http://www.zerohedge.com/fullrss2.xml/news/bill-gross-why-we-are-witnessing-death-abundance-and-why-gold-becoming-default-store-value en The Natural Gas War Burning Under Syria http://www.zerohedge.com/news/2016-09-25/natural-gas-war-burning-under-syria <p><a href="http://oilprice.com/Energy/Energy-General/The-Natural-Gas-War-Burning-Under-Syria.html"><em>Submitted by James Durso via OilPrice.com,</em></a></p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/09/23/20160925_syria.jpg"><em><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/09/23/20160925_syria.jpg" style="width: 554px; height: 275px;" /></em></a></p> <p>Qatar always wanted to punch above its weight. <strong>In Syria, it got the chance.</strong></p> <p><strong>In 2009, <a href="http://www.eia.gov/beta/international/country.cfm?iso=QAT">Qatar</a>, a leading natural gas producer, approached Syria about routing its planned 1,500 mile pipeline to the gas markets of Europe through Syria&rsquo;s Aleppo province.</strong> Qatar wanted a <a href="http://www.thenational.ae/business/energy/qatar-seeks-gas-pipeline-to-turkey">pipeline</a> straight to Europe as its current gas transport modes were limited to Liquefied Natural Gas (LNG) tanker, mostly to Asia with limited spot <a href="http://www.naturalgaseurope.com/poland-prepares-for-norwegian-qatari-cargoes-29784">shipments</a> to <a href="https://wikileaks.org/plusd/cables/09DOHA495_a.html">Europe</a> or the Dolphin pipeline to the United Arab Emirates and Oman. The pipeline would head north and end in Turkey after crossing Saudi Arabia, Jordan, and Syria.<strong> Syria <a href="http://www.hurriyetdailynews.com/moscow-rejects-saudi-offer-to-drop-assad-for-arms-deal.aspx?pageID=238&amp;nid=52245">declined</a> Qatar&rsquo;s offer, </strong>which would have cut the European market share of its partner, Russia, and instead agreed to participate in the <a href="http://www.naturalgaseurope.com/iran-iraq-and-syria-gas-pipeline">&ldquo;Friendship Pipeline&rdquo;</a> between Iran and Iraq that was considered a &ldquo;Shia Pipeline&rdquo; to some and a target for the Sunni monarchies of the Gulf. Not understood, or ignored, was Syria&rsquo;s longstanding support of the Iranian regime, especially during the 1980-1988 Iran-Iraq War, and its long relationship with Russia, dating from 1944, which should have been a warning of who might appear if things hotted up.</p> <p><strong>In 2010, Israel and Syria held <a href="http://www.nytimes.com/2012/10/13/world/middleeast/secret-israel-syria-peace-talks-involved-golan-heights-exit.html?_r=0">back-channel</a> talks that reportedly included Israel&rsquo;s return of the Golan Heights to Syria in exchange for security guarantees.</strong> The talks lagged due to mutual suspicions about the other side&rsquo;s ability to deliver and, by early 2011, the Arab Spring had erupted across the region and leaders&rsquo; attentions turned to more immediate concerns. At this point, America had the opportunity to strike a blow against the Islamic Republic&rsquo;s ally, the Assad regime. In 2011, Turkey provided a home for the opposition Syrian National Council and, in August 2011, the U.S., its allies, and the UN were calling on Bashar Assad to <a href="http://www.nytimes.com/2011/08/19/world/middleeast/19diplo.html">step down</a>.</p> <p><strong>In 2011, Syria, Iran, and Iraq agreed to build a pipeline to connect Iran&rsquo;s South Pars gas field to Europe. </strong>The pipeline would run from Assalouyeh, Iran to Europe via Iraq, Syria, and Lebanon, with Syria as the <a href="http://www.voltairenet.org/article173718.html">center</a> of assembly and production.</p> <p><strong>What remains unclear is why, when Syria turned down its original pipeline proposal, it didn&rsquo;t pursue its second option for the pipeline route: Saudi Arabia &ndash; Kuwait &ndash; Iraq.</strong> Aside from the challenging terrain in Iraq, the mostly likely reasons are the discovery of vast gas <a href="http://blogs.platts.com/2015/11/16/eastern-mediterranean-basin-oil-gas/">reserves</a> in the eastern Mediterranean, and Saudi <a href="http://www.thenational.ae/business/energy/qatar-seeks-gas-pipeline-to-turkey">opposition</a> to a pipeline through Kuwait. If a more Qatar-friendly regime were to gain control of Syria, Qatar would be able to garner more profit and have influence over the state, something it is unable to do with Saudi Arabia, which vehemently opposes Qatar&rsquo;s historic support of the Muslim Brotherhood, Jordan, a U.S. ally, or Iraq, an Iranian ally. At that point it was nothing personal, just business, and the Assads had to go.</p> <p><u><strong>This was Qatar&rsquo;s best chance to influence the affairs of the region.</strong></u> It has a tiny native population &ndash; guest workers make up almost <a href="http://www.bq-magazine.com/economy/2013/12/population-qatar">90 percent</a> of Qatar&rsquo;s population of 2.2 million &ndash; and an <a href="http://www.aljazeera.com/indepth/features/2012/07/2012722917422894.html">unhealthy</a> one, so some options are limited as it has a very <a href="http://fas.org/sgp/crs/mideast/RL31718.pdf">small military</a>. It does, however, have a healthy check book and was able to use it to help <a href="https://www.ft.com/content/f2d9bbc8-bdbc-11e2-890a-00144feab7de">finance</a> the Syrian opposition forces.</p> <p>To better understand the war in Syria, remember the surge in natural gas <a href="http://soundwaves.usgs.gov/2010/05/research3.html">discoveries</a> in the Eastern Mediterranean starting in 2009. Israel, Cyprus, and Egypt have found large gas deposits, and offshore Lebanon has the potential for significant gas resources. Israel has the potential to export gas to Egypt, Jordan, the Palestinian Authority, and Turkey. (Israel and Turkey have discussed a pipeline to Turkey, but Cyprus has objected as it does not have diplomatic relations with Turkey.)</p> <p>If the pipeline from Iran to Syria it could create an energy hub in Syria, and could block Qatar gas sales to Europe at a time when Qatar&rsquo;s gas <a href="https://www.eia.gov/dnav/ng/ng_move_impc_s1_a.htm">exports</a> to the U.S. have dropped to zero, largely due to increasing U.S. domestic <a href="http://www.eia.gov/dnav/ng/hist/n9050us2a.htm">production</a> of natural gas. <strong>Thus Qatar would be limited to the Asian LNG market </strong>as it scrapped for the EU market with Iran, Iraq, Syria, and Russia. And the only thing that could make it worse is happening: <strong>Europe is <a href="http://www.bloomberg.com/news/articles/2016-01-15/more-than-half-of-u-s-lng-is-destined-for-europe-woodmac-says">forecast</a> to take more than half of U.S. LNG exports by 2020.</strong></p> <p><strong>Qatar, Saudi Arabia, and their confederates are in it to win it, and the fighting in Syria has <a href="https://www.theguardian.com/environment/earth-insight/2013/aug/30/syria-chemical-attack-war-intervention-oil-gas-energy-pipelines">focused</a> on the <a href="http://www.inspiretochangeworld.com/2016/09/syrian-war-nothing-daesh-energy-battle-future-pipelines/">pipeline routes</a>.</strong> Aleppo province, which would host the Qatari pipeline, is where Turkey wants to establish a <a href="http://blogs.timesofisrael.com/chinese-stratagems-and-syrian-buffer-zone-for-turkey-qatar-pipeline/">buffer zone</a> to support &ldquo;moderate&rdquo; rebel forces. If Turkey can control this territory, it will bolster the Qatari pipeline and ensure its own preeminence as the energy hub in southern Europe, where it<strong> would gather oil and natural gas from Russia, Central Asia, the Caspian, the Eastern Mediterranean, and the Middle East, and become less reliant on Russian gas,</strong> which accounted for over 50 percent of its imports in <a href="http://www.al-monitor.com/pulse/originals/2016/04/turkey-russia-curtail-gas-bonanza.html">2014</a>. <u><strong>But Russia hasn&rsquo;t been standing still</strong></u>: it has surrounded Turkey on three sides by occupying Crimea, sending more troops to Armenia, and deploying the S-400 air defense system to Syria, creating a no-fly zone, and maybe a &ldquo;no-buy&rdquo; zone for potential customers of Qatari gas.</p> <p>The Pasha&rsquo;s increasingly autocratic behavior may spur hedging behavior in Europe, such as balancing the Pasha with the Tsar and completing Russia&rsquo;s Nord Stream pipeline, negotiating better deals with key suppliers Norway and Algeria, importing LNG from the U.S., and getting serious about <a href="http://www.dw.com/en/what-ever-happened-with-europes-fracking-boom/a-18589660">fracking</a> for shale gas. Turkey turned the flow of refugees to Europe on and off to get what it wanted, and the possibility remains that it will one day do the same with energy.</p> <p><u><strong>And Qatar may have to write some more checks in addition to the ones it has sent to Assad&rsquo;s opposition.</strong></u> Turkey has some serious policy and infrastructure <a href="https://www.foreignaffairs.com/articles/turkey/2015-10-11/kink-pipeline">shortfalls</a> that work against it becoming a serious energy hub soon: weak domestic gas regulation, state subsidies, monopoly control of the gas transmission network, only two LNG terminals, and a lack of storage capacity.