Archive for the ‘Uncategorized’ Category
Chuck Todd To Hillary: "Were You Given An Indication That No FBI Charges Will Be Filed Against You?"
By Tyler Durden
Following Hillary Clinton’s voluntary interview with the FBI Saturday, Clinton gave an interview to NBC’s Chuck Todd to discuss some aspects of the case, as well as how Hillary felt about the fact the Bill met with the Attorney General during an ongoing investigation.
Todd asks how Clinton would describe the interview with the FBI (which must not be called an interrogation: after all she had no less than five of her own lawyers “volunteer” to be present during the “interview”) after hearing that it was “civil and businesslike.” Ironically Clinton said she was eager to give the interview, even though it took Bill’s heavily publicized meeting with Loretta Lynch to force the issue.
“Well it was both, it was something I had offered to do since last August, I’ve been eager to do it and I was pleased to have the opportunity to assist the department in bringing its review to a conclusion.“
On why Clinton believes no laws were broken by using a private server, as expected Clinton gave the same answer we have heard frequently over the course of the investigation.
“Let me just repeat what I have repeated for many months now, I never received nor sent any material that was marked classified.“
After Clinton said that there weren’t going to be any further comments on the matter, Todd shifts the conversation to Bill’s allegedly coincidental meeting with US Attorney General Loretta Lynch at an airport in Phoenix. Todd asked what Hillary’s initial reaction was upon learning the news.
“Well I learned about it in the news, and it was a short, chance meeting at a airport tarmac. Both of their planes as I understand it were landing on the same tarmac at about the same time. The Attorney General’s husband was there, they said hello, they talked about grand kids, which is very much on our minds these days. Golf, their mutual friend former Attorney General Janet Reno, it was purely social.“
Todd then asks Hillary if she views what Bill did as inappropriate. Clinton reiterated that it was a chance meeting, and she actually laughed at the assumption that anything related to the investigation would be discussed.
“Well it was a short, chance meeting that occurred and they did not discuss the Department of Justice’s review. And I know that some nonetheless have viewed the meeting in a different light, and both the Attorney General and my husband said they would not do it again. The bottom line for me is I respect the professionalism and integrity of the officials at the Department of Justice handling this process.”
“I think hindsight is 20/20, both the Attorney General and my husband have said that they wouldn’t do it again even though it was from all accounts that I have heard and seen an exchange of pleasantries.”
Hillary was then asked the dreaded Donald Trump question regarding how it feels that voters believe Trump is more honest.
“When you’ve been in the eye of the tornado for as long as I have, …read more
Source: Chuck Todd To Hillary: "Were You Given An Indication That No FBI Charges Will Be Filed Against You?"
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"It Was Like An Earthquake" – Over 91 Killed After Two ISIS Suicide Bombings Rip Through Baghdad
By Tyler Durden
Just days after Iraqi forces scored a major victory against the Islamic State which was dislodged from its stronghold of Falluja, an hour’s drive west of Baghdad, ISIS struck back when at least 95 people were killed Sunday in two massive suicide bombings in the Iraqi capital, including a large-scale attack that killed 86 people, among them 15 children, in a central shopping district.
Isil has claimed a suicide car bombing that killed at least 79 people in central Baghdad https://t.co/WmpeepsNsthttps://t.co/2indK7JwKl
— The Telegraph (@Telegraph) July 3, 2016
At least 83 people killed after double bomb blasts hit #Baghdad https://t.co/AG4X3V4GvVhttps://t.co/9hnxv7dVsx
— Ruptly (@Ruptly) July 3, 2016
As AP reports, the bombings demonstrated the extremists’ ability to mount significant attacks despite major battlefield losses, including the city of Fallujah, which was declared “fully liberated” from IS just over a week ago. Prime Minister Haider al-Abadi had ordered the offensive after a series
of deadly bombings in Baghdad, saying Falluja served as a launchpad for
such attacks on the capital. However, bombings have continued.
The deadliest attack took place in the central Karada district of Baghdad, where a suicide bomber blew up his explosives-laded refrigerator pickup truck outside a crowded shopping center, killing at least 95 people and wounding up to 170 others, according to a police officer. He said the dead included 15 children, 10 women and six policemen.
