by Michael Snyder, The Economic Collapse Blog:
Anyone that tries to tell you that a global financial crisis is not happening is not being honest with you. Right now, there are 27 major global stock markets that have declined by double digit percentages from their peaks earlier this year. And this is truly a global phenomenon – we have seen stock market crashes in Asia, Europe, South America, Africa and the Middle East. But because U.S. stocks are only down less than a thousand points from the peak earlier this year, most Americans seem to think that everything is just fine.
The truth, of course, is that everything is not fine. We are witnessing a pattern similar to what we saw back in 2008. Back then, Chinese stocks and other major stock markets started crashing first, and then U.S. stocks followed later.
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Anyone that tries to tell you that a global financial crisis is not happening is not being honest with you. Right now, there are 27 major global stock markets that have declined by double digit percentages from their peaks earlier this year. And this is truly a global phenomenon – we have seen stock market crashes in Asia, Europe, South America, Africa and the Middle East. But because U.S. stocks are only down less than a thousand points from the peak earlier this year, most Americans seem to think that everything is just fine.
The truth, of course, is that everything is not fine. We are witnessing a pattern similar to what we saw back in 2008. Back then, Chinese stocks and other major stock markets started crashing first, and then U.S. stocks followed later.
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Oil & Ruble Dump, Gold Jumps On Leaked OPEC Decision - "No Cut In Production"
Submitted by Tyler Durden on 12/04/2015 - 08:51 With just over an hour until OPEC's press conference, details are leaking: OPEC HAS AGREED TO OIL OUTPUT POLICY ROLLOVER, SETS TARGET AT 31.5 M B/D AFTER INDONESIA JOINS: DELEGATE. This increases the output limit up from 30 million but is merely reflective of the current real output from the Cartel of 31.5 million barrels. And crude is crashing, Ruble is dumping and gold is jumping.As terrible as the terror attack in San Bernardino, California, is it’s not really the big story.
I know you have been seeing wall to wall coverage of this attack. I am sure some Democrats and the President would like this to be workplace violence, but let’s face it, it was a terror attack carried out by violent Islamic extremists. I am equally sure the President and some Democrats would like to use this as a way to have anti-gun legislation. Both of these views are delusional and out of touch with most Americans. Look no further than Black Friday gun sales. They broke records, and that was before this awful attack. Not all Muslims are bad, but the population is so big globally that if just 10% were radicalized, it would be 160 or 170 million people. This is the new asymmetrical warfare, and it will increase because conflict in the Middle East is increasing.
November Jobs Surge 211K, Higher Than Expected: December Rate Hike Looms Despite Slump In Weekly Earnings
Submitted by Tyler Durden on 12/04/2015 - 08:34 It appears the December rate hike is now cemented following the BLS' report that November jobs rose by 211K, higher than the 200K expected, and well above Janet Yellen's "whisper" number of just 100,000 being sufficient. This follows an even stronger revision to the October number from 271K to a whopping 298K. The unemployment rate remained flat at 5.00%, in line with expectations, while hourly earnings rose 0.2% in November, just as expected.Where The Job Gains Were: 319,000 "Part-Time Jobs For Economic Reasons" Added
Submitted by Tyler Durden on 12/04/2015 - 09:33 The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) increased by 319,000 to 6.1 million in November, following declines in September and October.Israel Conducts Secret Training Exercises Against Russian Air Defense Systems
Submitted by Tyler Durden on 12/04/2015 - 09:16 As Reuters reports, "Israel has quietly tested ways of defeating an advanced air-defense system that Russia has deployed in the Middle East and that could limit Israel's ability to strike in Syria or Iran, military and diplomatic sources said."Why This Sucker Is Going Down... Again
Submitted by Tyler Durden on 12/04/2015 - 08:19 So how do you grow household wealth by $18 trillion in the face of these dismal real world trends? In a word, with a printing press. But what happened today is that Draghi showed he is out of tricks and Yellen confessed she is out of excuses. Yes, this sucker is going down. And this time all the misguided economics professors turned central bankers in the world will be powerless to reverse the plunge.Previewing The "Most Important Jobs Report Ever" - What Wall Street Expects