<strong> Syria may be too wrecked to be a hub and Turkey lacks the infrastructure for the role. </strong>Russia may be interested in investing in increasing Turkey&rsquo;s hub capacity and Turkey, which is making amends with Russia, may take the money over Qatar&rsquo;s for a pipeline that may never be built.<em><strong> Russia&rsquo;s good relations with Cyprus and Israel could propel movement towards a resolution of the Cyprus dispute so the gas pipeline from Israel to Turkey becomes a reality, having the knock-on effect of attracting more outside investment to Turkey.</strong></em></p> <p><strong>To succeed in its pipeline goals, Qatar will have to make serious investments in the Turkish end of its project as well as resisting political pressure from Russia.</strong> Until then, it will be limited to making LNG shipments to Europe by tanker. <strong><u>In the meantime, these pipeline geopolitics have contributed to serious consequences for the Middle East.</u></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="554" height="275" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20160925_syria.jpg?1474822090" /> </div> </div> </div> http://www.zerohedge.com/news/2016-09-25/natural-gas-war-burning-under-syria#comments Iran Iraq Israel Kuwait Market Share Middle East Natural Gas Norway Reality Saudi Arabia Turkey Sun, 25 Sep 2016 17:10:00 +0000 Tyler Durden 573151 at http://www.zerohedge.com "It's Serious Business" - Trump VP Pence Confirms Bill Clinton's Ex-Girlfriend "Will Not Be At Debate" http://www.zerohedge.com/news/2016-09-25/its-serious-business-trump-vp-pence-confirms-bill-clintons-ex-girlfriend-will-not-be <p><a href="http://www.zerohedge.com/news/2016-09-24/following-trump-threat-gennfier-flowers-reportedly-confirms-debate-attendance">Despite the confirmatin from Gennifer Flowers yesterday</a>, Donald Trump VP Mike Pence <a href="http://thehill.com/blogs/ballot-box/presidential-races/297642-pence-gennifer-flowers-wont-be-at-the-debate">confirmed </a>this morning that <strong>Bill Clinton's ex-girlfriend "will not be attending the debate tomorrow night." </strong></p> <p><iframe src="https://www.facebook.com/plugins/video.php?href=https%3A%2F%2Fwww.facebook.com%2FFoxNewsSunday%2Fvideos%2F10153329552917168%2F&amp;show_text=0&amp;width=560" width="560" height="315" frameborder="0" scrolling="no"></iframe></p> <p><a href="http://thehill.com/blogs/ballot-box/presidential-races/297642-pence-gennifer-flowers-wont-be-at-the-debate">As The Hill reports,</a> Pence, Republican presidential nominee&nbsp;<span><a href="http://thehill.com/people/donald-trump">Donald Trump</a></span>'s running mate, attempted to draw a clear contrast between the policies of Trump and those of Democratic presidential nominee&nbsp;<span><a href="http://thehill.com/people/hillary-clinton">Hillary Clinton</a></span>.</p> <div><em><strong>"Hillary Clinton apparently thinks this is an episode of 'Shark Tank,' but this is America," Pence said.</strong></em></div> <div>&nbsp;</div> <div><em><strong>"It's serious business."</strong></em></div> <div> <p>Pence said <span style="text-decoration: underline;"><strong>Trump's tweet about bringing Flowers to the debate was "really mocking the fact that Hillary Clinton was trying to distract attention away from this moment in our national life where the American people are going to see a strong contrast between" both candidates.</strong></span></p> </div> <p>* * *</p> <p>So, if not Gennifer... then is Monica on her way?</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="233" height="147" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20160825_flowers.jpg?1474820947" /> </div> </div> </div> http://www.zerohedge.com/news/2016-09-25/its-serious-business-trump-vp-pence-confirms-bill-clintons-ex-girlfriend-will-not-be#comments Donald Trump Sun, 25 Sep 2016 16:31:04 +0000 Tyler Durden 573148 at http://www.zerohedge.com Amazon "Tweaks" Its Hillary Book Stats: Doubles '5-Star' Reviews Overnight http://www.zerohedge.com/news/2016-09-25/amazon-tweaks-its-hillary-book-stats-doubles-5-star-reviews-overnight <p><a href="http://www.zerohedge.com/news/2016-09-15/spot-book-review-difference">Two short weeks ago,</a> we exposed the gaping difference between Amazon reader reviews of Hillary Clinton&#39;s &quot;Stronger Together&quot; book (14% 5-Stars) and Donald Trump&#39;s &quot;Great Again&quot; book (74% 5-Stars)...</p> <p>&nbsp;</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/09/15/20160915_book.jpg"><img height="147" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/09/15/20160915_book_0.jpg" width="600" /></a></p> <p>&nbsp;</p> <p><a href="http://www.nytimes.com/2016/09/15/us/politics/clinton-book-stronger-together.html?partner=rss&amp;emc=rss&amp;smid=tw-nytpolitics&amp;smtyp=cur&amp;_r=0">As The New York Times reported at the time,</a> <strong>the book was a disaster.</strong> Both Mrs. Clinton and her running mate, Senator Tim Kaine, have promoted the book on the campaign trail, but the sales figure, which tallies about 80 percent of booksellers nationwide and does not include e-books<strong>, firmly makes the book <span style="text-decoration: underline;">what the publishing industry would consider a flop.</span></strong></p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&ldquo;Stronger Together,&rdquo; whose cover shows Mrs. Clinton and Mr. Kaine waving, arrived closer to Election Day than most of these types of books.</p> <p>&nbsp;</p> <p><strong>Named after the campaign&rsquo;s slogan, &ldquo;Stronger Together&rdquo; </strong>offers readers, according to the book jacket, &ldquo;specific and practical solutions, while also articulating a bold and expansive vision of change and renewal.&rdquo;</p> <p>&nbsp;</p> <p><strong>Its roughly 250 pages intersperse bullet-point policy ideas, like &ldquo;launch a national initiative for suicide prevention&rdquo; and &ldquo;humanely address the Central American migrant crisis,&rdquo; </strong>with photographs of Mrs. Clinton and Mr. Kaine on the campaign trail, charts in the campaign&rsquo;s signature chunky font and highlights from Mrs. Clinton&rsquo;s speeches.</p> </blockquote> <p><span style="text-decoration: underline;"><strong>So, as with everything else in this &#39;new normal rigged&#39; world, something had to be done and WaPo-owner Jeff Bezos&#39; Amazon reviews appear to have been &#39;tweaked&#39; - more than doubling Hillary&#39;s top reviews.</strong></span> <a href="http://www.wnd.com/2016/09/amazon-steps-in-to-fix-hillary-book-review/">But, as WND.com explains, </a>Amazon&#39;s steps to &#39;fix&#39; Hillary&#39;s book rviews has resulted in 5-star ratings with scathingly negative comments...</p> <div class="copy-paste-block"> <p><strong>If you can&rsquo;t even win when the rules are changed in your favor, things must be REALLY bad.</strong></p> <p>That&rsquo;s how it looks for Hillary Clinton&rsquo;s new 2016 campaign book, <a href="https://www.amazon.com/dp/1501161733/ref=pd_lpo_sbs_dp_ss_1?pf_rd_p=1944687742&amp;pf_rd_s=lpo-top-stripe-1&amp;pf_rd_t=201&amp;pf_rd_i=1476751471&amp;pf_rd_m=ATVPDKIKX0DER&amp;pf_rd_r=M4DZCPJPPWV9DQH8H4RH">&ldquo;Stronger Together,&rdquo;</a> co-authored with running mate Tim Kaine.</p> <p><a href="http://wnd.com/2016/09/hillarys-stronger-together-savaged-on-amazon/">WND reported</a> just days ago when the book was being savaged on Amazon.com with negative reviews, <strong>with 81 percent one-star ratings and an average of only 1.7.</strong></p> <p>Clinton supporters lashed out at &ldquo;trolls&rdquo; they said were criticizing the book only because they oppose the Democrat&rsquo;s presidential candidacy.</p> <p><strong><em>WND previously reported there were more than 1,200 reviews, and the number grew to than 2,000.</em></strong></p> <p><strong><em>But Thursday afternoon, there were only 255, with many of the most critical reviews removed by Amazon, </em></strong>whose CEO, Jeff Bezos, <a href="http://wnd.com/2016/05/washpo-explains-its-20-man-army-dishing-dirt-on-trump/">owns the Washington Post, which created an army of 20 reporters and researchers</a> to investigate the life of Donald Trump.</p> <p>Victory for the Clinton book, however, remains out of grasp, with the negative, one-star responses, outnumbering positive, <strong>five-star responses nearly 2-1.</strong></p> <p><strong>The one-star ratings Thursday were 62 percent, to 35 percent for five-star ratings.</strong></p> <p>And reviewers many times simply punched the five-star button then made harshly critical condemnations of the book and Hillary Clinton.</p> <p>From suz702, who posted a five-star ranking: <em>&ldquo;I didn&rsquo;t buy this book or read this book, but I have read the reviews, and enjoyed hours of entertaining, fun filled reading, expressing the TRUTH, about a crooked, lying, corrupt, terminally ill Presidential candidate, who stole the nomination from Bernie Sanders, and who is about the steal the Presidency with the use of election fraud. 10 Stars to the authors of these reviews. Proof that not only are Amazon.com shoppers of superior intelligence, but thye call it like they see it&hellip;. Amazon shows this as a verified purchase, when I didn&rsquo;t buy the book &hellip; how fun!