http://www.zerohedge.com/fullrss2.xml/feeds.feedburner.com/~r/zerohedge/feed/~4/ZWg3DhGylFA/trackback en Weekend Reading: You Have Been Warned http://www.zerohedge.com/news/2017-11-17/weekend-reading-you-have-been-warned <p><a href="https://realinvestmentadvice.com/weekend-reading-you-have-been-warned/"><em>Authored by Lance Roberts via RealInvestmentAdvice.com,</em></a></p> <p><strong>Investors aren&rsquo;t paying attention.</strong></p> <p><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod7.jpg" style="width: 599px; height: 306px;" /></p> <p><strong>There is an important picture that is currently developing which, if it continues, will impact earnings and ultimately the stock market.</strong> Let&rsquo;s take a look at some interesting economic numbers out this past week.</p> <p>On Tuesday, we saw the release of the Producer Price Index (PPI) which <strong>ROSE 0.4%</strong> for the month following a similar rise of 0.4% last month. This surge in prices was NOT surprising given the recent devastation from 3-hurricanes and massive wildfires in California which led to a temporary surge in demand for products and services.</p> <p><a href="http://realinvestmentadvice.com/wp-content/uploads/2017/11/ppi-mom-111517.gif"><img class="alignnone size-full wp-image-25592" src="http://realinvestmentadvice.com/wp-content/uploads/2017/11/ppi-mom-111517.gif" style="width: 599px; height: 363px;" /></a></p> <p>Then on Wednesday, the Consumer Price Index (CPI) was released which showed only a small <strong><span style="color: #000000;">0.1%</span> increase</strong> falling sharply from the 0.5% increase last month.</p> <p><a href="http://realinvestmentadvice.com/wp-content/uploads/2017/11/cpi-mom-111517.gif"><img class="alignnone size-full wp-image-25593" src="http://realinvestmentadvice.com/wp-content/uploads/2017/11/cpi-mom-111517.gif" style="width: 599px; height: 363px;" /></a></p> <p>This deflationary pressure further showed up on Thursday with a <strong><span style="color: #ff0000;">-0.3</span></strong> decline in Export prices. <em>(Exports make up about 40% of corporate profits)</em></p> <p><strong>For all of you that continue to insist this is an <em>&ldquo;earnings-driven market,&rdquo;</em> you should pay very close attention to those three data points above.</strong></p> <p>When companies have higher input costs in their production they have two choices: 1) <em>&ldquo;pass along&rdquo;</em> those price increase to their customers; or 2) absorb those costs internally. If a company opts to <em>&ldquo;pass along&rdquo;</em> those costs then we should have seen CPI rise more strongly. <strong>Since that didn&rsquo;t happen, it suggests companies are unable to <em>&ldquo;pass along&rdquo;</em> those costs which means a reduction in earnings.</strong></p> <p>The other BIG report released on Wednesday tells you WHY companies have been unable to <em>&ldquo;pass along&rdquo;</em> those increased costs. <strong>The <em>&ldquo;retail sales&rdquo;</em> report came in at just a 0.1% increase for the month.</strong> After a large jump in retail sales last month, as was expected following the hurricanes, there should have been some subsequent follow through last month. There simply wasn&rsquo;t.</p> <p><strong>More importantly, despite annual hopes by the National Retail Federation of surging holiday spending which is consistently over-estimated, the recent surge in consumer debt without a subsequent increase in consumer spending shows the financial distress faced by a vast majority of consumers.</strong> The first chart below shows a record gap between the standard cost of living and the debt required to finance that cost of living. Prior to 2000, debt was able to support a rising standard of living, which is no longer the case currently.</p> <p><a href="http://realinvestmentadvice.com/wp-content/uploads/2017/11/Gap-DPI-RealCostOfLiving-Debt-111417.png"><img class="alignnone size-full wp-image-25596" src="http://realinvestmentadvice.com/wp-content/uploads/2017/11/Gap-DPI-RealCostOfLiving-Debt-111417.png" style="width: 600px; height: 307px;" /></a></p> <p><strong>With a current shortfall of $18,176 between the standard of living and real disposable incomes, debt is only able to cover about 2/3rds of the difference with a net shortfall of $6,605.</strong> This explains the reason why <em>&ldquo;control purchases&rdquo;</em> by individuals<em> (those items individuals buy most often)</em> is running at levels more normally consistent with recessions rather than economic expansions.</p> <p><a href="http://realinvestmentadvice.com/wp-content/uploads/2017/11/Retail-Sales-ControlPurchases-111417.png"><img class="alignnone size-full wp-image-25597" src="http://realinvestmentadvice.com/wp-content/uploads/2017/11/Retail-Sales-ControlPurchases-111417.png" style="width: 601px; height: 380px;" /></a></p> <p><strong>If companies are unable to pass along rising production costs to consumers, export prices are falling and consumer demand remains weak, be warned of continued weakness in earnings reports in the months ahead.</strong> As <a href="https://realinvestmentadvice.com/weekend-reading-oil-retail-send-a-warning/" rel="noopener" target="_blank">I stated earlier this year,</a> the recovery in earnings this year was solely a function of the recovering energy sector due to higher oil prices. With that tailwind now firmly behind us, the risk to earnings in the year ahead is dangerous to a market basing its current <em>&ldquo;overvaluation&rdquo;</em> on the <em>&ldquo;strong earnings&rdquo;</em> story.</p> <p><strong>Don&rsquo;t say you weren&rsquo;t warned.</strong></p> <div class="entry-content"> <p>In the meantime, here is your weekend reading list.</p> <hr /> <h2><strong>Trump, Economy &amp; Fed</strong></h2> <ul> <li><strong><span style="color: #ff0000;">Don&rsquo;t Rely On Consumers For Growth</span>&nbsp;</strong><a href="https://www.bloomberg.com/view/articles/2017-10-18/don-t-rely-on-u-s-consumers-to-power-global-growth" rel="noopener" target="_blank">by Danielle Dimartino-Booth via Bloomberg</a></li> <li><strong>What History Teaches About Interest Rates&nbsp;</strong><a href="https://dailyreckoning.com/history-teaches-interest-rates/" rel="noopener" target="_blank">by Brian Maher via The Daily Reckoning</a></li> <li><strong>The Deeper Purpose Of Trump&rsquo;s Asia Trip </strong><a href="https://dailyreckoning.com/the-deeper-purpose-of-trumps-asia-trip/" rel="noopener" target="_blank">by James Rickards Via Daily Reckoning</a></li> <li><strong>Senate Tax Bill Hides $500 Billion In Gimmicks&nbsp;</strong><a href="http://www.crfb.org/blogs/new-senate-tax-bill-hides-over-500-billion-gimmicks" rel="noopener" target="_blank">by Committee For A Responsible Federal Budget</a></li> <li><strong>Which Companies Spend Most On Lobbyists&nbsp;</strong><a href="https://money.usnews.com/investing/investing-101/slideshows/which-companies-spend-the-most-on-lobbyists" rel="noopener" target="_blank">by Simon Constable via Forbes</a></li> <li><strong>Tax Code: Repeal &amp; Replace It&nbsp;</strong><a href="http://www.nationalreview.com/article/453648/republican-tax-code-repeal-replace-it" rel="noopener" target="_blank">by George Will via National Review</a></li> <li><strong><span style="color: #ff0000;">The Moment Cohn Realized He&rsquo;s Wrong</span>&nbsp;</strong><a href="http://www.zerohedge.com/news/2017-11-15/moment-gary-cohn-realized-his-entire-economic-policy-disaster" rel="noopener" target="_blank">by Tyler Durden via ZeroHedge</a></li> <li><strong>Gary Cohn Fails Massively With Tax Plan&nbsp;</strong><a href="http://nymag.com/daily/intelligencer/2017/11/cohn-big-ceos-most-excited-group-about-trump-tax-plan.html" rel="noopener" target="_blank">by Jonathan Chait via New York Magazine</a></li> <li><strong>Paradise Papers Show How Misguided Tax Plan Is&nbsp;</strong><a href="https://www.nytimes.com/2017/11/12/opinion/paradise-papers-republicans-taxes.html?mtrref=t.co&amp;assetType=opinion" rel="noopener" target="_blank">by Bryce Covert via NYT</a></li> <li><strong>Senate Tax Bill Could Increase Taxes On The Middle Class&nbsp;</strong><a href="http://www.businessinsider.com/trump-gop-tax-plan-poor-rich-cut-benefit-2017-11" rel="noopener" target="_blank">by Bob Bryan via BI</a></li> <li><strong>I&rsquo;m Conservative, Here&rsquo;s 3-Flaws With Tax Plan</strong> <a href="https://www.usatoday.com/story/opinion/nation-now/2017/11/14/gop-tax-plan-has-3-major-flaws-from-conservative-perspective-robert-robb-column/858857001/" rel="noopener" target="_blank">by Robert Robb via Arizona Republic</a></li> <li><strong>Making A Tax Cut Affordable&nbsp;</strong><a href="https://www.washingtontimes.com/news/2017/nov/13/making-a-tax-cut-affordable/" rel="noopener" target="_blank">by Richard Rahn via Washington Times</a></li> <li><strong>Republican Tax Plan Will Make Economy Worse&nbsp;</strong><a href="https://www.usatoday.com/story/opinion/2017/11/13/gop-tax-plan-wont-unleash-economic-growth-will-make-things-worse-jared-bernstein-column/856462001/" rel="noopener" target="_blank">by Jared Bernstein via NYT</a></li> <li><strong>Jack Kemp, Tax Cuts &amp; The World&nbsp;</strong><a href="https://www.forbes.com/sites/ralphbenko/2017/11/13/jack-kemp-tax-reform-and-the-way-the-world-works/#3bcab3e37ddc" rel="noopener" target="_blank">by Ralph Benko via Forbes</a></li> <li><span style="color: #ff0000;"><strong>Not Much Evidence Tax Cuts Boost Wages</strong></span> <a href="http://www.realclearmarkets.com/articles/2017/11/16/not_much_evidence_that_a_corporate_tax_cut_boosts_wages_102989.html" rel="noopener" target="_blank">by Marc Chandler via Real Clear Markets</a></li> <li><strong>How Corporations &amp; Super Rich Avoid Taxes&nbsp;</strong><a href="https://www.nytimes.com/interactive/2017/11/10/opinion/gabriel-zucman-paradise-papers-tax-evasion.html?rref=collection%2Fsectioncollection%2Fopinion&amp;action=click&amp;contentCollection=opinion&amp;region=rank&amp;module=package&amp;version=highlights&amp;contentPlacement" rel="noopener" target="_blank">by Gabriel Zucman via NYT</a></li> <li><strong><span style="color: #ff0000;">Consumers Are Confident &amp; Broke</span>&nbsp;</strong><a href="https://dollarcollapse.com/stock-prices/last-time-happened-part-2-consumers-confident-broke/" rel="noopener" target="_blank">by John Rubino via DollarCollapse.com</a></li> </ul> <hr /></div> <h2><strong>VIDEO &ndash; It&rsquo;s A Turkey Market</strong></h2> <p><iframe width="560" height="315" src="https://www.youtube.com/embed/VS_uE6S1eFQ" frameborder="0" allowfullscreen></iframe></p> <hr /> <h2><strong>Markets</strong></h2> <ul> <li><strong>Bonds Are From Venus, Stocks From Mars&nbsp;</strong><a href="https://www.marketwatch.com/story/bonds-are-from-venus-stocks-are-from-mars-2017-11-14">by Caroline Baum via MarketWatch</a></li> <li><strong>Hindenburg Meets The Titanic&nbsp;</strong><a