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By Tyler Durden

One man was killed, and three were stabbed A German national stabbed three passengers at a train station near Munich early on Tuesday, after a 27 year old knife-wielding assailant reportedly shouting “Allahu Akbar” attacked people at Grafing train station 32 km southeast of Munich at about 5 a.m. local time.

Tödliche #Messerattacke am Bahnhof #Grafing: Erste Videobilder vom #Tatort. #Ebersberghttps://t.co/RfZchSJHqm

— BR24 (@BR24) May 10, 2016

The attack might have an Islamist motive, officials said. “The perpetrator made remarks during the attack which point to there being a political motive,” Bavarian police said in a statement, adding he had been arrested and there were no further suspects. Apart from “Allahu Akbar” the man was heard shouting “unbelievers,” Das Bild newspaper reported, citing local witnesses.

The prosecutor has confirmed the death of a 50-year-old man. He added that “two people are badly wounded, one is in critical condition.” The three injured are aged 58, 43 and 55. The “assailant made remarks at the scene of the crime that indicate a political motive – apparently an Islamist one,” Ken Heidenreich, spokesman for the prosecutor’s office, told AFP. “We are still determining what the exact remarks were.”

The 27-year-old German citizen stabbed a newspaper delivery man in the back, a firefighter told the Merkur paper. The attacker is reportedly from the city of Hesse in central Germany. He doesn’t have a migrant background, the ARD broadcaster said. According to German law enforcers, the alleged perpetrator was arrested on the spot. He has no criminal record.

“The idea that people enter the station or deliver newspapers there and then become victims of a maniac is terrible. Hopefully they will recover completely,” the town’s mayor Angelika Obermayr told the Sueddeutsche Zeitung. “I am most grateful to the police, doctors, paramedics and our firefighters who reacted quickly on the scene.”

According to RT, the interior minister of the state of Bavaria, Joachim Herrmann, confirmed that the perpetrator was a German national, without providing details on the incident. “When it comes to revealing more about their background, or whether mental illness or drug addiction played a role, these are things that require further clarification. I think we will make further announcements on this later in the day.”

Bayerischer Rundfunk identified the attacker as Paul H., a young man with mental health problems. ARD cited sources claiming he was also a drug addict.

The station has been closed following the attack. “The station is a crime scene,” and specialists will be working there, a police spokesman told the Sueddeutsche Zeitung.

This is not the first knife attack in Germany that has an apparent Islamist motive. In February, a 15-year-old girl, Safia S., stabbed a police officer at the main train station in Hannover. According to prosecutors, the girl had “embraced radical jihadist ideology of the foreign terrorist group Islamic State of Iraq …read more

Source: One Killed, Three Stabbed At German Train Station By Knife-Wielding Assailant Screaming "Allahu Akbar"

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By Sprott Money

Comex Gold Open Interest

Posted with permission and written by Craig Hemke, TF Metals Report (CLICK HERE FOR ORIGINAL)

In defending their long held short positions, the Comex Banks have now issued enough new contracts to drive total open interest back to levels not seen since 2011. Will they be successful in capping price or are they about to get a religious experience? We’re about to find out.

Let’s start with the basics so that we’re all on the same page….

The Bullion Banks act as de facto “market makers” on the Comex. In doing so, they have the ability to create new futures contracts for trading across the board. In a sense, there are three possible transactions:

• A Bank issues a new contract. A willing Spec buyer (long) takes one side and the Bank (short) takes the other. Net result = 1 new contract and total open interest increases by that one contract.
• A Bank issues a new contract. A willing Spec seller (short) takes one side and the Bank (long) takes the other. Net result = 1 new contract and total open interest increases by that one contract.
• A buyer and a seller meet ( the bid and ask/offer) and they exchange an existing contract at the current price. Net result = No change in total open interest as no new futures contract has been created.

On The Comex, where The Banks seek to manage and control the paper price, since time immemorial The Banks have been NET short and the Specs have been NET long the paper contracts. The degree to which The Banks are short and the Specs are long fluctuates daily and, once per week, the CFTC surveys all of the market participants to get their summary positions. This data is compiled and released every Friday as the “Commitment of Traders” report.

OK…so far so good?

Now here’s where the fraud begins. The Banks, acting in their capacity as “market makers”, have a virtually unlimited power to create from thin air as many Comex paper derivative contracts as they’d like. In doing so, The Banks take the risk of being short while the Specs, in taking the other side of the trade, take the risk of being long. The fraudulent game that The Banks play is in never being forced to deliver upon of their paper obligations. The Specs simply seek gold “exposure” so they buy the paper derivative contract and The Banks sell it to them. If prices go up, the Specs make fiat and The Banks lose fiat. If prices go down, The Banks make fiat and the Specs lose fiat.

