Mr. Anthony Scaramucci, J.D., serves as the Founder, President, and Co-Managing Partner at SkyBridge Capital II, LLC. Mr. Scaramucci founded the firm in 2005. Prior to that, he worked at Lehman Brothers as a Managing Director in its investment management division. Mr. Scaramucci had co-founded Oscar Capital Management. Previously, he was a Vice President in private wealth management at The Goldman Sachs Group. Mr. Scaramucci was an Investment Professional at Fidelity Investments. He is a Non-Executive Director of Advisory Board of ZAN Partners Limited. Mr. Scaramucci serves as the Vice Chair of the Kennedy Center Corporate Fund Board. He is a Board Member of Warrior Gateway, The Brain Tumor Foundation, and Business Executives for National Security. Mr. Scaramucci sits on the Board of Advisors of the School of Arts and Sciences at Tufts University. He is a Trustee of the United States Olympic & Paralympic Foundation. In 2011, Mr. Scaramucci received the Ernst & Young Entrepreneur of The Year New York Award in the financial services category. He is the host of “Wall Street Week”. Mr. Scaramucci is the author of “The Little Book of Hedge Funds: What You Need to Know About Hedge Funds but the Managers Won’t Tell You” and “Goodbye Gordon Gekko: How to Find Your Fortune Without Losing Your Soul”. He is a regular contributor to Fox Business Network and Fox News Channel. Mr. Scaramucci earned a J.D. from Harvard Law School in 1989 and a B.A. in Economics from Tufts University in 1986.
I must offer a correction. The TRUTH is much worse than even D.K. knows.
Fund Manager Warns, “The Truth Is Worse Than Any of Us Can Possibly Know” July 20, 2017
As long as the mainstream media isn’t reporting the truth, the “truth” can’t be that bad, can it?
The truth is worse than any of us can possibly know…
From PM Fund Manager Dave Kranzler:
The biggest problem facing Illinois is the public pension fund problem. I don’t care what the “official” number is for the degree to which it is underfunded. I can guarantee that even without marking-to-real-market the illiquid investments like private equity funds, derivatives, commercial real estate trusts and other assets that do not have truly visible markets, collectively the public pension system in Illinois is at least 60-70% underfunded. Then apply a realistic assumed actuarial rate of return on assets, which would be lower than the current assumption (likely 7.5% ad infinitum) and the underfunding goes to 80%. The problem is unsolvable without a complete and drastic restructuring.
I was in a Lyft ride today and the driver happened to be from the northwest suburban area of Chicago. There’s a lot bad things happening in that State that are not reported in the mainstream media. All road public road work has been halted except toll roads. The gun violence has worked its way from the South Side up through downtown into the Gold Coast neighborhood and is winding its way north.
Coinbase To Suspend All Accounts On August 1st As “Civil War” Hard Fork Hammers Bitcoin… Massive Fraud Now The Norm At Coinbase July 19, 2017
(Natural News) There is no longer any question about it: Coinbase is a massive fraud and appears to be engaged in widespread criminal conspiracy. Coinbase is the most popular online wallet for Bitcoin, and I have previously reported on how Coinbase has seized Bitcoins from users in Wyoming and Hawaii, preventing them from accessing their coins even if they move their residency to a different state.
Coinbase is currently taking WEEKS to respond to urgent queries, I’m being told, and they provide no working mechanism whatsoever for users in Wyoming or Hawaii to change their state of residency. When those users attempt to login to upload new IDs or change their address, they are given “Unable to create account” errors which state that “Coinbase has indefinitely suspended its business…” in their old state. In effect, Coinbase has stolen all the Bitcoins from users in those states and may have already absconded with those Bitcoins.
