Oct. 21 (Bloomberg) — Billionaire Carl Icahn comments on market volatility and corporate governance. He speaks with Bloomberg’s Stephanie Ruhle at the Robin Hood Investors Conference. (Source: Bloomberg)
Oct. 21 (Bloomberg) — Billionaire Carl Icahn explains why he think the high-yield market is in a bubble. He speaks with Bloomberg’s Stephanie Ruhle at the Robin Hood Investors Conference. (Source: Bloomberg)
On the dollar’s collapse: “It’s a systematic effort by the political class to rob the saving class… The money’s basically robbed from them and they do it slowly over time through inflation and sometimes not slowly when we have big bursts of inflation like maybe just around the corner ahead of us.”
Why precious metals are the “historic forms of money”, and what we have now is simply a “debt instrument”.
BY JOHN WARD
Here’s one the I’m-alright-Jack smartarses won’t be able to go hahahaha about. This is a post built on incandescent rage: if you don’t like bad language then look away now.
Earlier this year I coughed up €120 to have Microsoft 8.1 removed from my pc, having been forced via a retail supply monopoly to buy a laptop with this awful operating version on it.
Ever since, Microsoft panels have appeared [...]
People Will Pay a LOT of Money to Live Near the Money Spigot
We noted in 2011 that Washington, D.C. is like a separate country. Specifically, the sausage-makers engaging in pork-barrel politics and the lobbyists feeding at the trough are doing great … while the rest of the country stagnates.
No wonder D.C. is the most expensive city in America.
My daughter just came back from D.C., and brought me this souvenir:
Hidden Secrets Of Money is a world-leading educational series that is sponsored by, and also based on the priciples of WealthCycles. It shows the evolution of gold and silver as money, and teaches the historical economic mistakes that all societies repeat. The first series (Episodes 1-5) features bonus content that is available completely free of charge at http://www.HiddenSecretsOfMoney.com
From Season 2 onwards, all bonus content is reserved exclusively for members [...]
The first poll of how the Swiss people will vote in the “Save Our Swiss Gold” initiative on November 30th shows that the Swiss are leaning towards voting for the pro-gold initiative.
Gold Initiative Poll Results – 20 Minuten
The poll had quite a large sample of 13,397 people from all over Switzerland who participated in the first phase of the 20 Minuten online survey on October 15.
The poll shows that [...]
Follow the link and turn the volume up to high to hear him say himself. He offers many excuses to back his Belief, and that is, That the world is overpopulated! Isn’t It Nice to Know That Our New Ebola Czar, That we are to entrust with our Life, Thinks so HIGHLY(Sarcasm) About Our Life…. They call us the Goy!
by Adam Taggart
Recently, an article by Daniel Amerman caught our attention. Titled Is There A “Back Door” Method For The Government To Pay Down The Federal Debt Using Private Savings?, it details the process known as financial repression, where sovereign debts are slowly paid off by syphoning private savings from an unaware populace.
In this week’s podcast, Chris discusses the mechanics of the process, as well as its probability, with Dan:
To understand [...]
A top Ebola scientist that is working in the heart of the outbreak in Liberia says that this version of Ebola looks like it could be “a very different bug” from past versions.
Other leading scientists are echoing his concerns.
And yet Barack Obama and Thomas Frieden continue to publicly proclaim that we know precisely how this virus behaves.
Not only is that bad science, but it could also potentially result in the [...]
#HurricaneGonzalo: Winds up to 100mph lashing UK http://t.co/lr4Qmqxwy2 pic.twitter.com/w2ZmlQL1kw
— RT UK (@RTTV_UK) October 21, 2014
Wind speeds of up to 100mph are battering parts of the UK, as the tail end of Hurricane Gonzalo reaches British shores. Gusts and heavy rain have uprooted trees and caused flight cancellations, rail delays and road gridlocks.
The Met Office issued a ‘yellow’ weather warning on Tuesday, anticipating disruptive conditions will move eastward through the day. [...]
