Archive - Jun 16, 2015
Knife Regulation Arrives: This Is The US Government, Hard At Work
Submitted by Tyler Durden on 06/16/2015 22:22 -0500S. 1315 would allow people to possess knives in states where they are illegal if the person is travelling to and from states where the knife is legal, if the knife is secured, or if the knife is a safety blade designed for cutting seatbelts. Based on information provided by the Department of Justice and the Federal Trade Commission, CBO estimates that implementing S. 1315 would have no effect on the federal budget. Because enacting S. 1315 would not affect direct spending or revenues, pay-as-you-go procedures do not apply.
The Two Contending Visions Of World Government
Submitted by Tyler Durden on 06/16/2015 21:30 -0500- Afghanistan
- Barack Obama
- Bernie Sanders
- Caspian Sea
- Consumer protection
- Corruption
- Elizabeth Warren
- European Union
- Federal Reserve
- Ford
- Global Warming
- Japan
- Joe Biden
- Kazakhstan
- Michigan
- Mortgage Backed Securities
- national security
- None
- Obamacare
- President Obama
- Prudential
- Saudi Arabia
- Timothy Geithner
- Treasury Department
- Turkey
- White House
- World Trade
U.S. President Barack Obama’s proposed ‘Trade’ deals are actually about whether the world is heading toward a dictatorial world government - a dictatorship by the hundred or so global super-rich who hold the controlling blocks of stock in the world’s largest international corporations - or else toward a democratic world government - which will be a global federation of free and independent states, much like the United States was at its founding, but global in extent. These are two opposite visions of world government; and Obama is clearly on the side of fascism, an international mega-corporate dictatorship... What’s at stake here is nothing less than whether the future of the United States, and perhaps even of the world, will be democracy, or else fascism.
How To Find What Country A Euro Note Is From
Submitted by Tyler Durden on 06/16/2015 21:01 -0500German notes begin with an X, while Greek notes start with a Y. Spain is V, France U, Ireland T, Portugal M and Italy S. Belgium is Z, Cyprus G, Luxembourg 1, Malta F, Netherlands P, Austria N, Slovenia H, Slovakia E and Finland L.
What Happened The Last Time The Fed's Balance Sheet Hit 25% Of GDP
Submitted by Tyler Durden on 06/16/2015 20:46 -0500From the first rate hike by a Fed whose balance sheet as a % of GDP was nearly identical to the current one, to the start of World War II: less than three years.
"Horrified" Syriza Hardliners Back "Immediate" Greek Bank Nationalization, Euro Exit
Submitted by Tyler Durden on 06/16/2015 20:31 -0500Caught between a recalcitrant Left Platform and exasperated creditors, Greek PM Alexis Tsipras must decide how he wants history to remember his tenure as Prime Minister. Either he will be the leader who allowed Greece to crash out of the euro on its way to a redomination-driven economic collapse, or he will go down as the fiery advocate for change who caved under pressure and allowed the troika to stamp out democracy in the place where it was born.
Prisons Without Walls: We're All Inmates In The American Police State
Submitted by Tyler Durden on 06/16/2015 20:30 -0500“It is perfectly possible for a man to be out of prison and yet not free - to be under no physical constraint and yet be a psychological captive, compelled to think, feel and act as the representatives of the national state, or of some private interest within the nation wants him to think, feel and act... To him the walls of his prison are invisible and he believes himself to be free.” - Aldous Huxley,
Chinese Corporations Become Stock Speculators, Joining Housewives, Banana Vendors
Submitted by Tyler Durden on 06/16/2015 20:00 -0500"Chinese companies are finding stock investing an attractive option as the wider economy struggles with tepid demand, excess industrial capacity, persistently high borrowing costs and other troubles. Their interest poses a challenge for policy makers, who want to nurture markets companies can tap for investment capital, rather than creating a venue for speculation," WSJ reports.
"Lehman Weekend" Looms For Greece As Europe Readies "Emergency" Sunday Meeting
Submitted by Tyler Durden on 06/16/2015 19:52 -0500European leaders may convene an emergency summit this Sunday to decide Greece's fate as Varoufakis says no new proposal from Athens will be tabled at Thursday's meeting of EU finance ministers. With capital controls now imminent, and with Greece reportedly set to delay a June 30 IMF payment, a "Lehman Weekend" looms.
JPM's Walk Through What Greek Capital Controls Would Look Like
Submitted by Tyler Durden on 06/16/2015 19:45 -0500"One particularly ugly scenario would be if the Greek authorities resist the imposition of capital controls, claim that restrictions on bank access to liquidity have been unjustly imposed, and then seek to use the antipathy that creates among the Greek population to begin to argue toward an exit from the euro. This is a scenario we have accorded a low probability to, on the grounds that it is not clear that the Greek population would follow the script and regard the situation as primarily the responsibility of the rest of the region. But the increasingly hot rhetoric has us more concerned about this than we have been hitherto."
We Might As Well Face It – America Is Addicted To Debt
Submitted by Tyler Durden on 06/16/2015 19:30 -0500Anyone that believes that this is “sustainable” in any way, shape or form is crazy. We have accumulated the greatest mountain of debt that the world has ever seen, and yet despite all of the warnings we just continue to race forward into financial oblivion. There is no possible way that this is going to end well.
Chinese Iron Ore, Steel Prices Collapse Despite Government Stimulus
Submitted by Tyler Durden on 06/16/2015 19:00 -0500A funny thing happened in the last year since China gave up on its hard-line reforms and folded back to stimulate by all means necessary... the financial economy soared and the real economy sunk. Iron Ore prices are near record lows and Rebar prices are at record lows as stocks spike.. and this should be no surprise since we were told by a rural Chinese chap recently that "making money in stocks is a lot easier than farmwork" or construction or real world activity.
There Is One Problem With Europe's So-Called Austerity
Submitted by Tyler Durden on 06/16/2015 18:46 -0500The one most recurring laments coming out of peripheral European countries which boast near record youth unemployment, in most cases around the 50% area, is that the only reason why there is no growth is due to "evil austerity", imposed upon them by Germany and other frugal Northern Europe overseerers, who do not permit the rampant issuance of debt to fund domestic spending and fiscual stimulus programs. There is one problem with that: the peripheral European countries are not only issuing debt at a pace that is greater than the "pre-austerity" period, but these nations' debt to GDP ratios have never been higher!
What's The Real Unemployment Rate In The US?
Submitted by Tyler Durden on 06/16/2015 18:45 -0500Officially, the unemployment rate in the U.S. is 5.6%, meaning 5.6% of the work force is temporarily out of a job and actively seeking another one. But these do not feel like good times for most households, despite the low unemployment rate. By our reckoning, roughly 60% of the civilian work force is fully employed and 40% are marginally employed or unemployed.
The Warren Buffett Economy, Part 5: Why Its Days Are Numbered
Submitted by Tyler Durden on 06/16/2015 18:30 -0500Today’s style of heavy-handed monetary central planning destroys capitalist prosperity. Real capitalism cannot thrive unless inventive and enterprenurial genius is rewarded with outsized fortunes. Warren Buffett’s $73 billion net worth, and numerous like and similar financial gambling fortunes that have arisen since 1987, are not due to genius; they are owing to adept surfing on the $50 trillion bubble that has been generated by the central bank Keynesianism of Alan Greenspan and his successors.
"We're Not All Equal When It Comes To Water" - Rich Californians Blast Conservation Efforts
Submitted by Tyler Durden on 06/16/2015 18:00 -0500"People should not be forced to golf on brown courses..."
"What are we supposed to do, just have dirt around our house?!"


