Austrian Politician Under Fire After Agreeing That “Zionist Money Jews Are The Global Problem”

Austrian lawmaker Susanne Winter did something she probably shouldn’t have last week.
It started when someone named Oehlmann Hans- Jrg wrote the following on Winter’s Facebook page:
‘The Zionist money Jews are the global problem. Europe, and in particular Germany, are now getting what they deserve from Zionist Jews, particularly rich Zionist Jews in the USA, for the century-long persecution of Jews in Europe. According to the Zionists, Europe, particularly Germany, should be cut off as economic competitors to the US.’ While it’s not entirely clear what Hans- Jrg is trying to communicate there in terms of specifics, the overall message seems clear and Winter apparently supports it. Here’s her response:
‘It is great. You took the words right out of my mouth. There are a lot of things that I am not allowed to write. Therefore I’m even more pleased with courageous, independent people.’ Now obviously, when the public has entrusted you with the authority to legislate there are certain things you just don’t say regardless of whether or not you feel your opinions are justified. That’s not an attempt to support putting a muzzle on politicians but when you’re a public figure, you have to have a filter and suggesting that if only you could, you’d be a raving anti-Semite is the kind of thing that can get you kicked out of office. And indeed that’s exactly what may be about to happen to Ms. Winter. Here’s AP:

This post was published at Zero Hedge on 11/02/2015.

21 Facts About The Explosive Growth Of Poverty In America That Will Blow Your Mind

What you are about to see is more evidence that the growth of poverty in the United States is wildly out of control. It turns out that there is a tremendous amount of suffering in ‘the wealthiest nation on the planet’, and it is getting worse with each passing year. During this election season, politicians of all stripes are running around telling all of us how great we are, but is that really true? As you will see below, poverty is reaching unprecedented levels in this country, and the middle class is steadily dying. There aren’t enough good jobs to go around, dependence on the government has never been greater, and it is our children that are being hit the hardest. If we have this many people living on the edge of despair now, while times are ‘good’, what are things going to look like when our economy really starts falling apart? The following are 21 facts about the explosive growth of poverty in America that will blow your mind…
#1 The U. S. Census Bureau says that nearly 47 million Americans are living in poverty right now.
#2 Other numbers from the U. S. Census Bureau are also very disturbing. For example, in 2007 about one out of every eight children in America was on food stamps. Today, that number is one out of every five.
#3 According to Kathryn J. Edin and H. Luke Shaefer, the authors of a new book entitled ‘$2.00 a Day: Living on Almost Nothing in America’, there are 1.5 million ‘ultrapoor’ households in the United States that live on less than two dollars a day. That number has doubled since 1996.
#4 46 million Americans use food banks each year, and lines start forming at some U. S. food banks as early as 6:30 in the morning because people want to get something before the food supplies run out.

This post was published at The Economic Collapse Blog on November 2nd, 2015.

Forget China: This Extremely “Developed” Country Just Suffered Its Biggest Money Outflow Ever

While understandably all eyes have been fixed on every monthly capital outflow update from China (even the ones that thePolitburo is clearly massaging), few have noticed that one of the biggest total outflows currently in the global developedeconomy is taking place right in America’s own back yard.
According to BofA’s Kamal Sharma, Canada’s basic balance – a combination of the capital and the current account: a measure of national accounts that spans everything from trade to financial-market flows – swung from a surplus of 4.2% of GDP to a deficit of 7.9% in the 12 months ending in June. That’s the fastest one-year deterioration among 10 major developed nations.

Citing Sharma’s data Bloomberg writes that “money is flooding out of Canada at the fastest pace in the developed world as the nation’s decade-long oil boom comes to an end and little else looks ready to take the industry’s place as an economic driver.” In fact, based on the chart below, the outflow is the fastest on record.

This post was published at Zero Hedge on 11/02/2015.

China Slowdown, ‘Global Turbulence’ Trigger Collapse of Export Orders for German Equipment Makers

‘Ripples are now spreading to other key markets.’
It hasn’t hit overall German exports yet. Year-to-date through August, totalexports are up 6.6% from last year and are expected to set another record by year-end. Exuberance in Germany’s well-oiled export machinery still reigns.
But beneath the surface, German plant and machinery makers are getting slammed by the recessions in Russia and Brazil, the slowdown in China that officially still doesn’t exist, and the ‘turbulence’ in the global markets, according to a report today by the German Engineering Federation VDMA.
The association represents over 3,100 mostly medium-sized companies in the capital goods industry. Mechanical engineering is Germany’s forte. Many of the companies are world leaders. They cover the ‘entire process chain’ in the mechanical engineering sector, according to the VDMA, including:

This post was published at Wolf Street by Wolf Richter ‘ November 2, 2015.

