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[AAPL] Microsoft: $40 Billion To Nowhere Published:9/19/2019 7:22:05 AM
[Entertainment] How to spot invasive plants and remove them from your yard Gardening expert William Moss explains everything you need to do to clear your yard of invasive weeds.
Published:9/19/2019 7:22:05 AM
[Right Column] ‘Trial of the century’ just poured cold water on ‘hockey stick’ legend Mann
Published:9/19/2019 7:22:05 AM
[d7e40f1a-7c2f-5e42-8d5a-6d400dc666b9] Megan Fox had 'breakdown' after movie bombed, didn't feel supported by feminists Megan Fox revealed she suffered a breakdown after her 2009 film "Jennifer's Body" was critically panned and bombed at the box office. Published:9/19/2019 7:22:05 AM
[Markets] Iran diplomat warns of 'all-out war' if hit for Saudi attack Iran diplomat warns of 'all-out war' if hit for Saudi attack Published:9/19/2019 7:22:05 AM
[Uncategorized] BREAKING NEWS: Pilot trapped on a high-voltage line after Belgian F-16 crashes in France

Breaking news out of France: BREAKING: French authorities say a Belgian F-16 fighter jet has crashed in a populated area in western France and one of its pilots is caught on a high-voltage electricity line. — The Associated Press (@AP) September 19, 2019 According to reports, both pilots successfully ejected but one is now […]

The post BREAKING NEWS: Pilot trapped on a high-voltage line after Belgian F-16 crashes in France appeared first on

Published:9/19/2019 7:22:05 AM
[9f5b9883-6fc7-5024-82b1-fafb11b041c7] James Carafano: Venezuela is still carrying out Chavez's strategy to poison America, but Trump can stop it It was Hugo Chávez who set Venezuela on the road to ruin almost two decades ago. Published:9/19/2019 7:22:05 AM
[Entertainment] Bachelor in Paradise's Connor Saeli and Whitney Fransway Split Connor Saeli, Whitney FranswayAlmost paradise! It's over between Connor Saeli and Whitney Fransway. The Bachelor in Paradise couple, who just got together at the very end of season six of the ABC series, has...
Published:9/19/2019 7:22:05 AM
[Liberal Hypocrisy] Canadian Prime Minister Justin Trudeau Wore ‘Brown Face’ for ‘Arabian Nights’ School Day in 2001

The following article, Canadian Prime Minister Justin Trudeau Wore ‘Brown Face’ for ‘Arabian Nights’ School Day in 2001, was first published on Godfather Politics.

Interestingly, the photo has come out just ahead of the kickoff of Trudeau's re-election campaign.

Continue reading: Canadian Prime Minister Justin Trudeau Wore ‘Brown Face’ for ‘Arabian Nights’ School Day in 2001 ...

Published:9/19/2019 7:22:05 AM
[TC] ‘Link’s Awakening’ remake is a classic well worth revisiting We’re all well aware that Nintendo is a nostalgia hound, capitalizing on its rich history to keep today’s gamers on board with its sometimes derivative but always lovingly crafted offerings. Link’s Awakening is no exception, and this remake of the under-played Game Boy title is a great opportunity to revisit a classic and get your […] Published:9/19/2019 7:22:05 AM
[Politics] Democrats won the House in 2018 on healthcare. Will they have anything to show voters in 2020?

Democrats try to tackle prescription drug prices and hope for a negotiating partner in the White House

Published:9/19/2019 7:22:05 AM
[Quick Takes] Trump Reelection Campaign Launches ‘Make Campus Great Again’ Program "The program kicked off at the University of Akron on Monday" Published:9/19/2019 7:22:04 AM
[The Blog] Guess who Tim Kaine is blaming for the attack on Saudi Arabia?

Prepare to be shocked. Not.

The post Guess who Tim Kaine is blaming for the attack on Saudi Arabia? appeared first on Hot Air.

Published:9/19/2019 7:22:04 AM
[Volokh Conspiracy] [Joanna Schwartz] Imagining a World Without Qualified Immunity, Part IV Were qualified immunity eliminated, the total number of civil rights cases would likely increase, but attorneys would continue to have strong incentives not to file insubstantial cases. Published:9/19/2019 7:22:04 AM
[Customs, Border and Immigration News] Backlog Of Immigration Court Cases Surpasses 1 Million Cases, Analysis Shows

By Jason Hopkins -

The backlog of active cases within the U.S. immigration court system surpassed 1 million, revealing the government’s lack of available resources to deal with the immigration crisis, according to a records clearinghouse. The court’s active backlog at the end of August 2019 was 1,007,155, according to case-by-case court records the Transactional ...

Backlog Of Immigration Court Cases Surpasses 1 Million Cases, Analysis Shows is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:9/19/2019 7:22:04 AM
[Markets] Peter Schiff: Why The Fed Won't Be Able To Rescue The Economy This Time Around Peter Schiff: Why The Fed Won't Be Able To Rescue The Economy This Time Around


Peter Schiff has been saying that the Federal Reserve is going to take interest rates back to zero and launch another round of quantitative easing in order to reinflate the bubble economy after the next crash. The central bank successfully pulled this off after the 2008 crisis. By dropping rates to zero and holding them there for nearly a decade, and running three rounds of QE, the Fed has reinflated the real estate bubble, blown up a bond bubble and pumped up the stock market. But Peter said it’s not going to work the next time around. Instead, Fed monetary policy will tank the dollar and lead to an inflationary recession.

So, why can’t the Fed pull off another rescue? Peter explained why he thinks it’s not possible during an interview on the Tom Woods Show.

Peter admitted he didn’t think the Fed could rescue the economy in 2008.

I underestimated the ability of the Fed to get away with quantitative easing and for the world to basically accept this and to enable this.”

So today, we have even bigger bubbles than we did in 2006-2007.

The question is — the Fed did it before, can it do it again? Peter said he wouldn’t bet on it.

I would not want to bet that is possible given the enormity of the problem now.”

Peter said you just have to consider the sheer amount of intervention that would be necessary to reinflate the bubbles once they pop the next time.

The next round of quantitative easing is going to have to be much, much bigger than the last one. They took the balance sheet up to four-and-a-half trillion last time. They might have to take it up to 10 or 20 trillion this time. They may have to do two or three hundred billion of QE every month as opposed to 85 billion. And when they were doing it before, we had a lot of support. The Chinese were big buyers. The Russians were big buyers. You know, I don’t see that kind of appetite for US debt anymore. I don’t think we’re going to have a whole lot of help from those other countries who are already trying to minimize their exposure to the dollar now. I don’t think they’re really going to step it up in order to enable QE4.”

The other issue is federal government budget deficits. In the years leading up to the 2008 crash, Bush was running $250 or $300 billion deficits per year. During the crisis, the deficits ran up to over $1 trillion. We are already running $1 trillion deficits now. If the economy crashes, we could be looking at $3 trillion or $4 trillion deficits.

Is there any way the Federal Reserve can monetize $3 or $4 trillion per year of government debt without the dollar falling and without igniting a bigger increase in inflation?”

Peter said he thinks the scale is simply too enormous.

If the Fed tried to inject enough stimulus into this economy to try to reflate an even bigger bubble than the ones we already have I just think the economy dies of an overdose. We overdose on stimulus and we destroy the dollar. And then we have massive inflation.”

That will put the Fed between a rock and a hard place. Does it allow inflation to run? Or does it take action to stop it?

But what would be required to stop it would be so politically damaging in the short-run that they may opt not to stop it, which is even worse. It just happens a little bit later.”

Peter and Tom cover a number of other subjects during the interview, including the trade war, Trump badgering the Fed, whether Peter’s predictions are a “broken clock,” and Peter’s investment strategy.

Tyler Durden Thu, 09/19/2019 - 08:10
Published:9/19/2019 7:22:04 AM
[Markets] Metals Stocks: Gold loses ground after Fed delivers ‘hawkish cut’ to interest rates Gold trades modestly lower, building on losses seen after the Federal Reserve delivered a widely expected interest rate cut but left traders uncertain on the outlook for further easing.
Published:9/19/2019 7:22:04 AM
[worldNews] Sick and elderly: Some EU nationals struggle to prove UK residency ahead of Brexit Sonja Brain, 84, is losing her sight and bed-bound in hospital after a cancerous tumor was removed from her spine. But she has another problem: proving she has the right to stay in the United Kingdom after Brexit.
Published:9/19/2019 7:22:04 AM
[] The Morning Report - 9/19/19 Good morning kids. Before we begin the daily dumpster dive, a point of personal privilege if you will in marking the third anniversary of this column. A big thanks to Ace for allowing me to do this, to the... Published:9/19/2019 7:22:04 AM
[AfriCOBRA] Toronto Biennial of Art Emphasizes Homegrown Talent in Its Ambitious Debut Decades in the making, the Toronto Biennial of Art cost about $3.8 million and brings the focus back to Canadian creators. Published:9/19/2019 7:22:04 AM
[Ilhan Omar] Stand by your sham: Omar’s squeeze play (Scott Johnson) David Steinberg has done more than any other reporter to expose Ilhan Omar’s marriage to her brother and all the related frauds she has perpetrated over the past 10 years. As I will reiterate in subsequent installments of this series, everything about Omar is a fraud, including her name. We have seen a plethora of congressional scandals in our history, yet we have never seen scandals Omar’s in Congress. Here Published:9/19/2019 7:22:04 AM
[Politics] The Fall of Democratic Power Player Ed Buck

Ed Buck used to mingle with prominent Democrats while simultaneously filling their campaign coffers with generous contributions. All of it came crashing down after two men died in his West Hollywood apartment over the course of two years and, most recently, a third overdosed but survived, leading to Buck's arrest.

The post The Fall of Democratic Power Player Ed Buck appeared first on Washington Free Beacon.

Published:9/19/2019 4:56:21 AM
[storytype:standard] Indonesia moves to ban consensual sex outside of marriage amid rights crackdown Published:9/19/2019 4:56:21 AM
[worldNews] Algeria detains opposition activist in new sign of clampdown Algerian authorities have arrested Fodil Boumala, a prominent opposition activist and anti-government protester, fellow activists and a lawyer said on Thursday.
Published:9/19/2019 4:56:21 AM
[GLD] 3 Reasons Why There's Upside Potential For Gold Prices Published:9/19/2019 4:23:57 AM
[TC] The man behind Tesla’s Powerwall is now pitching an all-in-one power management system for homes Arch Rao, the former head of product at Tesla who was behind the company’s Powerwall home energy storage is system, is back with a new company pitching energy management and efficiency for homes. SpanIO is looking to upgrade the electrical fusebox for homes with a digital system that integrates into the existing circuit breaker technology […] Published:9/19/2019 4:23:57 AM
[Markets] Rothschild Emerges From The Shadows For The Centenary Of The London Gold Fixing Rothschild Emerges From The Shadows For The Centenary Of The London Gold Fixing

Submitted by Ronan Manly,

This month in London marks the 100th anniversary of the first “London Gold Fixing”, the infamous daily meeting of a secretive cartel of bullion banks which has met since 1919 to set benchmark gold prices used throughout the international gold market, a meeting which continues to this day through its thinly disguised successor, the LBMA Gold Price auction.

London gold price benchmarks are critically important to the global gold market because they are used as a valuation source for everything from ISDA gold interest rate swap contracts to gold-backed Exchange Traded Funds (ETFs), and everything from OTC gold contracts to transaction reference prices used by physical bullion dealers when purchasing gold bars and gold coins from refineries and suppliers.

Since 2015, the London Gold Fixing has been known as the LBMA Gold Price following a rush by the London Bullion Market Association (LBMA) bullion banks to patch over the then scandalized  ‘Fixing’ in a smoke and mirrors and circle the wagons relaunch and renaming exercise. The collusive Gold Fixing first formally came into existence on 12 September 1919 when the Bank of England tapped its favorite bankers N.M. Rothschild & Sons to be the daily Fixing’s permanent chairman. Rothschild and the Bank of England had been joined at the hip since the early 1800s and would continue to be so in the Gold Fixing throughout the next century.

The 1919 launch of the Gold Fixing by the Bank of England and Rothschild succeeded a more informal version of a gold fixing that had existed up to the outbreak of the First World War in 1914, which consisted of a meeting of four London gold brokers Mocatta & Goldsmid, Samuel Montagu, Sharps & Wilkins, and Pixley & Abell who between them set a daily gold price at the offices of Sharps & Wilkins.

For the next 85 years from its inception in September 1919, the Gold Fixing occurred daily at Rothschild’s headquarters in New Court, St. Swithins Lane, across the road from the Bank of England, with five men from five bullion banks religiously meeting at 10:30 am each morning. After the collapse of the London Gold Pool in 1968, the Gold Fixing moved to a twice per day pricing with an extra 3:00 pm meeting added by the fixers to ‘watch over’ the US morning hours gold market.

Rothschild would remain as the Gold Fixing’s permanent chairman until May 2004 at which point the fabled investment bank mysteriously departed the gold fixing and stepped back into the shadows after 200 years in the London Gold Market. Until now that is, for in one of its rare re-appearances, the LBMA’s seminar and cocktail reception to celebrate the Gold Fixing’s centenary took place this week at, you guessed it,  NM Rothschilds’ headquarters in St Swithins Lane. In the words of the LBMA, the ‘momentous occasion’ of the centenary celebrations is being:

“held on the centenary of the first gold price, and held in the current Rothschild building which was built on the site of (the second) New Court, St Swithin’s Lane, where the first gold price was set.  We are grateful to Rothschild & Co for their support in co-hosting this event with LBMA.”

N.M. Rothschild’s London headquarters at New Court in St Swithin’s Lane, City of London

So is the centenary of the Gold Fixing the ‘momentous occasion’ that the LBMA pitches it as, or is a more realistic perspective needed to counterbalance the cheerleading hullabaloo from the LBMA camp?

Let’s take a look, drawing on some of the many articles on this website and elsewhere that have covered aspects of the infamous gold fixing over the course of its existence, including articles that have looked at more recent LBMA Gold Price. After all, the LBMA Gold Price is just another name for the Gold Fixing, and was conceded as such by the LBMA press office this month when they threw pretense out of the window, saying that: “12 September 2019 marks the centenary of the first London gold price, or what is now known as the LBMA Gold Price.

The very definition of the centenary as covering 1919 – 2019 underscores the continuity of the “London Gold Fixing – LBMA Gold Price” as one and the same thing, with the LBMA Gold Price just a disguised and more palatable version of the Gold Fixing, a classic case of same old wine in a new bottle, and a pricing process still controlled by the Bank of England and the bullion banks.

Permanent Fixtures – Rothschild and Bank of England

So how did the old five gold fixers of Mocatta & Goldsmid, Samuel Montagu, Sharps & Wilkins, Pixley & Abell and of course NM Rothschild end up being the modern day five gold fixers of HSBC, Deustsche Bank, Barclays, Scotia, and SocGen, five banks which were exclusively running the Fixing until the 2014-2015 timeframe? To give a quick recap it was as follows.

The five former gold fixers in the offices of Rothschild in London where the fixings took place until 2004.

In 1957, Sharps & Wilkins merged with Pixley & Abell to become Sharps Pixley. In 1966, at the ‘behest of the Bank of England’, the Kleinwort Benson investment bank bought Sharps Pixley. In 1993, Deutsche Bank took over Kleinwort Benson, and in doing so acquired one of the seats at the Gold Fixing.

In 1957, Mocatta & Goldsmid was acquired by Hambros Bank, who then sold Mocatta to Standard Chartered Bank in 1973. In 1997, Scotiabank bought Mocatta Bullion from Standard Chartered to form ScotiaMocatta. That explains gold fixing seat number two.

In 1967, Midland Bank took control of Samuel Montagu, and made it a fully owned subsidiary by 1974. In 1992, Hongkong and Shanghai Banking Corporation (HSBC) fully acquired Midland Bank, and thus acquired the third of the five seats at the Gold Fixing.

As a major gold refiner, Johnson Matthey (JM) had been involved in the gold fixing from the 1920s but in the early 1960s JM formed Johnson Matthey Bankers Ltd (JMB) which took on one of the seats in the fixing. In 1984, JMB collapsed in one of London’s most memorable financial and gold market scandals and the Bank of England bought JMB, selling it on to Mase Westpac, the gold trading division of Australian bank Westpac. In 1993, Republic National Bank of New York bought Mase Westpac’s fixing seat.

In 2000, HSBC also acquired Republic National Bank of New York. Since HSBC already had one of the five seats on the Gold Fixing, and Republic also had a seat (from its Mase Westpac purchase), HSBC then had two seats on the fixing, so sold one of these seats to Credit Suisse. In 2002, Credit Suisse sold on this seat to Societe Generale (SocGen). This explains Gold Fixing seat number four.

And of N.M. Rothschild? Well, in all of this you can see that the only thing permanent about the Gold Fixing throughout most of its history was the most powerful of all investment banks, NM Rothschild, as well as its old friend, the Bank of England operating behind the curtain. However in 2004, Rothschild mysteriously withdrew from the Gold Fixing. Was it a reprimand from the Bank of England for forcing the Bank to “stare into the abyss’ and sell British gold reserves to bail out a market short of physical gold, or was it the characteristic Rothschild habit of retreating into the shadows? Whatever the reason, in 2004 the Bank of England organised for the more pliable Barclays Bank to buy Rothschild’s gold fixing seat.

Notably, the Rothschild influence lived on with Barclay’s in the Gold Fixing because from 2006 to 2012, if you can believe this and its true, the chairman of Barclays was one Marcus Agius, who is son-in-law of former NM Rothschild chairman, Edmund de Rothschild.

For Rothschild, acquainted with the number five in the form of the five houses of Rothschild and its five arrows symbolism, the fact that there were only ever five seats on the Gold Fixing, is, to say the least coincidental, and maybe even symbolic. But as to which was the real puppet master in the London Gold Market, Rothschild or the Bank of England, that has always been the question.

The Bank of England's not so hidden hand

The one constant in the Gold Fixing from its inception, apart from NM Rothschild, is of course the Bank of England, the central bank which controls and has always controlled the London Gold Market.

For example, the 1954 - 1968 period saw countless brazen attempts by the Bank of England and fellow central banks to cap the market price of gold at $35 per ounce, culminating in the infamous London Gold Pool, an experiment in gold price intervention from 1961 to 1968 which famously collapsed in March 1968 when the US Treasury ran out of Good Delivery gold bars despite the Bank of England as the Pool's agent selling thousands of tonnes of gold into the Gold Fixings in late 1967 and early 1968.

