– 11 Signs That We Are Entering The Next Phase Of The Global Economic Crisis (Economic Collapse, April 23, 2015):
Well, the Nasdaq finally did it. It has climbed all the way back to where it was at the peak of the dotcom bubble. Back in March 2000, the Nasdaq set an all-time record high of 5,048.62. On Thursday, after all these years, that all-time record was finally eclipsed. The Nasdaq closed at 5056.06, and Wall Street greatly rejoiced. So if you invested in the Nasdaq at the peak of the dotcom bubble, you are just finally breaking even 15 years later. Unfortunately, the truth is that stocks have not been soaring because the U.S. economy is fundamentally strong. Just like the last two times, what we are witnessing is an irrational financial bubble. Sometimes these irrational bubbles can last for a surprisingly long time, but in the end they always burst. And even now there are signs of economic trouble bubbling to the surface all around us.
The following are 11 signs that we are entering the next phase of the global economic crisis: Continue reading »
– “I’m Not Crazy, I’m Scared” – Why For One Trader, This Time It Is Different (ZeroHedge, April 24, 2015):
Bloomberg’s Richard Breslow, author of “Trader’s Notes” is painfully accurate with his latest take on the “markets.”
I’m Not Crazy, I’m Scared Continue reading »
“Authorities believe the incident has no connection to Fukushima disaster, as the contaminated area is not large.”
(Authoriies “believe” = they don’t know jack shit … or … are lying to the public)
So Fukushima could have nothing to do with it?
Fuel rod parts are to be found all over Japan.
“Kids at risk”?
More like kids being sacrificed since 3/11.
Aaaaand have the people, especially the children, been given iodide pills to protect their thyroid?
NO, not one pill!!!!
– Fukushima: More Then 42% of Children Have Thyroid Nodules Or Cysts (German TV Video, Nov 18, 2012):
More than 42% of 57,000 tested children have nodules or cyst, reports Dr. Suzuki who leads the examinations. In Chernobyl they found only 0.1 – 1%.
More on Tokyo’s situation down below.
– Kids at risk: Extremely high soil radiation detected in Tokyo playground (RT, April 24, 2015):
A playground in Tokyo turned out to be contaminated with radiation levels that 2,000 times exceed the maximums permitted in areas adjoining the devastated Fukushima nuclear plant. Authorities fear some children have been exposed to radiation influence.
The administrative office of Toshima ward in northwest Tokyo reported that soil probes showed 480 microsieverts per hour. Two hours of exposure at such levels would equal one year’s maximum allowable dose of radiation. Continue reading »
What could possibly go wrong?
– WTF Chart Of The Day – Chinese New Share Accounts Edition!!!! (ZeroHedge, April 23, 2015):
We’ve all seen Chinese stocks explode in the last year; we’ve all seen margin lending soar to fund this exuberance; we’ve all read the dominant buyer in this trading frenzy is high-school-educated housewives; and we’ve all seen the analogs to the 2000 dotcom bubble. But, we guarentee you have never – ever – seen anything like this…
The number of new A-Share accounts opened just last week was a mind-boggling 3.25 million!!! That is double the number opened in the peak euphoria stage of the 2007 bubble…
This wil not end well… Continue reading »
Just don’t take a look at their (non-existent) regret via a brainwave ‘lie detector’.
– A Drone Program That Has Killed Hundreds Of Civilians Finally Killed Some That The White House Regrets (Huffngton Post, April 23, 2015):
This morning, the White House disclosed that a January 2015 drone strike, conducted in Pakistan by the CIA with the intention of taking out an al Qaeda compound, resulted in the deaths of two al Qaeda hostages who were not known to have been in the line of fire at the time of the attack. “The killing of American development expert Warren Weinstein and Italian aid worker Giovanni Lo Porto is the first known instance in which the U.S. has accidentally killed a hostage in a drone strike,” Wall Street Journal’s Adam Entous reported Thursday.
