Submitted by Tyler Durden on 04/09/2016 - 13:10
Over time, Bubble Economies become increasingly vulnerable to economic stagnation, Credit degradation and asset price busts. Bubbles are fueled by Credit excesses that distort risk perceptions and resource allocation. Credit and asset price inflation will incentivize speculation, another key dynamic ensuring misallocation and malinvestment. In the end, Bubbles redistribute and destroy wealth. Major Bubbles will tear at the threads of society.
Stunning Clip Reveals Why You Shouldn't Trust Anything You See On Television
Submitted by Tyler Durden on 04/09/2016 - 13:54
"The Greater Depression Has Started" - Comparing 1930s & Today
Submitted by Tyler Durden on 04/08/2016 - 20:05 The Greater Depression has started. Most people don't know it because they can neither confront the thought nor understand the differences between this one and the last. As a climax approaches, many of the things that you've built your life around in the past are going to change and change radically.
from Huffington Post:
As many as 1 million unemployed Americans are getting kicked off food stamps this year thanks to the welfare reform law Bill Clinton signed in 1996.
States are in the process of imposing a three-month time limit on benefits for working-age adults who don’t have children or jobs. Tens of thousands of Americans in nearly two dozen states reached the limit at the beginning of the month.
“These totally unnecessary cuts would increase demand on the nation’s charitable food system at a time when food banks and other hunger-relief groups are stretched to meet sustained high need,” Diana Aviv, CEO of Feeding America, a national nonprofit that supports food banks, said Friday.
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As many as 1 million unemployed Americans are getting kicked off food stamps this year thanks to the welfare reform law Bill Clinton signed in 1996.
States are in the process of imposing a three-month time limit on benefits for working-age adults who don’t have children or jobs. Tens of thousands of Americans in nearly two dozen states reached the limit at the beginning of the month.
“These totally unnecessary cuts would increase demand on the nation’s charitable food system at a time when food banks and other hunger-relief groups are stretched to meet sustained high need,” Diana Aviv, CEO of Feeding America, a national nonprofit that supports food banks, said Friday.
Read More
U.S. Government Reveals 3,000 Ton Delivery Of Weapons To Al-Qaeda-Linked Syrian Rebels
Submitted by Tyler Durden on 04/09/2016 - 12:32 The United States via its Central Intelligence Agency is still delivering thousands of tons of additional weapons to al-Qaeda and others in Syria. The British military information service Janes found the transport solicitation for the shipment on the U.S. government website FedBizOps.gov. Janes writes: "The FBO has released two solicitations in recent months looking for shipping companies to transport explosive material from Eastern Europe to the Jordanian port of Aqaba on behalf of the US Navy's Military Sealift Command."
Obama Administration Doesn’t Care Anymore, Releases Fast And Furious Documents
Submitted by Tyler Durden on 04/09/2016 - 11:49 After four long years of ensuring the detail behind the US Government’s role in running guns to Mexico (aka "Fast and Furious") never saw the light of day, the "most transparent administration in history" has finally released the requested documents to the House Oversight Committee. It is not lost on anyone that this is taking place well after it could do any significant damage to the Obama administration.
French Riot Police In Tense Standoff Against Massive Labor Reform Protest: Live Webcast
Submitted by Tyler Durden on 04/09/2016 - 11:07 The situation in Paris is tense, with occasional moments of violence, as riot police lob tear gas at labor unions and students protesting French labor reform who are currently caught in a Standoff. The scenes are eerily comparable to those seen in Greece's Syntagma square during the heights of the Greek crisis.
Wells Fargo "Admits Deceiving" U.S. Government, Pays Record $1.2 Billion Settlement
Submitted by Tyler Durden on 04/09/2016 - 10:31 Nearly a decade since the housing bubble burst the dirty skeletons still emerge from the closet, and still nobody goes to jail. In the latest example of how criminal Wall Street behavior leads to zero prison time and just more slaps on the wrist, overnight Warren Buffett's favorite bank, Wells Fargo, admitted to "deceiving" the U.S. government into insuring thousands of risky mortgages. Its "punishment" - a $1.2 billion settlement of a U.S. Department of Justice lawsuit, the highest ever levied in a housing-related matter.
These 2 Charts Show The Next Recession Will Blow Out The US Budget
Submitted by Tyler Durden on 04/09/2016 - 09:35 Only during the halcyon economic days of the 1960s have we seen a longer recovery; but that record, too, will be eclipsed sometime in 2019—if we don’t see a recession first. And note that we were growing at well over 3% in the 1960s, not the anemic 2% we have averaged during this recovery and certainly not the positively puny 1.5% we have endured lately. Global growth is slowing down. Given the limited number of arrows left in the Federal Reserve’s monetary policy quiver, the US is going to have a difficult time dealing with the fallout from a recession. Even worse, a number of factors are coming together that will require serious crisis management.