But the the Bank of England had been regularly intervening into the Gold Fixing even before the London Gold Pool, to exercise what it aloofly called a ‘moderating influence’ on the gold price. This is starkly illustrated in the following passage from a Bank of England's Quarterly Bulletin in 1964 in which it wrote (page 16):

The Bank of England are not physically represented at the fixing. But they are able, like any other operator, effectively to participate in the fixing by passing orders by telephone through their bullion broker and at the fixing they use exclusively the services of the chairman of the market, namely, Rothschilds.

..., the Bank aim, as in the case of the foreign exchange and gilt-edged markets, to exercise, so far as they are able, a moderating influence on the market, in order to avoid violent and unnecessary movements in the price and thus to assist the market in the carrying on of its business."

After the London Gold Pool collapsed in March 1968, the gold market reopened after two weeks using a two tier approach of an official gold price pegged at $35 per ounce for central banks, and a supposedly 'free market' gold price for everyone else. Notably, upon reopening, the daily Gold Fixing of Rothschild and friends switched to being priced in US dollars, and an afternoon fixing meeting was added 3:00 pm so as to allow the Bank of England and the five fixers to exert more control over morning trading hours in New York.

But if you think that the Bank of England bowed out of thinking about ways to manipulate the gold price in 1968, then you would be mistaken. On the contrary, it continued to scheme behind closed doors and in secretive ways right up to the modern era, including discussions with other G10 central bank governors at the Bank of International Settlements (BIS) in Basel, Switzerland in 1979 and 1980 about forming a new interventionist gold pool to  “break the psychology of the market“ and hold the gold price at a critical time holding it within a target area“ (see “New Gold Pool at the BIS Basle, Switzerland: Part 1” and “New Gold Pool at the BIS Basle: Part 2 – Pool vs Gold for Oil”).

The Bank of England also devised the London gold lending market, a top secretive and opaque market that emerged on the 1980s in which central banks lend out their gold via LBMA bullion banks, the lent gold positions of which are sold into the market and have a subduing effect on the price. Ask the LBMA and Bank of England for data on outstanding gold loans or the size of the lending market and you will not get an answer. The Bank of England also allowed the development unallocated gold position trading in London, a vast ponzi of paper gold positions (mere credit in the form of bullion bank promises) that have little or no backing of real gold, but whose trading still perversely is hugely influential in gold price discovery.

And the Bank of England's "moderating influence" on the Gold Fixings also continued. This is illustrated by the astounding case of the head of the Bank of England’s foreign exchange and gold Terry Smeeton intervening into the Gold Fixing during the 1980s: “Terry’s gold activities, often partly aimed at helping the London Market’s daily gold fixes, produced an overall profit. To see exactly what this refers to, please see “The Bank of England and the London Gold Fixings in the 1980s.

For anyone with doubts about how the London Gold Fixings have suppressed gold prices over time, take a look at the following chart from Nick Laird's website which shows three price lines of gold prices from 1970 when the price was $35 per troy ounce to 2019. In red is the actual US dollar gold price, in blue is the theoretical gold price if you bought at the afternoon London gold fix and held overnight and sold at the next day's morning gold fix, in black is a theoretical gold price if you bought at the morning gold fix and sold same day at the afternoon gold fix.

The Fix is In – Subduing effects of the London Gold Fixings on gold prices over nearly 50 years. Source:

Starting in 1970 when the price of gold was $35 per ounce, if every day you bought at the price of the afternoon Gold Fixing and sold 19.5 hours later at the price of the next day’s morning Gold Fixing price, your $35 would now be worth $15,843. That’s the cumulative value of the Overnight strategy. On the other hand if every trading day since 1970 you bought at the morning Gold Fixing price and sold 4.5 hours later at the afternoon Gold Fixing price, your $35 would now be worth, wait for it, just $3.33. That’s the cumulative value of the Intraday strategy. The key point is the the London Gold Fixings suppress the gold price intraday and that the current gold price of around $1500 is far lower than it should be because of the prices in these Gold Fixes. None of which is mentioned by the LBMA in its commentaries of the 100th anniversary of the Gold Fixing this month in London.

The London Gold Market Fixing Limited

Also not mentioned by the LBMA in its centenary celebrations this month is the fact that the incredibly named The London Gold Market Fixing Limited (LGMFL), a private company comprising the five member banks of the Gold Fixing (Barclays bank Plc, HSBC Bank USA, The Bank of Nova Scotia, Deutsche Bank and Societe Generale), is still an active company on the UK Companies House register. And it does exactly what it says on the tin. Incorporated in January 1994, the company’s accounts are still prepared on a going concern basis because the company can’t be wound up as it is currently being sued in New York courts by class actions suits accusing LGMFL of involvement in gold price manipulation.

For example, the latest activity on the company register, just filed on 4 September 2019, shows the recent appointment of SocGen’s Francois Combes as a LGMFL director on 30 August 2019 , the termination of SocGen’s Vincent Domien, as a LGMFL director on the same date, and the termination of Scotia’s Steven Lowe in August 2018.

In addition to SocGen’s Francois Combes, other current directors of LGMFL are Simon Weeks of Scotia, Xavier Lannegrace of SocGen,  Paul Voller of HSBC, and Jerzy Burmicz of Barclays. Deutsche Bank has successfully extracted itself from the LGMFL at this time. Recent filings also show the latest annual accounts for The London Gold Market Fixing Limited to December 2018, with a critical commentary that:

The London Gold Market Fixing Limited four member banks have been named as defendants in class action lawsuits pending in the United States Federal Court for the Southern District of New York, the first of which was filed on 3 March 2014 in connection with their roles in setting the London benchmark gold price. The complaints allege among other things that The London Gold Market Fixing Limited and its member banks collectively violated provisions of the Sherman Act, the Commodity Exchange Act, the Commodity Futures Trading Commission (CFTC) rule 180.1 (a) and various state laws by manipulating the London benchmark gold price.

The US class actions being referred to by the London Gold Market Fixing Limited above were covered in posts on the BullionStar website such as Spoofing Futures and Banging Fixes: Same Banks, Same Trading Desksand in the detailed and ground-breaking analysis of the class action court papers by Allan Flynn on his blog site here.

And its not only in New York where investors think they have been the victims of gold market fraud. Investor groups are also using Canadian courts to pursue class actions against The London Gold Market Fixing Limited and the five gold fixing banks using the Ontario Superior Court. The above LGMFL accounts state that the Canadian class actions say that:

"London Gold Market Fixing Limited and the member banks conspired, agreed and / or arranged with each other to manipulate the London benchmark gold price, and seek damages of Can$ 1 billion under the Competition Act and for civil conspiracy, unjust enrichment and waiver of tort.”

See here and here for more details. Missing from the LBMA's momentous occasion centenary update on 12 September were any references to The London Gold Market Fixing Limited still being a very much live and active company, or the fact that London Gold Market Fixing Limited and four of the five fixers are currently defendants in class action suits in New York and Canada.

Its also interesting that a majority of the five gold price fixers of London Gold Market Fixing Limited have now exited the entire precious metals markets in London. This includes Deutsche Bank, Barclays, and more recently SocGen. Another member of the cartel, Scotia Mocatta, tried but failed to sell its precious metals business but did execute a reorganization of that business. That just leaves HSBC still fully active in the London Gold Market As explained in "Curse of the London Gold Fix strikes again as SocGen abandons ship":

"The casualties of the still active London Gold Market Fixing Limited are now looking so severe that the entire former gold fixing cesspit looks cursed. So is it just a matter of time before the fifth member of the infamous syndicate, HSBC, runs into some type of trouble?"

Bank of England, a 'moderating influence' on the gold price

'The best thing to do was to Pull it’

But what lead to the Gold Fixing being pulled in 2015 (while being replaced with practically the same thing under a new name)? The unraveling of the London Gold Fixing arguably began in late 2013 in the wake of the LIBOR scandal when financial regulatory authorities such as the UK FCA and Germany’s BaFin began investigating the Gold Fixing and scrutinizing the five gold fixing banks. Germany’s financial regulator BaFin appeared particularly efficient in its investigation into Deutsche Bank’s gold fixing activities, and whatever was in the documents that Bafin demanded from Deutsche in late 2013 caused Deutsche Bank to run for the exits of the London gold and silver market in January 2014 and abandon both its Gold Fixing and Silver Fixing seats.

Unable to sell either its Gold Fixing or Silver Fixing seat, as no other banks would touch the fixings given the regulatory investigations, Deutsche Bank gave just two weeks notice and walked away on 13 May 2014, leaving four banks on the Gold Fixing (Barclays, Scotia, HSBC and SocGen), and only two banks on the Silver Fixing (Scotia and HSBC).

This then opened the flood gates for the rest of the fixers to abandon ship, but not before all 10 directors of the London Gold Market Fixing Company at that time were profiled on 15 May 2014 in ZeroHedge’s excellent article “From Rothschild To Koch Industries: Meet The People Who “Fix” The Price Of Gold”, The names of these directors were Matthew Keen and James Vorley of Deutsche Bank, Simon Weeks and Steven Lowe or Scotia, Jonathan Spall and Martyn Whitehead of Barclays, Peter Drabwell and David Rose of HSBC, and Vincent Domien and Xavier Lannegrace of SocGen.

Less than a week later on 20 May 2014, Baclays then announced that its Head Of Gold Trading Marc Booker was leaving the bank. Then three days later on 23 May 2014, the Financial Conduct Authority (FCA), the UK’s financial regulator, announced that Daniel Plunkett, a director on the Barclays precious metals desk in London and a colleague of Booker, Spall and Whitehead on the trading floor in Canary Wharf, had been charged with manipulating gold prices of the afternoon Gold Fixing, and was being levied with a financial penalty and prohibition from trading. This is the same Daniel Plunkett who became infamous for his “I Am Hoping For A Mini Puke” statement, the mini puke being a lower gold price.

At the same time the FCA fined Barclays Bank Plc (Barclays) £26,033,500 for

failing to adequately manage conflicts of interest between itself and its customers as well as systems and controls failings, in relation to the Gold Fixing. These failures continued from 2004 to 2013.

Yes, you have read that correctly. Barclays was fined for manipulating the price of gold for a decade from 2004 to 2013, i.e. the entire time that Barclays was in on the fixing. The year 2004 is also interesting because from 2004 onwards the five fixers were no longer meeting face to face each day but meeting remotely using a web based application and electronic chat apps. See the article “The pre-2015 London Gold Fixings – More technologically advanced than reported” for details. These networked and chat apps would make collusion a lot easier but would also leave a trail of evidence.


As the great and the good of the London Gold Market raise a toast to the centenary of the Gold Fixing this September, while lauding the ‘new’ LBMA Gold Price, it would be well to keep in mind the old phrase ‘you can put lipstick on a pig, but its still a pig’.

The LBMA recently asserted that “it took 89 years for the gold price to break through the $1,000 barrier, reaching a new all-time high of $1,023.50 on 17 March 2008“. To which we might well ask, what would the gold price be now in the absence of the infamous London Gold Fixings?

This article is an abridged version of an article which was originally published on the website under the same title "Rothschild emerges from the shadows for the Centenary of the London Gold Fixing".

Tyler Durden Thu, 09/19/2019 - 05:00
Published:9/19/2019 4:23:57 AM
[1c0bf71a-199d-554b-86e8-a46e4cdcda30] Victor Davis Hanson: Trump wages war on progressive culture – Dems respond with Trump Derangement Syndrome Trump wins more often than he loses as he battles the left to set the direction for America. Published:9/19/2019 4:23:57 AM
[62915231-41b2-50dc-a59b-c9f0b5cf0fba] Elle Macpherson says today’s models need to ‘get off the pedestal,' ‘come back down to earth’ Elle Macpherson, famously known as “The Body,” believes models need to be more relatable to the public. Published:9/19/2019 4:23:57 AM
[Markets] Livability: Everything you need to know if you’re thinking of moving to Florida Here’s the rundown on jobs, housing, weather and cost of living in the Sunshine State.
Published:9/19/2019 4:23:56 AM
[Markets] OECD forecasts worst growth for global economy since financial crisis OECD forecasts worst growth for global economy since financial crisis Published:9/19/2019 4:23:56 AM
[Politics] Pompeo says U.S. backs Saudi Arabia's 'right to defend itself'

U.S. Secretary of State Mike Pompeo said Thursday that America backs Saudi Arabia's "right to defend itself" after a weekend attack targeted the heart of its oil industry, comments coming after he described the assault as an "act of war."

Published:9/19/2019 4:23:56 AM
[worldNews] Afghanistan braces for deadly attacks as Taliban vow to disrupt presidential election A deadly suicide bombing this week near an election rally in central Afghanistan where President Ashraf Ghani was due to speak came as a sharp reminder of the risks to a ballot set for the end of next week in the shadow of failed peace talks.
Published:9/19/2019 4:23:56 AM
[Comedy] nothing is sacred

A phrase commonly used when something respectable is fucked up, or something innocent has been made disgusting.

"Apparently people make porn of the new Sonic movie"
"Damn, nothing is sacred."

Published:9/19/2019 2:19:55 AM
[TC] Cannabis logistics startup Wayv launches dynamic distribution platform Supply chain logistics is a headache and a half across any industry, but the difficulty level goes way up within the world of cannabis. Because of federal laws, FedEx, UPS and USPS are not an option. Distributors need a variety of licenses and must operate within specific regulation. For example, cannabis brands must either become […] Published:9/19/2019 2:19:55 AM
[International] Will Brexit Ever Happen?

Four years after the famous Brexit vote, Britain remains part of the European Union. The U.K. is scheduled for an exit next month, but powerful... Read More

The post Will Brexit Ever Happen? appeared first on The Daily Signal.

Published:9/19/2019 2:19:55 AM
[Politics] The jury's still out on Newsom as governor — but he did OK his first year

One question invariably asked over lunch around the state Capitol is: "How do you think Newsom is doing?"

Published:9/19/2019 2:19:55 AM
[cb71fd60-2aa7-59c6-add3-b6ac47f53552] ‘SNL’ hired Shane Gillis to address charges of anti-conservative bias, report says Until it swiftly backfired, the recent hiring of comedian Shane Gillis was an attempt by “Saturday Night Live” to address criticism that the show was biased against conservatives, according to a report. Published:9/19/2019 2:19:55 AM
[Apps] Google is bringing Assistant to people without internet access Over the years, Google has expanded the reach of its digital assistant service to include people who own internet-enabled feature phones. Now the search giant is bringing the service to users who don’t have access to internet at all. At an event in New Delhi on Thursday, the company announced phone line that will anyone […] Published:9/19/2019 1:50:33 AM
[structure:politics] Thursday morning news briefing:  Return to the Tory fold, Brexit Party voters urged Published:9/19/2019 1:50:33 AM
[worldNews] Tokyo court clears former Tepco executives of negligence over Fukushima disaster A Tokyo court cleared on Thursday three former Tokyo Electric Power executives of negligence for the 2011 Fukushima disaster, the only criminal case to arise out of the world's worst nuclear crisis since Chernobyl in 1986.
Published:9/19/2019 1:50:33 AM
[Markets] Diageo reports good start to 2020 The world’s largest liquor maker said it expects first half organic operating profit growth in-line with, or slightly behind, organic net sales growth.
Published:9/19/2019 1:50:33 AM
[Markets] Despite Central Bank Cuts, UK Credit Card Rates Hit Highest Levels In 13 Years Despite Central Bank Cuts, UK Credit Card Rates Hit Highest Levels In 13 Years

Credit card interest rates in the UK have hit the highest level in 13 years, according to the Financial Times

Per the report, the average annual percentage rate (APR) reached 24.7% in September - the highest since financial website began recording data. The average APR was 23.4% this time last year. 

"Consumers who turn to credit cards for their everyday purchases will find that the cost to borrow is starting to rise, as the most lucrative low rate cards have worsened," said moneyfacts' Rachel Springall.

"In fact, over the past quarter, we said goodbye to the lowest rate purchase credit card on the market and have seen rates increase on these lucrative offers."

This decoupling of soaring credit card rates from flat-to-falling wholesale money rates echoes that of the US where credit card rates have exploded higher in recent months...

Source: Bloomberg

Lenders, meanwhile, have been eliminating low-interest rate deals after the Financial Conduct Authority (FCA) enacted new rules designed to clamp down on spiralling debts

Tesco Bank recently pulled its 5.9 per cent Clubcard credit card, which was the lowest rate card on the market. Bank of Scotland, Halifax and Lloyds Bank increased the purchase rate on their credit cards from 6.4 per cent to 9.9 per cent.

Ms Springall pointed out that consumers may be making more efforts to move their debts to an interest-free alternative or clear their balances altogether. According to recent findings from UK Finance, the industry body, there has been a decline in the proportion of credit card balances that bear interest, falling from 54.6 per cent to 53.4 per compared to a year ago. The annual growth rate of outstanding balances has also fallen to 3.6 per cent, down from its peak of 8.3 per cent at the start of 2018. -Financial Times

"Once you are a customer, your card provider can increase your rate if they feel there has been a change in your financial circumstances and they see you as a greater risk," said personal finance expert and founder of consumer website MoneyComms, Andrew Hagger, who added "For those people struggling with their finances, the last thing they need is a higher rate on their plastic."

Tyler Durden Thu, 09/19/2019 - 02:45
Published:9/19/2019 1:50:32 AM
[worldNews] Trump sees many options short of war with Iran after attacks on Saudis U.S. President Donald Trump said on Wednesday there were many options short of war with Iran after U.S. ally Saudi Arabia displayed remnants of drones and missiles it said were used in a crippling attack on its oil sites that was "unquestionably sponsored" by Tehran.
Published:9/19/2019 1:20:02 AM
[Markets] Turkey: Alarming Crackdown On Journalists, Desperate Appeal To UN Turkey: Alarming Crackdown On Journalists, Desperate Appeal To UN

Authored by Uzay Bulut via The Gatestone Institute,

International human-rights and press-freedom organizations recently appealed to the United Nations to take action against the ongoing abuse of journalists by the government of Turkish President Recep Tayyip Erdogan.

In a letter to the UN Human Rights Council (UNHRC) on September 3, eighteen organizations -- led by the group ARTICLE 19, which promotes freedom of expression -- called on "all Member and Observer States committed to media freedom, democracy and the rule of law" to "speak out and address the Turkish government's repressive campaign against freedom of expression" in the forum of the Working Group on Arbitrary Detention during the UNHRC's 42nd regular session.

