Tuesday, May 18, 2021

Dick Morris: Obama Working Directly With Media to Sabotage Trump

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Political strategist Dick Morris says Barack Obama is directly feeding the mainstream media daily narratives in a bid to sabotage Trump from his war room two miles from the White House.

“Obama has set up a secret operation in a war room just about two miles from the White House where Michelle has her offices and so do many of the former aides to Obama,” said Morris.

“They meet there and they have a twice daily conference call….8:30 and 9:45 every morning and they develop talking points for the media for the day to how to sabotage and how to undermine Trump,” he added.

Former Health and Human Services head Kathleen Sebelius and Andrew Slavitt, former head of the Centers for Medicare and Medicaid Services are both working with Obama and were instrumental in sinking Trump’s recent attempt to repeal Obamacare, according to Morris.

“It’s a war room, it’s just like in the middle of a campaign – it’s like the campaign never stopped and all of the key players are on that conference call,” said the political strategist.

Morris’ information confirms reports that originally emerged back in March when it was revealed that Obama was leading the charge to “oust” Donald Trump from the presidency by either forcing his resignation or through his impeachment.

4-Year-Old Boy Among 36 Shot in Chicago Weekend Violence

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A 4-year-old boy was among at least 36 people shot in Chicago this weekend as violence across the city left four dead and nearly three dozen others wounded. 

The child was wounded in a shooting that also left a woman dead and a teen injured on the city’s West Side Friday, marking the weekend’s first homicide and bringing the city to more than 400 homicides so far this year. 

The shooting occurred at about 5:19 p.m. in the 5200 block of West Kamerling Avenue in the city’s Austin neighborhood. The child was shot in the arm and taken to Stroger Hospital in good condition, police said.

A 19-year-old man was shot in the left arm and taken to Mt. Sinai in good condition and a 27-year-old woman was also shot in the head and taken to Stroger Hospital, police said. The woman was later pronounced dead.

Area North detectives were investigating and no one was in custody. Police said the 19-year-old has “gang affiliation.” 

A second fatal shooting happened just after midnight Saturday, when three people were shot in the 2500 block of West Lithuania Plaza. The victims told police they were standing on the sidewalk when they heard shots and felt pain. 

An 18-year-old man was shot in the head and pronounced dead at Advocate Christ Medical Center. A 33-year-old woman suffered a graze wound to the head and was taken in serious condition to the same hospital. A 34-year-old woman  was listed in stable condition with a gunshot wound to the left shoulder, police said. 

At about 4:30 p.m. Sunday, a 20-year-old man was found unresponsive in a backyard in the 9800 block of South Peoria. The man was found with a gunshot wound to the back and was pronounced dead at the scene. 

The most recent fatal shooting happened just after midnight Monday, when a 21-year-old man was shot in the abdomen while walking on a sidewalk in the 7600 block of North Ashland. The man was shot when a gunman opened fire from a passing black Dodge Charger, police said. He wsa taken to Loyola Hospital where he was later pronounced dead. 

Source: 4-Year-Old Boy Among 36 Shot in Chicago Weekend Violence – NBC Chicago http://www.nbcchicago.com/news/local/chicago-weekend-violence-437500173.html#ixzz4oPuoNmIr
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Flash Crashes Are a Permanent Part of U.S. Markets: Should You Worry?

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Over the past year, there have been flash crashes in multiple markets, raising concerns that fat fingers, algorithms and/or rogue hedge fund traders are still running amok. We’ll get to the specifics in a moment, but to put the unusual trading patterns in context, you need some important background information.

Wall Street On Parade began reporting on flash crash activity following the Granddaddy of all flash crashes thus far – the event on May 6, 2010 when the stock market did a bungee jump, briefly plunging 998 points, with hundreds of stocks momentarily losing 60 per cent or more of their value and knocking out stop-loss orders for retail investors. Former SEC Chair Mary Schapiro estimated at the time that individual investors had lost more than $200 million in these improperly triggered stop loss orders on May 6. (Read our skepticism on the official regulatory report here.)

