Aug 21

As The Vancouver Housing Market Implodes, The “Smart Money” Is Rushing To Get Out Now:

Just as the Vancouver housing bubble has burst, the “smart money”, which rode the bubble all the way up, has duly noticed, and wants out. Immediately. As Bloomberg reports, the Ontario Teachers’ Pension Plan is quietly seeking buyers for a minority stake in its C$4 billion real-estate portfolio in Vancouver, including office towers and shopping malls.

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Aug 20

FBI Probes Firm Belonging To Brother Of Clinton Campaign Chair For Ukraine Corruption Ties

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Aug 20

Rothchilds Buying Gold On “Greatest” Money “Experiment” In “History The of World”:

The Rothschilds are buying gold through their investment house RIT Capital Partners and Lord Jacob Rothchild is warning about the results of “the greatest experiment in monetary policy in the history of the world”.

jacob-rothschild-reception-to-mark-the-prince-of-wales-medal-for-philanthropy

British investment banker Lord Jacob Rothschild is buying gold. Pictured with Joanna Lumley. (Source: Getty)

The Rothchild’s investment house has increased its allocation to gold by 8% and aggressively sold quoted equities and sterling to navigate choppy “uncharted waters” post-Brexit. Sale of shares have been used to buy gold and other non-disclosed precious metals, which, at the end of June accounted for 8 per cent of the £2.8 billion portfolio according to the trust’s half-year results, released on Tuesday. Continue reading »

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Aug 20

H/t reader squodgy:

“This should be shown to all Europeans.”


27.12.2015

Description:

Interview with Massimo D’Alema about Greek crisis, former Italian Prime Minister, former Italian Foreign Minister, former Secretary od Democratic Party, Europeanist. 01/07/2015

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Aug 19

Tourists Cower As Kurds And Turks Fight In Vienna Central Square:

Tourists in the central square of Austria’s capital fled in terror as Kurdish protesters and opposition Turks attacked each other with pepper spray.

A demonstration over the weekend left at least one police officer injured in the central square of Vienna known as Stephansplatz where the St. Stephan’s cathedral dominates the skyline. Authorities say that the clash came as the result of the Kurdish protest that was marching along the road past the Vienna State Opera House and down to the cathedral.

Turkish opposition protesters are said to have provoked the Kurds into fighting, both sides utilizing pepper spray with tourists caught in the middle reports Der Standard. Continue reading »

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Aug 19

Two More Banks Start Charging Select Clients For Holding Cash:

Last weekend, when we reported that Germany’s Raiffeisenbank Gmund am Tegernsee – a community bank in southern Germany – said it would start charging retail clients a fee of 0.4% on deposits of more than €100,000 we said that “now that a German banks has finally breached the retail depositor NIRP barrier, expect many more banks to follow.”

Not even a week later, not one but two large banks have done just that.

bank of ireland_0

Overnight, the Irish Times reported that Bank of Ireland is set to become the first domestic financial institution to pass on the ECB’s negative rates to customers for placing their money on deposit with the bank. The newspaper has learned that Bank of Ireland, which is 14% owned by the State, has informed its large corporate and institutional customers that it plans to charge them a negative rate of -0.1% for deposits of €10 million or more starting in October. Continue reading »

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Aug 19

Paul Tudor Jones Emerges As Latest Mega Bear With Record Surge In S&P Puts:

It appears that Paul Tudor Jones is even more bearish than George Soros, based on the surge in the fund’s S&P puts, which rose from $490 million notional to $1.7 billion notional, a nearly four-fold increase, and making it the biggest such position in the fund’s history. In fact, as of this moment, PTJ’s gross put exposure amounts to 37% of his entire disclosed long equity exposure of just over $4.7 billion.

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Aug 19

Ponzi-Scheme

Dallas Cops’ Pension Fund Nears Insolvency In Wake Of Shady Real Estate Deals, FBI Raid:

The Dallas Police and Fire Pension System is on the verge of collapse amidst shady real estate deals that resulted in massive asset markdowns in 2015 and the FBI raid of former real estate investment manager, CDK Realty Advisors.

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Aug 19

Where The Money Is Going: Record Inflows Into Emerging Markets, Longest Ever Outflows From Europe

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Aug 19

ben artzi

Why A Deutsche Bank Whistleblower Turned Down A $8.25 Million Reward: In His Own Words:

At the height of the financial crisis, when risk assets were imploding and counterparties were in danger of overnight collapse, Deutsche Bank avoided failure and nationalization by fabricating the value of its $130 billion derivative portfolio of “leveraged super senior” trades.

