In yet another astonishing eyewitness report that contradicts the official story surrounding the worst mass shooting in American history, a married couple who were celebrating their 10th anniversary in Las Vegas at the time of the shooting have come forward to reveal that there was an active shooter inside the Bellagio Hotel around the same time that supposed lone gunman Stephen Paddock was found dead. During the confessional, a Canadian man by the name of Jeff detailed the fact that he and his wife were in the Bellagio Resort and Casino around 11:20pm on the night of the shooting when panic broke out in the hotels lobby. Jeff begins the interview by making clear his belief that there were multiple active shooters targeting different places in Las Vegas on the night of the attack. ‘First of all, I think what needs to be said is that, from my perspective, there were multiple events that occurred around Las Vegas, up and down the Strip that night. It wasn’t just centralized around the Mandalay Hotel,’ the witness claimed.
This post was published at shtfplan on October 14th, 2017.
Another Trump-Russia collusion narrative has bitten the dust. In a stunning revelation that goes a long way toward alleviating the cloud of suspicion that has hovered over Donald Trump Jr. since details about a meeting organized by Trump Jr. involving Jared Kushner and Paul Manafort along with Russian lawyer Natalia Veselnitskaya and her entourage were first publicized in July, the Wall Street Journal is reporting that newly disclosed emails between Veselnitskaya and Azerbaijani-Russian billionaire Aras Agalarov largely support Veselnitskaya’s account that the meeting focused on her years long lobbying effort to kill the Magnitsky Act. *** The emails, which were provided to WSJ by Scott Balber, a lawyer for Agalarov, cover a period of time leading up to the June 2016 meeting in Trump Tower. They begin in October 2015, when Veselnitskaya first shared information about her anti-Magnitsky efforts with Russian Prosecutor General Yuri Chaika.
This post was published at Zero Hedge on Oct 9, 2017.
‘Mass shootings have become routine in the United States and speak to a society that relies on violence to feed the coffers of the merchants of death. Given the profits made by arms manufacturers, the defense industry, gun dealers and the lobbyists who represent them in Congress, it comes as no surprise that the culture of violence cannot be abstracted from either the culture of business or the corruption of politics. Violence runs through US society like an electric current offering instant pleasure from all cultural sources, whether it be the nightly news or a television series that glorifies serial killers.’ – Professor Henry A. Giroux This latest mass shooting in Las Vegas that left more than 50 people dead and more than 500 injured is as obscure as they come: a 64-year-old retiree with no apparent criminal history, no military training, and no obvious axe to grind opens fire on a country music concert crowd from a hotel room 32 floors up using a semi-automatic gun that may have been rigged to fire up to 700 rounds a minute, then kills himself. We’re left with more questions than answers, none of them a flattering reflection of the nation’s values, political priorities, or the manner in which the military-industrial complex continues to dominate, dictate and shape almost every aspect of our lives. For starters, why do these mass shootings keep happening? Mass shootings have taken place at churches, in nightclubs, on college campuses, on military bases, in elementary schools, in government offices, and at concerts. This shooting is the deadliest to date. What is it about America that makes violence our nation’s calling card?
‘I don’t think the ham-handedness of this action is fully appreciated.’ Wolf here. This is what Bill Tilles, one of the authors of the article below, wrote in an email about the article. It should see the light of day: As for the DOE action re subsidizing coal plants, there’s a real dog-bites-man aspect to the story, in addition to being extreme inside baseball. Conservative Republicans, eager to reward coal and nuclear interests, propose new regulations by the Federal Energy Regulatory Commission (FERC) that aggressively favor coal and nuclear over natural gas to overcome the significant cost advantages that natural gas now has. To me, the real story is in the 19-page document that the Department of Energy sent to FERC. It was a polemic. In politics that’s permissible, even expected. But the unusual aspect is that DOE is directing FERC – the agency with real administrative expertise in the area – to make wide-ranging rate changes favorable to coal and nuclear interests based on no additional evidence other than a fake crisis! You have to think about that for a minute. FERC dockets are voluminous with every imaginable interest group weighing in. And time consuming. These folks in the Trump administration are in effect saying to FERC, ‘We don’t need no stinkin’ records.’ It’s a ginned up crisis. With a predictable, cronyist solution: Hand over money to that special interest. And do it fast, they say, or we’ll all be freezing come winter.
