http://www.zerohedge.com/fullrss2.xml/component/option%2Ccom_docman/Itemid%2C200023/gid%2C397/BoomBustBlog/BoomBustBlog/BoomBustBlog/BoomBustBlog/2009/2009/07/2009/2009/2009/07/2009/07/2009/2009/07/2009/2009/07/2009/2009/07/2009/2009/07/2009/2009/2009/07/2009/07/news/iran-releases-video-captured-us-drone en Video Emerges Showing Clashes Between Indian, Chinese Soldiers http://www.zerohedge.com/news/2017-08-20/video-emerges-showing-clashes-between-indian-chinese-soldiers <p>Late last week, <a href="http://www.zerohedge.com/news/2017-08-16/indian-chinese-soldiers-clash-following-alleged-chinese-incursion">we reported </a>that in the first documented clash between Chinese and Indian soldiers who have been piling up across the border between the two nations over the latest territorial dispute, "Indian and Chinese soldiers were involved in an altercation" in the western Himalayas on Tuesday, "further raising tensions between the two countries which are already locked in a two-month standoff in another part of the disputed border." A Reuters source in New Delhi who was briefed on the military situation on the border, said Indian soldiers "foiled a bid by a group of Chinese troops to enter Indian territory in Ladakh, near the Pangong lake." <strong>He added that some of the Chinese soldiers carried iron rods and stones, and in the melee there were minor injuries on both sides</strong>. </p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>"There was an altercation near the Pangong lake," said a police officer in Srinagar, the capital of India's Jammu and Kashmir state, under which the area falls. An army source in Srinagar, quoted by Reuters, spoke of an altercation following what he called a Chinese army "incursion in Pangong lake area". This fresh standoff at Pangong Tso lake in Ladakh comes in the backdrop of tensions between Indian and Chinese troops over Doklam plateau in Sikkim sector with the PLA skipping the ceremonial border meetings on Independence Day. </p> </blockquote> <p>What is notable about this concerning breakout of violence, is how silent both India and China have been, with neither side issuing an official statement confirming or denying last week's events. </p> <p>Overnight, thanks to India's NDTV, five days after the "unconfirmed" scuffle in Ladakh, a video of the clash has surfaced. The video, which has been widely circulated on social media, shows many soldiers from the two countries punching and kicking each other and throwing stones.</p> <p><iframe src="https://www.youtube.com/embed/fUQGH_9vfX8?rel=0" width="600" height="338" frameborder="0"></iframe></p> <p><em>h/t <a href="http://stockboardasset.com/insights-and-research/wow-video-emerges-showing-clash-chinese-indian-soldiers/">Stock Board Asset</a></em><a href="http://stockboardasset.com/insights-and-research/wow-video-emerges-showing-clash-chinese-indian-soldiers/"></a></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="489" height="263" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/ladakh%20violence.jpg?1503241581" /> </div> </div> </div> http://www.zerohedge.com/news/2017-08-20/video-emerges-showing-clashes-between-indian-chinese-soldiers#comments Bhutan–India relations China China–India border China–India relations Chinese army Doklam Foreign relations of China Geography of Asia Geography of Jammu and Kashmir India International relations Ladakh Pangong Pangong Tso Reuters Territorial disputes of China War Sun, 20 Aug 2017 15:09:46 +0000 Tyler Durden 601983 at http://www.zerohedge.com Mnuchin Rejects Call From Yale Classmates To Resign, Defends Trump http://www.zerohedge.com/news/2017-08-20/mnuchin-rejects-call-yale-classmates-resign-defends-trump <p>In a long statement issued by the Treasury Secretary, Steven Mnuchin rejected and pushed back against an urging from his former classmates at Yale University that he resign from Donald Trump’s cabinet, while defending the president’s response to last weekend’s deadly protests in Charlottesville, Virginia.</p> <p>The statement was in response to a letter posted online on Friday by about 300 of Mnuchin’s classmates from the Yale University undergraduate class of 1985, asking Mnuchin to resign in protest of Trump’s comments. “It is your moral obligation,” they said. “We know you are better than this, and we are counting on you to do the right thing.”</p> <p>Mnuchin, realizing that with Bannon gone, Trump's future policies are now a "clean slate" for the Wall Street/MIC complex to rewrite as it sees fit with no internal opposition, disagreed. </p> <p>"I am writing in response to my Yale Classmates and many other comments I have received urging me to "speak out." I believe that your letter and these comments raise several Important issues and misconceptions that I am prepared to address", Mnuchin begins, adding that "<strong>some of these issues are far more complicated than we are led to believe by the mass media</strong>,’ the former Goldman employee and hedge fund manager said, paraphrasing the Dude's legendary "<em>lotta ins, lotta outs, lotta what-have-you's.</em>" </p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>"As someone who Is Jewish, I believe I understand the long history of violence and hatred against the Jews (and other minorities) and circumstances that give rise to these sentiments and actions. While I find it hard to believe I should have to defend myself on this,<br /> or the president, I feel compelled to let you know that the president<br /> in no way, shape or form believes that neo-Nazi and other hate groups<br /> who endorse violence are equivalent to groups that demonstrate in<br /> peaceful and lawful ways.</p> </blockquote> <p>In his statement Saturday, Mnuchin suggested that Trump’s political opponents, including Republican rivals in last year’s primary campaign, were unfairly seizing on the Charlottesville uproar to “distract the administration” from policy issues. Just like Bannon, Mnuchin's ties with Trump go back to the summer of 2016, when he first started as Trump’s campaign finance chairman before being named as Treasury secretary; according to the WSJ he has a close personal relationship with the president. </p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>Mnuchin also referenced a broader national dialogue about the legacy of slavery and how historical figures should be remembered. </p> </blockquote> <p>“Some of these issues are far more complicated than we are led to believe by the mass media, and if it were so simple, such actions would have been taken by other presidents, governors and mayors, long before President Trump was elected by the American people,” Mnuchin wrote.</p> <p>Meanwhile, seeking to distance himself from the "nationalist" angle of his administration in the aftermath of Bannon's firing, Trump extended an olive branch to Saturday's demonstrators, saying that protests can be cathartic as thousands swarmed into downtown Boston on Saturday to speak out against white nationalists.</p> <p>“Our great country has been divided for decades. Sometimes you need protest in order to heal, &amp; we will heal, &amp; be stronger than ever before!” the president said in a pair of tweets. “I want to applaud the many protesters in Boston who are speaking out against bigotry and hate. Our country will soon come together as one!”</p> <p>And yet, just one hour before lauding Saturday’s protesters, Trump, who’s spending the weekend at his Bedminster, New Jersey, golf resort, was less sympathetic. “Looks like many anti-police agitators in Boston. Police are looking tough and smart!” He praised the effort of law enforcement officers and Boston Mayor Marty Walsh.</p> <p>Mnuchin isn't the only ex-Goldmanite who is staying: last week the market turmoiled on speculation that Trump's top economic adviser and former Goldman COO Gary Cohn, was upset by Trump’s remarks and thinking about quitting. Cohn will remain in his position, a White House official said on Thursday.</p> <p>With the "globalists" having won decisively the war for Trump's Inner circle of influence, the markets are eagerly awaiting to see what if any change in tone, rhetoric and policies will be unveiled by the president. With the debt ceiling deadline looming, Trump has little time in which to make a decision what his upcoming pivot will look like.</p> <p><em>Mnuchin's full letter is below.</em></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/08/12/mnuching%20letter.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/08/12/mnuching%20letter_0.jpg" width="600" height="305" /></a></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="1280" height="659" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/mnuchin%20trump.jpg?1503239704" /> </div> </div> </div> http://www.zerohedge.com/news/2017-08-20/mnuchin-rejects-call-yale-classmates-resign-defends-trump#comments Alt-right Business Debt Ceiling Donald Trump Economy of the United States Gary Cohn Mnuchin Politics Steven Mnuchin United States White House White House Yale University Sun, 20 Aug 2017 14:35:09 +0000 Tyler Durden 601982 at http://www.zerohedge.com Here Is The WSJ Article That Jeff Gundlach Has Been Raging Against http://www.zerohedge.com/news/2017-08-20/here-wsj-article-jeff-gundlach-has-been-raging-against <p>Well, the "fake news" article that Jeff Gundlach has been quietly - and not so quietly - raging against for weeks on Twitter, is finally out.</p> <p>Readers will recall that <a href="http://www.zerohedge.com/news/2017-08-09/gundlachs-total-return-bond-fund-hit-9th-straight-month-outflows">DoubleLine's Jeff Gundlach </a>has been engaging in an odd subtweeting campaign on Twitter over the past month with what until recently had been an unnamed media outlet that was allegedly being used by a similarly unnamed Doubleline competitor to accuse Gundlach's fund of doing poorly and suffering outflows, something the "bond king" has said is "false news" to borrow a Trumpism...</p> <p><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/07/20/gundlach%20twitter_0.jpg" width="500" height="1293" /></p> <p>... and then last week, Gundlach finally revealed that the "fake news" publication with the imminent hit piece in question was the WSJ:</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Mutual Fund Wire just put out looong "top influencers" list. Have to laugh competitor in cahoots with WSJ upcoming fake news didn't make it!</p> <p>— Jeffrey Gundlach (@TruthGundlach) <a href="https://twitter.com/TruthGundlach/status/897988266934157312">August 17, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en">WSJ desperate to populate "anonymous source" DBL hit piece. Now calling new employees. Even called spouse of one last night. Sad but true.</p> <p>— Jeffrey Gundlach (@TruthGundlach) <a href="https://twitter.com/TruthGundlach/status/898011549150752768">August 17, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en">Mutual Fund Wire just put out looong "top influencers" list. Have to laugh competitor in cahoots with WSJ upcoming fake news didn't make it!</p> <p>— Jeffrey Gundlach (@TruthGundlach) <a href="https://twitter.com/TruthGundlach/status/897988266934157312">August 17, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>Meanwhile, Gundlach - having <a href="http://www.zerohedge.com/news/2017-08-08/gundlach-ill-be-disappointed-if-i-dont-make-400-my-sp-puts">recently turned quite bearish and predicting</a>, accurately, last weeks volatility surge, had done everything in his power to take preemptive damage control and publicize that DoubleLine is in no way in peril, in need of funding, or worried about outflows. In a <a href="http://www.zerohedge.com/news/2017-08-08/gundlach-quietly-moving-exit-volatility-about-go">recent interview with Bloomberg's Erik Shatzker</a>, Gundlach said that he is content with the size of his fund<strong>, which he does not want growing too large, and may soon turn new money away:</strong></p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>“Gundlach is taking a similarly conservative approach to building his eight-year-old firm. While some competitors embrace the mantra “size matters,” he believes there’s a limit to how much DoubleLine can manage well and says the firm may stop marketing altogether once assets reach $150 billion, up from about $110 billion today. </p> <p>&nbsp;</p> <p>‘I’ve actually been turning money away in our institutional business,’ Gundlach said. ‘I don’t want to manage $500 billion. I don’t really want to manage $200 billion.’... “I don’t want one $150 billion fund, I want 10 $15 billion funds. A diversified business,” Gundlach said in the interview. “We lose business because our fees are too high and I say, ‘Fine, that’s a way of regulating growth.’” </p> <p>&nbsp;</p> <p>“Bill Gross once managed a single fund with $293 billion in assets, the Pimco Total Return Fund. By comparison, Gundlach, who co-founded DoubleLine in 2009, said he’s debated whether to close the $54 billion DoubleLine Total Return Bond Fund, the firm’s largest, to new money.”</p> </blockquote> <p>The statement echoed what Gundlach said in a <a href="https://twitter.com/TruthGundlach/status/892921035384700928">tweet from August 2: </a>"<strong>DoubleLine Facts: All time high AUM, revenue, headcount. Returns good-to great across funds. CEO never berates employees. Boycott fake news</strong>!"</p> <p>Then, as we <a href="http://www.zerohedge.com/news/2017-08-09/gundlachs-total-return-bond-fund-hit-9th-straight-month-outflows">reported two weeks ago</a>, we suggested that the reason for the recent din over DoubleLine - or rather Total Return Bond Fund - AUM is that Gundlach was anticipating the latest Morningstar fund flow data, reported by Reuters, according to which investors pulled another $200 million from Jeffrey. Gundlach's flagship Total Return Bond Fund in July, <strong>extending the outflow streak that began in November to nine consecutive months</strong>. So far this year, the fund has posted outflows of $3.6 billion, leaving it with $53.6 billion in AUM as of the end of</p> <p>As <a href="http://www.reuters.com/article/us-funds-doubleline-idUSKBN1AP2H7?il=0">Reuters wrote</a> "the withdrawals are notable given that other bond funds are swimming in new cash from investors and at a time when the DoubleLine fund's performance has been strong.</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>Some $203 billion flowed into bond funds in the first half of 2017, and bond funds overall have not recorded a single week of outflows all year, according to the Investment Company Institute, a trade group.</p> </blockquote> <p>The outflows are odd in the context of TRF's YTD outperformance: "DoubleLine Total Return Bond Fund's lower-cost institutional shares were up 3.2 percent this year through Tuesday, beating its benchmark, according to data from Thomson Reuters' Lipper research unit." Preempting the news, Gundlach in a tweet early Wednesday said that DoubleLine is a top-ranked fund company by net cash inflows this year through July. </p> <p>Sure enough, while TRF is seeing outflows, the broader DoubleLine continues to take in cash: overall, the firm pulled $253 million into its mutual funds and ETFs during July and $2.5 billion this year, ranking 24th of 405 fund families, according to Morningstar data. A recent interview with Reuters may explain this discrepancy: Gundlach said DoubleLine was "trying to focus on our strategy: growing our other funds." He was referring to the SPDR DoubleLine Total Return Tactical ETF, DoubleLine Core Fixed Income Fund, DoubleLine Shiller Enhanced CAPE, DoubleLine Low Duration Bond Fund, DoubleLine Infrastructure Income Fund and DoubleLine Flexible Income Fund. Those six funds have attracted $5.8 billion this year, according to Morningstar.</p> <p>"We are marketing our other funds and not DBLTX," Gundlach said. "We are accomplishing exactly what we planned."