• GoldCore
    09/04/2015 - 07:43
    Large pools of gold in indebted nations will be vulnerable. Pool accounts, digital gold bullion vaulting providers and depositories in the UK and the US might have their companies and assets...
  • Sprott Money
    09/04/2015 - 05:58
    It can't continue indefinitely, and there has to be a terminal point, and I think obviously we're much closer to that.

Tyler Durden's picture

Steen Jakobsen Warns "The Fiat Economy Is Unsustainable"

We live in a Fiat economy where growth is fuelled by debt, and less and less from productivity and demographics. This takes place in a closed circuit with the US dollar as the reserve currency. The problem now is that the economy can not get restarted without changes to one or several parameters. Simply put, this fiat economy is unsustainable and must change, and we must adjust to slower growth and start actually producing.



Tyler Durden's picture

Trump Signs Pledge To Not Run As 3rd-Party Candidate

Leading Republican presidential nominee Donald Trump appears to have just gone 'all-in'...

*TRUMP SAYS HE'S SIGNED PLEDGE NOT TO RUN AS 3RD PARTY CANDIDATE

And while he was at it, he took a jab at Hillary as "the worst secretary of state in the history of the world." . Maybe The Economist is on to something.



Tyler Durden's picture

NATO Opens (Another) Command Post Near Russian Border; Kremlin Warns Against "Cold War Logic"

"The opening of the new units will feed an artificially created confrontation. [This is] the logic of the Cold War. It runs counter to genuine interests of the European and regional security." - Alexander Grushko, Russian ambassador to NATO.



Tyler Durden's picture

Welcome To Liberland: The Tiny Strip Of Land In Europe Where 360,000 People Have Applied For Citizenship

"If we accepted everyone, we would be larger than Iceland." – Liberland founder, Vit Jedlicka



RANSquawk Video's picture

RANsquawk Nonfarm Payroll Preview 4th September 2015

 

 

This Friday appears to be make or break for the Fed's data dependency, as the FOMC's September rate decision looms.



Tyler Durden's picture

Why The Rally Just Fizzled: Draghi's "Puff" Was Not Enough

Confused why the blistering rally off the open following Draghi's uber-dovish commentary has completely faded? The following note from BMO's Mark Steele should explain it.



Tyler Durden's picture

Central Banker Urges Lying To The Public About Bank Health

For years, many had mocked both European and US stress tests as futile exercises in boosting investor and public confidence, which instead of being taken seriously repeatedly failed to highlight failing banks such as Dexia, Bankia and all the Greek banks, in the process rendering the exercise a total farce.  The implication of course, is that regulators, thus central bankers, openly lied to the public over and over just to preserve what little confidence in the system has left.  Now we know that this is precisely the policy intent: as Reuters reports citing a paper co-authored by a Bundesbank economist, "banking supervisors should withhold some information when they publish stress test results to prevent both bank runs and excessive risk taking by lenders."

In other words: lie.



Tyler Durden's picture

Mapping The Crisis Contagion Process: The Flowchart

How did the world manage to go from one acute crisis to mutliple acute crises in the space of seven years despite trillions in central bank asset purchases, you ask? Here's the crisis contagion roadmap to help explain.



Tyler Durden's picture

This Is Not A Retest - It's A Live Bear!

The US economy was not “decoupled” in the slightest during the expansion of the great global monetary boom that has now crested. Nor will it uncouple during the deflationary bust that must necessarily ensue. The ultimate worldwide hit to US exports is evident in the 20% drop in shipments to Brazil, and that’s just for starters because its economic depression is just getting underway. Likewise, the panicked flight of hot dollars from Brazil now besetting the global financial markets is only indicative of the turmoil to come as the massive “dollar short” unwinds on a global basis. So this is not a retest. We are in the midst of an unprecedented global deflation. A real live bear market is once again at hand.



Tyler Durden's picture

Americans Have Never Been Dumber

Three years ago, we noted the dumbification of America was accelerating as SAT scores hit record lows. It appears the need for the Derek Zoolander Center For Kids Who Can't Read Good And Wanna Learn To Do Other Stuff Good Too has never been greater as Bloomberg reports that students in the high school class of 2015 turned in the lowest critical reading score on the SAT college entrance exam in more than 40 years, with all three sections declining from the previous year.



Tyler Durden's picture

This Is What The Historic "Risk Parity" Blow Up Looked Like

The volatile sell-off in global equities from Thursday August 20th through Tuesday August 24th, alongside a relatively muted diversification benefit from fixed income, led many risk parity funds to suffer a sudden and sharp drawdown over the four-day period. The performance drawdown and subsequent spike in the volatility of risk parity funds likely triggered a significant deleveraging in their assets.



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West Point Professor Calls For Military Strikes On Journalists Critical Of War On Terror

An assistant professor from the U.S. Military Academy at West Point recently declared that professionals critical of the “War on Terror” constitute a “treasonous” opposition that should be subject to military force.



Tyler Durden's picture

Will The Fed Have To Save Emerging Markets With QE4?

The risk-off tide is rising, and sand castles of QE will only hold the tide back for a brief period of apparent calm.



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Saudi Arabia Just Cut Crude Selling Prices To The US, Europe And Asia

WTI Crude oil prices are in total panic buying mode this morning as the algos are fully in charge once again. WTI is up 5% this morning in a straight line since US equity markets opened (and USO went vertical). What is most ironic is that Saudi Aramco just slashed prices for crude oil to everyone around the world.



Tyler Durden's picture

Suddenly The Bank Of Japan Has An Unexpected Problem On Its Hands

By monetizing more than the entire Japanese budget deficit, the BOJ is running of out willing sellers. Without those, Japan's QE, just like that of the ECB, will grind to a halt. Better yet, this creates a vicious loop, because with every passing month, the inevitable D-Day when the BOJ has no more TSYs on the offer gets closer, which in turn will force those who bought stocks to sell in anticipation of the end of QE, and to seek the safety of bonds themsleves, in effect precipitating the next inevitable Japanese stock market crash.



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