Meet the new Ebola...
... Rothschild’s Penney wrote that the U.S. “is effectively the biggest tax haven in the world.” The U.S., he added in language later excised from his prepared remarks, lacks “the resources to enforce foreign tax laws and has little appetite to do so.”
"So why do speculators make claims that run counter to reality? Analysts said it is because either the short-sellers haven't done their homework or that they are intentionally trying to create panic to snap profits."
Denmark has passed new immigration legislation that will allow police to seize cash and valuables from refugees in what lawmakers say is a bid to help pay for asylum seekers' upkeep. While some say the bill is "misunderstood," others call it "morally horrible."
Zero... nada... zip! That's how many IPOs have started trading on US exchanges in 2016 so far... In fact, January 2016 was globally the worst month for capital formation (IPOs) since August 2008.
Critics of today’s fiat currency/fractional reserve banking world have (for what seems like forever) made the common sense point that when debt rises faster than cash flow, bad things are bound to happen. In every cycle since 1980 this has been dismissed by the vast majority who benefit from inflating bubbles - until the bubble bursts. And here we go again.
After the biggest two-day surge in oil in seven years, early in the overnight session both Brent and WTI continued their run for a third day, entering a bull market, 20% up from recent lows hit just last week (still 15% down on the year) when Saudi Arabia spoiled the momentum party after the world’s biggest crude exporter said it’s keeping up investments in energy projects while diesel consumption in China dropped for a fourth consecutive month, signaling an industrial slowdown. And thanks to the near record correlation between equities and oil, global stocks and US equity index futures initially rose only to slide following the Saudi comments.
"Bowels Emptied! Women Molested!" German Media Reveals "Monstrous" CCTV Footage Of Refugee Pool MayhemSubmitted by Tyler Durden on 01/25/2016 00:50 -0400
Despite the best efforts of European cartoonists, some refugees apparently didn’t get the message about proper pool behavior because according to “reports,” some asylum seekers were caught on closed circuit TV doing some rather lewd things at the Johannisbad baths in Zwickau.
"Russia has approximately 12-18 months left at the current oil price before the country reaches a point of no return..."
The world is now in recession at best and maybe flirting with a global depression. This means politicians will do what is best for their national political future and the consequences for the national economy, citizens or business future is of little consequence to them. This also suggests that global alliances will mean little when domestic national politicians are fighting for survival. Here is how the chess matches have turned out so far in the Putin/Obama competition.
"I pledge allegiance to the Flag of the United States of America, and to the Republic for which it stands, one Nation under Allah...."
What will bring down the Chinese and Saudi pegs, along with a long list of other pegs, is, how appropriately, the very same markets they’ve been relying on to NOT function. The bets against Hong Kong’s ability to maintain its USD peg have already started, and China is next, along with the House of Saud (the latter two just take more fire-power). Which of course is exactly why they speak their soothing ‘confident’ words. Words that are today interpreted as the very sign of weakness they’re meant to circumvent.
"China 2016 Is US 2008" Felix Zulauf Warns "The Outcome Of A Major Yuan Devaluation Would Be Disastrous"Submitted by Tyler Durden on 01/22/2016 16:55 -0400
"China is to the current cycle what the US housing market was for the Global Financial Crisis in 2008. It will take years to correct the excesses that were built up in China... the consequences of a weaker yuan would be disastrous...If China devalues, all the other countries in the region will follow suit which will lead to a global deflationary shock. There is a real chance of a bigger correction than many investors realize..."
Ultimately the efforts of the Davos elites to control the world economy are in vain, for attempting to improve the economy through force never quite works out the way the planners intend. New complexities arise to make a mockery of their efforts. The simple fact is the planners’ solutions to the problems their policies created in the first place result in even greater problems... and even greater solutions. In short, their cure is worse than the disease. Nonetheless, they’ll never give up chasing the wild goose.