White House Caught Secretly Airlifting $1.7 Billion US Taxpayer Cash To Tehran To Ensure Iran Nuclear Accord Success

What Donald Trump has proclaimed the worst deal ever made, may just have become worst-er. The shocking truth behind the US-Iran nuclear deal, as WSJ reports, is the Obama Administration airlifted $1.7bn of cash in 'compromise' payments (read - bribe) to Tehran to ensure the release of 4 captured sailors coincidentally the same weekend as the signing of the nuclear deal.

Something Strange Emerges When Looking At A Congresswoman's Daytrading Records

While we have often heard that members of Congress, who are not only exempt from insider trading oversight, are also ardent daytraders we had never seen it in action. Until now... and we found something strange.

Peter Schiff: Time Is Running Out, "Crisis Worse Than 2008 Coming"

"...The Fed only has only one option at this point: Continue to fake it for as long as possible by printing more money or let the whole system come crashing down. BUT... The world has caught on, and the gig is up"

65 Million Americans Would Like To Work But Can't Risk Losing Their Entitlements

Exposing the latest narrative aimed at demonizing anyone calling for taxpayer protections in the entitlement debate

Boomers Again? What Another “Scorched Earth Generation” President Means For Gold

Gold investors thus need to consider the implications of a member of one of the most delusional, spendthrift, and amoral generations in history, occupying the White House for another four years. After “the greatest generation” … “the scorched earth generation”

Why Did Khizr Khan Delete His Law Firm's Website?

Why was the website of KM Khan Law Office taken down?  Does it have anything to do with the firm's work on the the EB-5 Foreign Investor Visa Program which Senator Chuck Grassley described as "riddled with flaws and corruption" and that the Department of Homeland Security warned could "be used by Iranian operatives to infiltrate the United States?"

D-Day For Australia's Real Estate Bubble?

This rotting shack in Sydney and its tiny plot of land sold for nearly $1 million in May of 2014 – more than two years ago. Since then, house prices in Australia have increased even further. Yes, it is an insane bubble, no doubt about it... and now, it appears, the banks are finally realizing, and are pulling back.

Welfare Is The New Work

The welfare state of mind has spiraled out of control in America...

July U.S. Auto Sales - The Good, The Bad, & The Downright Ugly

July auto sales missed estimates pretty much across the board.  Digging a little deeper to strip out fleet sales the numbers were even worse. 

"It Takes A Village To Maintain A Dangerous Financial System"

"...the motivations and actions (or inaction) of individuals in the financial system, governments, central banks, academia and the media that collectively contribute to the persistence of a dangerous and distorted financial system and inadequate, poorly designed regulations.  The underlying problem is a powerful mix of distorted incentives, ignorance, confusion, and lack of accountability. Willful blindness seems to play a role in flawed claims by the system’s enablers that obscure reality and muddle the policy debate."

Trump Says It's Time To Sell Stocks, Warns Of "Very Scary Scenarios" For Investors

Now that we are exactly three months away from the November 8 election, if Trump wants to really boost his electoral chances, a market crash right now be certainly most welcome by his campaign. Which may be why Trump today urged his supporters to get out of equities as "interest rates set by the Federal Reserve are inflating the stock market" and warned of "very scary scenarios" for investors.

This Is Why Trump Wins

...because people are sick and tired of corrupt politicians; and, as Jim Quinn so eloquently notes, "the propaganda press telling us it’s raining while they piss down our backs."

Hidden In Today's Revised Personal Income Data, A Troubling Trend For The US Consumer

As of this moment, absent a substantial pick up in wages and disposable income in general, US spending - that key driver of US GDP - is about to slow down sharply as the savings rate enters the red zone. As shown in the chart above, every time the savings rate hits about 5%, consumers slow down. The problem is that it comes just as spending in Q1 supposedly soared.

There Is No Asset Bubble?

Does an asset bubble currently exist? Ask anyone and they will tell you “NO.” However, maybe it is exactly that tacit denial which might just be an indication of its existence.

Global Trade Is Not Growing Slowly... It's Not Growing At All!

"Falling rates of global trade growth have attracted much comment by analysts and officials, giving rise to a literature on the ‘global trade slowdown’ giving the impression of world trade losing momentum, but growing nonetheless. The sense of the global pie getting larger has the soothing implications... but our first finding that the rosy impression painted by some should be set aside...trade volumes have plateaued... Except during global recessions, a plateau lasting 15 months is practically unheard of since the Berlin Wall fell."

Stocks Slump Most Since Brexit Amid Creditnado, Oilmageddon, Yenplosion

Oil Bounces On Unexpected Cushing Inventory Draw

Following last week's surprise build in overall crude inventories (after 9 weeks of draws), API reported a smaller than expected drawdown (-1.34mm vs -2mm exp). However, oil prices are extending late-day gains as Cushing reported a major 1.3mm draw (against expectations of a 1mm barrel build). Gasoline drew down but Distillates built.

