Submitted by Tyler Durden on 05/06/2016 - 14:19
A source has confirmed that Hillary Clinton will be interviewed by the FBI within the coming weeks, in connection with the investigation into her private email server. As reported last night, Hillary's top aide, Huma Abedin was interviewed by the FBI at its Washington field office in April.
RNC Tells Staff To Resign By "End Of Week" If Unable To Support Trump
Submitted by Tyler Durden on 05/06/2016 - 16:30 Spawning a hurricane of controversy this week, the New York Times claimed, “the question of whether to embrace Mr. Trump is not merely an intellectual exercise. Some staff members at the Republican National Committee were told Wednesday that if they were unable to get behind the nominee, they should leave by the end of the week.” But the RNC quickly shot down the claim, with Communications Director and Chief Strategist Sean Spicer responding on Twitter, simply, “100% not true.” As with any explosive claim, undercurrents and nuance - and outright differing perspectives - often create staunch disagreements on the veracity of a story.Stocks Slump Most In 3 Months As Commodities & Credit Crash
Submitted by Tyler Durden on 05/06/2016 - 16:03
Zimbabwe To Print Its Own US Dollars Amid Severe Cash Shortage
Submitted by Tyler Durden on 05/06/2016 - 16:58 Zimbabwe is set to print its own version of the US dollar, as an ailing economy fuels a severe cash shortage in the southern African nation. John Mangudya, Zimbabwe’s central bank governor, said Thursday the so-called bond notes will be backed by $200 million in support from the Africa Export-Import Bank. The specially designed dollar notes will come in denominations of two, five, 10 and 20. They will also have the same value as their U.S. dollar equivalents. The bond notes are an extension of so-called bond coins of one, five, 10 and 25 cents which the central bank introduced in 2014 and are pegged to the value of the U.S. dollar.
Jeb Bush: "I Will Not Vote For Trump Or Hillary"
Submitted by Tyler Durden on 05/06/2016 - 16:47 "Donald Trump has not demonstrated that temperament or strength of character. He has not displayed a respect for the Constitution. And, he is not a consistent conservative. These are all reasons why I cannot support his candidacy. Hillary Clinton has proven to be an untrustworthy liberal politician who, if elected, would present a third term of the disastrous foreign and economic policy agenda of Barack Obama. In November, I will not vote for Donald Trump or Hillary Clinton."What Do Markets Want More: A Good Or Bad Jobs Report
Submitted by Tyler Durden on 05/06/2016 - 16:13
Weekend Reading: Should I Stay Or Should I Go
Submitted by Tyler Durden on 05/06/2016 - 15:55 “Bull markets bail you out of your mistakes. Bear markets make you pay for them.”
"What Are You Laughing At?"
Submitted by Tyler Durden on 05/06/2016 - 15:35 ...you're next!
Trumped! Why It Happened And What Comes Next, Part 2 - The Peace Deal
Submitted by Tyler Durden on 05/06/2016 - 15:25 When it comes to the economic future, a Trump presidency could bring either a shitstorm or salvation. Regrettably, the odds of the former are immensely the higher. That’s because Trump is a welcome, but extremely unguided missile.
California Fault Lines Are "Locked, Loaded, & Ready" For The Big One, Expert Warns
Submitted by Tyler Durden on 05/06/2016 - 15:20 The San Andreas fault is one of California's most dangerous. While the last big earthquake to strike the southern San Andreas was in 1857, as LA Times reports Thomas Jordan, director of the Southern California Earthquake Center, explained this week "the springs on the San Andreas system have been wound very, very tight. And the southern San Andreas fault, in particular, looks like it’s locked, loaded and ready to go."
Ohio Teen Excited About His Older Unemployed Brother's Return Home After College
Submitted by Tyler Durden on 05/06/2016 - 15:15 "Man, it’ll be great having Derek around all the time,” Joey said of the depressed and frustrated economics major, who, despite expanding his job search far beyond his areas of interest and sending applications all over the country, cannot find even part-time work among the present supply of entry-level positions. “I can’t wait to help him unload all his stuff and move back into his room,” Joey continued.
Americans Unleash Epic Debt-Fuelled Spending Spree As Credit Card Debt Jumps Most On Record
Submitted by Tyler Durden on 05/06/2016 - 15:12 The March Consumer Credit data showed that not only did total consumer credit soar by $29.7 billion, or almost double the $16 billion expected, and the highest in series history but that this was driven by a record surge in revolving (aka credit card) debt, as it appears in March US consumers unleashed a historic debt-fuelled spending spree, one which as the chart below demonstrates is either a misprint, a huge outlier, or something has dramatically changed in US consumer psychology.
