from ITM Trading:
by James Howard Kunstler, Kunstler:
The fabulous Coen Brothers of Hollywood couldn’t come up with a wackier Deep State than the one depicted on Cable News this week. Thursday’s House Judiciary Committee hearing had Congressman Jim Jordan (R- Ohio) in the role of “The Dude” from The Big Lebowski doing battle with Deputy Attorney General Rod Rosenstein as “Osborne Cox” in Burn After Reading. Rosenstein was sure burning, or at least smoldering in his seat, as Jordan badgered him about threatening House staffers by subpoenaing their emails and phone calls…!
The gotcha moment: “You can’t subpoena a phone call,” Rosenstein answered, trying to suppress his mirthful smirk… as in, listen to me, you dim, Rotarian, Buckeye clod, with your worthless JD from the most obscure law school in the darkest corner of your meth-and vicodan-addled state… you can’t subpoena a phone call, ha ha ha ha ha ha ha ha ha ha ha…!
by Simon Black, Sovereign Man:
On March 29, 1879, a widely circulated newspaper called the American Register published a scathing editorial stating that “it is doubtful if electricity will ever be [widely] used” because it was too expensive to generate.
Several months later, the Select Committee on Lighting and Electricity in the British House of Commons held hearings on electricity, with experts stating that there was not “the slightest chance” that the world would run on electric power generation.
It’s not that electricity didn’t exist at the time. It did. Serious study and research had been devoted to electricity since the 1600s.
But even by 1879 it was still considered an expensive fantasy.
by F. William Engdahl, New Eastern Outlook:
The only new part of the ongoing Trump Administration economic warfare, a calculated assault on friend and foe alike from Russia to China to Iran to Venezuela and the EU, via so-called tariff war, is a President who uses Tweets as a weapon to throw opponents off balance. Since at least the beginning of the 1970’s Washington has deployed similar tactics of economic blackmail and destabilization to force what has become a global domination not of US manufactured goods, but rather of the dollar as world reserve currency. For almost five decades, since August 15, 1971, Washington and Wall Street have used their dominant position to force inflated paper dollars on the world, cause financial bubbles and subsequently debt buildup to impossible levels, then collapse.
by Dave Hodges, The Common Sense Show:
In a previous radio interview with Steve Quayle, he said two very disturbing things. the first was how very close the Deep State is to totally taking over and second, that his research, from years ago, discovered that FEMA camps would become beheading facilities. I have since been told and have been able to confirm FEMA’s Billing Code for Death by Guillotine is ICD9-E978. This would be FEMA as in FEMA camp. With renewed interest being shown by the public in FEMA camps because of the Brownsville converted Walmart into a FEMA camp, this is a good time to bring this information out on the public.
Was Steve and a multitude of others correct? The publisher of the following video believes that Steve’s statement is true.
by David Haggith, The Great Recession Blog:
First I said I believed the US stock market would plunge in January, but I also said that January would not be the biggest drop, but just the first plunge that begins a global economic collapse: the big trouble for the economy and the stock market, I said, would show up in “early summer.” That’s when the stock market crash that began in January would take its second big leg down, and global economic cracks would become big enough that few could deny them.
(Now I’ll add a prediction — that even worse will unfold in the fall and early winter … unless summer becomes so bad that central banks rapidly reverse course on unwinding their balance sheets and raising interest; but I think they will stay their promised courses into the fall and winter and headlong into a global economic crisis.)
by Pam Martens and Russ Martens, Wall St On Parade:
The U.S. Federal Reserve, the country’s central bank that is supposed to serve the interests of the nation, gave the largest Wall Street banks a big, irresponsible gift yesterday. The big banks will now be able to spend approximately $170 billion buying back their own stock and paying out increased dividends to shareholders instead of doing what banks are supposed to do: make loans to worthy businesses to stimulate the U.S. economy. But don’t expect to find that critical news on the front page of your local newspaper.