Tuesday, March 26, 2019

Huffington Post Editor’s New Year’s Androphobic Resolution: “Kill All Men”

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by Tim Brown, Freedom Outpost:

No, seriously, this is what passes as OK language on social media these days.  Anything from people threatening to assassinate the president, be it a Republican or a Democrat, to the blatant Androphobia in the latest tweet by Huffington Post editor Emily McCombs.

Like most moronic posts, her tweet came back to bite her and she deleted it, but as I’ve pointed out before, the internet never forgets.  Here’s her tweet.

New Year’s resolutions:
1. Cultivate female friendships
2. Band together to kill all men

— Emily McCombs (@msemilymccombs) December 29, 2017

If it wasn’t bad enough, look at the retweets and likes from those that approve of her rabid feminism.

 

The Daily Caller reports:

McCombs, who serves as the “Editorial Director of Parents” for HuffPo, previously wrote an article in November titled, “I Don’t Know If I Can Raise A Good Man.”

In the post, she talks about her own son, saying, “(o)f course, we all want to raise feminist sons. I wrote an article a few months ago detailing the ways I try to do just that. But my efforts are starting to seem like grains of sand against a steady wave-crash of misogyny and rape culture.”

She continues, “In my previous article, I wrote, ‘In my sweat-soaked, sit-straight-up-in-bed feminist nightmares, I can imagine a future in which my own spawn makes some woman feel as voiceless as the boys in my high school once did, a world in which he blithely argues against the existence of male privilege and shit-talks the latest all-female remake on Twitter.’ Lately, I can imagine it even more clearly.”

McCombs’ has also tweeted similarly inflammatory anti-male sentiments in the past:

Filed my nails into sharp little points last night so that I may spear and devour the hearts of men.

— Emily McCombs (@msemilymccombs) November 29, 2017

Can we have a day without men tomorrow?

— Emily McCombs (@msemilymccombs) March 9, 2017

Read More @ FreedomOutpost.com

Tony Podesta Has Disappeared

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by Dave Hodges, The Common Sense Show:

Controversial democratic power lobbyist Tony Podesta, founder of the Podesta Group, stepped down from the firm that bore his name after coming under investigation by special prosecutor Robert Mueller. Podesta stepped down in late October.  Posesta’s cowardly decision to leave his firm came on the same day that former Donald Trump campaign aides Paul Manafort and Rick Gates were indicted on multiple charges.  including money laundering, operating as federal agents of the Ukrainian government, failing to disclose overseas bank accounts and making false statements to federal authorities.

Now Podesta is missing in action. Where is he. Speculation runs rapid on the whereabouts of one Tony Podesta

Read More @ TheCommonSenseShow.com

“A turn to real things” — Eric Sprott’s predictions for 2018 (Weekly Wrap-Up, December 29, 2017)

by Craig Hemke, Sprott Money:

In the final weekly wrap-up for 2017, Eric Sprott talks the top stories of the year and makes his predictions for the New Year ahead.

The good news? Gold is up almost 13%—the best since 2010. “It’s been a pretty steady, consistent kind of rise here, it’s like something has changed in the market,” Eric says.

Comparatively, “you saw what happened with cryptocurrencies—the degree to which they’ve exploded. We’ve seen nothing in gold and silver… There’s lot of reasons to think more and more people are going to come into this market.” Eric adds, “these are usable items that will always have value.”

Get Eric’s full thoughts on:

• How the new U.S. Tax Bill will affect the dollar and bond markets

• Political uncertainty and how it will affect the precious metals markets

• The big stories of 2018

Read More @ SprottMoney.com

Israeli teens tell Netanyahu they won’t serve in IDF, slam occupation of Palestine

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from RT:

Sixty-three Israeli students signed a letter stating they would defy mandatory military service despite the risk of jail. Citing the occupation of Palestine, the letter criticizes the policies of Israel’s “racist government.”

The letter, signed on Thursday by sixty-three high school students from across Israel, is addressed to Prime Minister Benjamin Netanyahu, Defense Minister Avigdor Liberman, Education Minister Naftali Bennett and Israel Defense Forces (IDF) Chief of Staff Lt. Gen. Gadi Eisenkot.

