Did Saudis, CIA Fear Khashoggi 9/11 Bombshell? October 14, 2018
The macabre case of missing journalist Jamal Khashoggi raises the question: did Saudi rulers fear him revealing highly damaging information on their secret dealings? In particular, possible involvement in the 9/11 terror attacks on New York in 2001.
Even more intriguing are US media reports now emerging that American intelligence had snooped on and were aware of Saudi officials making plans to capture Khashoggi prior to his apparent disappearance at the Saudi consulate in Istanbul last week. If the Americans knew the journalist’s life was in danger, why didn’t they tip him off to avoid his doom?
Jamal Khashoggi (59) had gone rogue, from the Saudi elite’s point of view. Formerly a senior editor in Saudi state media and an advisor to the royal court, he was imminently connected and versed in House of Saud affairs. As one commentator cryptically put it: “He knew where all the bodies were buried.”
Peter Pan comes back from flying high, but finds nowhere to land!
Look for the “golden” runway m’boy.
CIGA Wolfgang Rech
Don’t Hold Your Breath For A “Powell Put” To Protect From The Market Plunge October 11, 2018
In April of this year, Deutsche Bank calculated the level of the new “Powell Put,” noting that one can estimate the strike of that ‘put’ in two different ways.
First, delta neutral, in which a rise in vol is compensated with lowering of the strike in such a way that the underlying is unchanged. Using this approach we find that the S&P drop started at the point when S&P was at 2800 which places the new strike of the Fed put somewhere in the 2300 — 2400 range.
Adding that the “Fed put is embedded in the beta, which represents response of stocks to rates rise. Higher strike, i.e. lower deductible, implies a more protective Fed; lower beta corresponds to a higher deductible or a lower strike of the put.” And as shown above, where previously the beta was 10, it has since jumped to 30, meaning that the Fed remains highly protective (as Bank of America repeatedly showed before). According to Kocic, “this is a residual of the Fed’s awareness of the distortions caused by QE as well as the market’s vulnerability to stimulus withdrawal.”
And as Deutsche further explaineds, it is very unlikely that the market will sell off in a calm, cool and collected manner from its current level to 2,300; in fact, the drop would likely be far more stormy as a result of unwinding convexity flows, which push investors out of equities and into bonds. His explanation below:
How many Goldman employees does it take to run a country?
“Not Interested” – Dina Powell Won’t Replace Nikki Haley As UN Ambassador; Will Remain At Goldman: BBG October 11, 2018
Former Deputy National Security Advisor for Strategy Dina Powell is said to be one of President Trump’s top candidates to replace Nikki Haley as ambassador to the UN when Haley leaves her post at the end of the year. However, according to a Bloomberg report, Powell is leaning toward staying at Goldman Sachs, where she serves on the bank’s 32-member advisory committee. Trump has reportedly called Powell about the job twice, once before Haley announced her resignation and again on Wednesday after their joint goodbye press conference. And although several Goldman execs who reportedly spoke with BBG for its story said they believe Powell would ultimately take the job if offered, others are aggressively pushing for her to stay.
“Dina is certainly a person I would consider and she’s under consideration,” said Trump, who has said he’s considering five people for the job, including Powell. Politico reported on Wednesday that Powell is the ‘top candidate’ for the job.
But Goldman CEO David Solomon made clear that he hopes Powell will remain at Goldman (presumably because the bank needs someone on the inside with strong connections inside the administration, particularly after the controversy surrounding Gary Cohn’s departure). However, if Powell did take the job, she would likely represent a revival of the ‘globalist’ wing of the Trump administration that appeared to lose out to the Bannonites after the Cohn’s departure.
It’s called “Not cutting off your nose to spite your face”.
As a massive importer of energy to support their huge growth, it behooves them to pick and choose sanctions.
Only makes sense.
That very action defies the article’s supposition that China’s economy is tanking.
“The move is intended to provide easier lending and more liquidity in China’s economy as the impact of U.S. sanctions start to hit manufacturing and the overall economy.”
Either your economy is slowing and therefore energy isn’t that critical….
or your economy is growing, and you need the damn stuff.
