Monday, June 14, 2021

SGT

81331 POSTS 0 COMMENTS

Clinton/Obama Were Colluding With The Russians, Not Trump

by Tim Brown, Freedom Outpost:

While the media, the Democrats and many Republicans have been losing their minds, spending our money and wasting time on investigating something they have no evidence for investigating, namely the Trump administration colluding with the Russians, the real colluders were Barack Hussein Obama Soetoro Sobarkah and Bill and Hillary Clinton.

It isn’t like we haven’t pointed out some of this collusion before here, but C. Mitchell Shaw reports at The New American:

Newly released information confirms that it is Hillary Clinton — as secretary of state — and not Trump who can be shown to be “Putin’s puppet. The Hill, Fox News, Newsweek, and others are reporting that a deal between Clinton’s State Department and Russian interests that transferred 20 percent of U.S. uranium to Russian control involved bribery, collusion, and coverup. And Clinton’s fingerprints are all over it.

This confirms reports published by The New American even as the failed Clinton campaign and its accomplices in the liberal mainstream media continued to beat the stillborn horse of Trump/Russia collusion. In an article originally published in our print magazine and later published online, this writer addressed the evidence of “unethical, illegal, and corrupt behavior” revealed in the leaked Clinton campaign and DNC e-mails and documents published by WikiLeaks:

Those e-mails and documents serve as a box full of smoking guns against the DNC and Clinton campaign. A quick look at just a few of those

smoking guns — any of which alone would be damning — illustrates why Clinton (with the help of the liberal media) wanted to keep the attention on the supposed source of the leak, rather than on what the e-mails show about Clinton and her comrades in the DNC….

As secretary of state, Clinton “reset” relations with Putin’s Russia, which helped the Clinton Foundation and its donors make millions of dollars off a deal that sold the mining company Uranium One (and 25 percent of our strategic uranium production) to Russia.

That report by The New American — in February — was published months before The Hill “broke” this story.

Now, more is known about that deal. And the more that comes out, the worse it looks for both Clinton and Obama: FBI and court documents show that the Obama-era FBI (under the “leadership” of ousted FBI Director James Comey) was aware that Putin’s regime in Moscow had compromised an American uranium trucking firm with bribes and kickbacks in violation of the Foreign Corrupt Practices Act, according to a report by The Hill. As an aside, does anyone still think it was a mistake for Trump to fire Comey?

The evidence of bribes and kickbacks is not mere conjecture and innuendo (as in the case of allegations against Trump), but is solidly supported by “a confidential U.S. witness working inside the Russian nuclear industry” who gathered “extensive financial records,” made “secret recordings,” and intercepted “emails as early as 2009,” according to The Hill. Moreover:

They also obtained an eyewitness account — backed by documents — indicating Russian nuclear officials had routed millions of dollars to the U.S. designed to benefit former President Bill Clinton’s charitable foundation during the time Secretary of State Hillary Clinton served on a government body that provided a favorable decision to Moscow, sources told The Hill.

The racketeering scheme was conducted “with the consent of higher level officials” in Russia who “shared the proceeds” from the kickbacks, one agent declared in an affidavit years later.

And yet — even with the FBI and other federal authorities being aware of this in 2009, the DOJ dragged the investigation out until 2015, allowing a deal to go through that transferred between 20 and 25 percent of U.S. uranium to Russia in the Uranium One deal that fattened the coffers of the Clinton Foundation, strengthened Putin’s Russia, and weakened the United States. For the anti-American element (for whom Clinton was the perfect candidate), that is a win/win/win scenario.

This isn’t all.

In a secret tarmac meeting, Hillary Clinton told the FBI’s Robert Meuller to deliver uranium to the Russians.

In June 2017, we reported:

Former Secretary of State Hillary Clinton facilitated the transfer a highly enriched uranium (HEU) previously confiscated by the U.S. Department of Energy (DOE) during a 2006 “nuclear smuggling sting operation involving one Russian national and several Georgian accomplices,” a newly leaked classified cable shows.

So-called “background” information was provided in the cable which gave vague details on a 2006 nuclear smuggling sting operation in which the U.S. government took possession of some HEU previously owned by the Russians.

“Over two years ago Russia requested a ten-gram sample of highly enriched uranium (HEU) seized in early 2006 in Georgia during a nuclear smuggling sting operation involving one Russian national and several Georgian accomplices. The seized HEU was transferred to U.S. custody and is being held at a secure DOE facility.”

The secret “action request,” dated Aug. 17, 2009, was sent out by Secretary of State Clinton and was addressed to the United States Ambassador to Georgia Embassy Tbilisi, the Russian Embassy, and Ambassador John Beyrle.

Read More @ FreedomOutpost.com

Surprisingly, I’m Quite Optimistic About the Future

0

by Michael Krieger, Liberty Blitzkrieg:

To summarize, in just the last few years the world has invented a way to create software services that have no central operator. These services are called decentralized applications and they are enabled with crypto assets that incentivize entities on the internet to contribute resources — processing, storage, computing — necessary for the service to function.

