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By Tyler Durden

Submitted by Michael Snyder via The Economic Collapse blog,

You are about to see a chart that is undeniable evidence that we have already entered a major economic slowdown.

In the “real economy”, stuff is bought and sold and shipped around the country by trucks, railroads and planes. When more stuff is being bought and sold and shipped around the country, the “real economy” is growing, and when less stuff is being bought and sold and shipped around the country, the “real economy” is shrinking.

I know that might sound really basic, but I want everyone to be on the same page as we proceed in this article.

Just because stock prices are artificially high right now does not mean that the U.S. economy is in good shape. In fact, there was a stock rally at this exact time of the year in 2008 even though the underlying economic fundamentals were rapidly deteriorating. We all remember what happened later that year, so we should not exactly be rejoicing that precisely the same pattern that we witnessed in 2008 is happening again right in front of our eyes.

During the month of April, the Cass Transportation Index was down 4.9 percent on a year over year basis. What this means is that a lot less stuff was bought and sold and shipped around the country in April 2016 when compared to April 2015. The following comes from Wolf Richter…

Freight shipments by truck and rail in the US fell 4.9% in April from the beaten-down levels of April 2015, according to the Cass Transportation Index, released on Friday. It was the worst April since 2010, which followed the worst March since 2010. In fact, shipment volume over the four months this year was the worst since 2010.

This is no longer statistical “noise” that can easily be brushed off.

Of course this was not just a one month fluke. The reality is that we have now seen the Cass Shipping Index decline on a year over year basis for 14 consecutive months. Here is more commentary and a chart from Wolf Richter…

The Cass Freight Index is not seasonally adjusted. Hence the strong seasonal patterns in the chart. Note the beaten-down first four months of 2016 (red line):

This is undeniable evidence that the “real economy” has been slowing down for more than a year. In 2007-2008 we saw a similar thing happen, but the Federal Reserve and most of the “experts” boldly assured us that there was not going to be a recession.

Of course then we immediately proceeded to plunge into the worst economic downturn since the Great Depression of the 1930s.

Traditionally, railroad activity has been a key indicator of where the U.S. economy is heading next. Just a few days ago, I wrote about how U.S. rail traffic was down more …read more

Source: Undeniable Evidence That The Real Economy Is Already In Recession

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By George Washington

Bush was a horrible president. At the time, I thought he was the worst president in American history.

But Obama has made a lot of firsts himself …

For example, Obama:

• Has prosecuted more whistleblowers than all other presidents combined

• Sentenced whistleblowers to 31 times the jail time of all prior u.s. presidents combined

• Prosecuted fewer financial crimes than President Reagan, Clinton or either of the Bush presidents. (As bad as the Bush administration was, they at least prosecuted the heads of Enron, Worldcom and some other white collar crooks. In contrast, Obama hasn’t prosecuted even one high-level Wall Street executive.)

• Is the most secretive president ever

• Is more hostile to the press than any president in history

• Claims the power to strip Americans' liberty in a way that no other president has ever tried to claim … and that even King George of England didn’t claim. Indeed, Obama has rolled back some of our liberties to the time of the enactment of the Magna Carta in 1215

• Has turned America into the most spied upon nation in world history (and see this and this)

• Has arguably centralized power more than any other president

• Has granted less pardons than any president since Garfield, who served only 200 days as president before being assassinated in 1881

• May be the only U.S. president in history who failed to deliver a single year of at least 3% economic growth (when adjusted for inflation)

In addition, Obama has presided over:

• The greatest inequality of any president

• The first time in its history that America is viewed as the world's greatest threat by the people of the world

• One of the largest net changes in debt in American history

• Perhaps the most corrupt government ever in the U.S.

And as the New York Times notes this week, Obama has been at war longer than any president in history.

Worst … president … ever.

…read more

Source: Obama: Worst President In U.S. History?

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By Tyler Durden

Authored by Chris Hedges, originally posted at TruthDig.com,

The artifice of corporate totalitarianism has been exposed. The citizens, disgusted by the lies and manipulation, have turned on the political establishment. But the game is not over. Corporate power has within its arsenal potent forms of control. It will use them. As the pretense of democracy is unmasked, the naked fist of state repression takes its place. America is about—unless we act quickly—to get ugly.

“Our political system is decaying,” said Ralph Nader when I reached him by phone in Washington, D.C. “It’s on the way to gangrene. It’s reaching a critical mass of citizen revolt.”

This moment in American history is what Antonio Gramsci called the “interregnum”—the period when a discredited regime is collapsing but a new one has yet to take its place. There is no guarantee that what comes next will be better. But this space, which will close soon, offers citizens the final chance to embrace a new vision and a new direction.

This vision will only be obtained through mass acts of civic mobilization and civil disobedience across the country. Nader, who sees this period in American history as crucial, perhaps the last opportunity to save us from tyranny, is planning to rally the left for three days, from May 23 to May 26 at Constitution Hall in Washington, D.C., in what he is calling “Breaking Through Power” or “Citizen’s Revolutionary Week.” He is bringing to the capital scores of activists and community leaders to speak, organize and attempt to mobilize to halt our slide into despotism.

“The two parties can implode politically,” Nader said. “They can be divided by different candidates and super PACs. But this doesn’t implode their paymasters.”

“Elections have become off-limits to democracy,” he went on. “They have become off-limits to democracy’s fundamental civil community or civil society. When that happens, the very roots shrivel and dry up. Politics is now a sideshow. Politics does not bother corporate power. Whoever wins, they win. Both parties represent Wall Street over Main Street. Wall Street is embedded in the federal government.”

