Thursday, October 13, 2016


by Justin Gardner, via The Daily Sheeple:
Wikileaks has arguably been the most important thing that has happened to elections, if not the veneer of democracy, in quite a long time. We’ve been able to see the true side of politicians and bureaucrats like never before.
In Hillary Clinton, we see a figure beholden to Wall St., working diligently to advance the influence of financial corporations over government policy and taxpayer money. Her mega-donor list is a who’s who of megabanks that also happened to benefit from the TARP government bailout.
In return for their money, Clinton gave speeches to Wall St. giants behind closed doors between 2013 and 2015. She told Goldman Sachs she was “far removed” from ordinary people and that “you need both a public and a private position.”
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When All Else Fails, They Take You To War

by Andrew Hoffman, Miles Franklin:
Generally speaking, the tenor of my commentaries reflects the severity of my beliefs. And recently, fears, which is why the past few weeks have spawned some of the deepest, and most serious, articles of my career. To wit, in the past two days alone, I published “the most important article I’ve ever written,” regarding my staunch belief that all hope for America will be lost if Hillary Clinton is elected; and “frankly, I’m terrified,” on how rapidly civility is collapsing in this historic political campaign, which is rapidly turning into the most polarizing political event since the Vietnam War – and perhaps, given the ugly direction things are turning, the Civil War. Not to mention, last week’s “mark this date, global war has begun” – of how, politically, economically, and monetarily, the “every man for himself” syndrome has taken hold; to the point that, frankly, it’s difficult to envision a scenario where major military confrontations do not result.
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Hillary's Speech To Deutsche Bank: "The People Are Angry, She Isn't"

"We live with a double standard."... "the remarks below make it sound like HRC DOESNT think the game is rigged -- only that she recognizes that the public thinks so. They are angry. She isn't."

Obama To Decide Friday On Military Action In Syria

The time has come for the US to make a decision: on Friday President Barack Obama and his top foreign policy advisers are expected to meet to consider their military and other options in Syria as Syrian and Russian aircraft continue to pummel Aleppo and other targets.

Noam Chomsky Explains How He Was Banned From Mainstream Media

"...a society that operates in a way where propaganda is not only emanating from the major media but it gets into our schools, the kind of courses are taught, the content of the history, is a society that’s not going to be mobilized for its own survival, much less the survival of other countries whose dictators we have for decades supported to oppress their people..."

While Media Obsesses Over Pussy-Gate, US Debt Soars To $19.7 Trillion

The US government’s debt level has soared to just a hair under $19.7 trillion. To give it some context, that’s up over $170 billion in just eight business days.... the fastest pace in 13 months. It’s almost as if Barack Obama is intentionally and desperately trying to breach the $20 trillion mark before he leaves office in January.

Mutiny At Trump HQ? Campaign Manager Warns "I Don't Know What's Out There"

Having rejected calls from his staff to research his own past numerous times, it appears frustration is growing with the Trump campaign as manager Kellyanne Conway exclaimed "I don't know what's out there... there's no way for me to know what is and isn’t out there."

President Obama's Premature Victory Lap

Before President Obama takes his final victory lap with claims of creating the most robust employment recovery since the 1990’s, the data clearly suggests otherwise. Of course, if you ask the 37% that are no longer counted as part of the labor force, they will tell you the same thing.

VIX-Slam Saves Stocks From China Turmoil As Copper Crashes

Remember Ray Dalio's "Depression" Warning: This Is Where We Stand Now

Remember Ray Dalio's warning from early 2016 that if assets remain correlated and things continue to move in the “wrong” direction, "there’ll be a depression"? Well, this is where we are now courtesy of the latest observations of Citi's Matt King...

Bundesbank Says 'Nothing To See Here' As Deutsche Bank Stock Slumps

While Deutsche Bank credit instruments hover near their worst ever, the stock price had been jawboned and squeezed higher enabling the issuance of more junk-priced debt... until today. The first close back below €12 in over a week has some worried, confirmed by Buba's Dombret denial - "European bank sector concerns are overstated."

NIRP Has Failed: European Savings Rate Hits 5 Year High

We present the latest testament to Europe's 2+ years of failed Negative Interest Rate Policy. This week Eurostat published the latest quarterly savings rate data for the Euro area. What it found is that at 12.8%, the gross household savings rate in Q2 2016 had jumped to the highest level observed since the 13% in Q3 2011, confirming the ECB's NIRP policy has been a failure.

Yahoo Stock Slides After Verizon Counsel Questions Deal

Yahoo stock is sliding after Reuters reports Verizon's generl counsel commented that there is a  "reasonable basis" to believe Yahoo email data breach had a material impact on deal.

Michelle Goes On The Attack: "Candidate Actually Bragged About Sexually Assaulting Women"

Michelle Obama attacks The Donald in an "emotionally stirring" performance, complete with impromptu tears, that will likely place her high in the running for an Academy Award in 2017.

Martin Armstrong Fears "We Are Being Prepared For World War?"

