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Trump Picks Former Goldman Partner And Soros Employee As Finance Chairman

In an oddly ironic twist, today Donald Trump announced that he has picked as chairman of his newly launched fundraising operation none other than a former employee of the bank he has repeatedly criticized in the past, and which he used as a foil to criticize Ted Cruz: Goldman Sachs.  In addition to Goldman, Mnuchin also worked for Soros previously. Where it gets even more ironic is that Mnuchin has donated frequently to Democrats, including to Clinton and Barack Obama.


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Lawmakers To Obama: Don't Supply Syrian Rebels With Stingers

More than two dozen U.S. lawmakers are urging President Barack Obama to refrain from supplying Syrian rebels with American-made shoulder-fired surface-to-air missiles... “While we may have differing perspectives regarding the appropriate US response to the horrific violence in Syria, we agree that MANPADS would only lead to more violence, not only in Syria, but potentially around the world...”


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The Number Of Americans Renouncing Citizenship Just Keeps Going Up

Today the IRS published the latest figures on renunciation, showing that yet another 1,158 Americans have renounced their citizenship in the first quarter of 2016. While this may not be setting a record for a single quarter, the trend is quite clear.


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Deep State Democrats & The Donald - Ron Paul Destroys The 2-Party System Myth

“I’ve never bought into this idea that the lesser of two evils is a good idea.”


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Caught On Tape: 100s Of M1 Abrams Tanks Roll Through Houston, TX

Just days after we exposed Texas police planning for riots and conducting mass arrest drills, the site of hundreds of M1 Abrams battle-tanks rolling on a train through Houston raised more than a few eyebrows...


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Churn, Baby, Churn - The China Commodity Bubble Exposed In 1 Simple Chart

The frenzied trading that smashed Chinese commodity markets through the roof in the last month has begun to unfurl rapidly as authorities crackdown on the speculative fever and force exchanges to curve excess 'churn'. Of course, there are still some who cling to the belief that any of this was 'real' demand, real buying, and real economic growth (just don't look at The Baltic Dry in the last few days) but, as Bloomberg reports, it was nothing but "churn baby churn" as trading volume exploded but open-interest remained flat.


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Will Turkey Become An "Islamic State"?

As we recently hinted, concerns are mounting that Turkey is headed toward Shariah law implementation as the Presidency is consolidated, and particularly given Parliament Speaker Ismail Kahraman’s comments that secularism should be taken out of Turkey’s new constitution last week, moving it instead to a "religious constitution."


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How Jeff Gundlach Is Preparing For A Trump Presidency

How is Gundlach preparing and trading in advance "Trump presidency"? "Look at arms manufacturers, said Gundlach. He would avoid companies that are susceptible to global trade slowdowns, particularly those related to Mexico and China.... As he gets the nomination, the markets and investors are going to worry about it more. You will see a downgrading of global growth based on geopolitical risks. You must factor this into your risk-management."


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Jim Grant Asks When The World Will Realize "That Central Bankers Have Lost Their Marbles"

Does the deployment of helicopter money not entail some meaningful risk of the loss of confidence in a currency that is, after all, undefined, uncollateralized and infinitely replicable at exactly zero cost? Might trust be shattered by the visible act of infusing the government with invisible monetary pixels and by the subsequent exchange of those images for real goods and services? To us, it is the great question. Pondering it, as we say, we are bearish on the money of overextended governments. We are bullish on the alternatives enumerated in the Periodic table. It would be nice to know when the rest of the world will come around to the gold-friendly view that central bankers have lost their marbles. We have no such timetable. The road to confetti is long and winding.


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FBI Interviews Clinton's Top Personal Aide As Email Investigation Heats Up

As we reported yesterday, just when Hillary thought the email scandal was behind her, and she could shift her focus to the newly minted GOP presidential nominee Donald Trump, an order by Judge Emmet Sullivan of the U.S. District Court decided to lay out ground rules for interviewing multiple State Department employees. One key name in the order was longtime Clinton personal aide Huma Abedin, who as The Hill reports, was indeed interviewed today by the FBI, along with other top aides, some multiple times.


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Rob Reiner Explains Why Millions Of Americans Support Trump: "They're All Racist"

When asked to explain why "million and milions of people listen to what trump says and voted for him," infamously liberal director Rob Reiner replied "There are a lot of people who are racist..." ... And scene.


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Remember That "Taxation Without Representation" Thing? It's Happening Again

Everybody remembers learning about one of the central rallying cries of the American Revolution: “No taxation without representation!” Yes, the settlers in early America thought the idea of being forced to pay taxes without having a say in the decision-making of their overlords was very problematic. Fortunately for modern-day Americans, the founding fathers fixed that problem after they kicked the crown to the curb... except they didn’t.


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Trump Says If Economy Crashes "Can Make A Deal", "Will Renegotiate Debt"

Calling himself 'the king of debt' in his business dealings, Donald Trump warned correctly this morning that the national debt would be troublesome if the cost of borrowing increases, asking rhetorically, "we're paying a very low interest rate. What happens if that interest rate goes up 2, 3, 4 points? ...We don't have a country." The U.S. should "renegotiate longer-term debt," he added rather shockingly to the CNBC anchors, and with the recent surge in US Treasury default risk (now at 3-month highs), it appears the market is growing more nervous also.


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An Open Letter To Those Disappointed By 'Both' US Presidential Candidates

If you are one of those rare souls who genuinely believe Hillary Clinton and Donald Trump are honorable people – if they are the role models you want for your kids – then this letter is not for you...


Do NOT follow this link or you will be banned from the site!