Posts Categorized: In The News

Posted by & filed under In The News.

Bill Holter’s Commentary

Sounds like classic racism and religious persecution to me, but what do I know?

Fwd: FW: Asian American Candidates, Muslim American Candidates
From:gaylesmithgayle@gmail.com

To: john.podesta@gmail.com

Date: 2008-10-17 08:18

Subject: Fwd: FW: Asian American Candidates, Muslim American Candidates

 

Lists from Preeta attached. I took Mansour Ijaz off the list, way bad idea,

can explain if needed. G

 

———- Forwarded message ———-

From: Bansal, Preeta D <PBANSAL@skadden.com>

Date: Mon, Sep 29, 2008 at 11:01 PM

Subject: FW: Asian American Candidates, Muslim American Candidates

To: John Podesta <jpodesta@americanprogress.org>, Gayle Smith <

gaylesmithgayle@gmail.com>

 

FYI also.

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Posted by & filed under In The News.

Bill Holter’s Commentary

We were called retarded in 2016 for suggesting pedophilia was rampant not just in the US but globally. This is just one state, and only clergy. Here are 50 states in total, don’t be shocked when some very elite political names get bagged?

301 ‘Predator Priests’ Named In Pa. Grand Jury Sex Abuse Report: ‘They Were Raping Little Boys & Girls’
August 14, 2018

PITTSBURGH (KDKA) — The long-awaited state grand jury report into sexual abuse in six Pennsylvania dioceses, including Pittsburgh and Greensburg, has finally been released.

The 884-page document, two years in the making, shines a light into the dark corners of these dioceses going back seven decades, exposing the predators and the efforts of their bishops to protect them.

“Today, the most comprehensive report on child sexual abuse within the church ever produced in our country was released,” Attorney General Josh Shapiro said. “Pennsylvanians can finally learn the extent of sexual abuse in these dioceses. For the first time, we can all begin to understand the systematic cover up by church leaders that followed. The abuse scarred every diocese. The cover up was sophisticated. The church protected the institution at all costs.”

Several clergy abuse victims who had testified before the grand jury attended Shapiro’s news conference. At least one of them could be seen breaking down in tears.

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Jim Sinclair’s Commentary

THIS HAS A TERRIBLE STINK TO IT.

1/ The children found at the compound were in dire near death condition from maltreatment.

2/ The remains of a dead child was found buried at the this compound.

3/ The purpose of this compound was to indoctrinate children as terrorists.

4/ The mode of this terrorism was to conduct school shootings with automatic weapons.

5/ Weapons were found at this compound.

6/ The staff of this compound were Islamists or favored themselves as such.

7/ The compound was clearly built to conduct resistance against incoming fire. It was prepared for war.

Authorities appear to be treating this situation lightly without any compelling reason we know of. The question is what in the world is going on here, and more so why?

Woman Arrested At ‘Extremist Muslim’ New Mexico Compound Moved To Federal Custody, Sheriff Says
August 15, 2018

Judge sets $20,000 bond for each defendant after saying prosecutors failed to articulate any specific threats to the community.

Jany Leveille, one of the five suspects arrested at the “extremist Muslim” compound in northern New Mexico, has been transferred to the custody of U.S. Citizenship and Immigration Services (USCIS), Taos County Sheriff Jerry Hogrefe said Tuesday.

The remaining detainees are currently still in custody, the sheriff said.

Siraj Wahhaj, 40 , another suspect from the compound, is being held on an outstanding warrant from Georgia, Hogrefe said, while the three others allegedly involved – Lucas Morten, Hujrah Wahhaj and Subhannah Wahhaj – are still incarcerated pending the fulfillment of their release conditions.

The defendants were arrested and 11 children were taken into custody during a raid Aug. 4 on the compound near the Colorado state line.

Jany Leveille was transferred to federal custody on Tuesday.  (Taos County Sheriff via AP)

News of Leveille’s transfer comes a day after a judge ruled against the request of prosecutors to keep the five suspects imprisoned. Judge Sarah Backus said although she was concerned by “troubling facts,” prosecutors failed to articulate any specific threats to the community.

