Submitted by Tyler Durden on 03/14/2016 - 14:51 "Eventually, they'll buy all the government bonds; they'll buy all the corporate bonds, all the shares outstanding. Afterwards the housing market goes down, they'll buy all the homes and then the government will own everything... That's the road to socialism."
Peter Pan(demonium) Erupts As BoJ "Disappoints", Signals Early End Of NIRP
Submitted by Tyler Durden on 03/14/2016 - 23:41 USDJPY was in full chaos mode ahead of tonight's BOJ statement. With only 5 of 40 economists expecting further actions by Kuroda (and close Abe advisor Hamada suggesting "I think the BOJ wouldn't take further action right now... probably it will be a wise decision," The BoJ decide to stay put - holding rates flat at -10bps, holding QQE buying flat, and maintaining its ETF buying program at expected levels. The biggest surprise though was a language change suggesting the end of NIRP. After 'mixed' results following its NIRP bomb in January, perhaps it is wise to give the 'economy' time to absorb the craziness as Japan's Peter-Pan-ic continues. The initial reaction was weaker Nikkei and stronger JPY.
Having Killed Their Equity Market, China Unleashes "Tobin Tax" For FX Market
Submitted by Tyler Durden on 03/14/2016 - 22:32 In September last year, Chinese regulators stepped on the throat of a 'fair' market in equity futures trading and for all intent and purpose killed the Chinese equity market. Tonight - after 2 days of Yuan weakness - having warned everyon from Soros to Kyle Bass that "betting against the Yuan can't possibly work," The PBOC just unleashed plans for so-called "Tobin Tax" on FX transactions (which implicitly taxes each transaction, reducing liquidity, raising margins and reducing leverage).
America's Gestapo: The FBI's Reign Of Terror
Submitted by Tyler Durden on 03/14/2016 - 22:20 This is how freedom falls, and tyrants come to power.
Fight For Freedom Or Humbly Accept Submission
Submitted by Tyler Durden on 03/14/2016 - 20:15 It's the nature of all governments to seek to increase their power over those that they are sworn to represent. It should also be understood that they will not give up this power willingly. At some point, they become successful enough in establishing submission that the populace must either toss out the people in the government, toss out the governmental system, or take exit from the system. The alternative to making such a choice, and the one that the great majority of people in any culture, in any era, choose, is to humbly accept submission. Only a very small minority will actually take positive action to attain freedom over tyranny through internationalisation.
Central Banks - The New Nukes?
Submitted by Tyler Durden on 03/14/2016 - 21:55 You know something is strange when "the riskiest" country in the world is the nation whose central bank everyone is relying on to 'save the world' and "the safest" stock market in the world is from a nation whose neighbor is actively test-firing nuclear missiles? It appears activist central banks - following Draghi's "kitchen sink" - have become the new normal's 'nukes'.343,916 Reasons Why The Fed Is Anything But Independent
Submitted by Tyler Durden on 03/14/2016 - 21:30
The Liquidity Endgame Begins: Whiting's Revolver Cut By $1.2 Billion As Banks Start Slashing Credit Lines
Submitted by Tyler Durden on 03/14/2016 - 21:03 Whiting, the largest oil producer in North Dakota's Bakken shale formation, had $2.7 billion left on a loan revolver at the end of 2015. Its CEO Volcker said on Thursday he expects Whiting will have "at least $1.5 billion" left on the loan after the redetermination, implying a cut of $1.2 billion. What is most troubling is that as recently as late February, or just a few weeks ago, the company said it expected a cut of no more than 30%, which would have been roughly $800 million.
Jean-Claude Van Damme On The Rockefellers, The Rothschilds, & Ted Cruz
Submitted by Tyler Durden on 03/14/2016 - 20:40 You know The Deep State has over-stepped its boundaries when none other than "the god of cloud karate" knows there is something wrong. While speaking about US elections and Ted Cruz, on the French TV show Le Grand Journal, Jean-Claude Van Damme hijacked the narrative and explained how the Rothschild and Rockefeller families control the politicians and run the world from behind the scenes.
