Apr 242019
 


Giovanni Bellini Pietà 1474

 

Bipolar Markets in the “New Mediocre” (Roubini)
Fed Key Interest Rate Keeps Climbing, That Could Become A Problem (CNBC)
Cut the Price and They Will Come: US New Home Prices At Dec. 2014 Level (WS)
Chinese Banks Are Running Out Of Dollars (ZH)
Hillary Outlines “Roadmap” To Trump Impeachment (ZH)
The Conspiracy Against Trump (Giraldi)
Theresa May Accuses Labour Of Dragging Its Heels In Brexit Talks (Ind.)
Labour Says Theresa May Unwilling To Offer Key Brexit Concessions (G.)
UK MPs Campaign To Have Donald Trump’s State Visit Cancelled (G.)
The Revelations of WikiLeaks: No. 1 (CN)

 

 

Who will be the first in the world of finance to understand what’s going on AND be honest about it? It won’t be Roubini. Nothing has anything to do with recession or trade risks anymore. It’s the Fed and the Fed only. And there are no investors as long as the Fed monopolizes what were once markets. These so-called investors are in reality a bunch of rich socialists waiting for a central bank to hand them money. They’ll also be the first to warn about the dangers of socialism.

Bipolar Markets in the “New Mediocre” (Roubini)

Financial markets tend to undergo manic-depressive cycles, and this has been especially true in recent years. During risk-ons, investors – driven by “animal spirits” – produce bull markets, frothiness, and sometimes outright bubbles; eventually, however, they overreact to some negative shock by becoming too pessimistic, shedding risk, and forcing a correction or bear market. Whereas prices of US and global equities rose sharply throughout 2017, markets began to wobble in 2018, and became fully depressed in the last quarter of the year. This risk-off reflected concerns about a global recession, Sino-American trade tensions, and the Federal Reserve’s signals that it would continue to raise interest rates and pursue quantitative tightening.

But since this past January, markets have rallied, so much so that some senior asset managers now foresee a market “melt-up” (the opposite of a meltdown), with equities continuing to rise sharply above their current elevated levels. One could argue that this latest risk-on cycle will continue for the rest of the year. For starters, growth is stabilizing in China, owing to another round of macroeconomic stimulus there, easing fears of a hard landing. And the United States and China may soon reach a deal to prevent the ongoing trade war from escalating further.

At the same time, US and global growth are expected to strengthen somewhat in the second half of the year, and the disruption of a “hard Brexit” has been averted, with the European Union extending the deadline for the United Kingdom’s departure to October 31, 2019. As for the eurozone’s prospects, much will depend on Germany, where growth could rebound as global headwinds fade. Moreover, central banks, particularly the Fed, have become super-dovish again, and this appears to have reversed the tightening of financial conditions that produced the risk-off in late 2018.

Read more …

They are well on their way towards blowing up the entire US economy. Just like their counterparts in Japan, Europe, China. Will Russia be the last one standing?

Fed Key Interest Rate Keeps Climbing, That Could Become A Problem (CNBC)

The Federal Reserve’s benchmark interest rate has inched up to its highest level in 11 years even though the central bank has sent a clear message that it is done tightening policy indefinitely. In recent days, the effective fed funds rate, which targets the overnight level that banks charge each other for loans, has moved up to 2.44%. That’s the highest since March 2008 and is just 6 basis points from the top of the target range and the closest to the top since December, when the Fed last raised rates. For now, the move is looked on as not being especially problematic given that there is still room between the current level and the top of the 2.25% to 2.5% range in which the rate is supposed to trade.


But moves toward the upper end of the band have prompted action before, and the trend likely will be a topic of discussion at next week’s Federal Open Market Committee meeting. When the Fed first began raising rates in December 2015, it succeeded in keeping the funds rate around the midpoint of the target range. But that has changed over the past year. “At 6 basis points from the top of the range, you’re still within the target. The question becomes whether they think technical pressure is driving this,” said Lou Crandall, chief economist at Wrightson ICAP and formerly of the New York Fed. “The only concern is whether you’ll have to make a technical adjustment in the future from preventing it from going higher.”

