Submitted by Tyler Durden on 04/05/2016 - 22:04
Here Are Some Of The Americans In The "Panama Papers"
Submitted by Tyler Durden on 04/05/2016 - 16:56 Today we finally get some answers to the question on everyone's lips: who are the Americans in the Panama Papers? Surprisingly, there are no politicians of note are in files but plenty of others. Among them: retirees, scammers, and tax evaders, all of whom found a use for secrecy of offshore companies.
All Quiet On The Eurasian Front
Submitted by Tyler Durden on 04/05/2016 - 22:25 What’s left for the Empire of Chaos in the Eurasian front is the wishful thinking of attempting to encircle both Russia and China, while both keep actually expanding all across the Eurasian Heartland, shedding US dollars and buying gold, signing a flurry of contracts in yuan and selling oil and gas to all and sundry.
The 50 Most Murderous Cities In The World
Submitted by Tyler Durden on 04/05/2016 - 22:00 While America managed (for the first time) to get two cities on the world's Top 50 most murderous list, it is Brazil that takes the proverbial cake. Brazil has been in crisis for some time now, but even that does not explain how the venue for the 2016 Olympics is home to a mind-boggling 32 of the 50 most murderous cities in the world.
The ECB’s Monetary Policy Is Now Creating a Rush Into Derivatives
Submitted by Tyler Durden on 04/05/2016 - 21:33 Investors now acknowledge that fundamental analysis is merely an afterthought when compared to the far bigger influence of central bank buying. While this destroys free markets, fuels malinvestment bubbles and rewards cronyism, it doesn’t stop central planners — it merely emboldens them. The latest example of such hubris was on full display last month when the ECB’s Mario Draghi increased QE by a third. Here’s some of what’s happened since. So “investing” has morphed into simply front-running the decisions of unelected central planners. That’s all there is to it.
Wisconsin Primary: Cruz, Sanders Win - Live Webcast
Submitted by Tyler Durden on 04/05/2016 - 21:13 Both Cruz and Sanders win Wisconsin, in line with what the polls had predicted.
The Recovery-less Recovery
Submitted by Tyler Durden on 04/05/2016 - 21:10 It appears that Ed Yardeni's market-driven global growth barometer is peddling more fiction about the so-called 'recovery'...
BOJ's Kuroda Threatens More Easing, Stocks Tank, Absurdity Reigns
Submitted by Tyler Durden on 04/05/2016 - 20:45 Someday this is going to end in tears. But not tomorrow. Kuroda knows this, hoping that the “after tomorrow” won’t be under his watch. After me the deluge!
California Gov. Signs Minimum Wage Hike: Admits It "Doesn’t Make Economic Sense" As Locals Flee For Texas
Submitted by Tyler Durden on 04/05/2016 - 20:32 As of midnight, both California and New York have signed the new $15 minimum wage into law. The irony of the situation, which will most certainly go under reported, is that even California’s Governor Brown knows that it’s not the right decision to make economically. Regarding the actual economic impact, California’s Governor Brown was quoted as saying that "economically, minimum wages may not make sense."
In a video uploaded to YouTube recently, a brave grandmother filmed herself refusing to ‘show her papers’ at an unconstitutional DUI checkpoint in California. The results were inspiring.
Sobriety checkpoints — also known as DUI checkpoints — are the most common roadblocks you might encounter. They function as a general purpose investigatory tactic where police can get a close look at passing motorists by detaining them briefly. A roadblock stop is quick, but it gives police a chance to check tags and licenses, while also giving officers a quick whiff of the driver’s breath and a chance to peer into the vehicle for a moment.
Remember that your constitutional rights still apply in a roadblock situation. Though police are permitted to stop you briefly, they may not search you or your car unless they have probable cause that you’re under the influence or you agree to the search. As such, you are not required to answer their questions or admit to breaking the law.
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by Christina Sarich, Natural Society:
Monsanto’s Kenya Ltd., a subsidiary of the larger company, is trying to push another genetically modified Bt cotton strain into Africa. Representatives have submitted an application to release GM cotton seed known as MON 15985, or Bollgard II. [1]
The GM cotton was engineered to contain Bt pesticide (Bacillus thuringiensis) within the plant, purportedly to make the crop poisonous to butterflies and moths. Despite recent monarch butterfly deaths in the millions, these two species are the target of the GM seed. The company is insistent upon forcing Bt cotton into Kenya and other countries despite its dismal track record not just in Africa, but also on other continents.