This appears to be nothing more than a propaganda piece to support our actions.
Appears to me that this will be a prolonged trade war.
CIGA Wolfgang Rech
China Blinks First In LNG Face-Off With US October 10, 2018
Authored by Tim Daiss via Oilprice.com,
Amid the ongoing trade war between the U.S. and China, it seems that Beijing may be getting the short end of the stick already.
On Sunday, the People’s Bank of China said it was cutting the reserve requirement ratio for most banks by 100 basis points, which will result in an injection of 750 billion yuan ($109.2 billion) in cash into China’s banking system. The move is intended to provide easier lending and more liquidity in China’s economy as the impact of U.S. sanctions start to hit manufacturing and the overall economy.
Not business as usual
Several analysts are claiming that the ratio move shows China is getting nervous about a protracted trade war with the U.S. However, if China is getting the jitters, the official tone coming out of Beijing is more stiff lipped defiance. The government claims in a 71-page paper that it’s not afraid of a trade war and that its economy is “heavily resilient.”
Brett Kavanaugh And The Quiet Lawsuit Exposing $Millions In Clinton, DNC Money Laundering October 6, 2018
DNC Motive for Destruction: Newly-minted Supreme Court Justice Brett Kavanaugh is just one court ruling and two appeals away from casting a deciding vote in a federal lawsuit alleging massive money laundering by the DNC, Hillary for America, and the Hillary Victory Fund.
Call it three degrees of separation. And Kevin Bacon nowhere in sight. Reverse the initials from KB to BK and Brett Kavanaugh can start a new game with intrigue that might carry a federal prison sentence.
Soon and very soon, Supreme Court Justice Brett Kavanaugh will be smack dab in the midst of a roiling but quietly building Federal lawsuit against the Federal Election Commission involving Hillary Clinton and the Clinton Victory Fund that alleges a very fancy paper shuffle and the laundering of hundreds of millions of dollars in individual campaign contributions too large to be legal, but easily broken down and concealed in legal, bite-sized chunks.
In April of this year, the group, Committee to Defend the President filed suit against the Federal Election Commission alleging the FEC had purposefully ignored campaign finance violations of at least $84-million stemming from hundreds of transactions between state Democrat party committees, the DNC and the political action committee, Hillary Victory Fund.
Among other things, the suit alleges that Hillary’s 2016 Presidential Campaign used money transfers between 40 state Democrat party committees and the Hillary Victory Fund to break down too-large-to be-legal campaign donations into smaller contributions that were then sent back to the Hillary Victory Fund in legal amounts.
‘Great Depression’ ahead? IMF sounds dire warning October 9, 2018
Is another “Great Depression” on the horizon? It would be easier to dismiss these words from Nouriel Roubini, Marc Faber or other doom-and-gloom prognosticators. Coming from Christine Lagarde’s team, though, they take on a new dimension of scary.
The International Monetary Fund head isn’t known for breathlessness on the world stage. And yet the IMF sounded downright alarmist in its latest Global Financial Stability report, stating that “large challenges loom for the global economy to prevent a second Great Depression.”
Even some market bears were taken aback. “Why,” asks Michael Snyder of The Economic Collapse Blog would the IMF use this phrase “in a report that they know the entire world will read?”
Perhaps because, unfortunately, the findings of other referees of global risks – including the Bank for International Settlements – hint at similar dislocations.
Don’t Believe the Media Hype on Bank Stocks and Rising Interest Rates October 9, 2018
The 10-year U.S. Treasury note touched a 7-year high in yield early this morning at 3.25 percent before falling back to 3.22 percent in mid-morning trading. As rates have risen over the past year, we’ve witnessed a growing chorus of business writers repeating the following mantra, or words to this effect: bank stocks will do well, even in a rising interest rate environment, because the spread will widen on what they pay to their depositors versus the rate that they earn on loans.
When it comes to five of the mega Wall Street banks – JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs and Morgan Stanley – you can throw that advice out the window. That’s because these are not so much banks as they are black holes of interconnected and concentrated interest-rate risk with trillions of dollars of derivatives sitting on their balance sheets. And since any blowup among these behemoths will taint the entire banking sector, this advice is also faulty for the entire sector.