&rdquo;</em></p> <p>Another five-star reviewer, ian alexander, said<em> &ldquo;the book confirms the hrc is a racist. every matter in her mind is about racies (sic). but reality is she does not care about the black people. just look at the ever increasing trend of black population that are relying on welfare since the obama rule. the fundermental (sic) cause of this result is the fact that lefties of the country favor the riches by allowing outsourcing jobs to other countries. black people should wake up, stop supporting dnc and hrc, who is effectively a puppet of the elite class. the book is simply a propaganda.&rdquo;</em></p> <p><strong>Amazon said there were 91 positive reviews Thursday, to 166 critical.</strong></p> <p><strong>Just two days earlier, out of 1,244 reviews, 81 percent were one-star and 16 percent five-star. </strong>The book plunged from No. 840 earlier this week to No. 1,538 on Thursday. It was No. 5 in the subcategory &ldquo;Books-Politics &amp; Social Sciences-Politics &amp; Government-Elections &amp; Political Process-Leadership.&rdquo;</p> <p>The new review chart:</p> <p><a href="https://www.amazon.com/Stronger-Together-Hillary-Rodham-Clinton/product-reviews/1501161733/ref=cm_rdphist_5?ie=UTF8&amp;filterByStar=five_star&amp;showViewpoints=0"><img alt="EditedAmazonReviewsHilary" class="aligncenter size-full wp-image-3711004" src="http://www.wnd.com/files/2016/09/EditedAmazonReviewsHilary.jpg" style="width: 300px; height: 286px;" /></a> </p><p>The previous review chart:</p> <p><a href="https://www.amazon.com/dp/1501161733/ref=pd_lpo_sbs_dp_ss_1?pf_rd_p=1944687742&amp;pf_rd_s=lpo-top-stripe-1&amp;pf_rd_t=201&amp;pf_rd_i=1476751471&amp;pf_rd_m=ATVPDKIKX0DER&amp;pf_rd_r=M4DZCPJPPWV9DQH8H4RH"><img alt="Amazon-Stronger-Together-Ratings" class="size-full wp-image-3704884 aligncenter" src="http://www.wnd.com/files/2016/09/Amazon-Stronger-Together-Ratings.jpg" style="width: 300px; height: 288px;" /></a> </p><p><a href="http://wnd.com/2016/09/hillarys-stronger-together-savaged-on-amazon/">WND reported earlier the five-star ratings came from those like Paul Zhu,</a> who called it &ldquo;a very inspirational and fair minded book,&rdquo; and &ldquo;Amazon customer,&rdquo; who ranted, &ldquo;You all suck and are trolls.&rdquo;</p> <p>The book&rsquo;s promotion states: &ldquo;For more than a year, Hillary Clinton has laid out an ambitious agenda to improve the lives of the American people and make our country stronger and safe. &lsquo;Stronger Together&rsquo; presents that agenda in full, relating stories from the American people and outlining the Clinton-Kaine campaign&rsquo;s plans on everything from apprencticeships to the Zika virus.&rdquo;</p> <p><img alt="Clinton-Stronger-Together" class="alignright wp-image-3705024" height="380" src="http://www.wnd.com/files/2016/09/Clinton-Stronger-Together.jpg" width="287" /> </p><p><u><strong>The reviews dripped sarcasm,</strong></u> both before the Amazon edits to the reviews and after.</p> <p><em><strong>&ldquo;I bought this thinking it would be a how-to book. I wanted &lsquo;How to set up your own Foundation for fun and profit.&rsquo; Also, would like to have seen a chapter on &lsquo;Ten easy steps to setting up your own secure server in a bathroom,&#39;&rdquo; </strong></em>wrote Elaine.</p> <p>&ldquo;Not only no but hell no. I&rsquo;d rather read Mein Kampf,&rdquo; said Anthony Messina.</p> <p>Another anonymous Amazon Customer wrote, <strong><em>&ldquo;not worth it.&rdquo;</em></strong></p> <p>Yeliya said,<em><strong> &ldquo;Don&rsquo;t waste your time and money on this book full of lies.&rdquo;</strong></em></p> <p>Cross Locket said, &ldquo;I am now on Hillary&rsquo;s watch list for rating this disgusting book &lsquo;1 star.&#39;&rdquo;</p> <p>Alei said,<em><strong> &ldquo;Trash, farce, fairytale.&rdquo;</strong></em></p> <p>Chjhores said: &ldquo;Pre-ordered an autographed copy but had to return it after this week&rsquo;s announcement as I was worried it was contaminated with pneumonia bacteria. I didn&rsquo;t want to end up exposed to the illness like her grandkids in Chelsea&rsquo;s apartment she was playing with on 9/11 after she collapsed, or the little girl she was hugging in the street afterwards. Thought about ordering the Kindle version but I thought it might open my device up to being hacked by communist countries. I wasn&rsquo;t too surprised to see Tim Kaine on the front cover giving the traditional National Socialist salute, I felt it fitting. Strongly recommended for those who believe the USA isn&rsquo;t anything special and should be more like the peaceful utopias of North Korea, Iran, or Cuba.&rdquo;</p> <p>And kpm said, &ldquo;Imagine my dismay when key parts of her life were omitted, would have made for far better reading if she had included all of the below starting with flunking the D.C. Bar Exam to:</p> <ul> <li>Was removed from her House Judiciary Committee staffer job because of incompetence and lying.</li> <li>The Whitewater scandal.</li> <li>Married a serial liar and cheater, who occasionally had sexual encounters with nonconsenting partners.</li> <li>Lied about &ldquo;sniper fire&rdquo; in an attempt to simulate exposure to danger in a war zone.<br />The subject of a &ldquo;vast right-wing conspiracy&rdquo; that led to the impeachment and disbarment of her husband</li> <li>Took crockery, furniture, artwork and other items from the White House &mdash; had to return and/or pay for them.</li> <li>Said &ldquo;what difference, at this point, does it make&rdquo; about four brave people killed in Libya as a direct result of her failure to protect them on the anniversary of 9/11.</li> <li>Totally ignored the structure and rules for the handling of sensitive national security information.</li> <li>Amassed a personal fortune with &ldquo;speaking fees&rdquo; and payments from private sector political donors and foreign governments into transparent &ldquo;foundations&rdquo; in obvious exchange for future political favor.</li> </ul> <p><strong>Nearly 1,500 people found that review &ldquo;helpful.&rdquo;</strong></p> <p>But more than 3,400 found helpful the comments from Daniel B.:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&ldquo;I was going to read this book &hellip; I really was. But just as I got started, I found myself under sniper fire, passed out, and fell and hit my head. After that I got double vision and had to wear glasses that were so damn thick I couldn&rsquo;t even see to read. As if that wasn&rsquo;t enough, I then had an allergic reaction to something and started coughing so hard I spit out what looked like a couple of lizard&rsquo;s eyeballs, my limbs locked up, and I passed out and fell down again, waking up only to find out I had been diagnosed with pneumonia 2 days earlier. Somehow I managed to power through it all, but it&rsquo;s a good thing I was able to make a small fortune on this random small trade in the commodities market (cattle futures or some such thing) and then, miracle of all miracles, a few banks offered me a few million to just talk to their employees for a few minutes &ndash; and all that really helped out because I swear I was dead broke and couldn&rsquo;t figure out how I was gonna come up with the 6 bucks to pay for this book, let alone pay the $1,500 for my health insurance this month. I still want to read it, but, honestly, what difference at this point does it make? I hear it sucks anyway.&rdquo;</p> </blockquote> <p><a href="https://www.amazon.com/Hard-Choices-Hillary-Rodham-Clinton/dp/1476751471/ref=pd_sim_14_3?ie=UTF8&amp;pd_rd_i=1476751471&amp;pd_rd_r=TH83J4EPDVH14RYGXPC4&amp;pd_rd_w=PINSB&amp;pd_rd_wg=tiwqS&amp;psc=1&amp;refRID=TH83J4EPDVH14RYGXPC4">Clinton&rsquo;s 2015 book, &ldquo;Hard Choices,&rdquo; received an average of only three stars</a> despite garnering 2,460 customer reviews.</p> <p><strong>Some screen captures of the &ldquo;Stronger Together&rdquo; reviews:</strong></p> <p><img alt="Clinton-Amazon-reviews" class="aligncenter size-full wp-image-3705054" height="586" src="http://www.wnd.com/files/2016/09/Clinton-Amazon-reviews.jpg" width="600" /></p> <p><img alt="Clinton-Amazon-reviews2" class="aligncenter size-full wp-image-3705064" height="620" src="http://www.wnd.com/files/2016/09/Clinton-Amazon-reviews2.jpg" width="600" /></p> <p>&nbsp;</p> <p><img alt="Clinton-Amazon-reviews3" class="aligncenter size-full wp-image-3705114" height="604" src="http://www.wnd.com/files/2016/09/Clinton-Amazon-reviews3.jpg" width="600" /> </p><p>&nbsp;</p> <p><img alt="Clinton-Amazon-reviews4" class="aligncenter wp-image-3705184" height="447" src="http://www.wnd.com/files/2016/09/Clinton-Amazon-reviews4.jpg" width="600" /> </p><p><u><strong><a href="http://wnd.com/2016/05/washpo-explains-its-20-man-army-dishing-dirt-on-trump/">WND also has documented Bezos&rsquo; interest in the election outcome</a>, with the Post&rsquo;s army of investigators looking into Trump&rsquo;s life.</strong></u></p> <p><a href="http://www.wnd.com/2016/05/amazon-ceo-orders-20-man-army-to-dig-up-dirt-on-trump/">As WND reported this summer</a>, Washington Post associate editor Bob Woodward told the National Association of Realtors Convention in Washington Wednesday: &ldquo;There&rsquo;s a lot we don&rsquo;t know. We have 20 people working on Trump. We&rsquo;re going to do a book. We&rsquo;re doing articles about every phase of his life.&rdquo;</p> <p>Woodward said he has been investigating Trump&rsquo;s real-estate deals in New York.