Kasich Out: Trump Challenger To Make 5PM Statement Suspending Campaign

Submitted by Tyler Durden on 05/04/2016 - 11:40
Update: as expected, Kasich's announcement will be that he is indeed suspending his campaign, and with that Trump is the official presidential candidate of the Republican party.

Most Dangerous Stock Market in History — Michael Pento

from USA Watchdog:
Money manager and financial expert Michael Pento says every corner of the globe is in economic trouble.
Pento contends, “I think we are going to have a global synchronized collapse amongst the developed world economies: Europe, Japan, the United States and China, and you should be hedging against this market. Don’t forget, we have the most overvalued, most dangerous stock market in the history of the world. . . . Record valuations sit on top of an unprecedented earnings and revenue recession. The only thing we have left is the promise of ZIRP, QE and negative interest rates that don’t work. All they do is inflate asset prices. You should be short the market, and you should be long precious metals.”

The sheep are finally waking up... a little...

Over Half of Americans Now Believe the Voting System Is Rigged

Submitted by Tyler Durden on 05/04/2016 - 12:02 Like it or not, on some level the entire system is rigged to a degree and apparently the majority of American citizens now agree. According a new study conducted by Reuters News, “more than half of American voters believe the U.S. system is rigged.”

China Warns 'Will Respond To Trump Presidency'

Submitted by Tyler Durden on 05/04/2016 - 09:12 Speaking through its mouthpiece Global Times, China has published its first reaction to "unpredictable" Trump's position as presumptive Republican nominee and their expectations of a Trump vs Clinton fight for The White House... "This scenario is becoming increasingly serious..."


DHS, CIA and FBI should stop leaving their False Flag props everywhere...

"Extremely Dangerous" IED Found Under Bridge In Texas

Submitted by Tyler Durden on 05/04/2016 - 11:32 In recent weeks ISIS has been become far more brazen in its threats against US targets, and just last week released out a "hit list" which allegedly had the personal details of 3,600 New Yorkers whom it "wanted dead." And while it is unknown if there is a terrorist link, the threat may have hit closer to home for residents in Rosebud, Texas when the McLennan County Sheriff’s office and a bomb squad used a water cannon to breach a suspicious device found under a bridge Tuesday night.

"Pakistan Is At Best A Frenemy" - Washington Pulls The Plug On Subsidizing F-16s For India's Neighbor

Submitted by Tyler Durden on 05/04/2016 - 11:15 "They take our money, take our arms and laugh in our face. Pakistan is at best a frenemy, part friend and a lot enemy."

Stand Aside JP Morgan, A New Player In The Silver Market Has Arrived

Submitted by Tyler Durden on 05/04/2016 - 10:56 The days of JP Morgan controlling the silver market may be numbered as a new player in the silver market has arrived.  For the past several years, JP Morgan held the most silver on a public exchange in the world.  While the LBMA may hold (or did hold) more silver, their stockpiles are not made public. Regardless, JP Morgan held the most silver at nearly 74 million oz (Moz) in its warehouse, up until recently...

Crude Slumps On Big Inventory Build Despite Biggest Production Plunge In 10 Months

Submitted by Tyler Durden on 05/04/2016 - 10:39 Overnight exuberance sparked by lower than expected Cushing build reported by API is fading on the heels of June OPEC headlines of no production limits (and rising Saudi production) heading into DOE inventory data. Crude inventories printed a significantly higher than expected 2.78mm build but Cushing saw a smaller than expected build of 243k. Gaosline surprised with a 536k build (API 1.17m draw) and Distillates saw a smaller than API build of 1.26m barrels.  The biggest news was the biggest plunge in US production since July 2015, and yet inventories still rose suggesting that fundamentally this is and has been as much a demand story as one of supply (even as OPEC countries are happy to offset declining US output).

Here Comes The Turkish Flood: EU Commission Backs Visa-Free Travel For 80 Million Turks

Submitted by Tyler Durden on 05/04/2016 - 10:34 Earlier this week we observed that in what may be Europe's latest mistake, the European Union is about to grant visa-gree travel to 80 million Turks: a key concession that Erdogan obtained as a result of the ongoing negotiations over Europe's refugee crisis which has pushed Turkey into the key player spotlight. And then, overnight, the European Commission officially granted its support to a visa-free travel deal with Turkey after Ankara threatened to back out of a landmark migration deal. It proposed to lift visa requirements by the end of June.

