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 [...]
Swiss, Chinese Central Banks Enter Currency Swap Agreement
(Video) The Mystery of Flight #MH17 – Critical Questions
Sen. Feinstein: The U.S. Is Now at Cold War Levels With Russia
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
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
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 [...]
A deluge of Central American children pouring into the United States threatens to burst the seams of already overstuffed immigration courts, and President Barack Obama’s steps to ease the crisis are likely to make matters worse rather than better for some, U.S. officials and immigration lawyers said.
“We are reaching a point of implosion, if we have not already reached it,” said Judge Dana Leigh Marks of San Francisco, who has [...]
by Dave Hodges
The United Nations High Commissioner for Refugees (UNHRC) has previously met with officials from the U.S., Mexico and various Central American countries on the pretense of labeling the thousands of illegal immigrants as refugees. Indeed, the United Nations is now categorizing the present wave of immigrants as refugees from political and domestic violence that are merely seeking asylum in the United States. By declaring this to be [...]
FAA: All U.S. Flights To Tel Aviv Prohibited Tuesday
Police: Rocket Fired From Gaza Lands Near Ben Gurion International Airport
NEW YORK (CBSNewYork/AP) – The Federal Aviation Administration has notified all United States airlines that flights to Tel Aviv’s Ben Gurion International Airport are prohibited for the next 24 hours.
The move follows a rocket landing near the airport.
The FAA issued a NOTAM, or Notice to Airman, barring the flights just [...]
Jim Grant: There’s a ‘thundercloud’ coming to the markets
Maria Bartiromo, Fox Business, Released on 7/16/14
“The kind of inflation that matters most to Wall Street is the kind of inflation that Wall Street cheers. So, it doesn’t matter to Wall Street that things may or may not be substantially overvalued. What matters to the Street is there’s an upward direction in asset prices, there are great fees to [...]
The renminbi is on track to become the third-largest international currency behind the US dollar and the euro within five years as China accelerates its promotion of the yuan, said a Renmin University of China report released on Sunday.
Last year, RMB cross-border trade settlement amounted to 4.63 trillion yuan ($746 billion), up 57.5 percent from 2012. It accounted for 2.5 percent of cross-border trade settlement worldwide, [...]
IN THIS INTERVIEW:
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FINANCE AND LIBERTY:
The median home price in my beloved and crazy San Francisco – that’s for a no-view two-bedroom apartment in an older building in a so-so area – after rising 13.3% from a year ago, hit an ultra-cool, slick $1,000,000.
It made a splash in our conversations. People figured that nothing could to take down the housing market. Yet, as before, there will be a devastating event: the [...]
Brian recaps Monday’s gold market and shares an op-ed piece from King World News, which explains why the next financial crisis will be
Illegal Immigrants Getting Up To $29,000 In Tax Returns, The Damn IRS Is So Damn Corrupt, This is your damn money
The flight recorders of downed Malaysian Airlines flight MH17 have been handed over by Donetsk forces to investigators from Malaysia. The investigators have said that the black boxes appear to be in good condition.
And at the same time the Russian Ambassador in Malaysia held a press conferece where she presented Russias case and asked why Ukrainian fighter jets were in the same location as the MH17 at the time it [...]
Herbalife Ltd. shares fell the most in three months [yesterday] after billionaire Bill Ackman vowed to show Enron Corp.-like fraud at the seller of supplements and weight-loss shakes.
Ackman, head of Pershing Square Capital Management LP, said his firm has devoted $50 million of investors’ money to prove that Herbalife is a pyramid scheme. The results of the two-year undercover investigation, which focuses on Herbalife’s [...]
Today’s AM fix was USD 1,307.00, EUR 969.44 and GBP 765.76 per ounce.
Gold rose $2.40 or 0.18% on yesterday to $1,312.90/oz and silver climbed $0.09 or0.43% to $20.94/oz.
