Will the Next Revolution Include the Press and Journalists as Part of the Corruption?

I was standing in line in a phone store and the two women in front of me were talking about the press and how dishonest they are. The interesting thing was one did not like Trump and was starting to like him because the press was so negative. The other had been a Trump supporter and just listening to them made me think just how openly revolting the press has become.
Now a Harvard study published May 18th, 2017 reveals what many Americans are starting to talk about openly just how corrupt the press has become. Trump’s press coverage has set an all-time new historic record for negativity. The Harvard study says President Trump’s early days in office were subjected to almost universally negative news coverage, confirming what he has been complaining about. They reported that Trump presidency is ‘setting a new standard for unfavorable press coverage of a president.’ I personally have done significant research in political-economic history reading the commentaries throughout history to get a sense of the thinking process and its evolution. I have never uncovered such corruption in mainstream media in the entire history of the United States. This is bordering on the corrupt Communist press of the cold war – the new American Pravda.

This post was published at Armstrong Economics on May 31, 2017.

Matt Taibbi: How Did Russiagate Start?

Amid the chaos of James Comey’s firing, new questions about the timeline of his fateful investigation
Former Director of National Intelligence James Clapper appeared on This Week Sunday, and said some head-scratching things.
Clapper back in March told Meet the Press that when he issued a January 6th multiagency intelligence community assessment about Russian interference in the election, the report didn’t include evidence of collusion between the Trump campaign and Russia, essentially saying he hadn’t been aware of any such evidence up through January 20th, his last day in office.
On Sunday, he said that didn’t necessarily mean there was no such evidence, because sometimes he left it up to agency chiefs like former FBI Director James Comey to inform him about certain things.
“I left it to the judgment [of] Director Comey,” Clapper said, “to decide whether, when and what to tell me about counterintelligence investigations.”
Clapper said something similar when he testified before the Senate Judiciary Committee last Monday. In prepared remarks, he essentially said that there was nothing odd about his not being informed about the existence of an FBI counterintelligence investigation involving Donald Trump’s campaign.

This post was published at Zero Hedge on May 21, 2017.

Brazil’s President Tells Supreme Court To Suspend Corruption Probe Of Brazil’s President

In a move that will surely light the proverbial lightbulb over Donald Trump’s head, Brazilian President Michel Temer, having been officially dragged into Brazil’s massive corruption scandal after a record emerged in which he urged the payment of “hush money”, said on Saturday he would ask the Supreme Court to suspend its investigation into allegations he was also involved in the carwash corruption scheme, vowing to remain in power.
Speaking during a televised address on Saturday afternoon, Brazil’s deeply unpopular president, who replaced a just as deeply unpopular president last year when Dilma Rouseff was impeached, claimed the recording that implicated him in the scandal was doctored and said he would file a petition with the Supreme Court to suspend the investigation until it could be verified, the WSJ reported.
In the recording cited by Temer, which unleashed a historic crash of the Brazilian stock market and currency on Thursday when news of Temer’s involvement broke, the president can be heard chatting with Joesley Batista, chairman and heir of the beef-and-chicken JBS empire, apparently him his approval to pay the jailed former speaker of the House Eduardo Cunha – the man responsible for Dilma Rouseff’s ouster last year – to buy his silence. Batista, who made the recording and gave it to prosecutors in hopes for prosecutorial leniency against JBS, said the recording wasn’t edited.

This post was published at Zero Hedge on May 20, 2017.

Russian Embassy Implicates Hillary In Tweet Asking: “Who Killed Seth Rich?”

#WikiLeaks informer Seth Rich murdered in US but MSM was so busy accusing Russian hackers to take notice. pic.twitter.com/0XVezTyfHM
— Russian Embassy, UK (@RussianEmbassy) May 19, 2017

Earlier this week, Fox News dropped a bombshell report officially confirming, via anonymous FBI sources, what many had suspected for quite some time, that murdered DNC staffer Seth Rich was the WikiLeaks source for leaks which proved that the DNC was intentially undermining the campaign of Bernie Sanders. In addition to exposing the utter corruption of the DNC, the leaks cost Debbie Wasserman Shcultz her job as Chairwoman.
At the time, we mockingly wondered why the mainstream media seemingly overlooked a huge new development in a highly suspicious unsolved murder case.
Finally, we find it ‘shocking’ that while the New York Times, Washington Post, CNN, etc are all too eager to regurgitate each others anonymously sourced stories that are critical of Trump, not a single one of them had a single reference of this Fox News bombshell on their website at the time this article was published.
Turns out we weren’t alone, as the Russian Embassy in the U. K. just sent out the following tweet:
“#WikiLeaks informer Seth Rich murdered in US but MSM was so busy accusing Russian hackers to take notice.”