President Barack Obama held a brief press conference Thursday morning following a statement released by the White House, which described the incident as a “uniquely tragic situation.” Obama told reporters that he was taking “full responsibility” for what happened, and offered his “profound regrets” and “deepest apologies” to the families of Weinstein and Lo Porto. “The White House has launched a review of the strike to see if changes are needed to the drone program to avoid similar mistakes,” Entous noted. Continue reading »
Part 1: Selenium and Thyroid More Good News (Jeffrey Dach MD, Jan 01, 2014):
A Feb 2013 article in Clinical Endocrinology declares “More Good News!!” on Selenium and the Thyroid.(1) They go on to state,
“In patients with Hashimoto’s disease and in pregnant women with anti-TPO antibodies, selenium supplementation decreases anti-thyroid antibody levels and improves the ultrasound structure of the thyroid gland.“ Continue reading »
– Largest Bank In America Joins War On Cash (ZeroHedge, April 23, 2015):
The war on cash is escalating. Just a week ago, the infamous Willem Buiter, along with Ken Rogoff, voiced their support for a restriction (or ban altogether) on the use of cash (something that was already been implemented in Louisiana in 2011 for used goods). Today, as Mises’ Jo Salerno reports, the war has acquired a powerful new ally in Chase, the largest bank in the U.S., which has enacted a policy restricting the use of cash in selected markets; bans cash payments for credit cards, mortgages, and auto loans; and disallows the storage of “any cash or coins” in safe deposit boxes. Continue reading »
– Hillary’s Charities Suffer A “Geithner Moment”, Will Refile 5 Years Of Taxes (ZeroHedge, April 23, 2015):
Once upon a time, when then-NY Fed chief Tim Geithner was angling for a Senate confirmation which would make him Treasury Secretary, things got a bit tense when it was discovered that Geithner failed to pay Medicare and Social Security taxes on the income he earned while working for the IMF from 2001-2004. Basically, Geithner was classified as “self employed” and was thus responsible for making the payments himself but didn’t do so, which led to some $17,000 in unpaid taxes in 2003 and 2004. Geithner had previously paid more than $20,000 in back taxes to make up for missed payments in 2001 and 2002, so one might have thought he would check on 2003 and 2004 as well, but apparently some accountant somewhere screwed up — or so the story goes.
In any event, it now appears as though Hillary Clinton may be witnessing her “Geithner moment,” because as Reuters reports, several Clinton family charities will now refile a half decade worth of returns after failing to report “tens of millions” in contributions from foreign governments. Here’s more:
Hillary Clinton’s family’s charities are refiling at least five annual tax returns after a Reuters review found errors in how they reported donations from governments, and said they may audit other Clinton Foundation returns in case of other errors… Continue reading »
– More Clinton Foundation Cronyism – The Deal to Sell Uranium Interests to Russia While Hillary was Secretary of State (Liberty Blitzkrieg, April 23, 2015):
As the Russians gradually assumed control of Uranium One in three separate transactions from 2009 to 2013, Canadian records show, a flow of cash made its way to the Clinton Foundation. Uranium One’s chairman used his family foundation to make four donations totaling $2.35 million. Those contributions were not publicly disclosed by the Clintons, despite an agreement Mrs. Clinton had struck with the Obama White House to publicly identify all donors. Other people with ties to the company made donations as well.
And shortly after the Russians announced their intention to acquire a majority stake in Uranium One, Mr. Clinton received $500,000 for a Moscow speech from a Russian investment bank with links to the Kremlin that was promoting Uranium One stock.
Whether the donations played any role in the approval of the uranium deal is unknown. But the episode underscores the special ethical challenges presented by the Clinton Foundation, headed by a former president who relied heavily on foreign cash to accumulate $250 million in assets even as his wife helped steer American foreign policy as secretary of state, presiding over decisions with the potential to benefit the foundation’s donors.
