While understandably all eyes have been fixed on every monthly capital outflow update from China (even the ones that the Politburo is clearly massaging), few have noticed that one of the biggest total outflows currently in the global developed economy is taking place right in America's own back yard.
China has alot of experience dealing with Mentally Ill leaders...
US Will Send Warships To China Islands "Twice A Quarter", Pentagon Says
"We’re going to come down to about twice a quarter or a little more than that. That’s the right amount to make it regular but not a constant poke in the eye."
How The Fed Has Backed Itself Into A Corner
The Fed is weighing the negative consequences of a strong dollar on corporate profits vs. unleashing inflation on the electorate, pressuring long term interest rates. We will soon see which negative scenario they favor and why.
Somebody Will Do Something Stupid"
There are a multitude of fuses affixed to dozens of powderkegs and little kids with matches are on the loose.
Obama To Openly Welcome Criminals As Government Workers
President Obama has just unleashed a new executive order to remove admission of a criminal history from job applications, or in The White House's words, to reduce potential discrimination against former convicts in the hiring process for federal government employees. As NBC News reports, this is a further step towards what many criminal justice reformers call "ban the box" – the effort to eliminate requirements that job applicants check a box on their applications if they have a criminal record - and continues Obama’s emphasis on assisting criminals who want to re-enter society as part of his continuing agenda items from his "My Brother’s Keeper Task Force."
Stunned By Today's Furious Surge: Here Is What Happened
Another month-start massive short-squeeze...It seems the Truth Hurts...watch this first...
then read this
Austrian Politician Under Fire After Agreeing That "Zionist Money Jews Are The Global Problem"
"It is great. You took the words right out of my mouth. There are a lot of things that I am not allowed to write. Therefore I’m even more pleased with courageous, independent people."Stocks Melt-Up To Dot-Com Highs Amid Decouplings, Divergences, & Fun-Durr-Mentals
Wall Street Financial Engineering At Work - How Valeant Got Vaporized
Financial engineering scams like Tyco and Valeant would never happen in an honest free market. Short sellers would shut them down long before they reach egregious levels of over-valuation; and the cost of honest downside market insurance (i.e. S&P 500 puts) and market driven carry cost would dramatically reduce the profitability of speculation and the amount of punters and capital in the casino. In today’s broken markets and corrupt regime of central bank driven crony capitalism, however, bubbles inflate in individual securities, as well as in broad sectors and the market as a whole, until they reach egregious, self-correcting extremes. Then they violently implode, creating immense waves of collateral damage in the process. Perhaps then the American people will learn that Yellen & Co have actually been in the un-wealth effects business for way too long.
6 Reasons To Be Bullish (Or Not) On Stocks
While there are certainly reasons to be "hopeful" that stocks will continue to rise into the future, "hope" has rarely been a fruitful investment strategy longer term. Therefore, let's analyze each of the optimist's arguments from both perspectives to eliminate "confirmation bias."
Good Little Maoists
Submitted by Tyler Durden on 11/02/2015 - 15:25 Sometimes societies just go batshit crazy.
Mainstream Media Politics Explained
Presented with no comment.Billionaires Troll Middle Class With "14 Things Successful People Do Before Breakfast" Listicle
Atlanta Fed Q4 GDP Forecast Tumbles From 2.5% To 1.9%
Just a few days after we got a very disappointing Q3 GDP print of only 1.5% annualized growth, of which healthcare spending accounted for over a third, the Atlanta Fed's GDPNow forecast, which has traditionally been the most accurate indicator of real-time GDP swings, was just slashed by nearly a quarter from the 2.5% as originally reported on October 30, to just 1.9%.
Nasdaq 100 Highest Since Dot-Com, VIX 13 Handle, S&P Breaks 2,100
Submitted by Tyler Durden on 11/02/2015 - 14:00 As Nasdaq 100 surges above July 2015 cycle highs towards 2000 record highs and the S&P 500 breaks the key 2,100 level - erasing all the losses from August 11th's start of China's devaluation, global markets in turmoil collapse - on ever-decreasing volume, it appears the credit market 'changed its mind' after Europe closed. What happens next?