The suicide bomber struck shortly after midnight, when families and young people were out on the streets in the central district of Karrada, after breaking their daylight fast for the holy month of Ramadan. Most of the victims were inside a multi-story shopping and amusement mall, where dozens burned to death or suffocated, officials said.
“It was like an earthquake,” said Karim Sami, a 35-year-old street vendor. “I wrapped up my goods and was heading home when I saw a fire ball with a thunderous bombing. I was so scared to go back and started to make phone calls to my friends, but none answered,” the father of three added. He said that one of his friends had been killed, another was wounded and one was still missing.
As expected, within hours, IS claimed responsibility for the bombing in a statement posted online, saying they had deliberately targeted Shiite Muslims.
At the scene, firefighters and civilians were seen carrying the dead away, their bodies wrapped in blankets and sheets. Smoke billowed from the shopping center, which was surrounded by the twisted and burned wreckage of cars and market stalls. A group of women were sitting on the pavement, crying for their loved ones.
In the second attack, an improvised explosive device went off in Baghdad’s northern Shaab area, killing 5 people and wounding 16, another police officer said. No group claimed responsibility for the attack, but it bore the hallmarks of IS militants who often target commercial districts and Shiite areas. Medical …read more
Source: "It Was Like An Earthquake" – Over 91 Killed After Two ISIS Suicide Bombings Rip Through Baghdad
Gold, Silver Best Performing Assets In H1, 2016 – Up 26% and 38%
By GoldCore
Market Performance, H1, 2016 (Finviz.com)
Global stocks had a torrid first half with European and Asian stocks coming under severe selling pressure. The Euro Stoxx 50 fell 10.4%. The Nikkei was down a whopping 17%, while the Shanghai A shares was down by even more – nearly 20 percent. U.S. shares remained elevated – largely due to continuing zero percent interest policies (ZIRP) by the Federal Reserve – contrary to all the speculative, nonsense talk of the Fed rising rates.
Gold and silver made gains due to continuing ultra loose monetary policies, diminished U.S. rate-increase expectations, worries about global economic growth, both U.S. and global geopolitical concerns and turmoil in markets at the start of Q1 and again at the end of Q2.
The UK decision to leave the EU has exacerbated these risks and highlighted them for complacent western speculators and investors who seemed blissfully unaware of the growing geopolitical and macroeconomic risks.
The case for gold and silver was already bullish prior to Brexit. Brexit is the “icing on the cake” and means that the fundamentals for gold and silver are arguably as good now as they have were in the early 1970s and the early 2000s.
The smart money knows this and this is seen in the likes of Soros, Dalio, Druckenmiller and many of the world’s largest financial institutions and indeed insurance companies allocating to the financial insurance that is gold in recent months.
While Brexit is “icing on the cake” for the precious metals, for the financial system, it may be the proverbial “straw that breaks the camel’s back.”
The global financial and monetary system has all the appearances of a very old camel that is on its last legs. Copious amounts of drugs have been pumped into the camel in recent years which has prolonged its miserable life by a few years. But, they have not dealt with the substantive issue of the camel’s very old age. Similarly we have not dealt with the substantive issue of a global financial system that is drowning in trillions and trillions of dollars, euros, pounds etc of debt – some $60 trillion of which has been created since 2008.
Brexit highlights the vulnerability of the Eurozone, the Eurozone banking system and the real potential for contagion in the global financial system.
There is the inconvenient truth that many European banks – French, Italian and Irish for example – remain woefully under capitalised and indeed are border line insolvent. It is not just banks in the unfortunate “PIIGS” that are vulnerable. A cursory glance of the share price of Germany’s Deutsche Bank and Switzerland’s Credit Suisse should give even the most complacent and ‘Pollyannish’, tunnel vision bull pause for concern.
The head of Germany’s financial regulatory authority has sounded the alarm on the real risks Brexit poses to large German banks. Two banks cited as having the largest financial dealings in London are Deutsche Bank (NYSE:DB) and Commerzbank (OTC:CRZBY), with shares of Deutsche breaking to new all-time lows in recent days.
