Friday, August 23, 2019



Just How Big a Player Is the Federal Reserve in the Stock Market?


by Pam Martens and Russ Martens, Wall St On Parade:

To understand how the U.S. central bank, known as the Federal Reserve, is influencing the froth of the stock market, you need to take a few moments to understand the interaction of bond yields with stock prices. Sophisticated investors who predominate in the markets compare the yield on bonds to the cash dividend yield on stocks to determine which is a better value. Following the financial crash of 2008, the Federal Reserve began buying up Treasury bonds and mortgage-backed bonds in the marketplace to the overall tune of more than $3 trillion. This has driven down bond yields and provided an artificial boost to the stock market.

The Fed’s assets swelled from $914.8 billion at the end of 2007 to $4.5 trillion in 2014 from its bond buying program. In just the single year of 2013 the Fed’s assets mushroomed by a staggering $1 trillion — from $2.9 trillion at the end of 2012 to $4 trillion at the end of 2013, according to the audited financial statement of the Fed’s books. As of October 25, 2017, its assets remain in the $4.5 trillion arena, at $4.461 trillion.

The Fed’s active involvement in messing with the stock market as a fair stock pricing mechanism through its massive purchases of bonds was quaintly called Quantitative Easing (QE) and the public was treated to three doses of it: QE1, QE2 and QE3.

Since 2011, the Fed has been jawboning about how it was going to normalize its balance sheet back to something resembling pre-crisis days. It actually began to cut back its bond purchases by shrinking the amount of its maturing bonds that it will roll over into new bond purchases in October of 2017. But its scheduled cuts are so small and gradual that we are not seeing any material shrinkage in its assets.

During Fed Chair Janet Yellen’s September 17, 2014 press conference, in response to a question from Ylan Mui of the Washington Post, Yellen said: “If we were only to shrink our balance sheet by ceasing reinvestments, it would probably take—to get back to levels of reserve balances that we had before the crisis—I’m not sure we will go that low, but we’ve said that we will try to shrink our balance sheet to the lowest levels consistent with the efficient and effective implementation of policy—it could take to the end of the decade to achieve those levels.”

In 2014, the end of the decade would have been 2020. It’s now 2018 and we’re looking at another half decade before the Fed’s balance sheet would normalize under the current schedule. That’s a very, very long time to provide spiked punch to a tipsy stock market.

The Goldman Sachs overlords who have so thoroughly infused themselves into the Donald Trump administration (the Presidential candidate who promised a draining of the Washington swamp) have figured out a way to get another round of cheap money. Instead of calling it QE4 and getting it from the Fed, it’s being called a corporate tax cut and its coming from the American public who will be squeezed in other areas to pay for it. Jamie Dimon, the Chairman and CEO of JPMorgan Chase, quickly recognized it for what it was, stating “think of it as a QE4” at an Axios event in Ann Arbor, Michigan in December.

Republicans have been peddling the tax cut as a boon to the economy. That’s not what’s going to happen. U.S. corporations and, particularly, the biggest Wall Street banks are going to use the extra money to continue buying back their own company’s stock, boosting the bank CEOs’ own stock options and enriching their shareholders to the detriment of business and job creation.

On July 31 of last year, Thomas Hoenig, the Vice Chairman of the Federal Deposit Insurance Corporation (FDIC), sent a stunning letter to the Chair and Ranking Member of the U.S. Senate Banking Committee. Hoenig explained that the 10 largest banks in the country “will distribute, in aggregate, 99 percent of their net income on an annualized basis,” by paying out dividends to shareholders and buying back excessive amounts of their own stock. If those 10 banks had retained a larger share of the earnings they earmarked for dividends and share buybacks in 2017, said Hoenig, they would have been able “to increase loans by more than $1 trillion, which is greater than 5 percent of annual U.S. GDP.”

Hoenig included a chart showing payouts on a bank-by-bank basis. Highlighted in yellow on Hoenig’s chart is the fact that four of the big Wall Street banks are set to pay out more than 100 percent of earnings: Citigroup 127 percent; Bank of New York Mellon 108 percent; JPMorgan Chase 107 percent and Morgan Stanley 103 percent.

Hoenig adds that if just the share buybacks were retained by the banks instead of being paid out, the banks could “increase small business loans by three quarters of a trillion dollars or mortgage loans by almost one and a half trillion dollars.”

Stock buybacks also perform another magic trick for Wall Street bank CEOs like Jamie Dimon whose compensation is based on overall performance. By shrinking the number of shares outstanding through buybacks, it makes the bank’s per share earnings look more robust because they are spread over a smaller number of shares.