Gold prices are flat in London this morning after gold in Singapore fell from $1,312/oz to $1,305/oz. Futures trading volumes were low and 16% below the average for the past 100 days [...]
by Charles Hugh-Smith
Depending on blowing the next bubble to temporarily prop up the economy is the height of foolhardy shortsightedness.
All the conventional policy fixes proposed by Demopublican politicos, technocrats and the vast army of academic/think-tank apparatchiks are the equivalent of slapping a coat of paint on a fragile facade riddled with dryrot. All these fake-fixes share a few key characteristics:
1. They focus on effects and symptoms rather [...]
CLICK ON CHART TO ENLARGE
Coming into 2014, yields had just experienced the largest 18-month rally in 30 years! On Jan the 24th, the Power of the Pattern said their was a two-thirds chance bond prices would rally and yields would fall. (see post here)
Did the rally in yields get overdone over the past year and a half? The Power of the Pattern believed so at the first of this year and [...]
July 22 (Bloomberg) –- Global defense spending has been declining since 2011, as the U.S. withdraws from Afghanistan and Iraq and Europe implements austerity measures. Bloomberg RANX takes a look at which countries are spending the most on their militaries. (Source: Bloomberg)
Hours before Texas Gov. Rick Perry announced he would send National Guard troops to the border, Texas state Senator Dan Patrick said there are at least 100,000 illegal immigrant gang members in the state.
When Matt Drudge launched the The Drudge Report he single handedly changed the way we get our news and who we get it from. He saved the news business by turning everyone into their own network and their own editor. As the gatekeeping dinosaur media makes a last gasp of breath from their self created, self censored, establishment narrative tar pits, they will see the face of their dragon slayer [...]
By Michael Snyder
In general, over the last several decades the world has experienced an unprecedented era of peace and prosperity. The opening up of relations with China and the “end of the Cold War” resulted in an extended period of cooperation between east and west that was truly unique in the annals of history. But now things are shifting. The civil war in Ukraine and the crash of MH17 have [...]
“the U.S. economy has been on life support, graciously provided by Central Planners. However hard they try, they will soon realize that no amount of money printing can cleanse the rot of the U.S. economy.”
Published on Jul 21, 2014
Peter Schiff on Fox Business (7/21/2014)
Schiff – If You Want To Price The Dow In Gold, The Dow Will Continue Fall In Gold Terms Regardles of What the Dollar Will Do.
Listen to The Peter Schiff Show
40% of SPX companies are below their 20-ema
— Urban Carmel (@ukarlewitz) July 20, 2014
global markets snapshot – 2 month charts: http://t.co/82OeJ24rzy h/t @ukarlewitz
— $hane Obata (@sobata416) July 21, 2014
Ave EPS growth prior bull mkt: 18%. Current bull mkt: 7%
— Urban Carmel (@ukarlewitz) July 20, 2014
When fund managers are this much o/w equities, something always happens to reduce their long exposure pic.twitter.com/AYyioTgNbW
— Urban Carmel (@ukarlewitz) July 19, 2014
10y UST spread to [...]
July 21 (Bloomberg) — Marc Faber, publisher of the Gloom, Boom & Doom report, talks about his view that stocks are in a “bubble” and not a good value. Faber speaks with Alix Steel on Bloomberg Television’s “Surveillance.” (Source: Bloomberg)
July 21 (Bloomberg) — Michael McKee reports on U.S. housing and construction on “In The Loop.” (Source: Bloomberg)
Gordon T. Long, Macro Analytics, Released on 7/19/14
“The truth – once you get under the surface – is corporate earnings are falling, and corporate debt is going up, yet stock prices are going up. The reason for that is that corporations are borrowing money to buy back their stock; this is a perfect example of the corruption that flows from easy money: you convince people to do [...]
Today’s AM fix was USD 1,312.75, EUR 970.75 and GBP 768.72 per ounce.
Gold fell $9.10 or 0.69% on Friday to $1,310.50/oz and silver slipped $0.29 or 1.37% to $20.85/oz. Gold and silver were both down on the week at 2.03% and 2.71% respectively.
Gold gained in London as investors were concerned re military conflict in Ukraine and Gaza. [...]
