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By Tyler Durden

The Euro has been hit this morning, losing some 50 pips following reports in both La Repubblica and Corriere, that Matteo Renzi may stay in power for several weeks before potential early elections in January-February of 2017. According to La Repubblica, Renzi may ask that early elections are held in near future in return for staying in power until then. As previously reported, the next Italian general election must be held no later than 23rd May 2018.

The move has pressured other Italian assets, with BTP futures retreating from highs and the Italian bank index paring gains as investors focus on potential for Italian elections to be held early next year.

However, there has been some confusion about the date of the snap elections, because President Mattarella reportedly doesn’t see elections in February technically feasible because changes are needed to the country’s election law known as Italicum.

There is another consideration: should snap elections be hald soon, they would likely lead to a victory for Italy’s anti-establishment Five Star Movement, which as noted on Sunday has already called for immediate elections after the outgoing prime minister Matteo Renzi’s defeat in a constitutional referendum, saying it was prepared to put forward a new government that could immediately assume power.

While it appears unlikely that Beppe Grillo, a former comedian and co-founder of the populist party, will get his general election wish, the bold demand showed his Movimento Cinque Stelle (M5S) now has its sights on an even greater electoral victory: one that would eventually land it in the prime minster’s residence in Palazzo Chigi.

As the Guardian reported, many analysts pointed out that M5S still faces considerable obstacles, including probable reforms of electoral law that will make it difficult for the party to get a majority. “But even if such manoeuvres keep it at bay temporarily, one thing is clear: the party is now the second most powerful force in Italy behind Renzi’s diminished Democratic party.”

Vincenzo Scarpetta, a senior policy analyst at the thinktank Open Europe, said M5S would have a fair chance of winning the next general election under current electoral rules, but those rules are likely to change in coming months under the current Democratic-controlled parliament, which may be the impetus behind delaying elections as much as possible, and why today’s report of early snap elections has led to Euro weakness.

The decision to call immediate elections ultimately falls with Italy’s president, Sergio Mattarella.

…read more

Source: Euro, BTPs Hit On Local Reports Italy May Hold Early Elections

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Chinese investment firm SinoFortone has taken over the pub where Xi Jinping and David Cameron once had a beer together. …read more

Source: Chinese company buys U.K. prime minister’s local pub

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By Tyler Durden

“Everybody cut loose”.. but be prepared to pay for it in Europe. As Martin Armstrong notes, if you dance in a bar in Brussels, you must pay a tax!

The patrons of Bonnefooi, a cafe in the center of Brussels, last week received a visit from a City inspector.

The inspector asked them to pay the “tax dance.” Yes you read correctly. Brussels has a “dancing tax” written in the 50?s and as the government needs money, they have “revitalized” this tax since 2014.

For every customer who dances in a bar the owner has to pay €0.40 per night. They sent incognito civil servants to uphold this law.

There is an endless supply of old laws still on the books that have not been enforced, yet could be to raise money. In Florida, you are not allowed to have construction workers around on weekends. In some states, old laws required you to pull your car off the road if it frightened a horse. If the horse was still terrified, you were required to dissemble your car until the horse was calm.

They tried outlawing condoms back in the 1950s. That went to the U.S. Supreme Court in 1965 under Griswold v. Connecticut (1965), where the Supreme Court ruled that a state’s ban on the use of contraceptives violated the right to marital privacy. The case concerned a Connecticut law that criminalized the encouragement or use of birth control. Since the Supreme Court upheld Obamacare as a tax, anything goes. They can put a special tax on condoms and get away with that one and rake in billions.

Welcome to the world of collapsing socialism. This is where government get's to rip us all off to survive.

…read more

Source: ‘Footloose’ Comes To Brussels – Europe Unleashes "Dance Tax"

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By Tyler Durden

Back in November 2015, when the world (or at least parts of it) was trying to answer one simple question: where does ISIS get its money, we first provided the answer in “Meet The Man Who Funds ISIS: Bilal Erdogan, The Son Of Turkey’s President.” Subsequent articles such as “ISIS Oil Trade Full Frontal: “Raqqa’s Rockefellers”, Bilal Erdogan, KRG Crude, And The Israel Connection” only shed more light on the illegal cash-for-oil transfer taking place between Turkey’s ruling family and the Islamic State. Ultimately, the highly illegal bilateral trade (which the west had quietly averted its attention away from) faded and eventually stopped entirely following the expansion of the Russian bombing campaign which cut off the main trade routes between Turkey and Islamic State oil producers, which in some ways was good news for Turkey, as it avoided being shamed internationally for its role in supporting the terrorist organization.

