Thursday, June 9, 2016

EBT Card Outage? 8 Days Into June And Many Americans Are Still Waiting For Food Stamp Money...


Widespread reports continue to pour in from all over the nation of “glitches” with the food stamp system.  It is eight days into the month and large numbers of people still have not received their benefits, and in other instances it is being reported that EBT cards are simply not working correctly.  So what in the world is going on here?  On downdetector.com there are scores of reports of problems with the EBT system from people all over the nation.  Could this simply be another example of government incompetence, or is something else at work here?

Gold: Welcome To The Weimar Death Spiral

by Dave Kranzler, Investment Research Dynamics:

For starters, I want to re-emphasize the importance of getting your money OUT of fiat currency and OUT of U.S. banks.  If you read this article and do not come to that conclusion, you will end up getting what you deserve:  Commerzbank To Hoard Euros  The Fed is devaluing the dollar every day.   My solution for day to day cash management is Bitgold.  I am not an “ambassador” or “affiliate.”  But I am convinced that it’s the best viable means of managing money that requires “fungability” – i.e. that you need for daily expenses.  You can sign-up for Bitgold here:   Gold-Backed “Checking” Account.  Bitgold operates OUTSIDE of the global Central Banking system.
Second, a colleague of mine told me he knows why the stock market is up today – because it’s open.   That’s not entirely a joke.  But what is a joke is the underlying cause:  rampant global money printing disguised as “quantitative easing  – or Central Bank asset monetization.”
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And An Even Louder Warning From Goldman: The "Yellen Call" Is Back And Will Limit Further Market Upside

With financial conditions having significantly recovered, it is reasonable to expect that the Yellen call will soon be back in the money following the June FOMC meeting. We believe June is largely off the table given the weakness of Friday’s employment report and the UK referendum on its EU membership in June. But we think the July meeting is live, without our US Economics team seeing a 40% probability of a second hike. With equity markets posting new highs this week, we think the ‘Yellen call’ is on track to move back into the money in 2016H2.

Mervyn King's Alarmist Warning: "All China's Assets In The US Might Be Annulled"

"China and other countries do not want to be in a situation where all their international assets are in effect dependent on the US. Of course the US would not want to renege on its debts, but if some awful conflagration occurred, then all China’s assets in the US might be annulled."

Mario Draghi Is Now Buying Junk Bonds

A few days after the ECB unexpectedly announced its CSPP, or corporate bond buying program which based on its definition was limited to investment grade, non-financial debt, we explained "Why The ECB Will Be Forced To Buy Junk Bonds", saying that "the EU corporate sector’s penchant for bond buybacks may ultimately force Draghi further down the ratings ladder lest the ECB should end up entangled tender offers or else end up without enough debt to monetize." This was confirmed on the very first day of the ECB's bond purchases.


Bond Bears Bewildered As Treasury Yields Tumble Below 'Red Line'

Yesterday we warned that a combination of extreme short positioning in bonds and Treasury yields sitting at a crucial support level meant trouble was looming. Today that 'support' level of 1.70% for 10Y yields has been well andtruly broken as 10Y trades to 1.66% - its lowest in 4 months...

Copper Is Crashing Again...

Dr.Copper is sick again as the almost unprecedented surge in inventories, that we detailed previously, continues to pressure the economic metal to its lowest levels since January...

With Daily Record Lows, Here Is A Chart OF German Bund Yields Since 1977

Two stunning statistics: according to Commerzbank almost two-thirds of all German sovereign debt outstanding now yields below minus-0.4%, which makes it ineligible for central-bank purchases. Additionally, as DB adds, Bund yield across the whole curve has gone negative for the first time. 

Jobs Schmobs - Who's Right?

The Department of Labor says initial jobless claims for the last week were 264k, better than expected and falling back towards best in 42 year lows. The Federal Reserve says Labor Market Conditions are deteriorating at the fastest rate since 2009. The Bureau of Labor Statistics said last week that nonfarm payrolls rose just 38k, the worst since 2010... So who is right?

Neocon Hillary Clinton Launches "Republicans Against Trump"

The ads promise potential supporters a “free ‘Republicans Against Trump’ sticker” if you pledge to oppose Trump in the fall. The small print, if a visitor scrolls to the bottom of the page, reads: “Paid for by Hillary for America.”