</p> <p>&ldquo;The New York real-estate world is more complex than the CIA,&rdquo; he said.</p> <p>He also claimed the Washington Post is seeking to get the &ldquo;essence&rdquo; of Hillary Clinton. But, despite an active FBI probe into the issue, Woodward dismissed concern about Hillary&rsquo;s use of a private email server to send classified information, according to <a href="http://www.wnd.com/2016/05/amazon-ceo-orders-20-man-army-to-dig-up-dirt-on-trump/">the Washington Examiner</a>.</p> <p>At the time, WND asked the Washington Post:<strong><em> &ldquo;Exactly how large is the team your paper has tasked with thoroughly investigating Hillary Clinton&rsquo;s background and associations? Are there at least 20 people tasked specifically with digging through her past and finding details in &lsquo;every phase&rsquo; of her life?&rdquo;</em></strong></p> <p>Washington Post Vice President of Communications and Events Kristine Coratti told WND that Woodward was referring to a large team of two-dozen reporters and researchers working on &ldquo;a special book project&rdquo; examining Trump&rsquo;s life.</p> <p><em><strong>Why a book on Trump and not <a href="http://www.wnd.com/2015/05/here-they-are-hillarys-22-biggest-scandals-ever/">Hillary and her 22 biggest scandals</a>?</strong></em></p> <div class="wp-caption aligncenter" id="attachment_3172344" style="width: 606px;"><img alt="Hillary Clinton" class="size-full wp-image-3172344" height="283" src="http://www.wnd.com/files/2016/04/hillary_clinton3.jpg" width="596" /></div> <p><em>&ldquo;[W]e have years and years of reporting on Hillary Clinton to draw from, including her last presidential campaign, her time as secretary of state, and her position as U.S. senator,&rdquo; Coratti explained. &ldquo;Because Trump&rsquo;s involvement in political life is far more limited, the Post newsroom decided to embark on a book as a special project. In order to complete the book in a timely fashion, reporters from throughout the newsroom have been assigned to work for a brief period on particular aspects of his life and career.&rdquo;</em></p> <p>The one-star reviews for the Clinton book also continued. Just Thursday afternoon, Jimsdun wrote: <strong><em>&ldquo;Well I&rsquo;m disappointed. This doesn&rsquo;t tell me how to create a faux charitable foundation and then use it for money laundering.&rdquo;</em></strong></p> </div> <p>&nbsp;</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="491" height="273" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20160825_amzn.jpg?1474817817" /> </div> </div> </div> http://www.zerohedge.com/news/2016-09-25/amazon-tweaks-its-hillary-book-stats-doubles-5-star-reviews-overnight#comments B+ Bernie Sanders Donald Trump FBI Iran national security New Normal New York Times Nomination North Korea ratings Reality White House Sun, 25 Sep 2016 15:50:00 +0000 Tyler Durden 573145 at http://www.zerohedge.com If You're A Kid Living In New Orleans, Move To Salt Lake City! http://www.zerohedge.com/news/2016-09-25/if-youre-kid-living-new-orleans-move-salt-lake-city <p><strong>In the long-standing psychology debate on nature versus nurture, the question is whether it is our genes or our experiences that hold the keys to our future.</strong></p> <p><a href="http://www.visualcapitalist.com/how-cities-impact-future-incomes/"><em>As Visual Capitalist&#39;s Jeff Desjardins notes,</em></a> the short answer to this question, according to many of today&rsquo;s scientists and psychologists, is that<strong> nature and nurture are always working together</strong>. In other words, genes do what they do depending on their context, and nature and nurture work to influence each other constantly.</p> <p>In other words, our family experiences, households, and neighborhoods can set the stage for how our genes react. <strong>And on a macro level, looking at cities can tell us a lot about how our environments can help to influence future outcomes.</strong></p> <h2><u>A TALE OF TWO CITY TYPES</u></h2> <p>Today&rsquo;s chart pulls out some of the most compelling data from a&nbsp;<a href="http://www.equality-of-opportunity.org/images/nbhds_paper.pdf">2015 report</a>&nbsp;on intergenerational mobility.</p> <div style="clear:both"><a href="http://www.visualcapitalist.com/how-cities-impact-future-incomes/"><img src="http://2oqz471sa19h3vbwa53m33yj.wpengine.netdna-cdn.com/wp-content/uploads/2016/09/cities-childhood-future-income.jpg" style="border-width: 0px; border-style: solid; height: 555px; width: 600px;" /></a></div> <div><em>Courtesy of: <a href="http://www.visualcapitalist.com">Visual Capitalist</a></em></div> <p>The report studies five million families that have moved between counties in the United States,<u><strong> ultimately showing that there is a &ldquo;childhood exposure effect&rdquo; in cities that helps to predict future income levels as adults.</strong></u> Put another way, some cities are better than others in helping kids move &ldquo;up the ladder&rdquo; by accessing opportunities that later affect income. On balance, other places provide a tougher environment that makes it harder.</p> <p><em>In this case, it should be noted that our above chart specifically deals with the city &ldquo;bonuses&rdquo; or &ldquo;penalties&rdquo;, expressed as an annual dollar amount for every year exposed to a city&rsquo;s environment, on the future earnings of children in low-income families (25th percentile).</em></p> <h2><u>DIGGING INTO CITY DATA</u></h2> <p><strong>On an individual level, a person can of course succeed or fail regardless of their family or neighborhood. </strong>This happens all the time, and there are countless examples of rags-to-riches stories.</p> <p>The concern highlighted by this study is that, on the whole, there is a significant disparity between cities as far as predicting future income goes. <strong>Growing up for an entire childhood in New Orleans or Los Angeles, on average, means that future income will be lower </strong>than the national median. <strong>In Salt Lake City or Boston, it&rsquo;s likely to be higher than the national median.</strong></p> <p>The &ldquo;bonuses&rdquo; and &ldquo;penalties&rdquo; add up. For example, <u><strong>spending an entire childhood in New Orleans is estimated to lower future income to -$3,150 below the national median.</strong></u></p> <p><em>Cities in the Northeast seem to have the most mixed bag of &ldquo;place effects&rdquo;. New York, Philadelphia, and Buffalo have negative effects, while Boston and Washington, D.C. are both positive.</em></p> <p><em>Meanwhile, the Southeast, Midwest, and Southwest all see a similar negative effect through major cities. Minneapolis and Pittsburgh are exceptions to this rule.</em></p> <p><em>Finally, cities in the West appear to mostly have positive effects, with the exception of Los Angeles and Fresno (not on map).</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="1040" height="783" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20160825_move.jpg?1474816101" /> </div> </div> </div> http://www.zerohedge.com/news/2016-09-25/if-youre-kid-living-new-orleans-move-salt-lake-city#comments Fail New Orleans Washington D.C. Sun, 25 Sep 2016 15:14:10 +0000 Tyler Durden 573142 at http://www.zerohedge.com "Home Prices Are Out Of Hand Again" http://www.zerohedge.com/news/2016-09-25/home-prices-are-out-hand-again <p><em>By Bloomberg strategist Christopher Maloney </em></p> <p><strong>Home Prices Are Out Of Hand Again</strong><em><br /></em></p> <p>U.S. home prices appear to be getting out of hand again as the gap between home price growth and household real income growth is close to where it was just before the housing collapse.</p> <p>It’s also notable, and worrying, that the housing market is back in a “flipping frenzy” with non-bank actors climbing aboard to fund the speculation.</p> <p><strong>Since 1999 year-end through 2015 home prices have risen 76% while household mean real income has grown less than 2%; </strong>the millennium-to-date gap between the two growth rates peaked at 84% during 2005-2006 and has risen back to 74% as of 2015 year-end. <strong>Gap at year-end 2007 was 75%.</strong></p> <p>This millennium through 2015 has seen average new and existing home sale prices rise 84% and 55%, respectively, despite the lack of income growth.</p> <p>Existing and new home sales average prices peaked at $280.2k in June 2015 and $384k in Oct. 2014, respectively; both peaks exceeded levels seen during housing boom.</p> <p>Over the same period outstanding home mortgage debt has risen 14%, though it’s notable that with the end of easy mortgage credit it has fallen 11% from its June 2008 peak.</p> <p>Concurrent with this 11% fall, <strong>the homeownership rate (63.8% at 2015 year-end) has slid back to levels last seen in the mid-1960s.</strong></p> <p>Monthly U.S. single-family home price y/y growth hit a post-crisis peak of 10.85% in Oct. 2013 and has since leveled off at ~5% each month since July 2015; <strong>this is still easily outpacing growth in real income.</strong></p> <p>The disconnect between home price growth and the lack of real income growth has led homebuilders’ to turn to the higher-end of the market and for Ginnie Mae to take the lead in mortgage lending.