Posted at 8:45 PM (CST) by & filed under In The News.

 

 

 

 

 

 

 

 

Bill Holter’s Commentary

Truth bomb; she lied on her resume. Voters should demand she relinquish all back pay for fraudulent employment?

“People Just Can’t Know That.” MO Sen. Mccaskill Hides Agenda Including “Semi-Automatic Rifle Ban” From Moderate Voters, Staffers Reveal In Undercover Video It “Could Hurt Her Ability To Get Elected.”
October 15, 2018

This is a breaking news story. Refresh the page for updates.

(St. Louis) Project Veritas Action Fund has released a third undercover video from campaigns during this 2018 election season. This report exposes how incumbent Senator McCaskill and individuals working on her campaign conceal their liberal views on issues in order to court moderate voters.

Said James O’Keefe, founder and president of Project Veritas Action:

“This undercover report shows just how broken our political system has become. Senator McCaskill hides her true views from voters because she knows they won’t like them.”

Senator McCaskill Talks Gun Bans on Tape

Senator McCaskill revealed her intention to vote on various gun control measures in undercover footage:

MCCASKILL: “Well if we elect enough Democrats we’ll get some gun safety stuff done. They won’t let us vote on it, we’ve got 60 votes for a number of measures that would help with gun safety, but McConnell won’t let ’em come to the floor.”

JOURNALIST: “Like bump stocks, ARs and high capacity mags…?”

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Bill Holter’s Commentary

Readers can add this to the recent subscriber article “China leads”?

S&P Reveals $5.8 Trillion In “Hidden” Chinese Debt With “Titanic Credit Risks”
October 16, 2018

When it comes to estimating China’s total outstanding debt, there has long been confusion about the real number with most putting the debt/GDP at around 250%, while the IIF last year calculated China’s debt load as high as 300% of GDP.

Now, China watchers can one add another ~40% of debt/GDP to the total because according to S&P, China’s local governments have accumulated 40 trillion yuan ($5.8 trillion) – or even more – in off-balance sheet debt, suggesting the already record surge in defaults is set to accelerate further.

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Posted at 8:36 PM (CST) by & filed under Jim's Mailbox.

From our friend Dan Kurz.

Bill

Post #52: Given That The Left Still Refuses To Accept The 2016 US Election Outcome, We Are In A Very Dangerous Place
October 13, 2018

With 2018 midterm elections less than a month away, a return to more representative, less lawless government hangs in the balance:

Trump won and the Republicans are (still) in control of both chambers of Congress, but neither the Democrats, the media, Hollywood, the universities, Silicon Valley, K Street, Wall Street, nor the administrative (deep) state have accepted the election results.  Quite the representative government and rule of law pummeling resistance.  Hillary Clinton’s and Barrack Obama’s Saul Alinksy rules for radicals playbook in action.  We see Alinksy’s mobster tactics at work everywhere.  Perhaps the conviction that the left refuses to accept the 2016 election result is best captured thusly:

The never-ending Trump Russian collusion witch hunt (if anyone colluded, it was felonious, traitorous Hillary Clinton — and I won’t mention Senator Feinstein’s Chinese chauffeur spy for some 20 years and all her and her husband’s crony Chinese deals). Mitch McConnell, are you listening?  Apparently so, for suddenly you are no longer obstructing the good part of Trump’s agenda, but greasing the skids for it.

The unending presidential impeachment threats despite Trump having violated no laws (again in stark contrast to many former Democratic power-brokers); if he had, Mueller’s band of high-powered Democratic operatives would have long discovered it.

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Courtesy of Dave.

Jim

Oil Priced $400 In Yuan, Russian Military Base – Saudi Insider Says Kingdom Mulls 30 Anti-US Moves
October 16, 2018

If the US imposes sanctions on Saudi Arabia, it will “stab its own economy to death” the head of Al Arabiya said. Riyadh may become friends with Iran, trade its oil in yuan and invite the Russian military.

Saudi officials said they may retaliate against the US, if Washington delivers on a threat to impose sanctions over the disappearance of Washington Post columnist Jamal Khashoggi. Turki Aldakhil, the General Manager of the Saudi international news network Al Arabiya, said Riyadh was considering some 30 moves that it may take in response to possible sanctions, and many of those he mentions seem pretty harsh.

