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By Tyler Durden

Via Sarah Palin’s Facebook page…

To Julian Assange: I apologize.

Please watch Sean Hannity‘s interview with Julian Assange (Wikileaks).

…starting at 49:08…

Exposing the truth re: the Left having been oh-so-guilty of atrocious actions and attitudes of which they’ve falsely accused others. The media collusion that hid what many on the Left have been supporting is shocking. This important information that finally opened people’s eyes to democrat candidates and operatives would not have been exposed were it not for Julian Assange.

I apologize for condemning Assange when he published my infamous (and proven noncontroversial, relatively boring) emails years ago.

As I said at the time of being targeted and my subsequent condemnation, though, the line must be drawn before our troops or innocent lives deserving protection would be put at risk as a result of published emails.

Julian, I apologize.

– Sarah Palin

ps. If you get the chance, catch the movie “Snowden.” That movie and Hannity’s interview tonight are quite enlightening.

…read more

Source: Sarah Palin Apologizes For "Condemning" Julian Assange

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By Tyler Durden

While we eagerly await the next installment of the McKinsey study on global releveraging, we noticed that in the latest report from the Institute for International Finance released on Wednesday, total debt as of Q3 2016 once again rose sharply, increasing by $11 trillion in the first 9 months of the year, hitting a new all time high of $217 trillion. As a result, late in 2016, global debt levels are now roughly 325% of the world’s gross domestic product.

In terms of composition, emerging market debt rose substantially, as government bond and syndicated loan issuance in 2016 grew to almost three times its 2015 level. And, as has traditionally been the case, China accounted for the lion’s share of the new debt, providing $710 million of the total $855 billion in new issuance during the year, the IIF reported.

Joining other prominent warnings, the IIF warned that higher borrowing costs in the wake of the U.S. presidential election and other stresses, including “an environment of subdued growth and still-weak corporate profitability, a stronger (U.S. dollar), rising sovereign bond yields, higher hedging costs, and deterioration in corporate creditworthiness” presented challenges for borrowers.

Additionally, “a shift toward more protectionist policies could also weigh on global financial flows, adding to these vulnerabilities,” the IIF warned.

“Moreover, given the importance of the City of London in debt issuance and derivatives (particularly for European and EM firms), ongoing uncertainties surrounding the timing and nature of the Brexit process could pose additional risks including a higher cost of borrowing and higher hedging costs.”

For now, however, record debt despite rising interest rates, remain staunchly bullish and the equity market’s only concern is just when will the Dow Jones finally crack 20,000.

Sadly, since we don’t have access to the underlying data in the IIF report, we leave readers with a snapshot of just the global bond market courtesy of the latest JPM quarterly guide to markets. It provides a concise snapshot of the indebted state of the world.

…read more

Source: Global Debt Hits 325% Of World GDP, Rises To Record $217 Trillion

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Ticket prices for the college football national championship between Alabama and Clemson have reached a record high. …read more

Source: Alabama-Clemson tickets prices soar to record high

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By Tyler Durden

Chuck Schumer is apparently on board with the slew of angry celebs who posted a video yesterday calling on Democrats in Congress to do everything possible to “obstruct” and “vigorously oppose” the “racist, sexist, xenophobic” Trump administration.

After months of whining about Republicans blocking Obama’s late term Supreme Court nominee, resulting in what Rachel Maddow dubbed a “stolen seat,” Schumer has vowed that Democrats will now attempt to do the exact same thing. And while a name has not even yet been proposed, the defiant Schumer told Rachel Maddow that he can’t “imagine a nominee that Donald Trump chooses that would get Republican support that [Democrats] could support.”

“We are not going to settle on a Supreme Court nominee.”

“If they don’t appoint someone who’s really good, we’re gonna oppose him tooth and nail.”

“It’s hard for me to imagine a nominee that Donald Trump chooses that would get Republican support that we could support.”

