"In my opinion Janet Yellen is highly political and she's not raising rates for a very specific reason: because Obama told her not to because he wants to be out playing golf in a year from now and he wants to be doing other things and he doesn't want to see a big bubble burst during his administration."
from Daily Reckoning:
Michael Smithson, a social scientist at Australian National University uses this analogy about knowledge and ignorance:
“The larger the island of knowledge grows, the longer the shoreline – where knowledge meets ignorance – extends. The more we know, the more we can ask. ….Answers breed questions. Curiosity isn’t merely a static disposition but rather a passion of the mind. ….Mapping the coast of the island of knowledge, to continue the metaphor, requires a grasp of the psychology of ambiguity.
The ever-expanding shoreline, where questions are born of answers, is terrain characterized by vague and conflicting information. The resulting state of uncertainty, psychologists have shown, intensifies our emotions: not only exhilaration and surprise, but also confusion and frustration.”
Read More…
Michael Smithson, a social scientist at Australian National University uses this analogy about knowledge and ignorance:
“The larger the island of knowledge grows, the longer the shoreline – where knowledge meets ignorance – extends. The more we know, the more we can ask. ….Answers breed questions. Curiosity isn’t merely a static disposition but rather a passion of the mind. ….Mapping the coast of the island of knowledge, to continue the metaphor, requires a grasp of the psychology of ambiguity.
The ever-expanding shoreline, where questions are born of answers, is terrain characterized by vague and conflicting information. The resulting state of uncertainty, psychologists have shown, intensifies our emotions: not only exhilaration and surprise, but also confusion and frustration.”
Read More…
Another Inconvenient Truth? New NASA Study Finds Antarctica Is Gaining Ice
Well this is awkward. Just a month after former Aussie PM Tony Abbott openly questioned global warming data (and was 'replaced'), a new NASA study finds another inconvenient truth - Antarctica has been adding more ice than it's been losing, challenging other research, including that of the UN's Intergovernmental Panel on Climate Change, that concludes that Earth’s southern continent is losing land ice overall. Perhaps it is time to burn just a little more fossil fuel? And maybe VW was doing a global good with its defeat device? Paging Al Gore.
Banking 101
...what would "we, the people" do without the banks?
from Western Journalism:
Nine figures far removed from the everyday pulse of American life threaten the very principles America was founded upon, says one of America’s foremost conservative legal minds.
The activist U.S. Supreme Court and its liberal rulings threaten “the destruction of our democratic system,” U.S. Supreme Court Justice Antonin Scalia said last week in California.
“Do you think the American people would ever have ratified” the Constitution if they had been told, “the meaning of this document shall be whatever a majority of the Supreme Court says it is?” Scalia asked in a speech at Santa Clara University.
Read More
Nine figures far removed from the everyday pulse of American life threaten the very principles America was founded upon, says one of America’s foremost conservative legal minds.
The activist U.S. Supreme Court and its liberal rulings threaten “the destruction of our democratic system,” U.S. Supreme Court Justice Antonin Scalia said last week in California.
“Do you think the American people would ever have ratified” the Constitution if they had been told, “the meaning of this document shall be whatever a majority of the Supreme Court says it is?” Scalia asked in a speech at Santa Clara University.
Read More
What's Next: Deflation, Inflation, Or Hyperinflation?
Almost all serious analysts see a Terminal problem developing - "We will go from deflation to hyperinflation without seeing inflation." But hyperinflation is a political phenomenon. It is caused by those same authorities the masses think they can trust. When they are threatened, they will protect themselves by printing money on a scale we haven’t seen since the War Between the States (consumer prices in Richmond, Virginia, had risen 6,700% by the end of the war).
by Michael Snyder, The Economic Collapse Blog:
What you are about to see is more evidence that the growth of poverty in the United States is wildly out of control. It turns out that there is a tremendous amount of suffering in “the wealthiest nation on the planet”, and it is getting worse with each passing year. During this election season, politicians of all stripes are running around telling all of us how great we are, but is that really true? As you will see below, poverty is reaching unprecedented levels in this country, and the middle class is steadily dying. There aren’t enough good jobs to go around, dependence on the government has never been greater, and it is our children that are being hit the hardest. If we have this many people living on the edge of despair now, while times are “good”, what are things going to look like when our economy really starts falling apart? The following are 21 facts about the explosive growth of poverty in America that will blow your mind…
Read More…
What you are about to see is more evidence that the growth of poverty in the United States is wildly out of control. It turns out that there is a tremendous amount of suffering in “the wealthiest nation on the planet”, and it is getting worse with each passing year. During this election season, politicians of all stripes are running around telling all of us how great we are, but is that really true? As you will see below, poverty is reaching unprecedented levels in this country, and the middle class is steadily dying. There aren’t enough good jobs to go around, dependence on the government has never been greater, and it is our children that are being hit the hardest. If we have this many people living on the edge of despair now, while times are “good”, what are things going to look like when our economy really starts falling apart? The following are 21 facts about the explosive growth of poverty in America that will blow your mind…
Read More…
WTI Crude Soars Above $48, Highest In 4 Weeks
Echoing the end of August face-ripping rally, WTI crude has soared almost 12% in the last 4 days, pushing the Dec contract above $48 for the first time since mid-September... And the reason? Well, The Fed is raising rates and they wouldn't do that if the economy was not awesome, right?
