http://www.zerohedge.com/fullrss2.xml/%2A%7CARCHIVE%7C%2A en The Audacity of Trump: Can He Succeed In Spite Of An Establishment That Wants Him To Fail http://www.zerohedge.com/news/2017-01-20/audacity-trump-can-he-succeed-spite-establishment-wants-him-fail <p><em><a href="http://www.wsj.com/articles/the-audacity-of-trump-1484871049">Submitted via the Opinion Section of the Wall Street Journal</a></em></p> <p>Donald J. Trump takes the oath of office on Friday facing unprecedented opposition but also an extraordinary opportunity. He confronts the paradox of a <strong>country skeptical that he has the personal traits for the Presidency but still hopeful he can fulfill his promise to shake up a government that is increasingly powerful even as it fails to work.</strong></p> <p>In this respect he is the opposite of <strong>President Obama, whom Americans admire personally but see as a failure in delivering on his promises</strong>. Mr. Trump begins his Presidency without a reservoir of personal goodwill, so more than most Commanders in Chief he will have to win over Americans with results.</p> <p>***</p> <p>He will have to do this, moreover, against a <strong>political opposition that is blunt and relentless in wanting him to fail</strong>. Inaugurations are typically moments of political unity and appeals to larger national purpose, but Mr. Trump will get no honeymoon.</p> <p><strong>Democratic leaders are calling his election illegitimate, and most of the media wants Mr. Trump to implode</strong>—for reasons of partisanship, ideology or simply to vindicate their view during the campaign that he couldn’t and shouldn’t win. <strong>No President since Nixon will face a more hostile resistance in the press and permanent bureaucracy.</strong></p> <p>Yet rather than rage against this hostility, Mr. Trump should view it as an opportunity. So many elites expect him to fail that even small early successes will confound them. So many on the left are predicting the rise of fascism that he can make them look foolish by working well with Congress. So many in the media will portray him as the leader of a gang of billionaires that he can turn the tables with an up-from-poverty and education choice campaign.</p> <p>Mr. Trump owes his narrow election victory to center-right and independent voters who decided he was a risk worth taking. Notably, they seem to be reserving judgment. In the new Wall Street Journal/NBC News poll, Mr. Trump’s personal popularity rating is 10 points underwater, 38% positive, 48% negative—the lowest of any modern President at inauguration.</p> <p>But as notably, the public is better disposed to Mr. Trump’s agenda than to his character and temperament. Tax reform, a faster campaign against Islamic State, improving roads and bridges, and fixing health care enjoy widespread support. If voters are ambivalent about Mr. Trump personally, he has a policy opening to earn their support.</p> <p><img src="http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/2017/01/20/Trump3_0.JPG" alt="Trump" width="600" height="358" /></p> <p>***</p> <p>Mr. Trump’s main—and essential—mandate is to raise middle-class incomes that have stagnated in the Obama era by lifting the economy out of its 1%-2% growth rut. The White House should scrub every policy choice, first and foremost, against its impact on growth. <strong>Mr. Obama put his social and political preoccupations above growth, and the country and his Presidency suffered for it.</strong> The opening for Mr. Trump is that by removing Mr. Obama’s barriers to growth, he can unleash the business investment that has been so weak in this expansion.</p> <p>If Mr. Trump eases the burden of regulation, reforms the tax code, unlocks U.S. energy production and returns markets to health insurance, then capital will get off the sidelines and animal spirits will revive to create new ventures and make pent-up deals. His impulses to restrict trade will have to be contained enough that they don’t undermine his pro-growth agenda. A Trump growth revival is the best way to persuade the skeptical.</p> <p>The new President will also have to reform a government that too few Americans trust, not least because of its indiscriminate intrusion into ever more of American life. This means fixing public services that people can see, such as an Internal Revenue Service that answers taxpayer questions, a veterans service that doesn’t kill veterans, and health insurance with more choices and lower premiums.</p> <p>We disagree with Mr. Trump’s immigration priorities, but one reason border politics are so dyspeptic is that illegal immigration contributes to a sense of lawlessness and disorder. Meanwhile, speeding up permitting for new public projects should also be a high priority. As with Wollman Rink in New York City, the President’s business drive could make more of government work again.</p> <p>Mr. Trump needs partners in Washington who can move his agenda, and he should recognize that Republicans in Congress are a source of expertise and counsel. <strong>If he uses them as allies and forms common cause, he can make his first two years the most significant since Reagan’s first term.</strong> If he goes to war with them for reasons of pique, or over marginal policy differences, Democrats will be eager to inherit the wreckage—and drive him out of office after four years, if not earlier.</p> <p>***</p> <p>The biggest wild card of this Presidency is foreign affairs, where Mr. Trump has instincts but no experience and his penchant for impulsive comments can be unnerving. Mr. Obama worried U.S. friends because he was intent on courting adversaries at their expense. Mr. Trump needs to reassure allies who fear that his “America first” slogan is merely different political cover for a similar U.S. retreat. At least his defense buildup will impress friends and foes, assuming he doesn’t abandon it for budget reasons.</p> <p><strong>Foreign policy is where his shoot-from-the-lip tendencies create the most trouble.</strong> His slap this week at German Chancellor Angela Merkel is the kind of comment that rankles without purpose. If Mr. Trump pursues his own “reset” with Russia without Europe on board, he’ll achieve Vladimir Putin’s goal of dividing the U.S. from Germany and never get the NATO spending increases Mr. Trump wants.</p> <p>He should also ease up on Mexico, lest his trade bullying push that neighbor to the anti-American left and end decades of economic progress. <strong>If he thinks illegal immigration is a problem now, wait until the election of a left-wing Mexican populist.</strong></p> <p>***</p> <p><strong>Mr. Trump promised to disrupt the status quo, and to succeed he will have to.</strong> How he goes about it will be an adventure—not least in a White House that appears to have at least six major power centers. Management by “chaos” can be messy. Then again, <strong>Mr. Trump’s cabinet choices are better than those of the last two Presidents, and in some cases (James Mattis) they are inspired.</strong></p> <p>The Never Trump opposition will be fierce, but the public will await the results. President Trump’s success will depend above all on delivering on his promises of prosperity at home and greater respect for America abroad.</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="1345" height="689" alt="" src="http://www.zerohedge.com/sites/default/files/images/user230519/imageroot/2017.01.20%20-%20Trump.JPG?1484918012" /> </div> </div> </div> http://www.zerohedge.com/news/2017-01-20/audacity-trump-can-he-succeed-spite-establishment-wants-him-fail#comments American people of German descent Business Climate change skepticism and denial Congress Donald Trump Donald Trump presidential campaign Fail Germany Internal Revenue Service Mexico NBC New York City North Atlantic Treaty Organization Political positions of Donald Trump Politics Politics of the United States President Obama Stop Trump movement The Apprentice Wall Street Journal White House White House WWE Hall of Fame Fri, 20 Jan 2017 20:44:50 +0000 Tyler Durden 585960 at http://www.zerohedge.com Anti-Trump Protester Reacts As Donald Trump Is Sworn In http://www.zerohedge.com/news/2017-01-20/anti-trump-protester-reacts-donald-trump-sworn-president <p>No commentary necessary.</p> <blockquote class="twitter-video"><p dir="ltr" lang="en">An anti-Trump protester screams 'no' as Donald Trump is sworn in as the 45th US President <a href="https://t.co/qmsaFmMSkr">pic.twitter.com/qmsaFmMSkr</a></p> <p>— ITV News (@itvnews) <a href="https://twitter.com/itvnews/status/822514006518853632">January 20, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="564" height="300" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/prtester%20screaming_0.jpg?1484943908" /> </div> </div> </div> http://www.zerohedge.com/news/2017-01-20/anti-trump-protester-reacts-donald-trump-sworn-president#comments American people of German descent Business Climate change skepticism and denial Donald Trump Donald Trump Donald Trump presidential campaign Politics of the United States Stop Trump movement The Apprentice Trump Twitter Twitter Fri, 20 Jan 2017 20:24:09 +0000 Tyler Durden 586010 at http://www.zerohedge.com "The Potential Problems Are As Follows" - How The Bull Market Could End According To Credit Suisse http://www.zerohedge.com/news/2017-01-20/potential-problems-are-follows-how-bull-market-could-end-according-credit-suisse <p>With Trump now officially US president amid concerns that a "sell the inauguration" sentiment may emerge at any moment, it was an appropriate moment for Credit Suisse analyst Andrew Garthwaite to release his report listing the 10 possible ways in which the bank's central views (and often the consensus) could be surprised. Below the bank highlights the factors its thinks could surprise adversely in 2017, together with its core views.