Internal War Is Now On The Horizon For America
Submitted by Tyler Durden on 01/07/2016 - 22:30
As our situation in this country becomes more precarious, there are going to be far more flashpoints than anyone will be able to keep track of. It is inevitable that a fight between corrupt elements of the U.S. government and regular people will erupt.If internationalists were to get their way fully with the world and future historians write their analysis from a globalist perspective of the defunct American nation, they will probably say simply that our collapse was brought about by our own incompetence - that we were our own worst enemy. Yes, they would treat America as a cliché. They will of course leave out the destructive influences and engineered disasters of elitists, that would just complicate the narrative. My hope is that we do not prove these future historians correct, and that they won’t have an opportunity to exist.
Martin Shkreli Secures Bail With $45 Million E*Trade Account, Demands Respect From Wu-Tang Clan
Submitted by Tyler Durden on 01/07/2016 - 22:00
“I bought the most expensive album in the history of mankind and RZA is talking shit behind my back and online in plain sight. If I hand you $2 million, fucking show me some respect.”
2016: Oil Limits & The End Of The Debt Supercycle
Submitted by Tyler Durden on 01/07/2016 - 21:30
The problem of reaching limits in a finite world manifests itself in an unexpected way: slowing wage growth for non-elite workers. Lower wages mean that these workers become less able to afford the output of the system. These problems first lead to commodity oversupply and very low commodity prices. Eventually these problems lead to falling asset prices and widespread debt defaults. These problems are the opposite of what many expect, namely oil shortages and high prices. This strange situation exists because the economy is a networked system. Feedback loops in a networked system don’t necessarily work in the way people expect.
"The Jihadists Will Attack Europe": Leaked Phone Call Shows Gaddafi Warned Tony Blair Of Terror Attacks
Submitted by Tyler Durden on 01/07/2016 - 21:00
"They keep saying things like Mohammed is the prophet. Similar to Bin Laden. They are paving the way for him in North Africa."
The "Monsters" Unmasked: Cologne Police Admit "Most Of The Attackers Were Refugees"
Submitted by Tyler Durden on 01/07/2016 - 20:30
While previously there was some ambiguity with regard to who actually perpetrated the attacks which allegedly unfolded in Cologne on New Year's Eve, authorities are now sure that "most" of those involved were "freshly traveled asylum seekers." From Die Welt: "Primarily it was the most Arab perpetrators to sexual offenses or, to put it from their point of view to their sexual amusement. A group of men circling a female victim, closes it and takes on the woman."
Russell Napier Explains How The Decline Of The Yuan Destroys Belief In Central Banking
Submitted by Tyler Durden on 01/07/2016 - 20:28
If you had not noticed, 2016 has begun with gold and the USD rising simultaneously. This is different and important. This is very positive for gold and very bad for the world...
Here We Go Again: Chinese Stocks Plunge, Give Up Early Gains Despite Yuan Fix Unchanged
Submitted by Tyler Durden on 01/07/2016 - 20:23
Update: *SHANGHAI COMPOSITE INDEX FALLS 2.04%(AFTER BEING UP 3.2%)
With all eyes on Chinese FX and equity markets, following the worst start to a year for US (and Chinese) stocks in history, PBOC decided (after 7 straight days of devaluation and 7% devaluation since August) to halt the run and increase Yuan fix by a paltry 0.01% to 6.5636 (notably below yesterday's 6.5939 CNY close). Offshore Yuan is strengthening and US equity markets are jumping. Chinese equity markets (now theoretically unhampered by their circuit-breaker panic switch) are far less impressed.
It's Official: Bitcoin Was The Top Performing Currency Of 2015
Submitted by Tyler Durden on 01/07/2016 - 20:00
For most investors, the major story of 2015 was the expectation and eventual fulfillment of a rate hike, signalling the start of tightening monetary policy in the United States. This policy is divergent to those of other major central banks, and this has translated into considerable strength and momentum for the U.S. dollar. Despite this strength, the best performing currency in 2015 was not the dollar. In fact, the top currency of 2015 is likely to be considered the furthest thing from the greenback.
What China Has To Look Forward To When It Opens In A Few Hours
Submitted by Tyler Durden on 01/07/2016 - 19:38
It's all up to China tonight.
"We Came, We Saw, He Died" – Revisiting The Incredible Disaster That Is Libya
Submitted by Tyler Durden on 01/07/2016 - 19:30
"In retrospect, Obama’s intervention in Libya was an abject failure, judged even by its own standards. Libya has not only failed to evolve into a democracy; it has devolved into a failed state...As bad as Libya’s human rights situation was under Qaddafi, it has gotten worse since NATO ousted him."
Slovak PM Closes The Door To Refugees: "We Don't Want What Happened In Germany To Happen Here"
Submitted by Tyler Durden on 01/07/2016 - 18:58
Fico said Thursday his government sees what he calls a "clear link" between the waves of refugees and the Paris attacks and the sexual assaults and robberies during the New Year's Eve festivities in Germany. He says: "We don't want what happened in Germany to happen here." Fico says "the idea of multicultural Europe has failed" and that "the migrants cannot be integrated, it's simply impossible."
Why The U.S. Can't Be Called A "Swing Producer"
Submitted by Tyler Durden on 01/07/2016 - 18:30
Daniel Yergin and other experts say that U.S. tight oil is the swing oil producer of the world. They are wrong. It is preposterous to say that the world’s largest oil importer is also its swing producer. There are two types of oil producers in the world: those who have the will and the means to affect market prices, and those who react to them. In other words, the swing producer and everyone else.
For Commodities, This Is The Next Great Depression
Submitted by Tyler Durden on 01/07/2016 - 18:05
While the "sell in 1973, and go away" plan had worked out for some in the commodity space, the destruction of the last decade has only one historical comparison... the middle of The Great Depression.
Perfect Storm!?
Submitted by Tyler Durden on 01/07/2016 - 17:20
One of the (many) fascinating things about this latest global financial crisis is that there’s no single catalyst. Unlike 2008 when the carnage could be traced back to US subprime housing, or 2000 when tech stocks crashed and pulled down everything else, this time around a whole bunch of seemingly-unrelated things are unraveling all at once.