Pointing to Israel’s blockade on the Gaza Strip and illegal West Bank settlements, the letter states that “the army implements the policy of a racist government that violates basic human rights, which applies one law to Israelis and another to the Palestinians in the same area.”

Blaming the Israeli government and IDF for decades of violent conflict, the students wrote they “decided not to take part in the occupation and oppression of the Palestinian people, which separates people into two hostile camps. Because as long as people live under occupation that denies them human rights and national rights we will not be able to achieve peace.

The signatories also said that Israelis are exposed to a culture of “militarism” from a young age, and that they want to “change the entire system.”

The IDF has not formally responded to the letter, but Yesh Atid MK Elazar Stern, a retired IDF major general, called the letter “sad” but “marginal.”“I think our youth is committed enough to handle these marginal types. It’s minuscule compared to the hundreds of thousands who enlist, and isn’t more than [the number of draft dodgers] in the past,” Stern said.

All Jewish, Druze and Circassian Israeli citizens over 18 are expected to serve in the IDF. However, Israel’s Arab minority is exempt from mandatory service. Men serve for two years and eight months, and women for two years.

Although such cases are rare, the IDF has previously jailed young conscientious objectors who have refused to serve. In July, 19-year-old Noa Gur Golan was detained in a military prison for defying her draft orders. In an open letter she wrote before refusing to enlist, Golan said she could not be complicit in a “reality where violence is the norm.”

In a similar incident in 2014, 53 graduates of Jerusalem’s Arts and Science Academy signed a letter declaring their refusal to serve in the military. The alumni of the prestigious university wrote that the IDF was a “contractor in active segregation based on the concept of ethnic superiority of the Jews over Palestinians – a regime that oppresses and tramples basic human rights, which applies a different legal system to the different populations in the West Bank, and uses a system of discrimination based on ethnic lines from 1948.”

Read More @ RT.com

Here are the most important, but CENSORED, news stories of 2017

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by JD Heyes, Natural News:

Professional journalism took a major hit this past year as one establishment media outlet after another became afflicted with Trump Derangement Syndrome and spent the better part of the past 12 months manufacturing one story after another.

Normal confirmation of information through multiple, independent sources was one of the biggest casualties of the year as networks and newspapers like CNN, the Washington PostThe New York TimesPolitico, and the networks — ABC News in particular — were duped time and again into running with Deep State information about President Donald J. Trump and his administration that turned out to be patently and demonstrably false.

But there were additional, major journalistic infractions throughout the year as well in the form of major stories that the “mainstream” ignored altogether, leaving the American people less informed or completely ignorant of current events, some of which carry huge implications for freedom and the preservation of our republic.

In no particular order, here are what we consider to be among the most significant stories that became nothing more than censored news in 2017:

— The Pakistani-Democrat Connection: Have you ever heard of a Pakistani national named Imran Awan and his brothers Abid and Jamal and Imran’s wife, Hina Alvi? If not, you’re certainly not alone. The Daily Caller broke story after story involving this former IT worker who was employed exclusively by congressional Democrats and who very likely gained access through their email to very sensitive, top-secret U.S. intelligence. But for certain, The DC’s Luke Rosiak, who’s been all over this story from the beginning, says: “Members of Congress have refused to acknowledge what is well-known among the House bureaucracy; that investigators found conclusive evidence that the Awans wantonly violated House IT regulations.” This story sums it up best.

— The Charlottesville PD scandal: Earlier this summer Trump got into hot water (again) when he said “both sides” were responsible for protest violence related to the removal of Confederate memorials from a city park — referring to white supremacists and Antifa domestic terrorists. Only a few outlets at the time picked up on a primary reason why the violence was allowed to escalate (into one death): State and local police were held back, which allowed the violence to escalate, according to the conclusion of an independent investigation. But the legacy media focused on the white nationalists in attendance and Trump’s comments, which turned out to be spot-on.

