Overseas Investors Have “Little Appetite” For Chasing Chinese Mania: JPM

To be sure, we’ve had our share of laughs at the expense of China’s margin-fueled equity mania. First there was the realization that more than 4 million new stock trading accounts were created in China last month alone – the country is now adding nearly that many each week. Then we discovered that if statistics are to be trusted, around one in three of those millions of new accounts likely belongs to someone with an elementary school education or less. Finally, we learned that the rally has minted an army of day trading housewives, security guards, and most recently, banana salesmen who last Monday traded so much that they literally overwhelmed the Shanghai Exchange’s volume-tracking software.
But not everyone thinks it’s a veritable tulip mania, just ask HSBC’s head of China equity strategy Steven Sun who ‘wouldn’t say it’s a bubble,’ or Citi who figures turnover in Hong Kong could double from here boosting exchange operator HKEx’s bottom line by 40% in the process. So against this backdrop we wondered: are foreign investors as enthusiastic about the prospects for a continuation of the rally in Asia?

This post was published at Zero Hedge on 04/25/2015.

Hillary – Excess Baggage

The silly season is upon us again. As usual the media is willing to allow their preferred candidate excess baggage. Unfortunately the laws of physics may override the media favor. The amount of excess baggage Hillary Clinton carries threatens to overwhelm the airplane. This plane is badly overloaded with baggage and more is coming. It may not be able to lift off.

The New York Times Flips The most recent revelation, reported in the NY Times, is that Hillary Clinton may have received cash for her foundation from Russia as the quid in a quid pro quo in a uranium deal. The Washington Post is also all over this issue. Add this to a litany of almost thirty years of recorded baggage from Arkansas and Washington and one wonders why this woman believes she has a right to be president. Given what is still ahead in terms of expected new revelations, one wonders why Ms. Clinton does not just disappear into her dotage and spend time with her grandchild.

This post was published at Economic Noise on APRIL 23, 2015.

Mass Murder is in Our DNA

It’s good and right that we commemorate the mass killing in the Ottoman Empire during World War I of between 500,000 and 1.5 million Armenians.
Many nations now call the slaughter of 1915-1916 a ‘genocide.’ This week the 100thanniversary of the notorious event was observed. Pope Francis and the European parliament called on Turkey to recognize the killings as genocide.
Turkey, successor to the Ottoman Empire, admits many Armenians were killed in WWI, but rejects the label of ‘genocide,’ saying their deaths occurred in the confusion of war, not by design. The United States, a very close ally of Turkey, avoids the ‘g’ word. Interestingly, Israel does too, perhaps not wanting to detract from the genocide Jews suffered in WWII.
Armenians insist the Ottoman authorities were determined to eradicate the ancient Armenian people. Turks claim that Armenian guerilla bands known as ‘dashnaks’ acted as a fifth column for their bitter foe, Russia, which was attacking the crumbling Ottoman Empire. Large numbers of Armenian civilians were herded from their homes in eastern Turkey, across the mountains, and into the wastes of northern Syria.
The greatest loss of life occurred on these ‘death marches,’ a fact that Turkey accepts. What is rarely stated by either side is that Kurdish tribesmen inflicted a significant number of deaths, pillage, and rape on the helpless Armenian deportees.
Modern Turkey is determined to avoid being branded with the shame of genocide because it tends to demote the bearer to a second-rate nation forever begging forgiveness, like eternally cringing Germany.

This post was published at Lew Rockwell on April 25, 2015.

Has The Balloon Gone Up?

What is the difference between an armed band of thugs and the police?
The latter conform with the law, including the 1st, 2nd, 4th and 5th Amendments.
The former do not; they come with guns drawn, take what they want, and demand your silence — not as a civil right in a court of law but as a demandthat they make clear will be enforced with those very same guns.
One of these groups ought to be given deference and respect. The other ought to obtain neither, nor be safe anywhere from justice and retribution both before the laws of civil society and, if that fails, the laws of provenance.

This post was published at Market-Ticker on 2015-04-25.

Power Outside The Matrix: freedom

Freedom is. It’s the natural state of being.
Before limitation and slavery, there was freedom.
It had no party, no law, no mandate. It just was.
Freedom was and is the simplicity in the tangle, the force that has no equal.
Without it, everything withers, everything is turned into a program.
During my 30 years as a reporter covering ‘the news behind the news,’ I’ve seen countless instances in which the Matrix shows up, swims into view.
The Matrix, the central image, is a lie. But not just any lie.
It is very deep, shared, hypnotic picture of reality.
People need more power – more individual power, so they can both stand and operate outside the Matrix.
The entire mural of imposed Reality is aimed at radically diminishing the individual’s power.
So in addition to my work as an investigative reporter, I’ve been researching the individual’s ability to go beyond this mural of reality.

