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[Markets] MarketWatch First Take: Johnson lost again. But his Brexit deal is likely to succeed The stage is now set for the U.K. to approve the Brexit pact negotiated by Johnson with the European Union.
Published:10/20/2019 3:57:02 AM
[worldNews] Hong Kong police, protesters exchange tear gas, petrol bombs Hong Kong police fired tear gas at protesters throwing petrol bombs on Sunday as thousands staged an illegal march through the Kowloon district that will test the strength of the pro-democracy campaign after four months of unrest.
Published:10/20/2019 3:57:01 AM
[worldNews] Thousands stage illegal Hong Kong march; shops, metro stations trashed Thousands of Hong Kong protesters, many wearing masks in defiance of emergency laws, staged an illegal march through the Kowloon district on Sunday that will test the strength of the pro-democracy campaign after four months of unrest.
Published:10/20/2019 3:26:47 AM
[a3de4374-93eb-58e5-9f14-f8e46a02693a] Justin Haskins: Elizabeth Warren is pretending to be something she’s not – let’s not fall for her masquerade With her long record of promoting socialist causes and her calls for massive new job-killing government regulations and huge tax increases – on income, wealth, and whatever she can think of to take money from hard-working individuals and businesses – Elizabeth Warren is as much of a socialist as Bernie Sanders. Published:10/20/2019 3:26:47 AM
[World] Tens of thousands protest in Hong Kong despite police ban and attack on key organizer The movement, now in its fifth month, continues to have widespread support and momentum despite increasing violence and police threats. Published:10/20/2019 3:26:47 AM
[Comedy] October 20

National skip school/ work day. On this day you can skip whatever you like and not get in trouble for it

Person 1: Hey tomorrow is October 20th you know what that means...

Person 2: yep, I’ll be sleeping all day cause I’m skipping everything

Published:10/20/2019 2:30:36 AM
[worldNews] Turkey says Kurdish militia kills soldier in northeast Syria despite ceasefire One Turkish soldier was killed and another was wounded on Sunday after an attack by the Syrian Kurdish YPG militia in northeast Syria's Tel Abyad, the defense ministry said, despite a deal to pause military operations as militants withdraw from the area.
Published:10/20/2019 2:30:35 AM
[Sport Headlines] Racist Bulgarian Ultras Strike Again In England's Heartland The racism that England players so bravely put up with, turned the other cheek to, and ultimately vanquished, reared its ugly head once more yesterday, this time on home turf, as an exciting FA Cup fourth qualifying round game was ruined by hordes of... Published:10/20/2019 2:02:33 AM
[worldNews] Thousands of Hong Kong protesters stage illegal march; metro stations close Thousands of Hong Kong protesters, many wearing masks in defiance of emergency laws, staged an illegal march through the Kowloon district on Sunday which will test the strength of the pro-democracy campaign after four months of unrest.
Published:10/20/2019 2:02:33 AM
[storytype:standard] Las Vegas battles 'love recession' as millennials stop getting married Published:10/20/2019 1:30:09 AM
[worldNews] Turkey says Kurdish militia kills one soldier in northeast Syria despite ceasefire One Turkish soldier was killed and another was wounded on Sunday after an attack by the Syrian Kurdish YPG militia in northeast Syria's Tel Abyad, the defense ministry said, despite a deal to pause military operations as militants withdraw from the area.
Published:10/20/2019 1:30:09 AM
[structure:news] Pictures of the Day: 20 October 2019 Published:10/20/2019 1:01:43 AM
[Markets] Baby boomers commit the ‘7 deadly sins’ of retirement planning The lights have been green for the baby boomers all their lives. They were born just after World War II, between 1946 and 1964, and raised during the biggest, most sustained economic boom in human history. Published:10/20/2019 12:26:55 AM
[Markets] Mutual Funds Weekly: It’s time to ditch your ‘60/40’ portfolio — plus other top investing stories Money and investing stories resonating with MarketWatch readers this past week.
Published:10/19/2019 11:55:43 PM
[Entertainment] Jenni ''JWoww'' Farley Reunites With Zack Carpinello One Week After Split Jenni Farley, JWoww, Zack Clayton Carpinello, 2019 CMT Music AwardsThe heart wants what it wants. Jennie "JWoww" Farley and Zack Clayton Carpinello aren't giving up on their relationship just yet. About a week ago, the two decided to call it...
Published:10/19/2019 11:28:15 PM
[Markets] Escobar: Syria May Be The Biggest Defeat For The CIA Since Vietnam Escobar: Syria May Be The Biggest Defeat For The CIA Since Vietnam

Authored by Pepe Escobar via ConsortiumNews.com,

What is happening in Syria, following yet another Russia-brokered deal, is a massive geopolitical game-changer.

I’ve tried to summarize it in a single paragraph this way:

It’s a quadruple win. The U.S. performs a face saving withdrawal, which Trump can sell as avoiding a conflict with NATO ally Turkey. Turkey has the guarantee – by the Russians – that the Syrian Army will be in control of the Turkish-Syrian border. Russia prevents a war escalation and keeps the Russia-Iran-Turkey peace process alive.  And Syria will eventually regain control of the entire northeast.”

Syria may be the biggest defeat for the CIA since Vietnam.

Yet that hardly begins to tell the whole story.

Allow me to briefly sketch in broad historical strokes how we got here.

It began with an intuition I felt last month at the tri-border point of Lebanon, Syria and Occupied Palestine; followed by a subsequent series of conversations in Beirut with first-class Lebanese, Syrian, Iranian, Russian, French and Italian analysts; all resting on my travels in Syria since the 1990s; with a mix of selected bibliography in French available at Antoine’s in Beirut thrown in.

The Vilayets

Let’s start in the 19thcentury when Syria consisted of six vilayets Ottoman provinces — without counting Mount Lebanon, which had a special status since 1861 to the benefit of Maronite Christians and Jerusalem, which was a sanjak (administrative division) of Istanbul.

The vilayets did not define the extremely complex Syrian identity: for instance, Armenians were the majority in the vilayet of Maras, Kurds in Diyarbakir – both now part of Turkey in southern Anatolia – and the vilayets of Aleppo and Damascus were both Sunni Arab.

Nineteenth century Ottoman Syria was the epitome of cosmopolitanism. There were no interior borders or walls. Everything was inter-dependent.

Ethnic groups in the Balkans and Asia Minor, early 20th Century, Historical Atlas, 1911.

Then the Europeans, profiting from World War I, intervened. France got the Syrian-Lebanese littoral, and later the vilayets of Maras and Mosul (today in Iraq). Palestine was separated from Cham (the “Levant”), to be internationalized. The vilayet of Damascus was cut in half: France got the north, the Brits got the south. Separation between Syria and the mostly Christian Lebanese lands came later.

There was always the complex question of the Syria-Iraq border. Since antiquity, the Euphrates acted as a barrier, for instance between the Cham of the Umayyads and their fierce competitors on the other side of the river, the Mesopotamian Abbasids.

James Barr, in his splendid “A Line in the Sand,” notes, correctly, that the Sykes-Picot agreement imposed on the Middle East the European conception of territory: their “line in the sand” codified a delimited separation between nation-states. The problem is, there were no nation-states in region in the early 20thcentury.

The birth of Syria as we know it was a work in progress, involving the Europeans, the Hashemite dynasty, nationalist Syrians invested in building a Greater Syria including Lebanon, and the Maronites of Mount Lebanon. An important factor is that few in the region lamented losing dependence on Hashemite Medina, and except the Turks, the loss of the vilayet of Mosul in what became Iraq after World War I.

In 1925, Sunnis became the de facto prominent power in Syria, as the French unified Aleppo and Damascus. During the 1920s France also established the borders of eastern Syria. And the Treaty of Lausanne, in 1923, forced the Turks to give up all Ottoman holdings but didn’t keep them out of the game.

Turkish borders according to the Treaty of Lausanne, 1923.

The Turks soon started to encroach on the French mandate, and began blocking the dream of Kurdish autonomy. France in the end gave in: the Turkish-Syrian border would parallel the route of the fabledBagdadbahn — the Berlin-Baghdad railway.

In the 1930s France gave in even more: the sanjak of Alexandretta (today’s Iskenderun, in Hatay province, Turkey), was finally annexed by Turkey in 1939 when only 40 percent of the population was Turkish.

The annexation led to the exile of tens of thousands of Armenians. It was a tremendous blow for Syrian nationalists. And it was a disaster for Aleppo, which lost its corridor to the Eastern Mediterranean.

Turkish forces under entered Alexandretta on July 5, 1938.

This emergent Syria — out of conflicting Turkish, French, British and myriad local interests —obviously could not, and did not, please any community. Still, the heart of the nation configured what was described as “useful Syria.” No less than 60 percent of the nation was — and remains — practically void.Yet, geopolitically, that translates into “strategic depth” — the heart of the matter in the current war.To the eastern steppes, Syria was all about Bedouin tribes. To the north, it was all about the Turkish-Kurdish clash. And to the south, the border was a mirage in the desert, only drawn with the advent of Transjordan. Only the western front, with Lebanon, was established, and consolidated after WWII.

From Hafez to Bashar

Starting in 1963, the Baath party, secular and nationalist, took over Syria, finally consolidating its power in 1970 with Hafez al-Assad, who instead of just relying on his Alawite minority, built a humongous, hyper-centralized state machinery mixed with a police state. The key actors who refused to play the game were the Muslim Brotherhood, all the way to being massacred during the hardcore 1982 Hama repression.

Secularism and a police state: that’s how the fragile Syrian mosaic was preserved. But already in the 1970s major fractures were emerging: between major cities and a very poor periphery; between the “useful” west and the Bedouin east; between Arabs and Kurds. But the urban elites never repudiated the iron will of Damascus: cronyism, after all, was quite profitable.

Damascus interfered heavily with the Lebanese civil war since 1976 at the invitation of the Arab League as a “peacekeeping force.” In Hafez al-Assad’s logic, stressing the Arab identity of Lebanon was essential to recover Greater Syria. But Syrian control over Lebanon started to unravel in 2005, after the murder of former Lebanese Prime Minister Rafiq Hariri, very close to Saudi Arabia, the Syrian Arab Army (SAA) eventually left.

Bashar al-Assad had taken power in 2000. Unlike his father, he bet on the Alawites to run the state machinery, preventing the possibility of a coup but completely alienating himself from the poor, Syrian on the street.

What the West defined as the Arab Spring, began in Syria in March 2011; it was a revolt against the Alawites as much  as a revolt against Damascus. Totally instrumentalized by the foreign interests, the revolt sprang up in extremely poor, dejected Sunni peripheries: Deraa in the south, the deserted east, and the suburbs of Damascus and Aleppo.

Protest in Damascus, April 24, 2011. (syriana2011/Flickr)

What was not understood in the West is that this “beggars banquet” was not against the Syrian nation, but against a “regime.” Jabhat al-Nusra, in a P.R. exercise, even broke its official link with al-Qaeda and changed its denomination to Fatah al-Cham and then Hayat Tahrir al-Cham (“Organization for the Liberation of the Levant”). Only ISIS/Daesh said they were fighting for the end of Sykes-Picot.

By 2014, the perpetually moving battlefield was more or less established: Damascus against both Jabhat al-Nusra and ISIS/Daesh, with a wobbly role for the Kurds in the northeast, obsessed in preserving the cantons of Afrin, Kobane and Qamichli.

But the key point is that each katiba (“combat group”), each neighborhood, each village, and in fact each combatant was in-and-out of allegiances non-stop. That yielded a dizzying nebulae of jihadis, criminals, mercenaries, some linked to al-Qaeda, some to Daesh, some trained by the Americans, some just making a quick buck.

For instance Salafis — lavishly financed by Saudi Arabia and Kuwait — especially Jaish al-Islam, even struck alliances with the PYD Kurds in Syria and the jihadis of Hayat Tahrir al-Cham (the remixed, 30,000-strong  al-Qaeda in Syria). Meanwhile, the PYD Kurds (an emanation of the Turkish Kurds’ PKK, which Ankara consider “terrorists”) profited from this unholy mess — plus a deliberate ambiguity by Damascus – to try to create their autonomous Rojava.

A demonstration in the city of Afrin in support of the YPG against the Turkish invasion of Afrin, Jan. 19, 2018. (Voice of America Kurdish, Wikimedia Commons)

That Turkish Strategic Depth

Turkey was all in. Turbo-charged by the neo-Ottoman politics of former Foreign Minister Ahmet Davutoglu, the logic was to reconquer parts of the Ottoman empire, and get rid of Assad because he had helped PKK Kurdish rebels in Turkey.

Davutoglu’s Strategik Derinlik (“Strategic Depth’), published in 2001, had been a smash hit in Turkey, reclaiming the glory of eight centuries of an sprawling empire, compared to puny 911 kilometers of borders fixed by the French and the Kemalists. Bilad al Cham, the Ottoman province congregating Lebanon, historical Palestine, Jordan and Syria, remained a powerful magnet in both the Syrian and Turkish unconscious.

No wonder Turkey’s Recep Erdogan was fired up: in 2012 he even boasted he was getting ready to pray in the Umayyad mosque in Damascus, post-regime change, of course. He has been gunning for a safe zone inside the Syrian border — actually a Turkish enclave — since 2014. To get it, he has used a whole bag of nasty players — from militias close to the Muslim Brotherhood to hardcore Turkmen gangs.

With the establishment of the Free Syrian Army (FSA), for the first time Turkey allowed foreign weaponized groups to operate on its own territory. A training camp was set up in 2011 in the sanjakof Alexandretta. The Syrian National Council was also created in Istanbul – a bunch of non-entities from the diaspora who had not been in Syria for decades.

Ankara enabled a de facto Jihad Highway — with people from Central Asia, Caucasus, Maghreb, Pakistan, Xinjiang, all points north in Europe being smuggled back and forth at will. In 2015, Ankara, Riyadh and Doha set up the dreaded Jaish al-Fath (“Army of Conquest”), which included Jabhat al-Nusra (al-Qaeda).

At the same time, Ankara maintained an extremely ambiguous relationship with ISIS/Daesh, buying its smuggled oil, treating jihadis in Turkish hospitals, and paying zero attention to jihad intel collected and developed on Turkish territory. For at least five years, the MIT — Turkish intelligence – provided political and logistic background to the Syrian opposition while weaponizing a galaxy of Salafis. After all, Ankara believed that ISIS/Daesh only existed because of the “evil” deployed by the Assad regime.

The Russian Factor

Russian President Vladiimir Putin meeting with President of Turkey Recep Erdogan; Russian Minister of Foreign Affairs Sergei Lavrov standing in background, Ankara, Dec. 1, 2014 Ankara. (Kremlin)

The first major game-changer was the spectacular Russian entrance in the summer of 2015. Vladimir Putin had asked the U.S. to join in the fight against the Islamic State as the Soviet Union allied against Hitler, negating the American idea that this was Russia’s bid to restore its imperial glory. But the American plan instead, under Barack Obama, was single-minded: betting on a rag-tag Syrian Democratic Forces (SDF), a mix of Kurds and Sunni Arabs, supported by air power and U.S. Special Forces, north of the Euphrates, to smash ISIS/Daesh all the way to Raqqa and Deir ez-Zor.

Raqqa, bombed to rubble by the Pentagon, may have been taken by the SDF, but Deir ez-Zor was taken by Damascus’s Syrian Arab Army. The ultimate American aim was to consistently keep the north of the Euphrates under U.S. power, via their proxies, the SDF and the Kurdish PYD/YPG. That American dream is now over, lamented by imperial Democrats and Republicans alike.

The CIA will be after Trump’s scalp till Kingdom Come.

Kurdish Dream Over

Talk about a cultural misunderstanding. As much as the Syrian Kurds believed U.S. protection amounted to an endorsement of their independence dreams, Americans never seemed to understand that throughout the “Greater Middle East” you cannot buy a tribe. At best, you can rent them. And they use you according to their interests. I’ve seen it from Afghanistan to Iraq’s Anbar province.

The Kurdish dream of a contiguous, autonomous territory from Qamichli to Manbij is over. Sunni Arabs living in this perimeter will resist any Kurdish attempt at dominance.

The Syrian PYD was founded in 2005 by PKK militants. In 2011, Syrians from the PKK came from Qandil – the PKK base in northern Iraq – to build the YPG militia for the PYD. In predominantly Arab zones, Syrian Kurds are in charge of governing because for them Arabs are seen as a bunch of barbarians, incapable of building their “democratic, socialist, ecological and multi-communitarian” society.

Kurdish PKK guerillas In Kirkuk, Iraq. (Kurdishstruggle via Flickr)

One can imagine how conservative Sunni Arab tribal leaders hate their guts. There’s no way these tribal leaders will ever support the Kurds against the SAA or the Turkish army; after all these Arab tribal leaders spent a lot of time in Damascus seeking support from Bashar al-Assad.  And now the Kurds themselves have accepted that support in the face of the Trukish incursion, greenlighted by Trump.

East of Deir ez-Zor, the PYD/YPG already had to say goodbye to the region that is responsible for 50 percent of Syria’s oil production. Damascus and the SAA now have the upper hand. What’s left for the PYD/YPG is to resign themselves to Damascus’s and Russian protection against Turkey, and the chance of exercising sovereignty in exclusively Kurdish territories.

Ignorance of the West

The West, with typical Orientalist haughtiness, never understood that Alawites, Christians, Ismailis and Druze in Syria would always privilege Damascus for protection compared to an “opposition” monopolized by hardcore Islamists, if not jihadis.  The West also did not understand that the government in Damascus, for survival, could always count on formidable Baath party networks plus the dreaded mukhabarat — the intel services.

Rebuilding Syria

The reconstruction of Syria may cost as much as $200 billion. Damascus has already made it very clear that the U.S. and the EU are not welcome. China will be in the forefront, along with Russia and Iran; this will be a project strictly following the Eurasia integration playbook — with the Chinese aiming to revive Syria’s strategic positioning in the Ancient Silk Road.

As for Erdogan, distrusted by virtually everyone, and a tad less neo-Ottoman than in the recent past, he now seems to have finally understood that Bashar al-Assad “won’t go,” and he must live with it. Ankara is bound to remain imvolved with Tehran and Moscow, in finding a comprehensive, constitutional solution for the Syrian tragedy through the former “Astana process”, later developed in Ankara.

The war may not have been totally won, of course. But against all odds, it’s clear a unified, sovereign Syrian nation is bound to prevail over every perverted strand of geopolitical molotov cocktails concocted in sinister NATO/GCC labs. History will eventually tell us that, as an example to the whole Global South, this will remain the ultimate game-changer.

Tyler Durden Sun, 10/20/2019 - 00:00
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Published:10/19/2019 11:28:14 PM
[worldNews] 'Abominable' film axed in Malaysia after rebuffing order to cut China map DreamWorks' animated movie "Abominable" will not be released in Malaysia after its producers declined to meet a censor board requirement to cut a scene showing China's "nine-dash line" in the South China Sea, the movie distributor said on Sunday.
Published:10/19/2019 11:28:14 PM
[Markets] These Are The Most (And Least) Generous Countries In The World These Are The Most (And Least) Generous Countries In The World

The Charities Aid Foundation has released the 2019 edition of the World Giving Index which surveyed 1.3 million people in 128 countries to determine generosity levels.

Unfortunately, as Statista's Niall McCarthy notes, generosity simply isn't possible in some countries due to unrest or high poverty levels.

As in previous years, Myanmar had the highest share of people most likely to donate to charity with 81 percent. It consistently tops studies about charitable giving, mainly because of the strong influence of Theravada Buddhists practising Sangha Dana where many people believe that doing good in this life improves their chances of their next life being a better one.

Infographic: The Most Generous Countries in the World | Statista

You will find more infographics at Statista

At the other end of the spectrum, the lowest scoring countries in the index were Georgia and Yemen with 6 percent of people stating that they made a charitable donation in the past month.

Infographic: Where People Are Least Likely To Donate To Charity  | Statista

You will find more infographics at Statista

Charity is more than likely one of the last things on people's minds in Yemen which has been ravaged by years of war.

