from The Still Report:
by Stefan Stanford, All News Pipeline:
With the ‘sh*t getting ready to hit the fan’ according to former Secret Service agent Dan Bongino as shared in this new story from Gateway Pundit as what is being called the biggest political scandal in US history unfolds and threatens to take down parts of the ‘deep state’ and the Democratic Party, it’s not a coincidence that sentences such as “Is This The KGB?” are being thrown around by US Congressman who’ve seen ‘the memo’. Will the contents of it help confirm much of what the independent media has been reporting for the past decade+? The 1st video below is called “Is This USA Or KGB? Memo Shakes Foundations of US & Intel Community”.
While Donald Trump Jr. compared what happened during the run-up to the election to “what happens in Banana Republics”, Republican Rep from North Carolina Mark Meadows recently claimed “I thought this would never happen in a country that loves freedom”. Yet as the alternative media has been reporting on for years, ‘America’s KGB’ has been in our faces for a long, long time now, tracking our every move online and out in public. So, why is Meadows surprised?
As Bongino points out in the series of tweets seen screenshot both above and below and as has been echoed by numerous Republican Congressmen, our minds are about to be blown and our eyes opened as an entire series of abuses by the Democrats comes to light, abuses they believed would forever be hidden with the election of Hillary Clinton.
And while Rep. Matt Gaetz claims the memo being released soon will lead to ‘heads-a-rolling’ within the FBI and DOJ, as this new story from Joe Hoft over at Gateway Pundit asks, “When Will the Good Guys in the FBI and DOJ Stand Up and Petition to Have their Dirty Leaders Removed from Office?” ANP wants to thank them ahead of time!
With proof now out of ‘enemies of America within’ we must ask, are those ‘dirty leaders’ within the ‘deep state’ who are behind ‘the memo’ part of the same ‘crime crew’ that has been pulling off and covering up false flag attacks upon Americans over the past many years? Shockingly, Pennsylvania’s Republican Rep Scott Perry recently told Tucker Carlson on Fox News:
“Recently I’ve been made aware of what I believe to be credible evidence regarding potential terrorist infiltration through the southern border regarding this incident… Twice before the attack ISIS warned the United States they would attack Las Vegas. In June and August. And then after the attack claimed responsibility four times… Something’s not adding up… I’m just telling you I have received what I feel to be and believe to be credible evidence of a possible terrorist nexus.”
While possibly corrupted members of the deep state have long attempted to claim that a lone nut gunman was responsible for the carnage in Las Vegas despite ISIS’s claim their soldiers were responsible because it doesn’t fit their agenda, the very liberal Chicago Tribune reports Congressman Perry’s remarks to Tucker Carlson were ‘channeling an internet conspiracy theory’ .Yet their story neglected mentioning the fact that the term ‘conspiracy theory’ itself was created by the CIA, used to attack anyone pushing alternativeexplanations than their ‘official one’ for the assassination of President John F. Kennedy.
And with massive truths such as ‘the memo’ possibly being prepared to be dropped upon the American people, we’ve long warned that if the corrupted ‘deep state’ believed they’d soon be going down in flames and facing treason charges, they’d likely launch ‘the false flag to end all false flags’ to get them out of the huge mess that they’re in via their own creation. The last thing anyone in power wants to do is to ‘face the music’ for their treasonous crimes and have to relinquish their power platform.
As we see detailed further below in a new story from Brandon Smith over at AltMarket.com, the upcoming Winter Olympic Games in South Korea might provide them with the perfect cover they need to do so.
According to another recent story over at Gateway Pundit which also reports upon recent remarks made by ex-Secret Service agent Dan Bongino, Barack Obama will only have two options left once ‘the memo’ is released. From Bongino’s tweet:
After they #ReleaseTheMemo Obama will only have two options: OPTION 1) I didn’t know anything about the most important CI investigation in American history, despite being notified about it, or OPTION 2) I did know and I approved of using the police state to spy on my opposition.
Another tweet from Bongino released just a short while ago takes that even further:
If the memo contains even a tenth of what I, and many others, have already reported on regarding the #Obamagate spying scandal, then Obama is going to make Nixon look like Mr. Rogers. #ReleaseTheMemo
Read More @ AllNewsPipeline.com
by Chris Martenson, Peak Prosperity:
Is necessary to rationalize today’s bubble markets
“Alice laughed: “There’s no use trying,” she said; “one can’t believe impossible things.”
“I daresay you haven’t had much practice,” said the Queen. “When I was younger, I always did it for half an hour a day. Why, sometimes I’ve believed as many as six impossible things before breakfast.”
~ Lewis Carroll, Through The Looking Glass
To borrow from Lewis Carroll: To have confidence in today’s central bank-created bubble markets, we have to believe in six impossible things.
In our brave new world of money printing to infinity, we’re supposed to buy into a “new paradigm” story. You know, that It’s different this time.
Spoiler alert: It never is.
Companies either make money or they don’t. They’re either good investments or they aren’t. They’ll either return risk-adjusted cash to you over time, or they won’t.
Here’s a simple exercise. Using a publicly available stock screener at Finviz.com, a favorite site of mine, I set two filter parameters to obtain a list of companies that have::
These are the biggest companies that, in theory at least, require investors to wait 50 years (or more) to be paid back in profits for each dollar invested.
236 companies fit this description right now. 236!
Here’s a screenshot of page 11 of the results. Every company listed here has a P/E multiple of over 190(!).
Again, these sky-high ratios mean that investors are willing to wait more than 190 years for these companies to earn back their principal at current stock earnings prices.
In a word, folks, this is nuts. Not even during the height of the 2000 and 2007 bubbles could we find such an enormous number of extreme results spread across every sector as we see today. The small selection in the table above includes companies from the stodgy food, machinery, energy, and insurance sectors, also joined by traditional high-fliers like biotech and internet.
This is exactly the sort of indiscriminate optimism that identifies a late-stage classic bubble market. Nothing can ruin the party vibe. Anything and everything is priced beyond perfection. Each sector has its own story to rationalize the exuberance. “Oh, energy is poised to rebound soon, and Amazon has monopoly pricing power that will never be challenged, and Netflix is investing in premium content, and food, well, uh, food…you know, this particular company is special…maybe a takeover target?”
In the table above, I’ve highlighted a few companies in yellow just as conversation starters.
Let’s start with Yelp. I don’t even grasp how Yelp deserves a P/E of more than 15, let alone 192. Its business model of using crowd-sourced reviews to drive eyeballs/traffic to sell advertising against is facing competition from every possible direction. Google is squeezing them on every front, and new apps come along daily to parse the same review & locator territories.
Schlumberger is not a soon-to-recover story. Even if it were, that doesn’t help to justify the 21 other oil & gas companies returned for this particular filter I ran. Taken together, seeing so many super-high P/E companies from this sector is difficult to explain — outside of the markets throwing all caution to the wind.
Netflix is almost a special case of willful investor denial, similar to Twitter, Uber, and Amazon. In each case “investors” have waited year after year after year for earnings to finally materialize, but none do. Worse, it’s been nothing but a steady parade of red ink.
Does this look like the sort of explosive earnings growth you’d want to see to justify a P/E of 220?
And those are “earnings”, which are easily doctored by accounting gimmickry into telling a picture rosier than true reality. Netflix’s cash flow burns are much better at showing how colossally this company loses money:
Read More @ PeakProsperity.com