In an op-ed published on Sunday, the insider said Saudi influence on the oil market alone puts it into position to badly hurt American interests. “If the price of oil reaching $80 angered President Trump, no one should rule out the price jumping to $100, or $200, or even double that figure,” he wrote, adding that Riyadh may start pricing its crude in Chinese yuan rather than US dollar, dealing a blow to its status as a world reserve currency.

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Humor coming right at you.

JB

 

 

 

 

 

 

 

 

 

Jim/Bill,

A picture is worth a thousand words.

Dave

Posted at 8:53 PM (CST) by & filed under Jim's Mailbox.

They are like a dog on the mailman’s leg JB!

Bill

They are the ones that broke it open, Tom Fitton is a real American Hero!

 

Courtesy of Dave.

Jim

The Trump Trade War Recession?
September 28, 2018

“A conservative is someone who stands athwart history, yelling stop, at a time when no one is inclined to do so, or to have much patience with those who so urge it.”

—William F. Buckley, Jr., 1955

I will never compare myself to Bill Buckley, as a writer or anything else. He was one-of-a-kind and a personal hero who I am disappointed to say I never met but who I read a lot. The response to my recent tariff comments gives me a small hint of how it must have felt to “stand athwart history” and launch the modern conservative movement. Many of you support the tariffs. And I understand your reasons. I really do.

Free trade used to be a core belief of the conservative movement. Hayek, Friedman, Mises, Rothbard, and numerous other economists eloquently explained why. Several liberal economists agree. Conservative politicians spent the last few decades moving us in that direction, albeit imperfectly and with some big mistakes along the way. But few disagreed with the ideal.

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Jim/Bill,

A “GOLDEN” paradox with a “SILVER” lining.

Two of the heaviest metals on the Periodic Table offer the lightest versatility.

Just what the Comex doesn’t need to hear…another application.

CIGA Wolfgang Rech

New Gold-Silver Alloy To Supply U.S. Military With Lighter, More Powerful Devices
October 15, 2018

(Kitco News) – Scientists backed by the U.S. Army have developed a new gold-silver alloy that would lighten U.S. military’s devices as well as make them more powerful, according to a new study.

The new alloy comes from the U.S. Army Research Laboratory — completed in conjunction with the University of Maryland and Brazil’s Paulista State University.

The discovery opens doors for lighter electronic devices that are more precise, powerful and energy efficient, authors of the study wrote in an article published in the Advanced Optical Materials last month.

“When tuned properly, the integrated alloyed materials can lead to reductions in the weight of energy harvesting devices, lower power requirements for electronics and even more powerful optical sensors,” said one of the authors Joshua McClure from the U.S. Army Research Laboratory.

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Greyerz – This Will Make The World As We Know It Unrecognizable
October 14, 2018

As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies, warned King World News that this will make the world as we know it unrecognizable.

What A Difference A Day Makes

 (King World News) – Egon von Greyerz:  “What a difference a day makes!” Well we didn’t get the sun and the flowers like in Dinah Washington’s song but more like storm and showers. For the ones who don’t remember Dinah, Amy Winehouse made a more recent version of the song. Last week I warned investors again, in the strongest tone possible, of the risks in markets. So what triggered it? Was it the Fed’s interest rise? Or was it the trade war with China? Or maybe it was Kavanaugh?

We mustn’t believe that we can predict the exact time something will happen. Nor do we know what will cause a turn in markets. But what we have known for quite some time is that markets have been extremely vulnerable to a turn…Egon von Greyerz continues:  “Last week I said:

“With 19 Hindenburg Omens since August (a very bearish technical signal), the US market looks extremely vulnerable. So do most major markets around the globe after one of the longest and steepest bull markets in history. Whether or not we will see a final exhaustive up move or not is irrelevant. Risk is at a maximum and we are very near the start of one of the biggest secular bear markets in history. Now is the time to be safe rather than sorry.”

