by Michael Snyder, The Economic Collapse Blog:
Financial experts Robert Kiyosaki and Harry Dent are both warning that the next major economic crash is in our very near future. Dent is projecting that the Dow will fall to “5,500 to 6,000 by late 2017″, and Kiyosaki actually originally projected that a great crash was coming in 2016 all the way back in 2002. Of course we don’t exactly have to wait for things to get bad. The truth is that things are not really very good at the moment by any stretch of the imagination. Approximately one-third of all Americans don’t make enough money to even cover the basic necessities, 23 percent of adults in their prime working years are not employed, and corporate debt defaults have exploded to the highest level that we have seen since the last financial crisis. But if Kiyosaki and Dent are correct, economic conditions in this country will soon get much, much worse than this.
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Financial experts Robert Kiyosaki and Harry Dent are both warning that the next major economic crash is in our very near future. Dent is projecting that the Dow will fall to “5,500 to 6,000 by late 2017″, and Kiyosaki actually originally projected that a great crash was coming in 2016 all the way back in 2002. Of course we don’t exactly have to wait for things to get bad. The truth is that things are not really very good at the moment by any stretch of the imagination. Approximately one-third of all Americans don’t make enough money to even cover the basic necessities, 23 percent of adults in their prime working years are not employed, and corporate debt defaults have exploded to the highest level that we have seen since the last financial crisis. But if Kiyosaki and Dent are correct, economic conditions in this country will soon get much, much worse than this.
Read More
Rand Paul Says He Has A "Major Announcement To Make Tomorrow"
Submitted by Tyler Durden on 03/31/2016 - 13:54Trump Nomination Odds Tumble As 'Brokered Convention' Bets Soar
Submitted by Tyler Durden on 03/31/2016 - 11:53
Charting America's Descent Into Peasantry
Submitted by Tyler Durden on 03/31/2016 - 10:50 This isn’t the outcome of a fairly regulated free market economy. It’s what you get in a rigged economy. The American public is being used like a cheap suit by the status quo. When will enough be enough?
by Daniel McAdams, The News Doctors:
US backing for the overthrow of Syrian president Bashar al-Assad was supposed to be all about democracy. As Washington tells it, the people took to the street demanding democratic reforms and Assad did not listen, so he lost his legitimacy and needed to be overthrown. The US helped facilitate that overthrow by shipping in tons of weapons (much of which ended up in the hands of al-Qaeda and ISIS).
What Syrians were supposed to get in Assad’s place was a bright new future where they could vote for whoever they pleased to lead their government. That is what Washington told us was the noble goal of its regime change operation in Syria.
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US backing for the overthrow of Syrian president Bashar al-Assad was supposed to be all about democracy. As Washington tells it, the people took to the street demanding democratic reforms and Assad did not listen, so he lost his legitimacy and needed to be overthrown. The US helped facilitate that overthrow by shipping in tons of weapons (much of which ended up in the hands of al-Qaeda and ISIS).
What Syrians were supposed to get in Assad’s place was a bright new future where they could vote for whoever they pleased to lead their government. That is what Washington told us was the noble goal of its regime change operation in Syria.
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Should You Load Up On Brazilian Stocks? Lessons From Nixon And Watergate
Submitted by Tyler Durden on 03/31/2016 - 13:35One Trader's Advice: "Listen To Yellen, Ignore Fundamentals"
Submitted by Tyler Durden on 03/31/2016 - 13:25
The Battle To Keep The Establishment In Power
Submitted by Tyler Durden on 03/31/2016 - 13:06 It looks as if it will be much more difficult for Trump to nail down enough delegates to beat the Republicans at their own corrupt rules. We are likely heading toward a rigged convention and this is playing into the hands of the precise thing the Republicans better not do. They are sacrificing the nation for personal perks. It is not that Trump is the savior, hardly, but at least he would be a check against these people."Wrong Way Gartman" Strikes Again...
