Are the "globalization gloves" finally coming off?
It has been said “truth” is a funny concept. What is truth to one may
not be to another because opinions vary from one person to another.
“Truth” in this context consists of one’s opinion or point of view. By
this definition truth can be altered, changed or even “made”. For
example, the truth believed and espoused by MSNBC is far different than
that of FOX News, both by the reporters themselves and by viewers. Real
truth however cannot be “made”, massaged or opined as it is mathematical
in origin and more an issue of black and white.The global financial system has gone awry where economic truth must be masked and hidden to cover the reality. Somehow our central planners think if the people “believe” something …then it “is”. I am here to tell you, no it is not. A perfect example of something completely out of whack but melded into the new “normal” are negative interest rates throughout much of Europe. These negative interest rates are no longer for only short dated maturities. Rates are negative in some cases out past 7-10 years!
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Paul Craig Roberts Rages At The "Arrogance, Hubris, & Stupidity" Of The US Government
Submitted by Tyler Durden on 11/29/2015 - 23:00 "This is a disaster. Only the stupid Americans could have produced such a disaster. Does Putin need to do anything? We’re doing it all for him. So he doesn’t need to do anything. He’s not going to attack anybody. What does he need to attack anybody for? The idiot Americans are destroying themselves and their allies. This is an amazing fiasco.”
Milwaukee ISM Bounce Dies As Employment, New Orders Plunge
Submitted by Tyler Durden on 11/30/2015 - 09:10 For the 10th month in the last 12, Milwaukee's ISM missed expectations. After bouncing hopefully off 6-year lows in October, November saw weakness return with a plunge in New Orders and weakness in employment (even as exports supposedly soared). This is the 8th straight month of contraction (sub-50) in the survey.
Saudi Interbank Rates Soar, Deposits Flee As Cash Crunch Intensifies
Submitted by Tyler Durden on 11/30/2015 - 08:56 Faced with a sharp deterioration in government finances, the Saudis have resorted to tapping the bond market and delaying contractor payments in an effort to avoid further depletion of the kingdom's SAMA reserves. Now, Saudi banks are bleeding private and public sector deposits, while interbank rates have spiked the most since 2008.
Key Events In The Coming Very Busy Week
Submitted by Tyler Durden on 11/30/2015 - 08:54 As noted earlier, after last week's snoozefest, this week starts off with a bang when the IMF announces in a few hours it will accept the Chinese Yuan in the pantheon of world reserve currencies alongside the USD, EUR, GBP and JPY the only question being what the alotted weighing of the currency will be. Things then progress to tomorrow's global PMI numbers, Yellen speeches on the economy to the Economic Club of Washington and Congress (Weds/Thurs), the eagerly anticipated ECB meeting on Thursday and finally Friday's OPEC meeting and US payroll print - the last before the FOMC in 2 weeks time.
An Angry Trader Rages: "There Is Nothing Normal About It"
Submitted by Tyler Durden on 11/30/2015 - 08:20 "All global events have been reduced to monetary policy events, i.e., buy the dip opportunities. France’s CAC-40 sold off the two trading days before the recent horror. It was a solid buy the following Monday. By always protecting risk-takers, the authorities are complicit in trivializing issues that need an all hands on-deck response. Bad news is good news has metastasized into an even baser concept"
BTFD "Is Coming To An End" JPM Warns, As It Lowers Equity Allocation Most In 6 Years
Submitted by Tyler Durden on 11/30/2015 - 07:57 "We think that the equities risk-reward will be less attractive than it was in the past few years. We reduce our equities OW in a balanced portfolio to a minimal one, at 5% vs benchmark, the lowest we have had since the current upcycle started. The long period of indiscriminately buying any dip might be coming to an end."
World's Largest Pension Fund Suffers $64 Billion Loss After Doubling Down On Stocks
Submitted by Tyler Durden on 11/30/2015 - 07:37 Late last year, Japanese PM Shinzo Abe effectively forced the $1.1 trillion Government Pension Investment Fund to double its domestic equity allocation. With Kuroda providing perpetual Nikkei plunge protection, and with Abenomics set to bring about an economic renaissance, what could possibly go wrong?...
