Thursday, July 28, 2016

Trump Says "Putin Doing Better Job" Than Obama As Lead Over Hillary Grows

“I said he’s a better leader than Obama because Obama’s not a leader,” Trump said in an interview aired Thursday... "He’s certainly doing a better job than Obama is, that’s all.”

Clinton VP Pick Stands With Hillary … and Big Banks

from Underground Reporter:
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.
Kaine, who is reportedly Bill Clinton’s favorite for the vice presidential slot, signed onto two letters on Monday pushing for financial deregulation—letters that show the Clinton camp “how Kaine could be an asset with banking interests on the fundraising trail,” according to David Dayen at The Intercept on Wednesday.
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Wikileaks Releases Hacked DNC Voicemails During Convention Speeches

Last night, just ahead of the Democratic National Convention's prime time event as president Obama was set to begin his speech praising Hillary and slamming Trump, WIkileaks released another batch of leaked data from the DNC, this time in the form of hacked voicemails from top Democratic officials. However, a cursory skim of the release underwhelmed, suggesting no major developments would emerge as a result of this particular disclosure.

Democrats Skewer Trump With Barrage Of "Burns" Which He Brushes Off As "Empty Rhetoric"

Democrats launched an all out offensive against Donald Trump on day 3 of the DNC as a host of celebrities and politicians attempted to brand the republican nominee as dangerous, xenophobic, a demagogue and a fraud. Trump was quick to respond dismissing the attacks as "a night of empty rhetoric" and accusing Obama and others of being delusional about the state of the country.

Bernie Supporters Boo, Chant "No More Wars" As Leon Panetta Pitches Hillary's War Credentials


Germany Admits "Islamist Terror Has Arrived" As It Prepares To Deploy Army In "Crisis" Situations

Officials in Germany are considering deploying the army inside the country in the wake of multiple attacks, while the governor of Bavaria says Islamic terror has already arrived. "Each attack, each act of terrorism, is one too many. Islamist terrorism has arrived in Germany,” Horst Seehofer, the governor of the German state of Bavaria, told reporters on Tuesday. The official gave a joint news conference with Bavaria’s interior minister, Joachim Hermann, following a summit of the local government, where security issues dominated the agenda."

German Special Forces Raid Mosque, Apartments In Crackdown On Salafists

In a pro- instead of reactive move that many will say was long overdue, if quite ironic considering it was Germany's lax immigration policy for most of 2015 that is the reason for Europe's soaring "radical Islam" crisis, overnight German police and special forces raided a mosque and eight apartments in Hildesheim, said to be a hotbed of a radical Salafist community, the interior minister of the northern state of Lower Saxony said on Thursday.

Oil Industry About To Be Burned Again By Fall In Oil Prices

The current oil-price rally led many to believe that a full price recovery was underway. But inventories have been too large for that to happen short of epic supply interruptions. U.S. rig counts have surged as oil prices sink. Capital is driving the oil markets and it enables bad behavior by producers. That is why oil prices will stay low. The oil-price rally that began in February is over.

Don't Show President Obama This Chart

If everything is so awesome (as initial claims hovering at 43 year lows suggests) then why are consumer confidence expectations (otherwise known as 'hope') tumbling?

Deutsche Bank: "There Is An Element Of Torture To The FOMC Cycle In This Broken Financial System"

"There is also an element of torture to the FOMC cycle in recent years. The pattern for the Fed is that you slowly talk up the prospects of an imminent hike, you then get closer to it, build it up even more and then just before you pull the trigger something invariably happens in this broken global financial system to force you to pull back and start from scratch."

M&A Rush Continues: Oracle Buys "Very First Cloud Company" NetSuite For $9.3 Billion

Today the debt-funded M&A scramble continued, when moments ago software giant Oracle announced it would acquire the "very first cloud company" NetSuite,  a deal that some analysts thought was inevitable while panned by others. The transaction price of $109 represents a nearly 20% premium to yesterday's closing print, and is expected to be immediately accretive to Oracle.