Coinbase declares it will suspend / seize all accounts on August 1st
Our dear friend Mr. Williams once again states with us. – GDP Benchmark Revisions Should Weaken Headline Activity in 2014 and 2015 – Outlook for Second-Quarter GDP Continues to Darken – Despite a Statistically-Insignificant Monthly Rebound in June Housing Starts, Activity Plunged at an Increasingly-Rapid Pace of Quarterly Downturn – Building Permits and Housing Starts Both Showed Deepening Quarterly Losses: Permits Fell by 2.8% (-2.8%) in First Quarter, by 13.0% (-13.0%) in Second Quarter; Starts Fell by 3.3% (-3.3%) in First Quarter, by 21.9% (-21.9%) in Second Quarter – Downtrending Activity Remained Shy of Recovering Pre-Recession Peaks by 46.5% (-46.5%) for Housing Starts and by 44.6% (-44.6%) for Building Permits
“No. 900: June Housing Starts, Preview of GDP Benchmarking ”
Not a shortage of cash. Just another computer glitch?
Customers Shut Out Of Accounts For Hours During Bank Of America System Outage
July 19, 2017
Bank of America customers were shut out from their accounts for several hours Wednesday in a system outage.
Coral Springs resident Eric Sleeper said he got what looked like a phishing email from the bank Wednesday and immediately started calling customer service to see if something was wrong. A message on his online account said it could not pull up his information.
When he called his local branch, a manager said that local managers were all calling each other trying to figure out what caused what appeared to be a national outage and why they were unable to provide certain services.
The question this chart invites is not the level of the dollar today, but what on Earth – outside of blatant manipulation – had it at the insane level of 103 recently?
Bill Holter’s Commentary
This is not really pertinent news but I think we might be in a heap of trouble. My Dad used to tell me all sorts of crazy stuff would happen “when pigs fly”!
15 Pounds Of Frozen Italian Sausage Crashes On Florida Family’s Roof July 17, 2017
DEERFIELD BEACH, Fla. – A South Florida family is perplexed after recently waking up to a loud thud, only to find that the mysterious sound was several packages of frozen Italian sausage.
“It was like thunder, and it awakened me out of a sleep,” Travis Adair said.
More Strange Florida Headlines
Florida man sits on gun, shoots self in penis, police say
Florida man removes iguana from toilet
Monkey business: Florida man says primates swarming his property
Florida man leads deputies on chase through cow pastures, deputies say
Florida man who drove dead body to lawyer’s office won’t be charged
Adair said he and his family were awakened Saturday morning by a loud thud on the roof of their Deerfield Beach home.
“We got up, found two packages of sausage on our side yard, and then we were like, ‘OK, well, we got to go on the roof and check and see if we find more of this stuff,'” Austin Adair said.
And you thought we were nuts at the beginning of year when we forecast “2017, the year of the TRUTH BOMB”? This is an awful lot of ugly truth and one helluva truth bomb! Can you imagine what will happen to “confidence” when this finally goes mainstream? Truth can be hidden …for a while. The problem is it cannot be buried forever … What a horrible travesty!
Pope Francis announced that over 2,000 pedophile priests will NOT face criminal prosecution and be absolved by the Vatican.
House To Consider ‘Security’ Spending Bill Before Recess July 18, 2017
The House is expected to consider a huge spending bill next week mostly for agencies protecting national security before it leaves for its month-long August recess.
The legislation will only provide funding for defense, the Energy Department, legislative branch operations and the Department of Veterans Affairs.
“It is vital that we demonstrate our commitment to America’s men and women in uniform and uphold our Constitutional duty to provide for the common defense. Therefore, this appropriations package will focus on meeting our nation’s security needs,” read an announcement from House Majority Leader Kevin McCarthy’s (R-Calif.) office on Tuesday.
The announcement comes after GOP leaders had begun talking to their members about doing an omnibus spending bill that would cover the entire federal government for the next fiscal year.
Dems launch ‘no confidence’ resolution against Trump July 19, 2017
A group of liberal House Democrats stepped up criticism of President Trump on Wednesday, introducing a “no confidence” resolution that officially questions Trump’s fitness to serve as commander in chief.
It logs a laundry list of controversies swirling around the president — including his campaign’s many contacts with Russian officials, his refusal to release his taxes, his verbal attacks on women and the press, and his firing of FBI Director James Comey.
