Thursday, November 17, 2016

War-Torn Hillary Emerges: "I Will Admit, Coming Here Tonight Wasn't The Easiest Thing"

"I know many of you are deeply disappointed by the results of the election. I am too, more than I can ever express.  There have been times this past week when all I wanted to do was just to curl up with a good book or our dogs, and never leave the house again."

Is President-Elect Donald Trump Reneging Even Before Inauguration?

by Catherine J. Frompovich, Activist Post:

What happened to the Donald Trump who ‘took out’ sixteen wannabee Republican candidates during the primaries stump, and also castigated Hillary Clinton as a criminal who belonged in jail?
If you listened to the 60 Minutes Leslie Stahl interview of President-elect Donald J. Trump, Sunday, November 13th, you probably heard, as I did, a different Donald J. Trump!  I was totally flabbergasted by what I heard and wondered “what the heck is going on?”  Have voters been duped again?  Are we experiencing a rerun of another “change” candidate like we had for the last eight years?  That kind of change we certainly don’t need, in my opinion—especially increasing the national debt to another all-time high or ‘recycling’ former administration neocons!
Consider how Trump is backpedaling about ObamaCare, which he promised to “repeal,” but now is reconsidering keeping some of its “important aspects.”
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'Useful' List Of False, Misleading, Clickbait-y, And/Or Satirical "Real News" Sources

Having trouble makes sense of what news is real and what news is fake. Worry no more, The Duran has compiled a list of news sources you should avoid at all costs...

Huffington Post Owner AOL Lays Off 5% Of Staff: 500 Workers Lose Their Jobs

The media bloodbath continued this morning, with another 500 workers, or 5% of the total staff, set to be let go by AOL. In a memo to staffers, CEO Tim Armstrong said that “based on our strategy and the changes we see in the industry, we are reshaping parts of the company today... The company ... will be aligned to drive a talent and operations plan in line with profitability."

America Cannot HEAL Until We Stop the Left Wing Media HATE

by Mike Adams, Natural News:
As I’m asking myself when I’m going to return Natural News to its usual format of covering health, nutrition and disease prevention, I’m struck by the realization that the left wing media is now the single greatest cause of psychological stress and mental illness in America. While Hillary Clinton’s campaign slogan was “Stronger Together,” the mainstream media has decided to pursue a campaign of division, sabotage and hate. It is unacceptable. It must be stopped.
It’s now obvious to me that America cannot HEAL until we stop the left wing media HATE machine. The same media outlets that heaped unlimited praise upon Barack Obama for eight years have set their sights on sabotaging the Trump administration even before it starts, vomiting out vicious, scripted attacks on Donald, Melania and even Steve Bannon, who, they have absurdly labeled an anti-Semite without a shred of evidence to support the accusation.
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Zero Hedge Targeted On Liberal Professor's List of "Fake News" Sources

"Below is a list of fake, false, or regularly misleading websites that are shared on Facebook and social media..."

Elizabeth Warren Defines Sleazy Hypocrisy

by Dave Kranzler, Investment Research Dynamics:
Look in the dictionary under the term “hypocrisy” and there has to be a picture of Elizabeth Warren. Her latest beaut is sending a letter to Trump criticizing his transition team’s ties to Wall Street.
Yet, how come Obama never received the same type of letter from her? Obama’s entire cabinet from 2008 to now is riddled with Wall Streeters. By the way, Lizzie, when the AG and former AG have law practices built around keeping Wall Street out of jail, that is a “tie to Wall Street.” I guess it’s a matter of convenience to overlook the fact that both Treasury Secretaries are and were deeply tied to Wall Street.
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More Stagflationary Signals Emerge As Philly Fed Misses

Philly Fed missed expectations, dropping modestly from 9.7 to 7.6 in November. The number of employees has now contracted for 10 straight months and while new orders were marginally higher, the outlook for business tumbled to 9-month lows, which combined with the highest prices paid since July 2014 flashes a loud stagflationary warning that all is not well.

Core CPI Remains Above Fed Mandated 2% For 12th Month As Cost Of Living Surges Most Since 2007

Consumer Prices have now risen at a pace faster than the Fed's mandated 2% YoY for 12 straight months. While Core CPI printed slightly lower than expected, energy (up 3.5% MoM) dominated overall cost of living increasesand Housing/Shelter rose (with rent up 3.8% YoY).

Housing Starts Smash Expectations, Soar By Most Since 1982 To Nine Year Highs

Total housing starts soared by 25.5% sequentially in October, the biggest one month surge since July 1982, spiking from 1,054K to a whopping 1,323K, smashing expectations of 1,156K, driven by surges across virtually all regions, but most notably the Northeast and Midwest, where starts soared by more than 44%, while starts in the South and West rebounded by 17.9% and 23.2% respectively.

