Submitted by Tyler Durden on 04/13/2016 - 20:49
Following Double-Fed Emergency Meetings, China Devalues Yuan By Most In 3 Months
Submitted by Tyler Durden on 04/13/2016 - 21:43 After weeks of "stability," and following two emergency Fed meetings in 3 days (and an unexpected ease by MAS), The PBOC decided today was the right time to drastically slash the Yuan fix by 300 pips. This is the largest devaluation of the Chinese currency since January 7th (and second largest since August's world-market-turmoiling devaluation). Offshore Yuan had been tumbling all day (shrugging off the supposedly better trade data as FX traders saw through the colossal spike in imports from HK as indicative of capital outflows), and is falling further following PBOC's cut. Another abrupt message to The Fed... or is something happening behind the scenes (cough DB liquidity cough) that everyone is scrambling to deal with?
by Paul Joseph Watson, Infowars:
Panicked members of the elite are buying luxury bomb-proof underground
survival bunkers because they fear mass civil unrest might be on the
horizon.
The company behind the construction of the sprawling complexes, Vivos, says the facilities are for the “protection of high net worth individuals” in the event of apocalyptic-style scenarios during which “millions will perish or worse yet, struggle to survive as victims”.
Panicked members of the elite are buying luxury bomb-proof underground
survival bunkers because they fear mass civil unrest might be on the
horizon.The company behind the construction of the sprawling complexes, Vivos, says the facilities are for the “protection of high net worth individuals” in the event of apocalyptic-style scenarios during which “millions will perish or worse yet, struggle to survive as victims”.
“Where will you go when pandemonium strikes?” asks a promo for the luxury shelters.
Read More…"Aggressive" Russian Fighter Jets Buzz US Warship; Navy Releases Videos
Submitted by Tyler Durden on 04/13/2016 - 19:51
President Killary
Submitted by Tyler Durden on 04/13/2016 - 22:45 Would the world survive President Hillary?
The Best (And Worst) States To Avoid Income Taxes
Submitted by Tyler Durden on 04/13/2016 - 22:15 As Tax Day (April 18th) looms, we are once again reminded of how deeply the government reaches into our pockets. However, as Bloomberg details, there is one way to reduce your income tax burden - Switch states. Federal tax rates are the same no matter where you live, but state income taxes are all over the place. See how your state stacks up...
Shoe Company Accuses Obama Of Bribing It To Join TPP Trade Deal
Submitted by Tyler Durden on 04/13/2016 - 21:45 “We swallowed the poison pill that is TPP so we could have a chance to bid on these contracts... when agreements like this go into place, what that says to us is that our president and our trade negotiators, they don’t want us to make more products here.”Billion Dollar Baby Bye Bye: Regulators Seek To Ban Theranos Founder Elizabeth Holmes
Submitted by Tyler Durden on 04/13/2016 - 21:30
Singapore Unexpectedly Eases Monetary Policy After "Economy Grinds To A Halt"
Submitted by Tyler Durden on 04/13/2016 - 21:14 After a brief hiatus during which central banks refrained from stimulating their economies by the only way they know how, i.e., devaluing their currency through monetary policy, moments ago Singapore broke ranks when its central bank, the Monetary Authority of Singapore, unexpectedly eased monetary policy and drew a line against further appreciation when it announced that it would move to zero-percent appreciation in its currency.
State Of Fear - Corruption In High Places
Submitted by Tyler Durden on 04/13/2016 - 20:30 "It’s a story of intrigue, corruption and multiple murders, stretching from the streets of Malaysia’s capital Kuala Lumpur, to Switzerland, France and the US as well as Hong Kong and Singapore, all the way to Australia’s doorstep."Inside The Most Important Building For U.S. Capital Markets, Where Trillions Trade Each Day
Submitted by Tyler Durden on 04/13/2016 - 20:03
Even The Democrat Establishment Admits Clinton's Disapproval Ratings Are "Pretty Bad"
Submitted by Tyler Durden on 04/13/2016 - 19:30 "They're pretty bad," said Democratic strategist Brad Bannon, who connected the poor poll numbers to separate findings that show a broad number of Americans don’t trust Clinton. As The Hill reports, only 40.2% of people view Hillary favorably (drastically lower than Obama's 62% at this point in the presidential-cycle and Bush's 63%). As one commentator noted "the political impression that I think she leaves strikes a lot of people as inauthentic, as something they can’t quite trust."
Bank Of America Reveals "The Next Big Trade"
Submitted by Tyler Durden on 04/13/2016 - 19:13 Markets have stopped focusing on what central banks are doing and are "positioning for what they believe central banks may or may not do," according to BofA's Athanasios Vamvakidis as he tells FX traders to "prepare to fight the central banks," as the market reaction to central bank policies this year reflects transition to a new regime, in which investors start speculating which central bank will have to give up easing policies first.
