Monday, November 21, 2016

The Mainstream Media Has Only Itself To Blame For The "Fake News" Epidemic

When false narratives and comedians are championed, the public at large stops relying on publications and networks who attempt to pass themselves off as “real news” but who in fact either ignore or simply don’t care about information they put out because of an ideological bias.

"What Happened To Your 'Love Trumps Hate' Line? You're All Damn Hypocrites!"

Fox's Judge Jeanine Pirro tore into the cast of 'Hamilton' for their "inappropriate" behavior this weekend, slamming it as "out and out reverse racism." Pirro raged, Pence and President-elect Donald Trump won an election fair and square because "forgotten Americans, most of whom can't afford tickets to your play, and may not have even heard of it, got up and voted" against the Democrats' policies.

Billionaire, Wall Street Democrat Added To Treasury List As More Clues Emerge On Trump Cabinet

New candidates and clues emerge on who might fill key senior administration jobs from Trump's weekend meetings at Trump National Golf Club in Bedminster, New Jersey.

British Government's "Counter-Extremist" Unit Shuts Down Milo Yiannopoulos Speech

"They’ve bullied and humiliated this poor school into cancelling. Maybe if I called my talk ‘Muslims are Awesome!’ they wouldn’t."

"What The F**k Was That?" Currency Traders Reeling Amid Sterling, Yen, Gold Chaos

Shortly after 0826ET, with Cable trading at 1.2400, 'someone' decided to back up the truck and buy Sterling with bond hands and feet, spiking the pair to 1.2499 (to the tick) in spot (and over 1.25 in futures). Given the total lack of catalyst for the move, one veteran FX trader exclaimed "what the fuck was that" though noted his lack of surprise at the move in the current chaotic environment. Notably, yen and gold moved at the same time suggesting a much bigger footprint.

Oil Wagers Surge To 9 Year Highs As OPEC Decision Looms

In the aftermath of Trump victory and as an OPEC 'deal' decision looms, hedge funds, oil producers, and consumers have placed the largest number of bets on WTI's next move since August 2007. While WTI is exuberantly rising this morning on the heels of Putin's positive 'deal' comments, we note that Oil VIX costs are at their highest in 7 months suggesting traders expect significant price swings no matter what.

Key Events In The Coming Thanksgiving-Shortened Week

The key economic releases this week in the Thanksgiving-shortened week are the durable goods report and new home sales on Wednesday. There are several scheduled speaking engagements from Fed officials this week. Minutes from the November FOMC meeting will be released on Wednesday.

Putin Confirms Trump Is Willing To Normalize Russian-American Relations

With a shadow cold war raging between the US and Russia, Putin said that Donald Trump confirmed he was willing to mend ties: "The President-elect confirmed he is willing to normalize Russian-American relations. I told him the same."

Goldman Now Expects OPEC To Reach Production Cut Deal, Raises Q1, Q2 Oil Price Forecast; Cuts Q3, Q4

"Our base case is now that an OPEC production cut will be announced and implemented with OPEC production at 33.0 mb/d in 1H17 and a Russia freeze at 11.6 mb/d. As we have flagged previously, this leads us to reverse the direction of our 2017 oil price path: normalizing inventory levels will generate backwardation by 2Q17 and leads us to raise our 1Q and 2Q17 WTI price forecasts to $55/bbl from $45/bbl and $50/bbl previously."

Break out the Bows and Arrows...

"It Feels Like A Warzone": 400 North Dakota Pipeline Protesters Clash With Police; 167 Injured

Some 400 protesters, opposed to a North Dakota oil pipeline project they say threatens water resources and sacred tribal lands, clashed with police who fired tear gas at the scene of a similar confrontation last month. A total of 167 demonstrators have been injured according to a medic on site while 7 people have been hospitalized for severe head injuries. Three of those injured are reportedly elders of the Standing Rock Sioux tribe.

Trumpflation Takes A Breather As Global Stocks Rise, Oil Jumps On Renewed OPEC "Deal Optimism"

With the Trumpflation euphoria easing back slightly overnight, leading to a modest paring in the USD index and US Treasury yields, Asian and European stocks rose, while US equity futures rebounded to just shy of new all time highs, as crude jumped on renewed optimism that OPEC will agree to cut output; metals rebounded from last week’s losses as yields dropped and the dollar halted its longest winning streak versus the euro.

Nassim 'Black Swan' Taleb Sums Up Obama's Legacy In 3 Painfully "Real" Tweets

Having previously exposed the "intellectual-yet-idiot" class, Nassim Taleb unleashes his acerbic tone in 3 painfully "real news" tweets on President Obama's legacy...

Wolfgang Schäuble Resorts To Threats And Extortion Over Brexit

German finance minister Wolfgang Schäuble warns the UK faces stiff rules on tax breaks and prolonged EU payments. Such threats are nothing more than an extortion attempt by the EU on the UK. Schäuble’s threats are laughable because they are unenforceable, yet extremely serious because of likely end results of a Smoot-Hawley style global deflationary collapse.

Beppe Grillo: "The Amateurs Are Conquering The World Because The 'Experts' Destroyed It"

"The amateurs are the ones conquering the world and I’m rejoicing because the professionals are the ones who have reduced the world to this state. Hillary Clinton, Obama and all the rest have destroyed democracy and their international policies. The experts, economists and intellectuals have completely misunderstood everything."

An American Living In Norway Explains Why He Voted For Trump

"According to Hillary, I am a “deplorable.” I would like to share my story how this came about and what this election meant to me."

Drugs Are Killing More Americans Than Road Crashes

So much for the so-called 'war on drugs'...