We can already hear the naysayers countering that these are smart banks that know how to hedge their interest-rate risk and derivatives risk. Not only do we have the 10-year anniversary of the greatest Wall Street bank crash since the Great Depression to remind us that this isn’t so, but we also have basic math to tell us otherwise.
Perhaps we’ll get a Robot for President of Amazon one day.
But for now, we’re getting robotic workers.
Ol’ Henry had it right…..but there was a rhyme and reason to his madness.
‘In 1914, Henry Ford made a big announcement that shocked the country.
That morning, Ford would begin paying his employees $5.00 a day, over twice the average wage for automakers in 1914.
“We increased the buying power of our own people, and they increased the buying power of other people, and so on and on,” Ford wrote. “It is this thought of enlarging buying power by paying high wages and selling at low prices that is behind the prosperity of this country.”
Ford believed he was buying higher quality work from all his employees. “If the floor sweeper’s heart is in his job he can save us five dollars a day by picking up small tools instead of sweeping them out.”
If you pay people more, they will be more able to purchase your products AND you’ll get the ancillary benefit of worker loyalty and increased productivity….which inherently pays for the increase in wages.
But alas, Amazon is not as intellectually astute as Henry was. Their arm is being twisted by inflationary pressures
(thank you Congress for your deficit binges).
Amazon MUST raise wages because no one will work for “coolie” wages anymore. (pardon my politically incorrect choice of words. No offense is meant to the Asian workforce of the nineteenth century that built our railway system under oppression.)
“Thanks to low unemployment, Amazon has found it increasingly difficult to attract workers – hence the wage increases. All of this means a more expensive workforce, which is a major reason for the push to replace humans with robots.
And ironically, ANOTHER Ford understands quandary:
According to futurist and author Martin Ford, Amazon will have replaced most of itshuman pickers with autonomous robots within five years.” The productivity gains made in automation won’t matter if there aren’t enough employeed people to spend money on consumer goods. “We have to solve the problem of getting rid of people and replacing them with machines.”
CIGA Wolfgang Rech
Disgruntled Amazon Workers About To Be Replaced By Fleet Of Robots October 11, 2018
Amazon, which announced a $15 minimum wage bump for 250,000 employees last week, is developing a fleet of “picking” robots to staff its warehouses, known as fulfillment centers, according to The Information, citing three people with knowledge of the work.
Robot picker designed by Kindred Systems
Warehouse pickers grab items from shelves and put them into bins before they are prepped and shipped. The new robots will be able to visually identify items as they speed down a conveyor belt, then pick them up with a compressed-air vacuum gripper before moving them onto a table or shelf – said an employee who witnessed the robot in action.
That said, our future robot overlords aren’t quite ready for prime time.
For its part, Amazon says picking robots aren’t yet ready to handle the huge variety of items in Amazon fulfillment centers, with their different shapes, weights and sizes. In an emailed statement, Brad Porter, vice president and distinguished engineer at Amazon Robotics, said human pickers are also much better at spotting problems such as a leaking jug of laundry detergent before it is shipped to a customer.
“We regularly look at our operations and evaluate how we can bring technology to create new solutions for employees,” said Mr. Porter. “When it comes to using robotic manipulation for item picking, while we’re encouraged by the work in the research community, the simple fact is the current state of the art is not capable of handling the diversity of Amazon’s product selection.” -The Information
Veritas Undercover: Tennessee Democrat Lied About Kavanaugh Support To Pander For Votes
October 11, 2018
Staffers for Tennessee Democratic candidate Phil Bredsen admitted to undercover investigators that the supposedly moderate politician was lying to his base about supporting then-Supreme Court nominee Brett Kavanaugh in order to pander to his base.
The admissions were revealed in a 10 minute video released Wednesday night by James O’Keefe of Project Veritas.
In the video, Bredsen campaign field organizer Will Stewart calls residents of Tennessee “ignorant” – claiming that his boss only announced support for Kavanaugh to earn political points among voters.