Of course, under current rules, a simple majority vote of the Senate is sufficient to approve a Supreme Court nominee though, while it would be somewhat unprecedented, Democrats could filibuster to block an appointment.

So are we looking at an 8-person Supreme Court until one party of the other gains a filibuster-proof majority in the Senate?

…read more

Source: Schumer Vows To Fight Trump Supreme Court Nominee: "We’re Gonna Oppose Him Tooth And Nail"

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By Tyler Durden

In a surprising move, confirming the ongoing pivot by the Philippines away from the US sphere of geopolitical influence, and toward the China-Russia axis, on Tuesday the Russian destroyer Admiral Tributs and sea tanker Boris Butomato arrived in the Philippines to conduct military training exercises in what the Russian media described as “an unprecedented navy-to-navy contact between the two nations.”

According to Reuters, Russia wants to hold maritime drills with the Philippines to help combat terrorism and piracy, sending two warships to Manila for the first official navy-to-navy contact, as President Rodrigo Duterte pivots to United States’ traditional rivals. Admiral Tributs, an anti-submarine vessel, and a sea tanker Boris Butoma, arrived late on Tuesday for a four-day goodwill visit, with its crew expected to demonstrate anti-terrorism capability and hold talks, said Rear Admiral Eduard Mikhailov, head of the Flotilla of the Russian Navy Pacific Fleet.

Russian destroyer Admiral Tributs has docked at the Manila South Harbor

The warships arrived in the region on Tuesday as Russian Navy Rear Admiral Eduard Mikhailov proclaimed a joint mission between Manila and Moscow to target the region’s two most pressing security concerns, maritime piracy and terrorism. The Rear Admiral said that “we’re very sure in the future” Russia and the Philippines will “get such exercises, maybe just the maneuvering.” Alternatively, “maybe just use some combat systems and so on,” he noted, so as not to tip Russia’s hand concerning its regional naval strategy.

“We will show you what we can do, and we will see what you can do, and show us,” he said, adding that the Russian Navy has carried out exercises with the Indonesian navy.

“The biggest problem now in the world is terrorism and piracy, and all our exercises we have, for example, with you we will have to fight these problems and we will show you what we can do and we will see what you can do and show us,” he added as the Russian navy showcased the warships.

In recent months, Philippine President Rodrigo Duterte signaled a drastic shift from long-standing ties with the US as Manila seeks to bolster relations with traditional US rivals China and Russia. Duterte instructed the nation’s defense ministry to “reformat” drills with Washington, even though the Philippines was once a US territory and the two countries formally agreed to a Mutual Defense Treaty in 1951.

Mikhailov indicated, however, that East Asian players, including China and “maybe” Malaysia could also coordinate with Russian-Philippine training exercises “in a few years.” Maintaining the involvement of these regional partners is crucial for ensuring the stability of the South China Sea, where competing territorial claims continue to fuel geopolitical tensions.

A spokesman for the Philippine Navy told reporters this is the first official interaction with the Russian navy, an arch rival of its former colonial master and closest ally in the region, the United States.

Washington and the Philippines have been holding naval exercises annually but Duterte has instructed the defense ministry to “reformat” drills with Washington, moving away from the …read more

Source: Russia Sends Two Warships To Philippines For Joint Naval Drills

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By Tyler Durden

Bitcoin just topped $1100 for the first time since Dec 2013, bringing it closest to gold ever…

The last time bitcoin approached parity with gold, it marked the top in the virtual currency…

But the current price of gold in bitcoin is now at a record low…

Brings a whole new meaning to the phrase “as good as gold.”

…read more

Source: Bitcoin Nears Parity With Gold

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Rupert Murdoch has a big decision to make: who will he promote to take Megyn Kelly’s slot in Fox News’ prime time lineup? …read more

Source: Who will replace Megyn Kelly at Fox News?

