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Senin, 09 Mei 2016

Black Monday keep your eyes OPEN STREAMING UPDATES ALL DAY

And so "Black Monday" begins......?


SIDE NOTE:  I am continuously editing this article as more and more info is coming out.....


Further Updates being ADDED to the BOTTOM of the article



LIVE coverage of Greece being made a Patsy:

 http://www.theguardian.com/business/live/2015/jun/29/greek-crisis-stock-markets-slide-capital-controls-banks-closed-live


Just how much of a Patsy?   Well judging by the outright lies of Juncker being spewed at this very moment in a televised press conference, a HUGE Patsy.

..... Dont forget who started all this mess to begin with!!!

Goldman Sachs

And who is the head of the ECB (EU Central Bank)- Mario Draghi

"Mario Draghi, formerly vice chairman and managing director of Goldman Sachs International. As incoming head of the European Central Bank, Draghi has been responsible for pouring €1 trillion of easy money into a tottering European banking system. You can call that a rescue operation if you like — but what exactly is being rescued? The collapsing banks and irresponsible governments most responsible for the current crisis. The firms and institutions who form Goldman’s crucial European client base, in fact."
http://planetponzi.com/blog/goldman-friends


Goldman Sachs Secret Take Down Of Greece

Greece – The Way Out


BUT WAIT!!!!  Theres MORE!!!
Coincidence?   I Think NOT!!


China-led AIIB development bank holds signing ceremony



China has hosted the signing ceremony of the Asian Infrastructure Investment Bank (AIIB), a new international financial institution set to rival the World Bank and Asian Development Bank.
Delegates from 50 countries signed articles that determine each members share and the banks initial capital.
The UK, Germany, Australia and South Korea are among the founding members....

http://www.bbc.com/news/world-asia-33307314


...Which might have some people cheering, but.......


Chinese Stocks Crash Most In 19 Years, Re-Open Limit Down (Despite PBOC Hail Mary)

Tyler Durdens picture
Submitted by Tyler Durden on 06/28/2015 23:22 -0400


  • Apple
    •  
  • Bear Market
    •  
  • China
    •  
  • Market Crash
    •  
  • NASDAQ

Share21
Carnage...
  • *CHINA STOCK PANIC SELLING TO CONTINUE, CENTRAL CHINA ZHANG SAYS
This leave Chinas CSI-300 broad stock index futures up just 7% year-to-date...
  • *CHINA CSI 500 STOCK-INDEX FUTURES FALL BY MAXIMUM 10% LIMIT
  • *CHINA CSI 500 STOCK-INDEX FUTURES FALL BY LIMIT FOR 2ND DAY
  • *HKEX DROPS AS MUCH AS 7.3%, MOST SINCE SEPT. 2011
  • *SHANGHAI COMPOSITE INDEX EXTENDS DROP TO 7.5%
  • *SHANGHAI COMPOSITE HEADS FOR BIGGEST 3-DAY DROP SINCE 1996
Carnage-er...
  • *CHINAS CSI 300 INDEX FALLS 3.4% TO 4,190.3 AT BREAK
  • *CHINAS SHANGHAI COMPOSITE FALLS 3.8% TO 4,035.48 AT BREAK
  • *CHINAS CSI 500 STOCK INDEX FUTURES EXTEND LOSSES TO 5.7%
  • *CHINEXT INDEX PLUNGES 7.8% FOR 3-DAY 20% SLIDE
After The Peoples Daily proclaimed... "investors were moved to tears" thanks to the PBOCs actions...

http://www.zerohedge.com/news/2015-06-28/chinese-double-rainbow-rate-cut-fails-reignite-rally-grexit-fears-weigh-global-marke



And if that isnt enough to raise your eyebrows, how about this:


Officials From 65 Countries Met at a Security Summit in Isolated Russia

Cooperation between defense and security agencies, the aftermaths of emergency situations, and drug trafficking prevention were high on the agenda along with fresh water as a strategic resource
http://russia-insider.com/en/politics/terrorism-water-security-issues-discussed-ulan-ude-summit/ri8305


And just to drive home the reality of the shit storm we are watching unfold....

