This Is What Happens Behind Closed Doors When U.S. Presidents Meet With Fed Chairs

Submitted by Tyler Durden on 04/11/2016 - 14:42 ... in 1965, President Lyndon B. Johnson, who wanted cheap credit to finance the Vietnam War and his Great Society, summoned Fed chairman William McChesney Martin to his Texas ranch. There, after asking other officials to leave the room, Johnson reportedly shoved Martin against the wall as he demanding that the Fed once again hold down interest rates. Martin caved, the Fed printed money, and inflation kept climbing until the early 1980s.

"The Bernank": "Helicopter Money May Be The Best Available Alternative"

Submitted by Tyler Durden on 04/11/2016 - 13:26 "Money-financed fiscal programs (MFFPs), known colloquially as helicopter drops, are very unlikely to be needed in the United States in the foreseeable future. They also present a number of practical challenges of implementation, including integrating them into operational monetary frameworks and assuring appropriate governance and coordination between the legislature and the central bank. However, under certain extreme circumstances—sharply deficient aggregate demand, exhausted monetary policy, and unwillingness of the legislature to use debt-financed fiscal policies—such programs may be the best available alternative."

What The Charts Say: 15 "Risks" To The Recent Rally

Submitted by Tyler Durden on 04/11/2016 - 14:55 The stock surge from February is at risk, warns BofAML's Stephen Suttmeier as a plethora of bearish divergences could cap further gains from here. 2044-2022 are key nearby S&P 500 support for April, but a loss of 2022 is required to break the last higher low from 3/24 and suggest a deeper decline for the S&P 500. The following 15 risk-factors - from VIX term structure steepness to Dow Theory Sell signals - all point to a retest of the recent 1810-1820 lows.

"This Is Where The Good News Ends" - JPM Says All Margin Subcomponents Are Rolling Over

Submitted by Tyler Durden on 04/11/2016 - 15:16 In the past 60 years, there has never been a recession starting before the peak in profit margins. However, once margins have peaked, the likelihood of a downturn increases materially... We believe that the rollover in profit margins will be a constraint for equities, as profits have tended to drive most economic variables, capex and employment in particular. It will also likely have negative implications for corporate activity, especially as M&A, buybacks and dividends are at cycle highs, and US financing conditions are deteriorating.

Panama is Small Change: The Dark Conspiracy is the US GOVERNMENT

from The Burning Platform:
There is a conspiracy engaging in theft, counterfeiting, fraud, extortion, blackmail, bribery, influence peddling, drugs, terrorism, and war that makes the Panama Papers’ exposures look like a small-town police blotter account of juvenile shoplifting. This criminal enterprise launders trillions, not billions, of dollars; it involves major political, business, financial, academic, and media figures in the US and around the globe, and it has perpetrated its crimes far longer than Mossack Fonseca’s clients’ have hid their money and illicit activities.
The dark conspiracy is the US Government. It takes over $3 TRILLION a year in taxes. Anyone who refuses to pay is sent to jail. Stealing one dollar out of every six the US economy produces is insufficient for its purposes, so it borrows anywhere from $500 billion to over $1 trillion a year.
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FORMER HOUSE SPEAKER DENNIS HASTERT WON’T BE CHARGED FOR MOLESTING 4 BOYS

by Joshua Krause, The Daily Sheeple:

Isn’t it interesting how politicians are so frequently caught with their pants down (sometimes literally) doing or approving of unspeakable acts? There’s doubt about it, positions of power have a tendency to attract the worst human beings, or inspire the worst behaviors in otherwise good people. Dennis Hastert would certainly fall under the former of those two categories.
The former congressman from Illinois was the longest running Republican Speaker of the House until he was unseated by Nancy Pelosi in 2007. However, his crimes go way back to before his political career. Last year he pleaded guilty to financial crimes, which led prosecutors towards a paper trail of payoffs.
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"The Problems Are Unfixable"

Submitted by Tyler Durden on 04/11/2016 - 13:47 "...And that is how Kim Kardashian gets elected president."

