Tuesday, October 11, 2016

Gold World News Flash

Gold World News Flash

How Much Gold and Silver Do You Need For Retirement?

Posted: 10 Oct 2016 11:01 PM PDT

You want to retire soon but you don't trust debt based fiat currency paper assets. Besides, the stock market looks toppy and bonds have about run their 30+ year bull market to its inevitable and ugly...

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The Demise Of The EU

Posted: 10 Oct 2016 11:00 PM PDT

Submitted by Jeff Thomas via InternationalMan.com,

Back in the ‘90s, when the EU had ceased to be a mere trade agreement and had become a full-blown oligarchy that would eventually gobble up most of Western and Eastern Europe, my belief was that it had not only been a doomed concept, it had additionally been rushed into being far too quickly. Although, at that time, the governments of Europe were gleefully joining up. I said, “I give it twenty years, tops.”

It was an offhanded remark and, in truth, I was throwing a dart at a board regarding the time period, but twenty years did seem about right to me. And this shouldn’t have been a difficult prophecy. There were three major reasons for its validity.

“Good Fences Make Good Neighbors”

First off, the countries of Europe had perennially been at war with each other since long before gunpowder was invented. Europe is basically tribal and there is simply no way that the mindsets and objectives of, say, the British are going to be the same as, say, the French. If under the EU diktat, British fishermen were then told that they could no longer fish their own waters because Brussels had decided to give British territorial waters to the French so that they could fish, there would be greater cause for enmity between countries than ever before in history. (The quote above from Robert Frost was meant to pertain to individual property owners, but it applies equally to modern-day tribes.)

Sudden Change Breeds Resentment

Second, the rulings from Brussels came in a torrent after its formation. Nearly every country in Europe was shoehorned into fitting in with Union objectives. As a result, whilst some countries gained some advantages, all countries lost the basic freedom that comes with self-determination. Those who objected were threatened that they’d better behave. Those who suggested departing from the union were further threatened that they’d be shut out of EU trade and destroyed economically.

Most people behave like sheep in most situations. That’s a basic trait of mankind, in any culture, in any age. However, sudden change (in either events or public opinion) often sparks revolt. Certainly King George of Britain discovered this when he chose to make up for a wartime monetary shortfall by imposing a stamp tax on his colonies in America. A decade later, the French people, when they heard (falsely) that Queen Marie Antoinette had replied to the shortage of bread amongst her minions, “Let them eat cake,” it served as a jolt to public opinion that would send many Frenchmen over the edge to the point of rebellion.

The elite in Brussels have grossly overplayed their hand, time and time again, by imposing sudden and dramatic change on the countries of Europe, whilst behaving arrogantly, bringing many of Europe’s people to the boiling point.

It Wasn’t the People that Joined the Union

To add to the tyranny, no country’s population voted in a majority to join the union. Half-hearted referenda were undertaken by some countries, but voter turnouts were often poor. In other countries, the referenda were not binding. In the end, each government went ahead with only minority support and plunged headlong into a union that would benefit them, the leaders, but would not serve their people well.

The EU was, from its inception, the antithesis of “government of the people, by the people, for the people.” It was, instead, an “uber-government of the political leaders, for the political leaders, by the political leaders.”

All the above contributed to the likelihood (at least in my view) of a short-lived EU.

But the easy task is to predict the event. The more difficult task is to predict an approximate date, so that investment decisions and major life decisions may be timed to avoid the individual becoming collateral damage. The important question therefore would then be, “What will be the trigger to begin the collapse?”

As the years passed and the cracks in the EU started to appear, the race was on as to whether the undoing would be as a result of the economic failure of the southern member-states, or by the social strains of immigration that Brussels forced onto its member-countries. In each case, it was predictable that the political leaders would defend the EU policies at all costs, although each would increasingly lose the support of constituents by doing so.

On the economic front, all eyes were on Greece and the other Mediterranean members, as they clung stubbornly to their collectivist economic policies. They would continue to bleed red ink at the expense of their more economically responsible Northern brethren. Along the way, in order to appease her voters, German Chancellor Angela Merkel stated firmly that the EU would not bail out the Italian banks; that they would have to rely on bail-ins (a measure that had been approved in 2014 for all EU countries). Then the news came that the German Deutsche Bank was on the ropes, threatening to cause a bloodbath for the German people. Germany, having lost billions of its money to the other EU countries, would need $14 billion to pay for Deutsche Bank’s mis-sold mortgage-backed securities and that would just be the beginning.

The German people had paid through the nose to support other EU members, but a line had been drawn in the sand as to future bail-outs, just before Germany realised its own crisis.

Suddenly, Mrs. Merkel has been caught between her obligation as Chancellor to the German people and her personal commitment to the EU. Her problem is exacerbated by the fact that she is up for re-election in 2017.

Ironically, in the race for the collapse of the EU, it may be that the trigger that begins the process is Germany, the country that was most responsible for its creation.

The comparison with the Titanic is an apt one. Like the Titanic, the EU was presented as a “super-state”, one that would be bigger and better than all the others in Europe. It was declared unsinkable. Yet, soon after it was launched, it hit an unexpected iceberg from which it could not recover.

Years from now, historians and economists will debate the identity of the EU iceberg. Some will say Brexit, others will say Deutsche Bank. Still others will cite events that we have not yet seen. However, for our purposes, it matters little. The dominoes have begun to fall and all of us that may be impacted by an EU collapse should make sure that we have all our own ducks in a row – to assure that we are impacted as minimally as possible.

Average Intraday Gold Movement Percentages For September 2016 and 2015

Posted: 10 Oct 2016 09:47 PM PDT

Behold, The Trumpening

Posted: 10 Oct 2016 07:30 PM PDT

Submitted by Raul Ilargi Meijer via The Automatic Earth blog,

If the US presidential debate last night showed anything, it must be that just about everyone has dug themselves into their trenches and had no desire whatsoever to ever come out.

This seemed especially clear on the Hillary side, which appeared to include -to an extent- ‘moderators’ Anderson Cooper and Martha Raddatz, judging from their interruptions. But, granted, they were the only biased side in the discussion, so we don’t really know what trenches the Republicans have dug.

The biggest problem with biased moderators is that people notice their bias. Not those who are on one side already, it passes them by. But others do. And perhaps more importantly, -in this case-, Hillary’s team loses its ability to adopt a neutral view. And she will therefore hear so much praise that she can’t figure out if she’s not done too well.

To illustrate that point: the main takeaway must be that Trump won the debate hands down, but that’s the opposite of what Hillary sympathizers concluded and what various polls said. It’s still true though, if only for one simple reason. That is, for 48 hours straight all talk and ‘reporting’ had been about Trumps lewd ‘words’ on the Access Hollywood tapes.

Trump really was cornered, and he knew it, everyone knew it. But after the second debate, and within 90 minutes, most of the talk turned towards how he ‘threatened’ to jail Hillary. Now, that’s not what he said, but even if he had, it’s something a lot more people sympathize with than with his language on the tapes. That’s a lot of territory ‘conquered’.

Meanwhile, even the likes of Paul Ryan don’t seem to grasp what happened overnight (he apparently think Hillary already won). What he doesn’t appear to see is, again, that Trump looked completely lost for 48 hours, but doesn’t look so lost now. There are 4 weeks and a day left in the campaign, and a lot can still happen.

Look, Trump is a buffoon. The word could have been invented specifically to define him. And it would be a very bad idea to make him president of the US. But that doesn’t mean the idea of making Hillary president is any better. It may well be worse, for a variety of reasons.

What the debate made clear once more is that America stands face to face with itself, it’s looking in a giant mirror, one which -only- in choice moments does not contort its own image, and America finds there’s nothing to like about what it sees in those brief moments in that mirror. And then therefore immediately proceeds to contort that image like it’s used to doing.