While everyone was distracted and screaming about confederate flags and gay marriages..... the US federal government quietly fast tracked the TPP- giving Obama ABSOLUTE power, and California State government Fast tracked and PASSED the "manditory vaccine" Bill.

d


11:50

Juncker press conference on Greece

Heads-up. Jean-Claude Juncker, president of the European Commission, is discussing the Greek crisis now in Brussels
11:20
Pensioners in Greece’s second city, Thessaloniki, also queuing at their banks this morning in the hope of getting funds - but no luck:














Elderly people, who usually get their pensions at the end of the month, wait outside a closed bank in the northern Greek port city of Thessaloniki, Monday, June 29, 2015. Greece’s five-year financial crisis took its most dramatic turn yet, with the cabinet deciding that Greek banks would remain shut for six business days and restrictions would be imposed on cash machine withdrawals. (AP Photo/Giannis Papanikos)

11:06
Looks like Greek cash machines are up and running under the new regime of capital controls:
???s now working in #Greece, withdraw limit is 60€ [this does not apply to foreign bills] pic @MakisSinodinos


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Kamis, 28 April 2016

Transpicuous News Updates Oct 18th 2015 video




Archive Video of Last Nights Transpicuous News Report, Sunday Oct. 18th, 2015






News Links for October 18th, 2015 TN


Oct 18 2015


Putin and Saudi defense minister meet in Russia, agree on common goals in Syria
https://www.rt.com/news/318324-putin-saudi-goals-syria/

Saudi Arabia’s FM, Adel al-Jubeir, expressed Riyadh’s concerns about the targets of Russia’s military operations in Syria. In turn, Putin said Moscow understands the Saudi’s concern and expressed readiness to cooperate and share intelligence, according to Lavrov.
“On our part, we expressed readiness, which was met with a positive response from the successor to the Crown Prince, to begin close cooperation between our militaries, and security services in order to eliminate any doubts that the targets of the Russian Air Force are ISIS militants, al-Nusra Front, and other terrorist organizations,” he said.

http://en.kremlin.ru/events/president/transcripts/50479
All other countries that have so far taken part in operations in Syria are acting unlawfully, because there is no UN Security Council resolution on these operations, and no official request from the Syrian authorities.
Let me note that when we began our operation, 11 countries were already taking part in one form or another in various strikes against Syrian territory. This has been going on for more than a year now. Realising and understanding this situation, we informed our partners of our plans and proposed that we work together.
Simplest of all would have been for them to join our efforts and in this way bring their own operations on Syrian soil within the law at the same time. After all, if we have a mandate to act from the Syrian authorities, the simplest solution would be for others to join us and work within this same mandate. Unfortunately, we have not been able to reach any such agreement so far with our partners and colleagues, but we do not lose hope that this might yet be possible.

http://www.vanityfair.com/news/2015/10/hillary-clinton-robot-sweat

http://www.globalresearch.ca/two-us-led-coalition-f16-aircrafts-violate-syrian-airspace-target-electric-power-plants-in-aleppo/5481464

http://sana.sy/en/?p=57274

http://christianpoliticalparty.com/the-president-of-argentina-accuses-obama-and-his-administration-of-treason/   see youtube link below

https://www.youtube.com/watch?v=ksGvSGHKU94

http://www.paulcraigroberts.org/2015/10/11/french-government-aligns-russias-war-isis/

http://www.express.co.uk/news/world/611157/Russia-Turkey-jet-plane-shot-down-airspace-Syria-ISIS-Islamic-State

Vladimir Putin gave an interview to Rossiya-1 television channel presenter Vladimir Solovyov. The interview was recorded on October 10.
Let me note that when we began our operation, 11 countries were already taking part in one form or another in various strikes against Syrian territory. This has been going on for more than a year now. Realising and understanding this situation, we informed our partners of our plans and proposed that we work together.

Simplest of all would have been for them to join our efforts and in this way bring their own operations on Syrian soil within the law at the same time. After all, if we have a mandate to act from the Syrian authorities, the simplest solution would be for others to join us and work within this same mandate. Unfortunately, we have not been able to reach any such agreement so far with our partners and colleagues, but we do not lose hope that this might yet be possible.
 Looking at the purely military dimension, we have heard reproach from others, who say that our airstrikes are hitting not ISIS and other terrorist organisations like Jabhat al-Nusra and suchlike, but forces belonging to the healthy opposition. In this situation, we say to our partners, if they know the situation on the ground better than us and have already been there for more than a year – unlawfully, true, but present nevertheless – if they know better than us (and I doubt this is the case, but let’s assume it is possible), they should give us information on targets and we will work against these targets.

