It's Official - Donald Trump Clinches Republican Nomination For President

And you think your vote counts...

Millions of voices cried out in terror and were suddenly silenced...

RNC Day 2: Make America Work Again - Live Feed

Republicans will officially nominate Donald Trump for president on Tuesday, and as The Hill reports, "unity" will be a major theme as the party seeks to put forth Trump as its standard bearer a day after 'Never Trump' forces were all but vanquished. With the theme "Make America Work Again", a gaggle of speakers (from Paul Ryan to Tiffany Trump) is set to lay into the Obama administration’s handling of the economy.

 

And the Sheeplez are so Dumbed Down...they don't even realize it...and get pissed off if you point it out to them...

America Is Being Divided And Conquered Into Oblivion

"The single event that changed my life more than any other was TARP, aka the banker bailouts. The unfairness, extreme greed and selfishness with which the status quo bailed out financial criminals while leaving the public high and dry changed me forever. When it comes to shaping American history, it is equal in importance to the attacks of 9/11. I couldn’t contemplate why government officials were putting so much money and energy into bailing out people like me, while ignoring everyone else. It felt irrational, unethical and dirty."

 

We Need More Borders And More States

Thanks to the competitive nature of 'states', many states will often find it difficult to project their power into neighboring states, and thus borders represent a very-real impediment to a state's power. This can then open the door to greater freedom, and even save lives as certain states impoverish or make war on their own citizens. This principle was illustrated yet again this week as the Venezuelan regime opened its border with Colombia to allow Venezuelans the opportunity to purchase food and other supplies on the Colombian side of the border.

 

Pol Pot 2.0 ? 

Erdogan Unleashes Unprecedented Crackdown: Fires All University Deans; Suspends 21,000 Private School Teachers

In an unprecedented move, Erdogan has taken his putsch to the next level, and after sacking 20,000 government workers, army, police and ministry workers, he has purged a mind-blowing 40,000 educators working for Turkey's private school and univeristy system.

"I Will Slaughter You With An Axe" - Terrorist Behind German Train Attack Leaves Chilling Suicide Video

In the chilling 2 minute clip,  Mohammad Riyad says that "I want to perform a martyrdom operation in Germany." He continues by urging his fellow-minded Jihadists to take a weapon and "fight the armies in your lands" adding that "I will slaughter you in your homes and alleys. I will fight you for as long as my veins beat."

Police Officer Killed After Kansas City Shooting, Suspects At Large

Another day, another police officer shot. Moments ago KSHB reoprted that A Kansas City police officer has been shot, according to the police chief. Chief Terry Zeigler tweeted that an officer had been shot at 22nd and Haskell.

The Peak Oil Paradox - Revisited

Is 'Peak Oil' dead and buried forever, or is it lurking in the shadows, waiting to derail the global economy again?

'Elevator Down' Looms As Market Reaches 3-Standard Deviation Extreme

While prices are increasing, that increase in price is coming at the expense of declining volume, providing insight to the “conviction” of participants to the advance of the market. Stocks are incredibly vulnerable. Only 28 stocks in the S&P 500 (less than 6 percent of the index) are at new highs. Less than 72 percent of the stocks in the S&P 500 are even in uptrends.

Last-Minute Algo-Driven VIX-Crash Lifts Dow Green For 8th Straight Day

Prominent Gold Skeptic Willem Buiter Says "Gold Looks Pretty Good"

“Gold, in times of uncertainty and especially in days of uncertainty laced with negative rates, looks pretty good. It competes with other fiat currencies, the dollar, the yen, the euro. And if these currencies now yield negative interest rates or are at risk of negative yields in the U.K. and the United States, then the currency that at least has a zero interest rate, looks better" - Willem Buiter

Oil Slides After Unexpected Gasoline Inventory Build

Following last week's surprise distillates build (and lower than expected crude draw) API reported inventories largely in line with expectations (-2.3mm vs -2mm exp. This nevertheless managed to pump and dump crude futures before drifting slightly lower as Gasoline showed a bigger than expected build (+800k vs -500k exp.).

Microsoft Misses On GAAP Revenue, EPS; Beats On Non-GAAP After Using Lower Tax Rate; Stock Soars

Over the past few quarters, starting with Warren Buffett's annual letter, and continuing with various WSJ reports that the SEC would crack down on the practice, there had been speculation that non-GAAP adjustments would be phased out. But not yet... because if it wasn't for non-GAAP addbacks, Microsoft would have missed badly on both the top and the bottom line.

So What Did The ECB Buy? "In Short, Almost Everything"

"So what did they buy? In short, almost everything. The ECB bought “topical” credits such as VW, Glencore and EdF. They showed little concern with taking credit risk by buying a range of low-BBB names. They bought “high yield” credits such as Telecom Italia and Lufthansa. They bought corporate bonds from US, UK and Swiss companies, and ironically, the ECB’s most popular purchase has been Deutsche Bahn – an issuer where bond yields are the most negative."

