http://www.zerohedge.com/fullrss2.xml/RK%3D0/RS%3DpaKQLtATdb30RqyzR1LMYUxQPio- en Mattis "We're Not In Iraq To Seize Anybody's Oil" http://www.zerohedge.com/news/2017-02-20/mattis-tells-iraq-we-are-not-here-seize-your-oil <p>In the latest distancing by Trump administration advisors from recent statements by the President, Defense Secretary Jim Mattis arrived in Baghdad on an unannounced visit on Monday to discuss the war effort against ISIS, and said that the US military is not in Iraq "<strong>to seize anybody’s oil." </strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/mattis%20iraq.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/mattis%20iraq_0.jpg" width="500" height="278" /></a><br /><em>Secretary of Defence, James Mattis, arrives in Baghdad, February 20, 2017</em></p> <p>Speaking to a small group of reporters traveling with him, Mattis was <a href="http://www.reuters.com/article/us-mideast-crisis-iraq-mattis-idUSKBN15Z0K0">quoted by Reuters as saying </a><strong>“I think all of us here in this room, all of us in America, have generally paid for our gas and oil all along and I’m sure that we will continue to do so in the future." </strong></p> <p>On his first trip to Iraq as Pentagon chief, Mattis is set to assess the war effort against the Islamic State as Iraqi forces launch a new push to evict ISIS militants from their remaining stronghold in the city of Mosul. In Iraq, he is likely to face questions about Trump's remarks and actions, including a temporary ban on travel to the United States and for saying America should have seized Iraq's oil after toppling Saddam Hussein in 2003. Trump told CIA staff in January: "We should have kept the oil. But okay. Maybe you'll have another chance."</p> <p>Trump later clarified his <a href="with ABC">position in an ABC interview</a>. The president said ISIS would not have become a global threat if it hadn’t taken over Iraq’s oil industry when the country was left weakened by the war.</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>“We should’ve kept the oil when we got out. And, you know, it’s very interesting, had we taken the oil, you wouldn’t have ISIS, because they fuel themselves with the oil. That’s where they got the money. They got the money… when we left, we left Iraq, which wasn’t a government. </p> <p>&nbsp;</p> <p>“We created a vacuum and ISIS formed. But had we taken the oil, something else very good would’ve happened. They would not have been able to fuel their rather unbelievable drive to destroy large portions of the world,” Trump noted, while adding that Iraq’s oil could have been beneficial for the United States too, as the country’s budget has been drained by involvement in Middle East wars.</p> </blockquote> <p>Mattis, however, flatly ruled out any such intent. "<strong>We're not in Iraq to seize anybody's oil," </strong>he told reporters traveling with him, although one wonders if the Bush presidential dynasty would have a strongly differing opinion.</p> <p>His remarks are the latest example of his policy differences with Trump. Trump has acknowledged that Mattis did not agree with him about the usefulness of torture as an interrogation tactic but, in a sign of Mattis' influence, said he would defer the matter to his defense secretary. </p> <p>The retired Marine general, who led American troops in Iraq, said he had sought an exemption from Trump's travel ban for Iraqis who served with U.S. troops, including translators. He said he had not seen a new executive order which the administration is considering. "But I right now am assured that we will take steps to allow those who have fought alongside us, for example, to be allowed into the United States," Mattis said. Mattis has also been more critical than Trump of Russian President Vladimir Putin, and distanced himself from Trump's labeling of the media as "the enemy of the American people," saying he had no problems with the press. </p> <p>* * * </p> <p>Mattis' visit comes one day after Iraqi Prime Minister Haider al-Abadi announced the start of the ground offensive on western Mosul, where Islamic State militants are essentially under siege along with an estimated 650,000 civilians. Last week, Iraqi aircraft dropped millions of leaflets in western Mosul, calling on residents to get ready to welcome the Iraqi troops, as the siege on the militants continues.&nbsp; The insurgents were forced out of the east of the city last month after 100 days of fighting.</p> <p>In October, Iraqi forces, backed by the US-led international coalition, launched a campaign to retake Mosul. Last month the US-led coalition admitted to “unintentionally” killing at least 188 civilians in Syria and Iraq since 2014, when the airstrikes against Islamic State began. As of February 14, 2017, the US-led coalition had conducted a total of 18,250 strikes (11,102 Iraq / 7,148 Syria), the US Department of Defense reported. </p> <p>The U.S. commander in Iraq, Army Lieutenant General Stephen Townsend, has said he believes U.S.-backed forces will recapture both of Islamic State's major strongholds - Mosul and the city of Raqqa in Syria - within the next six months. The defense secretary's strategy review could lead to additional deployment of U.S. forces, beyond the less than 6,000 American troops deployed to both Iraq and Syria today. </p> <p>Experts say the Pentagon may also look at increasing the number of attack helicopters and air strikes and bringing in more artillery, as well as granting greater authority to battlefield commanders fighting Islamic State.</p> <p>Meanwhile, as Reuters adds, the future for U.S. forces in Iraq, and for Iraq's fragmented society, is unclear once the hardline Sunni group has been expelled from Mosul. Mattis told the Senate last month that the top U.S. goal in Iraq should be "to ensure that it does not become a rump state of the regime in Tehran", which has close ties with the Shi'ite political elite ruling Iraq.</p> <p>A power struggle appears to be taking root between Iraq's Shi'ite leaders. Influential cleric Moqtada al-Sadr, who is openly hostile to Washington's policies in the Middle East, has begun mobilizing supporters ahead of parliamentary and provincial elections. </p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>Sadr on Monday said the government should demand the withdrawal of U.S. and allied forces after the battle of Mosul. "The Iraqi government has to demand that all occupying and so-called friendly forces leave Iraq in order to preserve the prestige and the sovereignty of the state," he said. Sadr's main rival is former prime minister Nuri al-Maliki, a pro-Iranian politician re-emerging as a possible kingmaker or even for a return to the premiership itself.</p> </blockquote> <p>With Mattis' star status in the international arena rapidly rising, and threatening to soon eclipse that of his boss, it is unclear if Trump will be content to hand over the reigns of foreign policy to his defense secretary even as Rex Tillerson seemingly struggles to decide if he is part of the <a href="http://www.zerohedge.com/news/2017-02-18/mike-pence-vows-unwavering-support-nato-pledges-hold-russia-accountable">Trump/Bannon or Pence/Mattis axis</a>, or if Trump will seek to pressure the views of retired Marine Corps general into converging with his own. </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="900" height="500" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/mattis%20iraq.jpg?1487602665" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-20/mattis-tells-iraq-we-are-not-here-seize-your-oil#comments Battle of Mosul Central Intelligence Agency Iraq Iraqi Civil War 2014–present) Iraqi government Iraqi insurgency Islamic State of Iraq and the Levant James Mattis Middle East Middle East Military Military history by country Mosul Mosul offensive Northern Iraq offensive Pentagon Politics Politics of Iraq Reuters Rex Tillerson Senate Terrorism in Iraq Trump Administration U.S. Department of Defense United States Marine Corps US military Vladimir Putin War Mon, 20 Feb 2017 14:57:48 +0000 Tyler Durden 588603 at http://www.zerohedge.com What Trump Should Do to Oust McCain http://www.zerohedge.com/news/2017-02-20/what-trump-should-do-oust-mccain <blockquote style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><p>Via <a href="http://www.thedailybell.com">The Daily Bell</a></p> <p>&nbsp;</p> <p>John McCain Becomes Critic in Chief of the Trump Administration ... Senator John McCain has long had a reputation as a political maverick. But with the rise of a president who has vowed to shatter the old order, Mr. McCain has emerged as an outspoken defender of longstanding Republican verities on foreign policy and as one of his party’s most biting critics of the new commander in chief. - New York Times</p> </blockquote> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">Why doesn't President Trump just confront McCain on his denials that captured troops were left behind in Vietnam? That would be one way to go after McCain and the idea that he is an honorable man. What kind of individual argues for 50 years that there are no prisoners in Vietnam post-war when there probably were at least a thousand or more?</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">For decades, McCain has been in the forefront of denying that Hanoi had prisoners it hadn't released at the end of the war. Hanoi actually kept these troops as bargaining chips subject to further negotiations that never occurred. Now, with both Hanoi and Washington denying such left-behind troops, their chances of their freedom has dwindled&nbsp;to virtually nothing.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">Sydney Schanberg back in 2010 wrote what is perhaps the most convincingly argued article for additional POWs retained by Hanoi after the end of the war. It has well over ten points developed in detail rebutting McCain's claims.</p> <blockquote style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><p>Schanberg has been a journalist for nearly 50 years. The 1984 movie “The Killing Fields,” was based on his book The Death and Life of Dith Pran. In 1975, Schanberg was awarded the Pulitzer Prize for international reporting “at great risk.” He is also the recipient of two George Polk awards, two Overseas Press Club awards, and the Sigma Delta Chi prize for distinguished journalism.</p> </blockquote> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">More from the McCain article at the beginning of this story:</p> <blockquote style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><p>Newly re-elected to a six-year term and eager to wield the megaphone that comes with the chairmanship of the powerful Armed Services Committee, Mr. McCain has repeatedly pushed back on the White House’s national security policies in its first weeks.</p> <p>&nbsp;</p> <p>In a star turn at a security conference in Munich on Friday, he delivered a forceful critique of President Trump’s “America First” vision before a receptive audience of experts and allied officials worried about American drift from a seven-decade-old Western alliance.</p> <p>&nbsp;</p> <p>“Make no mistake, my friends, these are dangerous times,” Mr. McCain said. “But you should not count America out, and we should not count each other out.”</p> <p>&nbsp;</p> <p>“In many respects, this administration is in disarray, and they’ve got a lot of work to do,” he said.</p> </blockquote> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">This is the sort of rhetoric that McCain has been disseminating since Trump got into office. He also challenged Mr. Trump on the issues that media is “the enemy of the American people.” On many subjects he comes down opposite to&nbsp;Trump.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">This wouldn't be so bad if Trump's positions were horrible. But some of his positions are very good if you believer with Trump that globalists ought not to take over America. Overall, Trump abuses the presidency as much as previous presidents by&nbsp;taking powers that don't belong to him. But in trying tov beat back globalist interference he has been better than any president since Reagan.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">Right now McCain is the bigger problem because he so obviously believes in much of the globalist agenda. There is little he rejects though he doesn't come right out and say he is an explicit endorser. But he is.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">Trump could rebut McCain in a number of ways but the most convincing might indeed be via the prisoner issue. Many&nbsp;prisoners were probably left behind in Vietnam though many have probably died by now.</p> <blockquote style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><p>In 1990, Col. Millard Peck, a decorated infantry veteran of Vietnam then working at the DIA as chief of the Asia Division for Current Intelligence, asked for the job of chief of the DIA’s Special Office for Prisoners of War and Missing in Action. His reason for seeking the transfer, which was not a promotion, was that he had heard from officials throughout the Pentagon that the POW/MIA office had been turned into a waste-disposal unit for getting rid of unwanted evidence about live prisoners—a “black hole,” these officials called it.