This post was published at Zero Hedge on May 19, 2017.

GOV’T TURNS ON COMEY AND ASSANGE, MCCAIN UPSET, IT ALL TIES TOGETHER

Republican Senator John McCain is rather perturbed that president Donald Trump fired FBI director, James Comey. His disappointment, though, is hard to understand considering the turn on Comey by the government as of late.
Republicans, by and large, had a lot of great things to say about James Comey when he chose to look into Hillary Clinton’s email scandal during the presidential election last year. Oddly, the political right also seemed to really love WikiLeaks founder, Julian Assange for releasing the ‘Podesta emails’ which showed corruption withing the DNC and Hillary’s campaign team, themselves. So why the dramatic turn?
After yesterday’s announcement that Comey had been fired by Trump at the suggestion of Deputy Attorney General, Rod Rosenstein, McCain said he is ‘disappointed’ with President Trump’s decision. ‘While the President has the legal authority to remove the Director of the FBI, I am disappointed in the President’s decision to remove James Comey from office,’ McCain said in a statement. McCain argued that such a move reinforces his calls for a special congressional panel to investigate Russia’s interference in the 2016 presidential election. Trump said he fired Comey over the handling of Hillary’s email scandal. But there is probably a whole lot more to it than that. Because WikiLeaks has confirmed that Russia was not the source of the leaked Podesta emails, the source of the Russian hacking, it appears that this is all likely intertwined. But finding the glue to stick this all together has proven difficult.

This post was published at The Daily Sheeple on MAY 10, 2017.

Trump’s Threats to Break Up Banks Aren’t Scaring Wall Street Yet

Despite President Donald Trump’s repeated assertions that he might support breaking up big banks, Wall Street isn’t worried. Yet.
The calm is fueled by signals from administration aides in private meetings with industry executives to discuss rolling back financial rules, a Trump priority. While not making any assurances, the officials aren’t harping on the issue, according to people who have participated in or been briefed on the discussions. In fact, the topic of reviving Glass-Steagall, the 1933 law separating investment and commercial banking, rarely comes up.
Just last month, Trump’s top economic adviser Gary Cohn eased the concerns of at least two bank chief executives officers who called him after he spoke approvingly of Glass-Steagall in a meeting with senators, people familiar with the matter said. Neither Cohn nor the Treasury Department’s Craig Phillips made a case for splitting up banks when they met recently with an important financial lobbying group, said some attendees.
There is also a sense in the industry that lawmakers have little appetite to take on another controversial legislative fight, especially one that would anger big donors. Republicans, who control both houses of Congress, are particularly loath to support such a dramatic reshaping of the banking system.

This post was published at bloomberg

The US Dollar and Stock Market Could Spike Higher Under Trump’s Tax Plan

President Trump, as part of his ‘America First’ program, has proposed lowering the US corporate tax rate to 15 percent and to close a myriad of loopholes in an effort to simplify the tax code, and to also encourage the nation’s largest businesses to bring production back home.
The proposal represents a tangible shift in the relationship between Washington and big business. In 2014, President Obama’s Treasury Department introduced new measures to crack down on corporate tax inversions, a strategy companies utilized to exploit gaping tax differentials between the United States and other countries. Burger King’s acquisition of Canada’s Tim Hortons, a coffee and doughnut chain, for example, was motivated in large part by Canada’s more hospitable tax environment.

This post was published at FinancialSense on 04/27/2017.