A British vote to leave the European Union would hit large German banks, given their heavy exposure to London, the head of German financial watchdog Bafin said in an interview with German newspaper Tagesspiegel as reported by Reuters. Bafin President Felix Hufeld told the newspaper that if there was a Brexit – “the biggest banks would have the biggest problems … they have the most activities in, and with, London,” he said.
Both Deutsche and Credit Suisse have massive derivative books and exposure and the bankruptcy of either one could lead to the EU’s ‘Lehman moment.’ Indeed, it could contribute to the collapse of the ‘single’ currency and indeed the global banking system. To those who say that this could not happen, it is worth remembering – lest we forget – that we came very, very close to that just eight short years ago.
Yet, the root cause of the initial crisis – insolvent banks and an insolvent world – has not been addressed since then. Indeed the financial position of banks and much of the western world today is arguably much worse than it was in 2008.
Gold and silver are reflecting the fact that we have a massive global financial bubble, especially in western bond markets and arguably in the U.S. stock market. This huge bubble is based on ultra loose monetary policies and the creation of currency to artificially support and pump up to record highs global bond markets. The bubble is beginning to unravel before our eyes.
The global financial system is a complete mess and the drum beat of bank bail-ins and currency devaluations grows louder by the day. Gold and silver have protected investors so far in 2016, as they have done throughout history and will do in the coming years.
Gold and Silver News
Gold holds overnight gains, heads for fifth weekly gain (Reuters)
Gold Advances for Fifth Week as Central Banks Poised for Easing (Bloomberg)
Gold bulls buoyed by prospect of Brexit swaying Fed (Reuters)
London gold trade agrees reforms to boost transparency (Reuters)
JPMorgan beats traders in silver futures rigging lawsuits (Reuters)
Gold Miners’ Debt Hangover Eases as Bullion Gets Brexit Boost (Bloomberg)
Cheap Gold Mines Disappear as Buyers Splurge for Surging Bullion (Bloomberg)
British bonds go negative as Bank of England plans more money creation (FT via GATA)
Brexit won’t hit global growth, but it does make one big difference (Money Week)
Brexit Fever Spreads: Austria and Holland are Next Up to Leave EU (Gold Seek)
Making The Case For $12,000 Gold And $360 Silver (Silver Seek)
Gold, Silver Best Performing Assets In H1, 2016 – Up 26% and 38%
Gold and silver are the best performing assets in H1, 2016 and saw gains of 26% and 38% respectively. They were the best performing assets prior to Brexit and they are the best performing assets since Brexit. Gold and silver are up 6% and 11% respectively since the seismic Brexit vote led to turmoil on global markets.
Global stocks had a torrid first half with European and Asian stocks coming under severe selling pressure. The Euro Stoxx 50 fell 10.4%. The Nikkei was down a whopping 17%, while the Shanghai A shares was down by even more – nearly 20 percent. U.S. shares remained elevated – largely due to continuing zero percent interest policies (ZIRP) by the Federal Reserve – contrary to all the speculative, nonsense talk of the Fed rising rates.
Gold and silver made gains due to continuing ultra loose monetary policies, diminished U.S. rate-increase expectations, worries about global economic growth, both U.S. and global geopolitical concerns and turmoil in markets at the start of Q1 and again at the end of Q2.
The UK decision to leave the EU has exacerbated these risks and highlighted them for complacent western speculators and investors who seemed blissfully unaware of the growing geopolitical and macroeconomic risks.
The case for gold and silver was already bullish prior to Brexit. Brexit is the “icing on the cake” and means that the fundamentals for gold and silver are arguably as good now as they have were in the early 1970s and the early 2000s.
The smart money knows this and this is seen in the likes of Soros, Dalio, Druckenmiller and many of the world’s largest financial institutions and indeed insurance companies allocating to the financial insurance that is gold in recent months.
While Brexit is “icing on the cake” for the precious metals, for the financial system, it may be the proverbial “straw that breaks the camel’s back.”