America may not like to look at its own stone cold hard reality, but it’s better than any culture ever in painting a picture of itself that it does like. In fact, it’s the first nation ever that made exactly that its main goal in life.

The Brits, the French and the Dutch try to hide their dark colonial and slave trading pasts, but America built an entire culture around contorting its history, right there in Hollywood, with ‘stars’ like John Wayne and John Ford being celebrated for movies that celebrate the annihilation and violent submission by the white man of both Native Americans and African slave populations.

In that same vein, the ‘heroic exploits’ of US soldiers in Muslim countries from Libya to Afghanistan in the past decades are now a major topic for the next generation of twisted history in movies and other media, in which invasions, drone killings and carpet bombings are portrayed as acts of bravery that warrant Purple Hearts. While the people whose lives and cultures are destroyed are swept under the first available carpet.

But that’s another story for another time. Back to last night’s debate. Trump may have won big, but he left some substantial scraps on the table that he may yet come to regret. Perhaps he was too focused on digging himself out of the ‘grab that pu**y’ hole -and yes, that is foul- to notice he was already out. Hard to say. He has the intuition, but does he have the brain?!

The first thing either The Donald or one of his team members must hammer down, urgently, is the way past stupid narrative of Russia’s involvement in US politics. Hillary repeatedly brought it up again, and it’s cheap fare for her, she can say anything she likes on the issue, no-one will contradict her or check any facts.

There were all these alleged fact-checkers ‘active’, but they dare not check the facts on this (there are none). Anything the Democratic Party wants to hide, it is free to hide behind Putin. No questions asked. That is insane at best, and Trump should have halted the narrative.

As should Cooper and Raddatz, and the army of fact checkers, but the fix was in. The low point must have been the allegation that Wikileaks is linked to Putin. Really? Come with facts, or forever hold your tongue. Too much cheap fare, hollow as can be, and Hillary build much of her story on it. Not good on the part of the Trump people.

I was reading an August 2 piece by Timothy O’Brien at Bloomberg the other day on Trump’s Russian connections, and Tim seems to start off with good hope of ‘inking the deal’, but ends up admitting there’s no there there.. The entire narrative of Trump’s Russian connections is as false as John Wayne’s heroism in slaughtering Native Americans. He should have cut that tale short in the debate, He didn’t.

Hillary gets to say, without any interruption or fact checking that “Russia has decided who it wants to be president, and it’s not me.” and that is way beyond any comprehension, really. There is zero proof of that, as there is of everything the US claims about Russia.

For all we know, Putin would much prefer Hillary to be president, because he sees Trump as a much stronger opponent when the chips are down. Hillary’s allegations are just a narrative she thinks will appeal to voters. She’s wrong. At least when it comes to those who wouldn’t have voted for her regardless of the narrative.

The second issue Trump desperately needs to put to bed is the one of his taxes. And mind you, I did say Trump should not ever be president of the US. That’s my perspective.

Hillary again last night painted a picture of Trump leaving US veterans out in the cold by not paying enough taxes. Trump retorted by saying Buffett (not Jimmy) and Soros do the same. But that’s a huge missed opportunity.

Paying taxes in America, and in any western nation, is not some voluntary exercise; there are laws, and they are some of the most stringent and most punishable there are. You cheat on your taxes, and the IRS or their equivalent in other countries have the power to go after you like no other government institution. Tax cheats very often go to jail.

That none of this has happened to Trump means, it’s that simple, that he did not break the law. He has used to the law to his advantage, just like everyone else who could, sure, But there’s not an inch of evidence, not even a hint, that he did anything illegal.

Hillary’s campaign is well aware of this, so the issue gets presented as some -pretty opaque- moral issue: ‘You didn’t do well by our veterans’. But what could he have done? Should Trump be the only American, or only western citizen, to tell the IRS to please take another extra $10 million or so, or $100 million, after they were done auditing him? So he wouldn’t be attacked 20 years on when running for office? It makes no sense in any sense.

And yes, the situation is very different if you’re on a payroll for some company, you can’t deduct what Trump could. But he’s not alone in that; in fact, all American entrepreneurs are in the same boat, and they will all try to swing that boat in the direction that fits them best. And Hillary loves these entrepreneurs as much as anyone when it suits her purposes. And her accountants do the same thing, they follow the same principle. Perhaps for lesser amounts, but that’s not the point.

Trump’s taxes are a non-issue, a brainless narrative. Not something for Hillary or anyone else to use as some innuendo-laden topic, anymore than Trump can use Hillary’s tax files against her in an ‘innuendo illegal’ way. Any judgment on that is up to the IRS, not either the Republican or Democratic campaigns. It’s ridiculous that Hillary can use that in a debate, and Trump and his people should have shut that venue down long ago.

But anyway, we have that 4 weeks and a day to go, and there’ll by much more to ‘enjoy’. Still, Trump came back last night from very very far away. No matter what CNN and other polls may say. Those polls are as biased as the night’s moderators.

It might be a good idea to realize that a year ago nobody ever gave Trump a shot at the gold medal, and his support never came from the people who conform with CNN (which nobody watches stateside anyway) or ABC.

We’ll talk again soon. Meanwhile, I’m with Susan Sarandon, who says bring it on, bring on Trump, because she despises Hillary, and because:

Donald Trump will bring the revolution immediately; if he gets in then things will really explode.”

Sort of like what I wrote before, that if you must choose between two very bad options, might as well pick the worst and get it over with:

"The World Has Reached A Dangerous Point" - Gorbachev Sees Rising Threat Of Nuclear War

Posted: 10 Oct 2016 06:58 PM PDT

As Russia and America creep ever closer to outright conflict, now that the diplomatic facade of the proxy war in Syria falls away with every passing day, one voice if calling for the world to stop and reassess what it is doing. Former USSR leader Mikhail Gorbachev warned on Monday that the world has reached a "dangerous point" as tensions between Russia and the United States surge over the Syria conflict; a conflict which if escalated even fractionally further, could result in all out war between the two superpowers according to General Joseph Dunford.

Gorbachev blamed the current state of affairs between Russia and US on the "collapse of mutual trust" and urged the sides to resume dialogue and push towards demilitarization and complete nuclear disarmament.

"I think the world has reached a dangerous point. I don't want to give any concrete prescriptions but I do want to say that this needs to stop. We need to renew dialogue. Stopping it was the biggest mistake.  Now we must return to the main priorities, such as nuclear disarmament, fighting terrorism and prevention of global environmental disasters. Compared to these challenges, all the rest slips into the background." Gorbachev said in an interview with RIA Novosti.

Relations between Moscow and Washington, already at their lowest since the Cold War over the Ukraine conflict, deteriorated sharply in recent days as the United States pulled the plug on Syria talks and accused Russia of hacking attacks.

Soviet President Mikhail Gorbachev (L) and U.S. President Ronald Reagan
begin their mini-summit talks in Reykjavik October 11, 1986.

As a result, last week Russia moved nuclear-capable Iskander missiles in Kaliningrad, near the hear of central Europe, an indication that a nuclear disarmament is the last thing on the mind of either Putin or Obama; quite the contrary a new nuclear arms race has begun. That, however, did not stop Gorbachev to preach the need for nuclear disarmament.

"Of course, at this moment it is difficult to talk about moving towards a nuclear-free world, we must honestly admit it. But we should not forget: as long as there are nuclear weapons there is the threat of their use. It could be an accident, a technical malfunction of someone's evil will – a madman or a terrorist," the former Soviet leader said. Or a perfectly sane, administration official intent on starting a new world war to benefit his or her financial backers.

In the interview, Gorbachev also reminded that in line with the nuclear non-proliferation agreement all of its signatories must hold talks on nuclear disarmament uniting the eventual full destruction of nuclear weapons.