Startling Inflation News Illustrates The Failure Of Easy Money
Submitted by Tyler Durden on 04/13/2016 - 19:00 Prices are actually falling faster than the official CPI number indicates, and have not picked up as oil has stabilized. In fact, the US has been in deflation for the past five months. So it’s no surprise that people who are actually buying the stuff that’s falling in price would register this fact and answer surveys with deflationary sentiments. It’s also no surprise that central banks, which presumably see the same data, would be looking for ways to ease even further (Japan and Europe) or walk back their previous threats to tighten (the US Fed) - apparently in the hope that increasing the dose will cure the credit addiction.
On Thomas Jefferson's Birthday, Here Are His Most Prophetic Statements
Submitted by Tyler Durden on 04/13/2016 - 18:27 "If the American People ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers occupied. The issuing power of money should be taken from the bankers and restored to Congress and the people to whom it belongs. I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies."
"Truth" In Politics
A different kind of fiction-peddling...
2016: The Year Americans Found Out Their Elections Are Rigged
Submitted by Tyler Durden on 04/13/2016 - 17:30 "We The People" don’t choose our presidents; they are hand-picked by a powerful group of political party insiders - parties that have long since sold out to the highest bidders. What we have on our hands in America is a rigged oligarchy, and that’s not a conspiracy theory - it’s fact. Now, however, millions of Americans are becoming aware of it thanks to the populist campaigns of Bernie Sanders and Donald Trump. America’s elections are controlled by a big club, but unfortunately, "you ain’t in it!"
Yes, The Dollar Should Be Backed By Gold...
Submitted by Tyler Durden on 04/13/2016 - 17:30 A certificate for sound money, and quite a bit of it too. Our benevolent modern-day social engineers would be appalled: not only is this a certificate for gold, it is one for 10,000 smackers worth of the stuff! Only über-turrsts could possibly have use for such a thing... it clearly embodies way too much freedom and responsibility for the average tax serf. If you’re not convinced, ask Larry Summers, and if that doesn’t help, think about the children!
JPM: "People Are Being Forced Into A Rally That Remains Decidedly Unloved"
Submitted by Tyler Durden on 04/13/2016 - 17:18 "...investors remain reluctant about chasing a tape so far off its lows. Even assuming the USD weakness, oil strength, and better-than-feared Q1 reports, it’s hard to get the ’16 EPS number more than few dollars above $120 and investors should be careful..."
Who Said It: "There Is No Exuberance, No Optimism And Not Much Hope"
Submitted by Tyler Durden on 04/13/2016 - 17:00 NFIB Chief Economist Bill Dunkelberg cautioned that the small business sector is currently “underperforming, doing little more than operating in maintenance mode.” Although there has been “slow economic growth,” he warned that “there is no exuberance, no optimism and not much hope, the numbers make it clear.”Why The Goldman Sachs Settlement Is An "Abomination And Insult To All Americans"
Submitted by Tyler Durden on 04/13/2016 - 15:55
The fact that “we the people” put up with this is a national embarrassment.
Chapman Cubine Adams + Hussey, the official direct mail marketing firm for the Democratic National Committee (DNC), which currently has two Presidential contenders – one of whom, Bernie Sanders, has won seven of the last eight state races – is overtly putting its finger on the scale for Hillary Clinton.
Senator Bernie Sanders of Vermont announced his candidacy in April 2015, but in the photo above, posted to the official Facebook page of Chapman Cubine, its President, Kim Cubine, appears with Hillary Clinton and calls her the “future President.” Another Facebook post by Chapman Cubine on March 16 celebrates Hillary Clinton’s win in the South Carolina primary. (See graphic below.)
Read More
from The Wealth Watchman:
Things are now deteriorating in the global economy so quickly, that it cannot be hidden from the public any longer. Just yesterday, the world sat tight as the Federal Reserve and the President had a secret meeting.
However, it was the advanced nature of the meeting that turned the most heads. Just look at nature of the announcement, via the Federal Reserve’s own website:
Advanced Notice of a Meeting under Expedited Procedures
It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 2:00 PM on Tuesday, April 12, 2016, will be held under expedited procedures, as set forth in section 26lb.7 of the Board’s Rules Regarding Public Observation of Meetings, at the Board’s offices at 20th Street and C Streets, N.W., Washington, D.C. The following items of official Board business are tentatively scheduled to be considered at that meeting.
Read More
Things are now deteriorating in the global economy so quickly, that it cannot be hidden from the public any longer. Just yesterday, the world sat tight as the Federal Reserve and the President had a secret meeting.
