"Donald Trump’s overwhelming virtue is that he is not Hillary Clinton and does not carry a bulging 30-year old bag of bad ideas. Hillary’s ideas—–and those of the establishment for which she shills——about how to fix the coming economic and foreign policy crises, in fact, are so unequivocally and irremediably bad that it is not possible that there is anything worse."
"We know that Russian intelligence services hacked into the DNC and we know that they arranged for a lot of those emails to be released and we know that Donald Trump has shown a very troubling willingness to back up Putin, to support Putin."
All roads in and out of NATO's critical Incirlik Air Base located in Adana have been closed as Turkish Minister of European Affairs cautions that it is just a "safety inspection" while local newspapers speculate that a second coup attempt may be underway. According to Hurriyet, 7000 armed forces with heavy vehicles have surrounded and blocked off the airbase.
Because the main street economy is failing, the nation’s entitlement rolls have exploded. About 110 million citizens now receive some form of means tested benefits. When social security is included, more than 160 million citizens get checks from Washington. The total cost is now $3 trillion per year and rising rapidly. America’s entitlements sector, in fact, is the sixth biggest economy in the world.
Q2's US GDP growth data just crushed President Obama's 'fiction-peddling' that everything is awesome and those doom-and-gloom reality-pushers are cynical skeptics. Simply put, average annual growth rate during the current 'Obamanomics' business cycle remains the weakest of any expansion since at least 1949 leaving the orator-in-chief on track to be the only President in U.S. history to never have a single year when the economy grew by at least 3%.
This week, the headlines have been dominated by the Democratic National Convention pushing Janet Yellen’s latest FOMC non-action to 'page 6'. "Global instability is now the perma-excuse for the Fed.” The only question will be where that instability pops up next?
America’s about to endure the closest, nastiest, most unpredictable presidential election in more than three decades. Not since Jimmy Carter and Ronald Reagan ran against each other in 1980 has the choice been so stark, the warnings from each candidate about the other so dire, the likely outcome so murky. As this year’s political conventions end, there’s no clear favorite. But watch the polls next week. The leader in the first polls conducted entirely after the convention ends has won the White House every time since 1948.
China and Russia will hold "routine" naval exercises in the South China Sea in September, China's Defence Ministry said on Thursday, adding that the drills were aimed at strengthening their cooperation. "This is a routine exercise between the two armed forces, aimed at strengthening the developing China-Russia strategic cooperative partnership," China's defense ministry said. It then added "The exercise is not directed against third parties", while trying to hold back laughter.
According to Reuters, the FBI is probing a "cyber intrusion" at yet another Democratic organization, this time the Democratic Congressional Campaign Committee. The previously unreported incident at the DCCC, which raises money for Democrats running for seats in the U.S. House of Representatives, is said to have been intended to gather information about Democratic donors.
Despite pleading with his base to support Hillary, even though they’re concerned that she’s too moderate, Sanders will return to Vermont and to his seat in the Senate, and he’ll do it with no official party affiliation. "I was elected as an independent; I’ll stay two years more as an independent," Sanders, 74, said at the Bloomberg Politics breakfast on Tuesday.
In effect, America has undergone a rolling national LBO since the Gipper’s time in office; so the U.S. economy is now stuck in the ditch because it has leveraged itself to the hilt over the past three decades. The vast majority of Americans are no longer living the dream because Wall Street speculators and Washington politicians alike have led them into a debt-fueled fantasy world that is coming to a dead end.