Thursday, March 30, 2017

CBO Warns Of Fiscal Catastrophe As A Result Of Exponential Debt Growth In The U.S.

"The resulting losses for mutual funds, pension funds, insurance companies, banks, and other holders of government debt might be large enough to cause some financial institutions to fail, creating a fiscal crisis."

Did The EPA Just Go Rogue Again

"With this Executive Order, President Trump has chosen to recklessly bury his head in the sand. Walking away from the Clean Power Plan and other climate initiatives, including critical resiliency projects is not just irresponsible — it's irrational."

Are Markets Overlooking A Clear & Present Danger?

Economic cycles do not last indefinitely. While fiscal and monetary policies can extend cycles by “pulling forward” future consumption, such actions create an eventual “void” that cannot be filled. In fact, there is mounting evidence the “event horizon” may have been reached as seen through the lens of auto sales.

Watch Live: Senate Holds First Open Hearing On Russian Election Interference

Today the Senate Intelligence Committee is holding its first open hearing in its investigation into Russian interference in the election.  The two-part panel, will first question academics on Russian influence operations, then turn to a cybersecurity company that confirmed the original hack of the Democratic National Committee (DNC) last summer.

Nunes 'Source' Was A "Whistleblower-Type", Ryan Says

As the imbroglio within the House Intel Committee continues with Democrats refusing the listen to the 'message' without knowing who the 'messenger' was, Speaker Ryan provided a little more color on the source of Devin Nunes' information about incidental surveillance of President Trump’s team.

After "Quite A Week", Trader Asks If There Has Been Any "Actual 'New' News"

"Jeez Louise, it’s only Thursday and it’s been quite the week. We need to ask, is there actually “new” news, after only a very few days, we should we consider before flipping our coins anew? It really matters when updating your priors to sift through signal versus commotion. And accept that error terms haven’t been shrinking."

China's President To Meet Trump Next Week; Putin "Ready" For Meeting In Finland

China's Foreign Ministry announced that China's president Xi Jinping will meet with President Trump at Mar-a-Lago in Florida on April 6-7. It will be Xi's first meeting with Trump, and comes at a time when the two sides face pressing issues. Meanwhile, Vladimir Putin also said that he is "ready" to meet Trump in Finland.

Frontrunning: March 30

  • Trump’s Border Wall: A Tall Order (WSJ)
  • Trump’s Hope for Rapid Reset With Russia Fades (WSJ)
  • China's Xi to meet Trump in Florida next week (Reuters)
  • U.S. Softens Call for Shift on Nafta (WSJ)
  • ESPN Has Seen the Future of TV and They’re Not Really Into It (BBG)
  • Inside the Leadership Shakeup at Merrill Lynch (BBG)

S&P Futures Fade Overnight Gains As Euro Slides; China Stumbles

Asian shares and oil are lower, European shares are little changed, and S&P futures are fractionally in the red after gaining for most of the overnight session, perhaps troubled by warnings by two Fed presidents who warned that markets and valuations appear frothy, and the Federal Reserve may have to raise rates more times than currently forecast.

You Know It's A Global Debt Bubble When...

With analysts noting that markets are "taking the Fed's tightening policy in their stride," demand for emerging-markets debt is so strong that one of Asia's poorest nations is mulling a debut dollar-bond sale...

Obamacare 'Explosion' Could Come On May 22nd, Here's Why

"The Democrats will make a deal with me on healthcare as soon as ObamaCare folds - not long. Do not worry, we are in very good shape!"

Barter For Survival: Top Ten Barter Items Every Prepper Should Have

by M.D. Creekmore, via SHTF Plan:
Barter items for survival – What would you have to trade in a survival situation?
Any conversation about prepping first starts with the “the best survival gun” followed by “bugging out vs hunkering down” and then on to “the best retreat location” and then to “what to have on hand for barter… well today, I’m going to answer that question.
The first thing to consider is what items do people need and use every day, followed by will they need these items after a long-term disaster and if so will those items be readily available when the resupply lines are cut. If not, then would those items be easy to make from other common items?
Read More

When the Tidal Wave Hits, Part IV – Jeff Nielson

by Jeff Nielson, Sprott Money:
The first two parts of this series presented the economic tidal wave that is approaching us and explained how and why we have never been less prepared economically or socially for such a cataclysm. Part III detailed how the economic destruction being wrought upon is deliberate – perpetrated by the banking crime syndicate and condoned by our puppet governments.
The third installment also explained how our governments are preparing for what lies ahead. These corrupt regimes (led by the United States) have fabricated their “War on Terror” as a pretext for imposing police states upon us. Many (most?) readers may not recognize these despotic governments as police states, despite the long litany of rights which have already been stripped from us.
Read More

Bioactive Compounds in Cucumbers That Fight Heart Disease and Cancer

by Twain Yobra, Natural News:
We all know that cucumbers are good for weight loss. They contain fiber, lots of water and are low in calories. But did you know that eating cucumbers regularly can help fight cancer and heart disease?
Lucky for us, there’s no shortage of cucumbers. They are one of the most cultivated veggies in the world. And recent studies show that cucumbers can help treat different diseases. Even though they don’t contain lots of vitamins and minerals, they’re rich in bioactive compounds that have been proven very powerful.
Read More

