Submitted by Tyler Durden on 05/24/2016 - 09:21
It’s enough to make you sick.
Because... Fun-Durr-Mentals
Submitted by Tyler Durden on 05/24/2016 - 10:43 USDJPY 110.00 hit... now what?
by Michael Snyder, The Economic Collapse Blog:
If you have been waiting for “the next Lehman Brothers moment” which will cause the global financial system to descend into a state of mass panic, you might want to keep a close eye on German banking giant Deutsche Bank. It is approximately three times larger than Lehman Brothers was, and if the most important bank in the strongest economy in Europe were to implode, it would instantly send shockwaves rippling across the entire planet. Those that follow my work regularly know that I started sounding the alarm about Deutsche Bank beginning last September. Since that time, the bad news from Deutsche Bank has not stopped pouring in. They announced a loss of 6.8 billion euros for 2015, Moody’s just downgraded their debt to two levels above junk status, and they have been plagued by scandal after scandal. In recent months they have gotten into trouble for trying to rig precious metal prices, for committing “equity trading fraud” and for their dealings in mortgage-backed securities. The following comes from Zero Hedge…
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If you have been waiting for “the next Lehman Brothers moment” which will cause the global financial system to descend into a state of mass panic, you might want to keep a close eye on German banking giant Deutsche Bank. It is approximately three times larger than Lehman Brothers was, and if the most important bank in the strongest economy in Europe were to implode, it would instantly send shockwaves rippling across the entire planet. Those that follow my work regularly know that I started sounding the alarm about Deutsche Bank beginning last September. Since that time, the bad news from Deutsche Bank has not stopped pouring in. They announced a loss of 6.8 billion euros for 2015, Moody’s just downgraded their debt to two levels above junk status, and they have been plagued by scandal after scandal. In recent months they have gotten into trouble for trying to rig precious metal prices, for committing “equity trading fraud” and for their dealings in mortgage-backed securities. The following comes from Zero Hedge…
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The War On Cash Is A War On Your Freedom To Opt Out
Submitted by Tyler Durden on 05/24/2016 - 10:29 Cash is a proxy for the freedom to maintain some privacy in an era of Big Brother repression, surveillance and the suppression of dissent. Ultimately, the war on cash is all about increasing control by eliminating privacy and the freedom to abandon the debt-serf rat-race.Americans Bought The Most New Homes In 8 Years Just As The Median Price Hit An All Time High
Submitted by Tyler Durden on 05/24/2016 - 10:14 There was a lot of headscratching in today's New Home Sales reported released moments ago by the Census Bureau, according to which there was a whopping 619K new home sold in April, up from the upward revised 531K (was 511K), and smashing expectations of a 523K print, driven by a surge in Northeast home sales which soared unexpectedly from 36K in March to 55K in April, a completely unexplained 53% spike.Richmond Fed Crashes Into Contraction From 6 Year Highs, Biggest Drop In History
Submitted by Tyler Durden on 05/24/2016 - 10:04 Having spiked mysteriously to 6 year highs in March (from 4 year lows in Feb), Richmond Fed's manufacturing survey crashed back into contraction in May (printing -1 against =14 prior and +8 expectations). Weakness was broad-based across the entire set of subcomponents with New Orders plunging, shipments crashing, employees and workweek tumbling, and worse still future employment and capex expectations dropped precipitously. The drop in the last 2 months is the largest in the 23 year history of the survey."Wrong Way Gartman"...
Is This Why Stocks Are Soaring - "We’ve Cast Our Long Positions Aside"
Submitted by Tyler Durden on 05/24/2016 - 09:57 "In our retirement account here at TGL we have simplified our position taking in the equity market: we have only a position in derivatives on the short side, and although it is not a material position it is one-sided. We’ve cast our long positions aside. We’ve simplified; we’ve gotten smaller; but we are bearishly inclined, and we are intent upon adding to those bearishly inclined positions..."S&P 500 Spikes Into Green For May... Now What?