Sponsored by Rep. Steve Cohen (D-Tenn.), the resolution has been endorsed by 23 more Democrats, including Reps. John Lewis (Ga.), a civil rights icon; John Yarmuth (Ky.), ranking member of the Budget Committee; David Cicilline (R.I.), who leads the Democrats’ policy and communications arm; and Judy Chu (Calif.), who heads the Congressional Asian Pacific American Caucus.
Sometimes “smart people” are really dumb. This defies logic even a pet goldfish can analyze! Maybe it’s the legalized reefer, who knows?
Why Universal Basic Income Is Gaining Support, Critics July 15, 2017
The idea of a universal basic income — monthly cash payments from the government to every individual, working or not, with no strings attached — is gaining traction, thanks in part to endorsements from Silicon Valley celebs.
Some see it as a way to compensate for the traditional jobs with benefits that will be wiped out by robotics, artificial intelligence, self-driving vehicles, globalization and the gig economy. Others see it as a way to reduce income inequality or to create a more efficient, less stigmatizing safety net than our current mishmash of welfare benefits.
“I think ultimately we will have to have some kind of universal basic income, I don’t think we are going to have a choice,” Tesla CEO Elon Musk said at the World Government Summit in Dubai in February.
When your choice is either not showing up or lying under oath, this makes sense. I mentioned about a month ago her new favorite number is “5”, which went over many heads. “5” as in taking the 5th!
Spyin’ Lyin’ Susan Rice Backs Out Of Congressional Testimony, Second Last Minute Cancellation In A Week July 17, 2017
Former National Security Advisor Susan Rice has abruptly canceled a Tuesday appearance in front of the House Intelligence Committee to discuss allegations that she requested the ‘unmasking‘ of various members of the Trump campaign on behalf of the Obama administration.
Rice’s cancellation comes on the heels of another nix’d testimony from Glenn Simpson – the former Wall St. Journal reporter who co-founded opposition research firm Fusion GPS – which was responsible for an embarrassingly amateur and largely debunked 35-page Trump-Russia ‘dossier’ used as evidence to request a FOIA surveillance warrant on a Trump associate.
Simpson’s Wednesday cancellation in front of the Senate Intel Committee appearance followed revelations that two Fusion GPS associates were intimately involved in a June 2016 sit-down between Donald Trump Jr., a Russian lawyer, and 6 other people – a meeting which has the appearance of a political ‘setup’ meant to ensnare the Trump team.
Judicial Watch Sues for Voter Registration Data Under National Voter Registration Act July 18, 2017
Defendant Montgomery County, Maryland Has More Registered Voters Than Voting Age Citizens
(Washington, DC) – Judicial Watch filed a lawsuit today in order to gain access under federal law to voter registration lists in Montgomery County, Maryland. The suit was filed against Montgomery County and the Maryland State Boards of Elections under the National Voter Registration Act of 1993 (NVRA). The lawsuit was filed in the U.S. District Court for the District of Maryland, Baltimore Division (Judicial Watch vs. Linda H. Lamone, et a.l (No. 1:17-cv-02006)).
In an April 11, 2017, notice letter sent to Maryland election officials, Judicial Watch explained that there were more registered voters in Montgomery County than there were citizens over the age of 18. The letter threatened a lawsuit if the problems with Montgomery County’s voter rolls were not fixed. The letter also requested access to Montgomery County voter registration lists in order to evaluate the efficacy of any “programs and activities conducted for the purpose of ensuring the accuracy and currency of Maryland’s official eligible voter lists during the past 2 years.” On July 7, Maryland denied Judicial Watch access to the voter registration list because Maryland laws supposedly restricts the release of voter registration information only to Maryland registered voters.
But Section 8(i) of the NVRA provides that “[e]ach State shall maintain for at least 2 years and shall make available for public inspection and, where available, photocopying at a reasonable cost, all records concerning the implementation of programs and activities conducted for the purpose of ensuring the accuracy and currency of official lists of eligible voter.”
Jim and I spoke this morning and wondered “where” we would be right now had she won? Jim grew up in the 40’s and 50’s, me in the 60’s-70’s, we ask “how can this be”?
Bill Holter’s Commentary
…Business as usual? Someone needs to go to jail damnit!