href="http://www.businessinsider.com/stock-market-news-hindenburg-titanic-signals-first-time-since-financial-crisis-2017-11" rel="noopener" target="_blank">by Joe Ciolli via BI</a></li> <li><strong>Deutsche Bank: Sell Off In Junk May Not Be Bad Thing</strong> <a href="https://www.marketwatch.com/story/a-selloff-in-junk-bonds-may-not-spark-a-crash-or-a-recession-says-deutsche-bank-2017-11-15" rel="noopener" target="_blank">by Mark Decambre via MarketWatch</a></li> <li><span style="color: #ff0000;"><strong>The 12-Point List To Identify Value Traps</strong></span><strong>&nbsp;</strong><a href="https://datatrekresearch.com/" rel="noopener" target="_blank">by Nick Colas via Datatrek Research</a></li> <li><strong>Advisors Role In Retirement Advice&nbsp;</strong><a href="https://seekingalpha.com/article/4124651-advisors-role-retirement-advice-financial-advisors-daily-digest" rel="noopener" target="_blank">by SA Gil Weinreich via Seeking Alpha</a></li> <li><strong>Back In A Bubble, But This Time Is Different&nbsp;</strong><a href="https://www.ft.com/content/f5009470-c551-11e7-a1d2-6786f39ef675" rel="noopener" target="_blank">by Martin Wolf via FT</a></li> <li><strong>A Big Stock Buyer Has Stopped Buying&nbsp;</strong><a href="https://www.themacrotourist.com/posts/2017/11/13/gpif/" rel="noopener" target="_blank">by Kevin Muir via The Macro Tourist</a></li> <li><strong>A Lesson Of Confidence&nbsp;</strong><a href="https://www.nytimes.com/2017/11/14/business/dealbook/navigating-global-economic-change.html" rel="noopener" target="_blank">by Andrew Ross-Sorkin via NY Times</a></li> <li><strong>A Serious Bear Market May Be On Us&nbsp;</strong><a href="http://www.marketwatch.com/story/this-could-be-the-start-of-a-bear-market-of-serious-vintage-warns-dennis-gartman-2017-11-15" rel="noopener" target="_blank">by Shawn Langlois via MarketWatch</a></li> <li><strong>Market Not Ready To Surrender&nbsp;</strong><a href="http://www.barrons.com/articles/this-market-isnt-ready-to-surrender-1510781142" rel="noopener" target="_blank">by Michael Kahn via Barron&rsquo;s</a></li> <li><strong>Yield Curve Not Buying It&nbsp;</strong><a href="https://www.tcw.com/en/Insights/Economics/11-03-17_Trading_Secrets" rel="noopener" target="_blank">by Tad Rivelle via Trust Co Of The West</a></li> <li><strong>A Little Knowledge Is Dangerous&nbsp;</strong><a href="https://ofdollarsanddata.com/a-little-knowledge-is-dangerous-8b158566e094" rel="noopener" target="_blank">by Nick Maggiulli via Dollars and Data</a></li> <li><strong>Is Shiller Right? Is Passive Investing Dangerous?&nbsp;</strong><a href="https://www.pragcap.com/is-robert-shiller-right-that-passive-investing-is-dangerous/" rel="noopener" target="_blank">by Cullen Roche via PragCap</a></li> <li><strong>Market Undergoing A Big Change&nbsp;</strong><a href="https://www.marketwatch.com/story/beneath-a-calm-surface-the-stock-market-is-undergoing-a-major-change-2017-11-15" rel="noopener" target="_blank">by Ryan Vlastelica via MarketWatch</a></li> <li><strong>Keep Calm &amp; Carry On&nbsp;</strong><a href="https://realinvestmentadvice.com/keep-calm-and-carry-on/" rel="noopener" target="_blank">by Michael Lebowitz via RIA</a></li> <li><strong>Or, Would You Rather Be A Bear&nbsp;</strong><a href="https://realinvestmentadvice.com/or-would-you-rather-be-a-bear/" rel="noopener" target="_blank">by Doug Kass via RIA</a></li> </ul> <hr /> <h2>Research&nbsp;/ Interesting&nbsp;Reads</h2> <ul> <li><strong>Predatory P2P Loans &amp; Delinquencies&nbsp;</strong><a href="https://wolfstreet.com/2017/11/13/p2p-loans-are-predatory-have-delinquency-characteristics-of-pre-2007-subprime-mortgages-could-impact-financial-stability-cleveland-fed/" rel="noopener" target="_blank">by Wolf Richter via Wolf Street</a></li> <li><span style="color: #ff0000;"><strong><span style="color: #000000;">Complete Idiot&rsquo;s Guide To China Risks</span>&nbsp;</strong></span><a href="http://www.zerohedge.com/news/2017-11-15/complete-idiots-guide-biggest-risks-china" rel="noopener" target="_blank">by Tyler Durden via ZeroHedge</a></li> <li><strong>This Indicator Bombed In 2016&nbsp;</strong><a href="https://www.marketwatch.com/story/this-popular-composite-stock-market-indicator-bombed-in-2016-2016-12-31" rel="noopener" target="_blank">by Simon Maierhofer via MarketWatch</a></li> <li><strong>Is Da Vinci&rsquo;s &ldquo;Salvator Mundi&rdquo; Worth $450 Million&nbsp;</strong><a href="https://blogs.wsj.com/moneybeat/2017/11/16/is-da-vincis-salvator-mundi-worth-450-million-or-454680/?reflink=e2twmkts" rel="noopener" target="_blank">by Jason Zweig via WSJ</a></li> <li><strong>Sovereign Wealth Fund Wants To Dump Oil Stocks&nbsp;</strong><a href="http://www.businessinsider.com/government-pension-fund-of-norway-wants-to-dump-oil-and-gas-stocks-2017-11" rel="noopener" target="_blank">by Gwladys Fouche via Reuters</a></li> <li><strong>U.S. Entry Into WWI Was A Disaster&nbsp;</strong><a href="https://dailyreckoning.com/u-s-entry-world-war-disaster/" rel="noopener" target="_blank">by David Stockman via Daily Reckoning</a></li> <li><strong>Central Banks Have Done What They Are Good At&nbsp;</strong><a href="http://www.alhambrapartners.com/2017/11/14/what-central-banks-have-done-is-what-theyre-actually-good-at/" rel="noopener" target="_blank">by Jeffrey Snider via Alhambra Partners</a></li> <li><strong>Money Moves To Make By Year End&nbsp;</strong><a href="https://www.usatoday.com/story/money/personalfinance/retirement/2017/11/12/5-money-moves-retirees-should-make-before-the-end-of-the-year/107459016/" rel="noopener" target="_blank">by Dan Caplinger via Motley Fool</a></li> <li><strong>Should Retirees Use Robo-Advisors&nbsp;</strong><a href="https://www.wsj.com/articles/should-retirees-use-robo-advisers-1510542782" rel="noopener" target="_blank">by Anne Tergesen via WSJ</a></li> <li><strong>Hindenburgs &amp; Titanics&nbsp;</strong><a href="https://www.hussmanfunds.com/comment/observations/obs171114/" rel="noopener" target="_blank">by John Hussman via Hussman Funds</a></li> <li><strong>Russell&rsquo;s Record Run Of Resilience&nbsp;</strong><a href="http://jlfmi.tumblr.com/post/167564297260/the-russells-record-run-of-resilience" rel="noopener" target="_blank">by Dana Lyons via The Lyons Share</a></li> <li><strong>The Flames Went Higher&nbsp;</strong><a href="https://thefelderreport.com/2017/11/16/the-flames-went-higher/" rel="noopener" target="_blank">by&nbsp;Jesse Felder via The Felder Report</a></li> </ul> <hr /> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div> <p><span style="color: #993300;"><strong><em>&ldquo;The only function of economic forecasting is to make astrology look respectable.</em><em>&rdquo; &ndash; </em></strong><em>Sir John Templeton</em></span></p> </blockquote> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="709" height="362" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20171117_eod7.jpg?1510948029" /> </div> </div> </div> http://www.zerohedge.com/news/2017-11-17/weekend-reading-you-have-been-warned#comments Bear Market Business China Consumer Price Consumer price index CPI Doug Kass Economy John Hussman Mars National Retail Federation P2P Price indices Producer Price recovery Tax Turkey Tyler Durden US Federal Reserve Value-added tax Fri, 17 Nov 2017 21:25:00 +0000 Tyler Durden 607486 at http://www.zerohedge.com Gold Gains As Stocks Slide, Yield Curve Crashes, & Dollar Dumps http://www.zerohedge.com/news/2017-11-17/gold-gains-stocks-slide-yield-curve-crashes-dollar-dumps <p>Economic Data continues to surprise to the upside (compared to what had been terrible expectations)...is this as good as it gets?</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod15.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod15_0.jpg" style="width: 600px; height: 315px;" /></a></p> <p>But credit, the yield curve, and now stocks are not loving it...</p> <p><iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/92i5m3tV5XY" width="560"></iframe></p> <p>&nbsp;</p> <p>Small Caps were the only major index green today...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod21.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod21_0.jpg" style="width: 600px; height: 329px;" /></a></p> <p>&nbsp;</p> <p>The Dow and S&amp;P 500- fell for the 2nd week in a row - something they haven&#39;t done for 3 months...Small Caps best on the week (followed by Nasdaq thanks to yesterday&#39;s panic buy)...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod20.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod20_0.jpg" style="width: 600px; height: 329px;" /></a></p> <p>&nbsp;</p> <p>Futures show the crazy moves this week better..</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod16.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod16_0.jpg" style="width: 600px; height: 395px;" /></a></p> <p>&nbsp;</p> <p>VIX was slammed late on today in a desperat ebid to get the S&amp;P green on the week...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod19.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod19_0.jpg" style="width: 600px; height: 332px;" /></a></p> <p>&nbsp;</p> <p>But while stocks rebounded briefly, FX carry wasn&#39;t...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod9.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod9_0.jpg" style="width: 600px; height: 319px;" /></a></p> <p>&nbsp;</p> <p>And nor was the bond market...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod10.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod10_0.jpg" style="width: 600px; height: 312px;" /></a></p> <p>&nbsp;</p> <p>Big week for tax-related stocks...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod17.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod17_0.jpg" style="width: 600px; height: 316px;" /></a></p> <p>&nbsp;</p> <p>SFIX went public today at $15...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod12.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod12_0.jpg" style="width: 600px; height: 392px;" /></a></p> <p>&nbsp;</p> <p>While US HY bond prices ended the week higher (thanks to yesterday&#39;s melt up)...but still remains well below its 200DMA...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod18.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod18_0.jpg" style="width: 600px; height: 383px;" /></a></p> <p>&nbsp;</p> <p>US HY spreads rose for the 4th week in a row...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod3.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod3_0.jpg" style="width: 600px; height: 314px;" /></a></p> <p>&nbsp;</p> <p>European HY Fund assets crashed to their lowest since June 2016...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod1.jpg"><img height="270" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod1_0.jpg" width="600" /></a></p> <p>&nbsp;</p> <p>Treasuries were mixed on the week with the front-end higher in yield and back-end lower....