Sunday, March 12, 2017

Turkey Vows "Harsh Retaliation" After Dutch PM Says "Not Apologizing, Are You Nuts"

Turkey's Prime Minister Binali Yildirim said that his country will retaliate in the "harshest ways" to Dutch moves to bar the flight of the Turkish foreign minister and prevent the family minister from entering the Turkish consulate in Rotterdam, while Dutch PM Mark Rutte slammed Erdogan: "This is a man who yesterday made us out for fascists and a country of Nazis. I’m going to de-escalate, but not by offering apologies. Are you nuts?" he told a morning talk show.

Hedge Funds Covered The Most S&P Shorts Since The Election, Sold Most USDJPY In Three Years

Looking at the most recent CFTC Commitment of Traders report, BofA makes two notable observations ahead of what may be a volatile week between the Fed's 25bps rate hike announcement on Wednesday, just hours after the Dutch General Election, and on the same day as the US debt ceiling expiration hits.

"Hey Google: How Do I Become An International Gold Smuggler?"

Harold Vilches, a 23-year-old Chilean, exported $80 million in contraband gold. It all started with a Google search...

The Future – Putting it All Together

by Martin Armstrong, Armstrong Economics:
This is the year of political hell. The question is not about supporting one side or the other. This is a time that calls for us not to be small petty creatures but a case that requires rational human beings, which seems to be more impossible with each passing day. Never did there arise a period that has witnessed any generation devolve into such agitations in political views surrounded by every considerable danger to our way of life and the survival of our government structure. The imprisoned winds of the Romans symbolized by keeping the doors to their Temple of Janus closed during peace and opened during war have indeed been let loose, but this is predominantly for civil war.
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Putin Spokesman: Russian Ambassador Also Met With Members Of The Clinton Campaign

Russian President Vladimir Putin's spokesman said in an interview with CNN's Fareed Zakaria that the Russian ambassador who met with Trump campaign officials, also met with "people working in think tanks advising Hillary or advising people working for Hillary" noting that "If you look at some people connected with Hillary Clinton during her campaign, you would probably see that he had lots of meetings of that kind."

Bitcoin Surges Back Above $1200, Erases ETF-Denial Losses

Bitcoin is once again trading above the price of an ounce of gold as Friday's collapse in the virtual currency - after the SEC's decision to deny an application for a Bitcoin ETF - has now been erased...

Global Leaders Rattle Their Sabers As The World Marches Toward War

We have entered a season where leaders all over the globe feel a need to rattle their sabers, and many fear that this could be leading us to war. Will Trump be able to show that he is tough without going over the edge and starting an actual conflict?

Markets Have Finally Woken Up

by Jim Rickards, DailyReckoning:
I’ve been warning my readers since last December that the Fed was on track to raise interest rates on March 15.
I was almost alone in that view. Market indicators were giving only a 25% chance of a rate hike. Wall Street analysts were paying lip service to the idea that the Fed might raise rates twice before the end of the year but said the process might begin in June, not March.
Wall Street expectations and market indicators did not catch up with Fed reality until last week, when expectations moved from 30% to 90% in four trading days before converging on 100%.
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House Intel Panel Demands White House Provide Evidence Of Obama Wiretapping By Monday

On Saturday House Intelligence Committee Chairman Devin Nunes (R-Calif.) and ranking member Adam Schiff (D-Calif.) submitted a letter to the White House demanding that it offer any evidence showing Trump Tower was wiretapped by Monday the AP reports

"Who Hit The Brakes?" - Bank Loan Creation Suddenly Tumbles To Five Year Low

In the latest week, loan growth for Commercial and Industrial loans unexpectedly tumbled to just 4.0%, more than 50% lower than the 10% pace it was growing one year ago. This is the lowest pace of loan growth since July of 2011 and has prompted the WSJ to inquire "who hit the brakes?"

Trump, Ryan Warn Of "Bloodbath" If GOP Fails To Pass Healthcare Bill

Speaker Paul Ryan on Sunday said he agrees with President Trump that 2018 will be a "bloodbath" for Republicans if Congress does not pass legislation repealing and replacing ObamaCare.

