by Egon von Greyerz, Gold Switzerland:
The global economy turned down in earnest already in 2006 but with a
massive worldwide printing and lending programme, the world has had a
temporary stay of execution. But the effect of this fabricated money has
now come to an end. And what else would you expect. To print money that
has no value or to lend money that doesn’t exist can never create
wealth or save anybody. The downturn will soon start to accelerate and
eventually lead to a total failure of the financial system and sovereign
defaults. But no one must believe that there will be a sudden implosion
or a “reset” that solves or changes everything. Instead, what we will
experience is a process with things deteriorating at a fast pace but
without one single event that overnight changes everything.
Read More
The global economy turned down in earnest already in 2006 but with a
massive worldwide printing and lending programme, the world has had a
temporary stay of execution. But the effect of this fabricated money has
now come to an end. And what else would you expect. To print money that
has no value or to lend money that doesn’t exist can never create
wealth or save anybody. The downturn will soon start to accelerate and
eventually lead to a total failure of the financial system and sovereign
defaults. But no one must believe that there will be a sudden implosion
or a “reset” that solves or changes everything. Instead, what we will
experience is a process with things deteriorating at a fast pace but
without one single event that overnight changes everything.Read More
The Canary In Canada's Real Estate Mine Just Died: Toronto's Urbancorp Files For Bankruptcy
Submitted by Tyler Durden on 04/23/2016 - 12:47 With the Urbancorp bankruptcy filing, and the first official canary death in Canada's real estate "coal mine", we anticipate that the near future for Canada's real estate sector will be a far more volatile one. Excluding Vancouver of course: that particular Chinese money laundering hub will continue humming until the locals finally decide they have had enough of having their city sold to criminal Chinese oligarchs.Towards A 'Google World Order'?
Submitted by Tyler Durden on 04/23/2016 - 13:05 "It's a relationship that bears watching." Government watchdogs and outside experts have long warned that Google had unprecedented and unfiltered access to the Obama White House, which has been a major beneficiary of Google’s massive campaign coffers. Now, for the first time, two key parts of that entangled relationship, the extensive White House visits and revolving door between Google and the Obama administration, have been documented...
FBI May "Leak" Clinton Email Probe If DOJ Blocking Continues
Submitted by Tyler Durden on 04/23/2016 - 08:58 The feud between the FBI and the Department of Justice over whether or not to proceed with charges against Hillary Clinton in the ongoing email investigation just took an unexpected turn: "an anonymous and unauthorized release of FBI investigative materials could result if officials at the agency believed prosecution of Clinton was stymied for political reasons,"said Chuck Grassley.“We’ll know our disinformation program is complete when everything the American people believe is false.”
William Casey, CIA Director, 1981
"A Scramble For Gold Has Begun"
Submitted by Tyler Durden on 04/22/2016 - 20:04 For a century, elites have worked to eliminate monetary gold, both physically and ideologically, and yet, like Banquo’s ghost, gold insists on its seat at the monetary table. After decades as net sellers of gold, central banks became net buyers in 2010. A scramble for gold has begun... When it comes to monetary elites, watch what they do, not what they say.
"It's A Trojan Horse" - Thousands Of Germans Protest TTIP Trade Deal One Day Before Obama Visit
Submitted by Tyler Durden on 04/23/2016 - 12:18 One day before Obama visits Angela Merke in Germany to pitch the TTIP trade agreement, thousands of German protesters have once again come out on the streets of Hannover to say 'No' to the controversial TTIP US-EU trade deal. Many in Germany fear it will reduce consumer protection and undermine workers’ protection. In an interview with Bild, Obama said that "the Transatlantic Trade and Investment Partnership is one of the best ways to promote growth and create jobs." Ironically, this comes just as support for the TTIP is tumbling on both sides of the Atlantic.
by Mac Slavo, Freedom Outpost:
America’s proud moniker of ‘Leader of the Free World’ is slipping fast
into the recesses of increasingly authoritarian and secretive
government.
The World Press Freedom Index, issued by the Watchdog group Reporters Without Borders, ranked the United States at a dismal No. 41 out of 180 countries – putting it just barely in the top quarter of nations, which itself was actually an ‘improvement’ over the past year.
That is a far cry from the perceptions that most Americans have cherished, and politicians have so frequently touted in televised speeches.
The U.S. has lost a lot of ground in such rankings over the course of the past several years of repression in the post-9/11 world and in particular with the clamp down and persecution of whistleblowers, and the journalists who enable them.
Read More
America’s proud moniker of ‘Leader of the Free World’ is slipping fast
into the recesses of increasingly authoritarian and secretive
government.The World Press Freedom Index, issued by the Watchdog group Reporters Without Borders, ranked the United States at a dismal No. 41 out of 180 countries – putting it just barely in the top quarter of nations, which itself was actually an ‘improvement’ over the past year.
That is a far cry from the perceptions that most Americans have cherished, and politicians have so frequently touted in televised speeches.
The U.S. has lost a lot of ground in such rankings over the course of the past several years of repression in the post-9/11 world and in particular with the clamp down and persecution of whistleblowers, and the journalists who enable them.
