When The Trucks Stop Running...

"... Then within two weeks, clean water supplies would run out. Within four weeks to eight weeks, there wouldn’t be coal delivered to power plants and electricity would start shutting down. And when that happened, about a quarter of our pipelines use electricity, and so natural gas plants wouldn’t be fed natural gas and they’d start shutting down. It’s a big interdependent system. That’s part of the problem..."

"A Date Which Will Live In Infamy" - President Nixon's Decision To Abandon The Gold Standard

Instead of impeachment proceedings and his ultimate resignation for the juvenile break in at the headquarters of the nation’s other ruling crime syndicate, Nixon should have been imprisoned for this deliberate and destructive act which has led, in large measure, to the nation’s crushing and insurmountable debt burden, reoccurring booms and busts, and now economic stagnation.

FBI Uncovers Over 15,000 More Emails In Clinton Probe

The FBI’s year-long investigation of Hillary Clinton’s private email server uncovered tens of thousands more documents from her time as secretary of state that were not previously disclosed by her attorneys. Worse still, as Judicial Watch details, “it looks like the State Department is trying to slow roll the release of the records."

 

Hungarian Politician Slammed For Suggesting Pig's Heads Along Border To Stop Immigrants

In an effort to ward off immigrants, Hungary had placed eerie 'scarecrow-like' masks - fashioned from vegetables - along its border fence. Responding to remarks that "your root vegetable heads will not deter them," Hungarian politician (and MEP) Gyorgy Schopflin, snapped back that he agreed, adding that "pig’s heads would deter more effectively." His comments were not well met...

Merkel Accused Of "Fearmongering" After Telling Germans To Stockpile Food "In Case Of Catastrophe"

The German government's civil defence plan has been strongly condemned by the opposition party Die Linke (the Left Party), who accused Merkel that her proposal could result in a public frenzy. “By bringing out new plans all the time, the government could make people afraid people and even lead them to panic buy,” Dietmar Bartsch, co-chair of Die Linke told the Rheinische Post on Monday.

Marx & Markets

Investors should check their ideologies and personal politics at the door. The fact is, that strong and enduring capital markets can only survive in truly capitalist economies, preferably with strong representative governments. With accretive capital formation in question, it occurs to us that the largest global capital markets have become little more than tools for Marx’s "ruling class" - in this case well-funded politicians and their patrons - to socialize the factors of production. Whether such a conclusion is good, bad or irrelevant to market performance is the focus of this report.

One Trader's Advice If The "Ultimate Breakdown Is Likely To Be Sudden, Intense And Large"

When it’s clear the game has become rigged, it’s easier and less risky to stop playing that game, and go play a different game somewhere else... There is a huge disincentive to step boldly in the direction of sanity... which serves as a dangerous feedback loop to reinforce a false narrative that everything is awesome and under control.

Ryan Lochte Has Lost All Of His Sponsorship Deals

Update: As we learned moments ago, Ryan Lochte has now lost his last two remaining sponsorships, those with Airweave and Gentle Hair Removal, meaning as of this moment, his Rio gas station "exager-gate" stint has cost him all of his future advertising endorsement.

Congress Demand An Explanation For Epipen Price Increases; Mylan Slides

Senator Charles Grassley, an Iowa Republican, asked Mylan to explain a steep price increase in the price of Epipens in recent years, citing complaints from constituents who say they have to pay as much as $500 for one of the pens. Fearing a repeat of last year's pharma battering, Mylan holders promptly sold the stock.

The Collapse Of American Free Press: Martin Armstrong Rages "It's Just Over"

"It is a sad day for journalism. It has never been so manipulative than it is today. This is truly the end of everything that made America the beacon of liberty for the world. It is just a hallow shell. To think that the parents of these journalists worked hard to make sure their children had a better life. They have disgraced their parents."

Bulls, Bears & The Broken Clock Syndrome

“Put simply, most apparent “opportunities” to obtain investment returns above zero in conventional assets over the coming decade are based on a misunderstanding of valuations, total returns, and historical yield relationships. At current valuations, virtually everything is priced for a decade of zero. The unwinding of these speculative extremes is likely to be chaotic, and will likely occur over a shorter horizon than investors imagine."

Jeff Gundlach Explains Why He Is Now "100% Net Short"

"I've been net short all year. The US stock market bid my macro fund and I'm doing great. I'm not having trouble at all making money on the short side. In fact, my longs are probably bringing the performance down. Because I'm net short 100%."