Black Trump Supporter Exposes Truth About "The Black Vote"
By Tyler Durden
Submitted by Kristin Campbell via ConservativeTribune.com,
Republican presidential hopeful Donald Trump and his supporters have been accused of being “racist,” which isn’t exactly an uncommon label given to Republicans by liberals.
However, one black Trump supporter recently dropped an epic truth bomb about what black voters really want out of the American dream, and if true, it should have them lining up to vote Republican in massive numbers.
Podcaster and blogger Sonnie Johnson told Breitbart that many black voters fully understand and support Trump’s message of wealth over poverty.
“This message is very simple,” Johnson said. “It is wealth over poverty. If you do not think that blacks understand that message, you have lost your entire mind.”
The outspoken conservative explained that black Americans were “tired of living in poverty.”
“We want greatness. We do not want to be dependent. We do not want free s***,” she said. “We want to be able to operate in the American system, just the way every other American operates, and that takes wealth.”
Johnson said she believed that Republicans had an opportunity this year to “crack this progressive shell,” which has already sustained some cracks from Trump’s campaign.
In fact, she insisted that black people have already begun to realize that the presumptive GOP nominee’s message was one for all Americans, not just white voters – even if the media doesn’t portray his growing support in the black community.
“If you go back, if you look on Twitter right now, to see all of the blacks that are in support of Donald Trump, every stat they show, shows that that support doesn’t exist. Every person they put on says that black people will not support Trump,” Johnson explained.
The blogger considered this election this “chance of a lifetime” when it comes to recruiting black voters to the GOP, but said Republicans must put forth the right message in order to do so.
“If we can … start talking about the American Dream — what it has to offer, what we as the right wing have to offer!” she said. “Freedom, liberty, financial independence, those are things that we can sell.”
Many polls have reported that the black vote comprised a mere 1 percent of Trump’s overall support — something Johnson strongly rejected.
“No way,” she said. “They poll Democrats. They poll people that are used to voting for Democrats and just put their name down. They did not poll average black people.”
These “average black people” are listening to the Republican message of conservative values through Trump, she argued.
You can listen to the entire interview here:
Johnson is right — the Republican Party has more to offer anyone searching for “freedom” or “financial independence.” While Democrat policies have sought to keep black people dependent and on the government dole, conservatism offers the proven concept that smaller government equals more freedom.
German Arms Exports Nearly Double In 2015
By Tyler Durden
The US isn't the only country to can crank up its sales of weapons around the world. As we have pointed out previously, Germany is also a relatively large exporter in the global arms trade.
It turns out that Germany had a booming arms export business in 2015, because as Reuters reports, German arms exports almost doubled last year to their highest level since the beginning of this century. The value of individual approvals granted for exporting arms was €7.86 billion last year compared to €3.97 billion in 2014. Exports were boosted by a the approval of four tanker aircraft for Britain worth €1.1 billion, and a controversial approval of battle tanks and howitzers along with munitions to be sent to Qatar.
From Reuters
Newspaper Welt am Sonntag said the value of individual approvals granted for exporting arms was 7.86 billion euros ($8.75 billion) last year compared with 3.97 billion euros worth of arms exports in 2014.
It said the Economy Ministry had pointed to special factors that boosted arms exports such as the approval of four tanker aircraft for Britain worth 1.1 billion euros.
It also pointed to the approval of battle tanks and tank howitzers along with munitions and accompanying vehicles worth 1.6 billion euros for Qatar – a controversial deal that the report said was approved in 2013 by the previous government.
The Economy Ministry declined to comment on the report.
In February German Economy Minister Sigmar Gabriel said preliminary figures showed that Germany had given approval for around 7.5 billion euros worth of arms shipments in 2015.
The Federal Office for Economics and Export Control (Bafa), a subsidiary of the economy ministry, is responsible for licensing arms export deals and Gabriel had promised to take a much more cautious approach to licensing arms exports, especially with regard to the Middle East.