Prognostication: Here It Comes

I claim no special power here, nor any inside information. This is simply arithmetic coupled with logic. I’ll give you a “decision tree” sort of format with the critical points outlined.
Note that if you’re going to mitigate any of what I see coming around the bend you need to do it right damn now, not wait. By the time you get to those critical points it’s too late. For many people it’s already too late, but if you’re not in that batch then you need to make your lifestyle changes today.
I am operating on the premise that the rank corruption that I outlined in the Ticker here will not be addressed. It will not be addressed for the same reason the 17th Amendment will be cited as the reason the American political experiment failed when the book on America is finally closed, as that Amendment permanently removed the ability of the States to call a hard-stop on any expansion of Federal Power they did not consent to. That was designed in to our government by the founders and it was removed intentionally by the 17th Amendment. That balance of power can never be restored absent a Revolution because to do so The Senate would have to literally vote themselves out of a job at a supermajority level which they will never do and there is no means to compel them to do so.
For the same reason the 30-year trend in Medicare and Medicaid spending will not be stopped. It may be tinkered with around the edges but it won’t be stopped because to stop it without literally throwing people into the street and letting them die you have to break the medical monopolies and in doing so you will inevitably (1) destroy the graft machine that drives a huge part of DC and at least half of the jobs inside the Beltway, along with the asset values they support, (2) create an immediate and deep (15% of GDP, but temporary) recession on purpose which neither Congress or Trump will ever voluntarily initiate as it would cause a guaranteed 70% stock market crash along with the immediate detonation of about 1/3rd of all in-debt corporations in the United States and (3) expose the outrageous theft of trillions of dollars from taxpayers over the last several decades to fund the medical scam machine at all levels.

This post was published at Market-Ticker on 2017-04-17.

Has Former Goldman Sachs President, Gary Cohn, Gone Rogue on Glass-Steagall?

There are a few important things to know about Gary Cohn. Until Donald Trump tapped him to be the Director of the National Economic Council, he had worked at Goldman Sachs for a quarter century, rising to the position of President of the firm and second only to its CEO, Lloyd Blankfein. Cohn walked out of Goldman in December with approximately $285 million, comprised mainly of Goldman stock, some of which had been granted early vesting. Since his exit from Goldman, Cohn has wasted no time in selling large chunks of his Goldman shares according to his financial disclosures. While this serves to reduce his conflicts of interest with Goldman, it also provides a face-saving means of exiting a massive position in a Wall Street bank without the appearance of panic or disloyalty.
Against this backdrop comes the widely reported news that on April 5 Cohn met with Senators serving on the Senate Banking Committee and expressed support for bringing back a modern-day version of the depression era Glass-Steagall Act – legislation which was passed as a result of the Wall Street collapse of 1929 to 1933, which erased 90 percent of the market’s value. (Yes, 90 percent.) That legislation created Federally-insured deposits and barred insured commercial banks from being affiliated with Wall Street investment banks. It protected the U. S. financial system for 66 years until its repeal in 1999 under the Bill Clinton administration. It took only nine years after its repeal for Wall Street to implode in the same epic fashion as the ’29 crash.

This post was published at Wall Street On Parade on April 17, 2017.

This Is What Has Kept More Tomahawks From Falling On Syria: ‘The Russians Appear to Be Using Leverage That May Damage The President’

One of the reasons that Syria is ‘on hold’ is that the Russians are now leveraging the President with the connections formed in his campaign prior to the election. Paul Manafort, onetime manager of President Trump’s campaign apparently has received payments from a pro-Russian political party in Ukraine. An article covering it entitled Manafort firm received Ukraine ledger payout by Jack Gillum, Chad Day, and Jeff Horwitz was released on Thursday by the Associated Press.
The bad news is that the ledger is substantiated by records booked by Manafort’s consulting firm in the U. S., already under a corruption investigation by the FBI with even more overlap. Apparently, the FBI and Congress are investigating Manafort’s activities with Russia and possible ties to Vladimir Putin regarding the President’s campaign. These activities which could have included payoffs allegedly occurred in 2016.
But a distinct pattern is observable here. Tillerson is still ‘on the attack,’ today demanding that Russia oust Syrian President Bashar al-Assad…and the President in the meantime has announced we wouldn’t be sending troops into Syria. Perhaps he is hesitant, as (if they have such evidence) Russia would certainly not shirk from releasing information that could be damaging to the President. At this stage, the threat of such a release appears to be keeping things in check: we haven’t launched another Tomahawk strike yet.