"The nuclear-free world is not a utopia, but rather an imperative necessity. But we can achieve it only through demilitarization of politics and international relations."

Gorbachev added that veterans of international politics, such as the "council of sages" chaired by former UN leader Kofi Annan, understood these problems and expressed hope that their voices would be heard by modern leaders. At the same time he emphasized that the main responsibility for global security lies on these modern leaders who would make the greatest mistake if they do not use the last chance to return international politics to a peaceful course.

The former Soviet leader's interview was published on Monday to coincide with the 30th anniversary of the USSR-US summit in Reykjavik, which eventually allowed the nuclear arms race to slow down and greatly contributed to the end of the Cold War. Ironically, it comes out at a time when the nuclear arms race is back front and center.

Looking back to a more sensible time, Gorbachev reiterated that the Reykjavik summit was a major breakthrough. "First, we agreed on many issues and second, we managed to look over the horizon, see the perspective of a nuclear-free world," he said.

"It was very appealing that in the course of our negotiations President Ronald Reagan sincerely spoke about the necessity to rid the world of the weapons of mass destruction. We shared a common position on this issue."

Sadly, today that is no longer the case, and as we said over the weekend when we profiled the latest Russian nuclear escalation, the next move will be one by NATO and it will be proportional, as the west delivers even more nuclear weapons in close proximity to Russia in what will become a tit-for-tat "defection" from the game theoretical equilibrium, until the "accident, technical malfunction, madman or  terrorist" emerges and unleashes an unthinkable scenario.

Dobbs: Trump is a threat to the American establishment

Posted: 10 Oct 2016 05:50 PM PDT

 FBN's Lou Dobbs on why some GOP elites are having trouble supporting Donald Trump. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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"Why Do They Hate Us So?": One Western Scholar's Reply To A Worried Russian Student

Posted: 10 Oct 2016 05:30 PM PDT

Submitted by Michael Jabara Carley via Strategic-Culture.org,

I gave a lecture in Moscow during the spring about western-Soviet relations over the last century. With the partial exception of World War II, it is a narrative of unrelenting hostility. After I had finished, a student asked, «why do they hate us so?» The answer is not complicated. You cannot cross «da man» in the United States, that is, the powerful, wealthy US «deep state», which sets the rules for everyone else and enforces its worldwide hegemony against disobedient states and leaders.

You could not get more disobedient than the Bolsheviks. In November 1917, or October according to Julian calendar, they seized power in Russia and declared their intention to make a world socialist revolution. You can imagine the indignation and anger of the western powers, all at war with Imperial Germany, looking over their shoulders to see that revolution had erupted in Russia. It’s a complicated story but not everyone in the west reacted blindly to the Bolshevik seizure of power; none other than the British Prime Minister David Lloyd George thought the Entente should back the Bolsheviks against the Germans. His idea was an early prototype of the eventual Grand Alliance.

In 1918 there were few takers for that eccentric idea especially when the Bolsheviks annulled the tsarist state debt and nationalised banks and industries in which foreigners held billions in investments. In the west these actions struck at the heart of the capitalist world order, and for the next three years, the Entente sent money, arms and troops to overthrow the Soviet government.

The Bolsheviks acted as defenders of the revolution but also as defenders of Russia. It was an easy transition since the so-called Allies, had they succeeded in reversing Soviet power, would have established a Russian semi-colony, much as they sought to do in the 1990s. The Poles too were mobilised against Soviet Russia, launching an offensive in April 1920, with tacit French support, to re-establish their 18th century eastern frontiers, including the city of Kiev. The Polish plan did not work out as intended, the Bolsheviks fought back, portraying themselves as defenders of the traditional Russian state. Admittedly it was an incongruous role for world revolutionaries, but if you scratched the skin of most Bolsheviks, you would find defenders of Russian national security interests.

During the interwar years Soviet-western relations were almost always bad. The former Entente powers punished Soviet Russia for its refusal to pay the tsarist debts and compensate foreigners for nationalised property and equities. They applied economic sanctions to break the Soviet state where military force had not succeeded. The red scare, anti-Soviet electoral politics, and containment characterised US, British and French conduct during the 1920s. Those policies did not work. The Soviet government relied on its own resources to modernise its economy. Joseph Stalin’s policies were brutal and ruthless, but they led to the building of a powerful, industrialised state by the end of the interwar period.

During the 1930s the Soviet government, recognising early on the menace of Hitlerite Germany, proposed collective security to the western powers, in fact, a defensive anti-Nazi alliance. At first there was some western interest in Soviet ideas, but not for long. One by one, the USSR’s putative allies reverted to what one Soviet diplomat, Ivan M. Maisky, called Sovietophobia and Russophobia. Adolf Hitler portrayed Germany as a bulwark against communism, and the French and British elites played into his hands. As Maisky put it, the great question of the decade was «Who is enemy no. 1, Nazi Germany or the USSR?» With notable exceptions, ruling elites in Europe got the answer wrong.

You have to give Stalin credit for he stuck to collective security for six years, in spite of all the failures. Only in August 1939 did he abandon this policy when it became obvious that France and Britain were not serious about a war-fighting alliance against Nazi Germany. It was then that the Nazi-Soviet non-aggression pact was concluded. Western opinion was generally indignant, conveniently forgetting the Munich accords in 1938 and all the other western attempts to compose with Hitler. Even today Russophobic politicians, journalists and historians harp on the non-aggression pact to blacken Russia and its president Vladimir V. Putin. Such manipulations remind me of the Biblical parable of the mote and the beam. The west, then as now, should pull the beam out of its own eye before criticising the mote in the eye of Russia, Soviet or otherwise.

Unable to count on France and Britain, Stalin concluded a modus vivendi with Hitler, not to make an «alliance» with him, but rather as one scorpion wary of another might do, circling and raising its tail high, ready to strike. Stalin did not want to fight alone against the NaziGermany, but he outsmarted himself because, as it turned out, the USSR was obliged to fight almost alone against the Wehrmacht for three years from 1941 to 1944. This was the period of the Grand Alliance against the Axis powers.

I watched recently a Russian film about the Great Patriotic War. After some bloody fighting, one Red Army soldier asks another «what kind of allies are they, who let us do all the fighting against the Wehrmacht?» Not a bad question to ask. Perhaps it was unfair to Franklin Roosevelt, but not to Winston Churchill. FDR was a rare president who was able to keep at bay the Sovietophobic US «deep state». Churchill blew hot and cold about his Soviet allies, but as soon as the tide of battle turned against Hitler, he erupted about Russian «barbarians» and communist «crocodiles» even though some of his cabinet colleagues were scandalised.


In April 1945, it took the US «deep state» only a fortnight after the death of FDR to persuade his successor, Harry Truman, to call into question the Grand Alliance. It was also a fortnight after VE Day in May 1945 that Churchill received a copy of «Operation Unthinkable», a plan he requested to make war against the USSR, stiffened with ten German divisions.


The United States was quick to follow up with more realistic ideas on building up a West German «partial state» as the best way to contain or even roll back the Soviet presence in Europe. With the Marshall Plan in 1947, the United States was able to buy the loyalty of Western Europeans, transformed into dependent compradors. Stalin could not compete in that game of rich Uncle Sam, poor Uncle Joe.


Having greased the rails with the Marshall plan and CIA money, NATO was established in 1949. Soviet propaganda portrayed the NATO «allies» as mere US ciphers. Little has changed since then. Present day NATO members remain compradors, obedient vassals of the United States, rather than defenders of the national interests of the countries they represent.


