http://www.zerohedge.com/fullrss2.xml/article/_http en Hillary Clinton Calls For 'Resistance': "We Need To Stay Engaged... I'll Be With You Every Step Of The Way" http://www.zerohedge.com/news/2017-02-25/hillary-clinton-calls-resistance-we-need-stay-engaged-ill-be-you-every-step-way <p><a href="http://www.shtfplan.com/headline-news/hillary-clinton-calls-for-resistance-in-new-video-we-need-to-stay-engaged-ill-be-with-you-every-step-of-the-way_02252017"><em>Submitted by Mac Slavo via SHTFPlan.com,</em></a></p> <p>Last month we noted that <a href="http://www.shtfplan.com/headline-news/hillary-is-back-intends-to-start-tv-show-and-position-for-another-run-shes-convinced-shed-get-fabulous-ratings_01272017" target="_blank">Hillary Clinton is looking to start her own &ldquo;fabulous&rdquo; TV show</a> in an effort to remain relevant following a <a href="http://www.shtfplan.com/headline-news/we-finally-know-why-hillary-disappeared-on-election-night-she-was-crying-inconsolably-it-was-hard-to-understand-what-she-was-saying-she-was-crying-so-hard_11102016" target="_blank">disastrous Presidential election loss</a> in 2016. The show, according to an insider, would be &ldquo;completely controlled&rdquo; and will likely focus on undermining the efforts of President Donald Trump, while whipping her supporters into a frenzy.</p> <p>Now, in a three minute video address to fellow Democrats, the former Secretary of State says she is going to keep the fight going with the help of former President Barrack Obama and his wife Michelle, who incidentally, recently started their own organization&nbsp;aimed at marginalizing the new Trump administration.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>The challenges we face as a party and a country are real. So, now more than ever, we need to stay engaged in the field and online, reaching out to new voters, young people and everyone who wants a better, stronger and fairer America.</p> <p>&nbsp;</p> <p>We as Democrats must move forward with courage, confidence and activism, and stay focused on the elections we must win this year and next.</p> <p>&nbsp;</p> <p><strong>Let resistance plus persistence equal progress for our party and our country.</strong></p> <p>&nbsp;</p> <p><strong>&hellip;Keep fighting and keep the faith&hellip; and I&rsquo;ll be right there with you every step of the way</strong>.</p> </blockquote> <p style="text-align: left;"><iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/KNsTuvoNnaI" width="560"></iframe></p> <p style="text-align: left;">As we reported earlier this week, tens of millions of dollars are actively <a href="https://www.shtfplan.com/headline-news/the-end-goal-is-to-destroy-the-constitution-and-subvert-the-country-how-secretive-non-profit-organizations-erode-the-united-states_02222017" target="_blank">being funneled into so called non-profit organizations</a> who are involved in a variety of activities that include <a href="http://www.naturalnews.com/2017-02-23-breaking-mike-adams-and-alex-jones-taken-down-by-google-cia-prior-to-big-event-trump-needs-to-beware.html" target="_blank">direct attacks on the alternative media</a>&nbsp;which tanked Hillary&rsquo;s Presidential run, infiltration of the Trump White House, and instigation of purported &ldquo;grass roots&rdquo; movements through the use of paid agitators like the <a href="http://www.thedailysheeple.com/men-in-black-provocateurs-caught-on-tape-turning-berkeley-protests-into-riots-as-allegations-swirl-police-were-told-to-stand-down_022017" target="_blank">anonymous provocateurs we recently saw&nbsp;at protests</a> in Berkeley, California.</p> <p style="text-align: left;"><em><strong>Make no mistake, Hillary Clinton is running for President in 2020 and the video you just watched is the opening salvo in a conflict that is designed to divide and conquer the American people.</strong></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="533" height="293" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170225_hillary.jpg?1488052163" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-25/hillary-clinton-calls-resistance-we-need-stay-engaged-ill-be-you-every-step-way#comments American people of German descent Business Climate change skepticism and denial Donald Trump Donald Trump Politics Politics of the United States The Apprentice Trump Administration United States White House White House WWE Hall of Fame Sun, 26 Feb 2017 03:30:00 +0000 Tyler Durden 588966 at http://www.zerohedge.com America's Fentanyl Crisis "Is Surging, With No End In Sight" http://www.zerohedge.com/news/2017-02-25/americas-fentanyl-crisis-surging-no-end-sight <p>Having <a href="http://www.zerohedge.com/news/2016-12-09/guns-dont-kill-people-heroin-does"><strong>surpassed gun homicides for the first time in 2015</strong></a>, the epidemic of heroin and opioid related deaths in the US continues to grow. Amid the dismal failure of the &#39;war on drugs&#39;, it seems US lawmakers are finally waking up to reality, and are <strong>pressing the nation&rsquo;s drug czar for more data on the dangerous synthetic opioid fentanyl</strong>, including how it is trafficked and how many people it has killed, in the latest effort to thwart a spiraling drug crisis.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170224_fentanyl1.jpg"><img height="304" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170224_fentanyl1_0.jpg" width="560" /></a></p> <p><a href="https://www.rt.com/usa/369714-heroin-opioid-deaths-2015/">A recent Centers for Disease Control and Prevention report shows</a> that nearly 5,000 more people died from opioids in 2015 than in 2014. <strong>Both heroin and opioid use have exploded in the US, after decades of doctors over-prescribing painkillers in the 1990s and 2000s</strong>. A report from the CDC released Thursday found that the drug problem has become so deadly that heroin deaths outnumbered gun fatalities last year for the first time in US history. <strong>Until 2007, gun deaths outnumbered heroin deaths five to one,&nbsp;<a href="https://www.washingtonpost.com/news/wonk/wp/2016/12/08/heroin-deaths-surpass-gun-homicides-for-the-first-time-cdc-data-show/?utm_term=.642e0d1bf956">according</a>&nbsp;to the Washington Post. But 2015 saw 12,989 people die from heroin and 12,979 die from gun homicides.</strong></p> <p><iframe frameborder="0" height="315" src="https://www.youtube.com/embed/jo7DQAxeqDY" width="560"></iframe></p> <p>And now, as <a href="https://www.wsj.com/articles/u-s-house-committee-presses-drug-czar-on-fentanyl-1487880638?mod=e2twg">The Wall Street Journal reports,</a><strong> America&#39;s politicians are finally spotting a problem with this trend. </strong>Last week, a bipartisan group of U.S. senators filed a measure, the Synthetics Trafficking and Overdose Prevention Act, that seeks to curb shipments of synthetic drugs such as fentanyl by tightening U.S. postal system requirements for packages coming from other countries.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>&ldquo;The national opioid crisis is being compounded by the re-emergence of illicit fentanyl and its analogues, which are synthetic opioids far more potent than morphine or heroin,&rdquo; </strong>said Mario Moreno Zepeda, a spokesman for the Office of National Drug Control Policy. &ldquo;Given the urgency of the opioid overdose epidemic, we will reply to the Committee&rsquo;s inquiries promptly.&rdquo;</p> <p>&nbsp;</p> <p>The four-page letter from the U.S. House Energy and Commerce Committee, signed by bipartisan committee leaders and reviewed by The Wall Street Journal, calls the fentanyl crisis a top oversight priority. Addressed to Kemp Chester, acting director of the White House Office of National Drug Control Policy and sent Thursday, the letter includes 15 questions such as how much fentanyl comes into the U.S. through the mail and how many counterfeit fentanyl pills authorities have seized.</p> <p>&nbsp;</p> <p><strong>&ldquo;On top of opioid overprescribing and heroin overdoses, we believe the United States is now facing another deadly wave: fentanyl,&rdquo;</strong> said Tim Murphy, (R, Penn.) and Diana DeGette (D., Colo), chairman and ranking member of the subcommittee on oversight and investigations, in a statement. &ldquo;We are urgently seeking answers to determine whether the federal government recognizes the unique threat of fentanyl.&rdquo;</p> </blockquote> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170224_fentanyl2.