Again, though, very little physical gold is ever delivered. Thus, the only price “discovered” is the price of the derivative itself, not the actual physical metal.

Having the unlimited ability to create new contract supply gives The Banks the nearly unlimited ability to control price, too. How? Think of it this way:

• You call up your …read more

  Source: Comex Gold Open Interest

      

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Here’s what you need to know about the markets before you start your business day. …read more

Source: Stocks: 3 things to know before the open

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By Tyler Durden

Authored by Bill Bonner of Bonner & Partners, annotated by Acting-Man's Pater Tenebrarum,

Everybody Is Unhappy

PARIS – “France?”

We were in a cab on the way from Charles de Gaulle Airport yesterday. We had innocently asked our cab driver how things were going in the country. He had some thoughts…

French president Francois Hollande: against all odds, he managed to attain the most powerful position in French society. And yet, even he is unhappy.

“France is a mess. We have 5 million people unemployed. And because the employment laws are so strict, nobody wants to hire anyone.

“The authorities noticed, for example, that employers use short-term contracts to avoid hiring permanent employees. So the government’s going to tax the short-term contracts. As though making it even more expensive to hire someone will somehow increase employment!”

“There’s no way to do anything about it. We have to wait until the whole thing melts down. In the meantime, everybody’s unhappy…but nobody really wants to change.”

“Yes, that’s the strange thing,” Elizabeth added later. “I was reading a social commentary from France in the 19th century. People dreamed of having a country like today’s France. Back then, they didn’t have enough food to eat or clothes to wear or a place to live. They couldn’t imagine not being happy if they had those things.

“In today’s France, everybody has those things. It’s a worker’s paradise. If you don’t have a job, they give you money… and an apartment. And if you have a job, you almost can’t be fired. And yet, nobody is happy. Why not?”

Helmut Schoeck wrote a marvelous book in the 1966 titled Envy. He explained why happiness is never just a matter of material wants or needs. We humans are wired to compare what we have to what others have… and to always try to find ways get one up on our neighbors.

Helmut Schoeck explains the politics of envy – and he’s hitting the nail on the head (a pdf version is available here).

If we earn more than the guy next door, we are tempted to try to make him feel bad by flaunting it. If he earns more than we do, we will want to take something away from him… to bring him down a peg.

That is the emotional foundation, says Schoeck, underlying socialist politics – envy, dressed up as social justice. But there’s more…

Wonder Years

The trouble with taking something away from your neighbor is that then he tries to take something away from you. Pretty soon, you are both spending so much of your time trying to enact rules and regulations that penalize one group and reward another that neither of you is producing more wealth.

One group gets a subsidy for its products. Another gets a government contract. Another gets medical coverage, paid for by “the government.” And still another gets a tax credit.

Then, they stand on tiptoes and look over the fence at the …read more

Source: The Wonder Years Are Over

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By Tyler Durden

Just recently we warned that thanks to Obamacare, insurers would be unveiling enormous premium increases to the public, ironically just one week before the presidential election.

As the Wall Street Journal reports, Oregon and Virginia are the first two states to make insurers’ premium proposals for 2017 public, and we are now able to see a glimpse of what will be coming regarding insurance premiums for next year [Spoiler alert: it’s ugly]. While it is noted that some of the subsidies provided by the federal government will help the lowest income consumers cover the bill, based on what we have learned from Virginia and Oregon, a vast majority of individuals will be googling “sticky wages” soon, as they scramble to figure out how they’re going to be able to afford such enormous increases.

Starting in Virginia, Anthem Inc and Carefirst BlueCross BlueShield are proposing 15.8% and 25% increases respectively. In Oregon, the increases are stunning to say the least. Providence Health Plan, currently the largest insurer for people buying coverage through the Oregon health exchange, is seeking an average increase of 29.6%. Not to be outdone, Moda Health Plan Inc, another large insurer for the state, is proposing a premium increase of 32.3% – this is after a 25% hike last year. For some context as to how out of control premium increases will be for those enrolled in Oregon, Kaiser Foundation Health Plan of the Northwest is asking for an increase of 14.5%, the second lowest percentage increase in the state. Insurers seeking double digit rate increases are citing higher than expected medical costs (just as we said) incurred by their enrollees as factors in their decisions.

Oregon’s insurance commissioner has the authority to block proposed premium changes, but indicated that she wants to make sure the companis can cover insurance claims as well as making sure the plans are affordable for consumers.

