China Halts Trading For The Entire Day After Another 7% Crash...

 

CHINA STOCKS HALTED FOR REST OF DAY AFTER CSI 300 TUMBLES 7% - Following the collapse of offshore Yuan to 5 year lows and decompression to record spreads to onshore Yuan, The PBOC has stepped in and dramatically devalued the Yuan fix by 0.5% to 6.5646. This is the biggest devaluation since the August collapse. Offshore Yuan trading has been violent with a 1000 pips swing on Yuantervention. Dow futures are plunging... WTI trades at a $32 handle... Gold hits $1100.

Paul Craig Roberts: The Rule Of Law No Longer Exists In Western Civilization

Submitted by Tyler Durden on 01/06/2016 - 22:25 American justice is a joke. It does not exist. The USA is a lawless country. By that we do not mean what conservative Republicans mean, which is, if we understand them, that racial minorities violate law with something close to impunity. What we mean is that only the mega-banks and the One Percent have legal protection, and that is because these people control the government. For everyone else law is a weapon in the hands of the government to be used against the American people.
 

Eyewitness Account Of The "Monstrous" Migrant Attacks In Germany: "It's Like Civil War"

Submitted by Tyler Durden on 01/06/2016 - 10:51 "These people that we welcomed just three months ago with teddy bears and water bottles ... started shooting at the cathedral dome and started shooting at police. Well seasoned police officers then confessed to me that they never saw something like this in their entire lives."

Cologne Mayor Slammed For Telling German Women It Is Their Responsibility To Keep Rapists At "Arm's Length"

Submitted by Tyler Durden on 01/06/2016 - 21:50 “There’s always the possibility of keeping a certain distance of more than an arm’s length – that is to say to make sure yourself you don’t look to be too close to people who are not known to you, and to whom you don’t have a trusting relationship. We need to explain to people from other cultures that the jolly and frisky attitude during our Carnival is not a sign of sexual openness."

Enough Already! It's Time To Send The Despicable House Of Saud To The Dustbin Of History

Submitted by Tyler Durden on 01/06/2016 - 21:15 For more than four decades Washington’s middle eastern policy has been dead wrong and increasingly counter-productive and destructive. Washington’s Mideast policy is predicated on the assumption that the answer to high oil prices and energy security is deployment of the Fifth Fleet to the Persian Gulf. And that an associated alliance with one of the most corrupt, despotic, avaricious and benighted tyrannies in the modern world is the lynch pin to regional stability and US national security. Nothing could be further from the truth. The House of Saud is a scourge on mankind that would have been eliminated decades ago, save for Imperial Washington’s deplorable coddling and massive transfer of arms and political support.

Options Traders See Yuan Collapse Continuing In "Dangerous Situation For Policy-Makers"

Submitted by Tyler Durden on 01/06/2016 - 20:40 Surely, The PBOC will step in at some point and save the collapsing currency? Nope - not if options traders (and Kyle Bass) are to be believed. The odds of the yuan breaking beyond 7 to the greenback by the end of March more than doubled to 12% (from 5.8% at the start of December). Ironically, Bloomberg reports only 1 of 39 analyst predicts Yuan to trade beyond 7 by the end of 2016. The market's extremely strong conviction, and apparent PBOC loss of control is "a dangerous situation for policy-makers" according to one Asian economist.

2016 Theme #3: The Rise Of Independent (Non-State) Crypto-Currencies

Submitted by Tyler Durden on 01/06/2016 - 20:05 The invention of the blockchain and crypto-currencies such as Bitcoin have opened the door to non-state, non-central-bank currencies - money that is global and independent of any state or central bank, or indeed, any bank. This doesn't just open the possibility of escaping the debt-serfdom of central and private banks - it opens the door to an entire global economy that's free of the inequality and concentration of wealth and power that is the only possible output of central bank created and distributed money.

Gallup Explains Trump: "A Staggering 75% Of Americans Believe In Widespread Government Corruption"

Submitted by Tyler Durden on 01/06/2016 - 19:32 What explains America's revulsion with the existing system? The answer comes from the latest Gallup article: "Explaining Trump: Widespread Government Corruption" in which it finds that once the silent majority of the population can identify the object of their distrust and anger - in this case Congress and the political status quo - and once they can subsequently identify an object that represents its opposite, the latter object's distance to the Oval Office becomes considerably shorter.

Macy's Massacre: Thousands Fired; Guidance Slashed (Again); Weather Blamed

Submitted by Tyler Durden on 01/06/2016 - 19:22 Two months after the first "Macy's Massacre", the massacre is back with a vengeance, and moments ago the iconic retailer not only reported yet another cut in its guidance, but also announced it would be laying off another boatload of retailers, demonstrating just how strong the "service" economy truly is.

