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John McCain Linked Nonprofit Received Million Dollar Donation From Saudi Arabia

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By Tyler Durden

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Qaddafi on his way out, Bashar al Assad is next.

— John McCain (@SenJohnMcCain) August 21, 2011

Former Democratic Sen. Bob Graham, who in 2002 chaired the congressional Joint Inquiry into 9/11, maintains the FBI is covering up a Saudi support cell in Sarasota for the hijackers. He says the al-Hijjis’ “urgent” pre-9/11 exit suggests “someone may have tipped them off” about the coming attacks.

Graham has been working with a 14-member group in Congress to urge President Obama to declassify 28 pages of the final report of his inquiry which were originally redacted, wholesale, by President George W. Bush.

“The 28 pages primarily relate to who financed 9/11, and they point a very strong finger at Saudi Arabia as being the principal financier,” he said, adding, “I am speaking of the kingdom,” or government, of Saudi Arabia, not just wealthy individual Saudi donors.

Sources who have read the censored Saudi section say it cites CIA and FBI case files that directly implicate officials of the Saudi Embassy in Washington and its consulate in Los Angeles in the attacks — which, if true, would make 9/11 not just an act of terrorism, but an act of war by a foreign government.

– From the post: The New York Post Reports – FBI is Covering Up Saudi Links to 9/11 Attack

For just and obvious reasons, it’s illegal under U.S. law for foreign governments to finance individual candidates or political parties. Unfortunately, this doesn’t stop them from bribing politicians and bureaucrats using other opaque channels.

A perfect example is the shady, influence peddling slush fund known as The Clinton Foundation, which entered the public consciousness last year and was the central topic of multiple posts here at Liberty Blitzkrieg. Although they remain the reining champions of cronyism, being a shameless, corrupt fraud isn’t limited to the Clintons. It shouldn’t surprise anyone that a John McCain linked nonprofit has been found accepting million dollar contributions from the most barbaric, backwards nation on planet earth: Saudi Arabia. Naturally, the absolute monarchy remains a very close ally of the U.S. government.

Bloomberg reports:

A nonprofit with ties to Senator John McCain received a $1 million donation from the government of Saudi Arabia in 2014, according to documents filed with the U.S. Internal Revenue Service.

The Arizona Republican has strictly honorary roles with the McCain Institute for International Leadership, a program at Arizona State University, and its fundraising arm, the McCain Institute Foundation, according to his office. But McCain has appeared at fundraising events for the institute and his Senate campaign’s fundraiser is listed in its tax returns as the contact person for the foundation.

Forget John McCain for a moment. How appropriate is it …read more

Source: John McCain Linked Nonprofit Received Million Dollar Donation From Saudi Arabia

    

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Maybe You’re Confused By The Fed – But Wall Street Isn’t

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By Tyler Durden

Authored by Mark St.Cyr,

As I type this the “markets” are once again sprinting higher to the highest levels of 2016. At the rate they are going it’s theoretically possible we could take out the all time high by lunch. After all – “it’s a great time to buy stawks,” no?

Everyone seems to have been caught off guard by Janet Yellen’s speech at the Economic Club of New York™. Why this is so alludes me. The reason? This is a gathering of “her” people. i.e., Wall Street. Too think she would intone anything of a hawkish nature at this highly publicized event was ludicrous. Especially after her comments at the latest FOMC presser where she defensively professed prudence in choosing inaction – as action, once again.

However, there was one striking change in both tone and demeanor from that conference of only a few weeks ago to this one: The palpable ebullience displayed by all..

The difference was absolutely striking. Lots of grins and smiles everywhere which also included not only the Chair woman herself, but especially from her colleague N.Y. Fed. president William Dudley who introduced her. Again, don’t take my word. Find a rerun on-line in your search engine of choice and see for yourself. One thing is very, very, very, (did I say very?) apparent. There wasn’t a dry eye in the house. I’d wager tears of joy flowed like the cocktails: freely and frequent.