Meet The New York Fed's Latest Director: The Ex-CEO Of Another Bailed Out Bank
The Federal Reserve was supposed to serve the nation, however as even Bloomberg observes today, ended up "steamrolling" Main Street. One reason why: directors such as this one. Presenting former Morgan Stanley CEO, James Gorman, whose former employer got a $107 billion loan from the Federal Reserve to avoid implosion.
Santelli Slams Protesters Blockading CME As Traders Unload On "Soros Paid Morons"
The entrance to The CME has been blocked for most of the morning by "Soros-paid Morons" according to one trader. Rick Santelli has a few opinions on the apparently ill-informed protesters' actions, and concluded, "It would be sad commentary - based on what the politicians have done with the budget - to chase more companies out of Illinois."This is my second interview with Rebekah Roth, former flight attendant turned researcher, truth teller and author.
In this interview Rebekah and I discuss some extremely disturbing new evidence that speaks directly to the Israeli art students and their premeditation and intent to murder the occupants in the world trade centers.
Every single American citizen should know the truth about what happened on 9/11 and the months leading up to it – and who the REAL culprits were.
‘Methodical Deception’ is the follow up to Rebekah’s very popular first book ‘Methodical Illusion’. Bo
from The Wealth Watchman:
Since the very inception of the financial crisis of 2008, many nations
in the West(such as Greece, Ireland, or Cyprus) have found that they’ve
lost not only financially to the banksters that caused it, but even
more sadly, they’ve found that they’ve lost their freedoms and political
sovereignty as well. This loss of freedom has been the worst blow of
all, for a man can lose his wealth, and still have all the things needed
for a good life. Freedom though, once lost, deprives a man of his very
dignity, and can be extraordinarily hard to win back.However, while we’ve had to endure heart-wrenching stories of countries being made into totally humiliated puppet-states of the banksters…there have been a few success stories of peoples maintaining their freedom & dignity after the banking crisis, and even dealing a mighty blow to the bankers. One such heartening exception has been Iceland, where this newest announcement there just reminded the world, that they dare to defend their people against unscrupulous money lenders. Read this, if you haven’t already:
Read More…
Europe Will Never Be The Same; Neither Will The World
Submitted by Tyler Durden on 11/02/2015 - 13:24 People are genetically biased against change, because change means potential danger. People are also genetically biased against acknowledging this bias, because they wish to see themselves as being able to cope with both change and danger. Put together, this means that when changes come, people are largely unprepared or underprepared. This little bit of psychology 101 may seem redundant, but it is indispensable if we wish it to recognize the implications of Europe -and the entire world with it, in its slipstream- having already entered a period of change so profound it is impossible to predict what the impact will be. This ignorance and denial threatens to lead to a needless increase in nationalism, fascism, violence, misery, death and warfare. If we were to acknowledge that the change is inevitable, and prepare ourselves accordingly, much of this could be avoided.Idiots...
Five months ago in my article “Venezuela’s Gold Reserves – Part 2: From Repatriation to Reactivation“, I concluded that:
“given the deteriorating state of Venezuela’s international finances and international reserves at the present time, it may be sooner rather than later before Venezuelan gold could be on the move again out of the country.
One thing is for sure. Gold leaving Venezuela on a flight back to London, New York, or elsewhere, will not get the fanfare and celebration that was accompanied by the same gold’s arrival into Caracas a few short years ago.“
Those predictions now seem to have come to pass because there is now evidence that the Banco Central Venezuela (BCV) shipped gold out of Maiquetía Airport (Caracas international Airport) in early July 2015, and there is also separate evidence that Venezuela’s official gold reserve holdings, which are managed by the BCV, dropped by 60 tonnes between March and April 2015. These are two distinct events.