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Silver As A Strategic Metal and Why Prices Will Soar – Jim Willie

by Jim Willie, Silver Phoenix:

The arguments in favor of silver as an investment asset are growing rapidly. In the opinion of the Jackass website, silver is the most under-valued hard asset in existence, with the highest potential for price appreciation on the globe. To begin with, central banks own no silver, but do own huge tracts of gold. Industry has huge demand for silver, but a trifling amount for gold demand. The investment demand is another key factor in favor of silver, but also for gold. Ever since the tech telecom bust in 2000, the precious metals growth curve has been evident. Ever since the subprime bond disaster in 2007, followed by the Lehman strangulation in 2008, the precious metals growth curve has continued. It is suppressed like holding back a team of six stagecoach Clydesdale horses by simple leather straps held by mere men with computers on their backs. Ever since the QE inflation policy of monetizing the USGovt debt, the monetary role of Gold & Silver has never been more acute in modern history. But silver offers much more.

Monetary Abuse

Since 2012 with the African style monetary policy, also shared at times by South American nations, the US Federal Reserve has been forced to succumb to hyper monetary inflation of the unsterilized variety. It is the most dangerous form of monetary policy to adopt, a sign of utter desperation. With the desperation has come astonishing price capping of the precious metals market, while at the same time reliance upon isolated wars to steal central bank gold at vaults of defenseless nations. The effect upon economies, hardly ever spoken of by the devoted lapdog financial press, replete with their drone message of a fake sluggish recovery, is for profound capital destruction after seven full years of liquidity spew. The economic stimulus will find even more monetary abuse from greater deficit spending, thus more motive to own precious metals. To be sure, the QE bond purchase initiative is kept within the financial sector for service to the banker masters who have captured the USGovt. This is self-dealing on its face. However, hyper monetary inflation always causes capital ruin in an assured sequence, which cannot be averted, even by Fascist Business Model dictums and propaganda.

The response to monetary abuse has always been a return to honest money and viable sound monetary systems. This time will be no different, in its return to Gold & Silver as foundation, except that the movement will come from the East, led by a global insurrection. The West can join the strong sturdy secure movement, or be left behind. Even England recognizes the shift in global winds, eager to build the RMB Trading Hub in London. The Chinese are leading the global reform movement, and are likely to encourage the growth of the German RMB Hub in Frankfurt. The Germans have significantly more trade with Russia & China than the fascist core in London Centre, offering excellent leading edge product lines and world class engineering which the British cannot ever match.

Broken Meters

If QE were indeed stimulus, then the USEconomy would have responded after a couple years of the wretched cursed policy at work. It serves Wall Street and the banking sector, and nothing else. The capital ruin and damage are evident in the constant negative GDP (with proper inflation adjustment), the high jobless rate, and the hopelessly rigged financial markets. The USFed has no business propping up the stock market or the corporate bond market, nor the crude oil market. But they have seen fit to consider stocks and crude oil as critical assets, and thus in need of support (to be read as price rigs). The effect of seven years of QE has been a bloated balance sheet at the USFed with $4.5 trillion in toxic assets. The leading toxic asset is the pristine AAA subprime USTreasury Bond. In the last week, China has just downgraded the USGovt debt to a B type grade, which means non-investment grade. In order to keep it all in check, all under control, the USFed must resort to coordinated efforts. They use QE to purchase bonds that are being dumped for foreign creditors. They also use Interest Rate Swap contracts to fabricate fake bond demand, with the levers held at the Exchange Stabilization Fund operated by the dutiful corrupted USDept Treasury. The ESFund is multi-$trillion machinery.

If the entire QE process were stimulus, then the resulting Money Velocity would not be in such dire condition. It was in decline until the Lehman subprime events in 2008, and it continues in decline since QE was put into force in 2012. Perhaps it creates stimulus to the bond market, but nothing but a gigantic wet blanket on Main Street and the tangible USEconomy.

No single graph demonstrates the failure of monetary policy more than this Money Velocity horrendous decline. That is why it never appears in the Wall Street Journal or New York Times, but the Golden Jackass site shows it periodically as a measure of failure. When the toxic vat of the USFed balance sheet reverses, along with those of other central banks, the flow will be from sovereign bonds (like the USTBond) into gold bullion. The trend will be to replace the global banking reserves with hard assets like gold bullion. Both Gold & Silver will become monetary metals. However, a whiff of something very new and refreshing is in the wind. Silver might instead become a core strategic asset for the energy sector, thus binding with the monetary role of Gold. The Paradigm Shift is to have an energy angle, and silver is at its core. Note the parallel from the Petro-Dollar, where the USDollar was intricately linked to the energy sector.