After price-gouging sick Americans for its pharmaceutical drugs, Pfizer plans to slip under the IRS’s radar and dodge an estimated $35 billion tax bill by merging with a foreign company (a $160 billion buyout).Pfizer is the subsidiary of Monsanto – another company known for pulling circus acts in court and Congress in order to fleece tax payers. Pfizer’s shareholders are expected to vote on a merger with competitor, Allergan, based in Ireland, which would avert the company’s tax bill significantly.
Read More
by Steve Watson, Infowars:
CNN
interviewed the guy who attempted to jump Donald Trump in Dayton, Ohio
last week – giving him a platform to throw insults at the GOP
frontrunner, despite the fact that he admitted he wanted to kill Trump.
Thomas Dimassimo, the guy who jumped the security fence and got close to Trump before being apprehended, had declared on Twitter that he wanted to “be a martyr” and posted an emoji of gun.
Appearing on CNN, Dimassimo, an admitted Bernie Sanders supporter, said he rushed the stage because “Donald Trump is a bully.”
Read More @ Infowars.com
CNN
interviewed the guy who attempted to jump Donald Trump in Dayton, Ohio
last week – giving him a platform to throw insults at the GOP
frontrunner, despite the fact that he admitted he wanted to kill Trump.Thomas Dimassimo, the guy who jumped the security fence and got close to Trump before being apprehended, had declared on Twitter that he wanted to “be a martyr” and posted an emoji of gun.
Appearing on CNN, Dimassimo, an admitted Bernie Sanders supporter, said he rushed the stage because “Donald Trump is a bully.”
Read More @ Infowars.com
from The Conservative Treehouse:
An attempted physical attack on Donald Trump took place earlier today in Dayton Ohio –DETAILS HERE – The attacker was identified asTommy DiMassimo.
A student of Wright University in Dayton Ohio, Tom Dimassimo is a progressive leftist thug who has participated in various protests including flag burning
By his own admissions DiMassimo is self-identified as an activist with Black Lives Matter, and various left-wing social justice groups. In addition he’s a Bernie Sanders supporter.
Read More
An attempted physical attack on Donald Trump took place earlier today in Dayton Ohio –DETAILS HERE – The attacker was identified asTommy DiMassimo.
A student of Wright University in Dayton Ohio, Tom Dimassimo is a progressive leftist thug who has participated in various protests including flag burning
By his own admissions DiMassimo is self-identified as an activist with Black Lives Matter, and various left-wing social justice groups. In addition he’s a Bernie Sanders supporter.
Read More
Sheriff Refuses To Charge Trump With Inciting "Riot-Like" Conditions At Rally
Submitted by Tyler Durden on 03/14/2016 - 20:02 Despite the stern protests of such legal luminaries as Cruz and Rubio, Clinton and Sanders, Romney and MSNBC, that "clearly" trump was guilty of inciting violence at his rallies, moments ago BuzzFeed reported that Sheriff’s officials in North Carolina said that Donald Trump will not face charges for possibly inciting riot-like conditions at a rally where one of his supporters punched a protester.
Al-Qaeda Robs US-Armed Syrian Rebels (Again), Takes TOWs, Ammo, Tank
Submitted by Tyler Durden on 03/14/2016 - 19:50 In the latest embarrassment for US-armed and trained Syrian rebels, Division 13 was overrun in Maarat Numan on Sunday when al-Nusra (who has a history of making a mockery of the US effort in the country) seized TOWs, ammo, and armored vehicles. 40 FSA fighters were kidnapped. Meanwhile, The Pentagon wants to restart the ill-fated trained and quip program.
The Cashless Society - Keynesian "Stability" Vs Trumpian Turmoil
Submitted by Tyler Durden on 03/14/2016 - 19:25 "Keynesianism has always been at war with savings since its principle tenet is that savings are bad, consumption is good. The Keynesian central planning authorities at the Fed and elsewhere would like to see a cashless society because keeping cash can be a form of savings instead of consumption. I think we are headed toward a cashless society unless the public wakes up and begins to protest this... which is why the establishment despises Trump as the figurehead for this awakening...If I were Donald Trump I would also double or triple my personal security detail."