Trump Super PAC Chief Strategist Convicted Of Bribery
Submitted by Tyler Durden on 05/06/2016 - 14:55 The effort of one major pro-Trump super PAC - that the Trump campaign will be relying on in the new post-self-funding-world - has already hit a speed bump. The newly hired chief strategist of The Great America PAC (formerly TrumPAC until Trump made them change the name back when he cared about staying true to his word), Jesse Benton, was just found guilty on felony charges for buying former Iowa state senator Kent Sorensen's vote for Ron Paul.About Those Record Auto Sales... An Insider's View
Submitted by Tyler Durden on 05/06/2016 - 14:35
"The High Yield Bond Rally Won't Last" BofAML's 9 Reasons To Sell Any Strength In Junk
Submitted by Tyler Durden on 05/06/2016 - 14:15 BofAML's Mike Cantopoulos' distaste for corporate fundamentals, displeasure with the efficacy of QE and easy monetary policy on spurring growth and inflation, and concerns that a further deterioration in credit conditions will create deeper economic troubles not appreciated by many have left credit markets with poor default adjusted valuations and little room to absorb a negative shock. He highlights nine key reasons below why BofAML believes this rally won't last (and in fact may have already seen its end).
by Steven St. Angelo, SRS Rocco:
That’s correct. Going by the historic Dow Jones-Silver ratio, it points to $300 silver. This may seem outlandish or a play on hype, but it isn’t. While many precious metals analysts have forecasted high three-digit silver prices, I didn’t pay much attention to them. However, after I looked over all the data, $300 silver is not a crazy figure at all.
Let me explain. The U.S. economy suffered a fatal blow in the 1970’s as its domestic oil production peaked and inflation soared. To protect against the ravages of inflation, investors moved into gold and silver in a big way. Yes, it’s true that the Hunts bought a lot of silver during the 1970’s, but who was buying gold to push its price to $850 in 1980 versus $35 in 1970. Furthermore, who was buying oil to push its price up to $36 in 1980 from $1.80 in 1970??
Read More…
That’s correct. Going by the historic Dow Jones-Silver ratio, it points to $300 silver. This may seem outlandish or a play on hype, but it isn’t. While many precious metals analysts have forecasted high three-digit silver prices, I didn’t pay much attention to them. However, after I looked over all the data, $300 silver is not a crazy figure at all.
Let me explain. The U.S. economy suffered a fatal blow in the 1970’s as its domestic oil production peaked and inflation soared. To protect against the ravages of inflation, investors moved into gold and silver in a big way. Yes, it’s true that the Hunts bought a lot of silver during the 1970’s, but who was buying gold to push its price to $850 in 1980 versus $35 in 1970. Furthermore, who was buying oil to push its price up to $36 in 1980 from $1.80 in 1970??
Read More…
Not everyone can become a waiter or a bartender. And as more
disposable income accrues to the top, and is deployed in luxury goods
and the pursuit of rents and acquisition, the rest have lest to spend
for goods that stimulate the aggregate demand.As you know I would ascribe this slow decay in economic activity to the ‘top down’ monetary stimulus being deployed by the Western central banks, and their overattention to the well being of the largely broken and misdirected financial sector that was in fact primarily responsible for the crash in 2008. That they corrupted the regulatory process along the way for their own benefit is an ancillary cause at best.
As I have been saying since roughly 2008, the Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.
Read More…
Water filter salesman of the year...
And… it’s safe. President Obama says so.
As Flint’s water crisis drags on, and officials expect a period of two years to replace the city’s corroded pipes, President Obama has become a pitchman to quell the population’s worries and take the pressure off of Flint leaders, despite plenty of evidence of negligence and corruption.
Obama even took a drink, as so many stumping political figures have over the years, after an awkward speech that almost gave the impression that lead isn’t so bad – because people who grew up before EPA laws on lead still “did really well” in life.
Read More
from Liberty Blitzkrieg:
The Supreme Court, in its Citizens United decision, ruled that
corporations have a First Amendment right to spend unlimited amounts in
elections. Now politicians in Kentucky are claiming they have a
Constitutional right to receive gifts from lobbyists.
In a lawsuit filed in U.S. District Court, Republican Kentucky state Sen. John Schickel, along with two Libertarian political candidates, are suing to overturn state ethics laws, claiming that the campaign contribution limit of $1,000 and a ban on gifts from lobbyists and their employers are a violation of their First and Fourteenth Amendment rights.
Kentucky’s ethics laws were passed in 1992 after an FBI investigation exposed a number of local politicians selling their votes.
