Wednesday, September 28, 2016

Madness Swirls At House Judiciary Committee As Comey Attempts To Justify Hillary Innocence...



“You can call us wrong, but don’t call us weasels. We are not weasels...”

Hillary Campaign In "Full Panic Mode" Over Black Voter Turnout In Florida

"Hillary Clinton's campaign is in panic mode. Full panic mode.  They have a big problem because they thought Obama and Michelle saying, 'Hey, go vote for Hillary' would do it.  But it's not enough."

"When Hillary Gets Scared, She Plays The Russia Card"

That Hillary in power will try (and possibly) succeed in going to war once again, this time targeting Russia or its allies (the Syrian state, the Ukrainian Russian separatists), is frightening.  The electorate is malleable, its collective memory short. What should be universally acknowledged truths (the Iraq War was based on lies) are in fact not grasped adequately by the masses. If they were, how could anybody vote for hideous Hillary?


White House Enraged At "Most Embarrassing Vote Ever" Senate Veto Override


It appears for once, the word (of some politicians) is mightier than the pen (of Obama). The White House has lashed out at The Senate's veto override, which Josh Earnest described as "the single most embarrassing thing that the United States Senate has done." As The Hill reports, in the most overwhelming vote (97-1) since 1983, President Obama's lame-duckedness was exposed and that enraged Obama (and his Saudi friends' money).

Obama Humiliated: For The First Time, Congress Votes To Override President's "Sept 11" Bill Veto


First the Senate, and shortly after the US House of representatives voted overwhelmingly to override President Obama’s veto of a bill letting the victims of the 9/11 attacks sue Saudi Arabia, striking a blow to the president on foreign policy weeks before he leaves office. The vote marks the first time Congress voted to overrule Obama’s veto pen.

US: The Mega-Bubble That’s Going to Go Bust

by Martin Berger, New Eastern Outlook:
It’s noteworthy that the United States state-controled media, especially such newspapers like the New York Times and Washington Post, along with the channels like CNBC and Bloomberg, have been hard at work in a bid to persuade the general public that American banks and corporations are standing firmly on their both feet. We are being told told that the eight years of Obama’s economic genius have created a near-record low unemployment, while the US economy is healthy and still remains the leader of G7 in terms of economic growth.
However, there’s a good reason why the US often being reffered to as the “Empire of Lies“, since the actual economic situation in America is pretty frightening, and it keeps detoriating on the back of the unprecedented level of US corporate debt. Still, Washington hides any signs of the inescapable financial crisis, that will soon become international after hitting the Wall Street initially.
http://journal-neo.org/2016/09/27/us-the-mega-bubble-thats-going-to-go-bust/
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How Much Money Have Humans Created - A Visual History


The dollar amounts are so staggering, that simply telling you how much money humans have created probably wouldn’t convey the magnitude. However, by using data visualization in this video, we can relate numbers in the millions, billions, and trillions to create the context to make it more understandable...


Your Future...


"It’s A Lot More Negative Than People Think" - China Beige Book Issues Stark Warning About The Economy


“I’d find it earth-shatteringly surprising if we don’t have a significant problem between now and China’s leadership change” in the fall of 2017 when the 19th Party Congress convenes, said Leland Miller, China Beige Book’s president. “This is not a stable economy. It’s one that twists and turns and happens to end up at the same spot. There are real problems below the surface.”

Libertarian Gary Johnson Has Another "Aleppo Moment"


If the rest of the world was already laughing violently, watching the spectacle that is America's presidential election, we wonder how it would react if it knew that there is actually a third candidate for the US presidency, one who can't name a single foreign world leader.

No Need For Yield Curve Inversion (There Is Already Much Worse Indicated)


The bond market selloff of the past month or so, which has apparently fizzled just as Alan Greenspan was assuring the world it was only getting started (once more preserving for posterity how little he knows about bonds, interest rates, and money, as if knowing anything about any of those would be useful to a central banker). There is no bond market riddle. As each curve gets squashed by righteous pessimism, they together indicate nothing good about the near-term future.

China's Richest Man Says Mainland Real Estate Is The "Biggest Bubble In History"


The richest man in China, Wang Jianlin, made his ~$30 billion fortune developing huge malls and office complexes across China and he now shares his thoughts on why Chinese real estate is the "biggest bubble in history."

Why Garbagemen Should Earn More Than Bankers


Of course our world is in shambles. The best salaries are paid to the people whose professions add the least value to society...

