“Panic Buying of Food in New Jersey?”.

Jim Sinclair’s Commentary
 
I think the sheeplez are waking up.

“Panic Buying of Food in New Jersey?”Tuesday, July 12, 2016 6:17
“Supermarkets in northeastern New Jersey are literally swamped with customers tonight, so much so that in some locations like Hoboken, lines are literally around the store to get it! It is a rather unusual situation since there are no closures or shortages of any kind, so SuperStation95 sent one of our intrepid editors, Chris Rivera, to ask what- if anything- is going on?  He reports below:
“ShopRite in Hoboken, NJ is one of the largest supermarkets in Hudson County, and certainly the largest in this upscale, preppie, city of one square mile. Situated on the western side of the mighty Hudson River, one can see the entire New York City Skyline from just about everywhere in Hoboken.  It’s a beautiful city.
So what is it that is causing lines out the door and wrapping around supermarkets in town? Despite the huge parking lot, I had to find street parking to head over to the ShopRite. I found a space about a block away. As I approached, I could see lots of typical Hoboken folks, chatting with each other as they patiently wait to get inside. I asked a few, why the big lines? 
“Banks in Italy are collapsing” said Margarie Sytola. ”People can’t get money to buy food, the ATM’s are all out of cash.” I asked her why a banking issue in Italy would send her to the supermarket in Hoboken, NJ and she snapped back “The world is connected. What happens in Europe eventually happens here. I’m not going to be one of the people caught with nothing if the banks close.”
Jeff Charles, a nearby shopper who overheard our conversation, chimed-in. ”The banks never stopped gambling with our money after they were bailed out in 2008″ he said. ”The oldest bank in Italy, been in business since the year 1472, is going under. If a bank that old is going under, the rest don’t stand a chance” he said.
 
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Italy on the Brink

by Joseph T. Salerno, Economic Policy Journal:
As several articles over the past few days have indicated (here, here,here and here), Italy is on the brink of a full-blown banking crisis. Bad debts, or “non-performing loans,” held by the banking sector total 360 billion euros, which is a remarkable 17 percent of all the outstanding bank loans in Italy and equal to about one-fifth of the annual Italian GDP. It is also many times the level of bad debt held by Italian banks at the peak of the financial crisis in 2008. Since the beginning of 2016, prices of bank stocks have decreased by more than 50%. In the case of Italy’s oldest and most troubled bank, Banca Monte dei Paschi di Siena, its share price has declined more than 75%. It doesn’t help that the Italian economy is struggling mightily to recover from the last financial crisis and is still 8% smaller than it was in 2008 and roughly the same size as it was at the end of the twentieth century.
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Helicopter Money - The Biggest Fed Power Grab Yet

The Cleveland Fed’s Loretta Mester is a clueless apparatchik and Fed lifer, who joined the system in 1985 fresh out of Barnard and Princeton and has imbibed in its Keynesian groupthink and institutional arrogance ever since. So it’s not surprising that she was out flogging - albeit downunder in Australia - the next step in the Fed’s rolling coup d’ etat...“So it’s my view that [helicopter money] would be sort of the next step if we ever found ourselves in a situation where we wanted to be more accommodative." It’s the ultimate in 'something for nothing' economics.

War Is Coming And The Global Financial Situation Is A Lot Worse Than You May Think

by Michael Snyder, The Economic Collapse Blog:
On the surface, things seem pretty quiet in mid-July 2016. The biggest news stories are about the speculation surrounding Donald Trump’s choice of running mate, the stock market in the U.S. keeps setting new all-time record highs, and the media seems completely obsessed with Taylor Swift’s love life. But underneath the surface, it is a very different story. As you will see below, the conditions for a “perfect storm” are coming together very rapidly, and the rest of 2016 promises to be much more chaotic than what we have seen so far.
Let’s start with China. On Tuesday, an international tribunal in the Hague ruled against China’s territorial claims in the South China Sea. The Chinese government announced ahead of time that they do not recognize the jurisdiction of the tribunal, and they have absolutely no intention of abiding by the ruling.
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"The Resentment Will Explode" - In Dramatic Twist, McKinsey Slams Globalization

In a stunning study released today, one which refutes all its prior conclusions on the matter, McKinsey slams the establishment's status quo thinking and admits that the economic gains of changes in the global economy have not been widely shared lately, especially in the developed world. It finds that between 2005 and 2014, real incomes in the world's most advanced economies were flat or fell for 65 to 70% of households, or more than 540 million people.