Watchdog Uncovers New Evidence of Quid Pro Quo at Hillary State Dept. July 16, 2017
(LifeZette) Judicial Watch released 448 pages of documents Friday showing further incidences of Huma Abedin, 2016 Democratic presidential nominee Hillary Clinton’s former deputy chief of staff in the State Department, allocating special treatment to Clinton Foundation donors while Clinton served as Secretary of State.
Clinton’s use of a private email server to conduct government business clouded her presidential campaign. The latest batch of documents released Friday arrived long after the conservative legal watchdog organization filed its lawsuit in May 2015 requesting “all emails of official State Department business received or sent by former Deputy Chief of Staff Huma Abedin from January 1, 2009 through February 1, 2013 using a non-‘state.gov” email address.”
The 448 pages Judicial Watch released Friday included six email exchanges that Clinton had failed to turn over to the State Department and brought the total number of known emails that Clinton didn’t turn over to 439. Although Clinton submitted roughly 55,000 pages of emails during the course of the probe into her private email server, these additional emails appear to contradict here statement that “as far as she knew” she had turned over all of her government email exchanges.
HUD SECRETARY DR. CARSON FINDS A MERE HALF A TRILLION IN ERRORS… … July 17, 2017
When then-President-elect Trump appointed former neurosurgeon and presidential candidate Dr. Ben Carson to be Secretary of the Department of Housing and Urban Development, I had to turn to my friend and colleague Catherine Austin Fitts, and exchange the “knowing wink.” Seriously, folks, we weren’t even in the same room when the announcement came. We were, in fact, hundreds of miles away, but nonetheless, I strongly suspect we both turned in that “metaphorical higher-dimensional imaged-space” that we all create when such things happen, and winked at each other. Indeed, later, during a phone call as we were discussing the various cabinet appointments that were rolling out, we both had to speculate on just how long it would take Dr. Carson to find major financial problems. I forget who said what, but one of use gave it about “six months.”
Bank Of England Warns “Bigger Systemic Risk” Now Than 2008 July 17, 2017
Stark warnings have been issued by the Bank of England and its regulatory arm, the Prudential Regulation Authority (PRA).
In less than one week the two bodies issued papers and speeches to warn industry members that many banks are showing signs of making the same mistakes that led to the 2008 financial crisis – the outcomes of which are predicted to be worse than those seen just nine years ago.
Increased risks have been noted at different ends of the financial system, from the European corporate bond markets right through to retail lenders.
MIT will from now on be classified as a FAKE university…
Research Team Slams Global Warming Data In New Report: “Not Reality… Totally Inconsistent With Credible Temperature Data” July 15, 2017
As world leaders, namely in the European Union, attack President Trump for pulling out of the Paris Climate Agreement which would have saddled Americans with billions upon billions of dollars in debt and economic losses, a new bombshell report that analyzed Global Average Surface Temperature (GAST) data produced by NASA, the NOAA and HADLEY proves the President was right on target with his refusal to be a part of the new initiative.
According to the report, which has been peer reviewed by administrators, scientists and researchers from the U.S. Environmental Protection Agency (EPA), The Massachusetts Institute of Technology (M.I.T.), and several of America’s leading universities, the data is completely bunk:
In this research report, the most important surface data adjustment issues are identified and past changes in the previously reported historical data are quantified. It was found that each new version of GAST has nearly always exhibited a steeper warming linear trend over its entire history. And, it was nearly always accomplished by systematically removing the previously existing cyclical temperature pattern. This was true for all three entities providing GAST data measurement, NOAA, NASA and Hadley CRU.
Subject: It’s never taken more man-hours to buy a unit of the S&P 500. Bank of America Merrill Lynch.
REFILE-COLUMN-The waning power of the petrodollar: McGeever
July 13, 2017
LONDON, July 13 (Reuters) – When the Federal Reserve begins reducing its holdings of U.S. Treasuries as expected later this year, some of the most consistent buyers of U.S. bonds over the last 15 years may be less than willing to fill the breach.
Before the financial crisis, the flow of “petrodollars” was one of the most powerful forces driving the U.S. bond market and the dollar, as oil exporters invested their booming trade surpluses into Treasuries.