</p> <p>&nbsp;</p> <p>Peck explained all this in his telling resignation letter of Feb. 12, 1991, eight months after he had taken the job. He said he viewed it as “sort of a holy crusade” to restore the integrity of the office but was defeated by the Pentagon machine. The four-page, single-spaced letter was scathing, describing the putative search for missing men as “a cover-up.”</p> </blockquote> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">Schanberg is right to raise the issues of the POW's and McCain is wrong to continue his coverup. On the other hand, there are complicating issues. McCain himself was a POW and quickly and exhaustively cooperated with his captors. There may be personal issues as to why McCain does not want captives returned. He has termed the idea of POWs a "conspiracy theory."</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong>Conclusion:&nbsp;</strong>McCain obviously has deep anger issues regarding POWs. He is also an advocate of globalism. He is consistently on the wrong side of issues as they occur on the biggest questions of the day. Whatever else Trump does or doesn't do, taking on McCain and effectively removing some of his power would be a big favor. There likely will be an explosion between these two sooner or later, if only because McCain is so angry.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">&nbsp;</p> http://www.zerohedge.com/news/2017-02-20/what-trump-should-do-oust-mccain#comments Armed Services Committee Asia Division Current Intelligence DIA’s Special office for Prisoners of War and Missing Donald Trump International Republican Institute John McCain John McCain McCain Military Military brats Military personnel national security New York Times Overseas Press Club Pentagon Political positions of John McCain Recipients of the Legion of Merit Sydney Schanberg Trump Administration United States Vietnam War Vietnam War POW/MIA issue War White House Mon, 20 Feb 2017 14:57:22 +0000 TDB 588602 at http://www.zerohedge.com Trump Slams 'Fake News' Lies That Sweden's Mass Immigration "Is Working Out Just Beautifully" http://www.zerohedge.com/news/2017-02-20/trump-slams-fake-news-lies-swedens-mass-immigration-working-out-just-beautifully <p>Having clarified his comments with regard Sweden over the weekend, President Trump has taken to Twitter to try and stop the inevitable groundswell and ignorance from the mainstream media about Sweden&#39;s immigration disaster...</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Give the public a break - The FAKE NEWS media is trying to say that large scale immigration in Sweden is working out just beautifully. NOT!</p> <p>&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/833681539997253636">February 20, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p><span id="cke_bm_304S" style="display: none;">&nbsp;</span><span id="cke_bm_305S" style="display: none;">&nbsp;</span>Anyone - <strong>media or politician - claiming that the Swedish people are just cock-a-hoop at the government&#39;s immigration decisions is either lying or delusional</strong>.<span id="cke_bm_305E" style="display: none;">&nbsp;</span><span id="cke_bm_304E" style="display: none;">&nbsp;</span> Over the past year we have detailed the Scandinavian utopia&#39;s problems numerous times:</p> <ul> <li><a href="http://www.zerohedge.com/news/2015-11-30/sweden-no-apartments-no-jobs-no-shopping-without-gun">Nov 2015 - Sweden: &quot;No Apartments, No Jobs, No Shopping Without A Gun&quot;</a></li> <li><a href="http://www.zerohedge.com/news/2016-02-22/there-definitely-something-strange-going-sweden">Feb 2016 - &quot;There Is Definitely Something Strange Going On&quot; In Sweden</a></li> <li><a href="http://www.zerohedge.com/news/2016-05-31/swedens-migrant-rape-epidemic-explained">May 2016 - Sweden&#39;s Migrant Rape Epidemic Explained</a></li> <li><a href="http://www.zerohedge.com/news/2017-02-07/swedish-cop-posts-epic-facebook-rant-immigrant-crime-ignites-nationwide-firestorm">Feb 2017 - Swedish Cop Posts Epic Facebook Rant On Immigrant Crime; Ignites Nationwide Firestorm</a></li> </ul> <p>Or just ask this &#39;60 Minutes&#39; crew how &#39;fantastic&#39; everything is...</p> <blockquote class="twitter-video"><p dir="ltr" lang="en">Irony at its finest: &#39;60 Minutes&#39; goes to Sweden to show how peaceful refugees are.. Entire crew gets assaulted by refugees!<a href="https://twitter.com/hashtag/SwedenIncident?src=hash">#SwedenIncident</a> <a href="https://t.co/7ZnCejuMFo">pic.twitter.com/7ZnCejuMFo</a></p> <p>&mdash; Tennessee (@TEN_GOP) <a href="https://twitter.com/TEN_GOP/status/833413245356560384">February 19, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>So, <a href="http://heatst.com/politics/looks-like-donald-trump-was-right-about-sweden-after-all/">as HeatSt.com reports</a>, <strong>President Trump was right about Sweden after all</strong>...</p> <p>President Donald Trump was the subject of mockery on Sunday after delivering a speech in Florida in which&nbsp;he referred to an incident &ldquo;last night in Sweden&rdquo; &mdash; but he appears to have&nbsp;been referring to an actual, accurate news report, albeit one that wasn&rsquo;t <em>technically&nbsp;</em>live or breaking.</p> <p class="add-banner-after">As soon as the words flew from Trump&rsquo;s mouth, social media began buzzing with jokes about his &ldquo;fake news&rdquo; story about a migrant attack in the historic Scandinavian&nbsp;country. The<a href="https://twitter.com/hashtag/lastnightinsweden?src=hash"> hashtag, #lastnightinSweden cropped up</a>, warning the world that Sweden might be plotting a takeover, with its pickled herring and its cheap do-it-yourself furniture (<a href="http://heatst.com/culture-wars/ikea-israel-slammed-for-pandering-and-misogynistic-male-only-catalog/">see our related article on IKEA Israel!</a>).</p> <p>Even Chelsea Clinton, whose mother famously made up a story about being shot at by snipers as she boarded a plane in Bosnia, got in on the action.</p> <p><img src="http://heatst.com/wp-content/uploads/2017/02/chelsea.png?w=619" style="height: 319px; width: 600px;" /><a class="share-button-container pinterest-image" href="http://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fheatst.com%2F&amp;media=http%3A%2F%2Fheatst.com%2Fwp-content%2Fuploads%2F2017%2F02%2Fchelsea.png%3Fw%3D619&amp;description=" target="_blank"><span class="social-icon three">&nbsp;</span></a></p> <p>Trump also<a href="http://www.reuters.com/article/us-usa-trump-sweden-idUSKBN15Y0QH">&nbsp;managed to baffle Sweden itself</a>, which responded by asking the Trump Administration for any inside information they might have about a recent attack in their country.</p> <p><u><strong>But Trump may not have been wrong &ndash; at least, in terms of subject matter.</strong></u> Friday night,&nbsp;<a href="http://www.mediaite.com/online/did-trump-think-there-was-an-attack-in-sweden-because-of-a-tucker-carlson-segment/"><em>Fox News</em> host Tucker Carlson interviewed documentarian Ami Horowitz</a>&nbsp;about&nbsp;his upcoming film about violence involving migrants in Sweden. <strong>Horowitz claims that the Swedish government is downplaying an uptick in violence that followed a wave of refugee migration into the country.</strong></p> <p>During the segment, Carlson showed contemporary clips from&nbsp;the documentary.</p> <p><img src="http://heatst.com/wp-content/uploads/2017/02/trumpsweden.png?w=619" style="height: 349px; width: 600px;" /></p> <p>Trump has said that he gets most of his information from watching television, primarily&nbsp;<em>Fox News</em> and other 24-hour cable news networks. It&rsquo;s no surprise, then, that the story of Sweden to which he referred originated on a hugely popular prime time news program.</p> <p>Trump&rsquo;s Twitter critics were just interpreting him too literally.</p> <p><strong>As for Sweden, Ami Horowitz&rsquo;s film<a href="http://www.nationalreview.com/corner/443073/rape-violence-sweden-immigration-refugees-ami-horowitz-video"> shows a country that is deep in denial about a&nbsp;growing problem of migrant violence</a></strong> &ndash; including a sharp uptick in rape over the last five years. Horowitz claims that the increase correlates directly to Sweden&rsquo;s refugee acceptance program; the country has&nbsp;taken in more than 190,000 Muslim immigrants in the same time frame.</p> <p><strong>Sweden, Horowitz says, is hiding the truth about its situation, and the Swedish people want their country to adapt to the migrants, rather than requiring the migrants to adapt to Sweden.</strong></p> <p><iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/sdGPPLmR5Bc" 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="546" height="370" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170220_sweden.jpg?1487601058" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-20/trump-slams-fake-news-lies-swedens-mass-immigration-working-out-just-beautifully#comments Alt-right Business Chelsea Clinton Climate change skepticism and denial Conservatism in the United States Donald Trump Donald Trump Florida Fox News Ikea Israel Politics Politics Politics of the United States Republican Party Social Issues Sweden Swedish government The Apprentice Trump Administration Twitter Twitter WWE Hall of Fame Mon, 20 Feb 2017 14:31:16 +0000 Tyler Durden 588601 at http://www.zerohedge.com The NY Times Asks "How Can We Get Rid Of Trump?" http://www.zerohedge.com/news/2017-02-20/ny-times-asks-how-we-can-get-rid-trump <p class="story-body-text story-content">The always &#39;fair and balanced&#39; <a href="https://www.nytimes.com/2017/02/18/opinion/sunday/how-can-we-get-rid-of-trump.html?smid=tw-share&amp;_r=1">New York Times&#39; Nicholas Kristof</a> <em>(author of such &#39;real news&#39; as &quot;Donald Trump: Kremlin Employee of the Month?&quot;, &quot;What Did Trump Know, and When Did He Know It?&quot; and &quot;Donald Trump: The Russian Poodle&quot;)</em> has outdone himself with <a href="https://www.nytimes.com/2017/02/18/opinion/sunday/how-can-we-get-rid-of-trump.html?smid=tw-share&amp;_r=1"><em>this week&#39;s &#39;opinion&#39; piece</em></a>, asking<u><strong><em> &quot;We&rsquo;re just a month into the Trump presidency, and already so many are wondering: How can we end it?&quot;</em></strong></u></p> <p class="story-body-text story-content"><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170220_trump.jpg"><u><strong><em><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170220_trump.jpg" style="width: 600px; height: 359px;" /></em></strong></u></a></p> <p>While thousands turn out to Trump&#39;s rallies, and several polls suggest the America that voted for Trump is still supportive of Trump and his actions, <a href="https://www.nytimes.com/2017/02/18/opinion/sunday/how-can-we-get-rid-of-trump.html?smid=tw-share&amp;_r=1">Kristoff </a>points out that one poll from <a href="http://www.publicpolicypolling.com/main/2017/02/americans-now-evenly-divided-on-impeaching-trump.html">Public Policy Polling</a> found that as many Americans &mdash; <strong>46 percent &mdash; favor impeachment of President Trump</strong> as oppose it. Ladbrokes, the betting website, offers even odds that Trump <a href="http://news.ladbrokes.com/betting/donald-trump-odds">will resign or leave office</a> through impeachment before his term ends.</p> <p class="story-body-text story-content"><strong>Sky Bet, another site, is taking wagers on whether Trump will be <a href="https://www.skybet.com/politics/us-politics/event/20051734?action=GoRBSBetslip&amp;bsnls=1&amp;bsopen=1">out of office by July</a>.</strong></p> <p class="story-body-text story-content">There have been more than 1,000 references to &ldquo;Watergate&rdquo; in the news media in the last week, according to the Nexis archival site, with even some conservatives calling for Trump&rsquo;s <a href="http://www.hoover.org/research/time-trump-resign">resignation </a>or <a href="https://www.wsj.com/articles/is-this-trumps-watergate-1487203208?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=newsletter_axiosam">warning</a> that he could be pushed out. Dan Rather, the former CBS News anchor who covered Watergate,<a href="https://www.facebook.com/theDanRather/posts/10158205383810716"> says</a> that Trump&rsquo;s Russia scandal isn&rsquo;t now at the level of Watergate but could become at least as big.</p> <p class="story-body-text story-content" id="story-continues-2"><strong>Maybe things will settle down.</strong> But what is striking about Trump is not just the dysfunction of his administration but also the &mdash; vigorously denied &mdash; allegations that Trump&rsquo;s team may have cooperated with Vladimir Putin to steal the election. What&rsquo;s also different is the broad concern that Trump is both: A) unfit for office, and B) dangerously unstable. One pro-American leader in a foreign country called me up the other day and skipped the preliminaries, starting with: &ldquo;What the [expletive] is wrong with your country?