Submitted by Tyler Durden on 05/24/2016 - 09:49 Stops run... Now what?Tesla Compared To Enron, Ponzi Scheme In Scathing New Research Report
Submitted by Tyler Durden on 05/24/2016 - 09:37These Are The Most Widely Held Stocks By Hedge Funds
Submitted by Tyler Durden on 05/24/2016 - 08:59 "Hedge fund portfolio density rose to record levels in March, exceeding even the Financial Crisis highs. Hedge fund returns continue to grow more dependent on the performance of a few key stocks. The typical hedge fund has 68% of its long-equity assets invested in its 10 largest positions."Pre-Open Buying Panic In Stocks & Crude Extends As Euro Tumbles
Submitted by Tyler Durden on 05/24/2016 - 08:37 Dow futures are up 130 points since Europe opened helped by a drop in JPY and EUR and a buying spike in crude oil once again...Deutsche Bank CEO "Very Disappointed" By Moody's Downgrade
Submitted by Tyler Durden on 05/24/2016 - 08:32 For the bank with the tens of trillions in derivatives, being seen as an increasingly more distressed counterparty was not good news and explains why the CEO took the unexpected step of having to defend his firm following the downgrade. "We are very disappointed," Cryan said in an interview on the sidelines of the Institute of International Finance’s conference in Madrid. "We have enough capital to repay all of our debt four-times over."If You're Going To The Rio Olympics, Here's How To Make A 56% Return 'Legally'
Submitted by Tyler Durden on 05/24/2016 - 08:20 Despite warnings that "your life is at risk," the threat of Zika, a collapsing government, and rising social unrest, many will still visit Brazil this summer for the Rio Olympics. As a public service announcement, we believe that making the trip should be worthwhile for those strong-willed travelers treking to South America; and, courtesy of Deutsche Bank, we have found a 'foolproof' way to turn a 56% return... should you wish to.Spanish Lies: Leaked Letter Shows Rajoy Promised EC Budget Cuts While Promising Voters No Cuts
Submitted by Tyler Durden on 05/24/2016 - 08:17 Spain is in political gridlock. The December 2015 election failed to produce a candidate who could put together a coalition. New elections are on June 26. The EC is doing everything it can to influence the vote towards corrupt liar Mariano Rajoy, the incumbent prime minister whose government collapsed by turning a blind eye to the hugely out of control Spanish budget. As part of his new election lie package, Rajoy told voters there would not be budget cuts but a leaked letter to EC president Jean-Claude Juncker proves otherwise.In Historic First, Singapore Shuts Local Private Bank Due To "Worst Gross Misconduct" Is Has Ever Seen
Submitted by Tyler Durden on 05/24/2016 - 08:03 Over one year after the collapse of 1MDB, aided and abetted by none other than Goldman Sachs, officials have finally started to piece together the fund flows, and BSI was the first casualty: "BSI Bank is the worst case of control lapses and gross misconduct that we have seen in the Singapore financial sector," Ravi Menon, managing director of MAS, said in the statement. “It is a stark reminder to all financial institutions to take their anti-money laundering responsibilities seriously."Google's Paris Office Raided In Tax Evasion Probe
Submitted by Tyler Durden on 05/24/2016 - 07:36 French investigators are raiding Google's (GOOGL.O) Paris headquarters as part of a probe over tax payments, a source close to the finance ministry told Reuters on Tuesday. Investigators have been probing Google's offices in central Paris since 0500 am (0300 GMT), said the source, who declined to be named.
from TRU News:
Experts are warning about the growing trend of radical Islam in the European country of Kosovo. It is part of a growing trend in Europe, as reported by TRUNEWS.
In 1999, NATO invaded the area, which resulted in Kosovo becoming independent. The U.S., under President Bill Clinton, led the charge. At that time, most of the people in the country were pro-American, according to the New York Times. They were considered to be moderate.
Now, the Saudis have spread Wahhabism throughout the land, and people are joining ISIS. In the past few years 314 people, including women and children, have joined the group, which is the highest number in Europe.
The director of Kosovo’s counterterrorism police said Saudi Arabia sent extremist clerics into the country to radicalize people. ‘
“They promoted political Islam,” said Fatos Makolli. “They spent a lot of money to promote it through different programs mainly with young, vulnerable people, and they brought in a lot of Wahhabi and Salafi literature. They brought these people closer to radical political Islam, which resulted in their radicalization.”
