Caught On Tape: U.S. Senator Issues Dire Warning On Unchecked Executive Power

The following speech from freshman U.S. Senator Ben Sasse (R, Neb) is so thoughtful and inspiring, it should be required viewing for all American citizens. To hear a U.S. Senator sound more like a statesman than a corrupt hack politician for sale to the highest bidder, is such a breath of fresh air we almost can’t believe it’s real.

Congress's $1.15 Trillion Spending Bill: Heads They Win, Tails You Lose

Submitted by Tyler Durden on 12/21/2015 - 15:30 Fyodor Dostoyevsky’s seminal masterpiece Crime and Punishment is often thought of as one of the longest classics at more than 200,000 words. The Consolidated Appropriations Act of 2016, which was signed into law on Friday, is nearly twice as long. At 887 pages, the bill allocates $1.15 trillion in war and discretionary spending for fiscal year 2016 which began almost three months ago. (That’s an average of $1.3 billion in spending PER PAGE of the bill.) In making it public law, President Obama has effectively signed the death warrant of the US government’s finances.
  

Feudalism: Then & Now

Submitted by Tyler Durden on 12/21/2015 - 20:30 The complicated financial landscape today has made everyone "slaves to the central bank" while ordinary people have found themselves stuck in debt, and spending all they have just to get by.
 

Presenting The Stunning Difference In How Blacks And Whites Are Killed By Guns

Submitted by Tyler Durden on 12/21/2015 - 18:00 There's a marked difference between how African Americans and whites experience gun violence in the US. More specifically, "among whites, 77 percent of gun deaths are suicides. But among black Americans, 82 percent of gun deaths are homicides."

"I Know Of No One Who Predicted This": Russian Oil Production Hits Record As Saudi Gambit Fails

Submitted by Tyler Durden on 12/21/2015 - 12:36

Live Feed Of First SpaceX Rocket Launch Since June Falcon 9 Explosion

Submitted by Tyler Durden on 12/21/2015 - 20:20 In a few minutes, a new Falcon 9 rocket belonging to Elon Musk's SpaceX is set to deliver 11 satellites to low-Earth orbit for ORBCOMM. If all goes as planned, the 11 satellites will be deployed approximately 20 minutes after liftoff, completing a 17-satellite, low Earth orbit constellation for ORBCOMM. Perhaps just as importantly, this mission also marks SpaceX’s return-to-flight as well as its first attempt to land a first stage on land. The landing of the first stage is a secondary test objective.

2015 - The Year In Money

Submitted by Tyler Durden on 12/21/2015 - 19:30

Dramatic Amateur Video Captures Moment Deadly Chinese Landslide Buries 33 Buildings

Submitted by Tyler Durden on 12/21/2015 - 19:09 At least 91 people were missing after a giant mound of mud and construction waste spewed out of an overfull dump site in a southern China boomtown and buried 33 buildings in the country's latest industrial disaster.

The Fed Never Solved The Mystery Of The "Missing Inflation", And Now It Has A Big Problem

Submitted by Tyler Durden on 12/21/2015 - 18:57 "The trouble is that rents are running high not because house prices are booming and/or construction is sawing but because structurally new entrants to the housing market are renters not owners. This is reflected in the very low first time homebuyer rate, less than 30 percent."

Why Capitalists Are Repeatedly "Fooled" By Business Cycles

Submitted by Tyler Durden on 12/21/2015 - 18:30 The artificial lowering of interest rates sets a trap for businessmen by luring them into unsustainable business activities that are only exposed once the central bank tightens its interest rate stance.

Traders Panic-Buy Stocks Into The Close Despite Crude And Credit Crumble

Submitted by Tyler Durden on 12/21/2015 - 17:37

Whistleblower Exposes Exactly How The Government Spies On Your Cell Phone

Submitted by Tyler Durden on 12/21/2015 - 17:30 A new whistleblower has leaked a catalog of cell phone surveillance devices used by the military, intelligence agencies, and local police departments, including the controversial ‘Stingray’ spying tool. At this point, it’s painfully obvious that America is the home of the Police-Surveillance State. Privacy is a dying notion in a nation of fools determined to be safe rather than liberated. If you give a damn, now is the time to stand up and be heard.

Monday Humor? America's "Most Polluted" Nuclear Weapons Site To Become National Park

Submitted by Tyler Durden on 12/21/2015 - 17:01 "Everything is clean and perfectly safe. Any radioactive materials are miles away"...

Chasing Unicorns - 5 Investing Myths That Will Hurt You

Submitted by Tyler Durden on 12/21/2015 - 16:30 There are many half-truths perpetrated on individuals by Wall Street to sell product, gain assets, etc. However, if individuals took a moment to think about it, the illogic of many of these arguments are readily apparent. The index is a mythical creature, like the Unicorn, and chasing it has historically led to disappointment. Investing is not a competition, and there are horrid consequences for treating it as such.

