U.S. Economy DOWN, Stocks DOWN, GDP UP?

US growth surges by 4 percent after frosty first quarter
U.S. GDP Dropped 2.9% In The First Quarter 2014, Down Sharply From Second Estimate
Stocks hit; first monthly drop in six for Dow, S&P 500
Five reasons why the market is seeing red
The middle class is 20 percent poorer than it was in 1984


People called the police to… I can’t even bring myself to type it.

People called the police to… I can’t even bring myself to type it. https://t.co/8M2pcORBkQ

— RB (@RBPundit) August 1, 2014

CDC Issues Level 3 Travel Alert As ‘Largest Ebola Outbreak In History’ Spreads!

CDC urges all US residents to avoid nonessential travel to Liberia, Guinea, and Sierra Leone because of an unprecedented outbreak of Ebola.


Santelli Exchange – Jean-Claude Trichet On QE – How Major Central Banks Are Influencing The Private Sector And Stocks, Post Financial Crisis.

CNBC’s Rick Santelli speaks to former ECB president Jean-Claude Trichet, about how major central banks are influencing the private sector and stocks, post financial crisis.

Don’t Buy This Dip: The Fed Is Not Your Friend

by David Stockman

During the last 64 months “buying the dips” has been a fabulously successful proposition. As shown in the sizzling graph of the NASDAQ 100 below, at it recent peak just under 4,000 this index of the high-growth, big cap non-financials stood at an astonishing 3.5X its March 2009 low. Moreover, during that 64 month period, there were but five minor market corrections—-the three largest reflecting just a 7-8% dip from the [...]

David Morgan On the Dollar’s End-Game: Deflationary Crash Or a Hyperinflationary Monetary Collapse?

from Silver Doctors:

The world’s leading silver expert David Morgan joins The Doc & Eric Dubin this week to discuss:

The Fed tapers official QE another $10 billion- gold & silver whacked the day after the FOMC statement yet again

David breaks down gold and silver trading over the first half of 2014: Gold & Silver still base building a Major Bottom

Is [...]

Gold’s Sweet Spot – Strongest Months Are August, September, November And January

by GoldCore


Today’s AM fix was USD 1,284.50, EUR 959.16 and GBP 762.99  per ounce.
Yesterday’s AM fix was USD 1,295.00, EUR   966.92 and GBP 767.36  per ounce.

Gold fell $14.60 or 1.13% yesterday to $1,282.10/oz and silver slipped $0.25 or 1.21% to $20.37/oz.

Seasonal Gold – Gold’s Strongest Months Are August, September, November

Palladium was the only one of the major precious metals to rise in July, climbing 3.2% for its sixth month of [...]

New Law Requires Russian Bloggers To Register With The Government

Pre-Crash Bubble Shows Unavoidable Failure of U.S. Economy!

Why The Fed Can’t See A Bubble In Equity Valuations
The Latin American Crisis was caused by massive amounts of government spending, leading to extreme deficits and high inflation.
“An economic contraction of 3.5 percent, annual inflation of 41 percent and a drop in consumption of 3.8 percent will be the indicators at the end of 2014 in the event of a default
Europe has just experienced the biggest sovereign default in history
The [...]

Why Wait for the Shoe to Hit the Floor? The Case for Selling Now

by Charles Hugh-Smith

Waiting to sell is akin to ignoring the smoke and flames in the crowded theater and hesitating until somebody yells “fire!” to rush for the now-jammed exit.

The stock market is supposed to be a discounting mechanism that anticipates and prices in developments six months out. This discounting mechanism has been broken for so long that many participants seem to have forgotten how to do anything but buy the dips, [...]

Rev. Bud Green Claims He’s Behind the ‘White Flags on Brooklyn Bridge’!

The self-proclaimed founder of the POT Party, a pro-marijuana and anti-government group, claimed responsibility Thursday for last week’s American flag swipe on the Brooklyn Bridge, The Daily News reported.

The Rev. Bud Green reportedly called the paper and said the government is “trying to silence the people” and said it was only the increased security at the bridge that prevented another planned flag swipe.

Green told the paper he is a former [...]

Argentina Has Now Defaulted, Job layoffs Are Soaring, India And Russia Make A Deal To Bypass The Dollar…. The Central Bankers Have Prepared A Special Event To Cover Up The Collapse

Argentina has now defaulted. Moody’s cuts Bulgaria’s deposit rating. Unemployment claims rose unexpectedly. Job layoffs are soaring in 2014. India and Russia make a deal to bypass the dollar. Sanctions are starting to hurt Europe and US businesses. Ebola outbreak is getting worse and the CDC is at level 3. The majority of illegals are around 15-22 of age, prefect for working and going to war. UN reports there is [...]

Weekly News Wrap-Up 8.1.14: Gaza War, US and EU Sanctions Against Russia, Global Ebola Outbreak and More!

Gaza war, now even the Pentagon is concerned about civilian deaths as allegations of Israel shelling a U.N. facility housing civilians were hit. Hamas vows to fight on and so does Israel. Hamas wants its borders opened, and Israel wants the rockets and tunnels shut down.

