ETC

The Reasons Why The Globalists Are Destined To Lose

This is what the elites fear most: the possibility that despite all their efforts of surveillance and manipulation, individuals and groups may one day be struck by an unpredictable urge to pick up a rifle and put the the globalists out of everyone’s misery. No chatter, no electronic trail, no warning. This is why they are destined to lose. They can never know all the unknowns. They can never control all the free radicals. There will always be rebellion. There will always be a liberty movement.

The Myth Of The "War On Terrorism"

Remember We’re fighting them over there so we don’t have to fight them over here”? That was the justification for the worldwide war on terrorism the Bush administration trumpeted in the early days of the post-9/11 era. But now we hear that the latest iteration of the Terrorist Threat – ISIS – is losing ground in Syria, its home base. So let’s see if I have this straight: we fought them over there so we don’t have to fight them over here, but now that we’re winning over there they’re coming over there.

Why Helicopter Money Won't Push Stocks Higher

In effect, helicopter money turns the entire economy into a Ghost City. Things look busy and productive until the day the helicopter money runs out. From that day on, everything crashes back to reality and tumbleweeds are soon blowing down empty streets.

Greater Fools Have Stormed The Casino

Since last Friday’s phony jobs report the casino has become so unhinged that analysis is beside the point. It is not surprising at all that the robo-machines are now gunning for the 2200 point on the S&P 500 charts. That’s what they do. What defies explanation, however, is that the several dozen humans left on Wall Street who apparently talk to Bob Pisani are actually attempting to rationalize this “breakout” of, well, madness.

Islamization Of France: Stabbing Policemen, "Slut-Shaming" & New Death Threats

Islamization is gaining ground in the Muslim community of France. For a long time, this trend remained restricted to the cultural sphere and created strong controversies between Islamists and secular intellectuals (such as the ban on face-covering veils in schools and public places). But the debate stopped being a debate. Sometimes Islamic intolerance takes on the appearance of a civil war. The violence, which was mostly concentrated in the suburbs prior to the January 2015 terrorist attack on the satirical magazine, Charlie Hebdo, is spreading now to the heart of French cities. Murders, assaults, death threats and "slut-shaming" happens almost every day here and there.

The Unintended Consequences Of The $15/Hour Minimum Wage

"The magnificent "gift" that we are inexorably marching toward, the $15 minimum wage, will come out of the hides of working people eating lunch or running errands after work. Not only will the transaction price of a sandwich rise, so will the opportunity costs. "

Why JPM Now Thinks The S&P 500 Is Promptly Headed For 2,200

More of the same for this market. The 17x/$130 argument continues to resonate (that combination of numbers points to 2200). It’s still very, very early in the CQ2 season but the indications so are more positive than negative (AA, Daimler, PEP, Samsung, SIMO, STX, WDC, etc) and that is helping investors look past the earnings recession and is bolstering confidence in a ~$130 number for next year.

Don't Just Blame The Cops: Who Is Responsible For America’s Killing Fields?

We’re getting distracted, people. Instead of focusing our ire on the architects of the American police state, who are responsible for turning the streets into mini-war zones, we’re getting distracted by the many voices eager to play the blame game by pointing their fingers at someone else.

Nomi Prins: Trump Wins (Even If He Loses)

Early on in his presidential bid, Donald Trump began touting his anti-establishment credentials. When it worked, he ran with it. It was a posture that proved pure gold in the Republican primaries, and was even, in one sense, true. After all, he’d never been part of the political establishment nor held public office, nor had any of his family members or wives. His actual relationship to the establishment is, however, complex in an opportunistic way.

 

Welcome To Wonderland

Silver out performs gold as both rise with Treasury bonds, which are in turn rising with stocks, as Junk bonds hit new recovery highs while USD remains firm as inflation expectations are out of the picture. This is highly atypical, maybe even unprecedented. As we watch the macro burp up all kinds of paradoxes and inconsistencies, we can’t help thinking back to the day that the ‘Hero’ announced Operation Twist...

Chasing Fools Gold (aka Central Banker Alchemy)

Remember the story of “The Philosopher’s stone?” In a nut shell it was an alchemical substance capable of turning worthless metals into gold. Today, much like those of yore, central bankers across the globe are engaging in that never-ending quest for the ability to turn the worthless – into the precious. And to the ill-informed it seems they have indeed achieved it. That is, as long as you wrap it in the same cloth as found in “The Emperor’s New Clothes.” For if not – the naked truth becomes appalling clear. And it ain’t pretty.