Voting To Destroy The Establishment
Submitted by Tyler Durden on 03/14/2016 - 16:30 Trump’s blunt, angry, provocative, anti-establishment message has struck a chord among millions of disaffected Americans who have been ignored, abused, scorned, and shit on by the elitist establishment, banking cabal, corrupt politicians and government apparatchiks. The Deep State establishment has overstepped their bounds. Their ravenous pillaging of the national wealth through outsourcing millions of American jobs, largest mortgage control fraud in history, and outrageous gall in shifting their losing bets onto the backs of hard working Americans is about to bite them in the ass.
Here's How The Establishment Will Steal The GOP Nomination From Trump
Submitted by Tyler Durden on 03/14/2016 - 14:01 Trump may have proven remarkably adept at whipping certain sectors of the electorate into a veritable frenzy, but he himself will tell you that he’s no politician. In fact, he prides himself on being "outside the political fold," so to speak. He may know quite a few tricks in the boardroom, but he doesn’t know all of the tricks of the political trade, and as Bloomberg outlines, he could still have the nomination “stolen” from him, if the party pulls out all of the stops.
The "Surprising" Answer What Energy Companies Have Spent Their Newly Issued Equity Proceeds On
Submitted by Tyler Durden on 03/14/2016 - 18:58 While the recent Weatherford example was indeed grotesque and extreme in its inherent conflicts of interest, some readers wondered if this was perhaps an isolated case. The answer: a resounding no: as the following table shows, the vast majority of new equity proceeds have been used almost entirely to pay down revolvers and existing debt, and to allow banks to reduce their exposure to these oil and gas companies.
The Chart Every 25-Year-Old Should Ignore
Submitted by Tyler Durden on 03/14/2016 - 18:35 There are two primary reasons Millennials aren’t saving like they should. The first is the lack of money to save, the second is the lack of trust in Wall Street.
JPM Looks At Draghi's "Package," Calls It "Solid," But Underwhelming
Submitted by Tyler Durden on 03/14/2016 - 18:10 "On the negative side, the forward inflation targets were downgraded substantially, ECB didn’t address the issue of capacity constraints, and the shift in focus away from facilitating further currency depreciation will, in our view, end up being a negative for region’s equity market. Overall, we believe the latest package is far from a game changer."
Loretta Lynch And The Government War On Free Speech
Submitted by Tyler Durden on 03/14/2016 - 17:45 A government that believes it can run our lives, run the economy, and run the world will inevitably come to believe it can, and should, have the power to silence its critics. Eliminating the welfare-warfare state is the key to protecting our free speech, and other liberties, from an authoritarian government.
Wedbush Warns "A Trump Victory Will Send Stocks Down 50%"
Submitted by Tyler Durden on 03/14/2016 - 17:21 "If [Trump] sticks to his word and his 3rd grade economics, then we would be in trouble... If Trump becomes President of this country, The S&P will go to 1,000... people are brushing it off but there is absolutely no way that this market and this economy does not get pounded."
Goldman: "The S&P 500 Is Overvalued"
Submitted by Tyler Durden on 03/14/2016 - 17:03 "Operating and adjusted EPS both indicate high S&P 500 valuation. We show the impact of different macro assumptions on our EPS forecast. S&P 500 is highly valued regardless of how investors measure earnings."S&P Clings To Technical Support Despite Oil & Gold Dump
Submitted by Tyler Durden on 03/14/2016 - 16:06
The 19-Year-Old Who Outperformed 99% Of Hedge Funds In 2012 Shares Her "Trading Secrets"
Submitted by Tyler Durden on 03/14/2016 - 15:52 "When I was 16 I was like, I understand a lot about, you know, companies," the "Desperate Housewives" actress told "Good Morning America" co-anchor Amy Robach. "And ... how they IPO on the stock exchange. I had this understanding and know-how. I had the skill of managing money. I have a couple different strategies," she said. "... With other investments, I will definitely pay attention to what's going on in pop culture a lot ... you can often take that information and kind of, arbitrage it before Wall Street knows about it.North Carolina Sheriff's Office Considering Charges Against Trump For Inciting A Riot
Submitted by Tyler Durden on 03/14/2016 - 15:41 If this wasn't already a circus, it certainly is now, with Trump threatening to press charges against protesters for essentially inciting riots at his rallies and a North Carolina Sheriff's Office reportedly looking into filing charges against Trump for doing the exact same thing.
