SEPT 17 15 SIT EC y POL
U.S.
‘Justice’ Department Proclaims Big Banks Have A License To Steal. Posted
by: Sprott Money.
Post date: 09/17/2015
First we had “too big to fail”. Then came “too big to jail”.
Now, finally, the U.S. Department of “Justice” is letting us know what it
really thinks: U.S. Big Banks simply have a license to steal.
[ The license to steal did not work today. China stopped &
Yellen postponed. They will come back,
of course, bad habits are not abolished by decree. .. Now-on, every State-nation
is in ALERT .. and new regional currency will emerge .. one in South America (yuan-latino?) .. unless the IMF launches a new world currency for
trade and bank deposits that includes yuan & ruble among other “big”
currencies ..in terms of trade & gold ]
ZERO HEDGE
Will
The Lone Star State Secede? Super Tuesday May Allow Voters To "Reassert
Texas As Independent Nation".
Submitted by Tyler Durden on 09/17/2015 [ Phony separatism
?.. I love you but I quit ]
“Most Texans do not want to break away from the United
States. Most Texans consider themselves Americans. But if ever being
American means sacrificing our liberties, we will just prefer to be Texans.”
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Peter
Schiff: "Once Again Fed's Bark Fails To Live Up To Its Bite". S- by Tyler
Durden on 09/17/2015
As we have
maintained continuously, rate hike talk from the Fed is just a bluff to
disguise its inability to tighten, as even small increases could be
sufficient to prick the biggest bubble it has ever inflated. … A rate hike
is supposed to be a signal that the economy has a clean bill of health. But as
the patient fails to recover, another
dose of QE will be just what the doctor orders.
[ Chinese
“Opium dreams” ? ... Dependency on evil
addictions requires both, an investigation of the damage caused by such habits
on the national economy (tax-evasion included), AND immediate strait jacket while he gets
human-blood transfusion in a psych clinic or in a VET clinic .. depending on degree
of degradation. Is it true that these
animals don’t fit in common prisons (“to big to jail”)? .. Then get a big cage and
placed in a Zoo ]
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China Cracks Down On Aggressive-Buying By
"Sinister Stock Squads". Submitted by Tyler
Durden on 09/17/2015 [ almost good info ..
though bad interpretation ]
Chinese stocks are
extending losses after last night's late tumble, as ironically, China's
securities regulator has uncovered a number of market manipulators who
boosted prices of some stocks to sky-high levels during the peak of the bull
market, attracting numerous followers who have suffered heavy losses in the
recent market crash. The PBOC strengthened the Yuan fix for the 2nd day in a
row (by the most in 2 weeks). http://www.zerohedge.com/news/2015-09-17/japanese-stocksusdjpy-plunge-china-cracks-down-aggressive-buying-sinister-stock-squa
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War
Is The Health Of The State - Protecting Yourself From "Financial
Tyranny". Submitted
by Tyler Durden on 09/17/2015 [ The title is misguiding .. the content is OK ]
Without a monetary
system that creates currency out of thin air, most of the wars that we have had
and still have would simply not be financeable. This system is controlled by a
few, who change the rules to their own benefit. And as we have seen they use
their privileges to finance wars and to bribe politicians. By holding
your wealth in precious metals you are rejecting the current system and also
protecting yourself from “financial tyranny”. This includes:
capital controls, expropriation, bail-ins, bailouts, negative interest rates,
market manipulation on a wide scale and massive paper currency fluctuations.
[ War is today the
most unhealthy business of the FED (“1yr, 6,700 airstrikes & $4bn after
Obama vowed to ‘destroy’ ISIS, jihadists still on offensive” & $5 Mll
to train one mercenary to send it to support ISIS in Syria.. Is this a heatthy & ethical business? See “America’s
Phony War on the ISIS” in Global Research).
Today we are in a financial war against emerging economies .. it was
averted by Ms Yellen.. the rulers of the casino economy wanted the FED support
for their nasty speculation .. like in military wars, the rich people do not send their children to
war .. they sacrifice the life of common American for their benefit.. In the
financial war happens the same, they do not want also to put their own capital
at risk … they want FED money: QEs & bailouts.. The Fact is that Ms. Yellen
save their life & their capital in this financial war condemned to fail ]
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Assad
Goes On Offense, Bombs ISIS "Capital", Deploys New Russian Weapons. Submitted by Tyler
Durden on 09/17/2015 [ Russians are doing the job that we should ‘ve done .. we did
the reverse ]
"There are
modern weapons that the regime didn't previously have, be they rocket launchers
or air to ground to missiles."
