New York City
If you don’t think financial markets have been utterly destroyed by central bank intrusion then how can you explain Friday’s 460 Dow point reversal higher after the post-NFP low? It was pure machine rage triggered by another implied “lower for longer” Fed policy signal. In short, we are now in an exceedingly dangerous phase of the central bank end game. They continue to pour gasoline on the first of financial speculation, yet smugly insist all is clear.
The elite want a one world government, a one world economic system and a one world religion. But they are not going to achieve these things by conquest. Rather, they want everyone to sign up for these new systems willingly. The “global goals” are a template for a united world. To many, the “utopia” that the elite are promising sounds quite promising, many of the "global goals" sound quite good. The key is to look behind the language and understand what is really being said. And what is really being said is that the elite want to take their dream of a one world system to the next level.
We are a scant 40 years away from the futuristic world that science fiction author Philip K. Dick envisioned for Minority Report in which the government is all-seeing, all-knowing and all-powerful, and if you dare to step out of line, dark-clad police SWAT teams will crack a few skulls to bring the populace under control. Increasingly, the world around us resembles Dick’s dystopian police state in which the police combine widespread surveillance, behavior prediction technologies, data mining and precognitive technology to capture would-be criminals before they can do any damage. In other words, the government’s goal is to prevent crimes before they happen: precrime.
One of the main data points that pundits and politicians who claim there is an “economy recovery” point to is jobs created. Please tell me, what good is a job if it can’t earn you a roof over your head?
Welcome to the Oligarch Recovery.
- The bearish dovish Fed: Shares Fall After Federal Reserve Keeps Rates on Hold (WSJ)
- Developed, emerging markets diverge as Fed keeps rates steady (Reuters)
- Yellen May Emulate Taper Template and Raise Rates in December (BBG)
- Russia Raises Prospect of Sending Troops Into Combat in Syria (BBG)
- Rigged markets 1: U.S. Said to Investigate Chicago Trader as Spoof Probes Broaden (BBG)
- Rigged markets 2: Primary Dealers Rigged Treasury Auctions, Investor Lawsuit Says (BBG)
- Rigged markets 3: The Man Who Took KKR’s Stock for a Ride (WSJ)
If you want a nation of criminals, treat the citizenry like criminals. If you want young people who grow up seeing themselves as prisoners, run the schools like prisons. But if you want to raise up a generation of freedom fighters, who will actually operate with justice, fairness, accountability and equality towards each other and their government, then run the schools like freedom forums. Remove the metal detectors and surveillance cameras, re-assign the cops elsewhere, and start treating our nation’s young people like citizens of a republic and not inmates in a police state.
On September 25th, Pope Francis will address the United Nations General Assembly in New York City. To much fanfare, the Pope will celebrate the unveiling of the UN’s Sustainable Development Agenda 2030. A key plank of this agenda relates to the UN’s “Sustainable Development Goals,” or SDGs. While this sounds all warm and fuzzy, several well meaning participants have become horrified by the extent to which multi-national corporations have influenced the entire process. So much so, that insiders are claiming the UN is actually marginalizing the very people it claims to be saving. The poor, the weak, and the voiceless.
As we have noted numerous times in the past, there is a Bull market in serfdom. America's Renter Nation has never spent more of its paycheck on rent and as Zumper notes, with rent prices in San Francisco and New York at the highest in the nation, affordability does not seem to exist in these two metropolitan areas. For some idea of the scale, there are actually castles in France and Italy that can be rented for about the same price as average apartments in these cities...
Some context for those who insist renewables will 'solve' everything...
Perhaps the biggest market moving event of the day, more so than the Durables data, was Bill Dudley's speech. However, at least based on the prepared remarks there is no discussion of the economy. From Bloomerg. Now all eyes turn to the Q&A which is where any questions relevant to the recent move in markets will most likely emerge.
Most of you will be familiar with the concept of jury nullification. Unfortunately, the vast majority of Americans are not. This is precisely why Mark Iannicelli set up a “Jury Info” booth outside the Lindsay-Flanigan Courthouse in Denver. When you recognize the vast power that such a concept holds, you recognize why it would be so hated by statists and authoritarians across the land. That is precisely why Mr. Iannicelli was arrested and charged with handing out information.
Gold fundamentals are tight, but not so much in silver. According to popular belief, the prices of the metals are supposed to move together. What happens when a trading thesis is believed by just about everyone?
Who says there’s no affordable housing in NYC or San Francisco?
Over the weekend, the Donald came to Iowa, saw, and then left in his chopper. But not before declaring himself to be America's latest caped crusader. So having gone back to New York, what is keeping the Donald occupied today? The answer: jury duty. Perhaps the reason the media is particularly fascinated with Trump's appearance in court is because it was his first time in six that he decided to respond to a jury duty summons: "The real estate mogul's service came after a state judge in March fined him $250 for failing to respond to summonses to serve jury duty five times since 2006."
Both the October and December gold contracts are backwardated, and Feb '16 contract is not far. The gold market is tight. Why?