Was There A Run On The Bank? JPM Caps Some ATM Withdrawals

Submitted by Tyler Durden on 04/04/2016 - 20:14
Under the auspices of "protecting clients from criminal activity," JPMorgan Chase has decided to impose capital controls on . As WSJ reports, following the bank's ATM modification to enable $100-bills to be dispensed with no limit, some customers started pulling out tens of thousands of dollars at a time. This apparent bank run has prompted Jamie Dimon to cap ATM withdrawals at $1,000 per card daily for non-customers. Of course, we are sure this is just another 'storm in a teacup' as why would anyone complain about a bank withholding people's money when they are assuredly tax evaders, terrorists, drug dealers and human traffickers.

Mossack Fonseca Has 441 U.S. Clients: Who Are They?

Submitted by Tyler Durden on 04/04/2016 - 14:00

Turkey: The Business Of Refugee Smuggling & Sex Trafficking

Submitted by Tyler Durden on 04/04/2016 - 23:00 If these women and children knew what was possibly awaiting them in Turkey, they would never set foot in the country.

"This Is Gonna Hurt"

One way or another...

“Truth Bombs” Away!

by Bill Holter, JS Mineset:
I coined the phrase “Truth Bomb” well over a year ago to much skepticism it would or even could ever happen. As you may know by now, information was dropped in “truth bomb” fashion regarding the clientele of a Panamanian law firm, Mossack Fonseca . This information dump was collated by 100 international journalists.
When I first heard the news I thought “here it is, THE TRUTH BOMB”! After about 30 minutes or so and reading “who” was being exposed, I began to scratch my head. Noticeably absent from being named were any prominent Americans or Europeans with exception of David Cameron’s father and several Members of British Parliament. Then it dawned on me, this was sort of a “reverse truth bomb” where Putin, Xi and others were being discredited.
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CNBC's Steve Lies-man Makes A "Discovery": Americans Are Increasingly Angry And They Want Trump

Earlier today, CNBC's Steve Liesman made two very important, in fact "critical", if about one year overdue, discoveries. The first one was that Americans are angry.  The second discovery is that angry Americans largely support Trump over Hillary.

Vietnam War At 50 - Ron Paul Asks "Have We Learned Nothing?"

Submitted by Tyler Durden on 04/04/2016 - 21:30 "...tactical victories mean nothing when pursuing a strategic mistake." We’ve seemingly learned nothing.

Goldman Questions Rally, Fears Looming Event Risk Amid Record VIX Longs

Submitted by Tyler Durden on 04/04/2016 - 21:00 Volatility (VIX) is now at its lowest level since before the August sell-off last summer yet CS Fear Barometer remains elevated leaving the spread between the two options-market-based indicators is at its widest ever. With the VIX ETF complex accounting for a record 85% of the outstanding open interest in the VIX futures market, the tail and the dog are now wagging each other in increasingly unstable trends, as Goldman sums up, the options market seems to be questioning the quality of the rally and continues to price in more adverse outcomes.

Refugees Flooding Italy Surge 80%; Proposed Solution in Single Picture

Submitted by Tyler Durden on 04/04/2016 - 20:29 Italy’s Interior minister Angelino Alfano warns the refugee “system is at risk of collapse” following an 80 per cent spike in the number of arrivals to Italy across the central Mediterranean Sea in the first quarter of this year compared to 2015.  Alfano fears that Syrians headed for Turkey will inetead head for Libya for an even more hazardous Mediterranean Sea crossing to Italy.

Fed Sees Labor Market Worst Since 2009

Submitted by Tyler Durden on 04/04/2016 - 20:00 Cast your mind back to Friday - when payrolls confirmed everything for everyone and enabled more crowing from an establishment clinging to smoke and mirrors. It appears The Fed disagrees with the 'awesome' jobs market that BLS proposes as today's Labor Market Conditions Index continues to push to its weakest since 2009, drastically divergent from the seemingly all-impotrant non-farm payrolls data.

The Other Problem With Debt No One Is Talking About

Submitted by Tyler Durden on 04/04/2016 - 19:35 Nearly 7 years have elapsed since the official end of the Great Recession.  By now it’s painfully obvious the rising tide of economic recovery has failed to lift all boats.  In fact, many boats bottomed out on the rocks in early 2009 and have been taking on water ever since.

