Oct 23

- Latest spin from Australia – Record ice in Antarctica caused by global warming (Ice Age Now, Oct 22, 2014):

Headlined ” Ice could cause grief for Antarctic vessels,” this story tries to blame global warming for the record sea-ice around Antarctica.  

“As the icebreaker Aurora Australis sets off from Hobart on its maiden mission for the summer season, the bright orange vessel has been stocked with extra supplies in case of hold-ups.

“For the first time since satellite records began in 1979 Antarctic sea ice has passed the 20 million square kilometre mark, voyage manager Robb Clifton says. Continue reading »

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Oct 23

- Saxobank CIO Warns “Another Shock Drop Is Coming.. And It’s Coming Soon” (ZeroHedge, Oct 22, 2014):

Saxo Bank’s Chief Economist Steen Jakobsen is predicting another ‘shock drop’ in the markets within a few weeks. With debt and low inflation continuing to create a nervous atmosphere behind most markets, Steen argues that we will hit fresh lows in mid-November. Steen takes the view that central bank policy is creating a ‘fantasy land’ for investors and he points out that the recent ‘day dive’ in markets was a closer reflection of reality. Steen outlines his suggestions for trading ahead of another dip in mid November with targets for the S&P 500 around 1810 and the Dax at 8000 – 7800. Be long fixed income as it is “a free put on the equity market.. and the economic cycle is not yet ready to adapt to a rising interest rate.”

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Oct 23

- Senators have agreed to recognise Palestine as an independent state (The Journal, 22 October 2014):

THE SEANAD HAS passed a motion calling on the Irish Government to formally recognise the State of Palestine. Last week, 31 of the upper house’s 60 members signed the motion which was proposed by Fianna Fáil’s Averil Power. Fine Gael senators met to discuss their position on the motion yesterday and it was passed earlier today without a vote. Power said it was important that the international community “sends out a clear message of support for the Palestinian people and their right to self-determination” following a seven-week period of intense fighting in the Gaza region during the summer. Continue reading »

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Oct 23

- WTI Crude Slides Below $81 (ZeroHedge, Oct 22, 2014):

It appears some of the ‘fundamental’ legs of the face-ripping ramp in stocks are fading. Broken Markets – nope; Fed Speakers – nope (blackout period); Crude rising – nope (WTI back under $81)

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Why it matters… Continue reading »

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Oct 23

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- Dramatic temperature drops in northern China (Ice Age Now, Oct 22, 2014)

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Oct 23

Related info:

- U.S. Media Controlled By Just Six Corporations (INFOGRAPHIC)


- 10 Things About The U.S. News Media That They Do Not Want You To Know (Economic Collapse, Oct 21, 2014):

Do you trust the news media?  Do you believe that the information that they are giving you is true and accurate?  If you answered yes to either of those questions, that places you in a steadily shrinking minority.  Yes, on average Americans watch approximately 153 hours of television a month, but for their news they are increasingly turning to alternative sources of information such as this website.  Big news channels such as CNN, MSNBC and Fox News are losing hordes of viewers, and they are desperately searching for answers.  Things have gotten so bad at CNN that they have been forced to lay off hundreds of workers.  The mainstream media is slowly dying, but they will never admit it.  They are still convinced that they can find some way to turn this around and regain the trust of the American people.  But it simply is not going to happen.

The following are 10 things about the U.S. news media that they do not want you to know: Continue reading »

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Oct 23

 – Equity Levitation Stumbles After Second ECB Denial Of Corporate Bond Buying, Report Of 11 Stress Test Failures (ZeroHedge, Oct 22, 2014):

A day after a Reuters headline blast proclaimed that, in a stunning turn of events, the ECB which has barely started buying covered bond (of countries like Germany today for example, because the record low yielding Bunds clearly need help from the ECB) will also buy corporate bonds, sending the stock market soaring the most in 2014, it has now backtracked for the second time, and following a report from the FT yesterday which denied the report, the second denial came straight from Reuters itself which hours ago said that the ECB “has no concrete plans to buy corporate bonds, but this could be a way to prevent the bank from paying too much for just covered bonds and asset backed securities, ECB governing council member Luc Coene told Belgian media.” Continue reading »

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Oct 23

- Earth’s magnetic field weakening ten times faster than thought (Ice Age Now, Oct 21, 2014):

Indicates that a magnetic reversal occur hit sooner than anyone expected.

The Earth’s magnetic field, which protects the planet from huge blasts of radiation, has been weakening for several months, says livescience.com.

Magnetometers onboard Swarm satellites — three separate satellites placed in orbit by the European Space Agency (ESA) — show that Earth’s magnetic field is weakening at the rate of 5 percent per decade, 10 times faster than thought.

Previously, researchers had estimated that the field was weakening about 5 percent per century. This indicates that a full-fledged magnetic reversal could happen sooner than anyone thought.