The letter reads, in part:

"The right to hold and express dissenting opinions and to access information has been systematically undermined by the Turkish government in an intensive crackdown on journalists and independent media, academics, civil society, oppositional voices and the judiciary. Since 2016, the human rights situation in Turkey has steeply declined, facilitated by the misuse of sweeping emergency powers and the concentration of executive power. At the time of writing, at least 138 journalists and media workers are imprisoned, with hundreds more currently on trial facing lengthy sentences on manifestly unfounded terrorism charges ... Access to thousands of websites and platforms has been blocked after a government decree authorising removals and blockages of websites without judicial oversight."

Providing "background," the letter goes on:

"In July 2016, a state of emergency was imposed in Turkey after a failed coup attempt, which was followed by mass arrests and mass dismissals of judges, prosecutors and civil servants perceived to be in opposition to the government. Many of those arrested are reported to have been subject to torture and ill-treatment in detention and have faced politicised trials falling well below fair trial standards. Since then, President Erdogan's government has sought to tighten its grip, shutting down media outlets and imprisoning journalists on an alarming scale...

"In 2018 alone, 59 journalists were sentenced to a collective total of 419 years and 8 months in prison for 'being a member of a terrorist organisation', 'managing a terrorist organisation' or 'aiding a terrorist organisation'. Trumped up terrorism charges are routinely used against journalists expressing critical or dissenting opinions, and result in lengthy prison terms...

"Independent media has been all but wiped out. Under State of Emergency Decrees at least 170 media outlets including publishing houses, newspapers and magazines, news agencies, TV stations and radios were closed. Only 21 of these have been able to reopen, some of them only on the basis that they agree to major changes in their management boards.Many independent outlets have been permanently silenced, through the liquidation and expropriation of all their assets...

"These arrests and trials are taking place in the context of the absolute collapse of the rule of law in the country, where there is no prospect of a fair trial for defendants."

Recent examples of the above repression include:

  • On September 12, Baris Ince, a journalist with the newspaper Birgun, was sentenced to 11 months and 20 days in prison for "insulting president Erdogan."

  • On September 11, Max Zirngast, an Austrian university student and journalist with the Jacobin magazine, was acquitted by a Turkish court of "being a member of an armed terrorist organisation." Zirngast was detained last year and spent three months in jail, until he was released, but subject to an international travel ban, pending trial.

  • Also on September 11, journalists Aysegül Dogan, program coordinator of IMC TV, which was shut down, and Yusuf Karatas, a columnist for the daily Evrensel, had their hearings, which lasted only five minutes. The two members of the media are charged with "establishing and leading an armed terrorist organization" as part of their journalistic activities and face up to 22 and a half years in prison. The next hearings are slated for December 25.

  • On September 11, as well, columnist Özlem Albayrak resigned from the pro-government daily, Yeni Safak, after the paper refused to publish her article criticizing the nearly 10-year prison sentence imposed on Canan Kaftancioglu, the Istanbul head of the main opposition Republican People's Party (CHP), for her social media posts. After her resignation, Albayrak said: "It appears that there is no tolerance left even for constructive and genuine criticism that is not hostile. And that is worrisome. But it would be delusional to think that this is restricted to Yeni Safak alone. In recent years, we have been expected to engage in hooliganism, not journalism."

  • On August 29, Ümit Uzun from the Demirören News Agency was detained by Istanbul police while reporting on a story. Uzun was handcuffed as he was interviewing the owner of a store into which a car had crashed, and was accused of "disrupting the scene of the accident." He was released after being interrogated.

  • On August 28, journalist Levent Uysal, the owner of the newspaper Yenigün, was attacked by armed assailants, who shot him in the leg, leading to his hospitalization. The Balikesir Journalists' Association called the assault "planned," "organized" and "a serious threat to the people's right to obtain information."

  • On August 22, Taylan Özgür Öztas, a reporter for Özgür Gelecek, was taken into custody in Istanbul after covering the protests against the government's recent dismissal of the mayors of Mardin, Diyarbakir and Van. Tunahan Turhan, a reporter for the Etkin News Agency, was detained during the same demonstrations. Both reporters were later brought to court and released under judicial control measures.

  • On August 20, Mezopotamya reporters Ahmet Kanbal and Mehmet Sah Oruç, JinNews reporter Rojda Aydin, and journalists Nurcan Yalçin and Halime Parlak, were arrested in Mardin while covering the same demonstrations against the government's removal of the mayors from office. The journalists were released on August 26, after giving their statements at the local police department.

The Working Group on Arbitrary Detention was held on September 13. Sadly, no one at the meeting addressed the persecution of journalists in Turkey -- not José Guevara Bermúdez, Chair-Rapporteur of the Working Group, nor Béla Szombati, who represented the European Union, nor any other participant.

The 42nd session of the UN Human Rights Council, which ARTICLE 19 has appealed to, is scheduled to continue until September 27, and the next session of the Working Group is scheduled to take place in November.

Amnesty International recently tagged Turkey the "world's largest prison for journalists." The UNHRC, if it wishes to change its image from that of a laughing stock, should put at the top of its agenda calling Ankara to task. Meanwhile, however, Erdogan's violations of freedom of speech need to be exposed daily and loudly condemned -- not only by members of the UN and the media, but by any and all allies of Turkey -- and freedom of expression -- in the West.

Tyler Durden Thu, 09/19/2019 - 02:00
Published:9/19/2019 1:20:02 AM
[Syndicated Posts] President Donald Trump’s Schedule for Thursday, September 19, 2019

By R. Mitchell -

President Donald Trump has no public events on his schedule for Thursday. Keep up with Trump on Our President’s Schedule Page. President Trump’s Itinerary for 9/19/19 – note: this  page will be updated during the day if events warrant All Times EDT No public events White House Briefing Schedule None ...

President Donald Trump’s Schedule for Thursday, September 19, 2019 is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:9/19/2019 12:53:03 AM
[Fundings & Exits] Shipper, a platform for e-commerce logistics in Indonesia, raises $5 million Indonesia has one of the fastest-growing e-commerce markets in the world, but the logistics industry there is still very fragmented, creating headaches for both vendors and customers. Shipper is a startup with the ambitious goal of giving online sellers access to “Amazon-level logistics.” The company has raised $5 million in seed funding from Lightspeed Ventures, […] Published:9/19/2019 12:53:03 AM
[structure:news] Pictures of the Day: 19 September 2019 Published:9/19/2019 12:53:03 AM
[worldNews] Taliban car bomb kills at least 20 in southern Afghanistan A Taliban truck bomb killed at least 20 people and wounded 95 others when it exploded near a hospital in southern Afghanistan, an official said.
Published:9/19/2019 12:53:03 AM
[worldNews] Tuvalu changes PM, adds to concerns over backing for Taiwan in Pacific Parliament in the tiny South Pacific country of Tuvalu elected a new prime minister on Thursday, making a change that analysts say could give China a chance to further undermine Taiwan in a region that has been a pillar of support.
Published:9/19/2019 12:19:17 AM
[245eb535-7149-5649-b47f-f38a4054c1ee] Judge Andrew Napolitano: Police surveillance cameras and facial recognition technology threaten our privacy A trial in Great Britain has just concluded with potentially dangerous implications for personal freedom in the U.S. Published:9/19/2019 12:19:17 AM
[Markets] Attention: US GAO Informs Public About Hypersonic Weapons Attention: US GAO Informs Public About Hypersonic Weapons

The U.S. Government Accountability Office (GAO) published a new report about hypersonic weapons, including hypersonic glide vehicles (HGVs) and hypersonic cruise missiles (HCMs), and their development as the race for hypersonic technology heats up with Russia and China. 

Hypersonic weapons fly between Mach 5 (3,836 mph) and Mach 10 (7,672 mph) and have the ability to out outmaneuver the world's most advanced missile defense systems, such as the US MIM-104 Patriot and Russian S-400 missile system. 

As shown in the GAO diagram, the HGVs and HCMs fly at lower altitudes and unpredictable flight paths than a traditional ballistic missile that flies typically at an arch from launch to target. 

Hypersonic weapons have extreme maneuverability capabilities which make it difficult to defend against.

GAO said HGVs are hypersonic gliders that are initially propelled with a rocket to altitudes between 25 and 60 miles. 

High-speed engines power HCMs during the entire flight. Can fly at altitudes between 12 and 19 miles.

"For most HCMs, a rocket would accelerate the missile to Mach 3 or 4, and then the HCM's own ramjet or supersonic combustion ramjet (scramjet) engine would take over. A ramjet uses the speed of the vehicle to "ram" and compress air with fuel, which is burned to produce thrust. A scramjet is similar, with air moving at supersonic speed," the report said.

The GAO cited a recent update from the U.S. Air Force Scientific Advisory Board that said: "the core technologies needed for the development of a tactical range HGV have reached Technology Readiness Level (TRL) 5 out of 9. The board expected the remaining subsystems for such a weapon to reach TRL 6 or higher by 2020. According to GAO best practices, TRL 7 is the level of technology maturity that constitutes a low risk for starting system development. It indicates that technology has achieved form, fit, and function, and has been demonstrated in an operational environment." 

GAO lists several important features of hypersonic weapons, and how these weapons will make warfighting against major adversaries easier. 

  • Penetrate defenses: Hypersonic weapons would likely enable U.S. warfighters to penetrate existing adversary anti-aircraft and anti-missile systems because of their speed, maneuverability, and altitude (above typical anti-aircraft defenses and below interception points for ballistic reentry vehicles).
  •  Strike fleeting targets: The speed of hypersonic weapons would allow them to hit targets that are only vulnerable for a limited time, such as mobile, high-value military targets and adversary weapons systems.
  • Agile targeting: A traditional missile needs to be launched with a target in mind, but a hypersonic weapon could be maneuvered later in flight. This could provide U.S. decision-makers more time and make it extremely difficult for adversaries to prepare.
  • High travel speeds: Piloted hypersonic vehicles would allow for very short travel times and may have commercial applications. Such vehicles have essentially been limited to certain spacecraft reentering the atmosphere and experimental aircraft.

GAO also lists the challenges of developing a hypersonic weapon, and are likely some of the reasons why the U.S. is losing the weapons race against Russia and China. 

  • Heat-tolerant materials: At hypersonic speeds, the exterior temperature of a hypersonic vehicle or weapon can exceed 2,000°F, necessitating advanced materials that will protect interior electronics. Such materials also need to be mechanically strong and efficient.
  • Propulsion technology: Refinement of engine technology is needed for HCMs. This includes increasing the reliability and efficiency of scramjet engines. New types of engines that allow for propulsion from standstill to hypersonic speeds are also being developed, which would eliminate the need for rockets to provide the initial launch.
  • Weapon tracking: Defense against a hypersonic weapon would involve tracking and intercepting it, but current radar and satellite systems are inadequate for this task.
  • Limited testing resources: There are limited places to perform ground tests and flight tests of hypersonic weapons and vehicles in the United States. Currently, there are limited wind tunnel facilities in the country capable of running propulsion tests of hypersonic weapons and vehicles.
  •  Safety and control: Hypersonic velocities require additional improvements of aircraft control and guidance to help ensure the accuracy of hypersonic weapons and to

Within the Department of Defense (DOD), several top-secret programs by the Defense Advanced Research Projects Agency (DARPA), the Air Force, the Navy, and the Army have received billions of dollars in the last several years to develop hypersonic weapons. 

GAO warns that these technologies aren't mature and it could take time until deployment.

Meanwhile, Russia and China have been testing and deploying such weapons, signaling that the U.S. is rapidly losing its global air supremacy, and another reason why the world is marching closer to war.

Tyler Durden Thu, 09/19/2019 - 01:00
Published:9/19/2019 12:19:17 AM
[Markets] London Markets: The Bank of England decision is coming — here’s what to expect Here’s a look at what to expect when the Bank of England’s latest interest-rate decision is announced at 7 a.m. Eastern on Thursday.
Published:9/19/2019 12:19:17 AM
[e7e79bb3-141d-5219-aff1-22c8d97dd1ff] Joe Giudice, convicted reality star in ICE custody, training to be MMA fighter: report Former “Real Housewives of New Jersey” star Joe Giudice apparently decided to make the most of his time behind bars after being convicted of tax fraud in 2014. Published:9/19/2019 12:19:17 AM
[worldNews] Mexico reopens investigation into 2014 disappearance of 43 students Mexico will open a new investigation into the 2014 disappearance and apparent massacre of 43 students, authorities said on Wednesday, a controversial case that caused a crisis for the previous government and drew international criticism.
Published:9/18/2019 11:51:22 PM
[Entertainment] American Horror Story: 1984 Sets Up an Absolutely Terrifying '80s Extravaganza American Horror Story: 1984American Horror Story: 1984 is here and now we're wondering how on earth this show is only now giving us 80s slasher movie. The first few minutes of the new season (after the murder...
Published:9/18/2019 11:19:41 PM
[Markets] Who Really Benefits From The "Iran Attacked Saudi Arabia" Narrative? Who Really Benefits From The "Iran Attacked Saudi Arabia" Narrative?

Authored by Brandon Smith via,

After 9/11, the concept of the “false flag attack” gained prominence in American culture, and ever since, more and more people are starting to question the official narrative whenever new crisis events occur. It is possible that this is why there has not been another attack in the US on the scale of 9/11 since 2001; not because the government is doing a better job with security (there was ample security in operation on 9/11 that for some reason was not utilized), but because it's harder for government agencies to get away fabricated disasters or scapegoating the wrong people as the culprits.

That said, sometimes governments don't need to create a false flag from scratch. Sometimes disasters not of the government's making can be turned into false flags, as long as they can pin the blame on the target they most want to attack.

The elites only need to get away with one major false flag every couple of decades to push the populace into a war or a cultural crisis which can be exploited.

This was essentially the strategy outlined by the “Project For A New American Century”, a foreign policy think tank in the 1990's made up of Neo-Cons and ghouls from the Council On Foreign Relations which called for a “new Pearl Harbor” that would give the US a rationale to enter the Middle East militarily and change the entire political landscape. As Rahm Emanuel once said, “You never want a serious crisis go to waste...”

Of course, they got their Pearl Harbor, but contrary to popular opinion I think it's wrong to assume that the PNAC was designed to open the door to American hegemony. Rather, I think the intention was to cause the opposite – the eventual fall of American geopolitical influence. After all, what happened to the Soviet Union after they bungled into a land war in Afghanistan? Only a long and costly quagmire that ultimately contributed to their economic downfall. This is exactly what is happening to the US today. Are we to believe the elites are completely unaware of this outcome?

To put it another way, perhaps the real goal of efforts toward American hegemony is to sabotage the US image over time, as well as sink it into bankruptcy? But let's examine the underlying factors a little further...

US involvement in the Middle East thus far has led to nothing but disaster. While total financial costs are often debated, general estimates of the combined costs of US involvement in Iraq, Afghanistan, Syria and Pakistan are in the area of $5 trillion (a conservative estimate in my opinion). The civilian body count from the Iraq war alone stands at around 208,000 people according to US, Israeli and Saudi Arabian covert agencies involved in Libya and Syria trained, funded and armed the same militants that would eventually give rise to ISIS under a program called Timber Sycamore. And, though we continually hear about Trump's intentions to pull US troops out of the region, tens of thousands of soldiers and private contractors remain in Iraq, Afghanistan and Syria to this day.

No person in their right mind could claim that US foreign policy in the Middle East has been successful. In fact, the US has lost considerable face and economic stability during these conflicts, which have been perpetuated by BOTH Republican and Democratic administrations. And now, the potential for a war in Iran is rising; a war that could devastate the US economy once and for all.

I would point out here that whatever a person might believe about the details surrounding 9/11, Iraq had absolutely nothing to do with it and the US invaded the nation on false pretenses.  Evidence was faked, the only WMD's the Iraqis had were those the US sold to them in the 1980's, and Saddam had no verifiable ties to Al-Qaeda.  The claims of Western intelligence agencies cannot be taken seriously after such a farce, and we must apply the same skepticism to any accusations they make against Iran.

John Bolton, a primary advocate of the PNAC, was the National Security Adviser to Donald Trump until only a few days ago. I hardly find it coincidental that Iran, one of the final targets on the PNAC hit list, is now being blamed for the latest attack on Saudi Arabian oil production right after Bolton exits the White House. It is often the case that elitists within an administration will jump ship right before their agendas are implemented so that they can redirect any blame for the consequences.

Needless to say, just because John Bolton has left the building doesn't mean his schemes are gone, or that the supposed “disagreement” between Trump and Bolton was even real. Bolton is but one of many puppeteers controlling the Trump Administration...

Wars are not always started through Pearl Harbor-like ambushes on the American people – sometimes they are started through alliances and engineered confrontations on the other side of the world designed to drag the American people kicking and screaming into conflict. The attack on Saudi Aramco's oil processing plants, the largest processing plants in the world, stands as another potential “linchpin”, as RAND Corporation would call it.  An event that sets a domino effect in motion that leads to a global crisis. In this case, it is probably a linchpin that is being exploited as a crisis of opportunity. Or to put it it another way, it is a linchpin because the establishment is MAKING IT into a linchpin.

Initial reports of the attack indicated that it was launched by Yemeni Houthi rebels using drones. The Houthis have publicly accepted responsibility for the attacks. The Houthi rebellion started out as a protest movement against the hard line Yemeni government, which has long been a proxy for Saudi interests in the region. The Houthis demanded free speech rights and greater representation in government. The government responded by trying to imprison the protesters and killing their leadership.

This is not to say that I agree with the Houthi ideology, but I can see the reasoning in their revolt. The Saudi and US drone strikes and bombings in Yemen against the Houthis have been relentless and go widely unreported by the mainstream media. US officials claim that the strikes are aimed at “fighting Al-Qaeda”, but Al-Qaeda is used as a convenient label for just about any group that stands against US interests or allies.

US strikes on the Houthis accelerated under the Obama Adminsitration after a supposed “failed missile attack” on the destroyer USS Mason. The Houthis denied any involvement in the attack, saying it did not originate from their area of control. US strikes in Yemen have continued under Trump.

Political opponents in Yemen and the Saudis have consistently accused the Houthis of being proxies for Iran, and while Iran has publicly supported the Houthi rebellion, the Houthis have ignored Iranian advice on numerous occasions, indicating they are not as controlled as some would like the Western public to believe. I would note that the same media outlets that are screaming today about Iran as the villainous mastermind behind the Houthi insurgency were arguing against that claim only a couple years ago.