Tyler Durden Sat, 10/19/2019 - 23:30
Published:10/19/2019 10:56:12 PM
[worldNews] Australia's attorney-general says Canberra local law on cannabis has no legal force Australian Attorney-General Christian Porter said on Sunday that Canberra's new legislation legalizing possession of small amounts of cannabis for personal use do not provide legal protection and clash with federal laws.
Published:10/19/2019 10:56:12 PM
[Markets] Navy Patents UFO-Like Compact Nuclear Fusion Reactor And Hybrid Space/Sea Crafts Navy Patents UFO-Like Compact Nuclear Fusion Reactor And Hybrid Space/Sea Crafts

Authored by Jake Anderson via TheMindUnleashed.com,

A mysterious set of patents filed recently by a U.S Navy researcher has caught the eyes of technologists and conspiracy theorists alike.

These patents describe exotic technologies that do not exist in the commercial or military spheres—as far as we know—and that usually only surface in UFO lore, including high-energy electromagnetic force fields, revolutionary propulsion systems, and a “hybrid aerospace-underwater craft.”

The newest patent is for a practical fusion reactor that could be stored in aircraft to help achieve unimaginable speeds and maneuverability.

The mystery around these patents continues to grow during a time in which the Navy and State Department have stunningly reversed their decades-old policy of not acknowledging UFO sightings. The Naval Air Warfare Center Aircraft Division is the home of the high-level Navy researcher, the equally mysterious Salvatore Cezar Pais, who in recent years has filed patents for supposedly operable revolutionary technologies such as  room temperature superconductor (RTSC) and the high-energy electromagnetic field generator (HEEMFG).

Perhaps the most surprising patent concerns the “hybrid aerospace-underwater craft,” which can supposedly navigate with equal precision through space, air, and water with no heat signature and “engineer the fabric of our reality at the most fundamental level.”

In the patents filed, Pais has revealed that Chinese scientists are already way ahead of the United States in such fields. The reason this is a shocking admission is because military personnel, Navy officers, and air pilots have for years reported USOs (unidentified submerged objects) that seem to fly in and out of the sea at incomphrensible speeds.

The newest patent teases the discovery of the “Holy Grail” of energy production, the long sought nuclear fusion reactor, which could revolutionize life on Earth by creating a sustainable long-term fuel source and reduce radioactive waste and greenhouse gas emissions. Currently, scientists do not know how to manage systems that utilize high-pressure plasma in the range of hundreds of millions of degrees Fahrenheit and can only create split second controlled nuclear fusion reactions.

However, the patent for Pais’ “Plasma Compression Fusion Device,” which was only disclosed September 26, 2019 states:

“At present there are few envisioned fusion reactors/devices that come in a small, compact package (ranging from 0.3 to 2 meters in diameter) and typically they use different versions of plasma magnetic confinement. Three such devices are the Lockheed Martin (LM) Skunk Works Compact Fusion Reactor (LM-CFR) , the EMC2 Polywell fusion concept, and the Princeton Field-Reversed Configuration (PFRC) machine. […] These devices feature short plasma confinement times, possible plasma instabilities with the scaling of size, and it is questionable whether they have the ability of achieving the break – even fusion condition, let alone a self-sustained plasma burn leading to ignition.” 

Pais states that this technology would be capable of producing as much as a terawatt (1 trillion watts) of power, which vastly surpasses America’s largest current nuclear power plant. While it’s not known whether such technology is possible at all, much less in a compact structure, we do know that the U.S. military and private firms like Lockheed Martin are competing with the government run-Chinese Academy of Sciences to create the world’s first compact nuclear reactor. 

Tyler Durden Sat, 10/19/2019 - 23:00
Published:10/19/2019 10:25:11 PM
[worldNews] House Speaker Pelosi holds talks in Jordan with King Abdullah U.S. House Speaker Nancy Pelosi and other senior members of Congress held talks in Jordan on Saturday with King Abdullah II and other top Jordanian officials.
Published:10/19/2019 10:25:11 PM
[World] Meghan Markle and Prince Harry to Take Sabbatical and Bring Baby Archie to the U.S. Prince Harry, Meghan Markle, Archie Harrison,Meghan Markle and Prince Harry are taking a much-needed break. Not from each other, though! But from the chaos that is public life. And according to The Sunday Times, the royal couple...
Published:10/19/2019 9:55:14 PM
[worldNews] All U.S. troops withdrawing from Syria expected to go to Iraq: Pentagon chief U.S. Defense Secretary Mark Esper said on Saturday that all of the nearly 1,000 troops withdrawing from northern Syria are expected to move to western Iraq to continue the campaign against Islamic State militants and "to help defend Iraq."
Published:10/19/2019 9:55:14 PM
[Politics] BREAKING: Trump dumps Doral for G7, blames the hostile media and Democrats… Trump just announced that due to a very hostile media and their Democrat partners, he will no longer consider Trump National Doral for the G7 in Miami: I thought I was doing . . . Published:10/19/2019 9:29:45 PM
[Politics] BREAKING: Trump dumps Doral for G7, blames the hostile media and Democrats… Trump just announced that due to a very hostile media and their Democrat partners, he will no longer consider Trump National Doral for the G7 in Miami: I thought I was doing . . . Published:10/19/2019 9:29:45 PM
[worldNews] Hong Kong tightens security ahead of planned protest Hong Kong tightened security ahead of a planned anti-government march on Sunday afternoon, with some metro services halted and public facilities shuttering as pro-democracy leaders called on citizens to join the protest in spite of the risk of arrest.
Published:10/19/2019 9:29:45 PM
[Entertainment] Selena Gomez Always Keeps It Real: Relive Her Most Candid Revelations Selena GomezIt's a new era! Selena Gomez is making fans' dreams come true after teasing new music earlier this week. The 27-year-old star, who has shied away from the spotlight in the last...
Published:10/19/2019 9:29:45 PM
[Markets] Trump Scraps Plan To Hold 2020 G-7 Summit At His Doral Golf Resort After "Irrational Hostility" Trump Scraps Plan To Hold 2020 G-7 Summit At His Doral Golf Resort After "Irrational Hostility"

Any journalists who thought that 10:00pm on Saturday may mercifully be devoid of breaking news, were shocked, and furious to discover that that was Donald Trump's preferred time to tweet, following an intense backlash by both Democrats and Republicans over his trampling of the Emoluments clause, that he would scrap plans to hold next year's G-7 summit at his Doral golf resort in Miami due to "both Media & Democrat Crazed and Irrational Hostility."

Instead, Trump said he would "begin the search for another site, including the possibility of Camp David, immediately."

According to Trump's late Saturday tweetstorm, the president "thought I was doing something very good for our Country by using Trump National Doral, in Miami, for hosting the G-7 Leaders." The tweet then trailed off into an ad for the (struggling) Doral golf resort, laying out all its positive aspects:

It is big, grand, on hundreds of acres, next to MIAMI INTERNATIONAL AIRPORT, has tremendous ballrooms & meeting rooms, and each delegation would have its own 50 to 70 unit building. Would set up better than other alternatives.

Trump, confused why it would appear a conflict of interest to host the most important people in the world at his property, then explained the he "would be willing to do it at NO PROFIT or, if legally permissible, at ZERO COST to the USA." But, he added "as usual, the Hostile Media & their Democrat Partners went CRAZY!"

"Therefore", Trump concluded, "based on both Media & Democrat Crazed and Irrational Hostility, we will no longer consider Trump National Doral, Miami, as the Host Site for the G-7 in 2020. We will begin the search for another site, including the possibility of Camp David, immediately."

That said, if Trump was hoping that with this decision the media's outrage would be diminished - if anything it will only validate that complaints and criticisms of Trump's decision were justified. On the other hand, the media may have moved on: after all, the latest scandal involving Hillary Clinton, Tulsi Gabbard and the rest of the democrats in the primary race, all of whom appear to have picked a side in this bizarre catfight, just may allow the press to forget about Trump for a day or two, as Hillary Clinton decides whether she has enough public and media support to officially enter the race for president. Again.

Tyler Durden Sat, 10/19/2019 - 22:21
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Published:10/19/2019 9:29:45 PM
[Politics] Brexit: Could Britain's Bid for Freedom End in Tragedy? The rejection by Britain's parliament of Prime Minister Johnson's deal in respect of Brexit makes us wonder whether the denouement to this drama could end up like the last scene of "The Spy Who Came in From the Cold." That involved the desperate flight to escape East Germany by Richard Burton and his disillusioned girlfriend. Inches from freedom, they are gunned down at the Berlin Wall. Published:10/19/2019 9:29:45 PM
[Politics] Kamala Harris FALLS APART when asked what crimes Giuliani has committed Kamala Harris is absolutely sure that Giuliani has committed crimes. Just don’t ask her WHAT crimes, because she’ll look really stupid if you do. Eventually she does ramble on about what crimes . . . Published:10/19/2019 8:56:17 PM
[Politics] Kamala Harris FALLS APART when asked what crimes Giuliani has committed Kamala Harris is absolutely sure that Giuliani has committed crimes. Just don’t ask her WHAT crimes, because she’ll look really stupid if you do. Eventually she does ramble on about what crimes . . . Published:10/19/2019 8:56:17 PM
[Entertainment] Jennifer Lawrence Is Married! Read Her Many Revelations on True Love and Babies Jennifer Lawrence, Cooke MaroneyCongratulations are in order for Jennifer Lawrence! The Oscar winner has officially tied the knot with her art gallerist beau, Cooke Maroney. That's right, the Hunger Games actress...
Published:10/19/2019 8:56:17 PM
[0c7c4c4a-6ab3-5fe1-8535-eac23867cf0d] Mike Posner completes 3,000 mile trek across America: 'Don't really know how to describe' Mike Posner has officially completed his closely-watched 3,000-mile walk across America. Published:10/19/2019 8:56:17 PM
[] Saturday Overnight Open Thread (10/19/19) *** The Saturday Night Joke... Published:10/19/2019 8:56:17 PM
[Entertainment] Jennifer Lawrence Marries Cooke Maroney in Romantic Rhode Island Ceremony Jennifer Lawrence, Cooke MaroneyJennifer Lawrence is married! The 28-year-old Oscar winner has tied the knot with her 34-year-old beau Cooke Maroney, People confirms. The two exchanged their vows and said their "I...
Published:10/19/2019 8:32:26 PM
[a7cc6f08-8a72-5b1c-863b-4992401f92c0] Jennifer Lawrence marries Cooke Maroney in Rhode Island wedding Jennifer Lawrence has tied the knot with fiancé - now husband - Cooke Maroney. Published:10/19/2019 8:32:26 PM
[Uncategorized] Bernie Finally Snags the Coveted AOC Endorsement Too little, too late? Published:10/19/2019 8:32:26 PM
[worldNews] Argentina's Macri appeals to 'angry' voters at massive Buenos Aires rally Argentine President Mauricio Macri called on "angry" voters to get behind him ahead of presidential elections next week, as he looks to defy the odds and rein in Peronist challenger Alberto Fernandez, who beat him heavily in a primary vote in August.
Published:10/19/2019 8:32:26 PM
[Markets] "Get Over It": Trump Campaign Mocks Outrage Over Mulvaney Comments With T-Shirts "Get Over It": Trump Campaign Mocks Outrage Over Mulvaney Comments With T-Shirts

The Trump campaign's latest trolling (after selling plastic straws and "Where's Hunter?" T-shirts) comes after acting White House Chief of Staff Mick Mulvaney told reporters last week that there's "going to be political influence in foreign policy," suggesting that the media "get over it.

In response, the Trump campaign turned Mulvaney's comment into yet another T-shirt, as the rest of the media foused on his seeming admission that there was a quid pro quo with Ukraine

"Did he also mention to me in past the corruption related to the DNC server? Absolutely," Mulvaney told reporters. "No question about that. But that’s it, and that’s why we held up the money.

This was quickly seized on by White House reporters, who said Mulvaney described a quid pro quo for holding up security assistance to Ukraine unless the country's alleged involvement with the DNC server was investigated. 

Mulvaney, later retracted his statement - saying "Let me be clear, there was absolutely no quid pro quo between Ukrainian military aid and any investigation into the 2016 election. The president never told me to withhold any money until the Ukrainians did anything related to the server."

Tyler Durden Sat, 10/19/2019 - 21:30
Tags
Published:10/19/2019 8:32:26 PM
[worldNews] Canada's Trudeau, main rival trade attacks as campaign grinds to conclusion Canadian Prime Minister Justin Trudeau, facing the loss of his Parliamentary majority in an election next week, traded attacks with his main rival on Saturday as a bad-tempered campaign entered its last few days.
Published:10/19/2019 7:55:06 PM
[Markets] "There Is A Global Crisis" - Israel Diamond Industry Collapses Amid Faltering Demand  "There Is A Global Crisis" - Israel Diamond Industry Collapses Amid Faltering Demand 

Macroeconomic headwinds are developing across the world. At least 90% of all countries are experiencing a slowdown in growth that has stumped central bankers and policymakers. No one at the moment can figure out how to restart the global economy. With the risk of a worldwide trade recession soaring for 2020, if not has already arrived, consumers are pulling back on spending, which has contributed to a collapse in the global diamond industry, something that we've been documenting this year. 

The latest stress in the global diamond industry is emanating from Israel. Ynetnews is saying the country's diamond exports have plunged 22%, a sign that consumer demand from Asia is faltering. 

Trade data showed for the first three quarters of 2019, Israeli exports of diamonds were $2.62 billion, down from $3.32 billion during the same period last year.

In 3Q19, imports and exports of diamonds by Israel plunged 28% YoY. 

The Times of Israel blamed the downturn on the trade war and social unrest in Hong Kong. 

Yoram Dvash, president of the Israel Diamond Exchange, told Ynetnews:

"There is a global crisis. The government needs to help out the industry. Everywhere people are helping because they understand that there are difficulties now. Trump's trade war with China and the Hong Kong protests really influence the industry. Hong Kong accounts for about 30% of our exports. The Hong Kong government said that in recent times, the sector that's been damaged the most there has been the jewelry industry."

Dvash said Hong Kong jewelry shops, which import hundreds of millions of dollars of diamonds from Israel per year, have noticed collapsing demand from mainland China because of the social unrest and economic downturn in the region. 

"Right now, the Chinese government isn't granting visas to Chinese to go to Hong Kong in order to put pressure on business people there and hurt the economy. It's paralyzing the number 2 diamond market in the world," Dvash said.

A source told Ynetnews that a credit crisis in India involving Indian diamond companies has negatively impacted the global industry.

Earlier this month, De Beers', one of the largest diamond exploration, diamond mining, and diamond retailing companies in the world, saw a 39% YoY drop in September sales. 

A diamond analyst last month said markets remained oversupplied, resulting in weak global sales.

"The current malaise in the market is due to oversupply," said Paul Zimnisky, an analyst in New York, who said diamond buyers had too much inventory.

Spot diamond prices on the IDEX Diamond Index shows how oversupplied conditions have weighed down prices in the last 8 months.

Source: Bloomberg

And while diamonds are supposed to "a girl's best friend", recent months have seen gold the preferred shiny thing of choice...

Source: Bloomberg

Shares in Signet, the world's largest retailer of diamond jewelry, have crashed 89% in the last four years.

It appears a diamond crisis is unfolding, and this is what usually happens right before a global recession, a sign that the consumer can no longer power the global economy. Turmoil is ahead.

Tyler Durden Sat, 10/19/2019 - 20:30
Published:10/19/2019 7:55:06 PM
[The Blog] ABC’s Matthew Dowd attacks Megyn Kelly, makes a fool of himself (repeatedly)

"umm, there is a whole movie about me standing up for the women at Fox..."

The post ABC’s Matthew Dowd attacks Megyn Kelly, makes a fool of himself (repeatedly) appeared first on Hot Air.

Published:10/19/2019 7:55:06 PM
[Markets] The 10 Most Dangerous Foods In The World The 10 Most Dangerous Foods In The World

Authored by Vikas Shukla via ValueWalk.com,

It’s no secret that hot dogs are one of the biggest choking hazards in the United States and many other countries. According to Johns Hopkins Medicine, they are the biggest cause of choking injuries in children. But many other food items out there are far more dangerous than hot dogs. They could make you sick or even kill you if not prepared properly. Here we take a look at the top 10 most dangerous foods in the world. If you are a big foodie, eat them at your own risk.

Some of them are mouth-watering. But they could prove fatal if they are not prepared correctly.

10- Raw cashews

People who don’t have nut allergies don’t mind eating cashew nuts from the tree. But few people know that the raw cashews contain urushiol, which could be fatal if eaten in large quantities. The cashews you buy at stores are safe because they undergo heat treatment to remove toxins.

9- Cassava

Cassava is a popular delicacy in South America and Africa. The root vegetable is primarily cultivated in South America. It must be cooked correctly before being eaten. If you chew it raw or cook it incorrectly, cassava releases a harmful enzyme called linamarase that turns a compound in the root into hydrogen cyanide. The sweet variety of cassava is not as deadly as the bitter one, but it still contains 20mg of cyanide per root.

8- Blood clams

Blood clams are harvested in the Chinese waters, the Atlantic, the Pacific Ocean, and the Gulf of Mexico. These bivalves carry a number of diseases such as Hepatitis A, dysentery, and typhoid because they live in lower oxygen environments. Blood clams have even been responsible for massive hepatitis outbreaks.

7- Sannakji

If you are one of the adventurous foodies, you might want to try this Korean delicacy made with raw baby octopus. The octopus is chopped up and seasoned before it’s brought to the table. But their suction cups remain active with some gripping power. Unless you chew carefully and thoroughly, the suction cups could stick to your throat and suffocate you.

6- Rhubarb

Rhubarb is the primary ingredient in the rhubarb pie, but you should avoid leaves of this vegetable at all costs. Both raw and cooked leaves of Rhubarb contain a toxin called oxalic acid, which could cause kidney failure and even kill you. The symptoms include eye pain, trouble breathing, diarrhea, and red urine. An estimated 15-30 grams of oxalic acid is enough to kill an adult.

5- Elderberries

Elderberries are not cultivated in the United States, but their ripened flesh is used in jam and jelly that you buy from the grocery stores. Homeopathic experts use elderberries to treat various ailments such as the flu, cold, and skin wounds. But raw elderberries, their leaves, seeds, and twigs could be toxic.  According to the CDC, they contain a toxin that causes cramps, nausea, vomiting, weakness, and even death.

4- Cherry seeds

Cherry seeds or pits contain a compound called amygdalin, which converts into the deadly hydrogen cyanide when you ingest them. Fortunately, an adult will do just fine even after consuming 703mg of hydrogen cyanide a day. Unless you are consuming hundreds of cherry seeds, you don’t have to worry much.

3- Casu Marzu

Casu marzu is a traditional Sardinian sheep milk cheese. It contains live insect larvae for extra fermentation. The larvae partially decompose the sheep milk cheese. Stay as far away from it as you can because the larvae can survive being ingested and cause trouble in your intestine. Thankfully, casu marzu is banned in the United States and European Union for hygienic reasons.

2- Ackee

Ackee is a Jamaican fruit. You should consider eating it only when it’s fully ripe and properly prepared. If you eat it when it’s still yellow (raw), you could suffer from hypoglycemia, vomiting, and even death. If you want to eat the yellow part, make sure it’s cooked properly. The fruit contains a toxin called Hypoglycin A, which makes it one of the most dangerous foods in the world.

1- Fugu (Pufferfish)

Fugu aka pufferfish is the most dangerous food in the world. Pufferfish is banned in the United States, and for good reasons. It’s 1,200 times more toxic than cyanide. It contains a concentrated amount of Tetrodotoxin, which is a neurotoxin. The delicacy could prove lethal if you don’t prepare it correctly – you have to carefully and completely remove the organs containing the toxin. It kills several dozen people in Japan every year. Even a tiny dose of the toxin stops the nerve conduction between the victim’s body and the brain by blocking sodium channels.

Tyler Durden Sat, 10/19/2019 - 20:00
Published:10/19/2019 7:24:35 PM
[] Satuday Evening Movie Thread 10-19-2019 [Hosted by: TheJamesMadison] Hello all, TJM, here. So, Mary Poppin's Practically Perfect Piercing (MP4) reached out to me with an idea for a post. It was about one of his favorite silent films, Haxan, a movie I hadn't yet seen. So, I encouraged... Published:10/19/2019 7:24:35 PM
[Markets] California Is (Again) Teetering On The Edge Of Financial Ruin California Is (Again) Teetering On The Edge Of Financial Ruin

For years, it had been speculated that California's state-wide model of heavy regulation, expensive education, high taxes and bloated spending would eventually drive the state into financial ruin, according to a new Bloomberg Opinion piece. Over the last 15 years, the state also has had to deal with widespread blackouts and an unemployment rate that ballooned to 12% after the financial crisis.