You Can’t Eat Gold!

by Gary Christenson, Deviant Investor:

I read that I can’t eat gold as I munched on my 401(k) sandwich and guzzled my IRA wine, which tastes like a cheap Chardonnay. For a side dish I ate blanched twenty dollar bills and consumed a chocolate money market for dessert.
Yes, I am kidding. The point is that simple statements such as “You can’t eat gold” are a useless DISTRACTION.
Why would the financial powers-that-be want a distraction? If you store your wealth in gold, it is out of the fiat financial system and out of the control of bankers and politicians. They want control over your wealth and therefore they discourage ownership of gold.
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What Can FEMA Camps Really Be Used For?

from Dallas Ahrens III%:

Zika Mosquitoes Same as GM Mosquitoes Released Off the Coast of Florida

by Brandon Turbeville, Activist Post:
State and local officials in Florida are now going door to door asking residents for urine samples and other information as a result of the alleged local transmission of the Zika virus. According to CNN, four individuals located in Miami-Dade and Broward counties have been infected with the Zika virus as a result of local mosquitoes. These are the first known cases of Zika transmission by mosquitoes in the continental U.S.
Currently there is no treatment or vaccine for Zika and officials believe the transmission is confined to a single zip code, an area north of downtown Miami. Despite the fact there have been 386 cases of Zika in Florida, the mainstream media and many health officials are treating this new transmission as a cause for potential panic.
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Journalism? Really? MSM Lecture RT About Principles of Impartiality Using Decade-Old Cliches

from RT:

Goldman Analysis Neglects World-Destroying Crash?

from The Daily Bell:
“The path of least resistance in the short term seems to be for stocks to go higher, but to do so sustainably we need to see much stronger economic growth and positive earnings growth,” said Wiegand, adding that he is surprised by the absence of volatility and range-bound markets. – Fox Business
The path of least resistance is up.
Until it’s down.
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Trump: Hillary Is “THE DEVIL”

“The gloves are off.”
by Steve Watson, Infowars:
GOP nominee Donald Trump directly referred to his Democratic rival Hillary Clinton as “The Devil” Monday during a speech to supporters in Pennsylvania.
Trump was speaking about Bernie Sanders’ decision to overlook his previous declarations and instead fully endorse Hillary.
“He made a deal with the devil. She’s the devil,” Trump declared.
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The List Of Establishment Republicans That Say They Are Voting For Hillary Clinton Is Staggering

by Michael Snyder, End Of The American Dream:
Who would have ever believed that so many big names in the Republican Party would publicly pledge to vote for Hillary Clinton in the 2016 election? All throughout the primaries and the caucuses, the Republican establishment expressed tremendous disdain for Donald Trump, but they were unable to derail his march to the nomination. Now that we have reached the general election, some of the biggest names in the GOP are actually taking the unprecedented step of crossing over to the other side and are publicly announcing their support for Hillary Clinton. This shows that many of these individuals were only “Republicans in name only” to begin with, and it also demonstrates the lengths that the elite are willing to go to in order to keep Donald Trump out of the White House.
One of the latest big Republican names to publicly support Hillary Clinton is Sally Bradshaw. CNN is describing her as “Jeb Bush’s top adviser”, and she has gone so far as to completely remove herself from the Republican Party because of Donald Trump…
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Turkey’s “Information Troops” Are Being Trained and Ordered Around by CIA

by Martin Berger, New Eastern Outlook:
We are finally able to distinguish Washington’s plans from behind the disinformation smokescreen that the corporate media has set around the creation of the so-called Turkish “Information Troops.” There’s no doubt that American special services are planning to use them to their full extent now against Russia, since Turkey is widely regarded in NATO as a bridgehead for conflict against Russia.
The primary working tool of Turkey’s new “information special forces” has become the so-called Onion Router, that was developed by the Center for High Assurance Computer Systems (CHACS) of the Office of Naval Research (ONR) within the Free Haven framework. The project was brought into life with the extensive assistance provided by theDefense Advanced Research Projects Agency (DARPA), in accordance with the demand of the federal government.
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The Delusional World Our Political Overlords Live In Is Doing Great!

by Nathan McDonald, Sprott Money:
If you’ve been watching the Democratic National Convention currently taking place in Philadelphia, then you should have a feeling swelling up from deep inside your body – a feeling of happiness and bliss. All is well in America! Everything is great, the economy is on track, and there are jobs galore. Wait, what?
The media and their political handlers have always tried to paint a rosy picture since the 2008 crisis began. They have engaged in a level of MOPE never seen before in our history and have thus been engaged in an unbelievable campaign of deception.
The everyday men and women of America know that the job market is in fact worse, not better. They know that the corruption that caused the 2008 economic crisis has not been dealt with, but in fact has increased. They know that the threat of terrorism is real and it needs to be dealt with, yet is being largely ignored by our current leaders.
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