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How Children Of The 0.001% Choose Their College

Why endure a five-hour drive from Manhattan to Cornell in a rental car, when for just $150,000 you can undertake a 12-leg American college tour in the comfort of your own Gulfstream G200? As The NY Post reports, "dozens of families are taking advantage of the convenience by visiting colleges this way," which includes introductions to "high-profile alumni," such as athletes and successful businesspeople. It seems to us that everyone should have this opportunity - free private-jet college tours for all!



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No Matter Who Wins The White House, The New Boss Will Be The Same As The Old Boss

The American people remain eager to be persuaded that a new president in the White House can solve the problems that plague us. Yet no matter who wins this next presidential election, you can rest assured that the new boss will be the same as the old boss, and we - the permanent underclass in America - will continue to be forced to march in lockstep with the police state in all matters, public and private. It really doesn’t matter what you call them - the 1%, the elite, the controllers, the masterminds, the shadow government, the police state, the surveillance state, the military industrial complex - so long as you understand that no matter which party occupies the White House in 2017, the unelected bureaucracy that actually calls the shots will continue to do so.



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Hong Kong Insanity Launches Exchange Operator's Shares Into Orbit

Because the only thing more exciting than betting on the continuation of a margin-fueled, self-feeding domestic mania is betting on the exchange where the maniacs are trading...



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Is This How The Bank Of Japan "Signals" It Is About To Boost QE?

As we have noted previously, The Bank of Japan (BoJ) is one of a handful of central banks that trade on global stock markets. The finance ministry holds a 55% stake of the Jasdaq-traded security, which as one analyst noted "seems like an odd investment." However, it appears BoJ shares serve a different purpose - to signal an imminent easing to the market. As Bloomberg reports, BoJ stock has surged almost 30% in the last few days on very heavy volume... the previous 4 times we saw spikes in price and volume, Japanese authorities eased significantly in the following days.



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Greece May Pay Wages And Pensions In IOUs

Greece could "issue IOUs to pay public sector workers and pensioners and free up money to repay its debts. But this could cause economic chaos if fears that the IOUs would never be paid sparked riots or public sector employees simply refused to work."



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Cop Sues NYPD Over Quotas, Slams The Racketeering Culture

"The culture is, you're not working unless you are writing summonses or arresting people...  Those tickets might look like productivity on paper... but they're not actually making anyone safer."



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Mario Draghi, Collateral Scarcity, And Why The ECB Will Soon Buy Corporate Bonds

Mario Draghi, perhaps blinded by confetti, doesn't see a scarcity of collateral while HSBC thinks that's a bit "strange," and Morgan Stanley doesn't really see what the problem is even as their own analysis shows that it is now "impossible" for Germany to fully implement their portion of the program under the capital key. Meanwhile, FT thinks it's possibly important that thanks to the absurd consequences of NIRP-dom, the ECB may soon take the plunge into euro corporate credit sending yields on corporate bonds negative.



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San Antonio Woman Fined $2000 For Feeding The Homeless

Based on the newsflow in the last few weeks, Americans must increasingly consider themselves lucky just to avoid getting shot in the back or being run over by trigger-happy, heavily armed officers of the law. Unfortunately while we (hope we) mostly jest, the reality is that America has quietly turned into a heavily weaponized police state right under everyone's noses. A police state in which one doesn't have to be considered even a remote threat by the authorities to suffer. Consider the completely innocuous act of feeding the homeless, with a permit, which as San Antonio philanthropist Joan Cheever, founder of the nonprofit food truck, the Chow Train, discovered last week was enough to get her ticketed and fined $2000 for feeding the homeless.



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A World Of Bubbles

ECB's Draghi: "Haven't seen any evidence of any bubbles"
Fed's Bullard: "Most of the risk from bubbles lies ahead of us"
China's Li: "Will guard against bubbles"



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Paul Craig Roberts: "Will Washington Kill Us All?"

The propagandistic American “media” and the crazed neoconservatives have set humanity on the path to destruction. The American people and the entire world need to understand that the threat to life on earth resides in Washington and that until Washington is fundamentally and totally changed, this threat will remain as the worse threat to life on earth. Global Warming can disappear instantly in Nuclear Winter.



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Dutch Central Banker Fired For Being A "Nazi Cross-Dressing, Nymphomaniac, Dominatrix" Prostitute

They say don't let money printing get to your head, but for one now former central banker it is far too late. The identity of the former employee of the Dutch Central Bank in question is unknown, what is known is that the money authority of the Netherlands has fired a 46-year-old female employee who for 6 of her 8 years with the central bank made money on the side as a "dominatrix prostitute who described herself as a high-class nymphomaniac and earned €10,000 a week dressing up as a Nazi and whipping men."



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Artist's Rendering Of The California Drought

A rude awakening...



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If QE Is So Great, Why Stop Printing Now?

Chair Yellen frequently reminds us how effective and innovative QE is as a monetary policy tool. She even referred to the monetary actions, of her former boss, as heroic at a commencement speech this past spring. Literally…QE has saved the financial world. So, why are we, the citizens of this great country, no longer worthy of the almighty, far ranging and omnipotent QE? Ms. Yellen, don’t you stop this money printing anytime soon. Just erase that thought from your mind just like you can simply erase away all my financial worries with that great machine of yours. We, the ignorant public, are so relying on you. As we see it there is just no downside to any of this money printing.



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So You Want Bridgewater To Manage Your Money? There Is One Small Condition

"Bridgewater’s assets under management increased from $150 billion as of 12/31/13 to approximately $154 billion as of 12/31/14."... "Bridgewater generally requires that its Clients have a minimum of $5 billion of investable assets."... "For new client relationships, Bridgewater’s standard minimum fee is expected to be $500,000 for its All Weather strategy, $1,000,000 for its Pure Alpha and Pure Alpha Major Markets strategies, and $4,750,000 for Optimal Portfolio."



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