</p> <p>As we concluded two weeks ago, "<strong>it remains to be seen if there is anything more structural within DoubleLine to explain the outflows, or the explanation for Gundlach's recent odd tweeting behavior.</strong>"</p> <p>* * * </p> <p>And with all that in mind, fast forward to Sunday morning when the long-awaited and much-(pre)publicized WSJ article was finally released. In it, the <a href="https://www.wsj.com/articles/investors-pull-back-from-gundlachs-biggest-fund-at-doubleline-1503230402">WSJ's Greg Zuckerman picks up on what we</a>, Reuters and Morningstar previously noted, namely the 9 consecutive months of outflows from DoubleLine's flagship bond fund:</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>Jeffrey Gundlach built one of the most successful new bond funds ever, amassing $61.7 billion of assets at the DoubleLine Total Return Bond Fund over just six years. But during the past year something else happened: Some customers began to leave. Assets under management at the fund dropped 13% from their peak last September to $53.6 billion as of July 31.&nbsp; </p> <p>&nbsp;</p> <p><strong>Investors have pulled $8.5 billion from the fund in that period, Morningstar Inc. says, while funds in the same category took in net inflows of 7.2%. </strong>The fund has had outflows in each of the past nine months.</p> </blockquote> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/08/12/kuroda%20wsj.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/08/12/kuroda%20wsj_0.jpg" width="500" height="343" /></a></p> <p>Naturally, the WSJ was delighted to take advantage of the massive publicity Gundlach's own tweeting had generated in recent weeks for the coming piece:</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>As performance has slipped and the fund has shrunk, Mr. Gundlach, 57 years old, has turned combative, taking on the media and continuing to taunt a rival. Meanwhile, some within the firm are bracing for what could be a more challenging environment.</p> </blockquote> <p>And here are the "dots" that one can finally connect based on Gundlach's aggressive subtweeting since the start of August:</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>Late last year and earlier this year, some at DoubleLine Capital’s offices in downtown Los Angeles say, they were told bonuses might drop in 2017, according to people close to the matter. The firm says the guidance was aimed at creating a “pragmatic assessment” of 2017 after a big year in 2016. </p> <p>&nbsp;</p> <p>Mr. Gundlach’s fund’s performance has been solid. But some investors say they are leaving because the fund has cooled from its previously white-hot pace. </p> <p>&nbsp;</p> <p>Total Return Bond Fund topped 90% of peer funds over the past three- and five-year periods. In 2017, though, it is besting 59% of competitors, with a 3.15% gain through Aug. 17, Morningstar says.</p> </blockquote> <p>That said, in the the article's weakest link, and rather bizarre argument, one is somehow expected to extrapolate from the behavior of a few investors (in this case a retired orthodontist), what billions in capital will do momentarily. </p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>"Among those bailing are individual investors, who helped fuel the fund’s growth but can be quicker than institutions to pull their funds when performance lags. <strong>Barney Rothstein, a retired orthodontist in Tucson, Ariz., withdrew $250,000 from the fund over the past 18 months and shifted the money to individual bonds that carry similar yields but can be held to maturity, unlike a bond fund, potentially giving an investor more cushion if the market turns down</strong>. </p> <p>&nbsp;</p> <p>“The extra return wasn’t there anymore,” he said."</p> </blockquote> <p>Well, Barney, the only "extra return" these days is if you buy tech stocks on leverage... or Ethereum and Bitcoin, of course. Furthermore, it appears that the WSJ's entire "outflows" thesis is based on the assumption that once a fund reaches a "normalized return"inflection point, investors will flee. We are hardly convinced, especially in a time when 90% of hedge funds can't outperform the S&amp;P:</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>Some investors in Pimco’s once-giant Total Return fund left it in 2013 and 2014 when the fund, led at the time by Bill Gross, stopped trouncing rivals. A spokeswoman for Mr. Gross’s current firm, Janus Henderson Investors, said he outperformed his benchmark during that period. </p> <p>&nbsp;</p> <p>“This is part of having exceptional returns—at some point there will be less-than-exceptional returns,” said A. Michael Lipper, who advises investors in mutual funds. Mr. Gundlach, he said, “wouldn’t like the comparison, but the same thing happened to Bill Gross.” </p> <p>&nbsp;</p> <p>Now investors like Castle Financial &amp; Retirement Planning Associates Inc. in Hazlet, N.J., are shifting to Pimco from DoubleLine. “Performance has been waning,” said Al Procaccino II, president of the firm, which pulled money from the DoubleLine fund this year.</p> </blockquote> <p>Doubleline's response was well-telegraphed, the bond manager said it isn’t troubled by the outflows or the performance of the fund, which is nearly $45 billion larger than DoubleLine’s next biggest fund.</p> <p>“Many well-known, actively managed bond funds that have been around long enough go through periods of net outflows, some far more dramatic than Mr. Gundlach’s fund has experienced,” a DoubleLine spokeswoman said. "There are only so many opportunities for actively managed funds. DoubleLine stopped marketing the fund two years ago, and the firm is pleased with where the asset level is.”</p> <p>Of course, whether DoubleLine's outflows are "controlled" will become obvious shortly: ultimately the single best predictor of future capital flows is today's performance, and for now DoubleLine has nothing to worry about. Perhaps the only interesting aspect in the entire WSJ piece is the additional insight into why Gundlach's twitter account has recently become rather more... colorful:</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>One former employee says Mr. Gundlach aims to stir debate and focus attention on his fund. </p> <p>&nbsp;</p> <p>“Even if the inner Jeffrey is truly composed and collected, the outer Jeffrey is the actor—he’s a rational creation who understands how to rattle the cage,” says Claude Erb, a former portfolio manager at DoubleLine and TCW. “He’s seen client enthusiasm ebb and flow. When it’s waning, you have to redouble your efforts to get the message out.” </p> <p>&nbsp;</p> <p>René Bruer, the co-chief executive at Smith Bruer Advisors, which manages $80 million, withdrew all of his clients’ money from the fund in 2015 partly because of concerns about its reliance on the outspoken manager. “He can create controversy. If that’s what floats his boat, great,” Mr. Bruer says. “But for my clients and for me, I can’t take much of that.”</p> </blockquote> <p>Quoted by the WSJ, Jordan Edwards of Avier Wealth Advisors in Bellevue, Wash., which keeps about 10% of clients’ bond allocation in the fund, cited Mr. Gundlach’s investing skills and said, “I would prefer that he would not be as provocative as he is.”&nbsp; </p> <p>And yet, Jordan - and most other investors- will gladly keep their funds with Gundlach as long as he continues to outperform, which is why the whole point behind this "fake news" article is quite lost on us.</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="780" height="413" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/gundlach%20teaser%20dark%202.jpg?1503240407" /> </div> </div> </div> http://www.zerohedge.com/news/2017-08-20/here-wsj-article-jeff-gundlach-has-been-raging-against#comments 8.5% Bill Gross Bitcoin Bond Bond Bond fund Business DoubleLine Capital Finance fixed Funds Gundlach Gundlach Hedge fund Henderson Institutional investors Investment Investment Company Institute Jeff Gundlach Jeffrey Gundlach Lipper Low Duration Bond Fund Money Morningstar Mutual fund PIMCO Reuters S&P Total Return Bond Fund Total Return Fund Twitter Twitter Volatility Sun, 20 Aug 2017 13:51:17 +0000 Tyler Durden 601981 at http://www.zerohedge.com 5 Reasons Franklin D. Roosevelt was the WORST http://www.zerohedge.com/news/2017-08-20/5-reasons-franklin-d-roosevelt-was-worst <p><a href="http://www.thedailybell.com/news-analysis/5-reasons-franklin-d-roosevelt-was-the-worst/">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;">Can you believe that there are at least three statues of Franklin D. Roosevelt in Washington DC? There is one in South Dakota too, another in Virginia, and even more in London.</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 appears all these places are overrun by racists and fascist sympathizers. How can people put up with revering a man who:</p> <h3 style="box-sizing: border-box; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-weight: 500; line-height: 1.1; color: #303030; margin-top: 20px; font-size: 24px;">1. Literally Rounded Up 120,000 Japanese Americans, and Put them in Concentration Camps!</h3> <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;">That was authorized by executive order 9066, which Roosevelt signed February 19, 1942.</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;">How is this fact so often left out of any discussion about how “great” FDR was? These people were American citizens, and they were arrested for no reason other than their heritage.</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;">He imprisoned an entire race. How is he not widely accepted as the biggest American racist of the last century? He was certainly the most effective racist.</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;">Two reports which Roosevelt commissioned in the years prior found that Japanese Americans posed little to no risk to the government. Since FDR ignored the reports’ recommendations, it seems his violation of the rights of Japanese Americans was motivated by racism.</p> <h3 style="box-sizing: border-box; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-weight: 500; line-height: 1.1; color: #303030; margin-top: 20px; font-size: 24px;">2. He Actually Outlawed Gold!</h3> <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;">FDR had absolutely no respect for the people’s rights. He had no respect for the rule of law. He was a tyrant!</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;">With&nbsp;<a href="http://www.zerohedge.com/news/what-30-years-gold-confiscation-us-government-looks" style="box-sizing: border-box; background: 0px 0px; color: #0c5b3c;">Executive Order 6102,</a>&nbsp;signed on April 5, 1933, everyone living in America was given 25 days to turn in their gold. Yes, their property was confiscated without due process. The government set the price they paid to about $20 per ounce. Three months later, the price miraculously jumped to $35 per ounce.</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 law wasn’t repealed until 1974!</p> <h3 style="box-sizing: border-box; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-weight: 500; line-height: 1.1; color: #303030; margin-top: 20px; font-size: 24px;">3. FDR was Pen Pals With Mussolini, Whom he Admired.</h3> <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 was a mutual love between&nbsp;<a href="https://mises.org/library/three-new-deals-why-nazis-and-fascists-loved-fdr" style="box-sizing: border-box; background: 0px 0px; color: #0c5b3c;">FDR and Mussolini</a>. The book,&nbsp;<em style="box-sizing: border-box; line-height: 24px; padding-bottom: 8px;">Three New Deals</em>, shows how similar the movements of the 1930’s were in America, Italy, and Germany. It recounts how Roosevelt said:</p> <blockquote style="box-sizing: border-box; padding: 10px 20px; margin: 0px 0px 20px; font-size: 17.5px; border-left: 5px solid #eeeeee; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;"><p style="box-sizing: border-box; font-size: 16px; line-height: 24px; padding-bottom: 8px;">“‘I don’t mind telling you in confidence,’ FDR remarked to a White House correspondent, ‘that I am keeping in fairly close touch with that admirable Italian gentleman'”</p> </blockquote> <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 Mussolini reviewed FDR’s book&nbsp;<em style="box-sizing: border-box; line-height: 24px; padding-bottom: 8px;">Looking Forward</em>.</p> <blockquote style="box-sizing: border-box; padding: 10px 20px; margin: 0px 0px 20px; font-size: 17.5px; border-left: 5px solid #eeeeee; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;"><p style="box-sizing: border-box; margin-bottom: 10px; font-size: 16px; line-height: 24px; padding-bottom: 8px;">“Reminiscent of Fascism is the principle that the state no longer leaves the economy to its own devices.… Without question, the mood accompanying this sea change resembles that of Fascism.”</p> </blockquote> <h3 style="box-sizing: border-box; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-weight: 500; line-height: 1.1; color: #303030; margin-top: 20px; font-size: 24px;"><a href="https://www.amazon.com/Three-New-Deals-Reflections-Roosevelts/dp/0312427433/ref=as_li_ss_il?ie=UTF8&amp;qid=1503229567&amp;sr=8-1&amp;keywords=three+new+deals&amp;linkCode=li3&amp;tag=joejarme-20&amp;linkId=bd6bfcff1e81368b39a94e243afa1332" target="_blank" style="box-sizing: border-box; background: 0px 0px; color: #0c5b3c;" rel="noopener"><img src="http://ws-na.amazon-adsystem.com/widgets/q?_encoding=UTF8&amp;ASIN=0312427433&amp;Format=_SL250_&amp;ID=AsinImage&amp;MarketPlace=US&amp;ServiceVersion=20070822&amp;WS=1&amp;tag=joejarme-20" border="0" style="box-sizing: border-box; vertical-align: middle; max-width: 100%; display: block; margin: 5px auto; height: auto !important;" class="aligncenter" /></a><img src="https://ir-na.amazon-adsystem.com/e/ir?t=joejarme-20&amp;l=li3&amp;o=1&amp;a=0312427433" width="1" height="1" border="0" style="box-sizing: border-box; vertical-align: middle; max-width: 100%; border-width: initial !important; border-style: none !important; height: auto !important;" /><br style="box-sizing: border-box;" />4. The Roosevelt Administration was Infested with Russian Spies.</h3> <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;">Diana West described in her book,&nbsp;<em style="box-sizing: border-box; line-height: 24px; padding-bottom: 8px;">American Betrayal</em>, just how well the Soviet Union infiltrated the White House. Top officials close to the President were supportive of the Soviet Regime to the point of suspicion.</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 one sketchy encounter, soldiers were told to stand down when they witnessed American secrets being smuggled out of America on a plane bound for Russia, guarded by Soviet soldiers. This may be how the Soviet Union was able to make nuclear weapons.</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 other policies were directly influenced by socialist sympathizers and possibly outright spies in the government during FDR’s tenure. Soviet troops were given precedence for American supplies over American troops during World War Two!</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;"><a href="https://www.amazon.com/American-Betrayal-Assault-Nations-Character/dp/1250055814/ref=as_li_ss_il?s=books&amp;ie=UTF8&amp;qid=1503229653&amp;sr=1-1&amp;keywords=American+Betrayal&amp;linkCode=li3&amp;tag=joejarme-20&amp;linkId=1003cd08cb176365bbd7010da405ab8d" target="_blank" style="box-sizing: border-box; background: 0px 0px; color: #0c5b3c;" rel="noopener"><img src="http://ws-na.amazon-adsystem.com/widgets/q?