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170224_fentanyl2_0.jpg" style="width: 560px; height: 558px;" /></a></p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>Fentanyl has emerged as the chief drug threat in many parts of the country. </strong>Authorities believe it is pouring into the U.S. from China, sometimes with a stop in Mexico. The drug appeals to traffickers because it is made only with chemicals, and not the poppy plants needed for heroin, making it cheap and easy to produce.</p> <p>&nbsp;</p> <p><strong>The synthetic narcotic is also extremely potent, potentially 50 times the strength of heroin,</strong> ratcheting up the risks for users. Some take it unexpectedly because dealers may mix it into the heroin supply, or press it into fake versions of prescription pain pills that are supposed to contain a much less powerful narcotic.</p> <p>&nbsp;</p> <p><strong>Fentanyl played a major role in driving opioid deaths in the U.S. up nearly 16% to 33,091 in 2015, </strong>according to the most recent federal data, and hard-hit states have reported even more grim statistics for 2016.</p> </blockquote> <p>An Energy and Commerce aide said the <u><strong>fentanyl crisis &ldquo;is surging, with no end in sight,&rdquo; </strong></u>and that it is more than a footnote to the nation&rsquo;s heroin problem.</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="843" height="457" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170224_fentanyl1.jpg?1488048253" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-25/americas-fentanyl-crisis-surging-no-end-sight#comments Anilides Centers for Disease Control and Prevention Chemistry China Commerce Committee Euphoriants federal government Fentanyl General anesthetics Heroin Methadone Mexico Narcotic Nervous system Opioids Organic chemistry Piperidines Reality U.S. House Energy and Commerce Committee Wall Street Journal White House White House Office Sun, 26 Feb 2017 03:00:00 +0000 Tyler Durden 588959 at http://www.zerohedge.com Vehicle Plows Into New Orleans Mardi Gras Parade, Injuring 28; Driver In Custody http://www.zerohedge.com/news/2017-02-25/vehicle-plows-new-orleans-mardi-gras-parade-injuring-21-driver-custody <p>At least 28 <a href="http://www.bbc.com/news/world-us-canada-39094069?ns_mchannel=social&amp;ns_campaign=bbc_breaking&amp;ns_source=twitter&amp;ns_linkname=news_central">people were injured</a> on Saturday evening after a pickup plowed into a crowd during a Mardi Gras parade in New Orleans, police said <a href="http://www.wdsu.com/article/nopd-dozen-in-critical-condition-after-vehicle-crashes-into-crowd-in-mid-city/8981048">according to WDSU</a>.&nbsp; New Orleans Police Department spokeswoman Ambria Washington <a href="http://hosted.ap.org/dynamic/stories/U/US_MARDI_GRAS_CAR_HITS_CROWD?SITE=AP&amp;SECTION=HOME&amp;TEMPLATE=DEFAULT&amp;CTIME=2017-02-25-21-12-09">said that </a>"initial reports show so far that about a dozen people are in critical condition." She added that the number could increase as the investigation continues. </p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/mardigras?src=hash">#mardigras</a> Video Of Aftermath 21 people injured (several in critical condition) after car crashed into people during Endymion parade. <a href="https://t.co/pTppanyYFv">pic.twitter.com/pTppanyYFv</a></p> <p>— Brandi Saari (@brandilmelb) <a href="https://twitter.com/brandilmelb/status/835681447109259266">February 26, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/mardigras?src=hash">#mardigras</a> MAN ARRESTED! for after car ploughs into crowd at Mardi Gras In New Orleans.Has Not been confirm yet Put Man might Been Drunk. <a href="https://t.co/5xVZEI6tps">pic.twitter.com/5xVZEI6tps</a></p> <p>— Brandi Saari (@brandilmelb) <a href="https://twitter.com/brandilmelb/status/835683062524461058">February 26, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/mardigras?src=hash">#mardigras</a> Update News On car ploughs into crowd at Mardi Gras In New Orleans 21People Have been injured <a href="https://t.co/SRgqM9NiFH">pic.twitter.com/SRgqM9NiFH</a></p> <p>— Brandi Saari (@brandilmelb) <a href="https://twitter.com/brandilmelb/status/835674527916941313">February 26, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/mardigras?src=hash">#mardigras</a> Update News On car ploughs into crowd at Mardi Gras In New Orleans <a href="https://t.co/vLmxBqNiOL">pic.twitter.com/vLmxBqNiOL</a></p> <p>— Brandi Saari (@brandilmelb) <a href="https://twitter.com/brandilmelb/status/835679339358240773">February 26, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/mardigras?src=hash">#mardigras</a> Police say 21 injured after vehicle drives into crowd during New Orleans Mardi Gras celebrations <a href="https://t.co/WkQwqLELij">pic.twitter.com/WkQwqLELij</a></p> <p>— Brandi Saari (@brandilmelb) <a href="https://twitter.com/brandilmelb/status/835676327407562752">February 26, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>New Orleans police said the crash happened around 7 p.m. at Orleans and Carrollton avenues, where the Krewe of Endymion parade rolled through. <a href="http://www.cnn.com/2017/02/25/us/new-orleans-mardi-gras-parade-accident/index.html">According to CNN </a>the driver is in police custody. </p> <p>Police Chief Michael Harrison said it appeared the suspect, who was driving a pickup truck that hit two cars before running into the crowd, was likely highly intoxicated. None of the injuries was life-threatening and there were no known fatalities, a source with direct knowledge of the incident told CNN.</p> <p>The CNN source said, "It appears to be a drunk driver," and added there were no preliminary indications that it was a terrorism-related incident.</p> <p>One woman at the scene <a href="http://bit.ly/2miOHGP">told The New Orleans Advocate </a>that a silver truck whisked by her just feet away as she was walking through the intersection. Carrie Kinsella said, "I felt a rush it was so fast." </p> <p>Twenty-year-old Kourtney McKinnis told the Advocate that the driver of the truck seemed almost unaware of what he had just done. "He was just kind of out of it," she said.</p> <p>The incident occurred near the intersection of Orleans and Carrollton Avenues where the Krewe of Endymion parade was underway. </p> <p>Video from CNN affiliate WDSU showed a gray pickup truck that had run into a dump truck near the intersection.</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Photo of scene at <a href="https://twitter.com/hashtag/neworleans?src=hash">#neworleans</a> <a href="https://twitter.com/hashtag/MardiGras?src=hash">#MardiGras</a> <a href="https://twitter.com/hashtag/breaking?src=hash">#breaking</a>. Via <a href="https://t.co/7mZX0FK9FI">https://t.co/7mZX0FK9FI</a> <a href="https://t.co/xoyNOTOf5N">pic.twitter.com/xoyNOTOf5N</a></p> <p>— Breaking Norfolk (@breakingnorfolk) <a href="https://twitter.com/breakingnorfolk/status/835679057836666880">February 26, 2017</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>Witnesses told the station that the pickup came down one of the streets and struck several cars before hitting people in the crowd watching the parade.</p> <p>"I saw the gray truck flying down Carrollton Avenue," a female witness told WDSU. "He sped up and he lost control and you could see was getting ready to turn and I knew he was going to run into all those people."</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="773" height="376" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/NO%20car%20crash.jpg?1488076866" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-25/vehicle-plows-new-orleans-mardi-gras-parade-injuring-21-driver-custody#comments #mardigras Police #NewOrleans police Endymion Gulf Coast of the United States Krewe Krewe of Barkus Krewe of Endymion Le Krewe d'Etat Louisiana Mardi Gras in New Orleans Mardi Gras in the United States New Orleans New Orleans New Orleans Mardi Gras New Orleans police New Orleans Police Department None Twitter Twitter Sun, 26 Feb 2017 02:41:20 +0000 Tyler Durden 588977 at http://www.zerohedge.com What First Amendment? Arizona Wants Power To Seize The Assets Of Protesters http://www.zerohedge.com/news/2017-02-25/what-first-amendment-arizona-wants-power-seize-assets-protesters <p><a href="http://theantimedia.org/arizona-seize-assets-protesters/"><em>Submitted by James Holbrooks via TheAntiMedia.org,</em></a></p> <p><em><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170225_1st.jpg"><img height="329" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170225_1st.jpg" width="574" /></a></em></p> <p><strong>If Republicans in Arizona&rsquo;s senate have their way, </strong>police in that state could soon have the power to seize assets and property from protesters, the <em>Arizona Capitol Times&nbsp;</em>reports.