Submitted by Tyler Durden on 12/04/2015 - 08:02 There is a high hurdle following October's surprisingly strong gain of 271,000 jobs. On the other hand, Wall Street is confident we would have to see a significantly lower number, somewhere in the 100,000 range or even lower, — and weakness in other parts of the report, such as the unemployment rate, hourly wages and weekly hours — for the FOMC to postpone a rate hike into next year.Germany Sends 1,200 "Support" Troops To Syria
Submitted by Tyler Durden on 12/04/2015 - 07:52 In a 445 “for”, 146 “against” (seven abstentions) vote, German lawmakers approved the use of six Tornado reconnaissance jets, and the deployment of a frigate to help "protect" the French aircraft carrier Charles de Gaulle off the coast of Syria. Berlin will also send refueling aircraft and up to 1,200 military personnel.OPEC Meeting Preview: Confusion, Clashes, Disappointment, And Lower Oil Prices
Submitted by Tyler Durden on 12/04/2015 - 07:21 "There has been a bunch of headlines coming out of OPEC with each contradicting the other," says Petromatrix analyst Olivier Jakob. “It is difficult to trade in front of OPEC - the general consensus is for nothing, but when we get a soundbite that creates a bit of a reaction." However, once the OPEC meeting announces that, sorry Venezuela but nothing changes, expect the early upward bias to crude prices to promptly reverse.Futures Rebound On Hope Today's "Most Important Ever" Jobs Number Will Not "Draghi" The Market
Submitted by Tyler Durden on 12/04/2015 - 06:51 Optimism in US equity futures appears to have returned, and as of this moment US equity futures are higher by 9 points to 2060 as the attention shifts to what, according to BofA, is truly the most important ever. It is unclear just how the algos would take a second consecutive major disappointment in a row: should today's NFP print be well below the 200,000 consensus, December rate hike odd will tumble and the EUR will surge even more after declining modestly from overnight highs just below 1.10, leading to even more losses in European equities and spilling over to the US."But It's Just A 0.25% Rate Hike, What's The Big Deal?" - Here Is The Stunning Answer
Submitted by Tyler Durden on 12/03/2015 - 23:59 "QE2 moved Repo rates, on average, 2.7 basis points for every $100B in QE. So, one very rough estimate moved GC 8 basis points and the other 2.7 basis points per hundred billion. In order to move GC 25 basis points higher, in a very rough estimate, the Fed needs to drain between $310B and $800B in liquidity."Silver & Gold Are Surging
from DAHBOO:
by Mac Slavo, SHTFPlan:
Though the FBI has been careful to use the term “terrorism” in connection with the San Bernadino massacre on Wednesday, even a novice investigator should be able to conclude that this is exactly what was behind it.
Immediately following the events in California the media put the anti-gun propaganda into high speed. If you were watching mainstream news you no doubt heard repeated mentions – to the point of annoyance – of words like “long guns” and “workplace violence.” The astute observer knows good and well what the agenda is and at some point today President Obama will confirm it, just as he did following the Fort Hood shooting and the Sandy Hook school shooting in 2012. They want to disarm you, plain and simple.
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Though the FBI has been careful to use the term “terrorism” in connection with the San Bernadino massacre on Wednesday, even a novice investigator should be able to conclude that this is exactly what was behind it.
Immediately following the events in California the media put the anti-gun propaganda into high speed. If you were watching mainstream news you no doubt heard repeated mentions – to the point of annoyance – of words like “long guns” and “workplace violence.” The astute observer knows good and well what the agenda is and at some point today President Obama will confirm it, just as he did following the Fort Hood shooting and the Sandy Hook school shooting in 2012. They want to disarm you, plain and simple.
Read More
from Sputnik:
Eren Erdem, a lawmaker from the Republican People’s Party, Turkey’s largest opposition party, says that he may have found the evidence linking President Recep Erdogan’s son-in-law to the dirty oil trade with Daesh.