The narrative of “state controlled” insurgents is a common one for governments to use when faced with a rebellion they cannot defeat outright. In the war of propaganda, the last thing any establishment controlled dictatorship wants is for the public to view the rebels fighting them as common people and “heroic underdogs”. So, they conjure a story in which the rebellion is actually an evil conspiracy forged by a foreign power. Many conservatives and liberty activists might be able to relate to this, as numerous leftist media outlets have recently accused us of being nothing more than an “astro turf” movement created by the Russians, or at the very least, unwitting dupes manipulated by the Russians.

One of the most important aspects of a rebellion against the establishment is the ability to raise public awareness of the establishment's crimes, but once they are successfully pigeon-holed as a proxy controlled by a foreign power, few in the public will listen to what they have to say no matter how factual it may be.

Saudi Arabia and the US have been exposed for funding and training militants (ISIS) in Syria to start a violent revolution against Bashar al-Assad, so it is a bit hypocritical of them to demonize Iran for any influence they may have with the Houthis. Last I checked, at least the Houthis aren't guilty of committing genocide, cannibalism, nor are they guilty of large scale attacks on civilian targets (though there are plenty of unsupported accusations of attacks on civilians by the Saudi government).  Frankly, if they were responsible for the attack on Saudi oil production as they claim, this represents a strike against a legitimate military target, not a terror attack.

But the real point here is that it does not matter if the Houthis are legitimate, or that they have real grievances against Saudi Arabia, or that they take full credit for the attack on Saudi Aramco – The establishment is going to rewrite the narrative to fit their agenda anyway.

Currently, Secretary of State Mike Pompeo has named Iran directly as being the culprit behind the strikes on Saudi Arabia (still no hard evidence available to verify this). Even though the Saudis stated right after the attack that 10 drones were used, and this corroborates what the Houthis have stated, the story is being quickly “adjusted”. Now, US officials claim that the attack was accomplished with 17 or more “cruise missiles” that originated from the direction of Iran. How the Saudis were able to confuse cruise missiles for drones remains a mystery.

The new official story is being tweaked everyday to counter any predictable skepticism.  For example, the new claim of "terrain hugging" cruise missiles helps to counter anyone who asks how the attack could have thwarted the billions in American Patriot missile systems on Saudi soil?  Patriots are not specifically designed to stop low flying missiles.

However, the Saudis have also purchased AN/TPQ-53 Quick Reaction Capability Radar systems from the US.  This is next gen radar technology that is able to track low flying missiles, aircraft and drones.  But still, the Saudi radar net was somehow defeated?  If this is the case and the accusations are true, then one would have to conclude that Iran has military hardware capable of slipping past some of the best defense technology the US has to offer.

The bottom line is, a Houthi drone attack just doesn't do it for the establishment.  Even if they could substantiate hard military ties between Iran and the insurgents in Yemen, they would not be able to justify war based on the relationship alone.  They have to connect Iran to the attack directly.

Clearly, the goal of this narrative is to create a rationale that allows the Trump Administration to commit to a war with Iran, probably starting with limited air strikes and escalating from there.  When Trump finally gives his statements on evidence that supposedly points to Iran, I suspect he will not say much in terms of what the US reaction will be.  The public (and the markets) will be left to assume that nothing substantial will happen and that it will all fade away.  We will simply wake up one morning to discover that initial strikes against Iranian targets have been launched and that war has begun.  The only other scenario that makes sense at this stage is that another strike against Saudi Arabia will take place within the next couple of weeks and that this will be used as the "final straw".

It was only a matter of time. With the heavy influence of globalists in Trump's cabinet, every major event in the region has been somehow tied to Iran, from attacks on random oil tankers to Palestinian and Lebanese opposition to Israel and so on.

Trump could not use a downed drone to start a war, that was not enough to convince the American public. Those people who applauded Trump as some kind of peacemaker for not initiating strikes on Iran for a single downed drone missed the bigger picture. War with Iran is baked into the cake; it is simply a matter of finding the right trigger.  Perhaps skyrocketing oil prices in the face of “Iranian sponsored terrorism” will be exactly what the globalists needed.

Is it coincidence that this event is being hyped by the establishment as an Iranian agenda right after John Bolton leaves the White House? Is it a coincidence that it is being hyped after Russia recently warned that oil might drop to $25 a barrel on falling global demand? Is it a coincidence that it is being hyped right after Iran announced it was utilizing advanced Uranium centrifuges? Is it a coincidence that Trump now has an excuse to not reopen negotiations on Iran sanctions?

And, as noted at the beginning of this article, if you believe as I do that the globalists are seeking to completely destabilize the US with Donald Trump at the helm in order to destroy the image of the conservative movement and sovereignty activists by association, then a war with Iran would surely do the trick.

As covered in my article 'Globalists Only Need One More Major Event To Finish Sabotaging The Economy', published in May, a conflict with Iran would be a perfect catalyst for a final plunge in US markets in the midst of trade war tensions and tight Fed liquidity. Also, a war in Iran would inevitably lead to a shutdown of the Strait of Hormuz through which around 30% of the global oil supply flows, increasing oil prices exponentially along with international anger at the US. It would further galvanize China and most of the world to decouple from the US economically and eventually dump US treasuries and the dollar as the world reserve currency.

At the same time, the globalists will have effectively exploited the Trump Administration, which they may not intend to remain in office after 2020 anyway, as a tool for launching a war they have long wanted but could not trick the American public into supporting.  Right now, it doesn't matter if the American public agrees or not.

This is the true strategic brilliance of using Trump as a puppet president. Under Trump, the globalists can take actions they have always wanted to pursue and then lay all blame at the feet of conservatives. With Trump, it's irrelevant if the White House loses face. He has been built up as a “populist” and anti-globalist, therefore any disaster he oversees will become the fault of populists and anti-globalists. This is why people should expect war in Iran in the near term. The temptation for the globalists to light the fuse with Trump as president must be overwhelming.

To understand why the elites would want the fall of the US, I suggest reading my article on the globalist end game HERE. While OPEC may benefit from higher oil prices in the face of dwindling global demand, and the Neo-Cons may benefit from seeing their PNAC plans for destabilizing the Middle East come to fruition, it is truly the globalists that have the most to gain by linking Iran to the Saudi Aramco attack and plunging the US into a war it cannot survive economically.

Simply put, they see crisis and chaos as the fastest stimulants of fear, and the most useful engines for global change. They are seeking to kill two birds with one stone – Break down the old world order to make way for their "new world order" while wrapping the catastrophic effects on the populace around the necks of their biggest ideological enemies.

*  *  *

If you would like to support the work that Alt-Market does while also receiving content on advanced tactics for defeating the globalist agenda, subscribe to our exclusive newsletter The Wild Bunch Dispatch.  Learn more about it HERE.

Tyler Durden Wed, 09/18/2019 - 23:55
Published:9/18/2019 11:19:41 PM
[Markets] The U.S. isn’t even in the top 10 for best countries for retirement What can we learn from other countries to help our retirees?
Published:9/18/2019 11:19:41 PM
[Health] The anti-vaping campaign gains momentum (Paul Mirengoff) Consumption of cigarettes is the leading cause of preventable death in this country. David Abrams, a professor at New York University’s College of Global Public Health, estimates that 1,300 people die from smoking every day. The life expectancy of a cigarette smoker is said to be a decade less than someone who has never smoked. Vaping is a method of taking in nicotine, via e-cigarettes, that unlike smoking cigarettes, does Published:9/18/2019 10:49:40 PM
[Markets] Asia Markets: Asian markets mixed as Fed cuts rates, BOJ stays unchanged Asian markets were mixed in early trading Thursday, as the Bank of Japan kept its ultra-easy monetary policy unchanged following the U.S. Federal Reserve’s interest-rate cut.
Published:9/18/2019 10:49:40 PM
[2nd Amendment] Colt To Cease AR-15 Production For The Civilian Market

The following article, Colt To Cease AR-15 Production For The Civilian Market, was first published on Godfather Politics.

Buh bye Colt.

Continue reading: Colt To Cease AR-15 Production For The Civilian Market ...

Published:9/18/2019 10:49:40 PM
[Markets] First Footage Of Notorious Criminal Charles Bronson In A Decade Surfaces Online First Footage Of Notorious Criminal Charles Bronson In A Decade Surfaces Online

A convicted drug dealer who is running several social media accounts from a UK prison using a contraband cellphone has published what appears to be the first footage of notorious UK criminal Charles Bronson, whose decades of violent crime have been the subject of movies and TV shows.

In the video, Bronson appears to coyly object to being filmed, covering his face with his arm and exchanging good-natured expletives with the cameraman, drug dealer Sam Walker, as the two prisoners seek to pass the time at their prison in the Midlands of the UK, according to the Daily Mail.

Some have questioned whether it is really Bronson, known as Britain's most dangerous prisoner, who was reported to be in HMP Woodhill in Milton Keynes for the past year. Bronson has a far more gruff voice than the man in the video.

But if it really is Bronson, this would be his first appearance in more than decade.

Walker has 45 convictions for 130 offenses. He notoriously fled to Africa after authorities tried to arrest him, then taunted police while he was on the run in Africa. He's back in prison serving a 33 month sentence.

Walker's twitter account has 19,000 followers, and his YouTube account, where he posted the video of Bronson, has 1,000 subscribers.

Tyler Durden Wed, 09/18/2019 - 23:35
Published:9/18/2019 10:49:40 PM
[The Blog] Martha McSally’s GOP primary challenger: What if we let parts of Mexico become U.S. states?


The post Martha McSally’s GOP primary challenger: What if we let parts of Mexico become U.S. states? appeared first on Hot Air.

Published:9/18/2019 10:19:37 PM
[Politics] Rush: Americans Seething at Dems, Media Treatment of Trump Millions of Americans are probably "seething" over Democrats' and the media's treatment of President Donald Trump, according to conservative host Rush Limbaugh. Published:9/18/2019 10:19:36 PM
[Markets] "Killer Robots" Could Commit "Atrocities" Says Former Google Engineer "Killer Robots" Could Commit "Atrocities" Says Former Google Engineer

Authored by Mac Slavo via,

Laura Nolan, a former Google software engineer who left the company in protest of Project Maven, Google’s since-abandoned artificial intelligence development program for military drones, says killer robots could commit atrocities. If governments turn control of their weapons systems over to fully-autonomous machines, we may face devastating, unintentional calamities or acts of war.

Nolan told The Guardian this week that there should always be a human finger on the trigger or else the technology can do “calamitous things that they were not originally programmed for.”  But humans commit atrocities too. Democide, or people being killed by their own government/authorities is the leading cause of human death other than natural causes. Humanity has been notoriously violent and forceful with each other.

Even though most scientists want autonomous weapons completely banned, governments have no intention of doing so.  It would limit their ability to commit mass murder. Major military powers including Russiathe United Kingdom, and the United States have invested heavily in autonomous weapons, military drones, and battlefield robots.

“You could have a scenario where autonomous weapons that have been sent out to do a job confront unexpected radar signals in an area they are searching,” Nolan told The Guardian.

Nolan was illustrating a hypothetical problem area, suggesting that a machine might mistake hunters for enemy combatants and open fire.  But governments are the ones developing these machines and the humans who make up government have “made mistakes” and slaughtered innocent people during war too. 

“Very few people are talking about this but if we are not careful one or more of these weapons, these killer robots, could accidentally start a flash war, destroy a nuclear power station and cause mass atrocities,” Nolan added.

It isn’t the robot that’s morally corrupt here; it’s humanity and always has been. 

Until we evolve past the idea that people have the right to murder and enslave and steal as long as they are voted for by a majority, we will experience atrocities committed by those who were given power that wasn’t theirs to have in the first place.

Tyler Durden Wed, 09/18/2019 - 23:15
Published:9/18/2019 10:19:36 PM
[Politics] BREAKING: The media has found a NEW Trump scandal to obsess about and this one involves an IG and a whistleblower Tonight there’s a new Trump scandal that the media are hyperventilating over, one of which we don’t actually know many details about. And of course it’s being reported by the Washington Post, . . . Published:9/18/2019 9:49:57 PM
[Entertainment] Mike Johnson Sounds Off on Getting Snubbed as The Bachelor's Next Lead Mike JohnsonMike Johnson may not be the next Bachelor, but he still knows how "wonderful" he is. Viewers across the country thought Mike was an absolute shoe-in for the role of The Bachelor....
Published:9/18/2019 9:49:57 PM
[worldNews] Canada's Trudeau apologizes for dressing up in brown face, election chances could suffer Canadian Prime Minister Justin Trudeau apologized on Wednesday for wearing brown face make-up in 2001 after an embarrassing picture emerged less than five weeks before an election in which he faces a tough fight.
Published:9/18/2019 9:49:57 PM
[Markets] Putin's Multipolar Offer To Saudi Arabian Exceptionalism Putin's Multipolar Offer To Saudi Arabian Exceptionalism

Authored by Tim Kirby via The Strategic Culture Foundation,

Global Islamic Terrorism is universally recognized as today’s big threat and has been the justification for all sorts of changes, especially to life in the West after 9/11. The Islamic terrorists whom we are supposed to fear on a daily basis more or less believe in some form of Wahhabism, which grew up in and is spread from Saudi Arabia. Surprisingly the US and the Saudis have been and still are staunch allies.

This makes little sense on the surface but Saudi exceptionalism extends to Russia as well. Russia and former parts of its territory have been some of the biggest victims of Wahhabism and still fight it to this day and yet President Putin just vowed to protect them from air threats via Russia’s top of the line equipment. So this raises the question by what logic would Russia want work with the Saudis who prop up the ideas that murder their citizens? The short answer is Multipolarity.

During the Cold War we saw two great powers with massive spheres of influence dividing the planet between themselves. This Bipolar (in the literal sense) structure forced everyone on America’s side to be Capitalist / Western-style Democratic and everyone on the USSR’s side to be Communist. So for every Communist revolution that succeeded Moscow’s sphere of influence grew while Washington’s shrank.

Now in the 21st century this dynamic is much different as the sole Hyperpower is fighting against any upstarts who challenge its status, which means that every nation that succumbs to the Washington status quo is a victory for Monopolarity, while any nation that begins to act on its own or under the influence of anyone besides the US/NATO/The West is a victory for Multipolarity.

This is why today, unlike during the Cold War Russia has a policy of being open to working with anyone who is willing to work with them regardless of ideology. Of course during the Cold War the US and the Soviet Union would work with countries outside their political theory of preference to some degree, but now Russia is free from the burdens of Communist ideology and is thus free to associate with anyone and Moscow is willing to work with anyone because any nation that rises up to a high level of sovereignty creates another crack in the monolith of Monopolarity.

This is why Moscow has been cooperating with Turkey who at times has been very aggressive towards them, shooting down a Russian planeforcing their way into Syria and working against Assad’s and Russia’s interests in the region, and opening Turkish Universities across parts of the Former USSR challenging Russian cultural influence. These all sound bad, but Moscow has a bigger fish to fry and the upstart Turks, despite being in NATO are beginning to push for a more powerful sovereign pro-Turkish foreign policy, which is bad for Russia in doses, but on the whole is a huge stride towards a Multipolar World that Russia so desperately needs.

And this is the logic that applies to the Saudis. True the Saudi Wahhabism and loud inaction in terms of containing Wahhabism have lead to the deaths of many Russian-speaking people the world over, but the Multipolar mission takes precedence, thus Putin offered the Saudis to buy Russian S-400 systems because “Our (Russian) air defenses can protect you, like they do Turkey and Iran” and that “These kinds of systems are capable of defending any kind of infrastructure in Saudi Arabia from any kind of attack.”

Syria and Turkey are both major Multipolar victories so perhaps in Putin’s words there is a hint that Saudi Arabia could jump on the Other World Order’s boat by buying these defense systems. The S-400s in question could be used to defend against a local neighbor, but we could suppose that a massive surface-to-air set up would best be used to defend against NATO, who is the only serious missile launching threat.

To an extent it is very possible that this offer by President Putin to the parties indirectly responsible for a great deal of suffering in Russia could actually be an invitation to the Multipolar World.

Saudi Arabia has been very much the exceptional Arab nation in the Middle East when it comes to NATO’s actions, but nothing lasts forever. The Saudis have oil and little means to defend it, while at the same time maintaining an ideology that has been demonized by the Mainstream Media for almost 20 years, prepping the West with a casus belli when the time comes. The fear of Monopolar aggression could force the Saudis to buy into team Multipolarity.

Tyler Durden Wed, 09/18/2019 - 22:35
Published:9/18/2019 9:49:57 PM
[The Blog] Report: Comic fired from SNL for using racial slur was hired to appeal to … “conservatives”


The post Report: Comic fired from SNL for using racial slur was hired to appeal to … “conservatives” appeared first on Hot Air.

Published:9/18/2019 9:19:18 PM
[Politics] BREAKING: The media has found a NEW Trump scandal to obsess about and this one involves an IG and a whistleblower Tonight there’s a new Trump scandal that the media are hyperventilating over, one of which we don’t actually know many details about. And of course it’s being reported by the Washington Post, . . . Published:9/18/2019 9:19:18 PM
[Entertainment] Married at First Sight Couple ''Hotter Than Ever'' After Brief Split Elizabeth Bice and Jamie Thompson - Married At First Sight, Season 9Reunited and it feels so dramatic?! On tonight's all-new Married at First Sight, all four couples from season nine came together to discuss life after decision day. While...
Published:9/18/2019 9:19:18 PM
[1e5175b5-84fe-5098-a211-48fd6c37be92] Antonio Banderas calls ex-wife, Melanie Griffith, one of his 'best friends' It's been nearly four years since Antonio Banderas and Melanie Griffith saw their 18-year marriage come to an end, but the actor says he still has a soft spot for his ex.  Published:9/18/2019 9:19:18 PM
[Markets] Secret Service Wants Jet Skis For Mar-a-Lago & Hamptons As Trump Family "Very Active In Water" Secret Service Wants Jet Skis For Mar-a-Lago & Hamptons As Trump Family "Very Active In Water"

A Secret Service memo has requested the need for jet skis to protect President Trump's family and friends -- while at vacation properties at President Trump's exclusive south Florida Mar-a-Lago Club and other properties in the Hamptons. 

The memo said the agency needs two jet skis and a trailer to "enhance safety/security for protective assignments on the water."

The agency has requested two Kawaski jet skis that retail for more than $10,000 per unit. The request noted security challenges that special agents face while traveling to President Trump's golf courses and resorts. 

"President Trump and his family spend several weeks throughout the year in Mara Largo FL and Hamptons NY. The First Family is very active in water sports," the request states, which was first highlighted by WRC-TV reporter Scott McFarlane.

