Submitted by Tyler Durden on 04/17/2016 - 13:55
OPEC, NON-OPEC MINISTERS FINISH OIL TALKS IN DOHA, NO AGREEMENT - RTRS
OIL PRODUCERS END DOHA TALKS: OMAN MINISTER -BBG
Probably Nuclear Snow...Just like what happened to the U.S. Navy ships that went to help after Fukashima blew up...
Mysterious Foam Covers Japanese City In Aftermath Of Destructive Earthquake
Submitted by Tyler Durden on 04/17/2016 - 09:31
Barron's Does It Again
Submitted by Tyler Durden on 04/17/2016 - 14:40 Has there ever been a more ill-timed example of the curse of the Barron's cover than this?
"I Am Not Sure You Can Call It A Freeze" - OPEC Deal In Jeopardy As Saudi-Iran Tensions Spike: All The Latest
Submitted by Tyler Durden on 04/17/2016 - 08:40 A spike in tensions between arch-rivals Saudi Arabia and Iran appeared on Sunday to ruin prospects of the first binding oil output deal in 15 years between OPEC and non-OPEC nations, and looked set to prompt another fall in the price of crude. "I am not sure you can call it a freeze," one OPEC source said. A senior oil industry source said: "The problem now is to come up with something that excludes Iran, makes the Saudis happy and doesn't upset Russia."
Saudi Stocks Slide Most In 3 Weeks As Post-Doha Hangover Begins
Submitted by Tyler Durden on 04/17/2016 - 13:35 In the first market glimpse of the fallout from a disappointing Doha conclusion, Saudi stocks have fallen by the most in three weeks retracing most of last week's exuberantly hopeful gains.
Thousands Rally In Brazil's Capital As Impeachement Session Starts: Live Webcast
Submitted by Tyler Durden on 04/17/2016 - 13:27 If Brazil's president survives the impeachment vote today, Rousseff plans calling meeting with opposition leaders including PSDB’s Aecio Neves and Fernando Henrique Cardoso, and if she loses, the government will likely focus attacks on Temer to try and stop process in the Senate. For now however it is all about the Congressional vote, whose impeachment session started moments ago and is set to conclude tonight around 10pm . Live feed from Brazil's capital Brasilia below where thousands are already gathering ahead of tonight's session which is expected to continue until around 10pm local time.
"If You Like Your 'Peddled Fiction', You Can Keep It..."
Nope...
The Real Reason Hillary Clinton Refuses To Release Her Wall Street Transcripts
Submitted by Tyler Durden on 04/17/2016 - 12:19 "It was pretty glowing about us... It’s so far from what she sounds like as a candidate now. It was like a rah-rah speech. She sounded more like a Goldman Sachs managing director."
Japan's Economy Grinds To A Halt After Earthquake Paralyzes Critical Supply Chains
Submitted by Tyler Durden on 04/17/2016 - 11:42 On Sunday Toyota was one of many Japanese companies to announce that it will suspend most car production across Japan as a result of critical supply chain disruption caused by the recent destructive earthquake and numerous aftershocks. The earthquakes reflected the vulnerability of Japanese companies to supply chain disruptions caused by natural disasters, and also highlighted the "just in time" philosophy pioneered by Toyota and followed by many others.
Jim Grant: "Make America Solvent Again"
Submitted by Tyler Durden on 04/17/2016 - 11:13 $13,903,107,629,266. Can the nation afford this much debt? This much we have learned about debt after 40 years of writing and study: It is better not to incur it. Once it is incurred, it is better to pay it off. America, we have a problem.
Hungary Issues Sovereign Bonds Denominated In Yuan: Another Nail In US Reserve Currency Status?
Submitted by Tyler Durden on 04/17/2016 - 10:35 Hungary priced the three-year bond at a yield of 6.25%, raising 1 billion yuan ($154 million), a small size for a sovereign deal. Bankers not involved in the transaction estimate that if Hungary issued debt in U.S. dollars and swapped the proceeds into yuan, it would have paid almost 1% less in annual interest costs. The dim-sum market isn’t an appealing market right now. Issuance of offshore yuan bonds has been falling consistently since Beijing’s decision to devalue its currency by 2% in August last year—the prospect of another yuan devaluation has sapped much of the appeal of such bonds for offshore investors.
Saudi Arabia Threatens To Liquidate Its Treasury Holdings If Congress Probes Its Role In Sept 11 Attacks
Submitted by Tyler Durden on 04/17/2016 - 09:13 Saudi Arabia has told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars’ worth of American assets held by the kingdom if Congress passes a bill that would allow the Saudi government to be held responsible in American courts for any role in the Sept. 11, 2001, attacks.
