If there was any doubt if the Fed would hike rates in December, it is gone now: October payrolls soared by 271K, smashing not only consensus of 184K, but the highest expected print. This was the highest monthly print since December 2014 when the gain was 329K and pushed the YTD average monthly gain from 199K to 206K.
Deutsche Bank: "This Is Yet Another Sign Showing How Broken The Financial Market Is Around The World"
"Before September we'd only ever seen negative 10y swap spreads for a period in 2010 although they did turn negative intra-day 3-years ago. It’s not quite up there with the flash rally/crash in Treasuries 13 months ago but it’s a very strange occurrence and one to watch and likely another product of regulation and liquidity."
The "War On Terror" Is The Hoax Foundation Of The Police/Spy State
The “war on terror” was a hoax. Americans were deceived by policymakers, who are pursuing a hegemonic agenda. The American people were too trusting and too gullible and, consequently, Americans were easily betrayed by Washington and by the presstitute media. The populations of the eight countries and Washington’s vassals are stuck with the consequences of Washington’s evil, vicious, and illegal actions. And Americans are stuck with the police/spy state and militarized police who murder three Americans each day and brutalize countless others.
from New Zealand Ministry of Foreign Affairs & Trade:
Trans-Pacific Partnership (TPP)
The text of the Agreement was released by TPP Parties on 5 November 2015. The text will continue to undergo legal review and will be translated into French and Spanish language versions prior to signature.
Read More
Trans-Pacific Partnership (TPP)The text of the Agreement was released by TPP Parties on 5 November 2015. The text will continue to undergo legal review and will be translated into French and Spanish language versions prior to signature.
- Text of the Agreement, 5 November 2015
- Annexes to the Agreement, 5 November 2015
Current status of the Agreement
TPP has not yet been signed or entered into force. Negotiations concluded on 5 October 2015.Read More
East Chicago Re-Elects Councilman Facing Murder & Drug Charges
While "innocent until proven guilty" is all well and good, when it comes to electing officials, one would hope the voting public is at minimum curious when the official is facing murder and drug charges. Meet Robert "Coop" Battle, East Chicago, Indiana's newly-elected 3rd District Councilman, who spent election day in the Lake County jail...
As The Dollar Soars, These Sectors Are Most At Risk
The USDollar Index is soaring (hitting its highest since early April and approaching 2015 highs) as the probability of a December rate hike hits 74%. This is not unequivocally good for a large number of American firms..
Labor Participation Rate Remains At 37 Year Low As 94.5 Million Remains Outside The Labor Force
In another sign that the labor market slack, at least from the Fed's perspective, is now reaching a peak, the Household survey reported that while the civilian labor force rose by over 300K in October, the number of people not in the labor force actually declined by 97K to 94.5MM (as those employed rose by 320K), following a surge of over half a million in September. Despite this headline improvement, however, the participation rate remained at 62.4%, same as the prior month, and at a level last seen in 1977.
Good News Is Terrible News: Dollar Surges As Bonds, Stocks, Commodities Purge After Payrolls
"Everything is awesome." The Fed got just what it wanted... surge in jobs and a surge in wages - which has sent December rate hike odds from 56% to 74%. This appears to be a problem for everything else. The dollar has soared (EURUSD almost a 1.06 handle), Bond yields have exploded (though the long-end is notably outperforming), stock prices plunged, and commodities across the board are getting hammered.
Goldman Forced To Sell Valeant Shares As CEO Stock-Pledged Loan Hit 100% LTV
"Valeant stated today that 1,297,399 shares pledged to Goldman Sachs to secure loans made to chairman and chief executive officer J. Michael Pearson were sold by Goldman Sachs on November 5, 2015. Goldman Sachs held the shares as collateral for loans extended to Pearson."
Bullard Reveals The Fed's Biggest Headache: Convincing The Market Slowing Jobs Is Good For The Economy
"We are expecting that to happen. It would be normal, and that would not indicate poor macroeconomic performance.”