</p> <p>From a February 22 <a href="http://azcapitoltimes.com/news/2017/02/22/arizona-senate-crackdown-on-protests/" target="_blank">article</a>:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><em>&ldquo;Claiming people are being paid to riot, Republican state senators voted Wednesday to give police new power to arrest anyone who is involved in a peaceful demonstration that may turn bad &mdash; even before anything actually happened.</em></p> <p>&nbsp;</p> <p><em>&ldquo;SB1142 expands the state&rsquo;s racketeering laws, now aimed at organized crime, to also include rioting. And it redefines what constitutes rioting to include actions that result in damage to the property of others.</em></p> <p>&nbsp;</p> <p><em>&ldquo;But the real heart of the legislation is what Democrats say is the guilt by association &mdash; and giving the government the right to criminally prosecute and seize the assets of everyone who planned a protest and everyone who participated.&rdquo;</em></p> </blockquote> <p><strong>Essentially, under this bill cops could arrest anyone at a demonstration that suddenly turns violent, however peaceful it might&rsquo;ve started. </strong>They would even be able to target people who had nothing to do the property damage.</p> <p>Stephen Lemons, writing for the <em>Phoenix New Times</em>, <a href="http://www.phoenixnewtimes.com/news/update-arizona-senate-passes-bill-to-stifle-protests-based-on-berkeley-riot-over-dangerous-faggot-tour-9080885" target="_blank">covered</a> a hearing on S.B. 1142 by Arizona&rsquo;s Senate Judiciary Committee last week.</p> <p>Highlighting that certain senate Democrats <em>&ldquo;noted the obvious: that public protests often involve different groups with varying tactics,&rdquo;</em> he pointed out that, hypothetically, <strong>peaceful protesters could be held responsible <em>&ldquo;for the violent actions of a different faction or of individuals who act out while others remain calm.&rdquo;</em></strong></p> <p>But it gets even worse than that, as the <em>Arizona Capitol Times</em> <a href="http://azcapitoltimes.com/news/2017/02/22/arizona-senate-crackdown-on-protests/" target="_blank">pointed out</a> Wednesday: <strong><em>&ldquo;By including rioting in racketeering laws, it actually permits police to arrest those who are planning events.&rdquo;</em></strong></p> <p><em>Planning</em> events. Meaning cops will have the authority to investigate activists before the demonstrations even take place.</p> <p>This is what Republican state senator Sonny Borrelli, the author of S.B. 1142, <a href="http://www.phoenixnewtimes.com/news/update-arizona-senate-passes-bill-to-stifle-protests-based-on-berkeley-riot-over-dangerous-faggot-tour-9080885" target="_blank">called</a><strong> targeting <em>&ldquo;the money source&rdquo;</em> in his defense of the bill </strong>before the committee meeting last week.</p> <p>Citing the conservative notion that a legion of privately funded progressive protesters is clogging up governmental works all over the country, Borrelli said<strong> the law would go after those <em>&ldquo;paid to go out and create this damage.&rdquo;</em></strong></p> <p>And if it takes cops infiltrating political groups on the taxpayers&rsquo; dime &mdash; on the razor-thin pretext of maybe preventing a <em>potentially</em> violent demonstration down the road &mdash; so be it, at least according to Republican attitudes in Arizona.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><em>&ldquo;I should certainly hope that our law enforcement people have some undercover people there,&rdquo;</em> state senator John Kavanagh <a href="http://azcapitoltimes.com/news/2017/02/22/arizona-senate-crackdown-on-protests/" target="_blank">said</a>, referring to police authority under S.B. 1142 to investigate political demonstrations while in the planning stages.</p> <p>&nbsp;</p> <p><em>&ldquo;Wouldn&rsquo;t you rather stop a riot before it starts?&rdquo;</em> he also said.</p> </blockquote> <p>Again, <em>potential</em> riot.</p> <p><strong>The bigger issue at play, as <a href="http://azcapitoltimes.com/news/2017/02/22/arizona-senate-crackdown-on-protests/" target="_blank">noted</a> by the <em>Arizona Capitol Times</em>, is the chilling effect such legislation would have on free speech. </strong>After all, if a person could get arrested for simply participating in a political demonstration &mdash; regardless of their own peaceful motives and actions &mdash; that person might decline to get involved.</p> <p>S.B. 1142 would actively enforce the notion of guilt by association. If would punish the innocent who are wishing only to exercise their right of free expression, all because of the actions of criminals.</p> <p><strong>Such legislation would further complicate an environment of political unrest, made of both positive and negative forces,</strong> as State Senator Martin Quezada, Democrat out of Phoenix, <a href="http://azcapitoltimes.com/news/2017/02/22/arizona-senate-crackdown-on-protests/" target="_blank">highlighted</a> Wednesday:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><em>&ldquo;When people want to express themselves as a group during a time of turmoil, during a time of controversy, during a time of high emotions, that&rsquo;s exactly when people gather as a community. Sometimes they yell, sometimes they scream, sometimes they go too far.&rdquo;</em></p> </blockquote> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="574" height="329" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170225_1st.jpg?1488056631" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-25/what-first-amendment-arizona-wants-power-seize-assets-protesters#comments Activism Arizona’s senate Arizona’s Senate Judiciary Committee B+ Civil disobedience First Amendment Politics Politics Protest Racketeering Riot Sun, 26 Feb 2017 02:30:00 +0000 Tyler Durden 588969 at http://www.zerohedge.com Gold, 10-Year Bond, Dollar Into FOMC (Video) http://www.zerohedge.com/news/2017-02-25/gold-10-year-bond-dollar-fomc-video <p>By <a href="http://www.econmatters.com/search/label/EconMatters"><span style="text-decoration: underline;"><span style="color: #0066cc;">EconMatters</span></span></a> </p> <p><em><br /></em> </p> <div class="separator" style="clear: both; text-align: center;"><a title="Open in new window" class="external" href="https://3.bp.blogspot.com/-KbLtiPTQCco/WLI202lPdFI/AAAAAAAAOI8/jmoY5fS40VQQN3GlqiTBRIq6JKhCJ6iegCLcB/s1600/gold-026.jpg" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img src="https://3.bp.blogspot.com/-KbLtiPTQCco/WLI202lPdFI/AAAAAAAAOI8/jmoY5fS40VQQN3GlqiTBRIq6JKhCJ6iegCLcB/s400/gold-026.jpg" width="400" height="266" border="0" /></a></div> <p> We discuss the Gold Market, the 10-Year Bond Market, and the US Dollar Index in this market video going into the FOMC Meeting in three weeks. Is March a Live FOMC Meeting?</p> <div class="separator" style="clear: both; text-align: center;"><iframe src="https://www.youtube.com/embed/-WYQp9yflmg?feature=player_embedded" width="320" height="266" frameborder="0"></iframe></div> <p> © <a href="http://www.econmatters.com/" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">EconMatters</span></span></a> All Rights Reserved | <a title="Open in new window" class="external" href="http://www.facebook.com/EconMatters" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">Facebook</span></span></a> | <a title="Open in new window" class="external" href="http://twitter.com/#!/EconMatters" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">Twitter</span></span></a> | <a title="Open in new window" class="external" href="http://www.youtube.com/c/Econmatters" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">YouTube</span></span></a> | <a title="Open in new window" class="external" href="http://feedburner.google.com/fb/a/mailverify?uri=EconForecast" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">Email Digest</span></span></a> | <a title="Open in new window" class="external" href="http://astore.amazon.com/econforecast-20?