This post was published at Jon Rappoport on Apr. 23, 2015.


Earlier this week I was making my normal daily commute through the badlands of West Philly on my way to work. I made my normal right turn onto Fairmont Avenue at 34th street, where the famous gated low income housing shangri la of Mantua Square is located. The hovels in the block before Mantua Square look like this:

Every third house is boarded up. Trash and garbage litter the streets. You rarely see a soul stirring, especially at 7:30 am. No one on this block hustling off to work. The buildings are literally falling down. As I’ve noted before, the median household income in this neighborhood is less than $19,000. More than the third of the people haven’t even graduated high school. The home values are less than $35,000, as if someone would actually buy in this neighborhood. The true unemployment rate is above 60%. Everyone is living off the government dole. This is truly a major encampment for the Free Shit Army.

This post was published at The Burning Platform on 25th April 2015.

Bad News About Oil Prices

I have very bad news about oil prices. In the foreseeable future, their most likely trajectory is… volatile. That is right, bullish and bearish oil price narratives will be proven to be unsatisfactory and overly simplistic. The best bet would be to invest in volatility plays.
What explains this heightened volatility in oil prices? The short answer is the death of OPEC. The U. S. geopolitical deleveraging out of the Middle East has created a disequilibrium, with Iran and Saudi Arabia engaged in a competition for regional hegemony. This competition is unlike anything investors have seen in the Middle East because it takes place in the context of global multipolarity. The U. S. is no longer willing to expend increasingly scarce resources to micromanage the Middle East and no other power is going to step in to fill the vacuum. OPEC cannot survive in this environment because a cartel cannot be maintained when its members are openly at war with each other.
How important is the death of OPEC for oil prices? My colleague Robert Ryan, Chief Strategist of BCA’s Commodity & Energy Strategy, and I think that it is transformative. In our joint report – titled End Of An Era For Oil And The Middle East – we argue that the salient feature of the global oil market for the past 85 years has been coordinated control of production. Oil markets will see truly free-market pricing for the first time since 1930, when amidst a chaotic free-for-all spawned by the boom in oil the Texas Railroad Commission began pro-rating production in the state to control prices.

This post was published at FinancialSense on 04/24/2015.

The Muslim Brotherhood Is In Charge of Jade Helm

It is one thing for people of Islamic faith to serve the American government out of a sense of duty, honor and patriotism. It is quite another for people of any faith with ties to known terrorist organizations to be allowed to serve in highly secure and sensitive positions involving people with clear ties to a major terrorist organization. In this context, I am speaking about people holding key positions, many of them inside of the Department of Homeland Security, who are tied to the Muslim Brotherhood. And when the Commander-In-Chief is one of these individuals, America has a duty to speak out and take steps to force the government to remove these individuals, with very questionable loyalties, from office. Further, two days ago I alleged that there was a strong Muslim Brotherhood presence in the White House and some questioned the assertion. Subsequently, a significant part of this article will deal with validating these very serious concerns.
A Stern Warning from the Highest Levels of the American Military One year ago, retired U. S. Air Force Gen. Tom McInerney, the former assistant vice chief of staff as well as the commander in chief of U. S. Air Forces Europe, shocked the media when he announced, on a radio program, the presence of the Muslim Brotherhood inside the U. S. government. The event received scant attention from the mainstream media (MSM). McInerney’s assertions are echoed in the bestselling book jointly authored by Aaron Klein and Brenda Elliott, entitled Impeachable Offenses, which exposes how Obama has weakened America both domestically and abroad by emboldening America’s enemies by tacitly supporting a Muslim Brotherhood revolution, spurning our allies, and minimizing the very real threat of Islamic fundamentalism which now exists in key positions within the Federal government.

This post was published at The Common Sense Show on April 25, 2015.

Here’s What Obama’s First-Ever Energy Review Missed

his is a syndicated repost courtesy of Money Morning – We Make Investing Profitable. To view original, click here.
The Obama administration just released its inaugural Quadrennial Energy Review (QER).
The aim of the 348-page report, which was ordered by a Presidential Memorandum in January 2014, is to help the U. S. government create a ‘comprehensive and integrated energy strategy’ by identifying the roadblocks to providing affordable and secure energy and energy services for the country.
The QER’s concerns mirror those I have considered in Oil Energy Investorand even addressed before the queen’s Windsor Energy Consultation last month at Windsor Castle outside London.
And as the severity of the problems outlined in the QER become apparent, there are going to be some very nice opportunities for investors to profit.
However, the report neglected to address a number of key issues that are crucial to understanding the challenges in the energy sector.