US Futures Rise With All Eyes On Kuroda As Global Stocks Tread Water

Following yesterday's Fed decision and ahead of tonight's far more important BOJ announcement, European stocks have posted modest declines, Asian shares rise toward 9-month highs, while U.S. equity index futures are fractionally in the green in the aftermath of Facebook's blowout earnings. The dollar has extended on losses after Yellen reiterated a gradual approach to raising interest rates, and was down 0.5% in early trading.

IRS Launches Investigation Of Clinton Foundation

Lawmakers charged the Clinton Foundation is a “lawless ‘pay-to-play’ enterprise that has been operating under a cloak of philanthropy for years and should be investigated.”

US Government Pays $475,000 For Illegally Searching Woman's Vagina

"This is so disgusting, so vile... I would ask you just one simple question: have you reached your breaking point yet?"

One of the BEST things that could happen to the world...Get rid of NATO...

Trump And The End Of NATO?

Trump does not seem to understand how deeply important NATO or US militarism elsewhere around the globe are to American hegemony under its corporate capitalist system. If and when he does actually try to implement his policy, he will encounter formidable forces that he probably isn’t aware of yet. The last American president who tried to rein in the corporate power of US militarism was John F Kennedy. He was assassinated on November 22, 1963, in broad daylight

"Short Everything That Guy Has Touched" - San Fran's Lending Standards Put The Last Housing Bubble To Shame

The $0 down, 30-year, adjustable-rate, jumbo mortgage backed by illiquid stock options in tech start-ups, a loan which the San Francisco Federal Credit Union has coined POPPY (Proud Ownership Purchase Program for You), because "Steaming Pile of $h!t" just didn't seem appropriate and messaging really is everything when you're trying to dump loans overseas, has made a huge come back in Silicon Valley.  We know what you're thinking but it's probably fine.

The Israeli Attack on the USS Liberty — Paul Craig Roberts

by Paul Craig Roberts, Paul Craig Roberts:
Introduction: For a number of years Admiral Thomas Moorer, former Chief of Naval Operations and Chairman of the Joint Chiefs of Staff was my colleague at the Center for Strategic and International Studies. Tom, after whom the F-14 Tomcat fighter is named, expressed to me his concern that US politics and foreign policy was in the clutches of Israel and that America was being led into war with the Arab Middle East. Admiral Moorer and the State Department and Pentagon at that time did not think that war with the Arab countries served the interests of the United States. However, Admiral Moorer thought that the war could not be avoided because of the hold Israel has over the US government.
What convinced him of this was Washington’s coverup of the 1967 Israeli attack on the USS Liberty which resulted in 208 killed and wounded Americans. Tom was disheartened that Admiral John S. McCain Jr., the father of the current US senator, for career reasons had cooperated with the coverup. Tom worried that careerism had destroyed the integrity of the US military.
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Mining Stocks Look Ready To Explode Higher Again

by Dave Kranzler, Investment Research Dynamics:
The news that China has been to some degree crowded out this year by Western demand for gold is of minor importance compared to this further evidence that the mighty double-digit growth 15+ year surge in Chinese domestic gold production seems at last to have topped out. This means Chinese appetite for gold will increasingly have to be met from overseas. – John Brimelow JB’s Gold Jottings report LINK
It was reported by Reuters Africa yesterday that Chinese gold production in the first half of 2016 was up slightly from the same period in 2015. 2015 production was down .4% from 2014.
If the amount of China’s domestically produced gold begins to decline, China’s enormous demand for gold will require a lot more gold imported from the rest of the world. This will make things interesting – given the already enormous supply/demand deficit in deliverable physical gold – because we know that, based on retail gold coin sales in the U.S., Canada, England and Australia, retail demand in the west is picking up quickly.
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Deutsche Bank Profit Plunges 98 Percent As The Outlook For ‘The World’s Riskiest Bank’ Darkens

