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By Tyler Durden

A little over a year ago, GMO giant Monsanto was furious at the World Health Organization for linking glypshophate, the chief ingredient in weed killer Roundup, to cancer. As a result Monsanto immediately demanded that WHO retract said report, saying that the report was biased and contradicts regulatory findings that the ingredient, glyphosate, is safe when used as labeled.

A working group at WHO said after reviewing scientific literature it was classifying glyphosate as “probably carcinogenic to humans.” Howeber Monsanto was relentless and said that “we question the quality of the assessment,” according to Philip Miller, Monsanto vice president of global regulatory affairs. “The WHO has something to explain.”

In retrospect it may have been Monsanto who had something to explain, which it did, indirectly, when last week another report was released, this time from the U.N.’s Food and Agriculture Organization (FAO), according to which Roundup’s glyphosphate is unlikely to cause cancer in people. Continuing the explanation, diazinon and malathion, two other pesticides reviewed by the committee, which met last week and published its conclusions on Monday, were also found to be unlikely to be carcinogenic.

“In view of the absence of carcinogenic potential in rodents at human-relevant doses and the absence of genotoxicity by the oral route in mammals, and considering the epidemiological evidence from occupational exposures, the meeting concluded that glyphosate is unlikely to pose a carcinogenic risk to humans from exposure through the diet,” the committee said.

As Reuters itself notes, the conclusions appear to contradict the abovementioned finding by the WHO’s Lyon-based International Agency for Research on Cancer (IARC), which in March 2015 said glyphosate is “probably” able to cause cancer in humans and classified it as a ‘Group 2A’ carcinogen. This is when the alarm bells at Monsanto went off and, according to some, the company’s spending on favorable reports shot through the roof. The result was immediate.

Seven months after the IARC review, the European Food Safety Authority (EFSA), an independent agency funded by the European Union, published a different assessment, saying glyphosate is “unlikely to pose a carcinogenic hazard to humans”. The United States’ Environmental Protection Agency (EPA), which first assessed glyphosate in 1986 and has reviewed it several times since then, had also previously concluded it has “low toxicity for humans”.

In other words, whether or not a Monsanto compound is carcinogenic may depend on how much in “research funding” Monsanto has spent in advance to the writers of the study.

In any case, whether Roundup causes cancer or not, the opinion of millions of people around the world is already be made up, and as RT reports more than 400 simultaneous demonstrations around the world are voicing fury at US biotech leviathan Monsanto, which is now facing a hostile takeover from German pharmaceuticals company Bayer (a transaction which ha stunned analysts and shareholders who warn Bayer would need to take on too much debt and dilute equity holdings in its quest to acquire an embattled target).

But while Bayer …read more

Source: "I Am Not Your Experiment" – Thousands Around The World Protest GMO Giant Monsanto

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By Tyler Durden

Following numerous violations of last summer’s landmark comprehensive nuclear agreement, as Iran repeatedly test fired ballistic missile rockets in direct contravention of the treaty terms, a curious tangent emerged last week when a senior Iranian military commander claimed that U.S. officials had been “appeasing” the Iranian regime, and quietly encouraging the Islamic Republic to keep its illicit ballistic missile tests a secret so as not to raise concerns in the region, according to Persian language comments.

As the Free Beacon reported, Amir Ali Hajizadeh, commander of the Iranian Revolutionary Guard Corps’ Aerospace and Missile Force, said in recent remarks that the Obama administration does not want Iran to publicize its ongoing missile tests, which have raised questions about the Islamic Republic’s commitment to last summer’s comprehensive nuclear agreement.

“At this time, the Americans are telling [us]: ‘Don’t talk about missile affairs, and if you conduct a test or maneuver, don’t mention it,’” Hajizadeh was quoted as saying during a recent Persian-language speech that was translated by the Middle East Media Research Institute.

“If we agree to this, they will advance another step, and say: ‘Don’t conduct [a missile test] at this time, and also don’t do it in the Persian Gulf region.’ After that, they will tell us: ‘Why do you need your missiles to have a range of 2,000 km anyway?’ Hajizadeh reportedly said.

In other words, far from giving the US a right of first refusal on Iranian military activity, the Obama administration had effectively lost all control over what the National Guard would do, and its only recourse was to hope Iran keeps quiet.

That plan, however, appears be a spectacular failure as overnight the Mehr news agency announced reported that the Iranian military has successfully carried out launches of two short-range ballistic missiles during ground forces exercises, local media reported Sundayl it added that the improved versions of Nazeat and Fajr-5 missiles were used during the first stage of the two-day drills in Kashan’s Maranjab Desert and Isfahan’s Nasrabad region.

