Submitted by Tyler Durden on 05/20/2016 - 11:58
"Hillary Clinton Is A Danger To World Peace", French Presidential Frontrunner Le Pen Warns
Submitted by Tyler Durden on 05/20/2016 - 10:24 “I think if she was elected she would continue this policy, a destructive policy, a policy of conflict, a policy of imprisonment of Europe in blinded Atlanticism,” Le Pen said. “I think it’s a danger for world peace.”
Earlier this week, in the post Donald Trump Will Meet War Criminal Henry Kissinger, I pointed out the following:Since clinching the Republican nomination, Trump’s true colors have started to emerge. He named a former Goldman Sachs partner to run his fundraising efforts, he named petty authoritarian, gangster wannabe Chris Christie to run his transition team, and he chose “everyone’s a terrorist” Rudy Giuliani as his planned head of the domestic gestapo, the Department of Homeland Security. He’s also been endorsed by Orc King Sheldon Adelson, who said he was prepared to spend $100 million to get him elected. Now he’s off to kiss the blood-soaked hands of Henry Kissinger.
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Tear Gas, Bullets Fired As Anti-Government Protesters Storm Baghdad Green Zone; Curfew Imposed
Submitted by Tyler Durden on 05/20/2016 - 11:45 Update: Curfew has been imposed in Baghdad.The situation in Iraq had already become very dangerous, as we reported in earlier in the month, after the Iraq PM ordered arrests in order to disband Green Zone protests. As Reuters reports, Anti-government protesters are back at it, and have stormed into Baghdad's Green Zone, allegedly reaching the Council of Ministers building.
Little Known Lawsuit Exposes Yet Another Major Cyberheist In 'Secure' Global Payments System
Submitted by Tyler Durden on 05/20/2016 - 11:20 A few months ago, we reported the incredible story of how hackers stole $100 million from Bangladesh Central Bank by way of the New York Federal Reserve. Now, thanks to a little noticed lawsuit, details are emerging that hackers had initially stolen another $12 million from a bank in Ecuador, Banco del Austro, although the bank was able to get back about $2.8 million of the stolen money.
"Ugly Outcomes" Loom As Fed Suppression Forces Long Term Economic Repression
Submitted by Tyler Durden on 05/20/2016 - 10:59 The Federal Reserve has created a semblance of normality, but by suppressing interest rates they have enabled non-linear, and very possible ugly outcomes, to become entrenched in US public debt dynamics. The euro crisis from 2010 to this day show how difficult it can be to regain investor trust when the unsustainability is first revealed for all to see.
Satellite Image Reveals 1.2 Mile Oil Slick At Location Of Possible EgyptAir Crash
Submitted by Tyler Durden on 05/20/2016 - 10:42 Tthe European Space Agency says one of its satellites has spotted a possible oil slick in the same area of the Mediterranean Sea where EgyptAir Flight 804 disappeared. The agency said its Sentinel-1A radar satellite detected the 2 kilometer- (1.2 mile-) long slick about 40 kilometers (25 miles) southeast of the plane's last known location. It gave the coordinates as 33 32' N / 29 13' E.
Existing Home Sales Tumble In South, West Regions; Condo Sales Soar
Submitted by Tyler Durden on 05/20/2016 - 10:14 Single-family existing home sales rose just 0.6% MoM in April with The South and The West regions seeing notable declines in sales (down 2.7% and down 1.7% respectively). What saved the headline priont was a 10.3% surge in Condo sales - among the best monthly spikes since the crisis helped by a spike in sales in The Midwest - where prices are most affordable. While headline data beat expectations, NAR's Larry Yun warned that "the temporary relief from mortgage rates currently near three-year lows has helped preserve housing affordability this spring, but there's growing concern a number of buyers will be unable to find homes at affordable prices if wages don't rise and price growth doesn't slow."
Oil Supply Disruptions Quickly Fading As Canada, Libya, And Nigeria Resume Production
Submitted by Tyler Durden on 05/20/2016 - 10:00 Earlier this week, Goldman unleashed the latest oil rally when it admitted that while the oil market will take far longer to rebalance due to rising low-cost oil production, it said that material supply disruptions are providing a boost to near-term prices. Goldman provided the following visualization of unplanned ongoing outages where it highlighted the recent stoppages in Canada, Nigeria and Libya as the most prominent. But in a surprising twist, it appears that virtually all three of the main disruptions choke points are being resolved far quicker than expected.
