A shocking new survey has found that support for capitalism is dying in America. In fact, more than half of all adults in the United States under the age of 30 say that they do not support capitalism at this point. You might be tempted to dismiss them as “foolish young people”, but the truth is that they are the future of America.
Earlier today, CNBC's Steve Liesman made two very important, in fact "critical", if about one year overdue, discoveries. The first one was that Americans are angry. The second discovery is that angry Americans largely support Trump over Hillary.
If we continue to put garbage in, we are going to continue to get garbage out, and that is the cold, hard reality of the matter.
Decades of relentless brainwashing in the West have convinced the vast majority of our populations that there is no longer a place or role in our modern economy for Perfect Money. What is continually forgotten beneath the veneer of our cultural arrogance is that the rest of the world, and the vast majority of humanity’s population, have a fundamentally opposite perspective regarding the world’s only Perfect Money. In the East, China and Russia are relentlessly accumulating gold, observing a “rule” which is now forgotten by the arrogant oligarchs of the Corrupt West: the Golden Rule. He who has the gold makes the rules.
Something "disturbing" has emerged for financial pundits whose only job is to appear on CNBC, Fox Business or Bloomberg TV and to present their recurring daily permabullish view while pocketing a commission in exchange for the (almost) free advertising: a proposal which would hold them accountable for their recommendations. The result: an industry-wide panic about a post "fiduciary rule" world in which talking heads on CNBC can't simply disappear for a few months after saying that "Bear Stearns is fine" days before the bank spontaneously combusts.
Freedom is an action word. It means turning off your screen devices - or at least greatly reducing your viewing time - and getting active to take to stave off the emerging authoritarian government. Aldous Huxley, George Orwell, and the countless science fiction writers and commentators have warned that we are in a race between getting actively involved in the world around us or facing disaster. If we’re watching, we’re not doing.
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.
- Oil slump rocks markets again in equity rout (Reuters)
- Global Stocks on Brink of Bear Market as Oil Slides; Ruble Drops (BBG)
- Global Stocks Slide on Oil Rout (WSJ)
- Emerging Markets Roiled as Stock Selloff Surpasses Asian Crisis (BBG)
- Rising Debt in Emerging Markets Poses Global Threat (WSJ)
- China shares slip as oil slides, outweighing stimulus hopes (Reuters)
- Spot the common thread: China's growth hits quarter-century low, raising hopes of more stimulus (Reuters)
- And here: China stocks climb on hopes for new economic stimulus (Reuters)
- Welcome to the Crisis Economy, Where Tumult Reigns (WSJ)
- IEA Sees Risk of World Drowning in Oil (BBG)
- IEA Sees Iran's Return Intensifying Battle for Europe Oil Market (BBG)
- China 2015 power, steel output drop for first time in decades (Reuters)
In the eyes of Western bankers, it was the perfect “scheme” – hence their label for the plan. In the eyes of any sane, rational, human being, it was/is the most naked, clumsy fraud that one could possibly imagine. But the corporate media assured us there was considerable enthusiasm amongst India’s population for this scam. However, in two weeks, out of a population of more than one billion people, holding an estimated 40 million pounds of gold, the Conspirators managed to steal less than 0.000002% of India’s privately held gold. So we’re now told that India’s government sees “temple gold” as its best/easiest target for stealing.
When Mario Draghi “disappointed” markets in December by “only” cutting the depo rate by 10 bps and “merely” extending PSPP by six months while electing not to expand monthly asset purchases, the Riksbank, the Nationalbank, the Norges Bank, and the SNB all breathed heavy sighs of relief. And while we doubt the ECB is done when it comes to going "full-Krugman" (as it were), Mario Draghi’s “hawkish” ease did buy his counterparts some breathing room. Case in point: Denmark just hiked.
Politics - especially elections - creates a system that brings out the worst in people. It poisons relationships. It pulls us in as spectators who stand agog at a completely inauthentic show of national politics (over which we have virtually no power). We end up mostly ignoring the local issues over which we could have considerably more influence. As a consequence, an entire nation falls under a particular kind of spell.
Republicans Declare War On CNBC: Suspend NBC Relationship Over CNBC's "Downright Offensive" QuestionsSubmitted by Tyler Durden on 10/30/2015 13:27 -0400
Nearly a year after CNBC said it would no longer rely on Nielsen to measure its daytime audience (due to the collapse in viewership we had previously profiled), it has managed to do it again, only this time slamming not the financial cheerleading cable network but its Comcast affiliate, NBC News, whom its just cost hundreds of millions in advertising revenues after moments ago Republican National Committee Chairman Reince Preibus announced he was suspending the partnership with NBC News for the Republican primary debate at the University of Houston on February 26, 2016.
"There IS An Alternative" - Since The End Of QE3, Financial Market Returns Are Negative... Except The US DollarSubmitted by Tyler Durden on 09/25/2015 08:10 -0400
"The big upside for both corporate bonds & corporate stocks has subsided as the liquidity story has peaked. Of greater note, the recent big reversal in the performance of assets directly linked to the bull market on Wall Street. Private equity managers and large asset managers saw their stocks appreciate 36% & 32% respectively between QE1 and the end of QE3. Since the end of QE3, the annualized returns are -10% & -18% respectively."
Ironic, because it is precisely CNBC's constant cheerleading of what little viewers it had left that pushed the market to such nosebleed levels that on August 24 it suffered its second flash crash in just five years. It is even more ironic, because instead of a rational, objective coverage of the newsflow, the constant stream of cherry-picked, double seasonally adjusted good news is precisely why viewers had left the Comcast cable station in droves realizing the disconnect between the economy and stocks is simply too gargantuan to stomach, and that they are being lied to. As a result, it wasn't until the much dreaded market crash that viewers finally came back. At least some of them.