Submitted by Tyler Durden on 05/11/2016 - 09:24
"Things are getting uglier here every day, I advise everyone with plans to visit Brazil for the Olympics in Rio — to stay home. You'll be putting your life at risk here. This is without even speaking about the state of public hospitals and all the Brazilian political mess. Only God can change the situation in our Brazil."
by Michael Snyder, The Economic Collapse Blog:
We have seen this story before, and it never ends well. From mid-March until early May 2008, a vigorous stock market rally convinced many investors that the market turmoil of late 2007 and early 2008 was over and that happy days were ahead for the U.S. economy. But of course we all know what happened. It turned out that the market downturns of late 2007 and early 2008 were just “foreshocks” of a much greater crash in late 2008. The market surge in the spring of 2008 was just a mirage, and it masked rapidly declining economic fundamentals. Well, the exact same thingis happening right now. The Dow rose another 222 points on Tuesday, but meanwhile virtually every number that we are getting is just screaming that the overall U.S. economy is steadily falling apart. So don’t be fooled by a rising stock market. Just like in the spring of 2008, all of the signs are pointing to an avalanche of bad economic news in the months ahead. The following are 11 signs that the U.S. economy is rapidly deteriorating…
Read More
We have seen this story before, and it never ends well. From mid-March until early May 2008, a vigorous stock market rally convinced many investors that the market turmoil of late 2007 and early 2008 was over and that happy days were ahead for the U.S. economy. But of course we all know what happened. It turned out that the market downturns of late 2007 and early 2008 were just “foreshocks” of a much greater crash in late 2008. The market surge in the spring of 2008 was just a mirage, and it masked rapidly declining economic fundamentals. Well, the exact same thingis happening right now. The Dow rose another 222 points on Tuesday, but meanwhile virtually every number that we are getting is just screaming that the overall U.S. economy is steadily falling apart. So don’t be fooled by a rising stock market. Just like in the spring of 2008, all of the signs are pointing to an avalanche of bad economic news in the months ahead. The following are 11 signs that the U.S. economy is rapidly deteriorating…
Read More
Dis-May In Europe: STOXX 600 Trades Like 2001 & 2008
Submitted by Tyler Durden on 05/11/2016 - 11:59
What Manipulation Does To The Free Market
Submitted by Tyler Durden on 05/11/2016 - 11:47 Had the federal government held a constant measuring stick rather than "tinkering, engineering, distorting" key government calculations such as the size of the economy (GDP), the rate of inflation, level of unemployment, or size of federal deficits and federal debt...the reality we face would be plain and honest choices needed. Instead, the responsibility of those working for "the people" has been breached via falsifying and distorting each of these (over decades). This consistently improves the output and does not allow a true means to quantify and qualify the nations health. Simply put, the government has continually tinkered, tampered, and distorted the accounting so as to mislead or create a falsely positive appearance.
Spain Sells 3x Oversubscribed 50-Year Bond
Submitted by Tyler Durden on 05/11/2016 - 11:31 Following a scramble by European nations to issue ultra long-dated government paper, which saw France and Belgium sell 50-year bonds last month, while Ireland and Belgium went all the way and issued century bonds, with even Switzerland locking in 42-year paper yesterday, moments ago Spain was the latest to extend maturities all the way to 2066 when it sold €3 billion in 50 year bonds at Midswaps+50. According to MarketNews, the issue was over 3 times oversubscribed with the orderbook closing at €10.5 billion.Do you still think your vote counts...Sheeplez...
by Claire Bernish, Activist Post:
A hacker in Florida exposed security vulnerabilities in one county’s
elections web domains so officials could fix the problem — but, instead,
he ended up behind bars.
Hacker, David Michael Levin, owner of Vanguard Cybersecurity, was arrested on Wednesday after the Florida Department of Law Enforcement received a referral from the Lee County Sheriff’s Office after his apparently misguided attempt to help prevent election fraud by pointing out online vulnerabilities.