Unintended Consequences Of Monetary Policy 101: Easy Money = Over-Capacity = Deflation
Submitted by Tyler Durden on 05/20/2016 - 09:59 Somewhere back in the depths of time the world got the idea that easy money - that is, low interest rates and high levels of government spending - would produce sustainable growth with modest but positive inflation. And for a while it seemed to work. But that was an illusion.
Business Loan Delinquencies Spike To Lehman Moment Level
Submitted by Tyler Durden on 05/20/2016 - 09:40 This could not have come at a more perfect time, with the Fed once again flip-flopping about raising rates. After appearing to wipe rate hikes off the table earlier this year, the Fed put them back on the table, perhaps as soon as June, according to the Fed minutes. A coterie of Fed heads was paraded in front of the media today and yesterday to make sure everyone got that point, pending further flip-flopping. Drowned out by this hullabaloo, the Board of Governors of the Federal Reserve released its delinquency and charge-off data for all commercial banks in the first quarter – very sobering data."Wrong Way Gartman"
Two Things Are Bothering A Bearish Dennis Gartman
Submitted by Tyler Durden on 05/20/2016 - 09:18 "We are net short of equities here in our account, although we are not materially so. We’ve only a few positions on: we are long of gold in EUR and Yen terms via GEUR and GYEN; we are long of a small bullish derivative of gold in US dollar terms and we are “short” of the market via derivatives positions. There are only two things that bother us..."
Here Are The Top Stock Holdings Of The 50 Biggest Hedge Funds
Submitted by Tyler Durden on 05/20/2016 - 08:41 Now that 13-F reporting season is over, we have the data to compile who bought, who sold, and what the top holdings of the largest hedge funds are.
Heavy Metals Sending A Warning To Economy, Markets
Submitted by Tyler Durden on 05/20/2016 - 08:20 The vast under-performance of industrial metals compared to precious metals may be a warning sign regarding the strength of economic demand and/or investor skittishness. Furthermore, if recent history is a guide, the stock market may have a difficult time defying gravity much further as the industrial metals continue their relative deterioration
China Demands US "Cease Immediately" Provocative Spy Plane Missions Near Its Borders
Submitted by Tyler Durden on 05/20/2016 - 08:03 Just days after a report that two Chinese J-11 fighter jets buzzed a US spy plane above the South China Sea, Beijing has officially escalated its displeasure at US surveillance up the chain of command and as Reuters reports, Beijing has demanded an end to all U.S. surveillance near China. "It must be pointed out that U.S. military planes frequently carry out reconnaissance in Chinese coastal waters, seriously endangering Chinese maritime security," China's Foreign Ministry spokesman Hong Lei Hong told reporters, adding that "we demand that the United States immediately cease this type of close reconnaissance activity to avoid having this sort of incident happening again."
"Shanghai Accord Flows Reverse" - Retail Investors Pull Money From Stocks For 6 Straight Weeks
Submitted by Tyler Durden on 05/20/2016 - 07:47 BofA summarizes the latest flow as a "reversal in Shanghai Accord flows" noting the "1st outflows from EM debt funds in 13 weeks; largest Japan inflows in 10 weeks; and 1st outflows from TIPS funds in 14 weeks; 1st" and adds that EPFR reports another week of risk-off flows: $5.8bn equity redemptions vs $2.8bn bond inflows & $1.8bn precious metals inflows (= largest in 11 weeks).
Egyptian Military Finds Debris, Personal Belongings From Crashed Airliner
Submitted by Tyler Durden on 05/20/2016 - 06:53 The Egyptian military said it has found EgyptAir Flight MS804 debris 290 km north of the Mediterranean coastal city of Alexandria. Egyptian army spokesman Brg. Gen. Mohammed Samir said on his verified Facebook page Friday that his military's search planes and vessels had discovered parts of the Airbus A320 along with some passengers' belongings.The military is certain the debris comes from Flight MS804 Samir told NBC News by phone, adding that the wreckage will be brought back to Egypt for investigation.
Futures Rise As Fed Fears Subside; Global Stocks Rebound From Six Week Lows
Submitted by Tyler Durden on 05/20/2016 - 06:40 It will be fitting, not to mention symmetric, if stocks which yesterday closed at 7 weeks lows and red for the year, end the week the same way they started it: with a rally on no news, just more hopes that oil (which as recently as two years ago none other than Chair Yellen said said would be be "unambiguously good" if lower) will continue rising. While US markets ended yesterday's trading on a sour note, that weakness has failed to spread to the rest of the world, and global shares rebounded from a six-week low as crude and commodity prices recovered, while the yen weakened on reduced demand for haven assets.
