Wealthiest 1 percent own ‘half of all household wealth’ – report


Preview Worldwide wealth inequality keeps growing, with the richest 1 percent of the global population accounting for “half of all assets in the world,” according to a new report. Meanwhile, the poorest half has just 1 percent of its wealth at its disposal.
Read Full Article at RT.com

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Democratic Debate Post Mortem (In 1 Poignant Image)

Sanders by a landslide…

In the Polls..




In Searches…



And On Twitter…




*  *  *

So to sum up…It's lonely sometimes…




*  *  *

Some key excerpts…

Jane Wells summed up one exchange perfectly as Hillary's alleged law-breaking was conveniently swept under the carpet…



And Benghazi won the early rounds…


But Wall Street "won" overall…


Hillary and her average-American-ness…


On College education affordability (and pretty much everything else)…


via Zero Hedge Read More Here..

Lavrov: Unclear what exactly US is doing in Syria & why results so insignificant


Preview The Russian Foreign Ministry has questioned the effectiveness of the US-led year-long air campaign in Syria, saying it’s unclear “why the results of so many combat sorties are so insignificant.” Failing to curb ISIS, the US has now “adjusted” its program.
Read Full Article at RT.com

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ISIS calls on ‘Islamic youth’ to ignite holy war against Russians & Americans


Preview Islamic State has called on its “youth” supporters world-wide to launch a “Holy War” against US and Russia in retaliation for their “crusader’s war” on Muslims in Syria.
Read Full Article at RT.com

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What You’re Supposed To Think Vs What You Think

Authored by Jon Rappoport,

I could trace my 30 years of investigative reporting as one long project emanating from what people are supposed to think.

What they’re supposed to think about nuclear weapons, pesticides, medical drugs, vaccines, presidential elections, major media, the CIA, US foreign policy, mega-corporations, brain research, collectivism, surveillance, psychiatry, immigration…

In each case, there are a set of messages broadcast to the population. These messages are projected to replace what people would think on their own, if left to their own devices.

And in many cases, these messages have the same underlying theme: feel unlimited sympathy.

Feel unlimited sympathy or else.

In the area of immigration, for example, people are supposed to welcome endless numbers of refugees to their shores and cities and towns.

If they don’t put out the welcome sign, they’re evil, they’re cold, they’re “capitalists,” they’re unloving, they’re cruel, inhumane.

They’re immune to proper feelings of guilt and shame.

There is also an interesting guilty “we” attached to the issue. “We” invaded other countries, “we” bombed populations, imposed devastating economic sanctions, launched corporate takeovers—and therefore “we” should now open our doors to these refugees.

The government didn’t do these things. The State didn’t do these things. “We” did.

“We” is a very, very popular collectivist concept. It assigns massive guilt, while somehow exonerating the political leaders of the collective.

“We” is a great cheese glob that envelops all of us. “We” is a metaphysical construct that replaces “I.” There is no “I.”

Therefore, what some “deluded individual” might think and decide and determine on his own—which could very well run counter to the “we”—is irrelevant.

When it’s time to undertake wars on a grand scale, there is a George Bush who announces what the “we” wants. And when it’s time for the guilt and the sympathy and the bleeding heart, there is an Obama who announces what the “we” wants.

In general, the “we” is there to convince the individual that he is useless and powerless against the advancing cheese glob. He need not bother thinking what he really thinks, because it would make zero difference. Much better to become part of the “huddled mass,” waiting for instructions on how best to serve humanity.

Logic, rational consideration, the ability to analyze a line of thought and find flaws and gaps and deceptions? An outmoded concept that doesn’t apply to the “we.”

You see, the “we” is something quite different. It proceeds by a) committed aggression or b) endless sympathy, depending on what is called for by our leaders.

It moves like inexorable lava slowly leaking away from a volcano. The glob.

It needs no individual intelligence. Making distinctions is unnecessary.

And, one thinks, perhaps the solution to this wretched state of affairs is finding a different “we” to belong to. That will solve the whole problem.

But the underlying solution, as formidable as it may seem, is: dismantle the whole “we.” Expose it for what it is. And reinstate the individual and what he does think, as opposed to what he should think.

The cheese glob, the lava glob, the advancing fungus is the false construct. It was put there and massaged and stimulated to engage the individual and make him think he was excessively “privileged.” He was an outsider who couldn’t see the need and the joy of “belonging.”

He was behaving like a criminal, even a terrorist. He was detracting from the power and the warmth and the humanity of the collective hearth.

