Tuesday, April 4, 2017

Susan Rice Ordered "Detailed Spreadsheets Of Intercepted Phone Calls" With Trump Team


"Somebody blew a hole in the wall between national security secrets and partisan politics. This was a stream of information that was supposed to be hermetically sealed from politics and the Obama administration found a way to blow a hole in that wall.  This is a leaking of signal intelligence.  That’s a felony."

Fading "The Beast"

"So far the S&P has made an all-time high at the beginning of March. Yesterday Nasdaq made a new high almost a month later. The last time we saw an S&P peak followed by a Nasdaq peak almost a month later? 2007."

Spanish Gunship Makes "Illegal Incursion" Into British Waters Off Gibraltar

A Spanish gunship has made an illegal incursion into British waters off Gibraltar amid rising Brexit tensions over the territory. The alleged incursion comes one day after Spanish foreign minister Alfonso Dastis told the UK not to "lose tempers" after the EU Brexit negotiation guidelines effectively gave Spain significant power over Gibraltar's future.

A Heightened Sense Of Vulnerability

The gap between the happy-story fantasies of easy fixes to institutionalized corruption and systemic stagnation and the fraying-rope reality is widening, straining the bonds holding the whole contraption together to the breaking point.

Watch Live: Donald Trump Hosts Town Hall With Business Leaders

Trump is hosting a town hall meeting at the White House to discuss the "American Business Climate", where dozens of high-profile CEOs will discuss business-related topics. The nearly 2 hour meeting is an "opportunity to discuss policies to create a pro-business climate with top Partnership CEOs from all industries."

US Factory Orders Rise At Fastest In 3 Years (Thanks To Global Warmongery)

Great news - US factory orders grew 7.3% YoY, the highest since July 2014, surely showing the Trumpian hope translating into economic reality? However, adjusted for non-defense and aircraft orders, year-over-year growth was just 0.3% - not exactly what the record high levels of sentiment would have hoped for.

Ralph Lauren To Close Flagship Fifth Avenue Store; Cut Jobs

The retail massacre claimed its latest victim this morning when iconic luxury retailer Ralph Lauren said it would shut its flagship Polo store on Fifth Avenue in New York City, among other office and store locations, and cut jobs as part of a cost-cutting plan.

St. Petersburg Suicide Bomber Identified As 22-Year-Old Kyrgyz Native

The Russian Investigative Committee has revealed the identity of a 22-year-old man who blew himself up in the Saint Petersburg subway on Monday, killing 14 and injuring dozens of people. The suicide bomber was revealed to be Kyrgyzstan native Akbarzhon Dzhalilov. He was born on April 1, 1995.

Hungary Passes Law Targeting Soros University

Hungarian lawmakers from Prime Minister Viktor Orba's Fidesz party approved a law that could force a university founded by financier George Soros out of the country despite a protest against the plan in Budapest and condemnation abroad.

February Trade Deficit Shrinks, Smaller Than All Estimates

The US Trade Balance shrank to $43.6 billion in February (the smallest deficit since October and smaller than all economists' estimates). Imports fell modestly (-1.8%) and exports inched higher (+0.2%) as it seems a notably weaker dollar did nothing to help. Notably US' trade deficit with China is down 4.9% on a year-to-date, year-over-year basis.

Frontrunning: April 4

  • Europe stocks rise but bond yield falls show investor caution (Reuters)
  • Danger of Sell-Off in U.S. Stocks Grows as Auto Sales Disappoint (BBG)
  • Battle Over Gorsuch Confirmation Is Set to Hit Senate Floor (WSJ)
  • U.S. business seeks action, not trade war, in Xi-Trump summit (Reuters)
  • Uncovering the Secret History of Wall Street’s Largest Oil Trade (BBG)
 
 

Futures Slide As Weak Start To Q2 Continues Amid Global Growth, Political Jitters

Global stocks were pressured by a poor start to the second quarter in the US, where carmakers reported disappointing sales data, slamming auto stocks around the globe. The selling has persisted for a second day, with Asian stocks, S&P futures fall and European shares all partially in the red today after their biggest decline in two weeks.