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Monsanto’s Kenya Ltd., a subsidiary of the larger company, is trying to push another genetically modified Bt cotton strain into Africa. Representatives have submitted an application to release GM cotton seed known as MON 15985, or Bollgard II. [1]
The GM cotton was engineered to contain Bt pesticide (Bacillus thuringiensis) within the plant, purportedly to make the crop poisonous to butterflies and moths. Despite recent monarch butterfly deaths in the millions, these two species are the target of the GM seed. The company is insistent upon forcing Bt cotton into Kenya and other countries despite its dismal track record not just in Africa, but also on other continents.
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by Gary Christenson, Deviant Investor:
Officially the Fort Knox Bullion Depository contains 147.3 million ounces of gold. However, the last audit was performed over 60 years ago. According to reliable sources “audits” since then have been incomplete and inadequate.
Question: If the Bullion Depository still contains over 147 million ounces of gold, why not audit it, prove the existence of the gold, and eliminate speculation? The US government spends over $70 billion on “food stamps” every year and nearly a $Trillion per year on “defense,” so cost is not the issue.
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Officially the Fort Knox Bullion Depository contains 147.3 million ounces of gold. However, the last audit was performed over 60 years ago. According to reliable sources “audits” since then have been incomplete and inadequate.
Question: If the Bullion Depository still contains over 147 million ounces of gold, why not audit it, prove the existence of the gold, and eliminate speculation? The US government spends over $70 billion on “food stamps” every year and nearly a $Trillion per year on “defense,” so cost is not the issue.
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from BATR:
At this point in the long and revolting primary fiasco, the two party
monopoly plays out their orchestrated selection charade for all to see.
The most amazing and pathetic attitude among a politically frustrated
electorate is why another one can or will provide their consent with the
final outcome. The fundamental failure in the American political system
is based upon a phony two party opposition. Friends and foes alike, the
first lesson in understanding our politically imposed despotism is that
elections never allow for real choice. The careerist political class
always prevents honest reformers from gaining real power.
Yet, optimistic idealists and cynical realists keep going to the polls to cast their vote for the only candidates that party hacks allow to be placed on the ballot. Dumb and dumber should be the only names affixed under Democrat and Republican Party endorsements.
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At this point in the long and revolting primary fiasco, the two party
monopoly plays out their orchestrated selection charade for all to see.
The most amazing and pathetic attitude among a politically frustrated
electorate is why another one can or will provide their consent with the
final outcome. The fundamental failure in the American political system
is based upon a phony two party opposition. Friends and foes alike, the
first lesson in understanding our politically imposed despotism is that
elections never allow for real choice. The careerist political class
always prevents honest reformers from gaining real power.Yet, optimistic idealists and cynical realists keep going to the polls to cast their vote for the only candidates that party hacks allow to be placed on the ballot. Dumb and dumber should be the only names affixed under Democrat and Republican Party endorsements.
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by Chris Powell, GATA:
Dear Friend of GATA and Gold:
Last week at a public forum the president of the Federal Reserve Bank of New York, William Dudley, was asked whether the Federal Reserve has engaged in gold swaps with other central banks. He refused to answer.
Yesterday when your secretary/treasurer e-mailed the New York Fed’s media relations director, Eric Pajonk, for confirmation of the incident and put the gold swaps question to him directly on GATA’s behalf, Pajonk provided the Internet link to a video recording of Dudley’s remarks but also refused to respond to the question. Indeed, he refused even to acknowledge it.
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Dear Friend of GATA and Gold:Last week at a public forum the president of the Federal Reserve Bank of New York, William Dudley, was asked whether the Federal Reserve has engaged in gold swaps with other central banks. He refused to answer.
Yesterday when your secretary/treasurer e-mailed the New York Fed’s media relations director, Eric Pajonk, for confirmation of the incident and put the gold swaps question to him directly on GATA’s behalf, Pajonk provided the Internet link to a video recording of Dudley’s remarks but also refused to respond to the question. Indeed, he refused even to acknowledge it.
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from Wolf Street:
The stagnation zone
Our ever exuberant US consumers spent on average $89 a day in March on “discretionary” items, according to Gallup’s Daily Tracking survey. That was up five bucks from February, which is within the typical range of seasonal increases. It matched the previous high for a month of March since the Financial Crisis: March 2013. In March 2014 and 2015, consumers spent less: $87 and $86 respectively. Flat for the past four years!
But March is a peculiar month, with strong predictive qualities for the entire year. Gallup:
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The stagnation zone
Our ever exuberant US consumers spent on average $89 a day in March on “discretionary” items, according to Gallup’s Daily Tracking survey. That was up five bucks from February, which is within the typical range of seasonal increases. It matched the previous high for a month of March since the Financial Crisis: March 2013. In March 2014 and 2015, consumers spent less: $87 and $86 respectively. Flat for the past four years!
But March is a peculiar month, with strong predictive qualities for the entire year. Gallup:
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