&rdquo;</p> <p class="story-body-text story-content"><u><em><strong>So let&rsquo;s investigate: Is there any way out?</strong></em></u></p> <div class="story-body-supplemental"> <div class="story-body story-body-2"> <p class="story-body-text story-content"><strong>Trump still has significant political support, so the obstacles are gargantuan.</strong> But the cleanest and quickest way to remove a president involves Section 4 of the <a href="https://www.law.cornell.edu/constitution/amendmentxxv">25th Amendment</a> and has never been attempted. It provides that the cabinet can, by a simple majority vote, strip the president of his powers and immediately hand power to the vice president. The catch is that the ousted president can object, and in that case Congress must approve the ouster by a two-thirds vote in each chamber, or the president regains office.</p> <p class="story-body-text story-content" id="story-continues-3"><strong>The 25th Amendment route is to be used when a president is &ldquo;unable&rdquo; to carry out his duties.</strong> I asked <a href="http://hls.harvard.edu/faculty/directory/10899/Tribe">Laurence Tribe</a>, the Harvard professor of constitutional law, whether that could mean not just physical incapacity, but also mental instability. Or, say, the taint of having secretly colluded with Russia to steal an election?</p> <p class="story-body-text story-content">Tribe said that he believed Section 4 could be used in such a situation.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p class="story-body-text story-content">&ldquo;In the unlikely event that Pence and a majority of Trump&rsquo;s bizarre cabinet were to grow the spine needed to do the right thing with the process set up by that provision, we would surely be in a situation where a very large majority of the public, including a very substantial percentage of Trump&rsquo;s supporters, would back if not insist upon such a move,&rdquo; Tribe said.</p> <p class="story-body-text story-content">&nbsp;</p> <p class="story-body-text story-content">&ldquo;In that circumstance, I can&rsquo;t imagine Trump and his lawyers succeeding in getting the federal courts to interfere.&rdquo;The better known route is impeachment. But for now it&rsquo;s hard to imagine a majority of the House voting to impeach, and even less conceivable that two-thirds of the Senate would vote to convict so that Trump would be removed. Moreover, impeachment and trial in the Senate would drag on for months, paralyzing America and leaving Trump in office with his finger on the nuclear trigger.</p> </blockquote> <p class="story-body-text story-content"><strong>My take is that unless things get much worse, removal may be a liberal fantasy.</strong> Progressives thought that Trump would never win the nomination or the election. He survived the &ldquo;Access Hollywood&rdquo; tape and countless crises that pundits thought would doom him, so it&rsquo;s not clear why Republicans would desert him now that he&rsquo;s president.</p> <p class="story-body-text story-content">Some people believe that the 2018 midterm elections will be so catastrophic for the G.O.P. that everyone will be ready to get rid of him. I&rsquo;m skeptical. In the Senate, the map is disastrous for Democrats in 2018: The Republicans will be <a href="http://www.centerforpolitics.org/crystalball/articles/2018-senate-democrats-are-very-exposed/">defending </a>only eight Senate seats, while Democrats will in effect be defending 25.</p> <p class="story-body-text story-content"><strong>So while Democrats can gnash their teeth, it&rsquo;ll be up to Republicans to decide whether to force Trump out.</strong> And that won&rsquo;t happen unless they see him as ruining their party as well as the nation.</p> <p class="story-body-text story-content"><strong><em>&ldquo;The only incentive for Republicans to act &mdash; with or without the cabinet &mdash; is the same incentive Republicans had in 1974 to insist on Nixon&rsquo;s resignation,&rdquo; <a href="http://www.centerforpolitics.org/staff_sabato.html">Larry Sabato</a> of the University of Virginia told me. &ldquo;The incentive is survival.&rdquo;</em></strong></p> <p class="story-body-text story-content">Trump does have one weakness, and it&rsquo;s parallel to Nixon&rsquo;s. Republicans in Congress were willing to oust Nixon partly because they vastly preferred his vice president, Gerald Ford &mdash; just as congressional Republicans prefer Mike Pence today.</p> <p class="story-body-text story-content">If I were betting, I&rsquo;d say we&rsquo;re stuck with Trump for four years. But as Sabato says: &ldquo;Lots of things about Donald Trump&rsquo;s election and early presidency have been shocking. Why should it stop now?&rdquo;</p> <p class="story-body-text story-content" id="story-continues-4"><em><strong>And what does it say about a presidency that, just one month into it, we&rsquo;re already discussing whether it can be ended early?</strong></em></p> </div> </div> <p><a href="https://www.nytimes.com/2017/02/18/opinion/sunday/how-can-we-get-rid-of-trump.html?smid=tw-share&amp;_r=1"><em>Source: NY Times</em></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="620" height="371" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170220_trump.jpg?1487597776" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-20/ny-times-asks-how-we-can-get-rid-trump#comments American people of German descent B+ Business Climate change skepticism and denial Congress Donald Trump Donald Trump Donald Trump presidential campaign Economy Ford Gerald Ford GOP Harvard House Legal affairs of Donald Trump New York Times Nomination Political positions of Donald Trump Politics Senate The Apprentice Trump: The Art of the Deal University of Virginia Vladimir Putin WWE Hall of Fame Mon, 20 Feb 2017 14:09:19 +0000 Tyler Durden 588600 at http://www.zerohedge.com The Week's Key Economic And Financial Events http://www.zerohedge.com/news/2017-02-20/weeks-key-economic-and-financial-events <p>In this holiday-shortened week, attention will be on the US FOMC minutes, housing data and consumer confidence. There will be GDP, PMI and inflation releases across the Euro Area as well as the latest Greek Eurogroup meeting. Look for GDP and public finances data in the UK. In emerging markets, there are monetary policy meetings in Brazil, Colombia, Korea and Kazakhstan.</p> <p><strong>Watch Fed minutes for more clarity on March FOMC </strong></p> <p>The minutes of the February 1st FOMC meeting are likely to reveal that Fed officials have become increasingly constructive on the outlook for the economy. There will likely be a mention of the meaningful improvement in business and consumer sentiment surveys. The FOMC is also expected to note that the labor market is likely close to full employment and that signs of underutilization have diminished. Finally, there could be some mentions of concern over "external" developments. Any discussion about the Fed's balance sheet should also garner interest: recent comments from Fed officials suggest there being an increasing debate about the future of the Fed's balance sheet.</p> <p><strong>Eurogroup meets on Greek economic adjustment program </strong></p> <p>Grexit is back, though as a tail risk. If all three sides insist on their red lines, the logical outcome would be Grexit. While this would likely not be in the political interest of either Greece or the creditors, markets could become nervous as we approach the July maturities (€6bn excluding bills). There is also a high risk of a snap election which initially could be market negative, but ultimately lead to a more stable government.</p> <p><strong>The week ahead in Emerging Markets </strong></p> <p>There will be monetary policy meetings in Brazil, Colombia, Korea and Kazakhstan. Brazil’s BCB is expected to cut the Selic rate by 75bp. </p> <p><strong>In other data </strong></p> <ul> <li>In the US, focus is largely on the Feb FOMC Minutes. Also due are home sales data along with a wide range of Fed speakers currently on schedule.</li> <li>In the Eurozone, meaningful releases include consumer confidence and PMIs.</li> <li>In the UK, data about public sector finances and GDP is on deck.</li> <li>In Japan, the main data releases include trade balance and PMIs</li> <li>In Australia, we get RBA minutes for February along with wage price index and construction data. Nothing major due from New Zealand.</li> </ul> <p><strong>A daily breakdown of key events from Deutsche Bank:</strong></p> <p>To this week’s calendar now. With the US on holiday for President’s Day (and markets subsequently closed) the data this morning is reserved for Europe where we’ll get PPI in Germany and CBI selling prices data in the UK. Euro area consumer confidence data will also be released. </p> <p>Kicking things off on Tuesday will be Japan where we get the flash February manufacturing PMI. It’ll be all about the PMI’s in the European session too with flash manufacturing, services and composite readings all due. We’ll also get CPI in France and public sector net borrowing data in the UK. In the US we’ll also get the three flash PMI readings. </p> <p>In the Asia session on Wednesday the lone data release is property prices data in China. Over in Germany we’ve got the IFO survey results for February as well as preliminary Q4 GDP for the UK, along with the various growth components. The final January CPI figures for the Euro area will also be watched. In the US on Wednesday the lone data is January existing home sales, while we’ll also get the FOMC minutes from the January meeting. </p> <p>Thursday kicks off with more GDP data, this time the final January report in Germany while we’ll also get confidence indicators out of France. In the US data due includes initial jobless claims, FHFA house price index and Kansas City Fed’s manufacturing survey. </p> <p>There’s nothing of note in Europe on Friday while in the US we’ll get new home sales and the University of Michigan consumer sentiment reading. </p> <p>Away from the data the Fedspeak this week consists of Kashkari, Harker and Williams on Tuesday, Powell on Wednesday and Lockhart on Thursday. Another focus for markets will be today’s Eurogroup meeting where finance ministers are due to discuss Greece’s bailout situation. Also of note today is the House of Lords commencing a two-day debate on the draft law passed in the House of Commons with a vote due on Tuesday. BoE Governor Carney is also due to testify before UK Parliament on Tuesday.</p> <p><strong>A tabular summary of key events courtesy of SocGen</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/sg%20calendar_0.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/sg%20calendar_0.jpg" width="500" height="588" /></a></p> <p><strong>Finally, here is commentary from Goldman of all key US events, together with consensus estimates:</strong></p> <p><span style="text-decoration: underline;"><strong>Monday, February 20 </strong></span></p> <ul> <li>President's Day. US markets are closed. </li> </ul> <p><span style="text-decoration: underline;"><strong>Tuesday, February 21 </strong></span></p> <ul> <li><strong>08:50 AM Minneapolis Fed President Kashkari (FOMC voter) speaks:</strong>Minneapolis Fed President Neel Kashkari will give a speech on the US economy and the role of the Federal Reserve to the Financial Planning Association of Minnesota in Golden Valley, Minnesota. Audience Q&amp;A is expected.</li> <li>09:45 AM Markit Flash US Manufacturing PMI, February preliminary (consensus 55.2, last 55.0)</li> <li>09:45 AM Markit Flash US Services PMI, February preliminary (consensus 55.8, last 55.6)</li> <li><strong>12:00 PM Philadelphia Fed President Harker (FOMC voter) speaks:</strong> Philadelphia Fed President Patrick Harker will give a speech on the economic outlook at the Wharton School of the University of Pennsylvania. Audience and media Q&amp;A is expected.</li> <li><strong>03:30 PM San Francisco Fed President Williams (FOMC non-voter) speaks:</strong> San Francisco Fed President John Williams will give a presentation on economics to students at Boise State University.</li> </ul> <p><span style="text-decoration: underline;"><strong>Wednesday, February 22 </strong></span></p> <ul> <li><strong>10:00 AM Existing home sales, January (GS +2.0%, consensus +0.9%, last -2.8%):</strong> We look for a 2.0% rebound in January existing homes sales, following last month’s 2.8% decline. Regional housing data released so far suggest sequential improvement in closed homes sales, consistent with the 1.6% rise in December pending homes sales (which represent contract signings). Existing homes sales annual revisions are also scheduled to be released. Existing home sales are an input into the brokers' commissions component of residential investment in the GDP report.