All-Time
High Unemployment: The Economic Depression In Europe Just Keeps Getting Deeper
The
unemployment rate in the eurozone is higher than it has ever been before.
This week we learned that eurozone unemployment came in at an all-time high of 12.2 percent for September. Back
in January 2012, it was sitting at just 10.4 percent. So anyone that
believes that "things are getting better" in Europe is just being
delusional. In fact, the economic depression in Europe just keeps getting
deeper. The funny thing is that the mainstream media will barely call
what is going on in Europe a "recession" even though the unemployment
rates in both Spain and Greece are now much higher than anything that the
United States ever experienced during the "Great Depression" of the
1930s. There haven't been as many headlines about the financial crisis in
Europe lately because the ECB has been papering over the debt problems of the
periphery (at least for the moment), but the economic conditions on the ground
for average Europeans just continue to get even worse. Later on in this
article, you will read about a 25-year-old Spanish man with three college
degrees that moved to London in a desperate search for a job who is now
cleaning up poop for a living. The economic collapse of Europe continues
to march on, and there is no end in sight. (Read More....)
What
Are You Going To Do When A Massive EMP Blast Fries The U.S. Electrical Grid?
It
is only a matter of time before a massive EMP burst fries the U.S. electrical
grid. What that happens, how are you going to survive? In the
United States today, we are completely and totally dependent on electrical
power. Unless you are Amish (or are a part of a similar community), you
probably have absolutely no idea how to survive in a world without
electricity. Unfortunately, our electrical grid is extremely vulnerable
at this point. As you will see below, intelligence officials believe that
China and Russia already have “super-EMP weapons”, and a whole host of smaller
nations and terrorist groups are believed to be working on developing similar
weapons. But even if the U.S. is never attacked by an
EMP weapon, scientists tell us that it is inevitable that a
massive solar storm will fry our electrical grid someday. If an event
similar to the solar storm of 1859
happened today, it would be absolutely catastrophic. Known as “the
Carrington Event”, that massive solar storm fried telegraph machines all over
Europe and North America. At some point we will experience another such
solar storm, and some scientists believe that we are already 50 years overdue for another
one. In fact, the earth had a “near miss” just a few months ago. (Read More.....)
Meet
The Sergeant Schultz Administration
Submitted
by Tyler Durden on 10/31/2013 - Presented with no comment...
Document
Reveals Official NSA Talking Points: Use 9/11 Attacks As A "Sound
Bite"
Submitted
by Tyler Durden on 10/31/2013 - Al Jazeera America has done some great work in obtaining the
official NSA talking points via a Freedom of Information Act request. As might
be expected, the agency tells its people to use the attacks on September 11,
2001 to manipulate public opinion into accepting unacceptable levels of
surveillance. One of the highlights, actually lowlights, of the document
is what the NSA refers to as a “soundbite that resonates.” Here it is:
"I much prefer to be here today explaining these programs, than explaining
another 9/11 event that we were not able to prevent."
America's
Genetically Modified Foods - The Infographic
Submitted
by Tyler Durden on 10/31/2013 -
Are genetically modified
foods, better known as GMOs, safe to eat? Although there is no definitive answer to
this question yet, American consumers eat genetically engineered foods all the
time. However, the maze of labeling laws makes choosing whether or not they
want to eat them a totally different story.
Guest
Post: Don't Worry – The Government Says That The Inflation You See Is Just Your
Imagination
Submitted
by Tyler Durden on 10/31/2013 - If you believe that there is high inflation
in the United States, you are just imagining things. That is the message that the U.S.
government and the Federal Reserve would have us to believe. Of course
anyone that shops for groceries or that pays bills regularly knows what a load
of nonsense the official inflation rate is. The U.S. government
has changed the way that inflation is calculated numerous times since 1978, and
each time it has been changed the goal has been to make inflation appear to be
even lower. But if the mainstream news actually reported 'the real'
number, everyone would be screaming and yelling about getting inflation under
control. Instead, the super low number that gets put out to
the public makes it look like the Federal Reserve has plenty of room to do even
more reckless money printing. It is a giant scam, but most Americans are
falling for it.
