Tuesday, November 29, 2016

Trump Threatens Flag-Burning Americans With Loss Of Citizenship Or Jail

Philippine President Duterte's Advance Motorcade Attacked By Muslim Militants

At least seven members of Philippines President Rodrigo Duterte's security team and two soldiers were injured in a roadside bombing ambush by suspected Muslim militants. The attack took place ahead of the president's planned visit to the south of the country, AFP reported citing the president and the Armed Forces.

WTI Plunges Near $44 Handle After Iran Oil Minister Says "No Cut In Production"

Iran just hammered another nail in the coffin of an OPEC 'deal' when oil minister Bijan Namdar Zanganeh told reporters in Vienna ahead of OPEC meeting on Wednesday that "Iran won't cut oil production." Despite confident comments from Algeria, WTI plunged to within a tick of a $44 handle to 2-week lows...

US Q3 GDP Revised Higher To 3.2%, Beating Expectations, On Stronger Consumer Spending

The unexpected economic growth spurt continued in the third quarter, when real GDP rose 3.2% according to the “second” estimate released by the Bureau of Economic Analysis, beating estimates of a 3.0% print, and 0.3% higher than the “advance” estimate released in October. This was the highest quarterly growth rate since the third quarter of 2014.

Is Advance-Decline Line Divergence A Big Deal? (Spoiler Alert: Yes)

Non-confirmations by the NYSE Advance-Decline Line of new market highs have often signaled major trouble for stocks – will it be the case this time?

Hillary Lawyer Calls On NC GOP Governor To Stop Recount Despite Tighter Race Than WI, MI & PA

"Hello, Pot.  I'm Kettle.  You're black..."

Oil Tumbles As OPEC Deal Seen Increasingly Unlikely: SBC Says "Very Low Chance" Of Agreement

One day ahead of OPEC's much anticipated meeting in Vienna, oil has slid back under $46 on rising pessimism that an oil production cut deal, taken widely for granted as recently as last week, is not going to take place.

Brexit Redux: ECB Ready To Buy More Italian Bonds If Referendum "Rocks Markets"

In a report confirming that the ECB is preparing for a rerun of a post-Brexit scenario, Reuters writes that the ECB is ready to temporarily step up purchases of Italian government bonds if the result of next Sunday's crucial referendum "rocks markets" and sharply drives up borrowing costs for the euro zone's largest debtor. BTP futures briefly spike higher, gaining ~30 ticks in 2 minutes, to session high of 135.46 following the news.

Trump Picks Vocal Obamacare Critic Tom Price As HHS Secretary

In a choice that confirms Trump's intentions to dismantle Obamacare, Reuters reports that President-elect Donald Trump will shortly announce he has chosen vociferous Obamacare critic Tom Price (R. Ga), an orthopedic surgeon from Georgia, as his Health and Human Services secretary to help him overhaul the U.S. healthcare system.

Brazilian Plane Carrying Top Football Team Crashes In Colombia, 76 Dead

A plane carrying 81 people, including top Brazilian football team Chapecoense, heading for the biggest game in its history, crashed on its approach to the city of Medellin in Colombia. 76 of those on board have perished.

Global Stocks Pressured As Oil Slides On OPEC Deal Concerns; US Futures, Dollar Rise

European stocks were little changed and oil fell as investors assessed declining prospects for an OPEC deal and risks from Italy’s referendum. Asian stocks declined, while S&P futures pointed to a fractionally higher open, erasing 3 points from yesterday's drop.

"Europe Will Devalue Or Dissolve..."

It’s hard to overstate the threat posed by these two votes to the EU - the world’s largest economic entity - and by implication to the rest of the global financial system. Italy is the third biggest country in the EU, and France is the second. Let either pull out and the result might be dissolution and the end of the euro. So what does a fiat currency/fractional reserve banking Establishment do when confronted with such a looming catastrophe? What it always does of course: Cut interest rates and ramp up money creation in order to devalue the currency.

Assad On Verge Of Biggest Victory Since Start Of Syrian War With Imminent Capture Of Aleppo

The imminent loss of Aleppo by rebel forces has sent shockwaves of demoralization across the war-torn country. Capturing eastern Aleppo would be the biggest victory for President Bashar al-Assad since the start of the uprising against him in 2011, restoring his control over the whole city apart from a Kurdish-held area that has not fought against him.

