Thursday, March 16, 2017

New York Assemblyman Unveils Bill To Suppress Non-Government-Approved Free Speech

"...the deeper problem with the bill is simply that it aims to censor what people say, under a broad, vague test based on what the government thinks the public should or shouldn’t be discussing..."

Are Collapsing Pensions "About To Bring Hell To America"?

"Something massive has been swept up just under the carpet..."

Has The Deep State Begun Its Revenge On Trump?

"..the Deep State’s next move is to pin the coming stock market collapse on Trump. He’s the perfect fall guy... Right now, the Federal Reserve is the Deep State’s weapon of choice."

There's 1.4 Trillion Reasons Why Tomorrow's 'Quad Witch' Could Matter

In 2015, options expirations mattered - stocks would tear higher into the event and like clockwork sink back lower after. 2016 was not so obvious but the all-important 'quad-witch' expirations still had some bias. However, if JPMorgan's equity derivative strategists are right, tomorrow's 'quad-witch'  - with $1.4 trillion worth of S&P 500 notional set to expire - could lead to a vicious cycle higher in volatility going forward.

Paul Craig Roberts Warns "Revolutions Are Bloody, But So Is Doing Nothing"

"...the 'left' has accepted the neoconservative line that those who advocate peace with Russia, other than on US imposed terms, are traitors to America, including the President of the United States... We have reached the point that no dissent from hating Russia is possible. This leaves war as the only option."

See Where Immigrants Out-Earn US-Born Citizens

Right across the country, households headed by persons born outside the U.S. earn less than households run by native-born Americans. But that wage gap varies widely per state, from close to $20,000 to less than $1,000. And in some places, the gap is even reversed, in favor of the immigrant households.

Portland Anarchists Begin Fixing Roads & Potholes (Because the Government Won't)

Portland Anarchist Road Care claims PARC is an anarchist organization dedicated to putting “the state of the roads of PDX into the hands of the people.”

"This Is Not The Reaction The Fed Wanted": Goldman Warns Yellen Has Lost Control Of The Market

Q: Do you think the FOMC was aiming for this outcome?
A: No, almost certainly not.

Why China Unexpectedly Hiked Rates 10 Hours After The Fed

The PBOC stressed that its interbank rate hikes simply followed the market's development, thus are not "true" policy rate hikes. Nevertheless, it also listed four classical rate-hike reasons for the interbank rate changes: the economic recovery, rising inflation (particularly that of housing), strong credit growth and Fed's rate hikes.

Mike Krieger: "Forget Russia, Donald Trump Works For Wall Street"

"America will never recover until this is dealt with, and Trump has made it perfectly clear he will not deal with it...That populist smokescreen is long gone now."

Philadelphia Soda Tax Forces Local University To Hike Student Costs By $400,000

"This is another example of the damaging impact this tax is having on Philadelphia families.  It’s ironic that a tax the mayor sold on the basis of expanding educational access is now going to be making higher ed less affordable for students."

There's One Missing Ingredient From The Market Rally 'Recipe'

It’s great when a plan comes together. The recipe for the whole move since Election Day is easy. Take one part new Administration with expansive plans to boost the US economy. Add in 2 measures of a Federal Reserve confident enough in existing macro growth to boost interest rates. Add a dollop of money flows. Seems perfect, but there is one thing missing: the analysts who actually cover companies and make earnings forecasts aren’t buying it.

Albert Edwards: This Is The Reason Why The Market Doesn't Believe The Fed Any More

"One reason why the market doesn't believe the Fed dots is that investors cannot conceive of Fed tightening to the point that it causes the stockmarket any serious damage. Time and time again over both this and previous cycles the Fed has backed off rate hikes as soon as the going got tough. Maybe that is why the S&P trades at such a huge PE premium to the rest of the world."

Senators Demand State Department Probe Into Soros Organizations

"Over the past few years, the U.S. Mission there has actively intervened in the party politics of Macedonia, as well as in the shaping of its media environment and civil society, often favoring left-leaning political group over others.  We find these reports discouraging and, if true, highly problematic.  Much of the concerning activity in Macedonia has been perpetuated through USAID funds awarded to implementing entities such as George Soros' Open Society Foundations."

