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"Russia Did More ‘Good’ In 30 Days Than The US Did In A Year" – The Only Accredited Western Journalist In Damascus Speaks Up

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By Tyler Durden

On behalf of Prensa Latina news agency, Miguel Fernandez was the only journalist from the Western world accredited to work in the Syrian capital of Damascus for nearly a year. After returning home to Havana, Fernandez gave Sputnik News an exclusive interview in which he reflects back on what he experienced in the war torn country.

Fernandez first gets into the single biggest lesson he learned, which is that the people of Syria don't give in, they don't stop pursuing the dream of having a prosperous country.

“Seeing how these people don't give in, that they dream about a prosperous country, is the biggest lesson that Syria gave me”

Miguel then reflects back on when a colleague of his first arrived in the city, and as the journalist took him around the city, everything was seemingly so normal that his friend asked “where is the war?”

“Fear is the first thing that war creates, that fear which forces people to be on guard. However, Damascus broke that pattern. When my colleague arrived I took him around the city and he noticed that buses and taxis are traveling around, people are sitting in cafes and going shopping, children are going to school. He asked me, 'where is the war?'”

“I said, I will show you before we leave for Cuba. And after less than a day, when we were traveling in a taxi, a mortar shell fell in front of us, onto a group of people, some of whom died, and there was chaos all around.”

“I looked at that and I said – that is war. That resistance of the Syrian people, the unwillingness to accept the hardships of war, has inspired me.”

The most harrowing moment for Fernandez was during the fall of Palmyra to the terrorists in May 2011 [later to be taken back from ISIS, and even recently held a concert that was put on by Russia's famous Mariinsky Theatre Orchestra]. Fernandez reflected on a time in which monuments were destroyed, and children under Daesh leadership were made to kill captured Syrian soldiers.

“Palmyra is one of ten UNESCO World Heritage sites in Syria, an oasis in the desert, full of mystical stories. Seeing how the Arch of Triumph and other monuments were destroyed. A terrible scene that I will never forget, was when children under the leadership of Daesh killed 50 captured Syrian soldiers who were on their knees.

“For me, that was the saddest moment, because I felt that the war was not only against Syria, but against the world, our culture, our values, our heritage. When I say ours, I mean civilization. These elements (Daesh) are savages. They can destroy a monument in the same way that they cut a child's head off.”

Fernandez also recalled how differently the Syrian people view Russia and the United States, and that the Russian participation did not feel like an intervention at all. Importantly, Miguel discusses the stark differences between the precision and effectiveness of the …read more

Source: "Russia Did More ‘Good’ In 30 Days Than The US Did In A Year" – The Only Accredited Western Journalist In Damascus Speaks Up

    

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Guest Post: The Stunning Parallels Between The United States And Nazi Germany

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By Tyler Durden

Submitted by Michael Snyder via The End of The American Dream blog,

Most Americans may not like to hear this, but the truth is that modern day America very closely resembles Nazi Germany. If you initially recoiled when you read the headline to this article, that is understandable. After all, most of us were raised to deeply love this country. But I would ask you to consider the evidence that I have compiled before you pass judgment on the matter. Most citizens of this nation know that something has gone deeply wrong, and I would suggest that just like the Nazis, all of the pageantry and beauty in our society masks an evil which has grown to a level that is almost unspeakable. And just like the Germans, we don’t do ourselves any favors by turning a blind eye to what is going on. The following are some stunning parallels between the United States and Nazi Germany…

#1 Human Experimentation

The fact that the Nazis conducted scientific experiments on their prisoners has been heavily documented, but many Americans may not realize that we have been conducting similar experiments for decades. The following comes from author John Whitehead

In Alabama, for example, 600 black men with syphilis were allowed to suffer without proper medical treatment in order to study the natural progression of untreated syphilis. In California, older prisoners had testicles from livestock and from recently executed convicts implanted in them to test their virility. In Connecticut, mental patients were injected with hepatitis.

In Maryland, sleeping prisoners had a pandemic flu virus sprayed up their noses. In Georgia, two dozen “volunteering” prison inmates had gonorrhea bacteria pumped directly into their urinary tracts through the penis. In Michigan, male patients at an insane asylum were exposed to the flu after first being injected with an experimental flu vaccine. In Minnesota, 11 public service employee “volunteers” were injected with malaria, then starved for five days.