The mood in financial markets has turned gloomy again. Fears of deflation may lie behind recent weakness http://t.co/WwcIXBnwVu
— The Economist (@TheEconomist) October 20, 2014
THE mood in financial markets has turned gloomy again. Equity markets are retreating, commodity prices are falling and investors are stampeding for the safety of government bonds (see chart). Volatility has soared: the VIX, a measure of how much investors are willing to pay to insure against [...]
Italy building momentum to leave the Euro. The oil crash created by the U.S. and Saudi Arabia trying to destroy Russia’s economy. Obamacare plans increasing in cost. Senegal and Nigeria are now Ebola free. FDA blocking Ebola testing equipment already in existence. EU will not recognize elections in Southeast Ukraine. U.S. no placing sanctions on Libya to stop the people taking back their country. Humanitarian aid going to Islamic State [...]
I’m in tech and have been seeing this first hand for the last couple years. IBM is the first to let the cat out of the bag.
“We saw a marked slowdown in September in client buying behavior, and our results also point to the unprecedented pace of change in our industry.”
CEO Ginni Rometty said this in IBM’s Q3 earnings announcement, which revealed tumbling revenue and profits at the company.
The statement is [...]
The Debt to the Penny and Who Holds It
( Debt Held by the Public vs. Intragovernmental Holdings )
Debt Held by the Public
Total Public Debt Outstanding
The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months
The idea that the Obama administration has the budget deficit under control is a complete and total lie. According to the U.S. Treasury, the federal government has officially [...]
New Politico poll shows complete lack of faith in government http://t.co/jpZscvF5eI pic.twitter.com/drsOvzge3H
— Elliott Schwartz (@elliosch) October 20, 2014
Poll: 64% Say Things In America Are Completely ‘Out of Control’ http://t.co/ZCtdkCVn4h https://t.co/YeA5Wlncnc
— Elliott Schwartz (@elliosch) October 20, 2014
57% said they believe their personal costs will increase, while only 7% said they will decrease [under #Obamacare] http://t.co/OQPj19HrBG
— S2 (@StewSays) October 20, 2014
Stunning admission pic.twitter.com/SPcR8g4kfe
— Brett LoGiurato (@BrettLoGiurato) October 20, 2014
By Michael Snyder
Barack Obama and the Federal Reserve are lying to you. The “economic recovery” that we all keep hearing about is mostly just a mirage. The percentage of Americans that are employed hasbarely budgedsince the depths of the last recession, the labor force participation rate is at a 36 year low, the overall rate of homeownership is the lowest that it has been in nearly 20 years and approximately [...]
Federal reserve assets vs, S&P 500 index
Euro dollar parity 2017
“Bank of China introduced a cross-border yuan transfer service in 2011 that only allows money to be moved for immigration and overseas property investment purposes,”
Why Are Chinese Millionaires Buying Mansions in an L.A. Suburb?
by Chris Martenson
There’s something we ‘regular’ citizens wrestle with that the elites never seem to: a sense of moral duty.
For example, following the collapse of the housing bubble, many people struggled with mortgages they could no longer afford to pay, fearing the shame of default. Many believed defaulting was wrong somehow; that it was their moral obligation to pay their mortgages, no matter how dire their personal situation. And of [...]
October 20th, 2014
To say that the U.S. economy is in trouble would be an understatement. According to Shadow Stats economist John Williams, we may be on the very cusp of a crisis so severe that it promises to re-write the entire paradigm. Debt is out of control and foreign holders of U.S. Treasury bonds are getting antsy. Nowhere is this more obvious than in China and Russia, where leaders of the [...]
On Oct. 19, 1987, the Dow dropped 22.6% in a single day. That's like a 3,600-point drop today: http://t.co/5XKX6I8tWX pic.twitter.com/x5nH1xZcbq
— WSJ Markets (@WSJmarkets) October 20, 2014
HUSSMAN: The Risk Of A 1987 Style Crash Is Growing
The ASX is ripping higher, up 1% on Monday to 5,326 after the solid lead from the US markets at the end of last week and Friday’s big global surge in stock prices.