</p> <p>GNMA offers taxpayer-guaranteed loans to first-time homebuyers who have lower credit scores and smaller down payments than those who obtain loans through Fannie Mae or Freddie Mac.</p> <p>Whereas from 2005-2007 GNMA pct share of net MBS issuance was ~2% each year, during 2014, 2015 and 2016 YTD it is ~67%, according to BofAML data.</p> <p>Another severe downturn in home prices would be unlikely to play out in the agency MBS market in like manner to 2007-2008 <strong>as the Fed now holds ~33% of the outstanding universe and the U.S. taxpayer now guarantees almost all of the market with Fannie and Freddie remaining under government conservatorship</strong>.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/09/20/franklin%20raines.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/09/20/franklin%20raines_0.jpg" width="500" height="235" /></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="850" height="400" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/franklin%20raines.jpg?1474813230" /> </div> </div> </div> http://www.zerohedge.com/news/2016-09-25/home-prices-are-out-hand-again#comments Agency MBS Fannie Mae Freddie Mac Ginnie Mae Homeownership Rate Housing Market New Home Sales Sun, 25 Sep 2016 14:32:52 +0000 Tyler Durden 573141 at http://www.zerohedge.com Saudis Offer To Cut Production By 500,000 Barrels: "The Oil Market Situation Is Much More Critical" http://www.zerohedge.com/news/2016-09-25/saudis-offer-cut-production-500000-barrels-oil-market-situation-much-more-critical <p>Saudi Arabia's oil policy, unveiled just under two years ago, at the November 2014 OPEC meeting where it effectively splintered the OPEC cartel by announcing it would produce excess quantities of oil in hope of putting shale and other high-cost producers out of business has backfired spectacularly: not only has OPEC failed to crush the US shale industry, which as a result of increasing efficiencies, and debt-for-equity exchanges has seen its all in production costs tumble, making even far cheaper oil prices profitable (especially with the addition of hedges), not to mention Wall Street's ravenous desire to buy any debt paper that offers even a modest yield allowing US oil producers to delay or outright avoid bankruptcy. </p> <p>But while shale has avoided annihilation, it is Saudi Arabia that has been suffering. In "<a href="http://www.wsj.com/articles/kingdom-comedown-falling-oil-prices-shock-saudi-middle-class-1474623003">Kingdom Comedown: Falling Oil Prices Shock Saudi Middle Class</a>", the <a href="http://www.wsj.com/articles/kingdom-comedown-falling-oil-prices-shock-saudi-middle-class-1474623003">WSJ reports </a>that "a sharp drop in the price of oil, Saudi Arabia’s main revenue source, has forced the government to withdraw some benefits this year—<strong>raising the cost of living in the kingdom and hurting its middle class, a part of society long insulated from such problems</strong>."</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>The kingdom is grappling with major job losses among its construction workers—many from poorer countries—as some previously state-backed construction companies suffer from drying up government funding. Those spending cuts are now hitting the Saudi working middle class. </p> <p>&nbsp;</p> <p>Saudi consumers in major cities, the majority of them employed by the government, have become more conscious about their spending in recent months, said Areej al-Aqel from Sown Advisory, which provides financial-planning services for middle-class individuals and families. That means cutting back on a popular activity for most middle-class Saudis: dining out. </p> <p>&nbsp;</p> <p>“Most people are ordering less food or they change their orders to more affordable options,” she said.</p> </blockquote> <p><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/09/20/saudi%20kingdom%20come_0.jpg" width="500" height="483" /></p> <p>&nbsp;</p> <p>We have previously documented the soaring interbank funding costs and plunging bank stock prices, but that's just part of it: Saudi's entire economy is suddenly collapsing. To boost state finances, Saudi Arabia cut fuel, electricity and water subsidies in December, after posting a record budget deficit last year. It also plans to cut the amount of money it spends on public wages and raise more non-oil revenue by introducing taxes. But in response to these moves, <strong>inflation more than doubled from last year to about 4% now, crimping consumers even more.</strong></p> <p>Making matters worse, Saudis are beginning to speak out about a sense of anxiety about the economy. “I think we are going through a difficult period,” said Emad al-Majed, a Riyadh-based pharmacy technician. “<strong>There will be suffering.</strong>”</p> <p>Which is probably why as OPEC prepares for an "informal" meeting in Algiers this week, Saudi Arabia is now officially panicking and, according to Algeria's oil minister is prepared to slash its production by as much as half a million barrels.</p> <p>As <a href="http://www.bloomberg.com/news/articles/2016-09-25/algeria-sees-oil-market-in-critical-shape-ahead-of-opec-talks?utm_content=business&amp;utm_campaign=socialflow-organic&amp;utm_source=twitter&amp;utm_medium=social&amp;cmpid%3D=socialflow-twitter-business">Bloomberg reported</a>, Saudi Arabia offered to cut its oil output to January levels, according to Algeria’s energy minister, as the group’s members seek ways to stabilize crude prices at talks this week in Algiers.“Saudi Arabia is ready to freeze production at the January level,” Boutarfa said, calling the offer “an interesting step.” <strong>Saudi Arabia pumped a record 10.69 million barrels a day in August compared with 10.2</strong> million in January, data compiled by Bloomberg show. </p> <p>Fellow OPEC member Algeria wants the group to cut its collective output by 1 million barrels a day, Boutarfa said. </p> <p>However, for that to happen, Iran would have to agree to curb its output at current levels, which is precisely the intent of Saudi Arabia, which went into a production spree in the past few months, just so it can appear to be "generous" with its production cut offer which will keep the Kingdom's output just shy of all time high supply, while impairing Iran's ability to capture further market share, mostly in India, Japan and various other Asian importers. </p> <p>The oil market is in a “much more critical” state than when the Organization of Petroleum Exporting Countries last met three months ago, and its members must seek ways to shore up crude, possibly by freezing or trimming production, Noureddine Boutarfa, said Sunday in an interview. Aside from the Saudis, producers have made additional proposals, he said later at a news conference, without giving details. OPEC ministers plan talks in the Algerian capital on Sept. 28.</p> <p>What until recently was sound assurances that the global market would return to balance as soon as, well, a few months ago remains oversupplied by as much as 1 million barrels if not more. According to Bloomberg, more than 800,000 barrels a day of additional crude is <strong>flooding into the global market this month compared with August as Russia pumps at an all-time high and Libya and Nigeria restore disrupted supplies</strong>, according to statements from their ministry officials in those nations. The surplus will last for longer than previously thought, <strong>persisting into late 2017 as demand growth slumps courtesy of a suddenly plunge in Chinese teapot refinery demand, as well as a slowdown in Chinese imports to fill the country's almost full strategic petroleum reserve, while supply - mostly out of the US - proves resilient</strong>, the International Energy Agency said. Tumbling crude has put financial pressure on OPEC members from Saudi Arabia to Gabon. </p> <p>In fact, some calculate that even an 800,000 barrel cut would not be sufficient to bring the market back into balance. </p> <p>Meanwhile, it is not just Saudi Arabia who is panicking: “<strong>The situation since the last meeting in June has worsened, the situation is much more critical</strong>,” said Boutarfa, who’s been involved in talks with Saudi Arabia and other members in the run-up to the meeting. “So it’s important to see what measures can be adopted in the short term and very short term to find a solution to this situation that isn’t helping any OPEC country.”</p> <p>That said, it's all up to Iran which however resolutely refuses to cut production knowing it can easily capture market share - from Saudi Arabia at that - even if the price of oil remains under pressure and capping maximum potential revenues.</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>Saudi Arabia and Iran, whose rivalry blocked a deal with other major producers in April, did not reach an agreement after two days of preparatory talks in Vienna, including a Saudi offer to pump less crude if Iran caps output at current levels, according to two people familiar with the negotiations. Saudi Arabia doesn’t anticipate any formal decision on supply in Algiers, a delegate familiar with its policy said. </p> <p>&nbsp;</p> <p>The main difference between the Algiers talks and producers’ failed attempt to agree on a freeze in April in Doha is that Iran will be present for this week’s discussions, Boutarfa said. Iran is more concerned with its market share than with actual output levels, he said. </p> <p>&nbsp;</p> <p>OPEC’s talks in Algiers will be informal but can be converted into an extraordinary meeting, which could result in a decision by the group, Boutarfa said.