It took another forty years for the USSR to collapse and disappear. That period was marked by visceral hostility, interrupted only by a brief period of cosmetic détente after the Cuban missile crisis in 1962. World War II had scarcely ended before the red scare and containment policies returned to the fore. It was Act II of the Cold War. In the 1980s the USSR tried to defeat an Islamic insurgency in Afghanistan supported by the United States. The Americans allied themselves with Islamist fundamentalists, most notably Osama bin Laden, portrayed as a hero then, who became a villain later. «Blowback», one American professor called it. Bin Laden was eventually shot by US Navy Seals in Pakistan. There were many other Wahhabis, however, to take his place.

After the disappearance of the USSR, you might think the Americans would have declared victory and then offered a hand to the Russian rump state under Boris Yeltsin,. who played court jester in President Bill Clinton’s White House. Yeltsin claimed he had no choice but to submit to the Americans, but of course he had a choice. In 1991 he and two other Soviet politicians plotted the dissolutionof the USSR for their own political purposes. They sold out the country which the Bolsheviks had defended, and for which 26 million soldiers and civilians died during the Great Patriotic War.

Yeltsin’s grovelling in Washington and his encouragement of his oligarchs’ looting of Russian national resources earned only American contempt. «Keep ‘em down» was the US policy; generosity was out. «We won, you lost,» the Americans proclaimed. Contrary to commitments made to the fatuous Mikhail S. Gorbachev about no NATO eastward expansion, NATO drove right up to Russia’s western frontiers.


In 2000 when Putin was elected president, he publically promoted security and economic cooperation with Europe and the United States. After 9/11, he offered real assistance to Washington. The United States accepted the Russian help, but continued its anti-Russian policies. Putin extended his hand to the west, but on the basis of five kopeks for five kopeks. This was a Soviet policy of the interwar years. It did not work then and it does not work now.

In 2007 Putin spoke frankly at the Munich conference on Security Policy about overbearing US behaviour. The «colour revolutions» in Georgia and the Ukraine, for example, and the Anglo-American war of aggression against Iraq raised Russian concerns. US government officials did not appreciate Putin’s truth-telling which went against their standard narrative about «exceptionalist» America and altruistic foreign policies to promote «democracy». Then in 2008 came the Georgian attack on South Ossetia and the successful Russian riposte which crushed the Georgian army.


It’s been all down-hill since then. Libya, Syria, Ukraine, Yemen are all victims of US aggression or that of its vassals. The United States engineered and bankrolled a fascist coup d’état in Kiev and has attempted to do the same in Syria reverting to their «Afghan policy» of bankrolling, supplying and supporting a Wahhabi proxy war of aggression against Syria. Backing fascists on the one hand and Islamist terrorists on the other, the United States has plumbed the depths of malevolence. President Putin and Russian foreign minister Sergei Lavrov have made important concessions, to persuade the US government to avert catastrophe in the Middle East and Europe. To no avail, five kopeks for five kopeks is not an offer the United States understands. Assymetrical advantages is what Washington expects.

One cannot reproach the Russian government for trying to negotiate with the United States, but this policy has not worked in the Ukraine or Syria. Russian support of the legitimate government in Damascus has exposed the US-led war of aggression and exposed its strategy of supporting Al-Qaeda, Daesh, and their various Wahhabi iterations against the Syrian government. US Russophobia is redoubled by Putin’s exposure of American support for Islamist fundamentalists and by Russia’s successful, up to now, thwarting of US aggression. Who does Putin think he is?

From my observations, I would reply that President Putin is a plain-spoken Russian statesman, with the support of the Russian people behind him. For five kopeks against five kopeks, he will work with the United States and its vassals, no matter how malevolent they have been, if they adopt less destructive policies. Unfortunately, recent events suggest that the United States has no intention of doing so. After one hundred years of almost uninterrupted western hostility, no one should be under any illusions.

*  *  *

So then, the question is «Why do they hate us so?»

Because President Putin wants to build a strong, prosperous, independent Russian state in a multi-polar world.


Because the Russian people cannot be bullied and will defend their country tenaciously.

«Go tell all in foreign lands that Russia lives!» Prince Aleksandr Nevskii declared in the 13th century: «Those who come to us in peace will be welcome as a guest. But those who come to us sword in hand will die by the sword! On that Russia stands and forever will we stand!»

ANONYMOUS - Government is classifying citizens for the NEW WORLD ORDER

Posted: 10 Oct 2016 04:24 PM PDT

 ANONYMOUS - Government is classifying citizens for the NEW WORLD ORDERWe are Anonymous.We are Legion.We do not forgive.We do not forget.Expect us. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,...

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How The "Perverse Economic Effects Created By ETFs" Are Setting Up The Next Crash

Posted: 10 Oct 2016 04:23 PM PDT

One of our favorite topics over the years has been observing the inversion of fundamental cause and effective, or rather, the reflexivity of synthetic, "passive" products such as ETFs and VIX, which in a normal world are driven by the value of their underlying securities, yet which in recent years have seen the direction of causality inverted, and where it is the value of the synthetic product that inluences the market price of its underlying constituents, or said simply, the "tail wags the dog." We have observed this phenomenon in both ETFs and VIX, the result of which has been even more confusion about whether fundamental causal links are even applicable any more.

This "inversion" is also one of the main points discussed by RBC's head of US cross-asset strategy, Charlie McElligott, who points out a recent FT article, and makes two stark observations.

To wit:


  1. In a world of manic factor crowding via the exponential growth of cheap passive index and smart beta products, get ready for the class-action lawsuits in a future-state. And:
  2. this is BEYOND GOLD as an example of "tail wagging dog" / "echo chamber" / "feedback loop amplification" from the market structure shift experienced within the industry over the past 10+ years:

"Steve Bregman, president of Horizon Kinetics, the New York investment adviser, points out that ExxonMobil, the oil company, is included not only in S&P index products, but in ETFs for active beta, momentum, dividend growth, deep value, quality and total earnings.


Between the second quarters of 2013 and 2016, Exxon had a revenue decline of 46 per cent, and earnings per share decline of 74 per cent and a debt increase of 129 per cent, which led to a share price increase of 4 per cent. Anything could happen to the energy industry or Exxon's fortunes, but a liquid index component can only go up."


Seriously…standing ovation.  Citizen Kane style. 

Fund Management: On the perverse economic effects created by ETFs (Financial Times)

By John Dizard

Oct. 10 (Financial Times) -- We have a consensus now in America that everyone deserves above-average investment returns, low risk and high liquidity.

These benefits, or rather, entitlements, should be delivered continuously at low cost, with no real or even apparent conflicts of interest on the part of portfolio managers.

If these benefits are not delivered, then the responsible portfolio managers, and any other complicit Wall Streeters, should be punished civilly and criminally, not only as institutions but as individuals.

If you think that is an exaggeration, wait until there is a severe or sudden decline in the value of equities, specifically exchange traded funds, and watch the consequent Congressional hearings. We still have some time before that happens, and before then every plausible form of indexed investing is going to take market share from active human managers.

I am opposed to this trend, because algorithms do not read newspaper columns or the advertising displayed next to them. So you should probably discount some of the doubts I raise as nothing more than arguments for my profession's interests.

The most serious risks arising from ETFs are the macro consequences of too much capital committed in too few places at the same time. The vehicles for over-concentration change over time, but the outcome is the same. Investors' cash goes to money heaven, and there is a pro-cyclical decline in productive investment.

Risk concentration always seems rational at the beginning, and the initial successes of the trends it creates can be self-reinforcing. Since US growth stocks such as Avon, the cosmetics company, Polaroid, the photography group, and IBM, the computer company, outperformed the market, growth-orientated portfolio managers raised more money in the early 1970s, which then led to more cash going to buy the same stocks.

