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By Tyler Durden
Submitted by Mac Slavo via SHTFPlan.com,
Any way you slice it, the Democratic National Convention coming up in Philadelphia in late July promise to be tumultuous.
Though Hillary Clinton and the party insiders long ago expected the 2016 primary to be a formality (which conspicuously few hopefuls in the race), the grassroots voters are feverishly demanding Bernie, and vehemently against the establishment candidate who is widely known for her duplicity and dishonesty.
As California Senator Diane Feinstein makes clear in this short and sweet video below, the establishment fears the riots and backlash that could come from a contested, or at least highly protested, convention as Sen. Sanders vows to continue the fight ‘until the last ballot is cast.’
Instead, she and other figures inside the Democratic party are trying to nudge Sanders into dropping in order to save face and avoid damaging the party’s share in the duopoly of political power.
But regardless of whether Sanders pushes through until convention or not, there will be lots of angry people who remain unsatisfied with another Clinton and more of the same. Tensions have been especially high since the controversial events in Nevada last week, as CNN notes:
The public outpouring of anger began last weekend at the Nevada Democratic Party convention, where Sanders supporters who said Hillary Clinton’s backers had subverted party rules shouted down pro-Clinton speakers and sent threatening messages to state party Chairwoman Roberta Lange after posting her phone number and address on social media.
That led Democratic National Committee Chairwoman Debbie Wasserman Schultz, Senate Minority Leader Harry Reid and other top party leaders to demand an apology and publicly ruminate on the possibility of violence at the Democratic National Convention in July as they prepare for a general election battle with Donald Trump.
Commentators and politicos have also speculated on potential violence unfolding at the Republican National Convention, though that was largely before most of the GOP began to come to terms with Trump as the nominee.
Clearly, the broiling political anger, which has been heating up for years, is one of the major scenarios that riot police and other members of law enforcement have been training for for years. As Paul Joseph Watson reported:
Police advised by FEMA officials how to conduct “mass arrests”
The Department of Homeland Security oversaw a first of its kind three day training exercise in Texas this week during which police officers from fifteen different departments took part in drills on how to deal with riots and conduct mass arrests.
Although the threat of riots is real enough (it happened back in 1968 largely because the Democrats forced unlikable establishment tool Hubert Humphrey as the nominee), it also gives a pretext for larger security budgets, more riot gear and other tools and a rationale for forceful treatment of peaceful protesters exercising their rights.
The American people are angry. There are many reasons, and the shamefully rigged elections have been one of the major outlets for their outrage.
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By Tyler Durden
From uber-doves to ultra-hawks in 3 weeks (and a few hundred Dow points), today's FedSpeak did not rescue stocks as everyone assumed it did as Dudley's Dud dropped risk…
“Sell In May” is working once again…
And while The Dow craped back into green, S&P 500 closed red for 2016…
This week's chaos is more clearly seen in futures with every rip sold and every dip bought…

While the big dump occurred early, it wouldn't be 'Murica if we didn't ramp back maniacally trying to save the S&P from negative territory year-to-date… VIX topped 17.5 at the highs today (2-month highs)

Post-FOMC Minutes, Trannies and Small Caps are the worst performers…

Long Bonds are best since the hawkish minutes struck…

Treasuries were mixed with further weakness in the short-end but modest bid in the 30Y…

Pushing 2s30s even flatter…lowest since Dec 2008 which is not good news for financials..

The USD Index extended post-FOMC Minutes gains but only modestly as Cable remains the week's big winner amid falling Brexit polls…

The modest strength in the dollar pressured most commodities lower but once Europe closed, crude oil was panic bid…

Gold & Silver have tumbled since The FOMC Minutes (but bounced back this afternoon)…

Charts: Bloomberg
Bonus Chart: This won't end well…

Source: Hawk & Hawker Send Stocks Negative For 2016, Yield Curve Crush Continues

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Posted May 19th, 2016 in Uncategorized.
Posted May 19th, 2016 in Uncategorized.
Posted May 19th, 2016 in Uncategorized.
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By GoldCore
Bank bail-ins pose risks to retail investors and especially savers throughout the western world. The new bail-in rules have been made operational since the beginning of this year in the EU and in many other countries yet the risks and ramifications of bail ins have been largely ignored in most of the media.
The Financial Times covers bail-ins today with a focus on the risk to investors while continuing to ignore that posed to savers and depositors including small and medium size enterprises.
From the FT today:
When Ignazio Visco, governor of the Bank of Italy, spoke in Florence this month, his focus turned to regulation of bail-ins.
At a sensitive moment for Italian lenders, whose shares had collapsed over recent months, the governor chose to address what he called “regulatory uncertainty” in the wake of new European wide rules for failing banks.
“We must strike the right balance,” he said. “We should not rule out the possibility of temporary public support in the event of systemic bank crises, when the use of a bail?in is not sufficient.”
Taxpayer support for banks, however, was precisely what the new European rules introduced at the start of this year aimed to avoid. To protect taxpayers, investors in bank bonds — mostly untouched during the bailouts of the last crisis — now face losses, or “bail?ins”.
…
In a March paper, German academics warned of potential retail holdings of “subordinated debt”. The paper argued that existing EU regulation “insufficiently addresses mis-selling of bail-in instruments” and pushed for more clarity on exactly who holds the affected debt.
“Bail-in theoretically is a very nice concept but the legal issues are really very big,” says Martin R Götz, professor at Goethe university Frankfurt and a co-author of the paper. “It’s very important to sort these things out because subordinated debt holders, if they are retail investors, are voters.”
Sorting out the process will involve the familiar interplay between national authorities and European rulemakers intent on harmonising rules.
Alex Birry, a senior director at Standard & Poor’s, the rating agency, says “national conduct authorities need to continue to look closely at how these instruments are sold to retail investors”.
“Will there be tensions between what domestic politicians sometimes want to do and what European regulations allow?” asks Mr Birry. “Yes. That’s probably a price to pay if you want to have a banking union.”
See FT article here
A banking union in the EU is wonderful in concept but in practice is fraught with difficulties and risk. The use of bail-ins and the confiscation of deposits while protecting some tax payers in the short term, will likely destroy consumer and business confidence in the already fragile Eurozone economies and severely impact on the tax take in EU economies in the aftermath of the bail-ins and ensuing recessions or depressions.
Small and medium size businesses are the back bone of European and global economies. The confiscation of their corporate deposits, the very capital they use to fund growth – including
Source: Bank Bail-Ins Pose Risks To Depositors, Investors & Economies

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Posted May 19th, 2016 in Uncategorized.
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Growing up as one of the only Indian-Americans in her small town in Georgia, Sharada Jambualpati faced all sorts of discrimination and insults. Now, she’s getting her law degree from UC Berkeley and working toward becoming an advocate for immigrant children and young convicts, who feel much like she did when she was growing up.
Popular: Radical Islam in America | Graham Opposes Republican Leader | Guns in America
Source: Fighting for immigrant rights in the Deep South

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Posted May 19th, 2016 in Uncategorized.