Read more …

Fed to the rescue! Actually, as long as banks write new loans, the Fed can and will hold back.

Cut the Price and They Will Come: US New Home Prices At Dec. 2014 Level (WS)

Home builders, the ultimate pros in the housing market, have figured out something after the malaise in the second half last year: Cut prices and buyers will come. The median selling price of new houses dropped 9.7% in March from March last year to $302,700, the Commerce Department reported this morning. This took the price back to about where it had first been in December 2014 ($301,500):

Homebuilders are motivated to move their speculative inventory. They’re making deals at lower prices, and they’re building homes at lower price points. And buyers responded. House sales at the lower end gained market share while houses at the higher end lost market share. Houses that were sold below $200,000 made up 16% of the mix in March, up from 11% in March 2018. Houses that were sold at prices of $400,000 or higher in March made up 29% of the mix, down from 32% in March 2018. This shift in the market, and the price cuts by homebuilders, has pushed the median new house price down 11.8% from the peak in December 2017. The year-over-year price drops starting in November last year were the sharpest such drops since Housing Bust 1:

The new-house sales data, produced jointly by the Census Bureau and the Department of Housing and Urban Development, is volatile. It is revised in the following months, often quite drastically. But after a while, the trends become clear. For the long-term view: The median price of new houses ballooned by about 55% from the range in 2011 and 2012 to the peak in December 2017 ($343,300). This peak had exceeded by 31% the crazy peak of Housing Bubble 1 in March 2007. When it comes to price, the sky is not the limit:

Read more …

Give ’em a swap line.

Chinese Banks Are Running Out Of Dollars (ZH)

Following the biggest quarterly credit injection in Chinese history, it is safe to say that China’s banks are flush with yuan loans. However, when it comes to dollar-denominated assets, it’s a different story entirely. As the WSJ points out, in the past few years, a funding problem has emerged for China’s biggest commercial banks, one which is largely outside of Beijing’s control: they’re running low on US dollars so critical to fund operations both domestically and abroad. As shown in the chart below, the combined dollar liabilities at China’s four biggest commercial banks exceeded their dollar assets at the end of 2018, a sharp reversal from just a few years ago.

Back in 2013, the four together had around $125 billion more dollar assets than liabilities, but now they owe more dollars to creditors and customers than are owed to them. The reversal is the result of just one bank: Bank of China, which for many years held more net assets in dollars than any other Chinese lender, ended 2018 owing $72 billion more in dollar liabilities than it booked in dollar assets. The other “top 3” lenders finished the year with more dollar assets than liabilities, even though their net dollar surplus has shrunk substantially in the past five years.

And yet, as everything else with China, there is more than meets the eye: as the WSJ reports looking at Bank of China’s annual report, the bank’s asset-liability imbalance is more than addressed by dollar funding that doesn’t sit on its balance sheet. Instruments like currency swaps and forwards are accounted for elsewhere. This is reminiscent of the shady operations discussed recently involving Turkey’s FX reserves, where the central bank has been borrowing dollar assets from local banks via off balance sheet swaps, which it then used to prop up and boost the lira at a time of aggressive selling of the local currency. It is safe to assume that the PBOC has been engaging in a similar operation.

Read more …

Hmmm. Hillary says: “You don’t put impeachment on the table as the only item on the table and say you’re going to get there no matter what.

But as I said yesterday, that is precisely what Nadler appears to do: “I do think, if proven – which hasn’t been proven yet – if proven, some of this would be impeachable, yes,” Nadler said..”

At best awfully close.

Hillary Outlines “Roadmap” To Trump Impeachment (ZH)

Just hours after Nancy Pelosi attempted to mend the gaping division between the realists and the extremists in her party, failed presidential candidate Hillary Clinton decided to pile into the impeachment debate with her own take on the Mueller Report. “Well, I think what Nancy means, and I agree with what she means, is that it shouldn’t be a preordained conclusion, it shouldn’t be what you do for partisan, political purposes almost outside the framework of the Constitution,” she said during an appearance at the Time 100 Summit in New York. “You don’t put impeachment on the table as the only item on the table and say you’re going to get there no matter what, which is what happened in ’99. Instead, you say we are going to proceed with the seriousness that this demands.”

