"We're Going To Do It, F**k It" - Venezuela's Maduro Orders Military Exercises For Next Weekend

Submitted by Tyler Durden on 05/15/2016 - 19:09
"Comrades, I am ready to hand over to communal power the factories that some conservative big wigs in this country have stopped. An idled factory is a factory handed over to the people. We are going to do it, fuck it" Venezuela President Maduro boomed at a weekend rally during which he warned that "trouble-makers were fomenting violence to justify a foreign invasion" and ordered military exercises for next weekend. 

Goldman Cuts 2017 Oil Price Forecast Due To Slower Market Rebalancing

Submitted by Tyler Durden on 05/15/2016 - 21:31 "We expect that the return of some of these outages as well as higher Iran and Iraq production will more than offset lingering issues in Nigeria and our higher demand forecast. As a result, we now forecast a more gradual decline in inventories in 2H than previously and a return into surplus in 1Q17, with low-cost production continuing to grow in the New Oil Order. This leads us to lower our 2017 forecast with prices in 1Q17 at $45/bbl and only reaching $60/bbl by 4Q17."
 

Zuckerberg To Meet Conservative Media Figureheads As Facebook Censorship Scandal Escalates

Submitted by Tyler Durden on 05/15/2016 - 21:28 In an attempt to resolve the ongoing "conservative censorship" crisis at Facebook, Mark Zuckerberg has invited prominent conservative media figures, including Glenn Beck and Dana Perino, to a meeting at Facebook's headquarters this week. As CNN reports, the meeting is scheduled for Wednesday and aims at addressing the alleged suppression of conservative news stories in Facebook's "trending" stories section. Along with Dana Perino and Glenn Beck, other confirmed attendees include Arthur Brooks of the American Enterprise Institute, CNN conservative commentator SE Cupp, and Zac Moffatt, co-founder of tech firm Targeted Victory. Moffatt was previously Mitt Romney's digital director.
 

FBI Agents Busted For Planting Hidden Surveillance Microphones In Public Places

Submitted by Tyler Durden on 05/15/2016 - 21:15 "Hidden microphones that are part of a clandestine government surveillance program that has been operating around the Bay Area has been exposed." If Congress wasn’t so busy being corrupt shills for the powerful it might do something to stop this. We're not holding our breath. Time and time again throughout U.S. history, you see the FBI working to undermine the public’s freedom in order to protect whatever racket their status quo masters happen to be running at the time.
  

Libya's Central Bank Has $184 Million In Gold In Its Vault... It Just Doesn't Know The Combination

Submitted by Tyler Durden on 05/15/2016 - 20:53 Imagine a world in which the chief of a central bank didn't have access to cash. Now stop imagining and take a look at the situation in Libya, where the central bank chief sits in Eastern Libya, while the headquarters is further West in Tripoli, and despite Tripoli sending $23.5 million each month to Eastern Libya, it's only a fraction of what central bank governor Ali El Hibri says is needed to pay the bills ($257 million to be exact). The situation becomes even more strange when the fact that Eastern Libya actually does have a significant amount of gold and silver that it could use to sell and convert to cash, but it's in a vault that requires a five-number access code that nobody seems to have. Nobody that is, except for El Hibri's counterparts in Tripoli that is, and they won't give the code out.
 

Ludwig von Mises' Top 9 Quotes On Gold

Submitted by Tyler Durden on 05/15/2016 - 20:25 "The classical or orthodox gold standard alone is a truly effective check on the power of the government to inflate the currency. Without such a check all other constitutional safeguards can be rendered vain."

"It's Pretty Much Open Season" - Shoplifting Runs Rampant In California After Rule Changes

Submitted by Tyler Durden on 05/15/2016 - 20:00 It turns out that thieves are smarter than politicians give them credit for, and thanks to Proposition 47 that passed in late 2014, this is something California is learning the hard way. Now that any theft below $950 keeps the crime a misdemeanor, thus ending the possibility of charging those cases as a felony with a potential prison sentence, shoplifting has increased significantly, thus adding to the expense and headache for large and small retailers alike.

Is Homeland Security Creating Travel Havoc To Force People Into Precheck Programs?