Germany is one of the world's main arms exporters to EU and NATO countries and has been cutting its sales of light weapons outside those states.
Last year the government rejected 100 applications for arms export approvals – the same number as in the previous year, Welt am Sonntag reported. It said Berlin had given 12,687 applications the green light in 2015 – 597 more than in the previous year.
According to Deutsche Welle, Qatar, a Gulf Arab state has been labeled by German opposition parties as an alleged source of funding for ISIS, which is why the receipt of tanks and heavy artillery, as well as ammunition and accompanying vehicles makes it a controversial sale.
From DW
Qatar, a Gulf Arab state panned by German opposition parties as an alleged source of funding for the “Islamic State” (IS) terror militia, received combat tanks and heavy artillery, as well as ammunition and accompanying vehicles worth 1.6 billion euros.
Economy Minister Sigmar Gabriel, who heads the Social Democrats, had tried to stop the delivery to Qatar but was outvoted by other ministers on Germany's Federal Security Council.
That deal had already been cleared in 2013 by Chancellor …read more
Source: German Arms Exports Nearly Double In 2015
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A Former NYMEX Trader Explains "The Mechanics Of Silver Manipulation"
By Tyler Durden
Submitted Vincent Lanci, as posted originally on Marketslant
The Mechanics of Silver Manipulation
JPMorgan Chase on Wednesday won the dismissal of three private antitrust lawsuits, including from hedge fund manager Daniel Shak, accusing the largest U.S. bank of rigging a market for silver futures contracts traded on COMEX. The lawsuits accused JPMorgan of having in late 2010 and early 2011 placed artificial bids (i.e., spoofing) onto the trading floor, harassed employees at metals market COMEX to obtain prices it wanted (i.e., intimidation) and made misrepresentations to a committee that set settlement prices. (i.e., manipulating settlements).
What follows is how JPM manipulated the silver markets by selling the Silver contango during illiquid hours, then used their deep pockets to push settlements, then waited until margin calls made the large locals puke their positions. JPM in effect stretched the relationship between forward rates and futures spreads until they made no sense anymore. Not unlike a company trading at 50x earnings. It cannot last long. But it only has to last long enough until the guy with the position opposite you has to liquidate. That guy does not have access to cheap money, political influence or the most physical silver in the world in a single vault at his disposal to create a squeeze.
From Reuters:
U.S. District Judge Paul Engelmayer in Manhattan, however, said the plaintiffs, who also included traders Mark Grumet and Thomas Wacker, did not show that JPMorgan made “uneconomic” bids, or intended to rig the market at counterparties’ expense. He also questioned the plaintiffs’ use of Silver Indicative Forward Mid Rates (“SIFO”) as a benchmark for determining proper levels for the spreads in their lawsuits.
Analysis: The demand was fabricated
The market was only partially backwardated. Spot was below the next 6 expirations. Translation: there was no massive demand for immediate delivery. There was only demand in months where the last remaining MEN who took risk trading their own money had positions. JPM’s own book was likely short and had to get liquidity to cover their positions. We knew Shak from our floor days, and were trading spreads off-floor when this happened. They should not have lost this case. Comex traders do not trade physical spot. Spot was under the backwardation. Smoking gun? No, but damning circumstantial evidence in the least.
Reuters Again:
Given the (lawsuits’) failure both to explain why SIFO should track silver futures spreads, and to concretely plead that it did so consistently, a mere general correlation between these two is not sufficient to make SIFO a reliable benchmark such that deviations from it support a claim of irrational pricing animated by anticompetitive aims,” Engelmayer wrote.
Analysis: a poor job was done explaining the role of SIFO in spread pricing.