China's Re-Bubble - Stocks Soar 10% In 3 Days, 2nd Best Run Since 2014
Because nothing says 'stability' like a 10% surge in the 'price' of stocks in 3 days. Having trodden water between in a narrow range for a month, the last 3 days (ahead of US payrolls and China's weekend) are the biggest rally since China first banned short-selling in July, and 2nd biggest since December 2014 when the epic bubble really took off in Chinese stocks. Now, with China 'fixed', all The Fed needs is a "not terrible" payrolls print tomorrow and December is a done deal...from Gerald Celente:
"There's A Total Lack Of Confidence" McCain Warns Obama Of Growing "Military Dissatisfaction"
"People who have spoken truth to power get retired," raged McCain, "all you have to do is look at a map of the Middle East in 2009 and then compare it to a map of today," to see an utterly failed strategy..." adding - as perhaps a veiled threat - "there’s a level of dissatisfaction among the uniformed military that I’ve never seen in my time here."
Overstock.com is one of the biggest online retailers in the US with sales into the billions per annum. Unlike every other large company in the country, however, they are making highly prudent moves to prepare for the coming collapse.
Jonathan Johnson, the Chairman of Overstock.com, had this to say on what he foresees, “We are not big fans of Wall Street and we don’t trust them. We foresaw the financial crisis, we fought against the financial crisis that happened in 2008; we don’t trust the banks still and we foresee that with QE3, and QE4 and QE n that at some point there is going to be another significant financial crisis.”
Read More
The U.S. is sending a dozen F-15’s to Turkey. The F-15 specialize in air-to-air combat.
The Pentagon officially says the jets are to “ensure the safety” of NATO allies, but there is much speculation that the jets could also offer protection to the Kurds and the recently announced Special Ops Forces going to help “train” the Kurds. There is also the fear that these jets could meet Russian jet fighters in air-to-air combat either on purpose or accident. They have plenty of other U.S. Airforce firepower in Turkey such as the F-16, F-22 and B-1 bombers, to name a few.
Meanwhile, Russia is having meetings with many Middle East players including Saudi Arabia and Egypt. Speaking of Egypt, there is a lot of confusion over why that Russian passenger jet went down on the Sini Peninsula.
Fed Chair Janet Yellen herself put a December rate hike back on the flip-flop table today. Instantly, the dollar regained additional strength. It has been rallying recently, after a rough summer when disappointing economic data hailed down on the land while the Fed flip-flopped on rate hikes. Now the theory goes that the dollar will continue to rally.
But not so fast, says a new report by Stéfane Marion and Krishen Rangasamy, economists at NBF Economics and Strategy. While the dollar may still have some upside “over the near term,” they write, it is “close to peaking.”
Read More
from Zen Gardner:
Doctors Without Borders, also known by its French acronym MSF, says it has not yet found any evidence that US fighter jets attacked one of its hospitals in Afghanistan’s embattled city of Kunduz by mistake, saying the raid seems to have had no purpose but to “kill and destroy.”
Christopher Stokes, the general director of the Paris-based charity group, made the comments during a Thursday event to release a report based on an internal investigation of the raid on the hospital in in Kunduz in northern Afghanistan.
Read More…
Doctors Without Borders, also known by its French acronym MSF, says it has not yet found any evidence that US fighter jets attacked one of its hospitals in Afghanistan’s embattled city of Kunduz by mistake, saying the raid seems to have had no purpose but to “kill and destroy.”
Christopher Stokes, the general director of the Paris-based charity group, made the comments during a Thursday event to release a report based on an internal investigation of the raid on the hospital in in Kunduz in northern Afghanistan.
Read More…
by Jeff Nielson, Sprott Money:
History tells us that empires are rarely defeated, by any external
rival. Once any global power reaches such a stature of might and
influence as to be considered an “empire”, it generally has sufficient
military might and economic resources as to be virtually invulnerable to
outside conquest/destruction.