</p> <p>The quick summary:</p> <ul> <li><strong>The S&amp;P hits 2,500 before falling back to 2,000</strong>. Core view: the S&amp;P 500 rises to 2,350 mid-year before falling to 2,300.</li> <li><strong>EURUSD hits 0.90, before strengthening to end the year at 1.20</strong>. Core view: Credit Suisse's house view sees the euro declining to 1.03 on a three-month view and down to 1.00 on a 12-month view.</li> <li><strong>Chinese GDP growth slows to 5% and with it the RmB weakens to 8. </strong>Core view: 6.8% GDP growth in 2017 and the RmB weakens to 7.33 at year-end.</li> <li><strong>A Le Pen victory in France's presidential election.</strong> Core view: Francois Fillon becomes president.</li> <li><strong>European defensives outperform by 15%. </strong>Core view: we are a small underweight of defensives, though we did add to them in our Outlook.</li> <li><strong>President Trump's policies disappoint the market</strong>. Core view: corporate taxes will be cut, inflation expectations rise and protectionist policies toned down.</li> <li><strong>The oil price hits $75pb by end 2017. </strong>Core view: The oil price will rise to $62 by the end of the year.</li> <li><strong>The Nikkei rises to 25,000</strong>. Core view: we have a mid-year target for the Nikkei of 20,500.</li> <li><strong>The European pharma sector underperforms by another 10%. </strong>Core view: we are overweight pharma and believe it can outperform modestly from Q2 this year.</li> <li><strong>US 10-year Treasury yields hit 4%. </strong>Core view: CS US rates strategists have a 3% year-end target.</li> </ul> <p>We will present more on these core 10 points over the next several days, but wanted to highlight one relevant point. While Garthwaite makes it clear it is far from his base case, he lays out the following assessment of what could kill the bull market.</p> <p><strong>The End Of The Bull Market</strong></p> <p>In essence, the first half of 2017 could look like a normal business cycle, but in the second half it seems plausible the cycle in the US could face significant challenges, and so could equities. The potential problems are as follows:</p> <p><strong>1. Too much fiscal easing pushes the labour market to beyond full capacity</strong></p> <p>As above, by the end of the year, the unemployment rate in the US could perhaps decline toward 4.25% if Trump embarks on fiscal easing. Indeed the OECD assume that his fiscal policies will boost GDP growth by c0.25-0.5% in the second half of this year. To use some simple numbers, if GDP growth accelerates to 2.7%, then with the rate of growth of the workforce around 0.75% and productivity growth of 1%, the unemployment rate could end up declining to around 4% by Q3 2017. Thus even taking into account the view above (that the full employment rate of unemployment may be lower than the Fed's forecast) the economy would still move beyond full employment.</p> <p>The rise in wage growth would then start to depress corporate profits margins as well as increasing the risk that bond yields rise to what we view as the danger point of 3-3.5%. In addition, any pressure on profit margins at a time when corporate leverage is very high would in turn threaten capital spending plans. </p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/15/bull%20end%201.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/15/bull%20end%201_0.jpg" width="500" height="268" /></a></p> <p><strong>2. The US bond yield starts to rise beyond our danger point of 3.5%</strong></p> <p>Rising US bond yields have the capacity to negatively impact equities in a number of ways: bond to equity valuations; corporate net buying (which becomes more expensive to finance); and the interest charge (with 1% on the corporate bond yield taking 4.2% off earnings). Equally at some point the risk is that the rise in bond yields affects economic growth. The OECD's global model highlights that 1% on bond yields is 0.2% off US GDP.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/15/bull%20end%202.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/15/bull%20end%202_0.jpg" width="500" height="256" /></a></p> <p><strong>3. The Trump administration disappoints on corporate taxation and protectionism, but not on personal taxation</strong></p> <p>The mix of fiscal policies passed by the Trump administration, even if they prove positive for growth, could be challenging for equities. In particular, if the focus of the stimulus is on personal taxation, and if corporate tax plans are watered down, the combination could become quite negative for equities.</p> <p>Such a mix would seem plausible. Personal taxation cuts tend be popular with both Republican lawmakers and with households. Under a budget reconciliation process (which requires measures to be budget neutral on a 10-year view), such cuts could be passed using sunset provisions, i.e. expiration after a decade, as was the case with George W. Bush's tax cuts. Such a policy would only push the economy to operate further above full capacity, placing more upward pressure on wages. It is possible that such a boost would be supplemented by a change in the tax code that further encourages US investment (with corporates being allowed to fully depreciate their investments in year one or choose interest deductibility).</p> <p>The positive offset to the challenge to margins of an economy operating above full capacity is expected be cuts to corporate tax. However, we should at least consider the prospect that corporate tax cuts might prove smaller than hoped. A Gallup poll reported by CNBC found that 'a majority of both the general public and Trump voters oppose lowering taxes on big business and upper-income Americans…only 39% of Trump voters think corporate taxes should be lowered' (see CNBC.com, 13th January 2017). The House of Representatives is re-elected every two years and thus are incentivised to remain<br />responsive to public opinion. The political backdrop would appear to exist, therefore, for the tax cuts to be watered down.</p> <p>Allied to this, there would appear to be a risk that protectionism could be worse than expected. The positive equity market reaction to Donald Trump's election was built on his initial focus on the constructive aspects of his campaign (in particular his mention of infrastructure spending in his acceptance speech), and apparent downplaying of the more controversial ones (he made no mention in that initial speech of a wall along the Mexican border or of protectionism).</p> <p>Subsequent tweets and comments have, however, suggested that some of the more controversial aspects of Candidate Trump remain very much a part of President Trump's policy platform, particularly when it comes to protectionism. For example, in a recent interview with The Times (see The Times, 16 January 2017), he stated that he wished to realign the 'out of balance' car trade between Germany and the US, with a 35% tax on every foreign-produced car sold in the US. And some of his appointments have been trade hawks (such as Peter Navarro to the White House Trade Council, an economist who wrote the book 'Death By China'). If the border adjustment tax (which is WTO compliant as long as the tax credit is not more than the marginal tax rate) just results in a stronger dollar, then there would be more pressure to put up protectionist barriers.</p> <p>It remains to be seen whether the WTO would allow such a tariff, or the implementation of a border adjustment tax, but were it to strike down either policy, it would in all likelihood increase the chance that the US simply pulled out of the WTO.</p> <p><strong>4. The end of equity bull markets</strong></p> <p>Historically, the closing 12 months of an equity bull market have been characterised by a spike higher, and then a larger than expected decline. In the case of the Hang Seng, KOSPI and TAIEX in '94, '89 and '90 respectively, the final year of the bull market was characterised by gains of around 80% on average. In the case of the Nikkei in 1990 and the S&amp;P 500 in 1999, the final year of the bull market saw gains of c.25%.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/15/bull%20end%203.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/15/bull%20end%203_0.jpg" width="500" height="323" /></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="1080" height="579" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/bull%20end%201.jpg?1484940908" /> </div> </div> </div> http://www.zerohedge.com/news/2017-01-20/potential-problems-are-follows-how-bull-market-could-end-according-credit-suisse#comments Bond Bond Business Climate change skepticism and denial Corporate Leverage Credit Suisse Donald Trump Economic policy Economic policy of Donald Trump Economy Gallup Germany Hang Seng 40 House of Representatives Nikkei Nikkei 20 Nikkei 225 OECD Peter Navarro Political positions of Donald Trump Public finance Quantitative easing S&P 500 Tax Trump Administration Unemployment US Federal Reserve White House White House Trade Council World Trade Organization WWE Hall of Fame Fri, 20 Jan 2017 20:08:45 +0000 Tyler Durden 586006 at http://www.zerohedge.com Violence Breaks Out In Washington D.C. As Protesters Clash With Police http://www.zerohedge.com/news/2017-01-20/inauguration-riots <p>Clashes broke out between protesters and D.C. police after Donald Trump's inauguration. Black-clad activists angry about U.S. President Donald Trump's <a href="http://www.reuters.com/article/us-usa-trump-inauguration-protests-idUSKBN1540J7?il=0">inauguration have smashed store car windows </a>and blocked traffic in Washington on Friday and fought with police in riot gear who responded with tear gas and stun grenades.