Warren wants law to force Trump to sell business
Senator Elizabeth Warren insists that President-elect Donald Trump is not doing enough to avoid a conflict-of-interest scandal. …read more
Source: Warren wants law to force Trump to sell business
Archive for the ‘Uncategorized’ Category
What Does The Future Hold For ‘Average Joes’? (Spoiler Alert: Feudalism)
By Tyler Durden
It is difficult to say exactly how, or when, the next collapse will be triggered, but, as SHTFPlan.com's Mac Slavo notes, of course all the conditions are ripe for it.
What can be certain is that the technocrats intent on controlling the future are already engineering the post-collapse society. Many of the Davos elite have been pushing “universal basic income” for all countries across the globe, and are leading people not only into a digital grid where cash is banned, but also into a society where private property and ownership are outlawed.
They are designing a future in which you must borrow or rent everything you need from corporations or the government, if you are allowed to have them at all.
You Realize The Universal Basic Income Is Feudalism, Right?
What does the future hold for average people?
Feudalism.
And they’ll welcome it with open arms, convinced that they are embracing a smart, fair system that eliminates poverty. The greed, entitlement, and lack of ambition that seems inherent in many people today will have them slipping on the yoke of servitude willingly.
Here’s what I mean.
Have you ever been around people who say things like,
“I can’t afford it, but I deserve it…”
“Having [fill in the blank with a material object] is a basic right…”
“Losing that right is okay with me because it’s for the greater good.”
But the thing is, what we “deserve” is the right to pursue our dreams freely.
- We deserve what we earn.
- We deserve to be secure in our life, liberty, and property.
- We deserve the freedom to go about our lives and decisions as long as we aren’t harming the life, liberty, and property of others.
No one owes us anything other than that.
But quite a few people are ready to give up their freedom so that someone else can take care of them.
A lot of people disagree with that list of rights.
They feel like they deserve a living just for drawing breath. As Gawker’s headline reads, “A Universal Basic Income Is the Utopia We Deserve.”
The idea of a universal basic income for all citizens has been catching on all over the world. Is it too crazy to believe in? We spoke to the author of a new book on the ins, outs, and utopian dreams of making basic income a reality.The basic income movement got a significant boost this week when the charity GiveDirectly announced that it will be pursuing a ten-year, $30 million pilot project giving a select group of Kenyan villagers a basic income and studying its effects. As an anti-poverty solution, universal basic income appeals to impoverished people in Africa, relatively well-off Scandinavians, and Americans automated out of their jobs alike.
Sure, money for nothing sounds great on the surface.
But what would the real result of a Universal Basic Income be?
Feudalism. Serfdom. Enslavement.
UBI would fast track us back to the feudalism of the Middle Ages. Sure, we’d be living in slick, modern micro-efficiencies instead of shacks. We’d have some kind of modern …read more
Source: What Does The Future Hold For ‘Average Joes’? (Spoiler Alert: Feudalism)
How Globalists Predict Your Behavior
By Tyler Durden
Submitted by Brandon Smith via Alt-Market.com,
The globalists seem to have an overarching obsession with data collection. As we have seen with revelations from multiple government whistle-blowers, the establishment spends most of its time, energy and manpower collecting information not just on known threats to their supremacy, but information on EVERYONE through FISA-based surveillance protocols. This is because the establishment sees every individual as a potential threat.
Thus, the system, without warrant, is programmed to collate data from everywhere, not necessarily to be analyzed on the spot, but to be analyzed later in the event that a specific person rises to a level that poses legitimate harm to the globalist power structure.
There was a time not long ago when this notion was considered “conspiracy theory” by the mainstream, but with multiple exposures from Wikileaks to Edward Snowden it is now common knowledge that the government (and the globalists) spy on us en masse. However, I do not think that many people understand the greater implications or uses for this full spectrum surveillance. This is why you sometimes hear the argument that “if you aren’t doing anything wrong, then you have nothing to worry about…”
The truth is, mass surveillance is not done merely for the sake of surveillance, and it is certainly not undertaken for the sake of public safety. There is a greater purpose, and it is something the elites crave dearly — the purpose of total and PREDICTIVE information awareness.