Elliott's
Singer On America's "Insidious And Life-Draining" Dependency Culture
Submitted
by Tyler Durden on 10/31/2013 - "The employment situation in America is
in a state of serious dysfunction," is how Elliott Management's Paul Singer
begins his discussion of the problems (that existed before 2008) that are
getting worse... "A related problem in America is
benefits policies that encourage dependency. This is insidious and
life-draining, because a balance must be struck between
helping those truly in need and providing harmful incentives for able-bodied
people not to work. If the government makes it less economically attractive to
work than to receive a check, the predictable result will be an increase in handouts
and a drain on the productive sectors of the economy."
UBS
On The Importance Of 3D Printing
Submitted
by Tyler Durden on 10/31/2013 - Over a year ago we
discussed the "next Industrial Revolution" and where it might
appear from. 3D printers were envisioned among Goldman's
top disruptive themes earlier this year and as UBS notes, 3D printing – or
additive manufacturing – has been catching investors’ imaginations in recent
months. Some commentators have suggested the technology has the
potential to literally transform the world economy and dismantle global supply
chains; while UBS points out that, others have suggested the technology is
hyped and has little promise beyond a few niche product areas in manufacturing.
The truth, Andrew Cates believes, probably lies somewhere in between but he is
nevertheless more sympathetic to those who champion the technology’s disruptive
– even revolutionary - qualities.
David
Einhorn's Three Questions For Ben Bernanke
Submitted
by Tyler Durden on 10/31/2013 - 19:44
- How much does QE contribute to the growing inequality of
wealth in this country and what are the risks this creates?
- How much systemic risk does the Fed create by becoming
what Warren Buffett termed “the greatest hedge fund in history”?
- How might the Fed’s expanded balance sheet and its failure
to even begin to “normalize” monetary policy four years into the recovery
limit its flexibility to deal with the next recession or crisis?
Guest
Post: 5 Ways To Create A Monopoly
Submitted
by Tyler Durden on 10/31/2013 - It’s hard to maintain monopoly status in a
free market when you have to deal with all that competition and whatnot. Between other companies’ low prices and
new, updated products entering the market each day, it’s almost like Rich Uncle
Pennybags is a thing of the past. But fret not! The politicians of the world
would like to offer anyone dead set on controlling an entire industry the
chance to shine. So come one, come all — government agencies, cronies,
and all their friends — as we present the five best ways to create a monopoly
and to ensure you never have to compete again.
Halloween
Humor: How To Slay Zombies With Economics
Submitted
by Tyler Durden on 10/31/2013 - Presumably you've already made plans for
surviving a zombie apocalypse.
You have detailed escape routes, stockpiled weapons made for killing zombies,
stores of food... or at least plans for these things. But have you thought
through the important economic factors that might make the difference
between surviving and losing your brain to one of the walking dead? If
uncertainty about how market prices and currency changes might affect your odds
in a zombie-dominated society has been keeping you up at night, fear not. In
this video, Prof. Anthony Davies provides a crash course in how a zombie
apocalypse is likely to affect the economy. Hint: sell your designer shoes
now while you can. And buy bullets.
Germany
Advises Journalists To Stop Using Google Over US Spying Concerns, May Ask
Snowden To Tesity Against NSA
Submitted
by Tyler Durden on 10/31/2013 - The spat between the US and Germany is
getting worse by the minute. Following yesterday's meaningless escalation by
the Treasury accusing, via official pathways, Germany of being the main culprit
for Europe's lack of recovery (and Germany's
subsequent retaliation), it is Germany's turn now to refocus public
attention on Big Brother's spying pathology when a union representing Germany's
journalists advised its members earlier today to stop using Google and Yahoo
because of the latest report implicating the NSA in eavesdropping
on Google and Yahoo.
Guest
Post: Are Constitutional Conservatives Really The Boogeyman?
Submitted
by Tyler Durden on 10/31/2013 - Power, or perceived power, is a viciously
addictive narcotic.
It doesn't matter what political or philosophical background a person hails
from, very few have the self discipline or the self awareness necessary to
relinquish the trappings of power once they have tasted it. This truth applies
to conservatives as much as it applies to liberals. The bottom line is, whether
Obamacare is successfully implemented or not, whether the debt ceiling is
raised again or not, whether the Left passes every agenda on its list or not, our
system is broken and it is going to collapse. There is no way around
it. More debt and more fiat printing means stagflationary collapse. Default and
austerity means stagflationary collapse. If liberals want to place blame for
this conundrum, then they should focus on the people who actually set the
original fire – international and central bankers. Constitutional
conservatives have been the only people attempting to inform the American
public of the facts surrounding our current fiscal crisis.
