"This Is The Most Dangerous Time Ever" Ex-CIA Boss Says US To Blame For "Scourge Without Parallel" ISIS

"I have never felt more uncomfortable than I do today," warns former CIA Director Jack Devine, saying that, with "frankly uncivilized" ISIS, there is a greater risk of violence worldwide than ever before."When you have a small group of people who are willing to lose their lives and kill anyone they can, we’re all vulnerable."

"Central Banks Are Out Of Dry Powder" Stockman Warns "Another Financial Crisis Is Unavoidable"

Submitted by Tyler Durden on 11/23/2015 - 16:00 "This is the final spasm of a dying bull market that has been entirely fueled by central bank money printing. But if you look at the underlying trends both in the domestic and in the global economy and the outlook for earnings, everything that matters is heading south and the real global recessionary forces are just getting started."

"Get Out Of Your Trucks And Run Away": US Gives ISIS 45 Minute Warning On Oil Tanker Strikes

Submitted by Tyler Durden on 11/23/2015 - 15:36 "Warning: airstrikes are coming. Oil trucks will be destroyed. Get away from your oil trucks immediately. Get out of your trucks and run away. Do not risk your life."

Saudi De-Peg Looms As FX Market Signals Loudest "Black Swan Warning" In 13 Years

Submitted by Tyler Durden on 11/23/2015 - 22:00 As we noted recently, BofAML fears "a depeg of the Saudi riyal is the number one black-swan event for the global oil market in 2016," adding that it is "a highly unlikely but highly impactful risk." Given the recent action in Saudi Riyal forwards - the market's best guess at where the oil-ruch nation's currency will trade in the future - the chance of the black swan 'de-peg' is its highest since 2002. Besides this morning's "whatever it takes" moment, which oil markets quickly shrugged off, amid heavy subsidies to keep the people calm and the costs of wars in Yemen (and more in Syria), weak oil revenues leave The Sauds with few options (outside of the load the nation with ever more debt program): It's either stop it with the whole flooding an oversupplied market strategy, or let the peg fall before reserves runs dry.

The Founding Fathers Warned Of This

Submitted by Tyler Durden on 11/23/2015 - 21:35 These developments in terrorism are textbook Hegelian Dialectic, using problem-reaction-solution to justify a greater military presence in Syria and Iraq, despite nearly a decade and a half of fighting jihad, civil war and supporting “frenemies” across the region with arms, training and financial support. The founding fathers warned of this, but could scarcely foresee the cynical nature of today’s police state – where the terrorists created by the state have become the population’s worst nightmare.

Volkswagen Admits To Equipping Audis, Porsches With Second Illegal Defeat Device

Submitted by Tyler Durden on 11/23/2015 - 21:10

It Might Be A "Services Economy" But Manufacturing Drives Recessions

Submitted by Tyler Durden on 11/23/2015 - 20:45 While it is hoped that the economy can continue to expand on the back of the "service" sector alone, history suggests that "manufacturing" continues to play a much more important dynamic that it is given credit for.

Russia Bombs 1,000 ISIS Oil Tankers As France Launches First Carrier Strikes Against "Evil Death Cult"

Submitted by Tyler Durden on 11/23/2015 - 20:19

Why "Supply & Demand" Doesn't Work For Oil

Submitted by Tyler Durden on 11/23/2015 - 19:55 The traditional view of the impact of low oil prices seems to be, "It is just another cycle." Or, "The cure for low prices is low prices." We are doubtful that either of these views is right.

How To Trade The Fed's Upcoming "Policy Error" In Three Parts

Submitted by Tyler Durden on 11/23/2015 - 19:28 "... the next 12-18 months will be divided into three periods corresponding to the three distinct regimes of market dynamics. They can be summarized by the following modes of the curve: short-term tactical bear flatteners on the back of a Fed liftoff story, followed by volatile bear steepeners of the “taper-tantrum” type around mid-year, and a bull-flattening finale as structural factors deem rate hikes to be a policy mistake."