The global financial and monetary system has all the appearances of a very old camel that is on its last legs. Copious amounts of drugs have been pumped into the camel in recent years which has prolonged its miserable life by a few years. But, they have not dealt with the substantive issue of the camel’s very old age. Similarly we have not dealt with the substantive issue of a global financial system that is drowning in trillions and trillions of dollars, euros, pounds etc of debt – some $60 trillion of which has been created since 2008.
Brexit highlights the vulnerability of the Eurozone, the Eurozone banking system and the real potential for contagion in the global financial system.
There is the inconvenient truth that many European banks – French, Italian and Irish for example – remain woefully under capitalised and indeed are border line insolvent. It is not just banks in the unfortunate “PIIGS” that are vulnerable. A cursory glance of the share price of Germany’s Deutsche Bank and Switzerland’s Credit Suisse should give even the most complacent …read more
Source: Gold, Silver Best Performing Assets In H1, 2016 – Up 26% and 38%
How to make fireworks in your account
While most of the US population drowns in a prolonged semi-conscious state for several days, with moments of alertness (they’ll know they are alive when they see the fireworks) – the remaining force of human intelligence on the planet, spends time trying to figure out ways to break through this vast blanket of social control that’s been thrown over the population like a sticky net, which is slowly eating away at the global standard of living, overall quality, lowering human genetic value. Each day, our money is worth less and less. Why? We explain this in Splitting Pennies – Understanding Forex.
The problem with much discussion on Zero Hedge and alternative media in general, is that it lacks a conclusion and proposed solution. So, we mostly agree that the USD is toast, there’s an insurmountable debt that cannot be paid back (because in a debt-based money system, if the debt is paid off, money will cease to exist). Gold is the go to alternative to stocks & bonds which are mostly overrated – but then what? So let’s say Gold hit’s $50,000 USD per ounce. Then what? Well for one, be sure that you have some good security because in a crisis, the only real currency is accelerated lead, as elaborated here eloquently.
So what is an investor to do? Fundamental analysis of markets is impossible, because of reasons outlined well on this site:
1) Market data is manipulated heavily. By the time any investor receives market information (unless he’s paying for a front running service) one can assume it’s been seen by leading market controllers, HFTs, directors of various unsundry government organizations, and George Soros.
2) The world changes too rapidly for any fundamental strategy to play out. Too many wildcard events can derail strategies such as value investing. Brexit is a great example – and there will be many more “Brexits.”
3) Even if the above 1 & 2 didn’t exist, an investor would need a carrying broker that was fair and honest, and would provide decent execution, and not go out of business. With investing strategies such as some which are discussed on this site, this is a big issue. For example, if Gold is $50,000 let’s say that GLD goes bust, and starts a chain reaction on exchange listed ETFs and ETNs, which can’t possibly fullfill their underlying liquidity obligations even in currenct conditions, not in extreme conditions. Could it bring down some BDs with them? SIPC is limited (..and if it were a TD Ameritrade, no insurance in the world can cover it). So with such extreme strategies, counterparty risk is very large – especially in such climates that would make extreme strategies flourish. Florida residents know very well how this works, when a big Hurricane strikes, the majority of underwriters for flood & Hurricane insurance go bust (FL law or mortgage policy sometimes require residents carry “Hurricane” insurance …read more
Source: How to make fireworks in your account
How To Spot A False Flag Event
By Tyler Durden
A missionary friend of mine in Eastern Europe recently gave me a heads up regarding an excellent article written by Sebastian Swift entitled “5 Confirmed False Flag Operations And How To Spot Them In The Future.”
Swift writes,
“The false flag phenomenon is distinctively modern and used as an ideological weapon to control populations with the fear of a manufactured enemy. They are used in ostensibly democratic systems where people believe they have inalienable rights. Such democratic systems–primarily the United States, Israel, and Great Britain–must shock people into sociopolitical and geopolitical consent and, as such, require sophisticated modern propaganda systems and advanced covert operations teams with highly proficient skills.”
