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Global Crisis: 22 More Signs (02/08/16 20:21)

"As bad as the month of January was for the global economy, the truth is that the rest of 2016 promises to be much worse", says Michael Snyder, the master list maker.

Banksters: War on Savers (02/08/16 20:17)

"There has been an economic coup d’état in America and most of the world. We are now ruled by about 200 unelected central bankers, monetary apparatchiks and their minions and megaphones on Wall Street and other financial centers."David Stockman

Banking: Musketeers (02/08/16 20:14)

Here is a list of the world's most systemically critical financial institutions using their own "special sauce" of CDS levels, CDS term structure, equity price, liquidity, and spread trends.

USA: Mass Layoffs on the Rise (02/08/16 20:12)

"2016 is fast proving to be the year that the laws of physics are starting to matter again, and our rocket is now beginning its descent back to Planet Earth. How far we fall this year vs next is still unknown, but the direction of the trajectory is becoming increasingly hard to dispute. And as we lose altitude, we're going to start losing jobs along with it."  Adam Taggart

Geopolitics: New World Order Looming (02/08/16 20:08)

We’re seeing the emergence of a true Eurasian Golden Triangle with China, Russia and Iran as the three key points. With the stated plan to route the Silk Road rail infrastructure to assist the mining of new gold for currency backing of the Eurasian member states, including now Iran with its significant own unexploited gold, the hyper-inflated, debt-bloated dollar system is gaining a formidable positive alternative.

Quote of the Day (02/08/16 20:05)

“What Orwell feared were those who would ban books. What Huxley feared was that there would be no reason to ban a book, for there would be no one who wanted to read one. Orwell feared those who would deprive us of information. Huxley feared those who would give us so much that we would be reduced to passivity and egotism. Orwell feared that the truth would be concealed from us. Huxley feared the truth would be drowned in a sea of irrelevance. Orwell feared we would become a captive culture. Huxley feared we would become a trivial culture, preoccupied with some equivalent of the feelies, the orgy porgy, and the centrifugal bumblepuppy. As Huxley remarked in Brave New World Revisited, the civil libertarians and rationalists who are ever on the alert to oppose tyranny “failed to take into account man’s almost infinite appetite for distractions.” In 1984, Orwell added, people are controlled by inflicting pain. In Brave New World, they are controlled by inflicting pleasure. In short, Orwell feared that what we fear will ruin us. Huxley feared that our desire will ruin us.”  Neil Postman

USA: Liar Loans Are Back (02/06/16 18:03)

The infamous Alt-As are making a comeback thanks to big money managers - better known as Banksters - such as Neuberger Berman, Pacific Investment Management Co. and an affiliate of Blackstone Group LP.

China: More on the Ponzi (02/06/16 18:00)

Here comes still another story about the Red Paddy Wagons rolling out in China. This time they are rounding-up the proprietors of a US$ 7.6 billion peer-to-peer lending Ponzi called Ezubao Ltd.

Trading: Another No-Brainer Bites the Dust (02/06/16 17:57)

Ferrari was halted limit down in Milan trading last week - now down over 40% from its "successful" IPO day highs.

China: The Plunge-Protection-Team at Work (02/06/16 17:55)

Here is a summary of the panicked, "after the fact" reactions that only a government on the verge of losing control will engage in.

Real Estate: Pop Goes the Weasel (02/06/16 17:51)

Another bubble bursting.

Global Crisis: Chinese Stirrings (02/03/16 15:09)

"The fourth and perhaps ultimate financial crisis of the last twenty years begins to express itself in terms that only the raptors and vultures can see from on high. George Soros, Kyle Bass, and the other flocking shadow banking scavengers prepare to short the living shit out of the old Middle Kingdom".  James Howard Kunstler

Hightech: IPOs at a Standstill (02/03/16 15:07)

No IPOs for the month of January in the US points to a hard winter for fledgling biotech firms and other startups.

Global Trade: Collapse in January (02/03/16 15:04)

Bellwether South Korea YoY exports have crashed by 18.5%; most since the 2008/9 Lehman crisis.

Capitalism at its Best: Monetary Fools (02/03/16 15:01)

Not before the lunatic 100x valuations of the FANGs implode like those of all the high flyers which have gone before, will the Casino finally come to an end.

China: No Way Out (02/03/16 14:51)

"If I don’t issue more loans, then my salary isn’t enough to repay the mortgage, and car loan. It’s not difficult to issue more loans, but lets say in a years time when the loan is due, if the borrower defaults, then I wont just see a pay cut, I’ll be fired, and still be responsible for loan recovery."  Junior Chinese Banker
In related news, we learn that China's debt to GDP ratio has reached 262% in 2014.

USA: Crazy Laws (01/31/16 12:58)

Presented without comment

Global Crisis: Earthmovers (01/31/16 12:56)

A Caterpillar bulldozer, estimated worth at around US$ 250,000, ist bid at US$ 50 ...

USA: Greetings from Orwell (01/31/16 12:51)

Adding yet another layer of farce to an already comical spectacle, the 2016 presidential election has been given its own reality show. Presented by Showtime, The Circus: Inside the Greatest Political Show on Earth will follow the various presidential candidates from now until Election Day.

China: End of a Ponzi (01/31/16 12:46)

According to David Stockman, former budget director under Reagan, China is not a $10 trillion growth miracle with transition challenges, rather it is a quasi-totalitarian nation gone mad digging, building, borrowing, spending and speculating in a magnitude that has no historical parallel. And in so doing, it has fashioned itself into an incendiary volcano of unpayable debt and wasteful, crazy-ass overinvestment in everything. It cannot be slowed, stabilized or transitioned by edicts and new plans from the comrades in Beijing. It is the greatest economic trainwreck in human history barreling toward a bridgeless chasm.

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