A Generational Storm Is Coming

Either you break free from the jackass things your parents have done to you... or you deserve what you get.

"We The People" Need To Circle The Wagons: The Government Is On The Warpath

Have you ever wondered why the Constitution begins with those three words “we the people”? It was intended to be a powerful reminder that everything flows from the citizenry. We the people are the center of the government and the source of its power. That “we” is crucial because it reminds us that there is power and safety in numbers, provided we stand united. We can accomplish nothing alone. Unfortunately, we have been ousted from that protected circle, by the courts, the politicians, and the corporations - replacing us with yes-men, shills who dance to the tune of an elite ruling class. To put it a little more bluntly, stop thinking like mindless government robots and start acting like a powerhouse of citizens vested with the power to say “enough is enough.”

It's Official: The BoJ Has Broken The Japanese Stock Market

Monetizing the entirety of gross government bond issuance and amassing an equity portfolio worth just shy of $100 billion on the way to cornering the entire ETF market may come across as insanely irresponsible even in a world that is now defined by insanely irresponsible central banks, but Haruhiko Kuroda does not care because when it comes to QE and the financing of governments via central bank-assisted ponzi schemes, no one does it like the BoJ.

Collectivists Hate Individuality, Tribalism, And 'Fast And Furious 7'?

If you want to know where social Marxism (collectivism) is headed, this is it: the labeling of individualistic philosophies as dangerous thought crimes and tribal communities as time bombs waiting to explode in the face of the wider global village. They desperately hope to conquer the world by dictating not only national boundaries and civil liberties, but the very moral code by which society and individuals function. They wish to bypass natural law with fear, fear that the collective will find you abhorrent and barbaric if you do not believe exactly as they believe. Individualism will one day be the new misogyny.

China Goes "Unconventional" In Effort To Tackle Trillions In Debt, Rescue Economy

China has officially entered the realm of "unconventional" monetary policy, joining the Fed, the ECB, the BoJ, and a whole host of other global central banks in an attempt to bring the supposedly all-mighty printing press and the unlimited balance sheet that goes with it to bear on subpar economic growth. We suspect the results will be characteristically underwhelming (at least in terms of lowering real interest rates, although in terms of boosting risk assets, the results may be outstanding) meaning it's likely only a matter of time before LTRO becomes QE in China just as it did in Europe.

Caught On Tape: Moment Of Deadly Amtrak Train Crash

Amtrak Regional 188, with over 200 passengers aboard, was traveling at 106 mph just before "the entire train derailed" in Philadelphia, federal investigators said Wednesday, according to NBC News, more than twice the speed limit at the curve where it hurtled off the tracks. With the death toll now raised to seven, and officials still unable to account for everyone on board, Philadelphia Mayor Michael Nutter exclaimed, "I don't believe that anyone standing here today has any memory of a derailment of this kind in 50 years," and judging by the following clip - we are stunned the fatality count was so low.

 

Water Wars Officially Begin In California

With the state of California mired in its fourth year of drought and a mandatory 25% reduction in water usage in place, reports of water theft are becoming increasingly common. With a stunning 46% of the state in 'exceptional' drought, and forecast to worsen, huge amounts of water are 'going missing' from the Sacramento-San Joaquin Delta and a state investigation has been launched...

45% Of US Voters Are Worried The Government Will Use Military Training Exercises For Power Grab

Mainstream media reporting on the controversy over the Jade Helm 15 military exercises, set to take place over eight weeks across several U.S. states, was primarily about characterizing and demonizing Texans concerned about the exercises as backwater, paranoid rednecks with wild fantasies about an imminent government takeover. While exercises like these will always cause the imagination of some to run amok, the key point here is this: concerns that U.S. military exercises will be used to exert more power over states is not a fringe view.

ETF Issuers Quietly Prepare For "Market Meltdown" With Billions In Emergency Liquidity

Looking for signs that the country's largest asset management firms believe a market meltdown may be on the horizon? Look no further than Vanguard and several other large ETF providers who have set up billions in credit lines with banks to guard against the possibility that a wave of redemptions could wreak havoc on illiquid credit markets.

Consequences? Barclays Exec Involved In LIBOR Fixing Becomes Bank's Head Of Asia-Pac

"Mark Dearlove, a Barclays Plc executive who was involved in the manipulation of the London interbank offered rate, was named as the U.K. lender’s head of markets for Asia-Pacific," Bloomberg reported earlier today, proving once again that not only do those involved in rigging, fixing, and otherwise manipulating every benchmark rate and market on the planet not go to prison, they in fact get promoted.

It's Only Fair To Tax The Wealthy, Obama Says: "They Are Society's Lottery Winners"

"when I say that, I’m not saying that because I dislike hedge fund managers, or I think they are evil, I’m saying that you’re paying a lower [tax] rate than a lot of folks who are making $300,000 a year... There’s a fairness issue involved here. And by the way, if we were able to close that loophole, I could now invest in early childhood education to make a difference. That’s where the rubber hits the road. That’s … where the question of compassion and ‘I’m my brother’s keeper’ comes into play. And if we can’t ask from society’s lottery winners to just make that modest investment, then really this conversation is for show."

Bond Manager Suggests "Make Cash Illegal" To End Boom & Bust

Jim Leaviss, the head of retail fixed interest at M&G has an idea to end the boom and bust economic cycle - Make Cash Illegal: Forcing everyone to spend only by electronic means from an account held at a government-run bank would give the authorities far better tools to deal with recessions and economic booms. We think he is serious - you decide...

30Y Treasury Yield Retraces 50% Of 2014 Plunge

As 30Y yields push up to the highs of the day, steepning the yield curve across the entire complex, it has now retraced 50% of the yield collapse from the start of 2014 to early Feb 2015...

Forget Mattresses, Greeks Are Stashing Their Cash In Cars

As Greek empty their bank accounts at a record pace, waiting for the capital-controlling, bank-holiday-based 'other shoe' to drop on Grexit, devaluation, and drachmatization; they are not stashing their cash in the proverbial mattress. Instead, as The Telegraph reports, there is a slightly surprising sign that Greece is in the classic throes of a bank run (as we saw in Russia last year): car sales jumped by 47% in April.