Dallas Mayor Pulls Support For "Massive Taxpayer Bailout" Of Police Pension

"Basically you’re paying on phantom employees, not real employees.  No business would do it this way. We cannot find another pension fund in America where someone pays into a fund based on future employees. It’s just not done and it should not start here in the State of Texas.  This is the most taxpayer unfriendly poison pill that I’ve seen in this bill.  I’m not going to swallow this pill.”

Three Precursors to the ’08 Crisis are Repeating Now

by Nomi Prins, DailyReckoning:
The biggest banks are still as dangerous as they were before the last crisis, even as they push for less regulation.
The big six banks U.S. banks are JP Morgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley. Despite their belly-aching about heinous Dodd-Frank Act regulations cramping their betting style, they have all done damn good recently.
Since Trump was elected and started talking about deregulation, the big six bank stock values have collectively skyrocketed 33.5 percent (as of March 10th). Bank of America tops that rise with an eye-popping increase of 48.8 percent in three months. Goldman Sachs and Morgan Stanley shares shot up 36.6 percent.
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President Trump Donates First Quarter Salary To National Park Service

from True Activist:
A total of $78,333 will be donated to the National Park Service, every penny that’s been earned since he was inaugurated on January 20, 2017.
Before business tycoon Donald Trump was elected as President of the United States, he promised to donate every cent of his $400,000 annual salary. At a town-hall meeting in 2015, he declared “That’s no big deal for me.” That’s because Trump made a fortune in real estate before running for political office.
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The Balance of Gold and Silver – Keith Weiner

by Keith Weiner, Sprott Money:
Last week, we discussed the growing stress in the credit markets. We noted this is a reason to buy gold, and likely the reason why gold buying has ticked up since just before Christmas.
Many people live in countries where another paper scrip is declared to be money—to picture the absurdity, just imagine a king declaring that the tide must roll back and not get his feet wet when his throne is placed on the beach—not real money like the US dollar. It should be obvious, but we have seen much disinformation out there promoting the idea that the dollar is collapsing. Most of the time, most of these people buy dollars as the escape hatch from their native currencies.
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German and Swiss Precious Metals Refiners Join Forces as Heraeus Acquires Argor-Heraeus

by Ronan Manly, BullionStar:
German precious metals group Heraeus Precious Metals (HPM), part of the Heraeus industrial group, has just announced the full acquisition of Swiss precious metals refining group Argor-Heraeus. Heraeus is headquartered in Hanau, just outside Frankfurt. Argor-Heraeus is headquartered in Mendrisio in the Swiss Canton of Ticino, beside the Italian border.
The Heraeus takeover announcement, on 3 April 2017, continues a noticeable acquisition trend in the Swiss precious metals refining sector and follows the July 2016 acquisition of Neuch√Ętel based Metalor Technologies by Japanese Tanaka Precious Metals, and the takeover of Ticino-based Swiss gold and silver refiner Valcambi by Indian group Rajesh Exports in July 2015. The Heraeus press release from Monday 3 April can be read here in English.
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The Real Russiagate: Obama’s Stasi State — Michael Hudson and Paul Craig Roberts

by Paul Craig Roberts, Paul Craig Roberts:
Mike Whitney has written an excellent expose of the “Russiagate” cover story for Obama’s political use of national security to help his party oppose Republicans. http://www.informationclearinghouse.info/46775.htm
Covert surveillance of politicians on Obama’s Nixon-like “Enemies List” has been going on for many years, but is only now being unmasked as a result of the failure of Obama’s cover story–“We weren’t spying on political opponents; only on Russians to protect America.”
The presstitute media has passed on the cover story authored by former Obama-administration officials led by CIA director John Brennan, FBI director James Comey, the DNC, and Democratic Rep. Adam Schiff. The loose ends in this cover-up have now been so widely exposed as hearsay and political that only 13% of Republicans believe the fact-free story – but 67% of Democrats cling to it.
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The Comex Is The World’s Most Corrupted Market