What most people take to be Reality is actually invented for the “we.”

And to take all this a step further, Reality is meant to distract the individual from discovering the depth of his own power, which is to say, creative power.

Every organized religion, every State, every so-called spiritual system and philosophy is built to derail the individual in this way.

After all, Reality points to itself. Reality says, “Look at this. Look at me. Understand me. This is what you need to focus on. This is all there is.”

And so it seems the main attribute of the individual is “perceiving what is.” Perceiving Reality.

However, detaching one’s self from that prescription reveals another opportunity, vast in its possibilities:

The ability to analyze the “we” and its many messages and discover what they are and how they are designed—and the capacity to imagine and invent new independent realities without end.

The scope and range of what the individual can do, in this regard, is limited only by: what he can imagine.

The psyop of all psyops seeks to bury this fact.

via Zero Hedge Read More Here..

“Mommy, Am I Gonna Die?”: Cop Aims For Dog, Shoots 4 Year Old, After Injured Mom Calls 911

To Protect and Serve? When Whitehill resident Andrea accidentally cut her arm on glass, her sister frantically called 911, "I need a paramedic." Columbus Police Officer Jon Thomas responded to the house where he pulled out his gun and shot toward the family's dog (which he claims ran toward him), missed, and hit Andrea's four-year-old daughter Ava in the leg, shattering her bone.


As The Columbus Dispatch reports, Andrea also revealed that the cop never apologized or asked if Ava was okay and immediately left after shooting her.

A Columbus police officer accidentally wounded a 4-year-old girl in Whitehall on Friday when he fired at a charging dog, police said.


A neighbor and the girl’s uncle identified her as Ava Ellis, who was taken to Nationwide Children’s Hospital, where police said she was in stable condition.


The officer was at a house in the 4100 block of Chandler Drive investigating a hit-and-run case about 3:10 p.m., Columbus police spokeswoman Denise Alex-Bouzounis said.


As the officer was walking from the home to his patrol car, a woman a few houses away called out to him, saying her sister and the girl’s mother, Andrea Ellis, had cut herself.


The officer was at the doorway when a dog charged at him, Alex-Bouzounis said.


The officer fired once, missing the animal but striking the girl in the right leg. It was unclear whether the girl was hit directly or by a ricochet. The officer has not been identified.

Neighbors say the officer walked back to his patrol car after the shooting.

“He seemed a little disoriented, like he was really bothered,” said Norman Jones, who called the police after hearing the shot. Columbus and Whitehall police arrived at the scene shortly afterward.


“Mommy, am I gonna die?” four-year-old Ava Ellis asked her mother.

The family created a Facebook page for Ava.


As Salon reports, her mother Andrea wrote her account of the incident in a post. She names the police officer who shot her child, Jonathan Thomas, and says that, as soon as he saw the dog, who was eight to 10 feet away from him, he fired — in the direction of her eight-year-old niece and Ava.

Officer Thomas claimed that the dog charged at him, but Andrea’s sister Brandie denies this, and says the pet was in the house when he shot at it.


Andrea also revealed that the cop never apologized or asked if the four-year-old was okay and immediately left after shooting her. Neighbors have corroborated this account. Ava’s mother wrote:


Officer Thomas then told my sister to stop yelling at him and walked back to his vehicle. Officer Thomas never said sorry, never said it was an accident, never said that he called for help or was going to call for help, never asked if Ava was ok, and never asked if he could check on Ava. Officer Thomas went back to his vehicle and started to pull away. My neighbors have even verified that he started pulling away before any help was there. Officer Thomas shot Ava and left knowing he shot Ava and not knowing the condition she was in.”

The young girl was taken to a nearby hospital, and is in stable condition. The Inquisitr reported that Ava started school in a wheelchair, and may walk with a limp for the rest of her life… and will likely forever mistrust the police…


via Zero Hedge Read More Here..

‘It remains our belief’: US insists rebels downed MH17 with BUK missile, ignores Dutch report


Preview The US continues to pursue its “belief” that it was rebels who downed flight MH17, despite a 15-month-long Dutch-led probe which has not definitively concluded who fired the BUK surface-to-air missile, and the precise location from which it originated.
Read Full Article at RT.com

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Part 3: 20 More Signs That The Global Elite’s Ship Is About To Sink


by Lance Schuttler

With the signs that the intensity of the geopolitical chess game is continuing to increase, it’s been decided that Part 3 of this developing story needed to be written. If you have not yet read part 1 or part 2, consider doing so before finishing this article as it will make much more sense. Once again, there is a battle going on between a very large international alliance that is working for the benefit of humanity versus a shrinking cabal of banking and political elite. This battle is taking place politically, financially, militarily, and energetically; and is becoming increasingly clear to see.