The polls are being rigged as they were in Britain for BREXIT. But plan B is clearly being put into play already preparing the public for the accusation that should Trump win, the election will be called a fraud because of Russian hackers. Democrats are now warning foreign governments that cyber attacks against the U.S. will be treated like any other, even if it leads to war.

NYT Responds To Donald Trump, Declines To Take Down Sexual Assault Story

"I write in response to your letter of October 12, 2016 to Dean Baquet concerning your client Donald Trump, the Republican Party nominee for President of the United States. You write concerning our article "Two Women Say Donald Trump Touched Them Inappropriately" and label the article as "libel per se." You ask that we "remove it from [our] website, and issue a full and immediate retraction and apology." We decline to do so."

How The President Of The Philippines Just Snubbed The US While Embracing China

As Filipino President Rodrigo Duterte continues to distance himself from the West, moving instead toward regional powerhouse China, an official from China’s Foreign Ministry said Wednesday that the controversial leader of the Philippines will meet with the Chinese president next week in Beijing.

Treasuries Extend Gains After 30 Year Auction Sees Solid Demand, Stops Through

Attention was glued to today's sale, and this week's final auction, a reopening of $12 billion in 29-year 10-month paper (Cusip RT7), which contrary to whisper expectations that the auction would disappoint, there was virtually no problem in placing the ultra long dated paper amid willing buyers.

Equity Convexity Is Back "In Play" - A Reminder Of How We Got Here

The market continues to “buy into” growing long-term narrative that CBs are shifting from notional “flow” of QE purchases to yield targeting / curve steepening goals and desire for more fiscal policy.  To anybody being intellectually honest, this should be interpreted in the long-term as “a path to tightening.”  Long-end weakens, curves steepen.

Glenn Greenwald: In The Democratic Echo Chamber, Inconvenient Truths Become Putin Plots

The problem is that none of this is going to vanish after the election. This election-year machine that has been constructed based on elite unity in support of Clinton — casually dismissing inconvenient facts as fraudulent to make them disappear, branding critics and adversaries as tools or agents of an Enemy Power bent on destroying America — is a powerful one.

Explain This!

The death cross of economic textbooks just got death-ier...

"Recession Fatigue"-Fatigue Strongly Suggests It Was Never Just A 'Recession'

It never ends because the “recession” never ended. Consumers quite literally never recovered, and the belief, once pervasive in the mainstream, that they did was predicated on but one narrow construct – the unemployment rate. It has been the single most important factor in misleading mainstream analysis, to give comfort to all these excuses as if they were valid because a sharply falling unemployment rate had always meant rising economic fortunes in the past.

Trump Campaign Warns Bill Clinton: "We're Going To Turn You Into Bill Cosby"

"We’re going to turn him into Bill Cosby. He’s a violent sexual predator who physically abuses women who he assaults. And she takes the lead on the intimidation of the victims.”

Wikileaks Releases Another 2,000 Podesta Emails In Part 6 Of Data Dump

Just hours after wikileaks released the 5th part of the Podesta emails dump which in turn came shortly after part 4 which together amounted to some 1,866 new email, Wikileaks has unveiled the latest, 6th part in what now is a daily event, which released another 2,000 emails, bringing the total number of emails released to over 9,000.

Democratic Elector in Washington State Claims He May Not Vote For Clinton in Electoral College

by Michael Krieger, Liberty Blitzkrieg:
Well this is interesting.
The Hill reports:
A Democratic elector in Washington says that if his party’s presidential nominee, Hillary Clinton, wins the state, he may shirk his duty to cast his vote for her in the Electoral College.
“How can I say and do and be who I am and then cast a vote for somebody that’s the same as [GOP nominee Donald] Trump?” Robert Satiacum Jr. asked Politico in an interview published Wednesday.
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Saudi Media Launches Attack on 9/11 Law That Allows Victims to Sue

from Sputnik News:
Now that American citizens are allowed to sue Riyadh for its alleged role in the 9/11 terror attacks, the Saudi press has launched an assault against the legislation.
In a controversial decision, US lawmakers voted to overturn President Barack Obama’s veto of the Justice Against Sponsors of Terrorism Act (JASTA). The legislation allows US citizens to sue foreign governments believed to be involved in terrorist activities on US soil.
Among the bill’s chief opponents was the Saudi government. Now that the bill is law, Riyadh’s newsrooms are having a field day.
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And You Thought the Silver Market was Rigged

by Dr. Jeffrey Lewis, Silver Seek:
We live in a world where the yield-starved and tech-savvy conspire in the basement of the underground and unaccounted. While the rise of Bitcoin and the explosion of alternative currencies may become the new scapegoat of behavioral finance, there is nothing quite like the reality of trickle down finance gone wrong.
Recently, EU officials called for putting safeguards on Internet currency.
The European Banking Authority called on the EU to develop safeguards for trading platforms. They were also called to start groups to oversee each Internet currency to ensure that no individual can manipulate the integrity of a particular virtual currency scheme and its key components. In the meantime, banks shouldn’t buy, hold or sell virtual currencies.
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