Saturday, June 6, 2020

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Wheels Come Off The Leveraged Loan Market: Banks Unable To Offload Loans Amid Record Outflows

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from ZeroHedge:

To think it was less than three months ago that we wrote that “leveraged loan demand is off the charts as dangers mount.” Since then, a lot has happened in the credit market, with yields and spreads blowing out in credit in a much delayed response to said mounting dangers and turmoil in the equity market, eventually hitting the leveraged loan market too, where as we wrote last week, loan prices have fallen precipitously as loan funds suffered dramatic redemptions in recent days, most notably the Blackstone leverage-loan ETF, SRLN, which last week saw its largest ever one-day outflow since its inception.

Democrats Are Drooling With Glee Over 2 New Legal Developments That They Believe Could End The Trump Presidency

by Michael Snyder, The Economic Collapse Blog:

There never was any “collusion with Russia”, but the Mueller investigation opened the door for investigators to keep turning over rocks, and it was inevitable that they were eventually going to find something.  In America today, we are governed by literally millions of laws, rules and regulations, and nobody has more laws that they must follow than the president of the United States.  So if the Deep State really wants to get the resident of the White House, there are lots of ways that they can do it.  Over the past several days, there have been a couple of new legal developments that potentially represent great threats to the Trump presidency, and Democrats are drooling with delight.

FRENCH GENERALS ACCUSE MACRON OF “TREASON” OVER UN MIGRATION PACT

by Paul Joseph Watson, InfoWars:

Open letter says French citizens have another reason to “revolt”

A group of French military generals have written an open letter to Emmanuel Macron accusing the French President of committing “treason” by signing the UN migration pact.

The pact, which was signed by 164 nations on Monday, including France, is not legally binding but greases the skids for unlimited migration to be treated as a human right and criticism of mass migration to be treated as hate speech.

GOLD DOWN $2.00 TO $1243.00 BUT SILVER HOLDS IT’S OWN UP 2 CENTS TO $14.77

by Harvey Organ, Harvey Organ Blog:

GOLDMAN SACHS DEALER AND A CUSTOMER ACCOUNT OF JPMORGAN CONTINUE TO TAKE IN GOLD AT THE GOLD COMEX/THERESA MAY SURVIVES AN INTRA PARTY CONFIDENCE VOTE BUT CHAOS REIGNS SUPREME OVER THERE//NO CONFIDENCE VOTE EXPECTED IN FRANCE/TERRORIST IS STILL AT LARGE IN FRANCE/ECB FORMALLY ENDS QE BUT WILL STILL PURCHASE NEW BONDS WITH BONDS THAT COME DUE//USA SENATE WILL NO LONGER BACK TRUMP WITH THE SAUDI WAR IN YEMEN/USA DEFICIT FOR THE NOV. SKYROCKETS TO 205 BILLION DOLLARS/AND FOR TWO MONTHS; 305 BILLION DOLLARS

Crash alert! – Bill Holter

by Bill Holter, Miles Franklin:

People continually ask “when” will it happen? For the last 6 months we have responded “it is happening right before your very eyes”! In fact, as of this morning 52% of global markets are now down over 20% from their highs and qualifying as bear markets. Please understand the financial backdrop these weakening markets are falling into. Bluntly, the world is facing a giant margin call that cannot be met.

Liquidity had become extremely tight even as markets made their high water marks. It is this lack of liquidity which threatens to become a self reinforcing flash crash to hell via margin calls. “Don’t worry” they say, central banks will come to the rescue. There is one fundamental problem with this line of thought, the value of the issued currencies themselves. There is zero mathematical way to service and pay off current debt with current currency values … currencies must be massively printed and thus devalued if they are to pay off the mountains of debt! Central banks created the problem, they will not be the solution. Rather, their demise will be part of the solution.

Despite Macron’s TV Mea Culpa, France Set for Showdown

by Finian Cunningham, Strategic Culture:

Despite a televised appearance of humility and sympathy, French President Emmanuel Macron seems to have failed to quell the mood of national anger over wide-ranging economic grievances.

The capital Paris and other major French cities are thus set to see the fifth consecutive weekend of protests – or “Act Five” as the demonstrators are saying.

Nearly 24 hours after Macron’s TV address, a gunman killed three people and injured dozens others in the eastern city of Strasbourg, prompting French authorities to declare a state of emergency. The heightened tensions across France with maximum security forces deployed come as protest marches are planned for this weekend against Macron’s government.

Watch Live: Clinton And Uranium One Whistleblower’s “Explosive” Testimony On Capitol Hill

from ZeroHedge:

Update: The session began with GOP Rep. and Chairman Mark Meadows expressing concern over recent reports that donations to the Clinton Foundation had plunged since Hillary Clinton’s loss in the 2016 presidential election – implying that the donors saw no value in contributing to the foundation unless Hillary was in power.

The filings showed that the foundation took in $26.6 million in 2017, a 58 percent drop from the $62.9 million it received the previous year.

“Now several reports suggest that the decrease in donations could reflect a ‘pay to play’ activity in the years prior to the decline in donations,” Meadows said.

How Does Alexandria Ocasio-Cortez Explain Communism’s 100 Million Dead?

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by James Lewis, American Thinker:

Well, the new sex object for liberals – who hate the very idea of sex objects –  is a cute young lady named Ocasio-Cortez, who is famed in legend and song for her extreme ignorance of the U.S. Constitution.

But whaddayawant for a sex object?  The Federalist Society?

Ms. O-C is now stealing headlines from Hillary and Lizard, I mean Liz Warren, who are no longer heap big wampum in the Big Money fields of the left.  How quickly they fall.

The Cannabis Cure For Cancer

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by Sayer Ji, Green Med Info:

This quick overview of the science backs up the assertion that every cancer patient and every oncologist should put medical marijuana on their treatment maps.

There should be no more confusion about whether or not marijuana is effective for cancer patients. Medical marijuana is chemotherapy, natural style, for cancer patients. The two forms of hemp oil, one with THC and CBD and the other CBD alone (which is pretty much legal everywhere) provide the body with chemo-therapeutics without the danger and staggering side effects. There are many chapters in my book about cancer patients using marijuana, but in this one we present a quick overview of the science that backs up the assertion that every cancer patient and every oncologist should put medical marijuana on their treatment maps.