September 7th, 2015: China’s New Oil Contract Signals Shift Away from Brent Crude and US Dollar. Beginning in October, China will begin trading their new oil contract with the yuan and not the US Dollar. This move is huge as the Brent Crude Oil contract has been the global benchmark since the 70′s. The question is, will OPEC nations continue their pivot East by dropping the Dollar and using the yuan?

September 10th, 2015: China’s Shanghai Gold Exchange announces that physical gold bullion will be allowed to be used as collateral on future’s contracts, beginning September 29th, 2015. “This development is an important one for the gold market and is bullish for gold. It shows, once again, that gold is slowly but surely becoming a cash equivalent and as money again. Gold’s re-monetisation in the international financial and monetary system continues.”

September 12th, 2015: Ex-NYSE Chief Admits “It’s not a fair market…It’s bad for the country.” Dick Grasso comes out and slams the markets on Wall St. For someone “in the know” like Mr. Grasso to come out and say this publicly, shows that worldwide confidence in the system is evaporating. Additionally, it shows that more and more people once on the “inside” are coming out and blowing the whistle.

September 17th, 2015: The Federal Reserve announces that it will not raise interest rates. As many economists have been saying, the Fed is stuck and are backed into a corner; with the corner shrinking by the day.

September 22, 2015: Hacktivist group Anonymous announces “Black October” campaign against the U.S. banking system, which calls for all citizens to use only cash as a means to accelerate the implosion of the central banking pyramid scheme. Though people may not think this is much of a deal, we can be certain it is as every action creates a ripple effect in the fractal universe we live in. The effects may or may not become immediately felt, but you can be sure this campaign will have a large impact in bringing down “the matrix.”

September 24th, 2015: ” In a startling turn of events, retired general John Allen will be stepping down as special envoy to the global coalition fighting ISIL and will be leaving government employment entirely.” As we are seeing, the NWO-created “ISIL” illusion is collapsing.

September 25th, 2015: U.S. House Speak John Boehner resigns. Interesting that two very big names and positions resign almost simultaneously, isn’t it? This resignation came also as Pope Francis was visiting the U.S…

September 27th, 2015: Citing directly from the Zerohedge headline, “China To Join Russian Military in Syria While Iraq Strikes Intel Deal With Moscow, Tehran.” If you remember what many of the signs have been in the past two articles, you’ll notice that the BRICS (Brazil, Russia, India, China, South Africa) nations trend is continuing. We are seeing the Alliance come to the aid of those nations who have been controlled by the banking/political cabal.

September 28th, 2015: Reuters reports that Swiss competition watchdog WEKO has launched an investigation into whether UBS, Julius Baer, Deutsche Bank, HSBC, Barclays, Morgan Stanley and Mitsui conspired to set bid/ask spreads in the metals trading of gold, silver, platinum and palladium. As Zerohedge reports, “UBS is about to blow the cover on a massive gold-rigging scandal…which simply means that now the official countdown on the announcement of what will be revealed as the biggest gold-manipulation and rigging scandal in history, has begun.”

October 1st, 2015: CNN analyst says on live television, “U.S. led ISIS coalition.” Essentially, CNN just said the US is working with and helping ISIS. The lies continue to be revealed, either incidentally or intentionally.

October 5th, 2015: Russia Today reports that over 50 ISIL targets have been hit by the Russian Air Force and that the terrorist group is now severely dismantled. Russia has done in a few days what was allegedly taking the U.S. years to do. The Cabal’s ISIL lie will continue to unravel and will lead to much more freedom and peace throughout the Middle East and world.

October 6th, 2015: Physicist Mehran Keshe announces that he will begin distributing the prototype and blueprint of his reactor that allegedly produces what many know as “free energy” on October 16th, 2015. I suggest we approach this with an open mind and optimism. We all know that the time is coming when these technologies can no longer be suppressed. The only question is, how much longer will it be?

October 8th, 2015: Monsanto announces it will cut 12% of its’ employees as profits continue to fall. The poisoning of our world will not last much longer.

October 8th, 2015: Germany’s largest bank, Deutsche Bank, announces a $7 billion quarterly loss along with the potential elimination of the bank’s dividend. The following day, Switzerland’s second largest bank, Credit Suisse, announced that it too needs more cash and will begin a “substantial capital raising” plan.