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Yellen
Responds To Allegations The Fed Is Responsible For America's Record Wealth Gap. Submitted by Tyler
Durden on 09/17/2015 [ FACT: INEQUALITY EXIST & IS WORSE THAN EVER ]
"There have
been a number of studies that have been done recently that have tried to take
account of many different ways in which monetary policy acting through
different parts of the transmission mechanism affect inequality, and there's a
lot of guesswork involved, and different analyses can come up with different
things. But a pretty recent paper that's quite comprehensive concludes that
the -- that Fed policy has not exacerbated income inequality." [ Does The FED allowed or not? ]
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This
Is What Yellen Said About Negative Rates Coming To The US. S-by Tyler
Durden on 09/17/15
[ The license to steal did work this time… This time America win… thanks a lot Ms.
Yellen ]
"I don’t expect that we’re going to be in a path of
providing additional accommodation. But if the outlook were to change
in a way that most of my colleagues and I do not expect, and we found ourselves
with a weak economy that needed additional stimulus, we would look at all of
our available tools. And that would be something that we would evaluate in that
kind of context."
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[ I hope it won’t have same effect in frustrated WS-CEO who
didn’t get the banquet they were expecting ]
A new study published in the PLoS Medicine journal has found
that younger people taking antidepressants are more likely to commit
violent crimes.
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Maxine
Waters Congratulates Yellen On Not Hiking Rates, Says ZIRP Is Precisely What
"Minorities" Need. Submitted by Tyler
Durden on 09/17/2015
[ Not Hiking rates is what emerging markets
need it …. I guess Ms. Yellen got sense on the reaction of China.. At mid-night
they overvalue yuan, print it like crazy and prohibited the selling of Chinese stock
from foreign companies .. It was exactly the plan in 3 big countries of Latin
America.. .. The license to steal their resources was stop by China.. Yellen learn
that the license to steal was wrong ]
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It's
Time To "End The Era Of The Fed Put" & Get Back To Basics. by
Brad Brooks, originally posted at BloombergView.com, S- by Tyler
Durden on 09/17/2015
[ What the greedy sharks wanted from Yellen: ]
Why The Fed Should Raise
Rates Now
Now that U.S. stock markets have
experienced their first 10 percent correction since 2011, investors are again
looking to the Federal Reserve to bail them out.
How did our financial system
weaken to the point where a quarter of a percent increase in rates is more than
it can handle?
This set the table for the
subprime housing debt mess in a way that neither Greenspan nor his successor,
Ben Bernanke, could foresee.
The trigger is likely to be the
hundreds of billions of dollars worth of bad debt in the energy sector -- loans
that were made to finance the fracking frenzy. .. That took years to
correct, as desperate companies and governments kept producing more
crude.
Whatever the catalyst, a handful
of indicators suggest that since the beginning of this year, the U.S. equity
market has been significantly overvalued.
Perhaps the most
disturbing statistic is that American corporations have announced dividends and
share buybacks for this year that total more than a trillion dollars -- more
than all their projected profits combined.
Another area for concern is the burgeoning
private market for investments, where companies are finding it relatively easy
to raise capital.
Fixed-income investors are
subsidizing irresponsible lending, and getting too little return for it.
If the Taylor
Rule -- a practical recommendation on setting nominal interest rates
-- were taken more seriously, the Fed would have lifted overnight rates back up
to the 2.5 percent range years ago.
So let's end the era of the
"Greenspan put" and Bernanke's quantitative easing, and return to
basics. The Fed should
raise rates 0.25 percent this September and 0.50 percent thereafter. Already
this century, the Fed has helped enable two bubbles that resulted in equity
corrections of 40 percent and 50 percent.
Investors would be wise to
remember that if the Fed doesn't raise rates now.
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Rate-Hiking
Time? Initial Jobless Claims Hold At 42 Year Lows. Submitted by Tyler
Durden on 09/17/2015
Initial jobless claims fell 11k (on an adjusted basis) to
264k last week - hovering near its lowest level since 1973 as firms hoard labor leaving The
Fed stuck between an "everything looks awesome" rock and a "well
we have to admit all these indicators are bullshit" hard place...
