Meanwhile In Greece, Pension Funds Tap Emergency Loans This has not been a great year to be a pensioner in Greece.  Over the course of the country’s fraught bailout talks, Greece’s pension system was frequently in the troika’s crosshairs. As for PM Alexis Tsipras, pension cuts were generally considered to be a so-called “red line” …

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The Raging Fire Within I’ve been trading the stock market for nearly thirty years, virtually non-stop. Today (that is, Monday, August 24) easily ranks in the top five strangest, craziest days in the thousands upon thousands of trading days I’ve ever witnessed. I felt like I was entering a cage of gorillas that had just …

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The Exquisite Market Setup, 23 Aug There is an exquisite setup building once again. Tight fundamentals in the gold market apply upwards pressure on the price. For quite a while, we have been saying gold’s fundamental price was around a hundred bucks above the market price. Well, the market price moved up $46 this week. …

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Why It Really All Comes Down To The Death Of The Petrodollar Last week, in the global currency war’s latest escalation, Kazakhstan instituted a free float for the tenge. The currency immediately plunged by some 25%.  The rationale behind the move was clear enough. The plunge in crude prices along with the relative weakness of …

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Paul Craig Roberts: "America Is A Gulag" Submitted by Paul Craig Roberts, America’s First Black President is a traitor to his race and also to justice. Obama has permitted the corrupt US Department of Justice (sic), over which he wields authority, to overturn the ruling of a US Federal Court of Appeals that prisoners sentenced …

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China's "Judgment Day" Arrives – Malicious Sellers Slam Stocks Below Communist Floor Chinese media are describing tonight’s market action as “Judgment Day” for China, as SCMP’s George Chen explains, the crusade of ‘malicious short sellers’ against the Communist central planners and their ‘funds’ is in full swing. The “manage-the-economy-by-technical-analysis” strategy appears to have failed as …

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Lehman's Gift To Jeb Bush For Funneling Pension Money: A $1.3 Million Consulting "Job" Submitted by Mike Krieger via Liberty Blitzkrieg blog, At this point, it almost feels like kicking someone while he’s down. Jeb Bush can’t even stand up to Donald Trump, let alone his own growing series of scandals. In the latest revelation from …

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Chinese Stocks Crash 10% In 2 Days Despite Stable Yuan, Margin Debt Drops First Time In 8 Days At the end of the morning session there is more blood on the streets as The PPT never turned up… *INVESTORS SELLING CHINA SHARES ON WEAKER YUAN: CHANGJIANG SEC. *CHINA GOVT INACTION ON STOCKS CLD SPUR SELLING: …

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Greek Deposits Become Eligible For Bail-In On January 1, 2016 Earlier today, tucked away from the public eye’s, there was another round of drama involving Greek securities this time focused on Greek senior bank bonds which promptly tumbled back to post-referendum/pre-bailout #3 levels. The catalyst was Friday’s pronouncement by Jeroen Dijsselbloem who said depositors will …

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Travails Of Empire – Oil, Debt, Gold & The Imperial Dollar Via Jesse's Cafe Americain, "We are imperial, and we are in decline… People are losing confidence in the Empire." This is the key theme of Larry Wilkerson's presentation.  He never really questions whether empire is good or bad, sustainable or not, and at what …

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