</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod13.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod13_0.jpg" style="width: 600px; height: 318px;" /></a></p> <p>&nbsp;</p> <p>The US Treasury yield curve crashed almost 10bps this week - the biggest flattening since Dec 2016 to its flattest since Nov 2007</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod2.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod2_0.jpg" style="width: 600px; height: 299px;" /></a></p> <p>&nbsp;</p> <p><strong>Note that is the flattest 2s10s since Oct 2007... The last 3 times it was this flat, the US economy was in recession...</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod11.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod11_0.jpg" style="width: 600px; height: 315px;" /></a></p> <p>&nbsp;</p> <p>The Dollar Index had its worst week in over 2 months, dropping to 1-month lows... (this is also the first consective weekly decline in the dollar index since July)</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod8.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod8_0.jpg" style="width: 600px; height: 316px;" /></a></p> <p>&nbsp;</p> <p>Yen and Euro strength weighed the most on the dollar this week... (AUD and CAD were weaker as oil slipped)</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod14.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod14_0.jpg" style="width: 600px; height: 314px;" /></a></p> <p>&nbsp;</p> <p>USDJPY was clubbed like a baby seal this week (worst in 2 months) - (today was USDJPY&#39;s worst drop since May). It seems 114.000 to 112.00 is the corridor...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod6.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod6_0.jpg" style="width: 600px; height: 317px;" /></a></p> <p>&nbsp;</p> <p>Gold had its best week in over a month, surging back above its 50DMA towards the $1300 level...</p> <p>GOLD</p> <p>&nbsp;</p> <p>Bitcoin had another big week - getting as close to $8000 as possible... (up 45% from its lows last weekend)...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod4.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod4_0.jpg" style="width: 600px; height: 315px;" /></a></p> <p>&nbsp;</p> <p>Finally, we note that in the weeks since MbS launched his &#39;corruption&#39; crackdown in Saudi Arabia, only one asset has really shone...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod5.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_eod5_0.jpg" style="width: 600px; height: 392px;" /></a></p> <p>&nbsp;</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="600" height="56" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20171117_eod.jpg?1510951291" /> </div> </div> </div> http://www.zerohedge.com/news/2017-11-17/gold-gains-stocks-slide-yield-curve-crashes-dollar-dumps#comments 2s10s 2s10s 2s10s. Bitcoin Bond Bond Business CAD Corruption Dow 30 Economy European HY Fund Finance Fixed income Money NASDAQ Recession S&P S&P 500 Saudi Arabia Technical analysis U.S. Treasury VIX Yen Yield Yield Curve Yield curve Fri, 17 Nov 2017 21:03:48 +0000 Tyler Durden 607490 at http://www.zerohedge.com Report: FBI Informant Has Video Of Russian Agents With Briefcases Of Bribe Money In Clinton-Uranium Scandal http://www.zerohedge.com/news/2017-11-17/report-fbi-informant-has-video-russian-agents-briefcases-bribe-money-clinton-uranium <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 16px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><em><span style="margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; color: #000000; text-transform: none; line-height: inherit; text-indent: 0px; letter-spacing: normal; font-family: lucida_granderegular, Verdana, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; word-spacing: 0px; vertical-align: baseline; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; font-stretch: inherit; text-decoration-style: initial; text-decoration-color: initial;">Content originally published at&nbsp;</span><span style="font: inherit; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; color: #1e439a; text-transform: none; text-indent: 0px; letter-spacing: normal; text-decoration: underline; word-spacing: 0px; vertical-align: baseline; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; font-stretch: inherit;"><a style="margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; color: #1e439a; line-height: 1.2; font-family: lucida_granderegular, Verdana, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; text-decoration: none; vertical-align: baseline; box-sizing: border-box; font-stretch: inherit;" href="http://ibankcoin.com/" target="_blank">iBankCoin.com</a></span></em></p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 16px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><a style="text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal;" href="https://ibankcoin.com/zeropointnow/files/2017/11/the-briefcase.jpg"><img width="300" class="alignright size-medium wp-image-12636" style="margin: 0.5em 0px 0.5em 1em; outline: #72777c solid 1px; height: auto; float: right; max-width: 100%; resize: none;" src="https://ibankcoin.com/zeropointnow/files/2017/11/the-briefcase-300x174.jpg" height="174" /></a>An undercover FBI informant in the Russian nuclear industry who was made to sign an “illegal NDA” by former AG Loretta Lynch, claims to have video&nbsp;evidence showing Russian agents with&nbsp;briefcases full of bribe money related to the controversial Uranium One deal – according to<span>&nbsp;</span><em style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">The Hill</em><span>&nbsp;</span>investigative journalist John Solomon and<span>&nbsp;</span><em style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">Circa</em>‘s Sara Carter.</p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 16px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;">The informant, whose identity was revealed by Reuters as energy industry consultant William D. Campbell – and is very ill battling cancer –&nbsp; is testifying before congress next week after the NDA which carried the threat of prison time<strong>&nbsp;<a style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; transition: 0.2s ease-in-out; border-image: none; color: #00a3cc; text-decoration: none; box-sizing: border-box;" rel="noopener noreferrer" href="http://ibankcoin.com/zeropointnow/2017/10/24/fbi-informant-silenced-by-obama-ag-signed-illegal-nda-on-russia-uranium-scandal-atty-says/#sthash.GhxxA2QN.dpbs" target="_blank">was lifted</a></strong>.</p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 16px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">As previously reported</strong>,&nbsp;Campbell&nbsp;was deeply embedded in the Russian nuclear industry where he gathered extensive evidence of&nbsp;a racketeering scheme involving bribes and kickbacks.</p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 16px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;">“<strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">The Russians were compromising American contractors in the nuclear industry with kickbacks and extortion threats, all of which raised legitimate national security concerns</strong>. And&nbsp;<strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">none of that evidence got aired before the Obama administration made those decisions</strong>,” a person who worked on the case told The Hill, speaking on condition of anonymity for fear of retribution by U.S. or Russian officials. –<a style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; transition: 0.2s ease-in-out; border-image: none; color: #00a3cc; text-decoration: none; box-sizing: border-box;" rel="noopener noreferrer" href="http://thehill.com/policy/national-security/355749-fbi-uncovered-russian-bribery-plot-before-obama-administration" target="_blank"><em style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">The Hill</em></a></p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 16px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;">Campbell’s attorney,&nbsp;<strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">former Regan Justice Department official</strong><span>&nbsp;</span>Victoria Toensing, previously<span>&nbsp;</span><a style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; transition: 0.2s ease-in-out; border-image: none; color: #00a3cc; text-decoration: none; box-sizing: border-box;" rel="noopener noreferrer" href="https://youtu.be/yqxxAKX30FE" target="_blank">told<span>&nbsp;</span><em style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">Fox Business</em><span>&nbsp;</span>host&nbsp;Lou Dobbs</a>&nbsp;“<strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">He can tell what all the Russians were talking about during the time that all these bribery payments were made.</strong>”</p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 16px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;">Sara Carter and John Solomon sat down with&nbsp;<em style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">Fox News</em><span>&nbsp;</span>host Sean Hannity to discuss:</p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px 0px 0px 30px; border: 0px currentColor; border-image: none; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 16px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><span style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; color: #0000ff; box-sizing: border-box;">Sarah Carter:&nbsp;</span>He’s very sick and he’s been battling cancer and going chemo. He is in a battle for not only his life, but in a battle against what he perceives as people within the US government that don’t want this story to come out.</p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px 0px 0px 30px; border: 0px currentColor; border-image: none; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 16px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;">But there’s so much information that he is willing to share with the public to set the record straight, and believe me we’re gonna get it out there. He is going to have his say. His voice will be heard.</p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px 0px 0px 30px; border: 0px currentColor; border-image: none; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 16px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><span style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; color: #0000ff; box-sizing: border-box;">Hannity:</span><span>&nbsp;</span>He knew about the bribery, kickbacks, extortion of Putin’s agents in the US?