Archive - Story
January 6th
Here We Go Again: China Halts Trading For The Entire Day After Another 7% Crash
Submitted by Tyler Durden on 01/06/2016 23:55 -0500TransCanada Sues Obama Administration; Says Keystone Pipeline Rejection Was Unconstitutional
Submitted by Tyler Durden on 01/06/2016 23:01 -0500Obama's Keystone pipeline rejection "mission accomplished" banner has just led to a big slap on the face of the former constitutional expert, and could carry a multi-billion dollar chage after late this afternoon, TransCanada filed a lawsuit in Federal court in Houston, suing the U.S. government and claiming the Obama acted unconstitutionally when he rejected the Keystone XL, while also seeking $15 billion alleging the pipeline denial was "arbitrary and unjustified."
Eyewitness Account Of The "Monstrous" Migrant Attacks In Germany: "It's Like Civil War"
Submitted by Tyler Durden on 01/06/2016 22:51 -0500"These people that we welcomed just three months ago with teddy bears and water bottles ... started shooting at the cathedral dome and started shooting at police. Well seasoned police officers then confessed to me that they never saw something like this in their entire lives."
Paul Craig Roberts: The Rule Of Law No Longer Exists In Western Civilization
Submitted by Tyler Durden on 01/06/2016 22:25 -0500American justice is a joke. It does not exist. The USA is a lawless country. By that we do not mean what conservative Republicans mean, which is, if we understand them, that racial minorities violate law with something close to impunity. What we mean is that only the mega-banks and the One Percent have legal protection, and that is because these people control the government. For everyone else law is a weapon in the hands of the government to be used against the American people.
Cologne Mayor Slammed For Telling German Women It Is Their Responsibility To Keep Rapists At "Arm's Length"
Submitted by Tyler Durden on 01/06/2016 21:50 -0500“There’s always the possibility of keeping a certain distance of more than an arm’s length – that is to say to make sure yourself you don’t look to be too close to people who are not known to you, and to whom you don’t have a trusting relationship. We need to explain to people from other cultures that the jolly and frisky attitude during our Carnival is not a sign of sexual openness."
Enough Already! It's Time To Send The Despicable House Of Saud To The Dustbin Of History
Submitted by Tyler Durden on 01/06/2016 21:15 -0500For more than four decades Washington’s middle eastern policy has been dead wrong and increasingly counter-productive and destructive. Washington’s Mideast policy is predicated on the assumption that the answer to high oil prices and energy security is deployment of the Fifth Fleet to the Persian Gulf. And that an associated alliance with one of the most corrupt, despotic, avaricious and benighted tyrannies in the modern world is the lynch pin to regional stability and US national security. Nothing could be further from the truth. The House of Saud is a scourge on mankind that would have been eliminated decades ago, save for Imperial Washington’s deplorable coddling and massive transfer of arms and political support.
Options Traders See Yuan Collapse Continuing In "Dangerous Situation For Policy-Makers"
Submitted by Tyler Durden on 01/06/2016 20:40 -0500Surely, The PBOC will step in at some point and save the collapsing currency? Nope - not if options traders (and Kyle Bass) are to be believed. The odds of the yuan breaking beyond 7 to the greenback by the end of March more than doubled to 12% (from 5.8% at the start of December). Ironically, Bloomberg reports only 1 of 39 analyst predicts Yuan to trade beyond 7 by the end of 2016. The market's extremely strong conviction, and apparent PBOC loss of control is "a dangerous situation for policy-makers" according to one Asian economist.
2016 Theme #3: The Rise Of Independent (Non-State) Crypto-Currencies
Submitted by Tyler Durden on 01/06/2016 20:05 -0500The invention of the blockchain and crypto-currencies such as Bitcoin have opened the door to non-state, non-central-bank currencies - money that is global and independent of any state or central bank, or indeed, any bank. This doesn't just open the possibility of escaping the debt-serfdom of central and private banks - it opens the door to an entire global economy that's free of the inequality and concentration of wealth and power that is the only possible output of central bank created and distributed money.
Gallup Explains Trump: "A Staggering 75% Of Americans Believe In Widespread Government Corruption"
Submitted by Tyler Durden on 01/06/2016 19:32 -0500What explains America's revulsion with the existing system? The answer comes from the latest Gallup article: "Explaining Trump: Widespread Government Corruption" in which it finds that once the silent majority of the population can identify the object of their distrust and anger - in this case Congress and the political status quo - and once they can subsequently identify an object that represents its opposite, the latter object's distance to the Oval Office becomes considerably shorter.
Macy's Massacre: Thousands Fired; Guidance Slashed (Again); Weather Blamed
Submitted by Tyler Durden on 01/06/2016 19:22 -0500Two months after the first "Macy's Massacre", the massacre is back with a vengeance, and moments ago the iconic retailer not only reported yet another cut in its guidance, but also announced it would be laying off another boatload of retailers, demonstrating just how strong the "service" economy truly is.
Brazil's Olympic Stadium Goes Dark Over Unpaid $250,000 Electric Bill
Submitted by Tyler Durden on 01/06/2016 19:10 -0500To be sure, there were already a number of concerns about the upcoming Olympic games in Rio. For instance, last summer we learned that thanks to a lack of sanitation infrastructure, Olympic athletes are almost certain to come into contact with disease-causing viruses in the water. In the latest embarrassment, power to the stadium that will host the Olympic track and field events was cut off after a dispute between the government and a soccer club ended in a $250,000 unpaid utility bill.
ISIS – The Case For Non-Intervention
Submitted by Tyler Durden on 01/06/2016 18:45 -0500We don’t have a dog in this fight. San Bernardino doesn’t change the calculation. ISIS will eventually collapse under its own homicidal and parasitical weight, probably with the help of one or more of its neighbors, whose inactivity and divisiveness we currently underwrite. Then ISIS will be replaced by something better... or worse... it is impossible to know in this region. In the interim, we and our European friends should focus our efforts on isolating ourselves from the madness. And we certainly should not go out of our way to draw further fire.
Sell In 1973, And Go Away
Submitted by Tyler Durden on 01/06/2016 18:20 -0500Returns from being long the commodity super-cycle have evaporated in the last 18 months... to 42 year lows...
Guns Don't Cause Suicide
Submitted by Tyler Durden on 01/06/2016 17:55 -0500Homicide rates in the United States have been declining for 20 years as the number of privately-held guns in the US has increased substantially. In some states, such as New Hampshire and Oregon, which have very weak gun laws, homicide rates are remarkably low, and these states are among the safest places on earth. As homicide rates have declined, however, and gun-related homicides with them, gun-control advocates have attempted to create a new category of "gun violence" by blaming suicides on access to guns.
"We The People Are Pissed": New Poll Finds Whites And Republicans Are Angriest Americans
Submitted by Tyler Durden on 01/06/2016 17:30 -0500"We the people are pissed. The body politic is burning up. And the anger that courses through our headlines and news feeds - about injustice and inequality, about marginalization and disenfranchisement, about what they are doing to us - shows no sign of abating,"


