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Source: Trump, Clinton win Arizona

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By Tyler Durden

Submitted by John Whitehead via The Rutherford Institute,

“If we define an American fascist as one who in case of conflict puts money and power ahead of human beings, then there are undoubtedly several million fascists in the United States.” ? Henry A. Wallace, 33rd Vice President of the United States

This is an indictment of every politician who has ever sold us out for the sake of money and power, it is a condemnation of every politician who has ever lied to us in order to advance their careers, and it is a denunciation of every political shill who has sacrificed our freedoms on the altar of Corporate America.

They’re all fascists.

If Donald Trump is a fascist—as nearly half of Americans surveyed believe—then so is every other politician in office or running for office in America who has ever prioritized money and power over human beings.

Truly, apart from Trump’s virulently bombastic comments and his metaphorical willingness to spit in the wind in order to garner media coverage and notoriety, how is he any more of a fascist than Hillary Clinton and the millions she has amassed from the financial sector?

How is Trump any more of a fascist than Barack Obama, whose willingness to march in lockstep with the military industrial complex has resulted in endless wars, covert drone strikes that have killed hundreds of civilians abroad, and militarized police who have killed thousands of American citizens here at home?

How is Trump any more of a fascist than Congress, the majority of whom are millionaires and who are more inclined to do the bidding of their corporate sponsors and benefactors, all the while remaining deaf to their less affluent constituents?

For that matter, how is Trump any more of a fascist than the Supreme Court whose decisions in recent years have been characterized most often by an abject deference to government authority, military and corporate interests?

Writing for the New York Times in 1944, Vice President Henry A. Wallace noted that

“American fascists are most easily recognized by their deliberate perversion of truth and fact. Their newspapers and propaganda carefully cultivate every fissure of disunity, every crack in the common front against fascism. They use every opportunity to impugn democracy. They use isolationism as a slogan to conceal their own selfish imperialism. They cultivate hate and distrust…”

As Wallace concluded, American fascists are not pro-Constitution:

“They are patriotic in time of war because it is to their interest to be so, but in time of peace they follow power and the dollar wherever they may lead… They claim to be super-patriots, but they would destroy every liberty guaranteed by the Constitution. They demand free enterprise, but are the spokesmen for monopoly and vested interest. Their final objective toward which all their deceit is directed is to capture political power so that, using the power of …read more

Source: Fascism, American Style

    

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By Tyler Durden

You know you have 'tinkered' too much in the machincations of what dealers now call a “dead market” when the world's largest sovereign bond market is inverted at the short-end and the long-end. The utter folly of Peter Pan policy has sent 10Y JGB yields below the BoJ's overnight call rate for the first time ever…

Japan’s 10-year bond yield dropped to a record -12.5bps Friday, falling below the the negative deposit rate introduced by the Bank of Japan last month, after the central bank’s operation to buy long-term debt met the lowest investor participation on record. Yields on government debt have tumbled since the BOJ announced Jan. 29 that it would start charging 10bps interest on some deposits held at the bank starting Feb. 16.

40Y Yields are down a stunning 90bps since the BoJ went full retard… to record lows.

AND yields are so low that demand for 40Y JGBs has driven its yield below the 30Y yield by the most ever…

As Bloomberg notes, Japan’s long-term bond yields extended their push to record lows, driven by a shortage as the central bank buys record amounts of securities.

Investors are hoarding the debt because it still pays interest, while shorter maturities have negative yields.

“We’re in a situation where traders have no stock of the bonds,” said Hideo Suzuki, the chief manager of foreign exchange and financial products trading at Tokyo-based Mitsubishi UFJ Trust & Banking Corp.

A double inversion – we are sure just a little more debt monetization and the 'deflation mindset' will be vanquished.

Crucially, Japanese bond investors are increasingly reluctant to sell their holdings of longer maturities to the central bank as the pool of positive-yielding debt shrinks.

This means, as BNP Paribas warns, that there is a risk that The BoJ’s bond buying operations will fail to meet target this month, Tomohisa Fujiki, chief rates strategist at the bank.

In other words – Kuroda just hit the limit of his lies – any more buying from here and arguing that this is not direct debt monetization is simply folly. And as he reminded the world's investors recently – just like Peter Pan, once you stop believing, monetary policy's effectiveness is destroyed.

We can only imagine the capital controls that are coming…

…read more

Source: Bank Of Japan Unleashes Yield Curve Chaos: JGBs Inverted At Short- And Long-End

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By Tyler Durden

Just days after the manhunt for Salah Abdeslam ended with the Paris fugitive’s capture in the Muslim enclave of Molenbeek, another frantic search is underway in Belgium.

This time police are looking for an as yet unidentified man wearing a white collared shirt and dark bucket hat who was captured on camera pushing a luggage trolley through the Brussels airport today alongside the two men who are suspected of having blown themselves up as part of the coordinated terrorist attacks that rocked the city on Tuesday morning.