Peak Debt Complacency: Carmen "Different This Time" Reinhart Urges Debt Restructuring


[The establishment] needs no reminder of the historical record, but it bears noting that more than a dozen advanced economies received debt relief in one form or another during the depression of the 1930s. The approach to unwinding current debts is likely to vary considerably across countries, but it is time to place greater emphasis on debt restructuring (which comes with a menu of options) than on accumulating more debt.

Caught On Tape: Chaos Erupts As Trump-Haters Crash UMich Conservatives' Debate


A debate-watching party at the University of Michigan turned violent on Monday as five anti-Trump protesters invaded the campus auditorium shouting “Donald Trump is racist!

The Bickering Begins: Iraq Disagrees With OPEC's Method Of Oil Production Estimates


The ink on the OPEC "deal" is not dry yet, and in fact it won't be until November when the actual deal which breaks down the oil production quota for every OPEC member is ratified - if that ever happens - and already the bickering has begun

Who Really Lost This Week's Presidential Debate? America Did!


Trump’s supporters and conservative media say he won. Hillary’s supporters and the liberal media say she won. But who lost the presidential debate last night? Well, America did.

John Kerry Gives Russia An Ultimatum: Stop Bombing Aleppo Or All Cooperation Ends


John Kerry threatened to cut off all contacts with Moscow over Syria, unless Russian and Syrian government attacks on Aleppo end. Kerry issued the ultimatum in a Wednesday telephone call to Russian Foreign Minister Sergey Lavrov. Kerry told Lavrov the U.S. was preparing to "suspend U.S.-Russia bilateral engagement on Syria," including on a proposed counterterrorism partnership, "unless Russia takes immediate steps to end the assault on Aleppo"

How Republicans Rob People Of Their Right To Vote


Deplorable!!

OPEC Agrees On First Oil Production Cut Since 2008, But Biggest Question Remains Unanswered

While OPEC may have agreed on the need to cut production, the biggest question remains unanswered: how much each country will produce is to be decided at the next formal meeting of OPEC in November.

"More Politics Than Anything Else" - Wall Street Reacts To The OPEC Oil Production Cut Deal


While OPEC reached an "understanding on a production cut", if not exactly a production cut deal just yet - since every OPEC member's production has yet to be determined, the sellside has responded. The following is a collection of analysts’ reactions following the OPEC announcement.

Why Even Racists Need The Freedom To Speak


"This may be difficult to accept, but in order to heal race relations, or at the very least get a proper understanding of why they’re so fractured, racist ideas need to be a part of the discussion. Banning accounts and passing suppressive laws against problematic speech won’t help us...It only shields us from uncomfortable truths that we may need to realize about ourselves and our fellow human beings."

The Story Of 2 Stories: Old Tricks Are A Powerful Indicator Of How The Information War Works

by Bernie Suarez, The Sleuth Journal:
Let’s take a look at two distinct stories going on in the news. Oh, sorry actually one story is being presented by the corporate controlled media and the other isn’t at all and that’s why I’m calling it the story of two stories. These two stories could not be handled any more differently by the media and these stories thus quietly offer a window into the backstage of the ruling elite’s plan for information control and mind manipulation of the masses. Understanding the contrast between these two stories, what they mean and how these stories are being covered allows us to unravel the sorcery and deception behind the vehicle delivering this trickery which today we call mainstream media.
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Trump, Trade and Taxes

by Charles Hugh Smith, Of Two Minds:
The best way to restart investment (and thus employment opportunities) is to make the U.S. a magnet for productive capital rather than a graveyard of tax-avoidance strategies.
Donald Trump has made trade agreements a central issue in this presidential election, declaring trade treaties such as the North American Free Trade Agreement (NAFTA) as unfair and subject to cancellation or renegotiation.
Setting aside the issue of whether presidents can cancel trade treaties via executive orders, let’s look at the underlying issue: the erosion of manufacturing and entry-level job opportunities that lead to middle-class security and pay.
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INCREDIBLE: FBI Interview with Hillary Clinton About Vince Foster’s Death Vanish from National Archives

by Tim Brown, Freedom OutPost:
FBI files linking Hillary Clinton to the ‘suicide’ of White House counsel Vince Foster have vanished from the National Archives.
The Daily Mail exclusively reported that documents stored at the National Archives in College Park, Maryland, about Hillary Clinton’s involvement in the death of former White House counsel Vince Foster– have vanished.
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You Better Get Used to Negative Interest Rates