It’s worth pausing to acknowledge that this is kind of miraculous. With just the internet, an open protocol, and a new kind of asset, we can instantiate networks that dynamically assemble the resources necessary to provide many kinds of services.

– From Adam Ludwin’s: A Letter to Jamie Dimon

I’m actually pretty optimistic about the future. I know some of you might be surprised to hear that, but it’s true. This might not be the case if I had only five years left on the planet, but assuming I’m fortunate enough to stay healthy for another few decades, I think the world will be a much better place when I leave it than when I came in.

The simple fact of the matter is this. For things to get substantially better from any situation, it’s always easier to start from a pretty bad place. When I write articles describing the U.S. economy as a rent-seeking, oligarch controlled swindle, I don’t do this to fill you with a sense of insurmountable dread. Rather, the purpose of those posts is to shake as many people as possible out of their slumber. There’s simply no way we can come up with appropriate and conscious solutions to our problems unless we can identify the various scams that govern so much of life around us.

The most lucrative scams are simultaneously extremely bold and well hidden. As such, there’s no greater scam on earth than the scam of the monetary system. A system where a small group of unelected technocrats (central bankers) are given power to create and distribute money at their discretion. The power that these people wielded during the financial crisis was historic in nature and dastardly in its results. Essentially, the monetary system was used as a weapon to bailout and further enrich those already entrenched in positions of power and wealth at the expense of everyone else. There’s simply no way Donald Trump would be President today had it not been for the extraordinarily lopsided “recovery,” which was a direct result of government’s extremely unethical and arguably criminal response to the financial crisis.

 

Having worked in the financial industry for a decade, I immediately saw the swindle for what it was. As such, I could no longer stomach working on Wall Street and resigned from my job in January 2010. The next couple of years were dark ones for me. I saw what had happened, and I knew the kind of society that was being institutionalized as a result of bailing out and leaving some of the most vile, predatory people in U.S. society at the pinnacles of power. I felt an overwhelming sense of dread and couldn’t see a way out. Then I learned about Bitcoin.

I don’t want to overly repeat stuff I’ve already written, but Bitcoin provided me with a sense of optimism I hadn’t felt in years. I saw that some genius had created a monetary escape route for humanity, and that we would now have the technology to start creating the world of the future. A world increasingly characterized by decentralization and grassroots action, versus centralization and top down command and control. It’s been five years since I started writing about Bitcoin, and I’m more encouraged than ever. Not only has Bitcoin captured the imagination of the world, but decentralized applications are taking off in all sorts of different ways.

To understand more about what I mean, I strongly suggest reading an article published by Adam Ludwin titled, A Letter to Jamie Dimon. Below are just a few select excerpts from this excellent piece:

To summarize, in just the last few years the world has invented a way to create software services that have no central operator. These services are called decentralized applications and they are enabled with crypto assets that incentivize entities on the internet to contribute resources — processing, storage, computing — necessary for the service to function.

It’s worth pausing to acknowledge that this is kind of miraculous. With just the internet, an open protocol, and a new kind of asset, we can instantiate networks that dynamically assemble the resources necessary to provide many kinds of services…

Centralized applications beat the pants off decentralized applications on virtually every dimension.

EXCEPT FOR ONE DIMENSION.

And not only are decentralized applications better at this one thing, they are the only way we can achieve it.

What am I referring to?

Censorship resistance.

This is where we come to the elusive signal in the noise.

Censorship resistance means that access to decentralized applications is open and unfettered. Transactions on these services are unstoppable…

Given how different they are from the app models we know and love, will anyone ever really use decentralized applications? Will they become a critical part of the economy? It’s hard to predict because it depends in part on the technology’s evolution but far more on society’s reaction to it.

For example: until relatively recently, encrypted messaging was only used by hackers, spies, and paranoids. That didn’t seem to be changing. Until it did. Post-Snowden and post-Trump, everyone from Silicon Valley to the Acela corridor seems to be on either Signal or Telegram. WhatsApp is end-to-end encrypted. The press solicit tips through SecureDrop. Yes, the technology got a little better and easier to use. But it is mainly changes in society that are driving adoption.

In other words, we grew up in the rainforest, but sometimes things change and it helps to know how to adapt to other environments.

And this is the basic argument that the smart money is making on crypto assets and decentralized applications: that it’s simply too early to say anything. That it is a profound change. That, should one or more of these decentralized applications actually become an integral part of the world, their underlying crypto assets will be extremely valuable. So might as well start placing bets now and see how it goes. Don’t get to hung up on whether we see the killer apps yet.

That’s not a bad argument and I tend to agree.

The above is just a small fraction the post, but packs a ton of important information. What Adam is saying is that with the advent of Bitcoin and other decentralized applications, we now have an opt-out to centralization (and hence censorship) in some very important aspects of life, with the most significant to-date being with respect to a hopelessly corrupt monetary system.