The establishment is not just hoping to observe our present behavior in detail. No, they hope to use today’s data to predict our behavior tomorrow, and at this very moment, they are extremely close to achieving their goal.
Lets examine some of the methods they use in the pursuit of this goal…
Internet Macro-Analytics
Web analytics are used by almost everyone with a website of their own, and Google is a primary source for this data. Through analytics you can easily measure web traffic for a particular site, but also where in the world the traffic is coming from, how long these people are staying on your site, how many of them are new visitors versus regular visitors, how your traffic has increased or decreased over a span of months or years, etc, etc. That said analytics are not just useful to someone with a web-based business or a blog, they are very useful to the establishment. Why? Because they allow the establishment to view the behavior of most of a population at any given time.
In fact, Eric Schmidt, the former CEO of Google, is notorious for opening his big mouth and letting slip some of the finer intricacies of the establishment’s information war. In 2010 in a videotaped interview with The Atlantic, Schmidt said this:
“With your permission, you give us more information about you, about your friends, and we can improve the quality of our searches. We don’t need you to type at all. We know where you are. We know where you’ve been. We can more or less know what …read more
Source: How Globalists Predict Your Behavior
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Chuck Todd Excoriates Buzzfeed’s Editor in Chief: ‘YOU PUBLISHED FAKE NEWS’
By The_Real_Fly
Democrat shill, Chuck Todd, cannibalized the liberal media tonight by ripping into the Editor in Chief of Buzzfeed, Ben Smith, for publishing a 35 page dossier of laughable content, such as germaphobe Trump having Russian hookers urinate on him, or an irate Donald yelling at Ivanka to respond to her mother, whilst devouring a plate of chicken tenders, saying that if she didn’t her Mother would perish in a horrible accident.
Over the past day, all of the actors involved in leaking the ‘dossier’ to the public have been discredited and humiliated — from John McCain to the CIA and of course to the Buzzfeed reporter, Rick “I’m a spy” Wilson — who published the trite piece of offal — hoping it would derail Trump’s presidency and give solace to the cadre of his fellow Never Trumpsters, who’ve been waiting for the opportunity to discredit and rid themselves of his orangeness.
Unfortunately, for him and his ilk, there are consequences to publishing lies about the President elect of the United States, especially when done in a manner that garnered world wide exposure, galvanizing all of the snowflakes to unite and form into a maniacal Snow Demon set out to devour and crush President elect Donald J. Trump.
Once again, The Donald has proved to be resilient, admonishing his enemies , taking a flame thrower to them — effectively reducing them to a small, sad, pond of liberal misery to be pissed upon whenever he’s in the mood for golden showers.
Todd eats Smith.
Content originally generated at iBankCoin.com
Source: Chuck Todd Excoriates Buzzfeed’s Editor in Chief: ‘YOU PUBLISHED FAKE NEWS’
Why Are Wal-Mart And Boeing Laying Off Workers If The U.S. Economy Is In Good Shape?
The stock market has been on quite a roll in recent weeks, but signs of trouble continue to plague the real economy. Earlier this week, I talked about the “retail apocalypse” that is sweeping America. Major retail chains such as Sears and Macy’s are closing stores and laying off workers, but I didn’t think that Wal-Mart would be feeling the pain as well. Unfortunately, that is precisely what is happening. USA Today is reporting that approximately 1,000 jobs will be cut at Wal-Mart’s corporate headquarters in Bentonville, Arkansas by the end of this month…
Walmart’s plan to lay off of hundreds of employees is the latest ripple in a wave of job cuts and store closures that are roiling the retail industry.
The world’s largest retailer is cutting roughly 1,000 jobs at its corporate headquarters in Bentonville, Ark., later this month, according to a person familiar with the matter who was not authorized to speak about it.