Read More
US Suicide Rate Soars In 21st Century - Up 80% For Middle-Aged White Women
Submitted by Tyler Durden on 04/23/2016 - 12:05 Sadly, it is undeniable that this reality has become more and more prevalent in America as the 21st century has unfolded, and we don’t think it’s a coincidence that we’ve seen this flare up during a decade and a half characterized by a pummeling of the middle class, a decimation of civil liberties, and the entrenchment of a callous and corrupt political and economic oligarchy.Meanwhile In China, More Bubble Insanity
Submitted by Tyler Durden on 04/23/2016 - 11:33
From One Extreme To Another: Record Oil Shorts Are Now Record Oil Longs
Submitted by Tyler Durden on 04/23/2016 - 10:54 Less than three months following our warning about a "constant oil short squeeze", it is time to unveil the next warning: one of a potentially big drop in the oil price as now record speculative oil longs proceed to cover on the other side, unleashing a selling scramble lower.
Another Chicago Record: 1,000 Gunshot Victims In Shortest Time In Decades
Submitted by Tyler Durden on 04/23/2016 - 10:06 A 16-year old boy who was shot in the knee marked the 1,000th gunshot victim in Chicago this year, as the city returns to a level of shootings not seen since the 1990's. This past Wednesday, Chicago reached 1,000 victims months earlier than the previous four years. The number of shooting victims year-to-date is up 66.7% from 2015, and 107% from 2014.
Valued At $16 It Sold For $68 Million "In 7200 Seconds" - The Inside Story Of Vancouver's Wildest Property Deal
Submitted by Tyler Durden on 04/22/2016 - 23:15 "The property is worth, what, C$20 million, and somebody pays C$60million? One wonders what’s going on. Is this New York? Is this Hong Kong?"
Weather Channel Founder Slams Global Warming: "The Theory Has Failed"
Submitted by Tyler Durden on 04/22/2016 - 22:30 "As a skeptic of man-made global warming, I love our environment as much as anyone. I share the deepest commitment to protecting our planet for our children and grandchildren. However, I desperately want to get politics out of the climate debate. The Paris climate agreement is all about empowering the U.N. and has nothing to do with the climate."
Patrick Buchanan: Dishonoring General Jackson
Submitted by Tyler Durden on 04/22/2016 - 22:00 To remove Andrew Jackson's portrait from the front of the $20 bill, and replace it with Tubman’s, is affirmative action that approaches the absurd.
Why US Government And Saudi Arabia Don't Want Americans Knowing The Truth About 9/11
Submitted by Tyler Durden on 04/22/2016 - 20:50 In a rare show of bipartisanship, President Obama and top Republicans in Congress have come together to shield Americans from knowing the truth about who was behind the 9/11 terror attacks, which took the lives of 2996 people in 2001. However strange it is for neoconservative members of Congress to agree with Obama on anything, there is no doubt the issue must be serious if it warrants this level of partnership.
Gundlach Predicts "Trump Will Win", Says "The Federal Reserve Has Basically Given Up"
Submitted by Tyler Durden on 04/22/2016 - 20:42 "The US stock market seems egregiously overvalued versus other stock markets... you are going to see declines in the US stock market and since the correlations are so high this means that probably the junk bond market will go back down, too. Negative interest rates are the dumbest idea ever. It’s horrible.... Gold is doing fine. It’s preserving capital in the US, it’s been making money over the last couple of years for European investors. That’s why I own gold.... Trump is going to win. I think Clinton and Sanders are both very poor candidates."
Albert Edwards Finally Blows Up: "I'm Not Really Sure How Much More Of This I Can Take"
Submitted by Tyler Durden on 04/22/2016 - 20:17 "I'm not really sure how much more of this I can take. So here we are 5, 6 or is it now 7 years into this economic recovery and it still remains pathetically weak. And so it should in the wake of one of the biggest private sector credit bubbles in history. The de-leveraging hangover was always going to be massive and so it is. Quick-fix monetary QE nonsense has made virtually no difference to the economic recoveries other than to inflate asset prices, make the rich richer, inequality worse and make Joe and Joanna Sixpack want to scream in rage."This Is How FEMA Trains Texas Police To Deal With Riots, Conduct Mass Arrests
Submitted by Tyler Durden on 04/22/2016 - 20:02
by Nick Hodge, Outsider Club:
We all dream about our retirement — fishing, golfing, time with the kids and grandkids…
But the cold, unforgiving truth is that roughly half of all households with Americans 55 and up have no retirement savings at all. Nothing. Zip. Nada. Not a dime.
Furthermore, those who have saved haven’t saved enough. They’ve invested in IRAs and 401(k)s, and together with Social Security, they expect that to be enough.
Well, it’s not. And sadly, most retirees only find this out when it’s too late.
Read More
We all dream about our retirement — fishing, golfing, time with the kids and grandkids…
But the cold, unforgiving truth is that roughly half of all households with Americans 55 and up have no retirement savings at all. Nothing. Zip. Nada. Not a dime.