_encoding=UTF8&amp;ASIN=1250055814&amp;Format=_SL250_&amp;ID=AsinImage&amp;MarketPlace=US&amp;ServiceVersion=20070822&amp;WS=1&amp;tag=joejarme-20" border="0" style="box-sizing: border-box; vertical-align: middle; max-width: 100%; display: block; margin: 5px auto; height: auto !important;" class="aligncenter" /></a><img src="https://ir-na.amazon-adsystem.com/e/ir?t=joejarme-20&amp;l=li3&amp;o=1&amp;a=1250055814" width="1" height="1" border="0" style="box-sizing: border-box; vertical-align: middle; max-width: 100%; border-width: initial !important; border-style: none !important; height: auto !important;" /></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;"><span style="box-sizing: border-box; font-weight: bold;">5. FDR Hated the Press and Suppressed Them.</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;">Reason Magazine describes&nbsp;<em style="box-sizing: border-box; line-height: 24px; padding-bottom: 8px;">FDR’s War Against the Press:</em></p> <blockquote style="box-sizing: border-box; padding: 10px 20px; margin: 0px 0px 20px; font-size: 17.5px; border-left: 5px solid #eeeeee; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;"><p style="box-sizing: border-box; font-size: 16px; line-height: 24px; padding-bottom: 8px;">Roosevelt warned in 1938 that “our newspapers cannot be edited in the interests of the general public, from the counting room. And I wish we could have a national symposium on that question, particularly in relation to the freedom of the press. How many bogies are conjured up by invoking that greatly overworked phrase?”</p> </blockquote> <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;">Roosevelt started the FCC and limited licenses for radio to six months.</p> <blockquote style="box-sizing: border-box; padding: 10px 20px; margin: 0px 0px 20px; font-size: 17.5px; border-left: 5px solid #eeeeee; color: #303030; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;"><p style="box-sizing: border-box; font-size: 16px; line-height: 24px; padding-bottom: 8px;">It did not take long for broadcasters to get the message. NBC, for example, announced that it was limiting broadcasts “contrary to the policies of the United States government.” CBS Vice President Henry A. Bellows said that “no broadcast would be permitted over the Columbia Broadcasting System that in any way was critical of any policy of the Administration.” He elaborated “that the Columbia system was at the disposal of President Roosevelt and his administration and they would permit no broadcast that did not have his approval.” Local station owners and network executives alike took it for granted, as&nbsp;<em style="box-sizing: border-box; line-height: 24px; padding-bottom: 8px;">Editor and Publisher</em>observed, that each station had “to dance to Government tunes because it is under Government license.”</p> </blockquote> <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;">FDR’s government illegally intercepted telegraphs and used the ill begotten information to subpoena journalists, chilling any decent, and drying up the flow of information to reporters. A law was even proposed to give prison sentences for anyone who knowingly published false information: fake news.</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;"><span style="box-sizing: border-box; font-weight: bold;">Tear down this racist, fascist’s statues!</span></p> <div class="field field-type-filefield field-field-image-blog"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_blog" width="1600" height="1019" alt="" src="http://www.zerohedge.com/sites/default/files/images/user230058/imageroot/fdr.jpg?1503231879" /> </div> </div> </div> http://www.zerohedge.com/news/2017-08-20/5-reasons-franklin-d-roosevelt-was-worst#comments Benito Mussolini Delano family Diana West Federal Communications Commission Franklin D. Roosevelt Freemen of the City of London Germany Italy Livingston family Nationality NBC New Deal Politics Roosevelt administration Social Issues Sons of the American Revolution Theodore Roosevelt United States United States Assistant Secretaries of the Navy United States government White House White House Sun, 20 Aug 2017 12:24:40 +0000 TDB 601980 at http://www.zerohedge.com Leaked Chat Logs Reveal White Supremacists Joked About Ramming Charlottesville Counter-Protesters Before Event http://www.zerohedge.com/news/2017-08-20/leaked-chat-logs-reveal-white-supremacists-joked-about-ramming-charlottesville-count <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: normal; 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; 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;"><span style="font: inherit; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; text-decoration: underline; vertical-align: baseline; box-sizing: border-box; font-stretch: inherit;"><a href="http://ibankcoin.com/" target="_blank" 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;">iBankCoin.com</a></span></span></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: normal; 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;">Less than a week after white supremacist<span>&nbsp;</span><a href="http://ibankcoin.com/zeropointnow/files/2017/08/1502568689027-1.jpg" target="_blank" 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;">James Alex Fields</a><span>&nbsp;</span>drove his car into a crowd in Charlottesville, VA, leaving one dead and 19 injured,&nbsp;leaked chat logs from several weeks before the event reveal protesters joking about mowing down counter-protesters blocking their path.</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: normal; 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;">Of note, several conservative groups around the country&nbsp;who are not affiliated with white supremacy or Neo-Nazi movements, such as&nbsp;<em style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;"><a href="http://www.thethreepercenters.org/single-post/2017/08/12/The-Three-Percenters-Official-Statement-Regarding-the-Violent-Protests-in-Charlottesville" target="_blank" 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">The Three Percenters</a></em>, have severed all ties with the protests in the aftermath of last weekend’s deadly events.</p> <blockquote style="list-style: none; margin: 0px; padding: 30px 20px; 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: 13px; font-style: normal; font-weight: normal; 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;"><p style="list-style: none; margin: 0px 0px 20px; padding: 0px 18px; color: #555555; line-height: 28px; font-family: monospace; font-size: 16px; box-sizing: border-box; background-color: #ffffff; border: 0px 0px 0px 4px solid #777777;">“While we support and defend everyone’s right to free speech, we will not align ourselves with any type of racist group.”</p> </blockquote> <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: normal; 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;">In screenshots&nbsp;from a ‘Discord’ chat room&nbsp;moderated&nbsp;by&nbsp;<a href="http://ibankcoin.com/zeropointnow/2017/08/14/report-unite-the-right-organizer-jason-kessler-was-occupy-movement-obama-supporter-8-mos-ago/" target="_blank" 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">former liberal Obama activist turned white supremacist</a>&nbsp;event organizer Jason Kessler (username ‘MadDimension’), attendees can be seen discussing transportation in case things turned violent. While one member’s suggestion to use<span>&nbsp;</span><em style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">Uber</em><span>&nbsp;</span>was shot down, another participant suggested coordinating with&nbsp;<em style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">Enterprise</em><span>&nbsp;</span>rent-a-car in case of&nbsp;a ‘worse case scenario.’</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: normal; 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;">In a subsequent comment, user AltCelt(IL) posted a picture of a two buses being mobbed by protesters, typing&nbsp;‘this will be us’ below.</p> <p><a href="http://ibankcoin.com/zeropointnow/files/2017/08/disc2.png" target="_blank" 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;"><img src="http://www.zerohedge.com/sites/default/files/images/user237925/imageroot/2017/08/20/disc2.png" width="1208" height="633" style="list-style: none; margin: 0px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="wp-image-10757 size-full tie-appear" /></a>Click to enlarge</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: normal; 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;">In response, an event organizer named&nbsp;‘Tyrone’ – who worked closely with Kessler, advised the group that it would be<span>&nbsp;</span><strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">legal</strong><span>&nbsp;</span>to mow down protesters under certain circumstances:</p> <blockquote style="list-style: none; margin: 0px; padding: 30px 20px; 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: 13px; font-style: normal; font-weight: normal; 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;"><p style="list-style: none; margin: 0px 0px 20px; padding: 0px 18px; color: #555555; line-height: 28px; font-family: monospace; font-size: 16px; box-sizing: border-box; background-color: #ffffff; border: 0px 0px 0px 4px solid #777777;">‘I know NC law is on the books that<span>&nbsp;</span><strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">driving over protesters blocking roadways isn’t an offense</strong>. This is crossover for this channel and VA law.<span>&nbsp;</span><strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">Sure would be nice,</strong>‘ along with a meme of a John Deere ‘Multi-Lane Protester Digestor.’ –<em style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">‘Tyrone’&nbsp;</em></p> </blockquote> <p><a href="http://ibankcoin.com/zeropointnow/files/2017/08/disc1.png" target="_blank" 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;"><img src="http://www.zerohedge.com/sites/default/files/images/user237925/imageroot/2017/08/20/disc1.png" width="1192" height="627" style="list-style: none; margin: 0px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="wp-image-10756 size-full tie-appear" /></a>Click to enlarge</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: normal; 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;">It is unknown whether or not 20 year old&nbsp;<a href="http://ibankcoin.com/zeropointnow/files/2017/08/1502568689027-1.jpg" target="_blank" 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;">James Alex Fields</a>, the white supremacist arrested after his 2010 Dodge Challenger plowed into a crowd of counter-protesters, was in the Discord chat room at the time – however members of the group&nbsp;“<a href="http://ibankcoin.com/zeropointnow/files/2017/08/vanguardAM.png" 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;">Vanguard America</a>,” which Fields belonged to, participated in Kessler’s server.</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: normal; 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 href="https://ibankcoin.com/zeropointnow/files/2017/08/vanguard.png" target="_blank" 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: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal;"><img src="http://www.zerohedge.com/sites/default/files/images/user237925/imageroot/2017/08/20/vanguard.png" width="588" height="482" style="height: auto; margin-right: auto; margin-left: auto; display: block; max-width: 100%;" class="aligncenter size-full wp-image-10758" /></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: normal; 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 href="http://ibankcoin.com/zeropointnow/files/2017/08/vanguardAM-1.png" target="_blank" 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;"><img src="http://www.zerohedge.com/sites/default/files/images/user237925/imageroot/2017/08/20/vanguardAM.PNG" width="1109" height="793" style="list-style: none; margin: 5px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; clear: both; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="aligncenter wp-image-10794 tie-appear" /></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: normal; 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;">What we do know is the same ‘Tyrone’ who made the vehicle-ramming comments also made several posts telling members&nbsp;that attending the event ‘in general’ would be risky.</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: normal; 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 href="http://ibankcoin.com/zeropointnow/files/2017/08/prepare.png" target="_blank" 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;"><img src="http://www.zerohedge.com/sites/default/files/images/user237925/imageroot/2017/08/20/prepare.PNG" width="652" height="283" style="list-style: none; margin: 5px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; clear: both; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="aligncenter size-full wp-image-10763 tie-appear" /></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: normal; 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 href="http://ibankcoin.com/zeropointnow/files/2017/08/atyourownrisk1.png" target="_blank" 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;"><img src="http://www.zerohedge.com/sites/default/files/images/user237925/imageroot/2017/08/20/atyourownrisk1.PNG" width="646" height="469" style="list-style: none; margin: 5px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; clear: both; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="aligncenter size-full wp-image-10762 tie-appear" /></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: normal; 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;"><img src="http://ibankcoin.com/zeropointnow/files/2017/08/atyourownrisk.png" width="560" height="102" style="list-style: none; margin: 5px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; clear: both; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="aligncenter size-full wp-image-10769 tie-appear" /></p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Attendees of <a href="https://twitter.com/hashtag/UniteTheRight?src=hash">#UniteTheRight</a> in <a href="https://twitter.com/hashtag/Charlottesville?src=hash">#Charlottesville</a> discuss legality of plowing into protesters with a vehicle, less than one month before rally <a href="https://t.co/bVOAisOOZG">pic.twitter.com/bVOAisOOZG</a></p> <p>— Unicorn Riot (@UR_Ninja) <a href="https://twitter.com/UR_Ninja/status/897979666610491394">August 17, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><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: normal; 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;">What else do the chat logs reveal?&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: normal; 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;">Over 300 screenshots leaked exclusively to&nbsp;<a href="http://www.unicornriot.ninja/" target="_blank" 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;"><em style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">unicornriot.ninja</em></a>&nbsp;were made available in<span>&nbsp;</span><a href="http://www.unicornriot.ninja/wp-content/uploads/charlottesville/cvillebatch1_1-315.zip" target="_blank" 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">a 65 MB .zip archive</a>&nbsp;on Friday.