I saw evidence of supply chain shortages last week to buy new shoes before
traveling for work, two stores had empty shelves. One was a shoe store with
empty shelves, the other was Academy Sports both huge national chains.
Then it was large sections of empty shelves at a Vitamin shop, I asked why the
shelves, said waiting for deliveries. Basically it is china stopped taking fetal guts
debt treasuries for product.
This will rapidly compound with currency failure, which is falling profit margin of
higher tax, min wage with payroll tax, each days receipts brings less quantities
reordered. Phase transition is when they are going broke slowly at first, then
all the sudden.
This is the importance of stocking goods and long term needs, down to shoes.
Stick a fork in the ignorance cult.
Bundesbank Defies Elites: Warns That "Plans To Abolish, Criminalize Cash Out Of Line With Freedom"
Submitted by Tyler Durden on 04/17/2016 - 17:35
With everyone from ivory tower academics to sin-street hookers proclaiming the need for and benefits of a "war on cash" to save the world from criminals and tax-evaders (oh yeah and to stop NIRP-driven savers from hording cash and crushing central planners' dreams), it is perhaps shocking that Bundesbank board member Carl-Ludwig Thiele warned at an event this week that the attempt to abolish and criminalize cash is out of line with freedom. He said that citizens should continue to decide how and in what form they want to use their money.
The Real Reason Hillary Clinton Refuses To Release Her Wall Street Transcripts
Submitted by Tyler Durden on 04/17/2016 - 21:05
"It was pretty glowing about us... It’s so far from what she sounds like as a candidate now. It was like a rah-rah speech. She sounded more like a Goldman Sachs managing director."
Saudi Arabia Threatens To Liquidate Its Treasury Holdings If Congress Probes Its Role In Sept 11 Attacks
Submitted by Tyler Durden on 04/17/2016 - 09:13
Saudi Arabia has told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars’ worth of American assets held by the kingdom if Congress passes a bill that would allow the Saudi government to be held responsible in American courts for any role in the Sept. 11, 2001, attacks.
Hungary Issues Sovereign Bonds Denominated In Yuan: Another Nail In US Reserve Currency Status?
Submitted by Tyler Durden on 04/17/2016 - 10:35
Hungary priced the three-year bond at a yield of 6.25%, raising 1 billion yuan ($154 million), a small size for a sovereign deal. Bankers not involved in the transaction estimate that if Hungary issued debt in U.S. dollars and swapped the proceeds into yuan, it would have paid almost 1% less in annual interest costs. The dim-sum market isn’t an appealing market right now. Issuance of offshore yuan bonds has been falling consistently since Beijing’s decision to devalue its currency by 2% in August last year—the prospect of another yuan devaluation has sapped much of the appeal of such bonds for offshore investors.