Futures Rebound On Latest Chinese Intervention, Renewed Hopes For "Moar From Mario"
Submitted by Tyler Durden on 11/30/2015 - 06:49 Without a rerun of last Friday's Chinese stock market rout, European traders could focus on what "really matters", namely how much of the ECB's upcoming 20 bps rate cut and €20 billion QE expansion (with Commerzbank saying Draghi may even hint at Europe's QE3) is priced in, and whether the ECB's actions are just modestly priced in, or more than fully, and just how big the "sell the news" event will be.The result: the Euro falls to a new 7 month low, the dollar spot index hits a new all time high, and European stocks and US futures stage another remarkable overnight comeback on the usual low volume levitation and central bank intervention.
Why hasn’t the U.S. bombed the oil wells that ISIS controls into oblivion by now? Would you believe that it is because the Obama administration “didn’t want to do environmental damage”? Former Deputy Director of the CIA Michael Morell has publicly admitted that we have purposely avoided damaging the main source of income for ISIS, and his explanation for why we were doing this is utterly bizarre. But at this point what could the Obama administration say that would actually make sense? Everyone now knows that ISIS has been making hundreds of millions of dollars selling oil in Turkey, and that this has been done with the full knowledge and complicity of the Obama White House. This is potentially the biggest scandal of the entire Obama presidency, and yet so far the Republicans have not jumped on it.
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from Sputnik:
There are both government and opposition representatives on the list of
figures for the new Syrian government proposed by Saudi Arabia,
according to Randa Kassis, leader of the Movement for a Pluralistic
Society.
Saudi Arabia is trying to impose on Syria its own plan for the transitional government, Randa Kassis, leader of the Movement for a Pluralistic Society, said Thursday.
According to her, currently there are four lists of potential candidates to the Syrian opposition delegation for talks with the Syrian government.
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There are both government and opposition representatives on the list of
figures for the new Syrian government proposed by Saudi Arabia,
according to Randa Kassis, leader of the Movement for a Pluralistic
Society.Saudi Arabia is trying to impose on Syria its own plan for the transitional government, Randa Kassis, leader of the Movement for a Pluralistic Society, said Thursday.
According to her, currently there are four lists of potential candidates to the Syrian opposition delegation for talks with the Syrian government.
Read More…
from Wolf Street:
Residents of the city of Río Gallegos in the province of Santa Cruz, Argentina, witnessed a surprising sight yesterday afternoon when at least five bright yellow armored trucks accompanied by heavily armed police paraded through the city.
The trucks reportedly arrived empty to the local airport Piloto Fernández, where they were loaded up with an estimated AR$1.3 billion in cash. Three of the five trucks delivered their load to banks in the city of Río Gallegos, while the other two continued on likely to Tierra del Fuego further south.
Local news organization OPI Santa Cruz reported on the unusual activity, likely prompting an official response from the Bank of Santa Cruz stating that “the movement of the armored trucks observed in the past few hours in Bank of Santa Cruz branches in Río Gallegos corresponds to the normal operation of the Central Bank of the Republic of Argentina (BCRA) and the Regional Treasury.”
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Residents of the city of Río Gallegos in the province of Santa Cruz, Argentina, witnessed a surprising sight yesterday afternoon when at least five bright yellow armored trucks accompanied by heavily armed police paraded through the city.
The trucks reportedly arrived empty to the local airport Piloto Fernández, where they were loaded up with an estimated AR$1.3 billion in cash. Three of the five trucks delivered their load to banks in the city of Río Gallegos, while the other two continued on likely to Tierra del Fuego further south.
Local news organization OPI Santa Cruz reported on the unusual activity, likely prompting an official response from the Bank of Santa Cruz stating that “the movement of the armored trucks observed in the past few hours in Bank of Santa Cruz branches in Río Gallegos corresponds to the normal operation of the Central Bank of the Republic of Argentina (BCRA) and the Regional Treasury.”
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from Spiro:
Two Turkish generals and a colonel were detained on Saturday for intercepting Syria-bound trucks that belonged to Turkey’s National Intelligence Organization (MIT) Filled with weapons ammo equipment on its way to isis
Two Turkish generals and a colonel were detained on Saturday for intercepting Syria-bound trucks that belonged to Turkey’s National Intelligence Organization (MIT) Filled with weapons ammo equipment on its way to isis
from Rense:
Mrs Merkel who was 17-year-old Angela Kasner when the picture was taken in 1972, is shown in fatigues marching with a group of friends and an East German officer To learn more, click to visit the source, here.