After deficits exploded under Governor Schwarzenegger, the state eventually got back on track. Under Governor Jerry Brown, the state raised taxes again (surprise) and bumped up its sales tax. These tax hikes, combined with a recovery in housing and in the stock market, helped swing the state's budget back into the black.

But now, the symptoms of larger problems in California are bubbling to the surface yet again. For instance, the recent "planned blackouts" by power provider PG&E to try and prevent wildfires are indicative of a crumbling energy infrastructure across the state.

Losses from recent wildfires in California have been "staggering", totaling upwards of $400 billion in 2018. This figure represents about 1/7th of the state's total GDP and is comprised of health costs, lost property, lost jobs and asset prices falling. It also takes into account migration out of the state. 

PG&E has said that the "safety" blackouts will continue, which means that the state isn't going to have reliable year-round electricity. This will inevitably take its toll on property values and slow migration inflows into the state. 

While wildfires rage across the state, another issue is plaguing California: homelessness. The state's homeless population has increased by 5.3% from 2010 to 2018. California is already home to almost half of the country's homeless. We have documented, at length, the homelessness issues in areas like San Francisco, where the epidemic is reaching a fever pitch. 

At the same time, government pension costs are rising across the state; faster in California than in the rest of the nation. The cost saving measures being put in place to offset this problem are degrading the state's education system. 

And so, the inevitable has happened: people are leaving the state.

In fact, a recent paper by economists Joshua Rauh and Ryan Shyu found that out-migration of top-bracket taxpayers accelerated after the state's 2012 income tax hike. 

"Among top-bracket California taxpayers, outward migration and behavioral responses by stayers together eroded 45.2% of the windfall tax revenues from the reform," the paper's abstract says. 

With Democrats back in the saddle, holding a supermajority in the state, California seems doomed to repeat its dysfunctional history from the early 2000's. Making matters worse, an initiative called Proposition 13 is making it difficult for California to alleviate its burdens by raising property taxes, the op-ed notes:

But California’s political system is making it hard to respond to these pressures. Thanks to a 1978 ballot initiative called Proposition 13, California cities have stringent limits on raising revenue from local property taxes. That forces the state to provide many services, financing them with hefty income taxes. Those are inherently more unreliable than property taxes, since wealthy taxpayers can move away (while property can’t move), and since California’s income taxes fluctuate a lot because they depend so much on the profits residents earn on volatile stock prices.

"Proposition 13 must be repealed, and property taxes raised," the piece continues, in order for the state to avoid what it calls another "dark path". It also suggests that the state legislature pass bills to allow greater housing density and more construction throughout the state. 

Only time will tell whether these proposed solutions, if implemented, would even work. But one thing is for sure: if California doesn't do something soon, the state could become (further) living proof that creating a liberal utopia by hiking taxes and adding regulation is nothing more than a pipe dream, if not a full blown recipe for exactly how to drive an economy into the ground. 

Tyler Durden Sat, 10/19/2019 - 19:30
Published:10/19/2019 6:56:19 PM
[Uncategorized] Rand Paul “verbally assaulted by … aggressive libs complaining about incivility” "You just ran into two people from New York, kiddo, and we're not putting up with your Republican bulls--t" Published:10/19/2019 6:56:19 PM
[15f5f453-76e2-5dc8-947c-cf42f78ba991] Rep. Paul Gosar: Trump was right to withdraw troops from Syria – We should protect US borders instead I was one of 60 members of the House of Representatives to vote against the resolution condemning President Trump’s removal of American troops from the Syrian conflict zone. I did this because America simply has no business protecting the Turkish or Syrian borders – instead, we should refocus our efforts and energy to protect our own weak borders. Published:10/19/2019 6:56:19 PM
[Entertainment] 90 Day Fiance's Ashley Martson and Jay Smith Split After Recently Reconciling 90 Day Fiance, Jay Smith, Ashley MartsonLooks like third time's (not) a charm. 90 Day Fiancé alums Ashley Martson and Jay Smith have called it quits once more. Could this time be for good? Martson...
Published:10/19/2019 6:56:19 PM
[Donald Trump] Doral, here we come (Paul Mirengoff) The next G-7 summit, which is due to be held in the U.S., will take place at Doral, the luxury resort Trump owns in Florida. It was the decision to hold the summit there that Mick Mulvaney was explaining and defending before he unwisely decided to spar with reporters over the temporary withholding of aid to Ukraine. According to Mulvaney, Doral was added to the list of about a dozen Published:10/19/2019 6:56:19 PM
[d20f780c-e426-5db5-be89-18efebbd2609] Andrew McCarthy: The trivialization of impeachment is serious -- It has consequences that threaten liberty Our system is based on separation of powers, because liberty depends on preventing any component of the state from accumulating too much authority — that’s how tyrants are born. For the system to work, the components have to be able to check each other. Published:10/19/2019 6:24:36 PM
[Markets] China Makes A Move On OPEC's No.2 China Makes A Move On OPEC's No.2

Authored by Simon Watkins via OilPrice.com,

Following a political backlash over details of its plans to make Iran effectively a client state through various multi-layered oil and gas deals, China has switched its attention – for the time being at least – to Iran’s equally oil and gas-rich neighbor, Iraq. China has the advantage in Iraq that the northern part of the country – the semi-autonomous region of Kurdistan – is already under the control of its increasingly close ally, Russia, with its corporate proxy Rosneft having secured control over Kurdistan’s oil and gas infrastructure in a deal in November 2017.

Bridging this gap beautifully is the new development that in the long-running dispute between the south and the north regarding budget disbursements from Baghdad to Erbil in exchange for oil supplies from Erbil to Baghdad, China is to be appointed by Baghdad as its mediator in negotiations, a senior source who works closely with Iraq’s Oil Ministry told OilPrice.com last week.

As it was, the negotiations between Baghdad and Erbil over the budget-for-oil deal have been going nowhere and have been in a constant state of flux ever since the original deal was struck back in 2014. This deal involved the government of the Kurdistan region of Iraq (the KRG) agreeing to export up to 550,000 barrels per day (bpd) of oil from its own fields and those in and around Kirkuk via Baghdad’s State Oil Marketing Organization (SOMO). In return, Baghdad would send 17 percent of the federal budget after sovereign expenses per month in budget payments to the KRG. This agreement was superseded by another in October 2018 that required Baghdad to transfer sufficient funds from the budget to pay the salaries of KRG employees in exchange for the KRG handing over the export of at least 250,000 bpd of crude oil to SOMO. Since the beginning of this year, Baghdad has purportedly delivered on its side but the KRG has not.

The sticking point from the KRG side has been the changing metric that Baghdad sought to impose for determining the budget disbursement levels following the independence referendum held in Kurdistan in September 2017. Although from the legal perspective the vote was not mandatory, the overwhelming support for independence – well over 90 percent of the Kurdish population in the north – catalyzed popular support against Baghdad until it was quelled, with the help of Iran. At that point, Baghdad took back on-the-ground control over the Kirkuk and surrounding fields and only held off from further expanding its military footprint across the KRG area because the U.S. signaled that this would not be a welcome development.

The U.S. did this because it had promised that the Kurds in Iraq would be given their independence within the next two to three years as a reward for their being the West’s boots on the ground in the fight against Islamic State: that was the deal. Events in the last week, however, with Trump opening the way for the annihilation of various Kurdish populations by the Turkish Army – which regards them as terrorists – have allowed Baghdad as well to take a less conciliatory tone in its dealings with Erbil.

Consequently, Baghdad has withdrawn even the much worse offer that was on the table – that had already been rejected by Erbil – in favor of allowing the Chinese government, through its own corporate proxy, China National Petroleum Corporation – to act as its intermediary in these budget-for-oil deal negotiations with the KRG. The previous deal on offer was that rather than the previous 17 percent share of Baghdad’s budget in exchange for a full quota of oil coming from the KRG, Baghdad would offer 12.67 percent. Baghdad said this figure was more in line with the percentage population of the KRG area in Iraq as a whole. “Basically, this deal will involve the Chinese doing a deal with the Russians and bribing the Barzanis to accept whatever deal is agreed between Beijing and Moscow,” said the Iraq source.

For China, given that it has temporarily had to shelve its plans for Iran due to a backlash in Tehran over various media revelations about the devil in the details – many of them exclusively appearing on OilPrice.com before they were further syndicated – regards Iraq as a worthy stand-in for the time being, both in terms of its massive oil and gas reserves and its geographical position. “A deal would have had to have been done with Iraq anyway in order for China to put into place the planned Middle East section of its ‘One Belt, One Road’ strategy, so this problem with Iran has just meant that Beijing has had to change the order of the deals,” the Iraq source told OilPrice.com.

If you do a deal with Iraq, you are basically signaling your ongoing intentions to Iran as well, given the enormous economic, political, and military power then Tehran wields over Baghdad, and securing Iraq and Iran means that China will have a direct route for its ‘One Belt, One Road’ project into Europe, via both Turkey and the FSU [Former Soviet Union] states and then Russia,” the Iraq source added.

The Iraq deal that China is working on is similar in tone and range to that which had been accepted by Iran as part of the 25-year deal signed between Iran and China recently. In addition to being granted huge reductions on buying Iranian oil and gas, China would have been given the opportunity to build factories in Iran – and build-out infrastructure, such as railways - overseen by its own management staff from Chinese companies, that had the same operational structure and assembly lines as those in China, but utilising the currently cheap labour available in Iran. The deal on the table for Baghdad, according to the Iraq source, is remarkably similar, centered initially on Chinese companies undertaking various projects in Iraq in exchange for China receiving at least 100,000 bpd of oil from Iraq. This amount, when added to the current amount being exported to China, would mean that around 30 percent of Iraq’s total oil production will be going to Beijing.

This ‘oil for construction’ deal was agreed in broad terms last September during a visit by Iraq’s Prime Minister Adel Abdul Mahdi to Beijing, with the purpose of expanding China’s then US$20 billion of investment in Iraq at that point, in addition to the US$30 billion or so in annual trade between the two countries. It also follows the signing in 2015 by Abdul Mahdi - who was then Oil Minister – of Iraq’s agreement to be part of the ‘One Belt, One Road’ initiative. Completing the circle – and the temporal reordering of Iran first, then Iraq – is that many of these Chinese projects will relate to Iraq’s transport infrastructure, including railways, ports, and airports, the Iraq source concluded.

Tyler Durden Sat, 10/19/2019 - 19:00
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Published:10/19/2019 6:24:36 PM
[structure:news/uk-news] Sex offender Jeffrey Epstein had '13 contact numbers for his friend Prince Andrew' Published:10/19/2019 6:24:36 PM
[The Blog] Who needs women’s sports anyway?

They'll just need to deal with it

The post Who needs women’s sports anyway? appeared first on Hot Air.

Published:10/19/2019 6:24:36 PM
[Entertainment] Jenelle Evans Enjoys Quality Time with Her Kids at a Monster Truck Rally Jenelle Evans, Son, Kaiser, Birthday PartyIt's no trip to the Happiest Place on Earth but Jennelle Evans and her kids are enjoying a fun-filled weekend nonetheless. The 27-year-old who was originally featured on MTV's 16...
Published:10/19/2019 5:53:45 PM
[Politics] AMAZING VIDEO of another normal guy FED UP with BS from climate protesters! LOL! It kinda feels like people are really getting fed up with the ridiculous protests that are trying to shut down commerce in order to pressure politicians to… shut down all commerce. We . . . Published:10/19/2019 5:53:45 PM
[Politics] AMAZING VIDEO of another normal guy FED UP with BS from climate protesters! LOL! It kinda feels like people are really getting fed up with the ridiculous protests that are trying to shut down commerce in order to pressure politicians to… shut down all commerce. We . . . Published:10/19/2019 5:53:45 PM
[Markets] Santiago On Fire: Chile's Military Quells Mass Riots With Tanks & Troops Patrolling Streets Santiago On Fire: Chile's Military Quells Mass Riots With Tanks & Troops Patrolling Streets

Chile's capital of Santiago has been rocked by riots driven largely by students, leading to President Sebastian Pinera declaring a state of emergency over the city, at the end of a week which by Friday witnessed increasingly violent unrest force the shutdown of the entire metro system, and which turned central areas into a war zone as protesters clashed with police.

Buildings and metro stations have been set on fire, and over 150 police officers injured, as students were seen in running clashes with security forces. The high-rise corporate headquarters of electric utility Enel was filmed going up in flames on Saturday as military troops were confirmed to be patrolling central streets and neighborhoods.

Student rioters have targeted metro stations over a price hike in fares, via Reuters.

The protests appear driven by multiple grievances over rising costs of living, including public services, healthcare and education, sparked by a recent rise in metro fare, which reportedly enraged the nation's large demographic of university students. 

Reports suggest the largely youth-led unrest is targeting the capital's transport and energy hubs and centers, as well as police, due to lack of promised reforms in these sectors, adding to the cost of living woes. 

Enel energy building in downtown Santiago went up in flames Friday night. Image source: AFP/Getty

Over the past week the metro authority has reported dozens of vandalism incidents related to a sudden price hike on fares reportedly due to higher energy costs and a weaker peso, with "serious destruction" of Santiago's vast subway system, which serves a total city population of seven million, making it impossible to operate safely. 

Footage circulating on social media showed entire metro trains on fire, with various parts of the city also ablaze, as mostly high school and university students set up makeshift barricades, attacked multiple metro stations, started fires, and generally brought the usually bustling city to a standstill.

President Pinera upon announcing the new state of emergency, said “The aim is to ensure public order and the safety of public and private property,” in a televised address.

The Chilean president further vowed, “There will be no room for violence in a country with the rule of law at its core.”

Clashes with police at a Santiago metro station, via EPA.

As The Guardian summarizes, the declaration gives authorities carte blanch to hand down harsh sentences to anyone caught violating public order:

As ordained by Chile’s dictatorship-era constitution, the state of emergency will apply to Santiago and can last for 15 days. It grants the government additional powers to restrict citizens’ freedom of movement and their right to assembly. Ominously, soldiers will return to the streets for the first time since an earthquake devastated parts of the country in 2010.

...In practice the law means that heavy sentences of up to 20 years imprisonment could be handed down to those found guilty of inhibiting or damaging public services.

Image via AFP

Saturday witnessed scenes of dozens of armored military troop carriers rapidly deploying across Santiago. 

Protesters and activists decried what they described as "tanks in the streets" amid the general crackdown. 

Meanwhile the Chilean student federation has urged a nationwide strike for Monday, after an estimated $700,000 worth of damage had been done to the city's high-tech metro rail system. 

Though Chile remains among the wealthiest countries in Latin America, the rapidly widening gap between rich and poor is believed to be a key contributing factor to this week's dramatic unrest. 

Tyler Durden Sat, 10/19/2019 - 18:30
Published:10/19/2019 5:53:45 PM
[worldNews] UK PM sends unsigned letter to EU asking for Brexit delay British Prime Minister Boris Johnson sent an unsigned letter to the European Union on Saturday requesting a delay to Brexit but he also sent another message in which he stated he did not want the extension, a government source said.
Published:10/19/2019 5:53:45 PM
[Markets] UK PM sends unsigned letter to Brussels seeking further Brexit delay U.K. Prime Minister Boris Johnson has sent a request to the EU for a delay to Brexit - but without his signature. The request was accompanied by a second letter, signed by Mr Johnson, which says he believes that a delay would be a mistake. The PM was required by law to ask the EU for an extension to the 31 October deadline after losing a Commons vote earlier Saturday. EU Council President Donald Tusk tweeted that he had received the extension request.He did not provide details of its content, but added that he will now consult EU leaders "on how to react". Hours after losing a cvote in a historic Saturday session in the House of Commons, the prime minister ordered a senior diplomat to send an unsigned photocopy of the call by MPs set out in the so-called Benn Act, passed last month. A senior Downing Street source said that the hard copy and email copy of the letter would be conveyed by Sir Tim Barrow, the UK's representative in Brussels. Published:10/19/2019 5:53:44 PM
[Politics] Brexit: Boris Lands In Same Trap As Mrs. May Let's not beat about the pumpkin. The United Kingdom's latest withdrawal agreement with the European Union is a disappointing deal. It fails to deliver Brexit. It is arguably a worse agreement than Prime Minister May's flawed document. Her successor as premier, Boris Johnson, despite all his avowed "do or die" rhetoric, has failed to deliver on the 2016 referendum mandate for Britain to exit the EU and to regain its independence. Nor can there be any doubt on the motivations of anti-B... Published:10/19/2019 5:53:44 PM
[Politics] Education Secretary Slams 2020 Candidates' Higher Ed Plans College affordability plans by Democratic presidential candidates are "crazy" and too costly, President Donald Trump's education chief says.Democrats are responding to what's seen as a crisis in college affordability, offering proposals that range from tuition-free college... Published:10/19/2019 5:24:46 PM
[Politics] Crowds come out in force for Bernie Sanders' comeback rally in Queens

Bernie Sanders leaped back onto the campaign trail Saturday with a rowdy political rally aimed at reassuring supporters unnerved by the 78-year-old's recent heart attack.

Published:10/19/2019 5:24:46 PM
[Markets] Jill Stein Challenges Hillary To Debate After "Russian Asset" Smear Jill Stein Challenges Hillary To Debate After "Russian Asset" Smear

Authored by Eoin Higgins via CommonDreams.org,

Former Secretary of State Hillary Clinton on Friday made the baseless claim that Dr. Jill Stein, the Green Party's 2016 nominee for president, was a Russian agent—an allegation that was met with derision from Stein and an invitation to debate. 

"In light of the latest slanderous allegations from Hillary Clinton, I challenge her to a debate," tweeted Stein.

"It's a shame HRC is peddling conspiracy theories to justify her failure instead of reflecting on real reasons Dems lost in 2016," Stein added.

Clinton, who lost the 2016 presidential election to Donald Trump, made the comments in an interview with David Plouffe on his Campaign HQ podcast.

"She's a Russian asset," said Clinton.

"I mean, totally."

The former secretary of state also claimed that Rep. Tulsi Gabbard (D-Hawaii), a hopeful for the Democratic nomination in 2020, was compromised by Russia. 

"She's the favorite of the Russians," said Clinton, who also claimed that Gabbard is being set up to run third party. "They have a bunch of sites and bots and other ways of supporting her so far."

The comments didn't sit well with Noah Schachtman, editor-in-chief of The Daily Beast.

"I hope Hillary has solid evidence for this," said Shachtman.

"Otherwise, it's an incredibly fucked up thing for someone of her stature to just blurt out."

According to The Washington Post, Clinton has yet to back up her remarks:

Clinton did not provide any evidence for her claim, though a spokesman later insisted to CNN, "This is not some outlandish claim; this is reality."

Progressives responded to Clinton's conspiracy theories with ridicule.

"Hillary's comments about Tulsi just make totally clear how ridiculous the Russia conspiracy crowd has become," said journalist Krystal Ball.

Grayzone journalist Aaron Maté called Clinton's comments "vile" and centered them in the context of the broader narrative of Democrats smearing opponents as "Russian dupes."

"The delusion runs deep," said Maté.

As The Intercept's Glenn Greenwald pointed out, Clinton herself is no stranger to conspiracy theory slurs.

"This is on the level of those who accused Hillary of murdering Vince Foster and running a drug ring out of that Mena runway," said Greenwald. "It's unhinged and shameful—but completely in line with standard Democratic tactics."

Tyler Durden Sat, 10/19/2019 - 18:00
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Published:10/19/2019 5:24:46 PM
[Uncategorized] Greta Thunberg’s rally in Canada met by energy worker counter-protests Some Canadians are also tired of environmental justice scolds Published:10/19/2019 5:24:46 PM
[Markets] Market Extra: Blackstone’s billionaire co-founder says investors should worry about these 5 market dilemmas The private-equity titan says ‘there are a lot of things going on” today that should concern market participants
Published:10/19/2019 5:24:46 PM
[General] Wow, this guy can chuck an Extinction Rebellion sign blocking the street really, really far

Extinction Rebellion protesters really know how to win people over to their lunatic cause.

The post Wow, this guy can chuck an Extinction Rebellion sign blocking the street really, really far appeared first on twitchy.com.