Exceptions to this principle exist, but mostly in our distant past. When technologically superior Western empires collided with indigenous empires of the New World, the vast superiority of their military technology allowed European powers to directly conquer the “empires” of the Americas (as well as Africa).
Read More
History tells us that empires are rarely defeated, by any external
rival. Once any global power reaches such a stature of might and
influence as to be considered an “empire”, it generally has sufficient
military might and economic resources as to be virtually invulnerable to
outside conquest/destruction.Exceptions to this principle exist, but mostly in our distant past. When technologically superior Western empires collided with indigenous empires of the New World, the vast superiority of their military technology allowed European powers to directly conquer the “empires” of the Americas (as well as Africa).
Read More
from LaRouchePAC:
Doctors Without Borders (MSF) added to the already overwhelming
evidence that the US destruction of their Kunduz, Afghanistan hospital
and killing of doctors and patients on Oct 3 was another planned Obama
murder, with a report they delivered in Kabul today. MSF International
President, Dr. Joanne Liu, revealed that after their ICU was
precision-bombed multiple times, doctors and patients “were shot by the
circling gunship while fleeing the burning building.” MSF’s report also
recorded that on Oct. 1, the hospital was asked by a US official in
Washington whether MSF locations had a large number of Taliban “holed
up.”
The reality, as Obama well knows, is that MSF treats patients without regard to their politics, and allows no weapons into its facilities.
Read More
Doctors Without Borders (MSF) added to the already overwhelming
evidence that the US destruction of their Kunduz, Afghanistan hospital
and killing of doctors and patients on Oct 3 was another planned Obama
murder, with a report they delivered in Kabul today. MSF International
President, Dr. Joanne Liu, revealed that after their ICU was
precision-bombed multiple times, doctors and patients “were shot by the
circling gunship while fleeing the burning building.” MSF’s report also
recorded that on Oct. 1, the hospital was asked by a US official in
Washington whether MSF locations had a large number of Taliban “holed
up.”The reality, as Obama well knows, is that MSF treats patients without regard to their politics, and allows no weapons into its facilities.
Read More
from RonPaulLibertyReport:
from Sovereign Man:
They called it the Bank Secrecy Act (BSA). But it’s one of the most poorly named pieces of legislation in US history.
They might as well have called it the “Bank Sell-Your-Customers-Out Act”, because that’s ultimately what it amounts to.
The BSA is a cornerstone regulation that requires banks in the Land of the Free to be unpaid spies of the government.
One of its many commandments is for banks to file ‘suspicious activity reports’ (SARs) when customer transactions might possibly indicate tax evasion, money laundering, or some nefarious criminal activity.
One of the most common types of SARs includes “Transactions With No Apparent Economic, Business or Lawful Purpose.”
Read More
They called it the Bank Secrecy Act (BSA). But it’s one of the most poorly named pieces of legislation in US history.They might as well have called it the “Bank Sell-Your-Customers-Out Act”, because that’s ultimately what it amounts to.
The BSA is a cornerstone regulation that requires banks in the Land of the Free to be unpaid spies of the government.
One of its many commandments is for banks to file ‘suspicious activity reports’ (SARs) when customer transactions might possibly indicate tax evasion, money laundering, or some nefarious criminal activity.
One of the most common types of SARs includes “Transactions With No Apparent Economic, Business or Lawful Purpose.”
Read More
by Terence P. Jeffrey, CNS News:
The preamble to the Trans-Pacific Partnership (TPP) deal that the Obama
administration has negotiated with eleven other governments—including
with what the U.S. State Department describes as a Communist regime in
Vietnam—expressly affirms the “legitimate role” of “state-owned
enterprises.”
According to the Congressional Research Service, 40 percent of Vietnam’s output comes from state-owned enterprises (SOEs).
In addition to the United States and Vietnam, the parties to the TPP include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore.
