Peter Schiff Warns: "The Whole Economy Has Imploded... Collapse Is Coming"

Submitted by Tyler Durden on 12/07/2015 - 12:17 "We’re broke. We’re basically living off of debt. We’ve had a huge transformation of the American economy. Look at all the Americans now on food stamps, on disability, on unemployment... The whole economy has imploded... the bottom hasn’t dropped out yet because we’re able to go deeper into debt. But the collapse is coming."

Trump Demands "Total & Complete" Shutdown Of Muslims Entering America

Submitted by Tyler Durden on 12/07/2015 - 16:43 Having exclaimed "is that all there is?" following President Obama's speech last night on how he would make Americans safer, Donald Trump appears to have decide to take matters into his own hands. The leading Republican presidential nominee has called for a "total and complete" moratorium on allowing Muslims to enter the United States...

How Obama Is Using The Grossly Unconstitutional "No Fly List" To Push Gun Control

Submitted by Tyler Durden on 12/07/2015 - 17:00 Since taking office, Obama has boosted the number of people on the no fly list more than ten-fold, to an all-time high of 47,000 - surpassing the number of people barred from flying under George W. Bush. So should we be at all surprised that President Obama is using one egregious violation of Constitutional rights to target another?

Traders Buy Bonds & Guns, Dump Stocks & Credit As Crude Crashes To 7-Year Lows

Submitted by Tyler Durden on 12/07/2015 - 16:07

The Latest Revolving Door Farce: Bernanke, Trichet And Gordon Brown To Form Pimco Advisory Board

Submitted by Tyler Durden on 12/07/2015 - 16:40
The public-to-private sector "revolving door" has crossed into the macabre twilight zone.

Oil, Gold, & The Reflation-Deflation Battle

Submitted by Tyler Durden on 12/07/2015 - 16:00 Gold is an alternative to Fed “money.” If Fed money rises in value, gold deflates. Conversely, oil is a global GDP-commodity.  We believe the gold-to-oil ratio (GOR, gold/oz. divided by WTI oil/bbl.) is "deflation relative to reflation."

The One Chart The Proves How The Fed Singlehandedly Doubled The Stock Market Since 1997

Submitted by Tyler Durden on 12/07/2015 - 15:51 By excluding 294 "day of + day before" Fed meeting trading days (147 x 2 days excluded) out of over 4,500 total trading days since Jun-1997, the drop is ~50%. Basically, excluding just 6% of Fed-influenced days cuts the S&P 500 price in half.

Beware The "Massive Stop Loss" - JPM's Head Quant Warns This Unexpected Downside Catalyst Looms Next Week

Submitted by Tyler Durden on 12/07/2015 - 15:39 "There are $1.1 trillion of S&P 500 options expiring on Friday morning. $670Bn of these are puts, of which $215Bn are struck relatively close below the market level, between 1900 and 2050. At the time of the Fed announcement, these put options will essentially look like a massive stop loss order under the market. This important event falls at a peculiar time—less than 48 hours before the largest option expiry in many years. "

Why Diversification Is For Losers

Submitted by Tyler Durden on 12/07/2015 - 15:30 "Invest for the long-term," "buy-and-hold," "stay diversified," are the mantra of every asset-gathering commission-taking 'manager' out there... However, as JPMorgan notes, empirically that is a loser's bet. In fact, investors owning just the top 10 performers of the S&P 500 has never suffered a single rolling 12 month period loss (lowest was April 2009 +0.24%).

IED Explodes At Moscow Bus Stop, Injuries Reported

Submitted by Tyler Durden on 12/07/2015 - 15:26 “An unknown home-made explosive device has gone off at a public transport stop injuring three people"...

Credit Card Debt Barely Rises In October As Both Student And Auto Loans Surpass $1 Trillion

Submitted by Tyler Durden on 12/07/2015 - 15:24 After September's record surge in total consumer credit, when non-revolving credit soared by $22 billion while credit card jumped by a whopping $6.7 billion, something appears to have snapped in October when according to the Fed, just $16 billion of new credit was created, almost half the prior month, and far below the consensus estimate of a $20 billion increase. And yet there is little risk that debt-fuelled spending on the two staples that have kept the US credit machine chugging along, namely student and car loans, both of which have just surpassed a total of $1 trillion in notional debt outstanding.