Brazil's Olympic Stadium Goes Dark Over Unpaid $250,000 Electric Bill

Submitted by Tyler Durden on 01/06/2016 - 19:10 To be sure, there were already a number of concerns about the upcoming Olympic games in Rio. For instance, last summer we learned that thanks to a lack of sanitation infrastructure, Olympic athletes are almost certain to come into contact with disease-causing viruses in the water. In the latest embarrassment, power to the stadium that will host the Olympic track and field events was cut off after a dispute between the government and a soccer club ended in a $250,000 unpaid utility bill.

ISIS – The Case For Non-Intervention

Submitted by Tyler Durden on 01/06/2016 - 18:45 We don’t have a dog in this fight.  San Bernardino doesn’t change the calculation.  ISIS will eventually collapse under its own homicidal and parasitical weight, probably with the help of one or more of its neighbors, whose inactivity and divisiveness we currently underwrite. Then ISIS will be replaced by something better... or worse... it is impossible to know in this region.  In the interim, we and our European friends should focus our efforts on isolating ourselves from the madness.  And we certainly should not go out of our way to draw further fire.

Sell In 1973, And Go Away

Submitted by Tyler Durden on 01/06/2016 - 18:20 Returns from being long the commodity super-cycle have evaporated in the last 18 months... to 42 year lows...

Guns Don't Cause Suicide

Submitted by Tyler Durden on 01/06/2016 - 17:55 Homicide rates in the United States have been declining for 20 years as the number of privately-held guns in the US has increased substantially. In some states, such as New Hampshire and Oregon, which have very weak gun laws, homicide rates are remarkably low, and these states are among the safest places on earth. As homicide rates have declined, however, and gun-related homicides with them, gun-control advocates have attempted to create a new category of "gun violence" by blaming suicides on access to guns.

"We The People Are Pissed": New Poll Finds Whites And Republicans Are Angriest Americans

Submitted by Tyler Durden on 01/06/2016 - 17:30 "We the people are pissed. The body politic is burning up. And the anger that courses through our headlines and news feeds - about injustice and inequality, about marginalization and disenfranchisement, about what they are doing to us - shows no sign of abating,"

Spot The Most Manipulated Market In The World

Submitted by Tyler Durden on 01/06/2016 - 17:25 One of these bubbles is not like the others, one of these bubbles just doesn't belong... and yet still "officials" and talking-heads proclaim it cheap...

Read The Powerful Saudi Terrorism Article Censored By Al-Jazeera

Submitted by Tyler Durden on 01/06/2016 - 17:05 On December 3rd, a month before Saudi Arabia carried out it largest mass execution since 1980 - subsequently setting the region on fire - Arjun Sethi wrote an article for Al-Jazeera titled: Saudi Arabia Uses Terrorism As An Excuse for Human Rights Abuses. According to Cora Currier at the Intercept: Al Jazeera’s headquarters in Qatar appear to have blocked the article outside of the United States because it is critical of an ally of Qatar.

Stocks Plunge To 3-Month Lows Amid Crude Carnage, Chinese Currency Collapse

Submitted by Tyler Durden on 01/06/2016 - 17:04

Trader Psychology Is Reversing, Scotiabank Warns Market Is "Ripe For Volatility Spikes"

Submitted by Tyler Durden on 01/06/2016 - 16:40 Market psychology established in recent years is reversing. Market volatility is rising and will remain pervasive for a while as psychology, the change in direction of Fed policy, and the increases in general uncertainties, will all conspire to shape an environment ripe for sharp spikes in volatility which will be further amplified by rickety market liquidity.

Will Weak Closes Drag Markets Down?

Submitted by Tyler Durden on 01/06/2016 - 15:55 The concern, of course, is that these divergences are not resolved by strengthening stock market closes (a welcome sign of improved investor confidence) but, rather, by pullbacks in the indexes themselves– a decidedly less envied outcome.

Me, The People

Resented with no comment...

Sudden Massive Buyer Appears As Apple Breaks $100

Submitted by Tyler Durden on 01/06/2016 - 15:09 Is Tim Cook in the house? Or is The SNB doubling down?

With Stocks in Freefall, Nasdaq Breaks...

Submitted by Tyler Durden on 01/06/2016 - 15:01 They tried to slam VIX (and failed). JPY was sold (but failed). And Crude was temporarily ramped (but failed). So how do you stall a sell-off - BREAK THE MARKET AGAIN!!