Some history: back in 2005, these trades were seen as “the next big thing” in the world of credit derivatives, something which DB at the time was building a massive position in. They were designed to behave like the most senior tranche of a typical collateralised debt obligation, where assets such as mortgages or credit default swaps are pooled to give investors varying degrees of risk exposure. Deutsche became the biggest operator in this market, which involved banks buying insurance against the possibility of default by some of the safest companies, the FT writes. Continue reading »

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Aug 19

Paul Singer Says “Everyone Is In The Dark”; Warns Of “Sudden, Intense Market Breakdown”:

“This is the biggest bond bubble in world history… Everyone is in the dark… the ultimate breakdown from this environment is likely to be surprising, sudden, intense, and large.”

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Aug 19

One Simple Chart Illustrates The Absurdity Of College Cost Inflation:

The simple chart below from the American Enterprise Institute beautifully illustrates the absurd inflation of college tuition and textbooks over the past 20 years.  In real terms, the cost of college has effectively doubled over that time period.  Now what would cause such massive inflation?  Could it be our government tripping over itself to provide cheap student loans for children to spend on vacations, iPads and kegs (i.e. “college”; see “What Student Loans Are Used For: Vacations, iPads, Kegs, Entertainment“).  Or, per the Daily Caller, perhaps the issue is administrative bloat at our institutions of higher education:

The exact reason prices have increased so much has been hotly debated, but one critical factor at most schools is administrative bloat. While student to faculty ratios have remained relatively steady over time, the number of administrators and other non-teaching staff has exploded at schools across the country.

But we don’t want to stress out our young Millennials too much.  We’re quite sure the debt burden associated with your $200,000 anthro degree will be socialized very soon. 

College Inflation

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Aug 19

Vancouver Housing Market Implodes: Average Home Price Plunges 20% In 1 Month – “The Market Is Devastated”:

The City of Vancouver currently has an average home price of $1.1 million, down 20.7% over the last 28 days and down 24.5% over the last three months. The average detached home is $2.6 million, down 7% compared to three months ago. There were only three home sales in West Vancouver between Aug. 1 and 14 this year, compared to 52 during the same period last year. That’s a decrease of 94%. 

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Aug 19

Apple Demanding Cost Cuts From Suppliers After 30% Plunge In Orders: Digitimes:

Apple stock is sliding very modestly for now as Digitimes reports Tim Cook has asked downstream part and component suppliers in Taiwan to reduce quotes for iPhone 7 devices by as much as 20%…even though order volumes for new phones are reportedly 30% lower than those placed a year earlier.

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Aug 18

CAT sales LT

Caterpillar Retail Orders Suffer Second Biggest Plunge Since Financial Crisis:

While the relentless decline in Caterpillar retail sales has been duly noted here every month for nearly 4 years, now posting 44 consecutive declines, the latest, July data was downright depressionary.

According to the company, in the latest month – just when China was supposed to be rebounding and the US recovery getting “stronger” – demand took another sharp leg lower, as follows: Continue reading »

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Aug 18

Shinzo AbeKuroda


Japanese Imports, Exports Crash At Worst Rate Since 2009:

For the 19th month in a row, Japanese Imports plunged – dropping 24.7% YoY (worse than expected), the biggest drop since Oct 2009. Exports were just as dismal, also missing expectations, plunging 14.1% YoY – worst since Oct 2009. The biggest driver of the collapse of Japanese trade was a 44% crash in the Chinese trade balance. There’s no lipstick to put on this pig… it’s a disaster.. and worse still Yen is strengthening back below 100 against the USD.

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Aug 18

Prison Stock Prices Collapse After Feds Announce End to Private Prison Use

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Aug 18

Carl Icahn Turns Apocalyptic: “I Am More Hedged Than Ever, A Day Of Reckoning Is Coming”:

I have hedges on, I’m more hedged than I ever was. [The market] is way overvalued at 20 times the S&P and I’ll tell you why: a lot of it is a result of zero interest rates. That’s going to be hurtThere’s going to be a day of reckoning here.  I’ve seen it many times in my life.  When things look good, they look great.  You go into the sky.  But that’s when you have to really pull down and really stop buying.”

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Aug 18

More Crony Capitalism: Aetna Gives An Ultimatum To The DOJ – “If Humana Deal Is Blocked, We Exit Obamacare“:

In a glaring example of crony capitalism, Aetna CEO Bertolini wrote that, despite Aetna’s past support for Obamacare, “unfortunately, a challenge by the DOJ to that acquisition and/or the DOJ successfully blocking the transaction would have a negative financial impact on Aetna and would impair Aetna’s ability to continue its support, leaving Aetna with no choice but to take actions to steward its financial health.

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Aug 18

Continue to prepare for collapse.

And the migrant crisis, hyperinflation, civil war and revolution coming to Europe has been foreseen by Alois Irlmaier in around 1950.

Related info:

SUPER SHEMITAH: Elite’s Jubilee Year Plan To Crash World Economy By October 2016 (Video)


Aug 18, 2016 Continue reading »

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Aug 18

Related info:

SUPER SHEMITAH: Elite’s Jubilee Year Plan To Crash World Economy By October 2016 (Video)


Aug 15, 2016

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Aug 18

Continue to prepare for collapse.