</li> <li><strong>01:00 PM Fed Governor Powell (FOMC voter) speaks:</strong> Federal Reserve Governor Jerome Powell will give a speech on the economic outlook and monetary policy at the Forecaster’s Club of New York’s luncheon at the Cornell Club in New York. Audience Q&amp;A is expected.</li> <li><strong>02:00 PM FOMC Minutes from the January 31-February 1 meeting:</strong> The FOMC kept policy rates unchanged at its January meeting and made few revisions to its statement, which described the economy as expanding “at a moderate pace” and characterized job growth as “solid.” In the minutes, we will look for any hints about the timing of the next hike as well as any comments about the FOMC’s evolving expectations for fiscal policy under the new administration.</li> </ul> <p><span style="text-decoration: underline;"><strong>Thursday, February 23 </strong></span></p> <ul> <li><strong>08:30 AM Initial jobless claims, week ended February 18 (GS 240k, consensus 241k, last 239k); Continuing jobless claims, week ended February 11 (consensus 2,065k, last 2,076k):</strong> We expect initial jobless claims to edge up by 1k to 240k. The ongoing improvement in jobless claims provides additional evidence of underlying improvement in the pace of layoffs, and we also note the year-to-date improvement in several energy-producing states. Accordingly, we expect the pace of layoffs to remain low.</li> <li><strong>09:00 AM FHFA house price index, December (last +0.5%):</strong> The FHFA house price index has a wider geographic coverage than the S&amp;P/Case-Shiller home price index, but is based only on properties financed with conforming mortgages. On a year-over-year basis, FHFA home prices rose at a 6.1% pace in November.</li> <li><strong>11:00 AM Kansas City Fed manufacturing index, February (last +9)</strong></li> </ul> <p><span style="text-decoration: underline;"><strong>Friday, February 24 </strong></span></p> <ul> <li><strong>08:35 AM Atlanta Fed President Lockhart (FOMC non-voter) speaks:</strong> Atlanta Federal President Dennis Lockhart will speak on his tenure at the Fed during the bank’s 2017 Banking Outlook Conference. President Lockhart will be officially leaving his post on February 28.</li> <li><strong>10:00 AM New home sales, January (GS +9.5%, consensus +6.5%, last -10.4%):</strong> We expect new home sales to rebound 9.5% in January, mostly reversing a 10.4% drop last month that we believe was partially driven by unseasonably high snowfall in the Midwest. We expect a favorable fundamental backdrop and the elevated level of single-family building permits to mitigate the negative impact of higher mortgage rates on new homes sales activity.</li> <li><strong>10:00 AM University of Michigan consumer sentiment, February final (GS 96.2, consensus 96.0, last 95.7):</strong> We expect the University of Michigan consumer sentiment index to rebound 0.5pt to 96.2 in the February final estimate, reflecting improvement among more timely measures of consumer confidence as well as the favorable stock market performance over the last two weeks. The University of Michigan’s survey of 5- to 10-year ahead inflation expectations fell 0.1pp to 2.5% in the preliminary February reading but remains above the record low of 2.3% in December. We expect this measure to remain stable or edge up in the final reading.</li> </ul> <p><em>Source: BofA, DB, SocGen, GS</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="1349" height="922" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/calendar%20teaser.jpg?1487599149" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-20/weeks-key-economic-and-financial-events#comments Atlanta Fed Australia BOE Boise State University Brazil Business Case-Shiller China Committees Consumer Consumer Confidence Consumer confidence Consumer Sentiment Cornell Club in New York CPI Creditors Dennis Lockhart Deutsche Bank Economy Economy of the United States Eurozone federal government Federal Open Market Committee Federal Reserve Federal Reserve System Financial Planning Association of Minnesota flash Forecaster’s Club of New York France Germany Greece House of Commons House of Lords Initial Jobless Claims Japan John Williams Kansas City Fed Kazakhstan March FOMC Markit Michigan Minneapolis Fed Monetary Policy Neel Kashkari Neel Kashkari New Home Sales New Zealand Philadelphia Fed Reserve Bank of Australia S&P/Case San Francisco Fed San Francisco Fed SocGen the University of Michigan the University of Pennsylvania Trade Balance UK Parliament University Of Michigan University of Michigan US Federal Reserve Wharton School Mon, 20 Feb 2017 14:00:00 +0000 Tyler Durden 588599 at http://www.zerohedge.com Kim Jong Nam Assassination Caught On Tape http://www.zerohedge.com/news/2017-02-20/kim-jong-nam-assassination-caught-tape <p>Chilling closed-circuit security footage has emerged of the killing of Kim Jong Nam last week, showing two attackers took less than three seconds to carry out the assault on the half-brother of North Korean dictator Kim Jong Un. As the <a href="https://www.wsj.com/articles/kim-jong-nam-killing-caught-on-video-1487572915">WSJ first reported</a>, the video clips from security cameras were obtained by a Japanese media outlet and posted by a third party on YouTube. </p> <p><iframe src="https://www.youtube.com/embed/3sXqD_qBEoo" width="500" height="281" frameborder="0"></iframe></p> <p>The clip shot inside Kuala Lumpur International Airport shows Kim arriving alone at a busy, well-lit departures hall shortly before 9 a.m. on Feb. 13. Police said he had been in Malaysia about a week, and intended to take a 10:50 a.m. AirAsia flight back to his home in Macau. From an airport mall area, Kim, wearing loafers, light-blue jeans, a sport coat and a flat cap, and with a black backpack slung over his right shoulder, strides past three police officers into a crowded departures hall. </p> <p>Once he arrives at the entrance of the departure lobby, he stops momentarily to look up at the flight schedules. After checking the flight schedules, he then moves to a nearby self-check-in kiosk.</p> <p>In a flash, the next scene shows two women approaching Kim, one in a whitetop appearing to lunge as she places her hand over Kim’s face. There is a flurry of movement, then after a matter of two or three seconds, the three break apart. The woman in white - whose hair and dress resembles a woman dressed in a top with an “LOL” slogan who Malaysian police said was connected to the killing - walks briskly away.</p> <p><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/LOL%20woman_0.jpg" width="500" height="283" /></p> <p>Japan-based Fuji TV aired the video compilation late Sunday night. A spokeswoman declined to say how it obtained the footage, citing an obligation to protect its source. The video has since been circulated by Japanese and other media, and was viewed hundreds of thousands of times on YouTube before being removed.</p> <p>As the WSJ explains, in the next clip, Kim is standing at one of the kiosks when a person that police believe was Siti Aisyah, a 25-year-old Indonesian woman who authorities said was working as a masseuse at a spa in Kuala Lumpur, approaches on his left, getting his attention. A second later, a person police believe to be Doan Thi Huong, a 28-year-old Vietnamese woman, swoops in behind Mr. Kim. She reaches up with both arms and wraps them around Mr. Kim’s head, appearing to either hold a cloth to his face or to hold him in place. </p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>It isn’t clear what action, if any, Ms. Aisyah takes. Mr. Kim’s backpack slips off from his shoulder and he stumbles backward as both women then slide away quickly but calmly in opposite directions. Mr. Kim appears to watch Ms. Aisyah departing, seemingly never having seen Ms. Huong. He stands motionless for several seconds. <strong>Huong’s contact with Mr. Kim lasted 2.33 seconds, according a timer added to the video compilation.</strong></p> </blockquote> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/OJ-AV774_NKVIDE_P_20170220003122.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/OJ-AV774_NKVIDE_P_20170220003122_0.jpg" width="500" height="333" /></a></p> <p>The clip of the assault near the kiosks is blurrier than the previous clips, which police told The Wall Street Journal was because a camera closer to the scene wasn’t working. They said another camera that would have caught the assailants at a departure point was also out of order.<strong>&nbsp;</strong></p> <p>A subsequent clip, of better quality from a different camera, shows Kim walking quickly to the nearby customer-service desk. There he tells an airport employee that two women had just wiped a wet cloth on his face, and that he feels dizzy, according to police, who have said they are also investigating whether a spray was used in the assault. The airport worker escorts him out to the hallway where Mr. Kim speaks animatedly with the police he had passed minutes earlier. Mr. Kim repeatedly motions toward his face.</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>The next clip shows a far less crowded area downstairs from the departures hall, where a police officer and an airport employee calmly escort Mr. Kim to a small, glass-fronted airport medical clinic. Mr. Kim, now moving less steadily, enters. </p> <p>&nbsp;</p> <p>An unspecified amount of time passes, and the next clip shows Mr. Kim on a stretcher at the clinic, being moved. Police said he had a seizure, and medical workers sent him to Putrajaya Hospital. Mr. Kim died en route.</p> </blockquote> <p>Local police arrested Ms. Aisyah and Ms. Huong last week for possible involvement in the case. Neither has been charged, and both are being detained by police for one week. Police have also arrested a North Korean man and a Malaysian man suspected of being involved in the assault, and say they are searching for others, including several North Korean men.<a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/nksuspectSlide01.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/nksuspectSlide01_0.jpg" width="542" height="305" /></a></p> <p>As reported <a href="http://www.zerohedge.com/news/2017-02-15/poison-assassination-kim-jong-uns-brother-lasted-about-15-seconds">last week</a>, police have said they believe Kim was poisoned during the assault, but are awaiting confirmation from autopsy results. Malaysia’s health minister said results could be released as early as Wednesday.&nbsp; </p> <p>According to SCMP, Malaysia shot back at North Korea’s allegations that authorities were purposely delaying the investigation, including the release of Kim Jong-nam’s remains. “North Korea can say anything, but, as far as we are concerned, we follow the legal requirements of our country,” Noor Rashid said.</p> <p>Pyongyang is behind the death, a South Korean Defense Ministry spokesman alleged Sunday. “The government assumes that North Korea’s regime is behind the incident,” Defense Ministry spokesman Jeong Joon-hee said, adding that there would be no further comment while Malaysian police conduct their investigation.</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="749" height="405" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/nk%20killing.jpg?1487597366" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-20/kim-jong-nam-assassination-caught-tape#comments KIM Korean diaspora Kuala Lumpur Malaysian police South Korean Defense Ministry Wall Street Journal Mon, 20 Feb 2017 13:29:47 +0000 Tyler Durden 588597 at http://www.zerohedge.com Political Turmoil Returns To Europe: French-German Spread Blows Out To Five Year Wides http://www.zerohedge.com/news/2017-02-20/political-turmoil-returns-europe-french-german-spread-blows-out-five-year-wides <p>Despite a calm start to European trading, with local equity bourses posting solid early gains, European political fears have returned this morning, leading to a blow out in French government bond yields, pushing the 10y yield now higher by 5bps and 5y up 8bps, as early losses extend after latest poll shows support for anti-euro presidential candidate Marine Le Pen rising in both election rounds. </p> <p><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/fra%20yield_0.jpg" width="500" height="281" /></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/spread%20bbg.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/spread%20bbg_0.jpg" width="500" height="432" /></a></p> <p>As a result, the French-German 10Y govt spread has jumped to 85 bps, following an accelerated selloff, to the widest level since July 2012.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170220_france1.