GLOBAL MARKETS SKATING ON THIN ICE

The market is starting to skate on thin ice. What will fall first? Every sector is getting erratic.

No Way Around European Banking System Bailout

Jason Burack and Eric Dubin are back for Episode #24 of Welcome to Dystopia!
During this episode, Jason and Eric start off by discussing Brexit and how gold and silver markets reacted to Brexit.
Jason and Eric discuss the gold and silver markets, an imminent European banking Crisis involving Deutsche Bank and other European banks, why it’s happening and what can be done about it along with other current events going on all over the globe including:

1) Japanese Savers Flooding to Physical Gold http://www.zerohedge.com/news/2016-07…

2) China planning to use more than $300 billion in saver’s pension fund capital for a bailout/Plunge Protection Team of their stock market http://www.zerohedge.com/news/2016-07…
3) Ben Bernanke visits Abe and Kuroda in Japan to discuss a new 10 trillion Yen “helicopter money” plan in next stage of Abenomics.
4) The more than $12 trillion in global government bonds that now have negative interest rates.
Peter Schiff joining team Bitgold/Gold Money!
Scumbag Nominees:
1) Hillary Clinton for getting off the FBI charging her http://www.nmws.us/fbi-insider-leaks-…
http://www.infowars.com/fbi-source-cl…
2) 26 Democrats who did the gun law “sit in” all own guns! https://heatst.com/politics/26-of-the…
3) Congresswoman Corrine Brown and her assistant running a fake charity and stealing $800k facing up to 300 years in prison http://thehill.com/blogs/blog-briefin…
4) Bernie Sanders endorses Hillary Clinton this week! What a hypocrite!
WE COULD HAVE SPENT OVER AN HOUR OF THE SHOW NAMING ADDITIONAL SCUMBAG NOMINEES INCLUDING THE TSA AGENTS WHO ASSAULTED A DISABLED GIRL, THE FAST AND FURIOUS PROGRAM SELLING GUNS TO THE PARIS TERRORISTS IN ARIZONA, AND THE POLICE OFFICERS WHO DELETED THE VIDEO OF DIAMOND REYNOLDS’ PHONE OF HER BOYFRIEND’S SHOOTINGhttp://www.againstcronycapitalism.org…

The People Want Answers To Why Their Standard Of Living Hasn’t Improved In 30 Years.

by James Quinn
The economy sucks for the majority of Americans. While the libs try to make the election about blacks, gays, and globull warming, the people want answers to why their standard of living hasn’t improved in 30 years.

You will find more statistics at Statista

Ron Paul Says the PPT Is Keeping Wall St in Record Territory! Etai Friedman: Fund Manager Goes All In On Precious Metals – Most Obvious Trade On the Planet!

Etai Friedman says he has never seen a bigger green light in his life. It is literally the most obvious trade on the planet. The trade is so good that Etai just rebalanced his portfolio from a very small gold and silver allocation to 75%! And he’s not done yet. He expects to go 100% towards precious metals within the next couple months.

Etai believes that only 2 or 3 things will hold their value in the coming crash.. gold, silver and maybe bitcoin. Gold and silver will explode in anticipation of all the money printing that is in the works.
The monetary easing is spilling into the US, and is taking down the 10 and 30 year treasuries, as well as the long-term interest rates. Every central bank is telegraphing us that they have the intention of debasing their currency in the hopes of spurring economic growth by fostering debt creation. That scenario has played out many times in the last 25 years, and it’s not going to work this time. Etai sees a collapse in the world economy and consequent money printing that will go into overdrive resulting in high rates of inflation within the next 5 years.
US stocks are the 2nd most overvalued that they have ever been in history. Stocks are ludicrously priced. The risk/reward in equities makes no sense. You can ride them up for maybe another 5 or 10 percent, but Etai is predicting an 80 percent drop in equities. It may take 3, 4, 5 years for that to happen but it will happen. Corporate bonds will be devastated, as well as government bonds when money printing goes into overdrive. We will go to negative yields.
Also, the end of the government bond market rally will be the world sliding into full-blown recession because it will be extremely deflationary, and when that gets detected by central banks, the money printing will explode. This will mean double-digit levels of inflation, possibly even hyperinflation. At that time, Etai might shift from precious metals into financial assets in the midst of a financial apocalypse where de-leveraging is happening on a major scale and paper money has lost 2/3 to 80% of it’s value.
Further, Etai contends that the Fed is done raising interest rates. The next move will be an interest rate cut, but it won’t happen overnight. In the first quarter of 2017 we will see a rate cut in the US and then probably negative rates. All of this coupled with the fact that the world can’t take on more debt is the biggest green light for owning gold and silver that has happened since the 70’s. If you are not long in gold and silver, you are badly positioned.