Previously, Secret Service agents have rented jet skis with their own money, the memo said.

"Several family members along with their guest participate in open water activities for which USSS Special Agent Rescue Swimmers are responsible," the request continues.

"SA's have rented watercraft with their own personal funds to allow them to be near our protectees in various water environments to fulfill the USSS Rescue Swimmer mission."

The Secret Service said the 4-stroke, 4-cylinder 1498cc jet skis will be stored at the agency's training center in Beltsville, Maryland. 

To protect President Trump's family and friends at golf courses and resorts, the Secret Service must adapt to their luxurious lifestyles. 

Special agents have found themselves increasingly putting around on E-Z-GO golf carts and jet skis over the last several years. 

According to Trump Golf Count, President Trump has visited golf courses about 217 times since his inauguration, with evidence of playing golf on at least 101 visits (the data runs through Sept. 15). 

The Secret Service has protected President Trump and his family at Mar a Lago at least 91 times and at his Bedminster course 75 times since his inauguration. 

As a reminder, President Trump made this promise to the American people in 2016: "I'm going to be working for you. I'm not going to have time to go play golf." 

So far, President Trump's golf outings have cost taxpayers nearly $109 million. Maybe it's time for the president to start picking up some of the tabs, like jet skis for the Secret Service. 

Tyler Durden Wed, 09/18/2019 - 22:15
Published:9/18/2019 9:19:18 PM
[] Wednesday Overnight Open Thread (9/18/19) *** THE QUOTES OF THE DAY Quote I "If they have to pull the South Africa model to maintain power forever they will do it, and they're not afraid of it, and they're increasingly open about it. Donald Trump... Published:9/18/2019 9:19:18 PM
[World] Meeting the Transgender Moment Coming this fall: Supreme Court battles may change the meaning of "sex" under the law. Published:9/18/2019 9:19:18 PM
[Entertainment] Tom Brady Reveals How He and Gisele Bündchen Motivate Their Kids to Maintain a Healthy Lifestyle Tom Brady, Vivian Lake Brady, Super Bowl Tom Brady and Gisele Bündchen are raising their kids to become anything but ordinary. And how could they be? With a sports legend and a world-famous supermodel as parents, the...
Published:9/18/2019 8:54:00 PM
[US News] Pete Buttigieg doesn’t want to make that abortion house of horrors political, but Rep. Jim Banks does

Rep. Jim Banks lays out the history between Mayor Pete Buttigieg and Dr. Klofer's abortion business.

The post Pete Buttigieg doesn’t want to make that abortion house of horrors political, but Rep. Jim Banks does appeared first on

Published:9/18/2019 8:53:59 PM
[The Blog] Time: Justin Trudeau wore ‘brownface’ to a private school party in 2001

Time magazine was sent a school yearbook which contains a photo of Prime Minister Justin Trudeau dressed in “brownface.” Time ...

The post Time: Justin Trudeau wore ‘brownface’ to a private school party in 2001 appeared first on Hot Air.

Published:9/18/2019 8:53:59 PM
[Markets] Patrick Byrne sells his Overstock shares, but blames the SEC and ‘Deep State’ Patrick Byrne’s dramatic exit from Inc. had a surprise second act Wednesday, as the former chief executive sold his large stake in the company and blamed the Securities and Exchange Commission, which he referred to as “the Deep State’s pets.”
Published:9/18/2019 8:53:59 PM
[b5b824da-0088-5d37-9cd2-87299e22809b] Shaquille O'Neal spends nearly entire interview flirting with TV host Rocsi Diaz The former NBA star appeared on E! News' "Daily Pop" show where he was promoting his new clothing line. Published:9/18/2019 8:53:59 PM
[Markets] Battle For The Arctic: Russia Deploys S-400 Missile Defense Systems To Control New Frontier Battle For The Arctic: Russia Deploys S-400 Missile Defense Systems To Control New Frontier

Russia, China, and the US are all racing towards the Arctic region, trying to establish their military dominance in part of the world where $35 trillion worth of national resources could be hiding underneath the ocean floor. Now Russia is dashing its way into the Arctic, announcing on Monday that new missile defense systems have been deployed to the region.

The Russian Northern Fleet said the new S-400 Triumph system had been installed on the Novaya Zemlya archipelago in the Arctic.

"The air defense regiment of the Russian Northern Fleet deployed on Yuzhny island of the Novaya Zemlya archipelago has been completely reequipped with new S-400 systems," the statement reads.

The surface to air-missile regiment of the Northern Fleet's air defense forces has been equipped with S-400s, which is considered the most advanced missile defense systems in the world and can hit enemy targets at up to 248 miles.

On Wednesday morning, Directorate for the Russian Federation State Border Arrangement told the Krasnoyarsk news agency NGS24, that a large radar station will be built at Cape Chelyuskin, which is about 800 or so miles east of where the S-400s are stationed.

The project is officially called "Radiotechnical point Chelyuskin," and includes a project cost of approximately $19 million. Expected completion of the radar station will be within 33 months.

Novaya Zemlya and Cape Chelyuskin are located in the northernmost point of Russia. This area is where all shipping along the Northern Sea Route passes, is considered a strategic area in Russian Arctic development.

Russia has been aggressively expanding its military presence in the Arctic in the last several years. It has also been increasing exploration activities, such as oil and gas and mineral extraction.

Washington has widely criticized Moscow for its increased presence in the Arctic. Responding to criticism, Russian Foreign Minister Sergei Lavrov said that Moscow isn't intimidating anyone, noting that increased defenses capabilities in the Arctic are to protect its assets.

Russia and China are establishing the "Polar Solk Road" in the Arctic as warming temperatures give way to new shipping lanes and economic opportunities.

The Arctic is home to at least 20-25% of the world's untapped fossil-fuel resources, along with minerals, including gold, silver, diamond, copper, titanium, graphite, uranium, and other rare earth minerals.

Canada, Denmark, Finland, Iceland, Norway, Russia, Sweden, and the US have established the Arctic Council, an intergovernmental cooperation forum, that holds biennial ministerial meetings on the region. It's an attempt to stabilize the Arctic and avoid conflict as corporations and governments rush into the area to seize new economic opportunities.

With the latest news of Russia militarizing the Arctic, this will not sit well with the Trump administration who has been trying to buy Greenland. The Arctic and its resources will be a major topic of the 2020s and beyond, the first to secure its military in the region could become the next superpower of the world.

Tyler Durden Wed, 09/18/2019 - 21:35
Published:9/18/2019 8:53:59 PM
[Politics] Continetti: Non-Military Means Clearly Have Not Deterred Iran

Washington Free Beacon editor in chief Matthew Continetti argued Wednesday that President Donald Trump's sanctions have so far not managed to deter Iran.

The post Continetti: Non-Military Means Clearly Have Not Deterred Iran appeared first on Washington Free Beacon.

Published:9/18/2019 8:53:59 PM
[Entertainment] Ralph Lauren's Friends Collection Is an Ode to Rachel Green's Iconic Style Jennifer Aniston, FriendsFriends fans, rejoice! It's safe to say that Ralph Lauren will "be there for you" now that they've dropped an entire collection in honor of Rachel Green's iconic...
Published:9/18/2019 8:19:32 PM
[Markets] Gun Store Runs Out Of "Beto Special" Named After Gun-Grabbing Communist Gun Store Runs Out Of "Beto Special" Named After Gun-Grabbing Communist

Authored by Mac Slavo via,

A gun store in Arizona has run out of both the AR-15 and the AK-47 rifles they put on a sale named the “Beto Special.”

This gun sale was in response to threats made by Communist Beto O’Rourke, who said: 

“Hell, yes, we’re going to take your AR-15, your AK-47.”

Much like totalitarians and communists before him, O’Rourke has threatened to use force and violence to disarm innocent people to accumulate guns in the hands of those in the government.  History has an uncanny way of repeating itself and humanity never seems to learn the hard lessons.

Barack Obama used to be a great gun salesman, but it appears that upping the commie ante has propelled O’Rourke past the former president. But free people who reject authority over their lives took action. Alpha Dog Firearms Owner Matt Boggs was outraged after O’Rourke’s threat. In an interview with The HolloNet, Boggs said: 

“I saw the comments that he made, and I was kinda like, ‘You know what: the Hell with this guy!” Boggs said O’Rourke’s threats of theft and violence against innocent people made him determined to sell more guns even if it meant losing money on them.

Alpha Dog Firearms was so overwhelmed with customers, that they ended up selling 200 rifles in two hours.   That prompted Boggs to post an afternoon update on Facebook that read:

UPDATE: SOLD OUT. More deals will be on the website soon. Y’all broke our internet today!!!

According to a report by CNS News, Boggs and Alpha Dog Firearms are no strangers to colorful promotions. On Sunday, Alpha Dog hosted an “Area 51 Invasion Training” event at a local shooting range. “Come out to the Alien Shoot,” Boggs says in a Facebook video live from the event.

Tyler Durden Wed, 09/18/2019 - 21:15
Published:9/18/2019 8:19:32 PM
[] Justin Trudeau: If I Have Any Regrets, It Is Only That I, A Completely Straight Man, Love Playing Dress-Up With Colorful and Exotically Theatrical Costumes Too Much That, and sucking dick as if there were a brick of gold lodged in the vas deferens.... Published:9/18/2019 8:19:32 PM
[topics:places/canada] Justin Trudeau apologises over 'brownface' photo: 'I should have known better' Published:9/18/2019 8:02:59 PM
[fd8caf42-3751-52d0-94a5-0fc78a7bb0a7] Chelsea Handler says she needed 'therapy' before interviewing conservatives for white privilege documentary Comedian Chelsea Handler indicated on Wednesday that she needed psychotherapy in order to calmly interview conservatives about white privilege. Published:9/18/2019 8:02:59 PM
[Politics] Justin Trudeau RESPONDS to new blackface controversy, admits it wasn’t the only time… Canadian Prime Minister has now responded to his new blackface controversy, saying he’s profoundly sorry. But he also admits that it wasn’t the only time he did it: .@JustinTrudeau says he regrets . . . Published:9/18/2019 8:02:59 PM
[Politics] Justin Trudeau RESPONDS to new blackface controversy, admits it wasn’t the only time… Canadian Prime Minister has now responded to his new blackface controversy, saying he’s profoundly sorry. But he also admits that it wasn’t the only time he did it: .@JustinTrudeau says he regrets . . . Published:9/18/2019 8:02:59 PM
[The Blog] Jimmy Carter: Shouldn’t there be an age limit on the presidency?

Message to Democrats?

The post Jimmy Carter: Shouldn’t there be an age limit on the presidency? appeared first on Hot Air.

Published:9/18/2019 8:02:59 PM
[worldNews] Canada's Trudeau apologizes for dressing up in brownface in 2001 Canadian Prime Minister Justin Trudeau apologized on Wednesday for wearing brownface makeup to a costume party in 2001, an image that could undermine his chances for re-election with less than five weeks to go before the national election.
Published:9/18/2019 8:02:59 PM
[International events] Justin Trudeau ‘deeply sorry’ about brownface photo, also admits to wearing blackface in high school

Justin Trudeau also 'fessed up to wearing blackface for a talent competition in high school.

The post Justin Trudeau ‘deeply sorry’ about brownface photo, also admits to wearing blackface in high school appeared first on

Published:9/18/2019 8:02:59 PM
[Markets] Shocking Yearbook Photo Shows Justin Trudeau Wearing 'Brownface' Shocking Yearbook Photo Shows Justin Trudeau Wearing 'Brownface'

What could very well be the defining political scandal of Prime Minister Justin Trudeau's political career has just been broken wide open by Time Magazine.

Echoing a scandal that befell Virginia Gov. Ralph Northam earlier this year, a photo depicting Trudeau in 'brownface' (he was reportedly dressed as an Arab for an 'Arabian Nights' theme party) was published by Time Magazine Wednesday evening.

The photo was taken in 2001 while Trudeau was teaching at an elite private school.

The Liberal Party has already confirmed that Trudeau is in the photo, and the PM has already issued an apology - "I am really sorry" - to those who might be offended by the image, WSJ reports. Zita Astravas, spokeswoman for Trudeau's Liberal Party, confirmed it to Time.


...And after?

This couldn't have come at a worse time for Trudeau: His Liberal Party is neck-and-neck in the polls with their Conservative rivals ahead of what's expected to be a close federal election next month.

According to Time, the photo appeared in the 2000-2001 yearbook of West Point Grey Academy. The 'Arabian Nights'-themed gala was attended by students and faculty, Time reported. A Canadian businessman who was 'part of the WPGA community' came across the photo over the summer and decided that it should be made public.

The photograph has not been previously reported. The picture was taken at an “Arabian Nights”-themed gala. It shows Trudeau, then the 29-year-old son of the late former Prime Minister Pierre Trudeau, wearing a turban and robes with his face, neck and hands completely darkened. The photograph appears in the 2000-2001 yearbook of West Point Grey Academy, a private day school where Trudeau was a teacher.

Earlier this month, TIME obtained a copy of the yearbook, The View, with the photograph of Trudeau in brownface from Vancouver businessman Michael Adamson, who was part of the West Point Grey Academy community. Adamson was not at the party, which was attended by school faculty, administrators and parents of students. He said that he first saw the photograph in July and felt it should be made public.

The photo was taken while Trudeau taught classes, including French, at the school, which he left after the Spring of 2001. West Point Grey Academy is currently among the most expensive private day schools in Vancouver, with tuition ranging from just under $22,000 to about $23,500.

Several critics spoke out to WSJ saying it's 'deeply saddening' to see Trudeau in brownface/blackface. One of Trudeau's opponents is a Sikh, and as such blasted Trudeau and claimed personal offense.

“Seeing the Prime Minister in brownface/blackface is deeply saddening,” said Mustafa Farooq, executive director of the National Council of Canadian Muslims in a written statement. It is seeking an apology. “The wearing of blackface/brownface is reprehensible, and hearkens back to a history of racism, slavery, and an Orientalist mythology that is unacceptable."

Meanwhile, the leader of Canada’s left-wing New Democratic Party, Jagmeet Singh, said the photo was insulting. Mr. Singh is a Sikh and wears a turban.

Of course, already one Twitter user and Trudeau critic has complained about being 'censored' by Twitter for trying to share the photo, which violates the site's terms of service.

Other Canadians mused about Trudeau's re-election prospects with this additional scandal weighing on his campaign. Trudeau is still fighting allegations of corruption after the SNC-Lavalin ethics probe.

This could very well be the moment that Trudeau loses his place in the polls and never regains the lead ahead of next months' vote.

Tyler Durden Wed, 09/18/2019 - 20:55
Published:9/18/2019 8:02:59 PM
[Uncategorized] Buttigieg Hopes Story About Abortionist Keeping Over 2,200 Murdered Babies Doesn’t Become Political God forbid we allow the truth about infanticide come to light. Politicize all the healthcare except for abortion. Got it. Published:9/18/2019 8:02:59 PM
[The Blog] Is Kamala Harris still campaigning?


The post Is Kamala Harris still campaigning? appeared first on Hot Air.

Published:9/18/2019 7:19:32 PM
[Left Column] Mark Steyn: ‘Michael E Mann, Loser’ – Calls Mann ‘Doctor Fraudpants’ – Mann loses lawsuit against skeptical scientist

Steyn: 'Despite a decade-long onslaught, and to his lasting credit, Tim Ball stood firm - and won. I can do no less.'

Published:9/18/2019 7:19:32 PM
[TC] As it readies a test for vaping additives, cannabis testing company Cannalysis raises $22 million Cannalysis, a testing company for cannabis, has raised $22 million in a new round of financing as it prepares to bring a new test for vaping additives to the market. The test, which the company is preparing to unveil later this week, will test for the presence and amount of Vitamin E acetate, a chemical […] Published:9/18/2019 7:19:32 PM
[Media] Chris Hayes says Nancy Pelosi clearly doesn’t want the public ‘galvanized on impeachment’

Maybe Nancy Pelosi doesn't want to galvanize Trump's base before the 2020 election?

The post Chris Hayes says Nancy Pelosi clearly doesn’t want the public ‘galvanized on impeachment’ appeared first on

Published:9/18/2019 7:19:32 PM
[Markets] The Fed: Fed lowers interest rate by a quarter-point, and is open to the idea of more easing The Federal Reserve on Wednesday cut its benchmark interest-rate by a quarter point and seven officials indicated they believe there would be one more move this year.
Published:9/18/2019 7:19:32 PM
[worldNews] Tuvalu parliament picks new PM in potential blow for Taiwan Newly installed lawmakers of the tiny South Pacific country of Tuvalu elected a new prime minister on Thursday, a potential blow for ally Taiwan, which had diplomatic ties to another Pacific island nation cut this week in favor of Beijing.
Published:9/18/2019 7:19:32 PM
[Markets] Watch: Trump Accidentally Discusses Top Secret Technology Used In The Border Wall    Watch: Trump Accidentally Discusses Top Secret Technology Used In The Border Wall   

During a three-day trip to the West, President Trump moments ago visited the Mexico–U.S. border region near San Diego. While speaking to a group of reporters, he accidentally disclosed sensitive technology that is embedded in the border wall. 

Trump told reporters that the steel bollard-style wall that's made of hollow, vertical steel beams filled with concrete and rebar, is "wired - so that we will know if somebody is trying to breakthrough."

He then turns to the right and asks a top U.S. Customs and Border Protection (CBP) official to discuss the technology at length. The CBP official responds by saying, "Sir, there could be some merit in not discussing that."

The technology at play appears to be a smart fence that will alert CBP agents if a breach is underway, and will likely tell them exactly where. 

Neither Trump nor the official disclosed how the sensors work, but it's evident that this is the first time the technology has been mentioned to the press. 

Oh my god. Trump starts to discuss apparently sensitive technology deployed at the border. Asks the General in charge to describe the technology.

The General's response: "Sir, there could be some merit in not discussing that."

— Scott Stedman (@ScottMStedman) September 18, 2019

At the same site last year, located in the border area of Otay Mesa, a San Diego neighborhood along the Mexican border, Trump saw eight prototype walls, of which none were picked, and all destroyed to make way for 14 miles of steel bollard-style walls.

Trump is riding a series of big wins on the wall and immigration. Arrests and incoming immigrants to the U.S. have plunged in recent months, showing that Trump's policies, in conjunction with the 20,000 Mexican troops on the border, are working. Last week, the Supreme Court allowed Trump to refuse asylum to people who travel through another country on the way to the Mexico–U.S. border without having sought protection in that third country.