This post was published at Wolf Street by Leonard Hyman and Willian Tilles ‘ Oct 5, 2017.
Are you ready for mass chaos in Washington? There are lobbyists for just about every cause that you can possibly imagine, and they are always working hard to influence members of Congress on their particular issues. But when you are talking about a major tax reform bill, that is something that virtually every single lobbyist in the entire city will want to be involved in. Our tax code is over two million words long, and the regulations are over seven million words long, and any changes to our immensely complex system could have absolutely enormous implications. There will be winners and there will be losers with any piece of legislation, and lobbyists will zealously fight to defend the turf belonging to their particular clients. Often lobbyists from different sides will literally be pitted directly against one another, and it won’t be pretty. In fact, one analyst that works for Cowen Washington Research Group says that we could soon be watching ‘the corporate hunger games’… Almost every industry, special interest, and consumer group has an interest in the tax code, especially if the package ends up being as ambitious as Trump and Republican leaders want it to be. Chris Krueger, an analyst at Cowen Washington Research Group, told Business Insider that the battle over which loopholes to keep and which to throw out could get nasty.
Barack Obama is funding the anti-Trump movement through a series of backdoor deals and policies. Wall Street may be surprised to learn that it is also helping bankroll the anti-Trump ‘resistance’ whether they wanted to or not. Wall Street is fighting policies which would heavily favor it, including corporate tax cuts and the repeal of Obama-era banking and health-care regulations. We have the Obama administration to thank for the harsh anti-Trump movement by far left groups, according to an article by the New York Post. The Obama administration’s massive shakedown of Big Banks over the mortgage crisis included unprecedented back-door funding for dozens of Democratic activist groups who were not even victims of the crisis. At least three liberal nonprofit organizations the Justice Department approved to receive funds from multibillion-dollar mortgage settlements were instrumental in killing the ObamaCare repeal bill and are now lobbying against GOP tax reform, as well as efforts to rein in illegal immigration. An estimated $640 million has been diverted into what critics say is an improper, if not unconstitutional, ‘slush fund’ fed from government settlements with JPMorgan Chase and Co., Citigroup Inc. and Bank of America Corp., according to congressional sources. The payola is potentially earmarked for third-party interest groups approved by the Justice Department and HUD without requiring any proof of how the funds will be spent. Many of the recipients so far are radical leftist organizations who solicited the settlement cash from the administration even though they were not parties to the lawsuits, records show. ‘During the Obama administration, groups committed to ‘revolutionary social change’ sent proposals and met with high-level HUD and Justice Department officials to try to get their pieces of the settlement pie,’ Cause of Action Institute vice president Julie Smith told The Post. -New York Post
This post was published at shtfplan on September 25th, 2017.
Imagine this movie-script: a former KGB spy, angry at the collapse of his motherland, plots a course for revenge… narrates the ominous sounding voice of Morgan Freeman. The hysteria continues, and this time Hollywood has been enlisted. No this is not The Onion, but yet another serious committee for seriouspeople. Meet the “Committee to Investigate Russia” which launched on Tuesday and immediately garnered broad coverage in pop-culture and entertainment news sites for its release of a short Morgan Freeman narrated video which aims to “tell us the truth” about Russian meddling in the US election. ‘We have been attacked,’ Freeman says in his familiarly reassuring voice while gazing into the camera. ‘We are at war.’ Not only did the video burn up social media on Tuesday, but the founders of the lobbying group behind the production, barely one day old, were given substantial air time on cable news from CNN to MSNBC. Of course, it helps that actor, director, and lifelong Democrat Rob Reiner is behind it – he’s teamed up with neocons David Frum, Max Boot, and national security insiders like James Clapper.
This post was published at Zero Hedge on Sep 20, 2017.