by Dave Kranzler, Investment Research Dynamics:
While no additional silver was put on deposit at the Comex during the [past] week, The Banks sold contracts for 120MM oz. This is fraud. [email protected] MetalsReport
If you were to poll the public about comparing the investment returns between gold, silver and stocks during the first quarter of 2017, it’s highly probable that the majority of the populace would respond that the S&P 500 outperformed the precious metals. That’s a result of the mainstream media’s unwillingness to report on the precious metals market other than to disparage it as an investment.
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Official Numbers Hide Sagging Prices in Miami’s Epic Condo Glut

by Wolf Richter, Wolf Street:
Granular data shoes why numbers on the surface don’t add up.
Condo sales in Miami-Dade County have plunged. Condos on the market have surged. Supply has hit 14 months. Developers are sitting on completed units they can’t sell, and months’ supply in their projects has reached several years.
With this kind of supply-and-demand imbalance – sales down 25% from February 2014, inventory up 90% since early 2013 – you’d expect prices to head south. But the median price of condos in February, according to the Miami Association of Realtors, increased 6.3% year-over-year. This is the mystery we’ll shed some light on (chart by StatFunding):
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Venezuela’s Money Supply Soars By A Record 200%

from ZeroHedge:
Two weeks ago, Reuters reported that due to “unexplained” reasons, the Venezuela central bank had stopped publishing its M2, or money supply, data. The M2 money supply was up by nearly 180% in mid-February from a year earlier, according to the central bank before it halted the release of the weekly data without explanation in February.
“If they are not publishing, you know it must be skyrocketing,” Aurelio Concheso, director of the Caracas-based business consultancy Aspen Consulting, stated the obvious. The central bank and ministry of communications did not respond to a request for comment, Reuters adds.
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OPEN INTEREST IN SILVER RISES AGAIN TO 216,000 PLUS CONTRACTS AND WE ARE ONLY 7,000 CONTRACTS AWAY FROM RECORD TERRITORY

HUGE DEPOSIT OF 4.45 TONNES OF GOLD INTO THE GLD/GOLD UP $3.50 BUT SILVER DOWN BY 4 CENTS
from Harvey Organ:
HUGE BOMB BLAST IN ST PETERSBURG TRAIN STATION/MOSCOW AND BEIJING JOIN FORCES BYPASSING THE USA DOLLAR AS THEY ARE TAKING STEPS TO HAVE A GOLD BACKED CURRENCY/SUSAN RICE HAS BEEN IDENTIFIED AS THE AGENT WHO “UNMASKED” TRUMP TRANSITION TEAM”/SPICER CALLS THIS DEVELOPMENT TROUBLING/USA PMI TUMBLES/SO DOES ALL AUTO SALES FOR MARCH
In silver, the total open interest ROSE BY ANOTHER UNBELIEVABLE 4850 contracts UP to 216,372 DESPITE THE SMALL RISE IN PRICE ( 5 CENTS) WITH RESPECT TO FRIDAY’S TRADING. THE HEDGE FUNDS (MANAGED MONEY) CONTINUES TO HASTILY ADD TO THEIR POSITIONS WITH THE BANKERS TRYING TO COVER THEIR EVER BURGEONING SHORTS (OVER 555 MILLION OZ) BUT TO NO AVAIL. In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.082 BILLION TO BE EXACT or 154% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 0 NOTICE(S) FOR NIL OZ OF SILVER
In gold, the total comex gold also ROSE BY 2661 contracts WITH THE RISE IN THE PRICE OF GOLD ($2.30 with FRIDAY’S TRADING). The total gold OI stands at 417,554 contracts.
Read More @ Harveyorganblog.com

2,070 Refugees Arrived in U.S. in March; 54% Drop From February

by Patrick Goodenough, CNSnews:
The number of refugees admitted to the United States dropped in March to its lowest monthly tally of the current fiscal year, even as the implementation of President Trump’s latest immigration executive order continues to be held up by federal courts.
In a continuing declining trend, 2,070 refugees arrived during March, an approximately 54.79 percent drop from the 4,579 recorded in February, according to State Department Refugee Processing Center data.
The number has steadily declined in FY 2017, from 9,945 refugees admitted to the U.S. last October, to 8,355 in November, 7,371 in December and 6,777 in January.
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Monday, April 3, 2017