Read More
from Dollar Collapse:
Russia’s decision to bomb pretty much everyone opposed to Syria’s Assad regime — including the guys the US was training and funding — startled the West last month. But at least we didn’t have any personnel there at the time, right?
Well, that might be about to change:
Obama orders US special forces to ‘assist’ fight against Isis in Syria
(Guardian) – Barack Obama has ordered up to 50 special operations troops to Syria, US officials announced on Friday, in an apparent breach of a promise not to put US “boots on the ground”, to fight Islamic State militants in the country.
Read More
Russia’s decision to bomb pretty much everyone opposed to Syria’s Assad regime — including the guys the US was training and funding — startled the West last month. But at least we didn’t have any personnel there at the time, right?
Well, that might be about to change:
Obama orders US special forces to ‘assist’ fight against Isis in Syria
(Guardian) – Barack Obama has ordered up to 50 special operations troops to Syria, US officials announced on Friday, in an apparent breach of a promise not to put US “boots on the ground”, to fight Islamic State militants in the country.
Read More
from GoldSeek:
The
US economy grew at a 1.5% inflation-adjusted rate in the third quarter,
or so said the Bureau of Economic Analysis in its first GDP estimate
last week. The number is subject to revision and will probably change.
Based on recent experience, revisions could easily push it below 1% or
above 2%. Since this is “real” GDP, it also depends on inflation
numbers. BEA doesn’t use the familiar Consumer Price Index for this
purpose – CPI comes from an entirely different agency, the Bureau of
Labor Statistics.
You can get quite different real GDP growth numbers if you use the inflation figures calculated by the Dallas Federal Reserve Bank. The Dallas Fed developed something called trimmed PCE, the use of which would make real 3Q GDP growth 1.1%. Or, if we all decided that the calculation of “median CPI” performed by the Cleveland Fed was what we should use, then GDP growth was about 0.3%. (Which is of course why we don’t use it!)
Read More
The
US economy grew at a 1.5% inflation-adjusted rate in the third quarter,
or so said the Bureau of Economic Analysis in its first GDP estimate
last week. The number is subject to revision and will probably change.
Based on recent experience, revisions could easily push it below 1% or
above 2%. Since this is “real” GDP, it also depends on inflation
numbers. BEA doesn’t use the familiar Consumer Price Index for this
purpose – CPI comes from an entirely different agency, the Bureau of
Labor Statistics. You can get quite different real GDP growth numbers if you use the inflation figures calculated by the Dallas Federal Reserve Bank. The Dallas Fed developed something called trimmed PCE, the use of which would make real 3Q GDP growth 1.1%. Or, if we all decided that the calculation of “median CPI” performed by the Cleveland Fed was what we should use, then GDP growth was about 0.3%. (Which is of course why we don’t use it!)
Read More
by Pater Tenebrarum, Acting-Man.com:
An Impressive Rebound, but Hollow Inside
In his recent weekly market update, John Hussman once again discusses his main bearish argument, namely the combination of market overvaluation and deteriorating internals. He rightly (in our opinion) regards the latter as a signal indicating a shift in risk appetites. Here are two quotes from the article summarizing the essential points:
“Valuations are the primary driver of long-term returns, and the risk-preferences of investors — as conveyed by the uniformity or divergence of market action across a broad range of individual stocks, industries, sectors and security types (including credit) — drive returns over shorter portions of the market cycle.”
Read More…
An Impressive Rebound, but Hollow Inside
In his recent weekly market update, John Hussman once again discusses his main bearish argument, namely the combination of market overvaluation and deteriorating internals. He rightly (in our opinion) regards the latter as a signal indicating a shift in risk appetites. Here are two quotes from the article summarizing the essential points:
“Valuations are the primary driver of long-term returns, and the risk-preferences of investors — as conveyed by the uniformity or divergence of market action across a broad range of individual stocks, industries, sectors and security types (including credit) — drive returns over shorter portions of the market cycle.”
