Monday, December 10, 2018

Pentagon Openly Threatens to Shoot Down Russian Jets Over Eastern Syria

by Marko Marjanović, Russia Insider:

Or as the Pentagon calls it “our airspace.” Meanwhile, Russian MoD says US F-22s have already simulated attacks on Russian Su-24 bombers.

Two weeks ago, I wondered if heightened Pentagon rhetoric about “unsafe Russian flying practices” in Syria was to prepare the media for a possible shoot-down of a Russian plane by the US. Now the US has moved on to openly threatening to do so.

Recall that on November 24th CNN ran an article whereby, according to unnamed officials, poor US pilots were being  “subjected to unsafe Russian flying practices” This followed a report a week earlier where an unidentified Pentagon officer spoke about “threatening” and “potentially threatening” Russian aircraft and their “increasingly alarming behavior” (which later in the article simply turned out to be Russians flying within weapons range of US assets on the ground).

Now the Pentagon has graduated to openly raising the prospect of shooting down a Russian warplane directly through its spokespeople. Colonel Damien Pickart, the spokesman for US Air Forces Central Command, said yesterday the US military has “the greatest concern” it could “shoot down a Russian warplane because its actions are seen as a threat” — in other words, if they cross into “coalition airspace” in eastern Syria. Yes, bizarrely the Pentagon refers to Syria to the east of the Euphrates as “our airspace”:

“We saw anywhere from six to eight incidents daily in late November, where Russian or Syrian aircraft crossed into our airspace on the east side of the Euphrates River,” Pickart said.


The US claims it can not honestly know if Russian aircraft are crossing the river by “mistake” or because they mean to attack “coalition forces,” and that therefore US fighters could already legitimately have shot them down in “self-defense”:

The Air Force pilots showed restraint, but given that the actions of the Su-24s could have reasonably been interpreted as threatening to the American aircraft, the F-22 pilots would have been with their rights to fire in self-defense, officials at the Qatar air base said.

This is pure nonsense. This is not about any fear of Russian attack, but about turf.

Firstly an Su-24 is ground attack jet, and would not be used to attack other warplanes. More importantly, the Russians revealed last week that they had already carried out over 600 combat sorties to target ISIS to the east of the river in support of the usually US-backed YPG Kurdish militias. The YPG has, in turn, hailed the Russian air cover. The Americans know full well that Russians are not crossing the river to attack them or their proxies. On the contrary, they’re there to back the same faction the US is backing, but Pentagon wants a monopoly on that, and on the territory that comes with it.

Additionally, while the Pentagon complains about a number of incidents in which the US and Russian aircraft supposedly nearly collided due to Russians flying on the “wrong” side of the river, the Russian Ministry of Defense has said that US fighters have already simulated an attack on Russian ground attack jets:

“On November 23, in the air above the western bank of the Euphrates River, a U.S. F-22 fighter hindered actively Russia’s two Sukhoi-24 attackers in fulfilling their combat tasks to destroy a command station of the Islamic State near Mayadin,” spokesman of the Russian Defense Ministry Igor Konashenkov said.

“The F-22 fired heat flares and released braking flaps, constantly maneuvering, to simulate a dogfight.”

The F-22 Raptor “halted dangerous maneuvers and hurried away into Iraq’s air space” after the Russian Su-35S highly maneuverable aircraft appeared nearby, Konashenkov said.

So who is actually doing the threatening here? The Russians who are crossing the river to help the US-backed YPG, or the US which simulates attacks on Russian aircraft?

But don’t worry, if the US does shoot down a Russian plane it will be the Russians fault for either flying above US-allied Kurdish forces that they’re helping:

Other Russian planes have flown within striking distance or directly over allied ground forces for up to 30 minutes, escalating tensions and the risk of a shootdown, American officials said.

…or else for “baiting” the Americans into shooting them down:

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Female Entrepreneur Says Google’s ‘Women in Tech’ Program Ostracized Her for Being Conservative


by Allum Bokhari, Breitbart:

A female tech entrepreneur alleges she faced character assassination and career sabotage by two “women in tech” groups over her conservative beliefs, including Google’s Women Techmakers.

