Saudi Arabia Threatens To Liquidate Its Treasury Holdings If Congress Probes Its Role In Sept 11 Attacks

Submitted by Tyler Durden on 04/16/2016 - 08:43
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.

"The Big Move" Is Coming

Submitted by Tyler Durden on 04/16/2016 - 12:18 A big move is coming in the S&P 500 and it will take everyone’s breath away.

Denmark, Belgium, Now The Netherlands: Negative Mortgage Rates Spread Across Europe

Submitted by Tyler Durden on 04/16/2016 - 12:43 "Unless a miracle happens and the European and Japanese economic cadavers suddenly sit up and rub their eyes, central banks will eventually have to give up and admit defeat. The hope will be that not too much damage has been inflicted.... But that is central banking for you, in the era of leverage: take from the savers and give to the borrowers in the hope that they will "do something".Not so far, they’re not … they’re just punting it on real estate."

Billion Dollar Lawsuits Filed Following Deutsche Bank's Admission Of Gold, Silver Rigging

Submitted by Tyler Durden on 04/16/2016 - 11:38 Barely a day had passed since the historic admission of gold and silver price rigging by Deutsche bank, which as we reported on Thursday was settled with not only "valuable monetary consideration", but Deutsche's "cooperation in pursuing claims" against other members of the cartel, i.e., exposing the manipulation of other cartel members, and the class action lawsuits have begun. Overnight, two class action lawsuits seeking $1 billion in damages on behalf of Canadian gold and silver investors were launched in the Ontario Superior Court of Justice.

"It's A Rotten System" Ron Paul Says: US Elections Are Rigged, Voting Simply Used To Pacify The Public

Submitted by Tyler Durden on 04/16/2016 - 11:06 “I don’t think there’s an easy way out for the establishment or the parties,” he noted, explaining that Democrats and Republicans would both rather risk “further alienation of the people” than allow a candidate to succeed who could shake up the system. "It's a rotten system."

And Scene: In Last Minute Iran Pulls Out Of Doha Meeting

Submitted by Tyler Durden on 04/16/2016 - 09:43 The "OPEC production freeze" farce was fully exposed this morning when after pretending whether or not to participate in the Qatar meeting, Iran finally decided it will not attend the Doha meeting, two sources familiar with the situation told Reuters. Iran's oil minister had not been scheduled to attend, but Tehran was due to send Iran OPEC Governor Hossein ‎Kazempour Ardebilli, oil ministry news agency Shana reported on Friday. Iran had been informed that only those countries willing to agree to freeze their output level should attend.

A Drone Flies Through A Rotting, Abandoned $17.5 Million Vancouver Mansion; This Is What It Saw

Submitted by Tyler Durden on 04/15/2016 - 23:57

Doha Is Done: Saudi Prince Drops Bomb - "No Deal Without Iran...We Are Selling At Every Opportunity"

Submitted by Tyler Durden on 04/15/2016 - 23:56 In what appears to be a Doha party-pooping statement, Saudi deputy crown prince Mohammed bin Salman stated unequivocally that The Kingdom won’t restrain its oil production unless other producers, including Iran, agree to freeze output at a meeting this weekend in Doha. This a major problem because - if you remember - this week's melt-up in oil (and thus stocks) was predicated on an anonymous diplomat cited by Interfax saying a deal will get done without Iran (which the Russians refused to confirm). All that hope crushed by a reality that has been painfully obvious that no side will be given in the Iran-Saudi tete-a-tete... and now, as Citi warned "expect a sharp sell-off."

One Reader Tried To Get The Recording Of Yellen's "World-Saving Phone Call"; This Is What The Fed Replied

Submitted by Tyler Durden on 04/15/2016 - 22:48

The Fed Sends A Frightening Letter To JPMorgan, Corporate Media Yawns

Submitted by Tyler Durden on 04/15/2016 - 22:45 Yesterday the Federal Reserve released a 19-page letter that it and the FDIC had issued to Jamie Dimon, the Chairman and CEO of JPMorgan Chase, on April 12 as a result of its failure to present a credible plan for winding itself down if the bank failed. The letter carried frightening passages and large blocks of redacted material in critical areas, instilling in any careful reader a sense of panic about the U.S. financial system. The Federal regulators didn’t say JPMorgan could pose a threat to its shareholders or Wall Street or the markets. It said the potential threat was to “the financial stability of the United States.”