by Justin Spittler, Casey Research:
Negative interest rates are here to stay.
As you probably know, negative rates are the latest and most radical government “stimulus” measure.
They basically turn your bank account upside down. Instead of earning interest on your money in the bank, you pay the bank to look after your money.
Central banks in Europe and Japan introduced negative rates to stimulate their economies. The idea is that people will borrow and spend more money if they have to pay a “tax” to save money.
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Orwell’s “2016:” The System Is Completely Rigged

by Dave Kranzler, Investment Research Dynamics:
It is what it is – and what “IT” is, is that we’re living in the vision of the future laid out by George Orwell 70 years ago. The markets are rigged, elections are rigged; Congress is completely owned by wealthy corporations and individuals; the power of the Oval Office is owned by wealthiest and most ruthless corporations and individuals: Wall Street Big Banks, Big Oil, Big Defense, Big Pharma and Big Tobacco.
Most Hillary Clinton supporters know she defines the word “criminality,” but will vote for her as a vote against Trump. Think about how absurd that it is. The system is so completely rigged that even individual thought-process has been hijacked.
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Obama Humiliated: Senate Overrides President's Veto Of "Sept 11" Bill In Crushing 97-1 Vote...






Moments ago, the Senate voted overwhelmingly to override President Obama’s veto of a bill letting the victims of the 9/11 attacks sue Saudi Arabia, striking a blow to the president on foreign policy weeks before he leaves office. The vote marks the first time the Senate has mustered enough votes to overrule Obama’s veto pen.
 

White House Enraged At "Most Embarrassing Vote Ever" Senate Veto Override

It appears for once, the word (of some politicians) is mightier than the pen (of Obama). The White House has lashed out at The Senate's veto override, which Josh Earnest described as "the single most embarrassing thing that the United States Senate has done." As The Hill reports, in the most overwhelming vote (97-1) since 1983, President Obama's lame-duckedness was exposed and that enraged Obama (and his Saudi friends' money).

Deutsche Denial Tsunami Begins: Draghi "Not ECB Fault", IMF "Solid Base"

It is becoming very clear that the Deutsche Bank debacle is getting very serious. How do we know? Simple - everyone is denying everything. Overnight DB CEO Cryan denied any need to raise capital or need a bailout; this morning ECB's Draghi denied low rates were responsible, and denied The IMF's statement the bank is systemically important; and now IMF's Lagarde is denying any need for government intervention.
 

The Banquet Of Consequences Is Being Served (By The Central Banking Cartel)

Last week, the Federal Reserve decided to keep US interest rates unchanged, marking its 96th month of life at the zero bound. Apparently, for all of its "data dependence", the Fed feels the economy could still benefit from *just* a little more of its ZIRP happy juice. But as anyone with a little common sense will tell you, More is not always better. It's quite possible to have too much of a good thing. And in its pursuit to kick the can for a little longer, the Fed has crossed a dangerous line.


U.S. Corporations Side With Saudi Arabia Against the American People Over 9/11 Victims Bill

by Michael Krieger, Liberty Blitzkrieg:
Shortly after the release of the infamous 28-pages earlier today, the White House issued a statement dismissing allegations of Saudi involvement in the attacks of 9/11. I believe such assurances are intended to prevent people from reading it in the first place, because if you actually read them, your mouth will be wide open the entire time in disbelief.
There are only two conclusions any thinking person can come to after reading the 28-pages.
1. Elements within the Saudi government ran the operations behind the 9/11 attack.
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Only Days Until World Money Changes Forever

by Jim Rickards, DailyReckoning:
The International Monetary Fund (IMF) has established a plan for its special drawing rights (SDR) valuation basket to be revised at midnight on September 30. This IMF plan has laid the foundations for a new monetary standard based on world money.
While these SDR plans might seem complex, they’re actually not complicated. People will make it complicated or make it sound confusing but the Federal Reserve has a printing press, they can print dollars. The IMF also has a printing press and can print SDRs. It’s just world money that could be handed out and could be used to cause inflation.
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The Free Market Always Prevails

by Michael Pento, Market Oracle:
The global securities market got a surprise recently when U.S. core consumer price inflation crept up to 2.3% year over year in the month of August. This closely followed core measure, which strips out the more volatile food and energy costs, increased 0.3%; this was the biggest rise in core CPI since February.
According to the government, while the costs associated with food and energy decreased, price increases came primarily from medical care commodities and medical care services. According to the Bureau of Labor Statistics (BLS), the prices for medicine, doctor appointments, and health insurance rose the most since 1984.
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FORMER HILLARY CLINTON IT STAFFER HELD IN CONTEMPT OF CONGRESS

