Former McDonalds CEO Crushes The Minimum Wage Lie: "It's Cheaper To Buy A Robot Than Hire At $15/Hour"

Submitted by Tyler Durden on 05/25/2016 - 20:58

"I was at the National Restaurant Show yesterday and if you look at the robotic devices that are coming into the restaurant industry - it’s cheaper to buy a $35,000 robotic arm than it is to hire an employee who’s inefficient making $15 an hour bagging French fries - it’s nonsense and it’s very destructive and it’s inflationary and it’s going to cause a job loss across this country like you’re not going to believe."

The "System" Won't Survive The Robots

Submitted by Tyler Durden on 05/25/2016 - 19:45 It’s really just a matter of time; the working man’s deal with his overseers is half dead already. But there’s still inertia in the system, and even the losers are keeping the faith. Hope dies slowly, after all. Nonetheless, the deal is collapsing and a new wave of robots will kill it altogether. Unless the overseers can pull back on technology – very fast and very hard – the deal that held through all our lifetimes will unwind.

The Truth Behind The Surge In Conservative "Extremism"

Submitted by Tyler Durden on 05/25/2016 - 23:00 The mob actions and growing madness of the extreme left, instigated and in some cases funded (Ferguson, Missouri) by elitists like George Soros is going to force conservatives into a position of armed reaction. It is only a matter of time. And perhaps this is what the elites prefer — Americans fighting and killing other Americans while they sit back and enjoy the show. After all, the failure of America is a perfect justification for the greater influence of globalism to stem the tide of “nationalist fervor.” And in a totally globalized and collectivized world, conservatism has no place.

World’s Largest Asset Manager: “Perfect Time and Place” For Gold

by Mark O’Byrne, via Silver Doctors:
The world’s largest asset manager, Blackrock Inc., has written a note about gold in which it suggests that this is the “perfect time and place” for gold due to “low and even negative yields, slow growth and potential signs of rising inflation.”
BlackRock has over $4.6 trillion in assets under management and provides guidance to individuals, financial professionals and institutions and the note was written by Russ Koesterich, the Head of Asset Allocation for a leading Blackrock fund.
The blog, ‘Are these the golden days for gold?’ published by Blackrock last week, points out that “gold may continue to shine”:
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Americans - The New Second-Class Citizens

Submitted by Tyler Durden on 05/25/2016 - 19:30 The Department of Labor has awarded Utica, New York, $2 million to teach young refugees how to build drones as part of a summer jobs program. "It was just a population we chose to target," said Alice Savino, executive director of the area Workforce Development Board, warning that "if we don't help [the refugee kids] be productive now, we’re going to pay for it later."

Trump Accidentally Reveals His Next Attack On Hillary

Submitted by Tyler Durden on 05/25/2016 - 16:50 Two days after Donald Trump released a clip in which he hinted at Bill Clinton's sexual transgressions by featuring two women - Kathleen Willey and Juanita Broaddrick - who have made rape accusations against the former president, and then promptly escalated his attacks on the Clintons in an interview with WaPo in which Trump called the circumstances of Vincent Foster’s death "very fishy", Trump accidentally revealed what his next attack on Hillary will be.

An Inside Look at the World's Biggest Paper Gold Market

Submitted by Tyler Durden on 05/25/2016 - 22:30 Almost all gold (95%) traded in London is unallocated and without legal title. This makes it easier to trade, but it also raises concerns about a market that is opaque to begin with. There are 5,500 tonnes of paper gold exchanging hands on paper each day, but there are only 300 tonnes of gold vaulted in London outside of the reserves for ETFs or the Bank of England. What would happen if there was ever even a small rush to get the physical asset behind the paper? Is there a system in place for such an event, and how does it work?

Quantitative Easing And The Corruption Of Corporate America

Submitted by Tyler Durden on 05/25/2016 - 22:00 Since the turn of this century, debt-financed share buybacks have severely tested the character of those charged with growing publicly-traded U.S. firms. Should she ignore the potential for further QE-financed share buybacks to exact more untold economic damage, it would be akin to intentionally corrupting Corporate America. The time, though, has come for these wayward companies’ banker and enabler, the Fed, to hold the line, no matter how difficult the next inevitable test of their character may prove to be. It’s time for the Fed to defend the entire Union and end a civil war that pits a chosen few against the economic freedom of the many.


filed under Bitch...

