White House

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Obama Decrees Ban On Ammo For The Most Popular Rifle In America





Previously, the Obama administration attempted unsuccessfully to ban the AR-15. That didn’t work, so now Obama is going after the ammunition. This is yet another example of the war on preppers that is going on all over the nation. Whether you are a gun owner or not, this assault on our constitutional rights should disturb you greatly.

 
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Fed Independence Is A Joke, So Why Not Audit?





Nothing says limited government and separation of powers like a bureaucracy unaccountable to the voice of the people! Then again, Yellen doesn’t care much for democratic oversight. She’s a caricature of Randian libertarianism: someone who wants to do whatever, whenever, without rulers. The problem is Yellen isn’t operating a private railroad company. She’s the figurehead for a government institution created by Congress. If democracy means anything, it’s that voters have some measure of control over political bureaucracies.

 
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The Forgotten War – Understanding The Incredible Debacle Left Behind By NATO In Libya





"In retrospect, Obama’s intervention in Libya was an abject failure, judged even by its own standards. Libya has not only failed to evolve into a democracy; it has devolved into a failed state... As bad as Libya’s human rights situation was under Qaddafi, it has gotten worse since NATO ousted him."

 
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Senate Passes One-Week DHS-Funding Stop-Gap Bill, House Expected To Pass





With just hours to go until The Department of Homeland Security runs out of money at midnight, after failing to pass a longer-term stop-gap funding bill earlier in the evening, the Senate has managed to buy themselves a week before this whole farce is played over again:

SENATE PASSES ONE-WEEK DHS STOPGAP SPENDING BILL

House GOP Aides expect the one-week measure to pass with Democratic support.

 
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What Happens If The Department Of Homeland Security Shuts Down





As soon as tomorrow, the one part of the US government which to many is a manifestation of all that is broken with the current US "big brother" state of pervasive, ubiquitous surveillance and broken immigration policies, the Department of Homeland Security which was created in response to September 11, and which houses the agencies with jurisdiction over immigration law, the U.S. Immigration and Customs Enforcement (ICE), U.S. Citizenship and Immigration Services (USCIS) and U.S. Customs and Border Protection (CBP) may be shut down. Here is what happens next.

 
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From One Non-Profit To Another - Jay Carney Moves To Amazon





As one wit noted, it appears former White House Press Secretary Jay Carney is moving from one non-profit organization to another. As Politico reports, Carney joins Amazon on Monday as senior vice president for Worldwide Corporate Affairs - reporting directly to Jeff Bezos and topping current veteran PR Chief Paul Misener.

 
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Janet Yellen Is Freaking Out About "Audit The Fed" – Here Are 100 Reasons Why She Should Be





Janet Yellen is very alarmed that some members of Congress want to conduct a comprehensive audit of the Federal Reserve for the first time since it was created. During testimony this week, she made “central bank independence” sound like it was the holy grail. Even though every other government function is debated politically in this country, Janet Yellen insists that what the Federal Reserve does is “too important” to be influenced by the American people. Does any other government agency ever dare to make that claim? If the Fed is doing everything correctly, why should Yellen be alarmed? What does she have to hide?

 
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After Six Years In Office, Has Obama Seen "The Great Light"?





No; Mr. Obama has not seen “the great light,” remaining as blind in Middle East affairs as he has been in his belligerent, anti-Russia approach in Eastern Europe.  He, like Don Quixote, is still riding his Rocinante as he charges the windmills.  Saint Paul did see the great light and is now known as Apostle of the Gentiles.  As for Obama, given his present lackluster status, it’s unlikely he will be politically canonized, much less be known someday as Political Apostle of either Americans or Non-Americans.

 
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Stocks In Holding Pattern Following Blow-Off Top, Oblivious Of Fed's Warning Of "Stretched" Valuations





Following the first of two Janet Yellen testimonies to Congress, the market read between the lines of what the Fed Chairman said when she hinted that "the Fed needs confidence on recovery and inflation before beginning to raise rates" and realized that the case of a June rate hike is suddenly far less realistic than previously expected, as a result not only did we see another blowoff top in stocks to fresh all time highs, a move which sent the USD lower, has pushed the median EV/EBITDA multiple to the mid 11x (!) range and the forward PE to just shy of 18x ironically coming on a day when the Fed itself warned about "stretched" equity valuations, and led to brisk buying of global Treasurys across the board, pushing the 10 Year in the US back under 2%, and due to the global convergence trade (because if the Fed returns to QE, it will be forced to buy up Treasuries not just in the US but around the globe, since net issuance including CBs globally is now negative) and leading to today's German 5 Year bond auction pricing at a negative yield for the first time ever.

 
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President Obama Explains The "Changes" He'd Like To Make To Retirement Accounts - Live Feed





Speaking at AARP headqusrters in Washington, President Obama will announce orders to the Labor Department to write new rules for financial managers who handle retirement accounts for working Americans. As USA Today reports, The White House says the goal is to end "hidden fees that hurt consumers and back-door payments that help Wall Street brokers," deals that costs retirees billions of dollars in savings. White House officials said they want new fiduciary standards that would require financial advisers to put clients' interests ahead of their own... and "buy our bonds."

 
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Jeb Bush Believes Unconstitutional NSA Spying Is "Hugely Important"





Former Florida Gov. Jeb Bush, who is seriously considering a run for the White House in 2016, said Wednesday that the National Security Agency’s program that collects bulk telephone records was “hugely important,” throwing his support behind the practice as Congress debates whether to reauthorize or limit it. At an event on foreign policy hosted by the Chicago Council on Global Affairs, Mr. Bush, a Republican, said, “For the life of me, I don’t understand the debate” over the metadata program.

 
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The "War On Terror" Turns Inward – DHS Report Warns Of Right Wing Terror Threat





And so it begins... the intentional demonization of a growing segment of the U.S. population that rightly believes the government is run by a collective of thieving, corrupt, immoral sociopaths. Commingling dissent, violence and “right wing” ideology will be key in the ultimate division of government critics in these United States, and a successful attempt to scare people away from questioning a clearly degraded and parasitic status quo.

 
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Janet Yellen Spent More Time Meeting With Foreign Officials Than Members Of The White House





Back in January, the FOMC surprised many when in its statement is noted that in addition to financial it was also keeping tabs on "international developments" making many wonder just whose central bank the Fed is. Why Yellen's obsession with all things international? The answer may lie in Yellen's 2014 calendar, which the WSJ has parsed and found that of her 950 meetings from February to December (one wonders just when does the Fed chair actually do work outside of meeting rooms of course), the Fed chair spent more time conversing with foreign officials (68 meetings) than with members of the White House (51 meetings).

 
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