Initial Jobless Claims Collapse To Lowest In 43 Years - The US Economy Fell Into Recession Immediately After

After an ugly October, November has seen two straight weeks of improvements in initial jobless claims (plunging 11.6%, 31k - the most since Jan 2015 - to 235k). This is the lowest initial jobless claims since Nov 1973... The US Economy fell into recession the next month.

Yellen Warns Of Excessive Risk-Taking In Testimony, Says Hike "Appropriate Soon", No Mention Of Election

Janet Yellen signalled that the US central bank is reluctant to delay its next increase in short-term interest rates "for too long", warning that keeping rates on hold could spur excessive risk-taking and adding that a rate hike could be appropriate "relatively soon." Yellen is due to say on Thursday morning that as the Fed sees the case for a rise in rates continuing to strengthen it "must remain forward looking in setting monetary policy".

Confusion Reigns Ahead Of Trump's Meeting With Japanese Prime Minister

Ahead of Trump's first meeting with a foreign leader when the billionaire sits down with Japan PM Abe, details about the meeting remain unclear, with Trump's transition team not responding to requests for comment. As of last night, Japanese officials said they had not finalised when or where in New York it would take place, who would be invited, or in some cases whom to call for answers. Perhaps Abe will make an appearance at the Trump Tower?

Walmart Misses On Revenue, Comps; EPS Beats Thanks To Lower Tax Rate; Operating Income Slides

Retail giant Walmart reported adjusted Q3 EPS of $0.98, beating expectations of $0.96, despite a reported $0.03 hit to the bottom line due to currency impact; the company beat EPS due to a lower provision for income taxes, after it reduced its effective tax rate from 33.8% to 29.3%. Had WMT used its prior year effective tax rate, it would have missed EPS by 5 cents, reporting $0.91 instead.

Carl Icahn Says Stock Rally May Be Overdone, Calls Trump A "Consensus Builder"

Having turned decidedly bullish in the immediate aftermath of the Trump victory, his supporter Carl Icahn said the strong rally in U.S. stocks since last Wednesday's "shocking" event might be overdone, however he added that investors can expect the president-elect to be a consensus builder who can help fix Washington and improve the economy. "When it runs up like this, I scale off a little bit," Icahn said adding "that doesn’t mean that I am that negative or positive."

BOJ "Fires Warning At Bond Market" Sending Global Yields, Dollar Lower; All Eyes On Yellen

Global bond yields and the dollar both weakened after the Bank of Japan offered to buy an unlimited amount of debt at fixed yields, stabilizing the global bond rout, while investors awaited testimony from Fed Chair Janet Yellen that will help shape the outlook for interest rates ahead of a December rate hike that is now seen as near certain.

If you allow this to happen...You and all generations to come ...will all be dept SLAVES...

War On Cash Intensifies: Citibank To Stop Accepting Cash At Some Branches

Less than a week after India’s surprise move to scrap its highest denomination cash notes, another front in the War on Cash has intensified down under in Australia...

India Bans Cash, Now Gold?

from The Daily Bell:
India gold import ban rumored … The Indian Bullion and Jewellers Association has warned members of a potential gold import ban … The association told Indian media the move could come by March 31 as part of the government’s ‘black money’ crackdown. –Mining Journal
Prime minister Narendra Modi recently decided to confiscate the cash of hundreds of millions of Indians, and now he may forbid Indians from importing gold.
This would have an immediate effect on gold supplies as India, despite the affinity of citizens for gold and silver, has very little in the way of domestic mining.
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Saudis, China Dump Treasuries; Foreign Central Banks Liquidate A Record $375 Billion In US Paper

It is official: Trump or no Trump, foreign central banks, SWFs and virtually every other official institution in possession of US paper, and as of this month, private investors too, are liquidating their Treasury holdings at a record pace.

Trump's Election May Strain The Euro To The Breaking Point

Even if Mr. Trump’s administration does not buy wholesale into the neo-isolationist ideology he espoused during the election campaign, it won’t simply champion the cause of the globalists. As a result, the European integration project will be deprived of its most powerful intellectual and political advocate.

Giddy Russians Seek To Rename Street After Donald Trump To "Make Our City Great Again"

"With a street named after Donald Trump we can make Ryazan great again."

Australia Snubs Obama, Dumps TPP, Opts For China-Sponsored Trade Deal

Australia’s trade minister announced “Australia would work to conclude new agreement among 16 Asian and Pacific countries that excludes the US.”A trade deal 11 years in the making is now dead. Don’t blame Trump. TPP died on its own merits.

