• GoldCore
    08/04/2015 - 06:08
    The headlines are dramatic, ugly and depressing to anyone who holds gold right now. Broad market sentiment has shifted from disdain and dismissive to highly negative. Hedge funds are shorting gold...

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Osama bin Laden Sister, Stepmother Killed In Private Jet Crash

We didn't think much yesterday morning when we read reports that a 2010 Embraer Phenom 300 private jet, with a Saudi Registration HZ-IBN, crashed at a car auction site in Hampshire. Just like one year ago, the reason for the importance of the crash was made apparent only hours later.  Shortly after the crash, reports in UK media outlets, including the Daily Mail and Mirror, alleged that the $11 million jet was owned by Jeddah-based Salem Aviation, a company named after Osama bin Laden’s elder cousin, who himself was an amateur pilot and died in a plane crash. Among the other casualties: Osama bin Laden's sister and stepmother.



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"There's A Bubble In Pessimism Worldwide, Come On, You Read Zero Hedge!"

When all of your arguments have been crushed with brutal determination, what better way to prove you have no idea what you are talking about than to name drop this website, and start laughing hysterically.



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Economics 101: Wal-Mart Hikes Minimum Wages, Prepares To Fire 1000

"Please remember, these people are our neighbors and friends. You have a skill that will be very much in need when this goes down. You are experts in the job market and you know what it takes to get hired. This is a time for us to step up and do what we can to help."



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Paying In A Broken World

It does not matter what you hold your savings in only that it will retain value when conventional paper currencies become a despised possession. When that happens you need the ability to buy the things you need with what you physically have on hand. The question you must answer is what will you have on hand when that day comes.



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The World Map Of Hubris & Humiliation

The journey from hubris to humiliation in EM has taken roughly 5 years. As BofAML notes, despite muted asset returns, 2015 has seen the emergence of two big trends: the risk of a bubble in US health care & technology; and the crash in EM/Resources/Commodities. The two trends are best exemplified by the "Map of Hubris & Humiliation" which shows among other things that the market cap of MSCI Russia is currently equivalent to Intel’s, while the market cap of Netflix equals that of MSCI Chile.



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Ron Paul: "All Wars Are Paid For Through Debasing The Currency"

"...seen from the proper angle, the dollar is revealed to be a paper thin instrument of warfare, a ripple effect on the people, a twisted illusion, a weaponized money now engaged in a covert economic warfare that threatens their very livelihood."



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Goldman Warns "The Global Economy Is Going Round In (Smaller & Smaller) Circles"

Amid the collapse in commodities, crashing Chinese stocks, the weakest US wage growth in US history, and a data-dependent Fed; Goldman Sachs fears the new normal is 'shorter-and-faster' business cycles with no persistence primed by monetary policies. Most wprryingly, they conclude, will short business cycles beget shorter business cycles?



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The IMF Experts Flunk, Again

The IMF failures in Greece bring back vivid memories of the Asian Financial Crisis of 1997-98... As the Indonesian episode should teach us, the IMF’s management can be very political and often neither trustworthy nor competent. Greece offers yet another chapter.



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Al-Qaeda Attacks CIA-Trained Syrian "Freedom Fighters"; Commander Captured

"We warn soldiers of (Division 30) against proceeding in the American project. We, and the Sunni people in Syria, will not allow their sacrifices to be offered on a golden platter to the American side."



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Bernie, The Koch Brothers, & Open Borders

Presidential hopeful Bernie Sanders recently raised the ire of both progressives and libertarians with his remarks concerning immigration. In just a few sentences, Sanders manages to demonstrate a hodgepodge of nativist, nationalist, protectionist, and socialist sentiments. But for anyone wondering why he wandered off the progressive narrative on immigration, it’s because protectionist labor unions pay him better than, say, La Raza.



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Should It Be A Crime To Shoot Down A Drone Over Your Property?

A Hillview man has been arrested after he shot down a drone flying over his property - but he's not making any apologies for it. "I just think you should have privacy in your own backyard," said William Merideth, 47, "I went and got my shotgun and I said, "I'm not going to do anything unless it's directly over my property."" That moment soon arrived, "within a minute or so, here it came... it was hovering over top of my property, and I shot it out of the sky." Merideth was arrested and charged with first degree criminal mischief and first degree wanton endangerment...



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Congress Passes Bill In 15 Minutes To Revoke Americans' Passports Without Due Process

The “war on terror” is a status quo fraud perpetuated by the oligarch-controlled mainstream media and authoritarian members of Congress as a way to systematically strip the American public of its freedom and civil rights in the name of fighting an outside enemy. This tried and true tactic has been used by statists throughout history, and history is indeed repeating itself here in the “land of the free.”



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"We Want The Names Of Anyone Who Sold" - China's Market Witch Hunt Enters Twilight Zone

Having claimed 'foreign interests' were "waging an economic war" against China, it was ironic that the most outspoken of Chinese SOEs is now under investigation for 'selling' shares when it was told not to. As Reuters reports, China is extending its dragnet for "malicious sellers" to Hong Kong and Singapore as the witchhunt blame-mongery continues, Rather ominously, the China Securities Regulatory Commission (CSRC) has demanded trading records to try to identify those with net short positions who would profit in case of further falls in China-listed shares, three sources at Chinese brokerages and two at foreign financial institutions said. Even more incredibly, as Bloomberg reports, despite total ignorance by US regulators, China is 'daring' to crackdown on market manipulation via 'spoofing'.



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5 Things To Ponder: Mentally Conflicted

The disconnect between economic underpinnings, market internals and "bullish" investor optimism leaves many investors/advisors "mentally conflicted." If they "sell" too soon, they might miss a further advance in the market. But if they wait too long, well, they have lived through that scenario previously. This week's reading list is a smattering of conflicting views about the markets and the economy.



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