Gartman Throws In The Bearish Towel: "Don't Fight The Fed"
Submitted by Tyler Durden on 03/31/2016 - 12:47 "We may think Dr. Yellen’s actions are irrational; we may see them in the end as being disastrous; we may fully expect them to come to naught and very probably they shall, but taking positions in opposition them and to her shall cause us to lose both mental and real capital. It is a fight we may win eventually, but eventually can be a very, very, very long while off into the future.... We have no actual net long or short position in equities, however." - Dennis Gartman
Turkey's President Speaks At Brookings As His Bodyguards Attack Journalists, Protesters
Submitted by Tyler Durden on 03/31/2016 - 12:31 In a few moments, Turkey's president Recep Erdogan will address the Brookings center with a speech titled "Global challenges and Turkey's goals for the year 2023." However, the major news is not Erdogan's speech, but what is taking place just before it, and how it puts any treatment of a Trump protest to shame after one journalist was physically removed from the event site by Turkish security personnel, another kicked by a guard, and a third — a woman — thrown to the sidewalk in front of a Washington think tank where he was to speak.
Dozens Arrested, Tear Gas Deployed As French Labor Reform Protests Turn Violent
Submitted by Tyler Durden on 03/31/2016 - 12:13 Police have used tear gas to disperse activists in Paris who are protesting new labor reforms. In Paris demonstrators threw bottles with flammable liquid and stones at police officers. In the city of Nantes demonstrators tried to storm the town hall and smash windows.Impatient Banks: A Real Red Flag For The Oil Patch
Submitted by Tyler Durden on 03/31/2016 - 11:37
“This has the makings of a gigantic funding crisis..."
"The Buttonwood SPV": The Striking Details Of How China's Central Bank Is Directly Buying Stocks
Submitted by Tyler Durden on 03/31/2016 - 11:28 As of this moment, the three main government bodies - including the People's Bank of China - that run China's economy, the financial system or regulate the market all have a direct stake in the market, literally.
Turkey Arrests Shooter Of Parachuting Russian Pilot
Submitted by Tyler Durden on 03/31/2016 - 11:15 Alparslan Celik, the man suspected of shooting a Russian pilot as he parachuted from a downed jet over Syria, has finally been arrested by Turkish police in the city of Izmir and is being questioned, Hurriyet newspaper reports. According to Bloomberg, Celik was detained while at a restaurant in the city on Turkey’s Aegean coast; 14 others also detained.
Assad Ready For Snap Elections As Kremlin Denies Report Of Russia-US Plan To Help Him Flee Syria
Submitted by Tyler Durden on 03/31/2016 - 11:10 "This depends on the Syrian people’s stance, on whether there is a popular will to hold early presidential elections. If there is such a will, this is not a problem for me. It is natural to respond to the will of the people and not to that of certain opposition forces. This issue concerns every Syrian citizen because every citizen votes for the president.”
by Jimmy Mengel, Outsider Club:
A few years back, a friend of mine had an opportunity to get in on the ground floor of a very promising investment…
He was poised to invest $25,000 in Chess.com, a website that teaches players “the game of kings” — and churns out some serious coin while doing so. A $25,000 investment would have netted him $500,000 — an unbelievable return by any measure.
Alas, accredited investor laws prevented him from taking advantage of the private placement, and he was left to watch helplessly as the super-wealthy bought in and cashed out.
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A few years back, a friend of mine had an opportunity to get in on the ground floor of a very promising investment…
He was poised to invest $25,000 in Chess.com, a website that teaches players “the game of kings” — and churns out some serious coin while doing so. A $25,000 investment would have netted him $500,000 — an unbelievable return by any measure.
Alas, accredited investor laws prevented him from taking advantage of the private placement, and he was left to watch helplessly as the super-wealthy bought in and cashed out.
