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Which Comes First – Dow 20k Or $1000 Bitcoin?

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By Tyler Durden

For 10 straight days, progonosticators have promised that the Dow Jones Industrial Average will break gloriously above 20,000 for the first time in history, proving how great the economy must be (or will be) and leading investors to the next secular bull leg of this miracle of wall street.

So far it hasn't happened… (Dow +11.75% post-Trump)

But halfway around the world, Chinese fears (of capital controls and devaluation) have sparked an exodus into alternative currencies – most notably Bitcoin as it soars towards $1000. (BTC +42% post-Trump)

So which comes first – the greed of Dow 20,000 or the fear of $1000 Bitcoin?

…read more

Source: Which Comes First – Dow 20k Or $1000 Bitcoin?

    

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Trump Tweets "Thanks Donald" For Highest Consumer Confidence In 15 Years

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By Tyler Durden

When we observed yesterday that according to the latest Conference Board data, US consumer confidence had soared to 113.7, the highest print since August 2001, we had just one question: would Trump take credit for the spike…

… which even the organization behind the index admitted was driven entirely by hope in the Trump administration, as the rebound was “due solely to increasing Expectations which hit a 13-year high”

The post-election surge in optimism for the economy, jobs and income prospects, as well as for stock prices which reached a 13-year high, was most pronounced among older consumers.”

Meanwhile, absent hope for the future, reality for most US consumers deteriorated and their assessment of current conditions declined, with those saying business conditions are “good” decreased slightly from 29.7 percent to 29.2 percent, while those saying business conditions are “bad” increased from 15.2 percent to 17.3 percent.

As the Conference Board correctly notes, consumers’ “continued optimism will depend
on whether or not their expectations are realized.”

One person, however, who is quite confident the surge in confidence will continue, was President-elect Donald Trump, who in a late Tuesday night tweet, credited himself for the surge in optimism on Twitter, writing “Thanks Donald!”

The U.S. Consumer Confidence Index for December surged nearly four points to 113.7, THE HIGHEST LEVEL IN MORE THAN 15 YEARS! Thanks Donald!

— Donald J. Trump (@realDonaldTrump) December 28, 2016

Trump’s latest tweet follows a similar one from Monday night when he tweeted that “The world was gloomy before I won – there was no hope. Now the market is up nearly 10% and Christmas spending is over a trillion dollars!”

The world was gloomy before I won – there was no hope. Now the market is up nearly 10% and Christmas spending is over a trillion dollars!

— Donald J. Trump (@realDonaldTrump) December 26, 2016

As we asked on Monday, “we wonder what Trump will sat if/when Goldman Sachs stops rising and stocks tumble (“never gonna happen”, probably The Fed’s fault after all), but perhaps even more importantly, how does he feel about the $1.2 trillion of value he has erased from global capital markets (equity and debt) since his election?”

For now Trump is clearly eager to take credit for the surge in markets to record highs, as well as the associated surge in consumer confidence, both of which however have been driven by market hopes that Trump will reflate assets, something which was clearly lost on the latest UMichigan consumer confidence survey which showed US inflation expectations are the lowest on record. We doubt he will be as vocal when the hangover from the recent rally finally hits, unless of course, stocks manage to last the next four years without any corrections, an otherwise laughable prospect which however in this strange “new abnormal”, has to be taken quite seriously.

Government Destroys Couple’s Rights Over Rainwater: "If You’re Honest, They Take Everything Away"

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By Tyler Durden

With each passing year, SHTFPlan.com's Mac Slavo notes there are more and more challenges to personal property and individual sovereignty.

Despite the resilience it lends to our national security, the government has proven again and again that it wishes to clamp down on the ability to prep, survive and self-sustain off grid, and without the need for the system’s supply chain.

You can hardly build your own place, grow your own food, collect your own water or take care of yourself without the intervention of those in authority. There is need to push back against this continued intrusion of our lives.

Couple Forced to Destroy 40-Year-Old Pond On Their Own Property Because Govt Owns The Rainwater

Authored by Claire Bernish via The Free Thought Project,

An Oregon couple has been told they must destroy a 2-acre pond on their land — the property’s most attractive feature — because the government said so.

Although Jon and Sabrina Carey purchased the 10-acre property near Butte Falls two and a half years ago, the pond has been in place for 40 years — but that fact doesn’t matter to the Jackson County Watermaster’s Office.

“I basically bought a lemon,” said Jon, who became teary-eyed at the edge of the partially ice-covered body of water being targeted by government, in an interview with the Mail Tribune. “That’s how they explained it to me.”