</p> <p>About 500 people, some wearing masks, marched through the city's downtown, using hammers to claw up chunks of pavement to smash the windows of a Bank of America branch and a McDonald's outlet, all symbols of the American capitalist system. </p> <p>The crowd chanted anti-Trump slogans and carried signs with slogans including "Make Racists Afraid Again," a play on the New York businessman-turned-politician's "Make America Great Again" campaign slogan. The incident occurred about 90 minutes before Trump was sworn in at the Capitol a mile and a half (2.4 km) away.</p> <p>According to <a href="http://www.reuters.com/article/us-usa-trump-inauguration-arrests-idUSKBN1542HQ?il=0">Reuters</a>, Washington police made "numerous" arrests on Friday after violent protests during Donald Trump's inauguration, with individuals being charged with rioting, the city's police department said. "Pepper spray and other control devices were used to control the criminal actors and protect persons and property," the department said in a statement. The statement added that two police officers had sustained minor injuries from "coordinated attacks" and that police vehicles were damaged.</p> <p>Two police officers sustained minor injuries from people who were trying to avoid arrest, police said.</p> <p>"The message I want to send is that Trump does not represent this country. He represents the corporate interests," said Jessica Reznicek, a 35-year-old Roman Catholic aid worker from Des Moines, Iowa, who was part of the protest but did not participate in the violence.</p> <p>Not far from the White House, protesters scuffled with police, at one point throwing aluminum chairs at an outdoor café. Bob Hrifko, a member of the "Bikers for Trump" group in town to celebrate the inauguration, was struck in the face when he tried to intervene.</p> <p>"I know, law and order and all that. We need more order. This ain't right," said Hrifko, who was bleeding from a cut under his eye.</p> <p>Trump supporters Chris and Karen Korthaus, who carried a life-size cardboard cutout of the former reality TV star, crossed paths with an anti-Trump crowd. </p> <p>"A protester came over and ripped off the Don's head," Karen Korthaus said as she showed a reporter a video of the incident. "We ran to a pizza shop and taped his head back on". </p> <p>Carl Beams, 36, from Howell, New Jersey, stood in line with thousands of other Trump supporters waiting to enter the National Mall to view the inauguration.</p> <p>* * * </p> <p>&nbsp;</p> <p>Last night we noted that <a href="http://www.zerohedge.com/news/2017-01-19/police-protesters-clash-anti-trump-rally-dc">anti-Trump protesters had their first confrontation with police</a> as American's violent, disaffected youth threw eggs at guests and set fires outside of Trump International Hotel as people attempted to make their way to the new administration's "Deploraball."&nbsp; But with the inauguration now over, protesters are showing no signs of slowing down as chaotic scenes of rioters destroying private property are flooding twitter.</p> <blockquote class="twitter-video"><p dir="ltr" lang="en">BREAKING NEWS: Protests have turned violent, Riot police respond. <a href="https://twitter.com/hashtag/Inauguration?src=hash">#Inauguration</a> <a href="https://t.co/gTQLbDozhN">pic.twitter.com/gTQLbDozhN</a></p> <p>— TheAnonMessage (@TheAnonnMessage) <a href="https://twitter.com/TheAnonnMessage/status/822496298184175617">January 20, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-video"><p dir="ltr" lang="en">A riot breaks out in Washington, D.C. <a href="https://twitter.com/hashtag/Inauguration?src=hash">#Inauguration</a> <a href="https://twitter.com/hashtag/TrumpInauguration?src=hash">#TrumpInauguration</a> <a href="https://twitter.com/hashtag/Inaugurationday?src=hash">#Inaugurationday</a> <a href="https://t.co/Zz17Z9Zls3">pic.twitter.com/Zz17Z9Zls3</a></p> <p>— Today'sLoop (@TodaysLoop) <a href="https://twitter.com/TodaysLoop/status/822498600328560642">January 20, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-video"><p dir="ltr" lang="en">Smashing the windows of a <a href="https://twitter.com/McDonalds">@McDonalds</a> <a href="https://twitter.com/hashtag/Inauguration?src=hash">#Inauguration</a> <a href="https://twitter.com/hashtag/DC?src=hash">#DC</a> <a href="https://twitter.com/hashtag/riot?src=hash">#riot</a> <a href="https://twitter.com/hashtag/protest?src=hash">#protest</a> <a href="https://twitter.com/hashtag/TRUMP?src=hash">#TRUMP</a> <a href="https://t.co/3sraD1MUG4">pic.twitter.com/3sraD1MUG4</a></p> <p>— Bryant Sullivan (??) (@bsullivantwit) <a href="https://twitter.com/bsullivantwit/status/822501411090886656">January 20, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"><p dir="ltr" lang="en">Bus bay smashed at 13/K <a href="https://twitter.com/hashtag/wmata?src=hash">#wmata</a> <a href="https://t.co/gYPpMBNmOt">pic.twitter.com/gYPpMBNmOt</a></p> <p>— Faiz Siddiqui (@faizsays) <a href="https://twitter.com/faizsays/status/822470870526468096">January 20, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-video"><p dir="ltr" lang="en">People inside Starbucks at the anarchist smashed the window of <a href="https://t.co/IRuwEZ0TuE">pic.twitter.com/IRuwEZ0TuE</a></p> <p>— Lee Stranahan (@stranahan) <a href="https://twitter.com/stranahan/status/822472876230119428">January 20, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-video"><p dir="ltr" lang="en">Riot police using mace, pepper spray at anti-capitalist, anti- facist march: <a href="https://t.co/BOHqG8QPEc">pic.twitter.com/BOHqG8QPEc</a></p> <p>— Alex Emmons (@AlexanderEmmons) <a href="https://twitter.com/AlexanderEmmons/status/822474514189709314">January 20, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-video"><p dir="ltr" lang="en">A riot is breaking out. They smashed Bank of America and Starbucks <a href="https://twitter.com/hashtag/Inauguration?src=hash">#Inauguration</a> <a href="https://t.co/ycIcOslZQt">pic.twitter.com/ycIcOslZQt</a></p> <p>— Cassandra Fairbanks (@CassandraRules) <a href="https://twitter.com/CassandraRules/status/822469405699436544">January 20, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>&nbsp;</p> <p>Meanwhile, here is video of "DisruptJ20" protesters following through on the exact strategy to "blockade checkpoints" that<a href="http://www.zerohedge.com/news/2017-01-17/video-exposes-anti-trump-group-plans-shut-down-dc-bridges-and-highways-clusterfuck-b"> Project Veritas exposed in a series of undercover videos posted just a couple of days ago</a>.</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/Trump?src=hash">#Trump</a> supporters trying to attend <a href="https://twitter.com/hashtag/Inauguration?src=hash">#Inauguration</a> told "this checkpoint is closed" by <a href="https://twitter.com/hashtag/DisruptJ20?src=hash">#DisruptJ20</a> protesters at <a href="https://twitter.com/hashtag/BlackLivesMatter?src=hash">#BlackLivesMatter</a> blockade <a href="https://t.co/6t65RTOx9S">pic.twitter.com/6t65RTOx9S</a></p> <p>— Alexander Rubinstein (@AlexR_DC) <a href="https://twitter.com/AlexR_DC/status/822435603031724032">January 20, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-video"><p dir="ltr" lang="en">Anti-Trump protesters block men in Air Force uniforms from entering the <a href="https://twitter.com/hashtag/Inauguration?src=hash">#Inauguration</a> checkpoint.<a href="https://t.co/ZAhpnb3pGN">pic.twitter.com/ZAhpnb3pGN</a></p> <p>— Breaking911 (@Breaking911) <a href="https://twitter.com/Breaking911/status/822474523601670145">January 20, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>&nbsp;</p> <p>And here are some of the protest scenes from last night.