12 Reasons Why The Fed Just Made The Biggest Economic Mistake Since The Last Financial Crisis

Has the Federal Reserve gone completely insane?

CS and UBS Tell Wealthy Retail Clients To Buy Stocks..."Here, Can You Please Hold This Bag"

"Whenever it feels really difficult and challenging to put money at work, ultimately those are often the better investments.  That sense of skepticism, that wall of worry, which is still there, to me is not a discouragement."

Goldman Defends 'Government Sachs'

"...The charge is that Goldman Sachs is able to extract certain advantages that others cannot... In fact, the opposite is true. Those in government bend over backward to avoid any perception of favoritism."

Gold Up 1.8%, Silver Up 2.6% After Dovish Fed Signals Slow Rate Rises

by Mark O’Byrne, Gold Core:
– Gold up 1.8%, silver up 2.6% – Fed signals slow rate rises
– Dollar sells off as Fed raises 0.25% to target range of 0.75 percent to 1 percent on inflation outlook and “ebullient” stocks
– Gold’s biggest 1 day percentage gain since September 2016
– Fed raises rates for only the third time since crisis
– Fade out Fed “jibber jabber” and focus on still ultra low rates (see chart)

– Rising rates bullish for gold as seen in 1970s and 2003 to 2007 (see table)
– Silver rose 26% in 2003, 14% in 2004, 29% in 2005 and 46.6% in 2006
– Raise is too little, too late … Dovish Fed creating asset bubbles

– Dutch pro EU government have marginal win and populist Wilders does not see gains expected
– Pro-EU Dijsselbloem PvdA party likely biggest losers – risking his position as head of  Eurogroup of Euro zone’s finance ministers
– Europeans will continue to reject increasingly undemocratic federal EU super state and risk of contagion remains high

– Geopolitical risk in form of Brexit talks and French elections seeing safe haven demand in UK, France and other EU countries
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How to Win an Easy Conviction in Court: Play a Movie for the Jury

from The Daily Bell:
Court is boring! If you want to get a conviction in the age of short attention spans, you need to entertain the jury!
Why would you rely on facts and truth in the U.S. court of law, when you could just play a Hollywood fabrication?
We all know how stale and dry court cases can be. But offer up some clips of a cool blockbuster hit, and the jury will love you! You won’t have to bother with pesky legal proceedings. You can induce the verdict you want based on emotions.
And now the precedent has been set that this tactic is perfectly legal in U.S. courts.
The Second Circuit Court of Appeals has just ruled that it is permissible to show a movie in court as evidence if the movie is close enough to the actual crime.
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Teacher quits after Muslim primary school students threaten to behead her, Govenment does Nothing

by Pamela Geller, Infowars:
These are ten and eleven year olds. What are they learing at home and at mosque? in a Sydney school. Muslim children are taught this hate all over the world. It’s monstrous but you cannot speak critically of this hate-filled, supremacist ideology. Respect it.
One teacher said she was pushed into a corner by several students who then began marching around her chanting the Koran. Many of the students also reportedly spoke of family members fighting in the war in Syria and pupils would walk out mid-way through a lesson to go and pray.
News Corp reports that the woman said her complaints to the NSW Department of Education were simply dismissed. They do not want to appear islamophobic or “racist.”
Read More…