What’s next? A unicorn captured in Tennessee? The world I grew up in has changed. American Universities are handing out Play-Doh to comfort distraught liberals and ‘Never Trump’ students. Protestors defaced a Thomas Jefferson statueat the University of Virginia due to his slave ownership. Race baiters attacked Hobby Lobby for displaying raw cotton in vases. The P. C. Police have continually demonstrated their desire to attack the America many of us love. Now, the snowflake class is writing articles stating Ron Paul – the former Texas congressman that made a career out of criticizing bloated defense budgets and hawkish foreign policy decisions – is shilling for the defense industry. Their ‘evidence’ is that he received five-year-old campaign contributions from some employees of Boeing and Lockheed Martin, which they falsely credited with coming directly from the companies themselves. Dr. Paul’s alleged wrongdoing was writing an op-ed mildly critical of Elon Musk, a government subsidy-eating machine and poster boy for left-wing environmental causes. In the article, Paul, an Air Force veteran, expressed his opposition to Section 1615 of the National Defense Authorization Agreement (NDAA), which many speculate was written with the congressional intent of quietly extinguishing all serious competition to Musk’s SpaceX.
This post was published at Zero Hedge on Sep 18, 2017.
‘I tell you, freedom and human rights in America are doomed. The U. S. government will lead the American people in – and the West in general – into an unbearable hell and a choking life.’ – Osama bin Laden (October 2001) Ironically, during the same week that we mark the 16th anniversary of the 9/11 attacks, we find ourselves commemorating the 230th anniversary of the U. S. Constitution. While there has been much to mourn about the loss of our freedoms in the years since 9/11, there has been very little to celebrate. Indeed, we have gone from being a nation that took great pride in serving as a model of a representative democracy to being a model of how to persuade a freedom-loving people to march in lockstep with a police state. What began with the passage of the USA Patriot Act in the wake of the 9/11 attacks has snowballed into the eradication of every vital safeguard against government overreach, corruption and abuse. Since then, we have been terrorized, traumatized, and tricked into a semi-permanent state of compliance. The bogeyman’s names and faces change over time, but the end result remains the same: our unquestioning acquiescence to anything the government wants to do in exchange for the phantom promise of safety and security.
Answers emerge. Including offshore private accounts. Mexico’s public debt-to-GDP of 50% may seem modest by today’s inflated standards, but when it comes to debt, everything is relative, especially if you don’t enjoy the benefits that come from having a reserve-currency-denominated printing press, and if you borrow in a foreign currency that you don’t control. As the debt load grows, more and more of the States’ financial resources must be used to service it. As El Financiero reports, the cost of servicing Mexico’s debt, despite super-low interest rates globally, has almost doubled in the last five years, and is now higher than it has been at any time since 1990. In fact, according to the Government’s own figures, more state funds will be spent this year on servicing the debt than on all public infrastructure projects put together. Yet as the government scrimps and scrapes in areas that might actually help to boost economic growth, it’s more than happy to dig deep to fill its own pockets. A joint investigation by the news website Animal Politico and the NGO Mexicans Against Corruption and Impunity has revealed that, amidst all the budget cuts, the Pea Nieto Government has been using a complex web of shell companies to make hundreds of millions of dollars of public funds, originally intended for public causes such as combating poverty or financing public education, completely vanish.
This post was published at Wolf Street on Sep 11, 2017.
Twenty-three years after former Drexel Burnham Lambert executive Michael Milken finished a 22-month minimum-security prison sentence, one fund manager is lobbying President Donald Trump to pardon his past convictions, arguing that Milken’s prosecution was an example of anti-banker hysteria run amok. Wealth-management executive David Bahnsen told Bloomberg that he sent a plea to Trump asking that he pardon Milken, an innovator who is widely lauded in the financial world for helping to popularize junk bonds among a broader set of investors during the 1980s. Bizarrely, Bahnsen says he’s never met the man. Milken pleaded guilty to securities fraud charges in 1992, and was initially sentenced to 10 years in prison, though he only served 22 months.
This post was published at Zero Hedge on Sep 1, 2017.
