Jul 27


Chinese Stocks Suffer Second Biggest Crash In History, 1,500 Companies Halted Limit Down (ZeroHedge, July 27, 2015):

This was not supposed to happen.

After pledging, investing and otherwise guaranteeing the Chinese stock market to the tune of 10% of GDP, and intervening on at least 40 different occasions in the past month ever since China’s stock bubble burst in late June, with the subsequent crash nearly taking the Shanghai Composite red for the year, overnight China officially lost control for the second time, when after a weak start to the Monday trading session, things turned very ugly in the last hour, when the Shanghai Composite plunged by 8.48%, closing nearly at the lows, and tumbling some 345 points for its biggest one-day drop since February 2007 and its second biggest crash in history!

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The selling was steady throughout the day, but spiked in the last hour on concerns China would rein in its market-supporting programs following IMF demands to normalize its relentless market intervention. According to Bloomberg’s Richard Breslow: “fear that the extraordinary support measures employed to hold up the market may be scaled back caused heavy afternoon selling resulting in a down 8.5% day.” Of course, one can come up with any number of theories to explain the plunge: for example the PBOC did not buy enough to offset the relentless selling. Continue reading »

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Jul 27

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“Uncontained” Shanghai Shafting Slams Global Stocks & Commodities Silly (ZeroHedge, July 27, 2015)

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Jul 27

 

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Poland, Czech Republic Won’t Join “Burning” Euro (ZeroHedge, July 27, 2015):

With the turmoil in Greece proving once and for all that in the absence of a fiscal union, the EMU simply cannot function or if it does, it will be subject to episodic crises stemming from endemic differences of opinion on fiscal policy, outsiders could be forgiven for looking upon the currency experiment as an abject failure.

Indeed, the struggle to secure a bridge loan for Athens last week underscored the degree to which non-euro countries are reluctant to put their taxpayers on the hook for problems which they believe are the result of an ill-fated attempt to unite fundamentally different economies and governments under a single currency.

Given the above, we weren’t surprised to learn that Poland and the Czech Republic are out voicing their reservations about running into what is effectively a burning building. Here’s The Telegraph on Poland:

Poland will not join the euro while the bloc remains in danger of “burning”, its central bank governor said. Continue reading »

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Jul 27

witch hunt

What Loss Of Control Looks Like: Chinese Regulator Urges Traders To Rat Out “Malicious Sellers” (ZeroHedge, July 27, 2015):

After pledging a whopping 10% of China’s GDP, or just about $1 trillion, to its various (at last check over 40) discrete measures to prop up its collapsing market, among which such threats as arresting shorters of stock and “malicious sellers”, China has finally reverted to what the communist regime does best to preserve “order” – implement witch hunts in which the population rats out any criminals who dare to go against the protocols of the communist party. In this case, the targets are “malicious sellers” with the regulator adding that those found guilty of shorting will be “dealt with severely.”

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Jul 27

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Concerned About “Treason” Charges, Varoufakis Issues Public Statement On “Cloak And Dagger” Drachma “Plan B” (ZeroHedge, July 27, 2015):

Over the weekend, the media world was abuzz with the leaked recording made during a July 16 “Greek Day” meeting by the Official Monetary and Financial Institutions Forum (OMFIF) which included a group of sovereign wealth funds, pension funds, and life insurers  in which it was reveaked that Yanis Varoufakis had been in the process of preparing Greece for a cloak and dagger “Plan B” which included as its highlight a process for returning to the Drachma.

Previously we presentted both the Kathimerini framing of this leak, as well as the recording itself (which was hardly supposed to be made public).

Overnight, the Telegraph’s Ambrose-Pritchard reported that “Mr Varoufakis told the Telegraph that the quotes were accurate but some reports in the Greek press had been twisted, making it look as if he had been plotting a return to the drachma from the start.   

“The context of all this is that they want to present me as a rogue finance minister, and have me indicted for treason. It is all part of an attempt to annul the first five months of this government and put it in the dustbin of history,” he said.