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Here is the quick snapshot of the winners and losers if
today the Fed tightens (in the process crushing another battalion of
FF/Eurodollar traders who still see the probability of a tightening cycle
starting today at under one-third). See image
URL:
Logically, if the Fed does not tighten, just flip the winner
and loser columns.
Source: BofA
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The
Fed's Long Awaited Decision Day Arrives, And Chinese Stocks Wipe Out In The
Last 15 Minutes. Submitted
by Tyler Durden on 09/17/2015
The long awaited day is finally here by which we, of course,
mean the day when nobody has any idea what the Fed will do, the Fed included. Putting
today in perspective, there have been just about 700 rate cuts globally in the
3,367 days since the last Fed rate hike on June 29, 2006, while central banks
have bought $15 trillion in assets, and vast portions of the world are now in
negative interest rate territory.
…
“Experts” and
“pundits” haven’t reached a consensus either: Goldman Sachs, the World Bank,
IMF, and people like Larry Summers are imploring the Fed to retain ZIRP for a
little while longer while individuals such as Axel Weber (former Bundesbank
head and current UBS chairman), Haruhiko Kuroda, the G-20, and a bunch of EM
central bankers all want to see liftoff occur.
The Fed itself is
not sure what to do: according to many a hawkish move would be not to hike but
layer the statement with many caveats how strong the economy is (even as the
Fed again chickens out) while the dovish thing would be a "one and
done" rate hike with the Fed potentially unleashing a recession-inducing
curve inversion.
One thing that is certain is that while the Fed fiddles,
China's market manipulators continue to burn in ever more spectacular fashion,
and while yesterday the SHCOMP entertained Chinese market watchers with a
tremendous surge in the last hour of trading, today it was the opposite, when
the Shanghai Composite Index fell 2.1% to close at sessions low at 3,086.06, sinking
in final 15 minutes after gaining as much as 1.7% on light volume.
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Submitted by Tyler
Durden on 09/17/2015 - 07:37
- Wall
Street Has Doubts About Fed Lifting Interest Rates (WSJ)
- Global
stocks at three-week highs as Fed decision looms (Reuters)
- Charting
the Markets: The World Awaits the Fed (BBG)
- Powerful
quake off Chile slams waves into coastal towns; eight killed (Reuters)
- As Fed
Storm Brews, Europe Stocks Seen Weathering Turmoil Best (BBG)
- Fiorina's
rise adds another insurgent to U.S. election fray (Reuters)
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With a complex and disaster-prone system of interdependence
causing social strife and chaos, why not just simplify everything with a global
currency and perhaps even global governance?The elites will squeeze the
collapse for all it’s worth if they can, and a Fed rate hike may be exactly
what they need to begin the final descent.
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China
Injects More Liquidity, Strengthens Yuan As Foreigners Dump Record Amount Of
Japanese Stocks. Submitted by Tyler
Durden on 09/16/2015
The evening started with disappointing Japanese
trade data cross the board - weakest imports, exports, and trade balance
in 6 months - which follows the largest selling of Japanese stocks by
foreigners ever. China opened with the first rise in margin debt in 6 days,stocks
were lower in the pre-open after last night's epic farce ramp.
PBOC strengthened the Yuan fix modestly and also injected another CNY 40
billion.
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GLOBAL RESEARCH
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The
Western Coalition and ISIS: Benign State Violence vs. Barbaric Terrorism
By Matt Peppe, September 17,
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Citigroup
Was Using Taxpayer Bailout Funds While Committing Its Foreign Currency FelonyBy Pam Martens
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The
Unspoken Truth: Obama’s “Responsibility to Protect” the Islamic State (ISIS).
The Objective is to “Degrade and Destroy” Iraq and SyriaBy Stephen Lendman
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PRESS TV
Corbyn:
Labour won’t back ‘Brexit’. Thu Sep 17, 2015 Labour Party leader
Jeremy Corbyn tries to clear his stance on the UK's EU membership.
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Venezuela, Colombia to mend ties?. Thu Sep 17, 2015 The presidents of Colombia and Venezuela
are scheduled to meet next week to discuss ways to end a border dispute.
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NOTICIAS IN SPANISH
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Chile,
"Cuarenta años después de ese siniestro 11
de septiembre de 1973, queremos afirmar nuestras convicciones socialistas y
democráticas". Association des
Ex-Prisonniers Politiques Chiliens en France
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Oriente
Próximo. El imperialismo en Medio Oriente: de
la fallida Primavera Árabe a la crisis de los refugiados.
Ana Schinder
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