99% of the people will get totally destroyed financially.

“By failing to prepare, you are preparing to fail.”
-Benjamin Franklin


Aug 13, 2016

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The Global Financial System Is Here - Collapse

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Aug 18

Coming to a country near you soon.

And the migrant crisis, hyperinflation, hunger and civil war coming to Europe has been foreseen by Alois Irlmaier in around 1950.


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Aug 18

Coming to a country near you soon.

And the migrant crisis, hyperinflation, hunger and civil war coming to Europe has been foreseen by Alois Irlmaier in around 1950.


Jul 30, 2016

Oil-rich Venezuela is struggling to feed its people. With a spiralling economic and political crisis, the country is threatening to slide into anarchy. Vladimir Hernandez returns home to meet those struggling to survive and finds thousands queueing for hours in the hope of buying basic food items.

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Aug 17

Ford Announces Plans To Self-Destruct Starting In 2021:

Ford CEO, Mark Fields, sat down with Bloomberg to discuss plans to introduce a completely autonomous car by 2021.  The only real problem we see with that plan is that it pretty much ensures their own demise.  That said, they’re pretty much doomed anyway so might as well go for it.

The company said it plans to have a fully autonomous vehicle — no steering wheel, no gas or brake pedals — available by 2021 for ride-hailing services. Continue reading »

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Aug 17

Cisco Fires 5,500; Market Disappointed It Wasn’t More – Shares Fall:

“Today’s market requires Cisco and our customers to be decisive, move with greater speed and drive more innovation than we’ve seen in our history. The restructuring will eliminate up to 5,500 positions, representing approximately 7 percent of our global workforce, and we will take action under this plan beginning in the first quarter of fiscal 2017.”

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Aug 17

H/t reader squodgy:

“It will happen. The greed of bureaucrats ensures the TTP and its Atlantic equivalent will one day lead to a bankrupt world. There is no future if this is permitted.”


obama-tpp

Obama Tries to Sneak Through TPP in Lame-duck Congress:

By Jon Rappoport

First: know that the TPP (Trans-Pacific Partnership) is a huge Globalist trade deal among 12 nations that would a) “phase out thousands of tariffs” (NY Times, 6/1/16) and b) set up corporate tribunals to punish nations that refuse to import goods (e.g., toxic pesticides, toxic medical drugs, GMOs).

In short, it’s a nightmare.

Wiping out tariffs is the cornerstone of the Globalist agenda. It allows companies in industrial countries to move their factories to Third World hell holes, pay slave wages, ignore environmental conditions, and then export their products back to the countries they abandoned—with no tariffs. No taxes. No penalties. Continue reading »

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Aug 17

In Alberta, Lower Oil Prices Bring Job Losses, Empty Office Space And Child Prostitution:

In Alberta, the Oil Sands King in the North, the economy continues to be crushed by crude prices.  With the oil fallout has come massive job losses, business closings, soaring office vacancy rates and increasing crime.  None of this should be terribly surprising for a region of the world that is somewhat dependent on oil sands production.  At current oil prices most oil sands projects can’t even cover their cash operating costs which are estimated to be $50 per barrel much less the estimated $90 per barrel required to start a new project.

As recently reported by the Huffington Post, Calgary is on pace to close 7,000 businesses in 2016 up from 6,337 in 2015 and 5,902 in 2014. Furthermore, a separate Huffington Post article highlights a recent report from CBRE which found that vacancy rates of commercial office space in Calgary rose to 22.2% in 2Q 2016, the highest level since 1983, and up massively vs. the 13% vacancy rate from one year prior.  The report also points out that 4mm sq. ft. of office space has come online in just the past 6 quarters alone.  Continue reading »

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Aug 17

Flashback.


weimar-hyperinflation

Gold & Silver Prices Under The Weimar Republic’s Inflation

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Aug 16

Related info:

Warren Buffett Exits Entire Credit Default Swap Exposure, As Citi’s Appetite For Derivative Destruction Surges

SUPER SHEMITAH: Elite’s Jubilee Year Plan To Crash World Economy By October 2016 (Video)


George Soros As The Fighting Uruk-hai With Jacob Rothschild As Saruman

Billionaire Soros doubles bet against US stocks:

Soros Fund Management has increased its bearish bet against US companies on the S&P 500 index. Its billionaire owner will make money if the index collapses.

The Standard & Poor’s 500 is an American stock market index based on market capitalization of 500 large US companies having common stock listed on the New York Stock Exchange or on NASDAQ.

The 86-year-old investor’s fund has reported it had arranged ‘put’ options on roughly 4 million shares as of June 30. This is up from 2.1 million shares as of March 31. Continue reading »

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