America Divided: "Summer Of Rage" Accelerates

"Like it or not, America peaked many decades ago... to cover this great theft, the Deep State had divided the American people into a powder-keg expected to unleash in the 'summer of rage'"

How Central Banks Intend To Fight CryptoCurrencies

Last week, Jens Weidmann, President of the Deutsche Bundesbank and Chairman of the Board of Directors of the Bank for International Settlements gave a speech outlining some ideas on how to best address the challenges that cyrptocurrencies pose to central banks.

Americans Are Dying With An Average Of $61,500 In Debt

73% of American consumers had debt when they died, according to an Experian study. Of these, about 68% had credit card balances, followed by mortgage debt (37%), followed by auto loans (25%), personal loans (12%) and student loans (6%). In total, the typical American who passed away with debt to their name carried over $61,554 in debt to the afterlife.

Albert Edwards: "Citizens Will Soon Turn Their Rage Towards Central Bankers"

"In an age of “radical uncertainty” how long will it be before angry citizens tire of blaming an impotent political system for their ills and turn on the main culprits for their poverty – unelected and virtually unaccountable central bankers? I expect central bank independence will be (and should be) the next casualty of the current political turmoil."

Republican Rebellion: 4 GOP Senators Oppose Health Bill

"Currently, for a variety of reasons, we are not ready to vote for this bill, but we are open to negotiation and obtaining more information before it is brought to the floor.  There are provisions in this draft that represent an improvement to our current health care system, but it does not appear this draft as a written will accomplish the most important promise that we made to Americans: to repeal Obamacare and lower their health care costs."

Bed, Bloodbath, & Beyond

Bed, Bath, & Beyond collapsed in after-hours trading to below $30 per share - the lowest since July 2009 - as yet another retailer hits the wall.

Fed "Stress Test" Results Are Out: Everyone Passes Even As VIX Hits 70

Moments ago the Fed released the first phase of its annual stress test which, once again, found that all thirty-four of the US largest banks "passed", exceeding minimum projected capital and leverage ratios under severely adverse scenarios, based on their projected ability to withstand economic shocks

Obama Lashes Out At GOP Healthcare Plan: "This Bill Will Do You Harm"

"Simply put, if there’s a chance you might get sick, get old, or start a family – this bill will do you harm...To put the American people through that pain – while giving billionaires and corporations a massive tax cut in return – that’s tough to fathom."

Israel Deployed 18 Fighter Jets To Saudi Arabia To "Prevent A Coup": Fars

Fars News reports that after the stunning Saudi succession was announced, the Israeli air force sent 18 of its fighter jets, including F16-I, F15-CD and F16-CD, along with two Gulfstream aircraft, two tanker airplanes and two C130 planes, special for electronic warfare, to Saudi Arabia at the demand of the new crown prince bin Salman to prevent a possible coup by his cousin, Mohamed bin Nayef.