from Boom Bust
Germans Are Leaving Germany ‘In Droves’
from Zero Hedge
[…] A growing number of Germans are abandoning neighborhoods in which they have lived all their lives, and others are leaving Germany for good, as mass immigration transforms parts of the country beyond recognition.
Data from the German statistics agency, Destatis, shows that 138,000 Germans left Germany in 2015. More are expected to emigrate in 2016. In a story on brain drain titled, “German talent is leaving the country in droves,” Die Welt reported that more than 1.5 million Germans, many of them highly educated, left Germany during the past decade.
Hillary’s War Crime
by Dr. Paul Craig Roberts
PaulCraigRoberts.org
Today, October 20, 2016, is the fifth anniversary of the murder of Muammar Gaddafi by forces organized and unleashed by US President Obama and Secretary of State Hillary Clinton. Remember the killer bitch’s performance, with gleeful laughter, on CBS “News”: “We came, we saw, he died.” https://www.youtube.com/watch?v=Fgcd1ghag5Y
Muammar Gaddafi was the most progressive political leader in the world. Gaddafi used Libya’s oil wealth for the benefit of the Libyan people. He lived in a tent, a nice tent, but not in a palace, and he did not have collections of European exotic cars or any of the other paraphernalia associated with the ruling families in Saudi Arabia and the oil emirates that are Washington’s Middle Eastern allies.
Doug Casey on Why You Shouldn’t Take This Election Seriously
by Doug Casey
International Man
At least on first glance, you’d think things couldn’t get much worse in Canada in general, and Alberta in particular. Commodity prices are all down—some near historic lows in real terms—and Canada is all about commodities.
Then, last year, Canadians elected Justin Trudeau as Prime Minister, who can be counted on to promote absolutely every politically correct Big Government notion that crosses his mind and make the wrong decision at every opportunity. “Bold new programs” are always fun at the beginning. And since the Canadian government is in better shape than that of the U.S., it will be fun squandering whatever is in the piggy bank.
Not to be outdone, the Albertans elected the NDP for their provincial government; Canada’s NDP is best compared to the Bernie Sanders wing of the U.S. Democrats.
Goldman Sachs Top Lawyer Is Part of a Secret Banking Cabal as CEO Blankfein Denies One Exists
by Pam Martens and Russ Martens
Wall Street on Parade
There’s a new mantra making the rounds of Washington and Wall Street. No matter how big the lie you’re caught in, no matter how much documented evidence exists against you, just deny, deny, deny. That’s how Democratic National Committee Interim Chair Donna Brazile handled the email released by WikiLeaks showing that she leaked a debate question to Hillary Clinton; that’s how Hillary Clinton handled revelations about sending classified government material over an unclassified server in the basement of her home; and that’s how Goldman Sachs CEO Lloyd Blankfein is handling the widespread public perception that there’s a banking cabal meeting in secret to plot its continued dominance over the interests of the average U.S. citizen.
Yesterday, CNBC’s David Faber interviewed Blankfein and asked about the suggestion that Donald Trump had made on October 13 in a speech in West Palm Beach, Florida that there is an international banking conspiracy undermining the sovereignty of the United States. Faber asked Blankfein: “So am I to take it that you weren’t meeting in secret with international banks and Hillary Clinton to plot the destruction of U.S. sovereignty?” Blankfein responded: “We could parse that clause by clause, but to every clause, the answer is no, we weren’t doing it. We weren’t meeting in secret and we certainly weren’t plotting destruction.”
The Brutal Truth
by Karl Denninger
Market-Ticker.org
Last night there was somewhat of a ritualistic dinner held.
It was the Al Smith dinner, a white-tie affair, and a ritual that Presidential candidates, very late in the game, have usually taken part in. This year was no different, with both Hillary and Trump sporting their white-tie best.
But this is not your usual sort of passe’ thing. No, it’s a benefit, and as are many benefits in New York it was stuffed with priestly types and an extraordinary price tag — but, as is frequently the case when there are so many with a priestly bent headlining the event the money actually goes to a decent cause — in this case Catholic Charities. And, I might add, rumors are that they raised a record amount. Bravo.