But given the recent [...]
by Golem XIV
I think Friday saw a power-shift from the central banks to the global private banks. I think the global banks served notice that the Central bank plan of 1) reining in the risk-taking of the TBTF banks and 2) stimulating growth in the real economy is now dead in the water. There is a new plan. (Let me apologise now for this video being too long. I really did [...]
BY JOHN WARD
THE DELIBERATE ATTEMPT TO PAUPERISE LABOUR IS KILLING CAPITAL
Much as I admire the tireless work done by the Rowntree Trust, there are times when its desire to avoid controversy gets a little silly. In particular, I’m referring to its tendency to write about poverty as if it might be an indiscriminate virus.
These are the main factors that create poverty:
* Macro-economic and fiscal mercantile globalism
* Credit given to those [...]
Despite no official action from the president ahead of the election, the Obama administration has quietly begun preparing to issue millions of work authorization permits, suggesting the implementation of a large-scale executive amnesty may have already begun.
Unnoticed until now, a draft solicitation for bids issued by U.S. Citizenship and Immigration Services (USCIS) Oct. 6 says potential vendors must be capable of handling a “surge” scenario of 9 million id cards [...]
The European status quo and EU elites are becoming increasingly concerned by popular calls in Italy for Italy to leave the European Monetary Union and the euro “as soon as possible” and return to the lira.
Beppe Grillo, the leader of Italy’s Five Star Movement has shocked EU elites by launching of a non-binding consultative referendum on the matter which will be put before the parliament.
“We will collect half a [...]
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter
It was not the most productive summit in the history of mankind. President Vladimir Putin, after watching a military parade in Belgrade, Serbia, and questioning Kosovo’s independence, arrived in Milan on Friday so late that Chancellor Angela Merkel, with whom a private meeting had been scheduled, had to cool her heels for hours. Once done at 2 a.m., he headed over to his buddy’s place, persona non grata [...]
By Michael Snyder
Barack Obama and the head of the CDC need to quit saying that we know exactly how Ebola spreads. Because the truth is that there is much about this virus that we simply do not know. For example, a top Ebola scientist that is working in the heart of the outbreak in Liberia says that this version of Ebola looks like it could be “a very different bug” [...]
“After America Comes North America,” Gen. Petraeus Boasts
NAFTA’s 20-Year Legacy and the Fate of the Trans-Pacific Partnership
More than 845,000 specific U.S. workers have been certified for Trade Adjustment Assistance (TAA) as having lost their jobs due to imports from Canada and Mexico or the relocation of factories to those countries. The TAA program is quite narrow, only covering a subset of jobs lost to trade, and is difficult to qualify [...]
Today, the President is signing a new Executive Order directing the government to lead by example in securing transactions and sensitive data.
While there is no silver bullet to guarantee data security, the President is signing an Executive Order to implement enhanced security measures, including securing credit, debit, and other payment cards with microchips in lieu of basic magnetic strips, and PINs, such as those standard on consumer ATM cards. He [...]
Multiple Flights have been diverted to Other airports due to bad weather around Manchester!
Opium poppy cultivation has hit an all-time high in Afghanistan despite a 10-year, $7.6 billion effort by the U.S. government to fight it, according to a new report.
The Special Inspector General for Afghanistan, who authored the report, warned Secretary of State John Kerry, Attorney General Eric Holder and other top U.S. officials that the gap between expenditures and results should make them rethink their approach.
“Given the severity of the opium [...]
PLEASE LIKE & SHARE!! Are we going into a Dark Winter? The militarization of the response to Ebola potentially sets the stage for government by presidential executive decrees in a state of emergency. Rick continues his warning that conservatives are foolish to write off Barack Obama as a lame-duck who will suffer a humiliating electoral defeat on Nov. 4. Cuban evangelist Augusto Perez joins Rick to discuss whether Ebola is [...]
By CHRIS EDWARDS
A tax reform is spurring a savings revolution in Canada. Amity Shlaes and I wrote about Canada’s Tax-Free Savings Accounts (TFSAs) in the Wall Street Journal in August. We think that such accounts would be a fantastic policy reform for America. They would simplify the taxation of savings, encourage families to save more, and spur stronger economic growth.
Toronto firm, Investor Economics, has released new data confirming the popularity [...]