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170220_france1_0.jpg" width="500" height="264" /></a></p> <p> As Bloomberg notes, after opening tighter vs core bonds, OATs have been pressured as talks between left-wing candidates Melenchon and Hamon are set to continue, while Bloomberg reports that Emmanuel Macron may have harmed his own campaign after becoming entangled in controversies over France’s colonial past. </p> <p>More to the point, the latest daily French election poll by OpinionWay shows first-round support for Marine Le Pen rising by 1 percentage point to 27%. Both Emmanuel Macron and Francois Fillon's 1st-round support remains unchanged at 20%, while first round support for Jean-Luc Melenchon down 1 point to 12% as support for socialist candidate Benoit Hamon stable at 16%. While in the second round, Macron is still expected to defeat Le Pen with 58% of the vote vs 42% for Le Pen, this is a smaller margin from February 17, when the poll showed him at 60% vs Le Pen at 40%. Similarly, Fillon's margin of victory has declined: he would defeat Le Pen with 56% of vote vs 44% for Le Pen, down from 57% to 43% on Feb. 17</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170220_france.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170220_france_0.jpg" width="500" height="261" /></a></p> <p>Weakness in French bonds is exacerbated by poor liquidity environment, given U.S. holiday, according to a London trader. Additionally as Markit notes, the CDS spread is starting to catch up with relatively insulated Spain.</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en"><a href="https://twitter.com/zerohedge">@zerohedge</a> CDS spread catching up with Spain... <a href="https://t.co/MJc1wIvrU1">pic.twitter.com/MJc1wIvrU1</a></p> <p>— Simon Colvin (@Simon_MSF) <a href="https://twitter.com/Simon_MSF/status/833660318475755521">February 20, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>The return of the European "fear" trade has sent German 2y yields to a record low of -0.85%, down 4bps on the day, as continued selloff in French bonds prompts risk-off moves across core bonds. Bund futures rally to 164.68, volumes surge to the largest of the session, with resistance at 164.64 (Feb. 17 high) taken out</p> <p>Sharp selling is pressuring peripherals, led by Italy as 10y yield rises 3bps to 2.22%. Adding to concerns about Italy was the previously reported confirmation that former PM Renzi has quit as leader of the PD, triggering a party re-election. Primaries are expected to take place at the end of April or in the first half of May. According to DB economists, there is an increasing probability of a split of Renzi’s PD with the left wing minority apparently intentioned to breakup. They note that if it materialises, the likelihood of a victory of eurosceptic parties at the general election would increase – currently the polls give the PD a small advantage over the 5SM. Hence, markets could interpret a PD split negatively. DB's central case is a break-up of the PD with the consequence being a further increase in political fragmentation by damaging the only large party that remains pro-European. The main question, then, would become how much political support the PD would lose if historical left-wing leaders were to abandon the party. In Deutsche Bank's view, a split of the PD could open the door to a victory of the eurosceptic parties in the coming election.</p> <p>There was more political concern out of German politics as well: a weekend poll by the Emnid Institute and published in the Bild newspaper showed that the centre-left Social Democrats party have widened their lead over Merkel’s CDU party. The poll found that the SPD’s support increased 1% in a week to 33%, while the CDU’s share fell 1% to 32%. The poll also suggests that the SPD’s overall percentage has increased 12% in the last four weeks. That is the 3rd poll that we have found which shows a 1% lead for the SPD over the CDU, although the absolute percentage share for the SPD is the highest in this latest Emind poll. </p> <p>As <a href="http://www.reuters.com/article/us-germany-election-poll-idUSKBN15Y0FS">Reuters adds</a>, the SPD's unexpected surge of some 12 points in the last month has caught Merkel and her conservatives off guard, analysts said, just seven months before the Sept. 24 election, where she had expected to win a fourth term easily. The Emnid poll of 1,885 voters gave the SPD 33 percent of the vote, up 1 point in the last week, while the Christian Democrats (CDU) and their Bavarian sister party the Christian Social Union (CSU) would win 32 percent, down 1 point.</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/Germany?src=hash">#Germany</a>'s SPD moves ahead of Merkel's party in poll. <a href="https://t.co/OfhDwJTYiQ">https://t.co/OfhDwJTYiQ</a> <a href="https://t.co/4QgrUqSkVJ">pic.twitter.com/4QgrUqSkVJ</a></p> <p>— Holger Zschaepitz (@Schuldensuehner) <a href="https://twitter.com/Schuldensuehner/status/833368306035875841">February 19, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>The SPD has now gained a record-breaking 12 points in the last four weeks, according to Bild am Sonntag newspaper, since former European Parliament president Martin Schulz was named as its candidate to run against Merkel in the Sept. 24 election. </p> <p>"The increase is unmatched in the history of the Bild am Sonntag polls," the newspaper wrote. </p> <p>The SPD, junior partner in Merkel's ruling coalition, had trailed her conservative bloc for years in opinion polls until nomination of Schulz revived the party. It last won an election under Gerhard Schroeder in 2002. </p> <p>"This is a serious poll showing the SPD coming from nowhere to overtake the CDU/CSU," Thomas Jaeger, a political scientist at Cologne University, told Reuters. "It's amazing to see how unprepared the CDU was for someone like Schulz ... They assumed the SPD was going to stay stuck in the 20-25 percent range. They've been caught pants down."</p> <p>The confluence of these three political narratives has put French and Italian bonds on the back foot, and has spilled over into underperforming Italian and French stock markets.</p> <p>Oh, and then there is Greece: today we’ve also got the scheduled Eurogroup finance ministers meeting in Brussels where ministers are due to discuss the Greece’s bailout. Hopes for progress have seemingly stalled until after the upcoming European elections although German finance minister Wolfgang Schaeuble did reiterate his confidence over the weekend that Greece is on the right path and that he also expects the IMF to participate in a third bailout package.</p> <p>According to a <a href="http://uk.reuters.com/article/uk-eurozone-greece-germany-idUKKBN15Z15W?il=0">Reuters report</a>, <strong>Schaeuble doesn't expect euro zone finance ministers to reach a final deal on Greece at their meeting today in Brussels, </strong>a spokesman said on Monday. Euro zone finance ministers are meeting in the Belgian capital to assess Greece's progress in fulfilling the conditions of its bailout. </p> <p>"We do not expect a final agreement from the Eurogroup meeting, rather it is an evaluation of a progress report, and with this expectations the minister left to Brussels," Finance Ministry spokesman Juerg Weissgerber said. </p> <p>"We hope that the institutions can return relatively quickly to Greece," he added.</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="965" height="503" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170220_france.jpg?1487596302" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-20/political-turmoil-returns-europe-french-german-spread-blows-out-five-year-wides#comments Angela Merkel Bond CDS CDU CDU party Chancellors of Germany Chivalry Christian Democratic Union of Germany Christian Democrats (CDU) Christian Social Union (CSU) Christian Social Union in Bavaria Cologne University Conservatives Emnid Institute European Parliament European Parliament Euroscepticism Finance Ministry François Fillon French government Gerhard Schröder German Lutherans Government Greece International Monetary Fund Italy Markit Martin Schulz Merkel's party Newspaper Nomination Politics Politics Politics of Germany Reuters Social Democratic Party of Germany Social Democrats party The Left Twitter Twitter Wolfgang Schäuble Mon, 20 Feb 2017 12:47:49 +0000 Tyler Durden 588596 at http://www.zerohedge.com Gold The "Ultimate Insurance Policy" as "Grave Concerns About Euro" - Greenspan http://www.zerohedge.com/news/2017-02-20/gold-ultimate-insurance-policy-grave-concerns-about-euro-greenspan <p><span style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif;"><span style="font-size: 16px;"><strong><a href="http://www.goldcore.com/us/gold-blog/gold-ultimate-insurance-policy-grave-concerns-euro-greenspan/">Gold The "Ultimate Insurance Policy" as "Grave Concerns About Euro" - Greenspan</a></strong></span></span></p> <p><span style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif;"><span style="font-size: 16px;"><strong></strong></span></span><strong style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">"The eurozone isn't working ..." warns Greenspan</strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong>"I view gold as the primary global currency" said Greenspan</strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong>"Significant increases in inflation will ultimately increase the price of gold"</strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong>"Investment in gold now is insurance..."</strong></p> <h4 style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px; text-align: center;"><a href="http://www.goldcore.com/ie/buy-gold-bars-ireland/"><img src="http://www.goldcore.com/ie/wp-content/uploads/sites/19/2017/02/euro-gold-greenspan.jpg" alt="euro-gold-greenspan" width="590" height="350" style="height: auto; max-width: 100%; display: block; margin-left: auto; margin-right: auto;" class="aligncenter size-full wp-image-8984" /></a><strong>Source: Getty</strong></h4> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">Alan Greenspan, the&nbsp;former head of the Federal Reserve has warned that the euro may collapse, saying that he has "grave concerns" about its future.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">The imbalances in the economic strength of euro area countries make the continued function of the single currency area a primary concern, said former US Federal Reserve chairman Alan Greenspan in an interview (February issue of "Gold Investor") with the World Gold Council.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">He suggests the inequality is largely down to a north/south geographical divide which means the division between the northern and southern EU countries is too big. The bloc's more prosperous nations such as Germany consistently fund the deficits of those in the south, and that simply can't go on, said Greenspan.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><em>"The European Central Bank (ECB) has greater problems than the Federal Reserve. The asset side of the ECB’s balance sheet is larger than ever before, having grown steadily since Mario Draghi said he would do whatever it took to preserve the euro,”</em>&nbsp;he said.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><em>“And I have grave concerns about the future of the euro itself… The eurozone is not working",</em>&nbsp;added Greenspan.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">Greenspan, chairman of the Federal Reserve from 1987 and 2006 has consistently been critical of the eurozone and the European Monetary Union (EMU). He&nbsp;has long maintained that the eurozone was doomed to fail because the impact&nbsp;of the divergent cultures and economies in the bloc has been grossly underestimated.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">Greece is currently in the midst of yet another financial crisis with withdrawals from bank accounts and new bank runs indicating the public is preparing for a crash.&nbsp;Meanwhile Europe's oldest bank, Banca Monte dei Paschi di Siena, in Italy is on the verge of bankruptcy&nbsp;and needs another bail out to survive.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">Even Germany's largest lender Deutsche Bank is facing a crisis of gargantuan proportions as it struggles with its shadow banking assets book which is plagued with non performing loans (NPLs).</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">Ireland, Spain and Portugal face their own economic challenges and many are doubtful whether there can be any meaningful recovery given the scale of the national debt and total debt burden in the periphery euro nations.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">Mr Greenspan said Brexit will almost certainly trigger a collapse of the ECB despite the UK not having&nbsp;adopted the euro:</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><em>"Brexit is not the end of the set of problems, which I always thought were going to start with the euro because the euro is a very serious problem."</em></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">Mr Greenspan says that investors are diversifying into precious metals and increasingly seeking to&nbsp;<a href="http://www.goldcore.com/ie/buy-gold-ireland/">buy gold</a>, because there is a deepening lack of trust in the euro and in the banking system.