Texas Governor Vows To "Ban Sanctuary Cities"

"I'm going to sign a law that bans sanctuary cities. Also I've already issued an order cutting funding to sanctuary cities."

Furious Democrats Blast Stein's Recount Effort As Nothing But A "Scam"

"It’s a waste of time and money. It is not going to change anything.  I think it probably was the Stein people looking for a way to stay relevant, raise some money and take the stink off of them."

Egypt Shuns Washington; Supports Russia-Backed Coalition In Syria

Finally, Egypt has taken a clear stance on Syria. This is an event of great importance to drastically change the situation. Speaking on the Portuguese TV network RTP on November 22, Egyptian President Abdel Fattah al-Sisi publicly affirmed his support for the forces of Syrian President Bashar al-Assad.

Mugabe's "Last Gamble" - Zimbabwe Unleashes Newly-Printed 'Bond Notes' Pegged To The Dollar

One might think that after 92 years, some wisdom may have leaked into the brain of Zimbabwean president Robert Mugabe. But no. As the world's oldest head of state, he has overseen the demise from a post-colonial success to a pariah state wrecked by hyperinflation. However, having apparently learned no lesson from his prior experiences, The Reserve Bank of Zimbabwe has decided to print a new national currency for the first time since 2009.

Sixteen European States Led By Germany Want Arms Control Agreement With Russia

Fifteen European states have supported Germany’s initiative to launch discussions with Russia on a new arms control agreement. Europe is facing a host of security challenges. Launching a meaningful discussion with Russia is logical step to take.

Speculation Soars As Mike Pence Says "There Will Be Very Important Announcements Tomorrow"

With the Trump cabinet filling up, but a number of key positions still to be announced, vice-president-elect Mike Pence told Fox News tonight that "there will be very important announcements tomorrow."

Welcome to the Fillon-Le Pen Cage Match

by Pepe Escobar, Russia Today:
He came (from behind); he saw; he won. Francois Fillon will be the candidate of the French Right in the 2017 presidential elections, and he stands a very good chance of winning, in the second round, against Front National (FN) leader Marine Le Pen.
Fillon is an ultra-traditionalist, family values, “Christian roots of France” kind of guy. In American terms, he would be a “French nationalist” – without the derogatory subtexts. His mantra revolves around the historic strength of French national identity (from Jeanne D’Arc to Voltaire), the basis of national sovereignty, which should be re-emphasized again and again.
Add to the agenda a very hard tack on immigration and on a vague, indistinct “Islam” that’s not conceptualized, as stressing the stark difference between Islam as a religion of peace and Salafi-jihadism as an offshoot of Wahhabism. The French establishment simply cannot afford to antagonize influential client-states/investors such as Saudi Arabia and Qatar. The most specific Fillon gets is that “the Islamic religion accept what all the others have accepted in the past… that radicalism and provocation have no place here.”
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The Hyperinflationary Endgame: Venezuela Currency Crashes 15% In One Day

from ZeroHedge:
Just last week we were amazed to report that the Venezuela currency, the Bolivar, had crashed below 2,000 for the first time ever, losing 50% of its value in just two months as the Venezuela hyperinflation had entered its terminal phase.
As of this morning, the DolarToday.com website, maintained by a person the WSJ dubbed “Public Enemy No. 1 of Venezuela’s revolutionary government, Gustavo Díaz, a Home Depot Inc. employee in central Alabama” reports that having crossed the psychological 2,000 level just one week ago, the Bolivar has just plunged to a new all time low of 3,480.22 on the black market, dropping by 15% from its latest print of 2,972 reported on Friday of last week, and has lost 60% in its value just in the past month.
So for anyone still curious what hyperinflation in real time looks like, here is the visual answer.
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The Corporate Media's Gulag Of The Mind

The final irony in all this: the real enemy of democracy and freedom of the press is The Washington Post and the rest of the billionaire/corporate media. The only way to escape the Corporate Media's Gulag of the Mind is to stop watching their TV channels, turn off their radio stations and stop reading their print/digital propaganda--except of course if you have a taste for dark humor.