“For the next two months, we will analyze the requested rates to ensure they adequately cover costs without being too high or too low” said commissioner Laura Cali.

Good luck with that Laura.

What was easy to predict is now happening, which is that Obamacare is doing absolutely nothing to help drive down costs of anyone’s premiums, and is in fact driving double digit increases. We look forward to learning how The Donald and presumably Hillary (if she’s still in the race) will deal with the public outrage as the sticker shock sets in right before the election. Whatever the strategy, we are sure that the message will certainly resonate with the public that the government works for those on main street, and its here to help.

…read more

Source: Obamacare Update: Insurance Premiums Set To Explode Higher In 2017

    

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Posted May 10th, 2016 in Uncategorized.

Caught On Tape: This Is What Happened When An MEP Tried To Read The TTIP Text

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By Tyler Durden

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

TTIP is just one of several phony “trade” deals written by corporate lawyers and lobbyists, and negotiated in secret between the Obama administration and various world leaders. This particular scam involves the U.S. and Europe, and it has seen increased public resistance and attention as of late, something I highlighted in the post, Leaked Documents Expose the TTIP Trade Deal as a Subversive Imperial Scam.

Now watch what happened when a MEP (member of European parliament) tried to read the thing. It’s very blurry, but you’ll get the point.

Democracy this is not.

Noam Chomsky recently summarized the true purpose of these so-called “trade” deals eloquently in the following paragraph:

In the contemporary global order, the institutions of the masters hold enormous power, not only in the international arena but also within their home states, on which they rely to protect their power and to provide economic support by a wide variety of means. When we consider the role of the masters of mankind, we turn to such state policy priorities of the moment as the Trans-Pacific Partnership, one of the investor-rights agreements mislabeled “free-trade agreements” in propaganda and commentary. They are negotiated in secret, apart from the hundreds of corporate lawyers and lobbyists writing the crucial details. The intention is to have them adopted in good Stalinist style with “fast track” procedures designed to block discussion and allow only the choice of yes or no (hence yes). The designers regularly do quite well, not surprisingly. People are incidental, with the consequences one might anticipate.

Thanks for playin’ everyone.

…read more

Source: Caught On Tape: This Is What Happened When An MEP Tried To Read The TTIP Text

    

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Posted May 10th, 2016 in Uncategorized.

Paul Craig Roberts Warns ‘Killary’ Will Be "The Last American President"

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By Tyler Durden

Authored by Paul Craig Roberts,

Do you remember all the hopes Americans had for Obama when we elected him to his first term? Painful memories. He betrayed the voters on every one of his promises. There was no change, except for the worst as Obama went on to become one of the most vicious war criminals in world history. Despite his horrific record, we re-elected him, only to have US economic policy turn against the people in order to bail out at our expense the mega-banks and the One Percent.

Now Obama is coercing Asia and Europe to turn the governments of their countries over to rapacious American corporations empowered by TPP and TTIP to subordinate all interests to their profits.

Here is Pepe Escobar on how the great and wonderful United States treats its enserfed vassals:

“Hardball, predictably, is the name of the game. Washington no less than threatened to block EU car exports [to the US] to force the EU to buy [Monsanto’s] genetically engineered fruits and vegetables.”

Now we face the prospect of electing an even worse president than Obama—Killary Clinton. Killary is the bought-and-paid-for property of Wall Street, Israel, and the military-security complex. She will bring back to power the totally discredited neoconservatives, and the US will proceed with its butchery and slaughter of other countries and all reformist governments everywhere.

The question is: will enough insouciant Americans align with the One Percent, the neocons, the men-hating feminists, homosexuals, the transgendered, and other “preferred minorities” to put the US presidency in the hands of an aggressive, corrupt person with a conscience deficit? That is the goal toward which the presstitutes are driving the brainwashed.

If we end up with Killary, neither the US nor the world will survive the mistake. She will be the last American president.

Killary is compromised with secret agendas, and secret agendas lead to conflict and war. With a crazed President Killary who declared Russian Presient Vladimir Putin, the world’s leading peacemaker, to be “the new Hitler,” with crazed American generals who declare Russia to be “an existential threat to the United States,” and with the insane neoconservatives back in the saddle determined to impose American hegemony on the rest of the world, Killary’s election will terminate life on earth.

From the Archive:

September 28, 2014

Washington’s Secret Agendas

One might think that by now even Americans would have caught on to the constant stream of false alarms that Washington sounds in order to deceive the people into supporting its hidden agendas.