</p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px 0px 0px 30px; border: 0px currentColor; border-image: none; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 16px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><span style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; color: #0000ff; box-sizing: border-box;">Sara Carter:</span><span>&nbsp;</span><strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">Yes, and he will be able to lay that all out for everyone</strong>, and he will do that for Congress. John and I have been working on this for months and months and months.<span>&nbsp;</span><strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">He came to the<span>&nbsp;</span></strong>[Obama]<strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;"><span>&nbsp;</span>DOJ with this information.&nbsp;</strong></p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px 0px 0px 30px; border: 0px currentColor; border-image: none; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 16px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><span style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; color: #0000ff; box-sizing: border-box;">John Solomon:</span><span>&nbsp;</span>He is going to be an extraordinary fact witness because he gathered so much information.<span>&nbsp;</span><strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">There are videotapes where the Russians are opening up briefcases full of cash. These are the people we then gave uranium to, that we then gave nuclear fuel contracts to.&nbsp;</strong></p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px 0px 0px 30px; border: 0px currentColor; border-image: none; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 16px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><span style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; color: #0000ff; box-sizing: border-box;">Hannity:</span><span>&nbsp;</span><strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">This is happening before they sign off on Uranium One?</strong><span>&nbsp;</span>They knew about bribery extortion kickbacks money laundering before? They knew this was Putin and they did it anyway!</p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px 0px 0px 30px; border: 0px currentColor; border-image: none; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 16px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><span style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; color: #0000ff; box-sizing: border-box;">John Solomon:</span>&nbsp;<strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">Yes.&nbsp;The Russians really thought they had played America on this one.&nbsp;</strong></p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 16px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">Watch:&nbsp;</strong></p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 16px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;"><iframe width="560" src="https://www.youtube.com/embed/cO0Lh8gOu5Q" height="315" frameborder="0"></iframe>&nbsp;&nbsp; </strong></p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; text-align: center; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 16px; font-style: normal; font-weight: 400; word-spacing: 0px; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial;"><span style="margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; text-align: center; color: #333333; text-transform: none; line-height: inherit; text-indent: 0px; letter-spacing: normal; font-family: lucida_granderegular, Verdana, sans-serif; font-size: 13px; font-style: normal; font-weight: normal; word-spacing: 0px; vertical-align: baseline; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; font-stretch: inherit; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial; font-variant-numeric: inherit;">Follow on Twitter&nbsp;</span><strong style="margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; text-align: center; color: #333333; text-transform: none; line-height: inherit; text-indent: 0px; letter-spacing: normal; font-family: lucida_granderegular, Verdana, sans-serif; font-size: 13px; font-style: normal; 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border-image: none; color: #0066cc; vertical-align: baseline; box-sizing: border-box; font-stretch: inherit;">@ZeroPointNow</span></span></a></strong><span style="margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; text-align: center; color: #333333; text-transform: none; line-height: inherit; text-indent: 0px; letter-spacing: normal; font-family: lucida_granderegular, Verdana, sans-serif; font-size: 13px; font-style: normal; font-weight: normal; word-spacing: 0px; vertical-align: baseline; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; font-stretch: inherit; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial; font-variant-numeric: inherit;">&nbsp;</span><span style="margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; text-align: center; color: #ff6600; text-transform: none; line-height: inherit; text-indent: 0px; letter-spacing: normal; font-family: lucida_granderegular, Verdana, sans-serif; font-size: 13px; font-style: normal; font-weight: normal; word-spacing: 0px; vertical-align: baseline; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; font-stretch: inherit; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial; font-variant-numeric: inherit;">§&nbsp;</span><span style="margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; text-align: center; color: #333333; text-transform: none; line-height: inherit; text-indent: 0px; letter-spacing: normal; font-family: lucida_granderegular, Verdana, sans-serif; font-size: 13px; font-style: normal; font-weight: normal; word-spacing: 0px; vertical-align: baseline; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; font-stretch: inherit; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; text-decoration-style: initial; text-decoration-color: initial; font-variant-numeric: inherit;">Subscribe to our&nbsp;</span><a style="margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; text-align: center; color: #1e439a; text-transform: none; line-height: 1.2; text-indent: 0px; letter-spacing: normal; font-family: lucida_granderegular, Verdana, sans-serif; font-size: 13px; font-style: normal; font-weight: normal; text-decoration: none; word-spacing: 0px; vertical-align: baseline; white-space: normal; box-sizing: border-box; orphans: 2; widows: 2; font-stretch: inherit; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit;" href="https://www.youtube.com/subscription_center?add_user=ibankcoin" target="_blank"><span style="font: inherit; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; vertical-align: baseline; box-sizing: border-box; font-stretch: inherit; text-decoration-line: underline;"><span style="font: inherit; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; color: #0066cc; vertical-align: baseline; box-sizing: border-box; font-stretch: inherit;"><span style="font: inherit; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; vertical-align: baseline; box-sizing: border-box; font-stretch: inherit;">You<strong style="margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; line-height: inherit; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: bold; vertical-align: baseline; box-sizing: border-box; font-stretch: inherit;">Tube channel</strong></span></span></span></a></p> http://www.zerohedge.com/news/2017-11-17/report-fbi-informant-has-video-russian-agents-briefcases-bribe-money-clinton-uranium#comments Bribery Carter Congress Crime Criminal law Department of Justice DOJ FBI Federal Bureau of Investigation Fox Business Fox News Informant Kickback Law national security None Obama Administration Obama administration Prison Time Racketeering Reuters Sean Hannity Twitter Twitter Uranium US government Victoria Toensing Fri, 17 Nov 2017 20:51:18 +0000 ZeroPointNow 607488 at http://www.zerohedge.com Is It A Bird? A Plane? No, It's A Giant Penis: Navy Apologizes For Pilot's Pornographic Sky-Writing http://www.zerohedge.com/news/2017-11-17/its-bird-its-plane-its-giant-sky-penis-navy-forced-apologize-pilots-creative-sky-dra <p>Residents of Okanogan County, Washington woke up to some rather unusual cloud formations this morning courtesy of a couple of artistic Navy pilots stationed in nearby Whidbey Island.&nbsp; Not surprisingly, the giant sky penis, which was described as the<strong> "most monumental thing to happen in Omak"</strong> by one Twitter user, sparked a wave of hilarious social media responses.</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Some pilots at NAS Whidbey did some sky writing today. ????????&zwj;??<a href="https://t.co/9IsYvkX1za">https://t.co/9IsYvkX1za</a> <a href="https://t.co/Lm7kpMhKpY">pic.twitter.com/Lm7kpMhKpY</a></p> <p>— Adam Gessaman (@adamrg) <a href="https://twitter.com/adamrg/status/931388092149153792?ref_src=twsrc%5Etfw">November 17, 2017</a></p></blockquote> <script src="https://platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en">The most monumental thing to happen in omak. A penis in the sky <a href="https://t.co/SM8k1tNYaj">pic.twitter.com/SM8k1tNYaj</a></p> <p>— Anahi Torres (@anahi_torres_) <a href="https://twitter.com/anahi_torres_/status/931266469869977600?ref_src=twsrc%5Etfw">November 16, 2017</a></p></blockquote> <script src="https://platform.twitter.com/widgets.js"></script><p>A local TV station in Okanogan, County, <a href="http://www.krem.com/news/local/okanogan-county/graphic-obscene-skydrawings-spotted-in-okanogan-co/492496113">KREM-2</a>, reached out to the Navy for a comment on the incident and promptly received the following apology which described the event was<strong> "absolutely unacceptable"</strong> and <strong>"of zero training value"</strong>...which we honestly find incredibly shocking as <strong>we've always lived under the apparently false illusion that if we were to ever find ourselves in a dogfight over the skies of Iraq that a carefully timed "penis maneuver" could be the difference between life and death.</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/2017/11/17/2017.11.17%20-%20Sky%20Penis%20Response.JPG"><img src="http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/2017/11/17/2017.11.17%20-%20Sky%20Penis%20Response_0.JPG" alt="Navy" width="600" height="236" /></a></p> <p>As the<a href="Electronic Attack Squadron 130"> Washington Examiner</a> noted, a subsequent Navy statement identified the sky artists as <strong>members of the "Electronic Attack Squadron 130" who fly the Boeing E/A-18 Growler.</strong></p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>"The Navy apologizes to anyone who was offended by this unacceptable action.&nbsp; The Officers and Sailors of the United States Navy are professionals, held to the highest standards, while serving our nation with pride around world. The actions of this aircrew were wholly unacceptable and antithetical to Navy core values. We have grounded the aircrew and are conducting a thorough investigation - and we will hold those responsible accountable for their actions.