Dripping with irony, Clinton – whose husband was impeached by the House of Representatives in 1998 for perjury and obstruction of justice (only to be acquitted the following year by the Senate), and allegedly used her position to gain personal wealth through pay-to-play peddling of her and her husband’s influence – discuss the roadmap to President Trump’s impeachment and said he should have been indicted. “I have a kind of weird personal history about impeachment,” Clinton said to laughter from the audience. But, “not what you’re thinking,” she added, referring to her time as a staff attorney serving on the impeachment inquiry for former President Richard Nixon two decades earlier in 1974.

“I was one of the young lawyers who actually drafted the memo about what is a high crime and misdemeanor, and it was truly meant by our founders to describe actions that undermine the integrity of our government that placed the personal or political interest in a president over the interest of the nation,” she said.

Read more …

It makes no difference where you stand on the issue(s), this is what you will have to deal with going forward. First off, the Horowitz report next month: “he intends to make criminal referrals as a result of his investigation.”

The Conspiracy Against Trump (Giraldi)

Whether the Mueller report is definitive very much depends on the people they chose to interview and the questions they chose to ask, which is something that will no doubt be discussed for the next year if not longer. Beyond declaring that the Trump team did not collude with Russia, it cast little light on the possible Deep State role in attempting to vilify Trump and his associates. The investigation of that aspect of the 2016 campaign and the possible prosecutions of former senior government officials that might be a consequence of the investigation will likely be entertaining conspiracy theorists well into 2020. Since Russiagate has already been used and discarded the new inquiry might well be dubbed Trumpgate.

The media has scarcely reported how Michael Horowitz, the Inspector General of the Department of Justice (DOJ), has been looking into the activities of the principal promoters of the Russiagate fraud. Horowitz, whose report is expected in about a month, has already revealed that he intends to make criminal referrals as a result of his investigation. While the report will only cover malfeasance in the Department of Justice, which includes the FBI, the names of intelligence officers involved will no doubt also surface. It is expected that there will be charges leading to many prosecutions and one can hope for jail time for those individuals who corruptly betrayed their oath to the United States Constitution to pursue a political vendetta.

A review of what is already known about the plot against Trump is revealing and no doubt much more will be learned if and when investigators go through emails and phone records. The first phase of the illegal investigation of the Trump associates involved initiating wiretaps without any probable cause. This eventually involved six government intelligence and law enforcement agencies that formed a de facto task force headed by the CIA’s Director John Brennan. Also reportedly involved were the FBI’s James Comey, Director of National Intelligence James Clapper, Attorney General Loretta Lynch, Department of Homeland Security Director Jeh Johnson, and Admiral Michael Rogers who headed the National Security Agency.

Brennan was the key to the operation because the Foreign Intelligence Surveillance Act (FISA) court refused to approve several requests by the FBI to initiate taps on Trump associates and Trump Tower as there was no probable cause to do so but the British and other European intelligence services were legally able to intercept communications linked to American sources. Brennan was able to use his connections with those foreign intelligence agencies, primarily the British GCHQ, to make it look like the concerns about Trump were coming from friendly and allied countries and therefore had to be responded to as part of routine intelligence sharing. As a result, Paul Manafort, Carter Page, Donald Trump Jr., Jared Kushner and Gen. Michael Flynn were all wiretapped. And likely there were others. This all happened during the primaries and after Trump became the GOP nominee.

Read more …

I don’t see any common ground here that could lead to a solution. The country’s split right down the middle.

Theresa May Accuses Labour Of Dragging Its Heels In Brexit Talks (Ind.)

Theresa May has accused Labour of dragging its heels in the bid to find a cross-party compromise to deliver Brexit, even before the talks resumed after Easter. “The discussions with Labour have been serious but had also been difficult in some areas, such as in relation to the timetable for the negotiations,” the prime minister told her cabinet. No 10 fears Jeremy Corbyn does not share Ms May’s desire to avoid next month’s European parliament elections – which would require an agreement within days. The criticism is striking because it is the first time the government has turned on Labour since approaching the opposition three weeks ago.