Confirmed: Susan Rice "Unmasked" Trump Team



Bloomberg has just confirmed that Susan Rice repeatedly requested to "unmask" Trump aides picked up on intercepts of other people

NBC News: Hillary Clinton ‘Covered Up’ Pizzagate At State Department (VIDEO)

from The Sleuth Journal:
The DC pedophile ring has been around far longer than most people can imagine, and while today it has somehow been given the status of ‘fake news’ and relegated to the crazy conspiracy theory level, there was a time when even the mainstream media was reporting on it.
In this case, NBC News at one point had reported that a top State Department official had instructed investigators to cease investigation into sexual misconduct by State Department personnel and at least one ambassador. And who was in charge of the State Department at that time? None other than Secretary of State Hillary Clinton.
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Trump Admin Cracks Down On Visas For Coders

As Nasdaq reaches ever record-er, record highs, it seems the ability to create a "Hello World" app is no longer enough to warrant an H1-B visa according to new guidelines from the Trump administration.




Why Are Stocks Unhappy: RBC Looks Below The Surface Of Today's Selling

US stocks today are all about watching for sub-index level signs of ‘April Effect’ commencement (as per Friday afternoon’s “Big Picture” note).  There will be certain buy-side ‘performance pain’ IF the market was to see a perpetuation of the ‘recent’ April ‘momentum-unwind’ phenomenon.








The Auto Industry Is About To Drive Off A Cliff, Again

We knew cheap money would be too much for auto executives to refuse and oversupply was a sure bet! So will be the industry's return to the Washington "substance abuse center".  Expect the industry to be back at the government feeding trough asking for help.







Rand Tumbles After S&P Downgrades South Africa To Junk: Full Text

While CDS markets had largely priced in a downgrade (with levels approaching those of Brazl), FX markets seemed surprised when moments ago S&P downgraded South Africa to junk, cutting it from BBB- to BB+, in the aftermath of last week's sacking of finance minister Gordhan by president Zuma.


Musktopia Here We Come!

It ought to be sign of just how delusional the nation is these days that Elon Musk of Tesla and Space X is taken seriously.


Gorsuch "Nuclear Option" Could "Fundamentally Transform" The Senate Forever

"If we continue on the path we’re on right now, the very next time there’s a legislative proposal that one side of the aisle feels is so important they cannot let their base down, the pressure builds, then we’re going to vote the nuclear option on the legislative piece.  That’s what will happen. Somebody will do it."



As Quota Compliance Tumbles, Is The End Of OPEC Near?

Among the 10 members bound by production caps, compliance weakened to 89 percent of pledged reductions from 104 percent, raising the question: Is OPEC, which has far exceeded the average life of cartels, on the brink of failure...



Tesla Shares Hit Record High









Tesla shares just hit a new all time high above $292, surging over % on the day, following Sunday's report that first-quarter vehicle deliveries jumped 69% from a year ago to a quarterly record of 25,000 vehicles, and bouncing back from delays in the previous quarter.


MUST READ: Econ 101– Silver Market Manipulation

I hope this helps you to understand the forces that are aligned against you as a silver investor. However, do not despair. No fraud can last indefinitely and no institution built upon a foundation of lies and deceit can stand the test of time.
by Turd Ferguson, TF Metals Report:
Some say that everything you need to know you learned in kindergarten. I suppose that’s true to some extent. However, to fully understand the forces at play in Comex Digital Metal, it might be good to review some of the basic economics that are often taught in introductory Econ classes at your local college or university.
Let’s start with a chart. It doesn’t really matter which one and, in fact, I just chose this one at random. Below is a one-week chart of the stock of Coca-Cola. Note that KO had some ups and downs last week but was mostly sideways in a price range.
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filed under Ignorant Sheeplez...