Remember...the ACLU was started by a Communist...

ACLU Launches National 'Resistance' Training

"We must not tolerate the intolerance... We'll do the work in the courts. You do the work in the streets."

2016 Debt Binge Produces (Surprise!) 2017 Inflation; Guess What That Means For 2018?

Just as everyone was finally accepting the idea of deflation and negative interest rates, inflation decides to pay a return visit. Buit what comes next?

Police Escort South Korea's Former President Out Of Her Official Residence

South Korea's disgraced former president was escorted out of her official Blue House residence on Sunday, two days after a constitutional court upheld a decision to impeach Park Guen-hye. Park struck a defiant tone upon arriving at her private home in the Gangnam district of the capital, Seoul, after leaving the Blue House compound in a motorcade of fast-driving black cars, flanked by police motorbikes.

Trump Fires US Attorney Preet Bharara After He Refuses To Quit

"I did not resign. Moments ago I was fired. Being the US Attorney in SDNY will forever be the greatest honor of my professional life."

When This All Blows Up…

by Chris Martenson, Peak Prosperity:
This report marks the end of a series of three big trains of thought. The first explained how we’re living through the Mother Of All Financial Bubbles. The next detailed the Great Wealth Transfer that is now underway, siphoning our wealth into the pockets of an elite few.
This concluding report predicts how these deleterious and unsustainable trends will inevitably ‘resolve’ (which is a pleasant way of saying ‘blow up’.)
The Ka-POOM Theory
In terms how this will all end, we favor the scenario put forth by Eric Janszen in 1998 called the Ka-POOM theory.
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Assad Thanks Russia and China For Fighting West’s ‘Agenda of Instability’ (VIDEO)

from Russia Insider:
Assad added that “if [the West] had the chance, they would try to change every government in the world”
As we reported this morning, Assad gave an amazing interview to Chinese media in which he stated very clearly that U.S. troops in Syria are “invaders” who have lost “nearly every war”.
We found the full interview, and it’s a gem.
Our favorite moment (aside from Assad pointing out that U.S. soldiers in Syria are invaders who can’t fight their way out of a paper bag) comes when the Chinese reporter asks Assad about the recent U.N. Security Council resolution to impose new sanctions on Syria, which both Russia and China vetoed (and in our opinion, solidified the Moscow-Beijing strategic alliance against Washington).
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Buzzfeed Caught By Wikileaks Falsifying Information About Response To Vault 7 Release

by Elizabeth Vos, Disobedient Media:
In the wake of Wikileaks’ Vault 7 revelations, Buzzfeed has been caught by Wikileaks publishing false claims purportedly made by Apple that it had “patched the vulnerabilities mentioned in the Wikileaks dump of CIA cyber tools.” Wikileaks tweeted that Apple had not fixed any newly discovered vulnerabilities, labelling the claim “fake news.”
Buzzfeed’s phrasing misleadingly encouraged an assumption that Apple had stated all of the vulnerabilities exposed by Vault 7 had been patched. However, the statement by Apple does not claim total coverage. In Buzzfeed’s own article Apple states: “…our initial analysis indicates that many of the issues leaked today were already patched in the latest iOS…” Apple’s claim merely stated that some of the exploits used by the CIA had been addressed in the event that they were organically discovered.
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filed under "White Trash"

Pelosi: The People Deserve To Know What’s In Healthcare Bill Before We Pass It

from ZeroHedge:
Back in 2010, amid the furore over the Democrat’s healthcare tax – soon to be nicknamed ‘Obamacare’ – Nancy Pelosi explained to the world, seemingly ignorant of the inaneness of what she was saying, that “we have to pass the bill so that you can find out what is in it.”
7 years later, we know how that ended, you lost the doctor you liked and your premiums are exploding.
So here we are, in 2017, 50 days after President Trump took office and the markups to the Obamacare Repeal and Replace actions are underway, and none other than the very same Democratic Party leader Nancy Pelosi has this to say (in a letter to Speaker Ryan)…
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