Read More @ LibertyBlitzkrieg.com

John McCain: An American Traitor for the Ages

0

by Dave Hodges, The Common Sense Show:

As a relatively young man in 1980, I had just finished reading the book, Trilaterals Over Washington,authored by Patrick Wood and the late Anthony Sutton. In the book, I learned from extensive documentation, that America had been taken over by a small minority of wealthy elitists. I was shocked, angered and outraged that our elected officials were spitting in the face of the Constitution by allowing this to happen.

I began a search to find out more about what I had read in the Pat Wood’s book. In the days before the Internet, I was forced to use the old card catalogue system. I went to varous universities. I went to public libraries. I called the staffs of various member of Colorado’s congressional delegation. Through all my research, I found one, only ONE article that even mentioned the Trilateral Commission and it was the globalist mouthpiece, The Atlantic. This early New World Order rag stated that the organization was pro-human rights and that the creation of a new philosophy would benefit humanity because of the creation of “a more equitable and just world order”.  I was angy beyond belief. I realized that the America was screwed and at some future date, we were going to lose our country!

Can you imagine, in 1980, the reaction I got when I did my version of Paul Revereimitation “The Trilaterals are coming, the Trilaterals are coming”. My closest friends and my girlfriend had thought I had literally lost my mind. I was just getting started with my coaching and academic career. Some of my academic colleagues and graduate school professors accused me of being a “John Bircher”.  I did not even know what a John Bircher was, I just knew that at some future date that we were going to lose our country.

The Trilateral Commission and its first cousin, The Council on Foreign Relations were very secretive in those days and only “crazy people” talked about these organizations. I guess I was one of the early “conspiracy theorists”. During that time, most of my friends thought that I had lost my mind, and being on the verge of losing a very cute girlfriend, I chose to go back to sleep. Ironcially, in 2017, Pat Wood is my now friend and I am on a lot of naughty lists due to my advocacy for the restoration of the Constitution.

Today, events have really changed. Hillary Clinton campaigned, for the Presidency, in front of the Council of Foreign Relations back drop, repeatedly.

Read More @ TheCommonSenseShow

Under The Thumb Of The Banks – Craig Hemke

0

by Craig Hemke, Sprott Money:

The price of Comex Digital Gold continues to be held hostage by the major Bullion Banks which operate on the Comex in New York. Though some “improvement” in their collective position was noted in the latest bank Participation Report, it is very important to note that The Banks are still as heavily net short as they were at the price peak in the summer of 2016.

We wrote about this recent surge in Bank shorting last month and the article can be found here:https://www.tfmetalsreport.com/blog/8554/guard-aga…

In the article, we wrote that the 24 Bank short position in Comex gold had nearly doubled in just two months from 104,788 contracts net short to 213,746 contracts net short. The significance and speed of this rise rivaled what was observed in the first half of 2016 and we all know what followed in the second half of 2016. Namely, a smash in price that flushed the Spec longs back out of the Comex paper gold market and allowed these Banks to buy back and cover many of their short positions.

Specifically, the 24 Bank position, as divulged through the CFTC-generated Bank Participation Report, rose from just 45,259 contracts net short on 1/5/16 to a high of 195,262 contracts net short on 5/3/16. After falling back in June of 2016, this position again hit 191,834 contracts net short on 7/5/16.

From there, as price fell from $1375 to $1175, the 24 Bank position contracted back to just 73,722 contracts net short on 1/3/17.

As price rose again in 2017, The Banks resumed their profitable game of initiating Comex contracts on the sell side and taking the opposite position of hedge and trading fund speculators on the buy side. As price rose once more from $1175 to the early September peak near $1360, the 24 Bank position rose again to the aforementioned 213,746 net short.

Our concern in September was that all of this Bank shorting would soon lead to another fall in price and, unfortunately, we were proven correct as price fell to $1275 by the time the latest survey was taken on October 3. However, even though price fell by nearly $75 between report surveys, the latest Bank Participation Report showed that the total Bank position had only declined by about 30,000 with a new net short position of 182,197 contracts.

Therefore, there are several important items to note at this point:

1. As of October 3, the 24 Bank net position was nearly as heavily net short was it was at the price peak in July of 2016.

2. While doubling the size of their net short position on the $150 price rally of July and August, The Banks were only able to trim their position by 15{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} on the $75 pullback in September.

3. The Speculators have obviously held firm despite the recent pullback in price. They have not been quick to turn tail and run from Comex gold, choosing instead to remain steadfastly long. 

Read More @ SprottMoney.com

Massive criminal conspiracy unravels: Hillary Clinton took $145M from Russians to sell out the U.S. uranium supply to America’s enemies (and the FBI knew all along)

0

by Mike Adams, Natural News:

We have truly reached the point in American history where criminal indictments need to be immediately leveled against James Comey, Loretta Lynch, Eric Holder, Hillary Clinton, Bill Clinton, Robert Mueller and a dozen other high-ranking officials who are now known to have been complicit in one of the most treasonous criminal cover-ups in American history.

