Bail-outs, Bail-ins, the average consumer has trouble keeping these terms and their meanings straight. Both terms are relatively new on the American economic scene. Here is what these terms mean:
“A bail-out is when outside investors rescue a borrower by injecting money to help service a debt. Bail-outs of failing banks in Greece, Portugal and Iceland were primarily financed by taxpayers”.
…a bail-in occurs when the borrower’s creditors are forced to bear some of the burden by having a portion of their debt written off. For example, bondholders in Cyprus banks and depositors with more than 100,000 euros in their accounts were forced to write-off a portion of their holdings.
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Puerto Rico Says Will Default Tomorrow, Begs Congress For Help "Or Else Crisis Will Get Worse"
Submitted by Tyler Durden on 05/01/2016 - 17:10 Update: PR Governor Padilla has spoken...*PUERTO RICO GOVERNOR SAYS WON'T PAY DEBT TOMORROW, CALLS ON U.S. CONGRESS, PAUL RYAN FOR HELP, CRISIS WILL GET WORSE IF U.S. CONGRESS DOESN'T HELPIt's D-Day in Puerto Rico. As Bloomberg reports, investors are finding little comfort in the Puerto Rico Government Development Bank’s efforts to strike a last-ditch agreement with creditors to soften the blow of a default this weekend. The bonds that mature today (May 1st) have crashed to just 20c (disastrously below the 36-cent recovery rate the commonwealth proposed in March).
With A Double Digit Lead In Indiana Polls, Trump Calls The Race: "It's Over, Cruz Can Not Win"
Submitted by Tyler Durden on 05/01/2016 - 16:55 Ahead of the Indiana primary on Tuesday, Donald Trump holds a 15 point lead in the polls according to the Wall Street Journal, and it is starting to become inevitable (at least for those not named Cruz and Kasich) that The Donald will be the Republican's choice to run against Hillary in the fall.
Leaked Docs Reveal TTIP Trade Deal In Jeopardy As "Irreconcilable Differences" Emerge
Submitted by Tyler Durden on 05/01/2016 - 17:48 According to leaked negotiating drafts and internal positions, which were obtained by Greenpeace and seen by the Guardian, it seems the stumbling blocks ahead of the TTIP's implementation are indeed substantial, and potentially dealbreaking. As the Guardian reports, talks for a free trade deal between Europe and the US face a serious impasse with "irreconcilable" differences in some areas. The leaked texts also show that the two sides are at odds "over US demands that would require the EU to break promises it has made on environmental protection."
Noble Group’s Cliffhanger
Submitted by Tyler Durden on 05/01/2016 - 17:23 Behind the scenes, the legally aggressive stance of Noble Group Ltd is rapidly becoming known in the financial analysts’ community as analysts and media organizations are threatened one after another by the troubled SGX-listed trader. The censorship and its lawyers used to claim full control of the situation with the hope that its critics and the market would be “reset”—akin to being lobotomized. The company has left us with its cliffhanger: even the most egregious comments made by Iceberg on the trader happened to be entirely correct.
Deutsche Bank Unveils The Next Step: "QE Has Run Its Course, It's Time To Tax Wealth"
Submitted by Tyler Durden on 05/01/2016 - 14:58 "It is becoming increasingly clear to us that the level of yields at which credit expansion in Europe and Japan will pick up in earnest is probably negative, and substantially so. Therefore, the ECB and BoJ should move more strongly toward penalizing savings via negative retail deposit rates or perhaps wealth taxes. With this stick would also come a carrot – for example, negative mortgage rates."
by Eric Dubin, The News Doctors:
Barring “establishment” forces within the Republican Party successfully preventing Trump from securing the Republican Party nomination and thus, ultimately imploding the Republican Party, Trump will be the next President of the United States. By this time next year, Clinton is going to be happy to sit on her vast fortune while not serving time behind bars.
I know you’re shaking your head at the implausibility of my assessment. But a major segment of the establishment is turning on Clinton. From that highly unusual Saturday Night Live skit that marked the exact week ‘Clinton as pathological liar’ transitioned to mainstream understanding to this documentary, ‘Clinton Corruption’, that will premier at the Cannes Film Festival, there’s a very subtle shift going on in the American zeitgeist.
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Barring “establishment” forces within the Republican Party successfully preventing Trump from securing the Republican Party nomination and thus, ultimately imploding the Republican Party, Trump will be the next President of the United States. By this time next year, Clinton is going to be happy to sit on her vast fortune while not serving time behind bars.
I know you’re shaking your head at the implausibility of my assessment. But a major segment of the establishment is turning on Clinton. From that highly unusual Saturday Night Live skit that marked the exact week ‘Clinton as pathological liar’ transitioned to mainstream understanding to this documentary, ‘Clinton Corruption’, that will premier at the Cannes Film Festival, there’s a very subtle shift going on in the American zeitgeist.
