For anyone to seriously challenge the American Leviathan, it must be understood that the mainstream media is a part of that despotic structure and it too must be neutered. Donald Trump has done more than any Presidential candidate to expose the treachery of the mainstream media, now others must take up the cause.
DB has continued to hemmorhage cash with the FT reporting that the German lender's exchange traded fund unit has seen billions in outflows as Germany’s biggest lender considers whether to sell parts of its asset management business. Specifically, investors have pulled $8bn from Deutsche’s ETF arm so far this year.
Spain is facing international criticism as it reportedly prepares to refuel a flotilla of Russian warships en route to bolstering the bombing campaign against the besieged Syrian city of Aleppo. El País reported that the Spanish ministry of foreign affairs was reviewing the permit issued to the Russian flotilla to stop at Ceuta. Politicians and military figures condemned the support from a NATO member as "scandalous," and "wholly inappropriate," while the head of the alliance indicated Madrid should rethink the pit stop.
Some say that the common currency prevents less productive economies from cheating by weakening their national currencies and forces them to become more efficient and competitive. Industrial production data shows that it is not the case. Italy, France, Greece and Portugal have not only stopped producing more; they are producing now less than in 1990! The decay started immediately after the introduction of the euro in 2002!
China is on a shopping spree, and has been "gobbling" up Japanese government bonds, adding that Beijing bought close to a net 9 trillion yen ($86.6 billion) worth of JGBs in the January-August period, more than tripling the amount from the same period last year. Incidentally that's almost equivalent to the number of US Treasurys sold by China.
The certainty is that the future will turn fully into a multipolar model, and this obliges Washington to struggle in every way possible to remain relevant. To date, apart from nuclear agreements, every choice has been counterproductive and wrong. Will Washington’s elites ever learn, or will they eventually become irrelevant?
"On November 8, you Joe Blow, Steve Blow, Bob Blow, Billy Blow, all the Blows get to go and blow up the whole goddamn system because it's your right. Trump's election is going to be the biggest fuck ever recorded in human history and it will feel good."
In what may be the worst news yet for DB's employees, moments ago Bloomberg reported that the German Bank is exploring "alternatives to paying bonuses in cash" as Chief Executive Officer John Cryan seeks to boost capital buffers.
It really does feel like the worst of both worlds: all the ravages of poverty, but none of the sympathy. "Blacks burn police cars, and those liberal elites say it's not their fault because they're poor. My son gets jailed and fired over a baggie of meth, and those same elites make jokes about his missing teeth!" You're everyone's punching bag, one of society's last remaining safe comedy targets.
Germany's ammunition exports skyrocketed in the first half of 2016, a leaked report has revealed. Turkey, currently suppressing its political opposition, has moved up the list of the country's best customers.
As fighting resumes in Aleppo following a brief ceasefire - and as Russia’s largest naval fleet to sail since the Cold War steams down the English Channel on its way to the western coast of Syria - it’s important, in times when most of the focus is being drawn to one point, to step back and look at the whole board.
“The best-informed market participants seem unenthusiastic about U.S. stocks at current prices,” said David Santschi, chief executive officer at TrimTabs. “Insider buying is running at the slowest pace for October in the past five years.”
"Policy makers everywhere have somehow convinced themselves that if they engineer higher longer-dated yields, then inflation expectations will rise too,” he explained. “They’re basically saying you can invert causation.” And in today’s new reality, everything’s possible, so why not inverse causation too?