_encoding=UTF8&amp;node=80" target="_blank"><span style="text-decoration: underline;"><span style="color: #0066cc;">Kindle</span></span></a><strong>&nbsp;</strong><em>&nbsp;</em><span style="text-decoration: underline;">&nbsp;</span></p> http://www.zerohedge.com/news/2017-02-25/gold-10-year-bond-dollar-fomc-video#comments Bond Bond Business Committees Computing Facebook Federal Open Market Committee Federal Reserve System Social media Social networking services Software Technology Twitter Twitter Twitter Universal Windows Platform apps US Dollar US Dollar Index YouTube Sun, 26 Feb 2017 02:17:53 +0000 EconMatters 588976 at http://www.zerohedge.com Trumpocalypse: Liberal Ivory Tower of Academia collapsing http://www.zerohedge.com/news/2017-02-25/trumpocalypse-liberal-ivory-tower-academia-collapsing <p style="margin: 0in 0in 0.0001pt;"><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif;">Universities in America have typically been dominated by a liberal<br /> bias. &nbsp;Why is that? &nbsp;Because, working for a University is sort of<br /> like working for the Government. &nbsp;There is reason for the expression,<br /> those who can't do - teach. &nbsp;<a href="http://www.splittingpennies.com" target="_blank"><span style="padding: 0in; border: 1pt none windowtext;">Grow a 2nd brain - understand why by reading THIS BOOK.&nbsp;</span></a></span></p> <p style="margin: 12pt 0in;"><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif;">The mindset of employees at such insitutions is quite different<br /> than one might think. &nbsp;We're not going to name any names in this essay; this<br /> isn't about a person or individual University. &nbsp;It's about the<br /> intellectual class, really the only public intellectual class in America with<br /> any respect; the Ivory Tower. &nbsp;If you haven't heard this expression<br /> before, it refers to the high brow raised lip attitude class of University<br /> Professors and their associates. &nbsp;They have influence on every aspect of<br /> society. &nbsp;They are like Adam Smith's hidden hand - the subtle advisors who<br /> are secretly directing politics, big business, technology, and culture.<br /> &nbsp;Fortunately however, they don't have any power, and don't really control<br /> society, like the Illuminati do. &nbsp;Their influence however should be noted;<br /> they've influenced Presidents of the United States, Bankers, the Media (most<br /> notably) and literally every aspect of human life in America. &nbsp;I mean, who<br /> doesn't trust and respect a University Professor? &nbsp;They know what they're<br /> doing - right?</span></p> <p style="margin: 0in 0in 0.0001pt;"><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif;"><a href="https://www.google.com/search?q=ivory+tower&amp;rlz=1C1ASUM_enUS615US615&amp;oq=ivory+tower&amp;aqs=chrome..69i57j69i60l4j69i61.1624j0j4&amp;sourceid=chrome&amp;ie=UTF-8&amp;safe=high#safe=strict&amp;q=ivory+tower+definition&amp;*"><span style="padding: 0in; border: 1pt none windowtext;">From Google:</span></a></span></p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p style="width: inherit !important;"><em><strong><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif; padding: 0in; border: 1pt none windowtext;">a state of privileged seclusion or separation from the facts and<br /> practicalities of the real world.</span></strong></em><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif;"></span></p> <p style="width: inherit !important;"><em><strong><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif; padding: 0in; border: 1pt none windowtext;">"the ivory tower of academia"</span></strong></em><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif;"></span></p> </blockquote> <p style="margin: 12pt 0in;"><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif;">Now to be fair, not all University Professors are alike, we shant<br /> 'profile' them, as they profile individuals who have ideas they don't like.<br /> &nbsp;There's do-ers out there, especially around Silicon Valley where many<br /> have left their Ivory Tower positions to join startups or start them<br /> themselves. &nbsp;But the Ivory Tower class remains; and it remained until the<br /> Trump victory in November - a major influence on society and hallmark of<br /> American culture. &nbsp;But all that's been shattered. &nbsp;Their hidden<br /> influence on the media, should be noted by readers of Zero Hedge and other<br /> sites, people 'in the know'. &nbsp;Because they shape public opinion, possibly<br /> more than the CIA with all of it's domestic mind-control operations.<br /> &nbsp;Venues like "NPR" and even "The Simpsons" are<br /> carefully crafted with leftist messages, agendas for open expansion of foreign<br /> affairs, expansion of government, anti-male value systems, and other<br /> 'progressive' ideas are implanted like seeds, waiting to grow like weeds when<br /> the next rain comes. &nbsp;</span></p> <p style="margin: 0in 0in 0.0001pt;"><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif;">Here's one example, how Academia helped the Media with their war<br /> against Trump. &nbsp;Have you been hearing recently "Studies show<br /> that.." .. "<a href="https://www.washingtonpost.com/news/wonk/wp/2016/12/01/poll-shows-obamacare-started-looking-a-lot-better-after-the-election/"><span style="padding: 0in; border: 1pt none windowtext;">Obamacare is more popular after the election</span></a>"<br /> &nbsp;or some such nonsense. &nbsp;Who are they polling? &nbsp;They claim their<br /> polls aren't biased, they are scientific. &nbsp;<strong><span style="padding: 0in; border: 1pt none windowtext;">But these are the polls and methods that had<br /> Trump losing by a landslide!</span></strong></span></p> <p style="margin: 0in 0in 0.0001pt;"><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif;">What does this all mean? &nbsp;We're experiencing<span>&nbsp;</span><strong><span style="padding: 0in; border: 1pt none windowtext;">a<br /> major paradigm shift</span></strong>, (this is an Ivory Tower word, from<span>&nbsp;</span><a href="http://wp.me/P6ZQKC-3d"><span style="padding: 0in; border: 1pt none windowtext;">Thomas Kuhn's "The<br /> Structure of Scientific Revolutions - a must read for investors).</span></a></span></p> <p style="margin: 0in 0in 0.0001pt;"><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif;">As a bright example<span>&nbsp;</span><a href="https://www.projectimplicit.net/nosek/"><span style="padding: 0in; border: 1pt none windowtext;">take<br /> a look at what Brian Nosek is doing</span></a><span>&nbsp;</span>to<span>&nbsp;</span><a href="http://nautil.us/issue/24/error/the-trouble-with-scientists"><span style="padding: 0in; border: 1pt none windowtext;">crack the glass bubble surrounding the Ivory Tower:</span></a></span></p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p style="width: inherit !important;"><em><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif; padding: 0in; border: 1pt none windowtext;">Sometimes it seems surprising that science functions at all. In<br /> 2005, medical science was shaken by a paper with the provocative title “</span></em><strong><em><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif; padding: 0in; border: 1pt none windowtext;">Why most published research findings are false.</span></em></strong><em><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif; padding: 0in; border: 1pt none windowtext;">” Written by John Ioannidis, a professor of medicine at Stanford<br /> University, it didn’t actually show that any particular result was wrong.<br /> Instead, it showed that the</span></em><span><em><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif; padding: 0in; border: 1pt none windowtext;">&nbsp;</span></em></span><strong><em><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif; padding: 0in; border: 1pt none windowtext;">statistics of reported positive<br /> findings was not consistent with how often one should expect to find them.</span></em></strong><span><strong><em><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif; padding: 0in; border: 1pt none windowtext;">&nbsp;</span></em></strong></span><em><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif; padding: 0in; border: 1pt none windowtext;">As Ioannidis concluded more recently, “</span></em><strong><em><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif; padding: 0in; border: 1pt none windowtext;">many published research findings are false or exaggerated, and an<br /> estimated 85 percent of research resources are wasted.”