ANALYSIS: The beheading of James Foley is a fake. The beheading of African bank accounts isn’t.


How the Foley beheading gore has been overstated, and the Africa Bank haircut has been understated

If you’ve been trying to view the ‘beheading’ of James Foley over the last two days, then I’d imagine you’ve found it well-nigh impossible. It seems that in Britain, if you watch it you may be committing an offence under the Terrorism Act. I don’t live in Britain any more, so [...]


by James Quinn

I’ve told myself to not even look at the highly manipulated statistical drivel put out by the government, corrupt organizations, and regurgitated and spun in a positive manner by the captured corporate media. Just when I thought I was out, they pull me back in.


I see Marketwatch with this blaring headline:


Existing-home sales rise 2.4% in July


They are breathlessly describing how this was better than expected, as if it [...]

The US dollar’s share of global FX reserves is falling… ‘At the end of 2013, central bank gold holdings represented about one-fifth of all the gold ever mind’ – Jeff Clark

the US dollar's share of global FX reserves is falling… $DXY pic.twitter.com/0EBL1GuC7i

— $hane Obata (@sobata416) August 21, 2014

at the end of 2013, central bank #gold holdings represented about one-fifth of all the gold ever mind – Jeff Clark pic.twitter.com/jQNFDvBlK1

— $hane Obata (@sobata416) August 21, 2014

Money Manager’s Warning: “The Bull Move Has Lasted So Long Nobody Can See Its End”

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

Here’s when US equity and bond markets will change direction,” Cali Money Man grumbled a few days ago. He is a wealth manager and has been on the job at brokerage firms and large banks through three phenomenal crashes. Unlike others, he hasn’t forgotten the craziness that led up to them.

“When investors come to fear the next Fed-talk, that’s when markets will change [...]

INTEREST RATE RISES: stand by for the traffic accident



Overpriced stock markets have finally met Zirp interest levels. The Slog analyses why this is the unstoppable force colliding with the immovable object.

Well, this was always going to happen. Even in a world where the fundamentals have been manipulated or ignored, one tiny élite cannot block the needs of others forever.

We now have a global capital pot so acutely aware [...]

ALERT: China Manufacturing PMI Treads Water, Goldman Warns Additional Chinese Stimulus Risks Global Financial Stability

Stunning drop in July data little cause for alarm http://t.co/otNNKOzsa2 pic.twitter.com/Z5XsGIAWzR

— Global Times (@globaltimesnews) August 21, 2014


China Manufacturing PMI Treads Water

Chinese manufacturing is once again treading water, barely above contraction according to the HSBC Flash China Manufacturing PMI.

Key points

Flash China Manufacturing PMI™ at 50.3 in August (51.7 in July). Three-month low.
Flash China Manufacturing Output Index at 51.3 in August (52.8 in July). Three-month low.

Read more at http://globaleconomicanalysis.blogspot.com/2014/08/china-manufacturing-pmi-treads-water.html#vv9vde7r7r7s1gWo.99

Goldman Warns Additional [...]

Mafia Boss Says Stocks A Bubble, Buy Physical Gold and Silver

by GoldCore

Today’s AM fix was USD 1,280.50, EUR 965.03 and GBP 772.32 per ounce.
Yesterday’s AM fix was USD 1,294.50, EUR 973.75 and GBP 777.76 per ounce.

Gold and silver were mixed yesterday – gold fell $4.80 to $1,291.10 and silver rose 1 cent to $19.50 per ounce.

Gold in U.S. Dollars – 2 Years (Thomson Reuters)

Gold traded marginally higher in trade in London after gold in Singapore fell to as low as [...]

Big Banks “Bought” Congress … So Credit Derivatives Are Bigger than Ever

 by WashingtonsBlog

The Causes of the 2008 Crisis Have Never Been Addressed

We’ve noted for years that Washington never reined in the risky derivatives which helped cause the 2008 crash … and so the big banks hold more derivatives than ever.

We’ve also noted that the financial services industry has bought and sold Congress.

Indeed, Washington never fixed the causes of the 2008 financial crisis.

Yesterday, Janet Tavakoli gave a good overview of the problem to CBC:

We threw money at the banks, and it [...]

This Is Worse Than 2008: Auto Repos Have Soared by 70%. Caterpillar Has Been Declining For 20 Months In A Row

Argentina is not going to pay the creditors. Auto repos have soared to 70%. Caterpillar has been declining for 20 months in a row.This is worse than 2008. China getting ready to launch their global gold hub this September. An EU think tank is telling the Euro zone to prepare for mass rioting and protests. Low flying black helicopters flying over rooftops in St. Paul. Syria is warning the US [...]