She set a $20,000 bond for each defendant and ordered that they wear ankle monitors and have weekly contact with their attorneys.

The children discovered at the compound earlier this month were both trained to use firearms and taught multiple tactical techniques in order to kill teachers, law enforcement and other institutions they found corrupt, state prosecutors said on Monday.

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Jim Sinclair’s Commentary

You trust fiat currency to protect you? That is madness! Are you giving up your insurance in this orchestrated gold rout? If you have a logical and not emotional mind, stand strong.

U.S. Household Debt Rises To $13.3 Trillion In Second Quarter
August 14, 2018

NEW YORK (Reuters) – Americans’ borrowing reached $13.29 trillion in the second quarter, up $454 billion from a year ago, marking a 16th consecutive quarter of increases, a New York Federal Reserve report released on Tuesday showed.

The level of U.S. consumer debt was $618 billion higher than the previous peak of $12.68 trillion in the third quarter of 2008. It was 19.2 percent above a post global credit crisis low set in the second quarter of 2013, the New York Fed said.

The ongoing growth in home, auto, student and credit loans has been linked with a solid labor market.

The rise in indebtedness did not make it more difficult for borrowers to meet their monthly payments last quarter.

The rate on seriously delinquent loans, or those that are 90 days or more past due, was 2.3 percent in the second quarter, unchanged from the prior quarter. Notably, the pace of student loans turning seriously delinquent slowed to 8.6 percent from 8.9 percent, the N.Y. Fed survey showed.

“While overall delinquency rates have remained stable at relatively low levels, transition rates into delinquency have fallen noticeably for student loan over the past year, reflecting an improved labor market and increased participation in various income-driven repayment plans,” Wilbert van der Klaauw, senior vice president at the New York Fed, said in a statement.

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Bill Holter’s Commentary

We’ve been trying to tell you this for a while now…

Horrifying UN Report Details Widespread Child Rape by High-Level UN Employees
August 12, 2018

A deeply disturbing report has finally been released by the United Nations detailing the rampant sexual exploitation of children by UN employees that is widespread, throughout multiple countries.

While pieces of the report were released previously, the full report, detailing the scope and horrifying nature of the abuse was only just released in July.

As Disobedient Media points out in a scathing report,

The publication of a summary version of the report caused a global furor in 2002, eventually leading to some policy changes. However, these efforts have proven woefully insufficient in light of ongoing scandals, including but not limited to the recent Oxfam debacle, the Zoe’s Ark scandal, allegations of horrific sexual abuse in the Central African Republic by UN forces, and the Laura Silsby incident. All of these cases (and many others) occurred after the partialpublication of the UNHCR report, pointing to one unsavory conclusion:

Aid work is not a vehicle of charity, but is, in a very real sense, a cover for atrocity. It is a weapon, a blunt instrument of power that is wielded to exploit the most vulnerable populations in crisis around the world. We can now state that sentiment as fact, not opinion.

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Jim Sinclair’s Commentary

Mr. Williams has with us his work plus an interesting quote on the Def’s intentions, in light of the true statistics.

– July 2018 CPI-U, CPI-W and PPI-FD Goods Annual Inflation Rates Jumped to Respective New 79-Month Highs (Since December 2011) of 2.95%, 3.16% and 4.50%
– Less-Meaningful PPI-FD Aggregate Inflation Backed Off to 3.27% from 3.37% in June, Hit by Falling Profit Margins at Gasoline Stations
– July 2018 Real Average Weekly Earnings Contracted Anew, Month-to-Month (Seasonally Adjusted) and/or Year-to-Year (Unadjusted) Down by 0.01% (-0.01%) in the Month, by 0.22% (-0.22%) in the Year for Production and Nonsupervisory Employees
– Real Average Weekly Earnings for All Employees Fell by 0.20% (-0.20%) in July, Unchanged at 0.00% Year-to-Year
– Intensifying Consumer Income and Credit Woes Dim Economic Prospects
– Mounting Systemic- and Consumer-Liquidity Issues Reflect Fed Tightening and Surging Annual Inflation, Driven by Oil Prices, Not by Strong Economic Demand
– FOMC-Targeted Annual “Core” CPI-U Inflation Rose to 2.35% from 2.26%, “Worst” Level Since September 2008, Although It Was 2.33% in February 2016

