Global Currency War: Many central banks outside of the Federal Reserve, including the Bank of Japan and European Central Bank, are engaged in major easing programs to boost their economies and depress their currencies.

‘We don’t need a war when we can have a currency war‘- guest @sjderrick, Chief Currency Strategist, BNY Mellon

‘We don’t need a war when we can have a currency war’- guest @sjderrick, Chief Currency Strategist, BNY Mellon #Russia #Rouble @CNBC

— Louisa Bojesen (@louisabojesen) December 17, 2014

  Currency war hots up as China prepares to bail out Russia

Does Putin & Co have a card up their sleeve amid the huge changes […]

Housing Bubble 2 Goes Nuts: San Francisco Home Sales Plunge 20%, Prices Soar 27%

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

San Francisco is known for its mindboggling booms and breathtaking busts as the hot money from all over the world ebbs and flows amidst startup frenzies and IPO manias.

And now the hot money is flowing. It has created a delirious craziness in the housing market, surrounded by an environment where app makers without revenues but with big dreams and the word “disrupt” in their description are worth […]

$2 Trillion High-yield Debt Market On The Verge Of Default, Goldman Sachs Says 1 Trillion In Investments Just Went Poof Due To The Collapse Of Oil, Debt Defaults Have Already Begun To Hit In The North American Shale Oil/gas Industry!

AND their analysis didn’t even touch on Shale Oil Projects in the U.S.A. (Because they have too much invested in that).

Enjoy your $2.00 gas while it lasts…

SNIP

In a stunning analysis this week, Goldman Sachs found almost $1 trillion in investments in future oil projects at risk. They looked at 400 of the world’s largest new oil and gas fields — excluding U.S. shale — and found projects representing $930 billion […]

The US national debt has broken all the records in American, 41% of the national debt of the US has accrued during this administration… Cost of big biz not paying taxes, rich offshore tax havens, bailouts of Wall St…

The US national debt has broken all the records in American.. – pic.twitter.com/9vihekfcQy

— 9GAG Tweets (@9GAGTweets) December 17, 2014

 

(CNSNews.com) – The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.

That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is […]

There Is Hope In Understanding That A Great Economic Collapse Is Coming

By Michael Snyder

If you were about to take a final exam, would you have more hope or more fear if you didn’t understand any of the questions and you had not prepared for the test at all?  I think that virtually all of us have had dreams where we show up for an exam that we have not studied for.  Those dreams can be pretty terrifying.  And of course if […]

We Are Witnessing A Spectacular Event Of How Incredibly Dense The Population Of Sheep Are.

by onpoint

 

Either we have some incredibly narrow reporting on the part of UK’s Mail Online, or we are witnessing a spectacular event of how incredibly dense the population of sheep are.

MOSCOW (AP) — Russian consumers flocked to the stores Wednesday, frantically buying a range of big-ticket items to pre-empt the price rises kicked off by the staggering fall in the value of the ruble in recent days.

Russia’s currency has been collapsing 15-20% in […]

Greece Might Be Hit With Cyprus Style Bail-Ins. Euro Crisis Getting Worse. Us Mortgage Applications Declined, A Sign That Real Estate Is Collapsing.

Greece might be hit with Cyprus style bail-ins. Euro crisis getting worse. US mortgage applications declined, a sign that real estate is collapsing. Obama signed the 1.1 trillion spending bill. Russia is opening an investigation into the central bank actions. Corporate media polls show that the America people support torture. Police will be scanning social media sites to predict crime. U.S. and Cuba are reestablishing diplomatic relations. U.S. advisers are […]

The Plunge In Oil Prices Will Bring This To An End, We Are In The Wile E Coyote Phase Of This Wealth Destruction. Gravity Is A Bitch.

by James Quinn

The article below shows how important the shale oil boom has been to the US economy since 2009. It has accounted for a huge portion of employment and industrial production growth. The plunge in oil prices will bring this to an end, but it will be a two year relentless downturn as new investment dries up and the existing wells are depleted. We are in the Wile E […]

Brazil on Verge of Violent Regional Wars Over Water Rights – a Sign of Global Trends

(NaturalNews) Persistent drought conditions that simply won’t relent, according to new reports, have sparked something of a water war in Brazil, which oddly enough has more water resources than any other country in the world.