&nbsp;Here are a few more notable finds:</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: normal; 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;">Kessler organized the event with military precision</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: normal; 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;">To preface, perhaps this 2015 blog entry of Kessler’s in which he proclaims “I can’t think of any occupation that I admire more than the professional provocateur” can shed some light on how a hyper-liberal<span>&nbsp;</span><a href="http://ibankcoin.com/zeropointnow/files/2017/08/kessart.png" target="_blank" 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;">Occupy activist</a><span>&nbsp;</span>did an ideological flip and wound up leading a group of white supremacists in a protest that has since polarized the nation:</p> <p><a href="http://ibankcoin.com/zeropointnow/files/2017/08/kessblog.png" target="_blank" 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;"><img src="http://ibankcoin.com/zeropointnow/files/2017/08/kessblog.png" width="720" height="187" style="list-style: none; margin: 0px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="wp-image-10783 size-full tie-appear" /></a>Jason Kessler ‘<a href="https://web.archive.org/web/20170606171103/http://www.jasonkessler.net/blog/random-thoughts-running-post" target="_blank" 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">Running Thoughts</a>‘ Blog</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: normal; 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;">And while I’m sure Jason Kessler’s white power buddies didn’t know he had a<span>&nbsp;</span><strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;"><a href="http://www.dailyprogress.com/news/local/kessler-described-as-one-time-wannabe-liberal-activist/article_c072c0a0-83b8-11e7-ae17-6fb7a9eda079.html" target="_blank" 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">Jewish girlfriend and African roomates</a></strong>, or wrote and performed<span>&nbsp;</span><a href="https://twitter.com/ZeroPointNow/status/897512994128527360" target="_blank" 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"><strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">African revenge-porn</strong><strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">poetry</strong></a>&nbsp;– slamming the “evil” white man, or was a<span>&nbsp;</span><a href="http://ibankcoin.com/zeropointnow/2017/08/14/report-unite-the-right-organizer-jason-kessler-was-occupy-movement-obama-supporter-8-mos-ago/" target="_blank" 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"><strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">huge Obama supporter</strong><span>&nbsp;</span>who was heavily involved with the Occupy movement</a><span>&nbsp;</span>– writing two articles for CNN on the topic, Kessler sure organized last weekend’s white power rally like a pro – even intervening when participants got into a fight.</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: normal; 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 href="http://ibankcoin.com/zeropointnow/files/2017/08/spat2.png" target="_blank" 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;"><img src="http://www.zerohedge.com/sites/default/files/images/user237925/imageroot/2017/08/20/spat2.PNG" width="647" height="297" style="list-style: none; margin: 5px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; clear: both; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="aligncenter size-full wp-image-10764 tie-appear" /></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: normal; 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;">And in addition to applying for a license to hold the protest in Emancipation Park and<span>&nbsp;</span><a href="http://www.nbc29.com/story/36115819/judge-grants-injunction-jason-kessler-can-have-unite-the-right-rally-at-emancipation-park" target="_blank" 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">successfully utilizing the ACLU</a>&nbsp;to sue the city when it was rejected, Kessler issued instructions to the group regarding the tiki torch ceremony and other matters.</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: normal; 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 href="http://ibankcoin.com/zeropointnow/files/2017/08/tiki2.png" target="_blank" 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;"><img src="http://ibankcoin.com/zeropointnow/files/2017/08/tiki2.png" width="702" height="186" style="list-style: none; margin: 5px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; clear: both; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="aligncenter size-full wp-image-10771 tie-appear" /></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: normal; 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 href="https://ibankcoin.com/zeropointnow/files/2017/08/tiki.png" target="_blank" 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: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal;"><img src="https://ibankcoin.com/zeropointnow/files/2017/08/tiki.png" width="700" height="124" style="outline: #72777c solid 1px; height: auto; margin-right: auto; margin-left: auto; display: block; max-width: 100%; resize: none;" class="aligncenter wp-image-10773 size-full" /></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: normal; 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 href="http://ibankcoin.com/zeropointnow/files/2017/08/selfdefense.png" target="_blank" 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;"><img src="http://www.zerohedge.com/sites/default/files/images/user237925/imageroot/2017/08/20/selfdefense.PNG" width="634" height="294" style="list-style: none; margin: 5px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; clear: both; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="aligncenter size-full wp-image-10772 tie-appear" /></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: normal; 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;">Kessler was concerned about optics…</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: normal; 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;">When one participant in the discord chat asked another protest participant if he was in ‘Vanguard’ and if Vanguard was in the ‘National Socialist Front’ &nbsp;(Also known as the National Socialist Movement, or NSM), the other user replied ‘Yup,’ adding ‘Nsm is<span>&nbsp;</span><strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">not the optic Kessler wanted</strong><span>&nbsp;</span>tho.’</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: normal; 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 href="https://ibankcoin.com/zeropointnow/files/2017/08/vanguard2-2.png" target="_blank" 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: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal;"><img src="https://ibankcoin.com/zeropointnow/files/2017/08/vanguard2-2.png" width="525" height="353" style="outline: #72777c solid 1px; height: auto; margin-right: auto; margin-left: auto; display: block; max-width: 100%; resize: none;" class="aligncenter wp-image-10803 size-full" /></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: normal; 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 href="http://ibankcoin.com/zeropointnow/files/2017/08/nottheoptic-1.png" target="_blank" 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;"><img src="http://ibankcoin.com/zeropointnow/files/2017/08/nottheoptic-1.png" width="583" height="112" style="list-style: none; margin: 5px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; clear: both; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="aligncenter size-full wp-image-10802 tie-appear" /></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: normal; 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;">Although I guess he didn’t mind the optics&nbsp;in May</strong><span>&nbsp;</span>when he was hanging out with white supremacist Richard Spencer at Jackson Park:</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: normal; 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 href="http://ibankcoin.com/zeropointnow/files/2017/08/kessatpark.png" target="_blank" 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;"><img src="http://www.zerohedge.com/sites/default/files/images/user237925/imageroot/2017/08/20/kessatpark.PNG" width="590" height="526" style="list-style: none; margin: 5px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; clear: both; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="aligncenter size-full wp-image-10777 tie-appear" /></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: normal; 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 href="http://ibankcoin.com/zeropointnow/files/2017/08/kesspark2.png" target="_blank" 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;"><img src="http://www.zerohedge.com/sites/default/files/images/user237925/imageroot/2017/08/20/kesspark2.PNG" width="585" height="540" style="list-style: none; margin: 5px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; clear: both; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="aligncenter wp-image-10776 tie-appear" /></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: normal; 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;">Some have questioned whether or not the May demonstration was a ‘dry run’ for last weekend’s ill-fated rally. Note Kessler’s&nbsp;long pause at the :15 second mark when asked.</p> <p><iframe src="https://www.youtube.com/embed/v8Lsn8Cl4p4" width="560" height="315" frameborder="0"></iframe>&nbsp;</p> <div class="gallery-icon landscape" style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;"><a href="http://ibankcoin.com/zeropointnow/files/2017/08/ofuk1-2.png" target="_blank" class="ilightbox-gallery" 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;"><img src="http://ibankcoin.com/zeropointnow/files/2017/08/ofuk1-2-300x196.png" width="300" height="196" style="list-style: none; margin: 0px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="attachment-medium size-medium tie-appear" /></a></div> <div id="gallery-1" class="gallery galleryid-10808 gallery-columns-2 gallery-size-medium" style="list-style: none; margin: 0px auto 18px; padding: 0px; border: 0px currentColor; border-image: none; color: #333333; text-transform: none; text-indent: 0px; letter-spacing: normal; clear: both; font-family: &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 13px; font-style: normal; font-weight: normal; 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;"> <div class="gallery-icon landscape" style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;"><a href="http://ibankcoin.com/zeropointnow/files/2017/08/offuk2-1.png" target="_blank" class="ilightbox-gallery" 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;"><img src="http://ibankcoin.com/zeropointnow/files/2017/08/offuk2-1-300x262.png" width="300" height="262" style="list-style: none; margin: 0px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="attachment-medium size-medium tie-appear" /></a></div> </div> <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: normal; 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;">Kessler</strong>&nbsp;<strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">also didn’t mind the optics</strong><span>&nbsp;</span>of the&nbsp;haircut he got to match his new friends attending the ‘Unite the Right’ protest he organized.</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Self professed agent provocateur got a haircut to play the white supremacist role for <a href="https://twitter.com/hashtag/UniteTheRight?src=hash">#UniteTheRight</a> rally. Left 2/15/17 &amp; on right today <a href="https://t.co/cAUB6998pz">pic.twitter.com/cAUB6998pz</a></p> <p>— Ed (@DowdEdward) <a href="https://twitter.com/DowdEdward/status/897341867943014400">August 15, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; font-size: 16px; box-sizing: border-box;"><strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">The group also discussed using burner phones and cash to avoid doxxing</strong></p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; font-size: 16px; box-sizing: border-box;"><a href="http://ibankcoin.com/zeropointnow/files/2017/08/burner2.png" target="_blank" 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;"><img src="http://www.zerohedge.com/sites/default/files/images/user237925/imageroot/2017/08/20/burner2.PNG" width="675" height="355" style="list-style: none; margin: 5px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; clear: both; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="aligncenter size-full wp-image-10766 tie-appear" /></a></p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; font-size: 16px; box-sizing: border-box;"><a href="https://ibankcoin.com/zeropointnow/files/2017/08/burnerphone.png" target="_blank" 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: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: #ffffff; font-variant-ligatures: normal; font-variant-caps: normal;"><img src="https://ibankcoin.com/zeropointnow/files/2017/08/burnerphone.png" width="655" height="194" style="height: auto; margin-right: auto; margin-left: auto; display: block; max-width: 100%;" class="aligncenter wp-image-10765 size-full" /></a></p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; font-size: 16px; box-sizing: border-box;">‘Unite the Right’ attendees were also weary of was VA&nbsp;<em style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">felony</em><span>&nbsp;</span><a href="http://ibankcoin.com/zeropointnow/files/2017/08/fine.png" target="_blank" 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;">mask laws</a><span>&nbsp;</span>– something the police did not enforce when it came to masked Antifa, as well as whether or not they’d be turned away if the wore<span>&nbsp;</span><a href="http://ibankcoin.com/zeropointnow/files/2017/08/polos.png" 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;">shirts with swastikas</a><span>&nbsp;</span>instead of the polo / khaki ‘uniform’ most of the group can be seen wearing.</p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; font-size: 16px; box-sizing: border-box;"><strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">Back to Kessler&nbsp;– it appears he’s taken himself out of the equation…&nbsp;</strong></p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; font-size: 16px; box-sizing: border-box;">Right before deleting his Twitter account, Kessler made a wildly inappropriate tweet about Heather Heyer – the counter-protester killed in Charlottesville:</p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; font-size: 16px; box-sizing: border-box;"><a href="http://www.zerohedge.com/sites/default/files/images/user237925/imageroot/2017/08/20/DHmfyuyUIAAse7u.jpg" target="_blank" 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;"><img src="http://ibankcoin.com/zeropointnow/files/2017/08/DHmfyuyUIAAse7u.jpg" width="490" height="421" style="list-style: none; margin: 5px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; clear: both; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="aligncenter wp-image-10786 tie-appear" /></a></p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; font-size: 16px; box-sizing: border-box;">This allowed Richard Spencer to&nbsp;cauterize the&nbsp;compromised Kessler&nbsp;from the tiny movement I’m sure we haven’t heard the last of.</p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; font-size: 16px; box-sizing: border-box;"><a href="http://www.zerohedge.com/sites/default/files/images/user237925/imageroot/2017/08/20/spencerdisavows.PNG" target="_blank" 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;"><img src="http://ibankcoin.com/zeropointnow/files/2017/08/spencerdisavows-1.png" width="636" height="229" style="list-style: none; margin: 5px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; clear: both; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="aligncenter size-full wp-image-10787 tie-appear" /></a></p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; font-size: 16px; box-sizing: border-box;">After his offensive tweet, Kessler stated “I repudiate the heinous tweet that was sent from my account last night. I’ve been under a crushing amount of stress &amp; death threats,” adding “<strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">I’m taking ambien, Xanax and I had been drinking last night</strong>.