Friday, March 10, 2017

The Conflict Within The Deep State Just Broke Into Open Warfare...

The battle raging in the Deep State isn't just a bureaucratic battle - it's a war for the soul, identity and direction of the nation.

Breaking: AG Sessions May Appoint Outside Counsel to Investigate Obama’s Crooked DOJ and IRS

by Jim Hoft, The Gateway Pundit:
Attorney General Jeff Sessions is open to appointing an outside counsel to investigate the countless scandals of President Obama’s Department of Justice and IRS.
Townhall reports:
In a conversation with radio host Hugh Hewitt on Thursday, Sessions left the door open for a special counsel to take the lead on the investigation into these Obama-era scandals.
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It’s Tulip Time!

by David Stockman, DailyReckoning:
At the peak of the Dutch tulip mania, bulbs sold for more than 10 times the annual income of a skilled craftsman and a single rare specimen bulb (Semper Augustus) purportedly changed hands for the equivalent of 12 acres of prime land.
But after rising 8X in a few months, the reckoning came in February 1637. The tulip bulb price index came crashing back to where it had started in, well, November of the prior year!
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Why Aren't Americans Filing Their Taxes This Year? IRS Says 6 Million Fewer Filings Than 2016

Whatever the reason, Americans are simply not filing their taxes in 2017.  As the Internal Revenue Service recently reported, we're now officially halfway through the 2017 tax filing season and nearly 6 million fewer people have filed their returns than at the same point in 2016, that's an 8.5% decline.

Euro Surges, Bunds Tumble On Report Draghi Considering Rate Hikes Prior To QE End

The EURUSD spiked, European stocks faded gains, and German Bund futures tumbled to session lows following B loomberg report that the ECB has discussed whether the central bank can hike rates before the end of QE.

Video Emerges Of U.S. Marines Rolling Into Syria For Raqqa Offensive

Just one day after we noted that the Trump administration was considering sending more troops into Syria, video has emerged of dozens of heavily armored U.S. vehicles, carrying members of the 11th US Marine Expeditionary Unit, moving through a desolate Syrian village on their way to assist Kurdish-led SDF and Syrian Arab Coalition as they prepare for an operation to recapture the Islamic State’s stronghold of Raqqa

Yen, Peso Pop After Ross Targets NAFTA, Japan For Trade Deals

The yen and the peso jerked higher after President Trump's commerce secretary Wilbur Ross commented that he expecte to start renegotiating NAFTA within two weeks and that Japan will be high on the list for trade agreements.

Where The Jobs Were: Manufacturing, Construction Workers Soar

There has been a distinct shift in the composition of job gains in the first full job report under Donald Trump.

A High-ly Troubling Breadth Development?

Despite the averages’ close proximity to 52-week highs, the number of NYSE New Lows has recently surpassed that of New Highs.

Goldman Changes Fed Forecast: Sees Rate Hikes In March, June And September; Earlier Balance Sheet Reduction

"We now look for funds rate increases in March, June, and September (compared to March, September, and December previously), and have pulled forward our forecast for the start of balance sheet normalization to Q4 2017 from mid-2018 previously."

June Rate Hike Odds Jump Above 50%

Be careful what you wish for...

Bitcoin Soars Above $1300 For First Time Ahead Of SEC Decision

With the SEC decision to approve a Bitcoin ETF looming, the payrolls data-inspired weakness in the USD appears to have sparked a sudden panic bid in Bitcoin, spiking the virtual currency to $1305 - record highs.

Americans Flood Back Into The Labor Force Under Trump

It appears that the "animal spirits" unleashed by President Trump are not contained to the stock market: according to the BLS, one of the most notable observations to emerge from the February (and January) jobs reports is that the number of Americans no longer in the labor force plunged since December, declining by 736,000 in January and a further 176,000 in February.  The combined two-month addition of 912,000 was the biggest drop in the "not in labor force" series on record.

Gold Jumps Above $1200 As Bond Yields, Dollar Drop After 'Disappointing' Jobs Data

While the headline print for payrolls beat economists' expectations, it failed to beat the whisper number (and earnings were weak) and it appears traders are fading the media's exuberance...