Illinois State Workers, Highest Paid In Nation, Demand Up To 29% Wage Hikes
Submitted by Tyler Durden on 05/20/2016 - 04:00 Illinois state workers are the highest paid in the nation. Yet, despite the fact that Illinois is for all practical purposes insolvent, the AFSCME union demands four-year raises ranging from 11.5 to 29 percent, overtime after 37.5 hours of work per week, five weeks of vacation and enhanced health care coverage.
Demand For Small Arms 'Protection' In Germany Explodes As Immigrant Fear Rises
Submitted by Tyler Durden on 05/20/2016 - 03:00 As the immigration crisis continues to intensify in Europe, Germans are buying protection - lots of it.
First Italy, Now Greek Banks Being Investigated For 'Funding' Politicians, Media
Submitted by Tyler Durden on 05/20/2016 - 02:00 With Trump going after billionaire-funded media in America, and Italy facing probes over its banking-system-controlled media, it is perhaps no surprise that yet another generally corrupt nation - Greece - is facing a parliamentary committee investigation into spuriously large 'bank loans' and highly-concentrated advertising spend made to various political parties and media groups in 2015. Probably just a coincidence that all the media that received the large amounts of advertisement were also pro Bailout- and Austerity-supporters ever since 2010.
from TRU News:
Several sources are confirming that banks based in Caribbean and
Central American countries are being denied access to their US funds,
commonly known as correspondent accounts.
Sources known to TRUNEWS have confirmed that local media in Panama are reporting that banks in that country are indeed being denied access to those funds. According to The Curacao Chronicle:
Several sources are confirming that banks based in Caribbean and
Central American countries are being denied access to their US funds,
commonly known as correspondent accounts.Sources known to TRUNEWS have confirmed that local media in Panama are reporting that banks in that country are indeed being denied access to those funds. According to The Curacao Chronicle:
Banco General SA and Banco Nacíonal de Panama SA are among those who reportedly are now without any means of receiving funds from the United States financial structure.Read More
by Paul Craig Roberts, Paul Craig Roberts:
It is not only American generals who are irresponsible and declare on
the basis of no evidence whatsoever that “Russia is an existential
threat to the United States” and also to the Baltic states, Poland,
Georgia, Ukraine, and all of Europe. British generals also participate
in the warmongering. UK retired general and former NATO commander Sir
Richard Shirreff, Deputy Supreme Allied Commander in Europe until 2014,
has just declared that nuclear war with Russia is “entirely possible”
within the year.
http://www.dailymail.co.uk/news/article-3596977/The-outbreak-nuclear-war-year-West-Putin-entirely-plausible-says-former-NATO-chief-promoting-novel-2017-war-Russia.html
My loyal readers know that I, myself, have been warning for some time about the likelihood of nuclear war. However, there is a vast difference between me and the Western generals. I see the war as the consequence of the neoconservative drive for US world hegemony. The neoconservative drive for world hegemony is acknowledged by the neoconservatives themselves in their public position papers, and it has a 15 year record of being implemented in America’s many and ongoing wars in the Middle East and Africa. Although the Presstitute media does its best to keep our focus away from the known facts, the facts remain known.
Read More
It is not only American generals who are irresponsible and declare on
the basis of no evidence whatsoever that “Russia is an existential
threat to the United States” and also to the Baltic states, Poland,
Georgia, Ukraine, and all of Europe. British generals also participate
in the warmongering. UK retired general and former NATO commander Sir
Richard Shirreff, Deputy Supreme Allied Commander in Europe until 2014,
has just declared that nuclear war with Russia is “entirely possible”
within the year.
http://www.dailymail.co.uk/news/article-3596977/The-outbreak-nuclear-war-year-West-Putin-entirely-plausible-says-former-NATO-chief-promoting-novel-2017-war-Russia.html
My loyal readers know that I, myself, have been warning for some time about the likelihood of nuclear war. However, there is a vast difference between me and the Western generals. I see the war as the consequence of the neoconservative drive for US world hegemony. The neoconservative drive for world hegemony is acknowledged by the neoconservatives themselves in their public position papers, and it has a 15 year record of being implemented in America’s many and ongoing wars in the Middle East and Africa. Although the Presstitute media does its best to keep our focus away from the known facts, the facts remain known.
Read More
by Dave Kranzler, Investment Research Dynamics:
CNBC announced yesterday that “The ‘audit the Fed’ movement is taking a
big step in Congress this week.” Only here’s the problem:
The bill seeks not a financial exam of the U.S. central bank but rather a peek behind the curtain of how monetary decision-making happens.