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A Hint Of NIRP: Schwab Is Quietly Forcing Cash Out Of Money Market Funds
Submitted by Tyler Durden on 05/01/2016 - 14:33
Still Looks Like A Trap
Submitted by Tyler Durden on 05/01/2016 - 16:25 “If the weather forecast suggests it might rain, wouldn’t you carry an umbrella?”
"Gold Isn't An Investment - Gold Is Money"
Submitted by Tyler Durden on 05/01/2016 - 15:25 Probably the biggest misconception investors have about gold is that it's an investment. They'll listen to people on CNBC pick apart and analyze every $30 move in the metal, just as they would talk about a move in crude oil or stocks or bonds. They'll check the price quote every day... to see how their "investment" in gold is performing. That just isn't a useful way to view gold. Gold isn't an investment. Gold is money. Gold is real wealth you can hold in your hand, it's also "crisis insurance"... or "wealth insurance."
This Won't End Well
Submitted by Tyler Durden on 05/01/2016 - 15:00 With "safety" stocks at all-time record high valuations and the energy sector trading at over 100x forward earnings expectations, it should apready be clear that a Christmas miracle is what equity bulls are hoping. However, as the following two charts expose all too well, the voyage to the hoped-for hockey-stick in earnings - you know the one that is predicted to occur every time mother's milk dries up - is rapidly falling down and to the right... This will not end well.
"Only The Dumb Save" - ECB Pens Incoherent Response To Germany's Criticisms
Submitted by Tyler Durden on 05/01/2016 - 13:55 It appears as though the ECB has had enough of the thorn in its side that is Germany in this latest round of back and forth, and has taken to what it does best: jawboning. In an article published today in the Frankfurter Allgemeine Sonntagszeitung newspaper, executive board member Benoit Coeure writes a rambling article defending ECB's policies, tells Germany that the ECB is the reason for its economic success, and downplays the issues that any savers may be having under NIRP.
Consensus Forming: China Heading Back Into Financial Crisis
Submitted by Tyler Durden on 05/01/2016 - 13:22 China’s historic post-2009 debt binge flew largely under the radar - fooling most observers into thinking the global economy was recovering rather than just re-leveraging. Now Beijing is back at it, borrowing over $1 trillion in this year’s first quarter, buying up commodities and creating the illusion of global growth. But this time the scam hasn’t gone unnoticed. Reporters, editors and money managers seem, at last, to be catching on. So think of today’s relative calm as the eye of yet another storm, and what’s coming as a return to the hyper-leveraged new normal.
Is This The Ultimate Act Of A Frantic Establishment Willing To Do Anything To Stop Trump?
Submitted by Tyler Durden on 05/01/2016 - 12:02 As Donald Trump inches closer to the Republican nomination, GOP insiders scramble to put a halt to the billionaire’s run for the White House. A new lawsuit filed in the state of California could prove to be the ultimate act of desperation by a frantic establishment willing to go to any lengths to end Trump’s bid for the Oval Office. However, if the allegations contained within the court documents are found to be true, they would not only spell the end of Trump’s presidential aspirations, but most likely his brand as a whole.
by SGT, SGT Report.com:
Friends, this interview with JS Mineset’s Bill Holter is not for the faint of heart. It contains information you absolutely must share with your friends and family, no matter how closed-minded they are, no matter how many times you may have tried to warn them in the past. This may well be their last chance to protect themselves from an economic calamity so severe that they will never recover.
Holter warns, “I think what we are looking at is an EVENT that you’re not going to be able to recover from. If this market snaps and the markets close, and you’re not in position, you’re out. You’re out for the rest of your life. This is going to be an EVENT that you can’t recover from.”
As readers of SGT Report know, Silver is the best performing commodity asset of 2016 thus far, and there are some very quantifiable, very important reasons for it. This may well be YOUR last chance to protect yourself from what’s coming.
Friends, this interview with JS Mineset’s Bill Holter is not for the faint of heart. It contains information you absolutely must share with your friends and family, no matter how closed-minded they are, no matter how many times you may have tried to warn them in the past. This may well be their last chance to protect themselves from an economic calamity so severe that they will never recover.
Holter warns, “I think what we are looking at is an EVENT that you’re not going to be able to recover from. If this market snaps and the markets close, and you’re not in position, you’re out. You’re out for the rest of your life. This is going to be an EVENT that you can’t recover from.”
As readers of SGT Report know, Silver is the best performing commodity asset of 2016 thus far, and there are some very quantifiable, very important reasons for it. This may well be YOUR last chance to protect yourself from what’s coming.
Who wants to make a good investment? Who believes gold and silver are important to wealth preservation?
If you have been following along it is no secret the past five years the precious metals market has suffered greatly at the hands of the bullion banking cartel. Their criminal activities have not been limited to merely rigging the precious metals markets, but has influenced what has been happening in the mining sector. If the rigging the tiny gold and silver markets, which has now been proven in a court of law, has been part of the ongoing market rigging why wouldn’t they rig the mining indices as well? I am not saying this is the case, just asking a question. While it has not been proven, yet, in a court of law it would not be out of the question to say these markets have been rigged just like all of the other markets that have been proven to be rigged.