But the couple desperately wants to keep the stunning longstanding feature in tact, so, as the Mail Tribune reports, the Careys have “pleaded with the Medford Water Commission to adopt the pond and treat it as a municipal water source, something Jackson County Watermaster Larry Menteer has opposed because of the precedent it would set.

“The Water Commission has rights to the watershed around the Careys’ property, where dozens, if not hundreds, of ponds are located, as well as Medford’s primary source of water, Big Butte Springs.”

And the Careys aren’t the only people in the watershed who’ve had difficulties with, well, ‘the government’s’ water.

Eagle Point resident Gary Harrington spent 90 days in jail for illegally harboring some 13 million gallons of illicit rainwater — that’s enough rain to fill around 20 Olympic-sized swimming pools.

Harrington masterfully crafted several ponds on his property — even building docks for one, and stocking it with largemouth bass — but his insistence the water would assist in fire control and prevention didn’t satisfy the government, since a “1925 state law dictates that the water belongs to the Medford Water Commission.”

As Mother Nature Network‘s Matt Hickman reported in 2012,

The bigger story here is that rainwater collection is indeed kosher in Oregon, provided that you’re capturing it from an artificial, impervious surface such as a rooftop with the assistance of rainwater barrels. But an extensive reservoir set-up complete with 10- and 20-foot-tall dams is verboten without the proper, state-issued water-right permits — after all, Oregon law dictates that water is a publicly owned resource — and Harrington did not possess said permits.

Harrington and the Oregon Water Resources Department waged an extended <a target=_blank rel="nofollow" …read more

Source: Government Destroys Couple’s Rights Over Rainwater: "If You’re Honest, They Take Everything Away"

    

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The big economies that suffered in 2016

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for latest details. …read more

Source: The big economies that suffered in 2016

    

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Toshiba shares plummet 20%

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Toshiba’s stock is tanking after the company flagged huge losses for its nuclear business. …read more

Source: Toshiba shares plummet 20%

    

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China Rattles Sabre – Tests Prototype Fifth-Generation Stealth Fighter

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By Tyler Durden

As president-elect Trump plays Boeing and Lockheed off against each other, China flexed its military muscles once again – after sending its aircraft carrier Liaoning into the western Pacific – by testing the latest version of its fifth-generation stealth fighter, state media reported on Monday, as it tries to end the West’s monopoly on the world’s most advanced warplanes.

As The South China Morning Post reports, the newest version of the J-31, now renamed the FC-31 Gyrfalcon, took to the air for the first time on Friday, the China Daily reported.

The so-called “fifth-generation” twin engine jet is China’s answer to the US F-35, the world’s most technically advanced fighter.

The new FC-31 has “better stealth capabilities, improved electronic equipment and a larger payload capacity” than the previous version which debuted in October 2012, the newspaper said, quoting aviation expert Wu Peixin.

“Changes were made to the airframe, wings and vertical tails which make it leaner, lighter and more manoeuvrable,” Wu told the paper.

The jet is manufactured by Shenyang Aircraft Corp, a subsidiary of the Aviation Industry Corp of China.

The manufacturer has said that the FC-31 will “put an end to some nations’ monopolies on the fifth-generation fighter jet”, the China Daily reported.

…read more

Source: China Rattles Sabre – Tests Prototype Fifth-Generation Stealth Fighter

    

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Scientist Warns That Gene Editing Could Wipe Out Future Generations Of Geniuses

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By Tyler Durden

Submitted by Josepth Jankowski via PlanetFreeWill.com,

While the development of new genome-editing technology that could one day ensure that children do not inherit unwanted diseases and disorders sounds like a magnificent breakthrough, one scientist is warning that the latest technology runs the risk of eliminating future geniuses like Thomas Edison and Stephen Hawking.

According to Dr. Jim Kozubek, author of Modern Prometheus, eliminating conditions such as depression, autism, schizophrenia or Asperger's through the new Crispr-Cas9 human genome editing technology runs the risk of seeing future generations of geniuses wiped out.

Express reports:

Dr Kozubek said a world without depression, autism, schizophrenia or Asperger’s might also mean one without the likes of playwright Tennessee Williams, as figures show that writers are ten times more like to suffer from bipolar than the general population and poets are 40 times more likely to be diagnosed with it.

Dr Kozubek said: “Thomas Edison was ‘addled’ and kicked out of school. Tennessee Williams, as a teenager on the boulevards of Paris felt afraid of ‘the process of thought’ and came within ‘a hairsbreadth of going quite mad’.