Introducing Fannie Mae's Instant Underwater Mortgage - 3% Down, No Cash Needed
Will we never learn?
"Shocking And Incredible": IG Slams DOD For "Having No Knowledge" About $800 Million Program
By now most have heard of the infamous gas station in Sheberghan, northern Afghanistan which "cost" the U.S. Department of Defense nearly $43 million to "build."As it turns out this was nothing. As the IG notes, somehow the Department of Defense lost all track and knowledge of a "reconstruction" program that amounted to a whopping $800 million...
EURUSD Drops After Draghi Repeats Same Dovish Message Once Again
In a speech that was not supposed to discuss monetray policy, Mario Draghi appears to have been unable to control himself and repeated - once again - the same dovish message that he has for months: *DRAGHI: ECB WILLING TO ACT TO MAINTAIN MONETARY ACCOMMODATION, TO BE EXAMINED IN DECEMBERAnd - once again - in its goldfish-memory-like manner, EURUSD legged lower, to the lows of the day as Pavlovian algos are unable to see through the same regurged jawboning.
Presenting 5+1 Ways To Smuggle Billions Out Of China
Victim Body Parts Suggest "Powerful Explosion" Most Likely Cause Of Russian Airplane Crash
"A large number of body parts may indicate that a powerful explosion took place aboard the plane before it hit the ground."
30Y Yield Tops 3.00%, Highest Since Fed Folded In September
As we noted earlier, the market is starting - it appears - to take The Fed seriously...
Over 40% Of Chinese Goods Sold Online Are Counterfeit
Following a recent report documenting the surge in empty malls littering China, many suggested that this is indicative of a shift to online shopping and migration to platforms such as Alibaba. That may well be the case, but unlike in the US where one is assured at least some quality control and has a rational expectation that what was ordered online is what will be delivered, in China the reality is far different. According to China's official news agency, Xingua, more than 40% of goods sold online in China last year were either counterfeits or of bad quality, illustrating the extent of a problem that has bogged down the fast-growing online sector.
Bond Yields Grind Higher As December Rate Hike Suddenly All Too Real
It's different this time... The last two times that Fed hike probabilities (and thus timing of liftoff) surged, the long-end of the bond market rallied (suggesting a premature hike would slow the economy medium-term). The last few days, since The FOMC Statement, Treasury yields have surged (with the short-end underperforming) as 10Y tops 2.25% and 30Y nears 3.00%. As BofAML noted, "if The Fed hikes rates and the long end yield tumbles, that means policy failure," and so we suspect, in all its confirming-bias perfection, the long-end is being sold to 'convince' the world that The Fed is right to raise rates.
Russia Set To Host "Negotiations" Between Assad, Syrian Opposition As Iran Hardens Stance
Russia is reportedly set to host negotiations between the Assad government and the Syrian opposition in Moscow next week, although it isn't at all clear that the invitees play a meaningful role in the conflict. Meanwhile, Maria Zakharova is out with comments about Syria's political future which the Western media are interpreting as an admission that Russia is willing to let Assad go.
The days of the « Arab Spring » are almost over. As of now, the White House and the Kremlin are redesigning the contours of the « Greater Middle East ». However, their agreement, which was concluded before the Russian military intervention in Syria, could still be modified by the changes in the balance of power. There is no proof that Moscow will accept the stabilisation of Syria or ignore the partition of Turkey and Saudi Arabia which are soon to begin. In any event, the coming upheaval will modify the status quo which has been in place for the last five years. Most of the powers implicated are therefore scrambling to change sides before the other players.
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from The Burning Platform:
“Are the good times really over for good?” asked Merle Haggard in his 1982 lament.
Then, the good times weren’t over. In fact, they were coming back, with the Reagan recovery, the renewal of the American spirit and the end of a Cold War that had consumed so much of our lives.
Yet whoever wins today, it is hard to be sanguine about the future. The demographic and economic realities do not permit it.
image/utotherescue.blogspot.com
Read More
“Are the good times really over for good?” asked Merle Haggard in his 1982 lament.
Then, the good times weren’t over. In fact, they were coming back, with the Reagan recovery, the renewal of the American spirit and the end of a Cold War that had consumed so much of our lives.
Yet whoever wins today, it is hard to be sanguine about the future. The demographic and economic realities do not permit it.
image/utotherescue.blogspot.com
Read More
from The Daily Coin:
In what could be a game changer for industrial silver, Natcore announced in August 2015 that it has successfully replaced the silver backing in solar cells. While this great news for the solar industry, the implications for silver are as yet unknown.
According to PV Magazine:
Natcore has successfully eliminated silver from an all-back-contact silicon heterojunction cell, and replaced it with aluminum. No loss of performance was said to have been recorded at the company’s R&D center in Rochester, the U.S. A provisional patent application is expected to be filed in the next two weeks.