The Narrative 'Fix' Is In - "Bold" Is The New "Buy"
Submitted by Tyler Durden on 03/14/2016 - 15:30 Risk assets are up because "investors reassessed" the ECB announcement. Really? That's what happened? Real world investors stayed up till the wee hours last night and en masse concluded that they had just gotten it completely wrong yesterday? How about this for an alternative explanation: the allocation heads at one or two European mega-insurance firms were informed that they would be supporting risk assets this morning, the Narrative machine got into gear, and real world investors do what they always do, they play the Common Knowledge Game.
This Chart Depicts Brazil's Stagflationary Nightmare
Submitted by Tyler Durden on 03/14/2016 - 15:12 On Sunday, millions of Brazilians took to the streets to call for the ouster of President Dilma Rousseff, who is thought to have cooked the fiscal books in 2014. She’s not yet implicated (directly anyway) in the long-running Carwash probe, but some think that may change soon as the investigation seems to get closer and closer to her officer with each passing week. But it’s not just corruption that Brazilians are fed up with. It's the economy, stupid...Caught On Tape: "Enormous Crowds" Of Unemployed Chinese Miners Take To The Streets, Clash With Riot Police
Submitted by Tyler Durden on 03/14/2016 - 15:54
by Dave Kranzler, Investment Research Dynamics:
Privately compiled and reported economic indicators started rolling over in 2012, which is why the Fed continued to “re-up” its money printing. With most S&P 500 companies having now reported Q4 2015 earnings, there’s been four consecutive of declining net income – both GAAP and “non-GAAP.” If I had told you two years ago that the S&P 500 revenues and earnings would decline but that stock prices would continue higher, you would have asked me if I was smoking crack. – Short Seller’s Journal
A big driver of the economy for the last four years has been the auto and housing markets. While it may not be evident in some areas yet, both sectors of the economy are starting to seize up.
Read More
Privately compiled and reported economic indicators started rolling over in 2012, which is why the Fed continued to “re-up” its money printing. With most S&P 500 companies having now reported Q4 2015 earnings, there’s been four consecutive of declining net income – both GAAP and “non-GAAP.” If I had told you two years ago that the S&P 500 revenues and earnings would decline but that stock prices would continue higher, you would have asked me if I was smoking crack. – Short Seller’s Journal
A big driver of the economy for the last four years has been the auto and housing markets. While it may not be evident in some areas yet, both sectors of the economy are starting to seize up.
Read More
from missingsky101:
from BBC:
Turkey has begun security operations against Kurdish rebels in the country’s south-east and in Iraq.
The moves come as President Recep Tayyip Erdogan vowed a crackdown on terror after Sunday’s attack in Ankara that killed at least 36 people.
A suspected bomber, who also died in the blast, was a female member of the PKK, security sources said.
Four people were held over the bombings in the south-eastern city of Sanliurfa, according to Turkish media.
Read More
Turkey has begun security operations against Kurdish rebels in the country’s south-east and in Iraq.
The moves come as President Recep Tayyip Erdogan vowed a crackdown on terror after Sunday’s attack in Ankara that killed at least 36 people.
A suspected bomber, who also died in the blast, was a female member of the PKK, security sources said.
Four people were held over the bombings in the south-eastern city of Sanliurfa, according to Turkish media.