Until now, it has been Mr Corbyn’s party that has blamed the prime minister for the lack of progress, accusing her of refusing to shift on her red lines – in particular, membership of a customs union. The cabinet discussion took place even before the talks resumed on Tuesday afternoon – but after a failure to hold any meaningful negotiations last week. Ms May’s spokesman told journalists: “The PM said the discussions with Labour had been serious, but had also been difficult in some areas, such as in relation to the timetable for the negotiations. “The PM said that the government’s position was that progress needed to be made urgently as it was vital to deliver on the result of the referendum and for the UK to leave the European Union as soon as possible.”

Read more …

They knew that before agreeing to the talks.

Labour Says Theresa May Unwilling To Offer Key Brexit Concessions (G.)

Labour has accused Theresa May of failing to offer any substantive changes to her Brexit deal in cross-party talks, as Downing Street’s hopes of a breakthrough in time to avoid taking part in European parliamentary elections waned. Brexit talks resumed on Tuesday between a team of ministers and shadow ministers. But Labour sources said the government team again appeared unwilling to countenance changes to the political declaration, which sets out the UK’s future relationship with the EU. Instead, ministers offered alternative ways of giving reassurance about the issues Labour has raised, such as on environmental standards and workers’ rights, including through redrafting the withdrawal act implementation bill (WAB) and tweaking separate planned government bills.


Downing Street continues to insist that it hopes to secure parliamentary ratification of a Brexit deal in time to avoid the UK having to participate in next month’s European parliament elections. The government has been considering tabling the WAB as a way of breaking the Brexit deadlock, but Labour has rejected the idea. “There’s a sequence; you have got to start with a different deal,” said a source. After the talks, Jeremy Corbyn blamed the government’s refusal to compromise on central issues such as membership of a customs union for the failure to make significant progress. “We’ll continue putting our case but quite honestly there’s got to be change in the government’s approach. They cannot keep on just regurgitating what has already been emphatically rejected three times by parliament, there’s got to be a change,” Corbyn said.

Read more …

They should get Theresa May and Boris Johnson cancelled. Hypocrites.

UK MPs Campaign To Have Donald Trump’s State Visit Cancelled (G.)

Theresa May has been criticised for allowing Donald Trump to make a state visit in June for D-day commemorations, with MPs orchestrating a campaign to stop the US president addressing parliament. Labour said it “beggars belief” that the government is offering the red-carpet treatment to Trump given his attacks on British and American values. Backbenchers began gathering signatures for a petition aiming to force the cancellation of the trip. The three-day trip starting on 3 June was confirmed by Buckingham Palace and the White House on Tuesday. The initial invitation was extended soon after Trump took office but a planned state visit in 2018, with all its pomp and ceremony, was downgraded to an official visit amid security concerns.


This time, Trump is likely to dine with the Queen, attend discussions with May in Downing Street and join an event in Portsmouth to mark the D-day landings. No 10 said the D-day event would be “one of the greatest British military spectacles in recent history” and would include a flypast of 26 types of RAF aircraft and at least 11 Royal Navy ships in the Solent. May said the visit would emphasise that the UK and US “have a deep and enduring partnership that is rooted in our common history and shared interests”. “We do more together than any two nations in the world and we are both safer and more prosperous because of our cooperation,” May said. “The state visit is an opportunity to strengthen our already close relationship in areas such as trade, investment, security and defence, and to discuss how we can build on these ties in the years ahead.”

Read more …

Promises to be a good series. But who will pay attention?

The Revelations of WikiLeaks: No. 1 (CN)

WikiLeaks was founded in 2006, but it was the April 5, 2010, publication of “Collateral Murder” that made the whistleblower-publisher a world-wide phenomenon, attracting admirers and enemies. WikiLeaks wrote of the film: “The video, shot from an Apache helicopter gun-sight, clearly shows the unprovoked slaying of a wounded Reuters employee and his rescuers. Two young children involved in the rescue were also seriously wounded.” WikiLeaks noted that Reuters had unsuccessfully attempted to gain access to the video through the Freedom of Information Act in the years after the strike. The day after the release of the footage, The New York Times described WikiLeaks as a once-fringe website that had moved into the big time.