Senior software engineer and co-founder of Polyglot Programming Marlene Jaeckel says that Martin Omander, Google Developer Group program manager for North America, formally banned her from the Google Developer Group and Google Women Techmakers after complaints from a feminist activist who objected to her moderate conservative positions.

According to Jaeckel , Omander “declined to provide me with any details of the complaints against me or the rules that I’d allegedly violated.”

In a Medium post published earlier this week, Jaeckel explained that the two Atlanta-based feminists who reported her to Google, local Women Who Code director Alicia Carr and Atlanta Google Women Techmakers organizer Maggie Kane, had become hostile to her after a series of disagreements over politics, and repeatedly sought to damage her career.

The publicly-stated objectives of both Women Who Code and Google Women Techmakers are, ostensibly, non-partisan. Women Who Code says their goal is to “inspire women to excel in technology careers,” while Google Women Techmakers says they merely wish for “visibility, community, and resources for women in technology.”

None of these organizations openly say that Republican or conservative women are excluded from their goals. Yet Jaeckel , a senior software engineer and co-founder of a tech company, says that is the reason why Carr and Kane sought to both exclude her from the groups and sabotage her career in tech.

According to Jaeckel ‘s account, which can be read in full at Medium, she had a falling-out with Carr over a number of issues, including her opposition to gender-segregated classes. Jaeckel says she was also banned from two other coding workshops in Atlanta because the founders “strongly objected” to her conservative political views.

Unfortunately, during the Women Who Code hackathon, it became clear to me that this event focused on marketing strategies, creativity, and the discussion of gender politics, and not on the development of technical skills. At the group presentations and award ceremony, I observed that my group of mentees were being discouraged from discussing any of the technical details of the fully-functional application they had developed in less than two days, and I expressed my frustration about it on Twitter, stating that “when you’re a mentor and your mentees don’t get the recognition they deserve, you go to bat.”

In August 2016, Alicia reached out me via email and private Slack messages. She proposed forming a class for female coders who were interested in learning iOS development and asked me to tutor these students. I told her that I’d be glad to teach if the class also included males. She refused, stating that “I need everybody and anybody to help my Women and I’m sorry there is a gender issues [sic] but right now it [sic] about my ladies.” We were unable to reach an agreement, so I declined.

In September 2016, I again crossed paths with Alicia at a monthly meeting of the Atlanta iOS Developers group. She was extremely irate over my Twitter comment and my refusal to teach women-only classes. She became loud and disruptive during the meeting and the event’s organizer had to intervene repeatedly.

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from Infowars:

#MeToo movement gives establishment another opportunity to attack Trump

Left-wing activist group Brave New Films, which hosted a press conference Monday for women accusing Donald Trump of sexual harassment, is funded by billionaire globalist George Soros, according to the group’s website.

The purpose of the conference was for the women to call for a congressional investigation into alleged sexual misconduct by POTUS.

CBS News tweeted out a statement announcing the event.

Women who have publicly accused President Trump of sexual harassment and assault will unite for the first time to speak out about their experiences on Monday, December 11, at 10:30 AM. At the press conference, hosted by Brave New Films, the women will call for accountability and an investigation by Congress of sexual misconduct by the president.

The women will share their firsthand accounts of President Trump groping, fondling, forcibly kissing, humiliating and harassing women. They are among the at least sixteen women who have come forward to accuse the president of sexual misconduct. Their disturbing allegations came to light before the post-Weinstein era of accountability for sexual misconduct and the rise of the #MeToo movement.

In November, Brave New Films released “16 women and Donald Trump,” which tells the stories of the sixteen women who have publicly reported sexual harassment and assault by President Trump. These brave women have all spoken out individually. The video, which has been viewed over six million times, compiled their stories in one place for the first time. Now they are gathering in person to speak out and call for accountability.

Brave New Films is a 501(c)(3), non-profit organization that is supposed to be non-partisan, but they are funded by multiple far-left groups like Soros’ Open Society Foundations and Media Matters For America.

In October, Infowars covered Soros’ $18 billion transfer to his Open Society Foundations, which was seen as a major move in the globalist’s war against Trump.

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Surveillance Video of NY Terrorist Released Immediately, Still Not 1 Image from Vegas Months Later


by Matt Agorist, The Free Thought Project:

Immediately following the terrorist attack in New York Monday, surveillance video of the attack was released. Not a single image from Vegas has yet to be released.

