Internal War Is Now On The Horizon For America

Submitted by Tyler Durden on 01/07/2016 - 22:30
As our situation in this country becomes more precarious, there are going to be far more flashpoints than anyone will be able to keep track of. It is inevitable that a fight between corrupt elements of the U.S. government and regular people will erupt.If internationalists were to get their way fully with the world and future historians write their analysis from a globalist perspective of the defunct American nation, they will probably say simply that our collapse was brought about by our own incompetence - that we were our own worst enemy. Yes, they would treat America as a cliché. They will of course leave out the destructive influences and engineered disasters of elitists, that would just complicate the narrative. My hope is that we do not prove these future historians correct, and that they won’t have an opportunity to exist.

Martin Shkreli Secures Bail With $45 Million E*Trade Account, Demands Respect From Wu-Tang Clan

“I bought the most expensive album in the history of mankind and RZA is talking shit behind my back and online in plain sight. If I hand you $2 million, fucking show me some respect.”

2016: Oil Limits & The End Of The Debt Supercycle

Submitted by Tyler Durden on 01/07/2016 - 21:30 The problem of reaching limits in a finite world manifests itself in an unexpected way: slowing wage growth for non-elite workers. Lower wages mean that these workers become less able to afford the output of the system. These problems first lead to commodity oversupply and very low commodity prices. Eventually these problems lead to falling asset prices and widespread debt defaults. These problems are the opposite of what many expect, namely oil shortages and high prices. This strange situation exists because the economy is a networked system. Feedback loops in a networked system don’t necessarily work in the way people expect.

"The Jihadists Will Attack Europe": Leaked Phone Call Shows Gaddafi Warned Tony Blair Of Terror Attacks

Submitted by Tyler Durden on 01/07/2016 - 21:00 "They keep saying things like Mohammed is the prophet. Similar to Bin Laden. They are paving the way for him in North Africa."

Russell Napier Explains How The Decline Of The Yuan Destroys Belief In Central Banking

Submitted by Tyler Durden on 01/07/2016 - 20:28 If you had not noticed, 2016 has begun with gold and the USD rising simultaneously. This is different and important. This is very positive for gold and very bad for the world...

Here We Go Again: Chinese Stocks Plunge, Give Up Early Gains Despite Yuan Fix Unchanged

Submitted by Tyler Durden on 01/07/2016 - 20:23 Update: *SHANGHAI COMPOSITE INDEX FALLS 2.04%(AFTER BEING UP 3.2%)
With all eyes on Chinese FX and equity markets, following the worst start to a year for US (and Chinese) stocks in history, PBOC decided (after 7 straight days of devaluation and 7% devaluation since August) to halt the run and increase Yuan fix by a paltry 0.01% to 6.5636 (notably below yesterday's 6.5939 CNY close). Offshore Yuan is strengthening and US equity markets are jumping. Chinese equity markets (now theoretically unhampered by their circuit-breaker panic switch) are far less impressed.

It's Official: Bitcoin Was The Top Performing Currency Of 2015

Submitted by Tyler Durden on 01/07/2016 - 20:00 For most investors, the major story of 2015 was the expectation and eventual fulfillment of a rate hike, signalling the start of tightening monetary policy in the United States. This policy is divergent to those of other major central banks, and this has translated into considerable strength and momentum for the U.S. dollar. Despite this strength, the best performing currency in 2015 was not the dollar. In fact, the top currency of 2015 is likely to be considered the furthest thing from the greenback.

What China Has To Look Forward To When It Opens In A Few Hours

Submitted by Tyler Durden on 01/07/2016 - 19:38
It's all up to China tonight.

"We Came, We Saw, He Died" – Revisiting The Incredible Disaster That Is Libya

Submitted by Tyler Durden on 01/07/2016 - 19:30 "In retrospect, Obama’s intervention in Libya was an abject failure, judged even by its own standards. Libya has not only failed to evolve into a democracy; it has devolved into a failed state...As bad as Libya’s human rights situation was under Qaddafi, it has gotten worse since NATO ousted him."

Bloodbath

Submitted by Tyler Durden on 01/07/2016 - 19:05

Slovak PM Closes The Door To Refugees: "We Don't Want What Happened In Germany To Happen Here"

Submitted by Tyler Durden on 01/07/2016 - 18:58 Fico said Thursday his government sees what he calls a "clear link" between the waves of refugees and the Paris attacks and the sexual assaults and robberies during the New Year's Eve festivities in Germany. He says: "We don't want what happened in Germany to happen here."  Fico says "the idea of multicultural Europe has failed" and that "the migrants cannot be integrated, it's simply impossible."

Why The U.S. Can't Be Called A "Swing Producer"

Submitted by Tyler Durden on 01/07/2016 - 18:30 Daniel Yergin and other experts say that U.S. tight oil is the swing oil producer of the world. They are wrong. It is preposterous to say that the world’s largest oil importer is also its swing producer. There are two types of oil producers in the world: those who have the will and the means to affect market prices, and those who react to them. In other words, the swing producer and everyone else.

For Commodities, This Is The Next Great Depression

Submitted by Tyler Durden on 01/07/2016 - 18:05 While the "sell in 1973, and go away" plan had worked out for some in the commodity space, the destruction of the last decade has only one historical comparison... the middle of The Great Depression.

U.S. ramps-up economic terrorism against Russia

by Jeff Nielson, Bullion Bulls:
With the U.S. and its bankster Masters still fuming about being caught off-guard by Russia’s surprise entry into the “Syrian conflict”, we now see them resorting to more of what they do best: more economic terrorism.
As readers recall from earlier this year, this economic terrorism has essentially two prongs. First there are the direct attacks on Russia’s economy, via (illegally) manipulating the Russian ruble lower — thus unleashing punishing inflation on the economy, and its people.
The second prong of this economic terrorism is to indirectly attack Russia’s economy, via (illegally) manipulating the price of oil lower (and Russia is the world’s #1 energy exporter). Note my deliberate insertion of the word “illegal”.
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The Federal Reserve’s Salvation Army School Of Economics

by Dave Kranzler, Investment Research Dynamics:

When gold finally breaks out of the Banks’ grip you won’t be able to chart its moves fast enough. It is being smothered by a blanket of undeliverable derivatives, and the realization and reckoning of this overhang will be nothing short of spectacular, a sort of 2008 in reverse.  -“Jesse” of Jesse’s Cafe Americain in an email exchange
I wasn’t going to write a general New Year’s post but Bill “Midas” Murphy emailed me wondering why I was quiet.  The truth is I was spending this morning hunting down a new pair of tennis shoes because New Balance redesigned the model I’ve been using for the past three years and it no longer works for me.  It’s very distressing.
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