Archive - Nov 5, 2015

If Americans Only Knew ...

With oil exports to Europe having slipped from 13% of Saudi's total to just 10% in the last six months, The FT reports, the de facto leader of OPEC has slashed its Official Selling Price (OSP) to Europe in an effort to regain market share. Saudi lowered its OSP for its Arab light crude grade in Europe by $1.30 a barrel for December, taking its discount to the weighted average of the North Sea Brent benchmark to $4.75 a barrel - the largest discount since February 2009... directly going after Russia's customer base.

On the heels of yesterday's news that an Illinois cop staged his own suicide after being caught stealing money from a kid's fund, today's news is just pouring more fuel on the fire of public faith in America's police force. Late last month, an Arkansas police officer sparked a manhunt and investigation after claiming a motorist shot him during a traffic stop. In reality, the officer shot himself, and once authorities discovered this, he was subsequently fired and arrested for filing a false police report.

There were a few different stories coming out over the last few days that reveal the true nature of government and the apparatchiks who use disinformation, devious machinations, fraudulent accounting, and taxpayer money to cover up their criminality, lies, and the true state of the American economy. The use of government accounting tricks to obscure the truth about our dire financial straits is designed to keep the masses sedated and confused.

Just as one US carrier was leaving the middle east, another widely feared and respected geopolitical superpower was set to replace US carrier presence in the Middle East in the ongoing war against "ISIS" - France.

AAII Bears have tumbled to their lowest level since February, crashing from cycle highs. All it took was a 5-week, short-squeezing, face-ripping 13% surge of the late-September lows.

Collapse begins when real reform becomes impossible.

“TR’s motto was to speak softly but carry a big stick, but the ‘speak softly’ means talk to other people, see what we can do to reach agreement.”

US equity markets have fallen this morning, extending yesterday's losses after the ubiquitous morning ramp. This has driven stocks down to unchanged from the close of last week's "hawkish" FOMC day...

Bitcoin is an easy way for people to swap out of yuan. Goldman Sachs analysts estimated earlier this year that 80% of bitcoin volume is exchanged in and out of the Chinese yuan. Once converted to bitcoin, the owners can then swap back into other fiat currencies and indeed physical gold.

Aa new allegation has emerged in addition to the value of STRP's questionable spectrum valuation: namely fraud, as we read in a report by another "short-focused" research entity, Sinclair Upton Research, whose work we have profiled on numerous occasions in the past. It says "There is overwhelming evidence that the vast majority of Straight Path Communications' ("Straight Path") 39 GHz spectrum licenses' Required Notification of Construction/Coverage Applications were obtained under fraudulent misrepresentation, because the systems were never built on the sites as specified in the filings."

Overnight, the SNB which unlike the Fed and the other "serious" central bank hedge funds, released a 13-F updating on its latest stock portfolio. We learned that in the quarter in which AAPL stock tumbled to $92 during the August 24 ETFlash crash, the Swiss money printing authority which reported a record $20 billion loss in the second quarter, and a record $52 billion in the first half, added another 909,000 AAPL shares, bringing its new grand total to 10.3 million shares,

US equities are surging, talking heads are exuberant, and China's fixed - so why are Americans so miserable? Bloomberg's Consumer Comfort index plunged the most since February in the last week, near 2015 lows as it appears The Fed is rapidly realizing "you can fool all the people some of the time, but you cannot fool all the people all the time." It appears the cohort that 'gave up' the most in the past week was 'black' Americans, whose comfort plunged below 'white' Americans for the first time in over a month.