it is comments from European Centre for Disease Prevention Control acting director Andrea Ammon that raised a number of witch-huntery eye-brows when she explained migrants and refugees were at a high risk of infection after they arrived in Europe, because social exclusion made them more likely to engage in risky behavior.
"It Is All Rather Scary" - Chinese Debt Snowball Gaining Momentum
Submitted by Tyler Durden on 11/29/2015 - 13:15 Financial crises can happen quickly, like the bursting of the tech stock bubble in early 2000, or slowly, like the late-1980s junk bond bust. The shape of the crash depends mostly on the asset in question: Equities can plunge literally overnight, while bonds and bank loans can take a while to reach critical mass. China’s bursting bubble is of the second type. "If, as seems likely, the government has succeeded in getting funding to higher risk sectors by relaxing bond approvals," wrote Christopher Wood of brokerage CLSA in a recent note, "it is all rather scary, given the regulatory failures exposed by the A share boom-bust cycle."
14,000 Refugees Due For Deportation From Sweden Have Vanished: "We Simply Do Not Know Where They Are"
Submitted by Tyler Durden on 11/29/2015 - 17:29 Over half of all the illegal migrants slated for deportation in Sweden have mysteriously disappeared. The National Border Police Section reports that of the 21,748 individuals due to be sent home after their asylum applications were turned down, a whopping 14,140 have simply vanished off the police radar. "We simply do not know where they are”, said a spokesman for the local police.
Black Friday Total Sales Crash 10% (Despite Rise In Online Spend)
Submitted by Tyler Durden on 11/29/2015 - 17:00 We can hear the mainstream media now - "Great News Everyone!! The American consumer is back" - online sales on Black Friday rose 10% to $1.7 billion which ComScore says shows "strong spending." The only problem is - which we suspect will be oddly missing from the mainstream narrative, as ShopperTrak reports total sales on Black Friday crashed 10% to $10.4 billion. While blame has been placed on early opening on Thanksgiving, that is false too since spending on that day also plunged 10%. So, the sales news is unequivocally bad - which is hardly surprising given the collapse in consumer confidence.Inside The ISIS Propaganda Machine: An Up-Close Look At A Militant Media Strategy
Submitted by Tyler Durden on 11/29/2015 - 16:30
“Brother, can you spare a dime?” is one of the best-known American songs of the Great Depression. The question was commonly asked by drifters hoping to be able to use the dime to buy a meal or two as they wandered the country looking for work. However, that was the 1930’s. Thus, it begs the question: in today’s economy, what’s a dime really worth? Is it still worth just a meal or two? Up until 1965, most American coinage was comprised of 90% silver, which is commonly referred to today as “junk” silver. Starting in 1965, the U.S. Mint diluted our coinage with lower value metals, with our nickel being the only current exception.
Imagine a world where the fiat dollar has collapsed. As John Lennon would tell us, it’s easy if you try.
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by Joshua Krause, The Daily Sheeple:
When you examine the precious metals market, what you’re really looking at is two separate markets, being fueled by two very different buyers. There are those who feel that the stock market is a great investment, and those who feel that our financial system can’t be trusted. Stock buyers are feeling good right now, so they’re pushing “safe haven” assets out of their portfolios. Meanwhile, the folks who don’t trust the system have put their faith in real gold, and buy it whenever they can.
Unfortunately for gold miners, this asset is priced by the former of the two. Paper gold sets the price of real gold, even though paper gold is being backed by less and less real gold as time goes on.
Read More
When you examine the precious metals market, what you’re really looking at is two separate markets, being fueled by two very different buyers. There are those who feel that the stock market is a great investment, and those who feel that our financial system can’t be trusted. Stock buyers are feeling good right now, so they’re pushing “safe haven” assets out of their portfolios. Meanwhile, the folks who don’t trust the system have put their faith in real gold, and buy it whenever they can.
Unfortunately for gold miners, this asset is priced by the former of the two. Paper gold sets the price of real gold, even though paper gold is being backed by less and less real gold as time goes on.