</p> <p>&nbsp;</p> <p>The Navy statement, which referred to "a condensed air trail resembling an obscene image to observers on the ground," said the <strong>aviators were flying an E/A-18 Growler assigned to Electronic Attack Squadron 130, which are known as the "Zappers."</strong></p> <p>&nbsp;</p> <p><strong>"An investigation into this flight will be conducted and if appropriate, the aviator(s) responsible will be held accountable," </strong>the statement said.</p> </blockquote> <p>Meanwhile, this guy seems to have high hopes of sparking a Navy/Air Force pornographic sky writing competition...which seems like a truly genius plan, if we understand it correctly.</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Air Force would have drawn boobs. I'm just sayin'<a href="https://t.co/maebvSWGXr">https://t.co/maebvSWGXr</a></p> <p>— Drew (@MasterDroo) <a href="https://twitter.com/MasterDroo/status/931519651816923137?ref_src=twsrc%5Etfw">November 17, 2017</a></p></blockquote> <script src="https://platform.twitter.com/widgets.js"></script> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="620" height="394" alt="" src="http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/2017.11.17%20-%20Sky%20Penis%20Tease_0.jpg?1510948337" /> </div> </div> </div> http://www.zerohedge.com/news/2017-11-17/its-bird-its-plane-its-giant-sky-penis-navy-forced-apologize-pilots-creative-sky-dra#comments Air Force Boeing Electronic Attack Squadron Growler Iraq navy Navy/Air Force Omak, Washington Penis Twitter Twitter United States Navy VAQ-130 Whidbey Whidbey Island Fri, 17 Nov 2017 20:50:00 +0000 Tyler Durden 607485 at http://www.zerohedge.com Zimbabwe: Reports That All Ten Branches Of Mugabe's Zanu PF Party Passed No Confidence Votes http://www.zerohedge.com/news/2017-11-17/zimbabwe-reports-all-ten-branches-mugabes-zanu-pf-party-passed-no-confidence-votes-h <p>NewsDay, the privately-owned Zimbabwe newspaper, is <a href="https://www.newsday.co.zw/2017/11/breaking-mugabe-old-must-go-zanu-pf-provinces/">reporting</a> that<strong> all the provincial branches of President Mugabe&rsquo;s party have passed votes of no confidence in his leadership</strong>.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>In a dramatic twist of events, all the ten Zanu PF provinces have passed a vote of no confidence on President Robert Mugabe, and declared the 93 year-old leader &ndash; who has been in office for 37 years &ndash; too old and incapacitated to lead both Zanu PF and government. The move, which comes at the height of a drama-filled week that saw the military taking control of the country, is a <strong>huge knock on the veteran&rsquo;s leader&rsquo;s prospects of retaining his presidency for much longer.</strong></p> </blockquote> <p>It&rsquo;s not clear where NewsDay got this information, although other sources are saying the central committee of Zanu PF could meet as early as Sunday to decide on Mugabe&rsquo;s fate. In the meantime, <strong>Mugabe is reported to have resisted pressure to step down in negotiations with the Zimbabwe military and could face impeachment.</strong> The possibility of impeachment is being discussed by Zimbabwe politicians who are loyal to Mugabe&rsquo;s former deputy, Emmerson Mnangagwa, whose dismissal precipitated the crisis.</p> <p><strong>The grounds for impeachment might include the wealth accumulated by the Mugabe family, corruption amongst his wife&rsquo;s allies and the collapse of the Zimbabwe economy (now half the size it was in 2000).</strong> According to <a href="https://www.bloomberg.com/news/articles/2017-11-17/zimbabwe-s-mugabe-said-to-risk-impeachment-if-he-doesn-t-quit">Bloomberg</a>.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>Zimbabwean President Robert Mugabe could be impeached if he doesn&rsquo;t bow to pressure to resign, according to four officials close to mediation efforts aimed at ending a political standoff in the southern African nation. The military placed the Mugabe, 93, under house arrest on Wednesday and detained top officials who&rsquo;d backed his wife, Grace, to succeed him. Mugabe has been made aware he could be impeached, but he initially dismissed the possibility, according to the people. He made his first public appearance Friday since the military relaxed restrictions on his movements, attending a university graduation ceremony in Harare and making cursory comments.</p> <p>&nbsp;</p> <p>The impeachment threat was the latest pressure tactic against Mugabe, who has been in power since 1980 and is the world&rsquo;s oldest-serving leader. He&rsquo;s insisted that he remains the country&rsquo;s legally elected chief and refused to quit or to reinstate his fired deputy, Emmerson Mnangagwa. Defense force commander Constantino Chiwenga also has refused to yield ground, according to the officials. They asked not to be identified because they weren&rsquo;t authorized to comment.</p> <p>&nbsp;</p> <p><strong>&ldquo;This is a man who, for nearly four decades did whatever he liked,&rdquo;</strong> said Eldred Masunungure, a political-science professor at the University of Zimbabwe. <strong>&ldquo;We have to understand the psychological trauma this must be for him. But his time is definitely up. It&rsquo;s not about if, but when. He knows with the loss of military support there is no way he can hang on to power.&rdquo;</strong></p> </blockquote> <p>A successful impeachment would require a two thirds majority in both Zimbabwe&rsquo;s houses of parliament, where the session resumes on 21 November 2017. The ruling Zanu PF party has a two-thirds majority in both. However, the party is split into two factions, one supporting Mnangagwa and the other supporting Mugabe&rsquo;s wife. Pictures from the negotiations between Chiwenga and Mugabe were published in the state-controlled Herald newspaper.</p> <p><img height="361" src="http://www.zerohedge.com/sites/default/files/images/user235761/imageroot/2017/11/04/Zim3_0.jpg" width="509" /></p> <p>Father Fidelis Mukonori, a Catholic priest and friend of Mugabe&rsquo;s, is mediating in the talks, while South Africa representatives also attended. Tomorrow, Mugabe&rsquo;s former allies, the war veterans, are hosting a national rally in Harare, where Zimbabweans from various political parties, religions and elsewhere are expected to attend.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user235761/imageroot/2017/11/04/Zim2.png"><img height="519" src="http://www.zerohedge.com/sites/default/files/images/user235761/imageroot/2017/11/04/Zim2_0.png" width="500" /></a></p> <p>The US Embassy in Harare has issued a warning with regards to demonstrations at the weekend.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user235761/imageroot/2017/11/04/Zim1.png"><img height="677" src="http://www.zerohedge.com/sites/default/files/images/user235761/imageroot/2017/11/04/Zim1_0.png" width="500" /></a><br />As CNN <a href="http://edition.cnn.com/2017/11/17/politics/tillerson-zimbabwe-african-ministerial/index.html">reports</a>, the US Secretary of State is appealing for a swift return to democracy.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>Secretary of State Rex Tillerson expressed concern Friday over the apparent military coup in Zimbabwe, urging &quot;a quick return to civilian rule in that country in accordance with their constitution.&quot; </strong></p> <p>&nbsp;</p> <p>Speaking at a ministerial meeting on trade, security and governance in Africa at the State Department, Tillerson told his counterparts from the region, &quot;Zimbabwe has an opportunity to set itself on a new path, one that must include democratic elections and respect for human rights.</p> <p>&nbsp;</p> <p><strong>&quot;Ultimately,&quot; he emphasized, &quot;the people of Zimbabwe must choose their government.&quot;</strong></p> </blockquote> <p>If Mugabe steps aside, voluntarily or forcibly, Emmerson Mnangagwa is likely to lead a transitional government, as Bloomberg explains.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>Mnangagwa, the fired deputy, is a leading contender to head the transitional government, which may include opposition figures, according to the people. Opposition leader Morgan Tsvangirai said he hadn&rsquo;t been approached by the military rulers for talks on a transitional government, adding that he&rsquo;s prepared to hold discussions with them.</p> <p>&nbsp;</p> <p>&ldquo;If we&rsquo;re approached, we&rsquo;ll participate in that, but for now nothing has been initiated,&rdquo; he told reporters Thursday in Harare.</p> <p>&nbsp;</p> <p>&ldquo;It&rsquo;s clear that the Mnangagwa faction needs to get Mugabe to vacate office as soon as possible&rdquo; to keep his faction from regrouping, said Daniel Silke, director of Political Futures Consultancy in Cape Town. &ldquo;The pressure will be on Mugabe to announce his resignation from the top job as soon as possible.&rdquo;</p> </blockquote> <p><strong>But it looks like he&rsquo;s going to make it as difficult as he possibly can for his opponents.</strong></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="1000" height="636" alt="" src="http://www.zerohedge.com/sites/default/files/images/user235761/imageroot/MugabeMugabePresident-Mugabe1.jpg?1510946031" /> </div> </div> </div> http://www.zerohedge.com/news/2017-11-17/zimbabwe-reports-all-ten-branches-mugabes-zanu-pf-party-passed-no-confidence-votes-h#comments Africa Corruption Department of State Emmerson Mnangagwa Grace Mugabe Morgan Tsvangirai Mugabe’s party Newspaper Patriotic Front PF party Politics Rex Tillerson Robert Mugabe SWIFT University of Zimbabwe US embassy in Harare ZANU–PF Zimbabwe Zimbabwe military Zimbabwean general election Fri, 17 Nov 2017 20:35:00 +0000 Tyler Durden 607482 at http://www.zerohedge.com "We Paid A Heavy Price For This Mistake" - Europe To Be Flooded With 2nd Refugee Wave, UN Warns http://www.zerohedge.com/news/2017-11-17/we-paid-heavy-price-mistake-europe-be-flooded-2nd-refugee-wave-un-warns <p>Back in 2015, at the height of Angela Merkel's "open door" admission policy which in addition to granting German entry to over 1 million refugees, many of whom turned out to be radical jihadists and sent her approval rating crashing to the lowest in her career, the German chancellor realized that the great migration wave from the middle east into Central Europe, originally meant to reinvigorate Europe's aging demographics (and prompted <a href="http://www.zerohedge.com/news/2015-10-04/germanys-gdp-expected-jump-15-million-refugees-flood-country">Deutsche Bank to even boost its German GDP forecast</a>), maybe was not such a great idea, and was just not worth the risks and trade offs. </p> <p>And while in the subsequent two years Germany in particular, and Central Europe in general managed to avoid another mass migration wave with most refugees gated either in Turkey or Italy, a second wave of migration into Europe now may be imminent as the situation in refugee camps in Africa and the Middle East is only getting worse, the head of the UN World Food Programme said. He added there is a clear link between hunger and migration. </p> <p>Speaking to German <a href="http://www.zeit.de/2017/47/david-deasley-welternaehrungsprogramm-direktor-hunger">newspaper Die Zeit</a>, the executive director of the UN's World Food Programme, David Beasley, said that living conditions, mostly food distribution, in refugee camps in crisis-affected regions had deteriorated dramatically before the European migrant crisis struck in 2015. </p> <p><strong>“We paid a heavy price for this mistake and I'm afraid we're about to make it once again,” </strong>Beasley believes. According to the UN food chief, while many asylum seekers wanted to stay in their home region, the lack of food has driven them away. “<strong>If they don’t have enough food, they will leave. And many of them would go to Europe,” </strong>Beasley said.