The TPP’s 509-word “Preamble”—which has been posted online by the office of the U.S. Trade Representative under the heading “Made in America”—begins by stating: “The Parties to this Agreement, resolving to ESTABLISH a comprehensive regional agreement that promotes economic integration to liberalise trade and investment, bring economic growth and social benefits, create new opportunities for workers and businesses, contribute to raising living standards, benefit consumers, reduce poverty and promote sustainable growth…”
Read More…
The preamble to the Trans-Pacific Partnership (TPP) deal that the Obama
administration has negotiated with eleven other governments—including
with what the U.S. State Department describes as a Communist regime in
Vietnam—expressly affirms the “legitimate role” of “state-owned
enterprises.”
According to the Congressional Research Service, 40 percent of Vietnam’s output comes from state-owned enterprises (SOEs).
In addition to the United States and Vietnam, the parties to the TPP include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore.
The TPP’s 509-word “Preamble”—which has been posted online by the office of the U.S. Trade Representative under the heading “Made in America”—begins by stating: “The Parties to this Agreement, resolving to ESTABLISH a comprehensive regional agreement that promotes economic integration to liberalise trade and investment, bring economic growth and social benefits, create new opportunities for workers and businesses, contribute to raising living standards, benefit consumers, reduce poverty and promote sustainable growth…”
Read More…
from TheAlexJonesChannel:
by Brandon Turbeville, Activist Post:
Hillary Clinton has long been a rabid anti-gun fanatic. Stemming back from her years in her husband’s abysmal administration where she helped promote the passage of the infamous freedom-crushing Brady Bill to her 2016 presidential campaign, Clinton has made the elimination of self-defense, gun rights, buttress against unwarranted government encroachment, and the Second Amendment a hallmark of her stance.
For instance, as NY Senator in 2004, Clinton Voted NO on S.1805,[1] the “Protection of Lawful Commerce in Arms Act,” a bill that would have prohibited lawsuits against gun manufacturers for gun violence.[2]
In 2005, Clinton voted NO[3] on the “Protection of Lawful Commerce Act,” a similar bill that was eventually passed into law.[4]
Read More
Hillary Clinton has long been a rabid anti-gun fanatic. Stemming back from her years in her husband’s abysmal administration where she helped promote the passage of the infamous freedom-crushing Brady Bill to her 2016 presidential campaign, Clinton has made the elimination of self-defense, gun rights, buttress against unwarranted government encroachment, and the Second Amendment a hallmark of her stance.
For instance, as NY Senator in 2004, Clinton Voted NO on S.1805,[1] the “Protection of Lawful Commerce in Arms Act,” a bill that would have prohibited lawsuits against gun manufacturers for gun violence.[2]
In 2005, Clinton voted NO[3] on the “Protection of Lawful Commerce Act,” a similar bill that was eventually passed into law.[4]
Read More
by Pam Martens and Russ Martens, Wall Street on Parade:
According to the Random House dictionary, Stockholm Syndrome is “an
emotional attachment to a captor formed by a hostage as a result of
continuous stress, dependence, and a need to cooperate for survival.”
Regulatory capture – where big banks are actually the ones calling the
shots to their regulators – appears to have morphed into Stockholm
Syndrome based on a Congressional hearing yesterday.
House Financial Services Committee Chairman Jeb Hensarling dropped a bombshell on Federal Reserve Chair Janet Yellen in opening questions yesterday on the Fed’s role of supervising the largest, most systemically dangerous banks.
Hensarling queried if the Fed had crossed the line from being regulator to manager. We think the question should have been has the Fed devolved from regulator to emotionally-attached hostage. (There’s plenty of evidence for the latter as we’ll explain later in this piece.)
Read More…
According to the Random House dictionary, Stockholm Syndrome is “an
emotional attachment to a captor formed by a hostage as a result of
continuous stress, dependence, and a need to cooperate for survival.”
Regulatory capture – where big banks are actually the ones calling the
shots to their regulators – appears to have morphed into Stockholm
Syndrome based on a Congressional hearing yesterday. House Financial Services Committee Chairman Jeb Hensarling dropped a bombshell on Federal Reserve Chair Janet Yellen in opening questions yesterday on the Fed’s role of supervising the largest, most systemically dangerous banks.
