Reuters
Thousands Of Militiamen Stage Anti-Turkey Protests In Baghdad As Iraq Lodges Security Council Complaint
Submitted by Tyler Durden on 12/12/2015 10:10 -0500"As the leader of a military brigade, I am not fully satisfied with the government's action, and we are here to say that Iraq's patience has run out."
"We call on the Security Council to demand that Turkey withdraw its forces immediately and not to violate Iraqi sovereignty again."
Bitcoin Breaks Out Higher After China Announces Crackdown On UnionPay POS Devices
Submitted by Tyler Durden on 12/11/2015 20:30 -0500When we first detailed the link between a devaluing currency, increasing restrictions on outflows of China capital, and Bitcoin, the virtual currency soared (driven by Chinese flows, just as predicted). The last few days, as China has once again started devaluing its currency, authorities once again moved to tighten capital outflows - this time through caps on credit-card withdrawals (as warned here) - and sure enough, Bitcoin has been soaring recently. Specifically, a nationwide crackdown on illegal UnionPay point-of-sale devices, has sparked capital flight (on heavy volume) through the vurtual currrency.
Bail-Ins “Undermine Confidence” In Banks - Lead to Suicide of Pensioner
Submitted by GoldCore on 12/11/2015 11:36 -0500A tragic example of this was seen in Italy in recent days when a pensioner committed suicide after having his life savings wiped out in a bank bail-in. A pensioner from near Rome, hanged himself after his €100,000 (£72,000; $110,000) investment in Banca Etruria bonds were wiped out in a bail-in. A suicide note was left by the pensioner criticising the bank.
Dow Dumps Over 300 Points From Thursday Highs After IEA Warns Oil Glut To Worsen
Submitted by Tyler Durden on 12/11/2015 07:43 -0500'As goes oil, so goes the US equity market' appears to bethe new mantra. Just as yesterday's pump-and-dump tracked oil, so in the pre-market, WTI Crude plunged back to fresh 7-year lows after IEA warned that the oil glut will worsen, with prices lower for longer as demand remains subdued through at least 2017. This in turn sent US equities tumbling with Dow futures down 200 points (down 330 from Thursday highs).
Frontrunning: December 11
Submitted by Tyler Durden on 12/11/2015 07:36 -0500- Futures down sharply as oil hits seven-year low (Reuters)
- Oil slides to new seven-year low as IEA warns of worse glut (Reuters)
- But... but... they all said... Cheap Oil Gives Little Help to U.S. Spending (WSJ)
- Disappearances in China Highlight Ruling Party Detention System (BBG)
- China’s Credit Rebounds as Stimulus Helps Boost Loan Demand (BBG)
- Junk Fund’s Demise Fuels Concern Over Bond Rout (WSJ)
Physical Silver Investment Demand Great Deal Higher Than Official Estimates
Submitted by Sprott Money on 12/11/2015 05:57 -0500For those precious metal investors who think “All Official Data” is manipulated…. it isn’t.
Frontrunning: December 10
Submitted by Tyler Durden on 12/10/2015 07:31 -0500- Win or Lose, Trump Has Already Left His Mark on Republican Primary (BBG)
- S&P 500 Futures Rise With Miners; Oil Erases Gains, Euro Drops (BBG)
- U.S. top court divided over affirmative action in college admissions (Reuters)
- San Bernardino Shooter Said to Have Planned an Attack in 2012 (WSJ)
- Gun buyer and gunman linked through marriage, previous plot (AP)
The Screaming Fundamentals For Owning Gold
Submitted by Tyler Durden on 12/09/2015 17:40 -0500- Bank of England
- Bear Market
- BOE
- Bond
- Central Banks
- China
- Chris Martenson
- Creditors
- default
- ETC
- European Central Bank
- Fail
- Federal Reserve
- Foreign Central Banks
- Gambling
- Gross Domestic Product
- Hong Kong
- India
- Janet Yellen
- Japan
- March FOMC
- Market Conditions
- Monetary Base
- Monetary Policy
- Money Supply
- MZM
- None
- Precious Metals
- Purchasing Power
- Real Interest Rates
- Reuters
- Sovereign Debt
- Standard Chartered
- Switzerland
- World Gold Council
Gold is one of the few investments that every investor should have in their portfolio. We are now at the dangerous end-game period of a very bold but very reckless & disappointing experiment with the world's fiat (unbacked) currencies. If this experiment fails -- and we observe it's in the process of failing -- gold will provide one of the best forms of wealth insurance. But like all insurance products, it only works if you buy it before you need to rely on it.
Australian Police Storm Home Of Outed Bitcoin "Founder"
Submitted by Tyler Durden on 12/09/2015 17:15 -0500On Tuesday, Wired and Gizmodo revealed the identity of the man they say is Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Hours later, Australian authorities stormed his home and businesses in what was descrbed to reporters only as "an operation." According to the reports released yesterday, "Cold fish Craig" - as the man is known in the Austrailian suburb where he resides with his wife - may be in for a protracted standoff with the country's tax authorities.
“There Is True Value” and “Bargains” In Silver and Gold - Silver Guru
Submitted by GoldCore on 12/09/2015 11:30 -0500People understand nothing lasts forever. The bottom does not last forever. You want to buy low and sell high. Not only are we skipping along the lows, perhaps we can go lower but there is true value here - in all aspects - not only in the gold and silver but also in the natural resource sector. as a whole with bargains all over the place.
Inflation Soars To 12-Year High In Brazil As Supreme Court Jumps Into Impeachment Fight
Submitted by Tyler Durden on 12/09/2015 11:16 -0500Following a roudy session in Congress that nearly dissolved into "chaos," the Brazilian Supreme Court suspended impeachment proceedings against President Dilma Rousseff until December 16. Meanwhile, annual inflation rose to 10.5% in November, the highest in 12 years as the country's stagflationary nightmare continues unabated.
Trump Accuses Merkel Of "Ruining Germany" In Response To Time "Person Of The Year" Snub
Submitted by Tyler Durden on 12/09/2015 09:15 -0500
ECB's Nowotny Blames "Massive Failure Of Market Analysts" For Last Week's Unprecedented Hedge Fund Losses
Submitted by Tyler Durden on 12/09/2015 07:22 -0500"I think it was really a massive failure of market analysts," Nowotny told a news conference, adding that those analysts should have paid more attention to economic fundamentals. The comedy continued when Nowotny said that "the ECB can and will not let itself be pushed by the markets," adding that "it’s not our job to correct wrong expectations of individuals” and “it wasn’t the view of the whole market." Which, of course, was a lie.
Meet The Peer 2 Peer Lending Website That Funded The San Bernardino Shooters
Submitted by Tyler Durden on 12/08/2015 21:35 -0500"Prosper is the market leader in peer-to-peer lending-a popular alternative to traditional loans and investing options. Prosper allows people to invest in each other in a way that is financially and socially rewarding. We cut out the middleman to connect people who need money with those who have money to invest...so everyone prospers!"