SIFO represents the spread between expirations of FORWARD physical contracts in silver. The futures spread markets are derivative of the SIFO spreads. SIFO represents the cost-of-carry for physical silver and is used in determining lease/borrow rates over periods of time. These are in-turn extrapolated and the dominant factor in determining futures spreads on COMEX. Comex …read more
Source: A Former NYMEX Trader Explains "The Mechanics Of Silver Manipulation"
"Vince Foster’s Ghost" Reappears – A Blast From The Archive Past
By Tyler Durden
Just a month after Trump called out the Vince Foster “suicide” as “very fishy” to say the least, the documentary “Foster's Ghost” has resurfaced from the archives, detailing the unusual situation surrounding the death of Bill Clinton's best friend and personal lawyer…
According to the WaPo, “Trump said another topic of potential concern is the suicide of former White House aide Vincent Foster, which remains the focus of intense and far-fetched conspiracy theories on the Internet.“
Conspiracy theory or not, the issue of Foster's death may just hit a live nerve in the Clinton campaign, something that is the ultimate goal of Trump.
One issue on Trump’s radar is the 1993 death of Foster, which has been ruled a suicide by law enforcement officials and a subsequent federal investigation. But some voices on the far right have long argued that the Clintons may have been involved in a conspiracy that led to Foster’s death.
He called theories of possible foul play “very serious” and the circumstances of Foster’s death “very fishy.”
“He had intimate knowledge of what was going on,” Trump said, speaking of Foster’s relationship with the Clintons at the time. “He knew everything that was going on, and then all of a sudden he committed suicide.”
He added, “I don’t bring [Foster’s death] up because I don’t know enough to really discuss it. I will say there are people who continue to bring it up because they think it was absolutely a murder. I don’t do that because I don’t think it’s fair.”
As Martin Armstrong explains, it has long been talked about behind the curtain that Vince Foster was murdered in the White House and his body was then moved to a park to ensure the non-controllable police would not have jurisdiction.
The murder was neatly called a suicide claiming Foster was prescribed the anti-depressant medication Trazodone over the phone by his Arkansas doctor, but a small dose that would not have helped. The next day, Foster was found dead in Fort Marcy Park, a federal park in Virginia where jurisdiction could be controlled.
Vince Foster was from the Rose Law firm and knew everything about the Clintons. He was very upset about the investigation into them and was deeply afraid of having to testify. He appears to have been murdered in the White House and his body was then moved to the federal park. Foster was found with a gun in his hand and gunshot residue on that hand. An autopsy determined that he was shot in the mouth and no other wounds were found on his body. But that was just the start of the cover-up. What was withheld, according to investigators I personally know on Capitol Hill, was the fact that a piece of his head where the bullet came out the back was not there. This suggested his body had been removed. But that was just for starters.
Patrick Knowlton is the man who found Foster’s body who disagreed with the “official” facts of …read more
Source: "Vince Foster’s Ghost" Reappears – A Blast From The Archive Past
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"Vince Foster’s Ghost" Reappears – A Blast From The Archive Past
By Tyler Durden
Just a month after Trump called out the Vince Foster “suicide” as “very fishy” to say the least, the documentary “Foster's Ghost” has resurfaced from the archives, detailing the unusual situation surrounding the death of Bill Clinton's best friend and personal lawyer…
According to the WaPo, “Trump said another topic of potential concern is the suicide of former White House aide Vincent Foster, which remains the focus of intense and far-fetched conspiracy theories on the Internet.“
Conspiracy theory or not, the issue of Foster's death may just hit a live nerve in the Clinton campaign, something that is the ultimate goal of Trump.
One issue on Trump’s radar is the 1993 death of Foster, which has been ruled a suicide by law enforcement officials and a subsequent federal investigation. But some voices on the far right have long argued that the Clintons may have been involved in a conspiracy that led to Foster’s death.
He called theories of possible foul play “very serious” and the circumstances of Foster’s death “very fishy.”
“He had intimate knowledge of what was going on,” Trump said, speaking of Foster’s relationship with the Clintons at the time. “He knew everything that was going on, and then all of a sudden he committed suicide.”