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/11/07/refugees.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/11/07/refugees_0.jpg" width="497" height="281" /></a></p> <p>Beasley also warned that while the UN has been seemingly making progress in fighting world hunger over the last 10 years, the number of people suffering hunger worldwide has now dramatically increased again; he added that the food crisis is caused mainly by wars and climate change. Yemen is threatened by famine because Saudi Arabia is blocking the country’s ports, preventing aid deliveries, urging Gulf countries not to stand aside but instead join the food aid program for crisis-stricken regions, Beasley said. </p> <p><strong>A WFP report from March says that some 108 million people across the globe faced “crisis food insecurity or worse,” a dramatic increase from 2015 when the figure was 80 million. </strong>The document says that major food crises were fueled by “conflict, record-high food prices and abnormal weather patterns.”</p> <p>The number of asylum seekers in the EU during the second quarter of 2017 reached 149,000, according to statistical data from Eurostat. The applications mainly came from Syria, Nigeria and Afghanistan. Germany, Italy, France, Greece and the UK account for almost 80 percent of all first-time applicants in the union, the data shows.</p> <p>Of course, for Europe's political oligarchs none of the above social dimensions of the migrant tragedy matters, but one thing does: the chart shown <a href="http://www.zerohedge.com/news/2015-12-10/scariest-chart-angela-merkel">below which demonstrated that as of December 2015</a>, there was a direct correlation between the approval rating of establishment politicians and the migrant flood hitting Europe. </p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/12/Migrant%20arrivals%20Germany%202.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/12/Migrant%20arrivals%20Germany%202_0.jpg" width="501" height="443" /></a></p> <p>If Beasley is right, and Europe is indeed about to be flooded with millions of disgruntled migrants, the anti-establishment wave that brought brexit and countless subsequent tremors, will seem like a walk in the park next to the nationalistic backlash that will soon follow. </p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="600" height="340" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/refugees_1.jpg?1510940867" /> </div> </div> </div> http://www.zerohedge.com/news/2017-11-17/we-paid-heavy-price-mistake-europe-be-flooded-2nd-refugee-wave-un-warns#comments Afghanistan Aftermath of war Asylum seeker Central Europe Cultural globalization Demographics Demography Deutsche Bank European migrant crisis European Union Famine Forced migration France Germany Greece Human geography Human migration Humanitarian aid Hunger Italy Middle East Middle East Newspaper None Politics Population Refugee Refugees Right of asylum Saudi Arabia Social Issues Turkey UN World Food Programme UN's World Food Programme United Nations World Food Programme Fri, 17 Nov 2017 20:20:00 +0000 Tyler Durden 607477 at http://www.zerohedge.com How Uncle Sam Inflates Away Your Life http://www.zerohedge.com/news/2017-11-17/how-uncle-sam-inflates-away-your-life <p><a href="https://economicprism.com/how-uncle-sam-inflates-away-your-life/"><em>Authored by MN Gordon via EconomicPrism.com,</em></a></p> <p><em><strong>&ldquo;Inflation is always and everywhere a monetary phenomenon,&rdquo;</strong></em> once remarked economist and Nobel Prize recipient Milton Friedman. &nbsp;<strong>He likely meant that inflation is the more rapid increase in the supply of money relative to the output of goods and services which money is traded for.</strong></p> <p>As more and more money is issued relative to the output of goods and services in an economy, <strong>the money&rsquo;s watered down and loses value.&nbsp;</strong></p> <p>By this account, price inflation is not in itself rising prices.&nbsp; <strong>Rather, it&rsquo;s the loss of purchasing power resulting from an inflating money supply.</strong></p> <p>Indeed, Friedman offered a shrewd insight.&nbsp; However, he also accompanied it with an opportunist mindset.&nbsp;<strong> Friedman saw promise in the phenomenon of monetary inflation.&nbsp;</strong> Moreover, he saw it as a means to improve human productivity and economic growth.</p> <p><strong>You see, a stable money supply was not good enough for Friedman.</strong>&nbsp; He advocated for moderate levels of monetary growth, and inflation, to perpetually stimulate the economy.&nbsp; <strong><em>By hardwiring consumers with the expectation of higher prices, policy makers could compel a relentless consumer demand.</em></strong></p> <p>This desire to harness and control the inflation phenomenon has infected practically every government economist&rsquo;s brain since the early 1970s.&nbsp;</p> <p><strong>Over the decades they&rsquo;ve somehow come to a consensus that 2 percent price inflation is the idyllic rate for provoking economic nirvana.&nbsp; </strong>The Fed even tinkers with its federal funds rate for the purpose of targeting this magic 2 percent rate of price inflation.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_infl.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_infl.jpg" style="width: 601px; height: 368px;" /></a></p> <h3><u><strong>Shadow Stats</strong></u></h3> <p>On Wednesday the Bureau of Labor Statistics (BLS) published its October Consumer Price Index (CPI) report.&nbsp; <em><strong>According to the government number crunchers, consumer prices are increasing at an annual rate of <a href="https://www.bls.gov/news.release/archives/cpi_11152017.htm">2 percent</a>.&nbsp; Of course, anyone who lives and works in the real world knows prices are rising much faster.</strong></em></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_infl.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_infl1.jpg" style="width: 600px; height: 565px;" /></a></p> <p>For example, John Williams of Shadow Government Statistics calculates the CPI using early-1980s methods.&nbsp; Williams re-creates how the government previously calculated the CPI before they reconfigured their scheme to understate inflation versus common experience.&nbsp;<u><em><strong> By Williams&rsquo; calculations the CPI is increasing at an annual rate of <a href="http://www.shadowstats.com/article/c920">9.8 percent</a>.</strong></em></u></p> <p><u><strong>What price inflation number you believe is up to you.</strong></u>&nbsp; We&rsquo;re merely providing information for your consideration.&nbsp; Are consumer prices rising at 9.8 percent per years, as Williams suggests?&nbsp; Are they rising at 5 percent?&nbsp; Are they going down?</p> <p>We suppose it depends on if you&rsquo;re buying a flannel shirt at Wal-Mart or paying your utility bill.&nbsp; Still, many would agree that, overall, their day to day experience includes price increases far greater than 2 percent per year.</p> <p><strong>If we assume price inflation to be 3 percent per year, that means the purchasing power of your cash drops by 30 percent over a 12 year period.&nbsp;</strong></p> <p>Hence, if you retire at age 62, that means you&rsquo;ll see the purchasing power of each dollar you own decline to $0.70 by age 74.&nbsp; By age 86, your purchasing power will be cut in half.</p> <p><strong>In short, 3 percent annual price inflation reduces each dollar you own to just $0.50 in less than 25 years. &nbsp;Without question, this is a significant loss in purchasing power.&nbsp; </strong></p> <p>What&rsquo;s more, generating consistent investment income to overcome this loss in purchasing power is a tall order.&nbsp; Surely, you can&rsquo;t rely on the government&rsquo;s cost of living adjustments (COLA), which are tied to the CPI, to maintain your living standard.</p> <h3><u><strong>How Uncle Sam Inflates Away Your Life</strong></u></h3> <p>We doubt that the dollar devaluing effects of price inflation is a new concept for you.&nbsp; Most likely you&rsquo;ve heard this many times before.&nbsp; Certainly, you experience it as you go about your business.</p> <p><strong>However, this stealthy destruction of your wealth bears repeating.&nbsp;</strong> The fact is over the course of your retirement half of your life-savings will be covertly confiscated from your bank account.&nbsp; We find this to be wholly intolerable.</p> <p><strong>Remember, your life-savings is just that.&nbsp; It represents your life.&nbsp; </strong>Specifically, it&rsquo;s stored up time you traded a portion of your life to earn.&nbsp; So, too, it&rsquo;s a measure of your financial discipline and ability to save and invest overtime in lieu of supersized spending.</p> <p>When Uncle Sam confiscates your life-savings via the inflation tax something more is happening.&nbsp; <strong>Not only are you being robbed of your money, you&rsquo;re being robbed of your life.&nbsp; Your life&rsquo;s simply inflated away.&nbsp;</strong> Poof!</p> <p>Factor in federal and state income taxes, social security, disability, Medicare, capital gains taxes, outrageous health insurance costs, <a href="https://www.ericpetersautos.com/2017/11/15/udder-runs-dry/">subsidizing luxury electric vehicles and grape flavored soda pop</a>, and a vast array of fees and exactions, <em><strong>it&rsquo;s a miracle you have any money left over at all.</strong></em></p> <p>Alas, what money you somehow manage to hold onto will be inflated away long before you need it most.