“The site has become a thorn in the side of authorities in the United States and abroad,” it said. “With the Iraq attack video, the clearinghouse for sensitive documents is edging closer toward a form of investigative journalism and to advocacy.” Before 2010 WikiLeaks received a few high-profile journalism awards. But in the years since the publication of the video, it has received a slew of honors, including The Sam Adams Award for Integrity. On April 16, WikiLeaks announced a fresh award for its founder, Julian Assange, even as he remains isolated in a London prison. “Collateral Murder” was one of the most prominent releases sourced from then-Army intelligence analyst Chelsea Manning, who served seven years in a military prison as a result.

Manning, who had access to the video, having a Top Secret clearance, first offered the video to The New York Times and The Washington Post, which both turned her down. Manning then turned to WikiLeaks. Manning described the events that led up to her decision to submit the footage to the press in leaked audio of her testimony during her 2013 court-martial. She said Reuters’ inability to get the footage via a freedom-of-information request contributed to her decision to leak it. “The most alarming aspect of the video for me, was the seemingly delight of bloodlust they [the pilots] appeared to have. They dehumanized the individuals they were engaging with, and seemed to not value human life in referring to them as ‘dead bastards,’ and congratulating each other on the ability to kill in large numbers.”

Marjorie Cohn, a legal analyst, is one of those who has described the contents of the footage as evidence of U.S. war crimes. As such she argues that Manning was legally obligated to expose such information. In a 2013 column for Truthout, she cites the Geneva Conventions, the Army Field Manual and the Uniform Code of Military Justice as all setting forth the duty of a service member to disobey unlawful orders. None of the pilots, military officials nor policy-makers have ever been charged or otherwise held responsible for the events shown in the video.

Read more …

 

 

Home Forums Debt Rattle April 24 2019

This topic contains 15 replies, has 8 voices, and was last updated by  V. Arnold 1 month, 3 weeks ago.

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  • #46883

    Giovanni Bellini Pietà 1474   • Bipolar Markets in the “New Mediocre” (Roubini) • Fed Key Interest Rate Keeps Climbing, That Could Become A Probl
    [See the full post at: Debt Rattle April 24 2019]

    #46884

    V. Arnold
    Participant

    Giovanni Bellini Pietà 1474
    A much nicer sky…

    As every human with a functional brain has observed; the Good Ship Lollypop is going down; and is epitomised by the high crimes, commited against Julian Assange and Chelsea Manning for their due diligence.
    Meanwhile, the deck chairs are being rearranged to distract from today’s reality.
    The utter shame on every American is their utter complicity by omission…

    #46885

    V. Arnold
    Participant

    …and even more:
    Surefire Way to Hasten Imperial Decline: US Tells China, India and Turkey They Cannot Import Iranian Oil
    Japan, South Korea, Italy, Greece and Taiwan will also be subject to Pompeo’s new policy

    From RI

    This is unbridled insanity, cloaked in official government foreign policy…
    And there it is in plain view; there is no attempt to word it to death as rational…

    #46886

    John Day
    Participant

    http://www.johndayblog.com/2019/04/moral-decay.html
    Last week Mike Pompeo spoke at Texas A&M University, itself long known for being a favored recruiting ground of the CIA, considering too that one of the university’s last presidents, Robert Gates, was CIA chief and later served as Bush and Obama’s Secretary of Defense.
    During the Q&A session, Pompeo boasted that in the CIA both the training and culture are geared toward the following:
    “We lied, we cheated, we stole.”
    Interestingly, a Christian religious news broadcaster was the only media that seemed to pick up on Pompeo’s words last week, and described it as follows: “that’s not the resume of the Secretary of State… that’s the resume of Satan.”
    https://www.zerohedge.com/news/2019-04-21/i-was-cia-director-we-lied-we-cheated-we-stole