Fractures And Rebellion

Ten years of tremendous monetary expansion should have been accompanied by ten years of gold price appreciation to keep pace. Instead profound price suppression has been enforced. It is breaking down with the bust of the Petro-Dollar, and the dismantled derivative structures that have held the USDollar, the USTBond, and crude oil together. Both Japan and China have halted USTBond purchases. Now Germany is shedding USTBonds in favor of RMB-based sovereign bonds. They talk little of adding gold bullion, since such news cannot be cited in the Western press by fascist fiat rules. Such might be deemed financial terrorism by the Washington fascists. The straw dog argument should always be noted, then dismissed as absurd. Critics claim that there is inadequate Gold & Silver supply to match the rising money supply, the monetary aggregate. They claim the money growth was necessary and urgent in order to manage the global financial crisis that they created in 2007 and 2008. Hokum! There is plenty of Gold & Silver to cover the huge amount of money growth in the last several years, provided the precious metals prices are multiples higher. It is coming like day follows night, as the banker cabal cannot hold back the coiled spring.

The rise of the non-USD platforms is very powerful and gaining enormous momentum. While the United States is busy igniting wars like in Ukraine, Syria, Djibouti, Yemen, with furtive efforts to engage armed conflict in more nations like Iran, North Korea, and the South China Sea, the Eastern Hemisphere has gone on strike with respect to the King Dollar Court and its not so hidden war of terror in the currency defense. The lost global currency reserve is near, the movement having gained momentum in the last two years. It seems the eastern response to the Ukraine War plus the Iran squabbles, has been to build non-USD platforms and to construct workarounds for the feeble sanctions. See the Jackass article from December on the topic, entitled “The Integrated Non-Dollar Platforms” (HERE). Clearly the United States is using war to defend the USDollar, a development which will not stand and cannot continue. When the Jackass made the war defense forecast back in 2005, it was considered foolish and silly. Not anymore! The rebellion from the East will be coordinated, broadbased, and severe in its effect. The paper mache armor constructed by the fascist tagteam of the USFed and USDept Treasury cannot stop a bullet, cannot avoid fire, and cannot serve in the financial war. The rise of non-USD platforms is the battle cry waged against the King Dollar, whose financial war takes place in the global seas of false liquidity poured out by the banker cabal and subservient central bank franchise system.

With a weak economy, gaping $trillion deficits, rigged financial markets, permitted sovereign bond fraud, dependence upon QE inflation, rejected global trade unions, the Eastern resistance is clear. Furthermore, the Belt & Road Initiative, combined with numerous non-USD platforms, signals the united rebellion. The global system will endure fractures with the broader trade payments done outside the USDollar, the rise of the RMB-Oil-Gold contracts in Shanghai, and the upcoming China-Saudi oil purchases in RMB terms. Next on tap is the introduction of the Gold Trade Note, expected to be built atop the Shanghai integrated contracts. The RMB Trading Hubs will also feature Panda Bonds, where foreign entities like the Italian Govt can issue bonds to finance deficits in RMB terms, thus attracting Chinese investment with no currency risk.

Two extremely important developments have captured global attention in the last couple weeks. US allies are buying crude oil in Euro terms, which should enrage Washington. The effect is to bring about a USD index decline and rise of the Euro. It is almost comical, since the European Economy generally is not chugging along with any gusto whatsoever, outside the German border. But the effect is on financial markets, not the economy. The EU will suffer on its export trade, just like in 2009 before the Euro Central Bank caved in to reduce interest rates (a correct Jackass forecast). The second important development is more psychological in its financial warfare. The exposure of gold vaults by Russia and China serves as a challenge to the Untied Socialist States to match the challenge. The USGovt gold reserves are vacant, as Fort Knox serves as a nerve gas warehouse with a couple barrels of old gold coins in the dusty corner. To be sure, the Gold Standard is coming from the Eastern corridor. The Global Paradigm Shift is well along in the great transition. The Gold Trade Note will supplant the USTreasury Bill in trade payment. The CIPS bank transaction system will work around the abused SWIFT system. The vast multi-$trillion cornucopia of Eastern infra-structure projects linked to the Belt & Road Initiative will continue unabated, uninterrupted, and unrivaled in human history.