After spending six hours in jail, where he was held on $15,000 bond, Levin now faces three counts of gaining unauthorized access to a computer, network, or electronic instrument — despite the fact he had not only been doing his job, but also alerted the county to a potentially serious security concern.
Read More
A hacker in Florida exposed security vulnerabilities in one county’s
elections web domains so officials could fix the problem — but, instead,
he ended up behind bars.Hacker, David Michael Levin, owner of Vanguard Cybersecurity, was arrested on Wednesday after the Florida Department of Law Enforcement received a referral from the Lee County Sheriff’s Office after his apparently misguided attempt to help prevent election fraud by pointing out online vulnerabilities.
After spending six hours in jail, where he was held on $15,000 bond, Levin now faces three counts of gaining unauthorized access to a computer, network, or electronic instrument — despite the fact he had not only been doing his job, but also alerted the county to a potentially serious security concern.
Read More
In Dramatic Reversal, Trump Is Now Tied With Hillary In Latest National Poll
Submitted by Tyler Durden on 05/11/2016 - 11:14 When it comes to Donald Trump, the mainstream media has had a habit of being repeatedly wrong in its forecasts. Most recently, in the aftermath of Trump's effective victory in the GOP primaries, the conventional wisdom was that the real estate billionaire would "never" be able to catch up to Hillary's support at the national level. This too now appears to have been a mistake. According to the latest just released Reuters/Ipsos poll, Donald Trump's support has surged and he is now running about even with Democrat Hillary Clinton among likely U.S. voters, in what Reuters describes as "a dramatic turnaround since he became the Republican party's presumptive presidential nominee."
The Nuclear Arms Race Is Back: Russia Furious As US Launches European Ballistic Missile Shield
Submitted by Tyler Durden on 05/11/2016 - 10:55 The United States' European missile defense shield goes live on Thursday almost a decade after Washington proposed protecting NATO from Iranian rockets and despite Russian warnings that the West is threatening the peace in central Europe. As a result, Reuters notes that "Russia is incensed at such of show of force by its Cold War rival in formerly communist-ruled eastern Europe where it once held sway. Moscow says the U.S.-led alliance is trying to encircle it close to the strategically important Black Sea, home to a Russian naval fleet and where NATO is also considering increasing patrols."
Oil Spikes After DOE Reports Huge Inventory Draw, Production Drop
Submitted by Tyler Durden on 05/11/2016 - 10:39 Following Genscape and API's 1.4mm barrel build estimates at Cushing, DOE confirmed a 1.52mm build. However, API's 3.45mm build overnight was shockingly opposed by DOE's 3.41mm inventory draw - the 3rd biggest weekly draw of the year (as we suspect Canadian issues are impacting levels). Gasoline also saw an unexpected draw and Distillates drew down. Following last week's big production drop (Alaska), US crude production fell once again - for the 16th week in a row. This combination of a surprise draw and lower production shocked prices of WTI above $45.50
France Discusses Ban Of Imported U.S. Shale Gas
Submitted by Tyler Durden on 05/11/2016 - 10:16 After French media accuses government of hypocrisy, French Energy Minister Segolene Royal is discussing with French parliament a potential ban on the import of U.S. shale gas.
An Unexpected Supporter For Donald Trump Emerges
Submitted by Tyler Durden on 05/11/2016 - 09:55 Following yet another victory for Bernie Sanders last night in West Virginia, Hillary Clinton's race to The White House suffered another, perhaps more critical blow. As The Hill reports, nearly half of the voters in the West Virginia Democratic primary who backed Bernie Sanders say they would vote for Republican Donald Trump in the fall presidential election, according to exit polls reported by CBS News.
The Coming War Of Central Banks
Submitted by Tyler Durden on 05/11/2016 - 09:40 History has shifted, and we're leaving the era of central bank convergence and entering the era of central bank divergence, i.e. open conflict.
Paul Singer: "Gold Rally Just Starting" As JPM Predicts A New Gold Bull Market
Submitted by Tyler Durden on 05/11/2016 - 09:27 "If investors’ confidence in central bankers’ judgment continues to weaken, the effect on gold could be very powerful. We believe the March quarter’s price action could represent something closer to the beginning of such a move than to the end."