Revealing more and more evidence…I love Judicial Watch!
Judicial Watch Uncovers More Classified Material on Hillary Clinton’s Unsecure Email System
October 10, 2018
(Washington, DC) — Judicial Watch announced today that it received 288 pages of newly uncovered emails of former Secretary of State Hillary Clinton that were transmitted over her unsecure, non-“state.gov” email system, three of which contain classified information.
Judicial Watch obtained the documents in response to a Freedom of Information Act (FOIA) lawsuit filed on May 6, 2015, after the State Department failed to respond to a March 4, 2015, FOIA request (Judicial Watch v. U.S. Department of State (No. 1:15-cv-00687)) seeking:
All emails sent or received by former Secretary of State Hillary Rodham Clinton in her official capacity as Secretary of State, as well as all emails by other State Department employees to Secretary Clinton regarding her non-“state.gov” email address.
The documents are part of an accelerated schedule of production ordered by U.S. District Court Judge James E. Boasberg, which required the State Department to complete processing by September 28, 2018, the remaining documents of the 72,000 pages recovered by the FBI in its investigation into Hillary Clinton’s illicit email server. These new classified and other emails appear to be among those that Clinton had attempted to delete or had otherwise failed to disclose.
Classified information was sent in a January 26, 2010, email from Jake Sullivan, Secretary Clinton’s top foreign policy adviser, to Clinton and her top aide Huma Abedin explaining that he has “pasted” (his word) from another document a written summary sent to him from former British Prime Minister Tony Blair. Blair’s conversations are with British Prime Minister Gordon Brown and Irish leaders regarding the sensitive Northern Ireland peace process.
US Says No Trade Talks At G-20 Unless China Makes Early Concessions: FT October 10, 2018
In accordance with what has become a time-honored Trump Administration tradition, officials from within the administration – and presumably speaking on behalf of President Trump – told reporters at the Financial Times that the US won’t talk trade with China at the G-20 summit unless Beijing produces a detailed list of possible concessions as gesture that his side is serious about finding a resolution that CEOs, the IMF and, increasingly, investors worry could dampen economic growth and finally trigger a correction in US stocks. The report comes four days after Larry Kudlow, Trump’s top economic advisor, said talks at the G-20 were being discussed. “We have been negotiating on and off and it has been unsatisfactory thus far…maybe, I want to underscore maybe Jonathan, there might be a meeting between Trump and Xi down in Buenos Aires”.
Kudlow said he doubted there would be any talks before the meeting (China canceled what would have been the fifth round of talks last month). But since he spoke, the US-China relationship has only further unraveled as Vice President Mike Pence accused China of “meddling in American democracy” and blasted China’s supposed “debt diplomacy”, “currency manipulation” and “IP theft.”
And one day after a press conference with China’s foreign minister morphed into an “unprecedented confrontation” when President Xi decided to snub Secretary of State Mike Pompeo during his latest visit to Beijing, Chinese officials reportedly said that, while they have a list similar to the one that the US has requested, they don’t want to share it with the Trump administration until “a stable political climate” returns to Washington. This could be a reference to the Trump administration’s chaotic approach to the trade dispute or possibly the upcoming midterm elections (or both). And in a sign that the Chinese have grown tired of Trump undercutting efforts by both Kudlow and Treasury Secretary Steven Mnuchin to revive talks, Beijing is also asking that Washington appoint a “point person” who has the authority to negotiate on behalf of the president.
Typical, she accuses the opposition of what she has done herself! Prison!
Hillary Clinton Cheers Mob Attacks On Republicans: ‘You Cannot Be Civil With A Political Party That Wants To Destroy What You Stand For’ October 9, 2018
Defeated 2016 Democratic Party presidential candidate Hillary Clinton gave her approval to the mob attacks on Republicans, saying in a CNN interview that aired Tuesday, “You cannot be civil with a political party that wants to destroy what you stand for…” Republicans have been shot, beaten, doxxed, run out of restaurants and harassed at their homes by Democrats since being elected to control all three branches of government by voters in 2016.