Although the entire left-wing media is running a campaign of complete silence on this story, the rest of the media is now widely reporting that, under President Obama, the FBI had documented an exhaustive trail of corruption, bribery and treason that involved Hillary Clinton, State Department corruption and Russia-linked mining companies that acquired rights to U.S. uranium supplies. This truth was described in great detail in the book Clinton Cash by Peter Schweizer, and now evidence is emerging that further confirms the depth of collusion, corruption, money laundering and treason that Hillary Clinton actively pursued to collect $145 million from Russia-linked sources.

According to The Hill:

Before the Obama administration approved a controversial deal in 2010 giving Moscow control of a large swath of American uranium, the FBI had gathered substantial evidence that Russian nuclear industry officials were engaged in bribery, kickbacks, extortion and money laundering designed to grow Vladimir Putin’s atomic energy business inside the United States, according to government documents and interviews.

They also obtained an eyewitness account — backed by documents — indicating Russian nuclear officials had routed millions of dollars to the U.S. designed to benefit former President Bill Clinton’s charitable foundation during the time Secretary of State Hillary Clinton served on a government body that provided a favorable decision to Moscow, sources told The Hill.

Former President Barack Obama oversaw this criminal racketeering scheme, according to multiple sources. “It turns out the Obama administration knew the Russians were engaged in bribery, kickbacks and extortion in order to gain control of US atomic resources — yet still OK’d that 2010 deal to give Moscow control of one-fifth of America’s uranium,” writes the New York Post. “Hillary Clinton, again, sat on a key government body that had to approve the deal — though she now claims she had no role in a deal with profound national security implications, and during the campaign called the payments a coincidence.”

“…[T]he State Department under Clinton and other agencies on the Committee on Foreign Investment approved unanimously the sale of Uranium One, a Canadian mining company, to Russia’s state nuclear company Rosatom, which gave Moscow control over 20 percent of U.S. strategic reserves,” reports NewsTarget.

Robert Mueller ran the FBI as this criminal racket was taking place

What’s even more astonishing about all this is that Robert Mueller, now running a partisan special counsel investigation into the fake conspiracy theory that falsely claims Trump colluded with the Russians to steal the election, was the head of the FBI while this Uranium One treason was taking place.

“Until September 2013, the FBI director was Robert Mueller — who’s now the special counsel probing Russian meddling in the 2016 election. It’s hard to see how he can be trusted in that job unless he explains what he knew about this Obama-era cover-up,” writes the NY Post.

“The connections to the current Russia case are many. The Mikerin probe began in 2009 when Robert Mueller, now the special counsel in charge of the Trump case, was still FBI director. And it ended in late 2015 under the direction of then-FBI Director James Comey, whom Trump fired earlier this year,” adds The Hill.

Mueller, who like James Comey appears to be a political lackey for the Clinton crime cartel, is just one of many shadowing players in this rapidly unraveling story of corruption and lies. Bill Clinton, wouldn’t you know it, is also implicated. As The Hill explains:

Peter Schweitzer and The New York Times documented how Bill Clinton collected hundreds of thousands of dollars in Russian speaking fees and his charitable foundation collected millions in donations from parties interested in the deal while Hillary Clinton presided on the Committee on Foreign Investment in the United States.

U.S. Senate investigation launched to uncover the truth about this treason, corruption and collusion

As The Hill writes, this morning the Senate has launched an official probe into this astonishing criminal cartel that was operating right under the nose of Barack Obama:

Read More @ NaturalNews.com

Multiple Gunmen Involved in Las Vegas Shooting?

0

by Stephen Lendman, The Sleuth Journal:

The official story lacks credibility. None of it can be believed, media scoundrels going along with authorities, suppressing information they don’t want reported.

Kymberley Suchomel, aged-28, attended the October 1 Harvest Music Festival. She survived what happened, dying mysteriously days later.

Below are portions of what she posted on Facebook days after the mass shootings, suggesting multiple gunmen involved, saying:

“From about 50 feet in front of us, and a little to the right, fire crackers were set off. Let me repeat that…FIRE CRACKERS WERE SET OFF. I verbally stated some(one) just shot of fire crackers in close proximity to so many people.’ I was literally pissed off.”

“(A)bout 15 seconds later, the first volley of gunfire was released. It was a shorter volley than any of the others, and the gunfire was not as close together either. EVERYONE looked up, down, around. We thought it was more fire crackers at first…”

“Then people started to panic…That is when the 2nd volley went off…(A) 3rd volley hit…and it was close. Very, very close to us. I could physically see the impact of the bullets on the astro-turf, I could feel the warmth & the passing of bullets.”

“We ran. I don’t know what direction we ran, I don’t know towards which landmark we ran. We just ran…(T)he gunfire…got closer and closer.”

“That exact moment is when I started to really panic. That is the exact moment in which I thought this was it, I was going to die, I was never going to see my family again.”