Wearing An 'Anonymous' Mask In America Can Get You Arrested

Submitted by Tyler Durden on 04/11/2016 - 14:27 "You promised us if we were silent you wouldn’t remove us...We the people of the United States are tired of this stuff..."

Obama Reveals What He Will Discuss With Janet Yellen

Submitted by Tyler Durden on 04/11/2016 - 14:00 Just after today's emergency meeting at the Fed, which has presumably concluded by now, as we first reported last night Obama was set to meet with the "independent" Federal Reserve chair. Moments ago the White House explained this was to allow the two to "exchange notes" and talk about the state of the US economy. Most crucially, Obama said he "was pleased with the way Yellen had fulfilled her job."

Here Is The "Front Page" The Boston Globe Should Have Used

Submitted by Tyler Durden on 04/11/2016 - 13:22

Biden Proclaims Ukraine's "Success" As Prime Minister Resigns Over "Artificially Created" Crisis

Submitted by Tyler Durden on 04/11/2016 - 13:07 When the going gets tough for politicians, the politicians do what they do best: Declare success smack in the face of a resounding defeat.

Chesapeake Forced To Pledge Entire Company As Collateral To Preserve Existing Credit Facility

Submitted by Tyler Durden on 04/11/2016 - 12:45 Today the stock of CHK is surging following the good news that contrary to some expectations, it did not lose access to its $4 billion line of credit. However, that came at a cost: to preserve its full $4 billion availability, Chesapeake was forced to pledge almost all of its natural gas fields, real estate and derivatives contracts. In addition to most of its gas and oil reserves, Chesapeake pledged as collateral all hedge contracts, property, deposit accounts and securities, subject to certain undisclosed carve-outs, according to the regulatory filing. In other words, the entire company.

Silver Surges Most In 6 Months As Hedgers Cover

Submitted by Tyler Durden on 04/11/2016 - 12:38 The last 3 days have seen silver prices surge over 6%, testing back towards the psychologically important $16 level. Having been pressured lower after the ECB bounce, the precious metal jumped perfectly off its critical 200-day moving-average, nearing the highs of the year once again.

Earnings Implosion Looms Amid The Illusion Of "Permanent Liquidity"

Submitted by Tyler Durden on 04/11/2016 - 12:26 The problem with forward earnings estimates is that they consistently overestimate reality by roughly 33% historically. The illusion of“permanent liquidity,” and the belief of sustained economic growth, despite slowing in China, Japan, and the Eurozone, has emboldened analysts to continue push estimates of corporate profit growth higher. Even now, as the earnings recession deepens, hopes of a sharp rebound in profitability remains ebullient despite the lack of any signs of economic re-acceleration.

Sweden Overwhelmed By 'Gypsies' As "Begging Has Become An Occupation"

Submitted by Tyler Durden on 04/11/2016 - 11:44 While Sweden's seemingly self-imposed refugee crisis continues to roil the nation's population, it appears a different and potentially just as problematic social unrest looms. As Gatestone reports, for the last few years, immigration-welcoming Sweden has been overwhelmed with Roma beggars from Romania and Bulgaria who have turned "panhandling into an occupation."

Supply Chain Slump "Worse Than The Great Recession"

Submitted by Tyler Durden on 04/11/2016 - 11:38

ECB Scrambles To Calm A Furious Germany: "Helicopter Money Was The Straw That Broke The Camel's Back"

Submitted by Tyler Durden on 04/11/2016 - 11:27 Just hours after Spiegel penned its infamous "Germany is taking aim at the ECB" article, Schauble went on the record to deny that the Geran finmin would consider taking legal action if the European Central Bank resorts to "helicopter money" but the damage was already done. As Reuters follows up today, "almost a month after stoking a divisive debate about how far it should go in pumping money into the flagging euro zone economy, the European Central Bank is trying to soothe relations with Germany after unusually strong criticism from Berlin."

