Wednesday, December 28, 2016

HuffPo Turns On Obama: He Presided Over The "Destruction Of The Democratic Party"

"You look at the destruction of the Democratic Party under Barack Obama’s leadership and you have to wonder, what was the political -- what were the electoral benefits that he gave to the party? The states are decimated, they lost control of the House and Senate, the governorships are decimated."

New Year’s Resolutions for Donald Trump and US Congress

by Dr Ron Paul, Market Oracle:
In the spirit of New Year’s, here are four resolutions for president-elect Trump and Congress that will enable them to really make America great again:
1) Audit the Fed….and then end it: The Federal Reserve Bank’s easy money polices have eroded the American people’s standard of living and facilitated the growth of the welfare-warfare state. The Fed is also responsible for the growth in income inequality. Yet Congress still refuses to pass Audit the Fed, much less end it.
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Is 100% Of "US Warming" Due To NOAA Data Tampering?

"NOAA has always known that the US is not warming...All of the claims in the Climate Central article are bogus. The US is not warming and 2016 was not a hot year in the US. It was a very mild year."

It's The Dollar, Stupid!

We expect global monetary authorities to protect the dollar as long as they can and we expect them to fail. Stocks and bonds will react violently; stocks and weak credits falling, treasuries prices rising (at first). That failure will lead to hyperinflation – not driven by demand, but rather by central bank money printing. A new global monetary understanding will then emerge.

Trump Announces Sprint Bringing 5,000 Jobs Back To US, Says UN Might Be "Waste Of Time & Money"

Trump said Sprint Corp and a U.S. satellite company OneWeb will be bringing a total of 8,000 jobs to the United States, celebrating the moves as a result of optimism associated with his election. It was unclear how the 8,000 jobs are related to a $50 billion investment announced recently by Japan's SoftBank, which is associated with both companies. SoftBank's head Masayoshi Son said at the time his investment would create 50,000 jobs.

White House Issues Statement On Phone Call Between Obama And Trump

According to the White House, Obama called Trump on Wednesday morning from Hawaii, and noted that the call was “positive” and focused on “continuing a smooth and effective transition.”  Trump later confirmed, saying "He called me, we had a very nice conversation. We had a general conversation. Very, very nice."

Will Investors Get 'Hustled' By The Pros In 2017?

If you think you’re hearing a wee bit of a mixed message emanating from households and businesses, you’re not losing your marbles. If the stars don’t align perfectly, if the sequel doesn’t best the original, smaller investors might want to wise up to the fact that they’re being hustled by the equivalent of professional gamblers.

George Soros Conjures Hitler In Attack On 'Ascendant Populists', Warns "Democracy Is Now In Crisis"

Open societies are in crisis, and various forms of closed societies – from fascist dictatorships to mafia states – are on the rise. Because elected leaders failed to meet voters’ legitimate expectations and aspirations, electorates have become disenchanted with the prevailing versions of democracy and capitalism. Open society needs defending...

Federal Appeals Court Revives Hillary Email Case Leaving Key Decision To Trump's Attorney General

“This ruling means that the Trump Justice Department will have to decide if it wants to finally enforce the rule of law and try to retrieve all the emails Clinton and her aides unlawfully took with them when they left the State Department.”

More Bad News For NYC Real Estate As Luxury Co-Op Contracts Collapse 25%

"The data right now has a big, red circle on it that says this sector is in trouble."

Obama To Announce "Retaliation" Measures Against Russia As Early As Tomorrow

With Obama vacating the White House in just over three weeks, the outgoing president seems hell bent on making relations between the US and Russia as untenable as possible in his last days on the job and, ignoring today's warning that Russia would immediately respond to any US sanctions, is expected to announce a series of "retaliatory" measure against Russia for "meddling in the US election" as soon as Thursday, CNN reports.

How Government Regulation Makes Us Poorer

"...the issue of exploitation, and especially how to get rid of it, is a matter of finding the real and ultimate cause of the situation. It’s usually not a matter of employers having “power” over the worker. Such power does not occur naturally, but is caused by something, and my argument suggests that the employers’ economic power is a symptom, but not the cause. The real cause is government regulation."

House Flipping Makes A Comeback As 2016 Volume Soars To Highest Since 2007

“Anybody and everybody is getting into the business of house-flipping—that’s when you know it’s the end of the rope.”