New York, NY — On Monday morning, a 27-year-old alleged terrorist by the name of Akayed Ullah walked into the underground tunnel between Times Square and the Port Authority Bus Terminal and detonated a crudely-made pipe bomb. Luckily no one but Ullah was seriously injured.

After the blast, which happened at 7:20 am during rush hour, the suspect was almost immediately identified and a profile of him released.

Ullah is from Bangladesh and had been living in Brooklyn. He arrived in the United States in February of 2011 and had a visa. He came in with his parents and 3-4 siblings and subsequently obtained a Green Card and became a permanent U.S. resident, according to CBS news.

“They’ve been bombing in my country and I wanted to do damage here,” law enforcement sources reportedly told the NY Post.

He told cops he was inspired by ISIS, but police don’t believe he had any direct contact with the group, sources said.

Currently, police are claiming Ullah is a lone wolf attacker and they are saying there is no reason to believe any other attacks are forthcoming.

“NYPD will be adjusting and adapting the way they always do. Right now, they don’t believe there’s any follow-up attack immediately planned, but there are still several weeks to go before Christmas, two weeks from today,” said Rep. Peter King.

During the press conference, New York’s governor took to the microphone to blame the internet for the attack.

“With the internet now, anyone can go on the internet and download garbage and vileness on how to put together an amateur-level explosive device,” said N.Y. Governor Andrew Cuomo.

Clearly missing the point and hinting at a possible agenda of internet censorship, Cuomo conveniently ignored the fact that people can also securely and easily send those files to one another via cheap satellite antennas, cell phones, dark web, or any other number of ways—without the evil internet.

Within minutes of the attack, surveillance footage from the tunnel was released which shows Ullah detonate the bomb. The footage from a Port Authority surveillance camera monitor shows commuters walking through a narrow hall on the way to the A, C and E trains moments before the blast, according to the NY Post.

“It’s the guy in the hoodie,” one off-camera voice can be heard saying, referring to the suspect as he enters the frame and the bomb goes off.

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Scientists Just Discovered a Weird and Entirely New Form of Matter


by Jake Anderson, The Anti Media:

It’s not every day that scientists discover an entirely new form of matter, especially one that could have far-reaching applications in both quantum mechanics and future technologies. But researchers at the University of Illinois claim to have done just that, confirming the existence of a long-theorized composite boson particle called ‘excitonium.’

The exotic matter in question displays macroscopic quantum phenomena similar to that of a superconductor, or superfluid, or insulating electronic crystal. Researchers led by Professor of Physics Peter Abbamonte and graduate students Anshul Kogar and Mindy Rak say new experimental tools allowed them to discover a “smoking gun” in the form of a soft plasmon phase, the first ever evidence for ‘excitonium,’ which was first theorized almost 50 years ago.

Scientists hunted for this strange new form of matter for decades but were not able to differentiate it from a Peierls phase, which shares a similar symmetry and superlattice. In order to pin ‘excitonium’ down, the researchers developed an entirely new technique called momentum-resolved electron energy-loss spectroscopy (M-EELS). With this technique, the scientists studied non-doped crystals of the transition metal dichalcogenide titanium diselenide (1T-TiSe2).

What they observed was the soft plasmon phase of the metal reaching a critical temperature, and it was at this point that they were able to determine that ‘excitonium’ consists of special particles made up of escaped electrons and the gap left in their absence. This positively charged exciton particle is a composite of the escaped electron and the hole left behind it.

“This result is of cosmic significance,” explained lead researcher Peter Abbamonte. “Ever since the term ‘excitonium’ was coined in the 1960s by Harvard theoretical physicist Bert Halperin, physicists have sought to demonstrate its existence. Theorists have debated whether it would be an insulator, a perfect conductor, or a superfluid—with some convincing arguments on all sides. Since the 1970s, many experimentalists have published evidence of the existence of excitonium, but their findings weren’t definitive proof and could equally have been explained by a conventional structural phase transition.”