— The Vegas massacre: It’s been three months since the worst mass shooting in the history of the country, and we’re still no closer to finding out the motive(s) behind Stephen Paddock’s attack. And in fact, it may be a year or more before we do find out; why isn’t the legacy media more curious? And why did the swallow the FBI’s immediate dismissal that terrorism was the motive, after ISIS claimed Paddock converted six months before the attack?

— The World Mercury Project: In September the group, led by Robert F. Kennedy, Jr., called out the Centers for Disease Control and Prevention for alleged criminal misconduct at the agency over its attempts to hide links between mercury in vaccines and autism. The organization put out a report that contained new evidence of “corruption and scientific misconduct” at the CDC, and that employees and consultants for the government health agency engaged in “questionable ethics and scientific fraud” that has “resulted in untrustworthy vaccine safety science,” a press release notedCrickets from the “mainstream” media.

— Ignoring Podesta Group corruption: It took President Trump to bring new attention to this just last week, but so far, special counsel Robert Mueller’s team has yet to find anything at all wrong with the conduct of the Podesta Group. Trump was referencing the apparent scrutiny the Podesta Group is under by Mueller’s team, as, the lobbying work appears very similar to that done by former Trump campaign manager Paul Manfort, who has been indicted by a grand jury at Mueller’s recommendation. The Podesta Group, once headed by brother of former Clinton campaign chairman John Podesta, is likely to close by the end of this year.

— Missouri Democrat: State Sen. Maria Chappelle-Nadal called for Trump’s assassination in an August Facebook post that she ultimately deleted. But as of this writing, and despite the fact that scores of lawmakers in the Red State have called for her to resign, she remains in office, which is a disgrace. Had a Republican state lawmaker called for Obama’s assassination, it would have been the establishment media’s 24-7 story for weeks.

Read More @ NaturalNews.com

2018 Forecast: Winter

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by Karl Denninger, Market Ticker:

I’ve been harping on this more-or-less continually since 2011 — it relates to your personal health and reliance on the health care system in the United States.

Specifically, if you look like you’re pregnant and you’re not (or can’t be) — let’s just make it simple folks; if you stand in the shower, look straight down, and you see gut instead of genitals…..

You can ignore this (again), if you want.  But time’s pretty-much up.

Trump’s “tax cuts” are going to accelerate the deficit spending trend that Obama (and Bush before him) initiated.  The Fed’s machinations over the last 100+ years are utterly irrelevant because all of them are in fact driven by Congress.  The Fed is a creature that operates at the behest of Congress, as a creation of Congress, and every single dollar it has “printed” it has “printed” because Congress spent money it did not have.

In other words, Congress ran a deficit.

The Fed has its share of detractors and I’m among them.  But those who refuse to place responsibility where it belongs are fraud-running jackasses, and while I’m happy to try to educate folks those who refuse to learn and cling to that which is trivially disproved mathematically wind up on my “ignore” list.

The bottom line: It is Congress, which is elected by you, that has destroyed the purchasing power of the currency and enabled all of the fraud and force in our economy today.

Every.
Single.
Bit.

Health care costs have exploded because of fraud, extortion and just plain intentional bloat.  Hiring ratios of 10-30:1 for administrators to doctors and nurses are just a start.  You pay for every one of those people but they never provide a single second of care to a single person.  This crap standing alone is strangling the economy and it’s strangling the Federal Government.

Then you add onto it monopolist protections system-wide.  You can’t get a price before a procedure and you can’t hold someone to a price.  How much you pay has nothing to do with the complexity and everything to do with how you pay (or whether you can.)  The health system is the only form of “business” in which a hospital or physician bills you for fixing their screw-ups — and if those screw-ups kill or permanently maim you they’re “entitled” to bill you for that too.

The entire health system in this country, top to bottom, is a racketeering enterprise on grand scale, it currently consumes one fifth of all money spent in the United States, stealing at least 80% of that, and in many cases produces negative or zero net value while doing so.

The Federal Government knows this.  It also knows that if the Attorney General, Congress or the President puts a stop to it there’s a monstrous recession — in fact, from an economic definition perspective an immediate Depression will result.  It wouldn’t last long and we’d be far better off when it was over but the next 12 to 18 months would be nasty and whoever is in office at the time will get blamed — and lose their jobs.