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by James Corbett, The International Forecaster:
Calling him a “serial child molester” and his actions “unconscionable,” Judge Thomas Durkin sentenced Dennis Hastert to 15 months in prison, two years of supervised release and a $250,000 fine for his abuse of four male wrestlers under his tutelage at Yorkville High School in Illinois over 30 years ago.
The sentence is remarkable in many ways. As Speaker of the House from 1999 to 2007, Hastert was second in line to the presidency after the Vice President, making him one of the highest ranking office holders in the history of the United States ever to be put in prison. Not only that, but the 15 month prison far exceeds the federal guidelines of probation to six months for the banking violations of which he has been convicted. And Judge Durkin’s statements during sentencing leave no room for ambiguity about Hastert, his actions, or his legacy. He will forever be remembered as a convicted sex offender, a rapist and a child molester.
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Calling him a “serial child molester” and his actions “unconscionable,” Judge Thomas Durkin sentenced Dennis Hastert to 15 months in prison, two years of supervised release and a $250,000 fine for his abuse of four male wrestlers under his tutelage at Yorkville High School in Illinois over 30 years ago.
The sentence is remarkable in many ways. As Speaker of the House from 1999 to 2007, Hastert was second in line to the presidency after the Vice President, making him one of the highest ranking office holders in the history of the United States ever to be put in prison. Not only that, but the 15 month prison far exceeds the federal guidelines of probation to six months for the banking violations of which he has been convicted. And Judge Durkin’s statements during sentencing leave no room for ambiguity about Hastert, his actions, or his legacy. He will forever be remembered as a convicted sex offender, a rapist and a child molester.
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from The Sleuth Journal:
In Turkey, dissent is a criminal offense. Anyone criticizing Erdogan or exposing regime wrongdoing risks arrest, prosecution and imprisonment on charges ranging from insulting the president to espionage, treason or terrorism.
Journalists, academics, public figures, human rights activists, even young children are vulnerable. So would world leaders be if Erdogan has his way.
Last December, regime loyalist Mahir Akkar urged Putin be criminally investigated on charges of insulting and defaming Erdogan.
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In Turkey, dissent is a criminal offense. Anyone criticizing Erdogan or exposing regime wrongdoing risks arrest, prosecution and imprisonment on charges ranging from insulting the president to espionage, treason or terrorism.
Journalists, academics, public figures, human rights activists, even young children are vulnerable. So would world leaders be if Erdogan has his way.
Last December, regime loyalist Mahir Akkar urged Putin be criminally investigated on charges of insulting and defaming Erdogan.
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from Washington’s Blog:
When I posted my scepticism that we would be given the full truth about the content of the Panama Papers by the mainstream media outlets who were controlling them, it went viral and became the first individual article to be read by half a million people on this blog alone, and a multiple of that as it was posted all round the web, translated into several languages.
I also attracted some derision from establishment propagandists. I had contented that the fact the papers themselves were not made available, but we were rather fed selected information by the western and corporate state media, would limit and slant what the public was told. The initial concentration on Russia, Iran, Syria etc seemed to confirm this. But it was urged that more was to come, and I should wait, and it was suggested I would look foolish when they finished publishing. “Wait and see” tweeted the editor of the lead newspaper, the Suddeutsche Zeitung, in response to my post.
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When I posted my scepticism that we would be given the full truth about the content of the Panama Papers by the mainstream media outlets who were controlling them, it went viral and became the first individual article to be read by half a million people on this blog alone, and a multiple of that as it was posted all round the web, translated into several languages.
I also attracted some derision from establishment propagandists. I had contented that the fact the papers themselves were not made available, but we were rather fed selected information by the western and corporate state media, would limit and slant what the public was told. The initial concentration on Russia, Iran, Syria etc seemed to confirm this. But it was urged that more was to come, and I should wait, and it was suggested I would look foolish when they finished publishing. “Wait and see” tweeted the editor of the lead newspaper, the Suddeutsche Zeitung, in response to my post.
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Germany's Third Largest Party Adopts Anti-Islam Manifesto: Says "Muslims Are Not Welcome In Germany"
Submitted by Tyler Durden on 05/01/2016 - 11:26 One week after Austria was shocked by the news that its right-wing, anti-immigrant Freedom Party, had swept the competition, gathering over 35% of the vote and leaving the other five candidates far behind, Europe's anti-immigrant juggernaut just added to its momentum when neighboring Germany's populist AfD party adopted an anti-Islam policy on Sunday in a manifesto that also demands curbs to immigration according to AFP. The biggest surprise however, is that the three year-old party is now also Germany's third strongest party.
10 Stats About The Last 10 Years
Submitted by Tyler Durden on 05/01/2016 - 10:30 Think back over the last 10 years - how different was your life in April 2006? While you may think your daily existence is largely the same (maybe the kids are older or you’re married now, but that about it…), consider what was actually different about your life in the spring of 2006:No iPhone;No Facebook (unless you were in college at the time); No Twitter; No Instagram; No Kim Kardashian; No Uber; No iPad./
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