by James Holbrooks, Underground Reporter:
Washington, D.C. — On Thursday, the House Oversight and Government Reform Committee voted to hold a former IT staffer for Hillary Clinton in contempt of Congress for failing to appear.
Reports ABC News Radio:
“For the second time in two weeks, Bryan Pagliano, former senior advisor for information resource management at the State Department, failed to show up to a hearing to testify on the preservation of State Department records.
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MICHAEL MOORE SAYS TRUMP ‘WON’ THE DEBATE

from InfoWars:
Michael Moore appeared frustrated on Twitter following the presidential debate, saying Trump “won,” and “we all lost.”
The 62-year-old film maker warned “pro-Hillary gloaters” against celebrating over how Hillary Clinton did in the debate against the Republican presidential nominee and insisted nothing she did changed things.
“Pro-Hillary gloaters doing end-zone dance again when still on 50-yd line,” Moore tweeted. “You must get it in your head Trump is gonna win and act accordingly!”
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Julian Robertson: "Janet Yellen Has Created A Serious Bubble And Pain Is Coming"






"Janet Yellen is just unwilling to see the American public take any pain at all and because of that I think she’s creating a serious bubble where serious pain is coming."

Treasury Sells 7Y Paper In Another Mediocre, Tailing Auction; Bond Market Yawns






When the results for the sale of $28bn in 7 paper printed, the result was a modest tail, with a high yield of 1.389% tailing the 1.385% When Issued. As a reminder, last month's 7Y auction had an even bigger tail but that was due to concerns of a potential rate hike by the Fed in September; this time there was no such concern.

"Russian Roulette" - Credit Suisse CEO Admits "EU Banks Not Really Investable"






European banks are in a “very fragile situation” and are “not really investable as a sector" according to Credit Suisse chief executive Tidjane Thiam. Speaking at a conference in London this morning, The FT reports, the CEO of Europe's 'other Deutsche Bank' said "only a fool would try to make a five-year prediction in a world that is so random," wishing John Cryan (DB CEO) well, "I hope that they come out of their current predicament."

Citi Has One Unpleasant Chart For Anyone Thinking Of Buying Twitter






Here is Citi's most stark condemnation of not only why a Twitter purchase does not make sense but why most major media M&A in the internet space always fails.

All This Market Calm Feels Like Mayhem






"The market’s in a dangerous bubble, now let’s talk about the following stocks you just have to chase because they’re cheap."

Turkey Contemplates Buying Deutsche Bank






Yigit Bulut, chief adviser to Turkish President Recep Erdogan, Turkey should consider "using a new wealth fund or a group of state-owned banks to buy" the embattled Deutsche Bank. Bulut made the proposal on Tuesday via his Twitter account, saying Germany’s largest lender should be made into a Turkish bank.

Bridgewater Calculates How Much Time Central Banks Have Left






Ray Dalio's Bridgewater has provided the answer to how much time is left until both the ECB and BOJ hit the limits on their existing programs.

Can Donald Trump Really Save U.S. Coal?






On September 22, Donald Trump reaffirmed his intent to revive the American coal industry - without many details on how to do it. What influences the price and demand for coal? Can Donald Trump influence the forces behind these market drivers?

Saudi Devaluation Bets Surge, Stocks Crash As Debt Deal Falters On 9/11 Legislation Anxiety






Despite its peg, Spot Riyal is trading at its weakest in 8 months as turmoil mounts in The Kingdom as a failed 'deal' in Algiers, pay cuts for royalty, and now growing concerns that the US vote/veto on 9/11 Legislation will delay Saudi Arabia's first international bond sale. Forward bets on Saudi currency devaluation are surging and default risk is on the rise again as Bloomberg reports, a Senate vote to override President Barack Obama’s veto could cause some investors to balk at the issue.

Oil Oscillates As Production Drops; RBOB Plunges After Biggest Gasoline Build In 4 Months






Following the surprising across-the-board inventory draws report by API overnight, DOE confirmed crude's overall draw (-1.88mm bartrels vs +3mm exp). However, gasoline saw the biggest build in 4 months (as distillates saw the biggest draw in almost 2 months). Crude production dropped very modestly on the week but remains stuck around 8.5mm barrels. Oil prices popped then dropped and remain lower for now...