As a result none of the people in office — not federal, state or local — will do it unless the public rises and demands it, making clear that there are three — and only three — alternatives: Do it, leave peacefully and be replaced by someone who will, or rest in pieces.

Ultimately the people of any nation have the right to issue such a demand — but only in concert, as a body politic.  1776 was such a demand and when the answer “nuts!” came back from the British monarchy the colonists reply was “ok, since you insist in pieces it shall be.”

No lone person has the right to do it (we call that terrorism) but the people as a body politic always do, provided the alternatives are laid on the table.  That’s the very premise on which a representative republic is based.

Well, you won’t do it.  Not collectively, or in sufficient numbers.

You’d rather get screwed on-balance.

As a result your only alternative is to not need the medical scam.

Read More @ Market-Ticker.org

Forecast 2018 — What Could Go Wrong?

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by James Howard Kunstler, Kunstler:

Markets

If you take your cues from Consensus Trance Central — the cable news networks, The New York TimesWashPost, and HuffPo — Trump is all that ails this foundering empire. Well, Trump andRussia, since the Golden Golem of Greatness is in league with Vladimir Putin to loot the world, or something like that.

Since I believe that the financial system is at the heart of today’s meta-question (What Could Go Wrong?), it would be perhaps more to the point to ask: what has held this matrix of rackets together so long? After all, rackets are characterized by pervasive lying and fraud, meaning their operations don’t add up. Things that don’t comport with reality are generally prone to failure so sooner or later they have to implode.

Financial markets have been surging supernaturally on “liquidity” since 2009 — and by “liquidity” I mean “money” (digital credit from thin air) supplied by the Federal Reserve, in rotation with the other sovereign central banks, BOE, ECB, BOJ, PBOC, from whence it pings ‘round the world, wherever the lure of the main chance sparkles. Trillions wafted into the stock and bond markets, levitating them as a sort of stage-managed misdirection from the sickening spectacle of wobbling real stuff economies. In 2017, The Dow Jones Industrial Average recorded an astounding 5,000 point year-on-year upzoom, with 12 months of gains and no loser months, and a string of 71 record highs.

America’s central bank, the Federal Reserve, acted as if pumping up the stock markets was the only thing that mattered. The result was a Potemkin economy, a glittering Wall Street false-front with a landscape of “flyover” squalor and desolation behind. The Fed now works at cross-purposes with itself by raising the Fed Funds rate a quarter-point every few months, and supposedly “shrinking” (ha!) their balance sheet — dumping bonds onto the market plus “retiring” termed out bonds, which allows the Fed to disappear the principal paid by the borrowers, namely the US Treasury, or the quasi-governmental werewolf called Freddie Mac (The Federal Home Loan Mortgage Corporation), which bundles all kinds of janky mortgages into giant bonds the Fed buys in order to artificially pump up the real estate market. Did your eyes glaze over yet? That’s the great thing about finance: it’s bewildering, so that when shit goes wrong, nobody notices until its way too late.

What could go wrong with that program? Well, if you dump billions of bonds on the market, you will change the supply-and-demand equation in the direction of too much supply, and interest rates will have to rise when there isn’t enough bid from the demand side — especially if the US Treasury is creating ever more new bonds to make up for ever-greater deficit spending at the same time the Fed dumps bonds into the market. And if, for instance, the interest rate on the benchmark 10-year US Treasury bond goes up past 3.00 percent, well that may be all she wrote for the US government’s ability to service its monstrous debt. And it may be tits up for the real estate sector, too, because mortgage rates will rise, and fewer people will buy houses. The Fed’s latest actions boil down to a lame attempt to have some maneuvering room to once again lower interest rates and refill their balance sheet via a QE-4 orgy when the economy heads south in a way that even the US Bureau of Labor Statistics can’t obfuscate.

