"War In Paris" - ISIS Claims Responsibility For Deadly Attacks Killing 127: The Full Summary

An unarmed population...

Peter Schiff Warns "The Shadow Rate" Casts Gloom

U.S. stock investors may be complacent regarding the ability of the stock market to withstand higher interest rates. Their confidence may come from the fact that, historically, markets have not peaked until 12-24 months after the Fed begins to tighten. This assumes the tightening cycle begins with the first official rate hike. But if it really began with the increase in the Shadow Rate, then a December rate hike will already be 19 months into the tightening cycle! Plus, given how overvalued stocks may currently be, and the amount of corporate debt accumulated to finance share buybacks, this bull market may be far more vulnerable than most to higher interest rates.

Russian Track And Field Athletes Banned From International Competition

Earlier this week, the “independent” anti-doping commission WADA found that Russia engaged in state-sponsored doping and more importantly, recommended that Russia’s track and field athletes be suspended from Olympic competition in 2016. On Friday evening, that’s exactly what happened because as WSJ reports, “track and field’s world governing body provisionally suspended Russia’s athletes from international competition indefinitely."

About 38% Of All The COMEX Gold In Hong Kong Left The Warehouses Yesterday

Roughly 21 tonnes, or 685,652 troy ounces of gold in .999 fine kilo bars, was withdrawn, net of a small deposit of 27,328 ounces, from the Brinks warehouse in Hong Kong yesterday. To put that into some perspective, that is the same amount of all gold in the entire JPM warehouse in the US. The point of this is that the price discovery in New York is becoming increasingly distinct from the actual physical supply and demand flows of bullion which are taking place in Asia... And that is a potentially dangerous development, especially with respect to a commodity that is being traded at a leverage in excess of 200:1.

France's Far-Right Party Calls For Nation To "Re-Arm Itself", Revoke Muslims' Passports, "Eradicate" Radical Islam

If there is one 'winner' from last night's terrible events in Paris, it is France's anti-EU, anti-immigration far-right wing Front Nationale party leader Marine Le Pen. Having already ascended to the lead in yet another poll ahead of France's 2017 elections, Le Pen came out swinging this morning call for France to "re-arm itself," stating that radical Islam must be "eradicated" from France. She further demanded that border controls be made "permanent" and binational Islamists must be depreived of their French passport.

Pope Francis Condemns "Inhuman" Paris Terror Attacks As Part Of "Piecemeal Third World War"

Pope Francis said "war is madness," just over a year ago while condemning the idea of war in God's name, and today, in a succinct but notably unforgiving and emotional statement, Francis reiterated his previous warning that a "piecemeal" World War III has already begun and, as he previously stated, the international community would be justified in using force to stop what he called "unjust aggression" by Islamic State militants.

Has The Post-Crash Rally Run Its Course?

Is the post-September rally already over... or is it just getting started? The answer likely depends on what market climate we’re in now.

French President Declares State Of Emergency, Enforces Curfew, Closes Borders, Reinforces Army

In the wake of the stunning wave of bombings, shootouts, and hostage situations unfolding in Paris on Friday, French President Francois Hollande has closed the French border.

Paris Attacks = President Marine Le Pen AND Massive Euro Devaluation

from Dollar Collapse:

Earlier today, articles started appearing about the rise of France’s right wing, anti-immigration National Front party in recent polls. This wasn’t a surprise given the ascendancy of formerly fringe political movements in most European states. See, for instance, Portugal Is Potentially A Very Big Deal.
Why do the details of European elections matter? Because the euro was already teetering on the edge of an abyss.
Still, that a formerly (and not so long ago) neo-Nazi party is doing as well as it is in the second largest eurozone economy is pretty remarkable:
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Money As the Greater Depression Deepens

by Doug Casey, International Man:

We talk a lot in these pages about what to do with one’s money, but I question whether most subscribers (forget about the public at large) have an adequate grasp of the basics. Without it, much of what we say may seem capricious or outlandish, crazy ideas readers tolerate only because we’ve been so right about the big trends. But the basics in speculating and investing are like the basics in martial arts: Just remembering them isn’t enough; they need to be second nature. That means reviewing and practicing over and over.
It’s not an accident that we usually make good investment calls; the selections arise from a constant awareness of the basics.
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Market Manipulation Confusion

by Martin Armstrong, Armstrong Economics:

QUESTION: You say that long-term manipulations are impossible while short-term manipulations have been the focus of the bankers. Do you mean to say that not even governments can manipulate the economy perpetually? Are central banks buying US equities to manipulate the US stock market higher? It would seem that the Fed would then be accused of creating a bubble. What is going on?
ANSWER: Ever since Marx, the Age of “New Economics” as Volcker put it came to an end with the collapse of Bretton Woods and the Crash of 1974.
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U.S. Government Takes 10 Years and Spends $1 Billion to Digitize a Single Form

from Liberty Blitzkrieg:
Heaving under mountains of paperwork, the government has spent more than $1 billion trying to replace its antiquated approach to managing immigration with a system of digitized records, online applications and a full suite of nearly 100 electronic forms.
A decade in, all that officials have to show for the effort is a single form that’s now available for online applications and a single type of fee that immigrants pay electronically. The 94 other forms can be filed only with paper. 
From the start, the initiative was mismanaged, the records and interviews show. Agency officials did not complete the basic plans for the computer system until nearly three years after the initial $500 million contract had been awarded to IBM, and the approach to adopting the technology was outdated before work on it began.
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It’s Official: Barack Obama Wants to ‘Help’ You Manage Your Retirement Savings

from Sovereign Man:
In 1875, right around the time the United States overtook the UK as the largest economy in the world, the American Express Company established the very first private pension plan in the US.
American Express had a simple goal: attract the best and brightest employees by giving them retirement security.
At the time, this was a revolutionary idea. The concept of “retirement” was practically martian.
Back then, most people worked until they were no longer medically fit to do so.
To voluntarily stop working and live out your golden years on perpetual vacation was a complete fantasy.
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