Supreme Court Declines To Consider Challenge To Assault Weapons Ban

Submitted by Tyler Durden on 12/07/2015 - 15:15 “A ban on assault weapons and large-capacity magazines might not prevent shootings in Highland Park (where they are already rare), but it may reduce the carnage if a mass shooting occurs. If a ban on semiautomatic guns and large-capacity magazines reduces the perceived risk from a mass shooting, and makes the public feel safer as a result, that’s a substantial benefit.”

The News... Simplified

Submitted by Tyler Durden on 12/07/2015 - 15:00

Unintended Consequences

Submitted by Tyler Durden on 12/07/2015 - 14:55 Actions – including the state’s best-intentioned ones (giving them the benefit of the doubt) - have consequences, not all of them foreseen and some of them contrary to what was (we assume) intended.

US Air Force Running Out Of Bombs To Drop On ISIS

Submitted by Tyler Durden on 12/07/2015 - 14:30 Things must be going well in the "war on terror," as the US Air Force just admitted that it is fast running out of bombs to drop on ISIS after "B-1s have dropped bombs in record numbers." As ZeeNews reports, Air Force chief of staff General Mark Welsh said as America ramps up its military campaign against the Islamist terror group, the Air Force is now "expending munitions faster than we can replenish them."

Former Congressman Goes On Anti-Islam Rant, Dares Loretta Lynch To Prosecute Him

Submitted by Tyler Durden on 12/07/2015 - 14:11 “If the attorney general is trying to suggest that the Justice Department will generally prosecute people for speech that ‘edges towards violence,’ or for ‘anti-Muslim hatred, including rhetoric,’ that’s bad.” It appears she’s trying to instill fear in the American populace so that it thinks twice before speaking. This is completely and totally unacceptable behavior from the Attorney General of these United States. So former Congressman Joe Walsh took to video and dared her to sue him.

"Outing" The Over-Confidence Of Our Central Bank Overlords

Submitted by Tyler Durden on 12/07/2015 - 13:21 Confidence in central bankers is now hanging by a thread. Mario Draghi (and his fellow Goldman Sachs alum Mark Carney at the Bank of England, for that matter) might want to adopt a little humility before that thread snaps completely. It is always tragic when we filthy peasants stop banging rocks together momentarily to listen to the awe-inspiring intellects at the central banks, only to misunderstand them. Perhaps the real problem is one of overconfidence. Not our overconfidence. Theirs.

New Photo Emerges Of California Mass Shooters Entering The US

Submitted by Tyler Durden on 12/07/2015 - 13:10 While we were the first to mock co-workers' contention that Farook's radicalization could be confirmed by the size of his beard, we would note that although you cannot judge a book by its cover, it does indeed appear as though some manner of transformation might have taken place in or around Farook's two visits to Saudi Arabia.

"Where Is The Bubble Today?" - Stifel Explains

Submitted by Tyler Durden on 12/07/2015 - 13:05 "Where is the bubble today? Perhaps central banks are the bubble."

The Era Of The Rock-Star Central Banker Is Far From Over

Submitted by Tyler Durden on 12/07/2015 - 12:53 Paul Volcker and Alan Greenspan were the Elvis and Beatles of this movement – the first to see widespread fame for their efforts. Then came Ben Bernanke, perhaps the Jimi Hendrix or Led Zeppelin of his day, taking existing tools and pushing them in new, previously unconsidered, directions.  Now, we have Janet Yellen and Mario Draghi, whose legacies are as yet undefined. They may end up like the next generation of rock stars from the 1970s – something like Bruce Springsteen, with a deep focus on common people in his music. Or, they could be the Bee Gees, who focused simply on commercial success. Only time will tell.

China's FX Reserves Fall By Third Most On Record As Outflows Persist

Submitted by Tyler Durden on 12/07/2015 - 12:35 China burned through some $40 billion in FX reserves in November in support of the yuan while the headline drawdown came in at a whopping $87 billion inclusive of valuation effects. It was the third largest decline in history and suggests that despite a misleading $11 billion increase in October, capital flight continues unabated.