Mehr adds that the Iranian Army’s Ground Forces have successfully test-fired Naze’at rockets in Beit-ul-Muqaddas 28 drill on Suanday.
Launched in central Iran on Sunday, the Beit-ul-Muqaddas 28 war game started with successful test-fire of N-6 and N-10 Naze’at and Fajr 5 rockets. Army’s long-ranged artillery also hit the predetermined targets successfully during the operation.

“The message of Beit-ul-Muqaddas 28 military drill is peace and friendship in the region; Iranian Army is getting ready to confront extra-regional threats and the aim of the maneuver is to improve the defense capabilities and exercise the tactics practiced at military courses during proxy and asymmetric wars,” said Iranian Army’s Ground Forces Commander Brigadier General Ahmad Reza Pourdastan before the drill opening on Sunday.

He added that “the Beit-ol-Moqaddas-28 military drills aimed at enhancing defensive capabilities, training techniques in asymmetric war and test-firing improved weapons of the Iranian Army.”

As Sputnik reminds us, Iran’s target of boosting its national defense program has sparked concerns among the international community, despite reassurances from …read more

Source: Iran Mocks Obama Again, Test-Fires 2 More Ballistic Missiles

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Viacom fired back at its Chairman Emeritus Sumner Redstone on Saturday. The move came after Redstone ousted Viacom CEO Philippe Dauman from the board of the company that controls both Viacom and CBS. …read more

Source: Fight for Viacom and Redstone’s empire heats up

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By GoldCore

Buy Silver – “Best Precious Metals Trade”

“Buy silver, sell gold” is the bold call of currency, bullion and money analyst Dominic Frisby in the latest edition of best selling Money Week.

Frisby looks at the relative value of silver to gold and comes to the conclusion that silver is a better buy right now. We share his bullish view on silver and hence our current campaign regarding VAT free silver coins.

From the article:

“Today we consider gold and silver.

We suggest that you should buy one and sell the other.

We then advise walking away for a couple of years…

Silver and Mother Nature’s ratio

There is, say the wise old men of geological lore, something like 15 times as much silver in the Earth’s crust as there is gold. Received wisdom is that in days gone by, the value of silver relative to gold reflected the amount of metal Mother Nature has given us: gold was, for hundreds of years, about 15 times the price of silver.

Last year 27,579 tonnes of silver were produced (according to my most reliable of precious metal data sources, Nick Laird of Sharelynx) and about 3,000 tonnes of gold. In other words, just over nine times as much as silver as gold was produced.

However, the gold price – about $1,270 an ounce – is about 75 times silver’s price of $17 an ounce. What gives?”

Dominic kindly mentions us as a bullion dealer who will buy gold bullion from you and sell silver coins and bars to you:

“If you want to buy physical silver, our friends in Dublin, the precious metals dealers GoldCore, have a new scheme whereby you can buy silver coins VAT-free. They’ll also, as most dealers will, buy your gold”.

We make a market in all popular bullion formats from small gold sovereigns to large 400 ounce gold bars and at the risk of doing ourselves out of business, we would caution against selling gold bullion right now.

Sell paper and digital gold, like Bullion Vault, maybe but not physical gold coins and bars. Rather both physical gold and silver bullion should be owned as financial insurance and hedges against currency debasement, bail ins, systemic and counter party risks and the myriad other risks today.

There is the possibility that gold continues to outperform silver in the short term. This is quite likely if we get another bout of severe deflation and the next stage of the global financial crisis. There is also the real chance of the currency reset where gold prices are revalued by the global monetary authorities to $5,000 to $10,000 per ounce. This could see silver underperform in the short term.

Silver remains severely undervalued versus gold but more particularly versus stocks, bonds and other financial – digital and paper – assets and we believe will outperform most assets in the coming years. Allocations to both depend on risk appetite and motivations for buying.

Read the full article by Dominic Frisby on MoneyWeek here.

Market Updates This Week

Bank Bail-Ins Pose Risks To Depositors, …read more

Source: Buy Silver – “Best Precious Metals Trade”

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By Knave Dave

Published originally on The Great Recession Blog

by David Haggith

I have pointed out in previous articles how most of the growth in stocks over the past few years has been due to stock share buybacks. Without this hideous (and at one time illegal) practice, there would have been no bull market over the last few years.

That’s right. Research from no other place than Wall Street, itself, indicates that almost all of the returns since 2009 have been due to stock share buybacks!

