Peter Schiff: Time Is Running Out, “Crisis Worse Than 2008 Coming”

by Mac Slavo, SHTF Plan:
We are headed for disaster, and the only question is how long the economy can dodge a bullet.
The illusory bubble on Wall Street claims to be at record highs, but the reality, the underbelly, is dark indeed.
Economic expert Peter Schiff speaks on not only the safe haven of gold, and what is at stake in the election, but just how dire the financial consequences will be when the great storm hits and batters everyone.
As Before Its News reports:
Read More

Another "Smoking Gun" Looms As Hillary Campaign Admits Server Hacked

In the third cyberattack on Democratic Party-related servers, Reuters reports that the computer network used by Democratic presidential candidate Hillary Clinton’s campaign was hacked. This follows hacks of the DNC and the DCCC (the party's fund-raising committee) in the past week. Who to blame this time? Well with US intelligence head Jim Clapper having exclaimed that he was "somewhat taken aback by the hyperventilation [blaming Russia]" by Democratic surrogates, we suspect another scapegoat will need to be found.

The DNC Summarized (In 1 Simple Cartoon)

"Finish 'er off..."

Disaster At The DNC: Anti-Hillary Clinton Protests! | Mike Cernovich and Stefan Molyneux

from Stefan Molyneux:

If you thought the media was bad before, you won’t believe what they are hiding from you now! Stefan Molyneux is joined by Mike Cernovich of DangerAndPlay.com to discuss the fallout of the the Democratic National Committee Wikileaks scandal at the DNC convention in Philadelphia. Includes: mass anti-Hillary Clinton protests, police state like actions to counter protesting Bernie Sanders supporters, crackdowns on media access, hidden convention walkouts and much much more!

Weekend Reading: DNC – Discerning & Notional Conjugations

This week, the headlines have been dominated by the Democratic National Convention pushing Janet Yellen’s latest FOMC non-action to 'page 6'. "Global instability is now the perma-excuse for the Fed.” The only question will be where that instability pops up next?

The Full List Of Hillary's Planned Tax Hikes

"We are going to follow the money..."

 

The USA Debt Time-bomb Tocking, Ticking, Tock, Tick…

by F. William Engdahl, New Eastern Outlook:
Most of the world has an image of the United States as the one country of the advanced industrial world that took consequent action in the wake of the March 2007-September 2008 financial crisis. The result, we are carefully led to believe—via the politically ever-correct mainstream media like The New York Times or the CNBC financial network or Bloomberg—is that American banks and corporations today are back on their feet, healthy, robust. We are led to believe that eight years of Obama Administration economic genius have produced near-all-time low unemployment as the US leads the way among the G-7 to healthy growth. Only one thing wrong with this picture—it’s a complete, fabricated lie, fabricated by Washington with the collusion of the Wall Street banks and the Federal Reserve. The reality is pretty scary for those living in ignorance. The cracks now emerging in an unprecedented level of US corporate debt are flashing red alert on a new economic crisis, a very, very ugly one.
Nobel economics laureate Paul Krugman once made the stupid argument that “debt doesn’t matter.” Dick Cheney back during the 2002 Washington budget debates over the wisdom of making new tax cuts amid huge costs to finance the new Washington War on Terror, made the equally stupid comment, “Reagan proved that deficits don’t matter.” In the real world, where debts of private households, of governments like Greece or Portugal or Detroit City, or private corporations like Chesapeake Energy or General Motors, effect jobs, technology, entire communities or nations, debt certainly does matter.
Read More

Why Reuters Is Tweaking Its Presidential Poll

A 13-point lead for Hillary Clinton on July 14 has vanished in two weeks with Donald Trump now leading in the polls by 1 point. This is clearly unacceptable to the establishment and so Reuters/Ipsos is taking matters into its own hands... and 'tweaking' its polling methodology.

17,359 Americans Have Renounced Citizenship Under Barack Obama

Another 508 people renounced their US citizenship last quarter according to documents published this morning by the Internal Revenue Service. This brings the total number of US ‘renunciants’ under the Obama administration to 17,359.

S&P Hits Record Highs After BoJ, GDP Disappointment

Monte Paschi Fails European "Stress Test" Meant To Restore Confidence In Europe's Struggling Banks

Moments ago, the European Banking Authority published the 2016 bank stress test results, whose purpose - as every other year -  is to inspire confidence in Europe's struggling banks; it differs from a market-based assessment of bank stress - that particular "test" can be seen by observing the stock prices of such giant banks as Deutsche Bank and Credit Suisse, both of which recently hit all time lows. As previewed yesterday, Italy's 3rd largest, and most insolvent bank, Banca Monte di Siena was the worst performer in European regulators’ stress tests, and the only lender to have its capital wiped out in the exam. 

The FOMC Butterfly That Will Ruin The World

Imagine the financial crisis knocked you out and you did not wake up from the coma that followed until this day. Then, presented with the following three charts you were asked to guess where the federal funds rate was trading...

Stock Pickers Throw In The Towel: "Active Manager Beta Exposure Is The Highest Ever"

Active managers are now more exposed to beta than they have been since 2008. And with the rally off of February’s lows driven largely by cyclical reflation plays, cyclical vs. defensive sector exposure is now the highest we have seen since 2012.