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Red shades show areas where Earth’s magnetic field has strengthened over the past six months. Blue shades show areas that are weakening. Credit: ESA/DTU

http://iceagenow.info/wp-content/uploads/2014/07/magnetic_field-Credit_ESA-DTU.jpg

Earth’s magnetic poles getting ready to flip Continue reading »

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Oct 23

- Someone Didn’t Do The Math On The ECB’s Corporate Bond Purchasing “Trial Balloon” (ZeroHedge, Oct 22, 2014):

In other words, the “mega-leak” from the ECB will hardly scratch the surface in terms of the required liquidity injections, and certainly will be insufficient if at some point in the coming year, the BOJ finds it too has run out of collateral and is forced to wind down its own QE.

So after actually doing the math we wonder: how long before the market realizes Draghi’s latest bazooka was another water pistol, and how long until Reuters is forced to go with the nuclear leak – that the ECB is now considering monetizing ETFs and, gasp, stocks.

Because that, ladies and gentlemen, is the endgame here.

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Oct 23

- Earth’s Magnetic Field in Trouble – Short video (Ice Age Now, Oct 19, 2014):

“We don’t have hundreds of years left before the magnetic reversal,”

says this video. “The Earth’s magnetic field is weakening 10 times faster now.”

Continue reading »

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Oct 23

- Heavy snowfall causes panic in Yekaterinenburg (Ice Age Now, Oct 19, 2014):

Snowfall paralyzed  the North bus station in Yekaterinburg, the fourth-largest city in Russia. All buses leave two to three hours late. Hundreds of passengers at risk to come home very late or not at all.

Passengers complain, but  a large number of accidents involving public transport occurred last night in the Sverdlovsk region. Continue reading »

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Oct 23

honk-obama

- When Is A White House Transcript Not A Transcript? (ZeroHedge, Oct 22, 2014):

From the “most transparent and open administration ever”

*  *  *

President Obama’s unpaid bills have gone missing, as ABC reports: Continue reading »

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Oct 23

- ‘It’s coming back': Meteorologists warn ANOTHER Polar Vortex will strike the U.S. this winter (The Daily Mail, Oct 16, 2014):

  • Another polar vortex set to hit the Northeast from January
  • Cold airs expected from November 
  • New York forecast for above-average snow and freezing temperatures 
  • Around 70 inches of snow is also expected to slam Philadelphia
  • South will have a predominantly wet winter 
  • Midwest set to less snow and warmer-than-average temperatures
  • California drought not expected to worsen 

The Polar Vortex Part II is getting ready to roll back into town.

Leading meteorologists are warning the Mid-Atlantic is in for a repeat of last winter, which was noted as the 34th coldest such period for the contiguous 48 states as a whole since modern records began in 1895, according to weather.com.

Now, with a month-and-a-half left of fall, the forecasts are in, and another polar vortex looks set to hit the Northeast from January and not let up for months. Continue reading »

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Oct 22

- VIX Has Never Done This Before… Ever (ZeroHedge, Oct 21, 2014):

Never, in the history of VIX – the so-called ‘fear-index’ – has this ever happened before…

The last 3 days have seen VIX drop 12.74%, 15.55%, and 13.4% today… VIX has NEVER dropped more than 10% for 3 days in a row ever

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h/t @RyanDetrick

And here is VIX today – does that look in any way normal or efficient to you!!?? Continue reading »

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Oct 22

- How Japanese Hyperinflation Starts (In 1 Chart) (ZeroHedge, Oct 21, 2014):

The Japanese Yen’s real effective exchange rate (REER) has collapsed to the weakest since 1982, according to Mitsubishi UFJ Morgan Stanley Securities. Simply put, REER is a trade-weighted measure of Yen strength (or weakness) against, in this case, 59 trading partners; and as the nation posts an unprecedented 27th straight month of trade deficits [43rd straight month of Seasonally-adjusted trade deficits], Bloomberg reports MUFJ indicates “a structural shift” has taken place.

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As a reminder, the Real Effective Exchange Rate (REER) is: Continue reading »

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Oct 22

From the article:

“So – in conclusion – The Fed admits it knew about the risks of JPMorgan’s London Whale in 2010 (2 years before the blow-up) and did nothing about it, and now, two years later, The Fed tells banks it will get serious…”


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- Fed Inspector General Finds NY Fed Knew Of JPMorgan ‘Whale’ Risks In 2010, “Missed Opportunity” (ZeroHedge, Oct 21, 2014):

Just two years after “The London Whale” took a storm-in-a-teacup to a balance-sheet-busting reality for Jamie Dimon and exposed a face-slapping level of regulatory ignorance of how the TBTF banks ‘trade’ and ‘lever’ their balance sheets, the Federal Reserve’s Inspector General has issued their findings…