Just over a year ago we wrote about Paul Manafort resigning from the Trump campaign amid outrage over his consulting firm’s ties to a lobbying campaign designed to sway American public opinion in favor of the Ukraine’s pro-Russsian government (see: FBI Probes Firm Belonging To Brother Of Clinton Campaign Chair For Ukraine Corruption Ties). The top political news on Friday was the unexpected resignation of Trump campaign chairman, Paul Manafort, which was the result of emerging revelations that his political consulting firm, DMP International, had orchestrated a covert Washington lobbying operation in the period 2012-2014 on behalf of Ukraine’s then ruling political party, attempting to sway American public opinion in favor of the country’s pro-Russian government (which was overthrown in a CIA-orchestrated coup in early 2014). As the AP reported yesterday, the lobbying included attempts to gain positive press coverage of Ukrainian officials in The New York Times, The Wall Street Journal and The Associated Press. Another goal: undercutting American public sympathy for the imprisoned rival of Ukraine’s then-president. At the time, European and American leaders were pressuring Ukraine to free her. Furthermore, under the U. S. Foreign Agents Registration Act (or FARA), US entities who lobby on behalf of foreign political leaders or political parties must provide detailed reports about their actions to the Justice Department. Now, fast forward one year and it seems as though an honest attempt to destroy Trump’s campaign may ensnare another rather unlikely victim, namely The Podesta Group. As our readers are undoubtedly aware by now, The Podesta Group (PG) was co-founded by Hillary Clinton’s former campaign chairman, John Podesta, and is still run by his brother, Tony Podesta. Now, according The Daily Caller, PG, one of six lobbying firms that worked on Manafort’s campaign to get Ukraine into the European Union between 2012 to 2014, finds itself directly in the crosshairs of Special Counsel Mueller’s Russia probe.
This post was published at Zero Hedge on Aug 28, 2017.
These two words are the hinge that is swinging American life – and the advanced techno-industrial world, for that matter – toward darkness. They represent an infection in the critical operations of daily life, like a metabolic disease, driving us into disorder and failure. And they are so omnipresent that we’ve failed to even notice the growing failure all around us. Mostly, these diminishing returns are the results of our over-investments in making complex systems more complex, for instance the replacement of the 37-page Glass-Steagall Act that regulated American banking, with the 848 page Dodd-Frank Act, which was only an outline for over 22,000 pages of subsequent regulatory content – all of it cooked up by banking lobbyists, and none of which replaced the single most important rule in Glass-Steagall, which required the separation of commercial banking from trafficking in securities. Dodd-Frank was a colossal act of misdirection of the public’s attention, an impenetrable smokescreen of legal blather in the service of racketeering. For Wall Street, Dodd-Frank aggravated the conditions that allow stock indexes to only move in one direction, up, for nine years. During the same period, the American economy of real people and real stuff only went steadily down, including the number of people out of the work force, the incomes of those who still had jobs, the number of people with full-time jobs, the number of people who were able to buy food without government help, or pay for a place to live, or send a kid to college.
Americans don’t know what’s being negotiated at their expense. The first round of re-negotiating the North American Free Trade Agreement between the US, Canada, and Mexico began on Wednesday and is scheduled to last through Sunday. And the one thing we know about it is this: Despite promises in March by US Trade Representative Robert Lighthizer (USTR) that the negotiations would be transparent, the USTR now considers the documents and negotiations ‘classified’ and they’ll be cloaked in secrecy. But corporate lobbyists have access. And they’re all over it. The Electronic Frontier Foundation put it this way: Once again, following the failed model of the Trans-Pacific Partnership (TPP), the USTR will be keeping the negotiating texts secret, and in an actual regression from the TPP will be holding no public stakeholder events alongside the first round. This may or may not set a precedent for future rounds, that will rotate between the three countries every few weeks thereafter, with a scheduled end date of mid-2018.
This post was published at Wolf Street by Wolf Richter ‘ Aug 19, 2017.
