Friday, July 22, 2016

DSK'd? IMF's Lagarde Loses Fight To Avoid French Trial Over Corruption Case

In December we warned of her career's "terminal decline," and it appears, just as with Dominic Strauss-Kahn, someone is upset at the IMF Director (perhaps she has just been too darn negative, or pushy towards policy-makers?). In a surprising twist for 'the establishment' Bloomberg reports that Christine Lagarde may face consequences for her actions (or lack of them). France’s Supreme Court rules that The IMF director will have to stand trial for alleged “negligence” in accepting an arbitration panel decision in favor of a French businessman.

Trump Accused Of "Apocalyptic" Fearmongering In Speech Promising "Security And Prosperity"

In one of the most dramatic, polarizing, (and longest ever) convention speeches, Donald Trump claimed the Republican presidential nomination with a highly charged text in which he promised to be “the voice” of disenfranchised Americans and the guardian of “law and order." And while most republicans loved it, the speech was roundly panned by democrats everywhere as ominous "doom and gloom" fearmongering, one which painted a picture of an America on the verge of an apocalyptic ending.

Trumped - A Nation On The Brink Of Ruin... And How To Bring It Back

"... the real disease is bad money and towering debts. The actual culprits are the Wall Street/Washington policy elites who have embraced statist solutions which aggrandize their own power and wealth. That much, at least, Donald Trump has right."

Donald Trump’s Convention Speech Highlighted The Truth About America’s Decline

by Michael Snyder, The Economic Collapse Blog:
America is in decline. There are some that still attempt to deny this, but the reason why Donald Trump’s campaign slogan has so strongly resonated with the American people is because deep inside most of us realize that America is not as great as it used to be. Our economy is a mess, we are 19 trillion dollars in debt, our infrastructure is crumbling, crime is on the rise, moral decay is all around us, other countries don’t respect us as much anymore, and our nation is the most divided that it has been in decades. Anyone that believes that America is better than it has ever been in 2016 is either completely delusional or simply has not been paying attention.
As I write this article, the prepared text of Trump’s speech has already been released to the press. So the following remarks may differ slightly from how he actually delivered them, but the differences are not likely to be too great. At one point during his speech, Trump highlighted the rising crime and violence in our cities, and the numbers that he had to share were more than just a little bit alarming…
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Verizon Set To Buy Yahoo For $5 Billion

It appears that after years of attempts to quietly, then not so quietly sell itself, the increasingly troubled former internet portal giant may have finally found the "greatest fool" thanks to Verizon. According to Bloomberg, Verizon is the lead bidder for Yahoo with a total consideration of about $5 billion, and an announcement may come in the next few days.

The Real Numbers Behind GE's "Beat": Organic Orders -16%; Power -27%; Equipment Orders -30%; Aviation -37%

How did a company which saw an unprecedented 16% plunge in organic orders not only report a 65% surge in earnings, but smashed Wall Street expectations? Read on for the 1 minute explanation.

If We Can't Be Honest, No Solution Is Possible

Dishonesty wasn't really a solution, it was simply easier.

Pound Plummets On Renewed Recession Fears As PMI Shows Fastest Contraction Since 2009

Sterling plummeted nearly 200 pips this morning, after rising in early trade to just shy of 1.33, when the latest July Markit flash PMI surveys suggested the UK is heading for a quick recession in the form of a 0.4% GDP contraction in the third quarter. As Markit reported, "July saw a dramatic deterioration in the economy, with business activity slumping at the fastest rate since the height of the global financial crisis in early-2009."

US Futures Rebound Despite Global Stock Weakness As USDJPY Ramps HIgher

After breaking a multi-year stretch of 9 daily record highs in the Dow Jones, overnight global markets saw some early weakness with Asian stocks retreating after BOJ chief Kuroda dashed hopes for so-called helicopter money, triggering yen’s steepest rally in a month and pulling the Nikkei lower by 1.1%. This however did not last long, and around the European open the traditional ramp in the USDJPY helped European equities shrug off early downside, while US equity futures have already recovered half of yesterday's losses.

Hillary Clinton's Top VP Pick Lets Big Banks Know He's In Their Corner

Sounding another alarm for progressives wary of the Democratic establishment's support for Wall Street, the man said to be leading the pack of potential Hillary Clinton running mates - Virginia Sen. Tim Kaine - has just this week sent a clear message to big banks: He's in their corner.

Nigel Farage Announces European Referendum Tour

Proclaiming his support for new British PM Theresa May, former UKIP head Nigel Farage explained "she has said ‘Brexit means Brexit’ and I believe her," before announcing plans for his European Referendum Tour during a much at the Republican national convention yesterday. Farage told Politico that he would start a tour of European cities in September to help spread the appetite for referendums on EU membership beyond the UK.

The New Middle East: Exit America Enter Russia

Is the genie finally out of the bottle? A myriad of seemingly unrelated events and loose ends are converging in a manner that points in the direction of a huge win for Russian diplomacy in the Middle East, and we only need to connect the dots to see this scenario unfolding. What dots, one might ask?

Are Leftists Planning A Coup On 'President' Trump? "Voters Must Stop Him Before Military Has To"

How far will they go to destroy this country? Liberals and globalists are already plotting several moves ahead. If Donald Trump beats Hillary, they are already contemplating a Plan B.

Obama's America?

Presented with no comment...

