‘October Surprise’? Sudden Economic Meltdown Could Throw Elections, Decide Next President

The warning is out there.
What happens between now and the elections could be more chaotic than (almost) anyone imagined.
Hillary has been struggling in the polls, and Trump had some difficult moments in the debate. As it stands, things could swing either way, and the establishment has more than one trick up their sleeve.
But are they planning another notorious ‘October Surprise’ to bring an unpredictable and superseding factor into the account before the election? The Iranian Hostage crisis gave Reagan and the shadow government team backing him the secret advantage in 1980.
Today, we could see something truly unforeseeable, and it could launch one of the two candidates right into office.
Namely, if the shoe drops on the economy before November, it will be clear we are in a whole new ballgame.
And it could happen.
Conventional wisdom says that a serious economic downturn might help to boost Trump into the White House, but this is anything but a conventional political cycle, and all the typical advice is out the window.
A bigger enough financial crisis could also give Hillary the pretext to assert how she would take charge of the government and economy in one carefully-manipulated vehicle. With Hillary so close to Goldman Sachs and Wall Street, it could be claimed that she has the ‘serious leadership’ and ‘tough experience’ that Trump the businessman has never dealt with.

This post was published at shtfplan on September 30th, 2016.

Helicopter Money Will Ignite A “Bonfire Of Our Remaining Liberties”

Submitted by Sean Corrigan via TrueSinews.com,
I was recently flattered to be asked how I envisaged the dreaded ‘helicopter money’ working if it were not to simply add further to commercial banks’ already crippling mass of deadweight liabilities and assets, given that not only would printing it up in physical form be tortuous but that cash itself is only one conveniently heinous crime away from being proscribed altogether.
The first possibility is that the central bank issues requisition vouchers – i.e., it credits the Treasury in a dedicated internal account – and the happy recipients of Leviathan’s outlays get direct access there, too, to funds which are also, of course, legal tender for the whole bestiary of its taxes, licences, levies, and fines.
Effectively, the CB would set up some kind of separate giro bank in parallel with commercial bank system so that which ‘droppeth as the gentle rain from heaven’ would all be ‘outside’ money, i.e., M0, just as is today’s wickedly untraceable cash. In fact, this latter, allegedly criminal medium could – in the Bitcoin-Rogoff dystopia into which it seems we peons must soon be driven – easily be merged into it, then quietly abolished by not being re-issued in physical form, once paid in.

This post was published at Zero Hedge on Sep 30, 2016.

A Furious Rick Santelli Rages At Janet’s Jawboning: “Please, Don’t Help Anymore”

CNBC’s Rick Santelli turned it up to ’11’ today as The Fed’s Janet Yellen joined the world’s central planners in suggesting intervention directly in the stock markets would ‘help’ the average joe.
Santelli exclaims “don’t help anymore!!” How has any of their ‘help’ helped in the last 7 years? “Central banks buying in the [stock] market… you really think that’s a good idea?” Raging about picking winners, buying Deutsche Bank, and keeping stocks “steady” around elections, the veteran pit trader exploded, “is that the world we really want to live in?”
The Fed’s buying stocks “will completely and utterly and in every possible way destroy and value in the marketplace…”

This post was published at Zero Hedge on Sept 30, 2016,.

China Housing Bubble Re-Inflates – “Even We Didn’t Expect The Prices To Go Up This Much”

They say that history tends to repeat itself and for the China housing market, and its constantly repeating cycle of bubbles, that certainly seems to be the case. It seems like just yesterday that we pointed out the following video of ghost towns springing up all over China with millions of square feet of newly constructed residential living space but not a single resident.

And now, as we’ve pointed out numerous times recently (see posts here and here), China’s home prices are bubbling up all over again. Prices in China’s smaller cities, in particular, are seeing the largest gains as buyers from the larger tier one cities go hunting for “bargains.” In fact, per a recent account from Reuters, home prices in the city of Changsha have risen 30% in two months all while 13.5mm square meters of residential real estate remains unoccupied.

This post was published at Zero Hedge on Sep 30, 2016.

Destructive Education Models Bankrupting US: New Models Needed

Education is one of the best long-term investments we can make individually and as a society. But this is only true where education enriches the student. Where the business model is designed to prey on the trusting and gullible in order to maximize profits for the schools and administrators through fees only affordable via crushing student loans and government underwriting, well then we have a big net negative for the collective. In thousands of cases in the US, students have been victimized by fraudulent colleges who were feasting on government subsidies. Although this is acknowledged, aggressive loan collection efforts against the students are proceeding. See: The education department is chasing borrowers to repay student loans they may not owe
The Education Department tries to stem loan defaults in part by threatening to revoke colleges’ access to federal student loans and grants – lifeblood for most schools in the US – if their former students default at high rates. But over the past two years, the department has spared some colleges from accountability by lowering their loan default rates on account of faulty servicing practices. Dorie Nolt, a department spokeswoman, wouldn’t say whether the feds gave colleges a break this year, too. The borrowers who defaulted on those debts were not granted a similar reprieve.