The Difference Between Bernie's & Hillary's Tax Plan Explained In 1 Simple Cartoon

Submitted by Tyler Durden on 04/15/2016 - 22:40 On the one hand...

One Man Asks Why Was Tritium Found At 9/11 Ground Zero

Submitted by Tyler Durden on 04/15/2016 - 22:30 Dr. Ed Ward has documented what he believes is strong evidence suggesting that up to three thermonuclear devices were detonated at the World Trade Center site on 9/11.

What Happens Next (In Europe)?

Submitted by Tyler Durden on 04/15/2016 - 22:00 A year ago today, European equities hit their highest levels ever. But, as Bloomberg reports, the euphoria about Mario Draghi’s stimulus program didn’t last, and trader skepticism is now rampant. The Stoxx Europe 600 Index has lost 17% since its record, and investors who piled in last year are now unwinding bets at the fastest rate since 2013 as analysts predict an earnings contraction. The trading pattern looks familiar: a fast run to just over 400 on the gauge, then disaster...

Investigating Deutsche Bank’s €21 Trillion Derivative Casino In Wake Of Admission It Rigged Gold And Silver

Submitted by Tyler Durden on 04/15/2016 - 21:29 The total size of Deutsche Bank’s derivatives casino is €21.39 trillion, notional.  Inquiring minds may be asking: How much risk is there on €21.39 trillion?

These Are The 10 Worst (And Best) Jobs In America

Submitted by Tyler Durden on 04/15/2016 - 21:01 A new survey of the best and worst jobs in the country has declared that being a newspaper reporter (blogger may or may not fall under this umbrella definition) is the worst career you could be pursuing.

The Scourge Of Socialism

Submitted by Tyler Durden on 04/15/2016 - 20:30 Human progress has been three steps forward, two steps back. That a non-fringe candidate of a major political party in the United States can call himself a socialist constitutes a leap backward. That it can happen after a century of socialistic horrors: impoverishment, ruination, tyranny, war, and tens of millions dead, bespeaks not just deadly ignorance and delusion, but depravity.

Doug Casey: The Real Problem Is Government

Submitted by Tyler Durden on 04/15/2016 - 19:30 "What useful purpose does the U.S. government serve?" Government sponsors untold waste, criminality, and inequality in every sphere of life it touches, giving little of value in return. Its contributions to the commonweal are wars, pogroms, confiscations, persecutions, taxation, regulation, and inflation. And it's not just some governments of which that's true, although some are clearly much worse than others. It's an inherent characteristic of all government.

China - A Reversal Of Urbanization?

Submitted by Tyler Durden on 04/15/2016 - 18:30 Since modern-day “policymakers” are averse to allowing even the slightest bit of economic pain to materialize (except if the countries concerned are small and helpless, such as Greece), they have implemented unprecedented monetary pumping and debt expansion to hold recessions at bay. China’s planners have been especially diligent in this respect, misallocating resources in truly grand style and leaving the country buried in a pile of unsound debt. The combination of demographic and economic challenges the country now faces means that more than just a small hicc-up is probably in store, even though the timing of the denouement remains uncertain.

How To Trade The Coming Helicopter Money: Deutsche Bank Explains

Submitted by Tyler Durden on 04/15/2016 - 16:58 "At one extreme, if the market perceives the policy as a failure, credit risk and demand/supply imbalances are likely to dominate, putting even further downward pressure on yields. At the other extreme, if the policy is perceived as a loss of monetary discipline, inflation expectations would spike, leading to an aggressive re-pricing of yields higher."



/