Here are his telltale signs of a false flag operation:
- There is an immediate comprehensive narrative, including a convenient culprit. Law enforcement, government agencies, and the mainstream media immediately proffer a narrative that completely explains the event and encourages citizens to tie their intellectual understanding of the tragedy to the emotions they experience. In his lecture at Contact in the Desert, [author and researcher] Richard Dolan noted that a distinguishing characteristic of a false flag operation is that the official narrative IS NOT questioned by the media. There are often legislative, ideological and sociopolitical power plays waiting in the wings, which the government can immediately implement.
- The official narrative has obvious domestic and geopolitical advantages for the governing body. The Bush administration used 9/11 to usher in the War on Terror, which has served as a lynchpin for countless civil liberty infringements by the national security state, including ubiquitous domestic surveillance and indefinite detention.
- The narrative behind the attack serves to leverage emotions like fear, as well as patriotism, in order to manufacture consent around a previously controversial issue. For example, many of the recent domestic terror attacks, including the Aurora [and Orlando] shooting[s], have exacerbated and reinforced advocacy of gun control legislation.
- Military training drills and police drills occur on the day of and very near the attack itself, causing confusion to obscure eye witness testimony and allowing orchestrators to plant both patsies, disinformation and backup operatives. This is no small point. An incredible percentage of major domestic or international terror attacks have involved simultaneous “training drills.” This list includes, but is not limited to, the infamous NORAD drills of 9/11, the 7/7 London Bombings, the 2011 Norway shooting, the Aurora shooting, Sandy Hook, and the Boston Marathon. Though none of the aforementioned events can be confirmed or denied without a doubt, they bear a striking resemblance to previous false flag attacks and should be looked at with an investigative eye.
It's time for those of us who have been reluctant to consider the possibility that our own government (and the governments of Israel and Great Britain) could actually be complicit in domestic terrorism in order to further a nefarious agenda to at least stop accepting the government and media’s version of these tragedies at face value. For the most part, the mainstream media is little more …read more
Source: How To Spot A False Flag Event
More ‘Transitory’ Non-flation: Child Care Costs Are Soaring
By Tyler Durden
As the middle class erodes in the US, we have pointed out the many things that have continued to financially squeeze what is left of The American Dream out of the average joe, from rent becoming increasingly unaffordable to healthcare premiums exploding higher. We now have another expense that is taking a toll financially on the average American family, and that is child care.
Child care expenses have climbed nearly twice as fast as overall prices since the recession ended in 2009 the WSJ reports, and coupled with lackluster wage gains, families with young children are finding themselves stretched financially.
As the WSJ points out, the cost of child care is so high that in 41 states, the cost of sending a 4 year old to full-time preschool exceeds 10% of a median family income, and full-time preschool is more expensive than the average tuition at public college in 23 states. Care for an infant even costs more than the average rent in 17 states.
Since the recession ended in 2009, the cost of child care and nursery school has increased at a 2.9% annual average, outpacing overall inflation of 1.6% during that seven year period.
According to the WSJ, it costs $245,340 to raise a child born in 2013 from birth to age 18, nearly five years worth of income for the median US household. By comparison, the cost of raising a child born in 2003 was $226,108 after adjusting for inflation.
Looking at the breakdown of costs for middle income families from 1960 to 2013, education and child care costs have exploded higher.
For Malki Karkowsky, child care costs account for almost a quarter of the family budget. Adding in rent for the family's Kensington, Md apartment, and more than half of her and her husband's month take-home pay is gone. Karkowsky has a 3 year old son and a daughter under the age of 1. “Thankfully, we can cover the cost of food and clothing, but not really the extras.” Karkowsky said.
The family aspires to buy a home, but saving is difficult, even after moving to a cheaper location. The move saved $350 a month, but that doesn't even cover a week of day care.
According to the WSJ, an April Gallup poll found that 37% of Americans between 30 and 49, the age when many are raising children, said they didn't have enough money to live comfortably.
Increased costs are a struggle for many families, especially due to the fact that adjusting for inflation, incomes are barely above pre-recession levels.
Ironically, even the Federal Reserve admitted the inflation – which they can never seem to find anywhere – is higher for low income families.