Submitted by Tyler Durden on 05/15/2016 - 19:35 The TSA and Homeland must have known that wait times would soar if more rigorous screening was implemented. They did it anyway. As AP reports, in the past three years, the TSA and Congress cut the number of front-line screeners by 4,622 — or about 10 percent — on expectations that an expedited screening program called PreCheck would speed up the lines. However, not enough people enrolled for TSA to realize the anticipated efficiencies. In other words, PreCheck has been in a failure. Not enough Americans have been willing to make themselves “known” to FedGov and Homeland Security. The way to fix it is to make people so miserable that they join.

The GOP Finally Gets It: "People Just Don't Care, Trump Rewrote The Playbook"

Submitted by Tyler Durden on 05/15/2016 - 18:50 In a shocking moment of clarity, that should also send shivers up the spine of the Democratic party, Republican chairman (and implicity voice of 'the establishment') Reince Priebus admitted on various Sunday talk-shows that campaign traditions don't apply to the so-called Teflon Don noting that "the public just wasn't interested" in his taxes or the various 'stories' that the Deep State is throwing at him. "I don't think the traditional playbook applies.. We've been down this road for a year. And it doesn't apply," Priebus exclaimed, and why the Clinton campaign is likely scrambling, "He's rewritten the playbook."

"The Global Negative Feedback Loop" - Why Investors Are Fleeing Capital Markets

Submitted by Tyler Durden on 05/15/2016 - 18:30 Investors are fleeing and volumes are falling due to extreme valuations amid global uncertainties related to monetary policy and political decisions made in wake of the 2007-2009 financial crisis. It’s a flight that’s creating a negative feedback loop. "First it’s China, then Japan, then the ECB. When you singe the fingertips of speculators, they don’t like to play anymore," says Brean Capital managing director Russ Certo. Investors "are stewards of other people’s money and they don’t want to allocate capital to a pyramid scheme."

Peak Absurdity?

Submitted by Tyler Durden on 05/15/2016 - 18:20

IceCap Asset Management: "The Trend Continues"

Submitted by Tyler Durden on 05/15/2016 - 17:58 "As we continue to search the world for changes in trend, we must objectively report that there have been no changes to trends in economic growth. Around the world, growth continues to GRIND lower. Countries that were once high fliers, have now become low fliers. Countries that were once Steady-Eddies, have now become Wobbly Willies. And Countries that were once Nervous-Nancies have become Panicking Patty’s."

Barbara Boxer Meltdown Exposes Deep Divisions In Democratic Party

Submitted by Tyler Durden on 05/15/2016 - 17:56 "Let's hear it for Hillary Clinton," exclaimed Sen. Barbara Boxer, losing her cool after Bernie Sanders' supporters "bullied" her at the Nevada Democratic convention on Saturday. As BizPacreview reports, Boxer took the Las Vegas stage to raucous boos as her attempt to unify what is obviously as deeply divided a Democratic party as the mainstream would have everyone believe the Republican party is. "I'm for Hillary Clinton and she's for all of us,” she yelled. "Keep on booing and boo yourselves out of this election."

Waves Not Solid Cycles - Echoes Of 2008 Warrant Worries

Submitted by Tyler Durden on 05/15/2016 - 17:30 The current rash of cautious ignorant optimism is so very reminiscent of the period right after Bear Stearns in 2008. Ben Bernanke as late as June 2008: "The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so." Janet Yellen said, “the strong incoming data on spending eased my fears that we are in or are approaching a recession regime” before expressing confidence in rate hikes starting in December 2008! The mainstream takes the absence of further liquidation as if there will be no more liquidations when in fact the likelihood of more of them only rises the more they are artificially “contained.”

London's Ex-Mayor Compares The European Union To Hitler

Submitted by Tyler Durden on 05/15/2016 - 16:57 The history of the last couple of thousand years has been broadly repeated attempts by various people or institutions – in a Freudian way – to rediscover the lost childhood of Europe, this golden age of peace and prosperity under the Romans, by trying to unify it. Napoleon, Hitler, various people tried this out, and it ends tragically."

Scenes From The Venezuela Apocalypse: "Countless Wounded" After 5,000 Loot Supermarket Looking For Food

Submitted by Tyler Durden on 05/15/2016 - 16:57

PAPER SILVER Can’t Trump PHYSICAL — CEO Joseph Grosso

by SGT, SGT Report.com:
Silver mining veteran Joseph Grosso, the CEO & President of Golden Arrow Resources joins me to talk about the state of the precious metals mining market, the proven paper manipulation of gold and silver and the exciting opportunities in Argentina with Golden Arrow Resource’s Chinchillas silver mining project which boasts at least 242 millions ounces of physical silver in ground. During the gold and silver bull market of the 70’s, generational wealth was made through precious metals mining stocks, and for smart money, it looks like it’s about to happen again.