</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Police clash with protesters ahead of Donald Trump's <a href="https://twitter.com/hashtag/Inauguration?src=hash">#Inauguration</a> <a href="https://t.co/ULZcHQUURT">https://t.co/ULZcHQUURT</a> <a href="https://t.co/TdaXuoKl2I">pic.twitter.com/TdaXuoKl2I</a></p> <p>— Reuters Top News (@Reuters) <a href="https://twitter.com/Reuters/status/822478544651448326">January 20, 2017</a></p></blockquote> <blockquote class="twitter-video"><p dir="ltr" lang="en">BREAKING: DC police mace, teargas anti-Trump protests outside National Press club. Video: <a href="https://twitter.com/hashtag/disruptj20?src=hash">#disruptj20</a> <a href="https://t.co/cdIKHUlUg9">pic.twitter.com/cdIKHUlUg9</a></p> <p>— DCMediaGroup (@DCMediaGroup) <a href="https://twitter.com/DCMediaGroup/status/822243359825821697">January 20, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"><p dir="ltr" lang="en">Here are the graphic images of the assault aftermath before being treated by EMS and taken to the hospital. <a href="https://twitter.com/hashtag/Deploraball?src=hash">#Deploraball</a> <a href="https://t.co/nSOcNQaVel">pic.twitter.com/nSOcNQaVel</a></p> <p>— James Allsup (@realJamesAllsup) <a href="https://twitter.com/realJamesAllsup/status/822331661459329025">January 20, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="963" height="90" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/trump%20riots.jpg?1484938215" /> </div> </div> </div> http://www.zerohedge.com/news/2017-01-20/inauguration-riots#comments Air Force Bank of America Bank of America Black Lives Matter Black-clad Business DC police Donald Trump Donald Trump Chicago rally protest Donald Trump presidential campaign Draft:List of protests against Donald Trump Politics Politics of the United States Protests against Donald Trump Reality Reuters Riot police Stop Trump movement Twitter Twitter War Washington D.C. Washington police White House White House Fri, 20 Jan 2017 20:05:08 +0000 Tyler Durden 585998 at http://www.zerohedge.com Trump's Inauguration Live Stream http://www.zerohedge.com/news/2017-01-20/trump-inauguration-all-you-need-know <p><strong>Live Feeds From Washington</strong></p> <p><strong>CSpan </strong>(after the jump)</p> <p><a href="https://www.c-span.org/video/?421594-1/inauguration-donald-trump-45th-president-united-states&amp;live"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/15/cspan_0.jpg" width="500" height="274" /></a></p> <p><strong>Fox News </strong>(after the jump)</p> <p><a href="https://www.youtube.com/watch?v=OFWlhB9gpPQ"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/15/fox%20live_0.jpg" width="500" height="273" /></a></p> <p><strong>CNN:</strong></p> <p><iframe src="https://www.youtube.com/embed/g6tnzimR5Og" width="500" height="281" frameborder="0"></iframe></p> <p>&nbsp;</p> <p>* * * </p> <p><strong>Preview Of The Event</strong></p> <p>The day is finally here: the long and turbulent 2016 election reaches its dramatic conclusion today when Donald Trump is sworn in as the 45th president of the United States. In a ceremony likely to draw 900,000 people, including protesters, Trump and his vice president, Mike Pence, will take the oath of office at noon outside the domed U.S. Capitol, with U.S. Chief Justice John Roberts presiding. </p> <p><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/15/BN-RS180_INAUG0_M_20170119170800_0.jpg" width="500" height="333" /></p> <p>The inauguration by the numbers:</p> <ul> <li>The crowd is expected to be between 700,000 and 900,000. This compares to roughly 1.8 million present during Barack Obama's first inauguration.</li> <li>28,000 security officials, including secret service and national guard are expected to be present</li> <li>Trump's inaugural address is expected to last about 20 minutes</li> <li>The parade will include 8,000 participants representing 40 organizations, including marching bands and veteran groups</li> <li>There will be 3 official balls, compared to 10 for Obama</li> <li>99 protest groups have signed up to demonstrate the inauguration</li> </ul> <p><iframe src="http://video-api.wsj.com/api-video/player/iframe.html?guid=5A568C65-65B7-4CC6-9F4B-EB5ED76F01E9" width="512" height="288" frameborder="0" scrolling="no"></iframe></p> <p>* * * </p> <p><strong>The Inauguration</strong></p> <p>The inauguration of the controversial real estate mogul and former reality television star will largely follow tradition, but there will be several unique changes scattered throughout. </p> <p>In what will likely be the most personal touch, Trump has chosen his childhood Bible for the swearing-in ceremony. He will also use the Lincoln Bible, which has been used at three previous inaugural ceremonies: that of Abraham Lincoln in 1861, and for Barack Obama both in 2009 and 2013. </p> <p>Unlike previous inaugurations, the lineup of performers has been largely kept quiet as a number of individuals who were either asked to participate or who were announced as part of the lineup ended up dropping out following backlash. One performer who has been confirmed is Jackie Evancho, a 16-year-old “America’s Got Talent” alum. She will be singing the national anthem. </p> <p>Another abnormal aspect of the day will be the number of congressional Democrats who have announced that they are skipping the inauguration. The latest count has one-third of all House Democrats skipping the inauguration. <strong>There is no modern precedent for a planned political boycott of this scale. </strong>The boycott does not appear to have shaken Trump, who used his most common form of communication to make his first statement of the day. Trump sent out a tweet from his personal account, writing "it all begins today!" </p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">It all begins today! I will see you at 11:00 A.M. for the swearing-in. THE MOVEMENT CONTINUES - THE WORK BEGINS!</p> <p>— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/822421390125043713">January 20, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>The day’s schedule of events follows the familiar pattern of inaugurations of the past, however, as Trump will have stayed overnight at Blair House across the street from the White House and will go from there to a church service. Then, he and his wife, Melania Trump, will go to the White House for tea with the Obamas before proceeding to the Capitol. </p> <p>The swearing-in ceremony will take place shortly after they arrive, and Trump will take the oath of office promptly at noon, which marks the official transfer of power. </p> <p>The inaugural address comes toward the end of the outdoor ceremony, and shortly after that, Obama will leave and Trump will attend a luncheon before the rest of the scheduled events -- including the parade and various balls -- fill out the landmark day.</p> <p>* * * </p> <p><strong>Full <em>S</em>chedule of Events</strong></p> <ul> <li>8:30 a.m. President-elect Trump will attend a church service with his family. Vice President-elect Mike Pence and his family will also join the soon-to-be first family along with Cabinet designees, other family members and friends.</li> <li>9:30 a.m. Trump will attend a White House tea reception hosted by President Barack Obama and First Lady Michelle Obama. Pence and his family will also be in attendance.</li> <li>10:30 a.m. The President-elect's motorcade departs to the US Capitol for the swearing in ceremony.</li> <li>11:00 a.m Swearing-in ceremony begins</li> <li><strong>Noon: President-elect Trump and Vice President-elect Pence will be sworn in. Their families, the Obamas, members of Congress and the US Supreme Court justices will be among the attendees. Trump will recite the oath of office, administered by US Supreme Court<br /> Chief Justice John Roberts using president Abraham Lincoln's<br /> inauguration Bible, as well as the Bible that Trump's mother gave to him<br /> at his Sunday school graduation in 1955. Afterward, Trump will deliver<br /> his inaugural address. The ceremony concludes and President Trump and Vice-President Pence will bid farewell to the Obamas and the Bidens. The Obamas will then board "Executive One."<br /></strong></li> <li>12:45 p.m. The Obamas depart the Capital for Andrews AFB</li> <li>1:00 p.m. President Trump, Vice-President Pence, Melania Trump and Karen Pence will attend a joint congressional inaugural committee luncheon.</li> <li>1:10 p.m. Obama gives remarks at a farewell event at Andrews</li> <li>1:40 p.m. Obamas take on last trip on Air Froce one to California where they will vacation in Palm Springs</li> <li>2:30 p.m. The President and Vice-President will attend a military review.</li> <li>3 pm to 5 pm - Inaugural parade. The newly minted president and vice-president make their way 1.5 miles (2.4 kilometers) along Pennsylvania Avenue from the Capitol to the White House, trailed by some 8,000 parade participants. They will include members of all US military branches, as well as high school and university marching bands, equestrian corps, first responders, veteran groups and even a tractor brigade.</li> <li>7 pm to 11 pm - Trump, Pence and their wives will make appearances at three official inaugural balls, two of which will be held at the Walter E. Washington Convention Center and the other at the National Building Museum. A number of semi-official and unofficial balls also will take place throughout the city.</li> </ul> <p>* * * </p> <p><strong>Inauguration Speakers</strong></p> <ul> <li><strong>Cardinal Timothy Dolan: </strong>Archbishop of New York</li> <li><strong>Pastor Paula White-Cain: </strong>New Destiny Christian Center</li> <li><strong>Reverend Franklin Graham</strong>: Samaritan's Purse and The Billy Graham Evangelistic Association</li> <li><strong>Reverend Dr. Samuel Rodriguez:</strong> National Hispanic Christian Leadership Conference</li> <li><strong>Rabbi Marvin Hier: </strong>Simon Wiesenthal Center</li> <li><strong>Bishop Wayne T. Jackson</strong>: Great Faith Ministries International</li> </ul> <p>* * * </p> <p><strong>Protests</strong></p> <p>Security will be tight around the White House and Capitol. Streets near the president's home were blocked to traffic by empty buses and dump trucks or temporary pedestrian security checkpoints where law enforcement officers and National Guard troops checked people's bags. </p> <p>Some 28,000 officers were in place to secure the roughly 3-square-mile (8-square-kilometer) area of downtown Washington. The National Mall in front of the Capitol opened early to begin admitting guests, who were barred from bringing selfie sticks, coolers for beverages, and long umbrellas despite the rainy weather. </p> <p>* * * </p> <p><strong>The Parade</strong></p> <p>The parade dates back to the first inauguration. When George Washington took the oath of office April 30, 1789, in New York City, members of the Continental Army, government officials, members of Congress and prominent citizens escorted him to Federal Hall for his swearing-in ceremony, according to the Joint Congressional Committee on Inaugural Ceremonies. The largest parade, which included 73 bands, 59 floats, horses, elephants and civilian and military vehicles, and lasted 4 hours and 32 minutes, was in 1953 at Dwight D. Eisenhower's first inauguration.