    The Triumph of Evil, Paul Craig Roberts
    Today (April 17) I heard a NPR “news” report that described the democratically elected president of Venezuela as “the Venezuelan dictator Maduro.” By repeating over and over that a democratically elected president is a dictator, the presstitutes create that image of Maduro in the minds of vast numbers of peoples who know nothing about Venezuela and had never heard of Maduro until he is dropped on them as “dictator.” …Secretary of state Mike Pompeo and vice president Pence have added their big mouths to the propaganda against the few independent governments in Latin America. Where is the shame when the highest American government officials stand up in front of the world and openly proclaim that it is official US government policy to overthrow democratically elected governments simply because those governments don’t let Americans plunder their countries?
    How is it possible that Pompeo can announce that the “days are numbered” of the elected president of Nicaragua, who has been elected president 3 or 4 times, and the world not see the US as a rogue state that must be isolated and shunned? How can Pompeo describe Washington’s overthrow of an elected government as “setting the Nicaraguan people free?”

    The Triumph of Evil

    ​James Petras on why Venezuela has not folded to the empire quite yet.
    Despite the two decades of pressure by the world’s biggest imperial power ,which bears responsibility for the world’s highest rate of inflation, and despite the illegal seizure of billions of dollars of Venezuelan assets, the people remain loyal , in defense of their government. The reasons are clear and forthright.
    The Venezuelan majority has a history of poverty, marginalization and repression, including the bloody massacre of thousands of protestors in 1989. Millions lived in shanty towns, excluded from higher education and health facilities. The US provided arms and advisers to buttress the politicians who now form the greater part of the US opposition to President Maduro. The US- oligarch alliance extracted billions of dollars from contracts from the oil industry.
    Remembrance of this reactionary legacy is one powerful reason why the vast majority of Venezuelans oppose US intervention in support of the puppet opposition.
    http://www.unz.com/jpetras/why-venezuela-has-not-been-defeated/

    ​Charles Hugh Smith:​
    Consider America’s favorite pastime, corrosive partisan politics. This distemper is often traced back to (surprise!) extreme partisans, but as the chart below shows, political partisanship has risen in near-perfect correlation with wealth-income inequality, which it itself the hallmark of deeply systemic corruption, as the system is rigged to benefit the few at the expense of the many. (Chart courtesy of Slope of Hope.)
    There’s a phrase that describes a socio-economic system becoming the means for personal aggrandizement at the expense of civil society itself: moral decay.​ ​How else can we describe a system whose inputs and processes are rigged so the output is the vast majority of all income gains flow to the top 0.1%? (See chart below.)
    When a socio-economic system institutionalizes the extralegal privileges of wealth and power, that is moral decay. When government only responds in ways that first serve the interests of entrenched insiders, that is moral decay. When the financial system is rigged to sluice income and wealth to the top of the wealth-power pyramid while strip​-​mining the productive class below via inflation and taxes, that’s moral decay. (See chart below of workers’ share of the national income.)
    https://www.oftwominds.com/blogapr19/moral-decay4-19.html

    #46887

    Dr. D
    Participant

    c1474. Looks very 1974. Shows how fashion is a big cycle.

    “These so-called investors are in reality a bunch of rich socialists waiting for a central bank to hand them money.”

    I believe it was Fekete among many others who said this. “Once Upon a Time”. “Once Upon a Time we had Bond Vigilantes.” To buy off the bond vigilantes takes money. So they lower interest rates and thereby create 100% certain profits for bondholders. But what is a market, a business, that has all profit but no risk? Welfare. Bribes. Extortion. Socialism for thee but not for me. So it is not hyperbole, it is PRECISELY a bunch of rich socialists who will behave only and as long as the central bank hands them risk-free money hand over fist. Should that end…well, the deal’s off, and we might have markets again. Oh noes! Honest price discovery! That all the paper promises you won are really worthless! Whatever shall we do? I think we end it with more socialism and more fascism, and bail them out of that too.

    History is not kind. Ask Macron.

    Point: “Fed Key Interest Rate Keeps Climbing, That Could Become A Problem (CNBC)”

    Uh-oh, angry, uncooperative bond vigilantes. The bond holders who are by definition le plus ultra rich and powerful.

