Sunday, July 31, 2016

Whistleblower's Stunning Claim: "NSA Has All Of Hillary's Deleted Emails, It May Be The Leak"

"If the FBI really wanted them they can go into that database and get them right now,” William Binney said of Clinton’s emails as well as DNC emails. Asked point blank if he believed the NSA has copies of “all” of Clinton’s emails, including the deleted correspondence, Binney confirmed. “Yes. That would be my point. They have them all and the FBI can get them right there.”

Is War Inevitable In The South China Sea?

The indispensable nation’s military hegemony over the whole South China Sea must always be undisputed. Always. But already it is not. China is positioning itself as a cunning, asymmetrical aspirant to “peer competitor”. For the moment Beijing ranks second in the Pentagon’s list of “existential threats” to the US. Were not for Russia’s formidable nuclear power, China would already be number one. At the same time China does not need to launch any military offensive against an ASEAN member; it’s bad for business. But make no mistake; at some point in the future, there will be a serious confrontation between the US and China over “access" to the South China Sea.

Chinese Currency Strengthens Most Since 2010 As Services PMI Hits 2016 Highs, Manufacturing At 5-Month Lows)

In a miracle of modern goal-seeking, China's Manufacturing PMI clung to within an inch of 'stable' 50 level for the 20th month (actually missing expectations of 50.0, printing 49.9) But while manufacturing is its lowest since Feb, the non-manufacturing PMI jumped to 53.9 - its highest since Dec 15. Following the notable USD weakness on Friday (thanks to BoJ disappointment), and the apparent recovery of the Chinese economy (just need another trillion or two of credit to keep the dream alive), PBOC strengthened the Yuan fix by 0.35% - the most since mid-June... extending the 9-day gain to the most since Sept 2010.

What If?

Presented with no comment...

America's Recent Achievements In The Middle East

If You Disagree With This Harvard Economist You May Be Stupid And A Racist

Shocked by the inexplicable realization that Americans are stubbornly unwilling to bow down and blindly accept the political and economic views of the educated elites in this country, Harvard Professor Gregory Mankiw recently took to the New York Times to pen an oped where he concluded that the only possible reason for the lack of conformity to his point of view is the stupidity and racism of the electorate.

"Time's Up - The Pain Must Begin Now"

In 2010, Social Security (OASDI) unofficially went bankrupt.  For the first time since the enactment of the SS amendments of 1983, annual outlays for the program exceeded receipts (excluding interest credited to the trust funds).  The deficit has grown every year since 2010 and is now up to 8% annually and is projected to be 31% in 2026 and 44% by '46. The impact of the collapse of the growth among the working age population and swelling elderly population is plain to see.  And it will get far worse before it eventually gets better.

Why The IRS Is Probing The Clinton Foundation

"Clinton Cash" author, Peter Schweizer, recently took to the airwaves to explain why the IRS investigation of the Clinton Foundation should be a "Big Deal" and why the State of Kuwait, Dubai Foundation, Friends of Saudi Arabia, United Arab Emirates, The Government of Brunei Darussalam and The Sultanate of Oman are all contributors...must be the programs advocating for full and equal "participation of girls and women in the 21st century"...but that's just our guess.

Goldman Turns Outright Bearish: Says To "Sell" Stocks Over Next 3 Months

For those who believe that Goldman is just another incarnation of Dennis Gartman and are still bearish, you may want to close out any remaining short positions because moments ago, Goldman just released a new report in which the firm has gone outright bearish, with a "tactical downgrade to equities for the next 3 months."

Paul Craig Roberts Rages "The Democratic Party As We Knew It No Longer Exists"

The Democratic Party that once was concerned with workers’ rights, the elderly, civil rights, and the constitutional protections of America liberty no longer exists. As the just completed Democratic presidential primaries and the Democratic presidential convention have clearly demonstrated, the United States now has two Republican parties in service to the One-Percent.

Explosion Rocks Rio's Main Olympic Stadium After "Controlled Blast"

As if things were not bad enough in Rio, The Herald Sun reports that an explosion has rocked the Olympic stadium in Rio after Brazilian police discovered a suspicious device today.

500 Years Of Stock Panics, Bubbles, Manias, & Meltdowns (In 1 Simple Chart)

From the "over-expansion of credit" leading to banking failures in 1255-62 in Italy to 2015's "'end' of The Fed's zero interest rate policy," stock markets have risen and fallen and risen some more on the back of wars, manias, crises, and panics since The Middle Ages....