Every Part Of The Economy Is Collapsing Except The Manipulated Stock Market – Episode 807a

The following video was published by X22Report on Nov 2, 2015
Euro zone factory data remains week in October. London’s cost of living rises by 40%. ISM manufacturing declines signalling a recession. GDP recalculated to 1.9% as the economy starts to falter. Petrodollar problems will hit treasury bonds and assets. Russian manufacturing improves. Obamacare premiums are rising much more than expected. 46% of Obamacare co-ops go bankrupt. Obamacare increase enrollment from medicare. The elite are pushing a carbon tax via global warming, the NOAA most likely falsified data for the elite

Atlanta Fed Q4 GDP Forecast Tumbles From 2.5% To 1.9%

Just a few days after we got a very disappointing Q3 GDP print of only 1.5% annualized growth, of which healthcare spending accounted for over a third, the Atlanta Fed’s GDPNow forecast, which has traditionally been the most accurate indicator of real-time GDP swings, was just slashed by nearly a quarter from the 2.5% as originally reported on October 30, to just 1.9%.
The reason:

This post was published at Zero Hedge on 11/02/2015.


Gold: $1135.80 down $5.70 (comex closing time)
Silver $15.41 down 16 cents
In the access market 5:15 pm
Gold $1133.70
Silver: $15.41
First, here is an outline of what will be discussed tonight:
At the gold comex today, we had a very poor delivery day, registering 0 notices for nil ounces. Silver saw 0 notices for nil oz.
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 208.42 tonnes for a loss of 95 tonnes over that period.
In silver, the open interest fell by 3440 contracts despite silver being up 5 cents in Friday’s trading. The total silver OI now rests at 168,945 contracts In ounces, the OI is still represented by .844 billion oz or 120% of annual global silver production (ex Russia ex China).
In silver we had 0 notices served upon for nil oz.
In gold, the total comex gold OI fell by a rather large 7,683 to 451,117 contracts as gold was down $5.70 on Friday. We had 0 notices filed for nil oz today.
We had a huge withdrawal in gold inventory at the GLD to the tune of 2.98 tonnes / thus the inventory rests tonight at 689.28 tonnes. The appetite for gold coming from China is depleting not only gold from the LBMA and GLD but also the comex is bleeding gold. It sure looks like 670 tonnes will be the rock bottom inventory in GLD gold. It looks to me that China has taken the last amounts of physical gold from the GLD. I guess the only place left for China to receive physical gold will be the FRBNY and the comex. In silver, a big withdrawal of 716,000 oz in silver inventory / Inventory rests at 313.817 million oz.
We have a few important stories to bring to your attention today…

This post was published at Harvey Organ Blog on November 2, 2015.

New Data Showing the Fed Really has Worsened Inequality

Here’s a shock! A study claiming that the Federal Reserve’s historically unprecedented easy money policies have supercharged Wall Street (and the rich) and left Main Street (and the rest) in the dust! And it comes from Wall Street!
The debate over how the central bank’s zero interest rate policy (ZIRP) and quantitative easing bond-buying program (QE) has impacted inequality in America has been just as heated as the debate over how these decisions have impacted economic growth and the prospects for recreating real national prosperity.
The critics charge that easy money has greatly widened the rich-poor gap, largely by boosting incentives to buy and own stocks, and thereby fueling a long, powerful bull market that has overwhelmingly benefited the wealthy because they dominate stock ownership.
The mainstream Fed position was stated by Chair Janet Yellen at the September press conference following the decision to keep interest rates on hold:

This post was published at Wall Street Examiner by Alan Tonelson – November 2, 2015.

Swedes Stashing Money in Microwaves as War on Cash Heats Up

Swedes are reportedly hiding money in microwave ovens in a desperate attempt shield it from the negative effects their central bank’s ‘war on cash.’
As Business Insider puts it, the Nordic country is ‘shaping up to be the first country to plunge its citizens into a fascinating – and terrifying – economic experiment: negative interest rates in a cashless society.’
The Swedish central bank, the Sveriges Riksbank, on Wednesday held its benchmark interest rate at -0.35%, the level it has been at since July. Though retail banks have yet to pass that negative rate on to Swedish consumers, they face increased pressure to do so as long as the rates remain where they are. That’s a problem, because Sweden is the closest country on the planet to becoming an all-electronic cashless society.’
This represents another salvo in a ‘war on cash’ quickly gaining steam around the world. Central banks and governments justify this war as a means of fighting terrorism, money laundering, and other illegal activities.