That, however, changed today following today’s article by the Press Project which has found WikiLeaks evidence highlighting “sinister relations between Erdogan and ISIS” and transformed yet another conspiracy theory into non-conspiratorial fact.

As author Thanos Kamilialis writes, the connection of the Turkish president Recep Tayyip Erdoga?s family with the oil smuggling of the “Islamic State” is revealed after Wikileaks? revealing of emails from the Turkish energy minister, and Erdogan?s son-in-law, Berat Albayrak. Albayrak?s emails seem to confirm the not-so-recent accusations, since the energy minister is appealing to be the “unofficial” owner of the oil company Powertrance which is importing oil from the Isis land in Northern Irak to Turkey.

This is the full story of the relationship between Turkey and the Islamic State:

WikiLeaks documents highlight sinister relations between Erdogan and ISIS

At the end of September 2015 a Turkish Marxist hacking organization, Red Hack, claimed that it has access to almost 20 gigabyte of data from Albayrak’s personal email accounts. Information and articles regarding the email’s content began to go online, however the Turkish justice system decided against the publication and reproduction of the emails, thus implying their authenticity. The newest accusations that the Turkish government – and, specifically, members of Erdogan’s family- has an active role in the oil smuggling from areas that are controlled by the “Islamic State”, were between the most important subjects that were temporarily released. The leaking of all the emails from the Turkish energy minister by Wikileaks seem to confirm these allegations.

The accusations against the Turkish government -and most specifically, Albayrak- became even more intense after the shooting down of the Russian aircraft by the Turkish forces on the 24th of November 2015. As well as imposing sanctions to Turkey, Russia also accused Erdogan and his family of involvement in the oil smuggling. In order to support those accusations, Russia delivered satellite images which reveal the routes of the oil from the ISIS grounds to Turkey. A similar research was conducted by the ministry of Foreign Affairs of Norway and came to the conclusion that the …read more

Source: WikiLeaks Documents Reveal Sinister Relations Between Erdogan And ISIS

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By Tyler Durden

Submitted by Brian Cloughley via Strategic-Culture.org,

Britain, China, France, Russia and the United States are the world’s five “nuclear weapons states?, a description officially recognised in the Nuclear Non-Proliferation Treaty (NPT), which lays down that “each nuclear-weapon State Party to the Treaty undertakes not to transfer to any recipient whatsoever nuclear weapons or other nuclear explosive devices…?

It is apparent that the word ‘transfer’ involves ownership and not location, because the United States has transferred many nuclear weapons to countries which, although members of the US-NATO military alliance, are not nuclear weapons states. An analysis by the Nuclear Threat Initiative indicates that the US has positioned 160-200 B-61 nuclear warheads “at six bases in five NATO countries: Belgium (10-20), Germany (10-20), Italy (60-70), Netherlands (10-20), and Turkey (60-70)?.

According to a NATO statement of December 2015, “A number of NATO member countries contribute a dual-capable aircraft (DCA) capability to the Alliance. These aircraft are available for nuclear roles at various levels of readiness – the highest level of readiness is measured in weeks. In their nuclear role, the aircraft are equipped to carry nuclear bombs and personnel are trained accordingly?.

The claim that the readiness level is measured in weeks is intriguing, because, as indicated in the US-NATO Readiness Action Plan of October 2015, the entire alliance is gearing up for war against Russia and, among other blatantly provocative initiatives, is “Raising the readiness and capabilities of the Multinational Corps Northeast Headquarters in Szczecin, Poland and enhancing its role as a hub for regional cooperation?.

NATO’s policy of confrontation with Russia is causing some disquiet in western Europe, whose citizens are kept in the dark about the depth and demands of the military alliance to which their countries are committed, such as their aircraft being “equipped to carry nuclear bombs?. It is policy that the US B-61 nuclear weapons stored in Europe are delivered to targets by aircraft of the Belgian, Dutch, German and Italian air forces.