Published:10/19/2019 4:54:28 PM
[c2e57f00-6cf2-5261-a689-d38db7f65db5] Dan Gainor: Fake news – ABC falsely portrays Kentucky shooting range as Syria battle scene ABC News used video of shooting at a gun range in Kentucky and said it showed an attack by Turkish forces on Kurds in Syria. This made President Trump look bad and potentially escalated the conflict. Published:10/19/2019 4:54:28 PM
[Markets] Fisher Investments Pension Losses Spike To $1.3 Billion As Iowa Pulls Out Fisher Investments Pension Losses Spike To $1.3 Billion As Iowa Pulls Out

No sooner did we report  that the city of Boston had pulled out of Fisher Investments to the tune of $248 million than another state has followed suit and hit the exits, according to CNBC.

The Iowa Public Employees Retirement System is ending its relationship with Fisher Investments and pulling out $386 million. This brings the total losses in pension assets for Fisher to about $1.3 billion. 

Shawna Lode, spokeswoman for the IPERS, said: “IPERS staff has taken time to evaluate this situation, and it is our opinion that Mr. Fisher’s comments have damaged the credibility of the firm and its leadership. As a result, the risk to IPERS is that the firm could lose investment talent, and/or it may be unable to recruit high caliber talent in the future.

“Furthermore, the negative publicity will probably continue to be a major distraction to Fisher Investment personnel,” she continued.

About two weeks ago, Lode had previously commented that the IPERS was reviewing their relationship with Fisher Investments: "Fisher’s remarks are obviously concerning," she said at the time. "Although our investment management contracts do not include a conduct policy, we hold our partners to the highest standards and reserve the right to amend or sever any contract at our discretion.”

Recall, just days after the $70 billion state of Michigan retirement fund pulled its assets from Fisher Investments, the city of Boston also did the same, pulling $248 million in pension funds.

Fisher managed $600 million in retirement funds for Michigan and the state's exit ends a 15 year relationship with Fisher's firm.

Boston Mayor Martin Walsh said: “Boston will not invest in companies led by people who treat women like commodities. Reports of Ken Fisher’s comments and poor judgment are incredibly disturbing.”

Michigan’s chief investment officer, Jon Braeutigam, notified the state investment board of the termination on October 10. In his letter, he said that Fisher's comments were "unacceptable" and that although employees at his fund hadn't witnessed similar comments, “history does not outweigh the inappropriateness of the comments.” 

Fisher was managing about $10.9 billion on behalf of 36 state or municipal government entities at the end of 2018, down from $13.2 billion at the end of 2017. That number will likely be sizeably lower at the end of 2019. 

And as we stated weeks ago, the blowback may not be over: we reported that other clients of Fisher's were "reevaluating" their relationship with the firm after the manager's sex jokes at a financial conference. 

Maxwell Rule, chief financial officer of Hames, a company who has their 401(k) managed by Fisher, said last week: “It certainly taints their reputation. I wouldn’t comment at this point whether this would lead us to take our business elsewhere, but I will certainly have a conversation with the ownership regarding that. As a fiduciary I have an obligation to have that conversation."

About three weeks ago we reported that at a conference in San Francisco, Fisher - whose firm manages more than $100 billion - shocked attendees when he compared gaining a client's trust to "trying to get into a girl's pants." Fisher also said at the same conference that executives who were "not comfortable talking about genitalia should not be in the financial industry." 

Tyler Durden Sat, 10/19/2019 - 17:30
Published:10/19/2019 4:54:28 PM
[The Blog] Report: De Blasio used City Hall staff on POTUS campaign

Ooops

The post Report: De Blasio used City Hall staff on POTUS campaign appeared first on Hot Air.

Published:10/19/2019 4:54:28 PM
[Entertainment] Teresa Giudice Debuts Sexy Game of Thrones-Inspired Costume Before Halloween Teresa Giudice, Halloween 2019, Costume, InstagramWell this is a Game of Thrones character we have never seen... Teresa Giudice posted on her Instagram page on Saturday a photo of herself dressed for an early Halloween party. She wore a...
Published:10/19/2019 4:54:28 PM
[Political Cartoons] Cheeky Women – Grrr Graphics – Ben Garrison Cartoon

By Ben Garrison -

“Two peas in the communist pod” Hillary Clinton has a new book out titled, “The Book of Gutsy Women.” She and her daughter Chelsea penned it. Knowing her, it was ghostwritten, but who knows. Hillary’s best-selling book lists 100 gutsy women including Greta Thunberg. She stated the world needs more ...

Cheeky Women – Grrr Graphics – Ben Garrison Cartoon 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:10/19/2019 4:54:28 PM
[World] Dear Democrats, time to make like an REO Speedwagon and 'fly'

Twelve Democrats took to the Ohio stage this week to battle it out for the party's 2020 nomination for president. Only about five should have been there.

The next day, 12 Democrats took to their various media platforms to claim victories, slam opponents, clarify positions — and double down on ... Published:10/19/2019 4:24:56 PM

[Entertainment] Victoria Beckham Recreating Her Signature Leg Pose is Giving Us Life David Beckham, Victoria BeckhamPosh Spice is giving us a kick out of her latest Instagram video. The former Spice Girls member and businesswoman, Victoria Beckham is bringing back her signature leg power pose....
Published:10/19/2019 4:24:56 PM
[Markets] Nouriel Roubini Concedes Bitcoin "Maybe Is A Partial Store of Value" Nouriel Roubini Concedes Bitcoin "Maybe Is A Partial Store of Value"

Authored by Marie Huillet via CoinTelegraph.com,

Economist Nouriel Roubini — also known as “Dr. Doom” for his prediction of the 2007–2008 financial crisis and his criticism of cryptocurrencies — has conceded that Bitcoin (BTC) is “a partial store of value.”

image courtesy of CoinTelegraph

Roubini made the concession during a panel alongside high-profile crypto industry figures such as Brock Pierce, Bobby Lee and Tone Vays during the CC Forum 2019 conference in London on Oct. 16.

“Maybe Bitcoin is a partial store of value”

As Tone Vays suggested in a tweet on Oct. 17, Roubini’s admission arguably represents “baby steps” forward in his stance toward cryptocurrencies — notwithstanding the fact that Roubini swiftly followed his comment with several criticisms:

Maybe Bitcoin is a partial store of value but it’s not a unit of account, it’s not a means of payment, it’s not scalable [...] in spite of its rally earlier this year, it’s lost 60% in value since its peak, so I don’t see it going anywhere frankly.”

“I’d take the U.S. dollar over any one of your s***coins,” he told BTCC founder Bobby Lee, arguing that financial innovation, albeit imminent, would instead come from implementations of AI, big data and IoT technologies in the fintech space. 

Roubini noted that as an analyst of financial crises, he is “not a defender of the traditional financial system.” He nonetheless forcefully argued that central banks’ responses to 2008 — such as coordinated monetary policy and the Fed assuming the role of “lender of last resort” — had worked and prevented the Great Recession from becoming “a Great Depression 2.0.”

Tokenization a return to the “Stone Age”

Roubini also argued that tokenizing assets, as proposed by some blockchain advocates, would return us to a “Stone Age of bartering” as it would inhibit a measure of the relative price of goods:

“‘Even the Flintstones had a more sophisticated system of value than crypto.”

The economist’s bleak assessment of cryptocurrencies chimed with his starkly pessimistic outlook on the macroeconomic landscape, in which he emphasized the risks of a cold trade war between the U.S. and China spurring a balkanization and de-globalization of the world economy, a possible hard Brexit sparking a eurozone recession, and a potential hike in oil prices due to rising geopolitical tensions in the Middle East.

More broadly, he claimed, we are seeing something of “a populist backlash” against frictionless trade, migration, and even against technology as it becomes increasingly capital intensive and labor saving.

During the panel, Roubini reiterated many of his by now well-known remarks on cryptocurrency — such as that international governments will categorically quash any value transfer system that is truly anonymous, and that decentralization in crypto is a myth.

Tyler Durden Sat, 10/19/2019 - 17:00
Published:10/19/2019 4:24:56 PM
[] Saturday Afternoon Chess Thread 10-19-2019 GM Anton Korobov, apparently contemplating a less-than-ideal position (Either that or he's just realized he could've saved 10-15% on car insurance by switching to Geico.) (h/t lurker 'Guy' for the photo) TheJamesMadison will be along later with the movie thread.... Published:10/19/2019 4:24:56 PM
[Markets] PG&E May Sporadically Cut Power To Californians For A Decade PG&E May Sporadically Cut Power To Californians For A Decade

Californians trying to justify living in the Golden State might be updating their pro/con list by occasional candlelight for up to a decade, according to PG&E. 

On Friday, the state's largest utility announced that intentional power outages aimed at preventing wildfires may continue for up to a decade. 

CEO Bill Johnson later clarified during a Friday meeting of the California Public Utilities Commission, saying "I didn't mean to say we'd be doing it on this scale for 10 years. I think they'll decrease in size and scope every year." 

Any of PG&E's 5 million electric customers can be affected by the practice known as Public Safety Power Shutoff (PSPS), which cuts electricity to avoid causing fires during high winds and dry conditions.

    California Public Utilities Commission said it held the emergency meeting specifically to hear from PG&E's executives regarding "the mistakes and operational gaps identified in the utility's latest Public Safety Power Shut-off (PSPS) events and to provide lessons learned to ensure they are not repeated." -CNN

    Last week nearly 800,000 Californians lost power after PG&E shut it off to lower the risk of wildfires caused by the company's equipment. The outage cost the city of San Jose at least half a million dollars, according to the mayor. 

    According to PG&E, however, "dealing with wildfires is the new abnormal within California." 

    The utility faced harsh comments during Friday's meeting, with Public Utilities Commission President Marybel Batjer saying she was "astonished" at PG&E's lack of modern technology and services - citing the fact that even their website crashed during the shutdown

    "This is not hard," Batjer told PG&E execs. "You guys have failed on so many levels on pretty simple stuff. You need to get there now. Not at the end of the year. Now.

    In response to a Monday demand from California Governor Gavin Newsom that the company reimburse those affected by the shutoffs, PG&E wrote: "We understand that shutting off power is an extreme measure that disrupts lives, and we certainly recognize that there are areas of our operations and communications which we must improve. I do believe our decision to execute this PSPS for the safety of our customers and the communities we are privileged to serve was the right decision." 

    Tyler Durden Sat, 10/19/2019 - 16:30
    Published:10/19/2019 3:54:06 PM
    [worldNews] Trump, Lopez Obrador agree to take action to stem flow of weapons to Mexico Mexico's foreign minister said on Saturday that President Andres Manuel Lopez Obrador and his U.S. counterpart Donald Trump had agreed to take swift action to stem the flow of illegal weapons from the United States into Mexico, where a drug war is raging.
    Published:10/19/2019 3:54:06 PM
    [Markets] Where Should I Retire?: ‘I’m 73 and fed up with California and want a gun-friendly, affordable city with good weather — so where should I retire?’ Some hidden gems to consider in Georgia, New Mexico and Arkansas.
    Published:10/19/2019 3:54:06 PM
    [US News] At Bernie’s rally, Alexandria Ocasio-Cortez sure sounds like she supports school choice

    Alexandria Ocasio-Cortez's parents sent her to a good school district, so she's in favor of other families doing the same, right?

    The post At Bernie’s rally, Alexandria Ocasio-Cortez sure sounds like she supports school choice appeared first on twitchy.com.

    Published:10/19/2019 3:54:06 PM
    [Apps] MediaLab acquires messaging app Kik, expanding its app portfolio Popular messaging app Kik is, indeed, “here to stay” following an acquisition by the Los Angeles-based multimedia holding company, MediaLab. It echoes the same message from Kik’s chief executive Tim Livingston last week when he rebuffed earlier reports that the company would shut down amid an ongoing battle with the U.S. Securities and Exchange Commission. Livingston […] Published:10/19/2019 3:54:06 PM
    [Politics] Trump, Lopez Obrador Agree to Take Action to Freeze Flow of Weapons to Mexico Mexico's foreign minister said on Saturday that President Andres Manuel Lopez Obrador and his U.S. counterpart Donald Trump had agreed to take swift action to stem the flow of illegal weapons from the United States into Mexico.Lopez Obrador told Trump on a phone call "I... Published:10/19/2019 3:23:44 PM
    [Media] ABC News’ Matthew Dowd scolds Megyn Kelly for not standing up for Christine Blasey Ford

    Uh oh, Matthew Dowd, Megyn Kelly read your cowardly subtweet — time to delete.

    The post ABC News’ Matthew Dowd scolds Megyn Kelly for not standing up for Christine Blasey Ford appeared first on twitchy.com.

    Published:10/19/2019 3:23:44 PM
    [Entertainment] Transform Into Disney's Maleficent With MAC Cosmetics This Halloween Maleficent MacWe love these products, and we hope you do too. E! has affiliate relationships, so we may get a small share of the revenue from your purchases. Items are sold by the retailer, not...
    Published:10/19/2019 3:23:44 PM
    [Markets] Impeachment Becomes A Psychodrama Of The Press Impeachment Becomes A Psychodrama Of The Press

    Authored by Conrad Black via The New York Sun,

    We are living through a phantasmagoric psychodrama generated by the dishonest national political press. This is the press whose Joe Scarborough of MSNBC did not show some of President Trump’s responses to his enemies because of “concern” for the president’s family, as he “seems to have lost his mind.”

    This is a new frontier in American journalism, where a television news commentator who hates the president wishes to spare the president’s family a rerun of his entirely rational denunciations of his enemies.

    The House of Representatives began considering impeachment because an anonymous Democrat and former political associate of Vice President Biden received a hearsay account of a conversation between President Trump and President Volodymyr Zelensky of Ukraine, in which Mr. Trump encouraged the newly elected leader to find out if Mr. Biden and his son had done anything inappropriate in Ukraine. The president quickly made the transcript of the conversation public.

    Partisan Democrats and formerly sensible commentators have portrayed Mr. Trump’s request as a demand for incriminating evidence on Mr. Biden, failing which he would not resume U.S. aid to Ukraine. In other words, this was a solicitation for a benefit of value to Mr. Trump’s 2020 reelection campaign. The reference to a resumption of aid was 500 words earlier in the transcript, and not connected at all to the Biden question.

    When Mr.Biden was mentioned, it was to request to know what happened — a neutral request for the facts. Yes, Mr. Trump said the appearance of the former vice president’s son $50,000-a-month sinecure as a director of a Ukrainian gas company, along with the elder Biden’s boast of having a Ukrainian prosecutor fired, was “horrible.” And so it was. But there may be uncontroversial explanations. If the Biden allegations are unfounded, Americans will want to know. If the facts are corrupt in themselves, Americans — and Democrats especially — will want to know that, too.

    In reality, the whole episode is nonsense, a farce. House Speaker Nancy Pelosi won’t hold a vote on a formal impeachment inquiry because she couldn’t win the vote. If there were such an inquiry, where the Republicans called and examined witnesses and subpoenaed documents, it would collapse as quickly as the Russian collusion fraud did when former special counsel Robert Mueller stumbled through his congressional inquiry.

    House Intelligence Committee Chairman Adam Schiff — who is usually lying when his lips aren’t moving and always is when they are — says we will not be hearing from a non-whistleblowing leaker, to give his hearsay evidence of a conversation that any person in the world can read and see has no legal implications whatever. But the investigation indomitably continues. It is like the last government of the German Third Reich, meeting in the week following the death of Hitler on the few thousand acres they still governed on the Danish border, discussing agriculture and immigration.

    With no evidence of wrongdoing by the president, the Trump-hating press is now scrambling after Rudolph Giuliani, formerly one of the nation’s toughest prosecutors, as if they can pin something on him while he acted as the president’s private attorney. With Hunter Biden in hiding, this ludicrous mockery must end. Pompous commentators who don’t like Mr. Trump but have learned to live with their underestimation of him cannot go on indefinitely with wagging heads and furrowed foreheads, discussing the president’s “crisis.”

    Fox News, which is generally well-disposed to the president, published a poll last week that 51% of Americans believe the president should be impeached and removed from office.

    Fox’s polls aren’t very accurate, though their news coverage and comment are quite professional. But this one is bunk. Between 40% and 50% of Americans may wish there were a reason to remove Mr. Trump, or hope that he won’t be reelected. That figure is insufficient to change congressional votes on an impeachment resolution, given that about 45% of the country is militantly pro-Trump and probably 10 million others will hold their noses and vote for his substantive performance despite his stylistic foibles.

    But a substantial part of the anti-Trump vote is a levitation, sustained by the unprecedented hostility and dishonesty of almost all the national political press, which has been confirmed in independent studies by Harvard University and the Pew Research Center and others.

    Not all the hostile press is shrill. My rational and moderate friend of many years, Fareed Zakaria of CNN, wrote in the Santa Cruz Sentinel on October 11 that he now favors “an impeachment inquiry” because Mr.Trump’s “efforts to pressure the new Ukrainian government, including his phone call with President Volodymyr Zelensky, were profoundly wrong;” and because of Trump’s “far more troubling . . . refusal to cooperate with the impeachment inquiry.”

    Implicit in this explanation is the retreat away from the Trump-Zelensky telephone call, which is effectively conceded not to be probative evidence of any impropriety. Instead, Democrats are returning to the justification that impeachment is warranted based upon unspecified, unimaginable, and surely nonexistent evidence of presidential misconduct. The pitiful squeak that is meant to be a clinching argument is Mr. Trump’s refusal to cooperate with an impeachment inquiry based on an illusion.

    The Democrats are stuck with this clunker. Maybe Speaker Pelosi wanted to humiliate the young Marxist congresswomen and Mr. Schiff and the porcine Jerry Nadler, who chairs the House judiciary committee. Maybe she wanted to get this out of the way now before it caused the Democrats more embarrassment, and before the long-awaited indictments of a number of prominent members of the previous administration for its unconstitutional confection and promotion of the Trump-Russian collusion fraud.

    It is not for me to read Mrs. Pelosi’s mind, but she must have had some reason to let this anemic, spavined cat out of the bag. But this cat can’t purr and has no whiskers, let alone claws. In Monty Pythonese, “It’s a dead Cat!” (and it won’t even bounce).

    The Democrats’ presidential nomination candidates are a rag-tag of extremists, kooks, dolts, and bumbling geriatrics, (Hillary Clinton was back last week with her autocue squib that Mr. Trump’s “an illegitimate president”). But it is a national party because it has tens of millions of traditional supporters who are reasonable people. Their aversion to Trump enabled most of them to endure the bone-crushing defeat over the Russian fiction.

    The allegation a few weeks ago of a 30-year-old act of sexual misconduct by Supreme Court Justice Brett Kavanaugh, which had most of the candidates screaming for his impeachment in the 24 hours before it was exposed as a completely unfounded charge, must have caused unease to many thoughtful Democrats.

    But when this stinker implodes, after they have got the faithful to the edges of their chairs and exhumed John Dean and Carl Bernstein, the bloodless assassins of Richard Nixon, and the full gallery of their unctuous homelists and pietists who demean the occupation of commentator, sensible Democrats will disembark. The best way Democrats can serve their party now is to try to get a plausible semi-moderate like Senator Klobuchar of Minnesota, no world-beater but Walter Mondale in drag-she can lose with honor and dignity, and turn off the CNN-MSNBC-main network hate machine.

    Mr. Trump can’t be removed from his office; he deserves and will gain reelection on his record; the Democrats will be back — both parties always are. But the sooner the country tunes out this dishonest, evil press putschism, the better for the whole country, especially the national political news outlets themselves.

    Tyler Durden Sat, 10/19/2019 - 16:00
    Tags
    Published:10/19/2019 3:23:44 PM
    [Uncategorized] Dutch farmers stage protests against climate alarmist laws "We are not animal abusers and environment polluters. We have a heart for our businesses." Published:10/19/2019 3:23:44 PM
    [The Blog] “Law and Order” star arrested with Jane Fonda on Capitol Hill

    Fire Drill Friday forges on.

    The post “Law and Order” star arrested with Jane Fonda on Capitol Hill appeared first on Hot Air.