BLOODY SUNDAY: DEATH TOLL MOUNTS IN GAZA…
Gaza City (Palestinian Territories) (AFP) – US President Barack Obama called for an “immediate ceasefire” between Israel and Hamas on Sunday, after the bloodiest day of fighting in Gaza raised the number of Palestinians killed to 476.
The UN Security Council expressed concern for the growing number of casualties in Gaza and issued a fresh appeal for an immediate ceasefire as Israel [...]
BY JOHN WARD
I don’t know if many of you realise this, but the wood chippings one can produce (with the hire of a machine for the purpose) after felling trees will smother the growth of anything – up to and including even couch grass. Couch grass roots in all directions and the more you pull it out, the more directions it roots in. You can apply Agent Orange, [...]
In this video Luke Rudkowski delivers a speech to over 5,000 Germans that come out every Monday to rally. The main focus of this new, growing and expanding movement in Germany is to end the Fed, highlight main stream media propaganda and put an end to foreign wars of aggression. The actions in Berlin have sparked solidarity actions in Santa Monica CA, Vancouver Canada and NYC.
By Michael Snyder
Cases of the chikungunya virus are appearing in the United States at a level that is far higher than anything health officials have seen in recent years, and now there are two confirmed cases of people that have not even traveled out of the country getting the virus. That means that the chikungunya virus is starting to spread in America, and once it starts spreading it [...]
http://usawatchdog.com/the-chaos-is-p… Why are gold and silver prices not taking off with all the global chaos? Rob Kirby of KirbyAnalytics.com says, “If we had free markets, gold would be going up in spades. We effectively have a goon squad that comes in and clobbers the price of gold with paper contracts. They will dump tons and tons of paper contracts on the market, and there is no gold to back those contracts [...]
Smoking Gun! And that smoking gun was supplied by Kiev Itself!
#debt expansion is benefiting the top 1%, weighing on the middle class, and keeping the poor dependent on the gov. : pic.twitter.com/jgMYt84BK8
— $hane Obata (@sobata416) July 20, 2014
excluding government transfers, disposable income per capita is lower than it was at the end of 2005: source: Sprott pic.twitter.com/wASb4RALzF
— $hane Obata (@sobata416) July 20, 2014
for the bottom 40% of US households, in 2012, gov. transfers represented 44% of after tax income: source: Sprott pic.twitter.com/f3sdjMbHzI
— $hane Obata (@sobata416) July 20, 2014
Intel leads Dow to 15th record-high close of the year
Fatal mosquito virus found in Massachusetts…
Birds are typically the long range carrier of triple E, taking the disease over many miles. Mosquitoes then bite the birds and become the local source for infection when they bite a human.
Entomologist Bob Russell of American Pest Solutions told 22News, “Mosquitoes are an unusual insect because bacteria can survive in its gut and then it can be regurgitated or come out [...]
by Dave Hodges
What was revealed in the previous article should shake the confidence that the public has in the DEA and the federal government as a whole. My DEA insider has revealed that there is massive, unchecked banking fraud and money laundering occurring within our financial institutions. Our banks are run like a Mafia protection racket. If you doubt the accuracy of this statement, ask yourself why [...]
UBS “leapfrogged” – as Bloomberg called it – Bank of America as the world’s largest wealth manager with $1.7 trillion in assets, up 9.7% from a year ago. Global wealth management assets rose 8.7% to $18.5 trillion. These firms get to manage part of the wealth that central-bank policies have generated at the top. So they have some responsibilities, like helping their clients escape the [...]
Red Alert! While everyone is focused on Malaysian Airline 17 the SKEW Index is predicting a global meltdown of the economy!
What is the Skew Index?
“The CBOE Skew IndexSM – referred to as “SKEW” – is an option-based indicator that measures the perceived tail risk of the distribution of S&P 500® log returns at a 30-day horizon. Tail risk is the risk associated [...]