NATO declares that “Nuclear weapons are a core component of the Alliance’s overall capabilities for deterrence and defence alongside conventional and missile defence forces?. This strategy was approved at its 2012 Summit in Chicago, but had been evident for many years and had been continued in spite of the ending of the Cold War against the Soviet Union, a quarter of a century ago. Since then NATO has maintained a firm nuclear posture, but the question that was never asked in the post-Cold War years of NATO’s expansion towards Russia’s borders was “against whom are your nuclear weapons directed??

There could be only one target country. What nation other than Russia could possibly interest the US-NATO military alliance? It is unlikely that the Brussels headquarters of NATO, the regional office of the Pentagon, is considering using nuclear weapons against any other country in the world. Even in the course of its catastrophic wars in Afghanistan and Libya it couldn’t have possibly considered a nuclear option.

Large numbers of US nuclear …read more

Source: Make No Mistake: Russia Remains The Only Target Country Of NATO’s Nuclear Weapons

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By Tyler Durden

The former deputy campaign manager for Bernie Sanders, Richard Pelletier, has sent a letter to Project Veritas threatening a lawsuit over his recording of a phone call, which Pelletier claims violated Nevada wiretapping laws. The phone call was related to the following undercover video published by Project Veritas back in February, potentially revealing that the Bernie campaign violated campaign finance laws by funding members of the Australian Labor Party to “deface and/or destroy campaign materials and signs of Sanders’ opponents — on both sides of the political aisle.”

In response to the lawsuit threat, Project Veritas Assistant Communications Director, Luara Loomer, told Sputnik News simply that they too would be “pursuing justice” after “The Bernie Sanders campaign committed an egregious violation of campaign finance law.”

Of course, the undercover video, published back in February, potentially reveals the violation of several federal laws including enlisting the help of a foreign national with a federal election and tampering with “political advertising which is placed on or affixed to public property or any private property.”

Federal election law prohibits a foreign national from directly or indirectly contributing money or any other thing of value to a Federal, state, or local election. This includes the payment by any person of compensation for the personal services of another person which are rendered to a political committee without charge for any purpose.

“The payment for the personal services of another person if those services are rendered without charge to a political committee for any purpose, except for legal and accounting services… is a contribution,: 52 U.S.C. 30101(8)(A) explains.

The volunteers were allegedly used to deface and/or destroy campaign materials and signs of Sanders’ opponents — on both sides of the political aisle.

Stealing or vandalizing political advertisement is illegal, the law states “no person shall remove, deface,or knowingly destroy any political advertising which is placed on or affixed to public property or any private property.”

In the video released by Project Veritas, the Australian nationals are seen stealing Trump signs. The footage also features a recording of Australian citizen Rebecca Doyle stating “they [the ALP] pay for our flights, they pay for the cost of accommodation, which is just the staff house, and then we get $60 stipend per day.”

So while the Washington Post and other mainstream media outlets continue to blast alleged election tampering by “Russian” agents, we expect their advice would be that you promptly ignore this documented evidence of actual election tampering by full-time employees of Australia’s Labor Party.

Here is the full letter sent to Project Veritas by Pelletier’s Attorney:

…read more

Source: Bernie Camp Threatens To Sue Project Veritas After Video Revealed "Egregious Violation Of Campaign Finance Law"

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By Tyler Durden

The former deputy campaign manager for Bernie Sanders, Richard Pelletier, has sent a letter to Project Veritas threatening a lawsuit over his recording of a phone call, which Pelletier claims violated Nevada wiretapping laws. The phone call was related to the following undercover video published by Project Veritas back in February, potentially revealing that the Bernie campaign violated campaign finance laws by funding members of the Australian Labor Party to “deface and/or destroy campaign materials and signs of Sanders’ opponents — on both sides of the political aisle.”

In response to the lawsuit threat, Project Veritas Assistant Communications Director, Luara Loomer, told Sputnik News simply that they too would be “pursuing justice” after “The Bernie Sanders campaign committed an egregious violation of campaign finance law.”