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">The&nbsp;former Fed chair, correctly pointed out that investment in gold now is insurance; and it’s not for short-term gain, but for long-term protection:</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><em>"Significant increases in inflation will ultimately increase the price of gold. Investment in gold now is insurance..."&nbsp;</em>advised Greenspan.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">Given the increasing uncertainty regarding the economic outlook, many investors internationally are now considering&nbsp;<a href="http://www.goldcore.com/ie/how-to-buy-gold-ireland/">how to buy gold for the first time</a>. A prudent diversification into non bank, non digital, physical gold will protect and grow their wealth in the coming years.</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong>"Gold Investor" with the World Gold Council can be accessed&nbsp;<a href="http://www.gold.org/research/gold-investor">here</a></strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong>Gold and Silver Bullion - News and&nbsp;Commentary</strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong><a href="http://uk.reuters.com/article/global-precious-idUKL4N1G5193">PRECIOUS - Gold prices steady, focus shifts to timing of US rate hikes (Reuters.com)</a></strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong><a href="http://www.marketwatch.com/story/gold-slips-but-set-for-third-weekly-gain-2017-02-17">Gold ends lower, but tallies a third-weekly gain (MarketWatch.com)</a></strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong><a href="http://www.reuters.com/article/global-precious-idUSL1N1G21D8">Gold steadies as global equities lose momentum (Reuters.com)</a></strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong><a href="https://www.bloomberg.com/news/articles/2017-02-16/asian-stocks-drop-as-yen-gold-strength-prevails-markets-wrap">Stocks Rise To Records, Dollar Gains With Bonds (Bloomberg.com)</a></strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong><a href="http://tucson.com/news/state-and-regional/arizona-bill-would-remove-state-tax-requirement-on-sale-of/article_5156b8cf-a0f0-5280-8510-43a291ca11a3.html">Arizona bill would remove state tax on profit from sale of gold coins (Tucson.com)</a></strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><img src="http://www.goldcore.com/ie/wp-content/uploads/sites/19/2017/02/january-rally-caught-imagination-of-investors-largest-gold-fund.png" style="height: auto; max-width: 100%;" /></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong><a href="http://www.gold.org/research/gold-investor">Gold: "Ultimate insurance policy" - Greenspan (Gold.org)</a></strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong><a href="https://www.bloomberg.com/news/articles/2017-02-20/gold-isn-t-doing-in-practice-what-it-should-in-theory-yet-again">Large Fund Managers Moving Into Gold (Bloomberg.com)</a></strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong><a href="http://menafn.com/1095257755/Why-gold-bars-are-the-ultimate-Valentines-gift">Why gold bars are the ultimate Valentine's gift (MenaFN.com)</a></strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong><a href="http://www.reuters.com/article/us-mining-gold-growth-analysis-idUSKBN15W24M">For world’s top gold miners, growth no longer a dirty word (Reuters.com)</a></strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong><a href="https://thewest.com.au/business/gold/gold-shines-as-political-jitters-trump-economic-indicators-ng-b88391458z">Gold shines as political jitters trump economic indicators (TheWest.com)</a></strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><a href="http://info.goldcore.com/7-real-risks-to-your-gold-ownership" rel="attachment wp-att-5047"><img src="http://www.goldcore.com/news/wp-content/uploads/sites/16/2016/03/7RealRisksBlogBanner.jpg" alt="7RealRisksBlogBanner" width="822" height="430" style="height: auto; max-width: 100%;" class="alignnone wp-image-5047" /></a></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong>Gold Prices (LBMA AM)</strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">20 Feb: USD 1,235.35, GBP 991.49 &amp; EUR 1,163.21 per ounce<br />17 Feb: USD 1,241.40, GBP 1000.57 &amp; EUR 1,165.55 per ounce<br />16 Feb: USD 1,236.75, GBP 988.41 &amp; EUR 1,163.29 per ounce<br />15 Feb: USD 1,225.15, GBP 985.27 &amp; EUR 1,161.81 per ounce<br />14 Feb: USD 1,229.65, GBP 986.67 &amp; EUR 1,157.84 per ounce<br />13 Feb: USD 1,229.40, GBP 982.04 &amp; EUR 1,155.64 per ounce<br />10 Feb: USD 1,225.75, GBP 980.23 &amp; EUR 1,151.35 per ounce<br />09 Feb: USD 1,241.75, GBP 988.18 &amp; EUR 1,161.04 per ounce<br />08 Feb: USD 1,235.60, GBP 989.47 &amp; EUR 1,160.10 per ounce</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong>Silver Prices (LBMA)</strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;">29 Feb: USD 17.98, GBP 14.42 &amp; EUR 16.92 per ounce<br />17 Feb: USD 18.00, GBP 14.50 &amp; EUR 16.90 per ounce<br />16 Feb: USD 18.10, GBP 14.49 &amp; EUR 17.02 per ounce<br />15 Feb: USD 17.88, GBP 14.38 &amp; EUR 16.93 per ounce<br />14 Feb: USD 17.91, GBP 14.37 &amp; EUR 16.85 per ounce<br />13 Feb: USD 17.97, GBP 14.34 &amp; EUR 16.89 per ounce<br />10 Feb: USD 17.62, GBP 14.15 &amp; EUR 16.55 per ounce<br />09 Feb: USD 17.71, GBP 14.10 &amp; EUR 16.58 per ounce<br />08 Feb: USD 17.74, GBP 14.20 &amp; EUR 16.66 per ounce</p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong><br />Recent Market Updates</strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong><a href="http://www.goldcore.com/us/gold-blog/silver-price-surge-investors-users-fighting-available-physical-supplies/">-&nbsp;Silver Price To Surge As “Investors and Users Fighting Over Available Physical Supplies”</a></strong><br /><strong><a href="http://www.goldcore.com/us/gold-blog/jim-rogers-buying-gold-bullion-dips/">-&nbsp;Jim Rogers Buying Gold Bullion On Dips</a></strong><br /><strong><a href="http://www.goldcore.com/us/gold-blog/david-mcwilliams-print-punts-french-election-see-euro-break/">-&nbsp;French Election Could See Euro Break Up – New Global Crisis</a></strong><br /><strong><a href="http://www.goldcore.com/us/gold-blog/gold-prices-5-8-ytd-trump-honeymoon-ends/">-&nbsp;Gold Prices Up 5.8% YTD – Trump ‘Honeymoon’ Ends</a></strong><br /><strong><a href="http://www.goldcore.com/us/gold-blog/gold-buying-russia-intensify-diversification-trump-unpredictability/">-&nbsp;Gold Buying Russia To Intensify Diversification On Trump ‘Unpredictability’?</a></strong><br /><strong><a href="http://www.goldcore.com/us/gold-blog/gold-prices-rising-mean-impending-market-volatility/">-&nbsp;Gold Prices Rising Mean “Impending Market Volatility”</a></strong><br /><strong><a href="http://www.goldcore.com/us/gold-blog/gold-bullion-banks-open-vaults-transparency-push/">-&nbsp;Gold Bullion Banks To “Open Vaults” In Transparency Push?</a></strong><br /><strong><a href="http://www.goldcore.com/us/gold-blog/ignore-sabre-rattling-buy-gold/">-&nbsp;Ignore Sabre-Rattling and Buy Gold</a></strong><br /><strong><a href="http://www.goldcore.com/us/gold-blog/buy-gold-uncertainty-not-doomsday/">-&nbsp;Buy Gold Because of Uncertainty not Doomsday</a></strong><br /><strong><a href="http://www.goldcore.com/us/gold-blog/alternative-fact-cashless-society/">-&nbsp;The Alternative Fact of the Cashless Society</a></strong><br /><strong><a href="http://www.goldcore.com/us/gold-blog/silver-platinum-palladium-safe-havens-reassessing-role/">-&nbsp;Silver, Platinum and Palladium As Safe Havens – Reassessing Their Role</a></strong><br /><strong><a href="http://www.goldcore.com/us/gold-blog/2017-see-collapse-euro/">-&nbsp;Why 2017 Could See the Collapse of the Euro</a></strong><br /><strong><a href="http://www.goldcore.com/us/gold-blog/dow-20k-us-debt-20-trillion-trump-15000-gold/">-&nbsp;Dow 20K … US Debt $20 Trillion … Trump and $15,000 Gold</a></strong><br /><strong><a href="http://www.goldcore.com/us/gold-blog/switzerlands-gold-exports-to-china-surge-to-158-tons-in-december/">-&nbsp;Switzerland’s Gold Exports To China Surge To 158 Tons In December</a></strong></p> <p style="color: #333333; font-family: Georgia, &quot;Times New Roman&quot;, &quot;Bitstream Charter&quot;, Times, serif; font-size: 16px;"><strong>Interested in learning more about physical gold and silver?</strong><br /><a href="http://www.goldcore.com/"><strong>Call GoldCore</strong></a>&nbsp;and speak with a Gold and Silver Specialist today!</p> http://www.zerohedge.com/news/2017-02-20/gold-ultimate-insurance-policy-grave-concerns-about-euro-greenspan#comments Alan Greenspan Alan Greenspan Business Cashless Society China Currency Deutsche Bank Economy Euro European Central Bank European Central Bank European monetary union European Union Eurozone Eurozone Fail Federal Reserve Finance Germany Gold as an investment Gold coin Greece Investment Ireland Italy Jim Rogers National Debt Portugal Precious Metals Precious metals recovery Reuters Security Shadow Banking Silver as an investment Transparency US Federal Reserve World Gold Council World Gold Council Mon, 20 Feb 2017 12:37:05 +0000 GoldCore 588595 at http://www.zerohedge.com Global Stocks Rise, S&P Futures Hit New Record High Despite US Market Closure http://www.zerohedge.com/news/2017-02-20/global-stocks-rise-sp-futures-hit-new-record-high-despite-us-market-closure <p>Despite US markets being closed in observance of Washington's birthday, S&amp;P futures spiked during overnight trading, reaching new all time highs before fading some of the gains. Both Asian and European markets traded modestly higher after paring early gains. The U.S. dollar traded in a tight range ahead of a busy week for Federal Reserve events, while the pound rallied the most in more than two weeks ahead of a House of Lords Brexit debate, while South Africa’s rand fell on political turmoil. Oil advanced for a third day and spot gold rose for the fourth session in five. </p> <p>The relatively benign moves this morning follow what was also a fairly tepid end to the week on Friday in markets. Equity markets in the US did however manage to eke out another small gain with the S&amp;P 500 finishing +0.17% following a late bounce into the close. That <strong>means it has closed up in 11 of the last 13 trading sessions although at the same time has now gone 49 consecutive sessions without closing with a move up or down by more than 1%. </strong></p> <p>Global volumes have been light with U.S. markets closed for the Presidents Day holiday. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent and back toward a 19-month peak reached last week. Shanghai stocks added 0.9% and expectations of solid economic growth in China kept commodities such as copper and iron ore well bid. Japan's Nikkei closed flat after domestic data showed exports disappointed in January even as imports outpaced forecasts.</p> <p>With U.S. bond and stock markets shut on Monday for Presidents’ Day, investors are watching developments in Europe. Political risk is in focus after a poll showed public approval for German Chancellor Angela Merkel’s ruling party fell behind the Social Democrats for the first time under her leadership. And in the U.K., some members of the parliament’s upper chamber will seek changes to the draft law that will allow the government to trigger a departure from the EU when it is discussed by the Lords on Monday, <a href="https://www.bloomberg.com/news/articles/2017-02-19/yen-gains-weigh-on-japan-stocks-unilever-in-focus-markets-wrap">Bloomberg reported</a>.</p> <p>The Stoxx Europ 600 rose and U.S. futures pointed higher even as Unilever slumped after Kraft Heinz withdrew a $143 billion takeover bid. Shares in Unilever fell 6.7 percent; stock remains above level from before Kraft offer was revealed last week.&nbsp; Trading in Kraft and its erstwhile target remains in focus on the back of Friday’s surge in both stocks. People familiar with the talks at the weekend said 3G Capital and Warren Buffett’s Berkshire Hathaway Inc. decided Unilever’s negative response made a friendly transaction impossible.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/kft%20offer.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/kft%20offer_0.jpg" width="500" height="281" /></a></p> <p>Stoxx Europe 600 Index rose 0.2 percent as of 10:43 a.m. in London, with banks bouncing after Friday’s selloff. Telecommunilcation companies outperformed, led by Deutsche Telekom AG following a rally in T-Mobile shares on Friday. Italy's MIB-30 and France's CAC40 have underperformed their European peers as political risk is once again being discounted, following Sunday's announcement that Renzi has quit as leader of the PD, while in France, the latest poll showed Marine le Pen continues to grind higher in the polls, pushing the France-Germany bond spread to intraday wides.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/fr%20spread.