Hensarling queried if the Fed had crossed the line from being regulator to manager. We think the question should have been has the Fed devolved from regulator to emotionally-attached hostage. (There’s plenty of evidence for the latter as we’ll explain later in this piece.)
Read More…
“…if all records told the same tale – then the lie passed into history and became truth.” (1984, George Orwell)The New Scientist has the stunning story (2/28/15, “Google wants to rank websites based on facts not links,” by Hal Hodson):
“THE internet is stuffed with garbage. Anti-vaccination websites make the front page of Google, and fact-free ‘news’ stories spread like wildfire. Google has devised a fix — rank websites according to their truthfulness.” (Story by Jon Rappoport, republished from ActivistPost.com)
Great idea, right?
Sure it is.
The author of the article lets the cat out of the bag right away with his comment about “anti-vaccination” websites.
Read More
IMF
signals renminbi set for inclusion in SDR basket … International
Monetary Fund representatives have told China that the renminbi is
likely to join the fund’s special drawing rights (SDR) basket of reserve
currencies … The renminbi’s inclusion in the SDR basket will help spur
China to accelerate financial reforms and economic opening up and
catalyze yuan liberalization, according to the report. – WantChinaTimesDominant Social Theme: It is important for China to participate in the IMF’s SDR basket. So very important.
Free-Market Analysis: Placing the yuan in the IMF’s currency basket is bound to happen sooner or later. But in the past few weeks, the prospect has been much in the news again because the IMF has brought up the subject once more.
(Note: We will refer to the Chinese currency in this article as the yuan. The renminbi is the name of the Chinese currency in aggregate, but the yuan is the name of the actual unit.)
Read More
from Liberty Blitzkrieg:
Goldman
Sachs announced last month that its investment in a Utah preschool
program had helped 109 “at-risk” kindergartners avoid special
education. The investment also resulted in a $260,000 payout for the
Wall Street firm, the first of many payments that is expected from the
investment.
Goldman
Sachs announced last month that its investment in a Utah preschool
program had helped 109 “at-risk” kindergartners avoid special
education. The investment also resulted in a $260,000 payout for the
Wall Street firm, the first of many payments that is expected from the
investment.
Yet
since the Utah results were disclosed, questions have emerged about
whether the program achieved the success that was claimed. Nine
early-education experts who reviewed the program for The New York Times
quickly identified a number of irregularities in how the program’s
success was measured, which seem to have led Goldman and the state to
significantly overstate the effect that the investment had achieved in
helping young children avoid special education.
Goldman
said its investment had helped almost 99 percent of the Utah children
it was tracking avoid special education in kindergarten. The bank
received a payment for each of those children.
Read More
by Bill Holter, JS Mineset, via SGTreport.com:
After writing my last piece regarding Martin Armstrong I thought that
would be enough, it wasn’t. A reader replied and forwarded this recent article by Mr. Armstrong
“Did Gold Survive the Depression? Please read this short article twice
before continuing to my commentary. I had to read this twice myself
because the first time through I kept saying “Huh?”, the second time
through all I could say is “WHAT???”!
OK, let’s start with a most ridiculous statement, one patently false and a revision of history …”You are doomed if you cling to the idea that gold will rise simply because stocks decline. Gold was DEVALUED in 1934 since gold was MONEY. What it could purchase for $20.67 then cost $35. The government confiscated gold and moved to a TWO-TIER monetary system with gold used exclusively for international settlements, not domestic.” Gold was NOT “devalued”, it was “revalued” higher versus the dollar. Another way to say this is “the dollar was devalued versus gold”. This is fact.
