"It's Pure Chaos Now; There Is No Way Back" - Venezuela Hits Rock Bottom As Its Morgues Overflow

Submitted by Tyler Durden on 04/10/2016 - 17:37
"Now things are worse than ever," says Yuli Sánchez. "They kill people and no one is punished while families have to keep their pain to themselves."... "This is now wilder than the wild west."...  “Venezuela is pure chaos now. It seems to me there is no way back,” the former policeman says.

The Arrogance And Abuse Of Power - The Progressive Push Toward "Soft" Tyranny

Submitted by Tyler Durden on 04/10/2016 - 10:50 Through all the progressive's rhetoric about "democracy" and "equality" and "social justice" and "diversity," theirs is a political philosophy and public policy ideology of elitism, hubris, and authoritarianism dominated by the idea and ideal of remaking human beings, human relationships and the structure and order of society into redesigned patterns and shapes that reflect their notion of how people should live, work, associate and earn a living. That is why the modern liberal or progressive represents the face of a contemporary political, economic and cultural "soft" tyranny.

Did The Canary Of New York's Luxury Housing Market Just Die: Real Estate Developer Files For Bankruptcy

Submitted by Tyler Durden on 04/10/2016 - 15:28 The Bauhouse Group has filed bankruptcy for BH Sutton Mezz LLC, their entity that was to build out a 78 floor luxury condominium tower at Sutton Place, located on Manhattan’s Upper East Side. The bankruptcy comes on the heels of foreclosure efforts by Gamma Real Estate, who alleges that Bauhouse has defaulted on a loan of roughly $147 million.

Japan Needs A Stronger Dollar, China Wants A Weaker Dollar: The Fed Can't Please Both

Submitted by Tyler Durden on 04/10/2016 - 16:10 The FX market is about to blow up in the Fed's face, and there's nothing they can do about it. What central banks fear most are markets that are not tightly controlled by central banks. The world's central banks are about to sit down to a banquet of consequences arising from seven long years of relentless manipulation.

"Where Else Can I Put My Money?" - China Starts Arresting People As Crisis It Created Comes Full Circle

Submitted by Tyler Durden on 04/10/2016 - 09:21 Just like their foray into stocks, Chinese investors are finding out that it isn't easy to make money in short-term lending either. Defaults are on the rise and China's subprime lending bubble has burst.  And just like it responded to "malicious short sellers" when stocks went down, China is now arresting those involved in the shadow banking world.

Austria Just Announced A 54% Haircut Of Senior Creditors In First "Bail In" Under New European Rules

Submitted by Tyler Durden on 04/10/2016 - 13:58 Following a decision by the Austrian Banking Regulator, the Finanzmarktaufsicht or Financial Market Authority, Austria officially became the first European country to use a new law under the framework imposed by Bank the European Recovery and Resolution Directive to share losses of a failed bank with senior creditors as it slashed the value of debt owed by Heta Asset Resolution AG.

"I Used To Be A Big Deal... And Then A Billion Dollars Walked Out The Door" - Hugh Hendry's Sad Story

Submitted by Tyler Durden on 04/10/2016 - 13:19 "A funny thing happened at the end of 2013 I wrote a letter to my new clients and I began with the preface "what if I was to tell you that I'd become bullish on equities; is that something you'd be interested in." The resounding message no. A billion dollars walked out the door.... "What, really, you're bullish?" - Hugh Hendry

Hazlitt, 1946: Inflation, Deflation, Confusion

Submitted by Tyler Durden on 04/10/2016 - 14:55 One thing we could not have simultaneously is both “inflation” and “deflation,” for we could not have simultaneously both an expansion and contraction of the money supply. But we could have a frustrated inflation. We could have simultaneously, as experience in Europe has already proved, both inflation and industrial disruption, inflation and unemployment, inflation and stagnation.

Iraq Is Latest To Announce Record Oil Production: Why This Is Just The Beginning Of The Supply Glut

Submitted by Tyler Durden on 04/10/2016 - 14:14 According to the state-run Oil Marketing Co., Iraq increased crude output to a record level in March, ahead of the long-awaited April 17 meeting in Qatar where OPEC members and other producers may or may not (they won't) agree to cap production to curb a global glut. Crude output in OPEC’s second-biggest producer rose to 4.55 million barrels a day last month from 4.46 million barrels in February, while exports increased to 3.81 million barrels a day in March from 3.23 million the previous month.