Former IRS Agent Admits: "Personal Income Tax is Actually Illegal"
Submitted by Tyler Durden on 04/16/2016 - 22:00 It is tax day again. Chances are, you’re done with the dirty business this year, or laying low in hopes that you aren’t audited or flat out persecuted. If not, the clock is quickly ticking. But it is worth pointing out once again the many ways in which the federal tax scheme in the United States is illegal.
Kyle Bass On The Resurgence Of Gold And The Looming "Run On Cash"
Submitted by Tyler Durden on 04/16/2016 - 21:25 "I think this is where the academics are kind of clashing with the practitioners. I think on paper negative rates make a lot of sense if you're running academic models, but in reality they make no sense... If they told you and I that they're going to tax your deposits by a hundred basis points, well it's better to put it in a safe or under your mattress. And that's why you see a resurgence in gold. The more they move to negative rates, the more gold is gonna take off because there's no carrying cost."
China Embraces Gold In Advance Of Post-Dollar Era
Submitted by Tyler Durden on 04/16/2016 - 20:50 To challenge the US dollar hegemony and increase its power in the global realm of finance, China has a potent gold strategy. Whilst the State Council is preparing itself for the inevitable decay of the current international monetary system, it has firmly embraced gold in its economy. With a staggering pace the government has developed the Chinese domestic gold market, stimulated private gold accumulation and increased its official gold reserves in order to ensure financial stability and support the internationalisation of the renminbi.
"The Big Move" Is Coming
Submitted by Tyler Durden on 04/16/2016 - 20:18 A big move is coming in the S&P 500 and it will take everyone’s breath away.
by Robert Parry, The News Doctors:
If there were any doubts that Hillary Clinton favors a neoconservative foreign policy, her performance at Thursday’s debate should have laid them to rest. In every meaningful sense, she is a neocon and – if she becomes President – Americans should expect more global tensions and conflicts in pursuit of the neocons’ signature goal of “regime change” in countries that get in their way.
Beyond sharing this neocon “regime change” obsession, former Secretary of State Clinton also talks like a neocon. One of their trademark skills is to use propaganda or “perception management” to demonize their targets and to romanticize their allies, what is called “gluing white hats” on their side and “gluing black hats” on the other.
Read More
If there were any doubts that Hillary Clinton favors a neoconservative foreign policy, her performance at Thursday’s debate should have laid them to rest. In every meaningful sense, she is a neocon and – if she becomes President – Americans should expect more global tensions and conflicts in pursuit of the neocons’ signature goal of “regime change” in countries that get in their way.
Beyond sharing this neocon “regime change” obsession, former Secretary of State Clinton also talks like a neocon. One of their trademark skills is to use propaganda or “perception management” to demonize their targets and to romanticize their allies, what is called “gluing white hats” on their side and “gluing black hats” on the other.
Read More
Deutsche Bank Admits Rigging, Will Expose Other Riggers
from Mish Talk:
Deutsche Bank has admitted it rigged both the Gold market and the Silver market. ZeroHedge has the details in his report Deutsche Bank Agrees To Expose Other Manipulators.
Many asked me to comment. I am shocked?
No. In the wake of admissions of rigged LIBOR and rigged Euribor (bank to bank interest rates in dollars and euros respectively), one would really have to wonder “What isn’t rigged?”
Read More
from Mish Talk:
Deutsche Bank has admitted it rigged both the Gold market and the Silver market. ZeroHedge has the details in his report Deutsche Bank Agrees To Expose Other Manipulators.
Many asked me to comment. I am shocked?
No. In the wake of admissions of rigged LIBOR and rigged Euribor (bank to bank interest rates in dollars and euros respectively), one would really have to wonder “What isn’t rigged?”
Read More
from The Sleuth Journal:
Since Jimmy Carter instigated the 1980s Iran/Iraq War, millions of Iraqi civilians perished from endless conflicts, devastating violence, preventable diseases and starvation – continuing today without letup, US barbarity fully responsible.
Bush administration officials remain unaccountable for genocidal massacres, Fallujah residents horrifically punished by US viciousness – on the phony pretext of pursuing resistance leaders, slaughtering civilians in cold blood.
On April 7, Human Rights Watch (HRW) said tens of thousands of the city’s original population of over 300,000 “are besieged by the government, trapped by ISIS, and are starving.”
Read More
Since Jimmy Carter instigated the 1980s Iran/Iraq War, millions of Iraqi civilians perished from endless conflicts, devastating violence, preventable diseases and starvation – continuing today without letup, US barbarity fully responsible.