Commenting on the sensational allegations put forth by Russia on Wednesday that Turkish President Recep Erdogan and his family are directly connected to the trade of dirty oil, Erdem revealed that he is ready to publicize information next week linking Berat Albayrak, President Erdogan’s son-in-law and the Turkish Minister of Energy and Natural Resources, to the Daesh oil trade.
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Eren Erdem, a lawmaker from the Republican People’s Party, Turkey’s largest opposition party, says that he may have found the evidence linking President Recep Erdogan’s son-in-law to the dirty oil trade with Daesh.
Commenting on the sensational allegations put forth by Russia on Wednesday that Turkish President Recep Erdogan and his family are directly connected to the trade of dirty oil, Erdem revealed that he is ready to publicize information next week linking Berat Albayrak, President Erdogan’s son-in-law and the Turkish Minister of Energy and Natural Resources, to the Daesh oil trade.
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by Gary Christenson, Deviant Investor:
The answer to many questions often depends upon perspective, whether the questions are; should I buy silver, is the S&P 500 expensive, is huge and unpayable debt a problem, is another World War a bad idea, will eating potato chips and candy bars actually damage my health, and are Republicrats as useless and corrupt as they appear?
Many people have suggested that silver prices are hopeless and silver will never go up. This is an overly emotional perspective caused by 4.5 years of declining silver prices and negative sentiment. Consistent with this “hopeless” assessment are:
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The answer to many questions often depends upon perspective, whether the questions are; should I buy silver, is the S&P 500 expensive, is huge and unpayable debt a problem, is another World War a bad idea, will eating potato chips and candy bars actually damage my health, and are Republicrats as useless and corrupt as they appear?
Many people have suggested that silver prices are hopeless and silver will never go up. This is an overly emotional perspective caused by 4.5 years of declining silver prices and negative sentiment. Consistent with this “hopeless” assessment are:
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Gun Store Exercises First Amendment
by Adan Salazar, Infowars:
A local gun shop is getting attention for publicizing their views regarding the Syrian refugee crisis on a large billboard.
Cherokee Guns in Murphy, North Carolina, recently put up a roadside billboard which reads, “Give me your tired, your poor,” but stipulates, “Keep your Syrian refugees.” The owner of the gun store, a man named “Doc,” says he’s not afraid to exercise the First Amendment and let everyone know where he stands on the issue.
“I’ve been called a ‘hate monger’ and a ‘racist’ for putting up the billboard, but the billboard has nothing to do with any of that,” Doc told Breitbart news. “First of all, I’m married to a Canadian who came into the country and did it the right way. And my kid is from China, who came into the country and did it the right way. So the racist-based name-calling won’t work with me.”
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by Adan Salazar, Infowars:
A local gun shop is getting attention for publicizing their views regarding the Syrian refugee crisis on a large billboard.
Cherokee Guns in Murphy, North Carolina, recently put up a roadside billboard which reads, “Give me your tired, your poor,” but stipulates, “Keep your Syrian refugees.” The owner of the gun store, a man named “Doc,” says he’s not afraid to exercise the First Amendment and let everyone know where he stands on the issue.
“I’ve been called a ‘hate monger’ and a ‘racist’ for putting up the billboard, but the billboard has nothing to do with any of that,” Doc told Breitbart news. “First of all, I’m married to a Canadian who came into the country and did it the right way. And my kid is from China, who came into the country and did it the right way. So the racist-based name-calling won’t work with me.”
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from The Daily Bell:
Gold ends near 6-year low as Yellen comments point to rate hike … Janet Yellen all but says interest rates are rising. Gold futures on Wednesday marked their lowest settlement in nearly six years, as a rise in November U.S. private-sector employment and comments from the Federal Reserve’s chairwoman supported the likelihood that the central bank will agree to raise interest rates when it meets in two weeks. – MarketWatch
Dominant Social Theme: The economy is doing well, inflationary pressures are building and we intend to hike, hike, hike …
Free-Market Analysis: It is incredible to us that anyone looking at the reality of the US economy could construe it as healthy, but obviously people do.