Kozubek says that “Darwin showed us that evolution does not progress toward an ideal concept or model, but rather is a work of tinkering toward adaptation in local niches.”

He added that a condition like autism should be thought of as a “gift” that has made its was through human genes for millions of years.

“Before we begin modifying our genes with gene editing tools such as Crispr-Cas9, we’d be smart to recall that genetic variants that contribute to psychiatric conditions may even be beneficial depending on the environment or genetic background,” Kozubek said.

Crispr-Cas9 is a new technology that enables geneticists and medical researchers to edit parts of the genome by removing, adding or altering sections of the DNA sequence.

Dr. Kozubek’s rather shocking warning comes as human trials using Crispr are already underway inside the United States.

The first human trials involving the method began in China where oncologists at Sichuan University were the first in the world to insert Crispr edited cells into a patient suffering from an aggressive form of lung cancer.

Last year, British scientists at the University College London used a similar gene editing technique to help a 17-month-old girl with leukemia.

Researchers from the Perelman School of Medicine at the University of Pennsylvania have recently used CRISPR/Cas9 gene targeting system to mice to treat hemophilia B.

…read more

Source: Scientist Warns That Gene Editing Could Wipe Out Future Generations Of Geniuses

    

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Europe Proposes Confiscating Gold In Crackdown On "Terrorist Financing"

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By Tyler Durden

Hot on the heels of China gold import restrictions, and India's demonetization and gold confiscations, The European Commission proposed tightening controls on cash and precious metals transfers from outside the EU under the guise of shutting down one route for funding of militant attacks on the continent, following the Berlin Christmas attack.

China has already begun de facto gold import restrictions, and as Jayant Bhandari detailed previously, India is experiencing a continuation of new social engineering notifications, each sabotaging wealth-creation, confiscating people’s wealth, and tyrannizing those who refuse to be a part of the herd, in the process destroying the very backbone of the economy and civilization. There are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal. Expect capital controls to follow.

And now, as Reuters reports, it appears last Monday's attack on a Christmas market in Berlin, where 12 people were killed as a truck ploughed into a crowd, has given The European Commission just the excuse to tighten capital controls – specifically cash and precious metals – into and out of Europe.

It is part of an EU “action plan against terrorist financing” unveiled after the bombings and shootings in Paris in November 2015.

Under the new proposals, customs officials in European Union states can step up checks on cash and prepaid payment cards sent by post or in freight shipments.

Authorities will also be able to seize cash or precious metals carried by suspect individuals entering the EU.

People carrying more than 10,000 euros (8,413.56 pounds) in cash already have to declare this at customs when entering the EU. The new rules would allow authorities to seize money below that threshold “where there are suspicions of criminal activity,” the EU executive commission said in a note.

EU officials said some of the recent attacks in Europe were carried out with limited funds, sometimes sent from outside the EU by criminal networks.

The Commission is also considering whether to set up an EU-focussed “terrorist finance tracking programme” along the lines of the U.S.-EU TFTP, which has long been opposed by EU lawmakers and privacy campaigners because it allows widespread checks on consumers' bank transfers.

The plan complements Commission proposals after the Paris attacks to tighten controls on virtual currencies such as bitcoin, and prepaid cards, which French authorities said were used to fund the bombings.

EU states backed these proposals on Tuesday. Under the deal, which still needs European Parliament approval, holders of prepaid cards would have to show some form of identity when they make payments of 150 euros or more.

But it gets better…

The Commission is also proposing common rules for the 28 EU countries on freezing “terrorists' financial resources” and on confiscating assets even from those thought to be connected to criminals.

So – cash, bitcoin, precious metals, and prepaid cards over $150 are all instruments of the “terrorists” and are now open to confiscation if you are a suspicious person… which, by their rhetoric, you are …read more

Source: Europe Proposes Confiscating Gold In Crackdown On "Terrorist Financing"

    

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Circle January 15th: 70 Nations Will Gather In Paris To Discuss The Creation Of A Palestinian State

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By Michael Snyder

15-ball-public-domain

On January 15th, representatives from 70 different countries will gather in Paris, France for an unprecedented global conference.  The stated goal of this conference is to promote a “two-state solution” as the way that lasting peace will be brought to the Middle East.  In Israel, there is a tremendous amount of concern that whatever is agreed upon at this conference will immediately be used as the basis for a UN Security Council resolution that would permanently divide the land of Israel and create a Palestinian state.  But things would have to move very rapidly in order for that to happen, because Barack Obama’s time in the White House comes to an end on January 20th, and Donald Trump has already made it exceedingly clear that he would never support such a resolution.