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The Hidden Hands Behind US Embassy Move to Jerusalem


by Wayne Madsen, Strategic Culture:

Donald Trump’s decision to recognize Jerusalem as Israel’s capital and move the US embassy from Tel Aviv to Jerusalem, all-but-abandoning America’s commitment to a two-state solution, has its roots with the religious politics of Jared Kushner, Trump’s Middle East adviser and son-in-law. Kushner, a favorite of both Israeli Prime Minister Binyamin Netanyahu and pro-Netanyahu American casino tycoon Sheldon Adelson, has tapped for his Middle East “envoy” team two rabidly pro-Israeli expansion ideologues, US ambassador to Israel David Friedman and “Special Representative for International Negotiations” Jason Greenblatt. Friedman was an attorney with the law firm of Kasowitz, Benson, Torres & Friedman, which represented the Trump Organization. Greenblatt was the chief legal officer for the Trump Organization. Kushner, an Orthodox Jew, along with Friedman and Greenblatt, represent a far-right Zionist cabal that rejects both a Palestinian state and a single Israeli-Palestinian nation that fully enfranchises Palestinians as citizens of a secular Israeli state. Kushner, Friedman, and Greenblatt favor an apartheid state, in which Palestinians are second-class citizens.

In addition to Netanyahu and Adelson, there are other hidden hands behind the US recognition of Jerusalem as the Israeli capital.

In 2009, the Federal Bureau of Investigation (FBI) rolled up a group of Syrian-Jewish rabbis in the New Jersey and New York region who held fundraisers for the Binyamin Netanyahu coalition partner, the ultra-Orthodox Shas party. The link between the US rabbis and the corruption-plagued Netanyahu highlighted the secret financing of the expansion of Jewish construction in east Jerusalem. The United Nations does not recognize East Jerusalem as part of Israel and Palestine considers it as the “de jure” capital of the State of Palestine.

A key financier of the east Jerusalem construction is a wealthy American Jewish bingo parlor and gambling tycoon named Irving Moskowitz. A noted neo-conservative, Moskowitz backs such neocon operations as the Hudson Institute, Jewish Institute for National Security Affairs (JINSA), American Enterprise Institute, and the Center for Security Policy (CSP). Frank Gaffney, a controversial Islamophobe and former national security adviser to the Trump presidential campaign, heads the CSP.

Moskowitz has been purchasing land from Arabs, mostly in east Jerusalem, to turn the city into an exclusively Jewish city. More troubling for long-term Middle East peace prospects is Moskowitz’s funding of the right-wing Ateret Cohanim movement, which seeks to tear down Jerusalem’s Al Aqsa mosque, Islam’s third holiest shrine, also known as the Dome of the Rock, to rebuild the Jewish temple.

Of more immediate concern, however, was Moskowitz’s purchase of east Jerusalem’s Shepherd Hotel, which overlooks Mount Scopus. The hotel, legally considered the property of the Hashemite Kingdom of Jordan, was seized as “war booty” after the 1967 Israeli-Arab war. The hotel was at the center of the expansion controversy between the Obama administration and Netanyahu’s government over plans to turn the hotel into apartments exclusively for Jews.

In a July 27 op-ed in the Jerusalem Post by Jeff Baraq, a former editor-in-chief of the newspaper, it is stated: “The fact is that while American Jews like Irving Moskowitz can buy land in East Jerusalem Arab neighborhoods, a Palestinian resident of, say, Sheikh Jarrah [where the Shepherd Hotel is located] cannot purchase an apartment in many parts of west Jerusalem, because the Israel Lands Administration, which owns the land, will only enter into a contract with Israeli citizens of persons entitled to citizenship under the Law of Return.” Noting the political instability of the Netanyahu government, Baraq titled his op-ed “Netanyahu Gov’t Unstable, Crisis With US Self-Inflicted.”

With Netanyahu coalition partner Shas front-and-center in the Syrian-Jewish rabbi scandal in New Jersey and New York and the Kushner family tied to criminal scandals in both states, the influence of right-wing supporters of Israel in the Trump administration becomes more obvious. The FBI used a confidential witness to identify a number of the New Jersey and New York Syrian Jewish rabbis who were using synagogues and yeshivas as money laundering fronts reportedly for the illegal sale of knock-off designer handbags and even human organs. The witness, Solomon Dwek, is a major real estate developer and gambling boat owner, was arrested in 2006 for trying to pass a bad check and defraud PNC Bank of $25 million. Dwek is also a key figure in the powerful Syrian Jewish clan in New Jersey and New York, which has been dubbed the SY Empire” and the “Dwek clan.” This clan also has ties to the Kushner Companies, a real estate firm with major holdings in New Jersey and New York.

