Friday, March 31, 2017

BREAKING=> KREMLIN CONNECTION CONFIRMED! Podesta Company Paid One Billion Rubles from Russian Govt.

by Jim Hoft, The Gateway Pundit:
The Putin Government gave John Podesta 35 millions dollars (1 billion rubles) while he advised Hillary Clinton and Barack Obama.
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Intel Official Behind "Unmasking" Of Trump Associates Is "Very Senior, Very Well Known"

"Unmasking is not unprecedented, but unmasking for political purposes ... specifically of Trump transition team members ... is highly suspect and questionable. Opposition by some in the intelligence agencies who were very connected to the Obama and Clinton teams was strong. After Trump was elected, they decided they were going to ruin his presidency by picking them off one by one."

Morgan Stanley: Used Car Prices May Crash 50%

For all of you pension funds out there scooping up all of the AAA-rated slugs of the latest auto ABS deals for the 'juicy yield', now might be a good time to review what happened to the investment grade tranches of MBS structures back in 2009...

McCaskill To Oppose Gorsuch, Virtually Assuring Use Of "Nuclear Option"

Senator Claire McCaskill said she will join the Democrats attempted filibuster of Supreme Court nominee Neil Gorsuch and will not vote for him, making it almost certain that Republicans will have to trigger the “nuclear option” to confirm President Trump’s first Supreme Court nominee.

More Dangerous Than The NSA? The Massive Spy Agency You Haven't Heard Of

If you’re one of the countless Americans who was distraught to learn of the revelations made by former National Security Agency (NSA) contractor Edward Snowden, the mere idea that there might be yet another agency out there - perhaps just as powerful and much more intrusive -  should give you goosebumps.

American Healthcare - A Racket Of Rackets

"If you thought banking in our time was a miserable racket - which it is, of course, and by 'racket' I mean a criminal enterprise - then so-called health care has it beat by a country mile, with an added layer of sadism and cruelty built into its operations."

Goldman's 'Analyst Index' Tumbles In March As 'Soft' Survey Data Rolls Over

Since the election, talking heads have crowed about improving economic data (macro- and micro-). However, what they have failed to mention is all of the improvements have been in 'soft' survey and sentiment data, not 'hard' economic figures; and now, judging from the plunge in Goldman Sachs Analyst Index, soft data is starting to lose faith rapidly.


LIBOR is a benchmark reference rate (which explains why some banks were so eager to manipulate it). The pricing of all kinds of floating-rate debt is tied to it (corporate loans, mortgages, student loans, credit card debt, and assorted derivatives, such as currency and interest rate swaps, etc.). That has now become a problem.

NBC Confirms Obama Administration Officials Saved Trump-Russia Probe Docs

Seemingly confirming the incriminating remarks from former Obama Deputy Assistant Secretary of Defense, Evelyn Farkas, on the mad scramble by the Obama administration to collect and preserve intelligence on alleged Russian election hacking before Obama left office, NBC News reports that a former Obama official admits they made a list of Russia probe documents to keep them safe.

Congressional Motto Needed: I Propose “To Rob and Plunder”

by Mish Shedlock, Mish Talk:
I did a search for a Congressional Motto for the US and came up empty.
In the wake of a Republican sellout to Comcast, ATT, and Verizon, a slogan is badly needed.
I propose “To Rob and Plunder“.
What happened?
Yesterday, the Republican House passed a bill that allows internet providers from selling nearly everything you do to the highest bidder.
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What is Globalism and Where is it Going?

by Jon Rappoport, No More Fake News:
“Above all, the Globalist elite considers the human being is nothing more than a biological machine—a machine that is badly programmed, desperately in need of a complete overhaul and restructuring at the level of mind.” (The Underground, Jon Rappoport)
Over the years, I have written much about Globalism. During the 2016 US presidential election, Donald Trump spoke of it often, and in derogatory terms. He brought back, for the public, the concept, which had receded from press coverage. You could say he let the cat out of the bag.
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Russia May Soon Take New ‘SWIFT’ Type Platform and Expand it Through Gold Payments and Bi-lateral Trade

by Kenneth Schortgen, The Daily Economist:
Last week we wrote about Russia finally completing its alternative payment system that now makes it virtually invulnerable to any economic warfare performed by the U.S. through the global SWIFT system. In fact, it has been this exact type of sanction that has stifled economies in Iran, Iraq, North Korea, and even the former Soviet Union during the Cold War.
But while on the surface Russia has indicated that their primary purpose for implementing their new payment system was to defend against the U.S. cutting them off from access to dollars through SWIFT, the fact that they have created several different new economic coalitions over the past five years means that the now have the power to do even more than just protect against U.S. economic aggression.
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MUST WATCH: Professor Stephen Cohen Explains in 5 Minutes Why RussiaGate is 100% Fake News (Video)

