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By Tyler Durden

Moments ago, CNN Turk reported that the Russian ambassador to Ankara, Andrey Karlov, has been shot in Ankara.

BREAKING CNN Türk Ankara reporter says Russian ambassador Andrey Karlov to Ankara shot in #Ankara, condition unknown. pic.twitter.com/OaXcD6vYCC

— CNN Türk ENG (@CNNTURK_ENG) December 19, 2016

SON DAK?KA:
Rusya’n?n Ankara Büyükelçisi silahl? sald?r?da vurulduhttps://t.co/UU8dZVz6N8 pic.twitter.com/IrGuVgVXcf

— Hurriyet.com.tr (@Hurriyet) December 19, 2016

Turkish NTV adds that the ambassador has been seriously wounded in the attack, and CNN Turk adds that he was shot in the back.

The Turkish Lira is sliding on the news:

Developing story.

…read more

Source: Russian Ambassador In Turkey Shot, Seriously Wounded In Ankara Attack

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By Tyler Durden

Following Friday’s quad witch VIX puke, this morning’s open has extended that volatility collapse as the ‘fear’ index just broke to an 11 handle. However, the high correlation between stocks and VIX is back as stocks are not as exuberantly running as VIX would imply…

Another VIX slam…

But stocks not exactly loving this…

VIX has not seen an 11 handle since 12/9 (when The Dow was 250 points lower).

…read more

Source: VIX Slammed To 11 Handle But Stocks Not Surging

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Saudi Arabia and Japan’s Rakuten have pumped $350 million into Careem, elevating it to unicorn status. …read more

Source: Uber’s Mideast rival is worth $1B after Saudi investment

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By Tyler Durden

Submitted by Charles Hugh-Smith via OfTwoMinds blog,

Regardless of your ethnicity, class or religion, if you perceive the institutions that govern American life as corrupted, riddled with favoritism and spin or as broken, you're a Deplorable.

Are you a Deplorable? The answer might surprise you. Take this short quiz to find out.

1. If you agree with this characterization of American Elites: “The self-satisfied cosmopolitan culture that sprang up among the affluent 20% or so of the industrial world’s population, who became convinced that the temporary ascendancy of policies that favored their interests was not only permanent but self-evidently right and just.” (The Fifth Side of the Triangle The Archdruid Report)

You're a Deplorable.

2. If you question whether globalization is actually in the national interest: You're a Deplorable.

3. If you question whether endless wars of choice, drone strikes and foreign interventions that cost the lives of countless civilians are actually in the national interest: You're a Deplorable.

4. If you see the major institutions of American life as corrupt, ineffective, and blatantly favoring the financial/social elites: You're a Deplorable.

5. If you think it's wrong that some immigrants (the illegal ones) get to “jump the queue” ahead of the millions of legal immigrants who have waited patiently for years and paid the costs of following the rules: You're a Deplorable.

6. If you see the concentration of media ownership as a threat to democracy:

You're a Deplorable.

7. If you think the War on Drugs that's imprisoned millions of young men is actually a War on the American People, a war that was prosecuted for the entire 24 long years of the presidencies of Bill Clinton, G.W. Bush and Barack Obama: You're a Deplorable.

The US population has increased about 40% since the War on Drugs started in earnest in 1980, while the prison/Gulag population has increased over 400% since 1980.

8. If you see the informal quotas on Asian-American students in America's Ivy League universities as wrong and blatantly racist: You're a Deplorable.

9. If you favor kicking over the tables of the money-lenders at the temple–those wonderful money-lenders who fund the campaigns of our political elites– You're a Deplorable.

10. In summary: if you question the self-serving, self-congratulatory, hubris-soaked dominance of the neoliberal Elites, You're a Deplorable.

If you think being Caucasian is a requirement to qualify as a Deplorable, think again: anyone can be a Deplorable. If you're a Hispanic-American or African-American who has seen your community gutted by the War on Drugs, and you're against the American gulag, then you're questioning the status quo: Bingo, you're a Deplorable.

If you're an Asian-American who is tired of accepting blatantly racist limits on Asian students in top-tier U.S. universities–the same sort of insidiously informal quotas that limited Jewish-American students in the early 20th century–you're a Deplorable.