The company is saying that these cuts are necessary because Wal-Mart is always “looking for ways to operate more efficiently and effectively“. But something doesn’t smell right here. You don’t get rid of 1,000 employees at your corporate headquarters if everything is just fine.
I have driven past Wal-Mart’s headquarters in Bentonville a number of times, and it is in a beautiful part of the country. Bentonville and the surrounding areas had been booming, but it looks like times may be changing.
Meanwhile, there are signs of trouble out on the west coast as well. The Los Angeles Times is reporting that there is going to be a new round of engineering job cuts at Boeing…
Boeing Co. has internally announced a new round of employee buyouts for engineers companywide, including in Southern California, and warned that layoff notices will follow later this month to engineers in Washington state, where the company has a large presence.
Management did not cite a target for the number of projected job cuts.
The news comes after company Vice Chairman Ray Conner and the new chief executive of Boeing Commercial Airplanes, or BCA, Kevin McAllister, warned in December of the need to aim for further cuts in 2017.
And according to Boeing spokesperson Doug Alder, similar job cut announcements are coming for other classes of workers as well.
So why is Boeing getting rid of so many employees?
Well, the truth is that Boeing’s business is way down. The following comes from Wolf Richter…
Business has been tough. In 2016, deliveries fell by 14 jets from a year ago, to 748. Net orders dropped 13% from an already rotten level in 2015, to just 668, down 53% from 2014. And the lowest level since 2010!
When the economy is doing well, air traffic tends to rise, and when the economy is doing poorly it tends to go down.
Needless to say, the fact that Boeing is doing so poorly does not bode well for the future.
In addition to Wal-Mart, another major retailer that is letting people go is Petco…
Petco is cutting 180 positions with about 50 …read more
Source: Why Are Wal-Mart And Boeing Laying Off Workers If The U.S. Economy Is In Good Shape?
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Russia Deploys S-400 Missile Regiment Near Moscow On Combat Duty
By Tyler Durden
While the stated reason behind its deployment has not been disclosed, Russia has put on duty a surface-to-air missile regiment equipped with the brand-new S-400 air defense system, Russia’s most advanced, in Moscow’s suburbs on combat alert.
“The SAM combat squads of the Moscow Region aerospace forces have put the new S-400 Triumph air defense missile system into service, and have gone on combat duty for the air defense of Moscow and the central industrial region of Russia,” the Defense Ministry’s Department of Information and Mass Communication told Interfax. The new SAM battery arrived at its destination in the Moscow Region from Kapustin Yar in the south Russia last December, the Defense Ministry noted.
“The main task of the anti-aircraft missile troops of the Russian Aerospace Forces is air defense and protecting vital state, military, industry and energy facilities, as well as the Armed Forces troops and transport communications, from aerospace attacks,” said the ministry.
The Triumph system, which was developed by air-defense systems manufacturer Almaz Antei, is designed for high-efficiency protection against airstrikes utilizing strategic, cruise, tactical, and other kinds of ballistic missiles. The new system is capable of hitting moving targets in the air, including planes and cruise missiles, at a distance of 400 kilometers, as well as ballistic targets moving at speeds of up to 4.8 kilometers per second at altitudes ranging from several meters to several dozens of kilometers.
As RT adds, four more Triumph units are to come into service in 2017, citing the Russia’s Defense Ministry said. S-400 Triumph air defense systems have been providing air cover for Russia’s forces in Syria since November, when President Vladimir Putin order their deployment.
It was not clear however, why i) Russia is deploying one near the capital now and ii) why it is doing so publicly.
“With these complexes, we are able to destroy both sea and ground targets” at distances of 350 kilometers for sea targets and nearly 450 kilometers for ground targets, Russian Defense Minister Sergey Shoigu said at the time. In October, President Putin and India’s Prime Minister Narendra Modi signed an agreement for the sale of S-400s to India. Deliveries could begin in 2020.
