Secretary Of State For Hire: Hillary Clinton Made Millions From Foreign Donors In Exchange For "Favors"

What will be revealed in a new book "Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich,” by Peter Schweizer, is something very sinister: foreign entities made payments to the Clinton Foundation and to Mr. Clinton through high speaking fees expected, and received, favors from Mrs. Clinton’s State Department in return.  This means that during her tenure as Secretary of State, Hillary Clinton may or may not have been working in the best interest of the US population; she was, however, certainly working in the best interest of the biggest Clinton Foundation donor du jour. Such as, for example, the country of Ukraine.

The Crowning Glory Of Keynesianism

Many have forecast the creation of a new monetary system by which governments and banks gain total control over all monetary transactions. On the surface of it, this may seem an impossible goal, as it would be so all-encompassing and would eliminate economic freedom entirely. Surely, it would not be tolerated. However, we believe that it’s not only relatively easy to create, but it will be sold in such a way that the public will see it as an absolute panacea to their economic woes. Only those who are far-sighted will understand its level of destruction in advance of its implementation.

US Navy Sends Aircraft Carrier, Warships To Intercept Iranian Weapons Shipments In Yemeni Waters

Update: Because the report from AP does not play well with "Everyday Americans", US CentCom is denying: U.S. DENIES REPORT SHIP SENT TO INTERCEPT IRAN VESSEL, SAYS SHIP SENT TO KEEP SHIPPING LANES IN REGION OPEN

The 'proxy' war is escalating very rapidly. As AP reports, Navy officials confirm that the aircraft carrier USS Theodore Roosevelt is headed to Yemeni waters to intercept an Iranian weapons shipments. Just as we warned 10 days ago, the probability of a major escalation over the latest proxy Middle Eastern civil war escalated substantially when Iran parked two warships off the Yemeni coast.

Bank Of England Exposes US Cronyism: Questions Why Buffett's Berkshire Hathaway Is Not Too Big To Fail

If you thought currency-wars were a problem, just wait until crony-wars begin. In a stunning show of disagreement among the omnipotent, The FT reports that a Freedom of Information Act request has confirmed The Bank of England wrote to US authorities seeking clarity about Berkshire’s absence from a provisional list of "systemically import" (Too Big To Fail) financial institutions (SIFIs). The US Treasury declined to comment...

David Einhorn Is "Adding More Shorts", Has A Question For Mario Draghi

"At the bottom of the cycle, firms cut labor faster than output. The higher productivity led to improving margins, earnings and stock prices. Now labor is being added faster than output, and with large companies like McDonalds, Walmart and Target announcing pay increases, unit labor costs are likely to increase further. All told, there is a good chance earnings will actually shrink this year. We think the market is too high if earnings have, in fact, peaked for the cycle, and we have reduced our net exposure by adding more shorts."

- David Einhorn

WalMart Workers Take "Plumbing" Mystery To Labor Board

Last week, we documented the mysterious case of WalMart’s move to shutter multiple geographically distinct locations across the US for “plumbing issues.” Once we dug a bit deeper into the history of the affected stores we noticed that one store in particular — the Pico Rivera, CA location — has been at the forefront of wage and working condition protests for the better part of three years. Now, as NY Times reports, "a claim set to be filed on Monday by the United Food and Commercial Workers International Union with the National Labor Relations Board says that the closings were in retaliation for a history of labor activism at one of the shuttered stores, in Pico Rivera, Calif."

Which Nation Is Bob Pisani Talking About?

Listen to the following 15 second clip of Bob Pisani explaining what the important thing is... and decide which centrally-planned, micro-managed economy's omnipotence he is questioning...

Stop The Presses: Nobel-Prize Winning Economist Slams QE

"An alternate, more sophisticated approach to explaining why QE may not work to stimulate aggregate consumption is, perhaps, because the demographic mix of the U.S. (and most parts of the developed world) has shifted toward older people. Unlike 30 or 40 years ago, the enormous baby boomer generation, and even retirees, are much wealthier (including human capital) than in the past, and they are wealthier than current generations earlier in their life cycle.  So the wealth effect does not lead to an increase in consumption and, potentially, has the opposite outcome."

- Robert Merton

China's Day Trading Hordes Unmasked

Just who are all of these newly minted Chinese “investors” whose ranks are now so large that their trades literally broke the software that tracks volume on the Shanghai Exchange today?

Monsanto Furious At World Health Organization For Claiming Weedkiller Causes Cancer

Following Monsanto lobbyist comments recently that he's "not stupid" enough to drink the weedkiller that he also proclaimed was safe enough that "you can drink a whole quart of it and it won’t hurt you;" Reuters reports that the maker of the world's most widely used herbicide, Roundup, wants an international health organization to retract a report linking the chief ingredient in the weedkiller to cancer. The company said on Tuesday that a report, issued on Friday by the WHO, was biased: "The WHO has something to explain." However, as one scientist noted, "there are a number of independent, published manuscripts that clearly indicate that glyphosate...can promote cancer and tumor growth."

America's Waning Influence: Beijing To Invest $46 Billion In Energy, Infrastructure For US "Ally"

China is looking to succeed where the United States has failed. Beijing — which, as a reminder, claims it will not use its regional infrastructure development initiatives as a tool of foreign policy — is now set to facilitate the construction of nearly $50 billion in power plants, roads, and railways in neighboring Pakistan. The proposal, which will give China access to the Indian Ocean via the Gwadar port on the Arabian Sea, is part of President Xi Jinping’s ambitious “Silk Road” Economic Belt, and importantly, will likely include financing for the completion of the "Peace Pipeline," which will carry natural gas from Iranian gas fields across Pakistan.

Did Greece Just Launch Capital Controls: "Mandatory Cash Transfer" Decreed Due To "Extremely Urgent Need"

We warned last week that capital controls were inevitable and it apears the first steps have been taken (very quietly):

*GREECE ISSUES DECREE: LOCAL GOVTS OBLIGED TO TRANSFER DEPOSIT RESERVES AT CENTRAL BANK

So, following the pension fund raid, the Greek government is now centralizing all Greek cash citing an extremely urgent and unforeseen need.". One wonders if this is Krugman's "advice."

America's Looming "Great Surprise"

The built-up tensions and fragilities are begging for release. The unfortunate consequence of not allowing the process of “creative destruction” to occur in banking and Big Business is that the historic forces behind it will seek expression elsewhere in the realm of politics and governance. The desperate antics of central banks to cover up financial failure can’t help but provoke political upheaval, including war.

Multibillion Hedge Fund Manager: "Ultimately QE Will Fail; US And China Might Enter Recession At The Same Time"

"Ultimately, the current QE programs will fail. I think most likely through a large devaluation in the emerging market currencies.  Having dodged and parried so many blows from Central Bank QE programs, the market is seemingly failing to break higher. Breadth is narrowing in the US stock market, and credit spreads widening. Economic data, with the exception of jobs, which is a lagging indicator, indicate the US economy is peaking. To me it looks like the US and China might go into recession at the same time."