Jared Kushner and the Trump Organization are under investigation by Department of Justice Special Counsel Robert Mueller for money laundering activities involving both the Trump and Kushner families. This probe reportedly involves the laundering of foreign money through purchases of real estate, including condominiums, in Trump and Kushner buildings in Manhattan and New Jersey. This money laundering was at the center of the takedown of the Syrian Jewish syndicate during Mueller’s term as FBI director. The following excerpt of the federal indictment explains the type of money laundering engaged in by the Shas operatives. In the criminal complaint against Rabbi Eliahu “Eli” Ben Haim of the Ohel Yaacob congregation in Deal, New Jersey, a co-conspirator only identified as “I.M.,” who was based in Israel and was a principal source of cash for Ben Haim, is cited.

“Defendant BEN HAIM told the CW [Confidential Witness] about ‘customers from two, three years ago that are calling me,’ and indicated that “[t]hat’s a signal that the market is tight.’ Defendant BEN HAIM also discussed his source for cash, Coconspirator I.M., and stated that he spoke to Co-conspirator I.M. ‘[e]very day – every other day.’ Referring to Co-conspirator I.M., defendant BEN HAIM then asked the CW ‘[d]id you know that he had me in the last 4 years send out wires every time to a different place in the world to a different name? It’s unbelievable. I never saw anything like it.’ When the CW asked whether defendant BEN HAIM was referring to different locations in only Israel, defendant BEN HAIM replied ‘[n]o, all over the world… All over the world. From Australia to New Zealand to Uganda. I mean [u/i] [unintelligible] every country imaginable. Turkey, you can’t believe it… All different names. It’s never the same name… Switzerland, everywhere, France, everywhere, Spain… China, Japan.’ Defendant BEN HAIM also explained that the market for cash was tight ‘only in the beginning of the year and the end of the year.'”

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John Rubino – The COT Worm Has Turned


by Kerry Lutz, Financial Survival Network:

John Rubino notes that the latest COT (Commitment of Traders) Report shows the Commercial Shorts lightening and switching to long. And it shows the Speculators giving up their longs. This could be good news for precious metals in the coming months. While the economic news appears to be positive, there’s a lot of dark clouds and black swans circling. Terrorism, North Korea, etc., etc. Time to be looking at a Plan B.

Click HERE to listen

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Can America Survive The Complete And Utter Destruction These People Are About To Bring Down On This Nation?

by Susan Duclos, All News Pipeline:

While many of us can look around on a daily basis and find examples of societal breakdown, from morals, to ethics, to sexual assault and pedophilia being covered up by Hollywood, media industries, and the higher levels of congress, the complete and utter destruction, if we are not nuked or attacked with an EMP in the next ten years, will come from the Millennial generation, the snowflakes in college now or who have managed to complete college and are now living in their parents basements.

Sound overly dramatic or far-fetched? Read on.


On January 10, 1963 Honorable A.S. Herlong of Florida, read into the congressional record, Current Communist Goals, on behalf of Mrs. Patricia Nordman of De Land, Fla, who was a virulent opponent of Communism. Those goals were excerpted from “The Naked Communist,” by Cleon Skousen. These were read into the congressional record as a warning of the dangers of communism in America.

While there are 45 different goal, a large majority of them have been fulfilled, with others no longer applicable, but looking at the goals themselves, it shows a long-term plan to turn America into a communist society, including infiltrating both political parties, and the educational system, media and Hollywood.