Liz Ann Sonders, chief investment strategist and perma-bull at Charles Schwab, recently acknowledged that “… there has not been a dollar added to the U.S. stock market since the end of the financial crisis by retail investors and pension funds….” Since every buyer has a seller (and vice versa), what group or groups had enough of a buying presence to push the S&P 500 14.2% off of the February closing lows? Corporations. (Seeking Alpha)

Most people assume what has kept the market afloat this year after sinking 11% at the start of the year was a mixture of better news out of China, oil prices stabilizing, and indications that the Fed won’t raise rates as much as thought. But the real thing bouying the market could be something else: Stock buybacks…. The stock buybacks come at a time when major investors including individuals, foreign investors, and pension funds have been selling off their shares, according to a note from Goldman Sachs, amid market volatility and weak oil prices. (Fortune)

Stock share buybacks may be winding down

But you cannot do share buybacks forever. Companies have been using profits and loading up on debt to make these share buybacks for so long that the law of diminishing returns is kicking in here, too.

First, it is kicking in because companies are nearing the end of their capacity to keep eating themselves. Earnings have been falling while debt has been stacking up, and so the capacity just isn’t there any more. (And I mean even the doctored earnings — as almost all major corporations have moved away from GAAP reporting policies — have been falling badly.)

Secondly, buybacks have gone insane to the point where the practice is even starting to reek of death to market bulls who are growing wary of them.

Over the past five weeks, the value of shares bought back has fallen 42% (yoy). The number of scheduled buybacks has fallen off substantially this year (35% below last year’s pace). So, we can anticipate the market will lose some of the hot air that once kept it aloft.

Here are two confusing headlines for you, released this week within 24 hours of each other: First comes Bloomberg’s “Bull Market Losing Biggest Ally as Buybacks Fall Most Since 2009.” Ah, but then came the Financial Times, with “US companies step up share buybacks in the first quarter of 2016….” At face value this would seem difficult. However, Bloomberg and the FT are in fact …read more

Source: Stock Share Buybacks Now Bought Out — American Enterprise in Decline

    

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By Tyler Durden

Submitted by Mac Slavo via SHTFPlan.com,

Russia is preparing for war against the West.

Putin is being urged to do so because the U.S. and NATO have been preparing for war themselves.

Syria and Ukraine have just been warm ups. The real thing could be around the corner, and other proxy flashpoints are ready to line up.

The rising tensions for military conflict are sharply complicated by the stealthier financial war that is nonetheless taking a serious toll across the globe, in particular as collapsing oil prices put incredible pressure on those regimes who have cast a big social benefits net financed primarily by $100/barrel oil.

As SHTF previously reported, that made Venezuela the most vulnerable, and it is plain today that the oil rich nation is collapsing. However, the manipulation of these prices was also meant to put pressure on Russia (as well as other countries)… while the attempt to undercut Russian natural gas by taking over Ukraine and have NATO supply gas to Europe instead of Russia has so far failed.

It is a sophisticated geopolitical gamble that perhaps no one is winning, apart from who manages not to topple over.

A detailed, but nonetheless alarming article by Alastair Crooke reports that there is significant pressure on Putin from other Russian leaders to take a hard line in the days ahead.

via the Huffington Post:

Putin carries, at one end of his balancing pole, the various elites more oriented toward the West and the “Washington Consensus“ and, at the pole’s other end, those concerned that Russia faces both a real military threat from the North Atlantic Treaty Organization and a hybrid geo-financial war as well. He is being pressed to come down on the side of the latter, and to pry the grip of the former from the levers of economic power that they still tightly hold.

In short, the issue coming to a head in the Kremlin is whether Russia is sufficiently prepared for further Western efforts to ensure it does not impede or rival American hegemony. Can Russia sustain a geo-financial assault, if one were to be launched? And is such a threat real or mere Western posturing for other ends?

What is so important is that if these events are misread in the West, which is already primed to see any Russian defensive act as offensive and aggressive, the ground will already have been laid for escalation. We already had the first war to push back against NATO in Georgia. The second pushback war is ongoing in Ukraine. What might be the consequences to a third?

In mid-April, General Alexander Bastrykin, the head of Russia’s Investigative Committee (a sort of super attorney general, as Cohen describes it), wrote that Russia — its role in Syria notwithstanding — is militarily ill prepared to face a new war either at home or abroad, and that the economy is in a bad way, too. Russia, furthermore, is equally ill prepared to withstand a geo-financial war. He goes on to say that the …read more

Source: WWIII? A "Hybrid Geo-Financial War" Between NATO and Russia Is Dangerously Escalating

    

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