Monday, June 18, 2018

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Next Mortgage Default Tsunami Isn’t Going to Drown Big Banks but “Shadow Banks”

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by Wolf Richter, Wolf Street:

As banks pull back from mortgage lending amid inflated prices and rising rates, “shadow banks” become very aggressive.

In the first quarter 2018, banks and non-bank mortgage lenders – the “shadow banks” – originated 1.81 million loans for residential properties (1 to 4 units). In the diversified US mortgage industry, the top 10 banks and “shadow banks” alone originated 260,570 mortgages, or 14.4% of the total, amounting to $75 billion. We’ll get to those top 10 in a moment.

Second FBI Informant Tried To Entrap Trump Campaign With $2 Million Offer For Hillary Dirt: Roger Stone

from ZeroHedge:

Trump campaign aides Roger Stone and Michael Caputo say that a meeting Stone took in late May, 2016 with a Russian appears to have been an “FBI sting operation” in hindsight, following bombshell reports in May that the DOJ/FBI used a longtime FBI/CIA asset, Cambridge professor Stefan Halper, to perform espionage on the Trump campaign.

When Stone arrived at the restaurant in Sunny Isles, he said, Greenberg was wearing a Make America Great Again T-shirt and hat. On his phone, Greenberg pulled up a photo of himself with Trump at a rally, Stone said. –WaPo

When Stone arrived at the restaurant in Sunny Isles, he said, Greenberg was wearing a Make America Great Again T-shirt and hat. On his phone, Greenberg pulled up a photo of himself with Trump at a rally, Stone said.

Trump at G7: “All Terrorists Live in Paris”, Juncker a “Brutal Killer” – Reports

from Sputnik News:

Participants of the G7 meeting reportedly had a hard time restraining themselves when the US President shared his insights on migration and terrorism with the French President, threatened to send the Japanese Prime Minister 25 million Mexicans and slammed the European Commission President during talks in Canada.

A senior EU official summed up his behind-the-scenes experience at the meeting of the leaders of the world’s most powerful developed economies in Canada on June 8-9 by telling the Wall Street Journal:

Washed, Bleached and Rinsed

by James Howard Kunstler, Kunstler:

The FBI brass must have needed hazmat suits to scrub DOJ Inspector General Michael Horowitz’s report on agency misconduct around the 2016 elections. The result of their mighty exertions is something like 500 pages of pasteurized tofu. I will be surprised if a new scandal does not erupt over exactly how the scrubbing went down, and I wouldn’t count out the possibility of the original unscrubbed report emerging from deep inside the FBI itself. You have to wonder how embarrassed Mr. Horowitz is, and whether he, or others seeking to defend his integrity, might do anything about it.

Mr. Trump Attacks Aluminum, Russia Attacks the Debt

by Tom Luongo, Tom Luongo:

Looking at the unfolding trade war between Donald Trump and the world the phrase that should come to mind is “One good turn deserves another.”

In the case of the insane sanctions on Oleg Deripaska and Russian Aluminum giant, Rusal, back in April, we finally got some clarity as to how Russia can and will respond to future events.

In yesterday’s Treasury International Capital (TIC) report, we saw clearly that Russia activated its nearly half of its $100 billion in U.S. Treasury debt to buy dollars in April. More than $47 billion in U.S. debt was dumped into the market to cover the chaos engendered by Trump’s overnight diktat for the world to stop doing business with Rusal.

THREE WOULD-BE GROCERY STORE ROBBERS PICKED ON THE WRONG COUPLE, GET BULLET HOLES FOR THEIR TROUBLE

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by Scott Morefield, The Daily Caller:

Three would-be armed robbers approached the wrong couple outside a DeKalb County Kroger store on Friday afternoon.

The incident occurred around 4:15 p.m. Friday, according to Atlanta’s WSB-TV, when three assailants followed a couple out of a Kroger grocery store. (RELATED: Assailant Tried To Rape His Friend’s Mother — Then She Found Her Pistol)

“We believe that there may have been some sort of crime that was intended to happen at that time, whether it was a robbery or a carjacking, we really don’t know right now,” said DeKalb County Police Department spokesperson Shiera Campbell.