The first time I read that, it me left somewhat stunned. “A peek behind the curtain” of how monetary decisions happen? Seriously? I think we get to see this in action every day between FOMC meetings, when the various Federal Reserve retards step up to the podium to drool all over themselves as they as mumble incoherently about raising interest rates at the next meeting. In fact, just today some chode from the Atlanta Fed named Lockhart stated that:
CNBC announced yesterday that “The ‘audit the Fed’ movement is taking a
big step in Congress this week.” Only here’s the problem:The bill seeks not a financial exam of the U.S. central bank but rather a peek behind the curtain of how monetary decision-making happens.
The first time I read that, it me left somewhat stunned. “A peek behind the curtain” of how monetary decisions happen? Seriously? I think we get to see this in action every day between FOMC meetings, when the various Federal Reserve retards step up to the podium to drool all over themselves as they as mumble incoherently about raising interest rates at the next meeting. In fact, just today some chode from the Atlanta Fed named Lockhart stated that:
June certainly could be a meeting at which action could be taken. I think it is a little early at second-quarter data to draw a conclusion, so I am at this stage inconclusive about how I am going to be thinking about June, but I wouldn’t take it off the table.Read More
by Geoffrey Grider, Now The End Begins:
ORGANIZERS OF THE MINNESOTA-BASED ‘FLUSH TARGET’ CAMPAIGN — AN OUTFIT
OPPOSED TO TARGET’S NEW POLICY THAT ALLOWS TRANSGENDER MEN AND BOYS TO
USE WOMEN’S RESTROOMS AND DRESSING ROOMS IN ITS STORES — HAVE RELEASED A
NEW ONLINE AD, BLASTING THE CLOTHIER’S POLICY
“Any man at anytime could enter a women’s bathroom simply by claiming to be a woman that day,” a woman is heard saying in the ad entitled, “Stop TARGETing Women and Children.”
Read More
ORGANIZERS OF THE MINNESOTA-BASED ‘FLUSH TARGET’ CAMPAIGN — AN OUTFIT
OPPOSED TO TARGET’S NEW POLICY THAT ALLOWS TRANSGENDER MEN AND BOYS TO
USE WOMEN’S RESTROOMS AND DRESSING ROOMS IN ITS STORES — HAVE RELEASED A
NEW ONLINE AD, BLASTING THE CLOTHIER’S POLICY“Any man at anytime could enter a women’s bathroom simply by claiming to be a woman that day,” a woman is heard saying in the ad entitled, “Stop TARGETing Women and Children.”
Read More
by Dave Hodges, The Common Sense Show:
Soros has warned of risks which originate from the Chinese economy.
This certainly gives the appearance that its debt-ridden economy
resembles the United States in 2007-08, before the derivatives markets
led to a global recession.
In January, many leading hedge fund manager said a crash landing China was a near certainty adding that such an event would worsen global deflationary pressures, deflate stocks and of course, increase the value of U.S. government bonds. George Soros subsequently moved about 40% of his portfolio our of tradition American investments and BOUGHT GOLD. I always say that when living in a crashing economy, do what a prominent globalist does. In other words we should racing to the exits to buy gold, not the certificates, the real thing.
Read More
Soros has warned of risks which originate from the Chinese economy.
This certainly gives the appearance that its debt-ridden economy
resembles the United States in 2007-08, before the derivatives markets
led to a global recession.In January, many leading hedge fund manager said a crash landing China was a near certainty adding that such an event would worsen global deflationary pressures, deflate stocks and of course, increase the value of U.S. government bonds. George Soros subsequently moved about 40% of his portfolio our of tradition American investments and BOUGHT GOLD. I always say that when living in a crashing economy, do what a prominent globalist does. In other words we should racing to the exits to buy gold, not the certificates, the real thing.