Vladimir Solovyov: They refused?

Vladimir Putin: Yes, they said they are not prepared to work at that level. I cannot see why, after all, if they really know the situation better and want to fight terrorism, they could share with us concrete locations where the terrorists are hiding out and have their command posts and arms and equipment depots.
http://en.kremlin.ru/events/president/transcripts/50482

The plan by climate alarmists to have other scientists imprisoned for their ‘global warming’ skepticism is backfiring horribly, and the chief alarmist is now facing a House investigation into what has been called “the largest science scandal in US history.”
http://www.breitbart.com/big-government/2015/10/02/climate-alarmist-caught-largest-science-scandal-u-s-history/

Saudi Arabia Warns "Rumor-Mongers" On Facebook And Twitter Risk Execution

According to state-run Makkah Newspaper in Saudi Arabia, the wealthy Gulf-nation is threatening its citizens with the death penalty for spreading rumors about the government on social media.  An anonymous source within the Ministry of Justice stated only the worst “rumour-mongers” will be sentenced to death, while lesser offenders of the new policy will be disciplined with flogging, imprisonment, travel bans, house arrest, fines and social media bans.

Although the source is not mentioned by name, it should not be assumed that details of the column are any less credible. Human rights organization Reprieve reports that Makkah’s allegiance to the Saudi government is such that the claims should be considered legitimate.  “Although the report does not use a named source, the nature of state-censorship in the Kingdom makes it unlikely that such claims would be made without the consent of the authorities.
http://www.zerohedge.com/news/2015-10-11/saudi-arabia-warns-rumor-mongers-facebook-and-twitter-risk-execution

http://www.zerohedge.com/news/2015-10-12/obama-wont-back-down-after-chinese-threat-sends-warships-china-islands-matter-days

In her most dramatic speech to date about climate change, National Security Advisor Susan Rice suggests climate change was partially responsible for the conflict in Syria and represents a looming threat to the entire world.
http://www.breitbart.com/big-government/2015/10/13/susan-rice-blames-climate-change-conflict-syria/


 *NASAs New Chemtrails: "Colourful displays"... WTF?*
Well well well.... I do love when pieces flow together in a seamless stream of information.  I woke up this morning to three different posts in the new UnFuckers Unite Facebook group, that ties some interesting information together today....  What do floating cities, project blue beam, chemtrails and Lithium all have in commmon?  Perhaps more than we thought, lol.
http://removingtheshackles.blogspot.com/2015/10/nasas-new-chemtrails-colourful-displays.html

 *The "Climate Change" Litmus Test*
I honestly think that we could use just this one point- this one topic- as a litmus test for humanity. The complete absurdity of the "Climate Change" rhetoric and agendas is so completely asinine, in that THEIR OWN STATEMENTS contradict themselves- this is the perfect barometer to look at whether people have any chance of shaking the mind numbing koolaid out of their brains and actually use them to logically deduce the bullshit that the "Climate Change" Schtic is.....

http://removingtheshackles.blogspot.com/2015/10/the-climate-change-litmus-test.html

http://news.yahoo.com/pluto-reveals-variety-rich-colors-stunning-experts-202941602.html
http://www.nytimes.com/interactive/2015/01/13/science/space/photos-of-pluto-from-nasa-new-horizons.html?_r=0
http://www.dailymail.co.uk/sciencetech/article-3274584/Pluto-active-world-spectacular-colour-Nasa-reveals-scientific-results-New-Horizons-historic-flyby-dwarf-planet.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490


Junker Throws in the Towel: "We Cant Go On" Fighting Russia

The EU chief says Europe can no longer afford to have a policy dictated by the United States
http://russia-insider.com/en/politics/junker-throws-towel-we-cant-go-fighting-russia/ri10463

http://www.thegatewaypundit.com/2015/10/report-eu-government-believes-obama-is-quite-mentally-unwell-inquires-about-impeachment/

http://technocracy.news/index.php/2015/10/08/genetically-modified-humans-can-fight-climate-change/

https://www.rt.com/usa/318708-customs-computers-problems-usa-airports/

http://www.trueactivist.com/fantastic-news-nestle-to-be-sued-for-californian-drought-crimes/?utm_source=sm&utm_medium=ta&utm_campaign=sm