Donald Trump, like Hillary Clinton, has no plans to disrupt the corporate machinery, although Wall Street has rallied around Clinton because of her predictability and long service to the financial and military elites. What Trump has done, Nader points out, is channel “the racist, right-wing militants” within the electorate, embodied in large part by the white working poor, into the election process, perhaps for one last time.

Much of the left, Nader argues, especially with the Democratic Party’s blatant rigging of the primaries to deny Bernie Sanders the nomination, grasps that change will come only by building mass movements. This gives the left, at least until these protofascist forces also give up on the political process, a window of opportunity. If we do not seize it, he warns, we may be doomed.

He despairs over the collapse of the commercial media, now governed by the primacy of corporate profit.

“Trump’s campaign has enormous appeal to …read more

Source: Welcome To 1984

    

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By Tyler Durden

The FBI’s probe into Clinton’s use of a private server isn’t the only noose that is keeping Clinton (and the State Department) up at night: this week interviews begin in a separate Judicial Watch civil suit, previously profiled here, against key State Department figures, all of whom just happen to be close co-workers of Hillary.

Accordng to Time, two close Clinton aides, Huma Abedin and Cheryl Mills, will testify under oath this month and next, Judicial Watch announced today. The judge in the case said earlier this month he may force Clinton herself to testify after the first round of interviews is completed. That has set up the prospect of the Democratic front-runner for the White House facing off under oath against one of her most dogged pursuers as early as July, just months before the November election.

It is telling that Judicial Watch’s potentially big win has come not from any dark conspiracy it has uncovered, but from what it has not. The judge has limited the group to a narrow line of inquiry designed to answer a simple question: why did Clinton set up a private server and use it for all her work e-mails as Secretary of State? Clinton says it was matter of convenience, but over the course of the trial, the judge has given credence to the allegation that she was intentionally thwarting the federal laws ensuring government transparency.

And that’s why the messy, drawn out drama over case No. F-2013-08812 matters. Clinton is no stranger to allegations that amount to nothing. From Whitewater to Benghazi her political opponents have tried and failed to find evidence that she committed a crime. A law enforcement official familiar with the separate FBI investigation into how classified information got onto her private server says there is little evidence of a crime there either, though the probe is continuing.

But Clinton may have violated civil law if she intentionally thwarted FOIA or the Federal Records Act, which requires public officials to take a number of steps to preserve and make public their work related documents, according to experts and judges handling the matter in the courts. Which means that for many voters it will be Clinton’s trustworthiness that is on trial in the FOIA case.

According to the Wall Street Journal, depositions will also be given under oath by Lewis Lukens, a former deputy assistant secretary of state, and Bryan Pagliano, the IT staffer who set up Clinton’s private server. The interviews are set to begin this week. Pagliano refused to testify in front of Congress last year citing his fith amendment, but has since been offered immunity by the Justice Department in a twist that some say could be the critical break in any objective probe into Hillary’s activities. As a reminder, Huma Abedin has already testified in the FBI’s investigation into Clinton’s use of a private server.

As is currently the case with the FBI investigation, whether Clinton herself will be forced to testify in the …read more

Source: Sworn Depositions Of Close Clinton Aides Begin This Week

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By Tyler Durden

First it was the IRS, which several years ago launched countless headlines, and much laughter, when it announced the emails of Lois Lerner targeting conservatives had magically disappeared. Then, as we observed last week (again with great amusement), the State Department couldn’t seem to find any of the email correspondence to or from Hillary Clinton’s IT aide Bryan Pagliano during the time Hillary was there. Now it is none other than the CIA’s Office of Inspector General that is having an issue with its handling of documents.

According to The Hill, the CIA’s inspector general has accidentally deleted its only copy of a 6,700 page classified Senate report detailing the agency’s history of brutal interrogation techniques.

Although the full torture report has never been released to the public, the Senate did release a 500-page executive summary in 2014. The report detailed the CIA’s use of so-called “enhanced interrogation” techniques, including waterboarding, sleep deprivation, and more, sparking an outcry from a number of human rights groups.

Acting inspector general Christopher Sharpley uploaded the report to the office’s internal computer network and then destroyed the hard disk, apparently following standard protocol, the news outlet reported. Then, someone else in the watchdog’s office reportedly misinterpreted instructions from the Justice Department not to open the file and deleted it from the server.

The CIA, in which the inspector general’s office sits, retains a copy of the full report, and is waiting for the conclusion of a legal battle over the document.

Still, the episode is a humiliating one for the CIA inspector general and has inflamed human rights advocates hoping to make the report public.

Cori Crider, a director with the international rights group Reprieve, called it “stunning,” and suggested that it is part of a broader effort to erase the practices from history.

“One worries that no one is minding the store,” Crider said in a statement.

The Senate report on so-called enhanced interrogation techniques, such as waterboarding and sleep deprivation, has been at the center of a years-long battle on the Intelligence Committee.

What makes the event even more suspicious is that in early 2015, the Justice Department ordered federal agencies not to open the file because doing so would make it subject to the Freedom of Information Act (FOIA). Consequently, last week, a federal appeals court declined to release the report under FOIA because it is considered a congressional document.

Nevertheless, an employee at the CIA inspector general’s office reportedly believed that the Justice Department’s order not to open the file meant that it should be removed, and then deleted it. This left the office without the disk or the network copy.

Oops.

“It’s breathtaking that this could have happened, especially in the inspector general’s office — they’re the ones that are supposed to be providing accountability within the agency itself,” said Douglas Cox, a City University of New York School of Law professor, to Yahoo News, which first reported the deletion. “It makes you wonder what was going on over there?”

Not really: it’s …read more

Source: CIA "Accidentally" Deletes Only Copy Of Confidential 6,700-Page Torture Report

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