"Wrong Way Gartman" setting himself up for when the same happens to him...
A new real estate crisis has begun.
You might find that hard to believe. After all, the government put out all sorts of laws and regulations after the last housing crisis. These measures were supposed to protect us from a repeat of the 2008–2009 financial crisis.
Plus, U.S. housing prices are rising, not falling.
But I’m not talking about the housing market. I’m talking about retail real estate.
During the run-up to the election, the deep state bureaucrats at the Treasury built up what I described Friday as Hillary’s debt ceiling “war chest,” sending the cash balance to $425 billion shortly before election day.
By contrast, shortly after the election the Treasury stopped selling new debt, and began to actually pay down maturing bills and notes. The Treasury has burned over $338 billion of cash since then. That depleted Hillary’s war chest since she wouldn’t be around to benefit from it.
Or rather, it pumped a veritable tsunami of cash into the canyons of Wall Street.
What was indelible about it [the Korean War of 1950-53] was the extraordinary destructiveness of the United States’ air campaigns against North Korea, from the widespread and continuous use of firebombing (mainly with napalm), to threats to use nuclear and chemical weapons, and the destruction of huge North Korean dams in the final stages of the war. …. (Bruce Cumings)
Of course, this does not mean that the Russia Analyst could ever do the impossible and prove a negative: that Russian hackers of the FSB or GRU didn’t get into the DNC’s servers, after 99.9% pillaging every U.S. government secret found on Hillary Clinton’s home bathroom server. Indeed if the Russian security services hadn’t data-mined the Clintons emails and servers for all they were worth, the intelligence officer in chief of Russia Vladimir Putin would be asking them behind closed doors if they were doing their jobs. But post-Vault 7 revelations about Russian and Chinese hacker signatures being stockpiled by Langley, bolster the argument that those cutsie Cyrillic metadata or signatures of Soviet secret policeman Feliks Dzerzhinsky the (CIA?) hackers allegedly left behind never jibed with the professionalism seen by Russian professionals state or non-state sponsored in other jobs. In other words, the hacks very likely if they did occur were a false flag to paper over an already detected insider dump from the DNC.
Continuing on with testing all-metal firearms, as requested by many of our readers, here’s one of my favorite double-stack 9mm handguns. The CZ-85B is simply an upgraded model of the original CZ-75. For many years, the CZ-75 was hard to come by in the USA, because it was produced in the Czech Republic when it was behind the “Iron Curtain”. The few CZ-75 handguns that were in the USA were very hard to come by and expensive, very expensive!
Because of the scarcity of the original CZ-75, a number of near-clones of this gun appeared. One of the most recognized, coming from Italy, was imported by several different companies into the U.S.
CNN, the real Fake News network, despite the libelous claims of a no name Harvard fake professor who failed to name them as fake news while declaring a plethora of conservative websites as “fake news,” has been promoting a documentary titled “Stranger Fruit,” a lop-sided video that uses heavily edited video from Michael Brown’s visit to the Ferguson Liquor Market the night before he was shot and killed. Following the promotion of the video, shots were fired at the market, leading many to believe that CNN is twisting the story, as they often have, in order to cite insurrection.
First, consider the video aired on CNN.
The question on the lips of everyone who plans to exchange his metal for dollars—widely thought to be money—is why did silver go down? The price of silver in dollar terms dropped from about 18 bucks to about 17, or about 5 percent.
The facile answer is manipulation. With no need of evidence—indeed with no evidence—one can assert this and not be questioned in the gold and silver communities. We have recently come across a term normally used to describe Leftists and Social Justice Warriors, “ virtue signaling”. One piously declares that one supports the cause, one speaks truth to power, one sticks it to The Man, well you get the idea. The concept of virtue signaling seems equally appropriate to those who sing the chorus on every price drop, “manipulation.”
The CIA created and accumulated from other sources a huge array of malware and cyber attack capability capable of stealing information from any individual, any government, any corporation, any intelligence agency and either leaving no trace or leaving a “fingerprint” of an innocent party. The CIA, being arrogant and incompetent, lost control over its monster which escaped and now is in the hands of we know not who. Floating around the Internet, it was sent to WikiLeaks. Listen to Julian Assange’s explanation of the capability of the CIA’s spyware, which includes end runs around encryption. https://www.youtube.com/watch?v=aha8bicPN88
Tax planning for a post-Brexit world.
In its report on the “world’s worst corporate tax havens” last December, Oxfam rated Luxembourg in 7th place, behind Bermuda, Cayman Islands, the Netherlands, Switzerland, Singapore, and Ireland.
But the “City of London,” a largely autonomous square mile within London where the threads of global finance meet, was given a special mention: The number one “unexpected absence” from the list of the top 15 worst tax heavens. Oxfam’s report put it this way:
I am compelled to correct a report posted on Zerohedge about the cliff-dive going on in commercial, industrial and consumer loans. The report in ZH suggested the plunge is connected to two possibilities: 1) this one from a Wall Street sleazebag from Barclays: “it is possible that companies have shifted from the loan to the bond market, and are selling more bonds to lock in cheap financing before rates rise, while not encumbering assets with issuing unsecured debt;” and 2) political uncertainty connected to Trump.
The first possibility could have some small amount of legitimacy except that if you parse through all the data available at the Fed, you’ll see that bank credit has plunged across the entire spectrum of U.S. business (I used size of loan as the proxy). Smaller businesses do not have access to public credit markets and thus the first explanation is the typical apology for a negative economic report that we would expect from a Wall Street con-artist. The second possibility is part of the anti-Trump narrative found in the fake news reports coming from the ignorant.
Permit me to set the scene. This has all been set up by the Deep State, over a period of many years, in fact.
To begin with, Donald Trump is not an outsider, he’s an insider, and has been for a long time. He’s a New York City multi-billionaire with numerous business and personal contacts in industry, high finance and government at all levels. That has been true for decades, even before he ran for political office.
The Trump brand was conspicuously pre-positioned before the public’s eyes for decades. It’s called product placement and in this case the product being sold is Trump. It’s a familiar advertising technique. Very few people have their own network TV program.