• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Citibank

globalintelhub's picture

The Real Test Of The Petro Dollar System





Currently the US Dollar, traded on the stock market as (UUP), and (USDU); is the world's reserve currency.

 
Tyler Durden's picture

What Consequences? Judge Rules Student Loans Of Broke Lawyers Can Be Cancelled





Following SCOTUS' decision not to hear a case making it easier to get rid of student debt, and The White House's push to ease student loan 'burdens', WSJ reports a federal judge ruled law-school graduates who file for bankruptcy protection can cancel the debt they racked up while studying for the bar exam. Once again - a poor outcome from a seemingly-easy decision (suggested by, and made easy by government) is made consequence-free by America's government (on behalf of US taxpayers). One wonders if the law graduates in question should receive "participation trophies" also as they enter the workforce (as Baristas).

 
Tyler Durden's picture

This Is How Venezuela Exported 12.5 Tonnes Of Gold To Switzerland On March 8, 2016 Via Paris





Approximately 50 tonnes of BCV gold has been exported from Venezuela to Switzerland within the first 10 weeks of 2016. How much longer can this outflow continue? This gold is being exported by the BCV in order to participate in swaps (or maybe even outright sales) in order to provide external financing to the Venezuelan Government. The fact that the gold is being picked up by Brinks Switzerland suggests it is being brought to a Swiss gold refinery. The main reason gold is sent to Switzerland is so that it can be refined or recast.

 
Tyler Durden's picture

Energy Wars Of Attrition - The Irony Of Oil Abundance





In the end, the oil attrition wars may lead us not into a future of North American triumphalism, nor even to a more modest Saudi version of the same, but into a strange new world in which an unlimited capacity to produce oil meets an increasingly crippled capitalist system without the capacity to absorb it. Think of it this way: in the conflagration of the take-no-prisoners war the Saudis let loose, a centuries-old world based on oil may be ending in both a glut and a hollowing out on an increasingly overheated planet. A war of attrition indeed.

 
Tyler Durden's picture

Bill Gross Previews The Financial Apocalypse: "The Classical Economic Model Has Reached A Dead End"





"central bankers seem ever intent on going lower, ignorant in my view of the harm being done to a classical economic model that has driven prosperity – until it reached a negative interest rate dead end and could drive no more."

 
Tyler Durden's picture

Venezuela's Gold Liquidation Begins: Maduro Quietly Exports 36 Tonnes Of Gold To Switzerland





Venezuela has already started moving much of its gold reserve to Europe where it will be located closer to swap-provider and ultimate custodian, and liquidator, Deutsche Bank, by way of Switzerland. According to BullionStar, Switzerland has imported a net of 35.8 tonnes of gold from Venezuela in January 2016.

 
Tyler Durden's picture

Neil Howe Warns The 'Professional Class' Is Still In Denial Of The Fourth Turning





"The world has fundamentally shifted over the last decade, especially since we’ve emerged from the Great Recession... But the professional class has been very slow to understand what is going on, not just quantitatively but qualitatively in a new generational configuration that I call the Fourth Turning. They don’t accept the new normal. They keep insisting, just two or three years out there on the horizon, that the old normal will return – in GDP growth, in housing starts, in global trade. But it doesn’t return."

 
ilene's picture

Oil Fears Spook Investors (Again)





Short-term, oil prices are a function of sentiment and manipulation. Here's how that works. 

 
Tyler Durden's picture

Venezuela Prepares To Liquidate Its Remaining Gold Holdings To Pay Coming Debt Maturities





Venezuela's central bank has begun negotiations with the suddenly troubled Deutsche Bank to carry out gold swaps "to improve the liquidity of its foreign reserves as it faces heavy debt payments this year", payments which it won't be able to fund unless it manages to "liquify" its gold. "One of the sources said the central bank has taken an unspecified amount of gold out of the country so that it can be certified, which is required for gold that is used in such swaps."

 
Secular Investor's picture

Is Deutsche Bank Signaling A New Banking Crisis?





Meltdown-Mode: European banking stocks are imploding, CDS spreads are exploding.

 
Tyler Durden's picture

Mass Layoffs To Return With A Vengeance





Remember the mass layoffs of 2008-2009? The US economy shed millions of jobs quickly and relentlessly, as companies died and the rest fought for survival. Then the Fed and the US government flooded the banks and the corporate sector with bailouts and handouts. The nightmare of 2008 soon became a golden era of 'recovery'. Well, 2016 is showing us that that era is over. And as stock prices cease to rise, and in fact fall within many industries, layoffs are beginning to make a return as companies jettison costs in attempt to reduce losses.

 
chumbawamba's picture

After the Deluge: A Reasoned and Seasoned Guide to Approaching Economic Armageddon





Please, take umbrage of my experiences before you decide it's time to press the button on your SHTF nuclear option plan and retreat into the bunker.

 
Tyler Durden's picture

War On Cash Escalates: China Readies Digital Currency, IMF Says "Extremely Beneficial"





Remember when Bitcoin and its digital currency cohorts were slammed by authorities and written off by the elite as worthless? Well now, as the war on cash escalates, officials from The IMF to China are seeing the opportunity to control the world's money through virtual (cash-less) currencies. Just as we warned most recent here, state wealth control is the goal and, as Bloomberg reports, The PBOC is targeting an early rollout of China's own digital currency to "boost control of money" and none other than The IMF's Christine Lagarde added that "virtual currencies are extremely beneficial."

 
Tyler Durden's picture

"And Now For Something Completely Different"





Let’s just say that if you are focused on domestic North American issues…you are missing the point.

 
Tyler Durden's picture

The Demise Of Dollar Hegemony: Russia Breaks Wall St's Oil-Price Monopoly





Russia has just taken significant steps that will break the present Wall Street oil price monopoly, at least for a huge part of the world oil market. The move is part of a longer-term strategy of decoupling Russia’s economy and especially its very significant export of oil, from the US dollar, today the Achilles Heel of the Russian economy.

 
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