Obama Administration

Pompeo: Iran "Ransom" Payment Is Obama’s Iran-Contra Scandal

“Reports of the U.S. paying Iran $400 million in pallets of cash, using other currencies in order to circumvent American law, is something of Hollywood films—and is reminiscent of the Iran Contra scandal,” Rep. Mike Pompeo said in statement. “Have we not learned we cannot trust the world’s largest state sponsor of terrorism?”

Frontrunning: August 3

  • European bank rebound not enough to save world stocks from further losses (Reuters)
  • Republican rift widens as Trump declines to endorse Ryan, McCain (Reuters)
  • New Rough Patch for Trump Campaign Roils Republicans as Defections Grow (WSJ)
  • Obama says Trump unfit to be president (FT)
  • World’s Largest Oil Hedge Set to Make Billions for Mexican State (BBG)

White House Caught Secretly Airlifting $1.7 Billion US Taxpayer Cash To Tehran To Ensure Iran Nuclear Accord Success

What Donald Trump has proclaimed the worst deal ever made, may just have become worst-er. The shocking truth behind the US-Iran nuclear deal, as WSJ reports, is the Obama Administration airlifted $1.7bn of cash in 'compromise' payments (read - bribe) to Tehran to ensure the release of 4 captured sailors coincidentally the same weekend as the signing of the nuclear deal.

US Begins Upgrading Its Nuclear Bomb Arsenal

Obama has given the go-ahead for work to begin on upgrading the B61 airborne nuclear bomb, as the Pentagon is eager to embark on a multi-billion-dollar scheme to improve the US nuclear arsenal. The decision by the NNSA authorized the program to enter a post-engineering phase, which comes after four years of work. As a result, the first upgraded bombs are set to roll out by 2020. The B61 has been the principal US airborne nuclear bomb since 1968, when the first version was commissioned

Why The IRS Is Probing The Clinton Foundation

"Clinton Cash" author, Peter Schweizer, recently took to the airwaves to explain why the IRS investigation of the Clinton Foundation should be a "Big Deal" and why the State of Kuwait, Dubai Foundation, Friends of Saudi Arabia, United Arab Emirates, The Government of Brunei Darussalam and The Sultanate of Oman are all contributors...must be the programs advocating for full and equal "participation of girls and women in the 21st century"...but that's just our guess.

Michael Hudson: Obama Said Hillary Will Continue His Legacy – And Indeed She Will!

Trump is right in saying that there has not really been a recovery for the Rust Belt or for the 99%. Hillary brazens it out by claiming Obama's neoliberal economics have helped wage-earners, despite the debt deflation blocking recovery. She promises to continue his policies (backed by his same campaign funders). That would seem to be a losing strategy for this year's election – unless the Democrats gain control of the electronic voting machines, especially in Ohio.

Another "Smoking Gun" Looms As Hillary Campaign Admits Server Hacked

In the third cyberattack on Democratic Party-related servers, Reuters reports that the computer network used by Democratic presidential candidate Hillary Clinton’s campaign was hacked. This follows hacks of the DNC and the DCCC (the party's fund-raising committee) in the past week. Who to blame this time? Well with US intelligence head Jim Clapper having exclaimed that he was "somewhat taken aback by the hyperventilation [blaming Russia]" by Democratic surrogates, we suspect another scapegoat will need to be found.

17,359 Americans Have Renounced Citizenship Under Barack Obama

Another 508 people renounced their US citizenship last quarter according to documents published this morning by the Internal Revenue Service. This brings the total number of US ‘renunciants’ under the Obama administration to 17,359.

The Real Motive Behind Al-Nusra "Split" From Al Qaeda

The purpose behind this rebranding of al-Nusra Front seems to be to legitimize itself and make it easier for its patrons to send money and arms. The US blacklisted al-Nusra Front in December 2012 and pressurized Saudi Arabia and Turkey to ban it too. Though, al-Nusra Front’s name has been in the list of proscribed organizations of Saudi Arabia and Turkey since 2014, but it kept receiving money and arms from Saudi Arabia.

Hillary Clinton Is In Deep Trouble: "Hordes Of Wall Street Executives" Descend Upon Philly

We believe Hillary Clinton lost the Presidency this past week. While the explosive DNC leaks will undoubtably have a long lasting effect, this post will barely reference the leaks. Rather, it will explain how recent decisions by the Hillary campaign played right into Trump’s hands by essentially waving a gigantic middle finger to the 73% of Americans who think the country is headed in the wrong direction.