    If that happens, will Russia be standing? Russia can back 100% today on their gold reserves, you know, the ones the BIS just made Tier 1 assets, as good as gold? (Wait: why weren’t they already??) China can not only back on gold, but massive industry. That leaves Europe and America as the village idiots. Giving away a quarter for two dimes, because they’re S.M.A.R.T. The only thing they had left was the military, and that’s gone because they can’t cut corruption just a teensy bit.

    What was that about history not being kind? It’s more a clue-by-four kind of action.

    “Cut the Price and They Will Come: US New Home Prices At Dec. 2014 Level (WS)”

    Unlike most things, this will not go in a historic way, and this time will be different. Why? Because your homebuyers are millennials, and the Boomers forced the Millennials into $2T of student loan debt to keep some other scams running. Congratulations, that $2T ($1.3T still owed) was the exact money needed to buy a house, and buy that house AWAY from a Boomer so they could retire. The children have no money = no buyers = no sales = no retirement. And a lot of ill-will. They could have just defended them and made sure they had paying jobs, normal conditions, and therefore would have the money to buy stocks, bonds, houses from retirees as has happened for 100 years, but nope. They done broke the system, and the system is broke. At 3x income, and with over 100% of income already owed to student loans, prices will have to get very, very low indeed before they can buy. $50k instead of $250k? Probably. But the Fed’s interest rates will now have little effect. They effect is really that they hand money with a firehose to BlackRock, who buys up houses by the hundredweight, and no human, no family, owns them evermore.

    “Hillary Outlines “Roadmap” To Trump Impeachment (ZH)”

    Again, great! For what crime? The one Mueller couldn’t find?

    Hillary — the one who was too partisan and corrupt to even sit-in on the Nixon impeachment and got fired – says anybody else would have been indicted. Besides that Presidents cannot be indicted – they must be impeached – it’s pretty amazing considering she had 30,000 off-site emails, each one of which is a felony, PLUS got 18 CIA agents murdered in China for the same breach, and was not only not indicted, she wasn’t even questioned until after the Comey exoneration, and never under oath. Clearly not all animals are capable of being indicted for their felonies, only some. PS, still waiting for the FBI to look at the DNC servers.

    But…pointless. The only thing here is that barking up this tree is not an election-winner in 2020. Apparently they’re going to re-run the 2016 election over and over until everybody dies of old age because that worked so well in losing the Presidency, the Senate, the Governors, and the Courts.

    “Brennan was able to use his connections with those foreign intelligence agencies, primarily the British GCHQ”

    And this is how the real election-rigging was British, not Russian. That’s the leverage they, Trump, has going forward, for example in NZ, or with Assange. 5 Eyes is one big election/leader/agenda tampering party, all in favor of the CIA/MI6/Secret State insiders. And against you. This from a guy who perjured himself in Congress by saying no data is kept on any American citizens, and no one was surprised at this himalayan, transparent lie, nor have any charges for this incredible crime – 300 Million felony breaches of the 4th Amendment – ever been brought. But hey, trust him on MSNBC, he’s not biased or anything, we always have the CIA be our actual, literal news anchors. Why would he lie? Only to escape charges of felony, sedition treason, and death by hanging until dead. I’m sure this time he’ll tell us the truth: he’s on T.V. for gosh sakes! Defies description sometimes, doesn’t it?

    “UK MPs Campaign to Have Donald Trump’s State Visit Cancelled (G.)”

    Thankfully, there’s nothing important going on in Britain right now so they have a lot of time to waste doing this.

    “It “beggars belief” that the government is offering the red-carpet treatment to Trump given his attacks on British and American values.”

    You mean values like MI6 trying to dictate the American election, their supposed ally? Yeah, Trump is the aggressor here, and you’re the victim. Right. He’s probably going over there to negotiate to not pursue this outrageous act 24/7 in public so long as Britain will do whatever he says. I would not be as generous because I put a premium on the truth. People have to know who our real enemies are, Britain.

