Why Trump Haters Really Hate Trump

Submitted by Tyler Durden on 03/10/2016 - 19:00
The Trump threat isn’t to the Constitution, to America’s standing in the world, or even to Republican Congressional candidates, it is to the establishment. If you think Trump’s supporters are angry about the way the government and the business world colluded, you are right. The establishment fails to appreciate the anger. They’re just furious. Even if Trump fails to win, there will be more in the wings. He is inspiring a change and he doesn’t even understand how profound.

Rigged Democracy – Nearly 10% Of Democratic Party Superdelegates Are Lobbyists

Submitted by Tyler Durden on 03/10/2016 - 22:00 "Super delegates don't "represent people" I'm not elected by anyone. I'll do what I think is right for the country..." Any questions?
 

Life And Times During The Great Depression

Submitted by Tyler Durden on 03/10/2016 - 21:30 “I thought the Depression was going to go on forever. For six or seven years, it didn’t look as though things were getting better. The people in Washington DC said they were, but ask the man on the road? He was hungry and his clothes were ragged and he didn’t have a job. He didn’t think things were picking up.”
 

7 Harsh Realities Of Life Millennials Need To Understand

Submitted by Tyler Durden on 03/10/2016 - 16:35 Millennials. They may not yet be the present, but they’re certainly the future. These young, uninitiated minds will someday soon become our politicians, doctors, scientists, chefs, television producers, fashion designers, manufacturers, and, one would hope, the new proponents of liberty. But are they ready for it? It’s time millennials understood these 7 harsh realities of life so we don’t end up with a generation of gutless adult babies running the show.

The Brazilian 'Earthquake' & The Empire Of Chaos

Submitted by Tyler Durden on 03/10/2016 - 21:00 It's no coincidence that three major BRICS nations are simultaneously under attack - on myriad levels: Russia, China and Brazil. The concerted strategy by the Masters of the Universe who dictate the rules in the Wall Street/Beltway axis is to undermine by all means the BRICS's collective effort to produce a viable alternative to the global economic/financial system, which for the moment is subjected to casino capitalism. It's unlikely Lula, by himself, will be able to stop them.

Goldman Is About To Be Stopped Out Of Its Gold Short

Submitted by Tyler Durden on 03/10/2016 - 20:50 Given China's new focus on a basket of currencies, rather than pegging to the dollar alone, today's record-breaking reversal in EUR has sparked a yuuge 300 pips rally in Offshore Yuan (from 6.5270 to 6.4940) pushing to its strongest level since mid-December. At the same time, Gold is accelerating as China opens, pushing up to $1288 - new 13-month highs. Most critical is we are within $5 of Goldman Sachs "short gold" stop at $1291...

Establishment Demands "Family Friendly" Debate, Trumps Says "Maybe" - Live Feed

Submitted by Tyler Durden on 03/10/2016 - 20:25 Judging by the progression of the previous 11 GOP debates, tonight's slugfest will involve actual measurement of genitalia, a Hulk-Hogan-esque chair-slamming, and excessive use of four-letter words. As "handy" Trump, "little" Marco, "lyin'" Ted, and "quiet" Kasich step up to the podiums (podia?), the chairman of the Republican Party has declared that he wants tonight's Republican presidential debate to be "more of a G-rated" event than recent showdowns. Good luck with that.

Guest Post: A Message To The Voting Cattle

Submitted by Tyler Durden on 03/09/2016 - 19:50 "...your ignorance is not because the truth is not available to you, there’s been radicals preaching it for thousands of years. No, you are ignorant because you shun the truth with all your heart and soul. You close your eyes and run away when a hint of reality lands in front of you. You condemn as extremists and fringe cooks those who try to show you the chains you wear, because you don’t want to be free, you don’t even want to be human."

The Coming Collapse Of Saudi Arabia

Submitted by Tyler Durden on 03/10/2016 - 20:10 Economic warfare doesn’t always go according to plan. It appears the Saudis have overplayed their hand... big time.

The Next Startup Fraud? Jessica Alba's $1.7 Billion "Honest Company"

Submitted by Tyler Durden on 03/10/2016 - 19:42 In less than four years, the Honest Company Inc. surged to a $1.7 billion private valuation thanks to its marketing of cleaning supplies, diapers and other consumer products that it says are safer and more ecologically friendly than other brands. Sadly for its investors (and Jessica Alba) it appears, the "Honest" Company may be the next Theranos.

How Vancouver Is Being Sold To The Chinese: The Illegal Dark Side Behind The Real Estate Bubble

Submitted by Tyler Durden on 03/10/2016 - 19:27 "While the wholesaler claims to represent one buyer, or in some cases to be the buyer, Amanda said three or four contract flippers are often already lined up, with an end-buyer from China who will eventually take title in most cases. These unlicensed broker deals appear to be illegal."

Japanese Government Bond Futures Are Flash-Crashing (Again)

Submitted by Tyler Durden on 03/10/2016 - 19:18 Remember that once-in-a-lifetime, "don't worry there's plenty of liquidity" flash-crash in japanese Government Bond futures on Tuesday night (Wednesday morning Japan time)... well it happened again...