The global rebellion will take place in the form of trade payment done outside the USDollar, and sharp reductions in USTreasury Bonds held in banking systems. When the USDollar loses the bulk of its global currency reserve status, its privileges and deep advantages will fall away. The people will not recognize the lost reserve factor, but they will surely notice the powerful profound pervasive effects. They will come in the form of price inflation entering the room from the imported channels. They will come in the form of supply shortage from rejection of USTBills in trade payment at port facilities. They will come in the form of social disorder as a result of inflation and shortage. The public response will be a vast torrent to purchase silver in protection, which could become a matter of survival. The more wealthy will prefer to protect their fortunes with gold. In times of great crisis, expect silver to be used to purchase the standard items like food, fuel, and rent. Expect gold to be used to purchase cars, homes, and businesses. The coming crisis from the lost USDollar reserve status is inevitable. It demands preparation. It will mark an important turning point in US history.

Pep Talk On Precious Metals

For those losing faith from multiple years of suppressed Gold & Silver prices, take heart. The Voice responded to a sequence of probing Jackass questions with a firm statement founded in hope, confidence, pointing to a new dawn in financial structures. It is next to impossible to explain to people how things are going to unfold if they do not understand the concept of mal-investment and the difference between currency and money. The ZIRP exhibits the distortions in faulty investments from zero percent money, while QE exhibits the distortions in pure bold rabid inflation. Precious metals are unique, serving as the only true store of value, standard of value and measure of value, besides being a medium of exchange. If one has physical metal stored and understands the inherent control with its direct access at any given moment, it has been and remains the safest way to protect wealth from the current powerful debasement. While people rush into crypto-currencies, they need to realize that crypto-currencies are not crypto-money yet. Once hard asset backed crypto-money is issued, it will be backed by primarily precious metals, structured on the blockchain technology. Crypto-money will wipe the floor with crypto-currencies and $billions will be lost in the process.

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The Hunt for Taxes Brings Down Governments Every Time


by Martin Armstrong, Armstrong Economics:

COMMENT: Mr. Armstrong; I live in Germany. I wanted to send my father €200 for Christmas. I had to prove where the money came from. It does seem as if there is a major gap between those trading the euro for big banks and the people. I left Romania for freedom. Everything that I fled from has seemed to follow me to the West. Those who cheer the rise of the euro seem oblivious to the reality on the street. We have no real government in place here since nobody won a majority. The clash between freedom and oppression is playing out in silence. I fear this will just explode all of a sudden as it did behind the Iron Curtain.


REPLY: You are not alone. I have several Russian, Hungarian, and Ukrainian friends who all express the same concerns. The fact that you fled to freedom and then see the very aspects of government that made you flee in the first place have taken hold in the West is all part of the cycle. This is simply how Empires, Nations, and Citystates collapse. They are always the same – a constant search for more power to retain their control. Then it all snaps. That comes typically when a government can no longer feed its own workforce to keep the people in check.

Emperor Phocas (602-610) persecuted the Aristocrats (rich) seeking taxation causing capital to go into hiding and the VELOCITY of money to decline. His reign did more than any other to begin the process of a significant decline of the Byzantine Empire. His tyrannical treatment of wealth led to a rebellion that began in North Africa by the exarch of Carthage, Heraclius in 608AD, who had been a leading and respected general under the previous emperor Maurice Tiberius (582–602).

This tax rebellion that began in Carthage, spread throughout the provinces. The funds were thereby raised to put together a considerable effort under Heraclius and his son. This major effort gathered a massive fleet that sailed toward the capital Constantinople. When they reached Constantinople, the gates were opened and Phocas was handed over. He was promptly executed being abandoned, and his statue he had constructed in the Hippodrome was now publicly burned. The young Heraclius was crowned by the Patriarch and began a new dynasty as Heraclius (610-641AD). His father did NOTassume the role of co-emperor showing his motives were to simply save his nation.

What most people do not know about history is the fall of government typically comes from tax rebellions. Michael IV the Paplagonian (1034-1041AD) raised taxes excessively setting in motion the collapse in VELOCITY of money once again as people hoarded their wealth creating the essential element to the destruction of an economy as you see in Europe today. Once capital begins to hoard and hide from the government tax collectors, the beginning of the end appears. In the case of Byzantium, this was set in motion by a tax hike and aggressive tax collection. The Slav population of the Balkans rebelled against the taxation. Michael IV himself was present to put down the tax rebellion oppressing the people and pillaging what they had.

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“Explosive”, “Shocking” And “Alarming” FISA Memo Set To Rock DC, “End Mueller Investigation”


from ZeroHedge:

All hell is breaking loose in Washington D.C. tonight after a four-page memo detailing extensive FISA court abuse was made available to the entire House of Representatives Thursday. The contents of the memo are so explosive, says Journalist Sara Carter, that it could lead to the removal of senior officials in the FBI and the Department of Justice and the end of Robert Mueller’s special counsel investigation.