SILVER REMAINS THE CHEAPEST INVESTMENT ON EARTH — Dave Kranzler

by SGT, SGT Report.com:
Our friend Dave Kranzler, founder of Investment Research Dynamics returns to SGT Report to discuss the systemic crimes of the U.S. State Department, U.S. Department of Justice and the crimes of the Hillary Clinton. The latest news from the State Department is just another example of the systemic corruption that is turning the United States into a Banana Republic. The corruption we see at the highest levels of the U.S. government is challenged only by the monetary corruption at the Federal Reserve, Comex and the LBMA. But as PHYSICAL precious metal moves away from the fraudulent western paper metals markets, the writing is on the wall. And despite silver’s rise in price year-to-date Dave reminds us that silver is still “the cheapest investment on earth.” Thanks for joining us.

Conservativism, Inc., Hates Trump

by Paul Gottfried, Lew Rcokwell:
Having just read Ilana Mercer’s blistering attack on the pseudo-conservative credentials of Donald Trump’s “conservative” opponents, I sent her polemic to a young friend. Whereupon the friend told me that Ilana’s blast at South Carolina Governor Nikki Haley’s for pulling down the Confederate Battle Flag may not be a good thing for Trump to get into. After all, many Americans now identify the Battle Flag with the Swastika; and bringing up this divisive matter may not be advisable for a Republican presidential candidate.
I disagree totally and don’t believe that leftist bullies, including Max Boot and his ilk, can be defeated unless war is waged against them at all levels. Note that I’m not suggesting that a presidential campaign focuses on the vile cowardice of officials like Haley, who run to accommodate the bullying media as soon as the Washington Post and New York Times start to call the opposition “fascists,” “racists,” “homophobes” or “anti-Semites.” What I am suggesting is that there’s no use ducking certain issues. The ruling class acts on the basis of the old French saying” L’appétit vient en mangeant.” Every time one concedes an issue to them, they get bolder and demand something even more outrageous.
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You Know Those Missing Hillary Emails? Russia Might Leak 20,000 Of Them

by Claire Bernish, The Anti Media:
Hillary Clinton sits at the center of a raging firestorm concerning her arrangement of a private email account and server set up in her home — from which top secret information may have been deleted. But despite Bernie Sanders’ apparent annoyance with the “damn emails,” the scandal just exponentially intensified, when Judge Andrew Napolitano revealed on Monday that Russia has possession of around 20,000 of Clinton’s emails — leaving open the possibility her deletions might not have been permanent after all.
“There’s a debate going on in the Kremlin between the Foreign Ministry and the Intelligence Services about whether they should release the 20,000 of Mrs. Clinton’s emails that they have hacked into,” Napolitano told Fox News’ Megyn Kelly in an interview for The Kelly File.
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Bundy Ranch Political Prisoner Drops Bombshell From Jail: US Government Will Panic When This Comes Out

by Tim Brown, Freedom OutPost:
Reporter and political prisoner Pete Santilli of The Pete Santilli Show dropped a bombshell from jail earlier this week. He claims that the information below, once it comes out in the open in court, will have the US government in a panic.
In a recorded statement by Deb Jordan, Pete’s co-host, Santilli said that the information comes from the congressional record 1866.
“The dirt at Bundy Ranch is in Clark County,” Santilli began. “Clark County has always been a part of the State of Nevada and is not federal land in any way shape or form, period.”
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Will the New World Order Finally Get Its Own Nuremburg Tribunal?

by Phil Butler, New Eastern Outlook:
The people behind the scenes of today’s world crises could not have succeeded in reshaping so many nations without help. Creating a robotic billionaire monster like George Soros, and unleashing him on the former Soviet republics, it could never have led to so much turmoil. There have to be more adjutants, armies of them in fact, in order to reshape the world’s image. Today I will focus on Swedish politician, Carl Bildt is but one of a brigade of “pliable” lieutenants in the new world order scheme of things. By the end of this report the reader will better understand why so many fear Hillary Clinton, and why many in the UK desire an exit from the EU.
Carl Bildt’s Wikipedia page says he is “notable internationally, as a mediator of the Yugoslav Wars”. But I think the Wikipedia editors should amend the word “notable”, and replace it with “notorious”. Maybe I will do that myself, after writing this report. Bildt, who was instrumental in helping slice up Yugoslavia into management chunks, took part in something known as the Dayton Peace Agreement, where the ground rules for so-called peace in Bosnia and Herzegovina. The former Swedish Prime Minister later served as the United Nations Secretary-General’s Special Envoy for the Balkans, the perfect position for sewing up the former Yugoslavia into a tight little bundle of mini-states beholding to the US, Britain, and NATO. The effect these henchmen have in our world can best be seen in this paragraph from the DC World Affairs blog on the fate of Bosnia after Bilt and Dayton:
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Ontario Proposes Forced Reeducation For Parents Who Choose To Not Vaccinate Their Children

