Deutsche Bank Confirms Silver Market Manipulation In Legal Settlement, Agrees To Expose Other Banks

Submitted by Tyler Durden on 04/14/2016 - 08:20
In a stunning victory for "conspiracy theorists" within the precious metals space, overnight Deutsche Bank not only agreed to settle a lawsuit accusing it of manipulating the silver fix, but also agreed to help the plaintiffs pursue similar claims against other banks as part of the settlement by providing instant messages and other communications. And so the former cartel members are turning on each other.

What in the World’s Going on with Banks this Week? Emergency Meetings, Summits, Crashing EU Banks…

from Wolf Street:
Just about every major banker and finance minister in the world is meeting in Washington, D.C., this week, following two rushed, secretive meetings of the Federal Reserve and another instantaneous and rare meeting between the Fed Chair and the president of the United States. These and other emergency bank meetings around the world cause one to wonder what is going down. Let’s start with a bullet list of the week’s big-bank events:
The Federal Reserve Board of Governors just held an “expedited special meeting” on Monday in closed-door session.
The White House made an immediate announcement that the president was going to meet with Fed Chair Janet Yellen right after Monday’s special meeting and that Vice President Biden would be joining them.
Read More

“They’re Trying To Bring Everyone Into The Banking System So They Can Establish A One-World Central Bank And Taxation System!”

by Gordon T. Long, GoldSeek:

FIAT CURRENCIES AND BITCOIN
There’s going to be a lot of chaos this year, beginning in January with the worst first month of the world stock market in history. A lot of financial leads have been warning about it, even saying this is a debt jubilee and will end up in utter collapse if people aren’t careful.
“I think by 2018 they’ll be bringing in a one world currency… All Fiat currencies, including the US Dollar, are going to collapse sometime between 2015-2020.”
The market came up with a solution. Launched in 2009, Bitcoin is a free market currency, and one of the ways that we can avoid this total collapse.
Read More


Next two stories are how to buy votes for the "Free Shit Army"

Clinton Promises to Give Illegal Immigrants More Tax Money

from Infowars:
Hillary Clinton on Wednesday promised to create a national office that will offer “services” to immigrants and refugees. She made the announcement to organize an Office of Immigrant Affairs while receiving an endorsement from immigrant rights group the New York State Immigrant Action fund.

“I will provide 15 million dollars in grants to fund efforts like community navigators who help guide immigrants through this system,” Clinton said.

“Clinton will work to implement the [Obama administration] task force’s recommendations [to “integrate” illegals], and create the first-ever federal Office of Immigrant Affairs to make sure that there is a dedicated place in the White House where integration services are studied and coordinated across the government,” according to a Clinton aide.

Read More

 

THE IRS HAS BEEN ENCOURAGING ILLEGALS TO STEAL SOCIAL SECURITY NUMBERS

by Joshua Krause, The Daily Sheeple:
At a recent Senate Finance Committee hearing, the head of the IRS made a startling admission (or at least, startling to anyone who isn’t aware of how criminal our government is). IRS Commissioner John Koskinin revealed that his department is turning a blind eye to illegal aliens who steal social security numbers, or worse, the IRS has been encouraging this behavior. According to Senator Coats:

“What we learned is that … the IRS continues to process tax returns with false W-2 information and issue refunds as if they were routine tax returns, and say that’s not really our job,” Coats said. “We also learned the IRS ignores notifications from the Social Security Administration that a name does not match a Social Security number, and you use your own system to determine whether a number is valid.”

Read More

More Energy Defaults: Energy XXI Files Chapter 11; Gulf Keystone Delays Bond Payment

Submitted by Tyler Durden on 04/14/2016 - 09:17 Following yesterday's historic bankruptcy of the world's largest coal miner Peabody Energy, the defaults continue hot and heavy overnight when first Energy XXI, which had already warned it would unlikely make its bond payments, filed for a prepack Chapter 11, and then Gulf Keystone announced it would delay a bond payment.

Thursday Humor - Initial Jobless Claims "Unexpectedly" Plunge To 43-Year Lows

Submitted by Tyler Durden on 04/14/2016 - 08:58 Having risen along with weakness in broad market surveys (ISM, PMI, NFIB) throughout January, initial jobless claims have plunged twice since (despite the same surveys getting worse) breaking down to 253k in the last week - the lowest since 1973!

SunEdison Investigates Self - Finds No Wrongdoing (Kinda); Defaults On Convertible Bond, Stock Soars 75%

Submitted by Tyler Durden on 04/14/2016 - 08:47 'Nothing to see here, move along' is the message from embattled once-hedge-fund-darling SunEdison following its Valeant-esque self-investigation. Despite finding 'wrongdoing'   by a former employee in talks over a failed acquisition and that its own executives fostered an "overly optimistic culture," SUNE officials found no misstatements in financial statements. The stocks is 75% higher in the pre-market on this 'good' news (remember BTU?). However, despite the kinda sorta wrongdoing, Bloomberg reports the renewable-energy company already teetering on the brink of bankruptcy, missed a bond payment this month.

Major Earthquake Hits Japan, Strongest Since 2011

Submitted by Tyler Durden on 04/14/2016 - 08:45 Just over 5 years since the massively destructive 2011 Japanese earthquake which unleashed a tsunami and led to the Fukushima disaster, moments ago NHK reported that Japan's Kumamoto region had been hit with another quake which had a Shindo shaking intensity of 7 and registered a magnitude of apprxoimately 6.4.