http://www.globalresearch.ca/canada-the-cover-up-and-steal-of-another-election-the-harper-corruption-of-canada-and-opposition-fear-to-name-it/5480540?utm_source=Global+Research+Newsletter&utm_campaign=fca242f1bc-Newsletter_13_10_1510_13_2015&utm_medium=email&utm_term=0_0ec9ab057f-fca242f1bc-81363417&ct=t%28Newsletter_13_10_1510_13_2015%29&mc_cid=fca242f1bc&mc_eid=477ae001ca

http://www.independent.co.uk/news/world/forget-water-on-mars-astronomers-may-have-just-found-giant-alien-megastructures-orbiting-a-star-near-a6693886.html

http://yournewswire.com/white-house-says-isis-second-in-command-killed-by-us-air-strike/

http://www.nasdaq.com/article/former-un-general-assembly-president-charged-with-corruption-20151006-00881

http://www.theblaze.com/stories/2015/10/14/israel-calls-citizen-gun-owners-a-force-multiplier-against-terrorism-eases-gun-license-rules/

http://www.news24.com/SouthAfrica/News/R23m-pumped-into-disaster-preparedness-plan-20150827

http://www.nasdaq.com/article/former-un-general-assembly-president-charged-with-corruption-20151006-00881

https://www.rt.com/usa/318786-us-analysts-kunduz-hospital/

MAJOR NEWS:

"“We wouldn’t participate in any surveillance or whatever other activities the United States might have talked about,” Australian Trade Minister Andrew Robb said on Thursday in an interview with Bloomberg. He was commenting on the Pentagon’s plan to test China’s resolve to protect the waters around its artificial islands.

“On that issue, we’re not taking sides,” Robb added."

https://www.rt.com/news/318738-china-islands-australia-us/

Know who else borders Tajikistan?  China.

 Russia may send border guards to Tajikistan to fend off ISIS - Defense Ministry

https://www.rt.com/politics/318763-defense-ministry-allows-for-russian/

*American Psycho: Has the United States lost its collective mind? *

Use of antipsychotic prescription drugs floods America....

.... Watch out for the Zombies.

http://removingtheshackles.blogspot.com/2015/10/american-psycho-has-united-states-lost.html

Unusual happenings with inactive radio stations, signaling something big about to happen?
Submitted by IWB, on October 15th, 2015


On SKYKING (8992 or 11175 kHz USB) a call sign called “COLLAPSE” which has not been heard since 2001 has just broadcasted 4 messages to numbered stations/units in the last few minutes.

“FUXEBOX” and “Reykjavik,” have also broadcast in the last few days and they haven’t been heard since 1991 (collapse of the Soviet Union).

“COLLAPSE” has sent 3 messages in the last few minutes.
http://investmentwatchblog.com/unusual-happenings-with-inactive-radio-stations-signaling-something-big-about-to-happen/

http://money.cnn.com/2015/10/14/technology/passport-license-domestic-flights/index.html

http://www.redicecreations.com/article.php?id=34494#.ViAjXX1m1W0.facebook

THIS is Horrific!  and the sad part is that this is main stream media and the Canadian sheep will just freakin ignore it... like everything else.

(star)  *Health Canada hands over documents but muzzles doctor*

Toronto doctor muzzled, not allowed to talk about morning sickness drug info

http://www.thestar.com/news/canada/2015/10/14/health-canada-hands-over-documents-but-muzzles-doctor.html


https://www.rt.com/op-edge/318753-moscow-washington-war-syria/

 * US Uses Tank to Destroy War Crimes Evidence*

I have said for almost three years that everything is going to be made very transparent. That everything- all the corruption, the fraud, etc...- needs to be made completely visible to the world....