    #46888

    V. Arnold
    Participant

    It’s also good to have a life outside of the mayhem that is the captured news across this planet.
    This morning I watered my bird’s nest fern (3.5 meters across and 14 years old) and the wild orchids growing in our trees.
    It’s a daily chore that brings reality to the fore; pushing the imposed reality, to the back of the daily reality imposed as real!.
    Sanity refreshed on a daily basis…
    Highly recommended…

    #46889

    V. Arnold
    Participant
    #46891

    zerosum
    Participant

    My two cents are not necessary with this audience.

    c1474. Looks very 1974. Shows how fashion is a big cycle.

    I see bald heads, beards, a devoted attending mourning wife and wonder what is in the drinking cup.

    #46892

    True zero, just another bunch of hippies

    #46893

    PlanetaryCitizen
    Participant

    It’s interesting how when it’s Trump’s policy and his policy alone (along with his enabling sycophantic advisers), like the current oil policy with Iran, it’s the U.S. doing it. No mention of Trump. Remember that Iran treaty Trump pulled out of?

    When Brits protest his upcoming Tea and Crumpets with the Queen it’s “clean up your own house.” They’re stuck with their own buttheads but they damn sure don’t have to be happy with inviting some excitotoxin addled (see diet cokes) pussy grabber for a settee with the Queen. Nope, no bias for Trump on this website!

    Verret first called for Trump’s impeachment in a series of tweets on Saturday. He continued to argue the severity of Trump’s apparent misconduct in a statement issued Tuesday by Checks & Balances, a group of conservative and libertarian attorneys…

    Finished a second read through the Mueller Report (Verret). I don’t say this lightly, as a life long Republican, former R Hill staffer, and someone who has worked on every R campaign and pre-transition team for the last ten years. There is enough here to begin impeachment proceedings.

    “Depending on how you count, roughly a dozen separate instances of obstruction of justice are contained in the Mueller report,” Verret wrote. “The president dangled pardons in front of witnesses to encourage them to lie to the special counsel, and directly ordered people to lie to throw the special counsel off the scent.”

    “We believe the framers of the Constitution would have viewed the totality of this conduct as evidence of high crimes and misdemeanors,” the group said in the statement. “Accordingly, Congress, which carries its own constitutional oversight responsibilities, should conduct further investigation.”

    #46894

    seychelles
    Participant

    “Will Russia be the last one standing?”
    What we (those who embrace or are subject to Zioglobalism) are about to endure, the Soviet Union went through during its dissolution. Russians will be happy to watch from the sidelines.

    #46895

    Sorry PC, but you’ll have to come up with precise examples.

    “..roughly a dozen separate instances of obstruction of justice are contained in the Mueller report,”

    Sure, name them.

    “We believe the framers of the Constitution would have viewed the totality of this conduct as evidence of high crimes and misdemeanors,”

    We’re in get-a-life territory here. Specify. There’s nothing so far but opaque innuendo. If this refers to the Mueller report, the specifics must be from there?! Let’s see ’em then.

    No, no bias FOR Trump here (I really have to explain this 10x a day?). But a lot of bias against him elsewhere. And that I WILL attack.

    For the same reason I WILL defend Julian Assange. Because people shouldn’t be judged on gossip and hearsay.

    #46896

    Rototillerman
    Participant

    “UK MPs Campaign to Have Donald Trump’s State Visit Cancelled (G.)”

    Thankfully, there’s nothing important going on in Britain right now so they have a lot of time to waste doing this.

    Dr. D, you’re killing me here with the deadpan humor! Thank you for posting your daily musings, they are well worth scrolling down to the comments section.

    #46897

    zerosum
    Participant

    Let’s see 12 cut and paste so that we can discuss them.

    #46898

    V. Arnold
    Participant

    No, no bias FOR Trump here (I really have to explain this 10x a day?). But a lot of bias against him elsewhere. And that I WILL attack.

    I think we have entered the era of fact free existence; the band wagon rules, facts be damned.
    It’s worked against Assange and Manning; now Trump is next.
    The crescendo builds…
    Sadly it highlights a total lack of critical thinking skills for the majority…

    #46899

    V. Arnold
    Participant

    I would add to the above; that poor reading comprehension plays into a lot of this as well.

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