“(T)he gunfire wasn’t stopping this whole time. It wasn’t ceasing. It wasn’t slowing down. And It was directly behind us, following us. Bullets were coming from every direction.”

Let’s repeat that. Suchomel said “(b)ullets were coming from every direction,” adding “(b)ehind us, in front of us, to the side of us…There was more than one gun firing. 100{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} more than one.”

“I have bene (sic) watching the news non-stop since I arrived back home to my family. And it just doesn’t make sense. The story that are feeding everyone doesn’t add up to our eyewitness accounts. There is something wrong with what they are saying & the evidence seems fake if you ask me.”

“Every single survivor I have talked to also remembers multiple shooters, and at least one from the ground- why aren’t we being taken more seriously? Tons of things don’t add up.”

We went to Las Vegas for a super fun, down to Earth country concert featuring our favorite artists. We left scared, scarred, traumatized and broken. And for that, we demand answers.”

How a 28-year-old woman passed away days after her Facebook post remains unanswered – reportedly from natural causes.

Her Facebook account of the shootings was removed days after it went viral online.

Reports indicated FBI agents seized cellphones from Harvest Music Festival workers after the October 1 incident. Reportedly all messages and videos from the weekend were wiped clean before returning them.

Venders reported the same thing happened to them. Laptops at the scene were seized and wiped clean.

Why? Was it to prevent eyewitness evidence from getting out – contradicting the official story? There’s plenty to contradict.

Was the FBI complicit in what happened? The initial narrative changed, Stephen Paddock still accused of being a lone gunmen in all official reports.

No witnesses were interviewed suggesting multiple shooters, including at least one on the ground, according to Suchomel.

She’s dead and can’t elaborate further. So is Paddock, a millionaire. Did he take his own life as reported or was it taken from him?

Why would a man of his means conduct mass shootings and commit suicide when he had everything to live for?

Reaad More @ TheSleuthJournal.com

Silver Bullion Prices Set to Soar

by Myra Saefong, via Goldseek:

Silver bullion prices are expected to jump as solar and smartphone demand rises and the Fed tries to stave off economic weakness

Gold prices have far outpaced gains in silver so far this year, but silver will emerge as the winner for the second year in a row.

With a per-ounce price of $17.41 for silver futures as of Friday, analysts say the white metal is poised for a big climb, particularly as the gold-to-silver ratio stands well above historical averages. “Silver is definitely undervalued compared to gold and as a stand-alone investment. I consider it likely to be the most undervalued asset in the general investment markets,” says Paul Mladjenovic, author of Precious Metals Investing For Dummies.

The best barometer of its potential gains comes from its value relative to gold. The long-term average gold-to-silver ratio runs around 15 to 1, while the modern average going back a century is roughly 40 to 1, says Mark O’Byrne, research director at precious-metals storage provider GoldCore. The ratio, which reflects how many ounces of silver bullion it takes to equal the value of one ounce of gold, stood at a whopping 75 to 1 on Friday.

That steep ratio suggests “it’s a good time to buy silver bullion,” says O’Byrne. He explains that the “huge amount of silver used up in industrial applications” suggests the ratio should fall over the long term: “It’s likely that the gold/silver ratio will gradually return to below the 100-year average of 40 to 1.” At the current gold price, that would put silver at nearly $32 an ounce, O’Byrne says.

So far this year, however, prices of gold futures have risen nearly 12{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}, while silver has gained roughly 6{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}. Last year, silver’s climb of about 16{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} outpaced gold’s rise of almost 9{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}.

“Silver isn’t keeping pace with gold because the market perception is that gold is a safer play, while the market perceives silver’s role as exposed to economic weakness. But as inflation heats up, more of the public will realize silver’s second role as a store of value and inflation hedge,” says Mladjenovic.

Gold is viewed as more of a “pure monetary play, so as more difficulties emerge with paper assets,” such as currencies and debt, “gold will hold up well,” he adds. At the same time, silver, which is a smaller market, has “greater ties to industry,” notably in tech products like smartphones and solar power, and “will do well as markets see greater demand in those sectors.”

The main reason gold has outperformed silver this year, however, is the U.S. dollar, says Brien Lundin, editor of Gold Newsletter, noting, “Gold and the greenback have been trading in a very close inverse correlation for about the last two years, and the relationship has only grown closer this year.”

Read More @ Goldseek.com

THE US MILITARY’S NEW “CONNECT EVERYTHING TO …

0

by Joseph P. Farrell, Giza Death Star:

One activity that is uniquely human is warfare. To be sure, the animal kingdom has its share of fights, but these lack what humanity brings to the table: organization, strategy and tactics, logistics, and always the search for the “technological edge”.  But Mr. H.B. and Ms. K.M found this article, and its sheer audacity make me question whether the US military leadership has taken leave of its senses.  We’ll get back to that in a moment in today’s high octane speculation. First, the article:

The Future the US Military is Constructing: a Giant, Armed Nervous System

The essence of the military’s plan is to “connect everything to everything”:

Leaders of the Air Force, Navy, Army and Marines are converging on a vision of the future military: connecting every asset on the global battlefield.