There was some truth at the beginning of those story arcs, and so it is with indexed investing. Many "active" managers who are really formulaic hacks charge a lot of money to create the same herding risks, and provide little, if any, value added in the form of considered and effective capital allocation or liquidity provision.

Since the August 2015 flash crash of some ETFs, the SEC, the US regulator, and Wall Street have paid a lot of attention to market-structure problems created or exacerbated by the funds.

There has been less analysis, though, of some of the perverse economic effects created by ETFs or other forms of indexation. Index sponsors need stocks with a large float-adjusted market capitalisation, so index managers have a structural bias to a short list of large-cap S&P 500 stocks.

Steve Bregman, president of Horizon Kinetics, the New York investment adviser, points out that ExxonMobil, the oil company, is included not only in S&P index products, but in ETFs for active beta, momentum, dividend growth, deep value, quality and total earnings.

Between the second quarters of 2013 and 2016, Exxon had a revenue decline of 46 per cent, an earnings per share decline of 74 per cent and a debt increase of 129 per cent, which led to a share price increase of 4 per cent. Anything could happen to the energy industry or Exxon's fortunes, but a liquid index component can only go up.

Mr Bregman says: "The normal valuation for a lapsed growth company might be 12 to 15 times earnings. But all of the companies at the top of the S&P 500 have a valuation of 22 to 25 times earnings. If the indexation money comes out of them, they would be driven 25 to 50 per cent lower, relative to the market."

Such an unwind in the indexation/ETF regime will have political as well as financial consequences. Wall Street's probable next regulators from the Senator Elizabeth Warren wing of the Democratic party will not take long to make an aggressive move on asset managers.

As one Democratic activist reformer says: "This is why it is so critical to have the right person as chair of the Securities and Exchange Commission. Even though there are critical differences between the large asset managers and the banks, [companies] such as BlackRock do control and manage crucial parts of the financial infrastructure."

If, or when, indexed product sponsors have to face the consequences on the other side of monetary easing and a rising market, there are a lot of nominally active but low-performing managers who will also lose market share. Automated or semi-automated portfolio management offerings will be there to pick up that business.

Reportedly, Interactive Brokers, the brokerage, via its Covestor subsidiary, will be offering a set of five strategies for automated portfolio management, rebalanced quarterly, for a fee of 8 basis points.

So how much more value are human portfolio managers offering when they charge a premium to those machines?


Posted: 10 Oct 2016 03:29 PM PDT

 DID WIKILEAKS JUST END HILLARY CLINTON'S CAMPAIGN? 2,060 new leaked Podesta emails with over 50,000 to come! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers ,...

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The Election’s Already Over

Posted: 10 Oct 2016 03:05 PM PDT

This post The Election’s Already Over appeared first on Daily Reckoning.

Mindful of how the first presidential debate went, my wife and I settled in after dinner last night to perform our rightful civic duty.

We watched our Green Bay Packers host the New York Giants. Pretty good game; the Pack's offensive line made all the difference.

The second debate, you wonder? As with nearly everything else campaign-oriented this year, I followed events almost exclusively through the Twitter feed of freelance writer and VICE contributor Michael Tracey. It's about the only way I can retain my sanity…

The man has a point: The Second Vermont Republic is as close to a viable secession movement as exists in these United States.

And we daresay Mr. Tracey is not engaged in hyperbole when he speaks of "collapse." Not after seeing the post-debate missive from our own David Stockman this morning.

"The 2016 election campaign is over," he writes this morning at his revamped, subscriber-only Contra Corner. We felt it was worth giving you a peek.

"The establishment media have destroyed Trump's candidacy — not by refuting a single issue in his indictment of the status quo but by destroying the entirety of his already flawed character."

Yep. Was there anything we didn't already know about Trump's character before The Washington Postput those interview outtakes online late Friday?

Doesn't matter: The effect amounted to assassination by media, says David: The Post took out Trump "not because of his potty mouth and sophomoric locker room braggadocio, but because he dared challenge the War Party neocons who rule on the say of the poobahs who inhabit the Post's editorial suites."

And so it goes with the elite governing and financial classes — which nearly to a person have fallen all over themselves signaling their virtue this year by denouncing Trump.

The unanimity is breathtaking… and vociferous to the point of descending into parody. From an NBC "fact check" after the debate…

Factcheck NBC

Little wonder the elites are circling the wagons, says David: "For 30 years, they have mired the nation in war, debt, rampant financial inflation, economic failure and the suffocating rule of the Imperial City."

Trump threatened their rule. He had to be destroyed. Fortunately for them, he was a fatally flawed candidate and made himself an easy target.

But what now? "The next four years are destined to become a time of epic financial, economic and political failure," says David.

"The blame will fall directly on President (nearly elect) Hillary Clinton and our current ruling elites."

Here's the good news: David sees a massive political realignment materializing from that failure. "The chance is at hand for the ashes of economic and political failure to burn America's own Leviathan down to size.

"Indeed, from the grand political realignment now possible, there could emerge a new party of peace, prosperity and liberty. Just imagine that — a fresh-start party stripped of the neocon warmongers, the social-con morality police and the legions of beltway bandits and racketeers that populate both parties."

The problem is what happens between now and then — "the current drift toward fiscal bankruptcy, war with Russia and a thundering collapse of the Fed's giant financial bubble," as David describes it.

In other words, the collapse that would make the Second Vermont Republic look quite attractive, heh.

David warned about two of these dangers — the war with Russia part is a more recent development — in his massive 2013 tome The Great Deformation.

Now he's out with a shorter book called Trumped!: A Nation on the Brink of Ruin… and How to Bring It Back.


Dave Gonigam
for The 5 Min. Forecast

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Team Gold Needs To Get Over The Great Depression

Posted: 10 Oct 2016 03:03 PM PDT

New World Economics

Hillary and Her Harpies

Posted: 10 Oct 2016 02:21 PM PDT

This post Hillary and Her Harpies appeared first on Daily Reckoning.

This is starting to sound pretty ominous. The Washington War Party is coming unhinged and appears to be leaving no stone unturned when it comes to provoking Putin’s Russia and numerous others.

The recent collapse of cooperation in Syria — based on the false claim that Assad and his Russian allies are waging genocide in Aleppo — is only the latest example.

So now comes the U.S. Army’s chief of staff, General Mark Milley, doing his best imitation of Curtis LeMay in a recent speech dripping with bellicosity. While America has no industrial state enemy left on the planet that can even remotely challenge its economic might, technological superiority and overwhelming military power, General Milley unloaded a fusillade of bluster at the Association of the United States Army’s annual meeting in Washington DC:

“The strategic resolve of our nation, the United States, is being challenged and our alliances tested in ways that we haven’t faced in many, many decades,” Army Chief of Staff Gen. Mark Milley told the audience.

“I want to be clear to those who wish to do us harm … the United States military — despite all of our challenges, despite our [operational] tempo, despite everything we have been doing — we will stop you and we will beat you harder than you have ever been beaten before. Make no mistake about that.”

That is rank nonsense. We are not being “tested” by anyone. To the contrary, Imperial Washington is provoking tensions and confrontations everywhere —from the South China Sea to Syria, Iraq, Yemen, Libya, the Black Sea, the Baltics and Ukraine — that have no bearing whatsoever on the safety and security of the citizens of Spokane WA, Topeka KS and Springfield MA.

Indeed, the clear and present danger to peace and freedom in the homeland lies not in the machinations of foreign capitals, but in the arrogant and bombastic groupthink that has overtaken the denizens of the Imperial City.

The latter is again on display in the full-throated fulminations about the siege of Aleppo being emitted by the Washington War Party and its trained poodles in the establishment media — most especially the New York Times.

We are told that the Russian Air Force and Assad’s military are targeting schools, hospitals and the 200,000 or so civilians of Eastern Aleppo for indiscriminate bombing and slaughter. It’s shades of Benghazi 2011 all over again — an incipient genocide that Washington must stop in the name of R2P (Responsibility to Protect).