China Economic Recovery Losing Momentum, Wang Says

Aug. 21 (Bloomberg) — Wang Tao, a Hong Kong-based head of China economic research at UBS AG, talks about a report today showing a Chinese manufacturing gauge fell below analysts’ estimates in August. She speaks with Rishaad Salamat on Bloomberg Television’s “On the Move.” (Source: Bloomberg)

Report: Spec Ops Contractors To Missouri: “Never Guessed We Would Deploy A High Threat Team In Our Own City”

Mac SlavoAugust 20th, 2014SHTFplan.com


The events in Ferguson, Missouri are a harbinger of things to come. In addition to the deployment of National Guard troops and the heavy militarization of local and federal law enforcement agents in the area, it looks like private special operations contractors with experience in middle east war zones have been asked to help.

Their mission is not clear and no one in any official government capacity is saying anything. But [...]

Resource Wars Spread Globally

Bear Market Looming? Stock Buybacks Are Falling, Car buyers Struggle with Loans, The Trend for Part-Time Work Sweeping The World

Stock buybacks are falling — here’s why it matters 

Insight: U.S. corporations have been borrowing like billy-o, but now they’ve stopped, says Brett Arends

Everyone knows the stock market has skyrocketed in the past few years, but far too few understand why.

No, it hasn’t been magic. It hasn’t been levitation. It hasn’t been the natural state of affairs.

It’s been supply and demand.

U.S. corporations have been spending hundreds of billions of dollars a year [...]

Hyperinflation CRISIS Caused by Fed Will Destroy U.S. Dollar!

Apple Soars to Record Amid Optimism About Coming Products
Average Price of Ground Beef Hits All-Time High
Price Index for Steak Hits All-Time High
The Federal Reserve’s balance sheet has more than quadrupled to $4.4 trillion since the beginning of the economic crisis due to its large “quantity” of securities purchases (ergo “quantitative easing”).
US Inflation in January 2014 Ticks Up, Annual Inflation Rate at 1.6%
Venezuela’s 12-month inflation tops 62 pct in June


30 stats to show to anyone that does not believe the middle class is being destroyed

By Michael Snyder

The 30 statistics that you are about to read prove beyond a shadow of a doubt that the middle class in America is being systematically destroyed.  Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a staggering pace.  Yes, the stock market has soared to unprecedented heights this [...]

JUST IN: US officials: Military weighs plan to send a small number of additional troops to Iraq. AP

JUST IN: US officials: Military weighs plan to send a small number of additional troops to Iraq. AP

— PzFeed Top News (@PzFeed) August 20, 2014

BREAKING: US officials: Military weighs plan to send a small number of additional troops to Iraq.

— The Associated Press (@AP) August 20, 2014

Priorities: Obama is back to golfing at the Vineyard Golf Club after delivering statement on Foley's murder – @mpoppel

— PzFeed Top News (@PzFeed) August [...]

James Rickard: I’m expecting the next crisis sooner rather than later… Japan fell off a cliff, Europe is hitting stall speed, France is zero growth, Germany is negative, Italy is negative, Russia is slowing down partly because of sanctions, China’s slowing down…

Chritoph Gisiger, Finanz und Wirtschaft, Released on 8/19/14

Listening to James Rickards ain’t healthy for your stomach. The American lawyer, economist, and investment banker predicts that the global economy is heading for a disaster which will be even worse than the financial crisis of 2008. At the center of this horrifying scenario is the end of the Dollar as the leading world reserve currency, says the author of The [...]

Panic Is Setting In: Police Fire into Escaping Crowd in Ebola-Quarantined Monrovia Slum. 10 Ebola Deaths Reported in Congo!

Coming to a Neighborhood Near YOU!MONROVIA, Liberia — Liberia’s halting efforts to contain the Ebola outbreak spreading across parts of West Africa quickly turned violent on Wednesday when angry young men hurled rocks and stormed barbed-wire barricades, trying to break out of a neighborhood here that had been cordoned off by the government.Soldiers repelled the surging crowd with live rounds, driving hundreds of young men back into the neighborhood, a [...]

The Housing Bubble’s Silver Lining: As Rents Climb, Developers Large And Small Take Out Their Calculators And Dreams Of Wealth Blossom: But No, This Is Not Bubble.

by Charles Hugh-Smith 

As rents climb, developers large and small take out their calculators and dreams of wealth blossom: but no, this is not bubble.