Obama administration is close to announcing measures to punish Russia for election interference

by Ellen Nakashima, washingtonpost:
The Obama administration is close to announcing a series of measures to punish Russia for its interference in the 2016 presidential election, including economic sanctions and diplomatic censure, according to U.S. officials.
The administration is finalizing the details, which also are expected to include covert action that will probably involve cyber-operations, the officials said. An announcement on the public elements of the response could come as early as this week.
The sanctions portion of the package culminates weeks of debate in the White House on how to revise a 2015 executive order that was meant to give the president authority to respond to cyberattacks from overseas but that did not cover efforts to influence the electoral system.
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Dean: Biggest Help To Dems Will be ‘Erratic’ Trump Scaring the ‘Hell’ Out of People

by Pam Key, InfoWars:
Tuesday on MSNBC, former Vermont governor and DNC Chair Howard Dean said going forward the biggest help to the Democratic Party regaining power will be President Donald Trump, who he said “was going to be unbelievably erratic and scare the hell out of a lot of people who voted for him.”
Dean said, “I hate to say this but I think the biggest help to the Democrats going forward is Trump is going to be unbelievably erratic and scare the hell out of a lot of people who voted for him. And they already are. If a lot of those folks in Kentucky and West Virginia lose their health insurance, which is absolutely going to happen, because those are the two states that are most dependent on Obamacare, there’s going to be hell to pay for the Republican Party.”
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The Real Reason for Government Banking Solutions

from The Daily Bell:
This is a bad season for banking around the world and especially in Italy where major banks are under water.
Central banks are supposed to protect banks but who really believes that? In the modern era especially central bank protection has often involved government refinancing.
From the point of view of central banking, the health of the whole system is more important than the health of an individual component. That’s one reason why Italy’s oldest bank was just bailed out.
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Exclusive: Jim Rogers Discusses Market Bubbles and One Big Regret

by Kim Iskyan, The Street:
Legendary investor Jim Rogers isn’t afraid of the unknown.
In fact, he made his fortune by investing where others feared to tread.
Rogers made a name for himself in the 1970s after founding the Quantum Fund with George Soros. The fund had gains of 4,200% in 10 years.
Rogers has traveled widely and is known for pioneering the boots-on-the-ground approach to investing in emerging and frontier markets around the world.
From his world travels and decades of investment experience, he has penned a range of best-selling books that blend investment insight, political commentary and travelogue. There are many lessons to be learned from these books.
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Artificial Intelligence Replacing Management at World’s Largest Hedge Fund

by Jake Anderson, The Anti Media:
The impending evisceration of the global job market by artificial intelligence and robotic automation is well-trodden territory. Various estimates suggest the American employment mill could shrink by 30% by the year 2025. The United Nations’ assessment is even grimmer. They project two-thirds of the human workforce will be replaced in the next decade. Usually, the major sectors included in these loss reports are manufacturing, retail, and blue collar jobs. However, a new analysis suggests white collar jobs are not immune, and now the world’s largest hedge fund is replacing its managers with artificial intelligence.
The firm Bridgewater Associates, which manages $160 billion worth of assets, tasked a team of its engineers with creating AI software that can automate decision-making and eliminate emotion from financial analysis. Leading the effort is the same man, David Ferrucci, who helmed IBM’s supercomputer Watson, which became famous in 2011 for beating humans at Jeopardy!
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How To Make Self Rising Flour

by Ken Jorgustin, Modern Survival Blog:
Self rising flour does not require yeast. Dry yeast has an approximate shelf life of about 4 months after it’s opened (and if kept refrigerated – although your own results may vary), while the shelf life of the key ingredient in self rising flour is about 2 years and does not require refrigeration.
So lets make some biscuits…
(Re-posted for your interest)
The key ingredient to self rising flour is baking powder. Baking powder is a leavening agent that releases carbon dioxide when moistened. This produces air bubbles in baked goods which cause them to expand and become lighter while baking.
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India’s Prime Minister Has Singlehandedly Crushed the Economy with His Reckless Cash Ban

by Michael Krieger, Liberty Blitzkrieg:
Today’s piece should be seen as a bit of a followup to yesterday’s post, India’s Demonetization Debacle Highlights the Dangers of Monetary Monopoly. While yesterday’s piece was more philosophical/strategic in nature, today’s zeroes in on some of the devastating real world impacts of Narendra Modi’s insane and inhumane cash ban. It’s hard to overstate the damage this policy has done to India’s economy. Modi is quickly solidifying his place as one of monetary history’s biggest idiots.
First, let’s take a look at the destructive impact the move has had on India’s massive small businesses community. The Washington Post reports:
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Many of the World’s Best Investors Made Their Fortunes This Way… And You Can, Too

by Doug Casey, Casey Research:
Justin Spittler, editor of Casey Daily Dispatch: Nick, your advisory is called Crisis Investing. Could you explain what “crisis investing” is?
Nick Giambruno: Crisis investing is basically buying elite companies in beaten-up countries or industries. When there’s a crisis, most people only see danger. But it’s actually an opportunity. A crisis often allows you to buy a dollar’s worth of assets for a dime…or less.
Many of the world’s greatest investors have made their fortunes this way…but anyone can do it. You don’t need to be rich or well connected. You don’t even need to travel to do it.
In fact, if you have a regular brokerage account—and the courage to buy when others are fearful—you’re all set.
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