<span>&nbsp;</span><strong style="list-style: none; margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; box-sizing: border-box;">I sometimes wake up having done strange things I can’t remember.</strong>”</p> <p style="list-style: none; margin: 0px 0px 20px; padding: 0px; border: 0px currentColor; border-image: none; font-size: 16px; box-sizing: border-box;">&nbsp;</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Life comes at you fast, scumbag <a href="https://t.co/7Cc52RM889">pic.twitter.com/7Cc52RM889</a></p> <p>— Jack Posobiec ???????? (@JackPosobiec) <a href="https://twitter.com/JackPosobiec/status/899010066648637443">August 19, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><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: normal; 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;">Strange things indeed…</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: normal; 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;"><img src="http://www.zerohedge.com/sites/default/files/images/user237925/imageroot/2017/08/20/madgone.PNG" width="769" height="295" style="list-style: none; margin: 5px auto; padding: 0px; border: 0px currentColor; transition: 0.4s ease-in-out; border-image: none; height: auto; clear: both; vertical-align: middle; display: block; max-width: 100%; box-sizing: border-box; opacity: 1;" class="aligncenter size-full wp-image-10788 tie-appear" /><span style="margin: 0px; padding: 0px; border: 0px currentColor; border-image: none; text-align: center; color: #000000; text-transform: none; line-height: inherit; text-indent: 0px; 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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></span></a></p> http://www.zerohedge.com/news/2017-08-20/leaked-chat-logs-reveal-white-supremacists-joked-about-ramming-charlottesville-count#comments national socialist movement National Socialist Movement Racism Racism in the United States Twitter Twitter White supremacy in the United States Sun, 20 Aug 2017 10:39:42 +0000 ZeroPointNow 601979 at http://www.zerohedge.com THe ANTi FaRT MoVeMeNT... http://www.zerohedge.com/news/2017-08-20/anti-fart-movement <p><a href="https://www.flickr.com/photos/expd/36515264992/in/dateposted-public/" title="ANTI FART"><img src="https://farm5.staticflickr.com/4402/36515264992_05037ec5b0_b.jpg" alt="ANTI FART" width="900" height="914" /></a></p> <script src="//embedr.flickr.com/assets/client-code.js"></script> http://www.zerohedge.com/news/2017-08-20/anti-fart-movement#comments Baseball Hall of Fame balloting Education Politics Sun, 20 Aug 2017 08:22:14 +0000 williambanzai7 601978 at http://www.zerohedge.com NASA Unveils Plan To Stop Yellowstone "Supervolcano" Eruption, There's Just One Catch http://www.zerohedge.com/news/2017-08-19/nasa-unveils-plan-stop-world-ending-supervolcano-eruptiontheres-just-one-catch <p>A NASA plan to stop the Yellowstone supervolcano from erupting, <strong><em>could actually cause it to blow... triggering a nuclear winter that would wipe out humanity.</em></strong></p> <p><strong><em><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/08/19/20170819_yellow1.jpg"><img height="319" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/08/19/20170819_yellow1.jpg" width="560" /></a></em></strong></p> <p><a href="http://www.zerohedge.com/news/2017-08-05/sudden-1400-quake-swarm-prompts-question-if-yellowstone-erupted-what-would-be-left">As we have detailed recently</a>, government officials have been closely monitoring the activity in the Yellowstone caldera.</p> <p>However, <a href="http://www.shtfplan.com/headline-news/nasas-risky-plan-to-save-us-from-yellowstone_08192017">as SHTFplan.com&#39;s Mac Slavo details</a>, <strong>scientists at NASA have now come up with an incredibly risky plan to save the United States from the super volcano</strong>.</p> <p class="mol-para-with-font"><a href="http://www.dailymail.co.uk/sciencetech/article-4803246/NASA-reveals-risky-plan-COOL-Yellowstone.html" target="_blank">A&nbsp;NASA&nbsp;scientist has spoken out</a> about the true<a href="http://www.shtfplan.com/headline-news/snyder-warns-a-full-blown-eruption-of-the-yellowstone-supervolcano-would-have-the-potential-of-being-an-extinction-level-event_06192017" target="_blank"> threat of super volcanoes</a> and the risky methods that could be used to prevent a devastating eruption.&nbsp;Lying beneath the tranquil and beautiful settings of<a href="http://www.shtfplan.com/headline-news/montana-earthquake-increased-super-volcano-eruption-concerns_07062017" target="_blank"> Yellowstone National Park </a>in the US lies an enormous magma chamber,<a href="https://www.yellowstonepark.com/things-to-do/yellowstone-supervolcano" target="_blank"> called a caldera.</a> It&rsquo;s responsible for the geysers and hot springs that define the area, but for scientists at NASA, it&rsquo;s also one of the<a href="http://www.shtfplan.com/headline-news/russian-analyst-calls-for-nuclear-attack-on-yellowstone-national-park_03312015" target="_blank"> greatest natural threats to human civilization</a> as we know it.</p> <p class="mol-para-with-font">Brian Wilcox, a former member of the<a href="https://www.nasa.gov/planetarydefense/overview/" target="_blank"> NASA Advisory Council on Planetary Defense</a>, shared a report on the natural hazard that hadn&rsquo;t been seen outside of the agency until now.&nbsp;Following&nbsp;<a href="http://www.bbc.com/future/story/20170724-would-a-supervolcano-eruption-wipe-us-out" target="_blank">an article published by BBC about super volcanoes last month</a>, a group of NASA researchers got in touch with the media to share a report previously unseen outside the space agency about the threat Yellowstone poses, and what they hypothesize could possibly be done about it.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p class="mol-para-with-font"><strong>&ldquo;I was a member of the NASA Advisory Council on Planetary Defense which studied ways for NASA to defend the planet from asteroids and comets,&rdquo; </strong>explains Brian Wilcox of <a href="https://www.jpl.nasa.gov/">Nasa&rsquo;s Jet Propulsion Laboratory (JPL) at the California Institute of Technology. </a><strong>&nbsp;</strong></p> <p class="mol-para-with-font">&nbsp;</p> <p class="mol-para-with-font"><strong>&ldquo;I came to the conclusion during that study that the supervolcano threat is substantially greater than the asteroid or comet threat.&rdquo;</strong></p> </blockquote> <p class="mol-para-with-font">Yellowstone currently leaks about 60 to 70 percent of its heat into the atmosphere through&nbsp;stream water which seeps into the magma chamber through cracks, while the rest of the heat builds up as magma and dissolves into volatile gasses.&nbsp;The heat and pressure will reach the threshold, meaning an explosion is inevitable. When <a href="http://www.bbc.com/future/story/20170817-nasas-ambitious-plan-to-save-earth-from-a-supervolcano" target="_blank">NASA scientists considered the fact that a super volcano&rsquo;s eruption </a>would plunge the earth into a volcanic winter, destroying&nbsp;most sources of food, starvation would then become a real possibility. &nbsp;Food reserves would <a href="http://www.dailymail.co.uk/sciencetech/article-4803246/NASA-reveals-risky-plan-COOL-Yellowstone.html" target="_blank">only last about 74 days, according to the UN</a>, after an eruption of a super volcano, like that under Yellowstone. &nbsp;And they have devised a risky plan that could end up blowing up in their faces. &nbsp;Literally.</p> <p class="mol-para-with-font"><strong>Wilcox hypothesized that if enough heat was removed, and the temperature of the super volcano dropped, it would never erupt.</strong> But he wants to see a 35% decrease in temperature, and how to achieve that, is incredibly risky.&nbsp;One possibility is to simply increase the amount of water in the supervolcano. As it turns to steam. the water would release the heat into the atmosphere, making <a href="http://www.shtfplan.com/headline-news/research-team-slams-global-warming-data-in-new-report-not-a-valid-representation-of-reality-totally-inconsistent-with-credible-temperature-data_07142017" target="_blank">global warming alarmists</a> tremble.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p class="mol-para-with-font">&ldquo;Building a big aqueduct uphill into a mountainous region would be both costly and difficult, and people don&rsquo;t want their water spent that way,&rdquo; Wilcox says. &ldquo;People are desperate for water all over the world and so a major infrastructure project, where the only way the water is used is to cool down a supervolcano, would be very controversial.&rdquo;</p> </blockquote> <p class="mol-para-with-font"><span style="text-decoration: underline;"><strong>So, NASA came up with an alternative plan.</strong></span> They believe the most viable solution could be to<a href="http://www.bbc.com/future/story/20170817-nasas-ambitious-plan-to-save-earth-from-a-supervolcano" target="_blank"> drill up to 10km down into the super volcano and pump down water at high pressure. </a>The circulating water would return at a temperature of around 350C (662F), thus slowly day by day extracting heat from the volcano. And while such a project would come at an estimated cost of around $3.46 billion, it comes with an enticing catch which could convince politicians (taxpayers) to make the investment.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p class="mol-para-with-font">&ldquo;Yellowstone currently leaks around 6GW in heat,&rdquo; Wilcox says. &ldquo;Through drilling in this way, it could be used to create a geothermal plant, which generates electric power at extremely competitive prices of around $0.10/kWh. You would have to give the geothermal companies incentives to drill somewhat deeper and use hotter water than they usually would, but you would pay back your initial investment, and get electricity which can power the surrounding area for a period of potentially tens of thousands of years. And the long-term benefit is that you prevent a future supervolcano eruption which would devastate humanity.&rdquo;</p> </blockquote> <p class="mol-para-with-font">Of course,<a href="http://www.dailymail.co.uk/sciencetech/article-4803246/NASA-reveals-risky-plan-COOL-Yellowstone.html" target="_blank"> drilling into a super volcano comes with its own risks</a>, like the eruption that scientists are desperate to prevent. Triggering an eruption by drilling would be disastrous.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p class="mol-para-with-font"><em><span style="text-decoration: underline;"><strong>&ldquo;The most important thing with this is to do no harm,&rdquo; Wilcox says.</strong></span></em></p> <p class="mol-para-with-font">&nbsp;</p> <p class="mol-para-with-font"><em><span style="text-decoration: underline;"><strong>&ldquo;If you drill into the top of the magma chamber and try and cool it from there, this would be very risky. This could make the cap over the magma chamber more brittle and prone to fracture. And you might trigger the release of harmful volatile gases in the magma at the top of the chamber which would otherwise not be released.&rdquo;</strong></span></em></p> </blockquote> <p class="mol-para-with-font"><strong>The cooling of Yellowstone in this manner would also take tens of thousands of years, but it is a plan that scientists at NASA are considering for every super volcano on earth.</strong></p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&ldquo;When people first considered the idea of defending the Earth from an asteroid impact, they reacted in a similar way to the supervolcano threat,&rdquo; Wilcox says.</p> <p>&nbsp;</p> <p>&ldquo;People thought, &lsquo;As puny as we are, how can humans possibly prevent an asteroid from hitting the Earth.&rsquo; Well, it turns out if you engineer something which pushes very slightly for a very long time, you can make the asteroid miss the Earth. So the problem turns out to be easier than people think. In both cases it requires the scientific community to invest brain power and you have to start early. <strong>But Yellowstone explodes roughly every 600,000 years, and it is about 600,000 years since it last exploded, which should cause us to sit up and take notice.</strong>&rdquo;</p> </blockquote> <p><u><strong>So what would happen?</strong></u></p> <p><iframe frameborder="0" height="315" src="http://players.brightcove.net/2540076170001/ByveBcs0_default/index.html?videoId=4689418265001#t=9s" width="560"></iframe></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="560" height="319" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170819_yellow1.jpg?1503166432" /> </div> </div> </div> http://www.zerohedge.com/news/2017-08-19/nasa-unveils-plan-stop-world-ending-supervolcano-eruptiontheres-just-one-catch#comments Caldera California Institute of Technology Climate forcing agents Doomsday scenarios Environment Geology Geothermal Global Warming Igneous rocks Magma NASA Advisory Council on Planetary Defense National Aeronautics and Space Administration Supervolcano United Nations Volcano Volcanology Yellowstone Caldera Yellowstone hotspot Yellowstone National Park Sun, 20 Aug 2017 03:55:00 +0000 Tyler Durden 601966 at http://www.zerohedge.com Bannon: "The Trump Presidency That We Fought For Is Over" http://www.zerohedge.com/news/2017-08-19/bannon-trump-presidency-we-fought-over <p>In his first interview shortly after the White House announced that it was parting ways with Trump's chief strategist, Steve Bannon told the <a href="http://www.weeklystandard.com/article/2009355">Weekly Standard </a>on Friday afternoon that "<strong>the Trump presidency that we fought for, and won, is over</strong>." After confirming his departure Bannon said that “we still have a huge movement, and we will make something of this Trump presidency. But that presidency is over. It’ll be something else. And there’ll be all kinds of fights, and there’ll be good days and bad days, <strong>but that presidency is over.”</strong></p> <p>In his interview with the conservative publication, Bannon predicted that in the wake of his departure, Trump's administration would "be much more conventional" as his absence from the White House would make it “much harder” for Trump to pave a way forward on issues like “economic nationalism and immigration.” He also predicted that republicans would "moderate" Trump:</p> <p>“I think they’re going to try to moderate him,” he says. “I think he’ll sign a clean debt ceiling, I think you’ll see all this stuff. His natural tendency—and I think you saw it this week on Charlottesville—his actual default position is the position of his base, the position that got him elected. I think you’re going to see a lot of constraints on that. I think it’ll be much more conventional.”</p> <p>In Bannon’s view, <strong>his departure is not a defeat for him personally but for the ideology he’d urged upon the president, </strong>as reflected in Trump’s provocative inaugural address in which he spoke of self-dealing Washington politicians, and their policies that led to the shuttered factories and broken lives of what he called “American carnage.” Bannon co-authored that speech (and privately complained that it had been toned down by West Wing moderates like Ivanka and Jared).</p> <p>“Now, it’s gonna be Trump,” Bannon said. “<strong>The path forward on things like economic nationalism and immigration, and his ability to kind of move freely . . . I just think his ability to get anything done—particularly the bigger things, like the wall, the bigger, broader things that we fought for, it’s just gonna be that much harder</strong>.”