For Stan Druckenmiller This Is "The Endgame" - His Full 'Apocalyptic' Presentation

Submitted by Tyler Durden on 05/07/2016 - 09:12
"The lack of progress and volatility in global equity markets the past year, which often precedes a major trend change, suggests that their risk/reward is negative without substantially lower prices and/or structural reform. Don’t hold your breath for the latter. While policymakers have no end game, markets do."
- Stanley Druckenmiller

Oil Shocker: Saudi Arabia Fires Powerful Oil Minister al-Naimi In Dramatic Power Reshuffle

Submitted by Tyler Durden on 05/07/2016 - 11:20 For oil watchers Doha was not so much about OPEC oil production, but about a huge power move that had just taken place in Saudi Arabia, as a result of which al-Naimi had become irrelevant overnight.  The FT confirmed as much:"the episode has left Ali al Naimi, the kingdom’s technocratic oil minister for the past 21 years, looking increasingly sidelined.  This is all came to a stunning culmination moments ago, when Al Arabiya reported the shocking, if inevitable news, that Saudi Arabia has fired long-serving oil minister Ali al-Naimi, on Saturday. According to the WSJ, Naimi would be replaced with Khalid al-Falih, chairman of state oil company Aramco.

Riot Police Deploy Tear-Gas Against Pro-Refugee Protestors On Austrian-Italian Border - Live Feed

Submitted by Tyler Durden on 05/07/2016 - 11:16

Why Obama Prioritizes Ousting Assad Over Defeating Syria’s Jihadists

Submitted by Tyler Durden on 05/07/2016 - 10:10 This report goes on to document, essentially, that US President Barack Obama is continuing his efforts to replace the the only secular, non-sectarian government in the Middle East, that of the Ba’athist Party, which has always been the only non-religious political party in the Arab world – everything else in Arabia has been fundamentalist-Sunni, to at least some extent.

Showdown! In Leaked Letter IMF Tells Germany “Debt Relief For Greece Or IMF Drops Out”

Submitted by Tyler Durden on 05/07/2016 - 02:11 It’s showdown time. The IMF has threatened it will pull out of the Greek bailout program unless Greece gets debt relief. German Chancellor Angela Merkel, Austria, Finland, and the other Eurozone creditors will not like today’s development one bit.

Americans Admit Their Main Reason To Vote Trump

Submitted by Tyler Durden on 05/06/2016 - 23:50

Hillary Clinton To Face FBI Interview Within Weeks, CBS Reports

Submitted by Tyler Durden on 05/06/2016 - 23:19 A source has confirmed that Hillary Clinton will be interviewed by the FBI within the coming weeks, in connection with the investigation into her private email server. As reported last night, Hillary's top aide, Huma Abedin was interviewed by the FBI at its Washington field office in April.

Wall Street Analyst Who Warned on GE Ahead of Crash Calls Clinton Foundation “Charity Fraud”

from Liberty Blitzkrieg:
The Clinton Foundation’s finances are so messy that the nation’s most influential charity watchdog put it on its “watch list” of problematic nonprofits last month.
The Clinton family’s mega-charity took in more than $140 million in grants and pledges in 2013 but spent just $9 million on direct aid.
The group spent the bulk of its windfall on administration, travel, and salaries and bonuses, with the fattest payouts going to family friends.
Read More…

Army Captain Sues President Obama Over Illegal And Unconstitutional War On ISIS

Submitted by Tyler Durden on 05/06/2016 - 22:15 An Army captain filed suit against President Obama on Wednesday, claiming that the president is engaged in an “illegal war” against the Islamic State in Iraq and Syria. Nathan Michael Smith, who is deployed to Kuwait as an intelligence officer at Camp Arifjan, argues in the lawsuit that the president lacks the proper authorization for his campaign against the Islamic State, also known as ISIS, because he failed to get congressional authorization under the War Powers Resolution of 1973.

How El Chapo Used Gold To Move Money Out Of The U.S.

Submitted by Tyler Durden on 05/06/2016 - 22:05 With blue lights flashing and a SWAT team in front of the warehouse, a black sedan pulled up. A man got out, popped the trunk, grabbed a briefcase and headed for Natalie Jewelry. Once there, the man was heard to say "I just need to drop off this gold and get a receipt. I need a receipt..."

These 9 Charts Explain The Global Economic Slowdown (And Why Central Banks Can't Fix It)

Submitted by Tyler Durden on 05/06/2016 - 22:03 GDP growth has only two basic components: growth in productivity and growth in the workforce size. That’s it. There are two and only two ways you can grow an economy: increase the (working-age) population or productivity. There is no magic fairy dust you can sprinkle on an economy to make it grow.. and the following rather disconcerting charts showing the continuing decline in productivity and major shifts in demographics that are worsening the situation.

