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diligence2 111 posts  |  Last Activity: Jun 30, 2016 12:24 AM Member since: Dec 17, 2015
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  • ZeroHedge

    The plan, as The Daily Mail reports, proposed by a group of intellectuals, could make the country the first in the world to pay all of its citizens a monthly basic income regardless if they work or not. But the initiative has not gained much traction among politicians from left and right despite the fact that a referendum on it was approved by the federal government for the ballot box on June 5.

    Under the proposed initiative, each adult would receive $2,500 per months, and each child would also receive 625 francs ($750) a month.

    The federal government estimates the cost of the proposal at 208 billion francs ($215 billion) a year.

    Around 153 billion francs ($155 bn) would have to be levied from taxes, while 55 billion francs ($60 bn) would be transferred from social insurance and social assistance spending.
    That is 30% of GDP!!!

    Refugees Flooding Italy Surge 80%;

    Italy's Interior minister Angelino Alfano warns the refugee "system is at risk of collapse" following an 80 per cent spike in the number of arrivals to Italy across the central Mediterranean Sea in the first quarter of this year compared to 2015.

    In an interview with the FT, Angelino Alfano, Italy's interior minister, says the EU should move to secure deals with African nations, which are the source of the vast majority of migrants arriving in Italy, offering economic aid in exchange for taking back their citizens and preventing new flows.

    BTW, Africa The Average Yearly Salary $1,000
    The Market Oracle - Video: Africa Population Explosion - Why Europe's Migrant Crisis is Going to Get A Lot Worse

    DB Housing $$$$$

  • The Market Oracle
    National polls show him way out in front, up to 20 points over Cruz. You’d think he’d be unstoppable. Not if party bosses intend blocking him. More on this below.
    America’s political system is deplorable, the best democracy money can buy, insiders deciding who’ll be president and fill key congressional posts, ordinary people having no say whatever.

    Are plans afoot for anyone but Trump? Will dirty politics deny the clear GOP frontrunner? On Fox News Sunday, he refused to rule out an independent run if a manipulated convention fails to make him GOP standard bearer.
    “I want to run as a Republican,” he said. “I will beat Hillary Clinton.” He abandoned his pledge to support another party choice if denied. His future plans depend on how he’s treated, he said - so far “very unfairly,” he stressed.
    What’s happening behind the scenes won’t be known until nominating convention time. Republican National Committee chairman Reince Priebus was less than candid saying plans aren’t afoot to deny Trump.
    Party bosses are actively plotting to stop him, secret discussions taking place, aiming for a brokered convention they control.
    It remains to be seen if Trump can foil them. Politics isn’t for sissies - corrupt and dirty in America, a democracy in name only.

    BTW, Democratic Party so called Super Delegates to decide the outcome between Sanders & Clinton regardless of voters. Hmmm, maybe Ob#ama is correct when he said there is little difference between communism and capitalism.

  • First-Quarter Earnings Are Now Expected to Really Suck
    by Wolf Richter • April 3, 2016
    With the first quarter done, the bean-counting begins. One thing is clear: Wall Street is now furiously trying to contain the damage.

    Even analysts who estimate pro-forma, ex-bad-items, non-GAAP earnings that S&P 500 companies propagate to look better and that these analysts use to inflate their stock-price targets, just threw in the towel on the quarter.

    They expect these inflated earnings per share for the first quarter to plunge 8.5% from a year ago, according to FactSet. If this holds after S&P 500 companies report their ex-bad-items earnings, it would be the worst EPS decline since Q3 2009.

    It would also be the fourth quarter in a row of year-over-year earnings declines, a phenomenon that last happened during the Great Recession from Q4 2008 through Q3 2009.

    These ex-bad-items earnings are always far better than the still beautified earnings reported under GAAP, which, given these trends, may be too ugly to behold.

    And analysts’ earnings estimates always decline in the months leading up to the very days that companies report their earnings. By this strategy, analysts lower their over-optimistic ex-bad-items forecasts of earnings per share — after they used them to pump up their share-price targets – to something companies can actually beat. And Q1 is going to be tough.

    So far, 121 companies have issued EPS guidance for the first quarter. Of them, 94 have slashed their EPS outlook and 27 have raised it. If no additional negative guidance appears, it would, according to FactSet, “mark the second highest number of S&P 500 companies issuing negative EPS guidance for a quarter since FactSet began tracking the data in 2006.”