</p> <p>He also warned that things are about to get worse for Trump as even more people depart his side, warning of a 'jailbreak' of moderate Republicans. </p> <p>“There’s about to be a jailbreak of these moderate guys on the Hill”—a stream of Republican dissent, which could become a flood. Bannon also said that he once confidently believed in the prospect of success for that version of the Trump presidency he now says is over. </p> <p>Asked what the turning point was, he says, “It’s the Republican establishment. The Republican establishment has no interest in Trump’s success on this. They’re not populists, they’re not nationalists, they had no interest in his program. Zero. It was a half-hearted attempt at Obamacare reform, it was no interest really on the infrastructure, they’ll do a very standard Republican version of taxes.</p> <p>"What Trump ran on- border wall, where is the funding for the border wall, one of his central tenets, where have they been? Have they rallied around the Perdue-Cotton immigration bill? On what element of Trump's program, besides tax cuts-which is going to be the standard marginal tax cut-where have they rallied to Trump's cause? They haven't."</p> <p>As for what happens next, as reported late on Friday, Bannon said that he is eager to get back to Breitbart and lead the opposition from there. </p> <p><strong>"Now I’m free. I’ve got my hands back on my weapons,</strong>" he said. "<strong>Someone said, ‘it’s Bannon the Barbarian.’ I am definitely going to crush the opposition. There’s no doubt. I built a f-cking machine at Breitbart. And now I’m about to go back, knowing what I know, and we’re about to rev that machine up. And rev it up we will do</strong>.” </p> <p>Specifically, <strong>the target of his attacks will be the 'globalists' and liberals he believes have taken over the White House. </strong>They include National Security Adviser H. R. McMaster, advisor Gary Cohn, Trump's daughter Ivanka and son-in-law Jared Kushner.</p> <p>* * *</p> <p>With Bannon's departure conceding control of Trump's inner circle to the so-called "Goldman globalists", the question is how Trump's message will evolve in the coming days with the "nationalist" element purged. With Trump having been granted the option of sounding like a more centrist President, will he continue with his usual rhetoric. Bloomberg is convinced that the answer is "<a href="https://www.bloomberg.com/news/articles/2017-08-19/bannon-exit-won-t-end-white-house-chaos-that-comes-from-the-top">more of the same</a>" especially since Trump won't risk losing his core base, although that may no longer be in his control, especially if Bannon is about to unleash a stinging attack on Trump's inner circle. </p> <p>For the clearest sign of what Trump's post-Bannon posture - and administration - will look like, look no further than the coming debt ceiling negotiation (and/or crisis): on Friday, <a href="http://www.zerohedge.com/news/2017-08-18/goldman-sees-50-chance-government-shutdown">Goldman raised its odds of a government shutdown to 50</a>%, a fact which also spooked the market sending the S&amp;P to session lows at the close. If Trump is unable to build some political goodwill in the coming days on the back of the Bannon departure, those odds will steadily grow to 100% over the next few weeks. </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="650" height="433" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/bannon-aug-19.png?1503160444" /> </div> </div> </div> http://www.zerohedge.com/news/2017-08-19/bannon-trump-presidency-we-fought-over#comments Alt-right American people of German descent Debt Ceiling default Donald Trump Donald Trump presidential campaign First 100 days of Donald Trump's presidency Jared Kushner national security Nationalism Obamacare Politics S&P Steve Bannon Trump's administration United States White House White House Sun, 20 Aug 2017 03:51:40 +0000 Tyler Durden 601958 at http://www.zerohedge.com Gavekal On The Coming Clash Of Empires: Russia's Role As A Global Game-Changer http://www.zerohedge.com/news/2017-08-19/gavekal-coming-clash-empires-russias-role-global-game-changer <p><em>Submitted by Charles and Louis-Vincent Gave of <a href="http://www.gavekal.com">Gavekal Research</a></em></p> <p><strong>Carthago Est Delenda</strong></p> <p>“<strong><em>Carthage must be destroyed</em></strong>”. Cato the elder would conclude his speeches in the Roman Senate with the admonition that salt should be spread on the ruins of Rome’s rival. Listening to the US media over these summer holidays from Grand Lake, Oklahoma, it is hard to escape the conclusion that most of the American media, and US congress, <strong>feels the same way about Russia. </strong>Which is odd given that the Cold War supposedly ended almost 30 years ago.</p> <p>But then again, a quick study of history shows that clashes between land and sea-based empires have been a fairly steady constant of Western civilization. Think of Athens versus Sparta, Greece versus Persia, Rome versus Carthage, England versus Napoleon, and more recently the US versus Germany and Japan (when World War II saw the US transform itself from a land-based empire to a sea-based empire in order to defeat Germany and Japan), and of course the more recent contest between the US and the Soviet Union.</p> <p><strong>The maritime advantage</strong></p> <p>Such fights have been staples of history books, from Plutarch to Toynbee. Victory has mostly belonged to the maritime empires as they tend to depend more on trade and typically promote more de-centralized structures; land-based empires by contrast usually repress individual freedoms and centralize power. Of course the maritime power does not always win; Cato the elder did after all get his wish posthumously.</p> <p>With this in mind, consider a mental map of the productive land masses in the world today. Very roughly put, the world currently has three important zones of production, with each accounting for about a third of world GDP. </p> <ol> <li><strong>North and South America</strong>: This is a sort of island and is not reachable by land from the rest of the world. It constitutes the heart of what could be called the current “maritime” empire.</li> <li><strong>Europe ex-Russia</strong>: This is an economic and technological power as large as the US but a military minnow. Its last two wars have been fought between the then dominant maritime power (the US), first against Germany, then the Soviet Union to gain the control of the so called “old continent”.</li> <li><strong>A resurgent Asia</strong>: Here China is playing the role of the “land-based challenger” to the “maritime hegemon”.</li> </ol> <p>A visiting Martian who knew little about our global geopolitical make-up, except for the above history books, would likely conclude that a new version of the age-old drama is being set up. This time, however the <strong>contest would be between a China-dominated “land-based empire” and a US controlled “maritime power”, with Europe (and to a lesser extent Africa) as the likely “prize.”</strong></p> <p>To have a chance in the fight, the continental empire would have to “keep” a massive land mass under its control. This would require building extensive lines of communication (rail, roads, telecoms, satellites…), linking its own land-mass to the other “productive” land masses, avoiding as much as possible the use of sea links to communicate with other nations. The land empire would need to develop an economy which would not need to trade through the seas.</p> <p>This is what is happening today and why we gave carte blanche to Tom Miller, leaving him free to roam through Central Asia and Eastern Europe over a couple of years and report on the capital that China was pouring to build such links (readers who have not done so should pick up a copy of Tom’s book, <a href="http://research.gavekal.com/books">China’s Asian Dream</a>, available at all good bookstores and of course, through our website). </p> <p>Now for China’s “dream of empire” to work, China would need to convince two important countries, and maybe three, to at least become “neutral”, instead of quasi-hostile, for these new communications lines to work. Those two countries are Russia and Germany. The 3rd is Saudi Arabia, which has an interesting hand to play.</p> <p><strong>1. Russia</strong></p> <p>Russia is the main land bridge between China and Europe. So logic says that the US should be very nice to Russia and seek to establish some kind of military alliance, if only to control the movement of people and goods between China and Europe, and from Europe to China. However, in its immense wisdom, <strong>the US Senate and the entire US diplomatic corps have decided that America’s interests are best served by imposing sanctions on Russia for crimes—not even proven at the time of writing—that the Central Intelligence Agency routinely commits inside countries that are nominally allies of the US!</strong></p> <p>It seems that US policymakers have forgotten Lord Palmerston’s dictum that nations don’t have friends, just permanent interests. And instead of following policies to maximize its national interest, <strong>the US would rather cut off its nose to spite its face. </strong>The end result is that the US seems to be&nbsp; working as hard as possible to make Russia join forces with China. But why would the US so consciously make an enemy out of Russia? </p> <p>A starting point is that <strong>it is a little odd that a country that cannot conceivably be invaded spends more on defense then the next ten nations combined </strong>(see chart overleaf). It is also odd that the US has been involved in wars, somewhere around the globe, with very few interruptions, ever since President Dwight Eisenhower warned his countrymen about the growing clout of the “US military industrial complex”.</p> <p>Of course, we fully realize that even mentioning the “US military industrial complex’ makes one sound like some kind of tin-potted, conspiracy-theorist prone loon. This is not our intention. But we do want to&nbsp; highlight that, in order to justify a budget of US$622bn, soon heading to US$800bn, <strong>the US military industrial complex needs a bogey-man</strong>.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/08/12/gave1.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/08/12/gave1_0.jpg" width="500" height="382" /></a></p> <p>Now the natural bogey-man should logically be China. After all, China is now sporting the second biggest military budget in the world (US$192bn in 2016), is rapidly expanding its global presence (Belt and Road, Asian Infrastructure Investment Bank, Silk Road Fund) and increasingly treats the South China Sea as a mare nostrum. <strong>Still, the past few months of broad US hysteria toward Russia make it fairly clear that US military interests would rather pick on Russia then China. Why so?</strong></p> <p>The first, and most obvious explanation, is simply institutional inertia. After all, Russia was the main enemy between 1945 and 1991 and entire institutions were built (NATO, OECD, the International Monetary Fund and the World Bank) with either the stated, or unstated, goal of containing Russia’s influence. Such government-led institutions usually turn around as easily as a cruise ship captained by Francesco Schettino.</p> <p><strong>Predictable France</strong></p> <p>There are historical precedents for this. Take France as an example: from Cardinal Richelieu onward, the sole purpose of French diplomacy was to destroy the Austro-Hungarian empire. This left successive French rulers blind to the rise of Prussia; at least until 1870 and the pummeling of Paris. Still, even after losing Alsace and Lorraine, France continued its anti-Habsburg crusade until 1919, and the final destruction of the Austrian empire with the 1919 Versailles treaty. This treaty left France vulnerable should the Russians and Germans ever ally (a key policy goal of the Habsburgs was to prevent such an alliance) or the Brits decide that they’d rather head home (which duly occurred in 1940 at Dunkirk and is perhaps happening again today).</p> <p><strong>The bottom line is that the sheer force of institutional inertia means the “smartest people” are often incapable of adjusting to new realities. </strong>It happened in France, and it could easily be happening in the US today.</p> <p>A second explanation is that there exists tremendous resistance within the broader US community to making China a scapegoat. US corporations have huge interests in China and relatively limited exposure to Russia. Thus attempts to cast China in too bad a light are habitually met with concerted lobbying efforts (Lenin did say that the “Capitalists will sell us the rope with which we will hang them”). As<strong> no-one in the US business community cares deeply about Russia, Moscow makes for a good, “compromise bogey man”?</strong></p> <p>A third explanation is tied to a theme we have discussed in the past (see <a href="http://research.gavekal.com/article/consequences-trump’s-syrian-strike">The Consequences of Trump’s Syrian Strike</a>), namely the unfolding civil war in the Middle-East between Sunnis and Shias. On the Sunni side of the war sits Saudi Arabia. On the Shia side of the war is Iran. And behind Iran stands Russia, who would like nothing more than to see the Saudi regime implode. Indeed, a collapse of the House of Saud would be an immense boon for Russia. The price of oil would likely surge (which would be great for non-Arab producers like Russia) and Europe would find itself wholly dependent on Russia for its energy supplies, thereby giving Moscow more geopolitical clout than it has enjoyed in decades. </p> <p>At the same time, a collapse of the House of Saud would be terrible news for US, French and British arms suppliers (for whom the Middle-Eastern monarchies are big clients) and for all big oil companies which have huge contracts in Saudi Arabia and across the Middle-East to protect. </p> <p>This brings us to the current make-up of the US administration which, to say the least, is somewhat skewed towards military officers (military men and the merchants of death tend to get along) and oil-men. Is it too much of a stretch to think that an administration loaded with oil and military men would, almost by default, fight Saudi Arabia’s corner? Now this may be unfair. After all, it’s not as if the first trip of the current US president was to Saudi Arabia, or as if that trip yielded many lucrative deals for US weapons manufacturers, US oil companies, and US financiers, was it? </p> <p><strong>Russia as a game-changer</strong></p> <p>Whatever the reason for the current anti-Russia hysteria in the US, it is now clearly in Russia’s interest for it to play a very active role in the coming Chinese efforts to reduce the power of the dominant “maritime empire”. This means that Chinese and European products will be able to travel through Russia for the foreseeable future, so avoiding possible threats created by the US navy should Washington ever act to disrupt trade between the two economic centers.</p> <p><strong>The reason that the US’s approach to Russia is so short-sighted is that Russia’s role in the coming clash between the two empires may go far beyond it facilitating communication and transport across its territory.</strong> Indeed, Russia (along with Qatar and Iran) could already be helping China break the monopoly that the US has on the payment of energy all over the world through the US dollar (see <a href="http://research.gavekal.com/article/most-important-change-and-its-natural-hedge">The Most Important Change&nbsp; And Its Natural Hedge</a>).</p> <p>For the past 100 years, the US dollar has been the world’s major reserve and trading currency. Needless to say, having the ability to settle one’s (rather large) trade and budget deficits in one’s own currency is a competitive advantage of huge proportions. Greater than its edge in finance, tertiary education, technology, biotech, weapons manufacturing and agricultural productivity, this “exorbitant privilege” may be the US’s single biggest comparative advantage.