Why Elites Are Winning The War On Cash

"The real burden of the war on cash falls on honest citizens who are made vulnerable to wealth confiscation through negative interest rates, loss of privacy, account freezes and limits on cash withdrawals or transfers."

Jim Quinn Rages At "Functional Illiterates Trying To Erase History"

"This Confederate monument narrative is designed by the left to provoke a backlash from whites who are tired of being scorned, ridiculed, belittled and called racists, rednecks and deplorables by so called open minded progressives. It’s working. The cold race war is beginning to turn hot. The mood of the country will continue to darken. That’s how Fourth Turnings roll. "

Two Stunning Facts About Last Week's VIX Explosion

While the events from last Thursday's volatility explosion may now seem like a distant memory, here are two stunning facts about last week's VIX explosion, and this week's subsequent vol collapse.

Watch Live: White House Holds On-Camera Briefing

In light of the fact that it's been a rough day for the Trump administration, this routine briefing could escalate rather quickly as reporters are probably brimming with questions about the ongoing controversy about Trump's response to the violence in Charlottesville Va. this weekend.

Venezuelans Face 25 Years In Prison For "Hate Or Intolerance"

In a harbinger of what - for various reasons - may be coming to the US, Venezuela's brand new "all-powerful" constituent assembly is set to pass a bill that will jail anyone who expresses "hate or intolerance" for up to 25 years, a measure which the local opposition - and everyone else - is certain will be used by Maduro's regime to silence and punish all dissent.

Iran's Supreme Leader Mocks Trump In Tweet About Charlottesville

This is rich coming from a guy who referred to Israel as a "cancerous tumor of a state" that should be "annihilated" and constantly subjects female activists to prison time and "lashings" for having the audacity to speak out about gender bias, an action which Khamenei says only serves to "corrupt the role of women in society."

FOMC Minutes Signal Balance Sheet Normalization Begins In September, Most Saw Inflation Pick Up

Since the July 26th 'nothingburger' FOMC statement, Nasdaq is down but bonds and bullion are higher as domestic politics and global war have trumped monetary machinations. All eyes in today's Minutes will be on any mention of inflation and the balance sheet. The Fed sees inflation "picking up over the next couple years" but this came before last week's dismal CPI/PPI data (and they noted "downside risks"), and confirmed that they will make a balance sheet move "at upcoming meeting."