    Published:10/19/2019 3:23:44 PM
    [Markets] Parliament vote forces UK to postpone Brexit beyond Oct. 31 A defiant Prime Minister Boris Johnson said Saturday that he would resist attempts to delay Britain’s departure from the European Union beyond the end of the month, though he appeared to have no choice but to seek an extension after Parliament postponed a decision on whether to back his Brexit deal.
    Published:10/19/2019 3:23:43 PM
    [Markets] Why the bull market won’t end with a typical crash, says hedge fund billionaire Ray Dalio The U.S. and China may be nearing a tentative, partial trade agreement but the IMF’s new leader has warned even a comprehensive deal won’t be enough to boost global growth. Published:10/19/2019 2:53:44 PM
    [Entertainment] Gigi Hadid Wears Shady Shirt After Tyler Cameron Breakup Gigi Hadid, Boys Lie Shirt Shade alert? Gigi Hadid wore a cryptic outfit while out and about in New York City recently, two weeks after E! News learned that the 24-year-old model and Bachelorette alum Tyler Cameron...
    Published:10/19/2019 2:53:44 PM
    [Quick Takes] Racist Posters on UW-Madison Campus Revealed to be Part of a ‘Protest’ "the posters were put up as part of a protest by students of color" Published:10/19/2019 2:53:44 PM
    [worldNews] Pompeo says U.S. committed to Afghan peace after deadly explosions U.S. Secretary of State Mike Pompeo said on Saturday Washington remained committed to peace and stability in Afghanistan as police searched for bodies in the rubble of a mosque in eastern Nangarhar province where bomb blasts killed at least 69 people.
    Published:10/19/2019 2:53:44 PM
    [Politics] Johnson Might Yet Get Brexit Done: Counting the Votes Published:10/19/2019 2:31:18 PM
    [worldNews] Police free nearly 150 from school in northern Nigeria Police said on Saturday they had freed nearly 150 students from a purported school in northern Nigeria that claimed it was teaching the Koran but had instead subjected them to abuse.
    Published:10/19/2019 2:31:18 PM
    [Markets] Need to Know: Why the bull market won’t end with a typical crash, says hedge fund billionaire Ray Dalio The U.S. and China may be nearing a tentative, partial trade agreement but the IMF’s new leader has warned even a comprehensive deal won’t be enough to boost global growth.
    Published:10/19/2019 2:31:18 PM
    [US News] Beto O’Rourke uses #NationalPeriodDay to promote his Menstrual Equity Act

    Add Beto O'Rourke to those candidates using #NationalPeriodDay to pander for votes.

    The post Beto O’Rourke uses #NationalPeriodDay to promote his Menstrual Equity Act appeared first on twitchy.com.

    Published:10/19/2019 2:31:18 PM
    [Markets] Goldman: These Are The Two Huge Risks Facing Traders Right Now Goldman: These Are The Two Huge Risks Facing Traders Right Now

    Back on September 8, just hours before September's notorious "quant crash" that sent "momentum" and "growth" stocks tumbling and "value" and "most-shorted" names surging...

    ... alongside a sharp spike in interest rates which crashed the "market-neutral" momentum index...

    ... and which also crippled Long/Short hedge funds who had ridden the growth vs momentum divergence to unprecedented extremes only to suffer in the fallout of the trade's reversal, sending Goldman's Hedge Fund VIP basket tumbling as stock with a high hedge fund ownership concentration hit a 1+ year low...

    ... Morgan Stanley made an prescient warning, one which we discussed in "Morgan Stanley Spots A Major Challenge Facing Today’s Market: What If Things Get Better?As the bank's cross-asset strategist Andrew Sheets wrote that "this week’s rally shined a light on the market’s bull case, and the importance of a better economy to that story. Given our cautious views on growth, trade progress and central bank action relative to consensus, we maintain our cautious stance. But this week was a shot across the bow: if we’re wrong and growth is set to reaccelerate, the market isn’t positioned for it. The moves could be large."

    Ever since then, traders have been obsessed by the threat that the world is shifting away from a decelerating growth trajectory and re-entering growth, albeit week; more specifically, traders have been extremely cautious in identifying key inflection points which transform the "bad news is good news" regime to a "bad news is bad news" again.

    Well, as Goldman writes on Friday, after being mostly negative YTD, macro surprises have turned positive for the first time since April 2019, if only marginally, as Goldman's "global CAI Innovations index" has turned sharply higher in recent weeks, even if it remains negative.

    A less subjective interpretation of incoming data, if one coming sentiment surveys, confirms that an inflection point was recently reached, as the global manufacturing depression appears to be finally bottoming out; to wit, after the longest slowdown in global manufacturing PMIs on record, PMI prints have finally posted an increase in the last 2 months.

    Of course, with some $15 trillion in debt still trading at negative yields and traders still predominantly positioned for continued downside in yields, what the above observations of a potential inflection point to global growth - and inflation - imply, is that yields could go sharply higher from here as a waterfall liquidation, coupled with the occasional VaR shock, results in a furious selloff in duration as inflation expectations reprice higher.

    This, as Morgan Stanley first hinted over a month ago, and as the quant crash from mid-September showed vividly, is a major problem, because as Goldman's Christian Mueller-Glissman explains, "a sustained increase in real yields due to better growth could also drive a violent procyclical rotation across and within assets, similar to 2H 2016. This could hit a lot of the popular rotation trades YTD as the combination of structural and cyclical growth concerns and lower real yields has led to concentrated positioning."

    To dramatically underscore this point, the Goldman strategist also brings attention to the "sharp (albeit temporary) rotation in September", which served as a "preview" of what is to come should growth return to the global economy. More importantly, as the chart below - which plots the 3-month correlation of popular rotation trades with real yields - shows,  the extreme negative correlation, or "asymmetry" between real yields and "consensus trades"  has never been greater!

    In other words, whereas the S&P500 is up roughly 20% YTD, not only are most traders lagging - as we showed recently in our latest hedge fund performance report - the broadest benchmark, but they all appear to be pursuing the same consensus trades.

    Intuitively this makes sense: after all, the worse the news, the most likely central banks are to engage in further easing and unroll even more accommodative policies. And sure enough, as Goldman notes, support from monetary policy is already fading:

    Initially this came alongside a sharp steepening of US yield curves and an increase in US 10-year TIPS yields - a reversal of the ‘risk off’ move in August - as PC1 ‘ Global growth’ recovered at the same time. But since October PC2 has declined further, even as PC1 fell sharply at the beginning of the month.

    In short, as Goldman concludes, in the near-term it seems increasingly difficult for G3 central banks to surprise in a dovish direction without weaker growth first.

    What the above means, said simply, is that the biggest risk traders face, is not some geopolitical shock, Impeachment inquiry, trade war, or economic slowdown, but - paradoxically - the threat that things are getting better again. Or as Morgan Stanley warned more than a month ago, "if growth is set to reaccelerate, the market isn’t positioned for it. The moves could be large."

    Ok... so if growth is the biggest risk then the playbook is simple: hope for even more bad news, and more easy policies. Simple, right?

    Well, not quite, because as Goldman admits, whereas "good news" is the biggest near-term risk to consensus trades, more bad news could end up being just as bad. Or, as Glissman writes, "until a meaningful growth pick-up comes, markets remain vulnerable to negative shocks, and as a result the range could get 'fatter.' With the fading search for yield, the correlation of the VIX with US 10-year TIPS yields has turned sharply negative.

    This is notable, because a similar extreme correlation between the VIX and TIPS yields was observed during the Tech Bubble Burst (2001/02), the GFC (2008), the Euro area crisis (2011) and the EM/Oil crisis (2015/16).

    Intuitively, this too makes sense, as lower real yields from here "could signal increased recession risks, e.g., a spillover from weak global manufacturing to services and the labor markets, and thus higher risk premia across assets would outweigh lower discount rates."

    Of course, since there is now at least one generation of traders who has never appreciated that bad economic news actually means bad news for stocks, Goldman points out that - at least in theory, and in a world where central banks don't manipulate all signals - "S&P 500 volatility tends to increase with weaker US growth" yet since this is anything but a normal world, as Goldman's US Current Activity Indicator has declined YTD, the VIX has barely budged.

    This will change, because as Glissman writes next, "shocks from policy, politics and geopolitics could quickly drive more volatility: there is a growing gap between the VIX and global/US economic policy uncertainty indices given increased concerns around geopolitical developments in the Middle East and Hong Kong, as well as domestic politics in the US."

    In other words, after years in which both good and bad news was interpreted as good news for stocks by traders, we are now entering a rather unpleasant phase for market, one where any "good news" could spark an unprecedented collapse in consensus trades, wiping out years of gains, on one hand and where continued economic slowdown could in turn spark a VIX shockwave, similar to the one seen just as the tech bubble burst and global financial crisis erupted.

    In short, after years in which every idiot trader made money regardless of how they were positioned, mean reversion is finally coming... and it will be a bitch.

    Tyler Durden Sat, 10/19/2019 - 15:22
    Published:10/19/2019 2:31:18 PM
    [World] Top Ten: Weekend roundup: Trump in 2020 | No. 1 retirement city | What to watch with Tesla Also, a simple explanation of Warren Buffett’s cash hoard.
    Published:10/19/2019 2:31:18 PM
    [] Ace of Spades Pet Thread *** *** Good afternoon Morons & Lurkers. Welcome to the almost world famous Ace of Spades Pet Thread. Sit. Stay. Enjoy the world of pets!... Published:10/19/2019 2:31:17 PM
    [Markets] The skyscraper indicator shows we’re near a market top Historically, bull markets in stocks and real estate bubbles, especially in commercial property, go hand in hand. The same irrational exuberance that persuades mediocre stock investors that everything they touch turns to gold also infects developers who leverage themselves to the hilt with cheap money near the peak of a cycle. In the past, the completion of record-high skyscrapers has been the proverbial bell that rings at the top of the market. Published:10/19/2019 1:53:42 PM
    [Apps] This Week in Apps: League of Legends goes mobile, Tim Cook talks to China and more Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support, and the money that flows through it all. The app industry in 2018 saw 194 billion downloads and more than $100 billion in purchases. Just in the past quarter, consumer spending exceeded $23 billion and installs topped 31 billion. […] Published:10/19/2019 1:53:42 PM
    [Entertainment] James Van Der Beek's Kids Adorably Reenact His Dancing With the Stars Performance James Van Der Beek, Wife, Kimberly, Kids, DWTS, InstagramDawson's kids are dancing stars in the making! On Dancing With the Stars on Monday, contestants danced to Disney songs and dressed up like characters from Disney movies. Dawson's...
    Published:10/19/2019 1:53:42 PM
    [Politics] Susan Rice says Trump told her she was treated unfairly over Benghazi – here’s what she said in 2015 So Suzy Rice tried to have her own Trump comeback at Trump yesterday after he was ripping on her from Twitter. I mean, pretty typical. Nothing too special. But Suzy saw it . . . Published:10/19/2019 1:53:42 PM
    [Markets] CIA Analysts Lawyer Up As Brennan, Clapper Ensnared In Expanding Russiagate Probe CIA Analysts Lawyer Up As Brennan, Clapper Ensnared In Expanding Russiagate Probe

    CIA analysts involved in the intelligence assessment of Russia's activities during the 2016 US election have begun to hire attorneys, as Attorney General William Barr expands his investigation into the origins of the Russia probe, led by US Attorney John Durham.

    US Attorney John Durham

    The prosecutor conducting the review, Connecticut U.S. Attorney John Durham, has expressed his intent to interview a number of current and former intelligence officials involved in examining Russia’s effort to interfere in the 2016 presidential election, including former CIA Director John Brennan and former director of national intelligence James Clapper, Brennan told NBC News. -NBC

    NBC learned of the 'lawyering up' from three former CIA officials "familiar with the matter," while two more anonymous leakers claim there's tension between the Justice Department and the CIA over what classified documents Durham has access to

    With Barr’s approval, Durham has expanded his staff and the timeframe under scrutiny, according to a law enforcement official directly familiar with the matter. And he is now looking into conduct past Donald Trump’s inauguration in January 2017, a Trump administration official said.

    One Western intelligence official familiar with Durham's investigation leaked that Durham has been asking foreign officials questions related to former Trump campaign aide George Papadopoulos, who was fed the rumor that Russia had 'dirt' on Hillary Clinton by a Maltese professor, Joseph Mifsud. While US media has sought to portray Mifsud as a Russian asset, the self-described member of the Clinton foundation has far stronger ties to the West.  

    According to congressional testimony given by Papadopoulos last October as well as statements he's made over Twitter, the whole thing was an FBI setup - as a 'woman in London, who was the FBI's legal attache in the UK' and "had a personal relationship to Bob Mueller after 9/11" was the one who recommended that he meet with Mifsud in Rome. 

    As the theory goes; Mifsud, a US intelligence asset, feeds Papadopoulos the rumor that Russia has Hillary Clinton's emails shortly after he announces he's going to join the Trump campaign. Papadopoulos repeats the email rumor to Australian diplomat Alexander Downer, who alerts Australia's intelligence community, which notifies the FBI, which then launches operation "Crossfire Hurricane" during which the FBI sent multiple spies (including a 'honeypot') to infiltrate the Trump campaign. Notably, former FBI employee Peter Strzok flew to London to meet with Downer the day after Crossfire Hurricane was launched - while Strzok's boss, Bill Priestap was in London the day before the Downer-Papadopoulos encounter

    And if this is all true, Durham has a lot to untangle - including the Clinton / DNC-funded Steele Dossier. 

    Tyler Durden Sat, 10/19/2019 - 14:30
    Tags
    Published:10/19/2019 1:53:42 PM
    [The Blog] Video: High-school football coach disarms would-be school shooter

    "You say you want to be here for the kids. Well, prove it, right there, in that instant."

    The post Video: High-school football coach disarms would-be school shooter appeared first on Hot Air.

    Published:10/19/2019 1:53:42 PM
    [worldNews] Women gather in Paris to protest against deadly domestic violence Hundreds of women took part in so-called "die-in" protests in central Paris on Saturday, hoping to draw attention to domestic violence against women.
    Published:10/19/2019 1:53:42 PM
    [2019 News] Hunter Biden never visited the Ukraine once Hunter Biden never visited the Ukraine once… during the five years he was a $50,000-a-month director at Burisma. To summarize, Hunter Biden did not know anything about the energy business, did not speak the language, and never even bothered to show up for a directors’ meeting while he was being paid millions of dollars to […] Published:10/19/2019 1:53:42 PM
    [aa1116e5-bd56-5036-bd56-cdd97401f536] David Bossie: Hillary vs. Tulsi – Clinton concocts crazy Russia collusion conspiracy theory involving Gabbard Hillary Clinton is imagining the Russians are working to help President Trump get reelected by getting Tulsi Gabbard to run as a third-party presidential candidate. Published:10/19/2019 1:53:42 PM
    [Markets] Von Greyerz: The Problem Is The Economy, Stupid! Not The Climate Von Greyerz: The Problem Is The Economy, Stupid! Not The Climate

    From Egon von Greyerz at goldswitzerland.com:

    The earth is about to get much cooler and so too is the earth’s economy.

    “Sic Transit Gloria Mundi” (Thus passes the glory of the world). This phrase was used at the papal coronations between the early 1400s and 1963. It was meant to indicate the transitory or ephemeral nature of life and cycles.

    As we are now facing the end of a major economic, political and cultural cycle, the world is likely to experience a dramatic change which very few are prepared for. Interestingly, the peak of economic cycles often coincide with the peaks in climate cycles. At the height of the Roman Empire, which was when Christ was born, the climate in Rome was tropical. Then the earth got cooler until the Viking era which coincided with the dark ages.

    THE PROBLEM IS “THE ECONOMY STUPID” AND NOT THE CLIMATE

    Yes, of course global warming has taken place recently as the effect of climate cycles. But the cycle has just peaked again which means that all the global warming activists will gradually cool down with the falling temperatures in the next few decades. The sun and the planets determine climate cycles and temperatures, like they have for many millions of years, and not human beings.

    The climate activists are spending their efforts on the wrong issue. The big disaster looming for the world is not climate change but “the economy stupid” (phrase coined by Clinton).

    So let’s instead look at the real coming disaster that the world needs to focus on and a number of facts that are self-evident even though very few are aware of them.

    Instead of worrying about global warming, which we humans cannot effect, we should instead issue a GLOBAL WARNING about the coming economic cataclysm so that the world can be prepared for the extremely serious problems that will hit us all in the next few years.

    Below I outline a potential scenario for the next 5-10 years:

    • BIGGEST ECONOMIC DISASTER IN HISTORY
      The world is heading for an economic disaster of a magnitude that is much greater than the 1930s depression. There is really nothing to compare with in history since the world has never been in a similar situation before when every single major economy is at risk.

    • GLOBAL DEBT WILL KILL THE WORLD ECONOMY
      Never before in history have all major countries lived above their means for such an extended period. And never before has global debt been almost 4X global GDP.

    • $2 QUADRILLION DEBT AND LIABILITIES
      In addition, unfunded liabilities, like medical care and pensions, are at least $300 trillion globally. If we add gross derivatives of $1.5 quadrillion, which are likely to turn into real debt as counterparties fail, the total debt and liabilities are above $2 quadrillion.

    • DEBT AT 30X GLOBAL GDP CAN NEVER BE REPAID
      $2 quadrillion is almost 30X global GDP. Who is going to repay this debt? Certainly not the current generation which has incurred most of it. And certainly not future generations which will neither have the means, nor the inclination to pay for the sins of the previous generation.

    • DEBT IS GROWING AT AN EVER FASTER RATE
      Most major economies are continuing to spend money they haven’t got and thus to print money and expand credit at an ever faster rate. The US for example has increased debt by $800 billion since June. As the US economy falters, annual deficits of $1-2 trillion will increase manifold in the coming years. And when the banking system comes under pressure, which is happening right now, money printing will accelerate at an ever faster pace. As the global economy falters, most major countries will see deficits and debts rising quickly.

    • NEGATIVE RATES – A RECIPE FOR DISASTER
      Negative rates are a disaster for the world. Over $17 trillion debt now carries negative interest. Firstly, it kills the incentive to save. A fundamental economic principle is that savings equal investments. The world cannot grow soundly with investments financed solely by debt or printed money. With no savings, most banks do not have funds to lend to businesses. Thus investments will slow down dramatically. Negative rates also lead to investors chasing ever riskier investments to get a higher return. Also, pension funds will not achieve adequate returns to cover outstanding liabilities.

    • DEBT AND ALL BUBBLE ASSETS LIKE STOCKS AND PROPERTY WILL IMPLODE
      Like the climate virtually all asset classes are overheated. The bubbles that the credit expansion has created will implode in the next few years together with the debt that created the bubbles. Central banks around the world will make a desperate attempt to save the world economy by printing unlimited amounts of money.

    • ALL CURRENCIES WILL GO TO ZERO – DEFLATION WILL FOLLOW HYPERINFLATION
      As money printing accelerates, paper money will become worthless and a depressionary hyperinflation will hit the world. Hyperinflationary periods on average last for around 1-3 years and are followed by a deflationary implosion of all asset values in real terms. At that point substantial parts of the financial system will cease to function properly or go bankrupt.

    • GOVERNMENTS WILL LOSE CONTROL
      Before new financial and political systems emerge, there will be social upheaval and unrest. Criminality will be widespread as desperate and hungry people will do what they can to feed themselves and their children. In many countries, immigrants will be blamed for the misery of the people. Right and left wing radicals will fight immigrants. There are likely to be periods of anarchy as governments lose control. I do not believe that an elite will control the world at that point. The disorderly unwinding of asset bubbles and the world economy will be uncontrollable.

    GLOBAL MARKETS ON THE CUSP OF CRASHING

    The above scenario could start at any time. In many respects it has already started. The world will only be aware of the next phase when global markets start the first severe phase of the coming secular downtrend. We could see this already in October which is a notorious crash month. Or it could start as late as in early 2020. We will also start to see increased pressures in the financial system including problems in many European banks as well as US banks.

    Once bubbles burst, the course of events could be very rapid. The above scenario could all happen over a few years and probably not more than five. This doesn’t mean that the economy will start recovering rapidly in five year’s time. It just means that markets and the worst problems reach a bottom. But after that the world will crawl along that bottom for many, many years.

    There is no absolute protection against this scenario since it will hit all aspects of life and virtually all people. Obviously, people living off the land in remote areas will suffer less whilst people in industrial and urban areas will suffer considerably.