Horrifying New Study Shows People Willing to Hurt Complete Strangers Just to Obey Authority

by Justin Gardner, The Free Thought Project:
For the state to make war, it must convince the populace that killing other people is just and necessary. Many different rationalizations have cropped up over the millennia – from controlling resources to exterminating races to “fighting terrorism” – but murdering strangers requires a particular obedience to authority.
Fifty years ago, psychologist Stanley Milgram conducted the Milgram experiment, which measured the willingness of study participants to hurt others, even when it conflicts with their personal conscience, in the interest of obeying authority. The results, published in 1963, showed that a very high percentage of participants were willing to follow orders and cause serious injury to others.
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McDonald’s New ‘Fresh Beef’ Burger Accidentally Reveals Another Problem

by Carey Wedler, The Anti Media:
Amid continuous bouts of bad press and slumping sales, fast food giant McDonald’s has put significant resources into revamping its brand. It has experimented with all-day breakfast, salad options, and various new additions to its menus all around the world, including chocolate drizzled fries. In its latest attempt to counteract bad publicity, McDonald’s announced this week that starting next year, its popular Quarter Pounder burger will be made with fresh beef.
This might leave some wondering what kind of beef they were using before. The restaurant chain was, like many major fast food companies, using frozen patties. According to a company press release, however, McDonald’s will now “serve fresh beef, prepared when ordered, in all Quarter Pounder burgers across the majority of its restaurants.” Hawaii and Alaska will not be included in the new program “because of the distance and the logistics involved in shipping there,” according to McDonald’s spokesperson Becca Hary.
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Matt Drudge: “There Is A Crisis On Many Fronts… I Suspect There Is Sabotage”

by Mac Slavo, SHTF Plan:
Top news reporter Matt Drudge crashed the Michael Savage show this weekend to discuss the state of affairs in Washington D.C.
Drudge recently Tweeted his discontent with the Republican Party, going so far as to say that “Republicans lied about tax cuts” and that he wants his “vote back.”
On the Michael Savage show, Drudge doubled down on his frustrations:
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The First-Ever ‘Codeword’ Leak

by Porter Stansberry, Casey Research:
Today, we need to share an urgent message with you from our longtime friend, Stansberry Research founder Porter Stansberry. If you’ve never heard of Porter, he’s known for doing some of the most significant work in the financial newsletter business.
What you’re about to read is deeply troubling—and there’s a good chance you won’t believe it. (Even Porter admits he thought it was another conspiracy theory at first.) But the fact is, right now, a secret civil war is being waged in Washington D.C.
Porter just received the terrifying details from one of his confidential sources—the “Metropolitan Man.” This man is one of the most powerful and connected men in the world… He pulls all the levers of power in Washington—completely behind closed doors. Here’s what you need to know…
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It’s Official, Pentagon Will Now Keep Troop Count In Iraq And Syria Secret

by Annabelle Bamforth, Activist Post:
The U.S. Central Command recently announced that troop numbers in Iraq and Syria will no longer be reported to the public. In its announcement, CENTCOM spokesman Army Col. John Thomas declared that “capabilities, not numbers,” should be the area of focus, and the public will be given general estimates of troop sizes in the future.
Jason Ditz of antiwar.com points out that the Obama administration was already less than forthcoming about the number of soldiers sent to these areas by utilizing a variety of tactics, including “deliberately omitting large numbers of troops from the official count by labeling them ‘temporary.’”
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What Is America Going To Look Like When Stocks, Home Prices And Even Used Cars All Crash By At Least 50 Percent?

by Michael Snyder, The Economic Collapse Blog:
Have you ever thought about what comes after the bubble? In 2008 we got a short preview of what life will be like, but most Americans seem to have come to the conclusion that the last financial crisis was just a minor bump in the road toward endless economic prosperity. But of course the truth is that the ridiculously high debt-fueled standard of living that we are enjoying now is not sustainable, and after this bubble bursts it will be an extremely painful adjustment for our society.
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