</p> <p>* * * </p> <p><strong>Balls</strong></p> <p>Donald Trump will attend three inaugural balls.</p> <ul> <li><em><strong>THE OFFICIAL PRESIDENTIAL INAUGURAL BALLS: 7 p.m. to 11 p.m.: Walter E. Washington Convention Center</strong></em></li> </ul> <p style="padding-left: 30px;">The two balls are dubbed Liberty and Freedom. Tickets are priced at $50—designed to be affordable so that more people can attend. Entertainment includes singer Sam Moore, Tim Rushlow and his Big Band, the New York-based dance company the Rockettes, classical music crossover group the Piano Guys and Erin Boheme.</p> <ul> <li><em><strong>THE SALUTE TO OUR ARMED SERVICES BALL: National Building Museum</strong></em></li> </ul> <p style="padding-left: 30px;">A traditional inaugural event for members of the military, invitation-only.</p> <p>* * * </p> <p><strong>The Map</strong></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/15/trump%20march.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/01/15/trump%20march_0.jpg" width="500" height="384" /></a></p> <p><em>Source: <a href="http://www.wsj.com/graphics/a-guide-to-the-inauguration-events/">WSJ</a>, <a href="http://abcnews.go.com/Politics/inside-donald-trumps-inauguration-day/story?id=44906987">ABC</a>, <a href="http://www.reuters.com/article/us-usa-trump-inauguration-idUSKBN1540I0">Reuters</a></em></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="1255" height="685" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/fox%20live.jpg?1484923572" /> </div> </div> </div> http://www.zerohedge.com/news/2017-01-20/trump-inauguration-all-you-need-know#comments American people of German descent Barack Obama Business Climate change skepticism and denial Congress Continental Army Donald Trump Donald Trump Donald Trump presidential campaign Fox News Inauguration of Donald Trump Joint Congressional Committee on Inaugural Ceremonies Mike Pence National Guard New York City Politics Politics of the United States Presidency of Donald Trump Real estate Reality Reuters Simon Wiesenthal Center U.S. Supreme Court United States United States presidential inaugural balls United States presidential inauguration White House White House Fri, 20 Jan 2017 19:55:50 +0000 Tyler Durden 585963 at http://www.zerohedge.com Protesters Block Traffic Outside Trump Tower In Manhattan http://www.zerohedge.com/news/2017-01-20/protesters-block-traffic-outside-trump-tower-manhattan <p>As reproted earlier, violence erupted in some streets of Washington, D.C as members of a group dressed head to toe in black smashed the windows of cars and store windows shortly before President Donald Trump took the oath of office. Over 90 people were arrested, Interim Police Chief Peter Newsham said in a Periscope video posted on Twitter. </p> <p><a href="http://abcnews.go.com/Politics/arrests-violence-flares-parts-capital-inauguration-day/story?id=44925970">Quoted by ABC</a>, He added that the problems were caused by one group, "and it's a very, very small percentage of the number of folks that came here to peacefully assemble in our city."</p> <p>Police said in a statement an organized group marched through the northwest part of the city at around 10:30 a.m., and that "members of the group acting in a concerted effort engaged in acts of vandalism and several instances of destruction of property."</p> <p>The police statement said the group damaged vehicles, destroyed the property of multiple businesses, and ignited smaller isolated fires" and that police vehicles were among those damaged.</p> <p>So far at least three police officers have been injured, and approximately 100 protesters arrested.</p> <p>Meanwhile, as ABC also reports, the anti-Trump protest has shifted to Manhattan, where it notes that protesters have blocked traffic outside the Trump Tower on Fifth Avenue.</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Protesters block traffic outside Trump Tower in Manhattan following Pres. Trump's <a href="https://twitter.com/hashtag/inauguration?src=hash">#inauguration</a> <a href="https://t.co/r6XHIFhUBb">https://t.co/r6XHIFhUBb</a> <a href="https://t.co/94VFHUFCCa">pic.twitter.com/94VFHUFCCa</a></p> <p>— ABC News Politics (@ABCPolitics) <a href="https://twitter.com/ABCPolitics/status/822524540295254016">January 20, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><script src="//platform.twitter.com/widgets.js"></script><p>More protests are likely in other cities, with groups already congregating in Los Angeles and other major cities.</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Billed as "United against hate" protest begins in Los Angeles <a href="https://t.co/GaBmR3fwXb">pic.twitter.com/GaBmR3fwXb</a></p> <p>— Jennifer Medina (@jennymedina) <a href="https://twitter.com/jennymedina/status/822519780552736768">January 20, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="723" height="398" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/man%20traffic.jpg?1484941819" /> </div> </div> </div> http://www.zerohedge.com/news/2017-01-20/protesters-block-traffic-outside-trump-tower-manhattan#comments ABC News Business Donald Trump Donald Trump Donald Trump presidential campaign Draft:List of protests against Donald Trump Interim Police Legal affairs of Donald Trump Politics of the United States Protests against Donald Trump Trump International Hotel and Tower Trump Tower Twitter Twitter Washington D.C. Fri, 20 Jan 2017 19:51:19 +0000 Tyler Durden 586009 at http://www.zerohedge.com US-Supported Syrian White Helmets Involved with War Crimes Committed by Rebel Groups http://www.zerohedge.com/news/2017-01-20/us-supported-syrian-white-helmets-involved-war-crimes-committed-rebel-groups <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;"><em>This article was co-authored with Disobedient Media editor&nbsp;Cassandra Hasenstein</em></p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;"><em>This article contains graphic images of violence, reader caution is advised</em></p> <h5 style="clear: both; margin-top: 56px; margin-bottom: 28px; font-size: 19px; line-height: 1.10526; color: #1a1a1a; font-family: Merriweather, Georgia, serif;">Abstract:</h5> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">The Syrian White Helmets, or Syria Civil Defense Force are lauded by mainstream news sources for their humanitarian work during the Syrian Civil War. But research by Disobedient Media reveals that the White Helmets are an organization supported by the United States for the purpose of regime change in Syria. We have also directly tied this group to varying levels of involvement with&nbsp;war crimes committed by rebel groups in Syria as well as uncovered evidence of their potential involvement in an effort to intentionally use millions of residents in the besieged city of Aleppo as bargaining chips with the Syrian government.</p> <h5 style="clear: both; margin-top: 56px; margin-bottom: 28px; font-size: 19px; line-height: 1.10526; color: #1a1a1a; font-family: Merriweather, Georgia, serif;">I. The White Helmets are Funded by the United States</h5> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">The White Helmets are described by media sources such as&nbsp;<a href="https://archive.fo/MfXkf" target="_blank" style="box-shadow: currentcolor 0px 1px 0px 0px; color: #007acc;">Time</a>&nbsp;as being “ordinary Syrians” who simply wanted to band together and help mitigate the damage caused by Assad’s Syrian government forces.</p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">This could not be further from the truth. The Syrian White Helmets are an organization funded by the United States with the intention of using the group as part of America’s wider objective of forcing regime change in Syria.</p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">The Syrian Civil Defense Force is funded in part by United States Agency for International Development (USAID). Included here are two links showing contracts awarded by USAID to Chemonics International Inc. (DBA Chemonics).&nbsp;<a href="https://archive.fo/X3IZk" target="_blank" style="box-shadow: currentcolor 0px 1px 0px 0px; color: #007acc;">The first award</a>&nbsp;was in the sum of $111.2 million and has a Period of Performance (POP) from January 2013 to June 2017. It states that the purpose of the award will be to use the funds for managing a “quick-response mechanism supporting activities that pursue a peaceful transition to a democratic and stable Syria.”&nbsp;<a href="https://archive.fo/MhINl" target="_blank" style="box-shadow: currentcolor 0px 1px 0px 0px; color: #007acc;">The second</a>&nbsp;was in the sum of $57.4 million and has a POP from August 2015 to August 2020. This award was designated to be used in the “Syria Regional Program II” which is a part of the Support Which Implements Fast Transitions IV (SWIFT IV) program.</p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">This funding was used, if not entirely, then in part to finance the White Helmets. The&nbsp;<a href="https://archive.fo/8nCLJ" target="_blank" style="box-shadow: currentcolor 0px 1px 0px 0px; color: #007acc;">Syrian Civil Defense Force website</a>&nbsp;lists Chemonics as its primary supporter alongside NGO Mayday Rescue, who operate out of offices in Turkey, Jordan and Dubai.