That means everything from F-35 jets overhead to the destroyers on the sea to the armor of the tanks crawling over the land to the multiplying devices in every troops’ pockets. Every weapon, vehicle, and device connected, sharing data, constantly aware of the presence and state of every other node in a truly global network. The effect: an unimaginably large cephapoloidal nervous system armed with the world’s most sophisticated weaponry.

US Air Force Chief of staff General David Goldfein is referenced in the article, by a recent speech he gave in which he uses Elon Musk’s Tesla cars as an example of such large scale interconnectivity. But this view is orders of magnitude beyond what has been seen thus far:

The idea borrows from the  “network centric warfare” concept that seized the military imagination more than a decade ago. But what leaders are today describing is larger by orders of magnitude. It’s less a strategy for integrating multiple networks into operations more efficiently than a plan to stitch everything, networks within networks, into a single web. The purpose: better coordinated, faster, and more lethal operations in air, land, sea, space, and cyberspace.

The Navy too is on board with this:

Navy leaders, too, are eager to connect every object on the sea, land, air, space and cyberspace. This is no exaggeration. As Adm. John Richardson, Chief of Naval Operations, put it during the Navy’s Future Force Expo in Washington, D.C., in July, “I want to network everything to everything.”

This is necessary to preserve the U.S. Navy’s advantage, even if Richardson gets the larger 355-ship fleet he seeks — hardly a given in today’s industrial and budgetary landscape. Adversaries are building more and better ships and weapons, and even the U.S. superiority in orbital and terrestrial sensing is diminishing. The cost of launching a constellation of spy sats is dropping asthe satellites become smaller and launches become cheaper.

This is curious, since the Navy has recently re-emphasized the need for crews to be less reliant on GPD systems and able to navigate the “old fashioned way”, by celestial navigation, compasses, charts, sextants, and so on. We’ll get back to this point in a moment.

What is intriguing about all this is apparently someone else is doing a bit of high octane speculations about all these developments as well, posing a kind of “Terminator” scenario, where the military – and humanity as a whole – becomes the victim of its own technological fascination:

Certainly, “network everything to everything” sounds a bit like the setup for the Terminator franchise, wherein a fictional defense contractor, Cyberdyne Systems, convinces the Defense Department to link the U.S. arsenal to a single artificially intelligent entity. Skynet, of course, determines that humans are a threat to its existence and uses its ubiquitous command and control powers to launch a war on humankind.

Military leaders hate comparisons between their own tech projects and anything from the Terminator franchise. The reference usually comes up in discussions about individual drones with missiles or “killer robots.” Defense Department watchers are always keen to remind people that official policy is to keep humans at the top of the command-and-control loop, overseeing —or at least retaining veto power — over the decision to take life.

But there’s another danger here, and it’s much more down-to-earth, and I suspect the reader has already seen it: cyber systems are not secure, only look at the history of recent hacking episodes. Everyone has been hacked in recent years it seems, from Sony to the Securities and Exchange Commission to Equifax and Social Security and on and on the list goes. Viruses and malware prowl the internet constantly. I would even go so far as to say that even quantum communications systems will eventually fall tothe human passion to find ways around or through invincible systems. And then there’s the Fitzgerald and McCain incidents, and the two incidents with the USS Donald Cook: while thehigh octane speculative consensus on these incidents appears to be that some kind of jamming occurred, hacking cannot be entirely ruled out.

So now imagine a military universe where everything is connected to everything else: it takes little imagination to see that this could serve to make everything vulnerable.

But the “Terminator” scenario cannot be ruled out either. Consider again the last statement in the above quotation: the military would ensure that humans remain in control “at the top.” I cannot help but think of old field marshal Von Moltke at the very beginning of World War One: then, too, new technological wonders gave commanding generals unique access to the picture of the whole battlefield: the problem was, the reports coming in by telephone, telegraph, and radio were too slow: events moved faster then the ability to report them and for Von Moltke to keep up with them. It might be argued that connecting everything to everything will allow commanders to see the “whole picture” in real time… maybe so, but will they be able to react “fast enough”? Probably not, for the ineluctable logic of reliance on this type of technologies ultimately means that humans are replaced by high frequency reacting algorithms. We’ve already seen it take place in the securities and commodities markets, withthe result that the markets look less and less reflective of real human realities. A similar logic might compel the good intentions of leaving humans in control to abandon those good intentions, in the name of military superiority and national security, of course.

And if the whole system is somehow “taken down” by hacking or other electronic warfare?

Read More @ GizaDeathStar.com

Why Did Sears Holdings’ Largest Outside Shareholder Suddenly Jump Overboard?

0

by Wolf Richter, WolfStreet:

4th director to quit in 10 months. Bankruptcy prospects heat up. 

The board of directors of Sears Holdings keeps shrinking – and that makes sense: Who’d want to be a director as the retailer careens along its path to bankruptcy, it only being a question of when it’ll get there, and whether or not the company will make it through the holiday selling season.

