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"Only The Dumb Save" - ECB Pens Incoherent Response To Germany's Criticisms

It appears as though the ECB has had enough of the thorn in its side that is Germany in this latest round of back and forth, and has taken to what it does best: jawboning. In an article published today in the Frankfurter Allgemeine Sonntagszeitung newspaper, executive board member Benoit Coeure writes a rambling article defending ECB's policies, tells Germany that the ECB is the reason for its economic success, and downplays the issues that any savers may be having under NIRP.


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Consensus Forming: China Heading Back Into Financial Crisis

China’s historic post-2009 debt binge flew largely under the radar - fooling most observers into thinking the global economy was recovering rather than just re-leveraging. Now Beijing is back at it, borrowing over $1 trillion in this year’s first quarter, buying up commodities and creating the illusion of global growth. But this time the scam hasn’t gone unnoticed. Reporters, editors and money managers seem, at last, to be catching on. So think of today’s relative calm as the eye of yet another storm, and what’s coming as a return to the hyper-leveraged new normal.


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"The Situation In Iraq Has Become Very Dangerous"- Iraq PM Orders Arrests As Green Zone Protest Disbands

The situation in Iraq has become very dangerous,” said Wathiq al-Hashimi, a Baghdad-based political analyst said cited by Bloomberg. “No one will be able to control thousands of angry protesters while the rest of residents in Baghdad are in panic and living in real fear.” 


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Germany's Third Largest Party Adopts Anti-Islam Manifesto: Says "Muslims Are Not Welcome In Germany"

One week after Austria was shocked by the news that its right-wing, anti-immigrant Freedom Party, had swept the competition, gathering over 35% of the vote and leaving the other five candidates far behind, Europe's anti-immigrant juggernaut just added to its momentum when neighboring Germany's populist AfD party adopted an anti-Islam policy on Sunday in a manifesto that also demands curbs to immigration according to AFP. The biggest surprise however, is that the three year-old party is now also Germany's third strongest party.


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10 Stats About The Last 10 Years

Think back over the last 10 years - how different was your life in April 2006?  While you may think your daily existence is largely the same (maybe the kids are older or you’re married now, but that about it…), consider what was actually different about your life in the spring of 2006:No iPhone;No Facebook (unless you were in college at the time); No Twitter; No Instagram; No Kim Kardashian; No Uber; No iPad.


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"If This Goes Well, I'll Use It At Goldman Sachs Next Year" - Obama Mocks Everyone At His Final "Nerd Prom"

In his final address to the White House correspondents dinner also known as "nerd prom", Obama embraced his last chance at a snarky, hyperbolic, comic monologue and used the stage to unleash a series of one-liners at 2016 presidential candidates in both parties, the media and his own career as president.


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CSX Freight Train Derails In Washington D.C., 9 Cars Overturned, Hazardous Material Leaking

A CSX freight train has derailed in Washington D.C.., near the Rhode Island Avenue Metro station Sunday morning leaving several cars overturned and resulting in a leak of hazardous materials. Doug Buchannan, a spokesman for the D.C fire department, said as many as nine cars have derailed and at least three are leaking hazardous material. The incident happened at 6:40 a.m. Sunday.


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US-Created System In Iraq Is Collapsing: Protesters Storm Parliament, State of Emergency Declared - Live Webcast

Less than two years ago, the US set up another puppet government in the mid-east this time in the state of Iraq when following substantial US pressure, on August 14, 2014 then prime minister al-Maliki agreed to stepped down and be replaced with Haider al-Abadi. Today, the regime is in chaos and the system set up in Iraq by the US is collapsing when protesters loyal to popular Shiite cleric Muqtada al-Sadr breached the heavily fortified Green Zone, home to government buildings and foreign embassies, and stormed the Iraqi parliament forcing MPs to flee and unleashing a state of emergency for all of Baghdad.


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State-Sanctioned Theft - The Failed War On Drugs And Cops' Abuse Of Civil Forfeiture

The ugly unspoken truth is that the War on Drugs is a massive jobs and funding program for law enforcement that is operated under the guise of saving people from the evils of substance abuse. More than 40 years after it was started, we know that it has been a colossally-expensive epic failure on its stated goals, was intentionally designed to further disenfranchise marginalized groups, and has become a full-fledged assault on our civil liberties.


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Visualizing The Market Cycle

Like many controversial topics in investing, there is no real professional consensus on market timing. Academics claim that it’s not possible, while traders and chartists swear by the idea. That said, as VisualCapitalist's Jeff Desjardins notes, one thing that everyone can probably agree on is that markets are cyclical and that securities do have recurring chart patterns. They aren’t predictable all of the time, but learning the fundamentals around market cycles can only help an investor in furthering their understanding of how things work.


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China Takes Drastic Measures To Save The Regime

Chinese President Xi Jinping recently announced that he would take command of all of China’s armed forces, including the People’s Liberation Army (PLA). Xi is already chairman of the Central Military Commission that oversees the army. He is now taking a more direct role as head of the new Joint Operations Command Center, which puts him in operational command of the PLA in times of war. The new title in all likelihood means little in terms of actual command, but it has tremendous political significance. Officially, the Chinese are reforming their military, which is logical (read why here). The roots of this change, however, lie in China’s economic crisis and the need to preserve the regime.


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What Are The Three Signs Of A "Disorderly" Currency Market: Richard Koo Explains

First sign of disorderly market: widening bid-offer spreads
Second sign: gapping
In extreme cases, dealers stop answering their phones


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Taking The 'Petro' Out Of The Dollar

While the Arab countries floated themselves on oceans of petro-dollars forty years ago, they have little need for them now. So we must now turn our attention to China, which is well positioned to act as white knight to Saudi Arabia. China’s SAFE sovereign wealth fund could easily swallow the Aramco stake, and there are good strategic reasons why it should. A quick deal would help stabilise a desperate financial and political situation on the edges of China’s rapidly growing Asian interests, and keep Saudi Arabia onside as an energy supplier. China has dollars to dispose, and a mutual arrangement would herald a new era of tangible cooperation. The US can only stand and stare as China teases Saudi Arabia away from America’s sphere of influence.


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It's A Trap!

We (the people) love the smell of 'free stuff' in the morning...


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Nothing Is Real: "It's All Being Played To Keep People Believing The System Is Working"

"We exist, beyond any shadow of any doubt, in an environment of absolute fakery where nothing is real... All of this is being played in a way to keep people believing, once again, that the system is working and will continue to work."


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