Read More
from Harvey Organ:
GOLD/SILVER EQUITY SHARES RISE/EGYPTIAN PASSENGER AIRCRAFT GOES DOWN IN
THE MEDITERRANEAN SUBJECT TO A TERRORIST ATTACK/SUSPECTED LOCI WAS THE
CHARLES DE GAULLE AIRPORT IN PARIS/5 BANKS INCLUDING DEUTSCHE BANK AND
BANK OF AMERICA SUED FOR FRAUD AND PRICE FIXING IN AGENCY BONDS/ELIZ
HOLMES OF THERANOS ADMITS THAT HER BILLION DOLLAR COMPANY IS A
FRAUD/PHILLY MFG INDEX PLUMMET TO NEGATIVE TERRITORY AGAIN
Yesterday I wrote the following:
“No doubt that the entire trading of gold and silver today was orchestrated by our crooked banks. They were massively selling paper gold throughout the night and early morning. Even the one billion dollar bid for gold early this morning did not spook the crooks. At 2 pm they released the beige book report and the Fed stated that it is likely that they will raise rates in June. The USA should raise rates but the problem will be China who has threatened to lower dramatically the yuan and in so doing would absolutely kill Japan, South Korea and the emerging markets. Besides no Fed would be stupid enough to raise rates three months before a USA election.”
Read More
GOLD/SILVER EQUITY SHARES RISE/EGYPTIAN PASSENGER AIRCRAFT GOES DOWN IN
THE MEDITERRANEAN SUBJECT TO A TERRORIST ATTACK/SUSPECTED LOCI WAS THE
CHARLES DE GAULLE AIRPORT IN PARIS/5 BANKS INCLUDING DEUTSCHE BANK AND
BANK OF AMERICA SUED FOR FRAUD AND PRICE FIXING IN AGENCY BONDS/ELIZ
HOLMES OF THERANOS ADMITS THAT HER BILLION DOLLAR COMPANY IS A
FRAUD/PHILLY MFG INDEX PLUMMET TO NEGATIVE TERRITORY AGAINYesterday I wrote the following:
“No doubt that the entire trading of gold and silver today was orchestrated by our crooked banks. They were massively selling paper gold throughout the night and early morning. Even the one billion dollar bid for gold early this morning did not spook the crooks. At 2 pm they released the beige book report and the Fed stated that it is likely that they will raise rates in June. The USA should raise rates but the problem will be China who has threatened to lower dramatically the yuan and in so doing would absolutely kill Japan, South Korea and the emerging markets. Besides no Fed would be stupid enough to raise rates three months before a USA election.”
Read More
from LaRouche PAC:
Following the Senate’s unanimous passage of JASTA (the Justice Against
Sponsors of Terrorism Act), allowing victims of the 9/11 terror attacks
to sue the monarchy of Saudi Arabia, the survivors and victims’ families
issued a statement of gratitude and determination, which chose as its
target, Barack Obama. “We are tired,” they said, “of witnessing
President Obama block our path to justice.”
They identified the right target. Obama plans to veto the JASTA legislation, protecting the Saudi and British sponsorship of jihadi terrorism worldwide. He has refused for eight years to allow release of the secret final chapter (“the 28 pages”) of the Congressional Inquiry into the 9/11 murders, and other evidence on the role Saudi Arabia played.
Read More
Following the Senate’s unanimous passage of JASTA (the Justice Against
Sponsors of Terrorism Act), allowing victims of the 9/11 terror attacks
to sue the monarchy of Saudi Arabia, the survivors and victims’ families
issued a statement of gratitude and determination, which chose as its
target, Barack Obama. “We are tired,” they said, “of witnessing
President Obama block our path to justice.”They identified the right target. Obama plans to veto the JASTA legislation, protecting the Saudi and British sponsorship of jihadi terrorism worldwide. He has refused for eight years to allow release of the secret final chapter (“the 28 pages”) of the Congressional Inquiry into the 9/11 murders, and other evidence on the role Saudi Arabia played.
Read More
by Jim W. Dean, Veterans Today:
You just can’t make this stuff up. The gang that can’t shoot straight
is posing a third party candidate at this late stage to beat Trump,
something that does not have a snowball’s chance in hell of succeeding,
but they are pushing ahead away, which begs the question why.
The only predictable result of such a fiasco would be to throw the election to Hillary, which must have Bill and Hillary jumping for glee.
Such a ploy would hack a huge rift in the Republican party, which would not be bad in the long term to educate the idiots how they have stood by while drinking the Koolaid and letting a band of mega-criminals get control of a large part of the political party.
Read More
You just can’t make this stuff up. The gang that can’t shoot straight
is posing a third party candidate at this late stage to beat Trump,
something that does not have a snowball’s chance in hell of succeeding,
but they are pushing ahead away, which begs the question why.The only predictable result of such a fiasco would be to throw the election to Hillary, which must have Bill and Hillary jumping for glee.
Such a ploy would hack a huge rift in the Republican party, which would not be bad in the long term to educate the idiots how they have stood by while drinking the Koolaid and letting a band of mega-criminals get control of a large part of the political party.
Read More
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