In July, CBP confirmed that, 60 miles of replacement wall had been built since 2017, with 450 miles of the wall expected to be completed by 4Q20. There was no mention by Trump or the official of how much of the wall is "wired," or like what we said is "smart." 

Tyler Durden Wed, 09/18/2019 - 20:15
Published:9/18/2019 7:19:32 PM
[] Canadian PM and Woke Icon Justin Trudeau Wore Blackface -- Or "Brownface," Which Is Two Shades Less Serious -- At Party, Canada's Liberal Party is Forced to Admit I think we're going to find out that liberal dogmas about race-shaming aren't quite as dogmatic as applied in the cases of non-leftists. A lot of nuance will be discovered here. Note this isn't back in the sixties, of course.... Published:9/18/2019 7:19:32 PM
[Politics] BREAKING: Blackface photo emerges of Canada’s Prime Minister Justin Trudeau! Time Magazine just landed a whopper on Canadian Prime Minister Justin Trudeau, with pictures of him in blackface from back in 2001ish: NEW: Justin Trudeau Wore Brownface at 2001 ‘Arabian Nights’ Party . . . Published:9/18/2019 6:55:44 PM
[The Blog] Rep. Meadows: Comey’s congressional testimony at odds with what he told IG Horowitz, new referral needed

"We'll be referring those inconsistencies to you today, Mr. Horowitz..."

The post Rep. Meadows: Comey’s congressional testimony at odds with what he told IG Horowitz, new referral needed appeared first on Hot Air.

Published:9/18/2019 6:55:44 PM
[Uncategorized] Rep. Joe Kennedy to Challenge Sen. Markey in Massachusetts Senate Race Just what this country needs -- another political dynasty Published:9/18/2019 6:55:44 PM
[2019 News] Justin Trudeau Wore Brownface at 2001 ‘Arabian Nights’ Party While He Taught at a Private School, Canada’s Liberal Party Admits Justin Trudeau Wore Brownface at 2001 ‘Arabian Nights’ Party While He Taught at a Private School, Canada’s Liberal Party Admits. Oops, ehh? Maybe him and Virginia Governor Northam can trade makeup tips. Published:9/18/2019 6:55:44 PM
[Media] Regnery Publishing dunks on the new Brett Kavanaugh book by those New York Times reporters

Only one Brett Kavanaugh book can top the charts on Amazon.

The post Regnery Publishing dunks on the new Brett Kavanaugh book by those New York Times reporters appeared first on

Published:9/18/2019 6:55:44 PM
[Markets] Trump Balks At California Governor's Request For Homeless Aid Trump Balks At California Governor's Request For Homeless Aid

The Trump administration has rejected a request by California Governor Gavin Newsom for more money to combat the state's growing homelessness crisis, according to Bloomberg

Newsom and 13 mayors of the state's largest cities wrote to Trump this week in search of more federal funds to expand state-wide programs such as housing vouchers. 

"We can all agree that homelessness is a national crisis decades in the making that demands action at every level of government – local, state, and federal. In California, state and local governments have ramped up action to lift families out of poverty by investing in behavioral health, affordable housing, and other homeless programs," wrote the mayors. "In contrast, your Administration has proposed significant cuts to public housing and programs like the Community Development Block Grant."

Request denied

"Federal taxpayers are clearly doing their part to help solve the crisis," wrote Housing and Urban Development Secretary Ben Carson in a Wednesday reply to Newsom, written at the request of President Trump. "California cannot spend its way out of this problem using federal funds."

Trump, meanwhile, directed his administration last week to explore ways to combat the homelessness crisis in California. Ideas include relocating vagrants from Los Angeles's notorious skid row to vacant federal properties

Nearly 500,000 California households already receive some kind of federal housing assistance, Carson said in his letter, dated Wednesday, and subsidies per tenant are 38% higher than the national average. He said that Los Angeles alone -- where many freeway overpasses and public parks have become encampments -- is home to 19% of the nation’s entire homeless population. -Bloomberg

Carson added that California needs to let police officers refer homeless people to social services workers, and must increase its psychiatric hospital services - which could come via additional federal funding, according to the report. Here's the kicker however; California must end so-called "sanctuary city" policies which he says encourage illegal immigrants to flock to the state in search of government services. 

As we noted last week, Trump told Fox News host Tucker Carlson in July that his administration "may intercede" in cities like New York, San Francisco and Los Angeles. 

"You can't have what's happening -- where police officers are getting sick just by walking the beat.  I mean, they're getting actually very sick, where people are getting sick, where the people living there living in hell, too," said Trump. "We cannot ruin our cities.  And you have people that work in those cities. They work in office buildings and to get into the building, they have to walk through a scene that nobody would have believed possible three years ago."

Tyler Durden Wed, 09/18/2019 - 19:35
Published:9/18/2019 6:55:44 PM
[Entertainment] Shay Mitchell Leaves Her Boyfriend on Read While Celebrating Her Baby Shower With Strippers Shay Mitchell, YouTube, Baby ShowerBig mom energy! Shay Mitchell is ready to welcome her first child... but first, she had to have a bomb baby shower. "I know I said that I wasn't gonna have a baby shower...
Published:9/18/2019 6:55:44 PM
[worldNews] Trump says there are many options short of war with Iran after attacks on Saudis U.S. President Donald Trump said on Wednesday there were many options short of war with Iran after U.S. ally Saudi Arabia displayed remnants of drones and missiles it said were used in a crippling attack on its oil sites that was "unquestionably sponsored" by Tehran.
Published:9/18/2019 6:55:44 PM
[2db6f3b7-f0c5-570e-91a5-c9341b22430d] Gutfeld on Reason debunking Trump rally hate crime study Everyone else in media fell for the debunked study about Trump rallies.. Published:9/18/2019 6:55:44 PM
[77fb9b34-b885-5faf-bdf2-f2d65d2c9750] Mark-Paul Gosselaar wasn't approached about 'Saved by the Bell' reboot It appears the Bayside High School crew will be reuniting without some of its original "Saved by the Bell" stars -- at least as it stands for now.  Published:9/18/2019 6:55:44 PM
[Middle Column] Youth climate activist testifies to Congress: Warns ‘fix’ climate change or kids ‘will suffer catastrophic emotional injuries’
Published:9/18/2019 6:55:44 PM
[Politics] Trump's big idea to fix homelessness is to do what California is already doing — sort of

President Trump's plan to get homeless people off L.A. streets is to eliminate layers of regulation to make it easier and cheaper to build more housing. But it's too simple to link that approach with that of his liberal antagonists in California.

Published:9/18/2019 6:55:44 PM
[Markets] Key Words: An Apple-Disney merger? Here’s how Bob Iger says it could have happened Apple Inc. and the Walt Disney Co. could have merged had Steve Jobs not died, Disney Chief Executive Bob Iger believes.
Published:9/18/2019 6:55:44 PM
[Entertainment] Here's Why Tamar Braxton and The Real Ladies Are Still Feuding The Real, Tamar Braxton, Tamera Mowry-Housley, Loni Love, Jeannie Mai, Adrienne BailonThe ladies in daytime are keeping it real! It's been more than three years since news broke that Tamar Braxton would not be reprising her role as a co-host on The Real. In...
Published:9/18/2019 6:19:28 PM
[The Blog] Another city bans natural gas in new construction projects

Let us know how that works out

The post Another city bans natural gas in new construction projects appeared first on Hot Air.

Published:9/18/2019 6:19:28 PM
[Politics] Remember the Iraqi mechanic who sabotaged an American Airlines plane? He might have ties to ISIS Earlier this month we told you about an Iraq-born American Airlines mechanic who was charged with sabotaging an airplane before it took off. It was said that he was upset about stalled . . . Published:9/18/2019 6:19:28 PM
[Politics] Joe Kennedy to Challenge Sen. Markey in Primary U.S. Rep. Joe Kennedy III is set to announce a Democratic primary challenge to U.S. Sen. Edward Markey of Massachusetts in 2020.A person with knowledge of Kennedy's plans told The Associated Press he will formally make the announcement Saturday. The person wasn't authorized... Published:9/18/2019 6:19:28 PM
[worldNews] Lebanon court acquits one Australia bomb plot suspect: NNA Lebanon's military court acquitted one of four brothers accused of planning to blow up a flight from Sydney to Abu Dhabi nearly two years ago, state news agency NNA said on Thursday.
Published:9/18/2019 6:19:28 PM
[US News] Sen. Chuck Schumer says he doesn’t know any Democrats who back Beto O’Rourke’s gun confiscation scheme

Chuck Schumer must have missed the debates on TV.

The post Sen. Chuck Schumer says he doesn’t know any Democrats who back Beto O’Rourke’s gun confiscation scheme appeared first on

Published:9/18/2019 6:19:28 PM
[Markets] Ex-CEO Patrick Byrne sells all of his Overstock shares for $90 million Ex-CEO Patrick Byrne sells all of his Overstock shares for $90 million Published:9/18/2019 6:19:28 PM
[Events] Get your Startup Alley Exhibitor package plus bonus hotel stay It’s getting down to the wire for your opportunity to show off your early-stage startup in Startup Alley at TechCrunch Disrupt SF this October 2-4. There’s simply no better way to place your ideas and technology in front of influential change agents that can help you propel your business forward and set the stage for future success. […] Published:9/18/2019 6:19:28 PM
[structure:news] NHS spends £3 billion in 'avoidable' treatments for diabetes each year Published:9/18/2019 6:19:28 PM
[Politics] BREAKING: Blackface photos emerge of Canada’s Prime Minister Justin Trudeau! Time Magazine just landed a whopper on Canadian Prime Minister Justin Trudeau, with pictures of him in blackface from back in 2001ish: NEW: Justin Trudeau Wore Brownface at 2001 ‘Arabian Nights’ Party . . . Published:9/18/2019 6:19:28 PM
[Markets] U.S. Housing Finance "Worse Off Today" Than In 2008 U.S. Housing Finance "Worse Off Today" Than In 2008

Via Birch Gold Group,

Remember when the housing bubble started to burst in late 2007?

By September 2008, both Fannie Mae and Freddie Mac had experienced heavy losses and were placed into conservatorship. The government then advanced them a whopping $190 billion of taxpayer money to keep them afloat.

At the time, this action was described as “one of the most sweeping government interventions in private financial markets in decades.”

Turns out, the drama wasn’t over. In fact, it was just getting started...

After changing the terms of the conservatorship, both organizations were seized by the U.S. Treasury in 2012 to avoid a financial catastrophe like the one that had occurred during the Great Recession a few years earlier.

Given the benefit of experience, you would think Fannie Mae and Freddie Mac’s financial problems would have been cleaned up and resolved. But in a recent hearing for the Senate Banking Committee, Trump Administration officials warned, “The U.S. housing finance system is…

“Worse off today than it was on the cusp of the 2008 financial crisis.”

If the situation is worse now than it was 11 years ago, that means the $190 billion bailout didn’t do much good.

In fact, officials from the Administration are also warning that lending standards have deteriorated since 2008 and the two entities lack sufficient capital. (These loose lending standards help to explain the rise of unconventional loans.)

In light of these facts, the Committee meeting examined the Administration’s call to end conservatorship of Fannie and Freddie. In the hearing, Senator John Kennedy lamented that the “whole thing is a car wreck. It’s a dumpster fire.”

Senator Mark Warner added, “We could end up with a system that actually doesn’t end too-big-to-fail and doesn’t increase affordable access to credit” and is “going to put us right back to where we were prior to 2008.”

Together, Freddie Mac and Fannie Mae control about $5 trillion in mortgage-backed securities. That means the impact from any “car wreck”, like Senator Kennedy alluded to, could potentially be catastrophic to the economy.

Fannie and Freddie Are Severely Over-Leveraged

On its own, this information from the Committee hearing is sobering enough, but the same meeting also shed light on another disturbing fact:

“I will tell you as a safety-and-soundness regulator, when I look at a $3 trillion institution that is leveraged 1,000 to 1, it keeps me up at night,” Federal Housing Finance Agency Director Mark Calabria, the companies’ regulator, told the committee.

Thanks to a directive from Congress, both Fannie Mae and Freddie Mac are allowed to keep a total of $6 billion ($3 billion each) as a capital buffer. But they own or guarantee almost $5 trillion in mortgage securities.

That’s why Calabria is losing sleep at night. Two entities that control half of the mortgage-backed securities in the U.S. are effectively one thousand times over-leveraged.

To put that in perspective, if just 0.12% of Fannie and Freddie’s mortgages go bad (about one-tenth of 1%), it would wipe them out completely. They’d have no capital left. And without a government bailout, they might cease to exist altogether.

Fannie and Freddie are critical to maintaining liquidity in the real estate market. Without these two entities repackaging and guaranteeing mortgages, the sale of homes would be decimated, causing a massive ripple effect across the entire real estate market.

It would not be an understatement to say that billions (if not trillions) in savings could be wiped out within months of Fannie and Freddie going belly up.

Maybe that should be keeping all of us up at night, too.

Don’t Let a Housing “Car Wreck” Ruin Your Retirement

These are interesting times indeed. The impending housing bubble, a rise in risky loans, and both Freddie Mac and Fannie Mae may be heading towards the end of the road. And all of them seem to be following a similar script to 2008.

Don’t let your retirement suffer, like many did after the Great Recession. Now is a good time to consider hedging your bets.

Diversify into assets known to be a source of protection during times of economic disruption, such as gold and silver. There may never be a better time to protect your savings than right now.

*  *  *

After 8 long years of ultra-loose monetary policy from the Federal Reserve, it's no secret that inflation is primed to soar. If your IRA or 401(k) is exposed to this threat, it's critical to act now! That's why thousands of Americans are moving their retirement into a Gold IRA. Learn how you can too with a free info kit on gold from Birch Gold Group. It reveals the little-known IRS Tax Law to move your IRA or 401(k) into gold. Click here to get your free Info Kit on Gold.

Tyler Durden Wed, 09/18/2019 - 19:15
Published:9/18/2019 6:19:28 PM
[3d50e075-0fb9-5b64-a0ba-f17382a548d6] Britney Spears' next conservatorship hearing to be closed to the public Judge Brenda Penny ruled that because medical, mental health and child issues would be discussed, the courtroom should be sealed. Published:9/18/2019 6:19:28 PM
[] Iraqi Immigrant Who Sabotaged Plane Denied Bail After Violent ISIS Videos Discovered on His Phone I didn't jump on this story when it came out a week or two ago, waiting for evidence to justify my suspicions that he didn't sabotage a plane's engine only to get more overtime pay fixing it. Well, the evidence... Published:9/18/2019 6:19:28 PM
[World] Liberal activists harass unsavory industries through bank discrimination

The days of liberal activists pushing their agenda the old-fashioned way no longer apply.

Now, liberals are using a new tactic: Pressuring private companies into severing ties with industries the left deems unsavory.

Boycott campaigns came first, and we have seen progress in shifting corporate marketing toward a "woke" liberal ... Published:9/18/2019 5:51:08 PM

[Entertainment] All the Details on E's Live From the Red Carpet: The 2019 Emmy Awards Coverage 2019 EmmysEver seen the Emmys carpet up close? To those who have, welcome back! And to those who haven't, there's a first time for everything. So, how about this Sunday? Thanks to E!'s...
Published:9/18/2019 5:51:08 PM
[Politics] Ocasio-Cortez Rips 'Condescension' in NY Times Report Rep. Alexandria Ocasio-Cortez, D-N.Y., on Wednesday slammed The New York Times for its "dripping condescension" for a report suggesting that the "learned to play by Washington's rules" in her first year on Capitol... Published:9/18/2019 5:51:08 PM
[da995ced-9f6c-577f-9d79-67ed8c0f1628] Christian Whiton: Trump’s new national security adviser will help build on foreign policy successes Trump is doubling down on his own winning strategy. by appointing Robert O'Brien as national security adviser. Published:9/18/2019 5:51:08 PM
[topics:organisations/university-of-edinburgh] Bookworm who stole 7,000 books from university libraries earned £40,000 from their online sale Published:9/18/2019 5:51:08 PM
[Media] ‘Talk about irony’! Neontaster rips Vox’s ‘advantage the Electoral College gives to Republicans’ explainer to shreds

Brutal truth (Team Hillary hardest hit).

The post ‘Talk about irony’! Neontaster rips Vox’s ‘advantage the Electoral College gives to Republicans’ explainer to shreds appeared first on

Published:9/18/2019 5:51:08 PM
[Law] Arizona’s Supreme Court Notches a Win for Free Speech, Religious Liberty

The Arizona Supreme Court handed a win to two Christian artists Monday in the latest dispute over religious liberty and non-discrimination laws. The court ruled... Read More

The post Arizona’s Supreme Court Notches a Win for Free Speech, Religious Liberty appeared first on The Daily Signal.

Published:9/18/2019 5:51:08 PM
[Markets] Governments Not Prepared For Pandemic That Could Kill 80 Million People, Warns WHO Governments Not Prepared For Pandemic That Could Kill 80 Million People, Warns WHO

Authored by Paul Joseph Watson via Summit News,

Governments are not prepared for a devastating pandemic that could kill up to 80 million people, a new report warns.

The report was published by the Global Preparedness Monitoring Board, a joint entity formed by the World Bank and the World Health Organization.

“There is a very real threat of a rapidly moving, highly lethal pandemic of a respiratory pathogen killing 50 to 80 million people and wiping out nearly 5% of the world’s economy,” warns the paper, adding that “the world is not prepared” for this.

“A global pandemic on that scale would be catastrophic, creating widespread havoc, instability and insecurity,” the organization warns.

The GPMB says governments need to invest more in emergency preparedness and that misinformation on social media is also exacerbating the spread of diseases.

As we reported last month, the rise of “doomsday prepping” is largely driven by reports from mainstream institutions such as the GPMB and mainstream media reports, not “right wing conspiracy theories” as some have claimed.

*  *  *

My voice is being silenced by free speech-hating Silicon Valley behemoths who want me disappeared forever. It is CRUCIAL that you support me. Please sign up for the free newsletter here. Donate to me on SubscribeStar here. Support my sponsor – Turbo Force – a supercharged boost of clean energy without the comedown.