Trump 'Close Friend' Unleashes Economic Reality Check: America Is "Lost In The Black Hole Of Entitlement"

"Citizens everywhere are unhappy with their governments and angry with their leaders. They are no longer interested in a political rhetoric that they do not understand and that has no value in their lives. Monetary policy, trade policy technological disruption and the array of issues that make up globalization are simply a parade of unintelligible horribles to the average working class citizen."

 

 

Your Future...and YOU WILL DEMAND... Free Government Cheese...

 

Just like these people...just trying to survive...

This Is What Hyperinflationary Collapse Looks Like

For those who are curious what modern-day, runaway hyperinflation looks like, here is the IMF's forecast of Venezuela's inflation over the next three years.

123,000 VENEZUELANS POUR INTO COLUMBIA LOOKING FOR FOOD

by Joshua Krause, The Daily Sheeple:
What started as a trickle, with several hundred desperate women defying border guards and crossing into Columbia to retrieve badly needed supplies, has turned into a flood. The Venezuelan government has acquiesced to the demands of its people, and has started opening the border with Columbia for brief periods of time, and Venezuelans are taking advantage of that in droves.
It’s estimated that over the weekend, 123,000 Venezuelans crossed into Columbia to buy supplies that can’t be found in their own country. And this is only the second weekend in a row since the government started opening the border, after closing it nearly a year ago over a fears that smuggling was causing shortages. There were so many people, that businesses in border towns faced a few shortages of their own, and had replenish their stocks in neighboring communities.
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But it could Never happen in the U.S.... Are you willing to bet your families lives on it?

The Financial System Is Breaking Down At An Unimaginable Pace

Now it’s $13 trillion... the total sum of negative-yielding debt in the world has increased in the last sixteen days alone by an amount that’s larger than the entire GDP of Russia. And just like the build-up to the 2008 subprime crisis, investors are snapping up today’s subprime bonds with frightening enthusiasm. So this trend will continue to grow for now, until, just like in 2008, the bubble bursts in cataclysmic fashion.

Republican Party To Trump: "Fire Somebody"

In the aftermath of last night's snafu involving Melania Trump's address to the RNC, the GOP has a simple message to trump: fire somebody. As the Hill reports citing Republicans gathered in Cleveland on Tuesday, the Trump campaign should take action against whoever is responsible for the similarities between Melania Trump’s address at the GOP convention and Michelle Obama’s convention speech in 2008.

Ohio Sheriff Urges Civilian Staff To Bring Weapons To Work

Following the recent surge in deadly violence involving police forces across the US, a sheriff in southwest Ohio has encouraged civilians on his staff with licenses to carry guns to bring their weapons to work after recent attacks against police officers in other parts of the country.

"We're Not As Divided As We Seem"

Presented with no comment...

Is The Party Over For Bushism?

America crossed a historic divide and entered a new era. Even should Trump lose, there is likely no going back.

Chinese Military Vice Chairman Urges Troops to Get Ready For Combat: Xinhua

While it is unclear how much of it is populist bluster, how much is posturing, and how much an actual, objective caution, Bloomberg points out an article by China's news agency Xingua posted on the website of the Ministry of National Defense, in which Fan Changlong, vice chairman of China’s Central Military Commission (which is chaired by Xi Jinping himself) "urges Chinese troops to get prepared for combat by improving planning, equipment and logistical support in order" to be ready to "win the war."

Cleveland Police Police Denies Reports Of Shots On Transport Vehicle Near Republican National Convention

What has already been a very tempestuous Republican National Convention for not only Donald Trump, but also his wife, has at least been mostly safe. However, a troubling development took place moments ago when Reuters reports that shots were fired at a Cleveland police transport vehicle near the site of the RNC.

Which Countries Have The Most Immigrants?

Immigration is now at the center of American and British politics. Trump and Farage see immigration as an existential threat. But do the United Kingdom and the United States have especially large foreign-born populations? Is the number of foreign-born residents in those countries rising at rates faster than in other countries? And how is the composition of the foreign-born population changing?

Sheriff Clarke to CNN: ‘Anti-Police Rhetoric Is Based on a Lie’

by Michael W. Chapman, CNS News:
In a sometimes heated discussion about the recent assassination of police officers in Dallas and Baton Rogue with CNN’s Don Lemon, Milwaukee County Sheriff David Clarke said “this whole anti-police rhetoric is based on a lie” about so-called systemic racism in the police force, and that President Barack Obama “has been lying” about it as well.
In the July 17 interview on CNN Tonight, Sheriff Clarke asked Lemon, “Let me ask you this, do we know that generally the American officers are racist? Do we know this?”
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Don’t Reform the Fed, Fed-Exit!