The Coming Financial Backlash For Silicon Valley And Much, Much More

Silicon Valley has a problem, a very big problem. And it’s not rooted in just the geographic location. Everything (and I do mean everything) that was once assumed “a given” or, “totally worth it” or, the more memorable “it’s different this time” rationales as it pertained to startups, social media, valuations, user metrics, IPOs, unicorns, etc., etc. is about to be piled onto the ever burgeoning trash-bin of history...

Bank of England Trips over London House-Price Bubble, Hilarity Ensues

by Wolf Richter, Wolf Street:
“Landlords have been unable to raise rents…”
The legendary, magnificent, frequently discussed, and all-in-all mind-blowing house price bubble in Prime London finally came to the attention of the Bank of England. On its blog, “Bank Underground,” this discovery comes with a big-fat caveat:
Bank Underground is a blog for Bank of England staff to share views that challenge – or support – prevailing policy orthodoxies. The views expressed here are those of the authors, and are not necessarily those of the Bank of England, or its policy committees.
I get it. It’s not official. In official circles at the BOE, the house price bubble in Prime London and other parts of London, for that matter, is still dormant.
Read More

We Are Being Set Up For Higher Interest Rates, A Major Recession And A Giant Stock Market Crash

by Michael Snyder, The Economic Collapse Blog:
Since Donald Trump’s victory on election night we have seen the worst bond crash in 15 years. Global bond investors have seen trillions of dollars of wealth wiped out since November 8th, and analysts are warning of another tough week ahead. The general consensus in the investing community is that a Trump administration will mean much higher inflation, and as a result investors are already starting to demand higher interest rates. Unfortunately for all of us, history has shown that higher interest rates always cause an economic slowdown. And this makes perfect sense, because economic activity naturally slows down when it becomes more expensive to borrow money. The Obama administration had already set up the next president for a major recession anyway, but now this bond crash threatens to bring it on sooner rather than later.
Read More

If Trump does these ten things he’ll be the greatest president ever

by Kevin Barrett, Veterans Today:

Everybody’s arguing about Trump. Families are split. Couples are at each others’ throats. Racial, ethnic, and religious tensions are in the air. Here at VT the comment section has been in an uproar for months.
I’ve been arguing about Trump with some smart people, people I respect. I just pre-recorded an interview with James Petras, an accomplished leftist anti-Empire sociologist and contributor to my False Flag Trilogy. He has positive things to say about Trump.
So does Robert David Steele, the whistleblowing former CIA Clandestine Services Officer who’s a prime force behind my new book Orlando False Flag. Steele actually believes Trump might push through the Election Reform Act of 2016.  Listen to my brand-new interview with Steele for the details.
Read More

60 Days Left For Globalist President Obama Who Defends TPP at Asia-Pacific Summit, Rattled by Trump

by Joshua Howat Berger, AFR via Yahoo:

US President Barack Obama on Sunday defended free trade as fellow Asia-Pacific leaders vowed to fight protectionism after Donald Trump’s shock election victory sparked fears for the future of global commerce.
The surprise win by Trump, who vowed to tear up trade deals that he claimed sent American jobs abroad, has raised concerns that years of rolling back trade barriers could be reversed.
His victory overshadowed a summit of the Asia-Pacific Economic Cooperation (APEC) group held in Peru this week, where leaders found themselves under fierce pressure to defend trade against a rising tide of anti-globalization sentiment in Europe and America.
Read More

Norway Slashes Clinton Foundation Donations By 87% As Political Clout Dries Up

from Zero Hedge:
For months we’ve been told that the Clinton Foundation, and it’s various subsidiaries, were simple, innocent “charitable” organizations, despite the mountain of WikiLeaks evidence to the contrary. Well, if that is, in fact, true perhaps the Clintons could explain why wealthy foreign governments, like Norway, are suddenly slashing their contributions now that Hillary’s political clout has been erased?
As the Norwegian newspaper Hegnar points out, Norway is expected to slash their contributions to the Clinton Foundation by 87% now that Hillary has lost the presidency.
Read More

Studies on radiation from smart meters show that electromagnetic frequencies disrupt and damage the nervous system

by J. D. Heyes, Natural News:
For some years now, health and technology experts have warned that smart meters being installed at homes all over the country may be emitting hazardous electronic waves that can damage the nervous system.
Now, as reported by Natural Blaze, a demonstration in a newly released video is groundbreaking in its portrayal of just how smart meters are harming us.
Many people know that these smart meters communicate with power companies via microwave signals. What has was not known – until now – is that additional frequencies from these meters are also transmitted in the 2 to 50 kilohertz range.
Read More

Santa FIRED for putting Hillary Clinton on his “Naughty List”

from RT:
A shopping mall Santa in Sanford, Florida was fired after he told a 10-year-old girl that Hillary Clinton was on his naughty list.
According to the girl’s mother, who made a complaint to the mall, the Santa told the girl she was on his nice list and asked, “Do you know who is on my naughty list?
“Hillary Clinton,” he said and then laughed, News 6 reports.
Read More

Presidential Elections: Myths and Deceits

by Prof. James Petras, Global Research:

Every aspect of this year’s US Presidential election has been fraught with myths, distortions, fabrications, wishful thinking and invented fears. 
We will proceed to discuss facts and fictions.
Electoral Participation
The mass media, parties and candidates emphasized the ‘unprecedented voter turnout’ in the elections.  In fact, 48% of the eligible voters abstained. 
Read More

Traders Are Now 100% Sure The Fed Hikes Rates In December


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