Ben Carson To Endorse Donald Trump On Friday Morning

Submitted by Tyler Durden on 03/10/2016 - 18:50 If there was still any doubt whether the Trump juggernaut can be stopped before, if not so much after the Michigan primary earlier this week, it can be laid to rest now because shortly after Trump received the endorsement of Chris Christie, the real estate mogul has now secured his second highest profile backing, that of Ben Carson who according to the Washington Post will endorse Trump officially on Friday morning.

The Incredible Story Of How Hackers Stole $100 Million From The New York Fed

Submitted by Tyler Durden on 03/10/2016 - 18:06 The story of the theft of $100 million from the Bangladesh central bank - by way of the New York Federal Reserve - is getting more fascinating by the day.

UK Inquiry Finds Gulf "Allies" Sustaining ISIS In The Face Of Oil Price Collapse

Submitted by Tyler Durden on 03/10/2016 - 18:00 “Some might wonder to what extent Gulf Arab financing has continued to subsidise the caliphate. Certainly, IS was able to draw on some other sources of income between January 2015, when Raqqa’s economy had reportedly collapsed, and mid-January 2016, when IS forces have been able to launch a major new Syrian offensive. The money is coming from somewhere.”

The Germans React To Draghi's Monetary "Tidal Wave"

Submitted by Tyler Durden on 03/10/2016 - 17:32 "A determined ECB chief Mario Draghi plows ahead with his negative interest rate policy. The positive effects on the economy are low. Great, however, are the risks: this is the greatest redistribution of wealth in Europe since World War II."

Obama To GOP: Stop Blaming Me For 'Creating' Trump

Submitted by Tyler Durden on 03/10/2016 - 17:05 While admitting he shares some blame for the widening partisan divide during his term in office, President Obama dismissed the notion that he's responsible for the rise of Donald Trump, who has harnessed voter anger during his presidential run, urging GOP elites to do some "introspection" about the how "the politics they've engaged in allows the circus we've been seeing to transpire."

Unless Someone Gets To 1,237 Delegates, The Republican Convention Is Going To Be A Giant Mess

by Michael Snyder, End of the American Dream:

2016 is turning out to be the strangest election season that we have seen in decades, and it may soon get far stranger.  At this point, most people assume that Donald Trump is going to be the Republican nominee, and without a doubt he has had a tremendous amount of success.  But because most of the states so far have apportioned delegates proportionally, Trump only has 44.8 percent of the delegates that have been awarded up to this point.  So Trump is going to have to do significantly better through the rest of the process in order to get to the magic number of 1,237 delegates, especially since not all of the delegates are awarded through the primaries and caucuses.  As Real Clear Politics has detailed, every state “is awarded so-called ‘RNC delegates,’ who are party officials with automatic credentials to the convention“.
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BROKEN BAZOOKAS!

[pictured: Mario Draghi, President of the European Central Bank]
by Bill Holter, JS Mineset, via SGT Report:
“There is a tide in the affairs of men, Which taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in shallows and in miseries. On such a full sea are we now afloat. And we must take the current when it serves, or lose our ventures.” William Shakespeare
First it was the Fed, then it was the Bank of Japan, now the ECB (and maybe even China). Mario Draghi finally let loose this morning with everything left in his monetary “bazooka” and gone as far as the Bundesbank will let him. He also has to face the BIS restrictions in the next three weeks which are far from certain to be in favor of his actions.
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Do Any of the Current Rallies Pass “The Sniff Test”? No.

by Charles Hugh Smith, Of Two Minds:

But you can’t tame the monster of speculative, legalized looting and financialization.
Everything from iron ore to copper to the Baltic Dry Index to stocks to bat guano is rallying. The problem is not a single rally passes “the sniff test:” is the rally the result of changing fundamentals, or is it merely short-covering and/or speculative hot money leaping from one rally to the next?
Every one of these rallies is bogus, a travesty of a mockery of a sham of price discovery, supposedly the core function of markets. What shift in fundamentals drove this rally? Higher profits? No, profits are declining, especially once the phony adjustments are stripped away. Is the global economy strengthening? Don’t make us laugh!
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IT TAKES A VILLAGE TO RAISE A DEBT SLAVE

from The Burning Platform:

Debt represents moral issues that transcend its economic role. The heart of debt is a promise: to pay the agreed upon interest and repay the principle at an agreed upon date in the future. The name of one class of debt—bonds— carries an unmistakable moral connotation: one’s word is one’s bond. Creditors must assess character—the willingness to repay—before they evaluate borrowers’ incomes, assets, and future prospects—the ability to repay. That formulation looks quaintly anachronistic, which tells you all you need to know about contemporary morality. As debt has become the centerpiece of global economics, so too has it become emblematic of global ethics, or more properly, their absence.
In 1913, a perceptive few recognized the political and economic dimensions of the new income tax and central banking legislation; fewer still recognized the philosophical and moral implications.
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