Mrs Merkel who was 17-year-old Angela Kasner when the picture was taken in 1972, is shown in fatigues marching with a group of friends and an East German officer To learn more, click to visit the source, here.
from ENE News:
NHK World, Nov 25, 2015 (emphasis added): Groundwater wall at Fukushima plant leans slightly — The operator of the damaged Fukushima Daiichi nuclear plant has found that a wall it built 30 meters into the ground to block the flow of radioactive water is leaning slightly. {TEPCO] built the steel barrier along a coastal embankment to stop contaminated groundwater from seeping into the sea… TEPCO inspectors found that the wall is leaning up to some 20 centimeters toward the sea. They say this is due to the pressure of the groundwater flow. The officials also blamed rising groundwater levels for cracks found in the embankment’s pavement. The utility says workers are buttressing the wall with steel pillars…
NHK (Google translation), Nov 25, 2015: In TEPCO Fukushima Daiichi nuclear power plant, it can be seen that the equipment called “impervious wall”, which was completed last month in order to reduce the outflow of the contaminated groundwater, are slightly tilted to the sea side… [T]he pavement of the seawall also cracked… When depends on the Tokyo Electric Power Company, after the “impervious wall” has been completed, it is that it’s because the water level of the land side of the groundwater is rising.
Read More @ ENEnews.com
NHK World, Nov 25, 2015 (emphasis added): Groundwater wall at Fukushima plant leans slightly — The operator of the damaged Fukushima Daiichi nuclear plant has found that a wall it built 30 meters into the ground to block the flow of radioactive water is leaning slightly. {TEPCO] built the steel barrier along a coastal embankment to stop contaminated groundwater from seeping into the sea… TEPCO inspectors found that the wall is leaning up to some 20 centimeters toward the sea. They say this is due to the pressure of the groundwater flow. The officials also blamed rising groundwater levels for cracks found in the embankment’s pavement. The utility says workers are buttressing the wall with steel pillars…
NHK (Google translation), Nov 25, 2015: In TEPCO Fukushima Daiichi nuclear power plant, it can be seen that the equipment called “impervious wall”, which was completed last month in order to reduce the outflow of the contaminated groundwater, are slightly tilted to the sea side… [T]he pavement of the seawall also cracked… When depends on the Tokyo Electric Power Company, after the “impervious wall” has been completed, it is that it’s because the water level of the land side of the groundwater is rising.
Read More @ ENEnews.com
from LaRouchePAC:
If you didn’t already know that Obama is a serial murderer, and that,
for example, he has a “Terror Tuesday” meeting every week in the White
House to choose the next round of murder victims from what are called
“baseball cards,”— if you’re one of the few who has managed to remain
ignorant of this for almost seven years,— then a decision handed down on
November 23 from the US Court of Appeals for the Second Circuit, will
remind you of what the rest of us have long known.
That decision, as reported by Marcy Wheeler and also by Cora Currier, makes it clear that Obama’s lawyers are busy cooking up new, secret, “legal” justifications for Presidentially-ordered murders, including murders of U.S. citizens.
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If you didn’t already know that Obama is a serial murderer, and that,
for example, he has a “Terror Tuesday” meeting every week in the White
House to choose the next round of murder victims from what are called
“baseball cards,”— if you’re one of the few who has managed to remain
ignorant of this for almost seven years,— then a decision handed down on
November 23 from the US Court of Appeals for the Second Circuit, will
remind you of what the rest of us have long known.That decision, as reported by Marcy Wheeler and also by Cora Currier, makes it clear that Obama’s lawyers are busy cooking up new, secret, “legal” justifications for Presidentially-ordered murders, including murders of U.S. citizens.
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. We’re approaching a unique moment where the paper market and the physical market become untangled from each other. They’re beginning to move in opposite directions. As the stock market crowd ditches their paper assets, the price just keeps falling, and the gold bugs are taking advantage of this artificially lowered price while they still can.
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