Today the company announced that Bruce Berkowitz “has decided to step down” from the board of directors, effective October 31, 2017. He’d joined the board in February 2016. So that wasn’t long. No reason was given for the abrupt departure, which caused bankruptcy fears to flare up, and shares (SHLD) plunged 11.5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} to $5.99.

Berkowitz is the fourth director to jump overboard over the past 10 months and none has been replaced. The other three:

  • Steven Mnuchin quit the board in December ahead of his appointment as Secretary of the Treasury. He’d been on the board for 12 years. The vacant slot has not been filled.
  • Alesia Haas quit the board in December 2016 after having joined in February 2016 – just long enough to get a look-see before bailing out. She’d been the CFO of OneWest Bank until it was acquired by CIT group.
  • Cesar Alvarez quit the board in March 2017. He’d joined in December 2013. At the time, he was co-chairman of the law firm Greenberg Traurig. His slot has not been filled.

This leaves only six directors, including CEO and hedge-fund manager Eddie Lampert, down from 10 in February 2016.

But Berkowitz is very special. He is the Chief Investment Officer of Fairholme Capital Management, the largest outside holder of Sears Holdings’ shares (insiders Lampert and his hedge fund ESL remain the largest owners). In its Form 13F filing with the SEC on August 14, Fairholme disclosed that it owned 28.86 million shares of Sears Holdings, or 27{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the total shares outstanding!

Fairholme Capital is a beaten-down investment fund. It had peaked in 2011 with $20 billion in assets. According to its Form 13F, filed in August, the fund’s equity positions were down to 9 holdings worth $982 million.

Among the nine positions were the following goodies:

Sears Holdings, 28.86 million shares, valued at the time at $255.7 million – or $172.9 million at today’s closing price.

Sears Holdings warrants, 6.7 million warrants to expire Dec. 15, 2020

Land’s End, 2.855 million shares. The company was spun off from Sears in 2014. At the time, those shares traded at $30.50. They’re now at $12.50.

Sears Canada, 21.56 million shares. The company is now in liquidation and its shares are worthless.

Sears Hometown & Outlet Stores, 77,850 shares, which plunged 9.5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} today to $1.90. They’re down 95{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} since the summer of 2014.

Seritage Growth Properties 159,710 shares. The company owns 235 former Sears and Kmart properties. Its shares fell 3.4{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} today, on concerns that Sears was unraveling faster than expected, and that the math might not work out quite as well as expected.

What math?

Lampert is chairman of Seritage, which was spun off via a rights offering from Sears Holdings. The $2.6 billion deal transferred 235 Sears and Kmart properties from Sears Holdings to Seritage. The transaction closed in July 2015. Most of the stores were leased back to Sears Holdings. Since then, Sears Holdings closed a number of these, and Seritage leased the properties to new tenants at much higher rates.

The deal didn’t pass the smell test, with Lampert gallivanting around on both sides of it. Sears and Lampert were sued by individual investors who’d alleged that he controlled Seritage and had benefited from the deal by spinning off Sears’ most valuable locations for a pittance, to the detriment of Sears’ shareholders. In February 2017, Sears Holding and Lampert agreed to settlethe suit for $40 million.

The fact that the Seritage deal closed in July 2015 puts it beyond the fraudulent conveyance provision in the bankruptcy code, which allows for a two-year claw-back period. So now Sears Holdings is free to file for bankruptcy anytime.

Read More @ WolfStreet.com

UNSUCCESSFUL RAID ATTEMPT BY THE BANKERS: GOLD DOWN ONLY $3.75 AND SILVER DOWN ONL 2 CENTS

by Harvey Organ, Harvey Organ Blog:

MARK CARNEY REVEALS THAT IT WILL BE THE EU THAT WILL SUFFER ON A HARD BREXIT

GOLD: $1281.20 DOWN $3.75

Silver: $17.00 DOWN 2 cents

Closing access prices:

Gold $1280.50

silver: $17.00

SHANGHAI GOLD FIX:  FIRST FIX  10 15 PM EST  (2:15 SHANGHAI LOCAL TIME)

SECOND FIX:  2:15 AM EST  (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: $1296.60 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME:  $1288.20

PREMIUM FIRST FIX:  $8.42 (premiums getting larger)

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

SECOND SHANGHAI GOLD FIX: $1296;60

NY GOLD PRICE AT THE EXACT SAME TIME: $1288.20

Premium of Shanghai 2nd fix/NY:$8.42(PREMIUMS GETTING LARGER)  

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

LONDON FIRST GOLD FIX:  5:30 am est  $1280.65

NY PRICING AT THE EXACT SAME TIME: $1281.00

LONDON SECOND GOLD FIX  10 AM: $1280.20

NY PRICING AT THE EXACT SAME TIME. 1280.80

For comex gold:

OCTOBER/

NOTICES FILINGS TODAY FOR OCT CONTRACT MONTH: 82 NOTICE(S) FOR  8,200OZ.