    Revenues of the S&P 500 companies are now expected to decline 1.1% in Q1. If the last few quarters are any guide, reality will get worse as companies begin to report a “disappointing top line”: For example, at the end of Q4, before companies began repor

  • Time-Price-Research
    Thursday, February 4, 2016

    The exposure of Deutsche Bank to its derivatives portfolio is a stunning EUR 64 Trillion, which is 16 times the GDP of Germany and roughly 5 times the GDP of the entire Eurozone! And to put things in perspective, the TOTAL government debt of the US government is 1/3rd of Deutsche Bank’s exposure - impossible for any government to bail out Deutsche Bank should things go terribly wrong.

    Sentiment: Strong Buy

  • ZeroHedge
    When we last looked at order of heavy, or Class 8, truck one quarter ago - that all-important, forward looking barometer of domestic trade - we said that even with 2015 in the history books, and as we start 2016 where the base effect was supposed to make the annual comps far more palatable, the latest, January data, as abysmal: "the drop continues to be one of Great Recession proportions, manifesting in yet another massive 48% collapse in truck orders in the first month of the year as demand appears to have gone in a state of deep hibernation."

    Fast forward one quarter when we now have another three months of Class 8 truck data, and unfortunately the orderbook has gone from bad to worse. As the WSJ reports, orders for new big rigs plunged and inventories of unsold trucks soared to their highest levels since just before the financial crisis, as uncertainty about future demand and a weak market for freight transportation weighed on truck manufacturers.

    About 67,000 Class 8 trucks are sitting unsold on dealer lots, after sales in March dropped 37% from a year earlier to 16,000 vehicles, according to ACT Research. Class 8 trucks are the type most commonly used on long-haul routes. Inventories haven’t been this high since early 2007, said Kenny Vieth, president of ACT.

    Sentiment: Strong Buy

  • WASHINGTON (Reuters) - The International Monetary Fund said on Sunday that a move to negative rates by some of the world's central banks would help deliver extra monetary stimulus and ease lending conditions.

    Six of the world's central banks have introduced negative rates, most notably the Bank of Japan and the European Central Bank, and around a quarter of the world economy by output is now experiencing official rates that are less than zero.

    They have achieved this by cutting deposit rates into negative territory, ranging from minus five basis points in Hungary to minus 125 basis points in Sweden - essentially a "tax" on deposits.

    "Although the experience with negative nominal interest rates is limited, we tentatively conclude that overall, they help deliver additional monetary stimulus and easier financial conditions, which support demand and price stability," the IMF’s financial counselor and director of monetary and capital markets, Jose Vinals, wrote in a research paper.

    The report was published ahead of next week's International Monetary Fund meetings in Washington.

    Meanwhile In Germany, An Unexpected Ad Appears

    Ad Offering -1.0% FINANCING

    Finance now with 0% and is pay 1% off the purchase price.

    An exclusive designer bed for only 78 euros a month, or a designer dining table for only 88 euros a month - what are you waiting for?

    Fulfill your desires today and pay conveniently in small monthly installments - and get this money back yet!

    To mark the 20 years of existence of WHO'S PERFECT, we offer the whole of April at a negative interest rate financing.

    This means that you get refunded after delivery of your goods 1% of the amount of funding of the purchase contract.

    Purchase in all our stores and of course here in the online shop you can easily and conveniently fund. So luxury is made easy!

    Now -1.0% financing for 24 months (in monthly installments)

  • diligence2 diligence2 Apr 10, 2016 8:07 PM Flag

    The Future Islamic Republic of Germany

    European Central Bank resorts to "helicopter money" distributions to euro zone citizens, an extreme form of monetary easing?

    Great News! The Average Salary in Africa is $1,000 yr.
    This should definitely speed up the Merger of Africa, Europe & The Middle East

    The Market Oracle - Video: Africa Population Explosion - Why Europe's Migrant Crisis is Going to Get A Lot Worse

    FOUR TO EIGHT MILLION IMMIGRANTS YR - Germanys Merkel Gives a BIG Welcome
    German Chancellor certainly gave a message that ‘all are welcome’

    If each immigrant brings in seven family members would be fantastic. It's very nice of Merkel to give German citizens money to create a GREAT Islamic / African Republic of Germany.

  • diligence2 by diligence2 Apr 14, 2016 10:37 PM Flag

    UK 'obliged' to accept judgments of European courts, official document from ministers ahead of EU referendum reveals

    UK 'obliged' to accept judgments of European courts, official document from ministers ahead of EU referendum reveals

    And the report concedes that EU law overrides UK law, and the European Court trumps the British Supreme Court.

    "With over 60% of UK laws made in, or derived from Brussels, the EU is testing the democratic contract to breaking point.

    "Whether you're on the left or right, the British people must wrest back democratic control on 23rd June."