However, it was the advanced nature of the meeting that turned the most heads. Just look at nature of the announcement, via the Federal Reserve’s own website:
Advanced Notice of a Meeting under Expedited Procedures
It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 2:00 PM on Tuesday, April 12, 2016, will be held under expedited procedures, as set forth in section 26lb.7 of the Board’s Rules Regarding Public Observation of Meetings, at the Board’s offices at 20th Street and C Streets, N.W., Washington, D.C. The following items of official Board business are tentatively scheduled to be considered at that meeting.
Read More
by Julie Fidler, Natural Society:
Maryland has nearly become the first state in the U.S. to ban the sale of neonicotinoids, a class of pesticides which are a major contributor to the decline of honeybees.
Two bills previously cleared the Maryland State Senate and Maryland House of Delegates. The bills’ similarities were to likely to result in them being combined into a single piece of legislation to be sent to Republican Gov. Larry Hogan’s desk, where it could be signed into law.
Read More
Maryland has nearly become the first state in the U.S. to ban the sale of neonicotinoids, a class of pesticides which are a major contributor to the decline of honeybees.Two bills previously cleared the Maryland State Senate and Maryland House of Delegates. The bills’ similarities were to likely to result in them being combined into a single piece of legislation to be sent to Republican Gov. Larry Hogan’s desk, where it could be signed into law.
Read More
by Charles Hugh Smith, Of Two Minds:
The American public deserves the opportunity to vote for Sanders, Trump, and whatever hacks the two elitist war parties select.
If the Republican Party chooses a candidate other than Donald Trump at its convention, the possibility that Trump would declare a third-party/ independent candidacy is already mainstream. This would create a three-candidate race for the presidency in which the independent actually has a chance to win, given the monumental disgust of the voting public with the corrupt, elitist and profoundly venal parties.
Read More…
The American public deserves the opportunity to vote for Sanders, Trump, and whatever hacks the two elitist war parties select.
If the Republican Party chooses a candidate other than Donald Trump at its convention, the possibility that Trump would declare a third-party/ independent candidacy is already mainstream. This would create a three-candidate race for the presidency in which the independent actually has a chance to win, given the monumental disgust of the voting public with the corrupt, elitist and profoundly venal parties.
Read More…
by Sol Palha, GoldSeek:
What strikes one immediately is that the Fed has been creating money hand over fist; one hand they create money, with the other hand they buy assets and put it on their books, all looks well until you realize this is something called monetization of debt. Paper buying more paper and in most nations this leads to hyperinflation and a currency collapse. However as the Dollar is the world reserve currency. The Fed can magically create money out of thin air and use this newly created money to pay bills and or prop up markets as is currently the case.
Look at how the total assets of the Fed have skyrocketed since 2004.
Read More
What strikes one immediately is that the Fed has been creating money hand over fist; one hand they create money, with the other hand they buy assets and put it on their books, all looks well until you realize this is something called monetization of debt. Paper buying more paper and in most nations this leads to hyperinflation and a currency collapse. However as the Dollar is the world reserve currency. The Fed can magically create money out of thin air and use this newly created money to pay bills and or prop up markets as is currently the case.
Look at how the total assets of the Fed have skyrocketed since 2004.
Read More
from Wolf Street:
Among the goodies: “reverse Yankee” landmines.
When a central bank like the ECB imposes negative interest rates along with QE on its bailiwick, funny things start to happen.
Investors become so eager to get any kind of visible yield that they will do the craziest things. They’re now chasing €3 billion of 50-year bonds that the French government placed today. The yield? 1.916%.
These 50-year bonds are bought by institutional investors who, in normal times, would have been institutionalized.
Read More
Among the goodies: “reverse Yankee” landmines.
When a central bank like the ECB imposes negative interest rates along with QE on its bailiwick, funny things start to happen.
Investors become so eager to get any kind of visible yield that they will do the craziest things. They’re now chasing €3 billion of 50-year bonds that the French government placed today. The yield? 1.916%.
These 50-year bonds are bought by institutional investors who, in normal times, would have been institutionalized.
Read More
/
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tZWW275olq0md4QX28pmXqNPo3TAT37FOZjxTQTXB2WHG0s47Tr-gNSUu20cbsVB72n_XQXIGXIBrQ3Nn1epyoTrZOo9j6npGokvbJt69FBX6pVuUsKEjLZie_tQ0Lu5fK3Q=s0-d)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_u_VekN2G3pPe2NnjyeIuGPeVmyozDZhE53GKVBGul6O5_RNG1mpuCS-Gyc8gYWk-D619zW6LDGl36jlhbNKMeRM868eTR59Gjce73HEiNEh5Kudzy7Uuw1DzEnjQLPjOR8OZEI=s0-d)
No comments:
Post a Comment