</p> <p>Now our starting point when looking at China is that the guys who run the show in Beijing are basically control freaks. After all, what else do you expect from career technocrats steeped in Marxist theory? So with that in mind, the question every investor should ask themselves is: why would control freaks yield control of their country’s exchange rate and interest rate structure? Why liberalize the bond and currency markets?</p> <p>For let’s face it, there are few prices as important to an economy as the exchange rate and the interest rate. So if the politburo is willing to gradually lose control over them, it must be because it hopes to gain something better on the other side. And the something better is to transform the renminbi into Asia’s deutschemark; the “natural” trading (and eventually reserve) currency for Asia and even wider emerging markets. In fact, internationalizing the renminbi is the lynchpin on which the whole “Belt and Road” empire rollout rests. If this part fails, then China’s imperial ambitions will most likely crumble over time (for one cannot have an empire on somebody else’s dime).</p> <p><strong>The rise of the renminbi</strong></p> <p>Which brings us to a key change in our global monetary system that has received scant attention, namely, the recent announcement by the Hong Kong exchange that investors will soon be able to buy and settle gold contracts in renminbi (see release). This initiative has the potential to be a game-changer for the architecture of our global monetary system. </p> <p>Imagine being Russia, Iran, Qatar, Venezuela, Sudan, Uzbekistan or any other country liable to fall foul of US foreign policy, and thus susceptible to having Washington use the dollar as a “soft weapon” (see <a href="http://research.gavekal.com/article/bnp-big-brother-and-us-dollar">BNP, Big Brother And The US Dollar</a>). Then China comes along and says: <strong>“Rather than trading in dollars, which leaves us both exposed to US sanctions, and US banks’ willingness to fund our trade, let’s deal in renminbi. I can guarantee that ICBC will never pull the rug from under your feet</strong>”. </p> <p>If you are Russia, or Qatar (<strong>which have already signed renminbi deals for oil and natural gas)</strong>, this may be an interesting proposition. However, the&nbsp; question will quickly arise: “What will I do with my renminbi? Sure, I can buy goods in China, but I only need so much cheap clothing, tennis shoes, and plastic junk. What do I do with what is left over?”. And the answer to that question is that the US dollar remains the world’s reserve currency since the US offers the deepest and most liquid asset markets. From real estate (as shown by the Russia-Trump investigation), to equities, to bonds, there is no shortage of US assets that Americans will sell foreigners so that foreigners can park their hard earned dollars back into the US.</p> <p>This brings us back to China and the main constraint to the renminbi’s rise as a reserve currency. <strong>Simply put, foreign investors do not trust the Chinese government enough to park their excess reserves in Chinese assets.</strong> This lack of trust was crystallized by the decision in the summer of 2015 to “shut down” the equity markets for a while and stop trading in any stock that looked like it was heading south. That decision confirmed foreign investors’ apprehension about China and in their eyes set back renminbi internationalization by several years, if not decades.</p> <p>Until now, that is. For by creating a gold contract settled in renminbi, Russia may now sell oil to China for renminbi (already signed), then take whatever excess currency it earns to buy gold in Hong Kong. As a result, Russia does not have to buy Chinese assets or switch the proceeds into dollars (and so potentially fall under the thumb of the US Treasury). <strong>This new arrangement is good news for Russia, good news for China, good news for gold and horrible news for Saudi Arabia as it leaves the Middle-Eastern kingdom in between a rock and a hard place.</strong> </p> <p><strong>2. Saudi Arabia</strong></p> <p>The fact that China wants to buy oil with its own currency will increasingly present Saudi Arabia with a dilemma<strong>. It could acknowledge that China is now the world’s largest oil importer, and only major growth market, and accept renminbi payments for its oil. However, this would go down like a lead balloon in Washington where the US Treasury would (rightly) see this as a threat to the dollar’s hegemony</strong>. In such a&nbsp; scenario, it is unlikely that the US would continue to approve modern weapon sales to Saudi and the embedded “protection” of the House of Saud that comes with them. And without this US protection, who knows&nbsp; which way the Sunni-Shia civil war may tip (most likely in favor of the Iran-Russia axis).</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/08/12/gave2.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/08/12/gave2_0.jpg" width="500" height="368" /></a></p> <p>Unfortunately for Saudi Arabia, the alternative is hardly attractive. Getting boxed out of the Chinese market will increasingly mean having to dump excess oil inventories on the global stage, thereby ensuring a sustained low price for oil. But with its budget deficit stuck at about 16% of GDP, <strong>with half its population below 27 and needing jobs, and with reserves shrinking by around US$10bn a month, just maintaining the current status quo is not a long-term viable option.</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/08/12/gave3.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/08/12/gave3_0.jpg" width="500" height="365" /></a></p> <p>So which way will Saudi turn? Will Riyadh accept low oil prices forever and the associated costs on Saudi society? <strong>Or will it change horse and move to accept renminbi in order to ensure more access to the world’s largest oil importer, even at the risk of triggering Washington’s wrath? Investors who like to bet on form may wish to consider the second option. </strong>Indeed, King Ibn Saud (the current King Salman's father) was once a loyal British client as the Brits had helped suppress the Wahhabi brotherhood, so cementing his power. <strong>Yet in 1936, Ibn Saud's adviser Abdullah Philby (father of British traitor Kim Philby), persuaded the king to&nbsp; switch his allegiance to the US, by offering Saudis exclusive oil concession to Chevron/Texaco rather than BP. </strong>This is why the Saudi oil company is called Aramco (the Arab-American oil company) rather than Arbroco.</p> <p>Could the House of Saud pull off the same stunt again? One indication may be who lines up as cornerstone investors in the coming Aramco IPO. If those end up as China Investment Corporation, Petrochina and the PRC’s State Administration of Foreign Exchange, than perhaps Aramco will be on its way to becoming Archoco. <strong>And with that, the pricing of Saudi oil could shift from US dollars to renminbi.</strong></p> <p>Incidentally, such a move would likely solve Saudi’s biggest macro hurdle; specifically, the defense of the Saudi Riyal peg to the US dollar. Indeed, with reserves shrinking so rapidly, the arrangement looks to be on a slow-moving death watch (admittedly, at the current pace of reserve depletion, Riyadh could hold out three years and possibly five). But should Saudi announce that Aramco (or Archoco!) will now accept renminbi for oil payments, the dollar would likely tank while oil prices would shoot up (as Saudi would have a willing buyer for its oil in China).<strong> A lower US dollar/ higher oil combination would, needless to say, make the Saudi peg that much easier to sustain.</strong></p> <p>Lastly, if you were King Salman and thought that the long-term sustainability of the House of Saud depended on dumping the US and engaging China, what would you be doing right now? Would you be buying as many top-end US weapons as you possibly could, knowing that, in the future, such purchases may no longer be as easy as they are today? <strong>But let us now move to the third major player in this many-part drama, namely Germany, where the situation is even more complex.</strong></p> <p><strong>3. Germany</strong></p> <p>Unencumbered by its own “heavy” history, Germany— being at heart a “continental” nation—would probably have joined the “continental alliance” and left the maritime alliance (which may explain why the “maritime alliance” tapped Angela Merkel’s phone; arguably a greater intrusion then anything the US has accused Russia of). After all, consider the advantages for Germany of joining the “land-based empire”:</p> <ul> <li>Politically, Germany could finally develop its own diplomacy and stop taking orders from Washington.</li> <li>Economically, German industry would have unlimited access to develop not only Russia but also all the populations north of the Himalayas set to join the modern world through the creation of the “New Silk Road”.</li> <li>Geopolitically, let us first state the obvious: a Middle-East ruled by the Sunnis under the control of the US diplomacy has not been a resounding success. Worse yet, the incredible mistakes made by the last two US administrations across the Middle-East have led to a very old religious war (Sunnis vs. Shiites) again erupting. As we write, it seems that the Russians and Iranian allies are gradually succeeding in taking the control of the Middle East. Now the return to some form of peace (under a Russia/Iranian yoke) would offer new markets for German industry, provided Germany immediately allied itself with Russia and broke away from the American sanctions imposed by the US Senate. Failing that, Germany could lose a Middle-Eastern market which has historically been important for its exporters.</li> <li>Domestically: A German-Russian alliance would crimp Turkey’s resurgence as Ankara would find itself isolated due to Iran and China being on its eastern borders and Russia on its northern frontiers. As a result, Turkey would most likely stop rattling Europe’s cage, which would be a boon for Merkel as Recep Tayyip Erdo?an has been a significant thorn in her side. In other words, Merkel would outsource her “Turkey problem” to Russia.</li> <li>Energetically, a Russian-dominated Middle East would still provide gas from Russia and oil from the Middle-East. The implication is that Germany would no longer need to have its energy imports “protected” by the maritime empire’s fleet (Merkel’s short-sightedness on the energy front, from the end of coal, to the banning of nuclear power, has fitted in the category of being “worse than a crime, it is a mistake”). </li> </ul> <p>Many people in Germany—business people and public servants such as ex -chancellor Gerhard Schroeder—understand the above and have lobbied for such an outcome. The recent trend of US prosecutors trying to export the supremacy of the US legal system over local ones, and imposing egregious fines on all and sundry (Deutsche Bank, Volkswagen) can only push German business leaders further down that path.</p> <p>Of course, as Frenchmen, we know that nothing good comes of:</p> <ul> <li>Germany and Russia getting along like a house on fire.</li> <li>Britain retreating back to its island.</li> </ul> <p>And we would suggest that President Emmanuel Macron is also keenly aware of this. Which explains he is so far the only Western leader to have gone out of his way to be nice to President Trump; aside from the Polish President of course (more on that later).</p> <p>Macron has bent over to accommodate Merkel. And let’s face it, his task is not easy. For as good as our president may be with the older ladies, he needs to convince Merkel to walk away from the above win-win and keep Germany committed to the greater European integration exercise, and Germany wedded to its role inside the broader “maritime empire”.</p> <p><strong>Germany as the sole paymaster</strong></p> <p>Now, to be fair, the German population has enthusiastically supported the European integration project, partly out of historical guilt (now abating as the share of the population alive in World War II fast shrinks) and partly because it has been a boon to German exporters. However, recent years have highlighted that the low hanging fruit of European integration has been harvested. And to stay afloat, <strong>the European project now needs Berlin to transfer 2%-6% of GDP to poorer, less productive, European Union countries (especially as the UK will soon stop paying into EU coffers). </strong>This is a hard sell, even for a politician as gifted as Macron. Soon, Germany may be the only meaningful contributor to French agricultural subsidies; and that is unlikely to go down well with the average Bavarian housewife.</p> <p>Which brings us to the only other Western leader who has publicly embraced the current incumbent of the White House, namely Polish president, Andreszj Duda. After all, History suggests that France should not be the only country worried about a German rapprochement with the new “land-based empire”. Most Eastern European countries, in particular Poland, have similar reactions to such a hook-up. In fact, <strong>threat of a German-Russian rapprochement may already be creating the birth of a new, Austro-Hungarian empire, aka the Visegrad Group alliance of the Czech Republic, Hungary, Poland and Slovakia.</strong></p> <p>Historically, the role of the Austrian empire was to protect Europe from the Turks and also to stop an alliance between Prussia and Russia. For the time being the Visegrad group is negotiating (rather unsuccessfully) with Berlin about how to handle thousands of “Turks” (at least migrants entering Europe through Turkey, whether those migrants come from North Africa, the Middle-East, Afghanistan, Bangladesh or elsewhere is almost irrelevant). This Eastern grouping may have to address, sooner than they think, a German-Russian rapprochement.</p> <p>Just as importantly, the re-emergence of the Austrian empire is incompatible with the “Europe as a Nation” project. In the world we are describing Poland, followed by Hungary and the Czech Republic, may be the next countries to leave the EU. Although in so doing, the Visegrad Group would almost guarantee the feared rapprochement between&nbsp; Germany and Russia. Of course the Eastern European nations would only make such a move if they were militarily guaranteed by the US. <strong>And, by an amazing coincidence, this is exactly the promise that President Trump just delivered in Warsaw!</strong></p> <p>For the “maritime empire”, a loss of Germany would have to be rapidly compensated by an increased presence in Poland, the Czech Republic, Austria, Lithuania and almost every country East of Berlin and West of Moscow. <strong>Of course, this is what France and England (the “maritime empires of the day”) did in the 1930s— with limited success</strong>. </p> <p><strong>Conclusion</strong></p> <p>History shows that maritime powers almost always have the upper hand in any clash; if only because moving goods by sea is cheaper, more efficient, easier to control, and often faster, than moving them by land. So there is little doubt that the US continues to have the advantage. Simple logic, suggests that goods should continue to be moved from Shanghai to Rotterdam by ship, rather than by rail.</p> <p>Unless, of course, a rising continental power wants to avoid the sea lanes controlled by its rival. Such a rival would have little choice but developing land routes; which of course is what China is doing. The fact that these land routes may not be as efficient as the US controlled sealanes is almost as irrelevant as the constant cost over-run of any major US defense projects. Both are necessary to achieve imperial status.