MarketWatch tells us that in a speech on Wednesday, Yellen seemed to leave “little room for doubt” about a hike. Yes, Yellen is bullish: That’s not a surprise, but it still leaves us puzzled, hypothetically, anyway. We don’t believe the economic scenario is nearly so rosy.
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Gold ends near 6-year low as Yellen comments point to rate hike … Janet Yellen all but says interest rates are rising. Gold futures on Wednesday marked their lowest settlement in nearly six years, as a rise in November U.S. private-sector employment and comments from the Federal Reserve’s chairwoman supported the likelihood that the central bank will agree to raise interest rates when it meets in two weeks. – MarketWatch
Dominant Social Theme: The economy is doing well, inflationary pressures are building and we intend to hike, hike, hike …
Free-Market Analysis: It is incredible to us that anyone looking at the reality of the US economy could construe it as healthy, but obviously people do.
MarketWatch tells us that in a speech on Wednesday, Yellen seemed to leave “little room for doubt” about a hike. Yes, Yellen is bullish: That’s not a surprise, but it still leaves us puzzled, hypothetically, anyway. We don’t believe the economic scenario is nearly so rosy.
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by Ethan A. Huff, Natural News:
The illusory notion that the federal regulatory agency known as the Centers for Disease Control and Prevention (CDC) is somehow a public entity working on behalf of the people to protect us all from disease is simply laughable.
The CDC, by definition, is a private corporation working on behalf of its stakeholders, which include key players in the pharmaceutical and vaccine industries that profit from the spread of disease, not from real prevention and cures.
The first and most obvious clue that the CDC isn’t what it appears on the surface is the fact that this supposed government agency is listed in the official Dun & Bradstreet (D&B) directory as a for-profit corporation.
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The illusory notion that the federal regulatory agency known as the Centers for Disease Control and Prevention (CDC) is somehow a public entity working on behalf of the people to protect us all from disease is simply laughable.
The CDC, by definition, is a private corporation working on behalf of its stakeholders, which include key players in the pharmaceutical and vaccine industries that profit from the spread of disease, not from real prevention and cures.
The first and most obvious clue that the CDC isn’t what it appears on the surface is the fact that this supposed government agency is listed in the official Dun & Bradstreet (D&B) directory as a for-profit corporation.
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from Spiro:
Response personnel survey a simulated mass casualty incident involving rail cars during the Emergency Responder Hazardous Materials Technician (ERHM) course. During the course the responder receives hands-on training in identifying hazardous materials, using advanced surveying and monitoring equipment, selecting and using the appropriate level of Personal Protective Equipment (PPE), and performing decontamination procedures.
Response personnel survey a simulated mass casualty incident involving rail cars during the Emergency Responder Hazardous Materials Technician (ERHM) course. During the course the responder receives hands-on training in identifying hazardous materials, using advanced surveying and monitoring equipment, selecting and using the appropriate level of Personal Protective Equipment (PPE), and performing decontamination procedures.
by Brandon Turbeville, Activist Post:
A tragic mass shooting in San Bernardino, California unfolded Wednesday and ended when the two suspects were killed by police.
In total 14 innocent people were murdered at the hands of two shooters, with 21 more left injured.
New information has just been released tying these two shooters, Syed Rizwan Farook and his wife, Tashfeen Malik, to the terrorist group ISIS.
According to law enforcement officials, Farook had been in contact with radicalized individuals who were under investigation by the FBI. On Thursday, officials said that it was apparent Farook had been radicalized.
Read More
A tragic mass shooting in San Bernardino, California unfolded Wednesday and ended when the two suspects were killed by police.
In total 14 innocent people were murdered at the hands of two shooters, with 21 more left injured.
New information has just been released tying these two shooters, Syed Rizwan Farook and his wife, Tashfeen Malik, to the terrorist group ISIS.
According to law enforcement officials, Farook had been in contact with radicalized individuals who were under investigation by the FBI. On Thursday, officials said that it was apparent Farook had been radicalized.
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