15. Capture one or both of the political parties in the United States.
16. Use technical decisions of the courts to weaken basic American institutions by claiming their activities violate civil rights.
17. Get control of the schools. Use them as transmission belts for socialism and current Communist propaganda. Soften the curriculum. Get control of teachers’ associations. Put the party line in textbooks.
18. Gain control of all student newspapers.
19. Use student riots to foment public protests against programs or organizations which are under Communist attack.
20. Infiltrate the press. Get control of book-review assignments, editorial writing, policymaking positions.
21. Gain control of key positions in radio, TV, and motion pictures.
22. Continue discrediting American culture by degrading all forms of artistic expression. An American Communist cell was told to “eliminate all good sculpture from parks and buildings, substitute shapeless, awkward and meaningless forms.”
23. Control art critics and directors of art museums. “Our plan is to promote ugliness, repulsive, meaningless art.”
24. Eliminate all laws governing obscenity by calling them “censorship” and a violation of free speech and free press.
25. Break down cultural standards of morality by promoting pornography and obscenity in books, magazines, motion pictures, radio, and TV.
26. Present homosexuality, degeneracy and promiscuity as “normal, natural, healthy.”
27. Infiltrate the churches and replace revealed religion with “social” religion. Discredit the Bible and emphasize the need for intellectual maturity which does not need a “religious crutch.”
28. Eliminate prayer or any phase of religious expression in the schools on the ground that it violates the principle of “separation of church and state.”
29. Discredit the American Constitution by calling it inadequate, old-fashioned, out of step with modern needs, a hindrance to cooperation between nations on a worldwide basis.
30. Discredit the American Founding Fathers. Present them as selfish aristocrats who had no concern for the “common man.”

Those are just a small sample, the rest can be read here.

Keeping in mind that this was read into the record in 1963, we can see that not only was this a long term plan to destroy America, looking at the world today, especially  what has been happening in the U.S., it has also been largely successful, as almost all you see above is favored by Democrats in Congress, showing that one party has indeed already been captured, and with the RINO’s (Republicans In Name Only) on the Republican side, the other party has been infiltrated.

Communists infiltrating the court system, the political parties, the educational system, Hollywood, the media, all has led to what we are seeing around us right now.

No one can say we were not warned and blindly allowed it all to happen.


While we are mainly focusing on the deteriorating conditions in America in this article, it does bear noting that 1) It is not just happening in America, and; 2) The ramifications will be felt world wide.

In the UK, Snowflake millennials, or as Steve Quayle recently called them after they claimed that being called snowflakes has a negative effect on their “mental health“, ‘Blizzard Babies’ throwing a snowstorm, which largely mimics what American Millennials claim, are the final phase of the plan to capture America.

Look to America’s colleges right now, Campus Reform and College Fix update each day on what we are seeing on campuses across the nation, where communist that have taken over the education system in America are paying students up to $1,000 to become social justice activists.

Successful applicants must demonstrate that they “significantly contribute to enhancing diversity” by either “increasing visibility of diverse people,” “creating a welcoming environment,” or “representing diverse student voices through advocacyand participation” in on-campus student groups.

Professors are offering extra credit, not for doing additional school work, but to attend a rally against the GOP tax plan. That professor cancelled that “assignment” after it was exposed publicly and concerns were expressed. Another extra credit assignment at different college is to attend a “drag show.”

White hatred, “diversity labor,” terrorist art displays, more white hatredbashing conservatives while inundating the students with liberal communism propaganda, persecution of students that support traditional marriage between a man and a woman, all top the campus news in the just the last week alone.

We note a definite theme here, a pattern, of pushing for the very types of policies and issues, using the exact methods stated decades ago in the Communist Goals, in the very institutions that were being infiltrated way back then, resulting in the complete takeover of the educational system. At the same time, the school officials and professors are so busy turning these students into little socialists and communists, they are not teaching them how to survive in the real world where a person has to work and earn a living to survive.

Recent studies have found that more and more Millennials, a majority of them, now favor socialism and communism over capitalism, all because that is what they are being taught in school.

The results come as no surprise to Nikita Vladimirov of Campus Reform’s Leadership Institute. He says much of American academia is “very Marxist in many ways,” and teach a positive view of “democratic socialism” to students.

Campus Reform reported this past summer about a 2017 socialism conference held in Chicago which was attended by 1,500 people. Many of the attendees were college professors.

“This just shows you the scope and the problem of the movement,” said Vladimirov.

The result of this is not just a generation of Snowflake Millennial Blizzard Babies, but also a generation that despite their college “degrees” are not capable of holding a job, in fact they are more known for “job hopping,” and for being the least engaged in the work place,  not to mention unable to pay their massive debt they borrowed in order to be taught communism and activism, more than basic job skills.