Tyler Durden Wed, 09/18/2019 - 18:35
Published:9/18/2019 5:51:08 PM
[cb34f2f7-96f9-5fe5-96fe-ef684c657663] Moby reveals large 'vegan for life' neck tattoo Moby showed off his new "vegan for life" neck tattoo in a photo on Tuesday. Published:9/18/2019 5:51:08 PM
[Politics] Remember the Iraqi mechanic who sabotaged an American Airlines plane? He might have ties to ISIS Earlier this month we told you about an Iraq-born American Airlines mechanic who was charged with sabotaging an airplane before it took off. It was said that he was upset about stalled . . . Published:9/18/2019 5:51:08 PM
[Politics] HUD official Lynne Patton slapped with violation over red USA cap in office Government watchdogs bared their fangs at HUD official Lynne Patton Wednesday, slapping the Trump family friend with ethics violations — for the outrage of stashing a red “USA” cap being sold by the Trump campaign on a shelf in her office. Patton, a regular on social media, was also dinged for using her official Twitter... Published:9/18/2019 5:51:08 PM
[32684474-d263-54ed-94e7-b4cf7f7a0a7d] Alec Baldwin and wife Hilaria expecting baby No. 5 months after revealing miscarriage: 'God is good' Baby bliss! Alec and Hilaria Baldwin are expecting their fifth child together.  Published:9/18/2019 5:18:59 PM
[US News] Ratio in progress: House Dems ‘future’s so bright we gotta wear shades’ photo BEGGED for captions (and tweeters delivered!)

"This breaks the cringe threshold."

The post Ratio in progress: House Dems ‘future’s so bright we gotta wear shades’ photo BEGGED for captions (and tweeters delivered!) appeared first on

Published:9/18/2019 5:18:59 PM
[Politics] A Trump Ban on Flavored E-Cigarettes Will Cost Him the 2020 Election: Data on 12 Important Swing States Published:9/18/2019 5:18:59 PM
[Entertainment] Nick Carter Claims Aaron Carter Revealed ''Thoughts of Killing Babies'' In Restraining Order Filing Aaron Carter, Nick CarterThe family feud between Nick and Aaron Carter is far from over. One day after Nick filed a restraining order against his younger brother, court documents obtained by multiple outlets and...
Published:9/18/2019 5:18:59 PM
[Markets] The Most Profitable Business In The World? The Most Profitable Business In The World?

Authored by Simon Black via,

More than 5,000 years ago on a hilltop located in modern-day Georgia (the country, not the state), a group of people from the prehistoric Kura-Araxes civilization gathered their primitive tools and began to dig.

It took years. But they eventually burrowed 20 meters deep into the earth and constructed a network of elaborate tunnels.

Thousands of years later, archaeologists and geologists figured out why: the Kura-Araxes were digging for gold.

And that site, known as Sakdrisi-Kachagiani, is the oldest gold mine in the world. It predates Ancient Egypt and even Mesopotamia.

And it shows that, even in prehistoric times, our early ancestors valued gold.

Nearly every great civilization from every corner of the planet since then has continued to mine for gold– from Greece and Rome to China’s Zhou dynasty in the first millennium BC, to the Inca and Aztec.

Mining was so important in ancient times, in fact, that wars frequently broke out over control of the best-producing mines.

In many respects, a gold mine is the ultimate asset. Even to this day we still use the term ‘gold mine’ to refer to a fantastic investment.

And obviously gold mines themselves can be phenomenal investments.

We’ve been talking about gold a lot lately and discussing different ways to own it. I’ve encouraged you to avoid buying into a gold ETF, and instead to buy the most prominent physical coins (like Canadian Maple Leaf gold coins).

But one very interesting (and completely different) way to invest in gold is to buy shares of mining companies.

Mining companies generate profit based on the difference between their mining costs and mining revenue.

So as the price of gold increases, mining company profits tend to increase as well, pushing their stock prices higher.

Among miners, the largest are known as the ‘majors’ or ‘senior producers’, including companies like Goldcorp, Kinross Gold, Barrick Gold, Newcrest Mining, Gold Fields, etc.

Majors are typically multi-billion dollar companies that have been around for decades, similar to how Exxon-Mobil and Royal Dutch Shell dominate the oil business.

Majors also frequently pay dividends to their shareholders, which means you could profit from an increase in the gold price while also generating regular cashflow.

And while this might sound great, there’s a slightly different business model in the mining industry that I think is even more compelling.

Business is difficult, and mining is no exception. Large mining companies have thousands of employees and often operate in difficult jurisdictions. Things go wrong all the time– strikes, major accidents, political instability, etc. And these can all affect the company’s performance.

But there’s another category of businesses in the mining industry called royalty or streaming companies.

Gold streaming/royalty companies are quasi-banks; they provide capital up-front to mining companies to help build and develop mines.

And in exchange they usually receive a royalty on every ounce of gold (or silver, etc.) that’s produced from that mine, whether in the form of a cash payment, or a portion of the production itself.

Now, read this next statement very carefully:

Gold streaming is the most profitable business model in the world.

That’s because, while the major mining companies have to hire tens of thousands of people to operate their mines, the streaming/royalty companies can operate with minimal overhead.

Barrick Gold, one of the largest gold miners in the world, generated $1.765 billion in Operating Cash Flow in 2018 according to its annual report.

(Operating Cash Flow is a great benchmark to measure the real-world profitability of a company’s core operating business, without factoring in accounting gimmicks or capital investments.)

Given that Barrick Gold has more than 20,000 employees, that works out to be around $82,000 in Operating Cash Flow per employee.

Franco Nevada is the world’s largest gold royalty and streaming company. And according to its annual report, Franco Nevada had $474 million in Operating Cash Flow in 2018.

Except that Franco Nevada only has 34 employees! That means Franco Nevada generated over $13 million in cash flow per employee last year.

Franco Nevada’s business model is more profitable than:

– Apple ($629,000 Operating Cash Flow per employee)

– Google ($463,000 Operating Cash Flow per employee)

– Netflix (NEGATIVE $377,000 Operating Cash Flow per employee)

– Exxon-Mobil ($507,000 Operating Cash Flow per employee)

– JP Morgan ($56,000 Operating Cash Flow per employee)

Now, I’m not recommending that you buy shares of Franco Nevada (or any other company) right now; Franco Nevada shares sell at nearly 50x operating cash flow– and that’s pretty expensive in my opinion.

But it’s definitely an industry worth watching and potentially accumulating when valuations become more attractive.

Now, there’s one more segment of the industry that you should know about: ‘junior’ mining companies.

Unlike the major producers which operate large mines, juniors are usually tiny companies that explore for new gold deposits.

These are very high risk ventures. It’s entirely possible that a junior mining company looking for gold burns through all of its investors’ capital but comes up with nothing.

Then again, from time to time, a ‘junior’ / exploration company with a great property and solid management will discover a substantial deposit.

And its stock price can shoot up 10x, 50x, even 100x.

Within mining, this is the place where fortunes can be made (and lost).

They’re high risk and very speculative. But given how phenomenal the potential returns are, qualified investors who can bear the risk might consider allocating a small portion of their capital to speculate in juniors.

The right investment could literally be a gold mine.

And to continue learning how to safely grow your wealth, I encourage you to download our free Perfect Plan B Guide.

Tyler Durden Wed, 09/18/2019 - 17:55
Published:9/18/2019 5:18:59 PM
[The Blog] Biden: My child-care tax credit will add 720 million women to the work force!

Math is hard.

The post Biden: My child-care tax credit will add 720 million women to the work force! appeared first on Hot Air.

Published:9/18/2019 5:18:59 PM
[Security] Trump Hints at New Iran Sanctions, Prefers to Avoid ‘Ultimate Option’ of War

President Donald Trump says he will announce new actions by Friday regarding Iran’s suspected role in attacking oil fields in Saudi Arabia.  “We’ll be adding... Read More

The post Trump Hints at New Iran Sanctions, Prefers to Avoid ‘Ultimate Option’ of War appeared first on The Daily Signal.

Published:9/18/2019 5:18:59 PM
[2019 News] Trump administration rejects CA effort to obtain more funds to fight homelessness Trump administration rejects CA effort to obtain more funds to fight homelessness. Democrats create a nightmare then have the stones to ask Trump to give them money. “Your letter seeks more Federal dollars for California from hardworking American taxpayers but fails to admit that your State and local policies have played a major role in […] Published:9/18/2019 5:18:59 PM
[Markets] Dow Jones Futures: Stock Market Rally Steady, Apple In Buy Range After Fed Rate Cut; Microsoft Sets Big Buyback Dow Jones futures: The stock market rally held up after a Fed rate cut. Apple stock is a buy again. Microsoft stock rose late on a buyback. Will AT&T; sell DirecTV? Published:9/18/2019 5:18:59 PM
[Markets] Rex Nutting: In a time of Trump, the Fed doesn’t know what’s going to happen next Fed Chair Jerome Powell doesn’t know the answer, he knows he doesn’t know, and he knows you know he doesn’t know. So quit asking.
Published:9/18/2019 5:18:59 PM
[] Brutal New Ad Questions -- Or Rather, Denies -- Joe Biden's Mental Fitness Before that, check out this admission against interest from this fat soy-based baby bitch:... Published:9/18/2019 5:18:59 PM
[Politics] The NRA and Ted Cruz DUMP on White House gun control memo… The NRA has come out against the gun control memo being circulated by the White House and AG Barr among Republicans today, calling it a “non-starter”: THE HILL – A spokesperson for . . . Published:9/18/2019 4:49:20 PM
[Politics] The NRA and Ted Cruz DUMP on White House gun control memo… The NRA has come out against the gun control memo being circulated by the White House and AG Barr among Republicans today, calling it a “non-starter”: THE HILL – A spokesperson for . . . Published:9/18/2019 4:49:20 PM
[Middle Column] Seattle teen testifies to Congress: Our ‘planet that is collapsing’ – ‘Solving the climate crisis goes against’ what America was ‘built on’: ‘Colonialism, slavery & natural resource extraction’

Jamie Margolin: "Solving the climate crisis goes against everything that our country was unfortunately built on, colonialism, slavery and natural resource extraction" 

"I want the entirety of Congress, in fact the whole US government, to remember the fear and despair that my generation lives with every day, and I want you to hold onto it. How do I even begin to convey to you what it feels like to know that within my lifetime the destruction that we have already seen from the climate crisis will only get worse?" 

"Everyone who will walk up to me after this testimony saying I have such a bright future ahead of me, will be lying to my face. It doesn’t matter how talented we are, how much work we put in, how many dreams we have, the reality is, my generation has been committed to a planet that is collapsing."

"You have heard of the Reagan era; The New Deal era. Well,  the youth are bringing about the era of the Green New Deal." She demanded "urgent climate action" in order to "salvage life on earth" and begin "climate recovery." 

Published:9/18/2019 4:49:20 PM
[d9b6d99a-093d-5c7a-b9ab-15db35502a6d] Jennifer Aniston was told to lose 30 pounds early in her career, book claims Before landing her role on "Friends" and becoming the A-list star she is today, Jennifer Aniston was among the many actresses trying their best to make it in unforgiving Hollywood, according to a new book.  Published:9/18/2019 4:49:20 PM
[Markets] Dow Jones Index Reverses Losses, Closes Up 0.13% The Dow Jones Industrial Average Index rose 36.28 points for a 0.13% increase today. The S&P; 500 Index gained 0.07% while tech ETFs mirrored that increase. Published:9/18/2019 4:49:20 PM
[Entertainment] The Sinner Dives Into Disturbing Car Accident in Season 3 First Look The Sinner, Season 3The Sinner is back, and Detective Harry Ambrose (Bill Pullman) has a new crime to solve. In the third season of the anthology series, Ambrose is investigating a fatal car accident in...
Published:9/18/2019 4:49:20 PM
[Politics] FAU Poll: Trump Tied With Biden, Warren, Bernie In the state of Florida, President Donald Trump is statistically tied with former Vice President Joe Biden, Sen. Elizabeth Warren, D-Mass., and Sen. Bernie Sanders, I-Vt., according to the latest Florida Atlantic University poll on Wednesday. Published:9/18/2019 4:49:20 PM
[The Blog] Trump hits back at Lindsey Graham: If you think it was weak not to bomb Iran, remind yourself how Iraq turned out; Update: Bolton rips Trump policy at private event


The post Trump hits back at Lindsey Graham: If you think it was weak not to bomb Iran, remind yourself how Iraq turned out; Update: Bolton rips Trump policy at private event appeared first on Hot Air.

Published:9/18/2019 4:49:20 PM
[Media] WaPo columnist: It’s a ‘lingering wound’ that Brett Kavanaugh never just said he was young and dumb and drunk

If Brett Kavanaugh had just admitted he was young and dumb and drunk his confirmation would have sailed through.

The post WaPo columnist: It’s a ‘lingering wound’ that Brett Kavanaugh never just said he was young and dumb and drunk appeared first on

Published:9/18/2019 4:49:20 PM
[Markets] DOJ Sued For Records Of FBI Agent Who Helped Circulate Steele Dossier DOJ Sued For Records Of FBI Agent Who Helped Circulate Steele Dossier

A Freedom of Information Act (FOIA) lawsuit was filed against the US Justice Department on Wednesday by legal watchdog group Judicial Watchseeking records concerning FBI Special Agent Michael Gaeta - an agency Legal Attaché in Rome who helped circulate the infamous Steele Dossier. 

Christopher Steele

The JW lawsuit seeks:

  • All records of communications, including emails (using [his or her] own name or aliases), text messages, instant chats and encrypted messages, sent to and from former FBI Legal Attaché in Rome, Special Agent Michael Gaeta, mentioning the terms “Trump”, “Clinton”, “Republican”, “Democrat”, and/or “conservatives.”
  • All SF50s and SF52s of SA Michael Gaeta.
  • All expense reports and travel vouchers submitted for SA Michael Gaeta.

According to August 2018 testimony by the DOJ's former #4 official Bruce Ohr, dossier author Christopher Steele gave two memos from his salacious, Clinton-funded opposition research to Gaeta.

In the July 30 meeting, Chris Steele also mentioned something about the doping — you know, one of the doping scandals. And he also mentioned, I believe — and, again, this is based on my review of my notes — that he had provided Mr. Gaeta with two reports…”

The only thing I recall him mentioning is that he had provided two of his reports to Special Agent Gaeta.

According to the Epoch Times, Gaeta was authorized by former Assistant Secretary of State Victoria Nuland to meet with Steele at his London office in order to obtain dossier materials. 

The purpose of the London visit was clear. Steele was personally handing the first memo in his dossier to Gaeta for ultimate transmission back to the FBI and the State Department.

For this visit, the FBI sought permission from the office of Nuland, the assistant secretary of state for European and Eurasian affairs. Nuland, who had been the recipient of many of Steele’s reports, gave permission for the more formal meeting. On July 5, 2016, Gaeta traveled to London and met with Steele at the offices of Steele’s firm, Orbis.

The FBI's scramble to vet the dossier's claims are well known. According to an April, 2017 NYT reportthe FBI agreed to pay Steele $50,000 for "solid corroboration" of his claims. Steele was apparently unable to produce satisfactory evidence - and was not paid for his efforts:

Mr. Steele met his F.B.I. contact in Rome in early October, bringing a stack of new intelligence reports. One, dated Sept. 14, said that Mr. Putin was facing “fallout” over his apparent involvement in the D.N.C. hack and was receiving “conflicting advice” on what to do.

The agent said that if Mr. Steele could get solid corroboration of his reports, the F.B.I. would pay him $50,000 for his efforts, according to two people familiar with the offer. Ultimately, he was not paid. -NYT

Still, the FBI used the dossier to obtain the FISA warrant on former Trump campaign aide Carter Page - while the document itself was heavily shopped around to various media outlets. The late Sen. John McCain provided a copy to Former FBI Director James Comey, who already had a version, and briefed President Trump on the salacious document. Comey's briefing to Trump was then used by CNN and BuzzFeed to justify reporting on and publishing the dossier following the election. 

"The FBI is covering up its role in the Russiagate hoax," said Judicial Watch President Tom Fitton. "Judicial Watch has had to fight the FBI ‘tooth and nail’ for every scrap of information about the illicit targeting of President Trump."

Tyler Durden Wed, 09/18/2019 - 17:35
Published:9/18/2019 4:49:19 PM
[topics:in-the-news/today-programme] John Humphrys to interview Tony Blair and David Cameron as Today programme dedicates chunk of show to honouring longest serving presenter Published:9/18/2019 4:18:13 PM
[Politics] In major win for consumers, Trump revokes California’s waiver on auto emissions standards Published:9/18/2019 4:18:12 PM
[Markets] U.S. Steel stock falls on third-quarter outlook U.S. Steel stock falls on third-quarter outlook Published:9/18/2019 4:18:12 PM
[Markets] The Big Stock Market Winners Today Were Just Plain Weird Utility stocks rise when yields fall. Banks stocks gain when they rise. They finished as the stock market's top two sectors after the Fed meeting, which really isn’t supposed to happen. Published:9/18/2019 4:18:12 PM
[Markets] NewsWatch: Wall Street vet dunks on Suze Orman’s ‘peeing $1 million down the drain’ take Earlier this year, Suze Orman, with a net worth well into eight figures, said nobody should be buying a daily cup of coffee. Ellevest’s Sallie Krawcheck explains why that’s “terrible advice.”
Published:9/18/2019 4:18:12 PM
[Uncategorized] Gas explosion rips apart Russian research lab containing Smallpox, Ebola Incident follows submarine fire that killed Russian naval officers and radiation spike following explosion at military base. Published:9/18/2019 4:18:12 PM
[The Blog] Elizabeth Warren won’t tell the truth about middle-class taxes despite Stephen Colbert pleading with her to do so

"But will their taxes go up?"

The post Elizabeth Warren won’t tell the truth about middle-class taxes despite Stephen Colbert pleading with her to do so appeared first on Hot Air.

Published:9/18/2019 4:18:12 PM
[worldNews] Trump says there are many options short of war with Iran after attack on Saudis U.S. President Donald Trump said on Wednesday there were many options short of war with Iran after U.S. ally Saudi Arabia displayed remnants of drones and missiles it said were used in a crippling attack on its oil sites that was "unquestionably sponsored" by Tehran.
Published:9/18/2019 4:18:12 PM
[Politics] Sen. Manchin: O'Rourke's 'Not Taking My Guns Away From Me' Ex-Rep. Beto O'Rourke, D-Texas, will not confiscate my guns, Sen. Joe Manchin, D-W.Va., said Wednesday. Published:9/18/2019 4:18:12 PM
[Media] ‘OMG, just give it up’! Robin Pogrebin chose quite possibly the worst blurb to pimp her hit job on Brett Kavanaugh

"You have no shame, no conscience and no dignity. It's actually quite amusing to watch."