A Hint Of What's To Come? Joe Biden Says He "Would Have Been The Best President"
Submitted by Tyler Durden on 05/11/2016 - 09:13 In what was a veiled reminder that in a "worst case scenario" for Hillary Clinton, namely an affirmative outcome in the FBI's criminal inquiry into her email server which would surely terminate her presidential run, Obama may simply pivot to what many have speculated was always the democrats' Plan B, earlier today Vice President Joe Biden told "Good Morning America" that he "would have been the best president" if he had run, but that he made the right decision to sit out the race following his son’s death last year.
Italian Banks Are Crashing (Again) After Bad-Loan Writedowns Soar
Submitted by Tyler Durden on 05/11/2016 - 08:56 The share rebound triggered by the hasty creation last month of the fund intended to inject capital into weaker lenders and buy their bad loans proved short-lived. Banco Popolare is dragging the rest of the Italian banking system drastically lower today after a "susprise" Q1 loss driven by soaring bad loan writedowns. Banco Popolare is down 14% on the day (25% in a week) to a record low, as Reuters reports the bank was forced to admit the reality of its bad loans by the European Central Bank as a condition for approving a planned merger with Banca Popolare di Milano that will create Italy's third-biggest banking group."Wrong Way Gartman"...
Gartman: "We Have Suffered One Of Our Worst Days Of The Year"
Submitted by Tyler Durden on 05/11/2016 - 08:35 "Share prices have risen nearly universally higher as nine of the ten markets comprising our Internaitonal Index have risen, and only the market in Hong Kong has fallen, and even then it has fallen by the barest of margins. As a result, we have suffered one of our worst days of the year in our retirement funds, losing a bit more than 1% as we came into the markets with a modestly bearish point of view and were therefore modestly net short of the equity market."
Macy's Massacred After Slashing Outlook On "Uncertain Consumer" As Inventories Reach Record Highs
Submitted by Tyler Durden on 05/11/2016 - 08:14 The retailer apocalypse continues this morning with Macy's crashing almost 10% in the pre-market after missing top-line and slashing its outlook citing the "uncertain direction of consumer spending," which seems odd given the confidence with which The Fed, Obama, and every talking head proclaims the US consumer's health. Comp store sales plunged 6.1% (almost double expectations) and this comes at a time when clothing inventories are at an all-time record high relative to sales.
Queen Elizabeth Caught On Camera Describing Chinese Officials As "Very Rude"
Submitted by Tyler Durden on 05/11/2016 - 07:49 The latest indication that behind the fake smiles at official, top level summits big tensions linger between British officials and their Chinese counterparts emerged overnight when Britain's Queen Elizabeth II was overheard on camera describing Chinese officials as "very rude" during a conversation with a senior police officer at an event celebrating her 90th birthday. The monarch was recorded making the candid remark, which followed Xi Jinping's first state visit to the UK last October, as she was introduced to guests at Buckingham Palace on Tuesday.
by Mike Adams,, Natural News:
Big Pharma is terrified that you might discover a simple, powerful
truth: You can prevent, reverse and CURE serious disease yourself! Your
body is a powerful self-healing system, and your healing potential
doesn’t depend on doctors, drugs or surgery.
In my new podcast (see links below), I cover all this and more:
• What is Big Pharma terrified of?
Read More
Big Pharma is terrified that you might discover a simple, powerful
truth: You can prevent, reverse and CURE serious disease yourself! Your
body is a powerful self-healing system, and your healing potential
doesn’t depend on doctors, drugs or surgery.In my new podcast (see links below), I cover all this and more:
• What is Big Pharma terrified of?
Read More
by Brian Hunt, Casey Research, via Wolf Street:
“Negative interest rates” have become a phenomenon with economists and
the media. But I’m writing to tell you something about negative interest
rates you haven’t heard. You certainly won’t hear about it in the
mainstream press.
What’s coming at you is a historic event. It’s something our grandchildren will hear stories about, much like the Great Depression or the Cold War. It could send the price of gold much higher in the coming years.