In the past month, the "Visibility" has reached a whole new level. The question is: WILL PEOPLE PAY ATTENTION?

http://removingtheshackles.blogspot.com/2015/10/us-uses-tank-to-destroy-war-crimes.html

https://www.rt.com/usa/318854-oil-rig-explosion-texas/

http://www.latimes.com/local/lanow/la-me-ln-5-freeway-remains-closed-more-thunderstorms-expected-20151016-story.html

http://ufoholic.com/nasas-kepler-telescope-discovers-a-colossal-artificial-structure-orbiting-a-star-in-our-vicinity/

http://usatoday.com.co/caitlyn-jenner-awarded-nobel-prize-for-courage/

http://www.dailykos.com/story/2015/10/15/1433089/-Turns-out-Fox-News-go-to-CIA-expert-is-a-con-man-not-really-a-CIA-anything

http://politicalvelcraft.org/2015/10/16/demoralized-u-s-israeli-isis-militants-deserting-en-masse-amid-russian-airstrikes-defense-ministry/

http://www.presstv.ir/Detail/2015/10/16/433714/Jordan-Aqsa-Mosque-alQuds-West-Bank

http://www.wsj.com/articles/deutsche-bank-board-member-stephan-leithner-to-leave-bank-1444937354

http://www.theguardian.com/world/2015/oct/17/uk-courts-saudi-arabia-arms-sales

http://money.cnn.com/2015/10/15/technology/isis-energy-grid/

http://revolution-news.com/palestinians-and-jews-rally-at-the-white-house-to-end-u-s-aid-for-israel/

http://www.thenewamerican.com/tech/environment/item/21766-top-meteorologist-persecuted-for-debunking-climate-hysteria


https://exposingthebiggame.wordpress.com/2015/10/07/scientists-earth-endangered-by-new-strain-of-fact-resistant-humans/

http://www.veteranstoday.com/2015/10/14/putins-wild-card-in-syria/

http://finance.yahoo.com/news/mcdonalds-franchisees-brand-deep-depression-160253843.html;_ylt=A0LEVi5qoSNWLHEA2nknnIlQ;_ylu=X3oDMTE0NHRiNWVwBGNvbG8DYmYxBHBvcwMxBHZ0aWQDRkZYVUk0NV8xBHNlYwNzYw--

http://www.ewao.com/a/1-marijuana-kills-cancer-cells-admits-us-national-cancer-institute

http://inhabitat.com/worlds-largest-waste-to-energy-system-turns-washington-d-c-poop-into-power/

http://edition.cnn.com/2015/10/14/politics/justice-department-domestic-terror-council/index.html

https://www.rt.com/uk/318881-magnets-brain-immigration-religion/



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Kamis, 14 April 2016

A couple of updates on the patch

Backyard Aquaponic update, more plans & jobbies. 29th April 2013
Not much happening with the aquaponics of late other than plants growing & fish swimming.. The radial flow filter is yet to be included into the main feed line to the grow beds.. It needs a few minor alterations so it can be cleaned out more effectively before that can happen though..



Have been inspired to start off a small 2000L/530gal fish farm so am making plans to clear some space to include it next to the aquaponics.. Hope to make a start on that as soon as I can save up some extra coin :)

Wicking bed & Straw bale garden update.. 1st May 2013
Really love the growth the garden puts on at this time of year but with the milder weather creeping up on us I think I will be wishing it was spring soon enough.. The hay bale bed looks to be working just fine & am looking forward to planting out some spuds soon using Peter Cundalls no-dig potato method ..



Have made a proper start on the hoop house extension & hope to have all the frame up by next weekend so you should see some progress on that in the next update..


For more regular updates & pictures from the patch come visit us on our Bits Out the Back Facebook page..
Have a great one All...







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Kamis, 07 April 2016

Transpicuous News Video and UPDATES for Tues

On the Transpicuous News Report, Sunday August 30th, we primarily focused on the Financial Insanity of this past week or so  (Archive Video below)

.. and Then Monday Arrived, the markets opened and did some more very interesting gyrations.

Further to the report, several interesting article have come out that highlight some very interesting information.  And its not just the alternative media- Sputnik just published an article quoting Gerald Celentes doom predictions, which is an interesting twist in the propaganda machine of Russia.

Below are a few of the interesting articles that have come out lately, and a few of the screen shots from TN on Sunday.