Bush administration officials remain unaccountable for genocidal massacres, Fallujah residents horrifically punished by US viciousness – on the phony pretext of pursuing resistance leaders, slaughtering civilians in cold blood.
On April 7, Human Rights Watch (HRW) said tens of thousands of the city’s original population of over 300,000 “are besieged by the government, trapped by ISIS, and are starving.”
Read More
by Daisy Luther, The Organic Prepper:
This week’s Survival Saturday news discusses robbery.
Merriam-Webster says:
the unlawful taking away of personal property from a person by violence or by threat of violence that causes fear : larceny from the person or immediate presence of another by violence or threat of violence and with intent to steal
Read More
This week’s Survival Saturday news discusses robbery.
Merriam-Webster says:
robbery noun rob·bery
Read More
from Washington’s Blog:
Saudi Arabia, owned by the Saud family, are telling the U.S. Government, they’ll wreck the U.S. economy, if a bill in the U.S. Congress that would remove the unique and exclusive immunity the royal owners of that country enjoy in the United States, against their being prosecuted for their having financed the 9/11 attacks, passes in Congress, and becomes U.S. law.
As has been well documented even in sworn U.S. court testimony, and as even the pro-Saudi former U.S. Secretary of State Hillary Clinton acknowledged privately, “Donors in Saudi Arabia constitute the most significant source of funding to Sunni terrorist groups worldwide.”
Read More
by Rory, The Daily Coin:
When you dedicate yourself to a project for 17 years, as Bill Murphy, GATA and LeMetropole Cafe, has, it must to be a joyous occasion to see the beginning steps of justice being served.
On April 14 Deutche Bank (DB) admitted, in a court of law, their precious metals desk had been rigging the silver market and as the information began to surface it was also discovered that DB had been rigging the gold market as well. This is only the beginning.
The members of GATA, namely Bill Murphy and Chris Powell, have been presenting evidence of precious metals market rigging, to the world, for close to two decades and now we find that one of the largest banks in the world has been participating in this market rigging scheme.
Continue reading Bill Murphy: Silver – All about the Physical Market; Takin’ These Bums Out!
When you dedicate yourself to a project for 17 years, as Bill Murphy, GATA and LeMetropole Cafe, has, it must to be a joyous occasion to see the beginning steps of justice being served.
On April 14 Deutche Bank (DB) admitted, in a court of law, their precious metals desk had been rigging the silver market and as the information began to surface it was also discovered that DB had been rigging the gold market as well. This is only the beginning.
The members of GATA, namely Bill Murphy and Chris Powell, have been presenting evidence of precious metals market rigging, to the world, for close to two decades and now we find that one of the largest banks in the world has been participating in this market rigging scheme.
Continue reading Bill Murphy: Silver – All about the Physical Market; Takin’ These Bums Out!
from Wolf Street:
How the mighty are fallen. Pemex, Mexico’s state-owned oil giant, once a goliath on the global energy scene, is now dependent on state aid to meet its day-to-day needs. Mexico’s Finance Ministry announced a series of measures aimed at loosening Pemex’s financial strains, giving the state-owned giant a decidedly short-term $4.2 billion liquidity boost.
That includes a capital injection of $1.5 billion, as well as a credit facility for a further €2.7 billion to pay down pension costs this year. The company will also receive tax breaks that will allow it to deduct more of its exploration and production costs.
But it’s a mere drop in the barrel compared to the $30.3 billion in losses the company racked up last year, its $90.5 billion in pension liabilities, and its debt which is expected to surpass $100 billion later this year.
Read More
How the mighty are fallen. Pemex, Mexico’s state-owned oil giant, once a goliath on the global energy scene, is now dependent on state aid to meet its day-to-day needs. Mexico’s Finance Ministry announced a series of measures aimed at loosening Pemex’s financial strains, giving the state-owned giant a decidedly short-term $4.2 billion liquidity boost.
That includes a capital injection of $1.5 billion, as well as a credit facility for a further €2.7 billion to pay down pension costs this year. The company will also receive tax breaks that will allow it to deduct more of its exploration and production costs.
But it’s a mere drop in the barrel compared to the $30.3 billion in losses the company racked up last year, its $90.5 billion in pension liabilities, and its debt which is expected to surpass $100 billion later this year.
Read More
Sanders' Supporters Shower Hillary Clinton Motorcade In Thousand-Dollar Bills
Submitted by Tyler Durden on 04/17/2016 - 14:05 While George Clooney defends the "obscene amount of money" he just raised for Hillary Clinton, Bernie Sanders' supporters outside the actor's home expressed their dis-satisfaction at money in politics... by showering Clinton's car with $1000-bills.../
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