</p> <h5 style="clear: both; margin-top: 56px; margin-bottom: 28px; font-size: 19px; line-height: 1.10526; color: #1a1a1a; font-family: Merriweather, Georgia, serif;">II. The White Helmets Were Involved With&nbsp;Depriving Five Million Civilians of Water Supplies in Aleppo</h5> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">On December 31st, Jordanian news source&nbsp;<a href="http://archive.is/W2Tje" target="_blank" style="box-shadow: currentcolor 0px 1px 0px 0px; color: #007acc;">Al-Bawaba</a>&nbsp;reported that ISIS had shut down two pumping stations on the Euphrates River to leave over five million residents of Aleppo without water. The reports appear to have originated from Iranian news source&nbsp;<a href="http://archive.is/UXzhQ" target="_blank" style="box-shadow: currentcolor 0px 1px 0px 0px; color: #007acc;">Press TV</a>&nbsp;on the same day. The shutdown of water supplies to Aleppo appears to be an effort on the part of rebel groups to strike back at the Syrian government following territorial losses over the past month and came on the heels of&nbsp;<a href="https://archive.fo/avsPz" target="_blank" style="box-shadow: currentcolor 0px 1px 0px 0px; color: #007acc;">reports</a>&nbsp;that other rebel groups had similarly deprived civilians in Damascus of water for weeks.</p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">On December 3rd,&nbsp;a demand letter from rebels near the city of Aleppo emerged on several Twitter accounts:</p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;"><a href="https://archive.fo/zIASP" target="_blank" style="box-shadow: currentcolor 0px 1px 0px 0px; color: #007acc;">Twitter Post 1</a></p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;"><a href="https://archive.fo/972ak" target="_blank" style="box-shadow: currentcolor 0px 1px 0px 0px; color: #007acc;">Twitter Post 2</a></p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">A scan of the demand letter can be seen here:</p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;"><img src="http://disobedientmedia.com/wp-content/uploads/2017/01/baradaoffer.jpg" width="720" height="1019" style="height: auto; max-width: 100%; vertical-align: middle; display: block; margin-right: auto; margin-bottom: 28px; margin-left: auto; clear: both;" class="wp-image-800 size-full aligncenter" /></p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">In the letter, rebel groups stated that they would allow teams to restore the water supply to Aleppo if the Syrian Army and Hezbollah agreed to cease their assault on rebel held positions around the city and allow an international team of observers to monitor the ceasefire.</p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">What made this letter truly significant was the fact that one of the signatories to the document was a representative of the White Helmets:</p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;"><img src="http://disobedientmedia.com/wp-content/uploads/2017/01/baradawh-300x209.jpg" width="300" height="209" style="height: auto; max-width: 100%; vertical-align: middle; display: block; margin-right: auto; margin-bottom: 28px; margin-left: auto; clear: both;" class="size-medium wp-image-801 aligncenter" /></p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">A quick reference to the&nbsp;<a href="https://archive.fo/5A6Gf" target="_blank" style="box-shadow: currentcolor 0px 1px 0px 0px; color: #007acc;">Syrian Civil Defense Force website</a>&nbsp;reveals the exact same logo as the one which appears in the letter:</p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;"><img src="http://disobedientmedia.com/wp-content/uploads/2017/01/whlogo-300x99.jpg" width="300" height="99" style="height: auto; max-width: 100%; vertical-align: middle; display: block; margin-right: auto; margin-bottom: 28px; margin-left: auto; clear: both;" class="alignnone size-medium wp-image-802 aligncenter" /></p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">This document indicates that the White Helmets are playing a troubling role in assisting rebel groups commit war crimes against civilians. This would hardly match the stereotype of being the purely humanitarian group the Western press loves to portray them as.</p> <h5 style="clear: both; margin-top: 56px; margin-bottom: 28px; font-size: 19px; line-height: 1.10526; color: #1a1a1a; font-family: Merriweather, Georgia, serif;">III. The White Helmets Have a Troubling Nexus to War Crimes and Members Often Appear to Actually be Rebel Combatants</h5> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">The embarrassing revelation that the White Helmets participated in the deprivation of water supplies to civilians in Aleppo comes on the heels of reports that the White Helmets were present at the scene of extra judicial killings&nbsp;and their that members are allegedly involved with&nbsp;various rebel military groups.</p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">On May 5th, 2015, the Al-Qaeda affiliated group Jabhat al-Nusra committed an extrajudicial killing of a prisoner, which was filmed for propaganda purposes. In the video, members of the White Helmets are clearly seen present at the scene of the execution helping to remove the body. They did not appear to make any effort to prevent the killing. Al-Nusra’s decision to kill their prisoner was a clear violation of&nbsp;<a href="http://archive.is/oNvFW" target="_blank" style="box-shadow: currentcolor 0px 1px 0px 0px; color: #007acc;">75 U.N.T.S. 135</a>&nbsp;of the Geneva Convention on Treatment of Prisoners of War, and at worst an outright war crime were the victim a civilian. Images of the execution video may be seen here, though the actual footage is too graphic to publish:</p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;"><img src="http://disobedientmedia.com/wp-content/uploads/2017/01/CuDjEVlVYAAbmhn-1024x755.jpg" width="840" height="619" style="height: auto; max-width: 100%; vertical-align: middle; display: block; margin-right: auto; margin-bottom: 28px; margin-left: auto; clear: both;" class="wp-image-803 size-large aligncenter" /></p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">The damning revelations of the video forced Syria Civil Defense to put out a now-deleted&nbsp;<a href="http://archive.is/sVCaJ" target="_blank" style="box-shadow: currentcolor 0px 1px 0px 0px; color: #007acc;">statement</a>&nbsp;on the incident admitting that their team was present during the execution and stating that they condemned the killing of civilians despite the fact that their members did not make attempts to protest the killing at the scene.</p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">Despite their statement claiming that they do not support the murder of civilians, there are a number of videos circulating online where members of the White Helmets openly express support for al-Nusra and other mujahedeen extremist groups who operate in Syria:</p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;"><a href="https://vid.me/HFyU" target="_blank" style="box-shadow: currentcolor 0px 1px 0px 0px; color: #007acc;">Syrian White Helmet expressing support for mujahedeen operating in Syria</a></p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;"><a href="https://vid.me/vKiw" target="_blank" style="box-shadow: currentcolor 0px 1px 0px 0px; color: #007acc;">Syrian White Helmet celebrating the al-Nusra capture of Jisr al-Shughur, Syria</a></p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">There are also a number of images circulating online which appear to show that members of the Syria Civil Defense Force are also members of various rebel military groups in Syria:</p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;"><img src="http://disobedientmedia.com/wp-content/uploads/2017/01/rackubl.jpg" width="800" height="410" style="height: auto; max-width: 100%; vertical-align: middle; display: block; margin-right: auto; margin-bottom: 28px; margin-left: auto; clear: both;" class="wp-image-805 size-full aligncenter" /></p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;"><img src="http://disobedientmedia.com/wp-content/uploads/2017/01/ubsruzzz.jpg" width="800" height="410" style="height: auto; max-width: 100%; vertical-align: middle; display: block; margin-right: auto; margin-bottom: 28px; margin-left: auto; clear: both;" class="wp-image-806 size-full aligncenter" /></p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;"><img src="http://disobedientmedia.com/wp-content/uploads/2017/01/obtersh.jpg" width="800" height="410" style="height: auto; max-width: 100%; vertical-align: middle; display: block; margin-right: auto; margin-bottom: 28px; margin-left: auto; clear: both;" class="wp-image-807 size-full aligncenter" /></p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;"><img src="http://disobedientmedia.com/wp-content/uploads/2017/01/Ctb2-SBW8AEDJTK.jpg" width="524" height="437" style="height: auto; max-width: 100%; vertical-align: middle; display: block; margin-right: auto; margin-bottom: 28px; margin-left: auto; clear: both;" class="wp-image-808 size-full aligncenter" /></p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">Here a screenshot from a video run by Al Jazeera shows a White Helmet member next to a black jihadist flag:</p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;"><img src="http://disobedientmedia.com/wp-content/uploads/2017/01/CtcaRp8WEAA2sFt.jpg" width="892" height="555" style="height: auto; max-width: 100%; vertical-align: middle; display: block; margin-right: auto; margin-bottom: 28px; margin-left: auto; clear: both;" class="wp-image-804 size-full aligncenter" /></p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">The involvement of the White Helmets in assisting rebel groups to cut water supplies to civilians in Aleppo, their failure to take steps to protest or prevent murders of prisoners of war and civilians in Syria, and the alleged involvement of their members with various rebel groups raises questions about the true nature and purpose of the organization. More broadly, the fact that the&nbsp;Syria Civil Defense Force is backed financially by the United States casts a cloud over the ethics and overall goals&nbsp;of American&nbsp;foreign policy objectives in the Middle East.