This post was published at Wall Street Examiner by Dr. Kent Moors ‘ April 25, 2015.

Official: US Government Confirms That Fracking Is Causing Earthquakes in Oklahoma

21st Century Wire says…
Back in March, 21WIRE reported on the destructive history of Fracking and the disturbing industry practice of pumping radioactive waste back down into the ground – and all the health risks this has posed to successive generations – including the toxic contamination of our groundwater resources.
Now the US Geological Survey has been released, which details how the same hydraulic fracturing, or ‘fracking’ process used to extract natural gas and oil from shale rock beds – is responsible for unnaturally inducing earthquakes in places like Oklahoma (see full report below). Regardless of the recent findings, the industry is still in complete denial.
‘I don’t think it’s particularly helpful because basically it says, ‘We’ve come to a conclusion, but we don’t have the science to back it up,” Kim Hatfield, a representative of the Oklahoma Independent Petroleum Association, told KFOR-TV, Oklahoma City, Saturday. ‘Oklahoma has been very geologically active over time, and that’s one of the reasons we have so many oil and gas traps.’
Fracking is both an artificial disaster, as well as an abject failure – on all fronts.

This post was published at 21st Century Wire on APRIL 25, 2015.

Amtrak formats for passenger ID data dumps to governments

Eight pages of command-line formats for users of Amtrak’s ARROW computerized reservation system have been made public in the second of a series of interim responses to our Freedom of Information Act request for records of Amtrak’s collaboration with police and other government agencies in the US and Canada in ‘dataveillance’ of Amtrak passengers.
The ARROW user documentation covers syntax and codes for entering ID information into Amtrak passenger name records (PNRs), generating reports (‘passenger manifests’) by train number and date or other selection criteria, and transmitting these ‘manifests’ or ‘API data’ to the US Customs and Border Protection (CBP) ‘Advance Passenger Information System’ (APIS).
Amtrak extracts ‘manifest’ (API) data from PNRs, formats it according to CBP standards, and pushes it to CBP in batches using EDIFACT messages uploaded through the CBP Web-based online eAPIS submission portal.
Although Amtrak knows it isn’t actually required by law to do any of this, it ‘voluntarily’ (and in violation of Canadian if not necessarily US law) follows the same procedures that CBP has mandated for airlines. The sample EDIFACT headers in the Amtrak documentation refer to Amtrak by its usual carrier code of ’2V’.
Travel agents – at least the declining minority who use the command-line interface – will find nothing particularly surprising in these formats. ARROW formats for train reservations are generally comparable, although not identical, to the AIRIMP formats used for API data by the major computerized reservation systems (CRSs) or global distribution systems (GDSs) that host airline PNRs.

This post was published at Papers Please on April 23rd, 2015.

DOUBLE-DEALING: Saudi Flip-Flops on Ceasefire as Yemen Continues to Collapse

21st Century Wire says…
After having declared an end to a month-long unprovoked bombardment in Yemen -Saudi Arabia resumed a new round of airstrikes.
The US-backed coalition led by Saudi Arabia and other Gulf Cooperation Council countries, has renewed airstrikes inside Yemen, continuing their breach of international law after announcing a ceasefire and apparent end of Operation Decisive Storm.
The final phases of the Pentagon sanctioned Decisive Storm, has given way to its sequel – another cryptic, yet cynically titled, ‘Operation Restoring Hope’, as the UN has raised concerns over civilians killed over the past four weeks.
With the US-Saudi proxy against the Shia militia Houthis taking center stage, Al Qaeda militants in Yemen, also known as Al Qaeda in the Arabian Peninsula or ‘AQAP’, were able to organize a jailbreak and Central Bank robbery in the midst of Western focus on the Houthis. Here’s an excerpt from a report by the LA Times that outlines the AQAP incident:
‘AQAP fighters launched a jailbreak near Mukalla that freed about 300 prisoners, including several dozen of their comrades, officials and residents said.’
‘The militants also stole more than $1 million in Yemeni rials from the local branch of the Central Bank, security officials said, and set up roadblocks across the city.’
This is just the latest US-sanctioned foreign policy failure to hit an already fractured region. Even the official foreign policy mouthpieces were raising alarms early on. On March 19th, in a Council on Foreign Relations (CFR) release, the rise of AQAP extremism was predicted as a symptom of the US-GCC proxy war in Yemen:

This post was published at 21st Century Wire on APRIL 23, 2015.