by Joe Wright, Activist Post:
When it comes to regulatory tyranny, Canada and the United States have been one-upping each other for some time. For most people who believe in medical choice, the march toward mandatory vaccination has raised an alarm, but for students of history it should be forced reeducation of any type that signifies when the final line is about to be crossed. Ontario, Canada has a new proposal…
Ontario holds Canada’s highest population and has long been setting vaccine standards which have been trending toward authoritarian. It’s new Immunization 2020 initiative seeks to build upon decades-old policies requiring by law that students be vaccinated in order to attend school, as well as children attending licensed daycare centers.
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Paul Craig Roberts Warned: The World Financial System Is On Fire And The Price Of Gold May Skyrocket

from The Money Trail:
Paul Craig Roberts – Warned The World Financial System Is On Fire And The Price Of Gold May Skyrocket

Venezuela Crumbles to Hyperinflation: 60-day Emergency Declared

from TRU News:
Venezuelan President Nicolas Maduro declared a 60-day state of emergency on Friday due to what he called plots from within the OPEC country and the United States to topple his leftist government.
Maduro did not provide details of the measure. A previous state of emergency, implemented in states near the Colombian border last year, suspended constitutional guarantees in those areas, except for guarantees relating to human rights.
Earlier on Friday, U.S. intelligence officials told reporters they were increasingly worried about the potential for an economic and political meltdown in Venezuela and predicted Maduro was not likely to complete his term.
Venezuela’s opposition is seeking to recall the unpopular leader, 53, amid a worsening crisis that includes food and medicine shortages, frequent power cuts, sporadic looting and galloping inflation.
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ARMS RACE CONFIRMED: Putin Says Russia Now Forced to ‘Neutralize’ Missile Shield

by Stuart J. Hooper, 21st Century Wire:
Yesterday, it was announced that the US had finally deployed its long awaited ‘missile defence shield’ in Europe with the first installation in Romania.
21WIRE determined that this would trigger a new global arms race between the US and Russia, and not ever 24 hours later we have, unfortunately, been proven correct.
Speaking on the worrying development, Russia’s President Vladimir Putin had this to say:
“Recent developments indicate that the situation isn’t getting better. Unfortunately, it’s deteriorating.”
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The Very Good Effect of More CO2

by F. William Engdahl, New Eastern Outlook:
Ever since the late Margaret Mead organized a conference in 1975 to deliberately propagate an unscientific fear campaign, fraudulently claiming that manmade emissions of CO2 gases were endangering the global climate, the UN, countless NGOs and many governments have spent billions of dollars trying to find ways to reduce CO2 “man-made” emissions. In those days it was known as Global Warming until measured temperatures began falling, whereupon when the sponsors of the colossal scientific fraud changed the name to Climate Change. The campaign has largely failed, fortunately for the future of life on the planet. One indication of a return to scientific honesty is a study just published by Washington’s NASA on the effects of CO2 across the planet since the 1980s.
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ECB Admits: “We’re the Magic People” in a Clown Show

by Don Quijones, Wolf Street:
Negative-Interest-Rate absurdity is another “rabbit out of the hat.”
For the second time this year, Spain’s caretaker government just managed to sell 50-year bonds in a €3 billion ($3.4 billion) deal. Despite maturing in the year 2066, when many of us won’t even be alive and the duty to pay back the debt (assuming it still exists) will have been handed down to our children’s children, the bonds will pay an annual interest rate of just 3.45%. Not only that, but the issuance was over-subscribed by €7 billion.
This is a mind-blowing turn-up for a country that just four years ago needed an unprecedented bailout from the Troika to save its saving banks and avert total financial collapse. It is also a resounding testament to the power of central bank policy to turn economic reality on its head.
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