</p> <p style="margin-top: 0px; margin-bottom: 28px; color: #1a1a1a; font-family: Merriweather, Georgia, serif; font-size: 16px;">This article was originally posted at <a href="http://disobedientmedia.com/us-supported-syrian-white-helmets-involved-with-war-crimes-committed-by-rebel-groups/" target="_blank">www.disobedientmedia.com</a></p> <div class="field field-type-filefield field-field-image-blog"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_blog" width="1180" height="842" alt="" src="http://www.zerohedge.com/sites/default/files/images/user240135/imageroot/Netflix-still2.jpg?1484941449" /> </div> </div> </div> http://www.zerohedge.com/news/2017-01-20/us-supported-syrian-white-helmets-involved-war-crimes-committed-rebel-groups#comments Al-Nusra Front al-Qaeda Asia Assad’s Syrian government Battle of Aleppo Dubai Hizballah Jabhat al-Nusra Jaish al-Muhajireen wal-Ansar Middle East Middle East Military history by country Politics Politics of Syria SWIFT Syria Syria Civil Defense Force Syrian army Syrian Civil Defense Force Syrian Civil War Syrian government Turkey Twitter Twitter United Nations United States Agency for International Development War White Helmets Fri, 20 Jan 2017 19:45:44 +0000 William Craddick 586008 at http://www.zerohedge.com Obama Makes Incredible Admission About WikiLeaks In Final Press Conference http://www.zerohedge.com/news/2017-01-20/obama-makes-incredible-admission-about-wikileaks-final-press-conference <p><a href="http://theantimedia.org/obama-admission-press-conference/"><em>Submitted by Alice Salles via TheAntiMedia.org,</em></a></p> <p>President Barack Obama&rsquo;s last press conference was a success, but <strong> only if you consider journalistic incompetence worthy of praise.</strong></p> <p><strong><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170120_obamapr.jpg"><img height="311" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170120_obamapr_0.jpg" width="600" /></a></strong></p> <p>During the <a href="https://www.nytimes.com/2017/01/18/us/politics/obama-final-press-conference.html?_r=0" target="_blank">one-hour affair</a>, Obama answered questions ranging from the <a href="http://theantimedia.org/chelsea-manning-story-tells-us-justice/" target="_blank">commutation</a> of whistleblower Chelsea Manning&rsquo;s sentence to personal queries concerning his and First Lady Michelle Obama&rsquo;s approach when talking to their daughters about the 2016 election &mdash; <strong>not quite a hard-hitting last inquiry for an outgoing president who, as the <em>Los Angeles Times </em>recently noted, managed to <a href="http://www.latimes.com/projects/la-na-pol-obama-at-war/" target="_blank">keep</a> U.S. military forces &ldquo;<em>at war for all eight years of [his] tenure</em>.&rdquo;</strong></p> <p>But despite the media&rsquo;s toothless strategy &mdash; showing the established press doesn&rsquo;t understand its own <a href="https://www.reference.com/world-view/press-called-fourth-estate-d9eee0cb98632d05" target="_blank">role</a> in a free society &mdash; <u><strong>the outgoing president made at least one admission most of the media has also ignored.</strong></u></p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>Around the eight-minute mark of the press conference, Obama <a href="https://www.nytimes.com/2017/01/18/us/politics/obama-final-press-conference.html?_r=0" target="_blank">says</a> he hasn&rsquo;t &ldquo;<em>commented on WikiLeaks generally</em>,&rdquo; and that the &ldquo;<em>conclusions of the intelligence community with respect to the Russian hacking were not conclusive as to whether WikiLeaks was witting or not in being the conduit through which we heard about the [Democratic National Committee] DNC e-mails that were leaked</em>.&rdquo;</p> </blockquote> <p>To <a href="https://www.craigmurray.org.uk/about-craig-murray/" target="_blank">Craig Murray</a>, an author, broadcaster, and human rights activist, <u><strong>Obama&rsquo;s comment clarified that the U.S. government <a href="https://www.craigmurray.org.uk/archives/2017/01/stunning-admission-obama-wikileaks/" target="_blank">has</a> &ldquo;<em>no evidence of how WikiLeaks got the DNC material</em>.&rdquo;</strong></u></p> <p>Obama&rsquo;s statement is important, Murray continues, because it<strong> &ldquo;<em>undermines the stream of completely evidence-free nonsense that has been emerging from the [U.S.] intelligence services this last two months, in which a series of suppositions have been strung together to make unfounded assertions that have been repeated again and again in the mainstream media</em>.&rdquo;</strong></p> <p>Referring to the emails &ldquo;<em>that were leaked</em>&rdquo; and not the servers that were hacked, Murray adds, Obama appears to agree with <a href="http://theantimedia.org/intel-vets-obama-proof-russian-hacking/" target="_blank">several experts</a> on this subject, making it clear the entire ordeal revolving around the alleged Russian interference in the 2016 presidential election is but a smokescreen.</p> <p><strong>&ldquo;<em>I have been repeating that this was a leak, not a hack, until I am blue in the face</em>,&rdquo; </strong>Murray added. But he isn&rsquo;t the only one. William Binney, a whistleblower who previously worked as Technical Director of the National Security Agency (NSA), has also <a href="http://theantimedia.org/nsa-whistleblower-dnc-russia/" target="_blank">stated</a> this incident wasn&rsquo;t a hack. It was a leak.</p> <p>If it had been a hack, Binney <a href="https://soundcloud.com/breitbart/nsa-whistleblower-tells-aaron-klein-agency-has-all-of-hillarys-emails" target="_blank">said</a>, the NSA would be able to provide the public with details regarding the actual attack. But from the reports presented so far, that&rsquo;s clearly not the case.</p> <p><strong>Adding that Obama&rsquo;s reference to the leaked material &ldquo;<em>appears very natural, fluent and unforced</em>,&rdquo; Murray <a href="https://www.craigmurray.org.uk/archives/2017/01/stunning-admission-obama-wikileaks/" target="_blank">celebrates</a>, saying that it &ldquo;<em>is good to have the truth finally told</em>.&rdquo;</strong></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="714" height="370" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170120_obamapr.jpg?1484935951" /> </div> </div> </div> http://www.zerohedge.com/news/2017-01-20/obama-makes-incredible-admission-about-wikileaks-final-press-conference#comments 2016: Obama's America Barack Obama Chelsea Manning Democratic National Committee Film Gender LGBT national security National Security Agency Politics US government Fri, 20 Jan 2017 19:43:27 +0000 Tyler Durden 586007 at http://www.zerohedge.com The Man Who Called The Last Bond Bear Market 40 Years Ago Says "Buy Bonds" http://www.zerohedge.com/news/2017-01-20/man-who-called-last-bond-bear-market-40-years-ago-says-buy-bonds <p><strong>74-year-old bond guru Lacy Hunt is among a rare breed in finance today: people who actually traded during a period when bonds continuously lost value.</strong> As a young bond manager coming of age during the Great Inflation and Richard Nixon&rsquo;s wage and price controls, <a href="https://www.bloomberg.com/news/articles/2017-01-18/bond-guru-who-called-last-bear-market-40-years-ago-says-go-long">Bloomberg reports</a> that Hunt saw the bear market in bonds coming in the late 1970s, and made a fortune for his clients. Today, as hints of inflation start to bubble and calling the next bear market becomes the industry&rsquo;s favorite pastime, Hunt says no,<strong><em> &quot;I&rsquo;m still long bonds, especially the long-end.&quot;</em></strong></p> <p>Hoisington Investment Management&rsquo;s Hunt shrugs it off and says<em><strong> &ldquo;it&rsquo;s just more of the same.&rdquo; </strong></em></p> <p>Using an out of fashion metric known as the velocity of money, the Austin, Texas-based economist says <strong>he&rsquo;s convinced the rout since the election of Donald Trump is just a bump in the road for an extended rally</strong>.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170120_lacy1.jpg"><img height="321" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170120_lacy1_0.jpg" width="600" /></a></p> <p><em>The velocity is the rate at which money circulates in the economy and is usually measured as a ratio of nominal gross domestic product over the total supply. In other words, it measures how well an economy is able to generate transactions, and in turn growth, with an incremental increase of money in the financial system.</em></p> <p>The problem is money velocity in the U.S. (as measured by M2) has fallen to a record-low of 1.44, meaning every dollar spent circulates only 1.44 times in the economy, down from over 2 times at the peak in 1997.