But that flow isn’t what it once was, and may be about to dry up further. The Fed’s $1.7 trillion bond-buying stimulus has crowded out demand from oil exporters and their once huge trade surpluses have shrunk thanks to sluggish oil prices.
A message from our friend and respected colleague, Mr. Williams.
I interpret his message as follows:
There are three things that are real, not fantasy
1/ Donald Trump is POTUS.
2/ The Global Economy is flushed.
3/ The only excuse that can be used to explain the equity market is hyperinflation is around the corner if not already here is disguise. Remember the equity market in Venezuela, Zimbabwe and Weimar?
Subject: Commentary No. 899: June Industrial Production, Retail Sales, CPI and PPI
– Weaker-Than-Expected Headline Reporting Continued, as Negative Revisions Plagued Headline Production and Retail Sales Data – Downside Implications for Both First- and Second-Quarter 2017 GDP – Above-or-At-Consensus Headline June Production and Manufacturing Gains Reflected No More than Heavy Downside Revisions to Prior Months – No End in Sight: Record 114 Months of Continued Non-Expansion in Manufacturing, With June Production and Manufacturing Still Down Respectively by 0.2% (-0.2%) and 6.1% (-6.1%) from Pre-Recession Highs – Retail Sales Contractions Continued, Despite Upside Growth Distortions from Inconsistent Seasonal-Adjustment Revisions; Net of the Gimmicks, the Headline June Sales Drop of 0.2% (-0.2%) Would Have Been 0.5% (-0.5%) – Recession Signal Intensified Sharply; Market Economic Sentiment Appears to Be Shifting to the Downside, as Reflected in a Softening Dollar – Consumer Liquidity Stresses Continue to Restrain Broad Economic Growth – Headline June CPI-U Inflation Unchanged at Down 0.02% (-0.02%), Pulled Annual CPI-U Inflation Lower to 1.63% (Was 1.87%), with CPI-W at 1.50% (Was 1.78%) and ShadowStats at 9.3% (Was 9.6%) – Softening Consumer Inflation Likely Hit a Trough in June – June 2017 Annual Final-Demand PPI Declined to 1.99% (Was 2.36%)
“No. 899: June Industrial Production, Retail Sales, CPI and PPI ”
Now there’s no taxes to pay, no real names required, nothing whatsoever backing it. No regulations for drug money movers, ultimate money launderers bigger than Enron. The perfect currency of terrorism has just been invaded by those who claim they are doing the work of God. Now all hell is going to break loose.
In time bitcoin with have an S in front of it.
In time there will either be no or one man left standing in the BS computer money field.
Guess who it will be?
“The volatility will deter all as it a tiny illiquid hugely speculative, hugely leveraged and gamed vehicle. It makes metal look solid even though government controlled … no “currency” of exchange can have even a tiny fraction of this volatility. David A.”
Goldman Wins Patent For Its Own Cryptocoin Technology July 17, 2017
Goldman Sachs has clinched an important victory in its race to transition from a stodgy investment bank into a fintech powerhouse: it was awarded a patent for its proposed “SETLcoin” cryptocurrency settlement system, according to CoinDesk, the first to report on the patent.
“The US Patent and Trademark Office (USPTO) published Goldman’s patent on July 11, entitled “Cryptographic currency for securities settlement”. The bank made headlines when the existence of the patent application was revealed in late 2015.”
The concept envisions a system for settling securities trades using cryptocurrency instead of cash or other cash equivalents. When filed in December of 2015, the application notably outlined methods for exchanging SETLcoins for digitized stocks for firms like Google and Microsoft, as well as cryptocurrencies, naming bitcoin and litecoin in particular, as CoinDesk explains.
Talk about a man walking in an mine field cluttered with body parts?
This boy either has the courage of Thor or has lost his marbles.
New Clinton/Abedin Emails Revealed! July 14, 2017
Our understanding of the Obama administration and Hillary Clinton’s State Department continues to expand as more of her illicit server’s emails are revealed.
This week we released 448 pages of documents from the U.S. Department of State revealing new incidents of Huma Abedin, deputy chief of staff to former Secretary of State Hillary Clinton, providing special State Department treatment to major donors to the Clinton Foundation and political campaigns.