Read More
by Jim Quinn, The Burning Platform:
Technological progress has merely provided us with more efficient means for going backwards.” – Aldous Huxley – Ends and Means
The level of distress being produced by technology was probably underestimated by Strauss & Howe when they wrote their book in 1997. The internet, cell phones and e-commerce were still in their infancy, while cyber security was an unknown concept. Huxley would be shocked by how backwards we have “progressed” through the efficient distribution of iGadgets, creating millions of distracted, non-thinking, passive, easily pliable, willfully ignorant sheep who adore their technological servitude.
A vast swath of the populace never reads a book and can’t go more than a few minutes without checking their iGadget to view the latest funny cat video, the latest update on Kim Kardashian’s ass, Bruce/Caitlyn Jenner’s courage, or Lamar Odom’s latest whorehouse escapade.
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Technological progress has merely provided us with more efficient means for going backwards.” – Aldous Huxley – Ends and Means
The level of distress being produced by technology was probably underestimated by Strauss & Howe when they wrote their book in 1997. The internet, cell phones and e-commerce were still in their infancy, while cyber security was an unknown concept. Huxley would be shocked by how backwards we have “progressed” through the efficient distribution of iGadgets, creating millions of distracted, non-thinking, passive, easily pliable, willfully ignorant sheep who adore their technological servitude.
A vast swath of the populace never reads a book and can’t go more than a few minutes without checking their iGadget to view the latest funny cat video, the latest update on Kim Kardashian’s ass, Bruce/Caitlyn Jenner’s courage, or Lamar Odom’s latest whorehouse escapade.
Read More
from CCTV Africa:
Located in east Africa, Kenya lies right on the equator and enjoys a warm and humid tropical climate all year. Despite being one of the most industrially developed countries in the region, agriculture still plays a major part in the nation’s economy. And now, China is willing to lend a helping hand. Besides language and culture, agricultural technology courses are also offered at the Confucius Institute at Kenya’s Egerton University.
Located in east Africa, Kenya lies right on the equator and enjoys a warm and humid tropical climate all year. Despite being one of the most industrially developed countries in the region, agriculture still plays a major part in the nation’s economy. And now, China is willing to lend a helping hand. Besides language and culture, agricultural technology courses are also offered at the Confucius Institute at Kenya’s Egerton University.
from Washington’s Blog:
The Roman Empire fell in tragic-comedy; gluttonous plutocrats demanding literal worship as “divine” until critical mass among the people rejected such ridiculous subversion of former Roman virtue. The most prolific Roman historian, Livy, witnessed Rome’s transition into dictatorial empire with Augustus Caesar as first emperor. In his preface to address 700 years of Roman history:
“I have no doubt that the earliest origins and the immediately succeeding period will give less delight to the majority of readers who are hurrying to these recent times in which the might of a most powerful people has long been destroying itself.
The Roman Empire fell in tragic-comedy; gluttonous plutocrats demanding literal worship as “divine” until critical mass among the people rejected such ridiculous subversion of former Roman virtue. The most prolific Roman historian, Livy, witnessed Rome’s transition into dictatorial empire with Augustus Caesar as first emperor. In his preface to address 700 years of Roman history:
“I have no doubt that the earliest origins and the immediately succeeding period will give less delight to the majority of readers who are hurrying to these recent times in which the might of a most powerful people has long been destroying itself.
Read More
from RT:
A reporter from American broadcaster CNN has found herself in the middle of a scandal. Declassified State Department emails show she was receiving orders from a government official.
A reporter from American broadcaster CNN has found herself in the middle of a scandal. Declassified State Department emails show she was receiving orders from a government official.
from Western Journalism:
The Obama Administration is issuing a showdown with states that are refusing to accept Syrian refugees. The administration sent a letter telling states they would be subject to enforcement action if they do not comply with federal plans to import thousands of refugees to the United States over the next few years.
“Any state with such a policy would not be in compliance with the State Plan requirements, applicable statutes, and their own assurances, and could be subject to enforcement action, including suspension and termination,” the letter stated.
Read More
The Obama Administration is issuing a showdown with states that are refusing to accept Syrian refugees. The administration sent a letter telling states they would be subject to enforcement action if they do not comply with federal plans to import thousands of refugees to the United States over the next few years.
“Any state with such a policy would not be in compliance with the State Plan requirements, applicable statutes, and their own assurances, and could be subject to enforcement action, including suspension and termination,” the letter stated.
Read More
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