</p> </blockquote> <p>While odds of a deal in Algiers are virtually nil, keep an eye on oil vol: with a barrage of "headlines" (mostly from anonymous Reuters "sources") imminent, the only guarantee move is that oil will move dramatically higher and lower in the next three days. </p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="1280" height="853" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/saudi%20shopping.jpg?1474811741" /> </div> </div> </div> http://www.zerohedge.com/news/2016-09-25/saudis-offer-cut-production-500000-barrels-oil-market-situation-much-more-critical#comments Budget Deficit Crude headlines India International Energy Agency Iran Japan Market Share OPEC Reuters Saudi Arabia Sun, 25 Sep 2016 13:55:44 +0000 Tyler Durden 573140 at http://www.zerohedge.com China Is Cracking Down On Shadow Banking, But One European Country Is Encouraging It http://www.zerohedge.com/news/2016-09-25/china-cracking-down-shadow-banking-one-european-country-encouraging-it <p>When you hear about Shadow Banking, most people still associate it with dodgy Chinese schemes where more and more financial transactions were conducted outside of the normal and regulated banking system. In a <a href="https://secularinvestor.com/renewed-optimism-china-bodes-well-commodities/112095/">previous column</a>, we already briefly discussed how the Chinese shadow banking system had an impact on the copper price.</p> <p> The scheme was actually pretty simple, and was aimed at maximizing the potential profits on borrowed money as even though copper importers in China received letters of credit valid for 3-6 months, the purchased copper was immediately sold on the domestic market, meaning the importer basically had a ‘free’ line of credit as it could invest the proceeds from the copper sales before having to repay the money drawn down from the letter of credit. </p> <p> China has been trying to reduce the size of the shadow banking sector, and we argued this was one of the main reasons for the copper price weakness. As the world economy is correlated with how China is doing, the world is obviously keeping a close eye on the Chinese policies, and several first world countries blamed the Chinese regulators for letting things escalate. </p> <p> But the truth is, the shadow banking issue is much more wide-spread than just China. Sure, the Chinese situation escalated pretty quickly, so it attracted more (unwanted) attention, but let’s have a look at how the shadow banking system is working elsewhere in the world. There is very little doubt peer to peer lending, which is essentially the basis of any shadow banking system, is booming and crowdfunding websites and simple P2P websites are popping up everywhere. </p> <p> <a href="https://secularinvestor.com/gold-guide/" rel="attachment wp-att-112149"><img src="https://secularinvestor.com/wp-content/uploads/2016/09/shadow-banking-1.jpg" alt="shadow-banking-1" width="599" height="425" style="display: block; margin-left: auto; margin-right: auto;" class="aligncenter size-full wp-image-112149" /></a> </p> <p> Source: ECB </p> <p> According to a recent <a href="https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1943.en.pdf">working paper</a> of the European Central Bank,&nbsp; the total assets of the shadow banking systems in both the Eurozone and the USA are increasing. Unfortunately the most recent data are limited to the end of 2014, but in the 12 years leading to 2014, the total assets of the shadow banking ‘system’ increased by no less than 30 trillion Dollar! Interestingly, the ECB research indicates the shadow banking grows faster during a period of economic stability. On the one hand this definitely makes sense, as lenders will be willing to take more risk, but on the other hand one could argue the shadow banking system proves its value when the commercial banks are ‘closed for business’, and peer to peer lending could be seen as some sort of measure of last resort. </p> <p> What’s even more interesting is the fact the same working paper describes the shadow banking system as having a ‘potential destabilizing impact on the financial sector as a whole’ because ‘the shadow banking system grows to a size where purchases by traditional banks are insufficient to prevent a fire-sale in the case of its liquidation’ (quoted verbatim from the paper). </p> <p> Indeed, plenty of reasons to be(come) very worried here, and you’d think the national regulators and supervising bodies would be keen to try to ‘fix’ this issue by making stricter rules. Surprisingly, China is actually the frontrunner here as the country has recently <a href="http://www.bloomberg.com/news/articles/2016-08-24/china-imposes-caps-on-p2p-lending-to-curb-shadow-banking-risk">imposed limits</a> on peer to peer lending platforms. Private borrowers are now maxed out at 1 million Yuan, with a limit of 200,000 Yuan per lending platform. That’s a first step to try to ease the market again after one of the country’s internet-based <a href="http://www.independent.co.uk/news/world/asia/ezubo-scam-popular-online-peer-to-peer-lender-leaves-900000-chinese-investors-52m-out-of-pocket-a6863786.html">lenders defrauded almost 1 million ‘clients’</a>, with a total loss of almost $8B. </p> <p> This probably won’t be the only major default, as according to the China Banking Regulatory Commission, 1,778 of the 2,349 online lenders could be described as problematic, so something will have to be done. </p> <p> You’d think the Western world would keep a very close eye on the developments in China, and the problems created by the shadow banking system there. You would also think the western countries would put a limit on peer to peer lending as well, but that couldn’t be further away from the truth. In the United Kingdom, for instance, is the relative size of the shadow banking industry continuously increasing, taking up to <a href="http://www.bankofengland.co.uk/research/Documents/workingpapers/2016/swp598.pdf">30%</a> of the total financial assets in the country. </p> <p> <a href="https://secularinvestor.com/gold-guide/" rel="attachment wp-att-112150"><img src="https://secularinvestor.com/wp-content/uploads/2016/09/shadow-banking-2.jpg" alt="shadow-banking-2" width="599" height="325" style="display: block; margin-left: auto; margin-right: auto;" class="aligncenter size-full wp-image-112150" /></a> </p> <p> Source: Bank of England </p> <p> Not only is this quite an alarming level, you’d also think the UK would try to put a cap on peer to peer lending, but that couldn’t be further from the truth. In reality, the government is now actually starting to support peer to peer lending by allowing it to be used on a <a href="https://www.ft.com/content/ca031c46-dcb6-11e5-827d-4dfbe0213e07">tax-free basis</a> in the so-called <a href="http://www.nationwide.co.uk/products/isas/isas-explained">ISA</a>’s (Individual Savings Account), where P2P lenders are ‘guaranteeing’ certain returns on peer to peer lending. </p> <p> <a href="https://secularinvestor.com/gold-guide/" rel="attachment wp-att-112151"><img src="https://secularinvestor.com/wp-content/uploads/2016/09/shadown-banking-3.jpg" alt="shadown-banking-3" width="599" height="811" style="display: block; margin-left: auto; margin-right: auto;" class="aligncenter size-full wp-image-112151" /></a> </p> <p> Source: Bank of England </p> <p> The shadow banking problem might be more wide-spread than originally anticipated, and it’s shocking to see how some western governments are even encouraging peer to peer lending by making the proceeds and interest income tax free. And this could potentially prove to be a bigger risk than the systemic risk of the banking sector. After all, in peer to peer lending schemes, there usually is no collateral, and even if there is, it will be more difficult to collect and monetize the collateral, making investors worse off. </p> <p> <a href="https://secularinvestor.com/gold-guide/">Shadow Banking could harm your wealth. Read our Guide to Gold and protect yourself!</a> </p> <p>&nbsp;</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p><em>Secular Investor offers a fresh look at investing. We analyze long lasting cycles, coupled with a collection of strategic investments and concrete tips for different types of assets. The methods and strategies are transformed into the&nbsp;<strong><a href="https://secularinvestor.com/gold-silver/">Gold &amp; Silver Report</a></strong>&nbsp;and the&nbsp;<strong><a href="https://secularinvestor.com/commodities">Commodity Report</a></strong>.