From the WSJ
That presents a test for Federal Reserve officials who set economic policy based upon the average inflation rate experienced in the economy. A recent analysis by the Federal Reserve Bank of Minneapolis found that households with low incomes, more household members or older household …read more
Source: More ‘Transitory’ Non-flation: Child Care Costs Are Soaring
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"This Is The Capitulation Phase" – Why Treasury Yields Are About To Really Plunge
By Tyler Durden
While mom and pop investors and BTFDers (if not so much hedge and mutual funds and other “smart money“) have been delighted by the latest V-shaped surge in stocks, it has come as we have repeatedly shown…
… at the expense of collapsing long-term yields as another central bank liquidity tsunami is priced in. In fact, early Friday both 10Y and 30Y US Treasury yields plunged to new all time lows, a signal which at any other time would suggest a deflationary tsunami is about to be unleashed, but in this case simply meant that another bout of central bank generosity was coming to prop up risky assets in the aftermath of Brexit.
The problem is that while stocks can – for now – ignore this historic divergence, which has pushed the S&P back to just shy of all time highs while bond yields are at all time lows, one major market participant can no longer pretend to not notice what is going on. We are talking about pension funds, who according to Bank of America are about to “throw in the towel” and capitulate on the de-risking of their portfolios, unleashing the next major buying spree on the long end, in the process likely pushing the 10Y to 1% or even much lower.
As BofA’s Shyam Rajan writes, bull flattening of yield curves is rarely good news to anyone – but defined benefit pension plans are most leveraged to this pain. According to the most recent Milliman estimate, the average funded ratio of the top 100 US corporate defined benefit pension plans already had dropped to 77% by end of April. Since then, 30y rates dropped another 50bp and corporate spreads have tightened. While the asset side has provided some relief given that equities are hanging on to the highs, we think it is safe to assume that funding ratios over the last month have now reached the lows seen in 2012 – a rather sobering thought given that the equity rally of 70% since then has meant nothing and has been subsumed by the rate decline. The dominant factor of pension funding gaps has been the move in rates, as Chart 2 makes clear.
According to BofA there are five reasons why capitulation is more likely now.
Talking about pension capitulation seems counterintuitive when funded ratios are at record lows on the heels of a significant decline in rates. After all, why would a pension manager hoping for mean reversion at the beginning of the year feel forced to throw in the towel at these levels? 10y rates have been here before, funding ratios have been this low before, and this is not the first time for a flight to quality out of Europe and Japan into the US. What makes this time different? We identify five reasons (three macro, two pension-specific) that make capitulation this time around much more likely:
Here are the reasons:
1. Longer term growth
The key difference from a few years ago is the formalization of the …read more
Source: "This Is The Capitulation Phase" – Why Treasury Yields Are About To Really Plunge
When Government Controls All Wealth
By Tyler Durden
Authored by Bonner & Partners' Bill Bonner (annotated by Acting-Man's Pater Tenebrarum),
Sliding Into Absurdity
Stock markets continued their rebound to almost erase all Brexit losses. London’s FTSE 100 Index is above Brexit levels but Europe’s equivalent of the Dow, the Euro Stoxx 50, remains lower.
No wonder the Dragon and his partners in crime flooded the EU banking system with “money” this past week…
Investors have realized Brexit isn’t the end of the world. First, because they think it won’t really happen. After all, elites can fix elections, buy politicians, and control public policy… surely, they can fix this!
A letter in the Financial Times reminds us that Swedish voters cast their ballots against nuclear power in 1980. The government just ignored them, doubling nuclear power generation over the next 36 years.
Second, because investors see the panic over Brexit leading to more spirited intervention by central banks! The EZ money floodgates – already wide open – are to be opened wider.
The U.S. has its QE program on hold, but Europe’s scheme is gushing like Niagara. Mario Draghi at the European Central Bank buys $90 billion a month in bonds. And he’s not only buying government bonds; he’s buying corporates, too.
Less Than Zero
In Japan, always a trendsetter, the Bank of Japan has bought so many bonds it has pushed Japanese government bond yields below zero – out to more than 45 years on the yield curve!