Read More
In what could be a game changer for industrial silver, Natcore announced in August 2015 that it has successfully replaced the silver backing in solar cells. While this great news for the solar industry, the implications for silver are as yet unknown.
According to PV Magazine:
Natcore has successfully eliminated silver from an all-back-contact silicon heterojunction cell, and replaced it with aluminum. No loss of performance was said to have been recorded at the company’s R&D center in Rochester, the U.S. A provisional patent application is expected to be filed in the next two weeks.
Read More
from Outsider Club:
The United States continues to insist that there’s plenty of room at the top, that we’re eager to welcome China as a partner.
China says much the same thing, even though it’s grown more forceful in pressing its claims and expanding its influence. Beijing says China is concerned only with its own defense — not challenging the United States militarily.
However, if you look at what’s actually happening, it looks like both countries are lying through their teeth.
In fact, a war with China isn’t just inevitable — it’s already taking place.
Read More
The United States continues to insist that there’s plenty of room at the top, that we’re eager to welcome China as a partner.
China says much the same thing, even though it’s grown more forceful in pressing its claims and expanding its influence. Beijing says China is concerned only with its own defense — not challenging the United States militarily.
However, if you look at what’s actually happening, it looks like both countries are lying through their teeth.
In fact, a war with China isn’t just inevitable — it’s already taking place.
Read More
from The Sleuth Journal:
It is often said there only two kinds of people in this world: those who know, and those who don’t. I would expand on this and say that there are actually three kinds of people: those who know, those who don’t know, and those who don’t care to know. Members of the last group are the kind of people I would characterize as “sheeple.”
Sheeple are members of a culture or society who are not necessarily oblivious to the reality of their surroundings; they may have been exposed to valuable truths on numerous occasions. However, when confronted with facts contrary to their conditioned viewpoint, they become aggressive and antagonistic in their behavior, seeking to dismiss and attack the truth by attacking the messenger and denying reason.
Read More
It is often said there only two kinds of people in this world: those who know, and those who don’t. I would expand on this and say that there are actually three kinds of people: those who know, those who don’t know, and those who don’t care to know. Members of the last group are the kind of people I would characterize as “sheeple.”
Sheeple are members of a culture or society who are not necessarily oblivious to the reality of their surroundings; they may have been exposed to valuable truths on numerous occasions. However, when confronted with facts contrary to their conditioned viewpoint, they become aggressive and antagonistic in their behavior, seeking to dismiss and attack the truth by attacking the messenger and denying reason.
Read More
from RT:
Brexit poses a far greater threat to the European establishment than Grexit ever did. The UK may not be in the Eurozone, but it is Europe’s second largest economy. Hence the rabid fear-mongering about the potential consequences for the UK of a yes-vote in a future in-out referendum.
Millions of jobs will disappear, the doomsayers warn. Universities will lose their funding. The City of London will decamp to Frankfurt. British farmers will lose their subsidies. Human rights will vanish into thin air. Planes will fall out of the sky. And one day the lights will all go out.
Read More
from Liberty Blitzkrieg:
Perhaps the most famous, and prescient, financial cartoon in American history is the depiction of the Federal Reserve Bank as a giant octopus that would come to parasitically suck the life out of all U.S. institutions as well as free markets. The image is taken from Alfred Owen Crozier’s US Money Vs Corporation Currency, “Aldrich Plan,” Wall Street Confessions! Great Bank Combine, published in 1912, just a year before the creation of the Federal Reserve. Here it is in all its glory:
Our ancestors were wiser and far more educated than modern Americans about the dangers posed by a centralized, monopolistic system charged with the creation and distribution of money, and our society and economy have paid a very heavy price for its ignorance.
Read More
Perhaps the most famous, and prescient, financial cartoon in American history is the depiction of the Federal Reserve Bank as a giant octopus that would come to parasitically suck the life out of all U.S. institutions as well as free markets. The image is taken from Alfred Owen Crozier’s US Money Vs Corporation Currency, “Aldrich Plan,” Wall Street Confessions! Great Bank Combine, published in 1912, just a year before the creation of the Federal Reserve. Here it is in all its glory:
Our ancestors were wiser and far more educated than modern Americans about the dangers posed by a centralized, monopolistic system charged with the creation and distribution of money, and our society and economy have paid a very heavy price for its ignorance.
Read More
by Harvey Organ, HarveyOrganblog:
Good evening Ladies and Gentlemen:
Gold: $1135.80 down $5.70 (comex closing time)
Silver $15.41 down 16 cents
In the access market 5:15 pm
Gold $1133.70
Silver: $15.41
First, here is an outline of what will be discussed tonight:
At the gold comex today, we had a very poor delivery day, registering 0 notices for nil ounces. Silver saw 0 notices for nil oz.
Read More
Good evening Ladies and Gentlemen:Gold: $1135.80 down $5.70 (comex closing time)
Silver $15.41 down 16 cents
In the access market 5:15 pm
Gold $1133.70
Silver: $15.41
First, here is an outline of what will be discussed tonight:
At the gold comex today, we had a very poor delivery day, registering 0 notices for nil ounces. Silver saw 0 notices for nil oz.
Read More
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