The Fed Is Preparing For Negative Rates - Here's The Sign Everyone Missed

"I think it’s possible that the Fed will push rates below zero when the next recession arrives. In that regard, something important happened recently. And not many people noticed..."

European Bank Stress Test Preview: What To Expect And How To Trade It

While the main event in today's European bank stress test was leaked moments ago, when Monte Paschi board member Turicchi said that the bank has finalized a bank consortium for a critical capital hike, suggesting that contrary to last minute jitters the bank has found the needed number of willing banks to provide €5 billion in fresh capital it needs resulting in the bank's 3rd bailout in the past 2 years - this one courtesy of the private sector - there may still be some surprises.

How did that "Hopey Changey" thing work out for you?...

America's Aging Baby Boomers, Forced To Work Until Death, Blamed For Collapsing US Productivity

Adding insult to injury, America's aging baby boomers, unable to retire from their menial jobs as a result of the Fed's destrucitve monetary policy which has guaranteed no income on savings, are now also being blamed by researchers for America's collapsing productivity.

Fortress Europe Awakens

from Rogue Money:
French patriots were taken aback when, following the horrific terrorist attack in Nice, France earlier this month, a prime minister of Paris advised his countrymen to just get used to it. It was time for the country to buckle up and prepare to “live with terrorism.” The hashtag “Je suis épuisé” (I am exhausted) began trending and betraying a somewhat defeated, gonna-lie-down-and-take-it attitude in the heart of Europe.
Germany isn’t France.
Germany came up with a better hashtag to reflect their own nation’s reaction to the now daily occurrence of either outright terrorist attacks or migrant-related acts of violence. A rising cacophony of German voices are now clamoring:
Read More

John Kennedy messed with the Banking Bastards...you know how that turned out...

Did Donald Trump Just Fire a MASSIVE Warning Shot at the Banking Cabal?

from TheWealthWatchman:

If Everything Is So Great, Then Why Do Two-Thirds Of Americans Say The Country Is On The Wrong Track?

by Michael Snyder, End Of The American Dream:
Americans appear to be increasingly pessimistic about the future of America. According to a Real Clear Politics average of recent polls, 68.9 percent of Americans believe that the country is on the wrong track, and only 23.1 percent of Americans believe that we are headed in the right direction. But if you have been listening to the endless parade of political speeches at the Democratic and Republican National conventions, you would be tempted to think that the greatest days for the United States are right around the corner. The politicians keep promising us that better times are coming if we will just make the “correct” choices on election day, but no matter who we send to Washington D.C. things just seem to keep getting worse and worse. Let’s take a look at just a few of the signs that indicate that our country is going in the wrong direction…
Read More

Clueless Bank of Japan Exemplifies the Awe Inspiring, Irreversibly Destructive Power of the Printing Press

by Andy Hoffman, Miles Franklin:
It’s Friday, and the astounding long, massively broad list of “PM-bullish, everything-else-bearish” headlines since Wednesday afternoon’s post-FOMC Audioblog is incredible to behold.  Which is why it’s never been more obvious that Precious Metals are the imploding fiat Ponzi’s “canary in the coal mine”; “Achilles’ Heel”; and all other similar analogies, metaphors, and comparisons combined.  Or, for that matter, the “enemy” of all financial markets – which since 2011 in the West, and 2015 in the East, have been commandeered by desperate, dying governments.
To no avail, I might add, as the average global currency is at, near, or well below previous all-time lows; whilst commodity prices are at multi-decade lows, led by the world’s most important industrial product, crude oil, which is about to breach $40/bbl as I write; sovereign yields are at all-time lows, with many below zero; and aside from “last to go” markets like the blatantly manipulated “Dow Jones Propaganda Average,” most equities have been in bear markets for the past year-plus.
Read More

Article On How To Resist Conditioning For The Cashless Society

from The Sleuth Journal:
Since its invention in Babylon around 4,000 years ago, money has changed from gold coins, to coins of lesser value; to paper notes/cheques, plastic cards, and finally, silicon chips. Within the next few decades, it is looking more and more likely that there will be no more hard cash (coins/notes) left. By this point, the notion of using physical money will be for many people a distant memory tinged with disbelief. “How did we ever manage something so clumsy and backward?” many will say.
We know people will say this because an increasing number of people are already saying similar things.
In January, 2016, John Cryan, Chief Executive of one of Europe’s biggest banks, Deutsche Bank, predicted that: “Cash, I think, in ten years time probably won’t (exist). There is no need for it, it is terribly inefficient and expensive.”
Read More

EXCLUSIVE: WikiLeaks’ Julian Assange on Releasing DNC Emails That Ousted Debbie Wasserman Schultz

from Democracy Now:

In March, WikiLeaks launched a searchable archive for over 30,000 emails & email attachments sent to and from Hillary Clinton’s private email server while she was secretary of state. The 50,000 pages of documents span from June 2010 to August 2014; 7,500 of the documents were sent by Hillary Clinton. The State Department released the emails as a result of a Freedom of Information Act request.

/