Read More
by Bill Holter, JS Mineset:
We live in a world where the difference between assets and liabilities
has been blurred. In the old days, an asset was something you “owned”
while a liability was something you “owed”. Over the years as everything
became securitized, someone else’s liability is now routinely someone’s
asset but ONLY thought of as an asset. It has always been this way but
in the past what used to be seen as “someone’s liability” is now ONLY
seen as “someone’s asset”.
In an article peened by Doug Short last week we can see how far this anomaly has gone http://wolfstreet.com/2016/03/11/uncle-sams-largest-asset-student-loans-haunt-us-for-years/. Looking at the asset side of federal government “total financial assets” we can see how crazy this concept has become. THE LARGEST financial asset held by the federal government is “student loans” making up 45% of the pie. I am sure you see the problem with this but I think it needs to be spelled out because it is the core of how far down the rabbit hole we have gone!
Read More
We live in a world where the difference between assets and liabilities
has been blurred. In the old days, an asset was something you “owned”
while a liability was something you “owed”. Over the years as everything
became securitized, someone else’s liability is now routinely someone’s
asset but ONLY thought of as an asset. It has always been this way but
in the past what used to be seen as “someone’s liability” is now ONLY
seen as “someone’s asset”.In an article peened by Doug Short last week we can see how far this anomaly has gone http://wolfstreet.com/2016/03/11/uncle-sams-largest-asset-student-loans-haunt-us-for-years/. Looking at the asset side of federal government “total financial assets” we can see how crazy this concept has become. THE LARGEST financial asset held by the federal government is “student loans” making up 45% of the pie. I am sure you see the problem with this but I think it needs to be spelled out because it is the core of how far down the rabbit hole we have gone!
Read More
by Chris Powell, GATA:
Dear Friend of GATA and Gold:
Bloomberg News tonight published a report, excerpted below, headlined “Ignored for Years, a Radical Economic Theory is Gaining Converts.” It’s called Modern Monetary Theory, but there’s nothing radical about it; to the contrary, it’s a tautology. That is, governments not only create money but can create as much as they want, restrained only by the prospect of currency debasement and the market and political reaction to it. Governments can’t “run out of money” any more than the college basketball tournament basketball games about to begin in the United States can run out of points.
That is why, 70 years ago, the president of the Federal Reserve Bank of New York, Beardsley Ruml, noted in a magazine article that in a fiat money system like the one to which the United States was transitioning, a system getting away from any convertibility to gold, taxes were no longer needed to raise revenue for the national government:
Read More
Dear Friend of GATA and Gold:
Bloomberg News tonight published a report, excerpted below, headlined “Ignored for Years, a Radical Economic Theory is Gaining Converts.” It’s called Modern Monetary Theory, but there’s nothing radical about it; to the contrary, it’s a tautology. That is, governments not only create money but can create as much as they want, restrained only by the prospect of currency debasement and the market and political reaction to it. Governments can’t “run out of money” any more than the college basketball tournament basketball games about to begin in the United States can run out of points.
That is why, 70 years ago, the president of the Federal Reserve Bank of New York, Beardsley Ruml, noted in a magazine article that in a fiat money system like the one to which the United States was transitioning, a system getting away from any convertibility to gold, taxes were no longer needed to raise revenue for the national government:
Read More
by Andy Hoffman, Miles Franklin:
As usual, a massive, PPT-orchestrated “rally” – based on not a shred of good news – has caused the mainstream media to completely shut down; let alone, on a weekend. Unfortunately, “Economic Mother Nature” is proving too powerful for their best manipulative efforts – as even the most jaded, system-compliant “technical analyst” can’t dispute the painful fact that the “Dow Jones Propaganda Average’s” chart is as ugly, and “toppy,” as can be imagined. I mean, just how similar to the August through November, PPT-orchestreated “stock save” has the past month’s 1,700 point rally been? And how ugly has the global economy gotten over that time – punctuated by China’s 25% year-over-year decline in February exports?