Goldman Slammed With $5.1 Billion Fine For "Serious Misconduct" In Mortgage Selling

Submitted by Tyler Durden on 04/11/2016 - 11:13 Hot on the heels of Wells Fargo's $1.2 billion settlement, Bloomberg reports that Goldman Sachs will pay $5.1 billion to settle a U.S. probe into its handling of mortgage-backed securities involving allegations that loans weren’t properly vetted before being sold to investors as high-quality bonds. “This resolution holds Goldman Sachs accountable for its serious misconduct in falsely assuring investors that securities it sold were backed by sound mortgages, when it knew that they were full of mortgages that were likely to fail,” said Acting Associate Attorney General Stuart Delery.

Japan Desperately Needs a Stronger Dollar, China Desperately Wants a Weaker Dollar: The Fed Can’t Please Both

by Charles Hugh Smith, Of Two Minds:

The FX market is about to blow up in the Fed’s face, and there’s nothing they can do about it.
Foreign exchange (FX) is a zero-sum game: if one currency weakens, another must strengthen. Since the value of a currency is relative to other currencies, all currencies can’t weaken together: at least one currency must strengthen as others weaken.
That one strengthening currency has been the U.S. dollar (USD) since mid-2014. The USD has strengthened by 20%, while the Japanese yen and the euro weakened by 20%. Many developing-economy currencies (rand, peso, real, etc.) have fallen off a cliff, suffering 40% to 50% (or even more) declines against the U.S. dollar.
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Today’s Invasion of Colorado by Agenda 21, Is Your State’s Future Tomorrow

by Dave Hodges, The Common Sense Show:

Whether you call it Agenda 21 or Agenda 2030, it is the same thing. It is the insidious invasion of the body snatchers that will overthrow all individual liberty and destroy any remnants of American culture predicated on individual choice.
Colorado Leads the Way In Agenda 21 Impementation
The Koch brothers, Pat Stryker, Governor Hickenlooper and many of the Colorado Front Range mayors are all spearheading a movement to enslave the people of Colorado under the dictates of the United Nations created and inspired Agenda 21. Colorado, along with a 15 county area in Northern California and Southern Oregon comprise the beta test for Agenda 21 control over our most precious resources, namely, our water and our farmland.
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Trump Erupts as Cruz Sweeps Colorado WITHOUT VOTES!!

from WND:
Republican presidential front-runner Donald Trump erupted on “Fox & Friends” Monday morning after a weekend that saw Sen. Ted Cruz of Texas sweep all of Colorado’s 34 delegates without any votes being cast by citizens in a traditional primary process.
“I’ve gotten millions … of more votes than [Sen. Ted] Cruz, and I’ve gotten hundreds of delegates more, and we keep fighting, fighting, fighting, and then you have a Colorado where they just get all of these delegates, and it’s not [even] a system,” Trump said, during the Fox News broadcast. “There was no voting. I didn’t go out there to make a speech or anything. There’s no voting.”
His comments came after Cruz won the remaining 13 delegates at the weekend’s convention, bringing his total for the state to 34, an outcome he described as unfair and just shy of illegal.
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Economic Collapse Is Erupting All Over The Planet As Global Leaders Begin To Panic

by Michael Snyder, The Economic Collapse Blog:

Mainstream news outlets are already starting to use the phrase “economic collapse” to describe what is going on in some areas of our world right now.  For many Americans this may seem a bit strange, but the truth is that the worldwide economic slowdown that began during the second half of last year is starting to get a lot worse.  In this article, we are going to examine evidence of this from South America, Europe, Asia and North America.  Once we are done, it should be obvious that there is absolutely no reason to be optimistic about the direction of the global economy right now.  The warnings of so many prominent experts are now becoming a reality, and what we have witnessed so far are just the early chapters of a crushing economic crisis that will affect every man, woman and child in the entire world.
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