Could President Trump Use Reagan’s Playbook?

by Jim Rickards, DailyReckoning:
Let’s apply the Ronald Reagan administration as a frame of reference to examine and compare president-elect Trump. Doing so we can see what expectations might be for the economy going forward.
Ronald Reagan came in, in 1980, and he got a lot of the Trump treatment seen today. He was considered a buffoon, a dope. What did he know? He was a Hollywood guy, how could he be President? Many said that he was unstable. That he was going to start pushing the nuclear button and start World War III. A lot of the things you’ve heard about Trump are exactly what they said about Reagan at the time.
He entered office with a team of advisors and did a lot of things right. He wasn’t alone. He had a lot of help from Paul Volcker, who was at the Fed at the time. It was Reagan and the Fed working together, in sync to turn the US economy around. As soon as Reagan came into office though, the US sunk in a really bad recession, one of the worst since World War II.
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Central Bankers Are Quietly Discussing Taxing Withdrawals From ATM’s

from X22Report:


from InfoWars:
A haunting Tweet from the late journalist Andrew Breitbart has reemerged, which has renewed interest in his mysterious death amid ongoing speculation spurred by the leaked emails of DC insider John Podesta.
Breitbart died mysteriously in the early hours of March 1, 2012 – just hours before his planned release of footage of Barack Obama that he assured would heavily damage the sitting president’s chances of reelection.
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Britain Down The Drain — Paul Craig Roberts

by Paul Craig Roberts, Paul Craig Roberts:
Did you know that Great Britain is going down the drain because the citizens want to remain British?
Did you know that the British are inherently racist, jingoistic, bigots, and obnoxious because they don’t want to become Pakistanis, Syrians, Africans or some multicultural combination?
Did you know that the British people voted to leave the European Union not because they oppose their loss of sovereignty to a foreign and unelected power in Brussels, but because of their hatred and contempt of foreigners, especially the dark-skinned ones that the EU forces them to accept in unlimited numbers?
If you don’t know this, you are not stupid like Brian Cloughley, who lays it out for you in the website strategic-culture.org. Here is the URL for Cloughley’s imbecillic article: http://www.strategic-culture.org/news/2016/11/21/britain-going-down-drain-racism-bigotry-growing.html
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Palladium: Signals of Market Supply Shortage

by David Jensen, Safe Haven:

The imbalance in the London paper metals markets, where unbacked paper contract claims for metal are traded as a substitute for physical metal thus containing precious metals prices, first drew our attention to palladium in 2014 and more recently in March 2015 as the global physical palladium market supply deficit became more pronounced.
There had previously been a crisis in London’s platinum and palladium market in 1997 that had driven the short-term palladium lease rate to 300% p.a.  The London paper metals market was saved in 1997 by Russia providing from its estimated 20M to 25M palladium stockpiles at that time and over the next 17 years to fill the gap between mined and recycled palladium supply and the total global annual demand for palladium.
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Read What Happened When Healthy People Were Given Antidepressants

by Julie Fidler, Natural Society:
Antidepressants are supposed to ease symptoms of depression, but yet another study shows the drugs may actually increase suicidal feelings in users. According to Danish researchers, the new study wrecks “potentially lethal misconceptions” about the safety of antidepressants. [1]
Researchers estimate that 8% to 10% of Americans take an antidepressant. Adults in the U.S. consumed 4 times more of the drugs in the late 2000’s than they did in the early 1990’s. [2]
Are more people depressed now than they were 20 years ago? Probably, yes. But that doesn’t necessarily account for the rise in antidepressant use.
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Bail In Risk – €4 Trillion Banking System In Italy Poses Contagion Risk as Referendum Looms

by Mark O’Byrne, GoldCore:

The Italian banking system looks vulnerable to collapse whether the referendum is passed in Italy or not. Were the referendum passed, it may allow senior Italian and international bankers to further ‘kick the can down the road’ and delay the inevitable.
Financial and economic contagion in the EU is the likely outcome of the financial and political mess that both Italy and other EU states find themselves in. The question is increasingly not if, but when.
Bail-ins are “now the rule” and depositors need to begin preparing by diversifying and not have all their ‘saving eggs’ in the ‘bankers basket’.
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