The post ‘OMG, just give it up’! Robin Pogrebin chose quite possibly the worst blurb to pimp her hit job on Brett Kavanaugh appeared first on

Published:9/18/2019 4:18:12 PM
[Entertainment] Nikki Bella Puts Artem Chigvintsev in the Hot Seat When Talking Baby Plans Nikki Bella, Artem ChigvintsevNothing like putting your significant other on the hot spot! On today's brand-new episode of The Bellas Podcast, Nikki Bella was joined by her boyfriend Artem Chigvintsev in...
Published:9/18/2019 4:18:12 PM
[Markets] Meet Israel's New "Kingmaker" & Why War With Hamas Is Imminent Meet Israel's New "Kingmaker" & Why War With Hamas Is Imminent

Authored by Michael Snyder via The End of The American Dream,

Last November, Avigdor Lieberman resigned as Israel’s defense minister when Israeli Prime Minister Benjamin Netanyahu decided to reject Lieberman’s plan for a military operation in Gaza and agree to a ceasefire with Hamas instead.  At the time, Lieberman called the ceasefire a “surrender to terrorism”, and of course it didn’t last very long at all.  Hamas has continued to bombard Israel with rockets in the months since then, and this has once again brought Israel and Hamas to the brink of war.  But everything was on hold until Tuesday’s election, and it appears that the outcome of that election is going to make war with Hamas much, much more likely.

According to the exit polls, the Blue and White party led by Benny Gantz and Netanyahu’s Likud will win about the same number of parliamentary seats.  But neither of them will be able to come close to forming a majority without Lieberman’s Yisrael Beiteinu party, and that makes Lieberman Israel’s new “kingmaker”.  The following comes from the BBC

Exit polls following Israel’s second general election in five months suggest the result is too close to call.

The centrist Blue and White alliance of former military chief Benny Gantz is projected to win between 32 and 34 seats, and PM Benjamin Netanyahu’s right-wing Likud party 30 to 33 seats.

Yisrael Beiteinu party leader Avigdor Lieberman may end up being kingmaker.

This gives Lieberman an extraordinary amount of leverage, and he has already stated that he plans to use that leverage to force Likud and the Blue and White party into “a national-unity government”.  The following comes from the Jerusalem Post

Yisrael Beytenu chairman Avigdor Liberman promised on Tuesday night that his party would fulfil its campaign vow to ensure the establishment of a national-unity government without the ultra-Orthodox and religious-Zionist parties.

“We have only one option. A liberal, national, broad unity government made of Yisrael Beytenu, Likud, and Blue and White,” said Liberman speaking above raucous cheers of jubilation at the party’s election party late Tuesday night.

Don’t be misled by Lieberman’s use of terms such as “liberal”, because the truth is that he is the number one war hawk in all of Israeli politics.

In fact, he makes Netanyahu look like a dove in comparison.  When Netanyahu refused to go to war with Hamas last November, Lieberman promptly resigned as defense minister.  And since that time, he has been telling anyone that would listen what needs to be done in Gaza.

For example, he made the following statements in March

“Today, when the military enters Gaza, it will have significantly better capabilities than the Second Lebanon War. But in the end, when you embark on such a campaign, you want to ensure the safety of the soldiers,” he said. “Terror always has a bottom. In order to dry out terror, we must reach the critical mass. You have to kill thousands, arrest thousands more, and the rest will disperse.”

But, he said, “The reality in Gaza is that the group has terror infrastructures with military capabilities, and this is a very problematic situation. We have to destroy the military infrastructure in Gaza, and it will not be by a political move or only by airstrikes.”

And he has been very outspoken about the fact that Netanyahu “personally torpedoed” his plans “to deal with Gaza”…

Former Defense Minister MK Avigdor Liberman said Prime Minister Benjamin Netanyahu personally torpedoed plans to strike Gaza during a significant escalation in violence between Israel and Hamas in November.

“Netanyahu personally torpedoed the plans,” the Chairman of Yisrael Beytenu told Ben Caspit at the Maariv Security Conference on Wednesday. “We have enough tools to deal with Gaza and I had a full plan.”

In this election, it looks like Lieberman’s Yisrael Beiteinu party will roughly double the number of seats they hold in parliament, and I guarantee you that Lieberman will not join any coalition unless he is assured that Israel will invade Gaza.

In the days leading up to the election, I think that Netanyahu realized that he was losing votes to Lieberman, and that may be why he said that it looks like Israel has “no other choice” other than to invade Gaza.  In the end, that didn’t stop many Israelis from voting for Lieberman instead, and now Lieberman has more political power than ever.

If Netanyahu had moved to crush Hamas earlier, he might not be fighting for his political future now.  The Israeli people have grown very weary of rockets constantly being fired at them from the south, and an increasing number of Israelis want someone that will take decisive action.  So it is not exactly a surprise that someone like Lieberman has experienced a surge in popularity.

So what should we expect next?

After the formation of a government, we should expect Israel to launch a military operation inside Gaza at some point after the upcoming Jewish holidays.  Of course this would have the potential of sparking a much wider regional conflict, but the Israeli people are simply not going to put up with the endless rocket attacks coming from Gaza any longer.

And of course all of this is happening at the same time that a military conflict between the United States and Iran is potentially looming.  World War 3 could literally erupt at any time, and once it starts, the Middle East will never be the same again.

For Hamas, the Israeli election could not have gone any worse.

If either Likud or the Blue and White party had won a landslide victory, there would have been a slight possibility that war could have been avoided.

But now Lieberman is in the catbird seat, and that means that Gaza is about to get flattened.

Tyler Durden Wed, 09/18/2019 - 17:15
Published:9/18/2019 4:18:12 PM
[World] Robert O'Brien's task as Trump's new national security adviser begins

The appointment of Robert O’Brien, a skilled negotiator and non-ideological foreign policy professional, to succeed John Bolton as national security adviser marks a significant turning point in the White House’s national security strategy to confront and prevail against robust adversaries, especially China and Iran, in an increasingly complex and dangerous ... Published:9/18/2019 3:57:42 PM

[Politics] Trump's border wall reportedly threatens 22 archaeological sites in Arizona

An internal report obtained by the Washington Post found that several archaeological sites at the Organ Pipe Cactus National Monument "likely will be wholly or partially destroyed by forthcoming border fence construction."

Published:9/18/2019 3:57:42 PM
[Hollywood] Roseanne Barr Hammers Hollywood’s Hypocrisy During Comeback Announcement

The following article, Roseanne Barr Hammers Hollywood’s Hypocrisy During Comeback Announcement, was first published on Godfather Politics.

Hollywood just can’t keep Rosanne Barr down and she is planning a come-back with a new comedy tour. But not before she has her say about the hypocrites in Hollywood. Barr recently spoke out to criticize former castmate Sara Gilbert, actress Debra Messing, and Hollywood’s hypocrisy over President Donald Trump. In an exclusive interview with ...

Continue reading: Roseanne Barr Hammers Hollywood’s Hypocrisy During Comeback Announcement ...

Published:9/18/2019 3:57:42 PM
[Entertainment] All the Details on Demi Lovato and Mike Johnson's Budding Romance and ''Instant Connection'' Demi Lovato, Mike Johnson If this was an episode of The Bachelorette, Demi Lovato would definitely be giving Mike Johnson the first impression rose. But alas, this is not a reality TV show. Unlike The...
Published:9/18/2019 3:57:42 PM
[structure:news/uk-news] BBC presenters told to pay tens of thousands in back taxes as judge rules against them despite finding they were 'forced' into contracts by corporation Published:9/18/2019 3:57:42 PM
[The Blog] Finally. Actual flying cars are in development

Of course, you probably won't get one

The post Finally. Actual flying cars are in development appeared first on Hot Air.

Published:9/18/2019 3:57:42 PM
[Politics] Rep. Mike McCaul: Trump 'Playing It Right' on Iran Rep. Mike McCaul, R-Texas, said Wednesday, though the assault "does deserve a response," President Donald Trump is "playing it right" on Iran after the weekend attack on two major Saudi oil refineries. Published:9/18/2019 3:57:42 PM
[Markets] Ron Paul Warns: US Rates Are Going Negative & The Fed Can't Stop It Ron Paul Warns: US Rates Are Going Negative & The Fed Can't Stop It

Authored by Mac Slavo via,

Former Texas congressman, Dr. Ron Paul, says that the United States won’t be the exception when negative interest rates crush the economy. Dr. Paul is warning negative interest rates are coming, and the Federal Reserve cannot stop it.

“We will join the rest of them and go to total negative rates in hopes that that will be the solution,” Dr. Paul told CNBC’s “Futures Now” this week.

“We’ve never had as many currencies in negative interest rates. $17 trillion worth of bonds [are] in negative interest rates. It’s never existed before. And, that’s a bubble. So, we’re in the biggest bond bubble in history, and it’s going to burst.”

Dr. Paul, who is a former presidential candidate and vocal libertarian is well-known for his economic and stock market bubble warnings as well as his stance on small or non-existent government. He says that the Federal Reserve’s policies are powerless in this current bubble environment and that this week’s Fed meeting will not provide any kind of relief to Americans. He also says cutting interest rates again will not be the answer.

“You can’t predict exactly where the creation of credit goes,” said Dr. Paul.

“We have a ton of inflation with all that QE [quantitative easing]. And, every time you lower interest rates below market levels and create new credit, that’s a bubble.

Dr. Paul admits that it’s impossible to predict when the markets will collapse and the bubbles will all burst.

 “You don’t know this precise time. But you know it can happen,” he said.

“How do you sell a bond that pays a negative rate? Who’s going to jump up and down?”

And the U.S. is only going to be protected from an economic depression temporarily.  The stock market will only insulate for so long before it’ll take hits too. Dr. Paul says central banks, which drastically lower interest rates destroy the pricing mechanism in financial markets, can’t stop the ultimate collapse. 

“I don’t think anything even existed coming close to what we’re facing today,” Paul said.

Tyler Durden Wed, 09/18/2019 - 16:35
Published:9/18/2019 3:57:42 PM
[Politics] “You tell Beto that, OK?” – Joe Manchin drops the MIC on Beto’s gun confiscation Beto has been getting under the skin of some Democrats with his in your face “Hell yes we’re gonna take your AR-15” message. One of these Democrats, who doesn’t to be lumped . . . Published:9/18/2019 3:57:42 PM
[Politics] “You tell Beto that, OK?” – Joe Manchin drops the MIC on Beto’s gun confiscation Beto has been getting under the skin of some Democrats with his in your face “Hell yes we’re gonna take your AR-15” message. One of these Democrats, who doesn’t to be lumped . . . Published:9/18/2019 3:57:42 PM
[ab57e408-7e04-5da0-b4b8-5ea354d420ab] Demi Moore’s split from Ashton Kutcher was 'a nightmare' and 'took her years to get over': report Demi Moore apparently had a challenging time overcoming her breakup and divorce from Ashton Kutcher. Published:9/18/2019 3:57:42 PM
[worldNews] U.S. senators urge Trump administration to end nuclear talks with Saudis Two Democratic U.S. senators on Wednesday urged Trump administration officials to halt talks with Saudi Arabia on building nuclear reactors after weekend attacks that halved the country's oil output and increased instability in the Middle East.
Published:9/18/2019 3:57:42 PM
[Markets] The Dow Finished Higher After the Fed Did What Was Expected and That Turned Out to Be Enough There had been some concern before the meeting that the Fed might not lower interest rates. But the Fed cut rates by a quarter point, and nothing else. Donald Trump is not happy. Published:9/18/2019 3:57:42 PM
[Media] John Harwood thanking Brian Fallon for saying he’s ‘one of the most credible journalists around’ should help put some media bias suspicions to rest

"This is incredible."

The post John Harwood thanking Brian Fallon for saying he’s ‘one of the most credible journalists around’ should help put some media bias suspicions to rest appeared first on

Published:9/18/2019 3:57:42 PM
[Markets] Obama weighs in on Big Data, privacy in Silicon Valley fireside chat The slippery slope of data has never been more crucial, former President Barack Obama warns in a far-ranging fireside chat at a tech conference in San Francisco on Wednesday.
Published:9/18/2019 3:57:41 PM
[In The News] News Outlets Almost Completely Ignore Reporting On Part Of A Kavanaugh Allegation, Analysis Finds

By Shelby Talcott -

ABC, CBS and NBC almost completely ignored reporting that Christine Blasey Ford’s friend said she doesn’t believe Ford’s accusations against Justice Brett Kavanaugh, according to a media research center. The three outlets spent 31 minutes, 47 seconds in three days of reporting on allegations of sexual misconduct against Kavanaugh, Newsbusters’ ...

News Outlets Almost Completely Ignore Reporting On Part Of A Kavanaugh Allegation, Analysis Finds is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:9/18/2019 3:57:41 PM
[Climate] The Climate Circus Comes to Town Again (Steven Hayward) I gather this Friday there is going to be a climate jamboree at the United Nations, and I know what you’re thinking: bor-ing. Yes, indeed. It’s not even worth filling out a Climate Doomsday bingo card with hits on “only 12 years left,” “climate crisis/emergency,” “the ice is melting,” etc. I may or may not have more to say about it depending on whether there is some original stupidity to Published:9/18/2019 3:57:41 PM
[] Ilhan Omar Tweeted To Her Father, Nur Said, Who Just Happens to Also Be Her Ex-Husband's Father. Then She Deleted The Tweet. Ilhan Omar may have a different last name than her brother Elmi, but they share a father. She denies this, but in 2013, she thanked "Allah" for a father like Nur Said. Nur Said just happens to also be her... Published:9/18/2019 3:57:41 PM
[US News] Aspiring POTUS Joe Walsh welcomes Iowans to join him in Des Moines to celebrate his ‘team’s first official trip to the Granite State’

"Iowa is in New Hampshire?"

The post Aspiring POTUS Joe Walsh welcomes Iowans to join him in Des Moines to celebrate his ‘team’s first official trip to the Granite State’ appeared first on

Published:9/18/2019 3:18:24 PM
[Entertainment] Mark-Paul Gosselaar Hasn't Been Asked to Do Saved By the Bell Revival Despite Zack Morris' Key Role in It Mark-Paul GosselaarSaved By the Bell is coming back with a revival/reboot and Zack Morris' actions at the center of the new series. Now, somebody just needs to call the man who brought Zack to life for all those...
Published:9/18/2019 3:18:24 PM
[2019 News] San Francisco museum airs film calling for white genocide: “Why Don’t We Murder More White People” celebrated by left-wing lunatics San Francisco museum airs film calling for white genocide: “Why Don’t We Murder More White People” celebrated by left-wing lunatics. Alternate title: Why Don’t We Start a Race War? San Francisco, the poop capital of world, is also home to the Yerba Buena Center for the Arts, a “museum” that’s currently airing an anti-white film […] Published:9/18/2019 3:18:24 PM
[Markets] Bank Stocks Bounce Hard On QE4 Hints But Bonds & Bullion Rebuff Powell Promise Bank Stocks Bounce Hard On QE4 Hints But Bonds & Bullion Rebuff Powell Promise

After two days of liquidity issues in the repo market, prompting the biggest Fed response in over a decade, Jay Powell proudly proclaimed that there was nothing to see here, move along...

The market wasn't buying it...

Until of course, Powell suddenly got the tap on the shoulder and promised "moar":

“It is certainly possible that we’ll need to resume the organic growth of the balance sheet sooner than we thought.”

In other words - QE is coming, just not yet... and stocks rebounded excitedly...

By the end of the day, stocks had pushed back up to the highs of the day... (but gold, bonds and the dollar shurgged off the QE4 hint)...


S&P and Nasdaq did their best to scramble back to unchanged on the week...

S&P 500 algos were all about 3,000 once again...


Banks were the big gainers on the day as rates surged...

Source: Bloomberg

Very mixed picture across the curve today with yields rising after The Fed but on the day, the long end was lower in yield (30Y -3bps) and short-end higher (+3bps)...

Source: Bloomberg

The 2Y Yield spiked back top unchanged on the week (ignoring the QE4 hints)...

Source: Bloomberg

30Y yields rose very modestly on The Fed but ended lower on the day (again ignoring Powell's QE4 hints)

Source: Bloomberg

The yield curve flattened notably - policy errorishly...

Source: Bloomberg

The dollar spiked - on the relatively hawkish Fed statement - ignoring his more dovish promises...

Source: Bloomberg

Cryptos were mixed again with Bitcoin flat but Altcoins gaining ground

Source: Bloomberg

In commodityland, everything was lower (stronger dollar) with WTI worst (surprise build and reduction in war rhetoric) and gold actually outperformed...but on the week copper is weakest

Source: Bloomberg

Gold was monkeyhammered lower - erasing the post-Saudi-bombing gains, before bouncing...

Source: Bloomberg

Silver rebounded more aggressively...

Source: Bloomberg


Finally, to circle back to where we started, The Fed has totally lost control over its rate transmission process - we will have to see if the IOER cut today and Powell's promise of 'moar' will make any difference...The effective fed funds rate printed outside of the central bank’s target band Tuesday for the first time since the financial crisis.

Source: Bloomberg

Additionally, we note that the market is now pricing in less than one more rate cut for the rest of the year...

Source: Bloomberg

Tyler Durden Wed, 09/18/2019 - 16:00
Published:9/18/2019 3:18:24 PM
[The Blog] VA horror show continues: Shakeup after dying Atlanta vet suffers more than 100 ant bites in VA nursing home

"It certainly makes you wonder how it got to that point."

The post VA horror show continues: Shakeup after dying Atlanta vet suffers more than 100 ant bites in VA nursing home appeared first on Hot Air.

Published:9/18/2019 3:18:24 PM
[Markets] Key Words: Stocks could drop 20% after an October disappointment, strategist warns Joseph Zidle, Blackstone’s chief investment strategist, explains why stocks are poised for a beatdown.
Published:9/18/2019 3:18:24 PM
[Entertainment] Does pollution harm pregnancy? Dirty air soot found in placentas raises concerns Belgium researchers found that soot from car engines and fossil fuels, such as coal, were found in the placenta of women after birth.
Published:9/18/2019 3:18:24 PM
[Advertising Tech] How to profit from valuable peer referrals hiding in Slack Brands often act like the person who searches for their keys under the streetlight simply because that is where the light is better. However, when brand marketers focus only on engaging with... Published:9/18/2019 3:18:24 PM
[Markets] U.S. stocks end mostly higher after reversing earlier losses U.S. stocks end mostly higher after reversing earlier losses Published:9/18/2019 3:18:24 PM
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