Carsonnochio Strikes Again - "Walks Back" Comments He Saw Muslims Cheering On 9/11

Submitted by Tyler Durden on 11/23/2015 - 19:11 As Donald Trump came under fire for claiming that he saw Muslims in New Jersey cheering on 9/11, admitted-non-total-truth-speaker Ben Carson jumped on the bandwagon claiming he too "saw film of it." Now, in yet another embarrassing u-turn 'oops' for the retired (now it all makes sense) neurosurgeon, the Carson campaign told CBS News Monday evening that Carson is "really not" standing behind his earlier statement and that the GOP presidential candidate was thinking of other footage he saw.

The Closing Of The Global Economy

Submitted by Tyler Durden on 11/23/2015 - 19:05 "The political left is happy to see people cross borders but would gladly restrict the flow of capital and goods. The political right is happy to see capital and goods cross borders but would gladly build a fence to restrict the flow of people. I’m afraid that the compromise might be to restrict people, capital and goods."

"Get Him The Hell Out Of Here": Trump Heckles "Obnoxious" Black Lives Matter Activist Who Interrupted Rally

Submitted by Tyler Durden on 11/23/2015 - 18:40 "Get him the hell out of here, will you, please? Get him out of here. Throw him out!”

5 Signs Of America's Decaying Society

Submitted by Tyler Durden on 11/23/2015 - 18:15 There exists a common theme amidst these signs of societal decay: The super-rich keep taking from the middle class as the middle class becomes a massive lower class. Yet the myth persists that we should all look up with admiration at the “self-made” takers who are ripping our society apart.

State Department Issues Worldwide Travel Alert "Due To Increased Terrorist Threats"

Submitted by Tyler Durden on 11/23/2015 - 18:11

Bill Ackman Triples-Down On Valeant: Boosts Stake To 9.9% By Buying Calls, Selling Puts

Submitted by Tyler Durden on 11/23/2015 - 17:38 In the infamous words of Kenny Rogers, "you gotta know when to fold 'em," but in the case of Bill Ackman and his Pershing Square Fund's massive losing position in Valeant (19.47 million shares at average cost of $183.57 against today's $87.11 lows), he has decided to not just double-down, but triple-down by selling puts to fund calls and increase his stake in the company to 9.9% (or 34.12 million shares).

Facebook Knows A Cult When It Sees One

Submitted by Tyler Durden on 11/23/2015 - 17:20 It appears, like so many of the world's status-quo worshippers, that Facebook thinks The Fed is a 'religious center'...

A Furious Ralph Nader Calls Out The Fed As "Tribune To Plutocratic, Crony Capitalism"; Janet Yellen Responds

Submitted by Tyler Durden on 11/23/2015 - 17:05 In his letter, reproduced below, Nader bashes  the "tediously over-dramatic indecision as to when interest rates will be raised"; demands that the Fed not "lecture us about the Fed not being “political.” When you are the captives of the financial industry, led by the too-big-to-fail banks, you are generically “political" and - in short - wants to know when the Fed will put the interests of Main Street over those of "plutocratic, crony capitalism for which the Federal Reserve has long been a leading Tribune."

Stocks Dip As Credit, Copper, & Yield Curve Dump Trumps Crude & Dollar Pump

Submitted by Tyler Durden on 11/23/2015 - 16:10

Swiss Bank "Goes There", Applies Negative Rates To Retail Deposits

Submitted by Tyler Durden on 11/23/2015 - 15:45 "We have determined that applying a negative rate was a more transparent and fairer solution for our clientele. This decision on negative rates is costing us a lot of money -- pretty much the equivalent of our entire annual profit last year."

Why Is The NY Attorney General Not Prosecuting The Real FX Spoofing Criminalgos

Submitted by Tyler Durden on 11/23/2015 - 15:33 In a world where every market is rigged and manipulated - either by central banks, by algos, or by human actors eager to "get rich quick" - we doubt many will care that the New York Attorney General has finally figured that the FX market was also rigged by spoofing (something we have pointed out since 2013), and yet this latest development is worth pointing out. The reason for that is not so much the companies which are named in this latest crackdown on widespread manipulation in the world's most important market (now that all central banks are engaged in currency warfare) but which are not.

Saudi Arabia Sentences Poet To Death For "Renouncing Islam"

Submitted by Tyler Durden on 11/23/2015 - 15:15

If ISIS had sentenced an internationally renowned poet to death on trumped up charges of “renouncing Islam,” it would be highlighted endlessly across Western media until the public was sufficiently salivating for war against the latest CIA-invented enemy. When one of America’s closest allies does it…not so much.