Trump Picks Mike Pence As Vice President

While hardly a surprise to those who have been following the republican vice presidential race, moments ago Roll Call reported, citing a source, that Trump will pick Indiana governor Mike Pence as his vice president. In addition to Pence, Trump has considered former speaker of the House Newt Gingrich, New Jersey Gov. Chris Christie and Army Gen. Michael Flynn for the No. 2 spot on his ticket

Stocks Soar Most Since 2011 Fed Rescue As Bernanke's Masterplan Is Unveiled

“Soon” And “Really, Really Crazy”: Starting Up The Helicopters

by John Rubino, Dollar Collapse:
As the abject failures of the past few years’ monetary experiments became apparent, it was clear that something else would have to be tried. The only questions were when this would happen and how crazy the next iteration would be. Both answers are now coming into focus, and they’re looking like “soon” and “really, really crazy.”
Beginning with the most enthusiastic experimenter, Japan just reelected Shinzo Abe, of “Abenomics” fame, by a landslide, setting him free to turbo-charge his policy of massive government deficits fueled by unprecedented currency creation:
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Must be really desperate and need a huge distraction...

Congress To Release Classified "28 Pages" Detailing Saudi Involvement In 9/11 As Soon As Friday

The long-classified pages detailing alleged Saudi Arabia government ties to the 9/11 hijackers will be released by Congress as early as Friday, sources told CNN Thursday. Known as the "28 pages," the document was part of a 2002 Congressional investigation of the Sept. 11 attacks and has been classified since the report's completion.

Artist's Impression Of The American Legal System

Presented with no comment...

Loretta Lynch Ducks 74 Questions From Congress: "Avoiding Appearances Of Impropriety Or Protecting Hillary?"

“Really, it’s either one of two things: Either you’re trying to avoid the appearance of impropriety, in which case you should have recused yourself, or you’re trying to protect Hillary Clinton”

David Rosenberg: "This Is The Pain Trade"

"This is the pain trade.... When I look at valuations and I see PE multiples north of 20…I'm not going to say that the markets are in bubble territory but it's just a little too expensive for me right now."

Decision To Blow Up US Citizen With Robot Was Improvised In Less Than 20 Minutes

A hotly-contested decision by law enforcement to use a drone robot to blow up a U.S. citizen, who allegedly carried out the murders of five police officers in Dallas, just got exponentially more controversial - because, according to Dallas Police Chief David Brown, the “whole idea was improvised in about 15 to 20 minutes.”

What Britain's New Foreign Minister Really Thinks Of The World

In a somewhat shocking move, new UK PM Theresa May has appointed former London Mayor and always outspoken "Leave" campaign leader Boris Johnson as her Foreign Secretary. Given his history of foot-in-mouth disease, as Bloomberg reports, the chances of a diplomatic issue are high as from "sadistic nurse" Clinton to "dobby the house elf" Putin, we detail what Britain's latest foreign secretary thinks of his global peers...

The 3 Charts That No UK Property Fund Manager Wants You To See

Things just went from worst to worst-er in Britain's property market. Having detailed the numerous 'dominoes' that have begun to fall, and most recently the start of forced real asset liquidations, the hard data from Britain's Royal Institute of Chartered Surveyors (RICS) suggests Brexit just killed the British housing market. Simply put, as RICS concludes, this is the "most negative reading for near term expectations since 1998."

Is The Fed Helping Robots Find Jobs?

“When you buy a robot to replace a human employee, what you’re really doing is capitalizing the cost of the employee... So the real cost of a machine goes down when the cost of funds goes down. It’s a capital investment. So, when the cost of capital goes down to zero, a company with access to that cheap – or even free – money can afford to pay almost an infinite amount of money to get rid of its employees... In other words, Zero-interest-rate policy is really a full robot employment program.”

Three "Red Flags" That US Housing Is Starting To Roll Over

With the S&P500 at all time highs, it is time to look at the US housing market where, however, courtesy of some recent data by RealtyTrac, Bank of America and Credit Suisse we find that not all is well.

