Monday, July 18, 2016

Erdogan Purges 18,000 As Europe Voices Concern Coup Was Staged With "Prepared Arrest Lists"

Overnight Turkish president Erdogan's counter-coup witch hunt continued, when thousands of police officers were suspended on Monday, widening a systemic purge of Erdogan's enemies first in the armed forces and then judiciary after a failed military coup, now focusing on the interior police force, and raising concern among European allies that it was abandoning the rule of law. Reuters reports that at least 8,000 police officers have been removed from their posts, in addition to 1,500 at the ministry of finance, on suspicion of links to Friday's coup.

Murdered Baton Rouge Cop's Sister: "It's Coming To The Point Where No Lives Matter"

"I didn’t want to break down in church but it was just something I couldn’t hold... God gives nobody the right to kill and take another person’s life... It’s coming to the point where no lives matter."

Turkish Stocks Crash Most In 3 Years, Give Up Brexit Gains

So much for central-planning?

The Cleveland Fed Wants You To Know That Its President Does Not Advocate Helicopter Money

It appears that the Cleveland Fed got an earful for ABC's report which originally disclosed Mester's "qualified support" for helicopter money (and anyone else who touched on it) and overnight we have been bombarded by emails from the same regional Fed, which urgentl want our readers to know that "Mester did not in any way advocate helicopter money."

WTI Tumbles To $45 Handle As 'Failed Coup' Leaves Flows Unhindered

Despite Turkish turmoil, oil prices have resumed their downturn as the 'failed coup' has left flows unhindered and a stronger dollar (and waning gasoline demand) pushed WTI back to a $45 handle this morning.

7 Things Trump Must Do

"We the undersigned urge you, the presumptive Republican nominee for President, to support a rebirth of free-market capitalism in the U.S. You have said repeatedly that you want to make American great again. We agree with you. And we assert that the most effective way to start that process would be to affirm your principled support for economic liberty, for open and competitive markets, and for a foreign policy that rejects both protectionism at home and interventionism abroad."

France "Is On Verge Of Civil War" Security Chief Warns Feckless Hollande

In the wake of the Nice terror attacks that left 84 people dead with over 300 others wounded, Calvar is doubling down warning an increasingly questioned Hollande that an inevitable confrontation between the far right and Muslims looms, posing more of a threat than terrorism.

Lira Slumps After Turkish Parliament Evacuation On Report Of "Imminent Attack"

Whether credible, or the latest in a long line of false flag events to spread panic and fear and further cement Erdogan's authoritarian power, moments ago newswires reported that people are being evacuated form the Turkish parliament building as there has been information about an imminent attack on the building, the Cumhuriyet newspaper reported on Monday.

John Kerry Threatens Turkey With NATO Expulsion

“NATO also has a requirement with respect to democracy and NATO will indeed measure very carefully what is happening,” Kerry tells reporters in Brussels after attending a meeting of European Union foreign ministers "My hope is that Turkey is going to move in ways that do respect what they have said to me many times is the bedrock of their country."

Bank of America Profit Tumbles 19% As NIM Hits Record Low, EPS "Beat" On Surge In Cost-Cutting

Moments ago Bank of America joined the parade of "beating" banks despite declining earnings, when it reported adjusted Q2 EPS of $0.37 (excl. DVA), "higher" than a sharply reduced in recent weeks consensus estimate of $0.33, even as profits tumbled 19% from the $0.45 a year ago on sliding revenues of $20.6 billion ($20.4bn reported), vs consensus of $20.4 billion: the top line was $1.6 billion lower than a year ago if $0.9bn higher than Q1.

Herbalife: Media Materially Misstates FTC Outcome, Icahn Files Potentially Questionable Statement with SEC

In the classic "pyramid" scheme, participants attempt to make money solely by recruiting new participants into the program. The hallmark of these schemes is the promise of sky-high returns in a short period of time for doing nothing other than handing over your money and getting others to do the same. But, like most news that goes out incorrectly, nobody noticed the retraction and nobody cared. Here’s what Dow Jones’ official retraction of the morning’s news looked like when it was issued later in the morning, with Herbalife stock already trading up nearly 15%

US Futures Rebound Sharply From Friday's Coup Fears, Focus Shifts To M&A

Having panciked briefly on Friday night on news of a Turkish coup, which has since not only failed but been cast away as speculation rises that it was staged and designed to give Erdogan even more authoritarian power, markets have moved on and are now focusing on the main overnight event which was the surprising $32 billion bid by Japan's SoftBank for U.K.’s semiconductor giant ARM which has sent comparable semis higher in European trading and pushing the Stoxx Europe 600 Index up by 0.6%, after surging 3.2% last week. After sliding sharply on Friday, US equity futures are up 0.1% in early trading.

"Not A White Problem"

"So, with homicides at a 25 year low and completely confined to the urban ghettos where young black men kill other young black men, we need new gun laws to restrict what white people can own?"

"Why They Didn't Fire Is A Mystery" - Coup Pilots Had Erdogan's Plane In Their Sights And Did Nothing

At the height of the attempt to overthrow Turkish President Tayyip Erdogan, the rebel pilots of two F-16 fighter jets had Erdogan's plane in their sights. And yet he was able to fly on. "At least two F-16s harassed Erdogan's plane while it was in the air and en route to Istanbul. They locked their radars on his plane and on two other F-16s protecting him. Why they didn't fire is a mystery."