In New York, dying patients had cancer cells introduced into their systems. In Ohio, over 100 inmates were injected with live cancer cells. Also in New York, prisoners at a reformatory prison were also split into two groups to determine how a deadly stomach virus was spread: the first group was made to swallow an unfiltered stool suspension, while the second group merely breathed in germs sprayed into the air. And in Staten Island, children with mental retardation were given hepatitis orally and by injection to see if they could then be cured.

And while times may have changed, the truth is that we are still being experimented on against our will. Just check out what the New York Daily News says is happening in New …read more

Source: Guest Post: The Stunning Parallels Between The United States And Nazi Germany

    

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"If The Whole Country Looked Like Alabama, Donald Trump Would Be Fine"

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By Tyler Durden

After the 2012 election, in which Barack Obama won 71 percent of the Hispanic vote, the Republican National Committee found it necessary to conduct an in depth study of the loss, dubbing it the “most comprehensive post-election review” ever undertaken.”

The result of the study concluded that… wait for it…the GOP needed to do much more to reach Hispanics if it hoped to win the White House someday.

As fate would have it, “someday” is now here, and as The Hill reports, Donald Trump will have to overcome the most diverse electorate in history, lead by a drop in white voters, and increases in Hispanic, black, and Asian voters.

As recently as the 2000 election, won by Republican George W. Bush, 81 percent of voters were white, 10 percent black and just seven percent Hispanic.


By 2012, when President Obama won his second term, the white vote-share was down 9 points, to 72 percent. Blacks cast 13 percent of the total ballots and Hispanics 10 percent.


Some experts believe the white vote-share could drop below 70 percent in November.

“The America electorate as a whole is increasingly diverse, and I think you will see increases not only in the numbers of Hispanic and black voters, but among Asian voters as well. And you’ll see the lowest share of the white Anglo vote,” said Fernand Amandi of Bendixen & Amandi, a consulting firm that specializes in work with the Hispanic community.

Indeed a GOP candidate who has built his candidacy based on building a giant wall between the US and Mexico will have a bit of an issue to overcome as 2016 shapes up to present the candidates with the challenge of having to win over the most diverse electorate ever. “If the whole country looked like Alabama, Donald Trump would be fine. But that is not the case” Said Republican Strategist Dan Judy.

Pew Research notes that since 2012 about 12 times as many adult white citizens as adult Hispanic citizens have died, despite the overall white adult population only being six times as big as the Hispanic population. Pew also counts a net increase of about 7.5 million eligible voters whio are members of ethnic minorities since 2012, and among whites that number is just 3.2 million.

One big assumption of course is that the minorities show up to vote on election day, but if that is the case then it could very well be an incredibly long day for Trump. In a Latino decisions poll released late last month, Trump was viewed unfavorably by 87 percent of Hispanics and favorably by just 9 percent.

Acknowledging that Trump is in for a rough time if the minorities do show up to the polls, chairman of the Texas Federation of Hispanic Republicans Artemio Muniz says “He has got to show that he is a leader. He can't demagogue the issue.”

A study last summer from David Wasserman of the Cook Political Report looked at the likely make-up of the electorate in 2016 compared …read more

Source: "If The Whole Country Looked Like Alabama, Donald Trump Would Be Fine"

    

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"What Is Worrisome Is The Increasing Scale Of Violence" – Anti-Immigrant Rhetoric Turns To Arson In Germany

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By Tyler Durden

By now everyone is well aware that the sentiment in Germany is beginning to take on a very anti-immigrant (specifically Muslim immigrant) tone. Not only is sentiment shifting, but now violent actions are being put behind the ever growing contempt for immigrants within Germany as well.

As The Local reports, there has been a dramatic increase in the number of arson fires at refugee shelters throughout the country.

“This year, there have already been 45 arson fires,” said Holger Muench, head of the federal criminal police (BKA).

“What is particularly worrisome is the increasing scale of the violence,” he said in an interview with the Funke newspaper group.

In 2015, when Germany opened its doors to 1.1 million migrants mostly from war-torn Syria, 92 arson fires at centres for asylum seekers were reported, compared with only six in 2014, according to BKA statistics published in late January.

Mr Muench said he did not have any knowledge of large-scale far-right groups being behind the fires, adding the majority were set by men from the areas near the torched shelters.

The BKA head however said he was worried about the rising hate speech on the Internet against refugees which could be a trigger for arson.

Several major German media including the online edition of Spiegel magazine have closed down their forums discussing topics related to the influx of refugees due to the flood of insults posted.

The mass influx of migrants last year sparked a backlash in Germany, including the rise of the xenophobic and anti-Islamic Pegida movement, which bitterly opposed Chancellor Angela Merkel's liberal migration policy.