U.S. and EU sanctions increased this past week because of the crisis in Ukraine. The sanctions are tougher but leave some loopholes, such as the [...]

Dow Falls 300 Points, These Factors Could Exacerbate Selloff

Stocks tumbled on Thursday, with benchmark indexes on track for their first monthly losses since January, as investors worried about Europe’s economy, an Argentine default and a jump in U.S. labor costs prompted concerns about corporate margins.


“We’re a worldwide economy, so the credit of one country effects other countries, and a lot of the bond holders were U.S. based,” said JJ Kinahan, chief strategist at TD Ameritrade.

Beer Crisis Hits California

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

I need to disclose upfront that I’m biased: I’m a beer lover. And I live in beer-paradise, the crazy state of California. Kicking back with a brewski from a local craft brewer, of which we have over 450, can make even the Fed’s capers less aggravating. But soon that beer-induced smile on my face may dry up.

California’s enduring drought that has turned into [...]

Trader Alert: A Massive “Triple Top” Could Be Forming. Keep An Eye On This Chart.

From Chris Kimble via Yahoo! Finance:


“Triple Top” in this Value Index, followed by a break of support?

“It’s not the odds of an event coming true that are important… it’s the impact if it does!!!”

The odds may be low this is a triple top (nothing proven at this time)… yet if it is, the impact could [...]

‘GLOBAL PANDEMIC ALERT’: Europe And Asia On Alert, CDC Issues Airline Advisory, Travelers Could Face Flight Restriction, Sierra Leone Deploys Security Forces… Quarantines…

Atlanta Hospital to Treat Ebola Patient…

The Atlanta Journal-Constitution

Emory University Hospital is expected to receive a patient infected with the deadly Ebola virus within the next several days, the university announced Thursday.

It’s unclear when exactly the patient will arrive, according to a statement from Emory. The Clifton Road hospital has a specially built isolation unit to treat patients exposed to certain serious infectious diseases. Set up in collaboration [...]

EBOLA – What You’re Not Being Told


by Dave Hodges

The threats posed by a nuclear meltdown are catastrophic. What if the United States was facing 124 nuclear meltdowns, similar in scope to the meltdown at Fukushima, all at the same time?

Lessons Learned From Fukushima

Most aware Americans are cognizant of the fact that because of Fukushima, the fish of the earth are becoming inedible and the ocean currents as well as the prevailing ocean winds [...]

HUGE MISS: CHICAGO PMI UNEXPECTEDLY PLUNGES TO 52.6 (63.0 Estimated)!!! July Chicago PMI biggest drop since Oct. 2008!!!

The Chicago purchasing managers index unexpectedly plunged to 52.6 in July from 62.6 in May.

Economists were expecting the index to climb to 63.0.

“A monthly fall of this magnitude has not been seen since October 2008 and left the Barometer at its lowest level since June 2013,” MNI Chicago said in its press release. “In spite of the sharp decline this month, feedback from purchasing managers was that they [...]

The Trigger Points For World War III Are In Place

Pessimism is a useful prism through which to view the affairs of states. Their ambition to gain, retain, and project power is never sated.

Optimism, toward which Americans are generally inclined, leads to rash predictions of history’s ending in global consensus and the banishment of war. Such rosy views accompanied the end of the Cold War.

They were also much in evidence a century ago, on the eve of [...]

Police State : DC Police arresting people before the crime takes place

SOURCE: http://www.foxnews.com

News Articles:

D.C. Cops Conducting FBI-Like Stings to Arrest People They Predetermine as ‘Bad Guys’

Pre-Crime Technology To Be Used In Washington D.C.

Central Bank Induced Substitution Of Debt for Income Is Not Success–It’s Failure on an Epic Scale

by Charles Hugh Smith

The Fed’s substitution of debt for income has only doomed the nation to a deeper, more painful realignment of real income and expenses.
The economic “recovery” has been based on a simple premise: debt can be substituted for income with no ill effects. As real household incomes have declined, the legitimate foundation of additional spending–more income–has eroded for the bottom 90%.
Even the ephemeral foundation of additional debt-based spending–the Fed’s [...]

US to Sell ‘Largest Ever’ Hellfire Missile Cache to Iraq!

The United States is preparing to sell the Iraqi government 5,000 Hellfire missiles through a proposed $700 million deal intended to equip Baghdad with additional power as militants from the Islamic State continue to wage a campaign across the region.


Markets Are In The Red, Major Portugese Bank Crashes, Argentina Defaults AGAIN, France’s Largest Bank Posts Massive Loss

Stocks are down across Europe.

Britain’s FTSE is down 0.2%.

France’s CAC 40 is down 0.7%.

Germany’s DAX is down 1.0%.

Spain’s IBEX is down 1.6%.

This comes in the wake of new inflation and unemployment data.

Consumer prices in the euro zone climbed by just 0.4% year-over-year in July, the lowest rate in five years.

Meanwhile, the unemployment rate in the region slipped to 11.5% [...]