The disastrous blowback from inflating housing bubbles is painfully obvious: as housing becomes unaffordable, households impoverish themselves to “get in now before it’s too late;” malinvestment (i.e. McMansions in the middle of nowhere) flourishes as housing becomes a speculative financial vehicle rather than shelter; retirement funds [...]

White House Negotiates with ‘Underground’ Lobbyists on Executive Orders

Obama is WRITING LAWS…. this is NOT LEGAL…..White House Negotiates with ‘Underground’ Lobbyists on Executive OrdersOn Monday The New York Times reported that ever since Obama declared his intention of using executive orders to reshape immigration policy, “the process of drafting” that policy “has been conducted essentially behind closed doors, where lobbyists and interest groups invited to the White House are making their case out of public view.”

Nearly 1,800 lobbyists stopped [...]

I don’t understand. ISIS beheading American doesn’t make NYT front page but dominates front page in top UK paper.

I don't understand. ISIS beheading American doesn't make NYT front page but dominates front page in top UK paper. pic.twitter.com/MAkImvqJ36

— Elliott Schwartz (@elliosch) August 20, 2014

August 20 Ebola Spread: California, New Mexico, Germany, Austria, India, Myanmar, and more. Liberia Seals in 75,000 no docs, no food in or out

The Ebola Virus is spreading very fast. Cases are now believed to exist in:Sacramento, CA 

http://www.news10.net/story/news/local/2014/08/19/kaiser-ebola-patient/14316293/Albuquerque, New Mexico

http://www.kob.com/article/stories/S3535038.shtml#.U_FuCmNrNc8Berlin, Germany 




http://timesofindia.indiatimes.com/city/delhi/3-Ebola-suspects-at-Ram-Manohar-Lohia-Hospital/articleshow/40325158.cmsYangbon, Myanmar 





http://hisz.rsoe.hu/alertmap/site/index.php?pageid=event_summary&edis_code=BH-20140814-44919-SCGIn Liberia, the government has SEALED-OFF an area just outside the Capitol City of Monrovia. A place called West Point, a slum with about 75,000 people, is now QUARANTINED with no one allowed in or out. No Doctors. No food shipments. The 75,000 people there will either die of Ebola or starve to [...]

EVERYTHING Is Inflated Due To Cheap Credit! With ZIRP, It Is Successfully Extended My Retirement Age To 145

Aug. 20 (Bloomberg) — On today’s “The Agenda,” Tom Keene, Scarlet Fu and Adam Johnson look at trending news stories and the Twitter question of the day on “Bloomberg Surveillance.” (Source: Bloomberg)

Peak Gold? Russia To Surpass Australia As World No 2 Gold Producer

by GoldCore

Today’s AM fix was USD 1,294.50, EUR 973.75 and GBP 777.76 ounce.
Yesterday’s AM fix was was 1,300.25, EUR 973.75 and GBP 781.17 per ounce.

Today’s LBMA Silver Price was USD 19.42 per ounce. Yesterday’s LBMA Silver Price was USD 19.66 per ounce.

Gold and silver fell yesterday – gold fell $3 to $1,295.90 and silver fell 19 cents to $19.49 per ounce.

Russian central bank acquired another 300,000 ounces worth $3.9 billion [...]


from SGT Report.com:

James Corbett, The Corbett Report.com: Investigative journalist, writer, filmmaker, prolific truth teller. Please watch & share James’ new documentary: Century of Enslavement: The History of The Federal Reserve

Snowden: NSA MonsterMind Cyber-warfare Bot Can Kill The Internet

Snowden: NSA MonsterMind Cyber-warfare Bot Can Kill The Internet

Invest 96L. Models showing Hurricane Development: Target GOM or East Coast.

Euro and GFS have a GOM spin up.CMC has a possible East Coast hit.http://moe.met.fsu.edu/tcgengifs/Stay tuned for updates.http://www.nhc.noaa.gov/http://www.nrlmry.navy.mil/tc-bin/tc_home2.cgi?YEAR=2014&MO=08&BASIN=ATL&STORM_NAME=96L.INVEST&PROD=track_vis&PHOT=yes&ARCHIVE=active&NAV=tc&AGE=Latest&SIZE=Thumb&STYLE=tables&AID_DIR=/SATPRODUCTS/TC/tc14/ATL/12E.LOWELL/tpw/microvap&TYPE=ssmi


Why Retail Sales Are Faltering: Bottom 60% Of Households Have No Real Income Gains Since 2008

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

The largest retailers in the US are struggling to get their sales up. Walmart’s US comparable-store sales were flat for the quarter ended August 1. Macy’s reported disappointing sales and cut its forecast for the year. Other retailers have chimed in, some with better results (Home Depot, for example), some with fiascos (Elizabeth Arden, with a 28% plunge in sales).