    The best financial protection is without hesitation physical gold and some silver. These metals are critical life insurance. But there are clearly many other important areas of protection to plan for. A circle of friends and family is absolutely essential.

    Tyler Durden Sat, 10/19/2019 - 14:00
    Published:10/19/2019 1:26:45 PM
    [Uncategorized] UK Prime Minister Johnson Defiant as Lawmakers Vote to Delay Brexit "I will not negotiate a delay with the EU and neither does the law compel me to do so," Johnson tells Parliament Published:10/19/2019 1:26:45 PM
    [US News] On #NationalPeriodDay, Julián Castro remembers those who have to choose between work and tampons

    So there are really women staying home from work because they can't afford the sales tax on tampons?

    The post On #NationalPeriodDay, Julián Castro remembers those who have to choose between work and tampons appeared first on twitchy.com.

    Published:10/19/2019 1:26:45 PM
    [Politics] Susan Rice says Trump told her she was treated unfairly over Benghazi – here’s what she said in 2015 So Suzy Rice tried to have her own Trump comeback at Trump yesterday after he was ripping on her from Twitter. I mean, pretty typical. Nothing too special. But Suzy saw it . . . Published:10/19/2019 1:26:45 PM
    [Entertainment] Lady Gaga Hints at Split From Dan Horton Lady Gaga, Dan HortonLady Gaga may have rid herself of another Bad Romance. The 33-year-old pop star posted on her Instagram Story on Friday night photos of herself and BBF and makeup artist Sarah Nicole...
    Published:10/19/2019 12:53:47 PM
    [topics:things/us-politics] Hillary Clinton claims Tulsi Gabbard is being 'groomed' by Russia Published:10/19/2019 12:53:47 PM
    [TC] HuffPost is reportedly on the auction block Late last night the Financial Times reported that HuffPost, arguably one of the crown jewels of Verizon Media Group’s remaining network of media properties (which includes TechCrunch), is up for sale. Verizon has been shedding media properties in a retreat from the strategy that it had begun to execute with the acquisition of AOL for […] Published:10/19/2019 12:53:47 PM
    [Markets] NBA Spectators Stage Anti-China Protest During Nets-Raptors Game NBA Spectators Stage Anti-China Protest During Nets-Raptors Game

    Dozens of anti-China protesters staged an in-game demonstration at a pre-season NBA game between the Brooklyn Nets and the Toronto Raptors in New York, after film producer Andrew Duncan bought 300 tickets for the activists. 

    Donning "Free Tibet" and "Stand With Hong Kong" T-Shirts, the NBA protesters banded together in anti-China solidarity, according to the BBCTwo people were seen wearing Winnie-the-Pooh costumes - as the cartoon bear has become a symbol to mock Chinese President Xi Jinping, who has banned the bear. 

    The anti-China / pro-democracy movement which has gripped Hong Kong since March spilled over to the NBA after Houston Rockets manager Daryl Morey tweeted support for the Hong Kong protests. Despite quickly deleting the tweet, several Chinese firms suspended sponsorship of the league. 

    Among the group was Hong Kong activist Nathan Law, the former chairman of Demosisto, a pro-democracy party he co-founded with fellow campaigner Joshua Wong.

    "We want to use our performance art to show our support for Hong Kong and the NBA," another spectator, Chen Pokong, 55, told the New York Post. "[China wants] to take away freedom of speech and now spread dictatorship to America."

    Local media report that some of demonstrators were ejected from the game for chanting.

    Similar demonstrations have already been held at other games between American and Chinese teams. Earlier this month, during a match between the Philadelphia 76ers and the Guangzhou Loong-Lions, two people were asked to leave for holding signs in support of Hong Kong protests. -BBC

    Meanwhile, a pro-Democracy NBA fan raised just under $43,000 in less than 48 hours to hand out "Stand with Hong Kong" t-shirts at next Tuesday's Los Angeles Lakers season opener at Staples Center. 

    As we noted last week, Lakers star Lebron James drew the ire of pro-democracy protesters for saying that freedom of speech can lead to "a lot of negative," effectively supporting China's efforts to crack down on the protesters. 

    In response, Hong Kong activists have been burning LeBron James jerseys according to The Guardian

    The internet has not been kind to LeBron either:

    Tyler Durden Sat, 10/19/2019 - 13:30
    Published:10/19/2019 12:53:47 PM
    [US News] Shocker: It is ‘with great sadness’ that John Kasich supports President’s Trump impeachment

    We're wondering how many times John Kasich rehearsed the "with great sadness" line.

    The post Shocker: It is ‘with great sadness’ that John Kasich supports President’s Trump impeachment appeared first on twitchy.com.

    Published:10/19/2019 12:53:47 PM
    [AAPL] Stocks To Watch: Blue Chips Join The Earnings Parade Published:10/19/2019 12:23:30 PM
    [Gadgets] The new iPhone is ugly I’ll be the first to admit that I’m a bit old-fashioned when it comes to phones. Everyone scoffs at my iPhone SE, but the truth is it’s the best phone Apple ever made — a beautiful, well designed object in just about every way. But damn is the iPhone 11 Pro ugly. And so are […] Published:10/19/2019 12:23:30 PM
    [structure:news/uk-news] Shoppers bring own food containers for fish and cheese amid plastic backlash, Waitrose sales figures show Published:10/19/2019 12:23:30 PM
    [Markets] Times Square Billboard Shows Trump Being Hogtied & Tortured Times Square Billboard Shows Trump Being Hogtied & Tortured

    Authored by Paul Joseph Watson via Summit News,

    A billboard being displayed in Times Square, New York shows President Trump hogtied and being tortured as part of yet another ‘woke’ advertising campaign.

    The image, which shows Trump being held down by an angry female Marine Corps veteran, is a commercial for athletic clothing company DHVANI.

    On the company’s Instagram page, DHVANI claims the image is a backlash to Trump having 26 credible accusations of sexual assault or rape against him (none of which are actually credible), as well as him having “no respect for the rule of law.”

     
     
     
     
     
     
     
     
     
     
     
     
     

    ???? There is nothing more American than Freedom of Choice & Freedom of Speech. . ?? A woman’s right to bodily autonomy is the law of the land. . ?? The image is called “Lady Liberty” and our DHVANI model is also a United States Marine Corps Veteran. . ?? Trump’s Gag Rule was rejected by federal court, but he’s enforcing it anyway. . ?? On this issue, we stand against the President and for women’s rights. . #StandForSomething As you know, we’re extremely passionate about creating high-quality, fashionable and innovative products in the most sustainable and ethical ways possible. But the state of the world weighs heavily on us. There is a palpable tension in the air, an untenable clash of ideals, and we can no longer just sit back and watch. That’s why we’ve decided to #StandForSomething and become the world’s first and only Activ(ist)Wear™ company. DHVANI is a brand for people who are committed to making the world a better place. As of today, with each purchase, we will donate to a featured nonprofit partner. The Trump administration has imposed a Title X gag rule that leaves people of color, people with low incomes, and those living in remote or rural areas with nowhere to go for reproductive healthcare. This is a targeted blow to the over 4 million patients who obtain birth control, cancer screenings and other essential care through Title X. We simply cannot stand for this. You’ll notice some significant changes at DHVANI.com. We realize that some of our customers won’t agree with our activism and that’s okay with us. We’re not afraid to make bold statements & exercise our first amendment rights. Stand with us! A portion of every DHVANI sale will be donated to non-profit organizations that provide access to reproductive healthcare. #StandForSomething

    A post shared by DHVANI (@dhvaniwear) on

    “SICK: The president receives daily death threats,” tweeted Charlie Kirk.

    “Secret Service had to arrest an armed man outside his rally. And this is what is plastered in Times Square—a literal depiction of violence against him.”

    Another image on the company’s Instagram page shows Trump on the toilet with his pants down having his phone swiped from him by a brown woman in skimpy camo gear.

     
     
     
     
     
     
     
     
     
     
     
     
     

    Enough is Enough . . #StandForSomething

    A post shared by DHVANI (@dhvaniwear) on

    The company has said it will donate a portion of profits from sales of its clothing to help fund abortions.

    The left’s secret desire to inflict violence against Trump often spills out publicly.

    As we reported earlier, actor Tom Arnold tweeted what amounted to a veiled assassination threat before Trump’s appearance in Dallas, Texas.

     
     
     
     
     
     
     
     
     
     
     
     
     

    This is not OK. Attacking Gold Star families is not OK. Mocking a disabled American on national TV is not OK. Referring to America’s allies as “shithole countries” is not OK. Calling white supremacists “very fine people” is not OK. Handing your billionaire friends massive handouts in the form of tax cuts paid for by ordinary Americans is not OK. Calling US Congresswomen of color "savages" and telling them to "go back and help fix the totally broken and crime infested places from which they came" is not OK. Consistently trying to sabotage the Affordable Care Act, threatening coverage for millions of American women is not OK. A “Gag Rule” silencing doctors & nurses from providing reproductive healthcare information to their fellow Americans is not OK. None of this is OK. For nearly three long and tiring years, our American patriotism has been exploited. We were told by our current President that he would “make America great again.” Instead, we have a nation more divided than ever before and further away from the ideals that make America truly ‘great.’ Enough is enough. We’re taking a stand. We’re standing up for a woman’s right to choose, which is the law of the land. We’re standing up for women and LGBTQ+ rights. We’re standing up for the un- & under-insured’s ability to access affordable reproductive care. We’re standing up for every American’s right to a healthy life, liberty, and the pursuit of happiness. Starting today, DHVANI will donate a percentage of our sales to non-profit organizations that support access to reproductive healthcare and fight Trump’s Title X gag rule in Congress. DHVANI is prepared for the fight of our lives. Will you #StandForSomething with us? . **DHVANI produced the images of this campaign to artistically express the frustrations we believe many women share. All images are metaphorical in nature only. DHVANI does NOT and will NEVER condone violence of ANY KIND.**

    A post shared by DHVANI (@dhvaniwear) on

    *  *  *

    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 Sat, 10/19/2019 - 13:00
    Published:10/19/2019 12:23:30 PM
    [World] American education and intellectually bankrupt schools

    In a recent Washington Times column, titled “Is San Francisco the future of America?,” Lee Edwards, distinguished fellow at the B. Kenneth Simon Center for Principles and Politics at The Heritage Foundation, asked, “What has happened? Why is America slouching like some rough beast — not toward Bethlehem, but Gomorrah?”

    ...
    Published:10/19/2019 12:23:30 PM
    [The Blog] Another Dem congressional candidate who wants to disarm the police

    The party of mob rule

    The post Another Dem congressional candidate who wants to disarm the police appeared first on Hot Air.

    Published:10/19/2019 12:23:30 PM
    [General] Watch: High school coach disarms student with shotgun, then embraces him

    Initial reports said the coach wrestled the student to the ground, but actually he hugged him.

    The post Watch: High school coach disarms student with shotgun, then embraces him appeared first on twitchy.com.

    Published:10/19/2019 12:23:30 PM
    [worldNews] Russia doesn't rule out new contract to supply air defense systems to Turkey: IFX Russia does not rule out reaching a new contract to supply its air defense missile systems to Turkey, Interfax news agency cited Russian Deputy Prime Minister Yury Borisov as saying on Saturday.
    Published:10/19/2019 12:23:30 PM
    [52a479f2-f685-5f76-b624-823d02723978] Cher offers pay legal bills for fired security guard who used racial slur Cher has offered to pay the legal bills for Marlon Anderson. Published:10/19/2019 12:23:30 PM
    [Society] San Francisco’s Blacklist of Pro-Life States a ‘PR Tactic,’ Activists Say

    San Francisco’s blacklisting of 22 states with pro-life laws is only a “PR tactic” that indicates growing desparation within the abortion industry, the head of... Read More

    The post San Francisco’s Blacklist of Pro-Life States a ‘PR Tactic,’ Activists Say appeared first on The Daily Signal.

    Published:10/19/2019 12:23:29 PM
    [] Saturday Gardening Thread, October 19 [KT] Hello, Gardeners, Putterers and those who just like to observe their handiwork! It's getting fall-ish where I am. How about where you are? Today, we've got a few landscapes as we move into fall. There are still a few... Published:10/19/2019 12:23:29 PM
    [Politics] Jill Stein Slams Clinton for Attacking Her, Gabbard: ‘You Can’t Just Slander People’

    Former Green Party presidential candidate Jill Stein on Saturday responded to failed presidential candidate Hillary Clinton's accusations against her and Rep. Tulsi Gabbard (D., Hawaii) being Russian assets. 

    The post Jill Stein Slams Clinton for Attacking Her, Gabbard: ‘You Can’t Just Slander People’ appeared first on Washington Free Beacon.

    Published:10/19/2019 11:53:51 AM
    [structure:news/uk-news] Revealed: Woman killed during jihadi prison attack worked for British charity boss Published:10/19/2019 11:53:50 AM
    [Politics] Democrats are melting down over Van Jones calling out Hillary Clinton about Tulsi Gabbard! Ah, this is just great. Hillary Clinton’s witless attack on Tulsi Gabbard inspired yet another round of democrat on democrat rhetorical violence. That’s because Van Jones had the gall to come out . . . Published:10/19/2019 11:53:50 AM
    [Markets] CME Slams "Patently False" Vanity Fair Trump-Frontrunning-Trades Allegations CME Slams "Patently False" Vanity Fair Trump-Frontrunning-Trades Allegations

    Writing in Vanity Fair earlier this week,  former Goldman Sachs employee William Cohan penned an explosively titled article - “The Fantastically Profitable Mystery of the Trump Chaos Trades” - that raises the possibility traders were tipped off to what President Trump was about to tweet ahead of time and bought massive S&P 500 futures positions right before big market swings.

    The president’s talk can move markets - and it’s made some futures traders billions. Did they know what he was going to say before he said it?

    “There is definite hanky-panky going on, to the world’s financial markets’ detriment,” One longtime CME trader says, who has been watching with disgust says he’s never seen anything quite like these trades, not at least since al-Qaida cashed in before initiating the September 11 attacks.

    “This is abysmal.”

    Notably we did not run a comment on the article upon its release because of our initial skepticism of Cohan's version of events, and as Bloomberg reports, experts who examined the story said any implication that people traded on inside information fell short of being proven.

    “Typically these stories focus on the times you’re right. No one writes about people buying a couple hundred million of e-minis and the market doesn’t do anything,” said Max Gokhman, the head of asset allocation for Pacific Life Fund Advisors.

    “Volume spikes happen all the time.”

    ...attributing sinister intent to a handful of trades that quickly became money-makers ignores how common such large trades are in the futures market, said industry pros. Given how often people move tens of thousands of futures contracts at once -- and how often people like President Donald Trump send stocks reeling -- someone looking for suspicious timing is guaranteed to find it.

    Even CNBC got in the act, with the traders raising significant doubts about Cohan's version of events, and reminding the former Clinton-whispering author that massive kneejerk swings in futures have been happening for a decade and, the markets' reaction to a tweet or comment is entirely unpredictable.

     

    Just as we saw a week ago when the US-China trade deal was finally agreed (or not as the case may be)...

    Additionally, as Bloomberg reports, one trading expert, the chief executive officer of a major quantitative shop who asked not to be identified, said an analysis by his firm suggests no giant trades like the ones the article described appear to have happened.

    The story says that in the last 10 minutes of trading on Aug. 23, someone bought 386,000 of the September S&P 500 contracts. That number is close to the total volume for September e-minis from 3:50 p.m. to 4 p.m. New York time, spread over thousands of trades -- unlikely to be the work of a single person.

    And Michael O’Rourke, JonesTrading’s chief market strategist said “I don’t see where the dots are connected."

    “Unless you have the trading records, which you don’t, you can’t tie one and one together to make two the way this story is laid out.”

    And as a final nail in Cohan's conspiracy coffin, CME rules prohibit anyone from owning more than 60,000 e-minis at a time. Besides, such a trade would’ve been gargantuan: worth nearly $60 billion. That’s big enough to send the stock market sharply higher and probably trigger trading halts, according to the CEO. That didn’t happen.

    Despite the widespread rejection (and even mockery among many market participants), Cohan, said “of course I’m standing by my reports,” which reflected the accounts of sources in Chicago trading pits, claiming he was not making allegations - which for anyone with any cognitive ability is clearly a lie.

    “I don’t make any allegations, I don’t know what really happened. I was just being reportorial about what traders in the pit were seeing,” he said.

    “Do I trust my sources? Absolutely. Are they vastly experienced? Absolutely. Does everybody see things differently? Probably. What I’m saying is ‘Hey, there are regulators whose job it is to see these things and investigate them.’”

    However,  shortly after the close on Friday night, the Chicago Mercantile Exchange issued a brief press release to clarify their findings on Cohan's "fantastical" story:

    "CME Group regularly monitors its markets for suspicious activity.

    As it relates to the Vanity Fair article published on October 17, 2019, regarding activities in the E-mini S&P 500 futures contract, the allegations about the trading activity are patently false.

    These transactions were entered into by a significant number of diverse market participants."

    But, if the purpose of Cohan's article was simply more of the same sycophantic anti-Trump suspicion-raising, he has achieved his goal - no matter how ridiculous the street, or regulators, think his 'story' is, as the politicians have already pounced on the farce. Former prosecutors Congressman Ted W. Lieu (D-Los Angeles County) and Congresswoman Kathleen Rice (D-NY) sent letters to the FBI, the Securities and Exchange Commission and the Commodity Futures Trading Commission calling for an investigation.

    In the letters, the Members write:

    We write to urge you to investigate potentially unlawful behavior related to the trading of electronically traded futures contracts on the Chicago Mercantile Exchange in the last several months.

    On October 16, Vanity Fair reported on numerous instances in which individuals or groups of individuals made millions, and in some cases billions, of dollars in profits by trading large numbers of Standard & Poor’s 500 (S&P) e-mini futures contracts immediately prior to major geopolitical events. In each of these instances, the e-mini contracts were traded within days, and often within hours, of the S&P rising or falling sharply. The trades preceded such events as the Saudi Aramco attack as well as announcements related to progress in talks between the United States and China over the trade war and the withdrawal of the extradition bill in Hong Kong. In one case occurring in August, the trader or traders made $1.5 billion when the S&P rose after President Trump lied about phone calls taking place between United States and Chinese officials.

    While the aforementioned trades may be purely coincidental, their timing and scale raise serious suspicions about whether the traders received material nonpublic information that would affect the S&P and how they received such information. We urge you to swiftly investigate whether trading on insider information or any other fraudulent behavior occurred in relation to these trades.

    Thank you for your attention to this matter. We look forward to your response.

    *  *  *

    Presumably, the CME's vehement rejection of Cohan's implications will be enough to dampen this narrative - but then again after two years of investigation and a collusion-less Mueller Report, some people just can't help themselves from repeating the same worn old narratives.

    How long before #FrontrunGate is trending on Twitter?

    Finally, as a gentle reminder to the doubters, The Obama White House told the world in 2014:

    "If I were you, I wouldn't invest in Russian equities right now."

    And of course no one will ever forget President Obama's advice to the investing world in 2009:

    “What you’re now seeing is profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal, if you’ve got a long-term perspective on it.”

    Presumably he had his Series 7 and 63 all tucked away before he provided this sensitive risky information to the world.

    We give the final word to JonesTrading’s O’Rourke:

    “Millions of futures contracts trade a day, billions of dollars trade a day, so to make a connection, I feel like it’s very hard to do... To me the article just speaks more about the national sentiment about the office of the president.

    Cohan's fantasy article is a blueprint for how the resistance works: publish bull$shit sourced anonymously, launch a probe, expand probe in the hopes of finding some real dirt, rinse, repeat.

    Tyler Durden Sat, 10/19/2019 - 12:30
    Published:10/19/2019 11:53:50 AM
    [worldNews] Demonstrators fill Lebanon's streets in third day of fiery protests Thousands of demonstrators poured into Lebanon's streets on Saturday for a third day of anti-government protests, directing growing rage at a political elite they blame for driving the country to the economic brink.
    Published:10/19/2019 11:53:50 AM
    [05007e84-5c8b-5ba6-9f69-68d3972af9b1] Meghan Markle, Prince Harry share throwback photo from their wedding day Meghan Markle and Prince Harry have delighted fans by sharing a heartfelt throwback photo from their spectacular wedding day. Published:10/19/2019 11:53:50 AM
    [Media] The Week calls Tulsi Gabbard’s ‘outrageous tweet storm’ to Hillary Clinton ‘unhinged’

    The Week rushed in to defend Queen Hillary against an "outrageous tweet storm" she absolutely deserved.