Read More…
from DAHBOO77:
from Armstrong Economics:
QUESTION: Martin; Why in the world anyone would invest in government debt when they all default in the end?
GH
ANSWER: Honestly, most people are oblivious to the fact that governments always default in modern times. Jean Baptiste Say took the position that a rational businessman will never hoard money because of inflation and he will promptly spend any money he gets “for the value of money is also perishable.” (“A Treatise on Political Economy”, Book I Chapter XV, 1803 id/138–9). Before modern times, money was ALWAYS debased or devalued as a means of paying expenses. It was easier to do this, even when using metal for coins, than to tax or borrow.
Read More
QUESTION: Martin; Why in the world anyone would invest in government debt when they all default in the end?
GH
ANSWER: Honestly, most people are oblivious to the fact that governments always default in modern times. Jean Baptiste Say took the position that a rational businessman will never hoard money because of inflation and he will promptly spend any money he gets “for the value of money is also perishable.” (“A Treatise on Political Economy”, Book I Chapter XV, 1803 id/138–9). Before modern times, money was ALWAYS debased or devalued as a means of paying expenses. It was easier to do this, even when using metal for coins, than to tax or borrow.
Read More
from Mike Maloney:
by Dave Kranzler, Investment Research Dynamics:
Andrew Maguire has been a controversial figure in the gold/silver world ever since he blew the whistle on JP Morgan’s silver manipulation. The information provided by Maguire to GATA was presented by GATA’s Bill Murphy at a hearing held by the CFTC on the precious metals market manipulation in March 2010. Maguire had originally sent an email to someone in the CFTC enforcement which detailed how the precious metals would be attacked two days later when the non-farm payroll report was released. Maguire wrote to the CFTC after the attack:
It is common knowledge here in London among the metals traders that it is JPM’s intent to flush out and cover as many shorts as possible prior to any discussion in March about position limits. I feel sorry for all those not in this loop. A serious amount of money was made and lost today and in my opinion as a result of the CFTC’s allowing by your own definition an illegal concentrated and manipulative position to continue.
Read More
Andrew Maguire has been a controversial figure in the gold/silver world ever since he blew the whistle on JP Morgan’s silver manipulation. The information provided by Maguire to GATA was presented by GATA’s Bill Murphy at a hearing held by the CFTC on the precious metals market manipulation in March 2010. Maguire had originally sent an email to someone in the CFTC enforcement which detailed how the precious metals would be attacked two days later when the non-farm payroll report was released. Maguire wrote to the CFTC after the attack:
It is common knowledge here in London among the metals traders that it is JPM’s intent to flush out and cover as many shorts as possible prior to any discussion in March about position limits. I feel sorry for all those not in this loop. A serious amount of money was made and lost today and in my opinion as a result of the CFTC’s allowing by your own definition an illegal concentrated and manipulative position to continue.
Read More
by Michael Snyder, End of the American Dream:
More than 25 million people live in the vicinity of North America’s 2nd-highest volcano, and in recent weeks this volcano has been steadily rumbling and has been spewing out massive amounts of black smoke and ash. I have previously written about “the most dangerous mountain in the United States” (Mt. Rainier), but if the volcano that I am talking about today experiences a full-blown explosive eruption it could potentially be a cataclysmic event beyond what most of us would dare to imagine. Popocatepetl is an Aztec word that means “smoking mountain”, and it is also the name of a giant volcano that sits approximately 50 miles away from Mexico City’s 18 million residents. “Popo”, as it is called by locals, was dormant for much of the 20th century, but it came back to life in 1994. And now all of this unusual activity in recent weeks has many wondering if a major eruption may be imminent.