Of course, the undercover video, published back in February, potentially reveals the violation of several federal laws including enlisting the help of a foreign national with a federal election and tampering with “political advertising which is placed on or affixed to public property or any private property.”

Federal election law prohibits a foreign national from directly or indirectly contributing money or any other thing of value to a Federal, state, or local election. This includes the payment by any person of compensation for the personal services of another person which are rendered to a political committee without charge for any purpose.

“The payment for the personal services of another person if those services are rendered without charge to a political committee for any purpose, except for legal and accounting services… is a contribution,: 52 U.S.C. 30101(8)(A) explains.

The volunteers were allegedly used to deface and/or destroy campaign materials and signs of Sanders’ opponents — on both sides of the political aisle.

Stealing or vandalizing political advertisement is illegal, the law states “no person shall remove, deface,or knowingly destroy any political advertising which is placed on or affixed to public property or any private property.”

In the video released by Project Veritas, the Australian nationals are seen stealing Trump signs. The footage also features a recording of Australian citizen Rebecca Doyle stating “they [the ALP] pay for our flights, they pay for the cost of accommodation, which is just the staff house, and then we get $60 stipend per day.”

So while the Washington Post and other mainstream media outlets continue to blast alleged election tampering by “Russian” agents, we expect their advice would be that you promptly ignore this documented evidence of actual election tampering by full-time employees of Australia’s Labor Party.

Here is the full letter sent to Project Veritas by Pelletier’s Attorney:

…read more

Source: Bernie Camp Threatens To Sue Project Veritas After Video Revealed "Egregious Violation Of Campaign Finance Law"

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By Tyler Durden

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

This past Friday, Reuters published one of the most important articles I’ve read in a while relative to the attention being paid to the issue. It details a streamlined practice through which Chinese “education” companies essentially bribe college admissions officers at top U.S. universities to accept tuition paying Chinese students. It’d be bad enough if these students were actually qualified, but in many cases these companies complete the entirety of the applications for the students, including writing their essays. It’s not uncommon for these student-clients to never see their own applications.

Naturally, these companies couldn’t pull off their sleazy scam without willing American partners. Enter Thomas Benson and Stephen Gessner, two eager-beaver members of our nation’s celebrated — earn as much money as possible however possible without regard to the negative consequences to your fellow Americans — class. The entire story will make you sick, and it’s just further proof of how cronyism, bribery and a complete lack of ethics has fully penetrated into virtually every single facet of American life. It’s symptomatic of the debased, crooked Banana Republic economy we have become.

Without further ado, here are some excerpts from the must read article, How Top U.S. Colleges Hooked Up With Controversial Chinese Companies:

SHANGHAI/SHELTER ISLAND, New York – Thomas Benson once ran a small liberal arts college in Vermont. Stephen Gessner served as president of the school board for New York’s Shelter Island.

More recently, they’ve been opening doors for Chinese education companies seeking a competitive edge: getting their students direct access to admissions officers at top U.S. universities.

Over the past seven years, Benson and Gessner have worked as consultants for three major Chinese companies. They recruited dozens of U.S. admissions officers to fly to China and meet in person with the companies’ student clients, with the companies picking up most of the travel expenses. Among the schools that participated: Cornell University, the University of Chicago, Stanford University and the University of California, Berkeley.

Two companies Benson and Gessner have represented – New Oriental Education & Technology Group Inc and Dipont Education Management Group – offer services to students that go far beyond meet-and-greets with admissions officers.

Eight former and current New Oriental employees and 17 former Dipont employees told Reuters the firms have engaged in college application fraud, including writing application essays and teacher recommendations, and falsifying high school transcripts.

The New Oriental employees said most clients lacked the language skills to write their own essays or personal statements, so counselors wrote them; only the top students did original work. New Oriental and Dipont deny condoning or wittingly engaging in application fraud.

Building on a model they pioneered for Dipont, Benson and Gessner helped New Oriental introduce its clients to U.S. admissions officers, linchpin players in the fast-growing business of supplying Chinese students a prestigious American education.

Beijing-based New Oriental is a behemoth. Founded in 1993, the company is China’s largest provider of private education services, serving …read more

Source: How U.S. Colleges Sell Enrollment to the Highest Bidders

    

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