The UN Security Council resolution that was passed on Friday was one of the most significant events that we have witnessed in decades.  Resolution 2334 made all Israeli settlements in the West Bank and in East Jerusalem illegal, it set the 1967 ceasefire lines as the border between the Israelis and the Palestinians, and it granted every single inch of East Jerusalem to the Palestinians.  But it stopped short of giving official UN Security Council recognition to a Palestinian state, and that is why this conference on January 15th is so important.

On Wednesday, U.S. Secretary of State John Kerry will lay out a plan which many believe will serve as the blueprint for the upcoming conference in Paris.  This is something that I discussed yesterday.  Apparently Kerry has been working on this for quite some time, and according to the Times of Israel, Jewish officials are fearful that he may propose something drastic…

At a press briefing Tuesday, State Department spokesman Mark Toner confirmed Kerry’s plans for the speech, though he refused to detail whether the top US diplomat would use the opportunity to announce a new American initiative, which officials in Jerusalem fear he may.

Toner said the secretary holds the conviction that “it is his duty in his remaining weeks and days as secretary of state to lay out what he believes is a way towards a two-state solution” and that “it’s always important to keep the process moving forward.”

If Kerry’s plan is embraced by the conference in Paris, it is anticipated by many that it would serve as the basis for a UN Security Council resolution that would formally create a Palestinian state before Donald Trump is inaugurated on January 20th.  The following comes from the Guardian

The Israeli government is reportedly fearful that any guidelines agreed in Paris would be turned into another UN resolution before Trump’s inauguration, and it has ratcheted up its rhetoric, presenting itself as the victim of an international conspiracy.

A spokesman for Netanyahu claimed to have “ironclad evidence” that the Obama administration had plotted behind the scenes to promote the UN resolution. Israel has said it will <a target=_blank rel="nofollow" href="https://www.theguardian.com/world/2016/dec/26/israel-un-resolution-settlements-obama-trump" data-link-name="in …read more

Source: Circle January 15th: 70 Nations Will Gather In Paris To Discuss The Creation Of A Palestinian State

    

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CNBC’s John Harwood Blames "White Fear" For Democrat Losses Under Obama

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By Tyler Durden

In the months leading up the 2016 election, daily WikiLeaks dumps repeatedly exposed CNBC’s John Harwood as nothing more than a pawn of the Hillary Clinton campaign who constantly behaved like a subservient puppy who would stop at nothing to garner his master’s love and affection (see our posts on the topic here and here). And while the embarrassment of being exposed as a complete fraud would be sufficient motivation for most people to actually start performing their jobs with some level of integrity, John Harwood is apparently immune to the side effects of public humiliation that afflict the masses.

As the latest testament to his extreme impartiality as CNBC’s chief Washington Correspondent, Harwood sent out the following tweet storm aimed at all of “those making [the] silly argument that Obama hurt [the] Democratic Party” to confirm, once and for all, that “white fear” (aka racism) was responsible for democratic losses in Congress under Obama’s leadership and not his failed policies.

for those making silly argument that Obama hurt Democratic Party: last 5 presidents have left both houses of Congress in opposition hands

— John Harwood (@JohnJHarwood) December 27, 2016

drivers of D casualties under Obama: a) depth of financial crisis/Great Recession b) accumulated angst over 30-year income stagnation 1/2

— John Harwood (@JohnJHarwood) December 27, 2016

drivers of D casualties under Obama: c) effective/unified R opposition, esp to ACA; d) Obama’s race amid white fear of cultural change 2/2

— John Harwood (@JohnJHarwood) December 27, 2016

among 2-term presidents, Clinton/Bush/Obama all began w/both houses of Congress run by their party, saw both flip. Reagan had & lost Senate

— John Harwood (@JohnJHarwood) December 27, 2016

If true, perhaps Mr. Harwood could explain to us why the “racist” and “angry” white people of Michigan, Wisconsin and Pennsylvania voted for Obama by margins of 10-20 points in 2008 before suddenly turning on Democrats in 2016? Did those people who voted overwhelmingly for the first black President in U.S. history in 2008 suddenly become racists over the course of 8 years? Or, is it just maybe possible that those people were disappointed that Obama’s “Hope and Change” rhetoric turned out to be nothing more than a pretty speech by yet another superficial politician?

…read more

Source: CNBC’s John Harwood Blames "White Fear" For Democrat Losses Under Obama

    

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