October 8th, 2015: Fund manager Dave Kranzler of Investment Research Dynamics says “Something just blew up in the global financial system.” In his article, Dave talks about the significance of Deutsche Bank’s $7 billion loss announcement and its relation to Glencore’s crashing stock. These two events are massive and according to this analyst, is “evidence the bankster’s rigging scheme is crumbling.”

October 9th, 2015: Steorn Orbo announces that it will give a live videocast showing of their alleged free energy technology on October 28th, 2015. What will the result be?

October 9th, 2015: Norway continues to experience financial issues as Zerohedge explains the situation, “Another Petro-State Throws in The Towel- The Last Nail in the Petro-Dollar Coffin.” We see the war and oil backed US Dollar continuing to fail. The banking cabal is on it’s last leg.

October 9th, 2015: The White House announces it will stop it’s campaign to train Syrian rebels to fight ISIL. Translated, we continue to see the cabal’s plan to overtake Syria failing miserably and their “ISIL” lie coming to light.

October 9th, 2015: China’s Central Bank launches a global yuan payment system. “The China International Payment System (CIPS) intends to internationalize the yuan and challenge the US Dollar’s [previous] dominance.” Helen Wong, HSBC’s China chief executive says, “The establishment of the CIPS is an important milestone in yuan internationalization, providing the infrastructure that will connect global yuan users through one single system.” The global currency reset into metal and asset backed currencies just took a massive leap closer to full implementation.

October 12th, 2015: Coming back to what I’ve written previously in part one and part two, movements to free the global collateral accounts continue to be made with much success by Neil Keenan and his team. As I’ve stressed before, if there is one item from these articles that you could research, the movements to free the global collateral accounts for humanity’s benefit would be it. Again, these accounts have very strong ties to the assassination of JFK and to the events of 9/11. Do yourself and the world a favor and begin to learn about the deepest financial secret the banking cabal has: the global collateral accounts.



Vía The Galactic Free Press http://ift.tt/1Ra0jku

And So It Begins – Managed High Yield Bond Fund Liquidates After 17 Years

Since inception in June 1998, UBS' Managed High Yield Plus Fund survived through the dot-com (and Telco) collapse and the post-Lehman credit carnage but, based on the press release today, has been felled by the current credit cycle's crash. After 3 years of trading at an increasingly large discount to NAV, and plunging to its worst levels since the peak of the financial crisis, the board of the Fund has approved a proposal to liquidate the Fund. While timing is unclear, this is the worst case for an increasingly fragile cash bond market as BWICs galore are set to hit with "liquidty thin to zero."


Having survived 17 years…


It's Over… (as The Fund Statement reads):

Managed High Yield Plus Fund Inc. (the "Fund") (NYSE:HYF) announced today that the Board of Directors (the “Board”) of the Fund has approved a proposal to liquidate the Fund in 2016, subject to shareholder approval.


After careful deliberation and a thorough review of the available alternatives, and based upon the recommendation of UBS Global Asset Management (Americas) Inc. (“UBS AM”), the Fund’s manager, the Board has determined that liquidation and dissolution of the Fund is in the best interests of the Fund. A proposed plan of liquidation will be submitted for the approval of the Fund’s shareholders at a special shareholders meeting of the Fund, which will be scheduled to be held in April 2016. If the shareholders approve the proposed plan, the liquidation and dissolution of the Fund will take place as soon as reasonably practicable, but in no event later than December 31, 2016 (absent unforeseen circumstances).


Further information regarding the liquidation proposal, including the plan of liquidation, will be included in the proxy materials that will be mailed to the Fund’s shareholders in advance of the shareholders meeting.

*  *  *

This is a nightmare for the corporate credit market, where, as we noted previously "liquidity is thin to zero."…

…discussing illiquid corporate credit markets is easier if you find yourself among polite company. You see, the lack of liquidity in the secondary market for corporate bonds is a somewhat benign discussion because although it unquestionably stems from a noxious combination of regulatory incompetence and irresponsible monetary policy, myopic corporate management teams and the BTFD crowd, not to mention ETF issuers, have also played an outsized role, so there’s no need to lay the blame entirely on the masters of the universe who occupy the Eccles Building and on the "liquidity providing" HFT crowd that’s found regulatory capture to be just as easy as frontrunning.


