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By Tyler Durden

Submitted by Yves Mamou via The Gatestone Institute,

Islamization is gaining ground in the Muslim community of France. For a long time, this trend remained restricted to the cultural sphere and created strong controversies between Islamists and secular intellectuals (such as the ban on face-covering veils in schools and public places). But the debate stopped being a debate. Sometimes Islamic intolerance takes on the appearance of a civil war. The violence, which was mostly concentrated in the suburbs prior to the January 2015 terrorist attack on the satirical magazine, Charlie Hebdo, is spreading now to the heart of French cities. Murders, assaults, death threats and “slut-shaming” happens almost every day here and there.

Muslim perpetrators rationalize their violence by convincing themselves that they live in a racist society that rejects them and their religion. And the government legitimizes them when it asks Parliament to vote for a law that favors “diversity” on public television channels. What is interesting is that judiciary system seems in disarray and does not know how to treat these types of conflicts: two jihadists back from Syria are condemned to a suspended sentence of six months in prison and a Muslim who slapped a female waiter because she served alcohol during the Ramadan was sentenced to eight months in prison.

The absence of political guidelines spreads fear and aids the rise of the right-wing political party, the Front National.

One Month of Islam and Multiculturalism in France: June 2016

June 1. Karim Benzema, a French soccer star of Algerian descent, declared, in the Spanish sports newspaper Marca, that French national team's coach, Didier Deschamps “bowed to the pressure of a racist part of France” by not including him in the team. Benzema was not included in the national soccer team for the UEFA Euro 2016 championship because he is apparently involved in a sex-tape extortion scandal targeting his colleague, Mathieu Valbuena.

June 2. Patrick Kanner, Minister of Urban Affairs, Youth and Sport, said in Le Parisien that Karim Benzema plays an “unfair and dangerous” game when he implies that “ethnic reasons” might have played a role in the decision not to include him in the French soccer team.

June 2. It was reported that the Saudi …read more

Source: Islamization Of France: Stabbing Policemen, "Slut-Shaming" & New Death Threats

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By Tyler Durden

When the financial media says that governments get paid to issue negative yielding debt, that is not exactly true: most sovereign issuers still pay out a cash coupon, a modest as it may be, while they pocket the negative amortization on a bond issued above par for the life of the bond resulting what ultimately ends up being a negative yield for the buyer net of all cashflows at maturity. However, the lower – or more negative – yields get, the less the need for an issuer to actually pay a cash coupon: after all with a negative yield, it is essentially superfluous.

Still, while no sovereign has issued bond with negative cash coupons yet, some are starting to issue zero-coupon ten years: bonds which pay no cash coupons at all.

This is precisely what Germany is about to do in a few hours.

According to Bloomberg, on Wednesday morning Germany will sell 10-year bonds with a zero coupon for the first time, as a rally in fixed-income securities pushes investors to forgo annual interest payments in order to hold the safest assets.

The nation is selling €5 billion of zero percent bonds due in August 2026 on Wednesday, after yields in the secondary market dropped to an all-time low of minus 0.205% last week.

Then again, with a rather vicious snapback higher in yields over the past two days now that Japanese helicopter money looks increasingly probable, Germany may not be able to continue this experiment for much longer, and may have to revert back to its 0.5% coupon issued until now.

Of course, once this latest modest spike in yields subsides and the world reverts back to its deflationary trendline (a move which will eventually prompt every other central bank, not just Japan – to proceed with helicopter money), and German yields are deeply negative, Germany can then proceed to, if only in theory, issue “negative” coupons, demanding that bond buyers pay Germany. Of course, while in practice this is impossible, it would present the world with such an interesting thought experiment as the “inverse” bankruptcy: a state in which the creditor to the debtor “defaults” because it is unable to make a payment on a bond they lent to the same debtor.

Yes, the new normal sure is interesting. If only in theory.