US Adds 235,000 Jobs In February, Beating Expectations But Earnings Disappoint

The US economy added 235,000 jobs in February, beating upward revised expectations of 200K, in-line with whisper exepctations of 233K. Last month's report was upward revised from 227K to 238K with the net addition for the past two months coming to +9K. The bottom line: the number is good enough for the Fed to hike next Wednesday.

Crowded Trades Never End Well: The 2.5 Trillion Dollar Bet On Higher Rates

Remember a week ago when all the crude oil bulls told us how the massive net speculative position was nothing to worry about? Well that's nothing...

Now The Fun Begins - SNAP Options Start Trading Today

With practically all but the IPO-allocated insiders still under-water, Snap shareholders will be anxiously awaiting today's unleashing of options of the money-burning, user-shrinking 'camera' company.

Sweden's Far-Right Gaining Ground As Social Problems Mount

Sweden’s liberal immigration policy may be honourable, but it does not come without problems. As social problems increase, Sweden’s far right party, the Sweden Democrats (SD) are gaining territory and will likely be the major winner in the next election.

South Korea's Ex-President Refuses To Vacate Residence After Impeachment, Two Dead During Protests

Following her official impeachment, now former South Korean president Park, who did not appear in court, said she would not be making any comment nor would she leave the presidential Blue House residence on Friday. "For now, Park is not leaving the Blue House today," Blue House spokesman Kim Dong Jo told Reuters.

10 Straight Weeks Of Equity Inflows As All The New Money Goes To ETFs

The flood of retail money into the global stocks showed no sign of relenting in the latest week, after investors around the globe pumped money into stocks for the tenth straight week, according to EPFR data cited by BofA, which showed some $11.8 billion in equity inflows, however in continued disappointment for active asset managers, over $15 billion of was allocated to ETFs, while mutual funds saw another outflow of $3.6 billion.

Four Russians Among Business Executives Killed In Istanbul Helicopter Crash

A helicopter carrying five high-level business executives, including four Russians, crashed onto a Turkish highway on Friday, after it hit a television tower in an outlying district of Istanbul while flying in dense fog, NTV television said.  Seven people - two pilots, four Russians and a Turkish citizen - are reported to have been on board at the time of the crash.

S&P Futures, Global Stocks Jump Ahead Of US Payrolls As Global Bond Rout Continues

European and Asian shares rise along with a jump in S&P futures which are pointing to a solidly green open on US payrolls day. The dollar, trading somewhat weaker against the euro was stronger against the yen, and was on track for its firth week of gains, while the rout in global Treasuries continued following a Mario Draghi conference that was interpreted as more hawkish than expected.

How the Black Market Is Saving Two Countries from Their Governments

by Shaun Bradley, The Anti Media:
Ever since governments began banning and licensing different parts of the economy, the black market has made sure people still have access to the things they need. Unstable governments always turn on their own citizens by using price controls, heavy taxes, and even the threat of imprisonment to prop up their failing systems. As conditions inevitably deteriorate, as they have in Venezuela and Greece, the underground economy becomes invaluable to those living through the crisis.
The shadow economy refers to more than just the trade of illegal goods. A grey market, for example, provides legal products that have become difficult to find. Since basic things like toilet paper, medicine, and even food have disappeared from store shelves in Venezuela, the peer-to-peer network has become the only reliable way to secure life’s necessities. In desperate situations like this, the existence of independent merchants can mean the difference between life and death.
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13 Stunning Visualizations of Silver Put Global Debt Into Perspective

by Visual Capitalist, via Silver Seek:
Although gold has a bigger reputation today as a monetary metal, it was often deemed too valuable for everyday transactions throughout history.
For the most part, common people in places like Ancient Rome used silver to buy daily staples like grain or wine. As a result, silver has a strong reputation through monetary history as the “people’s money”.
Even today, silver is still much more widely accessible. With one ounce of gold being 70x more expensive than an ounce of silver, it’s difficult for someone who is just starting to accumulate wealth to own gold.
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Trump Plants Clues In His Office To Let The Central Bankers Know Their Fate

from X22Report:

Are We About to See a “European Monetary Fund?”