Bear in mind, as @ctorresreporter notes, the Fed’s OIG report is a 4-page summary and The Senate released a 300-page report last year… Choose Your Watchdog!! Continue reading »

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Oct 22

FYI.


war1

- How to start a war and lose an empire  (Club Orlov, Oct 21, 2014):

A year and a half I wrote an essay on how the US chooses to view Russia, titled The Image of the Enemy. I was living in Russia at the time, and, after observing the American anti-Russian rhetoric and the Russian reaction to it, I made some observations that seemed important at the time. It turns out that I managed to spot an important trend, but given the quick pace of developments since then, these observations are now woefully out of date, and so here is an update. Continue reading »

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Oct 22

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- Tennessee Woman Sentenced to Jail for Not Mowing Her Lawn (Liberty Blitzkrieg, Oct 21, 2014):

The trend of average U.S. citizens being incarcerated by overzealous judges and prosecutors within the police state formerly known as America continues with reckless abandon. In fact, these sorts of cases are becoming so commonplace I simply cannot keep up with all of them. The following story is a perfect followup to my piece earlier today, which shows how American public school students are being arrested or harassed by police for the most minor of infractions, such as wearing too much perfume, sharing a classmates’ chicken nuggets, throwing an eraser or chewing gum.

If you are an adult American slave, you can add not mowing your lawn to the list of prison-worthy crimes in the police state. Continue reading »

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Oct 22

…. as intended.


- More Foreign Policy Incompetence – U.S. Humanitarian Aid is Going Directly to ISIS (Liberty Blitzkrieg, Oct 21, 2014):

“The convoys have to be approved by ISIS and you have to pay them: The bribes are disguised and itemized as transportation costs,” says an aid coordinator who spoke to The Daily Beast on the condition he not be identified in this article. The kickbacks are either paid by foreign or local nongovernmental organizations tasked with distributing the aid, or by the Turkish or Syrian transportation companies contracted to deliver it.

The State Department official said he, too, was conflicted about the programs… “Are we helping indirectly the militants to build their caliphate? I wrestle with this.”

– From Sunday’s Daily Beast article: U.S. Humanitarian Aid Going to ISIS

The Daily Beast has been at the forefront of exposing the bizarre emergence of the latest terror threat known as ISIS, which is being used to take away civil liberties at home, and fuel more chaos and destruction abroad. It was their work in June that first highlighted the fact that ISIS was and is being funded and supported by U.S. allies in the Persian Gulf. I commented on the absurdity of the situation in my piece, America’s Disastrous Foreign Policy – My Thoughts on Iraq, in which I noted: Continue reading »

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Oct 22

… as intended.


- Obama Humiliated Again After Weapons Airdropped For Syrian Rebels End Up In ISIS Hands (ZeroHedge, Oct 21, 2014):

While we strongly suspect few are truly surprised by this turn of events, it is still yet another embarrassing stamp in the “do nothing stupid” foreign policy passport for President Obama’s administration. As The Daily Beast reports, an ISIS-associated YouTube account posted a new video online Tuesday entitled, “Weapons and munitions dropped by American planes and landed in the areas controlled by the Islamic State in Kobani.”

While the authenticity of this latest video could not be independently confirmed, there is no doubt that the ISIS fighters in the clip are in possession of a rich bounty of American hand grenades, rounds for small rockets, and other supplies. The White House stated on CNN, “we feel very confident that, when we air drop support as we did into Kobani… we’ve been able to hit the target in terms of reaching the people we want to reach.” Perhaps not all of them… Continue reading »

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Oct 22

police-state

- Land of the Free – 1 in 3 Americans Are on File with the FBI in the U.S. Police State (Liberty Blitzkrieg, Oct 21, 2014):

The sickening transformation of these United States into an authoritarian police state with an incarceration rate that would make Joseph Stalin blush, has been a key theme of my writing since well before the launch of Liberty Blitzkrieg. One of the posts that shocked and disturbed readers most, was published a little over a year ago titled: American Police Make an Arrest Every 2 Seconds in 2012. In the event you never read it, I suggest taking a look before tackling the rest of this piece.

Fast forward to fall 2014, and the Wall Street Journalhas a powerful article about how children in schools systems across the U.S. are being arrested or turned over to police custody for doing things that children have always done since the beginning of time. Things such as wearing too much perfume, sharing a classmates’ chicken nuggets, throwing an eraser or chewing gum.

As a result of our insane societal obsession with authority and disproportionate punishment, the WSJ reports that “nearly one out of every three American adults are on file in the FBI’s master criminal database.”  Continue reading »

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Oct 22

FYI.


