Guccifer 2.0 has released a detailed dossier of 100,000 files hacked from the Clinton Foundation server.
(VERO BEACH, FL) Documents reportedly hacked from the Clinton Foundation servers have identified major Democratic donors and troubling ties between TARP aid given to banks and their political contributions. One folder is outright labeled “Pay to Play.”
A Hacker calling himself “Guccifer 2.0,” who claimed responsibility for previous breaches of the Democratic National Committee and the congressional Democrats, published the documents on Tuesday afternoon ahead of the vice-presidential debates.
Yesterday, building on the momentum afforded her by a series of articles in the New York Times, Hillary Clinton asked the audience at a campaign stop in Toledo, Ohio: “What kind of genius loses a billion dollars in one year.” Clinton was referring to the New York Times revelation on Sunday that Donald Trump’s 1995 tax return showed a loss of $916 million. (See video clip below.)
If Hillary really wants to know what kind of genius can lose a billion dollars in one year or $6.2 billion in the case of traders at JPMorgan Chase, she should ask the bank’s CEO Jamie Dimon. The $6.2 billion London Whale loss at JPMorgan Chase is far more scintillating a feat since it involved wild derivative gambles in London in 2012 using the taxpayer-backstopped, insured savings deposits at the largest bank in the U.S. The U.S. Senate’s Permanent Subcommittee on Investigations conducted an in-depth investigation and report of the matter. The Chairman of the Subcommittee at the time, Senator Carl Levin, stated that JPMorgan “piled on risk, hid losses, disregarded risk limits, manipulated risk models, dodged oversight, and misinformed the public.”
Bill Blain: "If The ECB’s Bond Buying Largesse Is Over Get Set For The European Debt Crisis Part Two"
FYI...Your in a Depression...
ISM Services Jumps Most In History Despite "Business Optimism At Lowest Level Since Financial Crisis"
"Wrong Way Gartman"
I recently returned from a fascinating two week speaking tour in China. The occasion was the international premier of my newest book, One Belt, One Road–China and the New Eurasian Century. In the course of my visit I was invited by China’s Northwest University in Xi’an to give a lecture and seminar on the present global political and economic situation in the context of China’s New Economic Silk Road as the One Belt, One Road project is often called. What I’ve seen in my many visits to China, and have studied about the entirety of this enormously impressive international infrastructure project convinces me that a Eurasian Century at this point is unstoppable.
The idiotic wars of the Washington war-hawks and their military industry–in Syria, in Ukraine, Libya, Iraq and now the South China Sea provocations against China–are not going to stop what is now clearly the most impressive and economically altering project in more than a century.
GoldSilver (w/ Mike Maloney):
The divide between East and West, Christian and Muslim just became deeper after not only the Hungarians voted against the European Union’s Muslim “quotas” for Hungary, but they rejected it by an overwhelming 98% margin:
98.3% of Hungarian voters have rejected mandatory EU asylum seeker quotas in a referendum proposed by PM Viktor Orban. But the opposition boycott of Sunday’s ballot appears to have worked, as turnout failed to clear the key 50 percent threshold.
Only 1.7 percent of the voters answered ‘Yes’ to the question “Do you want the European Union to be able to mandate the obligatory resettlement of non-Hungarian citizens into Hungary even without the approval of the National Assembly?”
ince Hillary’s literal collapse witnessed around the world on September 11th, during the 9/11 memorial, Hillary’s campaign has been in free-fall.
On September 12th, Donald Trump overtook her in the widely-watched general election polls hosted by the Los Angeles Times and since that time, Hillary and her campaign staff have been attacking Trump from every angle, calling on the masses to ” dig up ” any dirt they can find on their opposition.
This strategy has largely been a bust, and the only information that they have thus far been able to find and make stick has been a story from 20 years ago. This story has made international headlines and is of course about the former Ms. Universe Alicia Machado, in which he called “Ms Piggy”, following her rapid weight gain after winning the contest.
This is starting to smell a lot like 2008. By nearly all private sector reported economic data series, the economy is starting to tank hard. Just today the employment component index of the NY ISM manufacturing report plunged at its fastest pace in history and hit a 7-yr low. A bevy of private sector reports yesterday showed similar trends. Most notably construction spending fell in August – vs. a .7% gain expected. It was the second month in row construction spending declined after a big downward revision pushed July into a decline vs. June. Construction spending is now contracting for the first time in 5 years.
But there’s an even bigger problem to throw in the mix. It’s called “Deutshce Bank.” Despite inexorable pleas to the market by CEO, John Cryan, DB is exhibiting ALL of the characteristics displayed by Lehman in the months leading up to Lehman’s collapse. If DB were forced to undergo an independent – and by independent I mean non-Central Bank, impartial outside third party – audit and a bona fide mark to market of its off-balance sheet “assets,” the bank would be catastrophically insolvent. As it is now, the stock market values DB stock at just 26% of DB’s stated “book value.” It’s true book value is likely negative by at least few $100 billion.