How The Pentagon Is Preparing For A Tank War With Russia

“What’s necessary is political accommodation, is what needs to happen, if we don’t conduct operations and plan campaigns in a way that gets to the political accommodation,” he said. “The most important activity will be to broker political ceasefires and understandings.” Sometimes that happens at the end of a tank gun...

'Cost-Burdened-Renters' Surge To Historic Highs As Hillbama-nomics Fails For Low-Income Faithful

As we have discussed many times in the past, for the Average American, owning a home is increasingly unaffordable. This has led to a dramatic surge in rents, and ultimately to a significant squeeze on the cash flow of renters across the nation. As Hillbama slam any fiction-peddler as unpatriotic, the inconvenient trith is that while nearly universal among lowest-income households, cost burdens are rapidly spreading among moderate-income households as well, especially in higher-cost coastal markets.

They Are Putting Armed Guards On Food Trucks In Venezuela

We are watching what happens when the economy of a developed nation totally implodes. Could you imagine living in a nation where all this is going on? Most Americans could not even conceive of such a thing. But of course the truth is that up until just recently most Venezuelans could not either. In fact, just a couple years ago Venezuela was one of the most prosperous nations in all of South America... There are all sorts of signs that the thin veneer of civilization that we all take for granted in the United States is starting to crumble as well.

China Devalues Yuan Most In 10 Months As Premier Li Warns Of Brexit "Butterfly Effect" On Financial Markets, Economy

In a somewhat shockingly honest admission of the frgaility of the global financial system, Chinese Premier Li warns that a disillusioned British butterfly has flapped its wings and the entire global financial system could collapse. Responding to the plunge in offshore Yuan since the Brexit vote (down 7 handles to 5-month lows over 6.65), PBOC devalued Yuan fix by 0.9% (6 handles) - the most since the August crash - to Dec 2010 lows. Finally, we note USD liquidity pressures building as EUR-USD basis swaps plunge.

Congressman: Only Politicians Need Firearms For Protection

“Law-abiding citizens just shouldn’t have to carry a gun," said Rangel. But when reminded that he and other members of Congress are protected by armed members of the U.S. Capitol Police, Rangel laughingly insisted, "Well that’s a little different.  I think we deserve - I think we need to be protected down here."

JPMorgan Lays Out "The Worst Case"

"Longer term the implications for markets could be more serious. Investor positioning during the euro debt crisis can be thought of as the worst case for markets in the current conjuncture.  It would require another 10% decline in global equity indices from here, for the equity weighting of non-bank investors in the world to return to euro debt crisis levels in a worst case scenario. Such a decline would also push the current bond allocation of 22% to above the 23% peak seen during the euro debt crisis."

Another Sexual Assault Gets Refugees Banned From Pools In Austria

Following an incident involving a "foreigner" and a 13-year-old girl, the mayor of Mitselbach temporarily banned all refugees from attending the swimming pool. The authorities put a poster next the pool entrance reading “Today no entry for refugees,” and two guards were hired to patrol the premises. “This decision was not easy, and I take responsibility for it,” the mayor said. “The ban on asylum seekers from the swimming pool is temporary, until the security is in place,” he added.

Capital Flight Chaos - Safe Havens Are Tiny Markets

There's a preponderance of data that shows the world's major asset markets are dangerously overvalued. And when these asset bubbles start to burst, the 'save haven' markets that investment capital will try to flee to are ridiculously small. Investors who do not start moving their capital in advance of crisis will be forced to pay much higher prices for safety -- or may find they can't get into these haven assets at any price...

"Trying To Wash Away Her Bad Judgement?" - Clinton Attacks Trump Following Brexit Results

Aside from the millions of UK voters who chose to regain sovereignty last week, one of the biggest winners of the Brexit vote is potentially Donald Trump. Trump's rise in popularity is in no small part due to the fact that people in the US are tired of the status quo, politics as usual nonsense, and Trump allows for an outlet to that sentiment. Well aware of this fact, and presumably concerned that Trump would be able to capitalize on the Brexit vote, the Clinton campaign is trying desperately to get past the fact that Hillary was on the wrong side of the vote as quickly as possible.

A Tale Of Two Asset Classes: Gold Miners Soar, Banks Crash

"...that’s credit bubble thinking. Banks are dominant forces in an economy only when that economy is creating an unhealthy amount of credit. When the process exhausts itself the banks tank, and terrified capital flows back into “primitive” safe havens. Like Friday..."