This post was published at Schiffgold on NOVEMBER 2, 2015.

6 Reasons To Be Bullish (or Not) On Stocks

In between inspecting my kids candy cache for “safety reasons,” which is parent code for eating the Snickers bars, I read an interesting piece by Simon Constable via U. S. News. He starts out by stating: “Believe it or not, there are still reasons to be bullish on stocks, and not just because pundits keep showing their angst on business TV. (They are often wrong.) Here are some key points for investors to consider.”
Simon goes on to detail six reasons to be bullish on stocks:
Global economic growth to improve More monetary interventions overseas (QE) Earnings recession not as bad as you think. Sentiment is bearish Labor market is improving Low energy prices to rescue the economy. While these are certainly reasons to be “hopeful” that stocks will continue to rise into the future, “hope” has rarely been a fruitful investment strategy longer term. Therefore, let’s analyze each of these arguments from both perspectives to eliminate “confirmation bias.”
Global Economic Growth To Improve
Simon quotes Jeffrey Kleintop who states:

This post was published at StreetTalkLive on 02 November 2015.

Fannie Mae’s Instant Underwater Mortgage (HomeReady)!

Fannie Mae, the Washington DC mortgage giant, has announced their latest program: HomeReady. According to Fannie Mae, ‘HomeReady is designed for creditworthy, low- to moderate-income borrowers, with expanded eligibility for financing homes in designated low-income, minority, and disaster-impacted communities. HomeReady lets you lend with confidence while expanding access to credit and supporting sustainable homeownership.’
The confidence part sounds like a Viagra or Cialis commercial.
Here is the product matrix for HomeReady, showing borrowers that they can obtain a 3% downpayment mortgage with no minimum cash contribution!
Of course the lender should feel safe – taxpayers are backing these risky mortgages … again.

This post was published at Wall Street Examiner by Anthony B. Sanders ‘ November 2, 2015.

Saudi CDS Soars To 6 Year Highs

This weekend we saw an important action in the downgrade of Saudi Arabia, highlighting just how far the EM crisis has carried. As Ice Farm Capital’s Michael Green notes, in response, Saudi CDS continues to climb, reaching its highest since 2009 (amid both default risk and devaluation concerns).

Now clearly Saudi’s distress is largely a byproduct of oil weakness. I create an ‘adjusted’ Saudi CDS by netting out Germany and as you would expect this fairly closely tracks oil prices:

This post was published at Zero Hedge on 11/02/2015.

COMEX Gold Again Capped A Rally. Gold’s 2 Downside Targets.

This article provides an update on gold and silver, based on the Pitchfork technique, which is one of the chart analysis methodologies. Courtesy: Pitchfork Playground.
Gold was looking good until last week Wednesday, October 28th. It must be a coincidence that the COMEX futures gold price always drops significantly on the day of an FOMC meeting / announcement.
Right now, gold sits on its 50 day moving average (DMA). If support fails, our downside target becomes $1125 at the lower median line of the blue modified-Schiff fork. The lower median line of the red modified-Schiff fork is around $1050.

This post was published at GoldSilverWorlds on November 2, 2015.

Bond Market To Stocks: ‘Last Call!’

Bond market risk appetites hold the key to the stock market right now. It is normally the case that equity and debt markets are very closely intertwined but today this true more than ever. And the bond market is signaling the party is nearly over.
I say that the relationship between bonds and stocks is more important today than ever because mergers and acquisitions activity and stock buybacks have been a major source of demand for equities over the past few years. And, to a very large degree, these have been financed by debt. So companies’ ability to access the credit markets currently has a huge impact on stock prices.

This post was published at Wall Street Examiner by Jesse Felder – November 2, 2015.

Half of 25-Year-Olds Live with Parents, 1 Million College Students ‘Sugar Babies’, 31% of Adjunct Professors in Poverty

American so-called ‘higher education’ does exactly what it should: prepare college students for the real world. On 2015 Earth, students must learn the Orwellian condition that what we use for money is created as debt, producing an economy adding negative numbers forever with’developed’ ‘modern’ nations now $50 trillion in debt, the top 1% having more assets than the 99% combined, and the US top 1% has more assets than the bottom 90%.
Of course, the obvious solution is to stop creating what we use for money as a negative number owed to privately-owned banks, and have government create debt-free money for the direct payment of public goods and services. A preliminary cost-benefit analysis shows each and every US household would near-instantly achieve millionaire status with this upgrade.
But college students must pass the Emperor’s New Clothes test before escaping their asset-hole banksters (as must American civics students of all ages). Our condition:

This post was published at The Daily Sheeple on November 2nd, 2015.