These sources say the report is “explosive,” stating they would not be surprised if it leads to the end of Robert Mueller’s Special Counsel investigation into President Trump and his associates. –Sara Carter

A source close to the matter tells Fox News that “the memo details the Intelligence Committee’s oversight work for the FBI and Justice, including the controversy over unmasking and FISA surveillance.” An educated guess by anyone who’s been paying attention for the last year leads to the obvious conclusion that the report reveals extensive abuse of power and highly illegal collusion between the Obama administration, the FBI, the DOJ and the Clinton Campaign against Donald Trump and his team during and after the 2016 presidential election.

Lawmakers who have seen the memo are calling for its immediate release, while the phrases “explosive,” “shocking,” “troubling,” and “alarming” have all been used in all sincerity. One congressman even likened the report’s details to KGB activity in Russia. “It is so alarming the American people have to see this,” Ohio Rep. Jim Jordan told Fox News. “It’s troubling. It is shocking,” North Carolina Rep. Mark Meadows said. “Part of me wishes that I didn’t read it because I don’t want to believe that those kinds of things could be happening in this country that I call home and love so much.

Rep. Peter King, R-N.Y., offered the motion on Thursday to make the Republican majority-authored report available to the members.

The document shows a troubling course of conduct and we need to make the document available, so the public can see it,” said a senior government official, who spoke on condition of anonymity due to the sensitivity of the document. “Once the public sees it, we can hold the people involved accountable in a number of ways.”

The government official said that after reading the document “some of these people should no longer be in the government.” –Sara Carter

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Global Debt Growing Three Times Faster than Global Wealth


by Peter Schiff, SchiffGold:

Global wealth increased to a new record of $280 trillion in 2017, according to Credit Suisse Global Wealth Report 2017. That seems like pretty good news until you consider global debt is increasing nearly three times as fast.

According to the Wealth Report, total global wealth rose at a rate of 6.4%, the fastest pace since 2012 and reached USD 280 trillion, a gain of USD 16.7 trillion. This reflected widespread gains in equity markets matched by similar rises in non-financial assets, which moved above the pre-crisis year 2007’s level for the first time this year. Wealth growth also outpaced population growth, so that global mean wealth per adult grew by 4.9% and reached a new record high of USD 56,540 per adult.”

Increasing global wealth is one of the trends the World Gold Council identifiesas a positive for the gold market in the next year.

That’s all well and good. But we have to also look at the other side of the equation.

As ZeroHedge reported, the Institute of International Finance recently released its latest global debt analysis. It reported that global debt rose to a record $233 trillion at the end of Q3 2017. That is split up between $63 trillion in government debt, $58 trillion in financial sector corporate debt, $68 trillion in non-financial sector corporate debt, and $44 trillion in household indebtedness.

In just nine months, there was an increase of $16 trillion in worldwide debt.

According to the IIF, private non-financial sector debt hit all-time highs in Canada, France, Hong Kong, South Korea, Switzerland and Turkey.

Last summer, US Global Investors CEO Frank Holmes called global debt “the mother of all bubbles.” We also had a report from the Bank of International Settlements saying worldwide debt may actually be understated by $13 trillion.

Of course, all of this debt has ramifications. ZeroHedge put it this way.

Still, while global GDP has enjoyed a period of accelerating growth, this may soon come to an end even as debt levels continue to rise. Meanwhile, the debt pile could act as a brake on central banks trying to raise interest rates, given worries about the debt servicing capacity of highly indebted firms and government, the IIF analysts wrote.”

The mainstream loves to focus on assets and wealth growth, but it doesn’t talk much about debt. They should because they are both important factors in the equation.

Net wealth = Assets – Debt

So, you really can’t talk about wealth without talking about debt. SRSrocco took a look at both factors in the equation.

Even if global wealth surged in 2017, so did world debt.  According to the data, global wealth increased by $16.7 trillion in 2017 while global debt expanded $16 trillion… nearly one to one. However, this is only part of the story. If we look at the increase in total world debt and total global wealth over the past 20 years, we can see a troubling sign, indeed: Since 1997, total global debt increased from $50 trillion to $233 trillion compared to the rise in global wealth from $120 trillion to $280 trillion.

When you do the math, you find global debt has increased 366% vs. 133% increase in global wealth since 1997. That means net wealth was $70 trillion in 1997 versus $47 trillion in 2017.

Read More @ SchiffGold,com

FBI Investigating Millions Of “Mishandled” Dollars Funneled From Australian Govt To Clinton Foundation


from ZeroHedge:

The FBI has asked retired Australian policeman-turned investigative journalist, Michael Smith, to provide information he has gathered detailing multiple allegations of the Clinton Foundation receiving tens of millions of mishandled taxpayer funds, according to LifeZette

“I have been asked to provide the FBI with further and better particulars about allegations regarding improper donations to the CF funded by Australian taxpayers,” Smith told LifeZette.