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/fr%20spread_0.jpg" width="500" height="384" /></a></p> <p>Japan’s Topix rose for the first time in three days, reversing an early loss after the dollar strengthened on a Fed official’s comments. Hong Kong shares resumed a rally, closing at the highest since August 2015. </p> <p>Cleveland Federal Reserve President Loretta Mester said on Monday in Singapore that she would be comfortable raising interest rates at this point if the economy kept performing the way it has. Speculation the central bank could hike as soon as March has generally underpinned the U.S. dollar, though large long positions leave the market vulnerable to sudden pull backs.</p> <p>Upon returning from holiday, US traders will focus on a bevy of retailers earnings this week, including Wal-Mart Stores, Macy's and Home Depot. The results will be watched for a read on spending as well as for commentary from executives on President Donald Trump's proposal to tax imports. The Fed releases minutes this week from its most recent meeting, possibly giving investors a look into how members see Trump’s policies. Data should show the U.S. housing market perking up a bit at the start of the year. The PMI is expected to rise slightly. PMI surveys for the euro area and its two largest economies this week may show growth momentum is solid, while the Ifo business confidence survey may support that view for Germany. On the interest rate front, no less than five heads of regional Federal Reserve bank are due to speak this week while Fed Board Governor Jerome Powell appears on Wednesday, when minutes of the last policy meeting are also due.</p> <p>Billionaire Warren Buffett will release his annual letter to shareholders with Berkshire Hathaway Inc.’s earnings. The U.K.’s House of Lords will debate the article 50 bill, the legislation which will allow Theresa May to trigger Brexit. Bank of England Governor Mark Carney will on Tuesday testify before the U.K. Parliament’s Treasury Committee. </p> <p>In rates, German Bunds slipped, with the 10-year yield rising less than one basis point from Friday. European government bond yield curves all steepened, as longer-dated bonds underperformed on expectations of long-dated syndicated bond sales this week. Unilever bonds cut, but didn’t erase, Friday’s spread-widening move, as the company is still seen as in play</p> <p>* * * </p> <p><strong>Asia markets traded mostly higher </strong>following another late day rebound on Wall Street on Friday after M&amp;A talk lifted NASDAQ 100. ASX 200 (-0.4%) underperformed amid losses seen in the industrials and energy sectors, with both Oil Search and Santos shares lower by around 2%. Nikkei 225 (+0.1%) was positive with the index lifted by Softbank shares following reports that Softbank is prepared to surrender control of Sprint to Co.'s T-Mobile US to seal a merger of the two US wireless carriers, while a weaker JPY also provided support. Shanghai Comp. (+1.2%) and Hang Seng (+0.5%) traded higher despite the PBoC failing to provide liquidity into the market. 10yr JGBs traded lower with participants seeking riskier assets, with the curve flattening amid underperformance in the short end.</p> <p><strong>EU bourses likewise opened higher this morning, </strong>with Telecoms outperforming after Softbank stated they are prepared to surrender control of Sprint to Deutsche Telekom's T-Mobile US. This is in a bid to seal a merger of the two US wireless carriers, this followed reports that Softbank are to approach the Co. for the potential merger. Financials are also seen higher as the UK treasury devised proposals in which RBS will no longer have to sell Williams &amp; Glyn and as such the Co. have announced provisions of GBP 750m1n to deal with the new proposals. A joint statement from Kraft and Unilever hit consumer staples this morning after both companies amicably agreed to withdraw its proposal for a combination of the two companies and as such Unilever's UK listings shares fell 7% at the open. Fixed income markets remain quiet this morning, but Greece remains in focus as the Eurozone finance ministers get ready for their latest discussions on the county's bailout progress. This meeting is widely expected to be the last major deadline for Greece to meet before their next tranche of cash is to be released. With this, the demand for the 2Y has tailed off significantly sending yields higher once again to around 9.7%.</p> <p><strong>In FX, </strong>the Bloomberg Dollar Spot Index swung between gains and losses to trade little changed Monday while the U.S. holiday weighed on volumes. Sterling was higher versus all its Group-of-10 peers, rising 0.4 percent to $1.2460. South Africa’s rand declined 0.6 percent before a meeting of the ruling African National Congress’ executive committee that may discuss Finance Minister Pravin Gordhan’s&nbsp; position<strong>.</strong> GBPUSD will be in focus today as the as the House of lords are set for a second reading debate at 3.30pm GMT and will conclude with a vote tomorrow evening. Although amendments will not be voted on, one thing to look out for is the speeches and any comments to the press as this could give some clues of the mood of the upper chamber. Elsewhere, FX is relatively choppy with the USD fluctuating against its major counterparts ahead of the holiday in the region, while JPY weakened across the board and related-crosses nursing some of their recent losses as USD/JPY reclaimed the 113.00 handle, amid lack of news flow and data to provide clear direction for the market.</p> <p><strong>In commodities</strong>,&nbsp; copper led an advance in industrial metals, rising 0.9 percent to $6,012.50 a metric ton as the deadlock deepened between Freeport-McMoRan Inc. and Indonesia over mining licenses, while Citigroup gave a bullish outlook for prices. U.S. oil futures climbed 0.7 percent to $53.77 a barrel after spending last week in the narrowest trading range in 13 years, as rising U.S. drilling activity threatened to offset OPEC production cuts. Spot gold edged 0.1 percent higher after gaining three straight weeks. Saudi Arabia's crude production was 10.465MM bpd in Dec according to reports in Jodi and crude exports fell to 8mln bpd in Dec vs 8.3m In Nov. This has led WTI and Brent crude to rise by roughly USD 0.30/bbl, also of note the CFTC cot data shows for last week that non commercial net longs have reached a record high. Elsewhere in commodities, precious and base metals are largely trading sideways but we must remember that the US are away due to President's day.</p> <p><strong>There is nothing on today's US calendar </strong>as the nation celebrates Presidents' day.</p> <p>* * * </p> <p><strong>DB's Jim Reid concludes the overnight wrap</strong></p> <p>The French political newsflow continues to build ahead of the April/May elections. Although it's a US holiday, European politics looks likely to be a big topic today. Indeed on Friday we learned that French&nbsp; Socialist candidate Hamon and far-left candidate Melenchon had talked to each other about forming a possible joint candidacy while our economists also noted that Hamon was in talks about forming an alliance with the Greens, all of which adding another potentially interesting twist to the election race. Our colleagues highlighted that one first round scenario is where Macron, Le Pen and Hamon-Melenchon could all poll within the margin of error. This could in theory decrease the chances of Le Pen being in the second round, but at the same time also increase her chances of winning if she did make it to the second round. At the same time it would also increase market volatility around the French Presidential election.</p> <p>Our economists did however also highlight that an alliance between Melenchon and Hamon would in reality be difficult to form. Melenchon said that only he could be the candidate of such an alliance and in reality it would be very hard for many Socialist members to accept such a bond. Significantly, over the weekend the news suggests that the two candidates are no closer to bridging the gap. In fact Hamon was reported as saying that “I won’t run after Melenchon” and that “I don’t run after anyone”. According to Bloomberg Melenchon also said that Hamon’s campaign was going nowhere and that he would not hitch a ride on Hamon’s “hearse”. Separate to all this, Le Pen has been forced to deny an allegation from the EU fraud office over the weekend concerning a report that she provided aides with fake parliamentary jobs. Meanwhile, Fillon confirmed on Friday that he would continue to run for Presidency even if a formal investigation opens concerning the employment of his family. So plenty to take in. It’s worth noting that 10y OATs (+2.0bps) underperformed relative to Bunds (-4.7bps) and Treasuries (-3.2bps) on Friday.</p> <p>Meanwhile, over in Italy we’ve had the confirmation that former PM Renzi has quit as leader of the PD, and so triggering a party re-election. Primaries are expected to take place at the end of April or in the first half of May. Our economists also noted in their Focus Europe piece on Friday that an important theme of late has been the increasing probability of a split of Renzi’s PD with the left wing minority apparently intentioned to breakup. They note that if it materialises, the likelihood of a victory of eurosceptic parties at the general election would increase – currently the polls give the PD a small advantage over the 5SM. Hence, markets could interpret a PD split negatively. Indeed our economists’ central case is a break-up of the PD with the consequence being a further increase in political fragmentation by damaging the only large party that remains pro-European. The main question, then, would become how much political support the PD would lose if historical left-wing leaders were to abandon the party. In their view, a split of the PD could open the door to a victory of the eurosceptic parties in the coming election.</p> <p>Not to be outdone, German politics may also have a role in the spotlight today. A weekend poll by the Emnid Institute and published in the Bild newspaper showed that the centre-left Social Democrats party have widened their lead over Merkel’s CDU party. The poll found that the SPD’s support increased 1% in a week to 33%, while the CDU’s share fell 1% to 32%. The poll also suggests that the SPD’s overall percentage has increased 12% in the last four weeks. That is the 3rd poll that we have found which shows a 1% lead for the SPD over the CDU, although the absolute percentage share for the SPD is the highest in this latest Emind poll. Something else worth watching.</p> <p>Staying with Europe, today we’ve also got the scheduled Eurogroup finance ministers meeting in Brussels where ministers are due to discuss the Greece’s bailout. Hopes for progress have seemingly stalled until after the upcoming European elections although German finance minister Wolfgang Schaeuble did reiterate his confidence over the weekend that Greece is on the right path and that he also expects the IMF to participate in a third bailout package. </p> <p>This morning in Asia the overall tone in markets is a fairly positive one to start the week. The Nikkei (+0.16%), Hang Seng (+0.32%) and Kospi (+0.06%) have all edged higher in the early going although moves for the most part are modest. The exception is in China where the Shanghai Comp is up a slightly stronger +0.75% with banks leading the way. In FX the Euro is little changed following the various weekend&nbsp; newsflow. Meanwhile there’s been some early data out of Japan where the January trade numbers were released. Exports were reported as rising only +1.3% yoy (vs. +5.0% expected) from +5.4% in the month prior, while a bigger than expected surge in imports (+8.5% yoy vs. +4.8% expected) has resulted in a shrinking of the surplus.</p> <p>Moving on. The relatively benign moves this morning follow what was also a fairly tepid end to the week on Friday in markets. Equity markets in the US did however manage to eke out another small gain with the S&amp;P 500 finishing +0.17% following a late bounce into the close. That means it has closed up in 11 of the last 13 trading sessions although at the same time has now gone 49 consecutive sessions without closing with a move up or down by more than 1%. The VIX (-2.30%) edged back down to 11.49 while markets in Europe were similarly subdued with the Stoxx 600 closing +0.03%.</p> <p>Meanwhile along with the weakness in OATs, peripherals also struggled in Europe on Friday with 10y yields +3bps to +5bps higher. The FTSE MIB (-0.42%) and IBEX (-0.57%) indices also underperformed. 10y Gilts yields did however rally nearly 5bps while Sterling (-0.62%) was weaker following a disappointing UK retail sales report. January retail sales including fuel fell -0.3% mom compared to expectations for a +1.0% rise while excluding fuel, sales also fell unexpectedly (-0.2% mom vs. +0.7% expected), which in turn helped to push the YoY rate down to +2.6% from +4.7%. The only other data came from the US where the conference board’s leading index rose +0.6% mom in January.