</span></em></strong><span><strong><em><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif; padding: 0in; border: 1pt none windowtext;">&nbsp;</span></em></strong></span><em><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif; padding: 0in; border: 1pt none windowtext;">&nbsp;<span style="font-size: 13.008px;">It’s likely that<br /> some researchers are consciously cherry-picking data to get their work<br /> published. And some of the problems surely lie with journal publication<br /> policies. But the problems of false findings often begin with researchers<br /> unwittingly fooling themselves: they fall prey to cognitive biases, common<br /> modes of thinking that lure us toward wrong but convenient or attractive<br /> conclusions. “Seeing the reproducibility rates in psychology and other<br /> empirical science, we can safely say that something is not working out the way<br /> it should,” says Susann Fiedler, a behavioral economist at the Max Planck<br /> Institute for Research on Collective Goods in Bonn, Germany. “Cognitive biases<br /> might be one reason for that.” &nbsp;</span><span style="font-size: 13.008px;">Psychologist<br /> Brian Nosek of the University of Virginia says that the most common and<br /> problematic bias in science is “motivated reasoning”: We interpret observations<br /> to fit a particular idea. Psychologists have shown that “most of our reasoning<br /> is in fact rationalization,” he says. In other words, we have already made the<br /> decision about what to do or to think, and our “explanation” of our reasoning<br /> is really a justification for doing what we wanted to do—or to believe—anyway.<br /> Science is of course meant to be more objective and skeptical than everyday<br /> thought—but how much is it, really? &nbsp;</span><span style="font-size: 13.008px;">I<br /> was aware of biases in humans at large, but when I first “learned” that they<br /> also apply to scientists, I was somewhat amazed, even though it is so obvious. &nbsp;</span><span style="font-size: 13.008px;">Whereas the falsification model of the<br /> scientific method championed by philosopher Karl Popper posits that the<br /> scientist looks for ways to test and falsify her theories—to ask “How am I<br /> wrong?”—Nosek says that scientists usually ask instead “How am I right?” (or<br /> equally, to ask “How are you wrong?”). When facts come up that suggest we<br /> might, in fact, not be right after all, we are inclined to dismiss them as<br /> irrelevant, if not indeed mistaken. The now infamous “cold fusion” episode in<br /> the late 1980s, instigated by the electrochemists Martin Fleischmann and<br /> Stanley Pons, was full of such ad hoc brush-offs. For example, when it was<br /> pointed out to Fleischmann and Pons that their energy spectrum of the gamma<br /> rays from their claimed fusion reaction had its spike at the wrong energy, they<br /> simply moved it, muttering something ambiguous about calibration.</span></span></em><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif;"></span></p> </blockquote> <p style="margin: 0in 0in 0.0001pt;"><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif;">The implications for politics and the broader economy are huge.<br /> &nbsp;Studies, focus groups, corporate funded research retreats, are one of the<br /> Establishment's, and the Ivory Tower's biggest tools. &nbsp;The election was a<br /> crack in the dam - it's a proof that you can't manipulate public opinion to fit<br /> your own. &nbsp;But it's far from the only crack, just the most obvious one. &nbsp;What's<br /> happening is a major system-wide Ivory Tower Psychosis, the most basic form of<br /> mental illness - but it's happening at a class level, as a group.<br /> &nbsp;Emotionally injured leftists are fleeing to Canada, or promoting<br /> secession for California (which is really a good idea by itself, who needs a<br /> Federal government). &nbsp;Reality is crashing down on them, as it doesn't fit<br /> with 'their reality' - but 'their reality' was artificially created for<br /> decades, depending on how you calculate.. For decades, Establishment leaders like<br /> George Bush created their own reality with their power, and even called it the<span>&nbsp;</span><a href="https://en.wikipedia.org/wiki/Reality-based_community"><span style="padding: 0in; border: 1pt none windowtext;">"Reality Based Community" that is, people who live in<br /> the bubble of the Ivory Tower:</span></a></span></p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p style="width: inherit !important;"><em><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif; padding: 0in; border: 1pt none windowtext;">The aide said that guys like me were "in what we call the<br /> reality-based community," which he defined as people who "believe<br /> that solutions emerge from your judicious study of discernible reality."<br /> ... "That's not the way the world really works anymore," he<br /> continued. "We're an empire now, and when we act, we create our own<br /> reality. And while you're studying that reality—judiciously, as you will—we'll<br /> act again, creating other new realities, which you can study too, and that's<br /> how things will sort out. We're history's actors…and you, all of you, will be<br /> left to just study what we do."</span></em><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif;"></span></p> </blockquote> <p style="margin: 0in 0in 0.0001pt;"><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif;"><a href="https://www.rt.com/viral/378300-msnbc-media-controls-thoughts/"><span style="padding: 0in; border: 1pt none windowtext;">It's like the Media's recent admission that it's the media's job<br /> to control what people think. &nbsp;</span></a>Well, not exactly.</span></p> <p style="margin: 12pt 0in;"><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif;">The Ivory Tower Bubble has popped; and we're seeing the casualties<br /> on a daily basis. &nbsp;It's certainly not the last establishment-class that<br /> we're going to see crack from the pressure of reality.</span></p> <p style="margin: 0in 0in 0.0001pt;"><strong><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif; padding: 0in; border: 1pt none windowtext;"><a href="http://www.splittingpennies.com">To<br /> learn how the Elite manipulate the news which in turn manipulates markets,<br /> checkout Splitting Pennies - Understanding Forex for only $6.11 on Amazon, also<br /> now available on your iPhone via Smashwords.</a></span></strong><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif;"></span></p> <p>&nbsp;</p> <p style="margin: 0in 0in 0.0001pt;"><strong><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif; padding: 0in; border: 1pt none windowtext;"><a href="http://www.fctradingacademy.com/?ref=f16da9">Zero Hedge readers get 35% off Fortress Capital Trading Academy type<br /> coupon code spring17 when checking out, at www.fctradingacademy.com learn how<br /> the 'real' world works.</a></span></strong><span style="font-size: 10pt; font-family: &quot;Lucida Sans Unicode&quot;, sans-serif;"></span></p> http://www.zerohedge.com/news/2017-02-25/trumpocalypse-liberal-ivory-tower-academia-collapsing#comments Capital Trading Academy Central Intelligence Agency Cognition Cognitive bias Cold fusion Critical thinking Decision theory federal government Germany Google Intelligence analysis Karl Popper Max Planck Institute for Research Obamacare Physics Reality Reason Science Scientific method Stanford University University of Virginia Sun, 26 Feb 2017 02:14:35 +0000 globalintelhub 588975 at http://www.zerohedge.com Most Illegal Immigrants Live In America's Metropolitan Areas http://www.zerohedge.com/news/2017-02-25/most-illegal-immigrants-live-americas-metropolitan-areas <p>Having exposed <strong><a href="http://www.zerohedge.com/news/2017-02-05/deplorable-obama-sent-27-billion-taxpayer-money-fund-sanctuary-cities-2016">$27 Billion</a> reasons</strong> why a number of America&#39;s city officials are up in arms over President Trump&#39;s sanctuary city defunding decision, we thought it worth investigating just <strong>where the most illegal</strong><em> (or undocumented or unauthorized - pick your politically correct term)</em><strong> immigrants reside in America</strong>.</p> <p><strong>Across America, there are over 300 governmental jurisdictions claiming &quot;sanctuary status.&quot;</strong> Of those governments, there are 106 cities, while the rest are states, counties or other units of government.