Furthermore, those who have saved haven’t saved enough. They’ve invested in IRAs and 401(k)s, and together with Social Security, they expect that to be enough.
Well, it’s not. And sadly, most retirees only find this out when it’s too late.
Read More
from Wolf Street:
NIRP Absurdity Soars to New Heights.
The most indebted government of the world is at it again, and this time even more vigorously.
Japan’s national debt is between 230% and 250% of GDP, depending on who does the counting, compared to debtor-nation USA, at 105%. It has one of the worst credit ratings of any major developed economy; Standard & Poor’s rates it A+, four notches below the top.
The Bank of Japan has been printing about ¥80 trillion ($716 billion) a year for three years – QQE, it calls this – on top of the money it printed in prior years, and uses the proceeds to buy Japanese Government Bonds and other securities.
Read More
NIRP Absurdity Soars to New Heights.
The most indebted government of the world is at it again, and this time even more vigorously.
Japan’s national debt is between 230% and 250% of GDP, depending on who does the counting, compared to debtor-nation USA, at 105%. It has one of the worst credit ratings of any major developed economy; Standard & Poor’s rates it A+, four notches below the top.
The Bank of Japan has been printing about ¥80 trillion ($716 billion) a year for three years – QQE, it calls this – on top of the money it printed in prior years, and uses the proceeds to buy Japanese Government Bonds and other securities.
Read More
from Zen Gardner:
How often do scientists smugly quote the latest research on a topic only later to be made the fool by insider revelations that published research in peer-reviewed journals is abjectly false? This happens so frequently now, that it has become clear: Science is broken, and most scientific research is fraudulent.
It isn’t broken like a bike needing a new tire, or even an outdated paradigm that has reached its tipping point, as in the time of the renaissance. Modern science is broken for reasons that might shock you.
Read More…
How often do scientists smugly quote the latest research on a topic only later to be made the fool by insider revelations that published research in peer-reviewed journals is abjectly false? This happens so frequently now, that it has become clear: Science is broken, and most scientific research is fraudulent.
It isn’t broken like a bike needing a new tire, or even an outdated paradigm that has reached its tipping point, as in the time of the renaissance. Modern science is broken for reasons that might shock you.
Read More…
by Eric Margolis, Lew Rockwell:
Poor President Barack Obama flew to Saudi Arabia this past week but its
ruler, King Salman, was too busy to greet him at Riyadh’s airport.
This snub was seen across the Arab world as a huge insult and violation of traditional desert hospitality. Obama should have refused to deplane and flown home.
Alas, he did not. Obama went to kow-tow to the new Saudi monarch and his hot-headed son, Crown Prince Muhammed bin Nayef. They are furious that Obama has refused to attack Iran, Hezbollah in Lebanon, and Syria’s Assad regime.
They are also angry as hornets that the US may allow relatives of 9/11 victims to sue the Saudi royal family, which is widely suspected of being involved in the attack.
Read More
Poor President Barack Obama flew to Saudi Arabia this past week but its
ruler, King Salman, was too busy to greet him at Riyadh’s airport.This snub was seen across the Arab world as a huge insult and violation of traditional desert hospitality. Obama should have refused to deplane and flown home.
Alas, he did not. Obama went to kow-tow to the new Saudi monarch and his hot-headed son, Crown Prince Muhammed bin Nayef. They are furious that Obama has refused to attack Iran, Hezbollah in Lebanon, and Syria’s Assad regime.
They are also angry as hornets that the US may allow relatives of 9/11 victims to sue the Saudi royal family, which is widely suspected of being involved in the attack.
Read More
by Jeff Berwick, Market Oracle:
In a letter to the American tax slaves, US Treasury Secretary Jacob Lew
“the Loon” has presented his plan to replace some of the images on the
dwindling $20, $10 and $5 Federal Reserve Notes. Slave emancipator,
Harriet Tubman, will replace Andrew Jackson on the $20, leaders of the
suffrage movement will go on the $10 and images of the Lincoln Memorial
will go on the $5.
You’d think with the US government being $19 trillion in debt they’d have bigger priorities than artwork.
The US can’t pay what it owes any more than its indebted citizens can. Something like 50 million are on food stamps and most of the rest don’t have a dollar in the bank to tide them over once things get worse. And they will. Just wait until the dollar crashes for good.
Read More
In a letter to the American tax slaves, US Treasury Secretary Jacob Lew
“the Loon” has presented his plan to replace some of the images on the
dwindling $20, $10 and $5 Federal Reserve Notes. Slave emancipator,
Harriet Tubman, will replace Andrew Jackson on the $20, leaders of the
suffrage movement will go on the $10 and images of the Lincoln Memorial
will go on the $5.You’d think with the US government being $19 trillion in debt they’d have bigger priorities than artwork.
The US can’t pay what it owes any more than its indebted citizens can. Something like 50 million are on food stamps and most of the rest don’t have a dollar in the bank to tide them over once things get worse. And they will. Just wait until the dollar crashes for good.
Read More
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