…read more

Source: Germany Is About To Sell Zero-Coupon 10 Year Bonds For The First Time Ever

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By Michael Snyder

The Dow and the S&P 500 both closed at all-time record highs on Tuesday, and that is very good news.  You might think that is an odd statement coming from the publisher of The Economic Collapse Blog, but the truth is that I am not at all eager to see the financial system crash and burn.  We all saw what took place when it happened in 2008 – millions of people lost their jobs, millions of people lost their homes, and economic suffering was off the charts.  So no, I don’t want to see that happen again any time soon.  All of our lives will be a lot more comfortable if the financial markets are stable and stocks continue to go up.  If the Dow and the S&P 500 can keep on soaring, that will suit me just fine.  Unfortunately, I don’t think that is going to be what happens.

Of course I never imagined we would be talking about new record highs for the stock market in mid-July 2016.  We have seen some crazy ups and downs for the financial markets over the last 12 months, and the downs were pretty severe.  Last August, we witnessed the greatest financial shaking since the historic financial crisis of 2008, and that was followed by an even worse shaking in January and February.  Then in June everyone was concerned that the surprising result of the Brexit vote would cause global markets to tank, and that did happen briefly, but since then we have seen an unprecedented rally.

So what is causing this sudden surge?

We’ll get to that in a moment, but first let’s review some of the numbers from Tuesday.  The following comes from USA Today…

All three major indexes gained 0.7% apiece, as the Dow jumped 121 points to a new all-time closing high and the S&P 500 built upon its record close notched Monday. The blue chips now stand at 18,347.67, about 35 points above the previous record set May 19, 2015.

The new mark for the S&P 500 is 2,152.14, a 15-point improvement on its Monday close.

Overall, we have seen stocks shoot up more than eight percent over the last two weeks.  Normally, a rise of 10 percent for an entire year is considered to be quite healthy…

Interior Minister Theresa May is set to become the U.K.’s prime minister on Wednesday. Stock markets across the globe have risen sharply, after a steep sell-off, following the United Kingdom’s decision to leave the European Union.

“In the past two weeks, post Brexit, the S&P 500 has vaulted over 8 percent,” said Adam Sarhan, CEO at Sarhan Capital. “Typically, a 10 percent move for the entire year is considered normal.”

What makes all of this even stranger is the fact that investors have been pulling money out of stocks as if it was 2008 all over again.  In fact, Zero Hedge tells us that on balance investors have been taking money out of equity funds for 17 weeks in a row.

So why are stocks still going up?

If your …read more

Source: The Dow And The S&P 500 Soar To Brand New All-Time Record Highs – How Is This Possible?

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By Michael Snyder

The Dow and the S&P 500 both closed at all-time record highs on Tuesday, and that is very good news.  You might think that is an odd statement coming from the publisher of The Economic Collapse Blog, but the truth is that I am not at all eager to see the financial system crash and burn.  We all saw what took place when it happened in 2008 – millions of people lost their jobs, millions of people lost their homes, and economic suffering was off the charts.  So no, I don’t want to see that happen again any time soon.  All of our lives will be a lot more comfortable if the financial markets are stable and stocks continue to go up.  If the Dow and the S&P 500 can keep on soaring, that will suit me just fine.  Unfortunately, I don’t think that is going to be what happens.

Of course I never imagined we would be talking about new record highs for the stock market in mid-July 2016.  We have seen some crazy ups and downs for the financial markets over the last 12 months, and the downs were pretty severe.  Last August, we witnessed the greatest financial shaking since the historic financial crisis of 2008, and that was followed by an even worse shaking in January and February.  Then in June everyone was concerned that the surprising result of the Brexit vote would cause global markets to tank, and that did happen briefly, but since then we have seen an unprecedented rally.

So what is causing this sudden surge?

We’ll get to that in a moment, but first let’s review some of the numbers from Tuesday.  The following comes from USA Today…

All three major indexes gained 0.7% apiece, as the Dow jumped 121 points to a new all-time closing high and the S&P 500 built upon its record close notched Monday. The blue chips now stand at 18,347.67, about 35 points above the previous record set May 19, 2015.