</p> <p>The new U.S. administration wants to overhaul America&rsquo;s migration system, cracking down on undocumented migrants. <a href="https://www.statista.com/chart/8207/us-metro-areas-with-the-most-unauthorized-migrants/">As Statista&#39;s Dyfed Loeche reports,</a> in total there are an estimated 11.1 million unauthorized migrants in the U.S. of which some 6.75 million took refuge in the big metropolitan areas, according to data collected by the&nbsp;<a href="http://www.pewresearch.org/fact-tank/2017/02/09/us-metro-areas-unauthorized-immigrants/">Pew Research Center</a>. Some of these metro areas have so-called sanctuary cities at their center.</p> <p><a href="https://www.statista.com/chart/8207/us-metro-areas-with-the-most-unauthorized-migrants/" title="Infographic: Most Migrants Live in Americas Metropolitan Areas | Statista"><img alt="Infographic: Most Migrants Live in Americas Metropolitan Areas | Statista" src="https://infographic.statista.com/normal/chartoftheday_8207_us_metro_areas_with_the_most_unauthorized_migrants_n.jpg" style="width: 601px; max-width: 960px; height: 428px;" /></a></p> <p><em>You will find more statistics at <a href="https://www.statista.com/">Statista</a></em></p> <p><span style="text-decoration: underline;"><strong>Under Trump&rsquo;s order, mayors defending their sanctuary city status are essentially imposing a defiance tax on local residents. On average, this tax amounts to $500 per man, woman and child.</strong></span> Major cities like Washington, D.C., New York and Chicago have the most to lose, and nearly $27 billion is at stake across the country.</p> <p><strong>The threat of losing nearly $27 billion in federal funding seems to be having an effect on some cities. In fact, Miami already reversed their sanctuary city policy.</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="700" height="381" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170224_immigrants.jpg?1488050206" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-25/most-illegal-immigrants-live-americas-metropolitan-areas#comments Business Demography Donald Trump Human migration Illegal immigration Illegal immigration to the United States Immigration Pew Research Center Politics Sanctuary Sanctuary city Social Issues Statista US Administration Washington D.C. Sun, 26 Feb 2017 02:00:00 +0000 Tyler Durden 588961 at http://www.zerohedge.com Oscars Preview http://www.zerohedge.com/news/2017-02-25/oscars-preview <p>While uncertainty reigns over how many black or female actors will win tomorrow; there is one thing guaranteed - some self-righteous political preaching...</p> <p>&nbsp;</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170225_oscars.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/19/20170225_oscars_0.jpg" width="600" height="389" /></a></p> <p><a href="http://michaelpramirez.com/index.html"><em>Source: MichaelPRamirez.com</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="1085" height="704" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170225_oscars.jpg?1488051970" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-25/oscars-preview#comments Cognition Doubt Entertainment Epistemology Measurement Sermon Uncertainty Sun, 26 Feb 2017 02:00:00 +0000 Tyler Durden 588965 at http://www.zerohedge.com A Two-State Solution... For The West? http://www.zerohedge.com/news/2017-02-25/two-state-solution-west <p><a href="https://www.linkedin.com/pulse/two-state-solution-west-erico-matias-tavares"><em>Submitted by Erico Matias Tavares via Sinclair &amp; Co.,</em></a></p> <div class="prose"> <p><strong>There&#39;s a cold war raging. </strong></p> <p>No, not the one between the US and Russia. That&rsquo;s old news.</p> <p><strong>We&#39;re talking about the NEW cold war: the one for the soul of the West.</strong></p> <p><span style="text-decoration: underline;"><strong>On one corner we have the globalists,</strong></span> basically political and financial elites who after the disasters of World War II decided that eliminating borders was the way to ensure a peaceful future. Increasingly diverse (multicultural) societies would now be governed by supranational institutions, the only way to confront problems that are global in nature: environmentalism, terrorism, epidemics, consumerism and so forth. And much of this has become mainstream, with the powerful backing of the liberal media, the entertainment industry, much of academia and influential think tanks.</p> <div class="slate-resizable-image-embed slate-image-embed__resize-full-width"><img src="https://media.licdn.com/mpr/mpr/AAEAAQAAAAAAAAu8AAAAJDhjYzVlOWMxLTViZGQtNDc0OS04OWMzLTM4NzI2NDBhODIzZg.jpg" width="600" /></div> <p>While people from all political persuasions support this ideology, it appears to be more closely associated with the political left, sometimes from the hard left even, as shown by the picture above taken in a very progressive US neighborhood.</p> <p><span style="text-decoration: underline;"><strong>On the other corner we have the nationalists </strong></span>(also known as patriots, populists, and deplorables). They took a good look at the downsides of that brave new (open) world and said to heck with its ongoing destruction of national identities, borders, traditional cultures and religion, and constant foreign military interventions especially when they are incapable of protecting their own borders from mass immigration.</p> <p>There is no question that 2016 was a pivotal year in this struggle, which is now playing out in the open.</p> <p>First the British voted to pull out of the European Union, against all odds. Then the Americans elected a brash Republican outsider for President, also against &lrm;all odds.</p> <p><strong>After ceding cultural and political terrain for decades, the nationalists seem to be making a comeback. And now the cracks within Western countries are visible for anyone to see.</strong></p> <p>Take the United States, the leader of the Free World. Here is a recent survey of the approval ratings of that outsider, President Donald Trump:</p> <div class="slate-resizable-image-embed slate-image-embed__resize-full-width"><img src="https://media.licdn.com/mpr/mpr/AAEAAQAAAAAAAAvBAAAAJDIyNzE4MTU0LTYxNWEtNDgxZS04ODU1LTU2OWIzNWRlZDE1Mg.jpg" style="height: 203px; width: 601px;" /></div> <p><em>Source: </em><a href="http://www.washingtonpost.com/news/politics/wp/2017/02/24/the-only-groups-that-have-majority-approval-of-trump-republicans-and-whites-without-college-degrees/?utm_term=.2be23061f1e4" rel="nofollow noopener" target="_blank"><em>The Washington Post</em></a><em>, </em><a href="http://www.zerohedge.com/news/2017-02-24/baffled-wapo-still-arguing-only-dumb-white-men-approve-trump" rel="nofollow noopener" target="_blank"><em>ZeroHedge</em></a></p> <p><strong>Notice the huge disparity between Republicans and Democrats. It could not be any more striking than this &ndash; and just a few weeks after Trump&rsquo;s inauguration.</strong></p> <p>This reflects of what is going on across much of the US, down to family and friends. It is clearly not confined to just &ldquo;millennial snowflakes&rdquo;, although these tend to be the loudest. Try walking in that very progressive US neighborhood wearing a &#39;Make America Great Again&#39; cap and see how that cold war can turn &lrm;hot very quickly.</p> <p>The two sides no longer seem to agree on what a country is: if it should have borders, who has the rights and obligations in their societies and what it should stand for. Those are pretty basic &ndash; and fundamental &ndash; differences that look more and more irreconcilable by the day. Heck, there isn&rsquo;t even an agreement on who is a woman and who is a man.</p> <p><u><em><strong>So what can be done about this?</strong></em></u></p> <p><em><strong>Well, since everyone seems so keen in implementing a two-state &lrm;solution in the Israel-Palestine conflict, why not do the same across the West?</strong></em></p> <p>With one key difference: these two &ldquo;states&rdquo; would remain formally linked through a very limited federal/national government. Mainland Chinese public officials even have a name for it: one country, two systems.</p> <p><strong>If people in New York, Massachusetts, Illinois, Oregon and California want to become openly multicultural and consistently vote accordingly, why stop them?