Live Feed: FBI Director Comey Takes Stand Again To Answer For "Handing Out Immunity Agreements Like Candy"






As the credibility of the FBI continues to dwindle away over it's handling of the Hillary email investigation, FBI Director James Comey is back on the Hill today to explain why he was "handing out immunity agreements like candy."

Are "Invisible Americans" The Key Players In This Election?






Memo to the D.C. Beltway/mainstream media apologists and propagandists: the 25 million Invisible Americans are no longer buying your shuck-and-jive con job.

"There's A Real Problem Here" - Did Fed's Plosser Just Admit Trump Is Right About Yellen?






Central bankers "wring their hands all the time," Plosser noted that The Fed was very "concerned about credibility," and was "pretty good at conjuring up reasons not to act." His mutinous discussion then concluded, sounding very Trumpian, by noting that The Fed "shouldn't be afraid a recession might come," exclaiming "there's a real problem here" with The Fed.

California Police Shoot Unarmed Black Man Behaving "Erratically" In Southern California






Crowds gathered after an unarmed black man who was "behaving erratically" died after being shot by a police officer in El Cajon in southern California on Tuesday, the local police department said, appealing for calm.

Forget Agenda 21: UN’s 2030 Agenda Will “Transform The World”

by Daisy Luther, Activist Post:
If you think Agenda 21 was bad, you ain’t seen nothing yet. Wait until you learn what the creepily utopian 2030 Agenda has in store for us all.
Once again Germany has stepped forward with their ideas of how to speed up the arrival of a one-world government.
While all eyes were on Obama and his creepily NWO speech, the German Foreign Minister Frank-Walter Steinmeier gave an address which went largely un-noticed. It was a lengthy speech – you can read his entire address here – but these are some takeaway points:
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Joe Biden is Washington Troublemaker-in-Chief

by F. William Engdahl, New Eastern Outlook:
Barack Obama may be the nominal Commander-in-chief of the United States’ Armed Forces. However, it’s becoming clear that Vice President Joe Biden is far more than your ordinary passive Vice President. Indeed, a close look at his agenda internationally in recent months gives the clear impression that ‘ol Smilin’ Joe is in fact Washington Troublemaker-in-Chief.
I’ve mentioned in an earlier piece, in passing, that Biden seems to play a role similar to that of Vice President Dick Cheney in the George W. Bush White House–running the show in key global policy decisions under a passive and largely clueless President. Or the role that G.H.W. Bush, former CIA Director played during the eight years of the Reagan Presidency. The latest example is Biden’s nasty meddling into the highly-sensitive geopolitics of the South China Sea and East China Sea disputes with China.
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FASCIST TRUMP VERSUS COMMUNIST KILLARY BATTLE ON A SINKING SHIP

by Jeff Berwick, The Dollar Vigilante:
We watched (and live tweeted @dollarvigilante) the US Presidential debates last night… mostly because we were hoping Hillary would drop dead on live TV.
Unfortunately, that didn’t happen.
What did happen was that the two choices for the lesser evil this year, came down to: slightly more fascist (Trump) versus slightly more communist (Clinton).
But, the key takeaway is that neither candidate wants to change the system in any dramatic way.
While they spoke about “creating jobs,” no one pointed out that the government actually can’t create jobs… it can only steal from some people and give to others (although Trump wins here with his idea of lowering corporate taxes).
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The New Banking Crisis — In Two Frightening Graphs

by Pam Martens and Russ Martens, Wall St On Parade:
After repeated, but ignored, warnings over the past two years from researchers at the U.S. Treasury’s Office of Financial Research (OFR), the new banking crisis has arrived with a vengeance and at a most inopportune time – when confidence is already draining from the financial system because of two U.S. presidential candidates with the highest disapproval ratings in modern history.
Yesterday, Germany’s largest financial institution, Deutsche Bank, lost 7.06 percent by the close of trading on the New York Stock Exchange. That plunge in one of the most globally-interconnected banks dragged down the shares of every major Wall Street bank yesterday: Bank of America lost 2.77 percent; Morgan Stanley declined by 2.76 percent; Citigroup lost 2.67 percent; Goldman Sachs shed 2.21 percent; and JPMorgan Chase closed down 2.19 percent. Deutsche Bank, whose shares traded at more than $120 pre-crisis in 2007, closed at $11.85 yesterday in New York and was down another 3 percent in overnight trading in Europe.
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