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By Tyler Durden

On the last day of calendar 2016, total US public debt jumped by $98 billion, mostly as a result of end of quarter Social Security debt allocation, which accounted for $70.4 billion of the daily increase. As a result, total US government debt on December 30, 2016 was $19,976,826,951,047.80.

This compares to $18,922,179,009,420.89 on the last day of 2015 and means that the increase in US federal debt in 2016 was just over $1 trillion, or $1,054,647,941,626.91 to be specific.

Putting this increase in context, during Barack Obama’s time in office, federal debt has increased by $9,349,949,902,134.72, or 88%, rising from $10,626,877,048,913.08 on Jan. 20, 2009, the day of Obama’s inauguration to $19,976,826,951,047.80 on the last day of 2016.

That equals $78,553.84 for each of the 119,026,000 households in the country as of September.

Our condolences to anyone who doubted that Obama would be able to hit $20 trillion in Federal debt before leaving the White House.

* * *

For a somewhat amusing take on this disturbing statistics, here is Simon Black with: “US national debt soars by $100 billion. . . in just 8 hours”

According to the latest statement issued yesterday afternoon by the Department of Treasury, the US national debt has reached $19,976,826,951,047.80.

That’s $19.976 trillion, as of the close of business on Friday December 30, 2016.

(The government is typically a day or two behind when it sends out these reports.)

That number itself is obviously remarkable, just shy of $20 trillion.

But what’s even more astounding is that, according to the Treasury Department’s own figures, they STARTED the day with a debt level of ‘just’ $19.879 trillion.

So literally in the span of a single 8-hour workday, the US government amassed an astonishing $97 billion in debt.

That’s simply incredible– $97 billion is larger than the entire GDP of New Mexico or Luxembourg. In 8 hours.

I review these reports every single day. Needless to say, an increase of this magnitude occurs… almost never.

And when I saw it yesterday afternoon, the “Holy Shit!” that came out of my mouth caused a rush of staff into my office asking “What happened?!?”

As I recovered from my shock, I explained that the US federal government had increased its debt by nearly $100 billion in a single day, to which one of them asked,

“What did they buy?”

I thought it a brilliant question, almost child-like in its simplicity. Indeed. What did they buy?

How many aircraft carriers did they purchase?

How many colonies on Mars did they build?

Did President $20,000,000,000,000BAMA acquire a controlling stake in the Walt Disney corporation on behalf of the taxpayers of the United States?

Did Congress suddenly recapitalize the FDIC, or any one of the half-dozen insolvent US trust funds?

Perhaps they fixed a decent portion of the nation’s crumbling infrastructure.

Or maybe they just decided to send a check for almost $1,000 to every household in America.

Nope. None of the above.

The reality is that these people indebted every single taxpayer, including future generations of taxpayers who won’t even be born for decades, with …read more

Source: US Ends 2016 With $19.98 Trillion In Federal Debt; Up $1,054,647,941,626.91

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By Tyler Durden

In an effort to front-run any plans to suggest further problems in US healthcare are due to Republican/Trump meddling, the president-elect tweeted the narrative that should be well understood when it comes to President Obama’s legacy…

Republicans must be careful in that the Dems own the failed ObamaCare disaster, with its poor coverage and massive premium increases……

— Donald J. Trump (@realDonaldTrump) January 4, 2017

like the 116% hike in Arizona. Also, deductibles are so high that it is practically useless. Don’t let the Schumer clowns out of this web…

— Donald J. Trump (@realDonaldTrump) January 4, 2017

This follows yesterday’s initiation of the process to repeal Obamacare and Chuck Schumer’s comments that “GOP will regret making Obamacare repeal the opening issues.”

…read more

Source: Trump Slams "Schumer Clowns" – "Dems Own Failed Obamacare Disaster"

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The global cost of natural catastrophes hit $175 billion in 2016, led by devastating earthquakes in Japan. …read more

Source: Natural disasters caused $175B in damage in 2016

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