Clinton was interviewed by CNN’s Christiane Amanpour in Oxford, England. CNN’s New Day aired excerpts of the interview. In this excerpt Amanpour’s question was not shown.
Transcript via CNN:
(BEGIN VIDEO CLIP)
CLINTON: You cannot be civil with a political party that wants to destroy what you stand for, what you care about. That’s why I believe if we are fortunate enough to win back the House and/or the senate, that’s when civility can start again. But until then, the only thing that the Republicans seem to recognize and respect is strength. And you heard how the Republican members led by Mitch McConnell, the president really demeaned the confirmation process.
Chinese President Xi Jinping refused to meet with Pompeo during his visit to Beijing on Monday, while China’s foreign minister said in no uncertain terms that the US shouldn’t expect China’s help with denuclearizing North Korea.
October 8, 2018
Be very afraid.
It’s an historic pissing contest among the super powers that will leave devastation in it’s wake, the likes of which Hurricane Michael would be jealous of.
‘You Don’t Give Power To An Angry Left-Wing Mob… That’s What They Have Become’: Gloating Trump Lays Into Democrats For Failing To Derail Kavanaugh Nomination October 6, 2018
President Donald Trump has praised the confirmation of Supreme Court Justice Brett Kavanaugh and blasted the ‘angry left wing mob’ that opposed him.
Trump’s remarks came on Saturday night at a rally in Topeka, Kansas, just hours after Kavanaugh was confirmed by a 50-48 Senate vote and sworn in as a Supreme Court Justice.
He attacked Democrats over their fierce opposition to Kavanaugh and urged citizens to vote Republican in November, saying: ‘You don’t hand matches to an arsonist and you don’t hand power to an angry left-wing mob, and that’s what they’ve become.’
The crowd packing the Kansas Expocentre cheered as Trump called the confirmation a ‘historic victory for our nation, our people and our historic constitution.’
US Switching To Ukraine As Location To Start World War III Against Russia October 2, 2018
The United States Government is now treating Ukraine as if it were a NATO member, and on September 27th donated to Ukraine two warships for use against Russia. This is the latest indication that the US is switching to Ukraine as the locale to start World War III, and from which the nuclear war is to be sparked against Russia, which borders Ukraine.
Here is why Syria is no longer the US alliance’s preferred choice as a place to start WW III:
On September 4th, US President Donald Trump publicly threatened Syria, Iran and Russia that if they exterminated the jihadists in Syria’s only remaining jihadist-controlled province, Idlib, then the US might launch a full-scale invasion against Syria, Iran and Russia in Syria. Either the US or Russia would then quickly escalate to nuclear war so as not to lose in Syria — that would be the conventional-war start to World War III.
The leaders of Russia, Iran, Turkey, and Syria (Putin, Rouhani, Erdogan, and Assad), agreed in two meetings, one on September 7th and the other on September 17th, to (as I had recommended on September 10th) transfer control of Syria’s only remaining jihadist-controlled province, Idlib, to NATO-member Turkey. This action effectively prevents the US alliance from going to war against Russia if Russia’s alliance (which includes Syria) obliterates all the jihadist groups in the Al-Qaeda-led Syrian province Idlib. For the US to war against Russia there would also be war against fellow-NATO-member Turkey — out of the question.
We have discussed previously about how trade wars lead to hot wars…
Former Fed Governor Warns Of “Several Decade Cold War” With China October 10, 2018
Former Fed governor Kevin Warsh warned on Thursday that the US-China relationship is “probably as poor as” it has ever been since former President Richard Nixon and Henry Kissinger developed strategic relations between both countries in the early 1970s.
“We’re at the risk of a real cold war” between the world’s two largest economies, said Warsh who had been on President Trump’s list for Fed chairman before Jerome Powell was chosen. “The last 30 years we’ve been living and breathing globalization as if it’s an inevitable force,” but now, it seems the six-decade-long bubble has finally popped.
Crypto Volumes Tumble To 17-Month Low As “Bitcoin Becomes Boring” October 6, 2018
All of those new crypto-focused hedge funds hoping to extract profits from volatile cryptocurrencies are about to be very disappointed.