World Suffers From Trump Shell Shock - Here's What Will Happen Next

"Even if Trump is a legitimate anti-establishment conservative, his entry into the Oval Office will seal the deal on the economic collapse, and will serve the globalists well. The international banks need only pull the plug on any remaining life support to the existing market system and allow it to fully implode, all while blaming Trump and his conservative supporters."

Illinois Pension Funding Ratio Sinks To 37.6% As Unfunded Liabilities Surge To $130 Billion

How long can the Illinois pension ponzi persist with massive annual increases in liabilities and negative returns on assets?  Taxpayers are going to have a lot of fun picking up this $130 billion tab.

11 Very Depressing Economic Realities That Donald Trump Will Inherit From Barack Obama

by Michael Snyder, The Economic Collapse Blog:
It would be a grave mistake to understate the amount of damage that has been done to the U.S. economy over the past eight years. In this article, I am going to share some economic numbers with you that are extremely sobering. Anyone that takes a cold, hard, honest look at the numbers should be able to see that our economy is in terrible shape. Unfortunately, the way that we see things is often clouded by our political views. Up until the election, Democrats were far more likely then Republicans to believe that the economy was improving, but now that is in the process of completely reversing. According to Gallup, only 16 percent of Republicans believed that the economy was getting better before the election, but that number has suddenly jumped to 49 percent after Trump’s election victory. And the percentage of Democrats that believe that the economy is getting better fell from 61 percent to 46 percent after the election. Here are some additional details from Gallup
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Three Federal Studies Show Fed’s Stress Tests of Big Banks Are Just a Placebo

by Pam Martens and Russ Martens, Wall St On Parade:
The only thing standing between the American people and another apocalyptic financial collapse among by the biggest banks on Wall Street is the Federal Reserve’s stress tests and capital requirements. After Wall Street laid waste to the U.S. housing market and economy from 2008 through 2010, while propping itself back up with a feeding tube from the taxpayers’ pocketbook, the Obama administration passed the Dodd-Frank financial reform legislation in 2010. It wasn’t so much legislation as it was an illusory 2300 pages of rules that might someday get implemented in a meaningful way if President Obama appointed tough cops to his financial regulatory bodies – which he decidedly did not do.
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Who’ll Get Hit by Fallout from the $11-Trillion Commercial Property Bubble in the US?

by Wolf Richter, Wolf Street:
It’s the banks they’re worried about.
Warnings about the loans, bonds, and commercial-mortgage-backed securities (CMBS) tied to the vast $11-trillion commercial property sector in the US have been hailing down for months. Moody’s Investor Services just warned about the rising delinquency rate of some $360 billion in CMBS it rates. Delinquencies of 60+ days jumped from 4.6% last year to 5.6% in September.
Fitch Ratings has been fretting about valuations in the sector, and CMBS, for months. “Valuation and lending trends are not sustainable in the medium term,” it said most recently in its November report. It pinpointed debt backed by apartment buildings as a particular trouble spot. But now it’s also fretting about construction loans, which “experienced the highest loss severity in the last crisis, and we expect a similar trend in the next downturn,” it said.
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from Harvey Organ:
It seems that Shanghai pricing is higher than the other two , (NY and London). The spread has been occurring on a regular basis and thus I expect to see arbitrage happening as investors buy the lower priced NY gold and sell to China at the higher price. This should drain the comex.
Also why would mining companies hand in their gold to the comex and receive constantly lower prices. They would be open to lawsuits if they knowingly continue to supply the comex despite the fact that they could be receiving higher prices in Shanghai.
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Trump Must NOT Pick Neocon John Bolton as US Secretary of State

from Sputnik:
US President-elect Donald Trump should not consider former George W. Bush diplomat and neoconservative John Bolton to be secretary of state because he has a hawkish record that includes supporting the invasion of Iraq and calling for all-out war in Syria despite Russia’s presence there, US Senator Rand Paul said on Tuesday.
The fact that Russia has had a base in Syria for 50 years, Paul continued, has not deterred Bolton from calling for an “all out, no holds barred” war in Syria, not to mention the fact he backed the US invasion of Iraq in 2003.
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“What a Crock”: Clinton Delivers Meaningless Statement on DAPL Clash

from Underground Reporter:
No longer able to sit on the sidelines and remain silent about the battle raging in North Dakota over Indigenous rights to clean water and sacred land, Democratic presidential nominee Hillary Clinton released a statement on Thursday about the Dakota Access Pipeline (DAPL) fight—and it says “literally nothing.”
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