by Alex Christoforou, The Duran:
The American public is so stupid, has no agency, that Russian President Putin can manipulate them so easily during a US election.
Russiagate is falling apart and US lawmakers are scrambling to find any strand of evidence, however flimsy, that Russia interfered in the US election.
We even have “Little” Marco Rubio going in front of Congress to say he was hacked by Russia just yesterday. I was hacked by Russia 5 minutes ago. I am sure, you the reader, was also hacked by Russia these last few days as well.
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Russia, China Lay Groundwork For BRICS Transactions in Gold

from Russia Insider:
Recent progress made in streamlining trade in local currencies has brought Moscow and Beijing closer to creating a financial architecture that could facilitate transactions in gold.
As we reported last week, Moscow and Beijing took another step towards de-dollarization with the opening of a yuan clearing bank in Russia. And earlier this month Russia’s Central Bank opened its first-ever foreign branch in Beijing to allow for better communication between Russian and Chinese financial authorities.
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MEDIA DELUDES AMERICANS: Shale Oil Production Suffers Massive Decline Rates

by Steve St. Angelo, SRSRocco Report:
The Mainstream media continues to delude the public into believing cheap shale oil production will make the United States energy independent. We now see articles suggesting that Americans will no longer need to rely upon the Middle East or OPEC for our future oil supply when all we need to do is ramp up our domestic shale oil production. Unfortunately, its not that simple or easy.
Matter-a-fact, the United States will never become energy independent because domestic shale oil production suffers from seriously high annual decline rates. What does that mean? That means, every year the top shale oil fields lose a massive amount of oil production, which can only grow by adding an even higher amount of new oil production… via a tremendous amount of drilling.
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by Paul Joseph Watson, InfoWars:
A disturbing video out of Saudi Arabia shows a man with a stick literally herding veiled young Muslim women with a stick as they wait for their male guardians before being allowed to leave.
The clip shows a man allowing some students to leave before he orders the others to return indoors by banging a stick against a mental hand rail. At the end of the clip he appears to strike one of the women on the head with the stick.
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Brexit Triggered

by Alasdair Macleod, GoldMoney:
And why Britain should succeed in the negotiations
This is the week that Article 50 of the Lisbon Treaty was triggered, and the two years of negotiation between the UK and the EU commenced. Following this period, the UK formally leaves the EU. It is the first time a member state is leaving the EU, so the procedures are untested and the outcome uncertain. But it is not the first Brexit, as historian David Starkey has pointed out. Henry VIII gave similar notice to Rome and through several Acts of Parliament between 1532-34, removed papal powers and tithes, and achieved his Brexit. The chief Remainers, his Chancellor Sir Thomas Moore and Cardinal John Fisher, were executed in 1535.
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by Egon Von Greyerz, Gold Switzerland:
The US owes the world 453,000 tonnes of gold which is almost 3 times all the gold ever produced in history.
Whilst market observers worry about what the Fed will do next or the health bill, nobody sees that the the US is on the way to total ruin by running budget deficits for over half a century and trade deficits for over 40 years. It seems that the US economy is walking on water, and this opinion is fuelled by seasoned commentators like Ambrose Evans-Pritchard in the UK’s daily The Telegraph. In a recent article, he uses selective data to prove that “The American strategic decline is a myth”.
So here is another journalist who falls for manipulated statistics and focuses on the wrong things. For example, it definitely is not a proof of a strong economy that the Americans buy an enormous number of new cars which they don’t need. Especially since they do it with subsidised credit, leading to massive bad debts that will never be repaid. Nor are the deficits, falling wages, 23 % real unemployment and falling real GDP a myth.
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Jim Rogers Just Said Something Fascinating...

by Matt, SGT Report:
Having just returned from Prague for a few days I’ve been behind on some podcasts that I normally listen to, a small list of YouTube interviews had built up and I’ve been gradually working my way through them.
The one I want to highlight here is a podcast from the ‘Ask The Expert’ series featuring Jim Rogers with Craig Hemke on behalf of Sprott Money. At just under 2 minutes into it Mr Rogers said something that made me sit bolt upright.
“Historically, once the Fed raises interest rates 3 times, it usually means the stock market is going to have problem. If it doesn’t happen after 3 times, historically it’s always happened after 4 times. So we will have another interest rate hike and that may be the death knell for the stock market and maybe even for the economy.” – Jim Rogers
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Morgan Stanley: Used Car Prices May Crash 50%

For all of you pension funds out there scooping up all of the AAA-rated slugs of the latest auto ABS deals for the 'juicy yield', now might be a good time to review what happened to the investment grade tranches of MBS structures back in 2009...

