After a month-long scare campaign waged by Saudi Arabia, and in no small part the Obama administration, which went so far as to threaten it would dump its US Treasurys, if the US were to pass a bill that would hold it legally liable for the Sept 11 attacks, it will be up to Obama to veto the bill because moments ago the Senate unanimously passed said bill, bringing Congress closer to a showdown with the White House.
Is this why stocks are slipping? Following Hillary's hint last night that she would like to put her husband in "charge of revitalising the economy, because you know he knows how to do it," Bill confirmed the farce this morning, admitting he has asked for an "economic role" in his wife's adminstration. As Yves Smith so eloquently noted, after having institutionalized the neoliberal economic policies that have enriched the 1% and particularly the 0.1% at the expense of everyone else, Hillary Clinton wants to give the long-suffereing citizenry an even bigger dose. Good luck America.
- As Brexit vote looms, U.S. banks review their European commitments (Reuters)
- Oil’s Strength Continues to Boost Global Stocks (WSJ)
- Trump closing gap with Clinton, poll shows (Hill)
- In Adjacent Pennsylvania Counties, Republicans Are Split on Donald Trump (WSJ)
- Make America Gold Again: Calls for Everyone's Favorite Standard Are Back (BBG)
Most Americans may not like to hear this, but the truth is that modern day America very closely resembles Nazi Germany. Most Americans were raised to deeply love this country; but likewise, most citizens of this nation know that something has gone deeply wrong, and we suggest that just like the Nazis, all of the pageantry and beauty in our society masks an evil which has grown to a level that is almost unspeakable. The truth is that all evil regimes eventually fall, and America is headed for a day of reckoning... And just like Nazi Germany, our end will be exceedingly terrible.
"Hidden microphones that are part of a clandestine government surveillance program that has been operating around the Bay Area has been exposed." If Congress wasn’t so busy being corrupt shills for the powerful it might do something to stop this. We're not holding our breath. Time and time again throughout U.S. history, you see the FBI working to undermine the public’s freedom in order to protect whatever racket their status quo masters happen to be running at the time.
Hillary Clinton sits at the center of a raging firestorm concerning her arrangement of a private email account and server set up in her home - from which top secret information may have been deleted. But despite Bernie Sanders’ apparent annoyance with the “damn emails,” the scandal just exponentially intensified, when Judge Andrew Napolitano revealed on Monday that Russia has possession of around 20,000 of Clinton’s emails - leaving open the possibility her deletions might not have been permanent after all.
After countless reports about the potential for nuclear or radioactive weapons of mass destruction being smuggled into the United States, the State of Texas is has begun to take the threat seriously.
It’s impossible to read the below and not conclude that senior U.S. government officials were, and continue to be, more interested in protecting their Saudi “allies” than providing justice for the thousands of innocents killed on 9/11. It should make everyone infinitely more distrustful of our crooked government. If that’s all the “28 pages” drama achieves, we’d call that a success.
Under Obamacare, the government spent $2.4 billion creating 23 non-profit healthcare cooperatives which were intended to help drive down health insurance costs through competition with for-profit companies. 12 of the 23 co-ops lost so much money that they had to shut down, and the remaining 11 lost a combined $400 million last year; and so the Obama administration is changing the rules midstream so that the remaining 11 co-ops can have state governments place officials on their boards of directors, and make it easier to attract outside investors. Said otherwise, the moves ultimately make a state bailout possible.
"Of all tyrannies a tyranny sincerely exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience."
Democracy, this is not...
- World stock markets rise while yen falls back (Reuters)
- Yen Falls a Second Day as Japan Reiterates Ability to Intervene (BBG)
- Say goodbye to OPEC, Russia’s Sechin says (Reuters)
- European Stocks Buoyed by Banks (WSJ)
- Fed's Dudley: More Reserve Currencies Would Make for Stronger Financial System (WSJ)
- Dead-of-Night Reversal Puts Brazil Impeachment Back on Track (BBG)
On May 7th, Deutsche Wirtschafts Nachrichten, or German Economic News, headlined, "USA planen mit TTIP Frontal-Angriff auf Gerichte in Europa” or “U.S. Plans Frontal Attack on Europe’s Courts via TTIP,” and reported that, “America’s urgency to sign TTIP with Europe has solid reason: Megabanks must protect themselves from claims by European investors who allege that they were cheated during the debt crisis. … The U.S. Ambassador to Italy has now let the cat out of the bag on this — probably unintentionally.”
An Army captain filed suit against President Obama on Wednesday, claiming that the president is engaged in an “illegal war” against the Islamic State in Iraq and Syria. Nathan Michael Smith, who is deployed to Kuwait as an intelligence officer at Camp Arifjan, argues in the lawsuit that the president lacks the proper authorization for his campaign against the Islamic State, also known as ISIS, because he failed to get congressional authorization under the War Powers Resolution of 1973.
Last week, the Global Challenges Foundation released a new report entitled “Global Catastrophic Risks 2016” in which they discussed various apocalyptic events that they believe could wipe out more than 10 percent of the population of our planet, and they warned that these types of events “are more likely than we intuitively think”...