But while explanations for the absence of liquidity vary from market to market, the response is becoming increasingly homogenous. Put simply: market participants are simply moving away from cash markets and into derivatives. Where market depth has disappeared, it’s become increasingly difficult to transact in size without having an outsized effect on prices. This means that for big players – fund managers, for instance – selling into ever thinner secondary markets is a dangerous proposition. And not just for the manager, but for market prices in general.

In Treasury markets, traders have turned to futures to mitigate illiquidty… 

while corporate bond fund managers utilize ETFs and other portfolio products to avoid trading the underlying assets…

With the stage thus set, Bloomberg has more on the move to smaller trades and cash market substitutes:

Sometimes less is more. At least according to investment managers trying to navigate Europe’s credit markets.


TwentyFour Asset Management capped a bond fund to new investors at 750 million pounds ($1.2 billion) and JPMorgan Asset Management, which is marketing a 128 million-pound fund, said smaller investments are more flexible in a sell-off. Other managers are also limiting the size of their trades and using derivatives to avoid getting trapped in positions.


It’s become more difficult to buy and sell securities as Greece’s financial crisis curbs risk taking and dealers scale back trading activity to meet regulations introduced since the financial crisis. The Bank for International Settlements warned of a "liquidity illusion" in June because bond holdings are becoming concentrated in the hands of fund managers as banks pull back.


"Liquidity is generally poor in corporate bond markets and in the U.K. market it’s thin to zero," said Mike Parsons, head of U.K. fund sales at JPMorgan Asset Management in London. "You don’t want to be in a gigantic fund where there’s potential for a lot of investors rushing for the exit at the same time. Smaller funds are more nimble."


"Without enough strong liquidity, it’s hard to execute bond trades in sufficient size or price to move portfolio risk around quickly or cheaply," he said. "The bigger the position, the harder it is to find enough liquidity to sell it or buy it."


Liquidity in credit markets has dropped about 90 percent since 2006, according to Royal Bank of Scotland Group Plc. That’s because dealers are using less of their own money to trade as new regulation makes it less profitable.


Euro-denominated corporate bonds got an average of 5.3 dealer quotes per trade last week, up from 4.5 recorded in January and compared with a peak of 8.8 in 2009, according to Morgan Stanley data. That’s based on dealer prices compiled by Markit Group Ltd. for bonds in its iBoxx indexes.


Liquidity is especially bad in the U.K. corporate bond market, which is being abandoned by companies looking to take advantage of lower borrowing costs in euros and investors seeking securities that are easier to buy and sell.


NN Investment Partners said it seeks to manage difficult trading conditions by diversifying positions and capping trade size. The Netherlands-based asset manager avoids owning large concentrations of a single bond and uses derivatives such as credit-default swaps or futures that are easier to buy and sell, said Hans van Zwol, a portfolio manager.


"We really want to stay away from positions we can’t get out of," he said.

The conundrum here is that the more reluctant market participants are to venture into increasingly illiquid cash markets, the more illiquid those markets become.

And here are the fund's largest holdings…


*  *  *

Of course, this should not be a total surprise, in light of the near-record up/downgrade ratio…

Credit-rating firms are downgrading more U.S. companies than at any other time since the financial crisis, and measures of debt relative to cash flow are rising.



Standard & Poor’s Ratings Services downgraded U.S. companies 297 times in the first nine months of the year, the most downgrades since 2009, compared with just 172 upgrades.

Deteriorating fundamentals…

U.S. companies have increased borrowing to levels exceeding those just before the financial crisis, as firms pursue big acquisitions and seek to boost stock prices by buying back shares. According to one metric, the ratio of debt to earnings before interest, taxes, depreciation and amortization for companies that carry investment-grade ratings, meaning triple-B-minus or above, was 2.29 times in the second quarter. That’s higher than the 1.91 times in June 2007, just before the crisis, according to figures from Morgan Stanley.

“We’re seeing more widespread weakness across more industry sectors in the U.S.,” Ms. Vazza said. “It’s become broader than just the commodity story.”


“The metrics that you measure health and credit by have peaked a while ago,” said Sivan Mahadevan, head of credit strategy at Morgan Stanley. “They are beginning to deteriorate.”

*  *  *

And as we noted earlier, the credit cycle has well and truly rolled over…


And no lesser market veteran than Art Cashin is concerned, What are the signals you are looking for to stay on top in such a market?

 I continue to monitor the high yield market and see where that goes. The high yield market has been of some concern of the last several weeks. If that begins to show appreciable weakness than I would think the caution flags stay up.


Charts: Bloomberg

via Zero Hedge Read More Here..