Of note, the Clinton Foundation received some $88 million from Australian taxpayers between 2006 and 2014, reaching its peak in 2012-2013 – which was coincidentally (we’re sure) Australian Prime Minister Julia Gillard’s last year in office.

Hillary Clinton and former Australian PM Julia Gillard

Smith names several key figures in his complaints of malfeasance, including Bill and Hillary Clinton and multiple Australian government officials – including senior diplomat Alexander Downer, whose conversation with Trump aide George Papadopoulos that Russia had ‘dirt’ on Hillary Clinton allegedly launched the Trump-Russia investigation (as opposed to the Fusion GPS dossier, of course). 

Within hours of the NYT publication, the paper was immediately shredded as the information Papadopoulous told Downer was already public

The materials Smith is giving to the FBI focus on a 2007 memorandum of understanding (MOU) between the Clinton Foundation’s HIV/AIDs Initiative (CHAI) and the Australian government. 

Smith claims the foundation received a “$25M financial advantage dishonestly obtained by deception” as a result of actions by Bill Clinton and Downer, who was then Australia’s minister of foreign affairs. 

Also included in the Smith materials are evidence he believes shows “corrupt October 2006 backdating of false tender advertisements purporting to advertise the availability of a $15 million contract to provide HIV/AIDS services in Papua New Guinea on behalf of the Australian government after an agreement was already in place to pay the Clinton Foundation and/or associates.”-Lifezette

As a reminder, the Australian government announced that they would stop pouring millions of dollars into accounts linked to the Clinton charities in November of 2016 – right after Hillary Clinton lost the election. 

The federal government confirmed to it has not renewed any of its partnerships with the scandal-plagued Clinton Foundation, effectively ending 10 years of taxpayer-funded contributions worth more than $88 million.

The Clinton Foundation has a rocky past. It was described as “a slush fund”, is still at the centre of an FBI investigation and was revealed to have spent more than $50 million on travel.

Despite that, the official website for the charity shows contributions from both AUSAID and the Commonwealth of Australia, each worth between $10 million and $25 million.

(Norway, coincidentally, also reduced its $20 million / year donations to the Clinton Foundation right after Hillary’s loss.) 

A third complaint by Smith revolves around a “$10 million financial advantage dishonestly obtained by deception between April 1, 2008, and Sept. 25, 2008, at Washington, D.C., New York, New York, and Canberra Australia involving an MOU between the Australian government, the “Clinton Climate Initiative,” and the purported “Global Carbon Capture and Storage Institute Inc.”

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Leaked Report Reveals Russia Has Underwater Nuclear Drones


by Darius Shahtahmasebi, The Anti Media:

Russia possesses an underwater nuclear drone capable of carrying a 100-megaton nuclear warhead, a recently leaked draft of the Pentagon’s Nuclear Posture Review (NPR) has revealed.

The weapon, known as the autonomous underwater vehicle “AUV,” is featured in a chart that lays out Russia’s multiple nuclear delivery vehicles in the draft paper. Its official name is the Ocean Multipurpose System Status-6. According to the draft report, the underwater drone has the potential to devastate U.S. ports and harbors. It has a range of 10,000 km, can descend 1 km below sea level, and can also reach a top speed of more than 56 knots (over 64 miles per hour).

Russia has developed and tested a nuclear-capable underwater drone called Ocean Multipurpose System Status-6.

The draft NPR, which was originally published by the Huffington Post, alleges that the U.S. has been left exposed because Russia has continued to develop nuclear weapons since the end of the Cold War. The draft paper appears to suggest that the U.S. has reduced its role in producing nuclear weapons.

“Russia’s strategic nuclear modernisation has increased and will continue to increase its warhead delivery capacity, and provides Russia with the ability to rapidly expand its deployed warhead numbers,” the draft paper states.

In addition to modernising ‘legacy’ Soviet nuclear systems, Russia is developing and deploying new nuclear warheads and launchers…These efforts include multiple upgrades for every leg of the Russian nuclear triad of strategic bombers, sea-based missiles, and land-based missiles,” the NPR also stated.

“Russia is also developing at least two new intercontinental range systems, a hypersonic glide vehicle and a new intercontinental nuclear-armed undersea autonomous torpedo.”

This reference to an “autonomous torpedo” is allegedly the first time the Pentagon has confirmed the existence of such a weapon.