He added, “I don’t bring [Foster’s death] up because I don’t know enough to really discuss it. I will say there are people who continue to bring it up because they think it was absolutely a murder. I don’t do that because I don’t think it’s fair.”
As Martin Armstrong explains, it has long been talked about behind the curtain that Vince Foster was murdered in the White House and his body was then moved to a park to ensure the non-controllable police would not have jurisdiction.
The murder was neatly called a suicide claiming Foster was prescribed the anti-depressant medication Trazodone over the phone by his Arkansas doctor, but a small dose that would not have helped. The next day, Foster was found dead in Fort Marcy Park, a federal park in Virginia where jurisdiction could be controlled.
Vince Foster was from the Rose Law firm and knew everything about the Clintons. He was very upset about the investigation into them and was deeply afraid of having to testify. He appears to have been murdered in the White House and his body was then moved to the federal park. Foster was found with a gun in his hand and gunshot residue on that hand. An autopsy determined that he was shot in the mouth and no other wounds were found on his body. But that was just the start of the cover-up. What was withheld, according to investigators I personally know on Capitol Hill, was the fact that a piece of his head where the bullet came out the back was not there. This suggested his body had been removed. But that was just for starters.
Patrick Knowlton is the man who found Foster’s body who disagreed with the “official” facts of …read more
Source: "Vince Foster’s Ghost" Reappears – A Blast From The Archive Past
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Edward Snowden Summarizes America’s Choices (In One Tweet)
By Tyler Durden
It appears America is united in one thing… its hatred of the current choices…
“Laws control the lesser man, right conduct controls the greater one, and neither control politicians.” #TwainOn2016 pic.twitter.com/71Jxh0L4As
— Edward Snowden (@Snowden) July 3, 2016
Source: Edward Snowden Summarizes America’s Choices (In One Tweet)
Steen Jakobsen Exposes The Policymakers’ "Comical Ali" Strategy
By Tyler Durden
Submitted by Steen Jakobsen, CIO & Chief Economist Saxo Bank, via TradingFloor.com,
- Brexit could accelerate process of much-needed reform
- Macro policymakers including central banks will try to maintain status quo
- Policymakers have become equivalent of Iraqi minister comical Ali
- The reluctance to accept what is happening will be there undoing
What's that coming over the hill, is it a new world? Is it a new world?
I am writing this chronicle from South Africa which is almost as far away from Europe and the constant and never ending Brexit talk as you can come. It's hard even here to avoid the turbulence and never ending 'need' for investors and media to understand what comes next.
The best analogy I can use is one from my extensive travels: When you arrive at an airport to check in, you have to pass security control when two options are at hand: The fast track or the slow version (economy class). Using the fast track gets you quicker to the gate and allows you pre-boarding, but what really should matter is that the actual flight time and route is the same for everyone in business and in economy. We arrive at EXACTLY the same time.
The point? What is now transpiring in an economic sense is that we have entered the fast track courtesy of Brexit, the selloff in GBP, the lowering of growth projections and in some places talk about reform and change which would have happened with or without the Leave vote.
The UK's problem remains their double deficit. The chronic budget and the current account deficits. The last time the UK ran a surplus on the current account was the year Italy won the World Cup in Spain and the top scorer was Paolo Rossi. you guessed it — 1982.
The UK also has the lowest productivity of the G7 countries together with Japan. Yes, the UK needs a lower GBP and desperately so and if the ERM crisis of 1992 is any guideline, what comes next for UK is more employment and stronger GDP as seen in this chart from the excellent research done by Societe General.
It would be naive to anticipate only positive changes from the increased political uncertainty but do realise that the slowdown in the UK but also Europe was happening before the surprise 'Leave' result.
The much needed change that the voters indicated was required will come, but the macro policymakers, the politicians and central bankers, will have one more attempt at selling us an economic model of more intervention and less rigid compliance with both the EU treaty and the economic laws:
For those of you who have forgotten your economics, one-on-one here is what five years in University should teach you:
The real drivers of growth are productivity, demographics, basic research and education and as little as possible red tape and intervention (no macro please).