Core Durable Goods Orders Tumble For 14th Month To Lowest Since 2013

Submitted by Tyler Durden on 05/04/2016 - 10:23 As the avalanche of data comes to an end for today, following factory orders, durable goods final data for March paints an ugly picture of the US manufacturing economy. Not only did Core Durable Goods Orders drop 1.4% YoY - the most since Dec 2015 - but the overall level fell to its lowest since Dec 2013. The 14th straight month of YoY declines has not occurred absent an overall US economic recession, and this is the first 27-month decline since Lehman...

The Central Bank War On Savers - The Big Lie Beneath

Submitted by Tyler Durden on 05/04/2016 - 09:53 The central bank war on savers is rooted in a monumental case of the Big Lie. Here is what a retired worker who managed to save $5,000 per year over a 40 year’s lifetime of toil and sweat in a steel factory now earns in daily interest on a bank CD. To wit, a single cup of cappuccino. Yet the central bankers claim they have absolutely nothing to do with this flaming economic injustice.

The Manufacturing Recession That Won't Go Away: Factory Orders Rebound From 5 Year Lows, Decline For 17 Months

Submitted by Tyler Durden on 05/04/2016 - 10:14 In 60 years, the US economy has never suffered a 17-month continuous YoY drop in Factory orders without being in recession. Which begs the question: are we in one now. Moments ago the Department of Commerce confirmed that in March, US factory orders - despite rising 1.1% sequentially and above the 0.6% expected -  declined for 17th consecutive month on an annual basis, dropping 4.2% from a year ago.

US Services Data Rebounds But Jobs, Backlogs "Highlight Fragility" Of US Economy

Submitted by Tyler Durden on 05/04/2016 - 10:07 Despite a modest rise in April's headline Services PMI print to 52.8 (from 52.1) the details under the surface paint a different picture (remaining weaker than its post-crisis average of 55.6). The rate of employment growth was the weakest seen since December 2015 as backlogs of work declined for the ninth consecutive month, which is the longest continuous period of depletion since the survey began in late-2009.   ISM Services data also beat expectations, rising to 55.7 despite a drop in business activity and backlogs. As Markit warns, "the fragility of growth is highlighted by inflows of new business rising at a rate only marginally above the post-recession low."

Media Lies And The Liars Who Write Them

from The Sleuth Journal:

Recently, a poll asked people how much trust they have in mainstream media. The result was shocking.
Let’s remember that mass media are part of large conglomerates that belong to the entertainment industry, which in turn are owned by larger corporations.
Can you imagine the force and the power behind organizations like CNN, FOX NEWS, the BBC or The New York Times?
That is why it is shocking to learn that only 6% of the people who participated in the poll -two thousand in total- said they trusted mainstream media news.
Read More

The Trump Doctrine

from Washington’s Blog:

Here’s a condensed version of Donald Trump’s recent speech that I’m considering offering on gold-ish plating for $19.98:
Nationalism, World War II mythology, and militarism must go unquestioned. But when they’ve been used in the past 25 years the results have been disastrous. We’re all ready now to admit that Iraq was a horror, and we can do that more comfortably by lumping it with the horrors of Libya and Syria, and by pretending that people in our government meant well. But U.S. militarism created ISIS.
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Vaccine ‘training’ for doctors is nothing more than obedience indoctrination … Doctors are never even told that Thimerosal is mercury

by J. D. Heyes, Natural News:
Physicians in training learn a great deal about disease processes, signs, symptoms and potential treatments – many of which involve the use of vaccines. But they are not actually taught about the controversy surrounding them, or what damaging ingredients vaccines actually contain.
As noted in this video, Americans are simply fed the mantra that “all vaccines are safe and effective,” and that all doctors are “expert” scientists when it comes to vaccination.
Dr. Suzanne Humphries, MD., speaking at a podium in the video, says that many people don’t know that doctors are not taught about vaccines in medical school.
Read More

China Unleashes SPR (Strategic Porcine Reserve) As Pork Price Surge Threatens Social Unrest

Submitted by Tyler Durden on 05/04/2016 - 12:22 Porkflation is a very delicate, and very concerning issue for China. The massive amounts of layoffs that China has experienced as a result of a slowing economy has already lead to some social unrest, and pork prices exploding higher for those unemployed will only add fuel to that simmering fire. As such, Beijing has announced that it will release 3.05m kilograms of frozen pork reserve into the capital's market between May 5 and July 4, in an attempt to lower prices. The impact on prices may be short lived however, as China may not have the sows to be able to continue the subsidy.




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