Is the Saudi 9/11 Story Part Of The Deception? — Paul Craig Roberts

by Paul Craig Roberts, Paul Craig Roberts:
ames Jesus Angleton, head of CIA counterintelligence for three decades, long ago explained to me that intelligence services create stories inside stories, each with its carefully constructed trail of evidence, in order to create false trails as diversions. Such painstaking work can serve a variety of purposes. It can be used to embarrass or discredit an innocent person or organization that has an unhelpful position on an important issue and is in the way of an agenda. It can be used as a red herring to draw attention away from a failing explanation of an event by producing an alternative false explanation. I forget what Angleton called them, but the strategy is to have within a false story other stories that are there but withheld because of “national security” or “politically sensitive issues” or some such. Then if the official story gets into trouble, the backup story can be released in order to deflect attention into a new false story or to support the original story. Angleton said that intelligence services protect their necessary misdeeds by burying the misdeed in competing explanations.
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How the Oil Bust is Crushing a Downtown of Office Towers

by Wolf Richter, Wolf Street:

Amid record vacancies, Class A rental rates plunge 56%.
Commercial real estate, particularly office space, in Calgary, Alberta, the epicenter of the Canadian oil bust with 1.2 million people, is collapsing at a breath-taking rate. As companies in the oil & gas sector have downsized or gone out of business, 25,000 people who used to work downtown have lost their jobs.
Office vacancy rates have soared to 22%, the highest on record, according to the second quarter report by commercial real estate services firm CBRE.
Vacancy for Class AA office space reached 17.6%, and for Class A space 18.9%. Older buildings are getting clocked: Vacancy rates for Class B buildings soared to 32% and for Class C buildings to 28%.
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Greg Hunter-Weekly News Wrap-Up 7.22.16; Trump, MSM, Economy and Company That Wants Gold/Silver for Payment

from Greg Hunter:

MSFT: “I’m Rarely Left With Nothing To Say”

by Dave Kranzler, Investment Research Dynamics:
The stock market – specifically the S&P 500 and the Dow have become important propaganda tools of Fed/US Government. After all, a rising stock market means that investors are “discounting” future economic and earnings growth, right? As long as the stock market keeps hitting new records, any negative economic reports have to be invalid.
Of course, like everything else that hits the mainstream headlines these days, 90% of the time the opposite is the truth. We can call this “Bernays’ Theorem.” If you don’t know who Edward Bernays is, please use Google to look him up.
Corporate earnings have become mindblowingly fraudulent, which means that a fraudulent stock market is “discounting” fraudulent corporate earnings reports.
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America’s Horrible Pension Underfunding Debacle

from Boom Bust:

Retirement Dreams and Nightmares!

by Gary Christenson, Deviant Investor:

You want to retire? The retirement dreams of most Americans, Japanese, and Europeans are threatened.


There are many reasons.
  • We can’t quit working – we need health insurance, even when the rates increase by double digits each year. Grim!
  • We can’t afford to retire – we have too much debt. We have lived beyond our means, just like our governments, for decades, by borrowing from the future – that is, going into debt to pay today’s expenses with tomorrow’s income. Read More

Cenk Uygur Has MELTDOWN, Confronts Alex Jones & Roger Stone

Young Turks host loses his temper during fracas at the RNC
by Paul Joseph Watson, Infowars:
Infowars latest videos were removed from YouTube shortly after the Young Turks encounter. Once Infowars brought attention to the issue, the videos were reinstated without explanation.
Young Turks host Cenk Uygur had a complete meltdown at the RNC tonight, losing his temper before physically confronting Alex Jones.
The incident began when Jones crashed a live Young Turks broadcast and handed Uygur a t-shirt with Bill Clinton’s face on it saying “RAPE”.
Uygur then grabbed Jones’ microphone before yelling about how Donald Trump was accused in court of being a rapist.
Read More…

If You Can’t Touch it, You Don’t Own it

by Jeff Thomas, Gold Seek:

The pending Brexit has, not surprisingly, caused a shakeup in the investment world, particularly in the UK. Of particular note is that, recently, asset management firms in Britain began refusing their clients the right to cash out of their mutual funds. Of the £35 billion invested in such funds, just under £20 billion has been affected.
For those readers who live in the UK, or are invested in UK mutual funds, this is reason to tremble at the knees.
So, why have these investors been refused the right to exit the funds? Well, it’s pretty simple. The trouble is that quite a few of them made the request at about the same time.
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Silver on Thursday at the comex recorded an all time record for open interest and yet the price is 29 dollars cheaper. It defies commodity law!
from Harvey Organ:
For the July gold contract month, we had a huge 739 notices served upon for 73,900 ounces. The total number of notices filed so far for delivery: 6068 for 606,800 oz or 18.874 tonnes
In silver we had 28 notices served upon for 140,000 oz. The total number of notices filed so far this month for delivery: 2134 for 10,670,000 oz
Read More @

Obama: ‘The World Has Never Been Less Violent’

from CNSnews:
President Barack Obama said at the White House Summit on Global Development yesterday that “we are living in the most peaceful” era in human history and that “the world has never been less violent.”
According to the White House schedule, the president used the summit to “bring together development leaders, public and private sector financing partners, civil society, diplomats, and entrepreneurs to mark our global progress and catalyze further development efforts.”
“So it is worth reminding ourselves of how lucky we are to be living in the most peaceful, most prosperous, most progressive era in human history,” Obama said in the speech.
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Dozens of Teenage Girls from Japan Injured by HPV Vaccine — Sue Government, Drug Makers

by Wes Maxwell, Natural News:
News broke earlier this week that at least 64 women experiencing adverse health effects from cervical cancer vaccines, are filing damages lawsuits against the Japanese government and the drug makers who produced the vaccines in the first place.
Filing in four different district courts, the Tokyo District Court, the Nagoya District Court, the Osaka District Court and the Fukuoka District Court, each victim is demanding 15 million yen.
The average age of the women involved is 18 years old, with each receiving the vaccination between the ages of 11 and 16.
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