The dulcet tones that caused such bliss? I believe there were two verses followed by a table thumping chorus that stood out far above any others. (and if not for cameras the participants attending might have stood up on the tables and danced in unison.)

The first verse contained the words everyone with a month ending quarter wanted to hear when it came to where the Fed. stands on raising further (if at all) “proceed cautiously.” The second was a reiteration of “international developments” was first and foremost. “Data dependent” not so much. However, it was the chorus, that too my ears was really the highlight for Wall Street. It’s when Ms. Yellen stated:

“Financial market participants appear to recognize the FOMC’s data-dependent approach because incoming data surprises typically induce changes in market expectations about the likely future path of policy,…” (You can read the transcript in its entirety here. And I suggest you do as to draw your own conclusions)

Why would such be as I implied “a thumping chorus?” Here’s how I put it in a recent article that many brushed aside as coincidence not causation. To wit:

“The “markets” and its real players (i.e., HFT’s along with their headline reading algo’s and stop running programs etc., etc.) not only know this. I believe – they now know how to front run it with deadly efficiency.”

Now some will say “It was a private event, you can’t compare the two! You’re just nitpicking.” And that’s fine, it’s a fair response. However, being someone …read more

Source: Maybe You’re Confused By The Fed – But Wall Street Isn’t

    

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Why did Nintendo fire this woman?

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for latest details.

…read more

Source: Why did Nintendo fire this woman?

    

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One Muslim Explains What Is More Offensive To Him "Than A Stupid Prophet Mohammad Cartoon"

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By Tyler Durden

Having read the Telegraph’s piece “Saudi tourist brings four gold cars worth more than £1m to London“, exiled UAE expat Iyad El-Baghdadi sent out a simple tweet which we are confident not only Muslims around the world, but everyone else, can agree with.

This is more offensive to my sensibilities as a Muslim than a Prophet Mohammad stupid cartoon. @HalaGorani pic.twitter.com/H1P57Y2wQf

— Iyad El-Baghdadi (@iyad_elbaghdadi) March 30, 2016

And while we agree with Iyad wholeheartedly, as long as owners of such gold cars such (and their peers) know they can easily distract the vast majority with “stupid Prophet Mohammad” cartoons, nothing will ever change.

…read more

Source: One Muslim Explains What Is More Offensive To Him "Than A Stupid Prophet Mohammad Cartoon"

    

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Europe Continues To Court "Prince In Brussels" Erdogan

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By Tyler Durden

Submitted by Judith Bergman via The Gatestone Institute,

  • Erdogan has boasted that he is proud of boldly blackmailing EU leaders into paying him protection money.

  • Erdogan's threats were almost criminally sinister: “… the EU will be confronted with more than a dead boy on the shores of Turkey. There will be 10,000 or 15,000. How will you deal with that?”

  • According to the agreement, 80 million Turkish citizens will have visa-free access to the European Union.

  • The nightmare scenario for a desperate EU is that no matter how much it bows to extortionist demands from Turkey, the migrant crisis will continue to grow. Even if Turkey closes down all migrant routes from Turkey into Europe, refugees could take new routes through North Africa or the Caucasus.

  • Meanwhile, 800,000 migrants are currently on Libyan territory waiting to cross the Mediterranean, according to French Defense Minister Jean-Yves le Drian.

“We can open the doors to Greece and Bulgaria anytime and we can put the refugees on buses … So how will you deal with refugees if you don't get a deal? Kill the refugees?” This was the question Turkish President Recep Tayyip Erdogan, in true mafia style, asked European Council President Donald Tusk and European Commission President Jean-Claude Juncker on November 16, 2015 in a closed meeting in Antalya, Turkey, where the three met after the G20 summit.

While Tusk and Juncker have both declined to comment on whether the meeting took place, Erdogan has since then boasted that he is proud of the leaked minutes of the meeting, where he boldly blackmails EU leaders into paying him protection money.

Erdogan's threats were almost criminally sinister: “… the EU will be confronted with more than a dead boy on the shores of Turkey. There will be 10,000 or 15,000. How will you deal with that?”