What the robbers didn’t expect, however, was for their intended victims to fight back. The man pulled out his concealed weapon and shot at the assailants, according to Campbell. (RELATED: Felon Pulls Out Weapon To Threaten Two People, Gets Shot By Concealed Carry Holder)

How Turmeric Can Save the Aging Brain From Dementia and Premature Death

by Sayer Ji, Green Med Info:

Presently, there are no pharmaceutical interventions that effectively slow, and certainly not reverse, age-related cerebrovascular pathologies linked to conditions such as Alzheimer’s disease and stroke. A new study on turmeric extract, however, indicates that a natural curative agent already exists and is close to the everyday consumer as their spice rack. 

A promising study published in Cellular Physiology and Biochemistry titled, “Dietary Curcumin Ameliorates Aging-Related Cerebrovascular Dysfunction through the AMPK/Uncoupling Protein 2 Pathway,”[i] reveals the primary polyphenol in turmeric known as curcumin (which gives it its golden hue) may provide what the study authors describe as an “effective therapeutic strategy to reverse age-related cerebrovascular dysfunction.”

Traveling to Your Safe Haven During a WROL Event- Part 3

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by E.P., Survival Blog:

In the first two parts of this article series, we have been talking about traveling to your safe haven during a without rule of law event. Part 2 began the overview on traveling by vehicle. We left off with discussion about roadblocks and multiple cars traveling a good distance apart so that the lead car could make a three-point turn in the reverse direction and warn the other cars in advance of a roadblock. Let’s continue with this scenario.

Over-watch Team Defending the Lead Vehicle
Now is the time for the first vehicle to better assess the situation and report. The second vehicle should immediately pull over as well, maintaining the 100 yard (night)/150 yard (day) separation (maybe even farther depending on your team’s abilities). The over-watch team in the second vehicle should deploy and take up positions that are adequate to support the lead vehicle. All other vehicles should pull over. It may be advisable for these vehicles to group closer together back along the road and maintain a defensive rear guard.

Obama dressed as Baphomet

from Fellowship Of The Minds:

The Baphomet was first drawn and popularized in 1854 by occultist Eliphas Léviin his book, Dogme et Rituel de la Haute Magie (Dogmas and Rituals of High Magic) — a winged, horned, androgynous, humanoid goat with breasts and phallus. (See “The Devil is transgender”)

Levi called his image the Baphomet — “The Sabbatic Goat” and “The Goat of Mendes.” Lévi’s Baphomet is the source of the Rider-Waite Tarot image of the Devil. The Baphomet goat, together with the downward-pointed pentagram, was adopted as the official symbol — called the Sigil of Baphomet — of the Church of Satan and continues to be used among Satanists. [Source: Wikipedia]

Report: Haley and Trump Stick It to UN, Plan To Withdraw from United Nations Human Rights Council

by Cillian Zeal, Conservative Tribune:

The United Nations Human Rights Council is either proof that humorless diplomatic apparatchiks do indeed have a sense of humor or that something is seriously broken with the U.N. mechanism.

The UNHRC essentially serves one major function: wholesale grousing about the state of Israel. That probably shouldn’t surprise you when you see some of the defenders of human rights that are currently or have previously sat on the Council. The group currently features wholesale human rights violators like China, Saudi Arabia, Venezuela and Cuba, and Viktor Orban’s Hungary isn’t far off that gold standard.

Pelosi gives strange lecture during press conference: ‘Don’t stick peas up your nose’

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by Kyle Olson, The American Mirror:

Nancy Pelosi was asked about the Trump administration about illegal alien children being separated from parents when they cross the border, and that caused her to launch into a stem winder of a response, which ended with some bizarre parenting tips.

The House Minority Leader was asked for her reaction to House Speaker Paul Ryan statement that he doesn’t support separating families, and if she thinks legislation is the best way to stop that.

Bank CEOs Says Robots Can Replace Half of Citigroup and Deutsche Bank Employees

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by Mish Shedlock, The Maven:

Investment bank CEOs believe machines will take over ‘lower-value tasks’. 50% of employees are at risk.