  • Reply to


    by diligence2 Mar 7, 2016 8:08 PM
    diligence2 diligence2 Apr 14, 2016 10:45 PM Flag

    John Bolton on Europe’s Migrant Crisis: ‘Only a Matter of Time Before Some of Those T*rrorists Get to the United States’

    Former UN ambassador John Bolton believes the impact of Europe’s ongoing migrant crisis on America is “huge” and is one of the reasons why national security “has got to be at the center of the 2016 debate” because, as he pointed out, “It’s only a matter of time before some of those terrorists get to the United States.”

    olton also sees the crisis getting worse and potentially resulting in Britain opting out of the EU in a coming referendum. He said, “I think it’s getting worse in part because of the massive flows of people who have already entered on the continent of Europe out of Turkey or through other means. And it’s going to get worse in the coming months, in the spring and the summer as the sailing season across the Mediterranean opens up, and so you have flows of people from all across North Africa, not just from Syria and Iraq and the rest of the Middle East. And I still think we’re seeing a complete breakdown of the capability of the European Union to deal with this. It was a breakdown when Chancellor Merkel first invited in 800,000 refugees. That total is now over a million and a half.”

    Sentiment: Strong Buy

  • Reply to


    by diligence2 Mar 7, 2016 8:08 PM
    diligence2 diligence2 Apr 17, 2016 7:52 PM Flag


    In an interview with a Belgian newspaper, Jan Jambon said that he regretted that a “significant” proportion of the Muslim community had been “dancing” in the streets following the attacks on March 22 in which 32 innocent victims and three s*icide b*mbers were killed, and over 300 people injured.

    “A significant section of the Muslim community danced when attacks took place,” Jambon told De Standaard newspaper as cited by AFP. Shocked with such reaction, the minister blamed Belgian integration policy which had failed to incorporate migrants and refugees into European society.

    By way of example he said that residents of the Molenbeek neighbourhood in Brussels were very belligerent to both the authorities and the press during a raid which resulted in the arrest of the main suspect in the deadly Paris attacks last November which killed over 130 people.

    “They threw stones and bottles at police and press during the arrest of Salah Abdeslam . That is the real problem. That migrants from the third or fourth generation turn openly against our society and have been willing to use vi*lence or to justify it has to do with our policy,” Jambon said.

  • Reply to


    by diligence2 Mar 7, 2016 8:08 PM
    diligence2 diligence2 Apr 18, 2016 7:47 PM Flag

    HALF Of France’s Military Patrols The Streets To Prevent Another Terror Attack
    The Daily Caller

    The streets of Paris are flooded with thousands of soldiers as half the French military is deployed to protect the country from further t*rrorist attacks.

    Sentiment: Strong Buy

  • Nato raises 'justified concern' that Isil is plotting nuclear attack on Britain

    19 APRIL 2016 • 7:30PM
    Isil terrorists are plotting to carry out biological and nuclear attacks on Britain and Europe, EU and Nato security chiefs have warned.

    There is a “justified concern” that Islamist fanatics in Syria and Iraq are trying to obtain substances of mass destruction such as biological, chemical and radiological weapons.

    The terror group is also trying to develop new ways of avoiding security measures to carry out attacks such as bombs implanted in human bodies and hacking driverless cars, an international security conference in London heard.

    Jorge Berto Silva, deputy head of counter terrorism for the European Commission, said Isil had shown an interest in obtained chemical, biological, radioactive and nuclear (CBRN) materials.

    It emerged after the Brussels terror attacks last month that the terror cell had been secretly filming a senior Belgian nuclear official outside his home, fuelling fears they were looking at ways of how to obtain such substances.

  • Africa Awaits European Helicopter Money
    Average Salary 1000 Yr.

    The Market Oracle - Video: Africa Population Explosion - Why Europe's Migrant Crisis is Going to Get A Lot Worse

    VIDEO is GOING VIRAL ACROSS EUROPE - Viewed on Breitbart, YouTube & ZeroHedge

    if you're thinking of - Traveling to Europe, Investing, Moving . . .

    VIDEO: With Open Gates: The Forced Collective Suicide of European Nations’,

    Is a hard-hitting film about the European migrant crisis is going viral in Europe, already watched MILLIONS OF TIMES.

    Although the 19-minute film may feel like a dispatch from the future, it is cut entirely from recent news reports, police camera footage, and interviews.

    Sentiment: Strong Buy

  • diligence2 diligence2 Apr 24, 2016 9:11 PM Flag

    Although Saudi Arabia and the Gulf States will not take any refugees says it will help out — by building 200 new mosques on the European Continent.