The public fell for the lie that the Taliban in Afghanistan are terrorists allied with al Qaeda. Americans fought a war for 13 years that enriched Dick Cheney’s firm, Halliburton, and other private interests only to end in another Washington failure.

The public fell for the lie that Saddam Hussein in Iraq had “weapons of mass destruction” that were a threat to America and that if the US did not invade Iraq Americans risked a “mushroom cloud going up over an American city.” With the rise of ISIS, this long war apparently …read more

Source: Paul Craig Roberts Warns ‘Killary’ Will Be "The Last American President"

    

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Posted May 10th, 2016 in Uncategorized.

How Much Liberty Do Americans Have Left?

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By George Washington

This post explains the liberties guaranteed in the Bill of Rights – the first 10 amendments to the United States Constitution – and provides a scorecard on the extent of the loss of each right.

Painting by Anthony Freda: www.AnthonyFreda.com

First Amendment

The 1st Amendment protects speech, religion, assembly and the press:

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

The Supreme Court has also interpreted the First Amendment as protecting freedom of association.

However, the government is arresting those speaking out … and violently crushing peaceful assemblies which attempt to petition the government for redress.

A federal judge found that the law allowing indefinite detention of Americans without due process has a “chilling effect” on free speech. And see this and this.

There are also enacted laws allowing the secret service to arrest anyone protesting near the president or other designated folks (that might explain incidents like this).

Mass spying by the NSA violates our freedom of association.

The threat of being labeled a terrorist for exercising our First Amendment rights certainly violates the First Amendment. The government is using laws to crush dissent, and it’s gotten so bad that even U.S. Supreme Court justices are saying that we are descending into tyranny. (And the U.S. is doing the same things that tyrannical governments have done for 5,000 years to crush dissent.)

For example, the following actions may get an American citizen living on U.S. soil labeled as a “suspected terrorist” today:

• Taking any steps to protect your privacy (and see this)

• Being a hippy

• Complaining about the taste of your tap water

• Being young (if you live near a battle zone, you are fair game; and see this)

• Acting like a kid

• Using social media

• Reporting or doing journalism (and here and here)

• Having “strange odors” or “bright colored stains on clothes” (what if you eat mustard or ketchup?)

• Speaking …read more

  Source: How Much Liberty Do Americans Have Left?

      

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Posted May 10th, 2016 in Uncategorized.

Cell Phone Addiction: 15 Numbers That Show The Ridiculous Obsession Americans Have With Their Phones

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By Tyler Durden

Submitted by Michael Snyder via The End of The American Dream blog,

Have you ever had a family gathering, a social function or a business meeting ruined by someone that was obsessed with checking their cell phone? I see this wherever I go, and it is one of the reasons why I don’t like to leave the house much. No matter who is around and no matter how important what they are supposed to be doing may be, many Americans feel a deep, dark compulsion to constantly check their smartphones. As you will see below, the average user checks his or her phone 35 times a day, but of course there are some people that are well into the triple digits. Cell phone addiction is very real, and that is why there are actually rehab programs for this sort of thing. Unfortunately, we simply can’t put the entire country into rehab, and this problem just keeps getting worse with each passing year.

Below, I want to share with you 15 numbers that show how ridiculous our obsession with our smartphones has become. I think that you will agree with me that our addiction to cell phones has gotten way out of control…

1. The average smartphone user checks his or her phone 35 times a day.

2. Common Sense media just released a new survey that found that 50 percent of American teens admit that they “feel addicted” to their smartphones.

3. Close to 70 percent of parents and teens say that they have argued about smartphone usage.

4. 77 percent of parents say that “their teenagers were sometimes distracted by their phones or tablets during time spent together with family”.

5. Even though it is illegal in almost every state, 56 percent of parents confess that they check their mobile devices while drivig.

6. 51 percent of teens admit that they have seen their parents check their smartphones while driving.

7. A different survey found that 75 percent of all smartphone users admit that they have texted while driving at least once.

8. 70 percent of smartphone users check their phones “within an hour of getting up”.

9. 56 percent of smartphone users check their phones “within an hour of going to sleep”.

10. 61 percent of smartphone users admit that “they regularly sleep with their cell or smartphone turned on under their pillow or next to their bed”.

11. 48 percent of smartphone users check their devices over the weekend.

12. 51 percent of smartphone users check their devices continuously during their vacations.

13. 44 percent of smartphone users admit that they would experience “a great deal of anxiety” if …read more

Source: Cell Phone Addiction: 15 Numbers That Show The Ridiculous Obsession Americans Have With Their Phones

    

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Posted May 10th, 2016 in Uncategorized.

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