Read More…
The Supreme Court, in its Citizens United decision, ruled that
corporations have a First Amendment right to spend unlimited amounts in
elections. Now politicians in Kentucky are claiming they have a
Constitutional right to receive gifts from lobbyists.In a lawsuit filed in U.S. District Court, Republican Kentucky state Sen. John Schickel, along with two Libertarian political candidates, are suing to overturn state ethics laws, claiming that the campaign contribution limit of $1,000 and a ban on gifts from lobbyists and their employers are a violation of their First and Fourteenth Amendment rights.
Kentucky’s ethics laws were passed in 1992 after an FBI investigation exposed a number of local politicians selling their votes.
Read More…
by David Gutierrez, Natural News:
Although much attention has been focused on the threat posed to the
U.S. West Coast by radioactivity from the 2011 Fukushima disaster, an
even greater threat has gone largely ignored, warns nuclear historian
Robert Jacobs of the Hiroshima Peace Institute.
That threat is the Hanford Site, which sits just 400 yards from the Columbia River in eastern Washington. Hanford contains two-thirds of the high-level radioactive waste (by volume) in the United States, and has been leaking for decades.
“While radiation from the Fukushima nuclear meltdowns is reaching the West Coast, carried across the ocean from Japan, the radiation from Hanford is already there, has been there for 70 years, and is in serious risk of catastrophe that could dwarf the effects of Fukushima even on Japan,” Jacobs writes in an article for Counter Punch.
Read More
Although much attention has been focused on the threat posed to the
U.S. West Coast by radioactivity from the 2011 Fukushima disaster, an
even greater threat has gone largely ignored, warns nuclear historian
Robert Jacobs of the Hiroshima Peace Institute.That threat is the Hanford Site, which sits just 400 yards from the Columbia River in eastern Washington. Hanford contains two-thirds of the high-level radioactive waste (by volume) in the United States, and has been leaking for decades.
“While radiation from the Fukushima nuclear meltdowns is reaching the West Coast, carried across the ocean from Japan, the radiation from Hanford is already there, has been there for 70 years, and is in serious risk of catastrophe that could dwarf the effects of Fukushima even on Japan,” Jacobs writes in an article for Counter Punch.
Read More
by Peter Kuzinick and Edu Montesanti, Global Research:
It is interesting to me that when I speak to people from outside the
United States, most think the atomic bombings were unnecessary and
unjustifiable, but most Americans still believe that the atomic bombs
were actually humane acts because they saved the lives of not only
hundreds of thousands of Americans who would have died in an invasion
but of millions of Japanese.
That is a comforting illusion that is deeply held by many Americans, especially older ones. It is one of the fundamental myths emanating from World War II. It was deliberately propagated by President Truman, Secretary of War Henry Stimson, and many others who also spread the erroneous information that the atomic bombs forced Japanese surrender. Truman claimed in his memoirs that the atomic bombs saved a half million American lives.
Read More
It is interesting to me that when I speak to people from outside the
United States, most think the atomic bombings were unnecessary and
unjustifiable, but most Americans still believe that the atomic bombs
were actually humane acts because they saved the lives of not only
hundreds of thousands of Americans who would have died in an invasion
but of millions of Japanese.That is a comforting illusion that is deeply held by many Americans, especially older ones. It is one of the fundamental myths emanating from World War II. It was deliberately propagated by President Truman, Secretary of War Henry Stimson, and many others who also spread the erroneous information that the atomic bombs forced Japanese surrender. Truman claimed in his memoirs that the atomic bombs saved a half million American lives.
Read More
from The Daily Bell:
The president claims that Congress’s authorizations in 2001 and 2002 for the wars against Al Qaeda and Saddam Hussein can be stretched to cover his current campaign [against ISIS]. – The New York Times
The U.S. Constitution is gone. Kaput. For years it stood as the bedrock of a republic that kept its government chained. For years the constitution limited government intervention, letting the free market operate instead of domestic, well-connected crony business interests.
Likewise, elected leaders consulted the constitution when government intervention abroad was considered. There once was a time in America when Congress debated the merits and risks of a government’s most pressing issue: war.
Read More
The president claims that Congress’s authorizations in 2001 and 2002 for the wars against Al Qaeda and Saddam Hussein can be stretched to cover his current campaign [against ISIS]. – The New York Times
The U.S. Constitution is gone. Kaput. For years it stood as the bedrock of a republic that kept its government chained. For years the constitution limited government intervention, letting the free market operate instead of domestic, well-connected crony business interests.
Likewise, elected leaders consulted the constitution when government intervention abroad was considered. There once was a time in America when Congress debated the merits and risks of a government’s most pressing issue: war.
Read More
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