- Ebola 2014 Is Mutating As Fast As Seasonal Flu (ZeroHedge, Oct 21, 2014):

Yesterday we reported that according to Peter Jahrling of the National Institute of Allergy and Infectious Disease – one of the top authorities in the world on Ebola – and who is on the front lines fighting Ebola disease in Liberia, there is something different about the current Ebola outbreak in that not only does it spread more easily than it did before, but the viral loads in Ebola patients are much higher than they are used to seeing. “I have a field team in Monrovia. They are running [tests]. They are telling me that viral loads are coming up very quickly and really high, higher than they are used to seeing…. It may be that the virus burns hotter and quicker.” Continue reading »

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Oct 22

- Russia Deploys Troops, Robots Along Entire “2nd Middle East” Arctic Belt (ZeroHedge, Oct 21, 2014):

On the heels of Sweden’s military deployment (following the discovery of a damaged Russian sub), it appears Russia is taking no chances with its access to Arctic resources.As Reuters reports, the Russian defense minister announced today that Russian military units will be deployed along the entire Arctic border from Murmansk to Chukotka in 2014. Interfax adds that combat robots are also being deployed to protect Russian oil and gas infrastructure in the harsh environment of the Arctic. This should be no surprise as The Guardian notes, the Arctic’s hydrocarbon resources nevertheless exert a powerful pull. It has been compared to “a second Middle East”, with oil and gas reserves thought to represent 17% and 30%, respectively, of the global total.

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Oct 22

- The Magic Number Is Revealed: It Costs Central Banks $200 Billion Per Quarter To Avoid A Market Crash (ZeroHedge, Oct 21, 2014):

“For over a year now, central banks have quietly being reducing their support. As Figure 7 shows, much of this is down to the Fed, but the contraction in the ECB’s balance sheet has also been significant. Seen from this perspective, a negative reaction in markets was long overdue: very roughly, the charts suggest that zero stimulus would be consistent with 50bp widening in investment grade, or a little over a ten percent quarterly drop in equities. Put differently, it takes around $200bn per quarter just to keep markets from selling off.”

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Oct 22

- Europe Demands Banks Hand Over Their Lunch Money Following Swiss Franc Libor Rigging (ZeroHedge, Oct 21, 2014):

…And don’t do it again!

Having confirmed that RBS, UBS, JPMorgan,,and Credit Suisse operated a cartell to manipulate bid-ask spreads of Swiss Franc libor, the European Commission has unleashed unmerciless vengeance on these law-breaking institutions:

JPMorgan fined EUR 72.2 Million, UBS fined EUR 12.7 Million, Credit Suisse fined EUR 9.17 Million, & RBS Nothing (for whistle-blowing). Continue reading »

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Oct 22

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Source: The Burning Platform

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Oct 22

- 113 Federal Reserve Staff Members Make $250,000 Annually (Liberty Blitzkrieg, Oct 21, 2014):

Just in case you need another reason to dislike the thieving Federal Reserve. From Reuters:

(Reuters) – The top 113 earners among staff at the Federal Reserve’s Washington headquarters make an average of $246,506 per year, excluding bonuses and other benefits – more than Fed Chair Janet Yellen and nearly double the normal top government rate.

Don’t worry Janet, once you leave, you can earn $250k per speech like your hero Banana Ben Bernanke. Continue reading »

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Oct 22

- Gov’t report reveals Fukushima radioactive release much larger than Chernobyl — Japan reactors could have emitted nearly four times as much cesium-137 (ENENews, Oct 20, 2014):

Korea Atomic Energy Research Institute, funded by the Korean government, July 2014:

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Oct 22

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Related info:

- Does Obama Want to Stay in Afghanistan to Harvest Its Opium? (Global Research):

“opium production has increased 33 fold from 185 tons in 2001 to 6100 tons in 2006. In 2007, Afghanistan provided approximately 93% of the global supply of heroin…”


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- America’s $7.6 billion war on Afghan drugs fails, opium production peaks (RT, Oct 21, 2014):

Despite Washington spending $7.6 billion on counter-narcotic initiatives in Afghanistan, 2013 witnessed a record surge in the amount of opium poppy cultivation, according to the US inspector general for Afghan reconstruction.

The Central Asian country cultivated a record 209,000 hectares (516,000 acres) of opium poppy in 2013, beating the previous highest level of 193,000 hectares (477,000 acres) in 2007, according to the UN Office on Drugs and Crime (UNODC).

Battle-hardened Afghanistan produces more than 80 percent of the world’s opium. Continue reading »

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Oct 22

- Obama Administration controls press-pool reports, determining what information journalists are allowed to share (Natural News, Oct 21, 2014):

Veteran Washington journalists and reporters, when they are being honest, will tell you that the current administration is the most political in modern history. Everything is about the proper messaging; optics are much more important, and policy is designed around perpetuating Democratic power.

What they will also tell you is that this White House is so concerned about messaging that it will go to any length to shape it, and that includes pressuring reporters, threatening them with loss of access and, yes, even spying on them (and their parents). It also includes savaging critics. Continue reading »

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