</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="591" height="362" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20171117_infl.jpg?1510947079" /> </div> </div> </div> http://www.zerohedge.com/news/2017-11-17/how-uncle-sam-inflates-away-your-life#comments BLS Bureau of Labor Statistics Bureau of Labor Statistics Business Consumer price index Consumer Prices CPI Economy Financial economics Inflation John Williams Macroeconomics Medicare Medicare Milton Friedman Milton Friedman Monetary inflation Monetary policy Money Money Supply Money supply Price indices Purchasing Power Real versus nominal value Shadow Stats US Federal Reserve Fri, 17 Nov 2017 20:05:38 +0000 Tyler Durden 607483 at http://www.zerohedge.com Sex, Power, and Consent: How to Interpret the Media Frenzy Around Sexual Assault http://www.zerohedge.com/news/2017-11-17/sex-power-and-consent-how-interpret-media-frenzy-around-sexual-assault <p><a href="http://www.thedailybell.com/news-analysis/sex-power-and-consent-how-to-interpret-the-media-frenzy-around-sexual-assault/">Via The Daily Bell</a></p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">The same media that covered for the rich and powerful is now delighting in throwing them one by one under the sexual assault bus.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">I can’t deny that it is a joy to watch liberal elites like Al Franken and Harvey Weinstein fall from grace.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">But a chill goes down my spine when I think,&nbsp;<em style="box-sizing: border-box; line-height: 24px; padding-bottom: 8px;">but why now?</em>&nbsp;Why has the media suddenly done a complete 180?</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">Don’t get me wrong, it is great to hold sexual predators accountable. But the first thing that doesn’t feel right is “convicting” people in the court of public opinion based only on an accusation.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">Okay, so for people like Weinstein and Spacey, there are enough people coming forward with enough verifiable evidence that they are beyond a reasonable doubt sexual predators. Al Franken posed in a photo that confirms his harassment.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">But could this be the media’s angle? The first step is to accuse all the easy targets. Get the public whipped into a frenzy. Once everyone has the torches and pitchforks, all that will be required is an accusation, and the mob will burn the witches. And at that point, no one will wait to see if the evidence pans out. A simple accusation, true or false will condemn a man and destroy his career.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">Unfortunately, these conditions will make liars and exploiters come out of the woodwork. It’s now trendy to accuse someone, and a consensual one night stand might turn into borderline rape in decades-old retrospect. You will have some people who want attention and money. You will also have some people who simply want to ruin a famous person.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">And you will have elites picking targets in their games of power. Just consider how Julian Assange and Dominique Strauss-Kahn were accused of rape at opportune times to ruin them. Both charges were later dropped. Perhaps today in the witch-hunt mindset, the charges would have been further pursued.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; text-align: center;"><span style="box-sizing: border-box; font-weight: bold;">Is the Media Offering a Solution?</span></p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">It is great that men and women who have been victims of sexual assault and sexual harassment can now come forward and expect mainstream support. It is a serious problem. And just because some will abuse the witch-hunt for their own ends does not mean it is fair to the real victims to ignore or marginalize anyone who comes forward.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">In this sense, it seems like the reporting from the media is beneficial. Most of the cases focus on a disparity of power. It is rich and famous people taking advantage of young fans, their students, aspiring actors, interns, or employees.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">Maybe people with power will think twice. They may think of their careers, their marriages, their future, and decide it’s not worth it to be a creep.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">But doesn’t it also divide society further? It creates suspicion and tension between multiple groups. Men versus women. Rich versus poor. Celebrity versus normie. Politician versus citizen.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">And it is worth noting that many accused have been politicians. Unfortunately, the underlying fabric of a society is woven by politicians. They have the power to pass laws and regulations which drastically alter behavior. People even take cues from their government. Debt-laden governments produce debt-laden citizens.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">Doesn’t that say something about what kind of society these sexual predators have created? It certainly won’t be one based on consent.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; text-align: center;"><span style="box-sizing: border-box; font-weight: bold;">The Solution is Consent.</span></p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">Sounds obvious, right? Sex requires consent at every level.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">But on other subjects besides sex, consent is not held in such high esteem. Consent in general, in every aspect of our lives, should be held as the golden standard. Under these conditions, we will see consent respected in all aspects of life, including sex.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">This is not a new&nbsp;concept.&nbsp;<em style="box-sizing: border-box; line-height: 24px; padding-bottom: 8px;">You’ll know the tree by the fruit it bears</em>. In a society based on consent, fewer people will be taken advantage of sexually.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">The root of the issue is a coercive society. It starts with people&nbsp;<a href="http://www.thedailybell.com/news-analysis/how-government-literally-makes-people-go-insane/" style="box-sizing: border-box; background: 0px 0px; color: #0c5b3c;">wanting their kids to be obedient to authority or elders</a>, without ever explaining why. But obedience is not a virtue. As annoying as it can be for kids to constantly ask why, or assert their own attitudes and desires, this is a good thing. It doesn’t mean giving in to every demand of a child. It means recognizing their autonomy and largely allowing them to make their own decisions.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">I have discussed how&nbsp;<a href="http://www.thedailybell.com/news-analysis/how-government-literally-makes-people-go-insane/" style="box-sizing: border-box; background: 0px 0px; color: #0c5b3c;">a coercive society breeds psychological distress</a>&nbsp;on those forced to act a certain way. But missing was an assessment of the psychological conditions of those who exert the coercion. The actual coercive agents of the state go equally crazy. But they go crazy with power instead of crazy with desperation to be an individual.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">And the rich, powerful, and famous have access to the power of the government. They have access to the same coercion they use against their victims.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">The way the government treats the citizens is the exact same way sexual predators treat their victims.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">There are different levels of manipulation. Some victims are groomed with gifts and kindness. Sometimes the abuser uses intimidation and threats. Sometimes victims are enticed by the promise of being elevated to the position of the abuser, with all the power that comes with it. Sometimes the abuser downright rapes the victims who won’t comply.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">And our political structure is not based on consent.&nbsp;<a href="http://www.thedailybell.com/news-analysis/warning-one-of-these-monopolies-is-going-to-control-you/" style="box-sizing: border-box; background: 0px 0px; color: #0c5b3c;">Democracy</a>&nbsp;is not consent, it is mob rule. It is the will of the majority dominating the will of the minority. Nor does living in a society mean you consent to be governed. It should not be up to victims to flee in the face of a threat. Saying everything the government does is fine because you continue to live in a country is like saying if a victim of sexual assault didn’t want it, they wouldn’t put themselves in that situation.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">But it doesn’t have to be that way. You can have an organized society based on consent. After all, if the government services are truly desired by the people, why do they have to be forced on them? Why do we have to be forced to pay taxes, instead of enticed with a good offer?</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">I am not saying ending the abusive relationship between government and citizen will eliminate sexual violence. I am simply saying it will set a consistent precedent for behavior. By acknowledging that all interactions must be consensual, there would be no double standard. These abusers would not get used to operating without the consent of others.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">Yes, what I am suggesting means a vast restructuring of society. It certainly wouldn’t happen overnight. But as victims begin to stand up to their abusers, it is time all non-consensual relationships are called out for what they are.</p> <p style="box-sizing: border-box; margin-top: 0px; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">If we really want to get to the root of this issue, we will examine the fundamental nature of the relationship between governments and citizens.</p> http://www.zerohedge.com/news/2017-11-17/sex-power-and-consent-how-interpret-media-frenzy-around-sexual-assault#comments Autonomy Behavior Consent Criminology Dominique Strauss-Kahn Human sexuality Laws regarding rape Rape Sex crimes Sexual abuse Sexual assault Sexual violence Social Issues UN Court Violence Fri, 17 Nov 2017 19:52:06 +0000 TDB 607484 at http://www.zerohedge.com A Plurality Of Voters Want Special Counsel To Investigate Clinton And Trump http://www.zerohedge.com/news/2017-11-17/plurality-voters-want-special-counsel-investigate-clinton-and-trump <p>Despite Jeff Sessions&rsquo; surprising insistence during his testimony before the House Judiciary Committee earlier this week that there&rsquo;s &ldquo;no factual basis&rdquo; to appoint a special counsel to investigate actions by Clinton and former FBI Director James Comey, a plurality of voters believe special prosecutors should be investigating both the Clinton and Trump campaigns, according to a recent study that was <a href="http://thehill.com/homenews/administration/360748-poll-plurality-of-voters-want-special-counsels-for-both-campaigns">shared with the Hill.