This should be supported by a market model where capital is allocated …read more
Source: Steen Jakobsen Exposes The Policymakers’ "Comical Ali" Strategy
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Celebrating This Land Of Absurdity
By Tyler Durden
Submitted by MN Gordon via Economic Prism blog,
“Myths and legends die hard in America,” remarked Hunter S. Thompson in The Great Shark Hunt, nearly 40-years ago. Thompson didn’t likely have U.S. Treasury bonds in mind when he made this observation. Though, if he were still alive, he may find the present state of the great Treasury bond bubble to be an amusing anecdote.
[Friday saw US Treasury yields plunge to record lows with 10Y breaking below 2012 lows to 1.3784%]. What compels someone of sound mind and honest convictions to give their hard earned money to the government for 10-years for just a 1.38 percent yield?
Is it the myth that U.S. Treasuries are the safest – default-free – investment in the world? Is it the legend of American exceptionalism? Maybe it’s both…or maybe it’s neither.
As far as we can tell, U.S. Treasury investors suffer the same cognitive dissonance that the broad U.S. populace takes with them to the shore each July 4th as they celebrate Independence. These freedom lovers, descendants of none less than Davey Crockett, eat hotdogs and revel in their illusions of what America is. Their zeal is impressive.
They believe they live in the greatest country ever conceived. They believe they experience more freedom, opportunity, and prosperity than their cohorts in other nations. They believe their system of government provides for their representation.
Yet at the same time they sense that something’s off. That somehow the facts don’t jive with the narrative. If they contemplate it at all, they find they’re unable to reconcile that their fundamental rights have been trampled on by their own government.
Money Sucking Vortex
Uncompromising independence, rugged individualism, and unbounded personal freedom were once ideals essential to the American character. According to popular American folklore, they still are. We have some reservations.
In practice, the principles that gave rise to the great myths and legends of America died long ago. Freedom. Liberty. Independence. Limited representative government. Sound money. Private property rights. A humble and esteemable populace. Avoidance of foreign entanglements. Rafting down the Mississippi River.
These concepts, in reality, faded away from daily life over the last century like stars in the morning. Over the last 100 years Washington has become a sort of money sucking vortex. At the Capitol Building sits a cadre of legislatures and an army of staffers working up new laws to take your money.
New rules, proposed rules, and notices are published daily in the Federal Register. A quick read of the daily publication – presently about 80,000 pages – will enlighten and alarm you to the vast array of agencies, departments, and commissions and their vast array of daily nonsense.
With all these rules, it’s become near impossible to earn an honest living, and set aside a few bucks, without the IRS making a federal case out of it. Was overtime pay properly reported? Were company …read more
Source: Celebrating This Land Of Absurdity
"Uncounted!" – The True Story Of The California Primary
By Tyler Durden
Authored by Yves Smith via NakedCapitalism.com,
This documentary on the California primary is very disturbing. It has accounts from numerous poll workers of voters being told that the computer system showed specific voters as having requested to vote by mail, which meant they were supposedly mailed a ballot. Not only did many say they never got a ballot, many said they had never signed up to vote by mail. And this includes voters who said they had never heard of vote by mail.
Those voters who showed up at the polls who were listed as “vote by mail” would only be given provisional ballot. On top of that, if they were registered “no party preference” they would have to ask specifically for a “crossover ballot” in order to vote. In fairness, I was told that many poll workers were more helpful, but this description from Greg Palast makes clear how the intent was to suppress their vote:
This is from the official [California] Election Officer Training Manual page 49:
“A No Party Preference voter will need to request a crossover ballot from the Roster Index Officer. (Do not offer them a crossover ballot if they do not ask).”
They’re not kidding. Poll worker Jeff Lewis filed a description of the training in an official declaration to a federal court:
Someone raised their hand and asked a follow-up question: ‘So, what if someone gets a nonpartisan ballot, notices it doesn’t have the presidential candidates on it, and asks you where they are?’ The answer poll workers are instructed to give: ‘Sorry, NPP ballots don’t have presidential candidates on them.’ That’s correct: even when people ask questions of that nature, obviously intending to vote with a party.