In what some hope will be a sign of maturity (and a harbinger of positive returns) for the struggling market, volatility in the world’s oldest cryptocurrency has fallen to their lowest levels in 17 months, since before last year’s spectacular bubble. Meanwhile, trading volume has also tapered off, which has prompted Bloomberg to question: Are we at an inflection point in the market, and if we are, is this the start of a new phase for Bitcoin? Or is it the beginning of the end?
Lower volume might disappoint exchanges that handle trading in bitcoin futures.
But technicals suggest the price could be on the verge of a breakout. As Bloomberg explains, neither a strong positive or negative divergence has occurred over the past month. The last time bitcoin traded in this pattern back in June, its price jumped from around $5,900 to around $8,200.
We have talked a lot about how fast things could spiral out of control and the US end up in a war.
IRGC Commander Says Netanyahu Will “Flee Into Sea,” Should “Practice Swimming” October 6, 2018
In a fiery message aimed at Tel Aviv, Islamic Revolutionary Guards Corps deputy commander Brig. Gen. Hossein Salami issued a warning to Israel, Middle East-based source Al Masdar News reports.
“I tell the prime minister of the Zionist regime to practice swimming in the Mediterranean because soon you will have no choice but [to] flee into the sea,” Salami said, speaking at a rally in Isfahan, central Iran on Friday, according to Fars News.
“They are not at the level of being a threat for us; Hezbollah is enough for destroying them,” the commander added, speaking before IRGC volunteers. Accusing Tel Aviv of deceiving the world about Iran, the senior officer accused Israel of acting as a “political mannequin” in the US shop window.
BREAKING: FBI Investigation Reveals Evidence of a Vastly More Coordinated Effort October 5, 2018
Ford’s “beach friend” worked for a loyal Chuck Schumer ally.
It appears what we all suspected was true. There has been a greater level of coordination to taking Judge Kavanaugh than the media reported. Senator Chuck Grassley, yesterday, sent a new letter to Dr. Ford’s attorneys that curiously asks for communications between the Ford, Ramirez, and Swetnick teams.
On top of that, it turns out that Christine Blasey Ford’s “beach friend” is none other than Monica McLean. She just so happened to be the spokeswoman for Preet Bharara, the former Obama US Attorney tossed out by Trump. He not only has turned aggressively partisan against Trump, but he was a top deputy and trusted aid to Senator Chuck Schumer.
Popcorn for the Q’s, and a Go Green for the Precious Metals – J. Johnson’s Latest October 5, 2018
Good Friday Morning Folks,
Are you ready to see arrests?
Are you ready to see PAIN?
Are you ready to be part of history?
Q posted (10/4)
We start the day off with Gold trading higher at $1,207.60, up by $6 and trading right beside its high of $1,207.70 with its low at $1,200.90. Silver is up as well with the early morning quote at $14.685, it too right beside its high of $14.69 with its low at $14.54 sometime around 5am pst. The US Dollar continues to confound everyone with its value at 95.43, up 1.8 points and closer to its low of 95.40 than the high at 95.585. Gold under the failing Venezuelan Bolivar is now at 299,163,600 gaining another 678,800 over the past 24 hours with Silver at 3,643,318 losing 22,367 Bolivar.
October Silver’s delivery numbers have dropped off even more with the count now at 4 (20,000 ounces) losing 19 obligations with zero volume up on the board so far today. I don’t think I’ve ever seen a number this low this early in a delivery month. Does it mean something? Not sure, but it is noteworthy. Silver’s overall Open Interest gained 1,233 overnighters bringing the count to 201,424 and on a positive rally day which means to me, new shorts coming in to keep the prices stable.
Experimenting with ground never traveled in current times can lead to surprises between 2019 and 2025 there is going to be many surprises as economic law asserts itself
Rupee At Historical Lows Against The US Dollar – 80% of Indian energy is imported! January 1, 2018 rupee was 63, nowits 74 against the dollar reflecting a 17% decline since the beginning of the year! And oil has gone up.