• GoldCore
    05/25/2015 - 09:19
    China launches international gold fund with over 60 countries as members. The large fund, which expects to raise 100 billion yuan or $16 billion, will develop gold mining projects across the economic...

Tyler Durden's picture

Chinese State Paper Warns "War Will Be Inevitable" Unless U.S. Stops Meddling In Territorial Dispute

Just to confirm that if the US had hoped it could threaten Beijing into submission and force the Politburo into curbing its expanionist appetit, it was dead wrong, the nationalist Global Times, a paper owned by the ruling Communist Party’s official newspaper, the People’s Daily, said in a Monday editorial that war was “inevitable” between China and the United States unless Washington stopped demanding Beijing halt the building of artificial islands in the disputed waterway.



Tyler Durden's picture

What Exactly Is Going On At Lake Mead?

Following our exposure of the plunge in Lake Mead water levels post Friday's earthquake, officials were quick to point out that the drop was "due to erroneous meter readings" - which in itself is odd given we have not seen such an aberration before in the measurements. The data today shows a super surge in the Lake Mead water level - which, even more mysteriously, indicates from pre-earthquake to now, the Lake has risen by the most in a 3-day-period in years (as long as we have found history). How was this level 'manufactured' you ask? Simple - discharge flows from the Hoover Dam were curtailed dramatically. We are sure there is a simple explanation for all this...



Tyler Durden's picture

Inflation Watch: Prices To "The Happiest Place On Earth" Are Up 2900% Since 1971

Having previously shown that money can buy happiness, it appears, as Bloomberg reports, that the cost of buying that happiness is soaring. With well-managed government-provided statistics on inflation, why would one look elsewhere for clues as to the declining standards of living across much of America... but look we did and with wages stagnant, the 2900% surge in prices to Disneyland since 1971 makes 'the happeist place on earth' a place only the wealthy can afford to visit.



Tyler Durden's picture

ISIS Planning US Nuclear Attack In Next 12 Months: Report

Three weeks after the first supposed attack by Islamic State supporters in the US, in which two ISIS "soldiers" wounded a security guard before they were killed in Garland, Texas, the time has come to raise the fear stakes. In an article posted in the terrorist group's English-language online magazine Dabiq (which as can be see below seems to have gotten its design cues straight from Madison Avenue and is just missing glossy pages filled with 'scratch and sniff' perfume ads ) ISIS claimed that it has enough money to buy a nuclear weapon from Pakistan and "carry out an attack inside the United States next year."



Tyler Durden's picture

The Case For Nationalizing Monsanto

Ridding the world of Monsanto via a state buy-out would be a boon to humanity, and doing so for a mere $57 billion would be a bargain - especially when you consider the $3 trillion the state has squandered on endless wars of choice and the trillions of dollars the Federal Reserve and the government have squandered propping up the self-serving, parasitic cartel of too big to jail banks.



Tyler Durden's picture

Greece's Problem

Everything is better (and fixed) once you can print...



Tyler Durden's picture

Israel Refuses To Pay Old Oil Debt To Iran

Israel is refusing to comply with an order by a Swiss court that it pay $1.1 billion that it has owed to Tehran since before Iran’s 1979 Islamic revolution for its share of a jointly owned oil pipeline. “Without referring to the matter at hand, we’ll note that according to the Trading with the Enemy Act it is forbidden to transfer money to the enemy, including the Iranian national oil company,” the Israeli Finance Ministry said in a statement.



Tyler Durden's picture

US Accuses Iraq Army Of Cowardice, Says "More Firepower Support" Needed Against ISIS

“The Iraqi forces just showed no will to fight. They were not outnumbered. In fact they vastly outnumbered the opposing force and yet they failed to fight and withdrew from the site...We can give them training, we can give them equipment. We obviously can’t give them the will to fight.”



Tyler Durden's picture

Kunstler: There Are Only 2 Choices For The Masses - "Doomer" Or "Wisher"

"These are the only choices for the masses: whether to be a “doomer” or a “wisher.” Both positions are cartoon world-views that don’t provide much guidance for continuing the project of civilization, in case anyone is actually interested in that. It’s either rampaging id or the illusion of supernatural control, take your pick. I find both stances revolting."



Tyler Durden's picture

ECB's Bizarro QE Taper May Add To Summer Bond Market Volatility, Citi Says

"If, as the ECB's Coeuré said, you are concerned about the rapidity of the market moves, it seems odd, in our view, to give everyone an incentive to get longer today only to sell again tomorrow."



Tyler Durden's picture

Chinese IPO 826 Times Oversubscribed



Tyler Durden's picture

Did Someone Forget To Tell The Machines The US Is Shut Today?

"Unrigged"...



Tyler Durden's picture

Mario Draghi's Slippery Downward Slope

There has to be a very clear line between central banks and governments. The latter should never be able to influence the former, because it would risk making economic policy serve only short term interests (until the next election). Likewise the former should stay out of the latter’s decisions, because that would tend to make political processes skewed disproportionally towards finance and the economy, at the potential cost of other interests in a society. This may sound idealistic and out of sync with the present day reality, but if it does, that does not bode well. It’s dangerous to play fast and loose with the founding principles of individual countries, and perhaps even more with those of unions of sovereign nations.



Tyler Durden's picture

China Stocks Surge, Europe/US Purge, & Portuguese Bonds Are Crashing

Between escalating Grexit concerns and Podemos 'victory' in Spain, European bond and stock markets shuddered somewhat today. EURUSD continues to close lower - back below 1.1000. All major bourses across Europe are in the red with Greece and Spain worst (ASE -3%) but the most notable shift is a collapse in Poruguese bonds. Illiquidity has always been an issue for PORTUG bonds but today's near 4 point collapse in 10Y bond prices (and 48bps spike in spreads) is dramatic to say the least. Bond yields and spreads are now higher than before Draghi announced Q€ in January and dramatically higher since bond-buying began. If EU leaders proclaim they can see no contagion from Greece, show them these charts. Finally, despite cash markets being closed, US equity futures also suffered (despite an exuberant BTFD rip higher in China overnight).

 



Tyler Durden's picture

Ron Paul Rages: Janet Yellen is Right, She Can’t Predict The Future

Some say that eliminating the welfare-warfare state and the fiat currency system that props it up will cause the people pain. The truth is the only people who will feel any long-term pain from returning to limited, constitutional government are the special interests that profit from the current system. A return to a true free-market economy will greatly improve the lives of the vast majority of Americans.



Do NOT follow this link or you will be banned from the site!