Japan Doctor: “Tokyo should no longer be inhabited” — Everyone here is a victim of Fukushima — People truly suffering — Bleeding under skin, urinary hemorrhaging — Children’s blood tests started changing last year — Time running short… up to physicians to save our citizens and future generations
Study: Multiple surges of radioactive substances detected far from Fukushima Daiichi — Over 10,000 times usual levels at plant — Mayor: Gov’t knew [...]
Tesla Electric Cars HACKED by Chinese! Remotely Takeover Locks, Horn, Headlines of Vehicle.
Translated here, sorry i could find an English link:
from Mainstream in the Netherlands:
Well in light of these..it seems this is now all set up to go WWW with Europe on the front line..Whistleblower:
and guess who will be the next NATO clown in October?
Malaysia Airlines MH17 plane crash: Did bizarre Russian tweet posted last month predict disaster?
The mysterious message was posted online a month before Malaysian Airlines Flight MH17 was downed [...]
FROM 6/27 :EU Signs Pacts With Ukraine, Georgia, Moldova which said would increase Russian Tensions/NOW AS OF 7/17 They get NON- NATO ALLY STATUS
European Union and three of Russia’s neighbors signed sweeping trade-and-political agreements Friday, pushing the bloc’s influence eastward but potentially provoking fresh tensions with Moscow.The deals with Ukraine, Georgia and Moldova, which lower trade barriers and promote democratic reforms, were years in the making but faced doubts recently [...]
Steve Quayle’s European banking source “V” has released an inside interview with a ranking 4 star general, who reveals that the coming planned complete collapse of the US dollar will result in the end of the United States of America by 2017!V’s full interview is below:
The FEDS Will Pay You $6k To House Illegal Immigrants, Obama Needs His Ass Kicked
by Phoenix Capital Research
The stock market is overvalued by almost every known metric.
The single best predictor of stock market performance is the cyclically adjusted price-to-earnings ratio or CAPE ratio. Most investors price a company based on its current Price to Earnings or P/E ratio. Essentially what you’re doing is comparing the price of the company today to its ability to produce earnings (cash).
However, corporate earnings are heavily influenced by [...]
Furious money printing by the world’s major central banks is not generating real growth and prosperity—–but professional economists never seem to get the word. As shown below, the 2014 outlook for global real growth has been marked down sharply since early 2013. Back then, of course, Abenomics and massive QE by the BOJ was supposed to cause the Japanese economy to soar; Draghi’s “anything it [...]
Israeli troops have clashed with Hamas militants on the Gaza border, with reports of some heavy fighting inside Israeli territory.
The military wing of Hamas, the Ezzedine al Qassam Brigades, said some of its fighters were “behind enemy lines” and were involved in gun battles with the Israeli Defence Forces (IDF) near the Gaza border fence.
In a statement, it said: “The Qassam Brigades carried out an operation behind enemy lines.
“Heavy fighting [...]
Jason Burack of Wall St for Main St had back on author, You Tube video blogger and former Wall St floor trader Greg Mannarinohttps://traderschoice.net/ as a returning guest for a 30+ minute podcast interview.
During the interview Jason asks Greg why markets have not crashed already? Greg points to market manipulation, intervention, backdoor bailouts, currency swaps and global QE for propping up asset markets and making the illusion that the economy is [...]
Three more PNEUMONIC plague cases were found in Colorado, a week after the first infection of the deadliest form of the disease was reported in the state in a decade.The man initially reported with pneumonic plague on July 11 is hospitalized. Two of the new cases also had pneumonic plague, while the third had a milder form. There is NO VACCINE for Pneumonic Plague and, if treated too late, it is FATAL. Early intervention [...]
by Michael Noonan
There is no one singular event that will ultimately loosen the manipulative shackles that
Italy has now slashed growth expectations as Europe heads into a depression. Consumer confidence is imploding. The holding company for failing Portugal bank has declared bankruptcy. Common core has been repealed in Wisconsin. More countries are now obtained non-NATO status to receive military assets for the upcoming war. Allegedly a Russian digital bomb has been placed in the NASDAQ system which is set to bring down the economy. The downing [...]
