Archive - Sep 9, 2015

Tyler Durden's picture

Something Just Snapped At The Comex (Updated)





As of Friday the comex gold "coverage" or amount of paper claims on every ounce of physical, was literally off the chart, soaring to a mindblowing 207 ounces of paper gold claims for every ounce of deliverable gold. This also means that the dilution ratio between physical gold and paper gold has hit a new all-time low of just 0.48%!

 

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Economic Crisis: How You Can Prepare Over The Next Six Months





We wouldn’t say that it is “never too late” to prepare for potential disaster because, obviously, the numerous economic and social catastrophes of the past have proven otherwise. There simply comes a point in time in which the ignorant and presumptive are indeed officially screwed. We will say that we have not quite come to that point yet here in the U.S., but the window of opportunity for preparation is growing very narrow.

 

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AsiaPac Stocks, FX Tumble As China Devalues Yuan Most In 4 Weeks, Sees "No Need For Massive Economic Stimulus"





Losses from the US session extended following comments in one of the government's official mouthpieces that "China doesn't need massive stimulus." A BoNZ rate cut (blaming China's devaluation) sent Kiwi tumbling, Ringgit hit a fresh 17 year low against the USD, Japanese stocks collapsed over 650 points so far, and Chinese stocks are opening notably lower. Volume remains de minimus (99% below average) in Chinese futures trading as China devalues the Yuan by the most since Aug 13 and injects another 80 billion Yuan liquidity.

 

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Is This The End Of The Idea Of America?





Politicians learned long ago that it's easier to just import non-Americanized voters to vote for you, than, as FutureMoneyTrends notes, to get naturalized citizens who still cherish the idea of America to vote for things like national healthcare systems, higher taxes on business owners, and the catering to every little tribal group that declares themselves a minority. As SHTFPLan's Mac Slavo concludes, with Europe’s immigrant crisis coming to a head and similar events having played out in the United States last summer, it should be clear that what’s happening is an orchestrated detonation of First World nations.

 

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Will China Invade Alaska, Canada? Will Russia?





Five Chinese navy ships are currently operating in the Bering Sea off the coast of Alaska, the Wall Street Journal reported Wednesday, marking the first time the U.S. military has seen them in the area. Why the sudden interest? Because the Chinese have been studying the cycles. From generational theorists William Strauss and Neil Howe, they have learned that political/cultural cycles last only 65 years, and then they collapse, cycles first observed by Taoist monks and Roman philosophers. And China is exactly 66 years advanced since the Chinese Communist Revolution of 1949. In terms of generational cycles, China is on the eve of destruction. (In terms of the Strauss/Howe theory, so are we.)

 

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"Where Is Everyone Going?" Presenting Goldman's Immigration Flow Chart





As discussed here on Tuesday evening, people flows (i.e. immigration and migration) are grabbing international headlines these days thanks in large part to i) the massive influx of asylum seekers entering Western Europe from war-torn Syria, and ii) GOP frontrunner Donald Trump’s outspoken position on illegal immigration in the US. With that in mind, we present Goldman's new flowchart which shows "where everybody is going." 

 

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Guest Post: So You Really Want To Make "Syrian Refugees" An Election Issue?





“Sooner or later, everyone sits down to a banquet of consequences..." – Robert Louis Stephenson

So if you really want to make “refugees” the election issue “du jour”, one can waste a lot of time watching the mainstream incumbent parties bicker over the “right” number of refugees to allow into Canada or how much taxpayer money to throw at aid, or even whether more Canadian “boots on the ground” should be headed over there on various “peace keeping” escapades... or, you could ask the really hard hitting questions...

 

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David Stockman Sums It All Up In 3 Minutes





Stockman unleashes truthiness hell on Bloomberg TV: "Federal Reserve [actions] will have disastrous long-term consequences... when you deny price-discovery in the market for so long, it is a massive subsidy to speculation... In an era of peak debt, the only thing zero interest rates achieve is create an enormous incentive for Wall Street to gamble more and more recklessly..."

 

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Guess Who Was Buying Stocks (Again)?





Corporate buybacks, based on BofAML's client flows, are at the highest four-week-average level in 18 months as the irrationally non-economic buyers of last resort pile in to tumbling prices to maintain their CFO's and CEO's year-end performance bonuses. While hope remains that this pick-up will continue, the demise of the corporate credit market suggests the last greater fool just entered the market...

 

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Russia Sends More Tank Landing Ships, Military Aircraft To Syria





Now that Europe's migrant crisis is making international headlines on a nightly basis, France and Britain are set to use the influx of aslylum seekers as a pretext for airstrikes in Syria. The timing could not be more convenient as new "intelligence" suggests that Russia is expanding its presence in the Assad stronghold around Latakia. For its part, Germany is out warning the Kremlin against "military engagement."

 

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Brazil Cut To Junk By S&P, ETF Falls 5% Post-Mkt





Brazil, whose economy officially slid into recession in Q2 - a quarter during which Brazilians suffered through the worst inflation-growth outcome (i.e. stagflation) in over a decade - and whose efforts to plug a yawning budget gap are complicated by political infighting and a growing public outcry against embattled President Dilma Rousseff, has been cut to junk by S&P.

 

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Czech Politician Has "Solution" For Refugee Crisis - Concentration Camps





Following Hungarian cameramen kicking 10-year-old girl refugees, and Czech police hauling immigrants of trains and writing numbers on their arms, it appears the horrors of the past are quickly forgotten when it comes to 'solutions' for the present. As The Jerusalem Post reports, the leader of the Czech 'nationalist' National Democracy Party, has called for refugees to be placed in Terezin - a former Nazi concentration camp - "Why build tent camps for the aliens? We have the beautiful fortress town of Terezin where the aliens could concentrate before they are taken home by trains." Police are investigating whether his comments constitute a criminal act and Czech Jewish leaders have refused to comment on the incident.

 

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In Ironic Twist, Stock Crash Leads To First CNBC Ratings Increase In Years





Ironic, because it is precisely CNBC's constant cheerleading of what little viewers it had left that pushed the market to such nosebleed levels that on August 24 it suffered its second flash crash in just five years. It is even more ironic, because instead of a rational, objective coverage of the newsflow, the constant stream of cherry-picked, double seasonally adjusted good news is precisely why viewers had left the Comcast cable station in droves realizing the disconnect between the economy and stocks is simply too gargantuan to stomach, and that they are being lied to.  As a result, it wasn't until the much dreaded market crash that viewers finally came back. At least some of them.

 

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