Turkish President Recep Tayyip Erdogan (left) has boasted that he is proud of blackmailing EU leaders, including European Commission President Jean-Claude Juncker (right), into paying him protection money.

Finally, feeding into the denial/ignorance of the European elites, who were at that time reeling from the Paris terror attacks that had occurred just three days earlier, Erdogan — who himself has hosted and supported terrorist groups from Hamas to Hezbollah to ISIS — told his European colleagues, “The attacks in Paris is [sic] all about poverty and exclusion. These people… will continue to be terrorists in Europe”.

The leaked minutes furthermore showed Tusk and Juncker pleading with Erdogan, almost begging him to see reason, pathetically telling him that the EU has been treating him “as a prince in Brussels.”

“Like a prince?” Erdogan retorted, “Of course. I'm not representing a third world country.” He also told Juncker, who is the former prime minister of Luxembourg, not to compare Luxembourg to Turkey: “Luxembourg …read more

Source: Europe Continues To Court "Prince In Brussels" Erdogan

    

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2007 All Over Again: "We Are Outsourcing Our Monetary Policy"

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By Tyler Durden

Almost as if The Fed had “outsourced its monetary policy” to China once again. But as DollarCollapse.com's John Rubino notes, it appears Janet Yellen has instead outsoured US monetary policy to the financial markets…

In that deservedly-famous 2006 CNBC debate between Peter Schiff and economist Arthur Laffer (in which the latter manages to be both arrogant and wrong about literally everything), Laffer celebrates the fact that “we are outsourcing our monetary policy to China” (minute 5:17).

Alert listeners probably wondered what he meant by that, and also probably found the idea vaguely disturbing. But whatever it was we were doing, it turned out to be bad because within a year the global economy was in free-fall.

And now that strange, ominous concept has returned — but this time we’ve put our monetary fate in even less-stable hands:

Yellen Outsources U.S. Monetary Policy to the Financial Markets

(Bloomberg) – Fed Chair Janet Yellen told the Economic Club of New York on Tuesday that policy makers had scaled back the number of interest rate increases they expect to carry out this year after investors did the same.

She argued that the downgrading of rate expectations in the market had led to lower bond yields, providing the economy with needed support in the face of weaker growth overseas. The Fed then followed suit this month by reducing its anticipated rate hikes in 2016 to two from four quarter-percentage point moves projected in December.

“That’s a good thing,” said Lou Crandall, chief economist at Wrightson ICAP LLC in Jersey City, New Jersey, commenting on the sequence of actions. “Monetary medicine gets into the blood stream faster if the public can anticipate what the Fed’s response to an economic shock will be.”

There are pitfalls. Investors may become so impressed with their ability to influence Fed policy that they’ll press for more stimulus than the central bank is willing to supply.

Forcing Fed

“The risk is that markets’ perception of such continued accommodation will embolden them even more to try to force the policy hand of the Fed,” Mohamed El-Erian, chief economic adviser at Allianz SE and a Bloomberg View columnist, said in an e-mail.

Indeed, investors in the federal funds market are betting that the central bank will raise rates just once this year, not the two times policy makers envisage.

The Fed’s experience over the last six months also shows how difficult it can be for the central bank to align investors’ view of optimal monetary policy with that of its own.

“It’s a constant learning process by both the Fed and the markets,” said Joachim Fels, global economic adviser for Pacific Investment Management Co., which oversees $1.43 trillion in assets.

Automatic Stabilizer’

Yellen used her spoken remarks though to extol the symbiotic relationship between the central bank and the financial markets. “This mechanism …read more

Source: 2007 All Over Again: "We Are Outsourcing Our Monetary Policy"

    

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U.S. women’s soccer charges pay discrimination

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U.S. women’s national soccer team file complaint with EEOC seeking equal pay as men players who don’t have the same level as success or popularity.