Live Feed: Protesters Demand David Cameron Resignation Following Panama Leaks
Submitted by Tyler Durden on 04/09/2016 - 08:38 Starting at noon local time, protesters have been gathering in front of UK Prime Minister David Cameron’s 10 Downing Street residence in London to call for his resignation. The demonstration has been called as a consequence of Panama Papers leak, which involves Cameron’s family and earnings. According to the organizers, the protest will end only after he resigns.
For Albert Edwards, This Is The "One Failsafe Indicator" Of An Inevitable Recession
Submitted by Tyler Durden on 04/08/2016 - 22:49 Despite risk assets enjoying a few weeks in the sun our failsafe recession indicator has stopped flashing amber and turned to red. Newly released US whole economy profits data show a gut wrenching slump. Whole economy profits never normally fall this deeply without a recession unfolding. Historically all recessions are effectively caused by slumps in business investment driven by a profits downturn.
1956: "America Peaked Back Then And We've Been In Decline Ever Since"
Submitted by Tyler Durden on 04/08/2016 - 22:20 How far we have fallen! The American Dream used to be attainable to all who worked hard, and freedom was still a tangible thing that many experienced. People used common sense and wisdom from experience to make it through life. Today, most people are dumbed-down consumers who only know what they have been told through the television, unable to think independently even if they tried.
BofA Notices Something Troubling: China's Debt Bubble Has Burst
Submitted by Tyler Durden on 04/08/2016 - 21:28 We have noticed a sharp jump since mid-2015 in the total value of reported defaults of shadow banking products, defined here as non-bank-loan debt instruments that include bonds, trusts, and credit products offered by peer-to-peer (P2P) and various offline wealth management companies (WMCs).... The question is whether the government is closing the stable door after the horse has bolted. We suspect that the answer is yes.
from The Phaser:
From CIA drug running in Mena Arkansas under Bill’s watch, to turning the IRS into a Gestapo as noted in the top 20 Hillary Clinton scandals by World Net Daily, Hillary Clinton’s list of crimes is as stunning as it is long.
Here’s just a small taste: Covering up for Bill’s escapades (and rapes), looting the White House, her strange and allegedly sexual relationship with Mulim Brotherhood Princess Huma Abedin, Vince Foster’s death which appears to have been a murder, her use of a private server involving classified documents as Secretary of State, Chinagate, Travelgate, Whitewater, the Clinton body count, the Bengahzi massacre & coverup, her allegiance to radical Saul Alinsky, the Clinton Foundation scandals, and multi-million dollar bribes for speeches to criminal Wall Street banks like Goldman Sachs — it’s quantifiable proof that Hillary Rodham Clinton is a hardcore globalist criminal and sadly, HALF of the American population doesn’t care. They STILL want her in the White House. THIS is a country eating itself alive from within.
Read More & WATCH THE VIDEO @ ThePhaser.com
From CIA drug running in Mena Arkansas under Bill’s watch, to turning the IRS into a Gestapo as noted in the top 20 Hillary Clinton scandals by World Net Daily, Hillary Clinton’s list of crimes is as stunning as it is long.Here’s just a small taste: Covering up for Bill’s escapades (and rapes), looting the White House, her strange and allegedly sexual relationship with Mulim Brotherhood Princess Huma Abedin, Vince Foster’s death which appears to have been a murder, her use of a private server involving classified documents as Secretary of State, Chinagate, Travelgate, Whitewater, the Clinton body count, the Bengahzi massacre & coverup, her allegiance to radical Saul Alinsky, the Clinton Foundation scandals, and multi-million dollar bribes for speeches to criminal Wall Street banks like Goldman Sachs — it’s quantifiable proof that Hillary Rodham Clinton is a hardcore globalist criminal and sadly, HALF of the American population doesn’t care. They STILL want her in the White House. THIS is a country eating itself alive from within.
Read More & WATCH THE VIDEO @ ThePhaser.com
by Michael Noonan, Edge Trader Plus:
The ongoing draining of gold from West to East is not a sign of deteriorating viability of the globalists and their takeover/total control of the world. The Game remains the same, the controlling elites remain the same, it is only the players that are changing: China, Russia, replacing US, UK/EU.
Take Putin, aka Russia, for example. He has had a long-term association with Heinz [Henry] Kissinger, a higher-tiered “gofer” for the global elites. They met again in early February, when Putin welcomed globalist-NWO-agenda-pusher Kissinger as an “old friend, “ referring to him as a “world class politician.” Putin embracing a globalist is no accident.
Read More
The ongoing draining of gold from West to East is not a sign of deteriorating viability of the globalists and their takeover/total control of the world. The Game remains the same, the controlling elites remain the same, it is only the players that are changing: China, Russia, replacing US, UK/EU.