</p> <p>To this week’s calendar now. With the US on holiday for President’s Day (and markets subsequently closed) the data this morning is reserved for Europe where we’ll get PPI in Germany and CBI selling prices data in the UK. Euro area consumer confidence data will also be released. Kicking things off on Tuesday will be Japan where we get the flash February manufacturing PMI. It’ll be all about the PMI’s in the European session too with flash manufacturing, services and composite readings all due. We’ll also get CPI in France and public sector net borrowing data in the UK. In the US we’ll also get the three flash PMI readings. In the Asia session on Wednesday the lone data release is property prices data in China. Over in Germany we’ve got the IFO survey results for February as well as preliminary Q4 GDP for the UK, along with the various growth components. The final January CPI figures for the Euro area will also be watched. In the US on Wednesday the lone data is January existing home sales, while we’ll also get the FOMC minutes from the January meeting. Thursday kicks off with more GDP data, this time the final January report in Germany while we’ll also get confidence indicators out of France. In the US data due includes initial jobless claims, FHFA house price index and Kansas City Fed’s manufacturing survey. There’s nothing of note in Europe on Friday while in the US we’ll get new home sales and the University of Michigan consumer sentiment reading.</p> <p>Away from the data the Fedspeak this week consists of Kashkari, Harker and Williams on Tuesday, Powell on Wednesday and Lockhart on Thursday. Another focus for markets will be today’s Eurogroup meeting where finance ministers are due to discuss Greece’s bailout situation. Also of note today is the House of Lords commencing a two-day debate on the draft law passed in the House of Commons with a vote due on Tuesday. BoE Governor Carney is also due to testify before UK Parliament on Tuesday.</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="1200" height="675" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/kft%20offer.jpg?1487591912" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-20/global-stocks-rise-sp-futures-hit-new-record-high-despite-us-market-closure#comments 110th United States Congress 8.5% African National Congress Asia-Pacific ASX 200 Bank of England Bank of England Berkshire Hathaway Bloomberg Dollar Spot BOE Bond Business Business CDU party China Citigroup Cleveland Federal Reserve Consumer Confidence Consumer Sentiment Copper CPI Crude Economics Economy Emergency Economic Stabilization Act Emnid Institute Equity Markets European government European Union Eurozone Fed Board Federal Reserve Federal Reserve Bank fixed flash France Germany Gilts Great Recession in the United States Greece Hong Kong House of Commons House of Lords House of Lords Brexit Housing Market Initial Jobless Claims International Monetary Fund Italy Japan Jim Reid Kansas City Fed Kraft MIB 30 Michigan NASDAQ Nasdaq 100 NASDAQ 100 New Home Sales Newspaper Nikkei Nikkei 225 OPEC Organization of Petroleum-Exporting Countries People's Bank of China RBS Reality S&P 500 Social Democrats party SoftBank Group Stock market Stoxx 600 the University of Michigan Topix Troubled Asset Relief Program U.K. Parliament’s Treasury Committee UK Parliament Unilever United States federal banking legislation University Of Michigan US Federal Reserve Volatility Warren Buffett Workweek and weekend Mon, 20 Feb 2017 12:06:46 +0000 Tyler Durden 588594 at http://www.zerohedge.com Why The Wall Street Journal's Failed Fake News Attack on PewDiePie May Be What Finally Brings The MSM Down http://www.zerohedge.com/news/2017-02-17/why-wall-street-journals-failed-fake-news-attack-pewdiepie-may-be-what-finally-bring <p style="margin-top: 0px; line-height: 1.4em; font-family: Roboto, sans-serif; font-size: 15px;"><em style="box-sizing: border-box; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit;"><span style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 20.3333px; line-height: 17.3333px; font-family: &quot;Lucida Grande&quot;, Verdana, sans-serif;">Interested in precious metals investing? Email us</span></em><em style="box-sizing: border-box; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 1.15; font-family: inherit;"><span style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 20.3333px; line-height: 17.3333px; font-family: &quot;Lucida Grande&quot;, Verdana, sans-serif;"> </span><span style="color: #000080;"><a href="mailto:sales@sprottmoney.com?subject=From%20Zero%20Hedge: PewDiePie Article"><strong style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: 20.3333px; line-height: 17.3333px; font-family: &quot;Lucida Grande&quot;, Verdana, sans-serif;"><span style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; text-decoration: underline;"><span style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 1.2; font-family: inherit; overflow-wrap: break-word;">HERE</span></span></strong><strong style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: 20.3333px; line-height: 17.3333px; font-family: &quot;Lucida Grande&quot;, Verdana, sans-serif;"><span style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; text-decoration: underline;"><span style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: 1.2; font-family: inherit; overflow-wrap: break-word;">&nbsp;</span></span></strong></a></span></em></p> <p><strong style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-stretch: inherit; font-size: 1em; line-height: 1.3em; font-family: &quot;Lucida Grande&quot;, Verdana, sans-serif;">&nbsp;</strong></p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <h1><a href="https://www.sprottmoney.com/Blog/why-the-wall-street-journals-failed-fake-news-attack-on-pewdiepie-may-be-what-finally-brings-the-msm-down-nathan-mcdonald.html"><span style="color: #3366ff;"><strong><span style="text-decoration: underline;"><em>Why The Wall Street Journal's Failed Fake News Attack on PewDiePie May Be What Finally Brings The MSM Down</em></span></strong></span></a></h1> <p><a href="https://www.sprottmoney.com/Blog/why-the-wall-street-journals-failed-fake-news-attack-on-pewdiepie-may-be-what-finally-brings-the-msm-down-nathan-mcdonald.html"><span style="text-decoration: underline; color: #3366ff;"><em><strong>Written by Nathan McDonald (CLICK HERE FOR ORIGINAL)</strong></em></span></a></p> <p>&nbsp;</p> <p><a href="https://www.sprottmoney.com/Blog/why-the-wall-street-journals-failed-fake-news-attack-on-pewdiepie-may-be-what-finally-brings-the-msm-down-nathan-mcdonald.html"><img src="http://www.zerohedge.com/sites/default/files/images/user196978/imageroot/2017/02/17/pewdiepie_710.jpg" width="710" height="399" /></a></p> <p>&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">What in the world is going on? What is happening? 2017 is already shaping up to be a year when the world is turned upside down, spun around and jettisoned into deep space. </p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">The mainstream media, the "lamestream media", or call them whatever you like is losing their grip on reality. The reason why this is happening is simply because they are losing their grip on the narrative and they can't stand it. </p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">For those of us in the <a href="https://www.sprottmoney.com/buy-gold-online.html">gold</a> and <a href="https://www.sprottmoney.com/buy-silver-online.html">silver</a> industry, we are way ahead of the curve. We have been smeared by the financial media for decades. <a href="http://www.gata.org/">GATA</a> has been targeted as conspiracy theorist, even though just about everything they have said has been proven true over the course of time, as have many other "theories" by prominent names in the industry. </p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">The tin foil hats have been taken off, thrown in the dustbin, and are never going back on. The mainstream media is losing the culture and information war, and 2017 is the year that it goes into overdrive. </p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">Hilariously, they are the ones defeating themselves by and large. They continue to come out with fake news story after fake news story based on TRUE conspiracy theories that are easily debunked and dismissed by the mass public who simply won't swallow their lies anymore. </p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">Yet, are they backing down? Are they pulling back, reassessing their tactics and saying, "Wait a minute, this isn't working, more and more people are waking up and changing ranks, less and less people are listening to and reading us!" No. </p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">No, they certainly are not, as seen with the Wall Street Journal's <a href="http://www.zerohedge.com/news/2017-02-16/disney-google-wsj-attack-pewdiepie-backfiring-spectacularly-generation-z-now-woke">recent debacle</a> over PewDiePie, the most famous and followed YouTuber in the world. This mess is now being dubbed #PewDieGate. </p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">On the face, they are targeting him over some crude jokes they took out of context, which I have to agree, likely took things too far and were in bad taste. But what you need to understand is the real, true motive behind their actions, which is now blowing up magnificently in their faces as the YouTube community rallies behind Felix Kjellberg and defends him almost entirely. </p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;"><span class="gmail-gingersoftwaremark">PewDiePie</span> simply isn't taking this lying down and is destroying their fake news narrative they are putting out and it is having a monstrous side effect. It is "red pilling" (waking up) his gargantuan audience. They are seeing through the lies and not buying it. </p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">The real reason why they are attacking him has nothing to do with virtue, which I believe is important, but has everything to do with the power he holds. His influence is far reaching, <span class="gmail-gingersoftwaremark">arguably</span> even more so than ANYONE at the Wall Street Journal. Felix receives tens of millions of views per week, and he is just a dude with a webcam. </p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">You have to note - to the MSM, this is unacceptable and is just another example of how the old "guardians" of the news are dying off and becoming extinct. The new, alternative media is here, and they can't stand it. It cuts into their influence, their control, and more importantly their profits. </p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p style="margin: 0in; margin-bottom: .0001pt;">&nbsp;</p> <p>As a veteran of the precious metals industry, and therefore a seasoned pro in the span class="gmail-gingersoftwaremark"&gt;hate that the MSM emits towards our industry, I say the following: too bad, so sad, your time has passed. </p> <p>&nbsp;</p> <p><em style="box-sizing: border-box; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit;"><span style="box-sizing: border-box; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 20.3333px; line-height: 17.3333px; font-family: &quot;Lucida Grande&quot;, Verdana, sans-serif;">Questions or comments about this article? Leave your thoughts <a href="https://www.sprottmoney.com/Blog/why-the-wall-street-journals-failed-fake-news-attack-on-pewdiepie-may-be-what-finally-brings-the-msm-down-nathan-mcdonald.html"><span style="text-decoration: underline;"><strong>HERE</strong></span></a>. </span></em></p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <h1><a href="https://www.sprottmoney.com/Blog/why-the-wall-street-journals-failed-fake-news-attack-on-pewdiepie-may-be-what-finally-brings-the-msm-down-nathan-mcdonald.html"><span style="color: #3366ff;"><strong><span style="text-decoration: underline;"><em>Why The Wall Street Journal's Failed Fake News Attack on PewDiePie May Be What Finally Brings The MSM Down</em></span></strong></span></a></h1> <p><a href="https://www.sprottmoney.com/Blog/why-the-wall-street-journals-failed-fake-news-attack-on-pewdiepie-may-be-what-finally-brings-the-msm-down-nathan-mcdonald.html"><span style="text-decoration: underline; color: #3366ff;"><em><strong>Written by Nathan McDonald (CLICK HERE FOR ORIGINAL)</strong></em></span></a></p> http://www.zerohedge.com/news/2017-02-17/why-wall-street-journals-failed-fake-news-attack-pewdiepie-may-be-what-finally-bring#comments 9/11 conspiracy theories Conspiracy theory Crude Deception Denialism Fake news Fake news website Mainstream media Mass media Media manipulation PewDiePie Precious Metals Propaganda Propaganda in the United States Propaganda techniques Reality RT Television Wall Street Journal Mon, 20 Feb 2017 10:36:00 +0000 Sprott Money 588504 at http://www.zerohedge.com