The new mark for the S&P 500 is 2,152.14, a 15-point improvement on its Monday close.

Overall, we have seen stocks shoot up more than eight percent over the last two weeks.  Normally, a rise of 10 percent for an entire year is considered to be quite healthy…

Interior Minister Theresa May is set to become the U.K.’s prime minister on Wednesday. Stock markets across the globe have risen sharply, after a steep sell-off, following the United Kingdom’s decision to leave the European Union.

“In the past two weeks, post Brexit, the S&P 500 has vaulted over 8 percent,” said Adam Sarhan, CEO at Sarhan Capital. “Typically, a 10 percent move for the entire year is considered normal.”

What makes all of this even stranger is the fact that investors have been pulling money out of stocks as if it was 2008 all over again.  In fact, Zero Hedge tells us that on balance investors have been taking money out of equity funds for 17 weeks in a row.

So why are stocks still going up?

If your …read more

Source: The Dow And The S&P 500 Soar To Brand New All-Time Record Highs – How Is This Possible?

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Gretchen Carlson, the former Fox News host who has accused Roger Ailes of sexual harassment, says she had at least six interviews with her former boss in which he talked about her body and heard — but ignored — her complaints of mistreatment. …read more

Source: Gretchen Carlson: Ailes’ harassment was ‘continuous’

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By Tyler Durden

Submitted by Robert Gore via StraightLineLogic.com,

Five words are important now: failure, exposure, rejection, repression, and war. The status quo has failed on multiple fronts. Its failures and corruption are being exposed, its governance and legitimacy questioned and rejected. The response is all too predictable: repression at home, war abroad. The Clintons represent the toxic confluence, the maelstrom’s vortex, and Hillary Clinton will press the powers’ response.

Anything but free market economics is a redistributive shell game with a sell-by date. Government debt, spending, and programs, redistribution, and central bank debt monetization and interest rate suppression have passed their expiration, leaving mountains of IOUs that will never be repaid and prostrate economies in the first thralls of a deflationary contraction that will be one for the ages. Particular rancid: illusory, credit-based wealth has gone to a small, well-connected coterie who access microscopic interest rates for financial engineering and speculative fun and games. Left behind: honest producers and savers, who have seen their incomes shrink and the economy wither.

Not content to lay waste to their own countries, the powers have visited their destructive and murderous mayhem upon wide swathes of the globe. Seeking to impose order they have instead promoted chaos, failed states, refugee flows, and the spread of terrorism. Stuck in costly and inconclusive quagmires in second-tier states, the US war lobby seems intent on provoking decidedly first-tier Russia and China, with a concomitant escalation of negative consequences. You can’t get any bigger, or potentially more suicidal, than war with the second and third largest nuclear-armed powers.

Propaganda, indoctrination, a captive press, and widespread obliviousness and passivity will only take the incompetent and corrupt governing class so far. There’s too much to be swept under the rug. Eventually notice is taken of the telling details. The economy is going nowhere. The US has been in Afghanistan for fifteen years and in Iraq for thirteen. The capital is an overflowing cesspool; the Clintons being the most visible and malodorous turds floating by on that river of filth. The Internet has shone a light on failure and corruption, but even the mainstream media take note, if only in passing, before it exculpates those responsible.

Exposure and anger concern the powers—they threaten the façade of legitimacy—but outright rejection would be intolerable. Never has an aristocracy exercised such power, lived so opulently, and received such publicity, adulation, and deference. Popular discontent given full vent and expression would threaten all that, and could lead to prison, or worse.

Hillary Clinton embodies the power, wealth, and corruption of the aristocracy, which confronts the most serious threat yet to the world order it erected after World War II. It embraces her not merely because she is emblematic, but because she will implement naked repression and wage wars, its last resorts to hold on to power. She’s never met a “national security” measure or war she didn’t love. The FBI’s refusal to recommend charges despite Hillary’s obvious criminality appears to be the aristocracy’s take-off-the-kid-gloves moment.

In their folly, the rulers have isolated themselves …read more

Source: "Bring It On!"

    

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