</strong> Let them welcome anybody they want and implement whatever education system, gender identifications and values they desire. Good for them. Provided of course that all this should be funded strictly by their own state and local taxes, which is only fair (no doubt very rich globalists like George Soros, Bill Gates and Richard Branson will gladly pitch in).</p> <p><strong>On the other hand, if Texas and all others in flyover country believe they are entitled to bear arms, speak however they like in one language only, promote their values and culture and fully decide on who can live in their communities, what&rsquo;s wrong with that? </strong>If you long to hear church bells on Sunday morning, sing the national anthem and use gender-segregated bathrooms you can always visit or move to those communities.</p> <div class="slate-resizable-image-embed slate-image-embed__resize-full-width"><img src="https://media.licdn.com/mpr/mpr/AAEAAQAAAAAAAA3FAAAAJGY4Yjg3YTdkLTRkNWUtNDRjZC05NWE0LTVmZTcyMWZlYzVjNw.png" style="height: 407px; width: 601px;" /></div> <p><em>Source: Prof. Mark Newman, Department of Physics and Center for the Study of Complex Systems, </em><a href="http://www-personal.umich.edu/%7Emejn/election/2016/" rel="nofollow noopener" target="_blank"><em>University of Michigan</em></a></p> <p><strong>And that arrangement can be fined tuned further by going down to the county level, such that the views of local communities would be more accurately represented.</strong> In that case the map shown above provides an indication of how a two-state US could look like, with red being a proxy for the nationalist counties (i.e. majority Republican voters in the 2016 Presidential election).</p> <p><strong>Similarly, the same concept could be implemented across the European Union. </strong>If Germans, Swedes, French and the Dutch want their countries or municipalities to go full multicultural, good for them. What they shouldn&#39;t do is impose their vision of the world through the supranational mechanisms of the European Union on the Poles, Hungarians, Finns and many others who do vigorously want to retain their culture and identities.</p> <p>And that&rsquo;s what we have in every election cycle, with one party seeking to push its values onto the rest of society, which is increasingly divided and at odds with each other. So the pushback from either side is predictable. New &ldquo;populist&rdquo; movements across Europe already threaten the very existence of that federal government (except that in Europe&rsquo;s case it is anything but limited), and they will not go away any time soon.</p> <p><strong>This two-state system might be a seemingly fair way to achieve the best of both worlds, allowing both ideologies to coexist within a common governmental framework. A large scale version of Belgium if you like. But the reality is not so simple (just look at Belgium!)</strong></p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p><strong>First, Western nations for the most have accumulated debts at the supra-regional level</strong> so large that apportioning them &lrm;between the two &ldquo;states&rdquo; is likely to be extremely contentious. With their sustainability already dubious in many cases, and without even considering all the crushing healthcare and retirement contingent liabilities, any division would be really problematic. As such the federal/national government would likely continue to be much larger than what would be desirable to disentangle differing political views.</p> <p>&nbsp;</p> <p><strong>Second, transitioning into a multicultural society can be very problematic</strong>, as evidenced by the <a href="http://www.linkedin.com/pulse/sweden-brink-interview-dr-tino-sanandaji-erico-matias-tavares" target="_blank">debate on Sweden&rsquo;s immigration policies</a> that has now gone viral, at least until a consensual set of rules and behaviors can be forged. The inherent security risks could force some parts of the other &ldquo;states&rdquo; to curtail the free flow of people. This is already happening in many parts of Europe as a result of the recent refugee crisis.</p> <p>&nbsp;</p> <p><strong>Third, Western alliances would likely have to be redrawn along this split in Western aspirations.</strong> Donald Trump has more in common with Hungary&rsquo;s Prime Minister Viktor Orbán than Sadiq Khan, the Mayor of London, who will likely never welcome him in his city despite the special relationship between his country and the US.</p> <p>&nbsp;</p> <p>Indeed, Trump proposes core nationalistic values not too dissimilar from his Russian counterpart Vladimir Putin (a key reason why the globalist media and intelligence are so keen to demonstrate a formal connection between the two). On the other hand, German Chancellor Angela Merkel &ndash; a hardcore globalist &ndash; could not be farther apart from either one.</p> <p>&nbsp;</p> <p><strong>Fourth, how can each &ldquo;state&rdquo; coordinate on international commercial policies with the other one, as many companies have extensive operations across the two?</strong> This cold war is now spreading to the corporate sector, with some employees feeling alienated and consumers on each side threatening boycotts and sanctions. It has come to that.</p> <p>&nbsp;</p> <p><strong>And finally, a divided West is a weak West.</strong> China is not worried about any of these existential social issues. Neither is Russia, Turkey or Iran&lrm;. There aren&rsquo;t any mainstream cultural hesitations in any of these countries (although each has its own fairly large share of dissidents, with good reason). As such, this split is a sure way to accelerate the erosion of the West&#39;s standing in global affairs, although the current state of affairs is not exactly helpful in that regard either.</p> </blockquote> <p><strong>Let&#39;s have no illusions: this is a deep division and it&#39;s unlikely that we will ever return to a level of unity and understanding in Western societies like we had in the recent past. We&#39;re at a major crossroads in History.</strong></p> <p>Will we be able to live together even if our backs are turned against each other, or will one side try to impose its will on the other with backlashes turning more violent each time? This will not be solved with simple calls for unity since the two sides are so far apart at this point.</p> <p><em><strong>More importantly, which &ldquo;state&rdquo; will YOU choose?</strong></em></p> </div> <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="734" height="376" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20170224_west.jpg?1488051316" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-25/two-state-solution-west#comments Academia Alt-right Belgium Bill Gates Business Center for the Study of Complex Systems China Climate change skepticism and denial Conservatism in the United States Culture Department of Physics Donald Trump Donald Trump Economy European Union European Union federal/national government George Soros Globalization Hungary Illinois International reactions to the United States presidential election Iran Michigan Multiculturalism Politics Politics ratings Reality Structure The Apprentice Turkey University Of Michigan University of Michigan Vladimir Putin WWE Hall of Fame Sun, 26 Feb 2017 01:30:00 +0000 Tyler Durden 588964 at http://www.zerohedge.com Goldman Perplexed By The "Relentless Bull Market" http://www.zerohedge.com/news/2017-02-25/goldman-perplexed-relentless-bull-market <p>It has now become a weekly ritual: Goldman warns the market is overvalued and poised for a selloff, market proceeds to ramp to new all time highs.</p> <p>It was just last weekend when Goldman's chief equity strategist, David Kostin warned that investors will soon realize they were too optimistic, pointing out that the "S&amp;P 500 has returned 10% since Election Day while consensus 2017E adjusted earnings have been lowered by 1%", and adding that "we are approaching the point of maximum optimism and S&amp;P 500 will give back recent gains as investors embrace the reality that tax reform is likely to provide a smaller, later tailwind to corporate earnings than originally expected."</p> <p>What happened next is familiar: the Dow proceeded to notch five consecutive all time high in the following week, closing at a new record on Friday afternoon. </p> <p>So has Goldman thrown in the towel? Not at all, and in a note over the weekend, Kostin is now clearly perplexed by what he dubs a "relentless bull market", is now making not only short-term predictions, but urging Goldman's clients to "<strong>replace long equity positions with calls or sell unlikely upside to fund protection</strong>."