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Experts are warning about the growing trend of radical Islam in the European country of Kosovo. It is part of a growing trend in Europe, as reported by TRUNEWS.
In 1999, NATO invaded the area, which resulted in Kosovo becoming independent. The U.S., under President Bill Clinton, led the charge. At that time, most of the people in the country were pro-American, according to the New York Times. They were considered to be moderate.
Now, the Saudis have spread Wahhabism throughout the land, and people are joining ISIS. In the past few years 314 people, including women and children, have joined the group, which is the highest number in Europe.
The director of Kosovo’s counterterrorism police said Saudi Arabia sent extremist clerics into the country to radicalize people. ‘
“They promoted political Islam,” said Fatos Makolli. “They spent a lot of money to promote it through different programs mainly with young, vulnerable people, and they brought in a lot of Wahhabi and Salafi literature. They brought these people closer to radical political Islam, which resulted in their radicalization.”
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We’ve been waiting a long time for this. 5,368 days to be exact.
It has been 14 years, 8 months, and 12 days since the Neocon Zionist monsters in the United States along with their partners in the crime, the Saudis and Israeli Mossad orchestrated the 9/11 false flag operation that murdered nearly 3,000 innocents. Just a few smoking guns of their heinous crimes include the free fall collapse of world trade center building 7, the statistical impossibility of the BBC reporting about it 25 minutes too early and Lucky Larry’s multi-billion dollar insurance payout for “acts of terror.”
The litany of evidence of the NWO’s dastardly deeds on 9/11 has been documented, catalogued and readied for trials. The true culprits have been identified. And if you want the exact names and details there is no better video to watch than this one: 9/11 Conspiracy Solved: Names, Connections and Details Exposed
What remains is for these evil men to be brought to justice and tried for their crimes against American law, the Constitution and humanity. We have long hoped that the day would come when these sinister evil doers would start turning on each other and the truth would begin spilling out.
Enter the 28 pages and the Saudis. Reportedly, the classified 28 pages of the 9/11 report implicate the Saudis for at least helping to fund the terror attacks, but those 28 pages conveniently make no mention of Israeli involvement in the planning and execution of the attacks that day. The dancing Mossad agents who were arrested, sent back to Israel after ten weeks and who then admitted on Israeli TV, “We were there to document the event“.
No mention of them.
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Sometimes I wonder whether the world is being run by smart people who are putting us on, or by imbeciles who really mean it… Mark Twain, American humorist
While I am credited as the creator of the byline “You just can’t make this stuff up”, I must now add an addendum to that, the NATO exception, because they make it up all the time.
And, just when we figure they have flogged the Russian Bear threat to death, almost as badly as the retired Iran nuclear weapon threat, here we have British General Shirreff, former Deputy Supreme Comr. for NATO, pitching his fictional book about a nuclear war with Russia, in 2017 mind you, and over the Baltics no less.
This is the kind of ploy that an Intelligence agency would use to seed a repetitive fear message into the public’s consciousness via a series of high ranking officials to give support to a geopolitical psyops game they are running. We now have General Shirreff as a book end to American General Breedlove, who told us all about the amassed Russian army on Ukraine’s eastern border that was ready to sweep across Ukraine in three days.
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from Hang The Bankers:
Bayer’s takeover bid, made on Monday, values Monsanto shares at $122 apiece.
The acquisition of Monsanto “would be a compelling opportunity to create a global agriculture leader, while reinforcing Bayer as a life science company with a deepened position in a long-term growth industry,” Bayer said in a statement.
The Bayer and Monsanto merger sparked hundreds of protest rallies worldwide.
Thousands of protesters in many European cities marched to show their disgust toward the US biotech behemoth, condemning the sale of the herbicide RoundUp, which has been accused of causing cancer in humans, and the development of genetically-modified crops.
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Bayer’s takeover bid, made on Monday, values Monsanto shares at $122 apiece.
The acquisition of Monsanto “would be a compelling opportunity to create a global agriculture leader, while reinforcing Bayer as a life science company with a deepened position in a long-term growth industry,” Bayer said in a statement.
The Bayer and Monsanto merger sparked hundreds of protest rallies worldwide.
Thousands of protesters in many European cities marched to show their disgust toward the US biotech behemoth, condemning the sale of the herbicide RoundUp, which has been accused of causing cancer in humans, and the development of genetically-modified crops.