From the New York Times article: Cash Flowed to Clinton Foundation as Russians Pressed for Control of Uranium Company
If you looked at the U.S. economy under a microscope, what you’d see is a gigantic cancerous blob of cronyism surrounded by tech startups and huge prisons. If you zeroed in on the cancerous tumor, at the nucleus you’d see a network of crony institutions like the Federal Reserve, intelligence agencies, TBTF Wall Street banks and defense contractors. Pretty close to that, you’d probably find the Clinton Foundation. A veritable clearinghouse for cronyism masquerading as a charity. Continue reading »
– President Obama To Explain How A CIA Drone Strike Killed US/EU Hostages In January – Live Feed (ZeroHedge, April 23, 2015):
A U.S. drone strike in January targeting a suspected al Qaeda compound in Pakistan inadvertently killed an American and Italian being held hostage by the group, senior Obama administration officials said. As WSJ reports, the killing of American development expert Warren Weinstein and Italian aid worker Giovanni Lo Porto is the first known instance in which the U.S. has accidentally killed a hostage in a drone strike. We await President Obama’s ‘collateral damage’ explanation.
President Obama is due to speak at 10amET…
The mishap represents a major blow to the Central Intelligence Agency and its covert drone program in Pakistan, which President Barack Obama embraced and expanded after coming to office in 2009.
The incident also underscores the limits of U.S. intelligence and the risk of unintended consequences in executing a targeted killing program which, according to human rights groups, endangers civilians. U.S. officials say the strikes are needed to combat al Qaeda. To mitigate the risks, officials say the CIA won’t launch missiles at a suspected target if they know civilians are present. Continue reading »
– Houston Cop and Former “Officer of the Year” Indicted for Trafficking Weapons for Los Zetas Drug Cartel (Liberty Blitzkrieg, April 22, 2015):
What’s so shocking about the story below is not that a 20-year veteran of the Houston police force, who was previously named one of the “Officers of the Year” by the Officers Union, was trafficking weapons for drug cartels. What’s shocking is that he was actually indicted and faces life in prison. He should’ve worked for a federal agency like the DEA or TSA, in which case he might not have even been fired. For example: Continue reading »
From the article:
“And right now that propaganda matrix is assuring the American people that everything is going to be just fine.
Well, they better be right. Because if not, they are going to have millions of people extremely angry with them when things really start falling to pieces.”
– Hopium: How Far Can Irrational Optimism Take The U.S. Economy? (Economic Collapse, April 22, 2015):
If enough people truly believe that things will get better, will that actually cause them to get better? There is certainly something to be said for being positive and thinking that anything is possible. And as Americans, optimism seems to come naturally for us.
However, no amount of positive thinking is ever going to turn the sun into a block of wood or turn the moon into a block of cheese. Any good counselor will tell you that one of the first steps toward recovery is to stop being delusional and to come to grips with how bad things really are.
When we deny reality and engage in irrational wishful thinking, we are engaging in something called “hopium”. This is a difficult term to define, but the favorite definition of hopium that I have come across so far goes like this: “The irrational belief that, despite all evidence to the contrary, things will turn out for the best.” Continue reading »
– Why Sarao Is The Flash Crash Patsy: He Threatened To Expose The “Mass Manipulation Of High Frequency Nerds” (ZeroHedge, April 23, 2015):
There are several notable items in Bloomberg’s comprehensive overnight summary of the epic humiliation America’s market regulators are about to undergo, complete with yet another round of theatrical Congressional kangaroo courts, which will lead to a lot of red faces, a wrist slap or two and maybe even the termination of one or two lowly employees and… nothing else.
Because what difference does it make?
At this point only a bottom-up overhaul can “fix” the fragmented, broken market which by definition can only come after the next market crash, one which will promptly be blamed on HFTs (which leaving the central bankers unscathed).
Back to the Bloomberg piece in which we first discover that it wasn’t even the CFTC that, 5 years later, “figured out” the flash crash was one person’s fault: Continue reading »
– TPTB Are Trying to Kill Off What’s Left of America RIGHT NOW (Washington’s Blog, April 23, 2015):
Most of the America of our fathers has been destroyed.
The little shred of right to life, liberty and the pursuit of happiness is – right now – under massive attack by the powers-that-be. It’s literally the last stand for America.