Russia and American tensions continue to escalate as Malaysian Airlines Flight MH17 was shot down Thursday in eastern Ukraine along Russia’s border. Without a full investigation, Barack Obama, Hillary Clinton, John McCain and others in the United States government have reached the conclusion Russia was responsible for the deadly attack. Vladimir Putin and Russia deny any involvement, as the mainstream media and the world at large look to assign blame [...]
A new research report highlights the years when the U.S. stock market has been overvalued by 50% or more (in each case the outcome was the same). With that in mind, consider that today’s U.S. stock market valuation is the third highest ever. Enjoy this video from Elliott Wave International. Learn more at www.elliottwave.com.
GATA Chairman Bill Murphy joins The Doc & Eric Dubin on this week’s show to discuss:
Why Murphy believes JPMorgan accumulated vast stores of PHYSICAL SILVER into the 2011 top while shorting the paper market, and has used the physical stockpiles to smash silver lower over the past 3 years- resulting in a paper fortune for JPM, but that the market action over the past 2 months indicates JPM has RUN OUT [...]
July 18 (Bloomberg) — Richard Clarida, global strategic adviser at Pacific Investment Management Co., and Alan Krueger, a professor at Princeton University, talk about Espirito Santo International SA’s move to seek protection from creditors, AbbVie Inc.’s acquisition of Shire Plc and risks to the global economy. They speak with Trish Regan and Matt Miller on Bloomberg Television’s “Street Smart.” JPMorgan Asset Management’s Anne Lester also appears to discuss investment strategy. [...]
The tensions are so thick it is almost as if the world can feel it in the air, the US and Russia’s proxy wars with the global currency war added in, the BRICS new bank announcement, more sanctions against Russia as they now reopen their intelligence base in Cuba and now a downed Malaysia plane, which coincidentally carried 100 international aids scientists just as the previous “missing” Malaysia MH370 carried scientists, [...]
China Finds $15 Billion of Loans Backed by Fake Gold Trades
(Wiki) Malaysia Airlines Flight 370
MH370: New evidence of cockpit tampering as investigation into missing plane continues
Plane ‘Shot Down’: Britons Among 298 Killed
UKRAINE: PRO-RUSSIA REBELS DOWNED MALAYSIAN PLANE
Malaysia jet crashes in east Ukraine conflict zone
Malaysia Airlines plane crashes in Ukraine 60 km from Russian border
Malaysia Airlines Plane Brought Down by Missile in Ukraine: US Official
Deleted posts suggest Ukraine rebels downed Malaysian jet in error
Captain Sullenberger ‘Big Question’ Is Why Plane Was [...]
High Yield Bonds Are Flashing Red Again
There is a glaring divergence between the performance of US equities and high-yield credit’s spread over investment-grade credit. As BofAML warns, “either HY rallies or stocks soon in a bit of trouble,” because the only pillar left to hold up the fragile un-bubble-like stock market - buybacks – will disappear if costs of funding start to surge (there’s always a limit to the [...]
UPDATE: 80% of California now in ‘extreme drought’…
More than 80% of California is now in an extreme drought, according to new data by the National Weather Service.
The NWS’ Drought Monitor Update for July 15 shows 81% of California in the category of extreme drought or worse, up from 78%. Three months ago, it was 68%.
The map shows that drought conditions worsened in parts of Riverside, San Bernardino and San Diego counties.
BREAKING: Portugal’s Banco Espirito Santo says it can’t meet obligations, asks to be placed under ‘controlled management’
— Bloomberg News (@BloombergNews) July 18, 2014
— Bloomberg News (@BloombergNews) July 18, 2014
Holding Company Of Portugal’s 2nd Largest Bank Just Filed For Bankruptcy Protection
Following this morning’s farce of huge investor demand and then Bank of Portugal’s Costa ‘hoping’ for demand from investors willing to [...]
Get your sh*t together people – 401ks, savings, mortgages, whatever. Get outta debt and stock your basements. —“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 [...]