What is a stop-loss order? Small investors frequently put in place standing stop-loss orders that rest on the stock exchange order books to sell a stock at a pre-determined exit price that is lower than the current market in order to “stop” further losses. Once the target price of the stop-loss order is reached, the order automatically becomes a market order and is executed at where the market happens to be. In properly functioning, orderly markets, this would typically mean the stop-loss order would be executed at, or close to, the designated target price. In flash crash markets, on the other hand, it can result in massive losses to the little guy. (Read more granular details on these types of orders here.)

A stock market where stocks can lose 60 percent of their value in minutes, lock in losses for the little guy, then stage a miraculous recovery, is not really the kind of place where most people want to put their serious money. Indeed, the May 6, 2010 flash crash, following the revelations of abject corruption on Wall Street that emerged from the 2008 crash, permanently destroyed the confidence in U.S. markets for millions of Americans.

Given the outcry over the May 6, 2010 flash crash, one would have thought that Federal regulators would have gotten a solid grip on the situation to prevent another major flash crash. But just a little more than two years later, Bloomberg News was reporting the following about insane market disruption from Knight Capital:

EU Proposes Freezing Bank Accounts to Bailout Megabanks

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After nervous customers panicked and drained their accounts, ultimately causing the collapse of Spanish bank, Banco Popular, equally jittery European Union officials are debating the merits of freezing access — preventing anyone from withdrawing any money — at the first sign of a bank run.

Proponents claim measures to halt a rush of withdrawals would prevent the downfall of floundering financial institutions at their most vulnerable point — in hopes of staving off a catastrophe at least as harrowing as that of 2008 — while detractors admonish the move might have precisely the opposite effect, with investors rushing to yank funds at the slightest indication of trouble.

“The desire is to prevent a bank run, so that when a bank is in a critical situation it is not pushed over the edge,” ‘a person familiar with German government’s thinking’ told Reuters.

“Giving supervisors the power to temporarily block bank accounts at ailing lenders is ‘a feasible option,’ a paper prepared by the Estonian presidency of the EU said, acknowledging that member states were divided on the issue,” Reuters reports.

“EU countries which already allow a moratorium on bank payouts in insolvency procedures at national level, like Germany, support the measure, officials said.”

A cursory autopsy of last month’s Banco Popular failure had economic officials scrambling to figure out how best to prevent a similar financial debacle; but the idea of cutting customers’ access to their own funds when conditions warrant, blasts apart a Pandora’s Box of potentialities — all, favoring the State and banking industry over individual customers.

While officials contend cutting off account access would theoretically prevent a bank already in distress from going under, when scores of people withdraw money at once, the proposal toes a fraught but sacrosanct line blocking government overreach from private, individual finance.

According to the Estonian paper perused by Reuters, an additional measure proposed the development of a mechanism whereby customers in such a situation could withdraw “at least a limited amount of funds.”

200 Scientists Want Tougher Limits on Chemicals in Personal Care Products

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In June of 2017, a group of 200 scientists and medical professionals called on the international community to ratchet up restrictions on the production and use of triclosan and triclocarban – 2 antimicrobial chemicals found in shampoos and cosmetics. They cite “extensive peer-reviewed research” which suggests the ingredients are potentially harmful. [1]

In late 2016, the FDA banned 19 chemicals in hand and body soap over concerns about their effect on human health and the environment. Despite the ban, dangerous chemicals are still commonly used in other personal care products.