This post was published at FinancialSense on 09/30/2016.

Secret Swiss Military Bunkers Being Filled With Gold By Billionaires Seeking “Alternatives To Bank Deposits”

For decades, Switzerland had a reputation for bank secrecy that made it the most sought after tax haven for billionaires from around the globe. But, after more than 80 years of secrecy, a series of bilateral agreements with countries around the world, including America’s Foreign Account Tax Compliance Act (FATCA), have forced the private-banking industry in Switzerland to embrace an entirely new era of transparency that requires a full exchange of tax-relevant information with more than a hundred countries.
Which, as Bloomberg points out, has been a huge boon for Swiss operators of private vaults which are not subject to the same transparency and reporting requirements as banks. In fact, these super-secret, privately operated storage facilities buried around the Swiss Alps can basically store anything from anybody because they’re not even required to report suspicious activity to Switzerland’s Money Laundering Reporting Office.
‘There is growth in gold,’ Wipfli says. ‘Since 2008 there has been a real interest in alternatives to bank deposits.’ The company explicitly taps into that demand. Swiss Data Safe ‘is independent from the banking system and any other organization or interest group,’ according to a PowerPoint presentation Wipfli shows clients. The company and its anonymous rival aren’t regulated by the Swiss financial-services regulator Finma.

This post was published at Zero Hedge on Sep 30, 2016.

Sept 30/Deutsche bank on the ropes:needed a little rescue today/China’s oil reserves are double than what was expected/Dutch giant bank Ing to lay off ‘thousands’: European economy must be real p…

Gold $1314.30 down $7.40
Silver 19.14 up 3 cents
In the access market 5:15 pm
Gold: 1316.00
Silver: 19.17
THE DAILY GOLD FIX REPORT FROM SHANGHAI AND LONDON The Shanghai fix is at 10:15 pm est and 2:15 am est
The fix for London is at 5:30 am est (first fix) and 10 am est (second fix)
Thus Shanghai’s second fix corresponds to 195 minutes before London’s first fix.
And now the fix recordings:
Shanghai morning fix Sept 30 (10:15 pm est last night): $ 1327.19
Shanghai afternoon fix: 2: 15 am est (second fix/early morning):$ 1327.50
London Fix: Sept 30: 5:30 am est: $1327.90 (NY: same time: $1326.90: 5:30AM)
London Second fix Sept 16: 10 am est: $1322.50 (NY same time: $1323.00 , 10 AM)
It seems that Shanghai pricing is higher than the other two , (NY and London). The spread has been occurring on a regular basis and thus I expect to see arbitrage happening as investors buy the lower priced NY gold and sell to China at the higher price. This should drain the comex.
Also why would mining companies hand in their gold to the comex and receive constantly lower prices. They would be open to lawsuits if they knowingly continue to supply the comex despite the fact that they could be receiving higher prices in Shanghai.
For comex gold:The front September contract month we had 30 notices filed for 3000 oz
the total number of notices filed for the month: 2706 for 270600 oz (8.4167 tonnes)
and that should complete September
For silver: the front month of September we have a total of 0 notices filed for nil oz
September is now complete.
for the Oct contract month: 5 notices for 25,000 oz.

This post was published at Harvey Organ Blog on September 30, 2016.

Short All Bounces In Deutsche Bank Stock – It’s Still Insolvent

Deutsche Bank has never had as safe a balance sheet in the past two decades and there is no basis for media speculations on clients leaving. – DB CEO, John Cryan in Bloomberg
So John, are you willing to make those statements under oath? The funniest report I saw today was that Deutsche Bank gave Tesla a $300 million credit line to fund Tesla’s vehicle leasing program (LINK). No wonder DB is insolvent. It’s willing to lend against collateral that spontaneously combusts. Not to mention the fact that Tesla back-end loads the terminal value of its vehicles on its leases in order the minimize monthly lease payments. Whoever approved that deal at DB is smoking strong weed.
Rumors about Justice Department multi-billion dollar fine settlements do not fix big bank insolvency. DB was insolvent before the Justice Department mortgage securities fine was conceived. Any legal fines levied by any Government will end up in line with the rest of Deutsche Bank’s creditors. Unless, of course, Grandma Merkel and her band of merry thieves agree to bailout the technically bankrupt bank. But that won’t occur until DB stock is well below $10.