Foreign banks in China could face curbs if they snub gold benchmark

by Gordon T. Long, Reuters:

China has warned foreign banks it could curb their operations in the world’s biggest bullion market if they refuse to participate in the planned launch of a yuan-denominated benchmark price for the metal, sources said.
The world’s top producer and consumer of gold has been pushing to be a price-setter for bullion as part of a broader drive to boost its influence on global markets.
Derived from a contract to be traded on the state-run Shanghai Gold Exchange, the Chinese benchmark is set to launch in April, potentially denting the relevance of the current global standard, the U.S. dollar-denominated London price.2016 and to see EACH of these which we explore in this article to increasingly and significantly extract money from taxpayer wallets:
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WHY WOULD HE SAY THIS?

by Bill Holter, JS Mineset,
Based on the title, you might be guessing “who said what”? It could be thought we are discussing one of the many ridiculous quotes by Jim Cramer. His latest was a rant about how our market should not be down this morning “because” North Korea allegedly lit off and tested a nuke. He went on to say “look at earnings, they can’t be the problem, Monsanto and Sonic beat handily”… Really? Good earnings at Sonic are a sign of economic and financial health?
We could also be talking about president Obama’s speech yesterday where he actually mentioned a few folks have been killed by guns in Chicago of all places. I could be wrong, but I have never heard him mention any problems in that utopian metropolis?
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FRA Predicts Massive Tax Grab Coming in 2016 at All Levels of Government

by Gordon T. Long, GoldSeek:

The Financial Repression Authority sees the massive government tax grab already quietly underway accelerating in 2016 in most of the developed economies.
This ‘grab’ will be a desperate political act driven by underfunded, and in a significant number of cases, unfunded public pension which will unfold at all three levels of government, Federal, State and City /Local government. It will be disguised by different focal emphasis and appear to evolve in an uncoordinated manner – but it will occur!
To spot its telltale fingerprints we should expect the following words to become much more prevalent in the “public narrative” throughout 2016 and to see EACH of these which we explore in this article to increasingly and significantly extract money from taxpayer wallets:
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PBOC LOSES CONTROL OF YUAN PEG, SETTING THE STAGE FOR A GLOBAL CURRENCY CATASTROPHE

by Andy Hoffman, Miles Franklin:
It’s Wednesday, with gold up $14oz; silver up $0.15/oz; and “everything else” – from oil (Brent crude at 2004 lows!), to base metals, equities, junk bonds, and Treasury yields crashing. Whilst, in the wake of yesterday’s “crashing currency cornucopia” article – countless currencies, “commodity” or otherwise, are freefalling.
Let’s just start with some of the “minor” horrible headlines of the past 24 hours; after which, we’ll build up to the BIG KAHUNA that has the global economy and financial markets on the precipice of the abyss…
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Hilarious response to anti-preppers who hate preparedness while betting their lives that nothing catastrophic will ever happen

by Mike Adams, Natural News:

Have you ever met an anti-prepper? They’re people who despise the very idea of prepping and actually pride themselves on being as non-prepared as possible.
They almost universally suffer from “normalcy bias,” meaning they truly believe nothing catastrophic will ever happen simply because it hasn’t happened yet in their own life experience.
It goes without saying that the next great global disaster will eliminate most of these people from the gene pool… Darwin Award style.
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Disclosure… or Predictive Programming: Hillary Clinton Claims Aliens May Have Visited Us Already

by Jesse Byrnes, The Hill:
Hillary Clinton says that aliens may have already visited humanity.
“I think we may have been [visited already]. We don’t know for sure,” the Democratic presidential front-runner told The Conway Daily Sun during a campaign stop in New Hampshire last week.

Her comment came after being asked about her husband Bill Clinton’s comments during an appearance on late-night show “Jimmy Kimmel Live” in 2014, when he suggested that extraterrestrial life could exist.

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Obama announces more Unconstitutional Executive Action on Guns

from Off Grid Survival:

President Obama is yet again lawlessly sidestepping the constitution by passing another executive order that fly right in the face of prior congressional votes.
This morning President Obama announced a wide range of executive orders that he will use to go after guns. Despite being broadly rejected by Congress, Obama is ignoring not only the will of the people, but the constitution itself. In fact, during his press conference this morning President Obama admitted that the actions he is taking were voted down by congress, but says he will go forward with them anyways.
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Long Before Militia in Oregon, Eric Holder Was in “Armed Standoff” At Columbia ROTC Building

by Mac Slavo, SHTFPlan:

If the standoff in Oregon had taken place last year, he would have been the man in charge of the federal response across every law enforcement agency, including the FBI, ATF and U.S. Marshals.
Though Loretta Lynch has now succeeded him as Attorney General, Eric Holder led the nation’s law enforcement response during most of the Obama Administration.
And he, too, was once involved in an armed standoff.
In sharp contrast to his role as Attorney General, Eric Holder, as a young black radical at Columbia, was one of those who were engaged in an “armed standoff” with authorities over a “territorial dispute.”
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