Source: Russia Deploys S-400 Missile Regiment Near Moscow On Combat Duty
Chanos Fears Trump’s "Unmet Expectations", Warns Investors To "Rethink Almost Everything In Your Life"
By Tyler Durden
Submitted by Lynn Paramore via The Institute for New Economic Thinking,
Milwaukee-born short-seller Jim Chanos, founder and managing partner of New York-based Kynikos Associates, teaches University of Wisconsin and Yale business students about corporate fraud. During his life and career, he has witnessed seismic shifts in economic thinking and the relationship between labor and capital.
Chanos shares his thoughts on the world emerging from the election of Donald Trump and the tumultuous political events of 2016.
Lynn Parramore: Leading up to the election of Trump, we had eight years of Obama, and before that, eight years of Bush. Before we get to the president-elect, how do you assess the records of those past presidents in terms of basic policing of markets and corporate fraud?
Jim Chanos: Bush was the MBA president who was going to be pro-business, cut taxes, and deregulate. Meanwhile, he had two recessions on his watch, less employment than when he started, and two bear markets in the stock market — probably the worst president for business since Herbert Hoover. The business guy!
Yet, he did tighten up the Justice Department and go after corporate crime. The Ashcroft Justice Department, as bad as it was in lots of other things, went after corporate fraud and accounting fraud, criminally. In 2002, we got Sarbanes-Oxley to curb fraud.
I don’t know that all this was Bush’s predilection — remember, his biggest supporter was Enron. But because of Enron and the other dot-com era scandals, he got backed into a corner to go hard on them. I’ve joked that the only person who put more corporate executives in jail than George W. Bush was his father during the Savings and Loan Crisis.
On these issues, I’d rather have Bush any day of the week than Obama. Both Eric Holder and Lanny Breuer of Obama’s Justice Department said in TV interviews and testimony that they factored in non-judicial aspects as to whether to mount prosecutions. I think that this had political costs to the Democrats. The crony capitalism still bothers people — the idea that Wall Street got off scot-free and they are still struggling. That lack of justice applied equally under the law was corrosive, not necessarily for Obama personally, but certainly for the party following him.
LP: How do you see a Trump presidency in this light?
JC: You and I have talked about how it has become a cost calculus for lots of corporations and financial institutions to cheat. “If I get caught,” they say, “I’m just going to pay a fine.” How does this change with new faces in Washington? You still have this very pro-corporate group on Capitol Hill whose main bailiwick, in my opinion, is to protect the corporate class and the very wealthy. You’ve got what ostensibly is a proto-populist in the White House with a cabinet that is a mélange of different types, so who knows?
In my overall view, stuff happens to change people. If we go back to …read more
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To "Prevent Public Panic", Beijing Orders Banks To Keep Capital Outflow Curbs Secret
By Tyler Durden
China is so concerned about the ongoing surge in capital outflows that its forex regulator, SAFE, has taken the unprecedented step of ordering banks to keep its instructions about curbing capital outflows secret and also to ensure that research analysts do not publish any negative views about the yuan according to Reuters. According to bankers from local and foreign banks, both demands are seen as an attempt by the authorities to prevent alarm that could trigger further declines in the yuan.
With the yuan devaluaing by 6% against the dollar last year as a result of hundreds of billions in official outflows (and as much as $1.1 trillion in unofficial since August of 2015 according to Goldman calculations), Beijing has unleashed a flurry of restrictive measures on capital outflows from the State Administration of Foreign Exchange (SAFE), including setting limits on banks’ currency volumes in some cities or provinces and requiring approval for ever smaller transactions. Overnight, the PBOC even unveiled probed into bitcoin exchanges, sending the digital currency plunging over 20%.
Reuters reports that SAFE, which is part of the People’s Bank of China, is insisting in oral instructions to dozens of banks that they don’t reveal its role in such restrictions, six bankers said, which was damaging their relationships with clients since they were unable to explain why they were turning away business. SAFE and the PBOC have yet to respond to requests for comment.
SAFE’s reticence began at least as far back as August, when its Shanghai branch called at least 20 of the major foreign and domestic banks operating in the city to a meeting with the regional heads of several SAFE departments.