&nbsp; </a></p> <p><strong>The latest Harvard CAPS/Harris survey found that 44 percent of voters surveyed said a special counsel is needed to investigate both campaigns, meanwhile twenty-seven percent said only Trump needs to be investigated, while 21 percent said only Clinton needs to be investigated and nine percent said neither should be investigated. </strong></p> <p>The poll&rsquo;s findings also showed that the number of voters who believe Special Counsel Mueller has found hard evidence of collusion is a paltry 38 percent, while 36 percent say there is no hard evidence yet and 27 percent saying they don&rsquo;t know.</p> <p>Unsurprisingly, the survey concluded that the public believes the Mueller investigation is hurting American democracy more than it is helping by implying that powerful, politically-connected Democrats who have the implicit support of the FBI and Deep State intelligence apparatus are immune to prosecution, while an outsider like Trump is not.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>&ldquo;The public thinks these investigations are hurting rather than helping our democracy but if there are going to be investigations, overwhelming majorities support investigating the Clintons - over two-thirds would investigate either both campaigns or just Hillary&rsquo;s campaign,&rdquo; </strong>said Harvard CAPS/Harris co-director Mark Penn.</p> </blockquote> <p>Despite repeated calls from prominent Republican lawmakers to appoint a special counsel to investigate Comey and the Clintons, Sessions has so far been reluctant to do so, even after a letter leaked earlier this week revealed that the AG asked a team of prosecutors to look into it.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user245717/imageroot/2017/11/11/2017.11.17polls.JPG"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user245717/imageroot/2017/11/11/2017.11.17polls_0.JPG" style="width: 500px; height: 256px;" /></a></p> <p>Several Congressional investigations were launched in September and October following reports that the Clinton campaign and DNC helped finance the infamous &ldquo;Trump dossier&rdquo; and that the FBI had failed to inform Congress about an investigation surrounding corruption related to the 2010 Uranium One deal - where then Secretary of State Clinton voted to approve a deal that ceded 20% of US uranium reserves to Russia&rsquo;s state-owned nuclear agency.</p> <p>Voters are suspicious of Clinton&rsquo;s role in helping create the dossier, which the FBI used to help justify launching an investigation into possible collusion between the Trump campaign and the Russians that later morphed into the Mueller probe. Many of the claims in the dossier have not been verified, and there&rsquo;s some evidence the FBI knew that at the time it launched the probe.</p> <p><strong>Sixty-six percent of voters say the dossier is less credible because of the Democrats&rsquo; involvement and 58 percent say it cannot be relied upon for information.</strong></p> <p><strong>In addition, 65 percent of voters say there should be an investigation into the $145 million contribution the Clinton Foundation received from the owners of Uranium One, a Canadian firm that was sold to Russian investors when Hillary Clinton was secretary of State. </strong></p> <p>Meanwhile, voters are conflicted over Mueller. Thirty-three percent view him favorably, while 31 percent have an unfavorable view of him. A solid 54 percent say his professional relationship and friendship with Comey - believed to be a key witness in the probe - represents a conflict of interest.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><em><strong>&ldquo;Mueller is seen as having a significant conflict of interest &mdash; one large enough to typically disqualify a special counsel,&quot; </strong></em>Penn said.<br />&nbsp;</p> </blockquote> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="583" height="298" alt="" src="http://www.zerohedge.com/sites/default/files/images/user245717/imageroot/2017.11.17polls.JPG?1510936915" /> </div> </div> </div> http://www.zerohedge.com/news/2017-11-17/plurality-voters-want-special-counsel-investigate-clinton-and-trump#comments Clinton Foundation Congress Corruption Dismissal of James Comey Donald Trump Donald Trump–Russia dossier Draft:Investigations of collusion between Russia and the Trump campaign FBI Federal Bureau of Investigation Federal Bureau of Investigation Government Harvard Hillary Clinton James Comey Judiciary Committee Politics Russian interference in the 2016 United States elections Special prosecutor Testimony United States Uranium Fri, 17 Nov 2017 19:52:05 +0000 Tyler Durden 607470 at http://www.zerohedge.com A Porn Star And Rapper Coolio: Presidential Hopefuls For 2020 http://www.zerohedge.com/news/2017-11-17/porn-star-and-rapper-coolio-presidential-hopefuls-2020 <p><a href="http://www.shtfplan.com/headline-news/a-porn-star-and-rapper-coolio-presidential-hopefuls-for-2020_11162017"><em>Authored by Mac Slavo via SHTFplan.com,</em></a></p> <p>A porn star and the rapper Coolio are two of the so-far presidential hopefuls to run against Donald Trump in 2020.&nbsp;<strong> And both say their campaign has what it takes to beat the sitting president.</strong></p> <p><strong><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_fa.jpg"><img height="301" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/11/13/20171117_fa.jpg" width="545" /></a></strong></p> <p>When&nbsp;<a href="http://www.shtfplan.com/headline-news/bombshell-hillary-clinton-and-the-dnc-colluded-with-russia-in-an-attempt-to-steal-the-election-from-donald-trump_10272017" target="_blank"><span class="rollover-people">Donald Trump</span>&nbsp;won the election last year</a>, porn star Cherie DeVille (who&rsquo;s running alongside rapper&nbsp;Coolio) says she sobbed.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><em><strong>&ldquo;I didn&rsquo;t cry because I hated [Trump] specifically, I cried because of what I felt that meant for the direction our country was going in.&rdquo;</strong></em></p> </blockquote> <p>Like many liberals who saw their world crumble because of Trump&rsquo;s election, DeVille found herself melting down. But then she decided to do something about it.</p> <p>DeVille, who&rsquo;s starred in such videos as &ldquo;A$$ Planet&rdquo; and &ldquo;Hot Tub Hottie,&rdquo; says she was<strong> inspired to run for office out of her &ldquo;personal frustration for the current political climate.&rdquo;</strong></p> <p><a href="http://thehill.com/blogs/in-the-know/in-the-know/360399-porn-star-coolio-launching-2020-white-house-bid" target="_blank">The porn star then, ironically,</a> went into full blown&nbsp;hypocrite mode.&nbsp;</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&ldquo;We&rsquo;re voting for people as if we&rsquo;re on a reality television show, and my concern is <strong>if we continue to purely vote for celebrities, or political figures, or the most entertaining, they&rsquo;re not always going to be quality politicians</strong>,&rdquo; DeVille told ITK on Tuesday.</p> </blockquote> <p><u><strong>So vote for the porn star! That&rsquo;ll fix it!</strong></u></p> <p>The 39-year-old porn star said she was (surprise, surprise) going to run as a Democrat.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>&ldquo;If our criteria now for becoming a political official is minor celebrity, I have that,&rdquo;</strong> says <a href="https://twitter.com/cheriedeville?lang=en" target="_blank">DeVille, who boasts 190,000 Twitter followers</a>.</p> <p>&nbsp;</p> <p>&ldquo;I feel like I can be potentially what I&rsquo;m feeling the American people - for better or for worse - want, which is interesting news, scandalous news, you know, not &lsquo;boring&rsquo; political news.&rdquo;</p> <p>&nbsp;</p> <p><strong>&ldquo;But at the same time [I can] do what the American people really need,&rdquo;</strong> she continues, which is &ldquo;having a person with integrity, and having someone listen to the people, and actually care about America in public office.&rdquo;</p> </blockquote> <p><a href="http://thehill.com/blogs/in-the-know/in-the-know/360399-porn-star-coolio-launching-2020-white-house-bid" target="_blank">According to <em>The Hill</em></a>,&nbsp;DeVille<em><strong> (whose campaign slogan is &ldquo;Make America F&mdash;&mdash; Awesome Again&rdquo;)</strong></em> says a lot of people &ldquo;giggle&rdquo; when they learn that&nbsp;<a href="http://www.xxlmag.com/news/2017/11/coolio-running-vice-president-2020/" target="_blank">&ldquo;Gangsta&rsquo;s Paradise&rdquo; rapper Coolio</a> is running as her VP. &ldquo;He&rsquo;s lived and exemplifies what I consider the American dream,&rdquo; DeVille says.</p> <p>While a rep for DeVille told ITK the Grammy winner wasn&rsquo;t available for comment on the 2020 campaign, <strong>Coolio told Los Angeles&rsquo;s <a href="https://www.urbandaddy.com/articles/41001/im-throwing-all-my-support-behind-this-porn-starcoolio-presidential-bid" target="_blank">KESQ-TV in a recent interview</a>, &ldquo;We need normal, regular, everyday people in office.&rdquo;</strong></p> <p><u><em><strong>&ldquo;Normal&rdquo; and &ldquo;everyday people,&rdquo; like porn stars and rappers.</strong></em></u></p> <p>DeVille admitted that the original intention with her trading porn for politics was to &ldquo;start a dialogue&rdquo; about&nbsp;<a href="https://www.huffingtonpost.com/entry/people-guess-which-strangers-are-sex-workers_us_59c3bb74e4b063b2531856da" target="_blank">stereotypes against sex workers.</a></p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&ldquo;I&nbsp;just want to challenge the public opinion that a sex worker, just because they&rsquo;re a sex worker, couldn&rsquo;t be in public office.&rdquo;</p> </blockquote> <p>While she hasn&rsquo;t filed any intention to run documents with the <a href="https://www.fec.gov/" target="_blank">Federal Election Commission (FEC),</a> DeVille insists,<strong> &ldquo;It&rsquo;s evolved into a real and realistic run for president.&rdquo;</strong></p> <p>&nbsp; Filing with the FEC sets up a fundraising vehicle for a campaign. It&rsquo;s a necessary part of the process. And DeVille believes she has a shot at winning &ndash; and she just might.</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="545" height="301" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20171117_fa.jpg?1510943643" /> </div> </div> </div> http://www.zerohedge.com/news/2017-11-17/porn-star-and-rapper-coolio-presidential-hopefuls-2020#comments American people of German descent Business Coolio Donald Trump Donald Trump Economy of the United States Entertainment Federal Election Commission Human Interest Reality Twitter Twitter United States Fri, 17 Nov 2017 19:36:18 +0000 Tyler Durden 607481 at http://www.zerohedge.com