Why Hillary Clinton's Email Case Is Still Not Closed

Normally, when the head of the FBI under one President says something like "no reasonable prosecutor would bring such a case" as the FBI reported regarding Hillary Clinton's emails, that would be the end of the matter; but Clinton actually still isn’t off the prosecutorial hook of this criminal case, unless and until she becomes President herself.

How & By How Much Big Pharma Fools Investors

by Wolf Richter, Wolf Street:

A scheme we call “consensual hallucination.”
Yesterday, we were bashing big pharmaceutical companies for jacking up prices of patent-protected drugs at obscene rates. Those double-digit price increases were largely responsible for the sales increases these companies reported. Drugs have become the largest wholesale category, at $54.3 billion in May, or 12.2% of total wholesales.
This boom is based on price increases at a great cost to US consumers and taxpayers. It’s cannibalizing the rest of the economy. But it’s made possible by the abuse of the patent system, the increasingly monopolistic structures in the industry after a tsunami of mergers funded by cheap credit and a soaring stock market – as planned by the Fed – along with legislators and regulators that have been compromised by the big money and the revolving door [read… This is What’s Cannibalizing the US Economy].
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The Pokemon Pied Piper Zombie Apocalypse has Begun: Hoards of Mindless, Obedient Sheeple Now Stampede Anywhere the Puppet Masters Plant Fictitious Monsters

by Dave Hodges, The Common Sense Show:
By now, you’ve probably heard of Pokemon Go, the new “hybrid reality” mobile app game that overlays real world geographic locations with virtual monsters that are collected for points.
What you may not yet know is that the game was actually developed by a CIA-funded software front group for the purpose of using all the mobile device cameras of the brain dead public to conduct what I call “mass redundant surveillance” of any area requiring immediate video documentation by the CIA or NSA. It’s essentially a CIA spying machine pretending to be a game.
To accomplish citizen-assisted spying, the game’s puppet masters simply plop a virtual monster into any desired surveillance location, and hoards of totally brain dead apocalyptic zombie humans instantly converge on the scene, all pointing their mobile cameras at the virtual “monsters” so they can earn their virtual “points.” (See bizarre photos and video below…)
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Baton Rouge, Nice, Dallas, Orlando – A Dark And Distressing Time Has Descended Upon The Civilized World

by Michael Snyder, The Economic Collapse Blog:
Does it not seem as though events are starting to accelerate significantly? Since I warned that something “had shifted” and that things had “suddenly become more serious“, we have seen the worst mass shooting in U.S. history in Orlando, we have seen the massacre of five police officers in Dallas, we have seen the horrifying terror rampage in Nice, and now we have seen the brutal murder of three police officers in Baton Rouge. On Sunday morning, the peace and quiet in Baton Rouge were shattered when “dozens of shots” erupted less than one mile from police headquarters. By the end of it, 29-year-old Gavin Eugene Long had killed three officers and seriously wounded three others. It was a crime fueled by pure hatred, and Long specifically waited for his 29th birthday to launch the attack
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Israeli NGO Transparency Law Takes Aim at Opposition, Not Honesty

by James Holbrooks, Underground Reporter:
On Tuesday, The European Commission — the executive branch of the EU — slammed Israel over the passage of a new law targeting non-governmental organizations (NGOs) critical of its policies, particularly the Israeli occupation of Palestine.
The law — dubbed the “transparency bill” — was passed by Israel’s parliament, the Knesset, on Monday, and will require NGOs receiving half or more of their funding from foreign entities to disclose information about their donations to the Israeli government via official reports.
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Media Coverage of Identity Politics

from BATR:
By any traditional standards of accomplishment, Barack Obama has failed miserably. This assessment is not based upon any particular ideology or partisan politics, just on straight pragmatic results. Furthermore, if you watch or read any of the accounts from the establishment media you would think that the black messiah would shuffle into a second term on the strength of his vocal talent. Singing sweet melodies appeals to those lacking in intellectual skills to assess and judge reality from rhetoric. What is striking about the tenor of the political debate is that the face of the country now wears a socialist mask that the masses love and demands even greater expansion.
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‘Black Lives Matter’ Supporters, Islamists Celebrate Murder of Baton Rouge Cops

“Armed thugs meet political consequences”
by Paul Joseph Watson, Infowars:
‘Black Lives Matter’ supporters and Islamists are already celebrating the murder of at least three police officers in Baton Rouge, Louisiana.
Twitter user ‘Marland X’ – whose profile suggests he is a member or supporter of the New Black Panther Party – tweeted his glee at the deaths within an hour of the news breaking.
Armed thugs meet political consequences” in #BatonRouge,” he tweeted along with the hashtags “#BlackLivesMatter,” “#PigsInABlanket” and “#BLM.”
Read More…

Fake CIA Agent and FOX News “Terror Expert” Sentenced to Prison for Lying to the Public for Years

by Matt Agorist, Activist Post:
A man who falsely claimed for decades to be a CIA agent and worked as the FOX News “Terror Expert” has now been sentenced to 33 months in prison, according to prosecutors, as cited by Reuters.
According to a U.S. District Attorney’s Office statement, Wayne Shelby Simmons of Annapolis, Maryland, was sentenced in a U.S. District Court in Alexandria, Virginia.
“Wayne Simmons is a fraud,” U.S. Attorney for the Eastern District of Maryland, Dana Boente, flatly stated. “Simmons has no military or intelligence background, or any skills relevant to the positions he attained through his fraud.”
U.S. District Judge T. S. Ellis III also ordered Simmons to serve three years of supervised release, pay restitution, and to forfeit two firearms and $176,000 in criminal proceeds.
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