    The post The Week calls Tulsi Gabbard’s ‘outrageous tweet storm’ to Hillary Clinton ‘unhinged’ appeared first on twitchy.com.

    Published:10/19/2019 11:53:50 AM
    [Markets] Where Should I Retire?: I’m 66, get $26,300 a year in Social Security and want to live in a small city by the ocean — so where should I retire? A retirement near the beach can be had for less than you might think.
    Published:10/19/2019 11:53:50 AM
    [Entertainment] Watch Miley Cyrus and Cody Simpson Cover Kylie Jenner's "Rise and Shine" Cody Simpson, Miley Cyrus, Kylie JennerYou know what they say: The couple that memes together... Miley Cyrus can't stop and won't stop paying tribute to Kylie Jenner over her viral tune "Rise and Shine," the...
    Published:10/19/2019 11:23:51 AM
    [Uncategorized] Joe Biden’s 2020 Campaign May be at the Beginning of the End "Biden is confronting growing anxiety among would-be allies in the Democratic establishment" Published:10/19/2019 11:23:51 AM
    [Markets] "I Stand Against Everything She Represents" - Gabbard Hammers Tired, Sick, Fragile Hillary "I Stand Against Everything She Represents" - Gabbard Hammers Tired, Sick, Fragile Hillary

    Authored by Tom Luongo via Gold, Goats, 'n Guns blog,

    Tulsi Gabbard has stones. She has the kind of stones born of a life dedicated to the cause of serving others.

    She is the direct opposite of Hillary Clinton, for whom all causes serve herself and her enormous narcissism and pathology.

    So seeing Gabbard go directly after Hillary Clinton after her debate performance the other evening where she explicitly called out both the New York Times and CNN (the hosts of the debate) for the hit jobs on her puts to rest any idea she’s someone else’s stalking horse.

    Two weeks ago I asked if five tweets from President Trump changed U.S. foreign policy for good, Gabbard does him two better with these three tweets of absolute, Oscar Wilde-like beauty.

    There is so much goodness to unpack in these tweets it is almost beyond my ability to do so.

    Clearly, Gabbard may have real problems with Donald Trump as president but she’s learned very quickly from him that the best way to deal with Hillary and her media quislings is to attack them without mercy.

    Gabbard throws down the gauntlet here outing Hillary as the mastermind behind the DNC strategy of allowing the current crop of future losers to fall all over themselves to alienate as many centrist voters as possible.

    This paves the way for Hillary to swoop in on her broom, pointed hat in hand, and declare herself the savior of the Democratic Party’s chances to defeat Donald Trump next November.

    Remember that leading up to the debate Gabbard was going to boycott the event because it was such a corrupted event and stage-managed to showcase the chosen ‘front-runners’ — Joe Biden and Elizabeth Warren.

    It makes sense to me that she decided at the last minute to join the debate after the Times piece just to ensure she got the national platform to openly call out the corruption in the same breath as attacking Trump for his, to this point, disastrous foreign policy mistakes.

    She emerged from that debate as the only candidate with any moral compass capable of pointing in a single direction. Warren made a fool of herself responding with bromides about leaving in the ‘rightt way’ indistinguishable from any other presidential puppet of the last twenty years.

    This is two debates in a row where Gabbard came out blazing at the front-runner, claiming a moral and ethical high ground on foreign policy that, at just over half the age of her rivals, that shows a maturity well beyond her years.

    Her calling Hillary the “Queen of Warmongers” is so self-evidently true that it will reverberate far beyond Twitter into votes.

    And it tells Hillary that Gabbard has zero fear of her and her political machine.

    You can’t cow a person without fear who has nothing to lose.

    [ZH: And Gabbard was not done - she ripped into Hillary's terrible legacy in a Friday night “Tucker Carlson Tonight” interview.]

    During her discussion with Fox News host Tucker Carlson, Gabbard framed Clinton’s opposition as being not only against her candidacy, but against “every veteran in this country, every service member, every American, anyone watching at home fighting for peace and who was calling for an end to these regime change wars.”

    “Ultimately she knows she can’t control me,” Gabbard said, responding to Carlson’s question about why Clinton is taking aim at her. “I stand against everything that she represents and if I’m elected president, if I’m the Democratic nominee and elected president she will not be able to control me. She won’t be able to manipulate me. She won’t be able to continue to work from behind the curtains, to continue these regime change wars that have been so costly.”

    The Democratic presidential candidate said the blood of her “brothers and sisters in uniform” killed in Iraq, a “war she championed,” is “on her hands.”

    “I am calling for an end to these regime change wars. This is why she’s speaking out strongly and smearing my character and trying to undermine my campaign,” she said.

    “Just as she is doing this to me, this is what will happen to anybody who is doing the same.”

    Responding to a question from the Fox News host about the massive media and political opposition from both parties to her foreign policy positions, Gabbard noted that it happened as soon as she announced her candidacy.

    " And now we know exactly why. It’s because I am standing up and speaking out strongly against the Hillary Clinton legacy, the warmongering legacy of waging these regime change wars, continuing to escalate these tensions between the United States, nuclear armed countries like Russia, China, this nuclear arms race bringing more profits to the military-industrial complex. "

    Bullies like Hillary never learn that lesson until they are humiliated beyond recognition.

    Moreover, when you look at this sequence of events it’s clear that the DNC, Hillary and everyone else close to the corridors of power fear Gabbard’s rise. If they weren’t they wouldn’t be putting out smears in the New York Times.

    They wouldn’t be spending millions on social media trolls to discredit her in the public fora.

    The first rule of politics is “You never attack down.”

    Well, Hillary attacked down. The Times attacked down. The DNC, by gaming the debate rules, attacked down. And that spells disaster for anyone who does it.

    Just ask Rudy Guiliani.

    This was the exchange that ended Rudy’s political career. 150 seconds of truth-telling that ignited a movement which culminated in the election of Donald Trump.

    Gabbard is following that same course. The difference between her and Dr. Paul is that she’s less polite. But as to their moral clarity there is little difference. And she shouldn’t be polite. The stakes are higher today than they were in 2008.

    The people Gabbard is up against are even more ruthless since Hillary intends to win, whereas the Republicans in 2008 were fighting for the right to lose to her at the time.

    Gabbard’s rise in popularity among Trump voters and centrists is born of the same exhaustion the American people have with endless wars for globalism. She is Trump’s Kryptonite.

    The party she represents is irrelevant. By wrapping herself in the mantle of the front-runner for the nomination is not delusional, it’s the most strategic thing she’s done to date.

    It’s also becoming more and more realistic as the days go on.

    Because by responding to Hillary’s ham-fisted attempts to position herself as the voice of reason, Gabbard clarifies for everyone just how sick and bile-filled Hillary is by outing her as the delusional one.

    And reminding everyone that Hillary is the architect of the very policies in the Middle East that Trump is now taking heat for trying to unwind.

    Gabbard knows what the plan is. She was there in 2016 when Hillary stole the nomination from Bernie Sanders and quit her position in the DNC because of it.

    Even Trump knows that foreign policy and foreign entanglements will be the big ticket issue for this election cycle.

    Why?

    Because Gabbard has single-handedly made it so.

    Trump is already running against her by pulling back from Syria, looking for peace options in Afghanistan, firing John Bolton while using proxies and, yes, Vladimir Putin to assist him in fixing his myriad mistakes of the first thirty months of his presidency.

    Hillary trying to position herself as the one who can save the Middle East from Trump’s bumbling is laughable and Gabbard just laughed in Hillary’s face.

    Calling everyone who voices any dissent from foreign or domestic policy orthodoxy a Russian agent is a losing proposition. It belies reality and what people see with their own eyes.

    Americans want better relations with Russia now World War III. Trump’s popularity has risen since he backed off on starting a war with Iran.

    The media spent four years marginalizing Dr. Paul. The RNC stole the nomination from him just as surely as the DNC stole the nomination from Bernie. As the people in the U.K. are finding out, their votes don’t matter.

    Democracy doesn’t matter, only the fever dreams of the soulless and the power mad who think they run the world. Look at what Hillary has become, not what you remember her to be.

    She’s a tired, sick, fragile woman whose bitterness and evil is literally eating her up from the inside out. Have you noticed that she hasn’t been photographed standing up for months?

    She’s the epitome of everything wrong with America and, in fact, the world and Tulsi Gabbard just stood up and laughed at her for still thinking she was the Emperor when in reality she’s The Joker.

    *  *  *

    Join my Patreon to assist me in helping you expose the frauds and liars whose perversions of truth threaten the fabric of civil society.  Install the Brave Browser to make it harder for them to track you and marginalize similar voices.

    Tyler Durden Sat, 10/19/2019 - 12:00
    Tags
    Published:10/19/2019 11:23:51 AM
    [Markets] Howard Gold's No-Nonsense Investing: The skyscraper indicator shows we’re near a market top When stocks go to the moon, buildings head for the sky.
    Published:10/19/2019 11:23:51 AM
    [World] First Step Act is working, but the criminal justice system is still broken

    At the close of 2018, President Trump signed the First Step Act, the groundbreaking prison and sentencing reform bill that passed Congress with overwhelming bipartisan support. Since that time, thousands of Americans, many of whom were serving decades in prison for first-time drug offenses, have been released back to their ... Published:10/19/2019 11:23:51 AM

    [US News] Watch: President Trump trolls France’s Emmanuel Macron over unemployment rates

    President Trump gives France some advice on reducing unemployment; Elect a better president.

    The post Watch: President Trump trolls France’s Emmanuel Macron over unemployment rates appeared first on twitchy.com.

    Published:10/19/2019 11:23:50 AM
    [storytype:standard] Europol says women 'equally capable of crime' as men as it reveals most-wanted list  Published:10/19/2019 11:23:50 AM
    [Politics] Democrats are melting down over Van Jones calling out Hillary Clinton about Tulsi Gabbard! Ah, this is just great. Hillary Clinton’s witless attack on Tulsi Gabbard inspired yet another round of democrat on democrat rhetorical violence. That’s because Van Jones had the gall to come out . . . Published:10/19/2019 11:23:50 AM
    [2019 News] 38 people cited for violations in Clinton email probe 38 people cited for violations in Clinton email probe. Of course, nothing much will happen for this massive security breach and Hillary skates again. Published:10/19/2019 11:23:50 AM
    [structure:news/uk-news] Hundreds of thousands of protesters march against Boris Johnson's Brexit deal Published:10/19/2019 10:52:39 AM
    [Markets] China Finally Agrees With Trump: We "Have Made Substantial Progress" In Trade Deal  China's Top Trade Negotiator Sides With Trump: We "Have Made Substantial Progress" In Trade Deal 

    Confirming a late Friday leak from Global Times' editor Hu Xijin...

    ... on Saturday, China's Vice Premier and top trade negotiator, Liu He, spoke to a technology conference audience and for the first time adopted the position represented by the Trump administration for over a week, namely that last Friday's "Phase 1" of the deal represented "substantial progress in many fields" and laid "an important foundation for the signing of a phased agreement."

    "Stopping the escalation of the trade war benefits China, the U.S., and the whole world. It's what producers and consumers alike are hoping for," he added.

    For China, which has been radio silent in its interpretation of last Friday's trade announcement, this represented the first formal admission that trade talks are, in fact, going well.

    China and the U.S. reached some form of understanding in meetings last week that could end a trade war that has roiled the global economy in the previous 15 months. 

    President Trump has frequently touted how China will start buying $50 billion worth of U.S. agriculture products, though, we reported on Saturday morning that traders had seen no such purchases yet. 

    As described previously, the "phase one" deal isn't a trade deal, it's akin more to a "farm package." Furthermore, "phase one" doesn't address more significant issues such as forced technology transfers and industrial subsidies.

    That said, as Bloomberg noted, Liu didn't address specifics about the trade talks in his speech. Instead, the vice premier said China would expand investments in core technologies to ensure the economic restructuring of the economy was stable, adding that economic activity in the year ahead is "very bright." 

    "We're not worried about short-term economic volatility. We have every confidence in our ability to meet macroeconomic targets for the year," he said.

    As reported on Friday, ahead of the latest round of talks, President Trump's top economic advisors and industry experts warned him of an economic downturn if a further escalation in the trade war is seen by 2020. As such, it is likely that a  lite trade deal could be on the table next month.

    But as our readers have recently learned, the trade war didn't start the synchronized global downturn, which has been almost entirely a function of China's clogged up credit impulse...

    ... so any deal - lite or otherwise - won't result in an immediate acceleration of global growth; indeed, as some speculate, failure to observe a substantial economic rebound following a "deal" could well mark the point when central banks and governments finally throw in the towel, as they finally usher in the final lap in the global race to debase destroy fiat currencies and hyperinflate away the debt: MMT and Helicopter Money.

    Tyler Durden Sat, 10/19/2019 - 11:29
    Published:10/19/2019 10:52:39 AM
    [Quick Takes] Furman University Bans ‘Acts of Intolerance’ “When an Act of Intolerance is targeted toward a specific person, it may rise to the level of discriminatory harassment." Published:10/19/2019 10:52:39 AM
    [The Blog] Letwin let-down: Parliament shuts down Brexit approval in key procedural vote

    Stuck.

    The post Letwin let-down: Parliament shuts down Brexit approval in key procedural vote appeared first on Hot Air.

    Published:10/19/2019 10:52:39 AM
    [84fa8c3f-ee23-5fa3-87fc-35a78a29dcd1] Nick Jonas and Priyanka Chopra celebrate Hindu holiday Karva Chauth together Nick Jonas melted hearts with an inspiring message about his wife Priyanka Chopra on social media. Published:10/19/2019 10:52:39 AM
    [Media] Even Van Jones thinks Hillary Clinton is playing a ‘dangerous game’ calling Tulsi Gabbard a Russian asset

    Van Jones thinks that Hillary Clinton should produce her evidence if she can find any.

    The post Even Van Jones thinks Hillary Clinton is playing a ‘dangerous game’ calling Tulsi Gabbard a Russian asset appeared first on twitchy.com.

    Published:10/19/2019 10:52:39 AM
    [Markets] What is an ETF? Exchange-traded funds are a great tool for investors, but there are some basics to understand about their benefits, like lower costs, and a few drawbacks.
    Published:10/19/2019 10:52:38 AM
    [World] BookWatch: Michelangelo found a new career after 70 — why can’t you? 6 lessons everyone can learn from Michelangelo about working later in life
    Published:10/19/2019 10:52:38 AM
    [] Her Majesty? [KT] San Francisco Waterfront, 1851 Time for an Empress? Or Something? Well, yesterday we learned that Hillary Clinton believes that Donald Trump plans to stay in office forever, that she has secret information that Tulsi Gabbard and Jill Stein are... Published:10/19/2019 10:52:38 AM
    [Sport Headlines] Manchester United Manager Ole Gunnar Solskjaer Found Hiding In Closet Under Stairs A crisis at Old Trafford was averted this morning when, after an initial panic and a frantic search, Manchester United club boss, Ole Gunnar Solskjaer, was discovered at his home, hiding in a cupboard under the stairs. Solskjaer, 46, has been weat... Published:10/19/2019 10:26:25 AM
    [Volokh Conspiracy] [Eugene Volokh] Guns and Due Process "Petitioner had absolutely no prior notice that either his mental health or the safe handling subsection would be at issue during the hearing before the trial court." Published:10/19/2019 10:26:24 AM
    [storytype:standard] Deadly protests in Guinea as Russia calls for change of rules to keep despot in power Published:10/19/2019 10:26:24 AM
    [a73c2a8f-13f9-57cd-bc65-f8ed79f11f4b] Jeremy Dys: Religious freedom courageously defended by AG William Barr against militant secularists The left's attack on Attorney General William Barr for his speech defending religious liberties at Notre Dame proves he's right. Published:10/19/2019 10:26:24 AM
    [Markets] The Fed Is Lying To Us The Fed Is Lying To Us

    Authored by Chris Martenson via PeakProsperity.com,

    "When it becomes serious, you have to lie"

    The recent statements from the Federal Reserve and the other major world central banks (the ECB, BoJ, BoE and PBoC) are alarming because their actions are completely out of alignment with what they’re telling us.

    Their words seek to soothe us that “everything’s fine” and the global economy is doing quite well. But their behavior reflects a desperate anxiety.

    Put more frankly; we’re being lied to.

    Case in point: On October 4, Federal Reserve Chairman Jerome Powell publicly claimed the US economy is “in a good place”. Yet somehow, despite the US banking system already having approximately $1.5 trillion in reserves, the Fed is suddenly pumping in an additional $60 billion per month to keep things propped up.

    Do drastic, urgent measures like this reflect an economy that’s “in a good place”?

    The Fed’s Rescue Was Never Real

    Remember, after a full decade of providing “emergency stimulus measures” the US Federal Reserve stopped its quantitative easing program (aka, printing money) a few years back.

    Mission Accomplished, it declared. We’ve saved the system.

    But that cessation was meaningless. Because the European Central Bank (ECB) stepped right in to take over the Fed’s stimulus baton and started aggressively growing its own balance sheet — keeping the global pool of new money growing.

    Let’s look at the data. First, we see here how the Fed indeed stopped growing its balance sheet in 2014:

    And we can note other important insights in this chart.

    For starters, you can clearly see how in 2008, the Fed printed up more money in just a few weeks than it had in the nearly 100 years of operations prior.

    The flat parts of the curve in this chart are were the Fed paused its printing efforts. And at each of these plateaus, without the tailwind of fresh new hundreds of $billions created from thin air, the equity markets stopped rising and even (gasp!) threatened to decline.

    So what did the Fed do in response? It resumed the money printing.

    The above chart is really a monument to failure.  The initial $trillions of printed money didn’t solve things, and so more printed $trillions followed.

    Every trick in the book has been used.  QE. Operation Twist. Jawboning by Bernanke, Yellen and now Powell. More jawboning and tweets from the President and his administration. And now, fresh interest rate cuts and a resumption of QE (but don’t call it that!) by the Fed.

    Collectively, these efforts have horsewhipped stocks and bonds higher and higher over the past decade — which was the intent. But it seems the higher they go (and thus further distorted from their underlying valuation fundamentals), the Fed becomes ever more frightened of a correction.

    So now let’s look at what happened after the Fed passed along the money printing baton to the ECB.

    We can clearly see in the chart below that when the Fed stopped its printing in 2014, the ECB stepped right in and carried things on until this year:

    During the years of ECB printing (and printing by other world central banks) stocks and bonds continued powering higher. That is, until the ECB slowed its efforts in late 2018, as the Federal Reserve was raising its federal funds rate.

    You see, 2019 was supposed to be the year when the major central banks were supposed to start unwinding their massive balance sheets in earnest. And, in doing so, start to undo the massive market distortions caused by their prior actions.

    And what happened in late 2018? The markets started rolling over fast and hard.

    Panicked, the central banks have rushed back to “rescue” the system. And in the process, are showing that they’ll likely never “unwind” the $trillions they’ve been printing from thin air.

    Looking again at the Fed’s balance sheet:

    We see that, starting in 2017, the Fed began the slow process of trying to remove some of the liquidity it has injected into the system over the past decade.

    It didn’t get very far.

    Worried about recessionary signs and wobbly stocks (still within a few percentages of their all-time highs, mind you), the Fed’s most recent actions have undone 5 months of ‘tightening’ in just five blistering weeks of panic.

    It’s enormously concerning that the stock market is now the sole focus of central banking.  The stock market is a terrifically poor instrument by which to try and guide anything (except the growth in apparent wealth of the ultra-rich – it’s very good at that).

    Remember, the Fed stopped printing in and began raising rates in order to build up some wiggle room to deal with the next recession when it inevitably arrives.

    But that never came to pass.

    The last rate hike was in January and the Fed is now back to lowering rates. With the federal funds rate at a measly 2.0% today and likely headed lower from here, the Fed has practically no wiggle room to speak of at this point:

    “When it becomes serious, you have to lie”

    The above is a quote from Claude Junker, of the EU technocracy, explaining (in 2014) why he believed lying is necessary during financial emergencies.

    Fast forward to last week. When Jerome Powell tried to explain why the Fed is suddenly back in the business of printing $60 billion per month (out of thin air) to buy more US Treasury bills, he came off sounding like he’d ripped a page out of Junker’s playbook.