Big Brother Arrives In Public Schools - Biometric Scanners Track Students Every Move

Submitted by Tyler Durden on 05/06/2016 - 22:00 "...from a kid's point of view, they have no idea what they’re giving up and, once again... We’re getting so used to giving up data about ourselves...the slippery slope in what’s called 'habituation' continues..."

FBI Seeks To Keep Its Nationwide Biometric Database A Secret From Citizens

by Nicholas West, Activist Post:
The FBI’s Next Generation Identification Biometrics Database went live nationwide in 2014 without much fanfare from the general public. Naturally, establishment media wasn’t there to give attention to the massive endeavor, even though from its inception it threatened the privacy of every single American.
With only dedicated civil liberties advocates trying to bring attention to the threat, the system quickly amassed more than 50 million images scoured from facial recognition alone and, as reported by the Electronic Frontier Foundation, merged into the FBI’s legacy database of fingerprints and other identifiers to create a centralized hub of surveillance:
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Election 2016 - The Next "Advance Auction On Stolen Goods"

Submitted by Tyler Durden on 05/06/2016 - 21:00

Is Gold More Important Than Silver?

by David Morgan, Silver Seek:
It has been my nature from the earliest point, I can remember that I have always looked for inspiration in the underdog.
There is no logical reason for this, as my upbringing was about as “middle of the middle” as it could be. However, all the stories, movies, and lectures that have stood with me throughout my life have been those where the HEART was the significant theme. Where the underrated, or unexpected, or “underdog”, rose above adversity to win! To me the overall theme is that heart is greater than intelligence, training, coaching, and any other metric that goes through the human psyche.
‘What does this have to do with silver or gold?’, you ask. For me, it is truly the story of the underdog because upon even a casual inspection of the facts, silver conducts heat better than any element, reflects light better than any known element, and conducts electricity better than any other element. This alone suggests that my often quoted statement—“Silver is the best technology stock you can own”—has some merit.
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Russia, Iran, Azerbaijan Agree on Game-changing Transportation Corridor

by F. William Engdahl, New Eastern Outlook:
All but overlooked by Western mainstream media in their focus on the recent flare-up of military tensions between Armenia and Azerbaijan in the simmering conflict over the mountainous enclave of Nagorno-Karabakh is the announcement by Russian Foreign Minister Sergei Lavrov, following talks with his Iranian counterpart, that work will now begin on a long-discussed North-South Transportation Corridor along the Caspian Sea. Significant is the fact that Azerbaijan has also agreed to participate in the project. If so, it suggests that Russian diplomacy and economic infrastructure development have again trumped the Washington urge for wars everywhere to hold their grip on an eroding global superpower hegemony.
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COMEX GOLD AND SILVER COMEX OI RISE TO MULTI YEAR HIGHS: GOLD:569,492/SILVER AT 202,893/ GOLD AND SILVER EXPLODE HIGHER ON WEAKER JOBS REPORT

HILLARY TO FACE FBI INTERVIEW IN TWO WEEKS: CBS
from Harvey Organ:
Let us have a look at the data for Friday, May 6th.
At the gold comex today we had a GOOD delivery day, registering 50 notices for 5,000 ounces for gold,and for silver we had 2200 notices for 1,100,000 oz for the non active April delivery month.
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 226.122 tonnes for a loss of 77 tonnes over that period
In silver, the open interest rose by 1772 contracts up to 202,893 despite the fact that the price was silver was up by only 2 cents with respect to yesterday’s trading (and gold down). In ounces, the OI is still represented by just over 1 BILLLION oz i.e. .1.014 BILLION TO BE EXACT or 145% of annual global silver production (exRussia &ex China) We are now within spitting distance of all time highs for OI with respect to silver
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Zimbabwe To Print Its Own US Dollars Amid Severe Cash Shortage

from ZeroHedge:
When Jim Chanos said earlier this week that days ago that sub-Saharan Africa is facing a severe cash shortage (mostly as a result of their collapsing oil export revenue) he probably did not have the economic basket case of Zimbabwe in mind, and yet this is the country which, after years of monetary and economic collapse “problems”, including the occasional bout of hyperinflation, finds itself in the most dire situation.
As News24 reports, just this past week, Zimbabweans formed long queues outside banks on Thursday as a cash shortage prompted the government to announce plans to print a local version of the US dollar and limit withdrawals.
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Wall Street is Falling Off a Cliff, and the Bottom is a Long Way Down

by John Rubino, Dollar Collapse:
For the past 50 or so years, the quickest way for a sharp young sociopath to get rich has been to join an investment bank or hedge fund. The former were riding a “regulatory capture” gravy train that became ever-more-lucrative as new government agencies morphed into subsidiaries of Wall Street. Hedge funds, meanwhile, were surfing the wave of easy money that inevitably results from putting banks in charge of interest rates and government spending.
Said another way, when financial assets are being artificially inflated by excessive liquidity, it’s easy to make money by shuffling this ever-appreciating inventory back and forth, and to look very smart while doing so.
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