by Michael Snyder, The Economic Collapse Blog:
The biggest and most important bank in the biggest and most important country in Europe continues to implode right in front of our eyes. If you follow my work regularly, you probably already know that I issued a major alarm about Deutsche Bank last September. Subsequently, Deutsche Bank stock hit an all-time low. Then I sounded the alarm about Deutsche Bank again back in May, and once again that was followed by another all-time low for Deutsche Bank. And then I warned about Deutsche Bank again in early June, and you can probably imagine what happened after that. Over the past year, this German banking giant has literally been coming apart at the seams, and in so many ways it is paralleling exactly what happened to Lehman Brothers back in 2008.
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from Harvey Organ:
For the July gold contract month, we had ANOTHER GOOD 17 notices served upon for 1700 ounces. The total number of notices filed so far for delivery: 6897 for 689,700 oz or 21.452 tonnes
In silver we had 9 notices served upon for 45,000 oz. The total number of notices filed so far this month for delivery: 2359 for 11,795,000 oz
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A MOMENT of honesty from the media, about the Fed

by Jeff Nielson, Bullion Bulls:
There are few constants in the world. But one of these constants is the Federal Reserve never tells the truth about interest rates, and the mainstream media never tells us the truth about what the forked-tongues at the Fed are really saying.
For more than 7 1/2 years, the Fed Liars have been promising to raise interest rates. The initial promise from the Fed was that it was going to IMMEDIATELY NORMALIZE interest rates, at the beginning of 2009. The Fed Liars called this their “exit strategy”. For more than 7 1/2 years since; the Fed-heads haven’t done what they have promised to do, again and again and again. Indeed, they have long since ceased to use the term “exit strategy” — as apparently neither they nor their media sycophants could continue to utter the two words with a straight face. Read More

All Wars Are Bankers’ Wars: Horrible to Watch How False French World War Begins

from The Daily Bell:
Le Pen’s niece enrolls in the ARMY as she calls on France to ‘kill Islamism’  … Marion Le Pen has said she will enroll in the French army reserve Marion Le Pen announced on Twitter she would join the French Army reserve after a spate of Islamic State-inspired terror attacks in Europe.  The 26-year-old also blasted the “ineffective” French army as the country reels from the murder of 84-year-old Father Jacques Hamel by two teenagers who said they were ISIS “soldiers”. –UK Express
The horrible murder of Father Jacques Hamel in Rouen France by “ISIS soldiers” has further inflamed French anger against radical Islam and fundamentalism.
This is how wars begin.
In this case, France – and the West generally – are being whipped up against 1.5 billion Muslims around the world.
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Monsanto Strong-Armed Science Journal to Retract Study Showing Liver, Kidney Toxicity in Rats Fed GMOs and Glyphosate

by Ethan A. Huff, Natural News:
Corporate collusion and secret backroom dealings between at least two editors from the journal Food and Chemical Toxicology (FCT) and biotechnology giant Monsanto are what ultimately led to the unwarranted retraction of a major study showing that Monsanto’s NK603 “corn” and corresponding herbicide glyphosate (Roundup) cause cancer in mammals, new Freedom of Information Act (FOIA) requests reveal.
The groundbreaking paper by French biologist Gilles-Eric Seralini, which was published and then unpublished by FCT, contained no errors and wasn’t fraudulent or plagiarized, and yet FCT’s chief editor, A. Wallace Hayes, made the unprecedented decision to pull it, after a second and mysterious peer review, using the excuse that the paper’s findings were “inconclusive.”
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Vietnam Vet Shot For Being a Trump Supporter

Vicious attacks by angry leftists continue
by Paul Joseph Watson, Infowars:
A political discussion at a bar in Cleveland ended with a Vietnam vet being shot in the leg because of his support for Donald Trump.
60-year-old Paul Jones, Jr. was having a conversation with a friend at Winston’s Place near E. 131st Street and Miles Avenue on Monday evening.
A man sitting nearby overheard the chat and immediately became aggressive.
“He butted in the conversation,” Jones told WEWS from his hospital bed. “The conversation wasn’t directed at him or to him.”
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