A representative from an international bank attending the meeting said there were no written instructions, but a high-ranking SAFE official told them explicitly what was expected of them.
“You must control your forex deficit, but you can’t say that SAFE is controlling capital outflows,” the official told the bankers. The banks were told to “manage sentiment” to prevent public panic, the banker said, and the banks’ research analysts should not broadcast any negative views on the yuan.
As a reminder, while in the US, the real Fake News is anything having to do with relations between Trump and Russia; in China fake news mostly focus on the economy and the currency (as well as virtually everything else).
“They told us not to publish bad house views – analyst house views – on the yuan”, the person said. A second banker on the forex team of an international bank said his bank had received the same instructions.
Where a bank has exceeded the SAFE-set limits for forex transactions in a month, they have to turn business away, but are unable to explain the real reason why, several bankers complained. “We’re not going to tell our customers that (our forex business) has stopped; we just have to find ways to turn down the business we’re not allowed to do,” said a banker …read more
Source: To "Prevent Public Panic", Beijing Orders Banks To Keep Capital Outflow Curbs Secret
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BofA Finds Consumer Spending Tumbled In December, Warns Of Disappointing Retail Sales
By Tyler Durden
With this week’s most important economic data point – this Friday’s retail sales – fast approaching, economists are keen for clues if this key datapoint giving insight into the health of the US consumer will maintain the recent outsized spike in favorable and better than expected economic data, or if adversely, it may be a downward inflection point which could have significant implications on the dollar trade as RBC explained earlier. And according to BofA’s internal debit and credit card data, always released just ahead of the retail sales report, it looks like it will be the latter.
As Bank of America’s chief US economist Michelle Meyer reports, the aggregated BAC credit and debit card data showed that retail sales ex-autos declined 1.0% mom seasonally adjusted in December. “This contrasts with other indicators of consumer strength including reports of a robust holiday shopping season, a rebound in consumer confidence and strong autos sales” according to Meyer.
Actually, based on earnings reports of those companies who have recently closed their quarter, a weak December is precisely what one should expect, further corroborated by JPM’s satellite imagery at early December showing empty parking lots (recall: “Satellite Imagery Reveals Sharp Retail Spending Slowdown After The Election“) and a plunge in brick and mortar sales, which has been greater than the offsetting pick up in online sales.
This is how the bank’s adjusted retail spending data looks when charted.
As BofA notes, “the BAC aggregated card data showed that retail sales exautos declined 1.0% mom SA in December. This reversed the strong gains over the prior few months, leaving the 3- month average growth rate to slow.“
Amusingly, while in the past everyone ignored seasonal adjustments when it comes to retail sales (a reconciliation which as we have shown on various occasions, would always undermine the adjusted data), this time it is BofA which tries to justify the weakness with seasonal adjustments. This is how it “justifies” the sharp drop in data:
We think the explanation is that our BAC aggregated card data is biased lower due to our seasonal adjustment process. Note that the Census Bureau uses a similar approach, and therefore, we expect their data to be subject to a similar downward bias.
The two major holidays in December — Christmas and the New Year — are fixed in terms of the date but not in terms of the day of the week. This year, Christmas Eve and New Year’s Eve both fell on Saturdays. Spending on those dates was much weaker than on a typical Saturday, presumably since people were enjoying the holidays. However, the seasonal adjustment process treated these days like any other Saturday. This suggests that the adjustment process “over-fits” the data and biases the seasonally adjusted figures lower.
We think the bias in December should correct in January, translating to strong growth in January. A strong gain in January would support our view that the weakness we are seeing in the data is simply …read more
Source: BofA Finds Consumer Spending Tumbled In December, Warns Of Disappointing Retail Sales
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Media bashing at Donald Trump’s ‘circus-like’ presser
Tensions were high at Trump Tower for Donald Trump’s first press conference as president-elect. …read more
Source: Media bashing at Donald Trump’s ‘circus-like’ presser
