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What Drought? Trump Tells Californians "We're Going To Solve Your Water Problem"

"...if I win believe me we're gonna start opening up the water so that you can have your farmers survive, so that your job market will get better..."


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Losing Ground In Flyover America, Part 3

The Fed’s crusade to pump-up inflation toward its 2.00% target by hammering-down interest rates to the so-called zero bound is economically lethal. The former destroys the purchasing power of main street wages while the latter strip mines capital from business and channels it into Wall Street financial engineering and the inflation of stock prices.


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"Here We Go Again" - A List Of Monthly Highs Above 2,100 In The S&P500

With the S&P closing at 2,099 on Friday, here - courtesy of Citi - is a reminder of the recent monthly highs in the S&P 500, all of which have managed to rise above 2,100 only to slide right back down again. There is one more trading day in May, or as CitiFX' Brent Donnelly puts it, "here we go again."


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Edward Snowden Demonstrates How To "Go Black"

When NSA whistleblower Edward Snowden first exposed the world to just how easily the government could compromise their technology and spy on them, many immediately sought ways to secure their data and protect their gadgets. But, as Wired.com reports, Snowden is here to help. "'Going Black' is a pretty big ask," he tells VICE's Shane Smith, but not impossible, as Snowden shows how to "make sure your phone works for you... instead of working for someone else."


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Former Morgan Stanley Chief Asia Economist: "Don't Listen To The Ruling Elite, The World Economy Is In Real Trouble"

"Don't listen to the ruling elite," warns former Morgan Stanley Asian Economist, Andy Xie, "the world economy is on the cusp of a prolonged period of stagnation and instability." Xie points out that the ruling elite is blaming it on people seeing things (skeptic and fiction peddlers), and that "their strategy is to change people’s psychology." Unfortunately for them he concludes, "the world is catching fire and that fire will eventually reach their Davos chalets."


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How Russia Is Preparing For WWIII

If the ‘deep state’ is really delusional enough to trigger a war with Russia, in Europe or elsewhere, the narcissistic and hedonistic West, drunk on its own propaganda and hubris, will discover a level of violence and warfare it cannot even imagine and if that only affected those responsible for these reckless and suicidal policies it would be great. But the problem is, of course, that many millions of us, simple, regular people, will suffer and die as a consequence of our collective failure to prevent that outcome.


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The Senate Just Took "A Hatchet To American Liberty"

This bill takes a hatchet to important protections for Americans’ liberty,” Wyden said following the vote. “This bill would mean more government surveillance of Americans, less due process and less independent oversight of U.S. intelligence agencies. Worse, neither the intelligence agencies, nor the bill’s sponsors have shown any evidence that these changes would do anything to make Americans more secure. I plan to work with colleagues in both chambers to reverse these dangerous provisions.”


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Everyone Is Missing The Most Troubling Part About Hillary's Email Audit!

“Secretary Clinton should have surrendered all emails dealing with Department business before leaving government service, and because she did not do so, she did not comply with the Department’s policies that were implemented in accordance with the Federal Records Act,” the audit report said. Bottom line: Mrs. Clinton violated the Federal Records Act. However, what is probably the most troubling about all of this is that, despite these blatant violations, there will be absolutely no legal repercussions for Mrs. Clinton for this offense. She’s off the hook! Why aren’t all the pundits screaming about that?


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Four Lost Decades: The Bumbling Incompetence Of The Power Elite

Who is to blame for Trump and Sanders?


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Obama Steps In To Defend Hillary: DOJ Fights To Block Clinton Deposition

Late Thursday evening the Justice Department, under US attorney general Loretta Lynch, first appointed in 1999 by none other than Bill Clinton,  filed a court motion opposing the Clinton deposition request from conservative legal watchdog Judicial Watch, claiming that the organization was trying to dramatically expand the scope of the lawsuit.


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Iceland Has Offered Foreign Bondholders A "Choice": Sell Now, Or Have Cash Impounded Indefinitely

In a shocking turn of events, a law passed on May 22 by Iceland's parliament is offering the foreign holders of about $2.3 billion worth of krona-denominated bonds a choice of either selling out in June at a below-market exchange rate, or have the money they receive upon maturity be impounded indefinitely in low interest bank accounts. In other words, Iceland is trying to kick out foreign investors.


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US Default Risk Hits 8-Month Highs

While still relatively low, USA sovereign CDS spreads have risen to 8-month highs, surging off early March lows. The reasons are likely numerous though we suggest the 4 surges in the last 3 months appear to line up with notable 'events'...


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Sweden: Is Islam Compatible With Democracy?

It is not a secret that democracy can be used to abolish democracy. It may have finally begun to dawn on the people that Swedish Sweden will soon be lost forever, and in many areas replaced by a Middle Eastern state of affairs, where different immigrant groups (mainly Muslims) make war on each other as well as on the Swedes. There is no country where Islam is dominant that can be considered a democracy with freedom of speech and equal justice under law.


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Bitcoin Is Soaring On Unprecedented Burst In Chinese Buying

What is the reason for this dramatic move higher? It appears to be China, because moments ago Bitcoin traded in CNY on the Huobi exchange soared as high as 3820, or over $580, imply a massive local-demand driven arb:


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Looming Trump Presidency Drives Renewed Surge Of Immigrants Across The Southern Border

As a Trump presidency becomes more and more of a possibility, immigrants believe that if there ever was a time to try and get across the border to the United States, that time is now - before Trump has a chance to act on his words. Trump "says he wants to build a wall. They want to get over before he builds it,” said Mario Saucedo Mendoza, who works at the Senda de Vida migrant shelter in Reynosa, the Mexican city across the border from McAllen. “He’s said these things, and people are trying to get in front of him, they are trying to cross now...The campaign trail talk is going to encourage people from here to November."


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