Saudi Authorities Halt Soccer Game To Cut Off Player's "Anti-Islamic" Hair

Submitted by Tyler Durden on 04/10/2016 - 12:50 The ultra-conservative, Wahhabism-practicing kingdom of Saudia Arabia had their sports authorities stop a match on Friday to cut a player's hair because they deemed it "anti-Islamic." A video posted online on Friday showed one player being given a last-minute haircut before a fixture to comply with Saudi Football Federation guidelines.

Myths About Gold That Just Won’t Die

Submitted by Tyler Durden on 04/10/2016 - 11:58 The mainstream loves to hate gold, but then again, these are the same people  who were bearish on gold all the way up from $250 to $1,900 (some turned bullish shortly before it topped, but that’s another story). What actually explains all this contempt for gold is the fact that it remains the main antagonist of the current statist centrally planned fiat money system. It’s as simple as that.

Where are Marx and Lenin when we need them?

from Paul Craig Roberts:

Marx and Lenin were ahead of their time. Marx wrote before offshoring of jobs and the
financialization of the economy. Lenin presided over a communist revolution that jumped the gun by taking place in a country in which feudal elements still predominated over capitalism. In 21st century America capitalism has been unfettered from the regulations that democratized it and made it serve society. Today capitalism is being financialized with the consequence that its productive power is being drained into the service of debt.
When I was a young man, an individual with one million dollars was very rich. Anyone with a few millions more was considered richer than rich. Today there are people who have thousands of millions of dollars.
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Boston Globe goes full cuckoo, publishes 100% fake newspaper edition to try to destroy vaccine critic Donald Trump with hoax headlines parading as truth-to-be

by Mike Adams, Natural News:
The Boston Globe, a newspaper that routinely prints fake CDC vaccine propaganda as “news,” now openly admits it is nothing but a fiction rag. A Sunday edition of the paper goes “full cuckoo” by literally fabricating fake headlines and news story hoaxes, then publishing them under The Boston Globe banner as if they were real. Small text on the second page admits it’s all fake!
View the fake Boston Globe edition here (PDF).
The fake Boston Globe front page featuring fabricated scare stories about Donald Trump comes off as a tin foil hat collection of paranoid conspiracy theories married with a laughably pathetic act of credibility suicide by the once-respected paper.
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Prepare For Market Shock And Awe: Three Ways To Take Advantage Of The Coming Silver Surge

by Mac Slavo, SHTFPlan:

Mass layoffs and closures aren’t just a phenomenon in the oil industry. In a new micro-documentary from Future Money Trends trend analyst Daniel Ameduri explains that anemic economic demand has driven major mining companies around the globe to reduce operations in the mining of copper, zinc and other base metals. And because these operations are responsible for the secondary mining of one of the world’s most necessary precious metals, as mines close their doors we will see a massive supply crunch in silver.
Coupled with silver’s demand as a hedge against monetary instability, Ameduri says silver is set to rise to $100 per ounce or more over the next 24 months.
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MILLIONAIRES FEARING CIVIL UNREST ARE FLEEING CHICAGO BY THE THOUSANDS

by Joshua Krause, The Daily Sheeple:

As time goes on the city of Chicago is rapidly turning into a crime infested hell hole, rife with poverty, debt, and racial tensions. The city is well on its way to joining the likes of Detroit, and there may be no escaping that eventuality. That’s why many of the city’s wealthy elites are getting the hell out of there.
The Chicago Tribune reports that roughly 3,000 millionaires have left the city over the past year alone, which amounts to about 2 percent of their wealthy population.
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From Normal To Insane: The Journey Ahead For Mainstream Media Believers

from The Sleuth Journal:

As jazz guitar player ‘George Benson’ once said in a popular tune “Everything must change”. I’m inspired to reiterate in this article that everything is constantly changing. Change is part of nature and it is always happening. We however, that is, each and every one of us on earth, have the power to change things for the better or for the worse. Herein is the core of my hope, energy and alacrity with respect to where we are now and where we are heading as a species.

Acknowledging that change is inevitable is a great starting point for facing a paradigm shift as immense as the one we are facing right now.

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