According to Newsweek, in response, the Pentagon released the following statement, which appeared to confirm the draft’s authenticity:

“Our discussion has been robust and several drafts have been written. However, the Nuclear Posture Review has not been completed and will ultimately be reviewed and approved by the President and the Secretary of Defense. As a general practice, we do not discuss pre-decisional, draft copies of strategies and reviews.”

According to Defense News, Russia reportedly tested the AUV in November 2016.  Defense News also noted that the NPR offers “no sign that the Pentagon is interested in developing unmanned undersea vehicles capable of delivering a nuclear weapon.”

In reality, the draft paper provides a foundation for Donald Trump’s long-standing desire to be able to use nuclear weapons. After once reportedly asking three times in a meeting, “If we have nuclear weapons, why don’t we use them?” the draft paper has surfaced amid the Trump administration’s active efforts to try to remove the constraints that prevent the use of nuclear weapons.

Defense News helps us further understand the true motive behind the report:

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What are the options?


by Bob Rinear, The International Forecaster:

There are all sorts of options plays you can have fun with. I suggest that 90% of the people should stay with the absolute basics of trading options, and that simply means buying call options if you think a stock is going to rise. It means buying a put option if you think the stock is going to fall.

Last week we closed out some call option positions that rewarded us quite smartly. We had options on the SPY which is the proxy for the S&P 500, and we bought them in the 10’s and sold them in the 30’s. We had calls on the DIA’s, which is the Proxy ETF for the DOW 30, and we were in them in the 5’s and out at the 17 level. They were very nice gains, and it evidently encouraged a lot of our readers to ask about options. What are they, how do they work? etc. So, I’m going to do a little refresher here about options, and why we like to use them at times.

First off, if someone has scared you off of options, calling them “too risky”, just ignore them. The only real difference between buying a stock and buying an option, is that options come with a time limit. Your “bet” has to work out for you in a certain period of time, or you “could” indeed lose what ever money you paid for them. But frankly you have to do some very silly things to ever lose all your “bet” money.

If you buy a stock at say 50.00 and it starts falling on you, at some point you’ll probably institute a “stop” and sell out. Let’s say you held it from 50.00 to 45 and you’ve had enough of the pain. So you sell it. Yes you took a loss, but not “all” your bet money. Same thing with options. If you buy a call option on a stock at say 10.00 and a month from now it’s down to 8.60 because the stock you have the option against is falling… you can sell that option at 8.60. Did you lose some money? Yes you did. Did you lose it all? Of course not. It’s called risk management.

So, options aren’t these horrifying things at all. They’re simply another trading vehicle, and if done right, nothing, and I mean nothing can compare. Consider the First “Vegas play” which turned 30,000 dollars into 1.2 million. That was done with options. Then the second Vegas play which we did not long ago. We showed our members what we were going to do, and we did it. We took 19 thousand dollars, and turned it into 240,000 dollars. In 7 months. Only options allow that to happen.

Okay, so what the heck are they? In simple language? They’re just another trading vehicle, just like a stock is. You buy it, you hope your right and the stock it’s attached to goes up, and if it does, you sell your option for a profit. Boom, Simple. Easy-peasy.

Here’s the deal in a nutshell. You like the XYZ company chart. You think this thing is going to rocket from 100 per share to 145 per share in just a matter of a few months. You look and see that XYZ has options available. You think the stock is going to run for about 3 months. So you go out 4 months on the options list and you buy the XYZ 100 dollar “call” options. Then you sit and wait.

Suppose you’re right and XYZ goes to 145.00. If you owned the stock, you just had a wonderful return of 45%. Hurray! So why not just own the stock? Why bother with the options? Because the options you bought at say 7 dollars per “share” are now worth at least 45. Bought at 7, sold at 45 is 542%. THAT is why we play with options now and then.

But the returns aren’t the “only” reason. Look at the amount of money you played with. To buy 100 shares of XYZ “the stock”, you needed $10,000 dollars. But to buy 100 ‘shares” of the XYZ options, you only needed 700 bucks. So, a lower cost of entry, with the “ability” for outsized gains.

Let me break it down with a real trade. Back in September we said to our members, “if this market wants to run into year end, we want to be “in” it. So we looked at the S&P proxy, the SPY. At the time, the SPY was trading at about 248 dollars. We bought the January 2018, 245 dollar call options.

Okay, so what’s that mean? It meant that from that day in September, until January 19, 2018 we had the “right” but not the obligation, to buy the physical SPY stock, for 245 bucks. As the months wore on, the S&P ( and thus) the SPY continued higher and higher. Then last week, the SPY was ending the week at 277 dollars.