This dinner is in fact a roast, and The Donald went first. He served up a menu that began with some self-deprecating humor, as is the usual fare. But then, after getting the crowd nice and warm, with chuckles and even roars of approval, he dropped the hammer:
EU Sanction Madness and Merkel’s Blatant Hypocrisy
by Mike ‘Mish’ Shedlock
Mish Talk
A battle over sanctions is brewing in the EU this evening.
The EU led by European Council president Donald Tusk seeks more sanctions on Russia over Aleppo.
However, Italian prime minister Matteo Renzi Pushes Back on Sanctions because Italy was stung more by sanctions than other nations.
The European Union said it was too soon to consider imposing sanctions on Russia for the bombing of rebel-held areas of Syria, while maintaining the threat of action if Vladimir Putin doesn’t back down.
After the first of two days of talks in Brussels, EU leaders said “all available options” remain on the table, without mentioning sanctions specifically, after they clashed over using more pointed language on Thursday. While the U.K., France and Germany wanted to take a harsher tone with Russia, Italy’s Matteo Renzi led those countries who opposed the move.
What Rough Beast?
by Rick Ackerman
RickAckerman.com
Remarkably, stocks are about to skate through another week without having done anything. It feels like a pregnant pause prior to the birthing of some monster destined to terrorize the world for the next eon. Okay, I’ve exaggerated. But not much. DaBoyz, with such privileged information as only a Wall Street pro can possess, undoubtedly have been moving toward the fire exits as all this nothingness has occurred, but that’s no reason why anyone with a little common sense can’t do the same.
Russian Central Banker Lauded as Putin Confronts the System?
by Daily Bell Staff
The Daily Bell
Elvira Nabiullina hunts down Russia’s banking ‘banditry’ … Former economy minister has shut 276 lenders and forced 28 others to reform … When Elvira Nabiullina took over as governor of Russia’s central bank, she came face to face with a sobering statistic: regulators listed as many as 150 banks that were regularly involved in dubious transactions. – Financial Times
This is a strange article because it apparently avoids issues in Russia regarding central banking that we and others have reported on in the recent past.
The profile of this central banker is essentially adulatory and thus provides us with more questions than answers as it doesn’t mention that Putin seems embarked on a course to replace his current Western-initiated monetary system. What an essentially vacuous article it is …
The individual in question, we are informed, is small, female and incredibly disciplined. As with Janet Yellen, it is not her gender that makes the difference, but the breadth of her knowledge, her determination, her honesty, her intellect and the respect she creates.
Unrest and Martial Law? Leaked Military Drill Anticipates “No Rule of Law” After Election Results
by Mac Slavo
SHTF Plan
This tip came through the back channels; its implications are astounding.
If there is any truth to it, the 2016 election could be a kick-off for total tyranny.
According to an unnamed source – who has provided accurate intel in the past – an unannounced military drill is scheduled to take place during a period leading up to the election and throughout the month after.
It appears that the system is gearing up to handle outbreaks of violence, chaotic rallies and poll stations, and the possibility that the people of the United States may become very dissatisfied with the outcome by using military force and martial law.
The drill could, of course, go live at any time; Homeland Security and the military are prepared to contend with a period of unrest, and restore order to a divided and broken country – regardless of whether people like their new leader or not.
An Establishment in Panic
by Patrick J. Buchanan
The Burning Platform
Pressed by moderator Chris Wallace as to whether he would accept defeat should Hillary Clinton win the election, Donald Trump replied, “I will tell you at the time. I’ll keep you in suspense.”
“That’s horrifying,” said Clinton, setting off a chain reaction on the post-debate panels with talking heads falling all over one another in purple-faced anger, outrage and disbelief.
“Disqualifying!” was the cry on Clinton cable.
“Trump Won’t Say If He Will Accept Election Results,” wailed The New York Times. “Trump Won’t Vow to Honor Results,” ran the banner in The Washington Post.
Donald’s Right – The System Is Rigged
by Bill Bonner
Casey Research
[…] For weeks, the top news headlines have been about politics.
And politics has been all about the Republican Party candidate for president of the United States, Donald Trump.
The Establishment, the media, and most right-thinking people look around and sniff the air.
Something stinks. And the smell, they say, is coming from that skunk, Trump.