US is Gearing Up for Onrushing Economic Apocalypse

America is hurling all of its effort into preparing for a September “apocalypse,” as economic forecasts are becoming more and more intimidating, RT columnist Robert Bridge wrote.
US Economic Confidence Index rating, confidence in the US economy among Americans dropped to its lowest level in July. Nothing to be surprised about, considering that each and every economy analyst deems it duty to share predictions on the countrys nearest future in a campfire scary story manner...
It does seem like professional economists are competing in a think-of-the-most-dreadful-metaphor contest when describing what awaits global economy.
The founder of Trends Research, who predicted the "panic of 2008," believes that soon we will witness the crash of a global stock market and predicts
 "the economic earthquake [that] will send reverberations around the world".
"Theres going to be panic on the streets from Wall Street to Shanghai, to the UK down to Brazil." Celente told King World News. "Youre going to see one market after another begin to collapse."
Analyst Larry Edelson took the fear to the next level as he even predicted the exact day the catastrophe begins, or, as he called it, a "rollercoaster ride through hell."
"On October 7, 2015, the first economic super cycle since 1929 will trigger a global financial crisis of epic proportions." He said.
"It will bring Europe, Japan and the United States to their knees, sending nearly one billion human beings on a roller-coaster ride through hell for the next five years. A ride like no generation has ever seen."

Read more: http://sputniknews.com/business/20150817/1025818543.html#ixzz3kRDRZ1EV




“Something” Just Happened!


The leverage in all markets suggests a “holiday” will occur because the unwinding cannot be orderly
by Bill Holter, SGT Report:
“Something” happened three weeks ago. While we cannot be sure “what” exactly happened, we can speculate. We have many dots and lots of data points to help us but first it needs to be pointed out, even if wrong in conclusion …just the knowledge alone that “something changed” is enough. If you know something has changed, you can take clues and look at various markets for inflection points. Currently, most markets are stretched to various limits. Whether it be zero bound credit markets, equities, real estate, commodities or gold and silver, all values had reached extreme highs or lows.
Something changed three weeks ago and a series of events began. It all started with China announcing 600 additional tons of gold. This was followed by the IMF rebuff of China, the three yuan devaluations and three “coincidental” explosions. Then equity markets around the world (which were already weak) began to violently unravel and finally spilled over to the U.S.. This tested the PPT’s limits (which were apparently $23 billion last week).....
There were several more major anomalies in gold. As of Friday, there were 63 August contracts still open …even though the contract went off the board. This has NEVER happened in 40 years! How is this possible?...
Over in silver, did you know they had confirmed volume on Thursday of 122,482 contracts traded? Did you know this represents 612 MILLION ounces of silver …or over 87% of annual global silver production ex China and Russia? How in the world does 87% of a full year’s production trade in just several hours? Doesn’t this go against commodity laws? AND, silver was pummeled on Thursday so it was supposed to represent PANIC SELLING. Who was panicking and needed to sell all that silver so fast? ....
Before telling you what I think has changed, we need to look at what China has just done. China has sold $100 billion worth of Treasury bonds over the last two weeks....the Federal Reserve had to buy the $100 billion worth of bonds. This is “reverse” QE or as they now say “QT” (quantitative tightening).
....The important thing is you understand “something” very big has happened and trends are changing in many markets. The leverage in all markets suggests a “holiday” will occur because the unwinding cannot be orderly. The “unwinding” by the way will need to undue the credit built upon credit going all the way back to Aug. 15, 1971!

http://sgtreport.com/2015/08/something-just-happened/
( http://www.independent.co.uk/news/uk/politics/stock-up-on-canned-food-for-stock-market-crash-warns-former-gordon-brown-advisor-10469509.html  )

BNY Scrambles To Fix Unresolved ETF "Glitch" By Monday Market Open

Tyler Durdens picture
Submitted by Tyler Durden on 08/31/2015 08:55 -0400

Last weekend, someone at SunGard Data Systems tried to implement an upgrade to the accounting system that Bank of New York Mellon uses to calculate NAVs for the mutual fund and ETF industries. Well wouldn’t you know it, there was a "glitch" after which something became "corrupted" (so, kind of like what happens inside the Beltway on a daily basis) and so, come Monday, investors couldn’t get accurate assessments of the fair value for the funds. 
Speaking of last Monday, if memory serves us, something notable happened in equity markets... oh, that’s right, the Dow crashed 1,000 points out of the gate in a harrowing bout of flash-crashing, circuit breaker-tripping mayhem and that, according to SunGard, is completely unrelated to the fact that the company still, as of Sunday night, had not calculated NAVs for all of the affected funds.  WSJ has more:
Bank of New York Mellon Corp.’s chief executive warned clients that his firm might not be able to solve all pricing problems caused by a computer glitch before markets open Monday, the latest delay in an unprecedented outage that has frustrated investors and prevented nearly 50 fund companies from providing accurate values for their holdings.