Bank Counterparty Risk Surges To 4-Year High

Submitted by Tyler Durden on 12/21/2015 - 15:50 In September, interbank credit markets flashed a quick and brief warning that something was up... and Janet folded. Three months later and following The Fed's oddly-timed rate-hike, interbank counterparty risk - as proxied by The TED-Spread - has spiked over 45% in 2 days, the most since Sept 2008 (Lehman).

Germans Scramble To Buy Weapons Amid Nationwide Spike In Migrant-Driven Crime

Submitted by Tyler Durden on 12/21/2015 - 15:35 "Things took off beginning in September. Since then, our dealers have been totally overrun. We have never experienced anything like this in the 21 years of our corporate history. Fear: This is not rational. The important term is: 'refugee crisis'."

"The Cost Is Very High": Portugal Taxpayers Face €3 Billion Loss After Second Bank Bailout In 2 Years

Submitted by Tyler Durden on 12/21/2015 - 15:12 Because the Novo Banco auction process went so smoothly, Portugal has decided to throw billions more in taxpayer dollars at a failed lender. This time it's Banif, which will be split into a "good" and "bad" bank just weeks ahead of new EU rules that would have seen uninsured depositors take a haircut as part of the wind down process.

Chipotle Pukes Another 5% After CDC Reports "Another More Recent Ecoli Outbreak"

Submitted by Tyler Durden on 12/21/2015 - 14:56 And the hits keep coming...
*CDC INVESTIGATING ANOTHER, MORE RECENT OUTBREAK OF E. COLI
*CDC: 53 INFECTED WITH E.COLI STEC 026 REPORTED FROM 9 STATES
And the stock is down over 5% now...


filed under F@#$ing Idiots...

Not The Onion: Poll Shows 30% Reps & 19% Dems Support Bombing Fictional City From Aladdin

Submitted by Tyler Durden on 12/21/2015 - 14:50

Trannies Suffer Worst Non-Recession Year Since 1917

Submitted by Tyler Durden on 12/21/2015 - 14:30 The Dow Transportation Index is down almost 19% year-to-date. As Jim Bianco details, 2015 is set to be the worst non-recession year for these economically-sensitive stocks since 1917...

7 Reasons Why Oil Could Fall Even Lower Before Christmas

Submitted by Tyler Durden on 12/21/2015 - 14:10 Oil's hope for a bottom anytime soon appears to stand Snow White's chance in hell of coming true. Seventy-eight years after Walt Disney released the first full-length animated feature, and seven factors in today’s crude complex are dwarfing crude prices.

Step Aside Gold: There Is Something Else The Hedge Fund Community Hates Even More

Submitted by Tyler Durden on 12/21/2015 - 13:51 While the fear and loathing of gold by the "smart money" and central banks has been extensively documented in recent years, another asset class is emerging as the "most hated" within the speculator community: treasurys, or rather, duration.

The Recession And Bear Market Of 2016, In Two Charts

Submitted by Tyler Durden on 12/21/2015 - 13:30 Janet, where is your accelerating economy?

The Real "Death Cross" Of Oil Markets

Submitted by Tyler Durden on 12/21/2015 - 13:15 The 'death cross' of these two energy market indicators is all one needs to know about the oil market...

Is This The Missing Scene From The American Version Of Star Wars?

Presented with no comment...

Do Not Show Fed's Lockhart This Chart

Submitted by Tyler Durden on 12/21/2015 - 12:54 There's this - *LOCKHART: FED RATE RISE WAS VOTE OF CONFIDENCE IN U.S. ECONOMY
And then there's the market's reaction to this "vote of confidence."

We Are Now Entering The "Discovery" Phase Of Financial Collapse

Submitted by Tyler Durden on 12/21/2015 - 12:19 We now enter the “discovery” phase of financial collapse, where things labeled “capital” and “credit” turn out to be mere holograms. It’s not just the Federal Reserve; everything around us is backed into a corner as the rude discovery that capital is not what it has appeared to be is now underway, with the power to derail political systems and societies.

The Federal Reserve Will Hand Out $11 Billion In Riskless "Profits" To Foreign Banks In 2016

Submitted by Tyler Durden on 12/21/2015 - 11:55 So there you have it: a riskless "profit" handout for foreign banks, subsidized by the most famous US "public" institution - the Federal Reserves - amounting to approximately $11 billion in just one year.

S&P Gives Up Gains As High-Yield Bonds Break Bad Again

Submitted by Tyler Durden on 12/21/2015 - 11:37 Following a brief dead-cat-bounce into The Fed's policy error, high-yield bonds are once again being sold for the 3rd day in a row, filling the gap-up from last week. This reality - among others - is weighing on US equities as The S&P just gave up all its Monday morning "stocks are up and they should be" gains.

Central Banks Have Pushed The Middle Class Down Into Neofeudal Serfdom

Submitted by Tyler Durden on 12/21/2015 - 11:31 If a person is unable to earn enough to save, and is unable to compete with financiers and corporations for productive assets, that person is a modern-day serf, a debt-serf indentured to banks and stripped of opportunities to own the sort of assets the Financial Nobility use to accumulate ever-greater wealth and income. The injustice of this central-bank enforced neofeudalism cannot be suppressed like interest rates.





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