Heiner Flassbeck: The Stock Market Bubble Can Burst At Any Moment Because Everybody Knows There Is No Real Growth Behind It

On Reality Asserts Itself, Mr. Flassbeck says the stock market bubble can burst at any moment because everybody knows there is no real growth behind it; then we are really in trouble as the whole effect of stabilization will disappear in one moment

This Is What Is Going To Happen If Ebola Comes To America

By Michael Snyder

If the worst Ebola outbreak in recorded history reaches the United States, federal law permits “the apprehension and examination of any individual reasonably believed to be infected with a communicable disease”.  These individuals can be “detained for such time and in such manner as may be reasonably necessary”.  In other words, the federal government already has the authority to round people up against their will, take them to detention [...]

You Must Believe The Propaganda, We Are In A Full Recovery

Italy’s unemployment is critical and getting worse. Portugal has plunged to 9 month lows. France’s housing industry just collapsed. ADP jobs missed expectations. Manipulated GDP 2nd Quarter number hits 4%, remove sub-prime borrowing and inventory hording the GDP is negative. FED continues to taper keeping up the illusion that the economy is recovering. Australia want to impose a tax to spy on its own people. NY is tracking peoples movements. [...]

Argentina Defaults According to S&P: What Now?

July 30 (Bloomberg) — Argentina’s credit rating was cut to selective default by Standard & Poor’s as settlement talks with U.S. hedge funds led by Paul Singer’s Elliott Management continued past the country’s grace period. Bloomberg’s Trish Regan, Matt Miller and Mike McKee have more on “Street Smart.” (Source: Bloomberg)

What Will Happen First, An Economic Collapse or Martial Law?

by Dave Hodges

What will happen first? Will we fall under the specter of martial law and all that entails? Or, will we experience an economic collapse prior to martial law?

In the present state of affairs, it is very easy to focus on the invasion of America through our Southern border as the Fifth column insurgents make their way into the country in the form of [...]

Greenspan: U.S. Running Out Of Buffer In Economy; Stocks To See Significant Correction.

In an interview with Bloomberg’s Betty Liu, former Federal Reserve Chair Dr. Alan Greenspan said the U.S. is “running out of buffer in economy,” “lacks fiscal resources,” and has “no way to find new revenues.”

Greenspan said equity markets will see a decline at some point after surging for the past several years, “The stock market has recovered so sharply for so long, you have to assume somewhere along the line [...]

Use of the word ‘bubble’ reaches worrying levels

The word “bubble” in association with markets has been mentioned in the press 4,600 times this year, a high profile industry commentator has noted, and it could be a worrying trend if the talk of bubbles continues at this pace, analysts told CNBC.

On Sunday, the co-founder of Morgan Stanley subsidiary ConvertBond.com Lawrence McDonald, who is a well-known market commentator and New York Times contributor, tweeted the [...]

Ebola: Doctors told to prepare for global outbreak after victim was allowed on two planes

Doctors fear Ebola victim Patrick Sawyer may have sparked a worldwide spread of the killer disease after being allowed on two flights while infected.

And tonight a desperate race was on to find dozens of passengers who flew on the same jets as the 40-year-old American.

British doctors and border officials have been warned to be on the lookout for people in the UK showing signs of the disease.

He had a stopover in Ghana [...]

‘Big Brother’ Airport Installs Worlds First Real-Time Passenger Tracking System!

Civil liberty groups criticise a new tracking device at Helsinki Airport that can monitor passengers’ footsteps, from arrival at the car park to take-off!


America ‘Under the Dome’: Who dies in food wars? Austerity, wars, population control in the coming age

By Paul B. Farrell, MarketWatch

Horror master Stephen King’s “Under the Dome” is a vision of America’s future. Trapped in a massive bubble world warning us to wake up. Get into action. Forget today’s market gurus predicting 40% stock crashes. King’s “Dome” sees how our 21st century America has become a critical mass of bubbles of our own making, guaranteed to self-destruct, unless we listen to the warnings:

ANALYSIS: Greek debt, gold, espionage, and US anti-Putin propaganda may yet make Merkel face East.



As European citizens head for the August Beach fest, very few of them will be aware that the World may be on the brink of the biggest shift in global power scales since 1938. The reasons for this are various…but they are all, allegedly, giving Mutti Merkel pause for thought.

Last January I posted at some length about how Greece would default on [...]

NEW MH17 SENSATION: German experts point finger at Ukrainian air-force jets.


Surface to air missile attack ruled out as calibre of cockpit bullet holes puts Ukraine pilots in the frame for MH17 murders

This is what a German pilot-cum-air technology expert Peter Haisenko has just published on the subject of the MH17 disaster (my emphases):

‘The misfortune of the Malaysian MH 017 is known to all. The flight
recorder is in England and is being evaluated. What can come of [...]

Public Safety: Suspected skimming device found at Circle-K 8/1/2014

Public Safety: Suspected skimming device found at Circle-K


Ebola outbreak: Fight against disease hampered by belief in witchcraft warns British doctor

Ebola outbreak: Fight against disease hampered by belief in witchcraft warns British doctor


The Rich Will Spread Ebola Faster: Ebola spiraling out of control!

The Rich Will Spread Ebola Faster: Ebola spiraling out of control!



At the Margin