A senior scientist with the Environmental Working Group (EWG), David Andrews said:

“Other ongoing uses are not addressed by the recent FDA action, and more needs to be done.” [2]

The group of scientists and medical professionals said in a statement published in the journal Environmental Health Perspectives that the chemicals, which have been used for decades, should be reserved for use only in situations where there is an “evidence-based health benefit.” [1]

They added:

Read more: http://naturalsociety.com/group-urges-tougher-limits-chemicals-personal-care-products-1353/#ixzz4oPkYzpZN
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Even The Washington Post Admits “The Quest To Prove Russian Collusion Is Crumbling”

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While everyone is fixated on President Trump’s unbecoming and inexplicable assault on Attorney General Jeff Sessions, the media has been trying to sneak away from the “Russian collusion” story. That’s right. For all the breathless hype, the on-air furrowed brows and the not-so-veiled hopes that this could be Watergate, Jared Kushner’s statement and testimony before Congress have made Democrats and many in the media come to the realization that the collusion they were counting on just isn’t there.

As the date of the Kushner testimony approached, the media thought it was going to advance and refresh the story. But Kushner’s clear, precise and convincing account of what really occurred during the campaign and after the election has left many of President Trump’s loudest enemies trying to quietly back out of the room unnoticed.

Bitcoin, ICO Risk Versus Immutable Gold and Silver

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– Latest developments show risks in crypto currencies
– Confusion as bitcoin may split tomorrow
– SEC stepped into express concern over ICOs
– ICOs have so far raised $1.2 billion in 2017
– ICOs preying on lack of understanding from investors
– Physical gold not vulnerable to technological risk
– Beauty and safety in simplicity of gold and silver

 

Editor: Mark O’Byrne

Forks and ICOs solves bitcoin v gold debate

There is still a huge amount of noise in the bitcoin and cryptocurrency space but there have been a few developments of late which have pushed the space further into maturity.

From what I can tell from dinner party conversations people who are vaguely aware of bitcoin now know that there are two terms they need to throw into the chat in order to sound like they know what they are talking about. These two terms are ICO and Fork.

Price is also a major talking point at present. As ever the price of bitcoin remains volatile and headline-worthy.

This week will mark a point in cryptocurrency history as the most powerful of cryptocurrencies, bitcoin will experience a major technical change and the US regulator SEC has just made a significant announcement about fundraising in the space.

We have written previously about how bored we are with the bitcoin vs gold debate, but for those who still like to peddle it then they would do well to see how these latest developments put the issue to bed.

The break-up of the year

For a long time there has been a debate about the scaling of the bitcoin network. What is ultimately a required software upgrade has caused many arguments and fall-outs in recent years.

Pressure has been ramping up within the bitcoin community as to how certain problems can be resolved. The discussion may seem like something which is just technical but has at times become philosophical and political.

Stocks and Precious Metals Charts – Blue Skies

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“Seek the Lord, all you humble of the land,
who have observed his law;
Seek justice, seek humility;
And perhaps you will be sheltered
on the day of the Lord’s justice.

This was the triumphal city, high and mighty,
Saying to herself, ‘I am the one, and none dare stand beside me.’
How desolate now has she become, a place fit only for wild beasts.
Those who pass by her scoff, and shake their heads at her ruin.”

Zephaniah 2:3-15

“I’m not crazy about reality, but it’s still the only place to get a decent meal.”

Groucho Marx

I have a feeling that we are going to be seeing some real fireworks in the precious metals before the end of the year.

But feelings really do not count in markets.  But it is there, tempting my trading discipline. I know that you have never experienced that. lol.

Stocks bobbled a bit today. I also think we will be seeing a slide in stocks. But let’s see how the earnings come out, and what the Fed does about their bloated balance sheet.

While I am not so sure yet about where gold and silver and stocks are going, here are three things that I am pretty sure about.

1.  There is no sustainable recovery. Basic items like housing and healthcare are fast outstripping the growth in real wages.  This is sustainable?  There is, and for too long has been, a well-funded class war underway, and the middle class is losing.

2.  Trump is a terrible president, and way over his head in the job.  I do not refer so much to the social graces, of which he has none or at least sees no need to use them, but in terms of organizing and managing and leading a very large enterprise.   From pitting underlings against each other to shooting from the hip and trying to get lucky he has some of the very management and strategy weaknesses that brought a certain German leader in the last century to his eventual downfall. Hopefully the span of his control over fanatical followers will not achieve the same critical mass.