Archive for the ‘Uncategorized’ Category
What Janet Hath Wrought…
By Tyler Durden
“Unequivocally” dovish Yellen has sent oil prices soaring this morning – because, well who the f##k knows anymore.
Strength in gold and bonds yesterday was clearly not acceptable and now traders are rushing into Biotech safe-havens and dumping protection (VIX at 13.40 – lowest since Oct 2015).
Source: What Janet Hath Wrought…
Noose Tightens On Clinton As Second Federal Judge Grants Discovery In E-Mail Fiasco
By Tyler Durden
There have been some interesting developments in the Hillary Clinton e-mail saga over the past two weeks.
In response to an FOIA request, conservative legal advocacy group Judicial Watch
Now, in the latest developments from the never-ending Clinton e-mail saga, a second federal judge will allow Judicial Watch to seek sworn testimony from officials. “U.S. District Court Judge Royce Lamberth entered an order Tuesday agreeing that Judicial Watch can pursue legal discovery — which often includes depositions of relevant individuals — as the group pursues legal claims that State did not respond completely to a FOIA request filed in May 2014 seeking records about talking points then-U.S. Ambassador to the United Nations Susan Rice used for TV appearances discussing the deadly attack on U.S. facilities in Benghazi in September 2012,” Politico writes. “Lamberth is the second federal judge handling a Clinton email-related case to agree to discovery, which is unusual in FOIA litigation.”
As Reuters goes on to note, Judicial Watch has “filed several lawsuits, including one seeking records about the 2012 attack in Benghazi, Libya, that killed U.S. Ambassador Christopher Stevens and three other Americans.”
“Where there is evidence of government wrong-doing and bad faith, as here, limited discovery is appropriate, even though it is exceedingly rare in FOIA cases,” Lamberth wrote in the order. “The government argues that this does not show a lack of good faith, but that is what remains to be seen, and the factual record must be developed appropriately for the Court to make that determination,” Lamberth wrote.
Although the ruling is, to quote Fitton again, “remarkable,” the “practical impact of could be limited” because, as Politico goes on to point out, U.S. District Court Judge Emmet Sullivan – the first judge to give the go ahead for Judicial Watch to seek sworn testimony – has already received a discovery plan and will rule on it by the end of next month. In other words, Lamberth’s ruling is just icing on the proverbial cake.
“Discovery will allow us to get into the shifting explanations,” Fitton says.
Indeed. Or, as we put it on Monday:
“..the story keeps changing, and indeed that’s the whole problem. At this point it’s abundantly clear that Clinton would have been far better off telling the truth from the very beginning and the fact that incremental information continues to surface certainly seems to suggest that the former First Lady fully intends to admit only what someone else – in this case Judicial Watch – can prove.”
Well thanks to judges Sullivan and Lambreth, the group may be able to prove a bit more.
* * *
Source: Noose Tightens On Clinton As Second Federal Judge Grants Discovery In E-Mail Fiasco
Flint gets $25 million from Detroit Pistons and a local bank
Detroit Pistons owner Tom Gores partnered with Huntington Bank in providing loans to Flint businesses.
Source: Flint gets $25 million from Detroit Pistons and a local bank
Boeing Will Terminate More Than 4,500 Workers
By Tyler Durden
Now that Yellen has taken us back to square one where the worse the news, the better for assets, the latest announcement by Boeing, which overnight announced it will eliminate about 4,000 jobs in its commercial airplanes division by the middle of this year and another roughly 550 jobs in a division that conducts flight and lab tests, should help push the iconic ExIm bank-supported company’s shares to new 2016 highs.
According to Reuters, the planemaker will reduce 1,600 positions in the commercial airplanes division through voluntary layoffs, while the rest of the cuts are expected to be completed by leaving open positions unfilled, spokesman Doug Alder said.
“While there is no employment reduction target, the more we can control costs as a whole the less impact there will be to employment,” Alder said.
The job cuts, which will include hundreds at executive and managerial positions, will not done through involuntary layoffs, Alder said.