Millennials are now selling their blood for money to survive and trading sex for their next debt payment, looking for “Sugar Daddies,” and “Sugar Mommies.”

Today’s real simple get-out-of-debt option for the broke college/post college millennial is through an unconventional dating website called

In 2016, the website identified some 2.5 million college students who turned to the site in an act of desperation to find a ‘Sugar Daddy’ or even a ‘Sugar Mommy’ in exchange of personal time for straight cash.

The website’s mission is to “delivers a new way for relationships to form and grow. Sugar Babies and Sugar Daddies or Mommas both get what they want, when they want it”.

While the story on Sugar Daddies and Sugar Mommies I quoted was written in 2017, a search on this issue shows that Millennials have been using these types of services, and there are more than I imagined out there, for years in order to avoid working to pay off their debt or current bills, and even to currently pay tuition.

ABC News profiled one these Sugar Daddy/Baby relations as far back as 2013:

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Soaring Deficits Force US Treasury into Foolish Debt Gamble


by Michael Pento, Market Oracle:

The Treasury opened the fiscal year 2018 with an October budget deficit of $63.2 billion. That is 37.9% larger than the $45.8 billion deficit in October of last year. The primary reason behind this surge in year-over-year deficits was a 21.6% increase in net interest expenses. The annual red-ink problem looks even greater when recognizing that the national debt is already over 105% of Gross Domestic Product (GDP), at nearly $21 trillion, and with an additional $10 trillion projected to be added in the next ten years.

According to the Congressional Budget Office (CBO), the budget deficit grew to 3.5% of GDP for fiscal 2017. But due to the growth in spending for Social Security, Medicare, and net interest payments, the deficit explodes to 5% of GDP ($1.4 trillion) by 2027.

Hence, it seems absurd for D.C. to pass a tax cut that would pile $1.5-$1.7 trillion on top of all those accumulating deficits and debt. Tax cuts are great, but they must be at least partially offset by spending cuts. Otherwise, interest rates will spike, which will do more harm to the economy than the tax cuts would provide. This is especially the case when debt is more than a nation’s total annual GDP.

But back to the issue at hand; debt and deficits are soaring right now, and it is primarily due to rising interest rates. However, you haven’t seen anything yet as far as rising debt service payments are concerned, not with $10 trillion worth of negative yielding sovereign debt still floating around the world.

But the key point to understand is that virtually all of the central banks’ Quantitative Easing (QE) ends by October of 2018. The Fed will be selling $50 billion each month by then, and the ECB should be winding down its €30 billion to zero around that same timeframe. This means the total monthly dollar amount of QE is in the process of going from around $120 billion each month to zero. The developed world’s money printers are in the process of reversing their incredible stimulus measures, and this extrication from interest rate suppression will continue until the global economy sinks into recession and/or equity markets plunge.

This will then leave only the Bank of Japan (BOJ) in the massive QE business come the fall of 2018 of around $60 billion worth per month, which will be almost entirely offset by Fed sales. Therefore, unless the BOJ desires to dramatically increase its pace of QE, and print enough yen to keep the entire world’s supply of debt in a bubble–which would crash the yen and cause stock market chaos around the globe regardless; interest rates will be rising at a much greater rate than currently witnessed.

The only mollifying event that could keep rates from spiking would be the manifestation of a worldwide recession. However, that would end up sending global debt soaring as government revenue crashes. In this scenario, rates might rise regardless because without immediate central bank intervention, where is the money going to come from to purchase negative yielding debt and who is going to trust that this debt will be money good?

Just three more rate hikes should cause the yield curve to go belly-up and engender a recession in the United States. And those Fed rate hikes, along with the resulting recession, will undoubtedly be the dagger that pops the humongous equity bubble and the phony economy that has been built upon free leverage.

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The 30-Years Bubble—Why America Ain’t That Rich

by David Stockman, David Stockmans Contra Corner:

The entire financial and economic narrative in today’s Bubble Finance world is virtually context- and history-free; it’s all about the short-term deltas and therefore exceedingly misleading and dangerous.