This year Germany has seen a sharp drop in arrivals of new refugees since it reintroduced temporary border controls and took other steps to reduce numbers.

The EU has also since agreed on a controversial pact with Turkey to stop refugees crossing by boat to Greece.

Under the deal, Turkey has agreed to take back migrants who arrived in Greece after March 20th.

Unfortunately, the refugee crisis is not something that will be going away anytime soon, and the political chaos that is taking place within Germany will undoubtedly continue to become more and more intense as time goes on. The situation will certainly not be helped by the fact that Germany announced that it will be spending nearly €100 billion on the refugee crisis, something that most assuredly will – pardon the pun – continue to add fuel to the fire.

…read more

Source: "What Is Worrisome Is The Increasing Scale Of Violence" – Anti-Immigrant Rhetoric Turns To Arson In Germany

    

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Defense Bill Coming This Week: A Boost For War And Tyranny

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By Tyler Durden

Submitted by Ron Paul via The Ron Paul Institute for Peace & Prosperity,

For many of us concerned with liberty, the letters “NDAA” have come to symbolize Washington’s ongoing effort to undermine the US Constitution in the pursuit of constant war overseas. It was the National Defense Authorization Act (NDAA) for 2012 that introduced into law the idea that American citizens could be indefinitely detained without warrant or charge if a government bureaucrat decides they had assisted al-Qaeda or “associated forces that are engaged in hostilities against the United States.” No charges, no trial, just disappeared Americans.

The National Defense Authorization bill should be a Congressional mechanism to bind the president to spend national defense money in the way Congress wishes. It is the nuts and bolts of the defense budget and as such is an important oversight tool preventing the imperial executive from treating the military as his own private army. Unfortunately that is no longer the case these days.

Why am I revisiting the NDAA today? Unfortunately since 2012 these bills have passed the House with less and less scrutiny, and this week the House is going to vote on final passage of yet another Defense Authorization, this time for fiscal year 2017. Once again it is a terrible piece of legislation that does great harm to the United States under the guise of protecting the United States.

Unless some last minute changes take place, this latest NDAA will force young women for the first time to register to be drafted into the US military. For the past 36 years, young men have been forced to register with Selective Service when they turn 18 or face felony charges and years in prison. Under a perverted notion of “equality” some people are cheering the idea that this represents an achievement for women. Why cheer when slavery is extended to all? We should be fighting for an end to forced servitude for young men and to prevent it being extended to women.

The argument against a draft should appeal to all: you own your own body. No state has the right to force you to kill or be killed against your will. No state has a claim on your life. We are born with freedoms not granted by the state, but by our creator. Only authoritarians seek to take that away from us.

Along with extending draft registration to women, the latest NDAA expands the neocons’ new “Cold War” with Russia, adding $3.4 billion to put US troops and heavy weapons on Russia’s border because as the bill claims, “Russia presents the greatest threat to our national security.” This NDAA also includes the military slush fund of nearly $60 billion for the president to spend on wars of his choosing without the need to get Congress involved. Despite all the cries that we need to “rebuild the military,” this year’s Defense Authorization bill has a higher base expenditure than last year. There have been no cuts in the military. On the contrary: the budget keeps …read more

Source: Defense Bill Coming This Week: A Boost For War And Tyranny

    

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US Treasuries Account For A Stunning 60% Of All Global Positive Yielding Debt

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By Tyler Durden

2016 was the year when, in the aftermath of the Fed’s first tightening cycle in a decade, the yield curve was supposed to not only rise substantially but also steepen, providing a much needed NIM arbitrage for commercial banks. That has not only not happened, but as a result of the Fed’s relent according to which the Fed will no longer hike 4 times in 2016 but at peast 2, and according to the market 0, yields have tumbled.

Which brings us to a fascinating report by Citi’s Vikram Rai in which the rates strategist tries to find if there is any upside to Treasury yields and is unable to find any. This is what he says.

More than 4 months have passed since lift-off and the first rate hike was largely transmitted to most money market rates (with T-bills rates being the occasional exception). But now, the prospect of another hike this year seems to be diminishing with the steady stream of underwhelming economic data, though Citi Economists believe that one more hike is likely this year.

While we await the next hike (whenever that may be), we search for factors which might influence yields higher in the short term markets. But, after examining the technicals in the G10 fixed income sector, this search seems like a fool’s errand.