Remember, “no party preference” voters were expected to skew heavily to Sanders. In addition, there are first person accounts of voters who were registered as Democrat listed at the polling station as “no party preference” or Republican, or similarly that their party preference had been switched when they got their mail-in ballot.
Moreover, if someone filed a provisional ballot and there was a ballot mailed in for them, the vote by mail ballot takes precedence. Doesn’t this seem like a prescription for fraud?
As Inqusitr reveals, Secretary of State for California Alex Padilla has until July 15 to certify the vote results for the Hillary Clinton versus Bernie Sanders primaries that took place on June 7. In the meantime, voters in California have been waiting for paper mail-in ballots to get counted.
Interestingly, it is these paper mail-in ballots that have caused Alex Padilla to get sued for the second time for election fraud. It is related to the first lawsuit against Alex Padilla for election fraud because it concerns the mail-in ballots that got mixed up in California.
Adding to the confusion in social media about what exactly Alex Padilla is in trouble for, there was a Snopes report from June 15 that highlighted the misleading nature of a “Stanford University study” about election fraud “through exit polls discrepancies” in …read more
Source: "Uncounted!" – The True Story Of The California Primary
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There’s No Place Called "TransNationalProfessionalistan"
By Tyler Durden
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
Under the relentless thrust of accelerating over-population and increasing over-organization, and by means of ever more effective methods of mind-manipulation, the democracies will change their nature; the quaint old forms—elections, parliaments, Supreme Courts and all the rest—will remain. The underlying substance will be a new kind of non-violent totalitarianism. All the traditional names, all the hallowed slogans will remain exactly what they were in the good old days. Democracy and freedom will be the theme of every broadcast and editorial—but Democracy and freedom in a strictly Pickwickian sense. Meanwhile the ruling oligarchy and its highly trained elite of soldiers, policemen, thought-manufacturers and mind-manipulators will quietly run the show as they see fit.
– From the post: Brave New World Revisited…Key Excerpts and My Summary
Megan McArdle has penned an extraordinary article in the wake of the Brexit referendum. Her words represent the sort of deep, thoughtful reflection Remain-supporting pundits and journalists should be demonstrating at the moment, but clearly aren’t. Indeed, as tends to be the case with elites during moments of peak corruption and societal decay, their collective heads are too far up their own assess to see what’s right in front of them.
Unfortunately for them, these myriad mean-spirited temper tantrums will have precisely the opposite effect of their desired outcome. Their panicked rants will simply put their true colors on public display for all to see, further propelling the dreaded populists sentiments they wish to stifle. This will ultimately lead to a far more serious revolt against all things status quo.
Megan’s Bloomberg piece represents a measured and honest response to Brexit, and the entire thing is one home run paragraph after the other. Here are a few excerpts:
The inability of those elites to grapple with the rich world’s populist moment was in full display on social media last night. Journalists and academics seemed to feel that they had not made it sufficiently clear that people who oppose open borders are a bunch of racist rubes who couldn’t count to 20 with their shoes on, and hence will believe any daft thing they’re told. Given how badly this strategy had just failed, this seemed a strange time to be doubling down. But perhaps, like the fellow I once saw lose a packet by betting on 17 for 20 straight turns of the roulette wheel, they reasoned that the recent loss actually makes a subsequent victory more likely, since the number has to come up sometime.
Or perhaps they were just unable to grasp what I noted in a column last week: that nationalism and place still matter, and that elites forget this at their peril. A lot people do not view their country the way some elites do: as though the nation were something like a rental apartment — a nice place to live, but if there are problems, or you just fancy a change, you’ll happily swap it for a new one.
In many ways, members …read more
Source: There’s No Place Called "TransNationalProfessionalistan"
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