It has been tough out [...]

“Dell Inc. spent more on buybacks than they earned over their entire lifetime” – Ritholtz

"Dell Inc. spent more on buybacks than they earned over their entire lifetime" – Ritholtz

— $hane Obata (@sobata416) August 20, 2014

Secret Fed Meeting Holds Key To Ferguson Riots

Bix Weir: Another 2008 Around the Corner, War with Russia-China to Protect US Dollar, Ferguson Police Action

How long can they keep this Ponzi scheme of an economy game going? Bix Weir ofhttp://RoadToRoota.com contends, “It’s almost exactly like the “Wizard of Oz” and the little man behind the curtain. He’s sitting in the basement of the U.S. Treasury and New York Fed orchestrating all these players to do what they are supposed to do. They get all the banks to rig every market to make sure the system [...]

Ebola death toll tops 1,200 as virus spreads

#Ebola death toll tops 1,200 as virus spreads http://t.co/7lCDXQBbk3 pic.twitter.com/z8NLHkpZb1

— Global Times (@globaltimesnews) August 20, 2014

Everyone Is Wondering… Is the Dollar and Equities Ready to Crash?

by batr.org


As the yearly end of summer doldrums engulf the Hamptons, the uber-wealthy position themselves for a rocky coming storm when the robust fall trading season begins. Some of the most memorable major equity collapses happen during this time of year. Logic, fundamentals and sound business analysis has very little to do in forecasting when the actual plug will be pulled on the rocket ride in stocks. In a rigid game, [...]

Robert Kiyosaki: How understanding taxes can make you rich

Robert Kiyosaki & Kim Kiyosaki, The Rich Dad Radio Show, Released on 8/19/14

“Taxes are one of the mains reasons why there’s a gap between the rich and the middle-class, because the poor don’t pay taxes, the middle-class pays taxes!”

“The rich can make more money and pay less in taxes, but so can you. You see, the tax laws are not written for the rich, the [...]

U.S. Preparing To Bomb Syria, FAA Declared Syrian Airspace No Fly Zone

Spain’s and the EU recovery dissipates into ashes. Food prices are up and computer prices are down, no inflation? Housing permits surge in July and Home Depot reports improved earnings, housing recovery on track or is it? FAA restriction are extended to Aug 25, meanwhile the protesters and the police continue to clash. More residents are reporting masked men pushing the agenda of rioting, looting etc. Syrian opposition pushing the [...]

Why Aren’t Americans Taking The ISIS Threat ‘To Drown All Of You In Blood’ Seriously?

By Michael Snyder

If some psychopaths were running around crucifying and beheading lots of people and then they said that they wanted to drown my family “in blood” I would be inclined to take them seriously.  But so far, most Americans seem to be completely and totally unconcerned about ISIS.  Perhaps that is because we had so many years where we were told that al-Qaeda was a major threat [...]

Congress Members Who Approve Militarization of U.S. Police Receive 73% More Money from Defense Industry

by WashingtonsBlog

Congress Is For Sale to the Highest Bidder

Americans of all stripes oppose the militarization of U.S. police forces.

For example:

A December 2013 Reason-Rupe poll found that 58% of Americans thought that police militarization has gone too far

A new Pew research poll shows that a plurality of people think that the police have gone too far in Ferguson, Missouri

So why does Congress continue to approve militarization? For the same reason that Congress members vote for NSA spying [...]

Fiat Currencies Alert: Draghi Is Running Out Of Legal Ways To Fix The Euro, Warren Buffett And The Chinese Are Loading Up On Hard Assets

Draghi Is Running Out Of Legal Ways To Fix The Euro

In an interview with the Financial Times last week, Matteo Renzi struck a defiant tone against suggestions by the European Central Bank that Italy needs to implement more structural reform. Still, the Italian prime minister missed a trick. He should have said that he does not take advice from a central banker who is missing his own targets. If Mario Draghi, [...]

American Corporations Are Greedier Now Than Ever Before! Your Paycheck Has Been Shrinking For 5 Years… “Workers Are Struggling, And They Don’t See Signs That Things Are Suddenly Going To Change.”