No it’s not!

What is happening in Aleppo is a raging sectarian civil war and a proxy battleground for the regional political maneuvers of Turkey, Saudi Arabia and Iran. They are none of America’s business and haven’t been since the so-called Arab spring uprising spread to Syria in 2011.

Indeed, Syria is a lawless, bombed-out, economically decimated failed state today owing to Washington’s heavy-handed intervention at the behest of the War Party’s bloody twin sisters. That is, the neocons and the R2P liberal interventionist claque around Hillary Clinton, including UN Ambassador Samantha Powers and National Security Council head Susan Rice.

We name names in this context for a reason. A nation of 22 million back in 2011, which had been reasonably stable in modern times under the authoritarian but secular rule of the Assad family, does not suddenly give rise to a human tsunami of 5 million refugees spilling all over the Mediterranean and Europe and to the reduction of virtually every one of its ancient cities and towns to rubble and rivers of blood on its own volition.

To the contrary, all of this mayhem was instigated by the War Party’s armchair warriors and the “indispensable” nation hegemonists in Washington. Literally billions in aid, weapons, munitions, training and logistics have flowed into Syria from all directions on the outside. And all of it was either financed by American taxpayers or by regional powers which have been armed and greenlighted by Washington.

The fact is, the Assad regime in Syria was from the same mold as the regime of Saddam Hussein in Iraq. Both arose out of military coups in the post-war period and espoused a secularist Arab nationalism. The aim was to stimulate economic progress and a renaissance of Arab culture under the leadership of a strong state and prodigious public sector, which in practice meant rule by economic bribery and heavy-handed police-state repression of dissent.

Still, it was the antithesis of jihadism and the religious fanaticism represented by the Wahhabism exported from Saudi Arabia, the various off-shoots of al-Qaeda and now the murderous caliphate established by ISIS in the Sunni lands of western Iraq and the Euphrates Valley of Syria.

The Assad regime in Syria, in fact, was the guardian of religious pluralism. The Assad family was from the minority Alawite branch of Shiite Islam, which was heavily concentrated in the northwest coastal provinces. Its coming to power broke a centuries old dominance of the majority Sunni population and was therefore welcomed by other minorities including Christians, Druze, Jews, Kurds, and countless more.

There is no denying that the rule of the Assad regime was harsh, but it was also absolutely par for the course among middle eastern governments before or since.

Of course, Saudi Arabia is the worst of all. You can be beheaded there for apostasy, infidelity, drug possession or insulting the king. Last year they chopped nearly 200 heads — even as the War Party claims Riyadh as an indispensable ally in the battle against the far less prodigious head-choppers of the Islamic State.

So when the uprising began in Syria during 2011 there was no reason for Washington to take sides — any more than there was in Libya. But in both cases false propaganda about allegedly imminent massacres of civilians by the incumbent regimes was deftly conveyed to the establishment media — especially CNN — by the various War Party think tanks and official agencies.

The subsequent slide down the slippery slope of regime destruction did not take long. Thanks to Hillary’s harpies of war, the White House’s bombing campaign resulted in the butchering of Khadafy within the year, and Libya’s descent into the anarchy of rule by warlords and jihadist killers that has metastasized since then.

And that brings us back to Syria and Aleppo. Whatever the merits of the original peaceful protests against the Assad government in the spring of 2011, the movement turned violent and quickly descended into civil war only because of the flow of fighters, arms and agitators from outside of Syria.

The first of these was the so-called Free Syrian Army (FSA), but that was a creation of Turkey and the Washington regime change advocates who wanted Assad gone. Erdogan wished to eliminate Assad because he was unwilling to suppress the large Kurdish population on Turkey’s border, while Washington’s motivation was no less untoward.

It’s beef against Assad had nothing to do with humanitarian considerations, but, instead, was all about Washington’s fatwa against Iran. The latter was allied with the Assad government based on the confessional politics of the Shia/Sunni divide, but when it comes to Washington’s imperial writ, the sovereign state of Syria was not entitled to a foreign policy and alliances of its own choosing.

Accordingly, Turkey provided sanctuaries for the FSA inside its borders, allowed fighters and arms to move freely to the FSA training camps and staging areas and provided safe transit of soldiers and supplies across its borders into Syria. In fact, after the Libyan regime fell, the CIA opened up Khadafy’s arsenals and transshipped weapons to Turkey through what was called the “ratline”. That’s what we going on in the CIA annex in Benghazi when Ambassador Stevens was killed.

Needless to say, the Assad regime reacted brutally to this militarized attack on its very existence, and thereby begat the “humanitarian crisis” which is the inexorable result of civil war prosecuted with modern weaponry in dense urban areas. So without missing a beat, the liberal interventionist faction of the Obama White House was also soon beating the war drums on R2P grounds.

Meanwhile, the so-called “moderate” FSA fighters armed and enabled by Turkey were allied with the Moslem Brotherhood.

Moreover, still other so-called rebel factions have been recruited, trained and armed by the CIA in camps based in Jordan. For the most part these fighters, when they eventually get to the battlefronts in Syria, have tended to sell or abandon their weapons, disappear across the Turkish border or defect to the Nusra Front and even ISIS.

Last summer, in fact, the 55 fighters recruited and vetted under a $500 million Congressional authorization were gone within weeks. Their commander and his deputy was captured during their first day on the battlefield, a dozen or so were killed and the rest defected. Worse still, within days jihadist fighters showed up on propaganda videos brandishing their brand new American weapons.

Is it any wonder that Syria has become hell on earth? Or that what remains of Eastern Aleppo is crawling with Jihadist radicals aligned with Nusra Front? Or that they have attempted to use the 200,000 or so remaining civilians as human shields?

The whole thing is madness. Yet at this very moment Washington is risking a military clash with Russia owing to the breakdown of the truce in Aleppo, and a renewed campaign to establish a no fly zone in the immediate area.

Really? The U.S. Air Force is going to shootdown Russian bombers to protect civilians in a small part of what is left of Aleppo who are being used as human shields by affiliates of the Muslim Brotherhood and al-Qaeda?

Madness indeed.


David Stockman
for The Daily Reckoning

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The post Hillary and Her Harpies appeared first on Daily Reckoning.

5 Things To Watch For

Posted: 10 Oct 2016 01:43 PM PDT

This post 5 Things To Watch For appeared first on Daily Reckoning.

New to the Daily Reckoning? Long-suffering reader? Either way, your time is valuable and there’s more to sift through online than ever before.

At the Daily Reckoning we’ve filtered through the noise and garbage so you don’t have to.

We want to begin bringing you 5 things to watch each week.  Starting Monday, these points will be brief in description and allow you to take on the news in review and know exactly what to watch for going forward.

1. China Fixes Yuan at Six-Year Low Against the U.S. Dollar (WSJ)

"The yuan entereChina Yuand the basket of currencies backing the IMF's special drawing rights, an international reserve currency, on Oct. 1."

"The People's Bank of China set its daily reference rate for the yuan at 6.7008 against the U.S. dollar, a depreciation of 0.3% from its last fixing of 6.6778 on Sept. 30, before the National Day holiday. Monday's fixing was the weakest level for the currency since September 2010." As China has entered into the Special Drawing Rights (SDR) basket, or world money, this story a fast moving one.

For more on China's central bank moves click here.

2. "The Election is a Tossup, But Bet on Gold: Ron Paul" (CNBC)

ron-paul-gold“If the economy is truly getting better, that would be better for gold long-term,” said Paul.

“Short-term gold has taken a big hit and it could very well go down more, but it’s still up 10 percent from a year ago.”