The two largest cities in the South American powerhouse, Rio de Janeiro and Sao Paulo, are currently fighting over rights to a water source that sits between them. Rio de Janeiro has long relied on the […]

Seriously?! City bans citizens from criticizing the town on social media.

The town of South Pittsburg, Tenn., has just passed the best social media policy ever. At least, that’s what certain people have to say—because South Pittsburg has barred them from criticizing the town on social media. http://www.businessweek.com/articles/…

GS: The real trade-weighted USD has been through 2 significant episodes of appreciation in the post-Bretton Woods era

GS: The real trade-weighted USD has been through 2 significant episodes of appreciation in the post-Bretton Woods era pic.twitter.com/laoV7Q2PA8

— Fabrizio Goria (@FGoria) December 18, 2014

The European Court of Justice has ruled that obesity can count as a disability

Obesity can count as a disability, the European Court of Justice has ruled in the case of an overweight man who lost his job.

The judgment said it could qualify if the obesity “hinders the full and effective participation of the person concerned in professional life”.

A 25-stone (160kg) Danish childminder, Karsten Kaltoft, pursued the case after his local council sacked him in November 2010.

The court admitted there was no specific law […]

Breaking: Driver hits group of pedestrians outside California church as service ends, killing 3 including 2 women in their 80s

REDONDO BEACH, Calif. (AP) — A driver hit a group of pedestrians outside a Southern California church as a Christmas service ended, killing three people — including two women in their 80s — and leaving up to nine others injured, police said.

Ambulances rushed some of the pedestrians to hospitals, and others were able to drive themselves, Redondo Beach police Lt. Shawn Freeman said Thursday. The nature of their […]

Introducing Bitgold. Bitcoin backed by gold.

Introducing Bitgold from Bitreserve on Vimeo.

We are proud to announce that Bitreserve’s cloud money system now supports gold. Starting today, our members can hold their bitcoin as stable gold value and spend this historic precious metal anywhere bitcoin is accepted.

With our Gold Card, we are reviving gold for the purchase of goods and services. Bitreserve members can convert their bitcoin to bitgold, whose value is substantiated by bullion in […]

China Tests ICBM With Multiple Warheads. MIRVed DF-41 ICBM helped with illegal Clinton-era tech transfers.

China carried out a long-range missile flight test on Saturday using multiple, independently targetable reentry vehicles, or MIRVs, according to U.S. defense officials.

The flight test Saturday of a new DF-41 missile, China’s longest-range intercontinental ballistic missile, marks the first test of multiple warhead capabilities for China, officials told the Washington Free Beacon.

China has been known to be developing multiple-warhead technology, which it obtained from the United States illegally in the […]

Sony’s Costs From ‘The Interview’ Likely Near $200 Million

Sony Pictures’ decision to let Seth Rogenmake a comedy about a plot to kill a head of state will potentially cost the studio hundreds of millions of dollars after a devastating cyber-attack linked to North Korea.

The Sony Corp. studio spent about $80 million to make and market the film, whose release was canceled Wednesday after threats of violence by hackers, according to Wade Holden, a researcher at SNL Kagan. On […]

Right now, using e-mini, you get paid (+ carry) to be long USD against EUR, CHF, JPY. There is no “hedging cost” to hedge these exposures.

Right now, using e-mini, you get paid (+ carry) to be long USD against EUR, CHF, JPY. There is no "hedging cost" to hedge these exposures.

— Jesse Livermore (@Jesse_Livermore) December 18, 2014

Hedge Funds Say Oil Is Going to $0

Energy traders are betting that oil prices will keep falling. In a recent Bloomberg article, Citigroup’s global head of energy strategy, Seth Kleinman, was quoted as saying that, “several big, smart commodity hedge funds said oil is going to zero.” He went on to say, “they are being somewhat dramatic, but they were incredibly bearish.”

Bearish oil bets are growing
These speculators are increasingly putting their money on bigger bets that oil […]