The heavily redacted documents from Abedin’s non-government account include an email from Hillary Clinton’s brother, Tony Rodham, to Abedin revealing that he acted as a go between for a Clinton Foundation donor, Richard Park. And they reveal Clinton Foundation executive Doug Band instructing Abedin to “show love” to Clinton donor Andrew Liveris.
Russia’s Largest Bank Makes First Transaction on Shanghai Gold Exchange as Moscow, Beijing Prepare for Trade in Gold July 14, 2017
Russia’s largest, state-owned bank Sberbank announced on Thursday its Swiss subsidiary had begun trading physical gold on the Shanghai Gold Exchange.
Reuters reports:
Sberbank was granted international membership of the Shanghai exchange in September last year and in July completed a pilot transaction with 200 kg of gold kilobars sold to local financial institutions, the bank said.
Sberbank plans to expand its presence on the Chinese precious metals market and anticipates total delivery of 5-6 tonnes of gold to China in the remaining months of 2017.
Gold bars will be delivered directly to the official importers in China as well as through the exchange, Sberbank said.
Russia’s second-largest bank VTB is also a member of the Shanghai Gold Exchange.
Chalk up another one? The odds are pretty good it was scheduled to testify against the Clintons in the next few days…!
Robot Security Guard “Commits Suicide” In Mall Fountain July 17, 2017
We were promised flying cars, instead we got suicidal robots.”
That was the comment of Twitter user Bilal Farooqui who this afternoon surprised the social network with a bizarre image: a robot which “commited suicide” by drowning itself in a public fountain.
Is it dangerous to even know these people? At what point does DOJ investigate “coincidences” as being a pattern as 2+2 equaling 4? At least these two received autopsies not afforded Justice Scalia…
EXCLUSIVE: Doubt Surfaces About ‘Suicide’ Claim of Clinton Investigator July 14, 2017
A Wall Street analyst who spoke to Peter Smith the day before he reportedly committed suicide told the Daily Caller News Foundation there were no indications the Chicago businessman and anti-Clinton political investigator was about to take his life.
“He may have been a fantastic actor but I certainly didn’t leave that phone call saying, ‘oh shit, the guy’s at the end of his rope,’” Charles Ortel, a Wall Street investment banker and market analyst, told The Daily Caller News Foundation’s (TheDCNF) Investigative Group.
“This does not seem like a settled story. It made perfect sense to me he might have died of natural causes, but little chance he would have killed himself,” Ortel said.
One can only hope and pray President Trump wins this war!
Trump’s War on Pedophiles Just Went Hot July 14, 2017
“My Administration is focused on ending the horrific practice of human trafficking, and the three bills the House of Representatives passed today are important steps forward. Since taking office, I have met with courageous survivors, non-profit groups, and faith leaders who are devoting tremendous energy to raising awareness about human trafficking. I am hopeful that the Senate will take up and pass these three bills as soon as possible and I look forward to my continued work with the Congress on this important issue.” — Statement from President Donald J. Trump on the Passage of H.R. 2664, H.R. 2480, and H.R. 2200, July 12, 2017
Just before leaving for his trip to France, President Trump sent three Anti-Human-Trafficking bills through the House of Representatives and on their way to the Senate. Curiously – or not – we haven’t heard much about this from #FakeNews outlets like CNN.
Fukushima’s Radioactive Water To Be Released Into Ocean Under New Plan July 14, 2017
The “decision has already been made” to release radioactive material from the Fukushima plant into the ocean, according to its owners. Fishermen have reacted with fury to the decision, claiming it will devastate their already struggling industry.
Under the plan the radioactive material tritium, which is being used to cool reactors whose cooling systems were damaged in the 2011 tsunami, will be released into the Pacific Ocean.
“I’m very sorry that Tepco has been prolonging making a decision,” the new chairman of Tokyo Electric Power Company Holdings (TEPCO) Takashi Kawamura told reporters on Thursday, reported Reuters. “We could have decided much earlier, and that is Tepco’s responsibility.”
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