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Posted at 3:20 PM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Michigan State Economics Professor Mark Skidmore made a stunning discovery late last year. Using publicly available government accounting reports, he revealed there was $21 trillion in what he calls “missing money” from the Department of Defense (DOD) and Housing and Urban Development (HUD). The data he used has been scrubbed, all accounting records are heavily redacted and now the federal government has declared its accounting falls under “national security.” Dr. Skidmore can no longer get the government to respond. Dr. Skidmore explains, “At this point, they are no longer responding to any of my inquiries. They are just not answering, and that is very astounding . . . and you can go on and look at the report yourself and see all of it blacked out. I actually lost sleep over that. That really bothered me. . . . Now, they are not even using standard accounting financial reporting rules. They are just moving things around and not telling anybody. So, first, all of this stuff is hidden because it is a national security issue, and now they are just changing the accounting standards. I would ask is that constitutional? I don’t think so. Does it match any of our financial reporting laws? I don’t think so. I am not sure what gives the government the authority to make that decision, and, yet, it’s happening.”

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Posted at 9:13 PM (CST) by & filed under Jim's Mailbox.

Bill,

Could this be the truth bomb and why he is dead?

Dave

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.”

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Posted at 3:15 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

Courtesy of John Williams.

Turmoil

This Commentary:

– As Some Acorns Begin to Fall, Beware the Dollar
– Risks of Major Financial Market Upheaval Are High in the Next Six Months, But Watch Out for the Near-Term

“No. 973: ALERT Mounting Risk of Intense Financial Market Turmoil”

www.shadowstats.com

Posted at 10:12 AM (CST) by & filed under Jim's Mailbox.

Courtesy of JB.

Jim

 

 

 

 

 

 

Jim/Bill,

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:

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How many Goldman employees does it take to run a country?

Dave

“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.

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Courtesy of JB.

Jim

Lawless FBI’s Dir. Refuses To Deny That Trump’s Phone Calls Are Being Listened To
October 11, 2018

The deep state’s agenda against President Donald Trump has become even clearer after FBI Director Christopher Wray refused to give an answer when asked if the FBI has spied on the president.

During a Senate hearing on Wednesday, Wray answered several questions about the FBI investigation into sexual assault allegations against Supreme Court Justice Brett Kavanaugh.

However, the more important story, in terms of the deep state’s surveillance on American citizens, hasn’t been getting as much coverage.

The deep state’s agenda against President Donald Trump has become even clearer after FBI Director Christopher Wray refused to give an answer when asked if the FBI has spied on the president.

During a Senate hearing on Wednesday, Wray answered several questions about the FBI investigation into sexual assault allegations against Supreme Court Justice Brett Kavanaugh.

However, the more important story, in terms of the deep state’s surveillance on American citizens, hasn’t been getting as much coverage.

More…

 

Posted at 12:11 PM (CST) by & filed under In The News.

Explain The Chinese Spy, Sen. Feinstein
August 9, 2018

Imagine if it emerged that the Republican chairman of the House or Senate intelligence committee had a Russian spy working on their staff. Think it would cause a political firestorm? Well, this month we learned that Sen. Dianne Feinstein (D-Calif.) had a Chinese spy on her staff who worked for her for about 20 years, was listed as an “office director” on payroll records and served as her driver when she was in San Francisco, all while reporting to China’s Ministry of State Security through China’s San Francisco Consulate. The reaction of the mainstream media? Barely a peep.

Feinstein acknowledged the infiltration but played down its significance. “Five years ago the FBI informed me it had concerns that an administrative member of my California staff was potentially being sought out by the Chinese government to provide information,” Feinstein said in a statement — which means the breach took place while Feinstein was heading the Intelligence Committee. But, Feinstein insisted, “he never had access to classified or sensitive information or legislative matters” and was immediately fired. In other words: junior staffer, no policy role, no access to secrets, quickly fired — no big deal.

But it is a big deal. I asked several former senior intelligence and law enforcement officials how serious this breach might have been. “It’s plenty serious,” one former top Justice Department official told me. “Focusing on his driver function alone, in Mafia families, the boss’s driver was among the most trusted men in the crew, because among other things he heard everything that was discussed in the car.”

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