March Comex Silver “Deliveries”

by Turd Ferguson, TF Metals Report:
It seems that every few months, the charade of “physical delivery” on Comex becomes so outrageous that we feel compelled to write about it. Well here we are again today.
Before we get to the CME-reported numbers, let’s start with the usual background…
What you need to know is that most of this is just a massive scam. Rarely is any actual, physical metal exchanged. Instead, the bi-monthly Comex delivery process is primarily a shuffle of paper warehouse receipts and warrants. Additionally, the parties to these exchanges of paper are usuallly The Banks themselves, acting in one seemingly endless circle jerk where one month Scotia “delivers” to HSBC and, the next month, HSBC turns around and “delivers” metals back to Scotia. It’s been this way for years and it continues to this day.
Read More

The Market Has Its Head Buried Deep In The Sand

by Dave Kranzler, Investment Research Dynamics:
Several “black swans” are looming which could inflict a financial nuclear accident on the U.S. markets and financial system. I say “black swans” in quotes because a limited audience is aware of these issues – potentially catastrophic problems that are curiously ignored by the mainstream financial media and financial markets.
The most immediate problem is the Treasury debt ceiling. The Treasury is now projected to run out of cash by mid-summer. Of course, in the spurious manner in which the markets evaluate the next trade, July may as well be a decade away. My best guess is that the “market” assumes that, after drawn out staging of DC’s version of Kabuki Theatre, Congress will raise the debt ceiling, probably up to $22 trillion. Then the Fed will extend its highly secretive “swap” operations to foreign “ally” Central Banks (hint: Belgium and Switzerland) in order to fund the onslaught of Treasury issuance that will ensue. Problem solved…or is it?
Read More

How Many Jobs Do Robots Destroy? Answers Emerge

by Wolf Richter, Wolf Street:
But this isn’t the industrial revolution.
How many jobs do robots – whether mechanical robots or software – destroy? Do these destroyed jobs get replaced by the Great American Economy with better jobs? That’s the big discussion these days.
The answers have been soothing. Economists cite the industrial revolution. At the time, most humans replaced by machines found better paid, more productive, less back-breaking jobs. Productivity soared, and society overall, after some big dislocations, came out ahead. The same principle applies today, the soothsayers coo.
Read More


from Harvey Organ:
In silver, the total open interest ROSE BY A HEALTHY 3,748 contracts UP to 201,829 with the RISE IN PRICE ( 14 CENTS) WITH RESPECT TO YESTERDAY’S TRADING. THE HEDGE FUNDS (MANAGED MONEY) CONTINUES TO SLOWLY ADD TO THEIR POSITIONS WITH THE BANKERS TRYING TO COVER THEIR EVER BURGEONING SHORTS (OVER 555 MILLION OZ). In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.009 BILLION TO BE EXACT or 144% of annual global silver production (ex Russia & ex China).
In gold, the total comex gold also FELL BY A HUGE 22,987 contracts DESPITE THE SLIGHT FALL IN THE PRICE OF GOLD ($0.10 with YESTERDAY’S TRADING).We thus continue with the strange events that every time we enter an active month, the open interest obliterates, rather than rolling to the next active month. The total gold OI stands at 449,418 contracts.
Read More @

Totalitarian California Charges Planned Parenthood Video Journalists with 15 Felonies

by Dr. Susan Berry,
California prosecutors have charged the two undercover journalists who produced videos of Planned Parenthood officials allegedly selling the harvested body parts of aborted babies for a profit with 15 felonies.
The office of state Attorney General Xavier Becerra is alleging that David Daleiden and Sandra Merritt of the Center for Medical Progress (CMP) recorded 14 individuals connected to the abortion and fetal tissue industries in Los Angeles, Pasadena, San Francisco, and El Dorado, without their consent.
Read More

Trump’s Pick for FDA Chief Has Drug and Biotech Industry Ties

by Julie Fidler, Natural Society:
President Trump’s pick for head of the FDA, Dr. Scott Gottlieb, has taken more than $400,000 from drug makers in the last few years alone, and Gottlieb has deep ties to the pharmaceutical industry. [1]
Gottlieb has testified multiple times on Capitol Hill concerning complex drug pricing issues, and is largely approved of by drug companies and pharmaceutical investors for FDA head. He’s on the boards of directors of several small drug and biotech companies, while also serving as an adviser to GlaxoSmithKline PLC. [2]
Brian Skorney, an investment analyst at Robert W. Baird, wrote in a research note:
Read More

Al Qaeda Rebranding Serves US Agenda

by Tony Cartalucci, Activist Post:
The RAND Corporation’s recent piece titled, “Al Qaeda in Syria Can Change Its Name, but Not Its Stripes,” all but admits what was already suspected about designated terrorist groups operating in Syria – that they are undergoing a transition in an attempt by their state sponsors to bolster their legitimacy and spare them from liquidation amid the shifting tides on the battlefield.
The piece, written by Colin Clarke described by the RAND Corporation as a “political scientist at the RAND Corporation and an associate fellow at the International Center for Counter Terrorism,” states:
Following recent infighting with other Syrian rebel groups in the northwestern part of the country, al Qaeda in Syria appears to have recognized the need to secure legitimacy and present itself to the civilian population it seeks to influence as an authentically Syrian entity.
Read More


No comments:

Post a Comment