by Don Quijones, Wolf Street:
There’s an air of furtive desperation about the proceedings.
As debates rage in Europe over whether or not to take a two-speed or multi-speed approach to post-Brexit integration, Germany rekindled interest in the creation of a European Monetary Fund.
Chancellor Angela Merkel and Finance Minister Wolfgang Schäuble both want to upgrade the grossly unaccountable Luxembourg-based European Stability Mechanism (ESM) into an IMF-style rescue fund that will “be granted the authority to monitor the finances of all eurozone countries,” reports Der Tagesspiegel.
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WATCH: Lying Cops Get Owned as They Try to Intimidate Rights-Flexing Attorney

by Matt Agorist, The Free Thought Project:
Wilmington, NC — A powerful video, taken by an attorney while being harassed by police, illustrates the power of filming — and why cops will lie through their teeth, apply intimidation tactics, and threaten you to get you to stop it.
Attorney Jesse Bright, who works as an Uber driver in his spare time, was on a round trip drive, bringing a man who works as a pet groomer to pick up his paycheck on Feb. 26. During the first Uber stop, police suddenly surrounded the vehicle and forced the passenger to submit to a search because they were near a known “drug house.”
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Gold And Silver: Legal Weapons Against The Deep State

by Dave Kranzler, Investment Research Dynamics:
Question: Why do Central Banks and Governments hate gold?
Answer: Because they can’t print it

“An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.” – Alan Greenspan, “Gold and Economic Freedom”
Just like everything else in the western financial system, the paper trading markets are leveraged beyond redemption. The amount of paper “claims” on actual physical gold was estimated to be 100:1 in 2010. We can assure you that ratio is much higher now. On the Comex alone, for instance, if more than 9% of the April open interest in gold futures were to stand for delivery – based on the currently declared 1.4 million ounces of gold reported as being “available for delivery” (registered) – the Comex would default. The entire open interest in gold futures is 60x greater than the amount of gold available for delivery.
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Our Age Of Folly — Paul Craig Roberts

by Paul Craig Roberts, Paul Craig Roberts:
The United States has been growing progressively insane for a long time. For my generation, the realization descended upon us in the 1960s when the military/security complex convinced Americans that if we permitted Vietnamese nationalist leader Ho Chi Minh to unify Vietnam, the dominoes would fall until the Communist World Revolution had us in its grip. This despite the fact that Stalin had killed off the Trotskyist world revolutionaries and declared “Socialism in one country.”
Nationalists in the West’s colonies, such as Vietnam and Cuba, misinterpreted the talk about making the world safe for self-determination as applying to them. Ho Chi Minh helped the US against Japan during World War 2. His requests for US help for Vietnamese independence from France were cold-shouldered by the Truman administration. He did not turn against the US until Washington turned against him.
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from Harvey Organ:
In silver, the total open interest FELL by ONLY 976 contracts DOWN to 191,422 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.957 BILLION TO BE EXACT or 137% of annual global silver production (ex Russia & ex China).
In gold, the total comex gold FELL BY A CONSIDERABLE 6.774 contracts WITH ANOTHER FALL IN THE PRICE GOLD ($9.00 with YESTERDAY’S trading ).The total gold OI stands at 427,627 contracts.
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Malik Obama shares photo of brother Barack’s Kenya ‘certificate of birth’

by Kyle Olson, The American Mirror:
Obama has joined the birther movement.
Malik Obama, Barack Obama’s half-brother, tweeted image of what appears to be Barack’s birth certificate. Except it’s not from Hawaii, but rather Kenya.
“What’s this?” he tweeted.
The document is from the “Coast Province General Hospital” in Mombasa, British Protectorate of Kenya, and is for Barack Hussein Obama II, who was born on the “4th day of August, 1961.”
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Preppers Stuck In Cities: Elite Chartering “Getaway Boats in Case of Manhattan Emergency”

by Mac Slavo, SHTFPlan:
There is an inherent dilemma for most of the people living in cities.
Even those who are aware of the extremely fragile fabric of society are often stuck living urban lives. Perhaps they plan to retire to a country abode, or construct a hideaway to escape to if the need ever arises, but for now, they are stuck in the city making a living.
This is true even for the rich, but now, they have a back-up plan.
The biggest of American cities, and one of the most gridlocked, is New York City, with Manhattan and Long Island both isolated islands – trapped during emergencies from the rest of the world.
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