    Is he now lying because “It’s serious”?

    “I want to emphasize that growth of our balance sheet for reserve management purposes should in no way be confused with the large-scale asset purchase programs that we deployed after the financial crisis,” he said. “Neither the recent technical issues nor the purchases of Treasury bills we are contemplating to resolve them should materially affect the stance of monetary policy.”

    “In no sense, is this QE,” Powell said in a moderated discussion after delivering his speech.

    (Source – Bloomberg)

    Not QE?

    Well, what about the fact that the Fed is conjuring $60 billion of new money into existence each month and shoving that into the banking system?

    And what about the fact that these new Quantities of money are Easing financial conditions and expanding the Fed’s balance sheet again?

    You mean other than those similarities, it’s definitely not QE, Jerome?

    Even Wall Street agrees with me:

    “I think what the Fed Chairman decides to call it is inconsequential,” Yousef Abbasi, global market strategist for U.S. institutional equities at INTL FCStone told MarketWatch. “From what’s been discussed, it’s exactly what was once called QE. They would be buying securities and increasing liquidity and that is easing. However you want to refer to it, ultimately it’s supportive of equities,” he said.

    Mike O’Rourke, chief market strategist at Jones Trading said in an interview that balance-sheet expansion may be different because it will involve the purchasing of short-term government debt rather than long-term debt, but that the effect is to enable private banks to maintain larger balance sheets and take on more risk. “This is very QE-like,” he said.

    (Source – MarketWatch)

    Yes, this is “very QE-like.”  Indistinguishably QE-like.

    Further, it has to be noted that the decision to suddenly restart the QE program was made mid-cycle, that is between FOMC meetings.  This is a good indicator that things are “serious”, as the Fed typically doesn’t like to appear as if it’s been caught off-guard.

    So, from my perch: something BIG and concerning is afoot in the economy, the Fed is secretly panicking, and they’re lying to us about it.

    Things Are Now “Serious”

    Here in late 2019, both the Federal Reserve and the ECB are now both easing again – or back to ‘fraudulent money printing’ as I prefer to label it.

    Perhaps a definition is in order. A fraud is meant to deceive while removing something of value from one or more parties.

    When printing money, the central banks say they are doing it to protect the economy, jobs and the financial system.

    But what’s actually happening is that wealth is flowing like a raging river towards a select few individuals and corporations.

    It’s critical to understand that the central banks cannot print up prosperity. All they can do, being redistributive organizations, is take purchasing power away from one side and hand it to another.

    So the key question to be asking now is:  Who’s winning and who’s losing?

    Well, here in the US, we already know that it’s the tippy-top 0.1% that is doing almost all of the ‘winning.’  The next 0.9% are doing pretty well, too.  But by the time we get just slightly below the top 10%, we run out of “winners”.

    Ergo, the bottom ~90% of us are the losers:

    This enrages me enormously.  It’s such an obvious scam to reveal, but somehow the US press is entirely NOT up to the task.

    For some insane reason, it has become normalized for the ultra-wealthy to grab everything for themselves, leaving little left over for today’s lower classes or for future generations.

    When did such magnificent greed become normal?  How is any of this okay with anybody?

    Increasingly, we’re seeing that more and more people are NOT OK with that. The Yellow Vest protests in France, the uprisings in Ecuador and Hong Kong, the climate protests, the Extinction Rebellion movement — all of these are forms of rejection of destructive blind greed.

    They are also predictive signs that our social and political systems are becoming badly stressed.  When people finally start losing hope, they turn on their “leadership” and revolt.

    In other words, It’s now becoming serious.

    By now the central banks should have realized that their efforts to perpetually boost asset prices are unraveling the main social contracts upon which our very social stability and relative political peace rest.

    But if they have, they aren’t demonstrating any signs of it. Instead, they’re still pretending everything is “in a good place”

    The core predicament facing the Fed and its central banking brethren is that reality can be delayed but not dismissed.

    The pressures of instability continue to mount exponentially the more the central planners try to contain and (literally) paper over them.

    It’s no longer an issue of keeping stock prices attractively high. It’s about accelerating social inequality, the rejection of capitalism and globalization, rising geopolitical divisions, resource scarcity, and the loss of liberty, health and happiness. The central planners’ extractive policies are now manifesting in all of these ills.

    How much longer can they keep the system from exploding outside their control?

    In Part 2: Why The Fed Will Fail, we look closely at the key economic indicators that are convincing us that there’s not much time left before things violently correct.

    At tipping points like now, it’s critical to remember that cycle ends are processes (i.e. slow), but reversals are events. They happen fast.

    And once they start, only those who have already prepared in advance are ready for what comes next.

    Click here to read Part 2 of this report (free executive summary, enrollment required for full access).

    Tyler Durden Sat, 10/19/2019 - 11:02
    Published:10/19/2019 10:26:24 AM
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    [Markets] Chaos: In Latest Humiliation For PM Johnson, UK Parliament Votes To Delay Decision On Brexit Deal Chaos: In Latest Humiliation For PM Johnson, UK Parliament Votes To Delay Decision On Brexit Deal

    In a historic Saturday session for UK parliament, the first since the Falklands war, today British lawmakers were supposed to vote on Boris Johnson's Brexit deal which last week received approval from the EU, and which sent the pound soaring amid speculation that a Brexit deal was actually close to passing. Instead, in the latest embarrassment to Johnson, moments ago UK lawmakers instead voted to put off a decision on the Prime Minister’s deal, forcing him to ask the EU for another Brexit delay.

    The measure, also known, as the Letwin amendment, was proposed by Oliver Letwin, an MP who was booted out of the Conservative parliamentary party last month by Boris Johnson when he supported anti no-deal legislation known as the Benn Act. The amendment - which received the support of the Northern Irish DUP party in the last minute - called for the House to "withhold support" from Johnson's plan until all of the legislation required to implement the bill is passed by Parliament as well.

    And so with DUP support, the measure passed 322 to 306 effectively freezing the Brexit process once again, as Johnson is now legally obliged to request a Brexit extension from the EU if he can't pass his plan by 11 p.m. local time tonight (6 p.m. ET), which he can't.

    Having just come back from Europe - ostensibly with a deal in tow and with Belgium saying no more delays are feasible - Boris Johnson will now have to once again ask the EU to delay the Brexit process.

    Perhaps not surprisingly, a defiant Johnson has struck back and is now refusing to comply with the latest parliamentary vote, and the Prime Minister's office is now saying that "Parliament has voted to delay brexit yet again. The PM will not ask for an extension - he will tell EU leaders there should be no delays, they should reject Parliament's letter asking for a delay, and we should get Brexit done on October 31 with our new deal."

    As ITV's Robert Peston notes, "Boris Johnson ? will characterise the request for a three-month Brexit delay as coming from parliament, not from him as government head. And he will reiterate to EU leaders that he does not want a delay" with questions emerging if this is legal.

    As the BBC's Laura Kuenssberg adds, now that today's deal vote has been iced, BoJo confirms next week the government will put the bill of the whole deal in front of MPs - and confirms that he will make clear that he will still try to avoid delay, even tho he is legally obliged to ask for one, something the BBC reporter calls a "legal tightrope."

    In other words, Johnson may simply "ignore" the law that is now forcing him to delay Brexit: "Alas, the opportunity to have a meaningful vote has effectively been passed up," Johnson said in Parliament, after losing the vote. "The meaningful vote has been voided of meaning."

    "I'm not dismayed by this particular result," Johnson said, adding that "The best thing for the UK and for the whole of Europe is for us to leave with this new deal on October 31."

    He then warned he may not follow the Benn Act, which mandates him to now request a Brexit delay tonight.

    "I will not negotiate a delay with the EU, and neither does the law compel me to do so," he says. "Further delay will be bad for this country."

    And so, once again the legal wrangling begins:

    There is going to be a lot of arguing over what the difference is between asking for a delay and actually negotiating one - Benn Act is not explicit about negotiation but there is important principle at stake of not frustrating the law

    Immediately after the vote, Labour leader Jeremy Corbyn warned Johnson that he will find himself in court, if he "breaks the law."

    "Today is a historic day for Parliament," Corbyn said , adding that MPs "will not be blackmailed by the Prime Minister."

    "I invite him to think very carefully about the remarks he just made," Corbyn warned.

    The SNP's Ian Blackford followed Corbyn, also saying that if Johnson "thinks he's above the law ... prime minister, you'll find yourself in court."

    And Jo Swinson, the Liberal Democrat leader, asks the Speaker of the House to suspend the sitting so Johnson can send the letter to the EU requesting an extension -- a request which is denied.

    Meanwhile, the fate of Brexit has been tossed back into the arms of the EU, who now have to decide if to accept the UK parliament's demand for a delay...

    ... even as a UK court will likely have to opine on whether BoJo can once again ignore the decision of parliament...

    ... even as the Conservative party appears to have just walked out...

    ... as the usual Brexit chaos has returned.

     

    Tyler Durden Sat, 10/19/2019 - 10:30
    Published:10/19/2019 9:55:29 AM
    [Entertainment] Jennifer Lawrence Shares Her Amazon Wedding Registry EComm: Jennifer Lawrence, Amazon RegistryWe love these products, and we hope you do too. E! has affiliate relationships, so we may get a small share of the revenue from your purchases. Items are sold by the retailer, not...
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    [Markets] Market Extra: Why the stock market won’t stay down when everyone is ‘nervous’ and ‘defensive’ October is proving to be as gentle as a kitten to stock-market investors so far, belying its history as the most volatile month of the year.
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    [Markets] Trudeau Approval Hits All Time Low As Canadians Prepare To Vote Trudeau Approval Hits All Time Low As Canadians Prepare To Vote

    By Steve Crabtree

    Canadians will vote to elect members of the federal House of Commons next Monday, amid a climate of ambivalence about their current leadership. Support for Prime Minister Justin Trudeau has fallen sharply since 2016, his first full year in office, when nearly three in four (72%) said they approved of the way he is handling his job as prime minister. In 2019, for the first time, Canadians are more likely to say they disapprove (52%) than to say they approve (46%) of Trudeau's job performance.

    Trudeau's recent tenure has been marred by scandal, including a recent ruling that his administration violated ethics rules in pressuring the country's attorney general to intervene in a criminal case involving a Quebec-based construction company. Trudeau himself also faced intense criticism after videos and photos surfaced of him wearing blackface and brownface at parties in the early 1990s and 2000s.

    However, Canadians' growing misgivings apply more broadly than just to views of the prime minister himself, and are reflected in declining satisfaction with high-profile election issues such as environmental stewardship and economic wellbeing. Asked more generally about their approval of the country's leadership, just 49% say they approve in 2019, down from 64% in 2016.

    Canadians' Satisfaction With Efforts to Preserve Environment Hits New Low

    This year's election campaigns have placed considerable focus on questions about how to balance environmental concerns with economic growth. Trudeau's Liberal government took power in October 2015, touting a plan to dramatically reduce greenhouse-gas emissions with a federal carbon tax imposed on provinces that did not already have one or did not meet federal emissions standards.

    Canadians' satisfaction with efforts to preserve the environment improved in the two years after Trudeau's election; in 2017, about two-thirds (65%) were satisfied. However, the prime minister's carbon tax program has been bogged down by political infighting and concerns that heavily coal-dependent provinces like Alberta and Saskatchewan will suffer too much economically. Though a federal carbon-pricing program finally took effect in early 2019, Canadians are no longer as optimistic about the country's environmental policy; 50% now say they are satisfied with efforts to preserve the environment, while a similar 49% are dissatisfied.

    Candidates in this year's elections have also been challenged to balance their rhetoric about environmental policy with attention to "pocketbook" issues of concern to many Canadians. The proportion of adults who say their standard of living is improving has fallen 10 percentage points to 52% in the past two years -- a finding that reflects a recent Ipsos survey showing that, despite the country's strong macroeconomic numbers, many Canadians currently express uncertainty about their personal economic situation.

    Implications

    Canadians' waning satisfaction with regard to both environmental efforts and their personal economic situation -- two key election issues -- help explain why Trudeau's Liberal Party has been losing ground to the Conservative Party as the vote approaches. Whichever party emerges as the winner will face the considerable challenge of helping more Canadians feel the benefits of the country's economic tail wind, while shoring up confidence in the government's ability to implement sound environmental policy.

    Tyler Durden Sat, 10/19/2019 - 09:55
    Published:10/19/2019 9:24:36 AM
    [Markets] British MPs pass Brexit deal delay British MPs pass Brexit deal delay Published:10/19/2019 9:24:36 AM
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    [Uncategorized] Tulsi Gabbard Calls Hillary “Embodiment of Corruption, and Personification of Rot” After “Russian Asset” Accusation Hillary breathed life into Gabbard's campaign Published:10/19/2019 9:24:36 AM
    [The Blog] Hillary kowtows to Hollywood filmmaker, backs out of conference

    Cancel culture

    The post Hillary kowtows to Hollywood filmmaker, backs out of conference appeared first on Hot Air.

    Published:10/19/2019 9:24:36 AM
    [worldNews] Johnson defiant after British parliament votes to force Brexit delay A defiant Boris Johnson said he would not negotiate a further delay to Britain's departure from the European Union after parliament voted on Saturday to postpone a vote on his Brexit deal.
    Published:10/19/2019 9:24:36 AM
    [Markets] British Parliament votes to delay Brexit British lawmakers have voted to postpone a decision on whether to back a Brexit deal with the European Union, throwing a wrench into government plans to leave the bloc at the end of this month.
    Published:10/19/2019 9:24:36 AM
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    Published:10/19/2019 8:54:34 AM
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    [Markets] Would Maggie Thatcher Have Been Remain Or For Brexit? Would Maggie Thatcher Have Been Remain Or For Brexit?

    Authored by Martin Armstrong via ArmstrongEconomics.com,

    Maggie would have solved BREXIT in a week...

    She would have done precisely that. Of course, they staged a coup against her to take the UK into the euro.

    She was not against the EU as long as it remained a trade union. We had discussions on that subject. Maggie said at the Bruges Speech:

    “We have not successfully rolled back the frontiers of the state in Britain, only to see them reimposed at a European level with a European superstate exercising a new dominance from Brussels.”

    While some people are claiming she would NEVER have had a referendum, that is total nonsense. Her Poll Tax was to make people have a stake in government and then they would vote and pay attention. That was her true motive behind that step which nobody understood and it backfired on her.

    She was against the euro and the federalization of Europe; she would MOST DEFINITELY move to exit the EU under these terms. She would NEVER have agreed to surrender the sovereignty of Britain.

    The idea of the euro was born at the Plaza Accord in 1985. The purpose was to create a single currency to compete against the dollar. It was James Baker’s idea that if there was a single European currency, then the dollar would not be the main currency and it would not rise excessively. Nigel Lawson was a big supporter of joining the euro at that time. The entire Plaza Accord and then the Louvre Accord were all about managing the dollar value in FOREX markets.

    Using her Bruges Speech and trying to twist things around that she would have been against a referendum and would be in the remain camp is TOTAL nonsense.

    We had deep discussions about the problems with the euro. The commission designing the euro came to our WEC in London.

    I met with them about the structural design of the euro. I think I knew where this went all wrong and I knew where Maggie stood. She also respected that I was one of the leading currency specialists on the subject with real experience and not just theories.

    Tyler Durden Sat, 10/19/2019 - 09:20
    Published:10/19/2019 8:27:23 AM
    [Markets] Earnings Outlook: Caterpillar earnings: Expect weakness on China tensions and global economic slowdown Caterpillar Inc. is scheduled to report third-quarter earnings on Wednesday, and expectations are subdued as trade tensions with China persist and global economies show signs of slowing.
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    [The Blog] HUD broke the law in delaying Puerto Rico aid

    And the excuses don't sound great

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    Published:10/19/2019 7:51:46 AM
    [worldNews] Street clashes spur Catalan leader to call for Madrid talks Catalonia's pro-independence regional chief Quim Torra called for talks with Spain's central government on Saturday to try to defuse unrest triggered by the jailing of separatist leaders.
    Published:10/19/2019 7:51:46 AM
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    [In the Courts] This Agency Is Elizabeth Warren’s Brainchild. The Supreme Court Will Decide If It’s Constitutional

    By Kevin Daley -

    US Supreme Court

    The Supreme Court announced Friday that it will hear a constitutional challenge to the structure of the Consumer Financial Protection Bureau (CFPB), a watchdog agency whose existence is largely credited to Massachusetts Democratic. Sen. Elizabeth Warren. The bureau is arranged to insulate its employees from political pressure and ensure its ...

    This Agency Is Elizabeth Warren’s Brainchild. The Supreme Court Will Decide If It’s Constitutional 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:10/19/2019 7:51:46 AM
    [Markets] Renault, Volvo Slash Guidance, Unleashing Shockwaves Across Auto Industry Renault, Volvo Slash Guidance, Unleashing Shockwaves Across Auto Industry

    It has become a fool's errand to deny that the global automobile industry is in recession (even if there is still some debate as to the causes). We have documented, at length, falling sales around the globe - led by the world's largest market in China - over the last two years, and recessionary trends in places like North America and Europe show no signs of letting up.

    And today, Renault and Volvo were the two most recent examples of just how dire the situation has become... and will be.

    Renault shares plunged as much as 12% in Paris overnight after the company slashed its full year revenue and profit forecast, while pre-announcing Q3 revenue: "Due to an economic environment less favorable than expected and in a regulatory context requiring ever-increasing costs, Groupe Renault revises its guidance for FY2019," the company's release said. 

    The auto manufacturer guided for revenues to fall between -3% and -4%, versus previous guidance of near flat. It also guided for a contraction in its operating margin to about 5% from its previous guidance of 6%.

    Automotive operating free cash flow "should be positive in H2 while not guaranteed for the full year", the company said, rescinding its previous guidance of positive full year automotive operating free cash flow. The company plans on reporting full earnings on October 25. 

    Swiss truckmaker Volvo also reported a sharp decline in its Q3 orders and forecasted an upcoming slump in demand for next year, despite beating analyst estimates for the quarter, according to Reuters

    Volvo said that orders for its trucks, which include brands like Mack and Renault, fell 45% from last year. Analysts had forecast a drop of slightly more than 30%. 

    The company's CEO, Martin Lundstedt, said that Volvo is well prepared for an "expected correction" in its main markets. Volvo had been reducing production volumes over the past quarter and said it's going to continue making "further adjustments" in coming quarters in light of declining orders. 

    BI Intelligence analyst Johnson Imode stated: 

    “Volvo looks set for a sharp deterioration in 2020 profitability, in our view, following its weakest truck order intake since the 2009 recession in 3Q, predicting European and U.S. markets will fall by 15-30% next year. Production levels are being adjusted, but inherent operating leverage -- with profit doubling in the 2016-19 cycle -- demonstrates the challenge faced.”

    Brokerage house Pareto piled on in a note out Friday: “Truck order intake was on the weak side, 17% below our estimate and 20% below consensus.”

    Volvo's outlook was anything but optimistic: it said it expects the market for heavy trucks to shrink by about 14% in Europe and 29% in North America next year due to "economic uncertainty". Analysts had expected estimates of a decline of 11% for Europe and 25% for North America. 

    Heavy truck demand continues to falter as a result of the global economy weakening. As Bloomberg notes, last week, the IMF "made a fifth-straight reduction to its 2019 global economic forecast, citing trade tensions for its weakest growth projection since 2009."

    But other analysts aren't as pessimistic. Danske Bank credit analysts including Natasja Cordes said: “Volvo has already begun to reduce production volumes and, in our view, is much better equipped heading into this downturn than it was in the past.”

    “For 2020, we expect markets to come down to more normal replacement levels in both Europe and North America, which we have prepared ourselves for,” Volvo CEO Lundstedt said.

    Tyler Durden Sat, 10/19/2019 - 08:45
    Published:10/19/2019 7:51:46 AM
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    [Markets] Why stock investors shouldn’t ignore this warning signal from the oil market Oil prices might be acting like a warning light when it comes to the stock market, which is trading near all-time highs despite growing concern over the U.S.-China tariff battle and rising global trade tensions. Published:10/19/2019 7:21:46 AM
    [Politics] What They Told Us: Reviewing Last Week’s Key Polls

    In surveys last week, this is what America told Rasmussen Reports...

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