Sugar Beet Farmers Face Record Low Sales as Demand for ‘Non-GMO’ Booms

by Christina Sarich, Natural Society:
America has a sweet tooth. We eat over 8 tons of sugar derived from different sources every year. For decades farmers provided a myriad of food makers with the sugar they needed without relying on GM sugar beets. But with promises made by Monsanto in 2008 (the year genetically modified sugar beet seeds were introduced), farmers began counting on increased yields and reduced costs. Now they face record low sales as American consumers demand non-GMO food.
The trend for consumers to demand non-GM, organic food is pushing a demand for non-GM sugar beets, and food producers are making that clear to farmers in Michigan, North Dakota, Idaho, and other states who switched to GM seeds when they were introduced just under a decade ago. With beets accounting for 60% of all of America’s sugar needs annually, even a small reduction in their use would cause farmers to feel the pinch.
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Why Smart Money Is Dumping U.S. Stocks

by Justin Spittler, Casey Research:

Some of the world’s smartest investors are cutting back on U.S. stocks…
On Monday, Bloomberg Business reported that hedge fund managers cut their holdings in U.S. stocks by $200 billion last quarter. These funds now hold $1.5 trillion in U.S. stocks, down from $1.7 trillion at the end of June.
The list of fund managers who trimmed their U.S. stock holdings reads like a “who’s who” of the investing world. It includes David Einhorn, John Burbank, David Tepper, and Stan Druckenmiller.
Druckenmiller is one of the world’s most successful hedge fund managers. He generated an incredible 30% average annual return from 1986 to 2010. Today, he runs Duquesne Capital.
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Turkey: The Country ISIS Uses As A Home Base And Where It Has Sold 800 Millions Dollars Of Oil

by Michael Snyder, End of the American Dream:

If we truly do want to get rid of ISIS, why aren’t we doing anything about the Islamic governments that are funding them, aiding them and facilitating the sale of their oil?  As you will see below, ISIS fighters hop back and forth over the Turkish border with impunity, there are “direct dealings between Turkish officials and ranking ISIS members”, and more than $800,000,000 worth of ISIS oil has been sold in Turkey.  If these things are true, action must be taken.  According to a recent Rasmussen Reports survey, 92 percent of Americans consider Islamic terrorism to be a serious threat to the United States, and a Washington Post-ABC News survey found that 83 percent of registered voters believe that a terror attack that causes a large amount of casualties inside the United States is likely in the near future.  The American people clearly want ISIS to be dealt with, so why isn’t the Obama administration doing anything to go after the state sponsors of such terror?
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Sprott Unleashed: “Everything is a Lie… They’ve Got To Pretend There Is An Economic Recovery Happening”

by Mac Slavo, SHTFPlan:

If the government’s official statistics are to be believed the U.S. economy is moving full steam ahead. Consumers are spending, the job market is expanding, real estate has recovered, stocks are soaring and the U.S. dollar is stronger than it has been in a decade.
But if you have yet to realize it, it’s all a lie. So says billionaire investor Eric Sprott of Sprott Global, which manages hundreds of millions of dollars in contrarian investment funds for clients all over the world. Well known for his long-term bullishness on the resource sector, specifically precious metals, Sprott joined First Mining Financechairman Keith Neumeyer in a must-see interview where the pair discuss everything from the state of the global economy and trade to gold market manipulation and the inevitable breakdown of highly leveraged paper trading exchanges.
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The LBMA And Comex Gold Markets Are In A State Of Collapse

by Dave Kranzler, Investment Research Dynamics:

The disappearing stock of physical gold on the Comex and the LBMA has been documented and discussed by several analysts recently, including this website. In correlation with the disappearing physical gold is the preposterous amount of paper gold claims issued against the dwindling supply of gold both in NY and London.
But what does it mean and where is all this gold going?
Long time precious metals market professional and analyst, David Jensen, has written a must-read analysis which explains why the explosion in the amount of paper gold and the disappearance of physical gold is transmitting the message that the NY and London bullion markets are collapsing:
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