The ECB and the BOJ have already made noises about curtailing their vacuuming up of securities, so the liquidity rotation may end altogether. The new Tax Cuts and Jobs Act has at its centerpiece the lowering of corporate income tax from 35 to 21 percent. The hidden agenda may be to hope this can act as a substitute for the dwindling central bank liquidity injections. The tax cuts and other new gimmicks would increase the federal debt by at least $1 trillion over a ten year period (and, by unofficial estimates, probably much more) paving the road to national bankruptcy with good intentions. But, of course, quite a few wise men in this culture have declared that deficits don’t matter. My own view is that they don’t matter until they do, and then you’re pretty screwed.

In the background of all this is an array of perilous real world events playing out that include especially potential conflict around North Korea and the Middle East. China’s banking system is a fun-house of scams and dodges that don’t add up anymore than ours do. The whole wicked pottage of EU / Brexit issues simmers away, along with the EU’s fatal flaw of lacking any fiscal discipline among member nations, so government spending has no relation to sovereign borrowing. NATO’s aggressive military posturing on Russia’s borders is pointless, stupid, dishonest, and provocative. Nobody knows what kind of gambit Crown Prince Mohammed bin Salman of Saudi Arabia will try next. Iran demands to be recognized as the regional hegemon. And our dear exceptional nation, with its restless Deep State black box “assets,” is capable of all sorts of mischief at home and abroad.

Any of these things could shove American markets into criticality, as if they don’t have enough built-in fragility already. Manipulation of the markets by the Fed and its water-carrying Too Big To Fail partners have deprived the markets of their chief function: price discovery, the ability to discern what things are really worth. Markets are therefore functionally useless and their uselessness is a giant hazard. No society that depends on money can work for long if nobody knows the true value of things, including the value of money itself. The price of attempting to live in a culture of pervasive dishonesty is that a re-set is inevitable. When it happens, it will be hugely destabilizing.

I expect the DJIA to move down sharply before the third quarter, rebound a little, and eventually bottom at 14,000 or lower by this time next year. I’ll call the S & P to settle in under 1,000. The NASDAQ may be the weakest, since its FAANG members — Facebook , Amazon, Apple, Netflix, Google (aka Alphabet)— are among the most mis-valued stocks, and the most based on vaporous products and services. Call NASDAQ to land at 2,700. Calling for a US dollar index (DXY) of 79 by December. Calling for gold $2,500 and silver $60 twelve months from now. There it is, like so much meat on the table.

Bitcoin and other cryptos have a superficial appeal as a wealth safe haven supposedly out-of-reach of avaricious governments — if you don’t consider everything else that’s wrong with it. (Yesterday, Dec 31, Australia’s biggest banks froze the accounts of Bitcoin investors.) I think the safe haven idea will prove fallacious. Governments are already finding ways to interfere, using taxation schemes and shutting down exchanges. Bitcoin’s other claims on “moneyness” look bogus as well. It’s too unstable to be a medium of exchange, and too difficult to even access when need to sell, and you certainly can’t price anything in it as it shoots up and crashes every day. Bitcoin went way up because people — or maybe just algorithms — saw it going way up, so they hitched a ride. The rush to the exits will be brutal. Its final resting place will be zero, but perhaps not without a trip or two to nosebleed levels in 2018, especially as other markets wobble in the first half of the year. Bitcoin $50-K wouldn’t surprise me. But I’m not among the buyers. Enjoy the show.

Read More @ Kunstler.com

US Intelligence Reportedly Gives Israel Green Light To Assassinate Iran’s Top General

from ZeroHedge:

According to reports circulating widely in Israeli media today, the United States has quietly given Israel the green light to assassinate Iran’s top military officer, Iranian Revolutionary Guards al-Quds Force commander Maj. Gen. Qassem Soleimani. The leader of Iran’s most elite force also coordinates military activity between the Islamic Republic and Syria, Iraq, Hezbollah, and Hamas – a position he’s filled since 1998 – and as Quds Force commander reports directly to the Supreme Leader of Iran, Ali Khamenei, and oversees Iran’s covert operations in foreign countries.

Iran’s Revolutionary Guards have vowed to crack harshly down on protests currently gripping multiple major cities across the country, now in their fifth day, and after a particularly bloody night which saw 12 demonstrators killed – some of them reportedly shot by security forces.