</p> <p>Some more details: in a note from Friday evening, asking "<strong>How to position in a relentless bull market given a long list of near-term drawdown</strong>", Goldman observes that "It has been a year since the last 10% US equity market drawdown but long periods of stability are not good indicators of drawdown risk. In recent years, investors have bled premium by hedging positions while stocks continued to climb. <strong>Looking ahead, the distribution of market outcomes appears asymmetrical. </strong>Near-term downside catalysts include (1) investor recognition that lower corporate tax rates may not take effect until 2018; (2) multiple Fed hikes; (3) European elections. We forecast S&amp;P 500 will peak in 1Q at 2400 and end the year at 2300. <strong>Given extremely low volatility, investors should replace long equity positions with calls or sell unlikely upside to fund."</strong></p> <p>In short, while Goldman's top equity strategist is perplexed (or at least so he would like to appear, even though virtually all of Trump's economic advisors are his former colleagues and Goldman's stock has soared over 30% since the election), his advice is for clients to get out in the next 5 weeks (when Q1 ends), and to "replace long equity positions" while selling unlikely upside to take advantage of the extremely low volatility.</p> <p><em>Below are the details of Goldman's latest bearish thesis:</em></p> <p>“August in February” describes both the weather and trading activity this week. As temperatures in Manhattan climbed into the high 60s (20º C), equity volatility continued to fall. <strong>S&amp;P 500 realized 3-month volatility now ranks in the 1st percentile of the last 50 years. </strong>It has been more than two months since S&amp;P 500 moved more than 1% intraday. Earlier this month marked a full calendar year since the last 10% US equity market drawdown. The S&amp;P 500 declined by 14% in February 2016. It has been more than seven months since the last 5% drawdown (6% in June 2016), and 93 trading days – more than four calendar months – since the S&amp;P 500 last experienced a daily decline of 1% in early October. The last time the market exceeded that stretch was 94 days in 2006.</p> <p><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/GS%20bear%201.jpg" width="500" height="365" /></p> <p><strong>Long periods of market stability are not good indicators of drawdown risk.</strong> Since 1980, there have been only six instances of the S&amp;P 500 trading for 80 or more consecutive days without a 1% decline. Following the end of these stable market periods, the S&amp;P 500 actually registered a positive three-month return in five of six episodes, with a median 6-month return of 9% and a 12-month return of 15% (Exhibits 2). In short, following previous periods of market stability, the S&amp;P 500 usually continued to march higher. </p> <p><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/gs%20bear%202.jpg" width="499" height="364" /></p> <p>Extreme positioning of US equity investors is generally a contrarian indicator, but the market has continued to climb amid widespread bullishness. Our Hedge Fund Trend Monitor published this week showed that hedge funds currently carry their highest net long exposure since 2015. Similarly, our Sentiment Indicator based on S&amp;P 500 futures positions reads a 100 this week on a scale of 0 to 100. </p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/gs%20sentiment.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/gs%20sentiment_0.jpg" width="500" height="401" /></a></p> <p>Although the indicator is more useful in signaling market upside following low values, readings above 90 have been statistically significant indicators of modest downside risk during the subsequent month.&nbsp;&nbsp; The S&amp;P 500 has continued to reach new record highs despite SI readings above 90 for nine of the last 10 weeks. </p> <p><strong>The clearest potential tailwinds for S&amp;P 500 upside include government policy and acceleration in US economic data, but neither catalyst looks likely. </strong>Investor optimism in recent months has been driven in large part by hopes for lower corporate tax rates. However, our Washington, D.C. analyst believes the political climate suggests that tax reform likely will not go into effect in 2017. Meanwhile, recent economic data have been strong, but the high level of our economists’ MAP index of data surprises as well as the 3.6% pace of US economic growth signaled by their Current Activity Indicator place a high bar for upcoming data releases to maintain the current pace of economic acceleration and drive further share price appreciation.</p> <p><strong>The distribution of market outcomes appears asymmetrical in our view, but the market will likely continue to grind higher until a catalyst sparks a drawdown. Upcoming weeks include a number of major risks: </strong></p> <ol> <li>US government policy: Next Tuesday, Feb. 28, President Trump will present his State of the Union to Congress. Trade with China has been notably absent from recent headlines despite constituting a central pillar of his campaign. Protectionist trade policy is a risk lurking under the surface.</li> <li>US monetary policy: Although most investors expect two or three FOMC rate hikes this year, the market prices just a 22% likelihood of a hike at the FOMC meeting on March 15. PCE inflation data released on March 1, Chair Yellen’s planned speech on March 3, and/or the monthly jobs report on March 10 could raise the odds of a hike sooner than is currently expected.</li> <li>European elections. In a busy calendar of European elections, the first round of the French presidential election will occur on April 23, with a potential run-off scheduled for May 7.</li> </ol> <p><strong>Fund managers are currently caught between a long list of risks and a market climbing steadily to new record levels. </strong></p> <p><strong>Our 2017 outlook remains that S&amp;P 500 will peak in 1Q at 2400 and then fade to 2300 by year-end. </strong>Firms will not benefit from lower tax rates until 2018 and the Fed’s bias is to tighten. But following years of watching cash and hedges drag on returns, it is difficult for investors to miss out on potential upside or spend premium for protection in a market that continues to grind higher. Although European implied volatility shows a “kink” around the French elections, US equities reflect little to no implied risk from the events listed above. Unfortunately, drawdowns rarely announce themselves to investors in advance.</p> <p>Investors seeking to own US stocks while protecting against upcoming risks can take advantage of extremely low volatility by <strong>replacing cash equity holdings with calls.</strong> Call options offer unlimited upside participation but risk just the cost of the option if the market falls or stops rising. <strong>Investors who are already long but find themselves concerned with the asymmetric risk profile can sell unlikely upside to protect against drawdown risk</strong>. An investor can sell a 2410 (+2%) S&amp;P call with a June 30 expiry and use the premium to buy a 2240 (-5%) put. <strong>This strategy protects investors from a drawdown of 5% or more during the next four months while allowing participation to our upside forecast level of 2400</strong>. June 30 expiry captures the potential event risks listed above as well as the June 14 FOMC meeting. Our economists assign a 90% probability of at least one Fed hike by then while futures imply a much lower 67% likelihood.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/gs%20bear%204_0.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/02/08/gs%20bear%204_0_0.jpg" width="500" height="365" /></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="560" height="409" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/GS%20bear%201.jpg?1488065496" /> </div> </div> </div> http://www.zerohedge.com/news/2017-02-25/goldman-perplexed-relentless-bull-market#comments Business China Congress Day trading Dow 30 Finance Financial risk headlines Hedge fund Investment MAP Market sentiment Mathematical finance Monetary Policy Money Reality S&P 500 Share trading Stock market Technical analysis US Federal Reserve US government Volatility Volatility Washington D.C. Sun, 26 Feb 2017 00:57:16 +0000 Tyler Durden 588973 at http://www.zerohedge.com