Soros Returns To Trading With "Big, Bearish" Bets On Economic Turmoil

After a nearly decade-long hiatus, not only has George Soros returned to trading, "lured by opportunities to profit from what he sees as coming economic troubles", but that he has personally directed "a series of big, bearish investments", meant to profit from the coming economic turmoil. The last time Soros became closely involved in his firm’s trading: 2007, "when he became worried about housing and placed bearish wagers." Over the next two years the bets netted more than $1 billion of gains.

Futures Slide On Rising Dollar As Global Bond Yields Hit Fresh Record Lows

Please do not adjust your screens: that off-green color you are seeing, that is not a malfunction. Yes, for the first time in six days, global stocks are lower with the MSCI all-country world index dipping from a 6 month high dragged down by lower European and Japanese equity markets, as the USDJPY dropped to a fresh five-week low while Treasury yields continued to hit new record lows because, as Bloomberg explains, "traders assessed the outlook for the global economy."


"Wrong Way Gartman"

Gartman Warns "Buying Equities Here Shall Be In The End An Ill-advised Action", Compares Ackman To Madoff

Soros, Druckenmiller, Icahn, Goldman, Deutsche, and now... Dennis Gartman.

This is a Sign Manhattan’s Housing Bubble is Ready to Implode!

by Harry Dent, Wolf Street:
Those who come in last have the most to lose.
I’ve been doing a lot of traveling lately. Our lease ran up at our home in Tampa many weeks ago, and my wife and I have been staying at several of our favorite spots up and down the east coast. We’re in San Juan now, but last month I got a look at this new “billionaire’s row” that’s popped up on the south side of Central Park in New York.
Billionaire’s row is as ritzy and swanky as you can get. It’s right near the best shopping and restaurants, and you have a view of the entire park to the north from inside these buildings.
The skinny towers that line West 57th Street are altering Manhattan’s skyline. They’re far higher than any of the surrounding buildings, as new technology has allowed for these slender structures with small footprints to reach farther and farther into the sky.
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It Begins, The Yuan Goes Global As China Grants US First Investment Quota – Episode 992a

from X22Report:


Consumer credit slows in April, people are maxed out. Minimum wage hike hits many areas and employers start to reduce hours and layoff people. Hiring tumbles as companies put out more job openings. Student loans completely backfire, students are in more debt and have no jobs, this entire bubble is a disaster. Yuan goes global, China extends its hand to US and grants the US first investment quota.

15 Common Food Storage Mistakes To Avoid

by Gaye Levy, The Sleuth Journal:
Coming to terms with a realistic food storage strategy can be tough. Everyone seems to have an opinion whether it is to focus primarily on store-bought canned goods, commercially packaged freeze-dried products, or food that is preserved at home using a pressure canner. Each has advantages and disadvantage in terms of space, cost, portability, and convenience.
Regardless of your stand on food storage, there is a common thread among all preppers. We want our food storage to remain viable and nutritious for the longest period possible. The very last thing we want is to be in a situation where our stored food is no longer palatable or worse, spoiled.
By now you most likely know about the six enemies of food storage: temperature, oxygen, moisture, light, pest, and time. Conquering these factors is a constant struggle but over time, each of us learns to cope with them the best we can, and over the years, many books and blog post articles have been written to help you achieve optimal storage conditions.
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US Economy Priced in Gold

by Gary Christenson, Gold and Liberty:
We all know the debt load in the US economy is horrendous and unsustainable. The US government runs deficits of approximately $1 Trillion per year, even with interest rates at historical lows. Current official national debt exceeds $19 trillion, of which $13.9 trillion is public debt. Unfunded liabilities are much larger. Even a 7% average interest rate would require nearly $1 trillion per year for interest only debt service, thereby increasing national debt even more rapidly.
National debt has increased exponentially for the past 50 years. Expect the exponential increase to continue and accelerate, even with historically low interest rates.
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Beware the Women of the Hegemon

from Verify Events Research:


In this video we explore the role of women in war propaganda and domestic misinformation campaigns. The social engineers have created the myths that “women are for peace” and “female politicians cannot lie or be dishonest” or have dark agendas. Left propaganda outlets like “Democracy Now” routinely push the war agenda (ex. during the Libya, Syria wars), demonize their political enemies, and help cover up lies like the pre-engineered destruction of Building 7 on 9/11 (which would have taken months of planning to accomplish, even to the most aggressive/knowledgeable military planners). “Progressive” traitor Amy Goodman was in the front lines when according to her “THEY brought the building down”, but nobody seems to know where that rumor and pre-knowledge of the event originated. In this video compilation, we let the viewers see for themselves these artificially created myths regarding the “women of the hegemon” and their domestic and foreign policy hidden agendas. Wouldn’t it be nice to be able to sue or prosecute those individuals (selfish, ignorant Americans) that enable (vote) for those known corrupt war-criminals, over and over again?