  Iranian Revolutionary Guards al-Quds Force commander Maj. Gen. Qassem
Iranian Revolutionary Guards al-Quds Force commander Maj. Gen. Qassem

Iranian Revolutionary Guards al-Quds Force commander Maj. Gen. Qassem Soleimani. Image via The Iran Project
The report, though unconfirmed, originated in a Kuwaiti newspaper and is now going viral through a Times of Israel story. The Times of Israel summarizes the context as follows:

Thursday’s report by al-Jarida, which has been known to publish improbable-sounding stories about Israel, was widely picked up by Israeli media. There was no immediate reaction to the report from Jerusalem or Washington.

Three years ago, Israel came close to assassinating Soleimani near Damascus, al-Jarida quoted unnamed source as saying, but the Americans tipped off the Iranians against the background of intense disagreement between Washington and Jerusalem.

That was during the Obama administration, which, according to reports at the time, was so focused on securing the 2015 Iran nuclear accord that it chose to overlook and even obstruct efforts to clamp down on Iranian-backed terror organizations. It’s not clear if the reported tip-off was related to efforts to secure the Iran deal.

And concerning the current go-ahead for new assassination plans reportedly given by US intelligence to the  Israelis:

The source was quoted by the paper as saying that Soleimani’s assassination would serve both countries’ interests and that US authorities have given Israel the go-ahead to carry it out.

Israel has been known to conduct high-risk secretive assassinations in foreign countries over the past years and decades. One notable headline grabbing operation, reportedly by Mossad agents, occurred in 2010 and resulted in the assassination of a top Hamas commander who had checked into a high end Dubai hotel after flying in from Syria.

An eleven man Israeli hit squad had entered the hotel while dressed in tennis gear and carrying tennis rackets, and were later reported to be traveling on fake Irish and French passports. After conducting surveillance the Mossad agents got Hamas’ Mahmoud al-Mabhouh to open his hotel room door and quickly suffocated him without arousing suspicion from other hotel guests. By the time the body was discovered, the assassins had flown out of Dubai to various locations around the world and were never seen again.

And in 2015 a secret document revealed by The Intercept as part of the Edward Snowden leaked NSA archives confirmed that Israeli agents had assassinated a top Syrian general and personal aide to President Assad in 2008 while the general dined at his family home near Tartus, along the Syrian coast. The daring operation involved Israeli naval commandos and snipers targeting Gen. Muhammad Suleiman’s house from the waters of the Mediterranean and shooting him in the head and neck. Israel considered him responsible for coordinating weapons and supplies between Iran and Lebanese Hezbollah, as well as overseeing an alleged nascent nuclear development program at Syria’s Al Kibar facility which had previously been bombed by Israeli jets.

Read More @ ZeroHedge.com

Italian Banks Try to Join EU’s Newfangled Bond Bamboozle

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by Don Quijones, Wolf Street:

But investors are burned out.

After countless scandals, near-death collapses, bail-outs and bail-ins, Italian lenders are finding it increasingly difficult to attract investors. The amount of Italian bank bonds outstanding has shrunk by about 30% since the start of 2015, according to Marcello Minennathe head of Quantitative Analysis and Financial Innovation at Consob, the Italian securities regulator.

The decline in volumes has been accompanied by rising yields on subordinated and senior unsecured notes. This is a big problem in a country where bonds represent an important share of banks’ liabilities, especially at a time when the big European banks are facing increasing regulatory pressure to issue ever larger volumes of what has come to be known as “bailinable (as in bail-in-able) debt.”

Bailinable debt traditionally consists of hybrid debt securities that automatically convert into equity and/or have their face value mercilessly slashed if some pre-defined trigger is met (usually linked to the issuer’s capital). It includes subordinated debt and high-risk instruments like the contingent convertible (CoCo) bonds that are designed to be bailed in first when a bank gets in trouble.

Bailinable debt comes into play when a bank is about to go belly up. Part or all of the debt can be used to “bail in” a bank’s investors before taxpayers are called upon to cough up the rest. It’s what should have happened from the early stages of the financial crisis. But for bankers there’s a big problem with this kind of debt: given its high associated risks, it normally comes with a hefty price tag, particularly if the bank in question fails to inspire confidence among investors.