For more on former U.S. Representative Ron Paul's take on the elections and markets see the full interview here.

3. Draghi Points to 2019 as Time for Inflation Mission Accomplished (Bloomberg)

"While the Frankfurt-based ECB hasn't met its own definition of its mandate on inflation since early 2013, an unprecedented wave of stimulus measures during Draghi's tenure including the current asset-purchase pace of 80 billion euros per month ($90 billion) has helped keep the currency bloc away from outright deflation. Draghi's comments imply that fresh staff forecasts due in December — which build-in the impact of current stimulus — will show a 2019 inflation rate in line with the goal."

While the head of the European Central Bank, Mario Draghi might be overstretched and dreaming, catch the full Bloomberg take here.

4. Saudi Arabia Launches Bond Deal As Oil Spikes Above $50 On Latest Chatter Of Russia, Saudi Output Freeze (ZeroHedge)

After the most recent OPEC meeting in Algiers Bloomberg charted the following rise:

opec-oil-meetingsNow the minds at ZeroHedge have noted "the oil spike will continue at least until the Saudi deal is successfully priced…"

For more on the spike figures check them out here.

5. IMF Says Global Debt Tops $152 Trillion (Reuters)

The IMF released its Fiscal Monitor for October 2016 titled "Debt – Use it Wisely" (find the full report here).

The Reuters report noted, "While the United States has de-leveraged since the 2008-2009 financial crisis, the report cited the buildup of private debt in China and Brazil as a significant concern, fueled in part by a long era of low interest rates."

For more on on the trillions in worldwide debt that Reuters reported you can find it here.

Stay tuned for next weeks update.  Until then, we leave you with these wise words from best selling author and economist, Jim Rickards:


Craig Wilson, @craig_wilson7
for the Daily Reckoning

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Gold Daily and Silver Weekly Charts - Tom and Daisy or Lord and Lady Macbeth

Posted: 10 Oct 2016 01:27 PM PDT

5 Deals to Make America Great

Posted: 10 Oct 2016 12:20 PM PDT

This post 5 Deals to Make America Great appeared first on Daily Reckoning.

There are 28 days until election 2016. After the latest debate, essential questions and even more serious answers are desperately needed. In David Stockman's latest masterpiece, "Trumped! A Nation on the Brink… And How to Bring it Back" he provides 10 deals that the next leader must make in order to set America on the right trajectory.  

These deals are only a small part of a book that gets to the heart of a failed economic recovery and a political system that continues to be rigged, leaving what he calls Flyover America behind.  While Stockman offers deals, he goes the next step and offers a pointed method of how we get there.

The country is seeking answers – so below are 5 deals with 5 specific questions built from the narrative Trumped! has inspired that the moderator should have asked.

1. Jobs.

The economy has flatlined.  Production numbers are miniscule. While the short term, temporary workforce may be pushing numbers, real "paying" jobs are falling behind.

What type of plan can you implement to jumpstart "breadwinner" jobs in America?

2. Peace.

After two of the longest wars in modern American history, the government has stretched itself thin.  Far too thin.  These wars have cost the American people in lives lost, erosion of credible soft power and has piled on trillions in added debt burden. How will you, as the next president, be an agent of comprehensive and sustainable peace?

3. Banking.

The era of crony capitalism and casino money on Wall Street has driven the American economy to the edge of collapse.  While the financial crisis of 2008 may have brought about Dodd-Frank, it was not anywhere close to being a real solution for decades long banking failures.  

Why is your plan going to bring the era of massive financial crisis to an end, and how will it ensure actual "too-big-to-fail" banking reform?

4. Governance.

The supreme court ruling on Citizens United has left the majority of the country scorned on all things government.

As the country pleads for nuance in our election systems, how are you going to improve federal elections, career politician cronyism and the dangerous role of money in politics?

5. Monetary Policy.

The Federal Reserve has become a political institution that exceedingly acts well beyond its mandate.  As an institution it seemingly neglects the main street economy. It serves at the beckoning of Wall Street.

In the face of bubble finance, fiat currency, an endless inflation crusade and a business sector constantly being bombarded by reactionary Fed policy – What actions will you take to ensure a more secure economy for the future?

These questions inspired by Stockman's latest book, Trumped! might scratch the surface to a system that has been built around the Wall Street – Washington elite, but they are a true starting point.  By no means is David Stockman's latest publication a living testimonial for Trump's candidacy.  In fact, Stockman points out the areas in which the Donald advocates are "wrong-headed" or outright indefensible. However, he does credit the candidate as a starting point in conversation where our political status-quo can be thrown out because the existing norms of Bubble Finance on Wall Street and recklessness in Washington compromises us all.

As David Stockman told Max Keiser during a recent interview, "We have had a regime of thirty years worth of war, debt soaring in the United States, a Fed that is out of control, bubble finance on Wall Street, redistribution to the top one percent, failure of the economy and jobs in flyover America. People are fed up and that is why we are having a sudden rebellion of the rubes throughout America."

The onslaught of controversial leaks, statements and videos might be relevant to a greater national conversation but they don't get to the heart of a policy starved country.  These themes and questions offer a starting point, the candidates and policy makers must drive real solutions in order to cross the finish line first. In a world of fiat currency failures, an economy nowhere close to real employment rates and wild market swings – debate discourse deserves policy focus.  It warrants Stockman's critiques and requires his analytic based solutions.

Until then, we can hold our breath hoping questions like these are asked at the next and final debate before November 8th.


Craig Wilson, @craig_wilson7
for the Daily Reckoning

P.S. We have already gone ahead and reserved free autographed copies for Daily Reckoning readers. Click right here to learn how to claim it.

David Stockman Trumped!

Inside, you'll learn…

  • Mathematical proof that the S&P 500 is set to soon fall by 40% soon — if you understand this, there are some simple ways to protect yourself and even make some nice, safe profits (Page 238)
  • On Page 31, I'll show you the 10 steps that whoever is elected needs to implement to save America. If most of these aren't taken in the next administration, you'll want to be sure to follow the instructions that I detail below them
  • Five popular American stocks currently being touted on TV, in newspapers and on the internet. But on Page 377, you'll discover why you should avoid them like the PLAGUE
  • The coming U.S. revolt that Brexit foreshadows. This is must-read material BEFORE you walk into the voting booth (Page 282)
  • The one simple step could prevent a 2008-type financial crisis from ever happening again. If it's not implemented, avoid the investments on Page 251
  • The reason why gold will not only retest $1,950 — but go MUCH, much higher. Page 305
  • What the market will do in the weeks LEADING UP to the election. It's a great opportunity for you to make some nice profits if you trade volatility. Page 221
  • The truth about the future of fixed-income investments: Why most popular income plays will be crushed and most fixed income and government bonds are grossly overvalued. I'll show you by how much… why the bond and fixed-income bubble will soon pop… and which particular area of this market is most vulnerable when it does. All starting on Page 261.

Click here to fill out your address and contact info. If you accept the terms, the book will arrive at your doorstep in just a few weeks.

The post 5 Deals to Make America Great appeared first on Daily Reckoning.

Obama - 8 Years of Lying

Posted: 10 Oct 2016 12:00 PM PDT

 Best seller 'The People vs Muhammad' is now ON SALE at Amazon for up to 17% off the retail price!!! Get your copy today, stocks are limited! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,...

[[ This is a content summary only. Visit http://www.newsbooze.com or http://www.figanews.com for full links, other content, and more! ]]

This Past Week in Gold

Posted: 10 Oct 2016 08:02 AM PDT

Technical analyst Jack Chan charts the latest movement in the gold and silver markets, noting the cycle has reversed down.