Regardless of your ethnicity, class or religion, if you perceive the institutions that govern American life as corrupted, riddled with favoritism and spin or as broken, you're a Deplorable. If you question or resist the …read more

Source: Are You A Deplorable?

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Nintendo’s stock has been racing downhill since the release of its eagerly awaited smartphone game Super Mario Run. …read more

Source: Nintendo stock down 11% since Super Mario Run

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Nintendo’s stock has been racing downhill since the release of its eagerly awaited smartphone game Super Mario Run. …read more

Source: Nintendo stock down since Super Mario Run release

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Nintendo’s stock has been racing downhill since the release of its eagerly awaited smartphone game Super Mario Run. …read more

Source: Nintendo stock down since Super Mario Run release

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By Tyler Durden

Submitted by George Igler via The Gatestone Institute,

• In Ludwigshafen, Germany, a “'strongly radicalized” 12-year-old boy “of Iraqi heritage” planted a bomb at a Christmas market at the end of November.
• Previously, the festive shopping tradition of Christmas markets had become “potent symbols of freedom,” with Germany's Interior Minister, Thomas de Maizière, urging people to stick to unserem Leben — “our way of life.”
• In Birmingham, England, the Christmas market has concrete barriers installed to deter vehicular suicide bombers. According to the head of Britain's foreign intelligence service, the magnitude of the terrorism faced by the UK is “unprecedented.”
• French security forces thwarted attacks planned for December 1, against Disneyland Paris and the Christmas market on the main thoroughfare of the French capital, the Champs-Elysée.
• With a pro-Sharia (Islamic law) advocate now secretary of state in the Berlin regional senate, and other Muslims even refusing to shake the hand of the German President Joachim Gauck at events designed to promote integration, Germany's “way of life” is changing fast.

As the winter nights lengthen, an even darker shadow is falling across the run-up to the Christmas holidays in several European nations. Families in markets and shopping districts across the continent are buying presents in the knowledge that jihadists mean to target them.

On November 21, the U.S. Department of State cited a “heightened risk of terror attacks” in an advisory statement set to expire only on February 20, 2017.

“Credible information,” quotes Newsweek, prompted a warning to American travellers to “exercise caution at holiday festivals, events, and outdoor markets,” given planned attacks by Al-Qaeda and ISIS.

Those attending “large holiday events, visiting tourist sites, using public transportation, and frequenting places of worship, restaurants, hotels, etc.” were likewise urged to exercise vigilance.

On December 16, German media reported that:

“a 12-year-old boy was suspected of planning two different bomb attacks in the western German city of Ludwigshafen. The German magazine 'Focus' said he had first tried to target a Christmas market at the end of November, before placing a backpack with explosives near a high-rise building containing both city hall and a shopping center.”

“The suspect was born in Germany but is of Iraqi heritage,” reported NBC News, adding: “the 'strongly radicalized' youth was likely 'incited and instructed' by an 'unidentified member of ISIS.'”

This comes just two weeks after a December 2 report, Changes in Modus Operandi of Islamic State Revisited, from the European policing agency, Europol, cited the possibility of “several dozen” attacks against civilian soft targets.

With terrorists claiming to act in the name of ISIS already able to plan “relatively complex attacks — including those on multiple targets — quickly and effectively,” according to the Europol report, the tactics of the battlefields of the Middle East, “such as the use of car bombs, extortion and …read more

Source: America Warns European Travelers: Christmas Shoppers In Jihadist Crosshairs

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By Tyler Durden

Jayant Bhandari warns “there are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal” as he discusses India's attempts to create a cashless society (and consequences of it) and why precious metals and geographical diversification are the most viable options investors around the world, not just India, should be taking.

“The situation is getting worse by the day… people are desperate”

Jayant provides the clearest explanation of where India is (and where it is going) in the brief interview with ProvenAndProbable.com's Maurice Jackson …

As Jayant detailed previously, expect a continuation of new social engineering notifications, each sabotaging wealth-creation, confiscating people’s wealth, and tyrannizing those who refuse to be a part of the herd, in the process destroying the very backbone of the economy and civilization.

There are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal. Expect capital controls to follow.