– Fed Rumblings for Greater Rate Hikes to Kill the “Overheating” Economy

“No. 965: July 2018 Consumer and Producer Price Indices, Real Earnings, FOMC ”

www.shadowstats.com

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Bill Holter’s Commentary

Dave spoke of this yesterday on our weekly call for subscribers.

Following The Golden Rule: Iran & Venezuela Prime Examples Of Intrinsic Value Of Money Vs. Gold
August 11, 2018

Once again, gold has proved itself to be the most reliable safe haven as more and more citizens in countries hit by US sanctions are hoarding the metal in an effort to protect their savings from collapsing national currencies.

Rising demand for gold in Iran and Venezuela has sent prices for the precious metal to unprecedented levels while local currencies depreciate daily.

As of the end of July, gold prices in the struggling Latin American state saw a 3.1-million-percent increase against the beginning of the year, with an ounce of the yellow metal surging to 211 million bolivars ($1019,45). Venezuela is currently fighting the worst economic crisis ever, with the International Monetary Fund (IMF) expecting inflation to reach a colossal one-million percent by the end of 2018. The skyrocketing inflation that is unavoidably dragging down the Venezuelan bolivar is forcing people to buy up gold to keep their savings from disappearing.

Venezuela is currently the subject of various penalties imposed by the White House over alleged violations of human rights and of undermining democracy. Americans are banned from investing in newly issued Venezuelan bonds and the country’s state-run corporations. Caracas sees this “economic war” as one of the key reasons for longstanding crisis in the country.

At the same time, the latest decision by the US to partially re-impose sanctions on Iran has boosted demand for gold in that country, as its citizens are looking to protect their wealth against the devaluation of the national currency.

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Bill Holter’s Commentary

It only took a moment for this article to click in mentally. I guess they will probably also study global warming on this mission…and make a stopover on the moon?

NASA Launches Historic Probe To ‘Touch Sun’
August 12, 2018

TAMPA (AFP) –

NASA on Sunday launched a $1.5 billion spacecraft toward the Sun on a historic mission to protect the Earth by unveiling the mysteries of dangerous solar storms.

“Three, two, one, and liftoff!” said a NASA commentator as the Parker Solar Probe lit up the dark night sky aboard a Delta IV-Heavy rocket from Cape Canaveral, Florida at 3:31 am (0731 GMT).

The unmanned spacecraft aims to get closer than any human-made object in history to the center of our solar system.

The probe is designed to plunge into the Sun’s atmosphere, known as the corona, during a seven-year mission.

It is protected by an ultra-powerful heat shield that can endure unprecedented levels of heat, and radiation 500 times that experienced on Earth.

– Strange veil –

NASA has billed the mission as the first spacecraft to “touch the Sun.”

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Bill Holter’s Commentary

SUPRISE…No rules! What a shocker?

The Rules of the Bond Game
July 23, 2018

American hard money advocate, economist, and publisher Franz Pick once called government bonds “Guaranteed Certificates of Confiscation.” In making that statement, he assumed the government would eventually inflate the debt away and thus confiscate the buyers’ purchasing power.

Yet here we are, with U.S. Treasury Bonds holding steady despite seven rate hikes by the U.S. Federal Reserve, huge increases in the supply of bonds, and inflation on the rise. The obvious question is, why?

The reason why government debt keeps increasing and yields are more or less stable isn’t because of the fundamentals of the debt, deficit, or the economy. Instead, it is because the rules of the bond game are written by the banks, for the banks.

In my first book, “Methods of a Wall Street Master,” I introduced “The Gamboni.” Joe is a skilled poker player, but when he sits down at a new game, he has not learned the rules of the house, which include a special set of winning cards called “The Gamboni.” He therefore loses and goes broke. The moral of that story: If you want to win a game, you have to know the rules.