It totally distorts my purpose for wanting parallel liquidity. I have always been completely against dismantling the euro because we never know what dark forces that might unleash in Europe,” he said. Continue reading »

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Jul 27

–  “Rammed” – Fiat Chrysler Forced To Buy Back 500,000 Pickup Trucks From Customers In Historic Settlement (ZeroHedge, July 27, 2015):

In a stunning ruling, US safety regulators have mandated that Fiat Chrysler must offer to buy back from customers more than 500,000 Ram pickup trucks and other vehicles as part of a costly deal with safety regulators to settle legal problems in about two dozen recalls. As WTOP reports, this is the biggest such action in US history, and is in addition to a $105 million civil fine and owners of more than a million older Jeeps with vulnerable rear-mounted gas tanks will be able to trade them in or be paid by Chrysler to have the vehicles repaired. Think the punishment is harsh, consider that at least 75 people have died in crash-related fires, although Fiat Chrysler maintains they are as safe as comparable vehicles from the same era.

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Jul 27

Quadriga

– Goodbye Troika: Germany Rides Into Its Greek Colony On The “Quadriga” (ZeroHedge, July 27, 2015):

With creditors’ motorcades having officially returned to the streets of Athens in the wake of Greek lawmakers’ approval of the second set of bailout prior actions last Wednesday, tensions are understandably high.

After all, these are the same “institutions” which Yanis Varoufakis famously booted from Greece after Syriza swept to power in January, and they’ve come to represent the oppression of the Greek people and are now a symbol of the country’s debt servitude.

Although an absurd attempt was made to rebrand the dreaded “troika” earlier this year, the new and rather amorphous moniker – “the institutions” – never really stuck and perhaps because everyone involved felt the need to put a new name to the group that Greeks regard as the scourge of the Aegean in order to make negotiators feel safer on their trips to Athens, creditors have now added the ESM to their collective and rebranded themselves “The Quadriga.” 

Apparently (and unfortunately), this is not a joke. Here’s MNI: Continue reading »

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Jul 27

US Recession Imminent – Durable Goods Drop For 5th Month, Core CapEx Collapses (ZeroHedge, July 27, 2015):

Durable Goods new orders has now fallen 5 months in a row (after revisions) flashing a orangey/red recession warning. After 2 weak months, Durable Goods bounced more than expected in June (+3.4% vs +3.2% exp) – though non-seasonally-adjusted dropped 3.1% MoM. There was an  unexpected drop in Capital Goods Shipments non-defense Ex-Air which fell 0.1% (against expectations of a 0.6% rise), but mosty worrying is that Core CapEx collapsed 6.6% YoY – the second biggest decline since Lehman.

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Jul 27

The Full Audio Recording Of Varoufakis’ Drachma Plan B (ZeroHedge, July 27, 2015):

On Sunday, in “Reports Of Secret Drachma Plots Leave Tsipras Facing Fresh Crisis“, we outlined an alleged “cloak and dagger” (to use Ambrose Evans-Pritchard’s words) plot spearheaded by Yanis Varoufakis, to set up a parallel banking system for Greece that could be activated in the event pressure from Brussels and the ECB crippled the country’s ability to transact in euros.

According to a recorded teleconference between the former FinMin and “international hedge funds” heard by Kathimerini, Varoufakis planned to create secret accounts using tax filer numbers for individuals and corporations which he would obtain by hacking into the troika-controlled General Secretary of Public Revenues. Greeks would be made aware of the accounts’ existence in the event the banking system ceased to function altogether, and Athens would effectively facilitate payments through the new system in defiance of the EMU. Clearly, this would not have been well received by Brussels – especially the bit about hacking their software – but ultimately, because the new system would be entirely controlled by Varoufakis’ finance ministry, it could be converted to the drachma immediately. Continue reading »

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Jul 27

The Complete Guide To China’s CNY 4 Trillion Margin Doomsday Machine (ZeroHedge, July 27, 2015):

On the heels of a veritable bloodbath in Chinese equities overnight which saw the SHCOMP slide a harrowing 8.5%, the entire world is now beginning to take a hard look at the notion that dramatic bouts of selling pressure are aggravated and perhaps triggered by an unwind in the multiple backdoor margin lending channels that allowed investors to skirt official restrictions on leverage and helped to drive the market’s world-beating rally. Here is the complete guide to China’s CNY4 trillion shadow margin edifice.