Rig Count Continues To Threaten Oil Price Recovery, Saudis Cut Prices To Asia (Again)

For the 11th week in a row, the number of US oil rigs rose (up 10 to 662 - the highest since September 2015). And worse still, there are thousands of drilled shale wells are sitting idle, unfracked and uncompleted. That supply sitting on the sidelines will put downward pressure on any new oil price rally... which may explain why the Saudis have just cut prices to Asia once again.

China's Record Iron Ore Glut: Enough To Build 13,000 Eiffel Towers

"That's too much of stock" said Li Xinchuang, vice chairman at China Iron and Steel Association. "It will be very dangerous for the price. That's what's very worrying about it." One foreign trading sources said "we have a fleet of vessels on their way to China with no buyers. We're trying to find buyers."

Our Economies Run On Housing Bubbles

We want growth by default, we want growth for growth’s sake, without caring much where it will lead us. Maybe we think unconsciously that as long as we can secure growth, we can figure out what to do with it later. But it doesn’t work that way...

McCain Furious At Rex Tillerson For Saying Assad Can Stay

"You pick and choose your battles and when we're looking at this, it's about changing up priorities and our priority is no longer to sit there and focus on getting Assad out," U.S. Ambassador Nikki Haley said. "Do we think he's a hindrance? Yes. Are we going to sit there and focus on getting him out? No."

The EU's Draft Brexit Guidelines Look Anything But Punitive

European Council President Donald Tusk is a man of his word. He promised he would have a first draft of the Brexit negotiating guidelines for the 27 remaining EU member states ready within 48 hours from the moment the UK triggered the Article 50 exit mechanism – and he delivered. Overall, the document reads as anything but punitive.

UMich Confidence Measure Disappoints Amid "Rising Uncertainty Due To The Partisan Divide"

"Democrats expect an imminent recession, higher unemployment, lower income gains, and more rapid inflation, while Republicans anticipate a new era of robust growth in incomes, job prospects, and lower inflation. It is a rare situation that combines increasing optimism, which promotes spending, and rising uncertainty which makes consumers more cautious spenders."

Chicago PMI Jumps To 2 Year Highs Despite Plunge In Employment Index

The good news - another 'soft' survey data item inches to a new post-Trump high as Chicago PMI rises to 57.7 - highest since Jan 2015. However, the bad news is that exuberant hope is not translating into hard reality as the employment sub-index collapsed into contraction.

Gold Jumps As "Dovish" Dudley Sees The Light On 'Hard' Economic Data, Warns Of Q1 Weakness

It may be the fastest transition from a "hawkish" to "dovish" stance by a Fed talking head in history...

How To Protect Your Online Privacy Now That Congress Sold You Out

All your private online data—the websites you visit, the content of your chats and emails, your health info, and your location—just became suddenly less secure. Not because of hackers, but because Congress just blocked crucial privacy regulations. This will allow your internet service provider to collect all your data and sell that info to the highest bidder without asking you first.

The World’s First Pension Crisis

by Simon Black, Sovereign Man:
In the late in the 5th century BC, the government of ancient Rome came up with a new idea that has lasted for thousands of years.
I’m not talking about their roads, republican form of government, or water sanitation.
Their bold idea was to start paying retirement benefits to Roman soldiers.
This was a pretty big deal. In ancient times, you worked until you died. There was no such thing as retirement.
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Is Leftist Shill Noam Chomsky Preparing Us For A False Flag Terrorist Attack

by Jeff Berwick, The Dollar Vigilante:
I heard yesterday that a famous anarchist had stated that he expected the Trump regime could conduct a false flag terror attack.
My first question was, “There’s a famous anarchist?”
It turns out that it was Noam Chomsky. And, no, he’s not an anarchist. He’s a big government communist.
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The Case for Socialized Medicine

by John Browne, Euro Pacific Capital:
Last week the American political establishment was shaken to its foundation when the Republican Party leadership withdrew the American Health Care Act (AHCA) just before the vote was to be taken on the floor of the House of Representatives. Besides being a most unusual procedure, it exposed a fundamental split in the country,reflected not merely in Congress but within the Republican Party. GOP purists, represented by the House Freedom Caucus, demanded more significant roll backs in socialized medicine that were contained in the Ryan plan. Their refusal to back the plan, after years of promising complete repeal, doomed the bill.
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Congress Sold Your Privacy to the Corporations