Cash-Strapped Towns Are Un-Paving Roads They Can’t Afford to Fix

PHOTO CREDIT Matthew Fern FLICKR

WHEN MONTPELIER DECIDED to rip up a pothole-riddled asphalt road and replace it with gravel in 2009, it didn’t see itself at the forefront of a growing trend in public works. It was simply responding to a citizen complaint.
City Hall received a hollering from a couple living on Bliss Road in the Vermont capital who wanted to sell their home, but feared the horrifying pavement in front of the house would scare away buyers. They had reason to be pissed off: The city of 8,000 people ranks pavement on an index of one to 100. Bliss Road scored a one.
Repaving roads is expensive, so Montpelier instead used its diminishing public works budget to take a step back in time and un-pave the road. Workers hauled out a machine called a “reclaimer” and pulverized the damaged asphalt and smoothed out the road’s exterior. They filled the space between Vermont’s cruddy soil and hardier dirt and gravel up top with a “geotextile”, a hardy fabric that helps with erosion, stability and drainage.

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In an era of dismal infrastructure spending, where the American Society of Civil Engineers gives the country’s roads a D grade, rural areas all over the country are embracing this kind of strategic retreat. Transportation agencies in at least 27 states have unpaved roads, according to a new report from the National Highway Cooperative Highway Research program. They’ve done the bulk of that work in the past five years.
“We didn’t know how prevalent this was,” says Laura Fay, an environmental science researcher with Montana State University’s Western Transportation Institute, who helped compile the report. But there’s clear reason for it. The Congressional Budget Office finds that the while public spending on transportation and water infrastructure has actually increased since 2003, the costs of asphalt, concrete, and cement have jumped even faster. With those extra expenses factored in, public expenditures on transportation infrastructure relative to cost fell by nine percent between 2003 and 2014.
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Eurozone to EXPLODE: Demand for referendums after Brexit 'puts currency on the brink'

THE eurozone is set to be destroyed due to the poor economies of Greece and Italy, a leading economist has warned.

By Katie Mansfield

 

 

 

Economist Max Otte said the eurozone will explode

Max Otte also said the demand for referendums in the wake of Brexit threatens to destroy the eurozone as Brussels struggles to reform.
The economist told German Magazine Focus southern countries who cannot afford reforms would be forced to leave the Euro as he said the anti-EU sentiment “cannot be avoided”.
He said: “In France populist voices may get very strong. It would be highly likely though that the EU would be destroyed if France was to exit. Anything else, aside from Germany, the EU can take.

“There would be an urgent need for reforms for the Euro as well. Southern countries who can't afford to would have to leave the eurozone.
"Instead we are doing the opposite, meaning, we are now also burdening the German banking system with a union based on joint liabilities only to drag on the insolvency of the south and to go into insolvency together one day.”
Economists are already fearing struggling Italian banks could spark a major financial crash as the European Central Bank deals with a struggling eurozone economy and debt-burdened Greece, Italy, Spain and Portugal.

GETTY

Fears have been raised the struggling Italian banks could spark a major financial crisis

Max Otte said Brexit should lead to major reforms in the EU

EU bosses have told Italy to stop asking for a £3.4billion payout to save its banks as German finance chiefs warned Berlin cannot be expected to foot the bill.
Mr Otte said at some point the eurozone will explode.
He said: “Today we know that the Euro has damaged and thrown back the EU immensely. I said in my presentation in April 1998 that the system will last for about ten years, before the difficulties would begin.

Mr Otte said the Euro has damaged the EU

“It lasted for about eleven years before the issues began. The issues are gigantic. The states in Europe have conspired to keep this art project alive. As long as I apply this constraint, as long as there are still reserves in the system this will continue.
“I don't expect that the Euro will explode in the next years. At some point it has to explode because it's artificial and can't function in this form.”
In June it was decided the European Central Bank would be allowed to buy up debt and prop up the eurozone’s ailing economies, supported by Germany’s central bank.

At the height of the financial crisis, chief of the ECB Mario Draghi pledged to do "whatever it takes" to keep the eurozone's financial structure from imploding.
But Mr Otte said the crisis is ongoing when the EU needs to pull together.
He said: “We have indeed entered a financial crisis in instalments. We're facing tough times - I can confirm that. I can't yet see the figurative light at the end of the tunnel.”
He added: “The Brexit can and has to be the impetus for a basic reformation of Europe.”

Another German Bund auction failed. €5bn 10y Bund launch gets only €4.783bn bids as first 10y sale w/ neg yields.

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Holger Zschaepitz @Schuldensuehner

Another German Bund auction failed. €5bn 10y Bund launch gets only €4.783bn bids as first 10y sale w/ neg yields.