Read More
ISIS In California? 17 "Arabs In Turbans" Fired Guns And Chanted Allahu Akbar In Middle Of The Desert
Submitted by Tyler Durden on 03/31/2016 - 11:01
Dear Janet, You Have A Problem - The Fed Policy 'Death Cross'
Submitted by Tyler Durden on 03/31/2016 - 10:12 "Stock whisperer" Janet Yellen has a major problem. Despite the world's central banks' coordinated easing-driven surge in stocks off the mid-Feb lows, consumer comfort in America has collapsed to its lowest since Dec 2015. The "wealth creation" engine is not transmitting to animal spirits and exuberance among average joes... despite Jim Cramer's exposition that "Yellen is speaking for the common person."
Higher Education Is Morally & Financially Bankrupt
Submitted by Tyler Durden on 03/31/2016 - 10:05 What-flation: +137% in 15 years - A system that piles debt on students in exchange for a marginal or even zero-return on their investment is morally and financially bankrupt.
from The Sleuth Journal:
Obama and Hillary Clinton as secretary of state bear full responsibility for raping and destroying Libyan sovereign independence – including the deaths of many tens of thousands from war, related violence, preventable or untreated diseases, deprivation and continued chaos.
They committed Nuremberg-level high crimes against peace, violating international and constitutional law.
US-led terror-bombing ravaged Libya from February through late October 2011. Calling naked aggression civil war mocks premeditated mass slaughter, devastation, human misery, continued violence and turmoil.
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Obama and Hillary Clinton as secretary of state bear full responsibility for raping and destroying Libyan sovereign independence – including the deaths of many tens of thousands from war, related violence, preventable or untreated diseases, deprivation and continued chaos.
They committed Nuremberg-level high crimes against peace, violating international and constitutional law.
US-led terror-bombing ravaged Libya from February through late October 2011. Calling naked aggression civil war mocks premeditated mass slaughter, devastation, human misery, continued violence and turmoil.
Read More
Chicago Fed's Evans Goes From Hawkish To Dovish And Back To Hawkish Again In Under 2 Weeks
Submitted by Tyler Durden on 03/31/2016 - 10:00 EVANS: GREATER RISKS SUPPORTED SHALLOWER PATH AT MAR FOMC MTGEVANS: STILL COMFORTABLE WITH TWO RATE HIKES THIS YEAR
EVANS: SEES ONE RATE HIKE IN MID-YEAR, ONE LATER IN YEAR
EVANS: WANT TO AVOID SITUATION WHERE NEGATIVE RATES NEEDED
Complete Crude Chaos
Submitted by Tyler Durden on 03/31/2016 - 09:56 Presented with little comment aside to say... fundamentals...
Chicago PMI Bounces Back But Remains Below January Highs (Thanks To Warm Weather)
Submitted by Tyler Durden on 03/31/2016 - 09:53 Following its demise into contraction in February, Chicago PMI jumped back to 53.6 (expansion) in March which is better than expected but remains below January's 55.5 highs. The last 12 months have seen quite unprecedented noise in this economic barometer and MNI reports respondents saying the recovery is "slow and steady... fuelled by warmer weather."
Russian Energy Tycoon Spends $1 Billion On Son's Wedding; Locals Dub It "Feast In A Time Of Plague"
Submitted by Tyler Durden on 03/31/2016 - 09:47 The son of Russian billionaire Mikhail Gutseriev got married this past weekend in what Russian media has been calling, "the most expensive wedding ever", but not everyonewas impressed by the gaudy spectacle: the wedding was branded ‘a feast in a time of plague’. Commenter Marina Baryshnikova complained: ‘It would have been better if they helped those in need, the country is collapsing, there are no jobs, people are poor. This is a feast at a time of plague.’