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Jul 27

Flashback:

Coming Derivatives Crisis Designed To Destroy The Entire Global Financial System: $600 TRILLION To $1.5 QUADRILLION Worldwide Derivatives Market – World GDP At Around $65 Trillion

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JPMorgan Employee Who Invented Credit Default Swaps is One of the Key Architects of Carbon Derivatives, Which Would Be at the Very CENTER of Cap and Trade


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The total notional derivatives value is about $1.5 quadrillion – about 20% more than in 2008. (Image credit: icmu.nyc.gr)

$1.5 Quadrillion Time Bomb (The Real Agenda News, July 26, 2015):

When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives.

Along with credit default swaps and other exotic instruments, the total notional derivatives value is about $1.5 quadrillion – about 20% more than in 2008, beyond what anyone can conceive, let alone control if unexpected turmoil strikes.

The late Bob Chapman predicted it. So does Paul Craig Roberts. It could “destroy Western civilization,” he believes. Financial deregulation turned Wall Street into a casino with no rules except unrestrained making money. Catastrophic failure awaits. It’s just a matter of time. Continue reading »

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Jul 27

Patriot-Act-is-Back

Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

Falsifying History In Behalf Of Agendas (The Real Agenda News, July 23, 2015):

By Dr. Paul Craig Roberts

In an article on April 13 I used the so-called Civil War and the myths with which court historians have encumbered that war to show how history is falsified in order to serve agendas. I pointed out that it was a war of secession, not a civil war as the South was not fighting the North for control of the government in Washington.

As for the matter of slavery, all of Lincoln’s statements prove that he was neither for the blacks nor against slavery. Yet he has been turned into a civil rights hero, and a war of northern aggression, whose purpose Lincoln stated over and over was “to preserve the union” (the empire), has been converted into a war to free the slaves. Continue reading »

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Jul 27

Red-Blood-Cells

INVESTIGATION: Three days before Dr. Bradstreet was found dead in a river, U.S. govt. agents raided his research facility to seize a breakthrough cancer treatment called GcMAF (Natural News, July 27, 2015):

The history of the suppression of medical science in America is a long one, filled with true accounts of pioneering doctors and clinicians being threatened, intimidated and even assassinated in order to bury emerging cures and keep the “sick care” industry in control. (The American Medical Association, for example, has been found guilty by the U.S. federal courts of a conspiracy to destroy the chiropractic industry, by the way.)

Over the last few days, we’ve learned that before being found shot in the chest and floating in the river, pioneering medical researcher Dr. Bradstreet was working with a little-known molecule that occurs naturally in the human body. Called, “GcMAF”, this molecule has the potential to be a universal cancer cure for many people. It has also been shown to reverse signs of autism in the vast majority of patients receiving the treatment. Continue reading »

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Jul 27

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The lost interview with the late Dr. Nicholas Gonzalez: Chemotherapy drugs are derived from World War I nerve gas chemicals (Natural News, July 26, 2015):

Natural News contributor Jonathan Landsman has just publicly published a “lost” interview with Dr. Nicholas Gonzalez, the holistic cancer treatment doctor who passed away earlier this week.

This video interview, never before released to the public, reveals truly mind-blowing information about the failure of chemotherapy and why holistic approaches to cancer treatment work far better than chemo.