Gold Bullion Is Now Effectively Illegal

Assaults on people’s private property and the integrity of their homes through tax-raids continue. In a recent notification, government has made it clear that any ownership of jewelry above 500 grams of gold per married woman will be put under the microscopic scrutiny of tax authorities.

Steep taxes and penalties will be imposed on those who cannot prove the source of their gold. In India’s Orwellian new-speak this means that because bullion has not been explicitly mentioned, its ownership will be deemed to be illegal. Courts will do what Modi wants. Huge bribes will have to be paid.

Sane people are of course cleaning up their bank lockers. The secondary consequence of this will be a steep increase in unreported crimes, for people will be afraid of going to the police after a theft, fearing that the tax authorities will then ask questions. At the same time, the gold market has mostly gone underground, and apparently the volume of gold buying has gone up.

The salaried middle class is the consumption class, often heavily indebted. Poor people have limited amounts of gold. The government is merely doing what pleases the majority and their sense of envy, to the detriment of small businesses and savers. Now, the middle class is starting to face problems as well. This will worsen once the the impact of the destruction of small businesses becomes obvious.

India has always had a negative-yielding economy. It has suddenly become even more negative-yielding. Business risk has gone through the roof. Savers will be victimized. It is because of negative yields that Indian savers buy gold. They will buy more going forward.

Sane Indians should stay a step ahead of their rapacious government and the evolving totalitarian society, which are less and less inhibited by any institutions or values in support of liberty.

Conclusion

India will become a police state, likely with the full support of most Indians. Nationalism will be the thread that weaves them together. But it is a fake thread, devoid of any value. Eventually, there will be far too …read more

Source: "Gold Is Now Effectively Illegal" In India – The Consequences Of Creating A Cashless Society

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By Secular Investor

Source: independent.co.uk

In a surprisingly strong-worded speech, President Obama lashed out against the media and the Russians, as the latter are still perceived to be the main culprit of Hillary Clinton’s loss in the presidential race. We’re now just one month away from Donald Trump being installed in the Oval Office, but it looks like the current president is wildly kicking around with unfounded accusations and allegations.

Not only did Obama declare he now knows ‘with certainty’ Russian hackers have helped Trump to win the presidential elections, but once again stirred things up with provocative statements like ‘Russia is a much weaker country’ and ‘Russia doesn’t produce anything anybody wants to buy’.

Source: bbci.co.uk

Funny. These are the exact same statements Obama made all the way back in 2014, so you can hardly say he’s being original here as it’s the same recycled statement. We are always wondering why the USA, as self-proclaimed peace keeper of the world, is now trying to provoke Russia, as no evidence about the Russians rigging the elections has been produced. And oh, keep in mind these type of remarks are quite spectacular for someone who has won the Nobel Peace Prize. Let’s take a look at why exactly Obama originally won the award, and what the jury thought:

‘Dialogue and negotiations are preferred as instruments for resolving even the most difficult international conflicts.’.

So when someone who apparently doesn’t have anything to gain from lashing out at Russia, 5 weeks before leaving office, is doing so, we’re always wondering what the ‘real’ story is. Sure, the Federal Reserve has just hiked the interest rates, as expected, and this might have a negative effect on the labor market as a higher cost of debt will reduce the appetite of companies to commit to certain investments.

Perhaps even more important is the issue the Fed now thinks it will be able to increase the interest rate by an additional three steps in 2017, which could mean we will see an interest rate of 1.5% by the end of next year. The impact of this (expected) rate hike was immediately visible in the interest rate on the 10 year government bond yield:

Source: Stockcharts.com

This increase of 0.8% (since the elections) means that in the theoretical case of the US government debt being refinanced on a 10 year term, the total interest expenses would increase by $160B (yes, one hundred sixty BILLION dollar) per year, or $500 per citizen. Imagine an additional 0.5-1% would be added to this interest bill…

Perhaps that’s why Obama was so anxious to find a different ‘enemy’, to draw the attention away from the domestic problems in the USA. After all, the higher interest expenses will have to be paid somehow and there are only two ways to do this. The first option is to issue even more debt, which reinforces the current vicious circle …read more

Source: Obama Is Still Blaming Gold-Hoarding Russia

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