Core CPI Hovers Near 8 Year Highs As Shelter/Rent Pops, Autos Drop

Submitted by Tyler Durden on 04/14/2016 - 08:40 Having surged to its highest since 2008 in February, Core CPI's YoY gain inched back from 2.3% to 2.2% YoY in March hovering at post-crisis highs. The food index declined in March, as did the cost of 'shelter' and medical care, but used cars and truck prices declined, as we noted previously.

Oil Spikes Back To $42 After IEA Comments

Submitted by Tyler Durden on 04/14/2016 - 08:17 Forget Doha, says the International Energy Agency (IEA), bet it all on US production crashing.

Here's The First "Panama Papers" Fallout In The Resources Sector

Submitted by Tyler Durden on 04/14/2016 - 08:06 Readers the world over are still busy crawling through information from the “Panama Papers” leak - which has revealed how high-profile persons around the globe used corporate havens to dodge taxes. And in Zimbabwe, they’re turning their attention to one particular name leaked in the documents: the country’s largest platinum miner.

BofA Profit Misses, Tumbles 13% On Trading Revenue Slide, Build In Energy Reserves

Submitted by Tyler Durden on 04/14/2016 - 07:30 Expectations of a "less terrible" first quarter for banks may have been premature following yesterday's stronger than expected JPM earnings report. First it was both PNC and Blackrock missing on the top and bottom line, but the highlight of the day was Bank of America which moments ago reported $0.20 in EPS, missing expectations of a $0.21 print, while revenue ex-DVA dropped by $1.4 billion to $19.7 billion, also missing expectations of a $20bn print. BofA reported Net Income of $2.68 billion, down from $3.1 billion one year ago.

Day After Obama Meeting, Yellen Confirms Fed "Focused On Main Street... Helping All Americans"

Submitted by Tyler Durden on 04/14/2016 - 07:30 In an oddly-timed-release, just a day after her 'unusual' meeting with President Obama (and sandwiched between two "emergency Fed meetings"), Janet Yellen's seemingly legacy-protecting narrative-confirming interview with TIME magazine proclaiming once again that "we are focused on Main Street, on supporting economic conditions - plentiful jobs and stable prices - that help all Americans." So now you know - it's all for you America - the bank bailouts, the deflationary-glut-creating ZIRP, the money-printing, and the "confusing and confounding" messaging. Now stop your complaining and Vote Hillary!

U.S. Futures Flat After Oil Erases Overnight Losses; Dollar In The Driver's Seat

Submitted by Tyler Durden on 04/14/2016 - 06:49 In another quiet overnight session, the biggest - and unexpected - macro news was the surprise monetary easing by Singapore which as previously reported moved to a 2008 crisis policy response when it adopted a "zero currency appreciation" stance as a result of its trade-based economy grinding to a halt. As Richard Breslow accurately put it, "If you need yet another stark example of the fantasy storytelling we amuse ourselves with, juxtapose today’s Monetary Authority of Singapore policy statement with the storyline that the Asian stock market rally intensified on renewed optimism over the global economy. Singapore is a proxy for trade and economic growth ground to a halt last quarter." The Singapore announcement led to a sharp round of regional currency weakness just as the dollar appears to have bottomed and is rapidly rising.

The Fed Just Held An Emergency Meeting To Discuss Capital Markets

Submitted by Tyler Durden on 04/13/2016 - 23:49

President Killary

Would the world survive President Hillary?

HALF of all published ‘scientific’ literature is completely fabricated or false

by Daniel Barker, Natural News:
For years, alternative news sources such as Natural News have been warning the public about industry-generated scientific research which incorporates falsified data to produce desired results.
These charges have now been corroborated by Dr. Richard Horton, editor-in-chief of the world’s best known medical journal, The Lancet. Dr. Horton has publicly stated that as much as half of the scientific literature being published is unreliable and often completely false.
From a commentary by Dr. Horton published in The Lancet:
Read More

2016: The Year the Americans Found out Our Elections Are Rigged

“Now it’s just an oligarchy, with unlimited political bribery being the essence of getting the nominations for president or to elect the president. And the same thing applies to governors, and U.S. senators and congress members.” – Former President Jimmy Carter
by Nick Bernabe, The Anti-Media:
The 2016 election has been a wild ride, with two insurgent grassroots campaigns literally giving the political establishment a run for its money. But as the events of this presidential primary season play out, it’s becoming clear the U.S. election — and even more so, the presidential race — is a big scam being perpetrated on the American people.
Events from the last week have exposed the system as an illusion of choice and a farce. They have reinforced at least one study showing the U.S. is an oligarchy rather than a democratic republic.
The Wyoming democratic caucus took place on Saturday, purportedly to allow voters to have their voices heard in the race between Bernie Sanders and Hillary Clinton. Sanders lost the Wyoming caucus by winning it with a 12 percent margin.
Read More

Central Banks Start Hoarding Gold to Prepare for Financial Apocalypse

from Hang The Bankers:
Gold has been on an impressive bullish run since the markets opened for trading this year. The uptrend in gold can be traced to the fear-induced buying frenzy arising from weakness in the global economic landscape.
The fact that equities have been operating in a choppy market in the year-to-date has also provided bullish tailwinds for gold. As you can see in the chart below, gold has been on a predominantly northbound ascent since the markets opened for trading this year.
Despite the uptrend in gold prices and the fact that gold investors have banked about 17% gains, some bears are still skeptical about the bullish outlook of gold. If you are one of the bears that are skeptical about the bright prospects of gold, it might interest you to know central banks all over the world know that the world is sitting on an economic keg of gunpowder.
Read More

/