Take Putin, aka Russia, for example. He has had a long-term association with Heinz [Henry] Kissinger, a higher-tiered “gofer” for the global elites. They met again in early February, when Putin welcomed globalist-NWO-agenda-pusher Kissinger as an “old friend, “ referring to him as a “world class politician.” Putin embracing a globalist is no accident.
Read More
from The Sleuth Journal:
Liberating Palmyra was a major achievement – likely facilitating others ahead, opening the way to purging ISIS from Raqqa, its main Syrian stronghold.
At the same time, two weeks of so-called peace talks accomplished nothing, intractable differences preventing resolving conflict diplomatically at this time.
Assad remains hopeful, calling Syrian military successes vital for eventual peace. Western and regional nations against its sovereign independence want him and his government ousted.
They’re “counting on our defeat on the battlefield in order to impose their conditions at the negotiations,” he said.
Read More
Liberating Palmyra was a major achievement – likely facilitating others ahead, opening the way to purging ISIS from Raqqa, its main Syrian stronghold.
At the same time, two weeks of so-called peace talks accomplished nothing, intractable differences preventing resolving conflict diplomatically at this time.
Assad remains hopeful, calling Syrian military successes vital for eventual peace. Western and regional nations against its sovereign independence want him and his government ousted.
They’re “counting on our defeat on the battlefield in order to impose their conditions at the negotiations,” he said.
Read More
from Washington’s Blog:
NATO is the anti-Russia military club of nations, even after the communist Soviet Union and its military club against the U.S., the Warsaw Pact, ended in 1991 — NATO didn’t reciprocate that by ending itself, as it should have done (and would have done if the U.S. President at the time, George Herbert Walker Bush, had had any basic decency; instead, he said in private, “To hell with that; we won, they didn’t!” but he continued telling Gorbachev that NATO wouldn’t move “one inch to the east” — which promise he was planning to violate, and which his successors have been violating).
With the Soviet Union and its Warsaw Pact gone, NATO’s claimed raison d’etre was also gone, but NATO shamelessly continued on, and it even has expanded right up to Russia’s borders (just try to imagine what John Fitzgerald Kennedy would have thought if it hadn’t been Soviet nuclear missiles merely in Cuba in 1962, but all surrounding the U.S. — and that’s the situation today but reversed: today’s Russia is in the situation of 1962’s U.S., but even more so, though NATO has the audacity to accuse Russia of ‘aggression’ for, essentially, defending itself from NATO — from the enemies that are increasingly surrounding it!). (Yes, what America has been doing, really, is that bad.)
Read More
NATO is the anti-Russia military club of nations, even after the communist Soviet Union and its military club against the U.S., the Warsaw Pact, ended in 1991 — NATO didn’t reciprocate that by ending itself, as it should have done (and would have done if the U.S. President at the time, George Herbert Walker Bush, had had any basic decency; instead, he said in private, “To hell with that; we won, they didn’t!” but he continued telling Gorbachev that NATO wouldn’t move “one inch to the east” — which promise he was planning to violate, and which his successors have been violating).
With the Soviet Union and its Warsaw Pact gone, NATO’s claimed raison d’etre was also gone, but NATO shamelessly continued on, and it even has expanded right up to Russia’s borders (just try to imagine what John Fitzgerald Kennedy would have thought if it hadn’t been Soviet nuclear missiles merely in Cuba in 1962, but all surrounding the U.S. — and that’s the situation today but reversed: today’s Russia is in the situation of 1962’s U.S., but even more so, though NATO has the audacity to accuse Russia of ‘aggression’ for, essentially, defending itself from NATO — from the enemies that are increasingly surrounding it!). (Yes, what America has been doing, really, is that bad.)
Read More
from Wolf Street:
Atlanta Fed’s GDPNow Forecast Chills any leftover Q1 Optimism
In a very unpleasant and totally unnecessary move, the Census Bureau reported this morning that February sales by wholesalers, adjusted for seasonal variations and trading day differences, but not price changes, dropped 3.1% year over year to $427.6 billion.
This sales decline is largely in line with the overall sales decline among US businesses since late 2014. And businesses are finally taking the sales slump seriously and have begun whittling down their inventories. This has hit the Atlanta Fed’s GDPNow forecasts for the first quarter.
Read More
Atlanta Fed’s GDPNow Forecast Chills any leftover Q1 Optimism
In a very unpleasant and totally unnecessary move, the Census Bureau reported this morning that February sales by wholesalers, adjusted for seasonal variations and trading day differences, but not price changes, dropped 3.1% year over year to $427.6 billion.
This sales decline is largely in line with the overall sales decline among US businesses since late 2014. And businesses are finally taking the sales slump seriously and have begun whittling down their inventories. This has hit the Atlanta Fed’s GDPNow forecasts for the first quarter.
Read More
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