Read More
After writing my last piece regarding Martin Armstrong I thought that
would be enough, it wasn’t. A reader replied and forwarded this recent article by Mr. Armstrong
“Did Gold Survive the Depression? Please read this short article twice
before continuing to my commentary. I had to read this twice myself
because the first time through I kept saying “Huh?”, the second time
through all I could say is “WHAT???”!OK, let’s start with a most ridiculous statement, one patently false and a revision of history …”You are doomed if you cling to the idea that gold will rise simply because stocks decline. Gold was DEVALUED in 1934 since gold was MONEY. What it could purchase for $20.67 then cost $35. The government confiscated gold and moved to a TWO-TIER monetary system with gold used exclusively for international settlements, not domestic.” Gold was NOT “devalued”, it was “revalued” higher versus the dollar. Another way to say this is “the dollar was devalued versus gold”. This is fact.
Read More
by Claire Bernish, Activist Post:
The Mexican Supreme Court just paved the way for nationwide cannabis legalization after voting 4 to 1 that prohibition of personal consumption and cultivation of the plant violates constitutional rights.
In fact, the highest court in the land concluded that cannabis prohibition “violates the right to free development of one’s personality,” as the Drug Policy Alliance stated Wednesday in a press release.
“This vote by Mexico’s Supreme Court is extraordinary for two reasons: it is being argued on human rights grounds and it is taking place in one of the countries that has suffered the most from the war on drugs,” explained Hannah Hetzer, Senior Policy Manager of the Americas for the Alliance.
Read More
The Mexican Supreme Court just paved the way for nationwide cannabis legalization after voting 4 to 1 that prohibition of personal consumption and cultivation of the plant violates constitutional rights.
In fact, the highest court in the land concluded that cannabis prohibition “violates the right to free development of one’s personality,” as the Drug Policy Alliance stated Wednesday in a press release.
“This vote by Mexico’s Supreme Court is extraordinary for two reasons: it is being argued on human rights grounds and it is taking place in one of the countries that has suffered the most from the war on drugs,” explained Hannah Hetzer, Senior Policy Manager of the Americas for the Alliance.
Read More
by Julie Fidler, Natural Society:
More Americans take prescription medications than ever before – nearly 60% – and obesity could be to blame.
A new study published in JAMA shows that the number of people taking prescription drugs increased from 51% of the adult population in 1999 to 59% in 2011. Cholesterol and blood pressure drugs are the most-used medications in the U.S. [1]
In fact, the most popular drug in the country is Zocor, a cholesterol-lowering statin drug. Also known as simvastatin, the medication is used by 8% of the U.S. population.
Read More
More Americans take prescription medications than ever before – nearly 60% – and obesity could be to blame.
A new study published in JAMA shows that the number of people taking prescription drugs increased from 51% of the adult population in 1999 to 59% in 2011. Cholesterol and blood pressure drugs are the most-used medications in the U.S. [1]
In fact, the most popular drug in the country is Zocor, a cholesterol-lowering statin drug. Also known as simvastatin, the medication is used by 8% of the U.S. population.
Read More
by Dave Kranzler, Investment Research Dynamics:
The price of paper silver has been mauled since Janet Yellen and her band of FOMC merry clowns released their policy statement last Wednesday which made the claim that there was strong possibility that the Fed would hike its Fed Funds rate in December. Silver is now down 8.5% since that statement hit the tape:
But as you can see, silver is still in an nice uptrend, up over 7% from the bottom it hit in late August. Of course, in testament to just how manipulated the markets are, the S&P 500 – which should have experienced the same type of sell-off as silver and gold on the threat of higher rates – is up 1.3%.
Read More
The price of paper silver has been mauled since Janet Yellen and her band of FOMC merry clowns released their policy statement last Wednesday which made the claim that there was strong possibility that the Fed would hike its Fed Funds rate in December. Silver is now down 8.5% since that statement hit the tape:
But as you can see, silver is still in an nice uptrend, up over 7% from the bottom it hit in late August. Of course, in testament to just how manipulated the markets are, the S&P 500 – which should have experienced the same type of sell-off as silver and gold on the threat of higher rates – is up 1.3%.
Read More
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