Boeing will also cut about 10 percent of the approximately 5,700 jobs in its test and evaluation division, which conducts flight and lab tests, spokeswoman Sandra Angers told Reuters. The company had a total of 161,400 employees as of Dec. 31.
Reuters had reported last month that Boeing was considering offering voluntary layoffs to its professional engineers and technical workers.
In February, Ray Conner, chief executive of Boeing’s airplane business, warned employees that job cuts were necessary to “win in the market, fund our growth and operate as a healthy business.”
The Seattle Times had earlier reported that Boeing has taken steps to reduce its workforce.
And now we await president Obama to threaten 4,500 soon to be former Boeing workers to ignore the fiction peddlers and instead focus on daytrading the stock market, or better yet, the dollar: that 50x FX leverage should come in very handy in the “wealth creation” process.
Source: Boeing Will Terminate More Than 4,500 Workers
The Most Powerful Weapon Ever – Gold, Uranium, Pen?
By Sprott Money
Hold your real assets outside of the banking system in one of many private international facilities –>
We have the power and the weaponry to change every community, every state and the entire nation without ever firing a single bullet. How is this possible?
Whenever a person, anywhere in the world, exchanges their fiat currency for gold or silver coins or bars, they are “firing a shot” at that currency. Gold is “the money of Kings” and silver is “the money of Gentlemen”. Gold and silver have been money for thousands of years and no amount of market rigging, made up rules or government intervention will change this law of man. People around the world still conduct business using gold and silver as a medium of exchange. Simply because gold, in particular, is not used on a large scale and we are continually told that gold is a “ pet rock” or held by Central Banks as a “tradition” this is not the case. Gold and silver have value and worth. To acquire them from the source builds into them a certain amount of value. The labor, the time and various resources used to acquire these precious metals goes into every ounce pulled out of the ground. If gold is a “pet rock” or a “tradition” then why is there so much secrecy surrounding gold held at Central Banks? Why does the Federal Reserve, in conjunction with the U.S. Treasury, refuse to conduct an audit of OUR gold? The gold held at Fort Knox and the New York Federal Reserve, that is assigned to the Federal Reserve System, belongs to the people of the United States. If gold is nothing more than a tradition, audits are also a tradition that every responsible person does on a regular basis. Who among us doesn’t audit (balance) their checking account regularly? Who among us doesn’t audit their personal belongs of every type? Ever go through your closet, clean it out and donate the clothes, shoes, whatever to charity? It’s that an audit?
Every gram of gold or silver you acquire using fiat currency effectively removes that many “dollars” from the current financial and economic system. What you have done is removed those “dollars” from the hands of government. They now have fewer “dollars” to use to purchase weapons of war, surveillance technology and the other weapons they use against us. Today would be a good day to remove a few “dollars” from their hands and place another weapon in your back pocket. Gold and silver are free from tyranny, accepted around the world in good faith and provides a piece of insurance from, what appears to be, a system in change.
Marin Katusa, Katusa Research, and I were able to sit down and discuss gold, silver and mining. What happened was much more than I could have imagined. The conversation started out discussing gold, silver and the miners. …read more
Source: The Most Powerful Weapon Ever – Gold, Uranium, Pen?
Yellen: Global ‘risks’ could hurt U.S. economy
Fed Chair Janet Yellen gave her outlook for the U.S. economy at the Economic Club of New York on Tuesday.
Source: Yellen: Global ‘risks’ could hurt U.S. economy
Burger King’s newest burger is red hot
Burger King’s latest burger, dubbed “The Angriest Whopper,” has hot sauce baked into its buns.
Source: Burger King’s newest burger is red hot
Meet the Holy Land’s first single malt whisky maker
The new Milk & Honey distillery in Tel Aviv is producing Israel’s first single malt whisky to meet overseas demand.
Source: Meet the Holy Land’s first single malt whisky maker
India to OPEC: We’ll take the extra oil you’re pumping
India is turning to OPEC to feed its insatiable appetite for oil and fill its strategic petroleum reserves. Prime Minister Modi’s new budget would allow foreign oil companies to avoid paying taxes on oil stored in vast caverns India is building.
Source: India to OPEC: We’ll take the extra oil you’re pumping