by Ron Paul, Ron Paul Institute:
Opponents of a central bank should take advantage of the post-Brexit vote revival of secessionist sentiments to promote a secession from central banking, or “Fed-exit.” Ending the Federal Reserve’s monopoly on money is the key to restoring and maintaining our liberty and prosperity.
By manipulating the money supply to fix interest rates, the Federal Reserve engages in price fixing. After all, interest rates are nothing more than the price of money. Like all prices, they communicate information about economic conditions to market actors. Federal Reserve attempts to override the market rate of interest with a Fed-favored rate distort the price signals sent to businesses, investors, and consumers. The result of this distortion is a Fed-created boom, followed by a Fed-created bust.
The Fed’s action affects the entire economy and impacts the lives of all Americans, as well as of people around the world. Therefore, it is no exaggeration to say that the attempt to fix interest rates is the most harmful example of price fixing.
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Confidence In The Economy Slumps To Multi-Year Lows: Gallup

One place which fails to corroborate the narrative of a "recovering economy" are the monthly Gallup surveys, and especially the most recent one released earlier today. At -17, this reading is tied for the worst economic confidence reading recorded in the last few years, and suggests that Americans' take on the economy is getting worse, not better.

S&P Cuts Deutsche Bank Outlook To Negative On "Challenging Operating Conditions"

It has been a while since investors focused their attention on the world's "most systematically risky" bank, Deutsche Bank. Moments ago, S&P made sure to remind us that nothing is fixed, when it released a report saying that "Operating Conditions May Challenge Strategy Execution" but keeping the bank at a BBB+ rating.

Did Michelle Obama Also "Borrow" For Her 2008 Speech

“...is based upon the application of certain basic truths: that integrity is all important, that your word is your bond, that if you owe a person money you pay him back, that you work hard, enjoy what you do and show a loyalty to those with whom you work and do business. He instilled in me simple, clear cut values and a will to succeed.”
- Rob Marsh, "Business success in South Africa", 1992

Bernie Sanders Inspired Florida Congressional Candidate Raises More Money in Last 3 Months Than DNC Chair

by Michael Krieger, Liberty Blitzkrieg:
Regular readers will be familiar with Tim Canova, but in case you aren’t caught up, here’s a refresher from January’s post, The DNC is “Feeling the Bern” – Debbie Wasserman Schultz Faces Serious Primary Challenge:
Debbie Wasserman Schultz has not had a great last couple of months. The Florida Congress member and embattled Democratic National Committee Chair has been repeatedly criticized for leading the committee both ineffectively and with a heavy hand, and for an alleged bias toward Hillary Clinton that has made the party’s presidential debates few and far between—one reason why the Republican candidates have dominated the political discussion. The progressive wing of the party base is volubly getting fed up with her.
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Behind The CIA Desperate Turkey Coup Attempt

by F. William Engdahl, New Eastern Outlook:
On the evening of July 15, a group of Turkish army officers announced that they had staged a military coup d’etat and had assumed control of the country. They claimed that Erdogan was in a desperate flight for his life and that they were now in the process of restoring order. The only problem for those army officers and their sponsors far away in Langley, Virginia and Saylorsburg, Pennsylvania– where Turkish political operator, Fetullah Gülen, hides in exile under CIA protection–is that they did not succeed. Behind the coup attempt is a far more dramatic story of the huge geopolitical shift that the often unpredictable political survivor, President (still) Recep Erdogan, was in the midst of making when Gülen’s loyalists made their desperate, now apparently failed coup attempt. What follows is a series of Q&A remarks to the background of the dramatic events unfolding in a pivotal part of the geopolitical order.
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What To Do In A Riot And How To Get Out…

by Ken Jorgustin, Modern Survival Blog:
Rule #1, don’t be in a riot.
With that said, lets say that you are NOT there to antagonize or disrupt, but your circumstances have you caught up in a riot. What do you do? How do you get out of a riot safely?
Here are several tips to help you get out of a riot:
The Police
When things get ‘stupid’, no matter your good intentions or circumstances being there, the police (if they are there) may have a difficult time distinguishing between the ‘good guy’ and the ‘bad guy’, or those who are the antagonizers amidst the chaos. So, be careful with that. You are all potentially disruptors in their eyes during a riot. When the police get the order to quell the riot, it doesn’t matter who you are or what your intentions are…
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Professor Receives Grant for Vaccine Study, Then Warns the Public Against That Very Same Vaccine

by J. D. Heyes, Natural News:
It doesn’t seem to make sense to apply for a publicly-funded grant to study the effects of a certain vaccine, receive the grant, and then warn everyone against that vaccine. But that’s what one Canadian researcher did recently.
As reported by Canada’s National Post, Montreal-based social scientist Genevieve Rail of Concordia University received a $270,000 grant to study the HPV (human papillomavirus) vaccine – and then condemned it, saying the country should establish a moratorium on its use.
Rail, who is under fire from critics along with the federal agency that gave her the grant, also said that there is little proof that HPV causes cervical cancer, despite the findings of a Nobel Prize-winning study by a German scientist five years ago that unearthed the link.
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