Why Does The Economy Stink? Because America’s Owners Are Greedier Now Than Ever Before

GDP growth.

The U.S. economy is still sputtering. (See GDP growth chart above.)

Why is growth so slow and weak?

One reason is that average American consumers, who account for the vast majority of the spending in the economy, are still strapped.

The reason average American consumers are still strapped, meanwhile, is that America’s companies and company owners — the [...]

Just What Has QE Accomplished Since 2009?

by Phoenix Capital Research


The Federal Reserve will stage its annual Jackson Hole meeting this week. The markets are rallying into this because traders have been conditioned to buy stocks going into major Fed meetings/ announcements.

The rumors around Wall Street are that Yellen will point out how the US recovery remains weak and thus the Fed should continue to keep interest rates at zero.


ST. LOUIS, MO (KTVI) – St. Louis Police Chief Sam Dotson says officers warned a suspect multiple times to put down his weapon before they shot and killed him.

The shooting happened around 1 p.m. Tuesday at McLaran and Riverview. Police say the suspect tried to rob the Six Star Market convenience store with a knife. Chief Sam Dotson said the store owner let the man leave the store. A St. [...]

BREAKING: Discharged Ebola Victim Returns Back In Lagos Hospital with Recurring Symptoms

This could be a major development, potentially the virus can reoccur even if a patient is deemed cured.

Stay tuned for updates.Reports have it that the woman was previously discharged from the hospital and then readmitted when she started showing signs of infection. - See more at:


Harrowing Images of Liberia’s Ebola Outbreak


Ebola is one of those freak viruses that can overwhelm us even with antibodies to it in our system.Persistent Infection with [...]

‘Everything Is Pricey’ – Economist Robert Shiller: Stocks, Bonds And Housing Might All Be Getting Too Expensive

Stocks, bonds and housing might all be getting too expensive, economist Robert Shiller said Tuesday.

“My price-earnings ratio has been above 20 for more of the last 20 years,” he said. “It’s at 26 now. So, it’s a little higher than the average for those years, but it’s been high for a long time. It’s not exactly a new alarm.”

On CNBC’s “Halftime Report,” the Yale University economics professor said that the [...]

WHO’S telling TRUTH – OBAMA or PUTIN – WILL there be WW3

In a recent interview with Putin and another with Obama we can easily see the truth of this situation. Everyone in America should watch these interviews and listen carefully to what is said. The U S is PUSHINING for war and Putin is patiently holding back this threat and propoganda like attack with grace. Let all American’s understand the real truth about our Governement and their desire for a new [...]

No Jail Time: Will BofA Settlement Deter Risky Behavior?

Aug. 21 (Bloomberg) –- Morrit Hock & Hamroff Partner Randy Zelin and Bloomberg’s Keri Geiger discuss Bank of America agreeing to pay $16.65 billion to end federal and state probes into mortgage bond sales. They speak on “Street Smart.” (Source: Bloomberg)

Missouri Governor Orders National Guard, Military Police to ‘Withdraw’ from Ferguson

After the quietest night of protest yet, Governor Nixon Orders National Guard, Military Police to Withdraw from Ferguson!


Hemorrhagic Gastroenteritis Outbreak Kills 70 in Congo. 75,000 Quarantined for Ebola in Liberia

BREAKING: Outbreak of hemorrhagic illness kills at least 70 in northern DR Congo, but is not EbolaAt least 70 dead, 522 sickened by outbreak of hemorrhagic gastroenteritis in DR Congo

Reuters: At least 70 dead, 522 sickened by outbreak of hemorrhagic gastroenteritis in DR Congo

— Michael van Poppel (@mpoppel) August 21, 2014

BREAKING: Outbreak of hemorrhagic illness kills at least 70 in northern DR Congo, but is not Ebola – Reuters — [...]

Andrew Klavan: Income Redistribution

In which our host, Andrew Klavan, explains the leftist fantasy called income redistribution to himself.

RICK PERRY: There Is ‘A Very Real Possibility’ ISIS Forces Have Crossed US-Mexican Border

Texas Gov. Rick Perry (R) believes the jihadist group the Islamic State of Iraq and Syria (ISIS or ISIL) may have already sent militants across the U.S.-Mexican border.

Perry was directly asked about this prospect Thursday afternoon after he gave a border-security speech at the Heritage Foundation, a conservative think tank. Perry, a potential 2016 presidential candidate who spent much of the speech castigating ISIS after the [...]