Hillary Accuses State Department Report Of Having An "Anti-Clinton Bias"

Submitted by Tyler Durden on 05/25/2016 - 21:40 Brian Fallon appeared on CNN's "The Situation Room" and called into question the timing of the State Department investigation into Clinton's use of a private email server.  Fallon referred to the "appropriateness" of the investigation, parallel to the Justice Department's investigation into the same issue, as "an open question" and stated "reports" from inside the office claiming that the investigation had an "anti-Clinton bias."

"Someday We'll Be Microchipping All Of Our Children"

Submitted by Tyler Durden on 05/25/2016 - 20:30 Would you allow microchips to be surgically implanted in your children if that would keep them safer? “People should be aware that testing is being done right now. The military is not only testing this out, but already utilizes its properties. It’s not a matter of if it will happen, but when...”

Hillary In Trouble: State Department Says Clinton Did Not Comply With Record Policies: Full Report

Submitted by Tyler Durden on 05/25/2016 - 20:22 In a surprising reversal, what many thought was impossible, namely the State Department cracking down on its former head and Democratic presidential frontrunner, Hillary Clinton, seems all too possible following news that the State Department inspector General audit has faulted Hillary Clinton, other secretaries of state for poorly managing electronic communications.

"Dovish" Fed Expectations Collapse To Lowest Since 2015

Submitted by Tyler Durden on 05/25/2016 - 20:00 Back in the middle of February - during the height of the financial-market turmoil, the market was pricing in a shockingly policy-error-ish 36.5% chance of a rate cut in 2016. Since then The Fed has done everything it can to try and regain credibility - attempting to be hawkish in the face of dismal data, baffling everone with bullshit, and droning on about data-dependence. Now, thanks to the FOMC Minutes released last week with officials suggesting investors may be underestimating the pace of tightening, the odds of a 2016 rate cut have collapsed to just 4.8% - its lowest since New Year's Eve.

This Is The Maximum Amount Of Cash You Can Take Out At A Venezuela ATM

Submitted by Tyler Durden on 05/25/2016 - 19:47 As Bloomberg's Nathan Crooks demonstrates, this is the maximum amount of money one can take out from a Venezuela ATM each day.

Saudi Arabia Has Finally Figured Out How To Get Washington's Attention: Lobbyists

Submitted by Tyler Durden on 05/25/2016 - 19:00 While Saudi Arabia's initial response (economic threats) to Washington's sudden renewed legislative interest in the '28 pages' may or may not have helped add fuel to the fire of those who believe the country has something to hide, it has also tried to have a softer approach to the issue, one that perhaps works the most effectively in Washington: Lobbyists.

Shakespeare On Investing

Submitted by Tyler Durden on 05/25/2016 - 18:30 “With every investment we get richer or wiser, never both...”

Police In Riot Gear Arrest Anti-Trump Protesters In Anaheim

Submitted by Tyler Durden on 05/25/2016 - 18:20

Federal Reserve Accidentally Admits It Is Causing Inequality

Submitted by Tyler Durden on 05/25/2016 - 17:56 "As stock prices rise, the gains are disproportionately distributed to the wealthy. Lower- and middle-income families who are also wealth-poor are less likely to expose their savings to the higher risks of equity markets.... gains in the stock market tend to benefit those in the wealthiest portion of the income distribution, who have better access to and higher participation in these asset markets."

How Will America Trade With WORTHLESS DOLLARS & NO GOLD? — Bill Holter

by SGT, SGT Report.com:
Bill Holter from JS Mineset.com is back to help us document the collapse for the fourth week of May, 2016. And as physical gold and silver moves East and into the strong hands of more than a billion Chinese, and as foreign banks publicly settle global trade in the Yuan, Bill reminds us that “Every step forward by China, is one or two steps backward for the US and the Dollar, that’s what’s happening. For instance, if the Yuan is backed by gold, then why would someone accept the Dollar in lieu of the Yuan if the Dollar’s not backed by anything?”
The build out of the infrastructure for the world to move completely away from the Dollar is almost complete. You have been warned.