It “has taken far longer than any of us would have expected,” CEO Gerald Hassell said in a Sunday night conference call.

More than 100 employees at the New York company worked through the weekend to correct the glitch and provide up-to-date pricing for roughly 1,200 mutual funds and exchange-traded funds that have lacked accurate asset value figures since last Monday.

Mr. Hassell said BNY Mellon had calculated the net asset values for all funds through last Thursday, with the exception of one company. BNY didn’t name the company. Mr. Hassell told clients that the task would be complete for mutual funds sometime Monday morning but didn’t promise to provide all values before the market opens. Correct prices for exchange-traded funds are expected to be fixed before the open, he said.

The outage has roiled money-management firms that strive to provide investors with accurate pricing for their funds. In its first attempt at quantifying the outage, BNY Mellon said that 20 mutual-fund companies and 26 providers of exchange-traded funds had been affected.

Setbacks in resolving the issue have put BNY Mellon’s reputation on the line, said analysts, likely prompting some clients to at least consider whether to move their business to a rival custodian.

Fund companies affected include Goldman Sachs Group Inc., Guggenheim Investments, Prudential Investments, Federated Investors and Invesco PowerShares. All have had to rely on backup methods for calculating asset values, and are now reconciling the values that they published last week with the new data provided by BNY Mellon.
Got that? Essentially, if you own an ETF or a mutual fund provided by one of the affected companies, there’s no way to be sure that the NAV you’re looking at is accurate. ....
....Now to be fair, no one will ever know precisely what went wrong with the ETF pricing model last Monday, and our guess is that broken, manipulated markets are the root cause of the problem and to the extent that a “glitch” in SunGard’s systems is to blame, we can’t help but think that the sheer chaos which unfolded after the opening bell last Monday might have simply overwhelmed or otherwise confused the system. 
Of course Bank of New York Mellon can’t simply come out and say that broken markets broke its accounting software because that would be to place the blame squarely where it belongs and everyone knows that is a very dangerous thing to do.
http://www.zerohedge.com/news/2015-08-31/bny-scrambles-fix-unresolved-etf-glitch-monday-market-open




China Rocked By Another Massive Chemical Explosion

Tyler Durdens picture
Submitted by Tyler Durden on 08/31/2015 19:12 -0400

Seriously, what the f##k is going on over there?
  • *BLAST SEEN IN CHEM. IND. ZONE IN SHANDONG, CHINA: PEOPLES DAILY
This is the second explosion in Shandong, which both follow the huge and deadly explosion in Tianjin....

http://www.zerohedge.com/news/2015-08-31/china-rocked-another-massive-chemical-explosion-peoples-daily-reports







https://twitter.com/Breaking3zero/status/638414858627608576/photo/1



China to close around 10,000 factories this week to ensure blue skies for big parade

 
Author: Eamonn Sheridan | Category:  News
Author: Eamonn Sheridan

Xinhua News Agency reports on preparations for the big parade in Beijing on Thursday

  • Temporary controls to last from August 28 to September 4
  • More than 10,000 factories reducing or stopping production
  • The suspension order for factories and steel mills covers a total of seven provinces      
  • Work on nearly 9,000 construction sites stalling
  • Restrictions on road traffic
  • China is planning a parade to mark the 70th anniversary of the end of World War II
  • The area affected is bigger than that during APEC in November 2014
via Wall Street Journal
Lets hope it all goes off smoothly and safely. Markets will, of course, be concerned about the impact of slowing production in China amidst broader concerns on the economy.
http://news.forexlive.com/!/china-to-close-around-10000-factories-this-week-to-ensure-blue-skies-for-big-parade-20150830

Markets will be concerned about slowed production?!?   Are you kidding me?  Chinas production - especially in the Steel industry has all but ground to a halt over the past few months BECAUSE NO ONE HAS ANY MONEY TO ORDER NEW SHIPS, CARS, CONTAINERS ETC.....  The shipping rates index plummeted in July and August in a desperate attempt to convince companies to ship something.... ANYTHING!  Because no one is BUYING.   So is Chinas massive industry shutdown about clearing up the pollution so they have lovely blue skies for the day of their parade..... or is it a drastic attempt to equalize production vs sales? 





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