This post was published at shtfplan on April 14th, 2017.

Preparing for the Reign of the First Widow

Investment Research Dynamics is pleased to present another guest post by Stewart Dougherty. I wanted to preface Stewart’s formal essay with some thoughts he shared with me in our email exchanges leading up to his latest essay:
I haven’t shared with you one of the most important tenets of Inferential Analytics … namely, that the universal human condition is addiction. Addiction comes in hundreds of forms. Two of the most powerful are to money and power. HRC is addicted to both. She simply cannot let go of her presidential ambition, or her greed.
I must admit, when I saw her interviewed the other day regarding Syria, she looked terrible. Her legs looked as if they were about explode out of her pants, which were stretched to snapping. She looked like a human sausage. I thought her doctors would have been reversing her obesity by now, but apparently not. Among her other addictions, she is addicted to food, and is a glutton [IRD: she’s also an alcoholic]. Mentally, she is a complete mess. So I could be wrong … if she cannot get her gluttony under control, she cannot get to 2020. She simply will not have the required stamina, and could croak at any time.
My assumption is that when she smells Trump’s blood in the water, she will become so galvanized that she will get the gluttony under control, even if it’s only to get through the election. They will make Obama her running mate, if that’s what’s required to get her across the finish line. Then he can effectively have a third term, while she vegetates in a food coma.

This post was published at Investment Research Dynamics on April 12, 2017.

NOT JUST SYRIA: 5 HUGE NEWS STORIES TO KEEP AN EYE ON AMID THE MADNESS

The world’s eyes and ears have once again turned toward Syria following last week’s chemical weapons attack and U. S. President Donald Trump’s subsequent air strikes on the Assad government. Mainstream media, independent media, and social media platforms are fixing fierce attention on the ongoing developments.
These events undoubtedly deserve widespread, ongoing scrutiny. From the United States government’s lack of evidence that the Syrian government was behind the chemical attack to the media’s complicity in driving a pro-war narrative and president Trump’s hypocrisy in bombing Syria – after criticizing former president Barack Obama for doing the same thing – further critical analysis of the recent airstrikes is vital.
But even as skepticism toward these events should remain heightened, so should awareness of countless other major developments. Here are five to follow:
1. Trump Appoints Pharmaceutical Consultant to Head the FDA – This week, the president appointed Scott Gottlieb, a pharmaceutical industry insider who has served the boards of multiple pharmaceutical companies, to chair the Food and Drug Administration. Gottlieb currently still works as a consultant for GlaxoSmithKline. He has received $414,000 from GSK, Pfizer, AstraZeneca, Bristol-Myers Squibb, and Valeant Pharmaceuticals. He has also received tens of thousands of dollars in speaking fees from pharmaceutical companies like Merck and Mikart, as well as other corporations – including Goldman Sachs. He has taken several trips through Washington’s revolving door, with brief stints at the FDA mixed in with multiple positions consulting pharmaceutical companies. Trump’s pick follows in the footsteps of Barack Obama, who also appointed a pharmaceutical industry insider to chair the FDA.

This post was published at The Daily Sheeple on APRIL 11, 2017.

Trump Sued For Not Releasing White House Visitor Logs

Three organizations have filed lawsuits against President Trump’s administration for not publicly disclosing White House visitor logs.
According to The Hill, the lawsuits were filed against the Department of Homeland Security by The National Security Archive, Citizens for Responsibility and Ethics in Washington (CREW), and the Knight First Amendment Institute at Columbia University after the administration failed to release the records pursuant to several Freedom of Information Act (FOIA) requests.
‘We hoped that the Trump administration would follow the precedent of the Obama administration and continue to release visitor logs, but unfortunately they have not.’ CREW Executive Director Noah Bookbinder said in a statement.
‘Given the many issues we have already seen in this White House with conflicts of interest, outside influence, and potential ethics violations, transparency is more important than ever, so we had no choice but to sue.’
‘President Obama routinely released the data we’re seeking with no damage to presidential privilege, and this information is central to the Secret Service mission and thus clearly agency records subject to FOIA,’ Tom Blanton, the director of the National Security Archive, said in a statement.