TOTAL NOTICES SO FAR: 2436 FOR 243,600 OZ  (7.576TONNES)

For silver:

OCTOBER

 

 48 NOTICES FILED TODAY FOR

 

240,000  OZ/

Total number of notices filed so far this month: 776 for 3,880,000 oz

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Bitcoin:  $5558 bid /$5546 offer DOWN $29.40(MORNING)

BITCOIN CLOSING;$5409.00 BID/$5428.00 DOWN $148.00

end

Let us have a look at the data for today

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

In silver, the total open interest SURPRISINGLY FELL BY ONLY 334 contracts from  192,262  UP TO 191,928 WITH RESPECT TO YESTERDAY’S TRADING (DOWN 33 CENTS).  THE CROOKS ARE STILL HAVING AN AWFUL TIME TRYING TO COVER THEIR MASSIVE SILVER SHORTS.  IT IS OBVIOUS THAT WE MUST HAVE HAD MINIMAL BANKER SHORT COVERING AND THUS THE REASON FOR ANOTHER RAID TODAY.

RESULT: A TINY SIZED FALL IN OI COMEXWITH THE  33 CENT PRICE FALL.  OUR BANKERS COULD NOT COVER ANY OF THEIR HUGE SHORTFALL AND THUS ANOTHER CONTINUAL RAID WAS CALLED UPON . 

 In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e.  0.961 BILLION TO BE EXACT or 138{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT OCT MONTH/ THEY FILED: 48 NOTICE(S) FOR 240,000OZ OF SILVER.

In gold, the open interest FELL BY A FAIR 4334 CONTRACTS DESPITE THE HUGE  FALL IN PRICE OF GOLD ($17.40) .  The new OI for the gold complex rests at 528,800 .OUR BANKER FRIENDS  COVERED ONLY A SMALL AMOUNT OF THEIR GOLD SHORTS SO THEYCOMMENCED ANOTHER  RAID THIS MORNING..

 

Result: A FAIR SIZED DECREASE IN OI WITH THE FALL IN PRICE IN GOLD ($17.40). WE HAD SOME BANKER GOLD SHORT COVERING BY THE BANKERS WHICH WAS NOT ENOUGH FOR OUR CROOKS  SO ANOTHER RAID WAS INITIATED TODAY . 

we had: 82 notice(s) filed upon for 8200 oz of gold.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

With respect to our two criminal funds, the GLD and the SLV:

GLD:   

Tonight , NO CHANGESin gold inventory at the GLD/

Inventory rests tonight: 853.13 tonnes.

SLV

Today:  A HUGE change in inventory: A MONSTROUS WITHDRAWAL OF 3.49 MILLIONOZ

INVENTORY RESTS AT 322.271 MILLION OZ

 

end

.

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver FELL BY A TINY 334 contracts from 192,262  DOWN TO 191,928(AND now A LITTLE CLOSER TO THE NEW COMEX RECORD SET ON FRIDAY/APRIL 21/2017 AT 234,787) .  OUR BANKERS WERE AGAIN UNSUCCESSFUL IN COVERING THEIR SILVER SHORTS. THE DATA ALSO SUGGESTS THAT THE BANKERS COULD ONLY COVER A SMALL THEIR GOLD SHORTS  . HOWEVER IT IS CLEAR THATSILVERIS BECOMING IMPOSSIBLE FOR THE CROOKS TO COVER.

RESULT:  A TINY SIZED DECREASE IN SILVER OI  AT THE COMEX WITH THE HUGE  FALL IN PRICE OF 33CENTS WITH RESPECT TO YESTERDAY’S TRADING. OUR BANKER FRIENDS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO COVER ANY OF OUR SILVER SHORTS

(report Harvey)

.

2.a) The Shanghai and London gold fix report

(Harvey)

 

2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY:  Bloomberg

3. ASIAN AFFAIRS

)Late WEDNESDAY night/THURSDAY morning: Shanghai closed UP 9.73 points or .29{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} /Hang Sang CLOSED UP 14.27 pts or .05{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} / The Nikkei closed UP 26.93 POINTS OR .13/Australia’s all ordinaires CLOSED DOWN 0.05{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}/Chinese yuan (ONSHORE) closed DOWNat 6.6240/Oil UP to 52.09 dollars per barrel for WTI and 58.83 for Brent. Stocks in Europe OPENED IN THE GREEN EXCEPT SPAIN .  ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.6240. OFFSHORE YUAN CLOSED STRONGER TO THE ONSHORE YUAN AT 6.6231AND //ONSHORE YUANWEAKER AGAINST THE DOLLAR/OFF SHORE WEAKER TO THE DOLLLAR/. THE DOLLAR (INDEX) IS STRONGER AGAINST ALL MAJOR CURRENCIES. CHINA IS NOT PARTICULARLYHAPPY TODAY.

Read More @ HarveyOrganBlog.com