    Amazing to watch Europe’s transformation into an Islamic caliphate.

    USA undergoing transformation as well . . .

    Ob*ma face to appear on Two Trillion Bill?

    But replacing Jackson with Tubman is not the only (affirmative action) change coming.

    The back of the $5 bill will soon feature Martin Luther King, Eleanor Roosevelt, and opera singer Marian Anderson, who performed at the Lincoln Memorial after being kept out of segregated Constitution Hall in 1939.

    And, lest we forget, while Abraham Lincoln remains on the front of the $5 bill, the war he launched cost 620,000 dead, and his beliefs in white supremacy and racial separatism were closer to those of David Duke than Dr. King.

    Alexander Hamilton, the architect of the American economy, will stay on the $10 bill, due in part to the intervention of hip-hop artists from the popular musical, “Hamilton,” in New York.

    Expect a change to the American Flag.

    Something more diverse, maybe even the addition of pink.

  • diligence2 diligence2 Apr 24, 2016 9:16 PM Flag

    Correction 20 Trillion Dollar Bill

    Forgot to mention Ob*ama most recent gift to America - Men in girls bathrooms.

  • Europe
    VIDEO is GOING VIRAL ACROSS EUROPE - Viewed on Breitbart, YouTube & ZeroHedge

    if you're thinking of - Traveling to Europe, Investing, Moving . . .

    VIDEO: With Open Gates: The Forced Collective Suicide of European Nations’,

    Is a hard-hitting film about the European migrant crisis is going viral in Europe, already watched MILLIONS OF TIMES.

    Although the 19-minute film may feel like a dispatch from the future, it is cut entirely from recent news reports, police camera footage, and interviews.

    Average Income 1,000 yr
    The Market Oracle - Video: Africa Population Explosion - Why Europe's Migrant Crisis is Going to Get A Lot Worse

    The Telegraph

    Open borders allow Isil sleeper cells into Europe and UK capable of carrying out Paris-style att*cks, warns US intelligence chief

    Sentiment: Strong Buy

  • April 25, 2016 6:48 p.m. ET
    WASHINGTON—Large U.S. banks would have to prove they have enough cash to withstand severe market turmoil lasting as long as a year under a new rule set to be proposed Tuesday.

    The regulation would require about 30 of the country’s biggest banks to adjust their balance sheets, cutting the odds they would run into the kind of funding crunch that crippled Bear Stearns and Lehman Brothers in 2008. But critics say it could also crimp banks’ profits by forcing them to devote more resources to low-return investments or higher-cost sources of cash, and could disrupt markets by forcing banks to curb their trading in certain types of instruments or pull back from certain types of loans.

    Sentiment: Strong Buy

  • diligence2 diligence2 Apr 28, 2016 7:27 PM Flag

    It turned out to be a strong buy.

    Sentiment: Strong Buy

  • 28 APRIL 2016 • 4:37PM
    The US economy has slowed to its weakest pace in two years, as plunging oil prices and global anxiety brought growth to a near standstill.

    The economy grew by just 0.1pc in the first quarter of the year, according to the Bureau of Economic Analysis (BEA), well below the 0.4pc gain of the previous quarter, and the 0.2pc rise anticipated by analysts.

    “Barring a miracle, it appears that GDP growth is on course for another underwhelming gain”

    The disappointing performance marked the third straight year in which US GDP figures have missed the estimates made by forecasters. Economists attributed much of the weakness to sliding business investment, knocked by jitters over the global economy and weak oil prices.

    Ian Shepherdson, chief economist at Pantheon Macroeconomics, said that the figures made for "grim" reading. Non-housing investment dropped 5.9pc, its largest fall since the second quarter of 2009. The decline knocked nearly 0.1 percentage points off the quarterly pace of growth.

    Mr Shepherdson said that he too had expected a "much better" set of figures for the second quarter of the year, as corporate investment should pick up as "the collapse in oil sector spending diminishes".

    Sentiment: Strong Buy

  • The EU is deliberately bringing in as much immigration into Europe as possible in an effort to 'divide and conquer' the original inhabitants of Europe, political commentator David Noakes told RT.

    David Noakes: The EU believes in ‘divide and conquer’ so it’s deliberately sucking in as much immigration into Europe as it possibly can with the idea of wiping out, cleansing the nations in Europe so that the number of immigrants exceeds the number of the original population. In England, according to the Office for National Statistics, that will now happen in less than 10 years. The English will be a minority in less than 10 years in their own nation. So it’s a huge success for the EU to be moving aside the nations that used to live in Europe.


    Sentiment: Strong Buy