</p> <p>As British historian Cyril Northcote Parkinson highlighted in his mustread <em>East And West, </em>empires tend to expand naturally, not out of megalomania, but simple commercial interest: “The true explanation lies in the very nature of the trade route. Having gone to all expenses involved… the rule cannot be expected to leave the far terminus in the hands of another power.” And indeed, the power that controls the end points on the trading road, and the power that controls the road, is the power that makes the money. <strong>Clearly, this is what China is trying to achieve, but trying to do so without entering into open conflict with the United States; perhaps because China knows the poor track record of continental empires picking fights with the maritime power</strong>.</p> <p>Still, <strong>by focusing almost myopically on Russia, the US risks having its current massive head-start gradually eroded. </strong>And obvious signs of this erosion may occur in the coming years if and when the following happens: </p> <ul> <li>Saudi Arabia adopts the renminbi for oil payments</li> <li>Germany changes its stripes and cozies up to Russia and pretty much gives up on the whole European integration charade in order to follow its own naked self-interest.</li> </ul> <p>The latter two events may, of course, not happen. Still, a few years ago, we would have dismissed such talk as not even worthy of the craziest of conspiracy theories. Today, however, we are a lot less sure. And our concern is that either of the above events could end up having a dramatic impact on a number of asset classes and portfolios.</p> <p>And <strong>the possible catalyst for these changes is China’s effort to create a renminbi-based gold market in Hong Kong. For while the key change to our global financial infrastructure (namely oil payments occurring in renminbi) has yet to fully arrive, the ability to transform renminbi into gold, without having to bring the currency back into China </strong>(assuming Hong Kong is not “really” part of China as it has its own supreme court and independent justice system… just about!) is a likely game-changer. </p> <p>Clearly, China is erecting the financial architecture for the above to occur. This does not mean the initiative will be a success. China could easily be sitting on a dud. But still, we should give credit to Beijing’s policymakers for their sense of timing for has there ever been a better time to promote an alternative to the US dollar? If you are sitting in Russia, Qatar, Iran, or Venezuela and listening to the rhetoric coming out of Washington, would you feel that comfortable keeping your assets, and denominating your trade, in dollars? Or would you perhaps be looking for alternatives?</p> <p><strong>This is what makes today’s US policy hard to understand. Just when China is starting to offer an alternative—an alternative that the US should be trying to bury—the US is moving to “weaponize” the dollar and pound other nations—even those as geo-strategically vital as Russia—for simple domestic political reasons. It all seems so short-sighted</strong>.</p> <p>* * * </p> <p>And so, if any of the above sounds even remotely plausible, then some investments may be today grotesquely mispriced, including:</p> <ul> <li><strong>SELL US, British and French defense stocks: </strong>we may be reaching peak “military industrial complex”. In the coming years, the main foreign clients of Western weapons, namely Middle-Eastern monarchies may either (i) implode or (ii) take their business to China/ Russia. Meanwhile, Western defense stocks are priced for an ever growing order book.</li> <li><strong>SELL French bonds and (non-Russian) Eastern European bonds:</strong> There is little value in these bond markets and should Germany ever decide to rotate away from further European integration, they would crash. At this point, these bond markets represent “return-free risk”.</li> <li><strong>BUY Russian bonds: </strong>Russian bonds may well be among the world’s cheapest, yielding almost 8% for a real yield of above 4%. This for a country with almost no external debt to speak of, huge amounts of (Chinese) capital about to pour in, and a by-now established position as the first supplier into the world’s fastest growing market for oil imports.</li> <li><strong>BUY Russian energy stocks: </strong>One of two things will happen. If Saudi Arabia continues to refuse renminbi payments, Russian energy companies will end up owning the Chinese market. Alternatively, if Saudi starts to accept renminbi payments for its oil, the US dollar will take another leg-down and energy prices will rebound (ensuring a rebound in oil stocks everywhere).</li> <li><strong>BUY Renminbi bonds: </strong>As China moves to create both oil and gold contracts denominated in renminbi, and as more Asian and global trade starts to be denominated in renminbi, it is hard to think that total returns on renminbi bonds will not surpass those of most Western currencies. The returns may come from falling interest rates (as a growing number of market participants are forced to keep renminbi deposits to fund trade), or rising exchange rates. Or, most likely, a combination of both. But today, very few investors, and even fewer large institutions own any renminbi bonds. In five years’ time, the situation may be very different and it may make sense to buy renminbi bonds before Saudi Arabia confirms the currency shift as by that point a lot of the gains will likely have been harvested.</li> <li><strong>BUY Gold and precious metal miners: </strong>In an initial phase, most countries and market participants will likely stay skeptical of China. As such, the demand for gold, as settlement for renminbi trade, will likely pick-up. At the very least, at current valuations, gold miners can be considered an option on market participants doing more in renminbi (to please China), yet exchanging their renminbi for gold (out of a lack of trust for the new continental empire). </li> </ul> <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="1024" height="546" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/gavekal%20risk%20teaser.jpg?1503196085" /> </div> </div> </div> http://www.zerohedge.com/news/2017-08-19/gavekal-coming-clash-empires-russias-role-global-game-changer#comments Afghanistan Asia Bond Budget Deficit China Czech Death Watch default Deutsche Bank Eastern Europe Equity Markets European Union European Union Excess Reserves France Germany Greece Hong Kong Hungary International Monetary Fund International Monetary Fund Iran Japan KIM Lithuania Middle East Napoleon Natural Gas Nuclear Power Oklahoma Poland Real estate Renminbi Reserve Currency Saudi Arabia Slovakia Stop Trading Turkey U.S. Treasury Uzbekistan Volkswagen White House White House World Bank Sun, 20 Aug 2017 02:29:26 +0000 Tyler Durden 601977 at http://www.zerohedge.com Paul Craig Roberts Reminds America - "A House Divided Against Itself Cannot Stand" http://www.zerohedge.com/news/2017-08-19/paul-craig-roberts-reminds-america-house-divided-against-itself-cannot-stand <p><a href="http://www.paulcraigroberts.org/2017/08/17/house-divided-cannot-stand/"><em>Authored by Paul Craig Roberts,</em></a></p> <p>The liberal/progressive/left are enjoying their drunkfest of denunciation. <strong>I can&rsquo;t say I have ever witnessed anything like it.</strong> These are the people who sat on their hands for 16 years while Washington destroyed in whole or part seven countries. Not being satisfied with this level of warmongering and crimes against humanity, Washington orchestrated a conflict situation with Russia. Americans elected a president who said he would defuse this dangerous conflict, and the liberal/progressive/left turned on him. In contrast, one person is killed after the hated Charlottesville protest event was over, and there is endless absurd outrage against the president of the US.</p> <p>Three New York Times presstitutes yesterday blamed the crisis on Trump, declaring him &ldquo;increasingly isolated in a racial crisis of his own making.&rdquo; <strong>Apparently, Trump is responsible for the crisis because he blamed both protest groups for the violence.</strong></p> <p><em><strong>But isn&rsquo;t that what happened? Wasn&rsquo;t there violence on both sides? </strong></em>That was the impression I got from the news reporting. I&rsquo;m not surprised that Trump got the same impression. Indeed, many readers have sent emails that they received the same impression of mutual violence.</p> <p><strong>So Trump is being damned for stating the truth.</strong></p> <p>Let&rsquo;s assume that the impression Trump and many others got from the news is wrong. That would make Trump guilty of arriving at a mistaken conclusion. Yet, he is accused of instigating and supporting Nazi violence. How is it possible to transform a mistake into evil intent? A mistaken impression gained from news reporting does not constitute a &ldquo;defense of white nationalist protesters.&rdquo; An assertion by the New York Times cannot turn the absence of intent into intent. What the Establishment is trying to do is to push Trump into the arms of white supremacists, which is where they want him.</p> <p>Clearly, there is no basis for this charge. It is a lie, an orchestration that is being used to delegitimize President Trump and those who elected him.</p> <p><u><strong>The question is: who is behind this orchestration?</strong></u></p> <p><em><strong>The orchestration is causing people to run away from Trump or is being used as an excuse by them to further the plot to remove him from office.</strong></em></p> <p>Trump&rsquo;s Strategic and Policy Forum headed by Stephen A. Schwarzman ran away, just as members of the Carter Center&rsquo;s board deserted President Jimmy Carter when he criticized Israel for its apartheid policy toward the Palestinians. The New York Times says that the armed services chiefs are running away. And the entire Republican Party.</p> <p><strong>The hypocrisy is stunning. </strong>For 16 years the armed services chiefs, the New York Times and the rest of the presstitute media, both political parties and the liberal/progressive/left have participated actively or passively in massive crimes against humanity. There are millions of dead, maimed, and displaced people. Yet one death in Charlottesville has produced a greater outpouring of protest.</p> <p><strong>I don&rsquo;t believe it is sincere.</strong> I don&rsquo;t believe that people who are insensitive to the deaths of millions at the hands of their government can be so upset over the death of one person. Assume that Trump is responsible for the death of the woman. How much blood is it compared to the blood on the hands of Bill Clinton, George W. Bush, and Obama? It seems clear enough that the outpouring of grief is an orchestration designed to deligitimize the president and the people who elected him. We are now experiencing at home what the Obama regime inflicted on Ukraine, with the support of course of the liberal/progressive/left just as John Wight said in CounterPunch.</p> <p><strong>Just as the majority of the Maidan protesters had no idea they were being used, the same is the case for the majority of those protesting the false charge against Trump.</strong> For most of the liberal/progressive/left, the hatred of Trump and white nationalists that they are expressing is a reflexive result of the Identity Politics with which they are imbued.</p> <p>Any objective reading of the situation has to conclude that the hate with which Trump and the &ldquo;deplorables&rdquo; who elected him are being covered far exceeds in amount the hate expressed by the white nationalists.</p> <p><strong>Members of the liberal/progressive/left are proclaiming that despicable people such as white nationalists should not be allowed to protest and should not be given a permit to protest. They forget that protest is a right.</strong></p> <p>The US Supreme Court settled the issue 40 years ago in 1977 by overturning an Illinois court order that blocked an extremist protest in Skokie, a Jewish suburb of Chicago. The Supreme Court ruled that protest is not limited by the fact that some people will be offended or by the chance that there will be violent reactions. Otherwise, whatever faction happens to be in charge can suppress dissent by everyone else.</p> <p><strong>For decades the liberal/progressive/left has invested heavily in driving people apart. </strong>Black studies, women&rsquo;s studies, and Native American studies can easily cross into propaganda that generates hatred. <strong><em>As a man of peace said, &ldquo;a house divided against itself cannot stand.&rdquo;</em></strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/08/19/20170819_pcr.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/08/19/20170819_pcr_0.jpg" style="width: 600px; height: 475px;" /></a></p> <p><strong>Charlottesville has given us a debauchery of denunciation that proves that we are a divided nation. </strong>Does a nation so divided really want to be in conflict with Russia and China and Iran? If the US is the institutionalization of White Supremacy as the liberal/progressive/left says, <em><strong>how can it be that Americans are simultaneously the &ldquo;exceptional, indispensable people&rdquo; with the right to bomb other peoples into the stone age?</strong></em></p> <p>Obviously, there is a lot in this scenario that does not make sense.</p> <p><strong>My readers on my website are people capable of independent thought. </strong>They understand that an explanation of something is not an excuse for it. My explanations are explanations. They might be wrong, but they are not apologies. I find it necessary to say this, because my columns are reposted on many other websites where some of the audience wants to hear only what they already believe and are always looking for someone to denounce. It is a great disability for the United States that only a limited number of its citizens are capable of independent thought. Perhaps this is a problem for every country, but it most certainly is a problem for the United States.</p> <p><strong>The United States has another great disability, and that is that its intellectual class, or perhaps I should say its semi-intellectual class, has a large contingent of cowards who are too fearful to be truthful. </strong>Of course, considering the witchhunt mentality that Identity Politics has created, they have reasons to be fearful, but their cowardice leaves the burden of searching for and defending truth to a few.</p> <p>*&nbsp; *&nbsp; *</p> <p><em><strong>Note</strong>: Virginia governor McAuliffe made false claims that were spread around the world by the presstitutes that the white nationalists had weapons caches and that the Virginia police were outgunned by the supremacists. <a href="http://reason.com/blog/2017/08/16/virginia-state-police-say-they-didnt-fin">Reason.com reports</a> that the police have contradicted the moronic governor with the statement that no such weapons caches were found.&nbsp;<a href="http://reason.com/blog/2017/08/16/virginia-state-police-say-they-didnt-fin" target="_blank"> </a></em></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="770" height="407" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170819_pcr1.jpg?1503168228" /> </div> </div> </div> http://www.zerohedge.com/news/2017-08-19/paul-craig-roberts-reminds-america-house-divided-against-itself-cannot-stand#comments Alt-right American people of German descent Basket of deplorables Business China Climate change skepticism and denial Donald Trump Donald Trump presidential campaign Draft:Hector Sarmiento Illinois Illinois court Iran Israel liberal New York Times Politics Politics of the United States Republican Party The Apprentice U.S. Supreme Court Ukraine United States Virginia Police WWE Hall of Fame Sun, 20 Aug 2017 02:20:00 +0000 Tyler Durden 601969 at http://www.zerohedge.com