GOLD STANDING FOR JUNE RISES TO 49.110 TONNES AND WE ARE NOW BACK TO LEVELS SEEN ON FIRST DAY NOTICE

from Harvey Organ:
JAPAN’S LARGEST BANKS EXITS THE PURCHASE OF JAPANESE GOVERNMENT BONDS/RHETORIC BETWEEN CHINA AND THE USA INTENSIFY AS USA PLANES COME CLOSE TO CHINESE TERRITORIAL WATERS/ THE BIG GERMAN COMMERZBANK NOW STATES THAT IT WILL HOARD PHYSICAL EUROS RATHER THAN DEPOSIT THEM AT THE ECB
The June gold contract is an active contract. Late last night we had a smaller 123 notices filed for 12300 oz. The total number of notices filed in the 7 days is enormous at 13006 for 1,300,600 oz. (40.54 tonnes) WHAT IS MORE FASCINATING WAS OUR FRONT JUNE MONTH INCREASED IN NET OI BY 678 CONTRACTS LAST THURSDAY(67,800 OZ). ON FRIDAY IT INCREASED BY 78 CONTRACTS OR 7800 OZ, ON MONDAY IT INCREASED BY 264 CONTRACTS OR 26400 OZ. YESTERDAY, IT INCREASED BY 284 CONTRACTS. FOR 28,400 OZ. AND TODAY IT INCREASED BY 38 CONTRACTS OR 3800 OZ. THE ENTITY STANDING DOES NOT WANT FIAT AND IT SURE LOOKS LIKE A SOVEREIGN IS STANDING FOR GOLD.
Let us have a look at the data for Wednesday, June 8.
Read More @ Harveyorganblog.com

After Repeated Denials, Facebook Now Admits its Employees Censored Targeted News Sites Like Natural News

by David Gutierrez, Natural News:
Facebook recently admitted in a letter to John Thune, chairman of the Senate Commerce Committee, that news curators hired by the company had the power to decide which stories to highlight in the Trending Topics section of the site.
The company said that some of those contractors could have used their discretion to discriminate against stories based on their political bent. The company also did not dispute claims that news curators had avoided linking to certain news sites, such as Breitbart, instead waiting for the same story to appear in a larger outlet.
Facebook said that these editorial decisions did not reflect company policy, and that news curators would be retrained to eliminate bias.
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Wikileaks’ Assange: Google Directly Allied with Clinton Campaign

from InfoWars:
Wikileaks’ founder warns of growing alliance between D.C. and tech giant
Google is “directly engaged” with the presidential campaign of Hillary Clinton, Wikileaks’ Julian Assange stated during an international forum Tuesday.
Speaking to the “New Era of Journalism: Farewell to Mainstream” symposium, hosted at Moscow’s Rossiya Segodnya International Multimedia Press Center, the Wikileaks founder warned of the tech giant’s close involvement with both Hillary as well as the Washington power structure.
“[Google] is directly engaged in Hillary Clinton’s campaign,” Assange said. “The chairman of Google, Eric Schmidt, set up a company to run the digital component of Hillary Clinton’s campaign.”
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Former Bank of England Head Mervyn King Joins Alan Greenspan in Advocating Gold Ownership

by Michael J. Kosares, GoldSeek:
In The End of Alchemy, Mervyn King, the former head of the Bank of England, writes of central banks’ frustration in dealing with the stagnant global economy. “Central banks,” he says, “have thrown everything at their economies, and yet the results have been disappointing, Whatever can be said about the world recovery since the crisis, it has been neither strong, nor sustainable, nor balanced.”
Similarly, former IMF chief economist, Olivier Blanchard was recently quoted in the Financial Times as saying: “And so the question is why is it, that with no fiscal consolidation and banks in decent shape, at least in terms of lending, and zero interest rates, we don’t have an enormous demand boom? That is now the puzzle.”
Alan Greenspan, in a recent interview with Fox Business News, offers the beginnings of an answer to Blanchard’s question – a question which happens to be on the minds of not just policy-makers but ordinary investors as well. “Our problem,” he said, “is not recession which is a short-term economic problem. I think you have a very profound long-term problem of economic growth at the time when the Western world, there is a very large migration from being a worker into being a recipient of social benefits as it is called. And this is legally mandated in all of our countries. The western world, he concludes, is headed to “a state of disaster.”
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