The complete interview is revealed below. To access a massive library of other private interviews with pioneering doctors and healers, join the NaturalHealth365 Inner Circle, featuring an astonishing 300 exclusive interviews with the industry’s greatest pioneers.
Continue reading »

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Jul 27


Published on Jul 24, 2015

Description:

http://innercircle.naturalhealth365.com presents an exclusive interview with the late Nicholas Gonzalez, MD – one of the finest examples of a true physician (teacher) and healer.

Dr. Gonzalez reveals the unspoken history of chemotherapy; news about its side effects that Western medicine has ignored for decades and, most importantly, what you need to know about its success rate – unreported by the mainstream media.

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Jul 27


Jul 24, 2015

Description:

http://scienceblogs.com/insolence/fil…

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Jul 27

They had a heart attack gun back then …

CIA Whistleblower talks about the Heart Attack gun (Video)

Nowadays it is much easier for them to give unwanted people a heart attack.


Dr-Nicholas-Gonzalez-Smile

Holistic cancer treatment pioneer Dr. Nicholas Gonzalez dies suddenly; patients mourn the loss of a compassionate, innovative doctor who helped thousands heal from cancer (Natural News, July 23, 2015):

Holistic cancer treatment pioneer Dr. Nicholas Gonzalez died earlier this morning, apparently from a heart attack, according to reports Natural News has received from close friends. Dr. Gonzalez is best known as a pioneering holistic cancer treatment doctor who helped many thousands of people overcome cancer through the use of complementary and holistic treatment protocols.

“It is with great sadness that the office of Nicholas J. Gonzalez, M.D. relays news of his untimely death on Tuesday, July 21, 2015. The cause of death was cardiac related, it appears, as he suddenly collapsed and was unable to be revived. Dr. Gonzalez was in excellent health otherwise so his passing is quite unexpected,” reports the Dr. Gonzalez website. Continue reading »

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Jul 27

In These 13 US Cities, Rents Are Skyrocketing (ZeroHedge, July 26, 2015):

Seven years ago, the American homeownership “dream” was shattered when a housing bubble built on a decisively shaky foundation burst in spectacular fashion, bringing Wall Street and Main Street to their knees.

In the blink of an eye, the seemingly inexorable rise in the American homeownership rate abruptly reversed course, and by 2014, two decades of gains had disappeared and the ashes of Bill Clinton’s National Homeownership Strategy lay smoldering in the aftermath of the greatest financial collapse since the Great Depression.

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In short, decades of speculative excess driven by imprudence, greed, and financial engineering and financed by the world’s demand for GSE debt had come crashing down and in relatively short order, a nation of homeowners was transformed into a nation of renters.

It wasn’t difficult to predict what would happen next. Continue reading »

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Jul 27

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Gold’s Two Stories: Paper Markets Collapse… While The Retail Public Buys At A Record Pace (ZeroHedge, July 26, 2015):

We’ve seen some significant swings in precious metals over the last several years and if we are to believe the paper spot prices and recent value of mining shares, one would think that gold and silver are on their last leg. Last weekend precious metals took a massive hit to the downside, sending shock waves throughout the industry. But was the move really representative of what’s happening in precious metals markets around the world? Or, is there an effort by large financial institutions to keep prices suppressed? In an open letter to the Commodity Futures Trading Commission First Mining Finance CEO Keith Neumeyer argues that real producers and consumers don’t appear to be represented by the purported billion dollar moves on paper trading exchanges.

With China recently revealing that they have added some 600 tons of gold to their stockpiles and the U.S. mint having suspended sales of Silver Eagles due to extremely high demand in early July, how is it possible that prices are crashing? Continue reading »

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Jul 27

“… could that statistic be distorted to the downside?”

What a ‘brilliant’ question.

Welcome to the recovery …

Americans Not In The Labor Force Soar By 640,000 To Record 93.6 MILLION; Participation Rate Drops To 1977 Levels

… but aside from that everything is awesome.


Took ‘Em Long Enough (ZeroHedge, July 26, 2015):

Barron’s just now, some 4+ years after Zero Hedge first called it out, presented with no further comment:

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ZH Note:  From “fringe bloggers” in August 2011

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