<br /></em></p> </blockquote> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>Follow us on&nbsp;<strong>Facebook&nbsp;<a href="https://www.facebook.com/SecularInvestor">@SecularInvestor</a>&nbsp;[NEW]</strong>&nbsp;and&nbsp;<strong>Twitter&nbsp;<a href="https://twitter.com/SecularInvest">@SecularInvest</a></strong></p></blockquote> http://www.zerohedge.com/news/2016-09-25/china-cracking-down-shadow-banking-one-european-country-encouraging-it#comments Bank of England China Copper default European Central Bank Eurozone Reality Shadow Banking Twitter Twitter United Kingdom Yuan Sun, 25 Sep 2016 13:30:40 +0000 Secular Investor 573139 at http://www.zerohedge.com Charlotte Police Release Mugshots Of Captured Looters As Protests Continue For Fifth Night http://www.zerohedge.com/news/2016-09-25/charlotte-police-release-mugshots-captured-looters-protests-continue-fifth-night <p>Following the <a href="http://www.zerohedge.com/news/2016-09-24/charlotte-police-plan-release-keith-scott-body-cam-footage-press-conference-live-fee">delayed release </a>of the Charlotte police dash and body-cam video footage of the fatal shooting of Keith Scott, there were concerns that violence and rioting would return to the cith of Charlotte, despite the recently imposed state of emergency and national guard deployment, leading to even more drastic violence. And while luckily that did not happen to the extent seen earlier in the week, protests showed no signs of abating on Sunday, after the police released videos showing the victim being shot but did not answer the question of whether he had a gun.</p> <p>Hundreds marched through the center of Charlotte on a fifth night of demonstrations that stretched into Sunday morning, including white and black families protesting police violence. One sign read “Stop police brutality” and another showed a picture of a bloody handprint with the phrase #AMINEXT, a social media tag about the fear of becoming a victim of police.</p> <p><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/09/20/charl%201_0.jpg" width="500" height="337" /></p> <p>Keeping tempers in check, for the first time in three nights, police enforced a curfew, saying they would arrest violators. A crowd gathered outside police headquarters dispersed without any violence shortly after midnight <a href="http://www.reuters.com/article/us-usa-police-idUSKCN11V045">Reuters reported</a>. </p> <p><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/09/20/charl%202_0.jpg" width="500" height="333" /></p> <p>Meanwhile, any hope that the video release would put the ongoing debate over Scott's shooting to rest, was dashed after Charlotte-Mecklenburg Police Chief Kerr Putney acknowledged that the videos themselves were "insufficient" to prove that Scott held a gun but said other evidence completed the picture. Both Scott's family and protesters have disputed the police statements that Scott was carrying a gun.</p> <p><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/09/20/charl%203_0.jpg" width="500" height="334" /></p> <p>“There is no definitive visual evidence that he had a gun in his hand,” Putney said. “But what we do see is compelling evidence that, when you put all the pieces together, supports that." </p> <p><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/09/20/charl%204_0.jpg" width="500" height="389" /></p> <p>Police said officers trying to serve an arrest warrant for a different person caught site of Scott with marijuana and a gun, sitting in a car in a parking lot. "They look in the car and they see the marijuana, they don’t act. They see the gun and they think they need to,” Putney said. </p> <p><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/09/20/charl%205_0.jpg" width="500" height="333" /></p> <p>As <a href="http://www.zerohedge.com/news/2016-09-24/charlotte-police-plan-release-keith-scott-body-cam-footage-press-conference-live-fee">reported last night</a>, Police released photos of a marijuana cigarette, an ankle holster they said Scott was wearing, and a handgun, which they said was loaded and had Scott's fingerprints and DNA. But Scott's family, which released its own video of the encounter on Friday, said the police footage showed the father of seven was not acting aggressively and that the police shooting made no sense, with no attempt to de-escalate the situation. The family video, shot by Scott's wife, was also inconclusive on the question of a gun.</p> <p>In one of the police videos, a dashboard-mounted camera from a squad car showed Scott exiting his vehicle and then backing away from it. Police shout to him to drop a gun, but it is not clear that Scott is holding anything. Four shots then ring out and Scott drops to the ground.</p> <p>A second video, taken with an officer's body camera, fails to capture the shooting. It briefly shows Scott standing outside his vehicle before he is shot, but it is not clear whether he has something in his hand. The officer then moves and Scott is out of view until he is seen lying on the ground.</p> <p><iframe src="https://www.youtube.com/embed/C6CIx0EWOcM" width="500" height="281" frameborder="0"></iframe></p> <p>While the public debate over why Scott was shot by the police will continue, marchers on Saturday evening focused their demands squarely on stopping police violence, after on previous evenings protesters' priority was release of police tapes. "No justice, no peace, no racist police," demonstrators chanted. </p> <p>Meanwhile, as the protesters and police remained at an impasse, the Charlotte Police department took to naming and shaming some of the many captured looters and rioters, who turned Charlotte into a warzone on the night of September 21 and 22.</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Detectives are working diligently to identify looting suspects, sign warrants and make arrests.This is their board of open cases. <a href="https://t.co/aTa4NjbBEw">pic.twitter.com/aTa4NjbBEw</a></p> <p>— CMPD News (@CMPD) <a href="https://twitter.com/CMPD/status/779885650787069952">September 25, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en">Khalil Wallace has been arrested, accused of hitting an officer with a wrench during a protest earlier this week. He faces felony a charge. <a href="https://t.co/oIduwL0KtC">pic.twitter.com/oIduwL0KtC</a></p> <p>— CMPD News (@CMPD) <a href="https://twitter.com/CMPD/status/779923175798894592">September 25, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en">Jayden Harrington and Shakiyla Green were arrested early this morning and charged in connection with damage and looting of Jimmy Johns. <a href="https://t.co/JYzIYUEAQd">pic.twitter.com/JYzIYUEAQd</a></p> <p>— CMPD News (@CMPD) <a href="https://twitter.com/CMPD/status/779904419865489408">September 25, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en">Arrested in connection with damage and looting at Buffalo Wild Wings: Marcellis McKenzie (9/15/86) <a href="https://t.co/q4SoOX3Z69">pic.twitter.com/q4SoOX3Z69</a></p> <p>— CMPD News (@CMPD) <a href="https://twitter.com/CMPD/status/779902540267810816">September 25, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en">Another suspect Identified and charged: Savanna Lee Jones is wanted in connection with the damage and looting at Jimmy John's. <a href="https://t.co/LWd8LmUBQj">pic.twitter.com/LWd8LmUBQj</a></p> <p>— CMPD News (@CMPD) <a href="https://twitter.com/CMPD/status/779476223097466880">September 24, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en">One of three identified so far -- Jamil Gill (4/15/1993) is wanted on numerous charges in connection with damage and looting at Jimmy Johns. <a href="https://t.co/LucvtvqVne">pic.twitter.com/LucvtvqVne</a></p> <p>— CMPD News (@CMPD) <a href="https://twitter.com/CMPD/status/779117815143997440">September 23, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en">One of three identified so far -- Daniel Baker is jailed on numerous charges in connection with damage and looting at Jimmy Johns. <a href="https://t.co/WAbhYHty0p">pic.twitter.com/WAbhYHty0p</a></p> <p>— CMPD News (@CMPD) <a href="https://twitter.com/CMPD/status/779114503610957825">September 23, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en">One of three identified so far! Dejuante Marina is wanted on numerous charges in connection with damage and looting at Jimmy Johns. <a href="https://t.co/VLxUIboGBR">pic.twitter.com/VLxUIboGBR</a></p> <p>— CMPD News (@CMPD) <a href="https://twitter.com/CMPD/status/779112432476315649">September 23, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en">Wanted on numerous charges in connection with damage and looting at Buffalo Wild Wings: Marcellis McKenzie. <a href="https://t.co/VXJtPVx0zz">pic.twitter.com/VXJtPVx0zz</a></p> <p>— CMPD News (@CMPD) <a href="https://twitter.com/CMPD/status/779107526583386112">September 22, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en">Identified and charged: Ian Bowzer of Charlotte is charged with damage to property in connection with doors kicked in at Hyatt House. <a href="https://t.co/kZF53YoCJQ">pic.twitter.com/kZF53YoCJQ</a></p> <p>— CMPD News (@CMPD) <a href="https://twitter.com/CMPD/status/779104390179332097">September 22, 2016</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="3000" height="415" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/charlotte%20riot%20teaser%27.jpg?1474809203" /> </div> </div> </div> http://www.zerohedge.com/news/2016-09-25/charlotte-police-release-mugshots-captured-looters-protests-continue-fifth-night#comments Reuters Twitter Twitter Sun, 25 Sep 2016 13:14:11 +0000 Tyler Durden 573138 at http://www.zerohedge.com Washington Mall Shooter Caught: Suspect Is 20 Year Old Turkish Immigrant http://www.zerohedge.com/news/2016-09-24/washington-mall-shooter-caught-suspect-allegedly-turkish-origin <p>Following last night's shooting at the Cascade Mall in Burlington, WA mall, when an unidentified gunman killed 5 then managed to slip away from authorities for nearly 24 hours, moments ago the Washington State Patrol tweeted that the shooter has, after a daylong manhunt, been captured.