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Recession, Debt Crisis, Housing Alert! Europe & China Debt Market On The Verge Of Imploding, ‘Black Swan’ Fear at Record High, Another Recession Is Coming

Billionaire Warns: Yellen Collapse ‘Will Be Unlike Any Other’…

Another horrific stock market crash is coming, and the next bust will be “unlike any other” we have seen.That’s the message from Jeremy Grantham, co-founder and chief investment strategist of GMO, a Boston-based firm with $117 billion in assets under management. Grantham pulls no punches when assigning responsibility for the coming financial carnage. In a recent interview with The New York Times, he [...]

Don’t Fight The Fed: Yellen Spoke, Junk-Bond Market Listened

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter

The junk-bond market had been on a relentless tear since late summer last year, driving values to insane heights, with yields so low that they were reminiscent of Treasuries before the financial crisis.

But much of this junk debt is near the bottom of the corporate capital structure, and there often aren’t any asset left to back them. When the company buckles under the load of its [...]

‘Apocalypse’ Krugman Ignores Keynes And Comrade Lenin’s Warnings

by GoldCore

Today’s AM fix was USD 1,307.50, EUR 971.04 and GBP 767.54 per ounce.
Yesterday’s AM fix was USD 1,307.00, EUR  969.44 and GBP 765.76 per ounce.

Gold fell $6.40 or 0.49% on yesterday to $1,306.50/oz and silver remained unchanged at $20.94/oz.

Gold in U.S. Dollars – 50, 100, 200 SMAs (Thomson Reuters)

Gold remains in a very tight range in London this morning as did gold bullion in Singapore overnight. Futures trading volumes were low [...]

Jim Willie – When You Factor Inflation In Properly . . .We Got a Monster Recession of -6% or -7% Right Now

http://usawatchdog.com/germany-secret… The so-called “recovery” the mainstream media has been harping on for years is a lie, according to the Editor of The Hat Trick Letter, Jim Willie. He proclaims, “I believe the U.S. has gone into a recession that it is not going to get out of until the dollar is gone. When you factor inflation in properly . . . we got a monster recession of -6% or -7% right [...]

PAUL B. FARRELL: Great Crash Of 2016, Third $10 Trillion Loss This Century, Greenspan’s ‘Black Box’ Syndrome Now Handicaps Yellen

By Paul B. Farrell, MarketWatch

Sometime after the Great Crash of 2016, Fed Chairwoman Janet Yellen will be testifying before Congress, just like Alan Greenspan was forced to do in 2008. She will be explaining why America has already had three megacrashes in the 21st Century, each draining roughly $10 trillion, each a direct result of Federal Reserve policy failures. She will be forced to explain why the Great Crash of 2016 [...]

Putin BRICS To Form New “Energy Association” Counters OPEC

SOURCES
Putin to form new “energy association”
http://dailycaller.com/2014/07/22/put…;

IMF Trying To Start WW3
https://www.youtube.com/watch?v=hzoNe…;

Russia Says Has Photos Of Ukraine Deploying BUK Missiles In East, Radar Proof Of Warplanes In MH17 Vicinity
http://www.zerohedge.com/news/2014-07…;

PUTIN: RESPONSIBILITY FOR PLANE CRASH IS UKRAINE’S
http://hosted.ap.org/dynamic/stories/…;

Captain Sullenberger ‘Big Question’ Is Why Plane Was Flying Over War Zone
http://sanfrancisco.cbslocal.com/2014…;

Reports that Putin flew similar route as MH17, presidential airport says ‘hasn’t overflown Ukraine for long time’
http://rt.com/news/173672-malaysia-pl…;

Economy Is Collapsing As So Is The False Flag Event

Euro zone’s debt is rising. Companies reporting in that sales and revenue are dropping. China has made a deal with Venezuela for oil and agricultural production. Portugal president says the bank is the tip of the iceberg, collapse is coming. Obamacare loses subsidies in 36 states. BRICS pumping in billions of non US dollars into Africa to build infrastructure. Central banker/US government false flag story collapsing, no proof, just believe [...]

NYC Creates ID Cards So 500,000 Illegals Can Get Services! Updated Illegal Housing Map!

New York City Mayor Bill de Blasio signed into law a measure that creates a municipal identification card that can now be used by illegal immigrants to access government services, rent an apartment and open a bank account.
“Today we’re living up to our highest ideals, and today we’re saying that no one should be left out,” said City Council Speaker Melissa Mark-Viverito, calling the signing of the bill into law [...]