Meanwhile, Hillary, all greased up with expensive perfume, glides by – all her double dealing… her millions in Wall Street speaking fees… her crony friends and supporters.
She and her husband have a net worth of $50 million – after a career spent devoted almost entirely to “public service.”
Silver Eagle Demand ‘Returned with a Vengeance’
by Jan Skoyles
GoldCore
As gold and silver step back slightly to sit and wait for US economic data to be released later today we bring you news of the US Mint Silver Eagle demand that has ‘Returned with a Vengeance’ as reported by silverseek.com.
Last month it seemed some of the heat had come out of the US Mint Silver market when sales had failed to maintain the momentum seen in the first five months of the year when between 5.9m and 4 million coins had been sold each month.
But things have dramatically picked up. Sales of US Mint Silver Eagles in the month of October have reached 2,925,000, 75% higher than those seen in September when just 1,675,000 were sold, reports silverseek.com. Buyers have already bought more than the previous record month of June when they snapped up some 2,837,000. Given October’s buying patterns commentators now expect sales to touch 4,000,000 in total should the pace continue.
VAXXED: Is it OK to Question Vaccines?
by Chris Campbell
Laissez Faire Books
Reporting from an undisclosed location in the USSA…
“Doctors used to be told to listen to their patients,” Del Bigtree, an investigative medical journalist said in the controversial hit documentary, Vaxxed.
“That was the cornerstone of medicine as we know it,” Bigtree went on. “But something’s changed recently where the patient doesn’t know what they’re talking about. And these parents, with their stories of their children, have just been written off as though they have no idea what’s really going on with their child.”
Take, for example, Dr. Brian Hooker, PhD, an environmental scientist who has a son with autism.
Inflation May Be Causing a Long-Term Rise in Unemployment
by Karl-Friedrich Israel
Mises.org
One of the most discussed topics in modern macroeconomics is the alleged trade-off between price inflation and unemployment. The Phillips curve became, in one form or another, the linchpin of modern monetary policy since the 1960s when Nobel laureates Paul Samuelson and Robert Solow presented the curve as a politically exploitable “menu of choice”: either high price inflation and low unemployment, low price inflation and high unemployment, or any point in between the extremes — just like that, à la carte.
Economists Milton Friedman and Edmund Phelps argued against this naïve interpretation, which has since then established firm roots in public discourse. They explained the trade-off as a short-run phenomenon. When expansionary monetary policies lead to unexpected price inflation, employment can be stimulated if indeed wages increase slower than other prices in the economy.
The Jig is Up – Time to Go Private
by Adam English
Outsider Club
The jig is up, and everyone in the know saw it coming.
Fees, commissions, and self-serving sales pitches masquerading as fiduciary advice are now fully exposed for all to see.
Investors are fleeing actively-managed funds for passive ones, and — though they’d rather keep quiet and lie low until it’s their turn to move through the revolving door — even government regulators are being forced into action.
Yet as much as people talk about the shady side of the business, the cost is not the real cause. A handful of bad players have and always will be tolerated as long as the overall system isn’t broken.
Silver Bull Market Still in Force
by Roland Watson
Silver Seek
As we await the end of this silver correction, it is appropriate to stand back and look at the bigger picture. To that end, take a look at this chart which shows silver’s Bollinger bands, but in particular the midline which is also the 20 month moving average.
[…] Going way back to November 1998 after the Warren Buffett spike, the OHLC bar range of silver dropped below this moving average. With that silver re-entered its long term bear market and what one would have been looking for with this indicator was for the silver’s OHLC range to complete one full month above and clear of the 20 month moving average.
Dealing Desk: Precious Metals Recover from Lows
by Kelly-Ann Kearsey
Gold Money
Goldmoney Wealth clients have been net buying all precious metals this week; however, gold has remained the favourite and we continue to receive a high number of orders from clients as they speculate the market in light of the upcoming presidential election and FOMC rate hikes.
Clients have favoured the Canadian and Singapore vaults followed by vaults in Switzerland and the U.K., and have shown less preference for the Hong Kong vaults.
“Gold and silver have recovered some losses, with gold trading above a $1,270.00 per ounce spot price and silver trading above $17.60 per ounce,” said Kelly-Ann Kearsey, dealing manager at Goldmoney Wealth.