Meet The Syrian Al-Qaeda Linked Rebel Who Freely Visited America Last Year

Submitted by Tyler Durden on 05/25/2016 - 17:40 U.S. foreign policy is such a disastrous joke, trying to keep up with it is essentially a full time job. In case you still had any doubt as to why ISIS and other assorted terrorists seemed virtually unstoppable in Syria until Russia became involved, the following piece should clear things up.

Daiwa: "Round Two Of China Capital Outflows Is About To Begin"

Submitted by Tyler Durden on 05/25/2016 - 17:14 Now that all eyes have turned on China eager to find how it will react to a potential Fed rate hike in June or July, the question is whether the sharp Chinese devaluation unveiled overnight, which sent the Yuan to fresh 5 year lows, will be a one-off event, and whether the PBOC will intervene far more aggressively in the offshore CNY market to keep FX market turmoil to a minimum. According to at least one person, the answer is no.

IRS Malfeasance Is Part of Larger Government Corruption

from The Daily Bell:
No One Hates the IRS More Than House Republicans … Pity John Koskinen, who agreed to take one of the worst jobs in America and is now being punished for it. In 2013, President Barack Obama asked Koskinen to take over at the Internal Revenue Service amid budgetary chaos, deteriorating morale and a simmering scandal. House Republicans are now trying to impeach him. – Bloomberg
We don’t pity John Koskinen. We watched a good deal of the IRS hearings as they unfolded and it was fairly obvious a cover-up was taking place.
The people involved either weren’t telling the truth or were subject to convenient memory lapses.
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Gold Mining Buy-Out Binge Coming, And That’s A Mixed Blessing

by John Rubino, Dollar Collapse:
This is a good news/bad news story.
Say you’re one of the many people who bought junior gold and silver mining stocks a few years ago — and then watched in horror as they fell day after day, week after week, finally settling at pennies on your dollar.
Then, just as they seem to be recovering, you’re notified that some big miner with much less spectacular upside potential is buying one of your little lottery tickets for a premium to the current price — but a fraction of what you paid back in the day. You now own shares of Goldcorp or Agnico Eagle or some other household name, which isn’t bad. But it’s definitely not the 10-bagger you’d been hoping for to redeem your terrible timing.
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Everything Is Building Up And Soon It’s All Going To Erupt In One Gigantic Blast

from X22Report:
The house rejects bill to track people on their cellphone. The pre-crime system has been implemented in Chicago, which is a violation of the rights of the people. Leaked tapes show the coup was planned in Brazil. The SouthEastern people will not allow the OSCE in their area. US ready to send surveillance planes to Vietnam. US using propaganda to show ISIS bombed Russian helicopters and airbase. US preparing something big come this summer, Russia realizes this and is trying to persuade the US to join the fight against terrorism. The US controls al-Qaeda, ISIS and the other terrorists groups to remove leaders and to cause chaos in the region.

CIA Links George Soros To Terrorist Bombing!

from The Alex Jones Channel:
In an era of growing “false flag” terrorist incidents, a formerly Top Secret Central Intelligence Agency document, the National Intelligence Daily of February 4, 1987, strongly suggests a George Soros connection to a terrorist bombing in what was then Czechoslovakia.

Another Brilliant Analysis on Why Trump Will Beat Clinton

by Michael Krieger, 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 best “why Hillary Clinton can’t beat Donald Trump” articles tend to be written by liberal-leaning Bernie Sanders supporters. These people can’t stand Trump, yet find it impossible to ignore the obvious flaws and rampant cronyism inherent in Her Majesty. This dislike of both frees such thinkers from distracting bias and provides for refreshing analysis and a unique perspective on 2016.
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CAVEAT EMPTOR: Northwest Territorial Mint’s Bullion Sale Operations Have “Attributes of a Ponzi Scheme”

from Money Metals:
The news unfortunately just keeps getting worse for customers and creditors of Northwest Territorial Mint. The prominent bullion dealer located near Seattle, Washington filed for bankruptcy court protection at the end of March. The losses of customers who never received delivery of orders plus the losses of other creditors could be as high as $50 million, according to news reports.
The U.S. Trustee in charge, Mark Calvert, recently estimated the firm has $56 million in liabilities and only $6.4 million in assets. He figures the recovery for unsecured creditors will be less than 10%.
Northwest Territorial’s former owner, Ross Hansen, seems to be blaming the bankruptcy on a defamation lawsuit that he and his firm recently lost.
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