However it is what Rai finds next that is absolutely stunning. According to Citi, the technicals that the report refers to are the rising proportions of negative yielding debt in the G10 fixed income sector; at present there is about $39 TR of outstanding G10 debt (Figure 3). Negative yielding G10 debt has jumped to $13.7 TR and accounts for 35% of all G10 debt. In this, the proportion of short-term debt is rising quite fast and about $2.6 TR of negative yielding G10 debt is in the 0 < 1YR sector.

As shown in the table above, Japan accounts for almost 58% of all negative yielding debt followed by France (11.33%) and Germany (10.66%). UK’s share of long dated negative yielding debt is disproportionately high due to inflation linked Gilts. And, TIPs account for all long dated negative yielding US debt because most short and intermediate maturity TIPs trade at negative real yields.

But here is why US yields are, if anything, set to decline more: on the other hand, the US accounts for almost 60% of all positive yielding debt and 89% of the positive yielding debt which has a tenor less than 1YR (Figure 4). Also, US debt accounts for 74% of the positive yielding G10 debt in the 1 – 5YR sector.

Cit’s conclusion:

Thus, given that USD denominated debt is still extremely attractive vs. most high grade sovereign debt, we expect a structural increase in demand from foreign investors that are seeking refuge from a negative rate environment. And, given that USD debt accounts for most of shorter maturity positive yielding debt, the front end is likely to stay well supported and could richen further. But, despite …read more

Source: US Treasuries Account For A Stunning 60% Of All Global Positive Yielding Debt

    

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Clinton says she’ll put Bill ‘in charge’ of fixing economy

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Hillary Clinton says she would put her husband in charge of revitalizing the economy, which did very well during his eight years as president.

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Source: Clinton says she’ll put Bill ‘in charge’ of fixing economy

    

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Investors Dump Bonds, Bullion For Safety Of Biotech Stocks After Dismal China Data

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By Tyler Durden

A broad-based miss across the spectrum of Chinese data with loan growth collapsing was just what the bullish algos needed to BTFD at Sunday night's open…

You knew it was going to be an odd day after China's flash-crash overnight…

Deja vu all over again from last Tuesday…No Volume meltup off VWAP

Futures show the day's reality best…

Nasdaq and Small Caps led the way today..

As VIX was smashed back to a 14 handle…

Shorts squeezed out of the gate but stopped as Europe closed…

AAPL shares gained over 4% – the best day in 4 months – after Tim Cook's selfies and Buffett's buying (as every other hedgie dumps to him)…

“Investors” dump bonds and bullion for the safe haven of Biotech stocks…best 2 days in 6 weeks…

Good job the consumer is spending… oh wait…

Treasury yields rose today – long-end underperforming…

But remains entirely decoupled from Atlanta Fed's newly revised exuberant model projections…

The USD Index ended the day practically unchanged as JPY weakness offset commodity currency strength…

Even JPY wasn't buying the stock move…

Shortly after US stocks opened, it appears someone decided it was an opportune time to dump commodities en masse.. note that Gold actually ended the day green – even after its clubbing

Crude soared on a day when Goldman downgraded it despite every idiot on TV trying to call Goldman's note bullish…oh and Nigeria

But gold and silver saw another vertical price shift – puke…

Charts: Bloomberg

…read more

Source: Investors Dump Bonds, Bullion For Safety Of Biotech Stocks After Dismal China Data

    

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Islamists Infiltrate The Swedish Government

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By Tyler Durden

Submitted by Ingrid Carlqvist via The Gatestone Institute,

  • The library in Arvika surprised patrons by offering Arabic language courses. Many Swedes wondered if offering courses in Swedish to the Arabic-speaking immigrants would not be more productive. The library, however, does not offer any such service.

  • The Immigration Service released a new report on April 8, entitled “Are You Married?”, which showed how its own case officers allow child marriages.

  • Swedish authorities have approved hundreds of polygamous marriages among immigrants, law professor Göran Lind revealed on April 4.

  • An asylum seeker was arrested April 23 for kicking his wife in the head, among other things. According to police, the man became angry with his wife because she was trying to learn Swedish.

April was the month when the Islamist scandals in the Green Party (Miljöpartiet) came one after the other. The Green Party sits in Sweden's government, along with its coalition partner, the Social Democrats (Socialdemokraterna). They have made themselves known as a party favoring open borders, and with a passionate love for multiculturalism. These infatuations are precisely why the party has been a perfect candidate for Islamist infiltration. Within the Green Party, even to ask the question whether Muslims view Islam as a political force has been considered rude and “Islamophobic.”