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from X22Report:
Greece is really tightening the screws on the people, more taxes, less pensions more austerity. The retail apocalypse has hit but the corporate media and the US government is playing it off that retail is not important. Recession red flag indicator in temp jobs. They are now dropping off. Manufacturing declines and it is not improving. Baltic Dry Index drops by 1 point. Trade with Japan declines rapidly. EU will decide which banks will get rescued. De-dollarization accelerates, China imports more oil from Russia bypassing the dollar.
Greece is really tightening the screws on the people, more taxes, less pensions more austerity. The retail apocalypse has hit but the corporate media and the US government is playing it off that retail is not important. Recession red flag indicator in temp jobs. They are now dropping off. Manufacturing declines and it is not improving. Baltic Dry Index drops by 1 point. Trade with Japan declines rapidly. EU will decide which banks will get rescued. De-dollarization accelerates, China imports more oil from Russia bypassing the dollar.
by Harvey Organ, Harvey Organ Blog:
Good evening Ladies and Gentlemen:
Gold: $1,251.10 DOWN $1.30 (comex closing time)
Silver 16.41 DOWN 7 cents
In the access market 5:15 pm
Gold $1249.10
silver: 16.35
i) the May gold contract is a non active contract. Yet we started the month with 5.67 tonnes of gold standing and it has increased every single day and today sits at 6.68 tonnes of gold standing:
The amount standing for gold at the comex in May is simply outstanding at 6.79941 tonnes. The previous May 2015, we had only .08 tonnes standing so you can certainly witness the difference as the demand for gold by investors/sovereigns is on a torrid pace. This makes the excitement for June gold that much more intense as more players are refusing fiat and demanding only physical metal. I will be reporting daily as to how which is standing for delivery through the active month of June. June is the second largest delivery month after December.
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Good evening Ladies and Gentlemen:
Gold: $1,251.10 DOWN $1.30 (comex closing time)
Silver 16.41 DOWN 7 cents
In the access market 5:15 pm
Gold $1249.10
silver: 16.35
i) the May gold contract is a non active contract. Yet we started the month with 5.67 tonnes of gold standing and it has increased every single day and today sits at 6.68 tonnes of gold standing:
The amount standing for gold at the comex in May is simply outstanding at 6.79941 tonnes. The previous May 2015, we had only .08 tonnes standing so you can certainly witness the difference as the demand for gold by investors/sovereigns is on a torrid pace. This makes the excitement for June gold that much more intense as more players are refusing fiat and demanding only physical metal. I will be reporting daily as to how which is standing for delivery through the active month of June. June is the second largest delivery month after December.
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from Gold and Liberty:
CESIUSD is the Citi Economic Surprise Index which measures data surprises relative to market expectations.
Vice-Chairman Dudley yesterday:
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CESIUSD is the Citi Economic Surprise Index which measures data surprises relative to market expectations.
Vice-Chairman Dudley yesterday:
“Data releases that are close to our expectations have little additional impact on the forecast, while data releases that deviate significantly from our expectations can lead to more significant revisions of the forecast,” Dudley said Thursday in remarks prepared for a media briefing in New York. “It is, therefore, important for market participants and households to be able to follow the data along with the FOMC and to understand how we are likely to interpret and react to incoming data.”Ok so actually CESIUSD Index is perfect measurement of Fed from here out…. The problem?
Source: Bloomberg
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by Adan Salazar, Infowars:
Hollywood star Robert De Niro is planning a documentary exposing vaccines, the actor said in a recent interview.
Speaking to entertainment site Vulture from the Cannes film festival on Friday, the Taxi Driver star discussed the controversy that occurred at his own Tribeca film festival when he first proposed, then backed off of screening the controversial documentary, “Vaxxed: From Catastrophe to Coverup.”
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Hollywood star Robert De Niro is planning a documentary exposing vaccines, the actor said in a recent interview.
Speaking to entertainment site Vulture from the Cannes film festival on Friday, the Taxi Driver star discussed the controversy that occurred at his own Tribeca film festival when he first proposed, then backed off of screening the controversial documentary, “Vaxxed: From Catastrophe to Coverup.”
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