Is the Fed Getting Cold Feet About the QE Unwind?

by Wolf Richter
Wolf Street

Curious things are happening on its balance sheet.

The last Fed meeting ended on September 20 with a momentous announcement, confirming what had been telegraphed for months: the QE unwind would begin October 1.

The unwind would proceed at the pace announced at its June 14 meeting. It would shrink the Fed’s balance sheet – “balance sheet normalization” it calls that – and undo what serial bouts of QE have done: gradually destroying some of the money that had been created out of nothing during QE.

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Gold Up 74% Since Last Market Peak 10 Years Ago

by Jan Skoyles

Ten years ago last week the U.S. stock market hit a peak before crashing during the financial crisis. That now seems a like a distant memory but with stocks making new record highs every day recently, it is prudent to step back and evaluate the long term performance of assets and indeed the outlook in the coming years.

Today the S&P 500 continues to make headlines as it repeatedly reaches new highs, most notably in September as it pushed past 2500 despite North Korean/Trump war drums.

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Mainstream Media Will Not Cover Treason, North Korea Update, Cartoon Markets

Greg Hunter’s Weekly News Wrap-Up for October 20th, 2017

by Greg Hunter
USA Watchdog

The mainstream media refuses to cover the real Russian collusion and treason story. If you watch the MSM, you will not hear that President Obama and Hillary Clinton signed away one-fifth of U.S. uranium production with what looks like bribes to the Clinton Foundation in the form of “donations.” The FBI, under Robert Mueller, knew all about the shady Russia deal and ignored it. The second in command at the Justice Department, Rob Rosenstein, also knew about it as he investigated part of the kickbacks and bribes surrounding the deal. Fast-forward to today, and you have Rosenstein hiring Robert Mueller to investigate Trump and collusion with the Russians in the 2016 election. There has not been a single person charged after a year and a half of “investigating” by Mueller. There are calls for these people to step down and an investigation be started on all involved in this uranium deal. You cannot make this stuff up.

The U.S. Navy and South Korea are conducting war games around the Korean peninsula. North Korea has slammed the warship gathering as a “rehearsal for war.” Meanwhile, Russia is warning the U.S. not to “back North Korea into a corner.”

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The World’s Largest ICO is Imploding After Just 3 Months

from Zero Hedge

Earlier this summer, Tezos smashed existing sales records in the white-hot IPO market after the company’s pitch to build a better blockchain for cryptocurrencies made it one of the buzziest ICOs in the world. As we noted at the time, the company capitalized on that buzz by courting VC firms and other institutional investors with a $50 million token pre-sale. After the company opened up selling to the broader public, demand soared as investors greedily bought up tokens in spite of glitches that threatened to derail the sale early on. By the end of its weeks-long token sale in July, Tezos had sold more than $230 million.

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30-Year Anniversary of the 1987 Stock Market Crash

from Peter Schiff

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Our Nation Deserves to Fail

by Karl Denninger

I will lay out the indictment here in brief form. It’s aimed at the American public at large because this is what is tolerated on a daily basis and what it costs us. I’ll leave this open for comment for a couple of days, after which I’m locking the topic.

Let’s see if anyone can make the case for what they intend to do both personally and collectively about any of this — and I’ll keep this one short. Trust me, there may be more where this came from if I decide it’s worth my while. After all it’s not like I don’t have 11,000 articles written over the last decade to draw from….. oh wait….

Let’s start with Hillary Clinton and Barack Obama. There is now incontrovertible evidence that several years before the Uranium One deal was signed off on by both Hillary and Obama, a deal that sold 20% of American uranium assets to Russia (and we all know what uranium is used for, right?), the FBI had an ongoing investigation into the Russian principals of that transaction for bribery and extortion. There are only two possibilities, of course: Either the FBI (all of it) intentionally concealed the existence of the investigation from the administration or the administration knew damn well that the deal was coerced and went along with it despite having full knowledge of same.

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Gold, Silver, Bitcoin and the Death of Truth – J.S. Kim

from SGTreport

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Crypto is a Major Bubble Right Now

by James Altucher
Daily Reckoning

Yes, cryptocurrencies are in a major bubble.

But don’t let that word scare you away.

Crypto opportunities are NEVER going away, and generational wealth WILL be made.

I’m telling you the opportunity here is immense. Think, “internet 1994” — a lot of people got very rich before that bubble burst.

One day soon, “B.C.” will stand for “before crypto” and “A.C.” will stand for “after crypto.”

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Whatever Gold Happens in China Stays in China | David Morgan

from Reluctant Preppers

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The Big Why

by Hardscrabble Farmer
The Burning Platform

In the past few weeks America has been given a chance to examine it’s pathological descent up close and personal. Knee deep in a growing pile of human wreckage that is the opioid epidemic additional bodies have been heaped upon the charnel pile. First in Las Vegas and then in Hollywood, two towns that personify our ever increasing addiction to debauchery and dissolution. Cities built, not on an ethic of hard work and sincerity, but rather on fantasy and falsehoods.

Entire industries that prey upon the weakness of the body politic in order to bolster and empower the most venal and corrupt, the whore mongers and pimps. It has always been a one way street, an endless grift where fantasies are sold as reality and where both dollars and morality are stripped away from the rubes in flyover country like the garments from a young actress.

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Jordan Roy-Byrne Interview with Korelin Economics Report – 10.19.2017

from TheDailyGold

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Harry S. Dent Jr. & Chris Waltzek on GoldSeek Radio – October 19, 2017

by Chris Waltzek
GoldSeek Radio

On the ground in Puerto Rico Harry S. Dent Jr. offers first hand perspective on the plight of 3.4 million inhabitants struggling to survive on little if any power, basic utilities and provisions; he recalls a harrowing 15 hour ordeal amid Hurricane Maria as he waited out the storm in his condo – many adjacent units are sans windows. Still living without power, sent a small power inverter to facilitate laptop / mobile usage. Listener’s are asked to send care packages to his address – offers free shipping to the island for Prime members. Dried foods, MREs, canned items, batteries and small rechargeable solar items are appreciated. Meanwhile, our guest views US equities indexes as a financial bubble looking for an opportunity to implode. In similar fashion as the now infamous crash of 1987 or the 40% tech crash of 2000, investors may have little warning if any to exit the market before a 25%+ drop unfolds.

Click Here to Listen to the Audio

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Senator Paul Speaks on Obamacare Amendment

from SenatorRandPaul

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