To get around that problem, financial engineers in France conjured into existence a whole new debt class in 2016 called senior non-preferred bonds (AKA senior junior, senior subordinated or Tier 3), which were hastily accepted by France’s market regulators, endorsed by the European Commission, given a stamp of approval by rating agencies, and fast-tracked into use by France’s four Too-Big-to-Fail banks, which were desperate to fill an estimated eligible capital shortfall of €50 billion.

The newfangled debt class was positioned in the hierarchy of creditors between subordinated debt and the pre-existing senior unsecured debt. Its holders would be subject to bail in before senior bondholders (who apparently won’t be bailed in at all) but after junior bondholders. In other words, the senior non-preferred bond pretends to be simultaneously one thing (senior), in order to keep the yield (and the cost for the bank) down, and another (junior) in order to qualify as bailinable.

It’s a way for big banks to bamboozle bondholders – usually institutional investors like our beaten-down pension funds – into buying something with other people’s money that doesn’t yield nearly enough to compensate them for the risks they’re taking. And for the moment it appears to be working.

In its first issuance of senior non-preferred bonds, Credit Agricole only paid about 45 basis points more than it would to sell traditional senior debt and about 65 basis points less than it would for subordinated. Since then, the practice has spread beyond French borders. Early this year Holland’s ING and Spain’s Santander began issuing senior non-preferred bonds even though their issuance had not yet been officially sanctioned by each bank’s respective national regulator.

In June Spain’s government hurriedly passed a law endorsing the new financial instruments. In the interim Santander has issued its second €2.5 billion batch of the bonds and has plans to issue a whole lot more. In August Spain’s second biggest bank, BBVA, placed €1.5 billion worth of senior non-preferred bonds, apparently “at the best price ever” in Europe (from the bank’s perspective), according to BBVA’s own website.

Read More @ WolfStreet.com

Saudi Prince Al Waleed bin Talal’s Ex-Wife Tells All: Orgies with Underage Girls, Drugs, Bangladeshi Children Traded as Sex Slaves

Orgies with underage girls, heavy drug and alcohol abuse

from True Pundit:

Saudi Princess Amira Bint Aidan Bin Nayef went on a rampage against the ruling Saudi regime in her exclusive statements to the French newspaper Le Monde, saying slavery in Saudi Arabia has different forms, but it is done in secrecy and permitted only among the primary beneficiaries of the princes of the House of Saud.

She mentioned one of the most repulsive things: buying and renting the children, especially the orphans, from countries like Bangladesh, Sri Lanka, the Philippines, Djibouti, Somalia, Nigeria, Romania and Bulgaria.

According to Aidan, the ex-wife of the Saudi Prince Al Waleed bin Talal, who was recently arrested in scope of the anti-corruption purges in the country, those who accuse others of corruption and money laundering, are in fact highly corrupted themselves.

Russian online newsportal Fort Russ reports quoting Aden’s interview on Le Monde, the princess said they’ve turned the city of Jeddah into a slave market where underage girls are being exploited for noisy sex parties involving drug and alcohol abuse.

She said that one of the main reasons why this keeps going on is that the members of the Committee for the Promotion of Virtue and the Prevention of Vice (Saudi Sharia police) tend to keep away from the matter, fearing they might lose their jobs, should they intervene.

The newspaper quoted the princess as saying that a Hallowen event was recently held in Jeddah, and which was attended by 150 people, including employees of the consulates. The scene was like a typical nightclub anywhere outside the Kingdom, with available wines, dancing couples in fancy costumes, and a DJ.

Bint Aidan said the price of smuggled liquor in the country is very high. For instance, the price of the Smirnoff vodka is $400, sometimes forcing party organisers to refill the original bottles with a local wine called Siddiqui.

The children become the property of those who buy them and are not allowed to leave without permission.

Even the Asian maids who come to work often find themselves in a kind of slave-like position. Young girls are divided into smaller groups and exploited for immoral acts.

Trafficking of white women and exploiting them for sexual practices is also relatively common.

Read More @ TruePundit.com