This post was published at Investment Research Dynamics on September 30, 2016.

Illinois Suspends “Billions Of Dollars” Of Investment Activity With Wells Fargo

Just when you thought you could relax into the weekend knowing that the US (and world) banking system was ‘fixed’ again thanks to a rumor from French press, Wells Fargo take another hit. Following California’s decision to sever all banking ties with the bank, Illinois State Treasurer Michael Frerichs has confirmed his state’s plans to suspend billions of dollars of investment activity with Wells Fargo.

This post was published at Zero Hedge on Sep 30, 2016.

‘Big One’ Looms As Quake Swarm Strikes Southern California “In The Worrry Zone”

Just five months ago, experts warned that “the springs on the San Andreas system have been wound very,
very tight. And the southern San Andreas fault, in particular, looks
like it’s locked, loaded and ready to go.” And now, as The LA Times reports, a rapid succession of more than 200 small earthquakes began rupturing near Bombay Beach, at the southern tip of the San Andreas fault, continuing for more than 24 hours.

This post was published at Zero Hedge on Sep 30, 2016.

What to Do to Prepare for Financial Collapse: ‘Get Out of Debt. Store. Prep. Cash. Gold.’

Mass unemployment. Loss of income. Heavy dependence on assistance. And the biggest strain on the system we can imagine.
The United States is once again brought to the brink of collapse. Regardless of how dismissive mainstream voices are on the issue, it is clear that Americas is only a few shades and another crisis away from an all out return to the Great Depression era.
In 1929, it was a banking collapse that spread the panic, but it was the fallout in the heartland where its effects were felt. The means of survival become very difficult for the working class.
The comforts disappear, and even items like toilet paper are hard to come by. People line up in droves for handouts, because they are too desperate to do without. The proud become embittered as they wither to the bone, and people in the 1930s depression-era were hedged much better in mostly rural settings, with the ability to grow their own food.
Today, populations rely almost entirely upon deliveries, stocks and stores. All that could be gone in a matter of hours. If trucking were to halt, shelves would be empty and people would be rioting within three days, especially if EBT and other payments stopped or were cut off.

This post was published at shtfplan on September 30th, 2016.

Is America Still A Serious Nation?

Submitted by Patrick Buchanan via Buchanan.org,
Is America still a serious nation?
Consider. While U. S. elites were denouncing Donald Trump as unfit to serve for having compared Miss Universe 1996 to ‘Miss Piggy’ of ‘The Muppets,’ the World Trade Organization was validating the principal plank of his platform.
America’s allies are cheating and robbing her blind on trade.
According to the WTO, Britain, France, Spain, Germany and the EU pumped $22 billion in illegal subsidies into Airbus to swindle Boeing out of the sale of 375 commercial jets.
Subsidies to the A320 caused lost sales of 271 Boeing 737s, writes journalist Alan Boyle. Subsidies for planes in the twin-aisle market cost the sale of 50 Boeing 767s, 777s and 787s. And subsidies to the A380 cost Boeing the sale of 54 747s. These represent crippling losses for Boeing, a crown jewel of U. S. manufacturing and a critical component of our national defense.

This post was published at Zero Hedge on Sep 30, 2016.

October Surprise – Hillary FIRST, America SECOND

The Hillary Clinton email scandal never ends. In all reality, one has to really question why Democrats are allowing her to run as their candidate. They seem to be making a choice between being a Democrat and being an American. Hillary’s email practices will not go away because most reasonable people know that you do not destroy 50% of your emails, while claiming they are all personal, when you are taking money from foreign governments. The disclosure last month that the FBI collected nearly 15,000 new emails that Hillary failed to turn over during the initial investigation is just mind-blowing.

This post was published at Armstrong Economics on Sep 30, 2016.

Weekend Reading: Back Where We Started

Submitted by Lance Roberts via RealInvestmentAdvice.com,
In last weekend’s newsletter, I discussed the ’round-trip’ move of the market following the Fed’s latest announcement to NOT hike rates.
‘It is not surprising the Fed once again failed to take action as their expectations for economic growth were once again lowered. In fact, as I have noted previously, the Federal Reserve are the worst economic forecasters on the planet.
As shown in the table/chart below, not only are the expectations for economic growth now the lowest on record, the Fed has given up on 2% growth for the economy with the long-run economic projections now at just 1.9%.’

This post was published at Zero Hedge on Sep 30, 2016.