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Bill Holter’s Commentary

Please read and understand this regarding trade. Trade contraction is coming whether man made by tariffs or via credit contraction.

How The Global Trade Contraction Begins
August 11, 2018

Authored by EconomicPrism’s MN Gordon, annotated by Acting-Man’s Pater Tenebrarum,

Historical Evidence

The world grows increasingly at odds with itself, with each passing day.  Divided special elections.  Speech censorship by Silicon Valley social media companies.  Increased shrieking from Anderson Cooper.  You name it, a great pileup is upon us.

It was probably Putin’s fault (just a wild guess) [PT]

From our perch overlooking San Pedro Bay, the main port of entry for Chinese made goods into the USA, facets of the mounting economic catastrophe come into focus.  These elements, even for the most untrained of eyes, are impossible to miss.

To meet the relentless expansion of international trade, berths have been widened, and channels have been deepened to accommodate the definitive absurdity of perpetual credit creation:  The CMA CGM Benjamin Franklin.

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Jim Sinclair’s Commentary

I think the short seller (mainly singular) may have driven Elon nuts.

DealBook Briefing: Where Is Tesla’s Money?
August 9, 2018

Everyone wants to know where Tesla’s cash will come from

Elon Musk’s declaration that he’s (potentially) taking his electric carmaker off the public markets has everyone’s attention, from Wall Street to regulators. The big question: How will he pay for it?

Bankers at Goldman Sachs, Citigroup and elsewhere on Wall Street are feverishly trying to figure out how to make the plan work — and secure an advisory role — despite being in the dark on Mr. Musk’s efforts.

Their current thinking, according to the NYT: A full buyout is probably a nonstarter, but buying out enough shareholders to let the company delist its stock is more possible, and could be worth up to $20 billion.

Meanwhile, the S.E.C. is investigating whether Mr. Musk just violated securities laws. It’s the last two words of his tweet that count here: “funding secured.” If they’re not entirely true, he’s probably in trouble.

Investors are as likely as the regulator to push Mr. Musk to put up or shut up, and to tell them exactly where that funding was secured. (SoftBank turned him down, for starters.)

Short sellers of Tesla shares, who lost more than $1 billion after Mr. Musk’s tweets, are holding firm. They think a deal won’t happen, in part because they believe no one will want to back it.

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Exclusive–Eric Eggers: November Midterms ‘Poised for a Tsunami of Voter Fraud’
August 8, 2018

The Government Accountability Institute’s (GAI) Eric Eggers, author of Fraud: How the Left Plans to Steal the Next Election, warned of a potential “tsunami of voter fraud” within November’s forthcoming midterm elections during a Tuesday interview on SiriusXM’s Breitbart News Tonight with Breitbart News Senior Editor-at-Large Rebecca Mansour.

Eggers pointed to narrow electoral margins of victory in Tuesday’s elections as evidence of vulnerability to the threat of voter fraud.

Eggers noted how voter fraud had been documented in numbers large enough to swing presidential elections. He pointed to the volume of “double-votes” GAI identified among Florida residents via a study of voter rolls from 2016’s presidential election.

Eggers said, “[The GAI] performed a nationwide first-of-its-kind study to look at actual votes that were cast in the 106 election. We combined all the publicly available voter rolls that we could get, and we hired a data consultant and contracted with a commercial database … and what we found was stunning. We found that in the state of Florida, in 2016, there were 2,100 double-votes that were cast. That means 2,100 times, somebody that lives in Florida cast a ballot, and then cast a second ballot in a different state. … That’s nearly four times what the margin of victory was in the presidential election in 2000.”

Eggers added, “These are the kinds of stakes that can absolutely swing an election.”

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Bill Holter’s Commentary

Really? Russia, Russia, Russia?