by Dave Hodges, The Common Sense Show:
Thanks to George W. Bush, the 4th Amendment is history. Among the casualty of Deep-State-related Presidents, spanning the past 24 years, the Constitution is on life-support.
America held out hope that Donald Trump would save Americans from the greedy and immoral, fascist corporations. It appears that the support that was promised to protect America from corporate interests was an empty campaign promise. To those who blindly support Trump, without condition, I say you are naive. IF TRUMP ALLOWS THE FOLLOWING LEGISLATION TO BECOME LAW, HE JUST TOLD YOU WHO HE IS GOING TO SUPPORT THROUGH THE LIFE OF HIS ADMINISTRATION.
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Martin Armstrong – Dow 42,000

by Kerry Lutz, Financial Survival Network:
Since we started talking with Martin Armstrong years ago, he’s been adamant in his belief that the stock market was heading higher. And he’s been right. Perhaps it hasn’t gone up as fast as he expected, but it has continued to make new highs. He’s not backing down now. Businesses and the wealthy are putting their money into the market because they’ve lost confidence in governments around the globe. They believe their capital is safer in the stock market than in government bonds, the Euro, European Banks and elsewhere. Governments are on a rampage against the populace. It’s all about survival. In their current configuration, they cannot survive. They’re in an unsustainable death spiral. But rather than admit that and restructure, they have gone the route of confiscation and authoritarianism. In the long run it won’t work, but for now they’ve got nothing to lose.
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5 Reasons to Keep a Bottle of Apple Cider Vinegar in Your Kitchen

by Russel Davis, Natural News:
Experts have touted the benefits of apple cider vinegar for years. While many health claims such as improved heart health and metabolism have been circulating the internet, has compiled five old-fashioned uses of the vinegar.
Apple cider vinegar’s long-forgotten benefits
Apple cider vinegar has gained greater popularity in both the medical and aesthetics community due in part to its apparent benefits. Apple cider vinegar has been linked to better blood sugar levels, improved detoxification, and free radical eradication. The vinegar has a long history of use before the advent of modern medicine. In this article, we will revisit some of the previously touted benefits of apple cider vinegar.
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The Ticking Time Bomb That Will Wipe Out Virtually Every Pension Fund In America

by Michael Snyder, The Economic Collapse Blog:
Are millions of Americans about to see the big, juicy pensions that they were counting on to fund their golden years go up in flames in the biggest financial disaster in U.S. history? When Bloomberg published an editorial entitled “Pension Crisis Too Big for Markets to Ignore“, it simply confirmed what a lot of people already knew to be true. Pension funds all over America are woefully underfunded, and they have been pouring mind boggling amounts of money into very risky investments such as Internet stocks and commercial mortgages. Just like with subprime mortgages in 2008, this is a crisis that everyone can see coming well in advance, and yet nothing is being done about it.
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Fake News And Real Money

by Dave Kranzler, Investment Research Dynamics:
But the most brilliant propagandist technique will yield no success unless one fundamental principle is borne in mind constantly and with unflagging attention. It must confine itself to a few points and repeat them over and over. Here, as so often in this world, persistence is the first and most important requirement for success. – Adolf Hitler
Propaganda, also known as “fake news,” has become the norm in mainstream media reporting. Somehow the idea of Russia hacking the DNC computers morphed into the generic, “Russia hacked the election.” Per Hitler’s formula, Hillary Clinton introduced the idea during one of the presidential debates and kept repeating it until the press seized it and ran all the way with to the end zone with “Trump is a Russian ally.” Now Congress is pre-occupied with the fraudulent charge that Russia is controlling U.S. politics. The whole spectacle is beyond idiotic.
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Here’s Why Italy’s Banking Crisis Has Gone Off the Radar

by Don Quijones, Wolf Street:
Just how many banks are insolvent? Turns out, a lot! But elections are coming up.
For a country that is on the brink of a gargantuan public bailout of its toxic-loan riddled banking sector, or failing that, a full-blown financial crisis that could bring down the European financial system, things are eerily quiet in Italy these days. It’s almost as if the more serious the crisis gets, the less we hear about it — otherwise, investors and voters might get spooked. And elections are coming up.
But an article published in the financial section of Italian daily Il Sole lays out just how serious the situation has become. According to new research by Italian investment bank Mediobanca, 114 of the close to 500 banks in Italy have “Texas Ratios” of over 100%. The Texas Ratio, or TR, is calculated by dividing the total value of a bank’s non-performing loans by its tangible book value plus reserves — or as American money manager Steve Eisman put it, “all the bad stuff divided by the money you have to pay for all the bad stuff.”
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Huma Abedin: Military Funeral Planned For ‘Dying’ Hillary Clinton

by Baxter Dmitry, Your News Wire:
Hillary Clinton is dying and Huma Abedin is planning her funeral, according to emails between the former presidential candidate and her top aide made public by Judicial Watch on Wednesday.
The emails also reveal that Hillary Clinton is demanding a full military funeral, involving a motorcade through Washington D.C. as part of a massive State-funded celebration of her life.
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