In other words, you can now lend to the bankrupt Japanese government until 2051 with no hope of making a single yen, nominally, on your investment. Now, with bonds stacking up in their vaults, the Japanese feds are diversifying. They’re buying exchange-traded funds (ETFs), too.
JGB weekly over the past 5 years….still a widow-maker! – click to enlarge.
Via its ETF purchases, the BoJ buys about $30 billion of Japanese stocks a year. This has made it a top 10 shareholder in about 90% of the companies listed on the country’s Nikkei 225 Index.
Apparently, the BoJ announced it would buy a particular kind of politically correct ETF, even before such an investment existed. This led to a rush to meet the demand (no matter how looney) to create exactly the ETF the Japanese feds were looking for.
So now, the phony money created by the BoJ buys phony ETFs created by the sushi equivalent of Wall Street – solely for the purpose of letting the Samurai feds put more phony money into the financial sector. The ETF then must buy politically fashionable companies, many of which probably wouldn’t exist were the fix not in so deeply.
Result? The Bank of Japan – not private investors – is the proud owner of stocks and bonds that private investors didn’t want, bought at prices they wouldn’t pay. The whole show is too goofy for words. But words are all we’ve got!
Meet Goofy.
Capitalism Without Capital
“It is just a matter of time,” says a friend writing from Switzerland, “before the feds …read more
Source: When Government Controls All Wealth
NYPD Is Prepared For War With ISIS
By Tyler Durden
Following the terrorist attack on Istanbul's airport last week, a pro-ISIS Twitter account was used to make threats against airports such as Heathrow, JFK, and Las Angeles International over the Fourth of July weekend.
As the LA Times reports, as of Thursday the FBI nationally said the bureau knew of no known specific or credible threat to the US during the Fourth of July weekend, however SITE Intelligence Group identified and publicized the threat on Friday.
Pro-IS Twitter Account Warns of Attacks in Heathrow, LAX, and JFK Airports on July 4 Weekend https://t.co/nResxCNiwL
— SITE Intel Group (@siteintelgroup) July 1, 2016
With that said, the New York Police Department has been working around the clock to get ahead of any potential attackers, looking far beyond the city limits to do so. “I think that it's inevitable that there'll be another attack in this country. We are well-prepared to respond to that.” said Chief James Waters, the head of NYPD's Counterterrorism Bureau.
As ABC News reports, about 525 specially trained officers rotate shifts so that at any given time, 24/7, some 100 of the officers are ready to roll out with high-powered weapons, radiation detectors and bomb-sniffing Labrador Retrievers that can detect the chemicals known to be used by ISIS for its suicide explosives. The operation is run from a command center in an undisclosed location in lower Manhattan, where the feeds from more than 9,000 surveillance cameras, from the Brooklyn Bridge to Times Square to inside the city's subways are piped in and displayed.
Aside from the specifically New York City, the NYPD Counterterrorism Bureau is looking for global trends to be concerned with as well.
“We look at the global threat environment. What's happening in the world? Are there any new trends that we need to be concerned with? Any new tactics that terrorist groups may be using that have any implication for us here in New York City?” said Meghann Teubner, Director of Counterterrorism Intelligence Analysis in the NYPD's Counterterrorism Bureau.
The security operation has been referred to as a “ring of steel,” an expansion of the concept first used in London. “It's our way of protecting New York” Waters said, adding “It gives us an optic into what goes in New York City on any given day, and it tells us an awful lot with 9,000 cameras and the license plate readers. It gives us a sense to keep our finger on the pulse of what's happening here in the city“
Though officials have said there is no specific threat to New York or any American city over the holiday weekend, Waters thinks New York is a prime target.
The NYPD has studied the recent major terrorist attacks in order to better prepare – “We are constantly looking at tactics, techniques and procedures that are used at those events and how we can better prepare ourselves here in New York City” Captain Gene McCarthy said.
Should someone slip through the cracks and attempt an attack, the NYPD's “last line of defense” …read more
Source: NYPD Is Prepared For War With ISIS