If you know what’s coming, it could mean the difference between having lots of free cash in retirement and barely getting by. And please remember this warning: Social Security will help even less than you think.
Read More
“Negative interest rates” have become a phenomenon with economists and
the media. But I’m writing to tell you something about negative interest
rates you haven’t heard. You certainly won’t hear about it in the
mainstream press.What’s coming at you is a historic event. It’s something our grandchildren will hear stories about, much like the Great Depression or the Cold War. It could send the price of gold much higher in the coming years.
If you know what’s coming, it could mean the difference between having lots of free cash in retirement and barely getting by. And please remember this warning: Social Security will help even less than you think.
Read More
by Thomas D. Williams, Breitbart:
The immense popularity enjoyed by Pope Francis ever since his election
in 2013 has precipitated sharply during the past year, and he no longer
ranks among the top ten most admired men in the world, according to a
massive new study involving 31,000 interviews.
According to a study released this week by YouGov, an international market research firm based in the UK, from 2015 to 2016 the Pope experienced the most dramatic drop in popularity of any public figure, falling from sixth to 13th place.
Even in his native Argentina, the Pope was the fourth most popular man, behind the Dalai Lama, and Argentine soccer players Lionel Messi and Carlos Tevez.
Read More
The immense popularity enjoyed by Pope Francis ever since his election
in 2013 has precipitated sharply during the past year, and he no longer
ranks among the top ten most admired men in the world, according to a
massive new study involving 31,000 interviews.According to a study released this week by YouGov, an international market research firm based in the UK, from 2015 to 2016 the Pope experienced the most dramatic drop in popularity of any public figure, falling from sixth to 13th place.
Even in his native Argentina, the Pope was the fourth most popular man, behind the Dalai Lama, and Argentine soccer players Lionel Messi and Carlos Tevez.
Read More
from Liberty Blitzkrieg:
A Clinton
match-up is highly likely to be an unmitigated electoral disaster,
whereas a Sanders candidacy stands a far better chance. Every one of
Clinton’s (considerable) weaknesses plays to every one of Trump’s
strengths, whereas every one of Trump’s (few) weaknesses plays to every
one of Sanders’s strengths. From a purely pragmatic standpoint, running
Clinton against Trump is a disastrous, suicidal proposition.
– From February’s post: Why Hillary Clinton Cannot Beat Donald Trump
The latest Quinnipiac University Survey on the 2016 U.S. Presidential election is absolutely fascinating, and presents some very bad news for team Clinton, as well as all the clueless pundits who say Trump can’t win.
Read More…
A Clinton
match-up is highly likely to be an unmitigated electoral disaster,
whereas a Sanders candidacy stands a far better chance. Every one of
Clinton’s (considerable) weaknesses plays to every one of Trump’s
strengths, whereas every one of Trump’s (few) weaknesses plays to every
one of Sanders’s strengths. From a purely pragmatic standpoint, running
Clinton against Trump is a disastrous, suicidal proposition.– From February’s post: Why Hillary Clinton Cannot Beat Donald Trump
The latest Quinnipiac University Survey on the 2016 U.S. Presidential election is absolutely fascinating, and presents some very bad news for team Clinton, as well as all the clueless pundits who say Trump can’t win.
Read More…
/
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sJ4m13WUDgcJmmvSjDtLLrRR-a5r_B0ozSrRwNCa5qAKVWwTYss4NkAOKUP2xJB7kz2wLnuzwuIhCseLxLQqzSUfSfcRJ-l4fLs8T-2gHFtZFGUV_qvnvTmWQe4lJtf4sjvQ=s0-d)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vKryOhjZG3HLyvWmfFLOmYqW6IsnJJDA-ikMdpJoF2AQL0LVfKMq_6flC1hKWKFF0uVIG6rkRz36fV3gv1x2c7tlubvIBIrdUXbCazTHK9hz-F3PDyhO_WQQPNOberlKilfMwk=s0-d)
No comments:
Post a Comment