Archive - Dec 8, 2015

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Putin Hopes "There Will Be No Need To Nuke" The Islamic State





"This new, modern, highly efficient, and highly precise weapon can be equipped with both a conventional warhead as well as a special, nuclear warhead.  Naturally, in the fight against terrorism that is not needed and I hope there will be no need [to use nukes against the Islamic State]."

- Vladimir Putin

 

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Behold The Deflationary Wave: How China Is Flooding The World With Its Unwanted Commodities





Between commodity-backed financing deals and the centrally-planned mal-investment boom-driven excess capacity, China has a lot of 'liquidation' to do to normalize from a credit-fueled smoke-and-mirrors world to a painful reality. As Bloomberg notes, there’s no let-up in the onslaught of commodities from China. While the country's total exports are slowing in dollar terms (as we noted last night), shipments of steel, oil products and aluminum are reaching for new highs, flooding the world with unwanted inventories. China's de-glutting is now the rest of the world's problem as the deflationary tsunami grows ever higher. This is not going to end well. Not for anybody. Other than the arms lobby. What it will do is change geopolitics forever, and a lot.

 

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Meet The Peer 2 Peer Lending Website That Funded The San Bernardino Shooters





"Prosper is the market leader in peer-to-peer lending-a popular alternative to traditional loans and investing options. Prosper allows people to invest in each other in a way that is financially and socially rewarding. We cut out the middleman to connect people who need money with those who have money to invest...so everyone prospers!"

 

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Canada Just Warned That Negative Interest Rates Are Coming





Moments ago, the Bank of Canada's chief finally said what we had been patiently waiting for over the past several months: admission that Europe's experiment with negative rates is about to cross the Atlantic.

 

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America's Reckless Fight Against Evil: Six Mistakes On The Road To Perpetual War





Why do we as a nation keep on playing into the same dismal scenario and committing the same mistakes? Why this seemingly irresistible urge to fight yet another war against evil? The longer we fight, the more deeply we are seized by fear. The more we fear, the more fiercely we are determined to fight. Perhaps the point is not to win the war but to remain trapped in this vicious circle, which feels perversely comforting because it offers a sense of unified national identity as nothing else can in our otherwise deeply divided nation.

 

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China Fixes Yuan At Weakest Since August 2011 After 45th Consecutive Month Of Deflation





Chinese Producer Prices have now fallen YoY for 45 consecutive months and November's 5.9% YoY drop is the largest since the crisis in 2009. Following weak trade data overnight (and with The IMF having blessed any and all currency movements), it appears Chinese authorities have decided to do something about and continue the slowest, quietest, stealthiest currency war in the world. With today's Yuan fix, PBOC has weakened the Yuan back below the August devaluation lows, back to its weakest against the USD since August 2011. Judging by Offshore Yuan, there is a lot more weakening to come.

 

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Declassified CIA Manual Shows How US Uses Bureaucracy to Destabilize Governments





When most people think of CIA sabotage, they think of coups, assassinations, proxy wars, armed rebel groups, and even false flags - not strategic stupidity and purposeful bureaucratic ineptitude. However, according to a declassified document from 1944, the Office of Strategic Services (OSS), which later became the CIA, used and trained a curious breed of “citizen-saboteurs” in occupied nations like Norway and France.

 

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"We're At War, Get It Through Your Head", Trump Doubles Down During Combative Follow Up Interviews





12 hours after his dramatic campaign statement to shut out Muslims arrivals into the US, Donald Trump doubled down and in a series of interviews early on Tuesday, he repeatedly told anchors such as CNN's Chris Cuomo that "we're at war - get it through your head" in his latest heated exchange, during which he reminded America how quickly people have forgotten "World Trade Center #1 and World Trade Center #2."

 

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What Happens When Yellen Raises Rates?





"The world's central bankers will print until deflation gives way," warns Mike Maloney, "they have the arrogance to just think they can control it." They can't. With Janet Yellen on the verge of what many believe will be a policy error in the face of overwhelmingly weak data (and global turmoil once again), it’s never been more important to understand the limits of how much 'actual' control the central banks have over the economy. There’s one force moving our economy they can not influence, and Maloney explains it in this brief clip...

 

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Malaysia Is Hunting For Mystery Owner Who Abandoned Three Boeing 747 On Its Airport





One year ago, someone quietly parked their three Boeing 747-200F (which as shown on the image below have no identifiable insignia) at the Kuala Lumpur International Airport in Malaysia and since then has decided - for reasons unknown - to forget all about them.

 

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Blowing Up The Death Star Didn't Destroy The Empire, Building It Did





A closer look at Star Wars economics highlights that any hope for Galactic harmony does not come from the return of the Jedi, but from embracing capitalism. After all, a true market economy would make the construction of a Death Star nearly impossible in the first place.

 

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Something Snaps In China As Bitcoin Takes Out Stops, Soars Higher





At 1815ET, after trading in a very narrow $1 range for hours, Bitcoin suddenly exploded $17 higher on very heavy volume. Normally this wouldn't warrant an explicit mention, but this time... something odd happened in Chinese currency markets...

 

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Is It Time To Make Saudi Arabia Pay For Underwriting International Terrorism?





"For years since 9/11, U.S. and Western officials have mostly looked the other way at all this ideological support for extremism: Saudi oil was just too important to the global economy, even though many of these Saudi petro-dollars were underwriting repression at home and the growth of Salafist fundamentalism abroad."

 
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