Four Swedish Cops on Vacation in NYC Teach the NYPD a Lesson in Humanity

We’ve all seen the stats by now. U. S. police killed more citizens in March alone than UK police have killed in 100 years. We’ve seen the plethora of videos documenting unnecessary police brutality. There are so many in fact, I can’t even begin to document them all. We’ve also seen the militarized police in all its ghoulish display in Ferguson.
We’ve seen the wrong way to police in New York City, most recently when an unarmed Eric Garner was choked to death on the street in broad daylight for selling untaxed cigarettes. Now, finally, we see how real policing is supposed to be done, courtesy of four Swedish police officers who were on vacation in NYC.
First, a little background from the Free Thought Project:
New York, NY – Four Swedish police officers vacationing in New York City were on the subway on Wednesday when a fight broke out. The train operator asked if there were any police riding who could help with the situation. The Scandinavian patrolmen were very soothing and non-aggressive as they de-escalated the situation instead of escalating it, the way we have seen so often from our own men and women in blue.

This post was published at Liberty Blitzkrieg on Apr 24, 2015.

10 Must-Haves for a Financial Collapse – Ep. 62 Weekly Wealth Digest

The following video was published by VictoryIndependence on Apr 24, 2015
What if the ATMs didn’t work, your smart phone had no reception, and you couldn’t even get your computer to sync up to the Internet? These are all real-life scenarios, according to the former Secretary of Homeland Security, if an EMP terrorist attack ever struck our very vulnerable electrical grid. Where a single attack in Colorado could bring about a nationwide blackout from coast to coast.
Now, I don’t believe any crisis will last forever – humanity seems to be pretty resilient. A list of a 1,000 items or skills needed to survive could be created, but to save you time, I’ve narrowed it down to just 10 items.

Pepe Escobar — Brzezinski Bye, Bye: Eurasia as the U.S. Knew it is Over Forever

Move over, Cold War 2.0. The real story, now and for the foreseeable future, in its myriad declinations, and of course, ruling out too many bumps in the road, is a new, integrated Eurasia forging ahead.
China’s immensely ambitious New Silk Road project will keep intersecting with the Russia-led Eurasia Economic Union (EEC). And that will be the day when the EU wakes up and finds a booming trade/commerce axis stretching from St. Petersburg to Shanghai. It’s always pertinent to remember that Vladimir Putin sold a similar, and even more encompassing, vision in Germany a few years ago – stretching from Lisbon to Vladivostok.
It will take time – and troubled times – but Eurasia’s radical face lift is inexorable. This implies an exceptionalist dream – the U.S. as Eurasia hegemon, something that still looked feasible at the turn of the millennium – fast dissolving right before anyone’s eyes.

This post was published at Russia Insider

Stockman: Global ‘Mania’ in Government Bonds is Veering Toward Disaster

The world's central banks have managed to brew up a "planet-wide mania" in government bonds that are trading at dangerous negative yields and could lead to a meltdown, according to David Stockman, White House budget chief in the Reagan administration.
Stockman said the level of complacency in world financial markets is "downright astounding — even stupid."
He cited data from BlackRock Investment Institute and Thomson Reuters that there are now $5.3 trillion in government bonds trading at negative yields, mostly in Europe, with already-low U.S. Treasury yield levels being pushed lower by the strength of the dollar.
"The central banks are just mechanically and blindly pushing on a string of monetary expansion that is levitating not the main street economy but only financial asset prices in the canyons of Wall Street," Stockman wrote on his Contra Corner blog.

This post was published at Newsmax

US Turns Back Iran in Yemen, Clinton Cash Bribes, Flash Crash Trader

The following video was published by Greg Hunter on Apr 23, 2015
Iran cargo ships, possibly carrying arms and supplies, have turned around and are headed back to Iran. Was it because of the USS Theodore Roosevelt carrier group? You can bet on it. I was worried that this could turn into a major international incident. Why Yemen and other hot spots are not part of the Iran nuclear negotiations is beyond me.
There is a new book called ‘Clinton Cash’ that is alleging bribes paid to Hillary Clinton’s so-called charity when she was Secretary of State. In one deal alone, $145 million came into her foundation by foreign donors, and that allegedly paved the way for Russia to buy a large piece of U. S. uranium production. The Clintons say none of the allegations are true, and it is just a partisan attack. That is hard to believe when news organizations, such as the New York Times and the Washington Post, are doing stories.
Remember the ‘Flash Crash’ five years ago when 600 points got erased from the Dow in just a few minutes. At the time, there were stories about how somebody’s ‘fat finger’ caused the crash. Now, we find out that it was a lone guy in London trading stocks in his underwear that caused the carnage. That is simply preposterous. A story in Zero Hedge says the trader that was arrested and charged is nothing more than a patsy.