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Source: U.S. women’s soccer charges pay discrimination

    

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Disney sue company offering costumed characters

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Disney, Marvel, Lucasfilm sue Characters for Hire which provides costumed characters for parties and corporate events.

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Charting America’s Descent Into Peasantry

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By Tyler Durden

Screen Shot 2016-03-30 at 3.48.46 PM

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Yesterday, we published a post titled Americans Have Been Turned Into Peasants – It’s Time to Fight Back. In the hours since, we came across an article in the Washington Post which offers some additional details and graphics on the subject.

Here are a few excerpts from the piece titled, 2015 Was a Terrible Year for the Common Working Man:

By at least one measure, inequality among working men has grown for decades. But, in 2015, it accelerated: The wage gap among men saw its largest single-year increase on record.

Top earners — men who made more than 95 percent of their peers — saw wages last year rise by 9.9 percent, according to an analysis of federal data. Men in the middle — with earnings higher than half their peers — saw a much-smaller 2.6 percent increase.

Now here’s a graphic of the trend:

Meanwhile…

Since 1973, wages among men in the 50th percentile have fallen a total 4.6 percent. Wages for men in the 95th percentile, meanwhile, are up 51.4 percent.

Here’s what that looks like:

Screen Shot 2016-03-30 at 3.49.52 PM

This isn’t the outcome of a fairly regulated free market economy. It’s what you get in a rigged economy.

The American public is being used like a cheap suit by the status quo. When will enough be enough?

…read more

Source: Charting America’s Descent Into Peasantry

    

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Chicago Fed’s Evans Goes From Hawkish To Dovish And Back To Hawkish Again In Under 2 Weeks

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By Tyler Durden

Just one week ago, when the US dollar was surging when one after another Fed president were making hawkish statements (who can forget Bullard’s forecast that a rate hike may occur as soon as April), one of the speeches which surprised the market the most, was that by Chicago Fed’s permadove Chuck Evans, who on March 22 met with reporters and was asked how comfortable he felt about the likelihood of two interest rate hikes this year.

Evans had pointed out that the median of the projections was for two rate hikes and that he was “comfortable” with that prediction — on the condition that gross domestic product grows by 2 percent to 2.5 percent and that unemployment falls from its current 4.9 percent to a range of 4.7 to 4.8 percent.

“Fundamentals are good for the economy,” he said during his speech. He noted, however, that past recoveries saw GDP growth of 3.5 percent.

“Currently, given my assessment, two rate increases is not at all unreasonable,” Evans said after his speech. “My projection would have two more this year on the basis of the outlook.”

And then, everything mysteriously changed less than two weeks later, when in the aftermath of Yellen’s superdovish speech, Evans talked back all of his hawkish commentary: cited by Reuters, Evans said that the Federal Reserve “should have more clarity by the end of the summer whether recent strength in U.S. inflation data is a lasting reality or merely a temporary blip due to winter-related irregularities in the surveys, a top Fed official said on Wednesday.”

“If we see the monthly numbers continue to come in more strongly and they begin to pile up I think you’d have to take that seriously. If it’s a residual seasonalities story we ought to see it waning at some point,” said Chicago Fed President Charles Evans.

But wait, it’s not over, because as we draft this, Evans is once again talking live, and making the following statements, which suggest the hawkish Evans from March 18 may be back:

  • EVANS: GREATER RISKS SUPPORTED SHALLOWER PATH AT MAR FOMC MTG
  • EVANS: STILL COMFORTABLE WITH TWO RATE HIKES THIS YEAR
  • EVANS: SEES ONE RATE HIKE IN MID-YEAR, ONE LATER IN YEAR
  • EVANS: WANT TO AVOID SITUATION WHERE NEGATIVE RATES NEEDED

As a reminder, the Fed Funds futures now imply a negligible chance of a June rate hikes, with at most one rate hike by the end of the year, so Evans saying 2 hikes means hawkishness is back.

Markets? Confused.

…read more

Source: Chicago Fed’s Evans Goes From Hawkish To Dovish And Back To Hawkish Again In Under 2 Weeks

    

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