"Vladimir Putin had a telephone conversation with President of the United States of America Barack Obama.... the presidents of Russia and the US had an extensive discussion of current issues in bilateral relations. They also engaged in a detailed exchange of opinions concerning the situation in Syria and touched on settling the issue of the Iranian nuclear programme."
MAD – Mutually Assured Destruction – is way over. It kept a somewhat uneasy peace during seven decades of Cold War. Cold War 2.0 is as hardcore as it gets. And with all those Breedhate Strangeloves on the loose, nuclear madness is now at five seconds to midnight.
China's margin loan balance sits at around CNY2.2 trillion, and while that’s certainly impressive, there’s every reason to believe that at least another CNY500 billion in margin lending has been funneled into the Chinese stock market via the country’s shadow banking complex. As regulators tighten the screws on shadow margin lending, are stocks in for a rude awakening?
Seemingly confirming the national new normal, dumbing-down-ness, the following clip shows Americans have absolutely no idea about the value of precious metals. When asked if they would like to purchase a 10oz silver bar (worth $160) for just ten bucks, every single one refused... one even refused to handover a half-drunk Starbucks coffee for the silver bar...
"Certain countries are roping in countries from outside the region to get involved in the South China Sea issue, putting on a big show of force, deliberately exaggerating the tense atmosphere in the region." And by "certain countries" China means the Philippines.
Pointless wars costing millions of innocent lives, poisoned food, air and water, demolished resources, manipulated economies run by elitist bankers who nonchalantly lend money with conditions for “interest”, corporate profiteering at any cost to humanity, a medical system built on sickness instead of health, media mindmush poisoning children and adults alike, draconian clampdowns for any reason, and on and on. Why is this not obvious to people that something is seriously wrong, and clearly intended to be just the way it is? Do they really think it’s gonna iron itself out, especially with clearly psychopathic power mad corrupt maniacs in charge?
Surely the “world-beating” Chinese equity rally and the paper profits it’s generated have had a decisively positive effect on the spending habits of the millions of housewives and banana vendors who have pyramided borrowed money into small fortunes. Or maybe not...
"Great minds discuss ideas; average minds discuss events; small minds discuss people"...and complete f##king idiots obsess about flags.
According to the IG's deputy Timothy Camus, two "lower-graded" employees at the IRS center in Martinsburg, West Virginia, erased 422 computer backup tapes that contained as many as 24,000 emails to and from former IRS official Lois Lerner. It gets better: the tapes were erased in March 2014, months after congressional investigators requested all of Lerner's emails, and months after Zero Hedge, among many others, said to simply track down the server back ups. And the punchline: according to George, the workers might be incompetent, a lead investigator said Thursday, but there is no evidence they were part of a criminal conspiracy to destroy evidence.
Trillions upon trillions in “stimulus” and the FOMC is left, pathetically, fighting for the distinction of “it’s not as bad as it looks.” That would seem to make this the most costly economic age ever conceived, with global implications that are just now starting to be felt as whatever faith was leftover from 2008, wrong or right, wears off all over the world. That is a highly combustible deficiency, since the longer the global economy remains disorientated the more likely it is to experience not just recession but, since this is all still so leveraged (even more poorly this time), something potentially worse.
"Racial and ethnic minorities now surpass non-Hispanic whites as the largest group of American children under 5 years old, the Census Bureau said Thursday. The demographic rise of minorities comes at a time when heightened racial tensions make headlines from St. Louis to Charleston, South Carolina, and as minorities lag in education, earnings and labor market outcomes."
In late June 1997, eighteen years ago, this part of the world felt pretty normal. People had jobs. Inflation was fairly low. The economy was growing. Confidence was high. Life was great. Property prices soared. Stock prices soared. It was a classic bubble... But it all unraveled, practically overnight.