</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Gunman captured tonight by authorities, Details forthcoming, Press Conference tonight at 1800 Continental Pl. Time TBA</p> <p>— WA State Patrol (@wastatepatrol) <a href="https://twitter.com/wastatepatrol/status/779869955823112193">September 25, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>The man was arrested without incident, and is in custody, said Sgt. Keith Leary, of the Washington State Patrol.</p> <p>Below is a photo of the arrest courtesy of <a href="http://q13fox.com/2016/09/24/cascade-mall-shooting-person-of-interest-in-custody/">Q13fox</a></p> <p><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/09/14/cetin%20arrest_0.jpg" width="500" height="667" /></p> <p>As reported early this morning, the suspect fled the Cascade Mall after the deadly shooting at Macy’s. The motive behind his shooting is still not yet known. Authorities have not identified the victims, but local media said they ranged in age from mid-teens to mid-90s, and included a mother and her daughter.</p> <p>While the police previously described the mall shooter as Hispanic, the suspected gunman, <a href="https://www.facebook.com/Arcancetin">Arcan Cetin </a>of Oak Harbor, Washington, is originally from Turkey. Police said he was taken into custody without incident in Oak Harbor, some 30 miles (48 km) southwest of Burlington where the shooting occurred on Friday night.</p> <p><strong>Police described Cetin's demeanor when apprehended as "zombie like," and said he was unarmed.&nbsp; </strong>According to his facebook profile, Cetin was born in the Turkish city of Adana, but the police described his status as that of a "legal, permanent resident" in the United States.</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="in"><a href="https://twitter.com/hashtag/CascadeMallShooting?src=hash">#CascadeMallShooting</a> <br />Arcan Cetin <a href="https://t.co/gs3bykYBcv">pic.twitter.com/gs3bykYBcv</a></p> <p>— DeplorablesF????RTrump (@LHBOSSD) <a href="https://twitter.com/LHBOSSD/status/779870352801357824">September 25, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/09/14/arcan%20cetin%20fb.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/09/14/arcan%20cetin%20fb_0.jpg" width="500" height="640" /></a></p> <p>Several photos of Cetin's Myspace page were released on twitter, suggesting he had a fascination with weapons:</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">.<a href="https://twitter.com/ArcanCetin">@ArcanCetin</a>, from his Myspace page, when he was 50 pounds heavier: <a href="https://t.co/rC1ESJtiNb">pic.twitter.com/rC1ESJtiNb</a></p> <p>— Ezra Levant (@ezralevant) <a href="https://twitter.com/ezralevant/status/779874110071529472">September 25, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en">Another gun pic from <a href="https://twitter.com/ArcanCetin">@ArcanCetin</a>'s Myspace page: <a href="https://t.co/NYeFyIgiIs">pic.twitter.com/NYeFyIgiIs</a></p> <p>— Ezra Levant (@ezralevant) <a href="https://twitter.com/ezralevant/status/779874342695997441">September 25, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><blockquote class="twitter-tweet"> <p dir="ltr" lang="en">Another gun pic from <a href="https://twitter.com/ArcanCetin">@ArcanCetin</a> <a href="https://t.co/AoZGTINbLW">pic.twitter.com/AoZGTINbLW</a></p> <p>— Ezra Levant (@ezralevant) <a href="https://twitter.com/ezralevant/status/779874540272975872">September 25, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>Some more of his facebook pictures:</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Facebook pix from <a href="https://twitter.com/ArcanCetin">@ArcanCetin</a> <a href="https://t.co/Hf1zeeRBmv">pic.twitter.com/Hf1zeeRBmv</a></p> <p>— Ezra Levant (@ezralevant) <a href="https://twitter.com/ezralevant/status/779875458376753156">September 25, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>And then there was this odd tweet from January 2015:</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">We win I vote for Hillary Clinton</p> <p>— Arcan (@ArcanCetin) <a href="https://twitter.com/ArcanCetin/status/556955812896444416">January 18, 2015</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>... followed by this one from April, 2015</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">Country is for Republicans and confused Democrats.</p> <p>— Arcan (@ArcanCetin) <a href="https://twitter.com/ArcanCetin/status/590904720299950081">April 22, 2015</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>Police said what motivated Cetin's rampage remains unclear. The FBI said while they had no indication the attack was a "terrorism act," it could not be ruled out</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="600" height="450" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/cetin%201.jpg?1474772584" /> </div> </div> </div> http://www.zerohedge.com/news/2016-09-24/washington-mall-shooter-caught-suspect-allegedly-turkish-origin#comments FBI Turkey Twitter Twitter Sun, 25 Sep 2016 03:08:10 +0000 Tyler Durden 573131 at http://www.zerohedge.com Bill Clinton's Ex-Girlfriend, Gennifer Flowers, Confirms She Will "Definitely Be At The Debate" http://www.zerohedge.com/news/2016-09-24/following-trump-threat-gennfier-flowers-reportedly-confirms-debate-attendance <p>Following Trump&#39;s earlier tweet, &quot;If dopey Mark Cuban of failed Benefactor fame wants to sit in the front row, perhaps I will put Gennifer Flowers right alongside of him!&quot;; Bill Clinton&#39;s old girlfriend confirmed she will indeed be attending the debates on Monday.</p> <p>In response to Hillary Clinton giving Mark Cuban front row seats at the debate, Trump tweeted:</p> <blockquote class="twitter-tweet"><p dir="ltr" lang="en">If dopey Mark Cuban of failed Benefactor fame wants to sit in the front row, perhaps I will put Gennifer Flowers right alongside of him!</p> <p>&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/779729180334387200">September 24, 2016</a></p></blockquote> <script src="//platform.twitter.com/widgets.js"></script><p>As a reminder,<strong> Bill Clinton&nbsp;<a href="http://www.nytimes.com/1998/03/14/us/testing-president-accuser-jones-lawyers-issue-files-alleging-clinton-pattern.html">testified under oath</a>&nbsp;in 1998 that he had a sexual affair with Flowers</strong>.</p> <p>In his January 1998 deposition, the President, though finally confirming a sexual encounter with Ms. Flowers, was precise in denying Ms. Willey&#39;s report that he had sought to kiss her and feel her breasts in an encounter in his private dining room off the Oval Office.</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/09/23/20160924_gennifer.jpg"><img alt="" height="359" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/09/23/20160924_gennifer.jpg" width="499" /></a></p> <p>Trump said earlier this week that he did not plan to bring up the Clintons&rsquo; marriage at the debate.</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>&ldquo;I don&rsquo;t think I&rsquo;m looking to do that Bill. I don&rsquo;t know what I&rsquo;m going to do that exactly,&rdquo; Trump said during an interview on &ldquo;The O&rsquo;Reilly Factor.&rdquo; &ldquo;It depends on what level she hits you with, if she&rsquo;s fair, if it&rsquo;s unfair, but certainly I&rsquo;m not looking to do that.&rdquo;</p> </blockquote> <p>That may have changed, however. To be sure, Saturday isn&#39;t the first time Trump has referenced Bill Clinton&#39;s infidelity. He brought the former president&#39;s sex scandals into the campaign late last year around the time Hillary Clinton announced her husband would join her on the campaign trail. At the time, she had recently accused Trump of having a &quot;penchant for sexism&quot; over his charge that she had been &quot;schlonged&quot; in the 2008 primary.</p> <p>&quot;Hillary Clinton has announced that she is letting her husband out to campaign but HE&#39;S DEMONSTRATED A PENCHANT FOR SEXISM, so inappropriate!&quot; Trump tweeted in December. Trump later labeled Clinton &quot;one of the great women abusers of all time.&quot;</p> <p>Sure enough, just to make Monday&#39;s debate even more memorable, moments ago Gennifer Flowers confirmed she will be at the debate.</p> <blockquote class="twitter-tweet" data-lang="en"><p dir="ltr" lang="en">Hi Donald. You know I&#39;m in your corner and will definitely be at the debate!...????</p> <p>&mdash; Gennifer Flowers (@gennflowers) <a href="https://twitter.com/gennflowers/status/779764506146680832">September 24, 2016</a></p></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script><p>Grab your popcorn because the <em><strong>&quot;best. election. ever</strong></em>&quot; just got even better.</p> <p>&nbsp;</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="646" height="60" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/20160924_gennifer2_0.jpg?1474747551" /> </div> </div> </div> http://www.zerohedge.com/news/2016-09-24/following-trump-threat-gennfier-flowers-reportedly-confirms-debate-attendance#comments Sun, 25 Sep 2016 02:56:32 +0000 Tyler Durden 573109 at http://www.zerohedge.com