One Month of Islam and Multiculturalism in Sweden: April 2016

On April 17: Housing Minister Mehmet Kaplan was forced to resign after it was reported that he not only socialized with Islamists and fascists, but also compared Israel's treatment of Palestinians with Nazi Germany's treatment of Jews.

April 20: A would-be member of the Green Party executive, Yasri Khan, refused to shake hands with a female TV reporter, Ann Tiberg, causing much hoopla and eventually forcing Khan to resign.

April 22: The scholar Lars Nicander of the Swedish Defense University warned that the Green Party may have been infiltrated by Islamists: “It is obvious they are trying to get in and ascend to positions of trust,” Nicander told the daily Aftonbladet.

Anders Wallner, Secretary of the Green Party, commented on Nicander's remarks:

“What is being put forth by Lars Nicander is something we take very seriously. Extremism has no place in our party, something our spokespersons have been very clear about.”

April 23: Semanur Taskin, spokesperson for the Green Youth (the Green Party's youth wing) in Stockholm, decided to drop out of politics. As a Swedish Muslim, she said, she felt “misunderstood and no longer secure in politics.” Taskin is also a member of an organization founded by Mehmet Kaplan — Swedish Muslims for Peace and Justice (Svenska muslimer för fred och rättvisa). The organization is best known for working for Muslim rights in Sweden; participating in “Ships to Gaza,” and criticizing all things they perceive as “Islamophobic” or the government's work against Islamism.

April 24: It was reported that the spokesperson for the Green Youth in Malmö, Salahaden Raoof, could be seen giving the so-called Rabia sign — a four-fingered salute in support of the Muslim …read more

Source: Islamists Infiltrate The Swedish Government

    

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Bank Of America Reveals Nine "Reasons To Worry" About A Big Market Drop

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By Tyler Durden

Over the weekend, we were surprised to read that none other than recent market cheerleader Goldman Sachs had come up with six reasons why its chief equity strategist believes the market is poised for a material draw down (read “big drop”) in the coming weeks. Among these were the following:

  1. Valuation is a necessary starting point of any drawdown risk analysis. At 16.7x the forward P/E multiple of the S&P 500 index ranks in the 86th percentile relative to the last 40 years. Most other metrics paint a similar picture of extended valuation. The median stock in the index trades at the 99th percentile of historical valuation on most metrics. The most likely future path of US equities involves a lower valuation.
  2. Supply and demand trends also suggest downside risk. During the first quarter, the lack of investor positioning in domestic equities was the most bullish argument for a share price rally. Even as the S&P 500 index rebounded from its February 11 low, institutional and hedge fund US equity futures positions remained net short and our Sentiment Indicator hovered near 10 (out of 100, see page 5). A low sentiment reading represents a bullish trading signal for the subsequent 4-6 weeks. Sentiment has shifted sharply during the past few weeks. Since the end of March, investors have bought $23 billion worth of futures positions, lifting our Sentiment Indicator to 32, a less bullish level compared with mid-winter.
  3. Corporate buybacks represent the single largest source of equity demand but may wane during coming months. Most firms completed 1Q earnings season by early May and have now resumed their discretionary buybacks, providing near-term support for the market. The month of May typically witnesses 10% of annual repurchase spending. However, spending normally decelerates in June and again in July, when just 7% of buybacks occurs as companies enter a blackout window ahead of 2Q earnings reports.
  4. The fed funds futures market currently implies an 83% probability of zero (41%) or one (42%) rate hike in 2016. Our economists expect two hikes this year. The two upcoming FOMC meetings (June 14-15 and July 26-27) and the July Humphrey-Hawkins testimony to the House and Senate will offer opportunities for Chair Yellen to guide the market in the direction of the FOMC central tendency, which also anticipates two hikes in 2016. Put differently, given current futures market pricing we believe more likelihood exists for an incremental hawkish surprise than a dovish surprise.
  5. Now-dormant economic growth concerns could awaken at any time and provide a catalyst for a sell-off. Official “total social financing” data shows China credit growth surged by $1 trillion in 1Q but acceleration in credit creation is needed to prevent a slowdown in activity by 3Q (see Asia Economics Analyst, May 3, 2016). Decelerating growth in China would cause investors to re-focus on the prospect of a US recession, a topic that has receded from client conversations after dominating discussions in 1Q. Our US-MAP index of economic data surprises has slipped back into negative territory and reinforces …read more

    Source: Bank Of America Reveals Nine "Reasons To Worry" About A Big Market Drop

        

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