So when a big trend or condition is negative and unsustainable, you generally can’t even get a glimpse of it from the so-called “high-frequency” weekly, monthly and even quarterly data on which the financial press and its casino patrons thrive. And that’s not merely because most of the data from the government statistical mills is heavily massaged and modeled and often “adjusted” beyond recognition over 3-5 year intervals of statistical revision.

Beyond that, however, even medium term trends get largely ignored. That’s because the purpose of economic and financial data today is to facilitate daily (and hourly) trading in the casino—not inform long-term investors about underlying trends, conditions and prospects.

The investor class of yore, in fact, has largely been destroyed by the last 30-years of monetary central planning and the Wall Street deformations it has fostered—-meaning that, increasingly, headline reading algo-traders and trend-following speculators are the main consumers of the “incoming data”.

For instance, scratch a talking head today and you get the “strong economy” meme as purportedly reflected in two back-to-back quarters of 3% real GDP growth. Yet there is absolutely nothing “strong” about the picture below or compelling about the last two quarters.

After all, during Q2 and Q3 2014 there were back-to-back growth quarters of 4.6% and 5.2%, respectively. But that didn’t last long—-nor did the 3.1% and 4.0% growth rates of Q3 and Q4 of 2013 or the three-quarter average of 3.0% in Q2-Q4 of 2010.

All of those “strong” quarters seem to have disappeared from the groupthink narrative, as well as the punk quarters strewn in-between. In part, that’s because most of them were reported at far lower or higher levels at the time, meaning that the underlying trend has simply disappeared from the high-frequency narrative about good deltas and excuses for ones which are not.

Still, the heart of the problem is the foolishness of annualizing 90 days worth of preliminary data with seasonal adjustment factors that are rarely up to the task.

Moreover, the large aggregates like GDP are inherently buffeted by short-term shocks ( e.g. severe hurricanes not embedded in the seasonals), inventory stocking and destocking mini-cycles and the ebb and flow of global trade, exchange rates and credit impulses. These, in turn, reflect the machinations of what has now become a worldwide convoy of hyper-interventionist Keynesian central banks.

Even modest adjustments to deal with some of these disabilities give a starkly different picture. For example, consider what happens when you remove the inventory contribution to quarterly GDP—-which washes to essentially zero over time—and also set aside the highly volatile impact of net import/export trade, which has actually averaged a -0.28% contribution to GDP growth over the last 11 quarters.

What remains might be termed “core GDP” and includes consumer spending, fixed investment and government output. On that basis, growth was 2.4% in Q4 2016; 2.4% and 2.8% in Q1 and Q2 2017, respectively; and just 2.0% in Q3 2017. That is, the latest quarter showed the weakest annualized expansion rate in the last year and there was no “3” in it or any of the previous three periods.

In fact, a true long-term investor would only need to know whether the trend of year-over year growth in real final sales—which removes the volatile inventory component—is accelerating or decelerating and where the economy stands in the business cycle.

The chart below answers that question and there is no awesome 3% about it: Real final sales growth during the current so-called recovery peaked 10 quarters ago; has always been exceedingly weak given the unusual depth of the Great Recession; and it now exceedingly long in the tooth by all historic standards at 102 months.

Even on a near-term basis, its pretty hard to say that the 2.3% year-over-year expansion of real final sales in Q3 2017 was meaningfully different from the 2.2% year-0ver-year rate of gain recorded in Q1 2016.

Indeed, the contrast between the “strengthening” direction of the last four green bars in the chart above and the “weakened” position of the last four blues bars on the chart below highlights why the Wall Street narrative is so chronically incomplete and misleading. The stock peddlers who moonlight as “strategists” and “economists” at Goldman, Morgan Stanley etc are essentially selling a short-term trading “edge” to fast money clients, not proffering fundamental analysis about the state of the business cycle and its implications for PE multiples and stock prices.

That’s more than evident in the fact that when the growth trend peaked at 3.8% in Q1 2015, the S&P 500 stood at 2070 and was valued at 20.8X LTM reported earnings, compared to 2660 today, which represents 24.9X reported earnings.

That is, there has been a 40% downshift in the real final sales growth rate accompanied by a 400 basis point expansion of the PE multiple—and from what was already the nosebleed section of history. And the current PE inflation is occurring at a point when the business expansion is approaching the longest one in recorded history.

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