Archive - Sep 29, 2015
Paul Craig Roberts: Obama Deifies American Hegemony
Submitted by Tyler Durden on 09/29/2015 21:45 -0500Obama’s speech at The UN made clear that Washington accepts no responsibility for the destruction of the lives and prospects of millions of Muslims. The refugees from Washington’s wars who are overflowing Europe are the fault of Assad, Obama declared. Obama’s claim to represent "international norms" was an assertion of US hegemony, and was recognized as such by the General Assembly. The presidents of Russia, China, and Iran did not accept Washington’s definition of "international norms." The lines are drawn. Unless the American people come to their senses and expel the Washington warmongers, war is our future.
Global 'Wealth' Destruction - World Market Cap Plunges $13 Trillion To 2 Year Lows
Submitted by Tyler Durden on 09/29/2015 21:15 -0500Since the start of June, global equity markets have lost over $13 trillion. World market capitalization has fallen back below $60 trillion for the first time since February 2014 as it appears the world's central planners' print-or-die policy to create wealth (and in some magical thinking - economic growth) has failed - and failed dramatically. To rub more salt in the wounds of monetray policy mumbo-jumbo, despite endless rate cuts and balance sheet expansion around the world, the last 4 months have seen an 18% collapse - the largest since Lehman.
Step Aside Detroit: There Is A New "Worst" City For Housing In The U.S.
Submitted by Tyler Durden on 09/29/2015 20:48 -0500As Case-Shiller clearly shows, Detroit - after staging a brief dead cat bounce in the aftermath of its bankruptcy and since sliding once again - may no longer be the worst city for home prices in the US. It has now been displaced by a city which many speculate will be nothing short of the "next Detroit."
China's Leadership: Brilliant Or Clueless?
Submitted by Tyler Durden on 09/29/2015 20:45 -0500What worked in the post-global financial meltdown era of 2008-2014 will not work the same magic in the next seven years.
Peak Japaganda: Advisers Call For More QE (But Admit Failure Of QE); China's Yuan Hits 3-Week High
Submitted by Tyler Durden on 09/29/2015 20:23 -0500Asian markets are bouncing modestly off a weak US session, buoyed by more unbelievable propaganda from Japan. Abe's proclamations that "deflationary mindset" has been shrugged off was met with calls for more stimulus, more debt monetization, and an admission by Etsuro Honda (Abe's closest adviser) that Japan "is not growing positively" and more QE is required despite trillions of Yen in money-printing having failed miserably, warning that raising taxes to pay for extra budget "would be suicidal." Japanese data was a disaster with factory output unexpectedly dropping 0.5% and retail trade missing. Markets are relatively stable at the open as China margin debt drop sto a 9-month low. PBOC strengthened the Yuan fix for the 3rd day in a row to its strongest in 3 weeks.
Forget Glencore: This Is The Real "Systemic Risk" Among The Commodity Traders
Submitted by Tyler Durden on 09/29/2015 19:43 -0500
Gold: "The More Ridiculous The System Gets, The More Valuable It Becomes"
Submitted by Tyler Durden on 09/29/2015 19:40 -0500This system is pure insanity, as are its prices... it wouldn’t bother us if the price of gold went negative, just like propane in Alberta (after all, we're not trading paper currency for gold, just to trade it back for more paper currency if the 'price' goes up). The idea behind buying gold is to swap paper money for something real. Banks can rig its 'price' all they want; gold’s true value comes from its function as a long-term form of savings and a hedge against a broken financial system. And the more ridiculous the system gets, the more valuable it becomes.
Saudi Prince Calls For Royal Coup
Submitted by Tyler Durden on 09/29/2015 19:05 -0500“The king is not in a stable condition and in reality the son of the king [Mohammed bin Salman] is ruling the kingdom,” the prince said. “So four or possibly five of my uncles will meet soon to discuss the letters. They are making a plan with a lot of nephews and that will open the door. A lot of the second generation is very anxious.”
Carl Icahn Says Market "Way Overpriced", Warns "God Knows Where This Is Going"
Submitted by Tyler Durden on 09/29/2015 19:04 -0500"They don't understand the treacherous path they are going down. God knows where this is going. It's very dangerous and could be disastrous."
The UN Just Unleashed "The Global Goals" - The Elites' Blueprint For A "United World"
Submitted by Tyler Durden on 09/29/2015 18:30 -0500The elite want a one world government, a one world economic system and a one world religion. But they are not going to achieve these things by conquest. Rather, they want everyone to sign up for these new systems willingly. The “global goals” are a template for a united world. To many, the “utopia” that the elite are promising sounds quite promising, many of the "global goals" sound quite good. The key is to look behind the language and understand what is really being said. And what is really being said is that the elite want to take their dream of a one world system to the next level.
Two Very Disturbing Forecasts By A Former Chinese Central Banker
Submitted by Tyler Durden on 09/29/2015 17:53 -0500
Sep 30 - Fed's Mester: US Can Handle Rate Hike This Year
Submitted by Pivotfarm on 09/29/2015 17:52 -0500News That Matters
BofA Issues Dramatic Junk Bond Meltdown Warning: This "Train Wreck Is Accelerating"
Submitted by Tyler Durden on 09/29/2015 17:45 -0500This Is "Getting Really Ugly, Really Fast": Two Thirds Of Recent Graduates Say US College Education Is A Ripoff
Submitted by Tyler Durden on 09/29/2015 17:20 -0500"When you look at recent graduates with student loans it gets really ugly, really fast. If alumni don’t feel they’re getting their money’s worth, we risk this tidal wave of demand for higher education crashing down."
The Stunning "Explanation" An Insurance Company Just Used To Boost Health Premiums By 60%
Submitted by Tyler Durden on 09/29/2015 17:19 -0500"With advances in medical technology, prescription drugs and ways to treat injuries and illnesses, Americans are living healthier lives. [i.e., living longer] Because of these changes, we must adjust your premium to stay in line with increased costs."