Although there are still far more questions than answers, we now have bit more in the way of detail as to what happened just before the attacks.

Based on surveillance video footage, we know the three men arrived at the airport in a taxi and while the two men on the left in the picture shown above apparently died in the attack (the gloves seen on their left hands are thought to hide triggers), the third man apparently fled the scene.

The suitcase on his trolley was later located by Belgian police and detonated.

“They came in a taxi with their suitcases, their bombs were in their bags,” Francis Vermeiren, the mayor of Zaventem said. “They put their suitcases on trolleys, the first two bombs exploded. The third also put his on a trolley but he must have panicked, it did not explode.” US officials say it’s more likely that the third man’s escape was planned.

The ensuing manhunt led police to a residence in Schaerbeek where a nail bomb, chemicals, and an ISIS flag were reportedly discovered.

Several sources contend that the taxi driver who delivered the men to the airport led police to the home where the items were discovered.

According to The Mirror, the driver told officials he had tried to help the men with their bags “but was abruptly ordered not to touch their luggage”. Other reports suggest he told authorities he was alarmed at how heavy their bags seemed.

“Based on what we found after the attacks, we had some information and we did a lot of house searches today,” Belgium’s interior minister, Jan Jambon told CNN. Belgian security sources also said the “working assumption” is that the men come from the same cell that orchestrated the Paris attacks. In other words, the dark legacy of Abdelhamid Abaaoud lives on.

Indeed, Abdeslam may have built upon the remnants of Abaaoud’s cell. “We have seen a new network of people around him in Brussels,” Belgian authorities told AP after his arrest last week. Some observers now believe his arrest may have compelled the group to pull forward a planned attack for fear that they would be arrested before they had a chance to act. “The bombings came days after Belgian officials warned of possible …read more

Source: Nail Bomb, Chemicals, ISIS Flag Found As Manhunt Underway For Brussels Bombing Suspect

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Gawker’s Nick Denton told CNNMoney he is certain that he will succeed in getting the $140 million award to Hulk Hogan overturned or greatly reduced when he appeals the jury’s verdict.

…read more

Source: Gawker’s Nick Denton certain he will still beat Hulk Hogan

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By Tyler Durden

November’s mass murders in Paris; today’s suicide bombings in Brussles… that’s just the beginning for Europe according to Dutch Party For Freedom (PVV) leader and prominent counter-Islamist campaigner Geert Wilders who spoke earlier today with Breitbart London in the aftermath of this morning’s major terror attack and has lamented it is just the beginning of growing Islamist violence.

Wilders, who recently said male refugees are “testosterone bombs,” and must be locked up to save women from “sexual jihad” said: “I fear that we ain’t seen nothing yet. According to Europol 3,000 to 5,000 European jihadists, who went to Syria to fight in the ranks of IS and similar terrorist groups, have meanwhile returned to Western Europe. Some of them hid among the hundreds of thousands of Islamic asylum seekers that entered Europe from Asia and Africa.”

He added that “two of last November’s terrorist in Paris had fought in Syria. So had the terrorist who, last August, attempted to attack the high speed train between Amsterdam and Paris. So had the two terrorists who, in January 2015, massacred the editorial staff of Charlie Hebdo. So had the terrorist who, in May 2014, shot four people at the Jewish Museum in Brussels.”

According to Breitbart, Belgian police have recently said at least 90 returned fighters from the Islamic State are living at liberty in Brussels, many of them in the infamous Molenbeek neighbourhood. European Commission insider Hermann Kelly told Breitbart Radio this morning he was concerned so many lived just miles from the political capital of the European Union.

Kelly said: “This is amazing to me that these people can kill people abroad, come here, and then walk free in the centre of Brussels.”

Wilders then went on: “Returned Syria fighters are a huge threat. They are dangerous predators roaming our streets. It is absolutely unbelievable that our governments allow them to return. And it is incredible that, once returned, they are not imprisoned.”

“In the Netherlands, we have dozens of these returned jihadists. Our government allows most of them to freely walk our streets and refuses to lock them up. I demand that they be detained at once. Every government in the West, which refuses to do so, is a moral accessory if one of these monsters commits an atrocity.“

“The government must also close our national borders. The European Union’s Schengen zone, where no border controls are allowed, is a catastrophe. The Belgian Moroccan Salah Abdeslam, the mastermind of last November’s bloodbath in Paris, travelled freely from Belgium to the Netherlands on multiple occasions last year.”

“This is intolerable. Open borders are a huge safety risk. Our citizens are in mortal danger if we do not restore control over our own national borders.”

Speaking earlier today Mr. Wilders lamented that commuters were killed in “cold blood” and said “The cause of all this bloodshed is Islam. We need to de-Islamize the West. That is the only way to …read more

Source: "We Ain’t Seen Nothing Yet," Dutch Party Leader Rages: "We Need To De-Islamize The West"

    

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