Remember, we have the legal right to actually buy the SPY for 245. Well if I can buy the stock itself for 245 while it’s trading at 277, I could “exercise” my option, buy the stock at 245 and instantly sell it at 277 giving me a 32 dollar profit. But there’s no reason to do that. Why? Because the option that we bought for 10.91 was now trading at 32.65. We simply sold the option. That’s a 200% gain.

So, what would have happened instead, if the SPY had started falling after we bought our options? Then our options “value” would have started falling. If the SPY kept falling, at some point we’d have to pull the plug and stop ourselves out. Let’s say that we bought those January 245 calls at 10.91 in September, and by mid October, the SPY wasn’t up, but was down to 240 per share. Our options, bought at 10.91 might only be worth 8 bucks. We could sell them at 8 and take the loss. Or we could hold them and “hope” it’s coming back. Say it doesn’t and drops to 238 per share? Now our options might only be worth 6 bucks. We could sell it there.

Do options always reward you? Heck no, no more than stocks do. Remember, it’s not the option that is a reflection of the underlying company, it’s the stock. You buy the stock of IBM if you think IBM the company is going higher. You buy a “call option” against the stock of IBM if you think the company is going higher. As you know, sometimes they don’t follow the plot and stocks do go down. If you bought the stock, and the company misses earnings, your stock will get hit. If you have the options on IBM stock and the company misses earnings your options will get hit. Same thing.

There are all sorts of options plays you can have fun with. I suggest that 90% of the people should stay with the absolute basics of trading options, and that simply means buying call options if you think a stock is going to rise. It means buying a put option if you think the stock is going to fall.

With stocks, if you want to make a profit as the market is falling, you either have to buy an “inverse” ETF or you “short” the stock. With options you buy a put. Put options increase as the price of the stock falls.

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Photo evidence proves the dead guy in the leaked photos is not Stephen Paddock


by Shepard Ambellas, Intellihub:

It’s official, the dead guy in the leaked photos is not Stephen Paddock

LAS VEGAS (INTELLIHUB) — Photographic evidence available in the public domain suggests that the dead guy in the leaked photos is not Stephen Paddock.

No this is not a joke.

Let’s take a closer look.

Here are a few pictures of the real Stephen Paddock.

In the following picture, Stephen Paddock is pictured with his friend Lisa Crawford who has nothing but good things to say about Paddock.

 The real Stephen Paddock pictured with his friend Lisa Crawford before his death. (Screenshot via ABC News)
The real Stephen Paddock pictured with his friend Lisa Crawford before his death. (Screenshot via ABC News)

Here is another picture of the real Stephen Paddock. Take a close look at his ears in each picture. Look at how his earlobes connect to his face, how smooth the transition is.

 The real Stephen Paddock with his friend Lisa Crawford. (Screenshot via ABC News)
The real Stephen Paddock with his friend Lisa Crawford. (Screenshot via ABC News)

Take note.

Now look at the earlobes on the dead guy. They have a distinct curl to them.

 Leaked photos allegedly show Stephen Paddock but the ears are all wrong. They have a curl.
Leaked photos allegedly show Stephen Paddock but the ears are all wrong. They have a curl.

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by Geoffrey Grider, Now The End Begins:


“And it shall come to pass in that day, that I will seek to destroy all the nations that come against Jerusalem.” Zechariah 12:9 (KJV)

EDITOR’S NOTE: When it became apparent that Donald Trump was going to officially recognize Jerusalem as the capital of Israel, Pope Francis called for urgent prayer that Jerusalem would remain divided and out of Israeli control. Now Turkish president Erdogan will meet with the anti-Israel pope in secret closed-door meetings to discuss what the Muslim response should be. Just as the Vatican had signed concordats with Hitler to help bring the Nazis to power and protect them, they are now aligning with the Muslims to conspire to give control of Jerusalem to the Palestinians. 

The Turkish leader and head of the Roman Catholic Church both strongly opposed the move announced by US President Donald Trump at the end of last year.

Erdogan called Trump’s recognition of Jerusalem a “bomb” which would inflame the Middle East and his top diplomat called for the recognition of Jerusalem as the capital of Palestine.

Erdogan’s first trip to the tiny state will be on February 5, the Vatican said. It follows phone calls between the two leaders who share concerns over the recognition of Israeli rights to Jerusalem and agree that the status quo should remain.

The Argentine-born pope met Erdogan during his trip to Turkey in November 2014. The return visit will be the first by a Turkish president since 1959.

Erdogan has expressed hope for a better relationship with the European Union after a fractious 2017, despite concerns over human rights violations in Turkey, particularly during the crackdown that followed a failed coup in July 2016.

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