"This Will All Blow Up In The Fed's Face," Schiff Warns "Trump's Right, America Is Broke"

Submitted by Tyler Durden on 04/17/2016 - 20:10
"The trigger that's going to really send us into a higher gear is going to be the admission by the Fed that the economy is weak or the markets figure it out on their own. There's not a lot of stimulus left, all they've got is potentially negative rates and a huge round of quantitative easing, and this thing is going to blow up in the Fed's face."

Saudi King And Princes Blackmail The U.S. Government: What Happens Next

Submitted by Tyler Durden on 04/17/2016 - 20:30 “Saudi Arabia appears to be blackmailing the US, saying it would sell off American assets worth a 12-digit figure sum in dollars if Congress passes a bill allowing the Saudi Government to be held responsible for the 9/11 terrorist attacks.” To say that this threat from the Sauds is just “another sign of the escalating tensions between Saudi Arabia and the United States” seems like saying that a neighbor’s threat to bomb your house would constitute just “another sign of escalating tensions” between you and your neighbor.

The Real Reason Hillary Clinton Refuses To Release Her Wall Street Transcripts

Submitted by Tyler Durden on 04/17/2016 - 22:30 "It was pretty glowing about us... It’s so far from what she sounds like as a candidate now. It was like a rah-rah speech. She sounded more like a Goldman Sachs managing director."

What If Nobody Showed Up To Vote?

Submitted by Tyler Durden on 04/17/2016 - 22:10 On election day, if fewer people lined up dutifully to choose between aspiring elective emperors, and more people assembled defiantly to decry the empire itself, peace would have much better prospects.

Visualizing The History Of Credit Cards

Submitted by Tyler Durden on 04/17/2016 - 21:40 While it may seem today that credit is impersonal and calculated, credit was once a privilege built around personal trust and long-lasting relationships. Today, 80% of U.S. households own multiple cards, and they account for just under $1 trillion of consumer debt...

What Is The Worst-Case Outcome Of Helicopter Money: Deutsche Bank Explains

Submitted by Tyler Durden on 04/17/2016 - 21:08 "A “successful” helicopter drop may therefore be easier said than done given the non-linearities involved: it needs to be big enough for nominal growth expectations to shift higher and small enough to prevent an irreversible dis-anchoring of inflation expectations above the central bank’s target. Either way, the behavior of the latter is the key defining variable both for the policy’s success as well as the asset market reaction.... under the assumption of policy “success” without fears of hyperinflation, we would conclude that bond yields rise."

Rousseff Party Admits Impeachment Vote Is Lost; Brazil ETF Surges

Submitted by Tyler Durden on 04/17/2016 - 20:59 While the official voting process continues and still about another 40 or so votes are needed before the formal threshold to impeach Dilma Rousseff of 342 is crossed, moments ago the leader of Rousseff's lower house party, Gumaraes, threw in the towel and admitted the vote is lost.

Absurdity: When The Con Believes The Con

Submitted by Tyler Durden on 04/17/2016 - 20:40 There are many infamous con games that have been foisted upon the public for millennia. As with any con game the perpetrator knows it’s all a con. In other words, “Duh!” Yet, if you listen closely to both past as well as present Fed. members you can’t help but notice by way of their current arguments, as well as, proposals for future monetary policy. The one’s who’ve truly bought into “the con” is: themselves!

Goldman On Doha: "Bearish For Prices ", Expect "High Price Volatility"; Saudi Oil Production May Jump

Submitted by Tyler Durden on 04/17/2016 - 19:35 "we view this outcome as bearish for oil prices given consensus expectations for a “soft guidance” freeze at January production levels"... "We therefore view risks to our Saudi forecast as skewed to the upside: it is at the guidance provided by the deputy crown prince in his latest interview with Bloomberg this week, with such volumes presented as contingent on a deal to freeze production being reached."

Standing At The Crossroads

Submitted by Tyler Durden on 04/17/2016 - 19:20 The market is standing at the proverbial “crossroads” of bull and bear. From a “fundamental” perspective there is not much good news. The past week we saw numerous companies beating extremely beaten down estimates. However, while JPM and C got a boost to their stock price, the actual earnings, revenue and profits trends were clearly negative. But that is the new normal. We live in an environment where Central Banking has taken control of financial markets by leaving investors “no option” for a return on cash. Therefore, the “hope” remains that asset prices can remain detached from underlying fundamentals long enough for them to catch up.

Adam Parker Blows Up At Fake Contrarians Who "Only Care About Price"

Submitted by Tyler Durden on 04/17/2016 - 18:47 The main questions investors ask us today seem to be about the exterior appearance of the market and not fundamentals. “What is this price action telling you?” “What are other investors asking you about?” “How are other people positioned?” Or, “what’s the current sentiment?” They start by saying “I’m a contrarian investor by nature” and then go on to say the same thing about their view that we have heard in several previous meetings. Romanticizing that you are a contrarian when you are indistinguishable from consensus can’t be good... They are looking at the price, or external appearance, in making their forecasts and not the fundamentals.

Yes, the Dollar Should Be Backed by Gold…

Bill Bonner, via, Casey Research:
“What if you were appointed to head the Fed? In your first week on the job, what would you do?”
The question was not exactly serious. Neither was the answer.
“We’d call in sick.”
Drying Winds, Hungry Cattle
We are on our way to the family ranch in northwestern Argentina. We’ll spend a couple of days in Buenos Aires…then fly up to Salta.
From there, it’s a six-hour drive, up and over the mountains, on dirt roads—stopping by a cattle ranch to inspect some of our animals—until we finally reach la sala, our ranch headquarters.
It’s been a hard year in the mountains.
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NATO Causes Refugees, Then Uses Them as Excuse for More Invasions

from Hang The Bankers:
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).
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Silver stars

by Alasdair Macleod, Gold Money:

The gold price rose strongly on Monday and Tuesday, before drifting lower on Wednesday and Thursday.
In early European trading this morning, gold opened slightly stronger at $1230, up $2. Silver was the star performer this week, rising strongly to correct this year’s underperformance, as shown in our headline chart, and it broadly held its ground while gold lost about $30 from this week’s highs.
Silver’s strength in recent days is an illustration of how the mixture of regulated futures, forwards, and over-the-counter instruments creates analytical difficulties. The only reliable trading figures we have are from the CFTC’s Commitment of Traders Reports, issued after a delay of three days.
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China – Peddling Economic Fiction

by Rory, The Daily Coin:

Jeff Brown, China Rising, who has been the eyes and ears of China for Shadow of Truth for close to a year, was recently discussing the new Shanghai Gold Exchange Physical Future’s Market along with some economic news. During the conversation we were given a glimpse of what is actually happening in China in light of all the truly terrible economic news the mainstream corporate media continually spews across the airwaves. As one may suspect the gap between what is reported and the true reality of China’s economy is vast.
We are constantly reminded how well the U.S. economy is doing and how the “recovery” is on track. Mr. Obama went so far as to say that “Anyone claiming that America’s economy is in decline is peddling fiction.”
Continue reading China – Peddling Economic Fiction

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