This post was published at Zero Hedge on Apr 10, 2017.

A Heightened Sense of Vulnerability

The gap between the happy-story fantasies of easy fixes to institutionalized corruption and systemic stagnation and the fraying-rope reality is widening, straining the bonds holding the whole contraption together to the breaking point. Am I the only one sensing an increase in systemic vulnerability? I’m not talking about TEOTWAWKI (the end of the world as we know it) so much as a sense of things fraying beneath the surface of normalcy. I for one have never seen the outpouring of negative emotional energy from partisan political disagreements. It has become more a matter of quasi-religious faith than a matter of fact as to whether the Russians “hacked” the U. S. election and the Democratic National Committee. The “facts” are highly dependent on one’s faith in this quasi-religious conflict; if you’re anti-Trump, the now-discredited report by a private firm reporting to the FBI (red flag #1–doesn’t the FBI have its own digital forensics assets? Why hire a flaky contractor to do this critically important national security work?) is the gospel truth. if you’re in the other camp, Julian Assange’s declaration that the DNC material was offered to him by an insider is the obvious gospel truth.

This post was published at Charles Hugh Smith on MONDAY, APRIL 03, 2017.

“Who’s Worth What” – White House Releases Financial Disclosures Of Key Staffers

President Trump night released details of the personal finances of his staffers late on Friday, including his son-in-law Jared Kushner and daughter Ivanka, which once again confirmed that most of the people in his immediate circle are very wealthy. The legally required disclosure documents provided a snapshot of assets and positions held by personnel when they first entered their new jobs at the White House, and before they started selling stocks and other assets that could pose conflicts of interest, according to White House ethics officials.
Curiously, the White House did not actually create a public depository of the filings, so AP, Propublica and the NYT created a shared drive for all the disclosures so far.
.@nytimes @AP @politico And we're off. Since the White House is not posting the documents publicly, we ( @nytimes @AP) are: — ProPublica (@ProPublica) March 31, 2017

This post was published at Zero Hedge on Apr 1, 2017.

Judge Napolitano Returns On Fox News, Stands By Claim Brits Spied On Trump

Fox News’ legal analyst Andrew “Judge” Napolitano returned to the air on Wednesday morning, nine days after the network benched him when President Donald Trump cited the Fox talking head as the source of claims that Barack Obama used British intelligence to wiretap him. Napolitano refused to change his story saying he stood by his claim about spying on President Donald Trump that got him benched by the network on March 21 for an indefinite period.
‘I stand by my statement on surveillance,’ Napolitano told Bill Hemmer.
According to Deadline, Napolitano was there to talk about a Fox News report that the FBI allegedly wired a staffer of former Illinois Congressman Aaron Schock, who has been charged with fraud and corruption. But first, Hemmer asked Napolitano about that Obama/Brit intel wiretap claim he first made on Fox & Friends. Napolitano said that was his story and he was sticking to it.

This post was published at Zero Hedge on Mar 29, 2017.

Visualizing NAFTA’s Mixed Track Record Since 1994

On January 1, 1994, the North American Free Trade Agreement (NAFTA) officially came into effect, virtually eliminating all tariffs and trade restrictions between the United States, Canada, and Mexico. As Visual Capitalist’s Jeff Desjardins reminds readers:
Bill Clinton, who lobbied extensively to get the deal done, said it would encourage other nations to work towards a broader world-trade pact. ‘NAFTA means jobs. American jobs, and good-paying American jobs,’ said Clinton, as he signed the document, ‘If I didn’t believe that, I wouldn’t support this agreement.’
Ross Perot had a contrary perspective. Lobbying heavily against the agreement, he noted that if it was ratified, Americans would hear a giant ‘sucking sound’ as jobs went south of the border to Mexico.
IT’S A COMPLICATED WORLD
Fast forward 20 years, and NAFTA is a hot-button issue again. Donald Trump has said he is working on ‘renegotiating’ the agreement, and many Americans are sympathetic to this course of action.

This post was published at Zero Hedge on Mar 29, 2017.