Read More
As usual, a massive, PPT-orchestrated “rally” – based on not a shred of good news – has caused the mainstream media to completely shut down; let alone, on a weekend. Unfortunately, “Economic Mother Nature” is proving too powerful for their best manipulative efforts – as even the most jaded, system-compliant “technical analyst” can’t dispute the painful fact that the “Dow Jones Propaganda Average’s” chart is as ugly, and “toppy,” as can be imagined. I mean, just how similar to the August through November, PPT-orchestreated “stock save” has the past month’s 1,700 point rally been? And how ugly has the global economy gotten over that time – punctuated by China’s 25% year-over-year decline in February exports?
Read More
by Clive Maund, GoldSeek:
PM Sector longs have had a laugh at our expense over the past couple of weeks as gold has continued to edge higher after we called it down, but it is looking more and more like they will end up like those 4 fools in the classic Clint Eastwood Spaghetti Western, A Fistful of Dollars. Clint rides into a tiny flyblown town and the 4 fools shoot around his mule’s feet. After advising the undertaker to Get 3 coffins ready, having made a slight underestimation, Clint returns and challenges the 4 fools by saying “When you apologize to my mule like I know you’re going to”. Needless to say they do not respond in the required manner to this demand and so Clint quickly dispatches them to the great satisfaction of the undertaker.
While the PM sector bulls have been working themselves up into a lather the Commercials have been piling up the shorts to a huge level, and since these guys are never seriously wrong, it means trouble, big trouble.
Read More
PM Sector longs have had a laugh at our expense over the past couple of weeks as gold has continued to edge higher after we called it down, but it is looking more and more like they will end up like those 4 fools in the classic Clint Eastwood Spaghetti Western, A Fistful of Dollars. Clint rides into a tiny flyblown town and the 4 fools shoot around his mule’s feet. After advising the undertaker to Get 3 coffins ready, having made a slight underestimation, Clint returns and challenges the 4 fools by saying “When you apologize to my mule like I know you’re going to”. Needless to say they do not respond in the required manner to this demand and so Clint quickly dispatches them to the great satisfaction of the undertaker.
While the PM sector bulls have been working themselves up into a lather the Commercials have been piling up the shorts to a huge level, and since these guys are never seriously wrong, it means trouble, big trouble.
Read More
by S. D. Wells, Natural News:
Between
1946 and 1953, the Massachusetts Institute of Technology (MIT)
conducted a horrifying experiment in which schoolboys were fed radioactive oatmeal, simply to support marketing claims made by the Quaker Oats company!
The study was performed on more than 100 boys, many of whom were wards of the state and had been falsely declared “mentally retarded,” according to The New York Times. The boys were recruited to join the “Fernald Science Club.” They – and their parents, for boys who had parental guardians – were told that they were taking part in a study “in connection with the [MIT] nutrition department” aimed at “helping to improve the nutrition of our children.”
Read More
Between
1946 and 1953, the Massachusetts Institute of Technology (MIT)
conducted a horrifying experiment in which schoolboys were fed radioactive oatmeal, simply to support marketing claims made by the Quaker Oats company!The study was performed on more than 100 boys, many of whom were wards of the state and had been falsely declared “mentally retarded,” according to The New York Times. The boys were recruited to join the “Fernald Science Club.” They – and their parents, for boys who had parental guardians – were told that they were taking part in a study “in connection with the [MIT] nutrition department” aimed at “helping to improve the nutrition of our children.”
Read More
by Joshua Krause, SHTFPlan:
Just minutes after we published an article in which Karl Denninger argues that silencing trump as was done in Chicago will leave only one option for Americans who believe the Constitution has been attacked and supplanted, new video footage from a Saturday morning rally in Ohio shows that “protesters” are becoming more brazen, now coming for the candidate himself.
As the video footage below shows, Trump was attacked by someone near the stage. Within seconds the Secret Service moved in.
Read More
Just minutes after we published an article in which Karl Denninger argues that silencing trump as was done in Chicago will leave only one option for Americans who believe the Constitution has been attacked and supplanted, new video footage from a Saturday morning rally in Ohio shows that “protesters” are becoming more brazen, now coming for the candidate himself.
As the video footage below shows, Trump was attacked by someone near the stage. Within seconds the Secret Service moved in.
Read More
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