Trump Attacks Republicans Abandoning His Campaign - Clinton Vs Trump - America's Newsroom

Posted: 10 Oct 2016 07:44 AM PDT

Trump Attacks Republicans Abandoning His Campaign - Clinton Vs Trump - America's Newsroom The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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3 Insanely Strong Sectors for a Choppy Market

Posted: 10 Oct 2016 07:10 AM PDT

This post 3 Insanely Strong Sectors for a Choppy Market appeared first on Daily Reckoning.

Frustration is hovering near all-time highs as investors are forced to endure another choppy week for stocks.

The major averages have yet to break out or break down after a record-breaking summer lull. One of the quietest trading periods ever has devolved into another chop-fest. The major averages have widened their trading ranges. But they've made no progress in more than a month.

Despite the choppy action in the major averages, we've argued that the market is shifting to "risk-on" mode while most investors are cowering the corner. Our theory is based on the fact that investors are ditching safety plays like utilities and consumer staples stocks that were so popular earlier in the year. Even gold—the ultimate fear trade—is facing a harrowing breakdown this month.

On the flip side, leading stocks are acting healthy and the major averages are near their highs. But investors just don't care. They want nothing to do with this market. LPL Financial strategist Ryan Detrick notes that bearish and neutral readings in the American Association of Individual Investors poll have combined to average more than 72% this year. You have to go back 26 years to find the last time investors were that cautious, Detrick says.

The herd has a terrible track record when it comes to calling market tops. This time is probably no different.

With that in mind, we'll continue to stick to the strongest sectors on the market in our search for consistent, double-digit gains.

Here are three insanely strong sectors you need to watch this week:

1. Brokers Love the "Trader Churn"

False breakouts suck. There's no bigger headache on the market. Traders hate it when they have to immediately reverse course on a play due to a fake-out move.

But you know who loves a choppy market? Your broker.

The big online brokers don't care if you ever make a buck. But they do love it when you're buying and selling stocks at a furious pace. Every time a spooked investor hits the panic button and sells all of his stock, a broker gets his wings.


The Broker/Dealer Index has absolutely crushed the market over the past three months. It's up more than 18% over this timeframe, compared to a gain of just 2.6% in the S&P 500.

Stocks like TD Ameritrade (NASDAQ:AMTD) and E*Trade Financial Corp. (NASDAQ:ETFC) are leading the charge…

2. Banks Storm Back

Bank shareholders have it bad. They've suffered through countless scandals since the financial crisis first began more than eight years ago. Thanks to ZIRP, the entire financial sector has lagged the market since 2009. In fact, financials are the only major sector that has yet to regain its 2007 highs.

But bank stocks are starting to storm back. Just check out the S&P Bank ETF. It's up more than 15% over the past three months alone:


We all know record-low interest rates have punished banks. Believe it or not, central bankers are even starting to figure this out…

"The Bank of Japan a couple of weeks ago decided to focus on a steeper yield curve to help Japanese banks and insurers," John Murphy explains over at his Stockcharts.com blog. "The media is now reporting that some ECB governors are starting to rethink their negative rate policy because it’s hurting European banks. With European banks down 20% this year, economists are beginning to think that negative rates have hurt bank profits. Imagine that."

Who'd a thunk it?

3. Semiconductors Soar

Semiconductors have slapped around the rest of the market since they fought off their lows and broke out to new 2016 highs all the way back in June.

Semiconductors were the ultimate snapback trade for a market melt-up—especially when you consider the sector's lagging performance leading up to its big breakout. Investors couldn't sell these names fast enough last summer. Semiconductors began badly lagging the broad market as soon as the second quarter kicked into gear.

That was a bearish sign for stocks. Why? Semiconductors have matured into an important economic barometer. And one year ago, the start of the big "semi slide" was the canary in the coal mine for the broad market's big leg lower that began just two months later.

After the semiconductor crash, these stocks stumbled along with major averages as they continued along their range-bound chop fest.

But this year, semiconductors have quickly snapped back to life. The sector took the lead from the S&P 500 back in May. After the Brexit bottom, it punched the gas.


Semiconductors are now up a staggering 23% in only three months. That not just bullish for the tech sector—but the market as a whole.


Greg Guenthner
for The Daily Reckoning

P.S. Profit from battered down stocks — sign up for my Rude Awakening e-letter, for FREE, right here. Never miss another buy signal. Click here now to sign up for FREE.

The post 3 Insanely Strong Sectors for a Choppy Market appeared first on Daily Reckoning.

Gold Trading COT Report “Means Lower – Then Much Higher – Prices Coming”

Posted: 10 Oct 2016 06:39 AM PDT

The gold trading Commitment of Traders (COT) report, released Friday, shows the peculiarly timed gold sell off and much needed wash out of speculative longs out of the gold futures market last week sets gold up for lower prices, prior to moving higher again.

Gold miner Randgold hits out in Mali tax dispute

Posted: 10 Oct 2016 05:42 AM PDT

This posting includes an audio/video/photo media file: Download Now

Gold and Silver PM Stocks Indices at an Emotionally Challenging Juncture

Posted: 10 Oct 2016 03:56 AM PDT

This past week there was some panic selling in the PM complex which is what we need to see happen to put in an important low. The HUI hit the 50% retrace at 195 for this first leg up in its new bull market, just under 200, which is an important physiological round number. Many times investor will place their sell/stops just under a round number like 40, 50 or 200 for instance, thinking if a stock drops below that important round number it’s time to exit that position. Many times a drop below these round numbers can be the reversal point for the next rally in the case of an uptrend.

The Wolves Get the Golden Fleece as the Sheep Get Shorn One More Time

Posted: 10 Oct 2016 03:00 AM PDT

The Gold Report

Gold – Commitments of Traders – hedge fund longs liquidate

Posted: 10 Oct 2016 01:10 AM PDT

Fortunately for we traders, the Commitments of Traders report did at least catch the big move lower on Tuesday of this week so we were able to get a peek inside the market to see what happened to those massive hedge fund long positions during this week’s meltdown in the gold price. Here is the first chart. Hedge fund outright positions.

The Growing Threat of a Deflationary Meltdown and a Big Dollar Rally

Posted: 10 Oct 2016 01:09 AM PDT

Clive Maund

The Wolves Get the Golden Fleece as the Sheep Get Shorn One More Time

Posted: 10 Oct 2016 01:00 AM PDT

Bob Moriarty of 321 Gold discusses how best to play the correction currently underway in the precious metals markets.

Presidential Election and Bear 'Super-Cycle' Stifle Growth in Markets

Posted: 10 Oct 2016 01:00 AM PDT

Contrary to what a number of gold bugs have observed, other experts believe recent drops in the gold price are not a bull market correction, but rather reflect a market stuck in a commodity bear "super-cycle." Coupled with a gloomy end-of-year outlook for stock markets, precious metals and miners could be in for a rough Q4.

Stock Market Down Monday?

Posted: 09 Oct 2016 11:56 PM PDT

The SPX could take a plunge Monday, but the set up is there for a nice rebound into October 14th.  I think we finally get my False Break of the Rising Wedge and the rebound that takes us above 2200 SPX. October 14th should be the high for the year. GDX and the gold complex are due for a nice rebound rally, but much damage has been done.  A move back into the mid 26.00 area for GDX is the minimum expectation for an October 18 top.  It may take a couple of more days to get kick started as the buyers are hesitant and selling into rallies. 

Breaking News And Best Of The Web

Posted: 09 Oct 2016 07:37 PM PDT

Another pretty good US jobs headline, followed by skeptical analyses. Deutsche Bank fails to negotiate a lower fine with the US, may have to raise capital on extremely unfavorable terms. British pound plunges. Global debt soars. Gold and silver up as speculator longs unwinding. Trump threatens to jail Clinton if he wins.   Best Of […]

The post Breaking News And Best Of The Web appeared first on DollarCollapse.com.

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