President Donald Trump might’ve been on to something when he accused the Washington Post of being a ‘lobbyist weapon For Amazon.’ In a rambling five-page email published by WaPo, the CEO of Birkenstock USA threatened to cut off authorized retailers who sell even a ‘single pair’ of its shoes to Amazon.com Inc., a continuation of his crusade against the online retailer, which began about a year ago when he demanded that the e-commerce powerhouse do more to ferret out fakes being sold on its platform. In the missive, CEO David Kahan blasted Amazon for soliciting Birkenstock retailers, offering to buy the company’s shoes from them for full price. Birkenstock stopped selling its shoes on Amazon earlier this year, citing a rise in counterfeit products and unauthorized sellers. Though the paper disclosed its conflict of interest, the story was obviously intended to embarrass a business rival of WaPo owner and Amazon founder Jeff Bezos, despite the paper’s smoothly neutral tone. ‘In the email, Kahan called the entreaty a ‘desperate act’ and a ‘PERSONAL AFFRONT.’ ‘Birkenstock does NOT sell [to] Amazon,’ he wrote in the email to retail partners. ‘And it is clear that they are seeking back-channel means by which to obtain our brand.’
This post was published at Zero Hedge on Jul 26, 2017.
In a desperate bid to survive its economic meltdown, Venezuela is lobbying other OPEC members to agree to steeper oil production cuts, a move that would likely lead to higher oil prices. Venezuelan officials have reached out to their counterparts in Iran, Russia and Saudi Arabia to press them on more collective action, according to Argus Media. If there was enough interest, the next step would be an ‘extraordinary meeting,’ which would weigh the option of cutting deeper. The rumors about deeper OPEC cuts have been floating around since June, when oil prices collapsed into the low-$40s. The markets have grown deeply pessimistic about the health of the oil market, and doubt the OPEC cuts will balance the market by the end of the compliance period in March 2018. But the behind-the-scenes effort from Venezuelan officials is notable, if only because the South American OPEC members was one of the earliest and most aggressive supporters of the original deal to reduce output. In 2016, for months the more powerful members of the cartel rebuffed Venezuelan pleas, but in the end they agreed to reductions in November after oil prices continued to wallow below $50 per barrel.
This post was published at Zero Hedge on Jul 19, 2017.
President Donald Trump’s announcement that he was pulling out of the Paris climate deal, a cornerstone of his predecessor’s legacy, was met with disdain from everyone on the left. That includes Elon Musk. Musk is now threatening Trump saying that he will step down from the president’s advisory councils if Trump decides to withdraw from the Paris climate agreement. Trump has said he intends to officially exit the agreement next week despite the insistence from the left that he stay. The CEO of both Tesla and SpaceX tweeted Wednesday that he’s done everything possible to lobby the president to keep the U. S. in the treaty. ‘Don’t know which way Paris will go, but I’ve done all I can to advise directly to POTUS, through others in WH & via councils, that we remain,’ Musk said. ‘Don’t know which way Paris will go, but I’ve done all I can to advise directly to POTUS, through others in WH & via councils, that we remain,’ Musk said. Don't know which way Paris will go, but I've done all I can to advise directly to POTUS, through others in WH & via councils, that we remain — Elon Musk (@elonmusk) May 31, 2017
Debt is serfdom, capital in all its forms is freedom. If we accept that our financial system is nothing but a wealth-transfer mechanism from the productive elements of our economy to parasitic, neofeudal rentier-cartels and self-serving state fiefdoms, that raises a question: what do we do about it? The typical answer seems to be: deny it, ignore it, get distracted by carefully choreographed culture wars or shrug fatalistically and put one’s shoulder to the debt-serf grindstone. There is another response, one that very few pursue: fanatic frugality in service of financial-political independence. Debt-serfs and dependents of the state have no effective political power, as noted yesterday in It Isn’t What You Earn and Owe, It’s What You Own That Generates Income. There are only three ways to accumulate productive capital/assets: marry someone with money, inherit money or accumulate capital/savings and invest it in productive assets. (We’ll leave out lobbying the Federal government for a fat contract or tax break, selling derivatives designed to default and the rest of the criminal financial skims and scams used so effectively by the New Nobility financial elites.)