Remember that time the U.S government shot down an Iranian civilian airliner and refused to apologize?

ran Air Flight 655 was an Iran Air civilian passenger flight from Tehran to Dubai that was shot down by the United States Navy guided missile cruiserUSS Vincennes on 3 July 1988. The incident took place in Iranian airspace, over Iran’s territorial waters in the Persian Gulf, and on the flight’s usual flight path. The aircraft, an Airbus A300 B2-203, was destroyed by SM-2MR surface-to-air missiles fired from the Vincennes.

All 290 on board, including 66 children and 16 crew, died.[1] This event ranks seventh [...]

The Ten Plagues That Are Hitting America Right Now

By Michael Snyder

Why are so many plagues hitting the United States all of a sudden?  Yes, one can always point out bad stuff that is happening somewhere in the country, but right now we are facing a nightmarish combination of crippling drought, devastating wildfires, disastrous viruses, dying crops and superbugs that scientists don’t know how to kill.  And as you will see, we even have a plague of [...]

Stuck For 10 Years At Entry Level Job? Don’t Blame Your Employer.

Illegal Immigration And Gangs: Someday Our Cities Will Burn Because We Didn’t Protect Our Borders

By Michael Snyder

Did you know that the number of illegal immigrants that enter Texas each week is greater than the number of babies being born to citizens of that state?  The mainstream media is shining the spotlight very brightly on all of the children that are coming over, and there is a reason for that.  They are trying to tug on our heartstrings.  But there is another part of the [...]

Currency War! China & Switzerland DROP U.S. Dollar!

Swiss, Chinese Central Banks Enter Currency Swap Agreement
The Swiss National Bank and the People’s Bank of China reached a currency swap agreement on Monday, allowing the two central banks to buy and sell their currencies up to a limit of 150 billion renminbi, or 21 billion Swiss francs ($23.4 billion).
RMB developing quickly as major world currency
The renminbi is on track to become the third-largest international currency behind the US dollar [...]

Putin Blamed for #MH17 to Launch Attack on BRICS World Bank

[SOURCES]

(Video) The Mystery of Flight #MH17 – Critical Questions
https://www.youtube.com/watch?v=u4nci…;

Sen. Feinstein: The U.S. Is Now at Cold War Levels With Russia
http://www.nationaljournal.com/defens…;

Joe Biden Once Looked Into Putin’s Eyes And Said, ‘I Don’t Think You Have A Soul’

Read more: http://www.businessinsider.com/joe-bi…

World Bank watch out, the BRICS Bank is a game-changer
https://theconversation.com/world-ban…;

The latest summit of the world’s leading emerging markets took more steps toward replacing the U.S.-led global financial system. But change will come very, very slowly
http://time.com/3010636/brics-us-doll…;

Hamas [...]

Chinese Government Frets Out Loud About Property Bubble Taking Down the Economy

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter

China’s economic miracle is addicted to credit, no matter what the source, that was plowed into the ground to build no matter what, houses, high-speed rail lines, forests of skyscrapers, massive industrial overcapacity, entire ghost cities….

These activities created millions of jobs and propelled GDP forward at a phenomenal pace, even if it turned out that no one would ever need that plant, live [...]

LOL! Spain’s 10 year note is 11 bps higher than the US’s – BBG

LOL! Spain's 10 year note is 11 bps higher than the US's – BBG via @andrewunknown cc @zerohedge @rmccallum4 pic.twitter.com/nG1J1kQxQV

— $hane Obata (@sobata416) July 23, 2014

“Patriot of the Year” flees US to dodge taxes

Heather Besch was named an American Patriot of the Year by Esquire magazine in 2011 for her work helping push through the FDA’s Safety Innovation Act. Besch owns a pharmaceutical company that manufactures generic versions of popular drugs. Recently, she announced her plans to renounce her company’s US residence and move her business to the Netherlands, where taxes are lower. Since her company manufactures the drugs used by Medicare and [...]

389,100 millionaires live in New York City

389,100 millionaires live in New York City http://t.co/UZZ129JZQc pic.twitter.com/1MGpa5fJsU

— tom keene (@tomkeene) July 23, 2014

Journalist attacked by ‘angry Israeli’ during live report on Gaza (VIDEO)