In Grotesque Irony Iran Warns Obama Not To Cross "Red Lines"

Submitted by Tyler Durden on 04/04/2016 - 19:08 Today the farce that is Obama's foreign policy was finally complete: in a statement by Iranian Deputy Chief of Staff Brig-Gen Maassoud Jazzayeri, Iran actually used Obama's infamous "red line" phrase... against the US president when "Iran warned the US on Monday that any attempt to encroach on the Islamic Republic's ballistic missile program would constitute the crossing of a "red line."

A Quarter Century Of Monetary Voodoo

Submitted by Tyler Durden on 04/04/2016 - 18:45 So far this year, Janet Yellen has not taken a single step in the direction of a “normal” monetary policy; our guess is that she never will. Why not? Is it because she is a witless tool of Deep State cronies? Is it because her economic theory is silly, superficial, and simpleminded? Or is it because she and her predecessor, Ben Bernanke, have done so much damage to the normal world that there is nothing to go back to?

Shocking Footage: Chicago Resident Gunned Down While Live-Streaming

Submitted by Tyler Durden on 04/04/2016 - 18:01 While we recently shown the statistics behind Chicago's record gun violence spree, nothing could prepared us for this jarring example of just how bad gun violence in Chicago truly is. The following graphic footage shows a Chicago resident gunned down Thursday while live-streaming the entire event on Facebook, as he stood on a street corner. The man falls to the ground as the suspect stands over him continuing to fire shots.

Allergan Implodes: Pfizer Deal In Jeopardy After Treasury Announces "Action To Curb Inversions, Earnings Stripping"

Submitted by Tyler Durden on 04/04/2016 - 17:59 "As if a million M&A arbs suddenly cried out in terror, and were suddenly silenced."

The Inevitable Failure Of The War On Cash

Submitted by Tyler Durden on 04/04/2016 - 17:55 The War on Cash may not end with such an extreme, but, just as with the Treaty of Versailles, will be stopped by the people of the world as a result of a monetary stricture that is simply too oppressive to be tolerated. This will by no means be a pleasant historical period to travel through.

Valeant Tumbles As Lenders Demand Two Pounds Of Flesh For Covenant Waivers

Submitted by Tyler Durden on 04/04/2016 - 17:34 Moments ago the market got a harsh reminder that Valeant is effectively negotiating default compliance with a group of banks who realize they are dealing with a company that has a $9 billion market cap and can thus ask for anything and management and shareholders have no choice but to say yes unless that $9 billion to quickly go to $0. According to Bloomberg, Valeant, just as predicted,  "is facing push back from some of its lenders as it seeks to waive a default and loosen restrictions on its debt, according to people with knowledge of the matter."

Buy Silver With Both Hands On This Manipulated Sell-Off

by Dave Kranzler, Investment Research Dynamics:

The monthly non-farm payroll report has become a fraud of epic proportions. The Government is claiming that 215k new jobs were created in March. In the goods producing category it claims that 37k jobs were created in construction. But there’s a problem with this – it doesn’t correlate with construction spending and housing starts:
Anyone who follows the housing market knows that for the last year that new housing starts – notwithstanding the conspicuous manipulation embedded in the Government’s reporting methodologies – have been largely driven by multi-family dwellings (big apartment buildings).
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What the Health Ranger declared 10 years ago is suddenly today’s medical breakthrough: Type-2 diabetes can be reversed with food choices alone

by J.D. Heyes, Natural News:
New research has “discovered” something that NaturalNews editor Mike Adams, the Health Ranger, has been recommending for a decade: that diet can control type 2 diabetes and even eliminate it.
As reported by the UK’s Daily Mail, apparently this truth is just now being “discovered” by researchers at Newcastle University. Researchers there say that a crash diet lasting only eight weeks can reverse the disease, and what’s more, even people who had diabetes for a decade watched it go away after sticking to the special two-month diet.
What’s more, six months after stopping the diet, participants in the clinical trial were still diabetes-free, which suggested that the condition had been completely reversed.
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Jobs Report Blues

from Paul Craig Roberts:

On Friday the Bureau of Labor Statistics reported that there were 215,000 new jobs in March.
John Williams of ShadowStats.com reports that these “new jobs” result from the the Birth-Death model that “artificially inflates headline month-to-month payroll gains with add-factors that currently average well in excess of 200,000 jobs per month.”
In other words, the jobs are the product of a model’s assumption that unreported new start-ups created 200,000 more jobs than unreported business failures lost.
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