These two stories provide details:
More news from the battlefield: Continue reading »
– Half Of US Frackers Will Be Dead By Year End, Weatherford Warns (ZeroHedge, April 23, 2015):
Following the CEO’s comments that over 100,000 energy jobs will be lost this year, an executive with Weatherford International – the fifth largest US fracker – has warned half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies. “We go by and we see yards are locked up and the doors are closed,” said Rob Fulks, seemingly confirming what Weatherford CEO Duroc-Danner said earlier in the year, “we’re now confronted with an unusually severe market contraction.” Continue reading »
– Running From Police “Often” A “Death Sentence,” Former Cop Says (ZeroHedge, April 23, 2015):
Earlier today we brought you the story of Texas Department of Public Safety trooper Abraham Martinez, whose flying jumpkick has now been officially enshrined in the annals of police dash cam history. As it turns out, we have The Austin American Statesman to thank for the footage. The newspaper recently took an in-depth look at the Texas DPS’ use of force during pursuits. Here’s an excerpt:
The trooper who shot and kicked him, Abraham Martinez, last year received a minor penalty for the incident — three days off without pay. Yet the fact that a traffic infraction could escalate into a lengthy, high-speed motorcycle pursuit ending in gunshots provides a graphic illustration of how a relatively permissive DPS culture of use-of-force during pursuits is out of step with evolving national standards, experts said. A leading researcher on police pursuits, University of South Carolina criminal justice professor Geoffrey Alpert, called the agency’s policy permitting troopers to shoot at fleeing vehicles “stupid.” Continue reading »
“Fed has created abnormal market conditions by printing money and keeping interest rates low. Investors are looking for growth anywhere they can find it and tech companies are good targets – at these values, however, all tech stocks are expensive – even looking at 5+ years of revenue growth down the road. This means that most value-driven investors have left the market and the remaining 5-10%+ increase in market value will be driven by momentum investors. At some point there won’t be any momentum investors left buying at higher prices, and the market begins to tumble. May be 10-20% correction or something more significant, especially in tech stocks.”
– How The Second Tech Bubble Will Burst, In The Words Of Silicon Valley’s “Poster Child” And World’s Youngest Billionaire (ZeroHedge, April 23, 2015):
Back in December, following the Sony email leak, the world was granted a second (again uninvited) glimpse into the private life and thoughts of the person who had previously suffered another email leak, this time exposing his fraternity days explots: Snapchat founder and CEO Evan Spiegel.
And while many have been quick to mock Spiegel for some of his boyish ways, the reality is that the not only is the 24-year-old the world’s youngest billionaire, but he has quickly won the admiration of Silicon Valley’s brand names like Twitter CEO Dick Costolo who has said “I really think he is one of the best product thinkers out there right now.” Continue reading »
– Professors: 100s of Millions of animals have died recently along West Coast — Worst mortality event ever known — “Wiped out at least 20 different species” — Marine life also disappearing from Fukushima coast (VIDEO) (ENENews, April 22, 2015):
New Yorker, Apr 21, 2015 (emphasis added): [A]n ongoing outbreak of a sea-star wasting disease… has killed millions of starfish… It’s the greatest wildlife mass-mortality event, or “die-off,” of the present day… Online, speculation about the cause of the die-off soon focussed [sic] on radiation from the Fukushima Daiichi nuclear-power plant… [Pete Raimondi, principal investigator with a research group studying the disease] recalled a phone call in which a fearful soon-to-be father asked whether he should immediately move his family away from the West Coast. It was one of many similarly heartfelt calls. Researchers have found no evidence of a link between the ongoing Fukushima disaster and the starfish die-off,.. Many members of the public remain unconvinced… sea stars are known to be maritime canaries-in-the-coal-mine: “They’re always the first ones to go,” Raimondi said.
Santa Cruz Sentinel, Apr 6, 2015: [A] mysterious disease has melted millions of sea stars… This current epidemic has wiped out at least 20 different species of starfish, Raimondi said.
Dr. Ben Miner, Western Washington Univ., Jan 22, 2015 (35:45 in): “The numbers of stars that have died are probably — reasonable estimates of hundreds of millions. I think at this point most scientists are pretty comfortable saying that it’s the largest mass mortality ever associated with a disease ever recorded. [It’s] quite frightening… Patterns we initially saw and subsequent to that — and some other data — strongly suggests that it has nothing to do with Fukushima, though that was something that was very commonly reported in the media.” Continue reading »