Central Banks Are In A Lose-Lose Situation: Low-Rate-Policy "Has Rendered The System Profoundly Fragile"

"...abandoning the low interest rate policy would likely trigger a severe recession... but, continuing this policy would distort and corrode the economic structure even more, which would jeopardize the business model of pension funds, insurers and banks, and further inflate the real estate and stock market bubbles. The low interest rate policy has rendered the system profoundly fragile, with central banks virtually in a lose-lose situation."

Saudi Banks Offered $4BN Bailout To Avoid Liquidity Crisis

The Saudi circular ref (low oil prices -> budget deficits -> more oil pumping -> even lower oil prices) continues to iterate toward it's ultimate conclusion which (spoiler alert) will not be pleasant... and the banking system bailouts have only just begun.

Hillary Lead Over Trump Surges After Reuters "Tweaks" Poll

This is how one tumbles from a 1-point lead to a 6-point loss in 3 days thanks to the miracle of a "non-GAAP" polling "adjustment."

Putting The BOJ's Purchases In Context: Equivalent To The Fed Buying $580 Billion In ETFs In 2 Years

Over the next year, the BoJ is scheduled to purchase ¥6t ($58b) in ETFs, and $116b over the next two years. By June of 2018, BoJ is likely to hold ¥20.5t ($200b) in ETFs. Putting this in context, this new stimulus can be viewed as equivalent of the Fed purchasing $580 billion in ETFs over the next two years, and the Fed holding $1 trillion in ETFs. 

Jihadist Al-Nusra Forces Launch Offensive To Keep Assad Out Of Syria's Aleppo

Over the past month the offensive for Syria's second largest city, has shaped up as one of the most important conflicts in the three year-old Syrian civil war. The aim of the offensive, which was preceded by a surge in Russian air strike, is to cut the last rebel supply line into Aleppo city. However, with Assad's armies advancing on the besieged city, surprising reinforcements for rebel forces emerged when earlier today Al-Nusra's Jihadist forces, attacked regime forces southwest of Aleppo in a new battle the remove the siege.

Seven Places Where WW3 Could Start At Any Time

It seems like you can’t watch the news anymore without stumbling onto a story that contains terrifying global implications. Not since the Cold War have tensions been so high among the nations of the world. You can strike sparks just about anywhere. The threat of another global war is downright palpable.

Trump's Response To Parents Of Killed Muslim Soldier: "Hillary Voted For The Iraq War, Not Me!"

"Hillary Clinton should be held accountable for her central role in destabilizing the Middle East. She voted to send the United States to war against Iraq, helped lead the disastrous withdrawal of American troops years later that created the vacuum allowing the rise of ISIS, and has never met a regime change she didn’t like (which have all been disasters) – not to mention her invasion of Libya and her abandonment of American personnel in Benghazi."

From Reflation To Redistribution: The "War On Inequality" Looms

The bigger picture narrative, according to BofAML's Michael Hartnett, is that the policy baton is passing from Monetary to Fiscal stimulus in 2016/17. Simply put, central bank rate cuts are ending; and new policies to address the populist desire for a "War on Inequality" are emerging. This 'fiscal flip' - as Hartnett describes it - means rotation from 'deflation' to 'inflation' assets... from 'financial' to 'real' assets.

The Good, The Bad, & The Great Of Donald Trump's Candidacy

"Donald Trump’s overwhelming virtue is that he is not Hillary Clinton and does not carry a bulging 30-year old bag of bad ideas. Hillary’s ideas—–and those of the establishment for which she shills——about how to fix the coming economic and foreign policy crises, in fact, are so unequivocally and irremediably bad that it is not possible that there is anything worse."

Leader Of Belgium's Largest Political Party Calls For "Patriot Act" To Crack Down On Terrorism

And so history goes back to square 1: a terrorist act, directly inspired by the politicians' own actions, promptly followed by a crackdown on civil liberties enjoyed by all. Almost as if it was planned that way...

Rahm Emanuel Says Chicago Pension Crisis "Improving", Facts Show He Is Lying

Fridays in the summer are a great day to dump news you don’t want scrutinized, as reporters will tell you. Chicago Mayor Rahm Emanuel just dropped some propaganda, bragging about balancing the Chicago budget and fixing the city’s pension plans. While Reuters' Dave McKinney took the lies hook, line, and sinker; the facts behind the lies can be summarized thus: "the kicked can is not included."


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