How the Almighty Dollar Will Tell You Where Stocks Are Going Next
Critical information ahead of the U.S. market’s open
by Barbara Kollmeyer
Market Watch
Don’t look to earnings to bust this market out of its rut.
Stock futures are pointing lower even as Microsoft rockets toward a record, trading in premarket action above its dot-com peak after its latest results. Goldman and Netflix also fired off some pretty decent earnings this week, but with one session left to go, the S&P 500 SPX, -0.39% is up just 0.4% for the week, while the Dow DJIA, -0.54% is limping along with a 0.1% gain. The Nasdaq COMP, -0.06% is faring marginally better at a 0.5% advance for this week. October on the whole, so far, is looking like a mild loser.
There’s more to the stock-market malaise than earnings. Fed rate-hike prospects, a strong dollar and a bonkers U.S. election are all helping to keep investors tepid on riskier assets, strategists say.
The stalemate goes beyond just a few days.
U.S. Foreign Policy ‘Elite’ Eagerly Await an Expansion of Overseas Wars Under Hillary Clinton
by Michael Krieger
Liberty Blitzkrieg
Your average American Hillary Clinton supporter will smugly head to the polls on November 8th, entirely self-assured of his or her vital role in the defeat of fascism in these United States. It won’t take long for such childish delusions to be vanquished by the horror of subsequent reckless and unnecessary imperial conflagrations that will be inevitably unleashed by their savior throughout the world.
The extreme dangers faced by the planet as a result of neocon warmonger Hillary Clinton becoming President have been apparent for a very long time. Oliver Stone and many others have vocally warned about it, and I’ve covered the topic on many occasions; including in the following posts:
Conference Board Leading Economic Index Increased in September
from Financial Sense
The Latest Conference Board Leading Economic Index (LEI) for September increased 0.2 percent to 124.4 from August’s 124.1. The latest indicator value came in at the month-over-month percent forecast by Investing.com.
Here is an overview from the LEI technical press release:
The Conference Board LEI for the US increased in September, after declining in August. Large positive contributions from building permits, the yield spread and average initial claims for unemployment insurance (inverted) fueled September’s gain. In the six-month period ending September 2016, the leading economic index increased 1.1 percent (about a 2.3 percent annual rate), much faster than its growth of 0.3 percent (about a 0.7 percent annual rate) during the previous six months. In addition, the strengths among the leading indicators remain slightly more widespread than the weaknesses.
Gold Will Soar Regardless Who’s President
by David Kranzler
Investment Research Dynamics
We can ignore reality but we can’t ignore the consequences of ignoring reality. – Ayn Rand
Perhaps the most infuriating aspect of last night’s final “debate” is the suppression of the truth. Throughout all three debtes, Hillary overtly avoided answering any direct quetions regarding her infamous emails, thankfully put on display for all to see by Wikileaks.
Last night she pivoted right to blaming it on the Russians. Talk about conspiracy theory. It is highly improbable that the Russians hacked her illegal email accounts for the purpose of influencing the election. But Hillary used this sound-byte to deflect away from the Truth. All of the Truths exposed by the leaked emails which point to Hillary’s criminal activity, including collusion with the media (CNN specifically) to rig the outcome of her primary race and selling access to the State Dept and to Wall Street Banks for donations to the Clinton Foundation. Those are just two of many acts of criminality exposed by the emails.
Did China Just Send a Message?
by Chuck Butler
Daily Pfennig
Good Day… And a Happy Friday to one and all! I almost made it into work this morning hitting all green lights, but there, about a mile away from the office, a red light lit up just as I was about to enter the intersection… Shoot! Almost, close but no cigar! And the car going through the intersection on green was a police car, so… Had I decided to hit the gas and speed through, it would have probably been a very unintelligent decision! So, I’ve got that going for me this morning… Intelligence! HAHAHAHAHA! As if, my wife would say… And humor? My mother always told me… “Chuck, you’re funny… Too bad looks aren’t everything!” I guess I get my wit, what little I have, from her! The band Autograph greets me this morning with their rockin’ song: Turn Up The Radio… turn up the radio, I need the music gimmie some more!