BNP
Warns "You Can Never Leave" From The Fed's "Hotel
California"
Submitted
by Tyler Durden on 10/31/2013 - In the 1977 Eagles song, Hotel California, a
luxury hotel appears inviting and offers a tired traveller comforting relief
from his journey. It turns out to be something of a nightmare, however, and he
finds that "you can check out anytime you like, but you can never
leave". BNP's Paul Mortimer-Lee asks "does that sound a little bit like
QE and the Fed?" The FOMC signalled its intention to check out of
QE at its June meeting, but by September, it found it could not leave.
Is that not just like QE1 and QE2, the scheduled ends of which had to be
reversed within relatively short periods? The question now is whether or not we
should expect repeated market obstacles to a QE3 exit. Why? Because, as
we have noted numerous times, flows matter.
Even
Professional Wrestlers Understand "The Fed Is The Enemy"
Submitted
by Tyler Durden on 10/31/2013 - When 325lb WWE/WWF Professional Wrestler
"Kane" speaks, one tends to listen and so when Glenn Thomas Jacobs
addresses the reality of the Fed and the actions of the Jekyll-Island-created
"entity" the world should perhaps pay attention. When an admittedly
eloquent giant of mass media explains discusses "our enemy the Fed,"
and the tasks facing Americans, we hope (for 2 brief minutes) the message gets
past the Miley Cyrus headlines...
Stocks
Dump To End Best Month Since January
Submitted
by Tyler Durden on 10/31/2013 - Good news (Chicago PMI) was very bad news and sent stocks into freefall early on.
Hedgers then appeared to lift their protection (sending VIX lower) and igniting
a surge back to the highs in stocks, tagging the stops, and then stocks slumped
to end October (among the best month in the year for most indices) with a 2-day
losing streak (the first in over 3 weeks) but EU stocks outperformed.
Stocks had been ignoring the "taper-on" trends in Bonds (7Y TSY +5bps
on week), USD (+1.3% on week), and precious metals (-2% on the week), but into
the close, volume picked up and equities tumbled. Silver and Gold were
monkey-hammered lower (ending Oct +1% and-0.3% respectively). FX
markets saw USD bid aggressively (though CAD strengthened against the
greenback). Credit remains considerably less enthusiastic than
stocks. An ugly close for stocks... (blamed on Israel for now)
You Know
It's A Top When...
Submitted
by Tyler Durden on 10/31/2013 - ...BTFATH
is more popular than BTFD.
Israel
Strikes Syria Again
Kurt Nimmo | Strike on Russian SA-8 surface-to-air
missiles comes after U.S. backed off war rhetoric.
The
War on Ammo
David Knight | Is the shutdown of the last US smelter
part of a multi-pronged attack on ammunition?
Pearl Jam Singer Stops Concert to Push
Gun Control
Adan Salazar | Seattle songwriter blissfully unaware
that gun-free zones are ideal targets for potential mass murders.
Austin Man Faces 290% Premium Hike to
Avoid Obamacare Fines
Paul Joseph Watson | Humana blames increase on “ACA
compliance”.
NSA Script Advised Officials To Inject
9/11 As Talking Point To Justify Mass Surveillance
Steve Watson | Underlings at spy
agency were given orders to invoke terror attacks.
Pro-Gun Sheriff Found Not Guilty
Infowars.com | Jury nullifies false arrest of Nick Finch
who supported Second Amendment.
United Nations To Destroy Property
Rights of Thousands Around Alamo
Kit Daniels | UNESCO won’t grant Alamo “World Heritage”
status without property restrictions in “buffer zone.”
Mysterious Hooded Men & Occult
Circles Appear Globally
Paul Joseph Watson | Answer to the mystery could also inform
us as to what’s behind the ‘Google Barges’.
Don’t
Worry – The Government Says That The Inflation You See Is Just Your Imagination
Michael Snyder | If you believe
that there is high inflation in the United States, you are just imagining
things.
Rand to Stand Against Yellen, Unless ‘Audit the Fed’ Bill Gets
Senate Vote
Infowars.com | Sen. Paul aims to hold Obama to his
promise of most transparent administration ever.
Taper tease? Market worries Fed will end easing
CNBC | To the surprise of virtually no one…
Don't be frightened boys and girls. It's just the government...
TRiCK
oR TReaT FoR NSA...
Submitted by williambanzai7 on 10/31/2013 15:18 -0400
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The
surprise guest arrives...
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