Welcome To Illinois (Where Every 5 Minutes Someone Moves Out)

Illinois has the worst migration statistics in the nation. Every 5 minutes, someone decides to leave...

Can the Banks Collapse Completely, With a Public that’s Fiat Entrenched?

from Rogue Money:
Unfortunately, when considering in the short run, the answer is most likely “NO”. For those of us in the US, most “needs” based products are imported, so payment will be left to the only thing we have left for payment, fiat paper. Which of course is held at our friendly Wall Street shyster bank. And as mentioned many many times here @ ‘roguemoney.net’ since the importers of our needs based goods are also holding our debt, which is becoming worthless, we will have to suffer some form of currency devaluations to satisfy our trade needs. Needs, we will soon be forced to pay up for, since fiat King Dollar toilet paper is the only thing most will have to meet their obligations at the World’s import trade windows.
Banks survive by the public’s need for them, and sadly we need them. INITIALLY, that is!
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The “Mass Psychosis” in Bonds Takes a New Twist

by Wolf Richter, Wolf Street:
A propitious day in our era of negative-yield pandemic.
For the first time ever, Germany sold 10-year bonds with a zero-percent coupon today. It sold these “Bunds” at a price that was above face value. So not only do investors not get a coupon payment, however minuscule, they’re also not getting all their capital back when the bonds are redeemed in 10 years at face value.
So on this propitious day in our era of negative-yield pandemic, these Bunds in the €4.038 billion issuance produced a negative yield of -0.05% and no coupon payments.
The only way buyers can make money on these things is if the yield drops deeper into the negative, and if they sell the bonds at this lower yield and thus at a higher price well before the maturity date – because on the maturity date, these bonds are worth their face value, not a cent more, no matter what the interest rate may be.
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This Is What Wikileaks’ Julian Assange Fears Will Happen If He’s Handed Over to U.S. Government

from The Anti Media:
MUNICH — Despite being trapped for the past four years in the Ecuadorean Embassy in London, WikiLeaks founder Julian Assange still “stays strong” and makes plans for even more dramatic publications.
That’s the word from Sarah Harrison, the investigations editor for WikiLeaks who is perhaps best known as NSA whistleblower Edward Snowden’s ally when he fled from Hong Kong to Moscow, where he has lived on asylum since 2013. Harrison spoke with Zain Raza, senior editor at independent media collective acTVism Munich, in a June 11 interview about Assange and the government transparency website’s future plans.
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Clinton Cash Author Reports – “The Strange Gaps in Hillary Clinton’s Email Traffic”

by Michael Krieger, Liberty Blitzkrieg:
Peter Schweizer, author of Clinton Cash, has published a very important and disturbing piece over at Politico titled, The Strange Gaps in Hillary Clinton’s Email Traffic.
Here are some key excerpts:
But, when it comes to Clinton’s correspondence, the most basic and troubling questions still remain unanswered: Why are there gaps in Clinton’s email history? Did she or her team delete emails that she should have made public?
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The Serious Warning No One’s Talking About

by Doug Casey, Casey Research:
On Tuesday, a huge event happened in the investing world.
But if you’re like most Americans, you probably haven’t even heard about it.
The mainstream media didn’t discuss this event much. It was too busy pointing out that the S&P 500 and Dow Jones Industrial Average have hit new all-time highs.
Meanwhile, something much bigger was happening on the other side of the world.
Today, we’ll tell you what this event was…and why it means big trouble is likely on the way for investors.
• Earlier this week, the Japanese yen plummeted…
It fell 1% over Monday and Tuesday.
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These 13 Families Rule the World: The Shadow Forces Behind the NWO

by Alexander Light, Intellihub:
They” want obedient “robots,” just intelligent enough to operate the machines and keep the system running.
The shadow forces behind the New World Order (NWO) are following a slow-paced agenda of total control over mankind and our planet’s resources. David Icke coined it the “Totalitarian Tip-Toe,” because “they” are making very small steps towards our complete and definitive enslavement.
As a result, the masses remain relatively unaware of the fact that their liberties are being gradually taken away, while the power of the NWO octopus grows steadily.
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