Trump “Dead On Arrival” Budget Plan Proposes 31% Cuts For EPA, 28% For State Department

from ZeroHedge:
In the widely anticipated budget proposal to be released by President Trump on Thursday, the White House will call for spending cuts of 28% for the State Department and 31% for the Environmental Protection Agency, the New York Times reported on Wednesday, citing congressional staff who are familiar with the plan. The budget plan for fiscal 2018 will also propose a big reduction in the State Department’s Food for Peace program and elimination of a Transportation Department program that subsidizes flights to rural U.S. airports.
In addition to the above cuts, Trump’s team is expected to propose a wide array of cuts to public education, to transportation programs like Amtrak and to the Department of Housing and Urban Development, including the complete elimination of the $3 billion Community Development Block Grant program, which funds popular programs like Meals on Wheels, housing assistance and other community assistance efforts.
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Holly-Whore Ashley ‘Nasty Woman’ Judd Gets Triggered, Claims Victimhood When Man Tells Her ‘We Like Trump’

by Susan Duclos, All News Pipeline:
Every once in a while we run across a story that provides inarguable evidence that some celebrities are nothing more than snowflakes, where they feel it is their right to speak their minds, but if someone else dares offer a different opinion, it is “menacing,” “scary,” “terrifying,” “aggressive,” “rudeness” and “disrespect.”
Case in point, the woman now infamous for standing up on stage at the Vulgar Vagina march the day after inauguration day, in DC, grabbing her crotch and proclaiming “I am a nasty woman,” going into a seven minute-plus diatribe against the newly inaugurated Donald Trump, implying that he had “wet dreams” about his own daughter, calling him Hitler, among other things, has now taken to her Facebook page to claim victimhood because at a college basketball game, a man said the unthinkable to her when he stated “We like Trump.”
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Fed Hikes With One Dissent: Fed Behind the Curve?

by Mish Shedlock, Mish Talk:
As expected, the Fed hiked interest rates 25 basis points to a range of 3/4 to 1 percent. Minneapolis Fed president Neel Kashkari dissented. Kashkari voted to hold rates steady.
Here are snips from the FOMC March 15 Statement.
In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 3/4 to 1 percent. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation.
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Bitcoin is No Longer the Only Crypto on the Block as Etherium’s Currency Ether Crosses Over a $2 Billion Market Cap

by Kenneth Schortgen, The Daily Economist:
Ever since the creation of the crypto-currency Bitcoin came into the public sphere in 2009, dozens of other alternative digital currencies have attempted to follow Bitcoin’s success. But only one of course has made that critical leap into widespread confidence and acceptance, causing governments, markets, and even retailers to adapt to its growth.
Until now.
On March 14, just one day before the U.S. government faces a new debt limit crisis and the Federal Reserve is to decide upon whether to raise interest rates, a crypto-currency other than Bitcoin has reached a milestone by becoming only the second digital currency to achieve a market cap of over $2 billion.
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Inflation + Populism = Soaring Gold

by John Rubino, Financial Survival Network:
Inflation is back, thanks to the past year’s global debt and money printing binge. Meanwhile populist politicians are gaining traction in Europe, threatening both the European Union and the eurozone. The world has never seen this combination of excessive financial leverage and widespread political upheaval, so the next few years might be bad for most financial assets and great for real things like gold and silver.
Click HERE to Listen


from InfoWars:
Stone previously victim of suspected polonium poisoning
Trump adviser Roger Stone was involved in a hit-and-run T-bone car accident Wednesday, the Republican operative revealed on the Alex Jones Show.
“I was driving on my way to a speech in Orlando later this afternoon, and my car was T-boned by a car coming out of nowhere, the windshield so darkly tinted you could not see who was inside the car,” Stone told Alex Jones following the accident. “It was starting — the airbags went off, they came it at the passenger door where I was seated.”
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IT BEGINS…. Idaho & Arizona Pass Bills To Remove “Capital Gains Taxes” On Gold & Silver

by Steve St. Angelo, SRSRocco Report:
In just the past week, lawmakers in Idaho and Arizona have passed bills removing “Capital Gains Taxes” from gold and silver coins and bars. Normally, when individuals sell gold or silver, they must pay capital gains on any increase on the value of their precious metals investments. However, gold and silver are really not investments per say, rather they perform as real money.
Thus, the lawmakers in Idaho and Arizona realize their citizens shouldn’t have to pay taxes on their gold and silver holdings because they have increased in value due to the debasement of the U.S. Dollar by loose Federal Reserve monetary policies.
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