Read More…
More than 25 million people live in the vicinity of North America’s 2nd-highest volcano, and in recent weeks this volcano has been steadily rumbling and has been spewing out massive amounts of black smoke and ash. I have previously written about “the most dangerous mountain in the United States” (Mt. Rainier), but if the volcano that I am talking about today experiences a full-blown explosive eruption it could potentially be a cataclysmic event beyond what most of us would dare to imagine. Popocatepetl is an Aztec word that means “smoking mountain”, and it is also the name of a giant volcano that sits approximately 50 miles away from Mexico City’s 18 million residents. “Popo”, as it is called by locals, was dormant for much of the 20th century, but it came back to life in 1994. And now all of this unusual activity in recent weeks has many wondering if a major eruption may be imminent.
Read More…
from Paul Craig Roberts:
Russia’s president is a refreshing contrast to the liars who inhabit Western governments and Western media. The agenda of the Russian government is peace and international cooperation under the rule of law. Washington’s agenda is hegemony.
President Putin endeavors to lead the world to peace, while the neoconservatives who control Washington’s foreign policy try to drive the world to war. Contrast the crazed statements that flow from Washington comparing President Putin to Hitler, suggesting his assassination, and calling for shooting down Russian military aircraft with President Putin’s appeal that Washington abandon its hegemonic agenda and submit to international law and international cooperation. As President Putin has emphasized, for Washington “international cooperation” means submission to Washington’s will.
Read More
Russia’s president is a refreshing contrast to the liars who inhabit Western governments and Western media. The agenda of the Russian government is peace and international cooperation under the rule of law. Washington’s agenda is hegemony.
President Putin endeavors to lead the world to peace, while the neoconservatives who control Washington’s foreign policy try to drive the world to war. Contrast the crazed statements that flow from Washington comparing President Putin to Hitler, suggesting his assassination, and calling for shooting down Russian military aircraft with President Putin’s appeal that Washington abandon its hegemonic agenda and submit to international law and international cooperation. As President Putin has emphasized, for Washington “international cooperation” means submission to Washington’s will.
Read More
from Ready Nutrition:
With just a flick of a switch, we have light. So many of us have become accustomed to the convenience of electricity that we’ve forgotten how to get along without it. A campfire or the light cast from a fireplace will certainly provide light, but it’s not very convenient or portable.
Field scientists have discovered fossilized campfire remains of charred bones that provide evidence that pre-date Homo sapiens. These remains give evidence that while those humanoids may have learned to take advantage of naturally occurring fires more than one million years ago, they hadn’t figured out yet how to kindle a fire on their own.
Read More
With just a flick of a switch, we have light. So many of us have become accustomed to the convenience of electricity that we’ve forgotten how to get along without it. A campfire or the light cast from a fireplace will certainly provide light, but it’s not very convenient or portable.
Field scientists have discovered fossilized campfire remains of charred bones that provide evidence that pre-date Homo sapiens. These remains give evidence that while those humanoids may have learned to take advantage of naturally occurring fires more than one million years ago, they hadn’t figured out yet how to kindle a fire on their own.
Read More
by Justin O’Connell, GoldSilverBitcoin:
In many shipwrecks, gold is among the items found on-board a fallen vessel. For goldbugs, that is what makes a recent shipwreck discovery in Greece so intriguing.
A joint Greek-American archaeological expedition in the small Fourni archipelago, an area of merely 17 square miles, has turned up one of the great archaeological finds of 2015, according to Discovery.
Fourni is located in the middle of major east-west crossing route, and also the north-south route which once connected the Aegean to the Levant. When traveling from the Greek mainland to Asia minor, ships en route to the Levant from Aegan passed by Fourni. This expedition was the first organized to the islands.
Read More
In many shipwrecks, gold is among the items found on-board a fallen vessel. For goldbugs, that is what makes a recent shipwreck discovery in Greece so intriguing.
A joint Greek-American archaeological expedition in the small Fourni archipelago, an area of merely 17 square miles, has turned up one of the great archaeological finds of 2015, according to Discovery.
Fourni is located in the middle of major east-west crossing route, and also the north-south route which once connected the Aegean to the Levant. When traveling from the Greek mainland to Asia minor, ships en route to the Levant from Aegan passed by Fourni. This expedition was the first organized to the islands.
Read More
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