Sen. Dianne Feinstein’s Ties To China Go Way Deeper Than An Alleged Office Spy
August 8, 2018

“I sometimes say that in my last life maybe I was Chinese.”—Sen. Dianne Feinstein

As media, intelligence agency, and political scrutiny of foreign meddling is seemingly at its apex, a story with big national security implications involving a high-ranking senator with access to America’s most sensitive intelligence information has been hiding in plain sight.

The story involves China and the senior U.S. senator from California, and former chair of the Senate Select Committee on Intelligence, Democrat Dianne Feinstein. It was buried eight paragraphs into a recent Politico exposé on foreign efforts to infiltrate Silicon Valley, as a passing example of political espionage:

Former intelligence officials…[said] Chinese intelligence once recruited a staff member at a California office of U.S. Senator Dianne Feinstein, and the source reported back to China about local politics. (A spokesperson for Feinstein said the office doesn’t comment on personnel matters or investigations, but noted that no Feinstein staffer in California has ever had a security clearance.)

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1600 Daily – The White House
August 9, 2018

The Day Ahead

President Donald J. Trump is hosting a roundtable discussion with governors on prison reform and the FIRST STEP Act before Congress.

Vice President Mike Pence is speaking about the President’s planned Space Force at the Pentagon.

The startling facts about America’s prison system

Following successful bipartisan passage of the FIRST STEP Act in the House of Representatives, President Trump is hosting a roundtable with a number of America’s governors today to discuss implementing prison reform in their states. 

President Trump supports efforts to reduce recidivism—the return of former inmates to prison—as a way to make America’s streets safer. The Administration has worked closely with Congress to find a solution that reduces crime, enhances public safety, and increases opportunity for those who have earned a second chance. 

“The facts about America’s prison system are startling,” Senior Advisor Jared Kushner wrote in The Wall Street Journal in April. “The U.S. has 4% of the world’s population, but roughly 25% of the world’s prisoners. . . . Of the 650,000 people who leave prison every year, two-thirds will commit a new crime within three years.”

The bottom line, says Kushner: “President Trump promised to fight for the forgotten men and women of this country—and that includes those in prison.”

The starting facts about America’s prison system.

Taking action: President Trump’s principles for reforming our prisons

Vice President Pence on the U.S. Space Force

In keeping with President Trump’s promise to rebuild American strength and deterrence, the Administration is moving ahead to fulfill the President’s plan to establish a U.S. Space Force as part of our nation’s Military. 

Vice President Pence, who chairs the National Space Council—which President Trump revived after a 24-year hiatus—is addressing defense leaders at the Pentagon today about the new Force. His effort builds on the President’s work to reinstate America as a leader in space. 

“In America, we understand that a nation is only living as long as it is striving,” President Trump said in his Inaugural Address. Making America a pioneer in space once again brings us closer to that vision. 

In space, America will once again reach for the Moon—and beyond.

The facts: President Trump’s “America First” National Space Strategy

Posted by & filed under In The News.

Bill Holter’s Commentary

I’m not sure it’s such a good idea to fly on a plane with a deranged pilot?

Ex-Fed Economist Says Pension Giant Should Buy More Junk Bonds
August 8, 2018

A former senior economist at the Federal Reserve suggests that the world’s largest pension fund should step out of its comfort zone.

Yoshio Nozawa, who researched corporate bond spreads for the Fed over the past five years, said Japan’s Government Pension Investment Fund and its peers should buy more high-yield bonds and alternative assets such as real estate. The pension fund’s long-term performance of its 158.6 trillion yen ($1.43 trillion) in assets is more important than quarterly results, he said.

“Investors that can own assets for a long period have a high risk tolerance,” Nozawa, 39, said in an interview in Tokyo after receiving a GPIF award for corporate bond research in July. “Pension funds have the advantage of being able to hold low-liquidity products that other investors usually shy away from, so there’s room for them to consider investing in more of those assets.”

The GPIF revised investment guidelines earlier this year to include the buying of Japanese debt rated below BBB, or junk bonds, under certain conditions. As of March-end, it allocated about 415 billion yen to actively managed foreign high-yield bond funds run by firms such as Nomura Asset Management, MacKay Shields and UBS Asset Management.

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