Jobless Claims Surge Most In 2 Years As Challenger Warns Of "Significant" Jump In Retail, Computer Layoffs
Submitted by Tyler Durden on 03/31/2016 - 08:38 With both ISM Manufacturing and Services employment indices collapsing, endless headlines of layoffs, Challenger-Grey noting Q1 as the worst since 2009, and NFIB small business hiring weak, it is no surprise that initial jobless claims is finally waking up. For the 3rd week in a row - the longest streak since July 2015. The lasty 3 weeks have seen a 9.1% surge in jobless claims - the biggest such rise since April 2014.
Europe Remains Stuck In Deflation For Second Month
Submitted by Tyler Durden on 03/31/2016 - 07:52 The last time Europe had at least two consecutive months of deflation was in late 2014/early 2015 when the ECB launched its sovereign QE, and when prices staged a modest rebound into the rest of the year. One year later, it's more of the same, and as Eurostat revealed earlier today, after a headline price drop of -0.2% in February, March prices declined once more, this time by -0.1% in line with expectations, driven by a -8.7% plunge in energy prices.
China Sees First Offshore Default By State-Owned Firm In Two Decades
Submitted by Tyler Durden on 03/31/2016 - 07:16 A Hong Kong unit of Guosen Securities is in technical default on a dim sum bond issued in 2014, marking the first offshore default by a Chinese SOE since the collapse of Guangdong International Trust and Investment in 1999. The subsidiary says reports that it has violated a keepweel with its parent are "exaggerated."
S&P Revises China's Credit Outlook To Negative On Growth, Debt Concerns - Full Text
Submitted by Tyler Durden on 03/31/2016 - 06:20 Ripley's believe it or not world continues. Earlier today, Hong Kong's Hang Seng market entered a bull market, rising 20% from its February lows, just as Hong Kong retail sales plunged 20.6%, the bigest drop since 1999 and then moments ago, in a move that pushed the Chinese Yuan stronger at least initially, S&P revised its Chinese outlook to negative, saying the economic rebalancing is likely to proceed more slowly than had expected over next 5 years and warning about China's debt load.
by L.J. Devon, Natural News:
While
the According to statistics from the U.S. Energy Information
Administration, natural gas now powers about 33 percent of the US
electrical grid, but the technique that’s used to extract oil from the
ground today is much different from the drilling methods of the past. To
speed up the process, a high-tech method was invented called
high-volume horizontal hydraulic fracturing. While we still call the end
product “natural gas” there really is nothing natural about hydraulic
fracturing.
Fracking uses high pressure, water, sand and a myriad of chemicals to fracture the rock up to 1,000 feet away from the the well, according to a study titled “Malignant human cell transformation of Marcellus Shale gas drilling flow back water.”
Read More
While
the According to statistics from the U.S. Energy Information
Administration, natural gas now powers about 33 percent of the US
electrical grid, but the technique that’s used to extract oil from the
ground today is much different from the drilling methods of the past. To
speed up the process, a high-tech method was invented called
high-volume horizontal hydraulic fracturing. While we still call the end
product “natural gas” there really is nothing natural about hydraulic
fracturing.Fracking uses high pressure, water, sand and a myriad of chemicals to fracture the rock up to 1,000 feet away from the the well, according to a study titled “Malignant human cell transformation of Marcellus Shale gas drilling flow back water.”
Read More
by Harvey Organ, HarveyOrganblog:
Good evening Ladies and Gentlemen:
Gold: $1,226.90 down $8.90 (comex closing time)
Silver 15.21 down 9 cents
In the access market 5:15 pm
Gold $1224.50
silver: 15.23
Yesterday, I promised you that the bankers would attack today in both gold and silver. My boys did not disappoint me with their antics.
Read More
Good evening Ladies and Gentlemen:Gold: $1,226.90 down $8.90 (comex closing time)
Silver 15.21 down 9 cents
In the access market 5:15 pm
Gold $1224.50
silver: 15.23
Yesterday, I promised you that the bankers would attack today in both gold and silver. My boys did not disappoint me with their antics.
Read More
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