<em><strong> To Hunt and other adherents, that shows even after years of unprecedented money printing by the Federal Reserve, inflation will remain subdued and elusive, largely because the private sector has chosen to hoard, and not spend, the money in the years after the financial crisis.</strong></em></p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><em>&nbsp;</em>&quot;When debt is at high levels and increasingly counterproductive, the most important lesson of economic history is that the velocity of money falls,&quot; said Hunt said, who helps manage $3.6 billion in assets.</p> <p>&nbsp;</p> <p><u><em><strong>&quot;I&rsquo;m still long bonds, especially the long-end,&quot; </strong></em></u>the part of the yield curve that&rsquo;s the most sensitive to rising inflation.</p> </blockquote> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170120_lacy2.jpg"><img height="316" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170120_lacy2_0.jpg" width="600" /></a></p> <p>&nbsp;</p> <p>The $308 million Wasatch-Hoisington U.S. Treasury fund gives reason to listen to Hunt. <strong>The fund has outperformed over 90 percent of its peers in the past three and five years,</strong> and has returned 1.7 percent this year.</p> <p><a href="https://www.bloomberg.com/news/articles/2017-01-18/bond-guru-who-called-last-bear-market-40-years-ago-says-go-long">As Bloomberg notes, </a>however, <strong>Hunt isn&rsquo;t the only one seeing the record-low pace as an ominous sign</strong>.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>The fact that money velocity declined rapidly during years of near-zero interest rates may signal aggressive monetary easing actually led to deflation instead of inflation, economists at the St. Louis Fed wrote back in 2014.</p> <p>&nbsp;</p> <p><strong>&quot;In this regard, the unconventional monetary policy has reinforced the recession by stimulating the private sector&rsquo;s money demand through pursuing an excessively low interest rate policy,&quot; </strong>economists Yi Wen and Maria A. Arias wrote.</p> <p>&nbsp;</p> <p><strong>&quot;I know I&rsquo;m the minority here,&rdquo; Hunt said. &ldquo;I&rsquo;m just trying to see the world as I think it should be seen.&rdquo;</strong></p> </blockquote> <p>And bearing in mind that the world and their pet rabbit is short Treasuries..</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170120_lacy3.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/01/17/20170120_lacy3_0.jpg" style="width: 600px; height: 315px;" /></a></p> <p>Hunt may be more right than he knows.</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="967" height="509" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170120_lacy2.jpg?1484926430" /> </div> </div> </div> http://www.zerohedge.com/news/2017-01-20/man-who-called-last-bond-bear-market-40-years-ago-says-buy-bonds#comments Bear Market Bond Bond Business Deflation Demand for money Donald Trump Economy Federal Reserve Gross Domestic Product Inflation Interest rate M2 Macroeconomics Monetary economics Monetary Policy Monetary policy Money Velocity Recession St Louis Fed St. Louis Fed U.S. Treasury US Federal Reserve Yield Curve Yield curve Fri, 20 Jan 2017 19:20:29 +0000 Tyler Durden 586005 at http://www.zerohedge.com New President, New World http://www.zerohedge.com/news/2017-01-20/new-president-new-world <p><a href="http://buchanan.org/blog/new-president-new-world-126437"><em>Submitted by Patrick Buchanan via Buchanan.og,</em></a></p> <p><em><strong>&ldquo;Don&rsquo;t Make Any Sudden Moves&rdquo;</strong></em> is the advice offered to the new president by Richard Haass of the Council on Foreign Relations, which has not traditionally been known as a beer hall of populist beliefs.</p> <p>Haass meant the president should bring his National Security Council together to anticipate the consequences before tearing up the Iran nuclear deal, moving the U.S. embassy to Jerusalem or shooting down a missile being tested by Kim Jong Un.</p> <p><strong>In arguing against rash action, Haass is correct.</strong></p> <p>Where the CFR and the establishment are wrong, and Donald Trump is right, however, is in recognizing the new world we have entered.</p> <p><strong>The old order is passing away.</strong> Treaties and alliances dating from the Cold War are ceasing to be relevant and cannot long be sustained.</p> <p>Economic patriotism and ethnonationalism, personified by Trump, seem everywhere ascendant. <strong>Transnationalism is yielding to tribalism.</strong></p> <p>The greater danger for President Trump is that the movement he led will be abandoned, its hopes dashed, and the agenda that Trump rejected and routed will be <strong>reimposed by a Republican Establishment and its collaborators in politics and the press.</strong></p> <p>Again, it was Trump who read the nation right, which is why he is taking the oath today.</p> <p>The existential threat to the West no longer comes from the East, from a Russian army crashing through Poland and Germany and driving for the Elbe and Fulda Gap.</p> <p><strong>The existential threat to the West comes, instead, from the South.</strong></p> <p>The billion-plus peoples of the Maghreb, Middle East and sub-Sahara, whose numbers are exploding, are moving inexorably toward the Med, coming to occupy the empty places left by an aging and dying Europe, all of whose native-born populations steadily shrink.</p> <p><strong>American&rsquo;s bleeding border is what concerns Americans, not the borders of Estonia, South Korea, Kuwait or the South China Sea.</strong></p> <p>When Trump calls NATO &ldquo;obsolete,&rdquo; he is saying that the great threat to the West is not Putin&rsquo;s recapture of a Crimea that belonged to Russia for 150 years. And if the price of peace is getting out of Russia&rsquo;s face and Russia&rsquo;s space, maybe we should pay it.</p> <p>George Kennan himself, the architect of Cold War containment of Stalin&rsquo;s Russia, admonished us not to move NATO to Russia&rsquo;s border.</p> <p>Of Brexit, the British decision to leave the EU, Trump said this week, &ldquo;People, countries want their own identity and the U.K. wanted its own identity &hellip; so if you ask me, I believe others will leave.&rdquo;</p> <p><em><strong>Is he not right? Is it so shocking to hear a transparent truth?</strong></em></p> <p><em><strong>How could Europe&rsquo;s elites not see the populist forces rising?</strong></em> The European peoples wished to regain their lost sovereignty and national identity, and they were willing to pay a price to achieve it.</p> <p>Apparently, the Davos crowd cannot comprehend people who believe there are more important things than wealth.</p> <p>Yet while President Trump should avoid rash actions, if he is to become a transformational president, he will spurn an establishment desperately seeking to hold onto the world that is passing away.</p> <p>Article V of the NATO treaty may require us to treat a Russian move in the Baltic as an attack on the United States. But no sane president will start a war with a nuclear-armed Russia over Estonia.</p> <p>No Cold War president would have dreamed of so rash an action.</p> <p><strong>Rather than risk such a war, Ike refused to send a rifle or bullet to the heroic Hungarian rebels in 1956. Painful, but Ike put America first, just as Trump pledged to do.</strong></p> <p>And given the strength of ethnonationalism in Europe, neither the eurozone nor the EU is likely to survive the decade. We should prepare for that day, not pretend that what is taking place across Europe, and indeed worldwide, is some passing fever of nationalism.</p> <p>Notwithstanding Secretary of State-designate Rex Tillerson&rsquo;s diktat, the United States is not going to force China to vacate the fortified reefs in a South China Sea she claims as her national territory.</p> <p><strong>Stick to that demand, and we best prepare for war.</strong></p> <p>As for the Taiwan card, it was played in 1972 by Richard Nixon as the price of his opening to China. Four decades ago, Jimmy Carter cut diplomatic ties to Taiwan and terminated our security pact.</p> <p>For Xi Jinping to accept that Taiwan might be negotiable would mean an end of him and the overthrow of his Communist Party of China.</p> <p>The Chinese will fight to prevent a permanent loss of Taiwan.</p> <p>The imperative of the new era is that the great nuclear powers &mdash; China, Russia, the United States &mdash; not do to each other what Britain, France and Germany did to each other a century ago over a dead archduke.</p> <p><u><em><strong>President Trump should build the wall, secure the border, impose tariffs, cut taxes, free up the American economy, bring the factories home, create millions of jobs and keep us out of any new wars.</strong></em></u></p> <p><strong>With rare exceptions, wars tend to be fatal to presidencies.</strong></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="537" height="350" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170120_two.jpg?1484934385" /> </div> </div> </div> http://www.zerohedge.com/news/2017-01-20/new-president-new-world#comments Business China Climate change skepticism and denial Communist Party of China Council on Foreign Relations Davos Donald Trump Estonia European Union Eurozone France Germany International reactions to the United States presidential election Iran KIM Kuwait Middle East Middle East national security National Security Council Nationalism Poland Politics Rex Tillerson Richard N. Haass Russian army South China the Maghreb Fri, 20 Jan 2017 18:57:19 +0000 Tyler Durden 586004 at http://www.zerohedge.com