Bloomberg Commodity Index Crashes To 16-Year Low - 22% Below 2009 Trough

Submitted by Tyler Durden on 12/07/2015 - 12:27 This won't end well...

And The Market Breaks...

Submitted by Tyler Durden on 12/07/2015 - 11:46 Just as happened last week in Europe when stocks crashed on Draghi's disappointment, so amid today's carnage, there was only one thing left to stop the tumble... BREAK THE MARKET AGAIN!!

Thanks Obama: Smith & Wesson And Sturm, Ruger Are Soaring

Apple "Faces Risk Of Inventory Correction": Three Channel Checks Confirm Deteriorating iPhone Sales

Submitted by Tyler Durden on 12/07/2015 - 11:35 One month ago, Credit Suisse confirmed what we had reported in the previous several weeks, namely that according to channel checks, iPhone supply chain orders had weakened recently adding that "in our view, the continued weak supply chain news could weigh on Apple shares for the next few weeks/quarters." The market did not like the news and sold AAPL stock only to promptly BTFD as it always has in the past 7 years: after all any transitory weakness is merely an opportunity to buy, right? Only this time the weakness may not be transitory, because as of this morning we now have not one but three updated channel checks all pointing to a substantial slowdown in AAPL's flagship product and core revenue generator, the iPhone.

How One "Lucky" Options Trader Made A 60,000% Return Over The Weekend

Submitted by Tyler Durden on 12/07/2015 - 10:58 With Keurig Green Mountain trading around $51 late on Friday, one "hopeful" options trader decided it was an opportune time to buy 99 $60 call options (controlling 9,900 shares or around $594,000 worth at the strike) which unless something miraculous happened would expire entirely worthless within a week. Well... a miracle happened over the weekend, CMGR was bought at a 78% premium and that "lucky" options trader cashed in his lottery ticket with a 60,000% return.


filed under (unt

In NYT Op-Ed, Hillary Lays Out How She'd "Rein In Wall Street" (And No, Not By Demanding Even More Donations)

Submitted by Tyler Durden on 12/07/2015 - 10:41 Overnight Hillary Clinton, in her latest populist push to present herself as "one of the people" wrote a NYT op-ed explaining "How I'd Rein In Wall Street", we were wondering if it would include draining Wall Street balance sheets with mandatory and far greater donations to her campaign by Wall Street firms - a strategy that may actually work as it hits banks where it hurts the most: their money. To our disappointment, this was not included.

Iraq to Turn to UNSC if Turkey Fails to Withdraw Troops Within 48 Hours

from Sputnik News:

Baghdad warned that it might turn to the UN Security Council if Ankara failed to withdraw its troops from Iraq within 48 hours.
Baghdad may use all the available options, including an address to the UN Security Council, if Turkey fails to withdraw its troops from northern Iraq within 48 hours, Iraqi Prime Minister Haider Abadi said Sunday.
Numerous reports suggest that on Friday Turkey sent approximately 130-150 soldiers to northern Iraq. Turkish forces, deployed near the city of Mosul, are allegedly tasked with training Peshmerga, which has been involved in the fight against Daesh, also known as ISIL.
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Mr. President, Stick It

from The Burning Platform:

Oh please.

There was not one damn word of contrition for your failures.
Your administration failed to identify the terrorists, despite multiple opportunities.  The woman came to this country and was improperly vetted.  The man was here and apparently had multiple overseas contacts with terrorists, which I remind everyone is already legal for the CIA to intercept (on the other end.)
It appears that your failures not only included missing clear and discoverable information on communication but in addition there appears to be evidence that both money and training flowed from overseas.  
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American Warning 2016: The Signs are Here

from The Victory Report:

Eyewitness to terror attack: ‘Three tall white men did it’

by Shepard Ambellas, Intellihub:

A few interesting details have surfaced regarding Wednesday’s mass shooting dubbed ‘terror attack’ which killed 14 and injured 17 others. One of the most interesting comes from an eyewitness.
We now know that ATF investigators recovered police issued firearms from the alleged shooters. This key detail was leaked by 2016 GOP Presidential Candidate Carly Fiorina during a press interview after she had overheard a newsroom report that doesn’t fit the official narrative.
We also know that active shooter drills actually took place near the crime scene just days before and possibly even on the same day of the mass shooting as reported by Mac Slavo.
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A Quick-Start Guide for New Preppers Who Want to be Ready RIGHT NOW

by Daisy Luther, The Organic Prepper:

When you first start prepping you want everything RIGHT NOW. You look around your home and see nothing but shortcomings. You don’t have enough food, you don’t have a woodstove, you have no secondary water source…that’s it. You and your family are doomed.
You feel a panicked urgency because you’ve learned just enough to know that you are NOT prepared.You know that there are all sorts of supplies that you need, but if you’re like most of us, you’re on a budget. Very few of us can afford to buy everything we need all at once.
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OPEC JUST SEALED THE GLOBAL ECONOMY’S TERRIFYING FATE

by Andy Hoffman, Miles Franklin:
… The world continues to move forward – or economically speaking, backward – at an unprecedented pace.  And thus, it’s next year I have my eyes on; when, in my view, the odds of the “Big One” being averted – globally – are somewhere between “slim” and “none.”
To that end, this week’s “Big Three” news items didn’t disappoint, in creating terrifying uncertainty and volatility about the future – starting with yesterday’s ECB meeting, when Draghi only reduced the ECB’s deposit rate from -0.2% to -0.3%; and only extended QE “at least” six months, or “at least” €360 billion.  And by “at least,” I mean the ECB’s policy statement essentially screamed “QE to Infinity.”
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A TEST OF WILLS!

by Bill Holter, JS Mineset:
So what exactly happened last Thursday? The markets (including the dollar) crashed …and this was not supposed to happen? It’s actually quite easy to understand if you see what they did was “only a test” … Do you understand what I mean when I say a “test”? I will explain shortly but first, the Fed came out with piggybacked governors talking about a rate hike. Hilarious on the face of it if you just look at the U.S. economic implosion going on. But let’s assume this is reality, the Fed really wants to hike rates (they do not “want to”, they HAVE to). For the sake of saving face and retaining any credibility they absolutely MUST raise interest rates after seven years …how do they do this? Please read this piece by E.D. Skyrm, http://www.zerohedge.com/news/2015-12-03/its-just-025-rate-hike-whats-big-deal-here-stunning-answer, just a .25% rate raise in rates will require the equivalent of up to $800 billion of collateral necessitated to being pulled. Did you get that? $800 billion??? A huge number and enough to tank the whole system …unless someone is willing to replace it.
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Albert Einstein’s Anti-War Agenda

from The Sleuth Journal:

Today the most perilous time in world history – before the November 13 Paris false flag and Turkey’s aggression against Russia, with full US-dominated NATO support.
In the wake of Paris and Washington’s complicity with Erdogan’s bandit act, an article days earlier said the Doomsday Clock inched closer to midnight.
The threat of possible global war with nuclear weapons should terrify everyone. Public complacency and ignorance in America and other Western societies make the unthinkable possible. The horror of potential nuclear war looms.
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Desperate Finland Set To Unleash Helicopter Money Drop: Giving EVERY CITIZEN a TAX-FREE Payout of Around $900 PER MONTH!

from Zero Hedge:
With Citi’s chief economist proclaiming “only helicopter money can save the world now,” and the Bank of England pre-empting paradropping money concerns, it appears that Australia’s largest investment bank’s forecast that money-drops were 12-18 months awaywas too conservative.
Over the last few months, in a prime example of currency failure and euro-defenders’ narratives, Finland has been sliding deeper into depression. Almost 7 years into the the current global expansion, Finland’s GDP is 6pc below its previous peak. As The Telegraph reports, this is a deeper and more protracted slump than the post-Soviet crash of the early 1990s, or the Great Depression of the 1930s. And so, having tried it all, Finnish authorities are preparing to unleash “helicopter money” to save their nation by giving every citizen a tax-free payout of around $900 each month!
image credit: The Independent
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